Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
The High Stakes Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address) 129 W Alder
  Room/suite
City or town
Missoula
State or province
MT
Country  
ZIP or foreign postal code
59802
A Employer identification number

20-5815274
B Telephone number (see instructions)

4067262030
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)$2,450,128J 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) 2,586,827
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 59,999 59,999  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 49
b Gross sales price for all assets on line 6a 487,851
7 Capital gain net income (from Part IV, line 2)... 49
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,646,875 60,048  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,880 0   5,880
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
86,807 2,807   84,000
17 Interest............... 67 0   67
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
820 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 35,239 0   35,239
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
63,214 0   63,249
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 192,027 2,807   188,435
25 Contributions, gifts, grants paid....... 1,125,337 1,125,337
26 Total expenses and disbursements. Add lines 24 and 25 ................ 1,317,364 2,807   1,313,772
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,329,511
b Net investment income (if negative, enter -0-) 57,241
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,107,272 782,605 782,605
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) 0 Click to see attachment
List of Attached Documents:
// Content
725,644 		725,644
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
938,559 		938,559
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).......... 0 Click to see attachment
List of Attached Documents:
// Content
3,320 		3,320
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) 1,107,272 2,450,128 2,450,128
Liabilities 17 Accounts payable and accrued expenses.......... 35  
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)......... 35 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 1,107,237 2,450,128
29 Total net assets or fund balances (see instructions)..... 1,107,237 2,450,128
30 Total liabilities and net assets/fund balances (see instructions). 1,107,272 2,450,128
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
1,107,237
2
Enter amount from Part I, line 27a .....................
2
1,329,511
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
13,380
4
Add lines 1, 2, and 3 ..........................
4
2,450,128
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
2,450,128
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 UBS Financial      
b
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 487,851   487,802 49
b
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       49
b
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 49
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) 1 796
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........................... 3 796
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- ..... 5 796
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 40
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 836
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax   Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
MT
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addresswww.highstakesfoundation.org
14
The books are in care ofDawn McGeeKari Kehoe Telephone no. (406) 726-2030

Located at129 W AlderMissoulaMT ZIP+459802
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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
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
Mary Stranahan Chair
1.00 		0 0 0
129 W Alder
Missoula,MT59802
Molly Stranahan Secretary/Treasurer
1.00 		0 0 0
129 W Alder
Missoula,MT59802
Martha Newell Director
1.00 		0 0 0
129 W Alder
Missoula,MT59802
Page Armstrong Director
1.00 		0 0 0
129 W Alder
Missoula,MT59802
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
Goodworks Ventures Management Services 84,000
129 W Alder St
Missoula,MT59802
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
839,418
b
Average of monthly cash balances.......................
1b
346,801
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
1,186,219
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
1,186,219
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
17,793
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,168,426
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
58,421
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
58,421
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
796
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
796
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
57,625
4
Recoveries of amounts treated as qualifying distributions................
4
12,500
5
Add lines 3 and 4............................
5
70,125
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
70,125
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
1,313,772
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,313,772
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 70,125
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 1,090,667
b From 2021...... 743,332
c From 2022...... 1,212,368
d From 2023...... 1,033,572
e From 2024...... 2,091,355
f Total of lines 3a through e ........ 6,171,294
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,313,772
a Applied to 2024, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 70,125
e Remaining amount distributed out of corpus 1,243,647
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 7,414,941
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		1,090,667
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		6,324,274
10 Analysis of line 9:
a Excess from 2021 .... 743,332
b Excess from 2022 .... 1,212,368
c Excess from 2023 .... 1,033,572
d Excess from 2024 .... 2,091,355
e Excess from 2025 .... 1,243,647
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).)
Mary Stranahan
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Mary Stranahan
129 W Alder
Missoula,MT59802
(406) 726-2030
bThe form in which applications should be submitted and information and materials they should include:
Completed application form and grant proposal request. See https://highstakesfoundation.wordpress.com/how-to-apply/ for grant application procedures.
cAny submission deadlines:
April 1 and September 1
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
None
Form 990-PF (2025)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ACLU Montana

PO Box 1968
Missoula,MT59806 		None   General Operations 20,000

Badrock Farmers Fellowship

640 Martini Ln
Columbia Falls,MT599129139 		None   General Operations 1,000

Bee Girl

1467 Siskiyou Blvd 199
Ashland,OR97520 		None   General Operations 8,000

Big Hole Watershed Committee

PO Box 21
Divide,MT59727 		None   General Operations 20,000

Blackfoot Challenge

PO Box 103
Ovando,MT59854 		None   General Operations 10,000

Citizens for a Better Flathead

PO Box 2198
Kalispell,MT59903 		None   General Operations 8,000

Code Girls United

PO Box 8272
Kalispell,MT59904 		None   General Operations 25,000

Common Good Montana

200 E Broadway 7436
Missoula,MT59802 		None   General Operations 30,000

Community Food and Agriculture Coalition

PO Box 7025
Missoula,MT59807 		None   General Operations 25,000

Continental Divide Trail Coalition

619 12th Street PO Box 428
Golden,CO80402 		None   General Operations 25,000

Cut Bank Trails

PO Box 43
Cut Bank,MT59427 		None   General Operations 2,000

Families for a Livable Climate

120 Hickory St Suite A 2
Missoula,MT59801 		None   General Operations 13,500

Friends of Montana PBS Inc

Po Box 173340
Bozeman,MT597173340 		None   General Operations 15,000

Friends of Scotchman Peaks

Po Box 2061
Sandpoint,ID838640900 		None   General Operations 15,000

Friends of the Clearwater

116 East 3rd Street 211
Moscow,ID83843 		None   General Operations 5,000

Glacier Queer Alliance

PO Box 9665
Kalispell,MT59901 		None   General Operations 12,000

Glacier-Two Medicine Alliance

PO Box 181
East Glacier Park,MT59434 		None   General Operations 15,000

Great Burn Study Group dba Great Burn Conservation Alliance

2825 Stockyard Rd Suite A7
Missoula,MT59808 		None   General Operations 10,000

Home Resource

1515 Wyoming St
Missoula,MT59801 		None   General Operations 15,000

Mainstreet Uptown Butte

PO Box 696
Butte,MT597030696 		None   General Operations 25,000

MAPS Media Institute

515 Madison Street
Hamilton,MT59840 		None   General Operations 30,000

Missoula Institute for Sustainable Transportation (MIST)

734 South 1st Street West
Missoula,MT59801 		None   General Operations 25,000

Missoula Interfaith Collaborative

2205 34th Street
Missoula,MT59801 		None   General Operations 40,000

Missoula Transportation and Restoration

309 Whitaker Dr
Missoula,MT59803 		None   General Operations 6,000

Missoula Urban Demonstration Project

1527 Wyoming St
Missoula,MT59801 		None   General Operations 15,000

Montana Budget and Policy Center

15 West 6th Avenue 3E
Helena,MT59601 		None   General Operations 25,000

Montana Conservation Corps

301 N Willson Ave
Bozeman,MT59718 		None   General Operations 20,000

Montana Conservation Voters Education Fund

PO Box 1814
Helena,MT59624 		None   General Operations 15,000

Montana Environmental Information Center

107 W Lawrence Street N-6
Helena,MT59601 		None   General Operations 5,000

Montana Free Press

32 N 6th St
Helena,MT59601 		None   General Operations 30,000

Montana Freshwater Partners

PO Box 338
Livingston,MT59047 		None   General Operations 25,000

Montana Nonprofit Association

PO Box 1744
Helena,MT596241744 		None   General Operations 2,500

Montana Trails Coalition

60 Pine Ridge Circle
Clancy,MT596349760 		None   General Operations 3,000

Montana Two Spirit Society

PO Box 7514
Missoula,MT598077514 		None   General Operations 20,000

Montana Watershed Coordination Council

PO Box 1416
Helena,MT59624 		None   General Operations 25,000

MTB Missoula

Po Box 8233
Missoula,MT59807 		None   General Operations 3,337

Neighborworks Montana

PO Box 1025
Great Falls,MT59403 		None   General Operations 25,000

Northern Plains Resource Council

220 S 27th Street
Billings,MT59101 		None   General Operations 30,000

Our Childrens Trust

PO Box 5181
Eugene,OR97405 		None   General Operations 25,000

Park County Community Foundation

202 E Callender St
Livingston,MT590472706 		None   General Operations 20,000

Prickly Pear Land Trust

PO Box 892
Helena,MT59624 		None   General Operations 30,000

Producers Partnership Inc

356 Frontage Road East
Livingston,MT59047 		None   General Operations 25,000

Quivira Coalition

1413 Second St Suite 1
Santa Fe,NM87505 		None   General Operations 10,000

Red Ants Pants Foundation

206 East Main Street
White Sulphur Springs,MT59645 		None   General Operations 15,000

Red Lodge Area Community Foundation

PO Box 1871
Red Lodge,MT59068 		None   General Operations 20,000

Seeley Lake Community Foundation

PO Box 25
Seeley Lake,MT59868 		None   General Operations 30,000

Nature Conservancy

4245 Fairfax Dr Ste 100
Arlington,VA222031637 		None   General Operations 25,000

The Paradise Center

PO Box 162
Paradise,MT59856 		None   General Operations 10,000

The Pulp

PO Box 9277
Missoula,MT59807 		None   General Operations 25,000

Theodore Roosevelt Conservation Partnership

529 14th St Nw Ste 500
Washington,DC20045 		None   General Operations 20,000

Troy Farmers Market

PO Box 333
Troy,MT59935 		None   General Operations 1,000

Trust Montana

PO Box 8791
Missoula,MT59807 		None   General Operations 15,000

Upper Seven Law

PO Box 31
Helena,MT59624 		None   General Operations 30,000

Vibrant Lives of Montana

212 E Bannack St
Dillon,MT597252706 		None   General Operations 15,000

Western Enviromental Law Center

120 Shelton McMurphey Blvd 340
Eugene,OR97401 		None   General Operations 20,000

Western Landowners Alliance

PO Box 27798
Denver,CO80227 		None   General Operations 30,000

Western Organization of Resource Councils Education

PO Box 31037
Billings,MT59107 		None   General Operations 25,000

Montana Wilderness Association dba Wild Montana

80 S Warren St
Helena,MT59601 		None   General Operations 30,000

Montana Wilderness Association dba Wild Montana

80 S Warren St
Helena,MT59601 		None   General Operations 5,000

Winnett ACES

PO Box 11
Winnett,MT59807 		None   General Operations 20,000

Women in Ranching

PO Box 76
Cohagen,MT59322 		None   General Operations 20,000

Yaak Valley Forest Council

PO Box 622
Troy,MT59935 		None   General Operations 15,000
Total ................................. 3a 1,125,337
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 59,999  
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 49  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 60,048 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
60,048
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
The High Stakes Foundation
 
Employer identification number

20-5815274
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


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

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025) Page 2
Name of organization
The High Stakes Foundation
  		Employer identification number
20-5815274
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Duane Stranahan fbo Mary Stranahan Irrevocable Trust
 
2951 Centerville Rd Ste 200
 
Wilmington, DE19808

$ 2,586,827


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
The High Stakes Foundation
  		Employer identification number

20-5815274
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 Various Securities $ 933,740 2025-06-30
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
The High Stakes Foundation
  		Employer identification number

20-5815274
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2025 AccountingFeesSchedule
Name:
The High Stakes Foundation
EIN:
20-5815274
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 5,880 0   5,880

TY 2025 InvestmentsCorpStockSchedule
Name:
The High Stakes Foundation
EIN:
20-5815274
Name of Stock End of Year Book Value End of Year Fair Market Value
AEGON LTD ADR ADR 16,091 16,091
AGNICO EAGLE MINES LTD 5,425 5,425
AIR PRODS & CHEMS INC 2,470 2,470
AKZO NOBEL N V 46 46
ALLSTATE CORP 5,412 5,412
ALPHABET INC 18,780 18,780
ALPHABET INC 43,932 43,932
AMAZON.COM INC 41,548 41,548
AMERICAN WTR WKS CO INC 13,050 13,050
APPLE INC 76,665 76,665
AUTODESK INC 7,400 7,400
AUTOMATIC DATA PROCESSIN 7,717 7,717
BANK NEW YORK MELLON COR 6,965 6,965
BANK OF AMERICA CORP 11,495 11,495
BROADCOM INC 1,384 1,384
CANADIAN NATL RY CO 5,536 5,536
CANADIAN PACIFIC KAN 8,099 8,099
CBRE GROUP INC 7,557 7,557
CHURCH & DWIGHT INC 755 755
CISCO SYS INC 15,252 15,252
CITIGROUP INC 12,369 12,369
COCA-COLA EUROPACIFIC 4,082 4,082
COMMONWEAL TH BK AUSTRA 10,544 10,544
COMPASS GROUP PLC 4,383 4,383
CSL LTD 8,064 8,064
DAIICHI SANKYO CO LTD 1,593 1,593
DEERE & CO 4,656 4,656
DELTA AIR LINES INC DEL 6,593 6,593
DHL GROUP ADR 4,813 4,813
DNB BK ASA 1,671 1,671
EATON CORP PLC 6,689 6,689
EBAY INC 1,916 1,916
ECOLAB INC 3,938 3,938
ELECTRONIC ARTS INC 15,120 15,120
ELI LILLY AND CO 13,971 13,971
EXPERIAN PLC 2,484 2,484
FANUC CORP ADR 19 19
FIRST SOLAR INC 4,180 4,180
FORTESCUE METALS GROUP 7,976 7,976
FUJIFILM HLDGS CORP 6,088 6,088
GILDAN ACTIVEWEAR INC 4,497 4,497
GOLDMAN SACHS GROUP INC 14,064 14,064
GRAINGER WW INC 7,063 7,063
HANOVER INS GROUP INC 3,473 3,473
HENRY JACK & ASSOC INC 4,380 4,380
HERSHEY CO 3,640 3,640
HEWLETT PACKARD ENTERPRI 2,834 2,834
HILTON WORLDWIDE HLDGS I 3,734 3,734
HOME DEPOT INC 8,258 8,258
HP INC 2,629 2,629
IDEXX LABS INC 12,178 12,178
ILLINOIS TOOL WKS INC 5,911 5,911
ING GROEP NV 18,816 18,816
JPMORGAN CHASE & CO 16,433 16,433
KEURIG DR PEPPER INC 644 644
KINROSS GOLD CORP 760 760
KLA CORP 23,087 23,087
KONINKLIJKE AHOLD DELH 6,165 6,165
LOREAL SA 2,570 2,570
LOWES COS INC 2,412 2,412
MARSH & MCLENNAN COS INC 1,670 1,670
MASTERCARD INC 21,693 21,693
META PLATFORMS INC 23,763 23,763
MICROSOFT CORP 59,002 59,002
NASDAQ INC 8,450 8,450
NISOURCE INC 2,255 2,255
NOKIA CORP 1,475 1,475
NORSK HYDRO ASA ADR AD 19,394 19,394
NOVARTIS AG 3,998 3,998
NOVO-NORDISK AS 8,650 8,650
NVIDIA CORP 41,217 41,217
ONE GAS INC 541 541
ORION ENERGY SYS INC 3,522 3,522
PAYPAL HLDGS INC 1,284 1,284
PROGRESSIVE CORP OH 1,366 1,366
PUBLICIS S A NEW 3,623 3,623
QUALCOMM INC 4,960 4,960
RAYMOND JAMES FINL INC 6,424 6,424
RELX PLC 2,910 2,910
S&P GLOBAL 13,587 13,587
SOCIETE GENERALE 15,504 15,504
SONY GROUP CORP 19,610 19,610
TEXAS INSTRS INC 9,021 9,021
THERMO FISHER SCIENTIFIC 13,907 13,907
TJX COS INC NEW 12,903 12,903
TOKIO MARINE HLDGS INC 4,216 4,216
TOKYO ELECTRON LTD 6,666 6,666
TRAVELERS COS INC 8,412 8,412
UBS GROUP AG 8,706 8,706
UNION PAC CORP 7,865 7,865
UNITEDHEALTH GROUP INC 9,573 9,573
VISA INC 23,147 23,147
WHEATON PRECIOUS METAL 5,641 5,641
YUM BRANDS INC 3,328 3,328

TY 2025 InvestmentsGovtObligationsSch
Name:
The High Stakes Foundation
EIN:
20-5815274
US Government Securities - End of Year Book Value:

725,644
US Government Securities - End of Year Fair Market Value:

725,644
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2025 InvestmentsOtherSchedule2
Name:
The High Stakes Foundation
EIN:
20-5815274
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PROLOGIS INC FMV 3,320 3,320

TY 2025 OtherExpensesSchedule
Name:
The High Stakes Foundation
EIN:
20-5815274
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Advertising and Marketing 62,197 0   62,197
Miscellaneous 1,017 0   1,052


TY 2025 OtherIncreasesSchedule
Name:
The High Stakes Foundation
EIN:
20-5815274
Description Amount
Unrealized Gain/Loss 880
Returned grants from prior years 12,500


TY 2025 OtherProfessionalFeesSchedule
Name:
The High Stakes Foundation
EIN:
20-5815274
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 2,807 2,807   0
Management Fees 84,000 0   84,000


TY 2025 TaxesSchedule
Name:
The High Stakes Foundation
EIN:
20-5815274
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Excise Tax 820 0   0