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
G FRANK THOMAS FDN INC MAIN
 
Number and street (or P.O. box number if mail is not delivered to street address) 3808 BASFORD RD
  Room/suite
City or town
FREDERICK
State or province
MD
Country  
ZIP or foreign postal code
217037380
A Employer identification number

52-6039803
B Telephone number (see instructions)

3016635223
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)$4,599,853J 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... 125,219 124,708  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 208,842
b Gross sales price for all assets on line 6a 2,508,429
7 Capital gain net income (from Part IV, line 2)... 208,842
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)....... Click to see attachment
List of Attached Documents:
// Content
531    
12 Total. Add lines 1 through 11........ 334,592 333,550  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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)....... Click to see attachment
List of Attached Documents:
// Content
390 0 0 390
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
22,622 22,622   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,149 1,977   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
2,339 1,292   1,047
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 28,500 25,891 0 1,437
25 Contributions, gifts, grants paid....... 218,000 218,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 246,500 25,891 0 219,437
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 88,092
b Net investment income (if negative, enter -0-) 307,659
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......... 59,144 91,672 91,672
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)....... 139,554 Click to see attachment
List of Attached Documents:
// Content
129,365 		181,690
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).......... 3,373,201 Click to see attachment
List of Attached Documents:
// Content
3,441,301 		4,326,491
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,571,899 3,662,338 4,599,853
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........ 3,571,899 3,662,338
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 3,571,899 3,662,338
30 Total liabilities and net assets/fund balances (see instructions). 3,571,899 3,662,338
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
3,571,899
2
Enter amount from Part I, line 27a .....................
2
88,092
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
4,869
4
Add lines 1, 2, and 3 ..........................
4
3,664,860
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
2,522
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
3,662,338
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 376.142 OAKMARK INTL SM CAP-R6   2019-08-16 2025-01-28
b 58. ISHARES CORE S&P 500   2023-03-29 2025-01-28
c 238. WISDOMTREE U.S. QUALITY DIVI   2023-11-17 2025-01-28
d 6. ATLASSIAN CORP CL A     2025-01-31
e 29. SCHNEIDER ELECTRIC SE   2022-04-06 2025-02-12
31. ADYEN NV-UNSPON ADR     2025-02-19
13. ASTRAZENECA PLC   2022-07-11 2025-02-19
8. BAE SYSYTEMS PLC   2023-05-03 2025-02-19
13. CANADIAN NATURAL RESOURCES   2023-12-21 2025-02-19
7. CANADIAN PACIFIC KANSAS CITY   2019-08-21 2025-02-19
17. COMPASS GROUP PLC-SPON ADR   2023-06-30 2025-02-19
16. COUPANG INC   2024-04-12 2025-02-19
7. EXPERIAN PLC   2019-08-21 2025-02-19
2. FERGUSON ENTERPRISES INC   2022-03-10 2025-02-19
657.895 SEAFARER OVERSEAS GROWTH &   2020-03-03 2025-02-19
187.406 HARBOR MID CAP VALUE   2024-06-20 2025-02-19
16. ICICI BANK LTD   2022-12-07 2025-02-19
21. MEITUAN UNSP ADR   2024-10-16 2025-02-19
42. MITSUBISHI HEAVY INDUSTRIES ADR   2024-07-31 2025-02-19
9. NOVO NORDISK A S   2022-01-07 2025-02-19
116. ROLLS-ROYCE HOLDINGS PLC   2024-11-01 2025-02-19
17. SAFRAN SA   2023-11-29 2025-02-19
3. SAP SE SPONSORED ADR   2024-12-19 2025-02-19
7. SCHNEIDER ELECTRIC SE   2022-04-06 2025-02-19
8. SEA LTD-ADR   2024-07-02 2025-02-19
13. SIEMENS ENERGY AG-UNSP ADR   2024-11-11 2025-02-19
6. TAIWAN SEMICONDUCTOR MTG CO   2024-04-19 2025-02-19
25. 3I GROUP PLC-UNSPON ADR   2024-07-29 2025-02-19
2. WASTE CONNECTIONS INC   2022-10-07 2025-02-19
178. WISDOMTREE U.S. QUALITY DIVI   2023-11-17 2025-02-19
1. AON PLC/IRELAND-A   2020-07-31 2025-02-19
7. ARCH CAPITAL GROUP LTD   2023-03-31 2025-02-19
4. ICON PLC   2019-08-21 2025-02-19
1. NEW LINDE PLC   2022-12-28 2025-02-19
32. NU HOLDINGS LTD/CAYMAN ISL-A   2024-03-06 2025-02-19
3. STERIS PLC   2019-08-21 2025-02-19
16. UBS GROUP AG   2023-12-27 2025-02-19
3. SPOTIFY TECHNOLOGY SA   2024-04-19 2025-02-19
3. MONDAY.COM LTD   2024-03-04 2025-02-19
1. ASM INTERNATIONAL N V   2022-04-19 2025-02-19
1. ASML HOLDING NV-NY   2019-08-21 2025-02-19
2. FERRARI NV - W/I   2020-03-25 2025-02-19
50. SCHNEIDER ELECTRIC SE     2025-03-07
13.748 ARTISAN INTL SM/MID-INST   2024-12-10 2025-03-12
2428.997 ARTISAN INTL SM/MID-INST     2025-03-12
3.911 OAKMARK INTL SM CAP-R6   2024-12-12 2025-03-12
102.606 OAKMARK INTL SM CAP-R6   2024-12-12 2025-03-12
2255.271 OAKMARK INTL SM CAP-R6     2025-03-12
1084.355 TOUCHSTONE MID CAP-R6   2023-03-29 2025-03-12
16. FERGUSON ENTERPRISES INC     2025-03-14
29. ASTRAZENECA PLC   2022-07-11 2025-04-29
29. NOVO NORDISK A S   2022-01-07 2025-04-29
141. ROLLS-ROYCE HOLDINGS PLC   2024-11-01 2025-05-05
35. SAFRAN SA   2023-11-29 2025-05-05
6. STERIS PLC   2019-08-21 2025-05-05
22. ICON PLC     2025-05-08
885.515 AMG RR SM CAP VAL-I   2024-06-20 2025-05-27
385. AVANTIS US LARGE CAP VALUE   2025-03-12 2025-05-27
2713.484 BAIRD MIDCAP INST     2025-05-27
803.213 MERIDIAN SMALL CAP GROW-INSTL   2024-06-20 2025-05-27
2. CANADIAN PACIFIC KANSAS CITY   2019-08-21 2025-06-04
2. MITSUBISHI HEAVY INDUSTRIES ADR   2024-07-31 2025-06-04
1. SEA LTD-ADR   2024-07-02 2025-06-04
4. STERIS PLC   2019-08-21 2025-06-09
7. FERRARI NV - W/I     2025-06-11
9. MITSUBISHI HEAVY INDUSTRIES ADR   2024-07-31 2025-07-16
3. STERIS PLC   2019-08-21 2025-07-21
11. ATLASSIAN CORP CL A     2025-08-12
17.615 BLACKROCK TOTAL RETURN-I   2024-12-19 2025-08-27
1109.931 BLACKROCK TOTAL RETURN-I     2025-08-27
24654.832 BLACKROCK TOTAL RETURN-I   2024-08-26 2025-08-27
547. DIMENSIONAL INTERNATIONAL VA   2024-01-30 2025-08-27
20757.231 DOUBLELINE TOTAL RETURN BOND     2025-08-27
131. ISHARES CORE S&P 500   2023-03-29 2025-08-27
3315.057 MFS EMERGING MKTS DEBT FD-R6     2025-08-27
241.657 PGIM HIGH YIELD FUND     2025-08-27
6211.18 PGIM HIGH YIELD FUND   2024-11-19 2025-08-27
7984.869 PGIM HIGH YIELD FUND     2025-08-27
6602.113 ALLSPRING CORE BOND FUND   2024-09-25 2025-08-27
25932.379 ALLSPRING CORE BOND FUND     2025-08-27
117. MEITUAN UNSP ADR   2024-10-16 2025-09-16
691. AVANTIS US LARGE CAP VALUE   2025-03-12 2025-09-29
147.92 SEAFARER OVERSEAS GROWTH &     2025-09-29
5023.454 SEAFARER OVERSEAS GROWTH &     2025-09-29
1573. ISHARES MSCI INTL QUALITY   2024-11-19 2025-09-29
1196. WISDOMTREE U.S. QUALITY DIVI   2023-11-17 2025-09-29
4. STERIS PLC   2020-04-13 2025-10-28
4. SPOTIFY TECHNOLOGY SA   2024-04-19 2025-10-28
13. ADYEN NV-UNSPON ADR   2022-07-08 2025-11-10
8. BAE SYSYTEMS PLC   2023-05-03 2025-11-10
6. COMPASS GROUP PLC-SPON ADR   2023-06-30 2025-11-10
9. COUPANG INC   2024-04-12 2025-11-10
9. MITSUBISHI HEAVY INDUSTRIES ADR   2024-07-31 2025-11-10
1. SAP SE SPONSORED ADR   2024-12-19 2025-11-10
785. AVANTIS US LARGE CAP VALUE   2025-03-12 2025-12-11
24210.526 AMER FND MULTI-SEC INC-F3   2025-08-27 2025-12-11
2921. ISHARES FLEXIBLE INCOME   2025-08-27 2025-12-11
72. ISHARES CORE S&P 500   2023-03-29 2025-12-11
3267. ISHARES U S TREASURY BOND   2025-08-27 2025-12-11
8237. ISHARES U S TREASURY BOND   2023-11-02 2025-12-11
94. COMPASS GROUP PLC-SPON ADR   2023-06-30 2025-12-15
CAPITAL GAIN DIVIDENDS P    
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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 7,000   5,119 1,881
b 35,175   23,268 11,907
c 19,946   15,875 4,071
d 1,850   1,387 463
e 1,443   939 504
590   458 132
957   876 81
543   416 127
395   418 -23
549   339 210
604   482 122
408   341 67
339   219 120
363   287 76
8,000   7,454 546
5,000   4,762 238
461   364 97
856   940 -84
1,184   992 192
749   454 295
945   842 103
1,111   752 359
863   738 125
358   227 131
1,086   556 530
821   563 258
1,205   767 438
645   500 145
375   268 107
14,952   11,873 3,079
394   205 189
618   473 145
764   624 140
462   330 132
431   361 70
660   454 206
540   500 40
1,916   826 1,090
930   690 240
595   318 277
747   218 529
1,000   299 701
2,419   1,480 939
242   250 -8
42,726   45,176 -2,450
77   73 4
2,018   1,905 113
44,361   30,736 13,625
56,397   46,877 9,520
2,525   2,292 233
2,068   1,954 114
1,889   1,464 425
1,465   1,023 442
2,408   1,548 860
1,349   908 441
3,063   4,850 -1,787
14,000   13,699 301
25,430   24,888 542
60,674   64,534 -3,860
10,000   9,976 24
165   97 68
95   47 48
167   70 97
970   605 365
3,384   1,101 2,283
396   213 183
672   453 219
1,790   1,615 175
175   171 4
11,055   10,966 89
245,562   250,000 -4,438
24,847   18,641 6,206
184,739   175,000 9,739
85,189   52,554 32,635
40,974   47,499 -6,525
1,182   1,328 -146
30,373   30,000 373
39,046   43,974 -4,928
73,416   75,000 -1,584
288,368   275,000 13,368
2,989   5,239 -2,250
49,849   44,669 5,180
2,099   1,860 239
71,283   56,208 15,075
69,078   59,599 9,479
106,065   79,773 26,292
961   560 401
2,639   1,101 1,538
203   190 13
768   416 352
197   170 27
265   192 73
255   106 149
252   246 6
60,249   50,745 9,504
229,758   230,000 -242
154,667   155,105 -438
49,864   28,884 20,980
75,360   75,108 252
190,003   181,008 8,995
2,935   2,667 268
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
      15,184
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       1,881
b       11,907
c       4,071
d       463
e       504
      132
      81
      127
      -23
      210
      122
      67
      120
      76
      546
      238
      97
      -84
      192
      295
      103
      359
      125
      131
      530
      258
      438
      145
      107
      3,079
      189
      145
      140
      132
      70
      206
      40
      1,090
      240
      277
      529
      701
      939
      -8
      -2,450
      4
      113
      13,625
      9,520
      233
      114
      425
      442
      860
      441
      -1,787
      301
      542
      -3,860
      24
      68
      48
      97
      365
      2,283
      183
      219
      175
      4
      89
      -4,438
      6,206
      9,739
      32,635
      -6,525
      -146
      373
      -4,928
      -1,584
      13,368
      -2,250
      5,180
      239
      15,075
      9,479
      26,292
      401
      1,538
      13
      352
      27
      73
      149
      6
      9,504
      -242
      -438
      20,980
      252
      8,995
      268
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 208,842
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 4,276
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 4,276
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,276
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 2,344
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 2,344
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 1,932
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)
MD
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 addressN/A
14
The books are in care ofPNC BANK NA Telephone no. (412) 209-4630

Located at500 FIRST AVE P7-PFSC-03-ZPITTSBURGHPA ZIP+415219
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)
 
No
(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
 
 
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
MR ADRIAN L WINPIGLER DIRECTOR
1 		0    
5321 REELS MILL ROAD
FREDERICK,MD21704
MR RYAN N BAUGHER DIRECTOR
1 		0    
110 Grand Oak Drive
HAGERSTOWN,MD21740
MRS PAMELA I MARTIN PRESIDENT & DIRECTOR
1 		0    
3808 BASFORD ROAD
FREDERICK,MD217037830
MRS AMANDA I BAUGHER SECRETARY & DIRECTOR
1 		0    
3788 Basford Rd
FREDERICK,MD21703
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
4,479,368
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
4,479,368
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
4,479,368
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
67,191
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,412,177
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
220,609
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
220,609
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
4,276
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,276
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
216,333
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
216,333
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
216,333
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
219,437
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
219,437
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 7 216,333
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...... 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: $ 219,437
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..... 216,333
e Remaining amount distributed out of corpus 3,104
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 3,104
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 ...... 		3,104
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 .... 3,104
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:
PAMELA I MARTIN PRESIDENT DIRECT
3808 BASFORD ROAD
FREDERICK,MD21703
(301) 663-5223
bThe form in which applications should be submitted and information and materials they should include:
BY LETTER ALONG WITH DESCRIPTION OF PURPOSE OF ORGANIZATION
cAny submission deadlines:
OCTOBER 1ST ANNUALLY GRANTS MADE IN DECEMBER
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS ARE MADE TO ORGANIZATIONS OPERATING IN FREDERICK COUNTY, MD AND TO MCDANIEL COLLEGE, WESTMINSTER, MD
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

FAITH HOUSE

PO BOX 3389
FREDERICK,MD21705 		NONE   GENERAL SUPPORT 4,000

HERITAGE FREDERICK

24 EAST CHURCH STREET
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 5,000

DEPARTMENT OF HOUSING AND
HUMAN SERVICES
100 S MARKET STREET
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 10,000

BLESSINGS IN A BACKPACK

PO BOX 3508
FREDERICK,MD21705 		NONE   GENERAL SUPPORT 3,000

SECOND CHANCES GARAGE INC

528 N MARKET STREET
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 4,000

CENTRO HISPANO DE FREDERICK INC

PO BOX 341
FREDERICK,MD21705 		NONE   GENERAL SUPPORT 5,500

FREDERICK JAZZ SOCIETY

404 ORCHARD CREST CIRCLE
NEW MARKET,MD21774 		NONE   GENERAL SUPPORT 1,000

FEBRUARY STAR SANCTUARY

3910 AUSHERMAN ROAD
BRUNSWICK,MD21758 		NONE   GENERAL SUPPORT 3,900

PLATOON 22

1750 MONOCACY BLVD
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 3,000

SHIP OF FREDERICK COUNTY

PO BOX 1629
FREDERICK,MD21702 		NONE   GENERAL SUPPORT 3,000

UP & OUT FOUNDATION INC

PO BOX 4034
FREDERICK,MD21727 		NONE   GENERAL SUPPORT 3,000

SAFE RIDE FOUNDATION

122 E PATRICK ST 114
Frederick,MD21701 		NONE   GENERAL SUPPORT 3,000

HOOD COLLEGE

401 ROSEMONT AVE
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 10,000

FREDERICK HEALTH HOSPITAL INC

400 WEST 7TH STREET
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 10,000

MOUNT ST MARY'S UNIVERSITY

16300 OLD EMMITSBURG RD
EMMITSBURG,MD21727 		NONE   GENERAL SUPPORT 10,000

MCDANIEL COLLEGE

2 COLLEGE HILL
WESTMINSTER,MD21157 		NONE   GENERAL SUPPORT 15,000

FREDERICK RESCUE MISSION INC

PO BOX 3389
FREDERICK,MD21705 		NONE   GENERAL SUPPORT 5,000

MENTAL HEALTH ASSOCIATION OF
FREDERICK COUNTY INC
226 SOUTH JEFFERSON ST
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 10,000

FRIENDS FOR NEIGHBORHOOD PROGRESS

PO BOX 3383
FREDERICK,MD21705 		NONE   GENERAL SUPPORT 2,000

FREDERICK ARTS COUNCIL INC

125 E PATRICK ST
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 4,000

FREDERICK HEALTH HOSPICE

1 FREDERICK HEALTH WAY
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 9,500

SETON CENTER INC

226 E LINCOLN AVENUE
EMMITSBURG,MD21727 		NONE   GENERAL SUPPORT 2,000

HEARTLY HOUSE INC

PO BOX 857
FREDERICK,MD21705 		NONE   GENERAL SUPPORT 5,000

The Frederick Chorale

PO BOX 3009
Frederick,MD21705 		NONE   GENERAL SUPPORT 2,000

BEYOND SHELTER FREDERICK

27 DEGRANGE STREET
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 10,000

DELAPLAINE ARTS CENTER

40 SOUTH CARROLL STREET
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 2,500

ADVOCATES FOR HOMELESS FAMILIES INC

216 ABRECHT PLACE
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 5,000

NATIONAL MUSEUM FOR CIVIL WAR
MEDICINE INC
PO BOX 470
FREDERICK,MD21705 		NONE   GENERAL SUPPORT 10,000

Frederick County 4-H Therapeutic Riding

11515 ANGLEBERGER RD
Thurmont,PA21788 		NONE   GENERAL SUPPORT 5,200

HABITAT FOR HUMANITY FREDERICK CO

24 S WISNER STREET SUITE 130
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 6,300

WEINBERG CENTER FOR THE ARTS INC

20 W PATRICK ST
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 4,500

Homewood at Frederick MD Inc

16107 ELLIOTT PKWY
Williamsport,MD21795 		NONE   GENERAL SUPPORT 2,300

MARYLAND ENSEMBLE THEATRE

31 W PATRICK STREET
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 2,000

FOUNDATION FOR THE FCC FUND INC

7932 OPOSSUMTOWN PIKE
FREDERICK,MD21702 		NONE   GENERAL SUPPORT 4,000

FREDERICK COUNTY PUBLIC LIBRARIES

110 EAST PATRICK STREET
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 9,000

OPERATION NO PERSON LEFT BEHIND
OUTDOORS INC
PO BOX 132
LIBERTYTOWN,MD21762 		NONE   GENERAL SUPPORT 2,000

CROSSED BRIDGES

91 HOWARD CT
FREDERICK,MD21702 		NONE   GENERAL SUPPORT 4,000

MARYLAND DEAF COMMUNITY CENTER

PO BOX 4131
FREDERICK,MD21705 		NONE   GENERAL SUPPORT 5,300

Get Kids Outside

3810 AUSHERMAN RD
Knoxville,MD21758 		NONE   GENERAL SUPPORT 3,000

MISSION OF MERCY

22 SOUTH MARKET ST
FREDERICK,MD21701 		NONE   GENERAL SUPPORT 10,000
Total ................................. 3a 218,000
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 ....     14 125,219  
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 ............ 		    18 208,842  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFEDERAL TAX REFUND 		    14 531  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   334,592  
13Total. Add line 12, columns (b), (d), and (e)..................
13
334,592
(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:
G FRANK THOMAS FDN INC MAIN
EIN:
52-6039803
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 390     390

TY 2025 InvestmentsCorpStockSchedule
Name:
G FRANK THOMAS FDN INC MAIN
EIN:
52-6039803
Name of Stock End of Year Book Value End of Year Fair Market Value
502441306 LVMH MOET HENNESSY L    
641069406 NESTLE S.A. SPONSORE    
00783V104 ADYEN NV-UNSPON ADR 3,022 3,849
05523R107 BAE SYSYTEMS PLC 4,970 7,338
30215C101 EXPERIAN PLC 1,844 2,665
G0403H108 AON PLC/IRELAND-A 1,899 2,470
G0450A105 ARCH CAPITAL GROUP L 3,354 4,604
G1151C101 ACCENTURE PLC CLASS    
G4705A100 ICON PLC SEDOL B94G4    
G8473T100 STERIS PLC SEDOL BFY    
N07059210 ASML HOLDING NV-NY 3,049 7,489
N3167Y103 FERRARI NV - W/I 1,418 2,587
049255706 ATLAS COPCO AB SPONS    
20449X401 COMPASS GROUP PLC-SP    
29414B104 EPAM SYSTEMS INC    
30051E104 EVOLUTION AB ADR SED    
046353108 ASTRAZENECA PLC 3,386 4,321
049468101 ATLASSIAN CORP CL A    
45104G104 ICICI BANK LTD 2,665 3,606
670100205 NOVO NORDISK A S 2,567 2,391
80687P106 SCHNEIDER ELECTRIC S    
94106B101 WASTE CONNECTIONS IN 2,037 2,630
G3421J106 FERGUSON PLC SEDOL B    
N07045102 ASM INTERNATIONAL N 1,588 3,017
00762U200 ADVANTEST CORP- SPON    
136385101 CANADIAN NATURAL RES 2,733 2,877
13646K108 CANADIAN PACIFIC KAN 3,368 4,197
361ESC049 GCI LIBERTY INC    
502117203 L OREAL CO UNSPONSOR    
58733R102 MERCADOLIBRE INC 2,952 4,029
786584102 SAFRAN SA 3,659 6,616
884903808 THOMSON REUTERS CORP    
G54950103 NEW LINDE PLC 3,011 3,838
H42097107 UBS GROUP AG 3,248 4,816
22266T109 COUPANG INC 3,520 3,892
31488V107 FERGUSON ENTERPRISES 2,999 2,672
58533E103 MEITUAN UNSP ADR    
606793404 MITSUBISHI HEAVY IND 3,399 6,809
775781206 ROLLS-ROYCE HOLDINGS 4,878 10,359
803054204 SAP SE SPONSORED ADR 5,906 5,830
81141R100 SEA LTD-ADR 3,965 7,271
82621A104 SIEMENS ENERGY AG-UN 4,752 13,735
874039100 TAIWAN SEMICONDUCTOR 5,613 12,156
88579N105 3I GROUP PLC-UNSPON 4,279 4,661
G6683N103 NU HOLDINGS LTD/CAYM 2,840 4,218
L8681T102 SPOTIFY TECHNOLOGY S 2,410 4,646
M7S64H106 MONDAY.COM LTD 2,974 1,918
251542106 DEUTSCHE BOERSE AG 3,499 2,813
654445303 NINTENDO LTD 4,818 4,080
718172109 PHILIP MORRIS INTERN 7,380 6,737
76206K107 RHEINMETALL AG-UNSP 2,627 2,559
82509L107 SHOPIFY INC - A W/I 4,182 3,863
88032Q109 TENCENT HOLDINGS LTD 4,424 4,899
G7997R103 SEAGATE TECHNOLOGY H 4,130 5,232

TY 2025 InvestmentsOtherSchedule2
Name:
G FRANK THOMAS FDN INC MAIN
EIN:
52-6039803
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
317609295 SEAFARER OVERSEAS GR      
552746364 MFS EMERGING MKTS DE      
592905749 METROPOLITAN WEST UN      
936793686 WASATCH INTL OPPORTU      
09252M883 BLACKROCK TOTAL RETU      
74440Y884 PGIM HIGH YIELD FUND      
97717X669 WISDOMTREE U.S. QUAL      
413838566 OAKMARK INTL SM CAP-      
957663669 WESTERN ASSET CORE P      
00770X675 PZENA EMERG MKTS VAL AT COST 66,279 90,788
464288877 ISHARES MSCI EAFE VA      
89154M702 TOUCHSTONE SANDS EM AT COST 51,063 64,182
00769G535 LSV SMALL CAP FUND-I      
256210105 DODGE & COX INCOME F AT COST 425,000 449,901
258620566 DOUBLELINE TOTAL RET      
464287200 ISHARES CORE S&P 500 AT COST 1,092,323 1,830,845
464287887 ISHARES S&P SMALL CA      
46429B267 ISHARES U S TREASURY      
46429B697 ISHARES MSCI USA MIN      
56167N712 NUANCE MID CAP VALUE      
56170L703 SPYGLASS GROWTH FUND      
89155T490 TOUCHSTONE MID CAP-R      
89609H704 TRIBUTARY SMALL COMP      
94987W794 ALLSPRING CORE BOND      
00171A852 AMG RR SM CAP VAL-I AT COST 47,127 45,590
04314H576 ARTISAN INTL SM/MID-      
057071813 BAIRD MIDCAP INST      
25434V807 DIMENSIONAL INTERNAT AT COST 148,692 211,027
411512460 HARBOR MID CAP VALUE AT COST 66,695 71,519
46434V456 ISHARES MSCI INTL QU      
589619824 MERIDIAN SMALL CAP G AT COST 46,391 46,568
37954Y632 GLOBAL X ART INTEL & AT COST 106,248 109,146
46434G103 ISHARES CORE MSCI EM AT COST 115,503 116,492
46435G326 ISHARES CORE MSCI DE AT COST 185,980 201,994
74256W584 PRINCIPAL MIDCAP FUN AT COST 60,000 56,325
74440B884 PRUDENTIAL TOTAL RET AT COST 380,000 382,829
922020839 VANGUARD CORE BOND F AT COST 650,000 649,285

TY 2025 OtherDecreasesSchedule
Name:
G FRANK THOMAS FDN INC MAIN
EIN:
52-6039803
Description Amount
POSTED NEXT YR / EFFECTIVE CURRENT YR 2,478
ROUNDING ADJ FOR SALES AND TRANSACTIONS 9
STERIC PLC TAX COST ADJ 35


TY 2025 OtherExpensesSchedule
Name:
G FRANK THOMAS FDN INC MAIN
EIN:
52-6039803
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSES-DIVIDEND I 97 97   0
MAP MANAGEMENT FEES 920 920   0
LIABILITY INSURANCE FEES 1,047 0   1,047
ACCOUNT MAINTENANCE FEES 250 250   0
CLASS ACTION FILING FEES 25 25   0


TY 2025 OtherIncomeSchedule2
Name:
G FRANK THOMAS FDN INC MAIN
EIN:
52-6039803
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FEDERAL TAX REFUND 531 0  


TY 2025 OtherIncreasesSchedule
Name:
G FRANK THOMAS FDN INC MAIN
EIN:
52-6039803
Description Amount
POSTED CURRENT YR / EFFECTIVE PRIOR YR 4,431
ADJUSTMENT TO INCOME - AMER FDN MULTI 438


TY 2025 OtherProfessionalFeesSchedule
Name:
G FRANK THOMAS FDN INC MAIN
EIN:
52-6039803
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PNC AGENT FOR TRUSTEE FEES 22,622 22,622    


TY 2025 TaxesSchedule
Name:
G FRANK THOMAS FDN INC MAIN
EIN:
52-6039803
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 1,363 1,363   0
FEDERAL ESTIMATES - PRINCIPAL 1,172 0   0
FOREIGN TAXES ON NONQUALIFIED 614 614   0