Sealed proof · filed Form 990-PF
CESTRA BUTNER FAMILY FOUNDATION
EIN 81-0730704, 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 11, 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 distributions2.18×
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 rate10.7%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$12.8M
end of the tax year, Part II
Largest listed stock8.7%
GQG PARTNERS EMRG MKTS EQ INS
If that stock halved−4.3%
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
CESTRA BUTNER FAMILY 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/8f2df37a8ee1 — 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) | $659,389 | $659,388.95 | recomputes, within the form's whole-dollar rounding (difference $0.05) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $10,844 | $10,843.529 | recomputes, within the form's whole-dollar rounding (difference $0.471) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $648,545 | $648,545 | recomputes exactly |
Where the assets sit, at fair market value
| Part II line | Fair market value | Share of assets |
|---|---|---|
| Cash (line 1) | $332,607 | 2.6% |
| Savings and temporary cash investments (line 2) | $360,891 | 2.8% |
| U.S. and state government obligations (line 10a) | $1.5M | 11.8% |
| Corporate stock (line 10b) | $7.8M | 60.7% |
| Corporate bonds (line 10c) | $729,460 | 5.7% |
| Other investments (line 13) | $2.1M | 16.4% |
The ten largest listed stocks, of 365 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 25.7 equal holdings; the ten largest are 40.9% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| GQG PARTNERS EMRG MKTS EQ INS | $1.1M | 8.7% |
| VANGUARD FTSE DEVELOPED MKTS E | $893,612 | 7.0% |
| MICROSOFT CORP | $223,817 | 1.7% |
| NVIDIA CORPORATION | $214,730 | 1.7% |
| AMAZON COM INC | $174,634 | 1.4% |
| APPLE INC | $171,788 | 1.3% |
| META PLATFORMS INC CL A | $110,661 | 0.9% |
| BROADCOM INC | $105,024 | 0.8% |
| BLACKROCK BATS | $97,591 | 0.8% |
| ALPHABET INC CL C | $77,318 | 0.6% |
Largest other investments (line 13), as listed
| NH NET REIT - CLASS F-1 | $503,634 | 3.9% |
| BREIT CL I | $363,829 | 2.8% |
| BROOKFIELD REIT CL I | $289,828 | 2.3% |
| HUDSON BAY LTD TRNCHE II MS | $289,561 | 2.3% |
| BLUE OWL CREDIT INC CORP | $287,146 | 2.2% |
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 $659,389; recomputed $659,388.95; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $10,844; recomputed $10,843.52; 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 $648,545; recomputed $648,545; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $1,414,458 against a distributable amount of $648,545 (2.18×). |
| 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 | 365 listed holdings sum to Part II line 10b exactly; the largest is 8.7% 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 11 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. | $10,843 | Projected under the assumptions below |
| December 31, 2026 | Distributable amount for the year ending 31 December 2025, to be paid out | $648,545 | 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 $527,511, $131,877 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, $13187779; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $780110.
- 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)
a5a001013ec5bff9…· 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
8f2df37a8ee11c0905f65dfe3f1bec8759e3d425a8c9bac4274ae3c368b1c051 · recomputed now, matchesreturn Form 990-PF, IRS object
202543159349102469, schema 2024v5.2 — the file as the IRS published it hashes to ea4e1e170bf3b968…source file
202543159349102469_public.xml inside 2025_TEOS_XML_11B.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 8f2df37a8ee1 --fetcharithmetic
kernel@2026-09-15.1 · kernel proof f8c1b014872b0a95…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 = 12819757 USD let mix_cash = share(332607 USD, total_assets_fmv) let mix_savings = share(360891 USD, total_assets_fmv) let mix_government = share(1515568 USD, total_assets_fmv) let mix_stock = share(7777621 USD, total_assets_fmv) let mix_bonds = share(729460 USD, total_assets_fmv) let mix_other = share(2103610 USD, total_assets_fmv) let net_noncharitable_assets = 13187779 USD let mir_filed = 659389 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 780110 USD let excise_filed = 10844 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 648545 USD let distributable_recomputed = 659389 USD - 10844 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 1414458 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 = [1114564 USD, 893612 USD, 223817 USD, 214730 USD, 174634 USD, 171788 USD, 110661 USD, 105024 USD, 97591 USD, 77318 USD, 75518 USD, 66162 USD, 59892 USD, 54251 USD, 53332 USD, 52730 USD, 50619 USD, 48906 USD, 47077 USD, 43153 USD, 42957 USD, 42799 USD, 42449 USD, 42150 USD, 41575 USD, 40766 USD, 39939 USD, 39821 USD, 38640 USD, 38407 USD, 37119 USD, 36101 USD, 35866 USD, 35429 USD, 35001 USD, 34965 USD, 34536 USD, 34070 USD, 33701 USD, 33362 USD, 33290 USD, 33285 USD, 32640 USD, 32570 USD, 32562 USD, 32084 USD, 32076 USD, 30726 USD, 30530 USD, 30500 USD, 30441 USD, 29657 USD, 29473 USD, 29397 USD, 28812 USD, 28051 USD, 27930 USD, 27928 USD, 27683 USD, 27616 USD, 27613 USD, 27057 USD, 26999 USD, 26903 USD, 26893 USD, 26575 USD, 26550 USD, 26313 USD, 26145 USD, 25846 USD, 25753 USD, 25704 USD, 25698 USD, 25477 USD, 24733 USD, 24460 USD, 24456 USD, 24377 USD, 24126 USD, 24108 USD, 24027 USD, 24027 USD, 23979 USD, 23972 USD, 23788 USD, 23696 USD, 23366 USD, 23112 USD, 23030 USD, 22751 USD, 22591 USD, 21976 USD, 21723 USD, 21619 USD, 21591 USD, 21212 USD, 20852 USD, 20690 USD, 20322 USD, 20306 USD, 20082 USD, 19780 USD, 19650 USD, 19633 USD, 19394 USD, 19296 USD, 18843 USD, 18347 USD, 18307 USD, 17730 USD, 17623 USD, 17113 USD, 16951 USD, 16689 USD, 16358 USD, 16162 USD, 16017 USD, 15490 USD, 15391 USD, 15350 USD, 14979 USD, 14485 USD, 13652 USD, 13611 USD, 13015 USD, 12686 USD, 12575 USD, 12471 USD, 12397 USD, 11929 USD, 11766 USD, 11669 USD, 11516 USD, 11513 USD, 11365 USD, 11347 USD, 11161 USD, 11105 USD, 11009 USD, 10972 USD, 10935 USD, 10843 USD, 10690 USD, 10569 USD, 10477 USD, 10431 USD, 10387 USD, 10347 USD, 10256 USD, 10160 USD, 10043 USD, 10015 USD, 9974 USD, 9920 USD, 9742 USD, 9561 USD, 9363 USD, 9329 USD, 9231 USD, 8976 USD, 8921 USD, 8857 USD, 8787 USD, 8760 USD, 8700 USD, 8613 USD, 8547 USD, 8542 USD, 8311 USD, 8236 USD, 8137 USD, 8121 USD, 8114 USD, 8034 USD, 7880 USD, 7789 USD, 7736 USD, 7649 USD, 7626 USD, 7597 USD, 7474 USD, 7382 USD, 7184 USD, 7032 USD, 6918 USD, 6866 USD, 6820 USD, 6773 USD, 6680 USD, 6666 USD, 6502 USD, 6455 USD, 6339 USD, 6299 USD, 6279 USD, 6160 USD, 6136 USD, 6101 USD, 6069 USD, 6000 USD, 5989 USD, 5887 USD, 5881 USD, 5822 USD, 5820 USD, 5780 USD, 5739 USD, 5702 USD, 5689 USD, 5626 USD, 5621 USD, 5594 USD, 5543 USD, 5505 USD, 5440 USD, 5412 USD, 5381 USD, 5367 USD, 5341 USD, 5203 USD, 5186 USD, 5161 USD, 5136 USD, 5117 USD, 5022 USD, 4996 USD, 4990 USD, 4979 USD, 4975 USD, 4958 USD, 4949 USD, 4948 USD, 4945 USD, 4942 USD, 4929 USD, 4861 USD, 4834 USD, 4815 USD, 4812 USD, 4807 USD, 4805 USD, 4794 USD, 4768 USD, 4695 USD, 4691 USD, 4691 USD, 4691 USD, 4650 USD, 4639 USD, 4607 USD, 4581 USD, 4558 USD, 4473 USD, 4468 USD, 4448 USD, 4366 USD, 4341 USD, 4301 USD, 4260 USD, 4209 USD, 4202 USD, 4143 USD, 4142 USD, 4057 USD, 4028 USD, 4028 USD, 4026 USD, 4006 USD, 4002 USD, 3996 USD, 3989 USD, 3963 USD, 3951 USD, 3920 USD, 3774 USD, 3755 USD, 3743 USD, 3655 USD, 3633 USD, 3618 USD, 3595 USD, 3590 USD, 3583 USD, 3574 USD, 3567 USD, 3539 USD, 3537 USD, 3510 USD, 3507 USD, 3506 USD, 3426 USD, 3421 USD, 3408 USD, 3392 USD, 3378 USD, 3327 USD, 3288 USD, 3286 USD, 3231 USD, 3230 USD, 3185 USD, 3183 USD, 3140 USD, 3093 USD, 3079 USD, 3036 USD, 2985 USD, 2982 USD, 2955 USD, 2950 USD, 2945 USD, 2941 USD, 2938 USD, 2846 USD, 2839 USD, 2837 USD, 2832 USD, 2793 USD, 2788 USD, 2765 USD, 2763 USD, 2757 USD, 2755 USD, 2749 USD, 2703 USD, 2702 USD, 2698 USD, 2686 USD, 2678 USD, 2665 USD, 2628 USD, 2569 USD, 2554 USD, 2545 USD, 2545 USD, 2544 USD, 2524 USD, 2505 USD, 2466 USD, 2451 USD, 2423 USD, 2408 USD, 2364 USD, 2350 USD, 2349 USD, 2341 USD, 2314 USD, 2304 USD, 2215 USD, 2209 USD, 2188 USD, 2183 USD, 2161 USD, 2072 USD, 2061 USD, 2059 USD, 2056 USD, 1971 USD, 1970 USD, 1905 USD, 1762 USD, 1733 USD, 1670 USD, 1513 USD, 706 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([1114564 USD, 893612 USD, 223817 USD, 214730 USD, 174634 USD, 171788 USD, 110661 USD, 105024 USD, 97591 USD, 77318 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": "332607",
"line": "cash",
"label": "Cash (line 1)",
"share": "0.0259448755541934219189958124791"
},
{
"fmv": "360891",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.0281511576233465267711392657443"
},
{
"fmv": "1515568",
"line": "government",
"label": "U.S. and state government obligations (line 10a)",
"share": "0.118221273616964814543676607911"
},
{
"fmv": "7777621",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.606690204814334624283440005922"
},
{
"fmv": "729460",
"line": "bonds",
"label": "Corporate bonds (line 10c)",
"share": "0.0569012345553819779891303711919"
},
{
"fmv": "2103610",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.164091253835778634493617936752"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "810730704",
"name": "CESTRA BUTNER FAMILY 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": "659389",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "0.05",
"recomputed": "659388.95"
},
{
"id": "excise_tax",
"note": null,
"filed": "10844",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "0.471",
"recomputed": "10843.529"
},
{
"id": "distributable_amount",
"note": null,
"filed": "648545",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "648545"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "780110",
"grossInvestmentIncome": "856907",
"netNoncharitableAssets": "13187779",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2024-12-31",
"days": 366,
"begin": "2024-01-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202543159349102469",
"returnTs": "2025-11-11T17:36:37-06:00",
"operating": false,
"sourceSha256": "ea4e1e170bf3b968978d3680e143d539b98a9a25c85e5203764822d1ece4d663",
"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 = 12819757 USD\nlet mix_cash = share(332607 USD, total_assets_fmv)\nlet mix_savings = share(360891 USD, total_assets_fmv)\nlet mix_government = share(1515568 USD, total_assets_fmv)\nlet mix_stock = share(7777621 USD, total_assets_fmv)\nlet mix_bonds = share(729460 USD, total_assets_fmv)\nlet mix_other = share(2103610 USD, total_assets_fmv)\nlet net_noncharitable_assets = 13187779 USD\nlet mir_filed = 659389 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 780110 USD\nlet excise_filed = 10844 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 648545 USD\nlet distributable_recomputed = 659389 USD - 10844 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 1414458 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 = [1114564 USD, 893612 USD, 223817 USD, 214730 USD, 174634 USD, 171788 USD, 110661 USD, 105024 USD, 97591 USD, 77318 USD, 75518 USD, 66162 USD, 59892 USD, 54251 USD, 53332 USD, 52730 USD, 50619 USD, 48906 USD, 47077 USD, 43153 USD, 42957 USD, 42799 USD, 42449 USD, 42150 USD, 41575 USD, 40766 USD, 39939 USD, 39821 USD, 38640 USD, 38407 USD, 37119 USD, 36101 USD, 35866 USD, 35429 USD, 35001 USD, 34965 USD, 34536 USD, 34070 USD, 33701 USD, 33362 USD, 33290 USD, 33285 USD, 32640 USD, 32570 USD, 32562 USD, 32084 USD, 32076 USD, 30726 USD, 30530 USD, 30500 USD, 30441 USD, 29657 USD, 29473 USD, 29397 USD, 28812 USD, 28051 USD, 27930 USD, 27928 USD, 27683 USD, 27616 USD, 27613 USD, 27057 USD, 26999 USD, 26903 USD, 26893 USD, 26575 USD, 26550 USD, 26313 USD, 26145 USD, 25846 USD, 25753 USD, 25704 USD, 25698 USD, 25477 USD, 24733 USD, 24460 USD, 24456 USD, 24377 USD, 24126 USD, 24108 USD, 24027 USD, 24027 USD, 23979 USD, 23972 USD, 23788 USD, 23696 USD, 23366 USD, 23112 USD, 23030 USD, 22751 USD, 22591 USD, 21976 USD, 21723 USD, 21619 USD, 21591 USD, 21212 USD, 20852 USD, 20690 USD, 20322 USD, 20306 USD, 20082 USD, 19780 USD, 19650 USD, 19633 USD, 19394 USD, 19296 USD, 18843 USD, 18347 USD, 18307 USD, 17730 USD, 17623 USD, 17113 USD, 16951 USD, 16689 USD, 16358 USD, 16162 USD, 16017 USD, 15490 USD, 15391 USD, 15350 USD, 14979 USD, 14485 USD, 13652 USD, 13611 USD, 13015 USD, 12686 USD, 12575 USD, 12471 USD, 12397 USD, 11929 USD, 11766 USD, 11669 USD, 11516 USD, 11513 USD, 11365 USD, 11347 USD, 11161 USD, 11105 USD, 11009 USD, 10972 USD, 10935 USD, 10843 USD, 10690 USD, 10569 USD, 10477 USD, 10431 USD, 10387 USD, 10347 USD, 10256 USD, 10160 USD, 10043 USD, 10015 USD, 9974 USD, 9920 USD, 9742 USD, 9561 USD, 9363 USD, 9329 USD, 9231 USD, 8976 USD, 8921 USD, 8857 USD, 8787 USD, 8760 USD, 8700 USD, 8613 USD, 8547 USD, 8542 USD, 8311 USD, 8236 USD, 8137 USD, 8121 USD, 8114 USD, 8034 USD, 7880 USD, 7789 USD, 7736 USD, 7649 USD, 7626 USD, 7597 USD, 7474 USD, 7382 USD, 7184 USD, 7032 USD, 6918 USD, 6866 USD, 6820 USD, 6773 USD, 6680 USD, 6666 USD, 6502 USD, 6455 USD, 6339 USD, 6299 USD, 6279 USD, 6160 USD, 6136 USD, 6101 USD, 6069 USD, 6000 USD, 5989 USD, 5887 USD, 5881 USD, 5822 USD, 5820 USD, 5780 USD, 5739 USD, 5702 USD, 5689 USD, 5626 USD, 5621 USD, 5594 USD, 5543 USD, 5505 USD, 5440 USD, 5412 USD, 5381 USD, 5367 USD, 5341 USD, 5203 USD, 5186 USD, 5161 USD, 5136 USD, 5117 USD, 5022 USD, 4996 USD, 4990 USD, 4979 USD, 4975 USD, 4958 USD, 4949 USD, 4948 USD, 4945 USD, 4942 USD, 4929 USD, 4861 USD, 4834 USD, 4815 USD, 4812 USD, 4807 USD, 4805 USD, 4794 USD, 4768 USD, 4695 USD, 4691 USD, 4691 USD, 4691 USD, 4650 USD, 4639 USD, 4607 USD, 4581 USD, 4558 USD, 4473 USD, 4468 USD, 4448 USD, 4366 USD, 4341 USD, 4301 USD, 4260 USD, 4209 USD, 4202 USD, 4143 USD, 4142 USD, 4057 USD, 4028 USD, 4028 USD, 4026 USD, 4006 USD, 4002 USD, 3996 USD, 3989 USD, 3963 USD, 3951 USD, 3920 USD, 3774 USD, 3755 USD, 3743 USD, 3655 USD, 3633 USD, 3618 USD, 3595 USD, 3590 USD, 3583 USD, 3574 USD, 3567 USD, 3539 USD, 3537 USD, 3510 USD, 3507 USD, 3506 USD, 3426 USD, 3421 USD, 3408 USD, 3392 USD, 3378 USD, 3327 USD, 3288 USD, 3286 USD, 3231 USD, 3230 USD, 3185 USD, 3183 USD, 3140 USD, 3093 USD, 3079 USD, 3036 USD, 2985 USD, 2982 USD, 2955 USD, 2950 USD, 2945 USD, 2941 USD, 2938 USD, 2846 USD, 2839 USD, 2837 USD, 2832 USD, 2793 USD, 2788 USD, 2765 USD, 2763 USD, 2757 USD, 2755 USD, 2749 USD, 2703 USD, 2702 USD, 2698 USD, 2686 USD, 2678 USD, 2665 USD, 2628 USD, 2569 USD, 2554 USD, 2545 USD, 2545 USD, 2544 USD, 2524 USD, 2505 USD, 2466 USD, 2451 USD, 2423 USD, 2408 USD, 2364 USD, 2350 USD, 2349 USD, 2341 USD, 2314 USD, 2304 USD, 2215 USD, 2209 USD, 2188 USD, 2183 USD, 2161 USD, 2072 USD, 2061 USD, 2059 USD, 2056 USD, 1971 USD, 1970 USD, 1905 USD, 1762 USD, 1733 USD, 1670 USD, 1513 USD, 706 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([1114564 USD, 893612 USD, 223817 USD, 214730 USD, 174634 USD, 171788 USD, 110661 USD, 105024 USD, 97591 USD, 77318 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": "0.0259448755541934219189958124791",
"mir_filed": "659389 USD",
"mix_bonds": "0.0569012345553819779891303711919",
"mix_other": "0.164091253835778634493617936752",
"mix_stock": "0.606690204814334624283440005922",
"mix_savings": "0.0281511576233465267711392657443",
"payout_rate": "0.107255209539074016936437894508",
"stock_count": "365",
"excise_filed": "10844 USD",
"largest_stock": "1114564 USD",
"mir_difference": "0.05 USD",
"mir_recomputed": "659388.95 USD",
"mix_government": "0.118221273616964814543676607911",
"payout_coverage": "2.18097125103115435320602271238",
"total_assets_fmv": "12819757 USD",
"excise_difference": "0.471 USD",
"excise_recomputed": "10843.529 USD",
"distributable_filed": "648545 USD",
"stock_concentration": "0.0389177832721494588600269667233",
"top10_share_of_stock": "0.409346122676844243246103146451",
"net_investment_income": "780110 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "648545 USD",
"effective_stock_holdings": "25.6951942254024797931944207456",
"net_noncharitable_assets": "13187779 USD",
"qualifying_distributions": "1414458 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0869411175266426656917131892594",
"largest_stock_halved_share_of_assets": "0.0434705587633213328458565946297"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "1114564",
"name": "GQG PARTNERS EMRG MKTS EQ INS",
"shareOfAssets": "0.0869411175266426656917131892594"
},
{
"fmv": "893612",
"name": "VANGUARD FTSE DEVELOPED MKTS E",
"shareOfAssets": "0.0697058454384119761396413364153"
},
{
"fmv": "223817",
"name": "MICROSOFT CORP",
"shareOfAssets": "0.0174587552634578018912526969115"
},
{
"fmv": "214730",
"name": "NVIDIA CORPORATION",
"shareOfAssets": "0.0167499274752243743777670668797"
},
{
"fmv": "174634",
"name": "AMAZON COM INC",
"shareOfAssets": "0.0136222550864263651799328177593"
},
{
"fmv": "171788",
"name": "APPLE INC",
"shareOfAssets": "0.0134002539985742319452701014536"
},
{
"fmv": "110661",
"name": "META PLATFORMS INC CL A",
"shareOfAssets": "0.00863206689487172026739664410176"
},
{
"fmv": "105024",
"name": "BROADCOM INC",
"shareOfAssets": "0.0081923549720950248900973708004"
},
{
"fmv": "97591",
"name": "BLACKROCK BATS",
"shareOfAssets": "0.00761254679008346258045296802428"
},
{
"fmv": "77318",
"name": "ALPHABET INC CL C",
"shareOfAssets": "0.00603115956098075805961064628604"
}
],
"count": 365,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "f8c1b014872b0a95cb52a8b6df98cd0d7f03e3cd433f9099ee71d98ad0a91145",
"otherInvestments": [
{
"fmv": "503634",
"name": "NH NET REIT - CLASS F-1",
"shareOfAssets": "0.0392857680531698065727766914771"
},
{
"fmv": "363829",
"name": "BREIT CL I",
"shareOfAssets": "0.0283803351342775061961002848962"
},
{
"fmv": "289828",
"name": "BROOKFIELD REIT CL I",
"shareOfAssets": "0.0226079168271286265410491010087"
},
{
"fmv": "289561",
"name": "HUDSON BAY LTD TRNCHE II MS",
"shareOfAssets": "0.0225870895992802359670312003574"
},
{
"fmv": "287146",
"name": "BLUE OWL CREDIT INC CORP",
"shareOfAssets": "0.0223987084934605234717007506461"
}
]
}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.