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
PAUL R AND ANNA LEE WHITE FAMILY CHARITABLE

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

84-6191934

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)$29,219,825J 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...	736,517		715,965
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,009,864
b	Gross sales price for all assets on line 6a 4,553,702
7	Capital gain net income (from Part IV, line 2)...			1,009,864
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........	1,746,381		1,725,829
13	Compensation of officers, directors, trustees, etc.	144,663		130,197		14,466
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	12,446	0	0	12,446
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	1,650	0	0	1,650
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	41,129	16,202		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	1,352	1,352
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	201,240		147,751	0	28,562
25	Contributions, gifts, grants paid.......	1,391,300				1,391,300
26	Total expenses and disbursements. Add lines 24 and 25 ................	1,592,540		147,751	0	1,419,862
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	153,841
b	Net investment income (if negative, enter -0-)			1,578,078
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.............	15,075
	2	Savings and temporary cash investments.........	764,414	592,855	592,855
	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).......	7,359,317	List of Attached Documents: // Content 6,750,967	13,260,888
	c	Investments—corporate bonds (attach schedule).......	1,297,925	List of Attached Documents: // Content 919,371	936,751
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	12,024,734	List of Attached Documents: // Content 13,354,051	14,411,811
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 17,973	List of Attached Documents: // Content 17,520	List of Attached Documents: // Content 17,520
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	21,479,438	21,634,764	29,219,825
	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........	21,479,438	21,634,764
	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).....	21,479,438	21,634,764
	30	Total liabilities and net assets/fund balances (see instructions).	21,479,438	21,634,764

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

21,479,438

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

153,841

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

List of Attached Documents:

// Content

2,195

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

21,635,474

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

List of Attached Documents:

// Content

710

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

21,634,764

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	260. SPDR GOLD MINISHARES ETF		1900-01-01	2025-01-21
b	2140. SPDR GOLD MINISHARES ETF		1900-01-01	2025-01-21
c	260. SPDR GOLD MINISHARES ETF		1900-01-01	2025-02-12
d	2140. SPDR GOLD MINISHARES ETF		1900-01-01	2025-02-12
e	25000. BANK NY MELLON MTN 3.000% 2/24/25		2020-02-07	2025-02-24
	25000. EXXON MOBIL CORP 2.709% 3/06/25		2020-02-07	2025-03-06
	10. T ROWE PRICE GROUP INC		2017-01-19	2025-03-06
	110. T ROWE PRICE GROUP INC			2025-03-06
	70. HOULIHAN LOKEY INC		2019-11-20	2025-03-07
	30. MEDPACE HLDGS INC		2019-11-20	2025-03-07
	25000. CHARLES SCHWAB CORP 3.000% 3/10/25		2020-02-07	2025-03-10
	260. SPDR GOLD MINISHARES ETF		1900-01-01	2025-03-14
	2140. SPDR GOLD MINISHARES ETF		1900-01-01	2025-03-14
	1. ALLSTATE CORP		1911-11-11	2025-03-18
	1. RECKITT BENCKISER GROUP PLC		1911-11-11	2025-04-03
	260. SPDR GOLD MINISHARES ETF		1900-01-01	2025-04-09
	2140. SPDR GOLD MINISHARES ETF		1900-01-01	2025-04-09
	25000. APPLE INC 3.200% 5/13/25		2020-02-07	2025-04-11
	25000. PACIFICORP 3.350% 7/01/25		2020-02-07	2025-04-11
	25000. TOYOTA MOTOR MTN 3.400% 4/14/25		2020-02-07	2025-04-14
	1. WELLS FARGO		1911-11-11	2025-05-06
	260. SPDR GOLD MINISHARES ETF		1900-01-01	2025-05-09
	2140. SPDR GOLD MINISHARES ETF		1900-01-01	2025-05-09
	200000. EMERSON ELECTRIC CO 3.150% 6/01/25		2023-07-11	2025-06-01
	260. SPDR GOLD MINISHARES ETF		1900-01-01	2025-06-10
	2140. SPDR GOLD MINISHARES ETF		1900-01-01	2025-06-10
	1. RECKITT BENCKISER SPON A D R		1911-11-11	2025-06-26
	260. SPDR GOLD MINISHARES ETF		1900-01-01	2025-07-11
	2140. SPDR GOLD MINISHARES ETF		1900-01-01	2025-07-11
	25. A N S Y S INC		2019-11-20	2025-07-18
	1. OLO INC CL A		1911-11-11	2025-07-18
	1. WELLS FARGO		1911-11-11	2025-07-30
	260. SPDR GOLD MINISHARES ETF		1900-01-01	2025-08-08
	2140. SPDR GOLD MINISHARES ETF		1900-01-01	2025-08-08
	.4975 SYNOPSYS INC		2019-11-20	2025-08-14
	6196.747 NYLI CBRE GLOBAL INFRASTRUCTURE FD I		2022-02-11	2025-08-19
	18953.753 NYLI CBRE GLOBAL INFRASTRUCTURE FD I		2022-02-02	2025-08-19
	5408.364 MONDRIAN INTERNATIONAL VALUE EQUITY		2023-08-04	2025-08-22
	20754.717 MONDRIAN INTERNATIONAL VALUE EQUITY		2024-07-31	2025-08-22
	25000. SIMON PROPERTY GROUP 3.500% 9/01/25		2020-02-07	2025-09-01
	260. SPDR GOLD MINISHARES ETF		1900-01-01	2025-09-10
	2140. SPDR GOLD MINISHARES ETF		1900-01-01	2025-09-10
	260. SPDR GOLD MINISHARES ETF		1900-01-01	2025-10-07
	2140. SPDR GOLD MINISHARES ETF		1900-01-01	2025-10-07
	1. HP INC		1911-11-11	2025-10-08
	286. WNS HLDGS LTD COM SHS			2025-10-17
	26. CSW INDUSTRIALS INC		2020-06-02	2025-11-04
	30. CACI INTERNATIONAL INC CL A		2019-11-20	2025-11-04
	200.643 COHEN STEERS GLOBAL INFRASTRUCTURE I		2025-08-19	2025-11-04
	25. COMFORT SYS USA INC		2020-06-02	2025-11-04
	54. FORWARD AIR CORP COM		2019-11-20	2025-11-04
	53. FRANKLIN ELEC INC		2019-11-20	2025-11-04
	155. TRANSUNION			2025-11-04
	497.018 ULTIMUS MANAGE WESTWOOD SA MLP EN		2022-05-04	2025-11-04
	99. WAL MART STORES INC		2022-02-11	2025-11-04
	14. EATON CORP PLC SHS		2020-03-16	2025-11-04
	36. ALPHABET INC CL C		2019-11-20	2025-11-10
	45. AMERICAN TOWER CORP		2020-04-17	2025-11-10
	2. BLACKROCK INC COM		2018-08-22	2025-11-10
	50. BLACKROCK INC COM		2022-05-05	2025-11-10
	14. CME GROUP INC			2025-11-10
	40. CME GROUP INC			2025-11-10
	656. DANAHER CORP			2025-11-10
	130. DIGITAL REALTY TRUST INC		2020-04-17	2025-11-10
	55. EQUINIX INC			2025-11-10
	17. META PLATFORMS INC		2019-11-20	2025-11-10
	79. FACTSET RESEARCH SYSTEMS INC		2017-12-06	2025-11-10
	50. FISERV INC			2025-11-10
	716. INTERACTIVE BROKERS GROUP INC CL A		2017-12-06	2025-11-10
	30. INTERCONTINENTAL EXCHANGE INC		2019-11-20	2025-11-10
	399. PROLOGIS INC		2021-01-15	2025-11-10
	10. S P GLOBAL INC COM		2022-02-11	2025-11-10
	205. SNAP INC		2020-06-02	2025-11-10
	84. STIFEL FINL CORP		2019-11-20	2025-11-10
	200. STRYKER CORP			2025-11-10
	100. THERMO FISHER SCIENTIFIC INC		2022-05-05	2025-11-10
	239. UNITEDHEALTH GROUP INC COM			2025-11-10
	237. WEST PHARMACEUTICAL SVCS INC COM			2025-11-10
	217. MEDTRONIC PLC SHS			2025-11-10
	17. SPOTIFY TECHNOLOGY S A			2025-11-10
	.25 SOLSTICE ADV MATL COM		2017-11-29	2025-11-14
	.5 SOLSTICE ADV MATL COM		2022-03-03	2025-11-14
	260. SPDR GOLD MINISHARES ETF		1900-01-01	2025-11-14
	2140. SPDR GOLD MINISHARES ETF		1900-01-01	2025-11-14
	1. ALPHABET INC CL A		1911-11-11	2025-11-28
	5904.762 NUVEEN INFLATION LINKED BOND FUND I		2024-03-13	2025-12-05
	47664.442 NUVEEN INFLATION LINKED BOND FUND I		2024-05-23	2025-12-05
	260. SPDR GOLD MINISHARES ETF		1900-01-01	2025-12-05
	2140. SPDR GOLD MINISHARES ETF		1900-01-01	2025-12-05
	7964.32 FIDELITY AGGRESSIVE GROWTH FUND		2024-07-31	2025-12-08
	3352.892 TOUCHSTONE MID CAP Y		2024-12-10	2025-12-08
	13704.67 TOUCHSTONE MID CAP Y		2019-08-06	2025-12-08
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	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	1	1
b	9	8	1
c	1	1
d	10	8	2
e	25,000	26,310	-1,310
	25,000	26,035	-1,035
	988	728	260
	10,867	12,469	-1,602
	10,954	3,325	7,629
	9,835	2,222	7,613
	25,000	26,333	-1,333
	1	1
	9	7	2
	50		50
	113		113
	1	1
	10	8	2
	24,968	26,748	-1,780
	24,870	26,696	-1,826
	25,000	26,894	-1,894
	271		271
	1	1
	11	8	3
	200,000	200,000
	1	1
	11	8	3
	124		124
	1	1
	11	8	3
	9,897	6,092	3,805
	36		36
	32		32
	1	1
	11	8	3
	307	70	237
	91,216	79,822	11,394
	278,999	249,455	29,544
	98,865	76,582	22,283
	379,396	330,000	49,396
	25,000	26,918	-1,918
	1	1
	11	7	4
	2	1	1
	12	7	5
	16		16
	21,879	24,437	-2,558
	6,407	1,892	4,515
	17,023	6,984	10,039
	4,994	4,950	44
	23,641	977	22,664
	960	3,743	-2,783
	4,900	2,807	2,093
	12,477	15,078	-2,601
	4,950	3,708	1,242
	10,075	4,496	5,579
	4,992	1,116	3,876
	10,370	2,330	8,040
	7,988	11,224	-3,236
	2,157	958	1,199
	53,931	31,795	22,136
	3,806	1,567	2,239
	10,875	7,488	3,387
	137,914	99,292	38,622
	21,960	18,678	3,282
	45,265	37,196	8,069
	10,724	3,344	7,380
	20,460	16,021	4,439
	3,158	5,554	-2,396
	51,564	10,566	40,998
	4,425	2,832	1,593
	50,007	38,844	11,163
	4,909	3,943	966
	1,707	3,977	-2,270
	10,259	3,421	6,838
	70,545	48,837	21,708
	57,749	55,345	2,404
	77,083	94,909	-17,826
	64,930	35,006	29,924
	19,890	22,680	-2,790
	10,641	3,032	7,609
	11	9	2
	22	22
	2	1	1
	15	8	7
	272		272
	64,362	62,000	2,362
	519,542	500,000	19,542
	2	1	1
	14	8	6
	601,943	500,000	101,943
	193,965	200,000	-6,035
	792,815	505,976	286,839
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202
			249,202

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
b			1
c
d			2
e			-1,310
			-1,035
			260
			-1,602
			7,629
			7,613
			-1,333

			2
			50
			113

			2
			-1,780
			-1,826
			-1,894
			271

			3


			3
			124

			3
			3,805
			36
			32

			3
			237
			11,394
			29,544
			22,283
			49,396
			-1,918

			4
			1
			5
			16
			-2,558
			4,515
			10,039
			44
			22,664
			-2,783
			2,093
			-2,601
			1,242
			5,579
			3,876
			8,040
			-3,236
			1,199
			22,136
			2,239
			3,387
			38,622
			3,282
			8,069
			7,380
			4,439
			-2,396
			40,998
			1,593
			11,163
			966
			-2,270
			6,838
			21,708
			2,404
			-17,826
			29,924
			-2,790
			7,609
			2

			1
			7
			272
			2,362
			19,542
			1
			6
			101,943
			-6,035
			286,839

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	1,009,864
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	21,935
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	21,935
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	21,935
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	9,108
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	9,108
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	12,827
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)

Yes

(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? .................

Yes

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

List of Attached Documents:

// Content

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-)
JEREMY GREEN	CO-TRUSTEE 1	0
PO BOX 64193 EAGAN,MN55164	CO-TRUSTEE 1	0
JOEL GREEN	CO-TRUSTEE 1	0
PO BOX 64193 EAGAN,MN55164	CO-TRUSTEE 1	0
DOROTHY OLIVEIRA	CO-TRUSTEE 1	0
PO BOX 64193 EAGAN,MN55164	CO-TRUSTEE 1	0
US BANK N A	TRUSTEE 1	144,663
PO BOX 64193 EAGAN,MN55164	TRUSTEE 1	144,663

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

28,115,933

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

650,045

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

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

28,765,978

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

28,765,978

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

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

431,490

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

28,334,488

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

1,416,724

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

1,416,724

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

21,935

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

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

21,935

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

1,394,789

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

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

1,394,789

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

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

1,394,789

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) ..........

1,419,862

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. .......

1,419,862

Form 990-PF (2025)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2024	(c) 2024	(d) 2025
1 Distributable amount for 2025 from Part X, line 7					1,394,789
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				1,215,244
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: $ 1,419,862
a Applied to 2024, but not more than line 2a				1,215,244
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.....					204,618
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 ..........					1,190,171
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
CHILDRENS HOSPITAL COLORADO 13123 E 16TH AVE AURORA,CO80045	NONE		GENERAL OPERATING	10,000
THE HUB ON SMITH 211 SMITH ST SHERIDAN,WY82801	NONE		GENERAL OPERATING	13,500
LUTHERAN MEDICAL CENTER FOUNDATION 8300 WEST 38TH AVE WHEAT RIDGE,CO80033	NONE		GENERAL OPERATING	50,000
FOOD BANK OF WYOMING PO BOX 1540 EVANSVILLE,WY82636	NONE		GENERAL OPERATING	35,000
JEFFCO ACTION CENTER INC 8755 WEST 14TH AVE LAKEWOOD,CO80215	NONE		GENERAL OPERATING	40,000
COLORADO STATE UNIVERSITY FOUNDATION 300 UNIV SERVICES CTR FORT COLLINS,CO805230001	NONE		GENERAL OPERATING	136,000
DAYTON FIRE RESCUE PO BOX 396 DAYTON,WY828360396	NONE		GENERAL OPERATING	57,000
NATIONAL SOCIETY DAUGHTERS OF THE AMERICAN REVOLUTION 1776 D STREET NW WASHINGTON,DC20006	NONE		GENERAL OPERATING	10,000
SHERIDAN COUNTY MEM HOSP FOUNDATION PO BOX 391 SHERIDAN,WY82801	NONE		GENERAL OPERATING	15,000
NATIONAL JEWISH HEALTH 1400 JACKSON ST DENVER,CO802062761	NONE		GENERAL OPERATING	20,000
SHERIDAN COUNTY LIBRARY FOUNDATION 335 WEST ALGER ST SHERIDAN,WY82801	NONE		GENERAL OPERATING	20,000
OUTDOOR BUDDIES INC 4927 E COUNTY RD 36 STE A FORT COLLINS,CO805288914	NONE		GENERAL OPERATING	75,000
SHERIDAN KIDS LIFE PO BOX 7296 SHERIDAN,WY82801	NONE		GENERAL OPERATING	4,000
TONGUE RIVER VALLEY COMMUNITY CTR PO BOX 792 RANCHESTER,WY82839	NONE		GENERAL OPERATING	6,800
PLANNED PARENTHOOD ROCKY MTNS INC 7155 E 38TH AVE DENVER,CO80207	NONE		GENERAL OPERATING	270,000
FOOD BANK OF THE ROCKIES 20600 EAST 38TH AVE AURORA,CO800110000	NONE		GENERAL OPERATING	130,000
ALAN GREEN MEMORIAL FND PO BOX 575 BLACK HAWK,CO80422	NONE		SCHOLARSHIPS	80,000
WESTERN STATES CANCER RESEARCH 1325 S COLORADO BLVD DENVER,CO80222	NONE		GENERAL OPERATING	20,000
DESTINATION IMAGINATION COLORADO 6000 E EVANS AVE BLDG 1 STE 031 DENVER,CO802225400	NONE		GENERAL OPERATING	54,000
UNIVERSITY OF COLORADO 1800 GRANT STREET STE 200 AURORA,CO80045	NONE		GENERAL OPERATING	100,000
TRINIDAD STATE COLLEGE FOUNDATION 600 PROSPECT ST TRINIDAD,CO810822356	NONE		GENERAL OPERATING	100,000
COBALT FOUNDATION PO BOX 22485 DENVER,CO802220485	NONE		GENERAL OPERATING	30,000
PRESBYTERIAN HEALTHCARE FOUNDATION PO BOX 26666 ALBUQUERQUE,NM871256666	NONE		GENERAL OPERATING	90,000
DOLPHIN WARRIORS PO BOX 53402 ALBUQUERQUE,NM871533402	NONE		GENERAL OPERATING	20,000
TONGUE RIVER VALLEY SCHOLARSHIP FUND PO BOX 254 RANCHESTER,WY82839	NONE		GENERAL OPERATING	5,000
Total ................................. 3a				1,391,300

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	736,517
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	1,009,864
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) ..				1,746,381

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

1,746,381

(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:

PAUL R AND ANNA LEE WHITE FAMILY CHARITABLE

EIN:

84-6191934

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	1,650			1,650

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2025 ExpenditureResponsibilityStmt

Name:

PAUL R AND ANNA LEE WHITE FAMILY CHARITABLE

EIN:

84-6191934

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Date of Verification	Results of Verification
ALAN GREEN MEMORIAL FDN	PO BOX 575 BLACK HAWK,CO80422	2025-11-21	80,000	SEE ATTACHED STATEMENT	80,000	NONE	3/4/2026

- TIN:

TY 2025 InvestmentsCorpBondsSchedule

Name:

PAUL R AND ANNA LEE WHITE FAMILY CHARITABLE

EIN:

84-6191934

Name of Bond	End of Year Book Value	End of Year Fair Market Value
02665WEC1 AMERICAN HONDA MTN	199,122	200,036
037833BG4 APPLE INC
06406HDA4 BANK NY MELLON MTN
291011BG8 EMERSON ELECTRIC CO
30231GAF9 EXXON MOBIL CORP
30303M8T2 META PLATFORMS INC	102,208	101,768
458140CE8 INTEL CORP SR NT	198,514	202,810
482480AF7 KLA TENCOR CORP	106,442	106,130
501044DJ7 KROGER CO	23,712	24,910
695114CS5 PACIFICORP
808513AL9 CHARLES SCHWAB CORP
808513BW4 SCHWAB CHARLES CORP	186,366	198,674
828807CV7 SIMON PROPERTY GROUP
89236TEW1 TOYOTA MOTOR MTN
91324PFG2 UNITEDHEALTH GROUP	103,007	102,423

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

PAUL R AND ANNA LEE WHITE FAMILY CHARITABLE

EIN:

84-6191934

Name of Stock	End of Year Book Value	End of Year Fair Market Value
000360206 AAON INC	23,935	79,148
000375204 ABB LTD A D R	37,444	78,038
001744101 AMN HEALTHCARE SERVI	3,706	1,245
00202F102 A P MOLLER MAERSK A	30,382	24,070
00287Y109 ABBVIE INC	61,818	146,005
006754204 ADECCO GROUP AG A D	3,407	1,751
00724F101 ADOBE SYS INC	191,436	144,196
007903107 ADVANCED MICRO DEVIC	6,038	26,128
00846U101 AGILENT TECHNOLOGIES	4,311	7,484
012653101 ALBEMARLE CORP	2,615	5,658
02079K107 ALPHABET INC CL C	119,548	490,783
02079K305 ALPHABET INC CL A	42,341	231,620
023135106 AMAZON.COM INC	211,108	368,158
03027X100 AMERICAN TOWER CORP	31,799	24,580
031100100 AMETEK INC	26,963	72,885
03662Q105 A N S Y S INC
036752103 ELEVANCE HEALTH INC	2,907	3,506
037833100 APPLE INC COM	81,667	442,316
038222105 APPLIED MATERIALS IN	58,929	209,704
042735100 ARROW ELECTRONICS IN	3,924	5,509
049468101 ATLASSIAN CORPORATIO	1,270	1,135
053015103 AUTOMATIC DATA PROCE	5,443	12,090
05523R107 B A E SYSTEMS P L C	15,896	41,703
055622104 BP PLC SPON A D R	13,172	12,850
057665200 BALCHEM CORP	3,174	4,908
05946K101 BANCO BILBAO VIZCAYA	4,471	11,375
060505104 BANK OF AMERICA CORP	8,474	13,750
084670702 BERKSHIRE HATHAWAY I	156,880	266,405
088606108 B H P BILLITON LIMIT	1,996	2,475
090572207 BIO RAD LABS INC CL	3,614	3,030
09290D101 BLACKROCK INC COM	134,581	240,827
09857L108 BOOKING HOLDINGS INC	4,280	10,711
099406100 BOOT BARN HOLDINGS I	1,497	15,000
11135F101 BROADCOM INC	135,337	972,541
12572Q105 CME GROUP INC	8,295	14,473
126402106 CSW INDUSTRIALS INC
126501105 CTS CORP	2,837	4,716
127190304 CACI INTERNATIONAL I
138006309 CANON INC SPONS A D	56,104	81,381
15135B101 CENTENE CORP COM	97,975	57,569
169656105 CHIPOTLE MEXICAN GRI	3,115	5,550
17275R102 CISCO SYSTEMS INC	106,595	162,841
199908104 COMFORT SYS USA INC	1,016	24,266
20030N101 COMCAST CORP CLASS A	183,077	127,272
204409601 CEMIG SA A D R	7,039	7,316
20825C104 CONOCOPHILLIPS	20,974	37,070
217204106 COPART INC COM	83,202	140,470
22160K105 COSTCO WHSL CORP	62,205	188,852
23331A109 D R HORTON INC	44,195	158,289
235851102 DANAHER CORP
237194105 DARDEN RESTAURANTS I	5,773	11,961
237545108 DASSAULT SYSTEMES SA	2,851	1,703
23804L103 DATADOG INCCLASS A	2,538	3,400
244199105 DEERE CO	9,432	27,003
25157Y202 DEUTSCHE POST AG A D	3,370	3,117
253868103 DIGITAL REALTY TRUST	52,753	60,182
254687106 WALT DISNEY CO	194,287	173,044
258278100 DORMAN PRODUCTS INC	3,641	6,160
26874R108 E N I SPA A D R	5,002	5,843
277432100 EASTMAN CHEM CO	3,075	2,553
29275Y102 ENERSYS	2,553	5,723
29286D105 ENGIE A D R	2,230	4,335
29362U104 ENTEGRIS INC	1,826	1,685
29444U700 EQUINIX INC	114,099	129,481
29786A106 ETSY INC	6,443	7,152
302081104 EXLSERVICE HLDGS INC	2,974	9,125
30215C101 EXPERIAN GROUP LTD A	2,570	3,026
30303M102 META PLATFORMS INC	139,983	393,414
303075105 FACTSET RESEARCH SYS
337738108 FISERV INC
34959E109 FORTINET INC	8,911	42,881
34965K107 FORTREA HLDGS INC	489	345
349853101 FORWARD AIR CORP
35138V102 FOX FACTORY HOLDING	30,850	13,483
353514102 FRANKLIN ELEC INC
361448103 G A T X CORP	3,672	7,632
372303206 GENMAB A S SP A D R	13,155	11,119
38141G104 GOLDMAN SACHS GROUP	17,728	76,473
40412C101 HCA HEALTHCARE INC C	2,142	7,937
42751Q105 HERMES INTL A D R	11,862	15,376
437076102 HOME DEPOT INC	17,033	33,034
438128308 HONDA MOTOR CO LTD A	35,622	34,727
438516106 HONEYWELL INTL INC	103,114	119,980
441593100 HOULIHAN LOKEY INC
44925C103 ICF INTERNATIONAL IN	4,395	5,118
455793109 INDITEX UNSPON A D R	20,377	36,729
456788108 INFOSYS LTD SP A D R	5,222	5,310
457985208 INTEGRA LIFESCIENCES	10,819	2,360
45841N107 INTERACTIVE BROKERS	24,268	121,932
45866F104 INTERCONTINENTAL EXC	2,927	5,021
459200101 INTL BUSINESS MACHIN	2,960	7,405
461202103 INTUIT COM	3,798	9,274
46120E602 INTUITIVE SURGICAL I	3,801	11,327
46625H100 JPMORGAN CHASE CO	44,275	131,144
478160104 JOHNSON JOHNSON	47,861	74,709
482480100 KLA CORP COM NEW	1,088	10,936
493267108 KEYCORP	3,186	3,509
49338L103 KEYSIGHT TECHNOLOGIE	5,460	10,363
493732101 KFORCE INC COM	2,573	2,041
494368103 KIMBERLY CLARK CORP	1,898	1,715
500467501 KONINKLIJKE AHOLD DE	26,598	48,465
500643200 KORN FERRY INTL	1,832	4,753
50212V100 LPL FINANCIAL HOLDIN	40,887	177,871
502441306 LVMH MOET HENNESSY A	40,101	59,570
504922105 LABCORP HOLDINGS INC	2,911	5,018
505336107 LA Z BOY INC	2,556	3,727
512807306 LAM RESEARCH CORP	1,078	10,271
532457108 ELI LILLY CO	146,899	646,957
537008104 LITTELFUSE INC	5,359	7,588
539830109 LOCKHEED MARTIN CORP	163,505	191,533
550021109 LULULEMON ATHLETICA	5,216	4,156
56585A102 MARATHON PETROLEUM C	13,796	27,647
57060D108 MARKETAXESS HLDGS IN	25,824	22,113
571748102 MARSH MCLENNAN COS I	1,668	4,638
573874104 MARVELL TECHNOLOGY I	16,309	65,605
574599106 MASCO CORP COM	5,964	8,250
57636Q104 MASTERCARD INC	71,643	197,524
580135101 MCDONALDS CORP COM	858	2,139
58506Q109 MEDPACE HLDGS INC
58933Y105 MERCK CO INC	20,129	38,525
594918104 MICROSOFT CORP COM	121,403	417,364
606776201 MITSUBISHI ELECTRIC	15,340	43,152
60687Y109 MIZUHO FNL GRP A D R	1,725	5,651
60786M105 MOELIS CO	1,729	5,224
609839105 MONOLITHIC POWER SYS	9,252	74,322
617700109 MORNINGSTAR INC	37,499	64,106
629445206 NVE CORP	6,248	4,746
63947X101 NCINO INC COM	63,478	36,383
641069406 NESTLE SA SPONSORED	17,725	13,829
64110L106 NETFLIX.COM INC	9,504	17,814
64110W102 NETEASE INC A D R	39,694	52,020
647581206 NEW ORIENTAL ED TECH	1,939	2,036
65336K103 NEXSTAR MEDIA GROUP	7,756	15,229
65339F101 NEXTERA ENERGY INC	61,488	72,493
653656108 NICE SYS LTD SPONSOR	21,954	13,113
654106103 NIKE INC	3,558	1,593
666807102 NORTHROP GRUMMAN COR	1,177	2,281
66987V109 NOVARTIS AG A D R	76,385	111,537
670100205 NOVO NORDISK AS A D	67,925	44,164
67066G104 NVIDIA CORP COM	1,653	35,435
67103H107 O REILLY AUTOMOTIVE	154,376	365,296
683344105 ONTO INNOVATION INC	2,558	12,629
68389X105 ORACLE CORPORATION	103,700	272,094
693475105 PNC FINANCIAL SVCS C	20,856	33,606
70432V102 PAYCOM SOFTWARE INC	10,924	14,342
70450Y103 PAYPAL HOLDINGS INC	14,144	10,859
713448108 PEPSICO INC	19,297	23,824
715684106 P T TELEKOMUNIKASI I	3,638	3,326
74144T108 T ROWE PRICE GROUP I
741511109 PRICE SMART INC	12,492	17,787
742718109 PROCTER GAMBLE CO	153,468	156,351
743315103 PROGRESSIVE CORP	4,941	15,940
74340W103 PROLOGIS INC	116,241	152,426
754730109 RAYMOND JAMES FINL I	4,701	12,847
759530108 RELX PLC SPON A D R	31,710	36,297
760759100 REPUBLIC SVCS INC	6,996	16,954
771195104 ROCHE HOLDINGS LTD S	41,081	64,102
776696106 ROPER TECHNOLOGIES I	3,502	4,451
780259305 SHELL PLC SPON A D R	51,763	60,841
78409V104 S P GLOBAL INC COM	6,421	9,407
78440P306 SK TELECOM LTD A D R	5,731	5,502
78463M107 SPS COMMERCE INC	18,599	22,372
786584102 SAFRAN SA UNSPON A D	2,583	5,049
803054204 SAP SE SPON ADR A D	70,584	126,799
810186106 THE SCOTTS MIRACLE G	4,093	2,334
81211K100 SEALED AIR CORP	3,017	3,314
816300107 SELECTIVE INS GROUP	4,628	6,777
81762P102 SERVICENOW INC	2,795	7,660
81768T108 SERVISFIRST BANCSHAR	73,313	58,365
824348106 SHERWIN WILLIAMS CO	127,271	171,088
82509L107 SHOPIFY INC A	2,214	11,268
83088M102 SKYWORKS SOLUTIONS I	4,814	3,171
833034101 SNAP ON INC	4,465	9,649
83304A106 SNAP INC
855244109 STARBUCKS CORP COM	162,366	170,694
860630102 STIFEL FINL CORP	3,593	12,522
863667101 STRYKER CORP	104,331	184,170
871607107 SYNOPSYS INC	9,862	20,668
871829107 SYSCO CORP	2,564	3,316
874039100 TAIWAN SEMICONDUCTOR	17,302	135,839
87612E106 TARGET CORP	72,401	80,546
88162G103 TETRA TECH INC	3,265	6,373
882508104 TEXAS INSTRS INC COM	105,728	121,270
883556102 THERMO FISHER SCIENT	95,649	121,685
89151E109 TOTALENERGIES SE A D
89400J107 TRANSUNION
89832Q109 TRUIST FINANCIAL COR	14,341	20,373
907818108 UNION PACIFIC CORP C	1,377	3,007
911312106 UNITED PARCEL SERVIC	16,307	12,895
911363109 UNITED RENTALS INC C	27,869	161,864
91324P102 UNITEDHEALTH GROUP I	13,790	14,855
92763W103 VIPSHOP HOLDINGS LTD	25,716	31,665
92826C839 VISA INC COM CL A	154,125	298,104
931142103 WALMART INC COM	110,260	286,435
955306105 WEST PHARMACEUTICAL
97651M109 WIPRO LIMITED A D R	16,172	19,579
977874205 WOLTERS KLUWER NV SP	15,321	13,566
G1151C101 ACCENTURE PLC IRELAN	167,013	148,370
G25508105 CRH PLC	15,565	43,181
G25839104 COCA COLA EUROPACIFI	2,569	3,628
G29183103 EATON CORP PLC SHS
G4705A100 ICON PLC	5,323	6,195
G54950103 LINDE PLC	5,153	10,660
G5960L103 MEDTRONIC PLC SHS	85,503	81,651
G8060N102 SENSATA TECHNOLOGIES	8,000	5,160
G98196101 WNS HLDGS LTD COM SH
H1467J104 CHUBB LIMITED COM	4,861	12,485
L8681T102 SPOTIFY TECHNOLOGY S	46,033	172,471
M22465104 CHECK POINT SOFTWARE	58,978	94,079
M2682V108 CYBER ARK SOFTWARE L	3,378	9,813
N14506104 ELASTIC NV	1,778	3,018
30063P105 EXACT SCIENCES CORPO	9,689	20,921
83443Q103 SOLSTICE ADV MATL CO	6,423	7,433
F92124100 TOTALENERGIES SE ACT	15,003	14,392

- TIN:

TY 2025 InvestmentsOtherSchedule2

Name:

PAUL R AND ANNA LEE WHITE FAMILY CHARITABLE

EIN:

84-6191934

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
922042858 VANGUARD FTSE EMERGI	AT COST	201,888	265,951
04314H568 ARTISAN HIGH INCOME	AT COST	675,000	650,196
90386K720 ULTIMUS MANAGE WESTW	AT COST	311,127	427,933
56064L298 NYLI CBRE GLOBAL INF
36381Y108 MONDRIAN INTERNATION
464288521 ISHARES CORE US REIT	AT COST	111,095	119,160
693390882 PIMCO INTL BD FD US	AT COST	790,000	830,280
921937835 VANGUARD TOTAL BOND	AT COST	2,189,391	2,239,655
921943858 VANGUARD FTSE DEVELO	AT COST	123,408	175,791
922908645 VANGUARD MID-CAP IND	AT COST	80,246	111,286
949915482 ALLSPRING SPECIAL MI	AT COST	610,000	544,054
98149E303 SPDR GOLD MINISHARES	AT COST	110,533	204,888
02508F745 AMERICAN CENTURY SMA	AT COST	193,700	146,333
03463K406 ANGEL OAK MULTI STRA	AT COST	950,000	959,364
149498107 CAUSEWAY EMERGING MA	AT COST	764,400	1,037,144
256210105 DODGE COX INCOME	AT COST	725,000	748,494
316200203 FIDELITY AGGRESSIVE
31635V729 FIDELITY LARGE CAP G	AT COST	60,000	71,239
464287630 ISHARES RUSSELL 2000	AT COST	256,403	381,809
464287648 ISHARES RUSSELL 2000	AT COST	179,393	338,514
52471E258 CLEARBRIDGE INTERNAT	AT COST	659,951	981,979
74440B884 PGIM TOTAL RETURN BO	AT COST	1,285,000	1,238,293
87245P668 NUVEEN INFLATION LIN
89155H793 TOUCHSTONE MID CAP Y
024524217 AMERICAN BEACON STEP	AT COST	591,147	466,348
19248B404 COHEN STEERS GLOBAL	AT COST	364,050	358,295
464288877 ISHARES MSCI EAFE VA	AT COST	471,565	491,301
808524870 SCHWAB U S TIPS ETF	AT COST	220,091	217,748
861728400 STONE RIDGE HY REINS	AT COST	435,018	416,976
922908629 VANGUARD MID CAP ETF	AT COST	995,645	988,780

- TIN:

TY 2025 LegalFeesSchedule

Name:

PAUL R AND ANNA LEE WHITE FAMILY CHARITABLE

EIN:

84-6191934

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA	12,446			12,446

- TIN:

TY 2025 OtherAssetsSchedule

Name:

PAUL R AND ANNA LEE WHITE FAMILY CHARITABLE

EIN:

84-6191934

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INCOME		0	0
000000000 MISCELLANEOUS ENTRY	17,973	17,520	17,520

- TIN:

TY 2025 OtherDecreasesSchedule

Name:

PAUL R AND ANNA LEE WHITE FAMILY CHARITABLE

EIN:

84-6191934

Description	Amount
ROC ON CY SALES	114
COST BASIS ADJUSTMENT	596

- TIN:

TY 2025 OtherExpensesSchedule

Name:

PAUL R AND ANNA LEE WHITE FAMILY CHARITABLE

EIN:

84-6191934

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ADR FEES	1,201	1,201		0
INVESTMENT EXPENSES - PROCEEDS	151	151		0

- TIN:

TY 2025 OtherIncreasesSchedule

Name:

PAUL R AND ANNA LEE WHITE FAMILY CHARITABLE

EIN:

84-6191934

Description	Amount
PY PURCHASE OF ACCRUED INTEREST	992
PROCEEDS FROM SEC LIT	1,203

- TIN:

TY 2025 TaxesSchedule

Name:

PAUL R AND ANNA LEE WHITE FAMILY CHARITABLE

EIN:

84-6191934

Category	Amount	Net Investment Income
FOREIGN TAXES	12,788	12,788
FEDERAL TAX PAYMENT - PRIOR YE	15,819	0
FEDERAL ESTIMATES - PRINCIPAL	9,108	0
FOREIGN TAXES ON NONQUALIFIED	3,414	3,414