Sealed proof · filed Form 990-PF
THE SUNDERLAND FOUNDATION
EIN 44-6011082, tax year January 1, 2025 to December 31, 2025. The return the foundation filed, as the IRS published it, with its arithmetic re-done exactly and sealed September 28, 2026.
Listed in the IRS register as SUNDERLAND FOUNDATION. The name above is as written on the return; the EIN is the same foundation.
This is the latest return the IRS has published for this foundation, for the tax year ended 2025-12-31. The IRS received it on August 25, 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 distributions2.30×
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 rate11.5%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$927M
end of the tax year, Part II
Largest listed stock24.7%
ISHARES S&P 500 INDEX FUND CLASS G
If that stock halved−12.3%
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
THE SUNDERLAND FOUNDATION · Form 990-PF, year ended December 31, 2025checking
Recomputing the seal in your browser…
The foundation’s own public return, sealed through the same free action as yours. Your edits stay in this page: nothing is sent and nothing is saved. A sealed copy shows nothing changed; it does not show the original was correct.
This page’s own short link: paretoalphasystems.com/p/ff5a3a47b72c — 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) | $44,972,239 | $44,972,238.65 | recomputes, within the form's whole-dollar rounding (difference $0.35) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $647,733 | $647,732.8971 | recomputes, within the form's whole-dollar rounding (difference $0.1029) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $44,774,506 | $44,774,506 | recomputes exactly |
Where the assets sit, at fair market value
| Part II line | Fair market value | Share of assets |
|---|---|---|
| Cash (line 1) | $3 | <0.1% |
| Savings and temporary cash investments (line 2) | $46.5M | 5.0% |
| Corporate stock (line 10b) | $360.4M | 38.9% |
| Corporate bonds (line 10c) | $270.8M | 29.2% |
| Other investments (line 13) | $245.5M | 26.5% |
The ten largest listed stocks, of 313 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 2.4 equal holdings; the ten largest are 88.7% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| ISHARES S&P 500 INDEX FUND CLASS G | $228.8M | 24.7% |
| MULTI-MANAGER INTERNATIONAL EQUITY FUND P | $42.9M | 4.6% |
| ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS G | $25.2M | 2.7% |
| STATE STREET EMERGING MARKETS EQUITY INDEX FUND K CLASS | $7.2M | 0.8% |
| BLACKROCK ADVANTAGE SMALL CAP CORE FUND INSTITUTIONAL | $6.4M | 0.7% |
| AGILENT TECHNOLOGIES, INC. | $2.1M | 0.2% |
| MICROSOFT CORPORATION | $2.1M | 0.2% |
| AMAZON.COM INC | $2M | 0.2% |
| NVIDIA CORPORATION | $1.7M | 0.2% |
| ALPHABET INC. CLASS A | $1.2M | 0.1% |
Largest other investments (line 13), as listed
| VINTAGE VIII OFFSHORE SCSP | $39.4M | 4.2% |
| GS TACTICAL TILT OVERLAY FUND CLASS P | $34.5M | 3.7% |
| PRIVATE EQUITY MANAGERS (2019) OFFSHORE SCSP | $29.6M | 3.2% |
| PRIVATE EQUITY MANAGERS (2018) OFFSHORE SCSP | $26.6M | 2.9% |
| GOLDMAN SACHS REAL ESTATE INCOME TRUST | $24M | 2.6% |
What the foundation answered on the form
- Part VI-B 4a: did the foundation invest during the year in a manner that would jeopardize its charitable purposes? No
- Part VI-B 4b: did it make any investment in a prior year that could jeopardize its charitable purpose and that had not been removed from jeopardy? No
- Part VI-B 3a: did it hold more than a 2% direct or indirect interest in any business enterprise? No
- Part VI-B 3b: did it have excess business holdings? Not answered (3a is “No”, so the form does not ask 3b. Our note; not part of the seal.)
- Part VI-B 2a: did it have undistributed income for prior years? No
Quoted as filed. These are the foundation’s own answers; this page does not test them.
Control statement · nine controls
Nine controls, read from the return.
Each control reads one part of the filed return and states a fact in a fixed vocabulary: agrees, differs, reported, not reported, not applicable, not checked. Whether any of it met a requirement is counsel’s question, not this page’s.
Recomputed each time the page is read; not part of the seal. The seal covers the body above (controls v2, kernel@2026-09-15.1).
This return: 4 agree, 4 reported, 1 not checked.
| Control | Reads | Result | Detail |
|---|---|---|---|
| Minimum investment return | Part IX line 6 against 5% of line 5, prorated for a short year | agrees | Filed $44,972,239; recomputed $44,972,238.65; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $647,733; recomputed $647,732.89; 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 $44,774,506; recomputed $44,774,506; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $103,057,943 against a distributable amount of $44,774,506 (2.30×). |
| 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 2025: nothing carried into the next year, so nothing from this year falls due by 31 December 2026. |
| Holdings tie-out | The corporate-stock schedule against Part II line 10b | agrees | 313 listed holdings sum to Part II line 10b exactly; the largest is 24.7% of total assets. |
| The foundation's own answers | Part VI-B 2a, 3a, 3b, 4a and 4b, each answered | reported | All 4 answered No (3b not asked: 3a is No). |
| Filing timeliness | The e-file timestamp beside the original due date and the extension window, each with its IRC §7503 roll to the next business day | reported | Return timestamped 25 August 2026; the original due date was 15 May 2026; the six-month extension window ended 15 November 2026 (a Sunday, so 16 November 2026 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 17, 2027 | Excise tax on the year ending 31 December 2026, due with that return by 15 May 2027 (a Saturday, so 17 May 2027 under IRC §7503) | $647,732 | Projected under the assumptions below |
| December 31, 2027 | Distributable amount for the year ending 31 December 2026, to be paid out | $44,324,505 | Projected under the assumptions below |
If net noncharitable-use assets fell 20% over the coming year: what is owed now, nothing from Part XII, is unchanged; the following year’s minimum investment return would be $35,977,790, $8,994,447 less than the projection.
The assumptions, the forward kernel proof, and what was refused
- Net noncharitable-use assets for the year ending 31 December 2026 equal this return's Part IX line 5, $899444773; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $46599489.
- 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)
a9853994ed3f3d2e…· 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
ff5a3a47b72c7509c40096ae7899379332279a4546aa6fd700ef6cc001566377 · recomputed now, matchesreturn Form 990-PF, IRS object
202602379349101400, schema 2025v4.2 — the file as the IRS published it hashes to 6ed4fcc045614f4b…source file
202602379349101400_public.xml inside 2026_TEOS_XML_08A.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py ff5a3a47b72c --fetcharithmetic
kernel@2026-09-15.1 · kernel proof e22f3efa555afd79…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 = 927027923 USD let mix_cash = share(3 USD, total_assets_fmv) let mix_savings = share(46490754 USD, total_assets_fmv) let mix_stock = share(360355635 USD, total_assets_fmv) let mix_bonds = share(270783787 USD, total_assets_fmv) let mix_other = share(245463451 USD, total_assets_fmv) let net_noncharitable_assets = 899444773 USD let mir_filed = 44972239 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 46599489 USD let excise_filed = 647733 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 44774506 USD let distributable_recomputed = 44972239 USD - 647733 USD + 450000 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 103057943 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 = [228755944 USD, 42892327 USD, 25245444 USD, 7229952 USD, 6384124 USD, 2107022 USD, 2050549 USD, 2048909 USD, 1655934 USD, 1162795 USD, 1146615 USD, 1092509 USD, 905162 USD, 888733 USD, 793827 USD, 749377 USD, 739187 USD, 735308 USD, 708587 USD, 692305 USD, 690479 USD, 680220 USD, 680005 USD, 592660 USD, 581570 USD, 542713 USD, 533772 USD, 532401 USD, 531374 USD, 531074 USD, 520454 USD, 511393 USD, 501123 USD, 476421 USD, 472878 USD, 463925 USD, 425008 USD, 423802 USD, 414904 USD, 400304 USD, 385780 USD, 383996 USD, 374406 USD, 360409 USD, 356839 USD, 344023 USD, 332079 USD, 306999 USD, 299926 USD, 296250 USD, 295025 USD, 294511 USD, 290549 USD, 279588 USD, 273285 USD, 269803 USD, 244684 USD, 237843 USD, 237209 USD, 225017 USD, 222370 USD, 221538 USD, 219600 USD, 217474 USD, 211430 USD, 204133 USD, 199645 USD, 191950 USD, 187922 USD, 187434 USD, 187362 USD, 172724 USD, 165605 USD, 152846 USD, 151783 USD, 145666 USD, 141850 USD, 138300 USD, 137441 USD, 130692 USD, 130169 USD, 122574 USD, 118523 USD, 117175 USD, 115274 USD, 114747 USD, 114490 USD, 113232 USD, 107672 USD, 107338 USD, 107098 USD, 105957 USD, 105090 USD, 104752 USD, 103225 USD, 102347 USD, 98767 USD, 98116 USD, 97611 USD, 97573 USD, 95853 USD, 94842 USD, 93857 USD, 92089 USD, 91600 USD, 91345 USD, 89718 USD, 88312 USD, 88052 USD, 86020 USD, 85629 USD, 83196 USD, 82645 USD, 82559 USD, 82023 USD, 81990 USD, 80272 USD, 80251 USD, 79624 USD, 79521 USD, 79438 USD, 78965 USD, 78285 USD, 78012 USD, 77959 USD, 76336 USD, 75566 USD, 75216 USD, 73949 USD, 72765 USD, 71974 USD, 71564 USD, 71352 USD, 70366 USD, 69730 USD, 69568 USD, 69549 USD, 68872 USD, 68412 USD, 67879 USD, 67649 USD, 66668 USD, 66209 USD, 66060 USD, 65495 USD, 65073 USD, 63199 USD, 63019 USD, 62928 USD, 62045 USD, 61473 USD, 61353 USD, 61174 USD, 60492 USD, 60072 USD, 59974 USD, 58465 USD, 58328 USD, 58294 USD, 57532 USD, 55849 USD, 55339 USD, 54736 USD, 54569 USD, 54354 USD, 54066 USD, 53333 USD, 52206 USD, 51996 USD, 51279 USD, 51143 USD, 51026 USD, 50804 USD, 50458 USD, 49369 USD, 49138 USD, 48862 USD, 48768 USD, 48764 USD, 48404 USD, 48272 USD, 48246 USD, 47962 USD, 47320 USD, 46978 USD, 46639 USD, 46500 USD, 46178 USD, 45962 USD, 45686 USD, 45565 USD, 45086 USD, 44496 USD, 44485 USD, 44447 USD, 44428 USD, 44218 USD, 43710 USD, 43547 USD, 43509 USD, 43492 USD, 43385 USD, 43375 USD, 43157 USD, 42919 USD, 42833 USD, 42477 USD, 42469 USD, 41966 USD, 41908 USD, 41849 USD, 41830 USD, 41682 USD, 41395 USD, 41307 USD, 41102 USD, 40941 USD, 40586 USD, 40581 USD, 40099 USD, 39707 USD, 39549 USD, 39444 USD, 39412 USD, 39131 USD, 39110 USD, 38775 USD, 38677 USD, 38514 USD, 38277 USD, 38179 USD, 38005 USD, 37743 USD, 37478 USD, 37364 USD, 37360 USD, 37313 USD, 37277 USD, 36891 USD, 36485 USD, 36352 USD, 36236 USD, 36114 USD, 36064 USD, 35977 USD, 35854 USD, 35718 USD, 35367 USD, 34473 USD, 34298 USD, 34083 USD, 34058 USD, 33779 USD, 33471 USD, 33417 USD, 32986 USD, 32765 USD, 32747 USD, 32713 USD, 32106 USD, 31879 USD, 31566 USD, 31478 USD, 31450 USD, 31433 USD, 31129 USD, 30950 USD, 30464 USD, 30418 USD, 30094 USD, 30038 USD, 29678 USD, 29640 USD, 29576 USD, 29339 USD, 28876 USD, 28864 USD, 28438 USD, 28397 USD, 28206 USD, 28147 USD, 27804 USD, 27478 USD, 27066 USD, 26949 USD, 26559 USD, 26559 USD, 26477 USD, 26283 USD, 25420 USD, 25298 USD, 25112 USD, 25102 USD, 24986 USD, 24001 USD, 23731 USD, 23573 USD, 23457 USD, 23217 USD, 21059 USD, 20233 USD, 19973 USD, 19950 USD, 19835 USD, 19715 USD, 18189 USD, 18157 USD, 17797 USD, 15012 USD, 14873 USD, 12453 USD, 11552 USD, 7923 USD] let stock_count = count(stocks) let largest_stock = max(stocks) let largest_stock_share_of_assets = share(largest_stock, total_assets_fmv) let top10_share_of_stock = share(sum([228755944 USD, 42892327 USD, 25245444 USD, 7229952 USD, 6384124 USD, 2107022 USD, 2050549 USD, 2048909 USD, 1655934 USD, 1162795 USD]), sum(stocks)) let stock_concentration = hhi(stocks) let effective_stock_holdings = 1 / stock_concentration let largest_stock_halved_share_of_assets = share(largest_stock * 50%, total_assets_fmv)
{
"mix": [
{
"fmv": "3",
"line": "cash",
"label": "Cash (line 1)",
"share": "0.00000000323614847575632303796311861471"
},
{
"fmv": "46490754",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.0501503275646207261008253361965"
},
{
"fmv": "360355635",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.388721446311817297870109571662"
},
{
"fmv": "270783787",
"line": "bonds",
"label": "Corporate bonds (line 10c)",
"share": "0.292098846519858280471666008274"
},
{
"fmv": "245463451",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.264785390935845629323077035297"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "446011082",
"name": "THE SUNDERLAND 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": "44972239",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "0.35",
"recomputed": "44972238.65"
},
{
"id": "excise_tax",
"note": null,
"filed": "647733",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "0.1029",
"recomputed": "647732.8971"
},
{
"id": "distributable_amount",
"note": null,
"filed": "44774506",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "44774506"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "46599489",
"grossInvestmentIncome": "48383116",
"netNoncharitableAssets": "899444773",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2025-12-31",
"days": 365,
"begin": "2025-01-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202602379349101400",
"returnTs": "2026-08-25T14:41:52-05:00",
"operating": false,
"sourceSha256": "6ed4fcc045614f4b077d3799c901b3176d2b2f5309f6e156e282aa9521cc4923",
"returnVersion": "2025v4.2",
"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 = 927027923 USD\nlet mix_cash = share(3 USD, total_assets_fmv)\nlet mix_savings = share(46490754 USD, total_assets_fmv)\nlet mix_stock = share(360355635 USD, total_assets_fmv)\nlet mix_bonds = share(270783787 USD, total_assets_fmv)\nlet mix_other = share(245463451 USD, total_assets_fmv)\nlet net_noncharitable_assets = 899444773 USD\nlet mir_filed = 44972239 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 46599489 USD\nlet excise_filed = 647733 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 44774506 USD\nlet distributable_recomputed = 44972239 USD - 647733 USD + 450000 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 103057943 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 = [228755944 USD, 42892327 USD, 25245444 USD, 7229952 USD, 6384124 USD, 2107022 USD, 2050549 USD, 2048909 USD, 1655934 USD, 1162795 USD, 1146615 USD, 1092509 USD, 905162 USD, 888733 USD, 793827 USD, 749377 USD, 739187 USD, 735308 USD, 708587 USD, 692305 USD, 690479 USD, 680220 USD, 680005 USD, 592660 USD, 581570 USD, 542713 USD, 533772 USD, 532401 USD, 531374 USD, 531074 USD, 520454 USD, 511393 USD, 501123 USD, 476421 USD, 472878 USD, 463925 USD, 425008 USD, 423802 USD, 414904 USD, 400304 USD, 385780 USD, 383996 USD, 374406 USD, 360409 USD, 356839 USD, 344023 USD, 332079 USD, 306999 USD, 299926 USD, 296250 USD, 295025 USD, 294511 USD, 290549 USD, 279588 USD, 273285 USD, 269803 USD, 244684 USD, 237843 USD, 237209 USD, 225017 USD, 222370 USD, 221538 USD, 219600 USD, 217474 USD, 211430 USD, 204133 USD, 199645 USD, 191950 USD, 187922 USD, 187434 USD, 187362 USD, 172724 USD, 165605 USD, 152846 USD, 151783 USD, 145666 USD, 141850 USD, 138300 USD, 137441 USD, 130692 USD, 130169 USD, 122574 USD, 118523 USD, 117175 USD, 115274 USD, 114747 USD, 114490 USD, 113232 USD, 107672 USD, 107338 USD, 107098 USD, 105957 USD, 105090 USD, 104752 USD, 103225 USD, 102347 USD, 98767 USD, 98116 USD, 97611 USD, 97573 USD, 95853 USD, 94842 USD, 93857 USD, 92089 USD, 91600 USD, 91345 USD, 89718 USD, 88312 USD, 88052 USD, 86020 USD, 85629 USD, 83196 USD, 82645 USD, 82559 USD, 82023 USD, 81990 USD, 80272 USD, 80251 USD, 79624 USD, 79521 USD, 79438 USD, 78965 USD, 78285 USD, 78012 USD, 77959 USD, 76336 USD, 75566 USD, 75216 USD, 73949 USD, 72765 USD, 71974 USD, 71564 USD, 71352 USD, 70366 USD, 69730 USD, 69568 USD, 69549 USD, 68872 USD, 68412 USD, 67879 USD, 67649 USD, 66668 USD, 66209 USD, 66060 USD, 65495 USD, 65073 USD, 63199 USD, 63019 USD, 62928 USD, 62045 USD, 61473 USD, 61353 USD, 61174 USD, 60492 USD, 60072 USD, 59974 USD, 58465 USD, 58328 USD, 58294 USD, 57532 USD, 55849 USD, 55339 USD, 54736 USD, 54569 USD, 54354 USD, 54066 USD, 53333 USD, 52206 USD, 51996 USD, 51279 USD, 51143 USD, 51026 USD, 50804 USD, 50458 USD, 49369 USD, 49138 USD, 48862 USD, 48768 USD, 48764 USD, 48404 USD, 48272 USD, 48246 USD, 47962 USD, 47320 USD, 46978 USD, 46639 USD, 46500 USD, 46178 USD, 45962 USD, 45686 USD, 45565 USD, 45086 USD, 44496 USD, 44485 USD, 44447 USD, 44428 USD, 44218 USD, 43710 USD, 43547 USD, 43509 USD, 43492 USD, 43385 USD, 43375 USD, 43157 USD, 42919 USD, 42833 USD, 42477 USD, 42469 USD, 41966 USD, 41908 USD, 41849 USD, 41830 USD, 41682 USD, 41395 USD, 41307 USD, 41102 USD, 40941 USD, 40586 USD, 40581 USD, 40099 USD, 39707 USD, 39549 USD, 39444 USD, 39412 USD, 39131 USD, 39110 USD, 38775 USD, 38677 USD, 38514 USD, 38277 USD, 38179 USD, 38005 USD, 37743 USD, 37478 USD, 37364 USD, 37360 USD, 37313 USD, 37277 USD, 36891 USD, 36485 USD, 36352 USD, 36236 USD, 36114 USD, 36064 USD, 35977 USD, 35854 USD, 35718 USD, 35367 USD, 34473 USD, 34298 USD, 34083 USD, 34058 USD, 33779 USD, 33471 USD, 33417 USD, 32986 USD, 32765 USD, 32747 USD, 32713 USD, 32106 USD, 31879 USD, 31566 USD, 31478 USD, 31450 USD, 31433 USD, 31129 USD, 30950 USD, 30464 USD, 30418 USD, 30094 USD, 30038 USD, 29678 USD, 29640 USD, 29576 USD, 29339 USD, 28876 USD, 28864 USD, 28438 USD, 28397 USD, 28206 USD, 28147 USD, 27804 USD, 27478 USD, 27066 USD, 26949 USD, 26559 USD, 26559 USD, 26477 USD, 26283 USD, 25420 USD, 25298 USD, 25112 USD, 25102 USD, 24986 USD, 24001 USD, 23731 USD, 23573 USD, 23457 USD, 23217 USD, 21059 USD, 20233 USD, 19973 USD, 19950 USD, 19835 USD, 19715 USD, 18189 USD, 18157 USD, 17797 USD, 15012 USD, 14873 USD, 12453 USD, 11552 USD, 7923 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([228755944 USD, 42892327 USD, 25245444 USD, 7229952 USD, 6384124 USD, 2107022 USD, 2050549 USD, 2048909 USD, 1655934 USD, 1162795 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": "0.00000000323614847575632303796311861471",
"mir_filed": "44972239 USD",
"mix_bonds": "0.292098846519858280471666008274",
"mix_other": "0.264785390935845629323077035297",
"mix_stock": "0.388721446311817297870109571662",
"mix_savings": "0.0501503275646207261008253361965",
"payout_rate": "0.11457951182067739916700811157",
"stock_count": "313",
"excise_filed": "647733 USD",
"largest_stock": "228755944 USD",
"mir_difference": "0.35 USD",
"mir_recomputed": "44972238.65 USD",
"payout_coverage": "2.30171033042776619355666369608",
"total_assets_fmv": "927027923 USD",
"excise_difference": "0.1029 USD",
"excise_recomputed": "647732.8971 USD",
"distributable_filed": "44774506 USD",
"stock_concentration": "0.423027432051272859389824845557",
"top10_share_of_stock": "0.886715702392166005673811649983",
"net_investment_income": "46599489 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "44774506 USD",
"effective_stock_holdings": "2.36391289130109043782892284317",
"net_noncharitable_assets": "899444773 USD",
"qualifying_distributions": "103057943 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.246762733165266263506067011964",
"largest_stock_halved_share_of_assets": "0.123381366582633131753033505982"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "228755944",
"name": "ISHARES S&P 500 INDEX FUND CLASS G",
"shareOfAssets": "0.246762733165266263506067011964"
},
{
"fmv": "42892327",
"name": "MULTI-MANAGER INTERNATIONAL EQUITY FUND P",
"shareOfAssets": "0.0462686462142305933539824991874"
},
{
"fmv": "25245444",
"name": "ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS G",
"shareOfAssets": "0.0272326683734638703002692616844"
},
{
"fmv": "7229952",
"name": "STATE STREET EMERGING MARKETS EQUITY INDEX FUND K CLASS",
"shareOfAssets": "0.00779906604819712642032250845156"
},
{
"fmv": "6384124",
"name": "BLACKROCK ADVANTAGE SMALL CAP CORE FUND INSTITUTIONAL",
"shareOfAssets": "0.00688665771721312001947108555435"
},
{
"fmv": "2107022",
"name": "AGILENT TECHNOLOGIES, INC.",
"shareOfAssets": "0.0022728786778950130933650420366"
},
{
"fmv": "2050549",
"name": "MICROSOFT CORPORATION",
"shareOfAssets": "0.00221196034027121748305741163743"
},
{
"fmv": "2048909",
"name": "AMAZON.COM INC",
"shareOfAssets": "0.00221019124577113735979665846592"
},
{
"fmv": "1655934",
"name": "NVIDIA CORPORATION",
"shareOfAssets": "0.00178628276335102367784880628671"
},
{
"fmv": "1162795",
"name": "ALPHABET INC. CLASS A",
"shareOfAssets": "0.0012543257556223578823094415032"
}
],
"count": 313,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "e22f3efa555afd79e52c65dc1ab9acfa318deb709d73267c4fde69b195dca7e7",
"otherInvestments": [
{
"fmv": "39393145",
"name": "VINTAGE VIII OFFSHORE SCSP",
"shareOfAssets": "0.0424940220489992727004405454139"
},
{
"fmv": "34479639",
"name": "GS TACTICAL TILT OVERLAY FUND CLASS P",
"shareOfAssets": "0.0371937437314927567721172083832"
},
{
"fmv": "29553049",
"name": "PRIVATE EQUITY MANAGERS (2019) OFFSHORE SCSP",
"shareOfAssets": "0.0318793514917673089335843015378"
},
{
"fmv": "26628555",
"name": "PRIVATE EQUITY MANAGERS (2018) OFFSHORE SCSP",
"shareOfAssets": "0.0287246525582811382047226640011"
},
{
"fmv": "24005456",
"name": "GOLDMAN SACHS REAL ESTATE INCOME TRUST",
"shareOfAssets": "0.0258950732814118264698699911761"
}
]
}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.