ERNEST GALLO FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- ERNEST GALLO FOUNDATION (EIN 94-6061537)
- Tax period
- 2024-11-01 to 2025-10-31
- Filed
- 2026-08-27
- IRS object ID
- 202622399349100627
- Schema version
- 2024v5.5
- 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
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- 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 | 2026-08-27T18:27:51-05:00 | ReturnTs |
| Tax Period End | 2025-10-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY ADVISORY GROUP LP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 805 SW BROADWAY STE 1400 | AddressLine1Txt |
| City | PORTLAND | CityNm |
| State Abbreviation | OR | StateAbbreviationCd |
| ZIP | 97205 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-11-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 946061537 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNEST GALLO FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ERNE | BusinessNameControlTxt |
| Phone | 2093413395 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1130 | AddressLine1Txt |
| City | MODESTO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95353 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MATTHEW I FRIEDRICH | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 2093413395 | PhoneNum |
| Signature | 2026-08-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MAGGIE ELLIOTT | PreparerPersonNm |
| PTIN | P01790721 | PTIN |
| Phone | 5032421447 | PhoneNum |
| Preparation | 2026-08-20 | 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $69,690,856 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $1,794,059 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,371,842 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,299,027 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $11,477,685 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,445,800 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $0 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$1,993 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $5,093,086 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,815,649 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $44,458 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $22,229 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $22,229 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $295,409 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $320,352 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $25,716 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $26,581 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $763 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $763 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $366,346 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $369,162 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $22,992 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,536,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,536,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,902,346 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $369,162 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,558,992 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,190,740 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,446,487 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $2,644,667 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,047,428 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,047,428 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $962,201 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $486,181 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $499,810 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $22,726,107 | CorporateStockBOYAmt |
| Corporate Stock EOY | $25,724,043 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $37,906,342 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $4,784,032 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $5,746,405 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $5,703,117 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $12,163,453 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $10,867,143 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $23,534,159 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $43,280,460 | TotalAssetsBOYAmt |
| Total Assets EOY | $44,871,200 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $69,690,856 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $600,000 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $600,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $42,680,460 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $44,871,200 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $42,680,460 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $44,871,200 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $43,280,460 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $44,871,200 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $42,680,460 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,190,740 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $44,871,200 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $44,871,200 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $11,452,907 | $8,031,885 | $3,421,022 | $3,421,022 | |
| ALTERNATIVE INVESTMENTS | $24,778 | $24,778 | $24,778 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,445,800 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $61,806 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $61,806 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $61,806 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $105,037 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $105,037 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $43,231 | OverpaymentAmt |
| Applied To ES Tax | $43,231 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2093413395 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1130 | AddressLine1Txt |
| City | MODESTO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95353 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 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 |
|---|---|---|---|---|---|---|---|---|
| JOSEPH E GALLO | ||||||||
| PO BOX 1130 | MODESTO | CA | 95353 | PRESIDENT | 0.00 | $0 | $0 | $0 |
| MATTHEW I FRIEDRICH | ||||||||
| PO BOX 1130 | MODESTO | CA | 95353 | SECRETARY | 0.00 | $0 | $0 | $0 |
| MARY C GALLO | ||||||||
| PO BOX 1130 | MODESTO | CA | 95353 | TREASURER | 0.00 | $0 | $0 | $0 |
| ERNEST J GALLO | ||||||||
| PO BOX 1130 | MODESTO | CA | 95353 | VICE PRESIDENT | 0.00 | $0 | $0 | $0 |
| CHRISTOPHER D GALLO | ||||||||
| PO BOX 1130 | MODESTO | CA | 95353 | VICE PRESIDENT | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UBS FINANCIAL SERVICES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 301 COMMERCE STREET SUITE 2800 | AddressLine1Txt |
| City | FORT WORTH | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | FINANCIAL MANAGEMENT | ServiceTypeTxt |
| Compensation | $295,409 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $40,593,312 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,204,588 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $23,534,159 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $67,332,059 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $67,332,059 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,009,981 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $66,322,078 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,316,104 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,316,104 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $61,806 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $61,806 | TotalTaxAmt |
| Distributable Before Adj | $3,254,298 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $3,254,298 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $3,254,298 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,558,992 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,558,992 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,254,298 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr1 | $755,050 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $755,050 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,558,992 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,558,992 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $695,306 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $695,306 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $59,744 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $59,744 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $59,744 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JOSEPH E GALLO | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| CHURCH FOR TOMORROW | ||||||
| 212 N SAN JOAQUIN STREET | STOCKTON | CA | 95202 | PC | GENERAL OPERATIONS | $100,000 |
| DE MARILLAC ACADEMY | ||||||
| 175 GOLDEN GATE AVENUE | SAN FRANCISCO | CA | 94102 | PC | GENERAL OPERATIONS | $1,000 |
| GALLO CENTER FOR THE ARTS | ||||||
| 1000 I STREET | MODESTO | CA | 95354 | PC | GENERAL OPERATIONS | $25,000 |
| HOOVER HOUSE | ||||||
| 623 MIRADA AVENUE | STANFORD | CA | 94305 | PC | GENERAL OPERATIONS | $50,000 |
| JOHN BURTON ADVOCATES FOR YOUTH | ||||||
| 235 MONTGOMERY STREET SUITE 1142 | SAN FRANCISCO | CA | 94104 | PC | GENERAL OPERATIONS | $50,000 |
| JORDAN'S GUARDIAN ANGELS | ||||||
| 1121 L STREET SUITE 100 | SACRAMENTO | CA | 95814 | PC | GENERAL OPERATIONS | $100,000 |
| LUCILE PACKARD FOUNDATION FOR CHILDREN'S HEALTH | ||||||
| 400 HAMILTON AVENUE 340 | PALO ALTO | CA | 94301 | PC | GENERAL OPERATIONS | $400,000 |
| STANISLAUS COMMUNITY FOUNDATION | ||||||
| 100 SYCAMORE AVENUE SUITE 200 | MODESTO | CA | 95354 | PC | GENERAL OPERATIONS | $80,000 |
| UNITED SAMARITANS FOUNDATION | ||||||
| 220 SOUTH BROADWAY | TURLOCK | CA | 95380 | PC | GENERAL OPERATIONS | $30,000 |
| UNIVERSITY OF NOTRE DAME | ||||||
| 400 MAIN BUILDING | NOTRE DAME | IN | 46556 | PC | GENERAL OPERATIONS | $1,700,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,536,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,794,059 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $3,299,027 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $5,093,086 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $5,093,086 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $44,458 | Amt |
| Net Investment Income | $22,229 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $22,229 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FPA NEW INCOME FUND | $2,736,721 | $2,841,599 |
| PERFORMANCE TRUST STRATEGIC FUND | $3,009,684 | $2,861,518 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (106 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBVIE INC | $143,896 | $407,299 |
| ADOBE INC | $80,581 | $166,752 |
| AFLAC INC | $42,645 | $77,070 |
| ALPHABET INC | $155,047 | $709,394 |
| AMAZON.COM INC | $114,038 | $271,817 |
| AMER EXPRESS CO | $220,530 | $417,365 |
| AMER FUNDS EUROPACIFIC GROWTH FUND | $2,821,674 | $3,634,837 |
| AMERICAN FUNDS STRATEGIC BOND FUND | $2,798,135 | $2,928,016 |
| ANALOG DEVICES INC | $245,988 | $231,320 |
| APPLE INC | $159,807 | $689,708 |
| APPLOVIN CORP | $35,085 | $354,993 |
| ARCH CAPITAL GROUP LTD | $115,281 | $213,704 |
| ARES MANAGEMENT CORPORATION | $108,804 | $285,077 |
| ARISTA NETWORKS INC | $192,832 | $348,653 |
| AUTOMATIC DATA PROCESSING INC | $49,662 | $40,867 |
| BANK OF AMER CORP | $52,520 | $85,092 |
| BARCLAYS PLC | $62,538 | $74,678 |
| BJS WHSL CLUB HLDGS INC | $62,728 | $52,956 |
| BOOKING HLDGS INC | $112,831 | $294,509 |
| BROADCOM INC | $285,006 | $1,086,712 |
| CADENCE DESIGN SYSTEM | $15,541 | $250,292 |
| CBOE GLOBAL MARKETS INC | $158,298 | $214,444 |
| CHEVRON CORP | $61,571 | $58,356 |
| CHUBB LTD | $133,132 | $133,485 |
| CINTAS CORP | $38,502 | $64,511 |
| CISCO SYSTEMS INC | $59,296 | $63,240 |
| CME GROUP INC | $256,834 | $379,651 |
| CMS ENERGY CORP | $58,909 | $63,400 |
| COMFORT SYSTEMS USA INC | $190,584 | $367,886 |
| CONOCOPHILLIPS | $127,392 | $240,455 |
| CONSTELLATION ENERGY | $58,439 | $62,582 |
| CORPAY INC | $57,864 | $54,153 |
| COSTCO WHOLESALE CORP | $192,268 | $394,658 |
| CUMMINS INC | $161,821 | $411,419 |
| CVS HEALTH CORP | $175,639 | $171,305 |
| DARDEN RESTAURANTS INC | $275,385 | $295,806 |
| DICK'S SPORTING GOODS INC | $276,646 | $284,785 |
| DODGE & COX INTERNATIONAL STOCK FUND | $2,707,952 | $3,704,266 |
| EBAY INC | $138,406 | $222,627 |
| EXLSERVICE HOLDINGS INC | $110,944 | $119,099 |
| EXXON MOBIL CORP | $103,890 | $129,456 |
| FIDELITY 500 INDEX FUND | $3,020,255 | $3,647,188 |
| GE AEROSPACE | $58,600 | $60,554 |
| GOLDMAN SACHS GROUP INC | $57,352 | $79,726 |
| HASBRO INC | $191,023 | $244,268 |
| HOME DEPOT INC | $185,016 | $274,823 |
| HOWMET AEROSPACE INC | $56,567 | $63,227 |
| HUBBELL INC | $149,124 | $240,170 |
| INTL BUSINESS MACH | $62,382 | $72,549 |
| INTUIT | $163,922 | $160,212 |
| JOHNSON & JOHNSON COM | $381,915 | $478,786 |
| JPMORGAN CHASE & CO | $282,603 | $541,971 |
| KLA CORP | $172,472 | $541,515 |
| LABCORP HOLDINGS INC | $59,078 | $63,490 |
| LAMAR ADVERTISING CO | $191,550 | $303,353 |
| MARATHON PETROLEUM CO | $47,438 | $100,963 |
| MASTERCARD INC | $85,422 | $234,044 |
| MCKESSON CORP | $131,125 | $292,082 |
| MEDPACE HOLDINGS INC | $159,383 | $341,003 |
| MEDTRONIC PLC | $143,951 | $157,637 |
| META PLATFORMS INC | $271,412 | $520,625 |
| MICROSOFT CORP | $161,160 | $732,702 |
| MONDELEZ INTL INC | $173,207 | $150,315 |
| MORGAN STANLEY | $231,526 | $451,820 |
| NETFLIX INC | $165,129 | $366,986 |
| NVIDIA CORP | $138,002 | $337,551 |
| OKTA INC | $226,085 | $196,240 |
| OLD REPUBLIC INTL CORP | $173,570 | $370,056 |
| PARKER HANNIFIN CORP | $73,476 | $374,823 |
| PAYCHEX INC | $242,080 | $302,640 |
| PEPSICO INC | $161,675 | $139,370 |
| PHILIP MORRIS INTL INC | $246,861 | $208,124 |
| PINTEREST INC | $162,262 | $153,518 |
| PROCTER & GAMBLE CO | $190,612 | $264,050 |
| PROGRESSIVE CORP | $167,864 | $124,630 |
| PUBLIC SERVICE ENTERPRSE GROUP INC | $244,524 | $364,776 |
| QUALCOMM INC | $70,240 | $91,535 |
| RTX CORP | $62,535 | $81,218 |
| RYMAN HOSPITALITY PPTYS INC | $194,480 | $152,266 |
| S&P GLOBAL INC | $185,017 | $165,164 |
| SALESFORCE INC | $116,369 | $142,184 |
| SCHWAB CHARLES CORP | $174,114 | $199,721 |
| SHOPIFY INC | $60,450 | $92,146 |
| SIMON PPTY GROUP INC | $300,886 | $306,525 |
| SNAP ON INC | $114,608 | $300,317 |
| SPOTIFY TECHNOLOGY | $21,904 | $89,779 |
| STRYKER CORP | $55,057 | $66,261 |
| TAIWAN SEMICONDUCTOR MFG CO | $35,805 | $108,756 |
| TESLA INC | $58,869 | $87,203 |
| TEXAS INSTRUMENTS | $343,992 | $319,207 |
| THERMO FISHER SCIENTIFIC INC | $181,190 | $184,402 |
| TJX COS INC | $188,336 | $368,568 |
| T-MOBILE US INC | $72,250 | $113,007 |
| UBS GROUP AG | $33,585 | $80,441 |
| UNILEVER PLC | $239,437 | $298,904 |
| US FOODS HLDG CORP | $57,302 | $61,291 |
| VEEVA SYSTEMS INC | $125,947 | $179,962 |
| VERTEX PHARMACEUTICAL INC | $98,753 | $145,119 |
| WALMART INC | $122,635 | $211,871 |
| WALT DISNEY CO | $190,736 | $182,219 |
| WASTE CONNECTIONS INC | $48,226 | $62,377 |
| WATERS CORP | $172,350 | $157,670 |
| WATSCO INC | $250,495 | $269,015 |
| WELLTOWER INC | $55,054 | $86,718 |
| WORKDAY INC | $196,583 | $233,682 |
| XCEL ENERGY INC | $49,274 | $56,332 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $486,181 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $499,810 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (9 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ALKEON GROWTH OFFSHORE FUND LTD | AT COST | $0 | $4,393,225 |
| BRAESIDE CAPITAL II LP | AT COST | $696,806 | $875,000 |
| DOUBLE BLACK DIAMOND LTD | AT COST | $910,247 | $914,445 |
| ENTERPRISE PRODUCTS PARTNER LP | AT COST | $250,621 | $332,624 |
| FIRST EAGLE GLOBAL FUNDS CLASS I | AT COST | $4,010,159 | $6,029,522 |
| MAPLE LEAF OFFSHORE PRIVATE INVESTMENT LTD | AT COST | $46,983 | $102,563 |
| NINETEEN77 GLOBAL MULTI-STRATEGY LTD | AT COST | $2,051,848 | $4,197,616 |
| ROBERTSON OPPORTUNITY MASTER LP | AT COST | $400,479 | $2,898,993 |
| SUMMIT TX | AT COST | $2,500,000 | $3,790,171 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| LICENSES & FEES | $200 | $0 | $200 |
| STORAGE | $537 | $0 | $537 |
| AMORTIZATION OF PREMIUMS/DISCOUNTS | $26 | $0 | $26 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ALTERNATIVE INVESTMENTS | Desc |
| Revenue And Expenses Per Books | $0 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | -$1,993 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GRANTS PAYABLE | Desc |
| BOY Book Value | $600,000 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $295,409 | $264,552 | $0 |
| ALTERNATIVE INVESTMENTS | $0 | $55,800 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXCISE TAX | $25,000 | $0 | $0 |
| FOREIGN TAX | $716 | $26,581 | $0 |
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