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
MAY FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address) 123 NORTH BLOUNT ST 606
  Room/suite
City or town
MADISON
State or province
WI
Country  
ZIP or foreign postal code
53703
A Employer identification number

39-2006747
B Telephone number (see instructions)

4027077379
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)$8,782,447J 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... 206,661 204,414  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 29,850
b Gross sales price for all assets on line 6a 2,191,366
7 Capital gain net income (from Part IV, line 2)... 29,850
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)....... Click to see attachment
List of Attached Documents:
// Content
25 25  
12 Total. Add lines 1 through 11........ 236,536 234,289  
Operating and Administrative Expenses 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)....... Click to see attachment
List of Attached Documents:
// Content
5,800 2,900   2,900
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
24,449 24,449   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
5,775 3,375   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,230 3,864   366
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 40,254 34,588   3,266
25 Contributions, gifts, grants paid....... 378,000 378,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 418,254 34,588   381,266
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -181,718
b Net investment income (if negative, enter -0-) 199,701
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 39,238 472,497 472,497
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)....... 4,271,831 Click to see attachment
List of Attached Documents:
// Content
3,407,078 		5,877,442
c Investments—corporate bonds (attach schedule)....... 1,367,524 Click to see attachment
List of Attached Documents:
// Content
1,148,452 		1,185,145
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 740,622 Click to see attachment
List of Attached Documents:
// Content
1,209,470 		1,247,363
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,419,215 6,237,497 8,782,447
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 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........... 6,419,215 6,237,497
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 6,419,215 6,237,497
30 Total liabilities and net assets/fund balances (see instructions). 6,419,215 6,237,497
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
6,419,215
2
Enter amount from Part I, line 27a .....................
2
-181,718
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,237,497
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
6,237,497
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 PUBLICLY TRADED SECURITIES P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(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 2,190,882   2,161,516 29,366
b 484     484
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       29,366
b       484
c
d
e
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 29,850
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 2,776
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 2,776
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 2,776
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 2,863
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 2,863
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 87
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax87 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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
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)
WI
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 ofGREGG MAY Telephone no. (402) 707-7379

Located at123 NORTH BLOUNT ST 606MADISONWI ZIP+453703
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
KAREN L SISLO PRESIDENT
0.25 		0 0 0
1016 EASTHILL PLACE
WAUSAU,WI54403
EDWARD W MAY JR VICE PRESIDENT
0.25 		0 0 0
432 S 88TH STREET
OMAHA,NE68114
AMY SISLO RYDLAND SECRETARY
0.25 		0 0 0
14430 BERMUDA DUNES WAY
COLORADO SPRINGS,CO80921
WILLIAM E SISLO ASSISTANT TREASURER
0.25 		0 0 0
3951 NATCHEZ AVENUE S STREET
ST LOUIS PARK,MN55416
JEFFERY R MAY DIRECTOR
0.25 		0 0 0
819 RUSSETT ROAD
ANN ARBOR,MI48103
GREGG T MAY DIRECTOR
0.25 		0 0 0
123 N BLOUNT STREET 606
MADISON,WI53703
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 N/A 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
8,143,331
b
Average of monthly cash balances.......................
1b
262,995
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
8,406,326
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
8,406,326
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
126,095
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,280,231
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
414,012
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
414,012
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
2,776
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,776
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
411,236
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
411,236
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
411,236
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
381,266
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
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
381,266
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 7 411,236
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 350,259
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 381,266
a Applied to 2024, but not more than line 2a 350,259
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		Click to see attachment
List of Attached Documents:
// Content
0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 31,007
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 .......... 		380,229
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 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
MAY FAMILY FOUNDATION INC ATTN AMY
14430 BERMUDA DUNES WAY
COLORADO SPRINGS,CO80921
(715) 845-4336
bThe form in which applications should be submitted and information and materials they should include:
APPLICATIONS SHOULD INCLUDE DETAILS ON THE ACTIVITY OR ORGANIZATION FOR WHICH SUPPORT IS REQUESTED, THE AMOUNT NEEDED, OTHER SOURCES OF FUNDING, AND DOCUMENTED EXEMPT STATUS OF THE ORGANIZATION.
cAny submission deadlines:
NONE SPECIFIED AT THIS TIME.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE SPECIFIED AT THIS TIME.
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

826 MICHIGAN

115 E LIBRARY ST
ANN ARBOR,MI48104 		    VARIOUS CHARITABLE PURPOSES 25,000

BRENT'S PLACE

11980 E 16TH AVE
AURORA,CO80010 		    VARIOUS CHARITABLE PURPOSES 40,000

CRISTO REY JESUIT HIGH SCHOOL

2924 4TH AVE S
MINNEAPOLIS,MN55408 		    VARIOUS CHARITABLE PURPOSES 10,000

FAITH'S LODGE

505 US-169 245
PLYMOUTH,MN55441 		    VARIOUS CHARITABLE PURPOSES 20,000

LAKELAND SCHOOL SUPPLIES

PO BOX 97
MANITOWISH WATERS,WI53535 		    VARIOUS CHARITABLE PURPOSES 5,000

MATRIX HUMAN SERVICES

L 3912
COLUMBUS,OH43260 		    VARIOUS CHARITABLE PURPOSES 50,000

MENTORING AFFECTS YOUTH

201 SOUTH STREET SUITE 615
BOSTON,MA02111 		    VARIOUS CHARITABLE PURPOSES 28,000

ONCE UPON A ROOM

4926 OAKWOOD AVE
LA CANADA,CA91011 		    VARIOUS CHARITABLE PURPOSES 30,000

PIKES PEAK ORANGE CRUSH

14430 BERMUDA DUNES WAY
COLORADO SPRINGS,CO80921 		    VARIOUS CHARITABLE PURPOSES 15,000

PROJECT 127

14000 E JEWELL AVE
AURORA,CO80012 		    VARIOUS CHARITABLE PURPOSES 10,000

RED CABOOSE CHILD CARE INC

654 WILLIAMSON ST
MADISON,WI53703 		    VARIOUS CHARITABLE PURPOSES 40,000

ROBERT W MONK BOTANICAL GARDENS

1901 N 4TH AVE
WAUSAU,WI54401 		    VARIOUS CHARITABLE PURPOSES 65,000

SCHOLL COMMUNITY IMPACT GROUP

13141 OLD W ROAD
WINCHESTER,WI54557 		    VARIOUS CHARITABLE PURPOSES 15,000

LITTLE FOREST SCHOOL INC

PO BOX 186
MANITOWISH WATERS,WI54545 		    VARIOUS CHARITABLE PURPOSES 25,000
Total ................................. 3a 378,000
bApproved for future payment
Total ................................. 3b 0
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 ....     14 206,661  
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 .....     14 25  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 29,850  
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) .. 0 236,536 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
236,536
(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:
MAY FAMILY FOUNDATION INC
EIN:
39-2006747
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 5,800 2,900   2,900

TY 2025 AppliedToPriorYearElection
Name:
MAY FAMILY FOUNDATION INC
EIN:
39-2006747
Election:
THE FOUNDATION IS ELECTING UNDER REGULATION SECTION 53.4942(A)-3(D)(2) TO CARRYBACK EXCESS DISTRIBUTIONS TO OFFSET UNDISTRIBUTED INCOME FROM PRIOR YEARS.

TY 2025 InvestmentsCorpBondsSchedule
Name:
MAY FAMILY FOUNDATION INC
EIN:
39-2006747
Name of Bond End of Year Book Value End of Year Fair Market Value
AT&T INC. 02/15/2034 5.400% CALL 11/15/2033 100.00 6,041 6,214
CAPITAL ONE FINANCIAL CORPORATION 05/10/2033 5.268% CALL 05/10/2032 100.00 29,185 30,693
BP CAPITAL MARKETS AMERICA, INC. 09/11/2033 4.893% CALL 06/11/2033 100.00 33,244 34,540
BP CAPITAL MARKETS AMERICA, INC. 08/10/2030 1.749% CALL 05/10/2030 100.00 5,216 5,388
B.A.T. CAPITAL CORP 03/25/2028 2.259% CALL 01/25/2028 100.00 1,792 1,921
ARES CAPITAL CORP 11/15/2031 3.200% CALL 08/15/2031 100.00 40,029 42,617
AT&T INC. 02/01/2032 2.250% CALL 11/01/2031 100.00 41,607 44,738
ASSURED GUARANTY US HOLDINGS INC. 06/15/2031 3.150% CALL 03/15/2031 100.00 1,875 1,884
ARES CAPITAL CORP 06/15/2027 2.875% CALL 05/15/2027 100.00 7,324 7,824
ANHEUSER-BUSCH INBEV WORLDWIDE INC. 06/01/2030 3.500% CALL 03/01/2030 100.00 66,264 57,629
CITIGROUP INC 05/24/2033 4.910% CALL 05/24/2032 100.00 979 988
COREBRIDGE FINCL 04/05/2032 3.900% CALL 01/05/2032 100.00 21,722 22,799
CITIGROUP 09/29/2026 5.610% CALL 09/29/2025 100.00 14,505 15,187
CONOCOPHILLIPS COMPANY 01/15/2035 5.000% CALL 10/15/2034 100.00 33,188 34,551
CENCORA, INC. 02/15/2035 5.150% CALL 11/15/2034 100.00 4,001 4,082
CVS HEALTH CORPORATION 06/01/2033 5.300% CALL 03/01/2033 100.00 51,281 52,475
D.R. HORTON INC 10/15/2034 5.000% CALL 07/15/2034 100.00 3,867 4,046
DISCOVER FINCL 11/29/2032 6.700% CALL 08/29/2032 100.00 14,808 15,497
DOMINION RESOURCES INC. 11/15/2032 5.375% CALL 08/15/2032 100.00 9,973 10,368
ENTERGY LOUISIANA, LLC 03/15/2033 4.000% CALL 12/15/2032 100.00 927 962
ENTERPRISE PRODUCTS OPERATING LLC 02/15/2025 3.750% CALL 02/14/2025 100.00 34,174 35,382
FIFTH THIRD BANCORP 07/28/2030 4.772% CALL 07/28/2029 100.00 40,478 42,474
FISERV, INC. 03/02/2033 5.600% CALL 12/02/2032 100.00 40,555 41,338
WELLS FARGO & COMPANY 12/03/2035 5.211% CALL 12/03/2034 100.00 2,929 3,068
AMERICAN ELECTRIC POWER COMPANY 11/01/2032 5.950% CALL 08/01/2032 100.00 32,988 34,301
AMERICAN HOME 4 RENT, LP 04/15/2032 3.625% CALL 01/15/2032 100.00 28,084 30,248
ELEVANCE HEALTH INC. 05/15/2030 2.250% CALL 02/15/2030 100.00 885 917
XCEL ENERGY INC 06/01/2032 4.600% CALL 12/01/2031 100.00 41,308 43,705
SABINE PASS LIQUEFA 03/15/2027 5.000% CALL 09/15/2026 100.00 8,025 8,049
MICRON TECHNOLOGY INC 02/09/2033 5.875% CALL 11/09/2032 100.00 39,298 40,405
HOWMET AEROSPACE INC 01/15/2029 3.000% CALL 11/15/2028 100.00 5,595 5,812
NXP B.V. 05/01/2027 3.150% CALL 03/01/2027 100.00 26,541 27,651
MARRIOTT INTERNATIONAL, INC. 10/15/2032 3.500% CALL 07/15/2032 100.00 36,789 39,189
MCDONALD'S CORPORATION 07/01/2030 3.600% CALL 04/01/2030 100.00 943 981
RTX CORPORATION 09/01/2031 1.900% CALL 06/01/2031 100.00 10,029 10,501
LYB INT FINANCE III 05/15/2033 5.625% CALL 02/15/2033 100.00 40,782 40,463
KINDER MORGAN ENERGY PARTNERS LP 08/15/2033 7.300% 1,122 1,149
KILROY REALTY LP 12/15/2028 4.750% CALL 09/15/2028 100.00 39,885 42,208
RELX CAPITAL INC. 05/22/2030 3.000% CALL 02/22/2030 100.00 48,535 51,244
SAN DIEGO GAS & ELECTRIC COMPANY 10/01/2030 1.700% CALL 07/01/2030 100.00 2,526 2,678
JEFFERIES FINCL 07/21/2028 5.875% CALL 06/21/2028 100.00 26,274 27,004
U.S. BANCORP 10/26/2027 6.787% CALL 10/26/2026 100.00 15,452 15,320
SANTANDER HOLDINGS 01/06/2028 2.490% CALL 01/06/2027 100.00 40,548 43,219
JOHN DEERE CAPITAL CORP 04/18/2029 3.350% 1,881 1,960
UNITEDHEALTH GROUP INC 05/15/2029 4.000% CALL 03/15/2029 100.00 49,865 50,831
UNION PACIFIC CORPORATION 05/20/2031 2.375% CALL 02/20/2031 100.00 1,774 1,834
VERIZON COMMUNICATIONS INC. 03/15/2032 2.355% CALL 12/15/2031 100.00 27,936 29,921
THE PNC FINANCIAL SERVICES GROUP INC 01/26/2027 4.758% CALL 01/26/2026 100.0 4,005 3,998
THE BANK OF NEW YORK MELLON CORPORATION 10/25/2033 5.834% CALL 10/25/2032 10 6,403 6,454
SOUTHERN CA EDISON INTERNATIONAL 01/15/2034 6.000% 2,148 2,100
STARBUCKS CORP 11/15/2030 2.550% CALL 08/15/2030 100.00 12,350 12,935
WELLS FARGO & COMPANY 07/25/2033 4.897% CALL 07/25/2032 100.00 41,590 43,656
THE GOLDMAN SACHS GROUP, INC. 03/09/2027 1.431% CALL 03/09/2026 100.00 48,927 49,747

TY 2025 InvestmentsCorpStockSchedule
Name:
MAY FAMILY FOUNDATION INC
EIN:
39-2006747
Name of Stock End of Year Book Value End of Year Fair Market Value
U G I CORPORATION 1,962 3,182
UNILEVER PLC ADR 6,475 8,306
U A L CORP NEW 1,925 4,137
UNITED HEALTH GROUP 18,196 19,146
ULTRAPAR HOLDINGS 1,588 2,334
UBER TECHNOLOGIES INC 11,439 10,949
U S BANCORP DEL 5,257 7,364
TOKIO MARINE HLDGS ADR 2,256 2,219
TWILIO INC 1,384 3,414
TRUIST FINANCIAL CORP 4,182 5,807
TREASURY WINE ESTATES LTD 6,307 5,244
TRANSALTA CORP 725 632
TOYOTA MOTOR CP ADR 6,884 7,492
TORONTO DOMINION BANK 4,024 7,159
T-MOBILE US INC 5,742 6,497
TOKYO GAS CO LTD ADR 1,648 2,719
T J X COS INC 13,214 22,273
TFI INTERNATIONAL INC 1,329 1,654
THYSSENKRUPP AG 409 410
TGS ASA ADR 1,548 1,518
TAIWAN SEMICONDUCTOR ADR 17,569 31,908
TESLA MOTORS INC 40,885 109,282
THOR INDS INC 5,295 12,731
THERMO FISHER SCIENTIFIC INC 3,002 10,430
THE SOUTHERN COMPANY 7,439 8,197
THE CHARLES SCHWAB CORP 9,626 16,086
THALES ADR 8,305 18,208
TAKEDA PHARMACEUTICAL CO LTD 3,919 4,599
TENET HEALTHCARE CORP 1,139 1,788
TENCENT HOLDINGS ADR 5,077 8,191
TELSTRA GROUP LTD ADR 3,196 4,136
TELIA COMPANY AB 2,404 3,949
TELEFONICA ADR 3,529 3,422
TECHNOPRO HOLDINGS INC ADR 1,645 1,511
TAYLOR WIMPEY PLC ADR 2,987 3,269
TARGA RESOURCES CORP 1,690 2,583
TOKYO ELECTRON LTD ADR 3,826 5,555
SWEDBANK AB ADR 4,269 4,888
SYSMEX CORP UNSP ADR EA REPR 1/2 ORD SHS 1,249 1,248
SUMITOMO MITSUI TR S ADR 1,319 1,578
SUMITOMO MITSUI FINANCIAL GROUP INC ADR 1,303 1,952
SYNCHRONY FINANCIAL 2,501 4,839
SHISEIDO LTD ADR 553 526
SVENSKA HANDELSBANKEN ADR EACH REPR 0.5 3,364 4,315
SUZUKI MOTOR CORP 2,434 4,435
SUNCOR ENERGY INC 4,685 11,267
SUN HUNG KAI PPTYS ADR 2,053 2,707
SUN COMMUNITIES INC. 1,377 1,487
SUMITOMO CORP ADR 948 1,071
SOUTH BOW CORP 1,977 2,307
STORA ENSO CORP SPONS ADR REP SER R 1,861 2,053
STARBUCKS CORP. 4,569 4,800
STANDARD BK GROUP 1,324 2,349
SSE PLC ADR 775 771
SYNOPSYS INC 12,437 23,956
SONY FINANCIAL GROUP INC ADR 3,304 3,593
SHOPIFY INC 3,775 9,497
SKEENA RESOURCES LTD 839 1,092
SKANSKA AB ADR 3,487 3,748
SONIC HEALTHCARE LTD 5,322 5,330
SOFTBANK CORP 3,422 4,593
SOFI TECHNOLOGIES, INC. 1,520 2,670
SODEXO 1,599 1,533
SOCIETE GENRALE ADR 839 1,017
SNOWFLAKE INC. 4,254 7,239
SMC CORPORATION ADR 1,142 1,139
SKILLSOFT CORP ORDINARY SHARES - CLASS A 532 465
SIG GROUP ADR 2,686 3,568
SHUTTERSTOCK INC 1,338 1,394
SONY GROUP CORP 3,809 5,760
SIEMENS ENERGY AG ADR 1,252 1,402
SIEMENS A G 3,929 4,338
SIBANYE STILLWATER LTD 1,261 5,187
HF SINCLAIR CORP 1,221 1,382
PAR PACIFIC HOLDINGS, INC. 2,593 5,658
SHINHAN FINL GROUP ADR 3,406 5,470
SENDAS DISTRIBUIDORA SA ADR 2,279 3,377
SEMPRA ENERGY 4,130 7,416
SHIN-ETSU CHEMICAL CO LTD ADR 708 760
SHIMANO INC 1,220 1,285
SHERWIN WILLIAMS CO 16,462 23,006
SEVERN TRENT PLC ADR 987 1,023
SERVICENOW INC COM USD0.001 14,609 21,447
SERVICE PROPERTIES TRUST REIT 736 834
SEKISUI HOMES ADR 6,335 6,674
SAMPO OYJ ADR 1,806 4,159
SAMSONITE INTERNATIONAL SA ADR 1,040 1,438
SEIKO EPSON CORP ADR 2,763 2,792
SEAGATE TECHNOLOGY 1,703 3,580
SEABRIDGE GOLD INC 1,794 2,160
SAYONA MINING LTD ADR 499 736
SANOFI-AVENTIS SPONSORED ADR 4,908 5,912
RESONA HOLDINGS ADR 3,267 3,161
SAFEHOLD INC 3,353 3,477
REVIVA PHARMACEUTICALS HOLDINGS INC ORDINARY SHARES 548 289
ROPER INDUSTRIES 17,419 23,592
SAAB AB ADR 2,427 2,578
S&P GLOBAL INC 7,287 8,884
S L GREEN REALTY CORP 672 688
S A P AG ADR 10,958 18,947
RYANAIR HLDGS PLC ADR 6,020 17,759
RTX CORPORATION 9,894 16,873
ROYAL CARRIBBEAN CRUISES LTD 2,765 5,021
ROYAL BANK OF CANADA 1,790 2,898
ROHM CO ADR 3,015 4,399
RHEINMETALL AG ADR 4,001 3,655
ROCHE HLDG LTD ADR 9,651 14,182
ROBLOX CORP ORDINARY SHARES - CLASS A 2,087 4,781
ROBINHOOD MARKETS INC CLASS A 2,374 5,542
RLI CORP 12,217 22,393
RITCHIE BROS AUCTIONEERS COM NPV ISIN #C 2,058 2,675
SANDISK CORP 500 475
REPSOL SA ADR 2,493 3,941
PROCTER & GAMBLE 17,147 23,789
REALTY INCOME CORP 8,287 8,906
REPLIGEN CORPORATION 1,261 1,639
RENTOKIL INITIAL PLC ADR 552 619
RELX PLC 14,852 26,920
REINSURANCE GROUP AMER INC 9,310 18,922
REGENERON PHARMACEUTICALS INC 6,280 9,262
REGAL-BELOIT CORPORATION 4,059 23,318
REDDIT INC CLASS A SHARES 1,379 2,529
RECRUIT CO., LTD. 5,892 10,193
PRECISION BIOSCIENCES INC 576 553
PRIMERICA INC COM USD0.01 9,510 33,070
R W E AG SPON ADR 1,995 3,572
PUBLICIS SA ADR 1,210 1,268
PT ASTRA INTL TBK 2,675 4,045
PROLOGIS TRUST 7,154 8,553
PROGRESSIVE CORP OHIO 3,327 3,644
POLARIS INDUSTRIES INC 1,737 2,657
SHIONOGI & CO LTD 1,261 1,302
PERNOD RICARD 4,008 3,722
PEPSICO 15,091 16,505
PNC FINL SERVICES GP INC 2,552 3,548
PKO BANK POLSKI SA ADR 1,405 1,689
PIRAEUS FINANCIAL HOLDINGS SA ADR 1,911 3,880
PING AN INSURNCE GP 2,158 3,792
PHILLIPS 3,581 3,742
PHILIP MORRIS INTL INC COM 14,425 22,296
PFIZER 2,112 2,067
PERSIMMON PLC ADR 2,191 2,434
PENNON GROUP PLC ADR 3,319 3,489
POSCO ADR 3,844 4,363
OUTFRONT MEDIA INC 1,173 2,000
PANASONIC HOLDINGS CORP ADR - UNSPONSORED 1,703 2,627
PALO ALTO NETWORKS INC. 6,838 8,105
PALANTIR TECHNOLOGIES, INC. 4,206 31,462
SPECTRASITE HLDGS INC 5,145 14,200
LVMH MOET NEW ADR 4,989 5,278
OTSUKA HLDGS CO LTD ADR 2,051 2,323
OMNICOM GROUP 1,976 2,342
ORIX CORPORATION ADR 4,559 5,464
ORANGE SA ADR 2,652 4,440
ORACLE 17,521 27,482
OPORTUN FINANCIAL CORP 500 566
ONO PHARMACEUTICAL CO, LTD 4,674 6,183
ONEMAIN HOLDINGS INC 1,911 2,702
OMRON CORPORATION 1,662 1,613
OIL STATES INTERNATIONAL INC 653 1,063
O REILLY AUTOMOTIVE INC 17,752 35,572
NXP SEMICONDUCTORS N V 7,915 20,621
NVIDIA CORP 124,252 325,070
NUCOR CORP 2,062 2,773
NU SKIN ENTERPRISES INC CLASS A 1,043 1,491
NRG ENERGY INC 1,608 3,185
MACQUARIE GROUP LTD ADRF 2,438 2,574
NOVARTIS A G ADR 1,964 2,206
NASPERS LTD 1,844 2,993
NIKE INC CLASS B 619 637
NEXTERA ENERGYINC COM 12,862 22,800
NOVAGOLD RESOURCES 1,142 1,212
NORTHROP GRUMMAN CORP 3,853 4,562
NORFOLK SOUTHERN CORP 2,468 3,176
NOMURA HOLDINGS NEW ADRF 3,950 4,766
NIPPON YUSEN 2,740 2,784
NIPPON TELEGRAPH & TELEPHONE ADR 1,551 1,638
NINTENDO LTD ADR 1,237 978
NEXPOINT RESIDENTIAL TRUST INC 1,516 1,475
NATERA INC COM 1,220 2,520
NOVONIX LTD ADR 1,118 961
NEWELL RUBBERMAID INC 931 1,030
NEUROCRINE BIOSCIENCES INC 4,084 6,241
NETFLIX COM INC COM 23,781 34,691
NESTLE S A ADR 5,702 5,630
NEOGEN CORP 1,146 1,419
NATIONAL STORAGE AFFILIATES TRUST 3,241 3,160
NATIONAL BEVERAGE CO 7,615 11,544
NATIONAL AUST BANK 3,095 3,813
NOVO-NORDISK A-S ADR 8,438 8,344
NABORS INDUSTRIES INC 566 652
M T N GROUP LTD ADR 1,492 3,497
MOLINA HEALTHCARE 1,117 1,388
MICROSTRATEGY INC 1,527 1,520
MTU AERO ENGINES AG 1,777 3,335
MS&AD INSURANCE GROUP HOLDINGS ADR 1,639 1,804
MORGAN STANLEY 9,079 16,865
MORGAN J P & CO INC 45,586 75,399
MOODYS CORP 8,986 13,793
MONRO INC COM 1,442 1,964
MICRON TECHNOLOGY 9,389 43,097
MIZUHO FINL GROUP ADR 2,588 2,877
MITSUI O.S.K. LINES LTD ADR 6,167 6,604
MITSUBISHI UFJ FINANCIAL GROUP INC 2,779 4,266
MITSUBISHI HEAVY INDUSTRIES LTD ADR 2,432 2,253
MITSUBISHI ESTATE ADR 2,558 2,954
MITSUBISHI CORP ADR (UNSPONSORED) 2,132 2,841
MINERAL RESOURCES LTD ADR 644 717
MILLICOM INTERNATIONAL CELLULAR 0 444
MICROSOFT CORP 200,481 267,442
METHANEX CORP 566 636
MEDIOBANCA SPA ADR 1,592 1,634
MCKESSON CORPORATION 13,993 27,890
META PLATFORMS, INC. 63,686 106,274
MESOBLAST LTD ADR 808 974
MERCK KGAA SPONS ADR 3,000 3,298
MERCK & COMPANY, INC. 6,382 6,947
MERCEDES-BENZ GROUP AG ADR 2,684 2,882
MEDTRONIC 4,921 5,379
MCDONALDS CORP 13,966 16,810
MAGNA INTL INC CL A VTGF 1,400 1,972
MURATA MFG CO LTD ADR 1,188 1,267
MATIV HOLDINGS INC 1,047 1,932
MASTERCARD INC 24,551 31,398
MARTIN MARIETTA MATERIALS INC 12,450 19,302
MARRIOTT INTL INC CL A 1,394 1,861
MARATHON PETEROLEUM CORP 3,162 3,090
M3 INC ADR 1,941 2,744
ORSTED AS 1,823 1,758
LILLY ELI & COMPANY 24,099 76,302
LEONARDO SPA 2,506 2,459
HEXCEL CORPORATION 4,079 8,572
LONZA GROUP AG UNSP ADR EACH REP 0.1 ORD 1,606 1,814
LONDON STOCK EXCHANGE GROUP PLC ADR 3,803 4,494
LOANDEPOT INC CLASS A 523 416
LINDE PLC 14,067 21,746
LEIDOS HOLDINGS INC 1,179 1,443
KOREA ELECTRIC POWERCORP ADR 3,473 7,953
LANDSTAR SYSTEMS INC 10,416 16,813
LAND SECURITIES GROUP PLC ADR 10,174 10,765
LAM RESEARCH CORP 5,978 10,956
L G DISPLAY CO ADR 875 855
KUBOTA CORP 2,272 2,451
KT CORPORATION ADR 3,060 4,325
JAPAN AIRLINES CO LTD ADR EACH REPR 0.50 1,467 1,702
KOHLS CORP 1,323 3,021
JAPAN EXCHANGE GROUP INC 2,322 2,239
KION GROUP AG ADR 1,737 1,962
KINDER MORGAN INC 2,083 2,886
KILROY REALTY CORP 1,843 2,205
KERING ADR 1,303 1,266
KEARNY FINANCIAL CORP 1,858 2,556
KOOKMIN BANK ADR 2,978 4,560
KDDI CP UNSP ADR 1,548 1,971
KAWASAKI HEAVY INDUSTRIES LTD ADR 1,482 1,479
KAO CORP UNSPONSORD ADS 998 967
K+S AG ADR 1,160 1,277
K L A TENCOR CORP 5,335 7,290
JOHNSON CONTROLS INC 11,687 32,572
JOHNSON & JOHNSON 25,948 36,630
KRISPY KREME INC 1,160 1,668
JAMES HARDIE INDSTRY 1,876 2,158
JABIL CIRCUIT INC 878 1,368
ITV PLC UNSP ADR 3,084 3,307
ITOCHU CORP ADR 705 759
ISRAEL CHEMICAL LTD 2,972 3,759
IRONWOOD PHARMA INC 671 3,023
IONEER LTD ADR 496 538
INTUITIVE SURGICAL 18,429 40,212
INDUSTRIAL & COM ADR 2,151 3,110
INDUSTRIAL LOGISTICS PROPERTIES TRUST 773 803
INTUIT INC 13,469 34,446
INTL BUSINESS MACHINES 12,833 22,512
I-80 GOLD CORP 721 997
INTEL 6,317 11,255
INSMED INCORPORATED 2,176 6,091
ING GROUP NV ADR 9,075 19,824
JACK IN THE BOX INC 1,126 1,478
ILUKA RESOURCES LTD ADR 624 539
IHI CORP ADR 756 736
ICICI BANK LTD ADR 9,906 11,175
IAMGOLD CORP 949 1,138
HUNTINGTON INGALLS INDUSTRIES 6,800 15,643
HUMANA INC 929 1,025
HUDSON PACIFIC PROPERTIES INC 1,112 942
HSBC HOLDINGS PLC ADR 2,166 3,934
HIGHWOOD PROPERTIES INC 1,465 1,523
IMAGENEBIO INC 495 449
HOYA CORP. ADR 2,131 3,336
HOULIHAN LOKEY INC CL A 13,375 54,870
HONG KONG EXCH ADR 1,693 2,606
HOME DEPOT 18,753 32,345
HOLOGIC INC 1,300 1,490
HITACHI ADR-EACH CNV INTO 10 ORD NPV 3,125 3,713
HIKMA PHARMACEUTICALS PLC ADR 1,994 2,012
UNIVERSAL MUSIC GROUP NV ADR 6,686 8,189
AMERICAN EXPRESS 8,338 13,688
HCA INC 4,325 6,069
HERBALIFE LTD 891 1,701
HENRY JACK & ASSOC INC 2,491 5,657
HENDERSON LAND DEV CO LTD ADR 3,383 4,375
HELMERICH & PAYNE 1,463 2,352
HEALTH CATALYST INC 552 595
HDFC BANK ADR 9,387 11,620
HASBRO INC 3,668 6,232
GOLDMAN SACHS GROUP INC 10,701 21,096
HANG LUNG PPY SP ADR 2,290 3,174
HALOZYME THERAPEUTIC 1,780 2,490
HALMA PLC ADR 5,251 10,360
HALLIBURTON CO HLDG CO 1,970 2,430
GUARDANT HEALTH, INC. 1,034 2,145
GRUPO TELEVISA SA ADR 1,356 2,229
GOLD FIELDS LTD NEW ADR 1,347 4,410
FORD MOTOR COMPANY 4,020 4,972
GRACO INC 7,593 18,033
GENERAL ELECTRIC CO. STOCK 11,761 22,486
HEXAGON AB ADR EACH REPR 1 ORD SHS 2,413 2,465
GEN DIGITAL INC. 757 843
GLOBAL MEDICAL REIT INC 2,396 2,531
GLAXOSMITHKLINE PLC ADR 2,721 3,923
GILEAD SCIENCES INC 7,875 14,974
GFL ENVIRONMENTAL INC 1,301 1,503
GENPACT LTD 3,608 5,193
GENERAL DYNAMICS CORP 1,674 2,020
FORTESCUE METALS GROUP LTD 2,386 3,377
GE VERNOVA 2,847 11,111
GLOBE LIFE INC 1,285 2,238
FUJI HEAVY INDS LTD ADRF 1,162 1,159
FRESENIUS MEDICAL CARE AG & CO 712 738
FREEPORT-MCMORAN COPPER & GOLD CL B 12,243 20,062
FORTREA HOLDINGS INC 1,127 3,347
FORTINET INC COM 2,225 3,018
GRAY TELEVISION, INC. 583 576
FMC CORP 661 707
DRIVEN BRANDS HOLDINGS INC ORDINARY SHARES 1,261 1,675
EXXON MOBIL CORPORATION 13,757 31,770
FISERV INC 17,902 11,822
EXPERIAN GROUP LTD SPON ADR 2,196 2,484
FIRST SOLAR INC 2,104 3,135
FIRST FINANCIAL BANKSHARES 3,728 6,452
FIRST CITIZENS BANCSHARES INC (DE) 1,636 2,146
FANUC LTD UNSP ADR EACH REPR 0.5 ORD 808 1,012
EON AG SPONS ADR EACH REPR 1 ORD NPV 735 777
EXPEDIA INC 1,597 3,683
EQUITABLE RESOURCES 1,236 1,608
EXELON CORPORATION 5,209 6,190
EXACT SCIENCES CORP 1,331 3,148
EVONIK INDUSTRIES AG ADR 4,633 4,803
EVOLUTION GAMING GROUP 2,637 2,513
EVOLENT HEALTH INC 791 816
EVERSOURCE ENERGY 1,931 2,020
EURO AERO DEFENSE ADR 7,170 15,407
E A INDUSTRIES INC 1,055 1,430
FIVE BELOW INC 871 1,507
DUKE ENERGY CORPORATION 7,727 8,791
ENAGAS SA 2,626 3,264
ENTERTAINMENT PPTYS TR 2,045 2,495
ENTERGY CORP NEW 1,514 2,588
ENTAIN PLC ADR 640 706
ENGIE BRASIL ENERGIA SA ADR 1,533 2,245
ENGIE 3,170 5,254
ENGELHARD CORP 4,014 5,321
ENEL SPA ADR 1,812 2,657
E O G RESOURCES INC 3,346 9,661
ELDORADO GOLD CORP NEW 648 826
EQUINOX GOLD CORP ORDINARY SHARES CLASS A 725 800
ELANCO ANIMAL HEALTH INC 1,285 2,082
EISAI CO LTD ADR (UNSPONSORED) 3,697 4,000
EDWARDS LIFE SCIENCE 1,195 1,364
EDP ENERGIAS PORTUG 4,696 6,608
EATON CORPORATION 12,108 49,688
EAST JAPAN RAILWAY CO ADR 3,849 5,834
DUFRY AG ADR 2,044 3,010
CITIGROUP INC 8,177 16,103
ASE INDUSTRIAL HOLDING CO LTD ADR 2,280 3,542
DIPLOMA PLC ADR 3,614 5,944
CORNERSTONE BUILDING BRANDS, INC. 658 797
DIGITAL REALTY TRUST 3,604 3,713
DOORDASH, INC. 2,348 4,756
DOMINO'S PIZZA GROUP PLC ADR 4,113 4,248
DOMINION RESOURCES INC VA NEW 5,262 5,976
DOLLAR TREE STORES 2,118 3,444
DIME COMMUNITY BANCSHARES 1,690 2,798
DBS GROUP HOLDINGS ADR 5,289 14,927
DIAGEO PLC ADR 732 690
DEUTSCHE POST AG ADR 3,915 4,375
DEUTSCHE LUFTHA ADR NEWF 2,635 3,369
DEUTSCHE BANK AG 583 656
DENTSU, INC. 1,320 1,249
DENISON MINES CORP 1,018 1,125
DELUXE CORPORATION 1,095 1,630
DELIVERY HERO SE ADR 1,003 1,436
DAI-ICHI LIFE HOLDINGS INC ADR 2,477 2,592
UPM-KYMMENE CORP 2,202 2,401
DAVIDE CAMPARI-MILANO NV ADR 912 922
DATADOG, INC. 2,503 2,992
DANAHER CORP DEL 10,635 12,133
DAIWA SECURITIES GP 1,192 1,529
DAIWA HOUSE IND LTD ADR 2,277 2,871
DAIKIN INDUSTRIES LTD ADR 1,879 1,938
DAIICHI SANKYO CO ADR 3,816 3,398
CYTOKINETICS INC. 1,252 2,351
DEERE & CO 5,130 6,518
CVS CORP. 8,594 10,079
CSPC PHARMACEUTICAL GROUP LTD ADR 1,102 1,893
CSL LTD SPONSORED ADR 1,351 1,325
CRH PLC ADR 1,354 1,872
CREDIT AGRICOLE SA 1,443 1,596
COVESTRO AG 2,826 4,156
COSTCO WHOLESALE 14,288 54,327
DELL COMPUTER CORP 2,503 2,769
CORTEVA INC 1,411 1,810
CK HUTCHISON HOLDINGS LTD ADR 3,347 4,753
COLUMBIA BANKING SYSTEM INC 2,103 3,186
CONSTELLATION ENERGY CO 5,664 9,185
COINBASE GLOBAL, INC. 3,827 3,618
CONOCOPHILLIPS 14,302 22,747
CONNECTONE BANCORP INC NEW 1,878 2,674
COMPASS GROUP 13,153 20,250
COMPAGNIE FINANCIERE RICHEMONT 8,362 14,511
COMMUNITY HEALTHCARE TRUST INC. 1,101 1,182
COHERENT INC 1,283 3,507
CISCO SYSTEMS INC 9,504 16,099
COCA-COLA EUROPEAN PARTNERS PLC 9,008 14,603
COCA COLA COMPANY STOCK 8,368 9,228
CMS ENERGY CORP 5,074 6,364
CME GROUP INC 5,584 6,554
CLOUDFLARE, INC. 2,526 6,900
CLEVELAND-CLIFFS INC. 1,184 2,138
CIMPRESS PLC 1,212 1,798
CATERPILLAR INC 7,870 13,749
CONSTRUCTION PARTNERS INC CLASS A 2,792 17,585
CHEMOURS COMPANY 790 849
DSV AS ADR 1,064 1,263
CHUGAI PHARMACEUTICALS 1,296 1,261
CHUBB 9,030 12,797
CHINA MERCHANTS BANK CO LTD 375 575
CHIMERA INVESTMENT CORP 860 945
CHEVRON CORP 23,022 32,159
CHENIERE ENERGY INC NEW 2,837 3,499
CHEESECAKE FACTORY INC. 5,517 17,264
CBOE HLDGS INC COM USD0.01 5,263 9,287
CHARLES RIVER LABORATORIES 2,571 3,391
CENTURY COMMUNITIES INC 1,025 1,128
CENTRAL JAPAN RAILWAY ADR 2,713 3,493
CENTERRA GOLD INC 1,096 1,308
CENCORA INC 3,507 4,053
CEMEX SA ADR 983 1,988
ESTEE LAUDER A 2,228 3,142
CARVANA CO. 1,345 5,486
BRENNTAG AG ADR 2,217 2,339
CADENCE DESIGN SYSTEM 599 625
CARL ZEISS MEDITEC AG 921 890
CARDINAL HEALTH INC 1,187 2,466
CAPITAL ONE FINANCIAL CP 7,809 14,542
CAP GEMINI S A ADR 1,047 1,166
BAYER A G SPONSORED ADRF 4,140 5,659
CAMECO CORP 1,326 2,379
CABLE ONE INC 1,038 1,129
BRIDGEBIO PHARMA, INC. 1,681 4,589
BRUKER CORPORATION 2,106 2,544
BROOKS AUTOMATION INC NEW 3,220 4,523
BROOKFIELD RENEWABLE CORPORATION 727 652
BRANDYWINE REALTY TR NEW 1,002 861
BROADCOM LTD 58,117 138,440
ALTRIA (FORMERLY PHILIP MORRIS) 7,760 9,629
BLACKROCK INC 2,262 3,211
BRAMBLES LTD 1,865 2,780
BP AMOCO PLC ADR 6,014 8,231
BOSTON SCIENTIFIC CORP 26,244 48,915
BOSTON PROPERTIES INC 2,420 2,767
BOOKING HOLDINGS INC 7,584 10,711
BOEING COMPANY 8,777 10,422
BNP PARIBAS ADR 4,572 6,541
BLACKSTONE MORTGAGE TRUST INC CLASS A 2,010 2,296
BLACKSTONE GROUP L P 5,196 6,782
BJ S WHOLESALE CLUB HOLDINGS, INC. 5,461 6,662
BIOGEN IDEC INC 3,801 5,104
BIO -TECHNE CORP 2,464 2,823
BERKSHIRE HATHAWAY CL B 56,588 69,868
BEIGENE LTD ADR 1,245 2,430
BROOKFIELD ASSET MGMT 1,973 3,304
B&M EUROPEAN VALUE RETAIL SA ADR 2,323 2,546
ARMADA HOFFLER PPTYS 1,710 1,847
ARMSTRONG WORLD INDS 12,446 31,149
BANK OF AMERICA CORP 14,460 20,515
BANK MONTREAL QUEBEC 2,231 2,985
BANCO SANTANDER SA 1,882 2,158
BANCO BILBAO ARGENTARIA ADR 2,235 5,361
BALL CORP 3,306 3,973
BAKER HUGHES COMPANY 2,668 3,780
BADGER METER INC COM 3,362 16,743
B3 SA - BRASIL BOLSA BALCAO ADR 1,487 2,333
B&G FOODS INC. 699 679
ARCHER-DANIELS-MIDLND CO 2,336 2,472
AUTOZONE INC 2,803 3,392
ASTRAZENECA PLC ADR 6,082 6,251
ASTELLAS PHARMA INC 2,429 2,645
ASM INTERNATIONAL NV ADR 6,609 11,465
ASICS CORP ADR 2,953 15,774
ARISTA NETWORKS INC 10,496 30,399
AMAZON COM INC 111,633 171,730
BAUSCH HEALTH COMPANIES INC 1,432 1,599
BASF ASF AG ADR 3,182 3,396
BARRATT DEVELOPMENTS PLC 1,537 1,622
AMPHENOL CORP CL A 3,267 4,730
APPLOVIN CORP ORDINARY SHARES - CLASS A 6,428 12,803
APPLIED MATERIALS INC 8,651 12,593
APPLE COMPUTER INC 183,668 293,609
APOLLO GLOBAL MGMT LLC A SHS 3,843 4,777
APACHE CORP 1,862 2,226
ANZ GROUP HOLDINGS ADR 1,439 1,792
ANNALY MTG MANAGEMENT 1,058 1,230
ANHEUSER BUSCH CO INBEV ADR 3,327 4,227
AMER ELECTRIC PWR CO INC 6,039 7,726
ANGLOGOLD ASHANTI ADR 1,790 6,567
AMICUS THERAPEUTICS 1,022 2,392
BARNES GROUP INC 648 740
AMGEN INCORPORATED 12,401 13,747
AMERICOLD REALTY TRUST 1,186 1,402
AMERICAN CAPITAL AGENCY 1,792 2,058
AMERICAN ASSETS TR INC 1,077 1,079
AMEREN CORPORATION 1,572 2,197
ALPHABET INC CLASS A 80,464 229,429
WELLTOWER INC COM 4,236 7,424
WELLS FARGO 18,667 52,472
VEOLIA ENVIRONMENT 3,914 4,080
AIR LIQUIDE(L ) ADR 10,321 15,888
ALNYLAM PHARMACEUTICALS 2,666 6,760
ALLIED GOLD CORP 1,158 1,579
ALIGHT INC CLASS A 1,352 1,262
ALIBABA GROUP HLDG 5,376 10,114
ALGONQUIN POWER & UTILITIES CORP 858 873
ALBEMARLE CORP 1,465 3,395
ALBANY INTL CORP NEW CL A COM 876 1,166
ACCENDRA HEALTH INC 794 787
AIR FRANCE 1,910 2,414
ACM RESEARCH INC CLASS A 976 2,525
AIG 16,723 33,707
AIA GROUP LIMITED SPON ADR EA REPR 4 ORD 1,253 1,764
AGNICO-EAGLE MINES LTD 1,222 3,221
AFFIRM HOLDINGS, INC. 671 744
AEON COMPANY LTD ADR 823 1,641
ADVANCED MICRO DEVICES 15,214 25,699
ADOBE SYSTEMS INC 1,639 6,650
VENTAS INC 4,029 5,804
WD-40 3,650 7,285
A E S CORP 2,533 3,169
CARNIVAL CORP 2,029 3,787
10X GENOMICS, INC. 1,141 1,680
ABBVIE INC 20,896 34,045
ABBOT LABORATORIES 12,603 14,910
ABB LTD ADR 5,187 22,191
A.P. MOLLER MAERSK ADR 2,065 2,448
A T & T CORP 13,247 18,481
A S M LITHOGRAPHY HLDG 7,041 12,838
A O N CORPORATION 8,005 18,350
3M COMPANY 4,387 8,645
VEEVA SYSTEMS INC 1,305 1,563
UWM HOLDINGS CORPORATION 1,424 1,515
ACCENTURE LTD 19,051 32,196
VALERO ENERGY CORP 2,888 3,419
VALLEY NATIONAL BANC 2,095 3,691
VALLOUREC SA 2,660 2,645
VALSPAR CORP 652 806
ADECCO S. A. ADR 3,253 3,835
WESTERN DIGITAL CORP 1,664 4,996
VERTEX PHARMACEUTICALS 11,195 14,508
VONOVIA SE 3,239 3,208
VERTIV HOLDINGS CO 1,600 2,916
VESTAS WIND SYS A/S 1,042 1,193
VICI PROPERTIES INC ORDINARY SHARES 4,753 4,696
VIPSHOP HLDGS LTD SPON ADR EA REPR 2 ORD 1,088 1,433
VISA INC 23,172 50,853
VISTRA ENERGY CORP 3,190 5,647
VODAFONE AIRTOUCH PLC 1,511 2,365
VERRICA PHARMACEUTICALS, INC. 526 1,114
VOLVO AB 5,416 6,260
VORNADO REALTY TRUST 1,363 1,897
WEST PHARM SRVC INC 2,239 2,751
WAL MART 19,771 33,089
WALT DISNEY 5,828 7,168
WARNER BROS.DISCOVERY INC ORDINARY SHARES - CLASS A 2,116 7,464
WATSCO INC. 7,695 17,858
B2GOLD CORP 1,632 1,840
ZOETIS INC 3,948 7,046
CARLSBERG AS ADR 1,545 2,063
WPP PLC ADR 3,439 3,751
WESTINGHOUSE AIR BRAKE TECH CORP. 15,103 39,915
WILLIAMS COMPANIES 2,726 3,967
WISCONSIN EGY CP HLDG CO 1,594 2,109
WOLTERS KLUWER ADR 635 621
WOODSIDE ENERGY GROUP LTD ADR 2,242 2,105
WOORI FINANCE 5,958 11,459
YOKOHAMA FINANCIAL GROUP INC ADR 4,209 4,406
Z HOLDINGS CORP ADR 1,558 1,742
ZALANDO SE 806 915
ZEBRA TECHNOLOGIES CL A 5,780 6,799
INTERACTIVE BROKERS 8,849 25,724

TY 2025 InvestmentsOtherSchedule2
Name:
MAY FAMILY FOUNDATION INC
EIN:
39-2006747
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ISHARES GOLD TRUST MICRO AT COST 5,336 5,761
PIMCO INCOME AT COST 683,270 710,259
PIMCO FOREIGN BOND INSTL. - HEDGED AT COST 258,011 258,257
VANGUARD SHORT TERM INFLATION PROTECTED SECURITIES (TIPS) - ETF AT COST 27,384 26,956
CALAMOS MARKET NEUTRAL I AT COST 235,469 246,130

TY 2025 OtherExpensesSchedule
Name:
MAY FAMILY FOUNDATION INC
EIN:
39-2006747
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCRUED BOND INTEREST PAID 1,971 1,971   0
WEBSITE/EMAIL SUBSCRIPTIONS 366 0   366
OTHER INVESTMENT EXPENSES 1,891 1,891   0
CLASS ACTION SETTLEMENT FEES 2 2   0


TY 2025 OtherIncomeSchedule2
Name:
MAY FAMILY FOUNDATION INC
EIN:
39-2006747
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CLASS ACTION SETTLEMENT 25 25 25


TY 2025 OtherProfessionalFeesSchedule
Name:
MAY FAMILY FOUNDATION INC
EIN:
39-2006747
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MGMT FEES 24,449 24,449   0


TY 2025 TaxesSchedule
Name:
MAY FAMILY FOUNDATION INC
EIN:
39-2006747
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX PAID 3,375 3,375   0
ESTIMATED TAX PAYMENTS 2,400 0   0