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
PANNONIA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) CO CFG CPA 48 S FRANKLIN TPKE 30
  Room/suite
City or town
RAMSEY
State or province
NJ
Country  
ZIP or foreign postal code
07446
A Employer identification number

13-4112882
B Telephone number (see instructions)

2016616600
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)$29,217,596J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 802,771 802,771  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,975,232
b Gross sales price for all assets on line 6a 5,738,675
7 Capital gain net income (from Part IV, line 2)... 1,975,232
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........ 2,778,003 2,778,003  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
25,633 0   25,633
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
224,860 224,860   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
83,201 13,468   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,200 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,344 0   2,344
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 337,238 238,328   27,977
25 Contributions, gifts, grants paid....... 1,588,050 1,588,050
26 Total expenses and disbursements. Add lines 24 and 25 ................ 1,925,288 238,328   1,616,027
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 852,715
b Net investment income (if negative, enter -0-) 2,539,675
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............. 5,736,464 7,544,260 7,544,260
2 Savings and temporary cash investments.........      
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)....... 13,184,910 Click to see attachment
List of Attached Documents:
// Content
12,353,421 		21,225,074
c Investments—corporate bonds (attach schedule)....... 387,239 Click to see attachment
List of Attached Documents:
// Content
303,566 		306,035
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 194,356 Click to see attachment
List of Attached Documents:
// Content
154,437 		142,227
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) 19,502,969 20,355,684 29,217,596
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........... 19,502,969 20,355,684
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 19,502,969 20,355,684
30 Total liabilities and net assets/fund balances (see instructions). 19,502,969 20,355,684
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
19,502,969
2
Enter amount from Part I, line 27a .....................
2
852,715
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
20,355,684
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
20,355,684
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 FIDELITY PUBLICLY-TRADED SECURITIES P    
b FIDELITY PUBLICLY-TRADED SECURITIES P    
c FIDELITY CAPITAL GAIN DIVIDENDS P    
d CHASE GREENHAVEN PUBLICLY-TRADED SECURITIES P    
e CHASE GREENHAVEN PUBLICLY-TRADED SECURITIES P    
FX GAIN CHASE GREENHAVEN P    
(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 283,061   352,565 -69,504
b 1,083,704   820,919 262,785
c 13,101     13,101
d 440,600   329,319 111,281
e 3,918,073   2,260,640 1,657,433
136     136
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       -69,504
b       262,785
c       13,101
d       111,281
e       1,657,433
      136
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 1,975,232
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 35,301
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 35,301
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 35,301
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 35,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 19,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 54,000
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
8 440
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 18,259
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax18,259 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
 
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)
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 ofARCLEDGE INC Telephone no. (805) 617-0772

Located at1120 AVENUE OF THE AMERICAS 4THFLOORNEW YORKNY ZIP+410036
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
ADAM BARTOS PRESIDENT
0.75 		0 0 0
C/O CORRADO 48 S FRANKLIN TPKE 300
RAMSEY,NJ07446
MAHNAZ ISPAHANI VICE PRESIDENT
0.75 		0 0 0
C/O CORRADO 48 S FRANKLIN TPKE 300
RAMSEY,NJ07446
ROBERT J HUGHES TREASURER
0.50 		0 0 0
C/O CORRADO 48 S FRANKLIN TPKE 300
RAMSEY,NJ07446
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
JP MORGAN CHASE INVESTMENT ADVISORY 153,581
383 MADISON AVENUE
NEW YORK,NY10179
AVALON TRUST COMPANY INVESTMENT ADVISORY 71,279
125 LINCOLN AVE STE 301
SANTA FE,NM87501
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
21,373,411
b
Average of monthly cash balances.......................
1b
6,280,336
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
27,653,747
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
27,653,747
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
414,806
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
27,238,941
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
1,361,947
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
1,361,947
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
35,301
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
35,301
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,326,646
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,326,646
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
1,326,646
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
1,616,027
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,616,027
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 1,326,646
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......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024...... 737,555
f Total of lines 3a through e ........ 737,555
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,616,027
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..... 1,326,646
e Remaining amount distributed out of corpus 289,381
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 1,026,936
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) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		1,026,936
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 .... 737,555
e Excess from 2025 .... 289,381
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

EAKINS PRESS FOUNDATION

20 W 44TH ST 405
NEW YORK,NY10036 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 2,000

FILM FORUM

209 WEST HOUSTON ST
NEW YORK,NY10014 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 10,000

HANOVER CHARITIES

824 ISLAND CIRCLE WEST
ST HELENA,SC29920 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 17,500

MUSEUM OF MOVING IMAGE

36-01 35 AVE 37TH ST
NEW YORK,NY11106 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 75,000

NEW YORK PUBLIC LIBRARY

476 FIFTH AVENUE
NEW YORK,NY10018 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 573,800

SAKHI FOR SOUTH ASIAN WOMEN

PO BOX 1333 CHURCH STATION
NEW YORK,NY10008 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 5,000

THE ANIMAL MEDICAL CENTER

510 EAST 62ND STREET
NEW YORK,NY10065 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 76,000

FRIENDS OF SEVA MANDIR INC

200 METROPLEX DRIVE SUITE 300
EDISON,NJ08817 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 3,000

GUILD HALL

158 MAIN STREET
EAST HAMPTON,NY11937 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 1,500

THE LINCOLN CENTER

150 WEST 65TH STREET
NEW YORK,NY10023 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 75,000

THE LOWER EASTSIDE GIRLS CLUB

402 E 8TH ST
NEW YORK,NY10009 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 5,000

ACLU FOUNDATION

125 BROAD STREET
NEW YORK,NY10004 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 250,000

ANIMAL RESCUE FUND OF THE HAMPTONS INC

124 DANIELS HOLE RD
EAST HAMPTON,NY11937 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 10,000

CENTRAL PARK CONSERVANCY

14 E 60TH ST
NEW YORK,NY10022 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 1,000

CENTURY ASSOCIATION ARCHIVE FOUNDATION

7 W 43RD ST
NEW YORK,NY10036 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 750

DOCTORS WITHOUT BORDERS

40 RECTOR ST 16TH FLOOR
NEW YORK,NY10006 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 25,000

EL MUSEO DEL BARRIO

1230 5TH AVE
NEW YORK,NY10029 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 15,000

FOUR FREEDOMS PARK CONSERVANCY

1 FDR FOUR FREEDOMS PARK
ROOSEVELT ISLAND,NY10044 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 2,500

FRIENDS OF GEORGICA POND FOUNDATION

PO BOX 1393
WAINSCOTT,NY11975 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 10,000

HAYGROUND SCHOOL

151 MITCHELL LN
BRIDGEHAMPTON,NY11932 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 2,500

INTERNATIONAL RESCUE COMMITTEE INC

122 E 42ND ST
NEW YORK,NY10168 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 5,000

MOMA

11 W 53RD ST
NEW YORK,NY10019 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 85,000

THE PARRISH ART MUSEUM

279 MONTAUK HWY
WATER MILL,NY11976 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 7,500

ASPCA

424 E 92ND ST
NEW YORK,NY10128 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 2,500

CORRECTIONAL ASSOCIATION OF NEW YORK

PO BOX 793
BROOKLYN,NY11207 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 1,000

NATIONAL MUSEUM OF THE AMERICAN INDIAN

1 BOWLING GREEN
NEW YORK,NY10004 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 10,000

NEW ALTERNATIVES FOR CHILDREN

825 7TH AVE
NEW YORK,NY10019 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 1,000

PERFECT EARTH PROJECT

PO BOX 1195
BRIDGEHAMPTON,NY11932 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 1,000

PLANNED PARENTHOOD FEDERATION OF AMERICA

123 WILLIAM STREET 10TH FLOOR
NEW YORK,NY10038 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 5,000

ROOSEVELT INSTITUTE

570 LEXINGTON AVE 501
NEW YORK,NY10022 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 9,000

SAFE HORIZON

2 LAFAYETTE ST
NEW YORK,NY10007 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 5,000

SITE SANTA FE

1606 PASEO DE PERALTA
SANTA FE,NM87501 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 7,500

SMITHSONIAN INSTITUTION

PO BOX 37102 SI BUILDING RM 153 MRC
010
WASHINGTON,DC20013 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 17,500

THE STUDIO IN SCHOOL ASSOCIATION

75 WEST END AVENUE
NEW YORK,NY10023 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 1,500

THE TIBET CENTER

502 N RIDGEWOOD RD
SOUTH ORANGE,NJ07079 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 3,500

UNITED WORLD COLLEGE - USA

STATE RTE 65
MONTEZUMA,NM87731 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 5,000

VERA INSTITUTE OF JUSTICE

34 35TH ST SUITE 4-2A
BROOKLYN,NY11232 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 7,500

WORLD CONNECT

632 BROADWAY SUITE 901
NEW YORK,NY10012 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 1,500

YALE SCHOOL OF ARCHITECTURE

180 YORK ST
NEW HAVEN,CT06511 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 7,500

BARENBOIM-SAID FOUNDATION

435 RIVERSIDE DRIVE SUITE 122
NEW YORK,NY10025 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 5,000

COUNCIL ON FOREIGN RELATIONS

58 E 68TH ST
NEW YORK,NY10065 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 10,000

NEW ART PUBLICATIONS INC

80 HANSON PLACE SUITE 703
BROOKLYN,NY11217 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 2,500

SEEDS OF PEACE

370 LEXINGTON AVE 201
NEW YORK,NY10017 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 5,000

URGENT ACTION FUND

2601 BLANDING AVE SUITE C 155
ALAMEDA,CA94501 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 3,000

WELLESLEY COLLEGE

106 CENTRAL STREET
WELLESLEY,MA02481 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 25,000

YADDO

312 UNION AVENUE
SARATOGA SPRINGS,NY12866 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 1,500

MUSEUM OF ARTS AND DESIGN

2 COLUMBUS CIRCLE
NEW YORK,NY10019 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 2,500

THE BROOKLYN RAIL

253 36TH STREET 3RD FLOOR STE C304
BROOKLYN,NY11232 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 25,000

THE FLETCHER FUND

128 PROFESSORS ROW
MEDFORD,MA02155 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 2,500

COMMON SENSE MEDIA

699 8TH ST SUITE C150
SAN FRANCISCO,CA94103 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 2,500

IQRA FUND

PO BOX 416
BOZEMAN,MT59771 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 5,000

LONGHOUSE RESERVE

133 HANDS CREEK ROAD
EAST HAMPTON,NY11937 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 3,000

NEW YORK EYE & EAR INFIRIMARY

MOUNT SINAI HEALTH SYSTEM ONE
GUSTAVE L LEVY PLACE BOX 1049
NEW YORK,NY10029 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 2,500

NEW YORK-PRESBYTERIAN HOSPITAL

525 E 68TH ST BOX 123
NEW YORK,NY10065 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 20,000

ASIA SOCIETY

725 PARK AVENUE
NEW YORK,NY10021 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 2,500

7 WEST 43RD STREET FOUNDATION INC

7 W 43RD ST
NEW YORK,NY10036 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 10,000

92ND STREET Y

1395 LEXINGTON AVE
NEW YORK,NY10128 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 5,000

DALTON SCHOOL

108 E 89TH ST
NEW YORK,NY10128 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 5,000

FOOD BANK OF NEW YORK CITY

39 BROADWAY
NEW YORK,NY10038 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 10,000

HOSPITAL FOR SPECIAL SURGERY

535 E 70TH ST
NEW YORK,NY10021 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 20,000

IAIA FOUNDATION

PO BOX 22370
SANTA FE,NM87502 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 10,000

MOUNT SINAI HEALTH

1 GUSTAVE L LEVY PLACE
NEW YORK,NY10029 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 20,000

NEW ISRAEL FUND

6 EAST 39TH STREET SUITE 301
NEW YORK,NY10016 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 2,500

NEW YORK PUBLIC RADIO - WNYC

PO BOX 1550
NEW YORK,NY10116 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 3,500

PECONIC LAND TRUST

296 HAMPTON RD
SOUTHAMPTON,NY11968 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 3,000

SOUTHAMPTON HOSPITAL FOUNDATION

57 HAMPTON ROAD SUITE 202
SOUTHAMPTON,NY11968 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 5,000

THE MET

1000 FIFTH AVENUE
NEW YORK,NY10028 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 2,500

WEILL CORNELL MEDICAL COLLEGE

525 EAST 68TH STREET
NEW YORK,NY10065 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 20,000

WHEELRIGHT MUSEM OF THE AMERICAN INDIAN

704 CAMINO LEJO
SANTA FE,NM87505 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 5,000

THE OSBORNE ASSOCIATION

175 REMSEN STREET 8TH FLOOR
BROOKLYN,NY11201 		    TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) 5,000
Total ................................. 3a 1,588,050
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 802,771  
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 1,975,232  
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) .. 0 2,778,003 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,778,003
(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:
PANNONIA FOUNDATION
EIN:
13-4112882
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
KRA LLC - BOOKKEEPING FEES 15,233 0   15,233
CFG CPA, LLP - ACCOUNTING FEES 10,400 0   10,400

TY 2025 InvestmentsCorpBondsSchedule
Name:
PANNONIA FOUNDATION
EIN:
13-4112882
Name of Bond End of Year Book Value End of Year Fair Market Value
AT&T INC 4.350% DUE 03-01-29 20,935 21,109
BP CAPITAL MARKETS PLC 3.588% DUE 04-14-27 21,132 20,935
COMCAST CORP 3.150% DUE 03-01-26 20,578 20,993
CVS HEALTH CORP 4.300% DUE 03-25-28 20,567 21,070
DUKE ENERGY CORP 3.150% DUE 08-15-27 21,892 21,726
GENERAL DYNAMICS CORP 3.750% DUE 05-15-28 20,116 20,033
GENERAL MILLS INC 4.200% DUE 04-17-28 19,598 20,065
KROGER CO 2.650% DUE 10-15-26 21,208 22,767
LOCKHEED MARTIN CORP 3.550% DUE 01-15-26 10,986 10,999
OCCIDENTAL PETROLEUM CORP 3.000% DUE 02-15-27 21,161 21,744
ORACLE CORP 3.250% DUE 11-15-27 21,070 20,544
PFIZER INC NOTE 3.450% DUE 03-15-29 21,221 20,753
STARBUCKS CORP 3.500% DUE 03-01-28 20,837 20,781
WALMART INC NOTE 3.250% DUE 07-08-29 21,481 20,677
WELLS FARGO & CO 3.000% DUE 10-23-26 20,784 21,839

TY 2025 InvestmentsCorpStockSchedule
Name:
PANNONIA FOUNDATION
EIN:
13-4112882
Name of Stock End of Year Book Value End of Year Fair Market Value
ALPHABET CLASS C 137,116 721,740
AMAZON.COM 179,053 461,640
AMERICAN ELECTRIC POWER 49,263 83,254
APPLE INC. 208,229 489,348
BERKSHIRE HATHAWAY CL B 79,681 201,060
BLOOM ENERGY CORP CLASS A 26,840 173,780
BROADCOM INC. 51,057 657,590
BROOKFIELD INFRASTRUCTURE CORP CLAS 91,019 149,820
CHUBB LTD. FOR 54,899 132,963
CISCO SYSTEMS INC 45,524 86,813
D R HORTON INC. 33,167 108,023
D R HORTON INC. 514,086 1,440,300
DANAHER CORP 40,779 74,399
DODGE & COX INCOME 425,150 417,786
FIDELITY OVERSEAS FOR 575,024 715,091
FIRST SOLAR INC COM 77,297 195,923
GENERAL MOTORS CO 724,148 2,008,604
GOLDMAN SACHS GROUP 61,784 307,650
JP MORGAN MORTGAGE-BACKED SECURITIE 449,994 425,534
LENNAR CORP - CLASS A 667,832 1,336,400
LOWE'S 99,555 217,044
MERCK & CO 102,367 131,575
MICROSOFT CORP 221,104 567,286
MONDELEZ INTERNATIONAL INC 58,208 59,213
PEPSICO INC 42,482 54,681
PNC FINL SVCS GROUP 90,093 146,111
PROGRESSIVE CORP 47,082 142,325
QUANTA SERVICES 18,031 232,133
TARGET CORP 50,267 62,267
THERMO FISHER SCIENTIFIC INC 80,387 101,404
TOLL BROTHERS INC 95,733 405,660
VANGUARD SHORT TERM INVT GRADE 650,140 657,359
VISA 105,049 210,426
VANECK ETF ISHARES BIOTECH 146,542 196,023
REXEL EURS ISIN 59,161 98,624
LINDE PLC COM 58,793 89,542
TJX COMPANIES INC 44,128 107,527
TYLER TECHNOLOGIES INC 43,130 49,935
VALMONT INDUSTRIES INC 64,771 120,696
LEAR CORP 389,464 343,800
MERITAGE HOMES CORP 75,992 131,600
OSHKOSH CORP 406,122 628,150
PULTEGROUP 473,457 1,348,490
AVNET INC 281,678 312,520
LORD ABBETT SHORT DURATION INCOME CL I 400,000 404,682
MONTROSE ENVIRONMENTAL GROUP 78,868 62,075
PALO ALTO NETWORKS INC 48,293 73,680
VERALTO CORP COM 47,148 64,857
ARROW ELECTRONICS INC 440,441 407,666
NOV INC 276,659 281,340
VALLOUREC SA 353,383 405,656
DIAMOND HILL SHORT DURAT SC BOND I 250,000 253,493
NVENT ELECTRIC PLC 48,262 71,379
AMERICAN WATER WORKS CO 100,638 104,400
ARISTA NETWORKS INC 50,593 65,515
CMS ENERGY CORP 92,172 111,888
NVIDIA CORP 367,036 718,025
RESMED INC 94,912 120,435
AVANTOR INC 340,121 343,800
BAXTER INTERNATIONAL INC 225,373 184,029
SCHLUMBERGER LIMITED 256,743 305,121
BEIERSDORF AG NPV 96,559 74,095
AON PLC 94,426 97,042
ADYEN NV UNSPON 120,282 111,790
AUTOZONE INC COM 112,470 101,745
DANONE SPONSORED 96,792 111,848
SERVICENOW INC COM 112,595 91,914
US FOODS HLDG CORP 53,977 56,490

TY 2025 InvestmentsOtherSchedule2
Name:
PANNONIA FOUNDATION
EIN:
13-4112882
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
EQUINIX INC COM AT COST 96,368 91,939
HA SUSTAINABLE AT COST 58,069 50,288

TY 2025 OtherExpensesSchedule
Name:
PANNONIA FOUNDATION
EIN:
13-4112882
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NY ANNUAL FEE 750 0   750
OFFICE EXPENSE 1,594 0   1,594


TY 2025 OtherProfessionalFeesSchedule
Name:
PANNONIA FOUNDATION
EIN:
13-4112882
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FIDELITY/AVALON - INVESTMENT FEES 71,279 71,279   0
CHASE GREENHAVEN - INVESTMENT FEES 153,581 153,581   0


TY 2025 TaxesSchedule
Name:
PANNONIA FOUNDATION
EIN:
13-4112882
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 13,468 13,468   0
FEDERAL TAXES 69,733 0   0