TY 2025 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2025

Open to Public Inspection

For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25

Name of foundation
JAMES A GAMMON CHARITABLE FDN INC
% GEORGE CARBERRY

Number and street (or P.O. box number if mail is not delivered to street address) 9191 BROADWAY
Room/suite

City or town
MERRILLVILLE

State or province
IN

Country

ZIP or foreign postal code
464107043

A Employer identification number

62-1474246

B Telephone number (see instructions)

2197691313

C If exemption application is pending, check here

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

Address change Name change

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

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

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

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

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

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$3,716,817J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments	28,609		28,609
4	Dividends and interest from securities...	106,412		106,412
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		348,308
b	Gross sales price for all assets on line 6a 1,737,133
7	Capital gain net income (from Part IV, line 2)...			348,308
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........	483,329		483,329
13	Compensation of officers, directors, trustees, etc.	9,000			9,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	7,090	2,363	4,727
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	2,000	2,000
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	5,626	1,626
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	55,352	41,852	13,500
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	79,068		47,841	27,227
25	Contributions, gifts, grants paid.......	133,639			133,639
26	Total expenses and disbursements. Add lines 24 and 25 ................	212,707		47,841	160,866
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	270,622
b	Net investment income (if negative, enter -0-)			435,488
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	424,470	96,092	96,092
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,454,794	List of Attached Documents: // Content 821,949	1,040,912
	c	Investments—corporate bonds (attach schedule).......	665,373	List of Attached Documents: // Content 661,735	601,655
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	581,023	List of Attached Documents: // Content 1,816,506	1,969,293
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )			List of Attached Documents: // Content 8,865
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,125,660	3,396,282	3,716,817
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	4,852,675	4,852,675
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	-1,727,015	-1,456,393
	29	Total net assets or fund balances (see instructions).....	3,125,660	3,396,282
	30	Total liabilities and net assets/fund balances (see instructions).	3,125,660	3,396,282

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

3,125,660

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

270,622

Other increases not included in line 2 (itemize)

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

3,396,282

Decreases not included in line 2 (itemize)

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

3,396,282

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
1 a	PUBLICLY TRADED SECURITIES-SHORT TR	P
b	PUBLICLY TRADED SECURITIES-LONG TERM	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	504,727	502,040	2,687
b	1,225,283	886,785	338,498
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			2,687
b			338,498
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	348,308
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 .........................		3	2,687

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	6,053
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	6,053
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	6,053
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	3,000
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	7,400
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	10,400
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	4,347
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax4,347	Refunded	11
	For Refunded amount, also complete and attach Form 8050. See instructions.

Form 990-PF (2025)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

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

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

on foundation managers.$

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

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

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website addressN/A

The books are in care ofGEORGE CARBERRY Telephone no. (219) 769-1313

Located at9191 BROADWAYMERRILLVILLEIN ZIP+446410

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........

and enter the amount of tax-exempt interest received or accrued during the year ........

16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country

Form 990-PF (2025)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2025? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2025?....................

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

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine

if the foundation had excess business holdings in 2025.).....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..

Form 990-PF (2025)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

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

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
VIOLA ANN GAMMON BOTTERMAN	DIR/V.P. 1.00	3,000
106 ST ANDREWS SCHERERVILLE,IN46375	DIR/V.P. 1.00	3,000
JAMES A GAMMON III	DIR/PRES. 1.00	3,000
1055 VALE PARK ROAD VALPARAISO,IN46385	DIR/PRES. 1.00	3,000
GEORGE W CARBERRY	DIRECTOR/SEC 1.00	3,000
9191 BROADWAY MERRILLVILLE,IN46410	DIRECTOR/SEC 1.00	3,000

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

Form 990-PF (2025)

Page 7

Part VII

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

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

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3.........................

Form 990-PF (2025)

Page 8

Part IX

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

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

purposes:

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

3,393,393

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

275,096

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

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

3,668,489

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

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

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

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

3,668,489

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

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

55,027

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

3,613,462

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

180,673

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)

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

180,673

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

6,053

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

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

6,053

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

174,620

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

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

174,620

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

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

174,620

Part XI

Qualifying Distributions (see instructions)

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

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

160,866

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

160,866

Form 990-PF (2025)

Page 9

Part XII

Undistributed Income (see instructions)

	(c) 2024	(d) 2025
1 Distributable amount for 2025 from Part X, line 7		174,620
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......	133,639
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2025:
a From 2020......
b From 2021......
c From 2022......
d From 2023......
e From 2024......
f Total of lines 3a through e ........
4Qualifying distributions for 2025 from Part
XI, line 4: $ 160,866
a Applied to 2024, but not more than line 2a	133,639
b Applied to undistributed income of prior years (Election required—see instructions) .....
c Treated as distributions out of corpus (Election required—see instructions) ........
d Applied to 2025 distributable amount.....		27,227
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2025.
(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
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2024. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2025. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2026 ..........		147,393
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2020 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2021 ....
b Excess from 2022 ....
c Excess from 2023 ....
d Excess from 2024 ....
e Excess from 2025 ....

Form 990-PF (2025)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2025	(b) 2024	(c) 2023	(d) 2022	(e) Total

b 85% (0.85) of line 2a .......
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, 3b, or 3c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2025)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN HEART ASSOCIATION 7272 GREENVILLE AVE DALLAS,TX75231	N/A		MEDICAL RESEARCH	4,000
BREAKTHROUGH T1D PO BOX 5021 HAGERSTOWN,MD217415021	N/A		MEDICAL RESEARCH & EDUCATION	43,139
CRU FOUNDATION PO BOX 628222 ORLANDO,FL32862	N/A		MINISTRY RESOURCE & EDUCATION	20,000
FAMILY OUTREACH MINISTRIES 753 N CALUMET AVENUE VALPARAISO,IN46383	N/A		SOCIAL SERVICES	24,000
HOSPICE OF THE CALUMET AREA 600 SUPERIOR AVE MUNSTER,IN46321	N/A		SOCIAL SERVICES	5,000
RILEY'S CHILDREN FOUNDATION PO BOX 3356 INDIANAPOLIS,IN46206	N/A		CHILDHOOD MEDICAL RESEARCH & CARE	10,000
RONALD MCDONALD HOUSE CHARITIES 110 N CARPENTER ST CHICAGO,IL60607	N/A		CHILDHOOD MEDICAL SUPPORT & CARE	7,500
ST JUDE CHILDREN'S RESEARCH HOSPITAL 501 ST JUDE PLACE MEMPHIS,TN38105	N/A		RESEARCH AND CANCER TREATMENT	15,000
LA RABIDA CHILDREN'S HOSPITAL 6501 SOUTH PROMONTORY DR CHICAGO,IL60649	N/A		CHILDHOOD MEDICAL CARE	5,000
Total ................................. 3a				133,639

bApproved for future payment

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

Form 990-PF (2025)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	28,609
4 Dividends and interest from securities ....			14	106,412
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	348,308
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) ..				483,329

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

483,329

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2025)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2025)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2025 AccountingFeesSchedule

Name:

JAMES A GAMMON CHARITABLE FDN INC

% GEORGE CARBERRY

EIN:

62-1474246

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING AND TAX PREPARATION	7,090	2,363		4,727

- TIN:

TY 2025 InvestmentsCorpBondsSchedule

Name:

JAMES A GAMMON CHARITABLE FDN INC

% GEORGE CARBERRY

EIN:

62-1474246

Name of Bond	End of Year Book Value	End of Year Fair Market Value
50000 WELLS FARGO MED TERM 4.3%	50,655	50,202
50000 DOLLAR GEN CORP SR 4.150% 1101
45000 ORACLE CORP NOTE 5.375% 071540	52,817	40,381
45000 MONSANTO CO NEW SR NT 4.2%	45,290	40,291
45000 INTL BUS MACHS 5.6% 11302039	53,868	46,608
45000 GE CAP SVCS GTD SUB 7.50% 0821	58,047	54,329
40000 VERIZON COMM INC NOTE 6.55% 09	50,998	44,075
40000 QUALCOMM INC NOTE 4.80% 052045	41,385	36,704
40000 PACIFICORP 1ST MTG BOND	37,504	40,614
40000 MERRILL LYNCH CO SUB NOTE	39,461	40,089
40000 JPM CHASE SUB NOTE 5.625% 0816	46,158	41,192
40000 INTEL CORP SR NOTE 4.25% 12154	42,195	32,527
40000 GOLDMAN SACHS GRP SR 6.25% 020	49,037	43,911
40000 AT&T INC GLBL NOTE 5.55% 08154	43,836	39,839
50000 EDISON INTL SR NOTE CPN 5.75%	50,484	50,893

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

JAMES A GAMMON CHARITABLE FDN INC

% GEORGE CARBERRY

EIN:

62-1474246

Name of Stock	End of Year Book Value	End of Year Fair Market Value
45.484 S&P GLOBAL INC	18,175	23,769
36.952 MASTERCARD INC CL A	14,687	21,095
46.922 MOTOROLA SOLUTIONS INC	15,409	17,986
42.010 MICROSOFT CORP	14,651	20,317
56.822 HOME DEPOT INC	18,002	19,553
58.287 STRYKER CORP	13,656	20,486
190.405 GENERAL DYNAMICS CORP
61.185 VISA INC	14,388	21,458
83.533 ESSEX PROPERTY TRUST INC	19,867	21,859
96.376 T-MOBILE US INC	21,734	19,568
84.224 APPLE INC	14,090	22,897
71.356 JPMORGAN CHASE	10,572	22,992
106.539 MARSH & MCLENNAN COS INC	20,821	19,765
272.716 OLD DOMINION FREIGHT LINE
308.295 BOOZ ALLEN HAMILTON CORP
315.721 ZOETIS INC
63.236 BROADCOM INC	8,623	21,886
209.719 PEPSICO INC	33,626	30,099
174.229 PAYCHEX INC	21,306	19,545
154.916 AMERICAN WATER WORKS CO	19,847	20,217
199.737 EOG RESOURCES INC	24,657	20,975
164.201 ABBOTT LABORATORIES	16,436	20,573
223.559 EXXON MOBIL CORP	24,015	26,903
187.732 MORGAN STANLEY	20,246	33,328
245.936 PROLOGIS INC	26,334	31,396
154.254 TJX COS INC	14,342	23,695
599.933 COLGATE-PALMOLIVE CO
300.464 MEDTRONIC PLC	23,833	28,863
250.386 GILEAD SCIENCES INC	26,779	30,732
212.364 WALMART INC	16,756	23,659
721.960 NEXTERA ENERGY
243.746 NASDAQ INC	13,811	23,675
353.077 MONDELEZ INTERNATIONAL INC	22,847	19,006
101.958 CMS ENERGY CORP	5,732	7,130
300.000 CORNING INC	7,973	26,268
200.000 NVIDIA CORP	8,059	37,300
93.000 TAIWAN SEMICON MAN	8,018	28,262
60.000 UNITED PARCEL SERVICE
570 GLOBAL SHIP LEASE INC CL A	14,963	19,973
140 FORTINET INC	14,522	11,118
28 INTUITIVE SURGICAL INC	14,756	15,858
88.463 ALPHABET INC CL A	16,536	27,689
186.511 AMERICAN ELEC PWR CO INC	21,957	21,507
66.36 AMERICAN EXPRESS CO	16,746	24,550
18.357 AMERICA TOWER CORP NEW	3,287	3,223
46.025 BLACKSTONE INC	5,918	7,094
92.003 BROADRIDGE FINL SOL INC	21,262	20,533
49.085 CHEVRON CORP	7,454	7,481
109.851 CINTAS CORP	21,119	20,660
76.435 CITIGROUP INC	5,387	8,919
53.274 DTE ENERGY CO	6,414	6,871
26.207 ECOLAB INC	6,068	6,880
90.093 FEDEX CORP	19,628	26,024
69.975 IRON MOUNTAIN INC	6,705	5,804
134.176 KINDER MORGAN INC	3,563	3,689
301.500 KRAFT HEINZ CO	8,431	7,311
434.573 KROGER CO	28,254	27,152
39.355 PNC FINANCIAL SERV GRP INC	7,171	8,215
44.937 QUALCOMM INC	7,015	7,686
224.931 REALTY INCOME CORP	11,724	12,679
42.495 SIMON PROPERTY GROUP INC	7,554	7,866
65.176 WEC ENERGY GROUP INC	6,223	6,873

- TIN:

TY 2025 InvestmentsOtherSchedule2

Name:

JAMES A GAMMON CHARITABLE FDN INC

% GEORGE CARBERRY

EIN:

62-1474246

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
683.884 EVENTIDE GILEAD INSTL CL	AT COST	34,580	38,947
5408.708 ARES CAPITAL CORP	AT COST	94,065	109,418
5924.113 EVENTIDE LTD TERM BD CL I	AT COST	61,176	61,966
18724.319 ARES RE INC TR CL T	AT COST	151,128	149,693
3491.545 ARES INDUSTRIAL REIT INC	AT COST	50,000	45,714
13581.098 BLUE OWL CR INC CORP CL S	AT COST	129,477	126,847
439.738 VANGUARD HGH DIV YLD ETF	AT COST
1590.137 VIRTUS ALPHASIMPLEX MGD FUT	AT COST
75.000 VANGUARD RUSSELL 2000 GROWTH	AT COST	15,142	17,699
3507.722 JOHN HANCOCK ALT ASSET	AT COST	56,091	58,369
6035.815 EVENTIDE LTD TRM BD CL I	AT COST	61,778	63,135
147.131 BANCROFT FUND LTD	AT COST	2,637	3,252
1139.958 BLACKROCK ENHANCED INTL DIV	AT COST	6,073	6,703
206.224 XTRACKERS USD HGH Y CORP BD	AT COST	7,454	7,595
1155.664 EATON VANCE LTD DUR INC FD	AT COST	11,507	11,453
1815.573 EATON VANCE TAX MNGD GBL WR	AT COST	15,196	16,740
727.706 EATON VANCE TAX MNGD GBL DIV	AT COST	6,056	6,935
285.163 ELLSWORTH GRTH & INC FD	AT COST	2,759	3,316
264.990 FIRST TR DOW JONES GBL SEL	AT COST	5,934	8,021
1048.667 FRANKLIN SENIOR LOAN ETF	AT COST	24,953	24,560
633.044 GLOBAL X S&P 500 CVD	AT COST	26,289	25,721
1012.128 GLOBAL X US PREFERRED ETF	AT COST	19,549	19,139
4364.826 INVESCO S&P EM MKTS LOW VOL	AT COST	102,549	119,727
1166.611 INVESCO FDML INV GR CORP BD	AT COST	27,626	28,333
1198.424 INVESCO SENIOR LOAN ETF	AT COST	25,196	25,167
465.787 NUVEEN S&P 500 BUY WR INC FD	AT COST	6,489	6,847
566.936 NUVEEN DOW 30 DYN OVRWRT FD	AT COST	8,415	8,651
741.922 PROSHARES INVT GR INT RT HED	AT COST	58,095	58,184
254.343 STATE STREET SPDR PORT CORP	AT COST	7,231	7,462
489.557 STATE ST SPDR S&P 600 SM GRW	AT COST	43,055	46,111
599.701 STATE STREET SPDR IC PRE SEC	AT COST	19,625	19,005
522.721 STATE ST SPDR S&P 600 SM VAL	AT COST	43,188	47,552
107.019 STATE ST SPDR BLOOMBERG CONV	AT COST	8,337	9,546
973.915 STATE STREET SPDR PORT INTER	AT COST	31,819	32,928
4136.187 STATE STREET SPDR MORT BACK	AT COST	88,463	92,713
290.98 STATE STREET SPDR PORT AGG BD	AT COST	7,238	7,493
1303.463 STATE ST SPDR BLMBRG ST HY	AT COST	32,937	33,004
320.382 SCHWAB US AGG BD ETF	AT COST	7,420	7,487
3195.264 SCHWAB INTERMED TRM US TREA	AT COST	78,094	80,137
1497.533 SCHWAB SHORT TRM US TREAS	AT COST	36,140	36,495
159.187 STATE STREET RE SEL SEC	AT COST	6,253	6,423
786.695 VANECK FALLEN ANGEL HGH Y	AT COST	22,546	23,101
180.939 VANGUARD INTERMED TRM BD	AT COST	13,430	14,092
100.696 VANGUARD TOTAL BD MKT ETF	AT COST	7,206	7,459
4130.892 VANGUARD INTL HGH DIV Y IND	AT COST	281,058	371,780
288.828 VANGUARD SHORT TRM CORP BD	AT COST	22,525	23,028
575.771 VANGUARD LONG TRM TREAS	AT COST	31,384	32,128
90.006 VANGUARD INTERMED TRM CORP BD	AT COST	7,175	7,538
509.102 ALLSPRING ADV MULTI SEC INC	AT COST	4,882	4,735
653.215 WESTERN ASSET EMERG MKT DEBT	AT COST	6,286	6,944

- TIN:

TY 2025 OtherAssetsSchedule

Name:

JAMES A GAMMON CHARITABLE FDN INC

% GEORGE CARBERRY

EIN:

62-1474246

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INTEREST			8,865

- TIN:

TY 2025 OtherExpensesSchedule

Name:

JAMES A GAMMON CHARITABLE FDN INC

% GEORGE CARBERRY

EIN:

62-1474246

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
EXPENSES
FILE STORAGE & SEC. FEES	30,000	16,500	13,500
INVESTMENT MANAGEMENT FEES	25,352	25,352

- TIN:

TY 2025 OtherProfessionalFeesSchedule

Name:

JAMES A GAMMON CHARITABLE FDN INC

% GEORGE CARBERRY

EIN:

62-1474246

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT PLANNING SERVICES	2,000	2,000

- TIN:

TY 2025 TaxesSchedule

Name:

JAMES A GAMMON CHARITABLE FDN INC

% GEORGE CARBERRY

EIN:

62-1474246

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX PAID	1,626	1,626
EXCISE TAX ON INVESTMENT INCOME	4,000