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
TUA M DAVIS FBO W DAVIS MEM FDN

Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 653067
Room/suite

City or town
DALLAS

State or province
TX

Country

ZIP or foreign postal code
752653067

A Employer identification number

13-6138067

B Telephone number (see instructions)

8888663275

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)$75,287,156J 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...	1,600,697		1,595,852
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		7,656,943
b	Gross sales price for all assets on line 6a 30,897,810
7	Capital gain net income (from Part IV, line 2)...			7,656,943
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).......			-7,638
12	Total. Add lines 1 through 11........	9,257,640		9,245,157
13	Compensation of officers, directors, trustees, etc.	75,340		45,204		30,136
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	1,250	750	0	500
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	156,019	6,019		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	206	206
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	232,815		52,179	0	30,636
25	Contributions, gifts, grants paid.......	3,501,929				3,501,929
26	Total expenses and disbursements. Add lines 24 and 25 ................	3,734,744		52,179	0	3,532,565
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	5,522,896
b	Net investment income (if negative, enter -0-)			9,192,978
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.........	1,132,520	1,054,022	1,054,022
	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)	796,039	List of Attached Documents: // Content 5,292,615	5,371,263
	b	Investments—corporate stock (attach schedule).......	18,082,138	List of Attached Documents: // Content 19,889,547	55,560,481
	c	Investments—corporate bonds (attach schedule).......	13,716,291	List of Attached Documents: // Content 7,992,443	8,146,888
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........		List of Attached Documents: // Content 5,015,837	5,154,502
	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)	33,726,988	39,244,464	75,287,156
	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........	33,726,988	39,244,464
	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).....	33,726,988	39,244,464
	30	Total liabilities and net assets/fund balances (see instructions).	33,726,988	39,244,464

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

33,726,988

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

5,522,896

Other increases not included in line 2 (itemize)

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

39,249,884

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

List of Attached Documents:

// Content

5,420

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

39,244,464

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	600000. U.S. TREASURY NOTE 4.625% FEB 28 2025		2024-04-17	2025-02-28
b	200000. U.S. TREASURY NOTE 4.625% FEB 28 2025		2024-05-01	2025-02-28
c	500. ADOBE SYS INC		2014-01-14	2025-03-11
d	1137. BOOZ ALLEN HAMILTON HLDG CLASS A		2021-06-10	2025-03-11
e	3863. BOOZ ALLEN HAMILTON HLDG CLASS A		2021-06-11	2025-03-11
	2000. CSX CORP		2013-03-22	2025-03-11
	3000. CSX CORP		2013-04-23	2025-03-11
	3000. CSX CORP		2013-04-16	2025-03-11
	3000. CSX CORP		2013-04-22	2025-03-11
	9000. CSX CORP		2013-04-17	2025-03-11
	500. EOG RESOURCES INC		2021-12-31	2025-03-11
	500. EOG RESOURCES INC		2021-06-04	2025-03-11
	3000. EOG RESOURCES INC		2021-06-02	2025-03-11
	4000. EXXON MOBIL CORPORATION		2021-03-04	2025-03-11
	1000. IDEXX LABS INC		2020-01-02	2025-03-11
	400. NORTHROP CORPORATION		2010-09-30	2025-03-11
	500. VISA INC CL A SHRS		2016-04-04	2025-03-11
	1000. VISA INC CL A SHRS		2015-08-19	2025-03-11
	1000. CHUBB LTD		2009-07-28	2025-03-11
	500000. JPMORGAN CHASE & CO CLD GLB		2022-06-07	2025-04-26
	1000000. JPMORGAN CHASE & CO CLD GLB		2022-05-20	2025-04-26
	500. ADOBE SYS INC		2014-01-14	2025-06-06
	50. BOOKING HLDGS INC USD0.008		2013-09-09	2025-06-06
	39015.912 INTERMEDIATE AGGREGATE BOND CTF		1996-02-23	2025-06-06
	1000. COCA COLA CO COM		2022-05-24	2025-06-06
	1500. COCA COLA CO COM		2022-02-10	2025-06-06
	500. DANAHER CORPORATION		2009-10-09	2025-06-06
	500. DANAHER CORPORATION		2009-10-07	2025-06-06
	4000. EOG RESOURCES INC		2021-06-02	2025-06-06
	300. IDEX CORP		2020-10-05	2025-06-06
	2000. IDEX CORP		2019-11-04	2025-06-06
	400. IDEX CORP		2019-12-04	2025-06-06
	1000. J P MORGAN CHASE & CO COM		2021-02-25	2025-06-06
	1200. L3HARRIS TECHNOLOGIES INC		2020-03-13	2025-06-06
	800. L3HARRIS TECHNOLOGIES INC		2020-03-20	2025-06-06
	5000. MONDELEZ INTERNATIONAL INC		2012-10-15	2025-06-06
	500. MORGAN STANLEY DEAN WITTER DISCOVER & CO		2021-12-20	2025-06-06
	1500. MORGAN STANLEY DEAN WITTER DISCOVER & CO		2021-02-25	2025-06-06
	300. NORTHROP CORPORATION		2010-09-30	2025-06-06
	500. PROCTER & GAMBLE CO COM		2022-02-03	2025-06-06
	500. PROCTER & GAMBLE CO COM		2024-05-01	2025-06-06
	250. PROCTER & GAMBLE CO COM		2016-03-24	2025-06-06
	500. SERVICENOW INC		2017-10-27	2025-06-06
	1000. TJX COMPANIES INCORPORATED NEW		2015-12-03	2025-06-06
	600. UNION PAC CORP COM		2008-06-12	2025-06-06
	1000. VERALTO CORP REG SHS		2024-04-24	2025-06-06
	500. VERALTO CORP REG SHS		2024-01-22	2025-06-06
	1500. VERALTO CORP REG SHS		2024-01-08	2025-06-06
	600. VERTEX PHARMACEUTICALS INC COM		2024-01-12	2025-06-06
	400. VISA INC CL A SHRS		2015-05-07	2025-06-06
	100. VISA INC CL A SHRS		2014-12-16	2025-06-06
	2000. XYLEM INC SHS		2012-07-30	2025-06-06
	1000. XYLEM INC SHS		2012-08-01	2025-06-06
	1200. ZOETIS INC		2015-01-07	2025-06-06
	1000. ZOETIS INC		2014-11-13	2025-06-06
	1800. ZOETIS INC		2014-11-11	2025-06-06
	1000. CHUBB LTD		2009-07-28	2025-06-06
	600000. HSBC HOLDINGS PLC GLB		2022-04-29	2025-06-11
	500000. MORGAN STANLEY SER GMTN GLB		2023-04-06	2025-06-11
	400000. MORGAN STANLEY SER GMTN GLB		2024-05-15	2025-06-11
	500000. MORGAN STANLEY SER GMTN GLB		2023-04-26	2025-06-11
	500000. MORGAN STANLEY SER GMTN GLB		2023-05-05	2025-06-11
	200000. MORGAN STANLEY SER GMTN GLB		2023-05-08	2025-06-11
	300000. MORGAN STANLEY SER GMTN GLB		2023-06-12	2025-06-11
	600000. TOYOTA MOTOR CREDIT CORP SER MTN GLB		2023-02-17	2025-06-11
	500000. UNITED PARCEL SERVICE GLB		2025-05-15	2025-06-11
	200000. UNITEDHEALTH GROUP INC GLB		2023-05-08	2025-06-11
	500000. UNITEDHEALTH GROUP INC GLB		2022-12-20	2025-06-11
	600000. UNITEDHEALTH GROUP INC GLB		2022-10-07	2025-06-11
	400000. UNITEDHEALTH GROUP INC GLB		2022-10-12	2025-06-11
	300000. UNITEDHEALTH GROUP INC GLB		2023-10-19	2025-06-11
	1200000. JPMORGAN CHASE & CO CLD GLB		2022-08-03	2025-06-13
	300000. JPMORGAN CHASE & CO CLD GLB		2022-08-09	2025-06-13
	500000. JPMORGAN CHASE & CO CLD GLB		2022-10-06	2025-06-13
	500000. JPMORGAN CHASE & CO CLD GLB		2022-09-27	2025-06-13
	300000. CITIGROUP INC GLB		2023-07-13	2025-06-25
	200000. CITIGROUP INC GLB		2023-07-25	2025-06-25
	200000. CITIGROUP INC GLB		2023-12-01	2025-06-25
	500000. CITIGROUP INC GLB		2023-08-10	2025-06-25
	500000. CITIGROUP INC GLB		2023-08-30	2025-06-25
	500000. CITIGROUP INC GLB		2023-08-23	2025-06-25
	780000. JPMORGAN CHASE & CO GLB		2022-08-15	2025-06-25
	300000. JPMORGAN CHASE & CO GLB		2023-04-06	2025-06-25
	100000. JPMORGAN CHASE & CO GLB		2023-12-19	2025-06-25
	400000. JPMORGAN CHASE & CO GLB		2022-09-12	2025-06-25
	500000. JPMORGAN CHASE & CO GLB		2023-02-06	2025-06-25
	300000. JPMORGAN CHASE & CO GLB		2022-09-06	2025-06-25
	3924.33 FNMA PBU1416 03%2052		2025-06-23	2025-06-30
	5601.03 FNMA PCB5139 05 50%2052		2025-06-26	2025-06-30
	3370.75 FNMA PMA5054 04%2053		2025-06-13	2025-06-30
	2415.32 FNMA PMA5556 04%2039		2025-06-24	2025-06-30
	30000. CVS HEALTH CORP GLB		2025-06-11	2025-07-07
	50000. CVS HEALTH CORP GLB		2025-06-26	2025-07-07
	25000. PHILIP MORRIS INTL INC GLB		2025-06-23	2025-07-16
	35000. PHILIP MORRIS INTL INC GLB		2025-06-23	2025-07-23
	10000. PHILIP MORRIS INTL INC GLB		2025-06-23	2025-07-30
	3658.69 FNMA PBU1416 03%2052		2025-06-23	2025-07-31
	1637.47 FNMA PBX0388 04 50%2052		2025-07-23	2025-07-31
	2580.47 FNMA PCB5139 05 50%2052		2025-06-26	2025-07-31
	2997.56 FNMA PFA0705 04 50%2053		2025-07-29	2025-07-31
	14075.14 FNMA PFA1626 04%2052		2025-07-17	2025-07-31
	2925.78 FNMA PFS3024 04%2052		2025-07-07	2025-07-31
	5555.75 FNMA PFS5349 04%2052		2025-07-24	2025-07-31
	2144.02 FNMA PMA4784 04 50%2052		2025-07-01	2025-07-31
	1258.65 FNMA PMA5054 04%2053		2025-06-13	2025-07-31
	2545.13 FNMA PMA5556 04%2039		2025-06-24	2025-07-31
	1000. ABBOTT LABORATORIES		2023-05-30	2025-08-01
	20000. CVS HEALTH CORP GLB		2025-05-31	2025-08-01
	3000. EXXON MOBIL CORPORATION		2021-03-24	2025-08-01
	750. FORTIVE CORP SHS		2020-10-23	2025-08-01
	2000. FORTIVE CORP SHS		2020-08-31	2025-08-01
	1000. FORTIVE CORP SHS		2020-06-16	2025-08-01
	250. FORTIVE CORP SHS		2016-03-24	2025-08-01
	1000. FORTIVE CORP SHS		2009-10-09	2025-08-01
	2000. FORTIVE CORP SHS		2009-10-07	2025-08-01
	1000. NORTHROP CORPORATION		2010-09-30	2025-08-01
	20000. PARKER-HANNIFIN CORP -		2025-07-15	2025-08-01
	900. QUANTA SVCS INC		2024-08-15	2025-08-01
	1500. UNION PAC CORP COM		2008-06-12	2025-08-01
	600. VISA INC CL A SHRS		2014-12-16	2025-08-01
	30000. CVS HEALTH CORP GLB		2025-05-31	2025-08-04
	13000. CVS HEALTH CORP GLB		2025-06-11	2025-08-04
	17000. CVS HEALTH CORP GLB		2025-06-11	2025-08-05
	5000. PHILIP MORRIS INTL INC GLB		2025-06-23	2025-08-05
	5000. PHILIP MORRIS INTL INC GLB		2025-06-23	2025-08-06
	40000. PARKER-HANNIFIN CORP -		2025-07-15	2025-08-14
	49000. UNITEDHEALTH GROUP INC GLB		2025-06-23	2025-08-18
	36000. UNITEDHEALTH GROUP INC GLB		2025-06-23	2025-08-18
	20000. PARKER-HANNIFIN CORP -		2025-07-15	2025-08-19
	3671.86 FNMA PBU1416 03%2052		2025-06-23	2025-08-31
	4376.22 FNMA PBX0388 04 50%2052		2025-07-23	2025-08-31
	1811.35 FNMA PCB5139 05 50%2052		2025-06-26	2025-08-31
	7651.16 FNMA PFA0705 04 50%2053		2025-07-29	2025-08-31
	1780.73 FNMA PFA1626 04%2052		2025-07-17	2025-08-31
	1005.21 FNMA PFS3024 04%2052		2025-07-07	2025-08-31
	8018.11 FNMA PFS5349 04%2052		2025-07-24	2025-08-31
	2196.15 FNMA PMA4784 04 50%2052		2025-07-01	2025-08-31
	2256.81 FNMA PMA5054 04%2053		2025-06-13	2025-08-31
	3224.82 FNMA PMA5556 04%2039		2025-06-24	2025-08-31
	.333 RALLIANT CORP REG SHS		2020-10-23	2025-09-17
	2266.11 FNMA PBU1416 03%2052		2025-06-23	2025-09-30
	1004.34 FNMA PBX0388 04 50%2052		2025-07-23	2025-09-30
	3572.38 FNMA PCB5139 05 50%2052		2025-06-26	2025-09-30
	4062.27 FNMA PFA0705 04 50%2053		2025-07-29	2025-09-30
	2385.18 FNMA PFA1626 04%2052		2025-07-17	2025-09-30
	5071.04 FNMA PFS3024 04%2052		2025-07-07	2025-09-30
	3168.38 FNMA PFS5349 04%2052		2025-07-24	2025-09-30
	1847.78 FNMA PMA4784 04 50%2052		2025-07-01	2025-09-30
	2041.64 FNMA PMA5054 04%2053		2025-06-13	2025-09-30
	2923.48 FNMA PMA5556 04%2039		2025-06-24	2025-09-30
	30000. U.S. TREASURY NOTE 4.500% NOV 15 2033		2025-08-05	2025-10-02
	500. AMAZON COM INC		2023-12-19	2025-10-21
	249.667 RALLIANT CORP REG SHS		2020-10-23	2025-10-21
	666.667 RALLIANT CORP REG SHS		2020-08-31	2025-10-21
	333.333 RALLIANT CORP REG SHS		2020-06-16	2025-10-21
	83.333 RALLIANT CORP REG SHS		2016-03-24	2025-10-21
	333.333 RALLIANT CORP REG SHS		2009-10-09	2025-10-21
	666.667 RALLIANT CORP REG SHS		2009-10-07	2025-10-21
	600. TJX COMPANIES INCORPORATED NEW		2015-12-03	2025-10-21
	1500. VERALTO CORP REG SHS		2024-01-08	2025-10-21
	2000. VERALTO CORP REG SHS		2024-01-12	2025-10-21
	600. VERTEX PHARMACEUTICALS INC COM		2024-01-12	2025-10-21
	41000. RIO TINTO FIN USA PLC COMPANY GUARNT GLB		2025-06-23	2025-10-23
	300. SERVICENOW INC		2017-10-27	2025-10-30
	4287.69 FNMA PBU1416 03%2052		2025-06-23	2025-10-31
	2065.1 FNMA PBX0388 04 50%2052		2025-07-23	2025-10-31
	5053.73 FNMA PCB5139 05 50%2052		2025-06-26	2025-10-31
	3253.45 FNMA PFA0705 04 50%2053		2025-07-29	2025-10-31
	1944.61 FNMA PFA1626 04%2052		2025-07-17	2025-10-31
	3872.11 FNMA PFS3024 04%2052		2025-07-07	2025-10-31
	7757.56 FNMA PFS5349 04%2052		2025-07-24	2025-10-31
	1865.3 FNMA PMA4784 04 50%2052		2025-07-01	2025-10-31
	2835.86 FNMA PMA5054 04%2053		2025-06-13	2025-10-31
	3933.02 FNMA PMA5556 04%2039		2025-06-24	2025-10-31
	100000. U.S. TREASURY NOTE 2.750% JUL 31 2027		2025-06-18	2025-10-31
	25000. UBER TECHNOLOGIES INC GLB		2025-06-26	2025-11-03
	55000. UBER TECHNOLOGIES INC GLB		2025-06-11	2025-11-03
	20000. RIO TINTO FIN USA PLC COMPANY GUARNT GLB		2025-06-23	2025-11-04
	20000. GEORGIA POWER CO GLB		2025-06-30	2025-11-06
	30000. U.S. TREASURY NOTE 2.750% JUL 31 2027		2025-06-18	2025-11-06
	7000. RIO TINTO FIN USA PLC COMPANY GUARNT GLB		2025-06-23	2025-11-07
	40000. DELL INT LLC / EMC CORP COMPANY GUARNT GLB		2025-07-15	2025-11-12
	35000. GEORGIA POWER CO GLB		2025-06-30	2025-11-12
	105000. GEORGIA POWER CO GLB		2025-06-11	2025-11-12
	12000. RIO TINTO FIN USA PLC COMPANY GUARNT GLB		2025-06-23	2025-11-12
	7619.84 GM FINANCIAL CO ABS 2024 2 A3 05.100%MAR16 29		2025-07-23	2025-11-15
	60000. DELL INT LLC / EMC CORP COMPANY GUARNT GLB		2025-07-15	2025-11-25
	3895.89 FNMA PBU1416 03%2052		2025-06-23	2025-11-30
	3839.15 FNMA PBX0388 04 50%2052		2025-07-23	2025-11-30
	4475.17 FNMA PCB5139 05 50%2052		2025-06-26	2025-11-30
	2903.24 FNMA PFA0705 04 50%2053		2025-07-29	2025-11-30
	1684.21 FNMA PFA1626 04%2052		2025-07-17	2025-11-30
	2888.82 FNMA PFS3024 04%2052		2025-07-07	2025-11-30
	7365.75 FNMA PFS5349 04%2052		2025-07-24	2025-11-30
	2067.75 FNMA PMA4784 04 50%2052		2025-07-01	2025-11-30
	2732.44 FNMA PMA5054 04%2053		2025-06-13	2025-11-30
	4317.03 FNMA PMA5556 04%2039		2025-06-24	2025-11-30
	7000. BROADCOM INC GLB		2025-07-08	2025-12-03
	7000. BROADCOM INC GLB		2025-07-08	2025-12-03
	13000. BROADCOM INC GLB		2025-07-08	2025-12-03
	13000. BROADCOM INC GLB		2025-07-07	2025-12-03
	13000. BROADCOM INC GLB		2025-07-08	2025-12-03
	27000. BROADCOM INC GLB		2025-07-07	2025-12-03
	11068.31 GM FINANCIAL CO ABS 2024 2 A3 05.100%MAR16 29		2025-07-23	2025-12-15
	15000. AT&T INC GLB		2025-10-02	2025-12-16
	13000. AT&T INC GLB		2025-09-24	2025-12-16
	12000. AT&T INC GLB		2025-10-01	2025-12-16
	25000. AT&T INC GLB		2025-09-18	2025-12-16
	22000. HUNTINGTON BANCSHARES GLB		2025-07-07	2025-12-16
	18000. HUNTINGTON BANCSHARES GLB		2025-07-07	2025-12-23
	5187.88 FNMA PBU1416 03%2052		2025-06-23	2025-12-31
	1218.97 FNMA PBX0388 04 50%2052		2025-07-23	2025-12-31
	8339.24 FNMA PCB5139 05 50%2052		2025-06-26	2025-12-31
	10049.59 FNMA PFA0705 04 50%2053		2025-07-29	2025-12-31
	4095.34 FNMA PFA1626 04%2052		2025-07-17	2025-12-31
	6242.46 FNMA PFS3024 04%2052		2025-07-07	2025-12-31
	3154.4 FNMA PFS5349 04%2052		2025-07-24	2025-12-31
	1549.8 FNMA PMA4784 04 50%2052		2025-07-01	2025-12-31
	1566.94 FNMA PMA5054 04%2053		2025-06-13	2025-12-31
	3065.13 FNMA PMA5556 04%2039		2025-06-24	2025-12-31
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
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	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	600,000	597,070	2,930
b	200,000	198,969	1,031
c	218,302	30,214	188,088
d	125,200	100,421	24,779
e	425,372	340,762	84,610
	59,461	16,021	43,440
	89,192	23,951	65,241
	89,192	23,942	65,250
	89,192	23,595	65,597
	267,575	70,601	196,974
	62,294	44,574	17,720
	62,294	42,964	19,330
	373,766	256,737	117,029
	435,652	233,140	202,512
	428,331	262,568	165,763
	197,241	22,107	175,134
	166,998	38,890	128,108
	333,997	74,295	259,702
	292,137	48,722	243,415
	500,000	500,148	-148
	1,000,000	1,000,140	-140
	208,645	30,214	178,431
	281,033	48,368	232,665
	444,052	476,287	-32,235
	71,255	63,305	7,950
	106,883	93,282	13,601
	97,858	11,428	86,430
	97,858	11,012	86,846
	456,464	342,316	114,148
	54,899	54,696	203
	365,992	321,653	44,339
	73,198	63,507	9,691
	266,155	153,665	112,490
	292,160	198,955	93,205
	194,774	123,576	71,198
	330,703	133,784	196,919
	65,992	47,698	18,294
	197,977	120,501	77,476
	146,631	16,580	130,051
	82,060	82,003	57
	82,060	81,685	375
	41,030	20,770	20,260
	516,981	62,009	454,972
	128,732	35,094	93,638
	133,980	22,678	111,302
	100,194	89,339	10,855
	50,097	39,518	10,579
	150,291	116,285	34,006
	270,290	259,588	10,702
	148,131	26,677	121,454
	37,033	6,358	30,675
	253,155	48,548	204,607
	126,578	24,055	102,523
	203,978	51,966	152,012
	169,982	43,195	126,787
	305,968	77,707	228,261
	293,761	48,722	245,039
	598,644	600,371	-1,727
	494,845	486,615	8,230
	395,876	387,200	8,676
	494,845	482,930	11,915
	494,845	482,645	12,200
	197,938	192,384	5,554
	296,907	285,546	11,361
	599,220	591,906	7,314
	500,950	500,711	239
	195,492	196,552	-1,060
	488,730	482,705	6,025
	586,476	561,726	24,750
	390,984	372,616	18,368
	293,238	275,670	17,568
	1,194,324	1,184,868	9,456
	298,581	295,407	3,174
	497,635	472,890	24,745
	497,635	471,060	26,575
	295,494	282,681	12,813
	196,996	188,098	8,898
	196,996	186,978	10,018
	492,490	465,355	27,135
	492,490	463,960	28,530
	492,490	460,830	31,660
	777,980	781,711	-3,731
	299,223	294,711	4,512
	99,741	98,234	1,507
	398,964	390,692	8,272
	498,705	487,445	11,260
	299,223	291,639	7,584
	3,924	3,412	512
	5,601	5,638	-37
	3,371	3,103	268
	2,415	2,354	61
	30,709	30,416	293
	51,181	51,240	-59
	26,048	26,167	-119
	36,523	36,627	-104
	10,440	10,463	-23
	3,659	3,181	478
	1,637	1,560	77
	2,580	2,597	-17
	2,998	2,868	130
	14,075	12,943	1,132
	2,926	2,699	227
	5,556	5,155	401
	2,144	2,056	88
	1,259	1,159	100
	2,545	2,480	65
	127,420	102,072	25,348
	20,620	20,299	321
	327,645	170,962	156,683
	35,087	37,772	-2,685
	93,565	92,686	879
	46,783	43,555	3,228
	11,696	7,196	4,500
	46,783	10,347	36,436
	93,565	19,941	73,624
	581,954	55,266	526,688
	20,045	19,987	58
	356,227	242,761	113,466
	329,715	56,694	273,021
	204,228	38,147	166,081
	30,980	30,448	532
	13,425	13,179	246
	17,562	17,234	328
	5,248	5,231	17
	5,249	5,231	18
	40,111	39,975	136
	47,926	47,317	609
	35,200	34,763	437
	20,048	19,987	61
	3,672	3,193	479
	4,376	4,168	208
	1,811	1,823	-12
	7,651	7,321	330
	1,781	1,637	144
	1,005	927	78
	8,018	7,440	578
	2,196	2,106	90
	2,257	2,078	179
	3,225	3,143	82
	14	16	-2
	2,266	1,970	296
	1,004	957	47
	3,572	3,596	-24
	4,062	3,887	175
	2,385	2,193	192
	5,071	4,679	392
	3,168	2,940	228
	1,848	1,772	76
	2,042	1,879	163
	2,923	2,849	74
	31,159	30,889	270
	111,160	76,713	34,447
	10,785	12,307	-1,522
	28,798	30,240	-1,442
	14,399	14,210	189
	3,600	2,348	1,252
	14,399	3,376	11,023
	28,798	6,506	22,292
	86,445	21,057	65,388
	155,819	116,285	39,534
	207,758	152,170	55,588
	255,635	259,588	-3,953
	42,874	41,338	1,536
	283,453	37,205	246,248
	4,288	3,728	560
	2,065	1,967	98
	5,054	5,087	-33
	3,253	3,113	140
	1,945	1,788	157
	3,872	3,573	299
	7,758	7,198	560
	1,865	1,788	77
	2,836	2,611	225
	3,933	3,833	100
	98,543	97,668	875
	24,865	24,545	320
	54,702	53,474	1,228
	20,599	20,165	434
	20,315	20,201	114
	29,565	29,300	265
	7,197	7,058	139
	41,252	40,517	735
	35,518	35,351	167
	106,553	105,077	1,476
	12,361	12,099	262
	7,620	7,679	-59
	61,937	60,771	1,166
	3,896	3,388	508
	3,839	3,657	182
	4,475	4,505	-30
	2,903	2,778	125
	1,684	1,549	135
	2,889	2,665	224
	7,366	6,835	531
	2,068	1,982	86
	2,732	2,515	217
	4,317	4,207	110
	7,129	6,993	136
	7,129	6,992	137
	13,240	12,983	257
	13,240	12,983	257
	13,240	12,977	263
	27,499	26,944	555
	11,068	11,155	-87
	14,866	15,008	-142
	12,884	12,998	-114
	11,893	11,993	-100
	24,777	24,978	-201
	22,660	22,440	220
	18,499	18,359	140
	5,188	4,511	677
	1,219	1,161	58
	8,339	8,394	-55
	10,050	9,616	434
	4,095	3,766	329
	6,242	5,760	482
	3,154	2,927	227
	1,550	1,486	64
	1,567	1,442	125
	3,065	2,987	78
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843
			131,843

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			2,930
b			1,031
c			188,088
d			24,779
e			84,610
			43,440
			65,241
			65,250
			65,597
			196,974
			17,720
			19,330
			117,029
			202,512
			165,763
			175,134
			128,108
			259,702
			243,415
			-148
			-140
			178,431
			232,665
			-32,235
			7,950
			13,601
			86,430
			86,846
			114,148
			203
			44,339
			9,691
			112,490
			93,205
			71,198
			196,919
			18,294
			77,476
			130,051
			57
			375
			20,260
			454,972
			93,638
			111,302
			10,855
			10,579
			34,006
			10,702
			121,454
			30,675
			204,607
			102,523
			152,012
			126,787
			228,261
			245,039
			-1,727
			8,230
			8,676
			11,915
			12,200
			5,554
			11,361
			7,314
			239
			-1,060
			6,025
			24,750
			18,368
			17,568
			9,456
			3,174
			24,745
			26,575
			12,813
			8,898
			10,018
			27,135
			28,530
			31,660
			-3,731
			4,512
			1,507
			8,272
			11,260
			7,584
			512
			-37
			268
			61
			293
			-59
			-119
			-104
			-23
			478
			77
			-17
			130
			1,132
			227
			401
			88
			100
			65
			25,348
			321
			156,683
			-2,685
			879
			3,228
			4,500
			36,436
			73,624
			526,688
			58
			113,466
			273,021
			166,081
			532
			246
			328
			17
			18
			136
			609
			437
			61
			479
			208
			-12
			330
			144
			78
			578
			90
			179
			82
			-2
			296
			47
			-24
			175
			192
			392
			228
			76
			163
			74
			270
			34,447
			-1,522
			-1,442
			189
			1,252
			11,023
			22,292
			65,388
			39,534
			55,588
			-3,953
			1,536
			246,248
			560
			98
			-33
			140
			157
			299
			560
			77
			225
			100
			875
			320
			1,228
			434
			114
			265
			139
			735
			167
			1,476
			262
			-59
			1,166
			508
			182
			-30
			125
			135
			224
			531
			86
			217
			110
			136
			137
			257
			257
			263
			555
			-87
			-142
			-114
			-100
			-201
			220
			140
			677
			58
			-55
			434
			329
			482
			227
			64
			125
			78

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	7,656,943
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	127,782
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	127,782
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	127,782
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	153,656
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	153,656
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	638
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	25,236
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax25,236	Refunded	11	0
	For Refunded amount, also complete and attach Form 8050. See instructions.

Form 990-PF (2025)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

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

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

on foundation managers.$

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

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

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

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

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

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

Yes

Website address

The books are in care ofBANK OF AMERICA NA Telephone no. (888) 866-3275

Located atPO BOX 653067DALLASTX ZIP+4752653067

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)

Yes

(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 ........

Yes

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

Yes

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

List of Attached Documents:

// Content

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
BANK OF AMERICA	TRUSTEE 1	75,340
PO BOX 653067 DALLAS,TX752653067	TRUSTEE 1	75,340

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

69,747,906

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

2,316,324

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

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

72,064,230

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

72,064,230

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

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

1,080,963

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

70,983,267

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

3,549,163

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

3,549,163

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

127,782

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

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

127,782

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

3,421,381

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

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

3,421,381

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

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

3,421,381

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) ..........

3,532,565

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. .......

3,532,565

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					3,421,381
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				1,025,548
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: $ 3,532,565
a Applied to 2024, but not more than line 2a				1,025,548
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.....					2,507,017
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 ..........					914,364
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
WESTMORELAND DAVIS MEMORIAL FDN INC 17195 SOUTHERN PLANTER LANE LEESBURG,VA201787433	N/A		UNRESTRICTED GENERAL	3,501,929
Total ................................. 3a				3,501,929

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	1,600,697
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	7,656,943
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) ..				9,257,640

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

9,257,640

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2025)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2025)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
00206RNB4 AT&T INC GLB	68,884	68,552
023608AR3 AMEREN CORP GLB	81,037	82,210
05526DCC7 BAT CAPITAL CORP COM	81,244	83,330
20030NEP2 COMCAST CORP COMPANY	81,023	81,797
25278XBC2 DIAMONDBACK ENERGY I	80,252	82,226
30303MAD4 META PLATFORMS INC G	140,453	139,812
37045XFL5 GENERAL MOTORS FINL	84,940	85,121
37940XAX0 GLOBAL PAYMENTS INC	139,639	140,066
404119CK3 HCA INC COMPANY GUAR	159,917	165,293
822905AQ8 SHELL FINANCE US INC	126,816	126,812
87612GAE1 TARGA RESOURCES PART	78,200	78,953
958667AJ6 WESTERN MIDSTREAM OP	69,655	69,628
02557TAE9 AMERICAN ELECTRIC PO	81,161	81,406
14040HDJ1 CAPITAL ONE FINANCIA	80,611	83,510
38141GYM0 GOLDMAN SACHS GROUP	135,442	137,633
446150BE3 HUNTINGTON BANCSHARE	61,191	61,737
46647PEU6 JPMORGAN CHASE & CO	211,786	213,904
61747YFT7 MORGAN STANLEY GLB	160,404	164,704
693475BR5 PNC FINANCIAL SERVIC	164,652	165,939
808513CH6 CHARLES SCHWAB CORP	101,923	103,547
95000U3P6 WELLS FARGO & COMPAN	81,862	82,842
3140M2SE3 FNMA PBU1416 03%	352,514	363,499
3140N4NE3 FNMA PBX0388 04 50%	330,489	340,486
3140QQV93 FNMA PCB5139 05 50%	518,164	523,283
3140W0YB5 FNMA PFA0705 04 50%	502,905	518,545
3140W1YY3 FNMA PFA1626 04%	526,933	547,625
3140XJLE1 FNMA PFS3024 04%	523,753	541,306
3140XL5K0 FNMA PFS5349 04%	508,773	524,142
31418EJ68 FNMA PMA4784 04 50%	210,935	216,058
31418ETL4 FNMA PMA5054 04%	357,561	369,299
31418FE60 FNMA PMA5556 04%	205,634	208,488
362962AD4 GM FINANCIAL AU ABS	223,836	225,010
379931AD0 GM FINANCIAL CO ABS	204,900	204,983
65481GAD7 NISSAN AUTO REC ABS	349,311	350,568
92868WAD9 VOLKSWAGEN AUTO ABS	224,700	226,250
46648KAU0 JPMDB COMMERCIA CMO	223,513	226,141
00774MBS3 AERCAP IRELAND CAP/G	104,136	103,744
78016FZZ0 USD ROYAL BK CANADA	105,478	105,744
78081BAU7 ROYALTY PHARMA PLC C	83,446	85,430
06738EBU8 BARCLAYS PLC GLB	164,370	167,265
46647PBA3 JPMORGAN CHASE & CO
91324PEH1 UNITEDHEALTH GROUP I
172967MF5 CITIGROUP INC GLB
46647PCZ7 JPMORGAN CHASE & CO
46647PDA1 JPMORGAN CHASE & CO
404280AW9 HSBC HOLDINGS PLC GL
6174468G7 MORGAN STANLEY SER G
89236TKD6 TOYOTA MOTOR CREDIT
172967MP3 CITIGROUP INC GLB

Name of Stock	End of Year Book Value	End of Year Fair Market Value
464287804 ISHARES CORE S&P SMA	1,307,938	3,004,500
30231G102 EXXON MOBIL CORP	620,921	1,444,080
278865100 ECOLAB INC	56,915	787,560
235851102 DANAHER CORP DEL	77,084	801,220
302130109 EXPEDITORS INTL WASH
666807102 NORTHROP GRUMMAN COR	55,266	570,210
907818108 UNION PACIFIC CORP	109,609	670,828
98419M100 XYLEM INC SHS	62,737	680,900
023135106 AMAZON COM INC COM	179,355	2,539,020
191216100 COCA COLA COM	436,133	664,145
609207105 MONDELEZ INTERNATION	276,699	565,215
742718109 PROCTER & GAMBLE CO	152,372	609,068
002824100 ABBOTT LABS	487,119	877,030
717081103 PFIZER INC
46625H100 JPMORGAN CHASE & CO	362,796	1,933,320
G1151C101 ACCENTURE PLC SHS	110,833	1,019,540
037833100 APPLE INC	60,333	3,751,668
594918104 MICROSOFT CORP	288,374	3,965,684
1261291M7 INTERMEDIATE AGGREGA
126408103 CSX CORP
92826C839 VISA INC CL A SHRS	202,167	1,718,479
98978V103 ZOETIS INC	138,147	402,624
00724F101 ADOBE INC SHS	95,934	559,984
872540109 TJX COS INC NEW	294,792	1,290,324
02079K305 ALPHABET INC SHS	230,305	3,130,000
34959J108 FORTIVE CORP SHS
548661107 LOWE'S COMPANIES INC	312,035	844,060
H1467J104 CHUBB LTD	193,366	1,310,904
81762P102 SERVICENOW INC	186,027	1,148,925
09857L108 BOOKING HLDGS INC US	174,126	963,959
45167R104 IDEX CORP DELAWARE
126650100 CVS HEALTH CORP
00900W621 INVESCO OPPENHEIMER
502431109 L3HARRIS TECHNOLOGIE
45168D104 IDEXX LAB INC DEL $0
65339F101 NEXTERA ENERGY INC S	404,816	441,540
277902235 EATON VANCE ATL CAPI	898,015	2,031,154
26875P101 EOG RESOURCES INC
617446448 MORGAN STANLEY	604,247	1,509,005
099502106 BOOZ ALLEN HAMILTON
16411R208 CHENIERE ENERGY	241,910	291,585
922042775 VANGUARD FTSE ALL WO	2,030,603	2,574,600
009158106 AIR PRODUCTS&CHEM
74762E102 QUANTA SERVICES INC	483,124	1,139,562
92338C103 VERALTO CORP REG SHS	13,136	149,670
49177J102 KENVUE INC
67066G104 NVIDIA	980,657	2,424,500
92532F100 VERTEX PHARMCTLS INC
11135F101 BROADCOM INC	1,026,923	2,249,650
78463V107 SPDR GOLD TRUST	604,988	634,096
35671D857 FREEPORT-MCMORAN INC	268,547	330,135
G29183103 EATON CORP PLC	355,706	398,138
75513E101 RTX CORP CORP	571,369	669,410
92537N108 VERTIV HLDG CO	426,105	486,030
931142103 WALMART INC	439,403	501,345
101137107 BOSTON SCIENTIFIC CO	357,156	333,725
532457108 ELI LILLY & CO	307,555	429,872
09260D107 BLACKSTONE INC	415,560	462,420
48251W104 KKR & CO INC C	394,691	446,180
68389X105 ORACLE CORP $0.01	360,611	487,275
697435105 PALO ALTO NETWORKS I	862,865	828,900
30303M102 META PLATFORMS INC C	1,192,273	1,188,162
21037T109 CONSTELLATION ENERGY	177,904	300,280

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
04020E404 ARES STRATEGIC INCOM	AT COST	1,500,000	1,495,644
71NF79999 KKR INFRASTRUCTURE C	AT COST	1,515,837	1,547,942
71LU29993 BLACKSTONE PE STRATE	AT COST	2,000,000	2,110,916

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER ALLOCABLE EXPENSE-PRINCI	95	95		0
OTHER ALLOCABLE EXPENSE-INCOME	111	111		0

Category	Amount	Net Investment Income
FEDERAL ESTIMATES - PRINCIPAL	150,000	0
FOREIGN TAXES ON QUALIFIED FOR	4,426	4,426
FOREIGN TAXES ON NONQUALIFIED	1,593	1,593