Sealed proof · filed Form 990-PF
J E BARBEY 8 FBO TENACRE FDN
EIN 23-6205505, 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 J E BARBEY 8 TENACRE 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. 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 April 24, 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 distributions0.96×
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 rate4.7%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$948M
end of the tax year, Part II
Largest listed stock66.3%
918204108 V-F CORP
If that stock halved−33.2%
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
J E BARBEY 8 FBO TENACRE FDN · 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/47ae9704cb2c — 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) | $38,682,600 | $38,682,600.1 | recomputes, within the form's whole-dollar rounding (difference −$0.1) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $1,110,944 | $1,110,943.6278 | recomputes, within the form's whole-dollar rounding (difference $0.3722) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $37,571,656 | $37,571,656 | 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) | $1.5M | 0.2% |
| U.S. and state government obligations (line 10a) | $4.6M | 0.5% |
| Corporate stock (line 10b) | $914.8M | 96.5% |
| Corporate bonds (line 10c) | $7.4M | 0.8% |
| Other investments (line 13) | $19.7M | 2.1% |
The ten largest listed stocks, of 717 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 1.8 equal holdings; the ten largest are 97.3% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| 918204108 V-F CORP | $629M | 66.3% |
| 50050N103 KONTOOR BRANDS INC - | $254M | 26.8% |
| 037833100 APPLE INC | $1.5M | 0.2% |
| 67066G104 NVIDIA CORP | $1.3M | 0.1% |
| 594918104 MICROSOFT CORP | $1.3M | 0.1% |
| 02079K305 ALPHABET INC/CA-CL A | $966,566 | 0.1% |
| 023135106 AMAZON COM INC | $840,483 | 0.1% |
| 30303M102 META PLATFORMS INC | $515,834 | 0.1% |
| 88160R101 TESLA INC | $468,858 | <0.1% |
| 11135F101 BROADCOM INC | $433,309 | <0.1% |
Largest other investments (line 13), as listed
| 233051432 XTRACKERS USD HIGH Y | $6.1M | 0.6% |
| 46090E103 INVESCO QQQ TRUST ET | $4M | 0.4% |
| 464287507 ISHARES CORE S&P MID | $2.3M | 0.2% |
| 97717X669 WISDOMTREE U.S. QUAL | $2.3M | 0.2% |
| 25434V807 DIMENSIONAL INTERNAT | $1.7M | 0.2% |
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 $38,682,600; recomputed $38,682,600.1; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $1,110,944; recomputed $1,110,943.62; 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 $37,571,656; recomputed $37,571,656; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $36,134,854 against a distributable amount of $37,571,656 (0.96×). |
| 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 | 717 listed holdings sum to Part II line 10b exactly; the largest is 66.3% 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 24 April 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. | $1,110,943 | Projected under the assumptions below |
| December 31, 2026 | Distributable amount for the year ending 31 December 2025, to be paid out | $37,571,656 | 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 $30,946,080, $7,736,520 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, $773652002; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $79924002.
- 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)
1f824391e5d1df59…· 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
47ae9704cb2c1632ae44ef7d431f142147a35f83209fb1bd2cb4d226ecedf35e · recomputed now, matchesreturn Form 990-PF, IRS object
202511149349102451, schema 2024v5.1 — the file as the IRS published it hashes to 06f52e1cd4f2a5b5…source file
202511149349102451_public.xml inside 2025_TEOS_XML_04A.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 47ae9704cb2c --fetcharithmetic
kernel@2026-09-15.1 · kernel proof 5677b43ba7511bb1…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 = 947989685 USD let mix_savings = share(1539449 USD, total_assets_fmv) let mix_government = share(4600730 USD, total_assets_fmv) let mix_stock = share(914782785 USD, total_assets_fmv) let mix_bonds = share(7404706 USD, total_assets_fmv) let mix_other = share(19662015 USD, total_assets_fmv) let net_noncharitable_assets = 773652002 USD let mir_filed = 38682600 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 79924002 USD let excise_filed = 1110944 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 37571656 USD let distributable_recomputed = 38682600 USD - 1110944 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 36134854 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 = [628986119 USD, 254032999 USD, 1539081 USD, 1295093 USD, 1273352 USD, 966566 USD, 840483 USD, 515834 USD, 468858 USD, 433309 USD, 347666 USD, 293405 USD, 251672 USD, 216234 USD, 211431 USD, 200510 USD, 197791 USD, 197304 USD, 195895 USD, 177981 USD, 171599 USD, 169215 USD, 168051 USD, 167559 USD, 165638 USD, 164929 USD, 162720 USD, 161820 USD, 161814 USD, 157764 USD, 157146 USD, 155176 USD, 150806 USD, 148380 USD, 147493 USD, 143944 USD, 141119 USD, 140587 USD, 132284 USD, 132231 USD, 132135 USD, 132060 USD, 132031 USD, 130438 USD, 124345 USD, 124296 USD, 120649 USD, 120546 USD, 117887 USD, 115753 USD, 113129 USD, 109063 USD, 107483 USD, 107441 USD, 104763 USD, 104408 USD, 104370 USD, 103995 USD, 102378 USD, 102169 USD, 100139 USD, 100089 USD, 95811 USD, 94715 USD, 94632 USD, 92623 USD, 90762 USD, 90110 USD, 89748 USD, 89649 USD, 89592 USD, 88996 USD, 88814 USD, 88167 USD, 88159 USD, 86833 USD, 86634 USD, 86358 USD, 85172 USD, 83696 USD, 83555 USD, 82329 USD, 81885 USD, 81504 USD, 81412 USD, 80567 USD, 80042 USD, 79786 USD, 79311 USD, 78494 USD, 78391 USD, 77631 USD, 76728 USD, 76125 USD, 76055 USD, 74661 USD, 74407 USD, 73860 USD, 73489 USD, 72941 USD, 72841 USD, 72278 USD, 71823 USD, 71702 USD, 71358 USD, 71299 USD, 70523 USD, 69283 USD, 69226 USD, 68693 USD, 68668 USD, 68399 USD, 67801 USD, 66988 USD, 66380 USD, 66076 USD, 65726 USD, 65422 USD, 65311 USD, 64908 USD, 64605 USD, 64589 USD, 64091 USD, 62096 USD, 61900 USD, 61734 USD, 61334 USD, 60958 USD, 60418 USD, 59947 USD, 59518 USD, 59321 USD, 59303 USD, 58741 USD, 57985 USD, 57235 USD, 57228 USD, 56718 USD, 56400 USD, 55988 USD, 55934 USD, 55894 USD, 55351 USD, 54642 USD, 54579 USD, 54385 USD, 54062 USD, 53686 USD, 53668 USD, 53647 USD, 53446 USD, 52466 USD, 52437 USD, 52098 USD, 52092 USD, 51036 USD, 50791 USD, 50789 USD, 50701 USD, 49587 USD, 49492 USD, 49162 USD, 49002 USD, 48886 USD, 48777 USD, 48757 USD, 48729 USD, 48629 USD, 48037 USD, 47946 USD, 47790 USD, 47606 USD, 47015 USD, 46741 USD, 46490 USD, 45980 USD, 45980 USD, 45625 USD, 45505 USD, 45414 USD, 45232 USD, 45192 USD, 44368 USD, 44316 USD, 43757 USD, 43664 USD, 42658 USD, 42442 USD, 42309 USD, 42055 USD, 41976 USD, 41866 USD, 41543 USD, 41326 USD, 41086 USD, 40995 USD, 40745 USD, 40739 USD, 40371 USD, 40079 USD, 39892 USD, 39832 USD, 39748 USD, 39587 USD, 39241 USD, 38932 USD, 38790 USD, 38715 USD, 38092 USD, 38057 USD, 38046 USD, 38043 USD, 37734 USD, 37670 USD, 37621 USD, 37570 USD, 37442 USD, 37232 USD, 37067 USD, 36357 USD, 36254 USD, 36188 USD, 36171 USD, 36081 USD, 35604 USD, 35346 USD, 34733 USD, 34657 USD, 34655 USD, 34649 USD, 34478 USD, 34455 USD, 33993 USD, 33914 USD, 33660 USD, 33625 USD, 33580 USD, 33351 USD, 33200 USD, 32767 USD, 32402 USD, 32014 USD, 31989 USD, 31980 USD, 31479 USD, 31479 USD, 31324 USD, 31291 USD, 31281 USD, 31008 USD, 30946 USD, 30683 USD, 30640 USD, 30608 USD, 30201 USD, 30092 USD, 30035 USD, 30022 USD, 30000 USD, 29816 USD, 29792 USD, 29790 USD, 29334 USD, 29008 USD, 28748 USD, 28666 USD, 28629 USD, 28526 USD, 28511 USD, 28446 USD, 28358 USD, 28212 USD, 28196 USD, 28138 USD, 27987 USD, 27811 USD, 27803 USD, 27773 USD, 27486 USD, 27453 USD, 27314 USD, 27231 USD, 27071 USD, 26876 USD, 26521 USD, 26520 USD, 26445 USD, 26421 USD, 26378 USD, 26314 USD, 26309 USD, 26157 USD, 26009 USD, 25996 USD, 25950 USD, 25874 USD, 25660 USD, 25627 USD, 25608 USD, 25564 USD, 25546 USD, 25376 USD, 25356 USD, 25202 USD, 25153 USD, 25089 USD, 25017 USD, 25010 USD, 24976 USD, 24932 USD, 24762 USD, 24751 USD, 24677 USD, 24604 USD, 24115 USD, 24080 USD, 23951 USD, 23914 USD, 23903 USD, 23529 USD, 23377 USD, 23181 USD, 22998 USD, 22968 USD, 22878 USD, 22877 USD, 22866 USD, 22579 USD, 22579 USD, 22510 USD, 22417 USD, 22362 USD, 22166 USD, 22164 USD, 22124 USD, 22079 USD, 22070 USD, 22010 USD, 21987 USD, 21820 USD, 21763 USD, 21718 USD, 21694 USD, 21620 USD, 21532 USD, 21510 USD, 21473 USD, 21444 USD, 21264 USD, 21234 USD, 21081 USD, 21057 USD, 20789 USD, 20786 USD, 20766 USD, 20650 USD, 20567 USD, 20444 USD, 20379 USD, 20335 USD, 20286 USD, 20239 USD, 20210 USD, 20187 USD, 20099 USD, 20017 USD, 19958 USD, 19720 USD, 19682 USD, 19673 USD, 19664 USD, 19616 USD, 19583 USD, 19581 USD, 19574 USD, 19525 USD, 19500 USD, 19458 USD, 19405 USD, 19396 USD, 19358 USD, 19327 USD, 19171 USD, 19102 USD, 19018 USD, 18957 USD, 18954 USD, 18811 USD, 18767 USD, 18612 USD, 18546 USD, 18431 USD, 18386 USD, 18375 USD, 18355 USD, 18062 USD, 17974 USD, 17875 USD, 17870 USD, 17833 USD, 17800 USD, 17596 USD, 17594 USD, 17530 USD, 17460 USD, 17406 USD, 17354 USD, 17256 USD, 17228 USD, 17204 USD, 16958 USD, 16939 USD, 16745 USD, 16580 USD, 16575 USD, 16478 USD, 16478 USD, 16466 USD, 16457 USD, 16447 USD, 16444 USD, 16442 USD, 16427 USD, 16383 USD, 16362 USD, 16269 USD, 16078 USD, 16028 USD, 16010 USD, 15990 USD, 15978 USD, 15973 USD, 15947 USD, 15885 USD, 15880 USD, 15831 USD, 15823 USD, 15783 USD, 15778 USD, … (9336 characters; the full program is in the body below)
{
"mix": [
{
"fmv": "1539449",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.00162390901964297217010330655655"
},
{
"fmv": "4600730",
"line": "government",
"label": "U.S. and state government obligations (line 10a)",
"share": "0.00485314352339181834030187786273"
},
{
"fmv": "914782785",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.964971243331619162079806807181"
},
{
"fmv": "7404706",
"line": "bonds",
"label": "Corporate bonds (line 10c)",
"share": "0.00781095629748334234248550921733"
},
{
"fmv": "19662015",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.0207407478278627050673024991828"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "236205505",
"name": "J E BARBEY 8 FBO TENACRE FDN"
},
"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": "38682600",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "-0.1",
"recomputed": "38682600.1"
},
{
"id": "excise_tax",
"note": null,
"filed": "1110944",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "0.3722",
"recomputed": "1110943.6278"
},
{
"id": "distributable_amount",
"note": null,
"filed": "37571656",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "37571656"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "79924002",
"grossInvestmentIncome": "80945527",
"netNoncharitableAssets": "773652002",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2024-12-31",
"days": 366,
"begin": "2024-01-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202511149349102451",
"returnTs": "2025-04-24T16:01:32-05:00",
"operating": false,
"sourceSha256": "06f52e1cd4f2a5b56b7521be4f6e0b3b66e64b011d3563283e4053c2e523a996",
"returnVersion": "2024v5.1",
"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 = 947989685 USD\nlet mix_savings = share(1539449 USD, total_assets_fmv)\nlet mix_government = share(4600730 USD, total_assets_fmv)\nlet mix_stock = share(914782785 USD, total_assets_fmv)\nlet mix_bonds = share(7404706 USD, total_assets_fmv)\nlet mix_other = share(19662015 USD, total_assets_fmv)\nlet net_noncharitable_assets = 773652002 USD\nlet mir_filed = 38682600 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 79924002 USD\nlet excise_filed = 1110944 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 37571656 USD\nlet distributable_recomputed = 38682600 USD - 1110944 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 36134854 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 = [628986119 USD, 254032999 USD, 1539081 USD, 1295093 USD, 1273352 USD, 966566 USD, 840483 USD, 515834 USD, 468858 USD, 433309 USD, 347666 USD, 293405 USD, 251672 USD, 216234 USD, 211431 USD, 200510 USD, 197791 USD, 197304 USD, 195895 USD, 177981 USD, 171599 USD, 169215 USD, 168051 USD, 167559 USD, 165638 USD, 164929 USD, 162720 USD, 161820 USD, 161814 USD, 157764 USD, 157146 USD, 155176 USD, 150806 USD, 148380 USD, 147493 USD, 143944 USD, 141119 USD, 140587 USD, 132284 USD, 132231 USD, 132135 USD, 132060 USD, 132031 USD, 130438 USD, 124345 USD, 124296 USD, 120649 USD, 120546 USD, 117887 USD, 115753 USD, 113129 USD, 109063 USD, 107483 USD, 107441 USD, 104763 USD, 104408 USD, 104370 USD, 103995 USD, 102378 USD, 102169 USD, 100139 USD, 100089 USD, 95811 USD, 94715 USD, 94632 USD, 92623 USD, 90762 USD, 90110 USD, 89748 USD, 89649 USD, 89592 USD, 88996 USD, 88814 USD, 88167 USD, 88159 USD, 86833 USD, 86634 USD, 86358 USD, 85172 USD, 83696 USD, 83555 USD, 82329 USD, 81885 USD, 81504 USD, 81412 USD, 80567 USD, 80042 USD, 79786 USD, 79311 USD, 78494 USD, 78391 USD, 77631 USD, 76728 USD, 76125 USD, 76055 USD, 74661 USD, 74407 USD, 73860 USD, 73489 USD, 72941 USD, 72841 USD, 72278 USD, 71823 USD, 71702 USD, 71358 USD, 71299 USD, 70523 USD, 69283 USD, 69226 USD, 68693 USD, 68668 USD, 68399 USD, 67801 USD, 66988 USD, 66380 USD, 66076 USD, 65726 USD, 65422 USD, 65311 USD, 64908 USD, 64605 USD, 64589 USD, 64091 USD, 62096 USD, 61900 USD, 61734 USD, 61334 USD, 60958 USD, 60418 USD, 59947 USD, 59518 USD, 59321 USD, 59303 USD, 58741 USD, 57985 USD, 57235 USD, 57228 USD, 56718 USD, 56400 USD, 55988 USD, 55934 USD, 55894 USD, 55351 USD, 54642 USD, 54579 USD, 54385 USD, 54062 USD, 53686 USD, 53668 USD, 53647 USD, 53446 USD, 52466 USD, 52437 USD, 52098 USD, 52092 USD, 51036 USD, 50791 USD, 50789 USD, 50701 USD, 49587 USD, 49492 USD, 49162 USD, 49002 USD, 48886 USD, 48777 USD, 48757 USD, 48729 USD, 48629 USD, 48037 USD, 47946 USD, 47790 USD, 47606 USD, 47015 USD, 46741 USD, 46490 USD, 45980 USD, 45980 USD, 45625 USD, 45505 USD, 45414 USD, 45232 USD, 45192 USD, 44368 USD, 44316 USD, 43757 USD, 43664 USD, 42658 USD, 42442 USD, 42309 USD, 42055 USD, 41976 USD, 41866 USD, 41543 USD, 41326 USD, 41086 USD, 40995 USD, 40745 USD, 40739 USD, 40371 USD, 40079 USD, 39892 USD, 39832 USD, 39748 USD, 39587 USD, 39241 USD, 38932 USD, 38790 USD, 38715 USD, 38092 USD, 38057 USD, 38046 USD, 38043 USD, 37734 USD, 37670 USD, 37621 USD, 37570 USD, 37442 USD, 37232 USD, 37067 USD, 36357 USD, 36254 USD, 36188 USD, 36171 USD, 36081 USD, 35604 USD, 35346 USD, 34733 USD, 34657 USD, 34655 USD, 34649 USD, 34478 USD, 34455 USD, 33993 USD, 33914 USD, 33660 USD, 33625 USD, 33580 USD, 33351 USD, 33200 USD, 32767 USD, 32402 USD, 32014 USD, 31989 USD, 31980 USD, 31479 USD, 31479 USD, 31324 USD, 31291 USD, 31281 USD, 31008 USD, 30946 USD, 30683 USD, 30640 USD, 30608 USD, 30201 USD, 30092 USD, 30035 USD, 30022 USD, 30000 USD, 29816 USD, 29792 USD, 29790 USD, 29334 USD, 29008 USD, 28748 USD, 28666 USD, 28629 USD, 28526 USD, 28511 USD, 28446 USD, 28358 USD, 28212 USD, 28196 USD, 28138 USD, 27987 USD, 27811 USD, 27803 USD, 27773 USD, 27486 USD, 27453 USD, 27314 USD, 27231 USD, 27071 USD, 26876 USD, 26521 USD, 26520 USD, 26445 USD, 26421 USD, 26378 USD, 26314 USD, 26309 USD, 26157 USD, 26009 USD, 25996 USD, 25950 USD, 25874 USD, 25660 USD, 25627 USD, 25608 USD, 25564 USD, 25546 USD, 25376 USD, 25356 USD, 25202 USD, 25153 USD, 25089 USD, 25017 USD, 25010 USD, 24976 USD, 24932 USD, 24762 USD, 24751 USD, 24677 USD, 24604 USD, 24115 USD, 24080 USD, 23951 USD, 23914 USD, 23903 USD, 23529 USD, 23377 USD, 23181 USD, 22998 USD, 22968 USD, 22878 USD, 22877 USD, 22866 USD, 22579 USD, 22579 USD, 22510 USD, 22417 USD, 22362 USD, 22166 USD, 22164 USD, 22124 USD, 22079 USD, 22070 USD, 22010 USD, 21987 USD, 21820 USD, 21763 USD, 21718 USD, 21694 USD, 21620 USD, 21532 USD, 21510 USD, 21473 USD, 21444 USD, 21264 USD, 21234 USD, 21081 USD, 21057 USD, 20789 USD, 20786 USD, 20766 USD, 20650 USD, 20567 USD, 20444 USD, 20379 USD, 20335 USD, 20286 USD, 20239 USD, 20210 USD, 20187 USD, 20099 USD, 20017 USD, 19958 USD, 19720 USD, 19682 USD, 19673 USD, 19664 USD, 19616 USD, 19583 USD, 19581 USD, 19574 USD, 19525 USD, 19500 USD, 19458 USD, 19405 USD, 19396 USD, 19358 USD, 19327 USD, 19171 USD, 19102 USD, 19018 USD, 18957 USD, 18954 USD, 18811 USD, 18767 USD, 18612 USD, 18546 USD, 18431 USD, 18386 USD, 18375 USD, 18355 USD, 18062 USD, 17974 USD, 17875 USD, 17870 USD, 17833 USD, 17800 USD, 17596 USD, 17594 USD, 17530 USD, 17460 USD, 17406 USD, 17354 USD, 17256 USD, 17228 USD, 17204 USD, 16958 USD, 16939 USD, 16745 USD, 16580 USD, 16575 USD, 16478 USD, 16478 USD, 16466 USD, 16457 USD, 16447 USD, 16444 USD, 16442 USD, 16427 USD, 16383 USD, 16362 USD, 16269 USD, 16078 USD, 16028 USD, 16010 USD, 15990 USD, 15978 USD, 15973 USD, 15947 USD, 15885 USD, 15880 USD, 15831 USD, 15823 USD, 15783 USD, 15778 USD, 15600 USD, 15596 USD, 15469 USD, 15366 USD, 15347 USD, 15262 USD, 15236 USD, 15223 USD, 14865 USD, 14812 USD, 14801 USD, 14758 USD, 14751 USD, 14601 USD, 14499 USD, 14475 USD, 14461 USD, 14452 USD, 14248 USD, 14134 USD, 14103 USD, 14099 USD, 14060 USD, 14005 USD, 13999 USD, 13997 USD, 13897 USD, 13856 USD, 13781 USD, 13763 USD, 13623 USD, 13616 USD, 13596 USD, 13573 USD, 13530 USD, 13470 USD, 13450 USD, 13450 USD, 13386 USD, 13355 USD, 13249 USD, 13244 USD, 13224 USD, 13154 USD, 13071 USD, 13021 USD, 13015 USD, 12991 USD, 12986 USD, 12969 USD, 12949 USD, 12944 USD, 12928 USD, 12860 USD, 12769 USD, 12751 USD, 12737 USD, 12619 USD, 12533 USD, 12426 USD, 12360 USD, 12349 USD, 12182 USD, 12015 USD, 11982 USD, 11836 USD, 11800 USD, 11766 USD, 11710 USD, 11577 USD, 11497 USD, 11348 USD, 11304 USD, 11180 USD, 11097 USD, 10867 USD, 10864 USD, 10826 USD, 10555 USD, 10528 USD, 10466 USD, 10438 USD, 10267 USD, 10160 USD, 10154 USD, 10148 USD, 10131 USD, 10069 USD, 10014 USD, 9778 USD, 9746 USD, 9664 USD, 9656 USD, 9616 USD, 9604 USD, 9415 USD, 9347 USD, 9249 USD, 9099 USD, 9094 USD, 9066 USD, 8997 USD, 8988 USD, 8912 USD, 8900 USD, 8876 USD, 8840 USD, 8817 USD, 8812 USD, 8719 USD, 8675 USD, 8664 USD, 8555 USD, 8550 USD, 8347 USD, 8343 USD, 8297 USD, 8186 USD, 8179 USD, 8097 USD, 8040 USD, 8003 USD, 7976 USD, 7890 USD, 7855 USD, 7741 USD, 7699 USD, 7676 USD, 7665 USD, 7643 USD, 7634 USD, 7571 USD, 7484 USD, 7451 USD, 7404 USD, 7276 USD, 7258 USD, 7241 USD, 7220 USD, 7213 USD, 7190 USD, 7021 USD, 6985 USD, 6982 USD, 6952 USD, 6948 USD, 6937 USD, 6804 USD, 6785 USD, 6644 USD, 6496 USD, 6487 USD, 6472 USD, 6464 USD, 6456 USD, 6330 USD, 6256 USD, 6193 USD, 6144 USD, 6029 USD, 5891 USD, 5713 USD, 5711 USD, 5687 USD, 5681 USD, 5658 USD, 5631 USD, 5626 USD, 5524 USD, 5394 USD, 5290 USD, 5006 USD, 4944 USD, 4887 USD, 4877 USD, 4630 USD, 4587 USD, 4282 USD, 4121 USD, 4107 USD, 4073 USD, 4000 USD, 3940 USD, 3653 USD, 3592 USD, 3566 USD, 3318 USD, 3292 USD, 3221 USD, 3115 USD, 3047 USD, 3030 USD, 2722 USD, 2691 USD, 2639 USD, 2609 USD, 2608 USD, 2566 USD, 2457 USD, 2445 USD, 2418 USD, 2387 USD, 2345 USD, 2333 USD, 2328 USD, 2311 USD, 2230 USD, 2197 USD, 2162 USD, 2120 USD, 2037 USD, 1985 USD, 1911 USD, 1839 USD, 1745 USD, 1715 USD, 1702 USD, 1701 USD, 1570 USD, 1505 USD, 1494 USD, 1425 USD, 1396 USD, 1395 USD, 1393 USD, 1362 USD, 1347 USD, 1336 USD, 1329 USD, 1294 USD, 1243 USD, 1241 USD, 1230 USD, 1209 USD, 1166 USD, 1118 USD, 1090 USD, 1080 USD, 1038 USD, 1020 USD, 1017 USD, 1013 USD, 1009 USD, 979 USD, 967 USD, 958 USD, 935 USD, 916 USD, 911 USD, 858 USD, 854 USD, 809 USD, 788 USD, 775 USD, 769 USD, 759 USD, 748 USD, 747 USD, 740 USD, 740 USD, 725 USD, 721 USD, 688 USD, 685 USD, 674 USD, 644 USD, 638 USD, 618 USD, 589 USD, 586 USD, 556 USD, 551 USD, 542 USD, 539 USD, 527 USD, 521 USD, 503 USD, 143 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([628986119 USD, 254032999 USD, 1539081 USD, 1295093 USD, 1273352 USD, 966566 USD, 840483 USD, 515834 USD, 468858 USD, 433309 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": "38682600 USD",
"mix_bonds": "0.00781095629748334234248550921733",
"mix_other": "0.0207407478278627050673024991828",
"mix_stock": "0.964971243331619162079806807181",
"mix_savings": "0.00162390901964297217010330655655",
"payout_rate": "0.0467068577429985116228006607033",
"stock_count": "717",
"excise_filed": "1110944 USD",
"largest_stock": "628986119 USD",
"mir_difference": "-0.1 USD",
"mir_recomputed": "38682600.1 USD",
"mix_government": "0.00485314352339181834030187786273",
"payout_coverage": "0.96175835315856186908556812082",
"total_assets_fmv": "947989685 USD",
"excise_difference": "0.3722 USD",
"excise_recomputed": "1110943.6278 USD",
"distributable_filed": "37571656 USD",
"stock_concentration": "0.549893894961213792093909301219",
"top10_share_of_stock": "0.973293014035020346387476017053",
"net_investment_income": "79924002 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "37571656 USD",
"effective_stock_holdings": "1.81853264632176719347693315859",
"net_noncharitable_assets": "773652002 USD",
"qualifying_distributions": "36134854 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.663494686653684422737152461738",
"largest_stock_halved_share_of_assets": "0.331747343326842211368576230869"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "628986119",
"name": "918204108 V-F CORP",
"shareOfAssets": "0.663494686653684422737152461738"
},
{
"fmv": "254032999",
"name": "50050N103 KONTOOR BRANDS INC -",
"shareOfAssets": "0.267970214253966276014912546227"
},
{
"fmv": "1539081",
"name": "037833100 APPLE INC",
"shareOfAssets": "0.00162352082976514665346807017209"
},
{
"fmv": "1295093",
"name": "67066G104 NVIDIA CORP",
"shareOfAssets": "0.00136614672131163536869074688297"
},
{
"fmv": "1273352",
"name": "594918104 MICROSOFT CORP",
"shareOfAssets": "0.00134321292746977515899869733287"
},
{
"fmv": "966566",
"name": "02079K305 ALPHABET INC/CA-CL A",
"shareOfAssets": "0.00101959548220189758710296515515"
},
{
"fmv": "840483",
"name": "023135106 AMAZON COM INC",
"shareOfAssets": "0.000886595089903325266666799227884"
},
{
"fmv": "515834",
"name": "30303M102 META PLATFORMS INC",
"shareOfAssets": "0.000544134612603933554403600921037"
},
{
"fmv": "468858",
"name": "88160R101 TESLA INC",
"shareOfAssets": "0.000494581330808467604792556366265"
},
{
"fmv": "433309",
"name": "11135F101 BROADCOM INC",
"shareOfAssets": "0.000457081977637763010047941608141"
}
],
"count": 717,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "5677b43ba7511bb1ca11dc138fc54f0612514fe1315a9c12ea20ce0159d5e62d",
"otherInvestments": [
{
"fmv": "6118699",
"name": "233051432 XTRACKERS USD HIGH Y",
"shareOfAssets": "0.00645439406864432285463106067446"
},
{
"fmv": "4035138",
"name": "46090E103 INVESCO QQQ TRUST ET",
"shareOfAssets": "0.00425652099790516180563715732835"
},
{
"fmv": "2271449",
"name": "464287507 ISHARES CORE S&P MID",
"shareOfAssets": "0.00239606932010024982497567998327"
},
{
"fmv": "2253415",
"name": "97717X669 WISDOMTREE U.S. QUAL",
"shareOfAssets": "0.00237704590635920263204129694723"
},
{
"fmv": "1749058",
"name": "25434V807 DIMENSIONAL INTERNAT",
"shareOfAssets": "0.00184501796556995237769913076639"
}
]
}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.