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
SHAW FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 1532 AFT
  Room/suite
City or town
PENNINGTON
State or province
NJ
Country  
ZIP or foreign postal code
08534
A Employer identification number

47-5598132
B Telephone number (see instructions)

8888663275
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$1,244,164J 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... 38,718 38,698  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 80,466
b Gross sales price for all assets on line 6a 353,128
7 Capital gain net income (from Part IV, line 2)... 80,466
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........ 119,184 119,164  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,250 0 0 1,250
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
11,981 7,189   4,792
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,289 402   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).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 14,520 7,591 0 6,042
25 Contributions, gifts, grants paid....... 170,000 170,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 184,520 7,591 0 176,042
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -65,336
b Net investment income (if negative, enter -0-) 111,573
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............. 7,206 1,178 1,178
2 Savings and temporary cash investments......... 31,969 42,399 42,399
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts 0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......   Click to see attachment
List of Attached Documents:
// Content
682,174 		858,049
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,085,802 Click to see attachment
List of Attached Documents:
// Content
333,161 		342,538
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,124,977 1,058,912 1,244,164
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,124,977 1,058,912
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,124,977 1,058,912
30 Total liabilities and net assets/fund balances (see instructions). 1,124,977 1,058,912
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,124,977
2
Enter amount from Part I, line 27a .....................
2
-65,336
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,059,641
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
729
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
1,058,912
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 10. FIRST TRUST CLOUD COMPUTING ETF   2022-02-09 2025-01-15
b 12. GLOBAL X FUNDS SHS US INFRASTRUCTURE DEVFUND   2022-01-10 2025-01-15
c 8. ISHARES NASDAQ BIOTECH ETF   2018-05-25 2025-01-15
d 9. ISHARES TR U S INFRASTRUCTURE ETF   2023-07-19 2025-01-15
e 13. SELECT SECTOR SPDR TR MATERIALS SHS BEN INT   2022-01-10 2025-01-15
8. HEALTH CARE SELECT SPDR   2021-01-04 2025-01-15
31. HEALTH CARE SELECT SPDR   2020-05-05 2025-01-15
4. HEALTH CARE SELECT SPDR   2017-01-03 2025-01-15
2. CONSUMER DISCRETIONARY SPDR   2020-04-06 2025-01-15
7. SELECT SECTOR SPDR TR ENERGY SHS BEN INT   2023-10-17 2025-01-15
36. SECTOR SPDR INDUSTRIAL   2019-01-07 2025-01-15
5. ST STRT REAL ESTATE SLCT SCTR SPDR ETF   2022-05-12 2025-01-15
576. TRANSAMERICA INTL EQUITY FD CL I   2022-02-10 2025-01-15
22. TRANSAMERICA INTL EQUITY FD CL I   2024-01-17 2025-01-15
14. TRANSAMERICA INTL EQUITY FD CL I   2023-10-19 2025-01-15
41. TRANSAMERICA INTL EQUITY FD CL I   2022-09-28 2025-01-15
21. VANGUARD FINANCIALS ETF   2020-04-06 2025-01-15
14. FIDELITY MSCI UTILITIES INDEX   2022-07-13 2025-01-21
4. FIRST TRUST CLOUD COMPUTING ETF   2022-02-09 2025-01-21
20. GLOBAL X FUNDS SHS US INFRASTRUCTURE DEVFUND   2022-01-10 2025-01-21
7. INVESCO AEROSPACE AND DEFENSE ETF   2024-09-10 2025-01-21
6. INVESCO KBW BANK ETF   2023-04-11 2025-01-21
8. INVESCO KBW BANK ETF   2023-07-19 2025-01-21
4. ISHARES NASDAQ BIOTECH ETF   2018-05-25 2025-01-21
3. ISHARES RUSSELL 2000 VALUE INDEX FUND   2022-01-10 2025-01-21
3. ISHARES RUSSELL 2000 GROWTH INDEX FUND   2022-01-10 2025-01-21
9. ISHARES U.S. HOME CONSTRUCTION ETF   2024-02-13 2025-01-21
14. ISHARES TR U S INFRASTRUCTURE ETF   2023-07-19 2025-01-21
56. JP MORGAN SMALL CAP GROWTH FUND CL I   2022-01-10 2025-01-21
4. PACER DATA & INFRA REAL ESTATE ETF   2022-02-09 2025-01-21
4. SELECT SECTOR SPDR TR MATERIALS SHS BEN INT   2022-01-10 2025-01-21
14. HEALTH CARE SELECT SPDR   2021-01-04 2025-01-21
13. SECTOR SPDR CONSMRS STPL   2022-05-12 2025-01-21
4. CONSUMER DISCRETIONARY SPDR   2021-01-04 2025-01-21
10. CONSUMER DISCRETIONARY SPDR   2020-04-06 2025-01-21
7. SELECT SECTOR SPDR TR ENERGY SHS BEN INT   2023-10-17 2025-01-21
1. SECTOR SPDR INDUSTRIAL   2020-01-13 2025-01-21
9. SECTOR SPDR INDUSTRIAL   2019-01-07 2025-01-21
27. STE STRT COMTN SR SLCT SCTR SPDR ETF   2021-01-04 2025-01-21
3. STE STRT COMTN SR SLCT SCTR SPDR ETF   2020-04-06 2025-01-21
16. ST STRT REAL ESTATE SLCT SCTR SPDR ETF   2022-05-12 2025-01-21
4. JP MORGAN UNDSCVRD MNGRS BEHAVRL VAL FD I CL   2024-05-09 2025-01-21
12. VANECK SEMICONDUCTOR ETF   2023-04-11 2025-01-21
1. VANECK SEMICONDUCTOR ETF   2023-07-19 2025-01-21
39. VANGUARD FINANCIALS ETF   2020-04-06 2025-01-21
10. VANGUARD INFORMATION TECH ETF   2016-06-21 2025-01-21
2. VANGUARD INFORMATION TECH ETF   2016-02-17 2025-01-21
7. FIDELITY MSCI UTILITIES INDEX   2022-07-13 2025-03-12
3. ISHARES U.S. HOME CONSTRUCTION ETF   2024-02-13 2025-03-12
7. PACER DATA & INFRA REAL ESTATE ETF   2022-05-12 2025-03-12
1. PACER DATA & INFRA REAL ESTATE ETF   2022-02-09 2025-03-12
2. PACER DATA & INFRA REAL ESTATE ETF   2022-09-27 2025-03-12
15. HEALTH CARE SELECT SPDR   2021-01-04 2025-03-12
14. SECTOR SPDR CONSMRS STPL   2022-07-13 2025-03-12
4. SECTOR SPDR CONSMRS STPL   2022-05-12 2025-03-12
26. STE STRT COMTN SR SLCT SCTR SPDR ETF   2021-01-04 2025-03-12
4. ST STRT REAL ESTATE SLCT SCTR SPDR ETF   2022-05-12 2025-03-12
7. VANGUARD FINANCIALS ETF   2020-04-06 2025-03-12
2. VANGUARD INFORMATION TECH ETF   2016-06-21 2025-03-12
153. BLACKROCK EMERGING MRKTS FUND INC CL INSTL   2023-01-20 2025-03-14
108. NOMURA EMERGING MARKETS FD CL INSTL   2022-01-10 2025-03-14
21. FRANKLIN FTSE JAPAN ETF TR SHS FRANKLI   2022-04-12 2025-03-14
24. GS GQG PARTNERS INTL OPPS FD CL INSTL   2022-01-10 2025-03-14
18. HARDING LOEVNER INTL EQUITY PT FD INSTL CL   2020-08-11 2025-03-14
26. HARTFORD INTERNATIONAL VALUE FUND CL I   2025-01-15 2025-03-14
450. ISHARES US TREASURY BOND ETF   2022-07-15 2025-03-14
231. ISHARES US TREASURY BOND ETF   2022-04-12 2025-03-14
18. ISHARES US TREASURY BOND ETF   2022-02-09 2025-03-14
94. ISHARES US TREASURY BOND ETF   2022-01-10 2025-03-14
1173. JP MORGAN MORTGAGE BACKED SECS FD CL I   2024-02-15 2025-03-14
24. PEAR TREE POLARIS FOREIGN VAL FD CL INSTL   2024-05-09 2025-03-14
4. JP MORGAN UNDSCVRD MNGRS BEHAVRL VAL FD I CL   2024-05-09 2025-03-14
68. VANGUARD LONG-TERM TREASURY ETF   2023-07-21 2025-03-14
3. VANGUARD INTERMEDIATE FDS VANGUARD INTERME   2022-01-10 2025-03-14
11. ALLSPRING SPECIAL SMALL CAP VALUE FUND CL INSTL   2022-01-10 2025-03-14
117. BLACKROCK EMERGING MRKTS FUND INC CL INSTL   2023-01-20 2025-05-23
156. NOMURA EMERGING MARKETS FD CL INSTL   2022-01-10 2025-05-23
62. FRANKLIN FTSE JAPAN ETF TR SHS FRANKLI   2022-04-12 2025-05-23
83. HARTFORD INTERNATIONAL VALUE FUND CL I   2025-01-15 2025-05-23
71. ISHARES US TREASURY BOND ETF   2022-07-15 2025-05-23
127. ISHARES US TREASURY BOND ETF   2022-07-15 2025-05-23
59. ISHARES TR CORE MSCI INTL DEVELOPED MKTS   2023-01-20 2025-05-23
373. JP MORGAN MORTGAGE BACKED SECS FD CL I   2024-02-15 2025-05-23
254. PIMCO INVESTMENT GRADE CREDIT BOND FD CL I2   2022-01-10 2025-05-23
48. PIMCO INVESTMENT GRADE CREDIT BOND FD CL I2   2022-01-10 2025-05-23
364. PIMCO INTERNATIONAL BOND FD (USD HEDGED) I2   2021-01-04 2025-05-23
8. VANECK SEMICONDUCTOR ETF   2023-07-19 2025-05-23
9. VANGUARD INFORMATION TECH ETF   2016-06-21 2025-05-23
10. BLACKROCK EMERGING MRKTS FUND INC CL INSTL   2024-01-17 2025-07-10
156. BLACKROCK EMERGING MRKTS FUND INC CL INSTL   2023-01-23 2025-07-10
961. BLACKROCK EMERGING MRKTS FUND INC CL INSTL   2023-01-20 2025-07-10
130. BLACKROCK EMERGING MRKTS FUND INC CL INSTL   2025-01-21 2025-07-10
12. BLACKROCK EMERGING MRKTS FUND INC CL INSTL   2024-02-16 2025-07-10
21. BLACKROCK EMERGING MRKTS FUND INC CL INSTL   2024-02-15 2025-07-10
51. BLACKROCK EMERGING MRKTS FUND INC CL INSTL   2023-07-21 2025-07-10
26. BLACKROCK EMERGING MRKTS FUND INC CL INSTL   2023-10-19 2025-07-10
147. NOMURA EMERGING MARKETS FD CL INSTL   2022-01-10 2025-07-10
44. GS GQG PARTNERS INTL OPPS FD CL INSTL   2022-01-10 2025-07-10
32. HARDING LOEVNER INTL EQUITY PT FD INSTL CL   2020-08-11 2025-07-10
62. PEAR TREE POLARIS FOREIGN VAL FD CL INSTL   2024-05-09 2025-07-10
.36 JPMORGAN MORTGAGE-BACKED SECURITIES ETF   2024-02-15 2025-07-17
26. FIRST TRUST CLOUD COMPUTING ETF   2022-09-27 2025-08-12
7. FIRST TRUST CLOUD COMPUTING ETF   2022-02-09 2025-08-12
16. FIRST TRUST CLOUD COMPUTING ETF   2023-01-13 2025-08-12
2. FIRST TRUST CLOUD COMPUTING ETF   2025-03-12 2025-08-12
1. FIRST TRUST CLOUD COMPUTING ETF   2024-10-09 2025-08-12
6. FIRST TRUST CLOUD COMPUTING ETF   2024-02-13 2025-08-12
6. INVESCO KBW BANK ETF   2023-07-19 2025-08-12
6. ISHARES NASDAQ BIOTECH ETF   2018-05-25 2025-08-12
3. ISHARES NASDAQ BIOTECH ETF   2022-01-10 2025-08-12
37. ISHARES U.S. HOME CONSTRUCTION ETF   2024-02-13 2025-08-12
3. SELECT SECTOR SPDR TR MATERIALS SHS BEN INT   2022-01-10 2025-08-12
72. HEALTH CARE SELECT SPDR   2021-01-04 2025-08-12
20. SECTOR SPDR CONSMRS STPL   2022-07-13 2025-08-12
31. SELECT SECTOR SPDR TR ENERGY SHS BEN INT   2024-01-17 2025-08-12
42. SELECT SECTOR SPDR TR ENERGY SHS BEN INT   2023-10-17 2025-08-12
285. CULLEN EMERGING MARKETS HIGH DIVIDEND FD CL I   2025-07-10 2025-09-11
134. NOMURA EMERGING MARKETS FD CL INSTL   2022-01-10 2025-09-11
11. FIDELITY MSCI UTILITIES INDEX   2022-07-13 2025-09-11
11. FIRST TR NASDAQ CYBERSECURITY ETF   2025-08-12 2025-09-11
101. FRANKLIN FTSE JAPAN ETF TR SHS FRANKLI   2022-04-12 2025-09-11
29. GLOBAL X FUNDS SHS US INFRASTRUCTURE DEVFUND   2022-01-10 2025-09-11
29. GS GQG PARTNERS INTL OPPS FD CL INSTL   2022-01-10 2025-09-11
42. HARDING LOEVNER INTL EQUITY PT FD INSTL CL   2020-08-11 2025-09-11
65. HARTFORD INTERNATIONAL VALUE FUND CL I   2025-01-15 2025-09-11
8. INVESCO AEROSPACE AND DEFENSE ETF   2024-09-10 2025-09-11
31. INVESCO KBW BANK ETF   2023-07-19 2025-09-11
6. ISHARES NASDAQ BIOTECH ETF   2022-01-10 2025-09-11
3. ISHARES RUSSELL 2000 VALUE INDEX FUND   2022-01-10 2025-09-11
11. ISHARES U.S. HOME CONSTRUCTION ETF   2024-09-10 2025-09-11
4. ISHARES U.S. HOME CONSTRUCTION ETF   2024-02-13 2025-09-11
135. ISHARES US TREASURY BOND ETF   2022-07-15 2025-09-11
45. ISHARES TR CORE MSCI INTL DEVELOPED MKTS   2023-01-20 2025-09-11
17. ISHARES TR U S INFRASTRUCTURE ETF   2023-07-19 2025-09-11
39. ISH USD HIGH YIELD CORPORATE BOND ETF SH   2023-01-18 2025-09-11
81. JPMORGAN MORTGAGE-BACKED SECURITIES ETF   2024-02-15 2025-09-11
28. JP MORGAN SMALL CAP GROWTH FUND CL I   2022-01-10 2025-09-11
37. PEAR TREE POLARIS FOREIGN VAL FD CL INSTL   2024-05-09 2025-09-11
323. PIMCO INVESTMENT GRADE CREDIT BOND FD CL I2   2022-01-10 2025-09-11
6. SELECT SECTOR SPDR TR MATERIALS SHS BEN INT   2022-01-10 2025-09-11
18. HEALTH CARE SELECT SPDR   2021-01-04 2025-09-11
9. HEALTH CARE SELECT SPDR   2022-04-12 2025-09-11
9. HEALTH CARE SELECT SPDR   2022-05-12 2025-09-11
15. SECTOR SPDR CONSMRS STPL   2022-07-13 2025-09-11
13. CONSUMER DISCRETIONARY SPDR   2021-01-04 2025-09-11
14. CONSUMER DISCRETIONARY SPDR   2022-01-10 2025-09-11
7. SELECT SECTOR SPDR TR ENERGY SHS BEN INT   2024-07-16 2025-09-11
1. SELECT SECTOR SPDR TR ENERGY SHS BEN INT   2024-01-17 2025-09-11
11. SECTOR SPDR INDUSTRIAL   2020-04-06 2025-09-11
3. SECTOR SPDR INDUSTRIAL   2020-01-13 2025-09-11
60. STE STRT COMTN SR SLCT SCTR SPDR ETF   2021-01-04 2025-09-11
24. ST STRT REAL ESTATE SLCT SCTR SPDR ETF   2022-05-12 2025-09-11
16. VANECK SEMICONDUCTOR ETF   2023-07-19 2025-09-11
57. VANGUARD FINANCIALS ETF   2020-04-06 2025-09-11
8. VANGUARD INFORMATION TECH ETF   2020-04-06 2025-09-11
11. VANGUARD INFORMATION TECH ETF   2016-06-21 2025-09-11
27. VANGUARD INTERMEDIATE FDS VANGUARD INTERME   2022-01-10 2025-09-11
21. ALLSPRING SPECIAL SMALL CAP VALUE FUND CL INSTL   2022-01-10 2025-09-11
7. ALLSPRING SPECIAL SMALL CAP VALUE FUND CL INSTL   2022-01-10 2025-09-11
18. ALLSPRING SMALL COMPANY GROWTH FUND CL INSTL   2022-01-10 2025-09-11
93. CULLEN EMERGING MARKETS HIGH DIVIDEND FD CL I   2025-07-10 2025-09-25
75. NOMURA EMERGING MARKETS FD CL INSTL   2022-01-10 2025-09-25
47. NOMURA EMERGING MARKETS FD CL INSTL   2022-02-10 2025-09-25
5. INVESCO KBW BANK ETF   2023-07-19 2025-09-25
2. ISHARES RUSSELL 2000 GROWTH INDEX FUND   2022-01-10 2025-09-25
4. CONSUMER DISCRETIONARY SPDR   2022-01-10 2025-09-25
15. STE STRT COMTN SR SLCT SCTR SPDR ETF   2021-01-04 2025-09-25
8. VANECK SEMICONDUCTOR ETF   2023-07-19 2025-09-25
5. VANGUARD FINANCIALS ETF   2020-04-06 2025-09-25
7. VANGUARD INFORMATION TECH ETF   2021-01-04 2025-09-25
4. FRANKLIN FTSE JAPAN ETF TR SHS FRANKLI   2022-04-12 2025-09-30
7. GS GQG PARTNERS INTL OPPS FD CL INSTL   2022-01-10 2025-09-30
13. HARDING LOEVNER INTL EQUITY PT FD INSTL CL   2020-08-11 2025-09-30
12. HARTFORD INTERNATIONAL VALUE FUND CL I   2025-01-15 2025-09-30
8. ISHARES TR CORE MSCI INTL DEVELOPED MKTS   2023-01-20 2025-09-30
14. JP MORGAN SMALL CAP GROWTH FUND CL I   2022-01-10 2025-09-30
11. PEAR TREE POLARIS FOREIGN VAL FD CL INSTL   2024-05-09 2025-09-30
2. ALLSPRING SMALL COMPANY GROWTH FUND CL INSTL   2022-01-10 2025-09-30
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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    
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    
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 1,209   961 248
b 505   335 170
c 1,067   860 207
d 426   360 66
e 1,125   1,145 -20
1,123   897 226
4,354   3,100 1,254
562   279 283
452   196 256
645   636 9
4,874   2,377 2,497
202   209 -7
11,745   12,108 -363
449   429 20
285   257 28
836   631 205
2,531   1,054 1,477
722   625 97
499   384 115
876   558 318
862   768 94
422   252 170
562   360 202
544   430 114
508   493 15
904   815 89
991   918 73
689   559 130
1,244   1,259 -15
122   151 -29
358   352 6
1,989   1,570 419
1,006   979 27
921   636 285
2,304   979 1,325
656   636 20
140   83 57
1,264   594 670
2,660   1,789 871
296   132 164
667   667  
349   333 16
3,169   1,537 1,632
264   160 104
4,827   1,958 2,869
6,334   1,085 5,249
1,267   200 1,067
350   313 37
289   306 -17
212   238 -26
30   38 -8
61   59 2
2,176   1,683 493
1,122   1,009 113
321   301 20
2,511   1,723 788
166   167 -1
806   351 455
1,119   217 902
3,765   3,758 7
2,351   2,607 -256
631   538 93
506   470 36
474   437 37
526   463 63
10,278   10,782 -504
5,276   5,646 -370
411   463 -52
2,147   2,447 -300
11,988   11,765 223
572   573 -1
319   333 -14
3,881   4,287 -406
244   274 -30
418   482 -64
2,939   2,874 65
3,549   3,766 -217
1,934   1,588 346
1,775   1,477 298
1,606   1,701 -95
2,872   3,043 -171
4,385   3,547 838
3,771   3,741 30
2,250   2,656 -406
425   502 -77
3,578   4,040 -462
1,890   1,279 611
5,348   976 4,372
264   229 35
4,123   3,864 259
25,399   23,602 1,797
3,436   3,094 342
317   285 32
555   497 58
1,348   1,233 115
687   574 113
3,959   3,549 410
998   861 137
905   776 129
1,670   1,480 190
18   18  
3,103   1,595 1,508
835   673 162
1,909   958 951
239   214 25
119   104 15
716   558 158
444   270 174
799   645 154
399   420 -21
3,881   3,774 107
267   264 3
9,408   8,076 1,332
1,652   1,442 210
2,639   2,493 146
3,575   3,817 -242
4,358   4,041 317
3,835   3,235 600
603   491 112
834   793 41
3,543   2,587 956
1,368   809 559
661   568 93
1,250   1,019 231
1,565   1,156 409
1,202   878 324
2,417   1,393 1,024
856   840 16
530   493 37
1,273   1,297 -24
463   408 55
3,133   3,235 -102
3,594   2,705 889
887   679 208
1,470   1,401 69
4,145   3,963 182
608   630 -22
1,024   883 141
2,991   3,377 -386
552   529 23
2,511   2,019 492
1,255   1,250 5
1,255   1,134 121
1,209   1,082 127
3,077   2,066 1,011
3,314   2,742 572
624   643 -19
89   80 9
1,682   652 1,030
459   249 210
6,889   3,976 2,913
1,017   1,001 16
4,884   2,558 2,326
7,516   2,862 4,654
5,766   1,709 4,057
7,928   1,193 6,735
2,281   2,463 -182
843   920 -77
281   307 -26
659   779 -120
1,444   1,319 125
2,270   1,811 459
1,423   1,138 285
392   225 167
631   543 88
948   784 164
1,757   994 763
2,567   1,279 1,288
653   251 402
5,149   2,439 2,710
138   102 36
159   137 22
392   315 77
289   213 76
639   481 158
305   315 -10
306   263 43
72   87 -15
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
      6,463
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       248
b       170
c       207
d       66
e       -20
      226
      1,254
      283
      256
      9
      2,497
      -7
      -363
      20
      28
      205
      1,477
      97
      115
      318
      94
      170
      202
      114
      15
      89
      73
      130
      -15
      -29
      6
      419
      27
      285
      1,325
      20
      57
      670
      871
      164
       
      16
      1,632
      104
      2,869
      5,249
      1,067
      37
      -17
      -26
      -8
      2
      493
      113
      20
      788
      -1
      455
      902
      7
      -256
      93
      36
      37
      63
      -504
      -370
      -52
      -300
      223
      -1
      -14
      -406
      -30
      -64
      65
      -217
      346
      298
      -95
      -171
      838
      30
      -406
      -77
      -462
      611
      4,372
      35
      259
      1,797
      342
      32
      58
      115
      113
      410
      137
      129
      190
       
      1,508
      162
      951
      25
      15
      158
      174
      154
      -21
      107
      3
      1,332
      210
      146
      -242
      317
      600
      112
      41
      956
      559
      93
      231
      409
      324
      1,024
      16
      37
      -24
      55
      -102
      889
      208
      69
      182
      -22
      141
      -386
      23
      492
      5
      121
      127
      1,011
      572
      -19
      9
      1,030
      210
      2,913
      16
      2,326
      4,654
      4,057
      6,735
      -182
      -77
      -26
      -120
      125
      459
      285
      167
      88
      164
      763
      1,288
      402
      2,710
      36
      22
      77
      76
      158
      -10
      43
      -15
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 80,466
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 1,551
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 1,551
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 1,551
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 828
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.............. 7 828
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....... 9 723
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)
NV
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website address  
14
The books are in care ofBANK OF AMERICA NA Telephone no. (888) 866-3275

Located atPO BOX 1532 AFTPENNINGTONNJ ZIP+408534
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JEFFREY SHAW TRUSTEE
2 		0    
PO BOX 371787
LAS VEGAS,NV89137
CYNTHIA SHAW TRUSTEE
2 		0    
PO BOX 371787
LAS VEGAS,NV89137
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
1,227,168
b
Average of monthly cash balances.......................
1b
18,707
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
1,245,875
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
1,245,875
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
18,688
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,227,187
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
61,359
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
61,359
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
1,551
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,551
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
59,808
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
59,808
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
59,808
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
176,042
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
176,042
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 59,808
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...... 115,841
b From 2021...... 89,272
c From 2022...... 0
d From 2023...... 99,970
e From 2024...... 16,101
f Total of lines 3a through e ........ 321,184
4Qualifying distributions for 2025 from Part
XI, line 4: $ 176,042
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..... 59,808
e Remaining amount distributed out of corpus 116,234
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 5 437,418
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) ... 		115,841
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		321,577
10 Analysis of line 9:
a Excess from 2021 .... 89,272
b Excess from 2022 .... 0
c Excess from 2023 .... 99,970
d Excess from 2024 .... 16,101
e Excess from 2025 .... 116,234
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2025)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

OPEN DOOR INTERNATIONAL

885 S OAK DRIVE
WOODLAND HLS,UT84653 		N/A   UNRESTRICTED GENERAL 100,000

INTERPRETER FOUNDATION

152 WESTVIEW DRIVE
OREM,UT840587472 		N/A   UNRESTRICTED GENERAL 35,000

BRIGHAM YOUNG UNIVERSITY

A-153 ASB
PROVO,UT846021128 		N/A   UNRESTRICTED GENERAL 10,000

LDS PHILANTHROPIES

50 E NORTH TEMPLE
SALT LAKE CITY,UT84150 		N/A   UNRESTRICTED GENERAL 25,000
Total ................................. 3a 170,000
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 38,718  
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 80,466  
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) ..   119,184  
13Total. Add line 12, columns (b), (d), and (e)..................
13
119,184
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
SHAW FAMILY FOUNDATION
EIN:
47-5598132
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE 1,250     1,250

TY 2025 InvestmentsCorpStockSchedule
Name:
SHAW FAMILY FOUNDATION
EIN:
47-5598132
Name of Stock End of Year Book Value End of Year Fair Market Value
46137V100 INVESCO AEROSPACE AN 8,977 12,217
81369Y407 STATE STRT CONS DSRY 32,808 46,331
46429B267 ISHARES US TREASURY 127,759 126,338
81369Y100 ST STRT MATERIALS SL 3,664 3,900
81369Y860 ST STRT REAL ESTATE 7,929 8,514
464287630 ISHARES RS 2000 VALU 6,037 6,705
464288752 ISHARES U.S. HOME CO 7,662 6,837
46435G326 ISHARES TR CORE MSCI 28,099 37,198
46654Q575 JPMORGAN MORTGAGE-BA 108,205 112,996
46138E628 INVESCO KBW BANK ETF 10,694 16,099
69374H741 PACER DATA & INFRA R 715 687
92206C847 VANGUARD LONG-TERM T 5,224 4,743
92189F676 VANECK SEMICONDUCTOR 26,425 43,216
81369Y704 ST STRT INDUSTRIAL S 14,893 23,733
37954Y673 GLOBAL X FUNDS SHS U 8,281 11,804
46435U853 ISH USD HIGH YIELD C 22,974 23,409
464287648 ISHARES RS 2000 GROW 4,202 5,491
92206C870 VANGUARD INTERMEDIAT 31,481 30,401
81369Y308 ST STRT CONSUMER STA 18,741 19,731
35473P744 FRANKLIN FTSE JAPAN 16,929 19,740
316092865 FIDELITY MSCI UTILIT 7,536 8,393
464287556 ISHARES BIOTECHNOLOG 5,253 6,751
81369Y852 STE STRT COMTN SR SL 26,352 47,088
92204A702 VANGUARD INFORMATION 63,304 120,605
92204A405 VANGUARD FINANCIALS 40,567 61,138
46435U713 ISHARES TR U S INFRA 7,232 8,419
81369Y506 ST STRT ENERGY SLCT 4,791 4,829
81369Y209 ST STRT HEALTH CARE 30,108 35,449
33734X846 FIRST TR NASDAQ CYBE 5,332 5,287

TY 2025 InvestmentsOtherSchedule2
Name:
SHAW FAMILY FOUNDATION
EIN:
47-5598132
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
81369Y100 MATERIALS SELECT SEC      
92204A405 VANGUARD FINANCIALS      
81369Y308 CONSUMER STAPLES SEL      
81369Y704 INDUSTRIAL SELECT SE      
81369Y506 ENERGY SELECT SECTOR      
92204A702 VANGUARD INFORMATION      
81369Y407 CONSUMER DISCRETIONA      
81369Y209 HEALTH CARE SELECT S      
464287556 ISHARES NASDAQ BIOTE      
81369Y860 REAL ESTATE SELECT S      
09251J402 BLACKROCK EMERGING M      
81369Y852 COMM SERVICES SELECT      
72201M784 PIMCO INTERNATIONAL AT COST 78,987 75,292
412295107 HARDING LOEVNER INTL AT COST 11,406 11,330
33734X192 FIRST TRUST CLOUD CO      
316092865 FIDELITY MSCI UTILIT      
69374H741 PACER BENCHMARK DATA      
94975P447 ALLSPRING SPECIAL SM AT COST 14,368 12,199
92189F676 VANECK VECTORS SEMIC      
4812C0571 JP MORGAN SMALL CAP AT COST 10,806 11,218
949921571 ALLSPRING SMALL COMP AT COST 10,179 9,277
38147N293 GS GQG PARTNERS INTL AT COST 11,265 12,920
46429B267 ISHARES US TREASURY      
245914817 NOMURA EMERGING MARK AT COST 23,366 35,933
37954Y673 GLOBAL X FUNDS SHS U      
46435U853 ISH USD HIGH YIELD      
92206C870 VANGUARD INTRMDIATE-      
464287630 ISHARES RUSSELL 2000      
35473P744 FRANKLIN TEMPLETON E      
72201M685 PIMCO INVESTMENT GRA AT COST 99,769 91,604
893509224 TRANSAMERICA INTERNA      
464287648 ISHARES RUSSELL 2000      
46138E628 INVESCO KBW BANK ETF      
46435G326 ISHARES CORE MSCI IN      
46435U713 ISHARES TR      
92206C847 VANGUARD LONG-TERM T      
46137V100 INVESCO AEROSPACE &      
464288752 ISHARES U.S. HOME CO      
4812C1215 JPMORGAN MORTGAGE-BA      
70472Q807 PEAR TREE POLARIS FO AT COST 11,854 14,032
904504495 JP MORGAN UNDSCVRD M AT COST 12,659 11,835
41664M631 HARTFORD INTERNATION AT COST 11,016 14,882
09248U213 BLACKROCK LIQUIDITY AT COST 6,239 6,239
230001752 CULLEN EMERGING MARK AT COST 31,247 35,777

TY 2025 OtherDecreasesSchedule
Name:
SHAW FAMILY FOUNDATION
EIN:
47-5598132
Description Amount
INCOME ADJUSTMENT 454
WASH SALES ADJUSTMENT 198
RECOVERY ADJUSTMENT 77


TY 2025 OtherProfessionalFeesSchedule
Name:
SHAW FAMILY FOUNDATION
EIN:
47-5598132
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MGMT FEES - BOA 11,981 7,189   4,792


TY 2025 TaxesSchedule
Name:
SHAW FAMILY FOUNDATION
EIN:
47-5598132
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX - PRIOR YEAR 59 0   0
FEDERAL ESTIMATES - PRINCIPAL 828 0   0
FOREIGN TAXES ON QUALIFIED FOR 327 327   0
FOREIGN TAXES ON NONQUALIFIED 75 75   0