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
PECK FOUNDATION MILWAUKEE LTD

Number and street (or P.O. box number if mail is not delivered to street address) P O BOX 170350
Room/suite

City or town
MILWAUKEE

State or province
WI

Country

ZIP or foreign postal code
53217

A Employer identification number

39-1519687

B Telephone number (see instructions)

4143331711

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)$17,058,669J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	1,123,784
2	Check .................
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	386,832		386,832
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		514,172
b	Gross sales price for all assets on line 6a 3,888,249
7	Capital gain net income (from Part IV, line 2)...			514,172
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........	2,024,788		901,004
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	12,497	6,249	6,249
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	87,870	87,870	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	18,152	939	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	468	0	468
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	118,987		95,058	6,717
25	Contributions, gifts, grants paid.......	753,750			753,750
26	Total expenses and disbursements. Add lines 24 and 25 ................	872,737		95,058	760,467
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,152,051
b	Net investment income (if negative, enter -0-)			805,946
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2025)

Page 2

Part II		Balance Sheets	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.........	427,028	653,551	653,551
	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)	1,046,606	List of Attached Documents: // Content 1,233,468	1,233,468
	b	Investments—corporate stock (attach schedule).......	9,750,979	List of Attached Documents: // Content 12,261,447	12,261,447
	c	Investments—corporate bonds (attach schedule).......	2,966,894	List of Attached Documents: // Content 2,494,776	2,494,776
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	515,798	List of Attached Documents: // Content 415,427	415,427
	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)	14,707,305	17,058,669	17,058,669
	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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	14,707,305	17,058,669
	29	Total net assets or fund balances (see instructions).....	14,707,305	17,058,669
	30	Total liabilities and net assets/fund balances (see instructions).	14,707,305	17,058,669

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

14,707,305

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

1,152,051

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

List of Attached Documents:

// Content

1,199,313

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

17,058,669

Decreases not included in line 2 (itemize)

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

17,058,669

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
1 a	PUBLICLY TRADED SECURITIES	P
b	PUBLICLY TRADED SECURITIES	P
c	PUBLICLY TRADED SECURITIES	P
d	CAPITAL GAINS DIVIDENDS	P
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	981,220	754,428	226,792
b	526,429	503,694	22,735
c	2,339,424	2,115,955	223,469
d	41,176		41,176
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			226,792
b			22,735
c			223,469
d			41,176
e

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	514,172
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	11,203
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	11,203
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	11,203
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	797
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax797	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. $ 0(2) On foundation managers.$ 0

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

on foundation managers.$ 0

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 addressN/A

The books are in care ofWILLIAM L KOMISAR Telephone no. (414) 840-3932

Located at1848 W HIDDEN RESERVE CTMEQUONWI ZIP+453092

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)

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

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

1a(5)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2025)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JODI PECK	CO-PRESIDENT 1.00	0	0	0
P O BOX 170350 MILWAUKEE,WI53217	CO-PRESIDENT 1.00	0	0	0
MIRIAM PECK	VICE PRESIDENT (END TERM 6/25) 1.00	0	0	0
P O BOX 170350 MILWAUKEE,WI53217	VICE PRESIDENT (END TERM 6/25) 1.00	0	0	0
KAREN PECK KATZ	CO-PRESIDENT 1.00	0	0	0
P O BOX 170350 MILWAUKEE,WI53217	CO-PRESIDENT 1.00	0	0	0
WILLIAM L KOMISAR	SECRETARY/TR 1.00	0	0	0
1848 W HIDDEN RESERVE CT MEQUON,WI53092	SECRETARY/TR 1.00	0	0	0
HARVEY ALLIGOOD	DIRECTOR 1.00	0	0	0
P O BOX 170350 MILWAUKEE,WI53217	DIRECTOR 1.00	0	0	0

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
RIVERWATER PARTNERS LLC	INVESTMENT ADVISING	53,546
1433 N WATER ST STE 303 MILWAUKEE,WI53202	INVESTMENT ADVISING	53,546

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.........................0

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

14,960,852

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

814,709

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

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

15,775,561

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

15,775,561

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

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

236,633

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

15,538,928

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

776,946

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

776,946

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

11,203

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

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

11,203

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

765,743

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

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

765,743

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

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

765,743

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) ..........

760,467

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. .......

760,467

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				765,743
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......			375,087
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: $ 760,467
a Applied to 2024, but not more than line 2a			375,087
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.....				385,380
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 ..........				380,363
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 ....

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).)

JODI PECK

KAREN PECK KATZ

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 e-mail address of the person to whom applications should be addressed:

REBECCA WAHLBERG
P O BOX 170350
MILWAUKEE,WI53217
(414) 333-1711

bThe form in which applications should be submitted and information and materials they should include:

NO SPECIFIC FORM.

cAny submission deadlines:

NO DEADLINES.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NO RESTRICTIONS.

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
88 NINE RADIO 220 E PITTSBURGH AVE MILWAUKEE,WI53204	N/A		OPERATING SUPPORT	500
ABCD 5775 N GLEN PARK ROAD 201 GLENDALE,WI53209	N/A		OPERATING SUPPORT	3,500
ACTS HOUSING 2414 W VLIET ST MILWAUKEE,WI53205	N/A		OPERATING SUPPORT	3,000
ALZHEIMERS ASSOCIATION 620 S 76TH ST STE 160 MILWAUKEE,WI53214	N/A		OPERATING SUPPORT	1,000
BADER HILLEL ACADEMY 6401 N SANTA MONICA BLVD MILWAUKEE,WI53217	N/A		OPERATING SUPPORT	1,000
BADER HILLEL HIGH SCHOOL 6789 N GREEN BAY AVE GLENDALE,WI53209	N/A		OPERATING SUPPORT	1,000
BLOSSOM IDD PO BOX 72047 CEDARBURG,WI53012	N/A		OPERATING SUPPORT	2,000
BONNET HOUSE MUSEUM & GARDENS 900 N BIRCH RD FT LAUDERDALE,FL33304	N/A		OPERATING SUPPORT	1,000
BROWARD PERFORMING ARTS FOUNDATION 201 SW 5TH AVE FT LAUDERDALE,FL33312	N/A		CAPITAL CAMPAIGN PLEDGE FULFILLMENT	100,000
CAMP THUNDERBIRD CHARITABLE FOUNDATION P O BOX 21246 MINNEAPOLIS,MN55421	N/A		OPERATING SUPPORT	5,000
CHABAD ON CAMPUS 3054 N HACKETT AVE MILWAUKEE,WI53211	N/A		OPERATING SUPPORT	7,500
CONGREGATION SHALOM 7630 N SANTA MONICA BLVD FOX POINT,WI53217	N/A		SECURITY & OPERATING SUPPORT	11,000
FOX POINT BAYSIDE EDUCATIONAL FOUNDATION 7300 N LOMBARDY RD FOX POINT,WI53217	N/A		OPERATING SUPPORT	1,000
FUNDING ARTS BROWARD 1350 E SUNRISE BLVD 110 FT LAUDERDALE,FL33304	N/A		OPERATING SUPPORT & EVENT SPONSORSHIP	17,500
GIRLS ON THE RUN 5775 N GLEN PARK RD SUITE 203 MILWAUKEE,WI53209	N/A		OPERATING SUPPORT	1,000
HABITAT FOR HUMANITY 3726 N BOOTH ST MILWAUKEE,WI53212	N/A		OPERATING SUPPORT	2,500
HEAR WISCONSIN 10243 W NATIONAL AVE WEST ALLIS,WI53227	N/A		OPERATING SUPPORT	10,000
HILLEL MILWAUKEE 3053 N STOWELL AVE MILWAUKEE,WI53211	N/A		UWM STUDENTS	3,600
HOPE STRAPS 2800 W RANGE LINE CT MEQUON,WI53092	N/A		OPERATING SUPPORT	1,000
JACK MILLER CENTER 3 BALA PLAZA WEST SUITE 401 BALA CYNWYD,PA19004	N/A		OPERATING SUPPORT	2,500
JEWISH BEGINNINGS 6791 N GREEN BAY RD MILWAUKEE,WI53209	N/A		OPERATING SUPPORT	17,000
JEWISH COMMUNITY CENTER 6255 N SANTA MONICA BLVD MILWAUKEE,WI53217	N/A		RAINBOW DAY CAMP, FOOD PANTRY & EVENT SPONSOR	3,500
JEWISH HOME & CARE CTR FOUNDATION 1414 N PROSPECT AVE MILWAUKEE,WI53202	N/A		OPERATING SUPPORT	10,000
JOURNEY HOUSE 2110 W SCOTT ST MILWAUKEE,WI53204	N/A		OPERATING SUPPORT	3,000
JOY ENGINE 1100 S 5TH ST MILWAUKEE,WI53204	N/A		OPERATING SUPPORT	2,000
KIDS IMPACT COMMUNITY PO BOX 170694 MILWAUKEE,WI53217	N/A		OPERATING SUPPORT	3,000
LIGHTHOUSE OF BROWARD 5901 DEL LAGO CIRCLE SUNRISE,FL33313	N/A		OPERATING SUPPORT	5,000
LUBAVITCH OF WISCONSIN 6791 N GREEN BAY AVE MILWAUKEE,WI53209	N/A		SECURITY & EVENT SPONSORSHIP	5,800
MARCUS CENTER FOR PERFORMING ARTS 929 N WATER ST MILWAUKEE,WI53202	N/A		CAPITAL CAMPAIGN PLEDGE FULFILLMENT	50,000
MILWAUKEE ART MUSEUM 750 N LINCOLN MEMORIAL DR MILWAUKEE,WI53202	N/A		OPERATING SUPPORT	6,000
MILWAUKEE BALLET 128 N JACKSON ST MILWAUKEE,WI53202	N/A		CAPITAL PLEDGE FULFILLMENT & PROGRAM (DANCER)	20,000
MILWAUKEE CHAMBER THEATRE 158 N BROADWAY 5TH FL MILWAUKEE,WI53202	N/A		OPERATING SUPPORT	5,000
MILWAUKEE INSTITUTE OF ART & DESIGN 273 E ERIE ST MILWAUKEE,WI53202	N/A		OPERATING SUPPORT	11,000
MILWAUKEE JEWISH FEDERATION 1360 N PROSPECT AVE STE 1 MILWAUKEE,WI53202	N/A		SECURITY & OPERATING SUPPORT	10,000
MILWAUKEE PARKS FOUNDATION 1531 W VLIET ST MILWAUKEE,WI53205	N/A		OPERATING SUPPORT	3,000
MILWAUKEE PUBLIC MUSEUM 800 W WELLS ST MILWAUKEE,WI53233	N/A		CAPITAL PLEDGE FULFILLMENT & PROGRAM (DANCER)	51,000
MILWAUKEE REPERTORY THEATER 108 E WELLS ST MILWAUKEE,WI53202	N/A		CAPITAL PLEDGE FULFILLMENT	50,000
MILWAUKEE URBAN STABLES 143 E LINCOLN AVE SUITE 100 MILWAUKEE,WI53207	N/A		OPERATING SUPPORT	1,000
MILWAUKEE YOUTH SYMPHONY ORCHESTRA 325 W WALNUT ST MILWAUKEE,WI53212	N/A		PROGRAM SUPPORT	24,000
NICOLET HIGH SCHOOL FOUNDATION 6701 N JEAN NICOLET RD GLENDALE,WI53217	N/A		OPERATING SUPPORT	1,500
NORTHSHORE LIBRARY 9075 N REGENT ST BAYSIDE,WI53217	N/A		CAPITAL CAMPAIGN PLEDGE FULFILLMENT	50,000
PELZ HOLOCAUST EDUCATION RESOURCE CENTER 1360 N PROSPECT AVE MILWAUKEE,WI53202	N/A		OPERATING SUPPORT	500
RENAISSANCE THEATERWORKS 255 S WATER ST MILWAUKEE,WI53204	N/A		OPERATING SUPPORT	2,500
SCHLITZ AUDUBON CENTER 1111 E BROWN DEER RD MILWAUKEE,WI53217	N/A		OPERATING SUPPORT	5,000
SECURE FUTURES 710 N PLANKINTON AVE 1400 MILWAUKEE,WI53203	N/A		OPERATING SUPPORT	1,000
ST FRANCIS CHILDREN'S CENTER 6700 N PORT WASHINGTON RD MILWAUKEE,WI53217	N/A		OPERATING SUPPORT	3,000
TEMPO 275 W WISCONSIN AVE SUITE 260 MILWAUKEE,WI53203	N/A		OPERATING SUPPORT	500
THE SHUL BAYSIDE 8825 N LAKE DRIVE MILWAUKEE,WI53217	N/A		OPERATING SUPPORT	2,500
UNITED COMMUNITY CENTER 1028 S NINTH ST MILWAUKEE,WI53204	N/A		PROGRAM SUPPORT	6,000
UNIVERSITY OF WISCONSIN-MILWAUKEE FOUNDATION 1440 E NORTH AVE MILWAUKEE,WI53202	N/A		PROGRAM SUPPORT	2,000
URBAN ECOLOGY CENTER 1500 E PARK PLACE MILWAUKEE,WI53211	N/A		OPERATING SUPPORT	1,000
VENETIAN ARTS SOCIETY PO BOX 2114 FORT LAUDERDALE,FL33301	N/A		OPERATING SUPPORT	3,000
VISION FORWARD 912 N HAWLEY RD MILWAUKEE,WI53213	N/A		CAPITAL CAMPAIGN PLEDGE FULFILLMENT	100,000
ZOOLOGICAL SOCIETY OF MILWAUKEE COUNTY 10005 W BLUEMOUND RD MILWAUKEE,WI53226	N/A		CAPITAL CAMPAIGN PLEDGE FULFILLMENT, PROGRAM & OPERATING SUPPORT	119,350
Total ................................. 3a				753,750

bApproved for future payment
NORTHSHORE LIBRARY 9075 N REGENT ST BAYSIDE,WI53217	N/A	CAPITAL CAMPAIGN PLEDGE	50,000
VISION FORWARD 912 N HAWLEY RD MILWAUKEE,WI53213	N/A	CAPITAL CAMPAIGN PLEDGE	400,000
Total ................................. 3b			450,000

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	386,832
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	514,172
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		901,004	0

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

901,004

(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

- TIN:

Schedule B
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

Name of the organization

PECK FOUNDATION MILWAUKEE LTD

Employer identification number

39-1519687

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

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

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

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

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 2025) Page 2

Name of organization PECK FOUNDATION MILWAUKEE LTD

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	MIRIAM PECK 2200 S OCEAN LANE FT LAUDERDALE, FL33316	$ 1,123,784	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 3

Name of organization PECK FOUNDATION MILWAUKEE LTD		Employer identification number 39-1519687

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	ASSETS AS BENEFICIARY OF MIRIAM PECK IRA AND PECK CHARITABLE REMAINDER TRUST	$ 1,123,784	2025-07-30
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 4


Name of organization PECK FOUNDATION MILWAUKEE LTD			Employer identification number 39-1519687
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2025 AccountingFeesSchedule

Name:

PECK FOUNDATION MILWAUKEE LTD

EIN:

39-1519687

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	12,497	6,249		6,249

- TIN:

TY 2025 InvestmentsCorpBondsSchedule

Name:

PECK FOUNDATION MILWAUKEE LTD

EIN:

39-1519687

Name of Bond	End of Year Book Value	End of Year Fair Market Value
COLGATE PALMOLIVE BOND	24,790	24,790
IBM BOND	35,191	35,191
INTERCONTINENTAL EXCH BOND	25,077	25,077
PAYPAL BOND	25,051	25,051
PHILIP MORRIS BOND	30,293	30,293
PROGRESSIVE BOND	24,613	24,613
STATE STREET BOND	4,906	4,906
AMERICAN HONDA BOND	19,164	19,164
ANALOG DEVICES BOND	23,605	23,605
JOHNSON & JOHNSON BOND	30,569	30,569
NVIDIA CORP BOND	23,773	23,773
PUBLIC STORAGE BOND	23,684	23,684
SALESFORCE.COM BOND	23,695	23,695
TRUIST FINL CORP BOND	25,066	25,066
BANK OF AMERICA BOND	30,754	30,754
BANK OF NY MELLON BOND	31,862	31,862
INTEL BOND	24,759	24,759
SIMON PPTY BOND	18,919	18,919
ALPHABET BOND	35,102	35,102
BRISTOL MYERS BOND	17,741	17,741
CATERPILLAR BOND	25,858	25,858
DISNEY BOND	19,843	19,843
MORGAN STANLEY BOND	25,655	25,655
PROCTER & GAMBLE BOND	35,211	35,211
S&P GLOBAL INC BOND	17,597	17,597
WALMART BOND	35,601	35,601
COMCAST BOND	17,840	17,840
ERP OPERATING BOND	22,077	22,077
GENERAL DYNAMICS BOND	18,208	18,208
HONEYWELL BOND	21,880	21,880
NSTAR ELECTRIC BOND	22,054	22,054
SCHWAB BOND	18,122	18,122
US BANCORP BOND	30,838	30,838
AMAZON BOND	24,274	24,274
APPLE BOND	35,834	35,834
ARCHER DANIELS BOND	23,017	23,017
BERKSHIRE HATHAWAY BOND	23,334	23,334
CHEVRON BOND	35,377	35,377
CME GROUP BOND	22,884	22,884
HOME DEPOT BOND	25,336	25,336
META BOND	40,376	40,376
PFIZER BOND	40,140	40,140
STANLEY BLACK & DECKER BOND	22,662	22,662
AMERIPRISE BOND	31,219	31,219
CISCO SYSTEMS BOND	36,086	36,086
COCA-COLA BOND	36,515	36,515
TOYOTA MOTOR CR BOND	35,744	35,744
UNITEDHEALTH BOND	25,652	25,652
AMERICAN EXPRESS BOND	30,966	30,966
BLACKROCK FDG BOND	25,567	25,567
GOLDMAN SACHS BOND	30,212	30,212
JPMORGAN CHASE BOND	10,334	10,334
JPMORGAN CHASE BOND	10,673	10,673
MASTERCARD BOND	30,050	30,050
NOVARTIS BOND	34,756	34,756
PEPSICO BOND	30,931	30,931
TARGET BOND	36,012	36,012
19459 SH MFB NORTHERN FUNDS BD INDEX	181,745	181,745
60043 SH MFO BLACKROCK HI YIELD BOND	433,514	433,514
19042 SH MFO DOUBLELINE FIXED INCOME	178,042	178,042
WESTPAC BOND	23,727	23,727
BANK MONTREAL BOND	30,768	30,768
ROYAL BANK CANADA BOND	25,624	25,624
CANADIAN IMPERIAL BOND	25,800	25,800
BANK OF NOVA SCOTIA BOND	30,366	30,366
UNILEVER BOND	35,307	35,307
CORPORATE BOND - ACCRUED VALUE EOY	22,534	22,534

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

PECK FOUNDATION MILWAUKEE LTD

EIN:

39-1519687

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3496 SH ADEIA INC	60,306	60,306
830 SH AMDOCS LTD	66,823	66,823
2730 SH ANTERO MIDSTREAM CORP	48,567	48,567
839 SH AZZ INC	89,924	89,924
351 SH BJS WHOLESALE CLUB	31,601	31,601
219 SH CIENA CORP	51,217	51,217
320 SH CROCS INC	27,366	27,366
635 SH CULLEN FROST BANKERS	80,410	80,410
1069 SH EVERUS CONSTR GR	91,464	91,464
2464 SH EXELIXIS INC	107,997	107,997
416 SH FEDERAL AGRIC MTG	73,037	73,037
605 SH GRAND CANYON ED	100,618	100,618
638 SH GRIFFON CORP	46,989	46,989
1269 SH HAEMONETICS CORP	101,710	101,710
659 SH ICF INT'L	56,213	56,213
291 SH INTERDIGITAL INC	92,649	92,649
271 SH JONES LANG LASALLE	91,183	91,183
1217 SH LAZARD INC	59,098	59,098
5129 SH LIMONEIRA CO	64,754	64,754
778 SH LOUISIANA PAC CORP	62,831	62,831
4021 SH MDU RES GROUP	78,490	78,490
223 SH MSA SAFETY INC	35,711	35,711
721 SH PINNACLE WEST CAP	63,953	63,953
621 SH PLEXUS CORP	91,287	91,287
502 SH QUEST DIAGNOSTICS	87,112	87,112
1822 SH RANGE RES CORP	64,244	64,244
1304 SH SKYWARD SPECIALTY	66,647	66,647
424 SH STIFEL FINL CORP	53,093	53,093
1503 SH SYNOVUS FINL CORP	75,225	75,225
1034 SH TECNOGLASS INC	52,031	52,031
151 SH VALMONT INSTRS INC	60,750	60,750
3202 SH VEECO INSTRS INC	91,513	91,513
788 SH WESTERN ALLIANCE BNC	66,247	66,247
1645 SH NNN REIT INC	65,191	65,191
1001 SH AGNICO EAGLE MINES LTD F	169,700	169,700
826 SH ALPHABET INC	258,538	258,538
385 SH AMERICAN ELEC PWR CO INC	44,394	44,394
2559 SH AMRIZE LTD	138,391	138,391
467 SH APOLLO GLOBAL MGMT INC N	67,603	67,603
95 SH ASML HOLDING	101,637	101,637
348 SH BERKSHIRE HATHAWAY	174,922	174,922
1584 SH CAMECO CORP F	144,920	144,920
473 SH CAPITAL ONE FIN CORP	114,636	114,636
1401 SH CHARLES SCHWAB CORP	139,974	139,974
262 SH CONSTELLATION ENERGY COR	92,557	92,557
1967 SH CORNING INC	172,230	172,230
868 SH DUPONT DE NEMOURS INC	34,894	34,894
575 SH EOG RES INC	60,381	60,381
1582 SH EQT CORP	84,795	84,795
1765 SH EXELON CORP	76,936	76,936
360 SH FIRST SOLAR INC	94,043	94,043
1270 SH HOLOGIC INC	94,602	94,602
745 SH INTERCONTINENTAL EXCHANG	120,660	120,660
1187 SH LAUDER ESTEE COS INC	124,303	124,303
387 SH L3HARRIS TECHNOLOGIES IN	113,611	113,611
456 SH MORGAN STANLEY	80,954	80,954
754 SH NESTLE S A F	74,480	74,480
1254 SH NIKE INC	79,892	79,892
651 SH OTIS WORLDWIDE CORP	56,865	56,865
535 SH OWENS CORNING NEW	59,872	59,872
918 SH PACCAR INC	100,530	100,530
881 SH PHILLIPS 66	113,684	113,684
768 SH PNC FINL SERVICES	160,305	160,305
258 SH PROGRESSIVE CORP OH	58,752	58,752
434 SH QNITY ELECTRONICS INC	35,436	35,436
491 SH STERIS PLC F	124,478	124,478
175 SH THERMO FISHER SCIENTIFIC	101,404	101,404
849 SH UNILEVER PLC	55,525	55,525
362 SH UNION PAC CORP	83,738	83,738
261 SH ZEBRA TECHNOLOGIES CORP	63,376	63,376
551 SH CROWN CASTLE INC	48,967	48,967
179 SH ISHARES CORE S&P 500	122,604	122,604
33 SH LINDE PLC	14,071	14,071
6 SH MERCADOLIBRE INC	12,085	12,085
33024 SH MFB NORTHERN FUNDS STOCK INDX	2,249,579	2,249,579
8758 SH MFC ISHARES GLOBAL	537,391	537,391
1286 SH MFC ISHARES RUSSELL 1000	608,664	608,664
9503 SH MFO DFA US VALUE	535,112	535,112
165 SH PHILLIP MORRIS INTL	26,466	26,466
195 SH SMURFIT WESTROCK	7,541	7,541
57 SH WASTE CONNECTIONS	9,995	9,995
27 SH AON PLC	9,528	9,528
177 SH ARCH CAPITAL GROUP	16,978	16,978
360 SH CARNIVAL CORP	10,995	10,995
61 SH FERGUSON ENTERPRISES	13,580	13,580
72 SH SEAGATE TECHNOLOGY HLDG	19,828	19,828
123 SH ANHEUSER BUSCH INBEV	7,877	7,877
67 SH BARRICK MINING CORP	2,918	2,918
306 SH CANADIAN NATIONAL	10,358	10,358
351 SH CANADIAN PACIFIC	25,844	25,844
92 SH SHOPIFY INC	14,809	14,809
362 SH NOVO-NORDISK	18,418	18,418
6664 SH ALSTOM ADR	19,392	19,392
62 SH ARCELORMITTAL NY	2,825	2,825
280 SH BNP PARIBAS	13,272	13,272
263 SH CAPGEMINI SE	8,758	8,758
536 SH COMPAGNIE DE ST GOBAIN	10,923	10,923
752 SH KERING SA	26,448	26,448
20 SH LVMH MOET HENNESSY	3,016	3,016
294 SH SAFRAN ADR	25,593	25,593
180 SH SANOFI ADR	8,723	8,723
391 SH SOCIETE GENERALE FR	6,314	6,314
43 SH DAIMLER TRUCK HLDG	944	944
143 SH DEUTSCHE BK AG	5,514	5,514
423 SH DEUTSCHE BOERSE	11,121	11,121
306 SH DEUTSCHE TELEKOM	10,006	10,006
155 SH E ON SE SPONSORED ADR	2,936	2,936
232 SH INFINEON TECH	10,203	10,203
29 SH RHEINMETALL ADR	10,599	10,599
137 SH SAP SE	33,279	33,279
380 SH SIEMENS ENERGY	53,257	53,257
6846 SH VANGUARD FTSE DEV MKTS	427,670	427,670
728 SH ENEL SOCIETA	4,443	4,443
29 SH FERRARI	10,717	10,717
225 SH UNICREDIT SP	9,331	9,331
673 SH FANUC CORP	13,103	13,103
258 SH KDDI CORP	4,461	4,461
1110 SH MITSUBISHI HEAVY IND	26,895	26,895
155 SH MURATA MFG CO	1,597	1,597
913 SH NINTENDO LTD	15,393	15,393
2268 SH RENASAS ELECTRONICS	15,422	15,422
584 SH SMC CORP	10,077	10,077
394 SH SOMPO HOLDINGS	6,663	6,663
197 SH SUMIMOTO MITSUI FINL GR	3,808	3,808
963 SH ADYEN NV	15,379	15,379
466 SH AKZO NOBEL	10,788	10,788
20 SH ASM INT'L	12,069	12,069
25 SH ASML HOLDING	26,747	26,747
213 SH HEINEKEN	8,690	8,690
150 SH ING GROEP	4,200	4,200
358 SH KONINKLIJKI PHILIPS	9,695	9,695
219 SH SEA LTD ADR	27,938	27,938
87 SH UNITED OVERSEAS	4,736	4,736
477 SH HEXAGON AB	5,600	5,600
32 SH SPOTIFY TECHNOLOGY	18,583	18,583
301 SH ROCHE HOLDINGS	15,522	15,522
396 SH UBS GROUP AG	18,339	18,339
374 SH ASTRAZENECA PLC	34,382	34,382
311 SH BAE SYS PLC	28,886	28,886
599 SH BARCLAYS PLC	15,244	15,244
302 SH BERKELEY GROUP	3,298	3,298
278 SH BP PLC	9,655	9,655
81 SH BRIT AMERN	4,586	4,586
99 SH DIAGEO PLC	8,541	8,541
230 SH EXPERIAN PLC	10,389	10,389
116 SH NATIONAL GRID PLC	8,972	8,972
2556 SH NATWEST GROUP	4,480	4,480
251 SH PRUDENTIAL	7,811	7,811
926 SH RECKITT BNCKISER	15,020	15,020
209 SH RELX PLC	8,448	8,448
3236 SH ROLLS ROYCE HOLDINGS	50,870	50,870
97 SH SMITH & NEPHEW GROUP	3,183	3,183
55 SH SMITHS GROUP	1,769	1,769
124 SH STANDARD CHARTERED PLC	6,133	6,133
1656 SH 3I GROUP ADR	18,034	18,034
938 SH NU HOLDINGS	15,702	15,702
338 SH TENCENT HOLDINGS	25,874	25,874
18641 SH MFO DFA INVT DIMENSIONS	542,070	542,070
1118 SH EUROBANK ERGASIAS	2,647	2,647
460 SH ICICI BK LTD	13,708	13,708
102 SH PT BANK MANDIRI	1,253	1,253
51 SH MONDAY COM LTD	7,526	7,526
662 SH COUPANG INC	15,616	15,616
70 SH SHIHAN FINL GROUP	3,754	3,754
129 SH PJSC LUKOIL	898	898
158 SH TAIWAN SEMICONDUCTOR	48,015	48,015
STOCKS - ACCRUED VALUE EOY	817	817

- TIN:

TY 2025 InvestmentsGovtObligationsSch

Name:

PECK FOUNDATION MILWAUKEE LTD

EIN:

39-1519687

US Government Securities - End of Year Book Value:

1,233,468

US Government Securities - End of Year Fair Market Value:

1,233,468

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

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

- TIN:

TY 2025 InvestmentsOtherSchedule2

Name:

PECK FOUNDATION MILWAUKEE LTD

EIN:

39-1519687

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ISRAEL BOND	FMV	99,936	99,936
ISRAEL BOND	FMV	99,842	99,842
4666 SH MFC FLEXSHARES GLOBAL	FMV	213,936	213,936
ISRAEL BOND - ACCRUED VALUE EOY	FMV	1,713	1,713

- TIN:

TY 2025 OtherExpensesSchedule

Name:

PECK FOUNDATION MILWAUKEE LTD

EIN:

39-1519687

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MISCELLANEOUS	468	0		468

- TIN:

TY 2025 OtherIncreasesSchedule

Name:

PECK FOUNDATION MILWAUKEE LTD

EIN:

39-1519687

Description	Amount
UNREALIZED G/L ON INVESTMENTS	1,199,313

- TIN:

TY 2025 OtherProfessionalFeesSchedule

Name:

PECK FOUNDATION MILWAUKEE LTD

EIN:

39-1519687

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	87,870	87,870		0

- TIN:

TY 2025 TaxesSchedule

Name:

PECK FOUNDATION MILWAUKEE LTD

EIN:

39-1519687

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	939	939		0
INCOME TAXES	17,213	0		0