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
TOWER FAMILY FUND INC
 
Number and street (or P.O. box number if mail is not delivered to street address) 369 FRANKLIN STREET
  Room/suite
City or town
BUFFALO
State or province
NY
Country  
ZIP or foreign postal code
14202
A Employer identification number

20-5848514
B Telephone number (see instructions)

7168563300
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)$53,446,183J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check .................
3 Interest on savings and temporary cash investments 33,526 33,526  
4 Dividends and interest from securities... 1,290,274 1,290,036  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,185,484
b Gross sales price for all assets on line 6a 19,262,696
7 Capital gain net income (from Part IV, line 2)... 4,355,263
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).......      
12 Total. Add lines 1 through 11........ 5,509,284 5,678,825  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 75,000 25,000   50,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
93,164 6,911   86,253
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
36,916 18,458   18,458
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
187,335 187,335   0
17 Interest............... 9,493 9,386   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
98,574 8,693   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
33,992 32,216   1,500
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 534,474 287,999   156,211
25 Contributions, gifts, grants paid....... 9,147,895 9,147,895
26 Total expenses and disbursements. Add lines 24 and 25 ................ 9,682,369 287,999   9,304,106
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,173,085
b Net investment income (if negative, enter -0-) 5,390,826
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 505,613 600,219 600,343
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) 1,453,369
Less: allowance for doubtful accounts 0 1,490,956 1,453,369 1,453,369
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,486,552 Click to see attachment
List of Attached Documents:
// Content
1,949,300 		1,963,229
b Investments—corporate stock (attach schedule)....... 11,204,040 Click to see attachment
List of Attached Documents:
// Content
9,069,561 		13,588,732
c Investments—corporate bonds (attach schedule)....... 2,564,983 Click to see attachment
List of Attached Documents:
// Content
1,708,929 		1,726,492
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 22,375,906 Click to see attachment
List of Attached Documents:
// Content
21,668,986 		34,071,333
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
38,084 		Click to see attachment
List of Attached Documents:
// Content
42,685 		Click to see attachment
List of Attached Documents:
// Content
42,685
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 40,666,134 36,493,049 53,446,183
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 40,666,134 36,493,049
29 Total net assets or fund balances (see instructions)..... 40,666,134 36,493,049
30 Total liabilities and net assets/fund balances (see instructions). 40,666,134 36,493,049
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
40,666,134
2
Enter amount from Part I, line 27a .....................
2
-4,173,085
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
36,493,049
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
36,493,049
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 ALKEON GROWTH PARTNERS II, LP      
c ALKEON GROWTH PARTNERS II, LP UBTI P    
d CAPITAL GAINS DIVIDENDS P    
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 19,235,956   14,905,411 4,330,545
b 23,707     23,707
c 2,022   2,022 0
d 1,011     1,011
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       4,330,545
b       23,707
c       0
d       1,011
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 4,355,263
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 74,932
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 74,932
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 74,932
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 76,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 76,000
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 1,068
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax1,068 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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
NY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressN/A
14
The books are in care ofLUMSDEN MCCORMICK LLP Telephone no. (716) 856-3300

Located at369 FRANKLIN STREETBUFFALONY ZIP+414202
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
MOLLIE T BYRNES SECRETARY, DIRECTOR
1.00 		0 0 0
369 FRANKLIN STREET
BUFFALO,NY14202
CYNTHIA T DOYLE TREASURER, DIRECTOR
1.00 		0 0 0
369 FRANKLIN STREET
BUFFALO,NY14202
RANDOLPH F TREECE ATTY DIRECTOR
15.00 		75,000 0 0
369 FRANKLIN STREET
BUFFALO,NY14202
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
UBS FINANCIAL SERVICES INC MANAGEMENT & ADVISORY FEES 129,583
250 DELAWARE AVENUE SUITE 610
BUFFALO,NY14202
PILLSBURY WINTHROP SHAW PITTMAN LLP LEGAL FEES 63,000
31 WEST 52ND STREET
NEW YORK,NY10019
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 ACCRUED INTEREST ON THE FIELD FUND LOAN 3,405
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................3,405
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
50,463,393
b
Average of monthly cash balances.......................
1b
2,294,262
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
52,757,655
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
52,757,655
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
791,365
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
51,966,290
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
2,598,315
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
2,598,315
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
74,932
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
63
c
Add lines 2a and 2b............................
2c
74,995
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,523,320
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,523,320
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,523,320
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
9,304,106
b
Program-related investments—total from Part VIII-B..................
1b
3,405
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
9,307,511
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 2,523,320
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 2,763,547
b From 2021...... 1,308,351
c From 2022...... 4,263,724
d From 2023...... 3,780,031
e From 2024...... 5,737,200
f Total of lines 3a through e ........ 17,852,853
4Qualifying distributions for 2025 from Part
XI, line 4: $ 9,307,511
a Applied to 2024, but not more than line 2a 0
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..... 2,523,320
e Remaining amount distributed out of corpus 6,784,191
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 24,637,044
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 .......... 		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) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		2,763,547
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		21,873,497
10 Analysis of line 9:
a Excess from 2021 .... 1,308,351
b Excess from 2022 .... 4,263,724
c Excess from 2023 .... 3,780,031
d Excess from 2024 .... 5,737,200
e Excess from 2025 .... 6,784,191
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2025)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

15 LOVE

785 WASHINGTON AVE
ALBANY,NY12206 		    GENERAL SUPPORT 5,000

ACTION INC

180 MAIN STREET
GLOUCESTER,MA01930 		    GENERAL SUPPORT 20,000

ALBANY LAW SCHOOL

80 NEW SCOTLAND AVE
ALBANY,NY12208 		    GENERAL SUPPORT 25,000

ALZHEIMER'S ASSOCIATION- WESTERN NY CHAPTER

6400 SHERIDAN DRIVE SUITE 320
AMHERST,NY14221 		    GENERAL SUPPORT 10,000

ARTPARK & COMPANY

450 SOUTH 4TH STREET
LEWISTON,NY14092 		    ARTPARK BRIDGES PROGRAM 10,000

ASPCA

520 8TH AVE 7TH FLOOR
NEW YORK,NY10018 		    GENERAL SUPPORT 2,000

BERKLEE

1140 BOYLSTON STREET
BOSTON,MA02215 		    CITY MUSIC FIVE WEEK SUMMER PERFORMANCE SCHOLARSHIPS 20,000

BETH ISRAEL LAHEY HOSPITAL CORP

85 HERRICK STREET
BEVERLY,MA01915 		    GREATEST NEEDS FUND FOR BEVERLY HOSPITAL & ADDISON GILBERT SOCIETY FUND 35,000

BETHEL BAPTIST CHURCH

PO BOX 305
CAMBRIDGE,MA02140 		    GENERAL SUPPORT 10,000

BLACK DIMENSIONS IN ART INC

31 AMALIA LN
RENSSELAER,NY12144 		    GENERAL SUPPORT 5,000

BOYS & GIRLS CLUB OF BUFFALO

282 BABCOCK STREET
BUFFALO,NY14210 		    GENERAL SUPPORT 10,000

BOYS & GIRLS CLUB OF NIAGARA FALLS

725 17TH STREET
NIAGARA FALLS,NY14301 		    GENERAL SUPPORT 10,000

BUFFALO AKG ART MUSEUM

1285 ELMWOOD AVENUE
BUFFALO,NY14222 		    GENERAL SUPPORT - INSTALLMENT 1 OF 4 250,000

BUFFALO CENTER FOR ARTS AND TECHNOLOGY

1221 MAIN STREET
BUFFALO,NY14209 		    GENERAL SUPPORT 10,000

BUFFALO CITY MISSION

100 EAST TUPPER STREET
BUFFALO,NY14203 		    GENERAL SUPPORT 10,000

BUFFALO PEACE HOUSE

156 BUFFALO STREET
HAMBURG,NY14075 		    GENERAL SUPPORT 10,000

BUFFALO PHILHARMONIC ORCHESTRA

499 FRANKLIN STREET
BUFFALO,NY14202 		    GENERAL SUPPORT - INSTALLMENT 1 OF 4 250,000

BUFFALO PRENATAL-PERINATAL NETWORK

703 WASHINGTON STREET
BUFFALO,NY14213 		    GENERAL SUPPORT 10,000

BURCHFIELD-PENNEY ART CENTER

1300 ELMWOOD AVENUE
BUFFALO,NY14222 		    GENERAL SUPPORT - INSTALLMENT 1 OF 4 250,000

CAPE ANN ART HAVEN INC

20 MAPLEWOOD UNIT 3
GLOUCESTER,MA01930 		    GENERAL SUPPORT 35,000

CAPE ANN MUSEUM

27 PLEASANT STREET
GLOUCESTER,MA01930 		    CAPITAL CAMPAIGN FOR MUSEUM IMPROVEMENTS 25,000

CAPE ANN MUSEUM

27 PLEASANT STREET
GLOUCESTER,MA01930 		    GENERAL SUPPORT 40,000

CAPITAL CITY RESCUE MISSION

259 SOUTH PEARL ST
ALBANY,NY12202 		    GENERAL SUPPORT 5,000

CAPITAL DISTRICT YMCA

465 NEW KARNER ROAD 2ND FLOOR
ALBANY,NY12205 		    GENERAL SUPPORT 10,000

CAPITAL REGION BOYS AND GIRLS CLUB

21 DELAWARE AVE
ALBANY,NY12210 		    GENERAL SUPPORT 25,000

CENTER FOR DISABILITY SERVICES

314 S MANNING BLVD
ALBANY,NY12208 		    GENERAL SUPPORT 20,000

CEPA ART GALLERY

617 MAIN STREET STE 201
BUFFALO,NY14203 		    GENERAL SUPPORT 10,000

CHILD & FAMILY SERVICES

844 DELAWARE AVENUE
BUFFALO,NY14209 		    GENERAL SUPPORT 10,000

CHOATE ROSEMARY HALL

333 CHRISTIAN STREET
WALLINGFORD,CT06492 		    GENERAL SUPPORT 75,000

CIRCUIT ARTS

12 MUSIC STREET
WEST TISBURY,MA02575 		    GENERAL SUPPORT 50,000

COMMISSION ON ECONOMIC OPPORTUNITY

2331 5TH AVE
TROY,NY12180 		    GENERAL SUPPORT 5,000

COMMUNITY FOUNDATION FOR GREATER BUFFALO

727 EXCHANGE STREET SUITE 525
BUFFALO,NY14211 		    THE BUFFALO TOGETHER FUND 2,000,000

COMMUNITY FOUNDATION FOR GREATER BUFFALO

726 EXCHANGE STREET SUITE 525
BUFFALO,NY14210 		    GENERAL SUPPORT 10,000

COMMUNITY MISSIONS OF NIAGARA FRONTIER INC

1570 BUFFALO AVENUE
NIAGARA FALLS,NY14303 		    GENERAL SUPPORT 10,000

CONSERVATION LAW FOUNDATION

62 SUMMER STREET
BOSTON,MA02110 		    GENERAL SUPPORT 100,000

DANA-FARBER CANCER INSTITUTE

10 BROOKLINE PLACE WEST 6TH FLOOR
BROOKLINE,MA024457226 		    BYRNES FAMILY FUND FOR OLDER ADULT RESEARCH 110,000

DOCTORS WITHOUT BORDERS

40 RECTOR ST 16TH FLOOR
NEW YORK,NY10006 		    GENERAL SUPPORT 2,000

EARTH CONSERVATION CORPS

2000 HALF ST
WASHINGTON,DC20024 		    GENERAL SUPPORT 50,000

ESSEX COUNTY COMMUNITY FOUNDATION

500 CUMMINGS CENTER SUITE 5450
BEVERLY,MA01915 		    GENERAL SUPPORT 100,000

EXPLORE & MORE CHILDREN'S MUSEUM

130 MAIN STREET
BUFFALO,NY14202 		    GENERAL SUPPORT 10,000

FEEDMORE WNY

100 JAMES E CASEY DRIVE
BUFFALO,NY14206 		    HOME-DELIVERED MEAL PROGRAM 20,000

FEEDMORE WNY

100 JAMES E CASEY DRIVE
BUFFALO,NY14206 		    GENERAL SUPPORT 10,000

FIFTH AVENUE AME ZION CHURCH

189 FIFTH AVENUE
TROY,NY12180 		    GENERAL SUPPORT 25,000

GEORGETOWN UNIVERSITY

37TH AND O STS NW
WASHINGTON,DC20007 		    THE THRIVE CENTER FOR CHILDREN, FAMILIES AND COMMUNITIES 100,000

GLOUCESTER MARINE GENOMICS INSTITUTE

417 MAIN STREET
GLOUCESTER,MA01930 		    GENERAL SUPPORT 200,000

HAMMOND CASTLE MUSEUM

80 HESPERUS AVE
GLOUCESTER,MA01930 		    ERIC PAPE EXHIBITION 15,000

HARBORLIGHT COMMUNITY PARTNERS DBA HARBORLIGHT HOMES

285 ELLICOTT ST
BEVERLY,MA01915 		    GENERAL SUPPORT 1,000,000

HEALTHY AGING MV

PO BOX 945
EDGARTOWN,MA02539 		    GENERAL SUPPORT 100,000

HEIFER INTERNATIONAL

1 WORLD AVENUE
LITTLE ROCK,AR72202 		    GENERAL SUPPORT 2,000

HOSPICE FOUNDATION OF WESTERN NEW YORK

225 COMO PARK BOULEVARD
CHEEKTOWAGA,NY14227 		    GENERAL SUPPORT 10,000

ISLAND GROWN INITIATIVE

PO BOX 622
VINEYARD HAVEN,MA02568 		    ENDOWMENT FUND 100,000

ISLAND GROWN INITIATIVE

PO BOX 622
VINEYARD HAVEN,MA02568 		    GENERAL SUPPORT 40,000

ISLAND HOUSING TRUST CORPORATION

PO BOX 779
WEST TISBURY,MA02575 		    GENERAL SUPPORT 5,000

KENAN CENTER

433 LOCUST STREET
LOCKPORT,NY14094 		    GENERAL SUPPORT 10,000

LASINBURGH BOYS AND GIRLS CLUB

501 4TH AVE
TROY,NY12182 		    GENERAL SUPPORT 25,000

LEAP FOR EDUCATION INC

35 CONGRESS STREET SUITE 102
SALEM,MA01970 		    GENERAL SUPPORT 35,000

LUMINARY IMPACT FUND

767B PORTOLA ST
SAN FRANCISCO,CA94129 		    GENERAL SUPPORT 100,000

MARTHA'S VINEYARD COMMUNITY FOUNDATION

PO BOX 243
WEST TISBURY,MA02575 		    GENERAL SUPPORT & THE SAM FELDMAN FUND 65,000

MARTHA'S VINEYARD HOSPITAL

PO BOX 1477
OAK BLUFFS,MA02557 		    WORKFORCE HOUSING GRANT 1,000,000

MARTHA'S VINEYARD NONPROFIT COLLABORATIVE

PO BOX 1018
WEST TISBURY,MA02575 		    GENERAL SUPPORT 15,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA ST SUITE 540
BOSTON,MA02114 		    ARMS RECOVERY COACH PROGRAM & RECOVERY RESEARCH INSTITUTE 100,000

MEALS ON WHEELS OF NIAGARA FALLS

4661 PORTER ROAD
NIAGARA FALLS,NY14305 		    GENERAL SUPPORT 25,000

MONTSERRAT COLLEGE OF ART

23 ESSEX STREET
BEVERLY,MA01915 		    GENERAL SUPPORT 25,000

MOUNT ST MARY'S HOSPITAL FOUNDATION

5300 MILITARY ROAD
LEWISTON,NY14092 		    PROJECTS & INITIATIVES INCLUDING 4 VITAL MONITORS/WHEELIES 25,000

NEW PROFIT INC

99 BEDFORD ST STE 500
BOSTON,MA02111 		    GENERAL SUPPORT 100,000

NIAGARA FALLS MEMORIAL MEDICAL CENTER

621 10TH STREET
NIAGARA FALLS,NY14302 		    GENERAL SUPPORT 25,000

NIAGARA HOSPICE

4675 SUNSET DRIVE
LOCKPORT,NY140941231 		    GENERAL SUPPORT 10,000

NIAGARA LUTHERAN HEALTH FOUNDATION

5959 BROADWAY STREET
LANCASTER,NY14086 		    LEADERSHIP COUNCIL CAMPAIGN 50,000

NIAGARA UNIVERSITY

GACIOCH FAMILY CENTER
NIAGARA UNIVERSITY,NY14109 		    ACADEMIC SUCCESS CENTER 25,000

NORTHSHORE EDUCATION CONSORTIUM

112 SOHIER ROAD
BEVERLY,MA01915 		    GENERAL SUPPORT 50,000

OPPORTUNITIES COLLABORATIVE FOR STUDENTS WITH SPECIAL NEEDS INC

2645 SHERIDAN DRIVE
TONAWANDA,NY14150 		    GENERAL SUPPORT 50,000

OXFAM AMERICA

77 N WASHINGTON STREET
BOSTON,MA02114 		    GENERAL SUPPORT 2,000

PALACE THEATER

80 HANOVER ST
MANCHESTER,NH03101 		    GENERAL SUPPORT 25,000

PARTNERS IN HEALTH

800 BOYLSTON STREET SUITE 300
BOSTON,MA02199 		    GENERAL SUPPORT 2,000

PATHWAYS FOR CHILDREN

29 EMERSON AVENUE
GLOUCESTER,MA01930 		    GENERAL SUPPORT 100,000

PENIKESE ISLAND SCHOOL

565 WOODS HOLE ROAD
WOODS HOLE,MA02543 		    GENERAL SUPPORT & GIRLS' SCIENCE AND NATURE SUMMER CAMP 150,000

PEOPLE INC

1219 NORTH FOREST ROAD
WILLIAMSVILLE,NY14221 		    GENERAL SUPPORT; GENERAL SUPPORT - AUTISM SERVICES 20,000

PETER G YOUNG JR FOUNDATION

950 NEW LOUDON RD
LATHAM,NY12110 		    GENERAL SUPPORT 25,000

PINNACLE COMMUNITY SERVICES

1522 MAIN STREET
NIAGARA FALLS,NY14305 		    GENERAL SUPPORT 30,000

POWER OF PLACE LEARNING COMMUNITIES INC

2 BURLINGTON WOODS DRIVE SUITE 100
BURLINGTON,MA01803 		    LEARNING COMMUNITY PROJECT GRANT 647,895

RAW ART WORKS INC

37 CENTRAL SQUARE
LYNN,MA01901 		    GENERAL SUPPORT 50,000

RAY OF LIGHT FARM INC

232 TOWN STREET RTE 82
EAST HADDAM,CT06425 		    GENERAL SUPPORT 2,000

ROCKPORT MUSIC INC

16 MAIN STREET
ROCKPORT,MA01966 		    GENERAL SUPPORT 75,000

ROCKPORT MUSIC INC

16 MAIN STREET
ROCKPORT,MA01966 		    JAZZ WORKSHOP AND ANNUAL FUND 25,000

RONALD MCDONALD HOUSE OF WNY

780 WEST FERRY STREET
BUFFALO,NY14222 		    GENERAL SUPPORT 5,000

SAWYER LIBRARY FOUNDATION

2 DALE AVENUE
GLOUCESTER,MA01930 		    GENERAL SUPPORT 50,000

SCHOONER ADVENTURE

PO BOX 1306
GLOUCESTER,MA01931 		    GENERAL SUPPORT 80,000

SOUTH END CHILDREN'S CAFE

33 RENSSELAER ST
ALBANY,NY12202 		    GENERAL SUPPORT 5,000

STILLPOINT MARTHA'S VINEYARD INC

49 NORTH ROAD
CHILMARK,MA02535 		    GENERAL SUPPORT 55,000

THE FIELD FUND

49 NORTH ROAD
CHILMARK,MA02535 		    GENERAL SUPPORT 50,000

THE NIAGARA ARTS & CULTURAL CENTER (NACC)

1201 PINE AVENUE
NIAGARA FALLS,NY14301 		    GENERAL SUPPORT 15,000

THE OPEN DOOR

28 EMERSON AVENUE
GLOUCESTER,MA01930 		    GENERAL SUPPORT 100,000

THE SALVATION ARMY - BUFFALO AREA SERVICES

960 MAIN STREET
BUFFALO,NY14202 		    GENERAL SUPPORT 10,000

THE SALVATION ARMY - NIAGARA FALLS AREA SERVICES

7018 BUFFALO AVENUE
NIAGARA FALLS,NY14304 		    GENERAL SUPPORT 10,000

THE SALVATION ARMY - SOUTHERN NEW ENGLAND DIVISION

855 ASYLUM AVE
HARTFORD,CT06105 		    GENERAL SUPPORT 2,500

TRINITY ALLIANCE OF THE CAPITAL REGION

15 TRINITY PLACE
ALBANY,NY12202 		    GENERAL SUPPORT 10,000

UNDERGROUND RAILROAD EDUCATION CENTER

194 LIVINGSTON AVENUE
ALBANY,NY12210 		    GENERAL SUPPORT 20,000

UNITED WAY OF BUFFALO & ERIE COUNTY

742 DELAWARE AVENUE
BUFFALO,NY14209 		    GENERAL SUPPORT 10,000

UNITED WAY OF GREATER NIAGARA

6420 INDUCON DRIVE WEST SUITE B2
SANBORN,NY14132 		    GENERAL SUPPORT 10,000

UNITY HOUSE OF TROY INC

2431 SIXTH AVENUE
TROY,NY121802227 		    GENERAL SUPPORT 5,000

VINEYARD HOUSE

PO BOX 4599 56 SHORT HILL ROAD
VINEYARD HAVEN,MA02568 		    GENERAL SUPPORT 25,000

VINEYARD INDEPENDENCE PARTNERSHIP

PO BOX 1204
WEST TISBURY,MA02575 		    GENERAL SUPPORT 5,000

VISTA LIFE INNOVATIONS INC

107 BRADLEY ROAD
MADISON,CT06443 		    KEITH MURPHY MEMORIAL FUND 500

WALNUT HILL SCHOOL OF THE ARTS

12 HIGHLAND STREET
NATICK,MA01760 		    GENERAL SUPPORT, SCHOLARSHIPS 125,000

WELLSPRING HOUSE INC

302 ESSEX AVENUE
GLOUCESTER,MA01930 		    GENERAL SUPPORT 85,000

YMCA OF MARTHA'S VINEYARD

111R EDGARTOWN VINEYARD HAVEN RD
VINEYARD HAVEN,MA02568 		    GENERAL SUPPORT 200,000

YMCA OF THE NORTH SHORE INC

200 CUMMINGS CENTER SUITE 173D
BEVERLY,MA01915 		    GENERAL SUPPORT, SCHOLARSHIPS 100,000
Total ................................. 3a 9,147,895
bApproved for future payment

BUFFALO AKG ART MUSEUM
1285 ELMWOOD AVENUE
BUFFALO,NY14222 		    GENERAL SUPPORT PLEDGE OF $1 MILLION 750,000

BUFFALO PHILHARMONIC ORCHESTRA
499 FRANKLIN STREET
BUFFALO,NY14202 		    GENERAL SUPPORT PLEDGE OF $1 MILLION 750,000

BURCHFIELD-PENNEY ART CENTER
1300 ELMWOOD AVENUE
BUFFALO,NY14222 		    GENERAL SUPPORT PLEDGE OF $1 MILLION 750,000

COMMUNITY FOUNDATION FOR GREATER BUFFALO
726 EXCHANGE STREET SUITE 1016
BUFFALO,NY14210 		    THE BUFFALO TOGETHER FUND - PLEDGE OF $5 MILLION 3,000,000

ROCKPORT MUSIC INC
16 MAIN STREET
ROCKPORT,MA01966 		    SHALIN LIU PERFORMANCE HALL PHASE ONE RENOVATIONS 500,000
Total ................................. 3b 5,750,000
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 33,526  
4 Dividends and interest from securities .... 900001 238 14 1,290,036  
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 ............ 		900001 2,022 18 4,183,462  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 2,260 5,507,024 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,509,284
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 36,916 18,458   18,458

TY 2025 InvestmentsCorpBondsSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Name of Bond End of Year Book Value End of Year Fair Market Value
UBS #16816 1,301,776 1,330,386
UBS #16822 407,153 396,106

TY 2025 InvestmentsCorpStockSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Name of Stock End of Year Book Value End of Year Fair Market Value
1 SH BERKSHIRE HATHAWAY INC CL A 227,518 754,800
4,834 SHS M&T BK CORP 422,298 973,954
UBS #26389 3,197,532 4,420,331
UBS #26390 5,222,213 7,439,647

TY 2025 InvestmentsGovtObligationsSch
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
US Government Securities - End of Year Book Value:

1,949,300
US Government Securities - End of Year Fair Market Value:

1,963,229
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2025 InvestmentsOtherSchedule2
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
.068713% INTEREST ALKEON GROWTH PARTNERS II, LLP AT COST 533,454 844,619
186,980.151 SHS BLACKSTONE REAL ESTATE CL SP AT COST 1,720,127 2,641,039
UBS #16816 AT COST 1,687,831 1,693,284
UBS #16822 AT COST 318,702 299,270
UBS #16848 AT COST 17,320,830 28,505,396
UBS #26390 AT COST 88,042 87,725

TY 2025 LegalFeesSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 93,164 6,911   86,253


TY 2025 OtherAssetsSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INTEREST, DIVIDENDS & SALES PROCEEDS RECEIVABLE 34,795 37,722 37,722
PREPAID INTEREST 3,289 4,963 4,963


TY 2025 OtherExpensesSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NYS FILING FEE 1,500 0   1,500
INVESTMENT EXPENSE 8,054 8,054   0
ORDINARY LOSS PASSED THROUGH ALKEON GROWTH PARTNERS II, LP 24,438 24,162   0


TY 2025 OtherProfessionalFeesSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
UBS INVESTMENT MANAGEMENT & ADVISORY FEES 129,583 129,583   0
3RD PARTY INVESTMENT MANAGER FEES 57,752 57,752   0


TY 2025 TaxesSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 8,693 8,693   0
FEDERAL EXCISE TAXES 89,631 0   0
NY UBI TAX 250 0   0