METLIFE FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- METLIFE FOUNDATION (EIN 13-2878224)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-14
- IRS object ID
- 202503189349100905
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-14T07:17:37-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 132878224 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | METLIFE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % JOHN CALISE | InCareOfNm |
| Business Name Control | METL | BusinessNameControlTxt |
| Phone | 2125784133 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 Park Avenue - 5N 244 - MetLife | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10166 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Tia Hodges | PersonNm |
| Person Title | President & CEO | PersonTitleTxt |
| Phone | 3143479637 | PhoneNum |
| Signature | 2025-11-13 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $106,525,298 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $19,000,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $3,297,462 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $3,297,462 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $6,278,091 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $272,986,484 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $323,482 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Net Invst Incm | $26,149 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $28,575,553 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,647,093 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $120,243 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $30,061 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $90,182 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $23,012 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $23,012 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $180,946 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $6,000 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $232,492 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $330,201 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $262,553 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $113,194 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $39,389,927 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $39,389,927 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $39,720,128 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $262,553 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $39,503,121 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$11,144,575 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,384,540 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $30,143,670 | CashBOYAmt |
| Cash EOY | $22,995,696 | CashEOYAmt |
| Cash EOYFMV | $22,995,696 | CashEOYFMVAmt |
| Corporate Stock BOY | $79,482,676 | CorporateStockBOYAmt |
| Corporate Stock EOY | $65,393,106 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $65,393,106 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $17,318,728 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $17,642,564 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $17,642,564 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $166,474 | OtherAssetsBOYAmt |
| Other Assets EOY | $493,932 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $493,932 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $127,111,548 | TotalAssetsBOYAmt |
| Total Assets EOY | $106,525,298 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $106,525,298 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $10,024,273 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $582,598 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $10,024,273 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $582,598 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $117,087,275 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $105,942,700 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $117,087,275 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $105,942,700 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $127,111,548 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $106,525,298 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $117,087,275 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$11,144,575 | ExcessRevenueOverExpensesAmt |
| Subtotal | $105,942,700 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $105,942,700 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | PUBLICLY TRADED SECURITY | PropertyDesc |
| Gross Sales Price | $273,247,099 | GrossSalesPriceAmt |
| Cost Or Other Basis | $272,663,002 | CostOrOtherBasisAmt |
| Gain Or Loss | $584,097 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $584,097 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $323,482 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$1,096 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $47,045 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $47,045 | SubtotalAmt |
| Tax Based On Investment Income | $47,045 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $68,647 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $18,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $86,647 | TotalPaymentsAndCreditsAmt |
| Overpayment | $39,602 | OverpaymentAmt |
| Applied To ES Tax | $39,602 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.metlife.com/sustainability | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN CALISE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8139836185 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18210 CRANE NEST DR | AddressLine1Txt |
| City | Tampa | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33647 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Michael Zarcone | ||||||||
| 200 Park Avenue - 5N 244 - MetLife | New York | NY | 10166 | Director, Chair | 0.8 | $0 | $0 | $0 |
| Nuria Garcia | ||||||||
| 200 Park Avenue - 5N 244 - MetLife | New York | NY | 10166 | Director | 0.8 | $0 | $0 | $0 |
| Susan Podlogar | ||||||||
| 200 Park Avenue - 5N 244 - MetLife | New York | NY | 10166 | Director | 0.0 | $0 | $0 | $0 |
| Ramy Tadros | ||||||||
| 200 Park Avenue - 5N 244 - MetLife | New York | NY | 10166 | Director | 0.4 | $0 | $0 | $0 |
| Theresa Baker | ||||||||
| 200 Park Avenue - 5N 244 - MetLife | New York | NY | 10166 | Counsel & Secretary (Officer) | 2.0 | $0 | $0 | $0 |
| John Calise | ||||||||
| 200 Park Avenue - 5N 244 - MetLife | New York | NY | 10166 | Controller (Officer) | 0.8 | $0 | $0 | $0 |
| Tia Hodges | ||||||||
| 200 Park Avenue - 5N 244 - MetLife | New York | NY | 10166 | Director, President & CEO | 30.0 | $0 | $0 | $0 |
| Eric Clurfain | ||||||||
| 200 Park Avenue - 5N 244 - MetLife | New York | NY | 10166 | Director | 0.4 | $0 | $0 | $0 |
| Michael Roberts | ||||||||
| 200 Park Avenue - 5N 244 - MetLife | New York | NY | 10166 | Director | 0.4 | $0 | $0 | $0 |
| Lyndon Oliver | ||||||||
| 200 Park Avenue - 5N 244 - MetLife | New York | NY | 10166 | Treasurer | 0.4 | $0 | $0 | $0 |
| Bill Pappas | ||||||||
| 200 Park Avenue - 5N 244 - MetLife | New York | NY | 10166 | 0 | 0.4 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Deloitte | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 Rockefeller Plaza | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Accounting Services | ServiceTypeTxt |
| Compensation | $120,243 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | LAUNCHNY SEED FUND II, L.P. FOR-PROFIT LIMITED PARTNER FUND THAT BACKS STARTUP COMPANIES | Description1Txt |
| Expenses1 | $309,375 | Expenses1Amt |
| Description2 | NMC FUND I, L.P. FOR-PROFIT LIMITED PARTNER FUND THAT SUPPORTS UNDERREPRESENTED ENTREPRENUERS THROUGH BUSINESS ACQUISITION | Description2Txt |
| Expenses2 | $210,112 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $346,024 | AllOtherProgramRltdInvstTotAmt |
| Total | $865,511 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $100,129,258 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $20,540,526 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $493,931 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $121,163,715 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $121,163,715 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,817,456 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $119,346,259 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,967,313 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,967,313 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $47,045 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $47,045 | TotalTaxAmt |
| Distributable Before Adj | $5,920,268 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $5,920,268 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $5,920,268 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $39,503,121 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $865,511 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $40,368,632 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,920,268 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2022 | PriorYear1Yr |
| Prior Year2 | 2021 | PriorYear2Yr |
| Prior Year3 | 2020 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $37,505,207 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $33,017,487 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $32,204,907 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $32,501,386 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $33,164,325 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $168,393,312 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $40,368,632 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $5,920,268 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $34,448,364 | RemainingDistriFromCorpusAmt |
| Total Corpus | $202,841,676 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $37,505,207 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $165,336,469 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $33,017,487 | ExcessFromYear4Amt |
| Excess From Year3 | $32,204,907 | ExcessFromYear3Amt |
| Excess From Year2 | $32,501,386 | ExcessFromYear2Amt |
| Excess From Year1 | $33,164,325 | ExcessFromYear1Amt |
| Excess From Current Year | $34,448,364 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE DETAIL ON FOOTNOTE 3 | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SEE DETAIL ON FOOTNOTE 3 | AddressLine1Txt |
| City | NYC | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10166 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | SEE DETAIL ON FOOTNOTE 3 | GrantOrContributionPurposeTxt |
| Amt | $39,389,927 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $39,389,927 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Revenue Dtl ProgramServiceRevenueDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISC INCOME | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,297,462 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $323,482 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTNERSHIP INCOME | Desc |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $26,149 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $3,647,093 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,647,093 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | Metropolitan Life Insurance Company | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 Park Avenue | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 101666796 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $19,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $120,243 | Amt |
| Net Investment Income | $30,061 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $90,182 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| ILLUMEN CAPITAL, LP HAS PARTNERED WITH STANFORD UNIVERSITY TO HELP MANAGERS REDUCE THEIR IMPLICIT BIAS TOWARD GENDER AND RACE | $201,488 |
| ACCION VENTURE LAB, LP FOCUSED ON INSTITUTIONAL CAPACITY BUILDING TO LEVERAGE DIGITAL TECHNOLOGIES FOR SCALE. | $78,536 |
| FINANCIAL HEALTH INNOVATION FUND, LLC FOCUSED ON INVESTING IN EARLY-STAGE, IMPACT-DRIVEN STARTUPS | $66,000 |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| INVESTMENTS IN CORPORATE STOCK | $65,393,106 | $65,393,106 |
| SEE FOOTNOTE 1 FOR DETAIL |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PROGRAM RELATED INVEST - LOAN | AT COST | $3,500,000 | $3,500,000 |
| PROGRAM RELATED INVEST - PSHIP | $11,277,219 | $11,277,219 | |
| PROGRAM RELATED INVEST - STOCK | $2,865,345 | $2,865,345 | |
| SEE DETAIL ON FOOTNOTE 2 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| OTHER RECEIVABLES | $1,425 | $398,473 | $398,473 |
| INTEREST DUE AND ACCRUED | $116,084 | $95,459 | $95,459 |
| FEDERAL EXCISE TAX RECEIVABLE | $48,965 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Net Investment IncomeNetInvestmentIncomeAmt | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|---|
| PARTNERSHIP EXPENSES | $232,492 | |
| FILING FEES | $6,000 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|
| Partnership Income | $26,149 |
| Other Income |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| CASH OVERDRAFT | $2,780 | $1,665 |
| AMOUNTS PAYABLE FOR INVESTMENT | $10,021,493 | $453,902 |
| OTHER PAYABLES | $0 | $3,050 |
| FEDERAL EXCISE TAX PAYABLE | $0 | $123,981 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| SALESFORCE.ORG | $19,598 | $19,598 |
| APPEXTREMES LLC | $3,414 | $3,414 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCRUED EXCISE TAXES | CategoryTxt |
| Amt | $180,946 | Amt |
Comments