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
GRACE F LAMB TRUST B
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 185
  Room/suite
City or town
PITTSBURGH
State or province
PA
Country  
ZIP or foreign postal code
152300185
A Employer identification number

13-6210810
B Telephone number (see instructions)

2129228065
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)$10,705,869J 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... 232,376 232,376  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 274,305
b Gross sales price for all assets on line 6a 5,273,605
7 Capital gain net income (from Part IV, line 2)... 274,305
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)....... Click to see attachment
List of Attached Documents:
// Content
350 350  
12 Total. Add lines 1 through 11........ 507,031 507,031  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 88,011 70,409   17,602
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).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
9,663 2,626   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)....... Click to see attachment
List of Attached Documents:
// Content
254 4   250
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 97,928 73,039 0 17,852
25 Contributions, gifts, grants paid....... 499,408 499,408
26 Total expenses and disbursements. Add lines 24 and 25 ................ 597,336 73,039 0 517,260
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -90,305
b Net investment income (if negative, enter -0-) 433,992
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.............      
2 Savings and temporary cash investments......... 104,270 282,781 282,781
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).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,477,117 Click to see attachment
List of Attached Documents:
// Content
8,208,742 		10,423,088
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) 8,581,387 8,491,523 10,705,869
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........ 8,581,387 8,491,523
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)..... 8,581,387 8,491,523
30 Total liabilities and net assets/fund balances (see instructions). 8,581,387 8,491,523
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
8,581,387
2
Enter amount from Part I, line 27a .....................
2
-90,305
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
1,142
4
Add lines 1, 2, and 3 ..........................
4
8,492,224
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
701
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
8,491,523
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 234. ALLSTATE CORP   2022-11-15 2025-01-10
b 152. APPLIED MATERIALS INC   2024-03-20 2025-01-10
c 63. APPLIED MATERIALS INC   2023-09-25 2025-01-10
d 256. BIO-TECHNE CORP   2024-02-21 2025-01-10
e 260. E Q T CORP   2024-12-13 2025-01-10
131. HUBBELL INC COM     2025-01-10
520. NEWMONT CORPORATION   2023-12-14 2025-01-10
213. PINDUODUO INC-ADR   2024-10-31 2025-01-10
34. ROPER TECHNOLOGIES INC   2024-02-21 2025-01-10
94. BIO-TECHNE CORP   2024-02-21 2025-01-13
24. ROPER TECHNOLOGIES INC   2024-02-21 2025-01-15
52. ROPER TECHNOLOGIES INC   2024-01-08 2025-01-15
30000. BROADCOM CRP / CAYM 3.5% 1/15/28   2020-07-16 2025-01-28
15000. BROADCOM CRP / CAYM 3.5% 1/15/28   2024-01-11 2025-01-28
162. BECTON DICKINSON AND COMPANY   2023-08-31 2025-01-29
127. BECTON DICKINSON AND COMPANY   2024-07-25 2025-02-06
76. BECTON DICKINSON AND COMPANY     2025-02-06
62. CONSTELLATION ENERGY   2023-09-25 2025-02-21
10000. AERCAP 4.45% 10/01/25   2019-10-11 2025-03-04
30000. AERCAP 4.45% 10/01/25     2025-03-04
87. GE VERNOVA LLC   2024-08-08 2025-03-10
59. APPLE INC     2025-03-12
239. CME GROUP INC     2025-03-12
200. CONOCOPHILLIPS   2024-03-20 2025-03-17
840. E Q T CORP     2025-03-17
660. UBER TECHNOLOGIES INC   2023-07-31 2025-03-17
331. SAREPTA THERAPEUTICS INC   2023-06-30 2025-03-20
25000. ARROW ELECTRONICS IN 2.95% 2/15/32     2025-04-02
164. DIAMONDBACK ENERGY INC   2024-12-13 2025-04-03
620. US BANCORP DEL   2024-10-24 2025-04-10
6. BERKSHIRE HATHAWAY INC DEL CL B   2023-09-25 2025-04-14
7. HUBSPOT INC   2023-06-30 2025-04-14
410. PURE STORAGE INC - CLASS A   2025-01-10 2025-04-14
190. SANOFI   2023-12-14 2025-04-15
40000. TSS 4.8 04/01/26 CORP 4.8% 4/01/26   2024-01-18 2025-04-15
5000. DISCOVERY COMMUNICATI 3.95% 3/20/28   2020-12-07 2025-04-16
470. SANOFI     2025-04-16
20000. TELEFONICA EMISIONES 4.103% 3/08/27   2017-03-07 2025-04-16
25000. ARROW ELECTRONICS IN 2.95% 2/15/32   2024-01-10 2025-04-22
660. INGERSOLL RAND INC   2024-02-21 2025-04-25
260. CHEWY INC - CLASS A   2023-09-25 2025-04-29
55. LULULEMON ATHLETICA INC   2024-01-08 2025-04-29
20000. DISCOVERY COMMUNICATI 3.95% 3/20/28     2025-05-13
120. DEXCOM INC   2025-01-15 2025-05-23
10000. COOPERAT RABOBANK UA 5.5% 10/05/26   2023-12-01 2025-05-28
14. ALPHABET INC/CA-CL A   2025-03-20 2025-05-29
153. ALPHABET INC/CA-CL A     2025-05-29
5000. ROYAL BANK OF SCOTLAND GROUP P   2024-08-14 2025-06-03
40000. ROYAL BANK OF SCOTLAND GROUP P   2024-01-10 2025-06-03
219. CONOCOPHILLIPS   2024-08-01 2025-06-04
97. CONOCOPHILLIPS   2024-03-20 2025-06-04
178. HOWMET AEROSPACE INC   2024-04-09 2025-06-16
1075.124 CHAMPLAIN MID CAP FUND-INS   2024-12-18 2025-06-17
14808.974 CHAMPLAIN MID CAP FUND-INS     2025-06-17
25684.932 BNY MELLON S/T US GVT SECS FD CL M   2019-11-01 2025-06-17
16694.404 BNYM INTL STCK-Y     2025-06-17
8150.193 BNYM GLBL EMRG MKTS-Y     2025-06-17
112. HOWMET AEROSPACE INC   2024-04-09 2025-06-17
4000. DISCOVERY COMMUNICATI 3.95% 3/20/28   2024-01-10 2025-06-23
237. ALPHABET INC/CA-CL A     2025-06-24
700. GENERAL MOTORS CO   2024-03-20 2025-06-30
232. 3M CO     2025-07-02
16000. DISCOVERY COMMUNICAT 3.95% 3/20/28   2024-01-10 2025-07-08
6000. ISHARES CORE S&P MID-CAP ETF   2025-06-17 2025-07-08
8240. ISHARES CORE S&P MID-CAP ETF   2021-11-18 2025-07-08
159. ALPHABET INC/CA-CL A   2023-04-14 2025-07-14
129. AMAZON COM INC   2024-03-20 2025-07-14
8. BERKSHIRE HATHAWAY INC DEL CL B   2023-09-25 2025-07-14
15. HOWMET AEROSPACE INC   2024-04-09 2025-07-14
13. HUBSPOT INC   2023-06-30 2025-07-14
27. INTUITIVE SURGICAL INC   2024-06-12 2025-07-14
64. NVIDIA CORP   2024-02-21 2025-07-14
86. JOHNSON CTLS INTL PLC   2025-06-16 2025-07-14
182. JOHNSON CTLS INTL PLC   2024-04-09 2025-07-14
27. INTUITIVE SURGICAL INC     2025-07-21
211. ZOETIS INC     2025-07-21
.125 CHEVRON CORPORATION   2025-04-03 2025-07-28
320. METLIFE INC   2024-10-04 2025-07-30
420. BAXTER INTERNATIONAL INC   2024-09-13 2025-07-31
640. BAXTER INTERNATIONAL INC     2025-07-31
73. HOWMET AEROSPACE INC   2024-04-09 2025-07-31
5000. ROYAL BANK OF CANADA 4.65% 1/27/26   2017-01-10 2025-08-05
35000. ROYAL BANK OF CANADA 4.65% 1/27/26     2025-08-05
200. BLOCK INC   2023-06-30 2025-08-06
32. GE VERNOVA LLC   2024-08-08 2025-08-11
10. SCHWAB CHARLES CORP NEW   2025-04-10 2025-08-15
588. JOHNSON CTLS INTL PLC   2024-04-09 2025-08-15
141. DANAHER CORP     2025-08-27
67. ALIGN TECHNOLOGY INC   2023-06-30 2025-09-03
85. ALIGN TECHNOLOGY INC   2023-06-30 2025-09-03
10000. LLOYDS BANKING GROUP 4.65% 3/24/26   2025-06-17 2025-09-03
35000. LLOYDS BANKING GROUP 4.65% 3/24/26   2016-08-25 2025-09-03
5000. LLOYDS BANKING GROUP 4.65% 3/24/26   2024-01-18 2025-09-03
240. DOMINION ENERGY INC   2024-04-09 2025-09-04
38. RENAISSANCERE HLDGS LTD   2023-12-14 2025-09-04
32. RENAISSANCERE HLDGS LTD   2023-12-14 2025-09-05
94. RENAISSANCERE HLDGS LTD   2023-12-14 2025-09-08
10000. DOWDUPONT INC 4.725% 11/15/28   2025-06-17 2025-09-09
40000. DOWDUPONT INC 4.725% 11/15/28     2025-09-09
40. GE VERNOVA LLC   2024-08-08 2025-09-09
710. BRISTOL-MYERS SQUIBB CO   2024-09-13 2025-09-18
5000. COMCAST CORP 3.15% 2/15/28   2025-06-17 2025-09-26
40000. COMCAST CORP 3.15% 2/15/28   2020-09-10 2025-09-26
5000. COMCAST CORP 3.15% 2/15/28   2024-08-14 2025-09-26
360. DEXCOM INC   2025-01-15 2025-09-26
240. PHILIP MORRIS INTERNATIONAL   2024-06-24 2025-10-07
26. DANAHER CORP   2025-03-17 2025-10-08
198. DANAHER CORP     2025-10-08
1090. AT&T INC     2025-10-21
2. MICROSOFT CORPORATION   2024-02-21 2025-10-22
27. MONGODB INC   2024-11-26 2025-10-22
830. AT&T INC     2025-10-23
1158. KENVUE INC     2025-10-24
822. KENVUE INC   2024-03-20 2025-10-27
100. COMERICA INC     2025-10-30
144. INTERCONTINENTAL EXCHANGE INC   2025-03-12 2025-10-30
30000. JOHN DEERE CAPITAL C 1.05% 6/17/26   2021-06-14 2025-11-06
5000. PFIZER INVESTMENT EN 4.65% 5/19/30   2025-06-17 2025-11-06
5000. TAKEDA PHARMACEUTICAL 5.0% 11/26/28   2020-08-11 2025-11-06
190. AMERICAN INTERNATIONAL GROUP   2025-01-10 2025-11-19
20. AMERICAN INTERNATIONAL GROUP   2020-06-11 2025-11-19
43. CUMMINS ENGINE INC     2025-11-19
17. IDEXX LABS INC   2025-07-21 2025-11-19
100. NEWMONT CORPORATION   2025-02-06 2025-11-19
104. ATLASSIAN CORP   2025-04-25 2025-11-21
152. BIONTECH SE-ADR   2025-04-14 2025-11-21
67. CARLISLE COMPANIES INC     2025-11-21
169. CHEVRON CORPORATION   2025-04-03 2025-11-21
300. CITIGROUP INC   2025-07-31 2025-11-21
99. MONGODB INC   2024-11-26 2025-11-21
240. NEWMONT CORPORATION   2025-02-06 2025-11-21
169. SHOPIFY INC-A W/I     2025-11-21
30. BLOCK INC   2025-10-22 2025-11-21
340. BLOCK INC   2023-06-30 2025-11-21
88. BIONTECH SE-ADR   2025-04-14 2025-11-24
44. ROYAL CARIBBEAN CRUISES LTD   2024-10-31 2025-12-04
79. ROYAL CARIBBEAN CRUISES LTD   2024-10-31 2025-12-05
26. LABCORP HOLDINGS INC   2024-07-25 2025-12-16
108. LABCORP HOLDINGS INC     2025-12-17
26508.918 BNYM FLTNG RT INC-Y     2025-12-18
33. LABCORP HOLDINGS INC   2024-06-12 2025-12-18
1000. NVIDIA CORP     2025-12-18
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(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 41,911   30,873 11,038
b 26,009   30,415 -4,406
c 10,780   8,581 2,199
d 18,798   18,243 555
e 12,772   11,824 948
55,212   53,746 1,466
20,294   21,476 -1,182
20,221   25,727 -5,506
17,138   18,588 -1,450
7,085   6,699 386
12,383   13,121 -738
26,830   27,278 -448
28,952   32,245 -3,293
14,476   14,313 163
40,018   45,284 -5,266
28,745   29,730 -985
17,202   19,984 -2,782
17,639   6,915 10,724
9,982   10,699 -717
29,945   29,598 347
23,546   15,304 8,242
12,783   13,242 -459
61,031   48,370 12,661
19,954   24,322 -4,368
43,132   32,563 10,569
48,425   32,544 15,881
24,493   37,907 -13,414
21,407   23,844 -2,437
23,427   26,804 -3,377
23,067   30,015 -6,948
3,179   2,163 1,016
3,766   3,723 43
16,962   26,368 -9,406
9,631   9,232 399
39,938   39,746 192
4,739   5,728 -989
23,991   22,615 1,376
19,805   19,969 -164
20,944   21,141 -197
49,447   58,439 -8,992
9,647   4,735 4,912
14,858   27,002 -12,144
19,000   22,755 -3,755
10,110   9,733 377
10,135   10,122 13
2,403   2,277 126
26,262   22,461 3,801
5,011   4,973 38
40,091   39,646 445
18,877   23,746 -4,869
8,361   11,796 -3,435
30,551   11,733 18,818
25,620   25,932 -312
352,898   456,382 -103,484
286,644   300,000 -13,356
391,651   349,813 41,838
180,853   227,050 -46,197
19,293   7,382 11,911
3,951   3,611 340
39,700   28,434 11,266
34,371   29,520 4,851
35,733   24,182 11,551
15,219   15,396 -177
381,052   363,780 17,272
523,312   474,522 48,790
28,809   17,286 11,523
29,081   22,727 6,354
3,818   2,884 934
2,753   989 1,764
7,047   6,914 133
14,022   11,514 2,508
10,549   4,302 6,247
9,133   8,968 165
19,329   11,899 7,430
13,971   11,462 2,509
31,154   38,139 -6,985
19   18 1
23,898   26,892 -2,994
9,507   16,756 -7,249
14,109   20,885 -6,776
12,749   4,812 7,937
4,999   5,336 -337
34,995   34,855 140
15,212   13,223 1,989
20,824   5,629 15,195
965   738 227
61,010   38,442 22,568
28,873   32,336 -3,463
9,091   23,726 -14,635
11,266   30,100 -18,834
10,003   9,943 60
35,009   36,459 -1,450
5,001   4,954 47
14,053   11,872 2,181
9,301   7,353 1,948
7,724   6,192 1,532
22,432   18,190 4,242
10,186   10,096 90
40,744   41,197 -453
24,162   7,036 17,126
32,426   34,770 -2,344
4,926   4,829 97
39,408   45,100 -5,692
4,926   4,834 92
24,128   29,198 -5,070
37,082   24,417 12,665
5,328   5,546 -218
40,574   44,087 -3,513
28,283   19,864 8,419
1,045   798 247
8,663   9,093 -430
20,385   14,760 5,625
17,332   23,564 -6,232
12,313   16,683 -4,370
7,755   6,805 950
21,621   24,363 -2,742
29,476   29,951 -475
5,099   5,026 73
5,111   6,267 -1,156
14,404   13,381 1,023
1,516   641 875
20,363   18,610 1,753
11,659   8,849 2,810
8,875   4,491 4,384
14,651   23,952 -9,301
14,664   15,463 -799
20,806   27,706 -6,900
25,344   24,764 580
29,136   28,486 650
31,420   33,340 -1,920
19,700   10,777 8,923
24,424   19,197 5,227
1,807   2,288 -481
20,481   22,479 -1,998
8,451   8,952 -501
11,404   9,118 2,286
20,425   16,371 4,054
6,712   5,491 1,221
27,740   21,797 5,943
288,947   300,097 -11,150
8,336   6,557 1,779
174,873   35,003 139,870
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
      90,126
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       11,038
b       -4,406
c       2,199
d       555
e       948
      1,466
      -1,182
      -5,506
      -1,450
      386
      -738
      -448
      -3,293
      163
      -5,266
      -985
      -2,782
      10,724
      -717
      347
      8,242
      -459
      12,661
      -4,368
      10,569
      15,881
      -13,414
      -2,437
      -3,377
      -6,948
      1,016
      43
      -9,406
      399
      192
      -989
      1,376
      -164
      -197
      -8,992
      4,912
      -12,144
      -3,755
      377
      13
      126
      3,801
      38
      445
      -4,869
      -3,435
      18,818
      -312
      -103,484
      -13,356
      41,838
      -46,197
      11,911
      340
      11,266
      4,851
      11,551
      -177
      17,272
      48,790
      11,523
      6,354
      934
      1,764
      133
      2,508
      6,247
      165
      7,430
      2,509
      -6,985
      1
      -2,994
      -7,249
      -6,776
      7,937
      -337
      140
      1,989
      15,195
      227
      22,568
      -3,463
      -14,635
      -18,834
      60
      -1,450
      47
      2,181
      1,948
      1,532
      4,242
      90
      -453
      17,126
      -2,344
      97
      -5,692
      92
      -5,070
      12,665
      -218
      -3,513
      8,419
      247
      -430
      5,625
      -6,232
      -4,370
      950
      -2,742
      -475
      73
      -1,156
      1,023
      875
      1,753
      2,810
      4,384
      -9,301
      -799
      -6,900
      580
      650
      -1,920
      8,923
      5,227
      -481
      -1,998
      -501
      2,286
      4,054
      1,221
      5,943
      -11,150
      1,779
      139,870
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 274,305
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 6,032
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 6,032
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 6,032
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 9,552
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 9,552
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 3,520
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax3,016 Refunded 11 504
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)
NY
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 addressN/A
14
The books are in care ofBNY MELLON NA Telephone no. (212) 922-8065

Located atPO BOX 185PITTSBURGHPA ZIP+4152300185
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)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
BNY MELLON N A TRUSTEE
1 		88,011    
PO BOX 185
PITTSBURGH,PA152300185
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
10,302,945
b
Average of monthly cash balances.......................
1b
154,948
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
10,457,893
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
10,457,893
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
156,868
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
10,301,025
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
515,051
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
515,051
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
6,032
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,032
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
509,019
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
509,019
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
509,019
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
517,260
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
517,260
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 7 509,019
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 51,892
b From 2021...... 2,171
c From 2022...... 116,127
d From 2023...... 2,593
e From 2024...... 0
f Total of lines 3a through e ........ 172,783
4Qualifying distributions for 2025 from Part
XI, line 4: $ 517,260
a Applied to 2024, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 509,019
e Remaining amount distributed out of corpus 8,241
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 5 181,024
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		51,892
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		129,132
10 Analysis of line 9:
a Excess from 2021 .... 2,171
b Excess from 2022 .... 116,127
c Excess from 2023 .... 2,593
d Excess from 2024 .... 0
e Excess from 2025 .... 8,241
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).)
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)
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

MEMORIAL SLOAN-KETTERING CANCER CTR

PO BOX 5028
HAGERSTOWN,MD217415028 		NONE   GENERAL OPERATING 249,704

NEW YORK PRESBYTERIAN HOSPITAL

525 EAST 68TH STREET BOX 123
NEW YORK,NY10065 		NONE   GENERAL OPERATING 249,704
Total ................................. 3a 499,408
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 ....     14 232,376  
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 ............ 		    18 274,305  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    1 350  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   507,031  
13Total. Add line 12, columns (b), (d), and (e)..................
13
507,031
(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 InvestmentsOtherSchedule2
Name:
GRACE F LAMB TRUST B
EIN:
13-6210810
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
037833100 APPLE INC AT COST 124,005 343,631
87938WAT0 TELEFONICA EMISIONES      
46625H100 J P MORGAN CHASE & C AT COST 36,262 117,933
594918104 MICROSOFT CORPORATIO AT COST 134,985 422,684
02079K305 ALPHABET INC/CA-CL A AT COST 59,653 367,149
53944YAB9 LLOYDS BANKING GROUP      
91324P102 UNITED HEALTH GROUP AT COST 27,494 44,565
929089100 VOYA FINANCIAL INC AT COST 33,485 46,929
023135106 AMAZON COM INC AT COST 108,839 285,986
060505104 BANK OF AMERICA CORP AT COST 66,535 96,800
026874784 AMERICAN INTERNATION AT COST 8,769 28,232
780082AD5 ROYAL BANK OF CANADA      
05587K857 BNYM INTL STCK-Y      
05589K400 BNYM FLTNG RT INC-Y      
05588F709 BNY MELLON DEVELOPED AT COST 107,025 104,299
05569M780 BNY MELLON S/T US GV      
05588E850 BNY MELLON HIGH YIEL AT COST 117,706 99,499
00774MAG0 AERCAP      
12572Q105 CME GROUP INC AT COST 24,875 38,231
26078JAD2 DOWDUPONT INC      
035240AQ3 ANHEUSER-BUSCH INBEV AT COST 52,004 51,008
337738AU2 FISERV INC AT COST 50,373 48,488
482480AG5 K L A-TENCOR CORP AT COST 52,491 50,114
20030NCA7 COMCAST CORP      
713448EZ7 PEPSICO INC 1.625% 5 AT COST 46,176 45,284
254687FX9 WALT DISNEY COMPANY/ AT COST 54,838 51,446
00206RHJ4 A T & T INC AT COST 56,537 50,261
11134LAR0 BROADCOM CRP / CAYM      
25470DAR0 DISCOVERY COMMUNICAT      
G8994E103 TRANE TECHNOLOGIES P AT COST 2,794 43,980
874060AW6 TAKEDA PHARMACEUTICA AT COST 50,386 46,050
031162CT5 AMGEN INC AT COST 49,483 49,050
05971KAG4 BANCO SANTANDER S.A. AT COST 51,069 49,998
00766Y513 CHAMPLAIN MID CAP FU      
05588L409 BNYM GLBL EMRG MKTS-      
464287507 ISHARES TR S&P MIDCA      
24422EVR7 JOHN DEERE CAPITAL C      
00771X419 G Q G PART EMERG MKT AT COST 218,408 216,034
501044DQ1 KROGER CO AT COST 49,360 48,461
25160PAH0 DEUTSCHE BANK NY AT COST 45,571 49,173
10373QBT6 B P CAP MARKETS AMER AT COST 47,629 50,092
020002101 ALLSTATE CORP COM      
62954HAV0 N X P BV/NXP FDG/NXP AT COST 47,977 50,082
04273WAC5 ARROW ELECTRONICS IN      
517834107 LAS VEGAS SANDS CORP AT COST 30,747 57,279
31618H283 FIDELITY ADV INTL SM AT COST 82,483 94,746
00206R102 AT&T INC AT COST 18,866 28,318
46647PBD7 J P MORGAN CHASE BAN AT COST 44,600 49,247
00287YBX6 ABBVIE INC 3.2% 11/2 AT COST 46,394 48,489
016255101 ALIGN TECHNOLOGY INC      
038222105 APPLIED MATERIALS IN AT COST 23,019 43,431
04621X108 ASSURANT INC AT COST 59,849 67,679
06738ECD5 BARCLAYS PLC 7.385% AT COST 47,814 47,558
075887109 BECTON DICKINSON AND      
084670702 BERKSHIRE HATHAWAY I AT COST 93,560 135,716
097023DC6 BOEING CO AT COST 45,456 48,030
16679L109 CHEWY INC - CLASS A AT COST 20,513 37,347
17275R102 CISCO SYSTEMS INC AT COST 71,225 104,761
172967PA3 CITIGROUP INC AT COST 46,529 48,995
21037T109 CONSTELLATION ENERGY AT COST 19,407 61,469
21688AAY8 COOPERAT RABOBANK UA AT COST 30,367 30,381
22160N109 COSTAR GROUP INC AT COST 44,756 36,310
235851102 DANAHER CORP COMMON      
25746U109 DOMINION ENERGY INC AT COST 38,943 46,872
35671D857 FREEPORT-MCMORAN INC AT COST 53,614 60,440
38141GZM9 GOLDMAN SACHS GROUP AT COST 47,218 50,668
443573100 HUBSPOT INC AT COST 42,019 31,703
452327109 ILLUMINA INC AT COST 40,489 36,069
46120E602 INTUITIVE SURGICAL I AT COST 22,068 33,415
56585A102 MARATHON PETROLEUM C AT COST 24,417 26,671
64110L106 NETFLIX COM INC AT COST 25,425 46,880
651639106 NEWMONT CORPORATION AT COST 19,310 42,936
67066G104 NVIDIA CORP AT COST 49,253 381,579
716973AD4 PFIZER INVESTMENT EN AT COST 42,796 45,889
759916109 REPLIGEN CORP AT COST 34,333 35,885
80105N105 SANOFI-SYNTHELABO      
803607100 SAREPTA THERAPEUTICS      
852234103 BLOCK INC      
90353T100 UBER TECHNOLOGIES IN      
92338C103 VERALTO CORP-W/I AT COST 39,340 46,398
G25508105 CRH PLC AT COST 26,589 57,408
G7496G103 RENAISSANCERE HLDGS      
031100100 AMETEK INC NEW AT COST 51,805 60,156
06051GMA4 BANK OF AMERICA CORP AT COST 50,040 52,086
06368LWU6 BANK OF MONTREAL AT COST 46,370 46,917
071813109 BAXTER INTL INC COM      
09073M104 BIO-TECHNE CORP      
110122108 BRISTOL-MYERS SQUIBB AT COST 30,354 30,206
126650DT4 CVS HEALTH CORP AT COST 49,704 51,368
17275RBR2 CISCO SYSTEMS INC AT COST 45,064 46,188
20825C104 CONOCOPHILLIPS      
25278X109 DIAMONDBACK ENERGY I AT COST 36,136 38,184
254687106 WALT DISNEY CO/THE AT COST 64,161 64,508
26884L109 E Q T CORP AT COST 32,689 51,992
320517105 FIRST HORIZON NATL C AT COST 23,873 37,762
36828A101 GE VERNOVA LLC AT COST 8,255 30,718
37045V100 GENERAL MOTORS CO      
37045XER3 GENERAL MOTORS FINL AT COST 49,806 52,591
375558103 GILEAD SCIENCES INC AT COST 56,425 68,366
38141G104 GOLDMAN SACHS GROUP AT COST 51,703 109,875
404280DV8 H S B C HOLDINGS PLC AT COST 46,845 48,939
443201108 HOWMET AEROSPACE INC AT COST 25,179 78,318
443510607 HUBBELL INC COM AT COST 78,043 91,487
45687V106 INGERSOLL RAND INC      
458140CL2 INTEL CORP AT COST 48,815 50,629
460146103 INTERNATIONAL PAPER AT COST 36,509 30,724
464287804 ISHARES CORE S&P SMA AT COST 326,907 360,540
49177J102 KENVUE INC      
502431109 L3HARRIS TECHNOLOGIE AT COST 58,709 79,557
504922105 LABCORP HOLDINGS INC      
550021109 LULULEMON ATHLETICA      
59156R108 METLIFE INC      
60937P106 MONGODB INC      
61747YFK6 MORGAN STANLEY AT COST 50,753 51,329
620076BN8 MOTOROLA SOLUTIONS I AT COST 49,094 50,600
681919106 OMNICOM GROUP INC AT COST 53,155 45,220
68389XAV7 ORACLE CORP AT COST 45,486 45,214
718172109 PHILIP MORRIS INTERN      
718546104 PHILLIPS 66 AT COST 36,311 29,808
722304102 PINDUODUO INC-ADR      
776696106 ROPER TECHNOLOGIES I      
780097BA8 ROYAL BANK OF SCOTLA      
86562MCR9 SUMITOMO MITSUI FINL AT COST 46,182 46,348
87264ABF1 T-MOBILE USA INC AT COST 47,442 49,169
88579Y101 3M CO      
891906AC3 TSS 4.8 04/01/26 COR      
902973304 US BANCORP DEL      
92343VEA8 VERIZON COMMUNICATIO AT COST 48,326 49,208
95000U2L6 WELLS FARGO & COMPAN AT COST 49,680 50,331
98978V103 ZOETIS INC      
G0403H108 AON PLC/IRELAND A AT COST 37,330 40,934
G51502105 JOHNSON CTLS INTL PL      
G5960L103 MEDTRONIC PLC AT COST 85,309 96,060
H01301128 ALCON INC AT COST 49,390 43,346
V7780T103 ROYAL CARIBBEAN CRUI      
00774MBC8 AERCAP IRELAND CAP/G AT COST 46,236 46,592
05464C101 AXON ENTERPRISE INC AT COST 39,949 38,619
08265T208 BENTLEY SYSTEMS INC AT COST 33,325 27,479
11135F101 BROADCOM INC AT COST 111,099 147,439
11135FCF6 BROADCOM INC AT COST 50,196 51,586
125523CZ1 CIGNA GROUP/THE AT COST 50,162 50,901
126408103 C S X CORP AT COST 38,245 43,500
14040H105 CAPITAL ONE FINANCIA AT COST 32,443 43,867
14040HDM4 CAPITAL ONE FINANCIA AT COST 49,901 49,927
147528103 CASEYS GENERAL STORE AT COST 33,598 33,163
14949P208 CAUSEWAY INTL VALUE AT COST 400,000 428,832
174610BJ3 CITIZENS FINANCIAL G AT COST 49,882 51,378
20030NDG3 COMCAST CORP AT COST 48,509 48,492
200340107 COMERICA INC AT COST 31,883 40,857
231021106 CUMMINS ENGINE INC AT COST 26,064 31,137
247361702 DELTA AIR LINES INC AT COST 28,941 33,312
25659T107 DOLBY LABORATORIES I AT COST 39,273 32,110
260003108 DOVER CORPORATION AT COST 39,373 43,929
291011104 EMERSON ELECTRIC COM AT COST 44,539 43,930
30231G102 EXXON MOBIL CORP AT COST 74,331 78,101
30303M102 META PLATFORMS INC AT COST 134,303 126,737
345370860 FORD MOTOR CO DEL AT COST 27,368 33,062
444859102 HUMANA INC AT COST 63,751 60,959
45168D104 IDEXX LABS INC AT COST 22,382 29,091
46434G764 ISHARES MSCI EMERGIN AT COST 182,501 218,040
47803W703 J H III DISC MID CAP AT COST 450,000 425,077
478160104 JOHNSON & JOHNSON AT COST 98,996 125,205
518439104 ESTEE LAUDER COMPANI AT COST 62,975 71,210
57636Q104 MASTERCARD INC AT COST 38,262 39,391
639057AV0 NATWEST GROUP PLC AT COST 50,172 51,325
680223104 OLD REPUBLIC INTERNA AT COST 44,858 45,184
704326AB3 PAYCHEX INC AT COST 50,143 51,780
717081103 PFIZER INC AT COST 36,571 34,611
74256W584 PRINCIPAL MIDCAP FUN AT COST 450,000 407,890
78017DAC2 ROYAL BK CDA AT COST 41,037 41,180
808513105 SCHWAB CHARLES CORP AT COST 22,878 30,972
81762P102 SERVICENOW INC AT COST 58,098 44,425
82509L107 SHOPIFY INC-A W/I AT COST 20,098 31,389
871607107 SYNOPSYS INC AT COST 61,982 70,458
871607AD9 SYNOPSYS INC AT COST 50,025 51,056
882508104 TEXAS INSTRUMENTS IN AT COST 31,777 30,708
883556102 THERMO FISHER SCIENT AT COST 96,483 107,198
89788MAU6 TRUIST FINL CORP AT COST 35,898 35,956
L8681T102 SPOTIFY TECHNOLOGY S AT COST 38,257 38,327

TY 2025 OtherDecreasesSchedule
Name:
GRACE F LAMB TRUST B
EIN:
13-6210810
Description Amount
MUTUAL FUND TIMING ADJ 389
CY PURCHASE OF ACCRUED INTEREST 45
COST BASIS ADJUSTMENT 267


TY 2025 OtherExpensesSchedule
Name:
GRACE F LAMB TRUST B
EIN:
13-6210810
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE INCOME TAXES - PRINCIPAL 250 0   250
INVESTMENT EXPENSES-DIVIDEND I 4 4   0


TY 2025 OtherIncomeSchedule2
Name:
GRACE F LAMB TRUST B
EIN:
13-6210810
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 350 350  


TY 2025 OtherIncreasesSchedule
Name:
GRACE F LAMB TRUST B
EIN:
13-6210810
Description Amount
PY PURCHASE OF ACCRUED INTEREST 1,142


TY 2025 TaxesSchedule
Name:
GRACE F LAMB TRUST B
EIN:
13-6210810
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 1,418 1,418   0
FEDERAL ESTIMATES - PRINCIPAL 7,037 0   0
FOREIGN TAXES ON NONQUALIFIED 1,208 1,208   0