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
THOMAS GARROTT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 919798
  Room/suite
City or town
ORLANDO
State or province
FL
Country  
ZIP or foreign postal code
328919798
A Employer identification number

62-6289645
B Telephone number (see instructions)

8042737445
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)$24,855,384J 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... 490,970 486,220  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 815,807
b Gross sales price for all assets on line 6a 3,658,608
7 Capital gain net income (from Part IV, line 2)... 815,807
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,306,777 1,302,027  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 57,690 28,845   28,845
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
2,500 0 0 2,500
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
18,205 6,659   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
41 41    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 78,436 35,545 0 31,345
25 Contributions, gifts, grants paid....... 894,850 894,850
26 Total expenses and disbursements. Add lines 24 and 25 ................ 973,286 35,545 0 926,195
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 333,491
b Net investment income (if negative, enter -0-) 1,266,482
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............. 3,565 3,456 3,456
2 Savings and temporary cash investments......... 354,393 444,234 444,234
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts 0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,209,262 Click to see attachment
List of Attached Documents:
// Content
4,141,607 		8,360,254
c Investments—corporate bonds (attach schedule)....... 3,951,174 Click to see attachment
List of Attached Documents:
// Content
3,594,877 		3,595,258
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,833,630 Click to see attachment
List of Attached Documents:
// Content
7,499,306 		12,452,182
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) 15,352,024 15,683,480 24,855,384
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........ 15,352,024 15,683,480
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)..... 15,352,024 15,683,480
30 Total liabilities and net assets/fund balances (see instructions). 15,352,024 15,683,480
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
15,352,024
2
Enter amount from Part I, line 27a .....................
2
333,491
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
6,906
4
Add lines 1, 2, and 3 ..........................
4
15,692,421
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
8,941
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
15,683,480
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 200000. MERCK & CO INC 2.750% 2/10/25   2016-07-08 2025-02-10
b 200. ABBOTT LABORATORIES   2015-12-02 2025-02-14
c 640. ALLSTATE CORP   2015-12-02 2025-02-14
d 520. ANALOG DEVICES INC     2025-02-14
e 4000. BANK OF AMER CORP COMMON   2015-12-02 2025-02-14
400. DUPONT DE NEMOURS INC   2017-05-16 2025-02-14
275. FEDEX CORPORATION   2019-01-09 2025-02-14
9180. ISHARES US TELECOMMUNICATION   2019-12-09 2025-02-14
725. MOLSON COORS BREWING CO     2025-02-14
250. NEXTERA ENERGY INC   2023-09-05 2025-02-14
1000. OMNICOM GROUP INCORPORATED     2025-02-14
536. STE ST INDUSTRIAL SLCT SCTR SPDR ETF   2017-06-28 2025-02-14
120. VANGUARD INFO TECH ETF   2021-06-23 2025-02-14
1700. VERIZON COMMUNICATIONS INC     2025-02-14
290. DIAMONDBACK ENERGY INC   2024-09-24 2025-06-25
500. CORTEVA INC   2017-05-16 2025-06-26
270. CHEVRON TEXACO CORP COMMON     2025-07-17
400. CHIPOTLE MEXICAN GRILL INC   2024-09-24 2025-07-17
390. EASTMAN CHEM CO   2024-09-24 2025-07-17
250. MOHAWK IND INC COMMON   2025-02-14 2025-07-17
250. NEXTERA ENERGY INC   2023-09-05 2025-07-17
200000. MORGAN STANLEY MTN 4.000% 7/23/25   2022-02-17 2025-07-23
200000. BANK OF NEW YORK MTN 3.950% 11/18/25   2016-05-12 2025-11-18
650. CHEVRON TEXACO CORP COMMON   2020-08-17 2025-12-09
5750. INVESCO S&P 500 EQUAL WEIGHT ETF     2025-12-09
1055. ISHARES DJ US AEROSPACE & DF ETF   2016-11-28 2025-12-09
2500. SS CNSMER STPLS SLCT SECT SPDR ETF     2025-12-09
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(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 200,000   200,000  
b 26,196   9,125 17,071
c 121,517   40,488 81,029
d 111,125   95,449 15,676
e 187,546   70,994 116,552
33,613   34,834 -1,221
73,746   46,745 27,001
262,036   270,793 -8,757
43,442   45,272 -1,830
17,008   16,549 459
81,843   85,352 -3,509
73,833   36,490 37,343
76,600   46,871 29,729
69,970   92,410 -22,440
40,282   53,718 -13,436
37,208   19,674 17,534
40,841   24,572 16,269
21,449   23,111 -1,662
30,550   43,059 -12,509
27,861   30,443 -2,582
18,843   16,549 2,294
200,000   200,000  
200,000   200,000  
97,060   58,749 38,311
1,100,934   867,564 233,370
216,397   75,839 140,558
194,733   138,151 56,582
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
      53,975
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        
b       17,071
c       81,029
d       15,676
e       116,552
      -1,221
      27,001
      -8,757
      -1,830
      459
      -3,509
      37,343
      29,729
      -22,440
      -13,436
      17,534
      16,269
      -1,662
      -12,509
      -2,582
      2,294
       
       
      38,311
      233,370
      140,558
      56,582
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 815,807
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 17,604
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 17,604
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 17,604
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 11,164
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 11,164
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 6,440
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)
TN
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 ofTRUIST BANK Telephone no. (804) 273-7445

Located atPO BOX 919798ORLANDOFL ZIP+432891
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
TRUIST BANK TRUSTEE
1 		57,690    
PO BOX 919798
ORLANDO,FL32891
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
22,793,992
b
Average of monthly cash balances.......................
1b
391,998
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
23,185,990
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
23,185,990
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
347,790
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
22,838,200
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
1,141,910
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
1,141,910
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
17,604
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
17,604
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,124,306
4
Recoveries of amounts treated as qualifying distributions................
4
2,100
5
Add lines 3 and 4............................
5
1,126,406
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
1,126,406
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
926,195
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
926,195
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 1,126,406
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 261,108
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: $ 926,195
a Applied to 2024, but not more than line 2a 261,108
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..... 665,087
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		461,319
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 0
c Excess from 2023 .... 0
d Excess from 2024 .... 0
e Excess from 2025 .... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2025)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ALZHEIMER AND PARKINSON ASSOC OF IRC

2300 5TH AVE STE 150
VERO BEACH,FL32960 		NONE   GENERAL OPERATING 1,000

AMEA MINISTRIES

307 LEONORA
MEMPHIS,TN38117 		NONE   GENERAL OPERATING 2,000

BINGHAMPTON CHRISTIAN ACADEMY

175 TILLMAN STREET
MEMPHIS,TN38111 		NONE   GENERAL OPERATING 1,000

BROADWAY BAPTIST CHURCH

7400 GETWELL RD
SOUTHAVEN,MS38672 		NONE   GENERAL OPERATING 100

CENTRAL PRESBYTERIAN CHURCH

593 PARK AVE
NEW YORK,NY10065 		NONE   GENERAL OPERATING 5,000

CHURCH OF THE HOLY COMMUNION

4645 WALNUT GROVE RD
MEMPHIS,TN38117 		NONE   GENERAL OPERATING 100

CHILDRENS OF ALABAMA

1600 7TH AVE SOUTH
BIRMINGHAM,AL35233 		NONE   GENERAL OPERATING 2,500

CHICKASAW COUNCIL

171 SOUTH HOLLYWOOD STREET
MEMPHIS,TN38112 		NONE   GENERAL OPERATING 1,000

CHILDCARE RESOURCES OF INDIAN RIVER

2300 FIFTH AVE STE 149
VERO BEACH,FL32960 		NONE   GENERAL OPERATING 3,250

CHRIST METHODIST CHURCH

4488 POPLAR AVE
MEMPHIS,TN38117 		NONE   GENERAL OPERATING 1,000

CHURCH HEALTH CENTER

1350 CONCOURSE AVE SUITE 142
MEMPHIS,TN38104 		NONE   GENERAL OPERATING 1,000

COACHES HONOR

PO BOX 51139
JACKSONVILLE BEACH,FL32240 		NONE   GENERAL OPERATING 15,000

COMMUNITY FOUNDATION OF MEMPHIS

1350 CONCOURSE AVE STE 458
MEMPHIS,TN38104 		NONE   GENERAL OPERATING 2,500

DIXON GALLERY AND GARDENS

4339 PARK AVE
MEMPHIS,TN38117 		NONE   GENERAL OPERATING 18,500

DUCKS UNLIMITED

ONE WATERFOWL WAY
MEMPHIS,TN38120 		NONE   GENERAL OPERATING 1,500

ELMWOOD CEMETERY OF MEMPHIS FDN

824 S DUDLEY
MEMPHIS,TN38104 		NONE   GENERAL OPERATING 100

GIGIS PLAYHOUSE

4740 PARK GLEN RD
ST LOUIS PARK,MN55416 		NONE   GENERAL OPERATING 5,000

GLOBAL FAITH PROJECT

3628 HANOVER ST
DALLAS,TX75225 		NONE   GENERAL OPERATING 10,000

HOSPITALITY HUB

590 WASHINGTON AVE
MEMPHIS,TN38105 		NONE   GENERAL OPERATING 20,000

HUGHES UNITED METHODIST CHURCH

PO BOX 326
HUGHES,AR72348 		NONE   GENERAL OPERATING 100

HUTCHISON SCHOOL

1740 RIDGEWAY RD
MEMPHIS,TN38119 		NONE   GENERAL OPERATING 10,000

INTERNATIONAL JUSTICE MISSION

PO BOX 96961
WASHINGTON,DC200906961 		NONE   GENERAL OPERATING 100

JANE'S FUND

7804 FAIRVIEW RD PO BOX 243
CHARLOTTE,NC28226 		NONE   GENERAL OPERATING 4,500

LE BONHEUR CHILDREN'S HOSPITAL
FOUNDATION
848 ADAMS AVE
MEMPHIS,TN38103 		NONE   GENERAL OPERATING 100

MCKEE BOTANICAL GARDEN

350 US HIGHWAY 1
VERO BEACH,FL32962 		NONE   GENERAL OPERATING 1,500

MEMPHIS BOTANIC GARDEN

750 CHERRY RD
MEMPHIS,TN38117 		NONE   GENERAL OPERATING 200

MEMPHIS GARDEN CLUB

4339 PARK AVE
MEMPHIS,TN38117 		NONE   GENERAL OPERATING 100

MEMPHIS UNIVERSITY

6191 PARK AVE
MEMPHIS,TN38119 		NONE   GENERAL OPERATING 122,100

MIFA

910 VANCE AVE
MEMPHIS,TN38126 		NONE   GENERAL OPERATING 100

MIDTOWN FELLOWSHIP CHURCH
(PRESBYTERIAN CHURCH)
2415 12TH AVE S
NASHVILLE,TN37203 		NONE   GENERAL OPERATING 5,000

MY CUP OF TEA

3028 CARNES AVENUE
MEMPHIS,TN38111 		NONE   GENERAL OPERATING 1,000

NATIONAL CHRISTIAN FOUNDATION
OF MEMPHIS
6070 POPLAR AVE
MEMPHIS,TN38119 		NONE   GENERAL OPERATING 30,000

NEIGHBORHOOD CHRISTIAN CENTER

785 JACKSON AVENUE
MEMPHIS,TN38107 		NONE   GENERAL OPERATING 2,500

ONE HUNDRED CLUB OF MEMPHIS

PO BOX 770726
MEMPHIS,TN38177 		NONE   GENERAL OPERATING 1,000

PROGRESSIVE MISSIONARY BAPTIST CHURCH

394 VANCE AVE
MEMPHIS,TN38126 		NONE   GENERAL OPERATING 100

PRESBYTERIAN DAY SCHOOL

4025 POPLAR AVE
MEMPHIS,TN38111 		NONE   GENERAL OPERATING 1,250

PURE ACADEMY

3925 CHELSEA AVE EXT
MEMPHIS,TN38108 		NONE   GENERAL OPERATING 100

REFORMED UNIVERSITY FELLOWSHIP

PO BOX 890004
CHARLOTTE,NC28289 		NONE   GENERAL OPERATING 12,500

SANCTUARY COUNSELING CENTER

4933 WILLIAM ARNOLD ROAD
MEMPHIS,TN38117 		NONE   GENERAL OPERATING 125,000

SEVEN MILE ROAD CHURCH

PO BOX 271628
HOUSTON,TX77277 		NONE   GENERAL OPERATING 5,000

SECOND PRESBYTERIAN CHURCH

4055 POPLAR AVENUE
MEMPHIS,TN38111 		NONE   GENERAL OPERATING 102,050

SHELBY COUNTY CRIME COMISSION

600 JEFFERSON AVE 400
MEMPHIS,TN38105 		NONE   GENERAL OPERATING 2,000

SLINGSHOT

2481 BROAD AVE
MEMPHIS,TN38112 		NONE   GENERAL OPERATING 5,000

ST JUDE'S RESEARCH HOSPITAL

501 ST JUDE PLACE
MEMPHIS,TN38105 		NONE   GENERAL OPERATING 1,000

ST MARY S EPISCOPAL SCHOOL

60 PERKINS EXTENDED
MEMPHIS,TN38117 		NONE   GENERAL OPERATING 81,500

ST PAULS ANGLICAN CHURCH

999 FLAMEVINE LN
VERO BEACH,FL32963 		NONE   GENERAL OPERATING 60,200

10000 BRAINS PROJECT

490 LAKE PARK AVE 10890
OAKLAND,CA94610 		NONE   GENERAL OPERATING 4,000

TENNESSEE SHAKESPEARE CO

7950 TRINITY RD
Cordova,TN38018 		NONE   GENERAL OPERATING 100

THE CENTER - MEMPHIS

4695 CHICKASAW RD
MEMPHIS,TN38117 		NONE   GENERAL OPERATING 11,000

THE FRONT PORCH

4688 WALNUT GROVE ROAD
MEMPHIS,TN38117 		NONE   GENERAL OPERATING 5,000

THE WOMEN'S EXCHANGE OF MEMPHIS

88 RACINE ST
MEMPHIS,TN38111 		NONE   GENERAL OPERATING 100

THIRD MILLENNIUM MINISTRIES

316 LIVE OAKS BLVD
CASSELBERRY,FL32707 		NONE   GENERAL OPERATING 90,000

TURNING POINT USA

4940 EAST BEVERLY RD
PHOENIX,AZ85044 		NONE   GENERAL OPERATING 1,500

VANDERBILT UNIVERSITY

401 21ST AVE S
NASHVILLE,TN37203 		NONE   GENERAL OPERATING 5,000

VERO BEACH MUSEUM OF ART

3001 RIVERSIDE PARK DR
VERO BEACH,FL329631874 		NONE   GENERAL OPERATING 2,000

VERO CLASSICAL SCHOOL

51 OLD DIXIE HWY
VERO BEACH,FL32962 		NONE   GENERAL OPERATING 1,500

WESTSIDE PRESBYTERIAN CHURCH

1255 COLLIER RD NW
ATLANTA,GA30318 		NONE   GENERAL OPERATING 5,000

YOUNG LIFE MEMPHIS

658 COLONIAL ROAD
MEMPHIS,TN38117 		NONE   GENERAL OPERATING 5,000

YOUTH VILLAGES

3330 BROTHER BLVD
BARTLETT,TN38133 		NONE   GENERAL OPERATING 100,000

ST JOHN'S EPISCOPAL CHURCH FOUNDATION
INC
3245 CENTRAL AVE
MEMPHIS,TN38111 		NONE   GENERAL OPERATING 100
Total ................................. 3a 894,850
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 ....     14 490,970  
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 ............ 		    18 815,807  
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) ..   1,306,777  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,306,777
(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:
THOMAS GARROTT FOUNDATION
EIN:
62-6289645
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 2,500     2,500

TY 2025 InvestmentsCorpBondsSchedule
Name:
THOMAS GARROTT FOUNDATION
EIN:
62-6289645
Name of Bond End of Year Book Value End of Year Fair Market Value
037833BY5 APPLE INC 200,324 199,798
58933YAR6 MERCK & CO INC    
25468PDK9 WALT DISNEY COMPANY/ 200,843 199,752
437076BM3 HOME DEPOT INC 200,404 199,626
06406HCQ0 BANK OF NEW YORK MEL    
74005PBQ6 PRAXAIR INC 200,411 199,874
12572QAJ4 CME GROUP INC 208,109 200,166
369550BM9 GENERAL DYNAMICS COR 79,674 73,610
438516BU9 HONEYWELL INTERNATIO 204,523 190,854
654106AJ2 NIKE INC 203,465 197,748
713448EZ7 PEPSICO INC 193,528 181,136
6174468C6 MORGAN STANLEY    
808513BG9 CHARLES SCHWAB CORP 139,811 153,487
89115A2E1 TORONTO-DOMINION BAN 146,294 149,709
341081GL5 FLORIDA PWR & LT CO 206,430 207,130
718172CX5 PHILIP MORRIS INTL I 201,831 213,746
110122EH7 BRISTOL-MYERS SQUIBB 149,255 155,934
17275RBT8 CISCO SYSTEMS INC 149,307 154,358
26442UAN4 DUKE ENERGY PROGRESS 233,430 236,503
59156RCE6 METLIFE INC SR 204,396 210,806
91324PFA5 UNITEDHEALTH GROUP I 206,507 205,356
61747YFR1 MORGAN STANLEY 266,335 265,665

TY 2025 InvestmentsCorpStockSchedule
Name:
THOMAS GARROTT FOUNDATION
EIN:
62-6289645
Name of Stock End of Year Book Value End of Year Fair Market Value
166764100 CHEVRON CORP 85,864 144,790
375558103 GILEAD SCIENCES INC 52,739 61,370
713448108 PEPSICO INC 52,025 74,630
594918104 MICROSOFT CORP 94,172 822,154
907818108 UNION PAC CORP 79,397 218,597
58933Y105 MERCK & CO INC 94,114 189,468
92343V104 VERIZON COMMUNICATIO    
742718109 PROCTER & GAMBLE CO 36,504 57,324
22052L104 CORTEVA INC 27,386 46,653
26614N102 DUPONT DE NEMOURS IN    
31428X106 FEDEX CORPORATION    
002824100 ABBOTT LABS 9,125 25,058
020002101 ALLSTATE CORP 63,263 208,150
031162100 AMGEN INC 265,768 537,770
037833100 APPLE INC 98,534 913,450
060505104 BANK OF AMERICA CORP 70,994 220,000
00287Y109 ABBVIE INC 68,740 105,105
02079K107 ALPHABET INC CL C 164,221 313,800
023135106 AMAZON.COM INC 79,781 115,410
032654105 ANALOG DEVICES INC    
03990B101 ARES MANAGEMENT CORP 70,683 96,978
064058100 BANK OF NEW YORK MEL 44,046 92,872
11135F101 BROADCOM INC 128,520 519,150
125896100 CMS ENERGY CORP 49,823 62,937
142339100 CARLISLE COS INC 66,793 79,965
20030N101 COMCAST CORP-CL A 92,070 59,780
278865100 ECOLAB INC 60,960 82,694
291011104 EMERSON ELEC CO 68,117 92,904
437076102 HOME DEPOT INC 131,735 137,640
46625H100 JP MORGAN CHASE & CO 129,573 257,776
482480100 KLA CORP 134,897 334,147
539830109 LOCKHEED MARTIN CORP 67,130 72,551
60871R209 MOLSON COORS BEVERAG    
617446448 MORGAN STANLEY 76,134 159,777
64110L106 NETFLIX INC 101,159 131,264
65339F101 NEXTERA ENERGY INC    
66987V109 NOVARTIS AG SPONSORE 71,405 103,403
681919106 OMNICOM GROUP    
68389X105 ORACLE CORPORATION 75,082 107,201
693475105 PNC FINL SVCS GROUP 64,678 104,365
718172109 PHILIP MORRIS INTL I 74,536 126,716
744320102 PRUDENTIAL FINL INC 69,418 79,016
747525103 QUALCOMM INC 79,010 106,051
75513E101 RTX CORPORATION 87,195 183,400
87612G101 TARGA RESOURCES 56,404 119,925
88160R101 TESLA INC 24,101 44,972
969904101 WILLIAMS-SONOMA INC 32,559 71,436
G29183103 EATON CORP PLC 80,200 114,664
00206R102 AT&T INC 58,760 62,100
09290D101 BLACKROCK INC 69,069 107,034
093671105 BLOCK H & R INC 30,462 20,701
169656105 CHIPOTLE MEXICAN GRI    
25278X109 DIAMONDBACK ENERGY I    
277432100 EASTMAN CHEMICAL CO    
30231G102 EXXON MOBIL CORP 66,253 79,665
30303M102 META PLATFORMS INC C 39,039 39,605
718546104 PHILLIPS 66 51,749 50,971
751212101 RALPH LAUREN CORP CL 31,336 58,346
872590104 T-MOBILE US INC 68,482 58,882
92826C839 VISA INC CL A 26,866 35,071
02209S103 ALTRIA GROUP INC 42,802 46,128
17275R102 CISCO SYSTEMS INC 51,906 61,624
21871X109 COREBRIDGE FINANCIAL 33,240 30,170
278642103 EBAY INC 55,794 69,680
29364G103 ENTERGY CORP 66,736 73,944
743315103 PROGRESSIVE CORP 65,739 56,930
949746101 WELLS FARGO & CO 40,094 46,600
G5960L103 MEDTRONIC PLC 46,289 48,030
G8994E103 TRANE TECHNOLOGIES P 18,136 19,460

TY 2025 InvestmentsOtherSchedule2
Name:
THOMAS GARROTT FOUNDATION
EIN:
62-6289645
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
92204A884 VANGUARD COMMUNICATI AT COST 432,102 630,266
921943809 VANGUARD DEVELOPED M AT COST 1,734,132 2,158,156
464288760 ISHARES DJ US AEROSP AT COST 244,410 729,946
81369Y886 STATE STREET UTILITI AT COST 180,303 303,526
92204A702 VANGUARD INFORMATION AT COST 615,790 2,638,230
922042858 VANGUARD FTSE EMERGI AT COST 208,232 261,704
81369Y308 STATE STREET CONSUME AT COST 231,847 331,305
78467Y107 MIDCAP SPDR TRUST SE AT COST 449,024 944,133
81369Y209 STATE STREET HEALTH AT COST 319,519 562,388
81369Y407 STATE STREET CONSUME AT COST 217,861 509,642
81369Y704 STATE STREET INDUSTR AT COST 163,390 372,288
464287713 ISHARES U.S. TELECOM      
922908629 VANGUARD INDEX FUND AT COST 92,548 145,690
46434G103 ISHARES CORE MSCI EM AT COST 251,231 324,337
46137V357 INVESCO S&P 500 EQUA      
464287804 ISHARES CORE S&P SMA AT COST 334,780 372,558
46429B663 ISHARES TR CORE HIGH AT COST 445,442 515,626
756109104 REALTY INCOME CORP AT COST 73,659 73,281
04314H857 ARTISAN INTERNATIONA AT COST 500,000 562,082
29444U700 EQUINIX INC AT COST 60,773 57,462
412295107 HARDING LOEVNER INTL AT COST 200,000 190,530
92204A405 VANGUARD FINANCIALS AT COST 255,597 258,971
99NETCCA5 AUDAX SENIOR LOAN FD AT COST 488,666 510,061

TY 2025 OtherDecreasesSchedule
Name:
THOMAS GARROTT FOUNDATION
EIN:
62-6289645
Description Amount
RETURN OF CAPITAL ADJUSTMENT 1,697
2025 TRANSACTIONS POSTED IN 2026 5,178
ACCRUED INTEREST PAID 2,065
ROUNDING 1


TY 2025 OtherExpensesSchedule
Name:
THOMAS GARROTT FOUNDATION
EIN:
62-6289645
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE 41 41   0


TY 2025 OtherIncreasesSchedule
Name:
THOMAS GARROTT FOUNDATION
EIN:
62-6289645
Description Amount
2024 TRANSACTIONS POSTED IN 2025 4,000
MUTUAL FUNDS ADJUSTMENT 351
ACCRUED INT POSTING DATE BEFORE TAX YEAR 71
COST BASIS ADJUSTMENT 384
RECOVERY OF PRIOR YEAR GRANTS 2,100


TY 2025 TaxesSchedule
Name:
THOMAS GARROTT FOUNDATION
EIN:
62-6289645
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 1,048 1,048   0
FEDERAL TAX PAYMENT - PRIOR YE 382 0   0
FEDERAL ESTIMATES - PRINCIPAL 11,164 0   0
FOREIGN TAXES ON QUALIFIED FOR 4,039 4,039   0
FOREIGN TAXES ON NONQUALIFIED 1,572 1,572   0