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 HERB ALPERT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1414 6TH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA MONICA, CA90401
A Employer identification number

95-4191227
B Telephone number (see instructions)

(818) 528-3545
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$55,077,881J 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) 58,777
2 Check right arrow.............
3 Interest on savings and temporary cash investments 272 272  
4 Dividends and interest from securities... 1,025,343 1,025,343  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 51,682,512
b Gross sales price for all assets on line 6a 52,215,795
7 Capital gain net income (from Part IV, line 2)... 51,682,512
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).......      
12 Total. Add lines 1 through 11........ 52,766,904 52,708,127  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 625,000 0   0
14 Other employee salaries and wages...... 263,258 0   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
23,856 0   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
67,299 16,225   0
c Other professional fees (attach schedule)....        
17 Interest............... 531 531   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
54,610 62   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
366,456 41,875   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,401,010 58,693   0
25 Contributions, gifts, grants paid....... 9,819,700 9,819,700
26 Total expenses and disbursements. Add lines 24 and 25 11,220,710 58,693   9,819,700
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 41,546,194
b Net investment income (if negative, enter -0-) 52,649,434
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............. 636,748 49,572 49,572
2 Savings and temporary cash investments......... 1,462,660 44,025,076 44,025,076
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 arrow17,139
Less: allowance for doubtful accounts right arrow0 30,875 17,139 17,139
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 4,404 4,614 4,614
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 31,159,694 Click to see attachment
List of Attached Documents:
// Content
9,223,347 		10,931,586
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............. 1,493 1,493 1,555
13 Investments—other (attach schedule).......... 14,300 Click to see attachment
List of Attached Documents:
// Content
12,930 		9,619
14 Land, buildings, and equipment: basis right arrow9,291
Less: accumulated depreciation (attach schedule) right arrow9,291      
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
38,720 		Click to see attachment
List of Attached Documents:
// Content
38,720
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 33,310,174 53,372,891 55,077,881
Liabilities 17 Accounts payable and accrued expenses..........   10,000
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) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
925
23 Total liabilities (add lines 17 through 22)......... 0 10,925
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 33,310,174 53,361,966
29 Total net assets or fund balances (see instructions)..... 33,310,174 53,361,966
30 Total liabilities and net assets/fund balances (see instructions). 33,310,174 53,372,891
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
33,310,174
2
Enter amount from Part I, line 27a .....................
2
41,546,194
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
74,856,368
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
21,494,402
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
53,361,966
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 OCM VII P 2022-01-01 2023-12-31
b BROADCOM P 1999-01-04 2023-12-31
c OCM VII AIF P    
d CAPITAL GAINS DIVIDENDS P    
e
(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     665 -665
b 52,215,753   532,231 51,683,522
c     387 -387
d 42     42
e
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       -665
b       51,683,522
c       -387
d       42
e
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 51,682,512
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) 1 731,827
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........................... 3 731,827
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- ..... 5 731,827
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 89,786
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 750,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 839,786
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 4,582
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 10 103,377
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow103,377 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 arrowCA
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 instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowHERBALPERTFOUNDATION.ORG
14
The books are in care ofright arrowFRAZIN AND CO CPA Telephone no.right arrow (818) 528-3545

Located atright arrow16255 VENTURA BLVD SUITE 1250ENCINOCA ZIP+4right arrow91436
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
 
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
 
 
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
HERB ALPERT CHAIRMAN
0.00 		0 0 0
1414 SIXTH ST
SANTA MONICA,CA90401
LANI HALL ALPERT VICE CHAIR.
0.00 		0 0 0
1414 SIXTH ST
SANTA MONICA,CA90401
RONA SEBASTIAN PRESIDENT
40.00 		625,000 0 0
1414 SIXTH ST
SANTA MONICA,CA90401
PAUL FRIMMER CFO
0.00 		0 0 0
10100 SANTA MONICA BLVD STE 2200
LOS ANGELES,CA90067
IAN WIENER SECRETARY
0.00 		0 0 0
1414 SIXTH ST
SANTA MONICA,CA90401
ARNOLD SANTOS ASSISTANT SECRETARY
0.00 		0 0 0
1414 SIXTH ST
SANTA MONICA,CA90401
ARIA ALPERT ADJANI VICE PRESIDENT
0.00 		0 0 0
1414 SIXTH ST
SANTA MONICA,CA90401
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
MATTHEW WILDER PROGRAM OFFICER
40.00 		184,167 0 0
1414 SIXTH ST
SANTA MONICA,CA90401
JENNIFER GARRATT EXECUTIVE ASST
40.00 		79,091 0 0
1414 SIXTH ST
SANTA MONICA,CA90401
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
DAVID BRYAN CONSULTING 81,900
1414 SIXTH ST
SANTA MONICA,CA90401
C4 GLOBAL COMMUNICATIONS INC PUBLIC RELATIONS 72,000
1625 17TH ST SUITE 6
SANTA MONICA,CA90404
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  
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
34,938,507
b
Average of monthly cash balances.......................
1b
11,232,760
c
Fair market value of all other assets (see instructions)................
1c
9,612
d
Total (add lines 1a, b, and c).........................
1d
46,180,879
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
46,180,879
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
692,713
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
45,488,166
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,274,408
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
2,274,408
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
731,827
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
731,827
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,542,581
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,542,581
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
1,542,581
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
9,819,700
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
 
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
9,819,700
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 1,542,581
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 6,066,841
b From 2019...... 13,155,916
c From 2020...... 5,091,334
d From 2021...... 3,461,398
e From 2022...... 4,985,375
f Total of lines 3a through e ........ 32,760,864
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 9,819,700
a Applied to 2022, but not more than line 2a 0
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..... 1,542,581
e Remaining amount distributed out of corpus 8,277,119
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 41,037,983
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 .......... 		0
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) ... 		6,066,841
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		34,971,142
10 Analysis of line 9:
a Excess from 2019.... 13,155,916
b Excess from 2020.... 5,091,334
c Excess from 2021.... 3,461,398
d Excess from 2022.... 4,985,375
e Excess from 2023.... 8,277,119
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).)
HERB ALPERT
LANI HALL ALPERT
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

18TH STREET ARTS CENTER

1639 18TH ST
SANTA MONICA,CA90404 		NONE   CHARITABLE 25,000

A NEW WAY OF LIFE

PO BOX 875288
LOS ANGELES,CA90087 		NONE   CHARITABLE 5,000

A PLACE CALLED HOME

2830 S CENTRAL AVE
LOS ANGELES,CA90011 		NONE   CHARITABLE 10,000

AMAZING GRACE CONSERVATORY

2401 W WASHINGTON BLVD
LOS ANGELES,CA90018 		NONE   CHARITABLE 2,500

ANGEL CITY ARTS

520 BAUGHMAN AVE
CLAREMONT,CA91711 		NONE   CHARITABLE 20,000

ARTS FOR HEALING & JUSTICE NETWORK

2727 E ANAHEIM ST PO BOX 4722
LONG BEACH,CA90804 		NONE   CHARITABLE 25,000

ARTS FOR LA

1149 S HILL ST STE H100
LOS ANGELES,CA90015 		NONE   CHARITABLE 15,000

ARTWORXLATHE HEART PROJECT

1140 N CITRUS AVE
LOS ANGELES,CA90038 		NONE   CHARITABLE 30,000

BERKLEE COLLEGE OF MUSIC

1140 BOYLSTON STREET
BOSTON,MA02215 		NONE   CHARITABLE 50,000

CALIFORNIA DANCE INSTITUTE

3131 OLYMPIC BLVD 202
SANTA MONICA,CA90404 		NONE   CHARITABLE 25,000

CALIFORNIA INSTITUTE OF ARTS

24700 MCBEAN PKWY
VALENCIA,CA91355 		NONE   CHARITABLE 1,143,000

CALIFORNIA STATE SUMMER SCHOOL FOUNDATION

7801 FOLSOM BLVD SUITE 104
SACRAMENTO,CA95826 		NONE   CHARITABLE 340,300

CALIFORNIA STATE UNIVERSITY NORTHRIDGE

18111 NORDHOFF ST
NORTHRIDGE,CA91330 		NONE   CHARITABLE 80,000

CASA 0101

2102 E FIRST ST
LOS ANGELES,CA90033 		NONE   CHARITABLE 25,000

CHILDRENS MUSIC FUND

12031 VENTURA BLVD SUITE 1
STUDIO CITY,CA91604 		NONE   CHARITABLE 2,500

CHRYSALIS

1853 LINCOLN BLVD
SANTA MONICA,CA90404 		NONE   CHARITABLE 200,000

COMMUNITY PARTNERS FBO L A COMMONS

1000 N ALAMEDA STS 240
LOS ANGELES,CA90012 		NONE   CHARITABLE 25,000

COMMUNITY PARTNERS FBO LIBROS SCHMIBROS LENDING

1000 N ALAMEDA STS 240
LOS ANGELES,CA90012 		NONE   CHARITABLE 25,000

COMMUNITY PARTNERS FBO WRITE GIRL

1000 N ALAMEDA STS 240
LOS ANGELES,CA90012 		NONE   CHARITABLE 25,000

COMPASSION PRISION PROJECT

8726 S SEPULVEDA BLVD STE D 4201
LOS ANGELES,CA90045 		NONE   CHARITABLE 5,000

CONCERN FOUNDATION

1026 S ROBERTSON BLVD
LOS ANGELES,CA90035 		NONE   CHARITABLE 12,000

CONGA KIDS

5858 WHILSHIRE BLVD
LOS ANGELES,CA90036 		NONE   CHARITABLE 15,000

CONTRA TIEMPO

4058 TILDEN AVE
CULVER CITY,CA90232 		NONE   CHARITABLE 35,000

CORO SOUTHERN CALIFORNIA INC

1000 N ALAMEDA STS 240
LOS ANGELES,CA90012 		NONE   CHARITABLE 800

CREATE LA

338 S AVE 16
LOS ANGELES,CA90031 		NONE   CHARITABLE 25,000

DREAM A WORLD EDUCATION INC

256 ROBERTSON BLVD
BEVERLY HILLS,CA90211 		NONE   CHARITABLE 25,000

EVERYBODY DANCES LA

639 S COMMONWEALTH AVE
LOS ANGELES,CA90005 		NONE   CHARITABLE 30,000

FAIRFAX HIGHSCHOOL

7850 MELROSE AVE
LOS ANGELES,CA90046 		NONE   CHARITABLE 25,000

FERNANDO PULLUM ARTS CENTER

3351 W 43RD ST
LOS ANGELES,CA90008 		NONE   CHARITABLE 5,000

FOSTER SOURCE

11860 N PECOS ST SUITE 1131
WESTMINSTER,CO80234 		NONE   CHARITABLE 5,000

FREE ARTS ORG

11099 S LA CIENEGA BLVD 235
LOS ANGELES,CA90045 		NONE   CHARITABLE 20,000

FRIENDS OF MALIBU URGENT CARE

23656 PACIFIC COAST HWY
MALIBU,CA90265 		NONE   CHARITABLE 50,000

FULCRUM ARTS FBO SAPPA

495 E COLORADO BLVD
PASADENA,CA91101 		NONE   CHARITABLE 100,000

GERRY & FRANCA MULLIGAN FOUNDATION

2 PEACH HILL RD
DARIEN,CT06820 		NONE   CHARITABLE 25,000

GHETTO FILM SCHOOL

79 ALEXANDER AVE 41A
BRONX,CA10454 		NONE   CHARITABLE 25,000

GLAAD

5455 WILSHIRE BLVD
LOS ANGELES,CA90036 		NONE   CHARITABLE 5,000

GOOD PEOPLE FUND

384 WYOMING AVE
MILLBURN,CA07041 		NONE   CHARITABLE 400,000

GRANTMAKERS IN THE ARTS

4055 21ST AVE W
SEATTLE,WA98119 		NONE   CHARITABLE 10,000

GUITAR CENTER MUSIC FOUNDATION

211 W 5TH ST
LOS ANGELES,CA90013 		NONE   CHARITABLE 25,000

HERBIE HANCOCK INSTITUTE OF JAZZ

2520 SCHOENBERG MUSIC BLDG
LOS ANGELES,CA90095 		NONE   CHARITABLE 250,000

HOMEBOY INDUSTRIES

130 W BRUNO ST
LOS ANGELES,CA90012 		NONE   CHARITABLE 80,000

ILLUMINATION FOUNDATION

7855 KATELLA AVE
STANTON,CA90680 		NONE   CHARITABLE 10,000

JAZZ EDUCATION NETWORK

45 WHISPER DR
WORCESTER,MA01609 		NONE   CHARITABLE 25,000

KING BAUDOUIN FOUNDATION

551 FIFTH AVENUE STE 2400
NEW YORK,NY10176 		NONE   CHARITABLE 400,000

KJAZZ CSLUB RESEARCH

1500 COTNER AVE
LOS ANGELES,CA90025 		NONE   CHARITABLE 40,000

LA GOAL

4911 OVERLAND AVE
CULVER CITY,CA90230 		NONE   CHARITABLE 10,000

LA JAZZ SOCIETY

5903 NOBLE AVE
VAN NUYS,CA91411 		NONE   CHARITABLE 33,000

LEADERCOMM GLOBAL COMMUNITY

2345 CRYSTAL DRIVE
ARLINGTON,VA22202 		NONE   CHARITABLE 75,000

LOS ANGELES PHILHARMONIC

151 S GRAND AVE
LOS ANGELES,CA90012 		NONE   CHARITABLE 25,000

LOS ANGELES REGIONAL FOOD BANK

1734 E 41ST ST
LOS ANGELES,CA90058 		NONE   CHARITABLE 100,000

LOUISIANA MUSEUM FOUNDATION

632 DUMAINE ST
NEW ORLEANS,LA70116 		NONE   CHARITABLE 1,070,000

MUSIC CENTER

135 N GRAND AVE
LOS ANGELES,CA90012 		NONE   CHARITABLE 100,000

MUSIC MENDS MINDS INC

2355 WESTWOOD BLVD
LOS ANGELES,CA90064 		NONE   CHARITABLE 20,000

NEO PHILANTHROPY

1001 6TH AVE 12TH FLOOR
NEW YORK,NY10018 		NONE   CHARITABLE 5,000

PACIFIC JAZZ ORCHESTRA

9390 N SANTA MONICA BLVD
BEVERLY HILLS,CA90210 		NONE   CHARITABLE 1,000,000

PEN AMERICA LA PEN CENTER WEST

PO BOX 6037
BEVERLY HILLS,CA90212 		NONE   CHARITABLE 25,000

PICO YOUTH & FAMILY CENTER

715 PICO BLVD
SANTA MONICA,CA90405 		NONE   CHARITABLE 5,000

PLAZA DE LA RAZA

3540 N MISSION RD
LOS ANGELES,CA90031 		NONE   CHARITABLE 25,000

PS ARTS

1728 ABBOT KINNEY BLVD
VENICE,CA90291 		NONE   CHARITABLE 240,000

REDISCOVER

12958 W WASHINGTON BLVD
LOS ANGELES,CA90066 		NONE   CHARITABLE 45,000

RYMAN-CARROLL FOUNDATION PREVIOUSLY RYMAN ARTS

1933 S BROADWAY
LOS ANGELES,CA90007 		NONE   CHARITABLE 25,000

SANTA MONICA YOUTH ORCHESTRA

2200 VIRGINIA AVE
SANTA MONICA,CA90404 		NONE   CHARITABLE 35,000

SKIRBALL CULTURAL CENTER

2701 N SEPULVEDA BLVD
LOS ANGELES,CA90049 		NONE   CHARITABLE 30,000

SOL-LA MUSIC ACADEMY

1812 STANFORD ST
SANTA MONICA,CA90404 		NONE   CHARITABLE 25,000

SOUTHERN CALIFORNIA GRANTMAKERS

1000 N ALAMEDA STS 240
LOS ANGELES,CA90012 		NONE   CHARITABLE 9,100

STRATTON PETIT FOUNDATION

20929 VENTURA BLVD
WOODLAND HILLS,CA91364 		NONE   CHARITABLE 25,000

SYMPHONIC JAZZ ORCHESTRA

PO BOX 1421
CULVER CITY,CA90232 		NONE   CHARITABLE 25,000

THE ACTORS' FUND OF AMERICA

5757 WILSHIRE BLVD
LOS ANGELES,CA90023 		NONE   CHARITABLE 250,000

THE ACTORS' GANG

9070 VENICE BLVD
CULVER CITY,CA90232 		NONE   CHARITABLE 25,000

THE ASCAP FOUNDATION

ONE LINCOLN PLAZA
NEW YORK,NY10023 		NONE   CHARITABLE 35,000

THE CENTER ON PHILANTHROPY AND PUBLIC POLICY

LEWIS HALL 210 UNIVERSITY OF
SOUTHERN CALIFORNIA
LOS ANGELES,CA90089 		NONE   CHARITABLE 10,000

THE GRAMMY MUSEUM FOUNDATION

800 W OLYMPIC BLVD
LOS ANGELES,CA90015 		NONE   CHARITABLE 30,000

THE HARLEM SCHOOL OF THE ARTS

645 ST NICHOLAS AVE
NEW YORK,NY90030 		NONE   CHARITABLE 785,000

THE HARMONY PROJECT

817 VINE ST
LOS ANGELES,CA90038 		NONE   CHARITABLE 150,000

THE INTERNATIONAL TRUMPET GUILD

PO BOX 16207
HATTIESBURG,MS39404 		NONE   CHARITABLE 25,000

THE JAZZ ANGELS

3258 E WILLOW ST
SIGNAL HILL,CA90755 		NONE   CHARITABLE 5,000

THE JAZZ BAKERY

3233 HELMS AVE
LOS ANGELES,CA90034 		NONE   CHARITABLE 30,000

THE JAZZ FOUNDATION

13205 CHELTENHAM DR
SHERMAN OAKS,CA91423 		NONE   CHARITABLE 100,000

THE LIBRARY FOUNDATION OF LOS ANGELES

630 W 5TH ST
LOS ANGELES,CA90071 		NONE   CHARITABLE 25,000

THE PAINTED TURTLE

17000 ELIZABETH LAKE RD
LAKE HUGHES,CA93532 		NONE   CHARITABLE 50,000

THE SOUTHERN POVERTY LAW CENTER

400 WASHINGTON AVE
MONTGOMERY,AL36104 		NONE   CHARITABLE 40,000

THE UNUSUAL SUSPECTS

3719 VERDUGO ROAD
LOS ANGELES,CA90065 		NONE   CHARITABLE 30,000

THE WORLD STAGE

PO BOX 8694
LOS ANGELES,CA90008 		NONE   CHARITABLE 30,000

TOPA INSTITUTE

9739 N OJAI RD
OJAI,CA93023 		NONE   CHARITABLE 1,500

TUNNELS TO TOWERS FOUNDATION

2361 HYLAN BLVD
STATEN ISLAND,NY10306 		NONE   CHARITABLE 5,000

TURNAROUND ARTS CALIFORNIA

12541 BEATRICE ST
LOS ANGELES,CA90066 		NONE   CHARITABLE 100,000

UCLA HERB ALPERT SCHOOL OF MUSIC

1147 MURPHY HALL
LOS ANGELES,CA90095 		NONE   CHARITABLE 1,325,000

VENICE ARTS

1702 LINCOLN BLVD
VENICE,CA90291 		NONE   CHARITABLE 30,000

VERMONT FARM FUND

140 JUNCTION RD
HARDWICK,VT05843 		NONE   CHARITABLE 10,000

VISION TO LEARN

11611 SAN VICENTE BL
LOS ANGELES,CA90049 		NONE   CHARITABLE 25,000

WOMEN UNDER CONSTRUCTION NETWORK

429 GREEN SPRINGS HWY
BIRMINGHAM,AL35209 		NONE   CHARITABLE 5,000

YOUNG STORYTELLERS FOUNDATION

923 E THIRD ST
LOS ANGELES,CA90013 		NONE   CHARITABLE 25,000
Total .................................right arrow 3a 9,819,700
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 ........... 		523000   14 272  
4 Dividends and interest from securities .... 523000   14 1,025,343  
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 ..... 522100   18    
8 Gain or (loss) from sales of assets other than
inventory ............ 		523000   18 51,682,512  
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 52,708,127 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
52,708,127
(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 HERB ALPERT FOUNDATION
 
Employer identification number

95-4191227
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 HERB ALPERT FOUNDATION
  		Employer identification number
95-4191227
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
HERB LANI ALPERT
1414 6TH STREET
 
SANTA MONICA, CA90401

$ 58,777


(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 HERB ALPERT FOUNDATION
  		Employer identification number

95-4191227
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 HERB ALPERT FOUNDATION
  		Employer identification number

95-4191227
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 HERB ALPERT FOUNDATION
EIN:
95-4191227
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 67,299 16,225   0

TY 2023 InvestmentsCorpStockSchedule
Name:
THE HERB ALPERT FOUNDATION
EIN:
95-4191227
Name of Stock End of Year Book Value End of Year Fair Market Value
EQUITY SECURITIES HELD AT NORTHERN TRUST A/C#1981 9,223,347 10,931,586

TY 2023 InvestmentsOtherSchedule2
Name:
THE HERB ALPERT FOUNDATION
EIN:
95-4191227
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENT-OCM PRINCIP OPPORT FD VII FMV 12,930 9,619

TY 2023 LegalFeesSchedule
Name:
THE HERB ALPERT FOUNDATION
EIN:
95-4191227
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 23,856 0   0


TY 2023 OtherAssetsSchedule
Name:
THE HERB ALPERT FOUNDATION
EIN:
95-4191227
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DUE FROM BROKER 0 38,720 38,720


TY 2023 OtherDecreasesSchedule
Name:
THE HERB ALPERT FOUNDATION
EIN:
95-4191227
Description Amount
OTHER DECREASE - CORRECTION OF PRIOR YEAR SECURITIES 21,494,402


TY 2023 OtherExpensesSchedule
Name:
THE HERB ALPERT FOUNDATION
EIN:
95-4191227
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 99,203 0   0
DUES AND SUBSCRIPTIONS 4,633 0   0
EMPLOYEE BENEFITS 77,652 0   0
INSURANCE 12,368 0   0
INVESTMENT FEES 41,589 41,589   0
OFFICE EXPENSE 2,836 0   0
TELEPHONE 1,818 0   0
PUBLIC RELATIONS 75,646 0   0
PAYROLL PROCESSING 3,507 0   0
TRAVEL 49 0   0
OCM PRINC OPP FD VII AIF - PORTFOLIO DEDUCTIONS 10 10   0
OCM PRINC OPP FD VII OTHER DEDUCTIONS 81 81   0
BUILDING - REPAIRS & MAINTENANCE 9,629 0   0
BUILDING - SECURITY 1,412 0   0
BUILDING - UTILITIES 6,665 0   0
BUILDING - OVERHEAD COSTS 11,532 0   0
BUILDING - SUPPLIES 360 0   0
BUILDING - INSURANCE 12,387 0   0
HOSPITALITY 1,390 0   0
FREIGHT/MESSENGER 106 0   0
EDUCATION 1,000 0   0
WEBSITE DESIGN/MAINTENANCE 2,388 0   0
OCM PRINC OPP FD VII 195 195   0


TY 2023 OtherLiabilitiesSchedule
Name:
THE HERB ALPERT FOUNDATION
EIN:
95-4191227
Description Beginning of Year - Book Value End of Year - Book Value
403B LIABILITY 0 925


TY 2023 TaxesSchedule
Name:
THE HERB ALPERT FOUNDATION
EIN:
95-4191227
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 36,993 0   0
BUILDING - PROPERTY TAX 17,151 0   0
STATE TAXES 400 0   0
TAX AND LICENSES 4 0   0
FOREIGN TAX ON DIVIDENDS 62 62   0