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 05 - 01 2025, and ending 04 - 30, 20 26
Name of foundation
SHOLLEY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 1532 AFT
  Room/suite
City or town
PENNINGTON
State or province
NJ
Country  
ZIP or foreign postal code
08534
A Employer identification number

04-6014010
B Telephone number (see instructions)

8888663275
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)$4,743,394J 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      
4 Dividends and interest from securities... 86,169 84,628  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 182,484
b Gross sales price for all assets on line 6a 255,876
7 Capital gain net income (from Part IV, line 2)... 182,484
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,957    
12 Total. Add lines 1 through 11........ 270,610 267,112  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 6,700     6,700
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,250 0 0 1,250
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
33,210 19,926   13,284
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
134 134   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
404     404
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 41,698 20,060 0 21,638
25 Contributions, gifts, grants paid....... 190,500 190,500
26 Total expenses and disbursements. Add lines 24 and 25 ................ 232,198 20,060 0 212,138
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 38,412
b Net investment income (if negative, enter -0-) 247,052
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 422 443 443
2 Savings and temporary cash investments......... 217,269 187,827 187,827
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts 0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 923,578 Click to see attachment
List of Attached Documents:
// Content
985,114 		3,980,713
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).......... 533,181 Click to see attachment
List of Attached Documents:
// Content
545,947 		574,411
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) 1,674,450 1,719,331 4,743,394
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,674,450 1,719,331
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,674,450 1,719,331
30 Total liabilities and net assets/fund balances (see instructions). 1,674,450 1,719,331
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,674,450
2
Enter amount from Part I, line 27a .....................
2
38,412
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
7,500
4
Add lines 1, 2, and 3 ..........................
4
1,720,362
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
1,031
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
1,719,331
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 610. NVIDIA CORP 00   2016-08-09 2025-07-10
b 51.385 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2023-10-31 2025-10-30
c 13167.26 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2023-06-13 2025-10-30
d 28.185 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2023-06-30 2025-10-30
e 42.384 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2023-07-31 2025-10-30
49.925 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2023-08-31 2025-10-30
53.12 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2023-11-30 2025-10-30
55.923 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2023-12-29 2025-10-30
55.693 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2024-01-31 2025-10-30
54.982 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2024-02-29 2025-10-30
56.598 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2024-03-28 2025-10-30
59.89 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2024-04-30 2025-10-30
63.144 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2024-05-31 2025-10-30
57.354 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2024-06-28 2025-10-30
61.198 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2024-07-31 2025-10-30
65.107 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2024-08-30 2025-10-30
56.347 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2024-09-30 2025-10-30
60.028 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2024-10-31 2025-10-30
68.326 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2024-11-29 2025-10-30
60.01 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2024-12-31 2025-10-30
59.778 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2025-01-31 2025-10-30
55.318 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2025-02-28 2025-10-30
49.989 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2023-09-29 2025-10-30
55.524 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2025-09-30 2025-10-30
59.666 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2025-08-29 2025-10-30
58.434 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2025-07-31 2025-10-30
55.931 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2025-06-30 2025-10-30
53.83 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2025-03-31 2025-10-30
57.657 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2025-04-30 2025-10-30
59.872 JANUS HNDRSN SHORT DURTN FLEXIBLE BOND FD CL I   2025-05-30 2025-10-30
.25 SOLSTICE ADVANCED MATERIALS INC REGISTER   2019-12-06 2025-11-04
1500. BLUE OWL CAP INC   2024-01-12 2026-03-12
533. BLUE OWL CAP INC   2024-04-01 2026-03-12
440. NVIDIA CORP 00   2016-08-09 2026-04-23
40. ORGANON AND CO REG SHS   1994-07-15 2026-04-23
40. ORGANON AND CO REG SHS   1994-05-26 2026-04-23
20. ORGANON AND CO REG SHS   1993-01-19 2026-04-23
30. ORGANON AND CO REG SHS   2011-06-23 2026-04-23
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 99,913   898 99,015
b 149   143 6
c 38,185   37,000 1,185
d 82   79 3
e 123   119 4
145   140 5
154   150 4
162   160 2
162   160 2
159   157 2
164   162 2
174   169 5
183   180 3
166   163 3
177   176 1
189   188 1
163   164 -1
174   173 1
198   197 1
174   172 2
173   172 1
160   160  
145   140 5
161   161  
173   173  
169   168 1
162   162  
156   156  
167   167  
174   172 2
11   10 1
13,159   19,901 -6,742
4,676   9,235 -4,559
89,274   648 88,626
355   266 89
355   274 81
177   184 -7
266   493 -227
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
      4,967
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       99,015
b       6
c       1,185
d       3
e       4
      5
      4
      2
      2
      2
      2
      5
      3
      3
      1
      1
      -1
      1
      1
      2
      1
       
      5
       
       
      1
       
       
       
      2
      1
      -6,742
      -4,559
      88,626
      89
      81
      -7
      -227
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 182,484
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 3,434
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 3,434
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 3,434
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 2,680
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,680
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....... 9 754
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 tax0 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
MA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website address  
14
The books are in care ofBANK OF AMERICA NA Telephone no. (888) 866-3275

Located atPO BOX 1532 AFTPENNINGTONNJ ZIP+408534
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
JOAN MOYNAGH SHOLLEY SECRETARY/TRUSTEE
2 		6,700    
26 JOHN STREET
PROVIDENCE,RI02906
J ADAM SHOLLEY PRESIDENT/TRUSTEE
1 		0    
26 JOHN STREET
PROVIDENCE,RI02906
LUCINDA SHOLLEY TRUSTEE
1 		0    
41 HIGHLAND STREET
DEDHAM,MA02026
PETER SHOLLEY TRUSTEE
1 		0    
215 LONG POND ROAD
GREAT BARRINGTON,MA01230
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.........................  
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
4,596,204
b
Average of monthly cash balances.......................
1b
200,843
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
4,797,047
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
4,797,047
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
71,956
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,725,091
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
236,255
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
236,255
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
3,434
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,434
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
232,821
4
Recoveries of amounts treated as qualifying distributions................
4
7,500
5
Add lines 3 and 4............................
5
240,321
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
240,321
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
212,138
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
212,138
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 7 240,321
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 188,994
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 0
b From 2021...... 0
c From 2022...... 0
d From 2023...... 0
e From 2024...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 212,138
a Applied to 2024, but not more than line 2a 188,994
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..... 23,144
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 .......... 		217,177
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 0
c Excess from 2023 .... 0
d Excess from 2024 .... 0
e Excess from 2025 .... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or 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

BOWDOIN COLLEGE

4100 COLLEGE STATION
BRUNSWICK,ME04011 		N/A   UNRESTRICTED GENERAL 7,000

CIRCUIT ARTS INC

PO BOX 3000 PMB 3175
WEST TISBURY,MA02575 		N/A   UNRESTRICTED GENERAL 1,000

DANA HALL SCHOOL

PO BOX 9010
WELLESLEY,MA02482 		N/A   UNRESTRICTED GENERAL 2,000

MILTON ACADEMY

170 CENTRE STREET
MILTON,MA02186 		N/A   UNRESTRICTED GENERAL 1,000

SCHOOL OF THE MUSEUM OF FINE ARTS AT TUFTS UN

230 THE FENWAY
BOSTON,MA02115 		N/A   UNRESTRICTED GENERAL 2,500

BANCROFT SCHOOL

110 SHORE DRIVE
WORCESTER,MA01605 		N/A   UNRESTRICTED GENERAL 2,500

NOBLE AND GREENOUGH SCHOOL

10 CAMPUS DRIVE
DEDHAM,MA02026 		N/A   UNRESTRICTED GENERAL 1,500

WEST FALMOUTH LIBRARY INC

575 WEST FALMOUTH HIGHWAY
WEST FALMOUTH,MA02574 		N/A   UNRESTRICTED GENERAL 10,000

BRIGHAM & WOMENS HOSPITAL INC

75 FRANCIS STREET
BOSTON,MA02115 		N/A   UNRESTRICTED GENERAL 30,000

BERKSHIRE NATURAL RESOURCES COUNCIL

309 PITTSFIELD ROAD STE B
LENNOX,MA01240 		N/A   UNRESTRICTED GENERAL 500

BERKSHIRE WALDORF SCHOOL INC

35 W PLAIN ROAD
GREAT BARRINGTON,MA01230 		N/A   UNRESTRICTED GENERAL 1,000

COLLEGE LIGHT OPERA COMPANY INC

PO BOX 906
FALMOUTH,MA02541 		N/A   UNRESTRICTED GENERAL 1,000

CHAPOQUOIT YACHT CLUB

PO BOX 453
WEST FALMOUTH,MA02574 		N/A   UNRESTRICTED GENERAL 5,000

FALMOUTH ACADEMY INC

7 HIGHFIELD DRIVE
FALMOUTH,MA02540 		N/A   UNRESTRICTED GENERAL 7,500

SHAKESPEARE & COMPANY INC

70 KEMBLE STREET
LENOX,MA01240 		N/A   UNRESTRICTED GENERAL 1,000

ASHMONT HILL CHAMBER MUSIC INC

101 MELVILLE AVENUE
DORCHESTER CENTER,MA02124 		N/A   UNRESTRICTED GENERAL 4,000

COMMONWEALTH SHAKESPEARE COMPANY INC

101 ARCH STREET
BOSTON,MA02110 		N/A   UNRESTRICTED GENERAL 20,000

BUZZARDS BAY COALITION INC

114 FRONT STREET
NEW BEDFORD,MA02740 		N/A   UNRESTRICTED GENERAL 1,500

COURAGEOUS SAILING CENTER FOR YOUTH INC

197 8TH STREET
CHARLESTOWN,MA02129 		N/A   UNRESTRICTED GENERAL 2,500

COOLIDGE CORNER THEATRE FDN INC

290 HARVARD STREET
BROOKLINE,MA02446 		N/A   UNRESTRICTED GENERAL 12,500

THEATER OFFENSIVE INC

565 BOYLSTON STREET
BOSTON,MA02116 		N/A   UNRESTRICTED GENERAL 6,000

GUTHRIE CENTER CORP

4 VAN DEUSENVILLE ROAD
GREAT BARRINGTON,MA01230 		N/A   UNRESTRICTED GENERAL 500

COMMUNITY ACCESS TO THE ARTS INC

420 STOCKBRIDGE ROAD STE 2
GREAT BARRINGTON,MA01230 		N/A   UNRESTRICTED GENERAL 1,000

HIGHFIELD HALL & GARDENS

56 HIGHFIELD DRIVE
FALMOUTH,MA02541 		N/A   UNRESTRICTED GENERAL 2,500

PEOPLE FOR CATS

PO BOX 422
WEST FALMOUTH,MA02574 		N/A   UNRESTRICTED GENERAL 1,000

SALT POND AREA BIRD SANCTUARIES INC

PO BOX 535
WEST FALMOUTH,MA02574 		N/A   UNRESTRICTED GENERAL 1,000

GRACE CHURCH PROVIDENCE

300 WESTMINSTER STREET
PROVIDENCE,RI02903 		N/A   UNRESTRICTED GENERAL 500

PROVIDENCE CHILDREN'S MUSEUM

100 SOUTH STREET
PROVIDENCE,RI02903 		N/A   UNRESTRICTED GENERAL 1,000

FRENCH-AMERICAN SCHOOL OF RI

75 JOHN STREET
PROVIDENCE,RI02906 		N/A   UNRESTRICTED GENERAL 2,500

ROGER WILLIAMS ZOOLOGICAL SOCIETY

1000 ELMWOOD AVENUE
PROVIDENCE,RI02907 		N/A   UNRESTRICTED GENERAL 1,000

PLANNED PARENTHOOD OF SOUTHERN NEW ENGLAND

345 WHITNEY AVENUE
NEW HAVEN,CT06511 		N/A   UNRESTRICTED GENERAL 2,500

RUNWAY FOR RECOVERY INC

29 WATER STREET STE 216
NEWBURYPORT,MA01950 		N/A   UNRESTRICTED GENERAL 2,500

ENTERTAINMENT COMMUNITY FUND

729 SEVENTH AVENUE
NEW YORK,NY10019 		N/A   UNRESTRICTED GENERAL 1,000

PET RESCUE INC

7 HARRISON AVENUE
HARRISON,NY10528 		N/A   UNRESTRICTED GENERAL 1,000

VASSAR COLLEGE

124 RAYMOND AVENUE BOX 725
POUGHKEEPSIE,NY12604 		N/A   UNRESTRICTED GENERAL 2,500

PRO PUBLICA INC

155 AVENUE OF THE AMERICAS 13TH FL
NEW YORK,NY10013 		N/A   UNRESTRICTED GENERAL 2,500

BERKSHIRE GROWN INC

321 MAIN ST STE 209
GREAT BARRINGTON,MA01230 		N/A   UNRESTRICTED GENERAL 500

THE GAMM THEATRE

1245 JEFFERSON BLVD
WARWICK,RI02886 		N/A   UNRESTRICTED GENERAL 1,000

RHODE ISLAND PBS FOUNDATION

50 PARK LANE
PROVIDENCE,RI02907 		N/A   UNRESTRICTED GENERAL 2,500

SAN MIGUEL SCHOOL

525 BRANCH AVENUE
PROVIDENCE,RI02904 		N/A   UNRESTRICTED GENERAL 12,500

FRIENDS OF WLRN

172 NE 15TH STREET
MIAMI,FL33132 		N/A   UNRESTRICTED GENERAL 5,000

OUR SISTER'S SCHOOL

145 BROWNELL AVENUE
NEW BEDFORD,MA02740 		N/A   UNRESTRICTED GENERAL 1,000

BRIDGE

17 MAIN STREET STE 2
LEE,MA01238 		N/A   UNRESTRICTED GENERAL 1,000

SEEDS 4 SUCCESS

921B CHESAPEAKE AVE
ANNAPOLIS,MD21403 		N/A   UNRESTRICTED GENERAL 500

CAPE ELEUTHERA FOUNDATION

1900 MARKET STREET 8TH FL
PHILADELPHIA,PA19103 		N/A   UNRESTRICTED GENERAL 1,000

WILBURY THEATRE GROUP

475 VALLEY STREET
PROVIDENCE,RI02908 		N/A   UNRESTRICTED GENERAL 2,000

BERKSHIRE OPERA FESTIVAL

54 WENDELL AVENUE
PITTSFIELD,MA01201 		N/A   UNRESTRICTED GENERAL 1,000

HEALING MEALS COMMUNITY PROJECT

PO BOX 7223
BLOOMFIELD,CT06002 		N/A   UNRESTRICTED GENERAL 500

DUKE UNIVERSITY

324 BLACKWELL STREET
DURHAM,NC27708 		N/A   UNRESTRICTED GENERAL 1,000

PLANNED PARENTHOOD OF SOUTHWEST AND
CENTRAL FLORIDA
736 CENTRAL AVENUE
SARASOTA,FL34236 		N/A   UNRESTRICTED GENERAL 2,500

FRIENDS OF THE MOUNTS BOTANICAL GARDEN INC

559 N MILITARY TRAIL
WEST PALM BEACH,FL33415 		N/A   UNRESTRICTED GENERAL 1,000

ELEPHANT SANCTUARY IN TENNESSEE

27 E MAIN STREET
HOHENWALD,TN38462 		N/A   UNRESTRICTED GENERAL 1,000

FRIENDS OF CULEBRA ANIMALS INC

PO BOX 527
CULEBRA,PR00775 		N/A   UNRESTRICTED GENERAL 2,500

NACA NATIONAL ANIMAL CARE & CONTROL

40960 CALIFORNIA OAKS ROAD
MURRIETA,CA92562 		N/A   UNRESTRICTED GENERAL 1,000

FOURWANDS WILDLIFE REHABILITATION

PO BOX 69
LANGDON,NH03602 		N/A   UNRESTRICTED GENERAL 2,500

SUITS FOR SENIORS INC

5762 OKEECHOBEE BLVD
WEST PALM BEACH,FL33417 		N/A   UNRESTRICTED GENERAL 2,000

BERKSHIRE IMMIGRANT CENTER INC

67 EAST STREET
PITTSFIELD,MA01201 		N/A   UNRESTRICTED GENERAL 1,000

VOLUNTEERS IN MEDICINE BERKSHIRES INC

777 MAIN STREET
GREAT BARRINGTON,MA01230 		N/A   UNRESTRICTED GENERAL 1,000

ACADEMY OF TELEVISION ARTS & SCIENCES

5220 LANKERSHIM BLVD
N HOLLYWOOD,CA91601 		N/A   UNRESTRICTED GENERAL 1,000

AFTER-SCHOOL ALL-STARS

6420 WILSHIRE BLVD STE 1250
LOS ANGELES,CA90048 		N/A   UNRESTRICTED GENERAL 2,500
Total ................................. 3a 190,500
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 86,169  
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 ............ 		    18 182,484  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aEXCISE TAX REFUND 		    1 1,957  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   270,610  
13Total. Add line 12, columns (b), (d), and (e)..................
13
270,610
(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:
SHOLLEY FOUNDATION
EIN:
04-6014010
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE 1,250     1,250

TY 2025 InvestmentsCorpStockSchedule
Name:
SHOLLEY FOUNDATION
EIN:
04-6014010
Name of Stock End of Year Book Value End of Year Fair Market Value
478160104 JOHNSON AND JOHNSON 3,325 157,676
58933Y105 MERCK AND CO INC SHS 24,633 141,934
79466L302 SALESFORCE INC 32,145 79,439
253868103 DIGITAL RLTY TR INC 83,818 140,457
742718109 PROCTER & GAMBLE CO 41,532 82,665
863667101 STRYKER CORP 9,258 126,052
053015103 AUTOMATIC DATA PROC 16,382 84,776
57636Q104 MASTERCARD INC 47,516 214,747
67066G104 NVIDIA 3,172 430,073
084670702 BERKSHIRE HATHAWAYIN 14,544 142,080
857477103 STATE STREET CORP 5,491 106,988
92343V104 VERIZON COMMUNICATNS 41,952 57,636
149123101 CATERPILLAR INC DEL 7,832 178,022
594918104 MICROSOFT CORP 35,595 317,253
00724F101 ADOBE INC SHS 30,555 73,830
037833100 APPLE INC 32,550 325,620
191216100 COCA COLA COM 682 78,760
194162103 COLGATE PALMOLIVE 3,117 42,680
548661107 LOWE'S COMPANIES INC 19,500 54,922
713448108 PEPSICO INC 15,703 72,430
30231G102 EXXON MOBIL CORP 2,861 123,464
461202103 INTUIT INC 24,428 41,958
81762P102 SERVICENOW INC 24,725 50,778
023135106 AMAZON COM INC COM 36,157 94,096
002824100 ABBOTT LABS 13,093 12,711
539830109 LOCKHEED MARTIN CORP 4,646 6,216
437076102 HOME DEPOT INC 17,122 20,057
438516106 HONEYWELL INTL INC D 7,400 9,645
03027X100 AMERICAN TOWER REIT 7,482 6,395
14448C104 CARRIER GLOBAL CORP 3,965 20,151
49271V100 KEURIG DR PEPPER INC 8,071 8,085
75513E101 RTX CORP CORP 57,058 176,070
931142103 WALMART INC 7,740 25,726
46625H100 JPMORGAN CHASE & CO 8,085 18,794
68902V107 OTIS WORLDWIDE CORP 5,945 11,682
68622V106 ORGANON AND CO REG S    
949746101 WELLS FARGO & CO 17,429 24,669
02079K305 ALPHABET INC SHS 9,924 24,627
03831W108 APPLOVIN CORP COM 9,920 64,274
09581B103 BLUE OWL CAP INC    
22160K105 COSTCO WHOLESALE CRP 9,375 13,189
22788C105 CROWDSTRIKE HLDGS IN 9,891 13,818
291011104 EMERSON ELEC CO 9,892 12,218
30303M102 META PLATFORMS INC C 9,806 12,238
459200101 INTL BUSINESS MACHIN 21,622 21,481
46120E602 INTUITIVE SURGICAL I 9,823 11,440
532457108 ELI LILLY & CO 32,367 44,861
595112103 MICRON TECHNOLOGY IN 9,830 40,856
743315103 PROGRESSIVE CRP OHIO 9,803 9,460
83444M101 SOLVENTUM CORP REG S 4,031 5,052
89055F103 TOPBUILD CORP SHS 9,694 9,739
G29183103 EATON CORP PLC 31,720 57,157
N3167Y103 FERRARI NV 9,919 7,988
756109104 REALTY INCM CRP MD P 11,863 13,490
099406100 BOOT BARN HOLDINGS I 11,863 11,659
770700102 ROBINHOOD MARKETS, I 12,020 8,893
83443Q103 SOLSTICE ADVANCED MA 453 901
579780206 MC CORMICK NON VTG 11,930 8,389
95040Q104 WELLTOWER INC 11,945 16,953
89832Q109 TRUIST FINL CORP 11,914 13,493

TY 2025 InvestmentsOtherSchedule2
Name:
SHOLLEY FOUNDATION
EIN:
04-6014010
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
921910501 VANGUARD INTERNATION AT COST 54,908 90,290
544004401 LORD ABBETT BOND DEB AT COST 60,236 52,883
471023242 JANUS HNDRSN SHORT D      
47103U886 JANUS HENDERSON SHOR AT COST 36,428 37,882
56064B738 NYLI MACKAY SHORT D AT COST 44,231 44,768
47103U845 JANUS HENDERSON AAA AT COST 350,144 348,588

TY 2025 OtherDecreasesSchedule
Name:
SHOLLEY FOUNDATION
EIN:
04-6014010
Description Amount
TIMING DIFFERENCE 1,031


TY 2025 OtherExpensesSchedule
Name:
SHOLLEY FOUNDATION
EIN:
04-6014010
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AG FILING FEE 35 0   35
OTHER CHARITABLE EXPENSES 369 0   369


TY 2025 OtherIncomeSchedule2
Name:
SHOLLEY FOUNDATION
EIN:
04-6014010
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
EXCISE TAX REFUND 1,957 0  


TY 2025 OtherIncreasesSchedule
Name:
SHOLLEY FOUNDATION
EIN:
04-6014010
Description Amount
GRANT RECOVERIES 7,500


TY 2025 OtherProfessionalFeesSchedule
Name:
SHOLLEY FOUNDATION
EIN:
04-6014010
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 33,210 19,926   13,284


TY 2025 TaxesSchedule
Name:
SHOLLEY FOUNDATION
EIN:
04-6014010
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 20 20   0
FOREIGN TAXES ON QUALIFIED FOR 96 96   0
FOREIGN TAXES ON NONQUALIFIED 18 18   0