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
THE MEDWAY CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address) 901 SOUTH BOND STREET STE 400
Room/suite

City or town
BALTIMORE

State or province
MD

Country

ZIP or foreign postal code
21231

A Employer identification number

45-5521136

B Telephone number (see instructions)

4105375452

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)$6,474,373J 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...	104,616		103,687
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		657,672
b	Gross sales price for all assets on line 6a 2,142,309
7	Capital gain net income (from Part IV, line 2)...			657,672
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	-28,149	-12,359
12	Total. Add lines 1 through 11........	734,139		749,000
13	Compensation of officers, directors, trustees, etc.	24,000				24,000
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	1,399	0	0	1,399
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	23,650	23,650		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	17,485	2,068		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	1,113	1,113
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	67,647		26,831	0	25,399
25	Contributions, gifts, grants paid.......	265,102				265,102
26	Total expenses and disbursements. Add lines 24 and 25 ................	332,749		26,831	0	290,501
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	401,390
b	Net investment income (if negative, enter -0-)			722,169
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2025)

Form 990-PF (2025)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	477,084	387,044	387,044
	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).......	2,405,885	List of Attached Documents: // Content 2,932,877	4,480,576
	c	Investments—corporate bonds (attach schedule).......	1,046,072	List of Attached Documents: // Content 1,037,645	972,148
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	274,958	List of Attached Documents: // Content 390,502	634,605
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,203,999	4,748,068	6,474,373
	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........	4,203,999	4,748,068
	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).....	4,203,999	4,748,068
	30	Total liabilities and net assets/fund balances (see instructions).	4,203,999	4,748,068

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

4,203,999

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

401,390

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

List of Attached Documents:

// Content

142,679

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

4,748,068

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) ..

4,748,068

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	45. AMER SPORTS INC COM		2024-12-05	2025-01-03
b	13. AMER SPORTS INC COM		2024-12-05	2025-01-06
c	18. AMER SPORTS INC COM		2024-12-05	2025-01-08
d	. PROCEEDS FROM SECURITIES LITIGATION			2025-01-09
e	2. INTUITIVE SURGICAL INC		2013-09-30	2025-01-15
	41. AGILENT TECHNOLOGIES INC		2023-09-22	2025-01-24
	74. BAKER HUGHES COMPANY		2024-10-01	2025-01-27
	20. BAKER HUGHES COMPANY		2022-06-28	2025-01-27
	1. MASTERCARD INCORPORATED CL A		2020-02-25	2025-01-27
	47. BLACKSTONE GROUP INC CLASS A		2020-03-12	2025-01-29
	42. KKR CO INC A		2022-02-24	2025-01-29
	15. BLACKSTONE GROUP INC CLASS A		2020-03-12	2025-01-30
	24. BLACKSTONE GROUP INC CLASS A		2020-03-12	2025-01-31
	4. AMAZON.COM INC		2015-01-16	2025-02-11
	2. AMAZON.COM INC		2015-01-16	2025-02-11
	1. COSTCO WHOLESALE CORPORATION		2013-02-05	2025-02-11
	2. MICROSOFT CORP.		2018-12-19	2025-02-11
	2. MICROSOFT CORP.		2018-12-19	2025-02-11
	21. UBER TECHNOLOGIES INC		2024-12-05	2025-02-11
	11. ALPHABET INC CL C		2013-02-05	2025-02-13
	3. INTUITIVE SURGICAL INC		2013-09-30	2025-02-13
	. PROCEEDS FROM SECURITIES LITIGATION			2025-02-19
	9. APPLE COMPUTER INC.		2013-04-16	2025-02-24
	1. INTUITIVE SURGICAL INC		2013-12-04	2025-02-24
	2. MASTERCARD INCORPORATED CL A		2020-02-25	2025-02-24
	2. VEEVA SYS INC CL A COM		2021-01-07	2025-02-24
	6. VISA INC COM CL A		2015-06-23	2025-02-24
	1. MASTERCARD INCORPORATED CL A		2020-02-25	2025-02-25
	6. VEEVA SYS INC CL A COM		2021-03-03	2025-02-25
	2. CINTAS CORP.		2018-02-16	2025-03-07
	4. UBER TECHNOLOGIES INC		2024-12-05	2025-03-07
	12. UBER TECHNOLOGIES INC		2023-08-14	2025-03-07
	8. VERALTO CORP		2023-10-24	2025-03-07
	4. VERALTO CORP		2023-10-24	2025-03-07
	29. AMER SPORTS INC COM		2024-12-05	2025-03-07
	55. AMER SPORTS INC COM		2024-03-06	2025-03-07
	5. ADOBE SYS INCORP		2016-05-03	2025-03-10
	2. ALIGN TECHNOLOGY INC		2022-08-05	2025-03-10
	72. CARMAX INC		2020-03-18	2025-03-10
	49. CARMAX INC		2016-06-22	2025-03-10
	3. AMER SPORTS INC COM		2024-03-06	2025-03-10
	4. ADOBE SYS INCORP		2016-05-06	2025-03-11
	4. ALIGN TECHNOLOGY INC		2022-08-05	2025-03-11
	8. ALIGN TECHNOLOGY INC		2022-05-25	2025-03-11
	25. CARMAX INC		2016-02-16	2025-03-11
	32. AMER SPORTS INC COM		2024-03-06	2025-03-11
	5. ADOBE SYS INCORP		2016-05-05	2025-03-12
	4. ADOBE SYS INCORP		2016-05-05	2025-03-12
	9. ALIGN TECHNOLOGY INC		2022-06-27	2025-03-12
	9. ALIGN TECHNOLOGY INC		2022-10-28	2025-03-12
	1. ALIGN TECHNOLOGY INC		2022-10-28	2025-03-12
	62. CARMAX INC		2016-02-24	2025-03-12
	13. AMER SPORTS INC COM		2024-03-06	2025-03-12
	46. CARMAX INC		2016-02-11	2025-03-13
	38. AMER SPORTS INC COM		2024-09-19	2025-03-17
	4. AMER SPORTS INC COM		2024-03-06	2025-03-17
	7. COSTAR GROUP		2023-03-30	2025-03-18
	10. PROGRESSIVE CORP		2023-04-20	2025-03-18
	4. S P GLOBAL INC COM		2023-02-02	2025-03-18
	8. AMER SPORTS INC COM		2024-09-19	2025-03-18
	34. AMER SPORTS INC COM		2024-09-19	2025-03-19
	198. BAKER HUGHES COMPANY		2022-06-28	2025-03-21
	178. BAKER HUGHES COMPANY		2022-01-24	2025-03-24
	166. BAKER HUGHES COMPANY		2022-01-24	2025-03-25
	1. COSTCO WHOLESALE CORPORATION		2013-02-05	2025-04-07
	3. S P GLOBAL INC COM		2022-03-10	2025-04-07
	5. AUTODESK INC		2025-02-11	2025-04-09
	4. AUTODESK INC		2018-07-05	2025-04-09
	6. COSTAR GROUP		2023-03-30	2025-04-09
	2. S P GLOBAL INC COM		2022-03-14	2025-04-09
	3. VEEVA SYS INC CL A COM		2021-03-03	2025-04-09
	5. VERALTO CORP		2023-10-13	2025-04-09
	7. ALPHABET INC CL C		2013-02-05	2025-04-10
	13. S P GLOBAL INC COM		2023-05-19	2025-04-10
	36. AMERICAN INTERNATIONAL GROUP		2024-06-13	2025-04-16
	95. APPLE COMPUTER INC.		2013-04-25	2025-04-16
	11. BERKSHIRE HATHAWAY INC CL B		2015-06-23	2025-04-16
	34. FERGUSON ENTERPRISES INC		2023-11-16	2025-04-16
	9. MASTERCARD INCORPORATED CL A		2015-06-23	2025-04-16
	11. PROGRESSIVE CORP		2023-07-14	2025-04-16
	21. T MOBILE US INC COM		2022-08-12	2025-04-16
	14. VISA INC COM CL A		2015-06-23	2025-04-16
	118. ALPHABET INC CL C		2015-06-23	2025-05-01
	11. BRIGHT HORIZONS FAMILY SOLUT		2021-05-05	2025-05-07
	9. BRIGHT HORIZONS FAMILY SOLUT		2021-12-30	2025-05-07
	1. INTUIT INC.		2025-02-11	2025-05-07
	1. INTUIT INC.		2017-04-26	2025-05-07
	2. MICROSOFT CORP.		2018-12-19	2025-05-07
	1. SERVICENOW INC COM		2021-03-31	2025-05-07
	5. WORKDAY INC		2024-02-19	2025-05-07
	6. BRIGHT HORIZONS FAMILY SOLUT		2021-12-30	2025-05-08
	9. BRIGHT HORIZONS FAMILY SOLUT		2021-12-30	2025-05-08
	16. BRIGHT HORIZONS FAMILY SOLUT		2021-12-29	2025-05-09
	27. BRIGHT HORIZONS FAMILY SOLUT		2021-12-29	2025-05-12
	17. ALPHABET INC CL C		2013-02-05	2025-05-13
	10. BRIGHT HORIZONS FAMILY SOLUT		2020-08-10	2025-05-13
	1. NETFLIX COM INC		2025-02-11	2025-05-13
	12. UBER TECHNOLOGIES INC		2023-07-12	2025-05-13
	4. BRIGHT HORIZONS FAMILY SOLUT		2020-08-04	2025-05-14
	12. BRIGHT HORIZONS FAMILY SOLUT		2020-08-04	2025-05-15
	23. BRIGHT HORIZONS FAMILY SOLUT		2020-08-04	2025-05-15
	26. BRIGHT HORIZONS FAMILY SOLUT		2022-06-29	2025-05-16
	48. AGILENT TECHNOLOGIES INC		2023-10-30	2025-05-19
	18. AGILENT TECHNOLOGIES INC		2023-10-30	2025-05-19
	33. EDWARDS LIFESCIENCES CORP		2024-08-06	2025-05-19
	27. EDWARDS LIFESCIENCES CORP		2023-09-22	2025-05-19
	63. AGILENT TECHNOLOGIES INC		2020-03-20	2025-05-20
	1. INTUIT INC.		2017-04-26	2025-05-20
	1. MICROSOFT CORP.		2018-12-19	2025-05-20
	7. NVIDIA CORP COM		2025-02-11	2025-05-20
	1. SERVICENOW INC COM		2021-03-31	2025-05-20
	7. AGILENT TECHNOLOGIES INC		2020-03-20	2025-05-21
	27. MARVELL TECHNOLOGY INC		2024-05-28	2025-05-30
	4. NVIDIA CORP COM		2025-02-11	2025-05-30
	3. S P GLOBAL INC COM		2022-05-24	2025-05-30
	11. COSTAR GROUP		2023-03-29	2025-06-02
	26. MARVELL TECHNOLOGY INC		2024-03-01	2025-06-02
	5. TRADE DESK INC COM CL A		2024-12-03	2025-06-12
	1. VEEVA SYS INC CL A COM		2021-03-03	2025-06-12
	6. TRADE DESK INC COM CL A		2024-12-03	2025-06-13
	2. VEEVA SYS INC CL A COM		2021-03-03	2025-06-13
	16. APPLE COMPUTER INC.		2013-04-25	2025-06-20
	9. GE AEROSPACE		2023-09-28	2025-06-20
	4. NVIDIA CORP COM		2025-03-18	2025-06-27
	10. NVIDIA CORP COM		2025-05-07	2025-06-27
	4. NVIDIA CORP COM		2022-01-28	2025-06-27
	4. AUTODESK INC		2018-07-05	2025-07-07
	5. DATADOG INC CLASS A		2025-03-12	2025-07-07
	23. WORKDAY INC		2024-05-08	2025-07-07
	4. WORKDAY INC		2024-09-20	2025-07-09
	2. WORKDAY INC		2024-05-08	2025-07-09
	1. NVIDIA CORP COM		2022-01-28	2025-07-14
	10. NVIDIA CORP COM		2022-01-28	2025-07-14
	5. WORKDAY INC		2024-09-20	2025-07-14
	40. APPLE COMPUTER INC.		2013-04-25	2025-07-16
	7. GE AEROSPACE		2023-09-28	2025-07-16
	1. WORKDAY INC		2024-09-20	2025-07-17
	1. WORKDAY INC		2024-09-20	2025-07-17
	1. WORKDAY INC		2024-09-20	2025-07-18
	1. WORKDAY INC		2024-09-20	2025-07-18
	2. WORKDAY INC		2024-09-20	2025-07-21
	2. WORKDAY INC		2024-09-23	2025-07-22
	15. WORKDAY INC		2024-06-12	2025-07-22
	1. WORKDAY INC		2024-06-12	2025-07-22
	14. AUTODESK INC		2024-06-18	2025-07-25
	18. CARRIER GLOBAL CORPORATION COM		2024-05-06	2025-07-25
	13. CARRIER GLOBAL CORPORATION COM		2024-05-03	2025-07-25
	9. GE AEROSPACE		2023-09-28	2025-07-25
	21. KKR CO INC A		2025-04-16	2025-07-30
	31. ILLUMINA INC COM		2024-10-04	2025-07-31
	14. FERGUSON ENTERPRISES INC		2023-11-15	2025-08-14
	3. CADENCE DESIGN SYS INC		2025-07-22	2025-08-22
	6. NVIDIA CORP COM		2022-01-28	2025-08-22
	2. PROGRESSIVE CORP		2023-04-13	2025-08-22
	4. UBER TECHNOLOGIES INC		2023-07-11	2025-08-22
	5. UBER TECHNOLOGIES INC		2023-07-11	2025-08-22
	1. CADENCE DESIGN SYS INC		2024-12-02	2025-08-25
	1. CADENCE DESIGN SYS INC		2024-04-12	2025-08-25
	6. NVIDIA CORP COM		2022-01-28	2025-08-25
	1. PROGRESSIVE CORP		2023-04-13	2025-08-25
	8. UBER TECHNOLOGIES INC		2023-07-11	2025-08-25
	4. ALPHABET INC CL C		2025-08-25	2025-09-05
	8. ALPHABET INC CL C		2013-02-05	2025-09-05
	3. CADENCE DESIGN SYS INC		2024-04-15	2025-09-05
	3. MASTERCARD INCORPORATED CL A		2020-02-25	2025-09-05
	255. MARVELL TECHNOLOGY INC		2025-06-20	2025-09-08
	2. TRANSDIGM GROUP INC		2024-05-07	2025-09-11
	1. TRANSDIGM GROUP INC		2024-05-07	2025-09-12
	172. AMER SPORTS INC COM		2024-09-19	2025-09-22
	15. AMER SPORTS INC COM		2024-02-01	2025-09-29
	2. MICROSOFT CORP.		2025-08-25	2025-09-30
	8. NVIDIA CORP COM		2025-09-05	2025-09-30
	10. NVIDIA CORP COM		2022-01-28	2025-09-30
	21. AMER SPORTS INC COM		2024-02-01	2025-10-01
	9. AMER SPORTS INC COM		2024-02-01	2025-10-02
	5. AMER SPORTS INC COM		2024-02-01	2025-10-03
	6. ADOBE SYS INCORP		2024-04-17	2025-10-29
	13. ALIGN TECHNOLOGY INC		2025-01-27	2025-10-29
	33. ALPHABET INC CL C		2015-06-23	2025-10-29
	5. ALPHABET INC CL C		2025-09-30	2025-10-29
	75. ALPHABET INC CL C		2013-02-05	2025-10-29
	34. ALPHABET INC CL A		2015-06-23	2025-10-29
	35. AMAZON.COM INC		2025-10-28	2025-10-29
	15. AMAZON.COM INC		2021-10-28	2025-10-29
	111. AMAZON.COM INC		2015-01-16	2025-10-29
	45. AMERICAN INTERNATIONAL GROUP		2024-06-13	2025-10-29
	16. ANALOG DEVICES INC		2025-08-22	2025-10-29
	12. ELEVANCE HEALTH INC		2024-10-22	2025-10-29
	13. APPLE COMPUTER INC.		2013-04-19	2025-10-29
	12. AUTODESK INC		2024-04-26	2025-10-29
	53. AUTODESK INC		2018-07-02	2025-10-29
	88. BANK OF AMERICA CORPORATION		2025-04-16	2025-10-29
	18. BERKSHIRE HATHAWAY INC CL B		2015-06-23	2025-10-29
	1. BOOKING HLDGS INC		2015-06-23	2025-10-29
	26812.838 BROWN ADVISORY INTERMEDI ATE INCOME INV		2013-02-05	2025-10-29
	2783.435 BROWN ADVISORY SM CP FUNDAMENTAL VAL		2023-11-29	2025-10-29
	22442.583 BROWN ADVISORY SMALL-CAP GROWTH INV		2023-11-29	2025-10-29
	39. CADENCE DESIGN SYS INC		2024-08-06	2025-10-29
	25. CANADIAN NATL RAILWAY CO		2024-05-06	2025-10-29
	76. CARRIER GLOBAL CORPORATION COM		2024-05-03	2025-10-29
	78. CINTAS CORP.		2018-02-23	2025-10-29
	23. COSTCO WHOLESALE CORPORATION		2013-02-05	2025-10-29
	165. COSTAR GROUP		2023-04-10	2025-10-29
	10. DANAHER CORP		2024-01-04	2025-10-29
	90. DATADOG INC CLASS A		2025-04-07	2025-10-29
	284. DRAFTKINGS INC NEW		2025-09-30	2025-10-29
	61. EDWARDS LIFESCIENCES CORP		2024-08-06	2025-10-29
	9. META PLATFORMS INC		2025-05-01	2025-10-29
	12. META PLATFORMS INC		2023-01-23	2025-10-29
	32. META PLATFORMS INC		2025-05-13	2025-10-29
	8. FAIR ISAAC & CO INC		2025-07-09	2025-10-29
	13. FERGUSON ENTERPRISES INC		2023-07-25	2025-10-29
	3. FIRST CTZNS BANCSHARES INC CL A		2021-02-12	2025-10-29
	36. FISERV INC		2025-05-19	2025-10-29
	21. GENERAC HLDGS INC		2025-09-12	2025-10-29
	50. GENERAC HLDGS INC		2023-04-12	2025-10-29
	12. GE AEROSPACE		2023-09-28	2025-10-29
	81. HILTON WORLDWIDE HLDGS INC		2024-06-10	2025-10-29
	23. ILLUMINA INC COM		2024-10-04	2025-10-29
	9. INTUIT INC.		2025-01-29	2025-10-29
	4. INTUIT INC.		2025-08-25	2025-10-29
	26. INTUIT INC.		2017-04-26	2025-10-29
	5. INTUITIVE SURGICAL INC		2025-09-05	2025-10-29
	35. INTUITIVE SURGICAL INC		2013-12-04	2025-10-29
	3. KLA INSTRUMENTS CORP.		2024-11-25	2025-10-29
	25. KKR CO INC A		2025-04-16	2025-10-29
	51. KKR CO INC A		2022-11-07	2025-10-29
	9. LOWES COS INC		2015-06-23	2025-10-29
	25. MARVELL TECHNOLOGY INC		2025-03-11	2025-10-29
	39. MARVELL TECHNOLOGY INC		2025-09-30	2025-10-29
	149. MARVELL TECHNOLOGY INC		2024-07-19	2025-10-29
	20. MASTERCARD INCORPORATED CL A		2015-06-23	2025-10-29
	34. MASTERCARD INCORPORATED CL A		2020-03-18	2025-10-29
	36. MICROSOFT CORP.		2021-01-21	2025-10-29
	2. MICROSOFT CORP.		2025-07-14	2025-10-29
	51. MICROSOFT CORP.		2018-12-26	2025-10-29
	54. MONDELEZ INTL INC CLASS CLASS A		2025-09-22	2025-10-29
	6. NETFLIX COM INC		2025-01-27	2025-10-29
	12. NETFLIX COM INC		2024-10-01	2025-10-29
	147. NVIDIA CORP COM		2022-01-28	2025-10-29
	13. OLD DOMINION FGHT LINE INC		2025-03-28	2025-10-29
	14. PROGRESSIVE CORP		2023-07-14	2025-10-29
	62. PROGRESSIVE CORP		2023-08-14	2025-10-29
	4. S P GLOBAL INC COM		2025-09-12	2025-10-29
	14. S P GLOBAL INC COM		2023-03-09	2025-10-29
	320. SAMSARA INC COM CL A		2025-09-30	2025-10-29
	45. CHARLES SCHWAB CORP.		2025-10-28	2025-10-29
	1. SERVICENOW INC COM		2025-07-22	2025-10-29
	20. SERVICENOW INC COM		2022-12-06	2025-10-29
	105. SUNCOR ENERGY INC		2025-01-27	2025-10-29
	19. SUNCOR ENERGY INC		2024-10-01	2025-10-29
	30. TJX COS INC		2021-10-29	2025-10-29
	13. T MOBILE US INC COM		2021-02-04	2025-10-29
	30. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR		2025-04-16	2025-10-29
	17. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR		2024-01-25	2025-10-29
	187. TRADE DESK INC COM CL A		2025-09-30	2025-10-29
	9. TRANSDIGM GROUP INC		2024-04-26	2025-10-29
	41. UBER TECHNOLOGIES INC		2024-07-12	2025-10-29
	227. UBER TECHNOLOGIES INC		2023-07-11	2025-10-29
	7. UNITED RENTALS INC		2020-03-11	2025-10-29
	20. UNITEDHEALTH GROUP INC		2024-12-18	2025-10-29
	1. UNITEDHEALTH GROUP INC		2024-01-25	2025-10-29
	5. VEEVA SYS INC CL A COM		2025-09-05	2025-10-29
	29. VEEVA SYS INC CL A COM		2023-02-07	2025-10-29
	96. VERALTO CORP		2023-10-26	2025-10-29
	32. VISA INC COM CL A		2015-06-23	2025-10-29
	20. WEST PHARMACEUTICAL SVCS INC COM		2025-02-25	2025-10-29
	28. WEST PHARMACEUTICAL SVCS INC COM		2024-10-01	2025-10-29
	10. WORKDAY INC		2024-09-10	2025-10-29
	93. ZOETIS INC		2017-04-19	2025-10-29
	111. AMER SPORTS INC COM		2024-02-01	2025-10-29
	132. NOMAD FOODS LTD		2022-01-14	2025-10-29
	9. TRANE TECHNOLOGIES PLC		2025-03-07	2025-10-29
	22. TRANE TECHNOLOGIES PLC		2024-08-08	2025-10-29
	13. NXP SEMICONDUCTORS N V COM		2025-07-23	2025-10-29
	37. NXP SEMICONDUCTORS N V COM		2018-12-18	2025-10-29
	22. FISERV INC		2025-07-25	2025-10-30
	60. FISERV INC		2024-06-14	2025-10-30
	21. FISERV INC		2025-07-25	2025-10-30
	160. FISERV INC		2023-05-30	2025-10-30
	25. FISERV INC		2022-12-16	2025-10-30
	26. ADOBE SYS INCORP		2024-04-17	2025-11-25
	27. ADOBE SYS INCORP		2022-11-04	2025-11-26
	43. TJX COS INC		2021-10-28	2025-11-26
	57. AMERICAN INTERNATIONAL GROUP		2024-01-05	2025-12-18
	1. FIRST CTZNS BANCSHARES INC CL A		2021-02-11	2025-12-18
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,318	1,035	283
b	395	299	96
c	547	414	133
d	94		94
e	1,141	83	1,058
	6,213	4,861	1,352
	3,230	2,724	506
	873	601	272
	542	308	234
	8,731	1,581	7,150
	7,001	2,440	4,561
	2,687	505	2,182
	4,292	808	3,484
	928	58	870
	462	29	433
	1,057	104	953
	820	207	613
	823	207	616
	1,629	1,369	260
	2,049	210	1,839
	1,771	125	1,646
	35		35
	2,231	136	2,095
	592	41	551
	1,118	615	503
	453	552	-99
	2,102	416	1,686
	560	308	252
	1,325	1,649	-324
	403	84	319
	302	261	41
	906	533	373
	790	581	209
	400	290	110
	768	667	101
	1,456	879	577
	2,181	469	1,712
	331	584	-253
	5,334	3,422	1,912
	3,642	2,294	1,348
	78	48	30
	1,748	374	1,374
	652	1,120	-468
	1,308	2,166	-858
	1,829	1,158	671
	846	507	339
	2,195	467	1,728
	1,752	372	1,380
	1,525	2,344	-819
	1,487	1,938	-451
	166	185	-19
	4,530	2,807	1,723
	360	206	154
	3,199	1,967	1,232
	1,073	569	504
	113	63	50
	557	478	79
	2,860	1,382	1,478
	1,949	1,544	405
	230	120	110
	979	509	470
	8,717	5,452	3,265
	7,966	4,852	3,114
	7,468	4,419	3,049
	906	104	802
	1,316	1,145	171
	1,308	1,492	-184
	1,046	528	518
	466	410	56
	936	759	177
	645	823	-178
	454	359	95
	1,080	134	946
	5,942	4,740	1,202
	2,916	2,667	249
	18,433	1,426	17,007
	5,672	1,556	4,116
	5,505	5,666	-161
	4,617	864	3,753
	3,033	1,287	1,746
	5,465	2,872	2,593
	4,634	971	3,663
	19,240	3,190	16,050
	1,366	1,572	-206
	1,107	1,150	-43
	639	588	51
	639	116	523
	869	207	662
	980	502	478
	1,249	1,422	-173
	744	756	-12
	1,107	1,129	-22
	1,962	2,000	-38
	3,310	3,319	-9
	2,734	325	2,409
	1,226	1,120	106
	1,139	1,008	131
	1,097	530	567
	481	444	37
	1,445	1,333	112
	2,783	2,544	239
	3,230	2,244	986
	5,428	5,208	220
	2,036	1,550	486
	2,568	2,064	504
	2,101	1,882	219
	7,149	4,697	2,452
	669	116	553
	457	104	353
	938	926	12
	1,020	503	517
	769	484	285
	1,610	2,102	-492
	538	529	9
	1,537	1,049	488
	802	749	53
	1,595	2,014	-419
	355	692	-337
	289	274	15
	414	810	-396
	566	549	17
	3,211	235	2,976
	2,153	801	1,352
	630	466	164
	1,571	1,163	408
	628	89	539
	1,262	527	735
	764	513	251
	5,538	6,078	-540
	961	991	-30
	480	500	-20
	165	22	143
	1,646	222	1,424
	1,127	1,239	-112
	8,415	573	7,842
	1,860	623	1,237
	231	248	-17
	229	248	-19
	232	248	-16
	232	248	-16
	468	495	-27
	478	493	-15
	3,585	3,204	381
	239	211	28
	4,249	3,406	843
	1,453	1,141	312
	1,050	808	242
	2,443	801	1,642
	3,153	2,136	1,017
	3,195	4,380	-1,185
	3,197	2,260	937
	1,048	952	96
	1,068	133	935
	498	275	223
	387	173	214
	487	217	270
	346	311	35
	346	306	40
	1,079	133	946
	246	138	108
	767	347	420
	936	833	103
	1,872	153	1,719
	1,049	913	136
	1,750	923	827
	16,513	18,194	-1,681
	2,585	2,374	211
	1,282	1,182	100
	6,098	2,462	3,636
	530	195	335
	1,034	1,009	25
	1,489	1,330	159
	1,862	222	1,640
	734	273	461
	316	117	199
	177	65	112
	2,038	2,846	-808
	1,710	3,025	-1,315
	9,031	892	8,139
	1,362	1,214	148
	20,434	1,435	18,999
	9,279	958	8,321
	8,026	8,087	-61
	3,440	2,598	842
	25,401	1,606	23,795
	3,489	3,145	344
	3,789	4,072	-283
	4,029	5,038	-1,009
	3,506	184	3,322
	3,576	2,621	955
	15,806	6,825	8,981
	4,643	3,282	1,361
	8,538	2,546	5,992
	5,122	1,159	3,963
	265,715	298,427	-32,712
	82,000	72,588	9,412
	515,955	403,539	112,416
	13,277	11,029	2,248
	2,329	3,112	-783
	4,672	4,724	-52
	14,409	3,198	11,211
	20,960	2,385	18,575
	11,349	11,103	246
	2,153	2,320	-167
	13,977	8,983	4,994
	8,772	10,190	-1,418
	5,038	3,749	1,289
	6,712	5,211	1,501
	8,949	1,670	7,279
	23,871	19,452	4,419
	12,754	15,001	-2,247
	3,240	2,087	1,153
	5,354	2,166	3,188
	2,560	6,408	-3,848
	3,898	3,691	207
	9,280	5,278	4,002
	3,744	1,067	2,677
	21,224	15,808	5,416
	2,208	3,250	-1,042
	5,874	5,342	532
	2,609	2,753	-144
	16,957	3,014	13,943
	2,683	2,357	326
	18,780	1,438	17,342
	3,740	1,917	1,823
	2,990	2,543	447
	6,100	2,702	3,398
	2,146	635	1,511
	2,262	1,689	573
	3,499	2,842	657
	13,369	10,365	3,004
	11,061	1,920	9,141
	18,819	10,093	8,726
	19,423	4,187	15,236
	1,077	1,006	71
	27,474	5,147	22,327
	3,079	3,516	-437
	6,605	5,160	1,445
	13,211	8,543	4,668
	30,235	3,268	26,967
	1,796	2,151	-355
	2,895	1,638	1,257
	12,862	8,296	4,566
	1,894	2,204	-310
	6,629	4,823	1,806
	12,650	12,431	219
	4,249	4,233	16
	918	965	-47
	18,369	8,471	9,898
	4,204	4,076	128
	761	732	29
	4,257	1,955	2,302
	2,776	1,685	1,091
	9,131	4,516	4,615
	5,174	1,988	3,186
	9,311	16,743	-7,432
	11,762	10,008	1,754
	3,931	2,984	947
	21,771	9,741	12,030
	6,126	523	5,603
	7,122	10,014	-2,892
	356	491	-135
	1,421	1,364	57
	8,239	6,771	1,468
	9,502	6,847	2,655
	10,912	2,220	8,692
	5,689	4,971	718
	7,965	8,246	-281
	2,301	2,550	-249
	13,470	4,940	8,530
	3,573	1,443	2,130
	1,500	3,447	-1,947
	3,863	3,211	652
	9,442	7,162	2,280
	2,644	2,990	-346
	7,526	3,003	4,523
	1,447	3,462	-2,015
	3,947	8,871	-4,924
	1,365	2,961	-1,596
	10,399	16,823	-6,424
	1,650	2,466	-816
	8,311	9,268	-957
	8,580	7,969	611
	6,594	2,801	3,793
	4,919	3,933	986
	2,105	720	1,385
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832
			85,832

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			283
b			96
c			133
d			94
e			1,058
			1,352
			506
			272
			234
			7,150
			4,561
			2,182
			3,484
			870
			433
			953
			613
			616
			260
			1,839
			1,646
			35
			2,095
			551
			503
			-99
			1,686
			252
			-324
			319
			41
			373
			209
			110
			101
			577
			1,712
			-253
			1,912
			1,348
			30
			1,374
			-468
			-858
			671
			339
			1,728
			1,380
			-819
			-451
			-19
			1,723
			154
			1,232
			504
			50
			79
			1,478
			405
			110
			470
			3,265
			3,114
			3,049
			802
			171
			-184
			518
			56
			177
			-178
			95
			946
			1,202
			249
			17,007
			4,116
			-161
			3,753
			1,746
			2,593
			3,663
			16,050
			-206
			-43
			51
			523
			662
			478
			-173
			-12
			-22
			-38
			-9
			2,409
			106
			131
			567
			37
			112
			239
			986
			220
			486
			504
			219
			2,452
			553
			353
			12
			517
			285
			-492
			9
			488
			53
			-419
			-337
			15
			-396
			17
			2,976
			1,352
			164
			408
			539
			735
			251
			-540
			-30
			-20
			143
			1,424
			-112
			7,842
			1,237
			-17
			-19
			-16
			-16
			-27
			-15
			381
			28
			843
			312
			242
			1,642
			1,017
			-1,185
			937
			96
			935
			223
			214
			270
			35
			40
			946
			108
			420
			103
			1,719
			136
			827
			-1,681
			211
			100
			3,636
			335
			25
			159
			1,640
			461
			199
			112
			-808
			-1,315
			8,139
			148
			18,999
			8,321
			-61
			842
			23,795
			344
			-283
			-1,009
			3,322
			955
			8,981
			1,361
			5,992
			3,963
			-32,712
			9,412
			112,416
			2,248
			-783
			-52
			11,211
			18,575
			246
			-167
			4,994
			-1,418
			1,289
			1,501
			7,279
			4,419
			-2,247
			1,153
			3,188
			-3,848
			207
			4,002
			2,677
			5,416
			-1,042
			532
			-144
			13,943
			326
			17,342
			1,823
			447
			3,398
			1,511
			573
			657
			3,004
			9,141
			8,726
			15,236
			71
			22,327
			-437
			1,445
			4,668
			26,967
			-355
			1,257
			4,566
			-310
			1,806
			219
			16
			-47
			9,898
			128
			29
			2,302
			1,091
			4,615
			3,186
			-7,432
			1,754
			947
			12,030
			5,603
			-2,892
			-135
			57
			1,468
			2,655
			8,692
			718
			-281
			-249
			8,530
			2,130
			-1,947
			652
			2,280
			-346
			4,523
			-2,015
			-4,924
			-1,596
			-6,424
			-816
			-957
			611
			3,793
			986
			1,385

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	657,672
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	10,038
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	10,038
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	10,038
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	12,728
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	12,728
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,690
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax2,690	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?.........

Yes

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

Yes

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 ofBROWN ADVISORY Telephone no. (410) 537-5452

Located at901 S BOND STREET SUITE 400BALTIMOREMD ZIP+421231

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-)
PETER H S WOOD	TRUSTEE 3	12,000
PO BOX 1138 MIDDLEBURG,VA20118	TRUSTEE 3	12,000
WENDY WOOD	TRUSTEE 3	12,000
5 ORCHARD PASS MT DESERT,ME04660	TRUSTEE 3	12,000

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

5,952,955

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

377,869

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

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

6,330,824

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

6,330,824

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

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

94,962

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

6,235,862

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

311,793

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

311,793

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

10,038

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

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

10,038

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

301,755

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

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

301,755

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

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

301,755

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) ..........

290,501

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. .......

290,501

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					301,755
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				265,101
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: $ 290,501
a Applied to 2024, but not more than line 2a				265,101
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.....					25,400
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 ..........					276,355
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
BLUE RIDGE WILDLIFE CENTER PO BOX 326 MILLWOOD,VA22646	NONE		FOR RESCUE OF WILD ANIMALS	5,000
THE SEEING EYE PO BOX 375 MORRISTOWN,NJ07963	NONE		PROGRAM SUPPORT	5,000
PIEDMONT ENVIRONMENTAL COUNCIL 45 HORNER ST WARRENTON,VA20186	NONE		PROGRAM SUPPORT	10,000
A PLACE TO BE 8 N JAY STREET MIDDLEBURG,VA20117	NONE		IN HONOR OF WILLIAM	2,500
SOUTHWEST HARBOR LIBRARY 338 MAIN STREET SOUTHWEST HARBOR,ME04679	NONE		PROGRAM SUPPORT	500
SEVEN LOAVES SERVICES INC 15 W WASHINGTON ST MIDDLEBURG,VA20117	NONE		GENERAL	5,000
OAK SPRING GARDEN FOUNDATION 1776 LOUGHBOROUGH LN UPPERVILLE,VA20184	NONE		PROGRAM SUPPORT	10,000
CURE ALZHEIMER''S FUND 34 WASHINGTON STREET WELLESLEY HILLS,MA02481	NONE		GENERAL	5,000
GOOSE CREEK ASSOCIATION PO BOX 1178 MIDDLEBURG,VA20118	NONE		PROGRAM SUPPORT	5,000
MOUNT DESERT NURSING ASSOCIATION 12 SUMMIT ROAD NORTHEAST HARBOR,ME04662	NONE		PROGRAM SUPPORT	20,000
OCEAN CONSERVANCY 1300 19TH ST NW 8TH FLR WASHINGTON,DC20036	NONE		PROGRAM SUPPORT	5,000
SAVE THE BOUNDRY WATERS PO BOX 625 Ely,MN55731	NONE		PROGRAM SUPPORT	1,551
HIMALAYA CURRENTS INC 176 AMITY ROAD NO 199 Woodbridge,CT06525	NONE		PROGRAM SUPPORT	16,000
BLUE RIDGE HOSPICE 333 W CORK ST 405 Winchester,VA22601	NONE		PROGRAM SUPPORT	2,500
A CLIMATE TO THRIVE PO BOX 75 Mount Desert,ME04460	NONE		PROGRAM SUPPORT	1,500
MOUNT DESERT HISTORICAL SOCIETY 373 SOUND DRIVE MOUNT DESERT,ME04660	NONE		PROGRAM SUPPORT	1,500
SHENANDOAH NATIONAL PARK TRUST 1750 ALLIED STREET SUITE C Charlottesville,VA22903	NONE		PROGRAM SUPPORT	5,000
PLANNED PARENTHOOD PO BOX 97166 Washington DC,WA200907166	NONE		PROGRAM SUPPORT	10,000
OHANA HC 8800 GUILFORD ROAD Columbia,MD21046	NONE		PROGRAM SUPPORT	1,000
FIRST FRUITS FARM 20431 MIDDLETOWN RD Freeland,MD21053	NONE		PROGRAM SUPPORT	1,000
THE NATURE CONSERVANCY 4245 FAIRFAX DR 100 ARLINGTON,VA22203	NONE		PROGRAM SUPPORT	5,000
BLUE RIDGE SCHOOL 273 MAYO DRIVE ST GEORGE,VA22935	NONE		PROGRAM SUPPORT	17,000
MOC BEAGLES INC PO BOX 346 MIDDEBURG,VA20118	NONE		PROGRAM SUPPORT	5,000
ACADIA WILDLIFE CENTER PO BOX 207 MT DESERT,ME04660	NONE		PROGRAM SUPPORT	551
ISLAND HOUSING TRUST PO BOX 779 WEST TISBURY,ME02575	NONE		PROGRAM SUPPORT	5,000
MDI WHEELERS PO BOX 5 BERNARD,ME04612	NONE		PROGRAM SUPPORT	1,500
BAR HARBOR FOOD PANTRY PO BOX 434 BAR HARBOR,ME04609	NONE		PROGRAM SUPPORT	500
LOUDOUN COUNTY WILDLIFE CONSERVANCY 850 DAVIS COURT SE LEESBURG,VA20175	NONE		PROGRAM SUPPORT	2,500
NATIONAL AQUARIUM 501 E PRATT ST BALTIMORE,MD21202	NONE		PROGRAMM SUPPORT	1,000
BLUE RIDGE PRISM PO BOX 119 White Hall,VA22987	NONE		PROGRAM SUPPORT	5,000
Southern Environmental Law Center 120 GARRETT ST STE 400 Charlottesville,VA22902	NONE		PROGRAM SUPPORT	10,000
UNIVERSITY OF MAINE TWO ALUMNI PLACE Orono,ME04469	NONE		PROGRAM SUPPORT	20,000
SOUTHWEST HARBOR-TREMONT AMBULANCE PO BOX 437 Southwest Harbor,ME04679	NONE		PROGRAM SUPPORT	3,000
WORLD WILDLIFE FUND 1250 24TH STREET NW WASHINGTON,DC20037	NONE		PROGRAM SUPPORT	5,000
THREE SISTERS GARDEN PROJECT PO BOX 422 IPSWICH,MA01938	NONE		PROGRAM SUPPORT	5,000
THE HARFORD FAMILY HOUSE 53 E BEL AIR AVE Aberdeen,MD21001	NONE		PROGRAM SUPPORT	1,000
BREAST CANCER RESEARCH FOUNDATION 28 WEST 44TH STREET SUITE 609 New York,NY10036	NONE		PROGRAM SUPPORT	2,000
MAKERSMITHS 106 ROYAL STREET SW Leesburg,VA20175	NONE		PROGRAM SUPPORT	1,500
WIKIMEDIA FOUNDATION INC 1 SANSOME STREET SUITE 1895 San Francisco,CA94104	NONE		PROGRAM SUPPORT	1,000
HARBOR HOUSE COMMUNITY SERVICE CENTER 329 MAIN ST Southwest Harbor,ME04679	NONE		PROGRAM SUPPORT	2,500
BETTERALIFE INC 816 PENCOAST DR Purcellville,VA20132	NONE		PROGRAM SUPPORT	5,000
FOXCROFT SCHOOL PO BOX 5555 MIDDLEBURG,VA20118	NONE		PROGRAM SUPPORT	20,000
NATIONAL TRUST FOR HISTORIC PRESERVATIO 2600 VIRGINIA AVENUE NW WASHINGTON,DC20037	NONE		PROGRAM SUPPORT	5,000
WYOMING COMMUNITY FOUNDATION 1472 N 5TH ST SUITE 201 LARAMIE,WY82072	NONE		PROGRAM SUPPORT	20,000
SOMESVILLE VILLAGE IMPROVEMENT SOCIETY PO BOX 53 MOUNT DESERT,ME04660	NONE		PROGRAM SUPPORT	1,500
THE NEIGHBORHOOD HOUSE 1 KIMBALL ROAD NORTHEAST HARBOR,ME04662	NONE		PROGRAM SUPPORT	1,500
SHELDRICK WILDLIFE TRUST USA 25283 CABOT ROAD SUITE 101 LAGUNA HILLS,CA92653	NONE		PROGRAM SUPPORT	5,000
Total ................................. 3a				265,102

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	104,616
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	657,672
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aPARTNERSHIP INCOME	900099	-15,790	1	-12,359
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		-15,790		749,929

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

734,139

(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 Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCK	662,676	1,686,700
FOREIGN STOCK	105,208	238,438
EQUITY FUNDS	2,164,993	2,555,438

Category	Amount	Net Investment Income
FOREIGN TAXES	833	833
FEDERAL EXCISE TAX	9,169	0
QUARTERLY TAX DEPOSIT	6,248	0
FOREIGN TAXES ON QUALIFIED FOR	808	808
FOREIGN TAXES ON NONQUALIFIED	427	427