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
VARNUM-DE ROSE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 185
  Room/suite
City or town
PITTSBURGH
State or province
PA
Country  
ZIP or foreign postal code
152300185
A Employer identification number

83-1214640
B Telephone number (see instructions)

2129228218
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)$9,280,842J 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... 238,342 237,154  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 281,019
b Gross sales price for all assets on line 6a 2,800,217
7 Capital gain net income (from Part IV, line 2)... 281,019
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........ 519,361 518,173  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,474 36,201   24,190
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).......        
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
13,639 2,587   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
254 4   250
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 74,367 38,792 0 24,440
25 Contributions, gifts, grants paid....... 425,000 425,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 499,367 38,792 0 449,440
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 19,994
b Net investment income (if negative, enter -0-) 479,381
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.............      
2 Savings and temporary cash investments......... 128,735 400,030 400,030
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).......      
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).......... 7,281,820 Click to see attachment
List of Attached Documents:
// Content
7,029,865 		8,880,812
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) 7,410,555 7,429,895 9,280,842
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........ 7,410,555 7,429,895
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)..... 7,410,555 7,429,895
30 Total liabilities and net assets/fund balances (see instructions). 7,410,555 7,429,895
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
7,410,555
2
Enter amount from Part I, line 27a .....................
2
19,994
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
7
4
Add lines 1, 2, and 3 ..........................
4
7,430,556
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
661
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
7,429,895
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 222. ALLSTATE CORP   2022-11-15 2025-01-10
b 145. APPLIED MATERIALS INC   2024-03-20 2025-01-10
c 82. APPLIED MATERIALS INC   2023-09-25 2025-01-10
d 249. BIO-TECHNE CORP   2024-02-21 2025-01-10
e 220. E Q T CORP   2024-12-13 2025-01-10
136. HUBBELL INC COM     2025-01-10
490. NEWMONT CORPORATION   2023-12-14 2025-01-10
202. PINDUODUO INC-ADR   2024-10-31 2025-01-10
43. ROPER TECHNOLOGIES INC   2024-02-21 2025-01-10
91. BIO-TECHNE CORP   2024-02-21 2025-01-13
12. ROPER TECHNOLOGIES INC   2024-02-21 2025-01-15
51. ROPER TECHNOLOGIES INC   2024-01-08 2025-01-15
181. BECTON DICKINSON AND COMPANY     2025-01-29
118. BECTON DICKINSON AND COMPANY   2024-07-25 2025-02-06
49. BECTON DICKINSON AND COMPANY   2023-10-13 2025-02-06
81. CONSTELLATION ENERGY   2023-09-25 2025-02-21
99. GE VERNOVA LLC   2024-08-08 2025-03-10
250. CME GROUP INC     2025-03-12
230. CONOCOPHILLIPS   2024-03-20 2025-03-17
28. DANAHER CORP   2024-01-08 2025-03-17
700. E Q T CORP     2025-03-17
640. UBER TECHNOLOGIES INC   2023-07-31 2025-03-17
315. SAREPTA THERAPEUTICS INC   2023-06-30 2025-03-20
137. DIAMONDBACK ENERGY INC   2024-12-13 2025-04-03
590. US BANCORP DEL   2024-10-24 2025-04-10
47. BERKSHIRE HATHAWAY INC DEL CL B   2023-09-25 2025-04-14
15. HUBSPOT INC   2023-06-30 2025-04-14
340. PURE STORAGE INC - CLASS A   2025-01-10 2025-04-14
30. SANOFI   2024-06-24 2025-04-15
150. SANOFI   2023-12-14 2025-04-15
450. SANOFI     2025-04-16
18989.693 BNY MELLON EMERGING MKTS FD CL M SHS     2025-04-17
630. INGERSOLL RAND INC   2024-02-21 2025-04-25
420. CHEWY INC - CLASS A   2023-09-25 2025-04-29
53. LULULEMON ATHLETICA INC   2024-01-08 2025-04-29
100. DEXCOM INC   2025-01-15 2025-05-23
5. GOLDMAN SACHS GROUP INC   2024-02-21 2025-05-23
208. CONOCOPHILLIPS   2024-08-01 2025-06-04
54. CONOCOPHILLIPS   2024-03-20 2025-06-04
25718.005 BNY MELLON S/T US GVT SECS FD CL M     2025-06-16
194. HOWMET AEROSPACE INC   2024-04-09 2025-06-16
19. JOHNSON CTLS INTL PLC   2024-04-09 2025-06-16
122. HOWMET AEROSPACE INC   2024-04-09 2025-06-17
110. ALPHABET INC/CA-CL A   2025-03-20 2025-06-24
670. GENERAL MOTORS CO   2024-03-20 2025-06-30
223. 3M CO     2025-07-02
8. ALPHABET INC/CA-CL A   2025-03-20 2025-07-14
121. ALPHABET INC/CA-CL A     2025-07-14
13. BERKSHIRE HATHAWAY INC DEL CL B   2023-09-25 2025-07-14
15. HOWMET AEROSPACE INC   2024-04-09 2025-07-14
13. HUBSPOT INC   2023-06-30 2025-07-14
41. INTUITIVE SURGICAL INC   2024-06-12 2025-07-14
216. JOHNSON CTLS INTL PLC   2024-04-09 2025-07-14
22. INTUITIVE SURGICAL INC     2025-07-21
197. ZOETIS INC     2025-07-21
.375 CHEVRON CORPORATION   2025-04-03 2025-07-28
310. METLIFE INC   2024-10-04 2025-07-30
350. BAXTER INTERNATIONAL INC   2024-09-13 2025-07-31
530. BAXTER INTERNATIONAL INC     2025-07-31
58. HOWMET AEROSPACE INC   2024-04-09 2025-07-31
210. BLOCK INC   2023-06-30 2025-08-06
29. GE VERNOVA LLC   2024-08-08 2025-08-11
20. SCHWAB CHARLES CORP NEW   2025-04-10 2025-08-15
465. JOHNSON CTLS INTL PLC   2024-04-09 2025-08-15
122. DANAHER CORP     2025-08-27
60. ALIGN TECHNOLOGY INC   2023-06-30 2025-09-03
77. ALIGN TECHNOLOGY INC   2023-06-30 2025-09-03
340. DOMINION ENERGY INC   2024-04-09 2025-09-04
37. RENAISSANCERE HLDGS LTD   2023-12-14 2025-09-04
30. RENAISSANCERE HLDGS LTD   2023-12-14 2025-09-05
90. RENAISSANCERE HLDGS LTD   2023-12-14 2025-09-08
32. GE VERNOVA LLC     2025-09-09
12274.326 BNYM YLD ENHAN STRAT-Y   2014-04-30 2025-09-12
670. BRISTOL-MYERS SQUIBB CO   2024-09-13 2025-09-18
290. DEXCOM INC   2025-01-15 2025-09-26
220. PHILIP MORRIS INTERNATIONAL   2024-06-24 2025-10-07
176. DANAHER CORP     2025-10-08
1400. AT&T INC     2025-10-21
30. MONGODB INC   2024-11-26 2025-10-22
2. NETFLIX COM INC   2023-06-30 2025-10-22
650. AT&T INC     2025-10-23
1088. KENVUE INC     2025-10-24
772. KENVUE INC   2024-03-20 2025-10-27
90. COMERICA INC     2025-10-30
78. INTERCONTINENTAL EXCHANGE INC   2025-03-12 2025-10-30
2799.082 BNY MELLON M/C MULTI-STRATEGY FUND   2024-12-12 2025-11-05
10816.285 BNY MELLON M/C MULTI-STRATEGY FUND     2025-11-05
110. AMERICAN INTERNATIONAL GROUP   2025-01-10 2025-11-19
90. AMERICAN INTERNATIONAL GROUP     2025-11-19
34. CUMMINS ENGINE INC     2025-11-19
110. NEWMONT CORPORATION   2025-02-06 2025-11-19
80. ATLASSIAN CORP   2025-04-25 2025-11-21
127. BIONTECH SE-ADR   2025-04-14 2025-11-21
53. CARLISLE COMPANIES INC     2025-11-21
138. CHEVRON CORPORATION   2025-04-03 2025-11-21
240. CITIGROUP INC   2025-07-31 2025-11-21
76. MONGODB INC   2024-11-26 2025-11-21
190. NEWMONT CORPORATION   2025-02-06 2025-11-21
148. SHOPIFY INC-A W/I     2025-11-21
270. BLOCK INC   2023-06-30 2025-11-21
73. BIONTECH SE-ADR   2025-04-14 2025-11-24
42. ROYAL CARIBBEAN CRUISES LTD   2024-10-31 2025-12-04
75. ROYAL CARIBBEAN CRUISES LTD   2024-10-31 2025-12-05
25. LABCORP HOLDINGS INC   2024-07-25 2025-12-16
103. LABCORP HOLDINGS INC     2025-12-17
31. LABCORP HOLDINGS INC   2024-06-12 2025-12-18
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(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 39,762   29,290 10,472
b 24,811   29,014 -4,203
c 14,031   11,169 2,862
d 18,284   17,744 540
e 10,807   10,005 802
57,319   55,332 1,987
19,123   20,237 -1,114
19,177   24,399 -5,222
21,674   23,509 -1,835
6,859   6,485 374
6,192   6,561 -369
26,315   26,754 -439
44,712   50,553 -5,841
26,708   27,624 -916
11,091   12,668 -1,577
23,044   9,034 14,010
26,794   17,415 9,379
63,840   50,435 13,405
22,947   27,970 -5,023
5,954   6,502 -548
35,943   25,021 10,922
46,958   31,558 15,400
23,309   36,075 -12,766
19,570   22,391 -2,821
21,951   28,563 -6,612
24,900   16,943 7,957
8,071   7,978 93
14,066   21,866 -7,800
1,521   1,472 49
7,604   7,289 315
22,971   21,671 1,300
182,871   167,954 14,917
47,199   55,783 -8,584
15,583   7,648 7,935
14,317   26,020 -11,703
8,425   8,111 314
3,000   1,931 1,069
17,929   22,553 -4,624
4,655   6,567 -1,912
287,013   287,000 13
33,297   12,787 20,510
1,976   1,242 734
21,015   8,042 12,973
18,426   17,889 537
32,898   28,255 4,643
34,347   23,244 11,103
1,450   1,301 149
21,924   12,023 9,901
6,204   4,686 1,518
2,753   989 1,764
7,047   6,914 133
21,293   17,485 3,808
22,940   14,122 8,818
11,384   8,753 2,631
29,087   35,667 -6,580
58   55 3
23,151   26,051 -2,900
7,923   13,963 -6,040
11,684   18,081 -6,397
10,129   3,823 6,306
15,973   13,884 2,089
18,872   5,101 13,771
1,929   1,476 453
48,248   30,401 17,847
24,982   28,027 -3,045
8,141   21,247 -13,106
10,206   27,267 -17,061
19,908   16,818 3,090
9,056   7,160 1,896
7,241   5,805 1,436
21,478   17,416 4,062
19,330   5,628 13,702
139,191   154,902 -15,711
30,599   32,811 -2,212
19,437   23,521 -4,084
33,992   22,382 11,610
36,066   39,208 -3,142
36,327   25,539 10,788
9,626   10,103 -477
2,242   881 1,361
15,964   11,494 4,470
16,285   22,137 -5,852
11,564   15,669 -4,105
6,980   6,121 859
11,711   13,197 -1,486
43,022   42,126 896
166,246   137,421 28,825
8,339   7,747 592
6,823   2,766 4,057
16,101   14,710 1,391
9,763   4,940 4,823
11,270   18,425 -7,155
12,252   12,920 -668
16,458   21,916 -5,458
20,695   20,222 473
23,309   22,789 520
24,121   25,595 -1,474
15,596   8,532 7,064
21,389   16,695 4,694
16,265   17,851 -1,586
7,010   7,426 -416
10,885   8,704 2,181
19,391   15,542 3,849
6,454   5,279 1,175
26,456   20,771 5,685
7,831   6,160 1,671
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      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
      118,907
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       10,472
b       -4,203
c       2,862
d       540
e       802
      1,987
      -1,114
      -5,222
      -1,835
      374
      -369
      -439
      -5,841
      -916
      -1,577
      14,010
      9,379
      13,405
      -5,023
      -548
      10,922
      15,400
      -12,766
      -2,821
      -6,612
      7,957
      93
      -7,800
      49
      315
      1,300
      14,917
      -8,584
      7,935
      -11,703
      314
      1,069
      -4,624
      -1,912
      13
      20,510
      734
      12,973
      537
      4,643
      11,103
      149
      9,901
      1,518
      1,764
      133
      3,808
      8,818
      2,631
      -6,580
      3
      -2,900
      -6,040
      -6,397
      6,306
      2,089
      13,771
      453
      17,847
      -3,045
      -13,106
      -17,061
      3,090
      1,896
      1,436
      4,062
      13,702
      -15,711
      -2,212
      -4,084
      11,610
      -3,142
      10,788
      -477
      1,361
      4,470
      -5,852
      -4,105
      859
      -1,486
      896
      28,825
      592
      4,057
      1,391
      4,823
      -7,155
      -668
      -5,458
      473
      520
      -1,474
      7,064
      4,694
      -1,586
      -416
      2,181
      3,849
      1,175
      5,685
      1,671
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 281,019
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 6,663
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 6,663
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 6,663
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 3,644
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 3,644
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 3,019
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)
NY
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 ofBNY MELLON NA Telephone no. (212) 922-8218

Located atPO BOX 185PITTSBURGHPA ZIP+415230
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)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(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
 
 
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
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
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
JAY H MCDOWELL ESQ CO-TRUSTEE
1 		11,222    
480 PARK AVENUE
NEW YORK,NY100221613
BNY MELLON N A TRUSTEE
1 		49,252    
PO BOX 185
PITTSBURGH,PA152300185
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
8,720,491
b
Average of monthly cash balances.......................
1b
307,478
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
9,027,969
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
9,027,969
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
135,420
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,892,549
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
444,627
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
444,627
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
6,663
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,663
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
437,964
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
437,964
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
437,964
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
449,440
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
449,440
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 7 437,964
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
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...... 35,425
d From 2023...... 122,644
e From 2024...... 110,149
f Total of lines 3a through e ........ 268,218
4Qualifying distributions for 2025 from Part
XI, line 4: $ 449,440
a Applied to 2024, but not more than line 2a 0
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..... 437,964
e Remaining amount distributed out of corpus 11,476
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 5 279,694
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 .......... 		0
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 ...... 		279,694
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 35,425
c Excess from 2023 .... 122,644
d Excess from 2024 .... 110,149
e Excess from 2025 .... 11,476
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).)
NONE
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.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2025)
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

TRUSTEES OF PHILLIPS ACADEMY

180 MAIN ST
ANDOVER,MA018104166 		NONE   GENERAL OPERATING 55,000

YALE UNIVERSITY

PO BOX 208239
NEW HAVEN,CT065208239 		NONE   GENERAL OPERATING 55,000

ST JOHNS EPISCOPAL CHURCH OF SOUTHAMPTON

36 CATHEDRAL AVE
GARDEN CITY,NY115304435 		NONE   GENERAL OPERATING 12,000

SOUTH SHORE UNIVERSITY HOSPITAL

972 BRUSH HOLLOW RD
WESTBURY,NY115901740 		NONE   GENERAL OPERATING 10,000

BROOKLYN BOTANIC GARDEN CORPORATION

1000 WASHINGTON AVENUE
BROOKLYN,NY112250000 		NONE   GENERAL OPERATING 6,000

COMMUNITY BAPTIST CH OF SOUTHAMPTON

PO BOX 1413
SOUTHAMPTON,NY119691413 		NONE   GENERAL OPERATING 10,000

SOUTHAMPTON HISTORY MUSEUM

PO BOX 303
SOUTHAMPTON,NY119690303 		NONE   GENERAL OPERATING 6,000

NEW YORK BOTANICAL GARDEN

2900 SOUTHERN BLVD
BRONX,NY104585126 		NONE   GENERAL OPERATING 6,000

DOROT INC

171 W 85TH ST
NEW YORK,NY100244400 		NONE   GENERAL OPERATING 25,000

PROSTATE ACTION INC

229 EAST 79TH STREET 1A
NEW YORK,NY100750866 		NONE   GENERAL OPERATING 25,000

HAMPTONS UNITED METHODIST CHURCH

475 RIVERSIDE DRIVE
NEW YORK CITY,NY101150002 		NONE   GENERAL OPERATING 6,000

DUTCHESS COUNTY SPCA INC

636 VIOLET AVE
HYDE PARK,NY125381864 		NONE   GENERAL OPERATING 10,000

CENTER FOR COMMUNITY ALTERNATIVES

115 E JEFFERSON ST
SYRACUSE,NY132022539 		NONE   GENERAL OPERATING 20,000

SHILOH BAPTIST CHURCH OF NEWARK

99 DAVENPORT AVE
NEWARK,NJ071070000 		NONE   GENERAL OPERATING 25,000

JOSE LIMON DANCE FOUNDATION

466 WEST 152ND STREET NO 2ND FL
NEW YORK,NY100311814 		NONE   GENERAL OPERATING 55,000

ST GEORGES SOCIETY OF NEW YORK

866 UNITED NATIONS PLAZA 484
NEW YORK,NY100170000 		NONE   GENERAL OPERATING 25,000

THE LIGHTHOUSE GUILD

250 W 64TH
NEW YORK,NY10023 		NONE   GENERAL OPERATING 6,000

NATURE CONSERVANCY

4245 FAIRFAX DR STE 100
ARLINGTON,VA222031637 		NONE   GENERAL OPERATING 6,000

AMERICAN DIABETES ASSOCIATION

PO BOX 7023
MERRIFIELD,VA221167023 		NONE   GENERAL OPERATING 15,000

ARTHRITIS FOUNDATION INC

1355 PEACHTREE ST NE STE 600
ATLANTA,GA303093234 		NONE   GENERAL OPERATING 15,000

FIRST PRESBYTERIAN CHURCH OF SOUTHAMPTON

3305 LOOKOUT LN
AUSTIN,TX787461431 		NONE   GENERAL OPERATING 12,000

KIDS IN CLEATS INC

207 INWOOD AVE
MONTCLAIR,NJ070431946 		NONE   GENERAL OPERATING 20,000
Total ................................. 3a 425,000
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          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 238,342  
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 ............ 		    18 281,019  
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) ..   519,361  
13Total. Add line 12, columns (b), (d), and (e)..................
13
519,361
(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 InvestmentsOtherSchedule2
Name:
VARNUM-DE ROSE TRUST
EIN:
83-1214640
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
05587K857 BNYM INTL STCK-Y AT COST 272,469 397,549
060505104 BANK OF AMERICA CORP AT COST 53,656 78,100
46625H100 J P MORGAN CHASE & C AT COST 34,465 112,133
023135106 AMAZON COM INC AT COST 65,701 200,583
037833100 APPLE INC AT COST 82,702 265,335
12572Q105 CME GROUP INC AT COST 20,285 31,404
594918104 MICROSOFT CORPORATIO AT COST 40,742 224,883
929089100 VOYA FINANCIAL INC AT COST 23,257 36,500
026874784 AMERICAN INTERNATION AT COST 6,580 21,388
05569M814 BNY MELLON INTERMEDI AT COST 1,018,181 1,026,754
05588M100 BNYM MIDCAP INDEX FU AT COST 584,940 571,933
05569M509 BNY MELLON MID CAP S      
91324P102 UNITED HEALTH GROUP AT COST 18,229 34,992
05569M855 BNY MELLON EMERGING      
05588D753 BNY MELLON INTL EQTY AT COST 442,129 438,062
02079K305 ALPHABET INC/CA-CL A AT COST 41,708 289,525
05569M830 BNY MELLON BOND FUND AT COST 1,073,129 989,973
05588L888 BNYM YLD ENHAN STRAT      
05588E850 BNY MELLON HIGH YIEL AT COST 150,000 133,917
87234N765 TCW EMERGING MARKETS AT COST 99,454 83,035
05587N794 BNYM GLBL RL RTRN -Y AT COST 177,000 186,460
G8994E103 TRANE TECHNOLOGIES P AT COST 2,715 42,034
517834107 LAS VEGAS SANDS CORP AT COST 29,380 54,676
00206R102 AT&T INC AT COST 14,543 21,859
020002101 ALLSTATE CORP COM      
31618H283 FIDELITY ADV INTL SM AT COST 42,208 48,483
016255101 ALIGN TECHNOLOGY INC      
038222105 APPLIED MATERIALS IN AT COST 19,069 35,979
04621X108 ASSURANT INC AT COST 47,172 53,228
075887109 BECTON DICKINSON AND      
084670702 BERKSHIRE HATHAWAY I AT COST 73,751 107,064
16679L109 CHEWY INC - CLASS A AT COST 16,516 30,076
17275R102 CISCO SYSTEMS INC AT COST 68,534 100,909
21037T109 CONSTELLATION ENERGY AT COST 15,949 50,518
22160N109 COSTAR GROUP INC AT COST 41,263 33,620
235851102 DANAHER CORP COMMON      
25746U109 DOMINION ENERGY INC AT COST 30,545 36,912
35671D857 FREEPORT-MCMORAN INC AT COST 50,337 56,885
443573100 HUBSPOT INC AT COST 32,977 24,881
452327109 ILLUMINA INC AT COST 40,250 34,757
46120E602 INTUITIVE SURGICAL I AT COST 17,206 26,053
56585A102 MARATHON PETROLEUM C AT COST 23,226 25,370
64110L106 NETFLIX COM INC AT COST 16,736 35,629
651639106 NEWMONT CORPORATION AT COST 14,819 32,951
67066G104 NVIDIA CORP AT COST 70,706 411,979
759916109 REPLIGEN CORP AT COST 32,833 34,247
80105N105 SANOFI-SYNTHELABO      
803607100 SAREPTA THERAPEUTICS      
852234103 BLOCK INC      
90353T100 UBER TECHNOLOGIES IN      
92338C103 VERALTO CORP-W/I AT COST 37,486 44,203
G25508105 CRH PLC AT COST 25,470 54,912
G7496G103 RENAISSANCERE HLDGS      
031100100 AMETEK INC NEW AT COST 48,382 56,255
05569M780 BNY MELLON S/T US GV      
05588F709 BNY MELLON DEVELOPED AT COST 87,000 85,991
071813109 BAXTER INTL INC COM      
09073M104 BIO-TECHNE CORP      
110122108 BRISTOL-MYERS SQUIBB AT COST 23,307 23,194
20825C104 CONOCOPHILLIPS      
25278X109 DIAMONDBACK ENERGY I AT COST 28,879 30,517
254687106 WALT DISNEY CO/THE AT COST 53,181 53,131
26884L109 E Q T CORP AT COST 26,956 42,880
320517105 FIRST HORIZON NATL C AT COST 22,815 36,089
36828A101 GE VERNOVA LLC AT COST 6,498 24,182
37045V100 GENERAL MOTORS CO      
375558103 GILEAD SCIENCES INC AT COST 42,086 52,655
38141G104 GOLDMAN SACHS GROUP AT COST 38,234 87,021
443201108 HOWMET AEROSPACE INC AT COST 19,840 61,711
443510607 HUBBELL INC COM AT COST 62,062 72,834
45687V106 INGERSOLL RAND INC      
460146103 INTERNATIONAL PAPER AT COST 34,163 28,755
464287655 ISHARES RUSSELL 2000 AT COST 130,466 146,465
49177J102 KENVUE INC      
502431109 L3HARRIS TECHNOLOGIE AT COST 55,891 75,741
504922105 LABCORP HOLDINGS INC      
550021109 LULULEMON ATHLETICA      
59156R108 METLIFE INC      
60937P106 MONGODB INC      
64122Q705 NEUBERGER BERMAN INT AT COST 85,400 97,880
681919106 OMNICOM GROUP INC AT COST 49,357 41,990
718172109 PHILIP MORRIS INTERN      
718546104 PHILLIPS 66 AT COST 34,740 28,518
722304102 PINDUODUO INC-ADR      
776696106 ROPER TECHNOLOGIES I      
88579Y101 3M CO      
902973304 US BANCORP DEL      
98978V103 ZOETIS INC      
G0403H108 AON PLC/IRELAND A AT COST 28,241 32,112
G51502105 JOHNSON CTLS INTL PL      
G5960L103 MEDTRONIC PLC AT COST 80,225 90,296
H01301128 ALCON INC AT COST 38,215 33,100
V7780T103 ROYAL CARIBBEAN CRUI      
05464C101 AXON ENTERPRISE INC AT COST 31,871 30,668
08265T208 BENTLEY SYSTEMS INC AT COST 18,997 17,556
11135F101 BROADCOM INC AT COST 80,440 104,868
126408103 C S X CORP AT COST 31,871 36,250
14040H105 CAPITAL ONE FINANCIA AT COST 26,317 33,688
147528103 CASEYS GENERAL STORE AT COST 21,837 21,556
200340107 COMERICA INC AT COST 24,421 31,295
231021106 CUMMINS ENGINE INC AT COST 20,082 23,991
247361702 DELTA AIR LINES INC AT COST 22,912 26,372
25659T107 DOLBY LABORATORIES I AT COST 33,014 26,972
260003108 DOVER CORPORATION AT COST 30,686 34,167
291011104 EMERSON ELECTRIC COM AT COST 31,445 31,189
30231G102 EXXON MOBIL CORP AT COST 57,435 60,411
30303M102 META PLATFORMS INC AT COST 94,827 91,753
345370860 FORD MOTOR CO DEL AT COST 20,635 24,928
444859102 HUMANA INC AT COST 45,964 43,286
45168D104 IDEXX LABS INC AT COST 18,283 22,325
478160104 JOHNSON & JOHNSON AT COST 77,422 98,301
518439104 ESTEE LAUDER COMPANI AT COST 49,024 55,502
57636Q104 MASTERCARD INC AT COST 18,299 18,839
680223104 OLD REPUBLIC INTERNA AT COST 30,365 30,579
717081103 PFIZER INC AT COST 28,678 27,141
808513105 SCHWAB CHARLES CORP AT COST 17,712 23,978
81762P102 SERVICENOW INC AT COST 47,313 36,000
82509L107 SHOPIFY INC-A W/I AT COST 15,563 24,306
871607107 SYNOPSYS INC AT COST 43,441 49,321
882508104 TEXAS INSTRUMENTS IN AT COST 24,596 23,768
883556102 THERMO FISHER SCIENT AT COST 74,982 83,441
L8681T102 SPOTIFY TECHNOLOGY S AT COST 27,177 27,293

TY 2025 OtherDecreasesSchedule
Name:
VARNUM-DE ROSE TRUST
EIN:
83-1214640
Description Amount
MUTUAL FUND TIMING ADJ 661


TY 2025 OtherExpensesSchedule
Name:
VARNUM-DE ROSE TRUST
EIN:
83-1214640
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE INCOME TAXES - PRINCIPAL 250 0   250
INVESTMENT EXPENSES-DIVIDEND I 4 4   0


TY 2025 OtherIncreasesSchedule
Name:
VARNUM-DE ROSE TRUST
EIN:
83-1214640
Description Amount
ROUNDING 7


TY 2025 TaxesSchedule
Name:
VARNUM-DE ROSE TRUST
EIN:
83-1214640
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 1,471 1,471   0
FEDERAL TAX PAYMENT - PRIOR YE 7,408 0   0
FEDERAL ESTIMATES - PRINCIPAL 3,644 0   0
FOREIGN TAXES ON NONQUALIFIED 1,116 1,116   0