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
JEFFERSON D SHATFORD MEMORIAL TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address) 120 WHITE PLAINS ROAD- SUITE 135
  Room/suite
City or town
TARRYTOWN
State or province
NY
Country  
ZIP or foreign postal code
10591
A Employer identification number

13-6029993
B Telephone number (see instructions)

9147713238
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$10,294,240J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 288,811 288,811  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 409,614
b Gross sales price for all assets on line 6a 3,089,853
7 Capital gain net income (from Part IV, line 2)... 409,614
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........ 698,425 698,425  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 74,587 44,752   29,835
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
5,250 3,150 0 2,100
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,504 902 0 602
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,553 3,220   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)....... Click to see attachment
List of Attached Documents:
// Content
5,832 3,499   2,333
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 90,726 55,523 0 34,870
25 Contributions, gifts, grants paid....... 459,122 459,122
26 Total expenses and disbursements. Add lines 24 and 25 ................ 549,848 55,523 0 493,992
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 148,577
b Net investment income (if negative, enter -0-) 642,902
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 0    
2 Savings and temporary cash investments......... 689,335 156,846 156,846
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)....... 4,000,429 Click to see attachment
List of Attached Documents:
// Content
3,985,763 		7,359,288
c Investments—corporate bonds (attach schedule)....... 2,095,988 Click to see attachment
List of Attached Documents:
// Content
2,794,348 		2,778,106
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,785,752 6,936,957 10,294,240
Liabilities 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
Net Assets or Fund Balances 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........ 6,785,752 6,936,957
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)..... 6,785,752 6,936,957
30 Total liabilities and net assets/fund balances (see instructions). 6,785,752 6,936,957
Part III
Analysis of Changes in Net Assets or Fund Balances
1
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) ...............
1
6,785,752
2
Enter amount from Part I, line 27a .....................
2
148,577
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
52,196
4
Add lines 1, 2, and 3 ..........................
4
6,986,525
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
49,568
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
6,936,957
Form 990-PF (2025)
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 2532.928 ANGEL OAK ULTRASHORT INCOME INSTL   2025-09-26 2025-11-21
b 2809.353 FIDELITY 500 INDEX INSTITUTIONAL PREM     2025-09-26
c 435.332 FIDELITY 500 INDEX INSTITUTIONAL PREM   2020-03-09 2025-11-21
d 2200. ISHARES 20+ YEAR TREASURY BOND   2024-10-25 2025-03-14
e 445. ISHARES MSCI EAFE INDEX   2016-07-29 2025-11-21
5200. ISHARES S&P MIDCAP 400 GROWTH INDEX   2024-10-25 2025-11-21
3750. ISHARES S&P MIDCAP 400 VALUE INDEX   2024-10-25 2025-11-21
375. ISHARES MBS ETF   2024-10-25 2025-11-21
1726. J P MORGAN ETF BETA BUILDERS CANADA     2025-03-14
420. JANUS HENDERSON AAA CLO ETF   2024-10-25 2025-11-21
1100. SPDR PORTFOLIO S&P 600 SM CAP ETF   2024-10-25 2025-09-26
155. VANGUARD EXTENDED DURATION TRS ETF   2025-03-14 2025-11-21
38647.344 VANGUARD SHORT-TERM INVESTMENT-GRADE ADM   2024-10-25 2025-03-14
7850. VANGUARD INTERMEDIATE-TERM TREAS ETF     2025-09-26
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 25,000   25,025 -25
b 650,000   381,970 268,030
c 100,000   41,609 58,391
d 198,524   203,451 -4,927
e 41,241   25,828 15,413
486,461   475,922 10,539
478,317   465,737 12,580
35,758   34,978 780
121,680   80,355 41,325
21,280   21,363 -83
50,557   49,323 1,234
10,512   10,937 -425
400,386   400,000 386
470,137   463,741 6,396
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       -25
b       268,030
c       58,391
d       -4,927
e       15,413
      10,539
      12,580
      780
      41,325
      -83
      1,234
      -425
      386
      6,396
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 409,614
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 ......................... 		Bracket 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. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 8,936
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 8,936
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 8,936
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 3,639
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 3,639
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 5,297
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)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
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.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
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....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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? ................
6
Yes
 
7
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..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
b
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 .
8b
Yes
 
9
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 .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
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 .............
11
 
No
12
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.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website address  
14
The books are in care ofMIDLAND TRUST COMPANY Telephone no. (914) 771-3238

Located at120 WHITE PLAINS ROAD SUITE 135TARRYTOWNNY ZIP+410591
15
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 ........
15
 
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)
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
No
1a
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)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(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)
 
No
(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)
 
No
b
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 ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
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? .............
1d
 
No
2
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)):
a
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?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
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.) ..............
2b
 
 
c
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
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
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.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
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? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(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)
 
No
(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)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
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 ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........
d
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? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
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? .........................
8
 
No
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
MIDLAND TRUST COMPANY TRUSTEE
4 		74,587    
120 WHITE PLAINS ROAD SUITE 135
TARRYTOWN,NY10591
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)
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 arrow0
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)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
9,569,297
b
Average of monthly cash balances.......................
1b
316,845
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
9,886,142
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
9,886,142
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
148,292
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
9,737,850
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
486,893
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.)
1
Minimum investment return from Part IX, line 6..................
1
486,893
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
8,936
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,936
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
477,957
4
Recoveries of amounts treated as qualifying distributions................
4
49,952
5
Add lines 3 and 4............................
5
527,909
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
527,909
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
493,992
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
493,992
Form 990-PF (2025)
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 7 527,909
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 428,837
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: $ 493,992
a Applied to 2024, but not more than line 2a 428,837
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..... 65,155
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 .......... 		462,754
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)
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 or
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
         
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:
DIANE OLEAR
MIDLAND TRUST CO 120 WHITE PLAINS
TARRYTOWN,NY10591
(914) 771-3238
bThe form in which applications should be submitted and information and materials they should include:
SCHOLARSHIP APPLICATION FORM CONTACT FORM
cAny submission deadlines:
DEPENDENT ON THE SCHOOL YEAR OF THE APPLICANT
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SCHOLARSHIPS FOR RELIGIOUS OR EDUCATIONAL PURPOSES
Form 990-PF (2025)
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)
aPaid during the year

ELIZABETH SCHWARTZ
BONNY LEA - SOUTH SHORE COMMUNITY
PO BOX 560 5 COLLICUTT RD
CHESTER,NOVA SCOTIAB0J 1J0
CA 		NONE   SCHOLARSHIP 5,750

NICOLE VIERA-GRIMM
UNIV OF KINGS COLLEGE
6350 COBURG RD
HALIFAX,NOVA SCOTIAB3H 2A1
CA 		NONE   SCHOLARSHIP 5,750

KAYLEE SHEILA HANNISH
ACADIA UNIVERSITY
15 UNIVERSITY AVE
WOLFVILLE,NOVA SCOTIAB4P 2R6
CA 		NONE   SCHOLARSHIP 5,750

MYA REID
ACADIA UNIVERSITY
15 UNIVERSITY AVE
WOLFVILLE,NOVA SCOTIAB49 2R6
CA 		NONE   SCHOLARSHIP 5,750

HAILEY BRIGLEY
MARITIME BUSINESS COLLEGE
1505 BARRINGTON ST M03
HALIFAX,NOVA SCOTIAB3J 3K5
CA 		NONE   SCHOLARSHIP 11,500

MIKAYLA LOJEK-GRAVES
MOUNT ALLISON UNIVERSITY
62A YORK ST
SACKVILLE,NEW BRUNSWICKE4L 1C6
CA 		NONE   SCHOLARSHIP 5,750

LAUREN FLEET
DALHOUSIE UNIVERSITY
PO BOX 15000
HALIFAX,NOVA SCOTIAB3H 4R2
CA 		NONE   SCHOLARSHIP 3,450

CLAYTON MASSEY
DALHOUSIE UNIVERSITY
PO BOX 772514
HALIFAX,NOVA SCOTIAB3H 4R2
CA 		NONE   SCHOLARSHIP 3,450

KAYLIN ANN VICTORY
DALHOUSIE UNIVERSITY
PO BOX 15000
HALIFAX,NOVA SCOTIAB3H 4R2
CA 		NONE   SCHOLARSHIP 3,450

MOLLY CHIPPER
NOVA SCOTIA COMMUNITY COLLEGE
80 MAWIOMI PLACE
DARTMOUTH,NOVA SCOTIAB2Y 0A5
CA 		NONE   SCHOLARSHIP 5,750

DRAKE HARRIS
NOVA SCOTIA COMMUNITY COLLEGE
80 MAWIOMI PLACE
DARTMOUTH,NOVA SCOTIAB2Y 0A5
CA 		NONE   SCHOLARSHIP 5,750

OLIVIA LOGAN
NOVA SCOTIA COMMUNITY COLLEGE
236 BELCHER ST
KENTVILLE,NOVA SCOTIAB4N 0A6
CA 		NONE   SCHOLARSHIP 5,750

LILY GEE
ST MARY'S UNIVERSITY
923 ROBIE ST
HALIFAX,NOVA SCOTIAB3H 3C3
CA 		NONE   SCHOLARSHIP 5,750

EVAN ADAMS-LEWIS
NSCC AKERLY CAMPUS
21 WOODLAWN RD
DARTMOUTH,NOVA SCOTIAB2W 2R7
CA 		NONE   SCHOLARSHIP 5,750

SHANE MCCARTHY
NSCC AKERLY CAMPUS
21 WOODLAWN RD
DARTMOUTH,NOVA SCOTIAB2W 2R7
CA 		NONE   SCHOLARSHIP 5,750

ELLA SNAIR
NCSS AKERLY CAMPUS
21 WOODLAWN RD
DARTMOUTH,NOVA SCOTIAB2W 2R7
CA 		NONE   SCHOLARSHIP 5,750

ELLIOT BREEZE
NSSC LUENBURG CAMPUS
75 HIGH STREET
BRIDGEWATER,NOVA SCOTIAB4V 1V8
CA 		NONE   SCHOLARSHIP 5,750

DYLAN CARVER
NSSC LUENBURG CAMPUS
75 HIGH STREET
BRIDGEWATER,NOVA SCOTIAB4V 1V8
CA 		NONE   SCHOLARSHIP 5,750

DEVIN EINCK
NSSC LUENBURG CAMPUS
75 HIGH STREET
BRIDGEWATER,NOVA SCOTIAB4V 1V8
CA 		NONE   SCHOLARSHIP 5,750

CAMDEN COOLEN
HOLLAND COLLEGE PEI
140 WEYMOUTH ST
CHARLOTTETOWN,PRINCE EDWARD ISLC1A 4Z1
CA 		NONE   SCHOLARSHIP 5,750

AVA MILLER
UNIVERSITY OF BRITISH COLUMBIA OKANAGAN
3333 UNIVERSITY WAY
KELOWNA,BRITISH COLUMBIAV1V 1V7
CA 		NONE   SCHOLARSHIP 5,750

NELL MCCLARE
UNIVERSITY OF OTTAWA
75 LAURIER AVE EAST ROOM 129
OTTAWA,ONTARIOK1N 6N5
CA 		NONE   SCHOLARSHIP 5,750

SABRINA ODELL CLARKE
UNIVERSITY OF PRINCE EDWARD ISL
550 UNIVERSITY AVE
CHARLOTTETOWN,PRINCE EDWARD ISLC1A 4P3
CA 		NONE   SCHOLARSHIP 5,750

TANISHA HARNISH-MANUEL
NOVA SCOTIA COMM COLLEGE TRURO
36 ARTHUR STREET
TRURO,NOVA SCOTIAB2N 1X6
CA 		NONE   SCHOLARSHIP 5,750

DOMINICK LOWE
ST MARY'S UNIVERSITY
923 ROBIE STREET
HALIFAX,NOVA SCOTIAB3H 3C3
CA 		NONE   SCHOLARSHIP 2,300

JACK LOWE
SAINT MARYS UNIVERSITY
923 ROBIE ST
HALIFAX,NOVA SCOTIAB3H 3C3
CA 		NONE   SCHOLARSHIP 2,875

HUBBARD'S COMMUNITY WATERFRONT ASSOC

20 YACHT CLUB RD
HUBBARDS,NOVA SCOTIAB0J 1T0
CA 		NONE   SCHOLARSHIP 5,000

ST ANTHONY'S COMMUNITY CENTRE

10243 HIGHWAY 3
HUBBARDS,NOVA SCOTIAB0J 1TO
CA 		NONE   BUILDING UPGRADES & REPAIRS 6,000

THROUGH THE YEARS EARLY LEARNING
CENTRE
20 PTE RICHARD GREEN LN
HUBBARDS,NOVA SCOTIAB0J 1T0
CA 		NONE   FOOD & GROCERY PANTRY 1,500

ANTHONY COFFIN
DEXTER INSTITUTE PRIVATE CAREER COLLEGE
PO BOX 748100
BEDFORD,NOVA SCOTIAB4A 3S6
CA 		NONE   SCHOLARSHIP 2,900

CARTER BLYTH
OPERATING ENGINEERS TRAINING INSTITUTE
PO BOX 103
FALMOUTH,NOVA SCOTIAB0P 0B9
CA 		NONE   SCHOLARSHIP 5,500

ZACHARY SUTHERLAND
READY ARC
70 MCILVEEN DRIVE
SAINT JOHN,NEW BRUNSWICKE2J 4Y7
CA 		NONE   SCHOLARSHIP 9,600

BRIA MATTHEWS
UNIVERSITY OF PRINCE EDWARD ISL
550 UNIVERSITY AVE
CHARLOTTETOWN,PRINCE EDWARD ISLC1A 4P3
CA 		NONE   SCHOLARSHIP 5,750

JAKE LOWE
NOVA SCOTIA COMMUNITY COL - IVANY
80 MAWIOMI PLACE
DARTMOUTH,NOVA SCOTIAB2Y 0A5
CA 		NONE   SCHOLARSHIP 5,750

CHRISTINA MCKINNON
NOVA SCOTIA COMMUNITY COL - IVANY
80 MAWIOMI PLACE
DARTMOUTH,NOVA SCOTIAB2YOA5
CA 		NONE   SCHOLARSHIP 5,750

BROOKE VIENOT
NOVA SCOTIA COMMUNITY COL - IVANY
80 MAWIOMI PLACE
DARTMOUTH,NOVA SCOTIAB2Y 0A5
CA 		NONE   SCHOLARSHIP 5,750

exchange rate difference

PO BOX 111
HALIFAX,NOVA SCOTIAB3H 4R2
CA 		NONE   SCHOLARSHIP 2,403

KEILANA MUNDEN
DALHOUSIE UNIVERSITY
6299 SOUTH ST
HALIFAX,NOVA SCOTIAB3H 4R2
CA 		NONE   SCHOLARSHIP 3,450

HANS FELIX BIEGER
DALHOUSIE UNIVERSITY
6299 SOUTH ST
HALIFAX,NOVA SCOTIAB3H 4R2
CA 		NONE   SCHOLARSHIP 3,450

MAKAYLA COOLEN
MOUNT SAINT VINCENT UNIVERSITY
166 BEDFORD HWY
HALIFAX,NOVA SCOTIAB3M 2J6
CA 		NONE   SCHOLARSHIP 5,750

MEGAN BROWN
MOUNT SAINT VINCENT UNIVERSITY
166 BEDFORD HWY
HALIFAX,NOVA SCOTIAB3M 2J6
CA 		NONE   SCHOLARSHIP 5,750

CHELSEA PINNELL
NOVA SCOTIA COLLEGE OF ART AND DESIGN
5163 DUKE ST
HALIFAX,NOVA SCOTIAB3J 3J6
CA 		NONE   SCHOLARSHIP 5,175

AMBER HASLAM
ACADIA UNIVERSITY
15 UNIVERSITY AVE
WOLFVILLE,NOVA SCOTIAB4P 2R6
CA 		NONE   SCHOLARSHIP 5,750

JESSICA HICK
DALHOUSIE UNIVERSITY
6299 SOUTH ST
HALIFAX,NOVA SCOTIAB3H 4R2
CA 		NONE   SCHOLARSHIP 2,875

VICTORIA FOSTER
MOUNT SAINT VINCENT UNIVERSITY
16 BEDFORD HIGHWAY
HALIFAX,NOVA SCOTIAB3M 2J6
CA 		NONE   SCHOLARSHIP 5,175

NAOMI BLACK
KINGS COLLEGE
1555 CASSIL PLACE
LOS ANGELES,CA90028 		NONE   SCHOLARSHIP 3,450

RUBY TATE
MOUNT ALLISON UNIVERSITY
65 YORK ST
SACKVILLE,NEW BRUNSWICKE4L 1E4
CA 		NONE   SCHOLARSHIP 5,750

FIONN CLANCY
DALHOUSIE UNIVERSITY
6260 SOUTH ST
HALIFAX,NOVA SCOTIAB3H 1T8
CA 		NONE   SCHOLARSHIP 3,450

REBECCA FENNER
DALHOUSIE UNIVERSITY
6260 SOUTH ST
HALIFAX,NOVA SCOTIAB3H 1T8
CA 		NONE   SCHOLARSHIP 3,450

JOHANNA TURTON
MCGILL UNIVERSITY
805 RUE SHERBROOK O
MONTREAL,QUEBECH3A 0B9
CA 		NONE   SCHOLARSHIP 5,750

LINDSAY WALKER
UNIVERSITY OF CALGARY
2500 UNIVERSITY DR
CALGARY,ALBERTAT2N 1N4
CA 		NONE   SCHOLARSHIP 5,175

MACKENZIE MURPHY
ST FRANCIS XAVIER UNIVERSITY
5005 CHAPEL SQ
ANTIGONISH,NOVA SCOTIAB2G 2W5
CA 		NONE   SCHOLARSHIP 11,500

SAWYER DIEPENVEEN
ST MARYS UNIVERSITY
ONE CAMINO SANTA MARIA
SAN ANTONIO,TX78228 		NONE   SCHOLARSHIP 5,750

MARIA MACLEAN-GUY
DALHOUSIE UNIVERSITY
6299 SOUTH ST
Halifax,NOVA SCOTIAB3H 4R2
CA 		NONE   SCHOLARSHIP 1,725

LAURELL GAGNON
ST MARYS UNIVERSITY
ONE CAMINO SANTA MARIA
SAN ANTONIO,TX78228 		NONE   SCHOLARSHIP 5,750

CALLIN WESTHAVER
ST MARYS UNIVERSITY
ONE CAMINO SANTA MARIA
SAN ANTONIO,TX78228 		NONE   SCHOLARSHIP 4,313

JEREMY MACLEAN
ACADIA UNIVERSITY
15 UNIVERSITY AVE
WOLFVILLE,NOVA SCOTIAB4P 2RS
CA 		NONE   SCHOLARSHIP 5,750

GEORGIA NIGHTINGALE
ACADIA UNIVERSITY
15 UNIVERSITY AVE
WOLFVILLE,NOVA SCOTIAB4P 2RS
CA 		NONE   SCHOLARSHIP 5,750

HUBBARDS AREA FOOD BANK

509 FOX POINT RD
HUBBARDS,NOVA SCOTIAB0J 1TO
CA 		NONE   SUPPORT OF ORGANIZATIONS 12,000

CONNOR MACDONALD
DALHOUSIE UNIVERSITY
6299 SOUTH ST
HALIFAX,NOVA SCOTIAB3H 4R2
CA 		NONE   SCHOLARSHIP 4,313

LARKIN YEADON
MOUNT SAINT VINCENT UNIVERSITY
166 BEDFORD HWY
HALIFAX,NOVA SCOTIAB3M 2J6
CA 		NONE   SCHOLARSHIP 5,750

NATALIE INAMURA
UNIVERSITE DE SHERBROOKE
200 DE LUNIVERSITE BOUL
SHERBROOKE,QUEBECJ1K 2R1
CA 		NONE   SCHOLARSHIP 5,750

CATHERINE JOHNSON

6299 SOUTH ST
HALIFAX,NOVA SCOTIAB3H 4R2
CA 		NONE   SCHOLARSHIP 5,750

REBECCA COHOLAN
ATLANTIC SCHOOL OF THEOLOGY
600 FRANCKLYN ST
HALIFAX,NOVA SCOTIAB3H 3B5
CA 		NONE   SCHOLARSHIP 4,600

HUBBARDS AREA LIONS CLUB

43 LIONS CLUB RD
FOX POINT,NOVA SCOTIAB0J 1T0
CA 		NONE   GENERAL SUPPORT 7,000

AUDREY BECKETT
QUEENS UNIVERSITY
74 UNION ST
KINGSTON,ONTARIOK7L 3N5
CA 		NONE   SCHOLARSHIP 5,750

BRIANNA MANUEL
SHERIDAN COLLEGE INSTITUTE OF TECHNOLOGY
1430 TRAFALGAR ROAD
OAKVILLE,ONTARIOL6H 2L1
CA 		NONE   SCHOLARSHIP 5,750

CHARLES MCINNES
DALHOUSIE UNIVERSITY
2699 SOUTH ST
HALIFAX,NOVA SCOTIAB3H 4R2
CA 		NONE   SCHOLARSHIP 1,725

DAWSON HARNISH
ACADIA UNIVERSITY
15 UNIVERSITY AVE
WOLFVILLE,NOVA SCOTIAB4P 2R6
CA 		NONE   SCHOLARSHIP 5,750

EVELYN GEE
MOUNT SAINT VINCENT UNIVERSITY
166 BEDFORD HWY
HALIFAX,NOVA SCOTIAB3M 2J6
CA 		NONE   SCHOLARSHIP 4,313

ELLIE NIGHTINGALE
DALHOUSIE UNIVERSITY
6299 SOUTH ST
HALIFAX,NOVA SCOTIAB3H 4R2
CA 		NONE   SCHOLARSHIP 3,105

HANNAH ROBICHAUD
SAINT MARYS UNIVERSITY
923 ROBIE ST
HALIFAX,NOVA SCOTIAB3H 3C3
CA 		NONE   SCHOLARSHIP 5,750

JENNIFER BIRRETT
ST FRANCIS XAVIER UNIVERSITY
5005 CHAPEL SQUARE
ANTIGONISH,NOVA SCOTIAB2G 2W5
CA 		NONE   SCHOLARSHIP 10,350

KATHERINE BEAZLEY
UNIVERSITY OF WATERLOO
200 UNIVERSITY AVE WEST
WATERLOO,ONTARION2L 3G1
CA 		NONE   SCHOLARSHIP 5,750

KYLE CARVER
DALHOUSIE UNIVERSITY
6299 SOUTH ST
HALIFAX,NOVA SCOTIAB3H 4R2
CA 		NONE   SCHOLARSHIP 3,450

KELSEY HASLAM
SAINT MARYS UNIVERSITY
923 ROBIE ST
HALIFAX,NOVA SCOTIAB3H 3C3
CA 		NONE   SCHOLARSHIP 5,750

OCEAN BOULAY
ST FRANCIS XAVIER UNIVERSITY
5005 CHAPEL SQUARE
ANTIGONISH,NOVA SCOTIAB2G 2W5
CA 		NONE   SCHOLARSHIP 11,500

OLIVER GAGNON
DALHOUSIE UNIVERSITY
6299 SOUTH ST
HALIFAX,NOVA SCOTIAB3H 4R2
CA 		NONE   SCHOLARSHIP 3,450

STEPHANIE NAEREBOUT
NEW BRUNSWICK COLLEGE OF CRAFT & DESIGN
457 QUEEN STREET
FREDERICTON,NEW BRUNSWICKE3B 1B7
CA 		NONE   SCHOLARSHIP 3,000

TAYLOR POWER
NSCC - STRAIT AREA CAMPUS
226 REEVES STREET
HAWKESBURY,NOVA SCOTIAB9A 2A2
CA 		NONE   SCHOLARSHIP 5,750

ZACHARY CHIPPER
NOVA SCOTIA COMMUNITY COLLEGE - IVANY
80 MAWIOMI PLACE
DARTMOUTH,NOVA SCOTIAB2Y 0A4
CA 		NONE   SCHOLARSHIP 5,750

AARON PATRICK JOHN
MANHATTAN COLLEGE
4513 MANHATTAN COLLEGE PKY
RIVERDALE,NY10471 		NONE   SCHOLARSHIP 5,750

BROOKLYN DELOREY-MOSHE
MARITIME BUSINESS COLLEGE
800 SACKVILLE DRIVE
LOWER SACKVILLE,NOVA SCOTIAB4E 1R8
CA 		NONE   SCHOLARSHIP 5,750

CHELSEY-GRACE VEINOTTE
SAINT MARYS UNIVERSITY
923 ROBIE ST
HALIFAX,NOVA SCOTIAB3H 3C3
CA 		NONE   SCHOLARSHIP 5,750

SIMON ALEXANDER FOOTE
MOUNT ALLISON UNIVERSITY
62 YORK ST
SACKVILLE,NEW BRUNSWICKE4L 1A7
CA 		NONE   SCHOLARSHIP 5,750

ASPOTOGAN CONSOLIDATED ELEMENTARY SCHOOL

105 PARKWOOD DRIVE
HUBBARDS,NOVA SCOTIAB0J 1T0
CA 		NONE   GENERAL SUPPORT 1,200
Total ................................. 3a 459,122
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
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
a
b
c
d
e
f
gFees and contracts from government agencies       0  
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 285,631  
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 ............ 		    18 409,614  
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) ..   695,245  
13Total. Add line 12, columns (b), (d), and (e)..................
13
695,245
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		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)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
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
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
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
2a
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? ...........
b
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.
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

TY 2025 AccountingFeesSchedule
Name:
JEFFERSON D SHATFORD MEMORIAL TRUST
EIN:
13-6029993
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,504 902   602

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TY 2025 ExpenditureResponsibilityStmt
Name:
JEFFERSON D SHATFORD MEMORIAL TRUST
EIN:
13-6029993
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
HUBBARDS AREA LIONS CLUB
  		 
  		2023-12-14 5,350 CHRISTMAS HAMPER PROGRAM FOOD AND PANTRY ITEM COLLECTION          

TY 2025 InvestmentsCorpBondsSchedule
Name:
JEFFERSON D SHATFORD MEMORIAL TRUST
EIN:
13-6029993
Name of Bond End of Year Book Value End of Year Fair Market Value
THE AMBASSADOR FUND INSTL 300,000 294,428
ISHARES 20 YEAR TREASURY BOND    
ISHARES MBS ETF 861,106 873,644
JANUS HENDERSON AAA CLO ETF 563,139 560,426
VANGUARD INTERMEDIATE-TERM TRE    
VANGUARD SHTM INVEST GRADE ADM    
VANGUARD EXTENDED DURATION 320,128 298,721
ANGEL OAK ULTRASHORT INCOME 749,975 750,887

TY 2025 InvestmentsCorpStockSchedule
Name:
JEFFERSON D SHATFORD MEMORIAL TRUST
EIN:
13-6029993
Name of Stock End of Year Book Value End of Year Fair Market Value
ISHARES MSCI EAFE ET    
SPDR S&P 500 ETF TRU 795,490 3,193,431
FIDELITY 500 INDEX F 363,941 918,970
JPMORGAN BETABUILDER CANADA    
ISHARES TR S&P MIDCAP GROWTH    
ISHARES TR S&P MIDCAP VALUE    
ISHARES CORE MSCI EAFE ETF 599,924 715,680
ISHARES CORE MSCI EMERGING 320,771 375,491
SPDR PORTFOLIO S&P 600 SM CAP 264,553 276,474
AMERICAN BEACON SELECT GLG NAT 238,877 264,600
ISHARES TR S&P MIDCAP 400 INDE 789,536 815,100
ISHARES TR MSCI EAFE INDEX 250,942 441,162
SPDR SER TR S&P KENCHO 361,729 358,380

TY 2025 LegalFeesSchedule
Name:
JEFFERSON D SHATFORD MEMORIAL TRUST
EIN:
13-6029993
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA 5,250 3,150   2,100


TY 2025 OtherDecreasesSchedule
Name:
JEFFERSON D SHATFORD MEMORIAL TRUST
EIN:
13-6029993
Description Amount
MISCELLANEOUS BALANCING ADJUSTMENT 2
2025 TAXABLE INCOME POSTED IN 2026 12,516
2023 PENALTY NOTICE 24,549
2024 EXTENSION PAYMENT 12,500
ROUNDING 1


TY 2025 OtherExpensesSchedule
Name:
JEFFERSON D SHATFORD MEMORIAL TRUST
EIN:
13-6029993
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER ALLOCABLE EXPENSE-PRINCI 40 24   16
OTHER NON-ALLOCABLE EXPENSE - 710 426   284
INVESTMNT MNGMNT FEES (NON-DED 5,082 3,049   2,033


TY 2025 OtherIncreasesSchedule
Name:
JEFFERSON D SHATFORD MEMORIAL TRUST
EIN:
13-6029993
Description Amount
RECOVERY OF PRIOR YEAR GRANTS 50,741
2024 TRANSACTION POSTED IN 2025 1,455


TY 2025 TaxesSchedule
Name:
JEFFERSON D SHATFORD MEMORIAL TRUST
EIN:
13-6029993
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX PAYMENT - PRIOR YE 333 0   0
FOREIGN TAXES ON QUALIFIED FOR 2,544 2,544   0
FOREIGN TAXES ON NONQUALIFIED 676 676   0