BETA

TAHBAZOF FAMILY FOUNDATION: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
TAHBAZOF FAMILY FOUNDATION (EIN 47-2769035)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-04-03
IRS object ID
202640939349100424
Schema version
2025v4.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2026-04-03T09:50:29-05:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNEStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472769035EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Tahbazof Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlTAHBBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSufi Tahbazof HaririPersonNm
Person TitleSecretaryPersonTitleTxt
Phone8008391754PhoneNum
Signature2026-03-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$12,774FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$375,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$197InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$197InterestOnSavNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$375,197TotalRevAndExpnssAmt
Total Net Invst Incm$197TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Expenses Rev And Expnss$8,301OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$8,301OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$8,301TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$8,301TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$389,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$389,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$397,801TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$397,801TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$22,604ExcessRevenueOverExpensesAmt
Net Investment Income$197NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$35,378SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$12,774SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$12,774SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$35,378TotalAssetsBOYAmt
Total Assets EOY$12,774TotalAssetsEOYAmt
Total Assets EOYFMV$12,774TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$35,378RetainedEarningBOYAmt
Retained Earning EOY$12,774RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$35,378TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$12,774TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$35,378TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$12,774TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$35,378TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$22,604ExcessRevenueOverExpensesAmt
Subtotal$12,774SubtotalAmt
Tot Net Ast Or Fund Balances EOY$12,774TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3InvestmentIncomeExciseTaxAmt
Subtotal$3SubtotalAmt
Tax Based On Investment Income$3TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$88EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$88TotalPaymentsAndCreditsAmt
Overpayment$85OverpaymentAmt
Applied To ES Tax$85AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Bahador Hariri
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir1.0$0$0$0
Sufi Tahbazof Hariri
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, Sec3.0$0$0$0
Samaneh Tahbazof
Foundation Source 501 Silverside RdWilmingtonDE198091377Pres, Dir1.0$0$0$0
Siavash Tahbazof
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, VP1.0$0$0$0
Yosef Tahbazof
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, Treas1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$23,300AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$23,300TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$23,300AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$350CashDeemedCharitableAmt
Net Vl Noncharitable Assets$22,950NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,148MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,148MinimumInvestmentReturnAmt
Tax Based On Investment Income$3TaxBasedOnInvestmentIncomeAmt
Total Tax$3TotalTaxAmt
Distributable Before Adj$1,145DistributableBeforeAdjAmt
Distributable Before Ded$1,145DistributableBeforeDedAmt
Distributable As Adjusted$1,145DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$397,801ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$397,801QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,145DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$763,757ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$744,140ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$446,021ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$416,933ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$314,811ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$2,685,662TotalExcessDistributionCyovAmt
Qualifying Distributions$397,801QualifyingDistributionsAmt
Applied To Current Year$1,145AppliedToCurrentYearAmt
Remaining Distri From Corpus$396,656RemainingDistriFromCorpusAmt
Total Corpus$3,082,318TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$375,000CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$388,757ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$2,318,561ExcessDistriCyovToNextYrAmt
Excess From Year4$744,140ExcessFromYear4Amt
Excess From Year3$446,021ExcessFromYear3Amt
Excess From Year2$416,933ExcessFromYear2Amt
Excess From Year1$314,811ExcessFromYear1Amt
Excess From Current Year$396,656ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSamaneh TahbazofContributingManagerNm
Contributing ManagerSiavash TahbazofContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CHILDRENS HEALTH COUNCIL INC
650 CLARK WAYPALO ALTOCA94304N/APCCharitable Event$2,500
DIASPORA ARTS CONNECTION INC
52 GOLF CLUB ROAD STE 126PLEASANT HILLCA94523N/APCCharitable Event$5,000
FAMILY CONNECTIONS CENTERS
2565 SAN BRUNO AVESAN FRANCISCOCA94134N/APCGeneral & Unrestricted$5,000
FARHANG FOUNDATION
PO BOX 491571LOS ANGELESCA90049N/APCGeneral & Unrestricted$27,500
FARHANG FOUNDATION
PO BOX 491571LOS ANGELESCA90049N/APCCharitable Event$75,000
IRANIAN SCHOLARSHIP FUND
PO BOX 7531MENLO PARKCA94026N/APC2025 Gala fund$20,000
JOHN BURTON ADVOCATES FOR YOUTH
235 MONTGOMERY STSAN FRANCISCOCA94104N/APCGeneral & Unrestricted$10,000
JOHN BURTON ADVOCATES FOR YOUTH
235 MONTGOMERY STSAN FRANCISCOCA94104N/APCPartner Sponsorship for Memoir & Fellowship Program$10,000
LOS ANGELES FIRE DEPARTMENT FOUNDATION
1700 STADIUM WAY STE 100LOS ANGELESCA90012N/APCWildfire Emergency Fund$5,000
LUCILE PACKARD FOUNDATION FOR CHILDRENS HEALTH
400 HAMILTON AVE SUITE 340PALO ALTOCA94301N/APCCharitable Event$5,000
LUCILE PACKARD FOUNDATION FOR CHILDRENS HEALTH
400 HAMILTON AVE SUITE 340PALO ALTOCA94301N/APC17th Annual Lunch and Learn - Teen Van fund$25,000
LUCILE PACKARD FOUNDATION FOR CHILDRENS HEALTH
400 HAMILTON AVE SUITE 340PALO ALTOCA94301N/APCTahbazof Family Endowed Fund for the Teen Van 2025 fund$50,000
MISSION NEIGHBORHOOD CENTERS INC
362 CAPP STSAN FRANCISCOCA94110N/APC2025 Helen F. Chavez Legacy Scholarship Fund$5,000
MOMS AGAINST POVERTY
851 BURLWAY RD STE 800BURLINGAMECA94010N/APCCharitable Event$100,000
PARS EQUALITY CENTER
1635 THE ALAMEDASAN JOSECA95126N/APCCharitable Event$10,000
STANFORD UNIVERSITY
PO BOX 20466STANFORDCA94309N/APCThe Stanford Initiative to Cure Hearing Loss fund$30,000
THERE WITH CARE OF THE BAY AREA
2682 MIDDLEFIELD RD STE HREDWOOD CITYCA94063N/APCBloom with Care 2025 Fund-A-Need fund$2,500
WENDER WEIS FOUNDATION FOR CHILDREN
555 BRYANT ST SUITE 300PALO ALTOCA94301N/APCCharitable Event$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$389,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$197ExclusionAmt
FieldValueIRS element (for citing)
Dividends And Interest From Sec DtlDividendsAndInterestFromSecDtl
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp
Gain Sales Ast Oth Than InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$197ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$197TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (3 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
1830 Alemany LLC
15051 Mission StreetSan FranciscoCA94112$50,000Yes (X)
SST Investments LLC
25051 Mission StreetSan FranciscoCA94112$280,000Yes (X)
SYTS Investments LLC
35051 Mission StreetSan FranciscoCA94112$45,000Yes (X)

Depreciation Schedule DepreciationSchedule

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
IdentifierForm 990-PF, Part XII, Line 7IdentifierTxt
Form And Line ReferenceForm 990-PF, Part XII, Line 7FormAndLineReferenceDesc
Medium ExplanationElection to Treat Unused Prior Year Corpus Distributions as Current Year Corpus Distributions Pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), Tahbazof Family Foundation hereby elects to treat, as a current distribution out of corpus, the following unused prior year's distributions that were treated as corpus distributions under Treasury Regulations Section 53.4942(a)-3(d)(1)(iii) in such prior tax year: Tax Year: 2020 Amount: $375,000 By: SUFI TAHBAZOF HARIRI Title: SECRETARY Amount treated as distributions out of corpus to satisfy section 170(B)(1)(F)(II) The Tahbazof Family Foundation (the "Foundation") hereby elects to satisfy the requirements of Internal Revenue Code ("Code") Section 170(b)(1)(F)(ii) in respect of contributions of $375,000 in cash received in the taxable year ending December 31, 2025 (the "Conduit Election Year"). To satisfy the requirements of Code Section 170(b)(1)(F)(ii), a private non-operating foundation must: (A) by the end of the Conduit Election Year, distribute any undistributed income from the year immediately preceding the Conduit Election Year; (B) distribute, in the absence of an election under Code Section 4942(h)(2), any undistributed income from the Conduit Election Year by the end of the Conduit Election Year; and (C) make qualifying distributions treated as distributions out of corpus by no later than the 15th day of the third month of the taxable year following the Conduit Election Year in an amount equal to 100 percent of the contributions received by such foundation in the Conduit Election Year. A. Satisfaction of Minimum Distribution Requirement for the Conduit Election Year. As reported on Part XII, Line 2, column (c), the undistributed income for the year immediately preceding the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2024. B. Timely Satisfaction of Minimum Distribution Requirement for the Taxable Year following the Conduit Election Year. As reported on Part XII, Line 6f, column (d), the undistributed income for the Conduit Election Year is $0. In other words, the Foundation had no undistributed income for 2025. C. Sufficient Timely Qualified Distributions Made Out of Corpus. To satisfy the requirements of Internal Revenue Code Section 170(b)(1)(F)(ii), the Foundation had until March 15, 2026, the 15th day of the third month of the taxable year following the Conduit Election Year, to make distributions out of corpus in an amount equal to 100 percent of the contributions received by it in the Conduit Election Year, $375,000. As reported on Part XII, Line 7, the Foundation is treating $375,000 as a current distribution out of corpus in full satisfaction of the requirements of Code Section 170(b)(1)(F)(ii) in respect of the Conduit Election Year. The Foundation has attached the necessary election, pursuant to Treasury Regulations Section 53.4942(a)-3(c)(2)(iv), to treat $375,000, its total unused prior years' corpus distributions, as a current distribution out of corpus.MediumExplanationTxt

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationAs explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2025, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $389,500. This amount represents 25% or more of the Foundation's net assets of $35,378 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2025. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.ExplanationTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$7,986$7,986
State or Local Filing Fees$25$25
Website Hosting/Support$290$290

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