TY 2025 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2025

Open to Public Inspection

For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25

Name of foundation
Alchemy Foundation

Number and street (or P.O. box number if mail is not delivered to street address) 104 Lakeview Avenue
Room/suite

City or town
Cambridge

State or province
MA

Country

ZIP or foreign postal code
02138

A Employer identification number

04-3541830

B Telephone number (see instructions)

6177316727

C If exemption application is pending, check here

G Check all that apply: Initial returnInitial return of a former public charity

Address change Name change

D 1. Foreign organizations, check here.............

2. Foreign organizations meeting the 85%
test, check here and attach computation ...

E If private foundation status was terminated
under section 507(b)(1)(A), check here .......

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$8,144,558J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	7,523,623
2	Check .................
3	Interest on savings and temporary cash investments	8,195		8,195
4	Dividends and interest from securities...	38,169		38,169
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		4,277,928
b	Gross sales price for all assets on line 6a 14,194,885
7	Capital gain net income (from Part IV, line 2)...			4,277,928
8	Net short-term capital gain.........
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........	11,847,915		4,324,292
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	8,833	250	8,583
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	26,060	19,060	7,000
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	908	908	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	85	15	70
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	35,886		20,233	15,653
25	Contributions, gifts, grants paid.......	20,000			20,000
26	Total expenses and disbursements. Add lines 24 and 25 ................	55,886		20,233	35,653
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	11,792,029
b	Net investment income (if negative, enter -0-)			4,304,059
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2025)

Form 990-PF (2025)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	79,519	158,909	158,909
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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
	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).......	0	List of Attached Documents: // Content 7,230,952	7,230,952
	c	Investments—corporate bonds (attach schedule).......	0	List of Attached Documents: // Content 754,697	754,697
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	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)	79,519	8,144,558	8,144,558
	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	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	7,289,899	7,289,899
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	-7,210,380	854,659
	29	Total net assets or fund balances (see instructions).....	79,519	8,144,558
	30	Total liabilities and net assets/fund balances (see instructions).	79,519	8,144,558

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

79,519

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

11,792,029

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

List of Attached Documents:

// Content

472,154

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

12,343,702

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

List of Attached Documents:

// Content

4,199,144

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

8,144,558

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	Publicly Traded Securities
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	14,194,885	9,916,957	4,277,928
b
c
d
e

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			4,277,928
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	4,277,928
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 .........................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	59,826
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	59,826
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	59,826
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	4,815
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	0

7	Total credits and payments. Add lines 6a through 6d..............		7	4,815
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	55,011
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 tax	Refunded	11
	For Refunded amount, also complete and attach Form 8050. See instructions.

Form 990-PF (2025)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. $ 0(2) On foundation managers.$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers.$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes Click to see attachment

List of Attached Documents:

// Content

....

Yes

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website addressN/A

The books are in care ofAndrea Sprockett Telephone no. (617) 731-6727

Located at104 Lakeview AvenueCambridgeMA ZIP+402138

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........

and enter the amount of tax-exempt interest received or accrued during the year ........

16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country

Form 990-PF (2025)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

Yes

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2025? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2025?....................

If "Yes," list the years 20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine

if the foundation had excess business holdings in 2025.).....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..

Form 990-PF (2025)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check .........

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Kyra Montagu	Trustee (end 2025) 1.00	0	0	0
104 Lakeview Avenue Cambridge,MA02138	Trustee (end 2025) 1.00	0	0	0
Dominic D Montagu	Trustee 1.00	0	0	0
104 Lakeview Avenue Cambridge,MA02138	Trustee 1.00	0	0	0
Sasha A Montagu	Trustee 1.00	0	0	0
104 Lakeview Avenue Cambridge,MA02138	Trustee 1.00	0	0	0
Robert Hosang	Trustee 1.00	0	0	0
104 Lakeview Avenue Cambridge,MA02138	Trustee 1.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2025)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3.........................0

Form 990-PF (2025)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

3,496,939

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

93,585

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

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

3,590,524

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

3,590,524

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

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

53,858

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

3,536,666

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

176,833

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)

Minimum investment return from Part IX, line 6..................

176,833

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

59,826

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

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

59,826

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

117,007

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

119,250

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

236,257

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

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

236,257

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........

35,653

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

35,653

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					236,257
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......	1,804,796
b From 2021......	159,507
c From 2022......	253,759
d From 2023......	1,339,726
e From 2024......	3,097,115
f Total of lines 3a through e ........		6,654,903
4Qualifying distributions for 2025 from Part
XI, line 4: $ 35,653
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.....					35,653
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2025.		200,604			200,604
(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		6,454,299
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) ...		1,604,192
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......		4,850,107
10 Analysis of line 9:
a Excess from 2021 ....	159,507
b Excess from 2022 ....	253,759
c Excess from 2023 ....	1,339,726
d Excess from 2024 ....	3,097,115
e Excess from 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 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2025	(b) 2024	(c) 2023	(d) 2022	(e) Total

b 85% (0.85) of line 2a .......
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, 3b, or 3c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

Kyra Montagu

Dominic D Montagu

Sasha A Montagu

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 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)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Foundation for the Free Flight 11260 Donner Pass Road Suite C1 PMB 1021 Truckee,CA96161	N/A		General Support	10,000
Wild Foundation 717 Poplar Avenue Boulder,CO80304	N/A		General Support	10,000
Total ................................. 3a				20,000

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2025)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	8,195
4 Dividends and interest from securities ....			14	38,169
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	4,277,928
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) ..		0		4,324,292	0

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

4,324,292

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2025)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

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

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2025)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

Name of the organization

Alchemy Foundation

Employer identification number

04-3541830

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 2025) Page 2

Name of organization Alchemy Foundation

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	Kyra Montagu 104 Lakeview Avenue Cambridge, MA02138	$ 7,523,623	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 3

Name of organization Alchemy Foundation		Employer identification number 04-3541830

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	Publicly tarded Securities	$ 7,523,623	2025-06-26
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 4


Name of organization Alchemy Foundation			Employer identification number 04-3541830
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2025 AccountingFeesSchedule

Name:

Alchemy Foundation

EIN:

04-3541830

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Tax Preparation Fees	500	250		250
Bookkeeping Fees	8,333	0		8,333

- TIN:

TY 2025 InvestmentsCorpBondsSchedule

Name:

Alchemy Foundation

EIN:

04-3541830

Name of Bond	End of Year Book Value	End of Year Fair Market Value
5000 units Starbucks Corporation 4.75% 2/15/2026	5,093	5,093
7000 units T-mobile USA, Inc. 1.5% 2/15/2026	7,017	7,017
9000 units Lowe's Companies, Inc. 4.8% 4/1/2026	9,120	9,120
7000 units Ebay Inc. 3.0% 6/5/2027	6,981	6,981
9000 units HP Inc. 3.0% 6/17/2027	8,872	8,872
8000 units HP Enterprise Co 4.4% 9/25/2027	8,134	8,134
5000 units Marsh & McLennan Companies, In 4.55% 11/8/2027	5,093	5,093
4000 units Kellogg Co 3.4% 11/15/2027	3,983	3,983
9000 units Amerisourcebergen Corp 3.45% 12/15/2027	8,936	8,936
9000 units Boardcom Corporation 3.5% 1/15/2028	9,070	9,070
9000 units Northrop Grumman Corporation 3.25% 1/15/2028	9,021	9,021
15000 units Sumitomo Mitsui Finacial Group 3.544% 1/17/2028	15,123	15,123
9000 units Amgen Inc. 5.15% 3/2/2028	9,367	9,367
7000 units Fiserv Inc. 5.45% 3/2/2028	7,296	7,296
14000 units Mitsubishi UFJ Finacial Group 3.961% 3/2/2028	14,201	14,201
7000 units BAT Intl Finance PLC 4.448% 3/16/208	7,147	7,147
12000 units Nutrien LTD. 4.9% 3/27/2028	12,373	12,373
15000 units Comcast Corp 3.55% 5/1/2028	14,969	14,969
14000 units Citigroup Inc. Hybrid 5/7/2028	14,212	14,212
3000 units Pfizer Investments Enterprises 4.45% 5/19/2028	3,056	3,056
9000 units Canadian Pacific RR Co 4%	9,036	9,036
7000 units L3Harris Technologies, Inc. 4.4% 6/15/2028	7,068	7,068
15000 units Honda Motor Co., LTD 4.436% 7/8/2028	15,481	15,481
4000 units Verizon Communications, Inc. 4.329% 9/21/2028	4,082	4,082
9000 units Cigna Corporation 4.375% 10/15/2028	9,167	9,167
7000 units JM Smucker Co 5.9% 11/15/2028	7,390	7,390
9000 units United Technologies Corp 4.125% 11/16/2028	9,080	9,080
8000 units Baxter International Inc. 2.272% 12/01/2028	7,574	7,574
15000 units Bank of America Corporation Hybrid 12/20/2028	14,845	14,845
7000 units General Motors Finl Co 5.65% 1/17/2029	7,434	7,434
4000 units Sysco Corporation 5.75% 1/17/2029	4,287	4,287
7000 units Royal Bank of Canada Hybrid Mtn 1/24/2029	7,283	7,283
7000 units Fox Corporation 4.709% 1/25/2029	7,236	7,236
7000 units Eversource Energy 5.95% 2/1/2029	7,494	7,494
7000 units Becton, Dickinson and Company 4.874% 2/8/2029	7,278	7,278
5000 units Philip Morris International In 4.875% 2/13/2029	5,215	5,215
9000 units Altria Group, Inc. 4.8% 2/14/2029	9,323	9,323
9000 units Aon North America, Inc. 5.15% 3/1/2029	9,418	9,418
7000 units American Tower Corp 3.95% 3/15/2029	7,026	7,026
14000 units Mid-American Apartments 3.95% 3/15/2029	14,087	14,087
9000 units AEP Texas Inc. 5.45% 5/15/2029	9,387	9,387
14000 units Charles Schwab Corporation TH Hybrid 5/19/2029	14,623	14,623
8000 units Truist Financial Corporation Hybrid MTN 6/7/2029	7,612	7,612
9000 units Elevance Health, Inc. 5.15% 6/15/2029	9,312	9,312
9000 units NXP BV/NXP FDG/NXP USA 4.3% 6/18/2029	9,033	9,033
10000 units JPMorgan Chase & Co Hybrid 7/24/2029	10,540	10,540
5000 units Royalty Pharma PLC 5.15% 9/2/2029	5,228	5,228
8000 units Bunge LTD Finacne Corp 4.2% 9/17/2029	8,106	8,106
7000 units Cardinal Health Inc 5.0% 11/15/2029	7,239	7,239
9000 units Quest Diagnostics Inc. 4.625% 12/15/2029	9,178	9,178
9000 units UDR Inc. MTN 3.2% 1/15/2030	8,787	8,787
14000 units Morgan Stanley Hybrid 1/16/2030	14,713	14,713
5000 units General Mills Inc 4.875% 1/30/2030	5,219	5,219
8000 units Capital One Fiancial Co Hybrid 2/1/2030	8,513	8,513
7000 units Zimmer Biomet Holdings, Inc 5.05% 2/19/2030	7,357	7,357
3000 units BHP Billiton Finance USA LIM 5.0% 2/21/2030	3,152	3,152
7000 units Marathon Petroleum Corp 5.15% 3/1/2030	7,331	7,331
10000 units DTE Energy Co 5.2% 4/1/2030	10,454	10,454
7000 units Laboratory Corporation of Amer 4.35% 4/1/2030	7,092	7,092
12000 units Omnicom Group Inc. 2.45% 4/30/2030	11,153	11,153
3000 units Boeing Company 5.15% 5/1/2030	3,111	3,111
7000 units Constellation Brands, Inc. 4.8% 5/1/2030	7,179	7,179
9000 units Enbridge Inc 4.9% 6/20/2030	9,222	9,222
12000 units Canadian Natl Resources 2.95% 7/15/2030	11,480	11,480
4000 units JPMorgan Chase & Co Hybrid 7/22/2030	4,198	4,198
7000 units US Bancorp Hybrid 7/23/2030	7,371	7,371
7000 units AT&T Inc 4.7% 8/15/2030	7,311	7,311
7000 units Oneok, Inc. 5.8% 11/1/2030	7,453	7,453
8000 units Dow Chemical Company 2.1% 11/15/2030	7,109	7,109
9000 units Alexandria Real Estate E 4.9% 12/15/2030	9,147	9,147
14000 units Canadian Imperial Bank of Comm Hybrid 1/13/2031	14,790	14,790
5000 units Verizon Communications, Inc. 1.75% 1/20/2031	4,443	4,443
14000 units Wells Fargo & Company Hybrid 1/24/2031	14,827	14,827
7000 units PNC Financial Services Hybrid 1/29/2031	7,403	7,403
18000 units Bank of NY Mellon Corp Hybrid MTN 2/11/2031	18,869	18,869
14000 units Bank of Nova Scotia Hybrid 2/14/2031	14,709	14,709
8000 units McCormick & Co 1.85% 2/15/2031	7,129	7,129
14000 units American Express Company Hybrid 4/25/2031	14,568	14,568
10000 units Oracle Corporation 5.25% 2/3/2032	10,226	10,226
6000 units Automation Inc. 3.5% 3/1/2032	5,724	5,724
7000 units Synopsys Inc. 5.% 4/1/2032	7,244	7,244
5000 units Ameriprise Financial, Inc. 4.5% 5/13/2032	5,080	5,080
14000 units Kenvue Inc. 4.85% 5/22/2032	14,406	14,406
4000 units Nextera Energy Capital Holding 5.0% 7/15/2032	4,195	4,195
14000 units Southern Co Gas Capital 5.15% 9/15/2032	14,606	14,606

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

Alchemy Foundation

EIN:

04-3541830

Name of Stock	End of Year Book Value	End of Year Fair Market Value
1631 units SPY	1,115,463	1,115,463
1085 units VOO	680,436	680,436
250000 units National Bank of Canada-New York due 10/19/2026 (NBCSPF15)	251,647	251,647
250000 units Bank of Nova Scotia due 12/09/2026 (BNSSPF32)	246,137	246,137
250000 units Barclays Bank PLC due 12/18/2026 (OYSPX087)	252,925	252,925
250000 units Morgan Stanley Finance LLC due 02/01/2027 (OMSPX289)	244,825	244,825
125000 units Bank of Nova Scotia due 2/09/2029 (ONRUT006)	123,812	123,812
2750 units VEA	171,792	171,792
60000 units JPMorgan Chase & Co due 10/19/2026 (OJIDE362)	64,662	64,662
75000 units Citigroup Inc. due 12/09/2026 (OIIDEE66)	75,885	75,885
75000 units Bank of Nova Scotia due 1/19/2027 (BNSXE005)	74,668	74,668
50000 units Bank of Montreal due 2/09/2029 (BMOSX5E2)	49,224	49,224
78 units ABBV	17,822	17,822
51 units AMD	10,922	10,922
353 units GOOGL	110,489	110,489
377 units AMZN	87,019	87,019
112 units AME	22,995	22,995
552 units AAPL	150,067	150,067
279 units ASND	59,494	59,494
59 units AXON	33,508	33,508
525 units BAC	28,875	28,875
146 units AVGO	50,531	50,531
66 units DHR	15,130	15,130
44 units LLY	47,286	47,286
31 units GEV	20,261	20,261
189 units HWM	38,749	38,749
120 units KKR	15,298	15,298
330 units LEGN	7,174	7,174
225 units MRVL	19,120	19,120
120 units META	79,211	79,211
255 units MSFT	123,323	123,323
380 units NFLX	35,629	35,629
1067 units NVDA	198,996	198,996
270 units ORLY	24,627	24,627
102 units ORCL	19,881	19,881
94 units PANW	17,315	17,315
56 units CRM	14,858	14,858
245 units NOW	37,532	37,532
33 units SNPS	15,501	15,501
67 units TSLA	30,131	30,131
43 units UNH	14,195	14,195
251 units VRT	40,665	40,665
115 units V	40,332	40,332
66 units TSM	20,098	20,098
75 units ABBV	17,137	17,137
57 units ALL	11,922	11,922
170 units AMZN	39,239	39,239
74 units AXP	27,376	27,376
113 units APO	16,358	16,358
88 units AMAT	22,615	22,615
112 units APTV	8,522	8,522
28 units AJG	7,246	7,246
34 units AN	7,020	7,020
3 units AZO	10,175	10,175
485 units OWL	7,246	7,246
2 units BKNG	10,711	10,711
90 units CHRW	14,525	14,525
71 units COF	17,208	17,208
76 units COR	25,669	25,669
369 units CNP	14,147	14,147
158 units SCHW	15,786	15,786
244 units KO	17,058	17,058
187 units COP	17,505	17,505
39 units CPAY	11,736	11,736
32 units CMI	16,334	16,334
131 units DELL	16,490	16,490
130 units FANG	19,543	19,543
62 units EMR	8,229	8,229
147 units ETR	13,587	13,587
57 units FDX	16,548	16,548
469 units FE	20,997	20,997
196 units FCX	9,955	9,955
52 units GD	17,506	17,506
145 units GILD	17,797	17,797
126 units HON	24,581	24,581
32 units HUBB	14,212	14,212
1120 units HBAN	19,606	19,606
109 units ICE	17,654	17,654
74 units IQV	16,680	16,680
81 units J	10,729	10,729
205 units JPM	66,055	66,055
68 units KEYS	13,817	13,817
56 units LHX	16,440	16,440
32 units LHX	8,028	8,028
54 units LDOS	9,742	9,742
63 units LPLA	22,502	22,502
35 units LULU	7,273	7,273
129 units MPC	20,979	20,979
28 units MCK	22,991	22,991
33 units META	21,783	21,783
300 units MCHP	19,116	19,116
107 units MU	30,552	30,552
135 units MS	23,967	23,967
225 units NEM	22,466	22,466
43 units NRG	6,847	6,847
72 units ODFL	11,290	11,290
59 units ORCL	11,500	11,500
222 units PM	35,935	35,935
494 units PPL	17,435	17,435
91 units DGX	15,791	15,791
37 units RS	10,688	10,688
60 units STLD	10,197	10,197
207 units SYY	15,254	15,254
69 units TMUS	14,010	14,010
45 units THC	8,942	8,942
98 units TRMB	7,678	7,678
292 units UBER	23,859	23,859
81 units UAL	9,057	9,057
24 units URI	19,424	19,424
55 units UNH	18,156	18,156
324 units USFD	24,404	24,404
195 units DIS	22,331	22,331
279 units WFC	26,003	26,003
56 units WAB	11,953	11,953
29 units HD	9,979	9,979
175 units SLB	6,766	6,766
48 units ALLE	7,643	7,643
50 units AON	17,644	17,644
146 units AZN	13,422	13,422
203 units CNQ	6,937	6,937
498 units CVE	8,426	8,426
97 units CCEP	8,798	8,798
264 units CRH	32,947	32,947
226 units FLEX	13,655	13,655
1204 units KGC	33,905	33,905
165 units MDT	15,938	15,938
147 units NVO	7,479	7,479
100 units NXPI	21,792	21,792
112 units NTES	15,413	15,413
56 units BAP	16,072	16,072
847 units ADYEY	13,678	13,678
712 units AAGIY	29,235	29,235
301 units AIQUY	11,331	11,331
166 units ALC	13,082	13,082
331 units ALFVY	16,721	16,721
837 units ALIZY	38,386	38,386
39 units ASML	41,725	41,725
719 units ASAZY	13,996	13,996
557 units ATLKY	10,033	10,033
229 units BAESY	21,117	21,117
847 units BBVA	19,744	19,744
76 units CNI	7,513	7,513
952 units CHGCY	25,032	25,032
708 units CLPBY	6,083	6,083
317 units CMPGY	10,080	10,080
1273 units CYATY	20,668	20,668
758 units DFKCY	11,916	11,916
295 units DASTY	8,260	8,260
234 units DBSDY	41,021	41,021
959 units DSCSY	29,471	29,471
658 units EPOAY	14,982	14,982
280 units FMX	28,300	28,300
447 units GMAB	13,768	13,768
228 units GBOOY	10,579	10,579
942 units HSHCY	11,754	11,754
2140 units HLN	21,635	21,635
827 units HDB	30,219	30,219
239 units LRLCY	20,581	20,581
654 units LSRCY	24,738	24,738
1347 units MTHRY	9,083	9,083
610 units MFC	22,131	22,131
8 units MELI	16,114	16,114
163 units NICE	18,426	18,426
83 units NVS	11,443	11,443
122 units NVZMY	7,823	7,823
774 units OBICY	12,153	12,153
541 units TLK	11,388	11,388
732 units PNGAY	12,254	12,254
275 units RIO	22,008	22,008
484 units RHHBY	25,063	25,063
178 units RYAAY	12,850	12,850
435 units SFHOY	7,721	7,721
134 units SAFRY	11,701	11,701
545 units FRANCE	30,071	30,071
56 units SE	7,144	7,144
405 units SHEL	29,759	29,759
1184 units SGIOY	10,731	10,731
142 units SONVY	7,424	7,424
866 units SONY	22,170	22,170
409 units SYIEY	8,272	8,272
1029 units SSMXY	10,126	10,126
147 units TSM	44,764	44,764
134 units TTNDY	7,739	7,739
492 units TCEHY	37,863	37,863
2677 units UNICY	7,643	7,643

- TIN:

TY 2025 OtherDecreasesSchedule

Name:

Alchemy Foundation

EIN:

04-3541830

Description	Amount
Book-to-tax adjustment due to receipt of donated securities	4,154,644
Net timing differences in fund deposits and withdrawals	44,500

- TIN:

TY 2025 OtherExpensesSchedule

Name:

Alchemy Foundation

EIN:

04-3541830

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Bank Charges	15	15		0
State Filing Fees	70	0		70

- TIN:

TY 2025 OtherIncreasesSchedule

Name:

Alchemy Foundation

EIN:

04-3541830

Description	Amount
Unrealized gains on investments	472,154

- TIN:

TY 2025 OtherProfessionalFeesSchedule

Name:

Alchemy Foundation

EIN:

04-3541830

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Fees	19,060	19,060		0
Consulting Fees	7,000	0		7,000

- TIN:

TY 2025 TaxesSchedule

Name:

Alchemy Foundation

EIN:

04-3541830

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Foreign Taxes	908	908		0