Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
MERVAT ZAHID CULTURAL FOUNDATION
C/O AMIRA ZAHID
Number and street (or P.O. box number if mail is not delivered to street address)96 LEWIS STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GREENWICH, CT06830
A Employer identification number

46-2975291
B Telephone number (see instructions)

(203) 861-9201
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$14,480,066J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 191,434
2 Check right arrow.............
3 Interest on savings and temporary cash investments 25,348 25,348 25,348
4 Dividends and interest from securities... 49,212 49,212 49,212
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,229
b Gross sales price for all assets on line 6a 746,284
7 Capital gain net income (from Part IV, line 2)... 1,229
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 267,223 75,789 74,560
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
33,780 0 33,780 33,780
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
92,015 0 92,015
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,210 0 1,210 403
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
246,069 16,828 246,069 93,510
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 373,074 16,828 373,074 127,693
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 373,074 16,828 373,074 127,693
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -105,851
b Net investment income (if negative, enter -0-) 58,961
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 112,601 100,647 100,647
2 Savings and temporary cash investments......... 85,575 129,087 129,087
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 739,240 Click to see attachment
List of Attached Documents:
// Content
970,715 		954,060
b Investments—corporate stock (attach schedule)....... 1,188,662 Click to see attachment
List of Attached Documents:
// Content
922,637 		1,880,576
c Investments—corporate bonds (attach schedule)....... 447,989 Click to see attachment
List of Attached Documents:
// Content
397,528 		386,686
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow4,927,407
Less: accumulated depreciation (attach schedule) right arrow558,514 4,421,291 Click to see attachment
List of Attached Documents:
// Content
4,368,893 		4,368,893
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,339,233 		Click to see attachment
List of Attached Documents:
// Content
3,339,233 		Click to see attachment
List of Attached Documents:
// Content
6,660,117
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,334,591 10,228,740 14,480,066
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 10,334,591 10,228,740
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 10,334,591 10,228,740
30 Total liabilities and net assets/fund balances (see instructions). 10,334,591 10,228,740
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
10,334,591
2
Enter amount from Part I, line 27a .....................
2
-105,851
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
10,228,740
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,228,740
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 200 SH CORTEVA INC P 2023-01-17 2023-07-28
b 85 SH UNION PAC CORP P 2023-05-24 2023-08-21
c 250 SH ABBOTT LABS P 2023-01-17 2023-09-20
d 225 SH BRISTOL MYER SQUIBB CO P 2023-05-24 2023-09-20
e 100 SH KEYSIGHT TECHN INC P 2023-05-24 2023-09-20
125 SH NIKE INC P 2023-05-24 2023-09-20
150 SH VERIZON COMMUNICATIONS P 2023-01-17 2023-09-20
148 SH DISNEY WALT CO P 2020-06-15 2023-01-17
33 SH DOLLAR GENERAL CP COM P 2019-02-28 2023-01-17
15 SH HOME DEPOT INC P 2017-07-26 2023-01-17
25 SH JPM CHASE & CO P 2020-04-14 2023-01-17
25 SH ORACLE CORP P 2020-10-26 2023-01-17
300 SH MEDTRONIC PLC P 2017-10-14 2023-01-17
100 SH CISCO SYS INC P 2017-07-20 2023-02-16
50000 WHIRLPOOL CORP 3.7% P 2017-08-31 2023-03-01
200 SH AGCO CORP P 2021-06-29 2023-05-24
325 SH AKAMAI TECHN INC P 2021-03-15 2023-05-24
100 SH FEDEX CORP P 2021-03-15 2023-05-24
250 SH FISERV INC P 2018-08-20 2023-05-24
450 SH TYSON FOODS INC P 2018-08-20 2023-05-24
1500 SH WILLAIMS CO INC P 2021-08-13 2023-07-13
35 SH ABBVIE INC P 2020-04-14 2023-07-28
325 SH BANK OF AMERICA CORP P 2019-08-19 2023-07-28
75 SH DOLLAR GENERAL CP COM P 2019-02-28 2023-07-28
100 SH DOW INC P 2021-08-13 2023-07-28
100 SH NEWMONT MNG CORP P 2019-10-18 2023-07-28
150 SH TRUST FINL CORP P 2022-05-31 2023-07-28
50 SH VERIZON COMM P 2020-04-14 2023-07-28
25 SH ARISTA NETWORKS INC P 2020-10-26 2023-08-01
50 SH ABBVIE INC P 2020-03-16 2023-08-21
200 SH CISCO SYS INC P 2017-07-20 2023-08-21
500 SH DOW INC P 2021-08-13 2023-08-21
15 SH HOME DEPOT INC P 2017-07-26 2023-08-21
350 SH TRUIST FINL CORP P 2022-05-31 2023-08-21
200 SH VERIZON COMM P 2020-04-14 2023-08-21
350 SH WALGREENS BOOTS ALLIANCE INC P 2021-07-14 2023-08-21
200 SH VERIZON COMM P 2020-04-14 2023-09-20
10 SH VISA INC P 2017-07-26 2023-09-20
400 SH WALGREENS BOOTS ALLIANCE INC P 2021-07-14 2023-09-20
125,000 US T NOTES 1.625% P 2018-10-31 2023-10-31
700 SH AT&T INC P 2005-09-19 2023-07-20
30 SH CHARTER COMM INC P 2009-11-30 2023-08-21
25 SH APPLE COMPUTERS INC P 2008-02-28 2023-09-20
50 SH MERCK & CO INC P 2004-12-09 2023-09-20
10 SH UNITEDHEALTH GRP INC P 2010-03-04 2023-09-20
31 SH COVESTRO AG SPON ADR P 2022-02-04 2023-01-09
55 SH NEWCREST MNG LTD SPD ADR P 2022-08-29 2023-01-09
9 SH NEWCREST MNG LTD SPD ADR P 2022-08-29 2023-02-06
6 SH TELEPREFORMANCE SA P 2022-10-18 2023-02-16
13 SH MARUBEN CORP ADR P 2022-08-16 2023-03-03
54 SH STANDARD CHARTERED PLC P 2021-03-31 2023-01-05
53 SH STANDARD CHARTERED PLC P 2019-10-18 2023-01-19
9 SH COVESTRO AG SPON ADR P 2021-10-18 2023-02-06
45 SH NEWCREST MNG LTD SPD ADR P 2021-10-18 2023-02-10
47 SH STANDARD CHARTERED PLC P 2021-03-24 2023-03-03
101 SH COVESTRO AG SPON ADR P 2021-03-31 2023-03-03
41 SH DAIWA HOUSE IND LTD P 2018-11-20 2023-03-03
15 SH TOYOTA MTR CORP ADR P 2012-02-09 2023-03-03
336 SH BARCLAYS PLC SPONS ADR P 2022-01-11 2023-03-21
113 SH NINTENDO LTD ADR P 2021-06-01 2023-04-05
65 SH SEVEN & I HLDGS CO LTD P 2014-05-01 2023-04-20
9 SH TOYOTA MTR CORP ADR P 2012-02-09 2023-04-20
49 SH SMITH & NEPHEW PLC SPON ADR P 2018-05-18 2023-05-23
64 SH SEVEN & I HLDGS CO LTD P 2014-05-01 2023-05-24
24 SH TELEPERFORMANCE SA P 2019-05-14 2023-06-06
75 SH DAIWA HOUSE IND LTD P 2019-08-18 2023-06-07
7 SH AVANTEST CORP P 2021-12-21 2023-06-20
314 SH ENEL SOCIETA PER AZIONI P 2021-04-23 2023-08-11
8 SH ADVANTEST CORP P 2021-12-21 2023-08-11
11 SH MAUBENI CORP ADR P 2021-12-21 2023-09-01
7 SH ADVANTEST CORP P 2021-12-21 2023-09-01
53 SH CAMECO P 2018-08-16 2023-09-01
202 SH NINTENDO LTD ADR P 2018-08-16 2023-09-01
494 SH CK HUTCHISON HLDGS LTD P 2018-08-16 2023-09-05
287 SH ADYEN N V UNSPON ADS P 2018-08-16 2023-09-12
67 SH KONINKLUKE AHOLD DELHAIZE NV SPON P 2018-08-16 2023-09-12
7.2 SH SANDOZ GROUP AG SPON P 2018-08-16 2023-10-17
.6 SH SANDOZ GROUP AG SPON P 2022-07-28 2023-10-20
91 SH CAMECO CORP P 2016-08-11 2023-11-07
15 SH NOVO NORDISK A S ADR P 2012-06-25 2023-11-07
.2 SH NEWMONT MNG CORP P 2021-10-18 2023-11-13
6.8 SH SANDOZ GROUP AG SPON P 2006-06-29 2023-10-17
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 11,186   12,672 -1,486
b 19,119   16,540 2,579
c 25,225   28,428 -3,203
d 13,225   14,894 -1,669
e 13,310   15,582 -2,272
11,769   13,569 -1,800
5,043   6,227 -1,184
14,775   16,207 -1,432
7,626   3,925 3,701
4,957   2,203 2,754
3,514   2,372 1,142
2,229   1,449 780
24,095   30,302 -6,207
5,121   3,194 1,927
50,000   50,000 0
23,055   25,627 -2,572
28,165   32,089 -3,924
22,449   27,132 -4,683
29,304   25,493 3,811
23,221   26,432 -3,211
51,345   35,972 15,373
5,301   2,889 2,412
10,424   8,935 1,489
12,730   8,921 3,809
5,577   8,372 -2,795
4,231   3,845 386
4,947   7,405 -2,458
1,706   2,885 -1,179
4,431   1,333 3,098
7,479   3,900 3,579
11,074   6,387 4,687
27,045   31,862 -4,817
4,881   2,203 2,678
9,969   17,278 -7,309
8,590   11,540 -2,950
9,231   16,301 -7,070
6,724   11,540 -4,816
2,436   1,002 1,434
8,805   18,630 -9,825
125,000   125,000 0
10,132   12,898 -2,766
12,637   1,264 11,373
4,482   116 4,366
5,416   886 4,530
4,827   329 4,498
710   943 -233
866   672 194
153   110 43
839   788 51
1,794   1,249 545
906   765 141
863   738 125
206   296 -90
763   825 -62
817   646 171
2,152   3,283 -1,131
945   1,252 -307
2,087   1,220 867
2,331   3,893 -1,562
1,120   1,722 -602
1,444   1,298 146
1,204   732 472
1,528   1,658 -130
1,497   1,278 219
1,777   2,194 -417
2,006   2,250 -244
959   652 307
2,071   3,303 -1,232
998   745 253
1,863   1,117 746
869   652 217
1,988   516 1,472
2,147   2,819 -672
2,580   4,225 -1,645
2,159   3,646 -1,487
2,080   2,190 -110
233   160 73
19   14 5
3,747   877 2,870
1,528   206 1,322
7   8 -1
220   83 137
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -1,486
b       2,579
c       -3,203
d       -1,669
e       -2,272
      -1,800
      -1,184
      -1,432
      3,701
      2,754
      1,142
      780
      -6,207
      1,927
      0
      -2,572
      -3,924
      -4,683
      3,811
      -3,211
      15,373
      2,412
      1,489
      3,809
      -2,795
      386
      -2,458
      -1,179
      3,098
      3,579
      4,687
      -4,817
      2,678
      -7,309
      -2,950
      -7,070
      -4,816
      1,434
      -9,825
      0
      -2,766
      11,373
      4,366
      4,530
      4,498
      -233
      194
      43
      51
      545
      141
      125
      -90
      -62
      171
      -1,131
      -307
      867
      -1,562
      -602
      146
      472
      -130
      219
      -417
      -244
      307
      -1,232
      253
      746
      217
      1,472
      -672
      -1,645
      -1,487
      -110
      73
      5
      2,870
      1,322
      -1
      137
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,229
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -8,435
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 820
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 820
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 820
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 650
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,650
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 6
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 1,824
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,824 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCT
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowWILLIAM IGNATOWICH Telephone no.right arrow (203) 861-9201

Located atright arrow96 LEWIS STREETGREENWICHCT ZIP+4right arrow06830
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
MERVAT ZAHID CHAIRMAN AND TRUSTEE
5.00 		0 0 0
96 LEWIS STREET
GREENWICH,CT06830
AMIRA ZAHID PRESIDENT
15.00 		0 0 0
96 LEWIS STREET
GREENWICH,CT06830
HODA ZAHID SECRETARY AND TREASURER
2.00 		0 0 0
96 LEWIS STREET
GREENWICH,CT06830
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 THE COSTS INCURRED TO PROVIDE STORAGE SPACE FOR THE DAHESH MUSEUM OF ART. 76,684
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
3,122,497
b
Average of monthly cash balances.......................
1b
213,955
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
3,336,452
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
3,336,452
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
50,047
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,286,405
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
164,320
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
127,693
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
39,617
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
167,310
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
2014-08-29
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
0 0 0 0 0
b 85% (0.85) of line 2a ......... 0 0 0 0 0
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		167,310 120,783 115,264 110,557 513,914
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		0 0 0 0 0
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		167,310 120,783 115,264 110,557 513,914
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		109,547 108,724 115,524 102,710 436,505
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
MERVAT ZAHID
AMIRA ZAHID
HODA ZAHID
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
Total .................................right arrow 3a 0
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 25,348  
4 Dividends and interest from securities ....     14 49,212  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,229  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 75,789 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
75,789
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


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Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
MERVAT ZAHID CULTURAL FOUNDATION
C/O AMIRA ZAHID
Employer identification number

46-2975291
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
MERVAT ZAHID CULTURAL FOUNDATION
C/O AMIRA ZAHID 		Employer identification number
46-2975291
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
HODA ZAHID
96 LEWIS STREET
 
GREENWICH, CT06830

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
AMIRA ZAHID
96 LEWIS STREET
 
GREENWICH, CT06830

$ 87,752


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
MERVAT ZAHID
96 LEWIS STREET
 
GREENWICH, CT06830

$ 3,681


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
MERVAT ZAHID CULTURAL FOUNDATION
C/O AMIRA ZAHID 		Employer identification number

46-2975291
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
MERVAT ZAHID CULTURAL FOUNDATION
C/O AMIRA ZAHID 		Employer identification number

46-2975291
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
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TY 2023 DepreciationSchedule
Name:
MERVAT ZAHID CULTURAL FOUNDATION
 
C/O AMIRA ZAHID
EIN:
46-2975291
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
ORGANIZATION EXPENSES 2013-09-01 12,790 7,961 SL 15.000000000000 853 0 853  
LAND MANCHESTER, CT 2017-12-17 1,327,946   L   0 0 0  
BUILDING MANCHESTER, CT 2017-12-17 3,547,054 458,538 SL 39.000000000000 90,950 0 90,950  
LEASEHOLD IMPROVEMENTS 2023-10-16 39,617   SL 39.000000000000 212 0 212  

TY 2023 InvestmentsCorpBondsSchedule
Name:
MERVAT ZAHID CULTURAL FOUNDATION
 
C/O AMIRA ZAHID
EIN:
46-2975291
Name of Bond End of Year Book Value End of Year Fair Market Value
50000 BERKSHIRE HATHAWAY INC NOTE 50,113 48,610
50000 JOHN DEERE CAP CORP NOTE 50,029 49,354
50000 JPMORGAN CHASE & CO NOTE 50,189 48,263
50000 MORGAN STANLEY FR NOTE 50,037 48,506
50000 SHELL INTL FIN BV NOTE 50,155 48,146
50000 VERIZON COMM INC NOTE 46,771 47,641
50000 WELLS FARGO & CO NOTE 50,097 47,912
50000 WESTPAC BKG CORP NOTE 50,137 48,254

TY 2023 InvestmentsCorpStockSchedule
Name:
MERVAT ZAHID CULTURAL FOUNDATION
 
C/O AMIRA ZAHID
EIN:
46-2975291
Name of Stock End of Year Book Value End of Year Fair Market Value
160 SH AIA GROUP LTD 3,662 5,577
254 SH ALLIANZ SE ADR 3,610 6,789
266 SH ANGLO AMERICAN PLC 2,936 3,341
1198 SH BANCO SANTANDER SA 6,826 4,960
211 SH BNP PARIBAS SPND ADR 5,349 7,294
168 SH CAMECO CORP 1,620 7,241
158 SH COMPASS GROUP PLC 3,623 4,322
74 SH CRH PLC 2,041 5,118
54 SH CYBER ARK SOFTWARE 5,726 11,829
59 SH DBS GROUP LTD 4,884 5,977
412 SH DEUTSCHE TELEKOM AG 7,425 9,899
120 SH HONG KONG EXC 3,484 4,119
103 SH IBERDROLA 3,202 5,402
121 SH KONINKLIJKE AHOLD DELHAIZE 2,787 3,477
95 SH KURITA WATER IND 5,224 7,439
1676 SH LLOYDS TBS GROPU PLC 5,361 4,006
47 SH LVMH MOET HENNESSY LOUIS V 2,559 7,618
1056 SH MITSUBISHI UFJ FINL 5,070 9,094
197 SH MOWI ASA 3,643 3,530
98 SH NESTLE SA SPONA ADR 3,484 11,354
73 SH NOVARTIS AG ADR 4,651 7,371
81 SH NOVO NORDISK A/S 1,110 8,379
318 ORGANE INC ADR 4,687 3,635
99 SH RIO TINTO PLC 4,092 7,372
195 SH ROCHE HLDG LTD SPON ADR 4,612 7,081
171 SH SANOFI 8,915 8,504
55 SH SAP AE-SPON ADR 4,096 8,502
242 SEVEN & I HLDGS CO LTD JPY 4,377 4,802
107 SH SMITH & NEPHEW PLC SP ADR 1,405 2,919
78 SH SONY CORP 2,427 7,386
240 SH STANDARD CHARTER 2,283 4,079
34 SH SUZUKI MOTOR CORP 5,901 5,820
135 SH TOTAL SE 6,382 9,096
34 SH TOYOTA MOTOR CORP ADR 3,846 6,235
386 SH VEOLIA ENVIRONMENT 5,137 6,089
231 SH VINCI SA ADR 5,285 7,253
256 SH VOLVO AB-B SH 3,664 6,648
544 Z HOLDINGS CORP 4,448 3,856
200 SH ABBVIE INC 15,599 30,994
620 SH ALPHABET INC 38,178 86,608
975 SH APPLE INC 4,538 187,717
160 SH APTIV PLC 11,793 14,355
375 SH ARIST NETWORKS INC 20,002 88,316
775 SH BANK OF AMERICA 18,183 26,094
182 SH BERKSHIRE HATHAWAY INC CL B 31,512 64,912
800 SH BOSTON SCIENTIFIC CORP 29,319 46,248
50 SH CHARTER COMM INC 2,107 19,434
325 SH CHEVRON CORP 27,976 48,477
500 SH CISCO SYSTEMS INC 15,951 25,260
394 SH COMCAST CORP 3,367 17,277
85 SH CUMMINS INC 12,718 20,363
135 SH HOME DEPOT INC 19,830 46,784
135 SH HONEYWELL INTL INC 17,332 28,311
300 SH JPMORGAN CHASE & CO 20,487 51,030
750 SH MERCK & CO INC 13,285 81,765
500 SH NEWMONT GOLD CORP 19,227 20,695
225 SH ORACLE CORP COM 4,952 23,722
300 SH PAYPAL HOLDINGS INC 15,825 18,423
300 SH PHILLIP MORRIS INTL INC 10,264 28,224
225 SH PROCTOR & GAMBLE CO 26,053 32,972
400 SH RXT CORP 6,751 33,656
100 SH SALEFORCE COM 18,891 26,314
175 SH UNITED HEALTH GROUP INC 5,762 92,132
200 SH VISA INC 20,038 52,070
136 SH WALMART INC 12,964 21,440
150 SH WALT DISNEY CO 12,299 13,544
180 SH ADVANTEST CORP 4,013 6,125
80 SH ASTRAZENECA PLC 4,098 5,388
347 SH COMPAGNIE DE DAINT-GOBAIN 4,759 5,110
32 SH DIAGEO PLC 5,904 4,661
33 SH ESSILORLUXOTTICA 2,937 3,310
384 SH RECKITT BENCKISER PLC 6,310 5,306
160 SH SCHNEIDER ELECT SA UNSPON 4,798 6,426
305 SH SHIN ETSU CHEM CO LTD 5,387 6,400
429 SH TOKIO MARINE HLDGS INC 7,319 10,739
242 SH VOLKSWAGEN AG UNSPON ADR 5,116 3,166
212 SH CROWN CASTLE INTL CORP 17,866 24,420
5 SH ASLM HOLDINGS NV 2,471 3,785
43 SH BLUESCOPE STEEL LTD UNSPONSORED ADR 3,380 4,630
83 SH GSK PLC 3,539 3,076
49 SH HOYA CORP 4,884 6,126
324 SH ING GROEP NV SPONS ADR 4,877 4,866
29 SH MARUBEN CORP 2,764 4,584
125 SH SHELL PLC 7,262 8,225
145 SH SMC CORP 3,532 3,896
177 SH SONIC HEALTHCARE LTD 4,106 3,874
332 SH STELLANTIS NV 4,763 7,509
150 SH APPLIED MATERIALS INC 11,954 24,311
30 SH BLACKROCK INC 16,305 24,354
45 SH BROADCOM INC 19,714 50,231
40 SH MICROSOFT CORP 9,334 15,042
118 SH DHL GROUP ADR 4,076 5,847
210 SH INTESA SANPAOLO SPA 3,260 3,679
99 SH ITOCHU CORP ADR 6,686 8,099
64 SH KERRY GRP PLC 5,540 5,561
59 SH NEWMONT CORP 2,662 2,442
240 SH PRYSMAN SPA-EUR 4,721 5,457
158 SH YARA INTL ASA-USD 3,614 2,810
224 SH YAKULT HONISHA CO LTD 2,683 2,516
50 SH CHARLES RIVE LABORATORIES 10,539 11,820
75 SH CHENIERE ENERGY INC 12,067 12,803
150 SH CORTEVA INC 9,504 7,188
400 SH COTERRA ENERCOTERRA ENEERGY INC 10,912 10,208
235 SH NEXTERA ENERGY INC 17,344 14,274
85 SH UNION PACIFIC CORP 18,117 20,878
175 SH MICROCHIP TECHN INC 13,731 15,782
150 HOLOGIC INC 10,867 10,718
105 SH INFINEON TECHN ADR 3,885 4,384

TY 2023 InvestmentsGovtObligationsSch
Name:
MERVAT ZAHID CULTURAL FOUNDATION
 
C/O AMIRA ZAHID
EIN:
46-2975291
US Government Securities - End of Year Book Value:

970,715
US Government Securities - End of Year Fair Market Value:

954,060
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 LandEtcSchedule2
Name:
MERVAT ZAHID CULTURAL FOUNDATION
 
C/O AMIRA ZAHID
EIN:
46-2975291
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
ORGANIZATION EXPENSES 12,790 8,814 3,976  
LAND MANCHESTER, CT 1,327,946 0 1,327,946  
BUILDING MANCHESTER, CT 3,547,054 549,488 2,997,566  
LEASEHOLD IMPROVEMENTS 39,617 212 39,405  


TY 2023 LegalFeesSchedule
Name:
MERVAT ZAHID CULTURAL FOUNDATION
 
C/O AMIRA ZAHID
EIN:
46-2975291
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 33,780 0 33,780 33,780


TY 2023 OtherAssetsSchedule
Name:
MERVAT ZAHID CULTURAL FOUNDATION
 
C/O AMIRA ZAHID
EIN:
46-2975291
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
BUILDING - ARCHITURE AND ZONING 160,117 160,117 160,117
ART COLLECTION 3,179,116 3,179,116 6,500,000


TY 2023 OtherExpensesSchedule
Name:
MERVAT ZAHID CULTURAL FOUNDATION
 
C/O AMIRA ZAHID
EIN:
46-2975291
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSES 14,955 14,955 14,955 14,955
FOREIGN TAX PAID 1,873 1,873 1,873 1,873
INSURANCE 49,254 0 49,254 16,418
MAINTENANCE 23,984 0 23,984 7,995
MANAGEMENT FEES 16,800 0 16,800 5,600
POSTAGE 80 0 80 27
REAL ESTATE TAXES 85,827 0 85,827 28,609
SECURITY EXPENSE 3,327 0 3,327 1,109
TELEPHONE & INTERNET 6,812 0 6,812 2,271
UTILITIES 42,668 0 42,668 14,223
REGISTRATION 400 0 400 400
OFFICE EXPENSE 89 0 89 30