efile Public Visual Render
ObjectId: 202423209349107257 - Submission: 2024-11-15
TIN: 26-3922995
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0047
20
23
Open to Public Inspection
For calendar year 2023, or tax year beginning
01-01-2023
, and ending
12-31-2023
Name of foundation
PAULSON FAMILY FOUNDATION
C/O PAULSON & CO INC
Number and street (or P.O. box number if mail is not delivered to street address)
1133 AVE OF THE AMERICAS 33RD FL
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK
,
NY
10036
A Employer identification number
26-3922995
B
Telephone number (see instructions)
(212) 956-2221
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
958,768,776
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
637,998
637,998
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
-7,981,098
b
Gross sales price for all assets on line 6a
58,661,273
7
Capital gain net income (from Part IV, line 2)
...
0
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
List of Attached Documents:
// Content
35,538,471
35,538,471
12
Total.
Add lines 1 through 11
........
28,195,371
36,176,469
13
Compensation of officers, directors, trustees, etc.
0
0
0
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
List of Attached Documents:
// Content
42,878
0
0
b
Accounting fees (attach schedule)
.......
List of Attached Documents:
// Content
24,064
0
0
c
Other professional fees (attach schedule)
....
17
Interest
...............
8,717
0
0
18
Taxes (attach schedule) (see instructions)
...
List of Attached Documents:
// Content
112,086
0
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
List of Attached Documents:
// Content
44,100
0
0
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
231,845
0
0
25
Contributions, gifts, grants paid
.......
66,626,602
66,626,602
26
Total expenses and disbursements.
Add lines 24 and 25
66,858,447
0
66,626,602
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-38,663,076
b
Net investment income
(if negative, enter -0-)
36,176,469
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2023)
Page 2
Form 990-PF (2023)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
145,025
145,025
145,025
2
Savings and temporary cash investments
.........
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
1,447,469,931
List of Attached Documents:
// Content
1,375,123,042
933,022,209
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
List of Attached Documents:
// Content
25,601,542
List of Attached Documents:
// Content
25,601,542
List of Attached Documents:
// Content
25,601,542
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
1,473,216,498
1,400,869,609
958,768,776
17
Accounts payable and accrued expenses
..........
18
Grants payable
.................
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
List of Attached Documents:
// Content
0
List of Attached Documents:
// Content
12,253
23
Total liabilities
(add lines 17 through 22)
.........
0
12,253
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
0
0
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
1,473,216,498
1,400,857,356
29
Total net assets or fund balances
(see instructions)
.....
1,473,216,498
1,400,857,356
30
Total liabilities and net assets/fund balances
(see instructions)
.
1,473,216,498
1,400,869,609
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
1,473,216,498
2
Enter amount from Part I, line 27a
.....................
2
-38,663,076
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
1,434,553,422
5
Decreases not included in line 2 (itemize)
List of Attached Documents:
// Content
5
33,696,066
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
1,400,857,356
Form
990-PF
(2023)
Page 3
Form 990-PF (2023)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
PUBLICALLY TRADED SECURITIES UBS X7050
b
15,806.211 SHARES OF PAULSON CREDIT OPPORTUNITIES LTD
P
2017-12-21
2023-05-31
c
58,277.934 SHARES OF PAULSON ADVANTAGE PLUS II LTD
P
2017-09-30
2023-08-01
d
3,637.729 SHARES OF PAULSON CREDIT OPPORTUNITIES LTD
P
2017-12-21
2023-11-30
e
CAPITAL GAINS DIVIDENDS
P
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
17,661,050
19,287,997
-1,626,947
b
30,000,000
34,553,742
-4,553,742
c
5,000,000
5,827,793
-827,793
d
6,000,000
6,972,839
-972,839
e
223
223
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
-1,626,947
b
-4,553,742
c
-827,793
d
-972,839
e
223
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
-7,981,098
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
1
502,853
b
All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
0
3
Add lines 1 and 2
...........................
3
502,853
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
502,853
6
Credits/Payments:
a
2023 estimated tax payments and 2022 overpayment credited to 2023
6a
4,357
b
Exempt foreign organizations—tax withheld at source
......
6b
0
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
500,000
d
Backup withholding erroneously withheld
..........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
504,357
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
69
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
1,435
11
Enter the amount of line 10 to be:
Credited to 2024 estimated tax
1,435
Refunded
11
0
Form
990-PF
(2023)
Page 4
Form 990-PF (2023)
Page
4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
.........
4a
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XIV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
DE
,
NY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII
.............................
9
No
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
Yes
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
N/A
14
The books are in care of
PAULSON FAMILY FOUNDATION
Telephone no.
(212) 956-2221
Located at
1133 AVENUE OF AMERICAS 33RD FLOOR
NEW YORK
NY
ZIP+4
10036
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
Yes
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
CA
,
LU
Form
990-PF
(2023)
Page 5
Form 990-PF (2023)
Page
5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
...........
1a(1)
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
..............................
1a(2)
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
...........
1a(3)
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
............
1a(4)
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
......................
1a(5)
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
...............
1a(6)
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
..........
1b
c
Organizations relying on a current notice regarding disaster assistance check here
........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023?
.............
1d
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?
....................
2a
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
..............................
3a
No
b
If "Yes," did it have excess business holdings in 2023 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.)
.....................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023?
..
4b
No
Form
990-PF
(2023)
Page 6
Form 990-PF (2023)
Page
6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
..........
5a(1)
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
....................
5a(2)
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
.............
5a(3)
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
........................
5a(4)
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.............
5a(5)
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
........
5b
c
Organizations relying on a current notice regarding disaster assistance check
.........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
.................
5d
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.............................
6a
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
.....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.........................
8
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
JOHN PAULSON
DIRECTOR, PRESIDENT & SECRETARY
2.00
0
0
0
205 WORTH AVE SUITE 104-105
PALM BEACH
,
FL
33480
LEBIN MATHEW
TREASURER
0.10
0
0
0
1133 AVENUE OF THE AMERICAS 33RD FL
NEW YORK
,
NY
10036
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
NONE
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2023)
Page 7
Form 990-PF (2023)
Page
7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
NONE
Total
number of others receiving over $50,000 for professional services
.............
0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
2
3
4
Part VIII-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
0
Form
990-PF
(2023)
Page 8
Form 990-PF (2023)
Page
8
Part IX
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
0
b
Average of monthly cash balances
.......................
1b
145,025
c
Fair market value of all other assets (see instructions)
................
1c
944,208,092
d
Total
(add lines 1a, b, and c)
.........................
1d
944,353,117
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
944,353,117
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions)
.............................
4
14,165,297
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3.
............
5
930,187,820
6
Minimum investment return.
Enter 5% (0.05) of line 5
................
6
46,509,391
Part X
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part IX, line 6
..................
1
46,509,391
2a
Tax on investment income for 2022 from Part V, line 5
.......
2a
502,853
b
Income tax for 2022. (This does not include the tax from Part V.)
...
2b
c
Add lines 2a and 2b
............................
2c
502,853
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
46,006,538
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
46,006,538
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1
...
7
46,006,538
Part XI
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
66,626,602
b
Program-related investments—total from Part VIII-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part XII, line 4.
.......
4
66,626,602
Form
990-PF
(2023)
Page 9
Form 990-PF (2023)
Page
9
Part XII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2022
(c)
2022
(d)
2023
1
Distributable amount for 2023 from Part X, line 7
46,006,538
2
Undistributed income, if any, as of the end of 2022:
a
Enter amount for 2022 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2022:
a
From 2018
......
1,248,834
b
From 2019
......
c
From 2020
......
d
From 2021
......
e
From 2022
......
17,954,681
f
Total
of lines 3a through e
........
19,203,515
4
Qualifying distributions for 2023 from Part
XI, line 4:
$
66,626,602
a
Applied to 2022, but not more than line 2a
0
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2023 distributable amount
.....
46,006,538
e
Remaining amount distributed out of corpus
20,620,064
5
Excess distributions carryover applied to 2023.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
39,823,579
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024
..........
0
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
0
8
Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions)
...
1,248,834
9
Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a
......
38,574,745
10
Analysis of line 9:
a
Excess from 2019
....
b
Excess from 2020
....
c
Excess from 2021
....
d
Excess from 2022
....
17,954,681
e
Excess from 2023
....
20,620,064
Form
990-PF
(2023)
Page 10
Form 990-PF (2023)
Page
10
Part XIII
Private Operating Foundations
(see instructions and Part VI-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling
......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2023
(b)
2022
(c)
2021
(d)
2020
b
85% (0.85) of line 2a
.........
c
Qualifying distributions from Part XI,
line 4 for each year listed
.....
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed
..
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
(3)
Largest amount of support
from an exempt organization
(4)
Gross investment income
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
JOHN PAULSON
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
JOHN PAULSON
205 WORTH AVE SUITE 104-105
PALM BEACH
,
FL
33480
(212) 350-5151
b
The form in which applications should be submitted and information and materials they should include:
N/A
c
Any submission deadlines:
N/A
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
DECIDED ON CASE BY CASE BASIS.
Form
990-PF
(2023)
Page 11
Form 990-PF (2023)
Page
11
Part XIV
Supplementary Information
(continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY
199 WATER ST 11TH FL
NEW YORK
,
NY
10038
NONE
PC
TO HELP ATTRACT AND RETAIN OUTSTANDING FACULTY, BUILD TEACHING AND RESEARCH FACILITIES, AND PROVIDE SCHOLARSHIPS AND FELLOWSHIPS TO ISRAEL'S NEXT GENERATION OF LEADERS
5,500,000
AMERICAN FRIENDS PARIS OPERA & BALLET
972 5TH AVE
NEW YORK
,
NY
10075
NONE
PC
FOR MORE THAT 35 YEARS, THE AMERICAN FRIENDS OF THE PARIS OPERA & BALLET HAVE SHARED THE PARIS OPERA AND BALLET TREASURES WITH THE AMERICAN AUDIENCE AND FOSTERED ARTISTIC PARTNERSHIPS WITH STELLAR AMERICAN ARTISTS AND COMPANIES. MORE THAN EVER, WE ARE FOCUSING ON THE NEXT GENERATION OF ARTISTS WHO NEED OUR HELP TO PRESERVE AND ASSURE THE FUTURE OF OUR BELOVED ART FORMS.
29,500
AMERICAN JEWISH COMMITTEE
165 EAST 56TH STREET
NEW YORK
,
NY
10022
NONE
PC
TO ADVOCATE FOR THE JEWISH PEOPLE AND ISRAEL. DEFENDING DEMOCRACTIC VALUES FOR ALL.
100,000
ASSOCIATION OF COMMUNITY EMPLOYMENT PROGRAMS FOR THE HOMELESS
3030 NORTHERN BLVD SUITE 1
LONG ISLAND CITY
,
NY
11101
NONE
PC
THE ASSOCIATION OF COMMUNITY EMPLOYMENT PROGRAMS (ACE) WORKS ALONGSIDE NEW YORKERS WHO HAVE HISTORIES OF HOMELESSNESS, INCARCERATION, AND ADDICTION TO PROVIDE JOB TRAINING, WORK EXPERIENCE, AND A LIFETIME SUPPORT NETWORK THAT HELPS PARTICIPANTS ACHIEVE THEIR GOALS AND ESTABLISH ECONOMIC INDEPENDENCE.
10,000
BREAST CANCER RESEARCH FOUNDATION
28 WEST 44TH STREET SUITE 609
NEW YORK
,
NY
10036
NONE
PC
MISSION IS TO PREVENT AND CURE BREAST CANCER BY ADVANCING THE WORLD'S MOST PROMISING RESEARCH.
43,000
CENTER FOR INITIATIVES IN JEWISH EDUCATION
148 39TH STREET BUILDING 19 SUITE
311
BROOKLYN
,
NY
11232
NONE
PC
THE CENTER FOR INITIATIVES IN JEWISH EDUCATION (CIJE) ORGANIZATION FOUNDED IN 2001 TO ENHANCE AND ENRICH THE QUALITY OF JEWISH EDUCATION THROUGHOUT THE UNITED STATES.
50,000
CENTRAL PARK CONSERVANCY
14 EAST 60TH ST
NEW YORK
,
NY
10022
NONE
PC
TO PRESERVE AND CELEBRATE CENTRAL PARK AS A SANCTUARY FROM THE PACE AND PRESSURES OF CITY LIFE, ENHANCING THE ENJOYMENT AND WELLBEING OF ALL.
108,000
CHABAD HOUSE IN MIAMI BEACH
31334 ROYAL PALM AVE
MIAMI BEACH
,
FL
33140
NONE
PC
TO SUPPORT PROGRAMS, ACTIVITIES, AND SERVICES FOR THE LOCAL JEWISH COMMUNITY AND TOURISTS.
156,000
DORMITION OF THE VIRGIN MARY
111 ST ANDREWS RD
SOUTHAMPTON
,
NY
11968
NONE
PC
ORTHODOX CHRISTIAN COMMUNITY LOCATED IN SOUTHAMPTON, NEW YORK.
50,000
FONDAZIONE CASA NATALE DI ENZO FERRARI MUSEO
250 SYLVAN AVE
ENGLEWOOD CLIFFS
,
NJ
07632
NONE
PF
TO PROMOTE THE MODENA REGION'S MOTORING TRADITION AND CREATE A MUSEUM DEDICATED TO ENZO FERRARI IN MODENA.
100,000
FUND FOR PUBLIC SCHOOLS INC
52 CHAMBERS ST ROOM 305
NEW YORK
,
NY
10007
NONE
PC
SUPPORT SOME OF THE MOST INNOVATIVE PROGRAMS IN 3K-12 EDUCATION
110,000
FUNDACION ALMA DE BAHIA
7000 BAHIA BEACH BLVD
RIO GRANDE
,
PR
00745
NONE
PC
TO PROVIDE PROTECTION OF NATURAL RESOURCES AND WILDLIFE, CONTRIBUTE TO LOCAL COMMUNITY AND SUSTAINABILITY, THROUGH CONSERVATIVE INITATIVES AND ENVIRONMENTAL EDUCATION
2,500
GABRIELLE'S ANGEL FOUNDATION
C/O SOHO WORKS 430 14TH STREET 5TH
FLOOR
NEW YORK
,
NY
10094
NONE
EOF
TO FUND RESEARCH TO IMPROVE THE EFFICACY OF CANCER TREATMENTS.
83,333
GREATER NY COUNCILS BOY SCOUTS OF AMERICA
475 RIVER SIDE DR SUITE 600
NEW YORK
,
NY
10115
NONE
PC
THE GREATER NEW YORK COUNCILS (GNYC) IS A LOCAL COUNCIL OF THE BOY SCOUTS OF AMERICA THAT SERVES THE NEW YORK CITY AREA.
50,000
HARVARD UNIVERSITY BUSINESS SCHOOL
124 MOUNT AUBURN ST
CAMBRIDGE
,
MA
02138
NONE
PC
TO SUPPORT THE MISSION OF HARVARD TO EDUCATE THE CITIZENS AND CITIZEN-LEADERS FOR OUR SOCIETY.
200,000
HOGARES TERESA TODO
URBANIZACION VILLAS DE LOIZA R14
CALLE 5A
LOIZA
,
PR
00772
NONE
PC
TERESA TODA HOMES WAS FOUNDED WITH A MISSION TO PROVIDE A LOVING AND SUPPORTIVE HOME FOR GIRLS AND YOUNG WOMEN WHO HAVE EXPERIENCED TRAUMA FROM ABUSE. SINCE OUR INCEPTION, WE HAVE BEEN DEDICATED TO HELPING THEM HEAL AND BECOME CONFIDENT AND RESILIENT PEOPLE.
5,000
HOPE FOR DEPRESSION RESEARCH FOUNDATION
40 WEST 57TH STREET SUITE 1440
NEW YORK
,
NY
10019
NONE
EOF
TO HELP THE FOUNDATION FUND DEPRESSION RESEARCH.
45,000
HORACE MANN SCHOOL
231 WEST 246TH STREET
BRONX
,
NY
10471
NONE
PC
TO EDUCATE CAPABLE YOUNG MINDS IN SOCIALLY SIGNIFICANT WAYS.
134,400
JEWISH AGENCY FOR ISRAEL - VICTIMS OF TERROR
633 THIRD AVE 21ST FLOOR
NEW YORK
,
NY
10017
NONE
PC
TO AID THOSE IN DIRE NEED.
100,000
LANG LANG INTERNATIONAL MUSIC FOUNDATION
300 WINSTON DRIVE APT 2621
CLFFSIDE PARK
,
NJ
07010
NONE
PC
TO EDUCATE, INSPIRE, AND MOTIVATE THE NEXT GENERATION OF MUSIC LOVERS AND PERFORMERS
62,534
LEUKEMIA & LYMPHOMA SOCIETY
3 INTERNATIONAL DRIVE SUITE 200
RYE BROOK
,
NY
10573
NONE
PC
TO CURE LEUKEMIA, LYMPHOMA, HODGKIN'S DISEASE AND MYELOMA, AND IMPROVE THE QUALITY OF LIFE OF PATIENTS AND THEIR FAMILIES
5,000
LUPUS RESEARCH ALLIANCE
270 MADISON AVE SUITE 300
NEW YORK
,
NY
10016
NONE
PC
TO LEAD THE WAY FOR BETTER TREATMENTS AND, ULTIMATELY, A CURE, THROUGH THE POWER OF SCIENCE AND CLINICAL RESEARCH.
10,000
MANHATTAN INSTITUTE FOR POLICY RESEARCH
52 VANDERBUILT AVE RM 201
NEW YORK
,
NY
10017
NONE
PC
TO SUPPORT THE DEVELOPMENT OF NEW IDEAS THAT FOSTER GREATER ECONOMIC CHOICE AND INDIVIDUAL RESPONSIBILITY.
2,000,000
MILKEN CENTER FOR ADVANCING THE AMERICAN DREAM
1250 FOURTH STREET
SANTA MONICA
,
CA
90401
NONE
PC
TO SUPPORT PEOPLE WITH A DREAM, THE DRIVE TO ACHIEVE IT, BY PROVIDING THE OPPORTUNITY TO MAKE IT COME TRUE THROUGH GOOD HEALTH, GOOD EDUCTION AND AN ECONOMIC SYSTEM THAT WORKS FOR ALL
750,000
MULTIPLYING GOOD
348 W 57TH STREET SUITE 115
NEW YORK
,
NY
10019
NONE
PC
TO SUPPORT AND DEVELOP YOUTH LEADERS IN SERVICE.
25,000
MUSEO DE ARTE DE PONCE
2325 AVE LAS AMERICAS
PONCE
,
PR
00717
NONE
PC
THROUGH ACCESS TO ART-BASED EXPERIENCES, THE MUSEO DE ARTE DE PONCE PURSUES TO PROMOTE DISCOVERY, STIMULATE CURIOSITY, AND FOSTER DIALOGUE TO ENHANCE THE LIFE OF ITS COMMUNITY.
100,000
NEW YORK CITY BALLET
20 LINCOLN CENTER PLAZA
NEW YORK
,
NY
10023
NONE
PC
TO PROMOTE THE ART OF BALLET
275,000
NORTHSIDE CENTER FOR CHILD DEVELOPMENT
1475 PARK AVE
NEW YORK
,
NY
10029
NONE
PC
TO FOSTER THE HEALTHY DEVELOPMENT OF CHILDREN & FAMILIES AND SEEK TO EMPOWER THEM TO RESPOND CONSTRUCTIVELY TO NEGATIVE SOCIETAL FACTORS INCLUDING RACISM AND DEPREVIATION
10,000
PECONIC LAND TRUST
296 HAMPTON RD
SOUTHAMPTON
,
NY
11968
NONE
PC
THE PECONIC LAND TRUST HAS WORKED DILIGENTLY WITH LANDOWNERS, COMMUNITIES, MUNICIPALITIES, AND PARTNER ORGANIZATIONS TO PROTECT NEARLY 14,000 ACRES OF LAND, CONSERVING MORE WORKING FARMS ON LONG ISLAND THAN ANY OTHER PRIVATE CONSERVATION ORGANIZATION, AND SECURING MILLIONS OF DOLLARS FROM THE PUBLIC AND PRIVATE SECTORS FOR LAND PROTECTION.
10,000
PRESERVATION FOUNDATION OF PALM BEACH
311 PERUVIAN AVE
PALM BEACH
,
FL
33480
NONE
PC
TO PROTECT AND CELEBRATE THE ARCHITECTURAL, BOTANICAL, AND CULTURAL HERITAGE OF PALM BEACH
200,000
PRESIDENT & FELLOWS OF HARVARD COLLEGE
1350 MASSACHUSETTS AVENUE FLOOR 6
672
CAMBRIDGE
,
MA
02135
NONE
PC
TO SUPPORT THE MISSION OF HARVARD TO EDUCATE THE CITIZENS AND CITIZEN-LEADERS FOR OUR SOCIETY.
50,050,000
PRINCESS GRACE FOUNDATION- USA
565 5TH AVE 23RD FLOOR
NEW YORK
,
NY
10017
NONE
PC
TO ELEVATE EXTRAORDINARY EMERGING ARTISTS IN THEATER, DANCE, AND FILM VIA AWARDS IN THE FORM OF GRANTS, SCHOLARSHIPS, AND FELLOWSHIPS.
50,000
PROSTATE CANCER FOUNDATION
1250 FOURTH STREET
SANTA MONICA
,
CA
90401
NONE
EOF
TO SUPPORT THE FOUNDATION'S EFFORTS IN CANCER RESEARCH.
200,000
SAVE VENICE INC
133 E 58TH ST SUITE 501
NEW YORK
,
NY
10022
NONE
PC
TO PRESERVE THE ARTISTIC HERITAGE OF VENICE, ITALY
44,000
SCHOOL OF AMERICAN BALLET
70 LINCOLN CENTER PLAZA SUITE 6
NEW YORK
,
NY
10023
NONE
PC
TO PROVIDE A COMPLETE CLASSICAL BALLET EDUCATION IN A NURTURING ENVIRONMENT THAT SUPPORTS STUDENT GROWTH BOTH IN AND OUTSIDE OF OUR STUDIOS
15,000
SOCIETY OF MEMORIAL SLOAN KETTERING CC
1233 YORK AVE SUITE 302
NEW YORK
,
NY
10065
NONE
PC
TO BE THE WORLD'S LEADING AUTHORITY ON CANCER. ENDING CANCER FOR LIFE.
25,000
SOUTHAMPTON ARTS CENTER
25 JOBS LN
SOUTHAMPTON
,
NY
11968
NONE
PC
TO COMMUNITY BUILD THROUGH THE ARTS.
6,500
SOUTHAMPTON ASSOCIATION
PO BOX 641
SOUTHAMPTON
,
NY
11969
NONE
PC
TO PRESERVE THE VILLAGE OF SOUTHAMPTON FOR THE BENEFIT OF THE RESIDENTS
5,000
SOUTHAMPTON HOSPITAL FOUNDATION
40 W MAIN ST
SOUTHAMPTON
,
NY
11968
NONE
PC
TO PROVIDE HEALTHCARE SERVICECS AND EXPAND CLINICAL PROGRAMS TO MEET THE NEEDS OF THE COMMUNITY
75,000
SPONSORS FOR EDUCATIONAL OPPORTUNITY
55 EXCHANGE PLACE
NEW YORK
,
NY
10005
NONE
PC
TO HELP PROVIDE SUPERIOR EDUCATIONAL AND CAREER PROGRAMS TO YOUNG PEOPLE FROM UNDERSERVED AND UNDERREPRESENTED COMMUNITIES.
46,500
ST JAMES CHURCH
865 MADISON AVE
NEW YORK
,
NY
10021
NONE
PC
TO PROMOTE THE PRESERVATION OF THE CHURCH
50,000
STAND WITH US
141 5TH AVE 2ND FLOOR
NEW YORK
,
NY
10010
NONE
PC
TO INSPIRE AND EDUCATE PEOPLE OF ALL AGES AND BACKGROUNDS TO FIGHT ANTISEMITISM
50,000
SUCCESS ACADEMY CHARTER SCHOOLS
95 PINE STREET FLOOR 6
NEW YORK
,
NY
10005
NONE
PC
TO PROVIDE STUDENTS OF ALL BACKGROUND WITH HIGH QUALITY EDUCATION.
260,000
TEL AVIV MUSEUM OF ART'S AMERICAN FRIENDS
1410 BROADWAY SUITE 2201
NEW YORK
,
NY
10065
NONE
PC
TO HELP SUSTAIN THE MUSEUM'S PROGRAMMING, CONSERVATION, AND RESEARCH.
5,000,000
THE ELIZABETH DOLE FOUNDATION
600 NEW HAMPSHIRE AVE SW SUITE 1020
WASHINGTON
,
DC
20037
NONE
PC
TO STRENGTHEN AND EMPOWER AMERICA'S MILITARY CAREGIVERS AND THEIR FAMILIES.
25,000
THE HOOVER INSTITUTION
1399 NEW YORK AVE NW 500
WASHINGTON
,
DC
20005
NONE
PC
TO PROMOTE PERSONAL AND ECONOMIC LIBERTY, FREE ENTERPRISE AND LIMITED GOVERNMENT.
10,000
THE METROPOLITAN MUSEUM OF ART
1000 5TH AVE
NEW YORK
,
NY
10028
NONE
PC
TO HELP SUSTAIN THE MUSEUM'S PROGRAMMING, CONSERVATION, AND RESEARCH.
67,835
THE METROPOLITAN OPERA GUILD
30 LINCOLN CENTER
NEW YORK
,
NY
10023
NONE
PC
TO PROMOTE THE ADVANCES OF THE ARTS WITHIN THE OPERA
5,000
THE SCHWARZMAN ANIMAL MEDICAL CENTER
510 EAST 62ND STREET
NEW YORK
,
NY
10065
NONE
PC
TO PROVIDE COMPASSIONATE AND COLLABORATIVE CARE TO COMPANION ANIMALS AND TO LEAD THE ADVANCEMENT OF VETINARY MEDICINE THROUGH CLINICAL RESEARCH AND EDUCATION.
57,500
THE UJA FEDERATION
130 EAST 59TH STREET
NEW YORK
,
NY
10022
NONE
PC
TO FEED THE HUNGRY, ENHANCE MENTAL HEALTH SERVICES, AND SUSTAIN JEWISH INSTITUTIONS.
250,000
YALE CLUB OF NYC
50 VANDERBILT AVE
NEW YORK
,
NY
10017
NONE
PC
TO ALLOW GRADUATES THE ABILITY TO CONTINUE THE FRIENDSHIPS THEY FORMED AT YALE.
10,000
Total
.................................
3a
66,626,602
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2023)
Page 12
Form 990-PF (2023)
Page
12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
4
Dividends and interest from securities
....
14
637,998
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
14
35,538,471
8
Gain or (loss) from sales of assets other than
inventory
............
18
-7,981,098
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
0
28,195,371
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
28,195,371
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2023)
Page 13
Form 990-PF (2023)
Page
13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
2024-11-15
May the IRS discuss this return
with the preparer shown below?
See instructions.
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
WARREN ABKOWITZ
Preparer's Signature
Date
2024-11-15
Check if self-
employed
PTIN
P00182285
Firm's name
KPMG LLP
Firm's EIN
13-5565207
Firm's address
150 JOHN F KENNEDY PARKWAY
SHORT HILLS
,
NJ
070782754
Phone no.
(973) 467-9650
Form
990-PF
(2023)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description