Sealed proof · filed Form 990-PF
DUNE ROAD FOUNDATION INC
EIN 85-3757218, tax year January 1, 2024 to December 31, 2024. The return the foundation filed, as the IRS published it, with its arithmetic re-done exactly and sealed September 28, 2026.
This is the latest return the IRS has published for this foundation. Its tax year ended 21 months ago, so a later one may have been filed since and not yet appear in the public file. The IRS received it on November 14, 2025.
The answer
Nothing carried into the next year: the return shows the year’s amount paid within the year.
Every line we re-do agrees with the return as filed.
Keep this record for the foundation, year on year: the Filing Record, the foundation’s own order, cancellable in writing for a full refund until thirty days after the filing deadline.
Qualifying distributions1.32×
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 rate6.4%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$149.5M
end of the tax year, Part II
Largest listed stock3.1%
10843 SHARES OF MICROSOFT CORP
If that stock halved−1.5%
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
DUNE ROAD FOUNDATION INC · 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/63151e54f75b — it fits on a printed page, and whoever opens it can run the same check.
The return’s own arithmetic, re-done
| Line | As filed | Recomputed | Result |
|---|---|---|---|
| Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6) | $7,040,083 | $7,040,082.9 | recomputes, within the form's whole-dollar rounding (difference $0.1) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $265,067 | $265,067.2315 | recomputes, within the form's whole-dollar rounding (difference −$0.2315) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $6,768,852 | $6,768,852 | 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) | $7.7M | 5.1% |
| U.S. and state government obligations (line 10a) | $43.9M | 29.3% |
| Corporate stock (line 10b) | $77.2M | 51.7% |
| Corporate bonds (line 10c) | $7.4M | 4.9% |
| Other investments (line 13) | $13.3M | 8.9% |
The ten largest listed stocks, of 181 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 46.0 equal holdings; the ten largest are 39.3% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| 10843 SHARES OF MICROSOFT CORP | $4.6M | 3.1% |
| 10650 SHARES OF HOME DEPOT INC | $4.1M | 2.8% |
| 18181 SHARES OF AMAZON COM INC | $4M | 2.7% |
| 26390 SHARES OF NVIDIA CORPORATION | $3.5M | 2.4% |
| 18200 SHARES OF ALPHABET INC CL A | $3.4M | 2.3% |
| 13342 SHARES OF APPLE INC | $3.3M | 2.2% |
| 8606 SHARES OF VANGUARD MID-CAP INDEX FUND | $2.3M | 1.5% |
| 6253 SHARES OF VISA INC | $2M | 1.3% |
| 3119 SHARES OF UNITEDHEALTH GROUP | $1.6M | 1.1% |
| 4477 SHARES OF SALESFORCE INC | $1.5M | 1.0% |
Largest other investments (line 13), as listed
| JASPER RIDGE DIVERSIFIED (TAX EXEMPT) LP | $12.8M | 8.6% |
| KING STREET CAPITAL | $471,822 | 0.3% |
What the foundation answered on the form
- Part VI-B 4a: did the foundation invest during the year in a manner that would jeopardize its charitable purposes? No
- Part VI-B 4b: did it make any investment in a prior year that could jeopardize its charitable purpose and that had not been removed from jeopardy? No
- Part VI-B 3a: did it hold more than a 2% direct or indirect interest in any business enterprise? No
- Part VI-B 3b: did it have excess business holdings? Not answered (3a is “No”, so the form does not ask 3b. Our note; not part of the seal.)
- Part VI-B 2a: did it have undistributed income for prior years? No
Quoted as filed. These are the foundation’s own answers; this page does not test them.
Control statement · nine controls
Nine controls, read from the return.
Each control reads one part of the filed return and states a fact in a fixed vocabulary: agrees, differs, reported, not reported, not applicable, not checked. Whether any of it met a requirement is counsel’s question, not this page’s.
Recomputed each time the page is read; not part of the seal. The seal covers the body above (controls v2, kernel@2026-09-15.1).
This return: 4 agree, 4 reported, 1 not checked.
| Control | Reads | Result | Detail |
|---|---|---|---|
| Minimum investment return | Part IX line 6 against 5% of line 5, prorated for a short year | agrees | Filed $7,040,083; recomputed $7,040,082.9; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $265,067; recomputed $265,067.23; 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 $6,768,852; recomputed $6,768,852; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $8,945,442 against a distributable amount of $6,768,852 (1.32×). |
| 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 | 181 listed holdings sum to Part II line 10b exactly; the largest is 3.1% 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 14 November 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. | $265,067 | Projected under the assumptions below |
| December 31, 2026 | Distributable amount for the year ending 31 December 2025, to be paid out | $6,775,015 | 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 $5,632,066, $1,408,016 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, $140801658; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $19069585.
- 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)
77d3a44639711ed1…· 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
63151e54f75bd6026c12e0acf64dc98cd7a7c25af8c9a33fb32adebc4802c79b · recomputed now, matchesreturn Form 990-PF, IRS object
202513189349100246, schema 2024v5.2 — the file as the IRS published it hashes to 92d8f2dabe38e86e…source file
202513189349100246_public.xml inside 2025_TEOS_XML_11D.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 63151e54f75b --fetcharithmetic
kernel@2026-09-15.1 · kernel proof 6635faf26fffaff1…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 = 149497013 USD let mix_savings = share(7678985 USD, total_assets_fmv) let mix_government = share(43869999 USD, total_assets_fmv) let mix_stock = share(77243972 USD, total_assets_fmv) let mix_bonds = share(7393377 USD, total_assets_fmv) let mix_other = share(13310682 USD, total_assets_fmv) let net_noncharitable_assets = 140801658 USD let mir_filed = 7040083 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 19069585 USD let excise_filed = 265067 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 6768852 USD let distributable_recomputed = 7040083 USD - 271231 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 8945442 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 = [4570325 USD, 4142744 USD, 3988730 USD, 3543913 USD, 3445260 USD, 3341104 USD, 2273103 USD, 1976198 USD, 1577777 USD, 1496795 USD, 1180277 USD, 1047969 USD, 998547 USD, 962770 USD, 961956 USD, 934891 USD, 894837 USD, 888471 USD, 860980 USD, 847039 USD, 841807 USD, 805064 USD, 787422 USD, 738717 USD, 730464 USD, 729653 USD, 720531 USD, 692960 USD, 682283 USD, 681075 USD, 673089 USD, 671583 USD, 666415 USD, 635293 USD, 631137 USD, 622397 USD, 619258 USD, 618240 USD, 615387 USD, 603612 USD, 596614 USD, 589632 USD, 581828 USD, 575395 USD, 575342 USD, 562469 USD, 558413 USD, 516602 USD, 512610 USD, 507129 USD, 501831 USD, 501550 USD, 449149 USD, 434397 USD, 429728 USD, 415840 USD, 351193 USD, 351011 USD, 335733 USD, 325808 USD, 324856 USD, 323723 USD, 315888 USD, 314781 USD, 309843 USD, 307080 USD, 304735 USD, 302787 USD, 281482 USD, 275384 USD, 251485 USD, 247092 USD, 245761 USD, 238188 USD, 235572 USD, 235567 USD, 231809 USD, 223506 USD, 222605 USD, 221609 USD, 213153 USD, 213027 USD, 212695 USD, 211065 USD, 209254 USD, 204046 USD, 203035 USD, 200559 USD, 196079 USD, 194772 USD, 190740 USD, 189904 USD, 189054 USD, 179935 USD, 170044 USD, 167055 USD, 165459 USD, 162103 USD, 161882 USD, 157200 USD, 155260 USD, 146931 USD, 143623 USD, 130978 USD, 129425 USD, 125881 USD, 116768 USD, 114835 USD, 114270 USD, 106167 USD, 103473 USD, 100907 USD, 98761 USD, 97550 USD, 90438 USD, 86726 USD, 83993 USD, 83658 USD, 83252 USD, 81326 USD, 80929 USD, 79529 USD, 75690 USD, 69774 USD, 68148 USD, 66946 USD, 64475 USD, 61254 USD, 61082 USD, 59901 USD, 59341 USD, 56421 USD, 55717 USD, 54819 USD, 49885 USD, 49694 USD, 49639 USD, 49111 USD, 48440 USD, 48265 USD, 47525 USD, 47267 USD, 46726 USD, 43801 USD, 43691 USD, 43528 USD, 43162 USD, 41818 USD, 41529 USD, 41439 USD, 40958 USD, 40560 USD, 39739 USD, 35922 USD, 34359 USD, 34216 USD, 34129 USD, 32852 USD, 31482 USD, 31008 USD, 29084 USD, 29019 USD, 27506 USD, 26649 USD, 26121 USD, 25625 USD, 25382 USD, 25057 USD, 24856 USD, 24757 USD, 21651 USD, 21647 USD, 21581 USD, 21195 USD, 18755 USD, 18415 USD, 18068 USD, 16965 USD, 16187 USD, 15136 USD, 14162 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([4570325 USD, 4142744 USD, 3988730 USD, 3543913 USD, 3445260 USD, 3341104 USD, 2273103 USD, 1976198 USD, 1577777 USD, 1496795 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": "7678985",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.0513654744392785961549613034743"
},
{
"fmv": "43869999",
"line": "government",
"label": "U.S. and state government obligations (line 10a)",
"share": "0.293450672489356024792281301299"
},
{
"fmv": "77243972",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.516692410436320891575271808274"
},
{
"fmv": "7393377",
"line": "bonds",
"label": "Corporate bonds (line 10c)",
"share": "0.0494550148637417926202980389983"
},
{
"fmv": "13310682",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.0890364411494964116774694354596"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "853757218",
"name": "DUNE ROAD 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": "7040083",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "0.1",
"recomputed": "7040082.9"
},
{
"id": "excise_tax",
"note": null,
"filed": "265067",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "-0.2315",
"recomputed": "265067.2315"
},
{
"id": "distributable_amount",
"note": null,
"filed": "6768852",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "6768852"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "19069585",
"grossInvestmentIncome": "19745425",
"netNoncharitableAssets": "140801658",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2024-12-31",
"days": 366,
"begin": "2024-01-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202513189349100246",
"returnTs": "2025-11-14T09:33:02-06:00",
"operating": false,
"sourceSha256": "92d8f2dabe38e86ef4f4b3a5a313e94a44f15e97f12b4656b88a22d1bdaf67f2",
"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 = 149497013 USD\nlet mix_savings = share(7678985 USD, total_assets_fmv)\nlet mix_government = share(43869999 USD, total_assets_fmv)\nlet mix_stock = share(77243972 USD, total_assets_fmv)\nlet mix_bonds = share(7393377 USD, total_assets_fmv)\nlet mix_other = share(13310682 USD, total_assets_fmv)\nlet net_noncharitable_assets = 140801658 USD\nlet mir_filed = 7040083 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 19069585 USD\nlet excise_filed = 265067 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 6768852 USD\nlet distributable_recomputed = 7040083 USD - 271231 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 8945442 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 = [4570325 USD, 4142744 USD, 3988730 USD, 3543913 USD, 3445260 USD, 3341104 USD, 2273103 USD, 1976198 USD, 1577777 USD, 1496795 USD, 1180277 USD, 1047969 USD, 998547 USD, 962770 USD, 961956 USD, 934891 USD, 894837 USD, 888471 USD, 860980 USD, 847039 USD, 841807 USD, 805064 USD, 787422 USD, 738717 USD, 730464 USD, 729653 USD, 720531 USD, 692960 USD, 682283 USD, 681075 USD, 673089 USD, 671583 USD, 666415 USD, 635293 USD, 631137 USD, 622397 USD, 619258 USD, 618240 USD, 615387 USD, 603612 USD, 596614 USD, 589632 USD, 581828 USD, 575395 USD, 575342 USD, 562469 USD, 558413 USD, 516602 USD, 512610 USD, 507129 USD, 501831 USD, 501550 USD, 449149 USD, 434397 USD, 429728 USD, 415840 USD, 351193 USD, 351011 USD, 335733 USD, 325808 USD, 324856 USD, 323723 USD, 315888 USD, 314781 USD, 309843 USD, 307080 USD, 304735 USD, 302787 USD, 281482 USD, 275384 USD, 251485 USD, 247092 USD, 245761 USD, 238188 USD, 235572 USD, 235567 USD, 231809 USD, 223506 USD, 222605 USD, 221609 USD, 213153 USD, 213027 USD, 212695 USD, 211065 USD, 209254 USD, 204046 USD, 203035 USD, 200559 USD, 196079 USD, 194772 USD, 190740 USD, 189904 USD, 189054 USD, 179935 USD, 170044 USD, 167055 USD, 165459 USD, 162103 USD, 161882 USD, 157200 USD, 155260 USD, 146931 USD, 143623 USD, 130978 USD, 129425 USD, 125881 USD, 116768 USD, 114835 USD, 114270 USD, 106167 USD, 103473 USD, 100907 USD, 98761 USD, 97550 USD, 90438 USD, 86726 USD, 83993 USD, 83658 USD, 83252 USD, 81326 USD, 80929 USD, 79529 USD, 75690 USD, 69774 USD, 68148 USD, 66946 USD, 64475 USD, 61254 USD, 61082 USD, 59901 USD, 59341 USD, 56421 USD, 55717 USD, 54819 USD, 49885 USD, 49694 USD, 49639 USD, 49111 USD, 48440 USD, 48265 USD, 47525 USD, 47267 USD, 46726 USD, 43801 USD, 43691 USD, 43528 USD, 43162 USD, 41818 USD, 41529 USD, 41439 USD, 40958 USD, 40560 USD, 39739 USD, 35922 USD, 34359 USD, 34216 USD, 34129 USD, 32852 USD, 31482 USD, 31008 USD, 29084 USD, 29019 USD, 27506 USD, 26649 USD, 26121 USD, 25625 USD, 25382 USD, 25057 USD, 24856 USD, 24757 USD, 21651 USD, 21647 USD, 21581 USD, 21195 USD, 18755 USD, 18415 USD, 18068 USD, 16965 USD, 16187 USD, 15136 USD, 14162 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([4570325 USD, 4142744 USD, 3988730 USD, 3543913 USD, 3445260 USD, 3341104 USD, 2273103 USD, 1976198 USD, 1577777 USD, 1496795 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": "7040083 USD",
"mix_bonds": "0.0494550148637417926202980389983",
"mix_other": "0.0890364411494964116774694354596",
"mix_stock": "0.516692410436320891575271808274",
"mix_savings": "0.0513654744392785961549613034743",
"payout_rate": "0.0635322206220043232729546409177",
"stock_count": "181",
"excise_filed": "265067 USD",
"largest_stock": "4570325 USD",
"mir_difference": "0.1 USD",
"mir_recomputed": "7040082.9 USD",
"mix_government": "0.293450672489356024792281301299",
"payout_coverage": "1.32155969727215190995459791409",
"total_assets_fmv": "149497013 USD",
"excise_difference": "-0.2315 USD",
"excise_recomputed": "265067.2315 USD",
"distributable_filed": "6768852 USD",
"stock_concentration": "0.0217218175919262889023303145827",
"top10_share_of_stock": "0.392987934385352425947231196241",
"net_investment_income": "19069585 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "6768852 USD",
"effective_stock_holdings": "46.0366631736971549915399363615",
"net_noncharitable_assets": "140801658 USD",
"qualifying_distributions": "8945442 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0305713465994133274087556518604",
"largest_stock_halved_share_of_assets": "0.0152856732997066637043778259302"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "4570325",
"name": "10843 SHARES OF MICROSOFT CORP",
"shareOfAssets": "0.0305713465994133274087556518604"
},
{
"fmv": "4142744",
"name": "10650 SHARES OF HOME DEPOT INC",
"shareOfAssets": "0.0277112158755974609338850134752"
},
{
"fmv": "3988730",
"name": "18181 SHARES OF AMAZON COM INC",
"shareOfAssets": "0.0266810013120462814865739156942"
},
{
"fmv": "3543913",
"name": "26390 SHARES OF NVIDIA CORPORATION",
"shareOfAssets": "0.0237055773147788578223967591914"
},
{
"fmv": "3445260",
"name": "18200 SHARES OF ALPHABET INC CL A",
"shareOfAssets": "0.0230456778424061221878727436514"
},
{
"fmv": "3341104",
"name": "13342 SHARES OF APPLE INC",
"shareOfAssets": "0.0223489682700215555477352580951"
},
{
"fmv": "2273103",
"name": "8606 SHARES OF VANGUARD MID-CAP INDEX FUND",
"shareOfAssets": "0.0152050061361426666096666426372"
},
{
"fmv": "1976198",
"name": "6253 SHARES OF VISA INC",
"shareOfAssets": "0.0132189798333964037127618061506"
},
{
"fmv": "1577777",
"name": "3119 SHARES OF UNITEDHEALTH GROUP",
"shareOfAssets": "0.0105539031739717769478109907119"
},
{
"fmv": "1496795",
"name": "4477 SHARES OF SALESFORCE INC",
"shareOfAssets": "0.0100122067321840069139040256276"
}
],
"count": 181,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "6635faf26fffaff1f595c1563769dbde7e0755e856aa51228ee68311736fe7dd",
"otherInvestments": [
{
"fmv": "12838860",
"name": "JASPER RIDGE DIVERSIFIED (TAX EXEMPT) LP",
"shareOfAssets": "0.0858803780915676221571062426511"
},
{
"fmv": "471822",
"name": "KING STREET CAPITAL",
"shareOfAssets": "0.00315606305792878952036319280841"
}
]
}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.