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 Marshall R Matley Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address) 100 W Liberty St Ste 890
  Room/suite
City or town
Reno
State or province
NV
Country  
ZIP or foreign postal code
89501
A Employer identification number

88-0364211
B Telephone number (see instructions)

7756865400
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)$2,949,726J 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 246 246  
4 Dividends and interest from securities... 61,160 61,160  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 350,782
b Gross sales price for all assets on line 6a 869,512
7 Capital gain net income (from Part IV, line 2)... 350,782
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).......      
12 Total. Add lines 1 through 11........ 412,188 412,188  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 56,857 19,399   37,458
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
4,410 0   4,410
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
6,704 739   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 67,971 20,138   41,868
25 Contributions, gifts, grants paid....... 423,550 423,550
26 Total expenses and disbursements. Add lines 24 and 25 ................ 491,521 20,138   465,418
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -79,333
b Net investment income (if negative, enter -0-) 392,050
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......... 156,969 146,899 146,899
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)....... 1,905,958 Click to see attachment
List of Attached Documents:
// Content
944,457 		1,892,017
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
889,839 		910,810
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 2,062,927 1,981,195 2,949,726
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........ 10,000 10,000
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 2,052,927 1,971,195
29 Total net assets or fund balances (see instructions)..... 2,062,927 1,981,195
30 Total liabilities and net assets/fund balances (see instructions). 2,062,927 1,981,195
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
2,062,927
2
Enter amount from Part I, line 27a .....................
2
-79,333
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,983,594
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
2,399
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
1,981,195
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 Publicly traded securities P    
b Publicly traded securities P    
c Capital Gains Dividends P    
d
e
(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 167,007   159,436 7,571
b 701,837   359,294 342,543
c 668     668
d
e
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       7,571
b       342,543
c       668
d
e
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 2 350,782
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 5,449
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 5,449
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 5,449
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 3,810
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 3,810
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 35
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 1,674
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax   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. $ 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)
NV
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 ofWhittier Trust Company of Nevada Telephone no. (775) 686-5400

Located at100 W Liberty St Ste 890RENONV ZIP+489501
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Ernest J Maupin Co-Trustee
2.00 		15,013 0 0
2551 Lake Ridge Shores Cir
Reno,NV89519
The Whittier Trust Company of Nevad Co-Trustee
2.00 		26,831 0 0
100 W Liberty Street Suite 890
Reno,NV89501
Mitchell Klaich Co-Trustee
2.00 		15,013 0 0
1615 Wheatgrass Dr
Reno,NV89509
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................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
2,869,865
b
Average of monthly cash balances.......................
1b
146,919
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
3,016,784
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
3,016,784
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
45,252
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,971,532
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
148,577
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
148,577
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
5,449
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
5,449
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
143,128
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
143,128
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
143,128
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
465,418
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
465,418
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 7 143,128
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...... 160,559
b From 2021...... 207,779
c From 2022...... 234,948
d From 2023...... 206,926
e From 2024...... 233,827
f Total of lines 3a through e ........ 1,044,039
4Qualifying distributions for 2025 from Part
XI, line 4: $ 465,418
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..... 143,128
e Remaining amount distributed out of corpus 322,290
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 1,366,329
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) ... 		160,559
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		1,205,770
10 Analysis of line 9:
a Excess from 2021 .... 207,779
b Excess from 2022 .... 234,948
c Excess from 2023 .... 206,926
d Excess from 2024 .... 233,827
e Excess from 2025 .... 322,290
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:
The Marshall R Matley Foundation
100 W Liberty St Ste 890
Reno,NV89501
(775) 686-5400
bThe form in which applications should be submitted and information and materials they should include:
Applications should contain information explaining how funds would be used, and if relevent, the benefits provided to the mentally handicapped by the organization.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
The applicant must be a public charity or a governmental entity, and should have as its objective the medical care, support, assistance, guidance, and education of handicapped children and adults, with emphasis given to the needs of mentally handicapped children.
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

Achieve Tahoe

2680 Alpine Meadows Road
Alpine Meadows,CA96146 		None   To deliver 20 adaptive snowsports lessons to 10 youth with disabilities in the 2025-26 Winter season. 14,992

Alzheimers Association

639 Isbell Road Suite 204
Reno,NV89509 		None   To support local programs that serve individuals living with dementia and their caregivers in Northern Nevada. 30,000

Amplify Life

PO Box 7178
Reno,NV89510 		None   To serve clients with disabilities 15,000

Amplify Life

PO Box 7178
Reno,NV89510 		None   To serve over 220 unduplicated clients with disabilities and benefit an estimated 460 family members and care givers through summer and year-round programs that improve quality of life for clients. 15,000

Arts for All Nevada

250 Court Street
Reno,NV89501 		None   To fund art workshops for students with intellectual disabilities, development delays, and other disabilities in the 2025-2026 school year. 10,000

COEHD University of Nevada Reno

1664 N Virginia Street
Reno,NV89557 		None   To provide scholarships for students majoring in special education. Three $1,000 scholarships for undergraduates, four $5,000 scholarships for graduate students, one $2,000 scholarship for a masters or doctoral student. 25,000

COEHD University of Nevada Reno

1664 N Virginia Street
Reno,NV89557 		None   To provide direct student scholarships for participants in the Path to Independence program. 25,000

Domestic Violence Resource Center

1735 Vassar St
Reno,NV89502 		None   To support of the construction of a new 41,000 square foot Resource Center with a 42-room (100 bed) onsite emergency shelter. Including four ADA compliant bedrooms and bathrooms. 10,000

Eagle Valley Children's Home

2300 Eagle Valley Ranch Rd
Carson City,NV89703 		None   To deliver services for current families and reduce waitlist. 25,000

LEAD With Horses

PO Box 18045
Reno,NV89511 		None   To support the effective and lifesaving program that helps improve the social, emotional, physical, and behavioral development of children, youth, and adults. 12,500

Nevada Diabetes Association

115 Casazza Dr
Reno,NV89502 		None   To support the annual Camp Buck program 10,000

Nevada Museum of Art Inc

160 W Liberty St
Reno,NV89501 		None   To continue supporting the program in partnership with the Boys & Girls Club, which changes the lives of Nevada's future generations. 5,000

Northern Nevada Hopes

580 W 5th St
Reno,NV89503 		None   To support the first year of expenses for the east 4th St. clinic 25,000

Note-Able Music Therapy Services

2590 Orovada St
Reno,NV89557 		None   To support the annual music camp for kids and teens with disabilities. 5,000

PBS Reno

1670 N Virginia Street
Reno,NV59503 		None   To support the Curiosity Program. 25,000

Reno High School

395 Booth St
Reno,NV89509 		None   To support the We The People Program. 7,000

Reno Philharmonic

925 Riverside Dr Suite 3
Reno,NV89503 		None   To expand the RPA Kids proforma, ensuring more children have the opportunity to unlock their potential through music. 7,500

Renown Health Foundation

1155 Mill Street
Reno,NV89502 		None   To ensure dependable funding for specialized pediatric care and therapies, support advanced equipment and interventions that improve quality of life, and to strengthen the hospitals long-term future. 50,000

Sierra Kids Foundation

348 Mill St
Reno,NV89501 		None   To support the Foundation in providing financial assistance to eligible families to pay for all or a portion of the cost of an Applied Behavior Analysis (ABA) therapy program 15,000

Sierra Nevada Journeys

190 East Liberty Street
Reno,NV89501 		None   To provide an annual, customized, overnight STEAM Camp experience for 60 youth with mental and physical disabilities. 40,108

Special Olympics Nevada

4000 Eastern Ave Suite 320
Las Vegas,NV89119 		None   To support your mission of empowering individuals with intellectual disabilities. 15,000

Stephen J Wampler Foundation

941 Orange Ave Suite 440
Coronado,CA92118 		None   To help fund their next Camp Wamp which offers one-week camp sessions for campers of all ages with physical disabilities 10,000

UCP

740 Freeport Blvd Ste 101
Sparks,NV89431 		None   To support your life enrichment programs. 18,800

Williams Syndrome Association

243 Broadway Unit 9188
Newark,NJ07104 		None   To fund consulting for 34 individuals with Williams syndrome, living within a 150-mile radius of Reno, Nevada, which will help deliver critical,individualized guidance that can shape a person's future. 7,650
Total ................................. 3a 423,550
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 ........... 		    14 246  
4 Dividends and interest from securities ....     14 61,160  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 350,782  
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) .. 0 412,188 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
412,188
(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 Marshall R Matley Foundation
EIN:
88-0364211
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 4,410 0   4,410

TY 2025 InvestmentsCorpBondsSchedule
Name:
The Marshall R Matley Foundation
EIN:
88-0364211
Name of Bond End of Year Book Value End of Year Fair Market Value
AMBRUS CORE BOND DTD 889,839 910,810

TY 2025 InvestmentsCorpStockSchedule
Name:
The Marshall R Matley Foundation
EIN:
88-0364211
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 4,524 7,392
ABBVIE INC 5,278 7,312
ALPHABET INC CL C 17,562 96,650
AMAZON COM INC 21,187 60,244
AMERICAN ELEC PWR INC 1,793 2,537
AMERICAN HOMES 4 RENT 3,211 3,338
AMPHENOL CORP NEW CL A 6,933 14,325
APPLE COMPUTER INC 12,135 76,393
AXON ENTERPRISE INC 2,570 5,111
BANCORP INC DEL 1,949 4,119
BERKSHIRE HATHAWAY INC DEL CL B NEW 7,859 20,106
BLACKSTONE INC 2,641 10,019
BOOT BARN HLDGS INC 844 7,588
BOSTON PROPERTIES INC 6,505 7,220
BROADCOM INC 4,259 55,722
BROWN & BROWN INC 2,565 5,499
BUILDERS FIRSTSOURCE INC 2,965 4,733
CAPITAL ONE FINL CORP 5,770 6,786
CASEYS GEN STORES INC 2,905 7,185
CHEVRON CORP 6,228 7,773
CLOUDFLARE INC 10,019 17,152
COMCAST CORP 4,377 3,407
CONOPHILLIPS 8,878 8,612
CONSTELLATION ENERGY CORP 5,021 7,419
COPART INC 3,762 8,300
COSTCO WHSL CORP NEW 2,384 9,486
CROWDSTRIKE HLDGS INC CL A 13,074 15,469
CULLEN FROST BANKERS INC 3,290 3,672
CURTISS WRIGHT CORP 2,145 12,679
DANAHER CORP DEL 11,265 16,482
DATADOG INC CL A COM 4,584 5,032
DISNEY WALT CO COM DISNEY 7,284 7,281
DOLLAR GEN CORP NEW 4,045 6,107
DUTCH BROS INC 5,464 5,387
EAGLE MATERIALS INC 1,943 6,614
EASTWEST BANCORP INC 3,239 10,227
EATON CORP PLC SHS 4,356 17,837
ECOLAB INC 4,541 6,826
EQT CORP 7,580 11,256
FAIR ISAAC CORP 1,742 6,762
FIRST CTZNS BANCSHARES INC N CL A 3,734 4,292
FORTIVE CORP 3,748 4,362
GE HEALTHCARE TECHNOLOGIES I COMMON STOCK 3,605 4,593
GOLDMAN SACHS GROUP INC 4,526 21,096
GRACO INC 3,441 6,312
GRAPHIC PACKAGING HLDG CO 3,054 3,389
GUIDEWIRE SOFTWARE INC 2,100 5,427
HF SINCLAIR CORP 4,735 4,009
HONEYWELL INTL INC 7,743 10,535
HOULIHAN LOKEY INC CL A 1,780 5,226
HYATT HOTELS CORP COM CL A 2,428 4,168
INTUITIVE SURGICAL INC COM NEW 10,584 13,026
ISHARES INC CORE MSCI EMKT 97,211 134,104
ISHARES RUSSELL 2000 VALUE 9,934 20,477
ISHARES S&P MIDCAP 400 INDEX 36,449 36,300
ISHARES S&P SMALL CAP 600 26,703 26,440
ISHARES TR CORE MSCI EAFE 89,750 132,848
JP MORGAN CHASE & CO 9,759 30,611
KKR & CO INC 7,042 7,139
LILLY ELI & CO 15,960 25,792
LINDE PLC SHS 3,679 9,381
LIVE OAK BANCSHARE 3,287 3,057
LPL FINL HLDGS INC 4,219 5,715
MARSH & MCLENNAN COS INC 3,856 7,421
MARTIN MARIETTA MATLS INC 3,476 3,736
MCKESSON CORP 4,942 5,742
MERCK & CO INC NEW 8,286 11,368
META PLATFORMS INC CL A 9,724 36,305
MICROSOFT CORP 19,304 84,634
MONOLITHIC PWR SYS INC 2,935 16,314
MURPHY USA INC 2,566 2,421
NEXTERA ENERGY INC 4,711 4,897
NORFOLK SOUTHERN CORP 9,275 15,013
NVIDIA CORP 2,037 101,829
O REILLY AUTOMOTIVE INC NEW 2,387 9,303
OLD DOMINION FGHT LINES INC 2,330 6,272
OLLIES BARGAIN OUTLT HLDGS I 2,160 5,371
OTTER TAIL CORP 1,516 3,071
ON HLDG AG NAMEN AKT 3,429 3,625
PLANTIR TECHNOLOGIES INC 7,315 7,821
PERMAIN RESOURCES CORP 3,243 3,325
PHILIP MORRIS INTL INC 6,888 12,190
PLANET FITNESS INC CL A 2,881 4,990
PNC FINL SVCS GROUP INC 9,721 12,524
PROCTER & GAMBLE CO 3,305 4,586
PURE STORAGE INC CL A 3,584 4,088
RADNET INC 5,478 6,707
RBC BEARINGS INC 3,007 11,211
REXFORD INDL RLTY INC 6,334 5,847
RENAISSANCERE HOLDINGS LTD 1,689 3,093
RLI CORP 3,104 5,246
RPM INTL INC 1,195 2,080
ROYAL CARRIBBEAN CRUISES LTD 2,869 2,789
RTX CORPORATION 6,866 16,139
S&P GLOBAL INC 4,505 8,361
SCHWAB CHARLES CORP 4,862 5,895
SERVICENOW INC 2,102 6,894
SERVICETITAN INC 2,275 2,769
SIMON PPTY GROUP INC NEW 2,103 5,738
SIMPSON MANUFACTURING CO INC 2,432 5,813
SNOWFLAKE INC 5,064 4,168
SOLSTICE ADVANCED MATERIALS 494 668
SPDR SERIES TRUST S&P BIOTECH 7,685 11,461
SUN CMNTYS INC 8,591 8,054
TALEN ENERGY CORP 2,515 5,248
TAYLOR MORRISON HOME CORP 3,233 2,767
TELEDYNE TECHNOLOGIES INC 3,634 6,639
TESLA MTRS INC 19,636 23,835
THERMO FISHER SCIENTIFIC INC 8,785 16,804
TJX COS INC 5,675 16,897
TOPBUILD CORP 1,324 7,092
UNITED RENTALS INC 1,433 10,521
VALERO ENERGY CORP NEW 2,413 7,651
VANGUARD INDEX FDS S&P 500 ETF SHS 93,863 145,494
VERTIV HOLDINGS CO COM CL A 3,666 9,559
VISA INC COM CL A 11,429 27,355
WALMART STORES INC 3,885 4,791
WEBSTER FINL CORP CONN 4,571 5,853
WEST PHARMACEUTICAL SVSC INC 2,677 5,228
WINGSTOP INC 1,045 2,146

TY 2025 OtherDecreasesSchedule
Name:
The Marshall R Matley Foundation
EIN:
88-0364211
Description Amount
Cost Basis Adjustment 2,399


TY 2025 TaxesSchedule
Name:
The Marshall R Matley Foundation
EIN:
88-0364211
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign Tax 739 739   0
Excise Tax 5,965 0   0