TY 2025 Form 990PF

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.........	3,476,042	111,600	111,600
	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)
	b	Investments—corporate stock (attach schedule).......	364,387	List of Attached Documents: // Content 364,387	8,542,256
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	3,122,312	List of Attached Documents: // Content 6,348,090	7,598,702
	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)	6,962,741	6,824,077	16,252,558
	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
		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........	2,695,936	2,695,936
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	4,266,805	4,128,141
	29	Total net assets or fund balances (see instructions).....	6,962,741	6,824,077
	30	Total liabilities and net assets/fund balances (see instructions).	6,962,741	6,824,077

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	435,577
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

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	9,606
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	9,606
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	9,606
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	12,000
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	12,000
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	2,394
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax2,394	Refunded	11	0
	For Refunded amount, also complete and attach Form 8050. 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
HENRY B DU PONT IV	TRUSTEE 1.00	0	0	0
PO BOX 3568 GREENVILLE,DE19807

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
1103 MARKET STREET FOUNDATION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
ADVENTURE CYCLING ASSOCIATION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
ALL 4 PAWS RESCUE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
BIGGS MUSEUM OF AMERICAN ART (SEWELL C BIGGS TRUST) C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
BOYS & GIRLS CLUB OF DELAWARE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
BRANDYWINE CONSERVANCY & MUSEUM OF ART C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
BRANDYWINE RED CLAY ALLIANCE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	2,500
BRIDGEPORT HOSPITAL FOUNDATION INC C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
CAMP WASHINGTON (PROTESTANT EPISCOPAL DIOCESE OF CT) C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
CANINE PARTNERS FOR LIFE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
CARDIGAN MOUNTAIN SCHOOL C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	37,000
CHESAPEAKE BAY FOUNDATION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
CHILD INC C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
CHILDREN'S BEACH HOUSE INC C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
CHRIST CHURCH CHRISTIANA HUNDRED C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	18,000
CHRIST CHURCH EPISCOPAL PRESCHOOL C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
CHRISTIANA CARE HEALTH SYSTEM C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
COAST GUARD FOUNDATION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
CORINTHIAN HISTORICAL FOUNDATION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE BOTANIC GARDENS C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE CENTER FOR HORTICULTURE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE FUTURES INC C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE HISTORICAL SOCIETY C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE HOSPICE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE INSTITUTE FOR THE ARTS OF EDUCATION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE INTERSCHOLASTIC CYCLING LEAGUE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE MUSEUM OF NATURE AND SCIENCE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
DELAWARE NATURE SOCIETY C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
DELAWARE SYMPHONY ASSOCIATION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE TECHNICAL COMMUNITY COLLEGE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE THEATRE COMPANY C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DELAWARE WILD LANDS INC C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
DIVERS ALERT NETWORK (DAN FOUNDATION INC) C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	2,000
DUCKS UNLIMITED C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
EMBRACING TRUTH MINISTRIES C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
FAITHFUL FRIENDS ANIMAL SOCIETY C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
FLORIDA COALITION FOR PRESERVATION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
FOOD BANK OF DELAWARE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
FRIENDS OF AUBURN HEIGHTS INC C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
FRIENDSHIP HOUSE INC C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
GULF STREAM SCHOOL C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	12,000
HAGLEY MUSEUM C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	343,000
HISTORIC RED CLAY (WILMINGTON WESTERN RAILROAD) C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	82,000
HUMANE ANIMAL PARTNERS INC C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
INDEPENDENCE SCHOOL INC (THE) C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	12,000
INTERNATIONAL MOUNTAIN BICYCLING ASSOCIATION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
LEWES JUNCTION RAILROAD & BRIDGE ASSOCIATION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	20,000
LONGWOOD GARDENS C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	25,000
MAYO CLINIC C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
MEALS ON WHEELS DELAWARE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
MINISTRY OF CARING INC C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
MUSEUM OF THE AMERICAN REVOLUTION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
MYSTIC SEAPORT MUSEUM INC C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
NANTUCKET CONSERVATION FOUNDATION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
NATURAL LANDS TRUST INC C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
NATURE CONSERVANCY OF DELAWARE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
NEMOURS CHILDREN'S HOSPITAL C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
NEW YORK YACHT CLUB FOUNDATION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
OWL'S NEST FUND (THE) C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
OYEBOG TENNIS ACADEMY (OTA) C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
PARTNERS FOR WORLD HEALTH C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
PEQUOT YACHT CLUB FOUNDATION INC (THE) C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
PILOT SCHOOL (THE) C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
PROJECT NEW START C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
REACH RIVERSIDE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	10,000
RONALD MCDONALD HOUSE OF DELAWARE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
SALVATION ARMY DELAWARE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
SEA TURTLE ADVENTURES INC C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
SEAMAN'S CENTER OF WILMINGTON INC C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
SERVIAM GIRLS ACADEMY INC C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	5,000
SPECIAL OLYMPICS DELAWARE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
SPORTSMEN'S ALLIANCE FOUNDATION (UNITED STATES) C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
ST MICHAEL'S SCHOOL C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	25,000
STROUD WATER RESEARCH CENTER C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
SUNDAY BREAKFAST MISSION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
THE SURFRIDER FOUNDATION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
TRINITY PAWLING SCHOOL C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	20,000
UNION COLLEGE C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	2,500
UNIVERSITY OF DELAWARE (MEN'S CREW) C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
UNIVERSITY OF NEW ENGLAND C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
UNQUAWA SCHOOL ASSOCIATION (THE) C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
US SKI AND SNOWBOARD FOUNDATION C/O 110 N MARKET STREET WILMINGTON,DE19890			RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES	1,000
Total ................................. 3a				773,000

	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	(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...	277,889		277,889
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		435,577
b	Gross sales price for all assets on line 6a 435,577
7	Capital gain net income (from Part IV, line 2)...			435,577
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........	713,466		713,466
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).......	List of Attached Documents: // Content	1,700	850	850
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	43,130	21,565	21,565
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	34,300	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	79,130		22,415	22,415
25	Contributions, gifts, grants paid.......	773,000			773,000
26	Total expenses and disbursements. Add lines 24 and 25 ................	852,130		22,415	795,415
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-138,664
b	Net investment income (if negative, enter -0-)			691,051
c	Adjusted net income (if negative, enter -0-)...

(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	MILLRACE CAPITAL LP HOLDBACK RECEIVED	P	2023-01-01	2025-01-29
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(h) Gain or (loss) (e) plus (f) minus (g)
a	389,914	389,914
b	45,663	45,663
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			389,914
b			45,663
c
d
e

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


(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

	(a) Corpus	(b) Years prior to 2024	(c) 2024	(d) 2025
1 Distributable amount for 2025 from Part X, line 7				710,259
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......			619,038
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2025:
a From 2020......
b From 2021......
c From 2022......
d From 2023......
e From 2024......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 795,415
a Applied to 2024, but not more than line 2a			619,038
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.....				176,377
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 ..........				533,882
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 ....
b Excess from 2022 ....
c Excess from 2023 ....
d Excess from 2024 ....
e Excess from 2025 ....

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

bApproved for future payment

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

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	277,889
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 ............			14	435,577
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		713,466	0

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.

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MUTUAL FUNDS	AT COST	4,639,674	5,673,070
INTERNATIONAL MUTUAL FUNDS AND ETFS	AT COST	804,606	979,303
REAL ASSETS	AT COST	203,810	205,562
ARES STRATEGIC INCOME FUND	AT COST	300,000	301,861
HAMILTON LANE PRIVATE ASSETS FUND	AT COST	300,000	338,493
ORIGIN INVESTMENTS INCOME PLUS FUND	AT COST	100,000	100,413

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

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.)

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

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