Sealed proof · filed Form 990-PF
GAR FOUNDATION
EIN 34-6577710, 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 distributions1.05×
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 rate5.1%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$187.7M
end of the tax year, Part II
Largest listed stock1.5%
037833100 APPLE INC
If that stock halved−0.8%
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
GAR FOUNDATION · 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/2d5590bb1c1f — 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) | $9,302,779 | $9,302,779.2 | recomputes, within the form's whole-dollar rounding (difference −$0.2) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $246,703 | $246,702.6905 | recomputes, within the form's whole-dollar rounding (difference $0.3095) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $9,059,626 | $9,059,626 | 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) | $8.4M | 4.5% |
| U.S. and state government obligations (line 10a) | $12.3M | 6.6% |
| Corporate stock (line 10b) | $78.5M | 41.8% |
| Corporate bonds (line 10c) | $8.5M | 4.5% |
| Other investments (line 13) | $44.5M | 23.7% |
The ten largest listed stocks, of 372 on the schedule
The schedule ties to Part II line 10b within whole-dollar rounding. It behaves like 147.2 equal holdings; the ten largest are 18.1% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| 037833100 APPLE INC | $2.8M | 1.5% |
| 67066G104 NVIDIA CORP | $1.7M | 0.9% |
| 594918104 MICROSOFT CORP | $1.6M | 0.9% |
| 02079K107 ALPHABET INC/CA-CL C | $1.5M | 0.8% |
| 874039100 TAIWAN SEMICONDUCTOR | $1.4M | 0.7% |
| 023135106 AMAZON COM INC | $1.3M | 0.7% |
| 084670702 BERKSHIRE HATHAWAY I | $1M | 0.5% |
| 743315103 PROGRESSIVE CORP OHI | $995,100 | 0.5% |
| 30303M102 META PLATFORMS INC | $935,059 | 0.5% |
| 92826C839 VISA INC CLASS A SHA | $881,752 | 0.5% |
Largest other investments (line 13), as listed
| 09260B382 BLACKROCK STRATEGIC | $8M | 4.3% |
| 74676P839 PUTNAM MULTI-CAP COR | $6.6M | 3.5% |
| 349903138 MAI MANAGED VOLATILI | $6M | 3.2% |
| 128119880 CALAMOS MARKET NEUTR | $5.7M | 3.0% |
| 25264S833 DIAMOND HILL LONG-SH | $5.3M | 2.8% |
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 $9,302,779; recomputed $9,302,779.2; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $246,703; recomputed $246,702.69; 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 $9,059,626; recomputed $9,059,626; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $9,478,431 against a distributable amount of $9,059,626 (1.05×). |
| 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 | 372 listed holdings sum to Part II line 10b within rounding; the largest is 1.5% 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. | $246,702 | Projected under the assumptions below |
| December 31, 2026 | Distributable amount for the year ending 31 December 2025, to be paid out | $9,056,076 | 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 $7,442,223, $1,860,555 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, $186055584; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $17748395.
- 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)
4f0ea5bd070cbbd0…· 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
2d5590bb1c1f8d5094680bdafce31c95b805d01899315b99e6736073c30efa62 · recomputed now, matchesreturn Form 990-PF, IRS object
202523219349107022, schema 2024v5.2 — the file as the IRS published it hashes to 84472c568c77a566…source file
202523219349107022_public.xml inside 2025_TEOS_XML_11C.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 2d5590bb1c1f --fetcharithmetic
kernel@2026-09-15.1 · kernel proof 0a3c011ef358a1a1…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 = 187738597 USD let mix_savings = share(8417741 USD, total_assets_fmv) let mix_government = share(12302925 USD, total_assets_fmv) let mix_stock = share(78488442 USD, total_assets_fmv) let mix_bonds = share(8479389 USD, total_assets_fmv) let mix_other = share(44529339 USD, total_assets_fmv) let net_noncharitable_assets = 186055584 USD let mir_filed = 9302779 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 17748395 USD let excise_filed = 246703 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 9059626 USD let distributable_recomputed = 9302779 USD - 246703 USD + 3550 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 9478431 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 = [2836758 USD, 1708169 USD, 1631205 USD, 1502572 USD, 1388750 USD, 1309978 USD, 1003109 USD, 995100 USD, 935059 USD, 881752 USD, 793435 USD, 711852 USD, 696168 USD, 693406 USD, 691455 USD, 684857 USD, 663211 USD, 642485 USD, 591913 USD, 539601 USD, 536478 USD, 530030 USD, 525840 USD, 522528 USD, 515696 USD, 507931 USD, 506947 USD, 494702 USD, 491928 USD, 483791 USD, 476809 USD, 471588 USD, 466445 USD, 465998 USD, 457553 USD, 449355 USD, 447964 USD, 444871 USD, 417570 USD, 413330 USD, 407531 USD, 407322 USD, 396578 USD, 392923 USD, 385729 USD, 384018 USD, 362757 USD, 356580 USD, 352975 USD, 347912 USD, 347395 USD, 340054 USD, 327908 USD, 324784 USD, 321352 USD, 319161 USD, 318788 USD, 313472 USD, 312924 USD, 307355 USD, 305869 USD, 305252 USD, 302771 USD, 301084 USD, 300426 USD, 300228 USD, 295173 USD, 295035 USD, 294136 USD, 293196 USD, 290002 USD, 282486 USD, 279406 USD, 267026 USD, 264141 USD, 262456 USD, 260348 USD, 256275 USD, 256176 USD, 256004 USD, 254097 USD, 253338 USD, 253143 USD, 249101 USD, 248937 USD, 248589 USD, 247312 USD, 246993 USD, 245357 USD, 242117 USD, 237237 USD, 236618 USD, 234080 USD, 232432 USD, 232195 USD, 230946 USD, 227902 USD, 227225 USD, 226769 USD, 226477 USD, 226334 USD, 224962 USD, 221474 USD, 220644 USD, 218492 USD, 218334 USD, 217310 USD, 217297 USD, 216264 USD, 215358 USD, 212922 USD, 212370 USD, 206628 USD, 206448 USD, 206119 USD, 204653 USD, 204550 USD, 203910 USD, 203768 USD, 203727 USD, 201500 USD, 199859 USD, 197319 USD, 196371 USD, 195616 USD, 195506 USD, 194728 USD, 192545 USD, 192174 USD, 188637 USD, 188429 USD, 187658 USD, 187425 USD, 185640 USD, 185145 USD, 184725 USD, 183154 USD, 182858 USD, 182488 USD, 181004 USD, 178001 USD, 175297 USD, 174649 USD, 174490 USD, 172872 USD, 172169 USD, 171485 USD, 170422 USD, 170320 USD, 169495 USD, 168004 USD, 166550 USD, 165510 USD, 164125 USD, 163647 USD, 162886 USD, 162875 USD, 162852 USD, 161808 USD, 161613 USD, 157403 USD, 156995 USD, 156974 USD, 155752 USD, 155161 USD, 153916 USD, 153180 USD, 152680 USD, 152165 USD, 151300 USD, 150336 USD, 149379 USD, 149143 USD, 148379 USD, 147605 USD, 146902 USD, 145666 USD, 145574 USD, 144466 USD, 143319 USD, 140927 USD, 139662 USD, 139102 USD, 138863 USD, 138818 USD, 138090 USD, 138083 USD, 138012 USD, 137383 USD, 137060 USD, 135915 USD, 135125 USD, 134978 USD, 133966 USD, 133697 USD, 132903 USD, 130946 USD, 129033 USD, 128414 USD, 128151 USD, 128119 USD, 127648 USD, 127218 USD, 127095 USD, 126896 USD, 126126 USD, 125244 USD, 124878 USD, 124661 USD, 124394 USD, 123671 USD, 122962 USD, 122511 USD, 122507 USD, 122130 USD, 121030 USD, 120006 USD, 119475 USD, 116900 USD, 116873 USD, 116210 USD, 115319 USD, 115206 USD, 114556 USD, 114328 USD, 113928 USD, 112840 USD, 112720 USD, 111600 USD, 110414 USD, 109576 USD, 108578 USD, 108361 USD, 108264 USD, 106191 USD, 105370 USD, 105260 USD, 104036 USD, 103259 USD, 103232 USD, 103102 USD, 103008 USD, 102507 USD, 102028 USD, 100842 USD, 100188 USD, 100020 USD, 99354 USD, 98532 USD, 98040 USD, 97216 USD, 97092 USD, 96753 USD, 96658 USD, 96628 USD, 96558 USD, 96501 USD, 96120 USD, 96035 USD, 95854 USD, 94730 USD, 94686 USD, 94650 USD, 94428 USD, 94333 USD, 93951 USD, 92982 USD, 91652 USD, 91418 USD, 91059 USD, 90408 USD, 90300 USD, 87807 USD, 86464 USD, 85230 USD, 84804 USD, 83597 USD, 83340 USD, 82961 USD, 82565 USD, 82512 USD, 82500 USD, 80094 USD, 79257 USD, 78663 USD, 78617 USD, 77421 USD, 76840 USD, 75978 USD, 75275 USD, 74542 USD, 74210 USD, 73790 USD, 73480 USD, 73100 USD, 72150 USD, 72056 USD, 72021 USD, 71313 USD, 70537 USD, 70444 USD, 70270 USD, 69616 USD, 69468 USD, 69354 USD, 68564 USD, 68500 USD, 67824 USD, 65435 USD, 65148 USD, 64440 USD, 63504 USD, 63382 USD, 63318 USD, 63168 USD, 62652 USD, 62496 USD, 62444 USD, 61915 USD, 61488 USD, 60904 USD, 60262 USD, 58628 USD, 58334 USD, 58208 USD, 58064 USD, 56438 USD, 56364 USD, 55928 USD, 53780 USD, 53533 USD, 52778 USD, 51728 USD, 51014 USD, 50870 USD, 49924 USD, 49203 USD, 48901 USD, 48682 USD, 45968 USD, 45820 USD, 45293 USD, 44174 USD, 43222 USD, 42799 USD, 38178 USD, 37289 USD, 37037 USD, 36627 USD, 36516 USD, 35856 USD, 34188 USD, 33448 USD, 33417 USD, 33275 USD, 32964 USD, 31832 USD, 29703 USD, 29450 USD, 28041 USD, 27996 USD, 27360 USD, 26373 USD, 23920 USD, 22275 USD, 19675 USD, 19481 USD, 19370 USD, 18080 USD, 13563 USD, 12040 USD, 5016 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([2836758 USD, 1708169 USD, 1631205 USD, 1502572 USD, 1388750 USD, 1309978 USD, 1003109 USD, 995100 USD, 935059 USD, 881752 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": "8417741",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.044837562091720542686275641018"
},
{
"fmv": "12302925",
"line": "government",
"label": "U.S. and state government obligations (line 10a)",
"share": "0.065532209127993004017176073815"
},
{
"fmv": "78488442",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.418073018836931012113614548851"
},
{
"fmv": "8479389",
"line": "bonds",
"label": "Corporate bonds (line 10c)",
"share": "0.0451659335666602430186478915681"
},
{
"fmv": "44529339",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.237187982181415790595260494037"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "346577710",
"name": "GAR FOUNDATION"
},
"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": "9302779",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "-0.2",
"recomputed": "9302779.2"
},
{
"id": "excise_tax",
"note": null,
"filed": "246703",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "0.3095",
"recomputed": "246702.6905"
},
{
"id": "distributable_amount",
"note": null,
"filed": "9059626",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "9059626"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "17748395",
"grossInvestmentIncome": "19228727",
"netNoncharitableAssets": "186055584",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2024-12-31",
"days": 366,
"begin": "2024-01-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202523219349107022",
"returnTs": "2025-11-17T16:01:38-05:00",
"operating": false,
"sourceSha256": "84472c568c77a566c7834a5b237ab3f7c70652781522082d29079fc903ecc69d",
"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 = 187738597 USD\nlet mix_savings = share(8417741 USD, total_assets_fmv)\nlet mix_government = share(12302925 USD, total_assets_fmv)\nlet mix_stock = share(78488442 USD, total_assets_fmv)\nlet mix_bonds = share(8479389 USD, total_assets_fmv)\nlet mix_other = share(44529339 USD, total_assets_fmv)\nlet net_noncharitable_assets = 186055584 USD\nlet mir_filed = 9302779 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 17748395 USD\nlet excise_filed = 246703 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 9059626 USD\nlet distributable_recomputed = 9302779 USD - 246703 USD + 3550 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 9478431 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 = [2836758 USD, 1708169 USD, 1631205 USD, 1502572 USD, 1388750 USD, 1309978 USD, 1003109 USD, 995100 USD, 935059 USD, 881752 USD, 793435 USD, 711852 USD, 696168 USD, 693406 USD, 691455 USD, 684857 USD, 663211 USD, 642485 USD, 591913 USD, 539601 USD, 536478 USD, 530030 USD, 525840 USD, 522528 USD, 515696 USD, 507931 USD, 506947 USD, 494702 USD, 491928 USD, 483791 USD, 476809 USD, 471588 USD, 466445 USD, 465998 USD, 457553 USD, 449355 USD, 447964 USD, 444871 USD, 417570 USD, 413330 USD, 407531 USD, 407322 USD, 396578 USD, 392923 USD, 385729 USD, 384018 USD, 362757 USD, 356580 USD, 352975 USD, 347912 USD, 347395 USD, 340054 USD, 327908 USD, 324784 USD, 321352 USD, 319161 USD, 318788 USD, 313472 USD, 312924 USD, 307355 USD, 305869 USD, 305252 USD, 302771 USD, 301084 USD, 300426 USD, 300228 USD, 295173 USD, 295035 USD, 294136 USD, 293196 USD, 290002 USD, 282486 USD, 279406 USD, 267026 USD, 264141 USD, 262456 USD, 260348 USD, 256275 USD, 256176 USD, 256004 USD, 254097 USD, 253338 USD, 253143 USD, 249101 USD, 248937 USD, 248589 USD, 247312 USD, 246993 USD, 245357 USD, 242117 USD, 237237 USD, 236618 USD, 234080 USD, 232432 USD, 232195 USD, 230946 USD, 227902 USD, 227225 USD, 226769 USD, 226477 USD, 226334 USD, 224962 USD, 221474 USD, 220644 USD, 218492 USD, 218334 USD, 217310 USD, 217297 USD, 216264 USD, 215358 USD, 212922 USD, 212370 USD, 206628 USD, 206448 USD, 206119 USD, 204653 USD, 204550 USD, 203910 USD, 203768 USD, 203727 USD, 201500 USD, 199859 USD, 197319 USD, 196371 USD, 195616 USD, 195506 USD, 194728 USD, 192545 USD, 192174 USD, 188637 USD, 188429 USD, 187658 USD, 187425 USD, 185640 USD, 185145 USD, 184725 USD, 183154 USD, 182858 USD, 182488 USD, 181004 USD, 178001 USD, 175297 USD, 174649 USD, 174490 USD, 172872 USD, 172169 USD, 171485 USD, 170422 USD, 170320 USD, 169495 USD, 168004 USD, 166550 USD, 165510 USD, 164125 USD, 163647 USD, 162886 USD, 162875 USD, 162852 USD, 161808 USD, 161613 USD, 157403 USD, 156995 USD, 156974 USD, 155752 USD, 155161 USD, 153916 USD, 153180 USD, 152680 USD, 152165 USD, 151300 USD, 150336 USD, 149379 USD, 149143 USD, 148379 USD, 147605 USD, 146902 USD, 145666 USD, 145574 USD, 144466 USD, 143319 USD, 140927 USD, 139662 USD, 139102 USD, 138863 USD, 138818 USD, 138090 USD, 138083 USD, 138012 USD, 137383 USD, 137060 USD, 135915 USD, 135125 USD, 134978 USD, 133966 USD, 133697 USD, 132903 USD, 130946 USD, 129033 USD, 128414 USD, 128151 USD, 128119 USD, 127648 USD, 127218 USD, 127095 USD, 126896 USD, 126126 USD, 125244 USD, 124878 USD, 124661 USD, 124394 USD, 123671 USD, 122962 USD, 122511 USD, 122507 USD, 122130 USD, 121030 USD, 120006 USD, 119475 USD, 116900 USD, 116873 USD, 116210 USD, 115319 USD, 115206 USD, 114556 USD, 114328 USD, 113928 USD, 112840 USD, 112720 USD, 111600 USD, 110414 USD, 109576 USD, 108578 USD, 108361 USD, 108264 USD, 106191 USD, 105370 USD, 105260 USD, 104036 USD, 103259 USD, 103232 USD, 103102 USD, 103008 USD, 102507 USD, 102028 USD, 100842 USD, 100188 USD, 100020 USD, 99354 USD, 98532 USD, 98040 USD, 97216 USD, 97092 USD, 96753 USD, 96658 USD, 96628 USD, 96558 USD, 96501 USD, 96120 USD, 96035 USD, 95854 USD, 94730 USD, 94686 USD, 94650 USD, 94428 USD, 94333 USD, 93951 USD, 92982 USD, 91652 USD, 91418 USD, 91059 USD, 90408 USD, 90300 USD, 87807 USD, 86464 USD, 85230 USD, 84804 USD, 83597 USD, 83340 USD, 82961 USD, 82565 USD, 82512 USD, 82500 USD, 80094 USD, 79257 USD, 78663 USD, 78617 USD, 77421 USD, 76840 USD, 75978 USD, 75275 USD, 74542 USD, 74210 USD, 73790 USD, 73480 USD, 73100 USD, 72150 USD, 72056 USD, 72021 USD, 71313 USD, 70537 USD, 70444 USD, 70270 USD, 69616 USD, 69468 USD, 69354 USD, 68564 USD, 68500 USD, 67824 USD, 65435 USD, 65148 USD, 64440 USD, 63504 USD, 63382 USD, 63318 USD, 63168 USD, 62652 USD, 62496 USD, 62444 USD, 61915 USD, 61488 USD, 60904 USD, 60262 USD, 58628 USD, 58334 USD, 58208 USD, 58064 USD, 56438 USD, 56364 USD, 55928 USD, 53780 USD, 53533 USD, 52778 USD, 51728 USD, 51014 USD, 50870 USD, 49924 USD, 49203 USD, 48901 USD, 48682 USD, 45968 USD, 45820 USD, 45293 USD, 44174 USD, 43222 USD, 42799 USD, 38178 USD, 37289 USD, 37037 USD, 36627 USD, 36516 USD, 35856 USD, 34188 USD, 33448 USD, 33417 USD, 33275 USD, 32964 USD, 31832 USD, 29703 USD, 29450 USD, 28041 USD, 27996 USD, 27360 USD, 26373 USD, 23920 USD, 22275 USD, 19675 USD, 19481 USD, 19370 USD, 18080 USD, 13563 USD, 12040 USD, 5016 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([2836758 USD, 1708169 USD, 1631205 USD, 1502572 USD, 1388750 USD, 1309978 USD, 1003109 USD, 995100 USD, 935059 USD, 881752 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": "9302779 USD",
"mix_bonds": "0.0451659335666602430186478915681",
"mix_other": "0.237187982181415790595260494037",
"mix_stock": "0.418073018836931012113614548851",
"mix_savings": "0.044837562091720542686275641018",
"payout_rate": "0.0509440823877664429571756362873",
"stock_count": "372",
"excise_filed": "246703 USD",
"largest_stock": "2836758 USD",
"mir_difference": "-0.2 USD",
"mir_recomputed": "9302779.2 USD",
"mix_government": "0.065532209127993004017176073815",
"payout_coverage": "1.04622762573201145389445436269",
"total_assets_fmv": "187738597 USD",
"excise_difference": "0.3095 USD",
"excise_recomputed": "246702.6905 USD",
"distributable_filed": "9059626 USD",
"stock_concentration": "0.00679430498726120421928393931699",
"top10_share_of_stock": "0.180822130456158221867701634844",
"net_investment_income": "17748395 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "9059626 USD",
"effective_stock_holdings": "147.182088804509448995866614889",
"net_noncharitable_assets": "186055584 USD",
"qualifying_distributions": "9478431 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0151101480746657545331501545204",
"largest_stock_halved_share_of_assets": "0.00755507403733287726657507726022"
},
"version": 2,
"holdings": {
"tie": "within_rounding",
"top": [
{
"fmv": "2836758",
"name": "037833100 APPLE INC",
"shareOfAssets": "0.0151101480746657545331501545204"
},
{
"fmv": "1708169",
"name": "67066G104 NVIDIA CORP",
"shareOfAssets": "0.0090986564686003272944454783584"
},
{
"fmv": "1631205",
"name": "594918104 MICROSOFT CORP",
"shareOfAssets": "0.0086887034742248553183765403339"
},
{
"fmv": "1502572",
"name": "02079K107 ALPHABET INC/CA-CL C",
"shareOfAssets": "0.00800353269924564313218980751198"
},
{
"fmv": "1388750",
"name": "874039100 TAIWAN SEMICONDUCTOR",
"shareOfAssets": "0.00739725353332644751787508031713"
},
{
"fmv": "1309978",
"name": "023135106 AMAZON COM INC",
"shareOfAssets": "0.00697767012715025243317441005485"
},
{
"fmv": "1003109",
"name": "084670702 BERKSHIRE HATHAWAY I",
"shareOfAssets": "0.00534311545963028582769264010213"
},
{
"fmv": "995100",
"name": "743315103 PROGRESSIVE CORP OHI",
"shareOfAssets": "0.00530045507903737024305129967494"
},
{
"fmv": "935059",
"name": "30303M102 META PLATFORMS INC",
"shareOfAssets": "0.00498064337830329050557462086499"
},
{
"fmv": "881752",
"name": "92826C839 VISA INC CLASS A SHA",
"shareOfAssets": "0.00469670070028274473575617484773"
}
],
"count": 372,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "0a3c011ef358a1a1f2359da2131d30caddea8a240afa5c98a81824d6b35b4253",
"otherInvestments": [
{
"fmv": "7987610",
"name": "09260B382 BLACKROCK STRATEGIC",
"shareOfAssets": "0.0425464455771979589258355861688"
},
{
"fmv": "6594921",
"name": "74676P839 PUTNAM MULTI-CAP COR",
"shareOfAssets": "0.035128210742940621847727987442"
},
{
"fmv": "6004518",
"name": "349903138 MAI MANAGED VOLATILI",
"shareOfAssets": "0.031983396573481371015039597851"
},
{
"fmv": "5708975",
"name": "128119880 CALAMOS MARKET NEUTR",
"shareOfAssets": "0.0304091704701511112283426726578"
},
{
"fmv": "5282497",
"name": "25264S833 DIAMOND HILL LONG-SH",
"shareOfAssets": "0.0281375118617723557399334352115"
}
]
}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.