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
Catalyst Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address) 18 Marbourne Drive
  Room/suite
City or town
Mamaroneck
State or province
NY
Country  
ZIP or foreign postal code
10543
A Employer identification number

76-0383386
B Telephone number (see instructions)

9147726862
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)$4,532,488J 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 3,335 3,335  
4 Dividends and interest from securities... 153,956 153,956  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 151,664
b Gross sales price for all assets on line 6a 920,846
7 Capital gain net income (from Part IV, line 2)... 151,664
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........ 308,955 308,955  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 53,500 0   53,500
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
11,350 5,675   5,675
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
49,015 49,015   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
5,214 704   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 12,548 0   12,548
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,309 0   4,309
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 135,936 55,394   76,032
25 Contributions, gifts, grants paid....... 160,000 160,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 295,936 55,394   236,032
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 13,019
b Net investment income (if negative, enter -0-) 253,561
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............. 6,706 42,391 42,391
2 Savings and temporary cash investments......... 206,109 140,085 140,085
3 Accounts receivable 500
Less: allowance for doubtful accounts   500 500 500
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).....   1,622 1,622
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)....... 3,480,899 Click to see attachment
List of Attached Documents:
// Content
3,509,418 		4,300,379
c Investments—corporate bonds (attach schedule)....... 40,718 Click to see attachment
List of Attached Documents:
// Content
53,935 		47,511
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) 3,734,932 3,747,951 4,532,488
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........ 3,734,932 3,747,951
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 3,734,932 3,747,951
30 Total liabilities and net assets/fund balances (see instructions). 3,734,932 3,747,951
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
3,734,932
2
Enter amount from Part I, line 27a .....................
2
13,019
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,747,951
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
3,747,951
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 P    
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 909,680   769,182 140,498
b 11,166     11,166
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       140,498
b       11,166
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 2 151,664
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 3,524
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 3,524
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 3,524
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 3,600
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,600
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 2,076
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax2,076 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
NY, TX
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 addresswww.catalyst-foundation.org
14
The books are in care ofBlazek Vetterling Telephone no. (713) 439-5739

Located at2900 Weslayan Suite 200HoustonTX ZIP+477027
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)
Yes
 
(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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
Yes
 
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
Ken SuyamaClick to see attachment
List of Attached Documents:
// Content
President/Trustee
3.00 		30,000 0 0
18 Marbourne Drive
Mamaroneck,NY10543
Yoshihiko Horio VP/Trustee
3.00 		22,000 0 0
18 Marbourne Drive
Mamaroneck,NY10543
William H Caudill Secretary/Trustee
3.00 		500 0 0
18 Marbourne Drive
Mamaroneck,NY10543
Hatsumi Suyama Treasurer/Trustee
3.00 		500 0 0
18 Marbourne Drive
Mamaroneck,NY10543
Shigeko Woolfalk Trustee
3.00 		7,600 0 0
18 Marbourne Drive
Mamaroneck,NY10543
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
4,231,900
b
Average of monthly cash balances.......................
1b
175,099
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
4,406,999
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
4,406,999
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
66,105
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,340,894
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
217,045
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
217,045
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
3,524
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,524
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
213,521
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
213,521
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
213,521
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
236,032
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
236,032
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 7 213,521
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023...... 54,068
e From 2024...... 21,863
f Total of lines 3a through e ........ 75,931
4Qualifying distributions for 2025 from Part
XI, line 4: $ 236,032
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..... 213,521
e Remaining amount distributed out of corpus 22,511
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 98,442
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		98,442
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 .... 54,068
d Excess from 2024 .... 21,863
e Excess from 2025 .... 22,511
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:
See website wwwcatalyst-foundationo
420 Columbus Avenue Suite 320
Valhalla,NY10595
(914) 772-6862
catalysis@catalyst-foundation.org
bThe form in which applications should be submitted and information and materials they should include:
Application on website
cAny submission deadlines:
See website
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
See website
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

Columbia University

615 West 131st Street MC 8725
New York,NY10027 		N/A   Research grant 60,000

GeoHazards International

6701 Koll Center Pkwy Suite 250
Pleasanton,CA94566 		N/A   Research grant 20,000

University of Washington

Paul G Allen Center 185 E Stevens
Way
Seattle,WA98195 		N/A   Research grant 80,000
Total ................................. 3a 160,000
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 ........... 		    14 3,335  
4 Dividends and interest from securities ....     14 153,956  
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 ............ 		    18 151,664  
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) .. 0 308,955 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
308,955
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
Catalyst Foundation
EIN:
76-0383386
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Tax compliance 4,250 2,125   2,125
Bookkeeping services 7,100 3,550   3,550

TY 2025 CompensationExplanation
Name:
Catalyst Foundation
EIN:
76-0383386
Person Name Explanation
Shigeko Woolfalk Trustee fees: $500Accounting services: $7,100

TY 2025 InvestmentsCorpBondsSchedule
Name:
Catalyst Foundation
EIN:
76-0383386
Name of Bond End of Year Book Value End of Year Fair Market Value
83 Affiliated Managers Group Inc 5.875% 03/30/59 2,207 1,744
70 Affiliated Managers Group Inc 4.75% 09/30/2060 1,676 1,187
84 Affiliated Managers Group Inc 4.20% 09/30/2061 1,466 1,291
42 American Financial Group Inc 5.875% 03/30/2059 1,147 905
102 American Financial Group Inc 5.125% 12/15/2059 2,278 1,937
50 CMS Energy Corp 5.625% 03/15/2078 1,334 1,098
98 Corebridge Financial Inc 6.375% 12/15/2064 2,505 2,289
89 DTE Energy Co. 4.375% 10/15/2080 1,981 1,517
69 DTE Energy Co. 4.375% 12/01/2081 1,640 1,187
50 DTE Energy Co. 6.25% 10/01/2085 1,260 1,245
43 DTE Energy Co. 5.25% 12/01/2077 1,171 909
66 Duke Energy Corp 5.625% 09/15/2078 1,695 1,624
134 Entergy Arkansas LLC 4.875% 09/01/2066 3,519 2,774
74 Entergy Louisiana LLC 4.875% 09/01/2066 1,936 1,513
86 Georgia Power Co 5% 12/01/2077 2,255 1,926
54 Globe Life Inc 4.25% 06/15/2061 1,070 905
70 NextEra Energy Capital Holdings Inc 5.65% 03/01/2079 1,906 1,667
81 NextEra Energy Capital Holdings Inc 6.50% 06/01/2085 2,017 2,040
68 Prudential Financial Inc 4.125% 09/01/2060 1,596 1,181
100 Prudential Financial Inc 5.95% 09/01/2062 2,484 2,470
83 Prudential Financial Inc 5.625% 08/15/2058 2,127 1,977
42 Reinsurance Group of America Inc 7.125% 10/15/52 1,064 1,068
38 Stifel Financial Corp 5.2% 10/15/2047 962 781
59 The Southern Co. 5.25% 12/01/2077 1,515 1,275
119 The Southern Co. 4.20% 10/15/2060 2,255 2,111
48 The Southern Co. 6.50% 3/15/2085 1,224 1,219
124 Transcanada Pipeline 6.25% 11/1/2085 3,023 3,043
65 W R Berkley Corp 5.10% 12/30/2059 1,267 1,266
76 W R Berkley Corp 4.125% 3/30/2061 1,232 1,240
85 Xcel Energy Inc 6.25% 10/15/2085 2,123 2,122

TY 2025 InvestmentsCorpStockSchedule
Name:
Catalyst Foundation
EIN:
76-0383386
Name of Stock End of Year Book Value End of Year Fair Market Value
25 3M Co. 3,208 4,012
14 Abbott Laboratories 1,454 1,691
49 AbbVie Inc Com 7,387 11,226
14 Advanced Micro Devices 3,526 3,019
76 Air Products and Chemicals Inc 18,909 18,761
20 Alibaba Group Holding Ltd. ADR 2,168 2,999
117 Allstate Corp 4.75% Ser I 2,969 2,267
238 Allstate Corp 5.100% Ser H 5,988 4,984
4 Alnylam Pharmaceuticals Inc 1,449 1,550
280 Alphabet Inc Cl A 26,766 87,641
62 Alphabet Inc Cl C 12,356 19,389
186 Amazon.com Inc 23,540 42,933
126 American International Group Inc 7,390 10,779
106 American Tower Corp 16,516 18,610
43 Amphenol Corp Cl A 4,699 5,824
156 Apollo Global Management Inc Cl A 7,132 22,583
278 Apple Inc 32,808 75,577
5 Applovin Corp 2,077 3,620
352 Arch Capital Group Ltd. 4.550% Ser G 6,982 5,878
131 Arch Capital Group Ltd. 5.45% Ser F 3,362 2,655
46 Arista Networks Inc 5,363 5,985
16 ASML Holding N.V. 11,232 17,393
190 AstraZeneca PLC ADR 13,349 17,467
365 AT&T Inc 4.750% Ser C Pfd 7,698 6,942
101 AT&T Inc 5.00% Ser A Pfd 2,318 2,034
68 Automatic Data Processing Inc 12,422 17,416
0 Autozone Inc 662 756
65 AvalonBay Communities Inc 10,985 11,793
534 Bank of America Corp 19,452 29,370
355 Bank of America Corp 4.250% Dp 6,907 6,262
282 Bank of America Corp 4.375% Ser NN 5,980 5,115
284 Bank of America Corp 5.00% Ser LL 6,404 5,896
184 Bank of America Corp 5.375% Ser KK 4,737 4,046
194 Bank of New York Mellon Corp 6.15% Ser K 4,930 4,976
108 Becton Dickinson and Co 22,036 20,960
34 Berkshire Hathaway Inc Cl-B 2,269 17,336
90 BJ's Wholesale Club Holdings Inc 8,302 8,128
7 Blackrock Inc 5,614 7,088
3107 Blackstone Private Credit Fund 78,963 77,282
8284 Blue Owl Credit Inc 78,847 77,543
43 Boeing Co 8,280 9,358
1 Booking Holdings Inc 2,701 3,320
42 Boston Scientific Corp 4,182 4,003
207 Broadcom Inc 15,419 71,643
96 Capital One Financial Corp 9,729 23,215
205 Capital One Financial Corp 4.80% Ser J Pfd 4,448 3,708
185 Capital One Financial Corp 5% Ser I Pfd 4,568 3,517
7 Carvana Co Cl A 2,157 2,780
5 Celestica Inc 1,105 1,524
110 Charles Schwab Corp 8,198 10,990
10 Charter Communications Inc 2,838 2,030
32 Chevron Corp 4,803 4,857
8 Ciena Corp 1,592 1,859
174 Cisco Systems, Inc 10,843 13,403
144 Citigroup Inc 8,645 16,803
180 Citizens Financial Group Inc 5.00% Ser-E 4,478 3,442
83 Citizens Financial Group Inc 6.5% Ser-I 2,077 2,107
92 Citizens Financial Group Inc 7.375% Ser-H 2,314 2,424
14 Cloudflare Inc Cl A 2,655 2,800
17 CME Group Inc 2,419 4,766
55 CMS Energy Corp 4.20% Ser-C 1,351 960
487 Coca Cola Co 28,944 34,046
605 Comcast Corp Class A 19,280 18,083
68 Conocophillips 7,695 6,367
96 Corteva Inc 5,141 6,455
4 Crowdstrike Holdings Inc Cl A 1,935 1,939
164 CVS Health Corp Com 9,840 13,015
10 D.R. Horton Inc 1,431 1,412
2 Deere and Co 1,063 1,152
57 Diageo PLC ADR 8,205 4,893
65 Digital Realty Trust Inc 5.20% Ser L 1,580 1,331
97 Digital Realty Trust Inc 5.850% Ser K 2,581 2,315
6 Doordash Inc Cl A 628 1,276
64 DTE Energy Company 6,766 8,248
97 Duke Energy Corp 5.75% Ser A 2,660 2,422
46 Eaton Corp PLC 8,025 14,540
31 Ecolab Inc 5,130 8,093
25 Eli Lilly and Co 21,100 26,542
67 Emerson Electric Co 6,371 8,859
315 Enbridge Inc 10,901 15,066
101 Entergy Corp 7,836 9,335
141 EQT Corporation 4,089 7,576
96 Equitable Holdings Inc 4.30% Ser-C 2,359 1,562
81 Equitable Holdings Inc 5.25% DPRP 1,636 1,631
443 Exxon Mobil Corp 37,827 53,311
29 Fedex Corp 7,503 8,314
16 Ferguson Enterprises Inc 3,849 3,664
222 Fifth Third Bancorp 4.95% Ser-K 5,658 4,293
51 First Horizon Corp 4.70% Ser-F 1,254 897
359 Freeport-Mcmoran Cl-B 13,251 18,234
14 GE Aerospace 3,850 4,406
8 GE Vernova Inc 4,734 4,908
120 General Motors Co 4,499 9,758
21 Gilead Sciences Inc 2,254 2,519
19296 Goldman Sachs GQG Intl Opp Fund 420,492 433,571
16 Goldman Sachs Group Inc 7,524 13,626
1490 Haleon PLC ADR 13,550 15,064
38 Hilton Worldwide Holdings Inc 8,209 10,948
33 Hims & Hers Health Inc 1,866 1,083
32 Home Depot Inc 6,141 10,865
40 Honeywell International Inc 2,027 7,827
213 Huntington Bancshar 4.5% Ser-H 4,506 3,640
163 Huntington Bancshares Inc 3,982 4,139
839 Industria De Diseno Textil Index 10,611 13,879
73 Ingersoll Rand Inc 6,863 5,817
30 Insmed Inc 3,163 5,166
49 Intercontinental Exchange Inc 5,711 7,980
16 International Business Machines Corp 3,701 4,814
99 International Paper Co 4,989 3,895
4 Intuit Inc 2,677 2,836
2 Intuitive Surgical Inc 860 856
142 Johnson & Johnson 15,054 29,387
65 Johnson Controls International PLC 4,484 7,774
126 JPMorgan Chase & Co. 5,227 40,600
201 JPMorgan Chase & Co. 4.20% Ser MM 3,878 3,672
172 JPMorgan Chase & Co. 4.55% Ser-JJ 3,504 3,337
183 JPMorgan Chase & Co. 4.625% Ser-LL 3,973 3,594
71 JPMorgan Chase & Co. 5.75% Ser-DD 1,812 1,769
96 JPMorgan Chase & Co. DP Rep P 2,355 1,938
117 Keycorp 5.625% Ser-G 2,950 2,487
106 Keycorp 5.65% Ser-F 2,413 2,249
183 Keycorp 6.125% Ser-E 5,539 4,535
108 Keycorp 6.2% DP Sh Pfd H 2,631 2,741
241 Kinder Morgan Inc 2,773 6,625
52 L3Harris Technologies Inc 12,326 15,195
49 Linde PLC 11,724 20,996
28284 Lord Abbett Bond Debenture Fund 199,226 204,780
33142 Lord Abbett High Yield Fund 247,164 212,437
51 M & T Bank Corp 6.35% Ser-K 1,269 1,309
95 M & T Bank Corp 7.5% Pfd Ser-J 2,396 2,522
66 M & T Bank Corp Fix To Float Pfd H 1,776 1,626
90 Marsh & Mclennan Companies Inc 18,165 16,637
19 Mastercard Inc Cl A 8,913 10,804
120 McCormick And Co Non Voting 9,580 8,173
6 McDonalds Corp 1,351 1,683
15 McKesson Corp 9,190 12,386
1 Mercadolibre Inc 1,379 1,730
75 Meta Platforms Inc Cl A 29,172 49,680
187 Metlife Inc 10,996 14,762
223 Metlife Inc 4.75% Ser F Pfd 5,528 4,400
277 Microsoft Corp 52,459 133,963
258 Morgan Stanley 4.250% Dp Pfd 5,178 4,551
118 Morgan Stanley 4.875% Ser-L 2,879 2,412
178 Morgan Stanley 5.85% Ser-K 5,062 4,365
45 Morgan Stanley 6.5% Dp Sh Pfd 1,180 1,146
47 Morgan Stanley 6.625% Ser-Q 1,217 1,228
122 Morgan Stanley 6.875% Ser-F 3,506 3,063
191 Morgan Stanley 7.125% Ser-E 5,554 4,823
16 Natera Inc Com 2,816 3,656
225 Nestle S.A. ADR 22,940 22,362
214 Netflix Inc 11,034 20,065
92 NextEra Energy Inc 5,415 7,390
80 Northern Trust Corp 4.70% Ser-E 2,010 1,554
30 Northrop Grumman Corp(Holdings Co) 11,173 17,324
76 Novo Nordisk A/S ADR 4,290 3,872
25 NRG Energy Inc 1,996 3,938
531 Nvidia Corporation 61,529 99,032
3339 Oaktree Strategic Credit Fund 78,609 76,631
52 Old Dominion Freight Line 8,007 8,081
52 Oracle Corp 2,337 10,228
29 Palantir Technologies Inc 4,507 5,160
45 Palo Alto Networks Inc 7,385 8,206
465 PG&E Corp 7,534 7,473
79 Philip Morris International Inc 9,559 12,705
54 PNC Financial Services Group Inc 8,276 11,271
183 PPL Corporation 5,619 6,409
19136 Principal Capital Securities Fund 176,839 185,620
142 Procter & Gamble 14,485 20,350
60 Prologis Inc 6,443 7,631
53 Public Storage 14,599 13,666
172 Public Storage 3.9% Ser-O 3,068 2,564
130 Public Storage 4.00% Ser-P 2,079 2,068
168 Public Storage 4.625%-L 3,524 3,108
126 Public Storage 4.875% Ser-I 3,173 2,433
72 Public Storage 5.15% Ser-F 1,928 1,487
41 Public Storage 5.60% Ser-H 1,149 937
61 Pulte Group Inc 6,873 7,123
33 Qualcomm Inc 6,840 5,718
5 Quanta Services Inc 1,224 1,944
9 Regeneron Pharmaceuticals Inc 7,912 6,733
117 Regions Financial Corp 4.45% Ser-E 2,470 2,018
104 Regions Financial Corp 5.70% Ser-C 2,813 2,443
129 Regions Finl Corp 6.95% Ser-F 3,235 3,278
78 Renaissancere Holdings Ltd. 4.2% Ser-G 1,734 1,231
44 Renaissancere Holdings Ltd. 5.75% Pfd 1,204 971
32 Robinhood Markets Inc 2,757 3,656
21 Roblox Corp 2,565 1,683
187 Roche Holdings ADR 9,574 9,644
131 RTX Corporation 3,860 24,026
119 Sanofi ADR 6,210 5,767
104 Schwab Charles Corp 4.450% Ser-J 2,612 1,949
14 Sea Limited ADR 2,341 1,781
25 Seagate Technology Holdings PLC 2,181 6,867
155 Sempra Energy 10,228 13,685
10 ServiceNow Inc 1,521 1,562
17 Sherwin Williams Company 4,630 5,609
26 Shopify Inc 2,443 4,254
4 Snowflake Inc 785 950
100 Sofi Technologies Inc 2,322 2,607
16 Solstice Advanced Materials Inc 232 777
267 Southwest Airlines 7,281 11,035
43 Spire Inc 5.90% Ser-A 1,175 1,031
146 State Street Corp 5.350% Ser-G 4,083 3,278
47 Stifel Financial Corp 4.50% Dep Pfd D 834 804
42 Stifel Financial Corp 6.125% Ser-C 1,079 977
24 Stryker Corp 5,798 8,455
11 Taiwan Semiconductor Manufacturing Co. Ltd. ADR 1,933 3,267
51 TE Connectivity PLC 7,301 11,603
53 Tesla Inc 16,122 23,856
118 Texas Instruments Inc 18,897 20,472
69 The Hartord Insurance Group 6% Ser-G 1,835 1,727
100 The TJX Companies Inc 2,665 15,297
39 Thermo Fisher Scientific Inc 21,221 22,688
126 T-Mobile US Inc 18,536 25,583
2 Trane Technologies PLC 695 795
90 Travelers Companies Inc 4,516 26,152
326 Truist Financial Corp 4.75% Ser-R 6,743 6,259
154 Truist Financial Corp 5.25% Ser-O 3,778 3,319
41 U.S Bancorp 6.1695% Ser-B Pfd 906 732
155 U.S. Bancorp 3.75% Ser-L 3,725 2,376
287 U.S. Bancorp 4.00% Ser-M 5,493 4,690
117 U.S. Bancorp 5.5% Ser-K 2,815 2,633
10 Uber Technologies Inc 739 850
47 UMB Financial Corp 7.75% Ser-B 1,219 1,269
256 Unilever PLC ADR 15,664 16,742
93 Union Pacific Corp 18,237 21,422
7 United Rentals Inc 4,379 5,354
34 Unitedhealth Group Inc 9,020 11,256
32 Valero Energy Corp 4,861 5,227
86 Visa Inc Cl A 3,811 30,181
6 Vistra Corp 1,232 1,000
104 Voya Financial Inc 5.35% Ser-B 2,868 2,572
81 Vulcan Materials Co 11,416 23,105
313 Walmart Inc 5,644 34,871
123 Walt Disney Co 11,260 13,994
105 Waste Management Inc 6,816 23,070
41 Webster Financial Corp 5.25% Dep Ser-F 1,040 782
15 WEC Energy Group Inc 1,622 1,570
73 Wells Fargo & Co 5.625% Ser-Y 1,933 1,773
113 Wells Fargo & Co 4.25% Ser-DD 2,083 2,008
179 Wells Fargo & Co 4.375% Ser-CC 3,433 3,244
228 Wells Fargo & Co 4.70% Dep Pfd Ser-C 4,574 4,412
300 Wells Fargo & Co 4.75% Ser-Z 6,016 5,847
56333 Western Asset Corporate Bond Fund 605,493 607,266
10 Western Digital Corporation 1,644 1,650
420 Williams Co Inc 11,606 25,246

TY 2025 OtherExpensesSchedule
Name:
Catalyst Foundation
EIN:
76-0383386
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Information technology 738 0   738
Office expense 3,571 0   3,571


TY 2025 OtherProfessionalFeesSchedule
Name:
Catalyst Foundation
EIN:
76-0383386
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment management fees 43,015 43,015   0
Other professional fees 6,000 6,000   0


TY 2025 TaxesSchedule
Name:
Catalyst Foundation
EIN:
76-0383386
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign tax 704 704   0
Excise tax 4,510 0   0