TY 2025 Form 990PF

(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	41.547 PZENA EMERG MKTS VALUE-INST		2024-12-12	2025-01-13
b	1710.353 PZENA EMERG MKTS VALUE-INST		2023-03-15	2025-01-13
c	198.687 ARTISAN INTL SM/MID-INST		2024-09-11	2025-01-13
d	210.321 BAIRD AGGREGATE BOND FUND		2024-09-11	2025-01-13
e	128.55 BLACKROCK HIGH YIELD PORTFOLIO		2024-08-01	2025-01-13
	439.876 DODGE & COX INTERNATIONAL		2024-11-11	2025-01-13
	720.253 DODGE & COX INCOME FUND		2024-09-11	2025-01-13
	2093.159 DODGE & COX INCOME FUND		2010-04-16	2025-01-13
	33. ISHARES MSCI USA QUALITY FACTOR		2024-11-11	2025-01-13
	177. ISHARES MSCI USA QUALITY FACTOR		2023-03-15	2025-01-13
	368.244 MFS EMERGING MKTS DEBT FD-R6		2021-01-22	2025-01-13
	73.955 PIMCO INCOME FUND		2024-11-11	2025-01-13
	185.868 VANGUARD TOTAL BD MKT INDX 584		2024-10-15	2025-01-13
	702.407 VANGUARD TOTAL BD MKT INDX 584		2023-03-15	2025-01-13
	854.15 ARTISAN INTL SM/MID-INST		2024-09-11	2025-03-17
	14.974 ARTISAN INTL SM/MID-INST		2024-12-12	2025-03-17
	556.762 BAIRD AGGREGATE BOND FUND		2024-08-01	2025-03-17
	25.661 BARON SMALL CAP FUND		2024-09-11	2025-03-17
	4.362 BARON SMALL CAP FUND		2024-12-12	2025-03-17
	696.942 BLACKROCK HIGH YIELD PORTFOLIO		2024-04-01	2025-03-17
	3496.916 BLACKROCK HIGH YIELD PORTFOLIO		2024-02-01	2025-03-17
	176.99 DOUBLELINE TOTAL RETURN BOND		2024-09-11	2025-03-17
	27.473 SEAFARER OVERSEAS GROWTH &		2024-04-01	2025-03-17
	56.442 SEAFARER OVERSEAS GROWTH &		2022-03-22	2025-03-17
	51.51 WCM FOCUSED INTL GROWTH-INS		2024-11-11	2025-03-17
	50. ISHARES RUSSELL MID-CAP GROWTH		2024-12-12	2025-03-17
	37. ISHARES CORE MSCI EMERGING		2025-01-13	2025-03-17
	97. ISHARES MSCI INTL QUALITY		2024-02-01	2025-03-17
	322.091 MFS EMERGING MKTS DEBT FD-R6		2021-01-22	2025-03-17
	21.263 TCW METROPOLITAN WEST		2025-01-13	2025-03-17
	885.282 MOERUS WORLDWIDE VALUE FUND		2024-04-01	2025-03-17
	24.512 MOERUS WORLDWIDE VALUE FUND		2025-01-13	2025-03-17
	48.782 PIMCO INCOME FUND		2024-11-11	2025-03-17
	216.318 T ROWE PR MID-CAP VALUE-I		2022-03-22	2025-03-17
	1250.117 TOUCHSTONE SANDS EM GR-R6		2024-09-11	2025-03-17
	320.211 TOUCHSTONE SANDS EM GR-R6		2024-12-12	2025-03-17
	58.962 VANGUARD TOTAL BD MKT INDX 584		2023-03-15	2025-03-17
	69. WISDOMTREE U.S. QUALITY DIVI		2024-11-11	2025-03-17
	110. WISDOMTREE U.S. QUALITY DIVI		2020-12-07	2025-03-17
	932.616 AMG RR SM CAP VAL-I		2024-11-11	2025-04-22
	1268.624 BAIRD AGGREGATE BOND FUND		2024-08-01	2025-04-22
	1341.453 BAIRD AGGREGATE BOND FUND		2024-11-11	2025-04-22
	30.744 BAIRD AGGREGATE BOND FUND		2024-02-01	2025-04-22
	200.808 BARON SMALL CAP FUND		2024-09-11	2025-04-22
	34. DIMENSIONAL INTERNATIONAL VA		2025-03-17	2025-04-22
	1930.332 DODGE & COX INCOME FUND		2024-08-01	2025-04-22
	181. ISHARES RUSSELL MID-CAP GROWTH		2024-12-12	2025-04-22
	5. ISHARES RUSSELL MID-CAP GROWTH		2025-01-13	2025-04-22
	15. ISHARES MSCI INTL QUALITY		2025-01-13	2025-04-22
	192. ISHARES MSCI INTL QUALITY		2023-06-02	2025-04-22
	50.137 MFS EMERGING MKTS DEBT FD-R6		2021-01-22	2025-04-22
	2896.74 TCW METROPOLITAN WEST		2025-01-13	2025-04-22
	97.123 PIMCO INCOME FUND		2024-11-11	2025-04-22
	177.591 PGIM HIGH YIELD FUND		2025-03-17	2025-04-22
	328.271 T ROWE PR MID-CAP VALUE-I		2024-12-12	2025-04-22
	400.605 T ROWE PR MID-CAP VALUE-I		2022-03-22	2025-04-22
	19.343 AMG RR SM CAP VAL-I		2025-03-17	2025-05-30
	235.533 AMG RR SM CAP VAL-I		2022-03-22	2025-05-30
	400.81 BAIRD AGGREGATE BOND FUND		2024-11-11	2025-05-30
	27.677 BAIRD AGGREGATE BOND FUND		2024-12-12	2025-05-30
	7647.322 BAIRD AGGREGATE BOND FUND		2023-03-15	2025-05-30
	559.569 BARON SMALL CAP FUND		2024-09-11	2025-05-30
	220.878 BARON SMALL CAP FUND		2025-01-13	2025-05-30
	34. DIMENSIONAL INTERNATIONAL VA		2024-08-01	2025-05-30
	275. DIMENSIONAL INTERNATIONAL VA		2024-12-12	2025-05-30
	598. DIMENSIONAL INTERNATIONAL VA		2024-04-01	2025-05-30
	1298.906 DOUBLELINE TOTAL RETURN BOND		2024-09-11	2025-05-30
	4011.159 DOUBLELINE TOTAL RETURN BOND		2023-06-02	2025-05-30
	488.212 WCM FOCUSED INTL GROWTH-INS		2024-09-11	2025-05-30
	167. ISHARES CORE S&P 500		2024-12-12	2025-05-30
	373. ISHARES CORE MSCI EAFE ETF		2025-04-22	2025-05-30
	405. ISHARES CORE MSCI EMERGING		2025-01-13	2025-05-30
	596.48 PIMCO INCOME FUND		2024-11-11	2025-05-30
	2108.473 PIMCO INCOME FUND		2023-10-23	2025-05-30
	589.153 PRINCIPAL MIDCAP FUND-R6		2024-09-11	2025-05-30
	185.556 PRINCIPAL MIDCAP FUND-R6		2025-03-17	2025-05-30
	73.915 VANGUARD TOTAL BD MKT INDX 584		2024-11-11	2025-06-02
	6564.649 VANGUARD TOTAL BD MKT INDX 584		2024-12-12	2025-06-02
	3816.543 VANGUARD TOTAL BD MKT INDX 584		2023-03-15	2025-06-02
	9433.698 BLACKROCK TOTAL RETURN-I		2025-05-30	2025-08-26
	2074.626 DOUBLELINE TOTAL RETURN BOND		2024-11-11	2025-08-26
	363.675 DOUBLELINE TOTAL RETURN BOND		2025-04-22	2025-08-26
	2822.385 DOUBLELINE TOTAL RETURN BOND		2023-06-02	2025-08-26
	32. ISHARES CORE S&P 500		2025-04-22	2025-08-26
	1302.963 MFS EMERGING MKTS DEBT FD-R6		2024-09-11	2025-08-26
	437.648 MFS EMERGING MKTS DEBT FD-R6		2025-05-30	2025-08-26
	514.579 MFS EMERGING MKTS DEBT FD-R6		2021-08-27	2025-08-26
	7230.633 PGIM HIGH YIELD FUND		2025-03-17	2025-08-26
	6307.012 ALLSPRING CORE BOND FUND		2025-05-30	2025-08-26
	14. WISDOMTREE U.S. QUALITY DIVI		2025-05-30	2025-08-26
	1834.158 LONGLEAF PARTNERS FDS TR		2025-05-30	2025-09-03
	125.684 PZENA EMERG MKTS VALUE-INST		2025-05-30	2025-09-09
	24. AVANTIS US LARGE CAP VALUE		2025-05-30	2025-09-09
	41. DIMENSIONAL INTERNATIONAL VA		2025-09-03	2025-09-09
	197.566 DODGE & COX INCOME FUND		2025-08-26	2025-09-09
	13.418 HARBOR MID CAP VALUE		2025-05-30	2025-09-09
	11. ISHARES CORE S&P 500		2025-04-22	2025-09-09
	113.648 PRUDENTIAL TOTAL RETURN BOND		2025-08-26	2025-09-09
	3. WISDOMTREE U.S. QUALITY DIVI		2025-05-30	2025-09-09
	339. AVANTIS US LARGE CAP VALUE		2025-05-30	2025-09-23
	62.357 SEAFARER OVERSEAS GROWTH &		2024-12-12	2025-09-23
	1101.962 SEAFARER OVERSEAS GROWTH &		2025-04-22	2025-09-23
	1794.715 SEAFARER OVERSEAS GROWTH &		2023-06-02	2025-09-23
	1017.567 WCM FOCUSED INTL GROWTH-INS		2024-02-01	2025-09-23
	551. ISHARES MSCI INTL QUALITY		2025-05-30	2025-09-23
	708. ISHARES MSCI INTL QUALITY		2023-06-02	2025-09-23
	88. WISDOMTREE U.S. QUALITY DIVI		2025-04-22	2025-09-23
	562. WISDOMTREE U.S. QUALITY DIVI		2020-12-07	2025-09-23
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
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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
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	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
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	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	482	555	-73
b	19,857	18,643	1,214
c	3,368	3,630	-262
d	2,009	2,131	-122
e	909	923	-14
	21,646	23,714	-2,068
	8,801	9,443	-642
	25,578	27,504	-1,926
	5,801	6,077	-276
	31,113	20,601	10,512
	4,356	5,608	-1,252
	771	785	-14
	1,742	1,812	-70
	6,582	6,799	-217
	15,349	15,605	-256
	269	271	-2
	5,462	5,583	-121
	798	900	-102
	136	171	-35
	4,927	4,881	46
	24,723	24,583	140
	1,563	1,612	-49
	338	343	-5
	694	714	-20
	1,249	1,332	-83
	6,050	6,755	-705
	2,069	1,877	192
	3,977	3,669	308
	3,884	4,905	-1,021
	220	217	3
	15,103	13,571	1,532
	418	396	22
	522	518	4
	6,764	7,549	-785
	19,052	18,877	175
	4,880	4,550	330
	567	571	-4
	5,535	5,867	-332
	8,823	5,874	2,949
	13,765	15,480	-1,715
	12,306	12,547	-241
	13,012	13,160	-148
	298	304	-6
	5,631	7,040	-1,409
	1,327	1,377	-50
	23,955	24,918	-963
	20,284	24,452	-4,168
	560	630	-70
	602	551	51
	7,703	7,022	681
	589	761	-172
	29,692	29,518	174
	1,023	1,030	-7
	831	851	-20
	9,247	10,728	-1,481
	11,285	11,485	-200
	303	304	-1
	3,691	3,505	186
	3,900	3,932	-32
	269	272	-3
	74,408	74,120	288
	17,744	19,619	-1,875
	7,004	7,315	-311
	1,436	1,233	203
	11,612	11,090	522
	25,252	21,876	3,376
	11,352	11,833	-481
	35,058	35,539	-481
	12,767	12,576	191
	98,868	96,115	2,753
	30,774	28,539	2,235
	22,979	20,553	2,426
	6,335	6,329	6
	22,392	21,623	769
	27,048	26,298	750
	8,519	8,185	334
	704	710	-6
	62,561	62,497	64
	36,372	36,314	58
	93,865	92,167	1,698
	18,443	17,918	525
	3,233	3,179	54
	25,091	24,348	743
	20,664	16,871	3,793
	16,105	15,941	164
	5,409	5,217	192
	6,360	6,738	-378
	35,358	34,623	735
	70,071	69,125	946
	1,219	1,131	88
	32,960	30,722	2,238
	1,859	1,643	216
	1,721	1,577	144
	1,883	1,851	32
	2,558	2,521	37
	383	342	41
	7,179	5,799	1,380
	1,388	1,373	15
	262	242	20
	24,600	22,269	2,331
	896	721	175
	15,835	13,804	2,031
	25,790	21,889	3,901
	28,034	25,099	2,935
	24,340	23,586	754
	31,275	25,156	6,119
	7,873	7,053	820
	50,279	30,011	20,268
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
			9,141
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			9,141
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			9,141
			9,141
			9,141
			9,141

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			-73
b			1,214
c			-262
d			-122
e			-14
			-2,068
			-642
			-1,926
			-276
			10,512
			-1,252
			-14
			-70
			-217
			-256
			-2
			-121
			-102
			-35
			46
			140
			-49
			-5
			-20
			-83
			-705
			192
			308
			-1,021
			3
			1,532
			22
			4
			-785
			175
			330
			-4
			-332
			2,949
			-1,715
			-241
			-148
			-6
			-1,409
			-50
			-963
			-4,168
			-70
			51
			681
			-172
			174
			-7
			-20
			-1,481
			-200
			-1
			186
			-32
			-3
			288
			-1,875
			-311
			203
			522
			3,376
			-481
			-481
			191
			2,753
			2,235
			2,426
			6
			769
			750
			334
			-6
			64
			58
			1,698
			525
			54
			743
			3,793
			164
			192
			-378
			735
			946
			88
			2,238
			216
			144
			32
			37
			41
			1,380
			15
			20
			2,331
			175
			2,031
			3,901
			2,935
			754
			6,119
			820
			20,268

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	69,356
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 .........................		3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	1,372
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	1,372
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	1,372
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	1,338
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	1,338
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	34
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.

(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	19,379
500 FIRST AVE P7-PFSC-03-Z PITTSBURGH,PA15219

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

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

		(a) Corpus	(b) Years prior to 2024	(c) 2024	(d) 2025
1 Distributable amount for 2025 from Part X, line 7					77,298
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				66,124
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: $ 73,875
a Applied to 2024, but not more than line 2a				66,124
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.....					7,751
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 ..........					69,547
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

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

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:

3 Grants and Contributions Paid During the Year or Approved for Future Payment
aPaid during the year
CARNEGIE MELLON UNIVERSITY 6 PPG PLACE 14TH FLOOR PITTSBURGH,PA15222	NONE	GENERAL SUPPORT	66,124
Total ................................. 3a	66,124

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.)

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

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

	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...	41,833		41,677
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		69,356
b	Gross sales price for all assets on line 6a 1,503,919
7	Capital gain net income (from Part IV, line 2)...			69,356
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........	111,189		111,033
13	Compensation of officers, directors, trustees, etc.	19,379		11,627		7,751
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)...	List of Attached Documents: // Content	3,131	715		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).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	22,510		12,342	0	7,751
25	Contributions, gifts, grants paid.......	66,124				66,124
26	Total expenses and disbursements. Add lines 24 and 25 ................	88,634		12,342	0	73,875
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	22,555
b	Net investment income (if negative, enter -0-)			98,691
c	Adjusted net income (if negative, enter -0-)...				0

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	61,099	44,558	44,558
	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)..........	1,157,696	List of Attached Documents: // Content 1,197,033	1,626,668
	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)	1,218,795	1,241,591	1,671,226
	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........	1,218,795	1,241,591
	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).....	1,218,795	1,241,591
	30	Total liabilities and net assets/fund balances (see instructions).	1,218,795	1,241,591

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

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	41,833
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	69,356
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) ..				111,189

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.


(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

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
CARNEGIE MELLON UNIVERSITY 6 PPG PLACE 14TH FLOOR PITTSBURGH,PA15222	NONE		GENERAL SUPPORT	66,124
Total ................................. 3a				66,124

bApproved for future payment

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

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
256210105 DODGE & COX INCOME F	AT COST	135,399	138,894
461418444 WCM FOCUSED INTL GRO	AT COST	31,280	33,390
464287200 ISHARES CORE S&P 500	AT COST	241,607	635,624
97717X669 WISDOMTREE U.S. QUAL
317609295 SEAFARER OVERSEAS GR
552746364 MFS EMERGING MKTS DE
00171A852 AMG RR SM CAP VAL-I	AT COST	18,077	18,371
77957Y403 T ROWE PR MID-CAP VA
89154M702 TOUCHSTONE SANDS EM	AT COST	38,207	40,392
00770X675 PZENA EMERG MKTS VAL	AT COST	36,110	41,483
057071854 BAIRD AGGREGATE BOND
258620566 DOUBLELINE TOTAL RET
46432F339 ISHARES MSCI USA QUA
46434V456 ISHARES MSCI INTL QU
72201F490 PIMCO INCOME FUND CL
921937603 VANGUARD TOTAL BD MK
04314H576 ARTISAN INTL SM/MID-
068278803 BARON SMALL CAP FUND
09260B630 BLACKROCK HIGH YIELD
25434V807 DIMENSIONAL INTERNAT	AT COST	65,580	80,189
256206103 DODGE & COX INTERNAT
464287481 ISHARES RUSSELL MID-
66538H880 MOERUS WORLDWIDE VAL
74256W584 PRINCIPAL MIDCAP FUN	AT COST	26,233	25,786
025072349 AVANTIS US LARGE CAP	AT COST	26,144	30,156
02631W607 AMER FND MULTI-SEC I	AT COST	73,027	73,027
092528603 ISHARES FLEXIBLE INC	AT COST	49,612	49,340
37954Y632 GLOBAL X ART INTEL &	AT COST	73,963	75,731
411512460 HARBOR MID CAP VALUE	AT COST	18,859	20,300
46138E800 INVESCO CHINA TECHNO	AT COST	40,306	36,972
46429B267 ISHARES U S TREASURY	AT COST	88,785	89,682
46435G326 ISHARES CORE MSCI DE	AT COST	63,333	67,716
52107V229 LAZARD INTL QLTY GRW	AT COST	37,054	34,985
589619824 MERIDIAN SMALL CAP G	AT COST	19,201	19,450
74440B884 PRUDENTIAL TOTAL RET	AT COST	114,256	115,180

Category	Amount	Net Investment Income
FOREIGN TAXES	470	470
FEDERAL TAX PAYMENT - PRIOR YE	1,078	0
FEDERAL ESTIMATES - PRINCIPAL	1,338	0
FOREIGN TAXES ON NONQUALIFIED	245	245

Software ID:
Software Version:

Description	Amount
MUTUAL FUND TIMING ADJ	241
ROUNDING	13