Sealed proof · filed Form 990-PF
Caerus Foundation Inc
EIN 71-0935903, 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 12, 2025.
The answer
Nothing carried into the next year: the return shows the year’s amount paid within the year.
Every line we re-do agrees with the return as filed.
Keep this record for the foundation, year on year: the Filing Record, the foundation’s own order, cancellable in writing for a full refund until thirty days after the filing deadline.
Qualifying distributions1.52×
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 rate7.4%
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
Assets at fair market value$251.6M
end of the tax year, Part II
Largest listed stock3.0%
APPLE INC
If that stock halved−1.5%
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
Caerus Foundation Inc · 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/ff5bac1612b5 — 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) | $10,826,011 | $10,826,010.85 | recomputes, within the form's whole-dollar rounding (difference $0.15) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $278,254 | $278,254.231 | recomputes, within the form's whole-dollar rounding (difference −$0.231) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $10,547,757 | $10,547,757 | recomputes exactly |
Blank on the return and read as zero by the form’s own arithmetic: Part X line 4 (recoveries); Part X line 6 (deduction).
Where the assets sit, at fair market value
| Part II line | Fair market value | Share of assets |
|---|---|---|
| Cash (line 1) | $198,248 | 0.1% |
| Savings and temporary cash investments (line 2) | $1.1M | 0.5% |
| Corporate stock (line 10b) | $135.8M | 54.0% |
| Other investments (line 13) | $114.5M | 45.5% |
The ten largest listed stocks, of 391 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 79.8 equal holdings; the ten largest are 27.4% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| APPLE INC | $7.6M | 3.0% |
| NVIDIA CORP | $6.6M | 2.6% |
| MICROSOFT CORP | $5.5M | 2.2% |
| ALPHABET INC | $4M | 1.6% |
| AMAZON.COM INC | $4M | 1.6% |
| META PLATFORMS INC | $2.7M | 1.1% |
| TESLA INC | $2.4M | 0.9% |
| BROADCOM INC | $1.9M | 0.8% |
| TOTALENERGIES SE | $1.3M | 0.5% |
| VISA INC | $1.3M | 0.5% |
Largest other investments (line 13), as listed
| BAIRD CORE PLUS BOND INSTITUTIONAL | $31.6M | 12.6% |
| VANGUARD HIGH DIVIDEND | $29M | 11.5% |
| BAIRD ULTRA SHORT BOND INSTITUTIONAL | $9M | 3.6% |
| Z CAPITAL PARTNERS III, LP | $8.4M | 3.3% |
| TENOR FUND | $6.1M | 2.4% |
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? 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 $10,826,011; recomputed $10,826,010.85; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $278,254; recomputed $278,254.23; 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 $10,547,757; recomputed $10,547,757; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $16,053,035 against a distributable amount of $10,547,757 (1.52×). |
| 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 | 391 listed holdings sum to Part II line 10b exactly; the largest is 3.0% 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 12 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. | $278,254 | Projected under the assumptions below |
| December 31, 2026 | Distributable amount for the year ending 31 December 2025, to be paid out | $10,547,756 | 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 $8,660,808, $2,165,202 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, $216520217; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $20018290.
- 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)
01a0943760fcfc81…· 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
ff5bac1612b57b81ae2d3752c7f1a7988104a8b784b6599e48bb53f0105637f1 · recomputed now, matchesreturn Form 990-PF, IRS object
202533169349102318, schema 2024v5.1 — the file as the IRS published it hashes to 29e72bafe609d6c2…source file
202533169349102318_public.xml inside 2025_TEOS_XML_11B.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py ff5bac1612b5 --fetcharithmetic
kernel@2026-09-15.1 · kernel proof ce57bb8b1b8631db…rules
b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b · commit bb0c3ac309b9 — 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 = 251603928 USD let mix_cash = share(198248 USD, total_assets_fmv) let mix_savings = share(1135206 USD, total_assets_fmv) let mix_stock = share(135762895 USD, total_assets_fmv) let mix_other = share(114500079 USD, total_assets_fmv) let net_noncharitable_assets = 216520217 USD let mir_filed = 10826011 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 20018290 USD let excise_filed = 278254 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 10547757 USD let distributable_recomputed = 10826011 USD - 278254 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 16053035 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 = [7599496 USD, 6633255 USD, 5504369 USD, 4036444 USD, 3961306 USD, 2683978 USD, 2361252 USD, 1926359 USD, 1286309 USD, 1253731 USD, 1243751 USD, 1208180 USD, 1127386 USD, 1121620 USD, 1113244 USD, 1063792 USD, 1044439 USD, 1038484 USD, 1026368 USD, 977678 USD, 977247 USD, 963673 USD, 895269 USD, 825286 USD, 814330 USD, 812800 USD, 809319 USD, 807309 USD, 801788 USD, 782532 USD, 757829 USD, 756285 USD, 738148 USD, 723428 USD, 713798 USD, 708351 USD, 704818 USD, 702993 USD, 693443 USD, 690690 USD, 682188 USD, 679811 USD, 654221 USD, 651851 USD, 634234 USD, 625398 USD, 616662 USD, 602227 USD, 595289 USD, 588367 USD, 586218 USD, 564101 USD, 544495 USD, 538174 USD, 535102 USD, 531329 USD, 520380 USD, 511935 USD, 511919 USD, 505160 USD, 500187 USD, 494651 USD, 488799 USD, 487747 USD, 484527 USD, 484036 USD, 479778 USD, 479510 USD, 478682 USD, 473757 USD, 466796 USD, 466172 USD, 462576 USD, 462301 USD, 452126 USD, 449116 USD, 446284 USD, 444901 USD, 432298 USD, 431372 USD, 429288 USD, 421390 USD, 419149 USD, 417313 USD, 412830 USD, 408745 USD, 408620 USD, 407551 USD, 407222 USD, 406519 USD, 402953 USD, 400234 USD, 386043 USD, 382890 USD, 374395 USD, 370994 USD, 362169 USD, 362043 USD, 360303 USD, 359921 USD, 357477 USD, 356988 USD, 356167 USD, 355464 USD, 353177 USD, 351618 USD, 349168 USD, 345780 USD, 345075 USD, 339930 USD, 338630 USD, 333860 USD, 333467 USD, 323868 USD, 323705 USD, 312315 USD, 307876 USD, 303634 USD, 297276 USD, 295565 USD, 295119 USD, 293537 USD, 292153 USD, 290970 USD, 290411 USD, 290147 USD, 284812 USD, 282795 USD, 282534 USD, 280119 USD, 277860 USD, 275868 USD, 271131 USD, 269737 USD, 269541 USD, 264271 USD, 260990 USD, 260832 USD, 257077 USD, 255854 USD, 253668 USD, 252122 USD, 251570 USD, 251268 USD, 250750 USD, 250126 USD, 246813 USD, 244800 USD, 242024 USD, 240882 USD, 239325 USD, 237967 USD, 237412 USD, 237240 USD, 235689 USD, 235383 USD, 230973 USD, 230549 USD, 226847 USD, 224422 USD, 224240 USD, 222537 USD, 221182 USD, 220475 USD, 215061 USD, 214168 USD, 214116 USD, 213109 USD, 213028 USD, 212811 USD, 210038 USD, 208500 USD, 206350 USD, 202665 USD, 201455 USD, 201002 USD, 196482 USD, 194292 USD, 194195 USD, 190631 USD, 190003 USD, 187959 USD, 186671 USD, 185698 USD, 185098 USD, 181505 USD, 181371 USD, 181363 USD, 180621 USD, 179087 USD, 177676 USD, 177605 USD, 176489 USD, 176018 USD, 175215 USD, 175036 USD, 173710 USD, 173554 USD, 167266 USD, 166707 USD, 165945 USD, 162975 USD, 162271 USD, 162174 USD, 159408 USD, 159149 USD, 157290 USD, 156345 USD, 155532 USD, 154560 USD, 153765 USD, 153500 USD, 152929 USD, 152500 USD, 152450 USD, 151996 USD, 149081 USD, 148999 USD, 148506 USD, 148105 USD, 147925 USD, 146236 USD, 144392 USD, 142252 USD, 141882 USD, 141881 USD, 141100 USD, 139849 USD, 138577 USD, 137925 USD, 137464 USD, 137257 USD, 136415 USD, 135627 USD, 135069 USD, 135008 USD, 134926 USD, 134835 USD, 134570 USD, 134320 USD, 134259 USD, 131424 USD, 131073 USD, 129369 USD, 128450 USD, 127661 USD, 126940 USD, 126496 USD, 126460 USD, 123200 USD, 122762 USD, 122360 USD, 121518 USD, 120165 USD, 119790 USD, 119123 USD, 117364 USD, 117207 USD, 115518 USD, 114376 USD, 113495 USD, 113135 USD, 113007 USD, 112378 USD, 111858 USD, 111816 USD, 111548 USD, 110996 USD, 110839 USD, 110776 USD, 110770 USD, 110161 USD, 108972 USD, 108290 USD, 107766 USD, 107393 USD, 107256 USD, 107042 USD, 106925 USD, 106802 USD, 106673 USD, 106275 USD, 105011 USD, 102871 USD, 102554 USD, 101918 USD, 100500 USD, 99941 USD, 99043 USD, 97968 USD, 96403 USD, 95934 USD, 93458 USD, 93350 USD, 92861 USD, 91862 USD, 91510 USD, 91100 USD, 90280 USD, 89375 USD, 89361 USD, 88755 USD, 87255 USD, 86430 USD, 86220 USD, 85478 USD, 85444 USD, 84729 USD, 82045 USD, 81847 USD, 81744 USD, 81638 USD, 80656 USD, 79054 USD, 79020 USD, 77635 USD, 76752 USD, 74826 USD, 73708 USD, 71981 USD, 71796 USD, 70792 USD, 70678 USD, 70034 USD, 69937 USD, 69855 USD, 69653 USD, 69421 USD, 68755 USD, 68343 USD, 67914 USD, 67879 USD, 67501 USD, 67498 USD, 67361 USD, 67249 USD, 67244 USD, 67197 USD, 66703 USD, 66240 USD, 65767 USD, 65431 USD, 65270 USD, 64797 USD, 64628 USD, 64375 USD, 64218 USD, 64020 USD, 63986 USD, 63875 USD, 63722 USD, 63514 USD, 63375 USD, 63364 USD, 62700 USD, 62436 USD, 61554 USD, 60935 USD, 60849 USD, 60503 USD, 59963 USD, 58802 USD, 58528 USD, 58463 USD, 57087 USD, 56985 USD, 55897 USD, 54414 USD, 54320 USD, 53831 USD, 53490 USD, 52930 USD, 52000 USD, 50904 USD, 47284 USD, 45900 USD, 45600 USD, 45540 USD, 44601 USD, 40895 USD, 39955 USD, 38873 USD, 37573 USD, 30705 USD, 29756 USD, 29368 USD, 27426 USD, 23882 USD, 22258 USD, 8533 USD, 2925 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([7599496 USD, 6633255 USD, 5504369 USD, 4036444 USD, 3961306 USD, 2683978 USD, 2361252 USD, 1926359 USD, 1286309 USD, 1253731 USD]), sum(stocks)) let stock_concentration = hhi(sto … (6147 characters; the full program is in the body below)
{
"mix": [
{
"fmv": "198248",
"line": "cash",
"label": "Cash (line 1)",
"share": "0.00078793682426134460031164537304"
},
{
"fmv": "1135206",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.00451187709597284188663382075657"
},
{
"fmv": "135762895",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.539589727708861524610219916757"
},
{
"fmv": "114500079",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.455080649615295354212435030029"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "bb0c3ac309b908a3322a65d096f5a7ca733df4c2",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "710935903",
"name": "Caerus Foundation Inc"
},
"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": "10826011",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "0.15",
"recomputed": "10826010.85"
},
{
"id": "excise_tax",
"note": null,
"filed": "278254",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "-0.231",
"recomputed": "278254.231"
},
{
"id": "distributable_amount",
"note": null,
"filed": "10547757",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "10547757"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "20018290",
"grossInvestmentIncome": "21081191",
"netNoncharitableAssets": "216520217",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2024-12-31",
"days": 366,
"begin": "2024-01-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202533169349102318",
"returnTs": "2025-11-12T12:00:32+00:00",
"operating": false,
"sourceSha256": "29e72bafe609d6c2bcfa01b38e4d138740585edfcba9fd43846b90d693054713",
"returnVersion": "2024v5.1",
"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 = 251603928 USD\nlet mix_cash = share(198248 USD, total_assets_fmv)\nlet mix_savings = share(1135206 USD, total_assets_fmv)\nlet mix_stock = share(135762895 USD, total_assets_fmv)\nlet mix_other = share(114500079 USD, total_assets_fmv)\nlet net_noncharitable_assets = 216520217 USD\nlet mir_filed = 10826011 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 20018290 USD\nlet excise_filed = 278254 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 10547757 USD\nlet distributable_recomputed = 10826011 USD - 278254 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 16053035 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 = [7599496 USD, 6633255 USD, 5504369 USD, 4036444 USD, 3961306 USD, 2683978 USD, 2361252 USD, 1926359 USD, 1286309 USD, 1253731 USD, 1243751 USD, 1208180 USD, 1127386 USD, 1121620 USD, 1113244 USD, 1063792 USD, 1044439 USD, 1038484 USD, 1026368 USD, 977678 USD, 977247 USD, 963673 USD, 895269 USD, 825286 USD, 814330 USD, 812800 USD, 809319 USD, 807309 USD, 801788 USD, 782532 USD, 757829 USD, 756285 USD, 738148 USD, 723428 USD, 713798 USD, 708351 USD, 704818 USD, 702993 USD, 693443 USD, 690690 USD, 682188 USD, 679811 USD, 654221 USD, 651851 USD, 634234 USD, 625398 USD, 616662 USD, 602227 USD, 595289 USD, 588367 USD, 586218 USD, 564101 USD, 544495 USD, 538174 USD, 535102 USD, 531329 USD, 520380 USD, 511935 USD, 511919 USD, 505160 USD, 500187 USD, 494651 USD, 488799 USD, 487747 USD, 484527 USD, 484036 USD, 479778 USD, 479510 USD, 478682 USD, 473757 USD, 466796 USD, 466172 USD, 462576 USD, 462301 USD, 452126 USD, 449116 USD, 446284 USD, 444901 USD, 432298 USD, 431372 USD, 429288 USD, 421390 USD, 419149 USD, 417313 USD, 412830 USD, 408745 USD, 408620 USD, 407551 USD, 407222 USD, 406519 USD, 402953 USD, 400234 USD, 386043 USD, 382890 USD, 374395 USD, 370994 USD, 362169 USD, 362043 USD, 360303 USD, 359921 USD, 357477 USD, 356988 USD, 356167 USD, 355464 USD, 353177 USD, 351618 USD, 349168 USD, 345780 USD, 345075 USD, 339930 USD, 338630 USD, 333860 USD, 333467 USD, 323868 USD, 323705 USD, 312315 USD, 307876 USD, 303634 USD, 297276 USD, 295565 USD, 295119 USD, 293537 USD, 292153 USD, 290970 USD, 290411 USD, 290147 USD, 284812 USD, 282795 USD, 282534 USD, 280119 USD, 277860 USD, 275868 USD, 271131 USD, 269737 USD, 269541 USD, 264271 USD, 260990 USD, 260832 USD, 257077 USD, 255854 USD, 253668 USD, 252122 USD, 251570 USD, 251268 USD, 250750 USD, 250126 USD, 246813 USD, 244800 USD, 242024 USD, 240882 USD, 239325 USD, 237967 USD, 237412 USD, 237240 USD, 235689 USD, 235383 USD, 230973 USD, 230549 USD, 226847 USD, 224422 USD, 224240 USD, 222537 USD, 221182 USD, 220475 USD, 215061 USD, 214168 USD, 214116 USD, 213109 USD, 213028 USD, 212811 USD, 210038 USD, 208500 USD, 206350 USD, 202665 USD, 201455 USD, 201002 USD, 196482 USD, 194292 USD, 194195 USD, 190631 USD, 190003 USD, 187959 USD, 186671 USD, 185698 USD, 185098 USD, 181505 USD, 181371 USD, 181363 USD, 180621 USD, 179087 USD, 177676 USD, 177605 USD, 176489 USD, 176018 USD, 175215 USD, 175036 USD, 173710 USD, 173554 USD, 167266 USD, 166707 USD, 165945 USD, 162975 USD, 162271 USD, 162174 USD, 159408 USD, 159149 USD, 157290 USD, 156345 USD, 155532 USD, 154560 USD, 153765 USD, 153500 USD, 152929 USD, 152500 USD, 152450 USD, 151996 USD, 149081 USD, 148999 USD, 148506 USD, 148105 USD, 147925 USD, 146236 USD, 144392 USD, 142252 USD, 141882 USD, 141881 USD, 141100 USD, 139849 USD, 138577 USD, 137925 USD, 137464 USD, 137257 USD, 136415 USD, 135627 USD, 135069 USD, 135008 USD, 134926 USD, 134835 USD, 134570 USD, 134320 USD, 134259 USD, 131424 USD, 131073 USD, 129369 USD, 128450 USD, 127661 USD, 126940 USD, 126496 USD, 126460 USD, 123200 USD, 122762 USD, 122360 USD, 121518 USD, 120165 USD, 119790 USD, 119123 USD, 117364 USD, 117207 USD, 115518 USD, 114376 USD, 113495 USD, 113135 USD, 113007 USD, 112378 USD, 111858 USD, 111816 USD, 111548 USD, 110996 USD, 110839 USD, 110776 USD, 110770 USD, 110161 USD, 108972 USD, 108290 USD, 107766 USD, 107393 USD, 107256 USD, 107042 USD, 106925 USD, 106802 USD, 106673 USD, 106275 USD, 105011 USD, 102871 USD, 102554 USD, 101918 USD, 100500 USD, 99941 USD, 99043 USD, 97968 USD, 96403 USD, 95934 USD, 93458 USD, 93350 USD, 92861 USD, 91862 USD, 91510 USD, 91100 USD, 90280 USD, 89375 USD, 89361 USD, 88755 USD, 87255 USD, 86430 USD, 86220 USD, 85478 USD, 85444 USD, 84729 USD, 82045 USD, 81847 USD, 81744 USD, 81638 USD, 80656 USD, 79054 USD, 79020 USD, 77635 USD, 76752 USD, 74826 USD, 73708 USD, 71981 USD, 71796 USD, 70792 USD, 70678 USD, 70034 USD, 69937 USD, 69855 USD, 69653 USD, 69421 USD, 68755 USD, 68343 USD, 67914 USD, 67879 USD, 67501 USD, 67498 USD, 67361 USD, 67249 USD, 67244 USD, 67197 USD, 66703 USD, 66240 USD, 65767 USD, 65431 USD, 65270 USD, 64797 USD, 64628 USD, 64375 USD, 64218 USD, 64020 USD, 63986 USD, 63875 USD, 63722 USD, 63514 USD, 63375 USD, 63364 USD, 62700 USD, 62436 USD, 61554 USD, 60935 USD, 60849 USD, 60503 USD, 59963 USD, 58802 USD, 58528 USD, 58463 USD, 57087 USD, 56985 USD, 55897 USD, 54414 USD, 54320 USD, 53831 USD, 53490 USD, 52930 USD, 52000 USD, 50904 USD, 47284 USD, 45900 USD, 45600 USD, 45540 USD, 44601 USD, 40895 USD, 39955 USD, 38873 USD, 37573 USD, 30705 USD, 29756 USD, 29368 USD, 27426 USD, 23882 USD, 22258 USD, 8533 USD, 2925 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([7599496 USD, 6633255 USD, 5504369 USD, 4036444 USD, 3961306 USD, 2683978 USD, 2361252 USD, 1926359 USD, 1286309 USD, 1253731 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": "0.00078793682426134460031164537304",
"mir_filed": "10826011 USD",
"mix_other": "0.455080649615295354212435030029",
"mix_stock": "0.539589727708861524610219916757",
"mix_savings": "0.00451187709597284188663382075657",
"payout_rate": "0.0741410442979557885811651481949",
"stock_count": "391",
"excise_filed": "278254 USD",
"largest_stock": "7599496 USD",
"mir_difference": "0.15 USD",
"mir_recomputed": "10826010.85 USD",
"payout_coverage": "1.52193826611667295710358135858",
"total_assets_fmv": "251603928 USD",
"excise_difference": "-0.231 USD",
"excise_recomputed": "278254.231 USD",
"distributable_filed": "10547757 USD",
"stock_concentration": "0.0125390479195191508747823654229",
"top10_share_of_stock": "0.274349622553349352192290831748",
"net_investment_income": "20018290 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "10547757 USD",
"effective_stock_holdings": "79.7508715508879032037855381632",
"net_noncharitable_assets": "216520217 USD",
"qualifying_distributions": "16053035 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0302042025353435658603867265538",
"largest_stock_halved_share_of_assets": "0.0151021012676717829301933632769"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "7599496",
"name": "APPLE INC",
"shareOfAssets": "0.0302042025353435658603867265538"
},
{
"fmv": "6633255",
"name": "NVIDIA CORP",
"shareOfAssets": "0.0263638769582325439688684033582"
},
{
"fmv": "5504369",
"name": "MICROSOFT CORP",
"shareOfAssets": "0.0218771187069861643813446346513"
},
{
"fmv": "4036444",
"name": "ALPHABET INC",
"shareOfAssets": "0.0160428496966867703273694518791"
},
{
"fmv": "3961306",
"name": "AMAZON.COM INC",
"shareOfAssets": "0.0157442136594942190250702286333"
},
{
"fmv": "2683978",
"name": "META PLATFORMS INC",
"shareOfAssets": "0.0106674725682343083292403924632"
},
{
"fmv": "2361252",
"name": "TESLA INC",
"shareOfAssets": "0.00938479783988110074338744027875"
},
{
"fmv": "1926359",
"name": "BROADCOM INC",
"shareOfAssets": "0.00765631528614290950179442349565"
},
{
"fmv": "1286309",
"name": "TOTALENERGIES SE",
"shareOfAssets": "0.0051124360824764230230936617174"
},
{
"fmv": "1253731",
"name": "VISA INC",
"shareOfAssets": "0.00498295479711270644391529531288"
}
],
"count": 391,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [
"Part X line 4 (recoveries)",
"Part X line 6 (deduction)"
],
"kernelProof": "ce57bb8b1b8631db7ab13fe774f96cd0a8c17a58cc3481bc383b9924a5a2e8e4",
"otherInvestments": [
{
"fmv": "31601337",
"name": "BAIRD CORE PLUS BOND INSTITUTIONAL",
"shareOfAssets": "0.12559953753981138164106881511"
},
{
"fmv": "28956551",
"name": "VANGUARD HIGH DIVIDEND",
"shareOfAssets": "0.115087833604887122429980504915"
},
{
"fmv": "9044430",
"name": "BAIRD ULTRA SHORT BOND INSTITUTIONAL",
"shareOfAssets": "0.0359470937989489575854316551052"
},
{
"fmv": "8419971",
"name": "Z CAPITAL PARTNERS III, LP",
"shareOfAssets": "0.0334651810364423245411335549579"
},
{
"fmv": "6119337",
"name": "TENOR FUND",
"shareOfAssets": "0.0243213094828948775394317373296"
}
]
}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.