Sealed proof · filed Form 990-PF
128 COLLECTIVE FOUNDATION
EIN 83-2899018, 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 13, 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 distributions5.17×
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 rate25.2%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$41M
end of the tax year, Part II
Largest listed stock8.0%
STATE STREET HEDGED INTERNATIONAL DEVELOPED EQUITY INDEX FUND
If that stock halved−4.0%
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
128 COLLECTIVE FOUNDATION · 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/76d6f6befff7 — 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) | $2,278,693 | $2,278,693 | recomputes exactly |
| Excise tax: 1.39% of net investment income (Part V line 1) | $57,530 | $57,530.3347 | recomputes, within the form's whole-dollar rounding (difference −$0.3347) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $2,221,163 | $2,221,163 | 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) | $623,409 | 1.5% |
| U.S. and state government obligations (line 10a) | $3.8M | 9.3% |
| Corporate stock (line 10b) | $25.7M | 62.6% |
| Corporate bonds (line 10c) | $9.6M | 23.4% |
| Other investments (line 13) | $1.3M | 3.2% |
The ten largest listed stocks, of 515 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 26.8 equal holdings; the ten largest are 50.8% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| STATE STREET HEDGED INTERNATIONAL DEVELOPED EQUITY INDEX FUND | $3.3M | 8.0% |
| APPLE INC | $1.9M | 4.5% |
| NVIDIA CORPORATION | $1.6M | 3.9% |
| MICROSOFT CORPORATION | $1.5M | 3.7% |
| ISHARES RUSSELL 2000 SMALL-CAP INDEX FUND | $1.3M | 3.1% |
| AMAZON.COM INC | $998,444 | 2.4% |
| RBC EMERGING MARKETS EQUITY FUND | $778,037 | 1.9% |
| META PLATFORMS INC | $622,983 | 1.5% |
| TESLA INC | $546,396 | 1.3% |
| ALPHABET INC CLASS A | $540,830 | 1.3% |
Largest other investments (line 13), as listed
| CVI CLEAN ENERGY FUND C LP | $560,319 | 1.4% |
| BLUE BEAR CAPITAL PARTNERS II LP | $223,410 | 0.5% |
| GROUNDFORCE GROWTH I LP | $220,324 | 0.5% |
| G2VP II LLC | $215,718 | 0.5% |
| ACCRUED INTEREST & DIVIDENDS | $87,394 | 0.2% |
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 $2,278,693; recomputed $2,278,693; agrees to the dollar. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $57,530; recomputed $57,530.33; 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 $2,221,163; recomputed $2,221,163; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $11,493,707 against a distributable amount of $2,221,163 (5.17×). |
| 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 | 515 listed holdings sum to Part II line 10b exactly; the largest is 8.0% 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 13 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. | $57,530 | Projected under the assumptions below |
| December 31, 2026 | Distributable amount for the year ending 31 December 2025, to be paid out | $2,221,162 | 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 $1,822,954, $455,738 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, $45573860; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $4138873.
- 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)
f9fa1854b99b979c…· 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
76d6f6befff78733168163ef8ee3f180e221fc3e9dfaa839dfa2f985ee2fd8d7 · recomputed now, matchesreturn Form 990-PF, IRS object
202523179349103617, schema 2024v5.2 — the file as the IRS published it hashes to d61ac6d1a3250d0f…source file
202523179349103617_public.xml inside 2025_TEOS_XML_11C.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 76d6f6befff7 --fetcharithmetic
kernel@2026-09-15.1 · kernel proof 33a8ccf9f7b06d3d…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 = 41047181 USD let mix_savings = share(623409 USD, total_assets_fmv) let mix_government = share(3822114 USD, total_assets_fmv) let mix_stock = share(25706938 USD, total_assets_fmv) let mix_bonds = share(9587555 USD, total_assets_fmv) let mix_other = share(1307165 USD, total_assets_fmv) let net_noncharitable_assets = 45573860 USD let mir_filed = 2278693 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 4138873 USD let excise_filed = 57530 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 2221163 USD let distributable_recomputed = 2278693 USD - 57530 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 11493707 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 = [3295242 USD, 1853609 USD, 1609600 USD, 1526252 USD, 1277489 USD, 998444 USD, 778037 USD, 622983 USD, 546396 USD, 540830 USD, 446201 USD, 332717 USD, 297992 USD, 257257 USD, 227637 USD, 210101 USD, 190450 USD, 189916 USD, 189438 USD, 158807 USD, 153514 USD, 152644 USD, 146441 USD, 121266 USD, 117371 USD, 115144 USD, 113276 USD, 99751 USD, 99142 USD, 98704 USD, 97988 USD, 96713 USD, 95907 USD, 95606 USD, 94334 USD, 90267 USD, 88232 USD, 86635 USD, 86337 USD, 84288 USD, 82801 USD, 80681 USD, 80500 USD, 78933 USD, 78830 USD, 72082 USD, 71849 USD, 68548 USD, 68412 USD, 67376 USD, 67370 USD, 65848 USD, 65778 USD, 64996 USD, 64757 USD, 63914 USD, 62069 USD, 61799 USD, 61701 USD, 61106 USD, 60042 USD, 58339 USD, 57324 USD, 54478 USD, 54406 USD, 53789 USD, 52975 USD, 52539 USD, 52054 USD, 50917 USD, 50287 USD, 50279 USD, 49831 USD, 49704 USD, 46402 USD, 45699 USD, 45577 USD, 45249 USD, 45150 USD, 44691 USD, 44639 USD, 44406 USD, 44353 USD, 44316 USD, 43813 USD, 43240 USD, 42735 USD, 42590 USD, 42055 USD, 42005 USD, 40958 USD, 40710 USD, 40446 USD, 39979 USD, 38287 USD, 38086 USD, 38071 USD, 37831 USD, 37538 USD, 37168 USD, 37041 USD, 36878 USD, 36449 USD, 35729 USD, 35717 USD, 35288 USD, 34950 USD, 34639 USD, 34608 USD, 34283 USD, 34205 USD, 33754 USD, 32763 USD, 32466 USD, 32357 USD, 31904 USD, 31663 USD, 31228 USD, 30681 USD, 30311 USD, 30302 USD, 30280 USD, 30174 USD, 29804 USD, 29659 USD, 29368 USD, 29011 USD, 28495 USD, 27570 USD, 27338 USD, 27250 USD, 27225 USD, 27221 USD, 27181 USD, 26954 USD, 26951 USD, 26941 USD, 26712 USD, 26443 USD, 26277 USD, 25815 USD, 25810 USD, 25738 USD, 25653 USD, 25488 USD, 25448 USD, 25246 USD, 24484 USD, 24389 USD, 24316 USD, 23951 USD, 23745 USD, 23164 USD, 23057 USD, 22800 USD, 22497 USD, 22495 USD, 22447 USD, 22165 USD, 22135 USD, 22018 USD, 21987 USD, 21698 USD, 21640 USD, 21313 USD, 21307 USD, 20954 USD, 20884 USD, 20843 USD, 20809 USD, 20596 USD, 20484 USD, 20414 USD, 20196 USD, 20121 USD, 20098 USD, 19997 USD, 19840 USD, 19811 USD, 19791 USD, 19542 USD, 19496 USD, 19431 USD, 19369 USD, 19262 USD, 19252 USD, 19208 USD, 19201 USD, 19185 USD, 18949 USD, 18911 USD, 18835 USD, 18405 USD, 18178 USD, 17218 USD, 17095 USD, 16948 USD, 16900 USD, 16817 USD, 16781 USD, 16703 USD, 16696 USD, 16503 USD, 16288 USD, 16233 USD, 16169 USD, 15977 USD, 15863 USD, 15853 USD, 15833 USD, 15817 USD, 15741 USD, 15737 USD, 15558 USD, 15437 USD, 15232 USD, 15079 USD, 14969 USD, 14926 USD, 14861 USD, 14782 USD, 14758 USD, 14589 USD, 14365 USD, 14357 USD, 14206 USD, 14065 USD, 13878 USD, 13858 USD, 13832 USD, 13792 USD, 13691 USD, 13671 USD, 13530 USD, 13487 USD, 13460 USD, 13202 USD, 13061 USD, 12944 USD, 12859 USD, 12790 USD, 12762 USD, 12661 USD, 12466 USD, 12439 USD, 12418 USD, 12417 USD, 12358 USD, 12264 USD, 12247 USD, 12243 USD, 11993 USD, 11927 USD, 11925 USD, 11840 USD, 11601 USD, 11512 USD, 11463 USD, 11411 USD, 11348 USD, 11310 USD, 11307 USD, 11129 USD, 11108 USD, 11046 USD, 10933 USD, 10874 USD, 10840 USD, 10780 USD, 10764 USD, 10649 USD, 10598 USD, 10365 USD, 10330 USD, 10275 USD, 10271 USD, 10246 USD, 10155 USD, 10146 USD, 10078 USD, 10003 USD, 9989 USD, 9908 USD, 9904 USD, 9890 USD, 9884 USD, 9856 USD, 9855 USD, 9746 USD, 9718 USD, 9715 USD, 9606 USD, 9596 USD, 9563 USD, 9549 USD, 9515 USD, 9502 USD, 9420 USD, 9374 USD, 9312 USD, 9311 USD, 9259 USD, 9136 USD, 9119 USD, 9112 USD, 9073 USD, 8951 USD, 8926 USD, 8906 USD, 8871 USD, 8838 USD, 8785 USD, 8783 USD, 8761 USD, 8753 USD, 8746 USD, 8735 USD, 8572 USD, 8555 USD, 8514 USD, 8506 USD, 8465 USD, 8387 USD, 8189 USD, 8188 USD, 8098 USD, 8081 USD, 8068 USD, 8023 USD, 7970 USD, 7905 USD, 7878 USD, 7869 USD, 7816 USD, 7815 USD, 7813 USD, 7811 USD, 7744 USD, 7732 USD, 7721 USD, 7676 USD, 7537 USD, 7522 USD, 7458 USD, 7277 USD, 7207 USD, 7195 USD, 7159 USD, 7062 USD, 7034 USD, 7008 USD, 6919 USD, 6852 USD, 6760 USD, 6605 USD, 6555 USD, 6547 USD, 6538 USD, 6509 USD, 6487 USD, 6487 USD, 6255 USD, 6246 USD, 6243 USD, 6229 USD, 6130 USD, 6112 USD, 6098 USD, 6057 USD, 6041 USD, 6026 USD, 5956 USD, 5934 USD, 5860 USD, 5855 USD, 5807 USD, 5779 USD, 5760 USD, 5739 USD, 5699 USD, 5691 USD, 5681 USD, 5677 USD, 5569 USD, 5460 USD, 5457 USD, 5415 USD, 5356 USD, 5344 USD, 5327 USD, 5292 USD, 5290 USD, 5240 USD, 5234 USD, 5224 USD, 5213 USD, 5117 USD, 5097 USD, 5086 USD, 4825 USD, 4825 USD, 4795 USD, 4738 USD, 4710 USD, 4655 USD, 4646 USD, 4620 USD, 4578 USD, 4552 USD, 4546 USD, 4533 USD, 4521 USD, 4481 USD, 4462 USD, 4447 USD, 4362 USD, 4358 USD, 4348 USD, 4324 USD, 4262 USD, 4231 USD, 4206 USD, 4190 USD, 4188 USD, 4155 USD, 4111 USD, 4069 USD, 3958 USD, 3953 USD, 3923 USD, 3909 USD, 3906 USD, 3884 USD, 3861 USD, 3860 USD, 3859 USD, 3730 USD, 3694 USD, 3579 USD, 3476 USD, 3465 USD, 3455 USD, 3444 USD, 3411 USD, 3322 USD, 3320 USD, 3306 USD, 3253 USD, 3172 USD, 3155 USD, 3135 USD, 3134 USD, 3101 USD, 3097 USD, 3066 USD, 3062 USD, 3057 USD, 3014 USD, 2997 USD, 2991 USD, … (7041 characters; the full program is in the body below)
{
"mix": [
{
"fmv": "623409",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.0151876203142914978741171044121"
},
{
"fmv": "3822114",
"line": "government",
"label": "U.S. and state government obligations (line 10a)",
"share": "0.093115139867948544383596037935"
},
{
"fmv": "25706938",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.626277794813729108461796682213"
},
{
"fmv": "9587555",
"line": "bonds",
"label": "Corporate bonds (line 10c)",
"share": "0.233574018152428055899868007988"
},
{
"fmv": "1307165",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.0318454268516027933806221674516"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "832899018",
"name": "128 COLLECTIVE 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": "2278693",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "exact",
"difference": "0",
"recomputed": "2278693"
},
{
"id": "excise_tax",
"note": null,
"filed": "57530",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "-0.3347",
"recomputed": "57530.3347"
},
{
"id": "distributable_amount",
"note": null,
"filed": "2221163",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "2221163"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "4138873",
"grossInvestmentIncome": "4537145",
"netNoncharitableAssets": "45573860",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2024-12-31",
"days": 366,
"begin": "2024-01-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202523179349103617",
"returnTs": "2025-11-13T15:56:21-06:00",
"operating": false,
"sourceSha256": "d61ac6d1a3250d0f94b3ca2a5488f1e279a6a6604d30852cbb22033c8bd6203c",
"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 = 41047181 USD\nlet mix_savings = share(623409 USD, total_assets_fmv)\nlet mix_government = share(3822114 USD, total_assets_fmv)\nlet mix_stock = share(25706938 USD, total_assets_fmv)\nlet mix_bonds = share(9587555 USD, total_assets_fmv)\nlet mix_other = share(1307165 USD, total_assets_fmv)\nlet net_noncharitable_assets = 45573860 USD\nlet mir_filed = 2278693 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 4138873 USD\nlet excise_filed = 57530 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 2221163 USD\nlet distributable_recomputed = 2278693 USD - 57530 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 11493707 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 = [3295242 USD, 1853609 USD, 1609600 USD, 1526252 USD, 1277489 USD, 998444 USD, 778037 USD, 622983 USD, 546396 USD, 540830 USD, 446201 USD, 332717 USD, 297992 USD, 257257 USD, 227637 USD, 210101 USD, 190450 USD, 189916 USD, 189438 USD, 158807 USD, 153514 USD, 152644 USD, 146441 USD, 121266 USD, 117371 USD, 115144 USD, 113276 USD, 99751 USD, 99142 USD, 98704 USD, 97988 USD, 96713 USD, 95907 USD, 95606 USD, 94334 USD, 90267 USD, 88232 USD, 86635 USD, 86337 USD, 84288 USD, 82801 USD, 80681 USD, 80500 USD, 78933 USD, 78830 USD, 72082 USD, 71849 USD, 68548 USD, 68412 USD, 67376 USD, 67370 USD, 65848 USD, 65778 USD, 64996 USD, 64757 USD, 63914 USD, 62069 USD, 61799 USD, 61701 USD, 61106 USD, 60042 USD, 58339 USD, 57324 USD, 54478 USD, 54406 USD, 53789 USD, 52975 USD, 52539 USD, 52054 USD, 50917 USD, 50287 USD, 50279 USD, 49831 USD, 49704 USD, 46402 USD, 45699 USD, 45577 USD, 45249 USD, 45150 USD, 44691 USD, 44639 USD, 44406 USD, 44353 USD, 44316 USD, 43813 USD, 43240 USD, 42735 USD, 42590 USD, 42055 USD, 42005 USD, 40958 USD, 40710 USD, 40446 USD, 39979 USD, 38287 USD, 38086 USD, 38071 USD, 37831 USD, 37538 USD, 37168 USD, 37041 USD, 36878 USD, 36449 USD, 35729 USD, 35717 USD, 35288 USD, 34950 USD, 34639 USD, 34608 USD, 34283 USD, 34205 USD, 33754 USD, 32763 USD, 32466 USD, 32357 USD, 31904 USD, 31663 USD, 31228 USD, 30681 USD, 30311 USD, 30302 USD, 30280 USD, 30174 USD, 29804 USD, 29659 USD, 29368 USD, 29011 USD, 28495 USD, 27570 USD, 27338 USD, 27250 USD, 27225 USD, 27221 USD, 27181 USD, 26954 USD, 26951 USD, 26941 USD, 26712 USD, 26443 USD, 26277 USD, 25815 USD, 25810 USD, 25738 USD, 25653 USD, 25488 USD, 25448 USD, 25246 USD, 24484 USD, 24389 USD, 24316 USD, 23951 USD, 23745 USD, 23164 USD, 23057 USD, 22800 USD, 22497 USD, 22495 USD, 22447 USD, 22165 USD, 22135 USD, 22018 USD, 21987 USD, 21698 USD, 21640 USD, 21313 USD, 21307 USD, 20954 USD, 20884 USD, 20843 USD, 20809 USD, 20596 USD, 20484 USD, 20414 USD, 20196 USD, 20121 USD, 20098 USD, 19997 USD, 19840 USD, 19811 USD, 19791 USD, 19542 USD, 19496 USD, 19431 USD, 19369 USD, 19262 USD, 19252 USD, 19208 USD, 19201 USD, 19185 USD, 18949 USD, 18911 USD, 18835 USD, 18405 USD, 18178 USD, 17218 USD, 17095 USD, 16948 USD, 16900 USD, 16817 USD, 16781 USD, 16703 USD, 16696 USD, 16503 USD, 16288 USD, 16233 USD, 16169 USD, 15977 USD, 15863 USD, 15853 USD, 15833 USD, 15817 USD, 15741 USD, 15737 USD, 15558 USD, 15437 USD, 15232 USD, 15079 USD, 14969 USD, 14926 USD, 14861 USD, 14782 USD, 14758 USD, 14589 USD, 14365 USD, 14357 USD, 14206 USD, 14065 USD, 13878 USD, 13858 USD, 13832 USD, 13792 USD, 13691 USD, 13671 USD, 13530 USD, 13487 USD, 13460 USD, 13202 USD, 13061 USD, 12944 USD, 12859 USD, 12790 USD, 12762 USD, 12661 USD, 12466 USD, 12439 USD, 12418 USD, 12417 USD, 12358 USD, 12264 USD, 12247 USD, 12243 USD, 11993 USD, 11927 USD, 11925 USD, 11840 USD, 11601 USD, 11512 USD, 11463 USD, 11411 USD, 11348 USD, 11310 USD, 11307 USD, 11129 USD, 11108 USD, 11046 USD, 10933 USD, 10874 USD, 10840 USD, 10780 USD, 10764 USD, 10649 USD, 10598 USD, 10365 USD, 10330 USD, 10275 USD, 10271 USD, 10246 USD, 10155 USD, 10146 USD, 10078 USD, 10003 USD, 9989 USD, 9908 USD, 9904 USD, 9890 USD, 9884 USD, 9856 USD, 9855 USD, 9746 USD, 9718 USD, 9715 USD, 9606 USD, 9596 USD, 9563 USD, 9549 USD, 9515 USD, 9502 USD, 9420 USD, 9374 USD, 9312 USD, 9311 USD, 9259 USD, 9136 USD, 9119 USD, 9112 USD, 9073 USD, 8951 USD, 8926 USD, 8906 USD, 8871 USD, 8838 USD, 8785 USD, 8783 USD, 8761 USD, 8753 USD, 8746 USD, 8735 USD, 8572 USD, 8555 USD, 8514 USD, 8506 USD, 8465 USD, 8387 USD, 8189 USD, 8188 USD, 8098 USD, 8081 USD, 8068 USD, 8023 USD, 7970 USD, 7905 USD, 7878 USD, 7869 USD, 7816 USD, 7815 USD, 7813 USD, 7811 USD, 7744 USD, 7732 USD, 7721 USD, 7676 USD, 7537 USD, 7522 USD, 7458 USD, 7277 USD, 7207 USD, 7195 USD, 7159 USD, 7062 USD, 7034 USD, 7008 USD, 6919 USD, 6852 USD, 6760 USD, 6605 USD, 6555 USD, 6547 USD, 6538 USD, 6509 USD, 6487 USD, 6487 USD, 6255 USD, 6246 USD, 6243 USD, 6229 USD, 6130 USD, 6112 USD, 6098 USD, 6057 USD, 6041 USD, 6026 USD, 5956 USD, 5934 USD, 5860 USD, 5855 USD, 5807 USD, 5779 USD, 5760 USD, 5739 USD, 5699 USD, 5691 USD, 5681 USD, 5677 USD, 5569 USD, 5460 USD, 5457 USD, 5415 USD, 5356 USD, 5344 USD, 5327 USD, 5292 USD, 5290 USD, 5240 USD, 5234 USD, 5224 USD, 5213 USD, 5117 USD, 5097 USD, 5086 USD, 4825 USD, 4825 USD, 4795 USD, 4738 USD, 4710 USD, 4655 USD, 4646 USD, 4620 USD, 4578 USD, 4552 USD, 4546 USD, 4533 USD, 4521 USD, 4481 USD, 4462 USD, 4447 USD, 4362 USD, 4358 USD, 4348 USD, 4324 USD, 4262 USD, 4231 USD, 4206 USD, 4190 USD, 4188 USD, 4155 USD, 4111 USD, 4069 USD, 3958 USD, 3953 USD, 3923 USD, 3909 USD, 3906 USD, 3884 USD, 3861 USD, 3860 USD, 3859 USD, 3730 USD, 3694 USD, 3579 USD, 3476 USD, 3465 USD, 3455 USD, 3444 USD, 3411 USD, 3322 USD, 3320 USD, 3306 USD, 3253 USD, 3172 USD, 3155 USD, 3135 USD, 3134 USD, 3101 USD, 3097 USD, 3066 USD, 3062 USD, 3057 USD, 3014 USD, 2997 USD, 2991 USD, 2960 USD, 2917 USD, 2902 USD, 2900 USD, 2898 USD, 2875 USD, 2748 USD, 2738 USD, 2722 USD, 2692 USD, 2679 USD, 2629 USD, 2621 USD, 2522 USD, 2520 USD, 2514 USD, 2507 USD, 2506 USD, 2448 USD, 2386 USD, 2379 USD, 2328 USD, 2282 USD, 2282 USD, 2225 USD, 2208 USD, 2184 USD, 2142 USD, 2076 USD, 2048 USD, 1977 USD, 1974 USD, 1943 USD, 1925 USD, 1798 USD, 1776 USD, 1720 USD, 1695 USD, 1669 USD, 1614 USD, 1512 USD, 1478 USD, 1327 USD, 1318 USD, 1299 USD, 1262 USD, 1235 USD, 1229 USD, 947 USD, 866 USD, 858 USD, 798 USD, 717 USD, 634 USD, 448 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([3295242 USD, 1853609 USD, 1609600 USD, 1526252 USD, 1277489 USD, 998444 USD, 778037 USD, 622983 USD, 546396 USD, 540830 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": "2278693 USD",
"mix_bonds": "0.233574018152428055899868007988",
"mix_other": "0.0318454268516027933806221674516",
"mix_stock": "0.626277794813729108461796682213",
"mix_savings": "0.0151876203142914978741171044121",
"payout_rate": "0.252199550356278796661068428261",
"stock_count": "515",
"excise_filed": "57530 USD",
"largest_stock": "3295242 USD",
"mir_difference": "0 USD",
"mir_recomputed": "2278693 USD",
"mix_government": "0.093115139867948544383596037935",
"payout_coverage": "5.17463463960096580034873622512",
"total_assets_fmv": "41047181 USD",
"excise_difference": "-0.3347 USD",
"excise_recomputed": "57530.3347 USD",
"distributable_filed": "2221163 USD",
"stock_concentration": "0.037271584677439358228958436358",
"top10_share_of_stock": "0.507601566549855140273804682611",
"net_investment_income": "4138873 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "2221163 USD",
"effective_stock_holdings": "26.8300907689955041413582996574",
"net_noncharitable_assets": "45573860 USD",
"qualifying_distributions": "11493707 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0802793741182859792490987383518",
"largest_stock_halved_share_of_assets": "0.0401396870591429896245493691759"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "3295242",
"name": "STATE STREET HEDGED INTERNATIONAL DEVELOPED EQUITY INDEX FUND",
"shareOfAssets": "0.0802793741182859792490987383518"
},
{
"fmv": "1853609",
"name": "APPLE INC",
"shareOfAssets": "0.0451580097546771847742723184815"
},
{
"fmv": "1609600",
"name": "NVIDIA CORPORATION",
"shareOfAssets": "0.0392134115129611458579823057764"
},
{
"fmv": "1526252",
"name": "MICROSOFT CORPORATION",
"shareOfAssets": "0.0371828701220675787699038333473"
},
{
"fmv": "1277489",
"name": "ISHARES RUSSELL 2000 SMALL-CAP INDEX FUND",
"shareOfAssets": "0.0311224539390415142028876477534"
},
{
"fmv": "998444",
"name": "AMAZON.COM INC",
"shareOfAssets": "0.0243243013448353493507873293418"
},
{
"fmv": "778037",
"name": "RBC EMERGING MARKETS EQUITY FUND",
"shareOfAssets": "0.0189546999585671912524272982352"
},
{
"fmv": "622983",
"name": "META PLATFORMS INC",
"shareOfAssets": "0.0151772420132822275907327229122"
},
{
"fmv": "546396",
"name": "TESLA INC",
"shareOfAssets": "0.0133114135170451778405927559313"
},
{
"fmv": "540830",
"name": "ALPHABET INC CLASS A",
"shareOfAssets": "0.0131758134620742895839789826249"
}
],
"count": 515,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "33a8ccf9f7b06d3d7a00b36932b1467be2718aafe8d404cd843f9750eec34eb4",
"otherInvestments": [
{
"fmv": "560319",
"name": "CVI CLEAN ENERGY FUND C LP",
"shareOfAssets": "0.0136506085521439340743034217137"
},
{
"fmv": "223410",
"name": "BLUE BEAR CAPITAL PARTNERS II LP",
"shareOfAssets": "0.00544276109972083101151331196167"
},
{
"fmv": "220324",
"name": "GROUNDFORCE GROWTH I LP",
"shareOfAssets": "0.00536757932292597632953161874868"
},
{
"fmv": "215718",
"name": "G2VP II LLC",
"shareOfAssets": "0.00525536698853935913406574741393"
},
{
"fmv": "87394",
"name": "ACCRUED INTEREST & DIVIDENDS",
"shareOfAssets": "0.00212911088827269283120806761371"
}
]
}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.