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
ROBERT SYDNEY NEEDHAM FDN MAIN
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 505 MAC H0006-092
  Room/suite
City or town
SAINT LOUIS
State or province
MO
Country  
ZIP or foreign postal code
63166
A Employer identification number

30-0562220
B Telephone number (see instructions)

8557392920
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)$8,794,719J 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... 189,593 189,503  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 219,784
b Gross sales price for all assets on line 6a 770,863
7 Capital gain net income (from Part IV, line 2)... 219,784
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........ 409,377 409,287  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 107,411 65,665   41,746
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
1,537 0 0 1,537
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,350     1,350
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
7,968 3,967   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.......... 118,266 69,632 0 44,633
25 Contributions, gifts, grants paid....... 401,500 401,500
26 Total expenses and disbursements. Add lines 24 and 25 ................ 519,766 69,632 0 446,133
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -110,389
b Net investment income (if negative, enter -0-) 339,655
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............. 34,612    
2 Savings and temporary cash investments......... 234,182 349,902 349,902
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).......      
c Investments—corporate bonds (attach schedule)....... 1,049,618 Click to see attachment
List of Attached Documents:
// Content
1,234,984 		1,217,189
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,503,585 Click to see attachment
List of Attached Documents:
// Content
4,131,673 		7,227,628
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) 5,821,997 5,716,559 8,794,719
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........ 5,821,997 5,716,559
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)..... 5,821,997 5,716,559
30 Total liabilities and net assets/fund balances (see instructions). 5,821,997 5,716,559
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
5,821,997
2
Enter amount from Part I, line 27a .....................
2
-110,389
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
4,958
4
Add lines 1, 2, and 3 ..........................
4
5,716,566
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
7
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
5,716,559
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 25000. GOLDMAN SACHS GROUP 3.750% 5/22/25     2025-01-09
b 20000. US TREASURY NOTE 2.000% 11/15/26     2025-03-05
c 10000. CVS HEALTH CORP 5.300% 6/01/33   2023-11-17 2025-03-07
d 30000. US TREASURY NOTE 2.625% 3/31/25     2025-03-31
e 20000. SUNTRUST BANKS INC 4.000% 5/01/25     2025-05-01
20000. CHEVRON CORP 1.554% 5/11/25   2020-06-03 2025-05-11
20000. ABBVIE INC 3.600% 5/14/25   2021-01-15 2025-05-14
563. ISHARES MSCI EAFE ETF   2018-04-24 2025-06-03
7446.624 JOHCM INTERNATIONAL SEL-INST #180     2025-06-03
5407.628 INV OPP DEVELOP MRKTS-R6 7038     2025-07-31
10000. BUNGE LTD FINANCE CO 1.630% 8/17/25   2022-03-28 2025-08-17
20000. US TREASURY NOTE 2.250% 11/15/25     2025-11-15
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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 24,905   26,309 -1,404
b 19,360   18,889 471
c 9,862   9,638 224
d 30,000   30,017 -17
e 20,000   20,724 -724
20,000   20,665 -665
20,000   22,230 -2,230
50,011   39,755 10,256
192,570   148,500 44,070
228,526   183,790 44,736
10,000   9,435 565
20,000   20,040 -40
      125,629
      125,629
      125,629
      125,629
      125,629
      125,629
      125,629
      125,629
      125,629
      125,629
      125,629
      125,629
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       -1,404
b       471
c       224
d       -17
e       -724
      -665
      -2,230
      10,256
      44,070
      44,736
      565
      -40
       
       
       
       
       
       
       
       
       
       
       
       
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 2 219,784
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 4,721
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 4,721
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 4,721
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 3,404
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 3,404
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 1,317
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)
NJ
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 ofWELLS FARGO BANK NA Telephone no. (800) 352-3705

Located at100 N MAIN ST FL 5D4001-052WINSTON SALEMNC ZIP+4271013818
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(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
 
No
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
NINA STACK CO-TRUSTEE
4 		13,539    
100 N MAIN ST FL 5D4001-052
WINSTON SALEM,NC27101
JOHN B NEWMAN ESQ CO-TRUSTEE
4 		13,539    
100 N MAIN ST FL 5D4001-052
WINSTON SALEM,NC27101
WELLS FARGO BANK N A TRUSTEE
1 		80,333    
100 N MAIN ST FL 5D4001-052
WINSTON SALEM,NC27101
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
8,187,355
b
Average of monthly cash balances.......................
1b
219,585
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
8,406,940
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
8,406,940
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
126,104
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,280,836
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
414,042
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
414,042
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
4,721
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,721
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
409,321
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
409,321
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
409,321
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
446,133
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
446,133
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 7 409,321
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 65,657
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: $ 446,133
a Applied to 2024, but not more than line 2a 65,657
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..... 380,476
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 .......... 		28,845
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
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Wells Fargo Philanthropic Services
100 NORTH MAIN STREET 6th FLOOR D40
Winston Salem,NC27101
(888) 234-1999
grantadministration@wellsfargo.com
bThe form in which applications should be submitted and information and materials they should include:
Apply online at www.welssfargo.com/privatefoundationgrants/needham Scholarship committee chooses students for award - committee consists of college faculty, staff and the financial aid staff
cAny submission deadlines:
April 1
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Must be a graduate of a New Jersey high and have a GPA of 3.0 or better. Priority will be given to students from Passaic High School and Fairleigh Dickinson Univ.
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

BROOKDALE COMMUNITY COLLEGE

765 NEWMAN SPRINGS RD
LINCROFT,NJ077381597 		NONE   SCHOLARSHIP 10,000

GEORGIAN COURT UNIVERSITY

900 LAKEWOOD AVE
LAKEWOOD,NJ087012600 		NONE   SCHOLARSHIP 10,000

RIDER UNIVERSITY

2083 LAWRENCE RD
LAWRENCE TWP,NJ086483001 		NONE   SCHOLARSHIP 15,000

DREW UNIVERSITY

36 MADISON AVE
MADISON,NJ079401434 		NONE   SCHOLARSHIP 10,000

FAIRLEIGH DICKINSON UNIVERSITY

1000 RIVER ROAD MAIL CODE HDH101
TEANECK,NJ076661938 		NONE   SCHOLARSHIP 63,000

CALDWELL UNIVERSITY

120 BLOOMFIELD AVE
CALDWELL,NJ070065310 		NONE   SCHOLARSHIP 7,500

SETON HALL UNIVERSITY

400 S ORANGE AVE
SOUTH ORANGE,NJ070792646 		NONE   SCHOLARSHIPS 10,000

SAINT PETERS UNIVERSITY

2641 KENNEDY BOULEVARD
JERSEY CITY,NJ073065943 		NONE   SCHOLARSHIP 10,000

SAINT ELIZABETH UNIVERSITY

2 CONVENT RD
MORRISTOWN,NJ079606923 		NONE   SCHOLARSHIP 5,000

FDN AT NEW JERSEY INSTITUTE OF TECHNOLOG

UNIVERSITY HEIGHTS
NEWARK,NJ07102 		NONE   SCHOLARSHIP 50,000

FELICIAN UNIVERSITY

262 S MAIN ST
LODI,NJ076442117 		NONE   SCHOLARSHIP 10,000

STOCKTON UNIVERSITY FOUNDATION

101 VERA KING FARRIS DR STE K 204
GALLOWAY,NJ082059441 		NONE   SCHOLARSHIP 10,000

PASSAIC COUNTY COMMUNITY COLLEGE

ONE COLLEGE BOULEVARD
PATERSON,NJ07505 		NONE   SCHOLARSHIPS 10,000

UNION COUNTY COLLEGE FOUNDATION INC

995 SPRINGFIELD AVE
CRANFORD,NJ070161528 		NONE   SCHOLARSHIP 5,000

SUSSEX COUNTY COMMUNITY COLLEGE

1 COLLEGE HILL RD
NEWTON,NJ078601149 		NONE   SCHOLARSHIP 10,000

ATLANTIC CAPE COMMUNITY COLLEGE

5100 BLACK HORSE PIKE
MAYS LANDING,NJ083302623 		NONE   SCHOLARSHIP 10,000

THE COLLEGE OF NEW JERSEY FOUNDATION INC

PO BOX 7718
EWING,NJ086280718 		NONE   SCHOLARSHIP 10,000

ROWAN UNIVERSITY FOUNDATION INC

201 MULLICA HILL RD
GLASSBORO,NJ080281700 		NONE   SCHOLARSHIP 10,000

THOMAS EDISON STATE UNIVERSITY

111 W STATE ST
TRENTON,NJ086081101 		NONE   SCHOLARSHIP 15,000

WILLIAM PATERSON UNIVERSITY

300 POMPTON RD
WAYNE,NJ07470 		NONE   SCHOLARSHIP 10,000

MONTCLAIR STATE UNIVERSITY FOUNDATION IN

ONE NORMAL AVE COLLEGE HALL 300
MONTCLAIR,NJ070431624 		NONE   SCHOLARSHIP 10,000

MIDDLESEX COLLEGE FOUNDATION INC

2600 WOODBRIDGE AVE
EDISON,NJ088373604 		NONE   SCHOLARSHIP 10,000

RARITAN VALLEY COMMUNITY COLLEGE FOUNDAT

PO BOX 3300
SOMERVILLE,NJ088761265 		NONE   SCHOLARSHIP 14,000

NEW JERSEY CITY UNIVERSITY FOUNDATION IN

2039 JOHN F KENNEDY BLVD
JERSEY CITY,NJ073051596 		NONE   SCHOLARSHIP 10,000

FAIRLEIGH DICKINSON UNIVERSITY
FBO JAY HERNANDEZ
1000 RIVER ROAD H-DH3-08
TEANECK,NJ07666 		NONE   SCHOLARSHIP 15,000

INSTITUTE OF TECHNOLOGY

3004 AVENUE L
BROOKLYN,NY112104737 		NONE   SCHOLARSHIP 12,000

RAMAPO COLLEGE FOUNDATION

505 RAMAPO VALLEY RD
MAHWAH,NJ074301623 		NONE   SCHOLARSHIP 10,000

PASSAIC ACADEMY FOR SCIENCE & ENGINEERIN

291 LAFAYETTE
PASSAIC,NJ07055 		NONE   SCHOLARSHIP 15,000

PASSAIC PREPARATORY ACADEMY

252 BOULEVARD
PASSAIC,NJ07055 		NONE   SCHOLARSHIP 15,000
Total ................................. 3a 401,500
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 ....     14 189,593  
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 ............ 		    18 219,784  
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) ..   409,377  
13Total. Add line 12, columns (b), (d), and (e)..................
13
409,377
(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:
ROBERT SYDNEY NEEDHAM FDN MAIN
EIN:
30-0562220
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,537     1,537

TY 2025 InvestmentsCorpBondsSchedule
Name:
ROBERT SYDNEY NEEDHAM FDN MAIN
EIN:
30-0562220
Name of Bond End of Year Book Value End of Year Fair Market Value
254687FL5 WALT DISNEY COMPANY/ 19,754 18,700
912828M56 US TREASURY NOTE    
46625HRV4 JPMORGAN CHASE & CO 20,763 19,870
14040HBN4 CAPITAL ONE FINANCIA 21,821 19,940
961214DW0 WESTPAC BANKING CORP 19,504 19,841
29444UBL9 EQUINIX INC 15,067 14,229
9128284F4 US TREASURY NOTE    
036752AB9 ANTHEM INC 20,274 19,904
9128286T2 US TREASURY NOTE 2.3 46,931 43,267
9128285M8 US TREASURY NOTE 48,881 44,497
166764BW9 CHEVRON CORP    
25389JAR7 DIGITAL REALTY TRUST 21,494 19,892
867914BS1 SUNTRUST BANKS INC    
38148LAE6 GOLDMAN SACHS GROUP    
06051GGA1 BANK OF AMERICA CORP 21,239 19,814
9128283W8 US TREASURY NOTE 46,358 44,321
912828U24 US TREASURY NOTE 2.0    
9128286A3 US TREASURY NOTE 41,820 39,964
693475AZ8 PNC FINANCIAL SERVIC 26,911 23,527
548661DY0 LOWE'S COS INC 14,172 13,323
78016EZQ3 ROYAL BANK OF CANADA 4,996 4,958
61746BEF9 MORGAN STANLEY 22,829 19,948
91282CBL4 US TREASURY NOTE 41,958 39,619
00287YAQ2 ABBVIE INC    
20030NCT6 COMCAST CORP 23,777 20,108
110122DP0 BRISTOL-MYERS SQUIBB 19,645 19,094
31428XCD6 FEDEX CORP 9,034 9,073
9128282R0 US TREASURY NOTE 27,498 29,417
91282CDY4 US TREASURY NOTE 1.8 50,627 53,510
120568BB5 BUNGE LTD FINANCE CO    
49326EEJ8 KEYCORP 8,088 9,440
907818FU7 UNION PACIFIC CORP 9,277 9,171
023135CH7 AMAZON.COM INC 18,652 19,392
126650DY3 CVS HEALTH CORP 9,638 10,312
3135G05Q2 FED NATL MTG ASSN 16,309 17,646
91282CGQ8 US TREASURY NOTE 40,441 40,509
91282CHT1 US TREASURY NOTE 27,959 29,750
13608JAA5 CANADIAN IMPERIAL BA 14,932 15,533
14149YBP2 CARDINAL HEALTH INC 15,129 15,585
31620MBY1 FIDELITY NATL INFO 15,271 15,323
438516CK0 HONEYWELL INTERNATIO 15,057 15,451
91282CJZ5 US TREASURY NOTE 9,716 9,969
91282CKK6 US TREASURY NOTE 35,134 35,142
91282CKQ3 US TREASURY NOTE 20,123 20,438
91282CLF6 US TREASURY NOTE 15,039 14,769
91282CLW9 US TREASURY NOTE 19,721 20,210
9128334Y3 US TREAS SEC STRIPPE 28,396 27,760
04636NAM5 ASTRAZENECA FINANCE 15,191 15,525
120568BE9 BUNGE LTD FINANCE CO 14,891 15,009
166756BD7 CHEVRON USA INC 20,188 20,461
38141GZM9 VR GOLDMAN SACHS GRO 17,152 18,425
57636QAZ7 MASTERCARD INC 15,058 15,375
63111XAH4 NASDAQ INC 20,646 20,638
666807CH3 NORTHROP GRUMMAN COR 20,083 20,195
855244BJ7 STARBUCKS CORP 20,285 20,394
857477CP6 STATE STREET CORP 20,144 20,202
882508CG7 TEXAS INSTRUMENTS IN 20,363 20,431
91159HJM3 VR US BANCORP 20,807 20,788
91282CMM0 US TREASURY NOTE 30,998 31,140
91282CMV0 US TREASURY NOTE 30,001 30,130
91282CNC1 US TREASURY NOTE 25,102 25,207
91282CPJ4 US TREASURY NOTE 19,781 19,713
94106BAF8 WASTE CONNECTIONS IN 4,720 4,898
969457CK4 WILLIAMS COMPANIES 15,339 15,442

TY 2025 InvestmentsOtherSchedule2
Name:
ROBERT SYDNEY NEEDHAM FDN MAIN
EIN:
30-0562220
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
00143W859 INV OPP DEVELOP MRKT      
464288885 ISHARES MSCI EAFE GR AT COST 142,404 229,435
464287598 ISHARES RUSSELL 1000 AT COST 93,004 194,565
464287655 ISHARES RUSSELL 2000 AT COST 162,507 320,008
81369Y407 SS CONSUMER DISC SEL AT COST 49,511 131,351
464287465 ISHARES MSCI EAFE ET AT COST 207,387 282,040
00888Y847 INVESCO BAL RSK COMM AT COST 120,250 120,984
464287499 ISHARES RUSSELL MID- AT COST 494,409 943,446
46653M849 JOHCM INTERNATIONAL      
09260C703 BLACKROCK CRED REL V AT COST 50,000 43,260
742537236 PRINCIPAL GL MULT ST AT COST 64,340 69,743
94988V860 ALLSPRING LARGE CAP AT COST 138,341 165,927
411512528 HARBOR CAPITAL APPRE AT COST 201,053 384,775
464287507 ISHARES CORE S&P MID AT COST 48,048 107,250
74925K581 BOSTON P LNG/SHRT RE AT COST 144,200 132,933
87234N302 TCW CONCENTR LARGE C AT COST 121,204 204,826
464287622 ISHARES RUSSELL 1000 AT COST 283,565 905,592
55273H361 MFS RESEARCH INTERNA AT COST 204,399 359,239
74256W568 PRINCIPAL REAL EST S AT COST 167,185 200,822
27831R108 EV GLBL MACR ABS RTR AT COST 96,815 97,674
464287234 ISHARES MSCI EMERGIN AT COST 265,754 418,532
589509207 MERGER FUND-INST #30 AT COST 100,000 104,361
003021714 ABERDEEN EMERG MARKE AT COST 65,000 89,628
74256W626 PRINCIPAL HIGH YIELD AT COST 100,000 94,908
77954Q403 T ROWE PRICE BLUE CH AT COST 71,012 228,076
81369Y605 SS FINANCIAL SELECT AT COST 47,480 109,540
464287804 ISHARES CORE S&P SMA AT COST 194,079 306,459
949917744 AS ULTR SHORT-TRMINC AT COST 400,117 413,533
81369Y803 SS TECHNOLOGY SELECT AT COST 80,818 549,677
464288588 ISHARES MBS ETF AT COST 18,791 19,044

TY 2025 OtherDecreasesSchedule
Name:
ROBERT SYDNEY NEEDHAM FDN MAIN
EIN:
30-0562220
Description Amount
CY PURCHASE OF ACCRUED INTEREST 7


TY 2025 OtherIncreasesSchedule
Name:
ROBERT SYDNEY NEEDHAM FDN MAIN
EIN:
30-0562220
Description Amount
COST BASIS ADJUSTMENT 124
MUTUAL FUND TIMING ADJ 4,812
PY PURCHASE OF ACCRUED INTEREST 21
TAX LOT BASIS ADJUSTMENT 1


TY 2025 OtherProfessionalFeesSchedule
Name:
ROBERT SYDNEY NEEDHAM FDN MAIN
EIN:
30-0562220
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SCHOLARSHIP ADMIN FEES 1,350     1,350


TY 2025 TaxesSchedule
Name:
ROBERT SYDNEY NEEDHAM FDN MAIN
EIN:
30-0562220
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 2,709 2,709   0
FEDERAL TAX PAYMENT - PRIOR YE 597 0   0
FEDERAL ESTIMATES - PRINCIPAL 3,404 0   0
FOREIGN TAXES ON NONQUALIFIED 1,258 1,258   0