TY 2025 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	58,835	58,195
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		103,625
b	Gross sales price for all assets on line 6a 610,232
7	Capital gain net income (from Part IV, line 2)...		103,625
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).......	List of Attached Documents: // Content	-2,794	-2,794
12	Total. Add lines 1 through 11........	159,666	159,026
	13	Compensation of officers, directors, trustees, etc.	33,199	24,899		8,300
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).......	List of Attached Documents: // Content	1,786	0	0	1,786
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	5,081	2,645		2,436
17	Interest...............				0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	2,362	1,081		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).......	List of Attached Documents: // Content	216	216
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	42,644	28,841	0	12,522
25	Contributions, gifts, grants paid.......	101,000			101,000
26	Total expenses and disbursements. Add lines 24 and 25 ................	143,644	28,841	0	113,522
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	16,022
b	Net investment income (if negative, enter -0-)		130,185
c	Adjusted net income (if negative, enter -0-)...			0

(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	3. SBA COMMUNICATIONS CORP		2024-02-29	2025-01-23
b	11. TERRENO REALTY CORP			2025-01-23
c	25. BROADCOM INC		2019-07-25	2025-01-28
d	10. ELI LILLY & CO COM		2016-10-14	2025-01-28
e	28. BROADSTONE NET LEASE INC			2025-02-05
	16. NNN REIT INC			2025-02-18
	26. NNN REIT INC		2024-02-16	2025-02-18
	4. WELLTOWER INC			2025-02-18
	16. LINEAGE INC			2025-03-03
	10. TERRENO REALTY CORP		2024-04-24	2025-03-03
	13. TERRENO REALTY CORP			2025-03-03
	19. VENTAS INC COM			2025-04-17
	5. WELLTOWER INC			2025-04-17
	144. CELANESE CORP			2025-04-30
	90. TARGET CORP			2025-04-30
	106. UNITED PARCEL SERVICE-CL B			2025-04-30
	11. MARRIOTT VACATIONS WORLDWIDE C			2025-05-05
	13. VICI PROPERTIES INC			2025-05-05
	98. BROADSTONE NET LEASE INC			2025-06-06
	26. AMERICAN HEALTHCARE REIT INC		2024-02-07	2025-06-06
	2. DIGITAL RLTY TR INC		2022-10-17	2025-06-27
	61. AMERICOLD REALTY TRUST INC		2023-12-22	2025-07-11
	30. BROADCOM INC		2019-07-25	2025-07-11
	82. SUNSTONE HOTEL INVS INC NEW		2024-12-27	2025-07-11
	15. UNITEDHEALTH GROUP INC			2025-07-11
	14. AMERICAN HOMES 4 RENT			2025-07-14
	106. AMERICAN HOMES 4 RENT			2025-07-14
	4. AMERICAN TOWER CORP			2025-07-14
	72. AMERICAN TOWER CORP			2025-07-14
	23. AMERICOLD REALTY TRUST INC		2025-03-03	2025-07-14
	59. AMERICOLD REALTY TRUST INC			2025-07-14
	37. AVALONBAY CMNTYS INC			2025-07-14
	15. COUSINS PROPERTIES INC		2024-12-27	2025-07-14
	77. COUSINS PROPERTIES INC			2025-07-14
	4. DIGITAL RLTY TR INC			2025-07-14
	27. DIGITAL RLTY TR INC			2025-07-14
	9. EASTGROUP PPTYS INC COM		2025-03-03	2025-07-14
	2. EQUINIX INC			2025-07-14
	13. EQUINIX INC			2025-07-14
	41. EQUITY LIFESTYLE PPTYS INC			2025-07-14
	9. EQUITY RESIDENTIAL PPTYS TR SH BEN			2025-07-14
	48. EQUITY RESIDENTIAL PPTYS TR SH BEN			2025-07-14
	1. ESSEX PPTY TR COM		2025-01-23	2025-07-14
	10. ESSEX PPTY TR COM			2025-07-14
	2. EXTRA SPACE STORAGE INC			2025-07-14
	48. EXTRA SPACE STORAGE INC			2025-07-14
	60. GAMING AND LEISURE PROPE-W/I			2025-07-14
	29. AMERICAN HEALTHCARE REIT INC			2025-07-14
	36. AMERICAN HEALTHCARE REIT INC		2024-02-07	2025-07-14
	248. HEALTHPEAK PROPERTIES INC			2025-07-14
	263. HUDSON PACIFIC PROPERTIES INC		2025-06-27	2025-07-14
	7. HYATT HOTELS CORP		2025-07-11	2025-07-14
	26. INVENTRUST PROPERTIES CORP			2025-07-14
	27. INVENTRUST PROPERTIES CORP			2025-07-14
	152. INVITATION HOMES INC			2025-07-14
	19. IRON MOUNTAIN INC		2025-04-17	2025-07-14
	37. KILROY REALTY CORP COM			2025-07-14
	4. NATIONAL HEALTH INVS INC		2025-04-17	2025-07-14
	19. NATIONAL HEALTH INVS INC			2025-07-14
	44. NETSTREIT CORP			2025-07-14
	53. NETSTREIT CORP			2025-07-14
	78. PROLOGIS INC			2025-07-14
	80. REGENCY CENTERS CORP			2025-07-14
	14. REXFORD INDUSTRIAL REALTY INC			2025-07-14
	68. REXFORD INDUSTRIAL REALTY INC			2025-07-14
	9. RYMAN HOSPITALITY PROPERTIES			2025-07-14
	17. RYMAN HOSPITALITY PROPERTIES			2025-07-14
	22. SBA COMMUNICATIONS CORP			2025-07-14
	15. SABRA HEALTH CARE REIT -		2024-08-22	2025-07-14
	162. SABRA HEALTH CARE REIT -			2025-07-14
	8. SAUL CTRS INC COM			2025-07-14
	16. SIMON PROPERTY GROUP INC		2025-02-18	2025-07-14
	8. SIMON PROPERTY GROUP INC			2025-07-14
	2. VENTAS INC COM		2025-06-06	2025-07-14
	135. VENTAS INC COM			2025-07-14
	167. VICI PROPERTIES INC			2025-07-14
	51. VORNADO REALTY TRUST			2025-07-14
	79. WELLTOWER INC			2025-07-14
	43. WEYERHAEUSER CO			2025-07-14
	3076.261 INV OPP DEVELOP MRKTS-R6 7038			2025-07-29
	4427.097 DODGE & COX INCOME FD COM #147			2025-07-29
	6784.026 TCW METWEST TOTAL RETUR BF-P 5776			2025-07-29
	924.567 PIMCO LOW DURATION FD I #36		2016-03-21	2025-07-29
	3760.282 PIMCO HIGH YIELD FD-INST #108		2020-06-25	2025-07-29
	28. ADOBE SYS INC		2025-01-28	2025-10-24
	25. ALPHABET INC CL C		2017-11-10	2025-10-24
	28. BOEING CO			2025-10-24
	46. BROADCOM INC		2019-07-25	2025-10-24
	225. COGNIZANT TECH SOLUTIONS CRP COM			2025-10-24
	88. LAM RESH CORP		2018-12-06	2025-10-24
	100. STARBUCKS CORP COM		2023-08-08	2025-10-24
	36. UNITEDHEALTH GROUP INC			2025-10-24
	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		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	595	630	-35
b	711	494	217
c	5,099	753	4,346
d	8,076	796	7,280
e	439	493	-54
	653	664	-11
	1,061	1,079	-18
	602	255	347
	962	1,371	-409
	677	449	228
	880	584	296
	1,293	1,049	244
	738	319	419
	6,388	8,894	-2,506
	8,656	4,923	3,733
	10,050	9,887	163
	656	1,856	-1,200
	416	314	102
	1,581	1,713	-132
	916	441	475
	342	241	101
	1,012	1,654	-642
	8,213	904	7,309
	751	986	-235
	4,528	1,496	3,032
	503	347	156
	3,806	2,624	1,182
	884	824	60
	15,917	14,830	1,087
	381	625	-244
	978	1,599	-621
	7,487	5,825	1,662
	436	478	-42
	2,238	2,454	-216
	678	482	196
	4,577	3,254	1,323
	1,519	1,669	-150
	1,518	1,246	272
	9,864	8,102	1,762
	2,539	2,815	-276
	602	611	-9
	3,212	3,260	-48
	287	199	88
	2,866	1,993	873
	301	223	78
	7,218	5,342	1,876
	2,877	3,090	-213
	1,083	487	596
	1,345	605	740
	4,580	4,951	-371
	749	699	50
	1,056	1,059	-3
	710	703	7
	738	730	8
	4,924	3,281	1,643
	1,865	1,612	253
	1,374	2,412	-1,038
	287	218	69
	1,361	1,032	329
	769	768	1
	927	925	2
	8,486	4,555	3,931
	5,555	4,832	723
	518	679	-161
	2,518	3,297	-779
	926	956	-30
	1,748	1,805	-57
	5,097	4,619	478
	283	223	60
	3,052	2,407	645
	278	280	-2
	2,591	2,600	-9
	1,295	1,300	-5
	131	111	20
	8,815	7,466	1,349
	5,584	4,031	1,553
	1,976	2,003	-27
	12,439	5,036	7,403
	1,113	1,435	-322
	131,972	112,283	19,689
	56,003	62,815	-6,812
	57,664	71,389	-13,725
	8,598	8,989	-391
	30,421	32,000	-1,579
	9,942	12,410	-2,468
	6,546	1,283	5,263
	6,197	6,922	-725
	16,323	1,386	14,937
	15,333	13,073	2,260
	13,405	1,259	12,146
	8,611	10,056	-1,445
	13,119	1,488	11,631
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942
			15,942

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			-35
b			217
c			4,346
d			7,280
e			-54
			-11
			-18
			347
			-409
			228
			296
			244
			419
			-2,506
			3,733
			163
			-1,200
			102
			-132
			475
			101
			-642
			7,309
			-235
			3,032
			156
			1,182
			60
			1,087
			-244
			-621
			1,662
			-42
			-216
			196
			1,323
			-150
			272
			1,762
			-276
			-9
			-48
			88
			873
			78
			1,876
			-213
			596
			740
			-371
			50
			-3
			7
			8
			1,643
			253
			-1,038
			69
			329
			1
			2
			3,931
			723
			-161
			-779
			-30
			-57
			478
			60
			645
			-2
			-9
			-5
			20
			1,349
			1,553
			-27
			7,403
			-322
			19,689
			-6,812
			-13,725
			-391
			-1,579
			-2,468
			5,263
			-725
			14,937
			2,260
			12,146
			-1,445
			11,631

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	103,625
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

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	1,810
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	1,810
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	1,810
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	988
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	988
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	822
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.

(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
WELLS FARGO BANK N A	TRUSTEE 1	33,199
100 N MAIN ST FL 5D4001-052 WINSTON SALEM,NC27101

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

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

		(a) Corpus	(b) Years prior to 2024	(c) 2024	(d) 2025
1 Distributable amount for 2025 from Part X, line 7					118,579
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				87,448
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2025:
a From 2020......	0
b From 2021......	0
c From 2022......	0
d From 2023......	0
e From 2024......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 113,522
a Applied to 2024, but not more than line 2a				87,448
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.....					26,074
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 ..........					92,505
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 ....	0
b Excess from 2022 ....	0
c Excess from 2023 ....	0
d Excess from 2024 ....	0
e Excess from 2025 ....	0

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

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:

3 Grants and Contributions Paid During the Year or Approved for Future Payment
aPaid during the year
FRIENDS OF THE PUBLIC LIBRARY OF 108 EAST 10TH STREET ANNISTON,AL36201	NONE	GENERAL OPERATING	5,000
ALL SAINTS INTERFAITH CENTER 1513 NOBLE ST ANNISTON,AL36201	NONE	GENERAL OPERATING	4,250
COMMUNITY ENABLER DEVELOPERS INC 104 F ST ANNISTON,AL362016058	NONE	GENERAL OPERATING	4,000
INTERFAITH MINISTRIES CALHOUN CNTY AL 1431 GURNEE AVENUE ANNISTON,AL36201	NONE	GENERAL OPERATING	5,000
ANNISTON SOUP BOWL INC PO BOX 2072 ANNISTON,AL362022072	NONE	GENERAL OPERATING	3,000
ST MICHAELS MEDICAL CLINIC 426 MULBERRY AVE ANNISTON,AL36201	NONE	GENERAL OPERATING	4,000
TEMPLE BETH EL 70 ORCHARD AVE PROVIDENCE,RI02906	NONE	GENERAL OPERATING	75,750
Total ................................. 3a	101,000

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.)

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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.............	149
	2	Savings and temporary cash investments.........	24,304	124,391	124,391
	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).......	386,797	List of Attached Documents: // Content 445,280	1,279,675
	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)..........	1,117,147	List of Attached Documents: // Content 973,078	1,188,266
	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)	1,528,397	1,542,749	2,592,332
	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
		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........	1,528,397	1,542,749
	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).....	1,528,397	1,542,749
	30	Total liabilities and net assets/fund balances (see instructions).	1,528,397	1,542,749

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

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 ...........
4 Dividends and interest from securities ....			14	58,835
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	103,625
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aPARTNERSHIP/S-CORP			1	-2,794
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				159,666

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.

Name of Stock	End of Year Book Value	End of Year Fair Market Value
037833100 APPLE INC	5,059	114,181
609207105 MONDELEZ INTERNATION	12,093	14,534
H2906T109 GARMIN LTD	9,085	16,228
17275R102 CISCO SYSTEMS INC	7,609	28,270
56501R106 MANULIFE FINANCIAL C	9,595	28,298
46625H100 JPMORGAN CHASE & CO	10,202	57,677
58933Y105 MERCK & CO INC NEW	9,662	19,157
437076102 HOME DEPOT INC	8,400	19,270
867224107 SUNCOR ENERGY INC NE	13,496	26,394
911312106 UNITED PARCEL SERVIC
594918104 MICROSOFT CORP	10,419	125,741
907818108 UNION PACIFIC CORP	7,285	26,370
11135F101 BROADCOM INC	5,996	68,874
883556102 THERMO FISHER SCIENT	3,729	27,234
172967424 CITIGROUP INC.	9,716	26,255
192446102 COGNIZANT TECH SOLUT
150870103 CELANESE CORP
91324P102 UNITEDHEALTH GROUP I	745	6,272
87612E106 TARGET CORP
02079K107 ALPHABET INC CL C	10,459	117,675
532457108 ELI LILLY & CO COM	3,449	51,585
097023105 BOEING CO	2,233	6,948
G29183103 EATON CORP PLC	6,312	17,518
57164Y107 MARRIOTT VACATIONS W
89151E109 TOTALENERGIES SE -SP
09857L108 BOOKING HOLDINGS INC	11,383	26,777
92826C839 VISA INC-CLASS A SHR	11,905	19,289
94106L109 WASTE MANAGEMENT INC	12,480	17,577
007903107 ADVANCED MICRO DEVIC	10,160	19,274
09260D107 BLACKSTONE INC	13,141	20,038
30303M102 META PLATFORMS INC	15,037	46,206
75513E101 RTX CORP	13,094	29,344
855244109 STARBUCKS CORP COM
023135106 AMAZON COM INC COM	41,028	45,933
09290D101 BLACKROCK INC	6,909	25,688
512807306 LAM RESH CORP	3,749	44,849
580135101 MCDONALDS CORP	15,142	15,282
7591EP100 REGIONS FINL CORP NE	12,067	16,260
904767704 UNILEVER PLC - ADR
G87052109 TE CONNECTIVITY PLC	8,715	28,439
43300A203 HILTON WORLDWIDE HOL	6,180	6,607
49338L103 KEYSIGHT TECHNOLOGIE	9,704	11,582
620076307 MOTOROLA SOLUTIONS,	13,106	11,500
64110L106 NETFLIX INC	15,621	13,126
67066G104 NVIDIA CORP	17,067	17,158
90353T100 UBER TECHNOLOGIES IN	21,018	17,976
904767803 UNILEVER PLC ADR	9,677	11,627
931142103 WALMART INC	6,158	6,462
98419M100 XYLEM INC/NY	12,587	11,575
F92124100 TOTALENERGIES SE	13,808	17,991
N5505D105 MAGNUM ICE CREAM CO		634


(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

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
FRIENDS OF THE PUBLIC LIBRARY OF 108 EAST 10TH STREET ANNISTON,AL36201	NONE		GENERAL OPERATING	5,000
ALL SAINTS INTERFAITH CENTER 1513 NOBLE ST ANNISTON,AL36201	NONE		GENERAL OPERATING	4,250
COMMUNITY ENABLER DEVELOPERS INC 104 F ST ANNISTON,AL362016058	NONE		GENERAL OPERATING	4,000
INTERFAITH MINISTRIES CALHOUN CNTY AL 1431 GURNEE AVENUE ANNISTON,AL36201	NONE		GENERAL OPERATING	5,000
ANNISTON SOUP BOWL INC PO BOX 2072 ANNISTON,AL362022072	NONE		GENERAL OPERATING	3,000
ST MICHAELS MEDICAL CLINIC 426 MULBERRY AVE ANNISTON,AL36201	NONE		GENERAL OPERATING	4,000
TEMPLE BETH EL 70 ORCHARD AVE PROVIDENCE,RI02906	NONE		GENERAL OPERATING	75,750
Total ................................. 3a				101,000

bApproved for future payment

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

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
30225T102 EXTRA SPACE STORAGE
92206C409 VANGUARD S/T CORP BO	AT COST	100,065	100,938
589509207 MERGER FUND-INST #30	AT COST	110,000	110,089
758849103 REGENCY CENTERS CORP
464287200 ISHARES CORE S & P 5	AT COST	22,815	60,960
29444U700 EQUINIX INC
693391559 PIMCO EMERG MKTS BD-	AT COST	109,216	101,554
04314H600 ARTISAN MID CAP FUND	AT COST	25,000	21,544
925652109 VICI PROPERTIES INC
88146M101 TERRENO REALTY CORP
56063N600 NYLI MACKAY CONVERTI	AT COST	25,000	27,786
36467J108 GAMING AND LEISURE P
78464A359 SS SPDR BB CONV SEC	AT COST	35,087	59,853
464287507 ISHARES CORE S&P MID	AT COST	70,102	131,670
828806109 SIMON PROPERTY GROUP
03027X100 AMERICAN TOWER CORP
64128R608 NEUBERGER BERMAN LON	AT COST	25,000	34,260
46124J201 INVENTRUST PROPERTIE
46140H403 INVESCO DB OIL FUND	AT COST	25,849	26,535
29476L107 EQUITY RESIDENTIAL P
00143W859 INV OPP DEVELOP MRKT
02665T306 AMERICAN HOMES 4 REN
297178105 ESSEX PPTY TR COM
02508H311 AMER CENT SM CAP GRW	AT COST	37,977	95,717
46187W107 INVITATION HOMES INC
49427F108 KILROY REALTY CORP C
256210105 DODGE & COX INCOME F
253868103 DIGITAL RLTY TR INC
693390304 PIMCO LOW DURATION F
52106N459 LAZARD GL LIST INFRA	AT COST	9,999	12,823
693390841 PIMCO HIGH YIELD FD-
74340W103 PROLOGIS INC
222795502 COUSINS PROPERTIES I
95040Q104 WELLTOWER INC
89155T490 TOUCHSTONE MID CAP-R	AT COST	25,000	39,317
804395101 SAUL CTRS INC COM
78573L106 SABRA HEALTH CARE RE
74440Y884 PGIM HIGH YIELD-Q 10	AT COST	32,000	30,019
921910501 VANGUARD INTL GRTH F	AT COST	45,000	52,526
92276F100 VENTAS INC COM
053484101 AVALONBAY CMNTYS INC
592905764 MTRPLTN WST TTL RTRN
03064D108 AMERICOLD REALTY TRU
63633D104 NATIONAL HEALTH INVS
11135E203 BROADSTONE NET LEASE
29472R108 EQUITY LIFESTYLE PPT
398182303 AMERICAN HEALTHCARE
42250P103 HEALTHPEAK PROPERTIE
53566V106 LINEAGE INC
637417106 NNN REIT INC
64119V303 NETSTREIT CORP
76169C100 REXFORD INDUSTRIAL R
78377T107 RYMAN HOSPITALITY PR
78410G104 SBA COMMUNICATIONS C
867892101 SUNSTONE HOTEL INVS
929042109 VORNADO REALTY TRUST
962166104 WEYERHAEUSER CO
057071854 BAIRD AGGREGATE BOND	AT COST	100,000	101,222
46434G103 ISHARES CORE MSCI EM	AT COST	49,968	54,919
56063N881 NYLI MACKAY HIGH YIL	AT COST	50,000	49,713
693390700 PIMCO TOTAL RET FD-I	AT COST	75,000	76,821

Description	Amount
ROC ON CY SALES	240
PY RETURN OF CAPITAL ADJUSTMENT	1,346
TAX LOT BASIS ADJUSTMENT	40
COST BASIS ADJUSTMENT	371

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT EXPENSES - ADR FEES	15	15		0
FROM PARTNERSHIP/S-CORP	201	201		0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
GRANT ADMIN FEE	2,436			2,436
INVESTMNT MNGMNT FEES (NON-DED	2,645	2,645

Category	Amount	Net Investment Income
FOREIGN TAXES	1,000	1,000
FEDERAL TAX PAYMENT - PRIOR YE	293	0
FEDERAL ESTIMATES - PRINCIPAL	988	0
FOREIGN TAXES ON NONQUALIFIED	81	81

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