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
THE PYLE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address) CO THE PYLE GROUP 3500 CORBEN CT
Room/suite

City or town
MADISON

State or province
WI

Country

ZIP or foreign postal code
53704

A Employer identification number

39-1867322

B Telephone number (see instructions)

6082453700

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)$3,765,702J 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	3,019		3,019
4	Dividends and interest from securities...	58,749		58,749
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		277,708
b	Gross sales price for all assets on line 6a 2,278,992
7	Capital gain net income (from Part IV, line 2)...			277,708
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	339,476		339,476	0
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).......	List of Attached Documents: // Content	13,860	6,930	0	6,930
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	17,894	17,894	0	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	16,535	1,068	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	48,289		25,892	0	6,930
25	Contributions, gifts, grants paid.......	196,300				196,300
26	Total expenses and disbursements. Add lines 24 and 25 ................	244,589		25,892	0	203,230
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	94,887
b	Net investment income (if negative, enter -0-)			313,584
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.............
	2	Savings and temporary cash investments.........	70,263	48,031	48,031
	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)	18,081	0	0
	b	Investments—corporate stock (attach schedule).......	2,718,210	List of Attached Documents: // Content 2,983,229	2,983,229
	c	Investments—corporate bonds (attach schedule).......	383,821	List of Attached Documents: // Content 369,398	369,398
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	304,560	List of Attached Documents: // Content 362,310	362,310
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 1,154	List of Attached Documents: // Content 2,734	List of Attached Documents: // Content 2,734
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,496,089	3,765,702	3,765,702
	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
		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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	3,496,089	3,765,702
	29	Total net assets or fund balances (see instructions).....	3,496,089	3,765,702
	30	Total liabilities and net assets/fund balances (see instructions).	3,496,089	3,765,702

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) ...............

3,496,089

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

94,887

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

List of Attached Documents:

// Content

174,726

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

3,765,702

Decreases not included in line 2 (itemize)

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

3,765,702

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
1 a	PUBLICLY TRADED SECURITIES	P
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,277,270	2,001,284	275,986
b	1,722		1,722
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			275,986
b			1,722
c
d
e

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	277,708
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	4,359
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	4,359
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	4,359
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	8,000
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	8,000
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	3,641
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax3,641	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. $ 0(2) On foundation managers.$ 0

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

on foundation managers.$ 0

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 addressN/A

The books are in care ofMARGARET PYLE Telephone no. (608) 245-3700

Located at3500 CORBEN COURTMADISONWI ZIP+453704

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)

(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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
THOMAS F PYLE JR	TRUSTEE 0.10	0	0	0
3500 CORBEN COURT MADISON,WI53704	TRUSTEE 0.10	0	0	0
MARGARET PYLE	TRUSTEE 0.10	0	0	0
3500 CORBEN COURT MADISON,WI53704	TRUSTEE 0.10	0	0	0

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.........................0

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...................

3,516,091

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

93,481

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

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

3,609,572

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.........................

3,609,572

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

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

54,144

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

3,555,428

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

177,771

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..................

177,771

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

4,359

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

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

4,359

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

173,412

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

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

173,412

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

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

173,412

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) ..........

203,230

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. .......

203,230

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					173,412
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......	1,940
b From 2021......
c From 2022......	1,413
d From 2023......
e From 2024......	41,619
f Total of lines 3a through e ........		44,972
4Qualifying distributions for 2025 from Part
XI, line 4: $ 203,230
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.....					173,412
e Remaining amount distributed out of corpus		29,818
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		74,790
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) ...		1,940
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......		72,850
10 Analysis of line 9:
a Excess from 2021 ....
b Excess from 2022 ....	1,413
c Excess from 2023 ....
d Excess from 2024 ....	41,619
e Excess from 2025 ....	29,818

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).)

THOMAS F PYLE JR

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:

THE PYLE FOUNDATION ATTN MARGARET P
3500 CORBEN COURT
MADISON,WI53704
(608) 245-3700
MPYLE@THEPYLEGROUP.COM

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

APPLICATION MUST CONTAIN PROOF OF EXEMPT STATUS AND DESCRIPTION OF PROPOSED GRANT OR PROJECT.

cAny submission deadlines:

NONE

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

AWARDS LIMTED TO PUBLIC CHARITIES UNDER IRC SECTION 501(C) AND 509(A)(1 THROUGH 3)

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
BOYS AND GIRLS CLUBS OF COACHELLA VALLEY 42-600 COOK STREET 120 PALM DESERT,CA92211			GENERAL OPERATING SUPPORT	1,000
DESERT COMMUNITY FOUNDATION 75105 MERLE DRIVE 300 PALM DESERT,CA92211			GENERAL OPERATING SUPPORT	1,000
FOLDS OF HONOR FOUNDATION 5971 N PATRIOT DRIVE OWASSO,OK74055			GENERAL OPERATING SUPPORT	4,300
JUNIOR ACHIEVEMENT OF WISCONSIN 11111 W LIVERTY DRIVE MILWAUKEE,WI53224			GENERAL OPERATING SUPPORT	10,000
MADISON CHILDREN'S MUSEUM 100 N HAMILTON STREET MADISON,WI53703			GENERAL OPERATING SUPPORT	50,000
MADISON OPERA INC 335 W MIFFLIN STREET MADISON,WI53703			GENERAL OPERATING SUPPORT	5,000
MADISON SYMPHONY ORCHESTRA 222 W WASHINGTON AVE STE 460 MADISON,WI53703			GENERAL OPERATING SUPPORT	60,000
THE JOHN F KENNEDY CENTER FOR THE PERFORMING ARTS 2700 F STREET NW WASHINGTON DC,DC20566			GENERAL OPERATING SUPPORT	15,000
UNITED WAY OF DANE COUNTY 2059 ATWOOD AVENUE MADISON,WI53704			GENERAL OPERATING SUPPORT	15,000
UNIVERSITY OF WISCONSIN FOUNDATION 1848 UNIVERSITY AVENUE MADISON,WI53726			GENERAL OPERATING SUPPORT	35,000
Total ................................. 3a				196,300

bApproved for future payment

Total ................................. 3b				0

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 ...........			14	3,019
4 Dividends and interest from securities ....			14	58,749
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	277,708
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		339,476	0

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

339,476

(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

- TIN:

TY 2025 AccountingFeesSchedule

Name:

THE PYLE FOUNDATION

EIN:

39-1867322

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	13,860	6,930	0	6,930

- TIN:

TY 2025 InvestmentsCorpBondsSchedule

Name:

THE PYLE FOUNDATION

EIN:

39-1867322

Name of Bond	End of Year Book Value	End of Year Fair Market Value
COLUMBIA CONV. SECURITIES	21,695	21,695
HARTFORD WORLD BOND	31,550	31,550
ISHARES 20+ YEAR TREASURY BOND	34,951	34,951
ISHARES 7-10 YEAR TREASURY BOND	29,136	29,136
JPM INCOME FUND	54,401	54,401
MORTGAGE BACKED SECURITIES	26,347	26,347
PGIM HIGH YIELD	37,940	37,940
PGIM TOTAL RETURN BOND	33,367	33,367
PIMCO E/M LCL CUR & BOND	14,281	14,281
PIMCO INCOME FUND	49,310	49,310
QUADRATIC INT.	8,852	8,852
VANGUARD INT-TERM CORPORATE	27,568	27,568

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

THE PYLE FOUNDATION

EIN:

39-1867322

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3I GROUP PLC	44,442	44,442
ABBVIE INC.	13,252	13,252
ADYEN NV	18,653	18,653
ALPHABET INC.	35,146	35,146
AMAZON.COM INC.	474,797	474,797
AMERICAN EXPRESS CO.	10,359	10,359
AMPHENOL CORP	6,081	6,081
APPLE INC.	43,769	43,769
APPLOVIN CORP	132,743	132,743
ARTHUR J GALLAGHER AND CO.	33,384	33,384
ASML HOLDING NV.	4,279	4,279
ASTRAZENECA PLC.	26,384	26,384
BAE SYSTEMS PLC	33,808	33,808
BANK OF AMERICA CORP.	13,090	13,090
BOOKING HOLDINGS INC.	10,711	10,711
BOSTON SCIENTIFIC CORP.	8,105	8,105
BROADCOM INC.	18,689	18,689
CADENCE DESIGN SYS INC.	4,064	4,064
CARDINAL HEALTH INC	35,757	35,757
CORNING INC	32,222	32,222
CORTEVA INC.	26,812	26,812
COSTCO WHOLESALE CORP.	164,707	164,707
CSX CORP	6,851	6,851
EATON CORP.	8,600	8,600
ECOLAB INC	7,876	7,876
ELI LILLY & CO.	8,597	8,597
ENTERGY CORP	3,605	3,605
EQT CORP	5,735	5,735
EXXON MOBIL CORP.	12,395	12,395
FERRARI INV.	15,891	15,891
GE VERNOVA INC.	16,993	16,993
GENERAL AEROSPACE CO	30,495	30,495
GLOBAL X BLOCKCHAIN ETF	4,855	4,855
GLOBAL X COPPER MINERS ETF	24,911	24,911
GLOBAL X US INFRASTRUCTURE	16,057	16,057
GODADDY INC.	18,240	18,240
HEIDELBERG MATERIALS AG	36,932	36,932
HILTON WORLDWIDE HOLDINGS IN.	7,468	7,468
HORIZON KINETICS INFL BENEF.	13,605	13,605
HOWMET AEROSPACE INC	9,431	9,431
ICICI BANK LTD.	26,164	26,164
ILLUMINA INC	23,871	23,871
INTUIT INC	5,299	5,299
INVESCO S&P 500 EQUAL WEIGHT	13,988	13,988
INVESCO KBW BANK ETF	34,643	34,643
ISHARES CORE MSCI EMERGING	12,839	12,839
ISHARES EXPANDED TECH SOFTWARE	16,791	16,791
ISHARES MSCI EUROPE FINANCIAL	19,621	19,621
ISHARES RUSSELL 1000 GROWTH	35,024	35,024
JOHNSON AND JOHNSON	13,866	13,866
JPM US TECH LEADERS	33,597	33,597
KOPERNIK GLOBAL ALL CAP	15,136	15,136
LINDE PLC.	23,451	23,451
LINDE PLC.	8,101	8,101
LOWE'S COS INC.	11,335	11,335
LPL FINANCIAL HOLDINGS INC.	25,002	25,002
MARTIN MARIETTA MATERIALS	6,849	6,849
MASTERCARD INC.	19,410	19,410
MCDONALD'S CORP	8,863	8,863
MCKESSON CORP.	33,632	33,632
MEDLINE INC	12,348	12,348
META PLATFORMS INC.	32,344	32,344
MICROSOFT CORP.	95,757	95,757
MONDELEZ INTERNATIONAL INC.	3,176	3,176
MORGAN STANLEY	15,090	15,090
NEXTERA ENERGY INC.	8,429	8,429
NINTENDO CO	30,517	30,517
NOVO-NORDISK A/S	13,331	13,331
NVIDIA CORP.	103,508	103,508
OAKMARK FUND	18,454	18,454
OAKMARK INTERNATIONAL	18,449	18,449
OLD DOMINION FREIGHT LINE	4,077	4,077
PEPSICO INC.	5,167	5,167
PROGRESSIVE CORP.	6,832	6,832
REINSURANCE GROUP OF AMERICA	20,549	20,549
ROBINHOOD MARKETS INC	25,674	25,674
ROLLS-ROYCE HOLDINGS	53,605	53,605
S&P GLOBAL INC.	6,794	6,794
SAAB AB - UNSPR ADR	55,883	55,883
SEA LTD.	39,419	39,419
SERVICENOW INC	5,362	5,362
SIEMENS ENERGY	64,469	64,469
SPDR EURO STOXX	15,776	15,776
STATE STREET HEALTH CARE SELEC	24,458	24,458
STATE STREET SPDR S&P BIOTECH	12,803	12,803
STRYKER CORP.	6,326	6,326
TAIWAN SEMICONDUCTOR	77,188	77,188
TENCENT HOLDINGS	48,762	48,762
TEXAS INSTRUMENTS INC.	11,103	11,103
THE SOUTHERN COMPANY	9,854	9,854
THERMO FISHER SCIENTIFIC INC.	8,692	8,692
TJX COMPANIES INC.	6,144	6,144
TRANE TECHNOLOGIES	7,784	7,784
T ROWE PR GLOBAL TECH	27,785	27,785
UNITED HEALTHGROUP INC.	11,224	11,224
VANECK SEMICONDUCTOR ETF	29,170	29,170
VERTEX PHARMACEUTICALS INC.	22,668	22,668
VIRTUS REAVES UTILITIES ETF	21,395	21,395
VISA INC	27,005	27,005
WALMART INC	6,016	6,016
WALT DISNEY CO.	9,215	9,215
WASTE CONNECTIONS INC.	24,726	24,726
WELLS FARGO & CO.	14,166	14,166
WELLTOWER	26,913	26,913
WESTERN DIGITAL CORP	49,097	49,097
WISDOMTREE JAPAN HEDGED EQ.	18,452	18,452

- TIN:

TY 2025 InvestmentsOtherSchedule2

Name:

THE PYLE FOUNDATION

EIN:

39-1867322

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ABRDN PHYSICAL SILVER SHARES	FMV	16,437	16,437
AQR EQUITY MARKET NEUTRAL	FMV	32,962	32,962
BLACKROCK EVENT DRVN EQ	FMV	27,620	27,620
BR GLOBAL EQ	FMV	46,714	46,714
CRM LNG/SHRT OPPORT.	FMV	33,021	33,021
IMGP DBI MANAGED FUTURES	FMV	17,650	17,650
INN DEFINED WEALTH SHIELD	FMV	11,863	11,863
INVENOMIC FUND SPR INST.	FMV	20,014	20,014
ISHARES GOLD TRUST	FMV	29,708	29,708
JPM HEDGED EQUITY 2	FMV	23,309	23,309
NEUBERGER BERMAN LONG SH-INS.	FMV	18,788	18,788
PARAM COMM STRAT FD	FMV	22,696	22,696
PIMCO DYNAMIC BOND	FMV	32,252	32,252
PIMCO MORTGAGE OPPORTUNITY & BOND	FMV	29,276	29,276

- TIN:

TY 2025 OtherAssetsSchedule

Name:

THE PYLE FOUNDATION

EIN:

39-1867322

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
OUTSTANDING DIVIDENDS	1,154	2,734	2,734

- TIN:

TY 2025 OtherIncreasesSchedule

Name:

THE PYLE FOUNDATION

EIN:

39-1867322

Description	Amount
UNREALIZED GAINS/LOSSES	174,726

- TIN:

TY 2025 OtherProfessionalFeesSchedule

Name:

THE PYLE FOUNDATION

EIN:

39-1867322

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	17,894	17,894	0	0

- TIN:

TY 2025 TaxesSchedule

Name:

THE PYLE FOUNDATION

EIN:

39-1867322

Category	Amount	Net Investment Income
FOREIGN TAXES PAID	1,068	1,068
IRS ESTIMATED PAYMENTS	8,000	0
IRS PRIOR YEAR TAX PAYMENTS	7,467	0