Sealed proof · filed Form 990-PF
MICHAEL AND RENEE MINOGUE FOUNDATION C/O NUTTER MCCLENNEN & FISH LLP
EIN 47-7045385, 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 MICHAEL AND RENEE MINOGUE 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 September 11, 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 distributions2.30×
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 rate11.4%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$22.5M
end of the tax year, Part II
Largest listed stock17.4%
VANGUARD VALUE ETF
If that stock halved−8.7%
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
MICHAEL AND RENEE MINOGUE FOUNDATION C/O NUTTER MCCLENNEN & FISH LLP · 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/5450b170a21b — 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) | $1,016,362 | $1,016,361.55 | recomputes, within the form's whole-dollar rounding (difference $0.45) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $8,235 | $8,234.5546 | recomputes, within the form's whole-dollar rounding (difference $0.4454) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $1,008,127 | $1,008,127 | 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) | $2.4M | 10.8% |
| Corporate stock (line 10b) | $16.7M | 74.3% |
| Land and buildings held as investments (line 11) | $675,000 | 3.0% |
| Other investments (line 13) | $2.7M | 11.9% |
The ten largest listed stocks, of 371 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 8.2 equal holdings; the ten largest are 84.3% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| VANGUARD VALUE ETF | $3.9M | 17.4% |
| VANGUARD GROWTH ETF | $3.4M | 15.0% |
| ISHARES TR CORE MSCI EAF | $1.6M | 7.1% |
| NVIDIA | $1.3M | 6.0% |
| ISHARES INC CORE MSCI | $925,965 | 4.1% |
| VANGUARD SMALL CAP VALUE ETF | $723,555 | 3.2% |
| VANGUARD SMALL CAP GROWTH ETF | $605,770 | 2.7% |
| VANGUARD SHORT-TERM CORPORATE BOND | $575,558 | 2.6% |
| ISHARES MBS ETF | $564,657 | 2.5% |
| VANGUARD INTERM-TERM GOVT BD | $460,984 | 2.0% |
Largest other investments (line 13), as listed
| HAMILTON LANE PRIVATE ASSETS FUND CLASS I | $665,790 | 3.0% |
| NB PRIVATE MARKETS ACCESS FUND | $626,539 | 2.8% |
| PARTNERS GROUP PRIVATE EQUITY MASTER FUND | $605,096 | 2.7% |
| BLACKSTONE REAL ESTATE INCOME TRUST INC | $250,351 | 1.1% |
| MISSION CREST MACRO FUND LTD. | $210,956 | 0.9% |
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 $1,016,362; recomputed $1,016,361.55; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $8,235; recomputed $8,234.55; 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 $1,008,127; recomputed $1,008,127; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $2,320,417 against a distributable amount of $1,008,127 (2.30×). |
| 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 | 371 listed holdings sum to Part II line 10b exactly; the largest is 17.4% 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 11 September 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. | $8,234 | Projected under the assumptions below |
| December 31, 2026 | Distributable amount for the year ending 31 December 2025, to be paid out | $1,008,126 | 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 $813,089, $203,272 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, $20327231; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $592414.
- 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)
8ebbb78a9c9c8291…· 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
5450b170a21b9f4517324c6805bcb5e3afaad92bfb0574da26fbb4206bdf99cf · recomputed now, matchesreturn Form 990-PF, IRS object
202512549349100821, schema 2024v5.2 — the file as the IRS published it hashes to 36c3d0abe4805b69…source file
202512549349100821_public.xml inside 2025_TEOS_XML_09A.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 5450b170a21b --fetcharithmetic
kernel@2026-09-15.1 · kernel proof a26597b911698d49…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 = 22527462 USD let mix_savings = share(2423180 USD, total_assets_fmv) let mix_stock = share(16737650 USD, total_assets_fmv) let mix_land = share(675000 USD, total_assets_fmv) let mix_other = share(2691632 USD, total_assets_fmv) let net_noncharitable_assets = 20327231 USD let mir_filed = 1016362 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 592414 USD let excise_filed = 8235 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 1008127 USD let distributable_recomputed = 1016362 USD - 8235 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 2320417 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 = [3930807 USD, 3380384 USD, 1601611 USD, 1342900 USD, 925965 USD, 723555 USD, 605770 USD, 575558 USD, 564657 USD, 460984 USD, 402591 USD, 373095 USD, 323655 USD, 142736 USD, 94909 USD, 85543 USD, 81771 USD, 70749 USD, 52434 USD, 48899 USD, 31618 USD, 29884 USD, 27821 USD, 27259 USD, 23571 USD, 22662 USD, 19177 USD, 16212 USD, 12741 USD, 12111 USD, 11693 USD, 11384 USD, 10995 USD, 10696 USD, 9105 USD, 8947 USD, 8707 USD, 7966 USD, 7832 USD, 7355 USD, 7163 USD, 6786 USD, 6508 USD, 5916 USD, 5861 USD, 5726 USD, 5701 USD, 5625 USD, 5506 USD, 5478 USD, 5429 USD, 5316 USD, 5301 USD, 5277 USD, 5195 USD, 5128 USD, 4968 USD, 4891 USD, 4879 USD, 4837 USD, 4814 USD, 4749 USD, 4723 USD, 4555 USD, 4397 USD, 4373 USD, 4353 USD, 4301 USD, 4249 USD, 4234 USD, 4159 USD, 4058 USD, 4058 USD, 4050 USD, 4009 USD, 3924 USD, 3894 USD, 3871 USD, 3868 USD, 3834 USD, 3793 USD, 3771 USD, 3639 USD, 3611 USD, 3606 USD, 3582 USD, 3537 USD, 3354 USD, 3345 USD, 3314 USD, 3311 USD, 3240 USD, 3222 USD, 3220 USD, 3202 USD, 3154 USD, 3132 USD, 3075 USD, 3048 USD, 3009 USD, 2942 USD, 2916 USD, 2876 USD, 2849 USD, 2829 USD, 2813 USD, 2806 USD, 2771 USD, 2723 USD, 2717 USD, 2715 USD, 2715 USD, 2702 USD, 2700 USD, 2682 USD, 2678 USD, 2662 USD, 2647 USD, 2606 USD, 2585 USD, 2553 USD, 2542 USD, 2478 USD, 2416 USD, 2365 USD, 2365 USD, 2356 USD, 2347 USD, 2342 USD, 2326 USD, 2323 USD, 2320 USD, 2313 USD, 2281 USD, 2280 USD, 2256 USD, 2239 USD, 2232 USD, 2220 USD, 2190 USD, 2175 USD, 2147 USD, 2114 USD, 2108 USD, 2101 USD, 2100 USD, 2079 USD, 2051 USD, 2042 USD, 2029 USD, 2018 USD, 1993 USD, 1991 USD, 1984 USD, 1983 USD, 1974 USD, 1966 USD, 1941 USD, 1933 USD, 1906 USD, 1883 USD, 1849 USD, 1844 USD, 1834 USD, 1816 USD, 1815 USD, 1796 USD, 1773 USD, 1772 USD, 1706 USD, 1700 USD, 1690 USD, 1667 USD, 1663 USD, 1659 USD, 1656 USD, 1639 USD, 1624 USD, 1612 USD, 1599 USD, 1569 USD, 1561 USD, 1561 USD, 1552 USD, 1550 USD, 1545 USD, 1545 USD, 1536 USD, 1529 USD, 1517 USD, 1506 USD, 1494 USD, 1483 USD, 1472 USD, 1462 USD, 1445 USD, 1444 USD, 1436 USD, 1418 USD, 1413 USD, 1413 USD, 1409 USD, 1408 USD, 1407 USD, 1406 USD, 1402 USD, 1398 USD, 1392 USD, 1392 USD, 1386 USD, 1377 USD, 1369 USD, 1364 USD, 1352 USD, 1348 USD, 1337 USD, 1331 USD, 1317 USD, 1317 USD, 1316 USD, 1312 USD, 1312 USD, 1310 USD, 1303 USD, 1287 USD, 1286 USD, 1275 USD, 1274 USD, 1273 USD, 1268 USD, 1267 USD, 1264 USD, 1262 USD, 1237 USD, 1224 USD, 1220 USD, 1219 USD, 1205 USD, 1200 USD, 1198 USD, 1189 USD, 1185 USD, 1184 USD, 1161 USD, 1153 USD, 1153 USD, 1149 USD, 1135 USD, 1115 USD, 1113 USD, 1104 USD, 1100 USD, 1097 USD, 1092 USD, 1091 USD, 1091 USD, 1082 USD, 1077 USD, 1070 USD, 1064 USD, 1061 USD, 1054 USD, 1046 USD, 1044 USD, 1043 USD, 1041 USD, 1035 USD, 1025 USD, 1024 USD, 1015 USD, 1006 USD, 1003 USD, 999 USD, 994 USD, 991 USD, 991 USD, 986 USD, 983 USD, 981 USD, 975 USD, 974 USD, 964 USD, 961 USD, 960 USD, 948 USD, 944 USD, 941 USD, 939 USD, 928 USD, 919 USD, 918 USD, 915 USD, 907 USD, 898 USD, 893 USD, 881 USD, 871 USD, 870 USD, 861 USD, 861 USD, 853 USD, 849 USD, 847 USD, 841 USD, 840 USD, 830 USD, 827 USD, 818 USD, 815 USD, 804 USD, 803 USD, 802 USD, 799 USD, 797 USD, 795 USD, 792 USD, 788 USD, 788 USD, 786 USD, 777 USD, 771 USD, 771 USD, 765 USD, 761 USD, 746 USD, 723 USD, 722 USD, 715 USD, 715 USD, 713 USD, 703 USD, 697 USD, 686 USD, 686 USD, 678 USD, 671 USD, 671 USD, 670 USD, 657 USD, 656 USD, 655 USD, 646 USD, 644 USD, 642 USD, 639 USD, 636 USD, 631 USD, 630 USD, 626 USD, 622 USD, 622 USD, 615 USD, 612 USD, 603 USD, 598 USD, 596 USD, 592 USD, 588 USD, 576 USD, 565 USD, 548 USD, 531 USD, 529 USD, 510 USD, 507 USD, 504 USD, 452 USD, 445 USD, 344 USD, 310 USD, 126 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([3930807 USD, 3380384 USD, 1601611 USD, 1342900 USD, 925965 USD, 723555 USD, 605770 USD, 575558 USD, 564657 USD, 460984 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": "2423180",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.107565601486754255761257082578"
},
{
"fmv": "16737650",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.742988713064969324995421144202"
},
{
"fmv": "675000",
"line": "land",
"label": "Land and buildings held as investments (line 11)",
"share": "0.0299634286365681140645137920996"
},
{
"fmv": "2691632",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.119482256811708305178807981121"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "477045385",
"name": "MICHAEL AND RENEE MINOGUE FOUNDATION C/O NUTTER MCCLENNEN & FISH LLP"
},
"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": "1016362",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "0.45",
"recomputed": "1016361.55"
},
{
"id": "excise_tax",
"note": null,
"filed": "8235",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "0.4454",
"recomputed": "8234.5546"
},
{
"id": "distributable_amount",
"note": null,
"filed": "1008127",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "1008127"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "592414",
"grossInvestmentIncome": "765771",
"netNoncharitableAssets": "20327231",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2024-12-31",
"days": 366,
"begin": "2024-01-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202512549349100821",
"returnTs": "2025-09-11T15:56:08-05:00",
"operating": false,
"sourceSha256": "36c3d0abe4805b69473f87835bdb6b61ca597d70b5bc872c446764a3f707fb1e",
"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 = 22527462 USD\nlet mix_savings = share(2423180 USD, total_assets_fmv)\nlet mix_stock = share(16737650 USD, total_assets_fmv)\nlet mix_land = share(675000 USD, total_assets_fmv)\nlet mix_other = share(2691632 USD, total_assets_fmv)\nlet net_noncharitable_assets = 20327231 USD\nlet mir_filed = 1016362 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 592414 USD\nlet excise_filed = 8235 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 1008127 USD\nlet distributable_recomputed = 1016362 USD - 8235 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 2320417 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 = [3930807 USD, 3380384 USD, 1601611 USD, 1342900 USD, 925965 USD, 723555 USD, 605770 USD, 575558 USD, 564657 USD, 460984 USD, 402591 USD, 373095 USD, 323655 USD, 142736 USD, 94909 USD, 85543 USD, 81771 USD, 70749 USD, 52434 USD, 48899 USD, 31618 USD, 29884 USD, 27821 USD, 27259 USD, 23571 USD, 22662 USD, 19177 USD, 16212 USD, 12741 USD, 12111 USD, 11693 USD, 11384 USD, 10995 USD, 10696 USD, 9105 USD, 8947 USD, 8707 USD, 7966 USD, 7832 USD, 7355 USD, 7163 USD, 6786 USD, 6508 USD, 5916 USD, 5861 USD, 5726 USD, 5701 USD, 5625 USD, 5506 USD, 5478 USD, 5429 USD, 5316 USD, 5301 USD, 5277 USD, 5195 USD, 5128 USD, 4968 USD, 4891 USD, 4879 USD, 4837 USD, 4814 USD, 4749 USD, 4723 USD, 4555 USD, 4397 USD, 4373 USD, 4353 USD, 4301 USD, 4249 USD, 4234 USD, 4159 USD, 4058 USD, 4058 USD, 4050 USD, 4009 USD, 3924 USD, 3894 USD, 3871 USD, 3868 USD, 3834 USD, 3793 USD, 3771 USD, 3639 USD, 3611 USD, 3606 USD, 3582 USD, 3537 USD, 3354 USD, 3345 USD, 3314 USD, 3311 USD, 3240 USD, 3222 USD, 3220 USD, 3202 USD, 3154 USD, 3132 USD, 3075 USD, 3048 USD, 3009 USD, 2942 USD, 2916 USD, 2876 USD, 2849 USD, 2829 USD, 2813 USD, 2806 USD, 2771 USD, 2723 USD, 2717 USD, 2715 USD, 2715 USD, 2702 USD, 2700 USD, 2682 USD, 2678 USD, 2662 USD, 2647 USD, 2606 USD, 2585 USD, 2553 USD, 2542 USD, 2478 USD, 2416 USD, 2365 USD, 2365 USD, 2356 USD, 2347 USD, 2342 USD, 2326 USD, 2323 USD, 2320 USD, 2313 USD, 2281 USD, 2280 USD, 2256 USD, 2239 USD, 2232 USD, 2220 USD, 2190 USD, 2175 USD, 2147 USD, 2114 USD, 2108 USD, 2101 USD, 2100 USD, 2079 USD, 2051 USD, 2042 USD, 2029 USD, 2018 USD, 1993 USD, 1991 USD, 1984 USD, 1983 USD, 1974 USD, 1966 USD, 1941 USD, 1933 USD, 1906 USD, 1883 USD, 1849 USD, 1844 USD, 1834 USD, 1816 USD, 1815 USD, 1796 USD, 1773 USD, 1772 USD, 1706 USD, 1700 USD, 1690 USD, 1667 USD, 1663 USD, 1659 USD, 1656 USD, 1639 USD, 1624 USD, 1612 USD, 1599 USD, 1569 USD, 1561 USD, 1561 USD, 1552 USD, 1550 USD, 1545 USD, 1545 USD, 1536 USD, 1529 USD, 1517 USD, 1506 USD, 1494 USD, 1483 USD, 1472 USD, 1462 USD, 1445 USD, 1444 USD, 1436 USD, 1418 USD, 1413 USD, 1413 USD, 1409 USD, 1408 USD, 1407 USD, 1406 USD, 1402 USD, 1398 USD, 1392 USD, 1392 USD, 1386 USD, 1377 USD, 1369 USD, 1364 USD, 1352 USD, 1348 USD, 1337 USD, 1331 USD, 1317 USD, 1317 USD, 1316 USD, 1312 USD, 1312 USD, 1310 USD, 1303 USD, 1287 USD, 1286 USD, 1275 USD, 1274 USD, 1273 USD, 1268 USD, 1267 USD, 1264 USD, 1262 USD, 1237 USD, 1224 USD, 1220 USD, 1219 USD, 1205 USD, 1200 USD, 1198 USD, 1189 USD, 1185 USD, 1184 USD, 1161 USD, 1153 USD, 1153 USD, 1149 USD, 1135 USD, 1115 USD, 1113 USD, 1104 USD, 1100 USD, 1097 USD, 1092 USD, 1091 USD, 1091 USD, 1082 USD, 1077 USD, 1070 USD, 1064 USD, 1061 USD, 1054 USD, 1046 USD, 1044 USD, 1043 USD, 1041 USD, 1035 USD, 1025 USD, 1024 USD, 1015 USD, 1006 USD, 1003 USD, 999 USD, 994 USD, 991 USD, 991 USD, 986 USD, 983 USD, 981 USD, 975 USD, 974 USD, 964 USD, 961 USD, 960 USD, 948 USD, 944 USD, 941 USD, 939 USD, 928 USD, 919 USD, 918 USD, 915 USD, 907 USD, 898 USD, 893 USD, 881 USD, 871 USD, 870 USD, 861 USD, 861 USD, 853 USD, 849 USD, 847 USD, 841 USD, 840 USD, 830 USD, 827 USD, 818 USD, 815 USD, 804 USD, 803 USD, 802 USD, 799 USD, 797 USD, 795 USD, 792 USD, 788 USD, 788 USD, 786 USD, 777 USD, 771 USD, 771 USD, 765 USD, 761 USD, 746 USD, 723 USD, 722 USD, 715 USD, 715 USD, 713 USD, 703 USD, 697 USD, 686 USD, 686 USD, 678 USD, 671 USD, 671 USD, 670 USD, 657 USD, 656 USD, 655 USD, 646 USD, 644 USD, 642 USD, 639 USD, 636 USD, 631 USD, 630 USD, 626 USD, 622 USD, 622 USD, 615 USD, 612 USD, 603 USD, 598 USD, 596 USD, 592 USD, 588 USD, 576 USD, 565 USD, 548 USD, 531 USD, 529 USD, 510 USD, 507 USD, 504 USD, 452 USD, 445 USD, 344 USD, 310 USD, 126 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([3930807 USD, 3380384 USD, 1601611 USD, 1342900 USD, 925965 USD, 723555 USD, 605770 USD, 575558 USD, 564657 USD, 460984 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_land": "0.0299634286365681140645137920996",
"mir_filed": "1016362 USD",
"mix_other": "0.119482256811708305178807981121",
"mix_stock": "0.742988713064969324995421144202",
"mix_savings": "0.107565601486754255761257082578",
"payout_rate": "0.114153127890365392118582211222",
"stock_count": "371",
"excise_filed": "8235 USD",
"largest_stock": "3930807 USD",
"mir_difference": "0.45 USD",
"mir_recomputed": "1016361.55 USD",
"payout_coverage": "2.30171099474570168242691645001",
"total_assets_fmv": "22527462 USD",
"excise_difference": "0.4454 USD",
"excise_recomputed": "8234.5546 USD",
"distributable_filed": "1008127 USD",
"stock_concentration": "0.122524181059358886627058120902",
"top10_share_of_stock": "0.843140524506128399148028546421",
"net_investment_income": "592414 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "1008127 USD",
"effective_stock_holdings": "8.16165422493649063585860601154",
"net_noncharitable_assets": "20327231 USD",
"qualifying_distributions": "2320417 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.17448956300536651665420631938",
"largest_stock_halved_share_of_assets": "0.0872447815026832583271031596902"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "3930807",
"name": "VANGUARD VALUE ETF",
"shareOfAssets": "0.17448956300536651665420631938"
},
{
"fmv": "3380384",
"name": "VANGUARD GROWTH ETF",
"shareOfAssets": "0.150056140367698766953862800878"
},
{
"fmv": "1601611",
"name": "ISHARES TR CORE MSCI EAF",
"shareOfAssets": "0.0710959361511740647925629615977"
},
{
"fmv": "1342900",
"name": "NVIDIA",
"shareOfAssets": "0.0596116863941441783366452909786"
},
{
"fmv": "925965",
"name": "ISHARES INC CORE MSCI",
"shareOfAssets": "0.0411038314036441388737000200023"
},
{
"fmv": "723555",
"name": "VANGUARD SMALL CAP VALUE ETF",
"shareOfAssets": "0.032118797936491913736221150878"
},
{
"fmv": "605770",
"name": "VANGUARD SMALL CAP GROWTH ETF",
"shareOfAssets": "0.0268902906150723947509044738373"
},
{
"fmv": "575558",
"name": "VANGUARD SHORT-TERM CORPORATE BOND",
"shareOfAssets": "0.0255491719395642527329532283752"
},
{
"fmv": "564657",
"name": "ISHARES MBS ETF",
"shareOfAssets": "0.0250652736646498393827054286009"
},
{
"fmv": "460984",
"name": "VANGUARD INTERM-TERM GOVT BD",
"shareOfAssets": "0.0204632017579255044354308532404"
}
],
"count": 371,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "a26597b911698d49958613cd8c1fa4d6d35cf2ee93d3ea8eead003f20e668da3",
"otherInvestments": [
{
"fmv": "665790",
"name": "HAMILTON LANE PRIVATE ASSETS FUND CLASS I",
"shareOfAssets": "0.0295545942991713846859446483585"
},
{
"fmv": "626539",
"name": "NB PRIVATE MARKETS ACCESS FUND",
"shareOfAssets": "0.027812232021521110544987269316"
},
{
"fmv": "605096",
"name": "PARTNERS GROUP PRIVATE EQUITY MASTER FUND",
"shareOfAssets": "0.0268603715767004734044163519175"
},
{
"fmv": "250351",
"name": "BLACKSTONE REAL ESTATE INCOME TRUST INC",
"shareOfAssets": "0.0111131471445829095172816183199"
},
{
"fmv": "210956",
"name": "MISSION CREST MACRO FUND LTD.",
"shareOfAssets": "0.00936439266882350084532380966839"
}
]
}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.