Sealed proof · filed Form 990-PF
REMONDI FAMILY FOUNDATION
EIN 20-8037556, 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 3, 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 distributions0.06×
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 rate0.3%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$45.1M
end of the tax year, Part II
Largest listed stock5.2%
VANGUARD INDEX FDS VANGUARD GR
If that stock halved−2.6%
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
REMONDI FAMILY FOUNDATION · Form 990-PF, year ended December 31, 2024checking
Recomputing the seal in your browser…
The foundation’s own public return, sealed through the same free action as yours. Your edits stay in this page: nothing is sent and nothing is saved. A sealed copy shows nothing changed; it does not show the original was correct.
This page’s own short link: paretoalphasystems.com/p/fa608fa5f628 — 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) | $2,078,701 | $2,078,700.5 | recomputes, within the form's whole-dollar rounding (difference $0.5) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $24,428 | $24,427.7349 | recomputes, within the form's whole-dollar rounding (difference $0.2651) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $2,054,273 | $2,054,273 | recomputes exactly |
Where the assets sit, at fair market value
| Part II line | Fair market value | Share of assets |
|---|---|---|
| Cash (line 1) | $4.2M | 9.4% |
| Corporate stock (line 10b) | $22.5M | 50.0% |
| Other investments (line 13) | $18.3M | 40.6% |
The ten largest listed stocks, of 680 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 42.4 equal holdings; the ten largest are 37.7% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| VANGUARD INDEX FDS VANGUARD GR | $2.4M | 5.2% |
| FIDELITY STOCK SELECTOR ALL CA | $1.5M | 3.3% |
| ISHARES S&P 500 INDEX FUND | $979,564 | 2.2% |
| VANGUARD DEVELOPED MARKETS IND | $625,629 | 1.4% |
| AKRE FOCUS FUND | $612,029 | 1.4% |
| ISHARES CORE S&P SMALL-CAP E | $569,993 | 1.3% |
| FIDELITY EMERGING MARKETS | $557,937 | 1.2% |
| BBH CEDAR STREET EQUITY INTERM | $503,532 | 1.1% |
| NVIDIA CORPORATION COM | $414,259 | 0.9% |
| APPLE INC | $400,797 | 0.9% |
Largest other investments (line 13), as listed
| VALLEY FORGE LARGE CAP EQUITY | $3.4M | 7.4% |
| ALTAROCK PARTNERS SERIES - BBH | $2.9M | 6.5% |
| ALIBABA GROUP HOLDING -SP ADR | $2.6M | 5.7% |
| BBH CAPITAL PARTNERS VI-4 (CAY | $2.4M | 5.3% |
| SELECT EQUITY SERIES - - BBH W | $2M | 4.4% |
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 $2,078,701; recomputed $2,078,700.5; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $24,428; recomputed $24,427.73; 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 $2,054,273; recomputed $2,054,273; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $121,674 against a distributable amount of $2,054,273 (0.06×). |
| 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 | 680 listed holdings sum to Part II line 10b exactly; the largest is 5.2% 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 3 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. | $24,427 | Projected under the assumptions below |
| December 31, 2026 | Distributable amount for the year ending 31 December 2025, to be paid out | $2,054,272 | 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 $1,662,960, $415,740 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, $41574010; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $1757391.
- 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)
757242e720a5b08b…· 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
fa608fa5f62869a08f407a0f04ac0078e5f73edd866d9672f52b5fb50eaa5e90 · recomputed now, matchesreturn Form 990-PF, IRS object
202533079349101153, schema 2024v5.2 — the file as the IRS published it hashes to 62718b8f981efdbd…source file
202533079349101153_public.xml inside 2025_TEOS_XML_11C.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py fa608fa5f628 --fetcharithmetic
kernel@2026-09-15.1 · kernel proof ee790f8598b8116a…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 = 45105190 USD let mix_cash = share(4234394 USD, total_assets_fmv) let mix_stock = share(22540876 USD, total_assets_fmv) let mix_other = share(18329920 USD, total_assets_fmv) let net_noncharitable_assets = 41574010 USD let mir_filed = 2078701 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 1757391 USD let excise_filed = 24428 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 2054273 USD let distributable_recomputed = 2078701 USD - 24428 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 121674 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 = [2357567 USD, 1481655 USD, 979564 USD, 625629 USD, 612029 USD, 569993 USD, 557937 USD, 503532 USD, 414259 USD, 400797 USD, 390473 USD, 318258 USD, 264880 USD, 260123 USD, 252510 USD, 236531 USD, 220288 USD, 219972 USD, 216563 USD, 195825 USD, 181573 USD, 176297 USD, 169173 USD, 166046 USD, 159982 USD, 152464 USD, 141593 USD, 138448 USD, 120831 USD, 117682 USD, 115411 USD, 112582 USD, 111507 USD, 106311 USD, 100287 USD, 92225 USD, 91491 USD, 84032 USD, 76456 USD, 72676 USD, 70937 USD, 70031 USD, 67629 USD, 66230 USD, 63202 USD, 63049 USD, 63023 USD, 62767 USD, 62009 USD, 61542 USD, 60494 USD, 59343 USD, 58762 USD, 58686 USD, 56825 USD, 56821 USD, 56464 USD, 55848 USD, 54388 USD, 54225 USD, 53685 USD, 53221 USD, 52688 USD, 52594 USD, 52048 USD, 51386 USD, 51117 USD, 50743 USD, 50484 USD, 49992 USD, 49485 USD, 48950 USD, 48921 USD, 47448 USD, 47369 USD, 46756 USD, 46662 USD, 46556 USD, 46042 USD, 45700 USD, 45538 USD, 43415 USD, 43119 USD, 43109 USD, 42614 USD, 42582 USD, 42216 USD, 42146 USD, 41697 USD, 40642 USD, 39805 USD, 39487 USD, 38885 USD, 38332 USD, 38147 USD, 37904 USD, 37803 USD, 37649 USD, 37543 USD, 37338 USD, 37267 USD, 37220 USD, 37189 USD, 36989 USD, 35912 USD, 35540 USD, 35083 USD, 33374 USD, 33317 USD, 32755 USD, 32521 USD, 32224 USD, 32101 USD, 31761 USD, 31568 USD, 31506 USD, 31089 USD, 30914 USD, 30502 USD, 30310 USD, 30065 USD, 29412 USD, 29264 USD, 29174 USD, 29111 USD, 29039 USD, 28979 USD, 28426 USD, 28407 USD, 28371 USD, 28257 USD, 28212 USD, 27891 USD, 27663 USD, 27473 USD, 27273 USD, 27030 USD, 27021 USD, 26879 USD, 26834 USD, 26749 USD, 26510 USD, 26137 USD, 26113 USD, 25983 USD, 25756 USD, 25544 USD, 25342 USD, 25103 USD, 24890 USD, 24867 USD, 24832 USD, 24782 USD, 24595 USD, 24547 USD, 24532 USD, 24425 USD, 23979 USD, 23490 USD, 23409 USD, 23407 USD, 23288 USD, 23232 USD, 23161 USD, 23007 USD, 22632 USD, 22371 USD, 22218 USD, 22171 USD, 22061 USD, 22039 USD, 21979 USD, 21960 USD, 21937 USD, 21846 USD, 21844 USD, 21722 USD, 21650 USD, 21532 USD, 21442 USD, 21435 USD, 21139 USD, 20832 USD, 20710 USD, 20569 USD, 20438 USD, 20379 USD, 20362 USD, 20320 USD, 20262 USD, 20126 USD, 20076 USD, 19769 USD, 19514 USD, 19336 USD, 19266 USD, 19187 USD, 19017 USD, 18943 USD, 18942 USD, 18783 USD, 18721 USD, 18325 USD, 18293 USD, 18244 USD, 18122 USD, 17969 USD, 17963 USD, 17959 USD, 17922 USD, 17727 USD, 17711 USD, 17459 USD, 17328 USD, 17161 USD, 17089 USD, 17016 USD, 17013 USD, 16969 USD, 16896 USD, 16721 USD, 16685 USD, 16538 USD, 16522 USD, 16514 USD, 16451 USD, 16257 USD, 15836 USD, 15831 USD, 15814 USD, 15736 USD, 15646 USD, 15533 USD, 15423 USD, 15416 USD, 15364 USD, 15312 USD, 15278 USD, 15270 USD, 15216 USD, 15097 USD, 15022 USD, 15019 USD, 14824 USD, 14756 USD, 14699 USD, 14456 USD, 14375 USD, 14355 USD, 14294 USD, 14248 USD, 14120 USD, 13919 USD, 13917 USD, 13916 USD, 13723 USD, 13562 USD, 13501 USD, 13461 USD, 13439 USD, 13410 USD, 13387 USD, 13376 USD, 13317 USD, 13301 USD, 13289 USD, 13287 USD, 13260 USD, 13235 USD, 13208 USD, 13157 USD, 13086 USD, 13080 USD, 12953 USD, 12877 USD, 12848 USD, 12760 USD, 12660 USD, 12639 USD, 12552 USD, 12510 USD, 12476 USD, 12469 USD, 12436 USD, 12407 USD, 12396 USD, 12375 USD, 12371 USD, 12350 USD, 12216 USD, 12174 USD, 12155 USD, 12074 USD, 11966 USD, 11947 USD, 11920 USD, 11910 USD, 11871 USD, 11868 USD, 11858 USD, 11845 USD, 11817 USD, 11798 USD, 11713 USD, 11635 USD, 11554 USD, 11546 USD, 11498 USD, 11425 USD, 11398 USD, 11393 USD, 11334 USD, 11304 USD, 11278 USD, 11271 USD, 11195 USD, 10982 USD, 10962 USD, 10933 USD, 10895 USD, 10562 USD, 10546 USD, 10527 USD, 10386 USD, 10299 USD, 10263 USD, 10199 USD, 10197 USD, 10196 USD, 10190 USD, 10172 USD, 10164 USD, 10148 USD, 10135 USD, 10093 USD, 10083 USD, 9956 USD, 9941 USD, 9914 USD, 9748 USD, 9653 USD, 9554 USD, 9527 USD, 9459 USD, 9412 USD, 9405 USD, 9402 USD, 9400 USD, 9376 USD, 9348 USD, 9293 USD, 9261 USD, 9257 USD, 9146 USD, 8981 USD, 8927 USD, 8882 USD, 8835 USD, 8787 USD, 8742 USD, 8608 USD, 8592 USD, 8583 USD, 8498 USD, 8491 USD, 8412 USD, 8284 USD, 8196 USD, 8191 USD, 8177 USD, 8155 USD, 8105 USD, 8066 USD, 7999 USD, 7956 USD, 7935 USD, 7835 USD, 7827 USD, 7638 USD, 7630 USD, 7621 USD, 7604 USD, 7586 USD, 7526 USD, 7489 USD, 7450 USD, 7444 USD, 7365 USD, 7342 USD, 7326 USD, 7298 USD, 7285 USD, 7280 USD, 7229 USD, 7158 USD, 7120 USD, 7070 USD, 7047 USD, 6991 USD, 6960 USD, 6938 USD, 6921 USD, 6860 USD, 6841 USD, 6829 USD, 6794 USD, 6791 USD, 6716 USD, 6707 USD, 6677 USD, 6673 USD, 6666 USD, 6656 USD, 6652 USD, 6645 USD, 6607 USD, 6600 USD, 6592 USD, 6590 USD, 6585 USD, 6549 USD, 6537 USD, 6534 USD, 6454 USD, 6429 USD, 6419 USD, 6387 USD, 6347 USD, 6339 USD, 6288 USD, 6271 USD, 6238 USD, 6207 USD, 6181 USD, 6089 USD, 6001 USD, 6000 USD, 5998 USD, 5948 USD, 5857 USD, 5834 USD, 5832 USD, 5818 USD, 5773 USD, 5733 USD, 5723 USD, 5715 USD, 5692 USD, 5650 USD, 5650 USD, 5635 USD, 5596 USD, 5574 USD, 5573 USD, 5570 USD, 5543 USD, 5475 USD, 5461 USD, 5407 USD, 5339 USD, 5273 USD, 5247 USD, 5195 USD, 5099 USD, 5048 USD, 502 … (8609 characters; the full program is in the body below)
{
"mix": [
{
"fmv": "4234394",
"line": "cash",
"label": "Cash (line 1)",
"share": "0.093878198938969107546160430762"
},
{
"fmv": "22540876",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.499740185109518439008903410007"
},
{
"fmv": "18329920",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.406381615951512453444936159231"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "208037556",
"name": "REMONDI FAMILY FOUNDATION"
},
"scope": [
"Every figure here is the foundation's own filed return or exact arithmetic on it; nothing is estimated.",
"A 990-PF is a year-end snapshot. Prudence is judged at the time of each decision, which a filing cannot show.",
"This page neither establishes nor rules out any tax consequence, and no return is prepared or amended here.",
"A line that differs is the return's figure beside the recomputed one, as filed and as recomputed. The return may carry a reason this page cannot read: a schedule filed on paper, an election, a later amendment. It is not a finding."
],
"checks": [
{
"id": "minimum_investment_return",
"note": null,
"filed": "2078701",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "0.5",
"recomputed": "2078700.5"
},
{
"id": "excise_tax",
"note": null,
"filed": "24428",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "0.2651",
"recomputed": "24427.7349"
},
{
"id": "distributable_amount",
"note": null,
"filed": "2054273",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "2054273"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "1757391",
"grossInvestmentIncome": "1830395",
"netNoncharitableAssets": "41574010",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2024-12-31",
"days": 366,
"begin": "2024-01-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202533079349101153",
"returnTs": "2025-11-03T10:01:28-06:00",
"operating": false,
"sourceSha256": "62718b8f981efdbda049ed446dc8e37457c8fc37a824565abdba5b9e99b14a92",
"returnVersion": "2024v5.2",
"partXBoxChecked": false
},
"answers": [
{
"answer": "No",
"question": "Part VI-B 4a: did the foundation invest during the year in a manner that would jeopardize its charitable purposes?"
},
{
"answer": "No",
"question": "Part VI-B 4b: did it make any investment in a prior year that could jeopardize its charitable purpose and that had not been removed from jeopardy?"
},
{
"answer": "No",
"question": "Part VI-B 3a: did it hold more than a 2% direct or indirect interest in any business enterprise?"
},
{
"answer": "Not answered",
"question": "Part VI-B 3b: did it have excess business holdings?"
},
{
"answer": "No",
"question": "Part VI-B 2a: did it have undistributed income for prior years?"
}
],
"program": "let total_assets_fmv = 45105190 USD\nlet mix_cash = share(4234394 USD, total_assets_fmv)\nlet mix_stock = share(22540876 USD, total_assets_fmv)\nlet mix_other = share(18329920 USD, total_assets_fmv)\nlet net_noncharitable_assets = 41574010 USD\nlet mir_filed = 2078701 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 1757391 USD\nlet excise_filed = 24428 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 2054273 USD\nlet distributable_recomputed = 2078701 USD - 24428 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 121674 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 = [2357567 USD, 1481655 USD, 979564 USD, 625629 USD, 612029 USD, 569993 USD, 557937 USD, 503532 USD, 414259 USD, 400797 USD, 390473 USD, 318258 USD, 264880 USD, 260123 USD, 252510 USD, 236531 USD, 220288 USD, 219972 USD, 216563 USD, 195825 USD, 181573 USD, 176297 USD, 169173 USD, 166046 USD, 159982 USD, 152464 USD, 141593 USD, 138448 USD, 120831 USD, 117682 USD, 115411 USD, 112582 USD, 111507 USD, 106311 USD, 100287 USD, 92225 USD, 91491 USD, 84032 USD, 76456 USD, 72676 USD, 70937 USD, 70031 USD, 67629 USD, 66230 USD, 63202 USD, 63049 USD, 63023 USD, 62767 USD, 62009 USD, 61542 USD, 60494 USD, 59343 USD, 58762 USD, 58686 USD, 56825 USD, 56821 USD, 56464 USD, 55848 USD, 54388 USD, 54225 USD, 53685 USD, 53221 USD, 52688 USD, 52594 USD, 52048 USD, 51386 USD, 51117 USD, 50743 USD, 50484 USD, 49992 USD, 49485 USD, 48950 USD, 48921 USD, 47448 USD, 47369 USD, 46756 USD, 46662 USD, 46556 USD, 46042 USD, 45700 USD, 45538 USD, 43415 USD, 43119 USD, 43109 USD, 42614 USD, 42582 USD, 42216 USD, 42146 USD, 41697 USD, 40642 USD, 39805 USD, 39487 USD, 38885 USD, 38332 USD, 38147 USD, 37904 USD, 37803 USD, 37649 USD, 37543 USD, 37338 USD, 37267 USD, 37220 USD, 37189 USD, 36989 USD, 35912 USD, 35540 USD, 35083 USD, 33374 USD, 33317 USD, 32755 USD, 32521 USD, 32224 USD, 32101 USD, 31761 USD, 31568 USD, 31506 USD, 31089 USD, 30914 USD, 30502 USD, 30310 USD, 30065 USD, 29412 USD, 29264 USD, 29174 USD, 29111 USD, 29039 USD, 28979 USD, 28426 USD, 28407 USD, 28371 USD, 28257 USD, 28212 USD, 27891 USD, 27663 USD, 27473 USD, 27273 USD, 27030 USD, 27021 USD, 26879 USD, 26834 USD, 26749 USD, 26510 USD, 26137 USD, 26113 USD, 25983 USD, 25756 USD, 25544 USD, 25342 USD, 25103 USD, 24890 USD, 24867 USD, 24832 USD, 24782 USD, 24595 USD, 24547 USD, 24532 USD, 24425 USD, 23979 USD, 23490 USD, 23409 USD, 23407 USD, 23288 USD, 23232 USD, 23161 USD, 23007 USD, 22632 USD, 22371 USD, 22218 USD, 22171 USD, 22061 USD, 22039 USD, 21979 USD, 21960 USD, 21937 USD, 21846 USD, 21844 USD, 21722 USD, 21650 USD, 21532 USD, 21442 USD, 21435 USD, 21139 USD, 20832 USD, 20710 USD, 20569 USD, 20438 USD, 20379 USD, 20362 USD, 20320 USD, 20262 USD, 20126 USD, 20076 USD, 19769 USD, 19514 USD, 19336 USD, 19266 USD, 19187 USD, 19017 USD, 18943 USD, 18942 USD, 18783 USD, 18721 USD, 18325 USD, 18293 USD, 18244 USD, 18122 USD, 17969 USD, 17963 USD, 17959 USD, 17922 USD, 17727 USD, 17711 USD, 17459 USD, 17328 USD, 17161 USD, 17089 USD, 17016 USD, 17013 USD, 16969 USD, 16896 USD, 16721 USD, 16685 USD, 16538 USD, 16522 USD, 16514 USD, 16451 USD, 16257 USD, 15836 USD, 15831 USD, 15814 USD, 15736 USD, 15646 USD, 15533 USD, 15423 USD, 15416 USD, 15364 USD, 15312 USD, 15278 USD, 15270 USD, 15216 USD, 15097 USD, 15022 USD, 15019 USD, 14824 USD, 14756 USD, 14699 USD, 14456 USD, 14375 USD, 14355 USD, 14294 USD, 14248 USD, 14120 USD, 13919 USD, 13917 USD, 13916 USD, 13723 USD, 13562 USD, 13501 USD, 13461 USD, 13439 USD, 13410 USD, 13387 USD, 13376 USD, 13317 USD, 13301 USD, 13289 USD, 13287 USD, 13260 USD, 13235 USD, 13208 USD, 13157 USD, 13086 USD, 13080 USD, 12953 USD, 12877 USD, 12848 USD, 12760 USD, 12660 USD, 12639 USD, 12552 USD, 12510 USD, 12476 USD, 12469 USD, 12436 USD, 12407 USD, 12396 USD, 12375 USD, 12371 USD, 12350 USD, 12216 USD, 12174 USD, 12155 USD, 12074 USD, 11966 USD, 11947 USD, 11920 USD, 11910 USD, 11871 USD, 11868 USD, 11858 USD, 11845 USD, 11817 USD, 11798 USD, 11713 USD, 11635 USD, 11554 USD, 11546 USD, 11498 USD, 11425 USD, 11398 USD, 11393 USD, 11334 USD, 11304 USD, 11278 USD, 11271 USD, 11195 USD, 10982 USD, 10962 USD, 10933 USD, 10895 USD, 10562 USD, 10546 USD, 10527 USD, 10386 USD, 10299 USD, 10263 USD, 10199 USD, 10197 USD, 10196 USD, 10190 USD, 10172 USD, 10164 USD, 10148 USD, 10135 USD, 10093 USD, 10083 USD, 9956 USD, 9941 USD, 9914 USD, 9748 USD, 9653 USD, 9554 USD, 9527 USD, 9459 USD, 9412 USD, 9405 USD, 9402 USD, 9400 USD, 9376 USD, 9348 USD, 9293 USD, 9261 USD, 9257 USD, 9146 USD, 8981 USD, 8927 USD, 8882 USD, 8835 USD, 8787 USD, 8742 USD, 8608 USD, 8592 USD, 8583 USD, 8498 USD, 8491 USD, 8412 USD, 8284 USD, 8196 USD, 8191 USD, 8177 USD, 8155 USD, 8105 USD, 8066 USD, 7999 USD, 7956 USD, 7935 USD, 7835 USD, 7827 USD, 7638 USD, 7630 USD, 7621 USD, 7604 USD, 7586 USD, 7526 USD, 7489 USD, 7450 USD, 7444 USD, 7365 USD, 7342 USD, 7326 USD, 7298 USD, 7285 USD, 7280 USD, 7229 USD, 7158 USD, 7120 USD, 7070 USD, 7047 USD, 6991 USD, 6960 USD, 6938 USD, 6921 USD, 6860 USD, 6841 USD, 6829 USD, 6794 USD, 6791 USD, 6716 USD, 6707 USD, 6677 USD, 6673 USD, 6666 USD, 6656 USD, 6652 USD, 6645 USD, 6607 USD, 6600 USD, 6592 USD, 6590 USD, 6585 USD, 6549 USD, 6537 USD, 6534 USD, 6454 USD, 6429 USD, 6419 USD, 6387 USD, 6347 USD, 6339 USD, 6288 USD, 6271 USD, 6238 USD, 6207 USD, 6181 USD, 6089 USD, 6001 USD, 6000 USD, 5998 USD, 5948 USD, 5857 USD, 5834 USD, 5832 USD, 5818 USD, 5773 USD, 5733 USD, 5723 USD, 5715 USD, 5692 USD, 5650 USD, 5650 USD, 5635 USD, 5596 USD, 5574 USD, 5573 USD, 5570 USD, 5543 USD, 5475 USD, 5461 USD, 5407 USD, 5339 USD, 5273 USD, 5247 USD, 5195 USD, 5099 USD, 5048 USD, 5020 USD, 5002 USD, 4981 USD, 4964 USD, 4961 USD, 4951 USD, 4939 USD, 4931 USD, 4931 USD, 4922 USD, 4908 USD, 4877 USD, 4860 USD, 4803 USD, 4748 USD, 4715 USD, 4646 USD, 4606 USD, 4605 USD, 4596 USD, 4594 USD, 4590 USD, 4573 USD, 4558 USD, 4549 USD, 4516 USD, 4513 USD, 4498 USD, 4494 USD, 4488 USD, 4414 USD, 4385 USD, 4374 USD, 4371 USD, 4349 USD, 4313 USD, 4310 USD, 4252 USD, 4245 USD, 4225 USD, 4188 USD, 4181 USD, 4177 USD, 4161 USD, 4122 USD, 4058 USD, 4054 USD, 4030 USD, 4020 USD, 4006 USD, 3910 USD, 3896 USD, 3884 USD, 3868 USD, 3864 USD, 3858 USD, 3857 USD, 3856 USD, 3851 USD, 3806 USD, 3788 USD, 3784 USD, 3770 USD, 3763 USD, 3760 USD, 3628 USD, 3558 USD, 3520 USD, 3515 USD, 3505 USD, 3502 USD, 3450 USD, 3438 USD, 3406 USD, 3401 USD, 3373 USD, 3369 USD, 3350 USD, 3342 USD, 3327 USD, 3303 USD, 3291 USD, 3286 USD, 3219 USD, 3192 USD, 3187 USD, 3176 USD, 3158 USD, 3128 USD, 3099 USD, 3050 USD, 3045 USD, 3015 USD, 2940 USD, 2891 USD, 2878 USD, 2876 USD, 2836 USD, 2835 USD, 2834 USD, 2797 USD, 2792 USD, 2785 USD, 2780 USD, 2757 USD, 2728 USD, 2716 USD, 2710 USD, 2707 USD, 2693 USD, 2676 USD, 2674 USD, 2602 USD, 2597 USD, 2594 USD, 2587 USD, 2586 USD, 2572 USD, 2566 USD, 2552 USD, 2539 USD, 2489 USD, 2488 USD, 2479 USD, 2471 USD, 2462 USD, 2430 USD, 2386 USD, 2328 USD, 2303 USD, 2284 USD, 2277 USD, 2251 USD, 2228 USD, 2205 USD, 2195 USD, 2084 USD, 2079 USD, 2058 USD, 2054 USD, 2018 USD, 2010 USD, 1992 USD, 1970 USD, 1962 USD, 1951 USD, 1931 USD, 1905 USD, 1899 USD, 1808 USD, 1800 USD, 1773 USD, 1760 USD, 1742 USD, 1630 USD, 1600 USD, 1579 USD, 1577 USD, 1573 USD, 1532 USD, 1522 USD, 1511 USD, 1483 USD, 1469 USD, 1464 USD, 1439 USD, 1426 USD, 1414 USD, 1370 USD, 1357 USD, 1346 USD, 1334 USD, 1322 USD, 1306 USD, 1305 USD, 1286 USD, 1270 USD, 1156 USD, 1100 USD, 1092 USD, 1078 USD, 1054 USD, 1044 USD, 986 USD, 955 USD, 951 USD, 916 USD, 906 USD, 900 USD, 897 USD, 880 USD, 857 USD, 834 USD, 828 USD, 805 USD, 803 USD, 742 USD, 731 USD, 724 USD, 680 USD, 637 USD, 579 USD, 558 USD, 522 USD, 521 USD, 511 USD, 507 USD, 498 USD, 493 USD, 486 USD, 453 USD, 450 USD, 332 USD, 281 USD, 200 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([2357567 USD, 1481655 USD, 979564 USD, 625629 USD, 612029 USD, 569993 USD, 557937 USD, 503532 USD, 414259 USD, 400797 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": "0.093878198938969107546160430762",
"mir_filed": "2078701 USD",
"mix_other": "0.406381615951512453444936159231",
"mix_stock": "0.499740185109518439008903410007",
"payout_rate": "0.00292668424335299866430974543952",
"stock_count": "680",
"excise_filed": "24428 USD",
"largest_stock": "2357567 USD",
"mir_difference": "0.5 USD",
"mir_recomputed": "2078700.5 USD",
"payout_coverage": "0.0592297128959977568706788240901",
"total_assets_fmv": "45105190 USD",
"excise_difference": "0.2651 USD",
"excise_recomputed": "24427.7349 USD",
"distributable_filed": "2054273 USD",
"stock_concentration": "0.023593059981854448982398223986",
"top10_share_of_stock": "0.37722411498115689913737159106",
"net_investment_income": "1757391 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "2054273 USD",
"effective_stock_holdings": "42.3853455536969536865200474366",
"net_noncharitable_assets": "41574010 USD",
"qualifying_distributions": "121674 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0522681979612545695960930438382",
"largest_stock_halved_share_of_assets": "0.0261340989806272847980465219191"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "2357567",
"name": "VANGUARD INDEX FDS VANGUARD GR",
"shareOfAssets": "0.0522681979612545695960930438382"
},
{
"fmv": "1481655",
"name": "FIDELITY STOCK SELECTOR ALL CA",
"shareOfAssets": "0.0328488805833652402306696856836"
},
{
"fmv": "979564",
"name": "ISHARES S&P 500 INDEX FUND",
"shareOfAssets": "0.0217173234388326487484034542366"
},
{
"fmv": "625629",
"name": "VANGUARD DEVELOPED MARKETS IND",
"shareOfAssets": "0.0138704437338585648347784368052"
},
{
"fmv": "612029",
"name": "AKRE FOCUS FUND",
"shareOfAssets": "0.0135689263253297458673824453461"
},
{
"fmv": "569993",
"name": "ISHARES CORE S&P SMALL-CAP E",
"shareOfAssets": "0.0126369714882034639472752470392"
},
{
"fmv": "557937",
"name": "FIDELITY EMERGING MARKETS",
"shareOfAssets": "0.012369685173701740309707153434"
},
{
"fmv": "503532",
"name": "BBH CEDAR STREET EQUITY INTERM",
"shareOfAssets": "0.0111635046875980347272675273067"
},
{
"fmv": "414259",
"name": "NVIDIA CORPORATION COM",
"shareOfAssets": "0.00918428677498088357459529601804"
},
{
"fmv": "400797",
"name": "APPLE INC",
"shareOfAssets": "0.00888582888133272468201552858995"
}
],
"count": 680,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "ee790f8598b8116adb701323b49f1f6d8cd840dc7efcb57104d3389453f4a1d7",
"otherInvestments": [
{
"fmv": "3353814",
"name": "VALLEY FORGE LARGE CAP EQUITY",
"shareOfAssets": "0.0743553901446817982586926249507"
},
{
"fmv": "2920111",
"name": "ALTAROCK PARTNERS SERIES - BBH",
"shareOfAssets": "0.064740022157095447331005589379"
},
{
"fmv": "2575496",
"name": "ALIBABA GROUP HOLDING -SP ADR",
"shareOfAssets": "0.0570997705585543481803313543297"
},
{
"fmv": "2396176",
"name": "BBH CAPITAL PARTNERS VI-4 (CAY",
"shareOfAssets": "0.053124174845511126324930678709"
},
{
"fmv": "2001280",
"name": "SELECT EQUITY SERIES - - BBH W",
"shareOfAssets": "0.0443691734809231487551654255309"
}
]
}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.