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 BEA & DAVID ZACK MEMORIAL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 3 RUBY FIELD COURT
  Room/suite
City or town
BALTIMORE
State or province
MD
Country  
ZIP or foreign postal code
21209
A Employer identification number

03-0575765
B Telephone number (see instructions)

2128320400
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)$5,588,868J 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) 330,994
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 108,433 108,433  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 420,392
b Gross sales price for all assets on line 6a 1,071,723
7 Capital gain net income (from Part IV, line 2)... 420,392
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........ 859,819 528,825  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
9,443 4,722   4,721
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
36,306 36,306   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,289 2,289   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.......... 48,038 43,317   4,721
25 Contributions, gifts, grants paid....... 235,000 235,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 283,038 43,317   239,721
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 576,781
b Net investment income (if negative, enter -0-) 485,508
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......... 180,968 446,751 446,751
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)....... 3,667,800 Click to see attachment
List of Attached Documents:
// Content
3,593,820 		5,142,117
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 3,848,768 4,040,571 5,588,868
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 3,848,768 4,040,571
29 Total net assets or fund balances (see instructions)..... 3,848,768 4,040,571
30 Total liabilities and net assets/fund balances (see instructions). 3,848,768 4,040,571
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
3,848,768
2
Enter amount from Part I, line 27a .....................
2
576,781
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,425,549
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
384,978
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
4,040,571
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      
b CAPITAL GAIN DISTRIBUTIONS      
c
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 1,051,589   651,331 400,258
b 20,134     20,134
c
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       400,258
b       20,134
c
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 2 420,392
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 6,749
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 6,749
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 6,749
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 2,790
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 2,790
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 46
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 4,005
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)
MD
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 ofDONALD ZACK Telephone no. (212) 331-7425

Located at3 RUBY FIELD COURTBALTIMOREMD ZIP+421209
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
DONALD J ZACK PRESIDENT & TREASURER
1.00 		0 0 0
3 RUBY FIELD COURT
BALTIMORE,MD21209
ELLEN M OKUN VICE PRESIDENT & SECRETARY
1.00 		0 0 0
3 RUBY FIELD COURT
BALTIMORE,MD21209
ANDREW ZACK DIRECTOR
1.00 		0 0 0
1041 CARA CT
CARBONDALE,CO81623
RACHEL ZACK DIRECTOR
1.00 		0 0 0
335 HARVARD ST
CAMBRIDGE,MA02139
ELIZABETH ZACK DIRECTOR
1.00 		0 0 0
4409 ATWICK RD
BALTIMORE,MD21210
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
5,037,653
b
Average of monthly cash balances.......................
1b
115,851
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
5,153,504
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
5,153,504
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
77,303
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,076,201
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
253,810
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
253,810
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
6,749
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,749
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
247,061
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
247,061
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
247,061
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
239,721
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
239,721
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 7 247,061
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 220,953
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 239,721
a Applied to 2024, but not more than line 2a 220,953
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..... 18,768
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		228,293
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 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
DONALD J ZACK
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
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

ACLU FOUNDATION

125 BROAD STREET 18TH FLOOR
NEW YORK,NY10004 		N/A   GENERAL SUPPORT 35,000

BLACK WOMEN BUILD - BALTIMORE

PO BOX 16564
BALTIMORE,MD21217 		N/A   SUPPORT HOME OWNERSHIP AND WEALTH BUILDING INITIATIVE FOCUSED ON BLACK WOMEN 20,000

CASA OF MARYLAND INC

734 UNIVERSITY BOULEVARD EAST
SILVER SPRING,MD209032937 		N/A   GENERAL SUPPORT 30,000

EAST END HOUSE INC

105 SPRING STREET
CAMBRIDGE,MA02141 		N/A   GENERAL SUPPORT 10,000

ENVIRONMENTAL DEFENSE FUND

1875 CONNECTICUT AVENUE NW SUITE
600
WASHINGTON,DC20009 		N/A   ADDRESS GLOBAL ENVIRONMENTAL CHALLENGES 15,000

HEALTH CARE FOR THE HOMELESS

421 FALLSWAY
BALTIMORE,MD21202 		N/A   SUPPORT PROVISION OF WHOLE-PERSON HEALTH CARE AND SUPPORTIVE SERVICES TO HOMELESS INDIVIDUALS 15,000

JUST-A-START CORPORATION

430 RINDGE AVENUE 301
CAMBRIDGE,MA02140 		N/A   GENERAL SUPPORT 30,000

MARYLAND FOOD BANK

2200 HALETHORPE FARMS ROAD
BALTIMORE,MD21227 		N/A   FEEDING PEOPLE, STRENGTHENING COMMUNITIES, AND ENDING HUNGER FOR MARYLANDERS 10,000

MUSIC HOUSE

1 ST MARKS AVENUE
LEEDS   LS2 9BN
UK 		N/A   TO HELP MAKE MUSIC ACCESSIBLE TO EVERYONE IN OUR COMMUNITIES 2,000

PUBLIC JUSTICE CENTER

1 NORTH CHARLES STREET SUITE 200
BALTIMORE,MD21201 		N/A   SUPPORT ADVOCACY GROUP TO HELP BUILD A JUST SOCIETY 30,000

RYR-1 FOUNDATION

PO 13312
PITTSBURG,PA15243 		N/A   SUPPORT RESEARCH LEADING TO AN EFFECTIVE TREATMENT OR A CURE FOR RYR-1 RELATED DISEASES 3,000

SECOND CHANCES

PO BOX 441328
SOMERVILLE,MA02144 		N/A   SUPPORT DELIVERY OF FREE, EMPOWERING CLOTHING TO 500+ PEOPLE EXPERIENCING POVERTY, CRISIS, AND HOUSING INSTABILITY IN CAMBRIDGE, SOMERVILLE, AND ADJACENT COMMUNITIES EACH YEAR 10,000

SOUTHERN POVERTY LAW CENTER

400 WASHINGTON AVENUE
MONTGOMERY,AL36104 		N/A   DEDICATED TO FIGHTING HATE AND BIGOTRY AND TO SEEKING JUSTICE FOR THE MOST VULNERABLE MEMBERS OF SOCIETY. 10,000

UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC

220 N ARCH STREET
BALTIMORE,MD21201 		N/A   SOLICIT/RECEIVE CONTRIBUTIONS/GRANTS FROM GENERAL PUBLIC TO HOLD, INVEST AND ADMINISTER THESE FUNDS AND PAY EXPENDITURES FOR UNIVERSITY AND SERVE IN ADVISORY ROLE TO PRESIDENT. 15,000
Total ................................. 3a 235,000
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 108,433  
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 ............ 		    18 420,392  
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) .. 0 528,825 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
528,825
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
THE BEA & DAVID ZACK MEMORIAL FOUNDATION
 
Employer identification number

03-0575765
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025) Page 2
Name of organization
THE BEA & DAVID ZACK MEMORIAL FOUNDATION
  		Employer identification number
03-0575765
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
DONALD ZACK
 
3 RUBY FIELD COURT
 
BALTIMORE, MD21209

$ 330,994


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE BEA & DAVID ZACK MEMORIAL FOUNDATION
  		Employer identification number

03-0575765
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 600 SH. AMERCIAN EXPRESS COMPANY $ 227,667 2025-12-17
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 200 SHARE MICROSOFT CORP $ 95,500 2025-12-17
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 25 SHARE TESLA MOTORS, INC $ 7,827 2025-02-25
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE BEA & DAVID ZACK MEMORIAL FOUNDATION
  		Employer identification number

03-0575765
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2025 AccountingFeesSchedule
Name:
THE BEA & DAVID ZACK MEMORIAL FOUNDATION
EIN:
03-0575765
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
RETURN PREPARATION AND TAX COMPLIANCE 9,443 4,722   4,721

TY 2025 InvestmentsCorpStockSchedule
Name:
THE BEA & DAVID ZACK MEMORIAL FOUNDATION
EIN:
03-0575765
Name of Stock End of Year Book Value End of Year Fair Market Value
ACADIA HEALTHCARE COMPANY INC COM 5,897 2,866
ACCURAY INCORPORATED COM 2,051 787
ADEIA INC COM 4,261 8,867
ADVANTEST CORP SPON ADR 3,300 8,337
ADYEN NV UNSPON ADS 7,279 6,260
AERCAP HOLDINGS N V 6,138 29,471
AFLAC INC COM 2,682 7,057
AIA GROUP ADR 9,358 10,258
ALCOA CORP COM 2,219 3,667
ALCON INC 4,613 5,753
ALIGHT INC COM CL A 7,222 2,046
ALLY FINANCIAL INC COM 8,189 8,560
ALPHA SERVICES AND HOLDINGS S.A SPN ADR 3,221 4,090
ALPHABET INC CAP STK CL A 26,224 143,354
ALPHABET INC CAP STK CL A 16,717 81,693
AMADEUS IT GROUP S A UNSPONSORED ADS 4,593 4,261
AMAZON.COM INC 52,221 114,948
AMERICAN WATER WORKS COMPANY INC COM 6,174 7,961
AMNEAL PHARMACEUTICALS INC COM STK CL A 2,682 7,888
APPLE INC 21,228 35,070
APPLE INC 14,309 68,781
APPLIED MATERIALS INC COM 17,530 30,839
ARCOSA INC COM 8,423 12,865
ARES MANAGEMENT CORPORATION CL A COM STK 10,239 11,476
ARISTA NETWORKS INC COM 3,060 32,758
ARTHUR J. GALLAGHER & CO. ISIN 6,616 5,693
ASHTEAD GROUP SPON ADS 8,146 8,489
ASM INTERNATIONAL NV SPON ADR 8,765 9,051
ASML HOLDING NV EURO 7,611 18,188
ASSA ABLOY UNSP ADR 6,796 11,412
ASTRAZENECA PLC SPON ADR 9,039 19,581
ASTRAZENECA PLC SPON ADR 9,992 14,341
ATLAS COPCO AB SP ADR B NEW 6,241 11,952
ATMOS ENERGY CORP COM NPV 8,262 11,734
ATRICURE INC 3,125 5,182
AUTOZONE INC COM 8,873 10,175
AVERY DENNISON CORP COM 4,345 11,822
AXA SA SPON ADR 4,866 10,558
BABCOCK & WILCOX ENTERPRISES I COM 6,342 6,467
BANC OF CALIFORNIA INC COM 6,589 8,507
BANK OF AMERICA CORP COM 12,109 22,825
BANK OF AMERICA CORP COM 13,281 23,155
BECTON DICKINSON & CO COM 8,085 11,450
BEIERSDORF A G UNSPONSORED GERMA ADR 6,729 5,279
BERKSHIRE HATHAWAY INC COM 39,458 72,382
BLOOM ENERGY CORP COM CL A 502 6,691
BOOKING HOLDINGS INC COM 14,743 16,066
BOSTON SCIENTIFIC CORP 11,919 11,156
BREAD FINANCIAL HOLDINGS INC COM 4,397 4,960
BRIGHT HORIZONS FAMILY SOLUTIONS INC 9,742 10,546
CADENCE DESIGN SYSTEMS INC COM 7,950 9,065
CALERES INC COM 3,881 2,300
CAPITAL ONE FINANCIAL CORP COM 17,351 19,389
CENCORA INC COM 7,642 35,126
CENTURI HOLDINGS INC COM SHS 2,642 2,525
CEVA INC 4,018 3,723
CHARLES RIVER LABORATORIES INTERNATIONAL 1,998 5,585
CHIPOTLE MEXICAN GRILL INC 10,264 8,991
CIENA CORP 848 11,460
CLEAN HARBORS INC 1,814 6,331
CLEVELAND-CLIFFS INC NEW COM 6,547 9,694
CMS ENERGY CORP COM 6,524 6,294
CNX RES CORP COM 3,986 10,185
COGNYTE SOFTWARE LTD COM NPV WI 10,747 7,736
COHERENT CORP COM 1,245 7,567
COLGATE-PALMOLIVE CO COM 15,165 16,752
COMPASS GROUP PLC SPON ADR EACH REP 1 17,157 27,831
CONDUENT INC COM 7,758 3,790
CONMED CORP COM 3,090 1,868
CONTEMPORARY AMPEREX TECHNOLOGY CO 4,933 4,739
COSTCO WHOLESALE CORP COM 4,147 16,384
COTERRA ENERGY INC COM 14,630 15,213
CRITEO ADR REP ORD 7,723 11,603
CSX CORP COM 12,030 19,684
CYTOSORBENTS CORP 2,048 144
DAVITA INC COM 11,672 9,089
DECKERS OUTDOOR CORP 5,962 9,952
DEUTSCHE TELEKOM ADR 4,889 9,287
DEVON ENERGY CORP NEW 4,485 8,755
EATON CORP PLC COM 2,905 11,785
ECOLAB INC 10,717 17,064
ENCOMPASS HEALTH CORP COM 8,403 9,765
ENVIRI CORP COM 10,280 17,956
EQUINIX INC COM 10,955 10,726
FERGUSON ENTERPRISES INC COM 8,719 10,241
FIFTH THIRD BANCORP 10,276 12,311
FIRST SOLAR INC 2,061 10,188
GLACIER BANCORP INC 3,217 3,348
GODADDY INC CL A 19,558 31,392
GRAINGER W W INC COM 2,925 16,145
HAEMONETICS CORP MASS COM 11,948 17,393
HAIN CELESTIAL GROUP INC 7,339 472
HANNOVER RUECKVERSICHERUNG SE ADR 4,665 6,873
HELIOS TECHNOLOGIES INC COM 5,397 7,275
HOME DEPOT INC 6,342 7,226
HOME DEPOT INC 7,486 13,420
HOYA ADR 12,314 15,317
HUNT J.B. TRANSPORT SERVICES INC COM 7,757 11,077
HUNTINGTON BANCSHARES INC 11,692 16,587
INDIE SEMICONDUCTOR INC CLASS A COM 4,174 2,789
INDITEX (IND.DE DISENO TEXTIL SA) UNSP 5,267 11,253
ING GROEP NV SPONSORED ADR 3,811 14,448
INNOVEX INTERNATIONAL INC COM 3,662 2,603
INNOVIZ TECHNOLOGIES LTD SHS ISIN 2,833 582
INTEGRA LIFESCIENCES HOLDINGS CORP 7,620 4,322
INTERACTIVE BROKERS GROUP INC COM CLA 26,706 76,915
INTERCONTINENTAL EXCHANGE INC COM 12,853 12,794
INTESA SANPAOLO S.P.A. SPON ADR EACH REP 7,427 13,898
INTUIT INC 2,324 26,497
INTUIT INC 17,168 17,223
IPG PHOTONICS CORPORATION COM 8,329 7,804
ISHARES CORE MSCI EMERGING MARKETS ETF 65,806 90,209
ITRON INC 1,753 4,736
JERONIMO MARTINS SGPS SA ADR 6,315 5,941
JONES LANG LASALLE INC COM 4,668 12,449
JPMORGAN CHASE & CO 4,601 26,100
KBR INC COM 16,442 15,276
KONINKLIJKE AHOLD DELHAIZE N V S ADR 4,826 7,594
KYNDRYL HLDGS INC COMMON STOCK 9,124 14,953
KYNDRYL HLDGS INC COMMON STOCK 48,794 42,921
L AIR LIQUIDE ORD ADR 5,293 8,526
L OREAL UNSPON ADR 4,587 5,310
LAMB WESTON HLDGS INC COM 8,611 5,571
LEAR CORP 6,480 7,334
LINDE PLC COM EUR0.001 9,319 13,644
LIONS GATE ENTERTAINMENT CORP CL B NON 10,347 8,847
LIVERAMP HLDGS INC COM 3,530 3,701
LONDON STOCK EXCHANGE GROUP SPON ADS 4,123 3,363
LPL FINANCIAL HOLDINGS INC 5,258 13,930
LULULEMON ATHLETICA INC COM 4,198 5,819
MACOM TECH SOLUTIONS HLDGS INC COM 1,253 13,017
MACQUARIE GROUP LIMITED ADR 3,955 6,367
MAGNUM ICE CREAM CO 457 586
MAGNUM ICE CREAM CO 412 491
MASTERCARD INCORPORATED CL A 10,695 47,954
MASTERCARD INCORPORATED CL A 12,796 32,540
MCCORMICK & COMPANY INC COM NPV 9,322 9,399
MERCADOLIBRE INC COM 10,972 10,071
MERCEDES-BENZ GROUP AG UNSP ADR EACH REP 7,332 6,888
MICROSOFT CORP 32,589 103,495
MICROSOFT CORP 20,586 79,797
MITSUBISHI ELECTRIC ADR 8,241 14,906
MITSUBISHI UFJ FINANCIAL GROUP INC 11,234 19,032
MURATA MANUFACTURING CO UNSP ADR EACH 4,980 5,397
NCR VOYIX CORPORATION COM 3,351 3,152
NEOGEN CORP COM 1,352 1,160
NESTLE ADR 9,065 9,483
NETFLIX INC 8,821 15,939
NEUBERGER BERMAN EMERG MRKTS DEBT INSTL 124,420 115,166
NEUBERGER BERMAN EMERG MRKTS EQ INSTL 59,500 93,092
NEUBERGER BERMAN ETF TRUST EMRG MKTS 124,564 121,549
NEW JERSEY RES CORP COM 10,293 10,838
NEXTERA ENERGY INC COM 5,073 6,583
NLIGHT INC COM 2,262 7,014
NORTHWESTERN ENERGY GROUP INC COM NEW 10,194 12,908
NOVARTIS AG SPONSORED ADR 7,783 14,063
NOVO NORDISK A/S ADR 5,144 4,732
NOVO NORDISK A/S ADR 5,919 6,971
NUVEEN CORE IMPACT BOND 813,878 785,853
NVENT ELECTRIC PLC COM 7,418 9,789
NVIDIA CORPORATION COM 29,561 93,623
NXP SEMICONDUCTORS NV 8,249 15,194
ONESPAN INC COM 4,495 3,403
OPENLANE INC COM 8,952 16,260
ORASURE TECHNOLOGIES INC 5,657 1,817
ORIX CORPORATION SPON ADR 4,825 10,841
ORMAT TECHNOLOGIES INC 4,947 8,727
ORMAT TECHNOLOGIES INC 12,790 23,972
OSI SYSTEMS INC 3,396 13,263
OTIS WORLDWIDE CORP COM 9,104 14,238
OVERSEA-CHINESE BANKING CORP UNSP ADR 6,042 10,616
PALO ALTO NETWORKS INC COM 3,468 16,394
PATTERSON-UTI ENERGY INC COM 3,316 2,316
PAYLOCITY HOLDING CORP 13,234 9,608
PNC FINANCIAL SERVICES GROUP COM USD5 8,784 13,985
PORTLAND GENERAL ELECTRIC CO 10,652 12,285
PROCTER AND GAMBLE CO COM 4,781 6,879
PROGRESSIVE CORP COM 2,869 25,049
PROLOGIS INC. COM 6,939 6,894
PROSUS N.V. SPON ADR 4,987 10,012
PRYSMIAN SPA UNSP ADR 3,363 11,105
QUANTA SERVICES COM 862 8,441
QUIDELORTHO CORP COM 5,179 4,770
RADWARE LTD COM 4,465 4,360
RAMBUS INC 2,124 16,448
RELX PLC SPON ADS 5,777 5,861
RESIDEO TECHNOLOGIES INC COM 7,659 23,355
RIBBON COMMUNICATIONS INC COM 6,920 6,051
ROCHE HOLDINGS ADR 10,360 17,637
ROCHE HOLDINGS ADR 13,526 19,184
ROGERS CORP 2,879 3,571
SAGE GROUP PLC UNSPONSORD ADR 4,849 5,518
SAP ADR 4,705 10,688
SCHNEIDER ELECTRIC SE UNSPONSORED ADR 3,435 12,305
SEALED AIR CORP 3,400 4,267
SEMTECH GROUP 2,131 8,916
SERVICENOW INC COM 12,680 17,617
SHERWIN-WILLIAMS CO 7,485 18,146
SHOPIFY INC COM NPV CL A ISIN 4,821 9,819
SIEMENS AG SPON ADR 12,808 14,555
SINGAPORE TELECOMMUNICATIONS ADR 7,665 12,854
SOMNIGROUP INTERNATIONAL INC. COMMON 2,002 12,767
SONY FINANCIAL GROUP INC UNSPON ADS EACH 563 549
SONY GROUP CORPORATION SPON ADS EACH 9,455 13,542
SPOTIFY TECHNOLOGY S.A. COM 9,623 9,291
SPOTIFY TECHNOLOGY S.A. COM 7,566 7,549
SSE PLC SPONSORED ADR 8,757 13,224
STANDARD BIOTOOLS INC COM 3,249 986
STANDARD CHARTERED PLC UNSPON ADS EACH 7,362 8,359
STARBUCKS CORP COM 5,448 6,400
STARZ ENTERTAINMENT CORP COM NPV 939 749
STRATASYS LTD 10,347 5,876
STRAUMANN HOLDING AG UNSP ADS EACH REP 7,376 6,617
STRYKER CORPORATION COM 7,957 12,301
T&D HOLDINGS INC UNSP ADR 3,781 5,545
TAIWAN SEMICONDUCTOR MANUFACTURING SPON 12,197 12,459
TAIWAN SEMICONDUCTOR MANUFACTURING SPON 4,709 14,891
TAIWAN SEMICONDUCTOR MANUFACTURING SPON 1,106 8,509
TAYLOR WIMPEY PLC ADR 5,612 5,170
TDK ORD 2,752 7,403
TECHNIPFMC PLC 1,878 11,586
TECHTRONIC INDUSTRIES COMPANY ADR 5,890 5,700
TETRA TECH INC 7,173 8,385
TETRA TECHNOLOGIES INC 5,506 12,865
TEXAS CAP BANCSHARES INC COM 4,954 13,581
TEXAS INSTRUMENTS INC COM 3,122 23,074
THE CIGNA GROUP COM 23,299 32,202
THERMO FISHER SCIENTIFIC INC 12,067 12,748
TJX COMPANIES INC 11,349 14,132
TJX COMPANIES INC 9,734 29,800
TRANE TECHNOLOGIES PLC COM 12,032 11,287
TRANE TECHNOLOGIES PLC COM 3,028 11,676
TRAVELERS COMPANIES INC COM STK NPV 5,288 12,183
TREEHOUSE FOODS INC 8,127 4,293
TREX CO INC 11,785 4,701
UIPATH INC CL A 4,572 6,015
UNDER ARMOUR INC 4,182 2,760
UNILEVER PLC SPONSORED ADS 8,594 10,922
UNILEVER PLC SPONSORED ADS 7,600 8,960
UNION PAC CORP COM 11,304 10,641
UNISYS CORP 9,992 2,147
UNITED PARKS &RESORTS INC COM 1,274 3,158
UNITED RENTALS INC 2,951 21,852
VALMONT INDUSTRIES INC 9,008 12,070
VAREX IMAGING CORP COM 4,440 2,971
VARONIS SYSTEMS INC 6,298 6,265
VEECO INSTRUMENTS INC 7,664 14,919
VEOLIA ENVIRONNEMENT SPON ADR EACH RE 8,019 8,593
VERTEX PHARMACEUTICALS INC 10,069 9,521
VESTAS WIND SYS AS UNSP ASR 5,141 6,395
VIASAT INC 8,694 29,325
VISTRA CORP COM 274 5,163
WABTEC COM 5,819 17,289
WCM FOCUSED INTL GROWTH FUND INSTL 427,011 429,480
WHIRLPOOL CORP 6,551 4,906
WIX.COM LTD COM 2,422 4,052
XPERI INC COMMON STOCK 6,911 2,473
XYLEM INC COM 10,241 10,214

TY 2025 OtherDecreasesSchedule
Name:
THE BEA & DAVID ZACK MEMORIAL FOUNDATION
EIN:
03-0575765
Description Amount
ADJUSTMENT TO REFLECT DONATED STOCK AT COST BASIS 299,978
PRIOR PERIOD ADJUSTMENT 85,000


TY 2025 OtherProfessionalFeesSchedule
Name:
THE BEA & DAVID ZACK MEMORIAL FOUNDATION
EIN:
03-0575765
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 36,306 36,306   0


TY 2025 TaxesSchedule
Name:
THE BEA & DAVID ZACK MEMORIAL FOUNDATION
EIN:
03-0575765
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 2,289 2,289   0