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
PENDLETON SARA J CHAR TR-MAIN

Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 505 MAC H0006-092
Room/suite

City or town
SAINT LOUIS

State or province
MO

Country

ZIP or foreign postal code
63166

A Employer identification number

32-6574088

B Telephone number (see instructions)

8887304933

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)$14,441,102J 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...	296,060		283,069
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		526,942
b	Gross sales price for all assets on line 6a 2,970,616
7	Capital gain net income (from Part IV, line 2)...			526,942
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).......
12	Total. Add lines 1 through 11........	823,002		810,011
13	Compensation of officers, directors, trustees, etc.	119,916		89,937		29,979
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	1,537	0	0	1,537
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	88,023	30,423		57,600
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	27,680	15,475		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	3,404	3,404
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	240,560		139,239	0	89,116
25	Contributions, gifts, grants paid.......	640,000				640,000
26	Total expenses and disbursements. Add lines 24 and 25 ................	880,560		139,239	0	729,116
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-57,558
b	Net investment income (if negative, enter -0-)			670,772
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.........	1,019,885	517,267	517,267
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	5,410,449	List of Attached Documents: // Content 5,999,910	9,928,278
	c	Investments—corporate bonds (attach schedule).......	797,623	List of Attached Documents: // Content 793,001	771,424
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,784,703	List of Attached Documents: // Content 2,685,732	3,224,133
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	10,012,660	9,995,910	14,441,102
	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........	10,012,660	9,995,910
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	10,012,660	9,995,910
	30	Total liabilities and net assets/fund balances (see instructions).	10,012,660	9,995,910

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

10,012,660

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

-57,558

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

List of Attached Documents:

// Content

65,856

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

10,020,958

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

List of Attached Documents:

// Content

25,048

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

9,995,910

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	201. CONTINENTAL AG-SPONS ADR		2024-02-12	2025-01-06
b	431. CONTINENTAL AG-SPONS ADR		2023-07-31	2025-01-06
c	121. IMPERIAL BRANDS PLC-SPON ADR		2023-07-31	2025-01-06
d	3. KAO CORP ADR		2024-06-06	2025-01-06
e	338. KAO CORP ADR		2023-07-31	2025-01-06
	292. TESCO PLC ADR		2023-07-31	2025-01-06
	29. AUTODESK INC			2025-01-17
	38. COSTAR GROUP, INC			2025-01-17
	8. HILTON WORLDWIDE HOLDINGS IN		2024-08-08	2025-01-17
	15. MICROCHIP TECHNOLOGY INC COM		2024-11-15	2025-01-17
	6. MICROCHIP TECHNOLOGY INC COM		2023-10-03	2025-01-17
	3. ANSYS INC		2024-11-27	2025-01-29
	6. AUTODESK INC		2022-09-15	2025-01-29
	36. BROOKFIELD CORP		2023-06-07	2025-01-29
	11. BROOKFIELD INFRASTRUCTURE CORP NEW		2024-11-15	2025-01-29
	23. BROOKFIELD INFRASTRUCTURE CORP NEW			2025-01-29
	3. DOMINOS PIZZA INC		2022-04-27	2025-01-29
	28. KKR & CO INC -A		2020-06-15	2025-01-29
	1. MARKEL HOLDINGS		2019-06-10	2025-01-29
	29. MICROCHIP TECHNOLOGY INC COM		2024-11-15	2025-01-29
	82. MICROCHIP TECHNOLOGY INC COM		2020-06-15	2025-01-29
	1. O'REILLY AUTOMOTIVE INC		2020-06-15	2025-01-29
	6. PROGRESSIVE CORP OHIO		2020-06-15	2025-01-29
	32. SBA COMMUNICATIONS CORP			2025-01-29
	14. ARCH CAPITAL GROUP LTD			2025-01-29
	15000. US TREASURY NOTE 2.250% 8/15/27		2022-10-27	2025-01-30
	53. CONTINENTAL AG-SPONS ADR		2024-06-06	2025-02-04
	396. CONTINENTAL AG-SPONS ADR		2023-07-31	2025-02-04
	122. IMPERIAL BRANDS PLC-SPON ADR		2023-07-31	2025-02-04
	38. NOVARTIS AG - ADR		2023-07-31	2025-02-04
	116. KONINKLIJKE AHOLD-SP ADR		2024-10-15	2025-02-05
	894. AMBEV SA-SPN ADR		2024-07-16	2025-02-11
	2411. AMBEV SA-SPN ADR			2025-02-11
	14. AUTODESK INC		2022-09-15	2025-02-11
	19. COSTAR GROUP, INC			2025-02-11
	3. GARTNER INC			2025-02-11
	27. KKR & CO INC -A		2020-06-15	2025-02-11
	205. MICROCHIP TECHNOLOGY INC COM			2025-02-11
	11. VERALTO CORP		2024-08-08	2025-02-11
	31. VERISIGN INC COM			2025-02-11
	81.5 MILLROSE PROPERTIES INC			2025-02-12
	49.5 MILLROSE PROPERTIES INC		2025-02-07	2025-02-12
	65. ENN ENERGY HOLDINGS-UNSP ADR		2024-04-09	2025-02-14
	144. ENN ENERGY HOLDINGS-UNSP ADR			2025-02-14
	10000. FED FARM CREDIT BK 5.080% 8/14/28		2024-09-05	2025-02-14
	12423.582 INV OPP DEVELOP MRKTS-R6 7038			2025-02-19
	22727.273 TCW EMRG MRKTS INC-PLAN #5721			2025-02-19
	31. AUTODESK INC			2025-02-26
	42. MICROCHIP TECHNOLOGY INC COM		2019-06-10	2025-02-26
	29. ALPHABET INC CL C		2022-09-15	2025-02-27
	258. CELANESE CORP			2025-02-27
	559. CISCO SYSTEMS INC			2025-02-27
	4. ELI LILLY & CO COM		2019-06-10	2025-02-27
	372. MERCK & CO INC NEW			2025-02-27
	10. VISA INC-CLASS A SHRS		2023-02-09	2025-02-27
	22. GARMIN LTD			2025-02-27
	6. BOOKING HOLDINGS INC			2025-03-03
	18. CORPAY INC			2025-03-03
	274. FORTUNE BRANDS INNOVATIONS INC			2025-03-03
	49. MORGAN STANLEY		2024-04-03	2025-03-03
	19. MORGAN STANLEY		2020-09-28	2025-03-03
	57. ACCENTURE PLC			2025-03-03
	90. ALPHABET INC CL C			2025-03-04
	12. META PLATFORMS INC		2024-03-25	2025-03-04
	7. META PLATFORMS INC		2023-02-09	2025-03-04
	48. UNITED PARCEL SERVICE-CL B			2025-03-04
	692. BANCO SANTANDER CEN-SPON - ADR		2025-02-24	2025-03-11
	105. ASPEN TECHNOLOGY INC			2025-03-11
	82. IMPERIAL BRANDS PLC-SPON ADR		2025-02-24	2025-03-11
	25. IMPERIAL BRANDS PLC-SPON ADR		2023-07-31	2025-03-11
	152. KONINKLIJKE AHOLD-SP ADR			2025-03-11
	856. LLOYDS BANKING GROUP PLC - ADR		2025-02-24	2025-03-11
	14. NOVARTIS AG - ADR		2025-02-24	2025-03-11
	18. NOVARTIS AG - ADR		2023-07-31	2025-03-11
	172. WH GROUP LTD - SPON ADR			2025-03-12
	39. WH GROUP LTD - SPON ADR		2024-02-12	2025-03-12
	10000. CHEVRON CORP 1.554% 5/11/25		2020-06-15	2025-03-13
	1. FAIR ISSAC, INC		2024-11-27	2025-03-13
	4. HEICO CORP CL A		2025-01-17	2025-03-13
	2. TRANSDIGM GROUP INC		2024-12-18	2025-03-13
	688. BANCO BILBAO VIZCAYA ARGENT- ADR		2020-07-09	2025-03-18
	553. INFINEON TECHNOLOGIES AG - ADR			2025-03-18
	5. META PLATFORMS INC		2023-11-29	2025-03-21
	44. OKTA INC			2025-03-21
	137. ALPHABET INC CL C		2020-06-16	2025-03-26
	21. APPLE INC			2025-03-26
	22. BLACKSTONE INC		2023-03-20	2025-03-26
	21. BROADCOM INC		2020-06-16	2025-03-26
	167. CITIGROUP INC.		2020-08-28	2025-03-26
	38. JPMORGAN CHASE & CO			2025-03-26
	288. REGIONS FINL CORP NEW			2025-03-26
	146. SUNCOR ENERGY INC NEW F		2022-09-15	2025-03-26
	125. TARGET CORP		2019-06-10	2025-03-26
	76. TOTAL S.A. - ADR		2024-06-11	2025-03-26
	64. TOTAL S.A. - ADR		2023-12-18	2025-03-26
	14. WASTE MANAGEMENT INC		2023-12-18	2025-03-26
	102. CARMAX INC			2025-03-27
	22. COSTAR GROUP, INC			2025-03-27
	3. DOMINOS PIZZA INC			2025-03-27
	1. FAIR ISSAC, INC		2024-11-27	2025-03-27
	3. GARTNER INC		2024-07-08	2025-03-27
	7. HEICO CORP CL A			2025-03-27
	5. HEICO CORP CL A		2022-09-15	2025-03-27
	3. O'REILLY AUTOMOTIVE INC		2020-06-15	2025-03-27
	1. TRANSDIGM GROUP INC		2024-12-18	2025-03-27
	30000. US TREASURY NOTE 2.625% 3/31/25			2025-03-31
	28. META PLATFORMS INC		2023-02-09	2025-04-08
	6. ELI LILLY & CO COM		2019-06-10	2025-04-08
	16. VISA INC-CLASS A SHRS			2025-04-08
	31. GARMIN LTD		2020-10-26	2025-04-08
	2. MOODYS CORP		2024-11-15	2025-04-14
	1. MOODYS CORP		2020-06-15	2025-04-14
	1. TRANSDIGM GROUP INC		2024-12-18	2025-04-14
	96. ALLIANZ SE - UNSP ADR		2025-02-24	2025-04-16
	430. BANCO SANTANDER CEN-SPON - ADR		2025-02-24	2025-04-16
	113. BANCO SANTANDER CEN-SPON - ADR		2023-07-31	2025-04-16
	141. ENN ENERGY HOLDINGS-UNSP ADR		2024-04-09	2025-04-16
	233. KAO CORP ADR		2025-02-24	2025-04-16
	203. KAO CORP ADR		2023-07-31	2025-04-16
	84. KONINKLIJKE AHOLD-SP ADR		2024-04-23	2025-04-16
	328. SHIMANO INC-UNSPON ADR		2022-10-03	2025-04-16
	207. WH GROUP LTD - SPON ADR			2025-04-16
	36. UNITED PARCEL SERVICE-CL B		2024-09-25	2025-04-24
	163. UNITED PARCEL SERVICE-CL B		2019-06-10	2025-04-24
	46. CARMAX INC		2022-09-15	2025-04-29
	3. COPART INC COM		2024-09-25	2025-04-29
	36. COPART INC COM		2022-09-15	2025-04-29
	1. FAIR ISSAC, INC		2024-10-29	2025-04-29
	1. GARTNER INC		2024-07-08	2025-04-29
	3. GARTNER INC		2023-12-26	2025-04-29
	1. MARKEL HOLDINGS		2019-06-10	2025-04-29
	8. PROGRESSIVE CORP OHIO		2020-06-15	2025-04-29
	10000. SUNTRUST BANKS INC 4.000% 5/01/25		2021-08-25	2025-05-01
	69. ALLIANZ SE - UNSP ADR		2020-07-09	2025-05-02
	15. JPMORGAN CHASE & CO		2020-06-22	2025-05-12
	186. MANULIFE FINANCIAL CORP		2020-08-28	2025-05-12
	85. UNILEVER PLC - ADR		2024-03-25	2025-05-12
	19. WASTE MANAGEMENT INC			2025-05-12
	10000. ABBVIE INC 3.600% 5/14/25		2020-06-15	2025-05-14
	124. CARMAX INC			2025-05-19
	7. LIBERTY MEDIA CORP-LIBERTY FOR		2024-05-30	2025-05-19
	5. LIBERTY MEDIA CORP-LIBERTY FOR		2022-06-24	2025-05-19
	99. MITSUBISHI ELECTRIC-UNSP ADR		2025-02-24	2025-05-19
	1. O'REILLY AUTOMOTIVE INC		2020-06-15	2025-05-19
	106. SINGAPORE TELECOMMUNICATIONS LTD ADR		2025-02-24	2025-05-19
	97. SINGAPORE TELECOMMUNICATIONS LTD ADR		2023-07-31	2025-05-19
	230. WH GROUP LTD - SPON ADR		2023-07-31	2025-05-19
	36. NOVARTIS AG - ADR		2023-07-31	2025-05-21
	18. EMCOR GROUP INC COM		2020-07-09	2025-05-23
	25. RBC BEARINGS INC			2025-05-28
	40. ALPHABET INC CL C		2025-03-03	2025-06-02
	23. ALPHABET INC CL C		2022-09-15	2025-06-02
	52. BOSTON SCIENTIFIC CORP COM			2025-06-02
	98. CONSTELLATION BRANDS INC			2025-06-02
	48. INTERCONTINENTAL EXCHANGE INC		2020-09-28	2025-06-02
	11. NETFLIX.COM INC			2025-06-02
	13. BROWN & BROWN INC		2022-09-15	2025-06-17
	48. CARMAX INC		2019-06-10	2025-06-17
	2. GARTNER INC		2023-09-19	2025-06-17
	13. HEICO CORP CL A		2022-09-15	2025-06-17
	11. PROGRESSIVE CORP OHIO		2020-06-15	2025-06-17
	1. TRANSDIGM GROUP INC		2024-12-18	2025-06-17
	20. ALPHABET INC CL C		2020-06-16	2025-06-25
	147. HITACHI LIMITED - ADR		2025-02-24	2025-06-25
	692. KAO CORP ADR			2025-06-25
	36. LAM RESH CORP			2025-06-25
	9. MITSUBISHI ELECTRIC-UNSP ADR		2025-02-24	2025-06-25
	137. MITSUBISHI ELECTRIC-UNSP ADR			2025-06-25
	29. RTX CORP		2025-03-04	2025-06-25
	202. SINGAPORE TELECOMMUNICATIONS LTD ADR			2025-06-25
	31. UNITEDHEALTH GROUP INC			2025-06-25
	236. WH GROUP LTD - SPON ADR		2023-07-31	2025-06-25
	10000. FED FARM CREDIT BK 4.620% 4/28/27		2025-02-14	2025-07-01
	603.865 COHEN & STEERS INSTL RLTY SHRS 1263		2020-06-03	2025-07-03
	55.531 FIDELITY 500 INDEX FD-AI #2328		2019-06-10	2025-07-03
	7183.908 VANGUARD SHORT TERM-INVEST GRD #539		2024-02-08	2025-07-03
	142.211 VANGUARD MID CAP INDEX-ADM 5859		2022-09-16	2025-07-03
	428.706 VANGUARD SMALL CAP INDEX FD-ADM 548		2020-06-05	2025-07-03
	129. ACUSHNET HOLDINGS CORP		2020-07-09	2025-07-07
	116. ARTISAN PARTNERS ASSET MANAGEM			2025-07-07
	68. BROOKFIELD CORP			2025-07-07
	178. CLEARWATER ANALYTICS HLDGS INC		2021-09-28	2025-07-07
	92. CORVEL CORP		2021-09-13	2025-07-07
	59. DONALDSON CO INC		2025-03-11	2025-07-07
	18. EMCOR GROUP INC COM		2020-07-09	2025-07-07
	56. FTI CONSULTING INC COM		2020-12-01	2025-07-07
	10. FACTSET RESH SYS INC COM		2019-07-04	2025-07-07
	158. FIRST HAWAIIAN INC			2025-07-07
	93. FIRST HAWAIIAN INC		2020-07-09	2025-07-07
	6. GARTNER INC		2023-09-19	2025-07-07
	82. GRACO INC		2019-07-04	2025-07-07
	28. HEICO CORP CL A		2022-09-15	2025-07-07
	29. HENRY JACK & ASSOC INC COM		2025-03-11	2025-07-07
	23. KADANT INC		2023-10-17	2025-07-07
	41. K.FORCE, INC.		2023-03-22	2025-07-07
	38. LCI INDUSTRIES			2025-07-07
	53. LANDSTAR SYS INC COM		2024-12-16	2025-07-07
	12. LIBERTY MEDIA CORP-LIBERTY FOR			2025-07-07
	14. LIBERTY MEDIA CORP-LIBERTY FOR		2024-09-11	2025-07-07
	23. MANHATTAN ASSOCIATES, INC COM		2020-07-09	2025-07-07
	111. MOELIS & CO			2025-07-07
	37. O'REILLY AUTOMOTIVE INC		2020-06-15	2025-07-07
	42. PRIMERICA INC		2019-07-04	2025-07-07
	29. PROGRESSIVE CORP OHIO		2020-06-15	2025-07-07
	76. RLI CORP COM		2025-04-04	2025-07-07
	18. RBC BEARINGS INC		2019-07-03	2025-07-07
	367. RIGHTMOVE PLC-UNSP ADR		2020-07-09	2025-07-07
	78. SIMPSON MFG INC COM			2025-07-07
	132. TORO CO			2025-07-07
	2. TRANSDIGM GROUP INC		2024-11-27	2025-07-07
	65. UFP INDUSTRIES INC		2025-03-04	2025-07-07
	37. WATTS WATER TECHNOLOGIES INC		2024-12-17	2025-07-07
	3. WATTS WATER TECHNOLOGIES INC		2020-09-22	2025-07-07
	35. ARCH CAPITAL GROUP LTD			2025-07-07
	110. ARCH CAPITAL GROUP LTD			2025-07-07
	151. ALLIANZ SE - UNSP ADR		2020-07-09	2025-07-11
	327. ATLAS COPCO AB ADR		2020-07-09	2025-07-11
	49. CHUGAI PHARMACEUTIC-UNSP ADR		2025-03-18	2025-07-11
	223. CHUGAI PHARMACEUTIC-UNSP ADR		2020-07-09	2025-07-11
	195. MANULIFE FINANCIAL CORP			2025-07-14
	70. UNITEDHEALTH GROUP INC		2019-06-10	2025-07-15
	41. TE CONNECTIVITY PLC		2022-09-15	2025-07-15
	10. ANSYS INC		2020-06-15	2025-07-18
	16. ANSYS INC		2022-09-15	2025-07-18
	4. ANSYS INC		2024-09-25	2025-07-18
	20. BROOKFIELD CORP		2025-03-13	2025-07-25
	12. GARTNER INC			2025-07-25
	58. PERIMETER SOLUTIONS INC			2025-07-25
	10. SYNOPSYS INC COM			2025-07-25
	53. VAIL RESORTS INC COM			2025-07-25
	13. ARCH CAPITAL GROUP LTD		2020-06-04	2025-07-25
	696. BANCO SANTANDER CEN-SPON - ADR		2023-07-31	2025-07-28
	159. IMPERIAL BRANDS PLC-SPON ADR		2023-07-31	2025-07-28
	168. SSE PLC-SPN ADR			2025-07-28
	110. SINGAPORE TELECOMMUNICATIONS LTD ADR			2025-07-28
	138. SONY CORPORATION - ADR		2023-12-13	2025-08-01
	173. SCHNEIDER ELECTRIC SE - ADR		2020-07-09	2025-08-04
	815. CLEARWATER ANALYTICS HLDGS INC			2025-08-07
	137. CLEARWATER ANALYTICS HLDGS INC		2023-11-07	2025-08-08
	31. DBS GROUP HOLDINGS LIMITED - ADR			2025-08-08
	41. BROOKFIELD ASSET MANAGEMENT LT			2025-08-13
	135. CARMAX INC			2025-08-13
	28. GARTNER INC			2025-08-13
	23. KKR & CO INC -A			2025-08-13
	26. O'REILLY AUTOMOTIVE INC		2020-06-15	2025-08-13
	33. VAIL RESORTS INC COM			2025-08-13
	11. ARCH CAPITAL GROUP LTD		2020-06-04	2025-08-13
	424. HALEON PLC ADR			2025-08-14
	2.99917 ROCHE HOLDINGS LTD - ADR		2020-07-09	2025-08-14
	100.00083 ROCHE HOLDINGS LTD - ADR		2020-07-09	2025-08-14
	.197 SYNOPSYS INC COM		2025-07-18	2025-08-15
	10000. BUNGE LTD FINANCE CO 1.630% 8/17/25		2022-03-28	2025-08-17
	89. ALIGN TECHNOLOGY INC		2024-12-11	2025-08-20
	41. ALIGN TECHNOLOGY INC			2025-08-20
	108. ARISTA NETWORKS INC		2020-09-28	2025-08-20
	311. TRIMBLE NAV LTD			2025-08-20
	18. COSTAR GROUP, INC			2025-08-27
	38. GARTNER INC		2020-06-15	2025-08-27
	113. BRITISH AMERICAN TOBACCO P.L.C - ADR			2025-09-03
	176. FUJITSU LIMITED - ADR		2025-02-24	2025-09-03
	51. EMCOR GROUP INC COM		2020-07-09	2025-09-11
	2. DOMINOS PIZZA INC			2025-09-17
	36. PROGRESSIVE CORP OHIO		2020-06-15	2025-09-17
	27. DBS GROUP HOLDINGS LIMITED - ADR		2020-07-09	2025-09-19
	282. KOMATSU LIMITED - ADR		2020-07-09	2025-09-19
	23.99995 NESTLE S.A. REGISTERED SHARES - ADR		2020-07-09	2025-09-19
	19.00005 NESTLE S.A. REGISTERED SHARES - ADR		2020-07-09	2025-09-19
	7678.307 T ROWE PR OVERSEAS STOCK-I #521		2020-06-05	2025-09-19
	354. ZTO EXPRESS CAYMAN INC-ADR		2024-04-18	2025-09-19
	23. APPLE INC		2022-09-15	2025-09-23
	57. BROADCOM INC		2020-06-16	2025-09-23
	58. LAM RESH CORP		2020-08-28	2025-09-23
	1. RTX CORP		2025-03-04	2025-09-23
	45. RTX CORP		2021-07-12	2025-09-23
	7. TAIWAN SEMICONDUCTOR MANUFACTU - ADR		2025-09-22	2025-09-23
	412. BANCO SANTANDER CEN-SPON - ADR		2023-07-31	2025-10-06
	10. HITACHI LIMITED - ADR		2025-02-24	2025-10-06
	225. HITACHI LIMITED - ADR		2023-07-31	2025-10-06
	129. IMPERIAL BRANDS PLC-SPON ADR			2025-10-06
	164. SONY CORPORATION - ADR		2025-02-24	2025-10-06
	15. ADOBE SYS INC		2023-06-14	2025-10-07
	51. ADVANCED MICRO DEVICES INC			2025-10-07
	11. BERKSHIRE HATHAWAY INC.		2025-03-26	2025-10-07
	278. COGNIZANT TECH SOLUTIONS CRP COM			2025-10-07
	244. SONY FINANCIAL GROUP INC ADR			2025-10-08
	111. ALPHABET INC CL C			2025-10-13
	109. ARISTA NETWORKS INC		2020-09-28	2025-10-13
	30. CADENCE DESIGN SYSTEMS INC			2025-10-13
	11. NETFLIX.COM INC			2025-10-13
	102. VERTIV HOLDINGS LLC		2024-08-06	2025-10-13
	69. BROOKFIELD CORP		2025-03-13	2025-10-15
	70. BROOKFIELD CORP		2023-06-07	2025-10-15
	23. COSTAR GROUP, INC		2022-09-15	2025-10-15
	4. VERISK ANALYTICS INC		2020-06-15	2025-10-15
	40. BHP BILLITON LIMITED - ADR		2025-09-22	2025-10-16
	184. BHP BILLITON LIMITED - ADR		2021-03-01	2025-10-16
	134. NESTLE S.A. REGISTERED SHARES - ADR			2025-10-17
	7. TAIWAN SEMICONDUCTOR MANUFACTU - ADR		2025-09-22	2025-10-17
	3. TAIWAN SEMICONDUCTOR MANUFACTU - ADR		2020-07-09	2025-10-17
	54. BERKLEY W R CORP			2025-10-29
	22. BERKLEY W R CORP			2025-10-29
	152. BROOKFIELD CORP			2025-10-29
	10000. MORGAN STANLEY 3.625% 1/20/27		2021-02-09	2025-11-12
	392. ENEL SOCIETA PER AZIONI - ADR		2025-02-24	2025-11-13
	44. ENEL SOCIETA PER AZIONI - ADR		2024-06-06	2025-11-13
	87. FUJITSU LIMITED - ADR		2025-02-24	2025-11-13
	75. FUJITSU LIMITED - ADR			2025-11-13
	198. HITACHI LIMITED - ADR		2023-07-31	2025-11-13
	123. KERINGIUNSPONSORED ADR			2025-11-13
	1135. LLOYDS BANKING GROUP PLC - ADR		2025-02-24	2025-11-13
	47. LLOYDS BANKING GROUP PLC - ADR		2023-07-31	2025-11-13
	185. DASSAULT SYSTEMES S.A. - ADR		2025-10-17	2025-11-14
	302.99957 DASSAULT SYSTEMES S.A. - ADR			2025-11-14
	158.00043 DASSAULT SYSTEMES S.A. - ADR			2025-11-14
	12. SAP SE		2025-09-22	2025-11-14
	83. SAP SE			2025-11-14
	4. NEW LINDE PLC		2025-09-22	2025-11-14
	23. NEW LINDE PLC			2025-11-14
	25000. US TREASURY NOTE 2.250% 11/15/25			2025-11-15
	.8 SONY FINANCIAL GROUP INC ADR		2025-10-07	2025-11-17
	4. AIR PRODS & CHEMS INC COM		2025-01-29	2025-11-19
	32. BERKLEY W R CORP			2025-11-19
	68. BROOKFIELD CORP			2025-11-19
	4. HEICO CORP CL A		2022-09-15	2025-11-19
	1. TRANSDIGM GROUP INC		2025-08-13	2025-11-19
	12. ARCH CAPITAL GROUP LTD		2020-06-04	2025-11-19
	71. ALFA LAVAL AB-UNSPON ADR			2025-12-12
	134. BANCO BILBAO VIZCAYA ARGENT- ADR		2025-09-22	2025-12-12
	54. BANCO BILBAO VIZCAYA ARGENT- ADR		2020-07-09	2025-12-12
	6. L'OREAL - ADR		2025-09-22	2025-12-12
	41. L'OREAL - ADR		2023-08-31	2025-12-12
	240. DISCO CORP- UNSPONSORED ADR			2025-12-15
	144. SONY FINANCIAL GROUP INC ADR			2025-12-15
	286. COSTAR GROUP, INC			2025-12-16
	22. ECOLAB INC		2025-02-27	2025-12-16
	72. NVIDIA CORP		2025-10-13	2025-12-16
	64. NVIDIA CORP		2024-08-06	2025-12-16
	40. POOL CORPORATION			2025-12-16
	15. EATON CORP PLC		2025-03-26	2025-12-16
	21. EATON CORP PLC			2025-12-16
	80. MAGNUM ICE CREAM CO BV/THE			2025-12-16
	77. BRITISH AMERICAN TOBACCO P.L.C - ADR		2024-09-12	2025-12-17
	323. ENEL SOCIETA PER AZIONI - ADR		2025-02-24	2025-12-17
	109. ENEL SOCIETA PER AZIONI - ADR		2023-07-31	2025-12-17
	124. BROOKFIELD CORP			2025-12-18
	64. FACTSET RESH SYS INC COM			2025-12-18
	2. HILTON WORLDWIDE HOLDINGS IN		2025-07-07	2025-12-18
	22. HILTON WORLDWIDE HOLDINGS IN			2025-12-18
	7. IDEXX CORP			2025-12-18
	1. TRANSDIGM GROUP INC		2025-08-13	2025-12-18
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
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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
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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

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,354	1,633	-279
b	2,904	3,453	-549
c	3,956	2,916	1,040
d	24	27	-3
e	2,683	2,576	107
	4,067	2,906	1,161
	8,489	6,316	2,173
	2,785	3,063	-278
	1,987	1,649	338
	861	954	-93
	344	463	-119
	1,043	1,036	7
	1,822	1,211	611
	2,188	1,141	1,047
	442	473	-31
	925	981	-56
	1,291	1,118	173
	4,683	841	3,842
	1,818	1,083	735
	1,617	1,844	-227
	4,572	4,141	431
	1,283	418	865
	1,485	476	1,009
	6,342	8,288	-1,946
	1,320	1,465	-145
	14,295	13,749	546
	366	354	12
	2,732	3,173	-441
	4,172	2,941	1,231
	3,990	3,776	214
	4,214	3,831	383
	1,640	1,941	-301
	4,424	6,675	-2,251
	4,206	2,825	1,381
	1,449	1,505	-56
	1,577	1,351	226
	3,875	811	3,064
	10,813	9,215	1,598
	1,099	1,165	-66
	6,954	5,389	1,565
	1,798	1,914	-116
	1,092	1,163	-71
	1,778	2,122	-344
	3,938	9,475	-5,537
	10,000	10,000
	500,422	517,965	-17,543
	150,000	170,687	-20,687
	8,863	6,185	2,678
	2,495	1,798	697
	4,986	3,025	1,961
	13,131	27,770	-14,639
	35,823	26,285	9,538
	3,635	460	3,175
	33,533	32,288	1,245
	3,568	2,305	1,263
	4,957	2,228	2,729
	29,947	10,711	19,236
	6,664	4,599	2,065
	17,385	19,055	-1,670
	6,412	4,572	1,840
	2,486	921	1,565
	19,702	13,230	6,472
	15,680	7,334	8,346
	7,782	6,069	1,713
	4,539	1,261	3,278
	5,643	6,569	-926
	4,407	4,290	117
	27,825	19,181	8,644
	2,940	2,855	85
	896	603	293
	5,633	4,909	724
	3,025	2,925	100
	1,575	1,536	39
	2,025	1,789	236
	2,980	2,668	312
	676	472	204
	9,944	10,219	-275
	1,749	2,344	-595
	792	759	33
	2,657	2,538	119
	10,064	2,368	7,696
	21,211	13,395	7,816
	2,970	1,663	1,307
	5,022	9,688	-4,666
	22,986	9,880	13,106
	4,658	3,220	1,438
	3,221	1,720	1,501
	3,766	653	3,113
	12,221	8,707	3,514
	9,519	4,073	5,446
	6,399	6,501	-102
	5,674	4,595	1,079
	13,171	10,946	2,225
	4,929	5,246	-317
	4,151	4,377	-226
	3,207	2,479	728
	7,792	8,990	-1,198
	1,756	1,719	37
	1,412	1,089	323
	1,868	2,344	-476
	1,274	1,350	-76
	1,480	1,315	165
	1,057	611	446
	4,262	1,253	3,009
	1,394	1,269	125
	30,000	31,656	-1,656
	14,413	5,046	9,367
	4,391	690	3,701
	5,001	3,586	1,415
	5,341	3,074	2,267
	876	949	-73
	438	272	166
	1,331	1,269	62
	3,752	3,245	507
	2,891	2,666	225
	760	460	300
	4,318	4,603	-285
	1,904	2,081	-177
	1,659	1,547	112
	3,272	2,512	760
	4,583	5,201	-618
	3,690	2,381	1,309
	3,544	4,730	-1,186
	16,048	16,247	-199
	2,976	3,916	-940
	179	157	22
	2,147	996	1,151
	1,963	2,015	-52
	420	450	-30
	1,260	1,340	-80
	1,806	1,083	723
	2,199	635	1,564
	10,000	11,079	-1,079
	2,870	1,415	1,455
	3,895	1,460	2,435
	5,898	2,837	3,061
	5,219	4,252	967
	4,264	3,175	1,089
	10,000	10,990	-990
	8,431	10,351	-1,920
	674	520	154
	481	305	176
	3,934	3,130	804
	1,392	418	974
	3,026	2,601	425
	2,769	1,958	811
	3,804	2,517	1,287
	4,065	3,577	488
	8,269	1,074	7,195
	9,355	3,675	5,680
	6,789	6,813	-24
	3,904	2,399	1,505
	5,388	1,998	3,390
	16,934	20,207	-3,273
	8,603	4,870	3,733
	13,325	5,060	8,265
	1,407	801	606
	3,134	3,907	-773
	819	706	113
	3,102	1,588	1,514
	2,921	873	2,048
	1,427	1,269	158
	3,427	1,442	1,985
	4,076	4,015	61
	6,117	5,260	857
	3,439	1,390	2,049
	376	285	91
	5,724	3,939	1,785
	4,086	3,797	289
	5,945	3,989	1,956
	9,382	11,620	-2,238
	4,456	2,582	1,874
	10,000	9,995	5
	30,000	24,883	5,117
	12,147	5,589	6,558
	75,000	73,204	1,796
	50,000	36,159	13,841
	50,000	31,557	18,443
	9,764	4,329	5,435
	5,422	3,709	1,713
	4,308	3,578	730
	4,007	4,606	-599
	9,330	5,196	4,134
	4,185	4,090	95
	9,894	1,074	8,820
	9,279	5,905	3,374
	4,488	3,510	978
	4,162	3,601	561
	2,450	1,382	1,068
	2,386	2,119	267
	7,249	4,009	3,240
	7,110	3,419	3,691
	5,243	5,231	12
	7,472	5,317	2,155
	1,766	2,551	-785
	3,653	6,051	-2,398
	7,679	9,799	-2,120
	1,233	563	670
	1,302	970	332
	4,608	2,090	2,518
	7,275	3,618	3,657
	3,400	1,030	2,370
	11,546	4,805	6,741
	7,402	2,302	5,100
	5,406	5,905	-499
	6,983	2,386	4,597
	7,835	5,095	2,740
	12,526	7,311	5,215
	9,789	11,544	-1,755
	3,066	2,511	555
	6,769	6,741	28
	9,334	8,060	1,274
	757	292	465
	3,114	3,501	-387
	9,788	6,005	3,783
	6,104	3,097	3,007
	5,507	3,584	1,923
	1,144	1,128	16
	5,206	5,743	-537
	5,944	3,462	2,482
	20,547	17,348	3,199
	7,217	5,136	2,081
	3,959	2,786	1,173
	6,334	3,877	2,457
	1,583	1,287	296
	1,344	989	355
	4,295	3,952	343
	972	703	269
	6,057	5,765	292
	8,442	11,506	-3,064
	1,153	403	750
	6,127	2,833	3,294
	6,104	3,832	2,272
	4,156	3,760	396
	3,466	1,990	1,476
	3,365	2,491	874
	8,713	3,776	4,937
	15,265	17,084	-1,819
	2,595	2,399	196
	4,879	1,826	3,053
	2,569	1,128	1,441
	7,780	10,299	-2,519
	6,682	5,175	1,507
	3,363	2,724	639
	2,661	724	1,937
	5,014	6,037	-1,023
	973	341	632
	4,109	3,614	495
	116	134	-18
	3,858	4,455	-597
	122	114	8
	10,000	9,435	565
	12,710	21,339	-8,629
	5,855	11,766	-5,911
	14,020	1,384	12,636
	24,780	16,654	8,126
	1,596	1,347	249
	9,314	4,562	4,752
	6,158	4,520	1,638
	4,056	3,444	612
	32,773	3,042	29,731
	881	709	172
	8,756	2,857	5,899
	4,253	1,525	2,728
	9,919	5,717	4,202
	2,177	2,697	-520
	1,724	2,135	-411
	119,551	78,946	40,605
	6,673	7,052	-379
	5,853	3,513	2,340
	19,313	1,773	17,540
	7,601	2,039	5,562
	159	131	28
	7,167	3,875	3,292
	1,979	1,924	55
	4,233	1,677	2,556
	300	273	27
	6,757	2,963	3,794
	5,255	2,926	2,329
	4,938	4,082	856
	5,199	7,215	-2,016
	10,721	7,440	3,281
	5,517	5,851	-334
	18,936	17,484	1,452
	1,220	1,251	-31
	27,051	10,446	16,605
	16,359	1,397	14,962
	9,973	8,869	1,104
	13,417	4,100	9,317
	18,371	7,007	11,364
	3,126	2,275	851
	3,172	1,479	1,693
	1,727	1,674	53
	967	661	306
	2,251	2,136	115
	10,357	14,434	-4,077
	14,122	14,632	-510
	2,086	1,924	162
	894	194	700
	3,847	3,155	692
	1,567	1,249	318
	7,165	3,198	3,967
	9,965	11,418	-1,453
	4,057	2,845	1,212
	455	325	130
	2,299	1,702	597
	1,982	1,218	764
	6,750	2,608	4,142
	4,615	5,946	-1,331
	5,678	3,878	1,800
	235	108	127
	5,123	6,360	-1,237
	8,391	11,528	-3,137
	4,376	5,560	-1,184
	2,934	3,182	-248
	20,292	11,272	9,020
	1,700	1,910	-210
	9,772	5,039	4,733
	25,000	26,457	-1,457
	4	4
	1,011	1,308	-297
	2,448	1,809	639
	2,948	1,406	1,542
	963	488	475
	1,347	1,340	7
	1,092	372	720
	3,522	3,264	258
	3,007	2,529	478
	1,212	186	1,026
	520	514	6
	3,554	3,645	-91
	7,343	7,516	-173
	768	738	30
	18,171	24,616	-6,445
	5,703	5,897	-194
	12,711	13,554	-843
	11,298	6,746	4,552
	9,426	13,036	-3,610
	4,918	4,280	638
	6,886	2,396	4,490
	1,296	960	336
	4,418	2,985	1,433
	3,255	2,344	911
	1,099	753	346
	5,556	2,516	3,040
	17,555	21,773	-4,218
	574	544	30
	6,318	3,390	2,928
	4,882	4,212	670
	1,254	1,340	-86
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
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			16,178
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			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178
			16,178

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			-279
b			-549
c			1,040
d			-3
e			107
			1,161
			2,173
			-278
			338
			-93
			-119
			7
			611
			1,047
			-31
			-56
			173
			3,842
			735
			-227
			431
			865
			1,009
			-1,946
			-145
			546
			12
			-441
			1,231
			214
			383
			-301
			-2,251
			1,381
			-56
			226
			3,064
			1,598
			-66
			1,565
			-116
			-71
			-344
			-5,537

			-17,543
			-20,687
			2,678
			697
			1,961
			-14,639
			9,538
			3,175
			1,245
			1,263
			2,729
			19,236
			2,065
			-1,670
			1,840
			1,565
			6,472
			8,346
			1,713
			3,278
			-926
			117
			8,644
			85
			293
			724
			100
			39
			236
			312
			204
			-275
			-595
			33
			119
			7,696
			7,816
			1,307
			-4,666
			13,106
			1,438
			1,501
			3,113
			3,514
			5,446
			-102
			1,079
			2,225
			-317
			-226
			728
			-1,198
			37
			323
			-476
			-76
			165
			446
			3,009
			125
			-1,656
			9,367
			3,701
			1,415
			2,267
			-73
			166
			62
			507
			225
			300
			-285
			-177
			112
			760
			-618
			1,309
			-1,186
			-199
			-940
			22
			1,151
			-52
			-30
			-80
			723
			1,564
			-1,079
			1,455
			2,435
			3,061
			967
			1,089
			-990
			-1,920
			154
			176
			804
			974
			425
			811
			1,287
			488
			7,195
			5,680
			-24
			1,505
			3,390
			-3,273
			3,733
			8,265
			606
			-773
			113
			1,514
			2,048
			158
			1,985
			61
			857
			2,049
			91
			1,785
			289
			1,956
			-2,238
			1,874
			5
			5,117
			6,558
			1,796
			13,841
			18,443
			5,435
			1,713
			730
			-599
			4,134
			95
			8,820
			3,374
			978
			561
			1,068
			267
			3,240
			3,691
			12
			2,155
			-785
			-2,398
			-2,120
			670
			332
			2,518
			3,657
			2,370
			6,741
			5,100
			-499
			4,597
			2,740
			5,215
			-1,755
			555
			28
			1,274
			465
			-387
			3,783
			3,007
			1,923
			16
			-537
			2,482
			3,199
			2,081
			1,173
			2,457
			296
			355
			343
			269
			292
			-3,064
			750
			3,294
			2,272
			396
			1,476
			874
			4,937
			-1,819
			196
			3,053
			1,441
			-2,519
			1,507
			639
			1,937
			-1,023
			632
			495
			-18
			-597
			8
			565
			-8,629
			-5,911
			12,636
			8,126
			249
			4,752
			1,638
			612
			29,731
			172
			5,899
			2,728
			4,202
			-520
			-411
			40,605
			-379
			2,340
			17,540
			5,562
			28
			3,292
			55
			2,556
			27
			3,794
			2,329
			856
			-2,016
			3,281
			-334
			1,452
			-31
			16,605
			14,962
			1,104
			9,317
			11,364
			851
			1,693
			53
			306
			115
			-4,077
			-510
			162
			700
			692
			318
			3,967
			-1,453
			1,212
			130
			597
			764
			4,142
			-1,331
			1,800
			127
			-1,237
			-3,137
			-1,184
			-248
			9,020
			-210
			4,733
			-1,457

			-297
			639
			1,542
			475
			7
			720
			258
			478
			1,026
			6
			-91
			-173
			30
			-6,445
			-194
			-843
			4,552
			-3,610
			638
			4,490
			336
			1,433
			911
			346
			3,040
			-4,218
			30
			2,928
			670
			-86

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	526,942
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	9,324
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	9,324
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	9,324
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	6,908
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	6,908
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	2,416
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax0	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 ofWELLS FARGO BANK NA Telephone no. (800) 352-3705

Located at100 N MAIN ST FL 5D4001-052WINSTON SALEMNC ZIP+427101

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)

Yes

(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
WELLS FARGO BANK N A	TRUSTEE 1	119,916
100 N MAIN ST FL 5D4001-052 WINSTON SALEM,NC27101	TRUSTEE 1	119,916

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

13,378,307

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

644,140

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

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

14,022,447

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

14,022,447

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

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

210,337

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

13,812,110

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

690,606

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

690,606

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

9,324

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

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

9,324

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

681,282

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

64,852

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

746,134

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

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

746,134

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) ..........

729,116

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. .......

729,116

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					746,134
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				577,829
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: $ 729,116
a Applied to 2024, but not more than line 2a				577,829
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.....					151,287
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 ..........					594,847
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 e-mail address of the person to whom applications should be addressed:

SARA JEAN PARKS PENDLETON SCHOLARSH
PO BOX 1465
TAYLORS,SC29687
(864) 268-3363
HANNA@CSASCHOLARS.ORG

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

ONLINE AT CSASCHOLARS.ORG

cAny submission deadlines:

MAY 14

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

FEMALE RESIDENT OF KY, MINIMUM GPA OF 2.0, INTENT OF WORKING IN MED FIELD, FULL TIME ATTENDANCE AT US SCHOOL

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
EASTERN KENTYCKY UNIVERSITY FBO LAUREN ALLEN 521 LANCASTER AVE RICHMOND,KY40475	NONE		SCHOLARSHIP	15,000
OWENSBORO COMMUNITY & TECHNICAL COLLEGE FBO MADISON HOLLAND 1501 FREDERICA ST OWENSBORO,KY42301	NONE		SCHOLARSHIP	10,000
OWENSBORO COMMUNITY & TECHNICAL COLLEGE FBO BRITTNY LINDSEY 1501 FREDERICA ST OWENSBORO,KY42301	NONE		SCHOLARSHIP	10,000
UNIVERSITY OF PIKEVILLE FBO ANNA ROWE 147 SYCAMORE ST PIKEVILLE,KY41501	NONE		SCHOLARSHIP	15,000
UNIVERSITY OF PIKEVILLE FBO KATHERINE STILES 147 SYCAMORE ST PIKEVILLE,KY41501	NONE		SCHOLARSHIP	15,000
BELLARMINE UNIVERSITY FBO KATHARINA TUGGLE 2001 NEWBURG RD LOUISVILLE,KY40205	NONE		SCHOLARSHIP	15,000
SOUTHEAST KENTUCKY COMMUNITY & TECHNICAL FBO JASMINE ANTONIO 700 COLLEGE RD CUMBERLAND,KY40823	NONE		SCHOLARSHIP	10,000
UNIVERSITY OF PIKEVILLE FBO ANNA ASKREN 147 SYCAMORE ST PIKEVILLE,KY41501	NONE		SCHOLARSHIP	10,000
UNIVERSITY OF PIKEVILLE FBO KYLEE BATES 147 SYCAMORE ST PIKEVILLE,KY41501	NONE		SCHOLARSHIP	15,000
UNIVERSITY OF PIKEVILLE FBO CHRISTINA BELCHER 147 SYCAMORE ST PIKEVILLE,KY41501	NONE		SCHOLARSHIP	15,000
UNIVERSITY OF PIKEVILLE FBO BETHANY BENTLEY 147 SYCAMORE ST PIKEVILLE,KY41501	NONE		SCHOLARSHIP	15,000
UNIVERSITY OF PIKEVILLE FBO BAILEY BIRCHFIELD 147 SYCAMORE ST PIKEVILLE,KY41501	NONE		SCHOLARSHIP	15,000
MURRAY STATE UNIVERSITY FBO KATHERINE BOHANNON 1375 CHESTNUT ST MURRAY,KY42071	NONE		SCHOLARSHIP	15,000
SPALDING UNIVERSITY FBO CAROLINE BOONE 901 SOUTH 4TH ST LOUISVILLE,KY40203	NONE		SCHOLARSHIP	15,000
UNIVERSITY OF LOUISVILLE FBO EBONY CARDINE 2301 S 3RD ST LOUISVILLE,KY40292	NONE		SCHOLARSHIP	15,000
MURRAY STATE UNIVERSITY FBO LUCY CHESTER 1375 CHESTNUT ST MURRAY,KY42071	NONE		SCHOLARSHIP	15,000
UNIVERISTY OF TENNESSEE COLLEGE OF PHARM FBO KARISSA CLIFF 301 S PERIMETER PARK DR SUITE 220 NASHVILLE,TN37211	NONE		SCHOLARSHIP	10,000
SOUTHCENTRAL KENTUCKY COMMUNITY & TECH FBO CRYSTAL CODNER 129 STATE AVE GLASGOW,KY42141	NONE		SCHOLARSHIP	10,000
HAZARD COMMUNITY & TECHNICAL COLLEGE FBO VALERIE CORNETT 1 COMMUNITY COLLEGE DR HAZARD,KY41701	NONE		SCHOLARSHIP	10,000
MARSHALL UNIVERSITY FBO ZOEE CRUM 1 JOHN MARSHALL DR HUNTINGTON,WV25755	NONE		SCHOLARSHIP	15,000
MIDWAY UNIVERSITY FBO SHAINA DAVIS 512 E STEPHENS ST MIDWAY,KY40347	NONE		SCHOLARSHIP	15,000
EASTERN KENTUCKY UNIVERSITY FBO CAMRAN DIAMOND 521 LANCASTER AVE RICHMOND,KY40475	NONE		SCHOLARSHIP	15,000
SPALDING UNIVERSITY FBO CHLOE EISENBACK 901 SOUTH 4TH ST LOUISVILLE,KY40203	NONE		SCHOLARSHIP	15,000
MIDWAY UNIVERSITY FBO SYDNEY FONKEN 512 E STEPHENS ST MIDWAY,KY40347	NONE		SCHOLARSHIP	15,000
EASTERN KENTUCKY UNIVERSITY FBO BROOKE FOWEE 521 LANCASTER AVE RICHMOND,KY40475	NONE		SCHOLARSHIP	15,000
SPALDING UNIVERSITY FBO SHELBY GREGORY 901 SOUTH 4TH ST LOUISVILLE,KY40203	NONE		SCHOLARSHIP	15,000
ELIZABETHTOWN COMMUNITY & TECHNICAL COLL FBO KARLIE GRIFFIN 600 COLLEGE STREET RD ELIZABETHTOWN,KY42701	NONE		SCHOLARSHIP	10,000
LINDSEY WILSON COLLEGE FBO KHLOE HALE 210 LINDSEY WILSON ST COLUMBIA,KY42728	NONE		SCHOLARSHIP	15,000
UNIVERSITY OF PIKEVILLE FBO LAUREN HAWKINS 147 SYCAMORE ST PIKEVILLE,KY41501	NONE		SCHOLARSHIP	15,000
NORTHERN KENTUCKY UNIVERSITY FBO KAYA HOLBROOK 5320 CAMPUS DR AC35 HIGHLANDS HEIGHTS,KY41099	NONE		SCHOLARSHIP	15,000
SPALDING UNIVERSITY FBO LILLY KRAMER 901 SOUTH 4TH ST LOUISVILLE,KY40203	NONE		SCHOLARSHIP	15,000
SPALDING UNIVERSITY FBO CASSANDRA LEWANDOWSKI 901 SOUTH 4TH ST LOUISVILLE,KY40203	NONE		SCHOLARSHIP	15,000
GALEN COLLEGE OF NURSING FBO KYRA LOONEY 3050 TERRA CROSSING BLVD LOUISVILLE,KY40245	NONE		SCHOLARSHIP	15,000
UNIVERSITY OF PIKEVILLE FBO ALEXANDRA MARSHALL 147 SYCAMORE ST PIKEVILLE,KY41501	NONE		SCHOLARSHIP	15,000
SPALDING UNIVERSITY FBO KATHERINE MCDEVITT 901 SOUTH 4TH ST LOUISVILLE,KY40203	NONE		SCHOLARSHIP	15,000
UNIVERSITY OF PIKEVILLE FBO TAYLOR MESSER 147 SYCAMORE ST PIKEVILLE,KY41501	NONE		SCHOLARSHIP	15,000
APPALACHIAN COLLEGE OF PHARMACY FBO BRIANNA MOORE 1060 DRAGON RD OAKWOOD,VA24631	NONE		SCHOLARSHIP	15,000
MURRAY STATE UNIVERSITY FBO WHITNEY MURPHY 1375 CHESTNUT ST MURRAY,KY42071	NONE		SCHOLARSHIP	15,000
UNIVERSITY OF PIKEVILLE FBO SARAH POLLY 147 SYCAMORE ST PIKEVILLE,KY41501	NONE		SCHOLARSHIP	15,000
SPALDING UNIVERSITY FBO VICTORIA POSTELL 901 SOUTH 4TH ST LOUISVILLE,KY40203	NONE		SCHOLARSHIP	15,000
SPALDING UNIVERSITY FBO KAYLA POTTS 901 SOUTH 4TH ST LOUISVILLE,KY40203	NONE		SCHOLARSHIP	15,000
MIDWAY UNIVERSITY FBO TRISTA RITCHIE 512 E STEPHENS ST MIDWAY,KY40347	NONE		SCHOLARSHIP	15,000
SOUTHCENTRAL KENTUCKY COMMUNITY & TECH FBO ALAINA NEELY 5320 CAMPUS DR AC35 HIGHLANDS HEIGHTS,KY42141	NONE		SCHOLARSHIP	10,000
NORTHERN KENTUCKY UNIVERSITY FBO HANNAH PENNINGTON 5320 CAMPUS DR AC35 HIGHLANDS HEIGHTS,KY41099	NONE		SCHOLARSHIP	15,000
UNIVERSITY OF PIKEVILLE FBO OLIVIA VICK 147 SYCAMORE ST PIKEVILLE,KY41501	NONE		SCHOLARSHIP	15,000
SOUTHCENTRAL KENTUCKY COMMUNITY & TECHNI FBO EDEN WEST 1845 LOOP AVE BOWLING GREEN,KY42101	NONE		SCHOLARSHIP	10,000
Total ................................. 3a				640,000

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	296,060
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	526,942
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) ..				823,002

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

823,002

(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
9128284F4 US TREASURY NOTE
867914BS1 SUNTRUST BANKS INC
166764BW9 CHEVRON CORP
9128283W8 US TREASURY NOTE	32,609	29,548
14040HBN4 CAPITAL ONE FINANCIA	10,968	9,970
20030NCT6 COMCAST CORP	11,853	10,054
46625HRV4 JPMORGAN CHASE & CO	10,743	9,935
912828U24 US TREASURY NOTE 2.0	10,577	9,868
912828M56 US TREASURY NOTE
9128286A3 US TREASURY NOTE	31,857	29,973
06051GGA1 BANK OF AMERICA CORP	21,926	19,814
254687FL5 WALT DISNEY COMPANY/	10,142	9,350
00287YAQ2 ABBVIE INC
9128286T2 US TREASURY NOTE 2.3	43,472	38,459
9128285M8 US TREASURY NOTE	33,606	29,665
29444UBL9 EQUINIX INC	10,045	9,486
036752AB9 ANTHEM INC	22,701	19,904
693475AZ8 PNC FINANCIAL SERVIC	10,748	9,411
110122DP0 BRISTOL-MYERS SQUIBB	19,939	19,094
126650DM9 CVS HEALTH CORP	10,018	9,566
78016EZQ3 ROYAL BANK OF CANADA	14,978	14,873
961214DW0 WESTPAC BANKING CORP	17,093	14,881
61746BEF9 MORGAN STANLEY
91282CBL4 US TREASURY NOTE	42,881	39,619
907818FU7 UNION PACIFIC CORP	9,277	9,171
49326EEJ8 KEYCORP	8,806	9,440
9128282R0 US TREASURY NOTE	22,915	24,514
91282CDY4 US TREASURY NOTE 1.8	42,255	44,592
120568BB5 BUNGE LTD FINANCE CO
023135CH7 AMAZON.COM INC	9,326	9,696
09247XAT8 BLACKROCK INC	14,627	15,346
26441CBZ7 DUKE ENERGY CORP	15,009	15,884
438516CK0 HONEYWELL INTERNATIO	19,971	20,601
548661EQ6 LOWE'S COS INC	9,629	10,330
91282CGQ8 US TREASURY NOTE	40,441	40,509
13608JAA5 CANADIAN IMPERIAL BA	14,932	15,533
3133ERPG0 FED FARM CREDIT BK
31620MBY1 FIDELITY NATL INFO	10,181	10,215
581557BU8 MCKESSON CORP	10,071	10,332
91282CJZ5 US TREASURY NOTE	14,575	14,953
91282CKQ3 US TREASURY NOTE	14,904	15,329
91282CLF6 US TREASURY NOTE	19,488	19,692
9128334Y3 US TREAS SEC STRIPPE	21,009	20,820
04636NAM5 ASTRAZENECA FINANCE	10,128	10,350
10373QBW9 BP CAP MARKETS AMERI	14,637	15,296
120568BE9 BUNGE LTD FINANCE CO	9,928	10,006
20826FBF2 CONOCOPHILLIPS COMPA	9,924	10,288
38141GB78 VR GOLDMAN SACHS GRO	10,088	10,054
91282CHA2 US TREASURY NOTE	29,674	29,995
91282CNT4 US TREASURY NOTE	10,097	10,072
91282CPJ4 US TREASURY NOTE	24,727	24,641
969457CK4 WILLIAMS COMPANIES	10,226	10,295

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
00143W859 INV OPP DEVELOP MRKT
922908686 VANGUARD SMALL CAP I	AT COST	63,162	106,039
19247U106 COHEN & STEERS INSTL	AT COST	129,865	150,178
957663669 WESTERN ASSET CORE P	AT COST	33,414	33,010
315911750 FIDELITY 500 INDEX F
922908645 VANGUARD MID CAP IND	AT COST	118,683	182,595
78462F103 SPDR S & P 500 ETF T	AT COST	158,758	365,509
74440Y884 PGIM HIGH YIELD-Q 10	AT COST	280,776	271,476
77956H435 T ROWE PR OVERSEAS S
78410G104 SBA COMMUNICATIONS C
872365713 TCW EMRG MRKTS INC-P	AT COST	189,278	205,570
00771X419 GQG PART EMERG MKTS	AT COST	510,000	604,797
922031836 VANGUARD SHORT TERM-	AT COST	351,796	368,006
00769G188 ACADIAN EMG MRKTS PO	AT COST	550,000	643,800
72201P175 PIMCO COMMODITYPL ST	AT COST	300,000	293,153

Description	Amount
MUTUAL FUND TIMING ADJ	16,360
CY PURCHASE OF ACCRUED INTEREST	52
ROC ON CY SALES	452
PY RETURN OF CAPITAL ADJUSTMENT	8,184

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED	30,423	30,423
SCHOLARSHIP ADMIN FEES	57,600			57,600

Category	Amount	Net Investment Income
FOREIGN TAXES	13,648	13,648
FEDERAL TAX PAYMENT - PRIOR YE	5,296	0
FEDERAL ESTIMATES - PRINCIPAL	6,908	0
FOREIGN TAXES ON NONQUALIFIED	1,828	1,827

Name of Stock	End of Year Book Value	End of Year Fair Market Value
594918104 MICROSOFT CORP	177,455	439,611
009126202 AIR LIQUIDE - ADR	5,647	8,601
049255706 ATLAS COPCO AB ADR	4,284	7,200
448579102 HYATT HOTELS CORP	13,886	26,613
422806208 HEICO CORP CL A	47,681	110,564
743315103 PROGRESSIVE CORP OHI
874039100 TAIWAN SEMICONDUCTOR	7,797	39,810
767204100 RIO TINTO PLC - ADR	14,372	18,887
907818108 UNION PACIFIC CORP	20,415	25,214
257651109 DONALDSON CO INC	17,762	28,815
101137107 BOSTON SCIENTIFIC CO	14,407	36,138
22160N109 COSTAR GROUP, INC	48,923	47,808
037833100 APPLE INC	135,526	416,490
674599162 OCCIDENTAL PETROLEUM	233	906
609207105 MONDELEZ INTERNATION	20,309	19,809
55354G100 MSCI INC	32,286	40,735
32051X108 FIRST HAWAIIAN INC	20,608	35,091
48251W104 KKR & CO INC -A	18,887	81,842
570535104 MARKEL GROUP INC	32,222	64,490
45662N103 INFINEON TECHNOLOGIE
56501R106 MANULIFE FINANCIAL C	25,251	55,654
05946K101 BANCO BILBAO VIZCAYA	2,488	16,876
749607107 RLI CORP COM	31,223	40,435
252131107 DEXCOM INC	35,876	25,154
344419106 FOMENTO ECONOMICO ME	16,851	24,156
005098108 ACUSHNET HOLDINGS CO	22,014	52,362
87155N109 SYMRISE AG ADR	9,290	6,298
91324P102 UNITEDHEALTH GROUP I	38,333	24,758
217204106 COPART INC COM	36,868	67,377
502117203 L'OREAL - ADR	13,778	17,558
74164M108 PRIMERICA INC	28,833	66,657
67066G104 NVIDIA CORP	111,937	448,346
983793100 XPO INC	7,725	30,716
595017104 MICROCHIP TECHNOLOGY
929160109 VULCAN MATERIALS COM	55,012	96,119
92826C839 VISA INC-CLASS A SHR	66,628	116,085
09857L108 BOOKING HOLDINGS INC
60786M105 MOELIS & CO	11,812	42,481
75524B104 RBC BEARINGS INC	13,239	46,637
023135106 AMAZON COM INC COM	194,090	282,755
64110L106 NETFLIX INC	34,831	49,693
76657Y101 RIGHTMOVE PLC-UNSP A	27,542	27,498
169656105 CHIPOTLE MEXICAN GRI	22,442	26,307
829073105 SIMPSON MFG INC COM	33,434	66,849
87184P109 SYSMEX CORP-UNSPON A	17,522	8,746
776696106 ROPER TECHNOLOGIES I	36,938	41,842
92532F100 VERTEX PHARMACEUTICA	16,129	27,202
67103H107 O'REILLY AUTOMOTIVE	26,231	85,920
72341E304 PING AN INSURANCE-AD	12,701	10,504
384109104 GRACO INC	29,185	43,854
311900104 FASTENAL CO	12,480	24,640
366651107 GARTNER INC
902252105 TYLER TECHNOLOGIES I	27,351	34,500
H01301128 ALCON INC	8,819	11,585
46625H100 JPMORGAN CHASE & CO	23,554	77,977
562750109 MANHATTAN ASSOCIATES	10,906	20,971
23304Y100 DBS GROUP HOLDINGS L	14,848	37,054
80687P106 SCHNEIDER ELECTRIC S	19,191	25,654
02319V103 AMBEV SA-SPN ADR
052769106 AUTODESK INC
H2906T109 GARMIN LTD	9,961	21,096
893641100 TRANSDIGM GROUP INC	62,849	143,624
526057104 LENNAR CORPORATION C	21,192	31,251
78409V104 S&P GLOBAL INC	14,115	25,607
896239100 TRIMBLE INC
90384S303 ULTA BEAUTY INC	16,233	36,906
237545108 DASSAULT SYSTEMES S.	9,733	7,036
40415F101 HDFC BANK LTD. - ADR	22,210	27,588
29429L105 EPIROC AB-UNSP ADR
235851102 DANAHER CORP	32,420	37,085
03662Q105 ANSYS INC
615369105 MOODYS CORP	8,461	15,326
88032Q109 TENCENT HOLDINGS LTD	28,631	33,605
018820100 ALLIANZ SE - UNSP AD	34,359	65,872
778296103 ROSS STORES INC	9,018	15,132
92345Y106 VERISK ANALYTICS INC	7,603	10,290
94106L109 WASTE MANAGEMENT INC	20,635	34,055
M98068105 WIX.COM LTD	4,464	5,714
670108109 NOVONESIS (NOVOZYMES	5,455	5,980
45866F104 INTERCONTINENTAL EXC	13,256	21,703
73278L105 POOL CORPORATION
824667109 SHIONOGI & CO LTD-UN	10,192	9,833
69343P105 LUKOIL PJSC-SPON ADR	13,111
150870103 CELANESE CORP
278865100 ECOLAB INC	43,153	50,666
21036P108 CONSTELLATION BRANDS
538034109 LIVE NATION ENT INC	42,272	75,240
04316A108 ARTISAN PARTNERS ASS	15,893	25,137
43300A203 HILTON WORLDWIDE HOL	60,751	143,338
891092108 TORO CO	52,874	57,072
115236101 BROWN & BROWN INC	39,904	60,731
91879Q109 VAIL RESORTS INC COM
30303M102 META PLATFORMS INC	66,244	206,608
001317205 AIA GROUP LTD-SP ADR	34,700	41,728
171269103 CHUGAI PHARMACEUTIC-	12,423	21,489
426281101 HENRY JACK & ASSOC I	43,373	46,532
25754A201 DOMINOS PIZZA INC	25,247	32,929
45168D104 IDEXX CORP	16,459	31,120
90460M204 UNI CHARM CORPORATIO	12,303	5,550
573284106 MARTIN MARIETTA MATL	40,785	65,379
192446102 COGNIZANT TECH SOLUT
02079K107 ALPHABET INC CL C	76,886	347,063
892356106 TRACTOR SUPPLY CO CO	12,008	22,254
29084Q100 EMCOR GROUP INC COM	3,280	33,648
G29183103 EATON CORP PLC	11,034	31,851
09260D107 BLACKSTONE INC	16,069	40,231
83569C102 SONOVA HOLDIN-UNSPON	4,695	5,686
771195104 ROCHE HOLDINGS LTD -	36,050	46,258
00287Y109 ABBVIE INC	23,314	45,241
015393101 ALFA LAVAL AB-UNSPON	7,390	14,217
617446448 MORGAN STANLEY	8,578	31,423
500458401 KOMATSU LIMITED - AD	10,738	10,382
11135F101 BROADCOM INC	25,648	264,767
00783V104 ADYEN NV-UNSPON ADR	11,284	11,610
17275R102 CISCO SYSTEMS INC
803054204 SAP SE ADR
942749102 WATTS WATER TECHNOLO	21,875	62,105
911312106 UNITED PARCEL SERVIC
532457108 ELI LILLY & CO COM	17,879	131,111
75513E101 RTX CORP	17,057	49,151
172967424 CITIGROUP INC.	23,774	56,595
302941109 FTI CONSULTING INC C	32,215	54,666
92343E102 VERISIGN INC COM
143130102 CARMAX INC
12504L109 CBRE GROUP INC	33,615	74,607
87612E106 TARGET CORP
81762P102 SERVICENOW INC	19,985	32,170
79466L302 SALESFORCE INC	63,573	71,791
34964C106 FORTUNE BRANDS INNOV
G1151C101 ACCENTURE PLC
883556102 THERMO FISHER SCIENT	26,086	38,244
G0450A105 ARCH CAPITAL GROUP L	6,730	20,815
904767704 UNILEVER PLC - ADR
303075105 FACTSET RESH SYS INC
136375102 CANADIAN NATL RR CO	5,069	5,634
58933Y105 MERCK & CO INC NEW
89151E109 TOTALENERGIES SE -SP
016255101 ALIGN TECHNOLOGY INC
697435105 PALO ALTO NETWORKS I	8,124	36,472
641069406 NESTLE S.A. REGISTER	29,692	32,202
088606108 BHP GROUP LTD-SPON A
03990B101 ARES MANAGEMENT CORP	19,298	30,871
097023105 BOEING CO	40,103	52,109
221006109 CORVEL CORP	30,556	36,609
26876F102 ENN ENERGY HOLDINGS-
867224107 SUNCOR ENERGY INC NE	25,607	49,461
515098101 LANDSTAR SYS INC COM	48,947	41,817
50189K103 LCI INDUSTRIES	24,612	22,448
40523H106 HAIER SMART HOME CO	10,384	10,300
715684106 PT TELEKOMUNIKASI IN	8,903	8,631
679295105 OKTA INC	37,060	35,107
185123106 CLEARWATER ANALYTICS
233802107 DAIFUKU CO LTD - UNS	7,233	10,644
46120E602 INTUITIVE SURGICAL I	18,536	44,742
7591EP100 REGIONS FINL CORP NE	17,782	24,824
113004105 BROOKFIELD ASSET MAN	10,045	18,441
437076102 HOME DEPOT INC	27,465	29,937
29109X106 ASPEN TECHNOLOGY INC
05945F103 BANCFIRST CORP	25,579	30,322
82455C101 SHIMANO INC-UNSPON A
780259305 ROYAL DUTCH SHELL PL	36,372	48,203
11271J107 BROOKFIELD CORP	40,469	100,637
492089107 KERINGIUNSPONSORED A	12,515	12,380
00724F101 ADOBE INC	74,657	53,898
007903107 ADVANCED MICRO DEVIC	14,181	35,765
045387107 ASSA ABLOY AB-UNSP A	7,820	12,378
055622104 BP PLC - ADR	21,194	20,109
05964H105 BANCO SANTANDER CEN-	11,684	33,947
102117108 BOUYGUES SA ADR	18,527	26,905
12562Y100 CK HUTCHISON HOLDIN-	20,286	22,848
127387108 CADENCE DESIGN SYSTE	24,338	35,634
13646K108 CANADIAN PACIFIC KAN	27,870	30,115
210771200 CONTINENTAL AG-SPONS
29265W207 ENEL SOCIETA PER AZI	18,702	28,576
35958N107 FUJIFILM HLDGS CORP	22,904	24,015
359590304 FUJITSU LIMITED - AD	13,514	25,706
361ESC049 ESC GCI LIBERTY INC
372303206 GENMAB A/S -SP ADR	13,417	11,735
37733W204 GSK PLC ADR	25,130	33,985
405552100 HALEON PLC ADR	15,151	18,350
433578507 HITACHI LIMITED - AD	2,384	5,647
438128308 HONDA MOTOR CO., LTD	15,473	14,769
45262P102 IMPERIAL BRANDS PLC-
48282T104 KADANT INC	28,210	35,342
485537401 KAO CORP ADR
493732101 K.FORCE, INC.	13,085	6,555
500472303 PHILIPS ELECTRONICS	17,485	22,206
531229755 LIBERTY MEDIA CORP-L	10,369	28,272
531229771 LIBERTY MEDIA CORP-L	11,679	14,748
539439109 LLOYDS BANKING GROUP	14,808	34,683
580135101 MCDONALDS CORP	30,968	32,702
606776201 MITSUBISHI ELECTRIC-	8,871	18,270
66987V109 NOVARTIS AG - ADR	9,214	10,340
78460A106 SNAM RETE GAS-UNSPON	25,020	33,123
78467K107 SSE PLC-SPN ADR	24,472	35,432
80105N105 SANOFI-ADR	30,507	28,688
813113206 SECOM LTD UNSPONSORE	12,670	13,027
82929R304 SINGAPORE TELECOMMUN
835699307 SONY GROUP CORP - SP	34,689	45,568
855244109 STARBUCKS CORP COM	26,956	22,737
881575401 TESCO PLC ADR
88339J105 TRADE DESK INC/THE	30,293	18,297
892330101 TOYOTA INDUSTRIES CO	15,206	22,656
90278Q108 UFP INDUSTRIES INC	35,496	32,778
911271302 UNITED OVERSEAS BANK	27,303	30,759
915436208 UPM-KYMMENE OYJ-UNSP	12,000	12,093
92890T205 WH GROUP LTD - SPON
92937A102 WPP PLC NEW ADR	20,069	9,096
941848103 WATERS CORP	14,436	18,232
G2519Y108 CREDICORP LTD	7,744	14,063
G54950103 NEW LINDE PLC
031100100 AMETEK INC COM	14,995	18,273
032654105 ANALOG DEVICES INC	57,057	66,715
040413205 ARISTA NETWORKS INC	4,192	42,847
084423102 BERKLEY W R CORP	6,320	8,344
09290D101 BLACKROCK INC	16,511	39,603
110448107 BRITISH AMERICAN TOB	17,092	25,989
11276H106 BROOKFIELD INFRASTRU	47,850	63,288
11285B108 BROOKFIELD RENEWABLE	21,759	22,889
12510Q100 CCC INTELLIGENT SOLU	23,545	16,592
19624Y200 COLOPLAST A/S-SPONSO	6,740	4,505
219948106 CORPAY INC	18,025	23,172
23804L103 DATADOG INC	37,770	40,933
25157Y202 DEUTSCHE POST AG ADR	24,712	32,322
25461D100 DISCO CORP- UNSPONSO	23,325	25,008
29362U104 ENTEGRIS INC	31,336	26,623
303250104 FAIR ISSAC, INC	41,490	50,719
339750101 FLOOR & DECOR HOLDIN	26,781	19,119
363576109 GALLAGHER ARTHUR J &	30,809	27,949
40052P107 GRUPO FIN BANORTE-SP	6,753	8,031
48667L106 KDDI CORP-UNSPONSORE	28,229	30,240
49338L103 KEYSIGHT TECHNOLOGIE	26,705	31,291
500467501 KONINKLIJKE AHOLD-SP
512807306 LAM RESH CORP	7,675	50,669
571748102 MARSH & MCLENNAN COS	36,943	31,353
58733R102 MERCADOLIBRE INC	12,328	14,100
60921V200 MONDI PLC ADR	10,581	7,164
64125C109 NEUROCRINE BIOSCIENC	26,214	27,657
71385M107 PERIMETER SOLUTIONS	6,738	17,729
74275K108 PROCORE TECHNOLOGIES	14,440	13,166
78351F107 RYAN SPECIALTY HOLDI	14,013	10,997
87873R101 TECHTRONIC INDUSTRIE	9,277	7,370
922475108 VEEVA SYSTEMS INC	39,136	43,976
92338C103 VERALTO CORP	3,800	3,792
92537N108 VERTIV HOLDINGS LLC	14,430	31,754
927320101 VINCI SA ADR	21,275	25,203
94106B101 WASTE CONNECTIONS IN	18,879	18,413
98980A105 ZTO EXPRESS CAYMAN I
G87052109 TE CONNECTIVITY PLC	12,900	31,396
002824100 ABBOTT LABS	32,240	29,694
009158106 AIR PRODS & CHEMS IN	18,660	14,821
03783C100 APPFOLIO INC	15,029	14,890
045519402 ASSOC BRITISH FOODS-	25,008	24,817
05523R107 BAE SYSTEMS PLC - AD	17,799	18,204
084670702 BERKSHIRE HATHAWAY I	28,191	26,640
13961R100 CAPGEMINI SE - UNSPO	24,748	27,239
20449X401 COMPASS GROUP PLC AD	7,830	7,358
210919106 CATL ADR	16,663	18,441
26969P108 EAGLE MATLS INC	6,593	6,407
29429L402 EPIROC AB ADR	8,217	12,837
36828A101 GE VERNOVA INC	29,387	28,104
420261109 HAWKINS INC	11,751	10,512
45780R101 INSTALLED BUILDING P	41,919	43,059
50212V100 LPL FINANCIAL HOLDIN	35,123	34,645
51809L109 LASERTEC CORP ADR	17,458	21,225
530909308 LIBERTY LIVE HOLDING	9,716	9,314
55379N106 M3 INC ADR	8,950	7,639
620076307 MOTOROLA SOLUTIONS,	31,905	28,366
64110W102 ADR NETEASE INC ADR	11,073	13,212
653656108 NICE LTD - SPON ADR	18,808	15,713
674388103 OBIC CO LTD ADR	11,644	10,307
68389X105 ORACLE CORPORATION	38,203	28,067
714264306 PERNOD RICARD SA ADR	30,472	25,193
783513203 RYANAIR HOLDINGS PLC	9,662	12,128
78437M100 SF HOLDING CO LTD AD	7,727	6,532
786584102 SAFRAN SA-UNSPON ADR	9,791	10,272
81141R100 SEA LTD-ADR	7,884	5,230
824551105 SHIN-ETSU CHEMICAL C	4,446	4,635
888787108 TOAST INC	10,450	9,588
90353T100 UBER TECHNOLOGIES IN	71,996	74,601
904767803 UNILEVER PLC ADR	18,841	23,370
931142103 WALMART INC	44,371	53,811
98419M100 XYLEM INC/NY	31,206	33,364
F92124100 TOTALENERGIES SE	35,052	48,018
L8681T102 SPOTIFY TECHNOLOGY S	33,515	27,874
M7S64H106 MONDAY.COM LTD	27,142	21,691
N07059210 ASML HOLDING NV-NY R	48,588	68,471
N5505D105 MAGNUM ICE CREAM CO		6

Description	Amount
RECOVERY OF GRANTS PAID	64,852
PY PURCHASE OF ACCRUED INTEREST	181
COST BASIS ADJUSTMENT	823