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
WALTER & FREDERICA EVANS TR

Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 64193
Room/suite

City or town
EAGAN

State or province
MN

Country

ZIP or foreign postal code
55164

A Employer identification number

43-6390422

B Telephone number (see instructions)

8882657962

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)$14,040,849J 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...	372,180		363,848
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,172,498
b	Gross sales price for all assets on line 6a 6,315,076
7	Capital gain net income (from Part IV, line 2)...			1,172,498
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	181	181
12	Total. Add lines 1 through 11........	1,544,859		1,536,527
13	Compensation of officers, directors, trustees, etc.	105,389		94,851		10,539
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	1,500	0	0	1,500
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	15,939	6,948		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).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	122,828		101,799	0	12,039
25	Contributions, gifts, grants paid.......	393,820				393,820
26	Total expenses and disbursements. Add lines 24 and 25 ................	516,648		101,799	0	405,859
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,028,211
b	Net investment income (if negative, enter -0-)			1,434,728
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.........	259,909	189,356	189,356
	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).......	1,833,957	List of Attached Documents: // Content 1,726,824	3,586,256
	c	Investments—corporate bonds (attach schedule).......	342,200	List of Attached Documents: // Content 228,092	226,756
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	7,358,753	List of Attached Documents: // Content 8,676,794	10,031,944
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 7,620	List of Attached Documents: // Content 6,537	List of Attached Documents: // Content 6,537
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,802,439	10,827,603	14,040,849
	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........	9,802,439	10,827,603
	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).....	9,802,439	10,827,603
	30	Total liabilities and net assets/fund balances (see instructions).	9,802,439	10,827,603

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) ...............

9,802,439

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

1,028,211

Other increases not included in line 2 (itemize)

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

10,830,650

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

List of Attached Documents:

// Content

3,050

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

10,827,600

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	1. MCKESSON CORPORATION		1911-11-11	2025-01-02
b	388. ALBEMARLE CORP			2025-02-04
c	1. ALPHABET INC CL A		2023-06-08	2025-02-04
d	11. AMAZON.COM INC		2023-01-26	2025-02-04
e	6. AMERICAN TOWER CORP		2024-05-29	2025-02-04
	131. BANK OF AMERICA CORP		2023-06-08	2025-02-04
	56. COTERRA ENERGY INC		2024-08-23	2025-02-04
	794. CENTENE CORP COM			2025-02-04
	73. COPART INC COM		2020-05-04	2025-02-04
	1. COSTCO WHSL CORP NEW COMMON STOCK		2018-03-27	2025-02-04
	421. EDWARDS LIFESCIENCES CORP COM			2025-02-04
	1. EQUINIX INC		2024-08-23	2025-02-04
	1. META PLATFORMS INC		2018-03-27	2025-02-04
	18. HOME DEPOT INC		2021-04-30	2025-02-04
	11. INTUIT COM		2020-05-04	2025-02-04
	20. ISHARES CORE U.S. AGGREGATE BOND ETF		2022-06-17	2025-02-04
	4. ISHARES RUSSELL MID CAP ETF		2019-05-28	2025-02-04
	94. ISHARES CORE MSCI EAFE ETF		2024-12-09	2025-02-04
	180. J P MORGAN CHASE & CO		2020-05-04	2025-02-04
	824. WESTERN ASSET INCOME IS		2024-11-13	2025-02-04
	8. MASTERCARD INC		2020-05-04	2025-02-04
	45. MICROSOFT CORP		2017-01-17	2025-02-04
	332. NEXTERA ENERGY INC		2024-05-29	2025-02-04
	47. NVIDIA CORP COM		2022-10-19	2025-02-04
	158. SALESFORCE INC		2020-05-04	2025-02-04
	91. SCHLUMBERGER LTD		2024-05-29	2025-02-04
	3. SERVICENOW INC		2022-06-17	2025-02-04
	3. TRANSDIGM GROUP INC		2020-05-04	2025-02-04
	10. UNITEDHEALTH GROUP INC COM		2017-03-14	2025-02-04
	464. WAL MART STORES INC			2025-02-04
	8. EATON CORP PLC SHS		2024-08-23	2025-02-04
	1. MOHAWK INDS INC COM		2025-01-01	2025-03-03
	1940.302 ARTISAN HIGH INCOME FUND		2024-09-16	2025-03-11
	291. BANK OF AMERICA CORP		2023-06-08	2025-03-11
	247. EXACT SCIENCES CORPORATION		2025-02-04	2025-03-11
	2017.99806 ISHARES CORE U.S. AGGREGATE BOND ETF			2025-03-11
	1107.00194 ISHARES CORE U.S. AGGREGATE BOND ETF		2022-06-17	2025-03-11
	82. ISHARES 20 YEAR TREASURY BOND ETF		2024-11-13	2025-03-11
	558. ISHARES MSCI EAFE VALUE ETF		2018-09-26	2025-03-11
	937. ISHARES CORE MSCI EAFE ETF			2025-03-11
	805. ISHARES CORE MSCI EMERGING MKTS ETF		2024-12-09	2025-03-11
	2168.019 WESTERN ASSET INCOME IS		2024-11-13	2025-03-11
	55. LULULEMON ATHLETICA INC		2022-10-19	2025-03-11
	401.90122 PGIM TOTAL RETURN BOND CL R6		2024-09-16	2025-03-11
	6.35878 PGIM TOTAL RETURN BOND CL R6		2024-09-16	2025-03-11
	361. SCHLUMBERGER LTD		2024-05-29	2025-03-11
	825. SCHWAB US REIT ETF			2025-03-11
	378. TARGET CORP			2025-03-11
	207. UBER TECHNOLOGIES INC		2022-10-19	2025-03-11
	236. VANGUARD TOTAL WORLD STOCK INDEX ETF		2024-11-13	2025-03-11
	304. ZILLOW GROUP INC		2024-05-29	2025-03-11
	23. ZILLOW GROUP INC		2022-01-14	2025-03-11
	1. RECKITT BENCKISER GROUP PLC		1911-11-11	2025-04-03
	29. ADOBE SYS INC		2024-05-29	2025-04-30
	103. ADVANCED MICRO DEVICES INC COM		2025-03-11	2025-04-30
	5. ADVANCED MICRO DEVICES INC COM		2023-01-26	2025-04-30
	78. ALPHABET INC CL A		2025-03-11	2025-04-30
	76. ALPHABET INC CL A		2023-06-08	2025-04-30
	78. AMAZON.COM INC		2025-03-11	2025-04-30
	76. AMAZON.COM INC		2023-01-26	2025-04-30
	1578.121 AMERICAN BEACON STEPHENS MID CAP GR		2025-03-11	2025-04-30
	13371.061 AMERICAN BEACON STEPHENS MID CAP GR		2019-05-28	2025-04-30
	28. AMERICAN TOWER CORP		2024-02-02	2025-04-30
	89. APPLE COMPUTER INC		2025-03-11	2025-04-30
	85. APPLE COMPUTER INC			2025-04-30
	254. BANK OF AMERICA CORP		2023-06-08	2025-04-30
	9. BLACKROCK INC COM		2022-10-19	2025-04-30
	161. COTERRA ENERGY INC			2025-04-30
	39. CHEVRONTEXACO CORP		2025-03-11	2025-04-30
	127. COPART INC COM		2020-05-04	2025-04-30
	7. COSTCO WHSL CORP NEW COMMON STOCK		2018-03-27	2025-04-30
	73. DANAHER CORP		2025-02-04	2025-04-30
	269. DRAFTKINGS INC NEW		2025-02-04	2025-04-30
	6. EQUINIX INC			2025-04-30
	469. EXACT SCIENCES CORPORATION		2025-02-04	2025-04-30
	17. META PLATFORMS INC		2025-03-11	2025-04-30
	19. META PLATFORMS INC		2018-03-27	2025-04-30
	21. HOME DEPOT INC		2025-03-11	2025-04-30
	17. HOME DEPOT INC		2021-04-30	2025-04-30
	7. INTUIT COM		2020-05-04	2025-04-30
	1352. ISHARES 20 YEAR TREASURY BOND ETF		2024-11-13	2025-04-30
	4086. ISHARES RUSSELL MIDCAP VALUE ETF			2025-04-30
	420. ISHARES RUSSELL MID CAP ETF		2025-03-11	2025-04-30
	9004. ISHARES RUSSELL MID CAP ETF			2025-04-30
	349. ISHARES RUSSELL 2000 ETF		2025-03-11	2025-04-30
	2738. ISHARES RUSSELL 2000 ETF			2025-04-30
	383. ISHARES MSCI EAFE VALUE ETF		2018-09-26	2025-04-30
	452. ISHARES CORE MSCI EAFE ETF		2023-05-25	2025-04-30
	42. ISHARES CORE MSCI EMERGING MKTS ETF		2024-12-09	2025-04-30
	100. ISHARES CORE MSCI EMERGING MKTS ETF		2020-01-23	2025-04-30
	52. J P MORGAN CHASE & CO			2025-04-30
	25. L3HARRIS TECHNOLOGIES INC		2025-02-04	2025-04-30
	48498.741 WESTERN ASSET INCOME IS		2024-11-13	2025-04-30
	381. CLEARBRIDGE INTERNATIONAL GROWTH		2019-05-28	2025-04-30
	16. LILLY ELI & CO			2025-04-30
	32. MARATHON PETROLEUM CORP		2024-06-20	2025-04-30
	8. MASTERCARD INC		2020-05-04	2025-04-30
	7. MERCADOLIBRE INC		2025-03-11	2025-04-30
	84. MICROSOFT CORP		2017-01-17	2025-04-30
	85. MICRON TECHNOLOGY INC		2025-02-04	2025-04-30
	98. NEXTERA ENERGY INC		2024-05-29	2025-04-30
	333. NVIDIA CORP COM			2025-04-30
	267. PALO ALTO NETWORKS INC		2022-06-17	2025-04-30
	12. S P GLOBAL INC COM		2019-05-28	2025-04-30
	176. SCHLUMBERGER LTD		2024-05-29	2025-04-30
	458. SCHLUMBERGER LTD		2024-02-02	2025-04-30
	170. SCHWAB CHARLES CORP		2024-12-09	2025-04-30
	15. SERVICENOW INC			2025-04-30
	112. BLOCK INC		2025-02-04	2025-04-30
	25. SYNOPSYS INC		2024-02-02	2025-04-30
	26. TALEN ENERGY CORP COM		2025-03-11	2025-04-30
	119. TRADE DESK INC THE CLASS A		2025-03-11	2025-04-30
	8. TRANSDIGM GROUP INC		2020-05-04	2025-04-30
	184. UBER TECHNOLOGIES INC		2022-10-19	2025-04-30
	24. UNITEDHEALTH GROUP INC COM			2025-04-30
	28. VEEVA SYSTEMS INC-CLASS A			2025-04-30
	136. VERTIV HOLDINGS CO		2024-06-20	2025-04-30
	68. WAL MART STORES INC		2016-02-03	2025-04-30
	30. EATON CORP PLC SHS		2024-08-23	2025-04-30
	16. LINDE PLC		2025-02-04	2025-04-30
	6000. ANHEUSER BUSCH MTN 4.000% 4/13/28		2018-03-23	2025-05-30
	9. ADOBE SYS INC		2025-03-11	2025-07-03
	43. ADVANCED MICRO DEVICES INC COM		2023-01-26	2025-07-03
	62. ALPHABET INC CL A		2023-06-08	2025-07-03
	61. AMAZON.COM INC		2023-01-26	2025-07-03
	7. AMERICAN TOWER CORP		2024-02-02	2025-07-03
	73. APPLE COMPUTER INC		2019-05-28	2025-07-03
	101. BANK OF AMERICA CORP		2023-06-08	2025-07-03
	3. BLACKROCK INC COM		2022-10-19	2025-07-03
	61. COTERRA ENERGY INC		2024-08-23	2025-07-03
	14. CHEVRONTEXACO CORP		2025-03-11	2025-07-03
	50. COPART INC COM		2025-03-11	2025-07-03
	1. COSTCO WHSL CORP NEW COMMON STOCK		2018-03-27	2025-07-03
	28. DANAHER CORP		2025-02-04	2025-07-03
	109. DRAFTKINGS INC NEW		2024-05-29	2025-07-03
	3. EQUINIX INC		2024-08-23	2025-07-03
	12. META PLATFORMS INC		2018-03-27	2025-07-03
	3. INTUIT COM		2020-05-04	2025-07-03
	479. ISHARES CORE MSCI EMERGING MKTS ETF		2020-01-23	2025-07-03
	23. J P MORGAN CHASE & CO		2017-02-09	2025-07-03
	13. L3HARRIS TECHNOLOGIES INC		2025-02-04	2025-07-03
	7. LILLY ELI & CO		2025-02-04	2025-07-03
	73. MARATHON PETROLEUM CORP		2025-03-11	2025-07-03
	118. MARATHON PETROLEUM CORP		2024-06-20	2025-07-03
	6. MASTERCARD INC			2025-07-03
	1. MERCADOLIBRE INC		2025-03-11	2025-07-03
	35. MICROSOFT CORP		2017-01-17	2025-07-03
	34. MICRON TECHNOLOGY INC		2025-02-04	2025-07-03
	35. NEXTERA ENERGY INC		2025-03-11	2025-07-03
	138. NVIDIA CORP COM		2022-10-19	2025-07-03
	25. PALO ALTO NETWORKS INC		2022-06-17	2025-07-03
	3. S P GLOBAL INC COM		2024-05-29	2025-07-03
	597. SCHLUMBERGER LTD		2024-02-02	2025-07-03
	439. SCHWAB CHARLES CORP		2023-06-08	2025-07-03
	6. SERVICENOW INC		2018-03-27	2025-07-03
	47. BLOCK INC		2025-02-04	2025-07-03
	1. SYNOPSYS INC		2025-03-11	2025-07-03
	45. SYNOPSYS INC		2024-02-02	2025-07-03
	13. TALEN ENERGY CORP COM		2025-03-11	2025-07-03
	73. UBER TECHNOLOGIES INC		2022-10-19	2025-07-03
	10. UNITEDHEALTH GROUP INC COM		2024-05-29	2025-07-03
	399. VANGUARD RUSSELL 2000 INDEX FUND ETF		2025-04-30	2025-07-03
	70. VEEVA SYSTEMS INC-CLASS A		2024-05-29	2025-07-03
	177. VANGUARD MID CAP ETF		2025-04-30	2025-07-03
	9. VERTIV HOLDINGS CO		2024-09-16	2025-07-03
	251. VERTIV HOLDINGS CO		2024-06-20	2025-07-03
	31. WAL MART STORES INC		2016-02-03	2025-07-03
	9. EATON CORP PLC SHS		2024-08-23	2025-07-03
	3. LINDE PLC		2025-02-04	2025-07-03
	100000. U S TREASURY BD 6.875 08/15/2025		1996-04-02	2025-08-15
	3. ADOBE SYS INC		2025-03-11	2025-08-18
	10. ADVANCED MICRO DEVICES INC COM		2023-01-26	2025-08-18
	14. ALPHABET INC CL A		2023-06-08	2025-08-18
	14. AMAZON.COM INC		2023-01-26	2025-08-18
	2. AMERICAN TOWER CORP		2025-03-11	2025-08-18
	16. APPLE COMPUTER INC		2019-05-28	2025-08-18
	13. BAKER HUGHES COMPANY		2025-07-03	2025-08-18
	23. BANK OF AMERICA CORP		2023-06-08	2025-08-18
	16. COTERRA ENERGY INC		2024-08-23	2025-08-18
	2. CHENIERE ENERGY INC		2025-07-03	2025-08-18
	3. CHEVRONTEXACO CORP		2025-03-11	2025-08-18
	12. COPART INC COM		2025-03-11	2025-08-18
	6. DANAHER CORP		2025-02-04	2025-08-18
	24. DRAFTKINGS INC NEW		2024-05-29	2025-08-18
	3. META PLATFORMS INC		2018-03-27	2025-08-18
	1. INTUIT COM		2020-05-04	2025-08-18
	1. INTUITIVE SURGICAL INC NEW		2025-07-03	2025-08-18
	6377. ISHARES CORE U.S. AGGREGATE BOND ETF		2025-04-30	2025-08-18
	141. ISHARES CORE MSCI EMERGING MKTS ETF		2020-01-23	2025-08-18
	5. J P MORGAN CHASE & CO		2017-02-09	2025-08-18
	2. L3HARRIS TECHNOLOGIES INC		2025-02-04	2025-08-18
	2. LILLY ELI & CO		2025-02-04	2025-08-18
	1. MASTERCARD INC		2017-02-09	2025-08-18
	7. MICROSOFT CORP		2017-01-17	2025-08-18
	8. MICRON TECHNOLOGY INC		2025-02-04	2025-08-18
	8. NEXTERA ENERGY INC			2025-08-18
	29. NVIDIA CORP COM		2022-10-19	2025-08-18
	10. OKTA INC		2025-07-03	2025-08-18
	5. PALO ALTO NETWORKS INC		2025-02-04	2025-08-18
	1. S P GLOBAL INC COM		2024-05-29	2025-08-18
	9. SCHWAB CHARLES CORP		2023-06-08	2025-08-18
	1. SERVICENOW INC		2018-03-27	2025-08-18
	10. BLOCK INC		2025-02-04	2025-08-18
	296. STONE RIDGE HY REINSUR-I		2024-05-29	2025-08-18
	2. SYNOPSYS INC		2025-03-11	2025-08-18
	3. TALEN ENERGY CORP COM		2025-03-11	2025-08-18
	14. TRADE DESK INC THE CLASS A		2025-07-03	2025-08-18
	1. TRANSDIGM GROUP INC		2020-05-04	2025-08-18
	16. UBER TECHNOLOGIES INC		2022-10-19	2025-08-18
	2. UNITEDHEALTH GROUP INC COM		2024-05-29	2025-08-18
	45. VANGUARD RUSSELL 2000 INDEX FUND ETF		2025-04-30	2025-08-18
	1. VEEVA SYSTEMS INC-CLASS A		2024-05-29	2025-08-18
	8. VERTIV HOLDINGS CO		2024-09-16	2025-08-18
	7. WAL MART STORES INC		2016-02-03	2025-08-18
	3. EATON CORP PLC SHS		2024-08-23	2025-08-18
	1. LINDE PLC		2025-02-04	2025-08-18
	30. ADOBE SYS INC		2025-03-11	2025-09-11
	121. ADOBE SYS INC			2025-09-11
	1. SANDISK CORP		1911-11-11	2025-09-12
	1. COTERRA ENERGY INC		2024-08-23	2025-09-22
	1423. ISHARES CORE MSCI EMERGING MKTS ETF		2020-01-23	2025-09-22
	794. DRAFTKINGS INC NEW			2025-10-15
	684. DRAFTKINGS INC NEW		2024-05-29	2025-10-15
	623. BLOCK INC			2025-10-15
	1. MOHAWK INDS INC COM		1911-11-11	2025-12-02
	6000. BP CAP MARKETS 3.119% 5/04/26		2016-11-22	2025-12-18
	2. COPART INC COM		2025-03-11	2025-12-19
	686. COPART INC COM		2020-05-04	2025-12-19
	10240. SCHWAB U S TIPS ETF		2025-08-18	2025-12-19
	378. TRADE DESK INC THE CLASS A			2025-12-19
	510. TRADE DESK INC THE CLASS A		2024-04-05	2025-12-19
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	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	58		58
b	31,682	27,561	4,121
c	204	122	82
d	2,627	1,084	1,543
e	1,093	1,112	-19
	6,083	3,844	2,239
	1,567	1,360	207
	47,857	50,346	-2,489
	4,213	1,403	2,810
	1,004	187	817
	29,988	34,073	-4,085
	905	824	81
	693	155	538
	7,310	5,821	1,489
	6,641	2,918	3,723
	1,940	2,011	-71
	367	214	153
	6,881	7,022	-141
	48,184	16,405	31,779
	4,178	4,141	37
	4,493	2,148	2,345
	18,465	2,810	15,655
	23,196	25,466	-2,270
	5,567	564	5,003
	54,313	25,355	28,958
	3,676	4,182	-506
	3,051	1,351	1,700
	3,916	860	3,056
	5,444	1,699	3,745
	46,321	10,508	35,813
	2,516	2,396	120
	536		536
	17,637	17,696	-59
	11,539	8,538	3,001
	11,142	13,615	-2,473
	198,777	199,245	-468
	109,042	111,311	-2,269
	7,417	7,370	47
	32,737	29,456	3,281
	71,318	62,586	8,732
	43,417	45,150	-1,733
	10,970	10,868	102
	17,612	16,520	1,092
	4,827	4,979	-152
	76	79	-3
	14,510	16,590	-2,080
	17,551	18,425	-874
	42,825	43,851	-1,026
	14,791	5,662	9,129
	27,347	28,458	-1,111
	20,830	11,708	9,122
	1,576	1,222	354
	131		131
	10,709	14,001	-3,292
	9,767	10,051	-284
	474	374	100
	12,185	12,787	-602
	11,872	9,282	2,590
	14,077	15,341	-1,264
	13,716	7,492	6,224
	57,507	55,771	1,736
	487,241	337,084	150,157
	6,268	5,356	912
	18,675	19,617	-942
	17,835	11,125	6,710
	10,010	7,452	2,558
	8,118	5,245	2,873
	3,931	4,124	-193
	5,260	6,020	-760
	7,646	2,441	5,205
	6,909	1,308	5,601
	14,447	15,430	-983
	8,801	10,812	-2,011
	5,090	4,978	112
	21,166	25,851	-4,685
	9,123	10,307	-1,184
	10,196	2,946	7,250
	7,460	7,737	-277
	6,039	5,498	541
	4,330	1,857	2,473
	121,243	121,511	-268
	496,108	350,569	145,539
	34,916	35,358	-442
	748,527	456,287	292,240
	67,430	70,059	-2,629
	529,010	407,187	121,823
	23,272	20,218	3,054
	35,431	30,178	5,253
	2,261	2,356	-95
	5,384	5,389	-5
	12,546	4,656	7,890
	5,481	5,317	164
	242,009	242,509	-500
	26,944	18,280	8,664
	14,288	13,075	1,213
	4,309	5,666	-1,357
	4,315	2,148	2,167
	15,795	13,968	1,827
	32,599	5,246	27,353
	6,360	7,611	-1,251
	6,470	7,517	-1,047
	35,168	37,196	-2,028
	49,463	21,289	28,174
	5,937	2,581	3,356
	5,747	8,088	-2,341
	14,955	22,368	-7,413
	13,664	13,948	-284
	14,141	5,336	8,805
	6,399	9,861	-3,462
	11,300	13,730	-2,430
	5,573	4,581	992
	6,296	7,056	-760
	11,168	2,293	8,875
	14,597	5,033	9,564
	9,818	11,549	-1,731
	6,436	6,093	343
	11,338	12,335	-997
	6,566	1,530	5,036
	8,643	8,984	-341
	7,213	7,297	-84
	6,000	5,998	2
	3,435	3,949	-514
	5,934	3,218	2,716
	11,085	7,572	3,513
	13,620	6,013	7,607
	1,554	1,339	215
	15,646	3,268	12,378
	4,942	2,963	1,979
	3,233	1,748	1,485
	1,525	1,481	44
	2,080	2,161	-81
	2,457	2,650	-193
	985	187	798
	5,677	5,918	-241
	4,436	3,958	478
	2,369	2,473	-104
	8,626	1,860	6,766
	2,346	796	1,550
	29,006	25,812	3,194
	6,795	1,990	4,805
	3,327	2,765	562
	5,436	5,674	-238
	12,835	9,790	3,045
	20,746	20,892	-146
	3,405	964	2,441
	2,497	1,995	502
	17,487	2,186	15,301
	4,185	3,045	1,140
	2,606	2,579	27
	22,009	1,657	20,352
	5,056	1,993	3,063
	1,583	1,280	303
	21,191	29,157	-7,966
	40,175	24,269	15,906
	6,315	998	5,317
	3,240	4,138	-898
	548	437	111
	24,640	24,714	-74
	3,697	2,290	1,407
	6,811	1,997	4,814
	3,095	4,763	-1,668
	35,928	31,307	4,621
	19,853	14,217	5,636
	50,226	44,830	5,396
	1,155	763	392
	32,215	22,766	9,449
	3,037	697	2,340
	3,261	2,695	566
	1,424	1,368	56
	100,000	102,219	-2,219
	1,072	1,316	-244
	1,755	748	1,007
	2,841	1,710	1,131
	3,226	1,380	1,846
	408	421	-13
	3,692	716	2,976
	560	516	44
	1,096	675	421
	372	389	-17
	462	474	-12
	469	463	6
	567	636	-69
	1,267	1,268	-1
	1,090	872	218
	2,296	465	1,831
	719	265	454
	483	546	-63
	630,079	631,345	-1,266
	8,793	7,598	1,195
	1,457	433	1,024
	545	425	120
	1,403	1,621	-218
	581	107	474
	3,612	437	3,175
	980	716	264
	607	590	17
	5,260	348	4,912
	910	991	-81
	880	914	-34
	550	427	123
	867	498	369
	879	166	713
	765	880	-115
	2,685	2,682	3
	1,243	873	370
	1,124	529	595
	766	1,052	-286
	1,393	287	1,106
	1,497	438	1,059
	627	953	-326
	4,150	3,531	619
	282	203	79
	1,078	679	399
	704	157	547
	1,057	898	159
	479	456	23
	10,549	13,163	-2,614
	42,548	48,227	-5,679
	12		12
	23	24	-1
	93,591	76,683	16,908
	27,837	31,733	-3,896
	23,980	24,839	-859
	47,059	43,131	3,928
	30		30
	6,000	5,998	2
	78	106	-28
	26,785	13,185	13,600
	270,875	272,896	-2,021
	14,109	25,080	-10,971
	19,036	44,199	-25,163
			35,307
			35,307
			35,307
			35,307
			35,307
			35,307
			35,307
			35,307
			35,307
			35,307
			35,307
			35,307
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			35,307
			35,307
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			35,307
			35,307
			35,307
			35,307
			35,307
			35,307
			35,307
			35,307
			35,307
			35,307
			35,307

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			58
b			4,121
c			82
d			1,543
e			-19
			2,239
			207
			-2,489
			2,810
			817
			-4,085
			81
			538
			1,489
			3,723
			-71
			153
			-141
			31,779
			37
			2,345
			15,655
			-2,270
			5,003
			28,958
			-506
			1,700
			3,056
			3,745
			35,813
			120
			536
			-59
			3,001
			-2,473
			-468
			-2,269
			47
			3,281
			8,732
			-1,733
			102
			1,092
			-152
			-3
			-2,080
			-874
			-1,026
			9,129
			-1,111
			9,122
			354
			131
			-3,292
			-284
			100
			-602
			2,590
			-1,264
			6,224
			1,736
			150,157
			912
			-942
			6,710
			2,558
			2,873
			-193
			-760
			5,205
			5,601
			-983
			-2,011
			112
			-4,685
			-1,184
			7,250
			-277
			541
			2,473
			-268
			145,539
			-442
			292,240
			-2,629
			121,823
			3,054
			5,253
			-95
			-5
			7,890
			164
			-500
			8,664
			1,213
			-1,357
			2,167
			1,827
			27,353
			-1,251
			-1,047
			-2,028
			28,174
			3,356
			-2,341
			-7,413
			-284
			8,805
			-3,462
			-2,430
			992
			-760
			8,875
			9,564
			-1,731
			343
			-997
			5,036
			-341
			-84
			2
			-514
			2,716
			3,513
			7,607
			215
			12,378
			1,979
			1,485
			44
			-81
			-193
			798
			-241
			478
			-104
			6,766
			1,550
			3,194
			4,805
			562
			-238
			3,045
			-146
			2,441
			502
			15,301
			1,140
			27
			20,352
			3,063
			303
			-7,966
			15,906
			5,317
			-898
			111
			-74
			1,407
			4,814
			-1,668
			4,621
			5,636
			5,396
			392
			9,449
			2,340
			566
			56
			-2,219
			-244
			1,007
			1,131
			1,846
			-13
			2,976
			44
			421
			-17
			-12
			6
			-69
			-1
			218
			1,831
			454
			-63
			-1,266
			1,195
			1,024
			120
			-218
			474
			3,175
			264
			17
			4,912
			-81
			-34
			123
			369
			713
			-115
			3
			370
			595
			-286
			1,106
			1,059
			-326
			619
			79
			399
			547
			159
			23
			-2,614
			-5,679
			12
			-1
			16,908
			-3,896
			-859
			3,928
			30
			2
			-28
			13,600
			-2,021
			-10,971
			-25,163

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	1,172,498
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	19,943
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	19,943
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	19,943
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	10,128
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	10,128
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	9,815
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 ofUS BANK NA Telephone no. (888) 265-7962

Located at60 LIVINGSTON AVESAINT PAULMN ZIP+455107

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)

Yes

(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
US BANK N A	TRUSTEE 1	105,389
PO BOX 64193 EAGAN,MN55164	TRUSTEE 1	105,389

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...................

13,145,019

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

155,887

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

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

13,300,906

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.........................

13,300,906

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

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

199,514

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

13,101,392

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

655,070

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..................

655,070

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

19,943

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

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

19,943

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

635,127

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

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

635,127

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

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

635,127

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) ..........

405,859

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. .......

405,859

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					635,127
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				27,880
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: $ 405,859
a Applied to 2024, but not more than line 2a				27,880
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.....					377,979
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 ..........					257,148
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
MISSOURI SOUTHERN FOUNDATION BUSINESS OFFICE JOPLIN,MO648011512	NONE		SCHOLARSHIPS	196,910
DRURY UNIVERSITY 900 N BENTON AVE SPRINGFIELD,MO658023712	NONE		SCHOLARSHIPS	196,910
Total ................................. 3a				393,820

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	372,180
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	1,172,498
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			1	181
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				1,544,859

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

1,544,859

(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
594918BY9 MICROSOFT CORP	9,993	9,961
666807BN1 NORTHROP GRUMMAN	5,014	4,936
002824BH2 ABBOTT LABORATORIES	6,954	6,591
037833DK3 APPLE INC	7,534	7,919
172967KN0 CITIGROUP INC	9,018	8,983
00206RCG5 AT T INC	6,837	6,155
68389XBN4 ORACLE CORP	14,111	13,696
539830BH1 LOCKHEED MARTIN CORP	3,008	3,000
046353AT5 ASTRAZENECA PLC	8,017	8,018
38141GWZ3 GOLDMAN SACHS GROUP	9,958	10,021
035240AL4 ANHEUSER BUSCH MTN
10373QAT7 BP CAP MARKETS
822582CB6 SHELL INTERNATIONAL	4,979	4,998
20030NCT6 COMCAST CORP	7,015	7,038
46647PAX4 JPMORGAN CHASE CO	6,082	6,062
9128285M8 U S TREASURY NT	3,113	2,966
9128286B1 U S TREASURY NT	4,986	4,862
912828V98 U S TREASURY NT	3,722	3,945
912810RU4 U S TREASURY BD	19,751	15,507
912810EV6 U S TREASURY BD 6.87
31364CHD3 F N M A M T N	98,000	102,098

Name of Stock	End of Year Book Value	End of Year Fair Market Value
023135106 AMAZON.COM INC	66,029	191,350
931142103 WALMART INC COM	11,064	43,450
56585A102 MARATHON PETROLEUM C
57636Q104 MASTERCARD INC	7,529	24,548
037833100 APPLE INC COM	41,645	260,986
78409V104 S P GLOBAL INC COM	20,325	39,717
91324P102 UNITEDHEALTH GROUP I	38,042	47,866
594918104 MICROSOFT CORP COM	42,516	225,367
03027X100 AMERICAN TOWER CORP	27,962	25,984
893641100 TRANSDIGM GROUP INC	11,714	43,885
437076102 HOME DEPOT INC	69,275	82,240
060505104 BANK OF AMERICA CORP	34,724	80,960
02079K305 ALPHABET INC CL A	45,067	268,867
46625H100 JPMORGAN CHASE CO	30,299	99,244
81762P102 SERVICENOW INC	31,093	65,872
22160K105 COSTCO WHSL CORP	7,837	25,870
15135B101 CENTENE CORP COM
808513105 SCHWAB CHARLES CORP	41,303	55,050
28176E108 EDWARDS LIFESCIENCES
30303M102 META PLATFORMS INC	26,839	126,077
012653101 ALBEMARLE CORP
87612E106 TARGET CORP COM
461202103 INTUIT COM	12,376	28,484
79466L302 SALESFORCE COM INC
217204106 COPART INC COM
88339J105 TRADE DESK INC THE C
67066G104 NVIDIA CORP COM	35,883	339,244
697435105 PALO ALTO NETWORKS I	51,173	58,576
00724F101 ADOBE SYS INC
65339F101 NEXTERA ENERGY INC	39,516	43,993
98954M101 ZILLOW GROUP INC
550021109 LULULEMON ATHLETICA
90353T100 UBER TECHNOLOGIES IN	27,355	81,710
007903107 ADVANCED MICRO DEVIC	44,383	126,997
235851102 DANAHER CORP	83,892	90,881
09290D101 BLACKROCK INC COM	31,142	53,517
127097103 COTERRA ENERGY INC	22,974	24,899
166764100 CHEVRON CORP COM	32,736	33,073
26142V105 DRAFTKINGS INC NEW
29444U700 EQUINIX INC	30,494	28,348
532457108 ELI LILLY CO	82,337	109,617
58733R102 MERCADOLIBRE INC	51,357	54,385
806857108 SCHLUMBERGER LTD COM
871607107 SYNOPSYS INC	50,224	54,018
922475108 VEEVA SYSTEMS INC-CL	18,076	19,867
92537N108 VERTIV HOLDINGS CO	44,604	86,675
G29183103 EATON CORP PLC SHS	44,675	49,051
05722G100 BAKER HUGHES COMPANY	34,503	39,574
14040H105 CAPITAL ONE FINL COR	55,053	62,287
16411R208 CHENIERE ENERGY INC	32,690	26,826
169656105 CHIPOTLE MEXICAN GRI	49,235	47,952
46120E602 INTUITIVE SURGICAL I	32,195	33,415
502431109 L3HARRIS TECHNOLOGIE	31,470	43,448
565394103 MAPLEBEAR INC COM	37,012	36,704
595112103 MICRON TECHNOLOGY IN	41,921	133,857
64110L106 NETFLIX.COM INC	33,483	28,128
679295105 OKTA INC	61,018	53,266
87422Q109 TALEN ENERGY CORP CO	27,131	57,725
G54950103 LINDE PLC	34,653	32,406

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
464287226 ISHARES CORE U.S. AG	AT COST	444,284	447,063
464287655 ISHARES RUSSELL 2000
74440B884 PGIM TOTAL RETURN BO	AT COST	636,618	551,830
98MSCF1K8 PARTNERS GROUP PRVT	AT COST	287,029	341,394
04314H568 ARTISAN HIGH INCOME	AT COST	587,960	543,254
46434G103 ISHARES CORE MSCI EM	AT COST	730,937	988,873
464288877 ISHARES MSCI EAFE VA	AT COST	420,864	580,420
46432F842 ISHARES CORE MSCI EA	AT COST	706,068	992,380
861728400 STONE RIDGE HY REINS	AT COST	404,917	422,206
808524847 SCHWAB US REIT ETF	AT COST	405,450	407,982
024524217 AMERICAN BEACON STEP
464287473 ISHARES RUSSELL MIDC
464287499 ISHARES RUSSELL MID
464287432 ISHARES 20 YEAR TREA
52470V822 WESTERN ASSET INCOME
52471E258 CLEARBRIDGE INTERNAT	AT COST	348,085	530,620
922042742 VANGUARD TOTAL WORLD	AT COST	760,867	861,453
56064L298 NYLI CBRE GLOBAL INF	AT COST	272,441	275,984
72201F490 PIMCO INCOME FUND IN	AT COST	280,523	280,779
92206C664 VANGUARD RUSSELL 200	AT COST	579,455	734,955
922908629 VANGUARD MID CAP ETF	AT COST	1,811,296	2,072,751

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INCOME		0	0
000000000 MISCELLANEOUS ENTRY	7,620	6,537	6,537

Description	Amount
ROC ON CY SALES	2,520
PY RETURN OF CAPITAL ADJUSTMENT	491
COST BASIS ADJUSTMENT	39

Category	Amount	Net Investment Income
FOREIGN TAXES	4,086	4,086
FEDERAL ESTIMATES - PRINCIPAL	8,991	0
FOREIGN TAXES ON NONQUALIFIED	2,862	2,862