MICHAEL & MARGARET PICOTTE FOUNDATION INC: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization: MICHAEL & MARGARET PICOTTE FOUNDATION INC (EIN 06-1307349)
Tax period: 2025-01-01 to 2025-12-31
Filed: 2026-05-05
IRS object ID: 202601259349100135
Schema version: 2025v4.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
All Oth Prog Rltd Investments Sch
Depreciation Schedule
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-05-05T07:33:41-05:00	ReturnTs
Tax Period End	2025-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SHADE TREE ADVISORS LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	19 Railroad Place Suite 301	AddressLine1Txt
City	SARATOGA SPRINGS	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12866	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2025-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	061307349	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MICHAEL AND MARGARET PICOTTE FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% SHADE TREE ADVISORS	InCareOfNm
Business Name Control	MICH	BusinessNameControlTxt
Phone	5182909460	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	19 Railroad Pl ste 301 C/O STA	AddressLine1Txt
City	SARATOGA SPRINGS	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12866	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MARGARET L PICOTTE	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	5182909460	PhoneNum
Signature	2026-05-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MARY CARBONE	PreparerPersonNm
PTIN	P01247414	PTIN
Phone	5182909460	PhoneNum

Field	Value	IRS element (for citing)
Tax	2025	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$6,486,722	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$0	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$85,618	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$85,618	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$84,023	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$84,023	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$571,440	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$571,440	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$571,440	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$741,081	TotalRevAndExpnssAmt
Total Net Invst Incm	$741,081	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss	$6,285	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$3,143	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$3,142	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$11,204	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$954	TaxesNetInvstIncmAmt
Printing And Pub Rev And Expnss	$340	PrintingAndPubRevAndExpnssAmt
Printing And Pub Dsbrs Chrtbl	$340	PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss	$3,023	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$3,023	OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$20,852	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$7,120	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$3,482	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$320,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$320,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$340,852	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$7,120	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$323,482	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$400,229	ExcessRevenueOverExpensesAmt
Net Investment Income	$733,961	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$9,320	CashBOYAmt
Cash EOY	$29,307	CashEOYAmt
Cash EOYFMV	$29,307	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$2,475,961	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$1,959,203	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$1,959,203	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$1,697,977	CorporateStockBOYAmt
Corporate Stock EOY	$2,545,584	CorporateStockEOYAmt
Corporate Stock EOYFMV	$3,046,729	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$1,114,673	CorporateBondsBOYAmt
Corporate Bonds EOY	$1,161,731	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$1,146,021	CorporateBondsEOYFMVAmt
Other Investments BOY	$280,792	OtherInvestmentsBOYAmt
Other Investments EOY	$280,792	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$294,906	OtherInvestmentsEOYFMVAmt
Other Assets BOY	$8,221	OtherAssetsBOYAmt
Other Assets EOY	$10,556	OtherAssetsEOYAmt
Other Assets EOYFMV	$10,556	OtherAssetsEOYFMVAmt
Total Assets BOY	$5,586,944	TotalAssetsBOYAmt
Total Assets EOY	$5,987,173	TotalAssetsEOYAmt
Total Assets EOYFMV	$6,486,722	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$5,586,944	CapitalStockBOYAmt
Capital Stock EOY	$5,987,173	CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY	$5,586,944	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$5,987,173	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$5,586,944	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$5,987,173	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$5,586,944	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$400,229	ExcessRevenueOverExpensesAmt
Subtotal	$5,987,173	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$5,987,173	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Field	Value	IRS element (for citing)
Property	CAPITAL GAIN DIVIDENDS	PropertyDesc
How Acquired	P	HowAcquiredCd
Gain Or Loss	$571,440	GainOrLossAmt

Field	Value	IRS element (for citing)
Capital Gain Net Income	$571,440	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$10,202	InvestmentIncomeExciseTaxAmt
Subtotal	$10,202	SubtotalAmt
Tax Based On Investment Income	$10,202	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$11,226	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits	$11,226	TotalPaymentsAndCreditsAmt
Overpayment	$1,024	OverpaymentAmt
Applied To ES Tax	$1,024	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	NY	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	Yes (true)	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	SHADE TREE ADVISORS	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5182909460	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	19 RAILROAD PLACE SUITE 301	AddressLine1Txt
City	SARATOGA SPRINGS	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12866	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL B PICOTTE
19 Railroad Pl ste 301 C/O STA	SARATOGA SPRINGS	NY	12866	Vice PRESIDENT; <1hr/week	0	$0	$0	$0
MARGARET L PICOTTE
19 Railroad Pl ste 301 C/O STA	SARATOGA SPRINGS	NY	12866	President; <1hr/week	0	$0	$0	$0
NICOLE L SMITH
19 Railroad Pl ste 301 C/O STA	SARATOGA SPRINGS	NY	12866	Secretary; <1hr/week	0	$0	$0	$0
MICHELLE H PICOTTE
19 Railroad Pl ste 301 C/O STA	SARATOGA SPRINGS	NY	12866	TREASURER; <1hr/week	0	$0	$0	$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS	Description1Txt
Description2	EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).	Description2Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$3,994,299	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$2,204,610	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$278,137	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$6,477,046	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$6,477,046	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$97,156	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$6,379,890	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$318,995	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$318,995	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$10,202	TaxBasedOnInvestmentIncomeAmt
Total Tax	$10,202	TotalTaxAmt
Distributable Before Adj	$308,793	DistributableBeforeAdjAmt
Distributable Before Ded	$308,793	DistributableBeforeDedAmt
Distributable As Adjusted	$308,793	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$323,482	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$0	CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test	$0	SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test	$0	SetAsideCashDistriTestAmt
Qualifying Distributions	$323,482	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$308,793	DistributableAsAdjustedAmt
Undistributed Income PY	$297,895	UndistributedIncomePYAmt
Prior Year1	2023	PriorYear1Yr
Prior Year2	2022	PriorYear2Yr
Prior Year3	2021	PriorYear3Yr
Excess Distribution Cyov Yr4	$0	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$0	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$0	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$0	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$323,482	QualifyingDistributionsAmt
Applied To Year1	$297,895	AppliedToYear1Amt
Applied To Current Year	$25,587	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$0	TotalCorpusAmt
Undistributed Income CY	$283,206	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$0	ExcessDistriCyovToNextYrAmt
Excess From Year3	$0	ExcessFromYear3Amt
Excess From Year2	$0	ExcessFromYear2Amt
Excess From Year1	$0	ExcessFromYear1Amt
Excess From Current Year	$0	ExcessFromCurrentYearAmt

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	MICHAEL B PICOTTE	ContributingManagerNm
Shareholder Manager	NONE	ShareholderManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SEE ATTACHED LIST	BusinessNameLine1Txt

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	19 Railroad Place Suite 301	AddressLine1Txt
City	Saratoga Springs	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12866	ZIPCd

Field	Value	IRS element (for citing)
Recipient Relationship	NONE	RecipientRelationshipTxt
Recipient Foundation Status	PC	RecipientFoundationStatusCd
Grant Or Contribution Purpose	GENERAL CHARITABLE PURPOSES	GrantOrContributionPurposeTxt
Amt	$320,000	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$320,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Field	Value	IRS element (for citing)
Fees Contracts From Govt Ag		FeesContractsFromGovtAgGrp
Membership Dues And Assmnt		MembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$85,618	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$84,023	ExclusionAmt

Field	Value	IRS element (for citing)
Net Rntl Incm Re Debt Fincd Prop		NetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd Prop		NetRntlIncmReNotDebtFincdProp
Net Rental Income Personal Prop		NetRentalIncomePersonalPropGrp
Other Investment Income		OtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$571,440	ExclusionAmt

Field	Value	IRS element (for citing)
Net Income Loss From Special Evt		NetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of Invntry		GrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$741,081	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$741,081	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Desc	N/A	Desc

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

Field	Value	IRS element (for citing)
Bond	FIDUCIARY TRUST 1300	BondNm
EOY Book Value	$1,161,731	EOYBookValueAmt
EOYFMV	$1,146,021	EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	FIDUCIARY TRUST 1300	StockNm
EOY Book Value	$2,545,584	EOYBookValueAmt
EOYFMV	$3,046,729	EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

Field	Value	IRS element (for citing)
Category Or Item	SHERIDAN SQUARE OFFSHORE	CategoryOrItemTxt
Listed At Cost Or FMV	AT COST	ListedAtCostOrFMVCd
Book Value	$280,792	BookValueAmt
EOYFMV	$294,906	EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Field	Value	IRS element (for citing)
Desc	DIVIDEND RECEIVABLE	Desc
BOY Book Value	$8,221	BOYBookValueAmt
EOY Book Value	$10,556	EOYBookValueAmt
EOYFMV	$10,556	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

Field	Value	IRS element (for citing)
Desc	INVESTMENT MANAGMENT FEES	Desc
Revenue And Expenses Per Books	$3,023	RevenueAndExpensesPerBooksAmt
Net Investment Income	$3,023	NetInvestmentIncomeAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	From Brokerage Accounts	Desc

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	SHADE TREE ADVISORS	CategoryTxt
Amt	$6,285	Amt
Net Investment Income	$3,143	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$3,142	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt
FEDERAL TAXES	$10,000
STATE TAXES	$250
FOREIGN TAXES FROM INVESTMENT	$954	$954

MICHAEL & MARGARET PICOTTE FOUNDATION INC: Form 990PF, tax year 2025

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Recipient US Address RecipientUSAddress

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

Comments