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
DUN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 346
  Room/suite
City or town
MIDDLEBURG
State or province
VA
Country  
ZIP or foreign postal code
20118
A Employer identification number

20-4463281
B Telephone number (see instructions)

5406876057
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)$6,588,889J 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 8 8  
4 Dividends and interest from securities... 99,949 99,949  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 295,035
b Gross sales price for all assets on line 6a 722,282
7 Capital gain net income (from Part IV, line 2)... 295,035
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)....... Click to see attachment
List of Attached Documents:
// Content
20    
12 Total. Add lines 1 through 11........ 395,012 394,992  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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
15,910 2,342   13,568
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
83,225 83,225    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,487 647   3,840
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 12,000 3,960   8,040
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,552     11,552
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 127,174 90,174   37,000
25 Contributions, gifts, grants paid....... 470,000 470,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 597,174 90,174   507,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -202,162
b Net investment income (if negative, enter -0-) 304,818
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............. 77,583 115,592 115,592
2 Savings and temporary cash investments.........      
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,795,748 Click to see attachment
List of Attached Documents:
// Content
1,791,511 		6,403,159
c Investments—corporate bonds (attach schedule)....... 287,770 Click to see attachment
List of Attached Documents:
// Content
70,114 		69,612
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,108 Click to see attachment
List of Attached Documents:
// Content
526 		526
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,162,209 1,977,743 6,588,889
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 2,162,209 1,977,743
29 Total net assets or fund balances (see instructions)..... 2,162,209 1,977,743
30 Total liabilities and net assets/fund balances (see instructions). 2,162,209 1,977,743
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
2,162,209
2
Enter amount from Part I, line 27a .....................
2
-202,162
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
17,696
4
Add lines 1, 2, and 3 ..........................
4
1,977,743
5
Decreases not included in line 2 (itemize)
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
1,977,743
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c
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 74,420   83,098 -8,678
b 645,427   344,149 301,278
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       -8,678
b       301,278
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 2 295,035
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ......................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 4,237
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  
3 Add lines 1 and 2........................... 3 4,237
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,237
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 3,840
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,840
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 26
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 423
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax   Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (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)
VA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressN/A
14
The books are in care ofOFFICERS Telephone no. (540) 687-6057

Located at107 W FEDERAL ST UNIT 9MIDDLEBURGVA ZIP+420117
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
P DOUGLAS FOUT PRESIDENT/TR
1.00 		0 0 0
107 W FEDERAL ST UNIT 9
MIDDLEBURG,VA20117
NINA FOUT SECRETARY
1.00 		0 0 0
107 W FEDERAL ST UNIT 9
MIDDLEBURG,VA20117
VIRGINIA FOUT VICE PRESIDE
1.00 		0 0 0
107 W FEDERAL ST UNIT 9
MIDDLEBURG,VA20117
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...................  
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 arrow  
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 N/A  
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
6,204,487
b
Average of monthly cash balances.......................
1b
96,588
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
6,301,075
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
6,301,075
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
94,516
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,206,559
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
310,328
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
310,328
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
4,237
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,237
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
306,091
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
306,091
6
Deduction from distributable amount (see instructions) .................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
306,091
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
507,000
b
Program-related investments—total from Part VIII-B..................
1b
 
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
507,000
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 7 306,091
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 67,232
b From 2021...... 107,690
c From 2022...... 115,029
d From 2023...... 146,307
e From 2024...... 92,377
f Total of lines 3a through e ........ 528,635
4Qualifying distributions for 2025 from Part
XI, line 4: $ 507,000
a Applied to 2024, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		 
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		 
d Applied to 2025 distributable amount..... 306,091
e Remaining amount distributed out of corpus 200,909
5 Excess distributions carryover applied to 2025.    
(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 5 729,544
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
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) ....... 		 
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		67,232
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		662,312
10 Analysis of line 9:
a Excess from 2021 .... 107,690
b Excess from 2022 .... 115,029
c Excess from 2023 .... 146,307
d Excess from 2024 .... 92,377
e Excess from 2025 .... 200,909
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).)
NONE
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.
NONE
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:
P DOUGLAS FOUT
PO BOX 346
MIDDLEBURG,VA20118
(540) 687-6057
bThe form in which applications should be submitted and information and materials they should include:
NO GRANTS TO CHARITIES HAVE BEEN MADE; ONLY DIRECT CONTRIBUTIONS.
cAny submission deadlines:
NO GRANTS TO CHARITIES HAVE BEEN MADE; ONLY DIRECT CONTRIBUTIONS.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NO GRANTS TO CHARITIES HAVE BEEN MADE; ONLY DIRECT CONTRIBUTIONS.
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

A FARM LESS ORDINARY

17281 SIMMONS ROAD
PURCELLVILLE,VA20132 		NONE   PUBLIC CHARITY 250

ACADEMY MUSEUM OF MOTION PICTURES

MEMBERSHIP DEPT
6067 WILSHIRE BLVD
BEVERLY HILLS,CA90036 		NONE   PUBLIC CHARITY 1,000

AMERICAN FARMLAND TRUST

P O BOX 758603
TOPEKA,KS666759961 		NONE   PUBLIC CHARITY 5,000

AMERICAN HUMANE SOCIETY

ATTN EMERGENCY RELIEF F
12711 VENTURA BLVD STE 4
STUDIO CITY,CA91604 		NONE   PUBLIC CHARITY 1,000

AMERICAN POINTER RESCUE

3400 OLD LANTERN COURT
MIAMISBURG,OH45342 		NONE   PUBLIC CHARITY 470

ANGELS AMONG US

P O BOX 1063
QUENTIN,PA17083 		NONE   PUBLIC CHARITY 4,000

AQUARIUM OF THE PACIFIC

ATTN MEMBERSHIP OFFICE
P O BOX 21669
LONG BEACH,CA90813 		NONE   PUBLIC CHARITY 500

BARN CAT BUDS-ARLENE ATKINS

P O BOX 880
POLSON,MT59860 		NONE   PUBLIC CHARITY 1,000

BLUE RIBBON COALITION

P O BOX 5449
POCATELLO,ID83202 		NONE   PUBLIC CHARITY 1,000

BLUE RIDGE WILDLIFE CENTER

106 ISLAND FARM LANE
BOYCE,VA22620 		NONE   PUBLIC CHARITY 5,000

BUCHANAN HALL

P O BOX 450
UPPERVILLE,VA20185 		NONE   PUBLIC CHARITY 1,000

BUFFALO INTERNATIONAL HORSE SHOW

950 AMHERST STREET
BUFFALO,NY14216 		NONE   PUBLIC CHARITY 1,000

BUFFALO THERAPEUTIC RIDING CENTER

950 AMHERST STREET
BUFFALO,NY14216 		NONE   PUBLIC CHARITY 1,500

BULL RUN MOUNTAIN CONSERVANCY

P O BOX 210
BROAD RUN,VA20137 		NONE   PUBLIC CHARITY 10,331

CALIFORNIA WILDLIFE CENTER

P O BOX 2022
MALIBU,CA90265 		NONE   PUBLIC CHARITY 1,000

CAMPAIGN LEGAL CENTER

1101 14TH ST NW 400
WASHINGTON,DC20005 		NONE   PUBLIC CHARITY 5,000

CAMPBELL HALL EPISCOPAL

ADVANCEMENT OFFICE
4533 LAUREL CANYON BLVD
STUDIO CITY,CA91607 		NONE   PUBLIC CHARITY 1,505

CEDARS-SINAI

ADVANCEMENT
P O BOX 514479
LOS ANGELES,CA90051 		NONE   PUBLIC CHARITY 100

DEFENDERS OF WILDLIFE

P O BOX 1551
MERRIFIELD,VA221169881 		NONE   PUBLIC CHARITY 1,000

DOGGIE BONEZ INC

26382 VIA DE ANZA
SAN JUAN CAPISTRANO,CA92675 		NONE   PUBLIC CHARITY 25

DORSET EQUINE RESCUE

P O BOX 92
EAST DORSET,VT05253 		NONE   PUBLIC CHARITY 1,000

DUCKS UNLIMITED

RYAN MEREDITH
9601 BRIERY BRANCH ROAD
DAYTON,VA22821 		NONE   PUBLIC CHARITY 20,000

EAGLE RIVER COALITION

P O BOX 5740
EAGLE,CO81631 		NONE   PUBLIC CHARITY 2,500

EAGLE VALLEY LAND TRUST

P O BOX 3016
EDWARDS,CO81632 		NONE   PUBLIC CHARITY 6,000

EARTHJUSTICE

P O BOX 96346
WASHINGTON,DC200777953 		NONE   PUBLIC CHARITY 2,500

ELTON JOHN AIDS FOUNDATION

584 BROADWAY SUITE 1006
NEW YORK,NY10012 		NONE   PUBLIC CHARITY 13,000

ENVIRONMENTAL DEFENSE FUND

P O BOX 98051
WASHINGTON,DC20077 		NONE   PUBLIC CHARITY 2,500

EQUINE LAND CONSERVATION RESOURCE

4037 IRON WORKS PARKWAY
SUITE 120
LEXINGTON,KY40511 		NONE   PUBLIC CHARITY 1,000

EQUUS FOUNDATION

168 LONG LOTS ROAD
WESTPORT,CT06880 		NONE   PUBLIC CHARITY 4,000

FAUQUIER EDUCATION FARM

P O BOX 1143
WARRENTON,VA20188 		NONE   PUBLIC CHARITY 1,000

FAUQUIER TIMES

53 S THIRD STREET
SUITE 100
WARRENTON,VA20186 		NONE   PUBLIC CHARITY 250

FRIENDS OF THE EARTH

P O BOX 96466
WASHINGTON,DC20077 		NONE   PUBLIC CHARITY 500

GLENWOOD PARK TRUST

PO BOX 467
MIDDLEBURG,VA20118 		NONE   PUBLIC CHARITY 34,796

GOOSE CREEK ASSOCIATION

BOX 1178
MIDDLEBURG,VA20118 		NONE   PUBLIC CHARITY 2,000

HARTMAN'S HAVEN DOG RESCUE

P O BOX 742
CONOVER,NC28613 		NONE   PUBLIC CHARITY 1,500

HEAL THE BAY

1444 9TH STREET
SANTA MONICA,CA90401 		NONE   PUBLIC CHARITY 500

HOLLYWOOD SCHOOLHOUSE

1233 N MCCADDEN PLACE
HOLLYWOOD,CA90038 		NONE   PUBLIC CHARITY 500

ILLINOIS BIRD DOG RESCUE

P O BOX 364
WOOD DALE,IL60191 		NONE   PUBLIC CHARITY 2,750

INSTITUTE FOUNDATION

ATTN CODY ANDERSON
P O BOX 910
MIDDLEBURGH,NY12122 		NONE   PUBLIC CHARITY 10,000

JOURNEY THROUGH HALLOWED GROUND

P O BOX 1384
LEESBURG,VA20177 		NONE   PUBLIC CHARITY 500

LA ANIMAL SERVICES

221 NFIGEROA ST STE 60
MAIL STOP 105
LOS ANGELES,CA90012 		NONE   PUBLIC CHARITY 1,000

LACMA

5905 WILSHIRE BLVD
LOS ANGELES,CA90036 		NONE   PUBLIC CHARITY 2,500

LAND TRUST OF VIRGINIA

BOX 14
MIDDLEBURG,VA20118 		NONE   PUBLIC CHARITY 2,900

LEAGUE OF CONSERVATION VOTERS

P O BOX 96697
WASHINGTON,DC200777190 		NONE   PUBLIC CHARITY 5,000

LONG BRANCH HISTORICAL HOUSE AND FA

P O BOX 241
MILLWOOD,VA22646 		NONE   PUBLIC CHARITY 500

LOS ANGELES CONSERVANCY

523 WEST SIXTH STREET SU
LOS ANGELES,CA90014 		NONE   PUBLIC CHARITY 1,000

MERCY MEDICAL ANGELS

101 WEST MAIN STREET
SUITE 1000
NORFOLK,VA23510 		NONE   PUBLIC CHARITY 7,500

MID-ATLANTIC GSP RESCUE INC

6247 OLD WASHINGTON ROAD
SYKESVILLE,MD21784 		NONE   PUBLIC CHARITY 1,000

MIDDLEBURG CLASSIC

P O BOX 601
UPPERVILLE,VA20185 		NONE   PUBLIC CHARITY 30,000

MIDDLEBURG COMMUNITY CENTER

P O BOX 265
MIDDLEBURG,VA20118 		NONE   PUBLIC CHARITY 1,500

MIDDLEBURG HUMANE FOUNDATION

P O BOX 684
MARSHALL,VA20116 		NONE   PUBLIC CHARITY 500

MIDDLEBURG LIBRARY ADVISORY BOARD

P O BOX 1823
MIDDLEBURG,VA20118 		NONE   PUBLIC CHARITY 1,000

MIDDLEBURG SPRING RACE ASSOCIATION

BOX 1173
MIDDLEBURG,VA20118 		NONE   PUBLIC CHARITY 6,000

MORVEN PARK

P O BOX 6228
LEESBURG,VA20178 		NONE   PUBLIC CHARITY 2,500

NATIONAL AUDUBON SOCIETY

P O BOX 97188
WASHINGTON,DC200907188 		NONE   PUBLIC CHARITY 2,500

NATIONAL BEAGLE CLUB OF AMERICA

SANDY MCKENNA TREASURER
323 SOUTH FAIRFIELD ROAD
DEVON,PA19333 		NONE   PUBLIC CHARITY 10,000

NATIONAL PARK FOUNDATION

P O BOX 17394
BALTIMORE,MD21297 		NONE   PUBLIC CHARITY 2,800

NATIONAL PARKS CONSERVATION ASSOCIA

P O BOX 97202
WASHINGTON,DC200907202 		NONE   PUBLIC CHARITY 2,000

NATIONAL SHOW HUNTER HALL OF FAME

BOX 11633
LEXINGTON,KY40576 		NONE   PUBLIC CHARITY 750

NATIONAL STEEPLECHASE MUSEUM

P O BOX 2424
CAMDEN,SC290212424 		NONE   PUBLIC CHARITY 10,000

NATURAL RESOURCES DEFENSE COUNCIL

P O BOX 1830
MERRIFIELD,VA221168030 		NONE   PUBLIC CHARITY 2,500

NHMC

1201 W 5TH STREET
SUITE T-205
LOS ANGELES,CA90017 		NONE   PUBLIC CHARITY 5,000

NORTHWESTERN UNIVERSITY

ATTN GIFT AND RECORD SER
1201 DAVIS STREET
EVANSTON,IL60208 		NONE   PUBLIC CHARITY 500

NRDC ACTION FUND

P O BOX 1587
MERRIFIELD,VA221161587 		NONE   PUBLIC CHARITY 5,000

OCEAN CONSERVANCY

ATTN MEMBERSHIP DEPT
P O BOX 96003
WASHINGTON,DC200906003 		NONE   PUBLIC CHARITY 100

OLDFIELDS SCHOOL

1500 GLENCOE ROAD
GLENCOE,MD21152 		NONE   PUBLIC CHARITY 1,000

PASADENA HUMANE

361 S RAYMOND AVENUE
PASADENA,CA91105 		NONE   PUBLIC CHARITY 1,000

PAWS FOR LIFE

P O BOX 407
CHESAPEAKE CITY,MD21915 		NONE   PUBLIC CHARITY 500

PIEDMONT ENVIRONMENTAL COUNCIL

BOX 460
WARRENTON,VA20188 		NONE   PUBLIC CHARITY 17,500

PIPER'S DREAM RESCUE

P O BOX 463
VALLEY COTTAGE,NY10989 		NONE   PUBLIC CHARITY 500

QUAIL FOREVER

ATTN CHRIS CROY
246 ALAMOS AVENUE
LEXINGTON,NC27295 		NONE   PUBLIC CHARITY 10,000

ROAD TO THE TOP

11863 WIMBLEDON CIRCLE
WELLINGTON,FL33414 		NONE   PUBLIC CHARITY 2,500

ROCKY MOUNTAIN ELK FOUNDATION

C/O MICHELLE TUCKER
5705 GRANT CREEK ROAD
MISSOULA,MT59808 		NONE   PUBLIC CHARITY 20,000

SCOTTIES ROCK FOUNDATION

209 S JEFFERSON ST STE
WINCHESTER,TN373981739 		NONE   PUBLIC CHARITY 500

SIERRA CLUB FOUNDATION

C/O ENVIRONMENTAL LAW PRO
P O BOX 7063
MERRIFIELD,VA22116 		NONE   PUBLIC CHARITY 5,000

SMITHSONIAN CONSERVATION BIOLOGY IN

ATTN DR AMY JOHNSON
1500 REMOUNT ROAD MRC 55
FRONT ROYAL,VA22630 		NONE   PUBLIC CHARITY 2,500

SPORTS EXPLORER INC

P O BOX 35775
LOS ANGELES,CA90035 		NONE   PUBLIC CHARITY 500

T C WILLIAMS YOUTH SPORT CAMPS

13110 CREST HILL ROAD
FLINT HILL,VA22627 		NONE   PUBLIC CHARITY 5,000

TEMPLE GWATHMEY STEEPLECHASE FOUNDA

400 FAIR HILL DRIVE
ELKTON,MD21921 		NONE   PUBLIC CHARITY 8,000

THE COMMUNITY CAT ALLIANCE

P O BOX 2611
WINCHESTER,VA22604 		NONE   PUBLIC CHARITY 500

THE COMMUNITY MUSIC SCHOOL

P O BOX 442
UPPERVILLE,VA20185 		NONE   PUBLIC CHARITY 500

THE DEVON HORSE SHOW &COUNTRY FAIR

PO BOX 865
DEVON,PA19333 		NONE   PUBLIC CHARITY 500

THE HILL SCHOOL

P O BOX 65
MIDDLEBURG,VA20118 		NONE   PUBLIC CHARITY 11,000

THE NATIONAL SPORTING LIBRARY

102 THE PLAINS ROAD
PO BOX 1335
MIDDLEBURG,VA20118 		NONE   PUBLIC CHARITY 25,000

THE NATURE CONSERVANCY

MEMBERSHIP PROCESSING CEN
P O BOX 1556
MERRIFIELD,VA22116 		NONE   PUBLIC CHARITY 7,500

THE PLAINS COMMUNITY LEAGUE

P O BOX 432
THE PLAINS,VA20198 		NONE   PUBLIC CHARITY 500

THE PLAINS VOLUNTEER FIRE DEPARTMEN

P O BOX 93
THE PLAINS,VA20198 		NONE   PUBLIC CHARITY 500

THE TRUST FOR PUBLIC LAND

P O BOX 96315
WASHINGTON,DC200777110 		NONE   PUBLIC CHARITY 500

THOROUGHBRED TRANSITION PROJECT

P O BOX 462
THE PLAINS,VA20198 		NONE   PUBLIC CHARITY 1,873

TROUT UNLIMITED

P O BOX 98166 STE 100
WASHINGTON,DC20090 		NONE   PUBLIC CHARITY 4,000

UNIVERSITY OF SAN FRANCISCO

UNIVERSITY OF SAN FRANCIS
2130 FULTON STREET
SAN FRANCISCO,CA941171050 		NONE   PUBLIC CHARITY 750

UPPERVILLE COLT & HORSE SHOW

PO BOX 239
UPPERVILLE,VA20185 		NONE   PUBLIC CHARITY 10,600

USHJA

C/O JENNIFER GLASS
P O BOX 669
BOKEELIA,FL33922 		NONE   PUBLIC CHARITY 1,000

VIRGINIA LEAGUE OF CONSERVATION VOT

100 W FRANKLIN STREET
SUITE 102
RICHMOND,VA23220 		NONE   PUBLIC CHARITY 2,000

VIRGINIA OUTDOORS FOUNDATION

39 GARRETT STREET
WARRENTON,VA20186 		NONE   PUBLIC CHARITY 250

VIRGINIA POINT TO POINT FOUNDATION

P O BOX 1877
MIDDLEBURG,VA20118 		NONE   PUBLIC CHARITY 2,000

VPFF-CF

240 TIMBERLAKE DRIVE
HARDY,VA24101 		NONE   PUBLIC CHARITY 2,000

WARRENTON HORSE SHOW FOUNDATION

P O BOX 905
WARRENTON,VA20188 		NONE   PUBLIC CHARITY 2,750

WARRENTON PONY SHOW

P O BOX 794
WARRENTON,VA20188 		NONE   PUBLIC CHARITY 1,000

WASHINGTON INTERNATIONAL HORSE SHOW

1320 CAPE ST CLAIRE RD
ANNAPOLIS,MD21409 		NONE   PUBLIC CHARITY 20,000

WINDY HILL FOUNDATION

P O BOX 1593
MIDDLEBURG,VA20118 		NONE   PUBLIC CHARITY 2,500

WINGS OF RESCUE

P O BOX 602030
SAN DIEGO,CA92160 		NONE   PUBLIC CHARITY 1,250

YOUTH VILLAGES JANIE'S FUND

ATTN RICHARD SHAW
3320 BROTHER BLVD
MEMPHIS,TN38133 		NONE   PUBLIC CHARITY 44,500
Total ................................. 3a 470,000
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 ........... 		        8
4 Dividends and interest from securities ....     1 99,949  
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 ............ 		        295,035
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aWAGEWORKS INC 		    41 20  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   99,969 295,043
13Total. Add line 12, columns (b), (d), and (e)..................
13
395,012
(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.)
3 CONTRIBUTIONS ARE MADE TO PUBLIC CHARITIES FOR CHARITABLE PURPOSES IN ACCORDANCE WITH DUN FOUNDATION EXEMPT PURPOSE
4 CONTRIBUTIONS ARE MADE TO PUBLIC CHARITIES FOR CHARITABLE PURPOSES IN ACCORDANCE WITH DUN FOUNDATION EXEMPT PURPOSE
7 CONTRIBUTIONS ARE MADE TO PUBLIC CHARITIES FOR CHARITABLE PURPOSES IN ACCORDANCE WITH DUN FOUNDATION EXEMPT PURPOSE
8 CONTRIBUTIONS ARE MADE TO PUBLIC CHARITIES FOR CHARITABLE PURPOSES IN ACCORDANCE WITH DUN FOUNDATION EXEMPT PURPOSE
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:
DUN FOUNDATION
EIN:
20-4463281
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BOOKKEEPING 11,710 2,342   9,368
TAX PREPARATION 4,200     4,200

TY 2025 InvestmentsCorpBondsSchedule
Name:
DUN FOUNDATION
EIN:
20-4463281
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE FIXED 70,114 69,612

TY 2025 InvestmentsCorpStockSchedule
Name:
DUN FOUNDATION
EIN:
20-4463281
Name of Stock End of Year Book Value End of Year Fair Market Value
U.S. AND INTERNATIONAL SECURITIES 1,791,511 6,403,159

TY 2025 InvestmentsOtherSchedule2
Name:
DUN FOUNDATION
EIN:
20-4463281
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACCRUED INTEREST AT COST 526 526

TY 2025 OtherExpensesSchedule
Name:
DUN FOUNDATION
EIN:
20-4463281
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
INSURANCE 997     997
OFFICE EXPENSES 10,509     10,509
PAYROLL EXPENSES 46     46


TY 2025 OtherIncomeSchedule2
Name:
DUN FOUNDATION
EIN:
20-4463281
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
WAGEWORKS INC 20    


TY 2025 OtherIncreasesSchedule
Name:
DUN FOUNDATION
EIN:
20-4463281
Description Amount
ADJUSTMENT OF BOOK VALUE - INVESTMENTS 17,696


TY 2025 OtherProfessionalFeesSchedule
Name:
DUN FOUNDATION
EIN:
20-4463281
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEE 83,225 83,225    


TY 2025 TaxesSchedule
Name:
DUN FOUNDATION
EIN:
20-4463281
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INTERNAL REVENUE SERVICE 3,840     3,840
MORGAN STANLEY - FOREIGN TAXES 647 647