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
Thornwell Family Foundation

Number and street (or P.O. box number if mail is not delivered to street address) 4200 Northside Pkwy Bldg 14 250
Room/suite

City or town
Atlanta

State or province
GA

Country

ZIP or foreign postal code
30327

A Employer identification number

81-0716497

B Telephone number (see instructions)

4703599275

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)$55,465,804J 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)		77
2	Check .................
3	Interest on savings and temporary cash investments		0		0	0
4	Dividends and interest from securities...		923,490		923,490
5a	Gross rents............		349,000		349,000	0
b	Net rental income or (loss) 229,032
6a	Net gain or (loss) from sale of assets not on line 10			475,765
b	Gross sales price for all assets on line 6a 10,265,342
7	Capital gain net income (from Part IV, line 2)...				475,765
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances	0
b	Less: Cost of goods sold....	0
c	Gross profit or (loss) (attach schedule).....			0
11	Other income (attach schedule).......			0	0	0
12	Total. Add lines 1 through 11........		1,748,332		1,748,255	0
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		List of Attached Documents: // Content	1,490	1,490	0	0
b	Accounting fees (attach schedule).......		List of Attached Documents: // Content	19,675	14,756	0	4,919
c	Other professional fees (attach schedule)....		List of Attached Documents: // Content	376,728	376,728	0	0
17	Interest...............		39		20		20
18	Taxes (attach schedule) (see instructions)...		List of Attached Documents: // Content	68,117	117	0	0
19	Depreciation (attach schedule) and depletion...		List of Attached Documents: // Content	118,104	118,104	0
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		List of Attached Documents: // Content	3,644	1,824	0	1,822
24	Total operating and administrative expenses.
	Add lines 13 through 23..........		587,797		513,039	0	6,761
25	Contributions, gifts, grants paid.......		1,792,939				1,792,939
26	Total expenses and disbursements. Add lines 24 and 25 ................		2,380,736		513,039	0	1,799,700
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements		-632,404
b	Net investment income (if negative, enter -0-)				1,235,216
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.............	1,811,045	2,224,856	2,224,856
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts	0	0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts	0	0	0
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....	0	0	0
	7	Other notes and loans receivable (attach schedule) 0
		Less: allowance for doubtful accounts 0	0	0	0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	0	0	0
	b	Investments—corporate stock (attach schedule).......	36,512,738	List of Attached Documents: // Content 39,450,701	39,450,701
	c	Investments—corporate bonds (attach schedule).......	5,901,458	List of Attached Documents: // Content 6,097,302	6,097,302
	11	Investments—land, buildings, and equipment: basis 5,820,000
		Less: accumulated depreciation (attach schedule) 216,525	5,721,579	List of Attached Documents: // Content 5,603,475	5,603,475
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,932,149	List of Attached Documents: // Content 2,089,470	2,089,470
	14	Land, buildings, and equipment: basis 0
		Less: accumulated depreciation (attach schedule) 0	0		0
	15	Other assets (describe )	0	0	0
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	51,878,969	55,465,804	55,465,804
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons	0	0
	21	Mortgages and other notes payable (attach schedule)......	0	0
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	51,878,969	55,465,804
	29	Total net assets or fund balances (see instructions).....	51,878,969	55,465,804
	30	Total liabilities and net assets/fund balances (see instructions).	51,878,969	55,465,804

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) ...............

51,878,969

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

-632,404

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

List of Attached Documents:

// Content

4,219,239

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

55,465,804

Decreases not included in line 2 (itemize)

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

55,465,804

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
1 a	Stock Sales	P
b	Capital Gains Dividends
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	10,454,277	10,356,104	98,173
b	377,592		377,592
c
d
e

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		0	98,173
b		0	377,592
c
d
e

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	475,765
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	17,170
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-) List of Attached Documents: // Content	2	0
3	Add lines 1 and 2...........................	3	17,170
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	17,170
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	42,248
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	42,248
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
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	25,078
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax25,078	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. $ 0(2) On foundation managers.$ 0

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

on foundation managers.$ 0

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? ................

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 .

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 ofMEADOW CREEK WEALTH ADVISORS Telephone no. (470) 359-9275

Located at4200 Northside Pkwy Bldg 14 St 250AtlantaGA ZIP+430327

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)

(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
Katherine Thornwell Stautberg	President 2.00	0	0
4200 Northside Pwky Bldg 14 Ste 250 Atlanta,GA30327	President 2.00	0	0
Rembert Marshall Thornwell	Director 0.50	0	0
4200 Northside Pwky Bldg 14 Ste 250 Atlanta,GA30327	Director 0.50	0	0
Katherine Conrad Thornwell	Secretary 0.50	0	0
4200 Northside Pwky Bldg 14 Ste 250 Atlanta,GA30327	Secretary 0.50	0	0
Timothy Edward Stautberg	Treasurer 2.00	0	0
4200 Northside Pwky Bldg 14 Ste 250 Atlanta,GA30327	Treasurer 2.00	0	0

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










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
Meadow Creek Wealth Advisors	Wealth Management	358,638
4200 Northside Pkwy NW Bldg 14 STE 250 Atlanta,GA30327	Wealth Management	358,638

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.........................0

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...................

46,582,113

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

1,429,292

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

5,603,475

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

53,614,880

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.........................

53,614,880

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

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

804,223

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

52,810,657

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

2,640,533

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..................

2,640,533

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

17,170

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

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

17,170

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

2,623,363

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

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

2,623,363

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

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

2,623,363

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) ..........

1,799,700

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. .......

1,799,700

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					2,623,363
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				1,270,310
b Total for prior years:20 , 20, 2021			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: $ 1,799,700
a Applied to 2024, but not more than line 2a				1,270,310
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.....					529,390
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......
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 ..........					2,093,973
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
Activities Beyond The Classroom 635 West 7th St Suite 301 Cincinnati,OH45203	None		To Support Charity	5,000
Atlanta Volunteer Lawyers Foundation Inc 352 University Ave SW N-118 Atlanta,GA30310	None		To Support Charity	20,000
Baptist Health Foundation 841 Prudential Drive Suite 1300 Jacksonville,FL32207	None		To Support Charity	10,000
Beaches Community Fund (The Community Foundation for Northeast Florida) 245 Riverside Avenue Ste 310 Jacksonville,FL32202	None		To Support Charity	50,000
Big Brothers Big Sisters of Greater Cincinnati 615 Elsinore Place Cincinnati,OH45202	None		To Support Charity	5,000
The Boyce L Ansley School Inc 120 Ralph McGill Blvd Bldg 3 B1 Atlanta,GA30308	None		To Support Charity	150,000
Brothers Keeper Veterans Foundation 1610 54th Ave N Ste 225 Box 20 Nashville,TN37209	None		To Support Charity	20,000
Catholic Charities of Southwestern Ohio 7162 Reading Road 600 Cincinnati,OH45237	None		To Support Charity	100,000
Central Asia Institute PO Box 7209 Bozeman,MT59771	None		To Support Charity	2,000
Changing Gears 2015 Central Avenue Cincinnati,OH45214	None		To Support Charity	10,000
Child Focus 4629 Aicholtz Rd Cincinnati,OH45244	None		To Support Charity	5,000
Cincinnati Urban Promise 2420 Harrison Ave Cincinnati,OH45211	None		To Support Charity	5,000
CISE 100 East Eighth Street Cincinnati,OH45202	None		To Support Charity	100,000
City Gospel Mission 1805 Dalton Ave Cincinnati,OH45214	None		To Support Charity	5,000
Darien Book Aid Plan Inc 1926 Post Road Darien,CT06820	None		To Support Charity	3,000
Greater Cincinnati Foundation fbo Katherine and Tim Stautberg Family Fund 720 E Pete Rose Way Cincinnati,OH45202	None		To Support Charity	100,000
K9S For Warriors 114 Camp K9 RD Ponte Vedra,FL32081	None		To Support Charity	10,000
Last Mile Food Rescue 1775 Mentor Ave 405 Cincinnati,OH45212	None		To Support Charity	25,000
Legal Aid Society of Cincinnati 215 E 9th st Suite 200 Cincinnati,OH45202	None		To Support Charity	25,000
Life Care Ponte Vedra Inc 1000 Vicars Landing Way Ponte Vedra Beach,FL32082	None		To Support Charity	10,000
Lighthouse Youth Services Inc 401 E McMillan Street Cincinnati,OH45206	None		To Support Charity	20,000
LISC Jacksonville 100 N Laura St Ste 600 Jacksonville,FL32202	None		To Support Charity	100,000
MARR Addiction Treatment Centers 2815 Clearview Place Doraville,GA30340	None		To Support Charity	100,000
Matthew 25 Ministries 11060 Kenwood Road Blue Ash,OH45242	None		To Support Charity	100,000
Meals on Wheels Southwest OH & Northern KY 2091 Radcliff Dr Cincinnati,OH45204	None		To Support Charity	100,000
MUST Ministries PO Box 1717 Marietta,GA30061	None		To Support Charity	20,000
Orchard Village 7660 Gross Point Rd Skokie,IL60077	None		To Support Charity	10,000
Our Giving Garden 79 Cooper Lake Road SE Mableton,GA30126	None		To Support Charity	10,000
People Working Cooperatively 4612 Paddock Road Cincinnati,OH45229	None		To Support Charity	250,000
Raymond James Charitable fbo David and Terri Dozier Family Fund PO Box 23559 St Petersburg,FL33742	None		To Support Charity	101,453
Raymond James Charitable fbo Rembert and Katherine Thornwell Family Fund PO Box 23559 St Petersburg,FL33742	None		To Support Charity	101,487
Refugee Connect 2692 Madison Road Suite N1 395 Cincinnati,OH45208	None		To Support Charity	5,000
Salvation Army of St Augustine 1425 Old Dixie HWY St Augustine,FL32084	None		To Support Charity	5,000
Society of St Vincent De Paul Cincinnati 1125 Bank Street Cincinnati,OH45214	None		To Support Charity	10,000
St Augustine Youth Services 201 Simone Way St Augustine,FL32086	None		To Support Charity	20,000
St Xavier High School 600 W North Bend RD Cincinnati,OH452241499	None		To Support Charity	50,000
The Craddock Center PO Box 69 Cherry Log,GA30522	None		To Support Charity	25,000
The Sobriety Resource Inc 3918 Ardsley Drive Marietta,GA30062	None		To Support Charity	25,000
Thornwell Home for Children 302 South Broad St Clinton,SC29325	None		To Support Charity	20,000
Wellroot Family Services 1967 Lakeside Parkway Suite 400 Tucker,GA30084	None		To Support Charity	20,000
World Pediatrics 1328 Peachtree St NE Atlanta,GA30309	None		To Support Charity	20,000
Xavier Jesuit Academy 1601 California Avenue Cincinnati,OH45237	None		To Support Charity	20,000
Total ................................. 3a				1,792,940

bApproved for future payment

Total ................................. 3b				0

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	923,490
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	229,032	0
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	475,765
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) ..		0		1,628,287	0

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

1,628,287

(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:	25022866
Software Version:	2025v4.1

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2025 AccountingFeesSchedule

Name:

Thornwell Family Foundation

EIN:

81-0716497

Software ID:

25022866

Software Version:

2025v4.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accounting Fees	19,675	14,756		4,919

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2025 DepreciationSchedule

Name:

Thornwell Family Foundation

EIN:

81-0716497

Software ID:

25022866

Software Version:

2025v4.1

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included
Peaches Land, LLC - Land	2024-02-25	1,213,913		L
Peaches Land, LLC - Building	2024-02-25	4,606,087	98,421	SL	39.0	118,104	118,104

- TIN:

TY 2025 GeneralExplanationAttachment

Name:

Thornwell Family Foundation

EIN:

81-0716497

Software ID:

25022866

Software Version:

2025v4.1

Identifier	Return Reference	Explanation
Kind and Location of Property	Form 990-PF, Part I, Line 5a	3340 Canoe Creek Rd. Saint Cloud, Florida 34772

- TIN:

TY 2025 InvestmentsCorpBondsSchedule

Name:

Thornwell Family Foundation

EIN:

81-0716497

Software ID:

25022866

Software Version:

2025v4.1

Name of Bond	End of Year Book Value	End of Year Fair Market Value
Air Lease Corp	152,462	152,462
Aker BP ASA SR GIBI	146,730	146,730
American Tower Corp	158,040	158,040
Ashtead Cap Inc	209,682	209,682
Bank America Corp Medium Term Note	199,510	199,510
Bank Nova Scotia Halifax	146,145	146,145
Barclays Plc	182,240	182,240
Bat Capital Corp Sr GIBI	159,140	159,140
Bemis Company Inc	139,061	139,061
Celanese US Hldgs LLC	0	0
Citigroup Inc	76,961	76,961
Cvs Health Corp	154,676	154,676
Dcp Midstream LLC	163,094	163,094
Dell Intl LLC Emc Corp	135,174	135,174
Duke Energy Corp	149,505	149,505
Element Fleet Management Corp	158,198	158,198
Energy Transfer L P	162,032	162,032
General Mtrs Finl Co Inc	157,772	157,772
Georgia Power Company	159,087	159,087
Goldman Sachs Group Inc	194,933	194,933
HCA Inc	156,057	156,057
HF Sinclair Corp	150,027	150,027
Invitation Homes Oper Partner	155,312	155,312
John Deere Capital Corporation Medium Term Note	155,108	155,108
Jpmorgan Chase Co	219,588	219,588
Mattel Inc	151,040	151,040
Mircon Technology Inc	159,300	159,300
Morgan Stanley Sub F	204,879	204,879
Nextera Energy Cap Hldgs Inc	153,518	153,518
Ngpl Pipeco LLC	174,111	174,111
Nvent Fin S A R L	156,428	156,428
Pacific Gas Elec Co	155,786	155,786
Rio Tinto Fin USA Plc	154,565	154,565
Roger Communications Inc	151,140	151,140
Sempra Infrastructure Partners L P	51,287	51,287
Store Cap Corp	136,563	136,563
Suntrust Capital	283,244	283,244
Toll Bros Finance Corp	147,534	147,534
Viatris Inc	0	0
Warnermedia Hldgs Inc	0	0
Wells Fargo Company Medium Term Note	177,373	177,373

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

Thornwell Family Foundation

EIN:

81-0716497

Software ID:

25022866

Software Version:

2025v4.1

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Brown Advisory Small-Cap Growth FD	0	0
Ishares TR Core S&P500	7,167,897	7,167,897
Janus Henderson Overseas Fund	4,188,491	4,188,491
JPMorgan Equity Premium Income	0	0
Principal High Yield Fund	1,931,255	1,931,255
Principal Mid Cap Fund	2,823,732	2,823,732
WCM Focused International Growth FD	4,292,380	4,292,380
DFA U.S. Small Cap Growth Port Instl Cl N/L	1,900,608	1,900,608
FT Vest Rising Dividend Achievers Target	599,400	599,400
Allegion Plc Ord Shs	118,300	118,300
Aspen Technology Incorporated	0	0
Bentley Systems Incorporated Com Class B	95,145	95,145
Berkleyw R Corporation	0	0
Bjs Wholesale Club Hldgs Incorporated	68,873	68,873
Bright Horizons Fam Sol In Del	66,113	66,113
Charles Riv Labs International Incorporated	0	0
Chemed Corporation New	50,487	50,487
Choice Hotels International Incorporated	54,679	54,679
Cooper Companies Incorporated	0	0
Equifax Incorporated	81,368	81,368
Exponent Incorporated	45,288	45,288
Fair Isaac Corporation	0	0
Hamilton Lane Inc	48,620	48,620
Henry Jack & Assoc Incorporated	0	0
Interactive Brokers Group Incorporated Com Class A	156,531	156,531
Jack Henrgy & Associates Inc	88,503	88,503
LCI Industries	22,327	22,327
Lennox International Incorporated	79,150	79,150
LPL Finl Hldgs Incorporated	138,582	138,582
Nordson Corporation	96,172	96,172
Ollies Bargain Outlet Hldgs In	65,766	65,766
Pool Corporation	69,998	69,998
Rollins Incorporated	113,498	113,498
Saia Incorporated	76,732	76,732
Scotts Miracle-Gro Company Class A	0	0
ServiceTitan Inc	83,922	83,922
Siteone Landscape Supply Incorporated	54,806	54,806
Teledyne Technologies Incorporated	97,549	97,549
Teradyne Incorporated	0	0
The Cooper Companies Inc	97,287	97,287
Thor Industries Incorporated	59,651	59,651
Trimble Inc	71,377	71,377
UL Solutions Inc	102,124	102,124
Universal Display Corporation	81,980	81,980
Watsco Incorporated	72,781	72,781
WR Berkley Corp	127,128	127,128
Zebra Technologies Corporation Class A	67,261	67,261
Zurn Elkay Water Solns Corporation	119,200	119,200
3M Company	86,454	86,454
Abbott Labs	43,852	43,852
Abbvie Incorporated	52,781	52,781
Advanced Micro Devices Inc	63,391	63,391
Alibaba Group Hldg Limited Sponsored Ads	67,280	67,280
Alnylam Pharmaceytucals Inc	34,198	34,198
Alphabet Incorporated Cap Stk Class C	429,592	429,592
Amazon Com Incorporated	218,817	218,817
Amphenol Corporation New Class A	58,516	58,516
Apple Incorporated	560,575	560,575
Applovin Corporation Com Class A	73,446	73,446
Arista Networks Incorporated Com Shs	0	0
Autozone Incorporated	20,349	20,349
Berkshire Hathaway Incorporated Del Class B	28,651	28,651
Blackstone Incorporated	0	0
Block Incorporated Class A	0	0
Booking Holdings Incorporated	48,198	48,198
Broadcom Incorporated	365,828	365,828
Carvana Co	60,349	60,349
Celestica Inc	30,743	30,743
Charles Schwab Corp	46,758	46,758
Chipotle Mexican Grill Incorporated	0	0
Ciena Corp	37,419	37,419
CloudFlare Inc	65,651	65,651
Coca Cola Company	42,016	42,016
Conocophillips	0	0
CrowdStrike Holdings Inc	41,251	41,251
D R Horton Incorporated	30,390	30,390
Deer & Co	17,692	17,692
Doordash Incorporated Class A	32,160	32,160
Eaton Corporation Plc	0	0
Edwards Lifesciences Corporation	0	0
Eli Lilly & Company	146,156	146,156
Fair Isaac Corporation	0	0
GE Aerospace	97,029	97,029
GE Verona Inc	113,721	113,721
Gilead Sciences Inc	49,341	49,341
Goldman Sachs Group Incorporated	0	0
Graingerw W Incorporated	0	0
Hims & Hers Health Inc	22,437	22,437
Home Depot Incorporated	0	0
Hubspot Incorporated	0	0
Insmed Inc	101,291	101,291
International Business Machines	107,524	107,524
Intuit	53,656	53,656
Intuitive Surgical Incorporated Com New	20,955	20,955
Johnson & Johnson	73,467	73,467
KKR & Company Incorporated	0	0
Lam Research Corporationcom New	0	0
Mastercard Incorporated Class A	211,226	211,226
McDonalds Corporation	35,453	35,453
McKesson Corporation	41,015	41,015
Mercadolibre Incorporated	36,257	36,257
Meta Platforms Incorporated Class A	191,426	191,426
Microsoft Corporation	717,208	717,208
Natera Incorporated	82,701	82,701
Netflix Incorporated	54,662	54,662
Nvidia Corporation	993,113	993,113
Oracle Corporation	77,379	77,379
Palantir Technologies Inc	119,270	119,270
Palo Alto Networks Incorporated	18,604	18,604
Paypal Hldgs Incorporated	0	0
Philip Morris International Inc	77,152	77,152
Quanta Svcs Incorporated	37,563	37,563
Regeneron Pharmaceuticals	0	0
Robinhood Markets Inc	72,610	72,610
Roblox Corp	39,867	39,867
RTX Corp	49,518	49,518
Salesforce Incorporated	0	0
SEA LTD	41,333	41,333
Servicenow Incorporated	32,170	32,170
Shopify Incorporated Class A	93,685	93,685
Snowflake Inc	18,865	18,865
Sofi Technologies Inc	56,470	56,470
Spotify Technology S A	0	0
Starbucks Corporation	0	0
Synopsysincorporated	0	0
Taiwan Semiconductor Mfg Limited	73,237	73,237
Tesla Incorporated	302,662	302,662
The Goldman Sachs Group Inc	132,729	132,729
The Trade Desk Incorporated Com Class A	0	0
Thermo Fisher Scientific Incorporated	0	0
Trane Technologies Plc	20,628	20,628
Transdigm Group Incorporated	0	0
Uber Technologies Incorporated	18,548	18,548
Union Pac Corporation	0	0
Vertiv Holdings Company Com Class A	0	0
Visa Inc	29,460	29,460
Vistra Corp	20,328	20,328
Walmart Incorporated	120,100	120,100
Western Digital Corp	38,416	38,416
Abbott Labs	85,448	85,448
Abbvie Incorporated	119,043	119,043
Accenture Plc Ireland Shs Class A	48,294	48,294
Alphabet Incorporated	147,110	147,110
Altria Group Inc	76,688	76,688
Ameren Corporation	39,644	39,644
American Elec Pwr Company Incorporated	52,927	52,927
American Express Co	56,232	56,232
Analog Devices Incorporated	148,075	148,075
Astrazeneca Plc	57,089	57,089
AT&T Incorporated	111,532	111,532
Automatic Data Processing Incorporated	70,481	70,481
Avery Dennison Corporation	38,195	38,195
Bank America Corporation	160,325	160,325
Bank New York Mellon Corporation	134,548	134,548
Becton Dickinson & Company	0	0
Blackrock Incorporated	89,909	89,909
Blackstone Incorporated	0	0
Booz Allen Hamilton Hldg Corporation Class A	0	0
Bristol-Myers Squibb Company	48,222	48,222
Broadcom Incorporated	136,363	136,363
Chevron Corporation New	119,337	119,337
Chubb Limited	147,633	147,633
Cisco Systems Incorporated	143,815	143,815
Cme Group Incorporated	92,574	92,574
CMS Energy Corporation	23,846	23,846
Coca Cola Company	85,430	85,430
Comcast Corporation New Class A	89,939	89,939
Conocophillips	72,548	72,548
CSX Corporation	50,641	50,641
Cummins Incorporated	33,690	33,690
Danaher Corp	37,543	37,543
Disney Walt Company	107,854	107,854
DTE Energy Company	20,121	20,121
Ebay Incorporated	46,773	46,773
Emerson Electric Co	34,242	34,242
Entergy Corporation New	80,137	80,137
EOG Res Incorporated	0	0
Exxon Mobil Corporation	161,978	161,978
General Dynamics Corp	90,898	90,898
General Mls Incorporated	0	0
Genuine Parts Company	0	0
Gilead Sciences Inc	73,644	73,644
Home Depot Incorporated	106,671	106,671
Honeywell International Incorporated	63,990	63,990
Illinois Tool Wks Incorporated	61,329	61,329
International Business Machines	135,664	135,664
Johnson & Johnson	250,410	250,410
JPMorgan Chase & Company	318,353	318,353
KLA Corporationcom New	98,421	98,421
L3Harris Technologies Inc	34,935	34,935
LAM Research Corporationcom New	93,293	93,293
Linde Plc Shs	72,913	72,913
Lockheed Martin Corporation	0	0
Marsh & Mclennan Companies Incorporated	63,448	63,448
McDonalds Corporation	109,110	109,110
Medtronic Plc Shs	75,791	75,791
Merck & Company Incorporated	80,103	80,103
Microsoft Corporation	176,038	176,038
Mondelez International Incorporated Class A	60,236	60,236
Morgan Stanley Com New	131,017	131,017
Nextera Energy Incorporated	39,739	39,739
Northrop Grumman Corporation	64,434	64,434
Packaging Corporation Amer	36,296	36,296
Parker-Hannifin Corporation	146,786	146,786
Pepsico Incorporated	39,612	39,612
Philip Morris International Inc	28,230	28,230
PNC Finl Svcs Group Incorporated	89,336	89,336
PPG Industries Incorporated	0	0
Procter And Gamble Company	143,453	143,453
Public Svc Enterprise Grp Incorporated	0	0
Qualcomm Incorporated	31,302	31,302
Salesforce Incorporated	47,949	47,949
Southern Company	73,248	73,248
TE Connectivity PLC	76,898	76,898
Texas Instrs Incorporated	31,922	31,922
TJX Companies Incorporated New	82,181	82,181
Trane Technologies Plc	64,990	64,996
Union Pac Corporation	77,724	77,724
Unitedhealth Group Ncorporated	84,178	84,172
Valero Energy Corporation	55,511	55,511
Visa Incorporated Com Class A	91,185	91,185
Walmart Incorporated	174,802	174,802
Waste Mgmt Incorporated Del	73,163	73,163
Wec Energy Group Incorporated	35,224	35,224
Wells Fargo Company New	127,498	127,498

- TIN:

TY 2025 InvestmentsLandSchedule2

Name:

Thornwell Family Foundation

EIN:

81-0716497

Software ID:

25022866

Software Version:

2025v4.1

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Peaches Land, LLC - Land	1,213,913		1,213,913	1,213,913
Peaches Land, LLC - Building	4,606,087	216,525	4,389,562	4,389,562

- TIN:

TY 2025 InvestmentsOtherSchedule2

Name:

Thornwell Family Foundation

EIN:

81-0716497

Software ID:

25022866

Software Version:

2025v4.1

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Public Storage Oper Company Reit	FMV	22,317	22,317
Prologis Incorporated	FMV	33,192	33,192
Avalonbay Cmntys Incorporated Reit	FMV	25,565	25,565
Welltower Inc	FMV	23,016	23,016
Partners Group Private Equity, LLC	FMV	1,352,833	1,352,833
Catalyst/Millburnhedge Strategy Fund	FMV	632,547	632,547

- TIN:

TY 2025 LegalFeesSchedule

Name:

Thornwell Family Foundation

EIN:

81-0716497

Software ID:

25022866

Software Version:

2025v4.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Legal Fees	1,490	1,490

- TIN:

TY 2025 OtherExpensesSchedule

Name:

Thornwell Family Foundation

EIN:

81-0716497

Software ID:

25022866

Software Version:

2025v4.1

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Filing Fees	374	187	187
Office Supplies & Software	80	40	40
Travel	1,474	739	737
Insurance	1,716	858	858

- TIN:

TY 2025 OtherIncreasesSchedule

Name:

Thornwell Family Foundation

EIN:

81-0716497

Software ID:

25022866

Software Version:

2025v4.1

Description	Amount
Unrealized Gains	4,219,239

- TIN:

TY 2025 OtherProfessionalFeesSchedule

Name:

Thornwell Family Foundation

EIN:

81-0716497

Software ID:

25022866

Software Version:

2025v4.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Fees	376,728	376,728

- TIN:

TY 2025 TaxesSchedule

Name:

Thornwell Family Foundation

EIN:

81-0716497

Software ID:

25022866

Software Version:

2025v4.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Foreign Taxes	117	117
Excise tax	68,000