TY 2025 Form 990PF

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.............	262,659	340,369	340,369
	2	Savings and temporary cash investments.........	848,562	1,186,781	1,186,781
	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).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,111,221	1,527,150	1,527,150
	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...........	1,111,221	1,527,150
	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).....	1,111,221	1,527,150
	30	Total liabilities and net assets/fund balances (see instructions).	1,111,221	1,527,150

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
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

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	631
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	631
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	631
6	Credits/Payments:

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

7	Total credits and payments. Add lines 6a through 6d..............	7
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content	8	24
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9	655
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax	Refunded	11
	For Refunded amount, also complete and attach Form 8050. 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
JANE B ARNOLD	PRESIDENT 000.00	0	0	0
PO BOX 1040 SALISBURY,NC28145
MARGARET R BRADY	VICE PRESIDE 000.00	0	0	0
PO BOX 1040 SALISBURY,NC28145
BURL H BRADY	SECRETARY/TR 000.00	0	0	0
PO BOX 1040 SALISBURY,NC28145
ARTHUR L HATTAWAY JR	ASSISTANT SE 000.00	0	0	0
PO BOX 1040 SALISBURY,NC28145

		(a) Corpus	(d) 2025
1 Distributable amount for 2025 from Part X, line 7			73,509
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2025:
a From 2020......	156,823
b From 2021......	147,187
c From 2022......	152,518
d From 2023......	252,322
e From 2024......	146,647
f Total of lines 3a through e ........		855,497
4Qualifying distributions for 2025 from Part
XI, line 4: $ 307,800
a Applied to 2024, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions) .....
c Treated as distributions out of corpus (Election required—see instructions) ........
d Applied to 2025 distributable amount.....			73,509
e Remaining amount distributed out of corpus		234,291
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		1,089,788
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2024. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2025. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2026 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2020 not applied on line 5 or line 7 (see instructions) ...		156,823
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......		932,965
10 Analysis of line 9:
a Excess from 2021 ....	147,187
b Excess from 2022 ....	152,518
c Excess from 2023 ....	252,322
d Excess from 2024 ....	146,647
e Excess from 2025 ....	234,291

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
ALZHEIMER'S ASSOCIATION 225 N MICHIGAN AVE 17TH FLOOR CHICAGO,IL60601			CHARITABLE USE	300
AMERICAN ALPINE CLUB 710 TENTH STREET SUITE 100 GOLDEN,CO80401			CHARITABLE USE	150
AMERICAN RED CROSS 431 18TH STREET NW WASHINGTON,DC20006			CHARITABLE USE	1,000
APPALACHIAN REGIONAL HEALTHCARE FOUNDATION 336 DEERFIELD ROAD BOONE,NC28607			CHARITABLE USE	1,000
ARBOR DAY FOUNDATION 211 N 12TH ST STE 501 LINCOLN,NE68508			CHARITABLE USE	100
ASPEN CENTER FOR ENVIRONMENTAL STUD 100 PUPPY SMITH ST ASPEN,CO81611			CHARITABLE USE	150
ASPEN COMMUNITY SCHOOL PO BOX 336 WOODY CREEK,CO81656			CHARITABLE USE	150
ASPEN EDUCATION FOUNDATION PO BOX 2200 ASPEN,CO81612			CHARITABLE USE	500
ASPEN HISTORICAL SOCIETY 620 W BLEEKER STREET ASPEN,CO81611			CHARITABLE USE	150
ASPEN PUBLIC RADIO 110 E HALLAMAN ST 134 ASPEN,CO81611			CHARITABLE USE	150
ASPEN SNOWMASS NORDIC COUNCIL PO BOX 10815 ASPEN,CO81612			CHARITABLE USE	150
ASPEN THRIFT SHOP 422 E HOPKINS AVE ASPEN,CO81611			CHARITABLE USE	150
ASPEN VALLEY COMMUNITY FOUNDATION 455 GOLD RIVERS COURT SUITE 515 BASALT,CO81621			CHARITABLE USE	200
ASPEN VALLEY SKI CLUB 300 AVSC DRIVE ASPEN,CO81611			CHARITABLE USE	150
ASPEN WORDS 110 E HALLAM STREET SUITE NO 116 ASPEN,CO81611			CHARITABLE USE	150
AUSTIN PETS ALIVE PO BOX 6247 AUSTIN,TX78762			CHARITABLE USE	5,000
BELOVED ASHEVILLE PO BOX 6386 ASHEVILLE,NC28816			CHARITABLE USE	1,000
BETHEL CHURCH 12700 IDLEBROOK ROD MIDLAND,NC28107			CHARITABLE USE	1,000
BLACK MOUNTAIN HOME FOR CHILDREN 80 LAKE EDEN RD BLACK MOUNTAIN,NC28711			CHARITABLE USE	1,000
BOUNTY AND SOUL 999 OLD US HWY 70 W BLACK MOUNTAIN,NC28711			CHARITABLE USE	1,000
BREAKTHROUGH T1D 200 VESEY STREET 28TH FLOOR NEW YORK,NY10281			CHARITABLE USE	1,000
BRENNAN CENTER FOR JUSTICE 120 BROADWAY SUITE 1750 NEW YORK,NY10271			CHARITABLE USE	150
CAPITAL AREA FOOD BANK 4900 PUERTO RICO AVE NE WASHINGTON,DC20017			CHARITABLE USE	2,000
CARBONDALE ARTS 76 S 4TH STREET CARBONDALE,CO81623			CHARITABLE USE	150
CAROLINA RESOURCE CENTER FOR EATING DISORDERS 50 S FRENCH BROAD AVE NO 250 ASHEVILLE,NC28801			CHARITABLE USE	950
CATAWBA COLLEGE 2300 W INNES ST SALISBURY,NC28144			CHARITABLE USE	10,000
CENTER FOR SCIENCE AND THE PUBLIC INTEREST 1220 L ST NW STE 300 WASHINGTON,DC20005			CHARITABLE USE	500
CENTRAL BAPTIST CHURCH P O BOX 122 NEWMAN,GA30264			CHARITABLE USE	200
CITIZENS CLIMATE LOBBY PO BOX 181020 CORONADO,CA92178			CHARITABLE USE	150
CITY DOGS AND CITY KITTIES RESCUE 1812 1/2 11TH ST NW WASHINGTON,DC20001			CHARITABLE USE	2,500
COAST GUARD FOUNDATION 394 TAUGWONK ROAD STONINGTON,CT06378			CHARITABLE USE	1,500
COAST GUARD MUSEUM 78 HOWARD STREET A NEW LONDON,CT06320			CHARITABLE USE	1,000
COMMEMORATIVE AIR FORCE MISSOURI WING PO BOX 764769 DALLAS,TX75376			CHARITABLE USE	100
COMMUNITY CARE CLINIC OF ROWAN COUN 315 MOCKSVILLE AVE SUITE G SALISBURY,NC28144			CHARITABLE USE	2,000
COMMUNITY MEDICAL CLINIC OF KERSHAW COUNTY 110 E DEKALB STREET C CAMDEN,SC29020			CHARITABLE USE	1,000
COMMUNITY OF HOPE 4 ATLANTIC ST SW WASHINGTON,DC20032			CHARITABLE USE	500
CONGRESSIONAL COUNTRY CLUB FOUNDATION 8500 RIVER RD BETHESDA,MD20817			CHARITABLE USE	1,000
CONSERVATION COLORADO 1536 WYNKOOP ST STE 510 DENVER,CO80202			CHARITABLE USE	200
CONSUMER'S CHECKBOOK 1625 K STREET NW 8TH FLOOR WASHINGTON,DC20006			CHARITABLE USE	500
CORE 111 ASPEN AIRPORT BUSINES CENTER M ASPEN,CO81611			CHARITABLE USE	150
DESERT COMMUNITY FOUNDATION 75105 MERLE DR NO 300 PALM DESERT,CA92211			CHARITABLE USE	500
DUKE CANCER CENTER 20 DUKE MEDICINE CIRCLE DURHAM,NC27710			CHARITABLE USE	1,000
DUKE UNIVERSITY BOX 90581 DURHAM,NC277080581			CHARITABLE USE	6,500
ENGLISH IN ACTION PO BOX 4856 BASALT,CO81621			CHARITABLE USE	150
EQUAL JUSTICE INITIATIVE 122 COMMERCE STREET MONTGOMERY,AL36104			CHARITABLE USE	150
FIRST PRESBYTERIAN CHURCH 308 W FISHER ST SALISBURY,NC28144			CHARITABLE USE	8,000
FIVE POINT FILM 567 COLORADO AVENUE CARBONDALE,CO81623			CHARITABLE USE	150
FOSTERING FOSTER 1718 KENNEDY DRIVE CAMDEN,SC29020			CHARITABLE USE	500
FRANK & KAY GOLF CLASSIC PO BOX 309 BOONE,NC28607			CHARITABLE USE	1,000
FRIENDS OF THE CAMDEN ARCHIVE AND MUSEUM 1314 BROAD STREET CAMDEN,SC29020			CHARITABLE USE	100
GEORGE WASHINGTON UNIVERSITY LAW SCHOOL 2000 H STREET NW WASHINGTON,DC20052			CHARITABLE USE	1,500
GLOBAL DEVELOPMENT GROUP USA 475 WOODVILLE RD MITCHELL,IN47446			CHARITABLE USE	5,000
GRACE EPISCOPAL CHURCH 1315 LYTTLETON STREET CAMDEN,SC29020			CHARITABLE USE	200
GRAND MESA NORDIC COUNCIL PO BOX 4034 GRAND JUNCTION,CO81502			CHARITABLE USE	150
GULF COAST PRIMATE SANCTUARY 70 INDA ROAD PERKINSTON,MS39573			CHARITABLE USE	10,000
HARVARD UNIVERSITY BUSINESS SCHOOL 124 MOUNT AUBURN STREET CAMBRIDGE,MA02138			CHARITABLE USE	1,000
HIGH COUNTRY BREAST CANCER FOUNDATI 328 SHULLS MILL RD BOONE,NC28607			CHARITABLE USE	3,000
HISTORIC CAMDEN FOUNDATION PO BOX 710 CAMDEN,SC29021			CHARITABLE USE	61,300
HOLLINS UNIVERSITY PO BOX 9629 ROANOKE,VA240201629			CHARITABLE USE	5,000
HOPEWAY 171 SHARON RD W CHARLOTTE,NC28210			CHARITABLE USE	100
INDEPENDENCE PASS FOUNDATION 2631 DOLORES WAY CARBONDALE,CO81623			CHARITABLE USE	200
JORDAN RIVER FOUNDATION 1634 I STREET NW WASHINGTON,DC20006			CHARITABLE USE	2,500
KDNK COMMUNITY RADIO 76 SOUTH SECOND STREET CARBONDALE,CO81623			CHARITABLE USE	150
KERSHAW COUNTY HUMANE SOCIETY 128 BLACK RIVER ROAD CAMDEN,SC29020			CHARITABLE USE	500
LIBERTY HILL CIVIC & IMPROVEMENT ASSOCIATION PO BOX 183 LIBERTY HILL,SC29074			CHARITABLE USE	1,000
LIFE RING FOUNDATION 2727 FRANKLIN RD ROANOKE,VA24014			CHARITABLE USE	700
LIFT UP 800 RAILROAD AVENUE RIFLE,CO81650			CHARITABLE USE	150
LINVILLE FOUNDATION INC PO BOX 218 LINVILLE,NC28646			CHARITABLE USE	2,500
LUCKY DAY ANIMAL RESCUE PO BOX 8856 ASPEN,CO81611			CHARITABLE USE	200
MAKE A CHANGE WORLD INC 39 WALKER STREET 3R NEW YORK,NY10013			CHARITABLE USE	5,000
MARTHA'S TABLE 2375 ELVANS ROAD SE WASHINGTON,DC20020			CHARITABLE USE	2,000
MD ANDERSON CANCER CENTER PO BOX 4486 HOUSTON,TX772104486			CHARITABLE USE	1,500
MEALS ON WHEELS 146 VICTORIA RD ASHEVILLE,NC28801			CHARITABLE USE	3,000
MEYER CENTER FOR SPECIAL CHILDREN 1132 RUTHERFORD RD GREENVILLE,SC29609			CHARITABLE USE	200
MIT SLOAN SCHOOL ANNUAL FUND 600 MEMORIAL DRIVE W98-30 CAMBRIDGE,MA02139			CHARITABLE USE	1,500
MOUNT SOPRIS HISTORICAL SOCIETY PO BOX 2 CARBONDALE,CO81623			CHARITABLE USE	50,000
MOUNTAIN RESCUE ASPEN 37925 CO-82 ASPEN,CO81611			CHARITABLE USE	150
MT SOPRIS NORDIC COUNCIL PO BOX 246 CARBONDALE,CO81623			CHARITABLE USE	150
NAACP LEGAL DEFENSE FUND 40 RECTOR STREET 5TH FLOO NEW YORK,NY10006			CHARITABLE USE	150
NATIONAL CATHEDRAL SCHOOL MOUNT SAINT ALBAN WASHINGTON,DC20016			CHARITABLE USE	4,000
NATIONAL LINKS TRUST POBOX42097 WASHINGTON,DC20015			CHARITABLE USE	1,250
NATIONAL PRESBYTERIAN SCHOOL 4121 NEBRASKA AVE NW WASHINGTON,DC200162735			CHARITABLE USE	2,000
NATURAL RESOURCES DEFENSE COUNCIL 40 WEST 20TH STREET 11TH FLOOR NEW YORK,NY10011			CHARITABLE USE	150
PBS 1225 S CLARK STREET ARLINGTON,VA22202			CHARITABLE USE	7,500
PITKIN COUNTY LIBRARY 120 N MILL STREET ASPEN,CO81611			CHARITABLE USE	150
PLANNED PARENTHOOD OF THE ROCKY MOUNTAINS 7155 E 38TH AVE DENVER,CO80207			CHARITABLE USE	150
PRESBYTERIAN EAR INSTITUTE 415 CEDAR ST SE ALBUQUERQUE,NM87106			CHARITABLE USE	1,750
PROTECT OUR WINTERS 4676 BROADWAY STREET BOULDER,CO80304			CHARITABLE USE	200
RADIO LAB PO BOX 1550 NEW YORK,NY10116			CHARITABLE USE	150
REGROUP WNC FUND 2300 TATTERSALL DRIVE CHARLOTTE,NC28219			CHARITABLE USE	28,500
ROARING FORK CONSERVANCY 22800 TWO RIVERS RD BASALT,CO81621			CHARITABLE USE	150
ROARING FORK MOUNTAIN BIKE ASSOCIAT 22800 TWO RIVERS RD BASALT,CO81621			CHARITABLE USE	150
ROARING FORK OUTDOOR VOLUNTEERS 214 MIDLAND AVE BASALT,CO81621			CHARITABLE USE	150
ROCKY MOUNTAIN INSTITUTE 2490 JUNCTION PLACE SUITE 200 BOULDER,CO80301			CHARITABLE USE	150
ROWAN HELPING MINISTRIES 226 N LONG ST SALISBURY,NC28144			CHARITABLE USE	2,000
SCARLET OAK FARMS 6059 GUM SWAMP RD AYDEN,NC28513			CHARITABLE USE	4,000
SOUTHERN POVERTY LAW CENTER 400 WASHINGTON AVENUE MONTGOMERY,AL36104			CHARITABLE USE	150
THE ACCESS FUND PO BOX 17010 BOULDER,CO80308			CHARITABLE USE	150
THE ART BASE 99 MIDLAND AVENUE BASALT,CO81621			CHARITABLE USE	150
THE ARTS CAMPUS AT WILLITS 400 ROBINSON ST BASALT,CO81621			CHARITABLE USE	150
THE BRIDGE BETWEEN ANIMAL RESCUE 1149 KANAWHA CT FORT MILLS,SC29715			CHARITABLE USE	2,000
THE FIELD SCHOOL 2301 FOX HALL RD NW WASHINGTON,DC20007			CHARITABLE USE	1,000
THE MOTH 6520 PINECASTLE BLVD ORLANDO,FL32809			CHARITABLE USE	150
THE NATIONAL STEEPLE CHASE MUSEUM 200 KNIGHTS HILL RD CAMDEN,SC29020			CHARITABLE USE	5,000
THE PROJECT SHOP 525 BUGGY CIRCLE UNIT C CARBONDALE,CO81623			CHARITABLE USE	150
THE SALVATION ARMY 521 JAKE ALEXANDER BLVD W SALISBURY,NC28147			CHARITABLE USE	100
THE SHEPHERD SPINAL CENTER 2020 PEACHTREE RD NW ATLANTA,GA30309			CHARITABLE USE	100
THIS AMERICAN LIFE 100 N 6TH ST MINNEAPOLIS,MN55403			CHARITABLE USE	150
THOROUGHBRED RETIREMENT FOUNDATION PO BOX 834 SARATOGA SPRINGS,NY12866			CHARITABLE USE	1,000
TINY NEWS COLLECTIVE 1500 CHESTNUT ST SUITE 2113 PHILADELPHIA,PA19102			CHARITABLE USE	150
TURQUOISE MOUNTAIN FOUNDATION US 1634 I STREET NW 1025 WASHINGTON,DC20006			CHARITABLE USE	2,500
US COAST GUARD ACADEMY ALUMNI ASSOCIATION 47 MOHEGAN AVE NEW LONDON,CT063208111			CHARITABLE USE	3,500
UNITED WAY ASHEVILLE 50 S FRENCH BROAD AVE ASHEVILLE,NC28801			CHARITABLE USE	1,000
WAMU 4400 MASSCHUSETTS WASHINGTON,DC200168082			CHARITABLE USE	500
WETA 3939 CAMPBELL AVE ARLINGTON,VA22206			CHARITABLE USE	7,500
WILDERNESS WORKSHOP 520 SOUTH 3RD STREET CARBONDALE,CO81623			CHARITABLE USE	150
WING HAVEN 248 RIDGEWOOD AVENUE CHARLOTTE,NC28209			CHARITABLE USE	1,000
WOODBERRY FOREST SCHOOL 898 WOODBERRY FOREST RD WOODBERRY FOREST,VA22989			CHARITABLE USE	5,000
WORLD CENTRAL KITCHEN 655 NEW YORK AVE NW 6TH FLOOR WASHINGTON,DC20001			CHARITABLE USE	8,000
Total ................................. 3a				307,800

	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)	678,877
2	Check .................
3	Interest on savings and temporary cash investments	45,401		45,401
4	Dividends and interest from securities...
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10
b	Gross sales price for all assets on line 6a
7	Capital gain net income (from Part IV, line 2)...
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........	724,278		45,401
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	549
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	549		0	0
25	Contributions, gifts, grants paid.......	307,800			307,800
26	Total expenses and disbursements. Add lines 24 and 25 ................	308,349		0	307,800
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	415,929
b	Net investment income (if negative, enter -0-)			45,401
c	Adjusted net income (if negative, enter -0-)...

(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.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
b
c
d
e

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


(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...................

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

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

bApproved for future payment

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

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	45,401
4 Dividends and interest from securities ....
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 ............
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) ..				45,401

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.

Name of organization BRADY FOUNDATION

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	AGGREGATE RESOURCES PO BOX 1040 SALISBURY, NC28145	$ 22,834	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	B V HEDRICK GRAVEL SAND COMPANY IN PO BOX 1040 SALISBURY, NC28145	$ 389,218	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
3	CUMBERLAND GRAVEL SAND CO PO BOX 1040 SALISBURY, NC28145	$ 155,612	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
4	MATERIAL SALES COMPANY PO BOX 1040 SALISBURY, NC28145	$ 85,098	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
5	SOUTHERN CONCRETE MATERIALS PO BOX 1040 SALISBURY, NC28145	$ 26,115	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)

Name of organization BRADY FOUNDATION		Employer identification number 58-1705736

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (Rev. 1-2025)


Name of organization BRADY FOUNDATION			Employer identification number 58-1705736
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

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