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
ESTHER SIEFERT OH ITFA MAX
 
Number and street (or P.O. box number if mail is not delivered to street address) 500 FIRST AVE P7-PFSC-03-Z
  Room/suite
City or town
PITTSBURGH
State or province
PA
Country  
ZIP or foreign postal code
15219
A Employer identification number

31-6443181
B Telephone number (see instructions)

4122094802
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$1,717,254J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I 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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 45,749 45,592  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 66,257
b Gross sales price for all assets on line 6a 731,650
7 Capital gain net income (from Part IV, line 2)... 66,257
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)....... Click to see attachment
List of Attached Documents:
// Content
69    
12 Total. Add lines 1 through 11........ 112,075 111,849  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 23,056 18,445   4,611
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,065 704   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)....... Click to see attachment
List of Attached Documents:
// Content
200     200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 24,321 19,149 0 4,811
25 Contributions, gifts, grants paid....... 79,621 79,621
26 Total expenses and disbursements. Add lines 24 and 25 ................ 103,942 19,149 0 84,432
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 8,133
b Net investment income (if negative, enter -0-) 92,700
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 79,150 79,687 79,687
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).......      
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).......... 1,210,523 Click to see attachment
List of Attached Documents:
// Content
1,218,511 		1,637,567
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,289,673 1,298,198 1,717,254
Liabilities 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
Net Assets or Fund Balances 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........ 1,289,673 1,298,198
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,289,673 1,298,198
30 Total liabilities and net assets/fund balances (see instructions). 1,289,673 1,298,198
Part III
Analysis of Changes in Net Assets or Fund Balances
1
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) ...............
1
1,289,673
2
Enter amount from Part I, line 27a .....................
2
8,133
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
396
4
Add lines 1, 2, and 3 ..........................
4
1,298,202
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
4
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
1,298,198
Form 990-PF (2025)
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 402.18 AMG RR SM CAP VAL-I   2024-06-11 2025-03-11
b 55.771 AMG RR SM CAP VAL-I   2024-06-11 2025-03-11
c 33.018 PZENA EMERG MKTS VALUE-INST   2024-03-19 2025-03-11
d 849.206 ARTISAN INTL SM/MID-INST   2024-08-20 2025-03-11
e 120.569 ARTISAN INTL SM/MID-INST   2024-08-20 2025-03-11
50.059 BAIRD MIDCAP INST   2024-06-11 2025-03-11
41.743 BLACKROCK TOTAL RETURN-I   2024-08-26 2025-03-11
21.93 BLACKROCK TOTAL RETURN-I   2024-08-26 2025-03-11
54. DIMENSIONAL INTERNATIONAL VA   2023-11-14 2025-03-11
8. DIMENSIONAL INTERNATIONAL VA   2023-11-14 2025-03-11
73.791 DODGE & COX INCOME FUND     2025-03-11
29.638 DODGE & COX INCOME FUND   2024-03-28 2025-03-11
498.879 DOUBLELINE TOTAL RETURN BOND     2025-03-11
34.248 DOUBLELINE TOTAL RETURN BOND   2023-05-25 2025-03-11
127.334 HARBOR MID CAP VALUE   2024-06-11 2025-03-11
46.494 HARBOR MID CAP VALUE   2024-06-11 2025-03-11
10.561 OAKMARK INTL SM CAP-R6   2024-03-19 2025-03-11
788.711 OAKMARK INTL SM CAP-R6     2025-03-11
107.598 OAKMARK INTL SM CAP-R6     2025-03-11
2. ISHARES CORE S&P 500   2024-11-19 2025-03-11
23. ISHARES U S TREASURY BOND   2023-06-21 2025-03-11
10. ISHARES U S TREASURY BOND     2025-03-11
13. ISHARES MSCI INTL QUALITY   2023-04-19 2025-03-11
3. ISHARES MSCI INTL QUALITY   2023-04-19 2025-03-11
40.84 MFS EMERGING MKTS DEBT FD-R6     2025-03-11
7.299 MFS EMERGING MKTS DEBT FD-R6     2025-03-11
177.055 MADISON MID CAP FUND-R6     2025-03-11
424.986 MERIDIAN SMALL CAP GROW-INSTL   2024-06-11 2025-03-11
60.24 MERIDIAN SMALL CAP GROW-INSTL   2024-06-11 2025-03-11
173.819 PGIM HIGH YIELD FUND   2018-03-02 2025-03-11
27.083 PGIM HIGH YIELD FUND   2021-12-28 2025-03-11
13.99 TOUCHSTONE SANDS EM GR-R6   2023-12-19 2025-03-11
441.604 TOUCHSTONE MID CAP-R6   2023-03-07 2025-03-11
142.578 ALLSPRING CORE BOND FUND   2023-05-25 2025-03-11
22.329 ALLSPRING CORE BOND FUND   2023-05-25 2025-03-11
10. WISDOMTREE U.S. QUALITY DIVI   2024-11-19 2025-03-11
7. WISDOMTREE U.S. QUALITY DIVI   2023-09-26 2025-03-11
1. WISDOMTREE U.S. QUALITY DIVI   2024-11-19 2025-03-11
1. WISDOMTREE U.S. QUALITY DIVI   2023-09-26 2025-03-11
27.171 AMG RR SM CAP VAL-I   2024-06-11 2025-03-18
31.29 PZENA EMERG MKTS VALUE-INST   2024-03-19 2025-03-18
8.991 PZENA EMERG MKTS VALUE-INST   2023-12-19 2025-03-18
4. AVANTIS US LARGE CAP VALUE   2025-03-11 2025-03-18
17.787 BAIRD MIDCAP INST   2024-06-11 2025-03-18
13.883 BLACKROCK TOTAL RETURN-I   2024-08-26 2025-03-18
20. DIMENSIONAL INTERNATIONAL VA   2023-11-14 2025-03-18
13.832 DODGE & COX INCOME FUND   2023-12-19 2025-03-18
5.306 DOUBLELINE TOTAL RETURN BOND   2023-05-25 2025-03-18
1.586 HARBOR MID CAP VALUE   2024-06-11 2025-03-18
138.556 WCM FOCUSED INTL GROWTH-INS   2025-03-11 2025-03-18
6. ISHARES CORE S&P 500   2024-11-19 2025-03-18
5. ISHARES U S TREASURY BOND     2025-03-18
28. ISHARES MSCI INTL QUALITY   2023-04-19 2025-03-18
13. ISHARES CORE MSCI DEV MKTS   2025-03-11 2025-03-18
5. LONGLEAF PARTNERS FDS TR   2025-03-11 2025-03-18
7.915 MFS EMERGING MKTS DEBT FD-R6   2018-03-02 2025-03-18
29.14 MERIDIAN SMALL CAP GROW-INSTL   2024-06-11 2025-03-18
15.887 PGIM HIGH YIELD FUND   2018-03-02 2025-03-18
90.456 TOUCHSTONE SANDS EM GR-R6     2025-03-18
12.02 ALLSPRING CORE BOND FUND   2023-05-25 2025-03-18
3.901 AMG RR SM CAP VAL-I   2024-06-11 2025-04-01
3.058 PZENA EMERG MKTS VALUE-INST   2025-03-11 2025-04-01
1. AVANTIS US LARGE CAP VALUE   2025-03-11 2025-04-01
16.629 BLACKROCK TOTAL RETURN-I   2024-08-26 2025-04-01
7.633 DODGE & COX INCOME FUND     2025-04-01
8.408 DOUBLELINE TOTAL RETURN BOND   2023-05-25 2025-04-01
.664 HARBOR MID CAP VALUE   2024-06-11 2025-04-01
6.188 WCM FOCUSED INTL GROWTH-INS   2025-03-11 2025-04-01
1. ISHARES CORE S&P 500   2024-11-19 2025-04-01
7. ISHARES U S TREASURY BOND   2023-05-25 2025-04-01
1. ISHARES MSCI INTL QUALITY   2023-04-19 2025-04-01
1. ISHARES CORE MSCI DEV MKTS   2025-03-11 2025-04-01
2.863 MFS EMERGING MKTS DEBT FD-R6   2018-11-05 2025-04-01
.11 MERIDIAN SMALL CAP GROW-INSTL   2024-06-11 2025-04-01
.039 PRINCIPAL MIDCAP FUND-R6   2025-03-11 2025-04-01
2.652 PRINCIPAL MIDCAP FUND-R6   2023-03-07 2025-04-01
6.843 PGIM HIGH YIELD FUND   2021-12-28 2025-04-01
7.232 TOUCHSTONE SANDS EM GR-R6   2025-03-11 2025-04-01
12.62 ALLSPRING CORE BOND FUND   2023-05-25 2025-04-01
1. WISDOMTREE U.S. QUALITY DIVI   2023-09-26 2025-04-01
12.018 WCM FOCUSED INTL GROWTH-INS   2025-03-11 2025-06-30
4. ISHARES CORE S&P 500   2024-11-19 2025-06-30
1. ISHARES CORE S&P 500   2023-03-07 2025-06-30
802.498 AMERICAN BEACON AHL MANAGED   2020-07-29 2025-07-30
3084.964 ANGEL OAK MULTI-STRATEGY INCOME     2025-07-30
2197.785 BLACKROCK EVENT DRIVEN EQ-IS   2020-05-27 2025-07-30
1689.742 EV GL MACR ABS RTRN ADV FUND   2017-08-15 2025-07-30
10.074 PZENA EMERG MKTS VALUE-INST   2025-03-11 2025-08-26
6.933 PZENA EMERG MKTS VALUE-INST   2023-03-07 2025-08-26
2. AVANTIS US LARGE CAP VALUE   2025-03-11 2025-08-26
7478.124 BLACKROCK TOTAL RETURN-I   2024-08-26 2025-08-26
1042.944 BLACKROCK TOTAL RETURN-I   2024-08-26 2025-08-26
24. DIMENSIONAL INTERNATIONAL VA   2023-11-14 2025-08-26
8. DIMENSIONAL INTERNATIONAL VA   2023-11-14 2025-08-26
4170.981 DOUBLELINE TOTAL RETURN BOND     2025-08-26
582.232 DOUBLELINE TOTAL RETURN BOND     2025-08-26
147.825 SEAFARER OVERSEAS GROWTH &   2017-08-08 2025-08-26
29.951 SEAFARER OVERSEAS GROWTH &   2017-08-25 2025-08-26
1.155 HARBOR MID CAP VALUE   2024-06-11 2025-08-26
8.941 WCM FOCUSED INTL GROWTH-INS   2025-03-11 2025-08-26
34. ISHARES CORE S&P 500     2025-08-26
11. ISHARES CORE S&P 500   2023-03-07 2025-08-26
3. ISHARES CORE S&P 500   2023-03-07 2025-08-26
2. ISHARES MSCI INTL QUALITY   2023-04-19 2025-08-26
4. ISHARES CORE MSCI DEV MKTS   2025-03-11 2025-08-26
93.202 LONGLEAF PARTNERS FDS TR   2025-03-11 2025-08-26
24.28 LONGLEAF PARTNERS FDS TR     2025-08-26
17.304 LONGLEAF PARTNERS FDS TR   2025-03-11 2025-08-26
4.259 LONGLEAF PARTNERS FDS TR   2023-03-07 2025-08-26
795.405 MFS EMERGING MKTS DEBT FD-R6   2024-08-26 2025-08-26
986.009 MFS EMERGING MKTS DEBT FD-R6     2025-08-26
114.823 MFS EMERGING MKTS DEBT FD-R6   2024-08-26 2025-08-26
135.373 MFS EMERGING MKTS DEBT FD-R6     2025-08-26
3348.573 PGIM HIGH YIELD FUND   2024-10-08 2025-08-26
2418.043 PGIM HIGH YIELD FUND     2025-08-26
468.534 PGIM HIGH YIELD FUND   2024-10-08 2025-08-26
342.426 PGIM HIGH YIELD FUND     2025-08-26
4.928 TOUCHSTONE SANDS EM GR-R6   2025-03-11 2025-08-26
3.242 TOUCHSTONE SANDS EM GR-R6   2023-03-07 2025-08-26
5004.002 ALLSPRING CORE BOND FUND     2025-08-26
696.781 ALLSPRING CORE BOND FUND     2025-08-26
5. WISDOMTREE U.S. QUALITY DIVI   2023-09-26 2025-08-26
2. WISDOMTREE U.S. QUALITY DIVI   2023-09-26 2025-08-26
3.109 LONGLEAF PARTNERS FDS TR   2025-03-11 2025-09-03
1464.6 LONGLEAF PARTNERS FDS TR     2025-09-03
203.34 LONGLEAF PARTNERS FDS TR   2023-03-07 2025-09-03
79.485 PZENA EMERG MKTS VALUE-INST     2025-09-17
8. AVANTIS US LARGE CAP VALUE   2025-03-11 2025-09-17
141.833 DODGE & COX INCOME FUND   2025-08-26 2025-09-17
51.228 SEAFARER OVERSEAS GROWTH &   2017-08-08 2025-09-17
25.441 HARBOR MID CAP VALUE   2024-06-11 2025-09-17
13.534 WCM FOCUSED INTL GROWTH-INS   2025-03-11 2025-09-17
11. ISHARES CORE S&P 500   2023-03-07 2025-09-17
7. ISHARES CORE MSCI DEV MKTS   2025-03-11 2025-09-17
41.002 PRUDENTIAL TOTAL RETURN BOND   2025-08-26 2025-09-17
6. WISDOMTREE U.S. QUALITY DIVI   2023-09-26 2025-09-17
277. AVANTIS US LARGE CAP VALUE   2025-03-11 2025-09-23
38. AVANTIS US LARGE CAP VALUE   2025-03-11 2025-09-23
160.327 SEAFARER OVERSEAS GROWTH &   2025-03-11 2025-09-23
2224.723 SEAFARER OVERSEAS GROWTH &     2025-09-23
13.704 SEAFARER OVERSEAS GROWTH &   2025-03-11 2025-09-23
321.8 SEAFARER OVERSEAS GROWTH &     2025-09-23
74.873 WCM FOCUSED INTL GROWTH-INS   2025-03-11 2025-09-23
838.125 WCM FOCUSED INTL GROWTH-INS   2023-03-07 2025-09-23
1.501 WCM FOCUSED INTL GROWTH-INS   2025-03-11 2025-09-23
123.329 WCM FOCUSED INTL GROWTH-INS   2023-03-07 2025-09-23
1051. ISHARES MSCI INTL QUALITY     2025-09-23
149. ISHARES MSCI INTL QUALITY     2025-09-23
527. WISDOMTREE U.S. QUALITY DIVI   2023-09-26 2025-09-23
73. WISDOMTREE U.S. QUALITY DIVI   2023-09-26 2025-09-23
5.587 PZENA EMERG MKTS VALUE-INST   2025-09-23 2025-09-30
4. ISHARES FLEXIBLE INCOME   2025-09-23 2025-09-30
2. DIMENSIONAL INTERNATIONAL VA   2025-09-23 2025-09-30
13.692 DODGE & COX INCOME FUND     2025-09-30
3.59 HARBOR MID CAP VALUE   2024-06-11 2025-09-30
2. INVESCO CHINA TECHNOLOGY   2025-09-23 2025-09-30
2.952 WCM FOCUSED INTL GROWTH-INS   2023-03-07 2025-09-30
1. ISHARES CORE S&P 500   2023-03-07 2025-09-30
9. ISHARES U S TREASURY BOND   2025-09-23 2025-09-30
1. ISHARES CORE MSCI DEV MKTS   2025-09-23 2025-09-30
3.218 LAZARD INTL QLTY GRWTH-INST   2025-09-23 2025-09-30
4.14 MERIDIAN SMALL CAP GROW-INSTL   2024-06-11 2025-09-30
21.935 PRUDENTIAL TOTAL RETURN BOND     2025-09-30
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,169   6,210 -41
b 856   861 -5
c 418   408 10
d 14,844   15,795 -951
e 2,108   2,243 -135
1,067   1,188 -121
412   423 -11
216   222 -6
2,113   1,765 348
313   262 51
936   927 9
376   369 7
4,415   4,404 11
303   302 1
3,178   3,215 -37
1,160   1,174 -14
208   203 5
15,506   11,686 3,820
2,115   1,516 599
1,127   1,182 -55
527   535 -8
229   230 -1
521   468 53
120   108 12
493   604 -111
88   105 -17
2,842   2,429 413
5,185   5,440 -255
735   771 -36
834   946 -112
130   150 -20
206   196 10
23,131   19,766 3,365
1,575   1,567 8
247   245 2
794   832 -38
556   446 110
79   83 -4
79   64 15
425   420 5
408   387 21
117   107 10
261   259 2
383   422 -39
137   141 -4
810   654 156
176   173 3
47   47  
40   40  
3,320   3,184 136
3,371   3,547 -176
114   116 -2
1,143   1,009 134
921   896 25
79   78 1
95   116 -21
357   373 -16
76   86 -10
1,370   1,207 163
133   132 1
61   60 1
39   39  
65   65  
165   169 -4
97   95 2
75   74 1
17   17  
143   142 1
562   591 -29
161   161  
40   36 4
69   69  
34   39 -5
1   1  
2   2  
119   88 31
33   38 -5
106   106  
140   139 1
80   64 16
329   276 53
2,478   2,365 113
619   403 216
7,327   8,619 -1,292
26,685   32,983 -6,298
22,747   21,362 1,385
19,162   17,861 1,301
147   128 19
101   78 23
143   129 14
74,407   75,828 -1,421
10,377   10,575 -198
1,092   785 307
364   262 102
37,080   36,751 329
5,176   5,126 50
2,047   1,931 116
415   393 22
33   29 4
237   205 32
21,956   19,851 2,105
7,103   4,430 2,673
1,937   1,208 729
86   72 14
313   276 37
1,675   1,446 229
436   396 40
311   268 43
77   65 12
9,831   9,720 111
12,187   13,519 -1,332
1,419   1,403 16
1,673   1,850 -177
16,375   16,241 134
11,824   12,825 -1,001
2,291   2,272 19
1,674   1,813 -139
82   72 10
54   43 11
55,594   54,974 620
7,741   7,651 90
435   318 117
174   127 47
56   48 8
26,319   22,378 3,941
3,654   3,107 547
1,223   939 284
578   517 61
1,847   1,810 37
742   669 73
726   642 84
369   311 58
7,268   4,430 2,838
560   482 78
502   495 7
533   382 151
20,101   17,909 2,192
2,758   2,457 301
2,304   1,916 388
31,969   27,501 4,468
197   164 33
4,624   3,966 658
2,063   1,721 342
23,090   17,483 5,607
41   34 7
3,398   2,573 825
46,427   37,604 8,823
6,582   5,356 1,226
47,147   33,563 13,584
6,531   4,649 1,882
85   85  
213   213  
92   93 -1
176   178 -2
103   91 12
118   113 5
81   62 19
666   403 263
208   208  
80   80  
58   58  
55   53 2
267   267  
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
      10,841
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       -41
b       -5
c       10
d       -951
e       -135
      -121
      -11
      -6
      348
      51
      9
      7
      11
      1
      -37
      -14
      5
      3,820
      599
      -55
      -8
      -1
      53
      12
      -111
      -17
      413
      -255
      -36
      -112
      -20
      10
      3,365
      8
      2
      -38
      110
      -4
      15
      5
      21
      10
      2
      -39
      -4
      156
      3
       
       
      136
      -176
      -2
      134
      25
      1
      -21
      -16
      -10
      163
      1
      1
       
       
      -4
      2
      1
       
      1
      -29
       
      4
       
      -5
       
       
      31
      -5
       
      1
      16
      53
      113
      216
      -1,292
      -6,298
      1,385
      1,301
      19
      23
      14
      -1,421
      -198
      307
      102
      329
      50
      116
      22
      4
      32
      2,105
      2,673
      729
      14
      37
      229
      40
      43
      12
      111
      -1,332
      16
      -177
      134
      -1,001
      19
      -139
      10
      11
      620
      90
      117
      47
      8
      3,941
      547
      284
      61
      37
      73
      84
      58
      2,838
      78
      7
      151
      2,192
      301
      388
      4,468
      33
      658
      342
      5,607
      7
      825
      8,823
      1,226
      13,584
      1,882
       
       
      -1
      -2
      12
      5
      19
      263
       
       
       
      2
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 66,257
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 ......................... 		Bracket 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. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 1,289
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 1,289
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 1,289
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 725
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.............. 7 725
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....... 9 564
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)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
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.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
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....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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? ................
6
Yes
 
7
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..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
OH
b
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
9
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 .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
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 .............
11
 
No
12
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.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website address  
14
The books are in care ofPNC BANK NA Telephone no. (412) 209-4802

Located at500 FIRST AVE P7-PFSC-03-ZPITTSBURGHPA ZIP+415219
15
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 ........
15
 
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)
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
No
1a
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)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(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)
 
No
(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)
 
No
b
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 ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
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? .............
1d
 
No
2
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)):
a
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?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
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.) ..............
2b
 
 
c
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
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
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.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
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? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(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)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(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)
 
No
b
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 ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
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? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
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? .........................
8
 
No
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
PNC BANK N A TRUSTEE
1 		23,056    
500 FIRST AVE P7-PFSC-03-Z
PITTSBURGH,PA15219
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)
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 arrow0
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)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
1,577,171
b
Average of monthly cash balances.......................
1b
74,760
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
1,651,931
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
1,651,931
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
24,779
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,627,152
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
81,358
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.)
1
Minimum investment return from Part IX, line 6..................
1
81,358
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
1,289
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,289
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
80,069
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
80,069
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
80,069
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
84,432
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
84,432
Form 990-PF (2025)
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 80,069
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...... 14,187
b From 2021...... 2,287
c From 2022...... 25,018
d From 2023...... 15,012
e From 2024...... 534
f Total of lines 3a through e ........ 57,038
4Qualifying distributions for 2025 from Part
XI, line 4: $ 84,432
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..... 80,069
e Remaining amount distributed out of corpus 4,363
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 61,401
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) ... 		14,187
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		47,214
10 Analysis of line 9:
a Excess from 2021 .... 2,287
b Excess from 2022 .... 25,018
c Excess from 2023 .... 15,012
d Excess from 2024 .... 534
e Excess from 2025 .... 4,363
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
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
         
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)
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)
aPaid during the year

CAPITAL UNIVERSITY

1 COLLEGE AND MAIN
COLUMBUS,OH432097812 		NONE   GENERAL SUPPORT 70,119

ST JOHN'S LUTHERAN CHURCH

203 E MANSFIELD STREET
NEW WASHINGTON,OH448549512 		NONE   GENERAL SUPPORT 9,502
Total ................................. 3a 79,621
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
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
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 45,749  
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 66,257  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFEDERAL TAX REFUND 		    1 69  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   112,075  
13Total. Add line 12, columns (b), (d), and (e)..................
13
112,075
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		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)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
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
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
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
2a
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? ...........
b
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.
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

TY 2025 ExplnOfNonFilingWithAGStmt
Name:
ESTHER SIEFERT OH ITFA MAX
EIN:
31-6443181
Statement:
The Ohio Attorney General requires that charitable organizations operating or organized within the State submit an annual registration through an online portal that highlights key information from the Form 990-PF for public disclosure purposes. The Trust completes this registration as required in lieu of furnishing a copy of its Form 990-PF to comply with the specific reporting instructions of the State of Ohio.

TY 2025 InvestmentsOtherSchedule2
Name:
ESTHER SIEFERT OH ITFA MAX
EIN:
31-6443181
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
317609295 SEAFARER OVERSEAS GR      
464287200 ISHARES CORE S&P 500 AT COST 220,964 589,048
552746364 MFS EMERGING MKTS DE      
03463K406 ANGEL OAK MULTI-STRA      
09250J734 BLACKROCK EVENT DRIV AT COST 15,072 17,120
09252M883 BLACKROCK TOTAL RETU      
74440Y884 PGIM HIGH YIELD FUND      
97717X669 WISDOMTREE U.S. QUAL      
024525669 AMERICAN BEACON AHL AT COST 10,653 9,455
27830W108 EV GL MACR ABS RTRN AT COST 16,662 18,753
413838566 OAKMARK INTL SM CAP-      
89154M702 TOUCHSTONE SANDS EM AT COST 29,283 37,723
00171A852 AMG RR SM CAP VAL-I AT COST 17,664 17,282
00770X675 PZENA EMERG MKTS VAL AT COST 30,163 38,658
25434V807 DIMENSIONAL INTERNAT AT COST 59,597 74,750
256210105 DODGE & COX INCOME F AT COST 125,828 129,549
258620566 DOUBLELINE TOTAL RET      
461418444 WCM FOCUSED INTL GRO AT COST 26,065 31,112
46429B267 ISHARES U S TREASURY AT COST 83,896 84,156
46434V456 ISHARES MSCI INTL QU      
543069405 LONGLEAF PARTNERS FD      
557492485 MADISON MID CAP FUND      
74256W584 PRINCIPAL MIDCAP FUN AT COST 2,257 2,927
89155T490 TOUCHSTONE MID CAP-R      
94987W794 ALLSPRING CORE BOND      
04314H576 ARTISAN INTL SM/MID-      
057071813 BAIRD MIDCAP INST AT COST 21,114 16,966
411512460 HARBOR MID CAP VALUE AT COST 19,872 21,615
589619824 MERIDIAN SMALL CAP G AT COST 18,225 17,807
00191K609 AQR MANAGED FUTURES AT COST 9,127 9,824
025072349 AVANTIS US LARGE CAP AT COST 23,986 28,111
02631W607 AMER FND MULTI-SEC I AT COST 68,091 68,091
05465G101 AXONIC STRATEGIC INC AT COST 15,212 15,195
092528603 ISHARES FLEXIBLE INC AT COST 46,216 45,963
128119880 CALAMOS MARKET NEUTR AT COST 14,603 14,859
360873137 GOTHAM ABSOLUTE RETU AT COST 18,254 18,170
37954Y632 GLOBAL X ART INTEL & AT COST 72,920 74,662
46138E800 INVESCO CHINA TECHNO AT COST 37,528 34,424
46435G326 ISHARES CORE MSCI DE AT COST 56,017 63,180
48121L114 JPMORGAN STRAT INC O AT COST 18,254 18,238
52107V229 LAZARD INTL QLTY GRW AT COST 34,549 32,620
74440B884 PRUDENTIAL TOTAL RET AT COST 106,439 107,309

TY 2025 OtherDecreasesSchedule
Name:
ESTHER SIEFERT OH ITFA MAX
EIN:
31-6443181
Description Amount
PY RETURN OF CAPITAL ADJUSTMENT 3
WASH SALE ADJUSTMENT 1


TY 2025 OtherExpensesSchedule
Name:
ESTHER SIEFERT OH ITFA MAX
EIN:
31-6443181
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE FILING FEES 200 0   200


TY 2025 OtherIncomeSchedule2
Name:
ESTHER SIEFERT OH ITFA MAX
EIN:
31-6443181
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FEDERAL TAX REFUND 69 0  


TY 2025 OtherIncreasesSchedule
Name:
ESTHER SIEFERT OH ITFA MAX
EIN:
31-6443181
Description Amount
MUTUAL FUND TIMING ADJ 396


TY 2025 TaxesSchedule
Name:
ESTHER SIEFERT OH ITFA MAX
EIN:
31-6443181
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 430 430   0
FEDERAL ESTIMATES - PRINCIPAL 361 0   0
FOREIGN TAXES ON NONQUALIFIED 274 274   0