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
NANCY D CARMICHAEL TRUST XXXXX3006

Number and street (or P.O. box number if mail is not delivered to street address) 10 S DEARBORN IL1-0111
Room/suite

City or town
CHICAGO

State or province
IL

Country

ZIP or foreign postal code
60603

A Employer identification number

74-6088829

B Telephone number (see instructions)

8004962583

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)$6,591,803J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	247,901		247,888
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		201,523
b	Gross sales price for all assets on line 6a 702,678
7	Capital gain net income (from Part IV, line 2)...			201,523
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	2,221	2,221
12	Total. Add lines 1 through 11........	451,645		451,632
13	Compensation of officers, directors, trustees, etc.	64,645		42,578		22,067
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)....	List of Attached Documents: // Content	2,500	2,500		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	6,772	2,183		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	149	149
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	74,066		47,410	0	22,067
25	Contributions, gifts, grants paid.......	273,059				273,059
26	Total expenses and disbursements. Add lines 24 and 25 ................	347,125		47,410	0	295,126
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	104,520
b	Net investment income (if negative, enter -0-)			404,222
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.............	98,136	85,208	85,208
	2	Savings and temporary cash investments.........	77,098	128,074	128,074
	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).......	1,807,375	List of Attached Documents: // Content 1,808,499	3,677,838
	c	Investments—corporate bonds (attach schedule).......	2,315,170	List of Attached Documents: // Content 2,342,453	2,253,013
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	274,165	List of Attached Documents: // Content 312,276	322,382
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 8,851	List of Attached Documents: // Content 8,851	List of Attached Documents: // Content 125,288
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,580,795	4,685,361	6,591,803
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	4,580,795	4,685,361
	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).....	4,580,795	4,685,361
	30	Total liabilities and net assets/fund balances (see instructions).	4,580,795	4,685,361

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

4,580,795

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

104,520

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

List of Attached Documents:

// Content

4,064

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

4,689,379

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

List of Attached Documents:

// Content

4,018

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

4,685,361

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	. ALEXION PHARMACEUTICALS INC			2025-01-03
b	1. COSTCO WHSL CORP NEW		2021-10-27	2025-01-24
c	3. COSTCO WHSL CORP NEW		2021-10-27	2025-01-24
d	2. LILLY ELI & CO		2016-12-16	2025-01-27
e	66. MONSTER BEVERAGE CORP		2022-06-17	2025-01-27
	29. MONSTER BEVERAGE CORP		2022-06-17	2025-01-27
	4. MONSTER BEVERAGE CORP		2022-06-17	2025-01-28
	. VALEANT PHARMACEUTICALS INTE			2025-02-10
	10. APPLE COMPUTER INC		2024-04-12	2025-02-13
	3. NXP SEMICONDUCTORS NV		2024-11-13	2025-02-13
	2. NXP SEMICONDUCTORS NV		2024-11-13	2025-02-13
	1. NXP SEMICONDUCTORS NV		2024-11-13	2025-02-13
	2. NXP SEMICONDUCTORS NV		2019-02-19	2025-02-13
	4000. US TREAS 2% 02/15/25		2018-08-31	2025-02-18
	11. HONEYWELL INTL INC		2025-01-24	2025-03-25
	2. HONEYWELL INTL INC		2010-02-01	2025-03-25
	12. HONEYWELL INTL INC		2010-02-01	2025-03-26
	4. HONEYWELL INTL INC		2010-02-01	2025-03-26
	6. HONEYWELL INTL INC		2010-02-01	2025-03-26
	4. HONEYWELL INTL INC		2010-02-01	2025-03-27
	4. HONEYWELL INTL INC		2010-02-01	2025-03-27
	11. APPLE COMPUTER INC		2024-04-12	2025-04-04
	12. APPLE COMPUTER INC		2024-03-20	2025-04-04
	12. APPLE COMPUTER INC			2025-04-09
	29. NORFOLK SOUTHN CORP			2025-04-09
	15. NORFOLK SOUTHN CORP			2025-04-09
	3. REGENERON PHARMACEUTICALS INC			2025-04-28
	23. EXXON MOBIL CORP		2022-11-01	2025-05-01
	26. EXXON MOBIL CORP			2025-05-01
	5000. US TREAS 2.125% 05/15/25		2018-08-31	2025-05-15
	19. ALPHABET INC-CL C		2012-07-11	2025-05-22
	3. NXP SEMICONDUCTORS NV		2019-02-19	2025-05-22
	2. NXP SEMICONDUCTORS NV		2019-02-19	2025-05-22
	24. NXP SEMICONDUCTORS NV		2019-02-19	2025-05-22
	6. NXP SEMICONDUCTORS NV		2019-02-19	2025-05-22
	1. NXP SEMICONDUCTORS NV		2019-02-19	2025-05-22
	1. NXP SEMICONDUCTORS NV		2019-02-19	2025-05-22
	1. NXP SEMICONDUCTORS NV		2019-02-19	2025-05-23
	1. NXP SEMICONDUCTORS NV		2019-02-19	2025-05-23
	7. ABBVIE INC		2020-03-31	2025-06-20
	8. ALPHABET INC-CL C		2012-07-11	2025-06-20
	7. AMAZON COM INC		2025-05-22	2025-06-20
	5. AMAZON COM INC		2015-03-12	2025-06-20
	3. AMERICAN EXPRESS CO			2025-06-20
	10. APPLE COMPUTER INC		2008-10-13	2025-06-20
	15. BANK OF AMERICA CORPORATION		2025-06-20	2025-06-20
	12. BOSTON SCIENTIFIC CORP		2016-12-05	2025-06-20
	3. BROADCOM INC		2024-12-17	2025-06-20
	7. CONOCOPHILLIPS			2025-06-20
	5. DISNEY WALT CO		2024-11-21	2025-06-20
	2. ECOLAB INC		2025-06-20	2025-06-20
	7. EXXON MOBIL CORP		2022-12-02	2025-06-20
	3. FACEBOOK INC-A		2022-12-02	2025-06-20
	10. FISERV INC			2025-06-20
	18. FISERV INC			2025-06-20
	3. ARTHUR J GALLAGHER & CO		2021-04-29	2025-06-20
	3. HILTON WORLDWIDE HOLDINGS IN		2021-02-24	2025-06-20
	7. INGERSOLL RAND INC		2021-05-17	2025-06-20
	1. INTUITIVE SURGICAL INC NEW		2023-06-23	2025-06-20
	371. ISHARES MISCI EAFE INDEX FUND		2016-01-22	2025-06-20
	2. MASTERCARD INC - CLASS A		2024-09-12	2025-06-20
	7. MASTERCARD INC - CLASS A			2025-06-20
	2. MCDONALDS CORP		2024-12-17	2025-06-20
	6. MICROSOFT CORP		2025-04-09	2025-06-20
	3. MICROSOFT CORP		2009-07-24	2025-06-20
	9. MONDELEZ INTERNATIONAL-W/I		2024-05-13	2025-06-20
	11. MORGAN STANLEY DEAN WITTER & CO NEW		2013-04-19	2025-06-20
	11. NEXTERA ENERGY INC		2024-09-12	2025-06-20
	18. NVIDIA CORP		2025-04-04	2025-06-20
	8. NVIDIA CORP		2023-02-24	2025-06-20
	4. OLD DOMINION FREIGHT LINE INC COM		2021-09-09	2025-06-20
	6. OTIS WORLDWIDE CORP		2024-10-14	2025-06-20
	6. PEPSICO INC			2025-06-20
	4. PROGRESSIVE CORP OHIO			2025-06-20
	7. REGENERON PHARMACEUTICALS INC			2025-06-20
	3394.773 SIX CIRCLES INTL UNCON EQ		2021-10-26	2025-06-20
	9. SOUTHERN CO		2025-04-04	2025-06-20
	3. STRYKER CORP		2023-09-13	2025-06-20
	5. TJX COS INC NEW			2025-06-20
	4. TEXAS INSTRS INC		2025-05-22	2025-06-20
	3. UNITEDHEALTH GROUP INC		2010-12-01	2025-06-20
	4. WASTE CONNECTIONS INC		2016-07-26	2025-06-20
	12. WELLS FARGO & CO NEW		2025-06-20	2025-06-20
	2. EATON CORP PLC		2021-02-22	2025-06-20
	2. LINDE PLC		2018-12-11	2025-06-20
	1. ASML HOLDING NV-NY REG SHS		2024-11-13	2025-06-20
	10. BROADCOM INC		2024-12-17	2025-07-11
	4. FISERV INC		2023-07-07	2025-07-11
	37. FISERV INC			2025-07-11
	18. INTUITIVE SURGICAL INC NEW			2025-07-11
	1. INGERSOLL RAND INC		2025-07-11	2025-08-01
	26. INGERSOLL RAND INC		2025-07-11	2025-08-01
	36. INGERSOLL RAND INC			2025-08-01
	5000. US TREAS 2% 08/15/25		2018-08-31	2025-08-15
	64. BRISTOL MYERS SQUIBB CO			2025-08-21
	14. BRISTOL MYERS SQUIBB CO		2019-11-20	2025-08-21
	1. OTIS WORLDWIDE CORP		2024-10-14	2025-08-21
	19. OTIS WORLDWIDE CORP			2025-08-21
	4. OTIS WORLDWIDE CORP		2024-10-03	2025-08-21
	12. OTIS WORLDWIDE CORP		2024-10-03	2025-08-21
	9. OTIS WORLDWIDE CORP		2024-10-03	2025-08-22
	29. OTIS WORLDWIDE CORP			2025-08-22
	1. OTIS WORLDWIDE CORP		2024-11-01	2025-08-22
	15. OTIS WORLDWIDE CORP			2025-08-22
	20. OTIS WORLDWIDE CORP			2025-08-22
	9. BOSTON SCIENTIFIC CORP		2016-12-05	2025-09-08
	11. BOSTON SCIENTIFIC CORP		2016-12-05	2025-09-08
	19. CONOCOPHILLIPS		2022-01-05	2025-09-08
	13. CONOCOPHILLIPS			2025-09-08
	3. SALESFORCE.COM INC		2024-03-20	2025-09-08
	2. SALESFORCE.COM INC		2024-03-20	2025-09-08
	3. LINDE PLC		2018-12-11	2025-09-08
	3. LINDE PLC		2018-12-11	2025-09-08
	8. BOSTON SCIENTIFIC CORP		2016-12-05	2025-09-09
	74. BRISTOL MYERS SQUIBB CO		2019-11-20	2025-09-11
	12. INGERSOLL RAND INC		2021-05-14	2025-09-11
	2. INGERSOLL RAND INC		2021-05-14	2025-09-11
	2. INGERSOLL RAND INC		2021-05-14	2025-09-11
	29. INGERSOLL RAND INC			2025-09-11
	4. SALESFORCE.COM INC		2024-03-20	2025-09-11
	8. SALESFORCE.COM INC		2024-03-20	2025-09-11
	27. BRISTOL MYERS SQUIBB CO		2019-11-20	2025-09-12
	24. CONOCOPHILLIPS		2021-03-03	2025-09-23
	24. SALESFORCE.COM INC			2025-09-23
	3. ABBVIE INC		2020-03-31	2025-10-03
	6. ALPHABET INC-CL C		2012-07-11	2025-10-03
	8. AMAZON COM INC		2015-03-12	2025-10-03
	2. AMERICAN EXPRESS CO		2018-07-18	2025-10-03
	8. APPLE COMPUTER INC		2025-09-08	2025-10-03
	13. BANK OF AMERICA CORPORATION		2025-06-20	2025-10-03
	1. BOOKING HOLDINGS INC		2020-10-05	2025-10-03
	4. BOSTON SCIENTIFIC CORP		2016-12-05	2025-10-03
	3. BROADCOM INC		2025-09-11	2025-10-03
	2. CADENCE DESIGN SYS INC		2024-11-13	2025-10-03
	5. CANADIAN PACIFIC KANSAS CITY		2025-07-11	2025-10-03
	3. DISNEY WALT CO		2024-11-21	2025-10-03
	6. EXXON MOBIL CORP		2022-12-02	2025-10-03
	3. FACEBOOK INC-A		2022-12-02	2025-10-03
	2. HILTON WORLDWIDE HOLDINGS IN		2021-02-24	2025-10-03
	3. HOWMET AEROSPACE INC			2025-10-03
	2. JOHNSON & JOHNSON		2025-08-21	2025-10-03
	1. LILLY ELI & CO		2025-04-04	2025-10-03
	2. LOWES COS INC		2025-09-08	2025-10-03
	2. MARTIN MARIETTA MATLS INC		2023-11-08	2025-10-03
	2. MASTERCARD INC - CLASS A		2009-07-16	2025-10-03
	2. MCDONALDS CORP		2024-12-17	2025-10-03
	6. MICROSOFT CORP		2009-07-24	2025-10-03
	1. MONDELEZ INTERNATIONAL-W/I		2024-05-13	2025-10-03
	4. MORGAN STANLEY DEAN WITTER & CO NEW		2013-04-19	2025-10-03
	5. NEXTERA ENERGY INC		2024-09-12	2025-10-03
	19. NVIDIA CORP		2023-02-24	2025-10-03
	3049.16 PIMCO MTGE OPPORTUNITIES IS		2020-05-29	2025-10-03
	3. PROGRESSIVE CORP OHIO		2022-04-08	2025-10-03
	1. SERVICENOW INC		2025-09-08	2025-10-03
	6. SOUTHERN CO		2025-04-04	2025-10-03
	3. TAIWAN SEMICONDUCTOR MFG CO LTD		2025-06-20	2025-10-03
	4. TEXAS INSTRS INC		2025-07-11	2025-10-03
	2. UNITEDHEALTH GROUP INC		2010-12-01	2025-10-03
	10. WELLS FARGO & CO NEW		2025-06-20	2025-10-03
	1. EATON CORP PLC		2021-02-22	2025-10-03
	1. LINDE PLC		2018-12-11	2025-10-03
	1. TRANE TECHNOLOGIES PLC		2025-08-01	2025-10-03
	16. PROGRESSIVE CORP OHIO			2025-10-10
	6. WELLS FARGO & CO NEW		2025-06-20	2025-10-10
	31. WELLS FARGO & CO NEW		2020-12-15	2025-10-10
	3. ABBVIE INC		2020-03-31	2025-10-27
	7. ALPHABET INC-CL C		2012-07-11	2025-10-27
	9. AMAZON COM INC		2015-03-12	2025-10-27
	1. AMERICAN EXPRESS CO		2018-07-18	2025-10-27
	9. APPLE COMPUTER INC		2025-09-08	2025-10-27
	13. BANK OF AMERICA CORPORATION		2025-06-20	2025-10-27
	3. BROADCOM INC		2025-09-11	2025-10-27
	7. CONOCOPHILLIPS		2021-03-03	2025-10-27
	1. COSTCO WHSL CORP NEW		2021-10-27	2025-10-27
	5. EXXON MOBIL CORP		2022-12-02	2025-10-27
	3. FACEBOOK INC-A		2022-12-02	2025-10-27
	2. ARTHUR J GALLAGHER & CO		2021-04-29	2025-10-27
	3. HOWMET AEROSPACE INC		2025-09-11	2025-10-27
	5. JOHNSON & JOHNSON		2025-10-10	2025-10-27
	3. MASTERCARD INC - CLASS A		2025-10-10	2025-10-27
	2. MCDONALDS CORP		2024-12-17	2025-10-27
	6. MICROSOFT CORP		2009-07-24	2025-10-27
	5. MORGAN STANLEY DEAN WITTER & CO NEW		2013-04-19	2025-10-27
	8. NEXTERA ENERGY INC		2024-09-12	2025-10-27
	21. NVIDIA CORP		2023-02-24	2025-10-27
	5. PEPSICO INC			2025-10-27
	3. PROGRESSIVE CORP OHIO		2022-04-07	2025-10-27
	2. S&P GLOBAL INC		2022-12-02	2025-10-27
	14. SHERWIN WILLIAMS CO		2024-11-21	2025-10-27
	13080.925 SIX CIRCLES CREDIT OPPORT			2025-10-27
	7. SOUTHERN CO		2025-04-04	2025-10-27
	1. STRYKER CORP		2023-09-13	2025-10-27
	5. TJX COS INC NEW		2023-02-07	2025-10-27
	1. TAIWAN SEMICONDUCTOR MFG CO LTD		2025-06-20	2025-10-27
	3. TEXAS INSTRS INC		2025-07-11	2025-10-27
	1. UNITEDHEALTH GROUP INC		2010-12-01	2025-10-27
	355. VANGUARD INT-TERM CORPORATE			2025-10-27
	5. WAL MART STORES INC			2025-10-27
	3. WASTE CONNECTIONS INC		2016-07-26	2025-10-27
	11. WELLS FARGO & CO NEW		2020-12-15	2025-10-27
	2. EATON CORP PLC		2021-02-22	2025-10-27
	5000. US TREAS 0.25% 10/31/25		2020-11-17	2025-10-31
	9. CANADIAN PACIFIC KANSAS CITY			2025-11-03
	54. CANADIAN PACIFIC KANSAS CITY			2025-11-03
	47. CANADIAN PACIFIC KANSAS CITY		2025-04-09	2025-11-03
	1. MCDONALDS CORP		2024-12-17	2025-11-03
	3. MCDONALDS CORP		2024-12-17	2025-11-03
	4. MCDONALDS CORP			2025-11-03
	21. CANADIAN PACIFIC KANSAS CITY			2025-11-04
	2. CANADIAN PACIFIC KANSAS CITY		2025-04-09	2025-11-04
	2. CANADIAN PACIFIC KANSAS CITY		2025-04-09	2025-11-04
	8000. U S A TREAS NOTES		2024-11-18	2025-11-17
	2000. U S A TREAS NOTES		2024-03-11	2025-11-17
	29. CONOCOPHILLIPS		2021-03-03	2025-11-21
	1. MARTIN MARIETTA MATLS INC		2023-11-08	2025-11-21
	6. BROADCOM INC			2025-11-24
	1. MARTIN MARIETTA MATLS INC		2023-11-08	2025-11-24
	2. ASML HOLDING NV-NY REG SHS		2024-11-13	2025-11-24
	1. MARTIN MARIETTA MATLS INC		2023-11-08	2025-11-25
	2. MARTIN MARIETTA MATLS INC		2023-09-25	2025-11-26
	5000. U S A TREAS NOTES		2023-08-16	2025-12-01
	12. MONDELEZ INTERNATIONAL-W/I			2025-12-03
	19. MONDELEZ INTERNATIONAL-W/I		2011-09-09	2025-12-03
	4. PEPSICO INC		2024-09-12	2025-12-03
	10. PEPSICO INC			2025-12-03
	6. SOUTHERN CO			2025-12-03
	13. SOUTHERN CO		2024-12-17	2025-12-03
	6. ABBVIE INC		2020-03-31	2025-12-08
	10. ALPHABET INC-CL C		2012-07-11	2025-12-08
	16. AMAZON COM INC			2025-12-08
	3. AMERICAN EXPRESS CO			2025-12-08
	3. AMPHENOL CORP NEW CL A		2025-11-24	2025-12-08
	15. APPLE COMPUTER INC		2025-09-08	2025-12-08
	11. BANK OF AMERICA CORPORATION		2025-06-20	2025-12-08
	13. BANK OF AMERICA CORPORATION			2025-12-08
	13. BOSTON SCIENTIFIC CORP		2016-12-05	2025-12-08
	6. BROADCOM INC			2025-12-08
	18. CSX CORP			2025-12-08
	2. CADENCE DESIGN SYS INC		2024-11-13	2025-12-08
	3. CONOCOPHILLIPS		2021-03-03	2025-12-08
	8. DISNEY WALT CO		2024-11-21	2025-12-08
	6. EQT CORPORATION			2025-12-08
	10. EXXON MOBIL CORP			2025-12-08
	4. FACEBOOK INC-A		2022-12-02	2025-12-08
	3. ARTHUR J GALLAGHER & CO		2021-04-29	2025-12-08
	4. HILTON WORLDWIDE HOLDINGS IN		2021-02-24	2025-12-08
	4. HOWMET AEROSPACE INC		2025-09-11	2025-12-08
	1. INTUIT		2025-09-23	2025-12-08
	6. JOHNSON & JOHNSON		2025-10-10	2025-12-08
	1. LILLY ELI & CO		2025-04-04	2025-12-08
	1. MARTIN MARIETTA MATLS INC		2023-09-25	2025-12-08
	1. MASTERCARD INC - CLASS A		2025-10-10	2025-12-08
	2. MASTERCARD INC - CLASS A		2009-07-16	2025-12-08
	3. MCDONALDS CORP		2022-05-23	2025-12-08
	11. MICROSOFT CORP		2009-07-24	2025-12-08
	5. MONDELEZ INTERNATIONAL-W/I		2011-08-16	2025-12-08
	8. MORGAN STANLEY DEAN WITTER & CO NEW		2013-04-19	2025-12-08
	4. NEXTERA ENERGY INC		2025-10-10	2025-12-08
	6. NEXTERA ENERGY INC		2024-09-12	2025-12-08
	35. NVIDIA CORP		2023-02-24	2025-12-08
	5. OLD DOMINION FREIGHT LINE INC COM		2021-09-09	2025-12-08
	3. PEPSICO INC		2014-10-13	2025-12-08
	3. PROGRESSIVE CORP OHIO		2022-04-07	2025-12-08
	1. S&P GLOBAL INC		2022-12-02	2025-12-08
	1. SERVICENOW INC		2025-09-08	2025-12-08
	11. SOUTHERN CO		2024-12-17	2025-12-08
	2. STRYKER CORP		2023-09-13	2025-12-08
	4. TJX COS INC NEW		2023-02-07	2025-12-08
	3. TAIWAN SEMICONDUCTOR MFG CO LTD		2025-06-20	2025-12-08
	7. TEXAS INSTRS INC			2025-12-08
	4. UNITEDHEALTH GROUP INC		2010-12-01	2025-12-08
	6. WAL MART STORES INC			2025-12-08
	3. WASTE CONNECTIONS INC		2016-07-26	2025-12-08
	15. WELLS FARGO & CO NEW		2020-12-15	2025-12-08
	2. EATON CORP PLC		2021-02-22	2025-12-08
	3. LINDE PLC		2018-12-11	2025-12-08
	3. TRANE TECHNOLOGIES PLC		2025-08-01	2025-12-08
	1. ASML HOLDING NV-NY REG SHS		2020-03-05	2025-12-08
	1. CONOCOPHILLIPS		2021-03-03	2025-12-24
	5. CONOCOPHILLIPS		2021-03-03	2025-12-24
	16. CONOCOPHILLIPS			2025-12-24
	5. PROGRESSIVE CORP OHIO		2022-04-07	2025-12-24
	1. CONOCOPHILLIPS		2021-03-03	2025-12-26
	9. CONOCOPHILLIPS			2025-12-26
	7. CONOCOPHILLIPS		2021-03-03	2025-12-26
	5. PROGRESSIVE CORP OHIO		2022-04-07	2025-12-26
	5000. US TREAS 0.375% 12/31/25		2021-03-05	2025-12-31
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	36		36
b	940	488	452
c	2,820	1,465	1,355
d	1,600	145	1,455
e	3,264	2,918	346
	1,442	1,282	160
	195	177	18
	34		34
	2,371	1,765	606
	657	671	-14
	434	447	-13
	218	224	-6
	436	186	250
	4,000	4,000
	2,332	2,494	-162
	423	75	348
	2,571	448	2,123
	853	149	704
	1,279	224	1,055
	857	149	708
	854	149	705
	2,170	1,942	228
	2,367	2,114	253
	2,136	1,079	1,057
	6,137	3,626	2,511
	3,105	1,780	1,325
	1,813	1,563	250
	2,448	2,561	-113
	2,773	2,888	-115
	5,000	5,000
	3,343	270	3,073
	619	278	341
	398	185	213
	4,793	2,221	2,572
	1,188	555	633
	199	93	106
	200	93	107
	191	93	98
	192	93	99
	1,293	532	761
	1,360	114	1,246
	1,467	1,418	49
	1,048	93	955
	891	324	567
	1,988	37	1,951
	681	683	-2
	1,219	248	971
	744	715	29
	657	537	120
	585	576	9
	519	522	-3
	800	775	25
	2,052	367	1,685
	1,633	1,725	-92
	2,939	2,258	681
	958	422	536
	740	381	359
	562	340	222
	511	327	184
	32,027	20,210	11,817
	1,065	974	91
	3,721	127	3,594
	573	593	-20
	2,870	2,158	712
	1,435	70	1,365
	616	646	-30
	1,453	226	1,227
	795	919	-124
	2,586	1,741	845
	1,149	185	964
	623	579	44
	569	634	-65
	780	1,064	-284
	1,043	474	569
	3,567	3,550	17
	42,876	38,293	4,583
	804	824	-20
	1,124	888	236
	615	428	187
	790	727	63
	910	113	797
	743	199	544
	903	905	-2
	665	261	404
	912	321	591
	755	663	92
	2,746	2,384	362
	662	502	160
	6,158	4,610	1,548
	9,216	5,203	4,013
	76	88	-12
	1,969	2,296	-327
	2,726	1,744	982
	5,000	5,000
	3,105	3,899	-794
	683	790	-107
	88	106	-18
	1,678	1,999	-321
	350	418	-68
	1,052	1,254	-202
	800	940	-140
	2,576	3,020	-444
	89	100	-11
	1,334	1,494	-160
	1,768	1,989	-221
	975	186	789
	1,189	228	961
	1,732	1,455	277
	1,182	702	480
	754	913	-159
	502	609	-107
	1,420	482	938
	1,420	482	938
	868	166	702
	3,524	4,174	-650
	983	581	402
	162	97	65
	163	97	66
	2,354	1,402	952
	983	1,217	-234
	1,971	2,434	-463
	1,273	1,523	-250
	2,247	1,289	958
	5,897	6,846	-949
	709	228	481
	1,469	85	1,384
	1,781	149	1,632
	659	206	453
	2,068	1,914	154
	658	592	66
	5,428	1,707	3,721
	390	83	307
	1,024	1,091	-67
	701	617	84
	385	408	-23
	338	346	-8
	678	664	14
	2,158	367	1,791
	517	254	263
	573	552	21
	378	359	19
	838	757	81
	492	544	-52
	1,258	902	356
	1,158	36	1,122
	600	593	7
	3,118	140	2,978
	63	72	-9
	628	82	546
	404	418	-14
	3,600	439	3,161
	28,693	32,522	-3,829
	736	355	381
	911	941	-30
	567	549	18
	884	628	256
	732	880	-148
	724	75	649
	806	754	52
	376	130	246
	464	161	303
	422	437	-15
	3,847	1,883	1,964
	468	452	16
	2,418	920	1,498
	683	228	455
	1,888	100	1,788
	2,040	168	1,872
	360	103	257
	2,394	2,153	241
	687	592	95
	1,083	1,091	-8
	619	376	243
	928	488	440
	578	554	24
	2,251	367	1,884
	558	282	276
	606	551	55
	953	952	1
	1,716	1,677	39
	618	593	25
	3,197	140	3,057
	828	103	725
	684	669	15
	4,003	485	3,518
	762	879	-117
	651	352	299
	992	721	271
	4,708	5,324	-616
	119,560	116,506	3,054
	667	641	26
	383	296	87
	715	399	316
	297	209	88
	508	660	-152
	365	38	327
	30,109	28,783	1,326
	522	503	19
	524	149	375
	951	327	624
	754	261	493
	5,000	4,967	33
	637	734	-97
	3,816	3,810	6
	3,314	3,239	75
	296	297	-1
	888	890	-2
	1,184	968	216
	1,480	1,417	63
	141	135	6
	141	135	6
	8,000	8,009	-9
	2,000	2,000
	2,537	1,558	979
	605	451	154
	2,244	2,179	65
	603	451	152
	1,980	1,327	653
	615	451	164
	1,245	817	428
	5,000	5,000
	672	611	61
	1,061	416	645
	596	702	-106
	1,482	1,033	449
	531	516	15
	1,135	1,081	54
	1,349	456	893
	3,155	142	3,013
	3,648	294	3,354
	1,090	309	781
	421	414	7
	4,158	3,589	569
	592	501	91
	700	389	311
	1,213	269	944
	2,404	1,925	479
	660	645	15
	679	613	66
	280	161	119
	852	922	-70
	357	344	13
	1,162	1,084	78
	2,681	489	2,192
	716	422	294
	1,078	508	570
	776	735	41
	658	699	-41
	1,219	1,142	77
	992	757	235
	629	409	220
	539	559	-20
	1,077	36	1,041
	937	714	223
	5,399	257	5,142
	276	109	167
	1,430	164	1,266
	331	334	-3
	497	501	-4
	6,414	809	5,605
	774	723	51
	437	286	151
	673	352	321
	492	360	132
	853	941	-88
	944	915	29
	710	592	118
	612	319	293
	896	628	268
	1,276	1,425	-149
	1,304	150	1,154
	678	592	86
	517	149	368
	1,354	445	909
	690	261	429
	1,179	482	697
	1,197	1,308	-111
	1,121	292	829
	92	54	38
	462	269	193
	1,476	857	619
	1,139	586	553
	92	53	39
	822	478	344
	645	370	275
	1,136	586	550
	5,000	5,000
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293
			50,293

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			36
b			452
c			1,355
d			1,455
e			346
			160
			18
			34
			606
			-14
			-13
			-6
			250

			-162
			348
			2,123
			704
			1,055
			708
			705
			228
			253
			1,057
			2,511
			1,325
			250
			-113
			-115

			3,073
			341
			213
			2,572
			633
			106
			107
			98
			99
			761
			1,246
			49
			955
			567
			1,951
			-2
			971
			29
			120
			9
			-3
			25
			1,685
			-92
			681
			536
			359
			222
			184
			11,817
			91
			3,594
			-20
			712
			1,365
			-30
			1,227
			-124
			845
			964
			44
			-65
			-284
			569
			17
			4,583
			-20
			236
			187
			63
			797
			544
			-2
			404
			591
			92
			362
			160
			1,548
			4,013
			-12
			-327
			982

			-794
			-107
			-18
			-321
			-68
			-202
			-140
			-444
			-11
			-160
			-221
			789
			961
			277
			480
			-159
			-107
			938
			938
			702
			-650
			402
			65
			66
			952
			-234
			-463
			-250
			958
			-949
			481
			1,384
			1,632
			453
			154
			66
			3,721
			307
			-67
			84
			-23
			-8
			14
			1,791
			263
			21
			19
			81
			-52
			356
			1,122
			7
			2,978
			-9
			546
			-14
			3,161
			-3,829
			381
			-30
			18
			256
			-148
			649
			52
			246
			303
			-15
			1,964
			16
			1,498
			455
			1,788
			1,872
			257
			241
			95
			-8
			243
			440
			24
			1,884
			276
			55
			1
			39
			25
			3,057
			725
			15
			3,518
			-117
			299
			271
			-616
			3,054
			26
			87
			316
			88
			-152
			327
			1,326
			19
			375
			624
			493
			33
			-97
			6
			75
			-1
			-2
			216
			63
			6
			6
			-9

			979
			154
			65
			152
			653
			164
			428

			61
			645
			-106
			449
			15
			54
			893
			3,013
			3,354
			781
			7
			569
			91
			311
			944
			479
			15
			66
			119
			-70
			13
			78
			2,192
			294
			570
			41
			-41
			77
			235
			220
			-20
			1,041
			223
			5,142
			167
			1,266
			-3
			-4
			5,605
			51
			151
			321
			132
			-88
			29
			118
			293
			268
			-149
			1,154
			86
			368
			909
			429
			697
			-111
			829
			38
			193
			619
			553
			39
			344
			275
			550

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	201,523
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	5,619
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	5,619
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	5,619
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	3,084
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,084
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	2,535
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax0	Refunded	11	0
	For Refunded amount, also complete and attach Form 8050. See instructions.

Form 990-PF (2025)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

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

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

on foundation managers.$

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

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

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

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

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

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

Yes

Website address

The books are in care ofJP MORGAN CHASE BANK NA Telephone no. (800) 496-2583

Located at10 S DEARBORN ST MC IL 1-0111CHICAGOIL ZIP+460603

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

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

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

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

16 No

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

Form 990-PF (2025)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2025)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JP MORGAN CHASE BANK NA	TRUSTEE 2	64,645
10 S DEARBORN ST MC IL 1-0111 CHICAGO,IL60603	TRUSTEE 2	64,645

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


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









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

Form 990-PF (2025)

Page 7

Part VII

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

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

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2025)

Page 8

Part IX

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

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

purposes:

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

6,082,431

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

221,228

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

123,997

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

6,427,656

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

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

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

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

6,427,656

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

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

96,415

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

6,331,241

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

316,562

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

316,562

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

5,619

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

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

5,619

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

310,943

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

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

310,943

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

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

310,943

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) ..........

295,126

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. .......

295,126

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					310,943
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				273,058
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2025:
a From 2020......	0
b From 2021......	0
c From 2022......	0
d From 2023......	0
e From 2024......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 295,126
a Applied to 2024, but not more than line 2a				273,058
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.....					22,068
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2025.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2024. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2025. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2026 ..........					288,875
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).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

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

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

aThe name, address, and telephone number or 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
AMERICAN HEART ASSOCIATION PO BOX 22035 DALLAS,TX75231	NONE		GENERAL	136,529
BAYLOR COLLEGE OF MEDICINE 1 BAYLOR PLZ 160 HOUSTON,TX770303411	NONE		GENERAL	68,265
UTMD ANDERSON CANCER CENTER 210 W 7TH ST AUSTIN,TX787012903	NONE		GENERAL	68,265
Total ................................. 3a				273,059

bApproved for future payment

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

Form 990-PF (2025)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	247,901
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	201,523
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aROYALTY INCOME			15	2,221
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				451,645

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

451,645

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2025)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2025)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
912828J27 US TREAS 2% 02/15/25
9128282A7 US TREAS 1.5% 08/15/	7,465	7,899
912828K74 US TREAS 2% 08/15/25
912828P46 US TREAS 1.625% 02/1	7,583	7,980
912828R36 US TREAS 1.625% 05/1	7,549	7,944
912828V98 US TREAS 2.25% 02/15	11,973	11,834
912828XB1 US TREAS 2.125% 05/1
92203J308 VANGUARD TTL INTL BN	233,033	207,161
54401E143 LORD ABBETT SHRT DUR	129,410	123,538
83002G108 SIX CIRCLES ULTR SHR	52,015	52,161
9128282R0 US TREAS 2.25% 08/15	11,563	11,767
72201F490 PIMCO INCOME FUND-IN	66,059	63,219
9128283F5 US TREAS 2.25% 11/15	12,731	12,712
9128284N7 US TREAS 2.875% 05/1	8,134	7,886
9128285M8 US TREAS 3.125% 11/1	8,294	7,911
9128286B1 US TREAS 2.625% 02/1	7,957	7,779
83002G884 SIX CIRCLES CREDIT O	123,704	129,316
912828YB0 US TREAS 1.625% 08/1	8,259	7,468
912828YS3 US TREAS 1.75% 11/15	6,605	6,537
912828ZQ6 US TREAS 0.625% 05/1	11,974	10,530
91282CAT8 US TREAS 0.25% 10/31
92203J407 VANGUARD TOTAL INTL	156,684	145,926
83002G702 SIX CIRCLES GLOBAL B	1,069,269	1,014,175
91282CAE1 US TREAS 0.625% 08/1	4,755	4,351
91282CAV3 US TREAS 0.875% 11/1	4,852	4,371
91282CBC4 US TREAS 0.375% 12/3
91282CBL4 US TREAS 1.125% 02/1	4,954	4,402
91282CCB5 US TREAS 1.625% 05/1	5,177	4,479
921937827 VANGUARD SHORT-TERM	82	79
912810FP8 US TREAS 5.375% 02/1	7,874	7,526
91282CCS8 US TREAS 1.25% 08/15	7,742	7,841
91282CDJ7 US TREAS 1.375% 11/1	9,390	9,582
91282CDY4 US TREAS 1.875% 02/1	10,082	9,810
912828U24 US TREAS 2% 11/15/26	7,451	7,894
912828Z94 US TREAS 1.5% 02/15/	2,593	2,756
91282CAZ4 US TREAS 0.375% 11/3
91282CBS9 US TREAS 1.25% 03/31	5,417	5,711
91282CDL2 US TREAS 1.5% 11/30/	11,680	12,270
91282CEC1 US TREAS 1.875% 02/2	11,014	11,778
91282CFV8 US TREAS 4.125% 11/1	8,374	8,092
91282CGJ4 US TREAS 3.5% 01/31/	7,570	7,954
91282CGM7 US TREAS 3.5% 02/15/	8,677	8,747
92206C870 VANGUARD INT-TERM CO	92,435	96,061
91282CCR0 US TREAS 1% 07/31/28	11,355	12,198
91282CFF3 US TREAS 2.75% 08/15	5,510	5,593
91282CFW6 US TREAS 4.5% 11/15/
91282CFY2 US TREAS 3.875% 11/3	8,892	9,075
91282CHT1 US TREAS 3.875% 08/1	5,992	5,950
91282CJJ1 US TREAS 4.5% 11/15/	6,024	6,195
91282CJZ5 US TREAS 4% 02/15/34	7,938	7,975
91282CEM9 US TREAS 2.875% 04/3	1,950	1,956
91282CFJ5 US TREAS 3.125% 08/3	3,794	3,933
91282CFT3 US TREAS 4% 10/31/29	9,114	9,118
91282CLF6 US TREAS 3.875% 08/1	5,788	5,908
91282CLW9 US TREAS 4.25% 11/15	4,071	4,042
921937835 VANGUARD TOTAL BOND	121,645	123,623

Name of Stock	End of Year Book Value	End of Year Fair Market Value
101137107 BOSTON SCIENTIFIC CO	2,285	10,584
110122108 BRISTOL-MYERS SQUIBB
438516106 HONEYWELL INTERNATIO
464287465 ISHARES MSCI EAFE ET
532457108 ELI LILLY AND COMPAN	727	10,747
548661107 LOWE'S COS INC	8,997	14,711
594918104 MICROSOFT CORP	2,827	72,059
609207105 MONDELEZ INTERNATION	1,695	4,199
617446448 MORGAN STANLEY	2,280	19,706
713448108 PEPSICO INC	4,389	6,745
882508104 TEXAS INSTRUMENTS IN	5,509	14,400
949746101 WELLS FARGO & CO	5,818	18,267
02079K107 ALPHABET INC-CL C	2,078	45,815
30303M102 META PLATFORMS INC-C	4,896	42,246
57636Q104 MASTERCARD INC - A	792	25,119
65339F101 NEXTERA ENERGY INC	5,268	10,838
78462F103 SPDR S&P 500 ETF TRU	290,352	1,007,196
91324P102 UNITEDHEALTH GROUP I	1,653	14,525
94106B101 WASTE CONNECTIONS IN	1,934	6,839
023135106 AMAZON.COM INC	3,784	48,241
037833100 APPLE INC	1,727	57,091
060505104 BANK OF AMERICA CORP	2,572	16,995
655844108 NORFOLK SOUTHERN COR
67066G104 NVIDIA CORP	2,430	88,774
025816109 AMERICAN EXPRESS CO	3,638	13,318
315911750 FIDELITY 500 INDEX F	24,581	27,563
83002G306 SIX CIRCLES US UNCON	477,395	781,914
83002G405 SIX CIRCLES INTL UNC	371,722	526,678
00287Y109 ABBVIE INC	5,377	17,365
337738108 FISERV INC
580135101 MCDONALD'S CORP	8,061	11,614
N6596X109 NXP SEMICONDUCTORS N
09857L108 BOOKING HOLDINGS INC	4,845	16,066
461202103 INTUIT INC	7,571	7,287
883556102 THERMO FISHER SCIENT	8,231	11,010
N07059210 ASML HOLDING NV-NY R	1,462	5,349
20825C104 CONOCOPHILLIPS
22160K105 COSTCO WHOLESALE COR	3,418	6,036
363576109 ARTHUR J GALLAGHER &	4,464	8,281
43300A203 HILTON WORLDWIDE HOL	4,270	9,767
45687V106 INGERSOLL RAND INC
46120E602 INTUITIVE SURGICAL I
46641Q191 JPMORGAN BETABUILDER	65,155	66,923
46641Q217 JPMORGAN BETABUILDER	137,355	180,527
46641Q225 JPMORGAN BETABUILDER	64,065	122,016
46641Q233 JPMORGAN BETABUILDER	77,858	85,182
679580100 OLD DOMINION FREIGHT	4,661	5,331
75886F107 REGENERON PHARMACEUT
G29183103 EATON CORP PLC	4,509	11,148
30231G102 EXXON MOBIL CORP	6,556	16,126
61174X109 MONSTER BEVERAGE COR
743315103 PROGRESSIVE CORP	4,538	8,881
78409V104 S&P GLOBAL INC	6,009	8,884
573284106 MARTIN MARIETTA MATE	5,719	8,717
842587107 THE SOUTHERN COMPANY	10,533	12,818
863667101 STRYKER CORP	6,795	8,084
872540109 TJX COMPANIES INC	4,152	7,988
G54950103 LINDE PLC	3,940	10,660
11135F101 BROADCOM INC	16,557	24,227
127387108 CADENCE DESIGN SYS I	5,208	5,314
254687106 WALT DISNEY CO/THE	12,038	12,060
68902V107 OTIS WORLDWIDE CORP
79466L302 SALESFORCE INC
824348106 SHERWIN-WILLIAMS CO/
032095101 AMPHENOL CORP-CL A	7,976	7,838
126408103 CSX CORP	8,875	8,990
26884L109 EQT CORP	7,768	7,450
278865100 ECOLAB INC	9,771	9,976
29364G103 ENTERGY CORP	5,066	4,991
443201108 HOWMET AEROSPACE INC	9,293	12,301
478160104 JOHNSON & JOHNSON	14,207	18,005
81762P102 SERVICENOW INC	8,418	6,894
874039100 TAIWAN SEMICONDUCTOR	7,381	11,244
931142103 WALMART INC	6,825	7,799
G8994E103 TRANE TECHNOLOGIES P	10,223	10,119

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
09257V508 BLACKSTONE ALT MULTI	AT COST	86,103	88,042
64128R608 NEUBERGER BERM LNG S	AT COST	56,488	65,073
72201U638 PIMCO MRTG OPP & BND	AT COST	32,535	32,115
83002G876 SIX CIRCLES MULTI-ST	AT COST	137,150	137,152

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
XXX-XX-XXXX WALTER COMPANY	1,800	1,800	8,400
XXX-XX-XXXX T&NO RR SVY JEFFERSO		0	1
XXX-XX-XXXX T&NO RR SVY JEFFERSO		0	1
XXX-XX-XXXX T&NO RR SVY JEFFERSO		0	1
XXX-XX-XXXX T&NO RR SVY ET JEFFE		0	1
XXX-XX-XXXX 160 AC BEING E/2 W/2		0	1
XXX-XX-XXXX WM BAIRD SVY WALLER		0	1
XXX-XX-XXXX B T ARCHER SVY BRAZO		0	1
XXX-XX-XXXX J GRIGSBY SVY DALLAS		0	1
XXX-XX-XXXX 160.00 AC J M VILLAR		0	1
XXX-XX-XXXX J PEREZ SVY HENDERSO		0	1
XXX-XX-XXXX J PEREZ SVY VAN ZAND		0	1
XXX-XX-XXXX 245.52 AC MAY PETROL		0	1
XXX-XX-XXXX 359 AC BEING 100.45		0	1
XXX-XX-XXXX B FRANKS SVY GALVEST		0	1
XXX-XX-XXXX 80 AC S HORTON SVY,		0	1
XXX-XX-XXXX WESTBURY FM GAS UT J		0	1
XXX-XX-XXXX T&L SVY GALVESTON CO		0	1
XXX-XX-XXXX T&NO RR SVY 27 JEFFE		0	1
XXX-XX-XXXX M LAZARINE SVY JEFFE		0	6,765
XXX-XX-XXXX T&NO RR SVY ET JEFFE		0	1
XXX-XX-XXXX EASLEY SVY ETC JEFFE		0	1
XXX-XX-XXXX EASLEY SVY ETC JEFFE		0	1
XXX-XX-XXXX D EASLEY SVY JEFFERS		0	1
XXX-XX-XXXX EASLEY SVY ETC JEFFE		0	1
XXX-XX-XXXX BEAD FARM CO	7,051	7,051	110,100

Description	Amount
2025 TRANSACTION POSTED IN 2026	3,960
ACCRUED INTEREST PAID	8
ROUNDING ADJUSTMENT	19
2026 TRANSACTION POSTED IN 2025	31

Description	Amount
2024 TRANSACTION POSTED IN 2025	4,053
2025 TRANSACTION POSTED IN 2024	11

Category	Amount	Net Investment Income
FOREIGN TAXES	117	117
FEDERAL TAX PAYMENT - PRIOR YE	1,505	0
FEDERAL ESTIMATES - INCOME	3,084	0
FOREIGN TAXES ON QUALIFIED FOR	1,615	1,615
FOREIGN TAXES ON NONQUALIFIED	451	451