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
THE EZRAH CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)5970 FAIRVIEW ROAD 705
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE, NC28210
A Employer identification number

81-2608588
B Telephone number (see instructions)

(980) 701-0934
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$464,354,632J 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) 325,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 723,908 723,908  
4 Dividends and interest from securities... 1,201,802 1,201,802  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 20,205,062
b Gross sales price for all assets on line 6a 49,312,920
7 Capital gain net income (from Part IV, line 2)... 20,205,062
8 Net short-term capital gain.........  
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)....... Click to see attachment
List of Attached Documents:
// Content
6,886,375 6,950,749  
12 Total. Add lines 1 through 11........ 29,342,147 29,081,521  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 208,661 0   208,661
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
489,705 420,623   69,082
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
50,618 25,309   25,309
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
264,578 92,453   172,125
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
97,476 31,421   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
40,708 16,341   23,362
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,151,746 586,147   498,539
25 Contributions, gifts, grants paid....... 8,375,348 8,375,348
26 Total expenses and disbursements. Add lines 24 and 25 9,527,094 586,147   8,873,887
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 19,815,053
b Net investment income (if negative, enter -0-) 28,495,374
c Adjusted net income (if negative, enter -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............. 64,693,087 22,968,606 22,968,606
2 Savings and temporary cash investments.........      
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 arrow9,819,093
Less: allowance for doubtful accounts right arrow0 7,425,798 9,819,093 9,218,640
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 188,550,023 Click to see attachment
List of Attached Documents:
// Content
241,348,466 		208,876,519
c Investments—corporate bonds (attach schedule).......      
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).......... 193,087,616 Click to see attachment
List of Attached Documents:
// Content
197,813,505 		209,703,589
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
10,094,566 		Click to see attachment
List of Attached Documents:
// Content
11,731,666 		Click to see attachment
List of Attached Documents:
// Content
13,587,278
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 463,851,090 483,681,336 464,354,632
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...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 463,851,090 483,681,336
29 Total net assets or fund balances (see instructions)..... 463,851,090 483,681,336
30 Total liabilities and net assets/fund balances (see instructions). 463,851,090 483,681,336
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
463,851,090
2
Enter amount from Part I, line 27a .....................
2
19,815,053
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
15,193
4
Add lines 1, 2, and 3 ..........................
4
483,681,336
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
483,681,336
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 BTIG - 1567 P    
b BTIG - 1567 P    
c BTIG - 1567 P    
d BTIG - ARVR P    
e BTIG - ARVR P    
NET FX GAIN BTIG - ARVR P    
PROJECT GLOBAL P 2023-12-31 2023-12-31
PROJECT OCEAN P 2023-12-31 2023-12-31
PROJECT TOKEN P 2023-12-31 2023-12-31
PROJECT GEMINI P 2023-12-31 2023-12-31
PROJECT OPPORTUNITY P 2023-12-31 2023-12-31
PROJECT CHANCE P 2023-12-31 2023-12-31
PROJECT WAVE P 2023-12-31 2023-12-31
PROJECT WRINKLE P 2023-12-31 2023-12-31
PROJECT FRANKLIN P 2023-12-31 2023-12-31
PROJECT MICHAEL P 2023-12-31 2023-12-31
PROJECT EDISON P 2023-12-31 2023-12-31
PROJECT TESLA P 2023-12-31 2023-12-31
PROJECT WATT P 2023-12-31 2023-12-31
PROJECT HERTZ P 2023-12-31 2023-12-31
PROJECT SEA LEVEL P 2023-12-31 2023-12-31
PROJECT ROOFTOP P 2023-12-31 2023-12-31
PROJECT HEALTH P 2023-12-31 2023-12-31
PROJECT WATCH P 2023-12-31 2023-12-31
PROJECT INSIGHT P 2023-12-31 2023-12-31
PROJECT LUCKY P 2023-12-31 2023-12-31
PROJECT JUICE P 2023-12-31 2023-12-31
PROJECT BIG TRUCK P 2023-12-31 2023-12-31
PROJECT ONCE P 2023-12-31 2023-12-31
PROJECT LAW P 2023-12-31 2023-12-31
(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 1,719,953   1,031,068 688,885
b 8,865,580   10,755,489 -1,889,909
c 1,987,921   5,195,241 -3,207,320
d 689   607 82
e 289,472   2,756,393 -2,466,921
269     269
2,257,573     2,257,573
160,951     160,951
1,686,409     1,686,409
545,276     545,276
850,396     850,396
374,780     374,780
    818,115 -818,115
1,044,949     1,044,949
3,482,857     3,482,857
2,205,204     2,205,204
1,263,247     1,263,247
20,024,794     20,024,794
1,261,419     1,261,419
775,225     775,225
294,701     294,701
    326 -326
    39,416 -39,416
    6,213,766 -6,213,766
    2,291,763 -2,291,763
176,718     176,718
    4,813 -4,813
    861 -861
43,945     43,945
592     592
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       688,885
b       -1,889,909
c       -3,207,320
d       82
e       -2,466,921
      269
      2,257,573
      160,951
      1,686,409
      545,276
      850,396
      374,780
      -818,115
      1,044,949
      3,482,857
      2,205,204
      1,263,247
      20,024,794
      1,261,419
      775,225
      294,701
      -326
      -39,416
      -6,213,766
      -2,291,763
      176,718
      -4,813
      -861
      43,945
      592
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 20,205,062
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  
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) 1 396,086
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........................... 3 396,086
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- ..... 5 396,086
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 418,921
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 428,921
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
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 32,835
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow32,835 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 arrowNC
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
 
No
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
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 arrowDAVID I COHEN Telephone no.right arrow (980) 701-0934

Located atright arrow5970 FAIRVIEW ROAD SUITE 705CHARLOTTENC ZIP+4right arrow28210
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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowIN, KS
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(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
 
No
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
Yes
 
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
 
No
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)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
DAVID I COHEN TRUSTEE
5.00 		0 0 0
5970 FAIRVIEW ROAD SUITE 705
CHARLOTTE,NC28210
CHARLENE CHEN EXECUTIVE DIRECTOR
40.00 		288,483 0 0
5970 FAIRVIEW ROAD SUITE 705
CHARLOTTE,NC28210
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
MORRIS JAMES LLP LEGAL SERVICES 369,793
500 DELAWARE AVENUE SUITE 1500
WILMINGTON,DE19899
BROWARD GROVE LLC PROFESSIONAL SERVICES 184,607
5970 FAIRVIEW ROAD SUITE 705
CHARLOTTE,NC28210
KEVIN L MILLER ATTORNEY PLLC LEGAL SERVICES 61,645
1144 WEST FOURTH STREET
WINSTONSALEM,NC27101
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  
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 ENZA CAPITAL II LP - PROMOTES ECONOMIC GROWTH IN AFRICA THROUGH INVESTMENTS IN TECHNOLOGY 1,761,349
2 ENZA CAPITAL LP - PROMOTES ECONOMIC GROWTH IN AFRICA THROUGH INVESTMENTS IN TECHNOLOGY 378,256
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
113,985
Total. Add lines 1 through 3.........................right arrow2,253,590
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
130,665,680
b
Average of monthly cash balances.......................
1b
25,863,716
c
Fair market value of all other assets (see instructions)................
1c
283,100,535
d
Total (add lines 1a, b, and c).........................
1d
439,629,931
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) Click to see attachment
List of Attached Documents:
// Content
.............
1e
616,989
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
439,629,931
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
6,594,449
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
433,035,482
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
21,651,774
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
21,651,774
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
396,086
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
396,086
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
21,255,688
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
21,255,688
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
21,255,688
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
8,873,887
b
Program-related investments—total from Part VIII-B..................
1b
2,253,590
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
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
11,127,477
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 21,255,688
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 9,698,306
b Total for prior years:20 , 20, 20 0
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 ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 11,127,477
a Applied to 2022, but not more than line 2a 9,698,306
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 1,429,171
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(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 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
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...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		19,826,517
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) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
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
 
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
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
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) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
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).)
DAVID I COHEN
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

AMERICAN JEWISH WORLD SERVICES

45 W 36TH ST
NEW YORK,NY10018 		N/A PC GENERAL SUPPORT TO AMERICAN JEWISH WORLD SERVICE'S MISSION TO BUILD A MORE JUST AND EQUITABLE WORLD. 950,000

DIGITAL DIVIDE DATA

266 WEST 37TH STREET SUITE 803
NEW YORK,NY10018 		N/A PC GENERAL SUPPORT FOR DDD'S IMPACT SOURCING MODEL, WHICH EMPOWERS INDIVIDUALS AND BUSINESSES TO BREAK DOWN SOCIAL AND ECONOMIC BARRIERS IN UNDERSERVED COMMUNITIES. 250,000

FOCUSING PHILANTHROPY INC

1637 16TH STREET
SANTA MONICA,CA90404 		N/A PC UNDERWRITING THE COST OF ADMINISTERING THE NEW YORK TIMES COMMUNITIES FUND AND KRISTOF 2022 HOLIDAY IMPACT PRIZE, IN ORDER FOR 100% OF DONATIONS TO GO TO CHARITY / FUNDING FOR NICHOLAS KRISTOF'S SELECTION IN HIS ANNUAL HOLIDAY GIVING COLUMN IN THE NEW YORK TIMES 351,781

FRIENDS OF PARIVAAR INC

699 ARDSLEY RD
SCARSDALE,NY10583 		N/A PC GENERAL SUPPORT FOR PARIVAAR'S CARE FOR CHILDREN IN INDIA WHO ARE HIGHLY VULNERABLE TO EXPLOITATION, VICTIMIZATION AND TRAFFICKING. 750,000

GENERATION YOU EMPLOYED INC

1200 19TH ST NW 1110
WASHINGTON,DC20036 		N/A PC GENERAL SUPPORT FOR GENERATION KENYA'S MISSION TO TRANSFORM EDUCATION TO EMPLOYMENT SYSTEMS TO PREPARE, PLACE AND SUPPORT PEOPLE INTO LIFE-CHANGING CAREERS THAT WOULD OTHERWISE BE INACCESSIBLE. 500,000

MYAGRO FARMS

130 7TH AVENUE 160
NEW YORK,NY10011 		N/A PC GENERAL SUPPORT TO MYAGRO'S TECH-ENABLED SAVINGS MODEL THAT EMPOWERS SMALLHOLDER FARM FAMILIES TO GROW THEIR WAY OUT OF HUNGER AND POVERTY. 500,000

ON HIS PATH

PO BOX 157
DANVILLE,IA52623 		N/A PC GENERAL SUPPORT TO ON HIS PATH'S MISSION TO ERADICATE UNTREATED CLUBFOOT, PARTICULARLY IN DEVELOPING COUNTRIES 25,000

ONE ACRE FUND US

1954 FIRST STREET SUITE 183
HIGHLAND PARK,IL60035 		N/A PC GENERAL SUPPORT TO ONE ACRE FUND'S MISSION TO SUPPORT SMALLHOLDER FARMERS ACROSS AFRICA WITH INPUT LOANS, AGRICULTURAL ADVICE, AND MARKET ACCESS/SUPPORT FOR ONE ACRE FUND'S DIGITAL TRANSFORMATION AND FOR SPECIFIC ENDEAVOURS TO UNDERWRITE ONE ACRE FUND'S SELF-INSURANCE FUND IN MALAWI. 3,290,234

PANORAMA GLOBAL

2101 4TH AVE STE 2100
SEATTLE,WA98121 		N/A PC GENERAL SUPPORT TO CASH COALITION'S MISSION TO MAKE REGENERATIVE AGRICULTURE AND CLIMATE ACTION PROFITABLE FOR SMALLHOLDER FARMERS. 150,000

ROOT CAPITAL INC

130 BISHOP ALLEN DRIVE 2ND FLOOR
CAMBRIDGE,MA02139 		N/A PC GENERAL SUPPORT TO ROOT CAPITAL'S WORK IN PROVIDING FINANCING AND TECHNICAL ASSISTANCE TO SMALL AND GROWING AGRICULTURAL BUSINESSES IN DEVELOPING ECONOMIES. 1,000,000

THE RHODES TRUST CO RHODES HOUSE

RHODES HOUSE SOUTH PARKS ROAD
OXFORD   OX1 3RG
UK 		N/A PC FUNDING TO THE RHODES TRUST FOR THE BENEFIT OF RHODES SCHOLARSHIPS IN AFRICA, WITH A PREFERENCE FOR EAST & WEST AFRICA/PRIZE AND EXPENSE FUNDS FOR THE AANIT PRIZE OF THE MANDELA RHODES FOUNDATION, WHICH SUPPORTS INITIATIVES THAT CAN DELIVER POSITIVE SOCIAL IMPACT FOR AFRICA'S MOST MARGINALIZED POPULATIONS. 433,333

VANGUARD CHARITABLE ENDOWMENT PROGRAM

PO BOX 3075
SOUTHEASTERN,PA193989917 		N/A PC CONTRIBUTION TO THE EZRAH CHARITABLE DAF FOR CHARITABLE DISTRIBUTIONS. 150,000

VIA INTERNATIONAL

1955 JULIAN AVENUE
SAN DIEGO,CA92113 		N/A PC GENERAL SUPPORT TO VIA INTERNATIONAL'S WORK ENGAGING AND SUPPORTING LEADERS IN EMERGING COMMUNITIES. 25,000
Total .................................right arrow 3a 8,375,348
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 ........... 		    14 723,908  
4 Dividends and interest from securities ....     14 1,201,802  
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 ............ 		    14 20,205,062  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aINCOME FROM FLOWTHROUGHS 		901101 -64,374 01 6,916,206  
bOTHER INCOME     01 34,543  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -64,374 29,081,521 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
29,017,147
(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


Software ID:  
Software Version:  


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
THE EZRAH CHARITABLE TRUST
 
Employer identification number

81-2608588
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
THE EZRAH CHARITABLE TRUST
  		Employer identification number
81-2608588
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
DAVID COHEN
5970 FAIRVIEW ROAD SUITE 705
 
CHARLOTTE, NC28210

$ 325,000


(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.)
(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
THE EZRAH CHARITABLE TRUST
  		Employer identification number

81-2608588
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
THE EZRAH CHARITABLE TRUST
  		Employer identification number

81-2608588
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)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
THE EZRAH CHARITABLE TRUST
EIN:
81-2608588
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 50,618 25,309   25,309

TY 2023 AllOthProgRltdInvestmentsSch
Name:
THE EZRAH CHARITABLE TRUST
EIN:
81-2608588
Category Amount
SMART HAVENS AFRICA - PROMOTES ECONOMIC GROWTH IN AFRICA THROUGH INVESTMENTS IN PRIVATE BUSINESSES PROVIDING INFRASTRUCTURE AND TECHNOLOGY IMPROVEMENTS 113,985

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 ExpenditureResponsibilityStmt
Name:
THE EZRAH CHARITABLE TRUST
EIN:
81-2608588
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
ENZA CAPITAL LP CO OCORIAN
  		CORPORATE SERVICES MAURITIUS
LIMITED 6TH FLOOR
  EBENE  
MP 		2019-05-01 1,065,458 SEE GENERAL EXPLANATION 1,065,458 NO 06/05/20, 06/03/21, 07/05/22, 05/19/23, 05/21/24 2024-05-21 SEE GENERAL EXPLANATION
ENZA CAPITAL LP CO OCORIAN
  		CORPORATE SERVICES MAURITIUS
LIMITED 6TH FLOOR
  EBENE  
MP 		2020-06-03 1,652,054 SEE GENERAL EXPLANATION 1,652,054 NO 06/03/21 , 07/05/22, 05/19/23, 05/21/24 2024-05-21 SEE GENERAL EXPLANATION
ENZA CAPITAL LP CO OCORIAN
  		CORPORATE SERVICES MAURITIUS
LIMITED 6TH FLOOR
  EBENE  
MP 		2021-06-30 3,219,540 SEE GENERAL EXPLANATION 3,219,540 NO 07/05/22, 05/19/23, 05/21/24 2024-05-21 SEE GENERAL EXPLANATION
ENZA CAPITAL LP CO OCORIAN
  		CORPORATE SERVICES MAURITIUS
LIMITED 6TH FLOOR
  EBENE  
MP 		2022-06-30 2,349,067 SEE GENERAL EXPLANATION 2,349,067 NO 05/19/23, 05/21/24 2024-05-21 SEE GENERAL EXPLANATION
ENZA CAPITAL II LP CO OCORIAN
  		CORPORATE SERVICES MAURITIUS
LIMITED 6TH FLOOR
  EBENE  
MP 		2022-06-30 2,702,014 SEE GENERAL EXPLANATION 2,702,014 NO 05/08/23, 05/21/24 2024-05-21 SEE GENERAL EXPLANATION
ENZA CAPITAL LP CO OCORIAN
  		CORPORATE SERVICES MAURITIUS
LIMITED 6TH FLOOR
  EBENE  
MP 		2023-06-30 378,256 SEE GENERAL EXPLANATION 303,509 NO 5/21/2024 2024-05-21 SEE GENERAL EXPLANATION
ENZA CAPITAL II LP CO OCORIAN
  		CORPORATE SERVICES MAURITIUS
LIMITED 6TH FLOOR
  EBENE  
MP 		2023-06-30 1,761,349 SEE GENERAL EXPLANATION 1,761,349 NO 5/21/2024 2024-05-21 SEE GENERAL EXPLANATION
SMART HAVENS AFRICA
  		PLOT 38 WILLIAM ST EQUTORIAL BLDG
LEVEL 5 STE 527 PO BOX 33525
KAMPALA    
UG 		2023-06-30 29,980 LOAN FOR LOW-INCOME FAMILIES - SEE GENERAL EXPLANATION 29,980 NO 8/16/2024 2024-08-16 SEE GENERAL EXPLANATION
BXS GROUP LIMITED
  		KALAMU HOUSE GREVILLEA GROVE
WESTLANDS PO BOX 47323 00100
  NAIROBI  
KE 		2022-06-30 508,762 SEE GENERAL EXPLANATION 508,762 NO 10/18/2024 2024-10-18 SEE GENERAL EXPLANATION
SMART HAVENS AFRICA
  		PLOT 38 WILLIAM ST EQUTORIAL BLDG
LEVEL 5 STE 527 PO BOX 33525
KAMPALA    
UG 		2023-06-30 115,000 SEE GENERAL EXPLANATION 115,000 NO 8/16/2024 2024-08-16 SEE GENERAL EXPLANATION

TY 2023 GeneralExplanationAttachment
Name:
THE EZRAH CHARITABLE TRUST
EIN:
81-2608588
Identifier Return Reference Explanation
EXPENDITURE RESPONSIBILITY STATEMENT FORM 990-PF, PART VI-B, LINE 5D DURING CALENDAR YEAR 2023, EZRAH CHARITABLE TRUST ("ECT") MADE AN EQUITY INVESTMENT IN ENZA CAPITAL LP ("ENZA") WHICH ECT HAS CLASSIFIED AS A PROGRAM RELATED INVESTMENT ("PRI"). ENZA MAKES DEBT AND EQUITY INVESTMENTS IN PRIVATE BUSINESSES THAT PROVIDE INFRASTRUCTURE, TECHNOLOGY, HEALTH AND EDUCATION IMPROVEMENTS IN AFRICA WITH A FOCUS ON MASS ACCESSIBILITY, ESPECIALLY BY IMPOVERISHED POPULATIONS. THE INVESTMENT IN ENZA IS ONE IN WHICH: 1. THE PRIMARY PURPOSE IS TO ACCOMPLISH ONE OR MORE OF THE EXEMPT PURPOSES OF ECT, 2. PRODUCTION OF INCOME OR APPRECIATION OF PROPERTY IS NOT A SIGNIFICANT PURPOSE, AND 3. INFLUENCING LEGISLATION OR TAKING PART IN POLITICAL CAMPAIGNS ON BEHALF OF CANDIDATES IS NOT A PURPOSE. ECT AND ENZA HAVE AGREED AND DOCUMENTED THAT ECT HAS EXPENDITURE RESPONSIBILITY OVER ITS EQUITY INVESTMENT IN ENZA. AS PART OF THAT AGREEMENT, ECT'S INVESTMENT IN ENZA WAS MADE SUBJECT TO A WRITTEN AGREEMENT SIGNED BY AN APPROPRIATE OFFICER, DIRECTOR, OR TRUSTEE OF ENZA, DATED MAY 1, 2019. FURTHER, ENZA HAS COMMITTED: 1. TO USE ALL AMOUNTS RECEIVED FROM ECT ONLY FOR THE PURPOSES OF THE INVESTMENT AND TO REPAY ANY AMOUNT NOT USED FOR THOSE PURPOSES, 2. TO SUBMIT, AT LEAST ONCE A YEAR, A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT, 3. TO KEEP ADEQUATE BOOKS AND RECORDS AND TO MAKE THEM AVAILABLE TO THE PRIVATE FOUNDATION AT REASONABLE TIMES, AND 4. NOT TO USE ANY OF THE FUNDS TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, CARRY ON VOTER REGISTRATION DRIVES, OR, WHEN THE RECIPIENT IS A PRIVATE FOUNDATION, TO MAKE GRANTS THAT DO NOT COMPLY WITH THE REQUIREMENTS REGARDING GRANTS TO INDIVIDUALS OR EXPENDITURE RESPONSIBILITY. DURING 2023, ECT'S EQUITY INVESTMENTS IN ENZA TOTALED $378,256 AS DESCRIBED FURTHER BELOW. ECT MAINTAINED EXPENDITURE RESPONSIBILITY OVER THE USE OF THOSE FUNDS. ECT REGULARLY MET, AND CONTINUES TO MEET, WITH ENZA, TYPICALLY ON A QUARTERLY BASIS. IN ADDITION TO PROVIDING DETAIL OF EXPENDITURES AND MAKING ALL RECORDS AVAILABLE TO ECT, ENZA DELIVERED A 2023 ANNUAL REPORT ON 4/17/2024. ENZA FURTHER PROVIDED AUDITED FINANCIAL STATEMENTS, DATED 5/21/2024. EXPENDITURES FROM ECT'S CAPITAL INVESTMENT HAVE BEEN VALIDATED BY THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS. TO THE KNOWLEDGE OF EZRAH CHARITABLE TRUST, NO PORTION OF ITS EQUITY INVESTMENT HAS BEEN USED FOR ANY PURPOSE OTHER THAN THE INTENDED PURPOSE, AND ECT HAS VERIFIED THE ENZA REPORTS TO CONFIRM THE SAME. FURTHER, ENZA HAS CONFIRMED, SPECIFICALLY, THAT NONE OF THE FUNDS CONTRIBUTED BY ECT WERE USED TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, OR CARRY ON VOTER REGISTRATION DRIVES.
EXPENDITURE RESPONSIBILITY STATEMENT FORM 990-PF, PART VI-B, LINE 5D DURING CALENDAR YEAR 2023, EZRAH CHARITABLE TRUST ("ECT") MADE AN EQUITY INVESTMENT IN ENZA CAPITAL II LP ("ENZA II") WHICH ECT HAS CLASSIFIED AS A PROGRAM RELATED INVESTMENT ("PRI"). ENZA II MAKES DEBT AND EQUITY INVESTMENTS IN PRIVATE BUSINESSES THAT PROVIDE INFRASTRUCTURE, TECHNOLOGY, HEALTH AND EDUCATION IMPROVEMENTS IN AFRICA WITH A FOCUS ON MASS ACCESSIBILITY, ESPECIALLY BY IMPOVERISHED POPULATIONS. THE INVESTMENT IN ENZA II IS ONE IN WHICH: 1. THE PRIMARY PURPOSE IS TO ACCOMPLISH ONE OR MORE OF THE EXEMPT PURPOSES OF ECT, 2. PRODUCTION OF INCOME OR APPRECIATION OF PROPERTY IS NOT A SIGNIFICANT PURPOSE, AND 3. INFLUENCING LEGISLATION OR TAKING PART IN POLITICAL CAMPAIGNS ON BEHALF OF CANDIDATES IS NOT A PURPOSE. ECT AND ENZA II HAVE AGREED AND DOCUMENTED THAT ECT HAS EXPENDITURE RESPONSIBILITY OVER ITS EQUITY INVESTMENT IN ENZA II. AS PART OF THAT AGREEMENT, ECT'S INVESTMENT IN ENZA II WAS MADE SUBJECT TO A WRITTEN AGREEMENT SIGNED BY AN APPROPRIATE OFFICER, DIRECTOR, OR TRUSTEE OF ENZA II, DATED JUNE 3, 2022. FURTHER, ENZA II HAS COMMITTED: 1. TO USE ALL AMOUNTS RECEIVED FROM ECT ONLY FOR THE PURPOSES OF THE INVESTMENT AND TO REPAY ANY AMOUNT NOT USED FOR THOSE PURPOSES, 2. TO SUBMIT, AT LEAST ONCE A YEAR, A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT, 3. TO KEEP ADEQUATE BOOKS AND RECORDS AND TO MAKE THEM AVAILABLE TO THE PRIVATE FOUNDATION AT REASONABLE TIMES, AND 4. NOT TO USE ANY OF THE FUNDS TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, CARRY ON VOTER REGISTRATION DRIVES, OR, WHEN THE RECIPIENT IS A PRIVATE FOUNDATION, TO MAKE GRANTS THAT DO NOT COMPLY WITH THE REQUIREMENTS REGARDING GRANTS TO INDIVIDUALS OR EXPENDITURE RESPONSIBILITY. DURING 2023, ECT'S EQUITY INVESTMENTS IN ENZA II TOTALED $1,761,349 AS DESCRIBED FURTHER BELOW. ECT MAINTAINED EXPENDITURE RESPONSIBILITY OVER THE USE OF THOSE FUNDS. ECT REGULARLY MET, AND CONTINUES TO MEET, WITH ENZA II, TYPICALLY ON A QUARTERLY BASIS. IN ADDITION TO PROVIDING DETAIL OF EXPENDITURES AND MAKING ALL RECORDS AVAILABLE TO ECT, ENZA II DELIVERED A 2023 ANNUAL REPORT ON 4/17/2024. ENZA II FURTHER PROVIDED AUDITED FINANCIAL STATEMENTS, DATED 5/21/2024. EXPENDITURES FROM ECT'S CAPITAL INVESTMENT HAVE BEEN VALIDATED BY THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS. TO THE KNOWLEDGE OF EZRAH CHARITABLE TRUST, NO PORTION OF ITS EQUITY INVESTMENT HAS BEEN USED FOR ANY PURPOSE OTHER THAN THE INTENDED PURPOSE, AND ECT HAS VERIFIED THE ENZA II REPORTS TO CONFIRM THE SAME. FURTHER, ENZA II HAS CONFIRMED, SPECIFICALLY, THAT NONE OF THE FUNDS CONTRIBUTED BY ECT WERE USED TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, OR CARRY ON VOTER REGISTRATION DRIVES.
EXPENDITURE RESPONSIBILITY STATEMENT FORM 990-PF, PART VI-B, LINE 5D DURING CALENDAR YEAR 2023, THE EZRAH CHARITABLE TRUST ("ECT") MADE A LOAN TO SMART HAVEN AFRICA LIMITED ("SMART HAVEN AFRICA") WHICH ECT HAS CLASSIFIED AS A PROGRAM RELATED INVESTMENT ("PRI"). SMART HAVEN AFRICA PROVIDES AN AFFORDABLE PATHWAY TO HOME OWNERSHIP FOR LOW-INCOME FAMILIES AND EMPOWER THESE FAMILIES BY PROVIDING DIGNIFIED AND AFFORDABLE HOUSING. IT ALSO PROVIDES EMPLOYMENT AT A LIVABLE WAGE FOR YOUNG WOMEN AND MEN INVOLVED IN THE CONSTRUCTION OF SMART, AFFORDABLE HOMES. THE LOAN TO SMART HAVEN AFRICA IS ONE IN WHICH: 1. THE PRIMARY PURPOSE IS TO ACCOMPLISH ONE OR MORE OF THE EXEMPT PURPOSES OF ECT, 2. PRODUCTION OF INCOME OR APPRECIATION OF PROPERTY IS NOT A SIGNIFICANT PURPOSE, AND 3. INFLUENCING LEGISLATION OR TAKING PART IN POLITICAL CAMPAIGNS ON BEHALF OF CANDIDATES IS NOT A PURPOSE. ECT AND SMART HAVEN AFRICA HAVE AGREED AND DOCUMENTED THAT ECT HAS EXPENDITURE RESPONSIBILITY OVER ITS LOAN TO SMART HAVEN AFRICA. AS PART OF THAT AGREEMENT, ECT'S LOAN TO SMART HAVEN AFRICA WAS MADE SUBJECT TO A WRITTEN AGREEMENT SIGNED BY AN APPROPRIATE OFFICER, DIRECTOR, OR TRUSTEE OF SMART HAVEN AFRICA, DATED AUGUST 1, 2023. FURTHER, SMART HAVEN AFRICA HAS COMMITTED: 1. TO USE ALL AMOUNTS RECEIVED FROM ECT ONLY FOR THE PURPOSES OF THE LOAN AND TO REPAY ANY AMOUNT NOT USED FOR THOSE PURPOSES, 2. TO SUBMIT, AT LEAST ONCE A YEAR, A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE LOAN, 3. TO KEEP ADEQUATE BOOKS AND RECORDS AND TO MAKE THEM AVAILABLE TO THE PRIVATE FOUNDATION AT REASONABLE TIMES, AND 4. NOT TO USE ANY OF THE FUNDS TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, CARRY ON VOTER REGISTRATION DRIVES, OR, WHEN THE RECIPIENT IS A PRIVATE FOUNDATION, TO MAKE GRANTS THAT DO NOT COMPLY WITH THE REQUIREMENTS REGARDING GRANTS TO INDIVIDUALS OR EXPENDITURE RESPONSIBILITY. DURING 2023, ECT'S LOAN TO SMART HAVEN AFRICA TOTALED $29,980 AS DESCRIBED FURTHER BELOW. THIS LOAN WAS REPAID, WITH INTEREST, ON 8/2/2023. ECT MAINTAINED EXPENDITURE RESPONSIBILITY OVER THE USE OF THOSE FUNDS. ECT REGULARLY MET, AND CONTINUES TO MEET, WITH SMART HAVEN AFRICA, TYPICALLY ON A QUARTERLY BASIS. IN ADDITION TO PROVIDING DETAIL OF EXPENDITURES AND MAKING ALL RECORDS AVAILABLE TO ECT, SMART HAVEN AFRICA DELIVERED A 2023 ANNUAL REPORT ON 8/12/2024. SMART HAVEN AFRICA FURTHER PROVIDED AUDITED FINANCIAL STATEMENTS, DATED 8/16/2024. EXPENDITURES FROM ECT'S CAPITAL INVESTMENT HAVE BEEN VALIDATED BY THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS. TO THE KNOWLEDGE OF EZRAH CHARITABLE TRUST, NO PORTION OF ITS LOAN HAS BEEN USED FOR ANY PURPOSE OTHER THAN THE INTENDED PURPOSE, AND ECT HAS VERIFIED THE SMART HAVEN AFRICA REPORTS TO CONFIRM THE SAME. FURTHER, SMART HAVEN AFRICA HAS CONFIRMED, SPECIFICALLY, THAT NONE OF THE FUNDS CONTRIBUTED BY ECT WERE USED TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, OR CARRY ON VOTER REGISTRATION DRIVES.
EXPENDITURE RESPONSIBILITY STATEMENT FORM 990-PF, PART VI-B, LINE 5D DURING CALENDAR YEAR 2022 , EZRAH CHARITABLE TRUST ("ECT") MADE AN EQUITY INVESTMENT IN BXS GROUP LIMITED ("BXS") WHICH ECT HAS CLASSIFIED AS A PROGRAM RELATED INVESTMENT ("PRI"). BXS CREATES BUILDINGS THROUGH END TO END DESIGN AND CONSTRUCTION PROCESS WHICH USES LOCAL MATERIALS AND PROMOTES OPPORTUNITIES FOR WOMEN. THE INVESTMENT IN BXS IS ONE IN WHICH:1. THE PRIMARY PURPOSE IS TO ACCOMPLISH ONE OR MORE OF THE EXEMPT PURPOSES OF ECT,2. PRODUCTION OF INCOME OR APPRECIATION OF PROPERTY IS NOT A SIGNIFICANT PURPOSE, AND3. INFLUENCING LEGISLATION OR TAKING PART IN POLITICAL CAMPAIGNS ON BEHALF OF CANDIDATES IS NOT A PURPOSE.ECT AND BXS HAVE AGREED AND DOCUMENTED THAT ECT HAS EXPENDITURE RESPONSIBILITY OVER ITS EQUITY INVESTMENT IN BXS. AS PART OF THAT AGREEMENT, ECT'S INVESTMENT IN BXS WAS MADE SUBJECT TO A WRITTEN AGREEMENT SIGNED BY AN APPROPRIATE OFFICER, DIRECTOR, OR TRUSTEE OF BXS, DATED DECEMBER 21, 2021. FURTHER, BXS HAS COMMITTED:1. TO USE ALL AMOUNTS RECEIVED FROM ECT ONLY FOR THE PURPOSES OF THE INVESTMENT AND TO REPAY ANY AMOUNT NOT USED FOR THOSE PURPOSES,2. TO SUBMIT, AT LEAST ONCE A YEAR, A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT,3. TO KEEP ADEQUATE BOOKS AND RECORDS AND TO MAKE THEM AVAILABLE TO THE PRIVATE FOUNDATION AT REASONABLE TIMES, AND4. NOT TO USE ANY OF THE FUNDS TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, CARRY ON VOTER REGISTRATION DRIVES, OR, WHEN THE RECIPIENT IS A PRIVATE FOUNDATION, TO MAKE GRANTS THAT DO NOT COMPLY WITH THE REQUIREMENTS REGARDING GRANTS TO INDIVIDUALS OR EXPENDITURE RESPONSIBILITY.DURING 2022, ECT'S EQUITY INVESTMENTS IN BXS TOTALED $508,762. ECT MAINTAINED EXPENDITURE RESPONSIBILITY OVER THE USE OF THOSE FUNDS. ECT REGULARLY MET, AND CONTINUES TO MEET, WITH BXS, TYPICALLY ON A QUARTERLY BASIS. IN ADDITION TO PROVIDING DETAIL OF EXPENDITURES AND MAKING ALL RECORDS AVAILABLE TO ECT, BXS DELIVERED A 2023 ANNUAL REPORT ON 10/21/2024. BXS FURTHER PROVIDED UNAUDITED FINANCIAL STATEMENTS, DATED 10/18/2024 (REVIEWED ON 10/23/24). EXPENDITURES FROM ECT'S CAPITAL INVESTMENT HAVE BEEN VALIDATED BY THE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS.TO THE KNOWLEDGE OF EZRAH CHARITABLE TRUST, NO PORTION OF ITS EQUITY INVESTMENT HAS BEEN USED FOR ANY PURPOSE OTHER THAN THE INTENDED PURPOSE, AND ECT HAS VERIFIED THE BXS REPORTS TO CONFIRM THE SAME. FURTHER, BXS HAS CONFIRMED, SPECIFICALLY, THAT NONE OF THE FUNDS CONTRIBUTED BY ECT WERE USED TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, OR CARRY ON VOTER REGISTRATION DRIVES.
EXPENDITURE RESPONSIBILITY STATEMENT FORM 990-PF, PART VI-B, LINE 5D DURING CALENDAR YEAR 2023, THE EZRAH CHARITABLE TRUST ("ECT") MADE A LOAN TO SMART HAVEN AFRICA LIMITED ("SMART HAVEN AFRICA") WHICH ECT HAS CLASSIFIED AS A PROGRAM RELATED INVESTMENT ("PRI"). SMART HAVEN AFRICA PROVIDES AN AFFORDABLE PATHWAY TO HOME OWNERSHIP FOR LOW-INCOME FAMILIES AND EMPOWER THESE FAMILIES BY PROVIDING DIGNIFIED AND AFFORDABLE HOUSING. IT ALSO PROVIDES EMPLOYMENT AT A LIVABLE WAGE FOR YOUNG WOMEN AND MEN INVOLVED IN THE CONSTRUCTION OF SMART, AFFORDABLE HOMES. THE LOAN TO SMART HAVEN AFRICA IS ONE IN WHICH: 1. THE PRIMARY PURPOSE IS TO ACCOMPLISH ONE OR MORE OF THE EXEMPT PURPOSES OF ECT, 2. PRODUCTION OF INCOME OR APPRECIATION OF PROPERTY IS NOT A SIGNIFICANT PURPOSE, AND 3. INFLUENCING LEGISLATION OR TAKING PART IN POLITICAL CAMPAIGNS ON BEHALF OF CANDIDATES IS NOT A PURPOSE. ECT AND SMART HAVEN AFRICA HAVE AGREED AND DOCUMENTED THAT ECT HAS EXPENDITURE RESPONSIBILITY OVER ITS LOAN TO SMART HAVEN AFRICA. AS PART OF THAT AGREEMENT, ECT'S LOAN TO SMART HAVEN AFRICA WAS MADE SUBJECT TO A WRITTEN AGREEMENT SIGNED BY AN APPROPRIATE OFFICER, DIRECTOR, OR TRUSTEE OF SMART HAVEN AFRICA, DATED AUGUST 1, 2023. FURTHER, SMART HAVEN AFRICA HAS COMMITTED: 1. TO USE ALL AMOUNTS RECEIVED FROM ECT ONLY FOR THE PURPOSES OF THE LOAN AND TO REPAY ANY AMOUNT NOT USED FOR THOSE PURPOSES, 2. TO SUBMIT, AT LEAST ONCE A YEAR, A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE LOAN, 3. TO KEEP ADEQUATE BOOKS AND RECORDS AND TO MAKE THEM AVAILABLE TO THE PRIVATE FOUNDATION AT REASONABLE TIMES, AND 4. NOT TO USE ANY OF THE FUNDS TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, CARRY ON VOTER REGISTRATION DRIVES, OR, WHEN THE RECIPIENT IS A PRIVATE FOUNDATION, TO MAKE GRANTS THAT DO NOT COMPLY WITH THE REQUIREMENTS REGARDING GRANTS TO INDIVIDUALS OR EXPENDITURE RESPONSIBILITY. DURING 2023, ECT'S LOAN TO SMART HAVEN AFRICA TOTALED $115,000 AS DESCRIBED FURTHER BELOW. ECT MAINTAINED EXPENDITURE RESPONSIBILITY OVER THE USE OF THOSE FUNDS. ECT REGULARLY MET, AND CONTINUES TO MEET, WITH SMART HAVEN AFRICA, TYPICALLY ON A QUARTERLY BASIS. IN ADDITION TO PROVIDING DETAIL OF EXPENDITURES AND MAKING ALL RECORDS AVAILABLE TO ECT, SMART HAVEN AFRICA DELIVERED A 2023 ANNUAL REPORT ON 8/12/2024. SMART HAVEN AFRICA FURTHER PROVIDED AUDITED FINANCIAL STATEMENTS, DATED 8/16/2024. EXPENDITURES FROM ECT'S CAPITAL INVESTMENT HAVE BEEN VALIDATED BY THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS. TO THE KNOWLEDGE OF EZRAH CHARITABLE TRUST, NO PORTION OF ITS LOAN HAS BEEN USED FOR ANY PURPOSE OTHER THAN THE INTENDED PURPOSE, AND ECT HAS VERIFIED THE SMART HAVEN AFRICA REPORTS TO CONFIRM THE SAME. FURTHER, SMART HAVEN AFRICA HAS CONFIRMED, SPECIFICALLY, THAT NONE OF THE FUNDS CONTRIBUTED BY ECT WERE USED TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, OR CARRY ON VOTER REGISTRATION DRIVES.

TY 2023 InvestmentsCorpStockSchedule
Name:
THE EZRAH CHARITABLE TRUST
EIN:
81-2608588
Name of Stock End of Year Book Value End of Year Fair Market Value
QUANTIMATRIX 34,730,499 11,787,991
FIELDSAFE SOLUTIONS 3,984,385 2,938,369
QUANTERIX 6,647,125 7,747,144
ATYR PHARA 7,592,774 2,926,022
COMPOSECURE WT EXP 122726 3,018,052 763,115
ELECO PLC ORD 2,299,256 2,613,996
QUANTERIX 4,741,495 7,876,162
SMARTRENT CL A 2,023,992 2,552,000
WEJO GROUP LIMITED WT EXP 111826 941,744 1
ENTREPRENEUR FIRST OPERATIONS LIMITED 2,500,027 2,500,027
GROUP ONE HOLDINGS PTE. LTD. 16,036,989 16,036,989
LIT LIVE INC 435,743 435,743
RASPBERRY PI (TRADING) LTD 20,000,452 20,000,452
STOMIO INC 200,000 200,000
F&APP 239,430 239,430
COMPOSECURE CL A 5,098,702 4,158,275
PROCORE TECHNOLOGIES 1,775,106 2,443,397
SINGULAR GENOMICS SYSTEMS 497,317 50,866
PROCORE TECHNOLOGIES 15,176,420 20,398,442
PROPERTYGURU GROUP ORD SHS 6,088,185 4,253,089
BILL HOLDINGS 4,794,237 6,687,198
NAUTTILUS BIOTECHNOLOGY 1,667,112 856,755
SMARTRENT CL A 21,802,826 8,086,650
SOMALOGIC CLASS A 26,146,120 11,599,506
BIO RAD LABS CL A 7,999,913 6,819,437
MATCH GROUP 12,029,058 12,931,950
PROJECT GLOBAL 13,912,573 15,277,672
PROJECT PORCELAIN 8,794,519 11,563,840
PROJECT WAYNE 2,500,000 2,089,716
DRC SYSTEMS INDIA LTD 0 27,632
INFO EDGE INDIA LTD 7,674,415 22,899,643
SUVIDHAA INFOSERVE LTD 0 115,010

TY 2023 InvestmentsOtherSchedule2
Name:
THE EZRAH CHARITABLE TRUST
EIN:
81-2608588
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PROJECT TOKEN AT COST 3,403,339 5,069,626
PROJECT GEMINI AT COST 8,469,244 8,469,245
PROJECT OPPORTUNITY AT COST 5,088,972 7,075,129
PROJECT RIMET AT COST 33,668,325 33,668,324
PROJECT VISION AT COST 1,164,954 1,152,615
PROJECT LARRY AT COST 163,603 824,022
PROJECT OPTIMUS AT COST 1,204,017 2,076,991
PROJECT CARD AT COST 887,728 1,092,354
PROJECT FRANKLIN AT COST 1,315,510 1,677,210
PROJECT MICHAEL AT COST 939,529 1,122,345
PROJECT EDISON AT COST 601,890 674,413
PROJECT TESLA AT COST 6,621,805 8,459,772
PROJECT SEA LEVEL AT COST 18,536,298 28,172,960
PROJECT ROOFTOP AT COST 14,031,694 16,768,460
PROJECT CARBON AT COST 15,427,540 15,427,541
PROJECT BRICK AT COST 30,372,114 33,294,673
PROJECT DORA AT COST 4,183,067 4,183,065
PROJECT PAID AT COST 5,846,183 1,161,036
PROJECT LUCKY AT COST 415,565 415,565
PROJECT JUICE AT COST 207,066 207,066
PROJECT BIG TRUCK AT COST 161,338 161,338
PROJECT ONCE AT COST 1,200,733 1,200,733
PROJECT LAW AT COST 1,421,083 1,421,083
PROJECT OCEAN AT COST 3,888,869 3,544,321
PROJECT CHANCE AT COST 2,807,975 3,510,690
PROJECT TIGER AT COST 247,119 835,226
PROJECT PRINGLE AT COST 96,000 199,721
PROJECT WINDOW AT COST 727,785 457,256
PROJECT RIB AT COST 1,221,797 1,210,587
PROJECT CARPOOL AT COST 1,571,023 1,571,172
PROJECT WATCH AT COST 6,148,266 1,894,723
PROJECT INSIGHT AT COST 2,195,987 695,344
PROJECT COUSTEAU AT COST 7,284,650 7,284,651
PROJECT WRINKLE AT COST 1,022,308 1,960,959
PROJECT GLASSES AT COST 108,954 100,236
PROJECT WATT AT COST 560,340 539,495
PROJECT HERTZ AT COST 7,811,293 8,412,203
PROJECT METRIC AT COST 6,789,542 3,711,439

TY 2023 LegalFeesSchedule
Name:
THE EZRAH CHARITABLE TRUST
EIN:
81-2608588
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 489,705 420,623   69,082


TY 2023 OtherAssetsSchedule
Name:
THE EZRAH CHARITABLE TRUST
EIN:
81-2608588
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ENZA CAPITAL (PRI) 7,110,483 7,265,035 8,934,740
BXS (PRI) 508,762 508,762 508,762
ENZA CAPITAL II (PRI) 2,475,321 3,842,869 4,028,776
SMART HAVENS AFRICA (PRI) 0 115,000 115,000


TY 2023 OtherExpensesSchedule
Name:
THE EZRAH CHARITABLE TRUST
EIN:
81-2608588
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CUSTODIAN FEES 11,649 11,649   0
OTHER 4,692 4,692   0
OTHER - CREDIT CARD 23,362 0   23,362
MISCELLANEOUS INTEREST CHARGE 1,005 0   0


TY 2023 OtherIncomeSchedule2
Name:
THE EZRAH CHARITABLE TRUST
EIN:
81-2608588
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
INCOME FROM FLOWTHROUGHS 6,851,832 6,916,206 6,851,832
OTHER INCOME 34,543 34,543 34,543


TY 2023 OtherIncreasesSchedule
Name:
THE EZRAH CHARITABLE TRUST
EIN:
81-2608588
Description Amount
OTHER ADJUSTMENTS 15,193


TY 2023 OtherProfessionalFeesSchedule
Name:
THE EZRAH CHARITABLE TRUST
EIN:
81-2608588
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES 264,578 92,453   172,125


TY 2023 ReductionExplanationStatement
Name:
THE EZRAH CHARITABLE TRUST
EIN:
81-2608588
Explanation:
EZRAH CHARITABLE TRUST (ECT) IS CLAIMING A 5% BLOCKAGE DISCOUNT FOR ITS INVESTMENT IN QUANTAMATRIX INCORPORATED (QM) STOCK. ECT IS THE LARGEST SINGLE SHAREHOLDER IN QM (BUT LESS THAN 20%). QM IS A PUBLIC COMPANY BUT VERY THINLY TRADED. EZRAH CHARITABLE TRUST'S SHARES ARE A SIGNIFICANT MULTIPLE OVER AVERAGE DAILY TRADING VOLUME. THERE WERE MULTI-YEAR RESTRICTIONS (REDUCED TO ONE YEAR POST IPO) ON ECT'S ABILITY TO SELL THE SHARES SUCH THAT ECT'S SHARES ARE NOT OF THE SAME VALUE AS FREELY-TRADABLE PUBLIC SHARES.

TY 2023 TaxesSchedule
Name:
THE EZRAH CHARITABLE TRUST
EIN:
81-2608588
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
US TAX PAYMENTS 66,055 0   0
FOREIGN TAX 19,369 19,369   0
STATE TAX 12,052 12,052   0