Sealed proof · filed Form 990-PF
POSNER FOUNDATION OF PITTSBURGH
EIN 25-6055022, 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 17, 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 distributions1.70×
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 rate8.3%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$332.5M
end of the tax year, Part II
Largest listed stock8.1%
29,500 SH COSTCO WHOLESALE CORP
If that stock halved−4.1%
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
POSNER FOUNDATION OF PITTSBURGH · 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/cdc0e7d7a57a — 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) | $15,822,519 | $15,822,518.5 | recomputes, within the form's whole-dollar rounding (difference $0.5) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $285,852 | $285,851.7069 | recomputes, within the form's whole-dollar rounding (difference $0.2931) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $15,525,191 | $15,525,191 | recomputes exactly |
Where the assets sit, at fair market value
| Part II line | Fair market value | Share of assets |
|---|---|---|
| Cash (line 1) | $32.8M | 9.9% |
| Corporate stock (line 10b) | $268.5M | 80.7% |
| Other investments (line 13) | $30M | 9.0% |
The ten largest listed stocks, of 719 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 23.1 equal holdings; the ten largest are 59.6% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| 29,500 SH COSTCO WHOLESALE CORP | $27M | 8.1% |
| 117,235 SH ALPHABET INC CL C | $22.3M | 6.7% |
| 116,410 SH ALPHABET INC CL A | $22M | 6.6% |
| 51,715 SH ACCENTURE PLC | $18.2M | 5.5% |
| 47,885 SH VISA INC. CLASS A SHS | $15.1M | 4.6% |
| 70,945 SH PNC FIN'L SERVICES | $13.7M | 4.1% |
| 30,645 SH HOME DEPOT INC | $11.9M | 3.6% |
| 142,815 SH SCHWAB CHARLES CORP NEW | $10.6M | 3.2% |
| 20,445 SH UNITEDHEALTH GROUP INC | $10.3M | 3.1% |
| 77,105 SH T ROWE PRICE GROUP INC | $8.7M | 2.6% |
Largest other investments (line 13), as listed
| FRAMTIDEN HOLDINGS LLC | $15.8M | 4.8% |
| COMMONFUND CAPITAL EMERGING MARKETS II LP | $2.2M | 0.7% |
| HARBERT INFRASTRUCTURE FUND VI, LP | $1.9M | 0.6% |
| AXIOM ASIA 6, LP | $1.9M | 0.6% |
| INCLINE ASCENT FUND A LP | $1.6M | 0.5% |
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? Yes
- Part VI-B 3b: did it have excess business holdings? No
- 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 $15,822,519; recomputed $15,822,518.5; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $285,852; recomputed $285,851.70; 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 $15,525,191; recomputed $15,525,191; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $26,409,944 against a distributable amount of $15,525,191 (1.70×). |
| 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 | 719 listed holdings sum to Part II line 10b exactly; the largest is 8.1% of total assets. |
| The foundation's own answers | Part VI-B 2a, 3a, 3b, 4a and 4b, each answered | reported | All 5 answered; Yes to Part VI-B 3a. |
| 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 17 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. | $285,851 | Projected under the assumptions below |
| December 31, 2026 | Distributable amount for the year ending 31 December 2025, to be paid out | $15,536,666 | 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 $12,658,014, $3,164,503 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, $316450370; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $20564871.
- 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)
f8665727388a23ff…· 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
cdc0e7d7a57a76861a1274479aadd9b646b284ed942f2bd68c20d3f0d8c6f1e9 · recomputed now, matchesreturn Form 990-PF, IRS object
202543219349102159, schema 2024v5.2 — the file as the IRS published it hashes to 578d995c559faac2…source file
202543219349102159_public.xml inside 2025_TEOS_XML_11B.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py cdc0e7d7a57a --fetcharithmetic
kernel@2026-09-15.1 · kernel proof f0a788a12dfcec03…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 = 332481651 USD let mix_cash = share(32787257 USD, total_assets_fmv) let mix_stock = share(268466495 USD, total_assets_fmv) let mix_other = share(30020275 USD, total_assets_fmv) let net_noncharitable_assets = 316450370 USD let mir_filed = 15822519 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 20564871 USD let excise_filed = 285852 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 15525191 USD let distributable_recomputed = 15822519 USD - 297328 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 26409944 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 = [27029965 USD, 22326233 USD, 22036413 USD, 18192820 USD, 15133575 USD, 13681743 USD, 11920599 USD, 10569738 USD, 10342308 USD, 8719804 USD, 8407168 USD, 6786506 USD, 6344397 USD, 3331738 USD, 3170335 USD, 2365682 USD, 1471187 USD, 1453236 USD, 1293277 USD, 1170862 USD, 1149782 USD, 1096322 USD, 1055439 USD, 1013522 USD, 1003264 USD, 971545 USD, 949962 USD, 948960 USD, 943935 USD, 939263 USD, 887915 USD, 866171 USD, 793120 USD, 769629 USD, 668526 USD, 652936 USD, 632100 USD, 629657 USD, 624363 USD, 609641 USD, 597281 USD, 552789 USD, 542362 USD, 532867 USD, 517260 USD, 513757 USD, 511692 USD, 507419 USD, 495480 USD, 494657 USD, 479964 USD, 468207 USD, 466951 USD, 463460 USD, 460756 USD, 453563 USD, 433302 USD, 421188 USD, 414838 USD, 392813 USD, 389888 USD, 388728 USD, 387400 USD, 359565 USD, 354870 USD, 351024 USD, 337160 USD, 333850 USD, 329745 USD, 324604 USD, 319917 USD, 313176 USD, 308560 USD, 301794 USD, 298690 USD, 289266 USD, 281414 USD, 278217 USD, 273105 USD, 270180 USD, 262605 USD, 257449 USD, 256872 USD, 255180 USD, 253539 USD, 251990 USD, 250148 USD, 249827 USD, 246118 USD, 244395 USD, 233458 USD, 225693 USD, 225680 USD, 222254 USD, 219240 USD, 218475 USD, 216595 USD, 214320 USD, 213475 USD, 211075 USD, 210678 USD, 209771 USD, 208878 USD, 204344 USD, 198434 USD, 197424 USD, 195994 USD, 195219 USD, 193931 USD, 193877 USD, 192000 USD, 189330 USD, 186780 USD, 185632 USD, 185494 USD, 182367 USD, 182074 USD, 181252 USD, 176524 USD, 172450 USD, 171605 USD, 171380 USD, 169583 USD, 167433 USD, 165659 USD, 165289 USD, 164000 USD, 163992 USD, 158720 USD, 158720 USD, 156800 USD, 155938 USD, 155297 USD, 153986 USD, 152980 USD, 152980 USD, 152660 USD, 151464 USD, 149238 USD, 148912 USD, 148839 USD, 147225 USD, 147225 USD, 145569 USD, 144839 USD, 144187 USD, 143035 USD, 140784 USD, 140480 USD, 139265 USD, 137719 USD, 137230 USD, 136072 USD, 135117 USD, 134793 USD, 131453 USD, 130665 USD, 130643 USD, 130328 USD, 130320 USD, 130006 USD, 129806 USD, 129385 USD, 129263 USD, 124705 USD, 124192 USD, 123229 USD, 122400 USD, 121704 USD, 121159 USD, 121111 USD, 120983 USD, 120109 USD, 119019 USD, 118780 USD, 116440 USD, 115292 USD, 114084 USD, 113929 USD, 113852 USD, 112555 USD, 112077 USD, 111786 USD, 111166 USD, 110603 USD, 110149 USD, 110084 USD, 109871 USD, 108213 USD, 107681 USD, 107580 USD, 107501 USD, 106722 USD, 105479 USD, 105444 USD, 105315 USD, 104520 USD, 104108 USD, 102406 USD, 102047 USD, 101796 USD, 101253 USD, 100895 USD, 100728 USD, 100638 USD, 100577 USD, 100243 USD, 100209 USD, 99720 USD, 99651 USD, 99434 USD, 99433 USD, 99406 USD, 99195 USD, 99113 USD, 98775 USD, 98710 USD, 98633 USD, 98361 USD, 98340 USD, 98185 USD, 97875 USD, 97784 USD, 97772 USD, 97770 USD, 97681 USD, 97555 USD, 97505 USD, 97481 USD, 96783 USD, 96753 USD, 96319 USD, 95958 USD, 95918 USD, 95712 USD, 95655 USD, 95636 USD, 95432 USD, 94950 USD, 94853 USD, 94738 USD, 93782 USD, 93070 USD, 92749 USD, 92734 USD, 92532 USD, 92403 USD, 92253 USD, 91891 USD, 91480 USD, 91220 USD, 91131 USD, 90182 USD, 88096 USD, 87914 USD, 87585 USD, 87331 USD, 87043 USD, 85527 USD, 84908 USD, 84605 USD, 84101 USD, 82893 USD, 82073 USD, 82049 USD, 81568 USD, 80640 USD, 80196 USD, 79782 USD, 79513 USD, 79511 USD, 79429 USD, 79360 USD, 78786 USD, 78519 USD, 78209 USD, 77829 USD, 77537 USD, 77461 USD, 77092 USD, 76780 USD, 76629 USD, 75094 USD, 75089 USD, 75042 USD, 74924 USD, 74588 USD, 74497 USD, 73746 USD, 73640 USD, 73466 USD, 72995 USD, 71727 USD, 71357 USD, 71298 USD, 71200 USD, 71070 USD, 70240 USD, 70240 USD, 68772 USD, 68626 USD, 68470 USD, 67594 USD, 67429 USD, 67088 USD, 66831 USD, 66647 USD, 66325 USD, 66081 USD, 65925 USD, 65735 USD, 65153 USD, 64974 USD, 64907 USD, 64680 USD, 64630 USD, 64265 USD, 64164 USD, 63983 USD, 63770 USD, 62085 USD, 61796 USD, 60828 USD, 60680 USD, 60480 USD, 60312 USD, 59829 USD, 58838 USD, 58553 USD, 58440 USD, 58380 USD, 57891 USD, 57040 USD, 56847 USD, 56834 USD, 56701 USD, 56650 USD, 56040 USD, 55552 USD, 55327 USD, 54578 USD, 54082 USD, 53773 USD, 53718 USD, 53385 USD, 53236 USD, 53029 USD, 52857 USD, 52250 USD, 51993 USD, 51754 USD, 51735 USD, 51319 USD, 51163 USD, 50928 USD, 50928 USD, 50766 USD, 50400 USD, 50241 USD, 50106 USD, 50035 USD, 49861 USD, 49441 USD, 49382 USD, 49075 USD, 48997 USD, 48878 USD, 48666 USD, 48491 USD, 48087 USD, 47850 USD, 47815 USD, 47682 USD, 47565 USD, 47519 USD, 47414 USD, 47143 USD, 46656 USD, 46650 USD, 46343 USD, 45740 USD, 45740 USD, 45740 USD, 45725 USD, 45630 USD, 45413 USD, 45387 USD, 45320 USD, 44470 USD, 44470 USD, 44048 USD, 43825 USD, 43587 USD, 43130 USD, 43070 USD, 42700 USD, 42297 USD, 42059 USD, 41931 USD, 41692 USD, 41580 USD, 41205 USD, 40800 USD, 40744 USD, 40500 USD, 40289 USD, 40048 USD, 39588 USD, 39534 USD, 39501 USD, 39415 USD, 39362 USD, 38726 USD, 38570 USD, 38565 USD, 38379 USD, 38245 USD, 38216 USD, 37602 USD, 37539 USD, 37249 USD, 37235 USD, 37163 USD, 37032 USD, 36933 USD, 36781 USD, 35899 USD, 35766 USD, 35577 USD, 35214 USD, 35178 USD, 34890 USD, 34890 USD, 34635 USD … (9548 characters; the full program is in the body below)
{
"mix": [
{
"fmv": "32787257",
"line": "cash",
"label": "Cash (line 1)",
"share": "0.0986137337245116122212711221168"
},
{
"fmv": "268466495",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.807462589867854090991625880732"
},
{
"fmv": "30020275",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.0902915240877458227010548621223"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "256055022",
"name": "POSNER FOUNDATION OF PITTSBURGH"
},
"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": "15822519",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "0.5",
"recomputed": "15822518.5"
},
{
"id": "excise_tax",
"note": null,
"filed": "285852",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "0.2931",
"recomputed": "285851.7069"
},
{
"id": "distributable_amount",
"note": null,
"filed": "15525191",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "15525191"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "20564871",
"grossInvestmentIncome": "23385544",
"netNoncharitableAssets": "316450370",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2024-12-31",
"days": 366,
"begin": "2024-01-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202543219349102159",
"returnTs": "2025-11-17T09:34:17-06:00",
"operating": false,
"sourceSha256": "578d995c559faac22902d54b52e5d20f8af793549ae67e949b899ea001a00a20",
"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": "Yes",
"question": "Part VI-B 3a: did it hold more than a 2% direct or indirect interest in any business enterprise?"
},
{
"answer": "No",
"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 = 332481651 USD\nlet mix_cash = share(32787257 USD, total_assets_fmv)\nlet mix_stock = share(268466495 USD, total_assets_fmv)\nlet mix_other = share(30020275 USD, total_assets_fmv)\nlet net_noncharitable_assets = 316450370 USD\nlet mir_filed = 15822519 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 20564871 USD\nlet excise_filed = 285852 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 15525191 USD\nlet distributable_recomputed = 15822519 USD - 297328 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 26409944 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 = [27029965 USD, 22326233 USD, 22036413 USD, 18192820 USD, 15133575 USD, 13681743 USD, 11920599 USD, 10569738 USD, 10342308 USD, 8719804 USD, 8407168 USD, 6786506 USD, 6344397 USD, 3331738 USD, 3170335 USD, 2365682 USD, 1471187 USD, 1453236 USD, 1293277 USD, 1170862 USD, 1149782 USD, 1096322 USD, 1055439 USD, 1013522 USD, 1003264 USD, 971545 USD, 949962 USD, 948960 USD, 943935 USD, 939263 USD, 887915 USD, 866171 USD, 793120 USD, 769629 USD, 668526 USD, 652936 USD, 632100 USD, 629657 USD, 624363 USD, 609641 USD, 597281 USD, 552789 USD, 542362 USD, 532867 USD, 517260 USD, 513757 USD, 511692 USD, 507419 USD, 495480 USD, 494657 USD, 479964 USD, 468207 USD, 466951 USD, 463460 USD, 460756 USD, 453563 USD, 433302 USD, 421188 USD, 414838 USD, 392813 USD, 389888 USD, 388728 USD, 387400 USD, 359565 USD, 354870 USD, 351024 USD, 337160 USD, 333850 USD, 329745 USD, 324604 USD, 319917 USD, 313176 USD, 308560 USD, 301794 USD, 298690 USD, 289266 USD, 281414 USD, 278217 USD, 273105 USD, 270180 USD, 262605 USD, 257449 USD, 256872 USD, 255180 USD, 253539 USD, 251990 USD, 250148 USD, 249827 USD, 246118 USD, 244395 USD, 233458 USD, 225693 USD, 225680 USD, 222254 USD, 219240 USD, 218475 USD, 216595 USD, 214320 USD, 213475 USD, 211075 USD, 210678 USD, 209771 USD, 208878 USD, 204344 USD, 198434 USD, 197424 USD, 195994 USD, 195219 USD, 193931 USD, 193877 USD, 192000 USD, 189330 USD, 186780 USD, 185632 USD, 185494 USD, 182367 USD, 182074 USD, 181252 USD, 176524 USD, 172450 USD, 171605 USD, 171380 USD, 169583 USD, 167433 USD, 165659 USD, 165289 USD, 164000 USD, 163992 USD, 158720 USD, 158720 USD, 156800 USD, 155938 USD, 155297 USD, 153986 USD, 152980 USD, 152980 USD, 152660 USD, 151464 USD, 149238 USD, 148912 USD, 148839 USD, 147225 USD, 147225 USD, 145569 USD, 144839 USD, 144187 USD, 143035 USD, 140784 USD, 140480 USD, 139265 USD, 137719 USD, 137230 USD, 136072 USD, 135117 USD, 134793 USD, 131453 USD, 130665 USD, 130643 USD, 130328 USD, 130320 USD, 130006 USD, 129806 USD, 129385 USD, 129263 USD, 124705 USD, 124192 USD, 123229 USD, 122400 USD, 121704 USD, 121159 USD, 121111 USD, 120983 USD, 120109 USD, 119019 USD, 118780 USD, 116440 USD, 115292 USD, 114084 USD, 113929 USD, 113852 USD, 112555 USD, 112077 USD, 111786 USD, 111166 USD, 110603 USD, 110149 USD, 110084 USD, 109871 USD, 108213 USD, 107681 USD, 107580 USD, 107501 USD, 106722 USD, 105479 USD, 105444 USD, 105315 USD, 104520 USD, 104108 USD, 102406 USD, 102047 USD, 101796 USD, 101253 USD, 100895 USD, 100728 USD, 100638 USD, 100577 USD, 100243 USD, 100209 USD, 99720 USD, 99651 USD, 99434 USD, 99433 USD, 99406 USD, 99195 USD, 99113 USD, 98775 USD, 98710 USD, 98633 USD, 98361 USD, 98340 USD, 98185 USD, 97875 USD, 97784 USD, 97772 USD, 97770 USD, 97681 USD, 97555 USD, 97505 USD, 97481 USD, 96783 USD, 96753 USD, 96319 USD, 95958 USD, 95918 USD, 95712 USD, 95655 USD, 95636 USD, 95432 USD, 94950 USD, 94853 USD, 94738 USD, 93782 USD, 93070 USD, 92749 USD, 92734 USD, 92532 USD, 92403 USD, 92253 USD, 91891 USD, 91480 USD, 91220 USD, 91131 USD, 90182 USD, 88096 USD, 87914 USD, 87585 USD, 87331 USD, 87043 USD, 85527 USD, 84908 USD, 84605 USD, 84101 USD, 82893 USD, 82073 USD, 82049 USD, 81568 USD, 80640 USD, 80196 USD, 79782 USD, 79513 USD, 79511 USD, 79429 USD, 79360 USD, 78786 USD, 78519 USD, 78209 USD, 77829 USD, 77537 USD, 77461 USD, 77092 USD, 76780 USD, 76629 USD, 75094 USD, 75089 USD, 75042 USD, 74924 USD, 74588 USD, 74497 USD, 73746 USD, 73640 USD, 73466 USD, 72995 USD, 71727 USD, 71357 USD, 71298 USD, 71200 USD, 71070 USD, 70240 USD, 70240 USD, 68772 USD, 68626 USD, 68470 USD, 67594 USD, 67429 USD, 67088 USD, 66831 USD, 66647 USD, 66325 USD, 66081 USD, 65925 USD, 65735 USD, 65153 USD, 64974 USD, 64907 USD, 64680 USD, 64630 USD, 64265 USD, 64164 USD, 63983 USD, 63770 USD, 62085 USD, 61796 USD, 60828 USD, 60680 USD, 60480 USD, 60312 USD, 59829 USD, 58838 USD, 58553 USD, 58440 USD, 58380 USD, 57891 USD, 57040 USD, 56847 USD, 56834 USD, 56701 USD, 56650 USD, 56040 USD, 55552 USD, 55327 USD, 54578 USD, 54082 USD, 53773 USD, 53718 USD, 53385 USD, 53236 USD, 53029 USD, 52857 USD, 52250 USD, 51993 USD, 51754 USD, 51735 USD, 51319 USD, 51163 USD, 50928 USD, 50928 USD, 50766 USD, 50400 USD, 50241 USD, 50106 USD, 50035 USD, 49861 USD, 49441 USD, 49382 USD, 49075 USD, 48997 USD, 48878 USD, 48666 USD, 48491 USD, 48087 USD, 47850 USD, 47815 USD, 47682 USD, 47565 USD, 47519 USD, 47414 USD, 47143 USD, 46656 USD, 46650 USD, 46343 USD, 45740 USD, 45740 USD, 45740 USD, 45725 USD, 45630 USD, 45413 USD, 45387 USD, 45320 USD, 44470 USD, 44470 USD, 44048 USD, 43825 USD, 43587 USD, 43130 USD, 43070 USD, 42700 USD, 42297 USD, 42059 USD, 41931 USD, 41692 USD, 41580 USD, 41205 USD, 40800 USD, 40744 USD, 40500 USD, 40289 USD, 40048 USD, 39588 USD, 39534 USD, 39501 USD, 39415 USD, 39362 USD, 38726 USD, 38570 USD, 38565 USD, 38379 USD, 38245 USD, 38216 USD, 37602 USD, 37539 USD, 37249 USD, 37235 USD, 37163 USD, 37032 USD, 36933 USD, 36781 USD, 35899 USD, 35766 USD, 35577 USD, 35214 USD, 35178 USD, 34890 USD, 34890 USD, 34635 USD, 33990 USD, 33990 USD, 33600 USD, 33600 USD, 33600 USD, 33589 USD, 33429 USD, 33428 USD, 33344 USD, 33120 USD, 32884 USD, 32422 USD, 32126 USD, 32064 USD, 32025 USD, 31711 USD, 31185 USD, 30920 USD, 30662 USD, 30411 USD, 30400 USD, 30392 USD, 30356 USD, 29765 USD, 29585 USD, 29550 USD, 29096 USD, 28843 USD, 28831 USD, 28827 USD, 28711 USD, 28615 USD, 28561 USD, 28284 USD, 28200 USD, 28159 USD, 28000 USD, 28000 USD, 27901 USD, 27720 USD, 27680 USD, 27510 USD, 27498 USD, 27498 USD, 27356 USD, 27327 USD, 27288 USD, 27280 USD, 27259 USD, 27190 USD, 27028 USD, 27000 USD, 26900 USD, 26838 USD, 26737 USD, 26661 USD, 26337 USD, 26156 USD, 25992 USD, 25944 USD, 25933 USD, 25848 USD, 25520 USD, 25472 USD, 25464 USD, 25128 USD, 25066 USD, 24727 USD, 24382 USD, 24238 USD, 24215 USD, 24210 USD, 24210 USD, 24013 USD, 23974 USD, 23699 USD, 23525 USD, 23520 USD, 23516 USD, 23494 USD, 23226 USD, 23207 USD, 23090 USD, 23090 USD, 22871 USD, 22741 USD, 22740 USD, 22400 USD, 22024 USD, 22021 USD, 21991 USD, 21915 USD, 21741 USD, 21540 USD, 21303 USD, 21160 USD, 21160 USD, 21126 USD, 20934 USD, 20796 USD, 20600 USD, 20589 USD, 20567 USD, 20372 USD, 20343 USD, 20300 USD, 20262 USD, 20196 USD, 20088 USD, 19829 USD, 19766 USD, 19722 USD, 19625 USD, 19388 USD, 19368 USD, 19348 USD, 19344 USD, 19328 USD, 19328 USD, 19273 USD, 19240 USD, 19211 USD, 19113 USD, 19096 USD, 18848 USD, 18810 USD, 18806 USD, 18603 USD, 18588 USD, 18564 USD, 18411 USD, 18204 USD, 18204 USD, 18056 USD, 18025 USD, 17232 USD, 17232 USD, 17232 USD, 16991 USD, 16935 USD, 16841 USD, 16828 USD, 16800 USD, 16512 USD, 16446 USD, 16230 USD, 16200 USD, 16140 USD, 16118 USD, 15855 USD, 15800 USD, 15483 USD, 15289 USD, 15279 USD, 15248 USD, 14971 USD, 14967 USD, 14945 USD, 14833 USD, 14739 USD, 14719 USD, 14655 USD, 14555 USD, 14338 USD, 14180 USD, 14170 USD, 14100 USD, 14067 USD, 14000 USD, 14000 USD, 13862 USD, 13669 USD, 13656 USD, 13571 USD, 13440 USD, 13421 USD, 13186 USD, 12989 USD, 12957 USD, 12911 USD, 12855 USD, 12587 USD, 12544 USD, 12136 USD, 11936 USD, 11930 USD, 11881 USD, 11840 USD, 11577 USD, 11560 USD, 11466 USD, 11089 USD, 10832 USD, 10798 USD, 10605 USD, 10467 USD, 10425 USD, 10191 USD, 10095 USD, 10080 USD, 10052 USD, 9985 USD, 9708 USD, 9599 USD, 9590 USD, 9558 USD, 9447 USD, 9314 USD, 9284 USD, 9258 USD, 9252 USD, 9245 USD, 9194 USD, 9169 USD, 9150 USD, 9075 USD, 8653 USD, 8618 USD, 8371 USD, 8160 USD, 8070 USD, 8070 USD, 7781 USD, 7741 USD, 7711 USD, 7672 USD, 7640 USD, 7440 USD, 7236 USD, 7058 USD, 7050 USD, 7031 USD, 6997 USD, 6985 USD, 6985 USD, 6567 USD, 6250 USD, 5918 USD, 5754 USD, 5754 USD, 5071 USD, 4796 USD, 4747 USD, 4705 USD, 4461 USD, 4334 USD, 4295 USD, 4185 USD, 4180 USD, 3783 USD, 3735 USD, 3657 USD, 3555 USD, 3509 USD, 3465 USD, 3343 USD, 3244 USD, 3125 USD, 3084 USD, 3002 USD, 2794 USD, 2606 USD, 2547 USD, 2410 USD, 2315 USD, 2151 USD, 2040 USD, 1327 USD, 1252 USD, 1194 USD, 1155 USD, 888 USD, 877 USD, 845 USD, 835 USD, 717 USD, 491 USD, 386 USD, 363 USD, 279 USD, 246 USD, 135 USD, 100 USD, 91 USD, 62 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([27029965 USD, 22326233 USD, 22036413 USD, 18192820 USD, 15133575 USD, 13681743 USD, 11920599 USD, 10569738 USD, 10342308 USD, 8719804 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": "0.0986137337245116122212711221168",
"mir_filed": "15822519 USD",
"mix_other": "0.0902915240877458227010548621223",
"mix_stock": "0.807462589867854090991625880732",
"payout_rate": "0.0834568276851754036501837555128",
"stock_count": "719",
"excise_filed": "285852 USD",
"largest_stock": "27029965 USD",
"mir_difference": "0.5 USD",
"mir_recomputed": "15822518.5 USD",
"payout_coverage": "1.70110267886559334439106095378",
"total_assets_fmv": "332481651 USD",
"excise_difference": "0.2931 USD",
"excise_recomputed": "285851.7069 USD",
"distributable_filed": "15525191 USD",
"stock_concentration": "0.0432409882703991754097986324524",
"top10_share_of_stock": "0.595803204418488050063751903194",
"net_investment_income": "20564871 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "15525191 USD",
"effective_stock_holdings": "23.126205944847813887970553636",
"net_noncharitable_assets": "316450370 USD",
"qualifying_distributions": "26409944 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0812976142253335959282757531783",
"largest_stock_halved_share_of_assets": "0.0406488071126667979641378765892"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "27029965",
"name": "29,500 SH COSTCO WHOLESALE CORP",
"shareOfAssets": "0.0812976142253335959282757531783"
},
{
"fmv": "22326233",
"name": "117,235 SH ALPHABET INC CL C",
"shareOfAssets": "0.0671502710987199711661682045726"
},
{
"fmv": "22036413",
"name": "116,410 SH ALPHABET INC CL A",
"shareOfAssets": "0.0662785838969501507919304695705"
},
{
"fmv": "18192820",
"name": "51,715 SH ACCENTURE PLC",
"shareOfAssets": "0.0547182677458492288345861227692"
},
{
"fmv": "15133575",
"name": "47,885 SH VISA INC. CLASS A SHS",
"shareOfAssets": "0.0455170231334059394453620539799"
},
{
"fmv": "13681743",
"name": "70,945 SH PNC FIN'L SERVICES",
"shareOfAssets": "0.0411503701297489045493220316089"
},
{
"fmv": "11920599",
"name": "30,645 SH HOME DEPOT INC",
"shareOfAssets": "0.0358534041326689634370228749857"
},
{
"fmv": "10569738",
"name": "142,815 SH SCHWAB CHARLES CORP NEW",
"shareOfAssets": "0.0317904400685257665542571550813"
},
{
"fmv": "10342308",
"name": "20,445 SH UNITEDHEALTH GROUP INC",
"shareOfAssets": "0.031106402319928325909329655007"
},
{
"fmv": "8719804",
"name": "77,105 SH T ROWE PRICE GROUP INC",
"shareOfAssets": "0.0262264217401880021342892092412"
}
],
"count": 719,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "f0a788a12dfcec031474b193b09e4fb4efe35ca095ad0d20bb24c30c03a296b3",
"otherInvestments": [
{
"fmv": "15798019",
"name": "FRAMTIDEN HOLDINGS LLC",
"shareOfAssets": "0.0475154612366864119066829345118"
},
{
"fmv": "2232019",
"name": "COMMONFUND CAPITAL EMERGING MARKETS II LP",
"shareOfAssets": "0.0067132095659618822092531055195"
},
{
"fmv": "1891701",
"name": "HARBERT INFRASTRUCTURE FUND VI, LP",
"shareOfAssets": "0.0056896402983754432812293752716"
},
{
"fmv": "1866398",
"name": "AXIOM ASIA 6, LP",
"shareOfAssets": "0.00561353685048923196065337151493"
},
{
"fmv": "1608140",
"name": "INCLINE ASCENT FUND A LP",
"shareOfAssets": "0.00483677819561838015536081418219"
}
]
}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.