TY 2025 Form 990PF

- TIN:

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
CKENNETH & LAURA BAXTER FOUNDATIONINC
C/O EISNER ADVISORY GROUP LLC

Number and street (or P.O. box number if mail is not delivered to street address) 505 SO FLAGLER DRIVE SUITE 900
Room/suite

City or town
WEST PALM BEACH

State or province
FL

Country

ZIP or foreign postal code
33401

A Employer identification number

59-2706460

B Telephone number (see instructions)

5618329292

C If exemption application is pending, check here

G Check all that apply: Initial returnInitial return of a former public charity

Address change Name change

D 1. Foreign organizations, check here.............

2. Foreign organizations meeting the 85%
test, check here and attach computation ...

E If private foundation status was terminated
under section 507(b)(1)(A), check here .......

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$34,611,726J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments	13,605		13,605
4	Dividends and interest from securities...	479,205		479,205
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,082,186
b	Gross sales price for all assets on line 6a 7,958,148
7	Capital gain net income (from Part IV, line 2)...			2,082,186
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........	2,574,996		2,574,996
13	Compensation of officers, directors, trustees, etc.	49,125		24,562	24,563
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	2,723	1,362	1,361
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	33,588	16,794	16,794
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	191,823	191,768	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	101,559	1,851	99,708
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	28,216	13,750	14,466
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	407,034		250,087	156,892
25	Contributions, gifts, grants paid.......	1,300,000			1,300,000
26	Total expenses and disbursements. Add lines 24 and 25 ................	1,707,034		250,087	1,456,892
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	867,962
b	Net investment income (if negative, enter -0-)			2,324,909
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	134,638	106,014	106,014
	2	Savings and temporary cash investments.........	566,616	389,017	389,017
	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..........	94,225	100,000	100,000
	10a	Investments—U.S. and state government obligations (attach schedule)	298,599	List of Attached Documents: // Content 449,578	451,681
	b	Investments—corporate stock (attach schedule).......	15,159,665	List of Attached Documents: // Content 16,363,608	30,892,570
	c	Investments—corporate bonds (attach schedule).......	2,108,106	List of Attached Documents: // Content 1,568,197	1,599,148
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	973,350	List of Attached Documents: // Content 971,612	1,062,041
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 13,209	List of Attached Documents: // Content 11,255	List of Attached Documents: // Content 11,255
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	19,348,408	19,959,281	34,611,726
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	3,253,602	3,253,602
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	16,094,806	16,705,679
	29	Total net assets or fund balances (see instructions).....	19,348,408	19,959,281
	30	Total liabilities and net assets/fund balances (see instructions).	19,348,408	19,959,281

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

19,348,408

Enter amount from Part I, line 27a .....................

867,962

Other increases not included in line 2 (itemize)

Add lines 1, 2, and 3 ..........................

20,216,370

Decreases not included in line 2 (itemize) Click to see attachment

List of Attached Documents:

// Content

257,089

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..

19,959,281

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
1 a	BANK OF AMERICA 1196
b	BANK OF AMERICA 1196
c	EVERCORE TRUST CO
d	EVERCORE TRUST CO
e	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	5,684,401	3,183,404	2,500,997
b	797,892	887,776	-89,884
c	1,221,421	1,490,432	-269,011
d	253,698	314,350	-60,652
e	736		736

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			2,500,997
b			-89,884
c			-269,011
d			-60,652
e			736

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	2,082,186
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 .........................		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.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	32,316
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	32,316
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	32,316
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	100,000
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	100,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	67,684
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax67,684	Refunded	11	0
	For Refunded amount, also complete and attach Form 8050. See instructions.

Form 990-PF (2025)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers.$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website addressN/A

The books are in care ofMR DAVID S DONTEN Telephone no. (561) 832-9292

Located at505 S FLAGLER DRIVEWEST PALM BEACHFL ZIP+433401

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 ........

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........

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? .............

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)):

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?....................

If "Yes," list the years 20, 20, 20, 20

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.) ..............

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

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.).....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2025)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check .........

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
DAVID S DONTEN	DIRECTOR 20.00	49,125
505 S FLAGER DRIVE SUITE 900 WEST PALM BEACH,FL33401	DIRECTOR 20.00	49,125
TASHA DICKINSON DAY PITNEY LLP	DIRECTOR 2.00	0
360 SOUTH ROSEMARY AVE SUITE 1605 WEST PALM BEACH,FL33401	DIRECTOR 2.00	0
ROBERTA JURNEY	DIRECTOR 2.00	0
505 S FLAGER DRIVE SUITE 900 WEST PALM BEACH,FL33401	DIRECTOR 2.00	0

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)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3.........................0

Form 990-PF (2025)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

31,720,387

Average of monthly cash balances.......................

829,265

Fair market value of all other assets (see instructions)................

Total (add lines 1a, 1b, and 1c).......................

32,549,652

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

32,549,652

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

488,245

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

32,061,407

Minimum investment return. Enter 5% (0.05) of line 5 ................

1,603,070

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.)

Minimum investment return from Part IX, line 6..................

1,603,070

Tax on investment income for 2025 from Part V, line 5 .......

32,316

Income tax for 2025. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

32,316

Distributable amount before adjustments. Subtract line 2c from line 1............

1,570,754

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,570,754

Deduction from distributable amount (see instructions) .................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

1,570,754

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........

1,456,892

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

1,456,892

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				1,570,754
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......			1,232,811
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2025:
a From 2020......
b From 2021......
c From 2022......
d From 2023......
e From 2024......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,456,892
a Applied to 2024, but not more than line 2a			1,232,811
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.....				224,081
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2025.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2024. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2025. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2026 ..........				1,346,673
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2020 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2021 ....
b Excess from 2022 ....
c Excess from 2023 ....
d Excess from 2024 ....
e Excess from 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 4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% (0.85) of line 2a .......
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, 3b, or 3c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2025)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ALZHEIMER'S COMMUNITY CARE 800 NORTHPOINT PARKWAY WEST PALM BEACH,FL33407	NONE		GENERAL	75,000
AMERICAN HEART ASSOCIATION 2300 CENTREPARK W DRIVE WEST PALM BEACH,FL33409	NONE		GENERAL	30,000
BELLA'S ANGELS 13860 WELLINGTON TRACE 38-111 WELLINGTON,FL33414	NONE		GENERAL	25,000
CHILDREN'S HOME SOCIETY OF FLORIDA 3333 FOREST HILL BLVD WEST PALM BEACH,FL33406	NONE		GENERAL	35,000
COMMUNITY FOUNDATION FOR PALM BEACH & MARTIN COUNTIES 700 S DIXIE HWY 200 WEST PALM BEACH,FL33401	NONE		GENERAL	170,000
DREYFOOS SCHOOL OF THE ARTS FOUNDATION PO BOX 552 WEST PALM BEACH,FL33402	NONE		GENERAL	20,000
EDUCATION FOUNDATION OF PALM BEACH COUNTY 505 SOUTH CONGRESS AVENUE BOYNTON BEACH,FL33426	NONE		GENERAL	60,000
ELS FOR AUTISM FOUNDATION 18370 LIMESTONE CREEK ROAD JUPITER,FL33458	NONE		GENERAL	45,000
FLORIDA EASTER SEALS 213 SOUTH CONGRESS AVENUE WEST PALM BEACH,FL33409	NONE		GENERAL	10,000
FURRY FRIENDS 100 CAPITAL STREET JUPITER,FL33458	NONE		GENERAL	30,000
HABITAT FOR HUMANITY 1225 S MILITARY TRAIL WEST PALM BEACH,FL33415	NONE		GENERAL	55,000
JUPITER MEDICAL CENTER FOUNDATION 120 SOUTH OLD DIXIE HIGHWAY JUPITER,FL33458	NONE		GENERAL	45,000
KELLY'S FOSTERS 790 JUNO OCEAN WALK 201C JUNO BEACH,FL33408	NONE		GENERAL	15,000
LEAF PO BOX 17725 WEST PALM BEACH,FL33416	NONE		GENERAL	10,000
LEGAL AID SOCIETY OF SOUTH FLORIDA INC 4800 NORTH FEDERAL HWY BOCA RATON,FL33431	NONE		GENERAL	40,000
LEUKEMIA & LYMPHOMA SOCIETY 4360 NORTHLAKE BLVD SUITE 109 PALM BEACH GARDENS,FL33410	NONE		GENERAL	20,000
MCCARTHY WILDLIFE SANCTUARY 12943 61ST ST N WEST PALM BEACH,FL33412	NONE		GENERAL	10,000
MEALS ON WHEELS PO BOX 247 WEST PALM BEACH,FL33402	NONE		GENERAL	65,000
MILAGRO CENTER 695 AUBURN AVENUE DELRAY BEACH,FL33444	NONE		GENERAL	10,000
PALM BEACH ATLANTIC UNIVERSITY 901 SOUTH FLAGLER DRIVE WEST PALM BEACH,FL33401	NONE		GENERAL	75,000
PALM BEACH COUNTY FOOD BANK INC 525 GATOR DR LANTANA,FL33462	NONE		GENERAL	60,000
PALM BEACH COUNTY POLICE ATHLETIC LEAGUE 658 W INDIANTOWN ROAD JUPITER,FL33458	NONE		GENERAL	20,000
PALM BEACH COUNTY YOUTH FOR CHRIST 800 NORTHPOINT PARKWAY WEST PALM BEACH,FL33407	NONE		GENERAL	20,000
PEDIATRIC ONCOLOGY SUPPORT TEAM 5325 GREENWOOD AVE 301 WEST PALM BEACH,FL33407	NONE		GENERAL	15,000
PLACE OF HOPE 9078 ISAIAH LANE WEST PALM BEACH,FL33418	NONE		GENERAL	80,000
QUAIL VALLEY CHARITIES 2345 HIGHWAY A1A VERO BEACH,FL32960	NONE		GENERAL	20,000
QUANTUM HOUSE 987 45TH STREET WEST PALM BEACH,FL33407	NONE		GENERAL	95,000
SPEAK UP FOR KIDS PO BOX 1896 WEST PALM BEACH,FL33402	NONE		GENERAL	10,000
STUDENT ACES 7750 ARBOR CREST WAY PALM BEACH GARDENS,FL33412	NONE		GENERAL	30,000
THE ARC OF PALM BEACH COUNTY INC 1201 AUSTRALIAN AVENUE RIVIERA BEACH,FL33404	NONE		GENERAL	25,000
THE CENTER FOR FAMILY SERVICES 471 SPENCER DRIVE WEST PALM BEACH,FL33409	NONE		GENERAL	20,000
THE PALM BEACH SYMPHONY SOCIETY INC 44 COCOANUT ROW M207-B PALM BEACH,FL33480	NONE		GENERAL	10,000
URBAN YOUTH IMPACT PO BOX 222592 WEST PALM BEACH,FL33422	NONE		GENERAL	10,000
YOUNG SINGERS OF THE PALM BEACH 701 OKEECHOBEE BLVD WEST PALM BEACH,FL33401	NONE		GENERAL	40,000
Total ................................. 3a				1,300,000

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	13,605
4 Dividends and interest from securities ....			14	479,205
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	2,082,186
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		2,574,996	0

13Total. Add line 12, columns (b), (d), and (e)..................

2,574,996

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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. Yes No
	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

- TIN:

TY 2025 AccountingFeesSchedule

Name:

CKENNETH & LAURA BAXTER FOUNDATIONINC

C/O EISNER ADVISORY GROUP LLC

EIN:

59-2706460

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	33,588	16,794		16,794

- TIN:

TY 2025 InvestmentsCorpBondsSchedule

Name:

CKENNETH & LAURA BAXTER FOUNDATIONINC

C/O EISNER ADVISORY GROUP LLC

EIN:

59-2706460

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CIGNA CORP 150,000	143,315	149,142
IBM CORP 200,000	198,248	199,854
JOHN DEERE CAPITAL CORP 200,000	188,524	196,734
JP MORGAN CHASE & CO 150,000	147,800	149,552
ORACLE CORP 150,000	149,832	147,009
PACCAR FINANCIAL CORP 150,000	151,832	152,771
PHILIP MORRIS INTL INC 150,000	148,894	151,315
TOYOTA MOTOR CORP 150,000	150,000	150,912
UNITED HEALTH GROUP 150,000	140,087	149,853
WASTE MANAGEMENT INC 150,000	149,665	152,006

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

CKENNETH & LAURA BAXTER FOUNDATIONINC

C/O EISNER ADVISORY GROUP LLC

EIN:

59-2706460

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M COMPANY 827	114,323	132,403
ABBOTT LABS 1,358	147,247	170,144
ABBVIE INC. 900	59,431	205,641
ACCENTURE PLC 431	26,319	115,637
ADOBE INC 100	25,501	34,999
ALPHABET INC CL C 3,301	56,615	1,035,854
ALPHABET INC CL A 2,500	188,029	782,500
ALPHABET INC CL A 2,581	44,530	807,853
AMAZON COM INC. 2,250	262,374	519,345
AMAZON COM INC. 2,565	414,602	592,053
APPLE INC 5,688	107,835	1,546,340
APPLE INC. 2,500	255,117	679,650
ASML HLDG 223	196,749	238,579
ASTRAZENECA PLC 1,483	113,700	136,332
AT&T INC 6,295	142,759	156,368
AUTO ZONE INC 35	108,600	118,703
AUTOMATIC DATA PROCESSING INC. 500	25,273	128,615
BECTON DICKINSON CO 634	142,743	123,040
BERSHIRE HATHAWAY 703	103,875	353,363
BERSHIRE HATHAWAY CL B 750	195,814	376,987
BLACKROCK NC 262	50,544	280,429
BLACKROCK INC. 150	139,489	160,551
BLACKSTONE INC 1,100	157,413	169,554
BLACKSTONE INC 859	111,354	132,406
BOEING COMPANY 203	46,682	44,075
BOSTON SCIENTIFIC 2,744	119,970	261,640
BRISTOL MYERS SQUIBB 450	22,545	24,273
BROADCOM INC 1,500	248,510	519,150
BROADCOM INC 2,141	383,148	741,000
CAPITAL ONE FNL 623	124,214	150,990
CHENERE ENERGY 485	99,561	94,279
CHEVRON CORP 1,750	235,611	266,718
CHEVRON CORP 976	108,325	148,752
CISCO SYS INC. 3,187	61,230	245,495
COCA COLA 1,841	122,138	128,704
CONSTELLATION ENERGY CORP 121	26,512	42,746
CORTEVA INC 500	8,149	33,515
COSTCO WHOLESALE 225	202,262	194,027
COSTCO WHOLESALE 261	224,325	225,071
DEERE CO 127	45,676	59,127
DISNEY CO 433	42,075	49,262
DUPONT DE NEMOURS INC 1,741	36,971	69,988
EATON CORP 501	149,488	159,574
ELI LILLY & CO 217	9,179	233,206
EQUIX INC 25	19,948	19,154
EXXON MOBIL CORP 1,478	168,381	177,863
FREEPORT-MCMORAN 2,695	112,677	136,879
GE AEROSPACE 571	112,496	175,885
GENERAC HOLDINGS INC 1,000	155,322	136,370
GENERAL MOTORS 1,872	92,309	152,231
HILTON WORLDWIDE HLDG 438	112,732	125,816
HOME DEPOT 550	122,489	189,255
HOME DEPOT 850	319,998	292,485
HONEYWELL INTL INC 300	50,605	58,527
ILLINOIS TOOL WORKS INC 100	19,588	24,630
INTUITIVE SURGICAL INC 200	41,138	113,272
JOHNSON & JOHNSON 1,058	99,660	218,953
JP MORGAN CHASE & CO 1,250	147,287	402,775
JP MORGAN CHASE & CO 1,988	107,836	640,573
KINDER MORGAN INC. DEL 2,000	27,083	54,980
KKR & CO 901	99,886	114,859
LOCKHEED MARTIN CORP 200	62,014	96,734
MARVELL TECH INC 2,137	208,340	181,602
MASTERCARD INC 217	123,639	123,881
MASTERCARD INC 375	188,962	214,080
MCDONALDS CORP 480	147,468	146,702
MCDONALDS CORP 872	133,496	266,509
MERCADOLIBRE INC 100	226,147	201,426
MERCK AND CO 885	98,310	93,155
META PLATFORMS INC 350	179,163	231,032
META PLATFORMS INC CL A	243,104	270,637
MICROSOFT CORP 1200	229,832	580,344
MICROSOFT CORP 2,780	118,703	1,344,464
MONDELEZ INTL INC 1,694	109,181	91,188
MORGAN STANLEY 2,000	120,024	355,060
MORGAN STANLEY 2,539	102,525	450,749
NEXTERA ENERGY INC 1,496	89,599	120,099
NEXTERA ENERGY INC 3,750	173,212	301,050
NIKE INC CL B 500	26,100	31,855
NVDIA 3,000	384,978	559,500
NVDIA CORP 6504	747,969	1,212,996
PALANTIR TECHNOLOGIES 657	127,284	116,782
PALO ALTO NETWORKS INC 1,500	45,639	276,300
PALO ALTO NETWORKS INC 1,821	122,278	335,428
PEPSICO INC. 500	36,371	71,760
PNC FINCL SERVICES 621	106,395	129,621
PROCTER & GAMBLE CO 1,159	77,318	166,096
PROLOGIS INC 753	85,641	96,128
PROLOGIS INC 1,803	154,092	230,171
QNITY ELECTRONICS 1,101.001	65,649	89,897
QUANTA SERVICES INC 591	152,495	249,437
RTX CORP 1,451	63,393	266,113
SALESFORCE COM INC 1,135	124,792	300,673
SALESFORCE INC 657	160,883	174,046
SEMPRA 1,441	124,578	127,226
SHERWIN WILLIAMS CO 500	181,203	162,015
SOLSTICE ADVANCED MATERIALS INC 82	0	3,984
SPDR S&P MIDCAP 400 ETF TR 2,400	592,162	1,447,872
SPDR SP BIOTECH 1,518	145,668	185,090
SS SPDR SP BIOTECH 1,505	148,946	183,505
SYSCO CORP 1,579	116,424	116,357
TESLA INC 677	298,868	304,460
TESLA INC 794	244,022	355,729
TEXAS INSTRUMENTS INC 575	115,985	99,757
THERMO FISHER SCIENTIFIC INC 307	142,040	177,891
THERMO FISHER SCIENTIFIC INC 684	375,432	396,344
UBER TECHNOLOGIES 2,488	176,720	203,294
UBER TECHNOLOGIES 836	83,307	68,310
UNION PACIFIC CORP 315	74,502	72,866
UNITED PARCEL SVC INC 575	43,184	57,034
UNITEDHEALTH GROUP 249	119,624	82,197
VALERO ENRGY CORP 574	47,863	93,441
VERIZON COMM 2,000	76,720	81,460
VERTIVV HLDG 1,402	91,843	227,138
VISA INC. 1,275	84,291	447,155
VISTRA CORP 411	52,775	66,307
WALMART INC 1,692	173,018	188,506
WALMART INC 1,959	175,929	218,252
WASTE MANAGEMENT INC 1,027	160,657	225,642
WELLS FARGO & CO 1895	149,687	176,614
ZOETIS INC 200	16,922	25,164

- TIN:

TY 2025 InvestmentsGovtObligationsSch

Name:

CKENNETH & LAURA BAXTER FOUNDATIONINC

C/O EISNER ADVISORY GROUP LLC

EIN:

59-2706460

US Government Securities - End of Year Book Value:

449,578

US Government Securities - End of Year Fair Market Value:

451,681

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

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

- TIN:

TY 2025 InvestmentsOtherSchedule2

Name:

CKENNETH & LAURA BAXTER FOUNDATIONINC

C/O EISNER ADVISORY GROUP LLC

EIN:

59-2706460

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
FT BHVRI SM CAP 6,622.52	AT COST	300,000	331,921
ISHARES BITCOIN TRUST ETF 4,800	AT COST	250,892	238,320
VANGUARD FTSE DEVELOPED MARKETS 4,000	AT COST	209,414	249,880
VANGUARD FTSE EMERGING MARKETS 4,500	AT COST	211,306	241,920

- TIN:

TY 2025 LegalFeesSchedule

Name:

CKENNETH & LAURA BAXTER FOUNDATIONINC

C/O EISNER ADVISORY GROUP LLC

EIN:

59-2706460

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	2,723	1,362		1,361

- TIN:

TY 2025 OtherAssetsSchedule

Name:

CKENNETH & LAURA BAXTER FOUNDATIONINC

C/O EISNER ADVISORY GROUP LLC

EIN:

59-2706460

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DEPOSITS	3,785	3,785	3,785
DIVIDEND RECEIVABLE	9,424	7,470	7,470

- TIN:

TY 2025 OtherDecreasesSchedule

Name:

CKENNETH & LAURA BAXTER FOUNDATIONINC

C/O EISNER ADVISORY GROUP LLC

EIN:

59-2706460

Description	Amount
ADJUST COST FOR DIFFERENCE IN TRANSFERS FROM BOA TO EVERCORE	257,089

- TIN:

TY 2025 OtherExpensesSchedule

Name:

CKENNETH & LAURA BAXTER FOUNDATIONINC

C/O EISNER ADVISORY GROUP LLC

EIN:

59-2706460

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
ANNUAL REPORT	272	0	272
COMPUTER & OFFICE EXPENSE	444	0	444
MANAGEMENT EXPENSE	27,500	13,750	13,750

- TIN:

TY 2025 OtherProfessionalFeesSchedule

Name:

CKENNETH & LAURA BAXTER FOUNDATIONINC

C/O EISNER ADVISORY GROUP LLC

EIN:

59-2706460

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY & CUSTODIAN FEES	191,823	191,768		0

- TIN:

TY 2025 TaxesSchedule

Name:

CKENNETH & LAURA BAXTER FOUNDATIONINC

C/O EISNER ADVISORY GROUP LLC

EIN:

59-2706460

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXCISE TAX	99,708	0		99,708
FOREIGN TAX	1,851	1,851		0