Charles M Bair Family Trust C/O US Bank NA
EIN 81-6075761, tax year May 1, 2024 to April 30, 2025. The return the foundation filed, as the IRS published it, with its arithmetic re-done exactly and sealed September 28, 2026.
Listed in the IRS register as CHARLES M BAIR FAMILY TR FUND. The name above is as written on the return; the EIN is the same foundation.
This is the latest return the IRS has published for this foundation, for the tax year ended 2025-04-30. The IRS received it on September 9, 2025.
Nothing carried into the next year: the return shows the year’s amount paid within the year.
Every line we re-do agrees with the return as filed.
Keep this record for the foundation, year on year: the Filing Record, the foundation’s own order, cancellable in writing for a full refund until thirty days after the filing deadline.
the distributable amount (Part XI ÷ Part X)
undistributed income, Part XII: nothing carried into the next year
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
end of the tax year, Part II
Ishares Core MsciEafe
of total assets, from that one name
Filing Record: $2,600 a year, direct or at cost through the firm that prepares the return. This page stays whether or not the foundation buys anything. Cancel in writing for any reason, any time up to 30 days after your statutory 990-PF filing deadline (or 12 months from invoice, whichever is earlier): the year is refunded in full to the payer, and seals already generated remain checkable. Or write to a person →
Nothing here can be changed quietly. Try it
This page’s own short link: paretoalphasystems.com/p/d3b7ddeb24de — it fits on a printed page, and whoever opens it can run the same check.
The return’s own arithmetic, re-done
| Line | As filed | Recomputed | Result |
|---|---|---|---|
| Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6) | $816,528 | $816,527.6 | recomputes, within the form's whole-dollar rounding (difference $0.4) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $15,006 | $15,005.5921 | recomputes, within the form's whole-dollar rounding (difference $0.4079) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $801,522 | $801,522 | recomputes exactly |
Where the assets sit, at fair market value
| Part II line | Fair market value | Share of assets |
|---|---|---|
| Cash (line 1) | $150,949 | 0.6% |
| U.S. and state government obligations (line 10a) | $3M | 12.4% |
| Corporate stock (line 10b) | $11.4M | 47.5% |
The ten largest listed stocks, of 85 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 20.1 equal holdings; the ten largest are 64.1% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| Ishares Core MsciEafe | $1.2M | 5.1% |
| Ishares RussellMid Cap | $1.2M | 4.8% |
| Ishares Russell2000 | $798,926 | 3.3% |
| Ishares MsciEafe Value | $731,520 | 3.0% |
| Clearbridge InternationalGrowth | $720,396 | 3.0% |
| Stephens Mid Cap Growth R5 | $616,712 | 2.6% |
| Ishares RussellMid Cap Value | $613,750 | 2.6% |
| Ishares Core MsciEmerging Mkts | $595,870 | 2.5% |
| Ishares MsciEmerging Ex China | $462,431 | 1.9% |
| MicrosoftCorp Com | $395,260 | 1.6% |
What the foundation answered on the form
- Part VI-B 4a: did the foundation invest during the year in a manner that would jeopardize its charitable purposes? No
- Part VI-B 4b: did it make any investment in a prior year that could jeopardize its charitable purpose and that had not been removed from jeopardy? No
- Part VI-B 3a: did it hold more than a 2% direct or indirect interest in any business enterprise? No
- Part VI-B 3b: did it have excess business holdings? Not answered (3a is “No”, so the form does not ask 3b. Our note; not part of the seal.)
- Part VI-B 2a: did it have undistributed income for prior years? No
Quoted as filed. These are the foundation’s own answers; this page does not test them.
Nine controls, read from the return.
Each control reads one part of the filed return and states a fact in a fixed vocabulary: agrees, differs, reported, not reported, not applicable, not checked. Whether any of it met a requirement is counsel’s question, not this page’s.
Recomputed each time the page is read; not part of the seal. The seal covers the body above (controls v2, kernel@2026-09-15.1).
This return: 4 agree, 4 reported, 1 not checked.
| Control | Reads | Result | Detail |
|---|---|---|---|
| Minimum investment return | Part IX line 6 against 5% of line 5, prorated for a short year | agrees | Filed $816,528; recomputed $816,527.6; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $15,006; recomputed $15,005.59; agrees within the form's whole-dollar rounding. |
| Distributable amount | Part X line 7 against the form's own chain from line 1 | agrees | Filed $801,522; recomputed $801,522; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $1,851,765 against a distributable amount of $801,522 (2.31×). |
| Payout deadline | Part XII undistributed income and the date it falls due | reported | Part XII reports $0 undistributed income for the year ended 30 April 2025: nothing carried into the next year, so nothing from this year falls due by 30 April 2026. |
| Holdings tie-out | The corporate-stock schedule against Part II line 10b | agrees | 85 listed holdings sum to Part II line 10b exactly; the largest is 5.1% of total assets. |
| The foundation's own answers | Part VI-B 2a, 3a, 3b, 4a and 4b, each answered | reported | All 4 answered No (3b not asked: 3a is No). |
| Filing timeliness | The e-file timestamp beside the original due date and the extension window, each with its IRC §7503 roll to the next business day | reported | Return timestamped 9 September 2025; the original due date was 15 September 2025; the six-month extension window ended 15 March 2026 (a Sunday, so 16 March 2026 under IRC §7503). Whether an extension was granted is not visible in the e-file; the timestamp is the preparer software's, not the IRS receipt. |
| Year-to-year continuity | This year's opening balances against last year's closing | not checked | Needs the prior year's return; one sealed year cannot check itself. |
A line that differs is the return’s figure beside the recomputed one, as filed and as recomputed. The return may carry a reason this page cannot read: a schedule filed on paper, an election, a later amendment. It is not a finding. The page is not indexed. It is read by whoever holds the link: the person who asked for it, and anyone the foundation sends it to, its preparer first.
Year-to-year continuity needs two filed years on record. The years, below, reads this foundation’s filed returns in order and holds each against the one before.
A payout is owed on last year’s assets, whatever this year’s market does.
Recomputed each time the page is read; not part of the seal. The seal covers the body above (forward v2, kernel@2026-09-15.1). Read against October 8, 2026.
| By | What | Amount | Basis |
|---|---|---|---|
| September 15, 2026 Passed | Excise tax on the year ending 30 April 2026, due with that return by 15 September 2026. That date has passed; the figure for that year is on its own return, not this one. | $15,005 | Projected under the assumptions below |
| April 30, 2027 | Distributable amount for the year ending 30 April 2026, to be paid out | $801,522 | Projected under the assumptions below |
If net noncharitable-use assets fell 20% over the year ending April 30, 2026: what is owed now, nothing from Part XII, is unchanged; the following year’s minimum investment return would be $653,222, $163,305 less than the projection.
The assumptions, the forward kernel proof, and what was refused
- Net noncharitable-use assets for the year ending 30 April 2026 equal this return's Part IX line 5, $16330552; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $1079539.
- No recoveries, income tax or deduction next year; the rates stay 5% and 1.39%; a full tax year.
- The fall shown is 20% of net noncharitable-use assets, applied to next year's average only; what is already owed was computed on this year's average and is unchanged.
- Forward kernel proof (the projection’s own, recomputed, not sealed)
29afdd548e677caf…· kernel@2026-09-15.1 · forward v2, controls v2
- A projection under the stated assumptions, from the foundation's own filed figures; not a forecast, not advice.
- The foundation's preparer computes the actual amounts from the year's monthly values; this page states what the last return implies if nothing changes.
- What is already owed was computed on last year's average assets and does not change with this year's market.
One return is one year. The payout is kept across six.
What a foundation leaves undistributed is due by the end of the next tax year, and what it distributes beyond the year’s amount may be applied in the five years after. So what is owed, and what may be set against it, is only readable across the filed years. The IRS publishes those years; this reads them in order, re-adds each Part XII, and holds each year’s opening lines against the year before’s closing lines.
Sealed under a hash of their own the first time they are opened; not part of the seal above.
Up to six filed returns, read from the IRS and sealed under one hash, at a page of their own. Nothing about you is recorded.
The seal
Recomputed just now: it matches what was sealed on September 28, 2026. Anyone can check it without us.
For your auditor: what this hash is over, and how to check it from the IRS’s own file
d3b7ddeb24de1e9e24603575878436843bb7b92f2343d3025d5088f8b94cb45c · recomputed now, matches202532529349100903, schema 2024v5.2 — the file as the IRS published it hashes to 37bb52544222120a…202532529349100903_public.xml inside 2025_TEOS_XML_09A.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py d3b7ddeb24de --fetchkernel@2026-09-15.1 · kernel proof a0bf2f03f4faff10…b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b · commit 7dd856f88a5e — the digest of the 990-PF rules this proof was sealed under (body v2); a proof of the same return under later rules names this hash as supersededThis page is not listed on this site and asks search engines not to index it. It is reached by its link, which whoever asked for it holds.
This foundation’s finance lead or counsel: to add a note beside this page, ask for a correction, or keep the record, write to us.
11,842 foundation returns re-done by the same code; in 11,827 every line we recompute agrees. The study.
This page stays whether or not the foundation buys anything.
Filing Record: $2,600 a year, direct or carried at cost by the firm that prepares the return.
The program, and the full body that was hashed
let total_assets_fmv = 24008520 USD let mix_cash = share(150949 USD, total_assets_fmv) let mix_government = share(2966242 USD, total_assets_fmv) let mix_stock = share(11400905 USD, total_assets_fmv) let net_noncharitable_assets = 16330552 USD let mir_filed = 816528 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 1079539 USD let excise_filed = 15006 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 801522 USD let distributable_recomputed = 816528 USD - 15006 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 1851765 USD let payout_coverage = qualifying_distributions / distributable_filed let payout_rate = share(qualifying_distributions, net_noncharitable_assets) let undistributed_to_next_year = 0 USD let stocks = [1220005 USD, 1152855 USD, 798926 USD, 731520 USD, 720396 USD, 616712 USD, 613750 USD, 595870 USD, 462431 USD, 395260 USD, 318750 USD, 207927 USD, 205523 USD, 198900 USD, 198500 USD, 184420 USD, 145875 USD, 144196 USD, 109800 USD, 108920 USD, 100320 USD, 92574 USD, 91426 USD, 87276 USD, 84200 USD, 78040 USD, 76988 USD, 72046 USD, 71626 USD, 69790 USD, 67421 USD, 61050 USD, 57730 USD, 57710 USD, 55005 USD, 52033 USD, 49833 USD, 46732 USD, 45763 USD, 45323 USD, 44872 USD, 40818 USD, 40307 USD, 40012 USD, 38984 USD, 34550 USD, 34353 USD, 34065 USD, 29692 USD, 29437 USD, 28124 USD, 27463 USD, 24175 USD, 21330 USD, 21108 USD, 20252 USD, 20064 USD, 19981 USD, 19470 USD, 19302 USD, 19237 USD, 18485 USD, 17824 USD, 17567 USD, 17100 USD, 17095 USD, 15981 USD, 15767 USD, 15071 USD, 13843 USD, 13168 USD, 12508 USD, 12501 USD, 12280 USD, 12250 USD, 12101 USD, 11178 USD, 11095 USD, 10224 USD, 9530 USD, 9168 USD, 8312 USD, 7033 USD, 6174 USD, 3632 USD] let stock_count = count(stocks) let largest_stock = max(stocks) let largest_stock_share_of_assets = share(largest_stock, total_assets_fmv) let top10_share_of_stock = share(sum([1220005 USD, 1152855 USD, 798926 USD, 731520 USD, 720396 USD, 616712 USD, 613750 USD, 595870 USD, 462431 USD, 395260 USD]), sum(stocks)) let stock_concentration = hhi(stocks) let effective_stock_holdings = 1 / stock_concentration let largest_stock_halved_share_of_assets = share(largest_stock * 50%, total_assets_fmv)
{
"mix": [
{
"fmv": "150949",
"line": "cash",
"label": "Cash (line 1)",
"share": "0.00628730967173320138017670393677"
},
{
"fmv": "2966242",
"line": "government",
"label": "U.S. and state government obligations (line 10a)",
"share": "0.123549556574082867248793345029"
},
{
"fmv": "11400905",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.474869129792257082069198767771"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "816075761",
"name": "Charles M Bair Family Trust C/O US Bank NA"
},
"scope": [
"Every figure here is the foundation's own filed return or exact arithmetic on it; nothing is estimated.",
"A 990-PF is a year-end snapshot. Prudence is judged at the time of each decision, which a filing cannot show.",
"This page neither establishes nor rules out any tax consequence, and no return is prepared or amended here.",
"A line that differs is the return's figure beside the recomputed one, as filed and as recomputed. The return may carry a reason this page cannot read: a schedule filed on paper, an election, a later amendment. It is not a finding."
],
"checks": [
{
"id": "minimum_investment_return",
"note": null,
"filed": "816528",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "0.4",
"recomputed": "816527.6"
},
{
"id": "excise_tax",
"note": null,
"filed": "15006",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "0.4079",
"recomputed": "15005.5921"
},
{
"id": "distributable_amount",
"note": null,
"filed": "801522",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "801522"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "1079539",
"grossInvestmentIncome": "1139755",
"netNoncharitableAssets": "16330552",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2025-04-30",
"days": 365,
"begin": "2024-05-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202532529349100903",
"returnTs": "2025-09-09T15:10:20-05:00",
"operating": false,
"sourceSha256": "37bb52544222120a25b5729e5d4a08ad220679323dc7621c17b51105c6838536",
"returnVersion": "2024v5.2",
"partXBoxChecked": false
},
"answers": [
{
"answer": "No",
"question": "Part VI-B 4a: did the foundation invest during the year in a manner that would jeopardize its charitable purposes?"
},
{
"answer": "No",
"question": "Part VI-B 4b: did it make any investment in a prior year that could jeopardize its charitable purpose and that had not been removed from jeopardy?"
},
{
"answer": "No",
"question": "Part VI-B 3a: did it hold more than a 2% direct or indirect interest in any business enterprise?"
},
{
"answer": "Not answered",
"question": "Part VI-B 3b: did it have excess business holdings?"
},
{
"answer": "No",
"question": "Part VI-B 2a: did it have undistributed income for prior years?"
}
],
"program": "let total_assets_fmv = 24008520 USD\nlet mix_cash = share(150949 USD, total_assets_fmv)\nlet mix_government = share(2966242 USD, total_assets_fmv)\nlet mix_stock = share(11400905 USD, total_assets_fmv)\nlet net_noncharitable_assets = 16330552 USD\nlet mir_filed = 816528 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 1079539 USD\nlet excise_filed = 15006 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 801522 USD\nlet distributable_recomputed = 816528 USD - 15006 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 1851765 USD\nlet payout_coverage = qualifying_distributions / distributable_filed\nlet payout_rate = share(qualifying_distributions, net_noncharitable_assets)\nlet undistributed_to_next_year = 0 USD\nlet stocks = [1220005 USD, 1152855 USD, 798926 USD, 731520 USD, 720396 USD, 616712 USD, 613750 USD, 595870 USD, 462431 USD, 395260 USD, 318750 USD, 207927 USD, 205523 USD, 198900 USD, 198500 USD, 184420 USD, 145875 USD, 144196 USD, 109800 USD, 108920 USD, 100320 USD, 92574 USD, 91426 USD, 87276 USD, 84200 USD, 78040 USD, 76988 USD, 72046 USD, 71626 USD, 69790 USD, 67421 USD, 61050 USD, 57730 USD, 57710 USD, 55005 USD, 52033 USD, 49833 USD, 46732 USD, 45763 USD, 45323 USD, 44872 USD, 40818 USD, 40307 USD, 40012 USD, 38984 USD, 34550 USD, 34353 USD, 34065 USD, 29692 USD, 29437 USD, 28124 USD, 27463 USD, 24175 USD, 21330 USD, 21108 USD, 20252 USD, 20064 USD, 19981 USD, 19470 USD, 19302 USD, 19237 USD, 18485 USD, 17824 USD, 17567 USD, 17100 USD, 17095 USD, 15981 USD, 15767 USD, 15071 USD, 13843 USD, 13168 USD, 12508 USD, 12501 USD, 12280 USD, 12250 USD, 12101 USD, 11178 USD, 11095 USD, 10224 USD, 9530 USD, 9168 USD, 8312 USD, 7033 USD, 6174 USD, 3632 USD]\nlet stock_count = count(stocks)\nlet largest_stock = max(stocks)\nlet largest_stock_share_of_assets = share(largest_stock, total_assets_fmv)\nlet top10_share_of_stock = share(sum([1220005 USD, 1152855 USD, 798926 USD, 731520 USD, 720396 USD, 616712 USD, 613750 USD, 595870 USD, 462431 USD, 395260 USD]), sum(stocks))\nlet stock_concentration = hhi(stocks)\nlet effective_stock_holdings = 1 / stock_concentration\nlet largest_stock_halved_share_of_assets = share(largest_stock * 50%, total_assets_fmv)",
"results": {
"mix_cash": "0.00628730967173320138017670393677",
"mir_filed": "816528 USD",
"mix_stock": "0.474869129792257082069198767771",
"payout_rate": "0.1133926764998513216209715385",
"stock_count": "85",
"excise_filed": "15006 USD",
"largest_stock": "1220005 USD",
"mir_difference": "0.4 USD",
"mir_recomputed": "816527.6 USD",
"mix_government": "0.123549556574082867248793345029",
"payout_coverage": "2.31031088354405743073802091521",
"total_assets_fmv": "24008520 USD",
"excise_difference": "0.4079 USD",
"excise_recomputed": "15005.5921 USD",
"distributable_filed": "801522 USD",
"stock_concentration": "0.0498507271962222322912664527982",
"top10_share_of_stock": "0.640977624144749912397305301641",
"net_investment_income": "1079539 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "801522 USD",
"effective_stock_holdings": "20.0598879142485527634040718741",
"net_noncharitable_assets": "16330552 USD",
"qualifying_distributions": "1851765 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0508155021633986601423161444354",
"largest_stock_halved_share_of_assets": "0.0254077510816993300711580722177"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "1220005",
"name": "Ishares Core MsciEafe",
"shareOfAssets": "0.0508155021633986601423161444354"
},
{
"fmv": "1152855",
"name": "Ishares RussellMid Cap",
"shareOfAssets": "0.0480185784046663434480759330438"
},
{
"fmv": "798926",
"name": "Ishares Russell2000",
"shareOfAssets": "0.0332767700799549493263224888498"
},
{
"fmv": "731520",
"name": "Ishares MsciEafe Value",
"shareOfAssets": "0.0304691834398788430107311904274"
},
{
"fmv": "720396",
"name": "Clearbridge InternationalGrowth",
"shareOfAssets": "0.0300058479239869846204597367934"
},
{
"fmv": "616712",
"name": "Stephens Mid Cap Growth R5",
"shareOfAssets": "0.0256872143722311912604358785964"
},
{
"fmv": "613750",
"name": "Ishares RussellMid Cap Value",
"shareOfAssets": "0.0255638415029331254071471294357"
},
{
"fmv": "595870",
"name": "Ishares Core MsciEmerging Mkts",
"shareOfAssets": "0.0248191058840778190409071446303"
},
{
"fmv": "462431",
"name": "Ishares MsciEmerging Ex China",
"shareOfAssets": "0.0192611206355077280898614325248"
},
{
"fmv": "395260",
"name": "MicrosoftCorp Com",
"shareOfAssets": "0.0164633221872901786532447647752"
}
],
"count": 85,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "a0bf2f03f4faff10899ede4c9a5ace01be4edb992a4d448a42ba085de86a8ddb",
"otherInvestments": []
}The seal’s own scope:
- Every figure here is the foundation's own filed return or exact arithmetic on it; nothing is estimated.
- A 990-PF is a year-end snapshot. Prudence is judged at the time of each decision, which a filing cannot show.
- This page neither establishes nor rules out any tax consequence, and no return is prepared or amended here.
- A line that differs is the return's figure beside the recomputed one, as filed and as recomputed. The return may carry a reason this page cannot read: a schedule filed on paper, an election, a later amendment. It is not a finding.
We don’t prepare or file a 990-PF. We read the one the foundation filed, re-do its arithmetic exactly, and seal what it says.