TY 2025 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

OMB No. 1545-0047

2025

Open to Public Inspection

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

Name of foundation
TURNBAUGH J WALTER AND ELEANOR FDN

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

45-6967613

B Telephone number (see instructions)

8887304933

C If exemption application is pending, check here

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

Address change Name change

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

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

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

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

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

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$7,069,675J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	146,435		145,118
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		323,680
b	Gross sales price for all assets on line 6a 1,058,160
7	Capital gain net income (from Part IV, line 2)...			323,680
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).......	List of Attached Documents: // Content	3,945	3,945
12	Total. Add lines 1 through 11........	474,060		472,743
13	Compensation of officers, directors, trustees, etc.	78,502		70,652		7,850
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).......	List of Attached Documents: // Content	1,786	0	0	1,786
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	4,396	4,396		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	6,301	2,176		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).......	List of Attached Documents: // Content	308	308
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	91,293		77,532	0	9,636
25	Contributions, gifts, grants paid.......	260,000				260,000
26	Total expenses and disbursements. Add lines 24 and 25 ................	351,293		77,532	0	269,636
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	122,767
b	Net investment income (if negative, enter -0-)			395,211
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	128,832	237,447	237,447
	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).......	818,459	List of Attached Documents: // Content 986,202	2,427,718
	c	Investments—corporate bonds (attach schedule).......	946,357	List of Attached Documents: // Content 942,561	954,585
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,319,650	List of Attached Documents: // Content 2,170,095	3,449,925
	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)	4,213,298	4,336,305	7,069,675
	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
		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........	4,213,298	4,336,305
	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).....	4,213,298	4,336,305
	30	Total liabilities and net assets/fund balances (see instructions).	4,213,298	4,336,305

Part III

Analysis of Changes in Net Assets or Fund Balances

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

4,213,298

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

122,767

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

List of Attached Documents:

// Content

1,820

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

4,337,885

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

List of Attached Documents:

// Content

1,580

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

4,336,305

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	5000. BUNGE LTD FINANCE CO 1.630% 8/17/25		2024-06-10	2025-01-21
b	5000. BUNGE LTD FINANCE CO 1.630% 8/17/25		2022-03-09	2025-01-21
c	300. SPDR GOLD SHARES ETF		2000-01-01	2025-01-21
d	300. SPDR GOLD SHARES ETF		2000-01-01	2025-02-12
e	1. ADOBE SYS INC		2024-03-25	2025-02-18
	5. ADVANCED MICRO DEVICES INC		2024-06-11	2025-02-18
	2. ALPHABET INC CL C		2019-02-12	2025-02-18
	3. AMAZON COM INC COM		2024-12-11	2025-02-18
	2. ANALOG DEVICES INC		2024-06-11	2025-02-18
	3. APPLE INC		2023-12-14	2025-02-18
	1. BOEING CO		2019-04-04	2025-02-18
	10. CITIGROUP INC.			2025-02-18
	1. COGNIZANT TECH SOLUTIONS CRP COM		2016-08-23	2025-02-18
	1. META PLATFORMS INC		2024-03-25	2025-02-18
	1. HILTON WORLDWIDE HOLDINGS IN		2024-03-25	2025-02-18
	2. JPMORGAN CHASE & CO		2019-10-16	2025-02-18
	1. KEYSIGHT TECHNOLOGIES INC		2024-12-02	2025-02-18
	16. MANULIFE FINANCIAL CORP			2025-02-18
	1. MARSH & MCLENNAN COS INC		2024-10-22	2025-02-18
	2. MCDONALDS CORP		2023-12-14	2025-02-18
	2. MERCK & CO INC NEW		2023-12-14	2025-02-18
	3. MICROSOFT CORP		2023-02-09	2025-02-18
	13. MONDELEZ INTERNATIONAL INC		2018-07-27	2025-02-18
	1. RTX CORP		2019-10-16	2025-02-18
	9. REGIONS FINL CORP NEW		2022-10-25	2025-02-18
	3. STARBUCKS CORP COM		2023-06-14	2025-02-18
	5. TOTAL S.A. - ADR		2024-06-11	2025-02-18
	3. UNILEVER PLC - ADR		2020-02-03	2025-02-18
	1. WASTE MANAGEMENT INC		2023-12-14	2025-02-18
	4. TE CONNECTIVITY PLC		2021-11-19	2025-02-18
	8. ALPHABET INC CL C		2019-02-12	2025-02-25
	110. CELANESE CORP			2025-02-25
	14. CISCO SYSTEMS INC		2025-02-18	2025-02-25
	239. CISCO SYSTEMS INC			2025-02-25
	147. MERCK & CO INC NEW			2025-02-25
	9. GARMIN LTD		2020-05-28	2025-02-25
	35. ALPHABET INC CL C			2025-02-28
	3. BOOKING HOLDINGS INC		2012-08-01	2025-02-28
	2. BROADCOM INC		2025-02-18	2025-02-28
	11. BROADCOM INC		2019-07-03	2025-02-28
	13. CORPAY INC			2025-02-28
	2. META PLATFORMS INC		2024-03-25	2025-02-28
	5. META PLATFORMS INC		2021-04-08	2025-02-28
	1. FORTUNE BRANDS INNOVATIONS INC		2024-12-12	2025-02-28
	156. FORTUNE BRANDS INNOVATIONS INC			2025-02-28
	10. LAM RESH CORP		2025-02-18	2025-02-28
	8. LAM RESH CORP		2018-10-01	2025-02-28
	6. MORGAN STANLEY		2024-12-12	2025-02-28
	23. MORGAN STANLEY		2019-05-02	2025-02-28
	20. UNITED PARCEL SERVICE-CL B		2024-06-11	2025-02-28
	28. ACCENTURE PLC		2012-08-01	2025-02-28
	300. SPDR GOLD SHARES ETF		2000-01-01	2025-03-14
	3. META PLATFORMS INC		2024-12-12	2025-03-20
	2. META PLATFORMS INC		2013-12-09	2025-03-20
	24. OKTA INC		2021-12-21	2025-03-20
	53. ALPHABET INC CL C			2025-03-21
	6. BLACKSTONE INC		2025-02-18	2025-03-21
	10. BLACKSTONE INC		2023-03-20	2025-03-21
	32. CITIGROUP INC.		2024-09-25	2025-03-21
	52. CITIGROUP INC.			2025-03-21
	16. JPMORGAN CHASE & CO			2025-03-21
	23. REGIONS FINL CORP NEW		2024-03-25	2025-03-21
	62. REGIONS FINL CORP NEW		2022-10-25	2025-03-21
	40. SUNCOR ENERGY INC NEW F		2025-02-18	2025-03-21
	39. SUNCOR ENERGY INC NEW F		2023-03-20	2025-03-21
	13. TARGET CORP		2024-09-25	2025-03-21
	50. TARGET CORP			2025-03-21
	20. TOTAL S.A. - ADR		2024-06-11	2025-03-21
	26.00027 TOTAL S.A. - ADR		2023-12-14	2025-03-21
	5.99973 TOTAL S.A. - ADR		2023-12-14	2025-03-21
	12. UNITED PARCEL SERVICE-CL B			2025-03-21
	15000. US TREASURY NOTE 2.625% 1/31/26			2025-03-21
	15000. US TREASURY NOTE 2.250% 11/15/25		2023-01-18	2025-03-21
	6. ADVANCED MICRO DEVICES INC		2024-06-11	2025-03-24
	1. ALPHABET INC CL C		2012-08-01	2025-03-24
	3. AMAZON COM INC COM		2024-12-11	2025-03-24
	1. ANALOG DEVICES INC		2024-06-11	2025-03-24
	1. BLACKSTONE INC		2023-03-20	2025-03-24
	1. BOEING CO		2019-04-04	2025-03-24
	4. CITIGROUP INC.			2025-03-24
	1. COGNIZANT TECH SOLUTIONS CRP COM		2016-08-23	2025-03-24
	1. META PLATFORMS INC		2021-04-08	2025-03-24
	2. JPMORGAN CHASE & CO		2012-08-01	2025-03-24
	1. LAM RESH CORP		2018-10-01	2025-03-24
	1. ELI LILLY & CO COM		2025-02-18	2025-03-24
	7. MANULIFE FINANCIAL CORP		2016-03-01	2025-03-24
	4. REGIONS FINL CORP NEW		2024-03-25	2025-03-24
	2. SUNCOR ENERGY INC NEW F		2023-03-20	2025-03-24
	1. VISA INC-CLASS A SHRS		2025-02-18	2025-03-24
	3. META PLATFORMS INC		2021-04-08	2025-03-31
	6. UNITED PARCEL SERVICE-CL B		2024-09-25	2025-03-31
	15. UNITED PARCEL SERVICE-CL B		2020-03-03	2025-03-31
	7. META PLATFORMS INC		2021-04-08	2025-04-04
	3. ELI LILLY & CO COM		2016-11-29	2025-04-04
	3. VISA INC-CLASS A SHRS		2025-02-18	2025-04-04
	3. VISA INC-CLASS A SHRS		2021-12-22	2025-04-04
	1. GARMIN LTD		2025-03-24	2025-04-04
	13. GARMIN LTD		2020-05-28	2025-04-04
	300. SPDR GOLD SHARES ETF		2000-01-01	2025-04-09
	52. UNITED PARCEL SERVICE-CL B			2025-04-22
	1. ABBOTT LABS		2025-02-25	2025-04-23
	2. ABBVIE INC			2025-04-23
	1. APPLE INC		2025-03-24	2025-04-23
	3. APPLE INC		2023-12-14	2025-04-23
	4. BROADCOM INC			2025-04-23
	2. BROADCOM INC		2019-07-03	2025-04-23
	1. MCDONALDS CORP		2023-12-14	2025-04-23
	1. MICROSOFT CORP		2025-03-24	2025-04-23
	1. MICROSOFT CORP		2023-02-09	2025-04-23
	1. NVIDIA CORP		2025-04-22	2025-04-23
	2. STARBUCKS CORP COM		2023-06-14	2025-04-23
	6. TOTAL S.A. - ADR		2023-12-14	2025-04-23
	6. UNILEVER PLC - ADR		2020-02-03	2025-04-23
	1. UNITEDHEALTH GROUP INC		2024-03-25	2025-04-23
	10000. SUNTRUST BANKS INC 4.000% 5/01/25		2019-02-01	2025-05-01
	2. JPMORGAN CHASE & CO		2025-04-23	2025-05-08
	6. JPMORGAN CHASE & CO		2012-08-01	2025-05-08
	7. MANULIFE FINANCIAL CORP		2025-04-23	2025-05-08
	58. MANULIFE FINANCIAL CORP		2016-03-01	2025-05-08
	28. UNILEVER PLC - ADR		2020-02-03	2025-05-08
	8. WASTE MANAGEMENT INC		2023-12-14	2025-05-08
	300. SPDR GOLD SHARES ETF		2000-01-01	2025-05-09
	195.503 INV OPP DEVELOP MRKTS-R6 7038		2018-11-13	2025-05-14
	444.84 AMER CENT SM CAP GRWTH-Y #5136			2025-05-14
	1215.805 FPA NEW INCOME FUND-INST 78		2019-04-02	2025-05-14
	200. FIRST TRUST GLOBAL TACTICAL		2024-06-07	2025-05-14
	262. GOLDMAN SACHS ACTIVEBETA INT ETF		2024-06-06	2025-05-14
	400. INVESCO OPTIMUM YIELD DIVERSIF ETF		2024-06-07	2025-05-14
	34. ISHARES CORE S & P 500 ETF		2018-12-27	2025-05-14
	100. ISHARES RUSSELL MID-CAP VALUE		2020-12-14	2025-05-14
	125. ISHARES RUSSELL MID-CAP GROWTH		2014-05-20	2025-05-14
	25. ISHARES RUSSELL 2000 VALUE ETF		2012-07-30	2025-05-14
	25. ISHARES RUSSELL 2000 ETF		2016-10-28	2025-05-14
	175. ISHARES JP MORGAN USD EMERGING		2024-05-16	2025-05-14
	150. ISHA CURR HEDGED MSCI EAFE ETF		2015-11-25	2025-05-14
	669.413 NEUBERGER BERMAN LONG SH-INS #1830		2018-12-26	2025-05-14
	544.662 PRINCIPAL PREFERRED SEC-R6 #8200		2018-07-13	2025-05-14
	2096.436 PGIM HIGH YIELD-Q 1067		2024-05-16	2025-05-14
	18. SPDR S & P 500 ETF TRUST		2015-08-24	2025-05-14
	20. SPDR GOLD SHARES ETF		2020-12-14	2025-05-14
	109.589 TOUCHSTONE MID CAP-R6 #355		2015-07-31	2025-05-14
	312. VANGUARD FTSE DEVELOPED ETF		2012-07-30	2025-05-14
	306. ETRACS ALERIAN MLP IND SER B ETN		2015-11-25	2025-05-15
	10000. GOLDMAN SACHS GROUP 3.750% 5/22/25		2024-06-10	2025-05-22
	10000. GOLDMAN SACHS GROUP 3.750% 5/22/25		2017-09-27	2025-05-22
	1. ALPHABET INC CL C		2024-12-12	2025-05-30
	32. ALPHABET INC CL C		2023-02-21	2025-05-30
	8. BOSTON SCIENTIFIC CORP COM		2024-12-12	2025-05-30
	24. BOSTON SCIENTIFIC CORP COM		2015-04-14	2025-05-30
	50. CONSTELLATION BRANDS INC			2025-05-30
	3. INTERCONTINENTAL EXCHANGE INC		2024-12-12	2025-05-30
	14. INTERCONTINENTAL EXCHANGE INC		2012-08-01	2025-05-30
	5. NETFLIX.COM INC			2025-05-30
	280. SPDR GOLD SHARES ETF		2000-01-01	2025-06-10
	1. ALPHABET INC CL C		2025-04-23	2025-06-24
	11. ALPHABET INC CL C		2012-08-01	2025-06-24
	11. RTX CORP			2025-06-24
	4. RTX CORP		2019-10-16	2025-06-24
	15. UNITEDHEALTH GROUP INC			2025-06-24
	6. ADOBE SYS INC			2025-07-11
	4. BROADCOM INC		2019-07-03	2025-07-11
	280. SPDR GOLD SHARES ETF		2000-01-01	2025-07-11
	30. UNITEDHEALTH GROUP INC		2012-08-01	2025-07-11
	14. TE CONNECTIVITY PLC		2021-11-19	2025-07-11
	1. ABBOTT LABS		2025-02-25	2025-07-22
	1. ABBVIE INC		2021-07-06	2025-07-22
	1. ADOBE SYS INC		2023-06-14	2025-07-22
	2. ALPHABET INC CL C		2012-08-01	2025-07-22
	1. BERKSHIRE HATHAWAY INC.		2025-03-24	2025-07-22
	2. BLACKSTONE INC		2025-05-08	2025-07-22
	3. CITIGROUP INC.		2025-04-23	2025-07-22
	2. CITIGROUP INC.		2014-06-09	2025-07-22
	1. COGNIZANT TECH SOLUTIONS CRP COM		2025-04-23	2025-07-22
	1. COGNIZANT TECH SOLUTIONS CRP COM		2016-08-23	2025-07-22
	1. HILTON WORLDWIDE HOLDINGS IN		2025-03-24	2025-07-22
	2. JPMORGAN CHASE & CO		2012-08-01	2025-07-22
	2. KEYSIGHT TECHNOLOGIES INC		2024-12-02	2025-07-22
	12. MANULIFE FINANCIAL CORP		2016-03-01	2025-07-22
	3. MONDELEZ INTERNATIONAL INC		2018-07-27	2025-07-22
	7. REGIONS FINL CORP NEW		2025-04-23	2025-07-22
	4. STARBUCKS CORP COM			2025-07-22
	1. SUNCOR ENERGY INC NEW F		2025-04-23	2025-07-22
	1. THERMO FISHER SCIENTIFIC INC		2023-06-14	2025-07-22
	6. TOTAL S.A. - ADR		2023-12-14	2025-07-22
	1. UBER TECHNOLOGIES INC		2025-07-11	2025-07-22
	4. UNILEVER PLC - ADR		2020-02-03	2025-07-22
	1. UNION PACIFIC CORP		2025-02-18	2025-07-22
	1. WAL MART STORES INC		2025-03-21	2025-07-22
	1. WASTE MANAGEMENT INC		2023-12-14	2025-07-22
	1. TE CONNECTIVITY PLC		2021-11-19	2025-07-22
	2970.035 INV OPP DEVELOP MRKTS-R6 7038		2018-11-13	2025-07-29
	280. SPDR GOLD SHARES ETF		2000-01-01	2025-08-08
	15000. US TREASURY NOTE 2.625% 1/31/26		2024-06-10	2025-08-12
	40. ALIGN TECHNOLOGY INC		2024-12-12	2025-08-15
	27. ALIGN TECHNOLOGY INC			2025-08-15
	50. ARISTA NETWORKS INC		2018-10-10	2025-08-15
	7. CADENCE DESIGN SYSTEMS INC		2024-12-12	2025-08-15
	9. CADENCE DESIGN SYSTEMS INC		2024-03-27	2025-08-15
	152. TRIMBLE NAV LTD			2025-08-15
	24. VERTIV HOLDINGS LLC		2025-02-28	2025-08-15
	3. BROADCOM INC		2025-07-22	2025-09-04
	17. BROADCOM INC		2019-07-03	2025-09-04
	280. SPDR GOLD SHARES ETF		2000-01-01	2025-09-10
	1. AMAZON COM INC COM		2021-09-02	2025-09-15
	1. APPLE INC		2012-11-13	2025-09-15
	1. BROADCOM INC		2024-12-12	2025-09-15
	1. CANADIAN PACIFIC KANSAS CITY L		2023-12-21	2025-09-15
	2. CHIPOTLE MEXICAN GRILL INC		2024-12-12	2025-09-15
	1. META PLATFORMS INC		2013-12-09	2025-09-15
	1. MICROSOFT CORP		2024-12-12	2025-09-15
	3. OKTA INC		2021-12-21	2025-09-15
	5. TRADE DESK INC/THE		2023-06-05	2025-09-15
	4. BERKSHIRE HATHAWAY INC.		2025-03-21	2025-09-19
	7. LAM RESH CORP			2025-09-19
	19. LAM RESH CORP		2018-10-01	2025-09-19
	20. RTX CORP			2025-09-19
	111. COGNIZANT TECH SOLUTIONS CRP COM			2025-10-06
	280. SPDR GOLD SHARES ETF		2000-01-01	2025-10-07
	6. ALPHABET INC CL C		2025-09-15	2025-10-09
	56. ALPHABET INC CL C			2025-10-09
	15. APPLE INC		2012-11-13	2025-10-09
	47. ARISTA NETWORKS INC			2025-10-09
	7. BROADCOM INC		2024-12-12	2025-10-09
	3. BROADCOM INC		2018-07-13	2025-10-09
	6. NETFLIX.COM INC		2019-09-30	2025-10-09
	5. VERTIV HOLDINGS LLC		2025-02-28	2025-10-09
	16. VERTIV HOLDINGS LLC		2024-08-06	2025-10-09
	7. EATON CORP PLC			2025-10-31
	8. EATON CORP PLC			2025-10-31
	1. ADVANCED MICRO DEVICES INC		2025-07-22	2025-11-04
	12. ADVANCED MICRO DEVICES INC			2025-11-04
	5000. FISERV INC 5.625% 8/21/33		2024-06-10	2025-11-04
	4200. ETRACS ALERIAN MLP IND SER B ETN			2025-11-04
	280. SPDR GOLD SHARES ETF		2020-12-14	2025-11-06
	1300. SPDR GOLD MINISHARES TRUST ETF		2025-01-01	2025-11-14
	1300. SPDR GOLD MINISHARES TRUST ETF		2025-01-01	2025-12-05
	24. ALPHABET INC CL C		2012-08-01	2025-12-08
	9. ANALOG DEVICES INC		2024-06-27	2025-12-08
	146. COSTAR GROUP, INC			2025-12-08
	23. POOL CORPORATION		2018-05-09	2025-12-08
	16. VERTIV HOLDINGS LLC		2024-08-06	2025-12-08
	10. ECOLAB INC		2025-02-25	2025-12-10
	33. MAGNUM ICE CREAM CO BV/THE			2025-12-10
	25000. JPMORGAN CHASE & CO 2.950% 10/01/26			2025-12-17
	49. LAM RESH CORP		2018-10-01	2025-12-17
	2. DEEMED REDEEMED ASML HOLDING NV ESCR		2025-09-19	2025-12-17
	10000. US TREASURY NOTE 2.125% 5/31/26		2025-12-17	2025-12-23
	15000. US TREASURY NOTE 2.125% 5/31/26			2025-12-23
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,914	4,778	136
b	4,914	4,801	113
c	25	17	8
d	26	16	10
e	462	509	-47
	570	795	-225
	370	112	258
	673	690	-17
	439	472	-33
	731	591	140
	185	448	-263
	846	707	139
	89	58	31
	713	506	207
	268	210	58
	558	239	319
	185	172	13
	480	225	255
	230	222	8
	610	579	31
	165	212	-47
	1,225	803	422
	795	558	237
	124	87	37
	222	190	32
	338	302	36
	311	345	-34
	164	177	-13
	229	177	52
	616	660	-44
	1,430	450	980
	6,006	7,173	-1,167
	900	909	-9
	15,363	4,117	11,246
	13,313	8,738	4,575
	2,025	819	1,206
	5,929	1,389	4,540
	14,758	1,935	12,823
	390	455	-65
	2,142	313	1,829
	4,728	3,370	1,358
	1,310	1,011	299
	3,276	1,558	1,718
	65	78	-13
	10,107	6,447	3,660
	758	864	-106
	606	121	485
	789	768	21
	3,025	1,096	1,929
	2,370	2,747	-377
	9,732	1,693	8,039
	24	15	9
	1,796	1,892	-96
	1,197	97	1,100
	2,728	5,431	-2,703
	8,685	839	7,846
	880	1,001	-121
	1,466	782	684
	2,280	1,937	343
	3,704	3,292	412
	3,806	1,487	2,319
	492	461	31
	1,325	1,307	18
	1,495	1,604	-109
	1,458	1,156	302
	1,342	2,026	-684
	5,163	2,837	2,326
	1,267	1,380	-113
	1,648	1,767	-119
	380	408	-28
	1,358	1,589	-231
	14,814	15,272	-458
	14,817	14,384	433
	688	954	-266
	170	16	154
	608	690	-82
	213	236	-23
	152	78	74
	181	448	-267
	297	198	99
	78	58	20
	617	312	305
	496	73	423
	78	15	63
	860	859	1
	219	98	121
	89	80	9
	77	59	18
	345	355	-10
	1,689	935	754
	660	788	-128
	1,650	1,400	250
	3,558	2,181	1,377
	2,219	202	2,017
	943	1,066	-123
	943	656	287
	178	215	-37
	2,316	1,183	1,133
	27	16	11
	5,029	4,049	980
	129	135	-6
	351	405	-54
	205	220	-15
	614	591	23
	713	833	-120
	357	57	300
	317	289	28
	376	393	-17
	376	268	108
	104	99	5
	166	202	-36
	352	408	-56
	379	353	26
	432	487	-55
	10,000	10,166	-166
	511	483	28
	1,532	218	1,314
	219	210	9
	1,813	815	998
	1,753	1,648	105
	1,882	1,415	467
	29	16	13
	8,000	7,340	660
	10,000	4,288	5,712
	12,000	12,049	-49
	4,913	4,775	138
	9,943	9,207	736
	5,162	5,512	-350
	20,050	8,308	11,742
	12,851	9,477	3,374
	16,766	5,281	11,485
	3,824	1,748	2,076
	5,178	2,954	2,224
	15,733	15,701	32
	5,574	4,007	1,567
	13,000	8,548	4,452
	5,000	5,447	-447
	10,000	9,853	147
	10,561	3,516	7,045
	5,851	3,407	2,444
	6,000	2,836	3,164
	16,779	9,937	6,842
	5,938	5,861	77
	10,000	10,000
	10,000	10,314	-314
	170	196	-26
	5,437	2,962	2,475
	836	724	112
	2,508	430	2,078
	8,892	6,528	2,364
	537	471	66
	2,508	364	2,144
	5,960	1,665	4,295
	29	16	13
	169	158	11
	1,857	174	1,683
	1,551	1,433	118
	564	348	216
	4,532	2,514	2,018
	2,178	2,969	-791
	1,097	114	983
	28	16	12
	9,041	1,542	7,499
	2,485	2,308	177
	125	135	-10
	187	116	71
	373	481	-108
	384	32	352
	479	525	-46
	337	283	54
	283	201	82
	188	99	89
	76	71	5
	76	58	18
	272	232	40
	585	73	512
	330	345	-15
	369	169	200
	211	129	82
	184	141	43
	382	429	-47
	39	35	4
	424	524	-100
	371	408	-37
	92	96	-4
	242	235	7
	229	252	-23
	96	86	10
	226	177	49
	180	165	15
	127,415	111,505	15,910
	29	16	13
	14,891	14,446	445
	5,743	9,492	-3,749
	3,877	4,582	-705
	6,830	716	6,114
	2,443	2,166	277
	3,141	2,813	328
	12,589	7,257	5,332
	3,180	2,277	903
	918	841	77
	5,199	484	4,715
	29	15	14
	232	173	59
	236	20	216
	365	180	185
	76	79	-3
	77	133	-56
	766	48	718
	513	453	60
	272	671	-399
	228	377	-149
	1,967	2,100	-133
	893	652	241
	2,424	287	2,137
	3,155	1,718	1,437
	7,493	6,032	1,461
	30	14	16
	1,449	1,496	-47
	13,520	1,728	11,792
	3,799	293	3,506
	7,341	626	6,715
	2,390	1,260	1,130
	1,024	61	963
	7,406	1,604	5,802
	826	474	352
	2,643	1,099	1,544
	2,671	2,145	526
	3,053	952	2,101
	254	154	100
	3,050	1,792	1,258
	5,151	5,030	121
	76,965	74,300	2,665
	102,599	47,399	55,200
	9	9
	9	8	1
	7,633	379	7,254
	2,536	2,041	495
	9,732	12,554	-2,822
	5,437	3,376	2,061
	2,999	1,099	1,900
	2,547	2,677	-130
	497	436	61
	24,822	25,234	-412
	7,560	740	6,820
	2,036	1,875	161
	9,938	9,938
	14,907	15,450	-543
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556
			13,556

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			136
b			113
c			8
d			10
e			-47
			-225
			258
			-17
			-33
			140
			-263
			139
			31
			207
			58
			319
			13
			255
			8
			31
			-47
			422
			237
			37
			32
			36
			-34
			-13
			52
			-44
			980
			-1,167
			-9
			11,246
			4,575
			1,206
			4,540
			12,823
			-65
			1,829
			1,358
			299
			1,718
			-13
			3,660
			-106
			485
			21
			1,929
			-377
			8,039
			9
			-96
			1,100
			-2,703
			7,846
			-121
			684
			343
			412
			2,319
			31
			18
			-109
			302
			-684
			2,326
			-113
			-119
			-28
			-231
			-458
			433
			-266
			154
			-82
			-23
			74
			-267
			99
			20
			305
			423
			63
			1
			121
			9
			18
			-10
			754
			-128
			250
			1,377
			2,017
			-123
			287
			-37
			1,133
			11
			980
			-6
			-54
			-15
			23
			-120
			300
			28
			-17
			108
			5
			-36
			-56
			26
			-55
			-166
			28
			1,314
			9
			998
			105
			467
			13
			660
			5,712
			-49
			138
			736
			-350
			11,742
			3,374
			11,485
			2,076
			2,224
			32
			1,567
			4,452
			-447
			147
			7,045
			2,444
			3,164
			6,842
			77

			-314
			-26
			2,475
			112
			2,078
			2,364
			66
			2,144
			4,295
			13
			11
			1,683
			118
			216
			2,018
			-791
			983
			12
			7,499
			177
			-10
			71
			-108
			352
			-46
			54
			82
			89
			5
			18
			40
			512
			-15
			200
			82
			43
			-47
			4
			-100
			-37
			-4
			7
			-23
			10
			49
			15
			15,910
			13
			445
			-3,749
			-705
			6,114
			277
			328
			5,332
			903
			77
			4,715
			14
			59
			216
			185
			-3
			-56
			718
			60
			-399
			-149
			-133
			241
			2,137
			1,437
			1,461
			16
			-47
			11,792
			3,506
			6,715
			1,130
			963
			5,802
			352
			1,544
			526
			2,101
			100
			1,258
			121
			2,665
			55,200

			1
			7,254
			495
			-2,822
			2,061
			1,900
			-130
			61
			-412
			6,820
			161

			-543

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	323,680
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 .........................		3

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	5,493
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	5,493
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	5,493
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	3,392
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	3,392
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	2,101
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)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

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

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

on foundation managers.$

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

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

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

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

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

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

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

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

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

Yes

Website addressN/A

The books are in care ofWELLS FARGO BANK NA Telephone no. (800) 352-3705

Located at100 N MAIN ST FL 5D4001-052WINSTON SALEMNC ZIP+427101

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

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

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

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

16 No

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

Form 990-PF (2025)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

(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)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2025)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
WELLS FARGO BANK N A	TRUSTEE 1	78,502
100 N MAIN ST FL 5D4001-052 WINSTON SALEM,NC27101	TRUSTEE 1	78,502

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


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









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

Form 990-PF (2025)

Page 7

Part VII

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

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

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2025)

Page 8

Part IX

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

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

purposes:

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

6,571,326

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

154,093

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

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

6,725,419

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

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

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

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

6,725,419

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

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

100,881

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

6,624,538

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

331,227

Part X

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

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

331,227

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

5,493

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

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

5,493

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

325,734

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

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

325,734

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

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

325,734

Part XI

Qualifying Distributions (see instructions)

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

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

269,636

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

269,636

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					325,734
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				171,303
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: $ 269,636
a Applied to 2024, but not more than line 2a				171,303
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.....					98,333
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 ..........					227,401
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)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2025)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
REISTERSTOWN UNITED METHODIST CHURCH 246 MAIN STREET REISTERSTOWN,MD21136	NONE		GENERAL OPERATING	260,000
Total ................................. 3a				260,000

bApproved for future payment

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

Form 990-PF (2025)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	146,435
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	323,680
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			1	3,945
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				474,060

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

474,060

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2025)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2025)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
912828M56 US TREASURY NOTE
912828U24 US TREASURY NOTE 2.0	47,127	49,340
25389JAR7 DIGITAL REALTY TRUST	10,567	9,946
867914BS1 SUNTRUST BANKS INC
9128283W8 US TREASURY NOTE	58,919	59,095
29444UBL9 EQUINIX INC	18,762	18,971
693475AZ8 PNC FINANCIAL SERVIC	19,724	18,821
9128286X3 US TREASURY NOTE	14,233	14,910
254687FL5 WALT DISNEY COMPANY/	23,454	23,375
9128285M8 US TREASURY NOTE	60,954	59,330
9128286T2 US TREASURY NOTE 2.3	39,380	38,459
46625HRV4 JPMORGAN CHASE & CO
036752AB9 ANTHEM INC	19,558	19,904
20030NCT6 COMCAST CORP	21,925	20,108
06051GGA1 BANK OF AMERICA CORP	20,202	19,814
14040HBN4 CAPITAL ONE FINANCIA	19,790	19,940
961214DW0 WESTPAC BANKING CORP	25,766	24,801
9128286A3 US TREASURY NOTE
38148LAE6 GOLDMAN SACHS GROUP
61746BEF9 MORGAN STANLEY	21,001	19,948
126650DM9 CVS HEALTH CORP	9,438	9,566
91282CBL4 US TREASURY NOTE	44,962	44,022
9128282R0 US TREASURY NOTE	37,238	39,222
91282CDY4 US TREASURY NOTE 1.8	50,740	53,510
120568BB5 BUNGE LTD FINANCE CO
49326EEJ8 KEYCORP	8,088	9,440
110122DP0 BRISTOL-MYERS SQUIBB	9,039	9,547
548661DY0 LOWE'S COS INC	15,664	17,764
023135CH7 AMAZON.COM INC	9,326	9,696
337738BH0 FISERV INC	9,913	10,312
91282CGQ8 US TREASURY NOTE	34,852	35,446
91282CHT1 US TREASURY NOTE	23,852	24,792
00287YBX6 ABBVIE INC	14,120	14,547
166764BY5 CHEVRON CORP	26,435	27,821
24422EXE4 JOHN DEERE CAPITAL	15,707	15,723
458140CG3 INTEL CORP	10,017	10,189
78016FZX5 ROYAL BANK OF CANADA	19,512	20,589
91282CJZ5 US TREASURY NOTE	29,045	29,906
91282CLF6 US TREASURY NOTE	19,225	19,692
92343VGJ7 VERIZON COMMUNICATIO	8,429	9,132
120568BC3 BUNGE LTD FINANCE CO	8,708	9,182
459200KY6 IBM CORP	15,055	15,231
46647PDK9 VR JPMORGAN CHASE &	21,230	21,144
91159HJQ4 VR US BANCORP	10,251	10,357
91282CMM0 US TREASURY NOTE	30,887	31,140
91282CMR9 US TREASURY NOTE	14,809	15,212
91282CPJ4 US TREASURY NOTE	24,657	24,641

Name of Stock	End of Year Book Value	End of Year Fair Market Value
235851102 DANAHER CORP	9,763	19,458
21036P108 CONSTELLATION BRANDS
697435105 PALO ALTO NETWORKS I	2,403	18,420
90384S303 ULTA BEAUTY INC	7,373	18,150
17275R102 CISCO SYSTEMS INC
532457108 ELI LILLY & CO COM	9,321	61,257
907818108 UNION PACIFIC CORP	6,169	12,260
46625H100 JPMORGAN CHASE & CO	3,699	32,866
892356106 TRACTOR SUPPLY CO CO	1,945	11,002
56501R106 MANULIFE FINANCIAL C	5,579	15,274
150870103 CELANESE CORP
92826C839 VISA INC-CLASS A SHR	19,500	55,061
101137107 BOSTON SCIENTIFIC CO	3,432	18,403
278865100 ECOLAB INC	16,202	23,627
097023105 BOEING CO	16,188	22,580
94106L109 WASTE MANAGEMENT INC	11,001	16,698
09857L108 BOOKING HOLDINGS INC
09260D107 BLACKSTONE INC	9,152	19,268
02079K107 ALPHABET INC CL C	7,968	158,469
H2906T109 GARMIN LTD	4,604	9,737
609207105 MONDELEZ INTERNATION	8,748	10,335
G29183103 EATON CORP PLC	4,766	13,696
G1151C101 ACCENTURE PLC
34964C106 FORTUNE BRANDS INNOV
594918104 MICROSOFT CORP	27,588	206,506
883556102 THERMO FISHER SCIENT	7,737	16,225
904767704 UNILEVER PLC - ADR
87612E106 TARGET CORP
867224107 SUNCOR ENERGY INC NE	12,130	21,204
92532F100 VERTEX PHARMACEUTICA	5,751	15,868
037833100 APPLE INC	12,439	190,302
192446102 COGNIZANT TECH SOLUT
89151E109 TOTALENERGIES SE -SP
91324P102 UNITEDHEALTH GROUP I	19,322	12,874
11135F101 BROADCOM INC	8,221	120,443
75513E101 RTX CORP	8,468	21,091
67066G104 NVIDIA CORP	57,085	234,058
252131107 DEXCOM INC	14,677	15,398
983793100 XPO INC	7,121	19,571
73278L105 POOL CORPORATION
30303M102 META PLATFORMS INC	15,747	97,693
911312106 UNITED PARCEL SERVIC
58933Y105 MERCK & CO INC NEW
172967424 CITIGROUP INC.	9,203	23,688
00287Y109 ABBVIE INC	8,616	18,051
617446448 MORGAN STANLEY	4,384	16,333
896239100 TRIMBLE INC
016255101 ALIGN TECHNOLOGY INC
78409V104 S&P GLOBAL INC	5,809	17,245
81762P102 SERVICENOW INC	7,267	16,851
45866F104 INTERCONTINENTAL EXC	1,768	11,013
79466L302 SALESFORCE INC	23,637	35,233
169656105 CHIPOTLE MEXICAN GRI	9,180	13,431
023135106 AMAZON COM INC COM	59,427	138,954
64110L106 NETFLIX INC	12,864	23,440
893641100 TRANSDIGM GROUP INC	4,285	17,288
679295105 OKTA INC	23,573	17,899
46120E602 INTUITIVE SURGICAL I	11,955	24,353
437076102 HOME DEPOT INC	11,846	12,388
7591EP100 REGIONS FINL CORP NE	7,490	10,542
00724F101 ADOBE INC	34,734	27,649
007903107 ADVANCED MICRO DEVIC	6,505	16,276
127387108 CADENCE DESIGN SYSTE	12,479	17,817
13646K108 CANADIAN PACIFIC KAN	11,897	15,462
580135101 MCDONALDS CORP	13,827	14,976
855244109 STARBUCKS CORP COM	10,105	8,505
88339J105 TRADE DESK INC/THE	15,162	9,338
032654105 ANALOG DEVICES INC	24,170	28,476
040413205 ARISTA NETWORKS INC	6,032	26,075
09290D101 BLACKROCK INC	4,703	16,055
219948106 CORPAY INC	9,655	11,736
22160N109 COSTAR GROUP, INC
23804L103 DATADOG INC	19,799	20,670
43300A203 HILTON WORLDWIDE HOL	12,143	16,661
49338L103 KEYSIGHT TECHNOLOGIE	11,413	13,614
512807306 LAM RESH CORP	1,253	14,208
571748102 MARSH & MCLENNAN COS	15,742	13,357
64125C109 NEUROCRINE BIOSCIENC	13,279	14,041
92537N108 VERTIV HOLDINGS LLC	6,182	14,581
G87052109 TE CONNECTIVITY PLC	4,258	13,196
002824100 ABBOTT LABS	13,622	12,654
084670702 BERKSHIRE HATHAWAY I	12,075	11,561
36828A101 GE VERNOVA INC	13,522	14,379
620076307 MOTOROLA SOLUTIONS,	15,992	14,566
68389X105 ORACLE CORPORATION	19,858	14,228
90353T100 UBER TECHNOLOGIES IN	33,551	35,217
904767803 UNILEVER PLC ADR	8,721	9,825
931142103 WALMART INC	20,630	24,844
98419M100 XYLEM INC/NY	13,016	14,435
F92124100 TOTALENERGIES SE	15,598	19,888
L8681T102 SPOTIFY TECHNOLOGY S	17,744	13,937
M7S64H106 MONDAY.COM LTD	14,268	11,067
N07059210 ASML HOLDING NV-NY R	8,864	13,908
N5505D105 MAGNUM ICE CREAM CO		13

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
46434V803 ISHA CURR HEDGED MSC	AT COST	60,098	93,060
78463V107 SPDR GOLD SHARES ETF
46090F100 INVESCO OPTIMUM YIEL	AT COST	85,636	87,450
464287481 ISHARES RUSSELL MID-	AT COST	87,661	284,151
90274D374 ETRACS ALERIAN MLP I
00143W859 INV OPP DEVELOP MRKT
464287630 ISHARES RUSSELL 2000	AT COST	40,192	104,196
464287473 ISHARES RUSSELL MID-	AT COST	137,752	225,680
02508H311 AMER CENT SM CAP GRW	AT COST	61,331	164,389
921943858 VANGUARD FTSE DEVELO	AT COST	141,731	277,992
64128R608 NEUBERGER BERMAN LON	AT COST	135,587	213,308
89155T490 TOUCHSTONE MID CAP-R	AT COST	44,623	101,837
464287200 ISHARES CORE S & P 5	AT COST	92,444	273,976
78462F103 SPDR S & P 500 ETF T	AT COST	81,973	289,816
74256W485 PRINCIPAL PREFERRED	AT COST	94,553	89,311
464287655 ISHARES RUSSELL 2000	AT COST	56,118	116,926
30254T643 FPA NEW INCOME FUND-	AT COST	197,951	201,347
33739H101 FIRST TRUST GLOBAL T	AT COST	95,496	92,920
381430107 GOLDMAN SACHS ACTIVE	AT COST	150,228	183,569
464288281 ISHARES JP MORGAN US	AT COST	242,246	259,956
74440Y884 PGIM HIGH YIELD-Q 10	AT COST	140,147	144,620
46434G103 ISHARES CORE MSCI EM	AT COST	121,744	134,440
98149E303 SPDR GOLD MINISHARES	AT COST	102,584	110,981

Description	Amount
CY PURCHASE OF ACCRUED INTEREST	420
ROC ON CY SALES	8
PY RETURN OF CAPITAL ADJUSTMENT	619
COST BASIS ADJUSTMENT	533

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT EXPENSES - ADR FEES	15	15		0
INVESTMENT EXPENSES - PROCEEDS	293	293		0

Description	Amount
MUTUAL FUND TIMING ADJ	1,198
PY PURCHASE OF ACCRUED INTEREST	206
TAX LOT BASIS ADJUSTMENT	416

Category	Amount	Net Investment Income
FOREIGN TAXES	1,674	1,674
FEDERAL TAX PAYMENT - PRIOR YE	1,530	0
FEDERAL ESTIMATES - PRINCIPAL	2,595	0
FOREIGN TAXES ON NONQUALIFIED	502	502