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 JOYCE L WOLF FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address) 234 TOWER ROAD
Room/suite

City or town
LINCOLN

State or province
MA

Country

ZIP or foreign postal code
01773

A Employer identification number

87-6718183

B Telephone number (see instructions)

7815585432

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)$5,169,504J 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...	135,396		132,938
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		197,113
b	Gross sales price for all assets on line 6a 1,907,194
7	Capital gain net income (from Part IV, line 2)...			197,113
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........	332,509		330,051
13	Compensation of officers, directors, trustees, etc.	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	28,000	14,000	14,000
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	20,590	20,590	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	9,106	2,953	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	740	0	740
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	58,436		37,543	14,740
25	Contributions, gifts, grants paid.......	293,000			293,000
26	Total expenses and disbursements. Add lines 24 and 25 ................	351,436		37,543	307,740
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-18,927
b	Net investment income (if negative, enter -0-)			292,508
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.............		11	11
	2	Savings and temporary cash investments.........	75,817	112,598	112,598
	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)	625,722	List of Attached Documents: // Content 146,345	146,345
	b	Investments—corporate stock (attach schedule).......	3,037,468	List of Attached Documents: // Content 3,092,265	3,092,265
	c	Investments—corporate bonds (attach schedule).......	1,102,542	List of Attached Documents: // Content 786,646	786,646
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	62,917	List of Attached Documents: // Content 1,031,639	1,031,639
	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)	4,904,466	5,169,504	5,169,504
	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	4,904,466	5,169,504
	29	Total net assets or fund balances (see instructions).....	4,904,466	5,169,504
	30	Total liabilities and net assets/fund balances (see instructions).	4,904,466	5,169,504

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

4,904,466

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

-18,927

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

List of Attached Documents:

// Content

283,965

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

5,169,504

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) ..

5,169,504

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 GAIN DISTRIBUTION	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	1,906,953	1,710,081	196,872
b	241		241
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			196,872
b			241
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	197,113
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	4,066
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	4,066
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	4,066
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	4,087
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	4,100
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	8,187
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	4,121
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax4,121	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 ofJULIE A WOLF Telephone no. (781) 257-5272

Located at234 TOWER ROADLINCOLNMA ZIP+401773

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
BRIAN D BIXBY	TRUSTEE 0.50	0	0	0
234 TOWER ROAD LINCOLN,MA01773	TRUSTEE 0.50	0	0	0
SCOTT WOLF	TRUSTEE 0.50	0	0	0
234 TOWER ROAD LINCOLN,MA01773	TRUSTEE 0.50	0	0	0
JULIE A WOLF	TRUSTEE 0.50	0	0	0
234 TOWER ROAD LINCOLN,MA01773	TRUSTEE 0.50	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...................

4,928,995

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

150,359

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

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

5,079,354

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

5,079,354

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

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

76,190

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

5,003,164

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

250,158

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

250,158

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

4,066

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

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

4,066

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

246,092

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

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

246,092

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

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

246,092

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) ..........

307,740

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. .......

307,740

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					246,092
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......
b From 2021......
c From 2022......	228,736
d From 2023......	39,458
e From 2024......	92,084
f Total of lines 3a through e ........		360,278
4Qualifying distributions for 2025 from Part
XI, line 4: $ 307,740
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.....					246,092
e Remaining amount distributed out of corpus		61,648
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		421,926
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2024. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2025. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2026 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2020 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......		421,926
10 Analysis of line 9:
a Excess from 2021 ....
b Excess from 2022 ....	228,736
c Excess from 2023 ....	39,458
d Excess from 2024 ....	92,084
e Excess from 2025 ....	61,648

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
BETH ISRAEL LAHEY HEALTH 529 MAIN ST 4TH FL CHARLESTOWN,MA02129			CHARITABLE OPERATIONS	38,000
BRIGHAM AND WOMEN'S HOSPITAL INC 399 REVOLUTION DR SOMERVILLE,MA02145			CHARITABLE OPERATIONS	90,000
CEDAR-SINAI MEDICAL CENTER 8700 BEVERLY BLVD WEST HOLLYWOOD,CA90048			CHARITABLE OPERATIONS	40,000
COMPTON GIRLS CLUB 650 E 135TH ST LOS ANGELES,CA90059			CHARITABLE OPERATIONS	15,000
FOUNDATION FOR NURSING ADVANCEMENT IN MA PO BOX 285 MILTON,MA02186			CHARITABLE OPERATIONS	42,000
FOUNDATION OF THE NATIONAL STUDENT NURSES' ASSOCIATION 45 MAIN STREET 606 BROOKLYN,NY11201			CHARITABLE OPERATIONS	23,000
HOLLYWOOD-SUNSET FREE CLINIC 3324 W SUNSET BOULEVARD LOS ANGELES,CA90026			CHARITABLE OPERATIONS	15,000
VENICE FAMILY CLINIC 604 ROSE AVENUE VENICE,CA90291			CHARITABLE OPERATIONS	15,000
VISTA DEL MAR CHILD AND FAMILY SERVICES 3200 MOTOR AVE LOS ANGELES,CA90034			CHARITABLE OPERATIONS	15,000
Total ................................. 3a				293,000

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	135,396
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	197,113
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		332,509	0

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

332,509

(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 JOYCE L WOLF FOUNDATION

EIN:

87-6718183

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING & TAX PREP FEES	28,000	14,000		14,000

- TIN:

TY 2025 InvestmentsCorpBondsSchedule

Name:

THE JOYCE L WOLF FOUNDATION

EIN:

87-6718183

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN EXPRESS	10,024	10,024
CITIGROUP INC.	10,463	10,463
GOLDMAN SACHS INT	10,388	10,388
CHARTER COMMUNI	10,370	10,370
AMERICAN TOWER C	10,677	10,677
TEVA PHARMACEUT	7,333	7,333
NAVIENT CORP	10,959	10,959
GENERAL MOTORS FI	10,340	10,340
CROWN CASTLE INC.	10,956	10,956
U.S. BANCORP VAR	10,385	10,385
COMMONSPIRIT HE	10,618	10,618
DIAMONDBACK ENERG	10,645	10,645
MORGAN STANLEY VAR	10,027	10,027
CAMPBELL SOUP C	11,028	11,028
THE BOEING CO	10,276	10,276
HCA HEALTHCARE, I	10,584	10,584
WELLS FARGO & CO VAR	9,608	9,608
CELANESE US HOLD	10,475	10,475
OCCIDENTAL PETR	10,296	10,296
SONOCO PRODUCTS	10,798	10,798
ENERGY TRANSFER	10,970	10,970
PNC FINL SVCS GRO VAR	10,231	10,231
JPMORGAN CHASE & VAR	10,087	10,087
BANK OF AMERICA C VAR	10,908	10,908
MICROSOFT CORP	10,359	10,359
VERIZON COMMUNIC	9,233	9,233
MGM RESORTS INTE	9,950	9,950
CVS HEALTH CORP	10,270	10,270
EQUINIX, INC.	10,560	10,560
TRUIST FINL CORP VAR	10,328	10,328
NUSTAR LOGISTIC	10,450	10,450
FORD MOTOR CO	9,910	9,910
BROADCOM INC.	10,013	10,013
MURPHY OIL CORP	10,986	10,986
DISCOVER FINL SER VAR	10,611	10,611
UNITED AIRLINES	10,880	10,880
AMGEN INC.	10,046	10,046
SM ENERGY CO	10,063	10,063
ALLY FINL INC.	10,167	10,167
SLM CORP	10,313	10,313
REGAL REXNORD COR	10,584	10,584
SOUTHWESTERN EN	10,155	10,155
DELTA AIRLINES	10,275	10,275
WHIRLPOOL CORP	9,895	9,895
HYATT HOTEL COR	10,477	10,477
BXP INC	9,610	9,610
JBS USA HOLDING	9,934	9,934
HUNTINGTON BANCSH VAR	10,431	10,431
ROYAL CARIBBEA5.375%	9,027	9,027
DOMINION ENERGY, IN	9,751	9,751
EXELON CORP	10,388	10,388
BANK OF AMERICA C	3,029	3,029
BANK OF AMERICA C	18,720	18,720
CITIGROUP INC	25,750	25,750
CITIGROUP INC	8,440	8,440
HUNTINGTON BANC	13,195	13,195
JPMORGAN CHASE	25,260	25,260
M&T BANK CORP	2,970	2,970
METLIFE, INC.	12,165	12,165
MORGAN STANLEY	17,888	17,888
NORTHERN TRUST CO	12,951	12,951
STATE STREET CORP	5,188	5,188
STATE STREET CORP	19,877	19,877
THE BANK OF NEW	3,045	3,045
THE CHARLES SCHWA	2,010	2,010
THE GOLDMAN SACH	2,078	2,078
THE GOLDMAN SACHS	26,500	26,500
THE PNC FINL SER	10,300	10,300
TRUIST FINL CORP	19,143	19,143
U.S. BANCORP	13,983	13,983
WELLS FARGO & CO	1,068	1,068
WELLS FARGO & CO	18,929	18,929
NORTHERN TRUST CO VAR	1,045	1,045

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

THE JOYCE L WOLF FOUNDATION

EIN:

87-6718183

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC	21,249	21,249
ALPHABET INC.	46,637	46,637
AMAZON.COM INC	24,467	24,467
APPLE INC	29,905	29,905
BROADCOM INC	32,187	32,187
CARPENTER TECHNOLOGY COR	27,076	27,076
CASELLA WASTE SYS	23,506	23,506
ELI LILLY AND CO	24,718	24,718
FAIR ISAAC INTL CORP	6,762	6,762
FTAI AVIATION LTD	45,079	45,079
GALLAGHER ARTHUR J & CO	12,163	12,163
IDEXX LABS INC	20,972	20,972
JPMORGAN CHASE & CO	23,844	23,844
LINDE PLC	10,233	10,233
LPL FINL HLDGS INC	21,430	21,430
MARTIN MARIETTA MATLS IN	25,529	25,529
MASIMO CORP	18,469	18,469
MASTERCARD INC	21,123	21,123
META PLATFORMS INC	22,443	22,443
MICROSOFT CORP	50,296	50,296
NVIDIA CORP	63,597	63,597
OLD REP INTL CORP	8,215	8,215
PERFORMANCE FOOD GROUP C	19,692	19,692
QUANTA SVCS INC	24,479	24,479
SERVICE NOW INC	16,085	16,085
TESLA INC	11,243	11,243
THERMO FISHER SCNTFC	21,440	21,440
TRANSDIGM GROUP INC	18,618	18,618
VALVOLINE INC	10,898	10,898
VIPER ENERGY INC NEW	14,950	14,950
WEST PHARM SRVC INC	12,932	12,932
ACADIA HEALTHCARE CO	1,774	1,774
ADVANCED ENERGY INDS INC	14,447	14,447
AEROVIRONMENT INC	7,982	7,982
ALKAMI TECHNOLOGY INC	8,190	8,190
AMERIS BANCORP	8,170	8,170
APPFOLIO INC	9,073	9,073
APPLIED INDL TECHNOLOGIE	13,095	13,095
ARCUTIS BIOTHERAPEUTICS	8,973	8,973
ARTIVION INC	11,174	11,174
ATRICURE INC	10,681	10,681
AVIENT CORP	7,654	7,654
AZENTA INC	6,985	6,985
BALCHEM CORP	9,048	9,048
BELLRING BRANDS INC	3,208	3,208
BIOCRYST PHARMACEUTICALS	9,126	9,126
BOWHEAD SPECIALTY HLDGS	6,564	6,564
BRIDGEBIO PHARMA INC	11,091	11,091
CADRE HLDGS INC	9,597	9,597
CHURCHILL DOWNS INC	7,965	7,965
COMMVAULT SYS INC	11,032	11,032
CREDO TECHNOLOGY GROUP F	13,957	13,957
CRINETICS PHARMACEUTICAL	11,172	11,172
CSW INDUSTRIALS INC	9,393	9,393
DESCARTES SYS GROUP	8,152	8,152
DORMAN PRODUCTS INC	6,160	6,160
ENERPAC TOOL GROUP CORP	9,827	9,827
FIRST WATCH RESTAURANT G	2,639	2,639
FTAI AVIATION LTD	15,748	15,748
GATES INDL CORP PLC F	12,560	12,560
GLACIER BANCORP INC NEW	7,048	7,048
GLOBUS MEDICAL INC	10,739	10,739
GRAND CANYON EDUCA	19,957	19,957
GULFPORT ENERGY CORP EQU	7,072	7,072
HALOZYME THERAPEUTIC	6,730	6,730
HEALTHEQUITY INC	8,978	8,978
HILLMAN SOLUTIONS CORP	6,062	6,062
HOULIHAN LOKEY INC	14,284	14,284
INTAPP INC	15,350	15,350
INTERFACE INC	14,379	14,379
IONIS PHARMACEUTICALS IN	12,658	12,658
IONQ INC	2,692	2,692
KRYSTAL BIOTECH INC	9,862	9,862
LEGENCE CORP	8,221	8,221
LITHIA MOTORS INC	10,302	10,302
LUMENTUM HLDGS INC	23,221	23,221
MACOM TECH SOLUTN	25,521	25,521
MAGNOLIA OIL & GAS CORP	7,990	7,990
MATADOR RESOURCES CO	5,857	5,857
MEDPACE HOLDINGS INC	8,425	8,425
MOOG INC	12,908	12,908
NEOGENOMICS INC	11,466	11,466
NOVANTA INC	12,256	12,256
OXFORD INDS INC	1,984	1,984
PAR TECHNOLOGY CORP	5,986	5,986
PHATHOM PHARMACEUTICALS	13,106	13,106
PINNACLE FINL PARTNR	5,915	5,915
P J T PARTNERS INCORPORA	16,553	16,553
POWELL INDS INC	7,332	7,332
QUAKER HOUGHTON	6,591	6,591
R B C BEARINGS INC	16,143	16,143
REVOLVE GROUP INC	8,000	8,000
SCHNEIDER NATL INC WIS	4,908	4,908
SEMTECH CORP	12,896	12,896
SITEONE LANDSCAPE SUPPLY	9,840	9,840
SKYWARD SPECIALTY INS GR	6,389	6,389
SOLARIS ENERGY INFRSTR	8,504	8,504
SPX TECHNOLOGIES INC	23,607	23,607
STERLING INFRASTRUCTURE	12,555	12,555
STIFEL FINL CO	11,270	11,270
SUPERNUS PHARMA	12,226	12,226
TOPBUILD CORP	11,681	11,681
TRAVERE THERAPEUTICS INC	11,692	11,692
U S PHYSICAL THERAPY	10,542	10,542
ULTRAGENYX PHARMA	10,074	10,074
VERA THERAPEUTICS INC	12,457	12,457
VERACYTE INC	9,052	9,052
VERICEL CORP	10,623	10,623
VIAVI SOLUTIONS INC	12,207	12,207
ABBOTT LABS	26,307	26,307
ABBVIE INC	43,413	43,413
ALLY FINL INC	23,777	23,777
AMGEN INC.	19,639	19,639
BLACKROCK INC	26,759	26,759
BLUE OWL CAP INC	19,213	19,213
BROADCOM INC	67,490	67,490
BROADRIDGE FINL SOLU	30,128	30,128
CANADIAN NATURAL RES	28,265	28,265
CISCO SYSTEMS INC	27,731	27,731
CITIZENS FINL GROUP INC	40,244	40,244
ENBRIDGE INC	31,616	31,616
ENTERGY CORP NEW	33,737	33,737
ESSENTIAL UTILS INC	20,139	20,139
F&G ANNUITIES & LIFE INC	339	339
FASTENAL CO	23,476	23,476
FERGUSON PLC NEW	26,716	26,716
FNF GROUP	10,099	10,099
HOME DEPOT INC	23,399	23,399
INTERNTNL PAPER CO	16,150	16,150
JPMORGAN CHASE	6,760	6,760
JPMORGAN CHASE	30,611	30,611
LINDE PLC	20,467	20,467
MERCK & CO. INC.	19,999	19,999
MICROSOFT CORP	59,969	59,969
MORGAN STANLEY	33,731	33,731
OLD REPUBLIC INTL CO	29,438	29,438
PAYCHEX INC	22,436	22,436
PHILIP MORRIS INTL	43,308	43,308
RESTAURANT BRANDS	26,269	26,269
RTX CORP	33,012	33,012
SERVICE CORP INTL	21,676	21,676
STERIS PLC	27,887	27,887
THE COCA-COLA CO	24,119	24,119
UNITEDHEALTH GRP INC	16,506	16,506
VIPER ENERGY INC	19,894	19,894
WATSCO INC	23,250	23,250
ADVANCED ENERGY INDS INC	10,678	10,678
AEROVIRONMENT INC	3,628	3,628
ALLEGION PUB LTD CO F	4,617	4,617
ANTERO RES CORP	4,652	4,652
API GROUP CORP	13,008	13,008
APPLIED INDL TECHNOLOGIE	5,135	5,135
ASSURANT INC	8,430	8,430
ATLANTIC UNION BANKSHARE	7,237	7,237
AZENTA INC	3,459	3,459
BIO-RAD LABS INC	6,363	6,363
B J S WHOLESALE CLUB HOL	9,363	9,363
BRIGHT HORIZON FAM	6,388	6,388
BURLINGTON STORES	10,399	10,399
CAVCO INDUSTRIES INC	11,815	11,815
CHURCHILL DOWNS INC	7,737	7,737
COGNEX CORP	5,937	5,937
COMFORT SYSTEMS USA	11,199	11,199
CREDO TECHNOLOGY GROUP F	3,453	3,453
CRINETICS PHARMACEUTICAL	3,771	3,771
CULLEN / FROST BANKERS I	6,458	6,458
DORMAN PRODUCTS INC	8,500	8,500
EAGLE MATERIALS INC	7,234	7,234
ELEMENT SOLUTIONS INC	7,872	7,872
ENTEGRIS INC	6,403	6,403
FEDERAL SIGNAL CORP	8,144	8,144
GATES INDL CORP PLC	9,125	9,125
GENTHERM INC	4,073	4,073
GLACIER BANCORP INC NEW	5,330	5,330
GLOBUS MEDICAL INC	8,644	8,644
GRAND CANYON EDUCA	6,486	6,486
GROUP 1 AUTOMOTIVE INC	6,686	6,686
HALOZYME THERAPEUTIC	5,721	5,721
HAMILTON LANE INC	4,567	4,567
IDACORP INC	8,100	8,100
INSMED INC	8,180	8,180
INTEGER HLDGS CORP	5,412	5,412
IONIS PHARMACEUTICALS IN	5,538	5,538
ITT INC	11,972	11,972
JABIL INC	8,437	8,437
JAZZ PHARMACEUTICAL	10,200	10,200
KINSALE CAPITAL GROUP IN	7,040	7,040
LEVI STRAUSS & CO NEW	6,118	6,118
LINCOLN ELEC HLDGS	6,470	6,470
MA COM TECH SOLUTN	14,730	14,730
MAGNOLIA OIL & GAS CORP	5,473	5,473
MANHATTAN ASSOCIATES	3,640	3,640
MARZETTI CO	5,261	5,261
MATADOR RESOURCES CO	3,523	3,523
MEDPACE HLDGS INC	7,301	7,301
MOOG INC	8,524	8,524
NATERA INC	5,956	5,956
NEUROCRINE BIOSCIENC	9,219	9,219
NORDSON CORP	9,617	9,617
NOVANTA INC	4,879	4,879
OVINTIV INC	3,919	3,919
PAYLOCITY HLDG CORP	5,490	5,490
PERFORMANCE FOOD GROUP C	7,463	7,463
PINNACLE FINL PARTNR	4,103	4,103
PIPER SANDLER COMPANIES	12,909	12,909
POOL CORP	3,660	3,660
PORTLAND GENERL ELEC	5,279	5,279
POWELL INDS INC	8,607	8,607
PROCORE TECHNOLOGIES INC	7,638	7,638
QUAKER HOUGHTON	6,316	6,316
R B C BEARINGS INC	12,108	12,108
RPM INTERNTNL	6,448	6,448
SAILPOINT INC	7,384	7,384
SCHNEIDER NTNL INC	4,112	4,112
SERVICETITAN INC	3,621	3,621
SIMPSON MFG INC	4,844	4,844
SITEONE LANDSCAPE SUPPLY	6,228	6,228
SPX TECHNOLOGIES INC	5,602	5,602
STERLING INFRASTRUCTURE	4,593	4,593
STIFEL FINL CO	8,765	8,765
TANDEM DIABETES CARE	4,946	4,946
TEXAS ROADHOUSE	9,296	9,296
TRI POINTE HOMES INC	4,563	4,563
UMB FINL CORP	6,442	6,442
VERICEL CORP	5,221	5,221
VOYA FINL INC	9,162	9,162
WINTRUST FINL	7,690	7,690

- TIN:

TY 2025 InvestmentsGovtObligationsSch

Name:

THE JOYCE L WOLF FOUNDATION

EIN:

87-6718183

US Government Securities - End of Year Book Value:

114,260

US Government Securities - End of Year Fair Market Value:

114,260

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

32,085

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

32,085

- TIN:

TY 2025 InvestmentsOtherSchedule2

Name:

THE JOYCE L WOLF FOUNDATION

EIN:

87-6718183

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AMG GW&K INTERNATIONAL S	AT COST	619,923	619,923
AMG GW&K SECURITIZED BON	AT COST	357,989	357,989
RYMAN HOSPITALITY PR	AT COST	7,759	7,759
STAG INDUSTRIAL INC	AT COST	8,271	8,271
AMERN TOWER CORP	AT COST	17,557	17,557
AGREE REALTY CORP	AT COST	5,618	5,618
EASTGROUP PROPERTIES	AT COST	5,344	5,344
HEALTHPEAK PPTYS INC ,	AT COST	3,602	3,602
SUN COMMUNITIES	AT COST	5,576	5,576

- TIN:

TY 2025 OtherExpensesSchedule

Name:

THE JOYCE L WOLF FOUNDATION

EIN:

87-6718183

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MA FORM PC	740	0		740

- TIN:

TY 2025 OtherIncreasesSchedule

Name:

THE JOYCE L WOLF FOUNDATION

EIN:

87-6718183

Description	Amount
UNREALIZED GAINS ON INVESTMENTS	283,965

- TIN:

TY 2025 OtherProfessionalFeesSchedule

Name:

THE JOYCE L WOLF FOUNDATION

EIN:

87-6718183

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	20,590	20,590		0

- TIN:

TY 2025 TaxesSchedule

Name:

THE JOYCE L WOLF FOUNDATION

EIN:

87-6718183

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX	2,953	2,953		0
FEDERAL TAX	6,153	0		0