TY 2025 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2025

Open to Public Inspection

For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25

Name of foundation
HUNT C GILES CHAR - 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

23-7428278

B Telephone number (see instructions)

8887304933

C If exemption application is pending, check here

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

Address change Name change

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

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

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

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

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

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$7,109,995J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(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...	155,043		154,346
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		437,323
b	Gross sales price for all assets on line 6a 1,587,263
7	Capital gain net income (from Part IV, line 2)...			437,323
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........	592,366		591,669
13	Compensation of officers, directors, trustees, etc.	78,701		59,026		19,675
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	1,537	0	0	1,537
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	3,074	3,074		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	4,248	2,086		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	754	234		520
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	88,314		64,420	0	21,732
25	Contributions, gifts, grants paid.......	300,000				300,000
26	Total expenses and disbursements. Add lines 24 and 25 ................	388,314		64,420	0	321,732
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	204,052
b	Net investment income (if negative, enter -0-)			527,249
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	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.............
	2	Savings and temporary cash investments.........	258,316	360,075	360,075
	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)		List of Attached Documents: // Content 45,135	45,126
	b	Investments—corporate stock (attach schedule).......	683,973	List of Attached Documents: // Content 652,782	1,172,255
	c	Investments—corporate bonds (attach schedule).......	1,912,040	List of Attached Documents: // Content 1,946,586	1,975,262
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	842,114	List of Attached Documents: // Content 894,071	3,557,277
	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)	3,696,443	3,898,649	7,109,995
	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........	3,696,443	3,898,649
	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).....	3,696,443	3,898,649
	30	Total liabilities and net assets/fund balances (see instructions).	3,696,443	3,898,649

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

3,696,443

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

204,052

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

List of Attached Documents:

// Content

3,628

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

3,904,123

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

List of Attached Documents:

// Content

5,474

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

3,898,649

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	3. AIRBUS SE - UNSP ADR		2024-07-31	2025-01-17
b	1. ANALOG DEVICES INC		2017-09-01	2025-01-17
c	1. CHEVRON CORP		2023-06-09	2025-01-17
d	9. DEUTSCHE BOERSE AG ADR		2023-06-09	2025-01-17
e	12. DEUTSCHE TELEKOM AG - ADR		2024-05-15	2025-01-17
	6. DEUTSCHE POST AG ADR		2024-03-11	2025-01-17
	2. DUKE ENERGY HOLDING CORP. COM		2024-05-15	2025-01-17
	3. EOG RESOURCES, INC		2022-11-02	2025-01-17
	1. GENUINE PARTS CO		2023-12-21	2025-01-17
	25. THE HERSHEY COMPANY		2024-03-11	2025-01-17
	3. HITACHI LIMITED - ADR		2024-05-15	2025-01-17
	2. INTERNATIONAL FLAVORS & FRAGRANCES		2020-11-16	2025-01-17
	2. JOHNSON & JOHNSON		2022-06-24	2025-01-17
	6. KEURIG DR PEPPER INC		2022-11-02	2025-01-17
	51. KROGER CO			2025-01-17
	1. L'OREAL - ADR		2024-07-31	2025-01-17
	1. MCDONALDS CORP		2024-03-11	2025-01-17
	1. MICROSOFT CORP		2024-08-26	2025-01-17
	138. NORDEA BANK ABP - SPON ADR		2024-05-15	2025-01-17
	2. NOVARTIS AG - ADR		2024-05-15	2025-01-17
	1. ORIX CORPORATION - ADR		2020-06-09	2025-01-17
	1. PEPSICO INC		2022-06-24	2025-01-17
	1. PHILIP MORRIS INTERNATIONAL IN		2023-01-25	2025-01-17
	2. PROCTER & GAMBLE CO		2023-12-21	2025-01-17
	1. QUALCOMM INC		2024-10-03	2025-01-17
	2. RPM INTERNATIONAL INC		2019-08-07	2025-01-17
	1. RIO TINTO PLC - ADR		2024-04-12	2025-01-17
	2. SAP SE		2021-04-19	2025-01-17
	5. SCHNEIDER ELECTRIC SE - ADR		2023-04-03	2025-01-17
	278. SEVEN & I HOLDINGS CO. LTD ADR			2025-01-17
	4. SIEMENS AG - SPONSORED ADR		2015-11-04	2025-01-17
	1. SNAP ON INC		2024-03-11	2025-01-17
	222. SUMITOMO TRUST AND BANKING ADR		2018-05-17	2025-01-17
	4. TJX COMPANIES INC		2023-12-21	2025-01-17
	2. TOKYO ELECTRON LTD-UNSP ADR		2024-07-31	2025-01-17
	26. TOTAL S.A. - ADR		2024-03-11	2025-01-17
	15. TOTAL S.A. - ADR		2012-12-19	2025-01-17
	1. VINCI SA ADR		2021-04-01	2025-01-17
	72. WILLIAMS COS INC			2025-01-17
	24. COCA-COLA EUROPACIFIC PARTNE		2018-06-14	2025-01-17
	2. MEDTRONIC PLC		2019-07-28	2025-01-17
	19. ABBVIE INC			2025-01-22
	7. ADOBE SYS INC			2025-01-22
	1. ADOBE SYS INC		2023-06-14	2025-01-22
	19. ADVANCED MICRO DEVICES INC		2024-06-11	2025-01-22
	13. ADVANCED MICRO DEVICES INC		2023-02-09	2025-01-22
	81. ALPHABET INC CL C			2025-01-22
	44. AMAZON COM INC COM		2024-09-25	2025-01-22
	17. ANALOG DEVICES INC		2024-06-11	2025-01-22
	69. APPLE INC		2009-12-17	2025-01-22
	23. BLACKSTONE INC			2025-01-22
	4. BLACKROCK INC		2014-06-11	2025-01-22
	23. BOEING CO			2025-01-22
	56. BROADCOM INC		2019-07-03	2025-01-22
	36. CELANESE CORP			2025-01-22
	7. CISCO SYSTEMS INC		2024-05-07	2025-01-22
	63. CISCO SYSTEMS INC			2025-01-22
	74. CITIGROUP INC.			2025-01-22
	41. COGNIZANT TECH SOLUTIONS CRP COM		2016-09-09	2025-01-22
	19. META PLATFORMS INC		2021-04-08	2025-01-22
	16. HILTON WORLDWIDE HOLDINGS IN		2024-03-25	2025-01-22
	11. HOME DEPOT INC			2025-01-22
	37. JPMORGAN CHASE & CO			2025-01-22
	15. KEYSIGHT TECHNOLOGIES INC		2024-12-02	2025-01-22
	45. LAM RESH CORP		2018-07-24	2025-01-22
	9. ELI LILLY & CO COM		2017-01-27	2025-01-22
	159. MANULIFE FINANCIAL CORP			2025-01-22
	17. MARSH & MCLENNAN COS INC		2024-10-22	2025-01-22
	16. MCDONALDS CORP			2025-01-22
	11. MERCK & CO INC NEW		2024-03-25	2025-01-22
	37. MERCK & CO INC NEW			2025-01-22
	49. MICROSOFT CORP			2025-01-22
	43. MONDELEZ INTERNATIONAL INC		2018-07-17	2025-01-22
	40. RTX CORP			2025-01-22
	149. REGIONS FINL CORP NEW			2025-01-22
	33. STARBUCKS CORP COM		2023-06-14	2025-01-22
	179. SUNCOR ENERGY INC NEW F			2025-01-22
	7. TARGET CORP		2003-05-07	2025-01-22
	5. THERMO FISHER SCIENTIFIC INC			2025-01-22
	75. TOTAL S.A. - ADR			2025-01-22
	45. UNILEVER PLC - ADR		2020-02-03	2025-01-22
	6. UNILEVER PLC - ADR		2020-02-03	2025-01-22
	8. UNION PACIFIC CORP		2024-09-25	2025-01-22
	6. UNION PACIFIC CORP			2025-01-22
	31. UNITED PARCEL SERVICE-CL B			2025-01-22
	1. UNITEDHEALTH GROUP INC		2024-03-25	2025-01-22
	12. UNITEDHEALTH GROUP INC		2009-12-17	2025-01-22
	2. VISA INC-CLASS A SHRS		2024-05-07	2025-01-22
	16. VISA INC-CLASS A SHRS		2021-12-22	2025-01-22
	19. WASTE MANAGEMENT INC			2025-01-22
	16. EATON CORP PLC			2025-01-22
	24. TE CONNECTIVITY PLC			2025-01-22
	19. GARMIN LTD			2025-01-22
	4. SBA COMMUNICATIONS CORP			2025-01-23
	15. TERRENO REALTY CORP			2025-01-23
	35000. APPLE INC 4.000% 5/10/28		2023-05-11	2025-01-28
	39. BROADSTONE NET LEASE INC			2025-02-05
	47. AIRBUS SE - UNSP ADR		2024-07-31	2025-02-07
	44. AIRBUS SE - UNSP ADR		2022-05-19	2025-02-07
	3. AXA - ADR		2025-01-17	2025-02-07
	104. AXA - ADR			2025-02-07
	50000. BANK OF NOVA SCOTIA 1.050% 3/02/26		2021-04-05	2025-02-10
	74. TOTAL S.A. - ADR			2025-02-10
	50000. US TREASURY NOTE 0.875% 9/30/26		2021-10-26	2025-02-10
	7. NNN REIT INC		2024-03-14	2025-02-18
	48. NNN REIT INC		2024-02-16	2025-02-18
	5. WELLTOWER INC			2025-02-18
	10. ALPHABET INC CL C		2012-02-15	2025-02-27
	73. CELANESE CORP			2025-02-27
	175. CISCO SYSTEMS INC			2025-02-27
	103. MERCK & CO INC NEW			2025-02-27
	6. GARMIN LTD		2020-05-29	2025-02-27
	21. LINEAGE INC			2025-03-03
	30. TERRENO REALTY CORP			2025-03-03
	28. ALPHABET INC CL C		2012-02-15	2025-03-04
	7. APPLE INC		2009-12-17	2025-03-04
	6. META PLATFORMS INC		2023-02-09	2025-03-04
	3. UNITED PARCEL SERVICE-CL B		2024-09-25	2025-03-04
	11. UNITED PARCEL SERVICE-CL B		2020-03-10	2025-03-04
	14. ABBVIE INC			2025-03-11
	5. ABBVIE INC		2022-05-19	2025-03-11
	57. DEUTSCHE TELEKOM AG - ADR		2024-05-15	2025-03-11
	36. DEUTSCHE TELEKOM AG - ADR		2023-12-21	2025-03-11
	22. KROGER CO		2022-11-02	2025-03-11
	29. PHILIP MORRIS INTERNATIONAL IN			2025-03-11
	41. ALPHABET INC CL C		2012-02-15	2025-03-26
	6. APPLE INC		2009-12-17	2025-03-26
	13. BLACKSTONE INC			2025-03-26
	38. CITIGROUP INC.		2024-09-25	2025-03-26
	23. CITIGROUP INC.		2014-04-01	2025-03-26
	13. JPMORGAN CHASE & CO			2025-03-26
	59. REGIONS FINL CORP NEW		2024-03-25	2025-03-26
	56. SUNCOR ENERGY INC NEW F			2025-03-26
	46. TARGET CORP		2003-05-07	2025-03-26
	42. TOTAL S.A. - ADR			2025-03-26
	9. META PLATFORMS INC		2023-02-09	2025-04-08
	2. ELI LILLY & CO COM		2017-01-27	2025-04-08
	5. VISA INC-CLASS A SHRS			2025-04-08
	10. GARMIN LTD		2020-05-29	2025-04-08
	3. AMERICAN HOMES 4 RENT		2024-10-29	2025-04-17
	1. AMERICAN TOWER CORP		2020-11-11	2025-04-17
	5. AMERICOLD REALTY TRUST INC		2023-12-22	2025-04-17
	2. AVALONBAY CMNTYS INC		2016-10-13	2025-04-17
	2. BROADSTONE NET LEASE INC		2021-04-26	2025-04-17
	1. COUSINS PROPERTIES INC		2019-07-16	2025-04-17
	1. EQUITY LIFESTYLE PPTYS INC		2024-10-03	2025-04-17
	1. EQUITY RESIDENTIAL PPTYS TR SH BEN		2024-08-22	2025-04-17
	1. EXTRA SPACE STORAGE INC		2024-10-29	2025-04-17
	1. EXTRA SPACE STORAGE INC		2022-04-30	2025-04-17
	2. GAMING AND LEISURE PROPE-W/I		2022-12-05	2025-04-17
	1. AMERICAN HEALTHCARE REIT INC		2024-12-11	2025-04-17
	1. INVENTRUST PROPERTIES CORP		2025-02-18	2025-04-17
	6. INVITATION HOMES INC		2017-02-09	2025-04-17
	1. MARRIOTT VACATIONS WORLDWIDE C		2021-05-27	2025-04-17
	3. NETSTREIT CORP		2022-01-20	2025-04-17
	1. PROLOGIS INC		2024-04-24	2025-04-17
	2. PROLOGIS INC		2016-10-13	2025-04-17
	5. REGENCY CENTERS CORP			2025-04-17
	1. RYMAN HOSPITALITY PROPERTIES		2024-09-19	2025-04-17
	1. SBA COMMUNICATIONS CORP		2024-03-14	2025-04-17
	4. SABRA HEALTH CARE REIT -		2019-05-16	2025-04-17
	1. SAUL CTRS INC COM		2016-10-13	2025-04-17
	2. SUNSTONE HOTEL INVS INC NEW		2024-12-27	2025-04-17
	25. VENTAS INC COM		2021-07-20	2025-04-17
	8. VICI PROPERTIES INC		2022-03-28	2025-04-17
	2. VORNADO REALTY TRUST		2024-09-30	2025-04-17
	7. WELLTOWER INC			2025-04-17
	1. WEYERHAEUSER CO		2024-03-01	2025-04-17
	59. UNITED PARCEL SERVICE-CL B			2025-04-24
	14. MARRIOTT VACATIONS WORLDWIDE C			2025-05-05
	12. VICI PROPERTIES INC			2025-05-05
	8. APPLE INC		2025-04-08	2025-05-12
	5. JPMORGAN CHASE & CO		2011-10-19	2025-05-12
	45. MANULIFE FINANCIAL CORP		2016-03-02	2025-05-12
	22. UNILEVER PLC - ADR		2020-02-03	2025-05-12
	6. WASTE MANAGEMENT INC		2020-03-10	2025-05-12
	47. AXA - ADR		2016-12-02	2025-05-20
	58. DEUTSCHE BOERSE AG ADR		2023-06-09	2025-05-20
	64. KROGER CO			2025-05-20
	21. NESTLE S.A. REGISTERED SHARES - ADR			2025-05-20
	34. WILLIAMS COS INC		2019-10-29	2025-05-20
	2850. ISHARES S&P 500 GROWTH ETF			2025-05-27
	40000. MCCORMICK & CO 0.900% 2/15/26		2024-10-11	2025-06-03
	50000. MCKESSON CORP 0.900% 12/03/25		2021-01-07	2025-06-03
	40000. PPG INDUSTRIES INC 1.200% 3/15/26		2024-10-10	2025-06-03
	50000. US TREASURY NOTE 0.875% 9/30/26		2021-10-26	2025-06-03
	60000. US TREASURY NOTE 1.875% 2/28/27		2022-03-28	2025-06-03
	45000. VR MORGAN STANLEY 5.050% 1/28/27		2024-10-10	2025-06-05
	126. BROADSTONE NET LEASE INC			2025-06-06
	33. AMERICAN HEALTHCARE REIT INC			2025-06-06
	8. ALPHABET INC CL C		2012-02-15	2025-06-25
	5. BROADCOM INC		2019-07-03	2025-06-25
	4. MICROSOFT CORP		2012-10-23	2025-06-25
	10. UNITEDHEALTH GROUP INC		2009-12-17	2025-06-25
	2. DIGITAL RLTY TR INC			2025-06-27
	3. ABBVIE INC		2022-05-19	2025-07-08
	1. ALLIANZ SE - UNSP ADR		2025-02-07	2025-07-08
	1. ANALOG DEVICES INC		2017-09-01	2025-07-08
	3. ASTRAZENECA PLC ADR		2024-05-15	2025-07-08
	1. AXA - ADR		2016-12-02	2025-07-08
	13. BARCLAYS PLC - ADR		2025-01-17	2025-07-08
	1. CME GROUP INC		2022-06-24	2025-07-08
	1. CHEVRON CORP		2023-06-09	2025-07-08
	4. COMCAST CORP CLASS A		2019-08-07	2025-07-08
	5. DEUTSCHE BOERSE AG ADR		2023-06-09	2025-07-08
	2. DEUTSCHE POST AG ADR		2024-03-11	2025-07-08
	2. DUKE ENERGY HOLDING CORP. COM		2024-05-15	2025-07-08
	1. GENUINE PARTS CO		2024-01-14	2025-07-08
	12. HITACHI LIMITED - ADR		2025-02-07	2025-07-08
	1. JOHNSON & JOHNSON		2022-06-24	2025-07-08
	5. KEURIG DR PEPPER INC		2022-11-02	2025-07-08
	1. L'OREAL - ADR		2024-07-31	2025-07-08
	1. MCDONALDS CORP		2024-03-11	2025-07-08
	2. MERCK & CO INC NEW		2024-03-20	2025-07-08
	2. NESTLE S.A. REGISTERED SHARES - ADR		2020-12-09	2025-07-08
	2. NEXTERA ENERGY INC		2023-06-09	2025-07-08
	7. NORDEA BANK ABP - SPON ADR			2025-07-08
	2. NOVARTIS AG - ADR		2024-05-15	2025-07-08
	4. ORIX CORPORATION - ADR		2020-06-09	2025-07-08
	1. PHILIP MORRIS INTERNATIONAL IN		2023-07-17	2025-07-08
	1. QUALCOMM INC		2024-10-03	2025-07-08
	1. RPM INTERNATIONAL INC		2019-08-07	2025-07-08
	2. RIO TINTO PLC - ADR		2024-04-12	2025-07-08
	1. SANOFI-ADR		2022-03-14	2025-07-08
	1. SAP SE		2021-04-19	2025-07-08
	1. SCHNEIDER ELECTRIC SE - ADR		2023-04-03	2025-07-08
	3. SIEMENS AG - SPONSORED ADR		2025-02-10	2025-07-08
	12. SUMITOMO TRUST AND BANKING ADR		2018-05-17	2025-07-08
	1. TJX COMPANIES INC		2023-12-21	2025-07-08
	1. TC ENERGY CORP		2025-01-17	2025-07-08
	2. TOKYO ELECTRON LTD-UNSP ADR		2024-07-31	2025-07-08
	3. UNILEVER PLC - ADR		2025-03-13	2025-07-08
	4. VEOLIA ENVIRONNEMENT ADR		2023-04-03	2025-07-08
	3. VINCI SA ADR		2021-04-01	2025-07-08
	2. WILLIAMS COS INC		2019-10-29	2025-07-08
	2. COCA-COLA EUROPACIFIC PARTNE		2018-06-14	2025-07-08
	1. MEDTRONIC PLC		2019-07-28	2025-07-08
	75. AMERICOLD REALTY TRUST INC		2023-12-22	2025-07-11
	106. SUNSTONE HOTEL INVS INC NEW		2024-12-27	2025-07-11
	5. ADOBE SYS INC		2023-06-14	2025-07-16
	5. BROADCOM INC		2019-07-03	2025-07-16
	21. UNITEDHEALTH GROUP INC			2025-07-16
	9. TE CONNECTIVITY PLC		2016-12-12	2025-07-16
	16. DUKE ENERGY HOLDING CORP. COM		2024-05-15	2025-07-24
	18. MERCK & CO INC NEW		2025-01-17	2025-07-24
	9. MERCK & CO INC NEW		2024-03-20	2025-07-24
	18. SIEMENS AG - SPONSORED ADR		2025-02-10	2025-07-24
	3. SIEMENS AG - SPONSORED ADR		2015-11-04	2025-07-24
	66. HITACHI LIMITED - ADR		2025-02-07	2025-07-25
	56. HITACHI LIMITED - ADR		2024-05-15	2025-07-25
	74. ORIX CORPORATION - ADR		2020-06-09	2025-07-29
	92. ORIX CORPORATION - ADR		2020-06-09	2025-07-30
	1. AMERICAN TOWER CORP		2020-04-30	2025-08-11
	4. AMERICAN HEALTHCARE REIT INC		2024-09-20	2025-08-11
	5. AMERICAN HEALTHCARE REIT INC		2024-02-07	2025-08-11
	1. PROLOGIS INC		2016-10-13	2025-08-11
	6. REGENCY CENTERS CORP			2025-08-11
	7. SABRA HEALTH CARE REIT -		2019-05-16	2025-08-11
	1. SIMON PROPERTY GROUP INC		2025-02-18	2025-08-11
	3. VENTAS INC COM		2025-06-06	2025-08-11
	2. WELLTOWER INC		2022-09-14	2025-08-11
	50000. US TREASURY NOTE 2.625% 5/31/27		2022-06-14	2025-08-14
	60000. AMAZON.COM INC 3.300% 4/13/27		2023-05-08	2025-09-08
	50000. EQUINIX INC 1.000% 9/15/25		2021-01-07	2025-09-15
	3. BERKSHIRE HATHAWAY INC.		2025-03-26	2025-09-23
	27. LAM RESH CORP		2018-07-24	2025-09-23
	15. RTX CORP		2019-08-13	2025-09-23
	79. COGNIZANT TECH SOLUTIONS CRP COM			2025-10-07
	3. EQUITY RESIDENTIAL PPTYS TR SH BEN		2025-01-23	2025-10-24
	71. EQUITY RESIDENTIAL PPTYS TR SH BEN			2025-10-24
	13. AMERICAN HEALTHCARE REIT INC		2024-02-07	2025-10-24
	28. SBA COMMUNICATIONS CORP			2025-10-28
	55000. US TREASURY NOTE 2.625% 5/31/27		2022-06-14	2025-10-29
	17. ABBVIE INC			2025-11-04
	6. BROADCOM INC		2019-07-03	2025-11-04
	178. COMCAST CORP CLASS A			2025-11-04
	11. GENUINE PARTS CO		2025-02-10	2025-11-04
	25. GENUINE PARTS CO		2023-12-21	2025-11-04
	59. NOVO NORDISK A/S - ADR		2025-03-11	2025-11-04
	13. PROCTER & GAMBLE CO			2025-11-04
	11. PROCTER & GAMBLE CO			2025-11-04
	101. COCA-COLA EUROPACIFIC PARTNE			2025-11-04
	5. EATON CORP PLC		2025-03-26	2025-11-04
	5. EATON CORP PLC		2020-11-03	2025-11-04
	8. ADVANCED MICRO DEVICES INC		2023-02-09	2025-11-06
	8. EQUITY LIFESTYLE PPTYS INC		2024-10-03	2025-11-18
	4. AMERICAN HOMES 4 RENT		2024-10-29	2025-12-05
	1. AMERICAN TOWER CORP		2020-04-30	2025-12-05
	29. AMERICOLD REALTY TRUST INC		2025-03-03	2025-12-05
	78. AMERICOLD REALTY TRUST INC			2025-12-05
	5. COUSINS PROPERTIES INC		2019-07-16	2025-12-05
	2. CROWN CASTLE INC		2025-10-28	2025-12-05
	1. DIGITAL RLTY TR INC		2025-05-05	2025-12-05
	1. EXTRA SPACE STORAGE INC		2023-01-23	2025-12-05
	2. GAMING AND LEISURE PROPE-W/I		2022-12-05	2025-12-05
	5. AMERICAN HEALTHCARE REIT INC		2024-02-07	2025-12-05
	6. HEALTHPEAK PROPERTIES INC		2024-11-04	2025-12-05
	1. HYATT HOTELS CORP		2025-07-11	2025-12-05
	1. INVENTRUST PROPERTIES CORP		2025-02-18	2025-12-05
	3. INVITATION HOMES INC		2017-02-09	2025-12-05
	1. KILROY REALTY CORP COM		2021-07-20	2025-12-05
	1. NATIONAL HEALTH INVS INC		2025-04-17	2025-12-05
	2. NETSTREIT CORP		2022-01-20	2025-12-05
	1. REGENCY CENTERS CORP		2016-10-13	2025-12-05
	1. RYMAN HOSPITALITY PROPERTIES		2024-09-19	2025-12-05
	1. VENTAS INC COM		2021-07-20	2025-12-05
	3. VICI PROPERTIES INC		2025-10-24	2025-12-05
	2. VORNADO REALTY TRUST		2024-09-30	2025-12-05
	1. WELLTOWER INC		2022-09-14	2025-12-05
	3. WEYERHAEUSER CO		2024-03-01	2025-12-05
	100000. US TREASURY NOTE 2.625% 5/31/27			2025-12-09
	14. MCDONALDS CORP		2024-03-11	2025-12-12
	9. NESTLE S.A. REGISTERED SHARES - ADR		2025-02-10	2025-12-12
	38. NESTLE S.A. REGISTERED SHARES - ADR			2025-12-12
	9. SAP SE			2025-12-12
	91. SCHNEIDER ELECTRIC SE - ADR		2023-04-03	2025-12-12
	13. SNAP ON INC		2024-03-11	2025-12-12
	14. TJX COMPANIES INC			2025-12-12
	6.6 MAGNUM ICE CREAM CO BV/THE		2025-03-13	2025-12-12
	26.4 MAGNUM ICE CREAM CO BV/THE			2025-12-12
	4. APPLE INC		2025-04-08	2025-12-15
	2. APPLE INC		2009-12-17	2025-12-15
	8. ECOLAB INC		2025-02-27	2025-12-15
	24. MAGNUM ICE CREAM CO BV/THE			2025-12-15
	.1438 HUDSON PACIFIC PROPERTIES INC		2025-06-27	2025-12-18
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	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	124	114	10
b	219	84	135
c	161	159	2
d	212	159	53
e	374	289	85
	218	254	-36
	219	206	13
	409	407	2
	118	138	-20
	3,822	4,939	-1,117
	143	111	32
	170	230	-60
	294	361	-67
	190	227	-37
	2,966	2,456	510
	71	87	-16
	281	293	-12
	430	416	14
	1,602	1,706	-104
	195	207	-12
	103	73	30
	148	166	-18
	122	103	19
	323	289	34
	164	166	-2
	253	135	118
	61	68	-7
	526	279	247
	265	165	100
	4,375	3,770	605
	412	201	211
	349	296	53
	3,254	1,919	1,335
	488	362	126
	172	189	-17
	1,537	1,715	-178
	886	779	107
	26	27	-1
	4,259	1,594	2,665
	1,842	947	895
	177	194	-17
	3,231	2,107	1,124
	3,066	3,277	-211
	438	481	-43
	2,344	3,020	-676
	1,604	1,104	500
	16,168	1,364	14,804
	10,263	8,485	1,778
	3,810	4,014	-204
	15,375	475	14,900
	4,192	1,565	2,627
	4,012	1,245	2,767
	4,011	5,915	-1,904
	13,669	1,593	12,076
	2,653	3,044	-391
	431	331	100
	3,875	1,030	2,845
	6,058	3,984	2,074
	3,227	2,275	952
	11,902	5,919	5,983
	3,967	3,362	605
	4,510	3,600	910
	9,705	2,327	7,378
	2,590	2,584	6
	3,799	781	3,018
	6,783	676	6,107
	4,849	2,217	2,632
	3,711	3,773	-62
	4,502	4,630	-128
	1,055	1,379	-324
	3,549	2,833	716
	21,815	1,448	20,367
	2,414	1,845	569
	4,962	3,227	1,735
	3,642	3,000	642
	3,229	3,326	-97
	7,107	5,367	1,740
	952	240	712
	2,876	1,193	1,683
	4,377	4,566	-189
	2,525	2,648	-123
	337	353	-16
	1,889	1,967	-78
	1,416	1,250	166
	4,113	4,174	-61
	519	487	32
	6,226	382	5,844
	646	553	93
	5,167	3,498	1,669
	4,036	2,656	1,380
	5,947	1,817	4,130
	3,729	3,581	148
	4,095	1,809	2,286
	793	864	-71
	969	634	335
	34,600	35,356	-756
	611	760	-149
	2,011	1,780	231
	1,883	1,242	641
	116	109	7
	4,009	2,689	1,320
	48,208	49,209	-1,001
	4,460	3,539	921
	47,355	49,264	-1,909
	286	286
	1,959	1,968	-9
	753	388	365
	1,719	150	1,569
	3,715	2,829	886
	11,215	2,733	8,482
	9,285	4,871	4,414
	1,352	545	807
	1,262	1,801	-539
	2,030	829	1,201
	4,878	420	4,458
	1,668	48	1,620
	3,891	1,081	2,810
	353	394	-41
	1,293	1,018	275
	2,993	2,294	699
	1,069	757	312
	2,073	1,374	699
	1,309	858	451
	1,470	1,041	429
	4,429	2,965	1,464
	6,879	616	6,263
	1,331	41	1,290
	1,904	651	1,253
	2,781	2,300	481
	1,683	1,105	578
	3,256	443	2,813
	1,311	1,184	127
	2,176	1,519	657
	4,847	1,578	3,269
	2,724	2,164	560
	4,633	1,622	3,011
	1,464	150	1,314
	1,563	859	704
	1,723	908	815
	111	113	-2
	222	248	-26
	100	151	-51
	407	335	72
	32	36	-4
	27	36	-9
	66	69	-3
	68	72	-4
	142	166	-24
	142	163	-21
	100	104	-4
	31	28	3
	28	30	-2
	203	125	78
	53	172	-119
	49	67	-18
	102	103	-1
	205	103	102
	358	340	18
	85	108	-23
	228	216	12
	73	71	2
	33	62	-29
	17	24	-7
	1,698	1,462	236
	261	218	43
	69	79	-10
	1,033	513	520
	26	35	-9
	5,809	4,359	1,450
	834	2,317	-1,483
	384	325	59
	1,686	1,409	277
	1,298	164	1,134
	1,427	623	804
	1,351	1,294	57
	1,346	677	669
	2,202	1,109	1,093
	1,863	1,028	835
	4,472	2,930	1,542
	2,220	2,393	-173
	1,991	652	1,339
	295,547	86,667	208,880
	38,951	38,185	766
	49,104	50,080	-976
	38,954	38,144	810
	47,949	49,264	-1,315
	57,872	58,151	-279
	45,088	45,380	-292
	2,032	2,048	-16
	1,162	872	290
	1,371	120	1,251
	1,319	142	1,177
	1,963	112	1,851
	3,026	318	2,708
	342	354	-12
	576	454	122
	41	33	8
	246	84	162
	211	232	-21
	48	24	24
	237	185	52
	277	208	69
	151	159	-8
	143	166	-23
	158	89	69
	93	85	8
	232	206	26
	126	139	-13
	339	323	16
	156	180	-24
	170	189	-19
	87	87
	292	293	-1
	164	256	-92
	196	226	-30
	145	150	-5
	103	85	18
	245	207	38
	89	58	31
	178	99	79
	160	166	-6
	113	68	45
	117	135	-18
	49	51	-2
	308	139	169
	52	33	19
	382	328	54
	177	104	73
	124	91	33
	47	47
	188	189	-1
	183	176	7
	70	62	8
	109	80	29
	114	37	77
	190	79	111
	89	97	-8
	1,244	2,232	-988
	971	1,274	-303
	1,813	2,405	-592
	1,397	142	1,255
	6,165	633	5,532
	1,579	638	941
	1,916	1,651	265
	1,510	1,771	-261
	755	1,150	-395
	2,408	1,966	442
	401	151	250
	2,064	1,776	288
	1,751	1,035	716
	1,657	1,080	577
	2,084	1,343	741
	206	243	-37
	160	101	59
	200	62	138
	105	51	54
	432	391	41
	131	123	8
	164	186	-22
	206	190	16
	337	143	194
	49,021	47,803	1,218
	59,650	58,234	1,416
	50,000	49,973	27
	1,486	1,596	-110
	3,539	468	3,071
	2,391	1,180	1,211
	5,380	4,201	1,179
	191	205	-14
	4,509	4,816	-307
	578	158	420
	5,410	5,825	-415
	54,222	52,583	1,639
	3,646	2,512	1,134
	2,126	171	1,955
	4,807	6,620	-1,813
	1,345	1,308	37
	3,056	3,455	-399
	2,863	4,610	-1,747
	1,917	2,146	-229
	1,622	1,564	58
	8,766	3,765	5,001
	1,874	1,427	447
	1,874	554	1,320
	1,931	679	1,252
	495	554	-59
	124	151	-27
	179	243	-64
	317	653	-336
	853	1,999	-1,146
	126	179	-53
	177	185	-8
	161	167	-6
	130	152	-22
	85	104	-19
	249	61	188
	103	130	-27
	157	151	6
	28	30	-2
	82	63	19
	41	69	-28
	78	76	2
	35	45	-10
	69	65	4
	92	108	-16
	80	58	22
	84	94	-10
	71	79	-8
	204	72	132
	66	104	-38
	98,582	94,280	4,302
	4,400	4,104	296
	880	766	114
	3,718	4,121	-403
	2,205	1,213	992
	5,035	3,005	2,030
	4,552	3,842	710
	2,184	1,137	1,047
	103	99	4
	413	311	102
	1,093	705	388
	546	14	532
	2,079	2,144	-65
	392	303	89
	1	3	-2
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843
			6,843

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			10
b			135
c			2
d			53
e			85
			-36
			13
			2
			-20
			-1,117
			32
			-60
			-67
			-37
			510
			-16
			-12
			14
			-104
			-12
			30
			-18
			19
			34
			-2
			118
			-7
			247
			100
			605
			211
			53
			1,335
			126
			-17
			-178
			107
			-1
			2,665
			895
			-17
			1,124
			-211
			-43
			-676
			500
			14,804
			1,778
			-204
			14,900
			2,627
			2,767
			-1,904
			12,076
			-391
			100
			2,845
			2,074
			952
			5,983
			605
			910
			7,378
			6
			3,018
			6,107
			2,632
			-62
			-128
			-324
			716
			20,367
			569
			1,735
			642
			-97
			1,740
			712
			1,683
			-189
			-123
			-16
			-78
			166
			-61
			32
			5,844
			93
			1,669
			1,380
			4,130
			148
			2,286
			-71
			335
			-756
			-149
			231
			641
			7
			1,320
			-1,001
			921
			-1,909

			-9
			365
			1,569
			886
			8,482
			4,414
			807
			-539
			1,201
			4,458
			1,620
			2,810
			-41
			275
			699
			312
			699
			451
			429
			1,464
			6,263
			1,290
			1,253
			481
			578
			2,813
			127
			657
			3,269
			560
			3,011
			1,314
			704
			815
			-2
			-26
			-51
			72
			-4
			-9
			-3
			-4
			-24
			-21
			-4
			3
			-2
			78
			-119
			-18
			-1
			102
			18
			-23
			12
			2
			-29
			-7
			236
			43
			-10
			520
			-9
			1,450
			-1,483
			59
			277
			1,134
			804
			57
			669
			1,093
			835
			1,542
			-173
			1,339
			208,880
			766
			-976
			810
			-1,315
			-279
			-292
			-16
			290
			1,251
			1,177
			1,851
			2,708
			-12
			122
			8
			162
			-21
			24
			52
			69
			-8
			-23
			69
			8
			26
			-13
			16
			-24
			-19

			-1
			-92
			-30
			-5
			18
			38
			31
			79
			-6
			45
			-18
			-2
			169
			19
			54
			73
			33

			-1
			7
			8
			29
			77
			111
			-8
			-988
			-303
			-592
			1,255
			5,532
			941
			265
			-261
			-395
			442
			250
			288
			716
			577
			741
			-37
			59
			138
			54
			41
			8
			-22
			16
			194
			1,218
			1,416
			27
			-110
			3,071
			1,211
			1,179
			-14
			-307
			420
			-415
			1,639
			1,134
			1,955
			-1,813
			37
			-399
			-1,747
			-229
			58
			5,001
			447
			1,320
			1,252
			-59
			-27
			-64
			-336
			-1,146
			-53
			-8
			-6
			-22
			-19
			188
			-27
			6
			-2
			19
			-28
			2
			-10
			4
			-16
			22
			-10
			-8
			132
			-38
			4,302
			296
			114
			-403
			992
			2,030
			710
			1,047
			4
			102
			388
			532
			-65
			89
			-2

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	437,323
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 .........................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	7,329
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	7,329
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	7,329
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	1,688
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	1,688
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	5,641
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)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. $ (2) On foundation managers.$

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

on foundation managers.$

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

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

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website addressN/A

The books are in care ofWELLS FARGO BANK NA Telephone no. (800) 352-3705

Located at100 N MAIN ST FL 5D4001-052WINSTON SALEMNC ZIP+427101

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........

and enter the amount of tax-exempt interest received or accrued during the year ........

16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country

Form 990-PF (2025)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

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)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2025? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2025?....................

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

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine

if the foundation had excess business holdings in 2025.).....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..

Form 990-PF (2025)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

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

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
WELLS FARGO BANK N A	TRUSTEE 1	78,701
100 N MAIN ST FL 5D4001-052 WINSTON SALEM,NC27101	TRUSTEE 1	78,701

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2025)

Page 7

Part VII

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

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

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2025)

Page 8

Part IX

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

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

purposes:

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

6,436,369

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

345,112

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

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

6,781,481

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

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

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

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

6,781,481

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

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

101,722

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

6,679,759

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

333,988

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)

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

333,988

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

7,329

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

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

7,329

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

326,659

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

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

326,659

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

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

326,659

Part XI

Qualifying Distributions (see instructions)

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

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

321,732

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

321,732

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					326,659
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				214,403
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: $ 321,732
a Applied to 2024, but not more than line 2a				214,403
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.....					107,329
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 ..........					219,330
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)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2025	(b) 2024	(c) 2023	(d) 2022	(e) Total

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

Part XIV

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

1Information Regarding Foundation Managers:

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

NONE

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.

NONE

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

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

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

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

cAny submission deadlines:

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

Form 990-PF (2025)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ST FRANCIS COMMUNITY KITCHEN 323 N COMSTOCK ROSEBURG,OR97471	NONE		GENERAL OPERATING	20,000
THE SALVATION ARMY 3130 NE STEPHENS ST ROSEBURG,OR97470	NONE		GENERAL OPERATING	7,700
THE TRUST FOR PUBLIC LAND PO BOX 889336 LOS ANGELES,CA900889336	NONE		GENERAL OPERATING	12,500
LIGHTHOUSE OF GOD MISSION PO BOX 1937 ROSEBURG,OR97470	NONE		GENERAL OPERATING	10,000
ALS NORTHWEST 825 NE MULTNOMAH ST STE 940 PORTLAND,OR97232	NONE		GENERAL OPERATING	5,000
SOURCE ONE SERENITY PO BOX 274 ROSEBURG,OR97470	NONE		GENERAL OPERATING	5,000
FRIENDS OF MYRTLE CREEK LIBRARY POST OFFICE BOX 910 MYRTLE CREEK,OR97457	NONE		GENERAL OPERATING	7,700
SUTHERLIN LIBRARY FOUNDATION 210 E CENTRAL AVENUE SUTHERLIN,OR97479	NONE		GENERAL OPERATING	15,000
DOUGLAS COMMUNITY LIBRARY ASSOCIATION PO BOX 812 CANYONVILLE,OR974170812	NONE		GENERAL OPERATING	8,000
LOWER UMPQUA HOSPITAL FOUNDATION 600 RANCH RD REEDSPORT,OR974671720	NONE		GENERAL OPERATING	25,000
ST JOSEPH COMMUNITY KITCHEN 800 W STANTON STREET ROSEBURG,OR974712732	NONE		GENERAL OPERATING	11,000
UNITED COMMUNITY ACTION NETWORK 251 NE GARDEN VALLEY BOULEVARD STE ROSEBURG,OR974701495	NONE		GENERAL OPERATING	10,000
SUNRISE ENTERPRISES OF ROSEBURG INC 423 NE WINCHESTER ST ROSEBURG,OR974703257	NONE		GENERAL OPERATING	6,200
SAFARI GAME SEARCH FOUNDATION PO BOX 1600 WINSTON,OR97496	NONE		GENERAL OPERATING	10,000
THE FRIENDLY KITCHEN PO BOX 744 WINCHESTER,OR97495	NONE		GENERAL OPERATING	20,000
FAMILY DEVELOPMENT DOUGLAS CNTY RELIEF 300 JERRYS DR ROSEBURG,OR974701132	NONE		GENERAL OPERATING	15,000
HIV ALLIANCE 1195 CITY VIEW ST EUGENE,OR97402	NONE		GENERAL OPERATING	6,900
SUTHERLIN OAKLAND EMERGENCY FOOD PANTRY PO BOX 84 SUTHERLIN,OR974790094	NONE		GENERAL OPERATING	20,000
LOWER UMPQUA MINISTERIAL ASSN CHURCH GOD 2191 BIRCH AVE REEDSPORT,OR974671128	NONE		GENERAL OPERATING	10,000
UMPQUA DISCOVERY CENTER TREASURE CHEST I PO BOX 622 REEDSPORT,OR974670622	NONE		GENERAL OPERATING	2,500
CASA OF DOUGLAS COUNTY INC 1253 NW HIGHLAND STREET ROSEBURG,OR97470	NONE		GENERAL OPERATING	7,500
ELKTON COMMUNITY EDUCATION CENTER PO BOX 684 ELKTON,OR97436	NONE		GENERAL OPERATING	10,000
THE FISH OF ROSEBURG 405 JERRYS DRIVE ROSEBURG,OR97470	NONE		GENERAL OPERATING	20,000
THE REEDSPORT COLLECTIVE 150 S 20TH ST REEDSPORT,OR974671215	NONE		GENERAL OPERATING	10,000
SUTHERLIN SCHOOL DISTRICT 531 EAST CENTRAL AVE SUTHERLIN,OR97479	NONE		GENERAL OPERATING	10,000
CITY OF ROSEBURG 900 SE DOUGLAS AVE ROSEBURG,OR97470	NONE		GENERAL OPERATING	15,000
Total ................................. 3a				300,000

bApproved for future payment

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

Form 990-PF (2025)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	155,043
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	437,323
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) ..				592,366

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

592,366

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2025)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

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

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2025)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
0641593U8 BANK OF NOVA SCOTIA
581557BQ7 MCKESSON CORP
91282CCZ2 US TREASURY NOTE
29444UBK1 EQUINIX INC
91282CET4 US TREASURY NOTE 2.6	41,938	44,462
91282CEC1 US TREASURY NOTE 1.8
02005NBQ2 ALLY FINANCIAL INC	32,678	35,305
023135CF1 AMAZON.COM INC
037833ET3 APPLE INC
097023DG7 BOEING CO	46,482	49,905
30303M8L9 META PLATFORMS INC	30,279	30,553
912810FF0 US TREASURY BOND 5.2	154,625	156,962
00206RHJ4 AT&T INC	24,907	25,130
023608AP7 AMEREN CORP	30,691	30,410
06051GLG2 VR BANK OF AMERICA	35,021	35,896
126650CX6 CVS HEALTH CORP	24,661	25,083
14913UAQ3 CATERPILLAR FINL SER	40,124	40,549
172967KU4 CITIGROUP INC	24,581	24,990
38141GWZ3 VR GOLDMAN SACHS 4.2	39,489	40,083
45687VAA4 INGERSOLL RAND INC	25,555	25,842
45866FAU8 INTERCONTINENTALEXCH	29,845	30,085
46647PDU7 VR JPMORGAN CHASE &	40,974	41,222
579780AR8 MCCORMICK & CO
61747YEZ4 VR MORGAN STANLEY 5.
67103HAM9 O'REILLY AUTOMOTIVE	30,807	30,404
693506BU0 PPG INDUSTRIES INC
78016FZS6 ROYAL BANK OF CANADA	40,021	40,278
842400HY2 SOUTHERN CAL EDISON	36,332	36,220
842587CV7 SOUTHERN CO	28,866	29,897
91282CFL0 US TREASURY NOTE	99,770	100,863
91282CHE4 US TREASURY NOTE	122,896	125,328
91282CJW2 US TREASURY NOTE	100,320	101,273
91282CKG5 US TREASURY NOTE	100,855	101,656
913017CY3 RTX CORP 4.125% 11/1	24,731	25,083
961214FK4 WESTPAC BANKING CORP	41,387	41,232
03027XCL2 AMERICAN TOWER CORP	29,887	30,719
11135FCK5 BROADCOM INC	40,834	40,641
20826FBJ4 CONOCOPHILLIPS COMPA	29,710	30,563
316773DK3 VR FIFTH THIRD BANCO	26,156	26,328
373334KY6 GEORGIA POWER CO	29,552	30,480
670346AZ8 NUCOR CORP	40,311	40,836
776696AG1 ROPER TECHNOLOGIES	24,852	25,236
824348AW6 SHERWIN-WILLIAMS CO	24,546	24,809
828807DF1 SIMON PROPERTY GROUP	37,034	37,812
857477DB6 STATE STREET CORP	30,231	30,886
87264ABF1 T-MOBILE USA INC	29,576	29,501
91159HJQ4 VR US BANCORP	40,774	41,428
91282CGQ8 US TREASURY NOTE	125,021	126,591
91282CHR5 US TREASURY NOTE	90,892	91,143
91282CPD7 US TREASURY NOTE	99,375	99,578

Name of Stock	End of Year Book Value	End of Year Fair Market Value
641069406 NESTLE S.A. REGISTER	3,727	5,038
92826C839 VISA INC-CLASS A SHR	6,003	13,327
75513E101 RTX CORP	5,481	14,672
02079K107 ALPHABET INC CL C	2,027	42,363
747525103 QUALCOMM INC	8,458	13,000
87612E106 TARGET CORP
11135F101 BROADCOM INC	4,851	38,763
192446102 COGNIZANT TECH SOLUT
749685103 RPM INTERNATIONAL IN	3,078	4,784
17275R102 CISCO SYSTEMS INC
94106L109 WASTE MANAGEMENT INC	5,922	10,107
826197501 SIEMENS AG - SPONSOR	1,993	5,878
548661107 LOWES COS INC	8,834	12,299
867224107 SUNCOR ENERGY INC NE	8,023	14,728
907818108 UNION PACIFIC CORP	6,429	14,111
969457100 WILLIAMS COS INC	1,822	6,312
58933Y105 MERCK & CO INC NEW	5,970	8,000
532457108 ELI LILLY & CO COM	1,426	20,419
742718109 PROCTER & GAMBLE CO	4,854	5,876
89151E109 TOTALENERGIES SE -SP
H2906T109 GARMIN LTD	2,813	6,288
G25839104 COCA-COLA EUROPACIFI
502441306 LVMH MOET HENNESSY U	10,329	13,573
80105N105 SANOFI-ADR	4,242	4,458
91324P102 UNITEDHEALTH GROUP I
172967424 CITIGROUP INC.	6,416	16,920
032654105 ANALOG DEVICES INC	10,186	15,187
904767704 UNILEVER PLC - ADR
609207105 MONDELEZ INTERNATION	11,565	11,950
459506101 INTERNATIONAL FLAVOR	7,691	5,593
150870103 CELANESE CORP
87807B107 TC ENERGY CORP	5,435	8,086
66987V109 NOVARTIS AG - ADR	5,003	10,616
86562M209 SUMITOMO TRUST AND B	3,553	9,182
65339F101 NEXTERA ENERGY INC	4,230	8,510
46625H100 JPMORGAN CHASE & CO	2,362	23,200
00287Y109 ABBVIE INC	12,923	24,220
G5960L103 MEDTRONIC PLC	4,782	5,571
478160104 JOHNSON & JOHNSON	9,914	13,038
686330101 ORIX CORPORATION - A
26441C204 DUKE ENERGY HOLDING	4,386	6,681
20030N101 COMCAST CORP CLASS A
56501R106 MANULIFE FINANCIAL C	3,830	10,993
883556102 THERMO FISHER SCIENT	3,916	11,589
251542106 DEUTSCHE BOERSE AG A	3,226	5,731
054536107 AXA - ADR	2,148	4,367
594918104 MICROSOFT CORP	5,626	66,740
G29183103 EATON CORP PLC	9,376	15,288
037833100 APPLE INC	1,541	60,897
889110102 TOKYO ELECTRON LTD-U	4,476	7,110
539830109 LOCKHEED MARTIN CORP	3,846	6,771
097023105 BOEING CO	9,514	15,416
911312106 UNITED PARCEL SERVIC
25157Y202 DEUTSCHE POST AG ADR	5,709	7,711
38141G104 GOLDMAN SACHS GROUP	2,885	11,427
09260D107 BLACKSTONE INC	4,488	12,023
30303M102 META PLATFORMS INC	14,998	32,344
872540109 TJX COMPANIES INC	4,105	9,370
251566105 DEUTSCHE TELEKOM AG	5,786	8,666
803054204 SAP SE ADR	3,464	8,016
927320101 VINCI SA ADR	5,206	7,146
57164Y107 MARRIOTT VACATIONS W
65558R109 NORDEA BANK ABP - SP	3,746	6,342
12572Q105 CME GROUP INC	8,019	11,196
26875P101 EOG RESOURCES, INC	10,415	8,821
009279100 AIRBUS SE - UNSP ADR	2,682	5,502
713448108 PEPSICO INC	7,732	7,176
7591EP100 REGIONS FINL CORP NE	5,212	7,398
501044101 KROGER CO
49271V100 KEURIG DR PEPPER INC	9,507	7,619
046353108 ASTRAZENECA PLC ADR	9,158	13,054
437076102 HOME DEPOT INC	7,809	8,603
00724F101 ADOBE INC	7,835	5,950
007903107 ADVANCED MICRO DEVIC	4,416	11,136
166764100 CHEVRON CORP	11,287	10,821
372460105 GENUINE PARTS CO
580135101 MCDONALDS CORP	15,464	17,115
718172109 PHILIP MORRIS INTERN	2,884	4,812
80687P106 SCHNEIDER ELECTRIC S
81783H105 SEVEN & I HOLDINGS C
855244109 STARBUCKS CORP COM	6,677	5,979
92334N103 VEOLIA ENVIRONNEMENT	4,219	4,757
023135106 AMAZON COM INC COM	28,784	34,623
09290D101 BLACKROCK INC	3,113	10,703
427866108 THE HERSHEY COMPANY
43300A203 HILTON WORLDWIDE HOL	8,781	12,065
433578507 HITACHI LIMITED - AD	3,844	6,490
49338L103 KEYSIGHT TECHNOLOGIE	8,066	9,144
502117203 L'OREAL - ADR	4,693	4,625
512807306 LAM RESH CORP	1,527	15,064
571748102 MARSH & MCLENNAN COS	10,971	9,276
767204100 RIO TINTO PLC - ADR	5,033	6,402
833034101 SNAP ON INC
G87052109 TE CONNECTIVITY PLC	2,904	9,328
00206R102 AT & T INC	7,627	7,775
002824100 ABBOTT LABS	9,474	8,770
018820100 ALLIANZ SE - UNSP AD	4,948	6,900
060505104 BANK OF AMERICA CORP	8,704	8,910
06738E204 BARCLAYS PLC - ADR	8,431	15,066
084670702 BERKSHIRE HATHAWAY I	8,510	8,042
191216100 COCA COLA CO	8,777	8,948
278865100 ECOLAB INC	5,897	5,775
448579102 HYATT HOTELS CORP	1,621	1,764
456837103 ING GROEP N.V. - ADR	9,056	9,296
620076307 MOTOROLA SOLUTIONS,	11,430	10,350
64110L106 NETFLIX INC	5,839	5,626
67066G104 NVIDIA CORP	11,444	17,531
79466L302 SALESFORCE INC	15,020	15,100
83192D402 SMARTSTOP SELF STORA	1,146	1,114
889094108 TOKIO MARINE HOLDING	5,072	4,623
90353T100 UBER TECHNOLOGIES IN	9,486	9,887
904767803 UNILEVER PLC ADR	13,917	16,568
931142103 WALMART INC	6,095	8,022
98419M100 XYLEM INC/NY	9,030	9,941
F92124100 TOTALENERGIES SE	11,245	14,262
N07059210 ASML HOLDING NV-NY R	6,367	9,629

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
464287606 ISHARES S&P MID-CAP	AT COST	91,208	348,768
92276F100 VENTAS INC COM	AT COST	9,440	13,619
29476L107 EQUITY RESIDENTIAL P
30225T102 EXTRA SPACE STORAGE	AT COST	6,933	9,115
464287234 ISHARES MSCI EMERGIN	AT COST	34,882	79,330
88146M101 TERRENO REALTY CORP
925652109 VICI PROPERTIES INC	AT COST	4,923	6,271
02665T306 AMERICAN HOMES 4 REN	AT COST	3,329	4,815
758849103 REGENCY CENTERS CORP	AT COST	5,888	6,489
70299PGP6 PARTNERS GROUP PRIVA	AT COST	57,211	180,911
29444U700 EQUINIX INC	AT COST	12,119	16,089
464287309 ISHARES S&P 500 GROW	AT COST	231,571	1,999,894
464287887 ISHARES S&P SMALL-CA	AT COST	16,405	85,402
46124J201 INVENTRUST PROPERTIE	AT COST	1,788	1,890
36467J108 GAMING AND LEISURE P	AT COST	3,853	3,352
78573L106 SABRA HEALTH CARE RE	AT COST	3,701	4,811
464287705 ISHARES S&P MID-CAP	AT COST	124,371	386,348
46187W107 INVITATION HOMES INC	AT COST	3,577	5,308
74340W103 PROLOGIS INC	AT COST	5,322	12,894
828806109 SIMON PROPERTY GROUP	AT COST	5,125	5,553
95040Q104 WELLTOWER INC	AT COST	5,372	18,747
053484101 AVALONBAY CMNTYS INC	AT COST	8,538	9,428
222795502 COUSINS PROPERTIES I	AT COST	3,537	2,965
297178105 ESSEX PPTY TR COM	AT COST	3,992	4,710
03027X100 AMERICAN TOWER CORP	AT COST	19,584	17,030
253868103 DIGITAL RLTY TR INC	AT COST	4,290	6,188
49427F108 KILROY REALTY CORP C	AT COST	3,666	2,280
804395101 SAUL CTRS INC COM	AT COST	611	315
464287879 ISHARES S&P SMALL-CA	AT COST	38,700	132,143
03064D108 AMERICOLD REALTY TRU
63633D104 NATIONAL HEALTH INVS	AT COST	1,580	2,215
11135E203 BROADSTONE NET LEASE
29472R108 EQUITY LIFESTYLE PPT	AT COST	3,154	2,788
398182303 AMERICAN HEALTHCARE	AT COST	756	2,777
42250P103 HEALTHPEAK PROPERTIE	AT COST	6,376	5,113
53566V106 LINEAGE INC
637417106 NNN REIT INC
64119V303 NETSTREIT CORP	AT COST	2,107	2,170
76169C100 REXFORD INDUSTRIAL R	AT COST	5,314	4,608
78377T107 RYMAN HOSPITALITY PR	AT COST	3,499	3,122
78410G104 SBA COMMUNICATIONS C
867892101 SUNSTONE HOTEL INVS
929042109 VORNADO REALTY TRUST	AT COST	2,513	2,130
962166104 WEYERHAEUSER CO	AT COST	1,728	1,232
22822V101 CROWN CASTLE INC	AT COST	5,269	5,066
277276101 EASTGROUP PPTYS INC	AT COST	4,057	4,097
444097406 HUDSON PACIFIC PROPE	AT COST	911	531
46284V101 IRON MOUNTAIN INC	AT COST	3,127	3,069
722005667 PIMCO COMMODITY REAL	AT COST	143,744	153,694

Description	Amount
MUTUAL FUND TIMING ADJ	2,547
CY PURCHASE OF ACCRUED INTEREST	1,207
PY PENDING SALES	231
ROC ON CY SALES	144
PY RETURN OF CAPITAL ADJUSTMENT	1,215
COST BASIS ADJ	130

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
FILING FEE/STATE TAX	520	0	520
INVESTMENT EXPENSES - ADR FEES	227	227	0
OTHER EXPENSE (NON-DEDUCTIBLE	7	7	0

Description	Amount
PY PURCHASE OF ACCRUED INTEREST	3,105
TAX LOT BASIS ADJUSTMENT	523

Category	Amount	Net Investment Income
FOREIGN TAXES	1,941	1,941
FEDERAL TAX PAYMENT - PRIOR YE	474	0
FEDERAL ESTIMATES - PRINCIPAL	1,688	0
FOREIGN TAXES ON NONQUALIFIED	145	145