Sealed proof · filed Form 990-PF
THE WALT AND LILLY DISNEY FOUNDATION
EIN 23-7425637, 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 October 27, 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 distributions1.23×
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 rate6.0%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$154.4M
end of the tax year, Part II
Largest listed stock5.6%
GOLDMAN SACHS GQG INTL OPP I
If that stock halved−2.8%
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
THE WALT AND LILLY DISNEY 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/3f776e16311d — 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) | $7,720,712 | $7,720,712.05 | recomputes, within the form's whole-dollar rounding (difference −$0.05) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $132,398 | $132,398.4035 | recomputes, within the form's whole-dollar rounding (difference −$0.4035) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $7,588,314 | $7,588,314 | 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) | $3M | 2.0% |
| U.S. and state government obligations (line 10a) | $4M | 2.6% |
| Corporate stock (line 10b) | $71.9M | 46.6% |
| Corporate bonds (line 10c) | $23.1M | 15.0% |
| Other investments (line 13) | $52.4M | 33.9% |
The ten largest listed stocks, of 328 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 28.2 equal holdings; the ten largest are 42.5% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| GOLDMAN SACHS GQG INTL OPP I | $8.7M | 5.6% |
| FIRST EAGLE OVERSEAS I | $5.6M | 3.7% |
| INVESCO SR FLOATING RATE Y | $5.6M | 3.6% |
| WALT DISNEY CO HLDG CO | $5.2M | 3.4% |
| FISERV INC | $1.5M | 1.0% |
| BROOKFIELD CORP | $844,745 | 0.5% |
| VERTIV HOLDINGS LLC | $840,146 | 0.5% |
| MCKESSON CORP | $786,476 | 0.5% |
| BERKSHIRE HATHAWAY | $728,874 | 0.5% |
| AUTOZONE INC | $704,440 | 0.5% |
Largest other investments (line 13), as listed
| OAKTREE STRATEGIC CREDIT FUND | $9.7M | 6.3% |
| TRIAN PARTNERS, LTD. | $6.8M | 4.4% |
| FARALLON CAPITAL INSTITUTIONAL PARTNERS, LP | $6.4M | 4.1% |
| STEADFAST INTERNATIONAL LTD. | $5.2M | 3.3% |
| BRIDGE MULTIFAMILY IV INTERNATIONAL FUNDS | $3.8M | 2.5% |
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 $7,720,712; recomputed $7,720,712.05; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $132,398; recomputed $132,398.40; 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 $7,588,314; recomputed $7,588,314; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $9,332,128 against a distributable amount of $7,588,314 (1.23×). |
| 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 | 328 listed holdings sum to Part II line 10b exactly; the largest is 5.6% of total assets. |
| The foundation's own answers | Part VI-B 2a, 3a, 3b, 4a and 4b, each answered | reported | All 4 answered No (3b not asked: 3a is No). |
| Filing timeliness | The e-file timestamp beside the original due date and the extension window, each with its IRC §7503 roll to the next business day | reported | Return timestamped 27 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.
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. | $132,398 | Projected under the assumptions below |
| December 31, 2026 | Distributable amount for the year ending 31 December 2025, to be paid out | $7,588,313 | 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 $6,176,569, $1,544,142 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, $154414241; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $9525065.
- 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)
2259f64dc51b80a1…· 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
3f776e16311d4043c7eef85b42fb63f21ab743519e5ab6a6e4d97855949745b0 · recomputed now, matchesreturn Form 990-PF, IRS object
202523009349101157, schema 2024v5.2 — the file as the IRS published it hashes to eff30f1a8ef77b3e…source file
202523009349101157_public.xml inside 2025_TEOS_XML_11D.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 3f776e16311d --fetcharithmetic
kernel@2026-09-15.1 · kernel proof db2e27b37ab8c31f…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 = 154363972 USD let mix_savings = share(3042057 USD, total_assets_fmv) let mix_government = share(3988330 USD, total_assets_fmv) let mix_stock = share(71869145 USD, total_assets_fmv) let mix_bonds = share(23110852 USD, total_assets_fmv) let mix_other = share(52353588 USD, total_assets_fmv) let net_noncharitable_assets = 154414241 USD let mir_filed = 7720712 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 9525065 USD let excise_filed = 132398 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 7588314 USD let distributable_recomputed = 7720712 USD - 132398 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 9332128 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 = [8655201 USD, 5644217 USD, 5596246 USD, 5226658 USD, 1503264 USD, 844745 USD, 840146 USD, 786476 USD, 728874 USD, 704440 USD, 679747 USD, 641945 USD, 604406 USD, 578287 USD, 566976 USD, 562556 USD, 554232 USD, 539474 USD, 485488 USD, 475634 USD, 474386 USD, 459260 USD, 444484 USD, 437837 USD, 422347 USD, 420852 USD, 417821 USD, 417256 USD, 413537 USD, 412764 USD, 411874 USD, 411657 USD, 391326 USD, 385058 USD, 382754 USD, 371950 USD, 371701 USD, 369246 USD, 363352 USD, 361401 USD, 359596 USD, 358628 USD, 351378 USD, 351232 USD, 348439 USD, 344217 USD, 343352 USD, 337125 USD, 337107 USD, 335328 USD, 333690 USD, 332371 USD, 320012 USD, 316085 USD, 314714 USD, 314346 USD, 312399 USD, 301217 USD, 298028 USD, 294163 USD, 291292 USD, 289559 USD, 286650 USD, 285497 USD, 282784 USD, 282315 USD, 276640 USD, 274481 USD, 273207 USD, 272231 USD, 271242 USD, 268915 USD, 265108 USD, 263093 USD, 260531 USD, 256106 USD, 244641 USD, 240175 USD, 238554 USD, 236349 USD, 235420 USD, 233989 USD, 233790 USD, 233074 USD, 232405 USD, 230602 USD, 224804 USD, 218281 USD, 216867 USD, 214786 USD, 211314 USD, 210249 USD, 209995 USD, 207630 USD, 207000 USD, 205771 USD, 203780 USD, 202286 USD, 201281 USD, 197891 USD, 197293 USD, 195016 USD, 190833 USD, 189895 USD, 188141 USD, 185717 USD, 185418 USD, 184993 USD, 180977 USD, 175819 USD, 175024 USD, 171655 USD, 171539 USD, 171171 USD, 170404 USD, 168231 USD, 167254 USD, 166460 USD, 157763 USD, 153742 USD, 152959 USD, 151162 USD, 144936 USD, 135293 USD, 128977 USD, 125307 USD, 124677 USD, 122636 USD, 118044 USD, 115822 USD, 113202 USD, 111432 USD, 110575 USD, 107938 USD, 107483 USD, 104172 USD, 103644 USD, 102851 USD, 100864 USD, 100511 USD, 100383 USD, 99580 USD, 99464 USD, 99459 USD, 98534 USD, 97735 USD, 97629 USD, 96672 USD, 95150 USD, 93927 USD, 85543 USD, 85180 USD, 84421 USD, 83905 USD, 83902 USD, 83277 USD, 78009 USD, 76884 USD, 75512 USD, 75232 USD, 74584 USD, 73382 USD, 69537 USD, 66545 USD, 64210 USD, 62008 USD, 61432 USD, 61248 USD, 59284 USD, 55185 USD, 53407 USD, 52771 USD, 52194 USD, 48103 USD, 47499 USD, 47025 USD, 46042 USD, 45391 USD, 45172 USD, 44927 USD, 44633 USD, 43875 USD, 43333 USD, 43133 USD, 41702 USD, 41019 USD, 40946 USD, 40660 USD, 40471 USD, 40287 USD, 40066 USD, 39995 USD, 36961 USD, 36900 USD, 36097 USD, 36017 USD, 35752 USD, 35304 USD, 35213 USD, 34170 USD, 33107 USD, 32965 USD, 32732 USD, 32450 USD, 31743 USD, 31734 USD, 31378 USD, 30540 USD, 29957 USD, 28405 USD, 28315 USD, 28090 USD, 27831 USD, 27800 USD, 26590 USD, 26510 USD, 25700 USD, 24787 USD, 24411 USD, 24096 USD, 23944 USD, 23843 USD, 23655 USD, 22894 USD, 22268 USD, 21731 USD, 21667 USD, 21649 USD, 20987 USD, 20964 USD, 20960 USD, 19900 USD, 19586 USD, 19211 USD, 18061 USD, 17831 USD, 17733 USD, 17626 USD, 17064 USD, 16798 USD, 16629 USD, 16183 USD, 16132 USD, 15806 USD, 15391 USD, 15293 USD, 15233 USD, 14527 USD, 14270 USD, 14090 USD, 13677 USD, 13484 USD, 13049 USD, 13013 USD, 12888 USD, 12686 USD, 12457 USD, 12255 USD, 11983 USD, 11428 USD, 11287 USD, 10311 USD, 10101 USD, 10047 USD, 9956 USD, 9392 USD, 9362 USD, 9305 USD, 9263 USD, 8262 USD, 8256 USD, 8159 USD, 8093 USD, 7981 USD, 7855 USD, 7565 USD, 7129 USD, 6628 USD, 6565 USD, 6534 USD, 6440 USD, 6413 USD, 6207 USD, 5545 USD, 5269 USD, 4858 USD, 4851 USD, 4681 USD, 4618 USD, 4563 USD, 4511 USD, 4469 USD, 4298 USD, 4212 USD, 4178 USD, 4148 USD, 3975 USD, 3590 USD, 3400 USD, 3356 USD, 3341 USD, 3323 USD, 2763 USD, 2616 USD, 2611 USD, 2575 USD, 2440 USD, 2302 USD, 2297 USD, 2266 USD, 2255 USD, 2237 USD, 2227 USD, 2215 USD, 2004 USD, 1837 USD, 1740 USD, 1653 USD, 1504 USD, 199 USD, 160 USD, 85 USD, 65 USD, 52 USD, 49 USD, 42 USD, 41 USD, 31 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([8655201 USD, 5644217 USD, 5596246 USD, 5226658 USD, 1503264 USD, 844745 USD, 840146 USD, 786476 USD, 728874 USD, 704440 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": "3042057",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.0197070401894037813434860305357"
},
{
"fmv": "3988330",
"line": "government",
"label": "U.S. and state government obligations (line 10a)",
"share": "0.025837181748601286315695478476"
},
{
"fmv": "71869145",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.465582376955161532122275267703"
},
{
"fmv": "23110852",
"line": "bonds",
"label": "Corporate bonds (line 10c)",
"share": "0.149716619108505448408648100866"
},
{
"fmv": "52353588",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.339156781998327951809895122419"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "237425637",
"name": "THE WALT AND LILLY DISNEY 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": "7720712",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "-0.05",
"recomputed": "7720712.05"
},
{
"id": "excise_tax",
"note": null,
"filed": "132398",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "-0.4035",
"recomputed": "132398.4035"
},
{
"id": "distributable_amount",
"note": null,
"filed": "7588314",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "7588314"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "9525065",
"grossInvestmentIncome": "10356106",
"netNoncharitableAssets": "154414241",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2024-12-31",
"days": 366,
"begin": "2024-01-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202523009349101157",
"returnTs": "2025-10-27T16:14:06-05:00",
"operating": false,
"sourceSha256": "eff30f1a8ef77b3e88f441725ad0f761d08819c764cf734b2b765e418bc4dddb",
"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 = 154363972 USD\nlet mix_savings = share(3042057 USD, total_assets_fmv)\nlet mix_government = share(3988330 USD, total_assets_fmv)\nlet mix_stock = share(71869145 USD, total_assets_fmv)\nlet mix_bonds = share(23110852 USD, total_assets_fmv)\nlet mix_other = share(52353588 USD, total_assets_fmv)\nlet net_noncharitable_assets = 154414241 USD\nlet mir_filed = 7720712 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 9525065 USD\nlet excise_filed = 132398 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 7588314 USD\nlet distributable_recomputed = 7720712 USD - 132398 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 9332128 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 = [8655201 USD, 5644217 USD, 5596246 USD, 5226658 USD, 1503264 USD, 844745 USD, 840146 USD, 786476 USD, 728874 USD, 704440 USD, 679747 USD, 641945 USD, 604406 USD, 578287 USD, 566976 USD, 562556 USD, 554232 USD, 539474 USD, 485488 USD, 475634 USD, 474386 USD, 459260 USD, 444484 USD, 437837 USD, 422347 USD, 420852 USD, 417821 USD, 417256 USD, 413537 USD, 412764 USD, 411874 USD, 411657 USD, 391326 USD, 385058 USD, 382754 USD, 371950 USD, 371701 USD, 369246 USD, 363352 USD, 361401 USD, 359596 USD, 358628 USD, 351378 USD, 351232 USD, 348439 USD, 344217 USD, 343352 USD, 337125 USD, 337107 USD, 335328 USD, 333690 USD, 332371 USD, 320012 USD, 316085 USD, 314714 USD, 314346 USD, 312399 USD, 301217 USD, 298028 USD, 294163 USD, 291292 USD, 289559 USD, 286650 USD, 285497 USD, 282784 USD, 282315 USD, 276640 USD, 274481 USD, 273207 USD, 272231 USD, 271242 USD, 268915 USD, 265108 USD, 263093 USD, 260531 USD, 256106 USD, 244641 USD, 240175 USD, 238554 USD, 236349 USD, 235420 USD, 233989 USD, 233790 USD, 233074 USD, 232405 USD, 230602 USD, 224804 USD, 218281 USD, 216867 USD, 214786 USD, 211314 USD, 210249 USD, 209995 USD, 207630 USD, 207000 USD, 205771 USD, 203780 USD, 202286 USD, 201281 USD, 197891 USD, 197293 USD, 195016 USD, 190833 USD, 189895 USD, 188141 USD, 185717 USD, 185418 USD, 184993 USD, 180977 USD, 175819 USD, 175024 USD, 171655 USD, 171539 USD, 171171 USD, 170404 USD, 168231 USD, 167254 USD, 166460 USD, 157763 USD, 153742 USD, 152959 USD, 151162 USD, 144936 USD, 135293 USD, 128977 USD, 125307 USD, 124677 USD, 122636 USD, 118044 USD, 115822 USD, 113202 USD, 111432 USD, 110575 USD, 107938 USD, 107483 USD, 104172 USD, 103644 USD, 102851 USD, 100864 USD, 100511 USD, 100383 USD, 99580 USD, 99464 USD, 99459 USD, 98534 USD, 97735 USD, 97629 USD, 96672 USD, 95150 USD, 93927 USD, 85543 USD, 85180 USD, 84421 USD, 83905 USD, 83902 USD, 83277 USD, 78009 USD, 76884 USD, 75512 USD, 75232 USD, 74584 USD, 73382 USD, 69537 USD, 66545 USD, 64210 USD, 62008 USD, 61432 USD, 61248 USD, 59284 USD, 55185 USD, 53407 USD, 52771 USD, 52194 USD, 48103 USD, 47499 USD, 47025 USD, 46042 USD, 45391 USD, 45172 USD, 44927 USD, 44633 USD, 43875 USD, 43333 USD, 43133 USD, 41702 USD, 41019 USD, 40946 USD, 40660 USD, 40471 USD, 40287 USD, 40066 USD, 39995 USD, 36961 USD, 36900 USD, 36097 USD, 36017 USD, 35752 USD, 35304 USD, 35213 USD, 34170 USD, 33107 USD, 32965 USD, 32732 USD, 32450 USD, 31743 USD, 31734 USD, 31378 USD, 30540 USD, 29957 USD, 28405 USD, 28315 USD, 28090 USD, 27831 USD, 27800 USD, 26590 USD, 26510 USD, 25700 USD, 24787 USD, 24411 USD, 24096 USD, 23944 USD, 23843 USD, 23655 USD, 22894 USD, 22268 USD, 21731 USD, 21667 USD, 21649 USD, 20987 USD, 20964 USD, 20960 USD, 19900 USD, 19586 USD, 19211 USD, 18061 USD, 17831 USD, 17733 USD, 17626 USD, 17064 USD, 16798 USD, 16629 USD, 16183 USD, 16132 USD, 15806 USD, 15391 USD, 15293 USD, 15233 USD, 14527 USD, 14270 USD, 14090 USD, 13677 USD, 13484 USD, 13049 USD, 13013 USD, 12888 USD, 12686 USD, 12457 USD, 12255 USD, 11983 USD, 11428 USD, 11287 USD, 10311 USD, 10101 USD, 10047 USD, 9956 USD, 9392 USD, 9362 USD, 9305 USD, 9263 USD, 8262 USD, 8256 USD, 8159 USD, 8093 USD, 7981 USD, 7855 USD, 7565 USD, 7129 USD, 6628 USD, 6565 USD, 6534 USD, 6440 USD, 6413 USD, 6207 USD, 5545 USD, 5269 USD, 4858 USD, 4851 USD, 4681 USD, 4618 USD, 4563 USD, 4511 USD, 4469 USD, 4298 USD, 4212 USD, 4178 USD, 4148 USD, 3975 USD, 3590 USD, 3400 USD, 3356 USD, 3341 USD, 3323 USD, 2763 USD, 2616 USD, 2611 USD, 2575 USD, 2440 USD, 2302 USD, 2297 USD, 2266 USD, 2255 USD, 2237 USD, 2227 USD, 2215 USD, 2004 USD, 1837 USD, 1740 USD, 1653 USD, 1504 USD, 199 USD, 160 USD, 85 USD, 65 USD, 52 USD, 49 USD, 42 USD, 41 USD, 31 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([8655201 USD, 5644217 USD, 5596246 USD, 5226658 USD, 1503264 USD, 844745 USD, 840146 USD, 786476 USD, 728874 USD, 704440 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": "7720712 USD",
"mix_bonds": "0.149716619108505448408648100866",
"mix_other": "0.339156781998327951809895122419",
"mix_stock": "0.465582376955161532122275267703",
"mix_savings": "0.0197070401894037813434860305357",
"payout_rate": "0.0604356692722402462866103133583",
"stock_count": "328",
"excise_filed": "132398 USD",
"largest_stock": "8655201 USD",
"mir_difference": "-0.05 USD",
"mir_recomputed": "7720712.05 USD",
"mix_government": "0.025837181748601286315695478476",
"payout_coverage": "1.22980256220288195770496581981",
"total_assets_fmv": "154363972 USD",
"excise_difference": "-0.4035 USD",
"excise_recomputed": "132398.4035 USD",
"distributable_filed": "7588314 USD",
"stock_concentration": "0.0354524222236586457551159076635",
"top10_share_of_stock": "0.424803537039434655859618199159",
"net_investment_income": "9525065 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "7588314 USD",
"effective_stock_holdings": "28.2068173985772091839699962899",
"net_noncharitable_assets": "154414241 USD",
"qualifying_distributions": "9332128 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0560700847993209192621708386721",
"largest_stock_halved_share_of_assets": "0.0280350423996604596310854193361"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "8655201",
"name": "GOLDMAN SACHS GQG INTL OPP I",
"shareOfAssets": "0.0560700847993209192621708386721"
},
{
"fmv": "5644217",
"name": "FIRST EAGLE OVERSEAS I",
"shareOfAssets": "0.0365643415809486944272203620156"
},
{
"fmv": "5596246",
"name": "INVESCO SR FLOATING RATE Y",
"shareOfAssets": "0.0362535760611290826333491859098"
},
{
"fmv": "5226658",
"name": "WALT DISNEY CO HLDG CO",
"shareOfAssets": "0.0338593127157935531744415076337"
},
{
"fmv": "1503264",
"name": "FISERV INC",
"shareOfAssets": "0.00973843818945006157265764060541"
},
{
"fmv": "844745",
"name": "BROOKFIELD CORP",
"shareOfAssets": "0.00547242331908899053206534488501"
},
{
"fmv": "840146",
"name": "VERTIV HOLDINGS LLC",
"shareOfAssets": "0.00544263009764998791298270039333"
},
{
"fmv": "786476",
"name": "MCKESSON CORP",
"shareOfAssets": "0.00509494534126136635043311790396"
},
{
"fmv": "728874",
"name": "BERKSHIRE HATHAWAY",
"shareOfAssets": "0.00472178831988075559496486654282"
},
{
"fmv": "704440",
"name": "AUTOZONE INC",
"shareOfAssets": "0.0045635000892565786011259155731"
}
],
"count": 328,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "db2e27b37ab8c31f26fb8bd5d38c031a5221481a110ca87675d9cf502d9ec42f",
"otherInvestments": [
{
"fmv": "9685286",
"name": "OAKTREE STRATEGIC CREDIT FUND",
"shareOfAssets": "0.062743176885860387163398464507"
},
{
"fmv": "6762761",
"name": "TRIAN PARTNERS, LTD.",
"shareOfAssets": "0.0438104883696566190976220798465"
},
{
"fmv": "6353613",
"name": "FARALLON CAPITAL INSTITUTIONAL PARTNERS, LP",
"shareOfAssets": "0.0411599476074637416041613648034"
},
{
"fmv": "5170515",
"name": "STEADFAST INTERNATIONAL LTD.",
"shareOfAssets": "0.0334956073817535609928461804546"
},
{
"fmv": "3804600",
"name": "BRIDGE MULTIFAMILY IV INTERNATIONAL FUNDS",
"shareOfAssets": "0.0246469428760229103200324490225"
}
]
}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.