HEINEMAN FOUNDATION FOR RESEARCH EDUCATIONAL
EIN 13-6082899, 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.
Listed in the IRS register as HEINEMAN FOUNDATION FOR RESRCH EDU CTNL CHARITABLE & SCI PURPOSES INC. 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. 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 October 13, 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
VALLEY FORGE LARGE CAP EQUITY
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/17b0df2282eb — 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) | $1,004,624 | $1,004,623.95 | recomputes, within the form's whole-dollar rounding (difference $0.05) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $59,307 | $59,306.6157 | recomputes, within the form's whole-dollar rounding (difference $0.3843) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $945,317 | $945,317 | recomputes exactly |
Where the assets sit, at fair market value
| Part II line | Fair market value | Share of assets |
|---|---|---|
| Savings and temporary cash investments (line 2) | $1.6M | 7.9% |
| Corporate stock (line 10b) | $8.4M | 41.9% |
| Corporate bonds (line 10c) | $2.8M | 13.8% |
| Other investments (line 13) | $7.3M | 36.4% |
The ten largest listed stocks, of 58 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 5.3 equal holdings; the ten largest are 73.7% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| VALLEY FORGE LARGE CAP EQUITY | $2.6M | 13.0% |
| ALTAROCK PARTNERS SERIES - BBH | $2.5M | 12.3% |
| ALPHABET INC CL C | $186,822 | 0.9% |
| MICROSOFT CORP | $147,525 | 0.7% |
| BERKSHIRE HATHAWAY INC-CL B | $146,863 | 0.7% |
| MASTERCARD INC | $140,068 | 0.7% |
| VISA INC- CL A | $127,364 | 0.6% |
| LINDE PLC | $123,508 | 0.6% |
| ORACLE CORP | $120,814 | 0.6% |
| ARTHUR J GALLAGHER | $106,444 | 0.5% |
Largest other investments (line 13), as listed
| BBH PARTNER FUND-INTERNATIONAL | $3M | 15.0% |
| GQG PARTNERS EMERGING MARKETS | $1.6M | 7.9% |
| BOWIE GLOBAL EQUITY SERIES - B | $1.3M | 6.3% |
| BBH WEALTH STRATEGIES LLC CLAR | $886,081 | 4.4% |
| BBH REAL ESTATE FUND III | $214,453 | 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.
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 $1,004,624; recomputed $1,004,623.95; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $59,307; recomputed $59,306.61; 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 $945,317; recomputed $945,317; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $1,069,515 against a distributable amount of $945,317 (1.13×). |
| 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 | 58 listed holdings sum to Part II line 10b exactly; the largest is 13.0% 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 13 October 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.
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. | $59,306 | Projected under the assumptions below |
| December 31, 2026 | Distributable amount for the year ending 31 December 2025, to be paid out | $945,317 | 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 $803,699, $200,924 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, $20092479; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $4266663.
- 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)
c222a2a7249f9ce2…· 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
17b0df2282eb4092d6afaf50309128b31761516f7d8af9f58ffda02811cdd50f · recomputed now, matches202512869349100626, schema 2024v5.2 — the file as the IRS published it hashes to 4398ace23ab035c3…202512869349100626_public.xml inside 2025_TEOS_XML_11A.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 17b0df2282eb --fetchkernel@2026-09-15.1 · kernel proof d4edc4097d71f418…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 = 20083688 USD let mix_savings = share(1579823 USD, total_assets_fmv) let mix_stock = share(8405102 USD, total_assets_fmv) let mix_bonds = share(2780277 USD, total_assets_fmv) let mix_other = share(7318486 USD, total_assets_fmv) let net_noncharitable_assets = 20092479 USD let mir_filed = 1004624 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 4266663 USD let excise_filed = 59307 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 945317 USD let distributable_recomputed = 1004624 USD - 59307 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 1069515 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 = [2617041 USD, 2477649 USD, 186822 USD, 147525 USD, 146863 USD, 140068 USD, 127364 USD, 123508 USD, 120814 USD, 106444 USD, 101449 USD, 96532 USD, 95850 USD, 91627 USD, 89854 USD, 87437 USD, 84463 USD, 73319 USD, 71792 USD, 68230 USD, 67866 USD, 56980 USD, 55585 USD, 54940 USD, 51654 USD, 50642 USD, 46767 USD, 45952 USD, 45297 USD, 43276 USD, 40525 USD, 38703 USD, 38528 USD, 38105 USD, 37940 USD, 37927 USD, 37911 USD, 37463 USD, 36751 USD, 35819 USD, 35370 USD, 34800 USD, 32526 USD, 32368 USD, 31457 USD, 29479 USD, 29401 USD, 28523 USD, 27783 USD, 24537 USD, 23611 USD, 21169 USD, 19625 USD, 19234 USD, 16378 USD, 15309 USD, 15227 USD, 15023 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([2617041 USD, 2477649 USD, 186822 USD, 147525 USD, 146863 USD, 140068 USD, 127364 USD, 123508 USD, 120814 USD, 106444 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": "1579823",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.0786619967408376389834377032744"
},
{
"fmv": "8405102",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.418503912229666184816254863151"
},
{
"fmv": "2780277",
"line": "bonds",
"label": "Corporate bonds (line 10c)",
"share": "0.138434584325349009604212134743"
},
{
"fmv": "7318486",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.364399506704147166596095298832"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "136082899",
"name": "HEINEMAN FOUNDATION FOR RESEARCH EDUCATIONAL"
},
"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": "1004624",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "0.05",
"recomputed": "1004623.95"
},
{
"id": "excise_tax",
"note": null,
"filed": "59307",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "0.3843",
"recomputed": "59306.6157"
},
{
"id": "distributable_amount",
"note": null,
"filed": "945317",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "945317"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "4266663",
"grossInvestmentIncome": "4404979",
"netNoncharitableAssets": "20092479",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2024-12-31",
"days": 366,
"begin": "2024-01-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202512869349100626",
"returnTs": "2025-10-13T17:01:25-05:00",
"operating": false,
"sourceSha256": "4398ace23ab035c324cb4343a83d6a7122122c43e45246590ab3c22e3edff97a",
"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 = 20083688 USD\nlet mix_savings = share(1579823 USD, total_assets_fmv)\nlet mix_stock = share(8405102 USD, total_assets_fmv)\nlet mix_bonds = share(2780277 USD, total_assets_fmv)\nlet mix_other = share(7318486 USD, total_assets_fmv)\nlet net_noncharitable_assets = 20092479 USD\nlet mir_filed = 1004624 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 4266663 USD\nlet excise_filed = 59307 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 945317 USD\nlet distributable_recomputed = 1004624 USD - 59307 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 1069515 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 = [2617041 USD, 2477649 USD, 186822 USD, 147525 USD, 146863 USD, 140068 USD, 127364 USD, 123508 USD, 120814 USD, 106444 USD, 101449 USD, 96532 USD, 95850 USD, 91627 USD, 89854 USD, 87437 USD, 84463 USD, 73319 USD, 71792 USD, 68230 USD, 67866 USD, 56980 USD, 55585 USD, 54940 USD, 51654 USD, 50642 USD, 46767 USD, 45952 USD, 45297 USD, 43276 USD, 40525 USD, 38703 USD, 38528 USD, 38105 USD, 37940 USD, 37927 USD, 37911 USD, 37463 USD, 36751 USD, 35819 USD, 35370 USD, 34800 USD, 32526 USD, 32368 USD, 31457 USD, 29479 USD, 29401 USD, 28523 USD, 27783 USD, 24537 USD, 23611 USD, 21169 USD, 19625 USD, 19234 USD, 16378 USD, 15309 USD, 15227 USD, 15023 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([2617041 USD, 2477649 USD, 186822 USD, 147525 USD, 146863 USD, 140068 USD, 127364 USD, 123508 USD, 120814 USD, 106444 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": {
"mir_filed": "1004624 USD",
"mix_bonds": "0.138434584325349009604212134743",
"mix_other": "0.364399506704147166596095298832",
"mix_stock": "0.418503912229666184816254863151",
"mix_savings": "0.0786619967408376389834377032744",
"payout_rate": "0.0532296189036703733770233130516",
"stock_count": "58",
"excise_filed": "59307 USD",
"largest_stock": "2617041 USD",
"mir_difference": "0.05 USD",
"mir_recomputed": "1004623.95 USD",
"payout_coverage": "1.13138238284088829461439919096",
"total_assets_fmv": "20083688 USD",
"excise_difference": "0.3843 USD",
"excise_recomputed": "59306.6157 USD",
"distributable_filed": "945317 USD",
"stock_concentration": "0.187869502387147712010380891589",
"top10_share_of_stock": "0.736945012683962669340598127185",
"net_investment_income": "4266663 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "945317 USD",
"effective_stock_holdings": "5.32284371488499093585418431829",
"net_noncharitable_assets": "20092479 USD",
"qualifying_distributions": "1069515 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.13030679425013971537498491313",
"largest_stock_halved_share_of_assets": "0.0651533971250698576874924565648"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "2617041",
"name": "VALLEY FORGE LARGE CAP EQUITY",
"shareOfAssets": "0.13030679425013971537498491313"
},
{
"fmv": "2477649",
"name": "ALTAROCK PARTNERS SERIES - BBH",
"shareOfAssets": "0.123366236320739497646049868928"
},
{
"fmv": "186822",
"name": "ALPHABET INC CL C",
"shareOfAssets": "0.00930217597485083416950113943216"
},
{
"fmv": "147525",
"name": "MICROSOFT CORP",
"shareOfAssets": "0.00734551343358849231276646002467"
},
{
"fmv": "146863",
"name": "BERKSHIRE HATHAWAY INC-CL B",
"shareOfAssets": "0.00731255136008884424016146835183"
},
{
"fmv": "140068",
"name": "MASTERCARD INC",
"shareOfAssets": "0.00697421708602523600247125926274"
},
{
"fmv": "127364",
"name": "VISA INC- CL A",
"shareOfAssets": "0.00634166394140359081459540697904"
},
{
"fmv": "123508",
"name": "LINDE PLC",
"shareOfAssets": "0.0061496673320159126152527364496"
},
{
"fmv": "120814",
"name": "ORACLE CORP",
"shareOfAssets": "0.00601552862203396109320160719485"
},
{
"fmv": "106444",
"name": "ARTHUR J GALLAGHER",
"shareOfAssets": "0.0053000225854932619945101716378"
}
],
"count": 58,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "d4edc4097d71f4181daefdb6c3ebb967e18297b5a8728b24a84320d84ff558ee",
"otherInvestments": [
{
"fmv": "3019278",
"name": "BBH PARTNER FUND-INTERNATIONAL",
"shareOfAssets": "0.150334838900106394801592217525"
},
{
"fmv": "1594666",
"name": "GQG PARTNERS EMERGING MARKETS",
"shareOfAssets": "0.0794010542286854884421626147548"
},
{
"fmv": "1265884",
"name": "BOWIE GLOBAL EQUITY SERIES - B",
"shareOfAssets": "0.0630304553625808168300563123665"
},
{
"fmv": "886081",
"name": "BBH WEALTH STRATEGIES LLC CLAR",
"shareOfAssets": "0.0441194366293680722385251155067"
},
{
"fmv": "214453",
"name": "BBH REAL ESTATE FUND III",
"shareOfAssets": "0.0106779691060725500216892435294"
}
]
}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.