Sealed proof · filed Form 990-PF
ALBERT ELLIS INSTITUTE
EIN 13-6275133, tax year January 1, 2024 to December 31, 2024. The return the foundation filed, as the IRS published it, with its arithmetic re-done exactly and sealed September 28, 2026.
This is the latest return the IRS has published for this foundation. Its tax year ended 21 months ago, so a later one may have been filed since and not yet appear in the public file. The IRS received it on November 17, 2025.
The answer
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.
Qualifying distributions1.55×
the distributable amount (Part XI ÷ Part X)
Carried to next year$0
undistributed income, Part XII: nothing carried into the next year
Distributions as a rate7.6%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$18.7M
end of the tax year, Part II
Largest listed stock6.6%
COHEN & STEERS REAL
If that stock halved−3.3%
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
ALBERT ELLIS INSTITUTE · Form 990-PF, year ended December 31, 2024checking
Recomputing the seal in your browser…
The foundation’s own public return, sealed through the same free action as yours. Your edits stay in this page: nothing is sent and nothing is saved. A sealed copy shows nothing changed; it does not show the original was correct.
This page’s own short link: paretoalphasystems.com/p/016cd4ec53b2 — 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) | $781,443 | $781,443.1 | recomputes, within the form's whole-dollar rounding (difference −$0.1) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $9,449 | $9,449.0949 | recomputes, within the form's whole-dollar rounding (difference −$0.0949) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $771,994 | $771,994 | recomputes exactly |
Where the assets sit, at fair market value
| Part II line | Fair market value | Share of assets |
|---|---|---|
| Cash (line 1) | $112,157 | 0.6% |
| Savings and temporary cash investments (line 2) | $1.2M | 6.1% |
| U.S. and state government obligations (line 10a) | $1.7M | 8.9% |
| Corporate stock (line 10b) | $11.9M | 63.5% |
| Corporate bonds (line 10c) | $704,237 | 3.8% |
| Other investments (line 13) | $842,749 | 4.5% |
The ten largest listed stocks, of 165 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 35.9 equal holdings; the ten largest are 40.3% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| COHEN & STEERS REAL | $1.2M | 6.6% |
| BLACKROCK ALLOCATION | $822,704 | 4.4% |
| COHEN & STEERS PREFERRED | $709,517 | 3.8% |
| ISHARES RS 2000 VALUE | $469,526 | 2.5% |
| COHEN AND STEERS TAX- | $421,045 | 2.2% |
| AMAZON COM | $277,967 | 1.5% |
| NVIDIA | $240,111 | 1.3% |
| R2000 STARS ISS CIBC | $218,000 | 1.2% |
| PIMCO DYNAMIC INCOME | $197,735 | 1.1% |
| BROADCOM INC | $193,123 | 1.0% |
Largest other investments (line 13), as listed
| KKR INFRASTRUCTURE | $222,717 | 1.2% |
| BLUE OWL CREDIT INCOME | $208,761 | 1.1% |
| BLACKSTONE PRIVATE | $207,201 | 1.1% |
| ARES STRATEGIC | $204,070 | 1.1% |
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.
Control statement · nine controls
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 $781,443; recomputed $781,443.1; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $9,449; recomputed $9,449.09; 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 $771,994; recomputed $771,994; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $1,193,973 against a distributable amount of $771,994 (1.55×). |
| Payout deadline | Part XII undistributed income and the date it falls due | reported | Part XII reports $0 undistributed income for the year ended 31 December 2024: nothing carried into the next year, so nothing from this year falls due by 31 December 2025. |
| Holdings tie-out | The corporate-stock schedule against Part II line 10b | agrees | 165 listed holdings sum to Part II line 10b exactly; the largest is 6.6% 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 17 November 2025; the original due date was 15 May 2025; the six-month extension window ended 15 November 2025 (a Saturday, so 17 November 2025 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.
The calendar ahead
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 |
|---|---|---|---|
| May 15, 2026 Passed | Excise tax on the year ending 31 December 2025, due with that return by 15 May 2026. That date has passed; the figure for that year is on its own return, not this one. | $9,449 | Projected under the assumptions below |
| December 31, 2026 | Distributable amount for the year ending 31 December 2025, to be paid out | $771,994 | Projected under the assumptions below |
If net noncharitable-use assets fell 20% over the year ending December 31, 2025: what is owed now, nothing from Part XII, is unchanged; the following year’s minimum investment return would be $625,154, $156,288 less than the projection.
The assumptions, the forward kernel proof, and what was refused
- Net noncharitable-use assets for the year ending 31 December 2025 equal this return's Part IX line 5, $15628862; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $679791.
- 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)
082ea2db14a3d7dc…· 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.
The years · carryover chain
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
proof
016cd4ec53b26bf2f6b83b3e8187d2f63621b9b0894202f5d5728c5bb886b4c5 · recomputed now, matchesreturn Form 990-PF, IRS object
202533219349105413, schema 2024v5.2 — the file as the IRS published it hashes to 43fce101c0fc9cfc…source file
202533219349105413_public.xml inside 2025_TEOS_XML_11B.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 016cd4ec53b2 --fetcharithmetic
kernel@2026-09-15.1 · kernel proof 6f6621f12fb741b4…rules
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 = 18735078 USD let mix_cash = share(112157 USD, total_assets_fmv) let mix_savings = share(1151851 USD, total_assets_fmv) let mix_government = share(1671598 USD, total_assets_fmv) let mix_stock = share(11891205 USD, total_assets_fmv) let mix_bonds = share(704237 USD, total_assets_fmv) let mix_other = share(842749 USD, total_assets_fmv) let net_noncharitable_assets = 15628862 USD let mir_filed = 781443 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 679791 USD let excise_filed = 9449 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 771994 USD let distributable_recomputed = 781443 USD - 9449 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 1193973 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 = [1236624 USD, 822704 USD, 709517 USD, 469526 USD, 421045 USD, 277967 USD, 240111 USD, 218000 USD, 197735 USD, 193123 USD, 188566 USD, 184617 USD, 165699 USD, 144430 USD, 143099 USD, 140948 USD, 138186 USD, 137091 USD, 124785 USD, 120627 USD, 120608 USD, 119348 USD, 115527 USD, 108855 USD, 108620 USD, 103343 USD, 102538 USD, 102018 USD, 96028 USD, 89536 USD, 88753 USD, 85808 USD, 85617 USD, 85540 USD, 84684 USD, 83587 USD, 81345 USD, 80798 USD, 77706 USD, 77655 USD, 77155 USD, 75270 USD, 75260 USD, 74799 USD, 72338 USD, 69949 USD, 69846 USD, 69794 USD, 67783 USD, 66307 USD, 62999 USD, 62491 USD, 61316 USD, 60848 USD, 60258 USD, 57045 USD, 57045 USD, 55948 USD, 55820 USD, 55279 USD, 55126 USD, 54027 USD, 52166 USD, 51313 USD, 50776 USD, 49912 USD, 48675 USD, 48486 USD, 48381 USD, 46757 USD, 46489 USD, 46454 USD, 44823 USD, 42788 USD, 41511 USD, 41275 USD, 40892 USD, 40544 USD, 40435 USD, 39345 USD, 38291 USD, 37583 USD, 37559 USD, 36545 USD, 36033 USD, 35528 USD, 35351 USD, 35078 USD, 34206 USD, 30551 USD, 29415 USD, 29336 USD, 28961 USD, 28941 USD, 28865 USD, 27547 USD, 27231 USD, 26035 USD, 25063 USD, 24783 USD, 24673 USD, 23385 USD, 22755 USD, 22021 USD, 20896 USD, 20619 USD, 20465 USD, 20322 USD, 20099 USD, 19867 USD, 19654 USD, 19301 USD, 19141 USD, 18356 USD, 18275 USD, 17973 USD, 17592 USD, 17578 USD, 16568 USD, 16527 USD, 16421 USD, 15752 USD, 15133 USD, 14543 USD, 14421 USD, 14270 USD, 13651 USD, 13365 USD, 13156 USD, 12973 USD, 12830 USD, 12748 USD, 12381 USD, 12141 USD, 11896 USD, 11792 USD, 11646 USD, 10738 USD, 10336 USD, 10276 USD, 10248 USD, 9789 USD, 9741 USD, 9688 USD, 9345 USD, 9095 USD, 9047 USD, 9038 USD, 8912 USD, 8610 USD, 8544 USD, 8489 USD, 7590 USD, 7535 USD, 7340 USD, 7036 USD, 6593 USD, 6461 USD, 6441 USD, 6433 USD, 6335 USD, 6282 USD, 6269 USD, 3783 USD, 3084 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([1236624 USD, 822704 USD, 709517 USD, 469526 USD, 421045 USD, 277967 USD, 240111 USD, 218000 USD, 197735 USD, 193123 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": "112157",
"line": "cash",
"label": "Cash (line 1)",
"share": "0.00598647093969931697108493490126"
},
{
"fmv": "1151851",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.061480982358333389377935869816"
},
{
"fmv": "1671598",
"line": "government",
"label": "U.S. and state government obligations (line 10a)",
"share": "0.0892229004864564748542813646145"
},
{
"fmv": "11891205",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.634702721814128556070062798778"
},
{
"fmv": "704237",
"line": "bonds",
"label": "Corporate bonds (line 10c)",
"share": "0.0375892216728427818661870529709"
},
{
"fmv": "842749",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.0449824121362078129591987820921"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "136275133",
"name": "ALBERT ELLIS INSTITUTE"
},
"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": "781443",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "-0.1",
"recomputed": "781443.1"
},
{
"id": "excise_tax",
"note": null,
"filed": "9449",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "-0.0949",
"recomputed": "9449.0949"
},
{
"id": "distributable_amount",
"note": null,
"filed": "771994",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "771994"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "679791",
"grossInvestmentIncome": "901520",
"netNoncharitableAssets": "15628862",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2024-12-31",
"days": 366,
"begin": "2024-01-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202533219349105413",
"returnTs": "2025-11-17T14:32:53-06:00",
"operating": false,
"sourceSha256": "43fce101c0fc9cfc0981f1972c1741288e6063b26fcb26f701e20e9caddc480a",
"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 = 18735078 USD\nlet mix_cash = share(112157 USD, total_assets_fmv)\nlet mix_savings = share(1151851 USD, total_assets_fmv)\nlet mix_government = share(1671598 USD, total_assets_fmv)\nlet mix_stock = share(11891205 USD, total_assets_fmv)\nlet mix_bonds = share(704237 USD, total_assets_fmv)\nlet mix_other = share(842749 USD, total_assets_fmv)\nlet net_noncharitable_assets = 15628862 USD\nlet mir_filed = 781443 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 679791 USD\nlet excise_filed = 9449 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 771994 USD\nlet distributable_recomputed = 781443 USD - 9449 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 1193973 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 = [1236624 USD, 822704 USD, 709517 USD, 469526 USD, 421045 USD, 277967 USD, 240111 USD, 218000 USD, 197735 USD, 193123 USD, 188566 USD, 184617 USD, 165699 USD, 144430 USD, 143099 USD, 140948 USD, 138186 USD, 137091 USD, 124785 USD, 120627 USD, 120608 USD, 119348 USD, 115527 USD, 108855 USD, 108620 USD, 103343 USD, 102538 USD, 102018 USD, 96028 USD, 89536 USD, 88753 USD, 85808 USD, 85617 USD, 85540 USD, 84684 USD, 83587 USD, 81345 USD, 80798 USD, 77706 USD, 77655 USD, 77155 USD, 75270 USD, 75260 USD, 74799 USD, 72338 USD, 69949 USD, 69846 USD, 69794 USD, 67783 USD, 66307 USD, 62999 USD, 62491 USD, 61316 USD, 60848 USD, 60258 USD, 57045 USD, 57045 USD, 55948 USD, 55820 USD, 55279 USD, 55126 USD, 54027 USD, 52166 USD, 51313 USD, 50776 USD, 49912 USD, 48675 USD, 48486 USD, 48381 USD, 46757 USD, 46489 USD, 46454 USD, 44823 USD, 42788 USD, 41511 USD, 41275 USD, 40892 USD, 40544 USD, 40435 USD, 39345 USD, 38291 USD, 37583 USD, 37559 USD, 36545 USD, 36033 USD, 35528 USD, 35351 USD, 35078 USD, 34206 USD, 30551 USD, 29415 USD, 29336 USD, 28961 USD, 28941 USD, 28865 USD, 27547 USD, 27231 USD, 26035 USD, 25063 USD, 24783 USD, 24673 USD, 23385 USD, 22755 USD, 22021 USD, 20896 USD, 20619 USD, 20465 USD, 20322 USD, 20099 USD, 19867 USD, 19654 USD, 19301 USD, 19141 USD, 18356 USD, 18275 USD, 17973 USD, 17592 USD, 17578 USD, 16568 USD, 16527 USD, 16421 USD, 15752 USD, 15133 USD, 14543 USD, 14421 USD, 14270 USD, 13651 USD, 13365 USD, 13156 USD, 12973 USD, 12830 USD, 12748 USD, 12381 USD, 12141 USD, 11896 USD, 11792 USD, 11646 USD, 10738 USD, 10336 USD, 10276 USD, 10248 USD, 9789 USD, 9741 USD, 9688 USD, 9345 USD, 9095 USD, 9047 USD, 9038 USD, 8912 USD, 8610 USD, 8544 USD, 8489 USD, 7590 USD, 7535 USD, 7340 USD, 7036 USD, 6593 USD, 6461 USD, 6441 USD, 6433 USD, 6335 USD, 6282 USD, 6269 USD, 3783 USD, 3084 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([1236624 USD, 822704 USD, 709517 USD, 469526 USD, 421045 USD, 277967 USD, 240111 USD, 218000 USD, 197735 USD, 193123 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": "0.00598647093969931697108493490126",
"mir_filed": "781443 USD",
"mix_bonds": "0.0375892216728427818661870529709",
"mix_other": "0.0449824121362078129591987820921",
"mix_stock": "0.634702721814128556070062798778",
"mix_savings": "0.061480982358333389377935869816",
"payout_rate": "0.0763953895043669846211451607929",
"stock_count": "165",
"excise_filed": "9449 USD",
"largest_stock": "1236624 USD",
"mir_difference": "-0.1 USD",
"mir_recomputed": "781443.1 USD",
"mix_government": "0.0892229004864564748542813646145",
"payout_coverage": "1.54660917053759485177345937922",
"total_assets_fmv": "18735078 USD",
"excise_difference": "-0.0949 USD",
"excise_recomputed": "9449.0949 USD",
"distributable_filed": "771994 USD",
"stock_concentration": "0.0278630506187994469132620811473",
"top10_share_of_stock": "0.402511940547656860679804948279",
"net_investment_income": "679791 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "771994 USD",
"effective_stock_holdings": "35.8898246168813671604448124584",
"net_noncharitable_assets": "15628862 USD",
"qualifying_distributions": "1193973 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0660058100638812392454410918385",
"largest_stock_halved_share_of_assets": "0.0330029050319406196227205459193"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "1236624",
"name": "COHEN & STEERS REAL",
"shareOfAssets": "0.0660058100638812392454410918385"
},
{
"fmv": "822704",
"name": "BLACKROCK ALLOCATION",
"shareOfAssets": "0.0439124939858803897160182626408"
},
{
"fmv": "709517",
"name": "COHEN & STEERS PREFERRED",
"shareOfAssets": "0.0378710459598833802560096093542"
},
{
"fmv": "469526",
"name": "ISHARES RS 2000 VALUE",
"shareOfAssets": "0.0250613314767090908295124258356"
},
{
"fmv": "421045",
"name": "COHEN AND STEERS TAX-",
"shareOfAssets": "0.0224736187380698388338708811354"
},
{
"fmv": "277967",
"name": "AMAZON COM",
"shareOfAssets": "0.0148367143173890175423876004146"
},
{
"fmv": "240111",
"name": "NVIDIA",
"shareOfAssets": "0.0128161195806070302989931507091"
},
{
"fmv": "218000",
"name": "R2000 STARS ISS CIBC",
"shareOfAssets": "0.0116359270028125850343403961275"
},
{
"fmv": "197735",
"name": "PIMCO DYNAMIC INCOME",
"shareOfAssets": "0.010554266173858470191583936827"
},
{
"fmv": "193123",
"name": "BROADCOM INC",
"shareOfAssets": "0.0103080969291934626586555978043"
}
],
"count": 165,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "6f6621f12fb741b4a9688f9f934140bd76825e3b66f9a730a57e72338b1a63a3",
"otherInvestments": [
{
"fmv": "222717",
"name": "KKR INFRASTRUCTURE",
"shareOfAssets": "0.0118877007077312408307027064419"
},
{
"fmv": "208761",
"name": "BLUE OWL CREDIT INCOME",
"shareOfAssets": "0.0111427878763034773594217221834"
},
{
"fmv": "207201",
"name": "BLACKSTONE PRIVATE",
"shareOfAssets": "0.0110595216096778460169741487065"
},
{
"fmv": "204070",
"name": "ARES STRATEGIC",
"shareOfAssets": "0.0108924019424952487521002047603"
}
]
}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.