Sealed proof · filed Form 990-PF
FOUNDATION FOR ARTS INITIATIVES
EIN 98-6000319, tax year September 1, 2024 to August 31, 2025. 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, for the tax year ended 2025-08-31. The IRS received it on July 14, 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 distributions0.93×
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 rate4.6%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$33M
end of the tax year, Part II
Largest listed stock2.0%
NVIDIA
If that stock halved−1.0%
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
FOUNDATION FOR ARTS INITIATIVES · Form 990-PF, year ended August 31, 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/c372222574b8 — 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) | $1,578,355 | $1,578,354.85 | recomputes, within the form's whole-dollar rounding (difference $0.15) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $29,186 | $29,186.4138 | recomputes, within the form's whole-dollar rounding (difference −$0.4138) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $1,549,169 | $1,549,169 | recomputes exactly |
Where the assets sit, at fair market value
| Part II line | Fair market value | Share of assets |
|---|---|---|
| Cash (line 1) | $72,573 | 0.2% |
| Savings and temporary cash investments (line 2) | $1.3M | 3.9% |
| U.S. and state government obligations (line 10a) | $3M | 9.1% |
| Corporate stock (line 10b) | $22.5M | 68.3% |
| Corporate bonds (line 10c) | $2.2M | 6.7% |
| Other investments (line 13) | $3.8M | 11.4% |
The ten largest listed stocks, of 564 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 205.8 equal holdings; the ten largest are 14.6% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| NVIDIA | $666,413 | 2.0% |
| MICROSOFT CORP | $550,265 | 1.7% |
| BYD COMPANY LTD SHS -H- | $323,096 | 1.0% |
| XPENG INC ADR | $284,716 | 0.9% |
| META PLATFORMS INC CLASS A COMMON STOCK | $284,400 | 0.9% |
| VISA INC CL A SHRS | $269,815 | 0.8% |
| AMAZON COM INC COM | $264,266 | 0.8% |
| GLOBAL X AUTONOMOUS AND ELEC VEHICLES | $235,595 | 0.7% |
| KKR & CO INC CL A | $216,628 | 0.7% |
| APPLE INC | $201,033 | 0.6% |
Largest other investments (line 13), as listed
| BLACKSTONE REAL ESTATE | $742,967 | 2.3% |
| STARWOOD REAL ESTATE | $612,694 | 1.9% |
| BROOKFIELD REAL ESTATE | $406,338 | 1.2% |
| ILLUMEN CAPITAL II A, LP | $254,944 | 0.8% |
| FNMA PMA4047 02%2050 | $213,664 | 0.6% |
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 $1,578,355; recomputed $1,578,354.85; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $29,186; recomputed $29,186.41; 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 $1,549,169; recomputed $1,549,169; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $1,436,897 against a distributable amount of $1,549,169 (0.93×). |
| Payout deadline | Part XII undistributed income and the date it falls due | reported | Part XII reports $0 undistributed income for the year ended 31 August 2025: nothing carried into the next year, so nothing from this year falls due by 31 August 2026. |
| Holdings tie-out | The corporate-stock schedule against Part II line 10b | agrees | 564 listed holdings sum to Part II line 10b exactly; the largest is 2.0% 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 14 July 2026; the original due date was 15 January 2026; the six-month extension window ended 15 July 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 |
|---|---|---|---|
| January 15, 2027 | Excise tax on the year ending 31 August 2026, due with that return by 15 January 2027 | $29,186 | Projected under the assumptions below |
| August 31, 2027 | Distributable amount for the year ending 31 August 2026, to be paid out | $1,549,168 | Projected under the assumptions below |
If net noncharitable-use assets fell 20% over the year ending August 31, 2026: what is owed now, nothing from Part XII, is unchanged; the following year’s minimum investment return would be $1,262,683, $315,670 less than the projection.
The assumptions, the forward kernel proof, and what was refused
- Net noncharitable-use assets for the year ending 31 August 2026 equal this return's Part IX line 5, $31567097; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $2099742.
- 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)
0397e74fb2f9d847…· 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
c372222574b8e2467ec99bfa910798b3f9282b7f3f6675f007b1cb0d1cd665ff · recomputed now, matchesreturn Form 990-PF, IRS object
202601959349100115, schema 2024v5.5 — the file as the IRS published it hashes to b1531c44f626a3bd…source file
202601959349100115_public.xml inside 2026_TEOS_XML_07A.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py c372222574b8 --fetcharithmetic
kernel@2026-09-15.1 · kernel proof 79375a3429f195c0…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 = 32961545 USD let mix_cash = share(72573 USD, total_assets_fmv) let mix_savings = share(1299270 USD, total_assets_fmv) let mix_government = share(2997614 USD, total_assets_fmv) let mix_stock = share(22524339 USD, total_assets_fmv) let mix_bonds = share(2219711 USD, total_assets_fmv) let mix_other = share(3767507 USD, total_assets_fmv) let net_noncharitable_assets = 31567097 USD let mir_filed = 1578355 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 2099742 USD let excise_filed = 29186 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 1549169 USD let distributable_recomputed = 1578355 USD - 29186 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 1436897 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 = [666413 USD, 550265 USD, 323096 USD, 284716 USD, 284400 USD, 269815 USD, 264266 USD, 235595 USD, 216628 USD, 201033 USD, 187785 USD, 176589 USD, 166835 USD, 164789 USD, 148115 USD, 143782 USD, 143567 USD, 143096 USD, 137540 USD, 135370 USD, 133231 USD, 126905 USD, 125900 USD, 118340 USD, 116107 USD, 115945 USD, 115758 USD, 113952 USD, 111036 USD, 106894 USD, 106473 USD, 104489 USD, 103529 USD, 102190 USD, 98049 USD, 97664 USD, 93041 USD, 90712 USD, 90522 USD, 89408 USD, 89322 USD, 88585 USD, 87947 USD, 86953 USD, 85397 USD, 85190 USD, 84965 USD, 84153 USD, 83489 USD, 82438 USD, 82156 USD, 82093 USD, 81580 USD, 80671 USD, 76608 USD, 76339 USD, 76233 USD, 74666 USD, 73800 USD, 73312 USD, 72473 USD, 71998 USD, 71119 USD, 70693 USD, 70679 USD, 70608 USD, 70240 USD, 69823 USD, 69653 USD, 69054 USD, 68919 USD, 68075 USD, 67628 USD, 67379 USD, 66435 USD, 66274 USD, 66163 USD, 66106 USD, 65925 USD, 65142 USD, 65095 USD, 65050 USD, 64909 USD, 64491 USD, 64252 USD, 63794 USD, 63103 USD, 63002 USD, 62690 USD, 61962 USD, 61855 USD, 61816 USD, 61780 USD, 61291 USD, 61111 USD, 60854 USD, 60692 USD, 60653 USD, 60508 USD, 60086 USD, 59870 USD, 59743 USD, 59711 USD, 59612 USD, 59562 USD, 59130 USD, 59041 USD, 58663 USD, 57753 USD, 57632 USD, 56340 USD, 56164 USD, 55793 USD, 55376 USD, 54452 USD, 54259 USD, 54210 USD, 53952 USD, 53734 USD, 53611 USD, 53433 USD, 53401 USD, 52488 USD, 52212 USD, 52116 USD, 52114 USD, 51956 USD, 51946 USD, 51754 USD, 51738 USD, 51691 USD, 51584 USD, 51562 USD, 51536 USD, 51116 USD, 51077 USD, 50986 USD, 50981 USD, 50308 USD, 50214 USD, 49885 USD, 49378 USD, 49353 USD, 49066 USD, 49031 USD, 48108 USD, 47978 USD, 47868 USD, 47780 USD, 47754 USD, 47115 USD, 46591 USD, 46564 USD, 46511 USD, 46366 USD, 46249 USD, 46169 USD, 45941 USD, 45662 USD, 45480 USD, 45464 USD, 45000 USD, 44797 USD, 44574 USD, 44282 USD, 44194 USD, 44130 USD, 44069 USD, 43917 USD, 43779 USD, 43683 USD, 43605 USD, 43401 USD, 42779 USD, 42599 USD, 42495 USD, 42323 USD, 41900 USD, 41687 USD, 41351 USD, 40789 USD, 40454 USD, 40387 USD, 39966 USD, 39724 USD, 39706 USD, 39563 USD, 39494 USD, 39420 USD, 39351 USD, 39090 USD, 38875 USD, 38771 USD, 38098 USD, 37923 USD, 37847 USD, 37762 USD, 37709 USD, 37541 USD, 37531 USD, 37480 USD, 37455 USD, 37369 USD, 37206 USD, 37040 USD, 36717 USD, 36697 USD, 36656 USD, 36565 USD, 36300 USD, 36204 USD, 36102 USD, 35798 USD, 35653 USD, 35476 USD, 35276 USD, 34687 USD, 34299 USD, 34295 USD, 34171 USD, 34109 USD, 34092 USD, 34066 USD, 33926 USD, 33546 USD, 33319 USD, 33288 USD, 33272 USD, 33213 USD, 33167 USD, 33157 USD, 33142 USD, 32826 USD, 32623 USD, 32519 USD, 32417 USD, 32299 USD, 31900 USD, 31760 USD, 31469 USD, 31348 USD, 31220 USD, 31113 USD, 30795 USD, 30612 USD, 30589 USD, 30586 USD, 30562 USD, 30434 USD, 30193 USD, 30100 USD, 30074 USD, 30071 USD, 30003 USD, 29914 USD, 29900 USD, 29709 USD, 29704 USD, 29633 USD, 29604 USD, 29558 USD, 29460 USD, 29444 USD, 29393 USD, 29286 USD, 28753 USD, 28684 USD, 28606 USD, 28476 USD, 28303 USD, 28133 USD, 27999 USD, 27832 USD, 27797 USD, 27215 USD, 27176 USD, 27130 USD, 27074 USD, 26874 USD, 26706 USD, 26533 USD, 26301 USD, 26282 USD, 26161 USD, 26123 USD, 25967 USD, 25881 USD, 25636 USD, 25489 USD, 25487 USD, 25483 USD, 25393 USD, 25106 USD, 25023 USD, 24822 USD, 24587 USD, 24519 USD, 24468 USD, 24370 USD, 24346 USD, 24323 USD, 24130 USD, 24005 USD, 23893 USD, 23799 USD, 23792 USD, 23745 USD, 23694 USD, 23088 USD, 22836 USD, 22815 USD, 22804 USD, 22776 USD, 22585 USD, 22565 USD, 22419 USD, 22383 USD, 22305 USD, 22241 USD, 22146 USD, 22126 USD, 21992 USD, 21724 USD, 21628 USD, 21624 USD, 21624 USD, 21592 USD, 21499 USD, 21448 USD, 21386 USD, 21381 USD, 21263 USD, 21176 USD, 21164 USD, 21155 USD, 21094 USD, 20710 USD, 20612 USD, 20385 USD, 20375 USD, 20294 USD, 20241 USD, 19994 USD, 19839 USD, 19728 USD, 19694 USD, 19292 USD, 19247 USD, 19212 USD, 19171 USD, 19084 USD, 18970 USD, 18918 USD, 18836 USD, 18416 USD, 18324 USD, 18263 USD, 18206 USD, 17820 USD, 17783 USD, 17636 USD, 17497 USD, 17469 USD, 17441 USD, 17342 USD, 17316 USD, 17300 USD, 17298 USD, 17230 USD, 17080 USD, 17002 USD, 16938 USD, 16900 USD, 16862 USD, 16826 USD, 16811 USD, 16641 USD, 16581 USD, 16527 USD, 16520 USD, 16511 USD, 16436 USD, 16364 USD, 16295 USD, 16260 USD, 16198 USD, 16084 USD, 16053 USD, 16034 USD, 16009 USD, 16007 USD, 15623 USD, 15538 USD, 15467 USD, 15345 USD, 15142 USD, 15055 USD, 15051 USD, 14999 USD, 14999 USD, 14981 USD, 14788 USD, 14561 USD, 14486 USD, 14460 USD, 14385 USD, 14206 USD, 14146 USD, 14127 USD, 14111 USD, 14086 USD, 13968 USD, 13885 USD, 13812 USD, 13792 USD, 13756 USD, 13713 USD, 13583 USD, 13559 USD, 13531 USD, 13494 USD, 13472 USD, 13438 USD, 13327 USD, 13264 USD, 13236 USD, 13195 USD, 13096 USD, 13047 USD, 12924 USD, 12894 USD, 12883 USD, 12694 USD, 12540 USD, 12520 USD, 12512 USD, 12479 USD, 12458 USD, 12436 USD, … (7778 characters; the full program is in the body below)
{
"mix": [
{
"fmv": "72573",
"line": "cash",
"label": "Cash (line 1)",
"share": "0.00220174752124028166762207293378"
},
{
"fmv": "1299270",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.0394177518074471327117706406056"
},
{
"fmv": "2997614",
"line": "government",
"label": "U.S. and state government obligations (line 10a)",
"share": "0.090942763756978017869004623418"
},
{
"fmv": "22524339",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.683352039475091352665659331199"
},
{
"fmv": "2219711",
"line": "bonds",
"label": "Corporate bonds (line 10c)",
"share": "0.0673424440510904449412186230955"
},
{
"fmv": "3767507",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.11430007300932040655254479121"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "986000319",
"name": "FOUNDATION FOR ARTS INITIATIVES"
},
"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": "1578355",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "0.15",
"recomputed": "1578354.85"
},
{
"id": "excise_tax",
"note": null,
"filed": "29186",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "-0.4138",
"recomputed": "29186.4138"
},
{
"id": "distributable_amount",
"note": null,
"filed": "1549169",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "1549169"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "2099742",
"grossInvestmentIncome": "2298123",
"netNoncharitableAssets": "31567097",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2025-08-31",
"days": 365,
"begin": "2024-09-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202601959349100115",
"returnTs": "2026-07-14T13:56:25-05:00",
"operating": false,
"sourceSha256": "b1531c44f626a3bd633cb5c9e0c3e0ee231c5bd0a6d3e8cb1aadb7375b9ed502",
"returnVersion": "2024v5.5",
"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 = 32961545 USD\nlet mix_cash = share(72573 USD, total_assets_fmv)\nlet mix_savings = share(1299270 USD, total_assets_fmv)\nlet mix_government = share(2997614 USD, total_assets_fmv)\nlet mix_stock = share(22524339 USD, total_assets_fmv)\nlet mix_bonds = share(2219711 USD, total_assets_fmv)\nlet mix_other = share(3767507 USD, total_assets_fmv)\nlet net_noncharitable_assets = 31567097 USD\nlet mir_filed = 1578355 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 2099742 USD\nlet excise_filed = 29186 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 1549169 USD\nlet distributable_recomputed = 1578355 USD - 29186 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 1436897 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 = [666413 USD, 550265 USD, 323096 USD, 284716 USD, 284400 USD, 269815 USD, 264266 USD, 235595 USD, 216628 USD, 201033 USD, 187785 USD, 176589 USD, 166835 USD, 164789 USD, 148115 USD, 143782 USD, 143567 USD, 143096 USD, 137540 USD, 135370 USD, 133231 USD, 126905 USD, 125900 USD, 118340 USD, 116107 USD, 115945 USD, 115758 USD, 113952 USD, 111036 USD, 106894 USD, 106473 USD, 104489 USD, 103529 USD, 102190 USD, 98049 USD, 97664 USD, 93041 USD, 90712 USD, 90522 USD, 89408 USD, 89322 USD, 88585 USD, 87947 USD, 86953 USD, 85397 USD, 85190 USD, 84965 USD, 84153 USD, 83489 USD, 82438 USD, 82156 USD, 82093 USD, 81580 USD, 80671 USD, 76608 USD, 76339 USD, 76233 USD, 74666 USD, 73800 USD, 73312 USD, 72473 USD, 71998 USD, 71119 USD, 70693 USD, 70679 USD, 70608 USD, 70240 USD, 69823 USD, 69653 USD, 69054 USD, 68919 USD, 68075 USD, 67628 USD, 67379 USD, 66435 USD, 66274 USD, 66163 USD, 66106 USD, 65925 USD, 65142 USD, 65095 USD, 65050 USD, 64909 USD, 64491 USD, 64252 USD, 63794 USD, 63103 USD, 63002 USD, 62690 USD, 61962 USD, 61855 USD, 61816 USD, 61780 USD, 61291 USD, 61111 USD, 60854 USD, 60692 USD, 60653 USD, 60508 USD, 60086 USD, 59870 USD, 59743 USD, 59711 USD, 59612 USD, 59562 USD, 59130 USD, 59041 USD, 58663 USD, 57753 USD, 57632 USD, 56340 USD, 56164 USD, 55793 USD, 55376 USD, 54452 USD, 54259 USD, 54210 USD, 53952 USD, 53734 USD, 53611 USD, 53433 USD, 53401 USD, 52488 USD, 52212 USD, 52116 USD, 52114 USD, 51956 USD, 51946 USD, 51754 USD, 51738 USD, 51691 USD, 51584 USD, 51562 USD, 51536 USD, 51116 USD, 51077 USD, 50986 USD, 50981 USD, 50308 USD, 50214 USD, 49885 USD, 49378 USD, 49353 USD, 49066 USD, 49031 USD, 48108 USD, 47978 USD, 47868 USD, 47780 USD, 47754 USD, 47115 USD, 46591 USD, 46564 USD, 46511 USD, 46366 USD, 46249 USD, 46169 USD, 45941 USD, 45662 USD, 45480 USD, 45464 USD, 45000 USD, 44797 USD, 44574 USD, 44282 USD, 44194 USD, 44130 USD, 44069 USD, 43917 USD, 43779 USD, 43683 USD, 43605 USD, 43401 USD, 42779 USD, 42599 USD, 42495 USD, 42323 USD, 41900 USD, 41687 USD, 41351 USD, 40789 USD, 40454 USD, 40387 USD, 39966 USD, 39724 USD, 39706 USD, 39563 USD, 39494 USD, 39420 USD, 39351 USD, 39090 USD, 38875 USD, 38771 USD, 38098 USD, 37923 USD, 37847 USD, 37762 USD, 37709 USD, 37541 USD, 37531 USD, 37480 USD, 37455 USD, 37369 USD, 37206 USD, 37040 USD, 36717 USD, 36697 USD, 36656 USD, 36565 USD, 36300 USD, 36204 USD, 36102 USD, 35798 USD, 35653 USD, 35476 USD, 35276 USD, 34687 USD, 34299 USD, 34295 USD, 34171 USD, 34109 USD, 34092 USD, 34066 USD, 33926 USD, 33546 USD, 33319 USD, 33288 USD, 33272 USD, 33213 USD, 33167 USD, 33157 USD, 33142 USD, 32826 USD, 32623 USD, 32519 USD, 32417 USD, 32299 USD, 31900 USD, 31760 USD, 31469 USD, 31348 USD, 31220 USD, 31113 USD, 30795 USD, 30612 USD, 30589 USD, 30586 USD, 30562 USD, 30434 USD, 30193 USD, 30100 USD, 30074 USD, 30071 USD, 30003 USD, 29914 USD, 29900 USD, 29709 USD, 29704 USD, 29633 USD, 29604 USD, 29558 USD, 29460 USD, 29444 USD, 29393 USD, 29286 USD, 28753 USD, 28684 USD, 28606 USD, 28476 USD, 28303 USD, 28133 USD, 27999 USD, 27832 USD, 27797 USD, 27215 USD, 27176 USD, 27130 USD, 27074 USD, 26874 USD, 26706 USD, 26533 USD, 26301 USD, 26282 USD, 26161 USD, 26123 USD, 25967 USD, 25881 USD, 25636 USD, 25489 USD, 25487 USD, 25483 USD, 25393 USD, 25106 USD, 25023 USD, 24822 USD, 24587 USD, 24519 USD, 24468 USD, 24370 USD, 24346 USD, 24323 USD, 24130 USD, 24005 USD, 23893 USD, 23799 USD, 23792 USD, 23745 USD, 23694 USD, 23088 USD, 22836 USD, 22815 USD, 22804 USD, 22776 USD, 22585 USD, 22565 USD, 22419 USD, 22383 USD, 22305 USD, 22241 USD, 22146 USD, 22126 USD, 21992 USD, 21724 USD, 21628 USD, 21624 USD, 21624 USD, 21592 USD, 21499 USD, 21448 USD, 21386 USD, 21381 USD, 21263 USD, 21176 USD, 21164 USD, 21155 USD, 21094 USD, 20710 USD, 20612 USD, 20385 USD, 20375 USD, 20294 USD, 20241 USD, 19994 USD, 19839 USD, 19728 USD, 19694 USD, 19292 USD, 19247 USD, 19212 USD, 19171 USD, 19084 USD, 18970 USD, 18918 USD, 18836 USD, 18416 USD, 18324 USD, 18263 USD, 18206 USD, 17820 USD, 17783 USD, 17636 USD, 17497 USD, 17469 USD, 17441 USD, 17342 USD, 17316 USD, 17300 USD, 17298 USD, 17230 USD, 17080 USD, 17002 USD, 16938 USD, 16900 USD, 16862 USD, 16826 USD, 16811 USD, 16641 USD, 16581 USD, 16527 USD, 16520 USD, 16511 USD, 16436 USD, 16364 USD, 16295 USD, 16260 USD, 16198 USD, 16084 USD, 16053 USD, 16034 USD, 16009 USD, 16007 USD, 15623 USD, 15538 USD, 15467 USD, 15345 USD, 15142 USD, 15055 USD, 15051 USD, 14999 USD, 14999 USD, 14981 USD, 14788 USD, 14561 USD, 14486 USD, 14460 USD, 14385 USD, 14206 USD, 14146 USD, 14127 USD, 14111 USD, 14086 USD, 13968 USD, 13885 USD, 13812 USD, 13792 USD, 13756 USD, 13713 USD, 13583 USD, 13559 USD, 13531 USD, 13494 USD, 13472 USD, 13438 USD, 13327 USD, 13264 USD, 13236 USD, 13195 USD, 13096 USD, 13047 USD, 12924 USD, 12894 USD, 12883 USD, 12694 USD, 12540 USD, 12520 USD, 12512 USD, 12479 USD, 12458 USD, 12436 USD, 12425 USD, 12414 USD, 12386 USD, 12324 USD, 12271 USD, 12243 USD, 12073 USD, 12000 USD, 11947 USD, 11945 USD, 11907 USD, 11822 USD, 11429 USD, 11426 USD, 11425 USD, 11405 USD, 11361 USD, 11266 USD, 11184 USD, 11179 USD, 11074 USD, 11060 USD, 11044 USD, 10925 USD, 10724 USD, 10683 USD, 10676 USD, 10662 USD, 10561 USD, 10516 USD, 10462 USD, 10370 USD, 10346 USD, 10309 USD, 10217 USD, 10124 USD, 10088 USD, 10059 USD, 10015 USD, 9799 USD, 9794 USD, 9767 USD, 9760 USD, 9692 USD, 9543 USD, 9448 USD, 9393 USD, 9221 USD, 9204 USD, 9071 USD, 9015 USD, 8913 USD, 8774 USD, 8690 USD, 8585 USD, 8519 USD, 8480 USD, 8462 USD, 8427 USD, 8310 USD, 8201 USD, 8095 USD, 8059 USD, 8012 USD, 7902 USD, 7851 USD, 7804 USD, 7801 USD, 7709 USD, 7630 USD, 7618 USD, 7442 USD, 7413 USD, 7253 USD, 7209 USD, 7189 USD, 7144 USD, 7123 USD, 7083 USD, 6990 USD, 6857 USD, 6815 USD, 6776 USD, 6680 USD, 6671 USD, 6656 USD, 6582 USD, 6475 USD, 6450 USD, 6319 USD, 6158 USD, 6117 USD, 6108 USD, 5898 USD, 5805 USD, 5739 USD, 5553 USD, 5519 USD, 5265 USD, 5098 USD, 4944 USD, 4657 USD, 4390 USD, 4289 USD, 4275 USD, 4141 USD, 4135 USD, 3768 USD, 3733 USD, 3683 USD, 3482 USD, 3231 USD, 2953 USD, 2872 USD, 2793 USD, 2576 USD, 2526 USD, 2282 USD, 2243 USD, 2080 USD, 1533 USD, 1236 USD, 1125 USD, 529 USD, 1 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([666413 USD, 550265 USD, 323096 USD, 284716 USD, 284400 USD, 269815 USD, 264266 USD, 235595 USD, 216628 USD, 201033 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": "0.00220174752124028166762207293378",
"mir_filed": "1578355 USD",
"mix_bonds": "0.0673424440510904449412186230955",
"mix_other": "0.11430007300932040655254479121",
"mix_stock": "0.683352039475091352665659331199",
"mix_savings": "0.0394177518074471327117706406056",
"payout_rate": "0.0455188198015167501781997882162",
"stock_count": "564",
"excise_filed": "29186 USD",
"largest_stock": "666413 USD",
"mir_difference": "0.15 USD",
"mir_recomputed": "1578354.85 USD",
"mix_government": "0.090942763756978017869004623418",
"payout_coverage": "0.927527597053646180629744075695",
"total_assets_fmv": "32961545 USD",
"excise_difference": "-0.4138 USD",
"excise_recomputed": "29186.4138 USD",
"distributable_filed": "1549169 USD",
"stock_concentration": "0.00485878483797076220416467648192",
"top10_share_of_stock": "0.146340676190320168773876116853",
"net_investment_income": "2099742 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "1549169 USD",
"effective_stock_holdings": "205.81277692832413336680691346",
"net_noncharitable_assets": "31567097 USD",
"qualifying_distributions": "1436897 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0202178933056687725044441939842",
"largest_stock_halved_share_of_assets": "0.0101089466528343862522220969921"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "666413",
"name": "NVIDIA",
"shareOfAssets": "0.0202178933056687725044441939842"
},
{
"fmv": "550265",
"name": "MICROSOFT CORP",
"shareOfAssets": "0.0166941507141124604444360845343"
},
{
"fmv": "323096",
"name": "BYD COMPANY LTD SHS -H-",
"shareOfAssets": "0.00980221042429898234442590600653"
},
{
"fmv": "284716",
"name": "XPENG INC ADR",
"shareOfAssets": "0.0086378232573746163900994325357"
},
{
"fmv": "284400",
"name": "META PLATFORMS INC CLASS A COMMON STOCK",
"shareOfAssets": "0.00862823632812114844738012128982"
},
{
"fmv": "269815",
"name": "VISA INC CL A SHRS",
"shareOfAssets": "0.00818575100165966128104735381791"
},
{
"fmv": "264266",
"name": "AMAZON COM INC COM",
"shareOfAssets": "0.00801740331043341566665033450343"
},
{
"fmv": "235595",
"name": "GLOBAL X AUTONOMOUS AND ELEC VEHICLES",
"shareOfAssets": "0.00714757151098348090175991447003"
},
{
"fmv": "216628",
"name": "KKR & CO INC CL A",
"shareOfAssets": "0.00657214338708940979556631826572"
},
{
"fmv": "201033",
"name": "APPLE INC",
"shareOfAssets": "0.006099016293077281419909169913"
}
],
"count": 564,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "79375a3429f195c037a7a8b9cc2f5e58f6b128f7699d8eda08489ebab34f7922",
"otherInvestments": [
{
"fmv": "742967",
"name": "BLACKSTONE REAL ESTATE",
"shareOfAssets": "0.0225404179324725221466408810631"
},
{
"fmv": "612694",
"name": "STARWOOD REAL ESTATE",
"shareOfAssets": "0.0185881456709629357483091281067"
},
{
"fmv": "406338",
"name": "BROOKFIELD REAL ESTATE",
"shareOfAssets": "0.0123276381613786611034161171753"
},
{
"fmv": "254944",
"name": "ILLUMEN CAPITAL II A, LP",
"shareOfAssets": "0.00773458889745611135643065275005"
},
{
"fmv": "213664",
"name": "FNMA PMA4047 02%2050",
"shareOfAssets": "0.00648222041776257757335100645313"
}
]
}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.