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 02 - 01 2025, and ending 01 - 31, 20 26

Name of foundation
KATE KINLOCH MIDDLETON FUND
REGIONS BANK TRUSTEE #1255000660

Number and street (or P.O. box number if mail is not delivered to street address) P O DRAWER 1628
Room/suite

City or town
MOBILE

State or province
AL

Country

ZIP or foreign postal code
366331628

A Employer identification number

63-6018539

B Telephone number (see instructions)

2514318309

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)$3,317,437J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	78,293		78,293
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		275,864
b	Gross sales price for all assets on line 6a 1,043,374
7	Capital gain net income (from Part IV, line 2)...			275,864
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........	354,157		354,157
13	Compensation of officers, directors, trustees, etc.	28,431		21,323	7,108
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	5,890	0	5,890
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	5,142	1,466	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	1,061	1,061	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	40,524		23,850	12,998
25	Contributions, gifts, grants paid.......	268,769			268,769
26	Total expenses and disbursements. Add lines 24 and 25 ................	309,293		23,850	281,767
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	44,864
b	Net investment income (if negative, enter -0-)			330,307
c	Adjusted net income (if negative, enter -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.............		6	6
	2	Savings and temporary cash investments.........	68,333	23,172	23,172
	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)	223,393	List of Attached Documents: // Content 205,019	182,552
	b	Investments—corporate stock (attach schedule).......	1,474,653	List of Attached Documents: // Content 1,431,480	2,176,340
	c	Investments—corporate bonds (attach schedule).......	789,588	List of Attached Documents: // Content 942,894	935,367
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	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)	2,555,967	2,602,571	3,317,437
	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........	2,555,967	2,602,571
	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).....	2,555,967	2,602,571
	30	Total liabilities and net assets/fund balances (see instructions).	2,555,967	2,602,571

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

2,555,967

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

44,864

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

List of Attached Documents:

// Content

1,740

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

2,602,571

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) ..

2,602,571

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	PUBLICLY TRADED SECURITIES	P
c	CAPITAL GAINS DIVIDENDS	P
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	145,624	131,614	14,010
b	867,953	635,896	232,057
c	29,797		29,797
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			14,010
b			232,057
c			29,797
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	275,864
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	4,591
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	4,591
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	4,591
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	2,160
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	2,160
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	2,431
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax	Refunded	11
	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 ofREGIONS BANK TRUST DEPARTMENT Telephone no. (251) 431-8309

Located at11 NORTH WATER STREET 28TH FLOORMOBILEAL ZIP+436602

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

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

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

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

16 No

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

Form 990-PF (2025)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

Yes

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

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

1a(5)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2025)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
REGIONS BANK	TRUSTEE 1.00	28,431	0	0
PO DRAWER 1628 MOBILE,AL366331628	TRUSTEE 1.00	28,431	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...................

3,155,351

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

87,215

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

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

3,242,566

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

3,242,566

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

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

48,638

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

3,193,928

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

159,696

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

159,696

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

4,591

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

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

4,591

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

155,105

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

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

155,105

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

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

155,105

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) ..........

281,767

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. .......

281,767

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				155,105
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......			143,769
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2025:
a From 2020......
b From 2021......
c From 2022......
d From 2023......
e From 2024......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 281,767
a Applied to 2024, but not more than line 2a			143,769
b Applied to undistributed income of prior years (Election required—see instructions) .....		0
c Treated as distributions out of corpus (Election required—see instructions) ........	List of Attached Documents: // Content 0
d Applied to 2025 distributable amount.....				137,998
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2025.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2024. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2025. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2026 ..........				17,107
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2020 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2021 ....
b Excess from 2022 ....
c Excess from 2023 ....
d Excess from 2024 ....
e Excess from 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 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).)

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

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

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

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

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

cAny submission deadlines:

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

Form 990-PF (2025)

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
MOBILE INFIRMARY FOUNDATION 5 MOBILE INFIRMARY CIRCLE MOBILE,AL36607	NONE		MEDICAL EXPENSES FOR INDIGENT MOBILE COUNTY RESIDENTS	268,769
Total ................................. 3a				268,769

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 ...........
4 Dividends and interest from securities ....			14	78,293
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	275,864
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		354,157	0

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

354,157

(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:

KATE KINLOCH MIDDLETON FUND

REGIONS BANK TRUSTEE #1255000660

EIN:

63-6018539

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	5,890	0		5,890

- TIN:

TY 2025 DistributionFromCorpusElection

Name:

KATE KINLOCH MIDDLETON FUND

REGIONS BANK TRUSTEE #1255000660

EIN:

63-6018539

Election:

THE FOUNDATION ELECTS, PURSUANT TO REGULATION PARAGRAPH 53.4942(A)-3(D)(2) OF THE INTERNAL REVENUE CODE, TO TREAT $1,063 OF THE QUALIFYING DISTRIBUTIONS MADE DURING THE CURRENT YEAR AS DISTRIBUTIONS MADE OUT OF CORPUS. THE EFFECT OF THIS ELECTION IS TO SATISFY THE REQUIREMENTS IMPOSED BY SECTION 4942(G)(3) RELATING TO PASS-THROUGH DISTRIBUTIONS.

- TIN:

TY 2025 GeneralExplanationAttachment

Name:

KATE KINLOCH MIDDLETON FUND

REGIONS BANK TRUSTEE #1255000660

EIN:

63-6018539

Identifier	Return Reference	Explanation
	PART VII, LINE 1, COL B, TITLE & AVG HOURS PER WEEK DEVOTED TO POSITION	THE COMPENSATION REPORTED IN COLUMN (B) PAID TO REGIONS BANK AS CORPORATE TRUSTEE IS CALCULATED BASED ON MARKET VALUE AND THE FEE SCHEDULE. IT IS NOT DETERMINED BASED ON AN HOURLY BASIS AND ENCOMPASSES REGIONS CORPORATE TRUSTEE SERVICES.

- TIN:

TY 2025 InvestmentsCorpBondsSchedule

Name:

KATE KINLOCH MIDDLETON FUND

REGIONS BANK TRUSTEE #1255000660

EIN:

63-6018539

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMAZON.COM INC 4.65% 20 NOV 2035 - 9000 PAR	8,994	8,912
AMERICAN TOWER CORP 5.8% 15 NOV 2028 - 8000 PAR	8,042	8,355
AMERICAN WATER CAPITAL 5.25% 01 MAR 2035 - 9000 PAR	9,024	9,246
ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.9% 23 JAN 2031 - 9000 PAR	9,603	9,297
AT&T INC 4.5% 15 MAY 2035 - 9000 PAR	9,541	8,623
BANK OF AMERICA CORP 6.11% 29 JAN 2037 - 8000 PAR	9,614	8,573
BANK OF AMERICA CORP VARIABLE 3.559% 23 APR 2027 - 9000 PAR	8,961	8,990
BANK OF MELLON CORP 4.0260% 22 JAN 2030 - 9000 PAR	9,004	8,992
BERKSHIRE HATHAWAY FINANCE CORP 4.25% 15 JAN 2049 - 11000 PAR	11,387	9,177
BLACKROCK INC 1.9% 28 JAN 2031 - 10000 PAR	9,150	8,994
CAPITAL ONE FINANCIAL CORP 3.65% 11 MAY 2027 - 9000 PAR	8,928	8,961
CHARLES SCHWAB CORP/THE .9% 11 MAR 2026 - 9000 PAR	8,795	8,974
CHEVRON USA INC 4.5% 15 OCT 2032 - 9000 PAR	8,967	9,099
CITIGROUP INC VARIABLE 4.542% 19 SEP 2030 - 9000 PAR	8,873	9,074
COMCAST CORP 3.75% 01 APR 2040 - 11000 PAR	10,923	9,038
DUKE ENERGY CORP 4.85% 05 JAN 2029 - 9000 PAR	9,028	9,193
FANNIE MAE POOL FN 735580 5% 01 JUN 2035 - 79000 PAR	706	712
FANNIE MAE POOL FN 888021 6% 01 DEC 2036 - 179000 PAR	795	833
FANNIE MAE POOL FN 889415 6% 01 MAY 2037 - 193000 PAR	1,947	2,052
FANNIE MAE POOL FN 928480 6% 01 JUL 2037 - 29000 PAR	268	281
FANNIE MAE POOL FN 985615 5.5% 01 APR 2034 - 58000 PAR	303	309
FANNIE MAE POOL FN AA7236 4% 01 JUN 2039 - 16000 PAR	575	566
FANNIE MAE POOL FN AB9551 3% 01 JUN 2043 - 28000 PAR	6,167	5,468
FANNIE MAE POOL FN AE0103 6% 01 MAY 2039 - 89000 PAR	1,495	1,569
FANNIE MAE POOL FN AE0207 4.5% 01 NOV 2033 - 26000 PAR	473	470
FANNIE MAE POOL FN AE0981 3.5% 01 MAR 2041 - 19000 PAR	1,012	963
FANNIE MAE POOL FN AH6827 4% 01 MAR 2026 - 30000 PAR	7	7
FANNIE MAE POOL FN AJ9355 3% 01 JAN 2027 - 19000 PAR	130	129
FANNIE MAE POOL FN AL0393 4.5% 01 JUN 2041 - 13000 PAR	727	726
FANNIE MAE POOL FN AL9554 3% 01 DEC 2031 - 15000 PAR	1,608	1,576
FANNIE MAE POOL FN AO4144 4% 01 JUN 2042 - 17000 PAR	899	876
FANNIE MAE POOL FN AQ0546 3.5% 01 NOV 2042 - 15000 PAR	1,494	1,427
FANNIE MAE POOL FN AS6191 3.5% 01 NOV 2045 - 6000 PAR	883	828
FANNIE MAE POOL FN AS9585 4% 01 MAY 2047 - 25000 PAR	5,321	5,154
FANNIE MAE POOL FN AT2062 2.5% 01 APR 2028 - 15000 PAR	510	503
FANNIE MAE POOL FN AT2720 3% 01 MAY 2043 - 27000 PAR	4,752	4,378
FANNIE MAE POOL FN AU3735 3% 01 AUG 2043 - 14000 PAR	2,471	2,284
FANNIE MAE POOL FN BH9288 4% 01 FEB 2048 - 16000 PAR	4,646	4,485
FANNIE MAE POOL FN BM3582 3% 01 FEB 2033 - 6000 PAR	1,084	1,067
FANNIE MAE POOL FN CA0853 3.5% 01 DEC 2047 - 18000 PAR	4,858	4,624
FANNIE MAE POOL FN CA6028 2.5% 01 JUN 2050 - 9000 PAR	4,199	4,359
FANNIE MAE POOL FN CA6635 2.5% 01 AUG 2050 - 26000 PAR	13,450	13,014
FANNIE MAE POOL FN CB3292 2.5% 01 APR 2052 - 16000 PAR	10,703	9,840
FANNIE MAE POOL FN CB3412 3.5% 01 APR 2052 - 30000 PAR	20,695	20,665
FANNIE MAE POOL FN CB4678 5% 01 SEP 2052 - 27000 PAR	18,978	19,360
FANNIE MAE POOL FN FM1000 3% 01 APR 2047 - 18000 PAR	4,436	4,013
FANNIE MAE POOL FN FM1148 3.5% 01 DEC 2048 - 22000 PAR	3,035	2,802
FANNIE MAE POOL FN FM1456 2.5% 01 SEP 2028 - 18000 PAR	1,430	1,410
FANNIE MAE POOL FN FM5474 2.5% 01 OCT 2035 - 19000 PAR	8,188	7,595
FANNIE MAE POOL FN FS1861 3% 01 MAY 2037 - 11000 PAR	6,119	6,309
FANNIE MAE POOL FN FS1873 3% 01 MAY 2052 - 7000 PAR	4,700	4,726
FANNIE MAE POOL FN FS2009 3% 01 MAY 2052 - 19000 PAR	13,080	12,383
FANNIE MAE POOL FN FS6517 2.5% 01 APR 2052 - 10000 PAR	6,858	7,143
FANNIE MAE POOL FN MA3187 2.5% 01 NOV 2032 - 32000 PAR	4,009	4,133
FEDERAL HOME LOAN MORTGAGE CORP 6.25% 15 JUL 2032 - 8000 PAR	9,184	9,003
FIDELITY NATIONAL INFORMATION SERVICES INC 1.65% 01 MAR 2028 - 9000 PAR	8,596	8,568
FREDDIE MAC GOLD POOL FG G01840 5% 01 JUL 2035 - 81000 PAR	693	701
FREDDIE MAC GOLD POOL FG G04774 4.5% 01 JAN 2038 - 41000 PAR	435	435
FREDDIE MAC GOLD POOL FG G08344 4.5% 01 MAY 2039 - 22000 PAR	308	308
FREDDIE MAC GOLD POOL FG G08372 4.5% 01 NOV 2039 - 27000 PAR	537	532
FREDDIE MAC GOLD POOL FG G08463 4% 01 OCT 2041 - 15000 PAR	454	443
FREDDIE MAC GOLD POOL FG G08681 3.5% 01 DEC 2045 - 20000 PAR	2,250	2,114
FREDDIE MAC GOLD POOL FG G18536 2.5% 01 JAN 2030 - 24000 PAR	1,509	1,471
FREDDIE MAC GOLD POOL FG G18569 3% 01 SEP 2030 - 45000 PAR	3,559	3,442
FREDDIE MAC GOLD POOL FG G60658 3.5% 01 JUL 2046 - 4000 PAR	953	907
FREDDIE MAC GOLD POOL FG G67709 3.5% 01 MAR 2048 - 26000 PAR	6,979	6,774
FREDDIE MAC GOLD POOL FG J16353 3.5% 01 AUG 2026 - 29000 PAR	73	72
FREDDIE MAC GOLD POOL FG Q59805 4.5% 01 NOV 2048 - 10000 PAR	847	832
FREDDIE MAC POOL FR RA6388 2.5% 01 DEC 2051 - 15000 PAR	10,445	9,098
FREDDIE MAC POOL FR RA6567 3% 01 DEC 2051 - 21000 PAR	12,287	12,967
FREDDIE MAC POOL FR SB0662 2.5% 01 APR 2037 - 10000 PAR	5,162	5,358
FREDDIE MAC POOL FR SD0612 2.5% 01 NOV 2050 - 16000 PAR	9,721	8,200
FREDDIE MAC POOL FR SD6961 5% 01 NOV 2053 - 17000 PAR	14,399	14,854
FREDDIE MAC POOL FR SD7548 2.5% 01 NOV 2051 - 9000 PAR	5,218	5,490
FREDDIE MAC POOL FR SD7550 3% 01 FEB 2052 - 12000 PAR	7,124	7,481
FREDDIE MAC POOL FR SD7553 3% 01 MAR 2052 - 20000 PAR	12,821	12,921
FREDDIE MAC POOL FR SI2056 3.5% 01 DEC 2050 - 20000 PAR	14,068	14,396
FREDDIE MAC POOL FR ZT1502 3.5% 01 NOV 2048 - 13000 PAR	3,501	3,450
GEORGIA POWER CO 5.004% 23 FEB 2027 - 9000 PAR	9,029	9,108
GILEAD SCIENCES INC 3.65% 01 MAR 2026 - 9000 PAR	9,005	8,997
GOLDMAN SACHS GROUP INC/THE VARIABLE 2.65% 21 OCT 2032 - 10000 PAR	9,426	9,037
HOME DEPOT INC/THE 4.875% 25 JUN 2027 - 9000 PAR	9,003	9,143
HSBC HOLDINGS PLC VARIABLE 3.973% 22 MAY 2030 - 9000 PAR	8,905	8,910
HUNTINGTON BANCSHARES INC/OH VARIABLE 4.623% 28 JAN 2032 - 9000 PAR	9,004	9,015
INTERNATIONAL BUSINESS MACHINES CORP 3.45% 19 FEB 2026 - 9000 PAR	8,999	8,998
INTERNATIONAL BUSINESS MACHINES CORP 3.5% 15 MAY 2029 - 9000 PAR	8,897	8,854
JPMORGAN CHASE & CO VARIABLE 3.782% 01 FEB 2028 - 18000 PAR	18,123	17,963
KROGER CO/THE 2.65% 15 OCT 2026 - 9000 PAR	8,725	8,920
LOWE'S COS INC 3.65% 05 APR 2029 - 9000 PAR	9,072	8,891
MOLSON COORS BEVERAGE CO 5% 01 MAY 2042 - 10000 PAR	10,444	9,302
MORGAN STANLEY VARIABLE 4.654% 18 OCT 2030 - 9000 PAR	8,933	9,110
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.95% 07 FEB 2030-9000 PAR	9,064	9,246
ORACLE CORP 4.2% 27 SEP 2029 - 9000 PAR	8,988	8,847
PFIZER INC 4.5% 15 NOV 2032 - 9000 PAR	8,997	9,028
PROCTER & GAMBLE CO/THE 3% 25 MAR 2030 - 9000 PAR	9,167	8,679
SHELL FINANCE US INC 2.375% 07 NOV 2029 - 10000 PAR	9,211	9,446
SHERWIN-WILLIAMS CO/THE 4.5% 15 AUG 2030 - 9000 PAR	9,006	9,080
SOUTHERN CO/THE 3.7% 30 APR 2030 - 9000 PAR	8,864	8,789
SOUTHWEST AIRLINES CO 4.375% 15 NOV 2028 - 9000 PAR	8,982	9,048
SUMISHO AIR LEASE CORP 3.75% 01 JUN 2026 - 9000 PAR	8,787	8,990
SYSCO CORP 3.3% 15 FEB 2050 - 13000 PAR	11,179	9,101
TRUIST FINANCIAL CORP 1.267% 02 MAR 2027 - 9000 PAR	8,797	8,979
WELLS FARGO & CO VARIABLE 4.182% 23 JAN 2030 - 9000 PAR	8,984	9,008
WILLIAMS COS INC/THE 5.3% 30 SEP 2035 - 9000 PAR	8,991	9,140
ARTISAN HIGH INCOME FUND - 6012.779 SHS	54,165	55,318
BRANDYWINEGLOBAL HIGH YIELD FUND - 5457.817 SHS	55,303	55,069
TOYOTA MOTOR CREDIT CORP 1.125% 18 JUN 2026 - 9000 PAR	8,793	8,914
BANK OF NOVA SCOTIA/THE 1.05% 02 MAR 2026 - 9000 PAR	8,767	8,981
CANADIAN PACIFIC RAILWAY CO 4.8% 30 MAR 2030 - 9000 PAR	9,021	9,208
LLOYDS BANKING GROUP PLC 4.375% 22 MAR 2028 - 9000 PAR	9,024	9,067
PIMCO INTERNATIONAL BOND FUND U.S. DOLLAR-HEDGED - 7855.127 SHS	77,255	78,159
VANGUARD EMERGING MARKETS BOND FUND - 1383.95 SHS	31,016	34,668

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

KATE KINLOCH MIDDLETON FUND

REGIONS BANK TRUSTEE #1255000660

EIN:

63-6018539

Name of Stock	End of Year Book Value	End of Year Fair Market Value
APPLE INC - 220 SHS	14,359	57,086
ELI LILLY & CO - 26 SHS	2,244	26,966
NETFLIX INC - 140 SHS	6,214	11,689
NVIDIA CORP - 458 SHS	13,064	87,538
ALPHABET INC - 198 SHS	24,602	66,924
AMAZON.COM INC - 182 SHS	24,481	43,553
BROADCOM INC - 117 SHS	27,359	38,762
COSTCO WHOLESALE CORP - 19 SHS	8,429	17,865
GE VERNOVA INC - 29 SHS	7,325	21,065
MASTERCARD INC - 31 SHS	10,531	16,702
MCDONALD'S CORP - 44 SHS	10,383	13,860
META PLATFORMS INC - 47 SHS	14,029	33,676
MICROSOFT CORP - 144 SHS	22,939	61,962
ORACLE CORP - 102 SHS	17,190	16,787
QUANTA SERVICES INC - 41 SHS	12,216	19,460
S&P GLOBAL INC - 27 SHS	12,797	14,250
STRYKER CORP - 41 SHS	10,626	15,152
TJX COS INC/THE - 111 SHS	7,853	16,629
WALMART INC - 197 SHS	11,528	23,471
ABBVIE INC - 99 SHS	19,117	22,078
CHEVRON CORP - 42 SHS	5,047	7,430
COMCAST CORP - 233 SHS	7,377	6,932
EXXON MOBIL CORP - 144 SHS	9,066	20,362
FIFTH THIRD BANCORP - 344 SHS	11,678	17,276
GOLDMAN SACHS GROUP INC/THE - 25 SHS	9,087	23,385
JOHNSON & JOHNSON - 89 SHS	14,948	20,225
JPMORGAN CHASE & CO - 96 SHS	10,805	29,365
MERCK & CO INC - 87 SHS	6,703	9,593
NEXTERA ENERGY INC - 94 SHS	2,418	8,263
PACKAGING CORP OF AMERICA - 49 SHS	6,860	10,905
PROGRESSIVE CORP/THE - 53 SHS	7,603	11,024
SALESFORCE INC - 41 SHS	11,656	8,704
SLB LTD - 156 SHS	7,458	7,547
T-MOBILE US INC - 40 SHS	5,858	7,888
WALT DISNEY CO/THE - 83 SHS	7,595	9,362
ARTISAN MID CAP FUND - 462.707 SHS	17,015	19,401
TRANSDIGM GROUP INC - 12 SHS	9,861	17,130
VIRTUS KAR SMALL-CAP GROWTH FUND - 1353.745 SHS	44,758	24,449
AMERICAN ELECTRIC POWER CO INC - 88 SHS	7,879	10,540
CBRE GROUP INC - 55 SHS	7,912	9,368
INVESCO SMALL CAP VALUE FUND - 2265.619 SHS	58,068	71,050
IRON MOUNTAIN INC - 81 SHS	8,869	7,463
ISHARES CORE S&P MID-CAP ETF - 2409 SHS	102,664	165,426
ISHARES CORE S&P SMALL-CAP ETF - 914 SHS	61,924	116,105
MONDELEZ INTERNATIONAL INC - 112 SHS	6,104	6,549
NORFOLK SOUTHERN CORP - 28 SHS	7,100	8,155
ROSS STORES INC - 70 SHS	10,091	13,206
VANGUARD MID-CAP ETF - 394 SHS	107,992	116,659
XCEL ENERGY INC - 173 SHS	11,654	13,158
DOLLAR GENERAL CORP - 96 SHS	10,360	13,769
JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND - 701.797 SHS	17,614	20,092
KKR & CO INC - 62 SHS	9,451	7,084
METLIFE INC - 133 SHS	11,385	10,491
TAPESTRY INC - 87 SHS	9,978	11,041
EATON CORP PLC - 46 SHS	5,423	16,165
SCHWAB FUNDAMENTAL INTERNATIONAL LARGE COMPANY INDEX - 4065 SHS	111,860	197,396
VANGUARD FTSE DEVELOPED MARKETS ETF - 1447 SHS	74,788	95,791
VANGUARD INTERNATIONAL GROWTH FUND - 1405.423 SHS	145,728	165,643
ARTISAN DEVELOPING WORLD FUND - 2418.371 SHS	33,823	54,583
GQG PARTNERS EMERGING MARKETS EQUITY FUND - 6028.997 SHS	102,889	112,320
PZENA EMERGING MARKETS VALUE FUND/USA - 2870.278 SHS	34,845	49,570

- TIN:

TY 2025 InvestmentsGovtObligationsSch

Name:

KATE KINLOCH MIDDLETON FUND

REGIONS BANK TRUSTEE #1255000660

EIN:

63-6018539

US Government Securities - End of Year Book Value:

205,019

US Government Securities - End of Year Fair Market Value:

182,552

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2025 OtherExpensesSchedule

Name:

KATE KINLOCH MIDDLETON FUND

REGIONS BANK TRUSTEE #1255000660

EIN:

63-6018539

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT EXPENSES	1,058	1,058		0
ADR FEES	3	3		0

- TIN:

TY 2025 OtherIncreasesSchedule

Name:

KATE KINLOCH MIDDLETON FUND

REGIONS BANK TRUSTEE #1255000660

EIN:

63-6018539

Description	Amount
TIMING DIFFERENCES	1,740

- TIN:

TY 2025 TaxesSchedule

Name:

KATE KINLOCH MIDDLETON FUND

REGIONS BANK TRUSTEE #1255000660

EIN:

63-6018539

Category	Amount	Net Investment Income
FOREIGN TAXES PAID	1,466	1,466
PRIOR YEAR EXCISE TAX	1,516	0
CURRENTY YEAR EXCISE TAX ESTIMATES	2,160	0