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
PATRICIA ANN EMBERG CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 505 MAC H0006-092
  Room/suite
City or town
SAINT LOUIS
State or province
MO
Country  
ZIP or foreign postal code
63166
A Employer identification number

30-1251567
B Telephone number (see instructions)

8558340350
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)$14,465,964J 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... 327,040 317,995  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 300,897
b Gross sales price for all assets on line 6a 1,624,299
7 Capital gain net income (from Part IV, line 2)... 300,897
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........ 627,937 618,892  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 119,923 89,943   29,981
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
1,341 0 0 1,341
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
15,032 11,387   3,645
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
12,878 10,004   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
30 5   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 149,204 111,339 0 34,992
25 Contributions, gifts, grants paid....... 640,000 640,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 789,204 111,339 0 674,992
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -161,267
b Net investment income (if negative, enter -0-) 507,553
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 358,425 294,039 294,039
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)....... 2,164,510 Click to see attachment
List of Attached Documents:
// Content
2,150,663 		4,116,347
c Investments—corporate bonds (attach schedule)....... 1,687,650 Click to see attachment
List of Attached Documents:
// Content
1,623,957 		1,594,796
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,856,233 Click to see attachment
List of Attached Documents:
// Content
6,843,134 		8,460,782
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) 11,066,818 10,911,793 14,465,964
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........ 11,066,818 10,911,793
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)..... 11,066,818 10,911,793
30 Total liabilities and net assets/fund balances (see instructions). 11,066,818 10,911,793
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
11,066,818
2
Enter amount from Part I, line 27a .....................
2
-161,267
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
14,416
4
Add lines 1, 2, and 3 ..........................
4
10,919,967
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
8,174
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
10,911,793
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 45000. US TREASURY NOTE 2.250% 11/15/25     2025-02-11
b 19. EAST WEST BANCORP INC   2021-03-10 2025-02-24
c 126. IPG PHOTONICS CORP     2025-02-24
d 25. JONES LANG LASALLE INC     2025-02-24
e 56. MIDDLEBY CORP     2025-02-24
142. TETRA TECH INC NEW     2025-02-24
17. CYBER-ARK SOFTWARE LTD/ISRAE   2021-12-17 2025-02-24
7. BOOKING HOLDINGS INC     2025-03-03
33. CORPAY INC     2025-03-03
392. FORTUNE BRANDS INNOVATIONS INC     2025-03-03
36. MORGAN STANLEY   2024-04-03 2025-03-03
51. MORGAN STANLEY   2020-10-26 2025-03-03
70. ACCENTURE PLC     2025-03-03
28. PENUMBRA INC   2020-10-30 2025-03-18
33. LIVE OAK BANCSHARES INC   2024-07-18 2025-03-19
220. LIVE OAK BANCSHARES INC     2025-03-19
10. META PLATFORMS INC   2023-11-29 2025-03-21
12. MICROSOFT CORP     2025-03-21
59. OKTA INC   2021-12-21 2025-03-21
30000. ABBVIE INC 3.600% 5/14/25   2021-03-18 2025-05-14
30000. GOLDMAN SACHS GROUP 3.750% 5/22/25   2021-03-18 2025-05-22
15. BURLINGTON STORES INC     2025-05-27
39. MYR GROUP INC/DELAWARE     2025-05-27
17. PALOMAR HOLDINGS INC   2024-11-18 2025-05-27
55. SENSIENT TECHNOLOGIES CORP   2021-11-16 2025-05-27
183. YETI HOLDINGS INC   2024-05-17 2025-05-27
19. ALPHABET INC CL C   2025-03-03 2025-06-02
80. ALPHABET INC CL C     2025-06-02
66. BOSTON SCIENTIFIC CORP COM   2019-03-28 2025-06-02
20. BROADCOM INC   2019-03-28 2025-06-02
126. CONSTELLATION BRANDS INC     2025-06-02
36. INTERCONTINENTAL EXCHANGE INC     2025-06-02
15. NETFLIX.COM INC   2022-03-11 2025-06-02
118. ALLEGRO MICROSYSTEMS INC   2025-02-24 2025-07-17
170. ALLEGRO MICROSYSTEMS INC     2025-07-17
24. HANOVER INS GROUP INC   2021-03-10 2025-07-17
24. HENRY JACK & ASSOC INC COM   2024-05-17 2025-07-17
11404.337 INV OPP DEVELOP MRKTS-R6 7038     2025-08-06
30000. JPMORGAN CHASE & CO 2.950% 10/01/26   2021-03-26 2025-08-06
292. CONFLUENT INC   2024-08-16 2025-08-22
130. ESSENTIAL UTILITIES INC     2025-08-22
32. ORMAT TECHNOLOGIES INC   2021-03-10 2025-08-22
12. WABTEC CORP   2020-10-30 2025-08-22
100. ALIGN TECHNOLOGY INC   2024-12-11 2025-08-26
69. ALIGN TECHNOLOGY INC     2025-08-26
33. ALPHABET INC CL C   2021-03-08 2025-08-26
64. AMAZON COM INC COM   2021-09-02 2025-08-26
69. APPLE INC   2022-11-03 2025-08-26
163. ARISTA NETWORKS INC   2020-10-26 2025-08-26
27. CADENCE DESIGN SYSTEMS INC   2024-10-10 2025-08-26
26. CADENCE DESIGN SYSTEMS INC     2025-08-26
13. META PLATFORMS INC   2023-11-29 2025-08-26
8. MICROSOFT CORP   2024-10-10 2025-08-26
23. MICROSOFT CORP   2023-12-21 2025-08-26
72. NVIDIA CORP   2025-06-02 2025-08-26
129. NVIDIA CORP   2024-08-06 2025-08-26
405. TRIMBLE NAV LTD     2025-08-26
82. VERTIV HOLDINGS LLC   2024-08-06 2025-08-26
40000. US TREASURY NOTE 2.000% 11/15/26     2025-09-15
162. ALPHABET INC CL C   2021-03-08 2025-10-13
29. APPLE INC     2025-10-13
117. ARISTA NETWORKS INC   2020-10-26 2025-10-13
39. BROADCOM INC   2019-03-28 2025-10-13
17. NETFLIX.COM INC     2025-10-13
65. VERTIV HOLDINGS LLC   2024-08-06 2025-10-13
45000. US TREASURY NOTE 2.250% 8/15/27   2022-10-27 2025-10-24
26. MYR GROUP INC/DELAWARE   2023-09-25 2025-11-19
32. SITIME CORP   2025-02-24 2025-11-19
17. STIFEL FINANCIAL CORP   2025-02-24 2025-11-19
36. STIFEL FINANCIAL CORP   2021-03-10 2025-11-19
36. NVENT ELECTRIC PLC-W/I   2024-05-17 2025-11-19
17. CYBER-ARK SOFTWARE LTD/ISRAE   2021-12-17 2025-11-19
45. ALPHABET INC CL C     2025-12-11
35. ANALOG DEVICES INC     2025-12-11
41. BROADCOM INC   2019-03-28 2025-12-11
369. COSTAR GROUP, INC     2025-12-11
54. POOL CORPORATION     2025-12-11
30000. US TREASURY NOTE 2.125% 5/31/26   2021-03-23 2025-12-19
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
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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    
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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 44,306   47,372 -3,066
b 1,779   1,431 348
c 7,956   20,352 -12,396
d 6,561   4,101 2,460
e 9,353   8,646 707
4,263   3,390 873
6,344   2,858 3,486
34,939   13,622 21,317
12,218   9,084 3,134
24,873   21,550 3,323
4,711   3,359 1,352
6,673   2,565 4,108
24,195   15,765 8,430
7,680   7,313 367
900   1,403 -503
5,998   11,513 -5,515
5,940   3,325 2,615
4,630   5,062 -432
6,734   13,350 -6,616
30,000   32,677 -2,677
30,000   32,788 -2,788
3,625   3,218 407
6,237   5,785 452
2,748   1,809 939
5,195   5,825 -630
5,442   7,354 -1,912
3,225   3,236 -11
13,579   9,089 4,490
6,839   2,698 4,141
4,970   552 4,418
21,772   27,512 -5,740
6,452   3,572 2,880
18,171   5,242 12,929
4,230   2,901 1,329
6,094   4,646 1,448
3,918   3,054 864
4,252   4,029 223
485,825   545,303 -59,478
29,615   32,133 -2,518
5,146   6,425 -1,279
5,166   5,436 -270
3,030   2,719 311
2,363   713 1,650
14,199   23,977 -9,778
9,797   17,053 -7,256
6,853   3,376 3,477
14,583   11,077 3,506
15,748   9,670 6,078
21,796   2,104 19,692
9,292   7,581 1,711
8,948   7,647 1,301
9,764   4,323 5,441
3,989   3,324 665
11,468   8,545 2,923
13,089   9,906 3,183
23,451   13,598 9,853
32,737   21,993 10,744
10,594   5,633 4,961
39,241   42,180 -2,939
39,427   16,571 22,856
7,208   3,672 3,536
17,127   1,510 15,617
13,864   1,076 12,788
20,696   4,844 15,852
11,659   4,465 7,194
44,047   41,247 2,800
5,712   3,572 2,140
8,482   5,447 3,035
1,991   1,767 224
4,217   2,352 1,865
3,791   2,865 926
8,091   2,858 5,233
14,131   4,574 9,557
9,836   8,058 1,778
16,735   1,131 15,604
24,806   31,720 -6,914
13,034   14,683 -1,649
29,811   31,880 -2,069
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
      156,138
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       -3,066
b       348
c       -12,396
d       2,460
e       707
      873
      3,486
      21,317
      3,134
      3,323
      1,352
      4,108
      8,430
      367
      -503
      -5,515
      2,615
      -432
      -6,616
      -2,677
      -2,788
      407
      452
      939
      -630
      -1,912
      -11
      4,490
      4,141
      4,418
      -5,740
      2,880
      12,929
      1,329
      1,448
      864
      223
      -59,478
      -2,518
      -1,279
      -270
      311
      1,650
      -9,778
      -7,256
      3,477
      3,506
      6,078
      19,692
      1,711
      1,301
      5,441
      665
      2,923
      3,183
      9,853
      10,744
      4,961
      -2,939
      22,856
      3,536
      15,617
      12,788
      15,852
      7,194
      2,800
      2,140
      3,035
      224
      1,865
      926
      5,233
      9,557
      1,778
      15,604
      -6,914
      -1,649
      -2,069
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 300,897
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 7,055
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 7,055
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 7,055
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 3,072
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,072
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 3,983
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)
MN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website address  
14
The books are in care ofWELLS FARGO BANK NA Telephone no. (800) 352-3705

Located at100 N MAIN ST FL 5D4001-052WINSTONSALEMNC ZIP+427101
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
WELLS FARGO BANK N A TRUSTEE
1 		119,923    
100 N MAIN ST FL 5D4001-052
WINSTON SALEM,NC27101
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
13,629,573
b
Average of monthly cash balances.......................
1b
346,538
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
13,976,111
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
13,976,111
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
209,642
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
13,766,469
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
688,323
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
688,323
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
7,055
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
7,055
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
681,268
4
Recoveries of amounts treated as qualifying distributions................
4
13,341
5
Add lines 3 and 4............................
5
694,609
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
694,609
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
674,992
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
674,992
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 7 694,609
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 635,311
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: $ 674,992
a Applied to 2024, but not more than line 2a 635,311
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..... 39,681
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 .......... 		654,928
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 e-mail address of the person to whom applications should be addressed:
CENTER FOR SCHOLARSHIP ADMIN
4320 WADE HAMPTON BLVD STE G
TAYLORS,SC29687
(864) 268-3363
ALLISON@CSA SCHOLARS.ORG
bThe form in which applications should be submitted and information and materials they should include:
APPLICATIONS MUST BE SUBMITTED ONLINE THROUGH THE CENTER FOR SCHOLARSHIP ADMINISTRATION WEBSITE
cAny submission deadlines:
MAY 17
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
HIGH SCHOOL SENIORS OR GRADUATES FROM NOTHEASTERN MINNESOTA OR NOTHWESTERN WISCONSIN, ATTENDING A SCHOOL IN NORTHEASTERN MINNESOTA OR NORTHWESTERN WISCONSIN.
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

MINNESOTA NORTH COLLEGE

1515 E 25TH ST
HIBBING,MN55746 		NONE   SCHOLARSHIP 141,000

ITASCA AREA SCHOOLS COLLABORATIVE

101 1ST AVE NE
DEER RIVER,MN56636 		NONE   SCHOLARSHIP 50,000

NORTHWEST TECHNICAL COLLEGE
FBO DANE DANIELSON
905 GRANT AVE SE
BEMIDJI,MN56601 		NONE   SCHOLARSHIP 4,500

NORTHWOOD TECHNICAL COLLEGE
FBO PAYTON DOORNINK
1900 COLLEGE DRIVE
RICE LAKE,WI54868 		NONE   SCHOLARSHIP 4,500

NORTHWOOD TECHNICAL COLLEGE
FBO KAYLA FRANKE
1900 COLLEGE DRIVE
RICE LAKE,WI54868 		NONE   SCHOLARSHIP 4,500

LAKE SUPERIOR COLLEGE
FBO ALEXANDRA GARCIA KOKOTOVI
2101 TRINITY RD
DULUTH,MN55811 		NONE   SCHOLARSHIP 4,500

LAKE SUPERIOR COLLEGE
FBO JOCELYN HANSON
2101 TRINITY RD
DULUTH,MN55811 		NONE   SCHOLARSHIP 4,500

NORTHWOOD TECHNICAL COLLEGE
FBO HANNA MAIN
1900 COLLEGE DRIVE
RICE LAKE,WI54868 		NONE   SCHOLARSHIP 4,500

LAKE SUPERIOR COLLEGE
FBO ATREJU PERRY
2101 TRINITY RD
DULUTH,MN55811 		NONE   SCHOLARSHIP 4,500

LAKE SUPERIOR COLLEGE
FBO MAXWELL WALTERS
2101 TRINITY RD
DULUTH,MN55811 		NONE   SCHOLARSHIP 4,500

FOND DU LAC TRIBAL AND COMMUNITY COLLEGE
FBO BRADLEY UNTIEDT
2101 14TH ST
CLOQUET,MN55720 		NONE   SCHOLARSHIP 4,500

MESABI RANGE COLLEGE FOUNDATION

1001 CHESTNUT ST W
VIRGINIA,MN557923401 		NONE   SCHOLARSHIP 50,000

NORTHCENTRAL TECHNICAL COLLEGE FOUNDATIO

1000 W CAMPUS DR
WAUSAU,WI544011880 		NONE   SCHOLARSHIP 47,804

LAC COURTE OREILLES OJIBWE COLLEGE

13466 W TREPANIA ROAD
HAYWARD,WI548432181 		NONE   SCHOLARSHIP 30,000

FOND DU LAC TRIBAL AND COMMUNITY COLLEGE

2101 14TH ST
CLOQUET,MN55720 		NONE   SCHOLARSHIP 280,696
Total ................................. 3a 640,000
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 327,040  
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 ............ 		    18 300,897  
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) ..   627,937  
13Total. Add line 12, columns (b), (d), and (e)..................
13
627,937
(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:
PATRICIA ANN EMBERG CHARITABLE TRUST
EIN:
30-1251567
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,341     1,341

TY 2025 InvestmentsCorpBondsSchedule
Name:
PATRICIA ANN EMBERG CHARITABLE TRUST
EIN:
30-1251567
Name of Bond End of Year Book Value End of Year Fair Market Value
00287YAQ2 ABBVIE INC    
036752AB9 ANTHEM INC 43,931 39,809
06051GGA1 BANK OF AMERICA CORP 32,253 29,721
110122DP0 BRISTOL-MYERS SQUIBB 30,137 28,642
126650DM9 CVS HEALTH CORP 28,949 28,698
14040HBN4 CAPITAL ONE FINANCIA 33,007 29,911
20030NDM0 COMCAST CORP 33,682 31,198
25389JAR7 DIGITAL REALTY TRUST 32,964 29,837
254687FL5 WALT DISNEY COMPANY/ 29,347 28,050
29444UBL9 EQUINIX INC 28,894 28,457
38148LAE6 GOLDMAN SACHS GROUP    
46625HRV4 JPMORGAN CHASE & CO    
61746BEF9 MORGAN STANLEY 33,047 29,922
693475AZ8 PNC FINANCIAL SERVIC 15,178 14,116
78016EZM2 ROYAL BANK OF CANADA 30,074 29,956
78016EZQ3 ROYAL BANK OF CANADA 14,737 14,873
961214DW0 WESTPAC BANKING CORP 16,383 14,881
907818FU7 UNION PACIFIC CORP 14,806 13,756
9128282R0 US TREASURY NOTE 32,081 34,319
9128283W8 US TREASURY NOTE 70,893 64,020
9128285M8 US TREASURY NOTE 39,401 34,609
9128286A3 US TREASURY NOTE 74,879 69,937
9128286T2 US TREASURY NOTE 2.3 79,918 76,918
9128286X3 US TREASURY NOTE 31,287 29,820
912828M56 US TREASURY NOTE    
912828U24 US TREASURY NOTE 2.0 35,700 34,538
91282CBL4 US TREASURY NOTE 84,373 83,641
91282CDY4 US TREASURY NOTE 1.8 84,509 89,184
31428XCD6 FEDEX CORP 18,919 18,146
023135CH7 AMAZON.COM INC 27,978 29,088
037833EV8 APPLE INC 24,291 25,327
256677AP0 DOLLAR GENERAL CORP 9,816 10,370
458140CA6 INTEL CORP 14,233 14,464
67103HAL1 O'REILLY AUTOMOTIVE 23,638 25,217
91282CGQ8 US TREASURY NOTE 80,189 81,018
91282CJJ1 US TREASURY NOTE 56,001 56,790
00206RGQ9 AT&T INC 19,038 20,025
09247XAT8 BLACKROCK INC 29,472 30,692
26441CBT1 DUKE ENERGY CORP 18,967 19,934
494553AE0 KINDER MORGAN INC 15,029 15,486
91282CFV8 US TREASURY NOTE 4.1 29,189 30,344
91282CGP0 US TREASURY NOTE 10,023 10,104
91282CJZ5 US TREASURY NOTE 64,956 64,797
927804GP3 VIRGINIA ELEC & POWE 35,204 35,418
04636NAN3 ASTRAZENECA FINANCE 9,942 10,345
373334KY6 GEORGIA POWER CO 24,577 25,400
46647PDR4 VR JPMORGAN CHASE & 31,025 31,170
63743HFM9 NATIONAL RURAL UTIL 25,166 25,240
91282CLW9 US TREASURY NOTE 19,547 20,210
91282CMM0 US TREASURY NOTE 51,728 51,901
91282CPJ4 US TREASURY NOTE 34,599 34,497

TY 2025 InvestmentsCorpStockSchedule
Name:
PATRICIA ANN EMBERG CHARITABLE TRUST
EIN:
30-1251567
Name of Stock End of Year Book Value End of Year Fair Market Value
G1151C101 ACCENTURE PLC    
02079K107 ALPHABET INC CL C 51,945 231,584
05550J101 BJ'S WHOLESALE CLUB 5,695 13,414
09857L108 BOOKING HOLDINGS INC    
101137107 BOSTON SCIENTIFIC CO 19,568 46,722
109194100 BRIGHT HORIZONS FAMI 16,789 13,283
11135F101 BROADCOM INC 12,414 155,745
122017106 BURLINGTON STORES IN 11,380 18,486
169656105 CHIPOTLE MEXICAN GRI 29,907 34,151
21036P108 CONSTELLATION BRANDS    
235851102 DANAHER CORP 35,351 44,868
243537107 DECKERS OUTDOOR CORP 10,762 15,343
252131107 DEXCOM INC 36,552 31,128
27579R104 EAST WEST BANCORP IN 12,518 27,873
278865100 ECOLAB INC 27,686 39,378
532457108 ELI LILLY & CO COM 15,133 79,526
29670G102 ESSENTIAL UTILITIES    
30303M102 META PLATFORMS INC 36,832 143,240
336433107 FIRST SOLAR INC 7,093 17,764
34964C106 FORTUNE BRANDS INNOV    
410867105 HANOVER INS GROUP IN 7,656 13,708
428291108 HEXCEL CORP NEW COM 7,757 13,450
445658107 HUNT J B TRANS SVCS 11,813 17,102
45688C107 INGEVITY CORP 12,361 12,901
45866F104 INTERCONTINENTAL EXC 15,989 27,857
44980X109 IPG PHOTONICS CORP    
48020Q107 JONES LANG LASALLE I 7,516 19,852
513272104 LAMB WESTON HOLDINGS 12,270 7,582
533900106 LINCOLN ELECTRIC HOL 10,593 20,609
50212V100 LPL FINANCIAL HOLDIN 2,946 13,215
594918104 MICROSOFT CORP 108,818 282,918
596278101 MIDDLEBY CORP 4,755 7,136
617446448 MORGAN STANLEY 10,603 40,654
553498106 MSA SAFETY INC 11,127 12,811
64110L106 NETFLIX INC 8,476 30,003
650111107 NEW YORK TIMES CO CL 13,735 21,798
67066G104 NVIDIA CORP 80,375 483,781
686688102 ORMAT TECHNOLOGIES I 7,955 11,931
697435105 PALO ALTO NETWORKS I 8,729 47,155
70975L107 PENUMBRA INC 8,959 13,058
73278L105 POOL CORPORATION    
759351604 REINSURANCE GROUP AM 7,609 13,632
775133101 ROGERS CORP COM 9,748 6,227
78409V104 S&P GLOBAL INC 24,344 41,807
79466L302 SALESFORCE INC 23,404 40,796
81762P102 SERVICENOW INC 25,803 41,361
860630102 STIFEL FINANCIAL COR 4,515 13,023
88162G103 TETRA TECH INC NEW 5,508 9,156
892356106 TRACTOR SUPPLY CO CO 9,873 27,506
893641100 TRANSDIGM GROUP INC 23,410 46,545
89531P105 TREX COMPANY INC 14,094 6,420
896239100 TRIMBLE INC 11,168 16,375
90384S303 ULTA BEAUTY INC 31,667 59,291
92532F100 VERTEX PHARMACEUTICA 16,491 38,536
92826C839 VISA INC-CLASS A SHR 47,952 88,028
929740108 WABTEC CORP 2,971 10,673
947890109 WEBSTER FINL CORP WA 15,882 23,540
983793100 XPO INC 9,089 39,686
016255101 ALIGN TECHNOLOGY INC    
01749D105 ALLEGRO MICROSYSTEMS 8,256 8,916
023135106 AMAZON COM INC COM 89,785 205,891
037833100 APPLE INC 59,209 242,771
358039105 FRESHPET INC 8,797 5,484
679295105 OKTA INC 51,368 42,543
70438V106 PAYLOCITY HOLDING CO 19,680 13,268
81725T100 SENSIENT TECHNOLOGIE 6,534 8,174
M2682V108 CYBER-ARK SOFTWARE L 6,760 19,627
038336103 APTARGROUP INC COM 8,746 9,879
45857P806 INTERCONTINENTAL HOT 5,620 13,801
46120E602 INTUITIVE SURGICAL I 23,158 54,371
53803X105 LIVE OAK BANCSHARES    
589889104 MERIT MEDICAL SYS IN 13,442 18,774
237266101 DARLING INGREDIENTS 10,218 5,040
29786A106 ETSY INC 15,732 8,205
127387108 CADENCE DESIGN SYSTE 28,380 41,886
13646K108 CANADIAN PACIFIC KAN 36,650 38,950
25754A201 DOMINOS PIZZA INC 14,658 15,006
426281101 HENRY JACK & ASSOC I 11,069 12,591
55405W104 MYR GROUP INC/DELAWA 9,807 16,825
579780206 MCCORMICK & CO INC N 14,414 13,350
74834L100 QUEST DIAGNOSTICS IN 7,223 9,371
88339J105 TRADE DESK INC/THE 38,626 23,573
920253101 VALMONT INDS INC 14,140 19,714
G4705A100 ICON PLC 14,582 13,120
00724F101 ADOBE INC 48,595 32,199
02005N100 ALLY FINANCIAL INC 10,162 11,323
032654105 ANALOG DEVICES INC 27,209 32,544
040413205 ARISTA NETWORKS INC 13,484 60,012
053611109 AVERY DENNISON CORP 9,905 8,366
20717M103 CONFLUENT INC    
219948106 CORPAY INC 23,914 30,093
22160N109 COSTAR GROUP, INC    
23804L103 DATADOG INC 49,073 53,172
268150109 DYNATRACE INC 16,333 14,432
26856L103 ELF BEAUTY INC 9,538 6,463
29261A100 ENCOMPASS HEALTH COR 10,499 14,329
30063P105 EXACT SCIENCES CORP 6,094 10,461
64125C109 NEUROCRINE BIOSCIENC 33,877 35,741
69753M105 PALOMAR HOLDINGS INC 6,704 8,490
82982T106 SITIME CORP 8,264 20,838
89377M109 TRANSMEDICS GROUP IN 7,849 8,272
91324P102 UNITEDHEALTH GROUP I 49,687 32,021
92537N108 VERTIV HOLDINGS LLC 17,496 38,396
98585X104 YETI HOLDINGS INC    
G0176J109 ALLEGION PLC 7,714 9,553
G6700G107 NVENT ELECTRIC PLC-W 8,636 11,523
056525108 BADGER METER INC 7,948 6,628
125896100 CMS ENERGY CORP 9,302 8,881
148929102 CAVA GROUP INC 9,497 5,986
316773100 FIFTH THIRD BANCORP 9,934 12,311
36828A101 GE VERNOVA INC 32,196 30,064
531229755 LIBERTY MEDIA CORP-L 8,207 8,275
65290E101 NEXTPOWER INC 6,473 8,275
68389X105 ORACLE CORPORATION 46,184 33,135
69370C100 PTC INC 8,577 7,491
85914M107 STEPSTONE GROUP INC 10,265 10,781
90353T100 UBER TECHNOLOGIES IN 45,531 48,536
922280102 VARONIS SYSTEMS INC 6,438 6,494
931142103 WALMART INC 30,821 34,649
941848103 WATERS CORP 9,784 9,876
L8681T102 SPOTIFY TECHNOLOGY S 29,109 26,713
M7S64H106 MONDAY.COM LTD 32,924 26,266

TY 2025 InvestmentsOtherSchedule2
Name:
PATRICIA ANN EMBERG CHARITABLE TRUST
EIN:
30-1251567
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
922908553 VANGUARD REAL ESTATE AT COST 191,725 201,315
03875R205 ARBITRAGE FUND CLASS AT COST 250,000 258,011
742537236 PRINCIPAL GL MULT ST AT COST 300,000 310,435
46090F100 INVESCO OPTIMUM YIEL AT COST 258,006 229,808
464287234 ISHARES MSCI EMERGIN AT COST 490,888 647,493
464287465 ISHARES MSCI EAFE ET AT COST 857,252 1,218,141
464287473 ISHARES RUSSELL MID- AT COST 478,275 685,926
464287481 ISHARES RUSSELL MID- AT COST 358,015 618,421
464288885 ISHARES MSCI EAFE GR AT COST 129,107 182,842
64128R608 NEUBERGER BERMAN LON AT COST 250,000 306,105
68213N109 OMNICELL INC AT COST 19,632 12,412
704329242 PAYDEN EMER MRKT BON AT COST 582,662 586,326
72201F516 PIMCO E/M LCL CUR & AT COST 189,302 227,381
133131102 CAMDEN PPTY TR SH BE AT COST 5,234 6,275
256219106 DODGE & COX STOCK FU AT COST 1,035,941 1,410,309
277276101 EASTGROUP PPTYS INC AT COST 9,449 12,292
313745101 FEDERAL REALTY INVES AT COST 7,955 7,762
31420B847 FED HER OPP HIGH YIE AT COST 525,000 544,796
00143W859 INV OPP DEVELOP MRKT      
00191K609 AQR MANAGED FUTURES AT COST 249,734 292,344
229663109 CUBESMART AT COST 7,049 6,489
46137V118 INVESCO GLOBAL LISTE AT COST 12,056 13,616
464287804 ISHARES CORE S&P SMA AT COST 98,978 102,153
003021714 ABERDEEN EMERG MARKE AT COST 482,632 525,685
464288588 ISHARES MBS ETF AT COST 47,817 47,610
512816109 LAMAR ADVERTISING CO AT COST 6,425 6,835

TY 2025 OtherDecreasesSchedule
Name:
PATRICIA ANN EMBERG CHARITABLE TRUST
EIN:
30-1251567
Description Amount
CY PURCHASE OF ACCRUED INTEREST 418
MUTUAL FUND TIMING ADJ 1,770
PY RETURN OF CAPITAL ADJUSTMENT 5,986


TY 2025 OtherExpensesSchedule
Name:
PATRICIA ANN EMBERG CHARITABLE TRUST
EIN:
30-1251567
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FILING FEE/STATE TAX 25 0   25
INVESTMENT EXPENSES - ADR FEES 5 5   0


TY 2025 OtherIncreasesSchedule
Name:
PATRICIA ANN EMBERG CHARITABLE TRUST
EIN:
30-1251567
Description Amount
PY PURCHASE OF ACCRUED INTEREST 1,070
RECOVERY OF GRANTS PAID 13,341
ROUNDING 5


TY 2025 OtherProfessionalFeesSchedule
Name:
PATRICIA ANN EMBERG CHARITABLE TRUST
EIN:
30-1251567
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 11,387 11,387    
SCHOLARSHIP ADMIN FEES 3,645     3,645


TY 2025 TaxesSchedule
Name:
PATRICIA ANN EMBERG CHARITABLE TRUST
EIN:
30-1251567
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 7,419 7,419   0
FEDERAL ESTIMATES - PRINCIPAL 2,874 0   0
FOREIGN TAXES ON NONQUALIFIED 2,585 2,585   0