JAFFE FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- JAFFE FOUNDATION (EIN 06-1469004)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-12
- IRS object ID
- 202523169349102547
- 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
- Acty Not Previously Rpt Expln
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-12T14:21:32-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sayles & Evans | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One West Church Street | AddressLine1Txt |
| City | Elmira | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061469004 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jaffe Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % MARKET STREET SERVICES | InCareOfNm |
| Business Name Control | JAFF | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 Market Street Suite 302 | AddressLine1Txt |
| City | Portsmouth | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03801 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DOUGLAS JAFFE | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6079626876 | PhoneNum |
| Signature | 2025-11-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Steven E Agan | PreparerPersonNm |
| PTIN | P00545842 | PTIN |
| Phone | 6077342271 | PhoneNum |
| Preparation | 2025-10-31 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $44,168,039 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $21,551,586 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $376,220 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $376,220 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $14,580,929 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $17,450,443 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $14,580,929 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $36,508,735 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $14,957,149 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $33,236 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $8,801 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $66,905 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $66,905 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $19,140 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $9,640 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $33,762 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $31,163 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $153,043 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $107,708 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $8,801 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,213,057 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,213,057 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,366,100 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $107,708 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,221,858 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $35,142,635 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $14,849,441 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $466,091 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,360,141 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,360,141 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $9,962,485 | CorporateStockBOYAmt |
| Corporate Stock EOY | $24,194,955 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $41,060,005 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $765,068 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,691,856 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,747,893 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $11,193,644 | TotalAssetsBOYAmt |
| Total Assets EOY | $27,246,952 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $44,168,039 | TotalAssetsEOYFMVAmt |
| Grants Payable EOY | $100,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $100,000 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $11,193,644 | CapitalStockBOYAmt |
| Capital Stock EOY | $27,146,952 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $11,193,644 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $27,146,952 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $11,193,644 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $27,246,952 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $11,193,644 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $35,142,635 | ExcessRevenueOverExpensesAmt |
| Other Increases | $799,040 | OtherIncreasesAmt |
| Subtotal | $47,135,319 | SubtotalAmt |
| Other Decreases | $19,988,367 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $27,146,952 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| MEADOWS SECURITIES COMPANY | D | $1,313 | $1,360 | -$47 | -$47 |
| MEADOWS SECURITIES COMPANY | D | $11,897,353 | $2,602,308 | $9,295,045 | $9,295,045 |
| VARIOUS - SEE ATTACHED | D | $5,319,087 | $265,846 | $5,053,241 | $5,053,241 |
| CAPITAL GAIN DIVIDENDS | P | $232,190 | |||
| CAPITAL GAIN DIVIDENDS | P | $232,190 | |||
| CAPITAL GAIN DIVIDENDS | P | $232,190 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $14,580,929 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $206,407 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $206,407 | SubtotalAmt |
| Tax Based On Investment Income | $206,407 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $9,206 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $260,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $269,206 | TotalPaymentsAndCreditsAmt |
| Overpayment | $62,799 | OverpaymentAmt |
| Applied To ES Tax | $62,799 | 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 | Yes (true) | 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 | CT | OrgReportOrRegisterStateCd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARKET STREET SERVICES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8009626876 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 E MARKET ST STE 201 | AddressLine1Txt |
| City | CORNING | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14830 | 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 | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| 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 | false | GrantsToIndividualsInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | 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 (3 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 |
|---|---|---|---|---|---|---|---|---|
| DAVID M JAFFE | ||||||||
| 100 Market Street Suite 302 | Portsmouth | NH | 03801 | TREASURER/SECRETARY | 1.0 | $0 | $0 | $0 |
| DOUGLAS JAFFE | ||||||||
| 100 Market Street Suite 302 | Portsmouth | NH | 03801 | PRESIDENT | 1.0 | $0 | $0 | $0 |
| KRISTIN HEAVEY | ||||||||
| 100 Market Street Suite 302 | Portsmouth | NH | 03801 | DIRECTOR | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARKET STREET TRUST COMPANY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 Market Street Suite 302 | AddressLine1Txt |
| City | PORTSMOUTH | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MGMT. | ServiceTypeTxt |
| Compensation | $54,962 | CompensationAmt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $26,171,100 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $405,000 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,032,254 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $27,608,354 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $27,608,354 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $414,125 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $27,194,229 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,359,711 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,359,711 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $206,407 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $206,407 | TotalTaxAmt |
| Distributable Before Adj | $1,153,304 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,153,304 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,153,304 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,221,858 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,221,858 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,153,304 | 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 Yr4 | $295,967 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $48,826 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $37,895 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $382,688 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,221,858 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $1,153,304 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $68,554 | RemainingDistriFromCorpusAmt |
| Total Corpus | $451,242 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $451,242 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $295,967 | ExcessFromYear4Amt |
| Excess From Year2 | $48,826 | ExcessFromYear2Amt |
| Excess From Year1 | $37,895 | ExcessFromYear1Amt |
| Excess From Current Year | $68,554 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | DAVID M JAFFE DOUGLAS W JAFFE K | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | Address Line2RecipientUSAddress/AddressLine2Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|---|
| Guilford Foundation | ||||||||
| 44 Boston Street | PO Box 35 | Guilford | CT | 06437 | NONE | PC | GENERAL SUPPORT | $50,317 |
| Friends Center for Children | ||||||||
| 227 E Grand Ave | Guilford | CT | 06437 | NONE | PC | GENERAL SUPPORT | $100,000 | |
| Women's Health Research at Yale | ||||||||
| PO Box 2038 | NEW HAVEN | CT | 065212038 | NONE | PC | GENERAL SUPPORT | $50,000 | |
| Kent State University | ||||||||
| 207 Schwartz Center | PO Box 5190 | Kent | OH | 44242 | none | PC | GENERAL SUPPORT | $50,964 |
| The Teaching Lab | ||||||||
| 1802 Vernon St NW | Washington | DC | 20009 | NONE | PC | GENERAL SUPPORT | $750,623 | |
| Rutgers The State University | ||||||||
| 33 Knightsbridge Rd | Piscataway | NJ | 08854 | NONE | PC | GENERAL SUPPORT | $63,133 | |
| University of Florida Foundation | ||||||||
| 33 Tigert Hall | PO Box 113001 | Gainesville | FL | 32611 | NONE | PC | GENERAL SUPPORT | $48,020 |
| Paloma Learning Inc | ||||||||
| 1802 Vernon St NW | Alameda | CA | 20009 | NONE | NC | This Grant serves to cover costs related to investigating the efficacy of Paloma Learning in Title I schools, as outlined in the attached documentation. | $100,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,213,057 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Paloma Learning Inc | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1018 Paru Street | AddressLine1Txt |
| City | Alameda | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94501 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | NC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | This Grant serves to cover costs related to investigating the efficacy of Paloma Learning in Title I schools, as outlined in the attached documentation. | GrantOrContributionPurposeTxt |
| Amt | $100,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $200,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| 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 | $376,220 | 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 | $14,580,929 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $14,957,149 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $14,957,149 | 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 (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| DAVID M JAFFE | ||||||
| 1 | 100 Market Street Suite 302 | Portsmouth | NH | 03801 | $18,250,506 | Yes (X) |
| DOUGLAS W JAFFE | ||||||
| 2 | 100 Market Street Suite 302 | Portsmouth | NH | 03801 | $3,301,080 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | Various - See Attached Total Basis: $1,432,612.31 | $18,250,506 | 2024-09-17 |
| 2 | Various - See Attached Total Basis: $230,605.57 | $3,301,080 | 2024-09-17 |
Acty Not Previously Rpt Expln ActyNotPreviouslyRptExpln
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | During the tax year ended December?31,?2024, the foundation engaged in a new activity not previously reported to the IRS: making a grant requiring expenditure responsibility under IRC??4945(h). The foundation followed the procedures described in Treas.?Reg.??53.4945-5, including executing a written grant agreement with required restrictions, obtaining annual grantee reports, and maintaining appropriate records. All required disclosures are included on Schedule?I and in the attached expenditure responsibility report for the grantee. | ExplanationTxt |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (48 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ADVANCED MICRO DEVICES | $114,727 | $728,122 |
| ADVISORS SER PZENA INTL | $579,000 | $582,280 |
| AMERICAN EXPRESS COMPANY | $6,456 | $176,293 |
| APPLE, INC. | $1,197 | $543,161 |
| ARTISAN INT'L VALUE FUND | $1,151,048 | $1,242,559 |
| ARTISAN PARTNERS FDS | $860,000 | $859,056 |
| BAIDU INC SPON ADR | $4,153 | $48,900 |
| BROADCOM, INC. | $154,614 | $2,973,116 |
| CHUBB LTD | $12,485 | $111,073 |
| COOPER COS INC COM | $2,570 | $78,508 |
| COSTCO WHOLESALE CORP. | $83,370 | $2,254,940 |
| DANAHER CORP | $10,297 | $138,189 |
| ELI LILLY & CO | $28,562 | $386,772 |
| FINANCIAL INVS TR INTL FD | $579,000 | $575,805 |
| GOLDMAN SACHS TR II GQG PRTNR | $1,390,000 | $1,394,992 |
| GRANDEUR PEAK INT'L OPPORTUN. | $79,580 | $61,879 |
| HARBOR FD MID CP FD INST | $1,265,000 | $1,265,867 |
| HOME DEPOT | $43,173 | $672,175 |
| HONEYWELL INTERNATIONAL INC | $9,486 | $146,828 |
| INTUITIVE SURGICAL, INC. | $6,161 | $548,058 |
| INVESCO FTSE RAFI US | $2,468,228 | $2,443,394 |
| JP MORGAN CHASE & CO | $15,554 | $191,768 |
| LAM RESEARCH CORP | $4,312 | $59,662 |
| LOWES COMPANIES, INC. | $16,384 | $256,178 |
| MAGR DIR. PTFLO. HOOD RIV SMAL | $949,000 | $941,154 |
| MASTERCARD, INC. | $25,212 | $395,981 |
| META PLATFORMS INC. | $55,062 | $848,404 |
| MICROSOFT | $143,164 | $1,418,769 |
| NESTLE SA-REG | $3,568 | $41,561 |
| NIKE, INC. B | $3,956 | $159,739 |
| PALO ALTO NETWORKS | $16,950 | $149,571 |
| PAYCHEX, INC. | $6,889 | $111,615 |
| PIMCO INCOME FUNDS | $138,953 | $134,109 |
| PROLOGIS, INC. | $8,036 | $106,546 |
| RBB FD INC BP ALL CAP INST | $2,029,681 | $1,916,658 |
| ROBECO BOSTON ALL-CAP VALUE | $0 | $0 |
| RBC FDS TR EMKT EQTY I | $1,159,000 | $1,148,487 |
| STIFEL FINANCIAL CORP | $1,312 | $19,943 |
| TAIWAN SEMICONDUCTOR MFG. | $106,679 | $2,356,846 |
| VERALTO CORP | $1,361 | $20,472 |
| VANGUARD 500 INDEX FUND | $2,353,891 | $3,696,326 |
| VANGUARD EMERGING MKTS ADM FUN | $123,225 | $132,718 |
| VANGUARD EXPLORER FUND | $298,668 | $316,752 |
| VANGUARD EXPLORER VALUE FUND | $172,034 | $172,576 |
| VANGUARD FTSE ALL WORLD ADM FD | $368,620 | $413,324 |
| VANGUARD INDEX FDS S&P 500 | $5,305,855 | $5,229,690 |
| VANGUARD INTERMED BD IDX ADM F | $158,800 | $155,592 |
| VANGUARD TOTAL STOCK MKT IND | $1,879,682 | $3,433,597 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (7 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| OKO LABS, INC | AT COST | $200,000 | $200,000 |
| EDLIGHT PBC | AT COST | $152,500 | $152,500 |
| MS PRIVATE MARKETS FUND IV | AT COST | $273,421 | $329,458 |
| DIFFIT, INC. | AT COST | $100,000 | $100,000 |
| CHALK TALK SOLUTIONS, INC. | AT COST | $127,423 | $127,423 |
| BRISK LABS, CORP | AT COST | $100,000 | $100,000 |
| COHERENCE FUND | AT COST | $738,512 | $738,512 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL SERVICES | CategoryTxt |
| Legal Fees | $33,236 | LegalFeesAmt |
| Disbursements Charitable Prps | $8,801 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| APPRECIATION ON CONTRIBUTED STOCK | $19,888,367 |
| GRANTS APPROVED, NOT DISBURSED IN CY | $100,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FILING FEE | $25 | |
| REGISTERED AGENT FEES | $200 | |
| MS PRIVATE MARKETS FUND IV | $17,975 | $17,974 |
| DEPOSITORY FEE | $23 | $23 |
| INSURANCE | $2,373 | |
| COHERENCE FUND | $13,166 | $13,166 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONDIVIDEND DISTRIBUTIONS | Desc |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | APPRECIATION ON GRANTED STOCK | Desc |
| Amt | $799,040 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| MARKET STREET TRUST COMPANY | $54,962 | $54,962 |
| LAZARD INVESTMENT ADVISORS | $11,943 | $11,943 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|
| DAVID M JAFFE | |||
| 100 Market Street Suite 302 | Portsmouth | NH | 03801 |
| DOUGLAS W JAFFE | |||
| 100 Market Street Suite 302 | Portsmouth | NH | 03801 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FORIEGN TAXES - 1099 | $9,640 | $9,640 |
| FEDERAL ESTIMATED TAXES | $9,500 |
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