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
GRATIS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 926 DOUGLASS DRIVE
  Room/suite
City or town
MCLEAN
State or province
VA
Country  
ZIP or foreign postal code
22101
A Employer identification number

26-3639918
B Telephone number (see instructions)

2024141000
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)$18,254,807J 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... 410,658 410,658  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,519,080
b Gross sales price for all assets on line 6a 6,468,723
7 Capital gain net income (from Part IV, line 2)... 1,519,080
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
658 658 0
12 Total. Add lines 1 through 11........ 1,930,396 1,930,396 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
157,225 157,225 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
25,126 5,126 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,623 0 0 21,623
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 203,974 162,351 0 21,623
25 Contributions, gifts, grants paid....... 1,000,000 1,000,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 1,203,974 162,351 0 1,021,623
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 726,422
b Net investment income (if negative, enter -0-) 1,768,045
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............. 161    
2 Savings and temporary cash investments......... 480,037 573,444 573,444
3 Accounts receivable  
Less: allowance for doubtful accounts        
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        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,285,629 Click to see attachment
List of Attached Documents:
// Content
2,258,765 		2,224,995
b Investments—corporate stock (attach schedule)....... 7,317,772 Click to see attachment
List of Attached Documents:
// Content
7,470,956 		11,027,144
c Investments—corporate bonds (attach schedule)....... 1,838,120 Click to see attachment
List of Attached Documents:
// Content
2,295,981 		2,273,644
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,894,510 Click to see attachment
List of Attached Documents:
// Content
1,955,783 		2,155,580
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) 13,816,229 14,554,929 18,254,807
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 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........ 13,816,229 14,554,929
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 13,816,229 14,554,929
30 Total liabilities and net assets/fund balances (see instructions). 13,816,229 14,554,929
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
13,816,229
2
Enter amount from Part I, line 27a .....................
2
726,422
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
12,278
4
Add lines 1, 2, and 3 ..........................
4
14,554,929
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
14,554,929
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 PUBLICALLY TRADED SECURITIES   2025-01-01 2025-12-31
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(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 6,350,366   4,949,643 1,400,723
b 118,357     118,357
c
d
e
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       1,400,723
b       118,357
c
d
e
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 1,519,080
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 0
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 24,576
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 24,576
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 24,576
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 27,281
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 27,281
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 2,705
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax2,705 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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
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)
DE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressN/A
14
The books are in care ofPWC US TAX LLP Telephone no. (202) 414-1000

Located at655 NEW YORK AVE NWWASHINGTONDC ZIP+420001
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)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
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
MARY SANDRA ZACCARIA DIRECTOR
1.00 		0 0 0
C/O PWC 655 NEW YORK AVE NW
WASHINGTON,DC20001
JUSTIN ZACCARIA PRES/SECTY/TREAS
1.00 		0 0 0
C/O PWC 655 NEW YORK AVE NW
WASHINGTON,DC20001
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.........................0
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
17,337,493
b
Average of monthly cash balances.......................
1b
564,200
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
17,901,693
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
17,901,693
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
268,525
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
17,633,168
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
881,658
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
881,658
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
24,576
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
24,576
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
857,082
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
857,082
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
857,082
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
1,021,623
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
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,021,623
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 7 857,082
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...... 215,236
b From 2021...... 165,702
c From 2022...... 227,842
d From 2023...... 259,754
e From 2024...... 207,618
f Total of lines 3a through e ........ 1,076,152
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,021,623
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..... 857,082
e Remaining amount distributed out of corpus 164,541
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 1,240,693
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) ... 		215,236
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		1,025,457
10 Analysis of line 9:
a Excess from 2021 .... 165,702
b Excess from 2022 .... 227,842
c Excess from 2023 .... 259,754
d Excess from 2024 .... 207,618
e Excess from 2025 .... 164,541
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 e-mail address of the person to whom applications should be addressed:
WELLS FARGO PHILANTHROPIC SERVICES
WWWWELLSFARGOCOM/PRIVATE-FOUNDATION
GRATIS-FOUNDATION
WINSTON SALEM,NC27101
(888) 235-4351
bThe form in which applications should be submitted and information and materials they should include:
HTTPS://WWW.WELLSFARGO.COM/PRIVATE-FOUNDATIONS/GRATIS-FOUNDATION APPLICATION MUST BE SUBMITTED THROUGH THE ONLINE GRANT APPLICATION FORM.
cAny submission deadlines:
JANUARY 31ST, MAY 31ST AND SEPTEMBER 30TH
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION DOES NOT ACCEPT GRANTS THAT WOULD BE PAYABLE TO, OR FOR THE BENEFIT OF, SPECIFIC INDIVIDUALS. THE FOUNDATION SUPPORTS PROGRAMS IN THE FIELDS OF EDUCATION, HEALTH CARE AND MEDICAL RESEARCH, HUMANITARIAN SERVICES, ABUSED AND NEGLECTED CHILDREN, AND ASSISTING U.S. MILITARY PERSONNEL AND THEIR FAMILIES.
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

4KIDS OF SOUTH FLORIDA INC

2717 W CYPRESS CREEK ROAD
FORT LAUDERDALE,FL333091703 		NONE   GENERAL USE 5,000

AID TO VICTIMS OF DOMESTIC ABUSE INC

POST OFFICE BOX 6161
DELRAY BEACH,FL33482 		NONE   GENERAL USE 5,000

AMERICAN HUMANE ASSOCIATION

1400 16TH NW STREET SUITE 360
WASHINGTON,DC200360000 		NONE   GENERAL USE 10,000

AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS

424 E 92ND STREET
NEW YORK,NY10128 		NONE   GENERAL USE 10,000

ANIMAL RESCUE LEAGUE OF BOSTON

10 ANNAS PLACE
DEDHAM,MA02026 		NONE   GENERAL USE 5,000

ARCHDIOCESE FOR THE MILITARY SERVICES USA

1025 MICHIGAN AVENUE NE
WASHINGTON,DC200171836 		NONE   GENERAL USE 5,000

BOSTON CASA INC

151 MERRIMAC STREET SUITE 200
BOSTON,MA02114 		NONE   GENERAL USE 5,000

BOYS AND GIRLS CLUBS OF DORCHESTER INC

1135 DORCHESTER AVENUE
DORCHESTER,MA02125 		NONE   GENERAL USE 10,000

CANCER RESEARCH INSTITUTE INC

29 BROADWAY 4TH FLOOR
NEW YORK,NY10006 		NONE   GENERAL USE 15,000

CANINE COMPANIONS FOR INDEPENDENCE

124 RANCHO DEL ORO DRIVE
OCEANSIDE,CA92057 		NONE   GENERAL USE 10,000

CAPE COD TIMES NEIGHBORS FUND INC

POST OFFICE BOX 36
HYANNIS,MA02601 		NONE   GENERAL USE 15,000

CASA MYRNA VAZQUEZ INC

451 BLUE HILL AVENUE
BOSTON,MA02121 		NONE   GENERAL USE 10,000

CATHOLIC CHARITIES OF THE DIOCESE OF PALM BEACH INC

100 W 20TH STREET
RIVIERA BEACH,FL33404 		NONE   GENERAL USE 5,000

CATHOLIC FOUNDATION OF SOUTHEASTERN MASSACHUSETTS INC

450 HIGHLAND AVENUE
FALL RIVER,MA027203701 		NONE   GENERAL USE 5,000

CHILDREN'S ADVOCACY CENTER OF SUFFOLK COUNTY INC

989 COMMONWEALTH AVENUE
BOSTON,MA02215 		NONE   GENERAL USE 5,000

CHILDREN'S ONCOLOGY SERVICES OF MASSACHUSETTS INC

229 KENT STREET
BROOKLINE,MA02446 		NONE   GENERAL USE 10,000

CHILDRENS HOSPITAL CORPORATION

401 PARK DRIVE SUITE 602
BOSTON,MA02115 		NONE   GENERAL USE 50,000

CHRISTIANS REACHING OUT TO SOCIETY INC DBA CROS MINISTRIES

3677 23RD AVENUE SOUTH B-101
LAKE WORTH BEACH,FL33461 		NONE   GENERAL USE 5,000

CRISTO REY BOSTON HIGH SCHOOL INC

100 SAVIN HILL AVENUE
DORCHESTER,MA021251431 		NONE   GENERAL USE 5,000

DC127 INC

1225 OTIS STREET NE
WASHINGTON,DC20017 		NONE   GENERAL USE 10,000

DARBSTER FOUNDATION INC

1226 OMAR ROAD
WEST PALM BEACH,FL33405 		NONE   GENERAL USE 5,000

DUKE UNIVERSITY

POST OFFICE BOX 90581
DURHAM,NC27708 		NONE   GENERAL USE 200,000

EDESIA INC

550 ROMANO VINEYARD WAY
NORTH KINGSTOWN,RI028528429 		NONE   GENERAL USE 10,000

ELDER SERVICES OF CAPE COD AND THE ISLANDS INC

68 ROUTE 134
SOUTH DENNIS,MA02660 		NONE   GENERAL USE 5,000

FLOC FOR LOVE OF CHILDREN

1301 PENNSYLVANIA AVENUE SE
WASHINGTON,DC200033027 		NONE   GENERAL USE 10,000

FAMILY REACH FOUNDATION

142 BERKELEY STREET SUITE 310
BOSTON,MA021165290 		NONE   GENERAL USE 5,000

FISHER HOUSE FOUNDATION INC

12300 TWINBROOK PARKWAY SUITE 410
ROCKVILLE,MD20852 		NONE   GENERAL USE 25,000

FRIENDS OF BOURNE COUNCIL ON AGING INC

121 MAIN STREET
BOURNE,MA025323245 		NONE   GENERAL USE 5,000

FRIENDS OF THE CHILDREN-BOSTON INC

184 DUDLEY STREET SUITE 100
ROXBURY,MA02119 		NONE   GENERAL USE 10,000

GRANDMAS PLACE INC

184 SPARROW DRIVE
ROYAL PALM BEACH,FL33411 		NONE   GENERAL USE 5,000

GREATER DC DIAPER BANK

5614 CONNECTICUT AVENUE NW 285
WASHINGTON,DC200152604 		NONE   GENERAL USE 10,000

HAVEN PROJECT INC

57 MUNROE STREET
LYNN,MA019011506 		NONE   GENERAL USE 5,000

HEART BROTHERS FOUNDATION INC

276 W MAIN STREET SUITE 5
NORTHBOROUGH,MA015322136 		NONE   GENERAL USE 5,000

HIRE HEROES USA

13010 MORRIS ROAD SUITE 175
ALPHARETTA,GA30004 		NONE   GENERAL USE 10,000

HORIZONS FOR HOMELESS CHILDREN INC

1785 COLUMBUS AVENUE
ROXBURY,MA02119 		NONE   GENERAL USE 5,000

HUMANE WORLD FOR ANIMALS INC

POST OFFICE BOX 96930
WASHINGTON,DC200777229 		NONE   GENERAL USE 10,000

INDEPENDENCE HOUSE INC

160 BASSETT LANE
HYANNIS,MA02601 		NONE   GENERAL USE 10,000

INTERNATIONAL RESCUE COMMITTEE INC

122 EAST 42ND STREET
NEW YORK,NY101681289 		NONE   GENERAL USE 10,000

K9S FOR WARRIORS INC

114 CAMP K9 ROAD
PONTE VEDRA,FL32081 		NONE   GENERAL USE 10,000

LOGGERHEAD MARINELIFE CENTER INC

14200 US HIGHWAY ONE
JUNO BEACH,FL33408 		NONE   GENERAL USE 5,000

LOYOLA UNIVERSITY MARYLAND INC

OFFICE OF ADVANCEMENT - JH 2104501
N CHARLES STREET
BALTIMORE,MD21210 		NONE   GENERAL USE 15,000

MARINE CORPS SCHOLARSHIP FOUNDATION INC

909 NORTH WASHINGTON STREET SUITE
400
ALEXANDRIA,VA22314 		NONE   GENERAL USE 5,000

MASS GENERAL BRIGHAM INCORPORATED

MGH DEVELOPMENT OFFICE 125 NASHUA
STREET SUITE 540
BOSTON,MA02114 		NONE   GENERAL USE 50,000

MASS GENERAL BRIGHAM INCORPORATED

2014 WASHINGTON STREET
NEWTON,MA024621607 		NONE   GENERAL USE 50,000

MASSACHUSETTS ADOPTION RESOURCE EXCHANGE INC

19 NEEDHAM STREET SUITE 206
NEWTON,MA02461 		NONE   GENERAL USE 10,000

MASSACHUSETTS SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS

350 S HUNTINGTON AVENUE
BOSTON,MA021304803 		NONE   GENERAL USE 5,000

MEDICAL TEAMS INTERNATIONAL

POST OFFICE BOX 4288
PORTLAND,OR97208 		NONE   GENERAL USE 20,000

MERCY FLIGHT SOUTHEAST INC DBA ANGEL FLIGHT SOUTHEAST INC

8864 AIRPORT BOULEVARD
LEESBURG,FL347884027 		NONE   GENERAL USE 7,500

MERCY MEDICAL ANGELS

101 WEST MAIN STREET SUITE 1000
NORFOLK,VA23510 		NONE   GENERAL USE 10,000

NATIONAL ACADEMY OF ENGINEERING FUND

OFFICE OF DEVELOPMENTPOST OFFICE
BOX 936138
ATLANTA,GA311936135 		NONE   GENERAL USE 15,000

OPERATION DELTA DOG INC

19G CLINTON DRIVE
HOLLIS,NH03049 		NONE   GENERAL USE 10,000

PAWS FOR PURPLE HEARTS

1022 W MORENA BOULEVARD
SAN DIEGO,CA92110 		NONE   GENERAL USE 10,000

PERKINS SCHOOL FOR THE BLIND

175 NORTH BEACON STREET
WATERTOWN,MA02472 		NONE   GENERAL USE 10,000

REACH BEYOND DOMESTIC VIOLENCE INC

POST OFFICE BOX 540024
WALTHAM,MA02454 		NONE   GENERAL USE 10,000

RIA INC

330 COCHITUATE ROAD UNIT 1784
FRAMINGHAM,MA017014988 		NONE   GENERAL USE 5,000

ROSIES PLACE INC

889 HARRISON AVENUE
BOSTON,MA02118 		NONE   GENERAL USE 5,000

SASHA BRUCE YOUTHWORK INC

741 8TH STREET SE
WASHINGTON,DC20003 		NONE   GENERAL USE 5,000

SAVE THE CHILDREN FEDERATION INC

501 KINGS HIGHWAY E SUITE 400
FAIRFIELD,CT068254861 		NONE   GENERAL USE 20,000

SPANISH CATHOLIC CENTER INC

924 G STREET NW
WASHINGTON,DC200014532 		NONE   GENERAL USE 5,000

SPOONFULS INC

189 WELLS AVENUE SUITE 100
NEWTON,MA024593355 		NONE   GENERAL USE 5,000

ST JOHN THE EVANGELIST PARISH

POST OFFICE BOX 1558
POCASSET,MA025591558 		NONE   GENERAL USE 15,000

ST LUKE CATHOLIC CHURCH

7001 GEORGETOWN PIKE
MCLEAN,VA22101 		NONE   GENERAL USE 15,000

ST MARYS CENTER FOR WOMEN AND CHILDREN INC

90 CUSHING AVENUE
DORCHESTER,MA02125 		NONE   GENERAL USE 10,000

THE COMMUNITY FOUNDATION OF THE TEXAS HILL COUNTRY INC

241 EARL GARRETT STREET
KERRVILLE,TX780285304 		NONE   GENERAL USE 10,000

THE BOGGY CREEK GANG INC

30500 BRANTLEY BRANCH ROAD
EUSTIS,FL32736 		NONE   GENERAL USE 5,000

THE BRIGHTON-ALLSTON CONGREGATIONAL CHURCH

404 WASHINGTON STREET
BRIGHTON,MA02135 		NONE   GENERAL USE 5,000

THE COMPASSIONATE FRIENDS INC

POST OFFICE BOX 46
WHEATON,IL60187 		NONE   GENERAL USE 7,500

THE FAMILY PLACE INCORPORATED

3309 16TH STREET NW
WASHINGTON,DC200102201 		NONE   GENERAL USE 10,000

THE POSSE FOUNDATION INC

14 WALL STREET SUITE 8A-60
NEW YORK,NY10005 		NONE   GENERAL USE 5,000

THRIVE SCHOLARS

606 S OLIVE STREET SUITE 2150
LOS ANGELES,CA90014 		NONE   GENERAL USE 20,000

UNITED SERVICES ORGANIZATIONS INC

2111 WILSON BOULEVARD SUITE 1200
ARLINGTON,VA222013052 		NONE   GENERAL USE 15,000

UNITED STATES FUND FOR UNICEF

125 MAIDEN LANE
NEW YORK,NY10038 		NONE   GENERAL USE 20,000

UNITED STATES MERCHANT MARINE ACADEMY ALUMNI ASSOCIATION AND FOUNDATION

C/O DIME COMMUNITY BANK LOCKBOXPOST
OFFICE BOX 50008
NEWARK,NJ07101 		NONE   GENERAL USE 15,000

WOMEN'S LUNCH PLACE INC

POST OFFICE BOX 170900
BOSTON,MA02117 		NONE   GENERAL USE 5,000

WORLD CENTRAL KITCHEN INCORPORATED

POST OFFICE BOX 96538
WASHINGTON,DC20090 		NONE   GENERAL USE 10,000
Total ................................. 3a 1,000,000
bApproved for future payment
Total ................................. 3b 0
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 ....     14 410,658  
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 .....     01 658  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,519,080  
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) .. 0 1,930,396 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,930,396
(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.)
1 N/A
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 InvestmentsCorpBondsSchedule
Name:
GRATIS FOUNDATION
EIN:
26-3639918
Name of Bond End of Year Book Value End of Year Fair Market Value
ACE INA HOLDINGS 33,805 34,934
ASTRAZENECA FINANCE LLC 50,638 51,749
AT&T INC 51,408 45,920
BLACKROCK INC 73,480 68,600
BROOKFIELD FINANCE INC 45,927 41,213
CAPITAL ONE FINANCIAL CO 33,869 34,836
CHARLES SCHWAB CORP 78,935 73,057
CITIGROUP INC 38,946 34,994
CME GROUP INC 74,914 77,146
CVS HEALTH CORP 23,032 20,066
DOW CHEMICAL CO/THE 44,317 39,818
DUKE ENERGY HOLDING CORP 41,074 42,357
FIDELITY NATL INFO SERV 44,623 42,717
GENERAL MOTORS FINL CO 49,786 49,976
GOLDMAN SACHS GROUP INC 40,840 44,781
HONEYWELL INTERNATIONAL 40,190 41,202
INTEL CORP 53,788 56,038
JPMORGAN CHASE & CO 61,430 62,341
KEURIG DR PEPPER INC 33,323 33,642
KEYCORP 46,859 43,982
MARSH & MCLENNAN COS INC 33,440 35,349
MCDONALD'S CORP 33,637 36,105
MCKESSON CORP 25,194 25,831
MORGAN STANLEY 55,846 49,870
O'REILLY AUTOMOTIVE INC 33,950 35,303
PEPSICO INC 50,675 49,923
PROCTER & GAMBLE CO/THE 99,635 99,909
QUEST DIAGNOSTICS INC 37,555 38,751
SCHLUMBERGER INVESTMENT 51,603 50,156
STATE STREET CORP 50,549 51,692
TOYOTA MOTOR CREDIT CORP 149,340 149,051
US BANCORP 36,185 36,379
VERIZON COMMUNICATIONS 34,708 31,048
WASTE MANAGEMENT INC 41,017 41,026
WESTPAC BANKING CORP 53,050 52,292
ISHARES IBOXX HIGH YLD CORP ETF 548,413 551,590

TY 2025 InvestmentsCorpStockSchedule
Name:
GRATIS FOUNDATION
EIN:
26-3639918
Name of Stock End of Year Book Value End of Year Fair Market Value
AMAZON COM INC COM 7,373 152,572
CHOICE HOTELS INTL INC 2,829 8,764
COLUMBIA SPORTSWEAR CO COM 2,622 5,564
DORMAN PRODUCTS INC 5,511 19,957
HILTON WORLWIDE HOLDINGS INC 13,922 18,959
FRONTDOOR INC 11,742 19,845
HYATT HOTELS CORP 5,016 5,451
LOWES COS INC 22,010 37,862
MARRIOTT INTERNATIONAL INC CLASS A 30,486 59,566
MERCADOLIBRE INC 13,737 16,114
NETFLIX INC 11,044 47,443
O'REILLY AUTOMOTIVE INC 9,408 18,516
PATRICK INDUSTRIES INC 4,558 5,638
TESLA, INC 1,328 76,452
WALT DISNEY CO 28,388 30,604
CENTRAL GARDEN & PET CO COM 2,310 3,215
COSTCO WHOLESALE CORP 1,838 28,457
INTER PARFUMS INC 16,978 25,873
J & J SNACK FOODS CORP 2,122 4,428
KIMBERLY CLARK CORP COM 29,830 28,955
MARZETTI COMPANY/THE 1,802 3,288
MONDELEZ INTERNATIONAL INC 37,106 28,315
PEPSICO INC 23,728 26,121
WALMART INC 23,061 35,094
CONOCOPHILLIPS 27,654 56,260
EXXON MOBILE CORPORATION 63,499 68,955
AFFILIATED MANAGERS GROUP, INC 9,150 15,567
AMERICAN EXPRESS CO 17,801 44,024
ARTISAN PARTNERS ASSET MANAGEM 3,853 10,592
BLACKROCK INC 38,216 38,532
CITIGROUP INC. 20,737 48,193
DONNELLEY FINANCIAL SOLUTIONS 13,506 13,213
GOLDMAN SACHS GROUP 7,270 21,096
HAMILTON LANE INC 8,544 15,580
JPMORGAN CHASE & CO 10,839 96,344
KKR & CO. INC. 31,886 54,944
MARSH & MCLENNAN COS INC 21,117 44,525
MASTERCARD INC 1,621 42,816
MORGAN STANLEY 21,287 49,531
NASDAQ, INC 6,556 51,770
PINNACLE FINL PARTNERS INC 1,830 5,152
PJT PARTNERS INC 10,203 15,550
PROGRESSIVE CORP OHIO 31,140 77,197
RLI CORP COM 4,379 12,860
SELECTIVE INS GROUP INC 21,973 24,097
SOUTH STATE CORP 5,428 6,776
TOAST INC 12,922 10,617
VISA INC-CLASS A SHRS 2,477 35,772
WEX INC. 3,685 3,576
ABBVIE INC 20,882 32,903
ABBOTT LABS 38,832 46,858
BOSTON SCIENTIFIC CORP COM 14,887 13,826
BRUKER CORPORATION 6,453 8,244
CIGNA GROUP/THE 49,716 86,147
EDWARDS LIFESCIENCES CORP 18,755 22,165
ELEVANCE HEALTH INC 24,132 30,147
ELI LILLY & CO COM 21,889 89,198
ENOVIS CORP 10,316 4,928
ENVISTA HOLDINGS CORP 3,296 3,105
ICU MED INC COM 4,581 5,279
INTEGER HOLDINGS CORP 10,157 6,745
INTUITIVE SURGICAL INC 11,106 24,353
JOHNSON & JOHNSON 11,534 40,148
LEMAITRE VASCULAR INC 3,679 3,487
MCKESSON CORP 11,785 68,904
MERCK & CO INC NEW 6,173 6,210
MERIT MEDICAL SYSTEMS INC 11,588 13,838
MESA LABORATORIES INC 10,106 4,239
NATIONAL RESEARCH CORP 14,530 7,564
PRESTIGE CONSUMER HEALTHCARE 16,260 13,942
STIMULATIONS PLUS INC 5,358 2,516
UFP TECHNOLOGIES INC 2,561 3,330
VERTEX PHARMACEUTICALS INC 14,457 23,121
AAON INC 4,932 8,769
ALAMO GROUP INC COM 4,987 8,729
AXON ENTERPRISE INC 15,248 14,766
BOEING CO 89,464 104,869
CATERPILLAR INC 30,524 41,247
CBIZ INC 23,028 27,899
CSW INDUSTRIALS INC 8,968 13,796
EQUIFAX INC 32,720 33,632
EXPONENT INC COM 546 5,210
FTI CONSULTING INC COM 2,071 4,271
GENERAL DYNAMICS CORP 37,294 57,232
GENERAL ELECTRIC CO 19,803 37,272
HURON CONSULTING GROUP INC 5,265 21,268
ILLINOIS TOOL WORKS INC 9,888 29,310
KADANT INC 7,211 6,555
KIRBY CORP 5,240 12,340
LANDSTAR SYS INC COM 8,543 13,795
MCGRATH RENTCORP 12,595 15,844
MOOG INC CL A 6,391 33,610
OPENLANE INC 6,979 10,125
PACCAR INC 43,872 54,426
RTX CORP 22,786 50,802
SIMPSON MFG INC 3,832 7,428
UBER TECHNOLOGIES INC 2,660 8,171
UNION PACIFIC CORP 12,595 36,317
ACI WORLDWIDE INC 11,226 16,829
ADVANCED MICRO DEVICES INC 24,705 31,696
ALPHABET INC CL A 8,216 141,838
ALARM.COM HOLDINGS INC 17,837 15,408
AMPHENOL CORP CL A 21,136 22,568
ANALOG DEVICES INC 27,063 45,290
APPLE INC 3,678 116,084
APPLOVIN CORP 17,970 34,365
BLACKBAUD INC 13,351 19,756
BROADCOM INC 16,450 109,368
BLACKLINE INC 13,580 13,214
CADENCE DESIGN SYSTEMS INC 20,659 33,759
COMMVAULT SYSTEMS INC 6,789 11,658
CROWDSTRIKE HOLDINGS INC 3,607 29,532
DATADOG INC 14,979 16,455
EPLUS INC COM 10,720 19,206
INSIGHT ENTERPRISES INC COM 19,021 13,524
KLA CORPORATION 12,085 43,743
META PLATFORMS INC 7,569 81,191
MICROSOFT CORP 13,442 120,905
NVIDIA CORP COM 752 201,420
ORACLE CORPORATION 38,982 25,338
PLEXUS CORP COM 9,967 13,377
POWER INTERGRATIONS INC 2,470 4,976
QUALYS INC 10,113 16,347
SERVICENOW INC 15,486 26,042
SNOWFLAKE INC 29,939 32,904
SPS COMMERCE INC 11,825 6,061
TEXAS INSTRUMENTS INC 12,914 13,012
VERRA MOBILITY CORP 13,820 12,258
BALCHEM CORP CLASS B 1,347 7,975
FULLER H B CO 7,276 6,362
SILGAN HLDGS INC 16,885 18,288
CONSTELLATION ENERGY CORP 28,288 36,387
DOMINION ENERGY INC 53,853 56,364
DUKE ENERGY HOLDING CORP 38,194 54,268
PG&E CORP COM 10,241 10,558
SOUTHERN CO 32,226 51,012
ACCENTURE PLC 13,762 48,294
ADDIDAS - AG 11,094 9,193
ADR NETEASE INC 11,425 14,312
ADYEN N.V. 14,617 12,505
AIA GROUP LTD-SP 24,079 26,341
AIR LIQUIDE - ADR 7,693 10,066
ALCON, INC. 11,694 11,900
ALFA LAVAL AB 10,404 15,422
ALLIANZ SE 18,695 35,742
AON PLC 11,885 38,464
ASML HOLDING N.V 27,899 38,515
ASSA ABLOY AB 7,303 12,552
ATLAS COPCO AB 6,997 8,991
BAE SYSTEMS PLC - ADR 19,252 19,691
BANCO BILBAO VIZCAYA ARGENT- ADR 5,040 18,322
CANADIAN NATL RR CO COM 8,381 6,722
CATL ADR 16,073 18,699
CHUBB LIMITED 8,795 45,570
CHUGAI PHARMACEUTICAL CO LTD 11,790 22,907
COLOPLAST A/S 8,202 5,483
COMPASS GROUP PLC ADR 9,838 9,245
CREDICORP LTD 7,003 14,350
CRH PLC 31,453 39,562
DAIFUKU CO., LTD. 6,492 10,550
DASSAULT SYSTEMES S.A. - ADR 14,823 7,650
DBS GROUP HOLDINGS LIMITED - ADR 21,312 40,039
DISCO CORPORATION 25,035 27,109
EATON CORP PLC 4,786 30,895
EPIROC AKTIEBOLAG 12,830 13,310
FOMENTO ECONOMICO MEXICANO S.A.B. DE 20,663 26,177
GENMAB A/S 14,481 12,566
GRUPO FINANCIERO BANORTE SAB DE C,V 8,238 9,795
HAIER SMART HOME CO LTD ADR 10,585 10,672
HALEON PLC ADR 16,062 19,715
HDFC BANK LTD. - ADR 25,531 29,451
INDUTRIA DE DISENO TEXTIL 11,495 13,365
LOREAL - ADR 18,871 19,014
LASERTEC CORP ADR 18,964 23,048
LUKOIL PJSC 14,269 0
MANULIFE FINANCIAL CORP 9,663 20,317
M3 INC ADR 9,654 8,178
NICE LTD 20,213 17,069
NOVANTA, INC. 7,417 7,615
NOVARTIS AG - ADR 9,325 10,478
NOVONESIS (NOVOZYMES) B ADR 7,522 7,062
NXP SEMICONDUCTORS NV 27,307 42,110
OBIC CO LTD ADR 12,788 11,179
PING AN INSURANCE (GROUP) COMPANY 11,088 11,394
PT TELEKOMUNIKASI INDONESIA TB - ADR 13,538 10,588
RIO TINTO PLC - ADR 18,883 20,408
ROCHE HOLDINGS LTD - ADR 18,958 22,742
ROYAL DUTCH SHELL PLC ADR 21,665 27,114
RYANAIR HOLDINGS PLC 9,916 12,344
SAFRAN SA 9,959 10,620
SCHNEIDER ELECTRIC SE. 22,643 27,797
SEA LIMITED 9,807 6,506
SF HOLDING CO LTD ADR 9,173 7,029
SHIONOGI & CO., LTD. 12,318 11,108
SHOPIFY INC - A W/I 21,093 29,136
SONOVA HOLDING AG 9,245 6,616
SONY GROUP CORP 14,240 20,198
SPOTIFY TECHNOLOGY 22,963 27,293
SYMRISE AG 11,015 7,263
SYSMEX CORPORATION 21,396 9,077
TAIWAN SEMICONDUCTOR MANUFACTU - ADR 36,890 77,492
TECHTRONIC INDUSTRIES COMPANY - ADR 9,252 7,140
TENCENT HOLDIGNS LIMITED 30,435 36,438
UNI CHARM CORPORATION 14,508 6,876
ARTISAN MID CAP FUND CLASS INS #1333 272,737 294,279
ABERDEEN PHYSICAL SWISS GOLD SHARES 224,717 354,726
ISHARES CORE S&P SMALL-CAP ETF 187,593 214,401
ISHARES RUSSELL MID-CAP ETF 700,571 1,378,875
POWERSHARES S&P 500 EQUAL WEIGHT 435,489 446,909
SPDR S & P 500 ETF TRUST 452,642 457,568
T. ROWE RICE MID-CAP VALUE FUND 292,181 297,135
TORTOISE ENERGY INFRASTRUCTURE TOTAL 250,640 247,546
ABERDEEN EMERGING MARKETS 614,480 543,415
OAKMARK INTERNATIONAL FUND 619,709 703,279
VANGUARD FTSE EMERGING MARKETS ETF 250,350 327,936
AMERICAN HEALTHCARE REIT INC 2,214 8,047
HCP, INC. 18,498 14,842
RYMAN HOSPITALITY PROPERTIES INC 10,192 9,084
SABRA HEALTH CARE REIT, INC. 9,748 13,959
VENTAS INC COM 25,761 39,619
WELLTOWER INC 12,554 54,755
NATIONAL HEALTH INVS INC 4,737 6,568

TY 2025 InvestmentsGovtObligationsSch
Name:
GRATIS FOUNDATION
EIN:
26-3639918
US Government Securities - End of Year Book Value:

2,258,765
US Government Securities - End of Year Fair Market Value:

2,224,995
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2025 InvestmentsOtherSchedule2
Name:
GRATIS FOUNDATION
EIN:
26-3639918
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BLACKROCK GLOBAL LONG/SHORT CREDIT FMV 344,014 343,492
BOSTON PARTNERS LONG/SHORT RESEARCH FUND FMV 350,915 347,220
NEUBERGER BERMAN LONG SHORT FUND FMV 262,307 361,595
PIMCO CREDIT OPPORTUNITIES BOND FUND FMV 339,248 356,155
AMERICAN HOMES 4 RENT FMV 10,122 14,188
AMERICAN TOWER CORP FMV 60,004 49,686
AVALONBAY CMNTYS INC COM FMV 17,962 27,559
COUSINS PROPERTIES, INC FMV 9,264 8,688
CROWN CASTLE INC FMV 15,806 15,197
DIGITAL RLTY TR INC COM FMV 11,961 18,101
EASTGROUP PPTYS INC COM FMV 11,985 12,114
EQUINIX, INC. FMV 29,391 45,970
EQUITY LIFESTYLE PPTYS INC COM FMV 9,253 8,182
ESSEX PPTY TR COM FMV 7,934 13,346
EXTRA SPACE STORAGE INC COM FMV 10,423 26,304
GAMING AND LEISURE PROPERTIES, INC FMV 11,001 9,653
HUDSON PACIFIC PROPERTIES INC FMV 2,604 1,516
INVENTRUST PROPERTIES CORP FMV 5,209 5,473
INVITATION HOMES INC FMV 10,121 15,507
IRON MOUNTAIN INCORPORATED FMV 8,998 8,793
KILROY REALTY CORP COM FMV 8,249 6,764
NETSTREIT CORP FMV 5,893 6,333
PROLOGIS, INC. FMV 59,017 92,681
REGENCY CENTERS CORP FMV 11,527 18,845
REXFORD INDUSTRIAL REALTY INC FMV 14,300 13,397
SAUL CTRS INC COM FMV 920 914
SIMON PROPERTY GROUP INC FMV 13,117 16,105
SMARTSTOP SELF STORAGE REIT IN FMV 3,310 3,218
VICI PROPERTIES INC FMV 13,534 18,475
VORNADO REALTY TRUST FMV 7,345 6,223
WEYERHAEUSER CO FMV 5,140 3,648
INVESCO OPTIMUM YIELD FMV 284,909 280,238

TY 2025 OtherExpensesSchedule
Name:
GRATIS FOUNDATION
EIN:
26-3639918
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GRANT ADMINSTRATIVE FEES 21,623 0 0 21,623


TY 2025 OtherIncomeSchedule2
Name:
GRATIS FOUNDATION
EIN:
26-3639918
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CLASS ACTION 658 658 0


TY 2025 OtherIncreasesSchedule
Name:
GRATIS FOUNDATION
EIN:
26-3639918
Description Amount
PRIOR PERIOD ADJUSTMENT 12,278


TY 2025 OtherProfessionalFeesSchedule
Name:
GRATIS FOUNDATION
EIN:
26-3639918
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CUSTODIAN & MANAGEMENT FEES 123,023 123,023 0 0
ADVISORY FEES 32,852 32,852 0 0
ADR FEES 1,350 1,350 0 0


TY 2025 TaxesSchedule
Name:
GRATIS FOUNDATION
EIN:
26-3639918
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 5,126 5,126 0 0
FEDERAL TAX PAYMENT 20,000 0 0 0