Sealed proof · filed Form 990-PF
GOOD VENTURES FOUNDATION
EIN 46-1008520, 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.
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 15, 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 distributions0.86×
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 rate4.1%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$10.11B
end of the tax year, Part II
Largest listed stock5.0%
TAIWAN SEMICONDUCTOR MANUFACTURING
If that stock halved−2.5%
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
GOOD VENTURES FOUNDATION · 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/f748429d4b20 — 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) | $412,918,563 | $412,918,563.45 | recomputes, within the form's whole-dollar rounding (difference −$0.45) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $34,438,508 | $34,438,507.5469 | recomputes, within the form's whole-dollar rounding (difference $0.4531) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $393,790,093 | $393,790,093 | recomputes exactly |
Where the assets sit, at fair market value
| Part II line | Fair market value | Share of assets |
|---|---|---|
| Cash (line 1) | $619,508 | <0.1% |
| Savings and temporary cash investments (line 2) | $1.01B | 9.9% |
| U.S. and state government obligations (line 10a) | $809.2M | 8.0% |
| Corporate stock (line 10b) | $4.29B | 42.4% |
| Other investments (line 13) | $4B | 39.6% |
The ten largest listed stocks, of 406 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 22.0 equal holdings; the ten largest are 56.0% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING | $508.9M | 5.0% |
| SK HYNIX INC | $399.7M | 4.0% |
| BROADCOM INC | $290.4M | 2.9% |
| VISTRA CORP | $202M | 2.0% |
| MICRON TECHNOLOGY INC | $184.1M | 1.8% |
| VERTIV HOLDINGS CO | $178.7M | 1.8% |
| CONSTELLATION ENERGY CORP | $173.3M | 1.7% |
| ADVANTEST CORP | $163.8M | 1.6% |
| GE VERNOVA INC | $156.1M | 1.5% |
| AMAZON.COM INC | $142.9M | 1.4% |
Largest other investments (line 13), as listed
| PRIVATE EQUITY | $1.34B | 13.3% |
| HEDGE FUNDS | $906M | 9.0% |
| PRIVATE CREDIT | $658.3M | 6.5% |
| REAL ASSETS | $410.3M | 4.1% |
| FIXED INCOME | $322.4M | 3.2% |
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? 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 $412,918,563; recomputed $412,918,563.45; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $34,438,508; recomputed $34,438,507.54; 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 $393,790,093; recomputed $393,790,093; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $337,695,777 against a distributable amount of $393,790,093 (0.86×). |
| 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 | 406 listed holdings sum to Part II line 10b exactly; the largest is 5.0% 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 15 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) | $34,438,507 | Projected under the assumptions below |
| June 30, 2027 | Distributable amount for the year ending 30 June 2026, to be paid out | $378,480,055 | 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 $330,334,850, $82,583,712 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, $8258371269; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $2477590471.
- 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)
5f1ea222708cb5b3…· 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
f748429d4b20e278f7bf445c4bbbc87f2d2d2dc8f4bfdd47f599610d4955af56 · recomputed now, matchesreturn Form 990-PF, IRS object
202641359349102829, schema 2024v5.5 — the file as the IRS published it hashes to 59e3f50b90315655…source file
202641359349102829_public.xml inside 2026_TEOS_XML_05B.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py f748429d4b20 --fetcharithmetic
kernel@2026-09-15.1 · kernel proof c03024ba7c27fc34…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 = 10107955038 USD let mix_cash = share(619508 USD, total_assets_fmv) let mix_savings = share(1005590628 USD, total_assets_fmv) let mix_government = share(809177807 USD, total_assets_fmv) let mix_stock = share(4289427456 USD, total_assets_fmv) let mix_other = share(3998505728 USD, total_assets_fmv) let net_noncharitable_assets = 8258371269 USD let mir_filed = 412918563 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 2477590471 USD let excise_filed = 34438508 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 393790093 USD let distributable_recomputed = 412918563 USD - 34974869 USD + 15846399 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 337695777 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 = [508854795 USD, 399749206 USD, 290449924 USD, 202021342 USD, 184134391 USD, 178712948 USD, 173258859 USD, 163827566 USD, 156083905 USD, 142874446 USD, 141460481 USD, 125487392 USD, 98991994 USD, 95495098 USD, 88932236 USD, 82319895 USD, 79969076 USD, 79854699 USD, 77194089 USD, 75948699 USD, 71084664 USD, 55464822 USD, 49832004 USD, 48703653 USD, 46289112 USD, 45484986 USD, 45050242 USD, 43891305 USD, 41896718 USD, 36623647 USD, 35647368 USD, 34837160 USD, 23232366 USD, 20104884 USD, 18926444 USD, 18554763 USD, 18461700 USD, 17316042 USD, 17148363 USD, 16156252 USD, 15009939 USD, 13583078 USD, 10167960 USD, 9871699 USD, 9718905 USD, 9204303 USD, 7805117 USD, 7401491 USD, 7150743 USD, 4414934 USD, 4257774 USD, 3000000 USD, 2969917 USD, 2344886 USD, 2058471 USD, 1781371 USD, 1662437 USD, 1572646 USD, 1560786 USD, 1464057 USD, 1426307 USD, 1422156 USD, 1341766 USD, 1340236 USD, 1302595 USD, 1295658 USD, 1240143 USD, 1201325 USD, 1177921 USD, 1165904 USD, 1071813 USD, 1033978 USD, 1012178 USD, 1009612 USD, 988992 USD, 987760 USD, 980933 USD, 974381 USD, 912223 USD, 908683 USD, 894008 USD, 878768 USD, 872166 USD, 855047 USD, 828687 USD, 759718 USD, 754945 USD, 752056 USD, 751149 USD, 749275 USD, 739715 USD, 733331 USD, 724802 USD, 722809 USD, 719651 USD, 703043 USD, 700747 USD, 692257 USD, 691457 USD, 688270 USD, 669242 USD, 643446 USD, 621136 USD, 616839 USD, 616714 USD, 608116 USD, 590555 USD, 588048 USD, 586179 USD, 585785 USD, 583399 USD, 578476 USD, 576775 USD, 565673 USD, 545037 USD, 540574 USD, 537394 USD, 536916 USD, 536670 USD, 532336 USD, 532096 USD, 529980 USD, 528295 USD, 524138 USD, 522524 USD, 522450 USD, 520833 USD, 519515 USD, 518572 USD, 517737 USD, 517362 USD, 516687 USD, 513794 USD, 511301 USD, 510782 USD, 510648 USD, 509000 USD, 507817 USD, 506038 USD, 497114 USD, 492594 USD, 491554 USD, 489450 USD, 485435 USD, 481334 USD, 480660 USD, 468345 USD, 468195 USD, 467032 USD, 465360 USD, 461625 USD, 456347 USD, 454084 USD, 453096 USD, 449724 USD, 448615 USD, 446216 USD, 444349 USD, 438077 USD, 431539 USD, 427885 USD, 426478 USD, 426061 USD, 425504 USD, 424512 USD, 421978 USD, 411917 USD, 410704 USD, 410580 USD, 407131 USD, 400453 USD, 399362 USD, 396468 USD, 394595 USD, 388958 USD, 385985 USD, 384511 USD, 384311 USD, 383515 USD, 382453 USD, 381967 USD, 376751 USD, 376128 USD, 369603 USD, 368041 USD, 365725 USD, 365534 USD, 362634 USD, 362411 USD, 359995 USD, 358621 USD, 358175 USD, 356291 USD, 353289 USD, 353184 USD, 352414 USD, 351603 USD, 348122 USD, 346502 USD, 346415 USD, 346108 USD, 338986 USD, 335181 USD, 332547 USD, 331909 USD, 329956 USD, 327172 USD, 325830 USD, 323048 USD, 319562 USD, 316701 USD, 314807 USD, 313033 USD, 307701 USD, 307338 USD, 306960 USD, 301229 USD, 299596 USD, 298841 USD, 295569 USD, 294653 USD, 291202 USD, 288716 USD, 286596 USD, 276883 USD, 276751 USD, 274961 USD, 274518 USD, 274517 USD, 274194 USD, 273064 USD, 272397 USD, 271046 USD, 270849 USD, 269067 USD, 268953 USD, 267958 USD, 267842 USD, 266303 USD, 261258 USD, 260435 USD, 260354 USD, 258145 USD, 258083 USD, 256209 USD, 255232 USD, 253884 USD, 247257 USD, 246449 USD, 245227 USD, 244287 USD, 241765 USD, 241061 USD, 240896 USD, 240104 USD, 238341 USD, 235094 USD, 232980 USD, 232234 USD, 229876 USD, 228719 USD, 228169 USD, 227351 USD, 226247 USD, 225282 USD, 225186 USD, 220586 USD, 220015 USD, 219055 USD, 217914 USD, 216891 USD, 216760 USD, 216726 USD, 216390 USD, 216343 USD, 214080 USD, 213062 USD, 209722 USD, 208118 USD, 205097 USD, 204723 USD, 204485 USD, 204475 USD, 203637 USD, 203139 USD, 201285 USD, 197831 USD, 196120 USD, 195890 USD, 194465 USD, 194400 USD, 193522 USD, 193508 USD, 192874 USD, 190457 USD, 187607 USD, 183951 USD, 183764 USD, 180030 USD, 177169 USD, 176864 USD, 175943 USD, 174777 USD, 173832 USD, 173786 USD, 171619 USD, 171591 USD, 170631 USD, 170293 USD, 168228 USD, 167959 USD, 167713 USD, 165366 USD, 163433 USD, 163368 USD, 162437 USD, 162231 USD, 160462 USD, 157669 USD, 156203 USD, 155729 USD, 155351 USD, 154094 USD, 153536 USD, 153035 USD, 150779 USD, 149467 USD, 148385 USD, 144952 USD, 144233 USD, 144063 USD, 144024 USD, 143952 USD, 142238 USD, 142015 USD, 140829 USD, 138483 USD, 137699 USD, 137550 USD, 137055 USD, 135882 USD, 133224 USD, 132747 USD, 131712 USD, 131565 USD, 131023 USD, 130834 USD, 130254 USD, 130230 USD, 128757 USD, 127552 USD, 126637 USD, 124584 USD, 123593 USD, 122714 USD, 118777 USD, 117992 USD, 116989 USD, 115964 USD, 111166 USD, 110410 USD, 109483 USD, 107258 USD, 105297 USD, 104892 USD, 103865 USD, 103158 USD, 102388 USD, 102019 USD, 100476 USD, 99201 USD, 97737 USD, 97137 USD, 97015 USD, 96718 USD, 95929 USD, 94117 USD, 94027 USD, 93374 USD, 90971 USD, 90485 USD, 90399 USD, 89718 USD, 86452 USD, 85823 USD, 84588 USD, 82750 USD, 81840 USD, 79669 USD, 78251 USD, 76965 USD, 73773 USD, 70948 USD, 70744 USD, 67866 USD, 59559 USD, 59130 USD, 57709 USD … (6606 characters; the full program is in the body below)
{
"mix": [
{
"fmv": "619508",
"line": "cash",
"label": "Cash (line 1)",
"share": "0.0000612891527189240748183866229026"
},
{
"fmv": "1005590628",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.0994850713343665745735977421945"
},
{
"fmv": "809177807",
"line": "government",
"label": "U.S. and state government obligations (line 10a)",
"share": "0.0800535621654394620586756116119"
},
{
"fmv": "4289427456",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.42436154888642273756817634946"
},
{
"fmv": "3998505728",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.395580086473273447894812450194"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "461008520",
"name": "GOOD VENTURES 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": "412918563",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "-0.45",
"recomputed": "412918563.45"
},
{
"id": "excise_tax",
"note": null,
"filed": "34438508",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "0.4531",
"recomputed": "34438507.5469"
},
{
"id": "distributable_amount",
"note": null,
"filed": "393790093",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "393790093"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "2477590471",
"grossInvestmentIncome": "2533623679",
"netNoncharitableAssets": "8258371269",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2025-06-30",
"days": 365,
"begin": "2024-07-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202641359349102829",
"returnTs": "2026-05-15T15:13:26-05:00",
"operating": false,
"sourceSha256": "59e3f50b90315655ea928fe9074de3efba9dc402da3d385d34feaec10e040df8",
"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": "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 = 10107955038 USD\nlet mix_cash = share(619508 USD, total_assets_fmv)\nlet mix_savings = share(1005590628 USD, total_assets_fmv)\nlet mix_government = share(809177807 USD, total_assets_fmv)\nlet mix_stock = share(4289427456 USD, total_assets_fmv)\nlet mix_other = share(3998505728 USD, total_assets_fmv)\nlet net_noncharitable_assets = 8258371269 USD\nlet mir_filed = 412918563 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 2477590471 USD\nlet excise_filed = 34438508 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 393790093 USD\nlet distributable_recomputed = 412918563 USD - 34974869 USD + 15846399 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 337695777 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 = [508854795 USD, 399749206 USD, 290449924 USD, 202021342 USD, 184134391 USD, 178712948 USD, 173258859 USD, 163827566 USD, 156083905 USD, 142874446 USD, 141460481 USD, 125487392 USD, 98991994 USD, 95495098 USD, 88932236 USD, 82319895 USD, 79969076 USD, 79854699 USD, 77194089 USD, 75948699 USD, 71084664 USD, 55464822 USD, 49832004 USD, 48703653 USD, 46289112 USD, 45484986 USD, 45050242 USD, 43891305 USD, 41896718 USD, 36623647 USD, 35647368 USD, 34837160 USD, 23232366 USD, 20104884 USD, 18926444 USD, 18554763 USD, 18461700 USD, 17316042 USD, 17148363 USD, 16156252 USD, 15009939 USD, 13583078 USD, 10167960 USD, 9871699 USD, 9718905 USD, 9204303 USD, 7805117 USD, 7401491 USD, 7150743 USD, 4414934 USD, 4257774 USD, 3000000 USD, 2969917 USD, 2344886 USD, 2058471 USD, 1781371 USD, 1662437 USD, 1572646 USD, 1560786 USD, 1464057 USD, 1426307 USD, 1422156 USD, 1341766 USD, 1340236 USD, 1302595 USD, 1295658 USD, 1240143 USD, 1201325 USD, 1177921 USD, 1165904 USD, 1071813 USD, 1033978 USD, 1012178 USD, 1009612 USD, 988992 USD, 987760 USD, 980933 USD, 974381 USD, 912223 USD, 908683 USD, 894008 USD, 878768 USD, 872166 USD, 855047 USD, 828687 USD, 759718 USD, 754945 USD, 752056 USD, 751149 USD, 749275 USD, 739715 USD, 733331 USD, 724802 USD, 722809 USD, 719651 USD, 703043 USD, 700747 USD, 692257 USD, 691457 USD, 688270 USD, 669242 USD, 643446 USD, 621136 USD, 616839 USD, 616714 USD, 608116 USD, 590555 USD, 588048 USD, 586179 USD, 585785 USD, 583399 USD, 578476 USD, 576775 USD, 565673 USD, 545037 USD, 540574 USD, 537394 USD, 536916 USD, 536670 USD, 532336 USD, 532096 USD, 529980 USD, 528295 USD, 524138 USD, 522524 USD, 522450 USD, 520833 USD, 519515 USD, 518572 USD, 517737 USD, 517362 USD, 516687 USD, 513794 USD, 511301 USD, 510782 USD, 510648 USD, 509000 USD, 507817 USD, 506038 USD, 497114 USD, 492594 USD, 491554 USD, 489450 USD, 485435 USD, 481334 USD, 480660 USD, 468345 USD, 468195 USD, 467032 USD, 465360 USD, 461625 USD, 456347 USD, 454084 USD, 453096 USD, 449724 USD, 448615 USD, 446216 USD, 444349 USD, 438077 USD, 431539 USD, 427885 USD, 426478 USD, 426061 USD, 425504 USD, 424512 USD, 421978 USD, 411917 USD, 410704 USD, 410580 USD, 407131 USD, 400453 USD, 399362 USD, 396468 USD, 394595 USD, 388958 USD, 385985 USD, 384511 USD, 384311 USD, 383515 USD, 382453 USD, 381967 USD, 376751 USD, 376128 USD, 369603 USD, 368041 USD, 365725 USD, 365534 USD, 362634 USD, 362411 USD, 359995 USD, 358621 USD, 358175 USD, 356291 USD, 353289 USD, 353184 USD, 352414 USD, 351603 USD, 348122 USD, 346502 USD, 346415 USD, 346108 USD, 338986 USD, 335181 USD, 332547 USD, 331909 USD, 329956 USD, 327172 USD, 325830 USD, 323048 USD, 319562 USD, 316701 USD, 314807 USD, 313033 USD, 307701 USD, 307338 USD, 306960 USD, 301229 USD, 299596 USD, 298841 USD, 295569 USD, 294653 USD, 291202 USD, 288716 USD, 286596 USD, 276883 USD, 276751 USD, 274961 USD, 274518 USD, 274517 USD, 274194 USD, 273064 USD, 272397 USD, 271046 USD, 270849 USD, 269067 USD, 268953 USD, 267958 USD, 267842 USD, 266303 USD, 261258 USD, 260435 USD, 260354 USD, 258145 USD, 258083 USD, 256209 USD, 255232 USD, 253884 USD, 247257 USD, 246449 USD, 245227 USD, 244287 USD, 241765 USD, 241061 USD, 240896 USD, 240104 USD, 238341 USD, 235094 USD, 232980 USD, 232234 USD, 229876 USD, 228719 USD, 228169 USD, 227351 USD, 226247 USD, 225282 USD, 225186 USD, 220586 USD, 220015 USD, 219055 USD, 217914 USD, 216891 USD, 216760 USD, 216726 USD, 216390 USD, 216343 USD, 214080 USD, 213062 USD, 209722 USD, 208118 USD, 205097 USD, 204723 USD, 204485 USD, 204475 USD, 203637 USD, 203139 USD, 201285 USD, 197831 USD, 196120 USD, 195890 USD, 194465 USD, 194400 USD, 193522 USD, 193508 USD, 192874 USD, 190457 USD, 187607 USD, 183951 USD, 183764 USD, 180030 USD, 177169 USD, 176864 USD, 175943 USD, 174777 USD, 173832 USD, 173786 USD, 171619 USD, 171591 USD, 170631 USD, 170293 USD, 168228 USD, 167959 USD, 167713 USD, 165366 USD, 163433 USD, 163368 USD, 162437 USD, 162231 USD, 160462 USD, 157669 USD, 156203 USD, 155729 USD, 155351 USD, 154094 USD, 153536 USD, 153035 USD, 150779 USD, 149467 USD, 148385 USD, 144952 USD, 144233 USD, 144063 USD, 144024 USD, 143952 USD, 142238 USD, 142015 USD, 140829 USD, 138483 USD, 137699 USD, 137550 USD, 137055 USD, 135882 USD, 133224 USD, 132747 USD, 131712 USD, 131565 USD, 131023 USD, 130834 USD, 130254 USD, 130230 USD, 128757 USD, 127552 USD, 126637 USD, 124584 USD, 123593 USD, 122714 USD, 118777 USD, 117992 USD, 116989 USD, 115964 USD, 111166 USD, 110410 USD, 109483 USD, 107258 USD, 105297 USD, 104892 USD, 103865 USD, 103158 USD, 102388 USD, 102019 USD, 100476 USD, 99201 USD, 97737 USD, 97137 USD, 97015 USD, 96718 USD, 95929 USD, 94117 USD, 94027 USD, 93374 USD, 90971 USD, 90485 USD, 90399 USD, 89718 USD, 86452 USD, 85823 USD, 84588 USD, 82750 USD, 81840 USD, 79669 USD, 78251 USD, 76965 USD, 73773 USD, 70948 USD, 70744 USD, 67866 USD, 59559 USD, 59130 USD, 57709 USD, 56786 USD, 52666 USD, 51881 USD, 49386 USD, 39461 USD, 32777 USD, 614 USD, 9 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([508854795 USD, 399749206 USD, 290449924 USD, 202021342 USD, 184134391 USD, 178712948 USD, 173258859 USD, 163827566 USD, 156083905 USD, 142874446 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": "0.0000612891527189240748183866229026",
"mir_filed": "412918563 USD",
"mix_other": "0.395580086473273447894812450194",
"mix_stock": "0.42436154888642273756817634946",
"mix_savings": "0.0994850713343665745735977421945",
"payout_rate": "0.0408913290526948334998621142762",
"stock_count": "406",
"excise_filed": "34438508 USD",
"largest_stock": "508854795 USD",
"mir_difference": "-0.45 USD",
"mir_recomputed": "412918563.45 USD",
"mix_government": "0.0800535621654394620586756116119",
"payout_coverage": "0.857552749555840146542234113543",
"total_assets_fmv": "10107955038 USD",
"excise_difference": "0.4531 USD",
"excise_recomputed": "34438507.5469 USD",
"distributable_filed": "393790093 USD",
"stock_concentration": "0.0454326469334207160551835636754",
"top10_share_of_stock": "0.559507628143461018588677584107",
"net_investment_income": "2477590471 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "393790093 USD",
"effective_stock_holdings": "22.0106039928831409061214736228",
"net_noncharitable_assets": "8258371269 USD",
"qualifying_distributions": "337695777 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0503420121168924416024890513566",
"largest_stock_halved_share_of_assets": "0.0251710060584462208012445256783"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "508854795",
"name": "TAIWAN SEMICONDUCTOR MANUFACTURING",
"shareOfAssets": "0.0503420121168924416024890513566"
},
{
"fmv": "399749206",
"name": "SK HYNIX INC",
"shareOfAssets": "0.039547980229153844797701799987"
},
{
"fmv": "290449924",
"name": "BROADCOM INC",
"shareOfAssets": "0.0287347859095215733981977769854"
},
{
"fmv": "202021342",
"name": "VISTRA CORP",
"shareOfAssets": "0.0199863712531879982032820751849"
},
{
"fmv": "184134391",
"name": "MICRON TECHNOLOGY INC",
"shareOfAssets": "0.0182167797846114637614398141924"
},
{
"fmv": "178712948",
"name": "VERTIV HOLDINGS CO",
"shareOfAssets": "0.0176804256972002569764497601043"
},
{
"fmv": "173258859",
"name": "CONSTELLATION ENERGY CORP",
"shareOfAssets": "0.0171408418763882515006493838739"
},
{
"fmv": "163827566",
"name": "ADVANTEST CORP",
"shareOfAssets": "0.0162077853912195053434308717193"
},
{
"fmv": "156083905",
"name": "GE VERNOVA INC",
"shareOfAssets": "0.0154416896803770685708109498221"
},
{
"fmv": "142874446",
"name": "AMAZON.COM INC",
"shareOfAssets": "0.0141348517541753632007004580425"
}
],
"count": 406,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "c03024ba7c27fc34731e5daaa50e369ae189b95920479da08867cdcbb49184be",
"otherInvestments": [
{
"fmv": "1339422459",
"name": "PRIVATE EQUITY",
"shareOfAssets": "0.13251171517528073911481916111"
},
{
"fmv": "906041941",
"name": "HEDGE FUNDS",
"shareOfAssets": "0.0896365226788022046205702562406"
},
{
"fmv": "658286371",
"name": "PRIVATE CREDIT",
"shareOfAssets": "0.0651255737214133025509407692322"
},
{
"fmv": "410252102",
"name": "REAL ASSETS",
"shareOfAssets": "0.0405870525202864480727422088084"
},
{
"fmv": "322362362",
"name": "FIXED INCOME",
"shareOfAssets": "0.0318919465696182887987238789299"
}
]
}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.