Sealed proof · filed Form 990-PF

WALTER CHRISTIAN DEVELOPMENT FOUNDATION

EIN 20-8481719, tax year January 1, 2024 to December 31, 2024. The return the foundation filed, as the IRS published it, with its arithmetic re-done exactly and sealed September 28, 2026.

Listed in the IRS register as WALTER CHRISTIAN DEVELOPMENTFOUNDATION. The name above is as written on the return; the EIN is the same foundation.

This is the latest return the IRS has published for this foundation. Its tax year ended 21 months ago, so a later one may have been filed since and not yet appear in the public file. The IRS received it on August 19, 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.

One field, no account. A person writes to you with the page. Your address goes on our contact list beside this foundation’s name. The page stays either way.

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 distributions0.89×

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 rate4.4%

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

Assets at fair market value$32.6M

end of the tax year, Part II

Largest listed stock3.4%

JANUS DETROIT STR TR HENDERSON MTG

If that stock halved−1.7%

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

WALTER CHRISTIAN DEVELOPMENT 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/82f22b1b935d — 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
LineAs filedRecomputedResult
Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)$1,591,580$1,591,580.1recomputes, within the form's whole-dollar rounding (difference −$0.1)
Excise tax: 1.39% of net investment income (Part V line 1)$20,726$20,725.6506recomputes, within the form's whole-dollar rounding (difference $0.3494)
Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)$1,568,665$1,568,665recomputes exactly

Where the assets sit, at fair market value

Assets by Part II line, at fair market value
Part II lineFair market valueShare of assets
Savings and temporary cash investments (line 2)$1.9M5.9%
U.S. and state government obligations (line 10a)$5M15.3%
Corporate stock (line 10b)$22.6M69.3%
Corporate bonds (line 10c)$2.7M8.3%
Other investments (line 13)$396,2001.2%

The ten largest listed stocks, of 128 on the schedule

The schedule ties to Part II line 10b exactly. It behaves like 61.7 equal holdings; the ten largest are 28.1% of the listed stock.

The ten largest listed stocks
Stock, as listedFair market valueShare of assets
JANUS DETROIT STR TR HENDERSON MTG$1.1M3.4%
ALPHABET INC. (FKA GOOGLE CL A)$663,4962.0%
ISHARES TR MBS ETF$657,1622.0%
BROOKFIELD CORPORATION CLASS A$618,9661.9%
APPLE INC$598,2531.8%
CAL MAINE FOODS INC$598,0681.8%
VONTIER CORPORATION COM$588,9541.8%
DISCOVER FINL SVCS$554,8561.7%
BERKSHIRE HATHAWAY INC$487,2761.5%
NVIDIA CORPORATION$468,0011.4%

Largest other investments (line 13), as listed

Largest other investments, line 13
ENTERPRISE PRODUCT PARTNERS$344,9601.1%
PLAINS ALL AMERICAN$51,2400.2%

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.

ControlReadsResultDetail
Minimum investment returnPart IX line 6 against 5% of line 5, prorated for a short yearagreesFiled $1,591,580; recomputed $1,591,580.1; agrees within the form's whole-dollar rounding.
Excise taxPart V line 1 against 1.39% of net investment incomeagreesFiled $20,726; recomputed $20,725.65; agrees within the form's whole-dollar rounding.
Distributable amountPart X line 7 against the form's own chain from line 1agreesFiled $1,568,665; recomputed $1,568,665; agrees to the dollar.
Payout coveragePart XI total against Part X line 7reportedQualifying distributions $1,399,261 against a distributable amount of $1,568,665 (0.89×).
Payout deadlinePart XII undistributed income and the date it falls duereportedPart 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-outThe corporate-stock schedule against Part II line 10bagrees128 listed holdings sum to Part II line 10b exactly; the largest is 3.4% of total assets.
The foundation's own answersPart VI-B 2a, 3a, 3b, 4a and 4b, each answeredreportedAll 4 answered No (3b not asked: 3a is No).
Filing timelinessThe e-file timestamp beside the original due date and the extension window, each with its IRC §7503 roll to the next business dayreportedReturn timestamped 19 August 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 continuityThis year's opening balances against last year's closingnot checkedNeeds 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.

ByWhatAmountBasis
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.$20,725Projected under the assumptions below
December 31, 2026Distributable amount for the year ending 31 December 2025, to be paid out$1,570,854Projected 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 $1,273,264, $318,316 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, $31831602; the thirteen-month average is not observable from a filing.
  • Net investment income for that year equals this return's, $1491054.
  • 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) 9a70bcfdfa76da63… · 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 82f22b1b935d899c839ff43eb3d4d7c887cf6281f0ecdd9583343c74e0db56e2 · recomputed now, matches
return Form 990-PF, IRS object 202512319349100216, schema 2024v5.2 — the file as the IRS published it hashes to deb7675d2147d970…
source file 202512319349100216_public.xml inside 2025_TEOS_XML_08A.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 82f22b1b935d --fetch
arithmetic kernel@2026-09-15.1 · kernel proof f58ec163110262f3…
rules b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b · commit bb0c3ac309b9 — 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 = 32647088 USD
let mix_savings = share(1923746 USD, total_assets_fmv)
let mix_government = share(5000651 USD, total_assets_fmv)
let mix_stock = share(22625348 USD, total_assets_fmv)
let mix_bonds = share(2696140 USD, total_assets_fmv)
let mix_other = share(396200 USD, total_assets_fmv)
let net_noncharitable_assets = 31831602 USD
let mir_filed = 1591580 USD
let mir_recomputed = net_noncharitable_assets * 5%
let mir_difference = mir_filed - mir_recomputed
let net_investment_income = 1491054 USD
let excise_filed = 20726 USD
let excise_recomputed = net_investment_income * 1.39%
let excise_difference = excise_filed - excise_recomputed
let distributable_filed = 1568665 USD
let distributable_recomputed = 1591580 USD - 22915 USD + 0 USD - 0 USD
let distributable_difference = distributable_filed - distributable_recomputed
let qualifying_distributions = 1399261 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 = [1116826 USD, 663496 USD, 657162 USD, 618966 USD, 598253 USD, 598068 USD, 588954 USD, 554856 USD, 487276 USD, 468001 USD, 461895 USD, 458101 USD, 452592 USD, 449360 USD, 448548 USD, 423056 USD, 420389 USD, 414873 USD, 413492 USD, 408465 USD, 408229 USD, 391919 USD, 387145 USD, 349894 USD, 343012 USD, 309188 USD, 299687 USD, 290560 USD, 266550 USD, 250100 USD, 249885 USD, 241248 USD, 226220 USD, 202197 USD, 200305 USD, 173311 USD, 164945 USD, 164606 USD, 162288 USD, 136155 USD, 135180 USD, 135180 USD, 130652 USD, 128203 USD, 127700 USD, 124292 USD, 123462 USD, 120996 USD, 115327 USD, 110277 USD, 107993 USD, 103881 USD, 101053 USD, 100951 USD, 100255 USD, 99919 USD, 99722 USD, 98597 USD, 98025 USD, 96603 USD, 96045 USD, 94904 USD, 92224 USD, 90871 USD, 89532 USD, 88787 USD, 88713 USD, 88443 USD, 87509 USD, 86915 USD, 86458 USD, 85079 USD, 84554 USD, 83381 USD, 83118 USD, 79832 USD, 78442 USD, 77706 USD, 75999 USD, 74769 USD, 74609 USD, 74366 USD, 73789 USD, 72090 USD, 71963 USD, 71429 USD, 71326 USD, 71114 USD, 70480 USD, 69466 USD, 69096 USD, 68737 USD, 68599 USD, 66348 USD, 66069 USD, 65600 USD, 64582 USD, 64449 USD, 63840 USD, 63794 USD, 62717 USD, 61065 USD, 59769 USD, 59600 USD, 57618 USD, 57397 USD, 56851 USD, 56784 USD, 56638 USD, 55829 USD, 55092 USD, 53633 USD, 52836 USD, 51650 USD, 51467 USD, 51149 USD, 49526 USD, 48604 USD, 46915 USD, 45998 USD, 44453 USD, 43527 USD, 42152 USD, 42106 USD, 38303 USD, 29631 USD, 13780 USD, 6890 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([1116826 USD, 663496 USD, 657162 USD, 618966 USD, 598253 USD, 598068 USD, 588954 USD, 554856 USD, 487276 USD, 468001 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": "1923746",
      "line": "savings",
      "label": "Savings and temporary cash investments (line 2)",
      "share": "0.0589255004918049658824088690544"
    },
    {
      "fmv": "5000651",
      "line": "government",
      "label": "U.S. and state government obligations (line 10a)",
      "share": "0.153172956803988153552929437382"
    },
    {
      "fmv": "22625348",
      "line": "stock",
      "label": "Corporate stock (line 10b)",
      "share": "0.693028058122672380458557283884"
    },
    {
      "fmv": "2696140",
      "line": "bonds",
      "label": "Corporate bonds (line 10c)",
      "share": "0.0825843946633157603520411988965"
    },
    {
      "fmv": "396200",
      "line": "other",
      "label": "Other investments (line 13)",
      "share": "0.012135845010127702660647712286"
    }
  ],
  "kind": "public-filing-990pf",
  "lens": "AXIOM",
  "build": {
    "commit": "bb0c3ac309b908a3322a65d096f5a7ca733df4c2",
    "digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
  },
  "filer": {
    "ein": "208481719",
    "name": "WALTER CHRISTIAN DEVELOPMENT 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": "1591580",
      "label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
      "verdict": "rounding",
      "difference": "-0.1",
      "recomputed": "1591580.1"
    },
    {
      "id": "excise_tax",
      "note": null,
      "filed": "20726",
      "label": "Excise tax: 1.39% of net investment income (Part V line 1)",
      "verdict": "rounding",
      "difference": "0.3494",
      "recomputed": "20725.6506"
    },
    {
      "id": "distributable_amount",
      "note": null,
      "filed": "1568665",
      "label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
      "verdict": "exact",
      "difference": "0",
      "recomputed": "1568665"
    }
  ],
  "engine": "kernel@2026-09-15.1",
  "source": {
    "form": "990-PF",
    "lines": {
      "netInvestmentIncome": "1491054",
      "grossInvestmentIncome": "1593144",
      "netNoncharitableAssets": "31831602",
      "undistributedCurrentYear": "0"
    },
    "period": {
      "end": "2024-12-31",
      "days": 366,
      "begin": "2024-01-01"
    },
    "amended": false,
    "foreign": {
      "organization": false,
      "meets85PctTest": false
    },
    "objectId": "202512319349100216",
    "returnTs": "2025-08-19T14:42:02-05:00",
    "operating": false,
    "sourceSha256": "deb7675d2147d9707bdf536d0cae9d5e6000c513ac770b99b021d69d7df04d5f",
    "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 = 32647088 USD\nlet mix_savings = share(1923746 USD, total_assets_fmv)\nlet mix_government = share(5000651 USD, total_assets_fmv)\nlet mix_stock = share(22625348 USD, total_assets_fmv)\nlet mix_bonds = share(2696140 USD, total_assets_fmv)\nlet mix_other = share(396200 USD, total_assets_fmv)\nlet net_noncharitable_assets = 31831602 USD\nlet mir_filed = 1591580 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 1491054 USD\nlet excise_filed = 20726 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 1568665 USD\nlet distributable_recomputed = 1591580 USD - 22915 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 1399261 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 = [1116826 USD, 663496 USD, 657162 USD, 618966 USD, 598253 USD, 598068 USD, 588954 USD, 554856 USD, 487276 USD, 468001 USD, 461895 USD, 458101 USD, 452592 USD, 449360 USD, 448548 USD, 423056 USD, 420389 USD, 414873 USD, 413492 USD, 408465 USD, 408229 USD, 391919 USD, 387145 USD, 349894 USD, 343012 USD, 309188 USD, 299687 USD, 290560 USD, 266550 USD, 250100 USD, 249885 USD, 241248 USD, 226220 USD, 202197 USD, 200305 USD, 173311 USD, 164945 USD, 164606 USD, 162288 USD, 136155 USD, 135180 USD, 135180 USD, 130652 USD, 128203 USD, 127700 USD, 124292 USD, 123462 USD, 120996 USD, 115327 USD, 110277 USD, 107993 USD, 103881 USD, 101053 USD, 100951 USD, 100255 USD, 99919 USD, 99722 USD, 98597 USD, 98025 USD, 96603 USD, 96045 USD, 94904 USD, 92224 USD, 90871 USD, 89532 USD, 88787 USD, 88713 USD, 88443 USD, 87509 USD, 86915 USD, 86458 USD, 85079 USD, 84554 USD, 83381 USD, 83118 USD, 79832 USD, 78442 USD, 77706 USD, 75999 USD, 74769 USD, 74609 USD, 74366 USD, 73789 USD, 72090 USD, 71963 USD, 71429 USD, 71326 USD, 71114 USD, 70480 USD, 69466 USD, 69096 USD, 68737 USD, 68599 USD, 66348 USD, 66069 USD, 65600 USD, 64582 USD, 64449 USD, 63840 USD, 63794 USD, 62717 USD, 61065 USD, 59769 USD, 59600 USD, 57618 USD, 57397 USD, 56851 USD, 56784 USD, 56638 USD, 55829 USD, 55092 USD, 53633 USD, 52836 USD, 51650 USD, 51467 USD, 51149 USD, 49526 USD, 48604 USD, 46915 USD, 45998 USD, 44453 USD, 43527 USD, 42152 USD, 42106 USD, 38303 USD, 29631 USD, 13780 USD, 6890 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([1116826 USD, 663496 USD, 657162 USD, 618966 USD, 598253 USD, 598068 USD, 588954 USD, 554856 USD, 487276 USD, 468001 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": "1591580 USD",
    "mix_bonds": "0.0825843946633157603520411988965",
    "mix_other": "0.012135845010127702660647712286",
    "mix_stock": "0.693028058122672380458557283884",
    "mix_savings": "0.0589255004918049658824088690544",
    "payout_rate": "0.0439582337074960914628173599305",
    "stock_count": "128",
    "excise_filed": "20726 USD",
    "largest_stock": "1116826 USD",
    "mir_difference": "-0.1 USD",
    "mir_recomputed": "1591580.1 USD",
    "mix_government": "0.153172956803988153552929437382",
    "payout_coverage": "0.892007535069629270749331437879",
    "total_assets_fmv": "32647088 USD",
    "excise_difference": "0.3494 USD",
    "excise_recomputed": "20725.6506 USD",
    "distributable_filed": "1568665 USD",
    "stock_concentration": "0.0162012958290660977939863958028",
    "top10_share_of_stock": "0.28074078683784222899024580749",
    "net_investment_income": "1491054 USD",
    "distributable_difference": "0 USD",
    "distributable_recomputed": "1568665 USD",
    "effective_stock_holdings": "61.7234578363750347885708800198",
    "net_noncharitable_assets": "31831602 USD",
    "qualifying_distributions": "1399261 USD",
    "undistributed_to_next_year": "0 USD",
    "largest_stock_share_of_assets": "0.0342090541122687573237772385703",
    "largest_stock_halved_share_of_assets": "0.0171045270561343786618886192851"
  },
  "version": 2,
  "holdings": {
    "tie": "exact",
    "top": [
      {
        "fmv": "1116826",
        "name": "JANUS DETROIT STR TR HENDERSON MTG",
        "shareOfAssets": "0.0342090541122687573237772385703"
      },
      {
        "fmv": "663496",
        "name": "ALPHABET INC. (FKA GOOGLE CL A)",
        "shareOfAssets": "0.0203232827381112826969437519205"
      },
      {
        "fmv": "657162",
        "name": "ISHARES TR MBS ETF",
        "shareOfAssets": "0.0201292684970861719734391012148"
      },
      {
        "fmv": "618966",
        "name": "BROOKFIELD CORPORATION CLASS A",
        "shareOfAssets": "0.0189593019751103069284464207037"
      },
      {
        "fmv": "598253",
        "name": "APPLE INC",
        "shareOfAssets": "0.0183248502898635247345796966639"
      },
      {
        "fmv": "598068",
        "name": "CAL MAINE FOODS INC",
        "shareOfAssets": "0.0183191836282611178062803028558"
      },
      {
        "fmv": "588954",
        "name": "VONTIER CORPORATION COM",
        "shareOfAssets": "0.0180400163101836218899523289795"
      },
      {
        "fmv": "554856",
        "name": "DISCOVER FINL SVCS",
        "shareOfAssets": "0.0169955740003518843702078421206"
      },
      {
        "fmv": "487276",
        "name": "BERKSHIRE HATHAWAY INC",
        "shareOfAssets": "0.0149255578322942615892725256231"
      },
      {
        "fmv": "468001",
        "name": "NVIDIA CORPORATION",
        "shareOfAssets": "0.0143351529545299721678086572377"
      }
    ],
    "count": 128,
    "schedule": "Corporate stock (line 10b)"
  },
  "refusals": [],
  "blankLines": [],
  "kernelProof": "f58ec163110262f389a8f79099deff73ee45d6c80e3ca7cf91490c5aea18f766",
  "otherInvestments": [
    {
      "fmv": "344960",
      "name": "ENTERPRISE PRODUCT PARTNERS",
      "shareOfAssets": "0.0105663328992772647900480434886"
    },
    {
      "fmv": "51240",
      "name": "PLAINS ALL AMERICAN",
      "shareOfAssets": "0.00156951211085043787059966879741"
    }
  ]
}

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.