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
BEER PAUL TW

Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 505 MAC H0006-092
Room/suite

City or town
SAINT LOUIS

State or province
MO

Country

ZIP or foreign postal code
63166

A Employer identification number

42-6215149

B Telephone number (see instructions)

8887304933

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)$18,317,961J 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	(c) Adjusted net 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
4	Dividends and interest from securities...	614,999		547,635
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		80,990
b	Gross sales price for all assets on line 6a 5,061,465
7	Capital gain net income (from Part IV, line 2)...			80,990
8	Net short-term capital gain.........				0
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........	695,989		628,625
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	9,970	0	0	9,970
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	1,786	0	0	1,786
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	3,350	2,249		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	231	161		70
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	15,337		2,410	0	11,826
25	Contributions, gifts, grants paid.......	783,454				783,454
26	Total expenses and disbursements. Add lines 24 and 25 ................	798,791		2,410	0	795,280
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-102,802
b	Net investment income (if negative, enter -0-)			626,215
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2025)

Form 990-PF (2025)

Page 2

Part II		Balance Sheets	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.............	11
	2	Savings and temporary cash investments.........	760,332	1,051,086	1,051,086
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)		List of Attached Documents: // Content 109,663	95,908
	b	Investments—corporate stock (attach schedule).......	2,259,160	List of Attached Documents: // Content 1,616,673	3,858,297
	c	Investments—corporate bonds (attach schedule).......	2,424,794	List of Attached Documents: // Content 2,690,877	2,731,003
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	9,444,991	List of Attached Documents: // Content 9,299,452	10,581,667
	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)	14,889,288	14,767,751	18,317,961
	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........	14,889,288	14,767,751
	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).....	14,889,288	14,767,751
	30	Total liabilities and net assets/fund balances (see instructions).	14,889,288	14,767,751

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) ...............

14,889,288

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

-102,802

Other increases not included in line 2 (itemize) Click to see attachment

List of Attached Documents:

// Content

3,840

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

14,790,326

Decreases not included in line 2 (itemize) Click to see attachment

List of Attached Documents:

// Content

22,575

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

14,767,751

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	125000. FED NATL MTG ASSN 1.625% 1/07/25		2020-05-21	2025-01-07
b	33. COOPER COS INC/THE		2024-09-25	2025-01-08
c	107. WEYERHAEUSER CO		2024-09-25	2025-01-08
d	320.088 BLACKROCK CRED REL VLU FND-K 1940		2024-11-18	2025-01-27
e	1144.046 NEUBERGER BERMAN LONG SH-INS #1830		2024-11-18	2025-01-27
	975. VANGUARD FTSE DEVELOPED ETF		2024-11-18	2025-01-27
	9415. VANGUARD FTSE DEVELOPED ETF		2023-05-12	2025-01-27
	305. INTEL CORP			2025-02-10
	63. ARCHER DANIELS MIDLAND CO		2024-03-06	2025-03-18
	14. CONSTELLATION BRANDS INC		2024-07-31	2025-03-18
	91. HP INC		2024-07-31	2025-03-18
	4. INTUITIVE SURGICAL INC		2025-01-29	2025-03-18
	27. NETAPP INC		2024-07-31	2025-03-18
	16. OLD DOMINION FREIGHT LINES INC		2024-07-31	2025-03-18
	50. ON SEMICONDUCTOR CORP		2024-04-10	2025-03-18
	21. PPG INDUSTRIES INC		2023-10-17	2025-03-18
	25. T ROWE PRICE GROUP INC		2023-09-13	2025-03-18
	9. WEST PHARMACEUTICAL SVCS INC		2023-02-02	2025-03-18
	55. WESTERN DIGITAL CORP		2024-09-25	2025-03-18
	12505. INVESCO OPTIMUM YIELD DIVERSIF ETF			2025-03-19
	65600. INVESCO OPTIMUM YIELD DIVERSIF ETF			2025-03-19
	.3333 SANDISK CORP/DE		2024-09-25	2025-03-28
	79775.41 PIMCO EMERG MKTS BD-INST 137			2025-04-15
	124287.274 VANGUARD HIGH YIELD CORP-ADM 529			2025-04-16
	36. MICRON TECHNOLOGY INC		2024-07-31	2025-05-05
	96. NIKE INC CL B		2024-12-23	2025-05-05
	18. SANDISK CORP/DE		2024-09-25	2025-05-05
	14. TESLA INC			2025-05-05
	53. UNITED PARCEL SERVICE-CL B		2024-06-20	2025-05-05
	100000. US TREASURY NOTE 2.375% 5/15/27		2022-04-22	2025-05-09
	.653 CAPITAL ONE FINANCIAL CORP		2023-02-17	2025-05-29
	34. APOLLO GLOBAL MANAGEMENT INC		2025-01-08	2025-06-18
	21. APPLE INC		2025-02-10	2025-06-18
	22. PEPSICO INC		2024-10-31	2025-06-18
	9. PEPSICO INC		2023-02-02	2025-06-18
	9. REGENERON PHARMACEUTICALS INC		2023-02-02	2025-06-18
	114. SCHLUMBERGER LTD		2023-02-02	2025-06-18
	7. UNITEDHEALTH GROUP INC		2024-09-25	2025-06-18
	6. UNITEDHEALTH GROUP INC		2009-12-23	2025-06-18
	.1559 AMENTUM HOLDINGS INC		2023-02-02	2025-07-14
	12. ANSYS INC		2024-09-25	2025-07-18
	40000. JPMORGAN CHASE & CO 2.950% 10/01/26		2024-09-25	2025-07-25
	1. AMENTUM HOLDINGS INC		2023-02-02	2025-07-28
	20. ELEVANCE HEALTH INC		2023-02-02	2025-07-28
	23. BECTON DICKINSON & CO		2023-02-02	2025-07-28
	62. CENTENE CORP DEL		2024-12-23	2025-07-28
	97. DOW INC		2025-01-29	2025-07-28
	62. FORTIVE CORP		2023-02-02	2025-07-28
	4. SYNOPSYS INC COM		2025-07-18	2025-07-28
	33. TERADYNE INC		2025-01-29	2025-07-28
	10. WATERS CORP		2025-01-29	2025-07-28
	.45 CHEVRON CORP		2023-02-02	2025-07-31
	.079 SYNOPSYS INC COM		2025-07-18	2025-08-15
	21030. ABRDN BLOOMBERG ALL COMMODIT ETF		2025-03-19	2025-08-20
	6. ADOBE SYS INC		2025-01-29	2025-08-20
	33. ADOBE SYS INC			2025-08-20
	40. ADVANCED MICRO DEVICES INC			2025-08-20
	35. AIRBNB INC		2023-10-17	2025-08-20
	18. AIR PRODS & CHEMS INC COM		2024-07-31	2025-08-20
	21. ALPHABET INC CL C		2025-01-29	2025-08-20
	20. ALPHABET INC CL C		2016-05-27	2025-08-20
	39. ALPHABET INC CL A			2025-08-20
	26. ALPHABET INC CL A		2024-03-06	2025-08-20
	72. AMAZON COM INC COM			2025-08-20
	41. AMAZON COM INC COM		2024-07-31	2025-08-20
	35. AMERICAN TOWER CORP		2024-07-25	2025-08-20
	40. ANALOG DEVICES INC		2023-02-02	2025-08-20
	101. APPLE INC			2025-08-20
	19. APPLE INC		2024-07-31	2025-08-20
	24. APPLIED MATERIALS INC		2025-01-29	2025-08-20
	7. APPLIED MATERIALS INC		2023-02-02	2025-08-20
	37. ARISTA NETWORKS INC		2025-01-29	2025-08-20
	84. BAKER HUGHES CO		2024-07-31	2025-08-20
	86. BANK OF AMERICA CORP		2025-01-29	2025-08-20
	221. BANK OF AMERICA CORP		2023-02-02	2025-08-20
	19. BERKSHIRE HATHAWAY INC.			2025-08-20
	5455.508 BLACKROCK CRED REL VLU FND-K 1940		2024-11-18	2025-08-20
	178. BRISTOL MYERS SQUIBB CO		2024-01-30	2025-08-20
	22. BROADCOM INC		2025-01-29	2025-08-20
	38. BROADCOM INC		2024-07-31	2025-08-20
	38. BROWN & BROWN INC		2025-01-29	2025-08-20
	21. CDW CORP/DE		2025-01-29	2025-08-20
	24. CIGNA GROUP/THE		2023-02-02	2025-08-20
	158. CSX CORP		2023-02-02	2025-08-20
	144. CARNIVAL CORP		2025-01-29	2025-08-20
	132. CHEVRON CORP			2025-08-20
	108. COCA COLA CO			2025-08-20
	291. COCA COLA CO			2025-08-20
	345. COMCAST CORP CLASS A		2023-02-02	2025-08-20
	100. CONOCOPHILLIPS		2023-02-02	2025-08-20
	45. CONSOLIDATED EDISON INC		2023-02-02	2025-08-20
	21. CONSTELLATION BRANDS INC		2025-05-05	2025-08-20
	11. CONSTELLATION ENERGY CORP		2025-01-29	2025-08-20
	11. CORPAY INC		2025-01-29	2025-08-20
	4. COSTCO WHOLESALE CORP		2024-09-25	2025-08-20
	34. CROWN CASTLE INC		2023-10-17	2025-08-20
	53. DANAHER CORP			2025-08-20
	22. DEERE & CO		2023-02-02	2025-08-20
	31. DELL TECHNOLOGIES -C		2024-09-25	2025-08-20
	115. DEVON ENERGY CORPORATION		2025-01-29	2025-08-20
	29. WALT DISNEY CO		2022-06-24	2025-08-20
	28. DOVER CORP COM		2023-02-02	2025-08-20
	63. DUKE ENERGY HOLDING CORP. COM		2023-02-02	2025-08-20
	47. EOG RESOURCES, INC		2023-02-02	2025-08-20
	3. EQUINIX INC		2025-01-29	2025-08-20
	7. EQUINIX INC		2024-06-20	2025-08-20
	67. EQUITY RESIDENTIAL PPTYS TR SH BEN		2023-02-02	2025-08-20
	58. EVERSOURCE ENERGY COM		2024-01-30	2025-08-20
	87. EXELON CORPORATION		2024-07-31	2025-08-20
	43.851 EXXON MOBIL CORPORATION			2025-08-20
	272.149 EXXON MOBIL CORPORATION		2023-02-02	2025-08-20
	3. META PLATFORMS INC		2025-03-18	2025-08-20
	12. META PLATFORMS INC		2024-07-31	2025-08-20
	15. FEDEX CORPORATION		2023-02-02	2025-08-20
	95. FIFTH THIRD BANCORP		2024-03-06	2025-08-20
	83. FIRSTENERGY CORP COM		2024-09-25	2025-08-20
	126. FREEPORT-MCMORAN INC.			2025-08-20
	61. GE HEALTHCARE TECHNOLOGIES INC		2023-02-02	2025-08-20
	23. GODADDY INC		2024-09-25	2025-08-20
	179. HEWLETT PACKARD ENTERPRISE CO		2023-11-01	2025-08-20
	9. HOME DEPOT INC		2024-10-31	2025-08-20
	55. HONEYWELL INTERNATIONAL INC		2023-02-02	2025-08-20
	9. HUBBELL INCORPORATED		2024-09-25	2025-08-20
	228. HUNTINGTON BANCSHARES INC		2024-08-29	2025-08-20
	21. ILLINOIS TOOL WORKS INC		2023-02-02	2025-08-20
	146. INTEL CORP		2025-03-18	2025-08-20
	5. INTUIT COM		2024-09-25	2025-08-20
	20. IQVIA HOLDINGS INC		2025-01-29	2025-08-20
	41. IRON MOUNTAIN INC		2025-01-29	2025-08-20
	18. JPMORGAN CHASE & CO		2025-01-29	2025-08-20
	2. JOHNSON & JOHNSON		2025-03-18	2025-08-20
	179. JOHNSON & JOHNSON			2025-08-20
	51. KKR & CO INC -A		2024-07-31	2025-08-20
	46. KELLOGG CO		2025-05-05	2025-08-20
	199. KENVUE INC			2025-08-20
	120. KEURIG DR PEPPER INC		2025-06-18	2025-08-20
	91. KEURIG DR PEPPER INC		2023-11-01	2025-08-20
	50. LAM RESH CORP		2024-09-25	2025-08-20
	70. LAM RESH CORP		2022-02-24	2025-08-20
	7. LENNOX INTERNATIONAL INC		2025-01-29	2025-08-20
	13. ELI LILLY & CO COM		2023-11-01	2025-08-20
	19. LOCKHEED MARTIN CORP		2023-02-02	2025-08-20
	49. LOWES COS INC		2023-02-02	2025-08-20
	6. MSCI INC		2024-07-31	2025-08-20
	18. MARSH & MCLENNAN COS INC		2024-12-23	2025-08-20
	6. MARSH & MCLENNAN COS INC		2023-02-02	2025-08-20
	48. MCCORMICK & CO INC NON VTG		2024-10-31	2025-08-20
	41. MCDONALDS CORP		2023-02-02	2025-08-20
	39. MERCK & CO INC NEW			2025-08-20
	9. MICROSOFT CORP		2025-01-29	2025-08-20
	36. MICROSOFT CORP			2025-08-20
	71. MICROCHIP TECHNOLOGY INC COM		2025-01-29	2025-08-20
	107. MONDELEZ INTERNATIONAL INC		2022-02-24	2025-08-20
	7. MONOLITHIC PWR SYS INC		2025-01-29	2025-08-20
	115. MORGAN STANLEY		2023-02-02	2025-08-20
	5. NETFLIX.COM INC		2025-01-29	2025-08-20
	2487.412 NEUBERGER BERMAN LONG SH-INS #1830		2024-11-18	2025-08-20
	44. NEXTERA ENERGY INC		2024-07-31	2025-08-20
	61. NVIDIA CORP		2025-01-29	2025-08-20
	254. NVIDIA CORP		2024-07-31	2025-08-20
	50. OMNICOM GROUP		2023-02-02	2025-08-20
	19. PALO ALTO NETWORKS INC			2025-08-20
	25. PAYCHEX INC		2023-10-17	2025-08-20
	610.546 PAYDEN EMER MRKT BOND-SI		2025-04-15	2025-08-20
	95. PAYPAL HOLDINGS INC		2023-10-17	2025-08-20
	94. PEPSICO INC			2025-08-20
	150. PFIZER INC		2025-01-29	2025-08-20
	411. PFIZER INC		2024-01-30	2025-08-20
	14. PROCTER & GAMBLE CO		2025-01-29	2025-08-20
	17. PROCTER & GAMBLE CO		2024-07-31	2025-08-20
	71. PROLOGIS INC		2024-06-20	2025-08-20
	13. PUBLIC STORAGE INC COM		2023-10-17	2025-08-20
	101. QUALCOMM INC			2025-08-20
	22. QUEST DIAGNOSTICS INC		2025-03-18	2025-08-20
	68. REALTY INCOME CORP COM		2024-07-31	2025-08-20
	15. REPUBLIC SERVICES INC CL A COMM		2025-06-18	2025-08-20
	15. ROCKWELL AUTOMATION INC		2023-02-02	2025-08-20
	21. SALESFORCE INC			2025-08-20
	4. SERVICENOW INC		2024-09-25	2025-08-20
	126. SOUTHWEST AIRLINES CO		2025-01-29	2025-08-20
	37. STARBUCKS CORP COM		2024-07-31	2025-08-20
	60. SYNCHRONY FINANCIAL		2025-01-29	2025-08-20
	42. SYSCO CORP		2024-07-31	2025-08-20
	8. TELEDYNE TECHNOLOGIES INC		2025-01-29	2025-08-20
	8. TESLA INC		2025-02-10	2025-08-20
	33. TESLA INC		2024-07-31	2025-08-20
	73. TEXAS INSTRUMENTS INC			2025-08-20
	56. TEXTRON INC		2023-02-07	2025-08-20
	7. TYLER TECHNOLOGIES INC		2024-09-25	2025-08-20
	62. TYSON FOODS INC CL A DEL		2025-03-18	2025-08-20
	57. VENTAS INC COM		2024-09-25	2025-08-20
	348. VERIZON COMMUNICATIONS			2025-08-20
	15. VISA INC-CLASS A SHRS		2025-01-29	2025-08-20
	49. WAL MART STORES INC		2023-11-01	2025-08-20
	18. WORKDAY INC		2025-01-29	2025-08-20
	36. ZIMMER BIOMET HOLDINGS, INC		2025-01-29	2025-08-20
	35. ZOETIS INC		2023-02-02	2025-08-20
	16. AON PLC		2024-07-31	2025-08-20
	11. ACCENTURE PLC		2025-01-29	2025-08-20
	46. ACCENTURE PLC			2025-08-20
	12. EATON CORP PLC		2025-01-29	2025-08-20
	13. EATON CORP PLC		2024-07-31	2025-08-20
	110. MEDTRONIC PLC		2023-02-02	2025-08-20
	12. WILLIS TOWERS WATSON PUB LTDCO		2024-07-31	2025-08-20
	19. NXP SEMICONDUCTORS NV		2025-01-29	2025-08-20
	9. NXP SEMICONDUCTORS NV		2023-02-02	2025-08-20
	.6667 RALLIANT CORP		2023-02-02	2025-08-21
	40. APPLE INC		2025-03-18	2025-09-24
	32. EASTMAN CHEM CO COM		2023-05-31	2025-09-24
	44. EDISON INTL COM		2023-11-01	2025-09-24
	6. FACTSET RESH SYS INC COM		2023-02-07	2025-09-24
	6. GARTNER INC		2023-02-02	2025-09-24
	48. GENERAL MILLS INC		2024-07-31	2025-09-24
	39. INTERNATIONAL FLAVORS & FRAGRANCES		2024-01-30	2025-09-24
	14. LULULEMON ATHLETICA INC		2024-09-25	2025-09-24
	7. NVIDIA CORP		2025-01-29	2025-09-24
	46. NVIDIA CORP		2023-11-01	2025-09-24
	20. RALLIANT CORP		2023-02-02	2025-09-24
	49. TRADE DESK INC/THE		2025-07-28	2025-09-24
	51. LYONDELLBASELL INDU-CL A		2025-01-29	2025-09-24
	2092.63 FHLMC POOL #RR0002 5.000% 6/01/40		2025-08-21	2025-09-25
	2158.69 FHLMC POOL #RR0002 5.000% 6/01/40		2025-08-21	2025-10-25
	20. BROADCOM INC			2025-10-31
	11. CHARTER COMMUNICATIONS INC-A		2024-12-23	2025-10-31
	24. DECKERS OUTDOOR CORP		2024-09-25	2025-10-31
	51. FISERV INC		2023-02-02	2025-10-31
	104. KRAFT HEINZ CO/THE		2024-09-25	2025-10-31
	9. MILLROSE PROPERTIES INC		2025-02-07	2025-10-31
	145. NVIDIA CORP			2025-10-31
	10. ZEBRA TECHNOLOGIES CORP CL A		2025-01-29	2025-10-31
	4031. FHLMC POOL #RR0002 5.000% 6/01/40		2025-08-21	2025-11-25
	50000. OMNICOM GROUP INC 3.600% 4/15/26		2022-05-06	2025-12-03
	12. APPLE INC		2025-03-18	2025-12-11
	18. APPLE INC		2008-08-06	2025-12-11
	11. COINBASE GLOBAL INC		2025-07-28	2025-12-11
	40. DUPONT DE NEMOURS INC		2024-07-31	2025-12-11
	35. GLOBAL PMTS INC W/I		2024-09-25	2025-12-11
	67. KELLOGG CO		2025-09-24	2025-12-11
	22. KIMBERLY CLARK CORP COM		2023-02-02	2025-12-11
	20. ORACLE CORPORATION		2024-09-25	2025-12-11
	69. SMURFIT WESTROCK PLC		2024-07-31	2025-12-11
	4308.79 FHLMC POOL #RR0002 5.000% 6/01/40		2025-08-21	2025-12-25
	3217.56 FHLMC POOL #RR0002 5.000% 6/01/40		2025-08-21	2025-12-31
	14. SVB FINANCIAL GROUP WTHL		2005-12-08	2025-12-31
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	125,000	131,439	-6,439
b	3,031	3,591	-560
c	2,943	3,560	-617
d	2,900	3,066	-166
e	22,000	21,199	801
	48,520	48,126	394
	468,525	433,703	34,822
	6,042	8,915	-2,873
	3,024	3,419	-395
	2,525	3,427	-902
	2,603	3,268	-665
	1,922	2,296	-374
	2,487	3,386	-899
	2,585	3,343	-758
	2,159	3,437	-1,278
	2,386	2,768	-382
	2,345	2,713	-368
	2,098	2,527	-429
	2,433	2,750	-317
	167,930	168,059	-129
	880,944	903,674	-22,730
	17	16	1
	663,731	667,173	-3,442
	664,937	687,200	-22,263
	2,898	3,944	-1,046
	5,541	7,295	-1,754
	628	871	-243
	3,921	5,319	-1,398
	5,085	7,281	-2,196
	97,125	97,324	-199
	124	69	55
	4,530	5,514	-984
	4,115	4,804	-689
	2,850	3,676	-826
	1,166	1,533	-367
	4,636	6,767	-2,131
	4,112	6,079	-1,967
	2,164	4,033	-1,869
	1,855	193	1,662
	4	26	-22
	4,750	3,831	919
	39,402	39,276	126
	25	165	-140
	5,681	9,588	-3,907
	4,243	5,819	-1,576
	1,676	3,736	-2,060
	2,496	3,976	-1,480
	3,191	3,186	5
	2,388	2,306	82
	3,018	3,997	-979
	3,041	4,038	-997
	69	77	-8
	49	46	3
	429,576	448,789	-19,213
	2,126	2,646	-520
	11,694	12,825	-1,131
	6,531	4,026	2,505
	4,363	4,406	-43
	5,285	4,803	482
	4,218	4,150	68
	4,017	733	3,284
	7,798	7,150	648
	5,199	3,426	1,773
	16,111	14,931	1,180
	9,174	7,663	1,511
	7,289	7,417	-128
	9,717	7,147	2,570
	22,863	22,683	180
	4,301	4,228	73
	3,833	4,188	-355
	1,118	856	262
	4,803	3,995	808
	3,604	3,253	351
	4,153	4,018	135
	10,672	8,014	2,658
	9,304	8,788	516
	51,500	52,264	-764
	8,649	8,801	-152
	6,311	4,501	1,810
	10,901	5,945	4,956
	3,683	3,951	-268
	3,507	4,097	-590
	7,311	7,260	51
	5,705	5,110	595
	4,193	4,008	185
	20,203	22,360	-2,157
	7,632	7,607	25
	20,565	17,351	3,214
	11,478	14,093	-2,615
	9,489	11,340	-1,851
	4,581	4,309	272
	3,507	3,949	-442
	3,430	3,143	287
	3,483	4,161	-678
	3,972	3,629	343
	3,490	3,048	442
	11,207	12,592	-1,385
	10,864	8,941	1,923
	3,970	3,706	264
	3,899	4,020	-121
	3,381	2,818	563
	5,002	4,473	529
	7,843	6,521	1,322
	5,577	5,934	-357
	2,322	2,705	-383
	5,417	5,347	70
	4,327	4,449	-122
	3,817	3,205	612
	3,898	3,246	652
	4,783	4,939	-156
	29,685	30,543	-858
	2,229	1,755	474
	8,915	5,667	3,248
	3,429	3,201	228
	4,073	3,402	671
	3,614	3,633	-19
	5,203	4,973	230
	4,515	4,296	219
	3,356	3,657	-301
	3,760	2,769	991
	3,640	3,543	97
	11,956	11,161	795
	3,853	3,820	33
	3,801	3,348	453
	5,517	5,291	226
	3,431	3,825	-394
	3,492	3,180	312
	3,839	3,953	-114
	3,751	4,056	-305
	5,255	4,785	470
	357	328	29
	31,976	29,169	2,807
	7,038	6,345	693
	3,681	3,806	-125
	4,302	3,726	576
	4,222	3,971	251
	3,202	2,769	433
	4,901	4,030	871
	6,861	3,847	3,014
	4,191	4,302	-111
	9,096	7,213	1,883
	8,454	8,719	-265
	12,705	10,895	1,810
	3,427	3,294	133
	3,802	3,798	4
	1,267	1,052	215
	3,342	3,782	-440
	12,850	10,861	1,989
	3,307	3,674	-367
	4,549	3,978	571
	18,196	9,077	9,119
	4,704	3,936	768
	6,732	6,859	-127
	5,745	4,276	1,469
	16,570	11,489	5,081
	6,019	4,860	1,159
	49,400	46,092	3,308
	3,362	3,323	39
	10,560	7,386	3,174
	43,971	29,170	14,801
	3,897	4,495	-598
	3,509	2,790	719
	3,463	2,974	489
	6,600	6,215	385
	6,464	5,437	1,027
	14,097	15,913	-1,816
	3,818	3,995	-177
	10,460	11,115	-655
	2,232	2,334	-102
	2,710	2,736	-26
	7,833	7,781	52
	3,742	3,553	189
	15,621	14,698	923
	4,050	3,808	242
	4,073	3,881	192
	3,541	3,739	-198
	5,102	4,293	809
	5,166	4,946	220
	3,569	3,572	-3
	3,940	3,985	-45
	3,329	2,935	394
	4,284	4,078	206
	3,387	3,221	166
	4,336	4,060	276
	2,566	2,854	-288
	10,583	7,615	2,968
	14,510	13,474	1,036
	4,448	4,146	302
	3,973	4,074	-101
	3,506	3,764	-258
	3,955	3,683	272
	15,691	14,436	1,255
	5,154	5,025	129
	5,014	2,688	2,326
	4,120	4,772	-652
	3,812	4,000	-188
	5,506	5,909	-403
	5,989	5,248	741
	2,827	4,108	-1,281
	11,823	13,340	-1,517
	4,121	3,792	329
	4,464	3,968	496
	10,306	9,630	676
	4,040	3,407	633
	4,289	4,029	260
	2,032	1,757	275
	28	34	-6
	10,069	8,483	1,586
	2,044	2,492	-448
	2,423	2,813	-390
	1,738	2,552	-814
	1,573	2,129	-556
	2,447	3,261	-814
	2,428	3,188	-760
	2,499	3,618	-1,119
	1,238	848	390
	8,136	1,918	6,218
	867	1,006	-139
	2,295	4,310	-2,015
	2,621	3,964	-1,343
	2,093	2,104	-11
	2,159	2,170	-11
	7,349	3,315	4,034
	2,542	3,849	-1,307
	1,946	3,688	-1,742
	3,358	5,578	-2,220
	2,553	3,600	-1,047
	286	211	75
	29,560	6,047	23,513
	2,694	3,991	-1,297
	4,031	4,053	-22
	49,870	49,355	515
	3,332	2,545	787
	4,998	106	4,892
	2,942	4,166	-1,224
	1,659	3,393	-1,734
	2,853	3,417	-564
	5,595	5,151	444
	2,273	2,856	-583
	3,959	3,324	635
	2,646	3,069	-423
	4,309	4,332	-23
	3,218	3,235	-17
		4,848	-4,848
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263
			45,263

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			-6,439
b			-560
c			-617
d			-166
e			801
			394
			34,822
			-2,873
			-395
			-902
			-665
			-374
			-899
			-758
			-1,278
			-382
			-368
			-429
			-317
			-129
			-22,730
			1
			-3,442
			-22,263
			-1,046
			-1,754
			-243
			-1,398
			-2,196
			-199
			55
			-984
			-689
			-826
			-367
			-2,131
			-1,967
			-1,869
			1,662
			-22
			919
			126
			-140
			-3,907
			-1,576
			-2,060
			-1,480
			5
			82
			-979
			-997
			-8
			3
			-19,213
			-520
			-1,131
			2,505
			-43
			482
			68
			3,284
			648
			1,773
			1,180
			1,511
			-128
			2,570
			180
			73
			-355
			262
			808
			351
			135
			2,658
			516
			-764
			-152
			1,810
			4,956
			-268
			-590
			51
			595
			185
			-2,157
			25
			3,214
			-2,615
			-1,851
			272
			-442
			287
			-678
			343
			442
			-1,385
			1,923
			264
			-121
			563
			529
			1,322
			-357
			-383
			70
			-122
			612
			652
			-156
			-858
			474
			3,248
			228
			671
			-19
			230
			219
			-301
			991
			97
			795
			33
			453
			226
			-394
			312
			-114
			-305
			470
			29
			2,807
			693
			-125
			576
			251
			433
			871
			3,014
			-111
			1,883
			-265
			1,810
			133
			4
			215
			-440
			1,989
			-367
			571
			9,119
			768
			-127
			1,469
			5,081
			1,159
			3,308
			39
			3,174
			14,801
			-598
			719
			489
			385
			1,027
			-1,816
			-177
			-655
			-102
			-26
			52
			189
			923
			242
			192
			-198
			809
			220
			-3
			-45
			394
			206
			166
			276
			-288
			2,968
			1,036
			302
			-101
			-258
			272
			1,255
			129
			2,326
			-652
			-188
			-403
			741
			-1,281
			-1,517
			329
			496
			676
			633
			260
			275
			-6
			1,586
			-448
			-390
			-814
			-556
			-814
			-760
			-1,119
			390
			6,218
			-139
			-2,015
			-1,343
			-11
			-11
			4,034
			-1,307
			-1,742
			-2,220
			-1,047
			75
			23,513
			-1,297
			-22
			515
			787
			4,892
			-1,224
			-1,734
			-564
			444
			-583
			635
			-423
			-23
			-17
			-4,848

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	80,990
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

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	8,704
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	8,704
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	8,704
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	6,408
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	6,408
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	2,296
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 tax0	Refunded	11	0
	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 ofWELLS FARGO BANK NA Telephone no. (800) 352-3705

Located at100 N MAIN ST FL 5D4001-052WINSTON SALEMNC ZIP+427101

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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
WELLS FARGO BANK N A	1 0	0
100 N Main St FL 5D4001-052 WINSTON SALEM,NC27101	1 0	0

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)

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


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

16,707,433

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

925,812

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

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

17,633,245

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

17,633,245

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

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

264,499

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

17,368,746

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

868,437

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

868,437

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

8,704

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

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

8,704

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

859,733

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

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

859,733

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

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

859,733

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) ..........

795,280

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. .......

795,280

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					859,733
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				783,454
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2025:
a From 2020......	0
b From 2021......	0
c From 2022......	0
d From 2023......	0
e From 2024......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 795,280
a Applied to 2024, but not more than line 2a				783,454
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.....					11,826
e Remaining amount distributed out of corpus		0
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		0
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 ..........					847,907
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 ......		0
10 Analysis of line 9:
a Excess from 2021 ....	0
b Excess from 2022 ....	0
c Excess from 2023 ....	0
d Excess from 2024 ....	0
e Excess from 2025 ....	0

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).)

NONE

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.

NONE

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
RENSSELAER POLYTECHNIC INSTITUTE 110 8TH ST TROY BLDG 5TH FLOOR TROY,NY12180	NONE		GENERAL SUPPORT GRANT	382,727
YMCA OF GREATER DES MOINES 501 GRAND AVENUE DES MOINES,IA50309	NONE		GENERAL SUPPORT GRANT	2,000
ST PAULS EPISCOPAL CHURCH 815 HIGH STREET DES MOINES,IA50309	NONE		GENERAL SUPPORT GRANT	3,000
DRAKE UNIVERSITY 2507 UNIVERSITY AVE DES MOINES,IA50311	NONE		GENERAL SUPPORT GRANT	382,727
IOWA EPISCOPATE FUND 225 37TH ST DES MOINES,IA50312	NONE		GENERAL SUPPORT GRANT	3,000
IOWA HEALTH FOUNDATION 1415 WOODLAND AVE STE E 200 DES MOINES,IA50309	NONE		GENERAL SUPPORT GRANT	10,000
Total ................................. 3a				783,454

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 ...........
4 Dividends and interest from securities ....			14	614,999
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	80,990
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) ..				695,989

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

695,989

(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

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	1,786			1,786

Name of Bond	End of Year Book Value	End of Year Fair Market Value
927804FU3 VIRGINIA ELEC & POWE	48,905	49,978
3135G0X24 FED NATL MTG ASSN
71884AH44 PHOENIX AZ CIVIC IMP	25,000	23,652
912828X88 US TREASURY NOTE 2.3	194,648	196,984
20030NCT6 COMCAST CORP	50,155	50,270
06051GJL4 VR BANK OF AMERICA	40,177	44,713
575831GX4 MASSACHUSETTS ST CLG	5,000	4,591
14040HBW4 CAPITAL ONE FINANCIA	48,137	49,796
053332BB7 AUTOZONE INC	51,112	50,428
26441CBL8 DUKE ENERGY CORP	41,953	45,530
68217FAA0 OMNICOM GROUP INC
91324PEH1 UNITEDHEALTH GROUP	50,827	49,951
49456BAP6 KINDER MORGAN INC	49,685	50,244
91282CCB5 US TREASURY NOTE	90,113	89,590
912810FP8 US TREASURY BOND 5.3	118,039	107,512
9128286B1 US TREASURY NOTE	214,244	209,053
023135CH7 AMAZON.COM INC	65,735	72,719
09247XAT8 BLACKROCK INC	49,149	51,153
254687FL5 WALT DISNEY COMPANY/	41,256	46,750
256677AP0 DOLLAR GENERAL CORP	46,068	51,848
61747YED3 VR MORGAN STANLEY 2.	39,652	44,430
00206RHW5 AT&T INC	39,736	39,923
126650CX6 CVS HEALTH CORP	39,945	40,132
172967KU4 CITIGROUP INC	39,736	39,984
31488VAA5 FERGUSON ENTERPRISES	29,201	30,259
46625HRV4 JPMORGAN CHASE & CO
59156RCE6 METLIFE INC	50,307	52,702
842400HY2 SOUTHERN CAL EDISON	42,099	41,395
9128282R0 US TREASURY NOTE	96,641	98,055
91282CFV8 US TREASURY NOTE 4.1	173,061	177,004
91282CGQ8 US TREASURY NOTE	148,910	151,910
91282CJJ1 US TREASURY NOTE	177,908	180,695
02005NBQ2 ALLY FINANCIAL INC	34,839	35,305
03027XCL2 AMERICAN TOWER CORP	34,891	35,838
231021BA3 CUMMINS INC	40,632	41,479
373334KY6 GEORGIA POWER CO	40,404	40,640
46647PDY9 VR JPMORGAN CHASE &	43,306	43,918
548661EQ6 LOWE'S COS INC	41,466	41,320
67103HAM9 O'REILLY AUTOMOTIVE	35,648	35,471
91282CHH7 US TREASURY NOTE	124,888	125,348
91282CJZ5 US TREASURY NOTE	97,777	99,688
91282CNC1 US TREASURY NOTE	89,627	90,745

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

BEER PAUL TW

EIN:

42-6215149

Name of Stock	End of Year Book Value	End of Year Fair Market Value
87612E106 TARGET CORP	974	3,617
75513E101 RTX CORP	2,104	22,558
097023105 BOEING CO	10,329	14,981
883556102 THERMO FISHER SCIENT	1,954	18,542
91324P102 UNITEDHEALTH GROUP I	6,240	25,749
17275R102 CISCO SYSTEMS INC	6,309	25,959
907818108 UNION PACIFIC CORP	1,972	11,103
126650100 CVS HEALTH CORPORATI	2,573	8,650
037833100 APPLE INC	6,355	294,696
594918104 MICROSOFT CORP	15,454	279,532
46625H100 JPMORGAN CHASE & CO	10,388	71,211
02079K107 ALPHABET INC CL C	13,707	117,361
11135F101 BROADCOM INC	20,539	112,483
94106L109 WASTE MANAGEMENT INC	7,891	10,546
254687106 WALT DISNEY CO	11,606	13,766
09857L108 BOOKING HOLDINGS INC	6,705	16,066
285512109 ELECTRONIC ARTS INC	1,768	2,861
532457108 ELI LILLY & CO COM	15,280	61,257
192446102 COGNIZANT TECH SOLUT	2,561	3,403
G29183103 EATON CORP PLC	3,276	6,689
871829107 SYSCO CORP
911312106 UNITED PARCEL SERVIC
609207105 MONDELEZ INTERNATION	3,569	3,337
58933Y105 MERCK & CO INC NEW	13,556	19,473
437076102 HOME DEPOT INC	23,417	25,808
09260D107 BLACKSTONE INC	6,085	9,094
31620M106 FIDELITY NATL INFORM	4,122	4,918
30303M102 META PLATFORMS INC	35,187	113,535
00287Y109 ABBVIE INC	20,949	33,131
654106103 NIKE INC CL B	3,905	4,141
92826C839 VISA INC-CLASS A SHR	29,518	45,943
172967424 CITIGROUP INC.	9,437	18,320
001055102 AFLAC INC	2,145	3,418
00206R102 AT & T INC	11,035	14,208
002824100 ABBOTT LABS	15,477	17,415
00724F101 ADOBE INC
007903107 ADVANCED MICRO DEVIC	10,809	23,986
00846U101 AGILENT TECHNOLOGIES	2,690	3,266
009066101 AIRBNB INC
009158106 AIR PRODS & CHEMS IN
020002101 ALLSTATE CORP	4,205	6,869
02079K305 ALPHABET INC CL A	47,190	139,598
02209S103 ALTRIA GROUP INC	10,980	12,339
023135106 AMAZON COM INC COM	79,847	160,189
023608102 AMEREN CORPORATION	2,841	3,695
025537101 AMERICAN ELECTRIC PO	2,953	4,497
025816109 AMERICAN EXPRESS CO	9,202	19,607
026874784 AMERICAN INTERNATION	3,060	4,449
030420103 AMERICAN WATER WORKS	2,756	3,002
03073E105 CENCORA INC	1,592	3,378
03076C106 AMERIPRISE FINL INC	4,560	6,374
031100100 AMETEK INC COM	4,360	6,159
031162100 AMGEN INC	10,570	14,402
032095101 AMPHENOL CORP CL A	7,023	17,703
032654105 ANALOG DEVICES INC
03662Q105 ANSYS INC
036752103 ELEVANCE HEALTH INC
038222105 APPLIED MATERIALS IN	7,097	14,905
039483102 ARCHER DANIELS MIDLA
052769106 AUTODESK INC	2,898	3,848
053015103 AUTOMATIC DATA PROCE	8,013	9,003
053332102 AUTOZONE INC	2,433	3,392
05722G100 BAKER HUGHES CO
060505104 BANK OF AMERICA CORP	10,759	15,895
064058100 BANK NEW YORK MELLON	4,692	10,680
075887109 BECTON DICKINSON & C
084670702 BERKSHIRE HATHAWAY I	42,360	67,858
101137107 BOSTON SCIENTIFIC CO	7,513	12,586
11133T103 BROADRIDGE FINANCIAL	2,879	3,794
12504L109 CBRE GROUP INC	2,787	6,432
125523100 CIGNA GROUP/THE
12572Q105 CME GROUP INC	5,142	7,919
125896100 CMS ENERGY CORP	2,538	3,147
126408103 CSX CORP
127387108 CADENCE DESIGN SYSTE	4,021	6,564
14040H105 CAPITAL ONE FINANCIA	7,691	18,662
14149Y108 CARDINAL HEALTH INC	4,293	11,303
14448C104 CARRIER GLOBAL CORP	2,403	2,695
149123101 CATERPILLAR INC	10,704	25,206
15135B101 CENTENE CORP DEL
15189T107 CENTERPOINT ENERGY I	3,754	4,793
16119P108 CHARTER COMMUNICATIO
166764100 CHEVRON CORP	13,421	13,260
169656105 CHIPOTLE MEXICAN GRI	3,379	3,700
171340102 CHURCH & DWIGHT INC	1,524	1,593
172908105 CINTAS CORP	4,611	6,018
191216100 COCA COLA CO
194162103 COLGATE PALMOLIVE CO	4,806	5,136
20030N101 COMCAST CORP CLASS A
20825C104 CONOCOPHILLIPS	3,572	3,464
209115104 CONSOLIDATED EDISON
21036P108 CONSTELLATION BRANDS
21037T109 CONSTELLATION ENERGY	3,124	9,538
217204106 COPART INC COM	2,248	2,506
219350105 CORNING INC	2,732	9,019
22052L104 CORTEVA INC	3,168	4,424
22160K105 COSTCO WHOLESALE COR	17,391	28,457
22160N109 COSTAR GROUP, INC	1,455	1,345
231021106 CUMMINS INC.	4,318	8,678
23331A109 D R HORTON INC COM	2,164	3,025
233331107 DTE ENERGY CO COM	3,634	3,740
235851102 DANAHER CORP
244199105 DEERE & CO
247361702 DELTA AIR LINES INC	2,721	6,107
252131107 DEXCOM INC	3,552	3,518
25278X109 DIAMONDBACK ENERGY I	2,801	2,706
254709108 DISCOVER FINANCIAL S
25746U109 DOMINION ENERGY INC	7,350	8,496
260003108 DOVER CORP COM
26441C204 DUKE ENERGY HOLDING
26614N102 DUPONT DE NEMOURS IN
26875P101 EOG RESOURCES, INC
277432100 EASTMAN CHEM CO COM
278642103 EBAY INC	2,450	5,052
278865100 ECOLAB INC	4,437	6,038
281020107 EDISON INTL COM
28176E108 EDWARDS LIFESCIENCES	3,611	4,689
291011104 EMERSON ELECTRIC CO	4,538	6,238
29364G103 ENTERGY CORP NEW COM	3,641	5,176
294429105 EQUIFAX INC	2,801	3,689
30161N101 EXELON CORPORATION
30231G102 EXXON MOBIL CORPORAT	27,866	30,085
303075105 FACTSET RESH SYS INC
311900104 FASTENAL CO	1,909	2,809
31428X106 FEDEX CORPORATION
337738108 FISERV INC
337932107 FIRSTENERGY CORP COM
34959E109 FORTINET INC	2,099	3,097
34959J108 FORTIVE CORP
35671D857 FREEPORT-MCMORAN INC	3,696	3,911
36266G107 GE HEALTHCARE TECHNO
363576109 GALLAGHER ARTHUR J &	4,869	5,435
366651107 GARTNER INC
369550108 GENERAL DYNAMICS COR	4,248	6,397
369604301 GENERAL ELECTRIC CO	5,763	26,799
370334104 GENERAL MILLS INC
37045V100 GENERAL MOTORS CO	3,798	9,352
375558103 GILEAD SCIENCES INC	6,568	11,906
37940X102 GLOBAL PMTS INC W/I
38141G104 GOLDMAN SACHS GROUP	10,805	25,491
384802104 GRAINGER W W INC	2,646	4,036
40412C101 HCA HOLDINGS INC	3,933	7,003
40434L105 HP INC
416515104 HARTFORD INSURANCE G	1,632	3,032
427866108 THE HERSHEY COMPANY	945	910
42809H107 HESS CORP
42824C109 HEWLETT PACKARD ENTE
43300A203 HILTON WORLDWIDE HOL	2,825	5,458
438516106 HONEYWELL INTERNATIO
444859102 HUMANA INC	3,818	3,842
45168D104 IDEXX CORP	3,074	4,736
452308109 ILLINOIS TOOL WORKS
45687V106 INGERSOLL-RAND INC	1,638	2,297
458140100 INTEL CORP	8,673	8,044
45866F104 INTERCONTINENTAL EXC	4,826	7,126
459200101 INTERNATIONAL BUSINE	10,330	22,512
461202103 INTUIT COM	8,781	12,586
46120E602 INTUITIVE SURGICAL I	7,236	15,858
46982L108 JACOBS SOLUTIONS INC	1,758	2,517
478160104 JOHNSON & JOHNSON	22,217	25,662
482480100 KLA CORP	4,105	12,151
49177J102 KENVUE INC
49271V100 KEURIG DR PEPPER INC
49338L103 KEYSIGHT TECHNOLOGIE	2,757	4,673
494368103 KIMBERLY CLARK CORP
49456B101 KINDER MORGAN INC/DE	4,499	6,982
500754106 KRAFT HEINZ CO/THE
501044101 KROGER CO	2,117	2,937
502431109 L3HARRIS TECHNOLOGIE	2,659	4,404
525327102 LEIDOS HOLDINGS, INC	2,044	3,788
526057104 LENNAR CORPORATION C	1,954	1,850
539830109 LOCKHEED MARTIN CORP
548661107 LOWES COS INC
550021109 LULULEMON ATHLETICA
55261F104 M & T BANK CORPORATI	1,580	2,619
55354G100 MSCI INC
56585A102 MARATHON PETROLEUM C	4,009	5,367
571748102 MARSH & MCLENNAN COS	2,982	3,154
571903202 MARRIOTT INTERNATION	3,188	5,584
573284106 MARTIN MARIETTA MATL	2,580	4,359
57636Q104 MASTERCARD INC	26,465	38,820
580135101 MCDONALDS CORP	4,503	5,196
58155Q103 MCKESSON CORP	3,605	8,203
59156R108 METLIFE INC	2,430	2,763
592688105 METTLER-TOLEDO INTL	2,898	4,183
595112103 MICRON TECHNOLOGY IN	5,726	23,118
61174X109 MONSTER BEVERAGE COR	2,232	3,297
615369105 MOODYS CORP	5,782	7,663
617446448 MORGAN STANLEY
620076307 MOTOROLA SOLUTIONS,	4,891	5,750
64110L106 NETFLIX INC	12,457	31,878
651639106 NEWMONT CORP	3,403	9,985
65339F101 NEXTERA ENERGY INC	7,336	9,634
65473P105 NISOURCE INC	2,528	3,967
655844108 NORFOLK SOUTHERN COR	3,328	4,620
666807102 NORTHROP GRUMMAN COR	4,878	6,272
67066G104 NVIDIA CORP	36,495	307,539
67103H107 O'REILLY AUTOMOTIVE	3,235	5,473
679580100 OLD DOMINION FREIGHT
681919106 OMNICOM GROUP
682189105 ON SEMICONDUCTOR COR
682680103 ONEOK INC COM	2,917	3,087
68389X105 ORACLE CORPORATION	15,438	26,898
68902V107 OTIS WORLDWIDE CORP	2,668	2,883
69331C108 PG&E CORP COM	2,646	2,603
693475105 PNC FINANCIAL SERVIC	3,793	6,888
693506107 PPG INDUSTRIES INC
693718108 PACCAR INC	4,671	6,899
697435105 PALO ALTO NETWORKS I	3,638	6,079
701094104 PARKER HANNIFIN CORP	6,125	11,426
704326107 PAYCHEX INC
70450Y103 PAYPAL HOLDINGS INC
713448108 PEPSICO INC	9,496	9,329
718172109 PHILIP MORRIS INTERN	13,489	20,692
718546104 PHILLIPS 66	3,245	4,258
74144T108 T ROWE PRICE GROUP I
742718109 PROCTER & GAMBLE CO	25,033	24,936
743315103 PROGRESSIVE CORP OHI	6,369	10,931
744320102 PRUDENTIAL FINL INC	2,531	3,612
744573106 PUBLIC SVC ENTERPRIS	4,289	5,541
747525103 QUALCOMM INC	3,567	3,421
74762E102 QUANTA SVCS INC COM	1,815	5,065
754730109 RAYMOND JAMES FINL I	4,206	6,102
75886F107 REGENERON PHARMACEUT	3,694	3,859
760759100 REPUBLIC SERVICES IN	2,095	3,391
761152107 RESMED INC	2,941	4,817
773903109 ROCKWELL AUTOMATION
776696106 ROPER TECHNOLOGIES I	2,637	2,671
778296103 ROSS STORES INC	3,434	5,224
78409V104 S&P GLOBAL INC	10,027	13,587
78486Q101 SVB FINANCIAL GROUP
79466L302 SALESFORCE INC	9,795	15,100
806857108 SLB LTD	4,300	4,567
808513105 SCHWAB CHARLES CORP	6,128	11,590
816851109 SEMPRA ENERGY	3,601	4,503
81762P102 SERVICENOW INC	6,410	9,957
824348106 SHERWIN WILLIAMS CO	3,948	5,184
833034101 SNAP ON INC	4,053	5,514
842587107 SOUTHERN CO	5,919	7,499
855244109 STARBUCKS CORP COM	3,975	4,463
857477103 STATE STREET CORP	2,567	4,902
863667101 STRYKER CORP	7,854	9,841
871607107 SYNOPSYS INC COM	4,104	5,167
872540109 TJX COMPANIES INC	7,626	14,286
872590104 T-MOBILE US INC	6,897	9,543
874054109 TAKE-TWO INTERACTIVE	2,165	4,865
88160R101 TESLA INC	39,725	91,743
882508104 TEXAS INSTRUMENTS IN
883203101 TEXTRON INC
88579Y101 3M CO	4,203	6,724
892356106 TRACTOR SUPPLY CO CO	1,848	2,000
893641100 TRANSDIGM GROUP INC	4,140	7,979
89417E109 TRAVELERS COMPANIES	3,043	5,221
89832Q109 TRUIST FINANCIAL COR	4,104	6,496
902973304 US BANCORP	3,521	5,816
90353T100 UBER TECHNOLOGIES IN	13,319	17,159
911363109 UNITED RENTAL INC CO	3,173	5,665
91913Y100 VALERO ENERGY CORP	3,833	4,721
92338C103 VERALTO CORP	1,598	1,696
92343V104 VERIZON COMMUNICATIO
92345Y106 VERISK ANALYTICS INC	2,250	2,684
92532F100 VERTEX PHARMACEUTICA	6,105	9,067
929160109 VULCAN MATERIALS COM	1,869	2,852
92939U106 WEC ENERGY GROUP INC	3,265	4,007
929740108 WABTEC CORP	1,476	2,988
931142103 WALMART INC	15,688	36,654
955306105 WEST PHARMACEUTICAL
969457100 WILLIAMS COS INC	4,523	8,656
98389B100 XCEL ENERGY INC	3,217	4,062
98419M100 XYLEM INC/NY	1,799	2,315
988498101 YUM BRANDS INC	4,649	5,446
98978V103 ZOETIS INC
G0403H108 AON PLC
G0450A105 ARCH CAPITAL GROUP L	1,845	2,878
G1151C101 ACCENTURE PLC
G51502105 JOHNSON CONTROLS INT	3,005	6,826
G54950103 NEW LINDE PLC	12,919	16,629
G5960L103 MEDTRONIC PLC
G8473T100 STERIS PLC	2,919	3,549
G8994E103 TRANE TECHNOLOGIES P	3,188	6,616
G96629103 WILLIS TOWERS WATSON
H1467J104 CHUBB LTD	6,792	10,300
N6596X109 NXP SEMICONDUCTORS N
V7780T103 ROYAL CARRIBEAN CRUI	2,713	8,647
040413205 ARISTA NETWORKS INC	2,623	10,089
049560105 ATMOS ENERGY CORP	3,688	4,526
05464C101 AXON ENTERPRISE INC	3,941	5,679
09290D101 BLACKROCK INC	4,745	13,914
110122108 BRISTOL MYERS SQUIBB	3,571	3,776
12503M108 CBOE GLOBAL MARKETS	3,670	4,518
174610105 CITIZENS FINANCIAL G	3,019	4,790
216648501 COOPER COS INC/THE
22788C105 CROWDSTRIKE HOLDINGS	5,477	8,906
243537107 DECKERS OUTDOOR CORP
24703L202 DELL TECHNOLOGIES -C
26884L109 EQT CORP	3,751	4,610
30040W108 EVERSOURCE ENERGY CO
303250104 FAIR ISSAC, INC	3,834	3,381
316773100 FIFTH THIRD BANCORP
36828A101 GE VERNOVA INC	5,630	21,568
380237107 GODADDY INC
443201108 HOWMET AEROSPACE INC	3,309	7,176
443510607 HUBBELL INCORPORATED
446150104 HUNTINGTON BANCSHARE
459506101 INTERNATIONAL FLAVOR
48251W104 KKR & CO INC -A
512807306 LAM RESH CORP
579780206 MCCORMICK & CO INC N
631103108 NASDAQ INC	3,247	4,565
64110D104 NETAPP INC
69351T106 PPL CORPORATION	3,631	3,887
69608A108 PALANTIR TECHNOLOGIE	6,013	28,973
717081103 PFIZER INC	3,572	3,461
7591EP100 REGIONS FINL CORP NE	3,573	4,282
87612G101 TARGA RESOURCES CORP	3,245	4,428
902252105 TYLER TECHNOLOGIES I
910047109 UNITED AIRLINES HOLD	3,865	4,808
92840M102 VISTRA CORP	3,951	5,324
958102105 WESTERN DIGITAL CORP
G8267P108 SMURFIT WESTROCK PLC
G87052109 TE CONNECTIVITY PLC	3,205	5,233
H2906T109 GARMIN LTD	3,642	4,260
03769M106 APOLLO GLOBAL MANAGE	4,178	4,053
03831W108 APPLOVIN CORP	9,552	10,107
25809K105 DOORDASH INC	4,186	3,850
345370860 FORD MOTOR COMPANY	4,039	5,196
406216101 HALLIBURTON CO	3,967	4,239
504922105 LABCORP HOLDINGS INC	4,191	4,265
538034109 LIVE NATION ENT INC	4,130	4,133
670346105 NUCOR CORP	4,057	5,220
745867101 PULTE GRP INC	3,948	4,104
74743L100 QNITY ELECTRONICS IN	1,998	1,633
770700102 ROBINHOOD MARKETS IN	3,560	3,167
90384S303 ULTA BEAUTY INC	3,985	6,050
934423104 WARNER BROS DISCOVER	3,775	4,842

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
36255NAS4 GS MORTGAGE SECURITI
46090F100 INVESCO OPTIMUM YIEL
921943858 VANGUARD FTSE DEVELO	AT COST	881,184	1,109,467
922908629 VANGUARD MIDCAP VIPE	AT COST	1,527,835	1,935,767
000843201 ACAP STRATEGIC FUND-	AT COST	400,000	718,447
03027X100 AMERICAN TOWER CORP
053484101 AVALONBAY CMNTYS INC	AT COST	2,767	3,082
09260C703 BLACKROCK CRED REL V	AT COST	145,005	143,545
22822V101 CROWN CASTLE INC
253868103 DIGITAL RLTY TR INC	AT COST	2,621	4,022
29444U700 EQUINIX INC
29476L107 EQUITY RESIDENTIAL P
30225T102 EXTRA SPACE STORAGE	AT COST	2,761	3,516
64128R608 NEUBERGER BERMAN LON	AT COST	131,525	151,739
70299PGP6 PARTNERS GROUP PRIVA	AT COST	800,000	892,105
74340W103 PROLOGIS INC
74460D109 PUBLIC STORAGE INC C
756109104 REALTY INCOME CORP C
78410G104 SBA COMMUNICATIONS C	AT COST	2,890	2,708
828806109 SIMON PROPERTY GROUP	AT COST	5,147	7,219
925652109 VICI PROPERTIES INC	AT COST	2,688	2,587
95040Q104 WELLTOWER INC	AT COST	4,278	10,580
962166104 WEYERHAEUSER CO
BCP994444 BLACKSTONE PRIVATE C	AT COST	480,000	482,522
BIT990000 BLACKSTONE REAL ESTA	AT COST	385,000	373,461
CNV990005 STEPSTONE PRIVATE MA	AT COST	750,000	942,528
IWI993008 IRONWOOD INSTITUTION	AT COST	725,000	786,825
NUV990007 NUVEEN GLOBAL CITIES	AT COST	385,000	356,070
SWR990003 STARWOOD REIT	AT COST	315,000	250,856
19248X604 COHEN & STEERS PR SE	AT COST	316,760	331,911
693391559 PIMCO EMERG MKTS BD-
922031760 VANGUARD HIGH YIELD
92276F100 VENTAS INC COM
003261104 ABRDN BLOOMBERG ALL	AT COST	605,214	553,871
3142JCAC4 FHLMC POOL #RR0002	AT COST	107,415	108,228
704329242 PAYDEN EMER MRKT BON	AT COST	654,325	717,958
74440Y884 PGIM HIGH YIELD-Q 10	AT COST	667,037	692,653

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA	4,985			4,985
LEGAL FEES - INCOME (ALLOCABLE	4,985			4,985

Description	Amount
MUTUAL FUND TIMING ADJ	19,751
CY PURCHASE OF ACCRUED INTEREST	876
ROC ON CY SALES	94
PY RETURN ON CAPITAL ADJ	1,830
COST BASIS ADJUSTMENT	24

Description	Amount
TAX LOT BASIS ADJ	1,921
PY PURCHASE OF ACCRUED INTEREST	1,902
CY PENDING SALES	17

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
OTHER ADMINISTRATIVE EXPENSE	35	0	35
OTHER ADMINISTRATIVE EXPENSE	35	0	35
INVESTMENT EXPENSES - ADR FEES	161	161	0

Category	Amount	Net Investment Income
FOREIGN TAXES	1,585	1,585
FEDERAL ESTIMATES - PRINCIPAL	1,101	0
FOREIGN TAXES ON NONQUALIFIED	664	664