TY 2025 Form 990PF

Part I	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books	(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)
	1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	118,601	117,000
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		253,996
b	Gross sales price for all assets on line 6a 3,082,064
7	Capital gain net income (from Part IV, line 2)...		253,996
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........	372,597	370,996
	13	Compensation of officers, directors, trustees, etc.	6,065	5,459		607
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	1,141	0	0	1,141
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	4,460	4,460		0
17	Interest...............				0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	6,585	1,578		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	23	23
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	18,274	11,520	0	1,748
25	Contributions, gifts, grants paid.......	184,000			184,000
26	Total expenses and disbursements. Add lines 24 and 25 ................	202,274	11,520	0	185,748
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	170,323
b	Net investment income (if negative, enter -0-)		359,476
c	Adjusted net income (if negative, enter -0-)...			0

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	5. BOOKING HOLDINGS INC		2012-11-29	2025-03-03
b	20. CORPAY INC		2021-07-27	2025-03-03
c	234. FORTUNE BRANDS INNOVATIONS INC		2013-02-05	2025-03-03
d	18. MORGAN STANLEY		2024-04-03	2025-03-03
e	32. MORGAN STANLEY		2020-06-05	2025-03-03
	40. ACCENTURE PLC		2012-11-29	2025-03-03
	7845. BAIRD AGGREGATE BOND FUND-INST 72		2022-04-27	2025-03-20
	1130. EMBARK COMMODITY STRAT-RTR		2024-04-19	2025-03-20
	139. ISHARES CORE MSCI EMERGING ETF		2021-07-26	2025-03-20
	4949.853 PIMCO TOTAL RET FD-INST #35		2019-02-27	2025-03-20
	621. PIMCO COMMODITY REAL RET STRAT-I45		2021-07-26	2025-03-20
	3436. T ROWE PR OVERSEAS STOCK-I #521		2023-05-10	2025-03-20
	44157.67 BAIRD AGGREGATE BOND FUND-INST 72		2022-04-27	2025-05-28
	6562.615 FIDELITY NEW MRKTS INC-Z #3323		2016-01-25	2025-05-28
	419.985 GLDMN SCHS GQG PRT INTL-R6 4946		2025-03-20	2025-05-28
	5681.626 GLDMN SCHS GQG PRT INTL-R6 4946		2023-05-10	2025-05-28
	9336.135 EMBARK COMMODITY STRAT-RTR		2024-07-23	2025-05-28
	6610.839 EMBARK COMMODITY STRAT-RTR		2024-04-19	2025-05-28
	12484.96 EMBARK SMALL CAP EQUITY-RTR		2024-09-05	2025-05-28
	670.852 EMBARK SMALL CAP EQUITY-RTR		2025-03-20	2025-05-28
	33578.101 NYLI MACKAY HIGH YILD CBF-R6		2024-09-05	2025-05-28
	35. OKTA INC		2021-12-20	2025-05-28
	2019.351 PIMCO TOTAL RET FD-INST #35		2024-07-23	2025-05-28
	18032.823 PIMCO TOTAL RET FD-INST #35		2022-04-27	2025-05-28
	534.825 PIMCO COMMODITY REAL RET STRAT-I45		2024-07-23	2025-05-28
	5569.311 PIMCO COMMODITY REAL RET STRAT-I45		2021-07-26	2025-05-28
	2026.595 PRINCIPAL MIDCAP FUND-R6 #4268		2024-07-23	2025-05-28
	941.112 PRINCIPAL MIDCAP FUND-R6 #4268		2025-03-20	2025-05-28
	6276.945 T ROWE PR OVERSEAS STOCK-I #521		2022-04-27	2025-05-28
	26055.002 TCW EMRG MRKTS INC-PLAN #5721		2018-07-18	2025-05-28
	140.683 TOUCHSTONE MID CAP-R6 #355		2025-03-20	2025-05-28
	3120.47 TOUCHSTONE MID CAP-R6 #355		2020-02-20	2025-05-28
	1940. FIRST TRUST GLOBAL TACTICAL		2025-05-28	2025-06-18
	626. SPDR GOLD MINISHARES TRUST ETF		2025-01-01	2025-07-11
	626. SPDR GOLD MINISHARES TRUST ETF		2025-01-01	2025-08-08
	34. ALPHABET INC CL C		2024-09-05	2025-08-19
	66. ALPHABET INC CL C		2018-11-16	2025-08-19
	54. AMAZON COM INC COM		2025-03-20	2025-08-19
	30. APPLE INC		2025-03-20	2025-08-19
	24. APPLE INC		2012-11-29	2025-08-19
	41. ARISTA NETWORKS INC		2025-03-20	2025-08-19
	30. BOSTON SCIENTIFIC CORP COM		2024-09-05	2025-08-19
	40. BOSTON SCIENTIFIC CORP COM		2015-04-16	2025-08-19
	31. BROADCOM INC		2025-03-20	2025-08-19
	10. CADENCE DESIGN SYSTEMS INC		2024-03-26	2025-08-19
	72. CONSTELLATION BRANDS INC		2015-01-07	2025-08-19
	32. COSTAR GROUP, INC		2024-03-26	2025-08-19
	43. DEXCOM INC		2020-12-09	2025-08-19
	15. META PLATFORMS INC		2024-09-05	2025-08-19
	1. META PLATFORMS INC		2014-01-28	2025-08-19
	1766. FIRST TRUST GLOBAL TACTICAL		2025-05-28	2025-08-19
	29. INTERCONTINENTAL EXCHANGE INC		2012-11-29	2025-08-19
	6. INTUITIVE SURGICAL INC		2025-03-20	2025-08-19
	51. ISHARES CORE MSCI EMERGING ETF		2021-03-25	2025-08-19
	17. MICROSOFT CORP		2024-09-05	2025-08-19
	13. MICROSOFT CORP		2025-03-20	2025-08-19
	4. NETFLIX.COM INC		2025-03-20	2025-08-19
	7. NETFLIX.COM INC		2019-09-30	2025-08-19
	134. NVIDIA CORP		2025-03-03	2025-08-19
	37. NVIDIA CORP		2024-08-06	2025-08-19
	27. OKTA INC		2021-12-20	2025-08-19
	2. TRANSDIGM GROUP INC		2025-03-03	2025-08-19
	1615. VANGUARD RUSSELL 2000		2025-05-28	2025-08-19
	22. VANGUARD MIDCAP VIPER		2025-05-28	2025-08-19
	11. VISA INC-CLASS A SHRS		2024-09-05	2025-08-19
	21. XPO INC		2025-03-20	2025-08-19
	55. ALIGN TECHNOLOGY INC		2024-12-19	2025-08-21
	39. ALIGN TECHNOLOGY INC		2015-08-31	2025-08-21
	18. ARISTA NETWORKS INC		2025-03-20	2025-08-21
	42. ARISTA NETWORKS INC		2020-06-29	2025-08-21
	15. CADENCE DESIGN SYSTEMS INC		2024-10-10	2025-08-21
	7. CADENCE DESIGN SYSTEMS INC		2025-05-28	2025-08-21
	216. TRIMBLE NAV LTD		2020-06-05	2025-08-21
	44. VERTIV HOLDINGS LLC		2024-08-06	2025-08-21
	728. SPDR GOLD MINISHARES TRUST ETF		2025-01-01	2025-09-10
	728. SPDR GOLD MINISHARES TRUST ETF		2025-01-01	2025-10-07
	72. ALPHABET INC CL C		2015-04-16	2025-10-13
	19. APPLE INC		2012-11-29	2025-10-13
	72. ARISTA NETWORKS INC		2020-06-29	2025-10-13
	12. BROADCOM INC		2025-03-20	2025-10-13
	8. NETFLIX.COM INC		2019-09-30	2025-10-13
	34. VERTIV HOLDINGS LLC		2024-08-06	2025-10-13
	728. SPDR GOLD MINISHARES TRUST ETF		2025-01-01	2025-11-14
	235. INVESCO OPTIMUM YIELD DIVERSIF ETF		2025-05-28	2025-11-20
	1937. ISHARES CORE U.S. AGGREGATE ETF		2025-08-19	2025-11-20
	180. NETFLIX.COM INC		2017-06-05	2025-11-20
	126. SPDR GOLD MINISHARES TRUST ETF		2025-06-18	2025-11-20
	602. SPDR GOLD MINISHARES TRUST ETF		2025-01-01	2025-12-05
	30. ALPHABET INC CL C		2015-04-16	2025-12-10
	18. ANALOG DEVICES INC		2024-07-02	2025-12-10
	200. COSTAR GROUP, INC		2024-01-25	2025-12-10
	34. POOL CORPORATION		2018-05-10	2025-12-10
	19. VERTIV HOLDINGS LLC		2024-08-06	2025-12-10
	108. GOLDMAN SACHS ACTIVEBETA INT ETF		2025-05-28	2025-12-18
	60. GOLDMAN SACHS ACTIVEBETA INT ETF		2025-11-20	2025-12-18
	51. ISHARES CORE U.S. AGGREGATE ETF		2025-08-19	2025-12-18
	60. ISHARES JP MORGAN USD EMERGING		2025-05-28	2025-12-18
	39. ISHARES CORE MSCI EAFE ETF		2025-05-28	2025-12-18
	34. ISHARES CORE MSCI EAFE ETF		2025-11-20	2025-12-18
	11. MICROSOFT CORP		2025-03-20	2025-12-18
	68. NVIDIA CORP		2025-11-20	2025-12-18
	33. VANGUARD MIDCAP VIPER		2025-05-28	2025-12-18
	35. VANGUARD MIDCAP VIPER		2025-11-20	2025-12-18
	CAPITAL GAIN DIVIDENDS	P
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(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	25,062	3,345	21,717
b	7,401	5,210	2,191
c	15,200	8,189	7,011
d	2,402	1,678	724
e	4,270	1,600	2,670
	13,903	2,734	11,169
	77,352	80,401	-3,049
	12,340	12,227	113
	7,672	8,769	-1,097
	43,014	48,518	-5,504
	8,862	11,684	-2,822
	47,279	41,438	5,841
	427,446	439,312	-11,866
	83,345	91,633	-8,288
	9,282	8,933	349
	125,564	101,417	24,147
	98,496	95,322	3,174
	69,744	71,529	-1,785
	126,473	131,716	-5,243
	6,796	6,709	87
	173,599	175,613	-2,014
	3,756	7,647	-3,891
	17,164	17,326	-162
	153,279	157,775	-4,496
	7,338	6,926	412
	76,411	79,466	-3,055
	92,291	87,225	5,066
	42,858	41,447	1,411
	89,760	75,385	14,375
	169,618	200,102	-30,484
	7,618	7,501	117
	168,973	97,174	71,799
	50,132	47,045	3,087
	3	3
	3	3
	6,935	5,399	1,536
	13,462	8,469	4,993
	12,420	10,422	1,998
	6,940	6,414	526
	5,552	619	4,933
	5,616	3,402	2,214
	3,069	2,454	615
	4,092	726	3,366
	9,323	5,944	3,379
	3,540	3,170	370
	12,078	8,408	3,670
	2,823	3,084	-261
	3,468	4,336	-868
	11,505	7,676	3,829
	767	55	712
	43,723	42,826	897
	5,165	1,430	3,735
	2,885	2,945	-60
	3,175	3,200	-25
	8,755	6,940	1,815
	6,695	5,008	1,687
	4,961	3,800	1,161
	8,681	1,871	6,810
	24,444	16,878	7,566
	6,749	3,846	2,903
	2,485	4,474	-1,989
	2,766	2,729	37
	148,955	134,186	14,769
	6,311	5,927	384
	3,778	3,091	687
	2,700	2,304	396
	7,803	11,878	-4,075
	5,533	5,023	510
	2,371	1,493	878
	5,533	541	4,992
	5,207	4,217	990
	2,430	2,171	259
	17,347	9,909	7,438
	5,560	2,986	2,574
	4	3	1
	4	4
	17,523	2,898	14,625
	4,723	401	4,322
	10,540	927	9,613
	4,266	2,301	1,965
	9,739	2,086	7,653
	6,098	2,307	3,791
	5	4	1
	3,200	2,997	203
	194,051	191,785	2,266
	19,762	2,970	16,792
	10,175	8,450	1,725
	4	3	1
	9,615	800	8,815
	5,060	4,139	921
	13,632	16,752	-3,120
	8,178	4,987	3,191
	3,507	1,289	2,218
	4,611	4,214	397
	2,561	2,450	111
	5,112	5,050	62
	5,795	5,425	370
	3,446	3,207	239
	3,004	2,950	54
	5,338	4,238	1,100
	11,868	13,328	-1,460
	9,631	8,890	741
	10,214	9,960	254
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			90

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			21,717
b			2,191
c			7,011
d			724
e			2,670
			11,169
			-3,049
			113
			-1,097
			-5,504
			-2,822
			5,841
			-11,866
			-8,288
			349
			24,147
			3,174
			-1,785
			-5,243
			87
			-2,014
			-3,891
			-162
			-4,496
			412
			-3,055
			5,066
			1,411
			14,375
			-30,484
			117
			71,799
			3,087


			1,536
			4,993
			1,998
			526
			4,933
			2,214
			615
			3,366
			3,379
			370
			3,670
			-261
			-868
			3,829
			712
			897
			3,735
			-60
			-25
			1,815
			1,687
			1,161
			6,810
			7,566
			2,903
			-1,989
			37
			14,769
			384
			687
			396
			-4,075
			510
			878
			4,992
			990
			259
			7,438
			2,574
			1

			14,625
			4,322
			9,613
			1,965
			7,653
			3,791
			1
			203
			2,266
			16,792
			1,725
			1
			8,815
			921
			-3,120
			3,191
			2,218
			397
			111
			62
			370
			239
			54
			1,100
			-1,460
			741
			254

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	253,996
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 .........................		3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	4,997
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	4,997
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	4,997
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	3,152
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	3,152
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	1,845
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.

(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	6,065
100 N MAIN ST FL 5D4001-052 WINSTON SALEM,NC27101

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

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

		(a) Corpus	(b) Years prior to 2024	(c) 2024	(d) 2025
1 Distributable amount for 2025 from Part X, line 7					224,221
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				183,605
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: $ 185,748
a Applied to 2024, but not more than line 2a				183,605
b Applied to undistributed income of prior years (Election required—see instructions) .....			0
c Treated as distributions out of corpus (Election required—see instructions) ........		0
d Applied to 2025 distributable amount.....					2,143
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 ..........					222,078
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

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

NONE

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

3 Grants and Contributions Paid During the Year or Approved for Future Payment
aPaid during the year
PENNA ACADEMY OF THE FINE ARTS 128 NORTH BROAD STREET PHILADELPHIA,PA19102	NONE	SCHOLARSHIP	92,000
BRYN MAWR COLLEGE 101 N MERION AVE BRYN MAWR,PA19010	NONE	SCHOLARSHIP	92,000
Total ................................. 3a	184,000

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

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

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

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.........	230,012	225,419	225,419
	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).......	584,395	List of Attached Documents: // Content 693,550	1,931,095
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,453,616	List of Attached Documents: // Content 2,517,892	2,749,544
	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)	3,268,023	3,436,861	4,906,058
	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........	3,268,023	3,436,861
	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).....	3,268,023	3,436,861
	30	Total liabilities and net assets/fund balances (see instructions).	3,268,023	3,436,861

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

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	118,601
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	253,996
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) ..				372,597

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.

Name of Stock	End of Year Book Value	End of Year Fair Market Value
235851102 DANAHER CORP	11,923	27,013
892356106 TRACTOR SUPPLY CO CO	2,713	15,003
617446448 MORGAN STANLEY	5,773	23,434
023135106 AMAZON COM INC COM	23,744	120,026
252131107 DEXCOM INC	17,589	21,902
45866F104 INTERCONTINENTAL EXC	2,516	15,386
278865100 ECOLAB INC	12,131	23,102
594918104 MICROSOFT CORP	15,057	161,045
73278L105 POOL CORPORATION
34964C106 FORTUNE BRANDS INNOV
09857L108 BOOKING HOLDINGS INC
92826C839 VISA INC-CLASS A SHR	7,901	50,152
79466L302 SALESFORCE INC	14,506	32,849
016255101 ALIGN TECHNOLOGY INC
169656105 CHIPOTLE MEXICAN GRI	28,347	19,425
896239100 TRIMBLE INC
893641100 TRANSDIGM GROUP INC	7,472	25,267
983793100 XPO INC	8,735	27,046
30303M102 META PLATFORMS INC	6,279	84,492
64110L106 NETFLIX INC	330	1,875
81762P102 SERVICENOW INC	11,262	25,276
67066G104 NVIDIA CORP	48,351	282,921
11135F101 BROADCOM INC	7,913	96,908
92532F100 VERTEX PHARMACEUTICA	8,647	23,575
90384S303 ULTA BEAUTY INC	10,980	26,620
G1151C101 ACCENTURE PLC
78409V104 S&P GLOBAL INC	7,222	24,039
697435105 PALO ALTO NETWORKS I	3,609	27,262
532457108 ELI LILLY & CO COM	12,757	45,137
02079K107 ALPHABET INC CL C	8,017	136,503
21036P108 CONSTELLATION BRANDS
101137107 BOSTON SCIENTIFIC CO	4,852	25,745
037833100 APPLE INC	11,020	141,911
679295105 OKTA INC	27,172	24,730
46120E602 INTUITIVE SURGICAL I	17,541	34,548
127387108 CADENCE DESIGN SYSTE	17,206	25,006
13646K108 CANADIAN PACIFIC KAN	17,170	23,782
88339J105 TRADE DESK INC/THE	26,888	14,539
00724F101 ADOBE INC	31,799	26,949
032654105 ANALOG DEVICES INC	15,866	18,984
040413205 ARISTA NETWORKS INC	8,060	35,640
219948106 CORPAY INC	13,512	16,852
22160N109 COSTAR GROUP, INC
23804L103 DATADOG INC	27,650	30,326
64125C109 NEUROCRINE BIOSCIENC	19,215	19,573
91324P102 UNITEDHEALTH GROUP I	29,959	18,486
92537N108 VERTIV HOLDINGS LLC	9,124	20,251
36828A101 GE VERNOVA INC	18,965	16,993
68389X105 ORACLE CORPORATION	27,918	19,491
90353T100 UBER TECHNOLOGIES IN	25,582	26,556
931142103 WALMART INC	17,571	19,385
L8681T102 SPOTIFY TECHNOLOGY S	23,470	19,744
M7S64H106 MONDAY.COM LTD	19,236	15,346


(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

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
PENNA ACADEMY OF THE FINE ARTS 128 NORTH BROAD STREET PHILADELPHIA,PA19102	NONE		SCHOLARSHIP	92,000
BRYN MAWR COLLEGE 101 N MERION AVE BRYN MAWR,PA19010	NONE		SCHOLARSHIP	92,000
Total ................................. 3a				184,000

bApproved for future payment

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

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
872365713 TCW EMRG MRKTS INC-P
693390700 PIMCO TOTAL RET FD-I
74440Y884 PGIM HIGH YIELD-Q 10	AT COST	143,944	141,233
057071854 BAIRD AGGREGATE BOND
31641Q755 FIDELITY NEW MRKTS I
922908629 VANGUARD MIDCAP VIPE	AT COST	401,956	516,301
46434G103 ISHARES CORE MSCI EM	AT COST	275,777	287,567
722005667 PIMCO COMMODITY REAL
77956H435 T ROWE PR OVERSEAS S
89155T490 TOUCHSTONE MID CAP-R
38147N269 GLDMN SCHS GQG PRT I
41152J108 EMBARK COMMODITY STR
41152J306 EMBARK SMALL CAP EQU
46432F842 ISHARES CORE MSCI EA	AT COST	243,178	288,598
56063N881 NYLI MACKAY HIGH YIL
74256W584 PRINCIPAL MIDCAP FUN
381430107 GOLDMAN SACHS ACTIVE	AT COST	130,099	143,162
46090F100 INVESCO OPTIMUM YIEL	AT COST	87,277	90,670
464287226 ISHARES CORE U.S. AG	AT COST	552,753	564,422
464288281 ISHARES JP MORGAN US	AT COST	265,531	282,774
46434V613 ISHR CR UNVRSE USD B	AT COST	187,056	191,326
46435U853 ISHARES BROAD USD HI	AT COST	190,002	192,098
98149E303 SPDR GOLD MINISHARES	AT COST	40,319	51,393

Description	Amount
ROC ON CY SALES	8
PY RETURN OF CAPITAL ADJUSTMENT	686
TAX LOT BASIS ADJUSTMENT	2,087
ROUNDING	9

Category	Amount	Net Investment Income
FOREIGN TAXES	896	896
FEDERAL TAX PAYMENT - PRIOR YE	1,855	0
FEDERAL ESTIMATES - PRINCIPAL	3,152	0
FOREIGN TAXES ON NONQUALIFIED	682	682

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