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
PUTCHIE FOUNDATION
C/O INTENTIONAL PHILANTHROPY LLC
Number and street (or P.O. box number if mail is not delivered to street address) 4801 HAMPDEN LANE 106
  Room/suite
City or town
BETHESDA
State or province
MD
Country  
ZIP or foreign postal code
20814
A Employer identification number

84-3229178
B Telephone number (see instructions)

3017614433
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$21,384,045J Accounting method:
MODIFIED CASH
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 9,968,802
2 Check .................
3 Interest on savings and temporary cash investments 42,307 42,307  
4 Dividends and interest from securities... 291,466 291,466  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 10,698,410
b Gross sales price for all assets on line 6a 14,968,478
7 Capital gain net income (from Part IV, line 2)... 10,698,410
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 21,000,985 11,032,183  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
161,069 125,069   36,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
153,876 13,876   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
22,235 14,104   8,131
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 337,180 153,049   44,131
25 Contributions, gifts, grants paid....... 1,160,000 1,160,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 1,497,180 153,049   1,204,131
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 19,503,805
b Net investment income (if negative, enter -0-) 10,879,134
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 779,546 1,305,381 1,305,381
3 Accounts receivable  
Less: allowance for doubtful accounts        
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        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 425,310 Click to see attachment
List of Attached Documents:
// Content
598,390 		598,390
b Investments—corporate stock (attach schedule)....... 6,649,720 Click to see attachment
List of Attached Documents:
// Content
13,874,536 		13,874,536
c Investments—corporate bonds (attach schedule)....... 2,568,548 Click to see attachment
List of Attached Documents:
// Content
5,195,532 		5,195,532
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 209,532 Click to see attachment
List of Attached Documents:
// Content
410,206 		410,206
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) 10,632,656 21,384,045 21,384,045
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 10,632,656 21,384,045
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........    
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)..... 10,632,656 21,384,045
30 Total liabilities and net assets/fund balances (see instructions). 10,632,656 21,384,045
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
10,632,656
2
Enter amount from Part I, line 27a .....................
2
19,503,805
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
30,136,461
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
8,752,416
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
21,384,045
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a SALE OF PUBLICLY TRADED SECURITIES D 1966-07-10 2025-09-02
b SALE OF PUBLICLY TRADED SECURITIES P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 10,376,298   527 10,375,771
b 4,592,180   4,269,541 322,639
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       10,375,771
b       322,639
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 10,698,410
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ......................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 151,220
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........................... 3 151,220
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- ..... 5 151,220
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 163,244
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 163,244
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 12,024
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax12,024 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
DE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressN/A
14
The books are in care ofINTENTIONAL PHILANTHROPY LLC Telephone no. (301) 761-4433

Located at4801 HAMPDEN LANE SUITE 106BETHESDAMD ZIP+420814
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
SARAH K BENSON DIRECTOR, PRESIDENT & SECRETARY
1.00 		0 0 0
4801 HAMPDEN LANE SUITE 106
BETHESDA,MD20814
NICK WUSZ DIRECTOR
1.00 		0 0 0
4801 HAMPDEN LANE SUITE 106
BETHESDA,MD20814
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
FIDELITY INVESTMENTS INVESTMENT MANAGEMENT 125,069
PO BOX 770001
CINCINNATI,OH452770003
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
13,861,892
b
Average of monthly cash balances.......................
1b
975,143
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
14,837,035
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
14,837,035
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
222,556
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
14,614,479
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
730,724
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
730,724
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
151,220
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
151,220
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
579,504
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
579,504
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
579,504
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
1,204,131
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,204,131
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 579,504
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 119,233
b From 2021...... 9,042
c From 2022...... 110,302
d From 2023...... 142,524
e From 2024...... 109,829
f Total of lines 3a through e ........ 490,930
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,204,131
a Applied to 2024, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 579,504
e Remaining amount distributed out of corpus 624,627
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 1,115,557
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		119,233
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		996,324
10 Analysis of line 9:
a Excess from 2021 .... 9,042
b Excess from 2022 .... 110,302
c Excess from 2023 .... 142,524
d Excess from 2024 .... 109,829
e Excess from 2025 .... 624,627
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
SARAH K BENSON
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)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

DOUGY CENTER INC

PO BOX 86852
PORTLAND,OR97286 		N/A   GENERAL OPERATING SUPPORT 30,000

FRIENDS OF THE CHILDREN PORTLAND

44 NE MORRIS
PORTLAND,OR97212 		N/A   GENERAL OPERATING SUPPORT 250,000

GREATER THAN

2916 NW ALBERTA ST SUITE D
PORTLAND,OR97211 		N/A   GENERAL OPERATING SUPPORT 300,000

KAIROSPDX

PO BOX 12190
PORTLAND,OR97212 		N/A   GENERAL OPERATING SUPPORT 300,000

KINSHIP HOUSE

1823 NE 8TH AVE
PORTLAND,OR97212 		N/A   GENERAL OPERATING SUPPORT 250,000

TRAUMA INTERVENTION PROGRAM NW

4800 NW 122ND AVE
PORTLAND,OR97230 		N/A   GENERAL OPERATING SUPPORT 30,000
Total ................................. 3a 1,160,000
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 42,307  
4 Dividends and interest from securities ....     14 291,466  
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 10,698,410  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 11,032,183 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
11,032,183
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
PUTCHIE FOUNDATION
C/O INTENTIONAL PHILANTHROPY LLC
Employer identification number

84-3229178
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025) Page 2
Name of organization
PUTCHIE FOUNDATION
C/O INTENTIONAL PHILANTHROPY LLC 		Employer identification number
84-3229178
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
SARAH K BENSON
 
4801 HAMPDEN LANE SUITE 106
 
BETHESDA, MD20814

$ 9,968,802


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
PUTCHIE FOUNDATION
C/O INTENTIONAL PHILANTHROPY LLC 		Employer identification number

84-3229178
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 PUBLICLY TRADED SECURITIES $ 9,968,802 2025-08-25
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
PUTCHIE FOUNDATION
C/O INTENTIONAL PHILANTHROPY LLC 		Employer identification number

84-3229178
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2025 InvestmentsCorpBondsSchedule
Name:
PUTCHIE FOUNDATION
 
C/O INTENTIONAL PHILANTHROPY LLC
EIN:
84-3229178
Name of Bond End of Year Book Value End of Year Fair Market Value
AMGEN INC NOTE 2.20000% 02/21/2027 149,112 149,112
BRISTOL-MYERS SQUIBB CO NOTE 4.90000% 02/22/2029 142,900 142,900
BANK NEW YORK MELLON CORP MTN 5.80200% 10/25/2028 142,622 142,622
DISNEY WALT CO NOTE 2.65000% 01/13/2031 146,855 146,855
EUROPEAN INVT BK NOTE 4.12500% 02/13/2034 491,469 491,469
EUROPEAN INVT BK NOTE 3.87500% 03/15/2028 182,224 182,224
INTER-AMERICAN DEVELOPMENT BANK 3.12500% 09/18/2028 352,830 352,830
HUNTINGTON BANCSHARES INC NOTE 6.20800% 08/21/2029 145,783 145,783
INTER-AMERICAN DEV BK SER 844 MTN 3.50000% 09/14/2029 149,237 149,237
INTER-AMERICAN DEV BK NOTE 4.50000% 09/13/2033 466,205 466,205
INTER-AMERICAN DEV BK SER 956 NOTE 4.50000% 02/15/2030 154,491 154,491
INTERNATIONAL BK FOR RECON&DEV NOTE 0.75000% 08/26/2030 153,476 153,476
INTERNATIONAL BK FOR RECON&DEV SER 100964 1.75000% 10/23/2029 326,284 326,284
INTERNATIONAL BK FOR RECON&DEV SER 100225 2.50000% 11/22/2027 276,696 276,696
INTERNATIONAL BK FOR RECON&DEV NOTE 1.25000% 02/10/2031 247,142 247,142
INTERNATIONAL BK FOR RECON&DEV NOTE 3.12500% 06/15/2027 148,084 148,084
INTERNATIONAL BK FOR RECON&DEV SER 101426 1.62500% 11/03/2031 346,269 346,269
NEXTERA ENERGY CAP HLDGS INC BOND 5.25000% 03/15/2034 146,659 146,659
ORACLE CORP NOTE 2.30000% 03/25/2028 144,947 144,947
PNC FINL SVCS GROUP INC NOTE 5.35400% 12/02/2028 144,563 144,563
STATE STR CORP NOTE 4.53600% 02/28/2028 145,194 145,194
TARGET CORP NOTE 5.00000% 04/15/2035 148,929 148,929
VERIZON COMMUNICATIONS INC 4.01600% 12/03/2029 150,842 150,842
TRUIST FINL CORP SER G MTN 4.87300% 01/26/2029 147,307 147,307
WASTE MGMT INC DEL NOTE 4.95000% 07/03/2027 145,412 145,412

TY 2025 InvestmentsCorpStockSchedule
Name:
PUTCHIE FOUNDATION
 
C/O INTENTIONAL PHILANTHROPY LLC
EIN:
84-3229178
Name of Stock End of Year Book Value End of Year Fair Market Value
AIA GROUP ADR 39,102 39,102
API GROUP CORP COM STK 36,691 36,691
ABB LTD SPON ADR EACH REP 1 ORD SHS 66,647 66,647
AT&T INC COM USD1 45,383 45,383
ASE TECHNOLOGY HOLDING CO LTD SPON ADS EACH REP 2 ORD SHS 60,987 60,987
ASX LTD UNSP ADR EACH REPR 1 ORD 26,356 26,356
AUO CORPORATION SPON ADS EACH REP 10 ORD SHS TWD10 27,820 27,820
ADOBE INC COM 41,649 41,649
ABBOTT LABORATORIES 48,988 48,988
AENA SME SA UNSPONSORED ADR 32,999 32,999
AEON ADR 22,273 22,273
ADVANTEST CORP SPON ADR EACH REP 1 ORD SHS 37,392 37,392
ALIBABA GROUP HOLDING LTD SPON ADS EACH REP 8 ORD SHS 80,619 80,619
ADVANCED MICRO DEVICES INC 58,894 58,894
ALLIANZ SE UNSPON ADS EACH REP 1/10 ORD SHARES 64,216 64,216
ALPHABET INC CAP STK CL A 389,685 389,685
AMADEUS IT GROUP S A UNSPONSORED ADS 23,731 23,731
AMAZON.COM INC 176,346 176,346
AMERICAN EXPRESS CO COM USD0.20 57,712 57,712
AMERICAN WATER WORKS COMPANY INC COM USD0.01 43,456 43,456
ANHEUSER-BUSCH INBEV SA/NV ADR EAH REP 1 ORD NPV 47,454 47,454
AMERIPRISE FINANCIAL INC COM USD0.01 26,969 26,969
ELEVANCE HEALTH INC COM 43,118 43,118
APOLLO GLOBAL MGMT INC COM 44,007 44,007
APPLE INC 325,145 325,145
APPLIED MATERIALS INC COM USD0.01 71,957 71,957
ARISTA NETWORKS INC COM SHS 62,632 62,632
ASSOCIATED BANC-CORP 36,219 36,219
ASSA ABLOY UNSP ADR EA REPR 0.50 ORD SHS 30,799 30,799
AUTOMATIC DATA PROCESSING INC COM 51,446 51,446
ATLAS COPCO AB SP ADR A NEW 37,969 37,969
AVIENT CORPORATION COM 28,210 28,210
BNP PARIBAS ADR 32,185 32,185
AVIVA UNSPON ADR EACH REP 2 ORD SHS (PST SPLT) 47,725 47,725
AXA SA SPON ADR EACH REP 1 ORD SHS 29,322 29,322
BAIDU INC SPON ADS EACH REP 8 ORD SHS 52,917 52,917
BANK FIRST CORP COM 32,770 32,770
BANCO BILBAO VIZCAYA ARGENTAR ADS EACH REPR 1 ORD EUR0.49 52,541 52,541
BANK HAPOALIM BM SPONSORED ADR 52,510 52,510
BANK OF CHINA LTD ADR 30,145 30,145
BANK OF NEW YORK MELLON CORP COM USD0.01 47,945 47,945
BAYERISCHE MOTOREN WERKE AG UNSP ADR EACH REP 0.33 ORD SHS 48,362 48,362
BIOGEN INC COM USD0.0005 74,268 74,268
BECTON DICKINSON &CO COM USD1.00 31,633 31,633
BOOKING HOLDINGS INC COM 32,132 32,132
BLACKSTONE INC 36,377 36,377
BLUESCOPE STEEL LTD UNSP ADR EACH REP 5 ORD SHS 35,874 35,874
BRIDGESTONE CORP ADR EACH CNV 0.5 ORD NPV 46,389 46,389
BOSTON SCIENTIFIC CORP 46,054 46,054
BRAMBLES LTD SPON ADR EACH REP 2 ORD SHS 36,477 36,477
CBIZ INC 29,967 29,967
BROADCOM INC COM 88,602 88,602
BRISTOL-MYERS SQUIBB CO COM 39,700 39,700
CADENCE BANK COM 40,784 40,784
CME GROUP INC COM 50,520 50,520
CBRE GROUP INC COM USD0.01 CLASS A 30,550 30,550
CATERPILLAR INC COM 94,524 94,524
CAPITAL ONE FINANCIAL CORP COM USD0.01 62,771 62,771
CAIXABANK SA UNSP ADR EA REPR 1/3 ORD EUR0.00 41,355 41,355
CISCO SYSTEMS INC 67,786 67,786
CHUNGHWA TELECOM ADR EA REPR 10 ORD TWD10 30,532 30,532
CINTAS CORP 37,614 37,614
CLEAN HARBORS INC 36,813 36,813
CLOUDFLARE INC CL A COM 42,782 42,782
CITIZENS FINL GROUP INC COM 40,829 40,829
COMMERZBANK AG SPONSORED ADR NE 29,313 29,313
COLGATE-PALMOLIVE CO COM 32,398 32,398
COMCAST CORP 26,303 26,303
CONSOLIDATED EDISON INC COM USD0.10 53,633 53,633
COMPAGNIE DE ST-GOBAIN UNSP ADR EACH REPR 0.2 ORD 24,293 24,293
COMMONWEALTH BANK OF AUSTRALIA SPON ADR EACH REPR 1 ORD 66,888 66,888
CONSTELLATION BRANDS INC COM USD0.01 CLASS A 28,696 28,696
CORNING INC 53,324 53,324
DNB BANK ASA SPON ADR EACH REP 1 ORD SHS 39,519 39,519
DBS GROUP HLDGS LTD SPONS ADR EACH REP 4 ORD SHS 58,478 58,478
DR HORTON INC COM STK USD0.01 35,431 35,431
DANAHER CORPORATION COM 51,965 51,965
DANSKE BANK A/S SPON ADR EACH REP 0.5 ORD SHS 38,131 38,131
MERCEDES-BENZ GROUP AG UNSP ADR EACH REP 0.25 ORD SHS 46,544 46,544
DEERE & CO 32,590 32,590
DEUTSCHE TELEKOM ADR 37,311 37,311
DEUTSCHE BOERSE AG UNSPONSORD ADR 39,593 39,593
DISNEY WALT CO COM 46,304 46,304
DIAGEO ADR REP 4 ORD 26,571 26,571
DOORDASH INC CL A 31,028 31,028
DOVER CORP COM USD1.00 35,924 35,924
DSV A S UNSPONSORED ADR 39,418 39,418
ECOLAB INC 30,715 30,715
ECHOSTAR CORPORATION COM USD0.001 CLASS A 31,197 31,197
EBAY INC. COM 29,614 29,614
ENPRO INC COM 32,334 32,334
EMCOR GROUP INC COM STK USD0.01 35,484 35,484
EMERSON ELECTRIC CO 37,825 37,825
ESSILOR LUXOTTICA UNSPONSORED ADR 37,546 37,546
ESCO TECHNOLOGIES INC 55,491 55,491
EXELON CORP COM NPV 36,616 36,616
EVERSOURCE ENERGY 39,725 39,725
EVOLUTION PETE CORP COM 22,401 22,401
FANUC CORPORATION UNSP ADR EACH REP 0.50 ORD NPV 37,850 37,850
FAST RETAILING CO LTD UNSPONSORD ADR 37,648 37,648
FASTENAL COM STK USD0.01 23,837 23,837
FEDERAL SIGNAL CORP 32,034 32,034
FISERV INC COM STK USD0.01 20,890 20,890
H.B. FULLER COMPANY 32,644 32,644
ARTHUR J. GALLAGHER & CO. ISIN #US3635761097 SEDOL #BD1QWJ0 27,949 27,949
GARTNER INC COM USD0.0005 39,356 39,356
GE VERNOVA INC COM 38,561 38,561
GIVAUDAN SA ADR EACH 50 REPR 1 ORD 31,624 31,624
GENERAL MILLS INC COM USD0.10 33,061 33,061
GERDAU SA SPON ADR REP PFD 38,029 38,029
GLACIER BANCORP INC 29,734 29,734
GOLDMAN SACHS GROUP INC COM USD0.01 81,747 81,747
GSK PLC SPON ADS EACH REP 2 ORD SHS 51,639 51,639
HSBC HLDGS PLC SPON ADR NEW 74,973 74,973
AMERICAN HEALTHCARE REIT INC COM SHS 37,742 37,742
GRUPO CIBEST SA SPON ADS EACH REP 4 PRF SHS 55,532 55,532
HALLIBURTON CO COM USD2.50 73,702 73,702
HERMES INTERNATIONAL SA ADR 29,264 29,264
HITACHI ADR EACH REPR 2 ORD NPV 49,046 49,046
HOME DEPOT INC 43,701 43,701
HONG KONG EXCHANGES & CLEARING UNSP ADR EACH REPR 1 ORD 31,897 31,897
HONDA MOTOR CO ADR-EACH CNV INTO 3 ORD 28,242 28,242
HUBBELL INC COM 35,085 35,085
HUNTINGTON BANCSHARES INC COM USD0.01 29,426 29,426
ICICI BANK LIMITED SPON ADR EACH REPR 2 ORD SHS 74,083 74,083
ILLINOIS TOOL WORKS INC COM 38,669 38,669
INDITEX (IND.DE DISENO TEXTIL SA) UNSP ADR EACH REP 0.50 ORD 40,672 40,672
IDEXX LABORATORIES INC COM USD0.10 38,562 38,562
INFORMA PLC SPON ADR EACH REPR 2 ORD GBP4.35 36,617 36,617
INTEL CORP COM USD0.001 40,073 40,073
INFOSYS LTD SPON ADR EACH REP 1 ORD SHS 57,202 57,202
INTESA SANPAOLO S.P.A. SPON ADR EACH REP 6 ORD SHS 52,429 52,429
INTUITIVE SURGICAL INC 37,380 37,380
INTERNATIONAL BUS MACH CORP COM USD0.20 56,280 56,280
IQVIA HLDGS INC COM 48,463 48,463
KB FINL GROUP INC SPONSORED ADR 36,223 36,223
DAKOTA GOLD CORP COM 33,966 33,966
KLA CORP COM NEW 61,969 61,969
KAISER ALUMINUM CORP 46,633 46,633
KEURIG DR PEPPER INC COM 31,203 31,203
KOSMOS ENERGY LTD COM 17,790 17,790
KUEHNE &NAGEL INTL AG UNSPONSORD ADR 31,853 31,853
LG DISPLAY ADR REP 1/2 ORD 43,418 43,418
L OREAL UNSPON ADR EACH REP 0.2 ORD SHS 43,853 43,853
LAM RESEARCH CORP COM NEW 72,923 72,923
LVMH MOET HENNESSY LOUIS VUITTON ADR 50,672 50,672
LENNAR CORP COM USD0.10 CLASS B 21,402 21,402
LARIMAR THERAPEUTICS INC COM 17,301 17,301
LEGRAND SA UNSPON ADR EACH REPR 0.20 ORD 28,434 28,434
LOEWS CORP COM USD0.01 40,650 40,650
LLOYDS BANKING GROUP ADR 4 ORD 39,596 39,596
ELI LILLY &CO COM 146,156 146,156
LOWES COMPANIES INC COM USD0.50 37,862 37,862
LONDON STOCK EXCHANGE GROUP SPON ADS EACH REP 0.25 ORD 40,719 40,719
LONZA GROUP AG UNSPONSORED ADR 35,544 35,544
MATERION CORP 32,075 32,075
MASTERCARD INCORPORATED CL A 94,766 94,766
LULULEMON ATHLETICA INC COM USD0.005 23,690 23,690
MEITUAN UNSPON ADS EACH REP 2 ORD SHS CL B 37,685 37,685
MERCK &CO. INC COM 94,313 94,313
MERITAGE HOMES CORP 25,991 25,991
MICROSOFT CORP 276,631 276,631
STRATEGY INC COMMON STOCK CLASS A 11,852 11,852
MICRON TECHNOLOGY INC 76,204 76,204
MOODYS CORP COM USD0.01 31,673 31,673
MITSUBISHI ESTATE ADR 33,095 33,095
MONDELEZ INTL INC COM NPV 31,275 31,275
MORGAN STANLEY COM USD0.01 59,650 59,650
MURATA MANUFACTURING CO UNSP ADR EACH REP 0.5 ORD 40,726 40,726
MUENCHENER RE GROUP ADR 42,406 42,406
NVR INC COM USD0.01 36,464 36,464
NASDAQ INC COM STK 34,967 34,967
NOV INC COM 50,360 50,360
NINTENDO CO LTD UNSP ADS EACH REP 0.25 ORD SHS 31,950 31,950
NOMURA HOLDINGS ADR REPTG ONE ORD 39,567 39,567
NETFLIX INC 66,570 66,570
NORTHERN TRUST CORP COM USD1.666 35,650 35,650
NOVONESIS (NOVOZYMES) B AMERICAN DEPOSITARY RECEIPTS - UNSPONSORED (DENMARK) 36,581 36,581
NORTHWEST NAT HLDG CO COM 36,551 36,551
OMNICOM GROUP INC COM USD0.15 31,008 31,008
OLD NATIONAL BANCORP 32,751 32,751
NVIDIA CORPORATION COM 348,195 348,195
OVERSEA-CHINESE BANKING CORP UNSP ADR EACH REP 2 ORD 45,899 45,899
ORKLA ASA SPON ADR EACH REP 1 COM SHS CL A 38,103 38,103
ORACLE CORP 30,991 30,991
PTC INC 34,494 34,494
PPG INDUSTRIES INC COM USD1.666 28,894 28,894
PNC FINANCIAL SERVICES GROUP COM USD5 36,945 36,945
PAYCHEX INC COM USD0.01 35,673 35,673
PARK AEROSPACE CORP COM 39,671 39,671
PACCAR INC COM USD1.00 40,738 40,738
PFIZER INC 51,468 51,468
PING AN INSURANCE GROUP COMPANY ADR 64,100 64,100
PROSUS N.V. SPON ADR EACH REP 0.20 ORD SHS 36,993 36,993
QBE INSURANCE GROUP ADR 34,488 34,488
QUANTA SERVICES COM USD0.00001 37,563 37,563
QUALCOMM INC 59,183 59,183
RECRUIT HOLDINGS CO LTD UNSPON ADR EACH REPR 0.2 ORD SHS 32,737 32,737
RECKITT BENCKISER GROUP PLC SPON ADR EACH REP 0.20 ORD SHS 35,619 35,619
RALLIANT CORP COM 51 51
REGENERON PHARMACEUTICALS INC 81,818 81,818
RELX PLC SPON ADS EACH REPR 1 ORD SHS GBP0.144 34,397 34,397
RELIANCE INC COM NPV 28,887 28,887
S&P GLOBAL INC COM 48,078 48,078
ROCKWELL AUTOMATION INC COM USD1 34,627 34,627
H2O AMERICA COMMON STOCK 28,806 28,806
SNAM SPA UNSP ADR EA REPR 2 ORD SHS 39,588 39,588
SALESFORCE INC COM 58,015 58,015
SANMINA CORP 54,625 54,625
SAP ADR REP 1 ORD 64,371 64,371
SANOFI ADR REP 1 1/2 ORD 47,297 47,297
SCHNEIDER ELECTRIC SE UNSPONSORD ADR 46,584 46,584
SEEK LTD UNSPONSORD ADR 18,128 18,128
SCHWAB CHARLES CORP COM 41,263 41,263
SEMPRA COM 62,862 62,862
SERVICENOW INC COM USD0.001 29,872 29,872
SEVERN TRENT ADR 40,293 40,293
SHERWIN-WILLIAMS CO 29,163 29,163
SHIN ETSU CHEMICAL CO LTD ADR 28,830 28,830
SIKA AG UNSP ADR EACH REP 0.10 ORD SHS 37,366 37,366
SOFTBANK GROUP CORP UNSP ADR EACH REPR 0.50 ORD 38,159 38,159
SMUCKER J M CO COM NEW 31,984 31,984
SONIC HEALTHCARE SPON ADR EACH REP 1 ORD SHS 35,515 35,515
SONY GROUP CORPORATION SPON ADS EACH REPR 1 ORD SHS 46,848 46,848
STANDARD BANK GROUP LTD SPONSORED ADR 42,154 42,154
SONY FINANCIAL GROUP INC UNSPON ADS EACH REP 5 ORD 1,914 1,914
SUMITOMO MITSUI FINANCIAL GROUP INC ADR EACH REPR 3/5 ORD NPV 51,727 51,727
SUMITOMO ELECTRIC INDS ADR 46,979 46,979
STRYKER CORPORATION COM 30,226 30,226
SWISS LIFE HLDG ADR 56,617 56,617
SWISS RE AG SPON ADR EACH REPR 0.25 ORD SHS 38,451 38,451
SUMITOMO METAL MINING CO UNSP ADR EACH REP 0.25 ORD SHS 74,254 74,254
SYSCO CORP 28,518 28,518
TDK ORD 32,063 32,063
TJX COMPANIES INC 88,940 88,940
T-MOBILE US INC COM 30,862 30,862
TAKEDA PHARMACEUTICAL CO LTD SPON ADS EACH REP 0.5 ORD SHS 46,910 46,910
TAIWAN SEMICONDUCTOR MANUFACTURING SPON ADS EACH REP 5 ORD TWD10 177,776 177,776
TEJON RANCH CO 31,130 31,130
TAYLOR MORRISON HOME CORP COM 27,728 27,728
TALOS ENERGY INC COM 69,228 69,228
TELSTRA GROUP LIMITED SPON ADR EACH REP 5 COM 39,536 39,536
TELEFONICA BRASIL S.A. AMERICAN DEPOSITARY SHARES (EACH REPRESENTING TWO (2) 45,863 45,863
TENCENT HOLDINGS LIMITED UNSPON ADR 125,848 125,848
THERMO FISHER SCIENTIFIC INC 69,534 69,534
TEXAS INSTRUMENTS INC COM USD1.00 37,127 37,127
TESCO SPON ADR ECH REP 3 ORD (POST REV SPLIT) 37,707 37,707
TRACTOR SUPPLY CO 25,455 25,455
3I GROUP UNSP ADR EACH REPR 0.5 ORD 22,107 22,107
TOKIO MARINE HLDGS INC ADR 32,062 32,062
TRIP COM GROUP LTD SPON ADS EACH REP 1 ORD SHS 31,712 31,712
TRIMAS CORP COM NEW 31,799 31,799
TRAVEL PLUS LEISURE CO COM 40,202 40,202
UBER TECHNOLOGIES INC COM 25,167 25,167
UMB FINANCIAL CORP 31,406 31,406
UNICREDIT SPA UNSPON ADR EACH REP 0.5 ORD SHS 53,828 53,828
UNITED OVERSEAS BK LTD SPONSORED ADR 33,426 33,426
UNITED MICR ELCTRNS ADR REP 5 ORD 37,500 37,500
UNITED UTILITIES GROUP ADR 36,331 36,331
VAALCO ENERGY INC ISIN #US91851C2017 SEDOL #BP6DQ87 39,534 39,534
V2X INC COM 27,057 27,057
UNITEDHEALTH GROUP INC 82,858 82,858
VERISIGN INC 29,397 29,397
VERIZON COMMUNICATIONS INC 34,091 34,091
VISA INC 109,422 109,422
WAL-MART DE MEXICO S A DE C V SPON ADR REP V 39,773 39,773
WABTEC COM 33,725 33,725
WIPRO LTD SPON ADR REP 1 ORD SHS INR2 49,311 49,311
WILLIAMS-SONOMA INC 27,860 27,860
WEST PHARMACEUTICAL SERVICES INC 35,218 35,218
WOORI FINANCIAL GROUP INC SPON ADS EACH REP 3 ORD SHS 57,261 57,261
XYLEM INC COM USD0.01 37,041 37,041
WORLD KINECT CORPORATION COM 33,458 33,458
ZOETIS INC 25,164 25,164
ZURICH INSURANCE GROUP AG SPON ADR EACH REP 0.1 ORD SHS 59,973 59,973
ACCENTURE PLC 61,709 61,709
MEDTRONIC PLC 30,739 30,739
JOHNSON CONTROLS INTERNATIONAL PLC COM USD1.00 38,320 38,320
CALEDONIA MINING CORP PLC ORD NPV(DI) ISIN #JE00BF0XVB15 SEDOL #BF0XVD3 31,980 31,980
NVENT ELECTRIC PLC COM USD0.01 45,377 45,377
TEEKAY CORPORATION (BM) COM STK USD0.001 39,434 39,434
NORDIC AMERICAN TANKERS LIMITE COM 38,081 38,081
TEEKAY TANKERS LTD (BM) USD1 A 37,875 37,875
GARMIN LTD COM CHF10.00 36,107 36,107
TRANE TECHNOLOGIES PLC COM USD1 36,974 36,974
ASML HOLDING NV EUR0.09 NY REGISTRY SHS 2012 75,960 75,960
NEBIUS GROUP N V COM USD0.01 CL A 40,011 40,011
SPOTIFY TECHNOLOGY S.A. COM EUR0.000625 39,488 39,488
ONESPAWORLD HOLDINGS LIMITED COM USD0.0001 35,424 35,424
BC LATINOAMERICANO COM EX SA BLADEX CLASS E COM NPV 138,037 138,037
ARDMORE SHIPPING CORP COM USD0.01 18,119 18,119

TY 2025 InvestmentsGovtObligationsSch
Name:
PUTCHIE FOUNDATION
 
C/O INTENTIONAL PHILANTHROPY LLC
EIN:
84-3229178
US Government Securities - End of Year Book Value:

325,355
US Government Securities - End of Year Fair Market Value:

325,355
State & Local Government Securities - End of Year Book Value:


273,035
State & Local Government Securities - End of Year Fair Market Value:


273,035


TY 2025 InvestmentsOtherSchedule2
Name:
PUTCHIE FOUNDATION
 
C/O INTENTIONAL PHILANTHROPY LLC
EIN:
84-3229178
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AMERICAN TOWER CORP NEW COM FMV 32,481 32,481
CROWN CASTLE INC COM FMV 28,705 28,705
DYNEX CAP INC COM FMV 43,963 43,963
EQUINIX INC COM FMV 29,114 29,114
EXTRA SPACE STORAGE INC FMV 31,383 31,383
PLYMOUTH INDL REIT INC COM FMV 67,084 67,084
PUBLIC STORAGE OPER CO COM FMV 32,957 32,957
PROLOGIS INC. COM FMV 45,319 45,319
SIMON PROPERTY GROUP INC FMV 37,392 37,392
WELLTOWER INC COM FMV 61,808 61,808

TY 2025 OtherDecreasesSchedule
Name:
PUTCHIE FOUNDATION
 
C/O INTENTIONAL PHILANTHROPY LLC
EIN:
84-3229178
Description Amount
UNREALIZED LOSS ON INVESTMENTS 8,752,416


TY 2025 OtherExpensesSchedule
Name:
PUTCHIE FOUNDATION
 
C/O INTENTIONAL PHILANTHROPY LLC
EIN:
84-3229178
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR FEES 6,413 0   6,413
INSURANCE 750 0   750
MEMBERSHIP DUES 850 0   850
BOND AMORTIZATION 14,104 14,104   0
OFFICE SUPPLIES AND SOFTWARE 118 0   118


TY 2025 OtherProfessionalFeesSchedule
Name:
PUTCHIE FOUNDATION
 
C/O INTENTIONAL PHILANTHROPY LLC
EIN:
84-3229178
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 125,069 125,069   0
FOUNDATION MANAGEMENT FEES 36,000 0   36,000


TY 2025 SubstantialContributorsSch
Name:
PUTCHIE FOUNDATION
 
C/O INTENTIONAL PHILANTHROPY LLC
EIN:
84-3229178
Name Address
SARAH K BENSON 4801 HAMPDEN LANE SUITE 106
BETHESDA,MD20814


TY 2025 TaxesSchedule
Name:
PUTCHIE FOUNDATION
 
C/O INTENTIONAL PHILANTHROPY LLC
EIN:
84-3229178
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 140,000 0   0
FOREIGN WITHHOLDING TAX 13,876 13,876   0