2026-05-01T17:40:18-05:00 2025-12-31 330885895 EISNER ADVISORY GROUP LLC 4225 EXECUTIVE SQUARE SUITE 1150 LA JOLLA CA 92037 990PF 2025-01-01 330753690 SAHM FAMILY FOUNDATION SAHM 9498605009 2466 FENDER AVENUE UNIT G FULLERTON CA 92831 ROBERT CUTHBERTSON TREASURER 9498605009 2026-04-20 1 MARY MCGROARTY P00735101 8585589200 2025 2025-03-06 01:10:19Z X 52147700 X X 965159 965159 969397 5217656 969397 533 533 1935089 1935089 190000 130000 60000 279882 31144 248738 70147 8319 61828 54835 27418 27417 129606 105606 24000 271763 236235 19028 25100 7256 17844 272422 232628 39794 1293755 778606 498649 2547500 2547500 3841255 778606 3046149 -1906166 1156483 6927613 6103495 6103495 2504492 0 0 18175715 17884085 27047656 3051295 4562275 4696549 29867071 30070165 14300000 60526186 58620020 52147700 0 0 X 60526186 58620020 60526186 58620020 60526186 58620020 60526186 -1906166 0 58620020 0 58620020 PUBLICILY TRADED SECURITIES 5113876 4135658 978218 978218 PUBLICILY TRADED SECURITIES 103779 112601 -8822 -8822 CAPITAL GAINS DIVIDENDS P 1 1 1 969397 16075 0 16075 0 16075 25087 0 0 0 25087 0 9012 9012 0 0 0 0 0 0 0 0 0 0 0 1 1 CA 1 0 0 1 0 1 SAHMFAMILYFOUNDATION.ORG JULIE CAMERON 9498605009 2466 FENDER AVENUE UNIT G FULLERTON CA 92831 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DAVID A EBERSHOFF 2466 FENDER AVENUE UNIT G FULLERTON CA 92831 DIRECTOR 5.00 30000 0 0 CHRISTOPHER SAHM 2466 FENDER AVENUE UNIT G FULLERTON CA 92831 DIRECTOR 5.00 30000 0 0 ROBERT CUTHBERTSON 2466 FENDER AVENUE UNIT G FULLERTON CA 92831 DIRECTOR, MANAGER OF ENTITLEMENT PROJ 25.00 100000 0 0 NOAH LEVINE 2466 FENDER AVENUE UNIT G FULLERTON CA 92831 DIRECTOR 5.00 30000 0 0 JULIE CAMERON 2466 FENDER AVENUE UNIT G FULLERTON CA 92831 ADMINISTRATOR 40.00 156048 36333 2640 ABIGAIL SAHM 2466 FENDER AVENUE UNIT G FULLERTON CA 92831 ADMINISTRATOR 40.00 123833 26522 0 TERESO GARCIA PO BOX 1194 RANCHO SANTA FE CA 92067 DEL DIOS RANCH EMPLO 40.00 77275 0 0 0 SORRENTO ADVISORS 7428 CAPSTAN DRIVE CARLSBAD CA 92011 CONSULTING SERVICES 60000 0 0 30860112 6606404 14306875 51773391 0 0 51773391 776601 50996790 2549840 2549840 16075 16075 2533765 0 2533765 0 2533765 3046149 0 3046149 2533765 2229317 0 0 3046149 2229317 0 0 816832 0 0 0 0 0 0 0 0 1716933 0 0 0 X ARMORY CENTER FOR THE ARTS 145 NORTH RAYMOND AVE PASADENA CA 91103 N/A PC GENERAL SUPPORT 10000 BOISE ART MUSEUM INC 670 E JULIA DAVIS DR BOISE ID 83702 N/A PC GENERAL SUPPORT 15000 BOYS AND GIRLS CLUB OF VISTA 410 W CALIFORNIA AVE VISTA CA 92083 N/A PC GENERAL SUPPORT 25000 BOYS AND GIRLS CLUBS OF CARLSBAD 2730 BRESSI RANCH WAY CARLSBAD CA 92009 N/A PC GENERAL SUPPORT 10000 BOYS AND GIRLS CLUBS OF NORTHWEST SAN DIEGO 533 LOMAS SANTA FE DR SOLANA BEACH CA 92075 N/A PC GENERAL SUPPORT 10000 BOYS AND GIRLS CLUBS OF PASADENA 3230 E DEL MAR BLVD PASADENA CA 91107 N/A PC GENERAL SUPPORT 15000 CAMP MANITOWISH YMCA 5650 CAMP MANITOWISH LANE BOULDER JUNCTION WI 54512 N/A PC GENERAL SUPPORT 15000 COAST GUARD FOUNDATION 394 TAUGWONK ROAD STONINGTON CT 06378 N/A PC GENERAL SUPPORT 45000 DUKE UNIVERSITY 2001 CAMPUS DRIVE DURHAM NC 27705 N/A PC NASHER MUSEUM OF ART 40000 ELEMENTARY INSTITUTE OF SCIENCE 608 51ST ST SAN DIEGO CA 92114 N/A PC GENERAL SUPPORT 10000 EMILY KRZYZEWSKI FAMILY LIFE CENTER INC 904 WEST CHAPEL HILL STREET DURHAM NC 27701 N/A PC GENERAL SUPPORT 35000 FAR AND WISE INC PO BOX 4282 HAILEY ID 83333 N/A PC GENERAL SUPPORT 65000 FEEDING SAN DIEGO 9455 WAPLES STREET SAN DIEGO CA 92121 N/A PC GENERAL SUPPORT 20000 FLOURISH FOUNDATION PO BOX 2429 KETCHUM ID 83340 N/A PC GENERAL SUPPORT 75000 IDAHO BASECAMPINC PO BOX 183 KETCHUM ID 83340 N/A PC GENERAL SUPPORT 500000 INSTITUTE OF CONTEMPORARY ART SAN DIEGOSD ART INSTITUTE 1439 EL PRADO SAN DIEGO CA 92101 N/A PC GENERAL SUPPORT 100000 LITTLE BROTHERS - FRIENDS OF THE ELDERLY 909 HYDE STREET SUITE 628 SAN FRANCISCO CA 94109 N/A PC GENERAL SUPPORT 25000 MARJAREE MASON CENTER 1600 M STREET FRESNO CA 93721 N/A PC GENERAL SUPPORT 50000 MEALS ON WHEELS 2254 SAN DIEGO AVE STE 200 SAN DIEGO CA 92110 N/A PC GENERAL SUPPORT 45000 MUSEUM OF CONTEMPORARY ART OF SAN DIEGO 700 PROSPECT STREET LA JOLLA CA 92037 PC GENERAL SUPPORT 275000 MUSEUM OF MAKING MUSIC 5790 ARMADA DRIVE CARLSBAD CA 92008 N/A PC GENERAL SUPPORT 12500 NEW VILLAGE ARTS THEATRE INC 2787 STATE STREET CARLSBAD CA 92008 N/A PC GENERAL SUPPORT 10000 OCEAN DISCOVERY INSTITUTE 4255 THORN STREET SAN DIEGO CA 92105 N/A PC GENERAL SUPPORT 10000 OCEAN INSTITUTE 24200 DANA POINT HARBOR DR DANA POINT CA 92629 N/A PC GENERAL SUPPORT 50000 ONCOLOGY AND KIDS 8898 NAVAJO ROAD SUITE C337 SAN DIEGO CA 92119 N/A PC GENERAL SUPPORT 50000 OUTDOOR OUTREACH 5275 MARKET STREET 21 SAN DIEGO CA 92114 N/A PC GENERAL SUPPORT 100000 OUTDOORS EMPOWERED NETWORK 15 SUSSEX STREEET SAN FRANCISCO CA 94131 N/A PC GENERAL SUPPORT 25000 PASADENA CONSERVATORY OF MUSIC 100 N HILL AVE PASADENA CA 91106 N/A PC GENERAL SUPPORT 20000 PATRICK HENRY HIGH SCHOOL FOUNDATION 6702 WANDERMERE DR SAN DIEGO CA 92120 N/A PC GENERAL SUPPORT 5000 PRO KIDS GOLF ACADEMY & LEARNING CENTER 4085 52ND STREET SAN DIEGO CA 92105 N/A PC GENERAL SUPPORT 50000 SAN DIEGO SENIORS COMMUNITY FOUNDATION 626 TARENTO DR SAN DIEGO CA 92106 N/A PC GENERAL SUPPORT 350000 SAWTOOTH BOTANICAL GARDEN INC PO BOX 928 SUN VALLEY ID 83353 N/A PC GENERAL SUPPORT 20000 SPECIAL OPERATIONS WARRIOR FOUNDATION PO BOX 89367 TAMPA FL 33689 N/A PC GENERAL SUPPORT 45000 SUN VALLEY MUSEUM OF ART PO BOX 656 SUN VALLEY ID 83353 N/A PC GENERAL SUPPORT 20000 THE ADVOCATES FOR SURVIVORS OF DOMESTIC VIOLENCE 211 S RIVER STREET HAILEY ID 83333 N/A PC GENERAL SUPPORT 25000 THE CHILDREN'S MUSEUM OF DISCOVERY 320 N BROADWAY ESCONDIDO CA 92025 N/A PC GENERAL SUPPORT 25000 THE FIRST TEE OF FRESNO 7492 N RIVERSIDE DRIVE FRESNO CA 93722 N/A PC GENERAL SUPPORT 50000 THE HUNTINGTON LIBRARY 1151 OXFORD ROAD SAN MARINO CA 91108 N/A PC GENERAL SUPPORT 30000 THE SENIOR CONNECTION 721 THIRD AVENUE SOUTH HAILEY ID 83333 N/A PC GENERAL SUPPORT 60000 THE SPACE IDAHO INC 403 N 1ST AVE HAILEY ID 83333 N/A PC GENERAL SUPPORT 20000 THUNDER DRAGON FUND PO BOX 6123 KETCHUM ID 83340 N/A PC GENERAL SUPPORT 100000 URBAN SURF 4 KIDS ORG 9380 ACTIVITY ROAD STE H SAN DIEGO CA 92126 N/A PC GENERAL SUPPORT 15000 VERDI CHORUS 2630 11TH ST 4 SANTA MONICA CA 90405 N/A PC GENERAL SUPPORT 15000 VOICES FOR CHILDREN 2851 MEADOW LARK DRIVE SAN DIEGO CA 92123 N/A PC GENERAL SUPPORT 25000 WAYCROSS AREA SHELTER FOR ABUSED PERSONS INC PO BOX 1824 WAYCROSS GA 31502 N/A PC GENERAL SUPPORT 5000 WOOD RIVER COMMUNITY YMCA 805 W FRANKLIN STREET BOISE ID 83702 N/A PC GENERAL SUPPORT 25000 2547500 0 14 965159 14 533 18 969397 0 1935089 0 1935089 0 0 0 0 0 0 0 0 0 0 ACCOUNTING FEES 54835 27418 27417 COMPENSATION OF DIRECTORS FORM 990PF, PAGE 6, PART VIII, LINE 1, BOX (C) THE AMOUNT REPORTED IN PART VIII, LINE 1, BOX (C), STATEMENT 14, INCLUDES COMPENSATION PAID TO ROBERT CUTHBERTSON FOR HIS ROLE AS ENTITLEMENT PROJECT MANAGER. AS ENTITLEMENT PROJECT MANAGER, MR. CUTHBERTSON IS RESPONSIBLE FOR MEETING WITH, PROVIDING INPUT TO, AND MAKING DECISIONS WITH ALL CONSULTANTS ON THE PROJECT. HE IS ALSO RESPONSIBLE FOR THE OPERATION AND MAINTENANCE OF DEL DIOS RANCH. BOTH OF THESE ACTIVITIES REPRESENT SUBSTANTIAL RESPONSIBILITIES ASSIGNED TO MR. CUTHBERTSON, FOR WHICH HE IS UNIQUELY QUALIFIED AND FOR WHICH HE HAS BEEN FAIRLY COMPENSATED. DEL DIOS RANCH EXPENSES FORM 990PF, PAGE 1, PART I, LINE 23 IN 2017, THE SAHM FAMILY FOUNDATION RECEIVED ASSETS INCLUDING REAL PROPERTY AS CONTRIBUTIONS. THE MAINTENANCE AND UPKEEP EXPENSES REQUIRED TO MAINTAIN THE VALUE OF THIS PROPERTY ARE REFLECTED IN THE DEL DIOS RANCH EXPENSES. SAHM FAMILY FOUNDATION HAS BEEN WORKING TO SELL THIS PROPERTY. DURING 2020, PART OF THE DONATED REAL ESTATE WAS SOLD. DEL DIOS ENTITLEMENT PROJECT FORM 990PF, PAGE 2, PART II, LINE 15, COLUMN (C) PART OF THE LAND THAT WAS CONTRIBUTED TO THE FOUNDATION HAS NOT YET BEEN SOLD. IT WAS DETERMINED THAT THE PROPERTY WAS NOT SALEABLE FOR A FAIR PRICE WITHOUT THE NECESSARY GOVERNMENTAL ENTITLEMENTS FOR ITS DEVELOPMENT. THEREFORE THE FOUNDATION HAS COMMENCED THE PROCESS OF SEEKING THOSE ENTITLEMENTS IN ORDER TO REALIZE THE FAIR VALUE ATTRIBUTABLE TO THE LAND. THE DEL DIOS RANCH ENTITLEMENT PROJECT ASSET INCLUDED AT PART II LINE 15 DOES NOT HAVE AN ATTRIBUTABLE FAIR MARKET VALUE. THE FOUNDATION HAS DETERMINED THAT THE COSTS SPENT ON THE ENTITLEMENT PROJECT DO NOT HAVE ANY VALUE UNTIL IT REACHES COMPLETION. AS OF THE END OF THIS TAX YEAR, DECEMBER 31, 2025, THE GOVERNMENTAL ENTITLEMENTS HAVE NOT YET BEEN COMPLETED. THE LAND UPON WHICH THE ENTITLEMENT PROJECT IS BEING CONDUCTED IS REPORTED AT THE CONTRIBUTION DATE VALUE (JULY 2017) FOR BOOK PURPOSES. SCHEDULE OF CONTROLLED ENTITIES FORM 990PF, PAGE 5, PART VII-A, LINE 11 CONTROLLED ENTITIES ARE:DEL DIOS RANCH, LLCEIN: 82-1506693ADDRESS: 2466 FENDER AVENUE UNIT G, FULLERTON, CA 92831NOT AN EXCESS BUSINESS HOLDINGDDR EAST, LLCEIN: 20-3975831ADDRESS: 2466 FENDER AVENUE UNIT G, FULLERTON, CA 92831NOT AN EXCESS BUSINESS HOLDING TARGET CORP 75557 79521 BP CAPITAL MARK 76618 78389 S&P GLOBAL INC. 74191 77749 APPLIED MATERIALS 74417 76578 VIRGINIA ELECTRI 75053 76865 CHEVRON U.S.A. 75441 81493 ALPHABET INC. 74851 80324 PHILIP MORRIS I 74565 75572 U.S. BANCORP VAR 101638 107085 META PLATFORMS, I 103781 104824 QUALCOMM INC 100984 106667 PACCAR FINL CORP 72987 74006 BHP BILLITON FIN5.1% 104769 105929 THERMO FISHER SC 102622 107537 ENTERPRISE PRODU 104482 106558 AMERICAN HONDA F 73736 74992 NTNL RURAL UTILI 105215 105482 CONSUMERS ENERGY 104364 105498 KLA CORP 74106 75242 MARSH & MCLENNA 74142 75721 AMERICAN EXPRESS VAR 103464 104970 AMAZON.COM, INC. 103429 104731 DUKE ENERGY FLORI 100612 105715 THE GOLDMAN SACHS 99970 106062 REALTY INCOME CO 104316 106685 METLIFE, INC. 104127 106181 AFLAC INC 103498 107043 GENERAL DYNAMIC 103244 106037 UNITED PARCEL SE 73926 75301 THE TORONTO-DO4.808% 104908 105332 CHUBB INA HOLDI 106927 107641 CITIGROUP INC. VAR 100266 106656 PROLOGIS, L.P. 100667 107043 SIMON PROPERTY GR 99823 106739 WELLS FARGO & CO VAR 100022 106522 WASTE MANAGEMENT 105616 105347 HONEYWELL INTERN 75080 80389 TOYOTA MOTOR CRED 101756 107003 THE HOME DEPOT, 102013 107138 KIMBERLY-CLARK CORP 101903 107966 UNITEDHEALTH GRO 105312 105645 REPUBLIC SERVICE 105528 106905 CISCO SYSTEMS, I 106200 106311 RIO TINTO FIN (USA5% 104100 106319 LOCKHEED MARTIN C 105374 105493 PEPSICO, INC. 103709 106114 AIR PRODUCTS AND 106677 106998 CONOCOPHILLIPS 106289 106231 ISHARES CORE S&P 792484 1167205 ISHARES CORE S&P 500 2464218 6148443 ISHARES RUSSELL MID CAP 272452 613798 SCHWAB FUNDMNTL US LARGE 1004585 1122462 VANGUARD FTSE DEVELOPED 779323 1160636 VANGUARD TOTAL BOND 3050580 3760256 VANGUARD TOTAL STOCK 6855486 10318313 ASHMORE EMERGING MARKETS 290936 285934 PIMCO MORTGAGE OPPORTUNI 1158592 1165306 WILLIAM BLAIR EMERGING M 214970 239652 ADOBE INC 25430 20299 AIR PRODS & CHEMS INC 21456 16797 ALCON INC F 20356 17969 ALPHABET INC 22896 42991 AMERICAN INTL GROUP INC 21371 24296 AMERICAN WTR WKS CO INC 20302 21402 AMERIPRISE FINL INC 33019 28930 AMGEN INC 22732 27167 ATMOS ENERGY CORP 18388 21624 BLACKSTONE INC 25529 21734 CAPITAL ONE FINL CORP 33743 41201 CORTEVA INC 32584 34655 COTERRA ENERGY INC 21445 19056 CULLEN / FROST BANKERS I 18311 16462 DANAHER CORP 21392 19916 ECOLAB INC 24448 26515 GENERAL DYNAMICS CORP 20467 25586 LENNAR CORP 32541 24878 LOWES COS INC 22291 20740 MARTIN MARIETTA MATLS IN 28243 31756 MCCORMICK & CO INC 23101 22817 MEDTRONIC PLC F 15290 16618 MERCK & CO. INC. 18795 20631 MICROCHIP TECHNOLOGY INC 18314 19881 MICROSOFT CORP 36811 40140 MITSUBISHI UFJ FINL GR F 18323 23742 OSHKOSH CORP 13785 17965 PARKER-HANNIFIN CORP 46681 60648 PNC FINL SERVICES 22375 23795 PROCTER & GAMBLE CO 20308 17484 QUALCOMM INC 25418 25486 RPM INTL INC 24453 19968 SONY GROUP CORP F 24411 29773 SYNOPSYS INC 25197 23486 TELEDYNE TECHNOLOGIES IN 20479 20429 THE COCA-COLA CO 20332 22930 TOTALENERGIES F 19444 21589 UBER TECHNOLOGIES INC 17654 22307 US BANCORP DEL 24412 27000 VERIZON COMMUNICATIONS I 20362 21261 WELLS FARGO & CO 20849 26376 XCEL ENERGY INC 20400 22380 EQUITY LIFESTYLE PPTYS I , 16321 14971 DEL DIOS RANCH BUILDING AND LAND 9900000 9900000 DEL DIOS RANCH ENTITLEMENT PROJECT 2556547 2759641 DEL DIOS RANCH / DDR EAST - CAPITALIZED PROPERTY TAXES 707041 707041 INTEREST IN DDR EAST LLC 16703483 16703483 14300000 BANK CHARGES 459 459 0 INVESTMENT EXPENSE - BOND INTEREST PAID 17511 17511 0 DUES & SUBSCRIPTIONS 18560 0 18560 ENTERTAINMENT 201 66 135 FUEL 49 25 24 HOTEL 2049 191 1858 INSURANCE 18749 8906 9843 MEALS 965 314 651 OTHER FINANCE CHARGES 3 3 0 OFFICE SUPLIES 579 167 412 OTHER PAYROLL EXPENSE 1951 564 1387 PARKING/TOLLS 111 56 55 POSTAGE 1894 548 1346 REPAIRS 1379 398 981 TELEPHONE 2913 842 2071 TRAVEL 2050 766 1284 UTILITIES 926 268 658 VEHICLE RENTAL 825 296 529 DEL DIOS RANCH EXPENSE 201248 201248 0 MISCELLANEOUS INCOME 533 533 533 CONSULTING FEES 24000 0 24000 INVESTMENT FEES 98811 98811 0 REAL ESTATE 5250 5250 0 OTHER FEES 1545 1545 0 PAYROLL TAXES 26766 7738 19028 PROPERTY TAXES 226897 226897 0 STATE TAXES 1600 1600 0 FEDERAL EXCISE TAXES 16500 0 0