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
THE GRETCHEN BEINECKE CHARITABLE TRUST
ALAN SCHWARTZ TRUSTEE
Number and street (or P.O. box number if mail is not delivered to street address) CO CADWALADER 200 LIBERTY STREET
  Room/suite
City or town
NEW YORK
State or province
NY
Country  
ZIP or foreign postal code
10281
A Employer identification number

27-2511652
B Telephone number (see instructions)

2125045558
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)$3,358,185J 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... 81,670 76,191  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 103,472
b Gross sales price for all assets on line 6a 1,012,307
7 Capital gain net income (from Part IV, line 2)... 138,244
8 Net short-term capital gain.........  
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
0 46  
12 Total. Add lines 1 through 11........ 185,142 214,481  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
41,840 6,276   35,564
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
31,590 4,739   31,590
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
12,062 71   405
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
275 42   233
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 85,767 11,128   67,792
25 Contributions, gifts, grants paid....... 253,000 253,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 338,767 11,128   320,792
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -153,625
b Net investment income (if negative, enter -0-) 203,353
c Adjusted net income (if negative, enter -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............. 168,764 368,248 368,248
2 Savings and temporary cash investments.........      
3 Accounts receivable  
Less: allowance for doubtful accounts        
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        
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)....... 833,122 Click to see attachment
List of Attached Documents:
// Content
672,882 		859,203
c Investments—corporate bonds (attach schedule)....... 1,282,530 Click to see attachment
List of Attached Documents:
// Content
1,041,258 		1,058,744
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 710,991 Click to see attachment
List of Attached Documents:
// Content
759,394 		1,071,990
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) 2,995,407 2,841,782 3,358,185
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 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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 2,995,407 2,841,782
29 Total net assets or fund balances (see instructions)..... 2,995,407 2,841,782
30 Total liabilities and net assets/fund balances (see instructions). 2,995,407 2,841,782
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
2,995,407
2
Enter amount from Part I, line 27a .....................
2
-153,625
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,841,782
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
2,841,782
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 26 SHARES ACCENTURE PLC IRELAND SHARES CLASS A P 2024-10-23 2025-08-07
b 17 SHARES ABBVIE INC. P 2025-09-22 2025-10-06
c 4 SHARES AMERIPRISE FINANCIAL INC. P 2024-10-23 2025-09-03
d 12 SHARES APPLE INC. P 2024-10-23 2025-07-30
e 1 SHARE BLACKROCK INC. P 2024-10-23 2025-09-03
0.7872 SHARES CAPITAL ONE FINANCIAL CORP. P 2024-10-23 2025-05-19
38 SHARES CROWN CASTLE INC. P 2024-10-23 2025-01-07
28 SHARES DISCOVER FINANCIAL SERVICES P 2024-10-23 2025-01-28
10 SHARES JP MORGAN CHASE & CO. P 2024-10-23 2025-07-25
150 SHARES KENVUE INC. P 2024-12-02 2025-09-26
58 SHARES MERCK & CO., INC. P 2024-10-23 2025-05-06
94 SHARES MICROCHIP TECHNOLOGY INC. P 2024-12-02 2025-01-15
33 SHARES NEXTERA ENERGY INC. P 2024-10-23 2025-07-25
20 SHARES PHILLIPS 66 P 2024-10-23 2025-07-25
40 SHARES US BANCORP P 2024-10-23 2025-09-03
15 SHARES ILLINOIS TOOL WORKS INC. P 2024-10-23 2025-11-05
131 SHARES CRH PLC SHARES P 2024-10-14 2025-03-28
22 SHARES ADOBE SYSTEMS INC. P 2025-09-22 2025-11-07
13 SHARES APOLLO GLOBAL MANAGEMENT INC. P 2024-06-21 2025-01-10
73 SHARES APOLLO GLOBAL MANAGEMENT INC. P 2024-08-27  
36 SHARES APOLLO GLOBAL MANAGEMENT INC. P 2025-04-03 2025-08-21
67 SHARES APOLLO GLOBAL MANAGEMENT INC. P 2025-07-10 2025-09-08
157 SHARES CANADIAN NATURAL RESOURCES P 2025-06-10 2025-06-25
110 SHARES CISCO SYSTEMS INC. P 2025-06-05 2025-11-18
16 SHARES COSTCO WHOLESALE CORP. P 2025-09-22 2025-11-18
109 SHARES FIDELITY NATIONAL INFORMATION SERVICES INC. P 2024-07-15 2025-01-10
17 SHARES GE VERNOVA INC P 2025-04-14 2025-05-05
38 SHARES KKR & CO., INC. P 2025-06-30 2025-09-08
32 SHARES NRG ENERGY INC. P 2024-11-22 2025-05-30
6 SHARES NRG ENERGY INC. P 2024-11-22 2025-11-13
29 SHARES ORACLE CORP. P 2025-06-05 2025-08-19
14 SHARES PROCTER & GAMBLE CO. P 2024-05-16 2025-03-10
141 SHARES PUBLIC SERVICE ENTERPRISE GROUP INC. P 2025-09-22 2025-10-08
28 SHARES QUANTA SERVICES INC. P 2025-02-11 2025-02-24
30 SHARES 3M CO. P 2024-07-15 2025-06-17
10 SHARES ALPHABET INC. CLASS A P 2021-10-05 2025-11-13
12 SHARES APPLE INC. P 2016-12-06 2025-06-17
310 SHARES CANADIAN NATURAL RESOURCES P 2021-11-29 2025-02-03
44 SHARES EXXON MOBIL CORP. P 2022-12-27 2025-01-22
23 SHARES IBM CORP. P 2024-02-08 2025-03-31
14 SHARES IBM CORP. P 2024-03-18 2025-08-11
6 SHARES MICROSOFT CORP. P 2015-12-09 2025-02-14
144 SHARES NEXTERA ENERGY INC. P 2024-06-13 2025-09-03
37 SHARES PROCTER & GAMBLE CO. P 2023-11-14 2025-03-10
16 SHARES VISTRA CORP. P 2021-03-09 2025-07-16
12 SHARES VISTRA CORP. P 2021-03-09 2025-08-06
6 SHARES APPFOLIO INC. CLASS A P 2025-02-05 2025-04-04
24 SHARES APPFOLIO INC. CLASS A P 2025-02-05 2025-09-18
42 SHARES DREAM FINDERS HOMES INC. CLASS A P 2024-11-05 2025-04-04
75 SHARES DREAM FINDERS HOMES INC. CLASS A P 2025-06-20 2025-09-18
214 SHARES ENDAVA PLC ADR P 2025-06-06 2025-09-18
151 SHARES ENERPAC TOOL GROUP CORP. CLASS A P 2024-11-06 2025-09-18
8 SHARES GOOSEHEAD INC. INSURANCE CLASS A P 2024-05-01 2025-04-04
5 SHARES GOOSEHEAD INC. INSURANCE CLASS A P 2024-05-01 2025-04-23
12 SHARES KINSALE CAP GROUP INC. P 2025-08-27 2025-09-18
85 SHARES NCINO INC. P 2025-04-23 2025-09-18
27 SHARES ONESTREAM INC. CLASS A P 2024-09-23 2025-04-04
198 SHARES ONESTREAM INC. CLASS A P 2025-03-03 2025-09-18
13 SHARES SPS COMMUNICATIONS INC. P 2025-04-15 2025-09-18
16 SHARES TRIUMPH BANCORP INC. P 2024-06-04 2025-04-04
23 SHARES US PHYSICAL THERAPY P 2025-06-24 2025-09-18
36 SHARES AAON INC. P 2020-03-16 2025-01-17
11 SHARES AAON INC. P 2020-03-16 2025-04-04
55 SHARES AAON INC. P 2020-03-16 2025-09-18
620 SHARES AUTO TRADER GROUP PLC ADR P 2020-03-16 2025-04-04
3,185 SHARES AUTO TRADER GROUP PLC ADR P 2020-04-06 2025-09-18
121 SHARES DREAM FINDERS HOMES INC. CLASS A P 2022-07-25 2025-09-18
14 SHARES ASPEN TECHNOLOGY INC. P 2020-03-16 2025-03-13
46 SHARES ENDAVA PLC ADR P 2023-10-26 2025-04-04
78 SHARES ENDAVA PLC ADR P 2024-03-21 2025-09-18
7 SHARES FACTSET RESEARCH SYSTEMS INC. P 2020-03-16 2025-01-15
2 SHARES FACTSET RESEARCH SYSTEMS INC. P 2020-03-16 2025-09-18
111 SHARES FOX FACTORY HOLDING CORP. P 2024-03-20 2025-05-22
66 SHARES GOOSEHEAD INC. INSURANCE CLASS A P 2024-05-01 2025-09-18
348 SHARES HOLLEY INC. P 2022-09-21 2025-08-12
66 SHARES MORNINGSTAR INC. P 2023-05-30 2025-04-04
31 SHARES MORNINGSTAR INC. P 2023-05-30 2025-09-18
10 SHARES NVE CORP P 2020-09-17 2025-09-18
94 SHARES NATIONAL RESEARCH CORP. P 2024-04-08 2025-09-18
164 SHARES NCINO INC. P 2023-03-28 2025-09-18
19 SHARES NOVANTA INC. P 2023-10-19 2025-09-18
10 SHARES OLLIES BARGAIN OUTLET HOLDINGS INC. P 2020-03-16 2025-04-04
4 SHARES OLLIES BARGAIN OUTLET HOLDINGS INC. P 2020-03-16 2025-08-27
42 SHARES OLLIES BARGAIN OUTLET HOLDINGS INC. P 2020-03-16 2025-09-18
30 SHARES OMEGA FLEX INC. P 2022-10-06 2025-09-18
18 SHARES PRICESMART INC. P 2020-03-16 2025-09-18
28 SHARES REVOLVE GROUP INC. CLASS A P 2022-08-11 2025-04-04
146 SHARES REVOLVE GROUP INC. CLASS A P 2022-09-20 2025-09-18
407 SHARES RIGHTMOVE PLC ADR P 2020-04-06 2025-09-18
18 SHARES RYAN SPECIALTY HOLDINGS INC. CLASS A P 2021-07-29 2025-04-04
98 SHARES RYAN SPECIALTY HOLDINGS INC. CLASS A P 2021-07-29 2025-09-18
4 SHARES SPS COMMUNICATIONS INC. P 2020-08-31 2025-04-04
23 SHARES SPS COMMUNICATIONS INC. P 2020-08-31 2025-09-18
5 SHARES SERVISFIRST BANKSHARES INC. P 2022-03-11 2025-04-04
90 SHARES SERVISFIRST BANKSHARES INC. P 2023-02-23 2025-09-18
68 SHARES SMITH DOUGLAS HOMES CORP. CLASS A P 2024-08-15 2025-09-18
65 SHARES TRIUMPH BANCORP INC. P 2024-06-04 2025-09-18
7 SHARES US PHYSICAL THERAPY P 2023-01-24 2025-04-04
34 SHARES US PHYSICAL THERAPY P 2023-01-24 2025-09-18
2 SHARES SPOTIFY TECHNOLOGY SA REGISTERED SHARES P 2024-09-26 2025-03-07
4 SHARES MONDAY COM LTD. REGISTERED SHARES P 2024-02-28 2025-01-28
24 SHARES ASTRAZENECA PLC SPONSORED ADR P 2024-05-03 2025-04-28
139 SHARES MEITUAN ADR P 2024-10-18 2025-09-19
29 SHARES MITSUBISHI HEAVY INDUSTRIES LTD. ADR P 2024-07-26 2025-07-17
8 SHARES NOVO NORDISK AS ADR P 2025-03-05 2025-04-28
171 SHARES ROLLS ROYCE HOLDINGS PLC SPONSORED ADR P 2025-02-19 2025-05-05
247 SHARES ROLLS ROYCE HOLDINGS PLC SPONSORED ADR P 2025-02-19 2025-10-28
18 SHARES SAFRAN SA ADR P 2024-06-06 2025-02-19
8 SHARES SAFRAN SA ADR P 2024-06-06 2025-05-05
29 SHARES ICON PLC LTD P 2023-08-15 2025-05-08
8 SHARES STERIS PLC REGISTERED SHARES P 2018-08-06 2025-05-05
5 SHARES STERIS PLC REGISTERED SHARES P 2018-08-06 2025-06-09
4 SHARES STERIS PLC REGISTERED SHARES P 2018-08-06 2025-07-23
6 SHARES STERIS PLC REGISTERED SHARES P 2018-08-06 2025-10-28
4 SHARES SPOTIFY TECHNOLOGY SA REGISTERED SHARES P 2024-04-16 2025-10-30
8 SHARES FERRARI NV P 2020-03-25 2025-06-11
10 SHARES ASTRAZENECA PLC SPONSORED ADR P 2022-07-13 2025-04-28
4 SHARES ATLASSIAN CORP CLASS A P 2022-08-12 2025-01-31
16 SHARES ATLASSIAN CORP CLASS A P 2022-12-21 2025-08-11
129 SHARES COMPASS GROUP PLC SPONSORED ADR P 2023-06-23 2025-12-11
24 SHARES FERGUSON ENTERPRISES INC. P 2023-05-24 2025-03-11
30 SHARES NOVO NORDISK AS ADR P 2022-01-06 2025-04-28
10 SHARES SAFRAN SA ADR P 2023-11-30 2025-05-05
17 SHARES SCHNEIDER UNSPONSORED ADR P 2022-04-06 2025-02-11
78 SHARES SCHNEIDER UNSPONSORED ADR P 2022-11-21 2025-03-11
22 SHARES SEA LTD ADR P 2024-07-01 2025-03-05
117 SHARES ISHARES INC MSCI EUROZONE ETF P 2025-03-10 2025-05-12
33 SHARES ISHARES TRUST RUSSELL 1000 VALUE ETF P 2025-03-31 2025-07-14
25 SHARES ISHARES TRUST RUSSELL 1000 GROWTH ETF P 2024-11-18 2025-03-31
48 SHARES ISHARES TRUST RUSSELL 2000 ETF P 2024-12-02 2025-01-14
26 SHARES ISHARES TRUST RUSSELL 2000 ETF P 2025-02-03 2025-03-10
33 SHARES ISHARES TRUST RUSSELL 2000 ETF P 2025-02-03 2025-03-31
41 SHARES ISHARES TRUST RUSSELL 2000 ETF P 2025-07-14 2025-09-29
25 SHARES ISHARES TRUST RUSSELL 2000 ETF P 2025-05-12 2025-11-03
5 SHARES ISHARES TRUST RUSSELL 2000 ETF P 2024-09-16 2025-09-29
119 SHARES ISHARES TRUST RUSSELL 2000 ETF P 2024-09-16 2025-11-03
$22,000 GENERAL MOTORS CO. SENIOR NOTE 6.125% 10/1/25 P 2021-08-05 2025-09-02
$40,000 JP MORGAN CHASE & CO. SENIOR NOTE 3.125% 1/23/25 P 2019-10-03 2025-01-23
$35,000 MORGAN STANLEY SENIOR NOTE 4% 7/23/25 P 2021-09-21 2025-07-23
30,000 ORACLE CORP. 2.8% 4/1/27 P 2022-04-29 2025-11-28
$35,000 STRYKER CORP. 3.375% 11/1/25 P 2024-09-18 2025-11-03
$30,000 SYSCO CORP. 3.75% 10/1/25 P 2022-09-08 2025-10-01
$40,000 TOYOTA MOTOR CORP. 3.4% 4/14/25 P 2019-10-22 2025-04-14
482 SHARES ISHARES TRUST EXPANDED TECH-SOFTWARE SECTOR ETF P 2024-08-21 2025-08-11
17 SHARES BANK HAWAII CORP P 2025-03-27 2025-04-04
6 SHARES CSW INDUSTRIALS INC. P 2025-03-27 2025-04-04
27 SHARES CHOICE HOTELS INTERNATIONAL INC. P 2024-12-06 2025-04-04
66 SHARES FIRST FINANCIAL BANKSHARES INC. P 2024-07-02 2025-04-04
25 SHARES JBT MAREL CORP P 2024-05-17 2025-04-04
43 SHARES PRESTIGE CONSUMER HEALTHCARE INC. P 2025-04-03 2025-04-04
43 SHARES PRESTIGE CONSUMER HEALTHCARE INC. P 2025-09-08 2025-09-18
44 SHARES STOCK YARDS BANCORP INC. P 2025-06-23 2025-09-18
24 SHARES ALBANY INTERNATIONAL P 2020-05-14 2025-04-04
30 SHARES ALBANY INTERNATIONAL P 2020-05-14 2025-09-18
29 SHARES ARMSTRONG WORLD INDUSTRIES INC. P 2020-07-20 2025-04-04
37 SHARES ARMSTRONG WORLD INDUSTRIES INC. P 2020-12-14 2025-09-18
3 SHARES BADGER METER INC. P 2015-12-23 2025-04-04
9 SHARES BADGER METER INC. P 2015-12-23 2025-09-18
31 SHARES BANK HAWAII CORP P 2015-12-23 2025-04-04
61 SHARES BANK HAWAII CORP P 2015-12-23 2025-09-18
56 SHARES AZENTA INC. P 2024-01-11 2025-04-04
68 SHARES AZENTA INC. P 2018-02-07 2025-06-02
13 SHARES CSW INDUSTRIALS INC. P 2024-06-17 2025-09-18
72 SHARES CHEESECAKE FACTORY INC. P 2021-01-04 2025-04-04
94 SHARES CHEESECAKE FACTORY INC. P 2021-01-04 2025-09-18
26 SHARES CHOICE HOTELS INTERNATIONAL INC. P 2024-05-20 2025-09-18
58 SHARES CONSTRUCTION PARTNERS INC. CLASS A P 2020-07-01 2025-04-04
82 SHARES CONSTRUCTION PARTNERS INC. CLASS A P 2020-07-01 2025-09-18
83 SHARES EVERTEC INC. P 2020-12-17 2025-04-04
106 SHARES EVERTEC INC. P 2022-10-14 2025-09-18
28 SHARES FIRST FINANCIAL BANKSHARES INC. P 2016-02-03 2025-04-04
108 SHARES FIRST FINANCIAL BANKSHARES INC. P 2016-02-03 2025-09-18
52 SHARES HB FULLER CO P 2022-12-16 2025-04-04
64 SHARES HB FULLER CO P 2023-05-30 2025-09-18
49 SHARES GETTY REALTY CORP. P 2022-12-27 2025-04-04
109 SHARES GETTY REALTY CORP. P 2023-03-13 2025-09-18
7 SHARES HENRY JACK & ASSOCIATES P 2015-12-23 2025-04-04
11 SHARES HENRY JACK & ASSOCIATES P 2015-12-23 2025-09-18
317 SHARES HILLMAN SOLUTIONS CORP P 2022-05-04 2025-04-04
448 SHARES HILLMAN SOLUTIONS CORP P 2023-03-10 2025-09-18
21 SHARES HOULIHAN LOKEY INC. CLASS A P 2018-03-13 2025-04-01
27 SHARES HOULIHAN LOKEY INC. CLASS A P 2019-01-02 2025-04-04
35 SHARES HOULIHAN LOKEY INC. CLASS A P 2019-01-02 2025-09-18
37 SHARES JBT MAREL CORP P 2024-05-17 2025-09-18
16 SHARES LAKELAND FINANCIAL CORP P 2022-04-27 2025-04-04
17 SHARES LAKELAND FINANCIAL CORP P 2022-04-27 2025-04-17
17 SHARES LANDSTAR SYSTEM INC. P 2015-12-23 2025-04-04
21 SHARES LANDSTAR SYSTEM INC. P 2015-12-23 2025-09-18
57 SHARES NATIONAL BEVERAGE CORP P 2019-12-05 2025-04-04
64 SHARES NATIONAL BEVERAGE CORP P 2016-03-30 2025-09-18
13 SHARES PRIMERICA INC. P 2015-12-23 2025-04-04
20 SHARES PRIMERICA INC. P 2015-12-23 2025-09-18
36 SHARES RLI CORP P 2015-12-23 2025-04-04
46 SHARES RLI CORP P 2015-12-23 2015-12-23
7 SHARES RBC BEARINGS INC. P 2015-12-23 2025-03-27
8 SHARES RBC BEARINGS INC. P 2015-12-23 2025-04-04
14 SHARES RBC BEARINGS INC. P 2015-12-23 2025-09-18
27 SHARES THE SCOTTS MIRACLE GROW CO P 2018-12-27 2025-04-04
20 SHARES THE SCOTTS MIRACLE GROW CO P 2018-12-27 2025-04-24
15 SHARES THE SCOTTS MIRACLE GROW CO P 2018-12-27 2025-05-06
18 SHARES SITEONE LANDSCAPE SUPPLY INC. P 2017-01-06 2025-04-04
23 SHARES SITEONE LANDSCAPE SUPPLY INC. P 2017-01-06 2025-09-18
25 SHARES THOR INDUSTRIES INC. P 2016-05-11 2025-04-04
30 SHARES THOR INDUSTRIES INC. P 2016-05-11 2025-09-18
13 SHARES UNIFIRST CORP MASS P 2022-01-18 2025-04-04
19 SHARES UNIFIRST CORP MASS P 2022-01-18 2025-09-18
12 SHARES WD 40 CO. P 2015-12-23 2025-04-04
14 SHARES WD 40 CO. P 2015-12-23 2025-09-18
10 SHARES WATSCO INC. P 2017-05-02 2025-04-04
13 SHARES WATSCO INC. P 2017-05-02 2025-09-18
CAPITAL GAINS 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 6,260   9,616 -3,356
b 3,884   3,807 77
c 2,019   2,081 -62
d 2,507   2,754 -247
e 1,095   988 107
155   111 44
3,327   4,166 -839
5,594   4,041 1,553
2,981   2,240 741
2,444   3,518 -1,074
4,576   6,172 -1,596
5,370   6,934 -1,564
2,366   2,801 -435
2,502   2,574 -72
1,931   1,935 -4
3,662   3,847 -185
11,718   11,786 -68
7,205   8,013 -808
2,028   1,526 502
11,326   8,398 2,928
4,794   4,501 293
8,949   9,136 -187
4,924   5,076 -152
8,430   6,435 1,995
14,460   15,644 -1,184
8,421   7,976 445
6,817   5,453 1,364
5,208   5,062 146
4,978   3,054 1,924
999   573 426
6,918   4,981 1,937
2,493   2,348 145
11,369   11,557 -188
7,412   8,710 -1,298
4,319   3,089 1,230
2,802   1,362 1,440
2,371   329 2,042
9,256   6,259 2,997
4,891   4,787 104
5,709   4,208 1,501
3,342   2,697 645
2,447   334 2,113
10,357   10,100 257
6,589   5,230 1,359
2,966   276 2,690
2,451   207 2,244
1,301   1,392 -91
6,672   5,570 1,102
942   1,358 -416
2,142   2,061 81
2,015   4,622 -2,607
6,513   7,675 -1,162
861   421 440
531   263 268
5,178   5,373 -195
2,613   1,937 676
493   929 -436
3,869   6,105 -2,236
1,417   1,700 -283
798   1,165 -367
1,838   1,801 37
4,687   1,207 3,480
811   369 442
4,833   1,844 2,989
1,457   790 667
8,250   4,009 4,241
3,456   2,427 1,029
3,710   2,558 1,152
803   2,281 -1,478
734   3,453 -2,719
3,161   1,704 1,457
614   487 127
2,704   9,147 -6,443
5,329   3,049 2,280
1,174   2,149 -975
1,631   1,243 388
7,469   4,208 3,261
668   525 143
1,494   3,812 -2,318
5,041   6,786 -1,745
2,242   2,657 -415
1,148   433 715
527   173 354
5,819   1,819 4,000
1,055   2,181 -1,126
2,121   767 1,354
521   804 -283
3,545   3,766 -221
8,006   5,054 2,952
1,283   526 757
5,197   2,838 2,359
515   322 193
2,507   1,849 658
348   442 -94
7,726   7,431 295
1,250   1,929 -679
3,841   4,734 -893
470   650 -180
2,717   2,413 304
1,059   758 301
1,052   879 173
1,671   1,832 -161
3,772   6,609 -2,837
1,268   672 596
498   728 -230
1,777   1,404 373
3,757   1,790 1,967
1,178   1,039 139
548   462 86
4,034   3,763 271
1,807   914 893
1,217   571 646
900   456 444
1,441   683 758
2,659   1,197 1,462
3,858   1,245 2,613
696   666 30
1,215   1,124 91
2,568   2,245 323
4,061   3,637 424
3,805   3,703 102
1,867   1,544 323
685   440 245
856   549 307
3,835   2,297 1,538
3,207   1,518 1,689
6,669   6,326 343
6,480   6,163 317
8,907   9,702 -795
10,542   10,554 -12
5,208   6,004 -796
6,542   7,231 -689
9,889   9,126 763
6,122   5,192 930
1,206   1,088 118
29,139   22,430 6,709
22,000   22,080 -80
40,000   40,000 0
35,000   35,000 0
29,411   27,729 1,682
35,000   34,626 374
30,000   29,579 421
40,000   40,000 0
52,844   41,757 11,087
1,031   1,189 -158
1,559   1,725 -166
3,378   3,368 10
2,089   1,959 130
2,575   2,347 228
3,583   3,654 -71
4,032   4,956 -924
3,340   3,327 13
1,471   1,265 206
1,729   1,464 265
3,780   2,305 1,475
7,303   2,890 4,413
517   90 427
1,577   269 1,308
1,880   1,977 -97
4,136   3,890 246
1,635   1,711 -76
1,789   1,707 82
3,279   3,449 -170
3,240   2,652 588
5,177   2,015 3,162
2,861   3,103 -242
3,971   1,022 2,949
10,782   1,444 9,338
2,799   3,027 -228
3,597   3,709 -112
886   345 541
3,853   1,331 2,522
2,726   3,372 -646
3,952   4,316 -364
1,470   1,681 -211
3,044   3,705 -661
1,242   547 695
1,723   859 864
2,463   3,676 -1,213
4,384   3,770 614
3,419   996 2,423
3,986   1,250 2,736
7,302   1,301 6,001
5,062   3,370 1,692
838   1,177 -339
900   1,250 -350
2,309   984 1,325
2,673   1,216 1,457
2,441   1,368 1,073
2,468   1,393 1,075
3,237   625 2,612
5,491   961 4,530
2,782   1,091 1,691
3,024   1,394 1,630
2,337   459 1,878
2,434   525 1,909
5,389   919 4,470
1,380   1,613 -233
1,074   1,195 -121
822   896 -74
2,018   649 1,369
3,165   830 2,335
1,755   1,615 140
3,124   1,938 1,186
2,092   2,526 -434
3,239   3,432 -193
2,960   1,187 1,773
2,990   1,385 1,605
4,777   1,387 3,390
5,045   1,803 3,242
2     2
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       -3,356
b       77
c       -62
d       -247
e       107
      44
      -839
      1,553
      741
      -1,074
      -1,596
      -1,564
      -435
      -72
      -4
      -185
      -68
      -808
      502
      2,928
      293
      -187
      -152
      1,995
      -1,184
      445
      1,364
      146
      1,924
      426
      1,937
      145
      -188
      -1,298
      1,230
      1,440
      2,042
      2,997
      104
      1,501
      645
      2,113
      257
      1,359
      2,690
      2,244
      -91
      1,102
      -416
      81
      -2,607
      -1,162
      440
      268
      -195
      676
      -436
      -2,236
      -283
      -367
      37
      3,480
      442
      2,989
      667
      4,241
      1,029
      1,152
      -1,478
      -2,719
      1,457
      127
      -6,443
      2,280
      -975
      388
      3,261
      143
      -2,318
      -1,745
      -415
      715
      354
      4,000
      -1,126
      1,354
      -283
      -221
      2,952
      757
      2,359
      193
      658
      -94
      295
      -679
      -893
      -180
      304
      301
      173
      -161
      -2,837
      596
      -230
      373
      1,967
      139
      86
      271
      893
      646
      444
      758
      1,462
      2,613
      30
      91
      323
      424
      102
      323
      245
      307
      1,538
      1,689
      343
      317
      -795
      -12
      -796
      -689
      763
      930
      118
      6,709
      -80
      0
      0
      1,682
      374
      421
      0
      11,087
      -158
      -166
      10
      130
      228
      -71
      -924
      13
      206
      265
      1,475
      4,413
      427
      1,308
      -97
      246
      -76
      82
      -170
      588
      3,162
      -242
      2,949
      9,338
      -228
      -112
      541
      2,522
      -646
      -364
      -211
      -661
      695
      864
      -1,213
      614
      2,423
      2,736
      6,001
      1,692
      -339
      -350
      1,325
      1,457
      1,073
      1,075
      2,612
      4,530
      1,691
      1,630
      1,878
      1,909
      4,470
      -233
      -121
      -74
      1,369
      2,335
      140
      1,186
      -434
      -193
      1,773
      1,605
      3,390
      3,242
      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 2 138,244
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 2,827
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 2,827
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 2,827
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 6,520
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,520
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 3,693
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax3,693 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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
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)
NY
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 .
8b
Yes
 
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 addressN/A
14
The books are in care ofALAN SCHWARTZ Telephone no. (212) 504-5558

Located atCADWALADER 200 LIBERTY STREETNEW YORKNY ZIP+4102810006
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)
 
No
(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
 
 
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
ALAN SCHWARTZ TRUSTEE
5.00 		0 0 0
C/O CADWALADER 200 LIBERTY STREET
NEW YORK,NY10281
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 NONE 0
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 NONE 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
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
3,086,572
b
Average of monthly cash balances.......................
1b
322,164
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
3,408,736
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
3,408,736
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
51,131
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,357,605
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
167,880
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
167,880
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
2,827
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,827
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
165,053
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
165,053
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
165,053
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
320,792
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
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
320,792
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 7 165,053
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......  
b From 2021......  
c From 2022......  
d From 2023...... 153,645
e From 2024...... 179,921
f Total of lines 3a through e ........ 333,566
4Qualifying distributions for 2025 from Part
XI, line 4: $ 320,792
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..... 165,053
e Remaining amount distributed out of corpus 155,739
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 5 489,305
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		489,305
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 .... 153,645
d Excess from 2024 .... 179,921
e Excess from 2025 .... 155,739
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 e-mail address of the person to whom applications should be addressed:
ALAN SCHWARTZ
C/O CADWALADER 200 LIBERTY STREET
NEW YORK,NY10281
(212) 504-5558
bThe form in which applications should be submitted and information and materials they should include:
LETTER
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
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

AMERICAN CHORAL DIRECTORS ASSOCIATION

545 COUCH DRIVE
OKLAHOMA CITY,OK73102 		    EDUCATIONAL 10,000

AMERICAN FRIENDS OF THE BAR ILAN UNIVERSITY

160 E 56TH STREET 5
NEW YORK,NY10022 		    EDUCATIONAL 11,000

ARIZONA STATE UNIVERSITY FOUNDATION

1151 S FOREST AVENUE
TEMPE,AZ85287 		    EDUCATIONAL 15,000

CHABAD OF THE BERKSHIRES

6450 SOUTH STREET
PITTSFIELD,MA01201 		    RELIGIOUS 10,000

ESHEL INC

60 BROAD STREET 24TH FLOOR
NEW YORK,NY10004 		    HUMANITARIAN 5,000

FIFTH AVENUE SYNAGOGUE

5 EAST 62ND STREET
NEW YORK,NY10065 		    RELIGIOUS 5,000

GIFT OF LIFE BONE MARROW FOUNDATION INC

800 YAMOTO ROAD SUITE 101
BOCA RATON,FL33436 		    HEALTH/SCIENTIFIC 10,000

GLEANINGS INC

5025 COLLINS AVENUE PH2
MIAMI BEACH,FL33140 		    HUMANITARIAN 10,000

GREATER MIAMI HEBREW ACADEMY

2400 PINE TREE DRIVE
MIAMI BEACH,FL33140 		    EDUCATIONAL 5,000

GREATER MIAMI JEWISH FEDERATION INC

4200 BISCAYNE BLVD
MIAMI,FL33137 		    EDUCATIONAL/RELIGIOUS 20,000

JEWISH BOOK COUNCIL

520 8TH AVENUE 4TH FLOOR
NEW YORK,NY10018 		    CHARITABLE 15,000

MIAMI BEACH CHAMBER OF COMMERCE

1920 MERIDIAN AVENUE
MIAMI BEACH,FL33139 		    EDUCATIONAL 5,000

MIAMI BEACH JEWISH COMMUNITY

4221 PINE TREE DRIVE
MIAMI BEACH,FL33140 		    HUMANITARIAN 10,000

MOUNT SINAI

1 GUSTAV L LEVY PLACE
NEW YORK,NY10029 		    EDUCATIONAL 25,000

NEW JEWISH NARRATIVE

1320 19TH STREET NW SUITE 400
WASHINGTON,DC20036 		    HUMANITARIAN 5,000

SIXTH STREET COMMUNITY SYNAGOGUE

325 EAST 6TH STREET
NEW YORK,NY10003 		    RELIGIOUS 30,000

THE NEW YORK HISTORICAL

170 CENTRAL PARK WEST
NEW YORK,NY10024 		    EDUCATIONAL 2,000

TORAH LISHMAH INSTITUTE

25 CLIFTON AVENUE
YONKERS,NY10705 		    EDUCATIONAL 5,000

TUORO COLLEGE

320 W 31ST STREET
NEW YORK,NY10001 		    EDUCATIONAL 15,000

UNIVERSITY OF CONNECTICUT

1295 STORRS ROAD
STORRS,CT06268 		    EDUCATIONAL 40,000
Total ................................. 3a 253,000
bApproved for future payment
Total ................................. 3b 0
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 ....         81,670
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 ............ 		        103,472
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) .. 0 0 185,142
13Total. Add line 12, columns (b), (d), and (e)..................
13
185,142
(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.)
4 N/A
8 N/A
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 InvestmentsCorpBondsSchedule
Name:
THE GRETCHEN BEINECKE CHARITABLE TRUST
 
ALAN SCHWARTZ TRUSTEE
EIN:
27-2511652
Name of Bond End of Year Book Value End of Year Fair Market Value
$20,000 AMERICAN WATER CAP CORP. 3.75% DUE 9/1/28 20,642 19,922
$25,000 UNILEVER CAPITAL CORP. 5.0% DUE 12/8/2033 24,789 25,932
$30,000 AMERICAN EXPRESS 1.65% DUE 11/4/26 27,261 29,457
$30,000 BAKER HUGHES HOLDINGS LLC 2.06% DUE 12/15/26 27,739 29,480
$30,000 BANK NY MELLON CORP. 2.05% DUE 1/26/27 28,027 29,447
$30,000 BROWN FORMAN CORP. 4.75% DUE 4/15/3033 29,911 30,464
$30,000 CANADIAN NATURAL RESOURCES LTD. 2.95% DUE 7/15/2030 26,265 28,291
$30,000 CENTERPOINT ENERGY HOUSTON ELECTRIC LLC 3% DUE 2/1/27 29,432 29,747
$30,000 CITIGROUP INC. 3.2% DUE 10/21/266 30,069 29,827
$30,000 CONOCOPHILLIPS 5.9% DUE 10/15/2032 32,454 32,609
$30,000 DUKE ENERGY CAROLINAS LLC 2.95% DUE 12/1/26 29,093 29,782
$30,000 ENTERGY LA LLC 3.25% DUE 4/1/28 28,715 29,593
$30,000 ESTEE LAUDER COS., INC. 3.15% DUE 3/15/2027 29,514 29,749
$30,000 INTERNATIONAL BUSINESS MACHINES CORP. 4.4% DUE 7/27/2032 29,296 29,968
$30,000 LOUISVILLE GAS & ELECTRIC CO. 5.45% DUE 4/15/2033 30,899 31,419
$30,000 MERCK & CO. INC. 4.5% DUE 5/17/2033 29,974 30,329
$30,000 META PLATFORMS INC. 3.5% DUE 8/15/2027 28,895 29,943
$30,000 NATIONAL RURAL UTILITIES COOP FINANCE CORP. 3.05% DUE 4/25/2027 29,259 29,681
$30,000 NATIONAL RURAL UTILITIES COOP FINANCE CORP. 5.8% DUE 1/15/2033 30,865 32,206
$30,000 PUBLIC SERVICE CO. 1.9% DUE 1/15/2031 24,384 26,711
$30,000 PUBLIC SERVICE CO. NEW HAMPSHIRE 5.35% DUE 10/1/2033 29,956 31,356
$30,000 UNION PACIFIC CORP. 2.75% DUE 3/1/26 29,264 29,936
$30,000 UNITEDHEALTH GROUP INC. 5.25% DUE 2/15/28 29,987 30,833
$35,000 DUKE ENERGY PROGRESS LLC 3.45% DUE 3/15/29 32,232 34,472
$35,000 RIO TINTO FIN USA PLC 5.0% DUE 3/9/2033 33,449 35,998
$35,000 UNILEVER CAPITAL CORP. 2.9% DUE 5/5//2027 31,869 34,661
$35,000 UNION ELECTRIC CO. 1ST MORTGAGE 2.95% DUE 3/15/2030 31,813 33,381
$40,000 ABBVIE INC. SENIOR NOTE 4.95% DUE 3/15/2031 40,053 41,401
$40,000 RAYTHEON CO. 7.0% DUE 11/1/28 55,983 42,823
$40,000 ROCKWELL AUTOMATION INC. 3.5% DUE 3/1/2029 39,173 39,358
$40,000 SOUTHWEST GAS CORP. 3.7% DUE 4/1/28 43,843 39,649
$45,000 HERSHEY COMPANY 1.7% DUE 6/1/2030 38,564 40,635
$45,000 SERVICENOW INC. 1.40% DUE 9/1/2030 37,589 39,684

TY 2025 InvestmentsCorpStockSchedule
Name:
THE GRETCHEN BEINECKE CHARITABLE TRUST
 
ALAN SCHWARTZ TRUSTEE
EIN:
27-2511652
Name of Stock End of Year Book Value End of Year Fair Market Value
11 SHARES LINDE PLC 3,631 4,690
131 SHARES UBS GROUP AG 4,003 6,067
14 SHARES WASTE CONNECTIONS INC. 1,878 2,459
152 SHARES ICICI BANK LTD. ADR 3,379 4,530
156 SHARES VERIZON COMMUNICATIONS INC. 6,647 6,354
2 SHARES MERCADOLIBRE INC. 2,862 4,029
224 SHARES COUPANG INC. CLASS A 5,040 5,284
260 SHARES ADYEN NV ADR 3,675 4,152
30 SHARES HOME DEPOT INC. 11,939 10,323
31 SHARES AMGEN INC. 9,766 10,147
32 SHARES SAP SE SPONSORED ADR 7,990 7,773
33 SHARES SNAP ON INC. 10,718 11,372
349 SHARES NU HOLDINGS LIMITED REGISTERED SHARE 3,884 5,842
37 SHARES ARTHUR J. GALLAGHER & CO. 10,690 9,575
39 SHARES UNION PACIFIC CORP. 9,414 9,021
52 SHARES TAIWAN SEMICONDUCTOR MFG. CO. SPONSORED ADR 7,409 15,802
6 SHARES ASM INTERNATIONAL NV NY REGISTERED SHARES 1,908 3,621
60 SHARES STARBUCKS CORP. 5,814 5,053
62 SHARES ARCH CAPITAL GROUP LTD. 4,325 5,947
68 SHARES EXPERIAN PLC SPONSORED ADR 1,273 3,072
69 SHARES CANADIAN PACIFIC KANSAS CITY LTD. 2,359 5,087
71 SHARES ABBOTT LABS 8,275 8,896
8 SHARES AON PLC REGISTERED CLASS A 1,812 2,823
474 SHARES 3I GROUP PLC ADR 4,789 5,162
68 SHARES 3M CO. 8,452 10,887
82 SHARES ABBVIE INC. 16,219 18,736
92 SHARES ALPHABET INC. CLASS A 11,123 28,796
91 SHARES AMAZON.COM INC. 14,946 21,005
22 SHARES AMERIPRISE FINANCIAL INC. 11,444 10,787
63 SHARES APPLE INC. 11,299 17,127
8 SHARES ASML HOLDINGS NV NY REGISTRY SHARES 2,020 8,559
63 SHARES ASTRZENECA PLC SPONSORED ADR 4,382 5,792
202 SHARES AT&T INC. 5,680 5,018
112 SHARES BAE SYSTEMS PLC SPONSORED ADR 6,881 10,403
399 SHARES BANK AMERICA CORP. 15,797 21,945
35 SHARES BERKSHIRE HATHAWAY INC. CLASS B 12,387 17,593
11 SHARES BLACKROCK INC. 10,865 11,774
108 SHARES CANADIAN NATURAL RESOURCES 3,071 3,656
41 SHARES CAPITAL ONE FINANCIAL CORP. 5,806 9,937
81 SHARES CHEVRON CORP. 12,251 12,345
218 SHARES CISCO SYSTEMS INC. 13,046 16,793
35 SHARES CME GROUP INC. 9,279 9,558
155 SHARES DELL TECHNOLOGIES INC. CLASS C 19,491 19,511
148 SHARES DEUTSCHE BOERSE ADR 4,729 3,891
60 SHARES DUKE ENERGY CORP. 7,288 7,033
9 SHARES EATON CORP. PLC 3,528 2,867
21 SHARES FERGUSON ENTERPRISES INC. 5,224 4,675
9 SHARES FERRARI NV 1,575 3,368
22 SHARES GOLDMAN SACHS GROUP INC. 6,726 19,338
47 SHARES HERSEY CO. 8,818 8,553
70 SHARES IBM CORP. 14,487 20,735
121 SHARES JP MORGAN CHASE & CO. 23,962 38,989
194 SHARES KENVUE INC. 4,476 3,347
17 SHARES LOCKHEED MARTIN CORP. 9,138 8,222
20 SHARES META PLATFORMS CLASS A 12,896 13,202
83 SHARES MICROSOFT CORP. 32,152 40,140
334 SHARES MITSUBISHI HEAVY INDUSTRIES LTD. ADR 3,868 8,093
16 SHARES MONDAY COM LTD. REGISTERED SHARES 3,504 2,361
44 SHARES MORGAN STANLEY 5,855 7,811
80 SHARES NEXTERA ENERGY INC. 5,977 6,422
320 SHARES NINTENDO LTD. ADR 6,446 5,395
64 SHARES NOVO NORDISK A.S. ADR 4,825 3,256
132 SHARES NRG ENERGY INC. 12,995 21,020
9 SHARES PARKER HANNIFIN CORP. 5,913 7,911
131 SHARES PAYCHEX INC. 18,076 14,696
182 SHARES PHILIP MORRIS INTERNATIONAL INC. 27,379 29,193
50 SHARES PHILLIPS 66 6,436 6,452
37 SHARES PROCTER & GAMBLE COMPANY 5,594 5,302
101 SHARES PROLOGIS INC. 11,689 12,894
9 SHARES RHEINMETALL ADR 3,374 3,290
648 SHARES ROLLS ROYCE HOLDINGS PLC SPONSORED ADR 4,789 10,187
103 SHARES SAFRAN S.A. ADR 4,799 8,966
73 SHARES SEA LTD. ADR 5,038 9,313
23 SHARES SEAGATE TECHNOLOGY HOLDINGS PB LTD. 5,282 6,334
32 SHARES SHOPIFY INC. CLASS A 5,238 5,151
112 SHARES SIEMANS ENERGY AG ADR 5,132 15,697
8 SHARES SPOTIFY TECHNOLOGY SA REGISTERED SHARES 2,485 4,646
104 SHARES TENCENT HOLDINGS LTD. ADR 7,029 7,961
135 SHARES US BANCORP 6,529 7,204
117 SHARES VERTIV HOLDINGS CO. CLASS A 16,689 18,955
106 SHARES VISTRA CORP. 4,676 17,101
63 SHARES WEC ENERGY GROUP INC. 6,466 6,644
164 SHARES WELLS FARGO & CO. 13,881 15,285

TY 2025 InvestmentsOtherSchedule2
Name:
THE GRETCHEN BEINECKE CHARITABLE TRUST
 
ALAN SCHWARTZ TRUSTEE
EIN:
27-2511652
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
135 SHARES ETFIS SERIES TRUST I REAVES UTILITIES ETF AT COST 10,417 10,658
342 SHARES INVESCO QQQ AT COST 165,685 210,094
427 SHARES ISHARES TRUST EXPANDED TECH-SOFTWARE SECTOR ETF AT COST 37,439 45,130
573 SHARES ISHARES TRUST RUSSELL 1000 GROWTH ETF AT COST 216,692 271,201
944 SHARES SELECT SECTOR SPDR TRUST TECHNOLOGY AT COST 106,608 135,908
437 SHARES SPDR S&P 500 ETF TRUST SERIES I AT COST 132,205 297,999
15 SHARES VANGUARD INDEX FUNDS VANGUARD GROWTH ETF AT COST 7,545 7,318
76 SHARES VANGUARD WORLD FUNDS INFORMATION TECHNOLOGY ETF AT COST 53,389 57,287
379 SHARES ISHARE TRUST MSCI EAFE ETF AT COST 29,414 36,395

TY 2025 LegalFeesSchedule
Name:
THE GRETCHEN BEINECKE CHARITABLE TRUST
 
ALAN SCHWARTZ TRUSTEE
EIN:
27-2511652
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CADWALADER, WICKERSHAM & TAFT LLP 41,840 6,276   35,564


TY 2025 OtherExpensesSchedule
Name:
THE GRETCHEN BEINECKE CHARITABLE TRUST
 
ALAN SCHWARTZ TRUSTEE
EIN:
27-2511652
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NEW YORK STATE FILING FEE 250 38   212
BANK WIRE FEE 25 4   21


TY 2025 OtherIncomeSchedule2
Name:
THE GRETCHEN BEINECKE CHARITABLE TRUST
 
ALAN SCHWARTZ TRUSTEE
EIN:
27-2511652
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CAPITAL GAIN DIVIDENDS   46  


TY 2025 OtherProfessionalFeesSchedule
Name:
THE GRETCHEN BEINECKE CHARITABLE TRUST
 
ALAN SCHWARTZ TRUSTEE
EIN:
27-2511652
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 31,590 4,739   31,590


TY 2025 TaxesSchedule
Name:
THE GRETCHEN BEINECKE CHARITABLE TRUST
 
ALAN SCHWARTZ TRUSTEE
EIN:
27-2511652
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
US TREASURY - EXCISE TAX FOR 2024 11,586 0   0
FOREIGN TAX WITHHELD 310 46   264
ADR FEES 166 25   141