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
AUDREY LOVE CHARITABLE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 200 OLD COUNTRY RD SUITE 364
  Room/suite
City or town
MINEOLA
State or province
NY
Country  
ZIP or foreign postal code
11501
A Employer identification number

22-2766994
B Telephone number (see instructions)

5162480650
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$60,305,456J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 998,481 998,481 998,481
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,969,733
b Gross sales price for all assets on line 6a 11,066,330
7 Capital gain net income (from Part IV, line 2)... 1,969,733
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........ 2,968,214 2,968,214 998,481
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 257,577     257,577
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
48,000     48,000
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
33,503     33,503
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
9,000     9,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
58,318     58,318
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
415,015 387,192 387,192 415,015
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 821,413 387,192 387,192 821,413
25 Contributions, gifts, grants paid....... 1,846,000 1,846,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 2,667,413 387,192 387,192 2,667,413
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 300,801
b Net investment income (if negative, enter -0-) 2,581,022
c Adjusted net income (if negative, enter -0-)... 611,289
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 314,011 192,013 192,013
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.......... 18,057    
10a Investments—U.S. and state government obligations (attach schedule) 8,830,356 Click to see attachment
List of Attached Documents:
// Content
9,348,488 		9,348,488
b Investments—corporate stock (attach schedule)....... 38,688,377 Click to see attachment
List of Attached Documents:
// Content
42,525,575 		42,525,575
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 7,532,890 Click to see attachment
List of Attached Documents:
// Content
8,239,380 		8,239,380
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) 55,383,691 60,305,456 60,305,456
Liabilities 17 Accounts payable and accrued expenses.......... 4,207  
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)......... 4,207 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 55,379,484 60,305,456
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 55,379,484 60,305,456
30 Total liabilities and net assets/fund balances (see instructions). 55,383,691 60,305,456
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
55,379,484
2
Enter amount from Part I, line 27a .....................
2
300,801
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
4,625,662
4
Add lines 1, 2, and 3 ..........................
4
60,305,947
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
491
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
60,305,456
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a MORGAN STANLEY - LT P 2001-01-01 2025-12-31
b MORGAN STANLEY - ST P 2025-01-01 2025-12-31
c RACHLIN-LONG TERM CG PER K-1'S P 2001-01-01 2025-12-31
d STIFEL NICOLAUS & COMPANY - LT P 2001-01-01 2025-12-31
e STIFEL NICOLAUS & COMPANY - ST P 2025-01-01 2025-12-31
WELLS FARGO - ST P 2025-01-01 2025-12-31
WELLS FARGO ADVISORS - CG DISTRIBUTIONS P 2025-01-01 2025-12-31
ML INV A/C #XXX14 - LT P 2001-01-01 2025-12-31
RACHLIN - GP - L-T P 2001-01-01 2025-12-31
WELLS FARGO - LT P 2001-01-01 2025-12-31
STIFEL NICOLAUS & COMPANY - CG DISTRIB P 2001-01-01 2025-12-31
STIFEL NICOLAUS & COMPANY - LT P 2001-01-01 2025-12-31
RACHLIN - GP - S-T P 2025-01-01 2025-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 764,562   410,336 354,226
b 114,630   106,935 7,695
c     607 -607
d        
e 11,555   12,085 -530
2,814,672   3,117,655 -302,983
86,165     86,165
3,557,332   1,948,986 1,608,346
524,847   438,896 85,951
2,800,139   2,646,651 153,488
3,096     3,096
242,484   264,315 -21,831
146,848   150,131 -3,283
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       354,226
b       7,695
c       -607
d        
e       -530
      -302,983
      86,165
      1,608,346
      85,951
      153,488
      3,096
      -21,831
      -3,283
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,969,733
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ......................... 		Bracket 3 -299,100
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 35,876
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  
3 Add lines 1 and 2........................... 3 35,876
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 35,876
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 38,981
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 60,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 98,981
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8  
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 63,105
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax63,105 Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
DE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressN/A
14
The books are in care ofERIC KUTNER Telephone no. (516) 248-0650

Located at200 OLD COUNTRY RD SUITE 364MINEOLANY ZIP+411501
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
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)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
R KEITH MCCALL Director
0.00 		1,200    
9864 PARKWAY ROAD
BALSAM GROVE,NC28708
ERIC M KUTNER President
30.00 		118,514    
200 OLD COUNTRY RD STE 364
MINEOLA,NY11501
GEORGE R BENTON III Director
0.00 		1,200    
116 RIDGEWOOD PLACE
BREVARD,NC28712
GERARD B BAJEK Secretary
30.00 		127,263    
PO BOX 1017
PISGAH FOREST,NC28768
RICKY GOLD Director
0.00 		1,200    
52 YUKON DRIVE
WOODBURY,NY11797
JEFFREY S TANEN Director
0.00 		1,200    
22 BROCKMEYER DRIVE
MASSAPEQUA,NY11758
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...................  
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................  
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
57,678,130
b
Average of monthly cash balances.......................
1b
248,012
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
57,926,142
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
57,926,142
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
868,892
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
57,057,250
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
2,852,863
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,852,863
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
35,876
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
35,876
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,816,987
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,816,987
6
Deduction from distributable amount (see instructions) .................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,816,987
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
2,667,413
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,667,413
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 2,816,987
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023...... 112,182
e From 2024...... 187,876
f Total of lines 3a through e ........ 300,058
4Qualifying distributions for 2025 from Part
XI, line 4: $ 2,667,413
a Applied to 2024, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		 
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 2,667,413
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2025. 149,574 149,574
(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 5 150,484
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
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) ....... 		 
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		150,484
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 .... 150,484
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or 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)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
METROPOLITAN OPERA FUND


LINCOLN CENTER
NEW YORK,NY10023 		    CHARITY 60,000
CANCER RESEARCH TREATMENT FUND


74 EAST 79TH ST SUITE 5B
NEW YORK,NY10021 		    CHARITY 20,000
CARNEGIE HALL SOCIETY INC


881 SEVENTH AVENUE
NEW YORK,NY10019 		    CHARITY 125,000
NEW YORK PHILHARMONIC


10 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		    CHARITY 50,000
NEWBERRY OPERA HOUSE FND


1201 MCKIBBEN STREET
NEWBERRY,SC29108 		    CHARITY 20,000
FOUNDATION FIGHTING BLINDNESS INC


18911 COLLINS AVENUE 1801
SUNNY ISLES,FL33160 		    CHARITY 15,000
LAST CHANCE FOR ANIMALS


8033 SUNSET BLVD 835
LOS ANGELES,CA90046 		    CHARITY 5,000
MARK J FRIEDMAN FOUNDATION INC


980 OLD COUNTRY RD
PLAINVIEW,NY11803 		    CHARITY 20,000
FRIENDS OF NEW BOLTON CENTER FUND


382 WEST ST RD
KENNETT SQUARE,PA19348 		    CHARITY 5,000
RETURN TO FREEDOM INC WILD HORSE CO


PO BOX 926
LOMPOC,CA93438 		    CHARITY 10,000
THE CHILDRENS CENTER OF TRANSYLVANI


95 SOUTH JOHNSON STREET
BREVARD,NC28712 		    CHARITY 7,000
CAREER TRANSITION FOR DANCERS


165 West 46th St
New York,NY10036 		    CHARITY 5,000
COUNCIL ON AGING FOR HENDERSON COUN


105 KING CREEK BLVD
HENDERSONVILLE,NC28792 		    CHARITY 8,000
SKYDANCER INC


116 RIDGEWOOD PLACE
BREVARD,NC28712 		    CHARITY 150,000
DOLPHIN RESEARCH CENTER


58901 OVERSEAS HIGHWAY
GRASSY KEY,FL33050 		    CHARITY 10,000
ANIMAL MEDICAL CENTER


510 E 62ND ST
NEW YORK,NY10065 		    CHARITY 40,000
HENDERSONVILLE RESCUE MISSION


639 MAPLE ST
HENDERSONVILLE,NC28792 		    CHARITY 6,000
MEALS ON WHEELS OF BREVARD


431 E MAIN ST
BREVARD,NC28712 		    CHARITY 10,000
THE SALVATION ARMY


PO BOX 31128
CHARLOTTE,NC28231 		    CHARITY 10,000
FRIENDS OF WLRN


172 NE 15TH ST
MIAMI,FL33132 		    CHARITY 25,000
THE CHOPIN FDN OF THE UNITED STATES


1440 79TH STREET CAUSEWAY
MIAMI,FL33141 		    CHARITY 5,000
AMFAR THE FDN FOR AIDS RESEARCH


120 WALL ST 13TH FLOOR
NEW YORK,NY10005 		    CHARITY 5,000
GENTLE GIANTS DRAFT HORSE RESCUE


925 LADY ANNE COURT
MOUNT AIRY,MD21771 		    CHARITY 15,000
MEMORIAL SLOAN KETTERING CENTER CEN


1275 YORK AVENUE
NEW YORK,NY10065 		    CHARITY 10,000
STANDARDBRED RETIREMENT FOUNDATION


353 SWEETMANS LANE 101
MILLSTONE TWP,NJ08535 		    CHARITY 10,000
THE FREE CLINIC OF TRANSYLVANIA COU


PO BOX 1135
BREVARD,NC28712 		    CHARITY 25,000
CATMAN2 INC


PO BOX 2344
CULLOWHEE,NC28723 		    CHARITY 5,000
ALLEY CATS ALLIES


7920 NORFOLK AVENUE 600
BETHESDA,MD20814 		    CHARITY 12,000
CENTER FOR GREAT APES


PO BOX 488
WAUCHULA,FL33873 		    CHARITY 10,000
DOCTORS WITHOUT BORDERS


333 7TH AVE 2ND FLOOR
NEW YORK,NY10001 		    CHARITY 10,000
TRANSYLVANIA COMMUNITY ARTS COUNCIL


PO BOX 1229
BREVARD,NC28712 		    CHARITY 6,000
THE BREAD OF LIFE


238 S CALDWELL ST
BREVARD,NC28712 		    CHARITY 7,000
PELICAN HARBOR SEABIRD STATION


1279 NE 79TH ST CAUSEWAY
MIAMI,FL33138 		    CHARITY 6,000
ASHEVILLE HUMANE SOCIETY


14 FOREVER FRIEND LANE
ASHEVILLE,NC28806 		    CHARITY 75,000
HEART INC


10800 OLD COUNTRY RD 15 100
PLYMOUTH,MN55441 		    CHARITY 10,000
SOUTH FLORIDA SPCA


15476 NW 77 COURT 440
MIAMI LAKES,FL33016 		    CHARITY 7,000
SPEAK UP FOR HORSES


PO BOX 434
FALMOUTH,KY41040 		    CHARITY 10,000
THE HAVEN OF TRANSYLVANIA COUNTY


PO BOX 25
BREVARD,NC28712 		    CHARITY 12,000
THOROUGHBRED RETIREMENT FOUNDATION


PO BOX 834
SARATOGA SPRINGS,NY12866 		    CHARITY 10,000
ANIMALS' ANGELS INCORPORATED


PO BOX 1056
WESTMINSTER,MD21158 		    CHARITY 5,000
CANINE THERAPY CORP


1700 W IRVING PARK RD 311
CHICAGO,IL60613 		    CHARITY 7,000
GULFSTREAM GDN ANGELS ROTTWEILER RE


18468 NW 24TH STREET
PEMBROKE PINES,FL33029 		    CHARITY 20,000
LINCOLN CENTER


10 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		    CHARITY 60,000
LIFESAVERS WILD HORSES RESCUE


35700 SAND CANYON ROAD
CALIENTE,CA93518 		    CHARITY 20,000
ASHEVILLE SYMPHONY ORCHESTRA


PO BOX 2852
ASHEVILLE,NC28802 		    CHARITY 14,000
BROTHER WOLF ANIMAL RESCUE


31 GLENDALE AVENUE
ASHEVILLE,NC28803 		    CHARITY 30,000
CHARLIE'S ANGELS


5526 HENDERSONVILLE ROAD
FLETCHER,NC28732 		    CHARITY 10,000
HENDERSONVILLE SYMPHONY


PO BOX 1811
HENDERSONVILLE,NC28793 		    CHARITY 14,000
SAFE


PO BOX 2013
BREVARD,NC28712 		    CHARITY 8,000
SHARING HOUSE


PO BOX 958
BREVARD,NC28712 		    CHARITY 12,000
TRANSYLVANIA HABITAT FOR HUMANITY


692 ECUSTA ROAD
BREVARD,NC28712 		    CHARITY 8,000
MILLER SCHOOL OF MEDICINE


PO BOX 016960 R 100
MIAMI,FL33101 		    CHARITY 25,000
BIG DOG RANCH RESCUE INC


935 TOWNHALL AVE STE 1
JUPITER,FL33458 		    CHARITY 10,000
BOXER BUTTS AND OTHER MUTTS INC


108 SCHERMERHORN LANE
ARDEN,NC28704 		    CHARITY 7,000
EQUINE ADVOCATES INC


PO BOX 354
CHATHAM,NY12037 		    CHARITY 10,000
FLAT ROCK PLAYHOUSE


2661 GREENVILLE HIGHWAY
FLAT ROCK,NC28731 		    CHARITY 14,000
FOOTHILLS HUMANE SOCIETY


989 LITTLE MOUNTAIN ROAD
COLUMBUS,NC28722 		    CHARITY 8,000
INDEPENDENT ANIMAL RESCUE


PO BOX 14232
DURHAM,NC27709 		    CHARITY 5,000
RED LAKE ROSIES RESCUE


23880 S GOOD RD
TRAIL,MN56684 		    CHARITY 8,000
SOUTH FLORIDA WILDLIFE CENTER INC


3200 SOUTHWEST 4TH AVENUE
FORT LAUDERDALE,FL33315 		    CHARITY 7,000
SWEET RELIEF MUSICIANS FUND


2601 E CHAPMAN AVE STE 204
FULLERTON,CA92831 		    CHARITY 5,000
VIZCAYA MUSEUM GARDENS TRUST INC


3251 S MIAMI AVE
MIAMI,FL33129 		    CHARITY 10,000
ALZHEIMER'S DISEASE RESEARCH


22512 GATEWAY CENTER DRIVE
CLARKSBURG,MD20871 		    CHARITY 5,000
CITY MEALS ON WHEELS


355 LEXINGTON AVENUE
NEW YORK,NY10017 		    CHARITY 25,000
SARGES ANIMAL RESCUE FDN INC AKA SA


PO BOX 854
WAYNESVILLE,NC28786 		    CHARITY 6,000
COPS FOR KIDS TRANSYLVANIA COUNTY


153 PUBLIC SAFETY WAY
BREVARD,NC28712 		    CHARITY 10,000
COUNCIL ON AGING IN BUNCOMBE COUNTY


46 SHEFFIELD CIRCLE
ASHEVILLE,NC28803 		    CHARITY 8,000
BREVARD PHILHARMONIC


PO BOX 1547
BREVARD,NC28712 		    CHARITY 14,000
NATIONAL HUMANE EDUCATION SOCIETY


PO BOX 340
CHARLESTOWN,WV25414 		    CHARITY 4,000
PILOTS PAWS


4651 HOWE ROAD
LANDRUM,SC29356 		    CHARITY 7,000
BREVARD BAND ASSOCIATION


609 N COUNTRY CLUB ROAD
BREVARD,NC28712 		    CHARITY 7,000
FINE ARTS DEPT BREVARD COLLEGE


ONE BREVARD COLLEGE DRIVE
BREVARD,NC28712 		    CHARITY 5,000
PAW WARRIORS INC


355 SPRING TIME STREET
SPRING HILL,FL34608 		    CHARITY 5,000
POSITIVE COMMUNITY CONNECTIONS


PO BOX 263
GREENLAWN,NY11740 		    CHARITY 5,000
RUSTY'S LEGACY ANIMAL RESCUE


139 LYTLE MOUNTAIN ROAD
MARION,NC28752 		    CHARITY 20,000
CENTER FOR THERAPEUTIC RIDING CTREE


PO BOX 1148
BRIDGEHAMPTON,NY11932 		    CHARITY 10,000
MEALS ON WHEELS ASHEVILLE BUNCOMB


146 VICTORIA RD
ASHEVILLE,NC28801 		    CHARITY 10,000
PETS FOR THE ELDERLY FDN


530 E HUNT HWY
SAN TAN VALLEY,AZ85143 		    CHARITY 6,000
BLUE RIDGE HUMANE SOCIETY


100-B CHADWICK SQUARE COURT
HENDERSONVILLE,NC28739 		    CHARITY 7,000
ANGEL FLIGHT SOARS


2000 AIRPORT ROAD SUITE 227
ATLANTA,GA30341 		    CHARITY 10,000
ANIMAL RESCUE FUND OF THE HAMPTONS


90 DANIELS HOLD ROAD BOX 901
WAINSCOTT,NY11975 		    CHARITY 5,000
SAG HARBOR COMMUNITY FOOD PANTRY IN


PO BOX 1241
SAG HARBOR,NY11963 		    CHARITY 10,000
SEA GATE LAW ENFORCEMENT FOUNDATION


PO BOX 174
OLD BRIDGE,NJ08857 		    CHARITY 8,000
WPBT


PO BOX 610002
MIAMI,FL33761 		    CHARITY 25,000
ALLIED ARTISTS OF AMERICA


445 PARK AVENUE
NEW YORK,NY10022 		    CHARITY 5,000
NAT'L ORGANIZ DISORDERS CORPUS CALL


18032-C LEMON DRIVE PMB 363
YORBA LINDA,CA92886 		    CHARITY 10,000
NUTLEY HISTORICAL SOCIETY


65 CHURCH STREET
NUTLEY,NJ07110 		    CHARITY 10,000
WILD ABOUT CATS CUMBERLAND COUNTY


PO BOX 3093
CROSSVILLE,TN38557 		    CHARITY 4,000
NORTH FORK ANIMAL WELFARE LEAGUE


165 PECONIC LANE
PECONIC,NY11958 		    CHARITY 5,000
PISGAH PAWS


190 BROAD STREET
BREVARD,NC28712 		    CHARITY 6,000
NEW VOCATIONS RACEHORSE ADOPTION PR


719 DOLAN LANE
LEXINGTON,KY40511 		    CHARITY 5,000
BLUE RIDGE HEALTH


2579 CHIMNEY ROAK ROAD
HENDERSONVILLE,NC28792 		    CHARITY 15,000
LEAF GLOBAL ARTS


19 EAGLE ST
ASHEVILLE,NC28801 		    CHARITY 12,000
PEGGY LILLIS FOUNDATION


415 AVENUE C 4D
BROOKLYN,NY11218 		    CHARITY 5,000
RISING STAR ROTTWEILER RESCUE INC


10201 LANTANA ROAD
LAKE WORTH,FL33449 		    CHARITY 10,000
WILD LANDS WILD HORSE FDN


1849 C STREET NW
WASHINGTON,DC20240 		    CHARITY 25,000
BLACK MOUNTAIN HOME


80 LAKE EDEN ROAD
BLACK MOUNTAIN,NC28711 		    CHARITY 7,000
BOYKIN SPANIEL RESCUE INC


112 HUNTER RIDGE DRIVE
BOILING SPRINGS,SC29316 		    CHARITY 8,000
CHILDREN'S CANCER PARTNERS OF CAROL


900 S PINE ST SUITE F
SPARTANBERG,SC29302 		    CHARITY 25,000
DIAMOND RACE HORSE RESCUE RETIREMEN


5 FOUNTAIN LANE
JERICHO,NY11753 		    CHARITY 15,000
DOGS DESERVE BETTER - PIEDMONT


PO BOX 34
WAKE FOREST,NC27588 		    CHARITY 5,000
EMERGE GALLERY ART CENTER


404 EVANS STREET
GREENVILLE,NC27858 		    CHARITY 12,000
EVERY VOICE CHOIRS


PO BOX 250646
NEW YORK,NY10025 		    CHARITY 10,000
HOPE 4 SUNSHINE


21 ROSE HILL ROAD
BALSAM GROVE,NC28708 		    CHARITY 25,000
LOGAN'S RUN RESCUE


3000 HWY 64 E
MURPHY,NC28906 		    CHARITY 10,000
LOVE RESPECT


350 CHADWICK AVE SUITE 300
HENDERSONVILLE,NC28739 		    CHARITY 10,000
MANNA FOOD BANK


627 SWANNANOA RIVER RD
ASHEVILLE,NC28805 		    CHARITY 10,000
MCCARTHY'S WILDLIFE SANCTUARY


12942 61ST STREET NORTH
WEST PALM BEACH,FL33412 		    CHARITY 10,000
MIAMI LIGHTHOUSE FOR THE BLIND


601 SW 8TH AVENUE
MIAMI,FL33130 		    CHARITY 20,000
PAWS CROSSED ANIMAL RESCUE INC


100 SOUTH WAREHOUSE LANE
ELMSFORD,NY10523 		    CHARITY 10,000
RED RIDING HOOD RESCUE


6955 SHURZ ROAD
MIDDLETOWN,OH45042 		    CHARITY 10,000
SAVE THE CHIMPS


PO BOX 12220
FORT PIERCE,FL34979 		    CHARITY 10,000
SHELTER DOG TRANSPORT ALLIANCE


39 WOODVALE AVENUE
ASHEVILLE,NC28804 		    CHARITY 5,000
TIGERS FOR TOMORROW


708 COUNTY ROAD 345
ATTALLA,AL35954 		    CHARITY 15,000
WHARTON ARTS


60 LOCUS AVENUE
BERKELY HEIGHTS,NJ07922 		    CHARITY 25,000
WOLFE HAVEN RIDGE


2008 SUGAR TREE BRANCH RD
WALLINGFORD,KY41093 		    CHARITY 10,000
BELLA'S ANGELS


13860 WELLINGTON TRACE 38-11
WELLINGTON,FL33414 		    CHARITY 10,000
CAROL'S SENIOR PET SANCTUARY


600 MONTAUK HIGHWAY
BAPYPORT,NY11705 		    CHARITY 2,500
CHRISTA SAUL WELGER FOUNDATION


1450 WASHINGTON ST PH 07
HOBOKEN,NJ07030 		    CHARITY 2,500
343 FOUNDATION


68 MALONE AVENUE
EAST ATLANTIC BEACH,NY11561 		    CHARITY 500
HENDERSONVILLE THEATRE


229 S WASHINGTON ST
HENDERSONVILLE,NC28739 		    CHARITY 5,000
HORNELL AREA HUMANE SOCIETY


7649 INDUSTRIAL PARK ROAD
HORNELL,NY14843 		    CHARITY 3,500
MYRIAD USA


551FIFTH AVENUE SUITE 2400
NEW YORK,NY10176 		    CHARITY 20,000
ORKESTAI FARM


PO BOX 653
OYSTER BAY,NY11771 		    CHARITY 2,500
PEDIATRIC HYDROCELHALUS FOUNDATION


106 HILLSIDE AVENUE
WOODBRIDGE,NJ07095 		    CHARITY 2,500
THE JULLIARD SCHOOL


60 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		    CHARITY 15,000
THE MILANA FAMILY FOUNDATION


34 AUDREY AVENUE
OYSTER BAY,NY11771 		    CHARITY 5,000
TILLES CENTER FOR PERFORMING ARTS


720 NORTHERN BLVD
BROOKVILLE,NY11548 		    CHARITY 25,000
TRANSYLVANIA VOCATIONAL SERVICES


11 MOUNTAIN INDUSTRIAL DR
BREVARD,NC28712 		    CHARITY 8,000
Total ................................. 3a 1,846,000
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....         998,481
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 ............ 		        1,969,733
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) ..     2,968,214
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,968,214
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID: 25022934
Software Version: 2025v4.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
AUDREY LOVE CHARITABLE FOUNDATION
EIN:
22-2766994
Software ID:
25022934
Software Version:
2025v4.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 7,508 0 0 7,508
AUDITING FEES 14,832 0 0 14,832
TAX PREPARATION FEES 11,163 0 0 11,163

TY 2025 InvestmentsCorpStockSchedule
Name:
AUDREY LOVE CHARITABLE FOUNDATION
EIN:
22-2766994
Software ID:
25022934
Software Version:
2025v4.1
Name of Stock End of Year Book Value End of Year Fair Market Value
RACHLIN GROUP 6,704,858 6,704,858
MERRILL LYNCH 19,315,140 19,315,140
MORGAN STANLEY 16,258,178 16,258,178
STIFEL EQUITIES 247,399 247,399

TY 2025 InvestmentsGovtObligationsSch
Name:
AUDREY LOVE CHARITABLE FOUNDATION
EIN:
22-2766994
Software ID:
25022934
Software Version:
2025v4.1
US Government Securities - End of Year Book Value:

9,348,488
US Government Securities - End of Year Fair Market Value:

9,348,488
State & Local Government Securities - End of Year Book Value:


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


 


TY 2025 InvestmentsOtherSchedule2
Name:
AUDREY LOVE CHARITABLE FOUNDATION
EIN:
22-2766994
Software ID:
25022934
Software Version:
2025v4.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
STIFEL MUTUAL FUNDS FMV 61,655 61,655
WELLS FARGO EQUITIES FMV 5,441,042 5,441,042
WELLS FARGO MUTUAL FUNDS FMV 2,736,683 2,736,683

TY 2025 LegalFeesSchedule
Name:
AUDREY LOVE CHARITABLE FOUNDATION
EIN:
22-2766994
Software ID:
25022934
Software Version:
2025v4.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 48,000 0 0 48,000


TY 2025 OtherDecreasesSchedule
Name:
AUDREY LOVE CHARITABLE FOUNDATION
EIN:
22-2766994
Software ID:
25022934
Software Version:
2025v4.1
Description Amount
NON-DEDUCTIBLE EXPENSES (RACHLIN) 491


TY 2025 OtherExpensesSchedule
Name:
AUDREY LOVE CHARITABLE FOUNDATION
EIN:
22-2766994
Software ID:
25022934
Software Version:
2025v4.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK CHARGES 17     17
DUES & SUBSCRIPTIONS 25     25
FOREIGN WITHHOLDING TAX 4,687 4,687 4,687 4,687
INSURANCE 24,943     24,943
INVESTMENT EXPENSES 83 83 83 83
INVESTMENT INTEREST EXPENSE 752 752 752 752
INVESTMENT MGMT & CUSTODIAL FEES 381,670 381,670 381,670 381,670
OFFICE EXPENSES 2,838     2,838


TY 2025 OtherProfessionalFeesSchedule
Name:
AUDREY LOVE CHARITABLE FOUNDATION
EIN:
22-2766994
Software ID:
25022934
Software Version:
2025v4.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
HUMAN RESOURCES 9,000 0 0 9,000


TY 2025 TaxesSchedule
Name:
AUDREY LOVE CHARITABLE FOUNDATION
EIN:
22-2766994
Software ID:
25022934
Software Version:
2025v4.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAXES 38,981     38,981
PAYROLL TAXES 19,337     19,337