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 V & L MARX FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 14 BROOKLINE ROAD
  Room/suite
City or town
SCARSDALE
State or province
NY
Country  
ZIP or foreign postal code
10583
A Employer identification number

03-0536676
B Telephone number (see instructions)

2019090090
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)$183,575,937J 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 86,401 86,401  
4 Dividends and interest from securities... 3,106,550 3,106,550  
5a Gross rents............ 20,076 20,076  
b Net rental income or (loss) 20,076
6a Net gain or (loss) from sale of assets not on line 10 538,966
b Gross sales price for all assets on line 6a 12,616,905
7 Capital gain net income (from Part IV, line 2)... 538,966
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
34,413 34,413  
12 Total. Add lines 1 through 11........ 3,786,406 3,786,406  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
16,000 8,000   8,000
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
100,134 6,039    
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
194,813 193,118   1,695
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 310,947 207,157   9,695
25 Contributions, gifts, grants paid....... 7,647,500 7,647,500
26 Total expenses and disbursements. Add lines 24 and 25 ................ 7,958,447 207,157   7,657,195
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,172,041
b Net investment income (if negative, enter -0-) 3,579,249
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.............      
2 Savings and temporary cash investments......... 3,664,310 2,950,044 2,950,044
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) 4,091,929    
b Investments—corporate stock (attach schedule)....... 53,887,389 Click to see attachment
List of Attached Documents:
// Content
54,499,329 		175,688,144
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).......... 3,684,379 Click to see attachment
List of Attached Documents:
// Content
3,720,064 		4,924,935
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
16,852 		Click to see attachment
List of Attached Documents:
// Content
12,814 		Click to see attachment
List of Attached Documents:
// Content
12,814
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 65,344,859 61,182,251 183,575,937
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 ) Click to see attachment
List of Attached Documents:
// Content
39,271 		Click to see attachment
List of Attached Documents:
// Content
48,704
23 Total liabilities (add lines 17 through 22)......... 39,271 48,704
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........ 54,190,390 54,190,390
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 11,115,198 6,943,157
29 Total net assets or fund balances (see instructions)..... 65,305,588 61,133,547
30 Total liabilities and net assets/fund balances (see instructions). 65,344,859 61,182,251
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
65,305,588
2
Enter amount from Part I, line 27a .....................
2
-4,172,041
3
Other increases not included in line 2 (itemize)
3
 
4
Add lines 1, 2, and 3 ..........................
4
61,133,547
5
Decreases not included in line 2 (itemize)
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
61,133,547
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 DISCOVERY INC C P 2025-11-24 2025-11-24
b FORTREA HLDGS INC P 2024-10-24 2025-03-26
c MATADOR RES CO P 2024-10-24 2025-02-12
d ADVANCED MICRO DEVIC P 2024-12-18 2025-11-17
e ISHARES EXPANDED TECH SECTOR ETF P 2020-03-17 2025-07-23
WASATCH SMALL CAP VALUE INSTITUTIONA P 2024-12-12 2025-04-29
CONESTOGA SMALL CAP INSTITUTIONAL P 2018-06-01 2025-03-07
VANGUARD MID CAP ETF P 2020-03-10 2025-01-13
ORGANON & CO P 2023-06-16 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
LYONDELLBASELL INDUS A P 2018-12-06 2025-12-17
STANLEY BLACK & DECK P 2022-11-16 2025-12-17
BRIGGS & STRATTON CO P 2019-02-26 2025-10-03
UNITED PARCEL SVC IN B P 2020-02-28 2025-01-31
FERGUSON ENTERPRISES P 2024-09-17 2025-11-03
FORTREA HLDGS INC P 2024-09-20 2025-03-26
MATADOR RES CO P 2024-05-10 2025-02-12
ADVANCED MICRO DEVIC P 2024-12-18 2025-11-04
NEUBERGER BERMAN GENESIS INSTL P 2024-12-16 2025-07-15
WASATCH SMALL CAP VALUE INSTITUTIONA P 2024-12-12 2025-04-29
DISNEY WALT CO P 2023-10-16 2025-02-18
VANGUARD MID CAP ETF P 2015-10-05 2025-01-13
ORGANON & CO P 2023-03-17 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
PFIZER INC P 2014-09-26 2025-12-18
LYONDELLBASELL INDUS A P 2018-10-30 2025-12-17
STANLEY BLACK & DECK P 2022-11-16 2025-12-17
BRIGGS & STRATTON CO P 2019-01-29 2025-10-03
UNITED PARCEL SVC IN B P 2020-02-26 2025-01-31
FISERV INC P 2025-07-23 2025-11-03
FORTREA HLDGS INC P 2024-07-15 2025-03-26
RADNET INC P 2019-03-08 2025-02-12
RBC BEARINGS INC P 2020-09-28 2025-11-03
NEUBERGER BERMAN GENESIS INSTL P 2023-12-15 2025-07-15
WASATCH SMALL CAP VALUE INSTITUTIONA P 2024-08-19 2025-04-29
DISNEY WALT CO P 2023-05-15 2025-02-18
VANGUARD MID CAP ETF P 2011-09-13 2025-01-13
ORGANON & CO P 2022-12-16 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
PFIZER INC P 2014-05-28 2025-12-18
LYONDELLBASELL INDUS A P 2018-08-03 2025-12-17
STANLEY BLACK & DECK P 2022-11-16 2025-12-17
RAMACO RES INC B P 2023-12-19 2025-09-19
UNITED PARCEL SVC IN B P 2019-08-02 2025-01-31
FISERV INC P 2025-05-05 2025-11-03
FORTREA HLDGS INC P 2024-06-07 2025-03-26
RADNET INC P 2019-03-07 2025-02-12
ADVANCED MICRO DEVIC P 2024-12-18 2025-10-24
NEUBERGER BERMAN GENESIS INSTL P 2023-12-15 2025-07-15
PFIZER INC P 2024-11-25 2025-04-07
DISNEY WALT CO P 2023-04-28 2025-02-18
VANGUARD MID CAP ETF P 2011-06-28 2025-01-13
ORGANON & CO P 2022-09-16 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
PFIZER INC P 2014-02-14 2025-12-18
LYONDELLBASELL INDUS A P 2017-12-20 2025-12-17
STANLEY BLACK & DECK P 2022-11-16 2025-12-17
SOUTHERN COPPER CORP P 2022-08-12 2025-09-04
UNITED PARCEL SVC IN B P 2012-01-20 2025-01-31
FISERV INC P 2025-04-07 2025-11-03
FORTREA HLDGS INC P 2024-06-06 2025-03-26
RADNET INC P 2019-03-06 2025-02-12
ALPHABET INC A P 2019-01-25 2025-10-24
NEUBERGER BERMAN GENESIS INSTL P 2023-05-26 2025-07-15
PFIZER INC P 2024-02-08 2025-04-07
DISNEY WALT CO P 2022-08-03 2025-02-18
US TREASURY 4.25% 12/31/2025 P 2024-12-05 2025-12-31
ORGANON & CO P 2022-06-17 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
PFIZER INC P 2013-11-21 2025-12-18
LYONDELLBASELL INDUS A P 2017-09-12 2025-12-17
STANLEY BLACK & DECK P 2022-11-16 2025-12-17
US TREASURY 0.25% 08/31/2025 P 2024-12-05 2025-08-31
UNITED PARCEL SVC IN B P 2011-11-09 2025-01-31
FISERV INC P 2025-04-04 2025-11-03
FORTREA HLDGS INC P 2024-05-10 2025-03-26
ZURN ELKAY WTR SOLUT P 2022-11-08 2025-02-12
ADVANCED MICRO DEVIC P 2024-12-18 2025-10-08
NEUBERGER BERMAN GENESIS INSTL P 2023-05-19 2025-07-15
CONESTOGA SMALL CAP INSTITUTIONAL P 2023-12-04 2025-03-07
DISNEY WALT CO P 2022-07-25 2025-02-18
ORGANON & CO P 2025-12-11 2025-12-18
ORGANON & CO P 2022-03-18 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
PFIZER INC P 2013-08-16 2025-12-18
LYONDELLBASELL INDUS A P 2017-05-31 2025-12-17
STANLEY BLACK & DECK P 2022-11-16 2025-12-17
RAMACO RES INC B P 2023-12-19 2025-05-30
CASH IN LIES OF FRACTIONS SHARELS P 2025-12-31 2025-12-31
FISERV INC P 2021-02-01 2025-11-03
FORTREA HLDGS INC P 2023-07-05 2025-03-26
APOLLO GLOBAL MGMT I P 2019-04-01 2025-01-17
ALPHABET INC A P 2019-01-25 2025-09-25
NEUBERGER BERMAN GENESIS INSTL P 2022-12-15 2025-07-15
CONESTOGA SMALL CAP INSTITUTIONAL P 2023-05-26 2025-03-07
DISNEY WALT CO P 2022-04-21 2025-02-18
ORGANON & CO P 2025-09-11 2025-12-18
ORGANON & CO P 2021-12-17 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
AT&T INC P 2019-12-27 2025-12-18
LYONDELLBASELL INDUS A P 2016-09-13 2025-12-17
STANLEY BLACK & DECK P 2022-11-16 2025-12-17
SOUTHERN COPPER CORP P 2022-08-12 2025-05-19
1231 GAIN FROM SYNDICATES P 1996-01-01 2025-12-31
BLACKSTONE INC P 2025-04-04 2025-07-23
FORTREA HLDGS INC P 2023-04-24 2025-03-26
APOLLO GLOBAL MGMT I P 2019-01-25 2025-01-17
ALPHABET INC A P 2019-01-25 2025-09-15
NEUBERGER BERMAN GENESIS INSTL P 2022-12-15 2025-07-15
CONESTOGA SMALL CAP INSTITUTIONAL P 2022-12-06 2025-03-07
DISNEY WALT CO P 2022-01-24 2025-02-18
ORGANON & CO P 2025-06-12 2025-12-18
ORGANON & CO P 2021-09-14 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
AT&T INC P 2017-12-20 2025-12-18
STANLEY BLACK & DECK P 2022-11-16 2025-12-17
STANLEY BLACK & DECK P 2021-12-28 2025-12-17
NVIDIA CORP P 2015-12-01 2025-04-03
KKR K-1 P 2010-01-01 2025-12-31
CHARLES SCHWAB CORP P 2025-04-14 2025-07-23
FORTREA HLDGS INC P 2019-02-05 2025-03-26
BLACKSTONE INC P 2019-02-19 2025-01-17
IDEX CORP P 2025-02-18 2025-09-09
NEUBERGER BERMAN GENESIS INSTL P 2022-12-15 2025-07-15
CONESTOGA SMALL CAP INSTITUTIONAL P 2022-05-09 2025-03-07
DISNEY WALT CO P 2021-11-04 2025-02-18
ORGANON & CO P 2025-03-13 2025-12-18
ORGANON & CO P 2021-07-28 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
AT&T INC P 2017-07-25 2025-12-18
STANLEY BLACK & DECK P 2022-11-16 2025-12-17
STANLEY BLACK & DECK P 2021-12-22 2025-12-17
US TREASURY 0.5% 03/31/2025 P 2024-07-05 2025-03-31
CHARLES SCHWAB CORP P 2025-04-04 2025-07-23
FORTREA HLDGS INC P 2019-01-23 2025-03-26
BLACKSTONE INC P 2019-02-05 2025-01-17
IDEX CORP P 2025-02-05 2025-09-09
NEUBERGER BERMAN GENESIS INSTL P 2022-05-10 2025-07-15
CONESTOGA SMALL CAP INSTITUTIONAL P 2021-12-03 2025-03-07
DISNEY WALT CO P 2020-03-06 2025-02-18
ORGANON & CO P 2024-12-12 2025-12-18
ORGANON & CO P 2021-07-28 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
AT&T INC P 2014-12-10 2025-12-18
STANLEY BLACK & DECK P 2022-11-16 2025-12-17
RAMACO RES INC B P 2023-12-19 2025-12-05
US TREASURY 1.75% 03/15/2025 P 2024-06-12 2025-03-15
FERGUSON ENTERPRISES P 2024-09-17 2025-07-21
MICROSOFT CORP P 2019-01-23 2025-03-25
BLACKSTONE INC P 2019-01-23 2025-01-17
IDEX CORP P 2024-05-24 2025-09-09
NEUBERGER BERMAN GENESIS INSTL P 2022-03-08 2025-07-15
CONESTOGA SMALL CAP INSTITUTIONAL P 2020-03-10 2025-03-07
DISNEY WALT CO P 2018-03-02 2025-02-18
ORGANON & CO P 2024-09-12 2025-12-18
ORGANON & CO P 2004-02-10 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
AT&T INC P 2013-09-03 2025-12-18
STANLEY BLACK & DECK P 2022-11-16 2025-12-17
SOUTHERN COPPER CORP P 2022-08-12 2025-11-28
OCCIDENTAL PETE CORP WARRANT 08/03/2 P 2020-08-03 2025-03-11
MATADOR RES CO P 2024-10-24 2025-07-21
APOLLO GLOBAL MGMT I P 2019-01-25 2025-02-12
RBC BEARINGS INC P 2020-09-28 2025-12-16
IDEX CORP P 2024-05-02 2025-09-09
NEUBERGER BERMAN GENESIS INSTL P 2021-12-14 2025-07-15
CONESTOGA SMALL CAP INSTITUTIONAL P 2019-12-05 2025-03-07
DISNEY WALT CO P 2017-11-10 2025-02-18
ORGANON & CO P 2024-06-13 2025-12-18
ORGANON & CO P 2004-02-10 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
AT&T INC P 2013-08-15 2025-12-18
STANLEY BLACK & DECK P 2022-11-16 2025-12-17
SIRIUS XM HLDGS INC P 2025-10-13 2025-10-13
SIRIUS XM HLDGS INC P 2025-03-07 2025-03-07
ZURN ELKAY WTR SOLUT P 2025-04-04 2025-07-21
BLACKSTONE INC P 2019-01-23 2025-02-12
ISHARES EXPANDED TECH SECTOR ETF P 2020-03-17 2025-12-15
IDEX CORP P 2023-10-27 2025-09-09
NEUBERGER BERMAN GENESIS INSTL P 2021-12-14 2025-07-15
CONESTOGA SMALL CAP INSTITUTIONAL P 2018-12-21 2025-03-07
DISNEY WALT CO P 2017-10-05 2025-02-18
ORGANON & CO P 2024-03-14 2025-12-18
PFIZER INC P 2024-01-30 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
AT&T INC P 2013-08-06 2025-12-18
STANLEY BLACK & DECK P 2022-11-16 2025-12-17
BRIGGS & STRATTON CO P 2020-05-27 2025-10-03
RAMACO RES INC B P 2023-12-19 2025-02-28
ALPHABET INC C P 2019-01-23 2025-03-28
ALPHABET INC C P 2019-01-23 2025-02-12
ANALOG DEVICES INC P 2017-04-07 2025-12-05
IDEX CORP P 2023-05-26 2025-09-09
NEUBERGER BERMAN GENESIS INSTL P 2021-08-26 2025-07-15
CONESTOGA SMALL CAP INSTITUTIONAL P 2018-12-06 2025-03-07
RBC BEARINGS INC P 2020-09-28 2025-02-05
ORGANON & CO P 2023-12-15 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
AT&T INC P 2004-02-10 2025-12-18
STANLEY BLACK & DECK P 2022-11-16 2025-12-17
BRIGGS & STRATTON CO P 2019-06-10 2025-10-03
SOUTHERN COPPER CORP P 2022-08-12 2025-02-27
MATADOR RES CO P 2024-10-24 2025-03-28
MICROSOFT CORP P 2019-01-23 2025-02-12
ALPHABET INC A P 2019-01-25 2025-11-25
ADVANCED MICRO DEVIC P 2024-12-18 2025-07-31
WASATCH SMALL CAP VALUE INSTITUTIONA P 2024-12-12 2025-04-29
CONESTOGA SMALL CAP INSTITUTIONAL P 2018-12-06 2025-03-07
MASTERCARD INC A P 2020-05-18 2025-01-27
ORGANON & CO P 2023-09-15 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
PFIZER INC P 2021-01-12 2025-12-18
LYONDELLBASELL INDUS A P 2019-01-18 2025-12-17
STANLEY BLACK & DECK P 2022-11-16 2025-12-17
BRIGGS & STRATTON CO P 2019-04-04 2025-10-03
US TREASURY 2% 02/15/2025 P 2024-05-10 2025-02-15
(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 1,193     1,193
b 32,074   66,804 -34,730
c 23,457   20,646 2,811
d 18,601   9,412 9,189
e 31,923   9,349 22,574
17,265   22,402 -5,137
43,413   33,148 10,265
52,176   29,481 22,695
485   1,496 -1,011
2,504   3,716 -1,212
17,528   26,004 -8,476
219,039   437,505 -218,466
430   489 -59
       
114,009   89,542 24,467
141,392   116,127 25,265
52,332   149,524 -97,192
35,186   39,141 -3,955
18,980   9,412 9,568
4,539   4,989 -450
223   289 -66
21,830   16,926 4,904
78,264   36,000 42,264
461   1,477 -1,016
5,058   7,506 -2,448
250,401   282,551 -32,150
87,615   171,955 -84,340
72   82 -10
       
228,019   190,421 37,598
59,266   117,931 -58,665
5,064   16,062 -10,998
6,160   1,343 4,817
21,222   6,125 15,097
448   493 -45
122,291   158,672 -36,381
21,830   18,407 3,423
104,353   27,804 76,549
352   1,463 -1,111
2,504   3,716 -1,212
250,401   281,246 -30,845
43,808   110,912 -67,104
72   82 -10
16   13 3
114,009   116,505 -2,496
111,947   310,777 -198,830
40,515   130,371 -89,856
24,639   5,385 19,254
31,281   15,687 15,594
8,455   9,294 -839
27,924   32,850 -4,926
21,830   20,461 1,369
26,088   7,911 18,177
345   1,449 -1,104
172,777   256,404 -83,627
125,201   151,111 -25,910
87,615   222,105 -134,490
24,131   27,479 -3,348
52   24 28
114,009   75,520 38,489
6,585   18,931 -12,346
20,257   66,307 -46,050
36,958   8,304 28,654
26,089   5,500 20,589
22,094   24,287 -2,193
122,867   151,411 -28,544
10,915   10,789 126
600,000   599,697 303
293   1,436 -1,143
2,504   3,715 -1,211
82,632   100,103 -17,471
65,712   142,443 -76,731
7,160   8,154 -994
600,000   600,000  
342,028   207,750 134,278
79,021   247,905 -168,884
1,688   7,140 -5,452
35,867   22,870 12,997
41,029   21,962 19,067
27,559   30,294 -2,735
3,483   2,659 824
10,915   10,262 653
112   122 -10
282   1,425 -1,143
2,504   3,716 -1,212
100,160   108,096 -7,936
43,808   80,413 -36,605
72   82 -10
3   5 -2
191     191
131,702   214,509 -82,807
43,047   176,028 -132,981
83,363   13,115 70,248
49,211   11,001 38,210
508   558 -50
33,127   25,294 7,833
10,915   12,615 -1,700
78   122 -44
321   1,412 -1,091
2,504   3,716 -1,212
73,380   90,221 -16,841
109,519   186,303 -76,784
6,086   6,932 -846
32   16 16
24,072     24,072
34,079   24,505 9,574
1,688   7,010 -5,322
33,345   5,035 28,310
18,670   4,125 14,545
169   186 -17
13,109   10,009 3,100
16,372   20,229 -3,857
82   121 -39
283   1,400 -1,117
1,928   2,861 -933
122,301   148,146 -25,845
14,321   16,306 -1,985
71,604   185,690 -114,086
1,544,551   12,131 1,532,420
135,399     135,399
47,757   39,042 8,715
1,688   4,270 -2,582
178,439   30,936 147,503
8,088   9,843 -1,755
22,131   24,328 -2,197
54,571   41,668 12,903
24,558   38,077 -13,519
736   1,669 -933
7   29 -22
2,504   3,716 -1,212
122,301   139,890 -17,589
215   245 -30
71,604   179,290 -107,686
600,000   600,000  
19,103   13,980 5,123
12,661   30,498 -17,837
53,532   9,686 43,846
24,264   30,085 -5,821
32,236   35,436 -3,200
14,496   11,069 3,427
10,915   11,493 -578
712   1,639 -927
16,994   72,521 -55,527
10,016   14,860 -4,844
73,380   74,873 -1,493
7,160   8,154 -994
1   1  
600,000   600,000  
27,560   25,245 2,315
78,960   21,189 57,771
178,439   30,191 148,248
16,176   21,558 -5,382
19,670   21,623 -1,953
33,386   25,492 7,894
21,830   20,453 1,377
545   1,617 -1,072
7,882   19,402 -11,520
1,202   1,784 -582
122,301   127,559 -5,258
7,160   8,152 -992
65   22 43
12,555   2,475 10,080
49,865   51,615 -1,750
46,421   7,553 38,868
22,521   6,125 16,396
12,132   16,553 -4,421
3   3  
4,989   3,809 1,180
49,117   47,257 1,860
527   1,595 -1,068
9,119   33,098 -23,979
2,504   3,716 -1,212
73,380   79,428 -6,048
644   734 -90
37     37
760     760
111,282   87,973 23,309
80,473   15,096 65,377
19,278   5,009 14,269
16,176   19,314 -3,138
15,770   17,336 -1,566
31,439   24,006 7,433
51,846   47,828 4,018
587   1,571 -984
125,201   135,475 -10,274
12,595   18,691 -6,096
122,301   136,391 -14,090
1,289   1,467 -178
       
1   1  
7,994   2,659 5,335
37,249   10,636 26,613
14,128   4,000 10,128
101,100   126,453 -25,353
75,832   83,360 -7,528
1,262   964 298
27,247   9,187 18,060
808   1,538 -730
1,227   1,821 -594
2,454   3,641 -1,187
42,805   45,161 -2,356
1,074   1,223 -149
       
20   11 9
2,501   2,581 -80
30,632   7,946 22,686
64,284   11,001 53,283
26,421   18,825 7,596
2,004   2,601 -597
1,430   1,092 338
13,377   7,201 6,176
525   1,516 -991
2,504   3,716 -1,212
5,584   8,287 -2,703
219,039   435,489 -216,450
1,719   1,956 -237
       
600,000   600,000  
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       1,193
b       -34,730
c       2,811
d       9,189
e       22,574
      -5,137
      10,265
      22,695
      -1,011
      -1,212
      -8,476
      -218,466
      -59
       
      24,467
      25,265
      -97,192
      -3,955
      9,568
      -450
      -66
      4,904
      42,264
      -1,016
      -2,448
      -32,150
      -84,340
      -10
       
      37,598
      -58,665
      -10,998
      4,817
      15,097
      -45
      -36,381
      3,423
      76,549
      -1,111
      -1,212
      -30,845
      -67,104
      -10
      3
      -2,496
      -198,830
      -89,856
      19,254
      15,594
      -839
      -4,926
      1,369
      18,177
      -1,104
      -83,627
      -25,910
      -134,490
      -3,348
      28
      38,489
      -12,346
      -46,050
      28,654
      20,589
      -2,193
      -28,544
      126
      303
      -1,143
      -1,211
      -17,471
      -76,731
      -994
       
      134,278
      -168,884
      -5,452
      12,997
      19,067
      -2,735
      824
      653
      -10
      -1,143
      -1,212
      -7,936
      -36,605
      -10
      -2
      191
      -82,807
      -132,981
      70,248
      38,210
      -50
      7,833
      -1,700
      -44
      -1,091
      -1,212
      -16,841
      -76,784
      -846
      16
      24,072
      9,574
      -5,322
      28,310
      14,545
      -17
      3,100
      -3,857
      -39
      -1,117
      -933
      -25,845
      -1,985
      -114,086
      1,532,420
      135,399
      8,715
      -2,582
      147,503
      -1,755
      -2,197
      12,903
      -13,519
      -933
      -22
      -1,212
      -17,589
      -30
      -107,686
       
      5,123
      -17,837
      43,846
      -5,821
      -3,200
      3,427
      -578
      -927
      -55,527
      -4,844
      -1,493
      -994
       
       
      2,315
      57,771
      148,248
      -5,382
      -1,953
      7,894
      1,377
      -1,072
      -11,520
      -582
      -5,258
      -992
      43
      10,080
      -1,750
      38,868
      16,396
      -4,421
       
      1,180
      1,860
      -1,068
      -23,979
      -1,212
      -6,048
      -90
      37
      760
      23,309
      65,377
      14,269
      -3,138
      -1,566
      7,433
      4,018
      -984
      -10,274
      -6,096
      -14,090
      -178
       
       
      5,335
      26,613
      10,128
      -25,353
      -7,528
      298
      18,060
      -730
      -594
      -1,187
      -2,356
      -149
       
      9
      -80
      22,686
      53,283
      7,596
      -597
      338
      6,176
      -991
      -1,212
      -2,703
      -216,450
      -237
       
       
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 2 538,966
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 -669,905
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 49,752
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  
3 Add lines 1 and 2........................... 3 49,752
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 49,752
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 80,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 80,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8  
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 30,248
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax30,248 Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
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 ofPETER ZOCH CPA Telephone no. (201) 909-0090

Located at365 W PASSAIC ST SUITE 310365 W PASSAIC ST SUITE 310ROCHELLE PARKNJ ZIP+407662
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
 
 
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
JENNIFER GRUENBERG PRESIDENT
15.00 		0 0 0
14 BROOKLINE ROAD
SCARSDALE,NY10583
WENDY GRUENBERG SECRETARY
2.00 		0 0 0
14 BROOKLINE ROAD
SCARSDALE,NY10583
LEONARD GRUENBERG VP/CHIEF FIN
5.00 		0 0 0
14 BROOKLINE ROAD
SCARSDALE,NY10583
JON GRUENBERG TREASURER
2.00 		0 0 0
14 BROOKLINE ROAD
SCARSDALE,NY10583
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...................  
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
BECK MACK & OLIVER LLC INVESTMENT ADVI 130,476
565 FIFTH AVE 19TH FLOOR
NEW YORK,NY100177111
SHEET SMITH WEALTH MANAGMENT INVESTMENT ADVI 51,188
120 CLUB OAKS CT SUITE 200
WINSTON SALEM,NC271044680
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................  
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
164,283,084
b
Average of monthly cash balances.......................
1b
3,914,521
c
Fair market value of all other assets (see instructions)................
1c
4,565,616
d
Total (add lines 1a, 1b, and 1c).......................
1d
172,763,221
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
172,763,221
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
8,300,000
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
164,463,221
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
8,223,161
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
8,223,161
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
49,752
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
49,752
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
8,173,409
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
8,173,409
6
Deduction from distributable amount (see instructions) .................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
8,173,409
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
7,657,195
b
Program-related investments—total from Part VIII-B..................
1b
 
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
7,657,195
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 8,173,409
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 7,565,873
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2025 from Part
XI, line 4: $ 7,657,195
a Applied to 2024, but not more than line 2a 7,565,873
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		 
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		 
d Applied to 2025 distributable amount..... 91,322
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2025.    
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		8,082,087
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) ....... 		 
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
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:
JENNIFER GRUENBERG
14 BROOKLINE ROAD
SCARSDALE,NY10583
(201) 909-0090
bThe form in which applications should be submitted and information and materials they should include:
A STATEMENT(VIA US MAIL)DETAILING COMPLETE INFORMATION AS TO GRANT REQUESTED.
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

914 CARES

28 KAYSAL COURT SUITE 1
ARMONK,NY10504 		    GENERAL CORPORATE PURPOSE 5,000

A BETTER CHANCE

235 WEST 35TH STREET 6TH
NEW YORK,NY100011907 		    GENERAL CORPORATE PURPOSE 5,000

AFYA FOUNDATION OF AMERICA

140 SAW MILL RIVER ROAD
YONKERS,NY10701 		    GENERAL CORPORATE PURPOSE 10,000

AMERICAN FOLK ART MSEUM

47-29 32ND PLACE
LONG ISLAND CITY,NY111012409 		    GENERAL CORPORATE PURPOSE 1,000

AMERICAN FRIENDS OF SOROKA MEDICAL

PO BOX 184-H
SCARSDALE,NY10583 		    GENERAL CORPORATE PURPOSE 15,000

AMERICAN JEWISH COMMITTEE

165 EAST 56TH STEET
NEW YORK,NY10022 		    GENERAL CORPORATE PURPOSE 8,500

AMERICAN MUSEUM OF NATURAL HISTORY

200 CENTRAL PARK WEST
NEW YORK,NY100245102 		    GENERAL CORPORATE PURPOSE 5,000

ARC WESTCHESTER FOUNDATION (FORMELY

GLEESON-ISRAEL GATEWAY CE
HAWTHORNE,NY10532 		    GENERAL CORPORATE PURPOSE 25,000

BARRIER ISLAND PARKS SOCIETY

PO BOX 637
BOCA GRANDE,FL33921 		    GENERAL CORPORATE PURPOSE 4,000

BERKELEY DIVINITY SCHOOL - YALE

409 PROSPECT STREET
NEW HAVEN,CT06511 		    GENERAL CORPORATE PURPOSE 10,000

BLOSSER CENTER THE

PO BOX 18082
PORTLAND,OR97218 		    GENERAL CORPORATE PURPOSE 50,000

BLYTHEDALE CHILDREN'S HOSPITAL

95 BRADHURST AVENUE
VALHALLA,NY105957555 		    GENERAL CORPORATE PURPOSE 4,000

BOCA GRANDE HEALTH CLINIC FOUNDATIO

PO BOX 2340
BOCA GRANDE,FL33921 		    GENERAL CORPORATE PURPOSE 750,000

BOCA GRANDE PRESCHOOL

PO BOX 1386
BOCA GRANDE,FL33921 		    GENERAL CORPORATE PURPOSE 40,000

BOCA GRANDE WOMAN'S CLUB

PO BOX 65
BOCA GRANDE,FL33921 		    GENERAL CORPORATE PURPOSE 25,000

BOSTON UNIVERSITY-HENRY M GOLDMAN S

85 EAST NEWTON STREET M-
BOSTON,MA02118 		    GENERAL CORPORATE PURPOSE 10,000

BRAIN & BEHAVIOR RESEARCH FOUNDATIO

747 THIRD AVENUE 33RD FL
NEW YORK,NY10017 		    GENERAL CORPORATE PURPOSE 10,000

BRANDEIS UNIVERSITY

415 SOUTH STREET MS126
WALTHAM,MA02453 		    GENERAL CORPORATE PURPOSE 10,000

BREAST CANCER ALLIANCE

48 MAPLE AVENUE
GREENWICH,CT06830 		    GENERAL CORPORATE PURPOSE 2,500

BRIDGE GOLF FOUNDATION THE

33 WEST 116TH STREET
NEW YORK,NY10026 		    GENERAL CORPORATE PURPOSE 5,000

BURKE REHABILITATION HOSPITAL

785 MAMARONECK AVENUE
WHITE PLAINS,NY10605 		    GENERAL CORPORATE PURPOSE 10,000

CANCER SUPPORT COMMUNITY OF GREATER

2010 HOGBACK ROAD SUITE
ANN ARBOR,MI481059749 		    GENERAL CORPORATE PURPOSE 5,000

CARAMOOR CENTER FOR MUSIC AND THE A

PO BOX 816
KATONAH,NY10536 		    GENERAL CORPORATE PURPOSE 1,000

CARNEGIE HALL

881 SEVENTH AVENUE
NEW YORK,NY10019 		    GENERAL CORPORATE PURPOSE 20,000

CASA-NYC (COURT APPOINTED SPECIAL A

48 WALL STREET 11TH FLOO
NEW YORK,NY10005 		    GENERAL CORPORATE PURPOSE 5,000

CATHOLIC CHARITIES DIOCESE OF VENI

PO BOX 1386
BOCA GRANDE,FL339211386 		    GENERAL CORPORATE PURPOSE 10,000

CATLIN GABEL SCHOOL

8825 SW BARNES ROAD
PORTLAND,OR97225 		    GENERAL CORPORATE PURPOSE 10,000

CENTER FOR HEARING AND COMMUNICATIO

50 BROADWAY 6TH FLOOR
NEW YORK,NY10004 		    GENERAL CORPORATE PURPOSE 10,000

CENTRAL PARK CONSERVANCY

717 FIFTH AVENUE
NEW YORK,NY10022 		    GENERAL CORPORATE PURPOSE 5,000

CHILD CARE COUNCIL OF WESTCHESTER

313 CENTRAL PARK AVENUE
SCARSDALE,NY10583 		    GENERAL CORPORATE PURPOSE 25,000

CSCNYCT AT GILDA'S CLUB OF WESTCHES

80 MAPLE AVENUE
WHITE PLAINS,NY106015105 		    GENERAL CORPORATE PURPOSE 2,500

DANVLLE AREA COMMUNITY COLLEGE

2000 EAST MAIN STREET
DANVILLE,IL61832 		    GENERAL CORPORATE PURPOSE 1,000

DARTMOUTH COLLEGE

6066 DEVELOPMENT OFFICE
HANOVER,NH037554400 		    GENERAL CORPORATE PURPOSE 95,000

ECOLOGY IN CLASSROOMS AND OUTDOORS

25 NW 23RD PLACE SUITE 6
PORTLAND,OR97210 		    GENERAL CORPORATE PURPOSE 25,000

ENTERTAINMENT COMMUNITY FUND (FORME

729 SEVENTH AVEUE 10TH F
NEW YORK,NY10019 		    GENERAL CORPORATE PURPOSE 5,000

FEEDING WESTCHESTER

200 CLEARBROOK ROAD SUIT
ELMSFORD,NY10523 		    GENERAL CORPORATE PURPOSE 5,000

FOUNDATION IN SUPPORT OF EDUCATIONA

250 WARBURTON AVENUE
YONKERS,NY10701 		    GENERAL CORPORATE PURPOSE 25,000

FRIENDS OF BOCA GRANDE COMMUNITY CE

131 FIRST STREET WEST PO
BOCA GRANDE,FL33921 		    GENERAL CORPORATE PURPOSE 16,500

FRIENDS OF THE SCARSDALE LIBRARY

PO BOX 628
SCARSDALE,NY10583 		    GENERAL CORPORATE PURPOSE 25,000

FSHD SOCIETY INC

75 NORTH MAIN STREET SUI
RANDOLPH,MA02368 		    GENERAL CORPORATE PURPOSE 1,500

GBS-CIPD FOUNDATION INTERNATIONAL

375 EAST ELM STREET SUIT
CONSHOHOCKEN,PA19428 		    GENERAL CORPORATE PURPOSES 10,000

GICIA - GASPARILLA ISLAND CONSERVAT

PO BOX 446 131 FIRST S
BOCA GRANDE,FL33921 		    GENERAL CORPORATE PURPOSE 7,500

GRAD BAG

PO BOX 605
SCARSDALE,NY10583 		    GENERAL CORPORATE PURPOSE 15,000

GREATER MILWAUKEE FOUNDATION

101 W PLEASANTT STREET S
MILWAUKEE,WI53212 		    GENERAL CORPORATE PURPOSE 5,000

HACKENSACK UNIVERSITY MEDICAL CENTE

20 PROSPECT AVENUE SUITE
HACKENSACK,NJ07601 		    GENERAL CORPORATE PURPOSE 2,500

HACKLEY SCHOOL

293 BENEDICT AVENUE
TARRYTOWN,NY10591 		    GENERAL CORPORATE PURPOSE 75,000

HEBREW UNION COLLEGE

1 WEST 4TH STREET
NEW YORK,NY100121186 		    GENERAL CORPORATE PURPOSE 25,000

HINDU TEMPLE OF TRI-STATE

390 NORTH STEET
WHITE PLAINS,NY10605 		    GENERAL CORPORATE PURPOSE 110,000

HOSPICE OF WESTCHESTER

1025 WESTCHESTER AVENUE
WHITE PLAINS,NY10604 		    GENERAL CORPORATE PURPOSE 20,000

HUDSON INSTITUTE

1201 PENNSYLVANIA AVENUE
WASHINGTON,DC200042401 		    GENERAL CORPORATE PURPOSE 25,000

HUNTER COLLEGE FOUNDATION THE

695 PARK AVENE EAST 1313
NEW YORK,NY10065 		    GENERAL CORPORATE PURPOSE 10,000

ICHAN SCHOOL OF MEDICINE AT MT SINA

ONE GUSTAVE L LEVY PLACE
NEW YORK,NY10029 		    GENERAL CORPORATE PURPOSE 100,000

INTERNATIONAL MYELOMA FOUNDATION

4400 COLDWATER CANYON AVE
STUDIO CITY,CA91604 		    GENERAL CORPORATE PURPOSE 40,000

ISLAND SCHOOL THE

PO BOX 1090
BOCA GRANDE,FL339211090 		    GENERAL CORPORATE PURPOSE 50,000

ISRAEL CANCER RESEARCH FUND

52 VANDERBILT AVENUE SUI
NEW YORK,NY100173834 		    GENERAL CORPORATE PURPOSE 10,000

JACOB BURNS FILM CENTER

405 MANVILLE ROAD
PLEASANTVILLE,NY10570 		    GENERAL CORPORATE PURPOSE 1,500

JCCA (JEWISH CHILD CARE ASSOCITION)

120 WALL STREET 20TH FLOO
NEW YORK,NY10005 		    GENERAL CORPORATE PURPOSE 10,000

JF LIBRARY FOUNDATION

PO BOX 309 1040 WEST 1
BOCA GRANDE,FL33921 		    GENERAL CORPORATE PURPOSE 31,000

JUILLIARD SCHOOL

60 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		    GENERAL CORPORATE PURPOSE 10,000

JUNIOR LEAGUE OF CENTRAL WESTCHESTE

1039 POST ROAD
SCARSDALE,NY10583 		    GENERAL CORPORATE PURPOSE 10,000

LET'S WIN PANCRATIC CANCER

422 EAST 72ND STREET SUI
HEW YORK,NY10021 		    GENERAL CORPORATE PURPOSES 10,000

LIBRARY FOUNDATION THE - MULTNOMAH

620 SW FIFTH AVENUE SUIT
PORTLAND,OR97204 		    GENERAL CORPORATE PURPOSE 250,000

LINCOLN CENTER

70 LINCOLN CENTER P LAZA
NEW YORK,NY100236583 		    GENERAL CORPORATE PURPOSE 6,000

LUSTGARTEN FOUNDATION

415 CROSSWAYS PARK DRIVE
WOODBURY,NY11797 		    GENERAL CORPORATE PURPOSE 2,500

MANHATTAN THEATRE CLUB

311 WEST 43RD STREET 8TH
NEW YORK,NY10036 		    GENERAL CORPORATE PURPOSE 10,000

MAYO CLINIC

200 FIRST STREET SW
ROCHESTER,MN55905 		    GENERAL CORPORATE PURPOSE 5,000

MEMORIAL SLOAN KETTERING CANCER CEN

633 THIRD AVENUE 5TH FLO
NEW YORK,NY10017 		    GENERAL CORPORATE PURPOSE 5,000

METROPOLOITAN FAMILY SRVICE

1700 NW CIVIC DRIVE 200
GRESHAM,OR970303773 		    GENERAL CORPORATE PURPOSE 25,000

METROPOLITAN GOLF ASSOCIATION CADDI

49 KNOLLWOOD ROAD
ELMSFORD,NY10523 		    GENERAL CORPORATE PURPOSE 17,500

METROPOLITAN MUSEUM OF ART

1000 FIFTH AVENUE
NEW YORK,NY10028 		    GENERAL CORPORATE PURPOSE 10,000

MIRYAM INSTITUTE

PO BOX 243
GREAT NECK,NY11022 		    GENERAL CORPORATE PURPOSE 10,000

MOBILIZATION FOR JUSTICE

100 WILLIAM STREET 6TH F
NEW YORK,NY10038 		    GENERAL CORPORATE PURPOSE 10,000

MOUNT SINAI HEALTH MEDICAL SCHOOL

ONE GUSTAVE L LEVY PLACE
NEW YORK,NY10029 		    GENERAL CORPORATE PURPOSE 10,000

NATIONAL DOWN SYNDROME SOCIETY

115 15TH ST NW STE 540
WASHINGTON,DC20005 		    GENERAL CORPORATE PURPOSE 10,000

NEW ALTERNATIVES FOR CHILDREN

825 7TH AVENUE 9TH FLOOR
NEW YORK,NY10019 		    GENERAL CORPORATE PURPOSE 25,000

NEW YORK BOTANICAL GARDEN

2900 SOUTHERN BLVD
BRONX,NY104580649 		    GENERAL CORPORATE PURPOSE 5,000

NEW YORK PHILHARMONIC

DAVID GEFFEN HALL 10 LIN
NEW YORK,NY10023 		    GENERAL CORPORATE PURPOSE 730,000

NEW YORK PUBLIC LIBRARY

270 MADISON AVENUE 12TH
NEW YORK,NY10016 		    GENERAL CORPORATE PURPOSE 10,000

NEW YORK PUBLIC RADIO-WQXR

169 VARICK STREET
NEW YORK,NY10013 		    GENERAL CORPORATE PURPOSE 10,000

OREGON EPISCOPAL SCHOOL

6300 SW NICHOL ROAD
PORTLAND,OR97223 		    GENERAL CORPORATE PURPOSES 75,000

PARALYZED VETERANS OF AMERICA

PO BOX 758589
TOPEKA,KS666758589 		    GENERAL CORPORATE PURPOSES 1,000

PARKINSON'S FOUNDATION THE

1359 BROADWAY SUITE 1509
NEW YORK,NY10018 		    GENERAL CORPORATE PURPOSE 15,000

PEPS (PROGRAM FOR EARLY PARENT SUP

4649 SUNNYSIDE AVENUE NOR
SEATTLE,WA98103 		    GENERAL CORPORATE PURPOSE 5,000

RAMAPO FOR CHILDREN

PO BOX 266
RHINEBECK,NY125720266 		    GENERAL CORPORATE PURPOSE 5,000

READING RESULTS

3115 NE SANDY BOULEVARD
PORTLAND,OR97232 		    GENERAL CORPORATE PURPOSE 150,000

RETT SYNDROME RESEARCH TRUST

67 UNDER CLIFF ROAD
TRUMBULL,CT06611 		    GENERAL CORPORATE PURPOSE 50,000

ROCKEFELLER UNIVERSITY

1230 YORK AVENUE AT EAST
NEW YORK,NY10065 		    GENERAL CORPORATE PURPOSE 3,500

ROYAL PALM PLAYERS

PO BOX 954
BOCA GRANDE,FL33921 		    GENERAL CORPORATE PURPOSE 5,000

SCARSDALE ADULT SCHOOL

PO BOX 205
SCARSDALE,NY10583 		    GENERAL CORPORATE PURPOSE 10,000

SCARSDALE EDGEMONT FAMILY COUNSELIN

14 HARWOOD COURT 405
SCARSDALE,NY10583 		    GENERAL CORPORATE PURPOSE 55,000

SCARSDALE FOUNDATION

PO BOX 542
SCARSDALE,NY10583 		    GENERAL CORPORATE PURPOSE 5,000

SCARSDALE VOLUNTEER AMBULANCE CORPS

PO BOX 92
SCARSDALE,NY10583 		    GENERAL CORPORATE PURPOSE 25,000

SCARSDALE WOMAN'S CLUB

37 DRAKE ROAD
SCARSDALE,NY10583 		    GENERAL CORPORATE PURPOSE 25,000

SCARSDALE WOMAN'S EXCHANGE

6 HARWOOD COURT
SCASDALE,NY10583 		    GENERAL CORPORATE PURPOSE 10,000

STUDENT ADVOCACY

3 WEST MAIN STREET SUITE
ELMSFORD,NY10523 		    GENERAL CORPORATE PURPOSE 2,500

SUMMER CAMP THE

8 CHURCH STREET
BRIDGTON,ME04009 		    GENERAL CORPORATE PURPOSE 40,000

SUNRISE DAY CAMPS ASSOCIATION

11 NEIL COURT
OCENSIDE,NY11572 		    GENERAL CORPORATE PURPOSE 18,000

TEAM GLEASON FOUNDATION

PO BOX 24493
NEW ORLEANS,LA70184 		    GENERAL CORPORATE PURPOSE 1,000

THE ACCELERATION PROJECT

PO BOX 335
SCARSDALE,NY10583 		    GENERAL CORPORATE PURPOSE 20,000

THE 1898 FOUNDATION

PO BOX 248
PURCHASE,NY10577 		    GENERAL CORPORATE PURPOSE 10,000

THE SHADOW PROJECT

2154 NE BROADWAY SUITE 1
PORTLAND,OR97232 		    GENERAL CORPORATE PURPOSE 25,000

TROUT UNLIMITED

1700 NORTH MOORE STREEET
ARLINGTON,VA22209 		    GENERAL CORPORATE PURPOSE 5,000

TUFTS UNIVERSITY SCHOOL OF MEDICINE

136 HARRISON AVENUE
BOSTON,MA02111 		    GENERAL CORPORATE PURPOSE 10,000

UJA FEDERATION

130 EAST 59TH STREET
NEW YORK,NY10022 		    GENERAL CORPORATE PURPOSE 50,000

UNITED WAY OF WESTCHESTER & PUTNAM

336 CENTRAL PARK AVENUE
WHIE PLAINS,NY10606 		    GENERAL CORPORATE PURPOSE 25,000

URBANGLASS

647 FULTON STREET
BROOKLYN,NY11217 		    GENERAL CORPORATE PURPOSE 5,000

VOLUNTEER NEW YORK

220 WHITE PLAINS ROAD 2N
TARRYTOWN,NY10591 		    GENERAL CORPORATE PURPOSE 25,000

WEILL CORNELL MEDICINE DEPARTMENT O

1300 YORK AVENUE BOX 314
NEW YORK,NY10065 		    GENERAL CORPORATE PURPOSE 10,000

WESTCHESTER CHILDREN'S ASSOCIATION

470 MAMARONECK AVENUE SU
WHITE PLAINS,NY10605 		    GENERAL CORPORATE PURPOSE 45,000

WESTCHESTER COMMUNITY COLLEGE FOUND

HARTFORD HALL 75 GRASSLA
VALHALLA,NY10595 		    GENERAL CORPORATE PURPOSE 620,000

WESTCHESTER JEWISH COMMUNITY SERVIC

845 NORTH BRODWAY
WHITE PLAINS,NY10603 		    GENERAL CORPORATE PURPOSE 10,000

WESTCHESTER PARKS FOUNDATION

104 SMITH AVENUE
MOUNT KISCO,NY10549 		    GENERAL CORPORATE PURPOSE 2,500

WESTCHESTER REFORM TEMPLE

255 MAMARONECK ROAD
SCARSDALE,NY10583 		    GENERAL CORPORATE PURPOSE 100,000

WHITE PLAINS HOSPITAL

41 EAST POST ROAQD
WHITE PLAINS,NY10601 		    GENERAL CORPORATE PURPOSE 2,075,000

WILD CENTER THE

45 MUSEUM DRIVE
TUPPER LAKE,NY12986 		    GENERAL CORPORATE PURPOSE 2,000

WILDLIFE IMPACT

PO BOX 31062
PORTLAND,OR97231 		    GENERAL CORPORATE PURPOSE 25,000

WNET-THIRTEEN

825 EIGHTH AVENUE
NEW YORK,NY100197435 		    GENERAL CORPORATE PURPOSE 25,000

WOMEN'S ENTERPRISE DEVELOPMENT CENT

901 NORTH BROADWAY SUITE
WHITE PLAINS,NY10603 		    GENERAL CORPORATE PURPOSE 15,000

WOMEN'S PROJECT THEATRE

55 WEST END AVENUE
NEW YORK,NY10023 		    GENERAL CORPORATE PURPOSE 7,500

YALE CHILD STUDY CENTER

PO BOX 2038
NEW HAVEN,CT065212038 		    GENERAL CORPORATE PURPOSE 500,000

YALE UNIVERSITY

PO BOX 2038
NEW HAVEN,CT065212038 		    GENERAL CORPORATE PURPOSE 495,000

YONKERS PARTNERS IN EDUCATION

92 MAIN STREET
YONKERS,NY10701 		    GENERAL CORPORATE PURPOSE 10,000

ZERO TO THREE

2445 M STREET NW STE 60
WASHINGTON,DC20037 		    GENERAL CORPORATEPURPOSE 3,500
Total ................................. 3a 7,647,500
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 86,401  
4 Dividends and interest from securities ....     14 3,106,550  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 20,076  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     18 34,413  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 538,966  
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) ..   3,786,406  
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,786,406
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
THE V & L MARX FOUNDATION
EIN:
03-0536676
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 16,000 8,000   8,000

TY 2025 ContractorCompensationExpln
Name:
THE V & L MARX FOUNDATION
EIN:
03-0536676
Contractor Explanation
BECK MACK & OLIVER LLC INVESTMENT ADVISORY FEES

TY 2025 InvestmentsCorpStockSchedule
Name:
THE V & L MARX FOUNDATION
EIN:
03-0536676
Name of Stock End of Year Book Value End of Year Fair Market Value
INTERNATIONAL BUSINESS MACHINES CORP 1,946,065 4,447,350
LYONDELLBASELL INDUSITRIES N V CL A    
PFIZER INC    
ANALOG DEVICES INC 1,411,732 7,164,646
VANGUARD S&P 500 ETF (VOO) 1,839,834 3,290,189
BRISTOL MYERS SQUIBB CO 1,181,332 1,786,538
ARGIN REALTY CO 1,150,079 1,150,079
26 EAST REALTY CO 1,115,207 1,115,207
AT&T INC 233,363 280,575
MERCK & CO INC 1,048,130 2,629,500
DARB REALTY CO 965,888 965,888
CISCO SYSTEMS INC 964,595 1,777,785
GORMAN RUPP COMPANY (THE) COMMON SHA 958,249 1,929,360
ARCHER-DANIELS-MIDLAND CO 804,917 1,153,200
EMERSON ELECTRIC CO 753,278 2,000,475
HALOZYME THERAPEUTICS INC 751,492 4,716,600
MICROSOFT CORP 745,550 11,144,995
STERIS PLC 741,775 2,574,291
SHELL PLC SPONSORED ADR 1 730,648 1,014,439
QUALCOMM INC 681,850 857,750
UNITED PARCEL SVC INC CL B    
FORTREA HOLDINGS INC    
17 WEST ORANGE REALTY 629,584 629,584
SYMBOTIC INC CLASS A 628,068 1,613,250
CREDIT ACCEP CORP MICH COM 701,267 753,406
COSTCO WHOLESALE CORP-NEW 589,597 6,909,520
SONOCO PRODUCTS CO 576,612 874,000
MEDTRONIC PLC 571,204 693,540
CARDINAL HEALTH INC 517,005 2,066,300
UNION PACIFIC CORP 513,768 1,390,080
GOLDMAN SACHS GQG PARTNERS (GSIMX) 865,684 1,015,366
MAGNA INTERNATIONAL INC CL A US LIST 493,005 532,390
AMGEN INC 489,438 2,950,200
REGIONS FINANCIAL CORP 471,051 793,959
FERGUSON PLC 639,407 979,132
LOWES COMPANIES INC 460,969 6,284,200
KIMBERLY CLARK CORP 459,752 759,263
AKAMAI TECHNOLOGIES 452,991 968,864
EXXON MOBIL CORP 451,148 1,321,635
COSTAR GROUP INC 697,191 706,073
BERKSHIRE HATHAWAY B 448,204 2,714,079
STANLEY BLACK & DECK    
BLUE OWL CAPITAL INC COM 711,624 821,425
KESMAR REALTY CO 406,455 406,455
FORD MOTOR 404,111 355,180
LAB.CP OF AMER HLDGS. 398,206 652,249
HUNTINGTON BANCSHS 382,485 514,141
CTO REALTY GROWTH INC COMMON STOCK 376,393 709,211
ABBOTT LABORATORIES 418,664 438,550
CHARLES SCHWAB CORP 546,726 1,080,702
GALLAGHER ARTHUR J 688,865 1,036,640
NUCOR CORP 345,994 1,624,000
ISHARES CORE DIVIDEND GROWTH (DGRO) 531,519 659,490
INTERNATIONAL PAPER 330,930 355,725
SOUTHERN COPPER CORP 329,886 1,061,542
EBAY INC 327,633 923,313
CHEVRON CORPORATION 325,556 1,120,250
APPLE INC 320,814 5,339,236
AMERICAN AIRLS GROUP 302,599 274,590
INNOVIVA INC COM 298,441 497,000
ZURN ELKAY WATER SOLUTIONS CORP 503,822 930,200
BOEING CO 289,628 865,396
JOHNSON & JOHNSON 289,026 1,035,650
PAYPAL HOLDINGS INCO 288,762 509,255
ALPHABET INC. A 287,362 3,666,137
UNILEVER PLC SPONSORED ADR 266,359 837,696
HOME DEPOT INC 274,819 2,762,240
WALT DISNEY CO (DIS)    
DINE BRANDS GLOBAL INC 368,544 419,900
ASHTEAD GROUP PLC SHS 719,305 1,228,500
COGNIZANT TECH SOLU A 262,443 548,724
KRAFT HEINZ COMPANY (THE) COMMON STO 315,432 243,050
WALMART INC 257,070 1,589,374
AIR PRODUCTS & CHEMICALS INC 256,718 991,080
THERMO FISHER SCIENTIFIC (TMO) 307,096 376,643
NEUBERGER BERMAN GENESIS IN (NBGIX)    
MP MATLS CORP CLASS A 249,299 748,350
REGAL REXNORD CORP 249,220 279,270
APOLLO GLOBAL MGMT INC 442,983 1,592,690
MATADOR RES CO COM 441,773 763,830
NORFOLK SOUTHERN CORP 237,768 1,446,050
TARGET CORP 235,903 519,188
BLACKSTONE GROUP 354,341 971,586
BERKSHIRE HATHAWAY INC-DEL CL A 219,968 2,271,719
FISERV INC    
JOHNSON CONTROLS INTER F 210,754 481,600
KEYSIGHT TECH INC (KEYS) 202,042 304,785
ILLINOIS TOOL WORKS INC 201,403 1,434,282
GRACO INC (GGG) 224,348 336,077
MASTERCARD INC -A- (MA) 190,386 342,528
ABBVIE INC 188,148 1,721,400
ALPHABET INC-CL A (GOOGL) 85,942 406,081
VANGUARD INDUSTRIAL (VIS) 184,522 298,380
PFIZER INC 304,283 441,350
WASATCH SMALL CAP VALUE INSTITUTIONA    
IDEX CORP (IEX)    
HILTON WORLDWIDE HOLDINGS INC 285,368 689,760
CONESTOGA SMALL CAP FUND IS (CCALX)    
ADVANCED MICRO DEVICE INC 140,355 246,284
MANITOWOC CO INC 241,340 324,945
MASTERCARD INC CL A 174,053 342,690
ABBOTT LABORATORIES 173,502 941,625
DANAHER CORPORATION 171,206 2,292,962
MICROSOFT CORP 246,826 774,032
US BANCORP 165,400 268,601
ROPER TECHNOLOGIES INC COM 392,421 400,712
RADNET INC COM 360,018 1,211,930
ISHARES EXPANDED TECH SECTO (IGM) 144,067 432,686
AMERICAN EXPRESS CO 370,539 925,300
HUBBELL INCORPORATED COM 155,170 2,229,775
CHICAGO RVT & MACHIN 151,527 94,692
KENVUE INC 262,288 225,095
ORGANON & CO    
RBC BEARINGS (ROLL) 123,977 325,112
ISHARES US AEROSPACE DEFENSE 144,720 257,628
MCCORMICK & CO INC NON-VOTING 144,472 545,440
BROADCOMM INC 141,848 2,121,728
MONTCAN REALTY CO 140,003 140,003
VIATRIS INC COMMON STOCK 138,199 138,050
DELL TECHNOLOGIES C 135,919 1,333,893
ADJUSTMENT TO COST BASIS 60,932  
KEYCORP INC 130,000 206,700
ANALOG DEVICES INC (ADI) 140,945 379,680
ALPHABET INC-CL A (GOOGL)    
ALPHABET INC. C 113,360 2,520,205
BECTON DICKINSON & CO 106,168 98,830
VANGUARD MID-CAP ETF (VO) 261,594 268,454
PALO ALTO NETWORKS INC 155,944 202,620
VANGUARD HEALTH CARE VIPE (VHT) 93,311 230,280
SMUCKER J M COMPANY 82,531 245,413
SCHWAB TREASURY OBLIG MONEY (SNOXX) 546,040 546,040
WALT DISNEY CO 75,300 364,000
NVIDIA CORP 60,655 14,075,265
ALBEMARLE CORPORATION 71,112 607,010
VOLKSWAGEN AG FUNSPONSORED ADR 1 56,800 60,400
H B FULLER & CO 56,487 238,000
HELMERICH & PAYNE INC 38,281 74,672
RAMACO RESOURCES INC CLASS A 35,720 35,680
WEST PHARMACEUTICAL SVCS INC COM 28,081 1,101,693
HENNES & MAURITZ AB H&M STOCKHOLM AK 22,752 45,346
VERALTO CORP 22,596 333,867
COCA COLA COMPANY (THE) 15,573 981,397
EMBECTA CORP 2,483 1,209
OCCIDENTAL PETROL 27 WTSWARRANTS EXP    
ALPHABET INC-CL C 285,866 1,256,640
AMAZON.COM INC 679,814 808,074
COHEN & STEERS INC 315,090 282,600
FIRST HORIZON    
LAM RESH CORP 72,720 171,090
RAMACO RESOURCES INC CLASS B 923 907
SOMNIGROUP INTERNATIONAL 879,336 1,296,010
THE MAGNUM ICE CREAM C F 14,673 45,821
WATERS CORP 634,725 760,880

TY 2025 InvestmentsOtherSchedule2
Name:
THE V & L MARX FOUNDATION
EIN:
03-0536676
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
EATON PARK FMV 1 1
ELMONT JV FMV 10,123 8,049
FORT LEE JV FMV 6,335 6,067
ITHACA JV FMV 18,332 15,636
KINNEY HYBLA JV FMV 25,657 24,121
KKR NORTH AMERICA FUND XI LP FMV 300,064 754,820
MADISON SYNDICATE FMV 595 646
MANASSAS JV FMV 12,497 11,286
MARLTON JV FMV 21,352 21,131
MELCO HYBLA JV FMV 14,981 13,183
NEWBURY STREET PARTNERS FMV 13,830 9,404
OCEAN COUNTY JV FMV 23 175
PETERS LAND SYNDICATE FMV 17,467 12,661
QUENT LONG SHORT GLOBAL SMALL CAP FU FMV 3,244,744 4,026,546
SEAFORD JV FMV 9,191 8,959
STATE COLLEGE JV FMV 24,872 12,250

TY 2025 OtherAssetsSchedule
Name:
THE V & L MARX FOUNDATION
EIN:
03-0536676
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDEND RECEIVABLE 4,028 280 280
DUE FROM SYNDICATES 12,824 12,534 12,534
ORGANIZATIONAL COSTS 31,166 31,166 31,166
ACCUMULATED AMORTIZATION - ORGANIZAT -31,166 -31,166 -31,166


TY 2025 OtherExpensesSchedule
Name:
THE V & L MARX FOUNDATION
EIN:
03-0536676
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SCH K-1 PASS THRU FROM SYND        
SCH K-1 PASS THRU RENTAL LOSS        
EXPENSES        
FILING FEES 1,695     1,695
INVESTMENT ADVISORY FEES 182,241 182,241    
OTHER INVEST EXPENSES K-1 FRO 160 160    
ADR FEES 638 638    
FUND EXPENSES-KKR 10,079 10,079    
OTHER DEDUCTIONS SEE QUENT SC        


TY 2025 OtherIncomeSchedule2
Name:
THE V & L MARX FOUNDATION
EIN:
03-0536676
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
SEE QUENT K-1 32,242 32,242  
MISCELLANEOUS INCOME - SCHWAB 873 873  
OTHER MISC INCOME 1,298 1,298  


TY 2025 OtherLiabilitiesSchedule
Name:
THE V & L MARX FOUNDATION
EIN:
03-0536676
Description Beginning of Year - Book Value End of Year - Book Value
ACCRUED EXPENSES 39,271 48,704
DUE TO BROKER    
EAST RUTHERFORD SYNDICATE    
MIAMI SUNDICATE    


TY 2025 TaxesSchedule
Name:
THE V & L MARX FOUNDATION
EIN:
03-0536676
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX PAID DIVIDEND INCOME 6,039 6,039    
FEDERAL EXCISE TAX 94,095      
FOREIGN TAX PAID SEE K-1 QUENT