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
RAVI AND NAINA PATEL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6501 TRUXTUN AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BAKERSFIELD, CA93309
A Employer identification number

77-0490360
B Telephone number (see instructions)

(661) 322-2206
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$37,998,443J 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) 1,698,787
2 Check right arrow.............
3 Interest on savings and temporary cash investments 38,375 38,375  
4 Dividends and interest from securities... 345,558 345,558  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,758,573
b Gross sales price for all assets on line 6a 4,970,148
7 Capital gain net income (from Part IV, line 2)... 1,758,573
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 384,318
b Less: Cost of goods sold.... 208,618
c Gross profit or (loss) (attach schedule)..... 175,700  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
59,577 56,764  
12 Total. Add lines 1 through 11........ 4,076,570 2,199,270  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,000 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
55,738 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
822 0   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
390,057 79,215   19,683
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 506,617 79,215   19,683
25 Contributions, gifts, grants paid....... 1,323,030 1,323,030
26 Total expenses and disbursements. Add lines 24 and 25 1,829,647 79,215   1,342,713
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,246,923
b Net investment income (if negative, enter -0-) 2,120,055
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............. 4,438,930 2,957,573 2,957,573
2 Savings and temporary cash investments......... 3,161,090 3,093,430 3,093,430
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
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).......... 24,252,665 Click to see attachment
List of Attached Documents:
// Content
31,947,440 		31,947,440
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 31,852,685 37,998,443 37,998,443
Liabilities 17 Accounts payable and accrued expenses.......... 1,877 1,375
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
651,630 		Click to see attachment
List of Attached Documents:
// Content
796,410
23 Total liabilities (add lines 17 through 22)......... 653,507 797,785
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 31,199,178 37,200,658
29 Total net assets or fund balances (see instructions)..... 31,199,178 37,200,658
30 Total liabilities and net assets/fund balances (see instructions). 31,852,685 37,998,443
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
31,199,178
2
Enter amount from Part I, line 27a .....................
2
2,246,923
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,754,557
4
Add lines 1, 2, and 3 ..........................
4
37,200,658
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
37,200,658
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 MERRILL LYNCH #4087 P 2022-09-12 2023-08-21
b MERRILL LYNCH #4087 P 2017-10-23 2023-12-07
c CHARLES SCHWAB #8998 P 2023-01-01 2023-12-31
d CHARLES SCHWAB #6101 P 2015-06-16 2023-11-10
e UBS #2653 P 2014-05-06 2023-05-09
WW OLYMPUS OPPORTUNITY FUND II P 2023-01-01 2023-12-31
TOKAMAK INVESTORS QP, LLC P 2023-01-01 2023-12-31
TOKAMAK INVESTORS QP, LLC P 2023-01-01 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 25,761   34,893 -9,132
b 385,779   358,525 27,254
c 4,450,363   2,772,845 1,677,518
d 6,526   11,090 -4,564
e 100,419   34,222 66,197
912     912
251     251
137     137
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -9,132
b       27,254
c       1,677,518
d       -4,564
e       66,197
      912
      251
      137
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,758,573
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 29,469
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 29,469
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 29,469
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 8,768
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 38,768
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 9,299
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow9,299 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 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 arrowN/A
14
The books are in care ofright arrowPRITESH PATEL Telephone no.right arrow (661) 322-2206

Located atright arrow6501 TRUXTUN AVENUEBAKERSFIELDCA ZIP+4right arrow93309
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
RAVI PATEL PRESIDENT / DIRECTOR
2.00 		0 0 0
6501 TRUXTUN AVENUE
BAKERSFIELD,CA93309
NAINA PATEL VICE PRESIDENT / SECRETARY / DIRECTOR
5.00 		0 0 0
6501 TRUXTUN AVENUE
BAKERSFIELD,CA93309
AMAR PATEL PRESIDENT / DIRECTOR
10.00 		60,000 0 0
6501 TRUXTUN AVENUE
BAKERSFIELD,CA93309
PRITESH PATEL CFO / DIRECTOR
2.00 		0 0 0
6501 TRUXTUN AVENUE
BAKERSFIELD,CA93309
NEERAJ RAMA DIRECTOR
2.00 		0 0 0
6501 TRUXTUN AVENUE
BAKERSFIELD,CA93309
RISHI PATEL DIRECTOR
2.00 		0 0 0
6501 TRUXTUN AVENUE
BAKERSFIELD,CA93309
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 N/A 0
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 N/A 0
2  
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
0
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
25,376,105
b
Average of monthly cash balances.......................
1b
6,942,434
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
32,318,539
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
32,318,539
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
484,778
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
31,833,761
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,591,688
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
1,591,688
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
29,469
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
29,469
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,562,219
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,562,219
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
1,562,219
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
1,342,713
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
1,342,713
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 1,562,219
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......  
b From 2019......  
c From 2020......  
d From 2021...... 1,423,005
e From 2022...... 255,456
f Total of lines 3a through e ........ 1,678,461
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,342,713
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..... 1,342,713
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 219,506 219,506
(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 1,458,955
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) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,458,955
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021.... 1,203,499
d Excess from 2022.... 255,456
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).)
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 e-mail address of the person to whom applications should be addressed:
PRITESH PATEL
6501 TRUXTUN AVENUE
BAKERSFIELD,CA93309
(661) 322-2206
bThe form in which applications should be submitted and information and materials they should include:
LETTER FORMAT
cAny submission deadlines:
N/A
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
N/A
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
AUDREY A LIN


2111 ASHBY AVE APT 5
BERKELEY,CA94705 		NONE INDIVIDUAL GENERAL SUPPORT. 30,000

BAKERSFIELD HOMELESS CENTER

1600 EAST TRUXTUN AVENUE
BAKERSFIELD,CA93309 		  CHARITY MEALS FOR THE HOMELESS 7,237

BRAHMANANDA SARASWATI FOUNDATION

1100 NORTH 4TH ST SUITE 124
FAIRFIELD,IA52556 		  CHARITY TO SECURE PEACE, AFFLUENCE AND INVINCIBILITY FOR LIFE EVERYWHERE ON EARTH BY PROVIDING PREPETUAL SUPPORT FOR LARGE GROUPS PRACTICING TRANSENDENTAL MEDITATION. 70,000

CATHOLIC CHARITIES

825 CHESTER AVE
BAKERSFIELD,CA93301 		  CHARITY GENERAL SUPPORT. 20,000

CHINMAYA MISSION

1723 COUNTRY BREEZE PL
BAKERSFIELD,CA93312 		  CHARITY TO PROVIDE TO INDIVIDUALS FROM ANY BACKGROUND, THE WISDOM OF VENDANTA AND THE PRACTICAL MEANS FOR SPIRITUAL GROWTH AND HAPPINESS, ENABLING THEM TO BECOME POSITIVE CONTRIBUTORS TO SOCIETY 1,250
CHRISTINE MCBRIDE


3110 STONE MEADOW DRIVE
BAKERSFIELD,CA93313 		NONE INDIVIDUAL GENERAL SUPPORT. 30,682

CRISIS IN SYRIA RESCUE ORG

122 EAST 42ND STREET
NEW YORK,NY101681289 		  CHARITY A GLOBAL HUMANITARIAN AID, RELIEF, AND DEVELOPMENT NONGOVERNMENTAL ORGANIZATION. 5,000

CSUB FOUNDATION

9001 STOCKDALE HIGHWAY
BAKERSFIELD,CA93311 		  CHARITY ACADEMIC SUPPORT. 200,000

ECKHART TOLLE FOUNDATION

PO BOX 1020
LAFAYETTE,CO80026 		  CHARITY GENERAL SUPPORT. 10,000

FRESNO STATE FOUNDATION

4910 N CHESTNUT AVE
FRESNO,CA93726 		  CHARITY ACADEMIC SUPPORT. 500,000

GLOBAL CAPITAL OF WORLD PEACE INC

1000 PURUSHA PL SUITE 105
ROMNEY,WV26757 		  CHARITY AN ORGANIZATION FOCUSED ON PROMOTING WORLD PEACE BY SUPPORTING THE CREATION AND OPERATION OF RESIDENTIAL MEDITATION CENTERS. 10,001

HINDU AMERICAN FOUNDATION

6700 VALLEYVIEW DRIVE
BAKERSFIELD,CA93306 		  CHARITY GENERAL SUPPORT 20,000
JANET RODRIGUEZ


10270 ARROW ROCK AVE
SAN DIEGO,CA92126 		NONE INDIVIDUAL EDUCATION GRANT RECIPIENT 6,382

JOSHUA'S HOUSE

5025 J STREET SUITE 311
SACRAMENTO,CA95819 		  CHARITY GENERAL SUPPORT 50,000

MAHARISHI PURUSHA PROGRAM - REIMBURSEMENT TO PARTICIPANTS

1000 PURUSHA PL 104
ROMNEY,WV26757 		  CHARITY TO THOSE WHO WISH TO DEDICATE THEMSELVES FULLY TO THE MOST RAPID PACE OF EVOLUTION POSSIBLE 15,450

MAHARISHI PURUSHA PROGRAM

1000 PURUSHA PL 104
ROMNEY,WV26757 		  CHARITY TO THOSE WHO WISH TO DEDICATE THEMSELVES FULLY TO THE MOST RAPID PACE OF EVOLUTION POSSIBLE 1,000

MINDFUL LIFE PROJECT

1001 CANAL BLVD SUITE A
RICHMOND,CA94804 		  CHARITY ACADEMIC SUPPORT. 10,000

MIT RSO GIFT RECEIPTS

1000 NORTH 4TH STREET
FAIRFIELD,IA52556 		  CHARITY GENERAL SUPPORT. 20,000
NIPUN MEHTA


2029 CHANNING WAY 4E
BERKELEY,CA94704 		NONE INDIVIDUAL GENERAL SUPPORT. 100,000

NO PAWS LEFT BEHIND

PO BOX 20970
BAKERSFIELD,CA93390 		  CHARITY TO SAVE ADOPTABLE ANIMALS FROM KERN COUNTY SHELTERS WHO ARE IN DANGER OF BEING EUTHANIZED DUE TO OVERCROWDED FACILITIES 500

OPEN DOOR NETWORK

1921 19TH STREET
BAKERSFIELD,CA93301 		  CHARITY GENERAL SUPPORT 75,000

RAAM RAJ FOUNDATION

PO BOX 2092
FAIRFIELD,IA52556 		  CHARITY TO DEVELOP LIFE ON THE INDIVIDUAL, COMMUNITY, NATIONAL AND WORK LEVEL, INCLUDING, WITHOUT LIMITATION, CREATING WORK PEACE. 5,536

RODALE INSTITUTE CALIFORNIA ORGANIC CENTER

1014 W VENTURA BLVD
CAMARILLO,CA93010 		  CHARITY GENERAL SUPPORT. 75,000

SOIL HEALTH INSTITUTE

2803 SLATER RD SUITE 115
MORRISVILLE,NC27560 		  CHARITY TO ADDRESS THE NEEDS OF FARMERS, RANCHERS, CONSERVATIONISTS, POLICYMAKERS, AND SOCIERTY BY ENRICHING SOIL, ENCHANCING LIFE. 50,000

ST VINCENT DE PAUL

300 BAKER ST
BAKERSFIELD,CA93305 		  CHARITY ORGANIZATION THAT SUPPORTS THE LOW INCOME, POOR, AND HOMELESS OF KERN COUNTY, CALIFORNIA. 2,500

THE UNIVERSITY OF TENNESSEE HEALTH SCIENCE CENTER

920 MADISON AVE
MEMPHIS,TN93816 		  CHARITY ACADEMIC SUPPORT. 7,492
Total .................................right arrow 3a 1,323,030
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 38,375  
4 Dividends and interest from securities ....     14 345,558  
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 531190        
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....         59,577
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,758,573  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory 722514 175,700      
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 175,700 2,142,506 59,577
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,377,783
(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.)
7 N/A
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
RAVI AND NAINA PATEL FOUNDATION
 
Employer identification number

77-0490360
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
RAVI AND NAINA PATEL FOUNDATION
  		Employer identification number
77-0490360
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
RAVI PATEL MD INC DBA CBCC
 
6501 TRUXTON AVENUE
 
BAKERSFIELD, CA93309

$ 1,500,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
SHRI PADMAVATI SHAKTI PEETH INC
 
1 MANSION HILLS DR
 
SYOSSET, NY11791

$ 75,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
KIRIT NAIK
 
892 CHATHAM DRIVE
 
CARL STREAM, IL60188

$ 24,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
GIRISH N DESAI
 
12001 FESSLER LN
 
BAKERSFIELD, CA93311

$ 8,025


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
PERFUME CENTER OF AMERICA INC
 
2020 OCEAN AVE
 
RONKONKOMA, NY11779

$ 12,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
JSCVA
 
11909 LERADE CT
 
GLEN ALLEN, VA23059

$ 79,262


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
RAVI AND NAINA PATEL FOUNDATION
  		Employer identification number

77-0490360
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
RAVI AND NAINA PATEL FOUNDATION
  		Employer identification number

77-0490360
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:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL AND ACCOUNTING 55,738 0   0

TY 2023 AllOthProgRltdInvestmentsSch
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Category Amount
NONE 0

TY 2023 InvestmentsOtherSchedule2
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
N/R ASHISH DESAI AT COST 1,000,000 1,000,000
JP MORGAN #2255 AT COST 1,213,488 1,213,488
SCHWAB #8998 AT COST 11,867,065 11,867,065
UBS # 2653 AT COST 1,988,757 1,988,757
AKIDO LABS, INC. AT COST 1,750,000 1,750,000
BREP VII COMMERCIAL REAL ESTATE AT COST 180,156 180,156
FRANCISCO PARTNERS III, L.P. AT COST 7,812 7,812
FRANCISCO PARTNERS III (CAYMAN) AT COST 260,194 260,194
FRANCISCO PARTNERS III (DOMESTI AT COST 151,137 151,137
ROCKET GLOBAL INNOVATION FUND AT COST 370,119 370,119
WW CAPE HOUSE INVESTORS LLC AT COST 123,624 123,624
WW MULTISTATE TRADEWINDS LLC AT COST 45,520 45,520
WW OLYMPUS OPPORTUNITY FUND II AT COST 32,237 32,237
WW OLYMPUS PROPERTY IV LLC AT COST 8,786 8,786
WW OLYMPUS PROPERTY V LLC AT COST 12,684 12,684
WW OLYMPUS PROPERTY VI LLC AT COST 18,056 18,056
WCW MULTISTATE WALDEN LLC AT COST 310,537 310,537
TOKAMAK INVESTORS LLC AT COST 500,000 500,000
EDUCATION LOANS AT COST 796,410 796,410
WW OLYMPUS MOSAIC LLC AT COST 32,103 32,103
OLYMPUS OPPORTUNITY FUND 4 AT COST 59,104 59,104
WW CACTUS 88 HOLDING LLC AT COST 87,090 87,090
WW DEERWOOD LP AT COST 46,626 46,626
WW ELEVATION PROPERTY LP AT COST 150,078 150,078
WW FENWICK VILLAGE LP AT COST 17,526 17,526
WW KATY RANCH ROAD LP AT COST 30,278 30,278
WW MULTISTATE PROPERTIES I LLC AT COST 1,089 1,089
WW OLYMPUS 7TH STREET LP AT COST 7,600 7,600
WW OLYMPUS MIDTOWN AT COST 7,325 7,325
WW OLYMPUS SAVANNAH QUARTERS INVESTORS LLC AT COST 35,388 35,388
WW PRESERVE INVESTORS LLC AT COST 7 7
WW RENAISSANCE INVESTORS LLC AT COST 65,300 65,300
WW ROSS AVENUE LP AT COST 21,101 21,101
WW ROSEMADE INVESTORS LLC AT COST 62,872 62,872
WW UNION CARROLTTON LLC AT COST 33,947 33,947
WW WOODBRIDGE LP AT COST 9,611 9,611
WW WESTOVER INVESTORS LLC AT COST 22,068 22,068
WW 8889 COOK RANCH ROAD LP AT COST 70,992 70,992
PERSHING INVESTMENT AT COST 10,550,753 10,550,753

TY 2023 OtherExpensesSchedule
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMMUNITY AWARENESS/DINNER FOR HOMELESS 9,845 0   9,845
INVESTMENT FEES 47,151 47,151   0
NONDEDUCTIBLE EXPENSES FROM PASSTHROUGHS 333 333   0
OTHER EXPENSES - UBIT 275,773 0   0
OTHER EXPENSES FROM PASSTHROUGHS 21,536 21,536   0
OUTSIDE SERVICES 941 0   941
NET RENTAL REAL ESTATE LOSS FROM PASSTHROUGHS 25,075 9,689   0
LICENSES AND PERMITS 200 0   200
POSTAGE AND DELIVERY 371 0   371
OTHER EXPENSES 8,326 0   8,326
INVESTMENT INTEREST 506 506   0


TY 2023 OtherIncomeSchedule2
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME FROM PASSTHROUGHS 72,537 72,537 72,537
SECTION 1231 GAIN FROM PASSTHROUGHS 17,111 17,111 17,111
ORDINARY INCOME FROM PASSTHROUGHS -30,113 -32,926 -30,113
ROYALTY INCOME FROM PASSTHROUGHS 42 42 42


TY 2023 OtherIncreasesSchedule
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Description Amount
PRIOR PERIOD ADJUSTMENT 154,010
UNREALIZED GAIN/LOSSES 3,600,547


TY 2023 OtherLiabilitiesSchedule
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT BALANCE IN INVESTMENT - WW MULTISTATE PROPERTIES I LLC 153,874 0
CREDIT BALANCE IN INVESTMENT - WW PRESERVE INVESTORS, LLC 29,618 0
CREDIT BALANCE IN INVESTMENT - WW ROSEMEADE INVESTORS, LLC 20,590 0
CREDIT BALANCE IN INVESTMENT - WW CACTUS 88 HOLDINGS, LLC 1,947 0
CREDIT BALANCE IN INVESTMENT - WW ROSS AVENUE LP 494 0
CREDIT BALANCE IN INVESTMENT - WW ELEVATION PROPERTY LP 1,075 0
CREDIT BALANCE IN INVESTMENT - WW OLYMPUS MIDTOWN 2,221 0
CREDIT BALANCE IN INVESTMENT - WW UNION MIDTOWN 3,085 0
CREDIT BALANCE IN INVESTMENT - WW WOODBRIDGE LP 751 0
CREDIT BALANCE IN INVESTMENT - WW KATY RANCH ROAD LP 8,139 0
CREDIT BALANCE IN INVESTMENT - WW OLYMPUS 7TH STREET 927 0
CREDIT BALANCE IN INVESTMENT - WW RENAISSANCE INVESTORS, LLC 1,869 0
CREDIT BALANCE IN INVESTMENT - WW WESTOVER INVESTORS, LLC 4,080 0
CREDIT BALANCE IN INVESTMENT - WCW DAVIS INVESTOR LLC 594 0
CREDIT BALANCE IN INVESTMENT - ALLOWANCE - EDUCATIONAL LOANS 422,366 796,410


TY 2023 TaxesSchedule
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 145 0   0
FEDERAL TAX 677 0   0