Sealed proof · filed Form 990-PF
Nora Eccles Treadwell Charitable Trust
EIN 94-2566167, 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 NORA ECCLES TREADWELL CHARITABLE TR. 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 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 distributions0.90×
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 rate4.5%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$102.2M
end of the tax year, Part II
Largest listed stock3.4%
ARTISAN INTL VALUE FUND INSTL
If that stock halved−1.7%
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
Nora Eccles Treadwell Charitable Trust · 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/2772053ff59d — 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) | $4,800,211 | $4,800,210.65 | recomputes, within the form's whole-dollar rounding (difference $0.35) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $46,556 | $46,555.8538 | recomputes, within the form's whole-dollar rounding (difference $0.1462) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $4,750,710 | $4,750,710 | 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) | $1.2M | 1.2% |
| U.S. and state government obligations (line 10a) | $5.7M | 5.6% |
| Corporate stock (line 10b) | $26.5M | 26.0% |
| Other investments (line 13) | $68.7M | 67.2% |
The ten largest listed stocks, of 193 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 14.8 equal holdings; the ten largest are 66.2% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| ARTISAN INTL VALUE FUND INSTL | $3.5M | 3.4% |
| BLACKROCK STRATEGIC INCOME OPPRTSI INSTL | $3.2M | 3.1% |
| GOLDMAN SACHS GQG PARTNERS INTL OPP I | $3.1M | 3.1% |
| PIMCO MORTGAGE OPPOR AND BOND FUND INST | $2.5M | 2.4% |
| CLIFFWATER CORPORATE LENDING FUND I | $2.3M | 2.2% |
| GQG PARTNERS EMERG MARKETS EQ INSTL | $1.3M | 1.3% |
| UNDISCOVERED MGRS BEHAVIOR VALUE CL L | $578,217 | 0.6% |
| AMAZON.COM INC | $394,244 | 0.4% |
| VISA INC | $393,165 | 0.4% |
| ALPHABET INC CAP STK CL A | $323,349 | 0.3% |
Largest other investments (line 13), as listed
| Cynosure Investment Partners LLC | $27.8M | 27.2% |
| Cynosure Partners 2020, LP | $10.9M | 10.7% |
| Cynosure Private Credit Fund, LP | $5.9M | 5.7% |
| Cynosure Fernweh, LLC | $5.8M | 5.6% |
| Cynosure Partners 2020 Co-Inv LLC | $5.4M | 5.3% |
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 $4,800,211; recomputed $4,800,210.65; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $46,556; recomputed $46,555.85; 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 $4,750,710; recomputed $4,750,710; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $4,286,627 against a distributable amount of $4,750,710 (0.90×). |
| 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 | 193 listed holdings sum to Part II line 10b exactly; the largest is 3.4% 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. | $46,555 | Projected under the assumptions below |
| December 31, 2026 | Distributable amount for the year ending 31 December 2025, to be paid out | $4,753,654 | 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 $3,840,168, $960,042 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, $96004213; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $3349342.
- 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)
a0e9f1960a0cabb1…· 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
2772053ff59dd46eae93aad62774c9fc5fa735dadd889c0e00f8eb0e57cb4535 · recomputed now, matchesreturn Form 990-PF, IRS object
202503219349106210, schema 2024v5.2 — the file as the IRS published it hashes to 65f23804ffe1959e…source file
202503219349106210_public.xml inside 2025_TEOS_XML_11A.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 2772053ff59d --fetcharithmetic
kernel@2026-09-15.1 · kernel proof 3d71722cae575c6f…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 = 102217911 USD let mix_savings = share(1238992 USD, total_assets_fmv) let mix_government = share(5730409 USD, total_assets_fmv) let mix_stock = share(26549510 USD, total_assets_fmv) let mix_other = share(68699000 USD, total_assets_fmv) let net_noncharitable_assets = 96004213 USD let mir_filed = 4800211 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 3349342 USD let excise_filed = 46556 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 4750710 USD let distributable_recomputed = 4800211 USD - 49501 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 4286627 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 = [3466205 USD, 3209253 USD, 3146644 USD, 2491606 USD, 2281333 USD, 1282414 USD, 578217 USD, 394244 USD, 393165 USD, 323349 USD, 313034 USD, 301617 USD, 294240 USD, 289229 USD, 287104 USD, 271177 USD, 254940 USD, 239412 USD, 238198 USD, 237065 USD, 225768 USD, 222960 USD, 221141 USD, 218447 USD, 207042 USD, 203390 USD, 203377 USD, 200302 USD, 192470 USD, 189929 USD, 171264 USD, 163843 USD, 163141 USD, 161130 USD, 157958 USD, 154072 USD, 153939 USD, 150502 USD, 147959 USD, 146680 USD, 145975 USD, 134605 USD, 132716 USD, 123177 USD, 122254 USD, 119619 USD, 117671 USD, 117396 USD, 113153 USD, 112584 USD, 111602 USD, 108352 USD, 98816 USD, 98426 USD, 92633 USD, 87787 USD, 56162 USD, 45677 USD, 45102 USD, 42546 USD, 10669 USD, 9629 USD, 9220 USD, 8616 USD, 8598 USD, 8376 USD, 8059 USD, 7915 USD, 7757 USD, 7290 USD, 7067 USD, 6984 USD, 6924 USD, 6923 USD, 6820 USD, 6755 USD, 6723 USD, 6717 USD, 6710 USD, 6621 USD, 6585 USD, 6459 USD, 6444 USD, 6351 USD, 6318 USD, 6040 USD, 5963 USD, 5918 USD, 5905 USD, 5868 USD, 5835 USD, 5814 USD, 5664 USD, 5648 USD, 5573 USD, 5528 USD, 5515 USD, 5512 USD, 5471 USD, 5468 USD, 5445 USD, 5421 USD, 5385 USD, 5307 USD, 5293 USD, 5271 USD, 5246 USD, 5233 USD, 5178 USD, 5157 USD, 5133 USD, 5018 USD, 4956 USD, 4945 USD, 4857 USD, 4812 USD, 4727 USD, 4673 USD, 4581 USD, 4562 USD, 4535 USD, 4496 USD, 4403 USD, 4280 USD, 4236 USD, 4220 USD, 4112 USD, 4066 USD, 3996 USD, 3907 USD, 3862 USD, 3833 USD, 3787 USD, 3755 USD, 3739 USD, 3731 USD, 3704 USD, 3645 USD, 3593 USD, 3517 USD, 3489 USD, 3448 USD, 3390 USD, 3341 USD, 3318 USD, 3298 USD, 3192 USD, 3155 USD, 3143 USD, 3135 USD, 3056 USD, 3037 USD, 3028 USD, 3018 USD, 3014 USD, 2973 USD, 2930 USD, 2873 USD, 2773 USD, 2685 USD, 2481 USD, 2422 USD, 2415 USD, 2362 USD, 2352 USD, 2314 USD, 2252 USD, 2241 USD, 2194 USD, 2194 USD, 2173 USD, 2134 USD, 2131 USD, 2090 USD, 1949 USD, 1882 USD, 1868 USD, 1800 USD, 1770 USD, 1701 USD, 1688 USD, 1656 USD, 1625 USD, 1619 USD, 1512 USD, 1438 USD, 1370 USD, 1368 USD, 1162 USD, 1157 USD, 1130 USD, 1059 USD, 823 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([3466205 USD, 3209253 USD, 3146644 USD, 2491606 USD, 2281333 USD, 1282414 USD, 578217 USD, 394244 USD, 393165 USD, 323349 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": "1238992",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.0121210851198084061804002235968"
},
{
"fmv": "5730409",
"line": "government",
"label": "U.S. and state government obligations (line 10a)",
"share": "0.0560607132736257934287074209529"
},
{
"fmv": "26549510",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.25973442169053914631458277405"
},
{
"fmv": "68699000",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.6720837799160266540763095814"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "942566167",
"name": "Nora Eccles Treadwell Charitable Trust"
},
"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": "4800211",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "0.35",
"recomputed": "4800210.65"
},
{
"id": "excise_tax",
"note": null,
"filed": "46556",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "0.1462",
"recomputed": "46555.8538"
},
{
"id": "distributable_amount",
"note": null,
"filed": "4750710",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "4750710"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "3349342",
"grossInvestmentIncome": "5394691",
"netNoncharitableAssets": "96004213",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2024-12-31",
"days": 366,
"begin": "2024-01-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202503219349106210",
"returnTs": "2025-11-17T15:11:01-06:00",
"operating": false,
"sourceSha256": "65f23804ffe1959e6bfe079c36321d9dd2dcd6ea03556948da888f78008674a1",
"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 = 102217911 USD\nlet mix_savings = share(1238992 USD, total_assets_fmv)\nlet mix_government = share(5730409 USD, total_assets_fmv)\nlet mix_stock = share(26549510 USD, total_assets_fmv)\nlet mix_other = share(68699000 USD, total_assets_fmv)\nlet net_noncharitable_assets = 96004213 USD\nlet mir_filed = 4800211 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 3349342 USD\nlet excise_filed = 46556 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 4750710 USD\nlet distributable_recomputed = 4800211 USD - 49501 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 4286627 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 = [3466205 USD, 3209253 USD, 3146644 USD, 2491606 USD, 2281333 USD, 1282414 USD, 578217 USD, 394244 USD, 393165 USD, 323349 USD, 313034 USD, 301617 USD, 294240 USD, 289229 USD, 287104 USD, 271177 USD, 254940 USD, 239412 USD, 238198 USD, 237065 USD, 225768 USD, 222960 USD, 221141 USD, 218447 USD, 207042 USD, 203390 USD, 203377 USD, 200302 USD, 192470 USD, 189929 USD, 171264 USD, 163843 USD, 163141 USD, 161130 USD, 157958 USD, 154072 USD, 153939 USD, 150502 USD, 147959 USD, 146680 USD, 145975 USD, 134605 USD, 132716 USD, 123177 USD, 122254 USD, 119619 USD, 117671 USD, 117396 USD, 113153 USD, 112584 USD, 111602 USD, 108352 USD, 98816 USD, 98426 USD, 92633 USD, 87787 USD, 56162 USD, 45677 USD, 45102 USD, 42546 USD, 10669 USD, 9629 USD, 9220 USD, 8616 USD, 8598 USD, 8376 USD, 8059 USD, 7915 USD, 7757 USD, 7290 USD, 7067 USD, 6984 USD, 6924 USD, 6923 USD, 6820 USD, 6755 USD, 6723 USD, 6717 USD, 6710 USD, 6621 USD, 6585 USD, 6459 USD, 6444 USD, 6351 USD, 6318 USD, 6040 USD, 5963 USD, 5918 USD, 5905 USD, 5868 USD, 5835 USD, 5814 USD, 5664 USD, 5648 USD, 5573 USD, 5528 USD, 5515 USD, 5512 USD, 5471 USD, 5468 USD, 5445 USD, 5421 USD, 5385 USD, 5307 USD, 5293 USD, 5271 USD, 5246 USD, 5233 USD, 5178 USD, 5157 USD, 5133 USD, 5018 USD, 4956 USD, 4945 USD, 4857 USD, 4812 USD, 4727 USD, 4673 USD, 4581 USD, 4562 USD, 4535 USD, 4496 USD, 4403 USD, 4280 USD, 4236 USD, 4220 USD, 4112 USD, 4066 USD, 3996 USD, 3907 USD, 3862 USD, 3833 USD, 3787 USD, 3755 USD, 3739 USD, 3731 USD, 3704 USD, 3645 USD, 3593 USD, 3517 USD, 3489 USD, 3448 USD, 3390 USD, 3341 USD, 3318 USD, 3298 USD, 3192 USD, 3155 USD, 3143 USD, 3135 USD, 3056 USD, 3037 USD, 3028 USD, 3018 USD, 3014 USD, 2973 USD, 2930 USD, 2873 USD, 2773 USD, 2685 USD, 2481 USD, 2422 USD, 2415 USD, 2362 USD, 2352 USD, 2314 USD, 2252 USD, 2241 USD, 2194 USD, 2194 USD, 2173 USD, 2134 USD, 2131 USD, 2090 USD, 1949 USD, 1882 USD, 1868 USD, 1800 USD, 1770 USD, 1701 USD, 1688 USD, 1656 USD, 1625 USD, 1619 USD, 1512 USD, 1438 USD, 1370 USD, 1368 USD, 1162 USD, 1157 USD, 1130 USD, 1059 USD, 823 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([3466205 USD, 3209253 USD, 3146644 USD, 2491606 USD, 2281333 USD, 1282414 USD, 578217 USD, 394244 USD, 393165 USD, 323349 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": "4800211 USD",
"mix_other": "0.6720837799160266540763095814",
"mix_stock": "0.25973442169053914631458277405",
"mix_savings": "0.0121210851198084061804002235968",
"payout_rate": "0.0446504050817019873909075219439",
"stock_count": "193",
"excise_filed": "46556 USD",
"largest_stock": "3466205 USD",
"mir_difference": "0.35 USD",
"mir_recomputed": "4800210.65 USD",
"mix_government": "0.0560607132736257934287074209529",
"payout_coverage": "0.90231291743760406339262973324",
"total_assets_fmv": "102217911 USD",
"excise_difference": "0.1462 USD",
"excise_recomputed": "46555.8538 USD",
"distributable_filed": "4750710 USD",
"stock_concentration": "0.0676454857412504856627862980044",
"top10_share_of_stock": "0.661647992750148684476662657804",
"net_investment_income": "3349342 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "4750710 USD",
"effective_stock_holdings": "14.7829524622689793385801953934",
"net_noncharitable_assets": "96004213 USD",
"qualifying_distributions": "4286627 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0339099573263632828497150562977",
"largest_stock_halved_share_of_assets": "0.0169549786631816414248575281489"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "3466205",
"name": "ARTISAN INTL VALUE FUND INSTL",
"shareOfAssets": "0.0339099573263632828497150562977"
},
{
"fmv": "3209253",
"name": "BLACKROCK STRATEGIC INCOME OPPRTSI INSTL",
"shareOfAssets": "0.0313961904386795773981332880106"
},
{
"fmv": "3146644",
"name": "GOLDMAN SACHS GQG PARTNERS INTL OPP I",
"shareOfAssets": "0.0307836852584475141543442420771"
},
{
"fmv": "2491606",
"name": "PIMCO MORTGAGE OPPOR AND BOND FUND INST",
"shareOfAssets": "0.0243754345556915167245004645027"
},
{
"fmv": "2281333",
"name": "CLIFFWATER CORPORATE LENDING FUND I",
"shareOfAssets": "0.0223183293190172904237888406857"
},
{
"fmv": "1282414",
"name": "GQG PARTNERS EMERG MARKETS EQ INSTL",
"shareOfAssets": "0.0125458834704614536683302009567"
},
{
"fmv": "578217",
"name": "UNDISCOVERED MGRS BEHAVIOR VALUE CL L",
"shareOfAssets": "0.00565670922388543041150586612947"
},
{
"fmv": "394244",
"name": "AMAZON.COM INC",
"shareOfAssets": "0.00385689744725853378083611980683"
},
{
"fmv": "393165",
"name": "VISA INC",
"shareOfAssets": "0.00384634156728168706167356521305"
},
{
"fmv": "323349",
"name": "ALPHABET INC CAP STK CL A",
"shareOfAssets": "0.00316333015257961982807494471297"
}
],
"count": 193,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "3d71722cae575c6f9b0ea44a7e6767fc60f4a9904703291c73143eded0e244d0",
"otherInvestments": [
{
"fmv": "27799000",
"name": "Cynosure Investment Partners LLC",
"shareOfAssets": "0.271958208967898003707001994983"
},
{
"fmv": "10926000",
"name": "Cynosure Partners 2020, LP",
"shareOfAssets": "0.106889290664529428702568574308"
},
{
"fmv": "5872000",
"name": "Cynosure Private Credit Fund, LP",
"shareOfAssets": "0.0574459010417460008549773630181"
},
{
"fmv": "5752000",
"name": "Cynosure Fernweh, LLC",
"shareOfAssets": "0.0562719384863969681399573896594"
},
{
"fmv": "5443000",
"name": "Cynosure Partners 2020 Co-Inv LLC",
"shareOfAssets": "0.0532489849063732088987809582608"
}
]
}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.