2026-09-12T03:39:50-05:00 2026-06-30 861065772 DELOITTE TAX LLP 695 TOWN CENTER DRIVE SUITE 1000 COSTA MESA CA 92626 990PF 2025-07-01 137147287 THE KARSH FAMILY FOUNDATION KARS 2138306402 9595 WILSHIRE BLVD SUITE 1010 BEVERLY HILLS CA 90212 BRUCE KARSH TRUSTEE 2138306402 2026-09-10 1 JESSICA KARANTONIS P00969387 7144367100 2025 X 484476642 X 59505004 398 398 4384520 4384520 55653828 55653828 55653828 119543750 60038746 0 0 0 0 0 0 0 0 0 47968051 47968051 47968051 0 0 47968051 71575699 60038746 0 53245892 122291170 122291170 102869344 102869344 102869344 1054958 1054958 1054958 255728783 258259204 258259204 1966 1966 1966 412900943 484476642 484476642 629 629 86942231 86942231 10993947 10993947 97936807 97936807 X 314964136 386539835 314964136 386539835 412900943 484476642 314964136 71575699 0 386539835 0 386539835 PUBLICLY TRADED SECURITIES 55653828 55653828 55653828 55653828 55653828 834539 0 834539 0 834539 864776 0 0 0 864776 0 30237 30237 0 0 0 0 0 0 0 0 0 0 0 1 1 CA 1 0 0 0 0 1 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CAROLWOOD DRIVE LOS ANGELES CA 90077 1035000 X X 18 CAROLWOOD LIQUID INVESTMENTS LLC 320 CAROLWOOD DRIVE LOS ANGELES CA 90077 1321800 X X 19 CAROLWOOD LIQUID INVESTMENTS LLC 320 CAROLWOOD DRIVE LOS ANGELES CA 90077 2107500 X X 20 CAROLWOOD LIQUID INVESTMENTS LLC 320 CAROLWOOD DRIVE LOS ANGELES CA 90077 1845000 X X 21 CAROLWOOD LIQUID INVESTMENTS LLC 320 CAROLWOOD DRIVE LOS ANGELES CA 90077 2845500 X X 22 CAROLWOOD LIQUID INVESTMENTS LLC 320 CAROLWOOD DRIVE LOS ANGELES CA 90077 2906600 X X 1 15,000 GOOGL (CLASS A) SHARES 2931150 2025-08-05 2 50,000 SKE (SKEENA RES LTD) SHARES 776500 2025-08-08 3 771 PONY (PONYAI) SHARES 10894 2025-09-03 4 69,051 HRZRF (HORIZON ROBOTICS) SHARES 85361 2025-09-03 5 100,000 ATAT (ATOUR LIFESTYLE) SHARES 3905000 2025-09-05 6 50,000 TCEHY (TENCENT HLDGS) SHARES 4264500 2025-09-30 7 200,000 WDOFF (WESDOME GOLD) SHARES 3214000 2025-10-08 8 25,000 SLV (ISHARES SILVER TRUST ETF) SHARES 1116750 2025-10-09 9 30,000 GOOGL (ALPHABET CLASS A) SHARES 9699300 2025-11-25 10 1,000,000 NGD (NEW GOLD) SHARES 7340000 2025-11-25 11 50,517 BAM (BROOKFIELD ASSET MGMT CLASS A) SHARES 2629915 2025-11-26 12 2,000,000 - 1908.HK (C&D INT'L INV GROUP) SHARES 4120000 2025-12-08 13 37,500 SLV (ISHARES SILVER TRUST ETF) SHARES 2155500 2025-12-11 14 1000000 1908.HK (C&D INT'L INVESTMENT GROUP 2105000 2025-12-16 15 1,855 CVNA (CARVANA) SHARES 845546 2025-12-16 16 37,500 SLV (ISHARES SILVER TRUST ETF) SHARES 2244188 2025-12-17 17 250,000 ODV (OSISKO DEVELOPMENT CORP.) SHARES 1035000 2026-03-09 18 1,000,000 IAUX (I-80 GOLD CORP.) SHARES - 1321800 2026-03-24 19 250,000 RUPRF (RUPERT RES LTD ORD CAD) SHARES 2107500 2026-04-21 20 250,000 RUPRF (RUPERT RES LTD ORD CAD) SHARES 1845000 2026-06-17 21 1,050,000 ODV (OSISKO DEVELOPMENT CORP.) SHARES 2845500 2026-06-18 22 2,000,000 ODV (I-80 GOLD CORP) SHARES 2906600 2026-06-23 OUT OF CORPUS ELECTION FORM 990-PF, PART XII, LINE 7 PURSUANT TO INTERNAL REVENUE CODE SECTION 4942(H)(2) AND TREASURY REGULATION SECTION 53.4942(A)-3(C)(2)(II), THE ABOVE REFERENCED TAXPAYER HEREBY ELECTS TO TREAT THE PRIOR TAX YEARS' EXCESS DISTRIBUTIONS AS DISTRIBUTIONS OUT OF CORPUS UNDER TREASURY REGULATION SECTION 53.4942(A)-3(D)(1)(III) FOR THE CURRENT YEAR TO SATISFY REQUIREMENTS IMPOSED BY INTERNAL REVENUE CODE SECTION 170(B)(1)(F)(II). EXCESS DISTRIBUTIONS TREATED AS DISTRIBUTIONS OUT OF CORPUS:$9,926,868 FROM TAX YEAR 2020,$19,195,488 FROM TAX YEAR 2021, $13,001,333 FROM TAX YEAR 2022, AND$17,381,315 FROM TAX YEAR 2023TOTAL: $59,505,004THE TAXPAYER HEREBY ELECTS TO TREAT SUCH AMOUNTS AS A DISTRIBUTION OUT OF CORPUS UNDER TREASURY REGULATIONS SECTION 53.4942(A)-3(D)(2). THE TAXPAYER IS ALLOWED TO MAKE SUCH ELECTIONS BECAUSE (1) SUCH AMOUNTS WERE QUALIFYING DISTRIBUTIONS BY THE PRIVATE FOUNDATION UNDER IRC SECTION 4942, (2) SUCH QUALIFYING DISTRIBUTIONS OCCURRED WITHIN THE PRECEDING FIVE YEARS, AND (3) SUCH QUALIFYING DISTRIBUTIONS WERE NOT LATER AVAILED OF FOR ANY OTHER PURPOSE. THESE AMOUNTS ARE INCLUDED ON PART XII, LINE 7 FOR A TOTAL OUT OF CORPUS ELECTION OF $59,505,004. THE TAXPAYER MADE CUMULATIVE QUALIFYING DISTRIBUTIONS OUT OF CORPUS IN THE AMOUNT OF $59,505,004, WHICH IS THE AMOUNT REPORTED ON PART XII, LINE 7. THIS IS AN AMOUNT EQUAL TO 100% OF ALL CONTRIBUTIONS RECEIVED BY THE TAXPAYER DURING TAX YEAR 2025. THE TAXPAYER ALSO HAS NO UNDISTRIBUTED INCOME UNDER INTERNAL REVENUE CODE SECTION 4942(A). AS SUCH, THE TAXPAYER MEETS THE REQUIREMENTS OF INTERNAL REVENUE CODE SECTION 170(B)(1)(A)(VII), 170(B)(1)(F)(II), AND 4942(H) AS A FOUNDATION QUALIFYING FOR THE INCREASED CHARITABLE CONTRIBUTION LIMITS GENERALLY AFFORDED TO PUBLIC CHARITIES. SHIMAO GROUP HLDGS LTD 150090 150090 RKI OVERSEAS FIN 2017 A 258661 258661 RKPF OVERSEAS 2019 A 405095 405095 RKPF OVERSEAS 2020 A 241112 241112 AIRBNB (ABNB) 304779 304779 AIRBUS SE (EADSY) 635493 635493 ALIBABA GROUP HOLDINGS 2835250 2835250 ALPHABET INC. CL A - (GOOGLE) 3123677 3123677 ALPHABET INC. CL C- (GOOGLE) 4434750 4434750 AMAZON 10044332 10044332 BLACKROCK (BLK) 205653 205653 BROOKFIELD CORP (BN) 7731250 7731250 C&D INTL INVT GROUP LTD (C&D INTL) 4549500 4549500 C&D PROPERTY MGMT GROUP CO LTD (C&D) 5115000 5115000 DELIVEROO PLC (ROO) 5115500 5115500 EVERGRANDE PPTY SERVICES (EVGPF) 1135 1135 GREEN DOT CORP (GDOT) 2156000 2156000 I-80 GOLD CORP CAD (IAUX) 598000 598000 INTERACTIVE BROKERS GRO-CL A IBKR 261092 261092 ISHARES SILVER TRUST ETF (SLV) 3281000 3281000 LPL FINANCIAL HOLDINGS (LPLA) 1015419 1015419 MADISON SQUARE GARDEN SPORTS CORP (MSGS) 779592 779592 MAPLEBEAR INC CART 766049 766049 MARVELL TECHNOLOGY INC. (MRVL) 1935000 1935000 META PLATFORMS, INC. (META) 1807582 1807582 MICROSOFT CORPORATION (MSFT) 1060976 1060976 NEW GOLD INC CAD (NGD) 3465000 3465000 NICE LTD - SPON ADR NICE 742022 742022 NVIDIA CORP (NVDA) 911602 911602 OAKTREE SPECIALTY LENDING CORP (OCSL) 5464000 5464000 OCCIDENTAL PETROLEUM (OXY) 6301500 6301500 ORACLE CORP (ORCL) 2186300 2186300 OSISKO DEVELOPMENT CORP (ODV) CAD 856000 856000 PERPETUA RESOURCES CORP (PPTA) CAD 3642000 3642000 PINDUODUO INC SPON ADR (PDD) 5233000 5233000 PURE STORAGE INC (PSTG) 4318500 4318500 PWVISTRY GROUP PLC (BVHMF) 437100 437100 ROBINHOOD MARKETS INC - A HOOD 546706 546706 RUPERT RESOURCES LTD CAD (RUPRF) 1408000 1408000 SKEENA RESURCES ORD 1592000 1592000 SNOWFLAKE INC CL A (SNOW) 291349 291349 SPROTT PHYSICAL URANIUM TRUST (SRUUF) - CAD 1874000 1874000 TAIWAN SEMICONDUCTOR-SP ADR TSM 718653 718653 UNIVERSAL MUSIC GRO-UNSP ADR UNVGY 448995 448995 URANIUM RTY CORP (UROY) 23750 23750 WESDOME GOLD MINES LTD (WDOFF) 4650658 4650658 XTALPI HOLDINGS LTD (HKG 2228) 1180 1180 ADITUM BIO I 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FMV 216348 216348 INSZONE (BHMS SPV) FMV 1895359 1895359 INVOPPS FT1 A LLC FMV 11472024 11472024 KAVAK (SERIES B, GREENOAKS SPV) FMV 541997 541997 KAVAK (SERIES C, GREENOAKS SPV) FMV 1359929 1359929 KAVAK (SERIES D, GREENOAKS SPV) FMV 483420 483420 KONA ICE (GARNETT STATION SPV) FMV 115 115 LGF II LP FMV 3606262 3606262 LOCK 8 FMV 3280920 3280920 MANNA TREE PARTNERS FUND I FMV 406691 406691 MARCH CAPITAL OPPORTUNITY FD FMV 371383 371383 MARCH CAPITAL OPPORTUNITY FD II FMV 1949387 1949387 MARCH CAPITAL PARTNERS FUND I FMV 175499 175499 MARCH CAPITAL PARTNERS FUND II FMV 1765888 1765888 MARCH CAPITAL PARTNERS FUND III FMV 866033 866033 MARCH CAPITAL PARTNERS FUND IV FMV 1437113 1437113 MISSION LANE (SERIES 3) FMV 8758901 8758901 NNN PRO (GSP SPV) FMV 1030354 1030354 OAKTREE EMERG MARKETS DEBT TTL RETURN FMV 672898 672898 OAKTREE EMERG MARKETS OPPT F II FMV 62481 62481 OAKTREE GLOBAL CREDIT FUND FMV 18842976 18842976 OAKTREE LIFE SCIENCES DIRECT LENDING FUND FMV 3146915 3146915 OAKTREE OPPORTUNITIES FUND XI FMV 6669410 6669410 OAKTREE OPPORTUNITIES FUND XII FMV 4511435 4511435 OAKTREE POWER OPPORTUNITIES FUND VII FMV 777644 777644 OAKTREE POWER OPPT FUND III FMV 12940 12940 OAKTREE POWER OPPT FUND V FMV 791238 791238 OAKTREE SBIC LLC FMV 2479586 2479586 OAKTREE SPECIAL SIT FUND II FMV 2905648 2905648 OUTBACK FRANCHISEE DEBT (GARNETT STATION SPV) FMV 108118 108118 PARADIGM ONE FMV 2314054 2314054 PERPLEXITY FMV 1990656 1990656 PINEGROVE FMV 4016771 4016771 QED FUND VI FMV 2162496 2162496 QED FUND VII FMV 1246115 1246115 QED GROWTH FUND FMV 933414 933414 RAINE PARTNERS III LP FMV 629141 629141 RCM BELLEVUE (RUBEN SPV) FMV 899000 899000 RCM LADY BIRD PREF (RUBEN SPV) FMV 414000 414000 REDF III, LP (OAKTREE REAL ESTATE DEBT FUND III, LP) FMV 1554796 1554796 REVOLUT (GREENOAKS SPV) FMV 1557368 1557368 RS PHOENIX LLC FMV 2007708 2007708 SCHF CIF 2024, LP FMV 1922387 1922387 SCHF US, LP FMV 58028139 58028139 SEQUOIA CAP CHINA GROWFND III FMV 62200 62200 SEQUOIA CAP CHINA GROWTH 2010 FMV 80761 80761 SEQUOIA CAP CHINA VENTURE 2010 FMV 153660 153660 SEQUOIA CAP US GROWTH FUND VI FMV 160176 160176 SEQUOIA CAP US VENT 2010-SEED F FMV 822306 822306 SEQUOIA CAPITAL CHINA EXPANSION PARTNERS I FMV 216310 216310 SEQUOIA CAPITAL CHINA GROWTH PARTNERS VI FMV 2331286 2331286 SEQUOIA CAPITAL CHINA GROWTH PARTNERS VII FMV 789132 789132 SEQUOIA CAPITAL CHINA SEED PARTNERS III FMV 277363 277363 SEQUOIA CAPITAL CHINA VENTURE PARTNERS IX FMV 1132233 1132233 SEQUOIA CAPITAL CHINA VENTURES PARTNERS VIII FMV 610050 610050 SEQUOIA CAPITAL US GROWTH VIII FMV 1068160 1068160 SEQUOIA CAPITAL US VENTURE 2010 FMV 4269391 4269391 SEQUOIA CAPITAL US VENTURE XVI FMV 633268 633268 SEQUOIA CHINA INFRASTRUCTURE FUND FMV 1428331 1428331 SMASH VENTURES SPV, LLC FMV 3056621 3056621 TECHNICORP II (ASTOR PLACE) FMV 2363944 2363944 TIPALTI (GREENOAKS SPV) FMV 559008 559008 TOAST STRUCTURED NOTE FMV 2095600 2095600 TOPLINE CAPITAL PARTNERS FMV 1892077 1892077 TQ VENTURES II FMV 3331693 3331693 TQ VENTURES III EARLY LP FMV 529427 529427 TQ VENTURES III GROWTH FMV 1852374 1852374 TQ VENTURES IV FMV 343286 343286 TRIP ACTIONS (GREENOAKS SPV) FMV 256009 256009 TRYPERION RE FUND III LP FMV 8441089 8441089 TURN/RIVER FUND V FMV 2199372 2199372 TURN/RIVER FUND VI FMV 438421 438421 TURNER-AGASSI CHARTER SCHOOL FMV 14520 14520 VERTICA I FMV 4174510 4174510 VIDA VENTURES II FMV 2478512 2478512 VIZ.AI (SERIES D, GREENOAKS SPV) FMV 2314576 2314576 WIZ (SERIES D, GREENOAKS SPV) FMV 304642 304642 ZEEV VENTURES V, LP FMV 1667867 1667867 ZETWERK (SERIES D, GREENOAKS SPV) FMV 3677496 3677496 ZETWERK (SERIES E, GREENOAKS SPV) FMV 695797 695797 ZETWERK (SERIES F, GREENOAKS SPV) FMV 475419 475419 INTEREST RECEIVABLE 1966 1966 1966 DEFERRED EXCISE TAXES PAYABLE 1947572 1947572 SPDR S&P 500 ETF (SPY) - SHORT POSITION 4633875 4633875 ISHARES 20+ YEAR TREAS BOND ETF (TLT) - SHORT POSITION 4412500 4412500