Sealed proof · filed Form 990-PF
THE GARNER FOUNDATION
EIN 31-1471961, tax year April 1, 2025 to March 31, 2026. 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 GARNER 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 2026-03-31. The IRS received it on May 27, 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 distributions1.20×
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 rate5.9%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$15.3M
end of the tax year, Part II
Largest listed stock3.9%
PIMCO FLEXIBLE CREDIT
If that stock halved−2.0%
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
THE GARNER FOUNDATION · Form 990-PF, year ended March 31, 2026checking
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/70983cebbbd0 — 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) | $757,718 | $757,718.25 | recomputes, within the form's whole-dollar rounding (difference −$0.25) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $16,987 | $16,986.6201 | recomputes, within the form's whole-dollar rounding (difference $0.3799) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $740,731 | $740,731 | recomputes exactly |
Where the assets sit, at fair market value
| Part II line | Fair market value | Share of assets |
|---|---|---|
| Cash (line 1) | $331,202 | 2.2% |
| Savings and temporary cash investments (line 2) | $349,855 | 2.3% |
| Corporate stock (line 10b) | $14.6M | 95.6% |
The ten largest listed stocks, of 565 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 106.6 equal holdings; the ten largest are 22.2% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| PIMCO FLEXIBLE CREDIT | $598,653 | 3.9% |
| LORD ABBETT CREDIT | $594,230 | 3.9% |
| NVIDIA | $483,088 | 3.2% |
| META PLATFORMS INC | $300,940 | 2.0% |
| MICROSOFT CORP | $277,257 | 1.8% |
| AMAZON COM INC COM | $239,927 | 1.6% |
| APPLE INC | $205,570 | 1.3% |
| NETFLIX COM INC | $199,127 | 1.3% |
| EATON CORP PLC | $178,120 | 1.2% |
| TESLA INC | $175,838 | 1.1% |
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 $757,718; recomputed $757,718.25; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $16,987; recomputed $16,986.62; agrees within the form's whole-dollar rounding. |
| Distributable amount | Part X line 7 against the form's own chain from line 1 | agrees | Filed $740,731; recomputed $740,731; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $887,710 against a distributable amount of $740,731 (1.20×). |
| Payout deadline | Part XII undistributed income and the date it falls due | reported | Part XII reports $0 undistributed income for the year ended 31 March 2026: nothing carried into the next year, so nothing from this year falls due by 31 March 2027. |
| Holdings tie-out | The corporate-stock schedule against Part II line 10b | agrees | 565 listed holdings sum to Part II line 10b exactly; the largest is 3.9% 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 27 May 2026; the original due date was 15 August 2026 (a Saturday, so 17 August 2026 under IRC §7503); the six-month extension window ended 15 February 2027 (a legal holiday, so 16 February 2027 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 |
|---|---|---|---|
| August 16, 2027 | Excise tax on the year ending 31 March 2027, due with that return by 15 August 2027 (a Sunday, so 16 August 2027 under IRC §7503) | $16,986 | Projected under the assumptions below |
| March 31, 2028 | Distributable amount for the year ending 31 March 2027, to be paid out | $740,731 | 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 $606,174, $151,543 less than the projection.
The assumptions, the forward kernel proof, and what was refused
- Net noncharitable-use assets for the year ending 31 March 2027 equal this return's Part IX line 5, $15154365; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $1222059.
- 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)
27ad2a05e733d67c…· 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
70983cebbbd0acff536afb23e855f8f87f02a7d763a78b113a99bc3be41d609d · recomputed now, matchesreturn Form 990-PF, IRS object
202611479349100806, schema 2025v4.1 — the file as the IRS published it hashes to 450c964da6672747…source file
202611479349100806_public.xml inside 2026_TEOS_XML_06A.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 70983cebbbd0 --fetcharithmetic
kernel@2026-09-15.1 · kernel proof 0dce98ccb3cb4708…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 = 15319866 USD let mix_cash = share(331202 USD, total_assets_fmv) let mix_savings = share(349855 USD, total_assets_fmv) let mix_stock = share(14638809 USD, total_assets_fmv) let net_noncharitable_assets = 15154365 USD let mir_filed = 757718 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 1222059 USD let excise_filed = 16987 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 740731 USD let distributable_recomputed = 757718 USD - 16987 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 887710 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 = [598653 USD, 594230 USD, 483088 USD, 300940 USD, 277257 USD, 239927 USD, 205570 USD, 199127 USD, 178120 USD, 175838 USD, 160617 USD, 155956 USD, 155570 USD, 147962 USD, 146124 USD, 145059 USD, 140275 USD, 137152 USD, 133108 USD, 125379 USD, 118971 USD, 116233 USD, 115628 USD, 113807 USD, 111465 USD, 109907 USD, 106775 USD, 105852 USD, 100361 USD, 98577 USD, 97820 USD, 97243 USD, 95744 USD, 92996 USD, 92433 USD, 91094 USD, 90992 USD, 90734 USD, 90610 USD, 90002 USD, 88443 USD, 85113 USD, 83940 USD, 74489 USD, 73460 USD, 73375 USD, 72091 USD, 72082 USD, 70549 USD, 68901 USD, 68898 USD, 68421 USD, 68281 USD, 67022 USD, 66455 USD, 66258 USD, 65636 USD, 65343 USD, 65208 USD, 64539 USD, 64534 USD, 61974 USD, 61468 USD, 60808 USD, 58995 USD, 57891 USD, 56795 USD, 55718 USD, 54662 USD, 53592 USD, 51129 USD, 50136 USD, 49346 USD, 49006 USD, 48260 USD, 47133 USD, 47021 USD, 46623 USD, 45892 USD, 45814 USD, 44878 USD, 44813 USD, 44171 USD, 43643 USD, 43283 USD, 42707 USD, 41696 USD, 40722 USD, 40459 USD, 39901 USD, 39615 USD, 39339 USD, 38989 USD, 38706 USD, 38482 USD, 38344 USD, 38156 USD, 36840 USD, 36770 USD, 36687 USD, 36543 USD, 36453 USD, 36270 USD, 36198 USD, 35975 USD, 35920 USD, 34844 USD, 34810 USD, 34477 USD, 34329 USD, 34171 USD, 34136 USD, 33882 USD, 33273 USD, 32784 USD, 32514 USD, 31570 USD, 31114 USD, 30860 USD, 30845 USD, 30653 USD, 30422 USD, 30263 USD, 30162 USD, 29869 USD, 29610 USD, 29304 USD, 28976 USD, 28942 USD, 28677 USD, 28138 USD, 27922 USD, 27437 USD, 27155 USD, 27096 USD, 26619 USD, 26518 USD, 26234 USD, 26056 USD, 26019 USD, 25967 USD, 25959 USD, 25700 USD, 25477 USD, 25247 USD, 25073 USD, 25005 USD, 24978 USD, 24875 USD, 24707 USD, 24689 USD, 24472 USD, 24206 USD, 24050 USD, 23976 USD, 23962 USD, 23699 USD, 23658 USD, 23358 USD, 23335 USD, 23294 USD, 23196 USD, 22695 USD, 22288 USD, 22012 USD, 21898 USD, 21777 USD, 21628 USD, 20733 USD, 20716 USD, 20682 USD, 20359 USD, 20336 USD, 20286 USD, 19938 USD, 19882 USD, 19845 USD, 19634 USD, 19556 USD, 19527 USD, 19328 USD, 19315 USD, 19254 USD, 19236 USD, 19076 USD, 18991 USD, 18940 USD, 18922 USD, 18736 USD, 18720 USD, 18691 USD, 18379 USD, 18316 USD, 17738 USD, 17485 USD, 17472 USD, 17413 USD, 17316 USD, 17242 USD, 17144 USD, 17083 USD, 16903 USD, 16791 USD, 16780 USD, 16238 USD, 16213 USD, 16098 USD, 15751 USD, 15578 USD, 15159 USD, 14993 USD, 14919 USD, 14764 USD, 14705 USD, 14667 USD, 14643 USD, 14502 USD, 14500 USD, 14273 USD, 14236 USD, 14035 USD, 13900 USD, 13822 USD, 13709 USD, 13653 USD, 13589 USD, 13570 USD, 13476 USD, 13435 USD, 13382 USD, 13359 USD, 13300 USD, 12974 USD, 12920 USD, 12888 USD, 12735 USD, 12718 USD, 12666 USD, 12573 USD, 12473 USD, 12433 USD, 12411 USD, 12329 USD, 12157 USD, 12046 USD, 12038 USD, 11949 USD, 11625 USD, 11619 USD, 11563 USD, 11482 USD, 11460 USD, 11441 USD, 11423 USD, 11409 USD, 11070 USD, 11006 USD, 10996 USD, 10957 USD, 10724 USD, 10707 USD, 10570 USD, 10465 USD, 10399 USD, 10281 USD, 10150 USD, 10119 USD, 10059 USD, 9971 USD, 9596 USD, 9548 USD, 9455 USD, 9454 USD, 9443 USD, 9365 USD, 9281 USD, 9110 USD, 8972 USD, 8966 USD, 8943 USD, 8910 USD, 8890 USD, 8810 USD, 8777 USD, 8741 USD, 8734 USD, 8714 USD, 8694 USD, 8677 USD, 8671 USD, 8597 USD, 8573 USD, 8389 USD, 8344 USD, 8174 USD, 8162 USD, 8159 USD, 8112 USD, 7951 USD, 7903 USD, 7899 USD, 7852 USD, 7814 USD, 7772 USD, 7739 USD, 7588 USD, 7578 USD, 7540 USD, 7506 USD, 7405 USD, 7214 USD, 7187 USD, 7168 USD, 7140 USD, 6996 USD, 6990 USD, 6968 USD, 6814 USD, 6812 USD, 6703 USD, 6613 USD, 6571 USD, 6473 USD, 6448 USD, 6442 USD, 6378 USD, 6374 USD, 6294 USD, 6221 USD, 6205 USD, 6180 USD, 6169 USD, 6026 USD, 6017 USD, 5996 USD, 5973 USD, 5945 USD, 5841 USD, 5815 USD, 5736 USD, 5733 USD, 5708 USD, 5693 USD, 5634 USD, 5607 USD, 5607 USD, 5526 USD, 5520 USD, 5430 USD, 5371 USD, 5268 USD, 5223 USD, 5187 USD, 5128 USD, 5117 USD, 5098 USD, 5059 USD, 5058 USD, 4980 USD, 4893 USD, 4803 USD, 4799 USD, 4778 USD, 4778 USD, 4758 USD, 4629 USD, 4585 USD, 4502 USD, 4473 USD, 4473 USD, 4452 USD, 4437 USD, 4406 USD, 4395 USD, 4392 USD, 4384 USD, 4303 USD, 4214 USD, 4188 USD, 4155 USD, 4129 USD, 4085 USD, 4073 USD, 4017 USD, 4017 USD, 4007 USD, 3980 USD, 3912 USD, 3911 USD, 3903 USD, 3856 USD, 3797 USD, 3783 USD, 3780 USD, 3770 USD, 3734 USD, 3724 USD, 3699 USD, 3645 USD, 3628 USD, 3620 USD, 3617 USD, 3611 USD, 3588 USD, 3544 USD, 3536 USD, 3535 USD, 3535 USD, 3527 USD, 3457 USD, 3443 USD, 3401 USD, 3394 USD, 3392 USD, 3370 USD, 3369 USD, 3368 USD, 3366 USD, 3348 USD, 3328 USD, 3310 USD, 3263 USD, 3239 USD, 3188 USD, 3185 USD, 3184 USD, 3139 USD, 3128 USD, 3125 USD, 3121 USD, 3112 USD, 3104 USD, 3104 USD, 3084 USD, 3044 USD, 3033 USD, 3015 USD, 3007 USD, 2988 USD, 2984 USD, 2924 USD, 2909 USD, 2887 USD, 2853 USD, 2851 USD, 2829 USD, 2829 USD, 2826 USD, 2823 USD, 2807 USD, 2785 USD, 2778 USD, 2744 USD, 2733 USD, 2711 USD, 2710 USD, 2707 USD, 2679 USD, 2648 USD, 2608 USD, 2601 USD, 2580 USD, 2565 USD, 2563 USD, 2538 USD, 2537 USD, 2516 USD, 2510 USD, 2506 USD, 2486 USD, 2485 USD, 2476 USD, 2460 USD, 239 … (7393 characters; the full program is in the body below)
{
"mix": [
{
"fmv": "331202",
"line": "cash",
"label": "Cash (line 1)",
"share": "0.0216191186006457236636403999878"
},
{
"fmv": "349855",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.0228366879971404449621165093742"
},
{
"fmv": "14638809",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.955544193402213831374243090638"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "311471961",
"name": "THE GARNER 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": "757718",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "-0.25",
"recomputed": "757718.25"
},
{
"id": "excise_tax",
"note": null,
"filed": "16987",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "0.3799",
"recomputed": "16986.6201"
},
{
"id": "distributable_amount",
"note": null,
"filed": "740731",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "740731"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "1222059",
"grossInvestmentIncome": "1456186",
"netNoncharitableAssets": "15154365",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2026-03-31",
"days": 365,
"begin": "2025-04-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202611479349100806",
"returnTs": "2026-05-27T09:03:43-05:00",
"operating": false,
"sourceSha256": "450c964da6672747a459e872ea094e42dc734c942f0726b2908abd0b0de9ae59",
"returnVersion": "2025v4.1",
"partXBoxChecked": false
},
"answers": [
{
"answer": "No",
"question": "Part VI-B 4a: did the foundation invest during the year in a manner that would jeopardize its charitable purposes?"
},
{
"answer": "No",
"question": "Part VI-B 4b: did it make any investment in a prior year that could jeopardize its charitable purpose and that had not been removed from jeopardy?"
},
{
"answer": "No",
"question": "Part VI-B 3a: did it hold more than a 2% direct or indirect interest in any business enterprise?"
},
{
"answer": "Not answered",
"question": "Part VI-B 3b: did it have excess business holdings?"
},
{
"answer": "No",
"question": "Part VI-B 2a: did it have undistributed income for prior years?"
}
],
"program": "let total_assets_fmv = 15319866 USD\nlet mix_cash = share(331202 USD, total_assets_fmv)\nlet mix_savings = share(349855 USD, total_assets_fmv)\nlet mix_stock = share(14638809 USD, total_assets_fmv)\nlet net_noncharitable_assets = 15154365 USD\nlet mir_filed = 757718 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 1222059 USD\nlet excise_filed = 16987 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 740731 USD\nlet distributable_recomputed = 757718 USD - 16987 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 887710 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 = [598653 USD, 594230 USD, 483088 USD, 300940 USD, 277257 USD, 239927 USD, 205570 USD, 199127 USD, 178120 USD, 175838 USD, 160617 USD, 155956 USD, 155570 USD, 147962 USD, 146124 USD, 145059 USD, 140275 USD, 137152 USD, 133108 USD, 125379 USD, 118971 USD, 116233 USD, 115628 USD, 113807 USD, 111465 USD, 109907 USD, 106775 USD, 105852 USD, 100361 USD, 98577 USD, 97820 USD, 97243 USD, 95744 USD, 92996 USD, 92433 USD, 91094 USD, 90992 USD, 90734 USD, 90610 USD, 90002 USD, 88443 USD, 85113 USD, 83940 USD, 74489 USD, 73460 USD, 73375 USD, 72091 USD, 72082 USD, 70549 USD, 68901 USD, 68898 USD, 68421 USD, 68281 USD, 67022 USD, 66455 USD, 66258 USD, 65636 USD, 65343 USD, 65208 USD, 64539 USD, 64534 USD, 61974 USD, 61468 USD, 60808 USD, 58995 USD, 57891 USD, 56795 USD, 55718 USD, 54662 USD, 53592 USD, 51129 USD, 50136 USD, 49346 USD, 49006 USD, 48260 USD, 47133 USD, 47021 USD, 46623 USD, 45892 USD, 45814 USD, 44878 USD, 44813 USD, 44171 USD, 43643 USD, 43283 USD, 42707 USD, 41696 USD, 40722 USD, 40459 USD, 39901 USD, 39615 USD, 39339 USD, 38989 USD, 38706 USD, 38482 USD, 38344 USD, 38156 USD, 36840 USD, 36770 USD, 36687 USD, 36543 USD, 36453 USD, 36270 USD, 36198 USD, 35975 USD, 35920 USD, 34844 USD, 34810 USD, 34477 USD, 34329 USD, 34171 USD, 34136 USD, 33882 USD, 33273 USD, 32784 USD, 32514 USD, 31570 USD, 31114 USD, 30860 USD, 30845 USD, 30653 USD, 30422 USD, 30263 USD, 30162 USD, 29869 USD, 29610 USD, 29304 USD, 28976 USD, 28942 USD, 28677 USD, 28138 USD, 27922 USD, 27437 USD, 27155 USD, 27096 USD, 26619 USD, 26518 USD, 26234 USD, 26056 USD, 26019 USD, 25967 USD, 25959 USD, 25700 USD, 25477 USD, 25247 USD, 25073 USD, 25005 USD, 24978 USD, 24875 USD, 24707 USD, 24689 USD, 24472 USD, 24206 USD, 24050 USD, 23976 USD, 23962 USD, 23699 USD, 23658 USD, 23358 USD, 23335 USD, 23294 USD, 23196 USD, 22695 USD, 22288 USD, 22012 USD, 21898 USD, 21777 USD, 21628 USD, 20733 USD, 20716 USD, 20682 USD, 20359 USD, 20336 USD, 20286 USD, 19938 USD, 19882 USD, 19845 USD, 19634 USD, 19556 USD, 19527 USD, 19328 USD, 19315 USD, 19254 USD, 19236 USD, 19076 USD, 18991 USD, 18940 USD, 18922 USD, 18736 USD, 18720 USD, 18691 USD, 18379 USD, 18316 USD, 17738 USD, 17485 USD, 17472 USD, 17413 USD, 17316 USD, 17242 USD, 17144 USD, 17083 USD, 16903 USD, 16791 USD, 16780 USD, 16238 USD, 16213 USD, 16098 USD, 15751 USD, 15578 USD, 15159 USD, 14993 USD, 14919 USD, 14764 USD, 14705 USD, 14667 USD, 14643 USD, 14502 USD, 14500 USD, 14273 USD, 14236 USD, 14035 USD, 13900 USD, 13822 USD, 13709 USD, 13653 USD, 13589 USD, 13570 USD, 13476 USD, 13435 USD, 13382 USD, 13359 USD, 13300 USD, 12974 USD, 12920 USD, 12888 USD, 12735 USD, 12718 USD, 12666 USD, 12573 USD, 12473 USD, 12433 USD, 12411 USD, 12329 USD, 12157 USD, 12046 USD, 12038 USD, 11949 USD, 11625 USD, 11619 USD, 11563 USD, 11482 USD, 11460 USD, 11441 USD, 11423 USD, 11409 USD, 11070 USD, 11006 USD, 10996 USD, 10957 USD, 10724 USD, 10707 USD, 10570 USD, 10465 USD, 10399 USD, 10281 USD, 10150 USD, 10119 USD, 10059 USD, 9971 USD, 9596 USD, 9548 USD, 9455 USD, 9454 USD, 9443 USD, 9365 USD, 9281 USD, 9110 USD, 8972 USD, 8966 USD, 8943 USD, 8910 USD, 8890 USD, 8810 USD, 8777 USD, 8741 USD, 8734 USD, 8714 USD, 8694 USD, 8677 USD, 8671 USD, 8597 USD, 8573 USD, 8389 USD, 8344 USD, 8174 USD, 8162 USD, 8159 USD, 8112 USD, 7951 USD, 7903 USD, 7899 USD, 7852 USD, 7814 USD, 7772 USD, 7739 USD, 7588 USD, 7578 USD, 7540 USD, 7506 USD, 7405 USD, 7214 USD, 7187 USD, 7168 USD, 7140 USD, 6996 USD, 6990 USD, 6968 USD, 6814 USD, 6812 USD, 6703 USD, 6613 USD, 6571 USD, 6473 USD, 6448 USD, 6442 USD, 6378 USD, 6374 USD, 6294 USD, 6221 USD, 6205 USD, 6180 USD, 6169 USD, 6026 USD, 6017 USD, 5996 USD, 5973 USD, 5945 USD, 5841 USD, 5815 USD, 5736 USD, 5733 USD, 5708 USD, 5693 USD, 5634 USD, 5607 USD, 5607 USD, 5526 USD, 5520 USD, 5430 USD, 5371 USD, 5268 USD, 5223 USD, 5187 USD, 5128 USD, 5117 USD, 5098 USD, 5059 USD, 5058 USD, 4980 USD, 4893 USD, 4803 USD, 4799 USD, 4778 USD, 4778 USD, 4758 USD, 4629 USD, 4585 USD, 4502 USD, 4473 USD, 4473 USD, 4452 USD, 4437 USD, 4406 USD, 4395 USD, 4392 USD, 4384 USD, 4303 USD, 4214 USD, 4188 USD, 4155 USD, 4129 USD, 4085 USD, 4073 USD, 4017 USD, 4017 USD, 4007 USD, 3980 USD, 3912 USD, 3911 USD, 3903 USD, 3856 USD, 3797 USD, 3783 USD, 3780 USD, 3770 USD, 3734 USD, 3724 USD, 3699 USD, 3645 USD, 3628 USD, 3620 USD, 3617 USD, 3611 USD, 3588 USD, 3544 USD, 3536 USD, 3535 USD, 3535 USD, 3527 USD, 3457 USD, 3443 USD, 3401 USD, 3394 USD, 3392 USD, 3370 USD, 3369 USD, 3368 USD, 3366 USD, 3348 USD, 3328 USD, 3310 USD, 3263 USD, 3239 USD, 3188 USD, 3185 USD, 3184 USD, 3139 USD, 3128 USD, 3125 USD, 3121 USD, 3112 USD, 3104 USD, 3104 USD, 3084 USD, 3044 USD, 3033 USD, 3015 USD, 3007 USD, 2988 USD, 2984 USD, 2924 USD, 2909 USD, 2887 USD, 2853 USD, 2851 USD, 2829 USD, 2829 USD, 2826 USD, 2823 USD, 2807 USD, 2785 USD, 2778 USD, 2744 USD, 2733 USD, 2711 USD, 2710 USD, 2707 USD, 2679 USD, 2648 USD, 2608 USD, 2601 USD, 2580 USD, 2565 USD, 2563 USD, 2538 USD, 2537 USD, 2516 USD, 2510 USD, 2506 USD, 2486 USD, 2485 USD, 2476 USD, 2460 USD, 2399 USD, 2373 USD, 2367 USD, 2362 USD, 2344 USD, 2338 USD, 2330 USD, 2327 USD, 2319 USD, 2314 USD, 2300 USD, 2282 USD, 2282 USD, 2276 USD, 2272 USD, 2262 USD, 2256 USD, 2248 USD, 2231 USD, 2196 USD, 2182 USD, 2167 USD, 2141 USD, 2130 USD, 2085 USD, 2064 USD, 2041 USD, 2025 USD, 2006 USD, 1999 USD, 1949 USD, 1932 USD, 1885 USD, 1857 USD, 1851 USD, 1851 USD, 1850 USD, 1799 USD, 1798 USD, 1758 USD, 1689 USD, 1679 USD, 1669 USD, 1665 USD, 1592 USD, 1587 USD, 1578 USD, 1577 USD, 1567 USD, 1558 USD, 1548 USD, 1491 USD, 1484 USD, 1484 USD, 1481 USD, 1472 USD, 1469 USD, 1461 USD, 1456 USD, 1454 USD, 1430 USD, 1422 USD, 1339 USD, 1320 USD, 1304 USD, 1226 USD, 1219 USD, 1193 USD, 1176 USD, 1158 USD, 1118 USD, 1106 USD, 1098 USD, 1098 USD, 1076 USD, 1074 USD, 1017 USD, 984 USD, 964 USD, 946 USD, 750 USD, 718 USD, 635 USD, 594 USD, 544 USD, 447 USD, 421 USD, 392 USD, 263 USD, 261 USD, 180 USD, 87 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([598653 USD, 594230 USD, 483088 USD, 300940 USD, 277257 USD, 239927 USD, 205570 USD, 199127 USD, 178120 USD, 175838 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": "0.0216191186006457236636403999878",
"mir_filed": "757718 USD",
"mix_stock": "0.955544193402213831374243090638",
"mix_savings": "0.0228366879971404449621165093742",
"payout_rate": "0.0585778420936805996160182231324",
"stock_count": "565",
"excise_filed": "16987 USD",
"largest_stock": "598653 USD",
"mir_difference": "-0.25 USD",
"mir_recomputed": "757718.25 USD",
"payout_coverage": "1.19842425927900951897517452354",
"total_assets_fmv": "15319866 USD",
"excise_difference": "0.3799 USD",
"excise_recomputed": "16986.6201 USD",
"distributable_filed": "740731 USD",
"stock_concentration": "0.00938524810292637238895375491478",
"top10_share_of_stock": "0.222200453602475447285363174012",
"net_investment_income": "1222059 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "740731 USD",
"effective_stock_holdings": "106.550193349517788042735614137",
"net_noncharitable_assets": "15154365 USD",
"qualifying_distributions": "887710 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0390769083750471446682366542893",
"largest_stock_halved_share_of_assets": "0.0195384541875235723341183271446"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "598653",
"name": "PIMCO FLEXIBLE CREDIT",
"shareOfAssets": "0.0390769083750471446682366542893"
},
{
"fmv": "594230",
"name": "LORD ABBETT CREDIT",
"shareOfAssets": "0.0387881982779744940327807044787"
},
{
"fmv": "483088",
"name": "NVIDIA",
"shareOfAssets": "0.0315334350835705743118118657174"
},
{
"fmv": "300940",
"name": "META PLATFORMS INC",
"shareOfAssets": "0.0196437749520785625670616179019"
},
{
"fmv": "277257",
"name": "MICROSOFT CORP",
"shareOfAssets": "0.0180978737020284642176374127554"
},
{
"fmv": "239927",
"name": "AMAZON COM INC COM",
"shareOfAssets": "0.0156611683157019780721319625119"
},
{
"fmv": "205570",
"name": "APPLE INC",
"shareOfAssets": "0.0134185246790017615036580607167"
},
{
"fmv": "199127",
"name": "NETFLIX COM INC",
"shareOfAssets": "0.0129979596427279455316384621119"
},
{
"fmv": "178120",
"name": "EATON CORP PLC",
"shareOfAssets": "0.0116267335497582028458995659623"
},
{
"fmv": "175838",
"name": "TESLA INC",
"shareOfAssets": "0.0114777766332943121042964736115"
}
],
"count": 565,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "0dce98ccb3cb47087aed81b942333c1cdea576c12818a11b07b29d56da7a58ab",
"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.