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
NATHAN & EMILY BLUM FUND
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 95672
  Room/suite
City or town
CHICAGO
State or province
IL
Country  
ZIP or foreign postal code
606945672
A Employer identification number

36-6706638
B Telephone number (see instructions)

3124615154
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)$14,439,463J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 326,807 322,589  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 420,587
b Gross sales price for all assets on line 6a 2,496,680
7 Capital gain net income (from Part IV, line 2)... 420,587
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 747,394 743,176  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 102,528 102,528    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
14,217 4,942   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
16     16
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 116,761 107,470 0 16
25 Contributions, gifts, grants paid....... 682,827 682,827
26 Total expenses and disbursements. Add lines 24 and 25 ................ 799,588 107,470 0 682,843
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -52,194
b Net investment income (if negative, enter -0-) 635,706
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 477,686 329,093 329,093
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts 0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 83,239    
b Investments—corporate stock (attach schedule)....... 1,034,039 Click to see attachment
List of Attached Documents:
// Content
1,105,310 		1,780,793
c Investments—corporate bonds (attach schedule)....... 789,092 Click to see attachment
List of Attached Documents:
// Content
890,129 		895,524
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 50,000   0
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
6,322,644 		Click to see attachment
List of Attached Documents:
// Content
6,378,133 		Click to see attachment
List of Attached Documents:
// Content
11,434,053
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,756,700 8,702,665 14,439,463
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........ 8,756,700 8,702,665
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 8,756,700 8,702,665
30 Total liabilities and net assets/fund balances (see instructions). 8,756,700 8,702,665
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
8,756,700
2
Enter amount from Part I, line 27a .....................
2
-52,194
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,704,506
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
1,841
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
8,702,665
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 60. BROADCOM INC   2021-01-11 2025-02-05
b 12. HUBBELL INC   2024-02-09 2025-02-05
c 51. HUBBELL INC   2023-12-04 2025-02-05
d 273. TAPESTRY INC   2024-08-12 2025-02-05
e 61. LINDE PLC   2023-09-11 2025-02-05
3825. INVESCO SENIOR LOAN ETF   2024-12-27 2025-02-21
1250. ISHARES 1-3 YEAR TREASURY BO   2022-10-28 2025-02-21
12033.891 VAUGHN NLSN SML CAP FD-N USD   2024-04-03 2025-02-21
850. SPDR BLOOMBERG HIGH YIELD BO   2024-12-27 2025-02-21
407.756 VANGUARD S/C VAL INDX-ADM   2022-10-18 2025-02-21
50000. FEDERAL HOME LOAN BANK 4.5% 30 SEP 2027   2022-09-13 2025-03-31
74. EXPEDIA GROUP INC   2023-09-11 2025-04-02
193. JACOBS SOLUTIONS INC   2023-11-03 2025-04-02
16. MICROSOFT CORP   2023-09-11 2025-04-02
118. TAPESTRY INC   2024-08-12 2025-04-02
143. WASTE MANAGEMENT INC DEL COMMON STOCK   2020-12-16 2025-04-02
30000. BANK OF AMERICA CORP 3.95% 21 APR 2025   2021-06-28 2025-04-21
158. DEXCOM INC   2025-02-05 2025-06-04
110. DEXCOM INC   2023-11-03 2025-06-04
20. META PLATFORMS INC-CLASS A   2023-09-11 2025-06-04
26. MARSH & MCLENNAN COS   2024-06-04 2025-06-04
68. MARSH & MCLENNAN COS   2023-09-11 2025-06-04
200. XTRACKERS MSCI EAFE HEDGED E   2024-10-25 2025-07-23
1800. ISHARES MSCI JAPAN ETF   2024-04-05 2025-07-23
75. S & P 500 DEPOSITARY RECEIPT TR UNIT SER 1   2019-03-04 2025-07-23
3850. ISHARES MSCI JAPAN ETF   2023-09-28 2025-07-31
1712.329 VANGUARD S/C VAL INDX-ADM   2022-10-18 2025-08-01
58. CUMMINS ENGINE COMPANY INC COMMON STOCK   2025-02-05 2025-08-05
89. D R HORTON INC COMMON STOCK   2023-11-03 2025-08-05
79. EQUITY LIFESTYLE PROPERTIES   2024-09-05 2025-08-05
203. EQUITY LIFESTYLE PROPERTIES   2023-09-11 2025-08-05
34. UNITEDHEALTH GROUP INC COMMON STOCK   2020-12-16 2025-08-05
43. VISA INC-CLASS A SHARES   2023-09-11 2025-08-05
50000. RTX CORP 3.95% 16 AUG 2025   2021-05-26 2025-08-18
484. CITIZENS FINANCIAL GROUP   2024-09-05 2025-09-04
287. GLOBAL PAYMENTS INC COMMON STOCK   2024-08-12 2025-09-04
75000. DOMINION ENERGY INC 3.9% 01 OCT 2025   2021-11-23 2025-10-01
926.672 CHAMPLAIN MID CAP FUND-INST   2015-07-23 2025-10-07
46. AMERIPRISE FINANCIAL INC   2021-01-11 2025-10-07
1707.456 MADISON MID CAP FUND-R6   2024-05-31 2025-10-07
44. ORACLE CORPORATION COMMON STOCK   2022-03-17 2025-10-07
104. AUTODESK INC   2023-10-03 2025-11-05
51. VISA INC-CLASS A SHARES   2023-09-11 2025-11-05
75000. GOLDMAN SACHS GROUP INC 3.75% 25 FEB 2026   2021-04-14 2025-11-25
75000. CHESTERFIELD-B 29 OCT 2020 3% 01 DEC 2025   2020-12-03 2025-12-01
18140.968 CHAMPLAIN MID CAP FUND-INST   2016-07-27 2025-12-10
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 13,899   2,688 11,211
b 4,808   4,354 454
c 20,436   15,463 4,973
d 20,043   10,188 9,855
e 27,639   23,810 3,829
80,476   80,643 -167
102,697   101,435 1,262
251,990   254,517 -2,527
82,262   81,131 1,131
34,627   26,904 7,723
50,000   50,000  
12,385   8,088 4,297
23,685   21,067 2,618
6,098   5,397 701
8,729   4,404 4,325
33,378   16,738 16,640
30,000   32,938 -2,938
13,591   13,902 -311
9,462   10,762 -1,300
13,627   6,114 7,513
6,094   5,384 710
15,939   13,342 2,597
9,010   8,366 644
137,653   119,755 17,898
47,502   20,752 26,750
283,250   234,946 48,304
143,784   112,979 30,805
21,555   19,105 2,450
13,822   10,640 3,182
4,841   5,744 -903
12,439   13,288 -849
8,356   11,403 -3,047
14,501   10,617 3,884
50,000   55,880 -5,880
25,156   20,237 4,919
24,942   33,202 -8,260
75,000   80,867 -5,867
22,750   13,928 8,822
22,772   9,103 13,669
29,744   29,061 683
12,434   3,527 8,907
31,309   22,354 8,955
17,286   12,593 4,693
75,000   83,009 -8,009
75,000   83,239 -8,239
443,909   272,229 171,680
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
      32,800
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       11,211
b       454
c       4,973
d       9,855
e       3,829
      -167
      1,262
      -2,527
      1,131
      7,723
       
      4,297
      2,618
      701
      4,325
      16,640
      -2,938
      -311
      -1,300
      7,513
      710
      2,597
      644
      17,898
      26,750
      48,304
      30,805
      2,450
      3,182
      -903
      -849
      -3,047
      3,884
      -5,880
      4,919
      -8,260
      -5,867
      8,822
      13,669
      683
      8,907
      8,955
      4,693
      -8,009
      -8,239
      171,680
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 420,587
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 8,836
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 8,836
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 8,836
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 5,844
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,844
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 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 2,992
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax0 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
IL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website address  
14
The books are in care ofBMO BANK NA, C/O MICHELLE WILLMS Telephone no. (262) 693-4101

Located atPO BOX 95672CHICAGOIL ZIP+4606945672
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
BMO BANK N A TRUSTEE
1 		102,528    
PO Box 95672
CHICAGO,IL606945672
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................  
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
13,485,481
b
Average of monthly cash balances.......................
1b
532,933
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
14,018,414
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
14,018,414
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
210,276
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
13,808,138
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
690,407
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
690,407
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
8,836
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,836
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
681,571
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
681,571
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
681,571
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
682,843
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
682,843
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 7 681,571
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...... 0
b From 2021...... 0
c From 2022...... 27,057
d From 2023...... 13,141
e From 2024...... 4,277
f Total of lines 3a through e ........ 44,475
4Qualifying distributions for 2025 from Part
XI, line 4: $ 682,843
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..... 681,571
e Remaining amount distributed out of corpus 1,272
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 45,747
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		45,747
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 27,057
c Excess from 2023 .... 13,141
d Excess from 2024 .... 4,277
e Excess from 2025 .... 1,272
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
ERNA BADIC
320 S Canal St Fl 12
CHICAGO,IL60606
(312) 461-5154
bThe form in which applications should be submitted and information and materials they should include:
WRITTEN REQUEST
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
QUALIFIED CHARITABLE ORGANIZATIONS WHICH ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LIBRARY OR EDUCATIONAL PURPOSES.
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

JEWISH FEDERATION OF METROPOLITAN
CHICAGO
30 S WELLS STREET
CHICAGO,IL606065054 		NONE   PROGRAM SUPPORT 204,848

METROPOLITAN FAMILY SERVICES

ONE NORTH DEARBORN STE 1000
CHICAGO,IL60602 		NONE   PROGRAM SUPPORT 102,424

MICHAEL REESE HEALTH TRUST
C/O MUELLER & CO LLP
1707 N RANDALL RD STE 200
Elgin,IL60123 		NONE   PROGRAM SUPPORT 204,848

UNITED WAY OF METROPOLITAN
CHICAGO COUNCIL
333 S WABASH AVE 30TH FLOOR
CHICAGO,IL60604 		NONE   PROGRAM SUPPORT 102,424

JEWISH UNITED FUND ISRAEL
EMERGENCY FUND
30 S WELLS STREET
CHICAGO,IL606065054 		NONE   PROGRAM SUPPORT 68,283
Total ................................. 3a 682,827
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 326,807  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 420,587  
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) ..   747,394  
13Total. Add line 12, columns (b), (d), and (e)..................
13
747,394
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 InvestmentsCorpBondsSchedule
Name:
NATHAN & EMILY BLUM FUND
EIN:
36-6706638
Name of Bond End of Year Book Value End of Year Fair Market Value
001055AL6 AFLAC INC 3.625% 15    
00440EAT4 CHUBB INA HOLDINGS I    
05348EAS8 AVALONBAY COMMUNITIE    
06406HBY4 BANK OF NY MELLON CO    
26884ABA0 ERP OPERATING LP 3%    
375558AU7 GILEAD SCIENCES INC    
377373AE5 GLAXOSMITHKLINE CAPI    
404280AK5 HSBC HOLDINGS PLC 5.    
404280AN9 HSBC HOLDINGS PLC 4%    
45866FAG9 INTERCONTINENTALEXCH    
46625HHS2 JPMORGAN CHASE & CO    
637432MQ5 NATIONAL RURAL UTIL    
718172AH2 PHILIP MORRIS INTL I    
806854AH8 SCHLUMBERGER INVESTM    
92826CAC6 VISA INC 2.8% 14 DEC    
94973VAW7 ANTHEM INC 3.7% 15 A    
59156RBH0 METLIFE INC 3.6% 10    
87236YAH1 TD AMERITRADE HOLDIN    
00440EAV9 CHUBB INA HOLDINGS L 54,833 49,907
06051GFP9 BANK OF AMERICA CORP    
25746UCE7 DOMINION ENERGY INC    
38143U8H7 GOLDMAN SACHS GROUP    
46625HJY7 JPMORGAN CHASE & CO    
808513BU8 CHARLES SCHWAB CORP    
842587CV7 SOUTHERN CO 3.25% 01 81,419 74,743
913017DD8 RTX CORP 3.95% 16 AU    
670346AY1 NUCOR CORP 4.3% 23 M 49,972 50,318
822582BZ4 SHELL INTERNATIONAL    
927804FX7 VIRGINIA ELEC & POWE 57,316 59,717
26441CBS3 DUKE ENERGY CORP 4.3 47,758 50,280
74340XBH3 PROLOGIS LP 3.875% 1 72,590 74,817
125523AH3 CIGNA GROUP/THE 4.37 30,165 30,280
29379VBV4 ENTERPRISE PRODUCTS 67,694 72,776
89115A2Y7 TORONTO-DOMINION BAN 74,651 76,888
AMERICAN HONDA FINANCE CORP 4. 50,344 50,223
AAVALONBAY COMMUNITIES INC 4.3 75,110 75,225
INTERCONTINENTAL EXCHANGE INC 75,081 75,112
MARSH & MCLENNAN COS INC 4.65% 49,677 51,023
OMNICOM GROUP INC 4.2% 01 JUN 29,201 29,786
VERIZON COMMUNICATIONS INC 4.0 74,318 74,429

TY 2025 InvestmentsCorpStockSchedule
Name:
NATHAN & EMILY BLUM FUND
EIN:
36-6706638
Name of Stock End of Year Book Value End of Year Fair Market Value
00206R102 AT&T INC    
02209S103 ALTRIA GROUP INC    
03076C106 AMERIPRISE FINANCIAL 14,317 36,776
031162100 AMGEN INC    
032654105 ANALOG DEVICES INC    
037833100 APPLE INC 52,811 100,860
060505104 BANK OF AMERICA CORP    
09247X101 BLACKROCK INC    
11135F101 BROADCOM INC 10,133 81,680
166764100 CHEVRON CORP    
17275R102 CISCO SYSTEMS INC    
172967424 CITIGROUP INC 24,613 45,626
20030N101 COMCAST CORP-CLASS A    
277432100 EASTMAN CHEMICAL CO    
30161N101 EXELON CORP    
375558103 GILEAD SCIENCES INC    
38141G104 GOLDMAN SACHS GROUP    
438516106 HONEYWELL INTERNATIO    
459200101 INTL BUSINESS MACHIN    
460146103 INTERNATIONAL PAPER    
478160104 JOHNSON & JOHNSON    
539830109 LOCKHEED MARTIN CORP    
548661107 LOWE'S COS INC    
580135101 MCDONALD'S CORP    
58933Y105 MERCK & CO. INC. 37,876 46,104
59156R108 METLIFE INC    
594918104 MICROSOFT CORP 49,006 102,527
617446448 MORGAN STANLEY    
666807102 NORTHROP GRUMMAN COR    
69351T106 PPL CORP    
713448108 PEPSICO INC    
717081103 PFIZER INC    
742718109 PROCTER & GAMBLE CO/ 15,865 16,767
744320102 PRUDENTIAL FINANCIAL    
855244109 STARBUCKS CORP    
87612E106 TARGET CORP    
882508104 TEXAS INSTRUMENTS IN    
902973304 US BANCORP    
91324P102 UNITEDHEALTH GROUP I    
92343V104 VERIZON COMMUNICATIO    
94106L109 WASTE MANAGEMENT INC    
959802109 WESTERN UNION CO    
G5960L103 MEDTRONIC PLC    
281020107 EDISON INTERNATIONAL    
46625H100 JPMORGAN CHASE & CO    
68389X105 ORACLE CORP 14,868 38,982
7591EP100 REGIONS FINANCIAL CO    
N53745100 LYONDELLBASELL INDU-    
00724F101 ADOBE INC 41,647 29,049
007903107 ADVANCED MICRO DEVIC    
02079K107 ALPHABET INC-CL C 62,703 142,779
023135106 AMAZON.COM INC 65,122 94,636
025537101 AMERICAN ELECTRIC PO 29,073 42,434
052769106 AUTODESK INC    
053332102 AUTOZONE INC    
125523100 THE CIGNA GROUP 25,664 24,771
23331A109 DR HORTON INC    
252131107 DEXCOM INC    
30212P303 EXPEDIA GROUP INC 17,159 44,480
30231G102 EXXON MOBIL CORP 36,589 42,721
30303M102 META PLATFORMS INC-C 18,342 39,605
315616102 F5 INC 18,513 28,334
339041105 FLEETCOR TECHNOLOGIE    
37940X102 GLOBAL PAYMENTS INC    
427866108 HERSHEY CO/THE    
443510607 HUBBELL INC    
46982L108 JACOBS SOLUTIONS INC    
571748102 MARSH & MCLENNAN COS    
58155Q103 MCKESSON CORP 21,677 41,835
631103108 NASDAQ INC    
67066G104 NVIDIA CORP 39,213 162,255
723787107 PIONEER NATURAL RESO    
90384S303 ULTA BEAUTY INC    
92532F100 VERTEX PHARMACEUTICA 21,616 28,108
92826C839 VISA INC-CLASS A SHA 12,346 17,536
931142103 WALMART INC 27,252 55,482
949746101 WELLS FARGO & CO    
G54950103 LINDE PLC    
G6095L109 APTIV PLC    
025816109 AMERICAN EXPRESS CO 38,209 54,383
040413205 ARISTA NETWORKS INC 20,986 25,944
174610105 CITIZENS FINANCIAL G    
231021106 CUMMINS INC 16,052 29,606
775711104 ROLLINS INC 25,523 30,430
857477103 STATE STREET CORP 35,567 46,186
871829107 SYSCO CORP 23,233 22,033
876030107 TAPESTRY INC    
90353T100 UBER TECHNOLOGIES IN 27,490 32,112
CRH PLC 24,665 33,696
EMCOR GROUP INC 21,569 21,413
GENPACT LTD 31,670 29,518
TJX COS INC/THE 21,002 25,960
ULTA BEAUTY INC 20,021 22,990
WALT DISNEY CO/THE 27,930 26,850
COMCAST CORP 32,555 31,893
ARCH CAPITAL GROUP LTD 9,797 9,784
US BANCORP 24,264 29,188
JAZZ PHARMACEUTICALS PLC 13,193 17,850
WORKDAY INC 17,945 15,464
ZSCALER INC 17,234 12,146

TY 2025 InvestmentsGovtObligationsSch
Name:
NATHAN & EMILY BLUM FUND
EIN:
36-6706638
US Government Securities - End of Year Book Value:

 
US Government Securities - End of Year Fair Market Value:

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


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


 


TY 2025 InvestmentsOtherSchedule2
Name:
NATHAN & EMILY BLUM FUND
EIN:
36-6706638
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
3130ATCY1 FEDERAL HOME LOAN BA      

TY 2025 OtherAssetsSchedule
Name:
NATHAN & EMILY BLUM FUND
EIN:
36-6706638
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PURCHASE INTEREST CARRYOVER   0 0
0075W0510 WESTWOOD EMERGING MK   0 0
00766Y513 CHAMPLAIN MID CAP FU 286,157 0 0
00770G813 JOHCM GLOBAL EQUITY-   0 0
03463K406 ANGEL OAK MULTI-STR   0 0
04314H592 ARTISAN DEVELOPING W 169,204 169,204 309,569
04314H717 ARTISAN HIGH INCOME-   0 0
XXX-XX-XXXX EATON VANCE ATL CAP 181,534 181,534 293,874
31428Q747 FED HERM ULTRA SHRT 219,728 219,728 223,459
31761R203 GRANDEUR PEAK GL REA   0 0
31761R229 VULCAN VALUE PARTNER   0 0
XXX-XX-XXXX GATEWAY FUND-Y   0 0
41664T610 HARTFORD FLOATING RA   0 0
46138E511 INVESCO PREFERRED ET   0 0
XXX-XX-XXXX ISHARES RUSSELL 2000 106,107 106,107 456,627
46641U861 JPM OPPORT EQ LNG/SH   0 0
78462F103 SPDR S&P 500 ETF TRU 1,148,555 1,127,803 4,824,584
78463X541 SPDR S&P GL NAT RESO   0 0
XXX-XX-XXXX STONE RIDGE REIN RSK   0 0
XXX-XX-XXXX TEMPLETON INST FOREI   0 0
XXX-XX-XXXX TRANSAM EMER MKTS DB   0 0
89832P705 INFINITY Q DIVERS AL 60,112 58,295 0
XXX-XX-XXXX VANGUARD REAL ESTATE   0 0
GAT   0 0
04314H568 ARTISAN HIGH INCOME-   0 0
09252M743 BLACKROCK TOTAL RETU 173,259 173,259 176,586
46434G103 ISHARES CORE MSCI EM   0 0
59522J103 MID-AMERICA APARTMEN   0 0
74340W103 PROLOGIS INC   0 0
XXX-XX-XXXX T ROWE PR DIVIDEND G   0 0
XXX-XX-XXXX VANGUARD MID-CAP VAL 151,414 151,414 305,963
09260B382 BLACKROCK STRAT INC   0 0
XXX-XX-XXXX ISHARES CORE S&P SMA   0 0
46653M708 JOHCM GLOBAL SELECT-   0 0
09260C307 BLCKRCK SYST MULTI-S 103,622 103,622 109,663
XXX-XX-XXXX ISHARES 1-3 YEAR TRE 101,435 0 0
XXX-XX-XXXX ISHARES CORE S&P MID 110,152 110,152 156,750
46653M849 JOHCM INTERNATIONAL   0 0
56064L751 NYLI MACKA H/Y MUNI 100,189 100,189 110,566
56166Y511 NUANCE MID CAP VALUE   0 0
81580H639 SEGALL BRY & HAM S/C   0 0
XXX-XX-XXXX TWEEDY BROWNE INTL V   0 0
XXX-XX-XXXX VANGUARD S/C VAL IND 139,883 0 0
XXX-XX-XXXX VANGUARD FTSE EMERGI 333,590 383,468 524,160
XXX-XX-XXXX VANGUARD SMALL-CAP E 107,568 107,568 154,770
29472R108 EQUITY LIFESTYLE PRO 19,070 0 0
37954Y673 GLOBAL X US INFRASTR 313,244 313,244 489,848
38147N293 GLDMN SCHS GQG PRT I 328,860 328,057 393,972
46434G822 ISHARES MSCI JAPAN E 354,702 0 0
64128R608 NEUBERGER BERM LNG S 100,061 100,061 122,425
XXX-XX-XXXX STONE RIDGE H/Y REIN 394,861 394,861 396,000
990055CS2 INFINITY Q DIVERSIFI   0 0
XXX-XX-XXXX XTRACKERS MSCI EAFE 276,078 267,712 307,904
XXX-XX-XXXX DODGE & COX INCOME-I 100,000 100,000 103,047
41664T255 HARTFORD TTL RTRN BN 174,195 174,195 177,121
46138G508 INVESCO SENIOR LOAN 80,664 0 0
46432F842 ISHARES CORE MSCI EA 226,715 437,329 518,868
XXX-XX-XXXX MADISON MID CAP FUND 126,037 96,976 94,583
63872R376 NATIXIS VGHN NLSN S/ 254,517 0 0
78468R622 SPDR BLOOMBERG HIGH 81,131 0 0
CONGRESS SMALL CAP GROWTH FUND   438,200 417,737
ISHARES MSCI EAFE SMALL-CAP ET   226,308 242,281
ISHARES CHINA LARGE-CAP ETF   230,454 241,227
BRIXMOR PROPERTY GROUP INC   15,881 15,994
ISHARES 7-10 YEAR TREASURY BON   102,861 105,776
ARTISAN HIGH INCOME FUND   159,651 160,699


TY 2025 OtherDecreasesSchedule
Name:
NATHAN & EMILY BLUM FUND
EIN:
36-6706638
Description Amount
COST BASIS ADJUSTMENT 1,841


TY 2025 OtherExpensesSchedule
Name:
NATHAN & EMILY BLUM FUND
EIN:
36-6706638
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSE 1 0   1
OTHER NON-ALLOCABLE EXPENSE 15 0   15


TY 2025 TaxesSchedule
Name:
NATHAN & EMILY BLUM FUND
EIN:
36-6706638
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 9 9   0
FEDERAL TAX PAYMENT - PRIOR YE 3,431 0   0
FEDERAL ESTIMATES - PRINCIPAL 5,844 0   0
FOREIGN TAXES ON QUALIFIED FOR 3,461 3,461   0
FOREIGN TAXES ON NONQUALIFIED 1,472 1,472   0