TY 2025 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

OMB No. 1545-0047

2025

Open to Public Inspection

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

Name of foundation
WILLIAM RANKIN ELIZABETH FORBES RANKIN TRUST

Number and street (or P.O. box number if mail is not delivered to street address) 10 S DEARBORN IL1-0111
Room/suite

City or town
CHICAGO

State or province
IL

Country

ZIP or foreign postal code
60603

A Employer identification number

13-6584984

B Telephone number (see instructions)

8004962583

C If exemption application is pending, check here

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

Address change Name change

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

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

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

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

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

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$14,097,604J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	381,414		381,385
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		484,258
b	Gross sales price for all assets on line 6a 2,701,258
7	Capital gain net income (from Part IV, line 2)...			484,258
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).......
12	Total. Add lines 1 through 11........	865,672		865,643
13	Compensation of officers, directors, trustees, etc.	144,598		81,623		62,975
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).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	16,612	6,342		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	750			750
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	161,960		87,965	0	63,725
25	Contributions, gifts, grants paid.......	549,915				549,915
26	Total expenses and disbursements. Add lines 24 and 25 ................	711,875		87,965	0	613,640
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	153,797
b	Net investment income (if negative, enter -0-)			777,678
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2025)

Form 990-PF (2025)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	193,025	185,921	185,921
	2	Savings and temporary cash investments.........	66,083	190,865	190,865
	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).......	5,405,452	List of Attached Documents: // Content 5,394,245	10,809,271
	c	Investments—corporate bonds (attach schedule).......	2,280,180	List of Attached Documents: // Content 2,177,305	2,115,056
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	644,008	List of Attached Documents: // Content 794,528	796,491
	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)	8,588,748	8,742,864	14,097,604
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	8,588,748	8,742,864
	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).....	8,588,748	8,742,864
	30	Total liabilities and net assets/fund balances (see instructions).	8,588,748	8,742,864

Part III

Analysis of Changes in Net Assets or Fund Balances

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

8,588,748

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

153,797

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

List of Attached Documents:

// Content

1,861

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

8,744,406

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

List of Attached Documents:

// Content

1,542

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

8,742,864

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	. ALEXION PHARMACEUTICALS INC			2025-01-03
b	2. COSTCO WHSL CORP NEW		2021-10-27	2025-01-24
c	15. COSTCO WHSL CORP NEW		2021-10-27	2025-01-24
d	8. LILLY ELI & CO		2016-12-16	2025-01-27
e	322. MONSTER BEVERAGE CORP		2022-06-17	2025-01-27
	2. MONSTER BEVERAGE CORP		2022-06-17	2025-01-27
	140. MONSTER BEVERAGE CORP		2022-06-17	2025-01-27
	18. MONSTER BEVERAGE CORP		2022-06-17	2025-01-28
	. VALEANT PHARMACEUTICALS INTE			2025-02-10
	72. APPLE COMPUTER INC			2025-02-13
	20. NXP SEMICONDUCTORS NV		2024-11-13	2025-02-13
	7. NXP SEMICONDUCTORS NV		2024-11-13	2025-02-13
	10. NXP SEMICONDUCTORS NV		2024-11-13	2025-02-13
	1. NXP SEMICONDUCTORS NV		2020-07-10	2025-02-13
	55. HONEYWELL INTL INC		2025-01-24	2025-03-25
	2. HONEYWELL INTL INC		2025-01-24	2025-03-25
	10. HONEYWELL INTL INC		2010-02-01	2025-03-25
	57. HONEYWELL INTL INC		2010-02-01	2025-03-26
	19. HONEYWELL INTL INC		2010-02-01	2025-03-26
	29. HONEYWELL INTL INC		2010-02-01	2025-03-26
	20. HONEYWELL INTL INC		2010-02-01	2025-03-27
	20. HONEYWELL INTL INC		2010-02-01	2025-03-27
	115. APPLE COMPUTER INC			2025-04-04
	55. APPLE COMPUTER INC		2024-06-05	2025-04-09
	137. NORFOLK SOUTHN CORP			2025-04-09
	71. NORFOLK SOUTHN CORP			2025-04-09
	14. REGENERON PHARMACEUTICALS INC		2021-10-12	2025-04-28
	107. EXXON MOBIL CORP			2025-05-01
	123. EXXON MOBIL CORP			2025-05-01
	1560. JPMORGAN BETABUILDERS EUROPE ETF		2023-01-18	2025-05-07
	1129. JPMORGAN BETABUILDERS JAPAN ETF			2025-05-07
	15186.817 SIX CIRCLES INTL UNCON EQ			2025-05-07
	92. ALPHABET INC-CL C			2025-05-22
	14. NXP SEMICONDUCTORS NV		2020-07-10	2025-05-22
	9. NXP SEMICONDUCTORS NV		2019-02-20	2025-05-22
	119. NXP SEMICONDUCTORS NV			2025-05-22
	1. NXP SEMICONDUCTORS NV		2019-02-19	2025-05-22
	30. NXP SEMICONDUCTORS NV		2019-02-19	2025-05-22
	7. NXP SEMICONDUCTORS NV		2019-02-19	2025-05-22
	3. NXP SEMICONDUCTORS NV		2019-02-19	2025-05-22
	3. NXP SEMICONDUCTORS NV		2019-02-19	2025-05-23
	7. NXP SEMICONDUCTORS NV		2019-02-19	2025-05-23
	627.486 FIDELITY 500 INDEX FUND		2024-11-27	2025-06-09
	105. FISERV INC			2025-06-20
	79. FISERV INC			2025-06-20
	15. MASTERCARD INC - CLASS A			2025-06-20
	16. MASTERCARD INC - CLASS A			2025-06-20
	33. REGENERON PHARMACEUTICALS INC			2025-06-20
	50. BROADCOM INC		2024-12-17	2025-07-11
	18. FISERV INC			2025-07-11
	181. FISERV INC			2025-07-11
	90. INTUITIVE SURGICAL INC NEW			2025-07-11
	5. INGERSOLL RAND INC		2025-07-11	2025-08-01
	135. INGERSOLL RAND INC		2025-07-11	2025-08-01
	186. INGERSOLL RAND INC			2025-08-01
	450. BRISTOL MYERS SQUIBB CO			2025-08-21
	98. BRISTOL MYERS SQUIBB CO		2019-11-21	2025-08-21
	4. OTIS WORLDWIDE CORP		2024-10-14	2025-08-21
	97. OTIS WORLDWIDE CORP			2025-08-21
	20. OTIS WORLDWIDE CORP			2025-08-21
	63. OTIS WORLDWIDE CORP			2025-08-21
	47. OTIS WORLDWIDE CORP		2024-10-01	2025-08-22
	152. OTIS WORLDWIDE CORP			2025-08-22
	7. OTIS WORLDWIDE CORP		2024-11-01	2025-08-22
	78. OTIS WORLDWIDE CORP			2025-08-22
	98. OTIS WORLDWIDE CORP			2025-08-22
	2. BOOKING HOLDINGS INC		2020-10-13	2025-09-08
	1. BOOKING HOLDINGS INC		2020-09-30	2025-09-08
	47. BOSTON SCIENTIFIC CORP			2025-09-08
	56. BOSTON SCIENTIFIC CORP		2016-09-15	2025-09-08
	97. CONOCOPHILLIPS			2025-09-08
	2. CONOCOPHILLIPS		2022-01-05	2025-09-08
	63. CONOCOPHILLIPS			2025-09-08
	41. SALESFORCE.COM INC		2024-03-20	2025-09-08
	34. SALESFORCE.COM INC		2024-03-20	2025-09-08
	18. LINDE PLC		2019-04-25	2025-09-08
	13. LINDE PLC		2019-04-25	2025-09-08
	38. BOSTON SCIENTIFIC CORP		2016-09-15	2025-09-09
	79. BRISTOL MYERS SQUIBB CO		2024-10-01	2025-09-11
	300. BRISTOL MYERS SQUIBB CO		2019-11-21	2025-09-11
	61. INGERSOLL RAND INC			2025-09-11
	8. INGERSOLL RAND INC		2021-05-14	2025-09-11
	8. INGERSOLL RAND INC		2021-05-14	2025-09-11
	152. INGERSOLL RAND INC			2025-09-11
	1838.859 PIMCO MTGE OPPORTUNITIES IS		2024-10-07	2025-09-11
	4846.347 PIMCO MTGE OPPORTUNITIES IS		2023-08-03	2025-09-11
	23. SALESFORCE.COM INC		2024-03-20	2025-09-11
	42. SALESFORCE.COM INC			2025-09-11
	1426. VANGUARD INT-TERM CORPORATE		2023-12-04	2025-09-11
	137. BRISTOL MYERS SQUIBB CO		2024-10-01	2025-09-12
	6. ABBVIE INC		2023-10-27	2025-09-15
	13. ALPHABET INC-CL C			2025-09-15
	18. AMAZON COM INC		2025-05-22	2025-09-15
	3. AMERICAN EXPRESS CO		2019-05-16	2025-09-15
	15. APPLE COMPUTER INC		2025-09-08	2025-09-15
	28. BANK OF AMERICA CORPORATION		2025-06-20	2025-09-15
	7. BOSTON SCIENTIFIC CORP		2016-09-15	2025-09-15
	5. BROADCOM INC		2025-09-11	2025-09-15
	1. CADENCE DESIGN SYS INC		2024-11-13	2025-09-15
	10. CANADIAN PACIFIC KANSAS CITY		2025-07-11	2025-09-15
	6. CONOCOPHILLIPS		2022-01-05	2025-09-15
	8. DISNEY WALT CO		2024-11-21	2025-09-15
	2. ECOLAB INC		2025-06-12	2025-09-15
	12. EXXON MOBIL CORP		2022-11-01	2025-09-15
	5. FACEBOOK INC-A		2021-03-05	2025-09-15
	3. ARTHUR J GALLAGHER & CO		2021-04-29	2025-09-15
	3. HILTON WORLDWIDE HOLDINGS IN		2021-02-24	2025-09-15
	5. HOWMET AEROSPACE INC		2025-09-11	2025-09-15
	7. JOHNSON & JOHNSON		2025-08-21	2025-09-15
	1. LILLY ELI & CO		2025-04-04	2025-09-15
	4. LOWES COS INC		2025-09-08	2025-09-15
	1. MARTIN MARIETTA MATLS INC		2023-11-09	2025-09-15
	4. MASTERCARD INC - CLASS A		2022-06-17	2025-09-15
	4. MCDONALDS CORP		2024-12-17	2025-09-15
	14. MICROSOFT CORP		2025-04-09	2025-09-15
	8. MONDELEZ INTERNATIONAL-W/I		2024-05-13	2025-09-15
	9. MORGAN STANLEY DEAN WITTER & CO NEW			2025-09-15
	10. NEXTERA ENERGY INC		2024-09-12	2025-09-15
	39. NVIDIA CORP		2025-04-04	2025-09-15
	3. OLD DOMINION FREIGHT LINE INC COM		2021-09-09	2025-09-15
	5. PEPSICO INC			2025-09-15
	5. PROGRESSIVE CORP OHIO		2022-04-07	2025-09-15
	2. S&P GLOBAL INC		2022-12-02	2025-09-15
	1. SALESFORCE.COM INC		2024-04-12	2025-09-15
	1. SHERWIN WILLIAMS CO		2024-11-21	2025-09-15
	13. SOUTHERN CO		2025-04-04	2025-09-15
	2. STRYKER CORP		2023-09-13	2025-09-15
	4. TJX COS INC NEW		2023-09-22	2025-09-15
	3. TAIWAN SEMICONDUCTOR MFG CO LTD		2025-06-20	2025-09-15
	7. TEXAS INSTRS INC		2025-07-11	2025-09-15
	2. THERMO ELECTRON CORP		2024-01-29	2025-09-15
	3. UNITEDHEALTH GROUP INC		2012-01-19	2025-09-15
	6. WAL MART STORES INC			2025-09-15
	3. WASTE CONNECTIONS INC		2021-01-08	2025-09-15
	20. WELLS FARGO & CO NEW		2025-06-20	2025-09-15
	3. EATON CORP PLC		2021-03-03	2025-09-15
	2. LINDE PLC		2019-04-25	2025-09-15
	2. TRANE TECHNOLOGIES PLC		2025-08-01	2025-09-15
	1. ASML HOLDING NV-NY REG SHS		2024-11-13	2025-09-15
	128. CONOCOPHILLIPS			2025-09-23
	66. SALESFORCE.COM INC		2024-10-01	2025-09-23
	53. SALESFORCE.COM INC			2025-09-23
	87. PROGRESSIVE CORP OHIO			2025-10-10
	159. WELLS FARGO & CO NEW		2025-06-20	2025-10-10
	39. WELLS FARGO & CO NEW		2021-02-19	2025-10-10
	8. SHERWIN WILLIAMS CO		2024-11-21	2025-10-17
	47. SHERWIN WILLIAMS CO		2024-11-21	2025-10-17
	6. SHERWIN WILLIAMS CO		2024-11-21	2025-10-17
	7. SHERWIN WILLIAMS CO		2024-11-21	2025-10-17
	27705.098 SIX CIRCLES CREDIT OPPORT			2025-10-21
	29. VANGUARD MORTGAGE-BACKED SEC		2024-11-27	2025-10-21
	1. VANGUARD MORTGAGE-BACKED SEC		2024-11-27	2025-10-21
	5647. VANGUARD MORTGAGE-BACKED SEC		2024-11-27	2025-10-21
	18. ABBVIE INC		2019-11-11	2025-10-23
	34. ALPHABET INC-CL C			2025-10-23
	18. AMAZON COM INC		2025-05-22	2025-10-23
	3. AMAZON COM INC		2025-05-22	2025-10-23
	28. AMAZON COM INC			2025-10-23
	9. AMERICAN EXPRESS CO		2019-05-16	2025-10-23
	49. APPLE COMPUTER INC		2025-09-08	2025-10-23
	72. BANK OF AMERICA CORPORATION		2025-06-20	2025-10-23
	1. BOOKING HOLDINGS INC		2020-09-30	2025-10-23
	26. BOSTON SCIENTIFIC CORP		2016-09-15	2025-10-23
	18. BROADCOM INC		2025-09-11	2025-10-23
	5. CADENCE DESIGN SYS INC		2024-11-13	2025-10-23
	9. CANADIAN PACIFIC KANSAS CITY		2025-07-11	2025-10-23
	20. CANADIAN PACIFIC KANSAS CITY		2025-07-11	2025-10-23
	20. CONOCOPHILLIPS		2021-03-18	2025-10-23
	2. COSTCO WHSL CORP NEW		2021-10-27	2025-10-23
	20. DISNEY WALT CO		2024-11-21	2025-10-23
	9. ECOLAB INC		2025-10-17	2025-10-23
	32. EXXON MOBIL CORP		2022-11-01	2025-10-23
	15. FACEBOOK INC-A			2025-10-23
	7. ARTHUR J GALLAGHER & CO			2025-10-23
	8. HILTON WORLDWIDE HOLDINGS IN		2021-02-24	2025-10-23
	14. HOWMET AEROSPACE INC			2025-10-23
	3. INTUIT		2025-09-23	2025-10-23
	25. JOHNSON & JOHNSON		2025-10-10	2025-10-23
	2. LILLY ELI & CO		2025-04-04	2025-10-23
	14. LOWES COS INC		2025-09-08	2025-10-23
	4. MARTIN MARIETTA MATLS INC		2023-11-09	2025-10-23
	13. MASTERCARD INC - CLASS A		2025-10-10	2025-10-23
	10. MCDONALDS CORP		2024-12-17	2025-10-23
	18. MICROSOFT CORP		2025-04-09	2025-10-23
	17. MICROSOFT CORP		2009-07-29	2025-10-23
	24. MONDELEZ INTERNATIONAL-W/I		2024-05-13	2025-10-23
	27. MORGAN STANLEY DEAN WITTER & CO NEW		2013-01-16	2025-10-23
	40. NEXTERA ENERGY INC		2024-09-12	2025-10-23
	50. NVIDIA CORP		2025-04-04	2025-10-23
	62. NVIDIA CORP		2023-03-07	2025-10-23
	8. OLD DOMINION FREIGHT LINE INC COM		2021-09-09	2025-10-23
	14. PEPSICO INC		2024-09-12	2025-10-23
	14. PROGRESSIVE CORP OHIO		2022-04-08	2025-10-23
	4. S&P GLOBAL INC		2022-12-02	2025-10-23
	3. SERVICENOW INC		2025-09-08	2025-10-23
	39. SOUTHERN CO		2025-04-04	2025-10-23
	5. STRYKER CORP		2023-09-13	2025-10-23
	13. TJX COS INC NEW		2023-09-22	2025-10-23
	9. TAIWAN SEMICONDUCTOR MFG CO LTD		2025-06-20	2025-10-23
	20. TEXAS INSTRS INC		2025-07-11	2025-10-23
	4. THERMO ELECTRON CORP			2025-10-23
	11. UNITEDHEALTH GROUP INC		2012-01-19	2025-10-23
	16. WAL MART STORES INC			2025-10-23
	9. WASTE CONNECTIONS INC		2021-01-08	2025-10-23
	58. WELLS FARGO & CO NEW		2021-02-19	2025-10-23
	8. EATON CORP PLC		2021-03-03	2025-10-23
	6. LINDE PLC		2019-04-25	2025-10-23
	6. TRANE TECHNOLOGIES PLC			2025-10-23
	2. ASML HOLDING NV-NY REG SHS		2024-11-13	2025-10-23
	47. CANADIAN PACIFIC KANSAS CITY		2025-07-11	2025-11-03
	269. CANADIAN PACIFIC KANSAS CITY			2025-11-03
	1. CANADIAN PACIFIC KANSAS CITY		2025-04-09	2025-11-03
	236. CANADIAN PACIFIC KANSAS CITY		2025-04-09	2025-11-03
	8. MCDONALDS CORP		2024-12-17	2025-11-03
	33. MCDONALDS CORP		2024-12-17	2025-11-03
	4. MCDONALDS CORP		2024-05-17	2025-11-03
	108. CANADIAN PACIFIC KANSAS CITY			2025-11-04
	11. CANADIAN PACIFIC KANSAS CITY		2025-04-09	2025-11-04
	7. CANADIAN PACIFIC KANSAS CITY		2025-04-09	2025-11-04
	153. CONOCOPHILLIPS			2025-11-21
	3. MARTIN MARIETTA MATLS INC			2025-11-21
	1. MARTIN MARIETTA MATLS INC		2023-11-08	2025-11-21
	33. BROADCOM INC			2025-11-24
	6. MARTIN MARIETTA MATLS INC		2023-11-08	2025-11-24
	11. ASML HOLDING NV-NY REG SHS			2025-11-24
	6. MARTIN MARIETTA MATLS INC		2023-11-08	2025-11-25
	7. MARTIN MARIETTA MATLS INC		2023-11-08	2025-11-26
	48. MONDELEZ INTERNATIONAL-W/I		2024-05-13	2025-12-03
	72. MONDELEZ INTERNATIONAL-W/I		2024-05-13	2025-12-03
	19. PEPSICO INC			2025-12-03
	53. PEPSICO INC			2025-12-03
	30. SOUTHERN CO		2025-04-04	2025-12-03
	66. SOUTHERN CO			2025-12-03
	75.606 FIDELITY 500 INDEX FUND		2025-05-07	2025-12-08
	7.269 FIDELITY 500 INDEX FUND		2024-11-27	2025-12-08
	300. JPMORGAN BETABUILDERS JAPAN ETF		2021-01-27	2025-12-08
	35. JPMORGAN BETABUILDERS CANADA		2019-04-03	2025-12-08
	196. JPMORGAN BETABUILDERS CANADA		2019-04-03	2025-12-08
	215. JPMORGAN BETABUILDERS DEVELO		2021-01-27	2025-12-08
	3059.044 SIX CIRCLES US UNCONSTR EQ		2025-10-23	2025-12-08
	1304.593 SIX CIRCLES INTL UNCON EQ		2021-12-22	2025-12-08
	6. CONOCOPHILLIPS		2021-03-03	2025-12-24
	27. CONOCOPHILLIPS		2021-03-03	2025-12-24
	90. CONOCOPHILLIPS		2021-03-03	2025-12-24
	1. CONOCOPHILLIPS		2021-03-03	2025-12-24
	29. PROGRESSIVE CORP OHIO			2025-12-24
	4. CONOCOPHILLIPS		2021-03-03	2025-12-26
	49. CONOCOPHILLIPS			2025-12-26
	41. CONOCOPHILLIPS			2025-12-26
	27. PROGRESSIVE CORP OHIO		2022-04-07	2025-12-26
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	80		80
b	1,880	977	903
c	14,098	7,327	6,771
d	6,398	582	5,816
e	15,925	14,237	1,688
	99	88	11
	6,961	6,190	771
	878	796	82
	74		74
	17,070	16,207	863
	4,378	4,471	-93
	1,520	1,565	-45
	2,180	2,235	-55
	218	117	101
	11,660	12,470	-810
	423	453	-30
	2,116	373	1,743
	12,210	2,129	10,081
	4,053	710	3,343
	6,180	1,083	5,097
	4,285	747	3,538
	4,272	747	3,525
	22,682	23,065	-383
	9,789	10,797	-1,008
	28,990	19,817	9,173
	14,699	8,570	6,129
	8,460	7,619	841
	11,389	12,162	-773
	13,117	13,718	-601
	101,124	82,197	18,927
	66,570	63,558	3,012
	187,102	169,889	17,213
	16,187	2,309	13,878
	2,887	1,636	1,251
	1,791	847	944
	23,764	11,096	12,668
	199	93	106
	5,939	2,776	3,163
	1,394	648	746
	599	278	321
	573	278	295
	1,346	648	698
	131,163	130,969	194
	17,144	18,603	-1,459
	12,899	9,924	2,975
	7,973	7,305	668
	8,505	5,378	3,127
	16,814	16,796	18
	13,732	11,918	1,814
	2,979	2,258	721
	30,123	22,572	7,551
	46,079	27,130	18,949
	378	441	-63
	10,221	11,920	-1,699
	14,082	9,023	5,059
	21,834	29,259	-7,425
	4,778	5,478	-700
	353	423	-70
	8,565	10,236	-1,671
	1,751	2,099	-348
	5,522	6,554	-1,032
	4,177	4,875	-698
	13,501	15,746	-2,245
	620	697	-77
	6,936	7,767	-831
	8,664	9,745	-1,081
	11,200	3,617	7,583
	5,567	1,709	3,858
	5,090	1,098	3,992
	6,053	1,305	4,748
	8,842	7,522	1,320
	182	154	28
	5,728	4,834	894
	10,307	12,476	-2,169
	8,537	10,346	-1,809
	8,520	3,172	5,348
	6,152	2,291	3,861
	4,125	886	3,239
	3,762	4,159	-397
	14,287	16,770	-2,483
	4,998	2,953	2,045
	650	387	263
	650	387	263
	12,337	7,351	4,986
	17,396	17,226	170
	45,846	45,255	591
	5,650	6,999	-1,349
	10,349	12,730	-2,381
	120,476	112,228	8,248
	6,460	7,213	-753
	1,288	822	466
	3,253	279	2,974
	4,194	3,647	547
	984	359	625
	3,551	3,589	-38
	1,419	1,275	144
	713	163	550
	1,797	1,818	-21
	347	309	38
	758	812	-54
	552	460	92
	922	922
	544	541	3
	1,345	1,336	9
	3,853	1,288	2,565
	878	423	455
	822	381	441
	946	921	25
	1,240	1,256	-16
	745	757	-12
	1,085	1,088	-3
	616	454	162
	2,328	1,251	1,077
	1,209	1,187	22
	7,177	5,036	2,141
	495	574	-79
	1,413	203	1,210
	715	836	-121
	6,906	3,772	3,134
	438	435	3
	706	887	-181
	1,234	598	636
	1,091	716	375
	242	296	-54
	356	380	-24
	1,200	1,190	10
	764	592	172
	562	358	204
	784	628	156
	1,239	1,540	-301
	950	1,114	-164
	1,046	156	890
	622	613	9
	528	315	213
	1,626	1,508	118
	1,130	412	718
	958	352	606
	807	874	-67
	858	663	195
	11,983	8,638	3,345
	16,215	17,882	-1,667
	13,022	13,993	-971
	20,920	10,389	10,531
	12,404	11,989	415
	3,042	1,467	1,575
	2,641	3,043	-402
	15,542	17,875	-2,333
	1,983	2,282	-299
	2,314	2,662	-348
	251,839	245,477	6,362
	1,375	1,342	33
	47	46	1
	267,682	261,258	6,424
	4,107	1,535	2,572
	8,641	668	7,973
	3,959	3,647	312
	660	608	52
	6,162	2,613	3,549
	3,167	1,077	2,090
	12,681	11,724	957
	3,705	3,279	426
	5,165	1,709	3,456
	2,682	606	2,076
	6,230	6,544	-314
	1,660	1,543	117
	684	730	-46
	1,520	1,623	-103
	1,803	1,083	720
	1,878	977	901
	2,249	2,305	-56
	2,472	2,484	-12
	3,703	3,564	139
	11,077	3,733	7,344
	1,977	987	990
	2,169	1,016	1,153
	2,746	2,575	171
	2,015	2,096	-81
	4,808	4,760	48
	1,634	1,514	120
	3,382	3,810	-428
	2,500	1,816	684
	7,456	7,268	188
	3,075	2,967	108
	9,395	6,475	2,920
	8,873	403	8,470
	1,474	1,723	-249
	4,283	557	3,726
	3,308	3,343	-35
	9,094	4,836	4,258
	11,277	1,476	9,801
	1,094	1,161	-67
	2,130	2,482	-352
	3,084	1,657	1,427
	1,925	1,432	493
	2,787	2,823	-36
	3,769	3,570	199
	1,899	1,480	419
	1,862	1,163	699
	2,638	1,884	754
	3,426	4,400	-974
	2,266	2,221	45
	3,941	572	3,369
	1,703	1,607	96
	1,601	945	656
	4,892	2,181	2,711
	2,932	1,098	1,834
	2,700	1,057	1,643
	2,467	2,618	-151
	2,056	1,327	729
	3,325	3,814	-489
	19,011	19,127	-116
	71	69	2
	16,638	16,266	372
	2,367	2,374	-7
	9,765	9,792	-27
	1,184	1,089	95
	7,614	7,291	323
	775	741	34
	493	471	22
	13,385	8,236	5,149
	1,814	1,359	455
	606	451	155
	12,344	11,987	357
	3,616	2,707	909
	10,888	6,926	3,962
	3,689	2,707	982
	4,358	3,159	1,199
	2,688	3,446	-758
	4,019	5,169	-1,150
	2,831	3,357	-526
	7,853	8,166	-313
	2,653	2,746	-93
	5,764	5,801	-37
	18,019	14,793	3,226
	1,732	1,517	215
	20,624	16,887	3,737
	3,180	1,698	1,482
	17,808	9,509	8,299
	12,009	11,974	35
	63,536	62,099	1,437
	18,095	14,246	3,849
	551	322	229
	2,494	1,451	1,043
	8,303	4,836	3,467
	92	54	38
	6,604	3,423	3,181
	369	215	154
	4,475	2,618	1,857
	3,777	2,170	1,607
	6,133	3,167	2,966
			125,102
			125,102
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			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102
			125,102

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			80
b			903
c			6,771
d			5,816
e			1,688
			11
			771
			82
			74
			863
			-93
			-45
			-55
			101
			-810
			-30
			1,743
			10,081
			3,343
			5,097
			3,538
			3,525
			-383
			-1,008
			9,173
			6,129
			841
			-773
			-601
			18,927
			3,012
			17,213
			13,878
			1,251
			944
			12,668
			106
			3,163
			746
			321
			295
			698
			194
			-1,459
			2,975
			668
			3,127
			18
			1,814
			721
			7,551
			18,949
			-63
			-1,699
			5,059
			-7,425
			-700
			-70
			-1,671
			-348
			-1,032
			-698
			-2,245
			-77
			-831
			-1,081
			7,583
			3,858
			3,992
			4,748
			1,320
			28
			894
			-2,169
			-1,809
			5,348
			3,861
			3,239
			-397
			-2,483
			2,045
			263
			263
			4,986
			170
			591
			-1,349
			-2,381
			8,248
			-753
			466
			2,974
			547
			625
			-38
			144
			550
			-21
			38
			-54
			92

			3
			9
			2,565
			455
			441
			25
			-16
			-12
			-3
			162
			1,077
			22
			2,141
			-79
			1,210
			-121
			3,134
			3
			-181
			636
			375
			-54
			-24
			10
			172
			204
			156
			-301
			-164
			890
			9
			213
			118
			718
			606
			-67
			195
			3,345
			-1,667
			-971
			10,531
			415
			1,575
			-402
			-2,333
			-299
			-348
			6,362
			33
			1
			6,424
			2,572
			7,973
			312
			52
			3,549
			2,090
			957
			426
			3,456
			2,076
			-314
			117
			-46
			-103
			720
			901
			-56
			-12
			139
			7,344
			990
			1,153
			171
			-81
			48
			120
			-428
			684
			188
			108
			2,920
			8,470
			-249
			3,726
			-35
			4,258
			9,801
			-67
			-352
			1,427
			493
			-36
			199
			419
			699
			754
			-974
			45
			3,369
			96
			656
			2,711
			1,834
			1,643
			-151
			729
			-489
			-116
			2
			372
			-7
			-27
			95
			323
			34
			22
			5,149
			455
			155
			357
			909
			3,962
			982
			1,199
			-758
			-1,150
			-526
			-313
			-93
			-37
			3,226
			215
			3,737
			1,482
			8,299
			35
			1,437
			3,849
			229
			1,043
			3,467
			38
			3,181
			154
			1,857
			1,607
			2,966

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	484,258
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 .........................		3

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	10,810
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	10,810
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	10,810
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	5,380
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	5,380
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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	5,430
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax0	Refunded	11	0
	For Refunded amount, also complete and attach Form 8050. See instructions.

Form 990-PF (2025)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

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

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

on foundation managers.$

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

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

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

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

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

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

Yes

Website address

The books are in care ofJP MORGAN CHASE BANK NA Telephone no. (800) 496-2583

Located at10 S DEARBORN ST MC IL 1-0111CHICAGOIL ZIP+460603

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

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

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

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

16 No

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

Form 990-PF (2025)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2025)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
JP MORGAN CHASE BANK NA	CO-TRUSTEE 2	121,623
10 S DEARBORN ST MC IL 1-0111 CHICAGO,IL60603	CO-TRUSTEE 2	121,623
LINDA M CARY	CO-TRUSTEE 1	22,975
97 MILL ROAD NORTH HAMPTON,NH03862	CO-TRUSTEE 1	22,975

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


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









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

Form 990-PF (2025)

Page 7

Part VII

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

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

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2025)

Page 8

Part IX

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

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

purposes:

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

13,244,211

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

174,686

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

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

13,418,897

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

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

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

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

13,418,897

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

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

201,283

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

13,217,614

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

660,881

Part X

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

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

660,881

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

10,810

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

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

10,810

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

650,071

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

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

650,071

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

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

650,071

Part XI

Qualifying Distributions (see instructions)

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

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

613,640

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

613,640

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					650,071
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				549,913
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: $ 613,640
a Applied to 2024, but not more than line 2a				549,913
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.....					63,727
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 ..........					586,344
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2020 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2021 ....	0
b Excess from 2022 ....	0
c Excess from 2023 ....	0
d Excess from 2024 ....	0
e Excess from 2025 ....	0

Form 990-PF (2025)

Page 10

Part XIII

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

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

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

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

NONE

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

NONE

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

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

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

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

cAny submission deadlines:

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

Form 990-PF (2025)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
LIGHTHOUSE INTERNATIONAL ATTN DONNA M LIPPMAN 250 W 64TH ST NEW YORK,NY100236402	NONE		GENERAL	109,983
AMERICAN HEART ASSOCIATION INC 7272 GREENVILLE AVE DALLAS,TX75201	NONE		GENERAL	109,983
AMERICAN CANCER SOCIETY INC 250 WILLIAMS STREET ATLANTA,GA30303	NONE		GENERAL	109,983
THE AMERICAN RED CROSS 2025 E STREET WASHINGTON,DC20006	NONE		GENERAL	109,983
THE SALVATION ARMY GREATER NY 120 WEST 14TH STREET NEW YORK,NY10011	NONE		GENERAL	109,983
Total ................................. 3a				549,915

bApproved for future payment

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

Form 990-PF (2025)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	381,414
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	484,258
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				865,672

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

865,672

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2025)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2025)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
92203J308 VANGUARD TTL INTL BN	147,876	131,658
54401E143 LORD ABBETT SHRT DUR	222,328	216,293
83002G702 SIX CIRCLES GLOBAL B	604,049	549,944
83002G884 SIX CIRCLES CREDIT O	267,851	279,776
92206C771 VANGUARD MORTGAGE-BA	136,667	139,074
921937835 VANGUARD TOTAL BOND	110,943	112,438
92203J407 VANGUARD TOTAL INTL	418,368	410,237
92206C870 VANGUARD INT-TERM CO	129,195	137,601
46429B267 ISHARES US TREASURY	140,028	138,035

Name of Stock	End of Year Book Value	End of Year Fair Market Value
101137107 BOSTON SCIENTIFIC CO	12,929	59,403
110122108 BRISTOL-MYERS SQUIBB
438516106 HONEYWELL INTERNATIO
464287465 ISHARES MSCI EAFE ET	184,967	295,868
532457108 ELI LILLY AND COMPAN	8,937	61,257
548661107 LOWE'S COS INC	55,384	82,236
594918104 MICROSOFT CORP	16,450	403,823
609207105 MONDELEZ INTERNATION	10,160	23,470
617446448 MORGAN STANLEY	12,790	110,424
713448108 PEPSICO INC	25,095	37,746
882508104 TEXAS INSTRUMENTS IN	42,901	81,193
949746101 WELLS FARGO & CO	35,042	102,613
02079K107 ALPHABET INC-CL C	13,194	256,375
30303M102 META PLATFORMS INC-C	46,448	235,652
57636Q104 MASTERCARD INC - A	13,945	141,007
65339F101 NEXTERA ENERGY INC	38,692	60,933
91324P102 UNITEDHEALTH GROUP I	10,565	81,867
94106B101 WASTE CONNECTIONS IN	12,283	38,404
023135106 AMAZON.COM INC	35,457	271,214
037833100 APPLE INC	66,368	320,251
060505104 BANK OF AMERICA CORP	29,630	95,590
46432F842 ISHARES CORE MSCI EA	72,522	106,636
655844108 NORFOLK SOUTHERN COR
67066G104 NVIDIA CORP	29,616	498,328
025816109 AMERICAN EXPRESS CO	21,909	74,360
315911750 FIDELITY 500 INDEX F	448,816	1,053,997
83002G306 SIX CIRCLES US UNCON	1,045,085	1,932,245
83002G405 SIX CIRCLES INTL UNC	853,028	1,269,757
00287Y109 ABBVIE INC	32,464	97,794
337738108 FISERV INC
580135101 MCDONALD'S CORP	48,134	64,794
N6596X109 NXP SEMICONDUCTORS N
09857L108 BOOKING HOLDINGS INC	28,290	91,041
461202103 INTUIT INC	41,884	40,408
883556102 THERMO FISHER SCIENT	49,556	63,160
N07059210 ASML HOLDING NV-NY R	8,479	31,026
20825C104 CONOCOPHILLIPS
22160K105 COSTCO WHOLESALE COR	18,554	32,769
363576109 ARTHUR J GALLAGHER &	25,342	46,841
43300A203 HILTON WORLDWIDE HOL	24,242	55,152
45687V106 INGERSOLL RAND INC
46120E602 INTUITIVE SURGICAL I
46641Q191 JPMORGAN BETABUILDER	279,458	290,195
46641Q217 JPMORGAN BETABUILDER	287,554	403,040
46641Q225 JPMORGAN BETABUILDER	152,593	307,179
46641Q233 JPMORGAN BETABUILDER	178,205	212,364
679580100 OLD DOMINION FREIGHT	26,720	29,949
75886F107 REGENERON PHARMACEUT
G29183103 EATON CORP PLC	25,656	62,428
30231G102 EXXON MOBIL CORP	52,915	90,255
61174X109 MONSTER BEVERAGE COR
743315103 PROGRESSIVE CORP	25,311	49,415
78409V104 S&P GLOBAL INC	32,941	48,601
573284106 MARTIN MARIETTA MATE	33,153	49,813
842587107 THE SOUTHERN COMPANY	61,655	72,114
863667101 STRYKER CORP	37,838	44,988
872540109 TJX COMPANIES INC	23,810	45,161
G54950103 LINDE PLC	22,554	60,121
11135F101 BROADCOM INC	96,862	136,710
127387108 CADENCE DESIGN SYS I	29,721	30,320
254687106 WALT DISNEY CO/THE	67,721	67,807
68902V107 OTIS WORLDWIDE CORP
79466L302 SALESFORCE INC
824348106 SHERWIN-WILLIAMS CO/
032095101 AMPHENOL CORP-CL A	44,973	44,191
126408103 CSX CORP	49,714	50,351
26884L109 EQT CORP	43,711	41,915
278865100 ECOLAB INC	56,224	56,704
29364G103 ENTERGY CORP	26,649	26,250
443201108 HOWMET AEROSPACE INC	53,118	68,887
478160104 JOHNSON & JOHNSON	80,397	100,578
81762P102 SERVICENOW INC	47,733	39,063
874039100 TAIWAN SEMICONDUCTOR	41,109	62,297
931142103 WALMART INC	38,655	44,118
G8994E103 TRANE TECHNOLOGIES P	58,137	56,823

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
64128R608 NEUBERGER BERM LNG S	AT COST	121,369	140,047
72201U638 PIMCO MRTG OPP & BND	AT COST	68,466	69,126
35241W401 FRNKLN ALTRNTV STRTG	AT COST	197,032	181,977
83002G876 SIX CIRCLES MULTI-ST	AT COST	407,661	405,341

Description	Amount
2025 TRANSACTION POSTED IN 2026	1,525
ADJUSTMENT TO INCOME	1
ROUNDING ADJUSTMENT	16

Description	Amount
2024 TRANSACTION POSTED IN 2025	1,853
COST BASIS ADJUSTMENT	8

Category	Amount	Net Investment Income
FOREIGN TAXES	588	588
FEDERAL TAX PAYMENT - PRIOR YE	4,890	0
FEDERAL ESTIMATES - INCOME	5,380	0
FOREIGN TAXES ON QUALIFIED FOR	4,640	4,640
FOREIGN TAXES ON NONQUALIFIED	1,114	1,114