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
HELLER FOUNDATION OF SAN DIEGO
 
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

95-6010314
B Telephone number (see instructions)

8882657962
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$6,928,526
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 220,450 213,976  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 448,310
b Gross sales price for all assets on line 6a 3,100,086
7 Capital gain net income (from Part IV, line 2)... 448,310
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)....... 1,091    
12 Total. Add lines 1 through 11........ 669,851 662,286  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 66,891 60,202   6,689
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)....... 250 0 0 250
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 38,544 3,867   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.......... 105,685 64,069 0 6,939
25 Contributions, gifts, grants paid....... 325,000 325,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 430,685 64,069 0 331,939
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 239,166
b Net investment income (if negative, enter -0-) 598,217
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 88,174 111,768 111,768
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)....... 1,177,264 Click to see attachment
List of Attached Documents:
// Content
1,150,642
1,761,826
c Investments—corporate bonds (attach schedule)....... 149,982    
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,045,957 Click to see attachment
List of Attached Documents:
// Content
4,435,380
5,049,315
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
4,856
Click to see attachment
List of Attached Documents:
// Content
5,617
Click to see attachment
List of Attached Documents:
// Content
5,617
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,466,233 5,703,407 6,928,526
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 5,466,233 5,703,407
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)..... 5,466,233 5,703,407
30 Total liabilities and net assets/fund balances (see instructions). 5,466,233 5,703,407
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
5,466,233
2
Enter amount from Part I, line 27a .....................
2
239,166
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
4
4
Add lines 1, 2, and 3 ..........................
4
5,705,403
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
1,996
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
5,703,407
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a 127. ALBEMARLE CORP   2024-03-18 2025-02-03
b 375. CENTENE CORP COM   2024-01-18 2025-02-03
c 202. EDWARDS LIFESCIENCES CORP COM   2024-03-18 2025-02-03
d 22. SALESFORCE INC   2024-01-18 2025-02-03
e 1308.89072 ARTISAN HIGH INCOME FUND   2024-12-04 2025-03-04
170.01828 ARTISAN HIGH INCOME FUND   2024-12-04 2025-03-04
18201.293 DOUBLELINE CORE FIX INCOME I     2025-03-04
2894. ISHARES CORE U.S. AGGREGATE BOND ETF   2024-10-10 2025-03-04
36.00179 ISHARES 20 YEAR TREASURY BOND ETF   2024-12-04 2025-03-04
19.99821 ISHARES 20 YEAR TREASURY BOND ETF   2024-12-04 2025-03-04
2044.403 WESTERN ASSET INCOME IS   2024-12-04 2025-03-04
495.164 STONE RIDGE HY REINSUR-I   2024-12-04 2025-03-04
25. ANGEL OAK MULTI STRATEGY INCOME   2025-03-04 2025-03-19
152. BANK OF AMERICA CORP   2024-01-18 2025-03-19
216. COTERRA ENERGY INC   2024-08-16 2025-03-19
248. COPART INC COM   2024-01-18 2025-03-19
1. EQUINIX INC   2024-08-16 2025-03-19
285. ISHARES CORE U.S. AGGREGATE BOND ETF   2024-10-10 2025-03-19
201. J P MORGAN CHASE & CO   2020-10-07 2025-03-19
268. LILLY ELI & CO   2010-11-24 2025-03-19
38. LULULEMON ATHLETICA INC   2024-05-20 2025-03-19
4. MASTERCARD INC   2024-05-20 2025-03-19
426. MICROSOFT CORP     2025-03-19
3. S P GLOBAL INC COM   2024-01-18 2025-03-19
345. SCHWAB US REIT ETF   2024-02-20 2025-03-19
267. STONE RIDGE HY REINSUR-I   2024-12-04 2025-03-19
21. TARGET CORP   2024-04-18 2025-03-19
216. TARGET CORP   2024-01-18 2025-03-19
2. UNITEDHEALTH GROUP INC COM   2024-01-18 2025-03-19
37. VEEVA SYSTEMS INC-CLASS A   2024-05-20 2025-03-19
177. WAL MART STORES INC   2021-05-21 2025-03-19
294. ZILLOW GROUP INC   2024-05-20 2025-03-19
1. SECURITY LITIGATION   1911-11-11 2025-03-27
8. ADOBE SYS INC   2024-04-18 2025-04-30
28. ADVANCED MICRO DEVICES INC COM   2024-01-18 2025-04-30
40. ALPHABET INC CL A   2025-03-19 2025-04-30
40. AMAZON.COM INC   2025-03-19 2025-04-30
701.212 AMERICAN BEACON STEPHENS MID CAP GR     2025-04-30
6429.586 AMERICAN BEACON STEPHENS MID CAP GR   2024-01-18 2025-04-30
8. AMERICAN TOWER CORP   2024-01-18 2025-04-30
313.338 ANGEL OAK MULTI STRATEGY INCOME   2025-03-04 2025-04-30
45. APPLE COMPUTER INC   2025-03-19 2025-04-30
357.254 ARTISAN HIGH INCOME FUND   2024-12-04 2025-04-30
63. BANK OF AMERICA CORP   2024-01-18 2025-04-30
3. BLACKROCK INC COM   2024-01-18 2025-04-30
11. CHEVRONTEXACO CORP     2025-04-30
33. COPART INC COM   2024-01-18 2025-04-30
2. COSTCO WHSL CORP NEW COMMON STOCK   2024-05-20 2025-04-30
19. DANAHER CORP   2024-01-18 2025-04-30
70. DRAFTKINGS INC NEW   2024-05-20 2025-04-30
1. EQUINIX INC   2024-08-16 2025-04-30
320. EXACT SCIENCES CORPORATION     2025-04-30
10. META PLATFORMS INC   2025-03-19 2025-04-30
10. HOME DEPOT INC   2024-01-18 2025-04-30
2. INTUIT COM   2024-05-20 2025-04-30
713. ISHARES 20 YEAR TREASURY BOND ETF   2024-12-04 2025-04-30
674. ISHARES MSCI EAFE ETF     2025-04-30
122. ISHARES RUSSELL 2000 ETF   2025-03-19 2025-04-30
1133. ISHARES RUSSELL 2000 ETF     2025-04-30
14. J P MORGAN CHASE & CO   2020-10-07 2025-04-30
6. L3HARRIS TECHNOLOGIES INC     2025-04-30
38222.717 WESTERN ASSET INCOME IS     2025-04-30
4. LILLY ELI & CO   2010-11-24 2025-04-30
9. MARATHON PETROLEUM CORP   2024-06-18 2025-04-30
2. MASTERCARD INC   2024-05-20 2025-04-30
2. MERCADOLIBRE INC   2025-03-19 2025-04-30
22. MICROSOFT CORP   2005-07-25 2025-04-30
22. MICRON TECHNOLOGY INC   2025-03-19 2025-04-30
7. NEXTERA ENERGY INC   2025-03-19 2025-04-30
18. NEXTERA ENERGY INC   2024-03-18 2025-04-30
86. NVIDIA CORP COM     2025-04-30
77. PALO ALTO NETWORKS INC   2025-03-19 2025-04-30
22. PALO ALTO NETWORKS INC   2024-01-18 2025-04-30
805.175 PGIM TOTAL RETURN BOND CL R6   2021-05-24 2025-04-30
3. S P GLOBAL INC COM   2024-01-18 2025-04-30
248. SCHLUMBERGER LTD   2024-03-18 2025-04-30
44. SCHWAB CHARLES CORP     2025-04-30
4. SERVICENOW INC   2025-03-19 2025-04-30
29. BLOCK INC   2025-02-03 2025-04-30
110.155 STONE RIDGE HY REINSUR-I   2024-12-04 2025-04-30
6. SYNOPSYS INC   2024-05-20 2025-04-30
7. TALEN ENERGY CORP COM   2025-03-19 2025-04-30
31. TRADE DESK INC THE CLASS A   2024-03-18 2025-04-30
1. TRANSDIGM GROUP INC   2025-03-19 2025-04-30
30. UBER TECHNOLOGIES INC   2025-03-19 2025-04-30
18. UBER TECHNOLOGIES INC   2024-04-18 2025-04-30
6. UNITEDHEALTH GROUP INC COM   2024-01-18 2025-04-30
7. VEEVA SYSTEMS INC-CLASS A   2024-05-20 2025-04-30
35. VERTIV HOLDINGS CO   2024-06-18 2025-04-30
17. WAL MART STORES INC   2021-05-21 2025-04-30
9. EATON CORP PLC SHS   2024-08-16 2025-04-30
5. LINDE PLC     2025-04-30
613. ISHARES CORE U.S. AGGREGATE BOND ETF   2024-10-10 2025-07-01
157. ISHARES RUSSELL MID CAP ETF   2025-03-19 2025-07-01
179. ISHARES RUSSELL MID CAP ETF   2024-01-18 2025-07-01
84. MARATHON PETROLEUM CORP   2024-06-18 2025-07-01
218. SCHLUMBERGER LTD   2025-03-19 2025-07-01
46. SCHLUMBERGER LTD   2024-03-18 2025-07-01
70. VANGUARD FTSE EMERGING MARKETS ETF   2025-03-19 2025-07-01
181. VANGUARD RUSSELL 2000 INDEX FUND ETF   2025-04-30 2025-07-01
893. ISHARES CORE U.S. AGGREGATE BOND ETF     2025-08-11
1782. ISHARES CORE U.S. AGGREGATE BOND ETF   2024-08-01 2025-08-11
31. ADOBE SYS INC   2025-03-19 2025-09-04
41. ADOBE SYS INC   2024-04-18 2025-09-04
150000. U S TREASURY NT 5.000% 9/30/25   2023-10-11 2025-09-30
99. ADVANCED MICRO DEVICES INC COM   2024-01-18 2025-10-13
12. AMAZON.COM INC   2025-03-19 2025-10-13
425. DRAFTKINGS INC NEW   2025-03-19 2025-10-13
287. DRAFTKINGS INC NEW     2025-10-13
107. MICRON TECHNOLOGY INC     2025-10-13
143. NVIDIA CORP COM   2024-05-29 2025-10-13
300. BLOCK INC     2025-10-13
6. UBER TECHNOLOGIES INC   2025-03-19 2025-10-13
288. UBER TECHNOLOGIES INC   2024-01-18 2025-10-13
66. VERTIV HOLDINGS CO   2025-03-19 2025-10-13
106. VERTIV HOLDINGS CO   2024-06-18 2025-10-13
673. ISHARES CORE MSCI EAFE ETF   2025-03-19 2025-11-13
2. STONE RIDGE HY REINSUR-I   2024-12-04 2025-11-13
332. COPART INC COM   2024-01-18 2025-12-17
5152. SCHWAB U S TIPS ETF   2025-08-11 2025-12-17
106. TRADE DESK INC THE CLASS A   2025-03-19 2025-12-17
212. TRADE DESK INC THE CLASS A   2024-03-18 2025-12-17
(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 10,323   15,878 -5,555
b 24,590   28,475 -3,885
c 14,533   18,716 -4,183
d 7,331   6,017 1,314
e 11,976   12,029 -53
1,556   1,562 -6
169,272   197,020 -27,748
286,628   287,703 -1,075
3,310   3,382 -72
1,839   1,879 -40
10,406   10,371 35
4,427   4,674 -247
217   217  
6,365   4,807 1,558
6,289   5,207 1,082
13,301   11,864 1,437
852   825 27
28,023   28,333 -310
47,802   19,880 27,922
222,427   9,171 213,256
12,310   12,378 -68
2,131   1,843 288
164,191   11,368 152,823
1,481   1,313 168
7,391   6,817 574
2,400   2,520 -120
2,188   3,511 -1,323
22,510   29,414 -6,904
1,004   1,021 -17
8,741   7,777 964
15,203   8,380 6,823
19,917   12,668 7,249
47     47
2,972   3,815 -843
2,701   4,520 -1,819
6,301   6,499 -198
7,309   7,683 -374
25,552   26,226 -674
234,294   224,650 9,644
1,796   1,628 168
2,710   2,720 -10
9,514   9,662 -148
3,226   3,283 -57
2,491   1,992 499
2,711   2,372 339
1,492   1,709 -217
1,999   1,579 420
1,983   1,596 387
3,770   4,303 -533
2,316   3,097 -781
852   825 27
14,463   17,482 -3,019
5,405   5,755 -350
3,580   3,560 20
1,247   1,341 -94
63,858   66,979 -3,121
57,189   51,729 5,460
23,735   24,940 -1,205
220,422   177,727 42,695
3,398   1,385 2,013
1,316   1,269 47
190,731   193,421 -2,690
3,596   137 3,459
1,225   1,562 -337
1,084   922 162
4,609   4,115 494
8,603   568 8,035
1,673   2,232 -559
465   492 -27
1,195   1,096 99
9,237   9,895 -658
14,343   14,344 -1
4,098   3,688 410
9,662   11,636 -1,974
1,492   1,313 179
8,199   13,289 -5,090
3,560   3,008 552
3,787   3,366 421
1,672   2,549 -877
978   1,040 -62
2,733   3,422 -689
1,505   1,466 39
1,648   2,441 -793
1,403   1,361 42
2,404   2,168 236
1,442   1,311 131
2,469   3,064 -595
1,621   1,471 150
2,965   3,191 -226
1,651   805 846
2,611   2,677 -66
2,268   2,270 -2
60,506   60,940 -434
14,555   13,454 1,101
16,594   13,519 3,075
14,296   14,574 -278
7,669   9,066 -1,397
1,618   2,465 -847
3,471   3,259 212
16,014   14,235 1,779
88,430   88,764 -334
176,464   176,940 -476
10,599   12,047 -1,448
14,018   19,551 -5,533
150,000   149,982 18
21,570   15,981 5,589
2,642   2,305 337
14,156   16,318 -2,162
9,559   12,125 -2,566
20,505   10,450 10,055
27,037   16,285 10,752
22,625   22,402 223
567   434 133
27,240   18,589 8,651
11,934   5,857 6,077
19,167   9,666 9,501
60,210   52,676 7,534
19   19  
13,014   15,883 -2,869
137,095   137,936 -841
3,941   5,811 -1,870
7,881   16,692 -8,811
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       -5,555
b       -3,885
c       -4,183
d       1,314
e       -53
      -6
      -27,748
      -1,075
      -72
      -40
      35
      -247
       
      1,558
      1,082
      1,437
      27
      -310
      27,922
      213,256
      -68
      288
      152,823
      168
      574
      -120
      -1,323
      -6,904
      -17
      964
      6,823
      7,249
      47
      -843
      -1,819
      -198
      -374
      -674
      9,644
      168
      -10
      -148
      -57
      499
      339
      -217
      420
      387
      -533
      -781
      27
      -3,019
      -350
      20
      -94
      -3,121
      5,460
      -1,205
      42,695
      2,013
      47
      -2,690
      3,459
      -337
      162
      494
      8,035
      -559
      -27
      99
      -658
      -1
      410
      -1,974
      179
      -5,090
      552
      421
      -877
      -62
      -689
      39
      -793
      42
      236
      131
      -595
      150
      -226
      846
      -66
      -2
      -434
      1,101
      3,075
      -278
      -1,397
      -847
      212
      1,779
      -334
      -476
      -1,448
      -5,533
      18
      5,589
      337
      -2,162
      -2,566
      10,055
      10,752
      223
      133
      8,651
      6,077
      9,501
      7,534
       
      -2,869
      -841
      -1,870
      -8,811
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 2 448,310
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 .........................
Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 8,315
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 8,315
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 8,315
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 10,822
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 10,822
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 2,507
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax2,507 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
CA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website address  
14
The books are in care ofUS BANK NA Telephone no. (888) 265-7962

Located at60 LIVINGSTON AVESAINT PAULMN ZIP+455107
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position
(c) Compensation
(If not paid, enter
-0-)
(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
US BANK N A TRUSTEE
1
66,891    
PO BOX 64193
EAGAN,MN55164
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position
(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation
(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................  
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
6,680,711
b
Average of monthly cash balances.......................
1b
86,549
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
6,767,260
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
6,767,260
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
101,509
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,665,751
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
333,288
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
333,288
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
8,315
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,315
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
324,973
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
324,973
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
324,973
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
331,939
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
331,939
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus
(b)
Years prior to 2024
(c)
2024
(d)
2025
1 Distributable amount for 2025 from Part X, line 7 324,973
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 10,067
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: $ 331,939
a Applied to 2024, but not more than line 2a 10,067
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..... 321,872
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 ..........
3,101
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) .......
0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ...
0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ......
0
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 0
c Excess from 2023 .... 0
d Excess from 2024 .... 0
e Excess from 2025 .... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed ..........
Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed .....
         
d Amounts included in line 2c not used directly
for active conduct of exempt activities ..........
         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c ....
         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)
         
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed ..
         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) ....
         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)....
         
(3) Largest amount of support
from an exempt organization
         
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or 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)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
aPaid during the year

MEALS ON WHEELS

2254 SAN DIEGO AVE STE 200
SAN DIEGO,CA92110
NONE   GENERAL OPERATING 5,000

SAN DIEGO RIVER PARK FOUNDATION

4891 PACFIIC HWY STE 114
San Diego,CA92110
NONE   GENERAL OPERATING 5,000

EMILIO NARES FOUNDATION

2650 TRUXTUN RD STE 202
SAN DIEGO,CA92106
NONE   GENERAL OPERATING 5,000

ARCS FOUNDATION INC SAN DIEGO
CHAPTER
PO BOX 8394
RANCHO SANTA,CA92067
NONE   GENERAL OPERATING 5,000

SAN DIEGO YOUTH SYMPHONY

1650 EL PRADO STE 207
SAN DIEGO,CA92101
NONE   GENERAL OPERATING 2,500

OLIVEWOOD GARDENS LEARNING CENTER

2525 N AVE
NATIONAL CITY,CA91950
NONE   GENERAL OPERATING 5,000

OUTSIDE THE LENS

125 14TH ST
SAN DIEGO,CA92101
NONE   GENERAL OPERATING 5,000

SAN DIEGO CHALLENGE CENTER

5540 LAKE PARK WAY
LA MESA,CA91942
NONE   GENERAL OPERATING 5,000

ANZA-BORREGO FOUNDATION

PO BOX 2001
BORREGO SPRINGS,CA92004
NONE   GENERAL OPERATING 40,000

UNITED THROUGH READING

1455 FRAZEE RD STE 500
SAN DIEGO,CA92108
NONE   GENERAL OPERATING 2,500

SAN DIEGO COUNCIL ON LITERACY

3245 UNIVERSITY AVE STE 301
SAN DIEGO,CA92104
NONE   GENERAL OPERATING 2,500

AGUA HEDIONDA LAGOON FOUNDATION

1580 CANNON RD
CARLSBAD,CA92008
NONE   GENERAL OPERATING 1,500

SAN DIEGO COASTKEEPER

8305 VICKERS ST STE 209
SAN DIEGO,CA92111
NONE   GENERAL OPERATING 5,000

CLASSICS 4 KIDS

3710 FOURTH AVE STE 227
SAN DIEGO,CA92103
NONE   GENERAL OPERATING 5,000

FOREVER BALBOA PARK

1549 EL PRADO STE 1
SAN DIEGO,CA92101
NONE   GENERAL OPERATING 5,000

OUTDOOR OUTREACH

3980 SHERMAN ST STE 160
SAN DIEGO,CA92110
NONE   GENERAL OPERATING 5,000

FRIENDS OF SUNSET CLIFF

1166-A FESLER ST
EL CAJON,CA92020
NONE   GENERAL OPERATING 15,000

MONARCH SCHOOL PROJECT

1625 NEWTON AVE
SAN DIEGO,CA92113
NONE   GENERAL OPERATING 5,000

SANDIEGO350

3900 CLEVELAND AVE A
SAN DIEGO,CA92103
NONE   GENERAL OPERATING 2,000

THE SAN MARCOS PROMISE

255 PICO AVENUE STE 103
SAN MARCOS,CA92069
NONE   GENERAL OPERATING 2,500

YWCA SAN DIEGO COUNTY

1012 C ST
SAN DIEGO,CA92101
NONE   GENERAL OPERATING 10,000

CHANGING TIDES FOUNDATION

1345 ENCINITAS BLVD STE 541
ENCINITAS,CA92024
NONE   GENERAL OPERATING 5,000

CALIFORNIA STATE PARKS FOUNDATION

33 NEW MONTGOMERY ST STE 520
SAN FRANCISCO,CA94105
NONE   GENERAL OPERATING 15,000

YOSEMITE CONSERVANCY

101 MONTGOMERY ST STE 2450
SAN FRANCISCO,CA94104
NONE   GENERAL OPERATING 20,000

SAN DIEGO SOCIETY OF NATURAL HISTORY

1788 EL PRADO
SAN DIEGO,CA92101
NONE   GENERAL OPERATING 5,000

GIRLS SCOUTS SAN DIEGO

1231 UPAS ST
SAN DIEGO,CA92103
NONE   GENERAL OPERATING 5,000

ZOOLOGICAL SOCIETY OF SAN DIEGO

PO BOX 120551
SAN DIEGO,CA921120551
NONE   GENERAL OPERATING 67,000

SAN DIEGO HUMANE SOCIETY

5500 GAINES ST
SAN DIEGO,CA92110
NONE   GENERAL OPERATING 5,000

SAN DIEGO MUSEUM OF US

1350 EL PRADO
SAN DIEGO,CA92101
NONE   GENERAL OPERATING 5,000

YMCA OF SAN DIEGO COUNTY

3708 RUFFIN RD
SAN DIEGO,CA92123
NONE   GENERAL OPERATING 35,000

BIG BROTHERS BIG SISTERS OF SAN DIEGO
COUNTY
4305 UNIVERSITY AVE STE 590
SAN DIEGO,CA92105
NONE   GENERAL OPERATING 10,000

RONALD MCDONALD HOUSE CHARITIES OF SAN
DIEGO
2929 CHILDRENS WAY
SAN DIEGO,CA92123
NONE   GENERAL OPERATING 5,000

VOICES FOR CHILDREN

2851 MEADOW LARK DR
SAN DIEGO,CA92123
NONE   GENERAL OPERATING 2,500

SAN DIEGO EDUCATION FUND

4100 NORMAL ST STE 3251
SAN DIEGO,CA92103
NONE   GENERAL OPERATING 2,000

SAN DIEGO BIRD ALLIANCE

4010 MORENA BLVD STE 100
SAN DIEGO,CA92117
NONE   GENERAL OPERATING 5,000
Total ................................. 3a 325,000
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ...........
         
4 Dividends and interest from securities ....     14 220,450  
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 ............
    18 448,310  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFEDERAL TAX REFUND
    1 1,091  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   669,851  
13Total. Add line 12, columns (b), (d), and (e)..................
13
669,851
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
HELLER FOUNDATION OF SAN DIEGO
EIN:
95-6010314
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 250     250

TY 2025 InvestmentsCorpBondsSchedule
Name:
HELLER FOUNDATION OF SAN DIEGO
EIN:
95-6010314
Name of Bond End of Year Book Value End of Year Fair Market Value
91282CJB8 U S TREASURY NT    

TY 2025 InvestmentsCorpStockSchedule
Name:
HELLER FOUNDATION OF SAN DIEGO
EIN:
95-6010314
Name of Stock End of Year Book Value End of Year Fair Market Value
136375102 CANADIAN NATL RAILWA 5,428 29,853
46625H100 JPMORGAN CHASE CO 14,638 47,689
532457108 ELI LILLY CO 1,677 52,659
594918104 MICROSOFT CORP COM 6,739 109,298
867224107 SUNCOR ENERGY INC 36,432 69,202
931142103 WALMART INC COM 8,948 21,056
00724F101 ADOBE SYS INC    
007903107 ADVANCED MICRO DEVIC 22,651 39,834
012653101 ALBEMARLE CORP    
02079K305 ALPHABET INC CL A 62,172 129,269
023135106 AMAZON.COM INC 65,559 89,558
03027X100 AMERICAN TOWER CORP 14,044 12,114
037833100 APPLE INC COM 84,033 126,143
060505104 BANK OF AMERICA CORP 22,326 38,830
09290D101 BLACKROCK INC COM 18,187 24,618
127097103 COTERRA ENERGY INC 11,015 11,923
15135B101 CENTENE CORP COM    
166764100 CHEVRON CORP COM 15,535 15,698
217204106 COPART INC COM    
22160K105 COSTCO WHSL CORP 26,031 25,870
235851102 DANAHER CORP 41,154 43,495
26142V105 DRAFTKINGS INC NEW    
28176E108 EDWARDS LIFESCIENCES    
29444U700 EQUINIX INC 14,850 13,791
30303M102 META PLATFORMS INC 43,753 67,329
437076102 HOME DEPOT INC 36,152 35,098
461202103 INTUIT COM 13,201 13,248
550021109 LULULEMON ATHLETICA    
56585A102 MARATHON PETROLEUM C    
57636Q104 MASTERCARD INC 15,818 18,268
58733R102 MERCADOLIBRE INC 24,125 24,171
65339F101 NEXTERA ENERGY INC 15,899 20,953
67066G104 NVIDIA CORP COM 51,819 137,078
697435105 PALO ALTO NETWORKS I 25,819 28,367
78409V104 S P GLOBAL INC COM 15,314 18,291
79466L302 SALESFORCE COM INC    
806857108 SCHLUMBERGER LTD COM    
808513105 SCHWAB CHARLES CORP 28,423 44,160
81762P102 SERVICENOW INC 30,756 31,404
871607107 SYNOPSYS INC 34,322 33,820
87612E106 TARGET CORP COM    
88339J105 TRADE DESK INC THE C    
893641100 TRANSDIGM GROUP INC 18,154 19,948
90353T100 UBER TECHNOLOGIES IN 12,070 15,280
91324P102 UNITEDHEALTH GROUP I 47,408 34,331
922475108 VEEVA SYSTEMS INC-CL 14,766 15,849
92537N108 VERTIV HOLDINGS CO 15,819 29,648
98954M101 ZILLOW GROUP INC    
G29183103 EATON CORP PLC SHS 21,577 23,251
05722G100 BAKER HUGHES COMPANY 14,885 17,487
14040H105 CAPITAL ONE FINL COR 22,948 26,902
16411R208 CHENIERE ENERGY INC 14,336 11,663
169656105 CHIPOTLE MEXICAN GRI 22,466 20,165
46120E602 INTUITIVE SURGICAL I 14,833 16,424
502431109 L3HARRIS TECHNOLOGIE 15,129 21,137
565394103 MAPLEBEAR INC COM 11,717 11,920
595112103 MICRON TECHNOLOGY IN 10,561 33,964
64110L106 NETFLIX.COM INC 21,838 17,814
679295105 OKTA INC 34,080 29,919
87422Q109 TALEN ENERGY CORP CO 15,711 28,113
G54950103 LINDE PLC 15,524 14,924

TY 2025 InvestmentsOtherSchedule2
Name:
HELLER FOUNDATION OF SAN DIEGO
EIN:
95-6010314
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
258620301 DOUBLELINE CORE FIX      
464287465 ISHARES MSCI EAFE ET AT COST 139,814 188,315
464287655 ISHARES RUSSELL 2000      
74440B884 PGIM TOTAL RETURN BO AT COST 657,394 618,255
921943858 VANGUARD FTSE DEVELO AT COST 268,985 452,845
922042858 VANGUARD FTSE EMERGI AT COST 325,195 441,423
024524217 AMERICAN BEACON STEP      
04314H568 ARTISAN HIGH INCOME AT COST 270,479 270,724
464287226 ISHARES CORE U.S. AG AT COST 442,334 446,064
464287432 ISHARES 20 YEAR TREA AT COST 72,191 67,375
464287473 ISHARES RUSSELL MIDC AT COST 229,383 286,614
464287499 ISHARES RUSSELL MID AT COST 257,387 328,088
46432F842 ISHARES CORE MSCI EA AT COST 125,948 158,434
52470V822 WESTERN ASSET INCOME      
808524847 SCHWAB US REIT ETF AT COST 189,183 199,123
861728400 STONE RIDGE HY REINS AT COST 278,668 274,338
922042742 VANGUARD TOTAL WORLD AT COST 194,919 229,646
03463K406 ANGEL OAK MULTI STRA AT COST 203,925 205,350
56064L298 NYLI CBRE GLOBAL INF AT COST 137,685 139,955
72201F490 PIMCO INCOME FUND IN AT COST 136,878 137,003
92206C664 VANGUARD RUSSELL 200 AT COST 240,182 303,934
922908629 VANGUARD MID CAP ETF AT COST 264,830 301,829

TY 2025 OtherAssetsSchedule
Name:
HELLER FOUNDATION OF SAN DIEGO
EIN:
95-6010314
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
000000000 MISCELLANEOUS ENTRY 4,856 5,617 5,617


TY 2025 OtherDecreasesSchedule
Name:
HELLER FOUNDATION OF SAN DIEGO
EIN:
95-6010314
Description Amount
ROC ON CY SALES 1,989
PY RETURN OF CAPITAL ADJUSTMENT 7


TY 2025 OtherIncomeSchedule2
Name:
HELLER FOUNDATION OF SAN DIEGO
EIN:
95-6010314
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FEDERAL TAX REFUND 1,091 0  


TY 2025 OtherIncreasesSchedule
Name:
HELLER FOUNDATION OF SAN DIEGO
EIN:
95-6010314
Description Amount
ROUNDING 4


TY 2025 TaxesSchedule
Name:
HELLER FOUNDATION OF SAN DIEGO
EIN:
95-6010314
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 2,492 2,492   0
FEDERAL TAX PAYMENT - PRIOR YE 23,855 0   0
FEDERAL ESTIMATES - PRINCIPAL 10,822 0   0
FOREIGN TAXES ON NONQUALIFIED 1,375 1,375   0