Sealed proof · filed Form 990-PF

GUEST HOUSE MINISTRIES FOUNDATION

EIN 91-2167994, 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 GUEST HOUSE MINISTRIES 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 August 19, 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 distributions0.78×

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 rate3.9%

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

Assets at fair market value$154.8M

end of the tax year, Part II

Largest listed stock10.6%

VANGUARD INDEX FDS S&P 500 ETF SHS

If that stock halved−5.3%

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

GUEST HOUSE MINISTRIES FOUNDATION · 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/60297d1b92f7 — 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)	$3,982,288	$3,982,288.25	recomputes, within the form's whole-dollar rounding (difference −$0.25)
Excise tax: 1.39% of net investment income (Part V line 1)	$59,450	$59,449.6606	recomputes, within the form's whole-dollar rounding (difference $0.3394)
Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)	$3,922,838	$3,922,838	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)	$4.5M	2.9%
U.S. and state government obligations (line 10a)	$51,241	<0.1%
Corporate stock (line 10b)	$96.3M	62.2%
Corporate bonds (line 10c)	$43.9M	28.4%
Other investments (line 13)	$10M	6.4%

The ten largest listed stocks, of 184 on the schedule

The schedule ties to Part II line 10b exactly. It behaves like 22.8 equal holdings; the ten largest are 44.7% of the listed stock.

The ten largest listed stocks
Stock, as listed	Fair market value	Share of assets
VANGUARD INDEX FDS S&P 500 ETF SHS	$16.3M	10.6%
ISHARES TR CORE MSCI EAFE	$7.5M	4.8%
ISHARES GOLD TRUST ETF	$3.7M	2.4%
ISHARES INC CORE MSCI EMKT	$3.5M	2.2%
NVIDIA CORPORATION COM	$2.7M	1.7%
VANGUARD INDEX FDS EXTEND MKT ETF	$2.2M	1.4%
ALPHABET INC CAP STK CL A	$2.1M	1.4%
ANFIELD UNIVERSAL FIXED	$1.8M	1.2%
MICROSOFT CORP COM	$1.7M	1.1%
PUTNAM FOCUSED LARGE CAP	$1.5M	1.0%

Largest other investments (line 13), as listed

Largest other investments, line 13
NORTHBAY PORTFOLIOS	$3.9M	2.5%
FIRST EAGLE GLOBAL A	$3M	2.0%
SPDR GOLD SHARES ETF	$814,417	0.5%
PROLOGIS INC	$812,173	0.5%
APOLLO DIVERSIFIED RE FD	$688,174	0.4%

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 $3,982,288; recomputed $3,982,288.25; agrees within the form's whole-dollar rounding.
Excise tax	Part V line 1 against 1.39% of net investment income	agrees	Filed $59,450; recomputed $59,449.66; agrees within the form's whole-dollar rounding.
Distributable amount	Part X line 7 against the form's own chain from line 1	agrees	Filed $3,922,838; recomputed $3,922,838; agrees to the dollar.
Payout coverage	Part XI total against Part X line 7	reported	Qualifying distributions $3,076,090 against a distributable amount of $3,922,838 (0.78×).
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	184 listed holdings sum to Part II line 10b exactly; the largest is 10.6% 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 19 August 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)	$59,449	Projected under the assumptions below
December 31, 2027	Distributable amount for the year ending 31 December 2026, to be paid out	$3,922,838	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 $3,185,830, $796,457 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, $79645765; the thirteen-month average is not observable from a filing.
Net investment income for that year equals this return's, $4276954.
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) ddfc240c2ec2f87d… · 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 60297d1b92f7e8d4386ee38b2ace5f09645111a2a1c2d854970fe59eaea2a8f5 · recomputed now, matches

return Form 990-PF, IRS object 202612319349100901, schema 2025v4.2 — the file as the IRS published it hashes to 62a8b2e606ddd567…

source file 202612319349100901_public.xml inside 2026_TEOS_XML_08A.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 60297d1b92f7 --fetch

arithmetic kernel@2026-09-15.1 · kernel proof d75dc8e06ba74943…

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 = 154769846 USD
let mix_cash = share(4547309 USD, total_assets_fmv)
let mix_government = share(51241 USD, total_assets_fmv)
let mix_stock = share(96327762 USD, total_assets_fmv)
let mix_bonds = share(43891687 USD, total_assets_fmv)
let mix_other = share(9950847 USD, total_assets_fmv)
let net_noncharitable_assets = 79645765 USD
let mir_filed = 3982288 USD
let mir_recomputed = net_noncharitable_assets * 5%
let mir_difference = mir_filed - mir_recomputed
let net_investment_income = 4276954 USD
let excise_filed = 59450 USD
let excise_recomputed = net_investment_income * 1.39%
let excise_difference = excise_filed - excise_recomputed
let distributable_filed = 3922838 USD
let distributable_recomputed = 3982288 USD - 59450 USD + 0 USD - 0 USD
let distributable_difference = distributable_filed - distributable_recomputed
let qualifying_distributions = 3076090 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 = [16328584 USD, 7497106 USD, 3709956 USD, 3464586 USD, 2664526 USD, 2202452 USD, 2124644 USD, 1834122 USD, 1695088 USD, 1548332 USD, 1467492 USD, 1465429 USD, 1462521 USD, 1441130 USD, 1391668 USD, 1361614 USD, 1176280 USD, 1164525 USD, 1022221 USD, 961569 USD, 912224 USD, 899392 USD, 855814 USD, 853925 USD, 843897 USD, 790837 USD, 703101 USD, 677893 USD, 670880 USD, 644812 USD, 639499 USD, 585921 USD, 552352 USD, 547126 USD, 514555 USD, 514263 USD, 488660 USD, 477511 USD, 473783 USD, 473539 USD, 451884 USD, 439282 USD, 429033 USD, 420418 USD, 419781 USD, 415750 USD, 396143 USD, 382649 USD, 379373 USD, 376578 USD, 347941 USD, 343443 USD, 342545 USD, 335980 USD, 317135 USD, 311555 USD, 310925 USD, 300737 USD, 293214 USD, 293144 USD, 275014 USD, 272368 USD, 271072 USD, 266672 USD, 265453 USD, 265151 USD, 264660 USD, 260209 USD, 255709 USD, 255115 USD, 250269 USD, 245622 USD, 240445 USD, 235885 USD, 234962 USD, 231680 USD, 225861 USD, 224707 USD, 223204 USD, 222571 USD, 220761 USD, 220077 USD, 218158 USD, 211974 USD, 211690 USD, 210501 USD, 210380 USD, 209153 USD, 208438 USD, 207773 USD, 206588 USD, 206394 USD, 200373 USD, 198501 USD, 197206 USD, 195608 USD, 195107 USD, 189837 USD, 189695 USD, 187721 USD, 187180 USD, 186652 USD, 186217 USD, 185666 USD, 182977 USD, 176723 USD, 176447 USD, 174980 USD, 172421 USD, 172176 USD, 172099 USD, 169879 USD, 168779 USD, 166621 USD, 166330 USD, 162966 USD, 162414 USD, 162227 USD, 159194 USD, 158432 USD, 158402 USD, 157487 USD, 155408 USD, 155247 USD, 154817 USD, 150494 USD, 150270 USD, 149413 USD, 149293 USD, 145614 USD, 143880 USD, 143848 USD, 143176 USD, 142523 USD, 140339 USD, 138344 USD, 135802 USD, 133869 USD, 133830 USD, 132390 USD, 131998 USD, 131990 USD, 131735 USD, 130336 USD, 130046 USD, 129786 USD, 129656 USD, 125966 USD, 125386 USD, 125074 USD, 124370 USD, 122433 USD, 121608 USD, 117843 USD, 117669 USD, 115895 USD, 115880 USD, 115540 USD, 113869 USD, 113360 USD, 112784 USD, 110912 USD, 110869 USD, 109175 USD, 102706 USD, 101719 USD, 99241 USD, 96776 USD, 86459 USD, 84797 USD, 84548 USD, 82724 USD, 78341 USD, 77685 USD, 77047 USD, 73695 USD, 73444 USD, 71685 USD, 70893 USD, 70390 USD, 60000 USD, 59011 USD, 54250 USD, 49442 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([16328584 USD, 7497106 USD, 3709956 USD, 3464586 USD, 2664526 USD, 2202452 USD, 2124644 USD, 1834122 USD, 1695088 USD, 1548332 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": "4547309",
      "line": "cash",
      "label": "Cash (line 1)",
      "share": "0.0293811043786914409671248235267"
    },
    {
      "fmv": "51241",
      "line": "government",
      "label": "U.S. and state government obligations (line 10a)",
      "share": "0.000331078703793502514695272101001"
    },
    {
      "fmv": "96327762",
      "line": "stock",
      "label": "Corporate stock (line 10b)",
      "share": "0.622393602433383567494148698707"
    },
    {
      "fmv": "43891687",
      "line": "bonds",
      "label": "Corporate bonds (line 10c)",
      "share": "0.283593271779827189335059492144"
    },
    {
      "fmv": "9950847",
      "line": "other",
      "label": "Other investments (line 13)",
      "share": "0.0642944814973841868395992330444"
    }
  ],
  "kind": "public-filing-990pf",
  "lens": "AXIOM",
  "build": {
    "commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
    "digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
  },
  "filer": {
    "ein": "912167994",
    "name": "GUEST HOUSE MINISTRIES 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": "3982288",
      "label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
      "verdict": "rounding",
      "difference": "-0.25",
      "recomputed": "3982288.25"
    },
    {
      "id": "excise_tax",
      "note": null,
      "filed": "59450",
      "label": "Excise tax: 1.39% of net investment income (Part V line 1)",
      "verdict": "rounding",
      "difference": "0.3394",
      "recomputed": "59449.6606"
    },
    {
      "id": "distributable_amount",
      "note": null,
      "filed": "3922838",
      "label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
      "verdict": "exact",
      "difference": "0",
      "recomputed": "3922838"
    }
  ],
  "engine": "kernel@2026-09-15.1",
  "source": {
    "form": "990-PF",
    "lines": {
      "netInvestmentIncome": "4276954",
      "grossInvestmentIncome": "4821340",
      "netNoncharitableAssets": "79645765",
      "undistributedCurrentYear": "0"
    },
    "period": {
      "end": "2025-12-31",
      "days": 365,
      "begin": "2025-01-01"
    },
    "amended": false,
    "foreign": {
      "organization": false,
      "meets85PctTest": false
    },
    "objectId": "202612319349100901",
    "returnTs": "2026-08-19T16:28:32-05:00",
    "operating": false,
    "sourceSha256": "62a8b2e606ddd567781e4638412f4eeecb67c83cb44cf7540205a2a80308f11b",
    "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 = 154769846 USD\nlet mix_cash = share(4547309 USD, total_assets_fmv)\nlet mix_government = share(51241 USD, total_assets_fmv)\nlet mix_stock = share(96327762 USD, total_assets_fmv)\nlet mix_bonds = share(43891687 USD, total_assets_fmv)\nlet mix_other = share(9950847 USD, total_assets_fmv)\nlet net_noncharitable_assets = 79645765 USD\nlet mir_filed = 3982288 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 4276954 USD\nlet excise_filed = 59450 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 3922838 USD\nlet distributable_recomputed = 3982288 USD - 59450 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 3076090 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 = [16328584 USD, 7497106 USD, 3709956 USD, 3464586 USD, 2664526 USD, 2202452 USD, 2124644 USD, 1834122 USD, 1695088 USD, 1548332 USD, 1467492 USD, 1465429 USD, 1462521 USD, 1441130 USD, 1391668 USD, 1361614 USD, 1176280 USD, 1164525 USD, 1022221 USD, 961569 USD, 912224 USD, 899392 USD, 855814 USD, 853925 USD, 843897 USD, 790837 USD, 703101 USD, 677893 USD, 670880 USD, 644812 USD, 639499 USD, 585921 USD, 552352 USD, 547126 USD, 514555 USD, 514263 USD, 488660 USD, 477511 USD, 473783 USD, 473539 USD, 451884 USD, 439282 USD, 429033 USD, 420418 USD, 419781 USD, 415750 USD, 396143 USD, 382649 USD, 379373 USD, 376578 USD, 347941 USD, 343443 USD, 342545 USD, 335980 USD, 317135 USD, 311555 USD, 310925 USD, 300737 USD, 293214 USD, 293144 USD, 275014 USD, 272368 USD, 271072 USD, 266672 USD, 265453 USD, 265151 USD, 264660 USD, 260209 USD, 255709 USD, 255115 USD, 250269 USD, 245622 USD, 240445 USD, 235885 USD, 234962 USD, 231680 USD, 225861 USD, 224707 USD, 223204 USD, 222571 USD, 220761 USD, 220077 USD, 218158 USD, 211974 USD, 211690 USD, 210501 USD, 210380 USD, 209153 USD, 208438 USD, 207773 USD, 206588 USD, 206394 USD, 200373 USD, 198501 USD, 197206 USD, 195608 USD, 195107 USD, 189837 USD, 189695 USD, 187721 USD, 187180 USD, 186652 USD, 186217 USD, 185666 USD, 182977 USD, 176723 USD, 176447 USD, 174980 USD, 172421 USD, 172176 USD, 172099 USD, 169879 USD, 168779 USD, 166621 USD, 166330 USD, 162966 USD, 162414 USD, 162227 USD, 159194 USD, 158432 USD, 158402 USD, 157487 USD, 155408 USD, 155247 USD, 154817 USD, 150494 USD, 150270 USD, 149413 USD, 149293 USD, 145614 USD, 143880 USD, 143848 USD, 143176 USD, 142523 USD, 140339 USD, 138344 USD, 135802 USD, 133869 USD, 133830 USD, 132390 USD, 131998 USD, 131990 USD, 131735 USD, 130336 USD, 130046 USD, 129786 USD, 129656 USD, 125966 USD, 125386 USD, 125074 USD, 124370 USD, 122433 USD, 121608 USD, 117843 USD, 117669 USD, 115895 USD, 115880 USD, 115540 USD, 113869 USD, 113360 USD, 112784 USD, 110912 USD, 110869 USD, 109175 USD, 102706 USD, 101719 USD, 99241 USD, 96776 USD, 86459 USD, 84797 USD, 84548 USD, 82724 USD, 78341 USD, 77685 USD, 77047 USD, 73695 USD, 73444 USD, 71685 USD, 70893 USD, 70390 USD, 60000 USD, 59011 USD, 54250 USD, 49442 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([16328584 USD, 7497106 USD, 3709956 USD, 3464586 USD, 2664526 USD, 2202452 USD, 2124644 USD, 1834122 USD, 1695088 USD, 1548332 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": "0.0293811043786914409671248235267",
    "mir_filed": "3982288 USD",
    "mix_bonds": "0.283593271779827189335059492144",
    "mix_other": "0.0642944814973841868395992330444",
    "mix_stock": "0.622393602433383567494148698707",
    "payout_rate": "0.0386221414283609429829696531887",
    "stock_count": "184",
    "excise_filed": "59450 USD",
    "largest_stock": "16328584 USD",
    "mir_difference": "-0.25 USD",
    "mir_recomputed": "3982288.25 USD",
    "mix_government": "0.000331078703793502514695272101001",
    "payout_coverage": "0.784149128768508921347249108936",
    "total_assets_fmv": "154769846 USD",
    "excise_difference": "0.3394 USD",
    "excise_recomputed": "59449.6606 USD",
    "distributable_filed": "3922838 USD",
    "stock_concentration": "0.0437642147493061664497660317105",
    "top10_share_of_stock": "0.447113014003169719649460972632",
    "net_investment_income": "4276954 USD",
    "distributable_difference": "0 USD",
    "distributable_recomputed": "3922838 USD",
    "effective_stock_holdings": "22.8497187880162730786466844542",
    "net_noncharitable_assets": "79645765 USD",
    "qualifying_distributions": "3076090 USD",
    "undistributed_to_next_year": "0 USD",
    "largest_stock_share_of_assets": "0.105502359936443950457894750377",
    "largest_stock_halved_share_of_assets": "0.0527511799682219752289473751883"
  },
  "version": 2,
  "holdings": {
    "tie": "exact",
    "top": [
      {
        "fmv": "16328584",
        "name": "VANGUARD INDEX FDS S&P 500 ETF SHS",
        "shareOfAssets": "0.105502359936443950457894750377"
      },
      {
        "fmv": "7497106",
        "name": "ISHARES TR CORE MSCI EAFE",
        "shareOfAssets": "0.0484403531680195637075196159335"
      },
      {
        "fmv": "3709956",
        "name": "ISHARES GOLD TRUST ETF",
        "shareOfAssets": "0.0239707933805141862065301790117"
      },
      {
        "fmv": "3464586",
        "name": "ISHARES INC CORE MSCI EMKT",
        "shareOfAssets": "0.0223854070385260963560046444706"
      },
      {
        "fmv": "2664526",
        "name": "NVIDIA CORPORATION COM",
        "shareOfAssets": "0.0172160538300206100870579143692"
      },
      {
        "fmv": "2202452",
        "name": "VANGUARD INDEX FDS EXTEND MKT ETF",
        "shareOfAssets": "0.0142304981036163853261183706289"
      },
      {
        "fmv": "2124644",
        "name": "ALPHABET INC CAP STK CL A",
        "shareOfAssets": "0.0137277645155762447421444097063"
      },
      {
        "fmv": "1834122",
        "name": "ANFIELD UNIVERSAL FIXED",
        "shareOfAssets": "0.0118506417587312195167526366861"
      },
      {
        "fmv": "1695088",
        "name": "MICROSOFT CORP COM",
        "shareOfAssets": "0.0109523143158002496170991861037"
      },
      {
        "fmv": "1548332",
        "name": "PUTNAM FOCUSED LARGE CAP",
        "shareOfAssets": "0.0100040934330321682945914412811"
      }
    ],
    "count": 184,
    "schedule": "Corporate stock (line 10b)"
  },
  "refusals": [],
  "blankLines": [],
  "kernelProof": "d75dc8e06ba7494367ecfc4b2c8c84a4c67a02837e98ff07fb854072a88c5425",
  "otherInvestments": [
    {
      "fmv": "3888779",
      "name": "NORTHBAY PORTFOLIOS",
      "shareOfAssets": "0.0251262057855895262698652552772"
    },
    {
      "fmv": "3038339",
      "name": "FIRST EAGLE GLOBAL A",
      "shareOfAssets": "0.0196313369724487546495329587651"
    },
    {
      "fmv": "814417",
      "name": "SPDR GOLD SHARES ETF",
      "shareOfAssets": "0.00526211675625754644738743230384"
    },
    {
      "fmv": "812173",
      "name": "PROLOGIS INC",
      "shareOfAssets": "0.00524761780792881321339558611436"
    },
    {
      "fmv": "688174",
      "name": "APOLLO DIVERSIFIED RE FD",
      "shareOfAssets": "0.00444643461104174000405737949755"
    }
  ]
}

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.