Sealed proof · filed Form 990-PF

THE DAVIS & SMITH FAMILY FOUNDATION INC

EIN 84-3207370, 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 DAVIS & SMITH FAMILY FOUNDATION INC. 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 16, 2026.

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 distributions1.41×

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 rate6.9%

of net noncharitable-use assets; the legal test is the distributable amount, not this rate

Assets at fair market value$27.6M

end of the tax year, Part II

Largest listed stock15.6%

ISHARES RUSSELL MID-CAP ETF

If that stock halved−7.8%

of total assets, from that one name

Keep This Record

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 DAVIS & SMITH FAMILY FOUNDATION INC · Form 990-PF, year ended December 31, 2025checking

Minimum investment return (the 5% figure)Excise tax on investment incomeDistributable amount (what had to be paid out)Qualifying distributions (what was paid out)

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/4ff94151ff29 — it fits on a printed page, and whoever opens it can run the same check.

The return’s own arithmetic, re-done

Each line as filed and as recomputed
Line	As filed	Recomputed	Result
Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)	$1,296,470	$1,296,469.5	recomputes, within the form's whole-dollar rounding (difference $0.5)
Excise tax: 1.39% of net investment income (Part V line 1)	$30,240	$30,239.6168	recomputes, within the form's whole-dollar rounding (difference $0.3832)
Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)	$1,266,230	$1,266,230	recomputes exactly

Where the assets sit, at fair market value

Assets by Part II line, at fair market value
Part II line	Fair market value	Share of assets
Cash (line 1)	$19,419	0.1%
Savings and temporary cash investments (line 2)	$1.3M	4.8%
U.S. and state government obligations (line 10a)	$1.5M	5.5%
Corporate stock (line 10b)	$22M	79.6%
Corporate bonds (line 10c)	$2.7M	9.9%

The ten largest listed stocks, of 137 on the schedule

The schedule ties to Part II line 10b exactly. It behaves like 18.3 equal holdings; the ten largest are 50.6% of the listed stock.

The ten largest listed stocks
Stock, as listed	Fair market value	Share of assets
ISHARES RUSSELL MID-CAP ETF	$4.3M	15.6%
ISHARES RUSSELL 2000 ETF	$1.3M	4.8%
VANGUARD FTSE DEVELOPED MARKETS	$1.3M	4.6%
NVIDIA CORP	$714,482	2.6%
HARTFORD SCHRODERS	$670,760	2.4%
ISHARES INC CORE MSCI	$631,868	2.3%
APPLE INC	$574,712	2.1%
BROADCOM INC	$553,414	2.0%
VANGUARD GROWTH	$535,670	1.9%
MICROSOFT CORP	$534,400	1.9%

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 $1,296,470; recomputed $1,296,469.5; agrees within the form's whole-dollar rounding.
Excise tax	Part V line 1 against 1.39% of net investment income	agrees	Filed $30,240; recomputed $30,239.61; 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 $1,266,230; recomputed $1,266,230; agrees to the dollar.
Payout coverage	Part XI total against Part X line 7	reported	Qualifying distributions $1,783,687 against a distributable amount of $1,266,230 (1.41×).
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	137 listed holdings sum to Part II line 10b exactly; the largest is 15.6% 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 16 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.

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 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)	$30,239	Projected under the assumptions below
December 31, 2027	Distributable amount for the year ending 31 December 2026, to be paid out	$1,266,229	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 $1,037,175, $259,293 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, $25929390; the thirteen-month average is not observable from a filing.
Net investment income for that year equals this return's, $2175512.
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) b773da4c259da1a3… · 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.

Walk through it with a person →

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 4ff94151ff2936bb80d69de33b94614ccf4adcc5e91ffe8f8c092c0507ce0419 · recomputed now, matches

return Form 990-PF, IRS object 202601979349100420, schema 2025v4.2 — the file as the IRS published it hashes to f979be89d59cbcb8…

source file 202601979349100420_public.xml inside 2026_TEOS_XML_07A.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 4ff94151ff29 --fetch

arithmetic kernel@2026-09-15.1 · kernel proof 68e5bc7bfff82104…

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 superseded

This 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.

Check It at /verifyKeep This Record

The program, and the full body that was hashed

let total_assets_fmv = 27595355 USD
let mix_cash = share(19419 USD, total_assets_fmv)
let mix_savings = share(1333920 USD, total_assets_fmv)
let mix_government = share(1523288 USD, total_assets_fmv)
let mix_stock = share(21974722 USD, total_assets_fmv)
let mix_bonds = share(2744006 USD, total_assets_fmv)
let net_noncharitable_assets = 25929390 USD
let mir_filed = 1296470 USD
let mir_recomputed = net_noncharitable_assets * 5%
let mir_difference = mir_filed - mir_recomputed
let net_investment_income = 2175512 USD
let excise_filed = 30240 USD
let excise_recomputed = net_investment_income * 1.39%
let excise_difference = excise_filed - excise_recomputed
let distributable_filed = 1266230 USD
let distributable_recomputed = 1296470 USD - 30240 USD + 0 USD - 0 USD
let distributable_difference = distributable_filed - distributable_recomputed
let qualifying_distributions = 1783687 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 = [4308083 USD, 1320648 USD, 1278199 USD, 714482 USD, 670760 USD, 631868 USD, 574712 USD, 553414 USD, 535670 USD, 534400 USD, 495792 USD, 445612 USD, 434760 USD, 338215 USD, 321763 USD, 258942 USD, 252408 USD, 208128 USD, 203619 USD, 199132 USD, 196047 USD, 186909 USD, 185770 USD, 176527 USD, 169806 USD, 169544 USD, 157469 USD, 147387 USD, 141390 USD, 135278 USD, 132992 USD, 131714 USD, 131192 USD, 123554 USD, 110957 USD, 106068 USD, 101446 USD, 100818 USD, 100492 USD, 99401 USD, 96555 USD, 96189 USD, 94043 USD, 92942 USD, 92213 USD, 90154 USD, 87627 USD, 87444 USD, 84400 USD, 82402 USD, 81540 USD, 81346 USD, 81053 USD, 80075 USD, 79182 USD, 77558 USD, 76106 USD, 75851 USD, 75123 USD, 74520 USD, 73257 USD, 72636 USD, 71119 USD, 68163 USD, 67935 USD, 67800 USD, 67705 USD, 65990 USD, 65079 USD, 64401 USD, 63812 USD, 62390 USD, 62279 USD, 61854 USD, 59689 USD, 58312 USD, 54888 USD, 53332 USD, 51842 USD, 51379 USD, 51192 USD, 51040 USD, 50102 USD, 48229 USD, 46215 USD, 45756 USD, 45296 USD, 42841 USD, 42766 USD, 42454 USD, 42440 USD, 42349 USD, 41955 USD, 40926 USD, 40637 USD, 40365 USD, 39687 USD, 39057 USD, 36317 USD, 36257 USD, 36147 USD, 35933 USD, 35383 USD, 35313 USD, 34968 USD, 34891 USD, 34760 USD, 34445 USD, 34026 USD, 33681 USD, 33209 USD, 32852 USD, 31916 USD, 31680 USD, 31274 USD, 31195 USD, 30945 USD, 30908 USD, 30596 USD, 30322 USD, 30313 USD, 30274 USD, 29362 USD, 29321 USD, 29099 USD, 28835 USD, 26538 USD, 25657 USD, 24531 USD, 24146 USD, 21820 USD, 20686 USD, 19775 USD, 19375 USD, 19074 USD, 18672 USD, 11366 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([4308083 USD, 1320648 USD, 1278199 USD, 714482 USD, 670760 USD, 631868 USD, 574712 USD, 553414 USD, 535670 USD, 534400 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": "19419",
      "line": "cash",
      "label": "Cash (line 1)",
      "share": "0.00070370538809883040098596303617"
    },
    {
      "fmv": "1333920",
      "line": "savings",
      "label": "Savings and temporary cash investments (line 2)",
      "share": "0.0483385700238319093919973125912"
    },
    {
      "fmv": "1523288",
      "line": "government",
      "label": "U.S. and state government obligations (line 10a)",
      "share": "0.0552008843517323839465011412247"
    },
    {
      "fmv": "21974722",
      "line": "stock",
      "label": "Corporate stock (line 10b)",
      "share": "0.796319597990313949575934065715"
    },
    {
      "fmv": "2744006",
      "line": "bonds",
      "label": "Corporate bonds (line 10c)",
      "share": "0.0994372422460229266845815174329"
    }
  ],
  "kind": "public-filing-990pf",
  "lens": "AXIOM",
  "build": {
    "commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
    "digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
  },
  "filer": {
    "ein": "843207370",
    "name": "THE DAVIS & SMITH FAMILY FOUNDATION INC"
  },
  "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": "1296470",
      "label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
      "verdict": "rounding",
      "difference": "0.5",
      "recomputed": "1296469.5"
    },
    {
      "id": "excise_tax",
      "note": null,
      "filed": "30240",
      "label": "Excise tax: 1.39% of net investment income (Part V line 1)",
      "verdict": "rounding",
      "difference": "0.3832",
      "recomputed": "30239.6168"
    },
    {
      "id": "distributable_amount",
      "note": null,
      "filed": "1266230",
      "label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
      "verdict": "exact",
      "difference": "0",
      "recomputed": "1266230"
    }
  ],
  "engine": "kernel@2026-09-15.1",
  "source": {
    "form": "990-PF",
    "lines": {
      "netInvestmentIncome": "2175512",
      "grossInvestmentIncome": "2336179",
      "netNoncharitableAssets": "25929390",
      "undistributedCurrentYear": "0"
    },
    "period": {
      "end": "2025-12-31",
      "days": 365,
      "begin": "2025-01-01"
    },
    "amended": false,
    "foreign": {
      "organization": false,
      "meets85PctTest": false
    },
    "objectId": "202601979349100420",
    "returnTs": "2026-07-16T15:06:51-05:00",
    "operating": false,
    "sourceSha256": "f979be89d59cbcb83c2a321a43568c30e5e78e19d35d4ad052f91722dd1a8dea",
    "returnVersion": "2025v4.2",
    "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 = 27595355 USD\nlet mix_cash = share(19419 USD, total_assets_fmv)\nlet mix_savings = share(1333920 USD, total_assets_fmv)\nlet mix_government = share(1523288 USD, total_assets_fmv)\nlet mix_stock = share(21974722 USD, total_assets_fmv)\nlet mix_bonds = share(2744006 USD, total_assets_fmv)\nlet net_noncharitable_assets = 25929390 USD\nlet mir_filed = 1296470 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 2175512 USD\nlet excise_filed = 30240 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 1266230 USD\nlet distributable_recomputed = 1296470 USD - 30240 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 1783687 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 = [4308083 USD, 1320648 USD, 1278199 USD, 714482 USD, 670760 USD, 631868 USD, 574712 USD, 553414 USD, 535670 USD, 534400 USD, 495792 USD, 445612 USD, 434760 USD, 338215 USD, 321763 USD, 258942 USD, 252408 USD, 208128 USD, 203619 USD, 199132 USD, 196047 USD, 186909 USD, 185770 USD, 176527 USD, 169806 USD, 169544 USD, 157469 USD, 147387 USD, 141390 USD, 135278 USD, 132992 USD, 131714 USD, 131192 USD, 123554 USD, 110957 USD, 106068 USD, 101446 USD, 100818 USD, 100492 USD, 99401 USD, 96555 USD, 96189 USD, 94043 USD, 92942 USD, 92213 USD, 90154 USD, 87627 USD, 87444 USD, 84400 USD, 82402 USD, 81540 USD, 81346 USD, 81053 USD, 80075 USD, 79182 USD, 77558 USD, 76106 USD, 75851 USD, 75123 USD, 74520 USD, 73257 USD, 72636 USD, 71119 USD, 68163 USD, 67935 USD, 67800 USD, 67705 USD, 65990 USD, 65079 USD, 64401 USD, 63812 USD, 62390 USD, 62279 USD, 61854 USD, 59689 USD, 58312 USD, 54888 USD, 53332 USD, 51842 USD, 51379 USD, 51192 USD, 51040 USD, 50102 USD, 48229 USD, 46215 USD, 45756 USD, 45296 USD, 42841 USD, 42766 USD, 42454 USD, 42440 USD, 42349 USD, 41955 USD, 40926 USD, 40637 USD, 40365 USD, 39687 USD, 39057 USD, 36317 USD, 36257 USD, 36147 USD, 35933 USD, 35383 USD, 35313 USD, 34968 USD, 34891 USD, 34760 USD, 34445 USD, 34026 USD, 33681 USD, 33209 USD, 32852 USD, 31916 USD, 31680 USD, 31274 USD, 31195 USD, 30945 USD, 30908 USD, 30596 USD, 30322 USD, 30313 USD, 30274 USD, 29362 USD, 29321 USD, 29099 USD, 28835 USD, 26538 USD, 25657 USD, 24531 USD, 24146 USD, 21820 USD, 20686 USD, 19775 USD, 19375 USD, 19074 USD, 18672 USD, 11366 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([4308083 USD, 1320648 USD, 1278199 USD, 714482 USD, 670760 USD, 631868 USD, 574712 USD, 553414 USD, 535670 USD, 534400 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": "0.00070370538809883040098596303617",
    "mir_filed": "1296470 USD",
    "mix_bonds": "0.0994372422460229266845815174329",
    "mix_stock": "0.796319597990313949575934065715",
    "mix_savings": "0.0483385700238319093919973125912",
    "payout_rate": "0.0687901643656098350173297559256",
    "stock_count": "137",
    "excise_filed": "30240 USD",
    "largest_stock": "4308083 USD",
    "mir_difference": "0.5 USD",
    "mir_recomputed": "1296469.5 USD",
    "mix_government": "0.0552008843517323839465011412247",
    "payout_coverage": "1.40865956421819100795274160303",
    "total_assets_fmv": "27595355 USD",
    "excise_difference": "0.3832 USD",
    "excise_recomputed": "30239.6168 USD",
    "distributable_filed": "1266230 USD",
    "stock_concentration": "0.0545050880275080564931285936034",
    "top10_share_of_stock": "0.50613773407463357215622568513",
    "net_investment_income": "2175512 USD",
    "distributable_difference": "0 USD",
    "distributable_recomputed": "1266230 USD",
    "effective_stock_holdings": "18.34691101673502729281437919",
    "net_noncharitable_assets": "25929390 USD",
    "qualifying_distributions": "1783687 USD",
    "undistributed_to_next_year": "0 USD",
    "largest_stock_share_of_assets": "0.156116237678406383972954868673",
    "largest_stock_halved_share_of_assets": "0.0780581188392031919864774343363"
  },
  "version": 2,
  "holdings": {
    "tie": "exact",
    "top": [
      {
        "fmv": "4308083",
        "name": "ISHARES RUSSELL MID-CAP ETF",
        "shareOfAssets": "0.156116237678406383972954868673"
      },
      {
        "fmv": "1320648",
        "name": "ISHARES RUSSELL 2000 ETF",
        "shareOfAssets": "0.0478576195160381158350744174155"
      },
      {
        "fmv": "1278199",
        "name": "VANGUARD FTSE DEVELOPED MARKETS",
        "shareOfAssets": "0.0463193533839300128590481985102"
      },
      {
        "fmv": "714482",
        "name": "NVIDIA CORP",
        "shareOfAssets": "0.0258913864307960524515810722493"
      },
      {
        "fmv": "670760",
        "name": "HARTFORD SCHRODERS",
        "shareOfAssets": "0.0243069893465766249428572308637"
      },
      {
        "fmv": "631868",
        "name": "ISHARES INC CORE MSCI",
        "shareOfAssets": "0.0228976217193074704057983671527"
      },
      {
        "fmv": "574712",
        "name": "APPLE INC",
        "shareOfAssets": "0.0208264035740797681348908176757"
      },
      {
        "fmv": "553414",
        "name": "BROADCOM INC",
        "shareOfAssets": "0.0200546070162895168407871542149"
      },
      {
        "fmv": "535670",
        "name": "VANGUARD GROWTH",
        "shareOfAssets": "0.0194116002493897976670349049686"
      },
      {
        "fmv": "534400",
        "name": "MICROSOFT CORP",
        "shareOfAssets": "0.0193655780112268894529532234682"
      }
    ],
    "count": 137,
    "schedule": "Corporate stock (line 10b)"
  },
  "refusals": [],
  "blankLines": [],
  "kernelProof": "68e5bc7bfff82104720a05a405857cf5d3464ee8d61295f5530e3659bcf9d9eb",
  "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.