Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 07-01-2024 , and ending 06-30-2025
Name of foundation
JACK BEATY EDUCATIONAL SCHOLARSHIP
FOUNDATION C/O KURT SOMMER
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1984
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA FE, NM87504
A Employer identification number

87-3768410
B Telephone number (see instructions)

(505) 982-4676
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$8,385,444J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 8,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 58,537 58,537  
4 Dividends and interest from securities... 98,962 98,962  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 173,262
b Gross sales price for all assets on line 6a 2,268,293
7 Capital gain net income (from Part IV, line 2)... 173,262
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 338,761 330,761  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 30,400     30,400
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 1,670     1,670
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
595     595
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,302 3,651   3,651
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
105,159 94,231   10,928
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,442 208    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
659     659
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 149,227 98,090   47,903
25 Contributions, gifts, grants paid....... 312,500 312,500
26 Total expenses and disbursements. Add lines 24 and 25 461,727 98,090   360,403
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -122,966
b Net investment income (if negative, enter -0-) 232,671
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 170,404 331,367 331,367
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 54,199 Click to see attachment
List of Attached Documents:
// Content
62,240 		65,213
b Investments—corporate stock (attach schedule)....... 5,344,169 Click to see attachment
List of Attached Documents:
// Content
5,005,303 		6,779,269
c Investments—corporate bonds (attach schedule)....... 1,137,711 Click to see attachment
List of Attached Documents:
// Content
1,190,464 		1,207,855
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,569 		Click to see attachment
List of Attached Documents:
// Content
1,740 		Click to see attachment
List of Attached Documents:
// Content
1,740
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,712,052 6,591,114 8,385,444
Liabilities 17 Accounts payable and accrued expenses..........   2,028
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 right arrow)    
23 Total liabilities (add lines 17 through 22).........   2,028
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 6,712,052 6,589,086
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 6,712,052 6,589,086
30 Total liabilities and net assets/fund balances (see instructions). 6,712,052 6,591,114
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
6,712,052
2
Enter amount from Part I, line 27a .....................
2
-122,966
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
6,589,086
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,589,086
Form 990-PF (2024)
Form 990-PF (2024)
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 AIA GROUP P 2022-06-20 2024-07-26
b KANDANT INC P 2022-05-25 2024-11-06
c VERTEX PHARMACEUTICALS P 2022-12-20 2025-02-07
d T-MOBILE P 2025-01-13 2025-04-30
e EDWARDS LIFESCIENCE P 2022-07-12 2024-09-15
MILLROSE PPTYS COM P 2025-02-07 2025-03-15
AIA GROUP P 2023-12-05 2024-07-25
LONDON STOCK EXCH P 2024-02-13 2024-10-31
VERTEX PHARMACEUTICALS P 2025-01-03 2025-02-07
KADANT INC P 2022-05-25 2025-04-30
NIKE INC P 2024-04-04 2024-09-15
BNK OF AMERICA P 2025-01-13 2025-04-15
KADANT INC P 2022-05-25 2024-07-11
LONDON STOCK EXCH P 2022-08-19 2024-10-31
VISA P 2022-08-18 2025-02-10
INDUSTRIA DE DISENO TEXTIL P 2022-05-25 2025-05-09
HOME DEPOT P 2022-04-13 2024-11-15
TORONTO DOMINION BK P 2022-06-01 2025-06-15
MITSUBISHI UFJ FINANCIAL P 2024-01-09 2024-07-11
THERMO FISHER SCIENTIFIC P 2024-09-24 2024-12-17
ALPHABET P 2022-05-25 2025-03-25
ALPHABET INC P 2022-05-25 2025-05-19
NEXTERA ENERGY P 2021-07-04 2024-11-15
BANK MONTREAL MEDIUM SERV P 2022-05-31 2025-06-15
TERRENO REALTY CORP P 2023-05-19 2024-07-17
PEPSICO INC P 2024-05-07 2024-12-27
BERKSHIRE HATHAWAY P 2022-07-12 2025-03-25
KADANT INC P 2022-05-25 2025-04-30
UNITEDHEALTH P 2022-05-05 2024-12-15
NATIONAL RURAL UTIL P 2022-04-27 2025-06-15
TERRENO REALTY CORP P 2024-05-02 2024-07-17
ACCENTURE PLC P 2024-01-11 2025-01-07
FIVERR INTL LTD P 2023-01-24 2024-02-15
COGNEX CORP P 2022-05-25 2025-05-23
ALPHABET INC P 2022-04-13 2024-12-15
GRAIL P 2023-12-05 2024-07-25
IMPINJ INC P 2022-06-23 2024-08-23
INDUSTRIA DE DISENO TEXTIL SA P 2022-05-25 2025-01-22
FRANCO NEVADA CORP P 2023-03-28 2025-03-25
VERTEX PHARMACEUTIALS INC P 2022-12-20 2025-06-10
INTUIT INC P 2022-04-13 2025-01-15
PEPSICO INC P 2024-05-07 2024-07-10
VISA P 2022-08-18 2024-08-23
VERIZON COMM P 2022-05-25 2025-01-13
IMPINJ INC P 2024-12-19 2025-03-25
ACCENTURE PLC P 2024-03-26 2025-06-25
FISERV INC P 2022-04-13 2025-01-15
AMERICAN ELECTRIC POWER P 2023-08-24 2024-08-06
VISA INC P 2022-08-18 2025-01-06
LVMH MOET HENNESSY ADR P 2022-05-25 2025-03-14
APPLE P 2024-08-02 2025-06-25
THERMO FISHER SCIENTIFIC P 2023-09-21 2025-01-15
SNOWFLAKE INC P 2023-02-01 2024-08-08
ACCENTURE PLC P 2024-01-11 2025-02-10
LVMH MOET HESSESSY ADR P 2025-02-12 2025-03-14
FANUC LTD P 2022-12-19 2025-06-25
CINTAS CORP P 2022-04-26 2025-01-15
CANDENCE DESIGN SYSTEM P 2022-06-17 2024-08-23
INTELLIA THERAPEUTICS INC P 2023-07-31 2025-02-12
FRANCO NEVADA CORP P 2022-05-25 2025-04-21
FANUC LTD P 2025-02-12 2025-06-25
JOHN DEERE CAPITAL CORP P 2022-06-01 2025-01-15
AMERICAN ELECTRIC POWER P 2023-08-24 2024-09-24
INTELLIA THERAPEUTICS INC P 2024-03-13 2025-02-12
JP MORGAN P 2023-01-10 2025-04-21
CME GROUP P 2022-04-13 2024-07-15
ABBOTT LAB P 2024-07-30 2025-02-15
CHAMPIONX CORP P 2022-06-22 2024-10-11
KANSAI ELEC POWER P 2024-07-18 2025-02-04
DISNEY WALT P 2022-05-25 2025-04-29
LOWES P 2022-04-13 2024-07-15
INTUIT P 2022-04-13 2025-02-15
IMPINJ INC P 2022-06-23 2024-10-11
MICROSOFT P 2022-05-25 2025-02-14
FRANCO NEVADA CORP P 2023-03-28 2025-04-21
TAMPA ELECTRIC P 2022-07-07 2024-07-15
KEYCORP SER Q P 2022-05-16 2025-02-15
NOVARTIS AG P 2024-05-08 2024-10-22
MSCI INC P 2024-04-24 2025-02-12
DISNEY WALT P 2024-01-08 2025-04-29
US TREASURY NTS 2.375% P 2022-06-10 2024-08-15
UNITED HEALTH P 2023-04-03 2025-03-15
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 59,274   91,163 -31,889
b 19,329   9,259 10,070
c 4,772   3,051 1,721
d 62,731   55,550 7,181
e 27,325   38,775 -11,450
6,908   7,354 -446
3   3  
23,569   19,632 3,937
14,316   12,256 2,060
34,201   20,184 14,017
57,944   60,864 -2,920
52,654   63,004 -10,350
7,937   4,854 3,083
10,774   8,175 2,599
5,268   3,219 2,049
19,368   8,170 11,198
16,680   12,389 4,291
30,000   30,000  
8,084   6,499 1,585
27,483   31,803 -4,320
7,643   4,956 2,687
21,406   14,318 7,088
15,239   15,237 2
30,000   29,993 7
52,195   48,354 3,841
52,723   60,130 -7,407
50,243   26,706 23,537
23,973   14,999 8,974
31,761   25,609 6,152
30,000   29,992 8
11,303   9,281 2,022
12,513   11,973 540
32,752   39,066 -6,314
21,069   34,412 -13,343
58,654   38,905 19,749
3   3  
17,859   5,677 12,182
24,521   10,709 13,812
16,377   15,160 1,217
17,841   12,205 5,636
15,136   11,597 3,539
30,168   32,598 -2,430
20,872   12,562 8,310
30,780   40,295 -9,515
12,836   20,015 -7,179
58,936   68,078 -9,142
56,238   25,696 30,542
18,723   14,947 3,776
9,414   6,438 2,976
35,816   31,900 3,916
7,064   7,832 -768
68,609   56,585 12,024
14,578   20,885 -6,307
11,611   10,262 1,349
16,526   18,439 -1,913
1,819   2,157 -338
29,853   29,993 -140
31,541   16,985 14,556
9,416   42,586 -33,170
38,573   31,452 7,121
7,796   8,852 -1,056
29,822   29,993 -171
63,067   48,777 14,290
2,072   6,298 -4,226
36,082   21,033 15,049
41,935   41,841 94
26,085   21,033 5,052
62,787   42,964 19,823
39,844   63,680 -23,836
24,488   27,923 -3,435
71,859   61,830 10,029
28,274   20,955 7,319
14,126   3,097 11,029
28,541   17,991 10,550
4,286   3,609 677
30,000   29,989 11
30,000   30,000  
17,711   15,803 1,908
50,818   41,326 9,492
4,951   4,990 -39
55,000   54,199 801
63,545   63,657 -112
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       -31,889
b       10,070
c       1,721
d       7,181
e       -11,450
      -446
       
      3,937
      2,060
      14,017
      -2,920
      -10,350
      3,083
      2,599
      2,049
      11,198
      4,291
       
      1,585
      -4,320
      2,687
      7,088
      2
      7
      3,841
      -7,407
      23,537
      8,974
      6,152
      8
      2,022
      540
      -6,314
      -13,343
      19,749
       
      12,182
      13,812
      1,217
      5,636
      3,539
      -2,430
      8,310
      -9,515
      -7,179
      -9,142
      30,542
      3,776
      2,976
      3,916
      -768
      12,024
      -6,307
      1,349
      -1,913
      -338
      -140
      14,556
      -33,170
      7,121
      -1,056
      -171
      14,290
      -4,226
      15,049
      94
      5,052
      19,823
      -23,836
      -3,435
      10,029
      7,319
      11,029
      10,550
      677
      11
       
      1,908
      9,492
      -39
      801
      -112
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 173,262
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -29,298
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 right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 3,234
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  
3 Add lines 1 and 2........................... 3 3,234
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,234
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 3,734
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,734
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 500
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow500 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNM
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
 
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowBEATYFOUNDATION.ORG
14
The books are in care ofright arrowCHERYL SOMMER Telephone no.right arrow (505) 982-4676

Located atright arrow2000 OLD PECOS TRAILSANTA FENM ZIP+4right arrow87505
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
 
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 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 Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
KURT SOMMER TRUSTEE
2.00 		10,000 0 0
2000 OLD PECOS TRAIL
SANTA FE,NM87505
CHERYL SOMMER TRUSTEE
8.00 		20,400 0 0
2000 OLD PECOS TRAIL
SANTA FE,NM87505
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...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
7,994,088
b
Average of monthly cash balances.......................
1b
295,041
c
Fair market value of all other assets (see instructions)................
1c
1,785
d
Total (add lines 1a, b, and c).........................
1d
8,290,914
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
8,290,914
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
124,364
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,166,550
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
408,328
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
408,328
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
3,234
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,234
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
405,094
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
405,094
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
405,094
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
360,403
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
360,403
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 405,094
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 30,472
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 360,403
a Applied to 2023, but not more than line 2a 30,472
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 329,931
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		75,163
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
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, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow 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, b, c, and d. 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 (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

NEW MEXICO COMMUNITY TRUST

624 TIJERAS AVE NW
ALBUQUERQUE,NM87102 		NONE PC SCHOLARSHIP 10,000

COLORADO MESA UNIVERSITY

1100 NORTH AVE
GRAND JUNCTION,CO81501 		NONE PC SCHOLARSHIP 4,000

ST MICHAELS HIGH SCHOOL

100 SIRINGO RD
SANTA FE,NM87505 		NONE PC SCHOLARSHIP 9,500

FIRST SERVE NM INC

PO BOX 31904
SANTA FE,NM87594 		NONE PC ENDOWMENT AND SCHOLARSHIP 55,000

INTERNATIONAL SCHOLARSHIP FUND

PO BOX 282371
NASHVILLE,TN37228 		NONE NC SCHOLARSHIP 180,000

LENSIC PERFORMING ARTS

211 W SAN FRANCISCO ST
SANTA FE,NM87501 		NONE PC SCHOLARSHIP 10,000

LIFE CENTER FOUNDATION

PO BOX 5173
SANTA FE,NM87501 		NONE PC SUPPORT SERVICES 500

SANTA FE OPERA

301 OPERA DRIVE
SANTA FE,NM87506 		NONE PC ALTO PROGRAM 25,000

COOKING WITH KIDS

1400 MACLOVIA ST
SANTA FE,NM87505 		NONE PC SCHOLARSHIP 2,500

MAY CENTER FOR LEARNING

32 PUESTA DEL SOL
SANTA FE,NM87508 		NONE PC SUPPPORT 5,000

NM COMMUNITY COLLEGE

921 N PASEO DE ONATE
ESPANOLA,NM87532 		NONE PC SCHOLARSHIP 10,000

LITERACY VOLUNTEERS OF SF

6401 RICHARDS AVE
SANTA FE,NM87508 		NONE PC TUTORING 1,000
Total .................................right arrow 3a 312,500
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 58,537  
4 Dividends and interest from securities ....     14 98,962  
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 ............ 		    18 173,262  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   330,761  
13Total. Add line 12, columns (b), (d), and (e)..................
13
330,761
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
JACK BEATY EDUCATIONAL SCHOLARSHIP
 
FOUNDATION C/O KURT SOMMER
EIN:
87-3768410
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 7,302 3,651   3,651

TY 2024 InvestmentsCorpBondsSchedule
Name:
JACK BEATY EDUCATIONAL SCHOLARSHIP
 
FOUNDATION C/O KURT SOMMER
EIN:
87-3768410
Name of Bond End of Year Book Value End of Year Fair Market Value
ADOBE INC NOTE 29,942 30,597
AMAZON COM INC 24,982 25,549
AMERICAN EXPRESS 30,000 30,410
AMERICAN HONDA FIN 30,051 30,023
AMERIPRISE FINANCIAL 29,995 29,766
ANALOG DEVICES 32,964 33,152
BANK MONTREAL QUE SER    
BANK NEW YORK 30,000 30,094
BANK NOVA SCOTIA 29,966 30,694
CANADIAN IMPERIAL BK 30,000 30,538
CINTAS CORP    
CVS HEALTH CORP 19,867 20,361
DEERE JOHN CAPITAL    
DELL INTL 34,959 34,689
ECOLAB INC 24,850 25,752
ELI LILLY 34,978 35,461
FIDELITY NATL INFO 29,981 30,551
HOME DEPOT INC 23,971 24,114
INTERCONTINENTAL EXCHANGE 29,968 30,025
JOHNSON CTLS INTL 29,955 31,113
JPMORGAN CHASE 30,000 30,313
KEURIG DR PEPPER 29,940 30,957
KEYCORP SER Q    
LOCKHEED MARTIN CORP 29,902 29,824
MARSH & MCLENNAN COS INC 29,885 31,117
MCCORMICK & CO 34,911 33,943
MERCK & CO 29,974 29,915
META PLATFORMS INC 29,932 30,887
METLIFE INC 24,896 25,682
MORGAN STANLEY 30,000 31,430
NATIONAL RURUAL UTILS COOP    
NORFOLK SOUTHERN 29,872 30,988
NORTHERN TR CORP 29,951 29,963
ORACLE CORP NOTE 29,972 32,010
PEPSICO INC 29,954 30,478
PUBLIC STORAGE OPER CO 29,948 30,782
RYDER SYS INC 29,991 30,020
SHERWIN WILLIAMS 29,999 30,258
STATE STR CORP NOTE 30,103 29,891
TAMPA ELEC CO NOTE CALL    
TEXAS INSTRS INC 29,948 30,484
TORONTO DOMINION BANK    
TOYOTA MOTOR 29,996 30,202
UNITED HEALTH GROUP 29,969 29,882
WELLSFARGO & CO 30,000 29,994
WILLIS NORTH AMERICA 29,920 30,757
ZIMMER BIOMET HOLDINGS 34,972 35,189

TY 2024 InvestmentsCorpStockSchedule
Name:
JACK BEATY EDUCATIONAL SCHOLARSHIP
 
FOUNDATION C/O KURT SOMMER
EIN:
87-3768410
Name of Stock End of Year Book Value End of Year Fair Market Value
ABB LTD SPON ADR 34,924 77,869
ABBOTT LAB 49,954 64,605
ACCENTURE PLC    
ACCOR SA COM 80,176 102,611
AIA GROUP LTD 53,461 62,893
AIRBUS GROUP 53,298 67,544
ALPHABET 84,295 115,304
ALPHABET 63,329 101,332
AMAZON 67,028 140,410
AMAZON.COM 123,415 197,451
AMERICAN ELECTRIC POWER 58,242 60,700
APPLE INC 130,989 157,981
APPLE INC 68,315 91,301
ASML HOLDING 112,788 160,278
ASML HOLDING 58,679 76,132
ATMOS ENERGY CORP 53,904 72,432
BANCO SANTANDER 55,134 93,416
BERKSHIRE HATHAWAY 52,007 89,867
BMX TECH 53,247 70,589
BROADCOM 75,819 95,099
BROADCOM INC 54,376 88,208
CADENCE DESIGN 30,278 63,171
CAREDX INC 31,378 25,304
CDW CORP 49,659 51,791
CHAMPIONX CORP    
CHURCH & DWIGHT 77,420 86,499
CME GROUP    
COGNEX CORP 78,935 57,255
COOPER COS INC 101,968 83,613
COSTCO WHOLESALE 48,274 98,994
CROWDSTRIKE HOLD 26,948 32,596
DANAHER CORP 118,780 100,745
DISNEY WALT    
EDWARDS LIFESCIENCES    
ELI LILLY AND CO 39,084 94,323
EOG RESOURCES 68,035 68,776
EOG RESOURCES 72,540 68,178
EQT CORP COM 72,886 109,933
FANUC LTD 77,204 68,535
FISERV INC 70,618 97,412
FIVERR INTL    
FRANCO-NEVADA 77,394 99,991
GOLDMAN SACHS 67,007 134,473
GRAIL INC    
GXO LOGISTICS 112,312 107,140
HOME DEPOT INC 51,106 60,496
ILLUMINA INC 69,047 48,182
IMPINJ INC 17,569 33,876
INDUSTRIA DE DISENO 16,671 39,093
INTELLIA THERAPEUTICS    
INTUIT INC 21,462 44,107
JPMORGAN 55,666 130,460
JPMORGAN 30,532 65,230
KADANT INC    
L'OREAL 88,370 91,496
LENNAR CORP 42,871 60,836
LONDON STOCK EXCH 58,360 75,204
LOWES COMPANIES    
LVMH MOET    
MASTERCARD INCORP 60,145 98,340
MAXCYTE INC 26,068 13,047
MCDONALDS S CORP 49,603 58,434
META PLATFORMS 60,413 93,737
MICROSOFT 178,642 310,881
MICROSOFT 64,254 124,352
MITSUBISHI UFJ 65,015 100,225
MOTOROLA SOLUTIONS 45,494 90,399
MSCI INC    
NATERA INC 53,313 79,402
NESTLE NAM SPON 75,103 90,381
NEXTERA 88,683 89,205
NIKE    
NOVARTIS AG SPONS 92,223 113,144
NOVARTIS AG SPONSORED    
NVDIA CORP 65,891 236,985
NVIDIA CORP 14,928 140,611
PEPSICO INC    
PROCTOR AND GAMBLE 80,334 94,158
REGENERON PHARMACEUTICALS 96,487 68,250
ROPER TECHNOLOGIES 76,946 99,197
SANDVIK 81,760 90,645
SCHLUMBERGER LTD 66,984 52,728
SHELL PLC 69,481 81,324
SNOWFLAKE INC 47,805 64,893
TERRENO REALTY    
THERMO FISHER 74,302 58,792
TJX COS 54,138 59,275
TRANSUNION 63,255 59,840
UNITED HEALTH    
VERIZON WIRELESS 68,170 61,876
VERTEX PHARMACEUTICALS 44,244 64,554
VGP NV NPV 138,656 122,752
VISA INC 47,212 78,111

TY 2024 InvestmentsGovtObligationsSch
Name:
JACK BEATY EDUCATIONAL SCHOLARSHIP
 
FOUNDATION C/O KURT SOMMER
EIN:
87-3768410
US Government Securities - End of Year Book Value:

62,240
US Government Securities - End of Year Fair Market Value:

65,213
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2024 LegalFeesSchedule
Name:
JACK BEATY EDUCATIONAL SCHOLARSHIP
 
FOUNDATION C/O KURT SOMMER
EIN:
87-3768410
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 595     595


TY 2024 OtherAssetsSchedule
Name:
JACK BEATY EDUCATIONAL SCHOLARSHIP
 
FOUNDATION C/O KURT SOMMER
EIN:
87-3768410
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PREPAID LEGAL 1,835 1,240 1,240
PREPAID TAX 3,734 500 500


TY 2024 OtherExpensesSchedule
Name:
JACK BEATY EDUCATIONAL SCHOLARSHIP
 
FOUNDATION C/O KURT SOMMER
EIN:
87-3768410
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
BANK FEES 74     74
OFFICE EXPENSE 585     585


TY 2024 OtherProfessionalFeesSchedule
Name:
JACK BEATY EDUCATIONAL SCHOLARSHIP
 
FOUNDATION C/O KURT SOMMER
EIN:
87-3768410
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PORTFOLIO MANAGEMENT 94,231 94,231    
INTL SCHOLARSHIP FUND 10,000     10,000
OUTSIDE CONTRACT 928     928


TY 2024 TaxesSchedule
Name:
JACK BEATY EDUCATIONAL SCHOLARSHIP
 
FOUNDATION C/O KURT SOMMER
EIN:
87-3768410
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 208 208    
EXCISE TAX 3,234