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
PAUL & EDITH BABSON FOUNDATION 106846-000
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 70
  Room/suite
City or town
WILMINGTON
State or province
DE
Country  
ZIP or foreign postal code
19899
A Employer identification number

04-6037891
B Telephone number (see instructions)

6174572050
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)$18,297,735J 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 3,135 3,135  
4 Dividends and interest from securities... 335,760 331,338  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 128,948
b Gross sales price for all assets on line 6a 1,867,701
7 Capital gain net income (from Part IV, line 2)... 128,948
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 467,843 463,421  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
2,599 0 0 2,599
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
157,657 122,902   34,755
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
42,845 2,180   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 151 0 0 151
22 Printing and publications.......... 677 0 0 677
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
159 47   112
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 204,088 125,129 0 38,294
25 Contributions, gifts, grants paid....... 690,368 690,368
26 Total expenses and disbursements. Add lines 24 and 25 ................ 894,456 125,129 0 728,662
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -426,613
b Net investment income (if negative, enter -0-) 338,292
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 192,978 131,627 131,627
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts 0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 6,711,170 Click to see attachment
List of Attached Documents:
// Content
6,353,571 		16,071,587
c Investments—corporate bonds (attach schedule)....... 2,322,133 Click to see attachment
List of Attached Documents:
// Content
2,322,133 		2,094,521
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
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) 9,226,281 8,807,331 18,297,735
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 9,226,281 8,807,331
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 9,226,281 8,807,331
30 Total liabilities and net assets/fund balances (see instructions). 9,226,281 8,807,331
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
9,226,281
2
Enter amount from Part I, line 27a .....................
2
-426,613
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
25,635
4
Add lines 1, 2, and 3 ..........................
4
8,825,303
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
17,972
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
8,807,331
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 273. ACADIA HEALTHCARE CO INC   2025-09-04 2025-11-12
b 42. ADOBE SYSTEMS INCORPORATED     2025-09-04
c 139. ADVANCE AUTO PARTS   2025-02-25 2025-05-19
d 23. ADVANCED MICRO DEVICES INC COM   2024-10-30 2025-02-25
e 212. AGREE REALTY   2025-05-19 2025-09-04
67. AIRBNB INC CL A   2024-01-25 2025-05-19
21. AIR PRODUCTS & CHEMICALS INC   2025-05-19 2025-11-12
113. ALBEMARLE CORP COM   2024-07-29 2025-02-25
373. ALBERTSONS COS INC     2025-11-12
288. ALCOA CORP   2024-01-25 2025-05-19
168. ALCOA CORP   2024-01-25 2025-06-13
108. ALEXANDRIA REAL ESTATE EQUITIES INC   2025-06-13 2025-11-12
74. ALPHABET INC CL A   2014-10-16 2025-06-13
45. ALPHABET INC CL A   2014-10-16 2025-11-12
207. AMEDISYS INC     2025-08-15
282. U-HAUL HOLDING COMPANY   2025-09-04 2025-11-12
52. AMERICAN TOWER CORP CL A   2024-01-25 2025-02-25
84. AMERICAN TOWER CORP CL A   2025-05-19 2025-09-04
365. AMERICOLD REALTY TRUST, INC.   2025-02-25 2025-05-19
459. AMERICOLD REALTY TRUST, INC.   2025-09-04 2025-11-12
41. AMGEN INC COMMON     2025-06-13
10. AMGEN INC COMMON   2025-02-25 2025-09-04
26. ANALOG DEVICES INCORPORATED   2014-05-02 2025-06-13
213. APELLIS PHARMACEUTICALS INC   2024-10-30 2025-05-19
24. APPLE COMPUTER INC COMMON   2012-10-03 2025-02-25
97. APPLE COMPUTER INC COMMON   2012-10-03 2025-06-13
58. APPLE COMPUTER INC COMMON   2012-10-03 2025-11-12
1. AUTOZONE INC COM   2025-05-19 2025-06-13
2. AUTOZONE INC COM   2025-05-19 2025-11-12
497. AVANTOR INC   2025-09-04 2025-11-12
242. BATH & BODY WORKS INC   2024-10-30 2025-06-13
63. BERKSHIRE HATHAWAY INC DEL CL B   2025-05-19 2025-06-13
39. BERKSHIRE HATHAWAY INC DEL CL B     2025-11-12
17. BIO RAD LABS INC CL A   2024-07-29 2025-02-25
108. BIOGEN INC   2024-10-30 2025-02-25
.176 BOEING CO COM   2024-01-25 2025-12-12
53. BOOZ ALLEN HAMILTON HOLDING CL A   2025-02-25 2025-06-13
59. BOOZ ALLEN HAMILTON HOLDING CL A   2025-09-04 2025-11-12
261. BXP INC REIT   2024-01-25 2025-02-25
110. BROWN & BROWN INC COMMON   2025-09-04 2025-11-12
67. CF INDUSTRIES HOLDINGS INC   2025-05-19 2025-09-04
27. THE CIGNA GROUP   2024-01-25 2025-09-04
33. CME GROUP INC   2025-05-19 2025-06-13
178. CNX RESOURCES CORPORATION   2025-05-19 2025-09-04
170. CAESARS ENTERTAINMENT INC   2025-02-25 2025-05-19
256. CAESARS ENTERTAINMENT INC   2025-09-04 2025-11-12
49. CAMDEN PROPERTY TRUST (REIT)   2025-02-25 2025-09-04
.8432 CAPITAL ONE FINANCIAL CORP   2024-01-25 2025-05-22
207. CARMAX INC   2024-01-25 2025-09-04
492. CENTENE CORPORATION     2025-09-04
226. CHAMPIONX CORP   2025-05-19 2025-07-17
32. CHARLES RIVER LABS INTL INC COM   2024-10-30 2025-02-25
24. CHARTER COMMUNICATIONS INC CL A   2025-09-04 2025-11-12
66. EXPAND ENERGY CORPORATION     2025-09-04
.38 CHEVRONTEXACO CORP   2024-10-30 2025-07-28
100. CHIPOTLE MEXICAN GRILL-CL A   2024-01-25 2025-09-04
31. CIVITAS RESOURCES INC   2024-10-30 2025-02-25
90. CIVITAS RESOURCES INC   2024-01-25 2025-02-25
161. CIVITAS RESOURCES INC   2024-10-30 2025-05-19
183. CIVITAS RESOURCES INC   2025-09-04 2025-11-12
112. COCA COLA COMPANY   1985-07-03 2025-06-13
93. COCA COLA COMPANY   1985-07-03 2025-11-12
25. COINBASE GLOBAL INC CL A   2024-10-30 2025-06-13
164. COMCAST CORP NEW A     2025-02-25
221. CONFLUENT INC   2024-01-25 2025-05-19
25. COSTCO WHOLESALE CORPORATION     2025-09-04
49. CROCS INC   2024-01-25 2025-06-13
28. DANAHER CORPORATION   2025-02-25 2025-05-19
79. DATADOG INC CL A   2024-01-25 2025-02-25
160. DEVON ENERGY CORP   2024-10-30 2025-02-25
77. DEVON ENERGY CORP   2024-10-30 2025-05-19
79. DOLLAR GENERAL CORPORATION   2024-10-30 2025-02-25
16. DOMINO'S PIZZA INC     2025-11-12
248. DRAFTKINGS INC CL A   2024-01-25 2025-05-19
78. EDISON INTERNATIONAL COM   2024-01-25 2025-02-25
70. EMERSON ELECTRIC CO   1980-11-07 2025-06-13
52. EMERSON ELECTRIC CO   1980-11-07 2025-11-12
29. EQUIFAX INC COM   2024-01-25 2025-02-25
14. EQUINIX INC REIT   2024-07-29 2025-09-04
59. EURONET WORLDWIDE INC   2024-10-30 2025-09-04
93. FMC CORPORATION COMMON NEW   2024-07-29 2025-02-25
135. FMC CORPORATION COMMON NEW   2025-06-13 2025-09-04
19. FACTSET RESEARCH SYSTEMS INC   2025-09-04 2025-11-12
20. FACTSET RESEARCH SYSTEMS INC   2024-07-29 2025-11-12
356. FREEPORT-MCMORAN INC.   2024-01-25 2025-02-25
18. GALLAGHER ARTHUR J. & CO   2025-02-25 2025-06-13
72. GE VERNOVA LLC   1980-12-23 2025-02-25
30. GE VERNOVA LLC   1980-12-23 2025-06-13
38. GE VERNOVA LLC   1980-12-23 2025-09-04
80. GE AEROSPACE   1980-12-23 2025-02-25
290. GE AEROSPACE   1980-12-23 2025-05-19
41. GE AEROSPACE   1980-12-23 2025-06-13
52. GE AEROSPACE   1980-12-23 2025-09-04
24. GE AEROSPACE   1980-12-23 2025-11-12
54. GILEAD SCIENCES INCORPORATED   2025-02-25 2025-09-04
104. GITLAB INC CL A   2024-07-29 2025-05-19
103. GLOBAL PAYMENTS INC   2024-10-30 2025-05-19
73. GLOBAL PAYMENTS INC   2025-09-04 2025-11-12
178. GRAPHIC PACKAGING HODINGS CO   2023-08-16 2025-09-04
352. GROCERY OUTLET HOLDING CORP   2024-10-30 2025-11-12
1004. HALLIBURTON HLDG CO COM   2025-02-25 2025-05-19
148. HARLEY DAVIDSON COMMON   2024-01-25 2025-02-25
78. HOWARD HUGHES HOLDINGS INC   2024-10-30 2025-02-25
82. HUMANA INC COM   2025-02-25 2025-11-12
954. HUNTSMAN CORPORATION   2025-09-04 2025-11-12
60. ILLUMINA INC   2024-07-29 2025-02-25
44. INSPIRE MEDICAL SYSTEMS INC   2024-07-29 2025-06-13
770. INTERPUBLIC GROUP COS INC COM   2021-03-30 2025-02-25
9. INTUIT INC COM   2024-07-29 2025-02-25
147. IONIS PHARMACEUTICALS INC   2024-10-30 2025-02-25
43. IQVIA HOLDINGS INC   2023-03-28 2025-05-19
66. JOHNSON & JOHNSON COMMON ~   2001-01-01 2025-06-13
40. JOHNSON & JOHNSON COMMON ~   2001-01-01 2025-11-12
108. KEMPER CORP   2024-01-25 2025-09-04
326. KILROY REALTY CORP (REIT)   2024-01-25 2025-02-25
282. KROGER COMPANY COMMON   2025-05-19 2025-09-04
52. LANDSTAR SYSTEMS INC     2025-11-12
39. ELI LILLY & CO   2025-02-25 2025-05-19
7. ELI LILLY & CO   2024-10-30 2025-09-04
1. ELI LILLY & CO   2023-11-01 2025-09-04
67. LINCOLN ELECTRIC HLDGS   2023-08-16 2025-02-25
273. LINEAGE INC REIT   2025-02-25 2025-05-19
156. LINEAGE INC REIT   2025-09-04 2025-11-12
22. LOWES COMPANIES INC   2024-10-30 2025-02-25
24. LULULEMON ATHLETICA INC   2024-10-30 2025-06-13
32. LULULEMON ATHLETICA INC   2025-09-04 2025-11-12
164. MGM RESORTS INTERNATIONAL   2025-02-25 2025-06-13
26. MSCI INC - CL A   2024-01-25 2025-09-04
110. MANPOWER INC WIS   2025-02-25 2025-05-19
62. MARKETAXESS HOLDINGS INC     2025-09-04
50. MARRIOTT VACATIONS WORLD W/I   2024-07-29 2025-05-19
85. MARVELL TECHNOLOGY INC   2024-07-29 2025-05-19
10. MASTERCARD INC CL A   2025-05-19 2025-09-04
241. MATADOR RESOURCES CO   2024-01-25 2025-02-25
116. MATADOR RESOURCES CO   2024-10-30 2025-05-19
20. MCDONALD'S CORP COM   2025-05-19 2025-06-13
10. METTLER TOLEDO INTERNATIONAL COM     2025-05-19
39. MICROSOFT CORP COMMON   2024-01-25 2025-02-25
104. MICRON TECHNOLOGY INC COM   2024-07-29 2025-02-25
236. MODERNA INC   2025-05-19 2025-09-04
20. MOLINA HEALTHCARE INC.     2025-06-13
43. MOLINA HEALTHCARE INC.     2025-09-04
24. MORNINGSTAR INC   2025-09-04 2025-11-12
13. MURPHY USA INC   2025-02-25 2025-06-13
491. NOV INC   2025-02-25 2025-09-04
130. NATIONAL STORAGE AFFILIATES REIT   2024-01-25 2025-05-19
260. NORDSTROM INC COM   2024-01-25 2025-05-20
40. NUCOR CORP COMMON   2024-10-30 2025-02-25
63. NVIDIA CORP COM   2024-07-29 2025-02-25
78. CHORD ENERGY CORPORATION   2024-10-30 2025-02-25
217. OCCIDENTAL PETROLEUM CORP COMMON   2025-02-25 2025-05-19
137. OCCIDENTAL PETROLEUM CORP COMMON   2025-09-04 2025-11-12
80. ONE GAS INC   2025-02-25 2025-09-04
177. OVINTIV INC   2024-01-25 2025-05-19
201. PBF ENERGY INC   2024-10-30 2025-02-25
369. P G & E CORP COM   2024-01-25 2025-06-13
480. PENN ENTERTAINMENT INC   2024-01-25 2025-05-19
61. PEPSICO INC COMMON ~   1982-08-27 2025-06-13
45. PEPSICO INC COMMON ~   1982-08-27 2025-11-12
371. PERMIAN RESOURCES CORP CL A   2024-01-25 2025-09-04
58. PROCTER & GAMBLE CO COM   1984-05-04 2025-06-13
44. PROCTER & GAMBLE CO COM   1984-05-04 2025-11-12
80. RLI CORP   2025-02-25 2025-09-04
1. RH   2024-07-29 2025-05-19
54. RH   2024-01-25 2025-05-19
69. REGAL REXNORD CORPORATION   2020-06-26 2025-02-25
13. REGENERON PHARMACEUTICALS   2025-02-25 2025-05-19
20. RELIANCE INC   2024-10-30 2025-09-04
39. REPLIGEN CORP COM   2024-07-29 2025-05-19
138. RINGCENTRAL INC   2024-01-25 2025-02-25
84. ROBERT HALF INC   2024-10-30 2025-02-25
199. ROBERT HALF INC   2025-09-04 2025-11-12
78. SBA COMMUNICATIONS CORP CL A REIT     2025-09-04
21. SALESFORCE INC   2024-07-29 2025-06-13
1. SALESFORCE INC   2023-06-06 2025-06-13
41. SAREPTA THERAPEUTICS INC   2024-01-25 2025-02-25
.11 SCHLUMBERGER LIMITED   2025-07-16 2025-07-22
65. SELECTIVE INS GROUP INC   2024-10-30 2025-02-25
38. SITEONE LANDSCAPE SUPPLY INC   2024-07-29 2025-02-25
197. SOUTHWEST GAS HOLDINGS, INC.   2024-10-30 2025-09-04
132. BLOCK INC CL A   2024-01-25 2025-02-25
113. BLOCK INC CL A   2024-01-25 2025-05-19
78. STARBUCKS CORP COM   2024-10-30 2025-05-19
87. SUNRISE COMMS AG CL A UNSPONS ADR   2024-10-30 2025-11-07
39. TARGET CORP COM   2024-10-30 2025-02-25
107. THE TRADE DESK INC CL A   2024-01-25 2025-06-13
11. THERMO FISHER SCIENTIFIC INC   2025-02-25 2025-05-19
19. TRANSDIGM GROUP INC   2024-01-25 2025-09-04
33. ULTA BEAUTY INC.   2024-10-30 2025-02-25
124. ULTRAGENYX PHARMACEUTICAL INC   2024-07-29 2025-02-25
69. UNITED PARCEL SERVICE CL B   2024-10-30 2025-02-25
40. UNITED RENTALS INC COM   2024-01-25 2025-02-25
69. UNITEDHEALTH GROUP INC   2024-10-30 2025-02-25
17. UNITEDHEALTH GROUP INC   2022-03-24 2025-02-25
78. UNITEDHEALTH GROUP INC     2025-05-19
33. UNVL HEALTH SERVICES INC CL B   2025-02-25 2025-06-13
50. VALERO ENERGY CORPORATION NEW   2024-01-25 2025-06-13
162. VALVOLINE INC   2025-02-25 2025-11-12
60. VERALTO CORPORATION   2025-02-25 2025-11-12
142. VERIZON COMMUNICATIONS   2025-05-19 2025-09-04
60. VERISK ANALYTICS, INC. COMMON STOCK   2025-05-19 2025-09-04
12. VERTEX PHARMACEUTICALS INC   2025-02-25 2025-05-19
60. WALMART INC.   2025-05-19 2025-06-13
17. WATERS CORP COMMON   2024-07-29 2025-09-04
13. WATSCO INC CL A   2024-01-25 2025-09-04
144. WAYFAIR INC   2025-02-25 2025-05-19
374. THE WENDY'S COMPANY   2025-02-25 2025-05-19
75. WESCO INTERNATIONAL INCORPORATED   2024-01-25 2025-02-25
68. WESTERN ALLIANCE   2024-07-29 2025-05-19
64. WHIRLPOOL CORP COM   2024-07-29 2025-05-19
71. WHIRLPOOL CORP COM   2025-09-04 2025-11-12
21. WINGSTOP INC   2024-01-25 2025-02-25
66. WYNN RESORTS LIMITED   2025-02-25 2025-06-13
47. YUM! BRANDS INC   2025-02-25 2025-06-13
22. AON PLC   2024-10-30 2025-11-12
60. ASSURED GUARANTY LTD   2024-01-25 2025-09-04
48. ACCENTURE PLC- CL A   2020-11-18 2025-09-04
163. WEATHERFORD INTERNATIONAL PLC   2023-08-16 2025-02-25
311. INVESCO LIMITED   2024-01-25 2025-06-13
586. LIBERTY GLOBAL LTD CL C     2025-05-19
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,797   6,502 -1,705
b 14,283   15,638 -1,355
c 4,776   6,223 -1,447
d 2,429   3,451 -1,022
e 15,183   15,958 -775
9,174   9,456 -282
5,542   5,825 -283
8,859   10,297 -1,438
6,665   7,679 -1,014
8,426   8,538 -112
4,753   4,980 -227
5,854   7,744 -1,890
13,072   1,993 11,079
12,873   1,212 11,661
20,907   19,409 1,498
14,935   16,295 -1,360
10,595   10,474 121
16,299   18,052 -1,753
6,624   8,092 -1,468
5,140   6,330 -1,190
12,167   13,233 -1,066
2,795   3,151 -356
5,905   1,338 4,567
3,693   5,916 -2,223
5,951   573 5,378
19,153   2,314 16,839
15,959   1,384 14,575
3,630   3,870 -240
7,565   7,739 -174
5,784   6,474 -690
6,235   7,095 -860
30,794   32,316 -1,522
19,619   19,742 -123
4,682   5,491 -809
15,478   19,585 -4,107
35   24 11
5,505   6,092 -587
5,061   6,083 -1,022
18,361   18,644 -283
8,847   10,455 -1,608
5,553   5,843 -290
8,175   7,993 182
8,880   9,188 -308
5,214   5,761 -547
5,016   5,892 -876
5,007   6,443 -1,436
5,349   5,961 -612
157   112 45
12,462   14,220 -1,758
13,996   29,213 -15,217
5,938   5,805 133
5,377   5,844 -467
5,028   6,203 -1,175
6,347   7,122 -775
58   56 2
4,122   4,623 -501
1,290   1,530 -240
3,745   5,945 -2,200
4,622   7,944 -3,322
5,132   6,545 -1,413
7,983   160 7,823
6,672   133 6,539
5,999   5,444 555
5,882   5,563 319
4,860   4,954 -94
23,931   26,115 -2,184
4,976   4,907 69
5,472   5,873 -401
9,128   9,541 -413
5,774   6,151 -377
2,511   2,960 -449
6,202   6,273 -71
6,477   6,799 -322
9,223   9,484 -261
4,028   5,259 -1,231
8,851   202 8,649
6,893   150 6,743
7,082   7,184 -102
10,640   10,895 -255
5,362   5,877 -515
3,558   5,449 -1,891
4,935   5,723 -788
5,138   6,999 -1,861
5,409   8,277 -2,868
12,938   13,906 -968
5,724   5,965 -241
22,572   467 22,105
14,418   194 14,224
22,541   246 22,295
15,879   496 15,383
68,184   1,798 66,386
9,708   254 9,454
14,624   322 14,302
7,394   149 7,245
6,078   6,027 51
5,082   5,466 -384
8,317   10,615 -2,298
5,679   6,358 -679
3,698   3,955 -257
4,000   4,887 -887
20,841   26,568 -5,727
3,946   4,944 -998
5,779   5,951 -172
20,011   20,763 -752
7,935   10,315 -2,380
5,608   7,217 -1,609
5,656   5,685 -29
21,496   22,077 -581
5,022   5,728 -706
4,635   5,841 -1,206
6,139   8,147 -2,008
10,387   148 10,239
7,814   90 7,724
5,855   6,676 -821
11,247   12,662 -1,415
19,157   19,463 -306
6,788   7,347 -559
29,242   35,140 -5,898
5,205   5,826 -621
744   555 189
13,912   12,676 1,236
13,080   15,080 -2,000
5,314   6,333 -1,019
5,352   5,786 -434
5,922   7,334 -1,412
5,484   6,467 -983
5,295   5,851 -556
14,450   14,318 132
4,820   6,026 -1,206
11,253   12,918 -1,665
3,520   4,249 -729
5,318   5,515 -197
5,931   5,858 73
12,791   13,267 -476
5,107   5,978 -871
6,056   6,417 -361
11,564   13,093 -1,529
15,545   15,720 -175
9,741   11,270 -1,529
5,642   6,207 -565
5,910   5,919 -9
7,287   13,414 -6,127
5,175   6,176 -1,001
5,321   6,142 -821
6,477   7,322 -845
4,812   4,893 -81
6,305   5,037 1,268
5,389   5,740 -351
8,115   7,065 1,050
8,483   9,880 -1,397
9,157   10,638 -1,481
5,750   6,391 -641
5,966   5,953 13
6,527   7,548 -1,021
4,562   5,830 -1,268
5,075   6,136 -1,061
7,414   11,310 -3,896
8,024   132 7,892
6,505   97 6,408
5,323   5,011 312
9,351   173 9,178
6,514   131 6,383
5,375   6,063 -688
202   288 -86
10,914   14,555 -3,641
9,137   5,726 3,411
7,714   9,449 -1,735
5,811   5,793 18
4,839   5,384 -545
4,006   4,809 -803
5,054   5,781 -727
5,472   7,397 -1,925
15,272   17,430 -2,158
5,490   5,459 31
261   209 52
4,304   4,929 -625
4   4  
5,389   5,999 -610
5,054   5,381 -327
15,463   14,453 1,010
8,337   8,244 93
6,563   7,058 -495
6,587   7,635 -1,048
4,536   4,285 251
4,963   5,784 -821
7,436   7,339 97
4,530   5,915 -1,385
24,296   18,187 6,109
12,096   12,430 -334
5,024   5,582 -558
8,151   9,247 -1,096
25,469   25,845 -376
31,342   39,032 -7,690
7,722   8,580 -858
24,397   37,427 -13,030
5,683   6,163 -480
6,642   6,699 -57
5,201   6,074 -873
5,893   6,117 -224
6,256   6,276 -20
16,089   18,838 -2,749
5,262   5,735 -473
5,668   5,883 -215
5,088   5,425 -337
5,196   5,051 145
5,526   6,112 -586
4,586   6,022 -1,436
13,145   12,979 166
5,260   5,460 -200
5,216   6,243 -1,027
4,744   6,425 -1,681
5,007   5,859 -852
5,583   5,989 -406
6,786   7,215 -429
7,692   8,130 -438
4,924   4,889 35
12,126   11,605 521
10,559   14,027 -3,468
4,568   5,039 -471
5,850   6,968 -1,118
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
      1,200
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       -1,705
b       -1,355
c       -1,447
d       -1,022
e       -775
      -282
      -283
      -1,438
      -1,014
      -112
      -227
      -1,890
      11,079
      11,661
      1,498
      -1,360
      121
      -1,753
      -1,468
      -1,190
      -1,066
      -356
      4,567
      -2,223
      5,378
      16,839
      14,575
      -240
      -174
      -690
      -860
      -1,522
      -123
      -809
      -4,107
      11
      -587
      -1,022
      -283
      -1,608
      -290
      182
      -308
      -547
      -876
      -1,436
      -612
      45
      -1,758
      -15,217
      133
      -467
      -1,175
      -775
      2
      -501
      -240
      -2,200
      -3,322
      -1,413
      7,823
      6,539
      555
      319
      -94
      -2,184
      69
      -401
      -413
      -377
      -449
      -71
      -322
      -261
      -1,231
      8,649
      6,743
      -102
      -255
      -515
      -1,891
      -788
      -1,861
      -2,868
      -968
      -241
      22,105
      14,224
      22,295
      15,383
      66,386
      9,454
      14,302
      7,245
      51
      -384
      -2,298
      -679
      -257
      -887
      -5,727
      -998
      -172
      -752
      -2,380
      -1,609
      -29
      -581
      -706
      -1,206
      -2,008
      10,239
      7,724
      -821
      -1,415
      -306
      -559
      -5,898
      -621
      189
      1,236
      -2,000
      -1,019
      -434
      -1,412
      -983
      -556
      132
      -1,206
      -1,665
      -729
      -197
      73
      -476
      -871
      -361
      -1,529
      -175
      -1,529
      -565
      -9
      -6,127
      -1,001
      -821
      -845
      -81
      1,268
      -351
      1,050
      -1,397
      -1,481
      -641
      13
      -1,021
      -1,268
      -1,061
      -3,896
      7,892
      6,408
      312
      9,178
      6,383
      -688
      -86
      -3,641
      3,411
      -1,735
      18
      -545
      -803
      -727
      -1,925
      -2,158
      31
      52
      -625
       
      -610
      -327
      1,010
      93
      -495
      -1,048
      251
      -821
      97
      -1,385
      6,109
      -334
      -558
      -1,096
      -376
      -7,690
      -858
      -13,030
      -480
      -57
      -873
      -224
      -20
      -2,749
      -473
      -215
      -337
      145
      -586
      -1,436
      166
      -200
      -1,027
      -1,681
      -852
      -406
      -429
      -438
      35
      521
      -3,468
      -471
      -1,118
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 128,948
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 4,702
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 4,702
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 4,702
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 5,584
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,584
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 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 882
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax882 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
MA
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 ofWILMINGTON TRUST COMPANY Telephone no. (302) 651-1040

Located atPO BOX 70WILMINGTONDE ZIP+419899
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
SENANI BABSON CO-TRUSTEE
1 		0    
PO BOX 70
WILMINGTON,DE19899
MAITHRI BABSON CO-TRUSTEE
1 		0    
PO BOX 70
WILMINGTON,DE19899
PHILLIP HALL CO-TRUSTEE
1 		0    
2 LIBERTY SQUARE SUITE 500
BOSTON,MA02109
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
Wilmington Trust Company INVESTMENT MANAGEMEN 122,902
PO BOX 70
WILMINGTON,DE19899
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................  
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
16,854,532
b
Average of monthly cash balances.......................
1b
152,517
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
17,007,049
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
17,007,049
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
255,106
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
16,751,943
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
837,597
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
837,597
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
4,702
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,702
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
832,895
4
Recoveries of amounts treated as qualifying distributions................
4
15,000
5
Add lines 3 and 4............................
5
847,895
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
847,895
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
728,662
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
728,662
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 7 847,895
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...... 0
b From 2021...... 10,058
c From 2022...... 0
d From 2023...... 0
e From 2024...... 37,873
f Total of lines 3a through e ........ 47,931
4Qualifying distributions for 2025 from Part
XI, line 4: $ 728,662
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..... 728,662
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 47,931 47,931
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		71,302
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 0
c Excess from 2023 .... 0
d Excess from 2024 .... 0
e Excess from 2025 .... 0
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:
GMA FOUNDATIONS ATTN ANNA DOGGETT
2 LIBERTY SQUARE SUITE 500
BOSTON,MA02109
(617) 426-7075
bThe form in which applications should be submitted and information and materials they should include:
TWO COPIES OF THE AGM OR NGG COMMON GRANT APPLICATION
cAny submission deadlines:
POSTMARKED BY APRIL 1 OR SEPT 25
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
WITH FEW EXCEPTIONS, PREFERENCE IS GIVEN TO MASSACHUSETTS CHARITIES AND EDUCATIONAL ORGANIZATIONS
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

SEE ATTACHED LIST OF GRANTS

PO BOX 70
WILMINGTON,DE19899 		NONE   GENERAL SUPPORT 690,368
Total ................................. 3a 690,368
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 3,135  
4 Dividends and interest from securities ....     14 335,760  
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 ............ 		    18 128,948  
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) ..   467,843  
13Total. Add line 12, columns (b), (d), and (e)..................
13
467,843
(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 InvestmentsCorpBondsSchedule
Name:
PAUL & EDITH BABSON FOUNDATION 106846-000
EIN:
04-6037891
Name of Bond End of Year Book Value End of Year Fair Market Value
24524282 AMERICAN BEACON SIM H    
592905509 METWEST TOTAL RETURN 935,510 798,530
97181C811 WILMINGTON BROAD MAR 1,082,654 963,556
024524282 AMERICAN BEACON SIM 303,969 332,435

TY 2025 InvestmentsCorpStockSchedule
Name:
PAUL & EDITH BABSON FOUNDATION 106846-000
EIN:
04-6037891
Name of Stock End of Year Book Value End of Year Fair Market Value
00287Y109 ABBVIE INC 21,145 58,493
00724F101 ADOBE INC 10,384 16,100
02079K305 ALPHABET INC CL A 91,115 1,058,879
09250J734 BLACKROCK EVENT DRIV 85,602 94,017
101137107 BOSTON SCIENTIFIC CO 39,017 78,187
126408103 CSX CORP COMMON 40,351 48,068
126650100 CVS HEALTH CORPORATI 10,744 14,761
127387108 CADENCE DESIGN SYS I 30,024 45,949
17275R102 CISCO SYSTEMS INC 5,083 8,242
191216100 COCA COLA CO COM 7,349 359,757
20030N101 COMCAST CORP NEW A 38,722 44,506
20825C104 CONOCOPHILLIPS 12,539 23,777
22788C105 CROWDSTRIKE HOLDINGS 24,140 61,876
244199105 DEERE & CO COMMON 34,862 46,557
25816109 AMERICAN EXPRESS CO    
291011104 EMERSON ELECTRIC CO 9,182 422,846
32654105 ANALOG DEVICES INC    
337738108 FISERV INC 28,994 20,151
369604301 GE AEROSPACE 11,329 562,771
370334104 GENERAL MILLS INC 1,903 2,279
37833100 APPLE INC    
388689101 GRAPHIC PACKAGING HO    
41068X100 HA SUSTAINABLE INFRA 6,656 10,403
437076102 HOME DEPOT INC COM 33,115 50,583
460690100 INTERPUBLIC GROUP CO    
46266C105 IQVIA HOLDINGS INC    
46284V101 IRON MOUNTAIN INC RE 29,756 47,530
464287648 ISHARES RUSSELL 2000 268,525 668,631
46432F842 ISHARES CORE MSCI EA 469,158 635,166
46434G863 ISHARES ESG AWARE MS 153,382 154,595
478160104 JOHNSON & JOHNSON 6,740 622,506
532457108 ELI LILLY & CO 17,206 33,315
533900106 LINCOLN ELECTRIC HLD 18,351 23,245
550021109 LULULEMON ATHLETICA    
58933Y105 MERCK & CO INC 26,558 319,675
594918104 MICROSOFT CORP 505,949 695,446
64058100 BANK NEW YORK MELLON    
65339F101 NEXTERA ENERGY INC 13,253 21,997
66987V109 NOVARTIS AG ADR 18,372 64,110
67066G104 NVIDIA CORP COM 289,220 923,175
713448108 PEPSICO INC COM 5,468 402,287
742718109 PROCTER & GAMBLE CO 7,896 379,915
745867101 PULTE GROUP INC 47,771 66,486
758750103 REGAL REXNORD CORPOR 15,103 25,538
759351604 REINSURANCE GROUP OF 35,503 53,917
79466L302 SALESFORCE INC 30,153 38,677
799926100 SANDOZ GROUP AG SPON 9,879 58,220
81762P102 SERVICENOW INC 29,701 39,063
85254J102 STAG INDUSTRIAL REIT 22,435 23,784
871829107 SYSCO CORP COMMON 9,619 10,759
876030107 TAPESTRY INC 14,269 59,413
91324P102 UNITEDHEALTH GROUP I 55,857 59,750
922908751 VANGUARD SMALL-CAP E 218,722 512,031
92826C839 VISA INC 36,458 65,933
947890109 WEBSTER FINL CORP WA 17,456 29,330
97181C332 WILMINGTON GLOBAL AL 75,394 99,101
97181C431 WILMINGTON REAL ASSE 471,749 527,357
98138H101 WORKDAY INC-A 24,744 33,720
G1151C101 ACCENTURE PLC- CL A 13,670 22,806
G48833118 WEATHERFORD INTERNAT    
G54950103 LINDE PLC 23,321 26,863
G7496G103 RENAISSANCERE HOLDIN 4,814 6,467
V7780T103 ROYAL CARIBBEAN CRUI 10,770 23,708
7903107 ADVANCED MICRO DEVICES    
12653101 ALBEMARLE CORP COM    
20002101 ALLSTATE CORP    
23135106 AMAZON.COM INC    
31162100 AMGEN INC COM    
45487105 ASSOCIATED BANC CORP    
52769106 AUTODESK COM    
60505104 BANK AMER CORP    
101121101 BXP INC REIT    
14040H105 CAPITAL ONE FINANCIA 24,126 49,441
159864107 CHARLES RIVER LABS I    
229899109 CULLEN FROST BANKERS 5,034 5,698
25179M103 DEVON ENERGY CORP    
254687106 WALT DISNEY CO 23,327 27,532
281020107 EDISON INTERNATIONAL    
294429105 EQUIFAX INC COM    
30231G102 EXXON MOBIL CORP 46,402 80,387
302491303 FMC CORPORATION COMM    
302520101 FNB CORP PA 22,992 28,882
40413205 ARISTA NETWORKS INC    
867975104 SUNRISE COMMS AG CL    
36828A101 GE VERNOVA LLC 2,852 287,571
219948106 CORPAY INC 6,147 6,320
G61188127 LIBERTY GLOBAL LTD C 3,923 3,842
44267T102 HOWARD HUGHES HOLD    
303250104 FAIR ISAAC INC 5,119 6,762
316773100 FIFTH THIRD BANCORP 12,913 17,413
35671D857 FREEPORT-MCMORAN INC    
364760108 GAP INC COM 9,307 12,211
38141G104 GOLDMAN SACHS GROUP 21,857 50,103
412822108 HARLEY DAVIDSON COMM    
461202103 INTUIT INC COM    
46625H100 JPMORGAN CHASE & CO 63,653 118,899
48020Q107 JONES LANG LASALLE I 5,617 10,767
548661107 LOWES COMPANIES INC 5,869 6,029
592688105 METTLER TOLEDO INTER    
69608A108 PALANTIR TECHNOLOGIE 9,027 97,940
553368101 MP MATERIALS CORP 5,393 17,328
25809K105 DOORDASH INC CL A 7,915 16,760
9066101 AIRBNB INC CL A    
88262P102 TEXAS PACIFIC LAND C 5,687 6,032
26210V102 DRIVEN BRANDS HOLDIN 6,025 6,773
771049103 ROBLOX CORP CL A 5,684 11,263
19260Q107 COINBASE GLOBAL INC 436 452
595112103 MICRON TECHNOLOGY IN    
617446448 MORGAN STANLEY GROUP 14,891 30,180
655664100 NORDSTROM INC COM    
670346105 NUCOR CORP COMMON    
68389X105 ORACLE CORPORATION C 13,572 21,440
693475105 PNC FINANCIAL SERVIC 14,304 19,829
693475105 PNC FINANCIAL SERVIC    
743315103 PROGRESSIVE CORP COM 15,819 19,128
747628106 QUANTA SERVICES INC    
05329W102 AUTONATION INC 8,415 12,595
166764100 CHEVRON CORP 42,713 45,571
536797103 LITHIA MOTORS INC CL 23,781 28,248
97650W108 WINTRUST FINANCIAL C 20,530 29,222
707569109 PENN ENTERTAINMENT I    
31620M106 FIDELITY NATL INFORM 6,905 7,444
227046109 CROCS INC    
893641100 TRANSDIGM GROUP INC    
488401100 KEMPER CORP    
983793100 XPO INC 7,832 12,232
03674X106 ANTERO RESOURCES COR 7,864 11,958
90400D108 ULTRAGENYX PHARMACEU    
165167735 EXPAND ENERGY CORPOR 5,984 7,504
369604301 GE AEROSPACE    
78351F107 RYAN SPECIALTY HOLDI 4,810 5,731
759916109 REPLIGEN CORP COM    
770323103 ROBERT HALF INC    
808513105 SCHWAB CHARLES CORP 19,444 30,572
810186106 SCOTTS MIRACLE-GRO C 5,395 5,485
816300107 SELECTIVE INS GROUP 6,433 6,694
902788108 UMB FINANCIAL CORP 8,911 12,654
902973304 U S BANCORP DEL COM 9,134 11,419
911312106 UNITED PARCEL SERVIC 8,998 10,613
988498101 YUM! BRANDS INC 15,560 17,095
78442P106 SLM CORP COM 5,335 7,279
37637Q105 GLACIER BANCORP INC 9,861 11,189
31946M103 FIRST CITIZENS BANCS 11,211 17,169
759509102 RELIANCE INC    
95082P105 WESCO INTERNATIONAL    
197236102 COLUMBIA BANKING SYS 9,476 13,248
88224Q107 TEXAS CAPITAL BANCSH 8,448 12,223
90384S303 ULTA BEAUTY INC.    
G491BT108 INVESCO LIMITED    
03769M106 APOLLO GLOBAL MANAGE 8,071 11,726
21037T109 CONSTELLATION ENERGY 12,592 37,093
770700102 ROBINHOOD MARKETS IN 4,923 52,026
26142V105DRAFTKINGS INC CL A    
74967X103 RH 16,373 18,094
G87110105 TECHNIPFMC LTD 6,598 14,749
48251W104 KKR & CO INC CL A 19,766 29,830
844895102 SOUTHWEST GAS HOLDIN 3,742 4,081
855244109 STARBUCKS CORP COM    
876211000 TARGET CORP COM    
889478103 TOLL BROTHERS COMMON 4,960 6,896
911363109 UNITED RENTALS INC C    
929042109 VORNADO REALTY TRUST 18,131 21,033
91913Y100 VALERO ENERGY CORP C    
71424F105 PERMIAN RESOURCES CO    
35710839 ANNALY CAPITAL MANAGE    
30040W108 EVERSOURCE ENERGY 6,145 7,541
29786A106 ETSY INC 10,144 11,698
941848103 WATERS CORP COMMON    
942622200 WATSCO INC CL A    
949746101 WELLS FARGO & CO 20,947 39,144
963320106 WHIRLPOOL CORP COM    
969904101 WILLIAM SONOMA INC C 5,029 8,572
298736109 EURONET WORLDWIDE IN    
75281A109 RANGE RESOURCES CORP 5,742 6,805
26603R106 DUOLINGO INC CL A 5,455 5,616
70830104 BATH & BODY WORKS INC    
35909D109 FRONTIER COMMUNICATI 21,266 26,801
37637K108 GITLAB INC CL A    
17888H103 CIVITAS RESOURCES IN    
303075105 FACTSET RESEARCH SYS    
576323109 MASTEC INC 8,620 28,910
64110L106 NETFLIX INC. 45,133 76,883
37940X102 GLOBAL PAYMENTS INC    
29977A105 EVERCORE INC 6,329 12,249
848574109 SPIRIT AEROSYSTEMS H    
02043Q107 ALNYLAM PHARMACEUTIC 5,664 9,544
03831W108 APPLOVIN CORP CL A 4,967 76,815
573874104 MARVELL TECHNOLOGY I    
674215207 CHORD ENERGY CORPORA    
83406F102 SOFI TECHNOLOGIES IN 4,949 17,043
20717M103 CONFLUENT INC    
29444U700 EQUINIX INC REIT    
98954M101 ZILLOW GROUP INC 5,587 7,915
858119100 STEEL DYNAMICS INC 4,972 7,286
594972408 STRATEGY INC CL A 8,458 7,598
90572207 BIO RAD LABS INC CL A    
70438V106 PAYLOCITY HOLDING CO 5,437 5,643
87161C501 SYNOVUS FINANCIAL CO 13,159 16,967
840441109 SOUTHSTATE CORPORATI    
174610105 CITIZENS FINANCIAL G 23,158 40,303
69047Q102 OVINTIV INC    
G0403H108 AON PLC 4,781 5,646
833445109 SNOWFLAKE INC CL A 5,842 10,749
77311W101 ROCKET COS INC 4,970 7,938
143130102 CARMAX INC 28,896 32,226
49427F108 KILROY REALTY CORP    
589378108 MERCURY SYSTEMS, INC 4,858 11,536
253393102 DICKS SPORTING GOODS 10,348 13,462
50212V100 LPL FINANCIAL HOLDIN 5,863 7,858
803607100 SAREPTA THERAPEUTICS 6,153 7,231
G66721104 NORWEGIAN CRUISE LIN 7,269 9,107
41068X100 HA SUSTAINABLE INFRA    
852234103 BLOCK INC CL A    
68268W103 ONEMAIN HOLDINGS INC 12,196 17,360
462222100 IONIS PHARMACEUTICAL 5,933 13,844
82982L103 SITEONE LANDSCAPE SU    
49714P108 KINSALE CAPITAL GROU 7,937 7,822
143658300 CARNIVAL CORPORATION 8,682 16,125
05561Q201 BOK FINANCIAL CORPOR 5,033 6,989
09062X103 BIOGEN INC 28,476 38,718
23436108 AMEDISYS INC    
629377508 NRG ENERGY INC 10,818 32,166
G0585R106 ASSURED GUARANTY LTD    
25754A201 DOMINO'S PIZZA INC 3,749 3,751
253868103 DIGITAL REALTY TRUST 8,223 8,973
452327109 ILLUMINA INC 5,877 9,312
169656105 CHIPOTLE MEXICAN GR    
42809H107 HESS CORPORATION    
57636Q104 MASTERCARD INC CL A 34,011 44,529
45841N107 INTERACTIVE BROKERS 4,883 13,891
254709108 DISCOVER FINANCIAL S    
55354G100 MSCI INC - CL A 5,413 5,737
26884L109 EQT CORPORATION 7,236 10,827
72346Q104 PINNACLE FINANCIAL P 21,343 22,708
26874784 AMERICAN INTERNATIONA    
256677105 DOLLAR GENERAL CORPO 12,387 20,712
84670702 BERKSHIRE HATHAWAY IN    
30063P105 EXACT SCIENCES CORP 5,464 12,492
88160R101 TESLA INC. 110,957 275,229
910047109 UNITED AIRLINES HOLD 5,852 15,319
87612G101 TARGA RESOURCES CORP 15,898 34,317
39874R101 GROCERY OUTLET HOLDI    
75513E101 RTX CORPORATION 5,437 11,004
82452J109 SHIFT4 PAYMENTS INC 8,531 7,367
09260D107 BLACKSTONE INC 22,034 27,745
37959E102 GLOBE LIFE INC 5,666 8,531
18915M107 CLOUDFLARE INC CL A 6,929 16,758
23804L103 DATADOG INC CL A    
90353T100 UBER TECHNOLOGIES IN 25,709 32,194
55087P104 LYFT INC CL A 4,958 7,651
125523100 THE CIGNA GROUP    
03990B101 ARES MANAGEMENT CORP 17,826 24,568
00912X302 AIR LEASE CORP 5,084 7,708
172967424 CITIGROUP INC 19,003 39,208
57164Y107 MARRIOTT VACATIONS W    
03027X100 AMERICAN TOWER CORP    
576485205 MATADOR RESOURCES CO    
30303M102 META PLATFORMS INC-A 170,054 287,139
11135F101 BROADCOM INC 97,770 269,612
47233W109 JEFFERIES FINANCIAL 6,147 9,296
457730109 INSPIRE MEDICAL SYST 6,753 6,825
03753U106 APELLIS PHARMACEUTI    
92840M102 VISTRA CORP 5,060 20,166
146869102 CARVANA CO CL A 6,345 21,101
05464C101 AXON ENTERPRISE INC 10,826 24,421
13872106 ALCOA CORP    
88339J105 THE TRADE DESK INC C 6,573 5,694
957638109 WESTERN ALLIANCE    
697435105 PALO ALTO NETWORKS 17,179 18,788
88033G407 TENET HEALTHCARE COR 5,557 13,513
69318G106 PBF ENERGY INC 5,651 7,133
76680R206 RINGCENTRAL INC    
122017106 BURLINGTON STORES IN 12,707 18,775
42226A107 HEALTHEQUITY INC 7,173 8,520
637870106 NATIONAL STORAGE AFF    
974155103 WINGSTOP INC    
89400J107 TRANSUNION 8,129 10,119
70450Y103 PAYPAL HOLDINGS INC 16,990 16,288
55024U109 LUMENTUM HOLDINGS IN 5,535 39,439
89832Q109 TRUIST FINANCIAL COR 11,951 15,698
780287108 ROYAL GOLD INCORPORA 6,377 8,225
62944T105 NVR INC 7,335 7,293
G9460G101 VALARIS LTD CL A 11,459 15,120
256746108 DOLLAR TREE INC 5,977 9,718
95058W100 THE WENDY'S COMPANY 14,735 12,162
30214U102 EXPONENT INC 6,382 6,112
023135106 AMAZON.COM INC 287,294 421,939
064058100 BANK NEW YORK MELLON 38,712 112,607
16359R103 CHEMED CORPORATION 9,224 8,557
806857108 SLB LIMITED 5,768 6,371
026874784 AMERICAN INTERNATION 4,895 6,074
045487105 ASSOCIATED BANC CORP 4,917 5,796
201723103 COMMERCIAL METALS CO 5,998 8,237
58463J304 MEDICAL PROPERTIES T 6,336 7,220
084670702 BERKSHIRE HATHAWAY I 39,758 45,741
097023105 BOEING CO COM 7,269 11,507
260557103 DOW INC 18,877 18,564
40412C101 HCA HEALTHCARE, INC 6,217 8,870
052769106 AUTODESK COM 5,562 6,808
L44385109 GLOBANT SA 6,512 6,864
013091103 ALBERTSONS COS INC 15,667 14,045
040413205 ARISTA NETWORKS INC 10,006 19,917
934423104 WARNER BROS DISCOVER 5,812 15,476
053332102 AUTOZONE INC COM 6,852 6,783
032654105 ANALOG DEVICES INC 57,092 300,761
60770K107 MODERNA INC 6,674 7,431
60855R100 MOLINA HEALTHCARE IN 8,085 9,718
501889208 LKQ CORPORATION 6,390 6,010
007903107 ADVANCED MICRO DEVIC 7,407 6,211
651639106 NEWMONT CORPORATION 5,937 11,682
020002101 ALLSTATE CORP 6,009 7,910
76954A103 RIVIAN AUTOMOTIVE IN 5,994 8,692
515098101 LANDSTAR SYSTEMS INC 4,766 5,173
626755102 MURPHY USA INC 11,282 12,106
406216101 HALLIBURTON HLDG CO 28,251 35,749
03743Q108 APA CORP 6,575 6,873
444859102 HUMANA INC COM 19,690 20,747
037833100 APPLE INC 81,526 1,205,699
15135B101 CENTENE CORPORATION 8,586 9,629
829933100 SIRIUS XM HOLDINGS I 6,323 5,419
67103H107 O'REILLY AUTOMOTIVE 20,608 20,522
74762E102 QUANTA SERVICES INC 7,890 16,882
22822V101 CROWN CASTLE INC. RE 11,826 11,109
29472R108 EQUITY LIFESTYLE PRO 6,365 6,425
150870103 CELANESE CORP 9,944 10,570
84472E102 SOUTHSTATE BANK CORP 4,884 5,647
403949100 HF SINCLAIR CORP 5,903 7,419
649445400 FLAGSTAR BANK, N.A. 6,053 6,219
05550J101 BJ'S WHOLESALE CLUB 6,336 5,942
29355A107 ENPHASE ENERGY INC 10,653 11,057
458140100 INTEL CORP COM 12,287 19,778
060505104 BANK AMER CORP 14,875 24,640
G21810109 CLARIVATE PLC 6,536 5,134
82846H405 QXO INC 6,285 5,980
580135101 MCDONALD'S CORPORATI 18,043 17,727
035710839 ANNALY CAPITAL MANAG 4,975 5,657
025816109 AMERICAN EXPRESS CO 19,929 62,522

TY 2025 LegalFeesSchedule
Name:
PAUL & EDITH BABSON FOUNDATION 106846-000
EIN:
04-6037891
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GMA - LEGAL EXPENSES 2,599     2,599


TY 2025 OtherDecreasesSchedule
Name:
PAUL & EDITH BABSON FOUNDATION 106846-000
EIN:
04-6037891
Description Amount
2025 TRANSACTION POSTED IN 2026 14,319
PRIOR YEAR RETURN OF CAPITAL ADJUSTMENT 3,295
COST BASIS ADJUSTMENT 358


TY 2025 OtherExpensesSchedule
Name:
PAUL & EDITH BABSON FOUNDATION 106846-000
EIN:
04-6037891
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR FEES 47 47   0
GMA - POSTAGE/FEDEX EXPENSES 112 0   112


TY 2025 OtherIncreasesSchedule
Name:
PAUL & EDITH BABSON FOUNDATION 106846-000
EIN:
04-6037891
Description Amount
2024 TRANSACTION POSTED IN 2025 10,634
RECOVERY OF PRIOR YEAR GRANTS 15,000
ROUNDING 1


TY 2025 OtherProfessionalFeesSchedule
Name:
PAUL & EDITH BABSON FOUNDATION 106846-000
EIN:
04-6037891
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES WTC 122,902 122,902    
GMA GRANTMAKING FEES 34,755     34,755


TY 2025 TaxesSchedule
Name:
PAUL & EDITH BABSON FOUNDATION 106846-000
EIN:
04-6037891
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 366 366   0
FEDERAL TAX PAYMENT - PRIOR YE 35,081 0   0
ESTIMATED TAX PAYMENTS 5,584 0   0
FOREIGN TAXES ON QUALIFIED FOR 1,454 1,454   0
FOREIGN TAXES ON NONQUALIFIED 360 360   0