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
KATE L DUNWOODY TR UW

Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 64193
Room/suite

City or town
EAGAN

State or province
MN

Country

ZIP or foreign postal code
55164

A Employer identification number

41-6014903

B Telephone number (see instructions)

8882657962

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)$10,207,173J 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...	306,562		297,419
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		279,780
b	Gross sales price for all assets on line 6a 1,444,847
7	Capital gain net income (from Part IV, line 2)...			279,780
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).......	List of Attached Documents: // Content	222	222
12	Total. Add lines 1 through 11........	586,564		577,421
13	Compensation of officers, directors, trustees, etc.	62,196		55,976		6,220
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	4,469	0	0	4,469
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	1,500	0	0	1,500
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	3,689	3,689		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	11,834	5,780		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	1,445	1,420		25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	85,133		66,865	0	12,214
25	Contributions, gifts, grants paid.......	438,284				438,284
26	Total expenses and disbursements. Add lines 24 and 25 ................	523,417		66,865	0	450,498
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	63,147
b	Net investment income (if negative, enter -0-)			510,556
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.............
	2	Savings and temporary cash investments.........	307,840	279,312	279,312
	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)
	b	Investments—corporate stock (attach schedule).......	2,034,236	List of Attached Documents: // Content 2,097,209	3,674,085
	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)..........	5,536,971	List of Attached Documents: // Content 5,565,282	6,244,780
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 10,839	List of Attached Documents: // Content 8,996	List of Attached Documents: // Content 8,996
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,889,886	7,950,799	10,207,173
	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........	7,889,886	7,950,799
	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).....	7,889,886	7,950,799
	30	Total liabilities and net assets/fund balances (see instructions).	7,889,886	7,950,799

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

7,889,886

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

63,147

Other increases not included in line 2 (itemize)

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

7,953,033

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

List of Attached Documents:

// Content

2,234

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

7,950,799

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	1. MCKESSON CORPORATION		1911-11-11	2025-01-02
b	.6 UNI CHARM CORPORATION A D R		2020-01-09	2025-01-07
c	1. GRUPO TELEVISA SA SPON A D R		1911-11-11	2025-02-03
d	1. VALEANT PHARMACEUTICALS INTL		1911-11-11	2025-02-06
e	1300. AMBEV SA SPN A D R		2024-08-19	2025-02-14
	3671. AMBEV SA SPN A D R			2025-02-14
	289. ENN ENERGY HOLDINGS LTD A D R		2024-04-12	2025-02-14
	1037. BANCO BILBAO VIZCAYA ARGEN A D R			2025-03-19
	883. INFINEON TECHNOLOGIES A D R			2025-03-19
	142. CME GROUP INC			2025-03-27
	60. CATERPILLAR INC		2023-02-10	2025-03-27
	161. GILEAD SCIENCES INC		2020-11-18	2025-03-27
	721. PFIZER INC			2025-03-27
	213. ENN ENERGY HOLDINGS LTD A D R			2025-04-23
	468. SHIMANO INC A D R		2022-10-06	2025-04-23
	82. ALLIANZ SE UNSP A D R			2025-05-02
	1732. ISHARES MSCI EAFE VALUE ETF		2023-08-10	2025-05-22
	37759.243 WESTERN ASSET INCOME IS		2024-11-20	2025-05-22
	176. SPDR S P 500 ETF TRUST ETF		2020-03-03	2025-05-22
	435. MAGNA INTL INC CL A			2025-07-09
	223. ALLIANZ SE UNSP A D R			2025-07-18
	505. ATLAS COPCO AB SPONS A D R		2011-08-16	2025-07-18
	404. CHUGAI PHARMACEUTIC UNSP A D R		2023-07-28	2025-07-18
	287. MANULIFE FINANCIAL CORP			2025-07-18
	3668.99956 ISHARES CORE U.S. AGGREGATE BOND ETF		2022-05-09	2025-07-31
	498.00044 ISHARES CORE U.S. AGGREGATE BOND ETF			2025-07-31
	78. SPDR S P 500 ETF TRUST ETF		2020-03-03	2025-07-31
	598. UBER TECHNOLOGIES INC		2022-08-11	2025-07-31
	106. UNITED PARCEL SERVICE INC CL B		2023-05-22	2025-09-11
	113. VISA INC COM CL A		2023-02-06	2025-09-11
	43. DBS GROUP HLDGS LTD SPON A D R		2023-12-28	2025-09-15
	622. HALEON PLC SPON ADS A D R		2023-04-06	2025-09-15
	147. ROCHE HOLDINGS LTD SPON A D R		2024-07-09	2025-09-15
	255. SCHNEIDER ELECT SE UNSP A D R			2025-09-15
	261. SONY GROUP CORPORATION A D R		2023-12-14	2025-09-15
	43. DBS GROUP HLDGS LTD SPON A D R			2025-10-09
	474. KOMATSU LTD SPONS A D R			2025-10-09
	64. NESTLE SA SPONSORED A D R		2024-09-10	2025-10-09
	15. TAIWAN SEMICONDUCTOR A D R		2011-08-16	2025-10-09
	521. ZTO EXPRESS CAYMAN INC A D R		2024-04-24	2025-10-09
	306. B H P BILLITON LIMITED A D R		2021-03-09	2025-10-30
	179. NESTLE SA SPONSORED A D R			2025-10-30
	15. TAIWAN SEMICONDUCTOR A D R		2011-08-16	2025-10-30
	.75 SOLSTICE ADV MATL COM		2023-02-06	2025-11-14
	.8 SONY FINANCIAL GROUP INC A D R		2025-10-06	2025-11-14
	469. DASSAULT SYSTEMES SA A D R		2025-10-30	2025-12-08
	412. DASSAULT SYSTEMES SA A D R			2025-12-08
	126. SAP SE SPON ADR A D R		2011-08-16	2025-12-08
	34. LINDE PLC		2018-12-12	2025-12-08
	46. ISHARES RUSSELL 1000 VALUE E T F		2022-11-01	2025-12-15
	39. SOLSTICE ADV MATL COM			2025-12-15
	282. TARGET CORP			2025-12-15
	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	33		33
b	2	3	-1
c	92		92
d	291		291
e	2,444	3,191	-747
	6,903	15,083	-8,180
	7,786	9,867	-2,081
	15,093	6,908	8,185
	33,559	15,301	18,258
	37,348	25,914	11,434
	20,364	14,858	5,506
	17,866	9,809	8,057
	18,068	27,546	-9,478
	6,719	13,687	-6,968
	5,948	7,851	-1,903
	3,423	1,476	1,947
	108,804	87,544	21,260
	187,663	188,829	-1,166
	102,461	54,236	48,225
	18,261	26,934	-8,673
	8,915	2,821	6,094
	7,766	2,732	5,034
	9,375	6,055	3,320
	8,858	5,197	3,661
	362,050	373,523	-11,473
	49,142	51,919	-2,777
	49,751	24,036	25,715
	51,998	19,708	32,290
	8,872	18,162	-9,290
	38,241	25,954	12,287
	6,905	3,926	2,979
	6,023	5,621	402
	6,029	5,037	992
	14,038	4,942	9,096
	7,643	4,819	2,824
	7,082	3,839	3,243
	16,493	9,167	7,326
	5,941	6,689	-748
	4,492	174	4,318
	9,927	11,003	-1,076
	17,494	23,095	-5,601
	17,222	14,042	3,180
	4,583	174	4,409
	33	36	-3
	4	4
	12,740	13,473	-733
	11,192	10,662	530
	30,714	6,701	24,013
	13,298	5,494	7,804
	9,738	6,894	2,844
	1,914	1,823	91
	27,523	40,227	-12,704
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865
			74,865

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			33
b			-1
c			92
d			291
e			-747
			-8,180
			-2,081
			8,185
			18,258
			11,434
			5,506
			8,057
			-9,478
			-6,968
			-1,903
			1,947
			21,260
			-1,166
			48,225
			-8,673
			6,094
			5,034
			3,320
			3,661
			-11,473
			-2,777
			25,715
			32,290
			-9,290
			12,287
			2,979
			402
			992
			9,096
			2,824
			3,243
			7,326
			-748
			4,318
			-1,076
			-5,601
			3,180
			4,409
			-3

			-733
			530
			24,013
			7,804
			2,844
			91
			-12,704

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	279,780
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	7,097
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	7,097
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	7,097
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	4,452
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	4,452
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	2,645
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 address

The books are in care ofUS BANK NA Telephone no. (888) 265-7962

Located at60 LIVINGSTON AVESAINT PAULMN ZIP+455107

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
US BANK N A	TRUSTEE 1	62,196
PO BOX 64193 EAGAN,MN55164	TRUSTEE 1	62,196

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

9,571,502

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

198,836

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

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

9,770,338

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

9,770,338

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

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

146,555

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

9,623,783

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

481,189

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

481,189

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

7,097

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

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

7,097

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

474,092

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

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

474,092

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

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

474,092

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) ..........

450,498

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. .......

450,498

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					474,092
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2025:
a From 2020......	0
b From 2021......	0
c From 2022......	36,006
d From 2023......	44,901
e From 2024......	0
f Total of lines 3a through e ........		80,907
4Qualifying distributions for 2025 from Part
XI, line 4: $ 450,498
a Applied to 2024, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions) .....			0
c Treated as distributions out of corpus (Election required—see instructions) ........		0
d Applied to 2025 distributable amount.....					450,498
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2025.		23,594			23,594
(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		57,313
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2024. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2025. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2026 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2020 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......		57,313
10 Analysis of line 9:
a Excess from 2021 ....	0
b Excess from 2022 ....	12,412
c Excess from 2023 ....	44,901
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).)

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

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

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

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

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

cAny submission deadlines:

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

Form 990-PF (2025)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
DUNWOODY COLLEGE OF TECHNOLOGY 818 DUNWOODY BLVD MINNEAPOLIS,MN55403	NONE		GENERAL OPERATING	438,284
Total ................................. 3a				438,284

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	306,562
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	279,780
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			1	222
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				586,564

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

586,564

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2025)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2025)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2025 AccountingFeesSchedule

Name:

KATE L DUNWOODY TR UW

EIN:

41-6014903

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	1,500			1,500

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

KATE L DUNWOODY TR UW

EIN:

41-6014903

Name of Stock	End of Year Book Value	End of Year Fair Market Value
46625H100 JPMORGAN CHASE CO	24,730	82,166
83569C102 SONOVA HOLDING UNSPO	2,535	8,167
641069406 NESTLE SA SPONSORED
009126202 AIR LIQUIDE S A A D	4,701	12,432
91324P102 UNITEDHEALTH GROUP I	29,421	28,720
771195104 ROCHE HOLDINGS LTD S	12,414	28,415
87184P109 SYSMEX CORP UNSPON A	16,509	11,437
803054204 SAP SE SPON ADR A D
502117203 LOREAL UNSPON A D R	11,788	28,436
87155N109 SYMRISE AG UNSPON A	6,259	9,195
015393101 ALFA LAVAL AB A D R	10,044	23,761
874039100 TAIWAN SEMICONDUCTOR	2,038	53,485
001317205 AIA GROUP LTD ADR	16,341	31,962
136375102 CANADIAN NATL RAILWA	3,062	8,501
594918104 MICROSOFT CORP COM	38,452	147,504
049255706 ATLAS COPCO AB SPONS	3,387	11,212
237545108 DASSAULT SYSTEMES SA	2,696	9,521
037833100 APPLE INC COM	38,563	144,630
23304Y100 DBS GROUP HLDGS LTD	12,214	49,522
05946K101 BANCO BILBAO VIZCAYA	7,545	27,716
02319V103 AMBEV SA SPN A D R
670108109 NOVONESIS NOVOZYMES	7,020	8,589
344419106 FOMENTO ECONOMICO ME	26,296	32,443
45662N103 INFINEON TECHNOLOGIE
40415F101 HDFC BANK LTD A D R	28,315	35,882
500458401 KOMATSU LTD SPONS A
767204100 RIO TINTO PLC A D R	18,044	25,450
72341E304 PING AN INSURANCE AD	12,657	9,716
375558103 GILEAD SCIENCES INC
57636Q104 MASTERCARD INC	15,450	30,257
171269103 CHUGAI PHARMACEUTIC	15,285	28,450
90460M204 UNI CHARM CORPORATIO	16,122	8,261
023135106 AMAZON.COM INC	30,501	75,709
02079K305 ALPHABET INC CL A	28,777	121,131
88032Q109 TENCENT HLDGS LTD A	34,109	44,322
80687P106 SCHNEIDER ELECT SE U	19,459	30,544
56585A102 MARATHON PETROLEUM C	23,209	77,737
03027X100 AMERICAN TOWER CORP	63,646	49,335
060505104 BANK OF AMERICA CORP	23,757	54,175
29429L105 EPIROC AB UNSP A D R
018820100 ALLIANZ SE UNSP A D	10,461	44,068
H01301128 ALCON INC	11,614	14,580
G5960L103 MEDTRONIC PLC SHS	40,979	38,616
824667109 SHIONOGI CO LTD UNSP	12,499	12,015
00783V104 ADYEN NV UNSPON A D	7,680	15,076
87612E106 TARGET CORP COM
26876F102 ENN ENERGY HOLDINGS
715684106 P T TELEKOMUNIKASI I	14,505	12,925
67066G104 NVIDIA CORP COM	45,790	581,880
088606108 B H P BILLITON LIMIT
40523H106 HAIER SMART HOME CO	12,911	12,875
437076102 HOME DEPOT INC	37,898	45,421
780259305 SHELL PLC SPON A D R	23,739	33,580
90353T100 UBER TECHNOLOGIES IN
82455C101 SHIMANO INC A D R
65339F101 NEXTERA ENERGY INC	26,831	28,339
56501R106 MANULIFE FINANCIAL C	12,088	25,106
233802107 DAIFUKU CO LTD UNSP	8,752	13,567
002824100 ABBOTT LABORATORIES	29,469	33,578
00287Y109 ABBVIE INC	42,302	63,977
031162100 AMGEN INC	26,531	33,713
032654105 ANALOG DEVICES INC	28,323	41,765
045387107 ASSA ABLOY AB A D R	8,818	15,467
086516101 BEST BUY CO INC	16,318	12,784
12572Q105 CME GROUP INC
149123101 CATERPILLAR INC
17275R102 CISCO SYSTEMS INC	25,358	38,746
20030N101 COMCAST CORP CLASS A	37,199	28,515
20825C104 CONOCOPHILLIPS	16,001	13,105
372303206 GENMAB A S SP A D R	19,038	15,338
405552100 HALEON PLC SPON ADS	21,166	24,335
438516106 HONEYWELL INTL INC	29,692	31,019
502431109 L3HARRIS TECHNOLOGIE	42,813	58,714
559222401 MAGNA INTL INC CL
609207105 MONDELEZ INTL INC CL	33,493	25,300
617446448 MORGAN STANLEY	42,988	77,403
717081103 PFIZER INC
74340W103 PROLOGIS INC	12,158	12,383
747525103 QUALCOMM INC COM	12,157	19,842
835699307 SONY GROUP CORPORATI	18,077	25,062
855244109 STARBUCKS CORP COM	26,225	21,558
882508104 TEXAS INSTRS INC COM	43,884	42,505
907818108 UNION PACIFIC CORP C	10,653	12,029
911312106 UNITED PARCEL SERVIC
92826C839 VISA INC
G1151C101 ACCENTURE PLC IRELAN	52,183	48,026
G2519Y108 CREDICORP LTD	9,066	17,794
G54950103 LINDE PLC	15,208	19,614
09290D101 BLACKROCK INC COM	50,120	77,064
166764100 CHEVRON CORP COM	20,854	20,575
19624Y200 COLOPLAST A S A D R	9,546	6,656
237194105 DARDEN RESTAURANTS I	16,217	17,666
25461D100 DISCO CORP A D R	42,386	43,253
30303M102 META PLATFORMS INC	13,472	17,822
40052P107 GRUPO FIN BANORTE SP	9,811	12,162
482480100 KLA CORP COM NEW	15,216	27,947
58733R102 MERCADOLIBRE INC	15,145	18,128
806857108 SCHLUMBERGER LTD COM	13,676	9,710
87873R101 TECHTRONIC INDUSTRIE	10,881	8,637
98980A105 ZTO EXPRESS CAYMAN I
11135F101 BROADCOM INC	38,589	77,526
14448C104 CARRIER GLOBAL CORPO	14,881	11,889
20449X401 COMPASS GROUP PLC A	11,972	11,165
210919106 CONTEMPORARY AMPEREX	23,233	23,213
24703L202 DELL TECHNOLOGIES IN	21,274	20,518
29429L402 EPIROC AKTIEBOLAG SP	7,233	17,123
31428X106 FED EX CORP	14,222	17,909
461202103 INTUIT COM	15,472	16,561
51809L109 LASTERTEC CORP A D R	28,565	27,756
55379N106 M3 INC A D R	11,315	9,923
64110W102 NETEASE INC A D R	13,539	17,203
653656108 NICE SYS LTD SPONSOR	23,236	20,686
66987V109 NOVARTIS AG A D R	10,688	12,822
674388103 OBIC CO LTD A D R	15,903	13,779
783513203 RYANAIR HOLDINGS PLC	11,383	14,582
78437M100 S F HLDG CO LTD A D	10,198	9,088
786584102 SAFRAN SA UNSPON A D	12,544	13,058
81141R100 SEA LTD ADR	12,072	8,164
83571B100 SONY FINANCIAL GROUP	999	1,020
872540109 TJX COMPANIES INC	15,872	20,123
872590104 T -MOBILE US INC	12,800	11,167
949746101 WELLS FARGO CO NEW C	28,345	32,713
N07059210 ASML HOLDING NV NY R	35,337	47,074

- TIN:

TY 2025 InvestmentsOtherSchedule2

Name:

KATE L DUNWOODY TR UW

EIN:

41-6014903

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
99MIN1556 VARIOUS MINERAL INTE	AT COST	1	1
04314H568 ARTISAN HIGH INCOME	AT COST	384,727	384,632
03463K406 ANGEL OAK MULTI STRA	AT COST	268,961	255,481
464287598 ISHARES RUSSELL 1000	AT COST	71,935	100,963
464287226 ISHARES CORE U.S. AG	AT COST	789,980	797,542
89609H704 TRIBUTARY SMALL COMP	AT COST	56,227	60,786
74440B884 PGIM TOTAL RETURN BO	AT COST	906,466	877,151
922908553 VANGUARD REAL ESTATE	AT COST	143,156	142,026
861728400 STONE RIDGE HY REINS	AT COST	320,405	343,539
464287499 ISHARES RUSSELL MID	AT COST	244,601	337,523
46434G103 ISHARES CORE MSCI EM	AT COST	240,384	335,764
024524217 AMERICAN BEACON STEP	AT COST	164,188	188,108
78462F103 SPDR S P 500 ETF TRU	AT COST	214,787	475,298
464287655 ISHARES RUSSELL 2000	AT COST	254,240	346,101
464287432 ISHARES 20 YEAR TREA	AT COST	203,687	183,559
464287473 ISHARES RUSSELL MIDC	AT COST	180,207	228,501
464288877 ISHARES MSCI EAFE VA
46432F842 ISHARES CORE MSCI EA	AT COST	112,406	148,414
808524847 SCHWAB US REIT ETF	AT COST	134,030	133,968
52470V822 WESTERN ASSET INCOME
779556406 ROWE T PRICE MID CAP	AT COST	409,623	422,805
922042742 VANGUARD TOTAL WORLD	AT COST	71,647	84,918
56064L298 NYLI CBRE GLOBAL INF	AT COST	196,370	201,965
808524870 SCHWAB U S TIPS ETF	AT COST	197,254	195,735

- TIN:

TY 2025 LegalFeesSchedule

Name:

KATE L DUNWOODY TR UW

EIN:

41-6014903

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA	4,469			4,469

- TIN:

TY 2025 OtherAssetsSchedule

Name:

KATE L DUNWOODY TR UW

EIN:

41-6014903

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCURED INCOME		0	0
000000000 MISCELLANEOUS ENTRY	10,839	8,996	8,996

- TIN:

TY 2025 OtherDecreasesSchedule

Name:

KATE L DUNWOODY TR UW

EIN:

41-6014903

Description	Amount
ROC ON CY SALES	2,233
ROUNDING	1

- TIN:

TY 2025 OtherExpensesSchedule

Name:

KATE L DUNWOODY TR UW

EIN:

41-6014903

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
STATE FILING FEE/TAX	25	0		25
ADR FEES	1,420	1,420		0

- TIN:

TY 2025 OtherIncomeSchedule2

Name:

KATE L DUNWOODY TR UW

EIN:

41-6014903

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME	222	222

- TIN:

TY 2025 OtherProfessionalFeesSchedule

Name:

KATE L DUNWOODY TR UW

EIN:

41-6014903

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE	3,689	3,689

- TIN:

TY 2025 TaxesSchedule

Name:

KATE L DUNWOODY TR UW

EIN:

41-6014903

Category	Amount	Net Investment Income
FOREIGN TAXES	5,056	5,056
FEDERAL TAX PAYMENT - PRIOR YE	1,602	0
FEDERAL ESTIMATES - PRINCIPAL	4,452	0
FOREIGN TAXES ON NONQUALIFIED	724	724