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
CARL M JACOBS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 630858
  Room/suite
City or town
CINCINNATI
State or province
OH
Country  
ZIP or foreign postal code
452630858
A Employer identification number

81-3376722
B Telephone number (see instructions)

5135345310
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)$19,050,506J 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... 393,406 392,113  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,878,963
b Gross sales price for all assets on line 6a 8,740,787
7 Capital gain net income (from Part IV, line 2)... 1,878,963
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)....... Click to see attachment
List of Attached Documents:
// Content
593 593  
12 Total. Add lines 1 through 11........ 2,272,962 2,271,669  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 192,234 163,399   28,835
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,500 0 0 1,500
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
26,470 5,551   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
217 17   200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 220,421 168,967 0 30,535
25 Contributions, gifts, grants paid....... 805,000 805,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 1,025,421 168,967 0 835,535
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,247,541
b Net investment income (if negative, enter -0-) 2,102,702
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............. 178 2 2
2 Savings and temporary cash investments......... 653,163 1,216,225 1,216,225
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) 1,713,132 Click to see attachment
List of Attached Documents:
// Content
1,592,215 		1,617,211
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 1,385,532 Click to see attachment
List of Attached Documents:
// Content
2,055,179 		2,093,987
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 11,051,708 Click to see attachment
List of Attached Documents:
// Content
11,191,774 		14,123,081
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 14,803,713 16,055,395 19,050,506
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........ 14,803,713 16,055,395
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)..... 14,803,713 16,055,395
30 Total liabilities and net assets/fund balances (see instructions). 14,803,713 16,055,395
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
14,803,713
2
Enter amount from Part I, line 27a .....................
2
1,247,541
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
5,087
4
Add lines 1, 2, and 3 ..........................
4
16,056,341
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
946
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
16,055,395
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 50000. FEDERAL HOME LOAN BANKS 02/27/23 4.375 03/11/33   2023-05-05 2025-01-06
b 28000. UNITED STATES TREASURY NOTES 04/15/24 4.500 04/15/27   2024-10-03 2025-01-06
c 66.641 VIRTUS ALLIANZGI CONVERTIBLE FD   2024-12-11 2025-01-16
d 4.511 VIRTUS ALLIANZGI CONVERTIBLE FD   2024-02-05 2025-01-16
e 20000. HONEYWELL INTL INC 08/01/24 4.700 02/01/30   2024-07-29 2025-01-22
15000. KIMCO REALTY CORP SR GLBL NT 08/10/17 3.300 02/01/25   2024-03-20 2025-02-01
18000. KIMCO REALTY CORP SR GLBL NT 08/10/17 3.300 02/01/25   2023-11-21 2025-02-01
10000. KIMCO REALTY CORP SR GLBL NT 08/10/17 3.300 02/01/25   2023-11-21 2025-02-01
33000. ENBRIDGE INC 02/17/22 2.500 02/14/25   2024-12-17 2025-02-14
60000. UNITED STATES TREASURY NOTES 11/30/22 3.875 11/30/27   2024-12-12 2025-02-18
5000. UNITED STATES TREASURY NOTES 11/30/22 3.875 11/30/27   2024-12-12 2025-02-20
21000. UNITED STATES TREASURY NOTES 02/15/24 4.000 02/15/34   2024-03-21 2025-02-25
1000. UNITED STATES TREASURY NOTES 04/15/24 4.500 04/15/27   2024-10-03 2025-02-28
24000. UNITED STATES TREASURY NOTES 04/15/24 4.500 04/15/27   2024-10-04 2025-02-28
50000. UNITED STATES TREASURY NOTES 12/02/24 4.250 11/30/26   2024-12-12 2025-02-28
35000. UNITED STATES TREASURY NOTES 04/01/19 2.250 03/31/26   2024-10-04 2025-03-04
20000. UNITED STATES TREASURY NOTES 06/15/23 4.125 06/15/26   2024-12-17 2025-03-04
25000. UNITED STATES TREASURY NOTES 11/15/23 4.625 11/15/26   2024-10-04 2025-03-04
25000. UNITED STATES TREASURY NOTES 11/15/23 4.625 11/15/26   2024-10-04 2025-03-04
15000. UNITED STATES TREASURY NOTES 04/01/24 4.500 03/31/26   2024-10-03 2025-03-04
5000. UNITED STATES TREASURY NOTES 04/15/24 4.500 04/15/27   2024-10-04 2025-03-04
25000. US TREASURY NOTE 04/30/24 4.875 04/30/26   2024-10-03 2025-03-04
5000. US TREASURY NOTE 04/30/24 4.875 04/30/26   2024-10-03 2025-03-04
35000. UNITED STATES TREASURY NOTES 05/15/24 4.500 05/15/27   2024-10-02 2025-03-04
50000. SMUCKER J M CO SR GLBL NT 09/15/15 3.500 03/15/25   2023-08-17 2025-03-15
150.986 AQR DIVERSIFIED ARBITRAGE FUND   2024-12-11 2025-03-20
284.15 BAILLIE GIFFORD EMRG MKTS K   2023-02-15 2025-03-20
1453.182 BLACKROCK FDS II STRG OPP INSTL   2024-12-11 2025-03-20
796.812 BROWN ADVISORY SUSTAINABLE GROWTH FD INST   2024-02-05 2025-03-20
132.284 COHEN & STEERS REALTY SHARES I   2024-12-11 2025-03-20
149.258 COHEN & STEERS PFD SECURITIES & INCOME FUND CLASS I   2022-07-28 2025-03-20
40.084 CONESTOGA FDS SMALL CAP INSTL   2024-12-11 2025-03-20
171.39 DODGE & COX INTL STOCK FUND   2024-12-11 2025-03-20
70.932 MANTEIO MANAGED FUTURES STRATEGY I   2022-02-25 2025-03-20
366.484 FIDELITY INTERNATIONAL INDEX FUND   2024-12-11 2025-03-20
16.887 FIDELITY EXTENDED MARKET INDEX FUND   2024-12-11 2025-03-20
451.764 FIDELITY 500 INDEX FD INST PREMIUM   2022-10-21 2025-03-20
473.756 SEAFARER OVERSEAS GR AND INCOME INSTITUTIONAL SHARES   2023-09-01 2025-03-20
692. INVESCO EXCHANGE-TRADED FD TR S&P 500 QUALITY ETF   2024-02-05 2025-03-20
95. ISHARES S&P GLOB INFRAS INDEX FD   2024-12-11 2025-03-20
141. ISHARES CORE MSCI EMK ETF   2024-12-11 2025-03-20
254.008 MFS INTERNATIONAL EQUITY FUND   2024-12-11 2025-03-20
136.607 NEUBERGER BERMAN LONG SHORT INST   2024-12-11 2025-03-20
56.43 BOSTON PARTNERS EMRG MKTS L S INST   2022-07-28 2025-03-20
132.608 RBB FD ABBEY CP STR I   2021-05-26 2025-03-20
171.172 STONE RIDGE HIGH YIELD CL I   2024-12-11 2025-03-20
25000. UNITED STATES TREASURY NOTES 10/31/23 4.875 10/31/28   2024-11-29 2025-03-20
10000. UNITED STATES TREASURY NOTES 10/31/23 4.875 10/31/28   2024-11-15 2025-03-20
65000. UNITED STATES TREASURY NOTES 11/30/23 4.375 11/30/28   2024-12-12 2025-03-20
15000. UNITED STATES TREASURY NOTES 02/15/24 4.000 02/15/34   2024-03-21 2025-03-20
30.036 VIRTUS ALLIANZGI CONVERTIBLE FD   2024-02-05 2025-03-20
21.472 VIRTUS ALLIANZGI CONVERTIBLE FD   2022-07-28 2025-03-20
63.384 ALLSPRING SPECIAL MID CAP VALUE FUND CLASS INSTL   2024-12-11 2025-03-20
35000. ORACLE CORP 04/01/20 2.500 04/01/25   2024-03-14 2025-04-01
35000. UNITED STATES TREASURY NOTES 06/30/22 3.250 06/30/27   2024-10-03 2025-04-03
40000. UNITED STATES TREASURY NOTES 08/31/22 3.125 08/31/27   2024-10-17 2025-04-03
10000. UNITED STATES TREASURY NOTES 05/15/24 4.500 05/15/27   2024-10-02 2025-04-03
60000. UNITED STATES TREASURY NOTES 05/15/24 4.500 05/15/27   2024-10-17 2025-04-03
10000. UNITED STATES TREASURY NOTES 10/31/22 4.125 10/31/27   2024-11-15 2025-04-04
35000. UNITED STATES TREASURY NOTES 11/30/22 3.875 11/30/27   2024-12-12 2025-04-04
24000. UNITED STATES TREASURY NOTES 01/31/24 4.000 01/31/29   2024-10-09 2025-04-04
30000. GENERAL MTRS FINL CO INC 04/07/22 3.800 04/07/25   2023-08-18 2025-04-07
26000. UNITED STATES TREASURY NOTES 12/02/24 4.125 11/30/31   2024-12-12 2025-05-01
20000. UNITED STATES TREASURY NOTES 12/31/24 4.500 12/31/31   2024-12-31 2025-05-01
28000. UNITED STATES TREASURY NOTES 02/29/24 4.250 02/28/29   2024-12-17 2025-05-02
13000. UNITED STATES TREASURY NOTES 07/31/24 4.000 07/31/29   2024-10-07 2025-05-02
5000. SCHLUMBERGER INVESTMENT SA 05/29/24 5.000 06/01/34   2024-12-18 2025-05-19
25000. UNITED STATES TREASURY NOTES 10/31/23 4.875 10/31/30   2024-10-30 2025-05-19
5000. UNITED STATES TREASURY NOTES 07/31/24 4.000 07/31/29   2024-10-07 2025-05-20
17000. UNITED STATES TREASURY NOTES 02/18/25 4.625 02/15/35   2025-04-30 2025-05-20
25000. SCHWAB CHARLES CORP SR NT 05/22/18 3.850 05/21/25   2019-10-09 2025-05-21
. GRUPO TELEVISA SA DE CV GLOBAL [QDI]     2025-05-23
29000. SCHLUMBERGER INVESTMENT SA 05/29/24 5.000 06/01/34   2024-12-18 2025-05-28
22000. JOHN DEERE CAPITAL CORPORATION 01/09/25 4.650 01/07/28   2025-01-06 2025-05-29
8000. JOHN DEERE CAPITAL CORPORATION 01/09/25 4.650 01/07/28   2025-01-06 2025-05-29
8000. JOHN DEERE CAPITAL CORPORATION 01/09/25 4.650 01/07/28   2025-01-06 2025-05-29
4000. TOYOTA MOTOR CREDIT CORP. 01/05/24 4.800 01/05/34   2024-01-02 2025-05-29
14000. TOYOTA MOTOR CREDIT CORP. 01/05/24 4.800 01/05/34   2024-01-02 2025-05-29
6000. TOYOTA MOTOR CREDIT CORP. 01/05/24 4.800 01/05/34   2024-01-02 2025-05-29
5000. TOYOTA MOTOR CREDIT CORP. 01/05/24 4.800 01/05/34   2024-01-02 2025-05-29
6000. TOYOTA MOTOR CREDIT CORP. 01/05/24 4.800 01/05/34   2024-01-02 2025-05-29
5000. TOYOTA MOTOR CREDIT CORP. 01/05/24 4.800 01/05/34   2024-12-18 2025-05-29
68000. XCEL ENERGY INC SR GLBL NT 06/01/15 3.300 06/01/25   2024-12-17 2025-06-01
48000. STATE STREET CORP 02/28/25 4.536 02/28/28   2025-02-25 2025-06-03
8000.0663 UNITED STATES TREASURY NOTES 02/18/25 4.625 02/15/35   2025-04-30 2025-06-03
999.9337 UNITED STATES TREASURY NOTES 02/18/25 4.625 02/15/35   2025-04-30 2025-06-03
5000. UNITED STATES TREASURY NOTES 05/15/25 4.250 05/15/35   2025-05-29 2025-06-03
659.005 MANTEIO MANAGED FUTURES STRATEGY I   2022-02-25 2025-06-04
632.192 MANTEIO MANAGED FUTURES STRATEGY I   2022-12-27 2025-06-04
278.916 MANTEIO MANAGED FUTURES STRATEGY I   2021-12-28 2025-06-04
81.97 MANTEIO MANAGED FUTURES STRATEGY I   2023-12-26 2025-06-04
47.46 MANTEIO MANAGED FUTURES STRATEGY I   2024-02-05 2025-06-04
102.718 MANTEIO MANAGED FUTURES STRATEGY I   2024-12-11 2025-06-04
237.548 MANTEIO MANAGED FUTURES STRATEGY I   2025-01-16 2025-06-04
7000. PUBLIC STORAGE 07/26/23 5.100 08/01/33   2024-12-18 2025-06-04
42000. PUBLIC STORAGE 07/26/23 5.100 08/01/33   2023-07-27 2025-06-04
5.88 BOSTON PARTNERS EMRG MKTS L S INST   2022-07-28 2025-06-04
4000. UNITED STATES TREASURY NOTES 02/18/25 4.625 02/15/35   2025-04-30 2025-06-18
5000. UNITED STATES TREASURY NOTES 05/15/25 4.250 05/15/35   2025-05-29 2025-06-18
5000. UNITED STATES TREASURY NOTES 05/15/25 4.250 05/15/35   2025-06-16 2025-06-18
66000. UBS BANK USA 04/09/25 3.950 04/09/29   2025-04-04 2025-07-08
70000. WELLS FARGO BANK NATL ASSOC 03/11/25 4.250 03/11/27   2025-03-04 2025-07-08
70000. BANK OF AMERICA, N.A. 03/06/25 4.200 03/08/27   2025-03-04 2025-07-09
69000. GOLDMAN SACHS BANK USA 03/11/25 4.300 03/11/27   2025-02-28 2025-07-10
67000. AMERICAN EXPRESS NATIONAL BANK 05/07/25 4.100 05/07/30   2025-05-01 2025-07-14
67000. TOYOTA FINANCIAL SAVINGS BANK 04/10/25 4.000 04/10/28   2025-04-03 2025-07-15
2087.428 BAILLIE GIFFORD EMRG MKTS K   2023-02-15 2025-07-22
15.885 DODGE & COX INTL STOCK FUND   2024-12-11 2025-07-22
1180.827 FIDELITY 500 INDEX FD INST PREMIUM   2022-10-21 2025-07-22
623.707 FIDELITY 500 INDEX FD INST PREMIUM   2019-05-15 2025-07-22
7.146 SEAFARER OVERSEAS GR AND INCOME INSTITUTIONAL SHARES   2023-09-01 2025-07-22
1026.557 SEAFARER OVERSEAS GR AND INCOME INSTITUTIONAL SHARES   2024-05-30 2025-07-22
2443.769 SEAFARER OVERSEAS GR AND INCOME INSTITUTIONAL SHARES   2023-02-15 2025-07-22
4267. INVESCO EXCHANGE-TRADED FD TR S&P 500 QUALITY ETF   2024-02-05 2025-07-22
327. ISHARES S&P GLOB INFRAS INDEX FD   2024-12-11 2025-07-22
1043. ISHARES CORE MSCI EMK ETF   2024-12-11 2025-07-22
45000. KRAFT HEINZ FOODS CO 08/19/16 3.000 06/01/26   2024-10-16 2025-07-23
5000. UNITED STATES TREASURY NOTES 09/30/24 3.625 09/30/31   2024-11-29 2025-08-18
5000. UNITED STATES TREASURY NOTES 09/30/24 3.625 09/30/31   2024-11-21 2025-08-18
30000. UNITED STATES TREASURY NOTES 09/30/24 3.625 09/30/31   2024-11-21 2025-08-18
24000. UNITED STATES TREASURY NOTES 12/02/24 4.125 11/30/31   2024-12-12 2025-08-18
15400. UNITED STATES TREASURY NOTES 12/31/24 4.500 12/31/31   2025-05-29 2025-08-18
10000. UNITED STATES TREASURY NOTES 08/31/23 5.000 08/31/25   2025-07-22 2025-08-19
40000. UNITED STATES TREASURY NOTES 08/31/23 5.000 08/31/25   2025-07-22 2025-08-31
30000. ENTERGY CORPORATION 08/26/20 0.900 09/15/25   2024-12-06 2025-09-15
35000. PACCAR FINANCIAL CORP 03/03/25 4.550 03/03/28   2025-02-20 2025-09-15
46.535 AQR DIVERSIFIED ARBITRAGE FUND   2025-07-22 2025-09-19
831.959 BAILLIE GIFFORD EMRG MKTS K   2023-02-15 2025-09-19
166.037 BROWN ADVISORY SUSTAINABLE GROWTH FD INST   2025-07-22 2025-09-19
163.162 BROWN ADVISORY SUSTAINABLE GROWTH FD INST   2024-02-05 2025-09-19
42.358 COHEN & STEERS PFD SECURITIES & INCOME FUND CLASS I   2022-07-28 2025-09-19
136.274 CONESTOGA FDS SMALL CAP INSTL   2024-12-11 2025-09-19
132.641 DODGE & COX INTL STOCK FUND   2024-12-11 2025-09-19
66000. ELEVANCE HEALTH INC. 02/08/23 4.900 02/08/26   2024-12-18 2025-09-19
40.518 FIDELITY INTERNATIONAL INDEX FUND   2025-07-22 2025-09-19
245.404 FIDELITY INTERNATIONAL INDEX FUND   2024-12-11 2025-09-19
57.308 FIDELITY EXTENDED MARKET INDEX FUND   2024-12-11 2025-09-19
171.397 FIDELITY 500 INDEX FD INST PREMIUM   2019-05-15 2025-09-19
1406.817 SEAFARER OVERSEAS GR AND INCOME INSTITUTIONAL SHARES   2023-02-15 2025-09-19
250. INVESCO EXCHANGE-TRADED FD TR S&P 500 QUALITY ETF   2024-02-05 2025-09-19
417. ISHARES CORE MSCI EMK ETF   2024-12-11 2025-09-19
16.995 MFS INTERNATIONAL EQUITY FUND   2025-07-22 2025-09-19
181.708 MFS INTERNATIONAL EQUITY FUND   2024-12-11 2025-09-19
39.235 NEUBERGER BERMAN LONG SHORT INST   2025-07-22 2025-09-19
15.681 BOSTON PARTNERS EMRG MKTS L S INST   2022-07-28 2025-09-19
46.429 RBB FD ABBEY CP STR I   2021-05-26 2025-09-19
30.531 STONE RIDGE HIGH YIELD CL I   2024-12-11 2025-09-19
18.963 STONE RIDGE HIGH YIELD CL I   2024-02-05 2025-09-19
14.394 VIRTUS ALLIANZGI CONVERTIBLE FD   2025-07-22 2025-09-19
207.356 ALLSPRING SPECIAL MID CAP VALUE FUND CLASS INSTL   2024-12-11 2025-09-19
4000. MASTERCARD INCORPORATED 05/09/24 4.875 05/09/34   2024-12-18 2025-09-30
29000. MASTERCARD INCORPORATED 05/09/24 4.875 05/09/34   2024-05-08 2025-09-30
37000. AERCAP IRELAND CAPITAL DAC 08/21/18 4.450 10/01/25   2025-09-16 2025-10-01
20000. UNITED STATES TREASURY NOTES 01/31/23 3.500 01/31/30   2025-01-22 2025-10-21
15000. UNITED STATES TREASURY NOTES 01/31/25 4.250 01/31/30   2025-01-31 2025-10-21
37000. UNITED STATES TREASURY NOTES 04/30/25 3.875 04/30/30   2025-07-14 2025-10-21
1724.475 BROWN ADVISORY SUSTAINABLE GROWTH FD INST   2024-02-05 2025-10-30
35793.951 BROWN ADVISORY SUSTAINABLE GROWTH FD INST   2023-02-15 2025-10-30
70000. EAGLEBANK BETHESDA MD 03/07/25 4.200 03/07/28   2025-03-04 2025-10-30
28286. INVESCO EXCHANGE-TRADED FD TR S&P 500 QUALITY ETF   2024-02-05 2025-10-30
67000. MORGAN STANLEY PRIVATE BANK 04/09/25 4.100 10/12/27   2025-04-03 2025-10-30
25000. UNITED STATES TREASURY NOTES 11/15/23 4.625 11/15/26   2025-07-09 2025-10-30
15000. UNITED STATES TREASURY NOTES 11/15/23 4.625 11/15/26   2025-07-09 2025-10-31
5000. UNITED STATES TREASURY NOTES 08/15/25 4.250 08/15/35   2025-10-03 2025-10-31
45000. UNITED STATES TREASURY NOTES 05/15/25 4.250 05/15/35   2025-07-22 2025-11-17
12000. UNITED STATES TREASURY NOTES 05/15/25 4.250 05/15/35   2025-07-14 2025-11-17
241.408 BOSTON PARTNERS EMRG MKTS L S INST   2022-07-28 2025-11-19
21.118 BOSTON PARTNERS EMRG MKTS L S INST   2025-07-22 2025-11-19
65.001 BOSTON PARTNERS EMRG MKTS L S INST   2024-12-11 2025-11-19
116.806 BOSTON PARTNERS EMRG MKTS L S INST   2025-01-16 2025-11-19
37.132 BOSTON PARTNERS EMRG MKTS L S INST   2023-12-26 2025-11-19
39.368 BOSTON PARTNERS EMRG MKTS L S INST   2024-02-05 2025-11-19
262.948 BOSTON PARTNERS EMRG MKTS L S INST   2022-12-27 2025-11-19
838.926 BOSTON PARTNERS EMRG MKTS L S INST   2023-04-03 2025-11-19
32000. UNITED STATES TREASURY NOTES 11/30/22 3.875 11/30/29   2024-12-12 2025-11-20
35000. UNITED STATES TREASURY NOTES 10/31/24 4.125 10/31/29   2024-11-21 2025-11-20
10000. UNITED STATES TREASURY NOTES 10/31/24 4.125 10/31/29   2024-11-15 2025-11-20
30000. UNITED STATES TREASURY NOTES 11/15/23 4.625 11/15/26   2025-07-09 2025-12-01
85000. SPACE COAST CREDIT UNION 12/16/22 5.150 12/16/25   2022-12-08 2025-12-16
24000. UNITED STATES TREASURY NOTES 11/17/25 4.000 11/15/35   2025-12-01 2025-12-16
9000.57078 UNITED STATES TREASURY NOTES 11/17/25 4.000 11/15/35   2025-12-01 2025-12-17
3999.42922 UNITED STATES TREASURY NOTES 11/17/25 4.000 11/15/35   2025-12-01 2025-12-17
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 48,607   51,345 -2,738
b 28,125   28,571 -446
c 2,400   2,476 -76
d 162   141 21
e 19,828   19,983 -155
15,000   14,707 293
18,000   17,470 530
10,000   9,696 304
33,000   32,864 136
59,288   59,575 -287
4,948   4,965 -17
20,570   20,532 38
1,010   1,020 -10
24,239   24,376 -137
50,182   50,076 106
34,355   34,368 -13
20,044   19,966 78
25,286   25,382 -96
25,294   25,382 -88
15,073   15,150 -77
5,063   5,078 -15
25,243   25,406 -163
5,048   5,081 -33
35,457   35,792 -335
50,000   48,316 1,684
1,872   1,844 28
5,885   5,282 603
13,878   13,892 -14
40,462   40,677 -215
8,956   9,083 -127
1,846   1,860 -14
2,861   3,415 -554
9,677   9,120 557
616   730 -114
19,402   18,658 744
1,435   1,647 -212
89,083   58,847 30,236
5,846   5,780 66
46,262   39,250 7,012
5,175   5,116 59
7,789   7,814 -25
9,429   9,076 353
2,567   2,590 -23
511   567 -56
1,443   1,642 -199
1,539   1,619 -80
25,739   25,693 46
10,296   10,194 102
65,853   65,480 373
14,757   14,666 91
1,033   940 93
739   666 73
2,982   3,396 -414
35,000   33,929 1,071
34,668   34,725 -57
39,463   39,293 170
10,159   10,226 -67
60,954   60,837 117
10,136   9,955 181
35,268   34,763 505
24,344   24,069 275
30,000   28,911 1,089
26,287   25,843 444
20,645   20,015 630
28,400   27,990 410
13,067   13,071 -4
4,891   4,987 -96
25,894   25,947 -53
4,993   5,027 -34
17,195   17,639 -444
25,000   27,131 -2,131
223     223
28,316   28,927 -611
22,251   21,993 258
8,096   7,998 98
8,095   7,998 97
3,937   4,014 -77
13,764   14,047 -283
5,908   6,020 -112
4,923   4,995 -72
5,905   5,993 -88
4,921   4,931 -10
68,000   67,562 438
48,310   48,000 310
8,108   8,510 -402
1,013   1,064 -51
4,915   4,932 -17
4,962   6,781 -1,819
4,760   6,265 -1,505
2,100   2,761 -661
617   762 -145
357   434 -77
773   894 -121
1,789   2,060 -271
7,121   7,050 71
42,729   41,784 945
52   59 -7
4,085   4,255 -170
4,953   4,938 15
4,953   4,922 31
65,661   65,875 -214
70,112   69,965 147
70,088   69,860 228
69,190   68,862 328
66,839   66,699 140
66,804   66,812 -8
47,719   38,805 8,914
981   845 136
258,861   153,815 105,046
136,729   61,903 74,826
96   87 9
13,848   12,473 1,375
32,966   29,154 3,812
304,586   242,024 62,562
19,371   17,609 1,762
63,915   57,803 6,112
44,403   44,472 -69
4,902   4,869 33
4,902   4,860 42
29,412   28,831 581
24,155   23,855 300
15,815   15,690 125
10,000   10,005 -5
40,000   40,020 -20
30,000   29,151 849
35,649   34,979 670
598   593 5
20,957   15,466 5,491
9,746   9,703 43
9,578   8,329 1,249
538   526 12
10,069   11,611 -1,542
8,635   7,058 1,577
66,000   65,980 20
2,411   2,319 92
14,604   12,494 2,110
5,856   5,589 267
39,776   17,011 22,765
20,188   16,783 3,405
18,303   14,180 4,123
27,407   23,110 4,297
678   674 4
7,250   6,492 758
789   768 21
148   158 -10
498   575 -77
276   289 -13
171   170 1
596   549 47
10,411   11,110 -699
4,096   3,998 98
29,694   28,577 1,117
37,000   37,001 -1
19,984   19,267 717
15,430   14,948 482
37,533   36,837 696
101,951   88,034 13,917
2,116,138   1,407,060 709,078
70,657   69,895 762
2,095,710   1,604,379 491,331
67,351   66,866 485
25,230   25,200 30
15,136   15,120 16
5,063   5,054 9
45,510   44,699 811
12,136   11,833 303
2,385   2,426 -41
209   190 19
642   569 73
1,154   1,013 141
367   321 46
389   341 48
2,598   2,143 455
8,289   6,795 1,494
32,303   31,648 655
35,644   34,729 915
10,184   9,913 271
30,266   30,240 26
85,000   85,000  
23,713   23,823 -110
8,886   8,934 -48
3,948   3,970 -22
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
      308,033
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       -2,738
b       -446
c       -76
d       21
e       -155
      293
      530
      304
      136
      -287
      -17
      38
      -10
      -137
      106
      -13
      78
      -96
      -88
      -77
      -15
      -163
      -33
      -335
      1,684
      28
      603
      -14
      -215
      -127
      -14
      -554
      557
      -114
      744
      -212
      30,236
      66
      7,012
      59
      -25
      353
      -23
      -56
      -199
      -80
      46
      102
      373
      91
      93
      73
      -414
      1,071
      -57
      170
      -67
      117
      181
      505
      275
      1,089
      444
      630
      410
      -4
      -96
      -53
      -34
      -444
      -2,131
      223
      -611
      258
      98
      97
      -77
      -283
      -112
      -72
      -88
      -10
      438
      310
      -402
      -51
      -17
      -1,819
      -1,505
      -661
      -145
      -77
      -121
      -271
      71
      945
      -7
      -170
      15
      31
      -214
      147
      228
      328
      140
      -8
      8,914
      136
      105,046
      74,826
      9
      1,375
      3,812
      62,562
      1,762
      6,112
      -69
      33
      42
      581
      300
      125
      -5
      -20
      849
      670
      5
      5,491
      43
      1,249
      12
      -1,542
      1,577
      20
      92
      2,110
      267
      22,765
      3,405
      4,123
      4,297
      4
      758
      21
      -10
      -77
      -13
      1
      47
      -699
      98
      1,117
      -1
      717
      482
      696
      13,917
      709,078
      762
      491,331
      485
      30
      16
      9
      811
      303
      -41
      19
      73
      141
      46
      48
      455
      1,494
      655
      915
      271
      26
       
      -110
      -48
      -22
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 1,878,963
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 29,228
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 29,228
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 29,228
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 12,250
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 12,250
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 16,978
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax0 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
OH
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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 addressn/a
14
The books are in care ofFIFTH THIRD BANK NA Telephone no. (513) 534-7001

Located at38 FOUNTAIN SQUARE PLAZA MD1090VDCINCINNATIOH ZIP+445202
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
FIFTH THIRD BANK N A TRUSTEE
1 		192,234    
38 FOUNTAIN SQ PLAZA MD1090VD
CINCINNATI,OH45202
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
17,509,703
b
Average of monthly cash balances.......................
1b
686,337
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
18,196,040
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
18,196,040
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
272,941
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
17,923,099
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
896,155
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
896,155
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
29,228
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
29,228
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
866,927
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
866,927
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
866,927
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
835,535
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
835,535
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 7 866,927
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
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...... 37,431
d From 2023...... 8,096
e From 2024...... 0
f Total of lines 3a through e ........ 45,527
4Qualifying distributions for 2025 from Part
XI, line 4: $ 835,535
a Applied to 2024, but not more than line 2a 0
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..... 835,535
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 31,392 31,392
(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 14,135
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 .......... 		0
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 ...... 		14,135
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 6,039
c Excess from 2023 .... 8,096
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).)
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 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

AMERICAN SOCIETY FOR THE PREVENTION
OF CRUELTY TO ANIMALS
520 8TH AVE 7TH FL
NEW YORK,NY10018 		NONE   PROJECT/PROGRAM SUPPORT 10,000

METROPOLITAN MUSEUM OF ART

1000 5TH AVE
NEW YORK,NY100280198 		NONE   ANNUAL FUND 25,000

METROPOLITAN OPERA ASSOCIATION

LINCOLN CENTER
NEW YORK,NY10023 		NONE   ANNUAL FUND 25,000

MUSEUM OF MODERN ART

11 W 53RD ST
NEW YORK,NY100195498 		NONE   ANNUAL FUND & 70,000

ENTERTAINMENT COMMUNITY FUND

729 7TH AVE 10TH FL
NEW YORK,NY100196831 		NONE   ANNUAL FUND 15,000

LINCOLN CENTER FOR THE PERFORMING ARTS

70 LINCOLN CENTER PLAZA
NEW YORK,NY100236548 		NONE   ANNUAL FUND 15,000

BALLET THEATRE FOUNDATION INC

890 BROADWAY
NEW YORK,NY10003 		NONE   PROJECT/PROGRAM SUPPORT 15,000

NEW YORK PUBLIC LIBRARY

445 5TH AVE 4TH FL
NEW YORK,NY10016 		NONE   PROJECT/PROGRAM SUPPORT 35,000

CARNEGIE HALL CORPORATION

881 7TH AVE
NEW YORK,NY100193210 		NONE   ANNUAL FUND 20,000

PLAYWRIGHTS HORIZONS INC
ATTN DEVELOPMENT
416 W 42ND ST
NEW YORK,NY100366896 		NONE   PROJECT/PROGRAM SUPPORT 15,000

NEW YORK CITY BALLET

DAVID H KOCH THEATER
NEW YORK,NY100236913 		NONE   PROJECT/PROGRAM SUPPORT 20,000

THE FOUNDATION FOR AIDS RESEARCH (AMFAR)

120 WALL ST 13TH FL
NEW YORK,NY100053908 		NONE   GENERAL OPERATING SUPPORT 10,000

FOOD BANK FOR NEW YORK CITYFOOD FOR
SURVIVAL
39 BROADWAY 10TH FL
NEW YORK,NY10006 		NONE   PROJECT/PROGRAM SUPPORT 15,000

DOCTORS WITHOUT BORDERSMEDECINS SANS
FRONTIERS USA INC
40 RECTOR ST 16TH FL
NEW YORK,NY100061705 		NONE   GENERAL OPERATING SUPPORT 15,000

BROADWAY CARESEQUITY FIGHTS AIDS

165 W 46TH ST STE 1300
NEW YORK,NY100362501 		NONE   ANNUAL FUND 15,000

INTERNATIONAL RESCUE COMMITTEE

122 E 42ND ST
NEW YORK,NY101681289 		NONE   ANNUAL FUND 20,000

AMERICAN MUSEUM OF NATURAL HISTORY

79TH ST AT CENTRAL PARK W
NEW YORK,NY10024 		NONE   ANNUAL FUND 15,000

PHOENIX HOUSE FOUNDATION INC

50 JAY ST
BROOKLYN,NY11201 		NONE   PROJECT/PROGRAM SUPPORT 10,000

MANHATTAN THEATRE CLUB INC

311 W 43RD ST 8TH FL
NEW YORK,NY100366413 		NONE   PROJECT/PROGRAM SUPPORT 15,000

SEARCH AND CARE INC

207 E 94TH ST
NEW YORK,NY10128 		NONE   PROJECT/PROGRAM SUPPORT 15,000

CINCINNATI MUSEUM ASSOCIATION

953 EDEN PARK DR
CINCINNATI,OH452021557 		NONE   PROJECT/PROGRAM SUPPORT 285,000

CINCINNATI SYMPHONY ORCHESTRA

1241 ELM STREET
CINCINNATI,OH45202 		NONE   PROGRAM SUPPORT 75,000

WORLD WILDLIFE FUND

1250 24TH ST NW
WASHINGTON,DC200371193 		NONE   PROJECT/PROGRAM SUPPORT 15,000

INTERNATIONAL CENTER OF GREATER
CINCINNATI
4215 LEEPER ST STE 1
CINCINNATI,OH45223 		NONE   PROGRAM SUPPORT 10,000

SOUTHERN POVERTY LAW CENTER

400 WASHINGTON AVE
MONTGOMERY,AL36104 		NONE   PROJECT/PROGRAM SUPPORT 10,000

THE MENNINGER CLINIC FOUNDATION

12301 MAIN ST
HOUSTON,TX77035 		NONE   ANNUAL FUND 15,000
Total ................................. 3a 805,000
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 ....     14 393,406  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,878,963  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aSECTION 897 CAPITA 		    14 593  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   2,272,962  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,272,962
(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:
CARL M JACOBS FOUNDATION
EIN:
81-3376722
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

TY 2025 ExplnOfNonFilingWithAGStmt
Name:
CARL M JACOBS FOUNDATION
EIN:
81-3376722
Statement:
THE ATTORNEY GENERAL OF THE STATE OF OHIO REQUIRES PRIVATE FOUNDATIONS TO ANNUALLY FILE A REPORT ONLINE THAT HIGHLIGHTS KEY INFORMATION FROM THE FORM 990-PF FOR PUBLIC DISCLOSURE PURPOSES. THIS TRUST TIMELY SUBMITS THIS ONLINE FILING IN LIEU OF FURNISHING A COPY OF ITS FORM 990-PF TO THE STATE.

TY 2025 InvestmentsCorpBondsSchedule
Name:
CARL M JACOBS FOUNDATION
EIN:
81-3376722
Name of Bond End of Year Book Value End of Year Fair Market Value
172967KG5 CITIGROUP INC. 01/12 38,541 34,996
808513AX3 SCHWAB CHARLES CORP    
78016FZS6 ROYAL BANK OF CANADA 50,122 50,348
017175AE0 ALLEGHANY CORP 05/18 32,710 34,168
35137LAN5 FOX CORPORATION 10/1 31,291 34,174
37045XDU7 GENERAL MTRS FINL CO    
49446RAU3 KIMCO REALTY CORP SR    
571903BN2 MARRIOTT INTERNATION 24,829 25,961
74460WAG2 PUBLIC STORAGE 07/26    
7591EPAT7 REGIONS FINANCIAL CO 41,652 47,311
832696AK4 SMUCKER J M CO SR GL    
863667BC4 STRYKER CORPORATION 23,977 24,568
961214DW0 WESTPAC BANKING CORP 46,811 49,602
00206RML3 AT&T INC 03/23/21 1. 41,982 44,772
02665WFE6 AMERICAN HONDA FINAN 29,029 29,632
055451BD9 BHP BILLITON FINANCE 29,585 30,209
14913UAJ9 CATERPILLAR FINANCIA 27,962 28,770
20030NDA6 COMCAST CORPORATION 27,067 28,314
20030NEH0 COMCAST CORPORATION 9,993 10,323
28622HAA9 ELEVANCE HEALTH INC    
29250NBL8 ENBRIDGE INC 02/17/2    
29364GAM5 ENTERGY CORP NEW SR    
438516CY0 HONEYWELL INTL INC 0    
50077LAD8 KRAFT HEINZ FOODS CO    
526057CV4 LENNAR CORP. 06/11/1 29,165 29,228
57636QAZ7 MASTERCARD INC SR NT    
58013MFX7 MCDONALD'S CORP. 05/ 9,962 10,292
666807CK6 NORTHROP GRUMMAN COR 29,985 30,456
68389XBT1 ORACLE CORP 04/01/20    
78355HKP3 RYDER SYSTEM, INC. 1 43,596 44,564
806854AM7 SCHLUMBERGER INVT SA    
828807DM6 SIMON PROPERTY GROUP 32,537 35,270
87264ACB9 T-MOBILE USA, INC. 0 32,121 34,716
89115A2W1 THE TORONTO-DOMINION 39,000 39,495
89157XAA9 TOTALENERGIES CAPITA 33,263 34,259
89236TLM5 TOYOTA MTR CR CORP M    
89236TMF9 TOYOTA MOTOR CREDIT 42,908 44,355
91324PED0 UNITEDHEALTH GROUP I 33,205 35,171
961214FN8 WESTPAC BANKING CORP 9,206 9,413
98389BAR1 XCEL ENERGY INC SR G    
00224TAP1 A PLUS FEDERAL CREDI 49,875 50,911
00287YDY2 ABBVIE INC. 02/26/25 59,920 61,006
023135CV6 AMAZON.COM, INC. 11/ 60,851 60,754
11135FCW9 BROADCOM INC 09/29/2 75,892 75,942
171239AM8 CHUBB INA HOLDINGS L 65,968 66,280
231021BA3 CUMMINS INC. 05/09/2 61,131 62,218
29379VCK7 ENTERPRISE PRODS OPE 33,968 34,418
30303MAB8 META PLATFORMS INC 1 46,969 47,099
30303MAC6 META PLATFORMS INC 1 30,998 31,249
37045XBQ8 GENERAL MOTORS FINAN 43,777 43,980
37045XDK9 GENERAL MOTORS FINAN 28,996 29,661
38145GAH3 GOLDMAN SACHS GROUP, 29,550 29,895
38151PBR1 GOLDMAN SACHS BANK U 72,672 72,818
58013MGB4 MCDONALD'S CORP. 08/ 84,993 85,684
61690D2C1 MORGAN STANLEY BK NA 66,866 67,492
74460WAE7 PUBLIC STORAGE 04/23 45,007 46,112
747525BU6 QUALCOMM INC. 05/21/ 29,988 30,495
84756NAH2 SPECTRA ENERGY PARTN 36,755 36,833
857477DB6 STATE STREET CORP. 0 33,258 33,974
87264ABR5 T-MOBILE USA, INC. 0 25,577 25,940
88241TJY7 TEXAS EXCHANGE BANK 74,925 70,912
882508CK8 TEXAS INSTRUMENTS IN 29,983 30,478
89236TNJ0 TOYOTA MOTOR CREDIT 40,226 41,043
90352RCZ6 USALLIANCE FEDERAL C 59,820 61,226
90355GB39 UBS BANK USA 11/26/2 76,715 77,200

TY 2025 InvestmentsGovtObligationsSch
Name:
CARL M JACOBS FOUNDATION
EIN:
81-3376722
US Government Securities - End of Year Book Value:

1,592,215
US Government Securities - End of Year Fair Market Value:

1,617,211
State & Local Government Securities - End of Year Book Value:


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


 


TY 2025 InvestmentsOtherSchedule2
Name:
CARL M JACOBS FOUNDATION
EIN:
81-3376722
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
315911750 FIDELITY 500 INDEX F AT COST 3,419,668 6,123,793
317609295 SEAFARER OVERSEAS GR AT COST 258,653 358,086
00203H602 AQR DIVERSIFIED ARBI AT COST 57,116 61,602
19248X307 COHEN & STEERS PFD S AT COST 52,352 55,213
64128R608 NEUBERGER BERMAN LON AT COST 78,278 90,571
74925K326 BOSTON PARTNERS EMRG      
74925K367 RBB FD ABBEY CP STR AT COST 55,498 53,003
861728400 STONE RIDGE HIGH YIE AT COST 43,879 44,413
88241TJY7 TEXAS EXCHANGE BK CR      
92838V833 VIRTUS ALLIANZGI CON AT COST 53,243 64,283
84614AAG4 SPACE COAST CR UN 12      
00224TAP1 A+ FED CR UN AUSTIN      
056823396 BAILLIE GIFFORD EMRG AT COST 286,133 397,125
115233207 BROWN ADVISORY SUSTA      
90352RCZ6 USALLIANCE FCU RYE N      
09260B382 BLACKROCK FDS II STR AT COST 653,875 667,397
192476505 COHEN & STEERS REALT AT COST 261,174 264,064
207019704 CONESTOGA FDS SMALL AT COST 549,514 439,671
256206103 DODGE & COX INTL STO AT COST 332,802 404,350
30254T510 MANTEIO MANAGED FUTU      
315911727 FIDELITY INTERNATION AT COST 674,108 794,832
315911743 FIDELITY EXTENDED MA AT COST 262,535 271,301
46137V241 INVESCO EXCHANGE-TRA      
464288372 ISHARES S&P GLOB INF AT COST 238,830 285,754
46434G103 ISHARES CORE MSCI EM AT COST 425,581 506,570
552966806 MFS INTERNATIONAL EQ AT COST 329,029 370,215
949915482 ALLSPRING SPECIAL MI AT COST 539,280 461,077
256219106 DODGE & COX STK FD AT COST 1,285,963 1,241,078
411511504 HARBOR CAPITAL APPRE AT COST 1,334,263 1,168,683

TY 2025 OtherDecreasesSchedule
Name:
CARL M JACOBS FOUNDATION
EIN:
81-3376722
Description Amount
CY ACCRUED INTEREST PAID 649
MUTUAL FUND TIMING ADJUSTMENT 140
MUTUAL FUND EARNINGS 22
COST BASIS ADJUSTMENT 135


TY 2025 OtherExpensesSchedule
Name:
CARL M JACOBS FOUNDATION
EIN:
81-3376722
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE FILING/TAXES PAID 200 0   200
INVESTMENT EXPENSES ON DIVIDEN 17 17   0


TY 2025 OtherIncomeSchedule2
Name:
CARL M JACOBS FOUNDATION
EIN:
81-3376722
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
SECTION 897 CAPITAL GAIN 593 593  


TY 2025 OtherIncreasesSchedule
Name:
CARL M JACOBS FOUNDATION
EIN:
81-3376722
Description Amount
PY ACCRUED INTEREST CARRYOVER 5,087


TY 2025 TaxesSchedule
Name:
CARL M JACOBS FOUNDATION
EIN:
81-3376722
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 33 33   0
PRIOR YEAR EXCISE TAX PAID 8,669 0   0
EXCISE TAX ESTIMATE 12,250 0   0
FOREIGN TAXES ON QUALIFIED FOR 3,523 3,523   0
FOREIGN TAXES ON NONQUALIFIED 1,995 1,995   0