HOOVER FOUNDATION INCOME ACCOUNT
EIN 34-6510994, tax year January 1, 2025 to December 31, 2025. 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 HOOVER FOUNDATION. 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, for the tax year ended 2025-12-31. The IRS received it on July 20, 2026.
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
594918104 MICROSOFT CORP
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/3802e42d27b0 — 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) | $3,336,652 | $3,336,652.35 | recomputes, within the form's whole-dollar rounding (difference −$0.35) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $42,891 | $42,890.5906 | recomputes, within the form's whole-dollar rounding (difference $0.4094) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $3,293,761 | $3,293,761 | recomputes exactly |
Where the assets sit, at fair market value
| Part II line | Fair market value | Share of assets |
|---|---|---|
| Cash (line 1) | $1,010 | <0.1% |
| Savings and temporary cash investments (line 2) | $1.5M | 2.1% |
| Corporate stock (line 10b) | $50.6M | 70.5% |
| Corporate bonds (line 10c) | $19.6M | 27.3% |
The ten largest listed stocks, of 109 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 41.2 equal holdings; the ten largest are 40.6% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| 594918104 MICROSOFT CORP | $3.1M | 4.3% |
| 67066G104 NVIDIA CORP | $2.6M | 3.6% |
| 464287804 ISHARES TR | $2.3M | 3.3% |
| 023135106 AMAZON COM INC | $2.1M | 2.9% |
| 464287465 ISHARES TR | $2M | 2.8% |
| 464287507 ISHARES TR | $2M | 2.8% |
| 02079K305 ALPHABET INC | $1.7M | 2.4% |
| 02079K107 ALPHABET INC | $1.6M | 2.2% |
| 11135F101 BROADCOM INC | $1.6M | 2.2% |
| 037833100 APPLE INC | $1.5M | 2.1% |
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 $3,336,652; recomputed $3,336,652.35; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $42,891; recomputed $42,890.59; 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 $3,293,761; recomputed $3,293,761; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $3,604,992 against a distributable amount of $3,293,761 (1.09×). |
| 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 2025: nothing carried into the next year, so nothing from this year falls due by 31 December 2026. |
| Holdings tie-out | The corporate-stock schedule against Part II line 10b | agrees | 109 listed holdings sum to Part II line 10b exactly; the largest is 4.3% 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 20 July 2026; the original due date was 15 May 2026; the six-month extension window ended 15 November 2026 (a Sunday, so 16 November 2026 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 17, 2027 | Excise tax on the year ending 31 December 2026, due with that return by 15 May 2027 (a Saturday, so 17 May 2027 under IRC §7503) | $42,890 | Projected under the assumptions below |
| December 31, 2027 | Distributable amount for the year ending 31 December 2026, to be paid out | $3,293,761 | Projected under the assumptions below |
If net noncharitable-use assets fell 20% over the coming year: what is owed now, nothing from Part XII, is unchanged; the following year’s minimum investment return would be $2,669,321, $667,330 less than the projection.
The assumptions, the forward kernel proof, and what was refused
- Net noncharitable-use assets for the year ending 31 December 2026 equal this return's Part IX line 5, $66733047; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $3085654.
- 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)
84731095d3ee69ad…· 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
3802e42d27b0c17baadc399adb0884438bf49c1986c62cebeeddb441d36609e9 · recomputed now, matches202632019349100608, schema 2025v4.1 — the file as the IRS published it hashes to 0a32f001a7c2e6c2…202632019349100608_public.xml inside 2026_TEOS_XML_07A.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 3802e42d27b0 --fetchkernel@2026-09-15.1 · kernel proof 1f7d1b5b97f9d842…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 = 71659461 USD let mix_cash = share(1010 USD, total_assets_fmv) let mix_savings = share(1531123 USD, total_assets_fmv) let mix_stock = share(50554201 USD, total_assets_fmv) let mix_bonds = share(19573127 USD, total_assets_fmv) let net_noncharitable_assets = 66733047 USD let mir_filed = 3336652 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 3085654 USD let excise_filed = 42891 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 3293761 USD let distributable_recomputed = 3336652 USD - 42891 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 3604992 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 = [3095168 USD, 2611000 USD, 2343510 USD, 2077380 USD, 2026233 USD, 1980924 USD, 1721500 USD, 1569000 USD, 1557450 USD, 1536009 USD, 1449990 USD, 1275578 USD, 1182148 USD, 912985 USD, 894444 USD, 875360 USD, 862340 USD, 859305 USD, 790461 USD, 733512 USD, 710188 USD, 688200 USD, 670950 USD, 668572 USD, 637020 USD, 616240 USD, 609640 USD, 566360 USD, 534768 USD, 500454 USD, 469844 USD, 458500 USD, 457450 USD, 409156 USD, 408360 USD, 406975 USD, 401400 USD, 385000 USD, 372800 USD, 369950 USD, 336100 USD, 330045 USD, 327310 USD, 312120 USD, 271200 USD, 258336 USD, 231023 USD, 226680 USD, 219740 USD, 214160 USD, 210520 USD, 210325 USD, 208150 USD, 203650 USD, 199700 USD, 194430 USD, 184200 USD, 172965 USD, 171368 USD, 165200 USD, 165055 USD, 159896 USD, 153610 USD, 151945 USD, 150795 USD, 148439 USD, 144863 USD, 138792 USD, 136815 USD, 134041 USD, 133883 USD, 131850 USD, 131160 USD, 131030 USD, 130500 USD, 127660 USD, 125290 USD, 124741 USD, 124500 USD, 117210 USD, 117200 USD, 117190 USD, 113770 USD, 112460 USD, 110700 USD, 109680 USD, 103475 USD, 101580 USD, 100755 USD, 100656 USD, 97455 USD, 97268 USD, 93610 USD, 93114 USD, 88875 USD, 86745 USD, 83815 USD, 82492 USD, 77355 USD, 74000 USD, 72551 USD, 65670 USD, 57570 USD, 52982 USD, 52721 USD, 50760 USD, 47675 USD, 43893 USD, 42763 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([3095168 USD, 2611000 USD, 2343510 USD, 2077380 USD, 2026233 USD, 1980924 USD, 1721500 USD, 1569000 USD, 1557450 USD, 1536009 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": "1010",
"line": "cash",
"label": "Cash (line 1)",
"share": "0.0000140944403698487210223364644063"
},
{
"fmv": "1531123",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.021366655269706815126616707318"
},
{
"fmv": "50554201",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.705478387564204536788240704183"
},
{
"fmv": "19573127",
"line": "bonds",
"label": "Corporate bonds (line 10c)",
"share": "0.273140862725718799364120252035"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "346510994",
"name": "HOOVER FOUNDATION INCOME ACCOUNT"
},
"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": "3336652",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "-0.35",
"recomputed": "3336652.35"
},
{
"id": "excise_tax",
"note": null,
"filed": "42891",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "0.4094",
"recomputed": "42890.5906"
},
{
"id": "distributable_amount",
"note": null,
"filed": "3293761",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "3293761"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "3085654",
"grossInvestmentIncome": "3292273",
"netNoncharitableAssets": "66733047",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2025-12-31",
"days": 365,
"begin": "2025-01-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202632019349100608",
"returnTs": "2026-07-20T09:01:38-04:00",
"operating": false,
"sourceSha256": "0a32f001a7c2e6c2de98a37de7624f06eefd8b4f007ee825842c44bd61cb8b50",
"returnVersion": "2025v4.1",
"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 = 71659461 USD\nlet mix_cash = share(1010 USD, total_assets_fmv)\nlet mix_savings = share(1531123 USD, total_assets_fmv)\nlet mix_stock = share(50554201 USD, total_assets_fmv)\nlet mix_bonds = share(19573127 USD, total_assets_fmv)\nlet net_noncharitable_assets = 66733047 USD\nlet mir_filed = 3336652 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 3085654 USD\nlet excise_filed = 42891 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 3293761 USD\nlet distributable_recomputed = 3336652 USD - 42891 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 3604992 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 = [3095168 USD, 2611000 USD, 2343510 USD, 2077380 USD, 2026233 USD, 1980924 USD, 1721500 USD, 1569000 USD, 1557450 USD, 1536009 USD, 1449990 USD, 1275578 USD, 1182148 USD, 912985 USD, 894444 USD, 875360 USD, 862340 USD, 859305 USD, 790461 USD, 733512 USD, 710188 USD, 688200 USD, 670950 USD, 668572 USD, 637020 USD, 616240 USD, 609640 USD, 566360 USD, 534768 USD, 500454 USD, 469844 USD, 458500 USD, 457450 USD, 409156 USD, 408360 USD, 406975 USD, 401400 USD, 385000 USD, 372800 USD, 369950 USD, 336100 USD, 330045 USD, 327310 USD, 312120 USD, 271200 USD, 258336 USD, 231023 USD, 226680 USD, 219740 USD, 214160 USD, 210520 USD, 210325 USD, 208150 USD, 203650 USD, 199700 USD, 194430 USD, 184200 USD, 172965 USD, 171368 USD, 165200 USD, 165055 USD, 159896 USD, 153610 USD, 151945 USD, 150795 USD, 148439 USD, 144863 USD, 138792 USD, 136815 USD, 134041 USD, 133883 USD, 131850 USD, 131160 USD, 131030 USD, 130500 USD, 127660 USD, 125290 USD, 124741 USD, 124500 USD, 117210 USD, 117200 USD, 117190 USD, 113770 USD, 112460 USD, 110700 USD, 109680 USD, 103475 USD, 101580 USD, 100755 USD, 100656 USD, 97455 USD, 97268 USD, 93610 USD, 93114 USD, 88875 USD, 86745 USD, 83815 USD, 82492 USD, 77355 USD, 74000 USD, 72551 USD, 65670 USD, 57570 USD, 52982 USD, 52721 USD, 50760 USD, 47675 USD, 43893 USD, 42763 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([3095168 USD, 2611000 USD, 2343510 USD, 2077380 USD, 2026233 USD, 1980924 USD, 1721500 USD, 1569000 USD, 1557450 USD, 1536009 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": "0.0000140944403698487210223364644063",
"mir_filed": "3336652 USD",
"mix_bonds": "0.273140862725718799364120252035",
"mix_stock": "0.705478387564204536788240704183",
"mix_savings": "0.021366655269706815126616707318",
"payout_rate": "0.0540210909296558869850495512366",
"stock_count": "109",
"excise_filed": "42891 USD",
"largest_stock": "3095168 USD",
"mir_difference": "-0.35 USD",
"mir_recomputed": "3336652.35 USD",
"payout_coverage": "1.09449106963134240766102944324",
"total_assets_fmv": "71659461 USD",
"excise_difference": "0.4094 USD",
"excise_recomputed": "42890.5906 USD",
"distributable_filed": "3293761 USD",
"stock_concentration": "0.0242499195853835228140959329332",
"top10_share_of_stock": "0.40586486571116018627215570077",
"net_investment_income": "3085654 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "3293761 USD",
"effective_stock_holdings": "41.2372501475321726836085314636",
"net_noncharitable_assets": "66733047 USD",
"qualifying_distributions": "3604992 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0431927334759048773755080295678",
"largest_stock_halved_share_of_assets": "0.0215963667379524386877540147839"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "3095168",
"name": "594918104 MICROSOFT CORP",
"shareOfAssets": "0.0431927334759048773755080295678"
},
{
"fmv": "2611000",
"name": "67066G104 NVIDIA CORP",
"shareOfAssets": "0.036436221589777238207248028282"
},
{
"fmv": "2343510",
"name": "464287804 ISHARES TR",
"shareOfAssets": "0.0327034276744001744584710175255"
},
{
"fmv": "2077380",
"name": "023135106 AMAZON COM INC",
"shareOfAssets": "0.0289896124114023129479023014142"
},
{
"fmv": "2026233",
"name": "464287465 ISHARES TR",
"shareOfAssets": "0.0282758615781383005378731497855"
},
{
"fmv": "1980924",
"name": "464287507 ISHARES TR",
"shareOfAssets": "0.0276435794011903047945057806114"
},
{
"fmv": "1721500",
"name": "02079K305 ALPHABET INC",
"shareOfAssets": "0.024023345640291656673220023243"
},
{
"fmv": "1569000",
"name": "02079K107 ALPHABET INC",
"shareOfAssets": "0.0218952246933590527564811016371"
},
{
"fmv": "1557450",
"name": "11135F101 BROADCOM INC",
"shareOfAssets": "0.0217340456970503866893444816728"
},
{
"fmv": "1536009",
"name": "037833100 APPLE INC",
"shareOfAssets": "0.021434838869357390226532683521"
}
],
"count": 109,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "1f7d1b5b97f9d842b9625349254ed53775eb9232bf8d049f7a2517ff56a36cfe",
"otherInvestments": []
}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.