Sealed proof · filed Form 990-PF
BROWN DANA CHARITABLE TRUST
EIN 43-6531876, tax year July 1, 2024 to June 30, 2025. 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 DANA BROWN CHARITABLE TRUST. 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 2025-06-30. The IRS received it on May 10, 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 distributions1.11×
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 rate5.5%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$88.7M
end of the tax year, Part II
Largest listed stock6.7%
594918104 MICROSOFT CORP
If that stock halved−3.4%
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
BROWN DANA CHARITABLE TRUST · Form 990-PF, year ended June 30, 2025checking
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/964aa1d06465 — 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) | $4,301,409 | $4,301,408.55 | recomputes, within the form's whole-dollar rounding (difference $0.45) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $54,149 | $54,148.7705 | recomputes, within the form's whole-dollar rounding (difference $0.2295) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $4,247,260 | $4,247,260 | 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) | $3.1M | 3.5% |
| Corporate stock (line 10b) | $51.2M | 57.7% |
| Corporate bonds (line 10c) | $1.5M | 1.7% |
| Other investments (line 13) | $32.9M | 37.1% |
The ten largest listed stocks, of 53 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 22.5 equal holdings; the ten largest are 55.2% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| 594918104 MICROSOFT CORP | $6M | 6.7% |
| 037833100 APPLE INC | $4.1M | 4.6% |
| 023135106 AMAZON.COM INC | $3.9M | 4.5% |
| 02079K305 ALPHABET INC CL A | $3.5M | 4.0% |
| 46625H100 J P MORGAN CHASE CO | $2.3M | 2.6% |
| 30303M102 FACEBOOK INC A | $1.8M | 2.1% |
| 22160K105 COSTCO WHOLESALE COR | $1.8M | 2.0% |
| 931142103 WAL MART STORES INC | $1.7M | 1.9% |
| 03027X100 AMERICAN TOWER CORP | $1.5M | 1.7% |
| G1151C101 ACCENTURE PLC IRELAN | $1.5M | 1.7% |
Largest other investments (line 13), as listed
| 922908645 VANGUARD MID-CAP IND | $2.7M | 3.0% |
| 46432F842 ISHARES CORE MSCI EA | $2.5M | 2.8% |
| 04314H568 ARTISAN HIGH INCOME | $2.3M | 2.6% |
| 46434G103 ISHARES CORE MSCI EM | $2M | 2.2% |
| 464287465 ISHARES MSCI EAFE ET | $1.8M | 2.0% |
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 $4,301,409; recomputed $4,301,408.55; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $54,149; recomputed $54,148.77; 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 $4,247,260; recomputed $4,247,260; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $4,717,051 against a distributable amount of $4,247,260 (1.11×). |
| Payout deadline | Part XII undistributed income and the date it falls due | reported | Part XII reports $0 undistributed income for the year ended 30 June 2025: nothing carried into the next year, so nothing from this year falls due by 30 June 2026. |
| Holdings tie-out | The corporate-stock schedule against Part II line 10b | agrees | 53 listed holdings sum to Part II line 10b exactly; the largest is 6.7% 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 10 May 2026; the original due date was 15 November 2025 (a Saturday, so 17 November 2025 under IRC §7503); the six-month extension window ended 15 May 2026. 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 |
|---|---|---|---|
| November 16, 2026 | Excise tax on the year ending 30 June 2026, due with that return by 15 November 2026 (a Sunday, so 16 November 2026 under IRC §7503) | $54,148 | Projected under the assumptions below |
| June 30, 2027 | Distributable amount for the year ending 30 June 2026, to be paid out | $4,247,259 | Projected under the assumptions below |
If net noncharitable-use assets fell 20% over the year ending June 30, 2026: what is owed now, nothing from Part XII, is unchanged; the following year’s minimum investment return would be $3,441,126, $860,281 less than the projection.
The assumptions, the forward kernel proof, and what was refused
- Net noncharitable-use assets for the year ending 30 June 2026 equal this return's Part IX line 5, $86028171; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $3895595.
- 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)
4b6013768dac72f9…· 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
964aa1d0646546d27ba3ebcfa4437250ee8ac016aefa54716b9f23e73b385b78 · recomputed now, matchesreturn Form 990-PF, IRS object
202601309349100900, schema 2024v5.2 — the file as the IRS published it hashes to 34872081be71c1dc…source file
202601309349100900_public.xml inside 2026_TEOS_XML_05A.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py 964aa1d06465 --fetcharithmetic
kernel@2026-09-15.1 · kernel proof d46187e7bf177d34…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 = 88704105 USD let mix_savings = share(3131342 USD, total_assets_fmv) let mix_stock = share(51185956 USD, total_assets_fmv) let mix_bonds = share(1495340 USD, total_assets_fmv) let mix_other = share(32891467 USD, total_assets_fmv) let net_noncharitable_assets = 86028171 USD let mir_filed = 4301409 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 3895595 USD let excise_filed = 54149 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 4247260 USD let distributable_recomputed = 4301409 USD - 54149 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 4717051 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 = [5968920 USD, 4103400 USD, 3949020 USD, 3524600 USD, 2319280 USD, 1845225 USD, 1781892 USD, 1711150 USD, 1547140 USD, 1494450 USD, 1415500 USD, 1256445 USD, 1088080 USD, 1040700 USD, 971540 USD, 928100 USD, 912400 USD, 806608 USD, 787630 USD, 763750 USD, 729150 USD, 715950 USD, 710100 USD, 623940 USD, 616800 USD, 589560 USD, 546575 USD, 532064 USD, 504673 USD, 484800 USD, 477780 USD, 473970 USD, 465760 USD, 459150 USD, 443480 USD, 438130 USD, 431200 USD, 363110 USD, 354750 USD, 345120 USD, 292040 USD, 289720 USD, 269440 USD, 268840 USD, 249165 USD, 236600 USD, 216350 USD, 178495 USD, 176875 USD, 173550 USD, 141030 USD, 126144 USD, 45815 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([5968920 USD, 4103400 USD, 3949020 USD, 3524600 USD, 2319280 USD, 1845225 USD, 1781892 USD, 1711150 USD, 1547140 USD, 1494450 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": "3131342",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.0353009818429485309614476128247"
},
{
"fmv": "51185956",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.577041569834902229158391260472"
},
{
"fmv": "1495340",
"line": "bonds",
"label": "Corporate bonds (line 10c)",
"share": "0.0168576189343210215581342035975"
},
{
"fmv": "32891467",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.370799829387828218322026923106"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "436531876",
"name": "BROWN DANA CHARITABLE TRUST"
},
"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": "4301409",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "0.45",
"recomputed": "4301408.55"
},
{
"id": "excise_tax",
"note": null,
"filed": "54149",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "0.2295",
"recomputed": "54148.7705"
},
{
"id": "distributable_amount",
"note": null,
"filed": "4247260",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "4247260"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "3895595",
"grossInvestmentIncome": "4566137",
"netNoncharitableAssets": "86028171",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2025-06-30",
"days": 365,
"begin": "2024-07-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202601309349100900",
"returnTs": "2026-05-10T12:01:06-05:00",
"operating": false,
"sourceSha256": "34872081be71c1dc94767607f93dee59bb39d23f71fb26372343314abb693745",
"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 = 88704105 USD\nlet mix_savings = share(3131342 USD, total_assets_fmv)\nlet mix_stock = share(51185956 USD, total_assets_fmv)\nlet mix_bonds = share(1495340 USD, total_assets_fmv)\nlet mix_other = share(32891467 USD, total_assets_fmv)\nlet net_noncharitable_assets = 86028171 USD\nlet mir_filed = 4301409 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 3895595 USD\nlet excise_filed = 54149 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 4247260 USD\nlet distributable_recomputed = 4301409 USD - 54149 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 4717051 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 = [5968920 USD, 4103400 USD, 3949020 USD, 3524600 USD, 2319280 USD, 1845225 USD, 1781892 USD, 1711150 USD, 1547140 USD, 1494450 USD, 1415500 USD, 1256445 USD, 1088080 USD, 1040700 USD, 971540 USD, 928100 USD, 912400 USD, 806608 USD, 787630 USD, 763750 USD, 729150 USD, 715950 USD, 710100 USD, 623940 USD, 616800 USD, 589560 USD, 546575 USD, 532064 USD, 504673 USD, 484800 USD, 477780 USD, 473970 USD, 465760 USD, 459150 USD, 443480 USD, 438130 USD, 431200 USD, 363110 USD, 354750 USD, 345120 USD, 292040 USD, 289720 USD, 269440 USD, 268840 USD, 249165 USD, 236600 USD, 216350 USD, 178495 USD, 176875 USD, 173550 USD, 141030 USD, 126144 USD, 45815 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([5968920 USD, 4103400 USD, 3949020 USD, 3524600 USD, 2319280 USD, 1845225 USD, 1781892 USD, 1711150 USD, 1547140 USD, 1494450 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": "4301409 USD",
"mix_bonds": "0.0168576189343210215581342035975",
"mix_other": "0.370799829387828218322026923106",
"mix_stock": "0.577041569834902229158391260472",
"mix_savings": "0.0353009818429485309614476128247",
"payout_rate": "0.0548314691009762371909545769606",
"stock_count": "53",
"excise_filed": "54149 USD",
"largest_stock": "5968920 USD",
"mir_difference": "0.45 USD",
"mir_recomputed": "4301408.55 USD",
"payout_coverage": "1.11061036997970456247086356851",
"total_assets_fmv": "88704105 USD",
"excise_difference": "0.2295 USD",
"excise_recomputed": "54148.7705 USD",
"distributable_filed": "4247260 USD",
"stock_concentration": "0.0444726422069375329708096969983",
"top10_share_of_stock": "0.551813020743424231443484224462",
"net_investment_income": "3895595 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "4247260 USD",
"effective_stock_holdings": "22.4857339338386438272187924674",
"net_noncharitable_assets": "86028171 USD",
"qualifying_distributions": "4717051 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0672902342005479904227656656927",
"largest_stock_halved_share_of_assets": "0.0336451171002739952113828328463"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "5968920",
"name": "594918104 MICROSOFT CORP",
"shareOfAssets": "0.0672902342005479904227656656927"
},
{
"fmv": "4103400",
"name": "037833100 APPLE INC",
"shareOfAssets": "0.0462594149391395133291745630036"
},
{
"fmv": "3949020",
"name": "023135106 AMAZON.COM INC",
"shareOfAssets": "0.0445190219776187359085580086739"
},
{
"fmv": "3524600",
"name": "02079K305 ALPHABET INC CL A",
"shareOfAssets": "0.0397343505128652163279252972565"
},
{
"fmv": "2319280",
"name": "46625H100 J P MORGAN CHASE CO",
"shareOfAssets": "0.0261462533216472901676872789596"
},
{
"fmv": "1845225",
"name": "30303M102 FACEBOOK INC A",
"shareOfAssets": "0.0208020248893780056740327857431"
},
{
"fmv": "1781892",
"name": "22160K105 COSTCO WHOLESALE COR",
"shareOfAssets": "0.0200880444033565301177437053223"
},
{
"fmv": "1711150",
"name": "931142103 WAL MART STORES INC",
"shareOfAssets": "0.0192905390342419891390595733985"
},
{
"fmv": "1547140",
"name": "03027X100 AMERICAN TOWER CORP",
"shareOfAssets": "0.0174415828895404558785639063716"
},
{
"fmv": "1494450",
"name": "G1151C101 ACCENTURE PLC IRELAN",
"shareOfAssets": "0.0168475855767892590765669751135"
}
],
"count": 53,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "d46187e7bf177d3425a8787c2381b94bcd376f33e163ca62c73a13a23459a123",
"otherInvestments": [
{
"fmv": "2669460",
"name": "922908645 VANGUARD MID-CAP IND",
"shareOfAssets": "0.0300939849401558135330940997601"
},
{
"fmv": "2504400",
"name": "46432F842 ISHARES CORE MSCI EA",
"shareOfAssets": "0.0282331916882538863336708036229"
},
{
"fmv": "2306540",
"name": "04314H568 ARTISAN HIGH INCOME",
"shareOfAssets": "0.0260026297542825103753653790881"
},
{
"fmv": "1980990",
"name": "46434G103 ISHARES CORE MSCI EM",
"shareOfAssets": "0.0223325628503889419773752297033"
},
{
"fmv": "1787800",
"name": "464287465 ISHARES MSCI EAFE ET",
"shareOfAssets": "0.0201546478598707466807764984495"
}
]
}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.