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
WILLIAM S PALEY FOUNDATION INC
co ODONOGHUE & LAMB CPAS PLLC
Number and street (or P.O. box number if mail is not delivered to street address)3630 HILL BOULEVARD 202
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
JEFFERSON VALLEY, NY10535
A Employer identification number

13-6085929
B Telephone number (see instructions)

(914) 769-5005
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$183,072,484J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 130,635 130,635  
4 Dividends and interest from securities... 4,180,814 4,180,814  
5a Gross rents............ 603,225 603,225  
b Net rental income or (loss) 1,183
6a Net gain or (loss) from sale of assets not on line 10 31,592,351
b Gross sales price for all assets on line 6a 46,330,477
7 Capital gain net income (from Part IV, line 2)... 31,592,351
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-1,862,005 -1,866,148  
12 Total. Add lines 1 through 11........ 34,645,020 34,640,877  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 190,246 95,123   95,123
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
80,628 72,813   16,999
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
156,801 15,681   125,571
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,086,497 2,068,567   30,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
808,662 62,033   5,930
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
84,024    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
630,854 623,110   20,317
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,037,712 2,937,327   293,940
25 Contributions, gifts, grants paid....... 23,555,174 38,417,470
26 Total expenses and disbursements. Add lines 24 and 25 27,592,886 2,937,327   38,711,410
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,052,134
b Net investment income (if negative, enter -0-) 31,703,550
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............. 434,837 346,350 346,350
2 Savings and temporary cash investments......... 42,935,813 39,984,868 39,984,868
3 Accounts receivable right arrow366,347
Less: allowance for doubtful accounts right arrow   233,212 366,347 366,347
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.......... 112,873 15,436 15,436
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 42,650,247 Click to see attachment
List of Attached Documents:
// Content
49,855,146 		49,855,146
c Investments—corporate bonds (attach schedule)....... 16,499,038 Click to see attachment
List of Attached Documents:
// Content
21,704,397 		21,704,397
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).......... 40,374,994 Click to see attachment
List of Attached Documents:
// Content
45,799,940 		45,799,940
14 Land, buildings, and equipment: basis right arrow8,971,037
Less: accumulated depreciation (attach schedule) right arrow1,806,532 2,338,259 Click to see attachment
List of Attached Documents:
// Content
7,164,505 		25,000,000
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 145,579,273 165,236,989 183,072,484
Liabilities 17 Accounts payable and accrued expenses.......... 810,773 728,708
18 Grants payable................. 21,154,018 6,291,720
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
72,714,642 		Click to see attachment
List of Attached Documents:
// Content
82,515,785
23 Total liabilities (add lines 17 through 22)......... 94,679,433 89,536,213
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........... 50,899,840 75,700,776
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 50,899,840 75,700,776
30 Total liabilities and net assets/fund balances (see instructions). 145,579,273 165,236,989
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
50,899,840
2
Enter amount from Part I, line 27a .....................
2
7,052,134
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
27,234,789
4
Add lines 1, 2, and 3 ..........................
4
85,186,763
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
9,485,987
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
75,700,776
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.)
1a
b
c
d
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
b
c
d
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
b
c
d
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 31,592,351
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 -834,646
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) 1 440,679
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  
3 Add lines 1 and 2........................... 3 440,679
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 440,679
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 407,674
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 75,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 482,674
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 1,082
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 40,913
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow40,913 Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 arrowNY
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 arrowODONOGHUE & LAMB CPAS PLLC Telephone no.right arrow (914) 769-5005

Located atright arrow3630 HILL BOULEVARD SUITE 202JEFFERSON VALLEYNY ZIP+4right arrow105351513
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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
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)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
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
PATRICK S GALLAGHER Executive Dir.
16.00 		190,246    
3630 HILL BLVD STE 202
JEFFERSON VALLEY,NY105351513
HENRY A KISSINGER THRU 1123 CHAIRMAN/DIR
1.00 		0    
3630 HILL BLVD STE 202
JEFFERSON VALLEY,NY105351513
WILLIAM C PALEY Vice President
1.00 		0    
3630 HILL BLVD STE 202
JEFFERSON VALLEY,NY105351513
DANIEL L MOSLEY TREAS&SEC/DIR
1.00 		0    
3630 HILL BLVD STE 202
JEFFERSON VALLEY,NY105351513
FAIZA J SAEED Director
1.00 		0    
3630 HILL BLVD STE 202
JEFFERSON VALLEY,NY105351513
JACQUELINE SCALISI Director
1.00 		0    
3630 HILL BLVD STE 202
JEFFERSON VALLEY,NY105351513
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  
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
RUANE CUNNIFF & CO ADVISORY & CUSTODY 336,923
767 FIFTH AVENUE
NEW YORK,NY10153
JOHN GALLIN & SON INC CONSTRUCTION 4,241,114
102 MADISON AVE
NEW YORK,NY10016
ZUBATKIN OWNER REPRESENTATION LLC PROJECT MANAGEMENT 301,873
333 WEST 52ND STREET
NEW YORK,NY10019
GUGGENHEIM ASHER ASSOCIATES INC CONSULTING 733,672
511 AVENUE OF THE AMERICAS STE 227
NEW YORK,NY10011
FRADKIN & MCALPIN ARCHITECTS LLP CONSTRUCTION 195,125
39 WEST 37TH STREET 18TH FLOOR
NEW YORK,NY10018
Total number of others receiving over $50,000 for professional services.............right arrow5
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 arrow  
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
184,376,301
b
Average of monthly cash balances.......................
1b
493,301
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
184,869,602
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
 
3
Subtract line 2 from line 1d.........................
3
184,869,602
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,773,044
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
182,096,558
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
9,104,828
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
9,104,828
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
440,679
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
440,679
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
8,664,149
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
8,664,149
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
8,664,149
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
38,711,410
b
Program-related investments—total from Part VIII-B..................
1b
 
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
38,711,410
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 8,664,149
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020...... 1,107,435
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 1,107,435
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 38,711,410
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 8,664,149
e Remaining amount distributed out of corpus 30,047,261
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 31,154,696
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		31,154,696
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020.... 1,107,435
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 30,047,261
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:
PATRICK S GALLAGHER
3630 HILL BOULEVARD SUITE 202
JEFFERSON VALLEY,NY105351513
bThe form in which applications should be submitted and information and materials they should include:
NO PARTICULAR FORM REQUIRED, BUT FULL FINANCIAL INFORMATION SHOULD BE DISCLOSED.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
UNDER THE PROVISION OF THE FOUNDATION'S CHARTER, NO GRANTS MAY BE MADE TO INDIVIDUALS.
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
THE GREENPARK FOUNDATION


3630 HILL BOULEVARD SUITE 202
JEFFERSON VALLEY,NY10535 		NONE POF PALEY PARK - PROGRAM SUPPORT 1,424,199
CLEAN SOBER STREETS INC


P O BOX 77114
WASHINGTON,DC20013 		NONE PC GENERAL OPERATING SUPPORT 20,000
THE JERUSALEM FOUNDATION


60 EAST 42ND STREET
NEW YORK,NY10165 		NONE PC PALEY ART CENTER 100,000
THE MUSEUM OF MODERN ART


11 WEST 53RD STREET
NEW YORK,NY10019 		NONE PC GENERAL OPERATING SUPPORT 110,000
THE PALEY CENTER FOR MEDIA


25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC GENERAL OPERATING SUPPORT 2,884,935
THE PALEY CENTER FOR MEDIA


25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC PALEY TELEVISON FESTIVAL 491,397
OXFORD HOUSE


1010 WAYNE AVENUE
SILVER SPRING,MD20910 		NONE PC GENERAL OPERATING SUPPORT 20,000
WASHINGTON PROJECT FOR THE ART


500 SEVENTEENTH STREET NW
WASHINGTON,DC20006 		NONE PC GENERAL OPERATING SUPPORT 20,000
BOYS GIRLS CLUB OF GREENWICH


4 HORSENECK LANE
GREENWICH,CT06830 		NONE PC GENERAL OPERATING SUPPORT 5,000
WEST HILL POND ASSOCIATION


29 WHITE PINE LANE
WEST HARTFORD,CT06107 		NONE PC GENERAL OPERATING SUPPORT 12,500
SO OTHERS MAY EAT


71 O STREET NW
WASHINGTON,DC20001 		NONE PC GENERAL OPERATING SUPPORT 20,000
MADISON SQUARE BOYS GIRLS CLUB FOUN


250 BRADHURST AVE
NEW YORK,NY10039 		NONE PC ADA CONSULTING 50,000
NATIONAL COALITION FOR HOMELESS VET


333 1/2 PENNSYLVANIA AVENUE SE
WASHINGTON,DC20003 		NONE PC GENERAL OPERATING SUPPORT 20,000
REACH PREP


ONE DOCK STREET
STAMFORD,CT06902 		NONE PC GENERAL OPERATING SUPPORT 70,000
THE PALEY CENTER FOR MEDIA


25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC GENERAL OPERATING SUPPORT 75,000
WORLD CENTRAL KITCHEN


655 New York Ave NW 6th Floor
Washington,DC20001 		NONE PC General Operating Support 50,000
TOMLINSON MIDDLE SCHOOL PTA


200 Unquowa Road
Fairfield,CT06824 		NONE PC ART DEPARTMENT 10,000
MGA CADDIE SCHOLARSHIP FUND


49 KNOLLWOOD ROAD
ELMSFORD,NY10523 		NONE PC General Operating Support 5,000
NEW YORK HOSPITAL


850 THIRD AVENUE 12TH FLOOR
NEW YORK,NY10022 		NONE PC GENERAL OPERATING SUPPORT 10,000
SAFE HORIZON INC


2 LAFAYETTE ST 3RD FLOOR
NEW YORK,NY10007 		NONE PC GENERAL OPERTAING SUPPORT 2,500
AMERICAN FRIENDS OF THE POLIN MUSEU


15 EAST 65TH STREET 4TH FL
NEW YORK,NY10065 		NONE PC GENERAL OPERATING SUPPORT 50,000
SANTA MONICA TEMPLE ASSOCIATION CON


1827 CALIFORNIA AVE
SANTA MONICA,CA90403 		NONE PC GENERAL OPERATING SUPPORT 25,000
THE JERUSALEM FOUNDATION


60 EAST 42ND STREET
NEW YORK,NY10165 		NONE PC INNOVATION FUND 50,000
THE MUSEUM OF MODERN ART


11 WEST 53RD STREET
NEW YORK,NY10019 		NONE PC GENERAL OPERATING SUPPORT 32,891,939
Total .................................right arrow 3a 38,417,470
bApproved for future payment
THE PALEY CENTER FOR MEDIA

25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC PCM 2ND FLOOR THEATRE 2,000,000
NEW YORK PRESBYTERIAN HOSPTIAL

525 EAST 68TH STREET BOX 123
NEW YORK,NY10065 		NONE PC GENERAL OPERATING SUPPORT 10,000
THE PALEY CENTER FOR MEDIA

25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC PALEY TELEVISION FESTIVAL 500,000
THE JERUSALEM FOUNDATION

60 EAST 42ND STREET
NEW YORK,NY10165 		NONE PC GENERAL OPERATING SUPPORT 100,000
THE MUSEUM OF MODERN ART

11 WEST 53RD STREET
NEW YORK,NY10019 		NONE PC GENERAL OPERATING SUPPORT 110,000
THE PALEY CENTER FOR MEDIA

25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC GENERAL PROGRAM 1,133,612
THE PALEY CENTER FOR MEDIA

25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC WSP HOLLYWOOD HISTORIC TRUST - WALK OF FAME 30,000
THE PALEY CENTER FOR MEDIA

25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC LOBBY RENOVATION 1,000,000
THE PALEY CENTER FOR MEDIA

25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC GENERAL OPERATING SUPPORT 775,106
THE JERUSALEM FOUNDATION

60 EAST 42ND STREET
NEW YORK,NY10165 		NONE PC Innovation 100,000
THE JERUSALEM FOUNDATION

60 EAST 42ND STREET
NEW YORK,NY10165 		NONE PC CAPITAL PLEDGE 533,000
Total ................................. right arrow 3b 6,291,718
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 ........... 		    14 130,635  
4 Dividends and interest from securities ....     14 4,180,814  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 1,183  
6 Net rental income or (loss) from personal property          
7 Other investment income ..... 523000 4,143 14 5,597  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 31,592,351  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aBBH ALTAROCK - K1 LTG 		    18 2,936  
bBBH ALTAROCK - K1 STG     18 -2,373  
cBBH ALTAROCK PARK - K1 LTG     18 -1,949  
dBBH ALTAROCK PARK - K1 STG     18 2,411  
eBBH ALTAROCK PCM - K1 LTG     18 -6,779  
fBBH ALTAROCK PCM - K1 STG     18 8,387  
gBBH BARES - K1 LTG     18 -247,547  
hBBH BARES PARK - K1 LTG     18 -212,182  
iBBH BARES PCM - K1 LTG     18 -671,912  
jBBH VALEY FORGE PCM - K1 LTG     18 -90,506  
kBBH VALLEY FORGE K1- LTG     18 -33,344  
lBBH VALLEY FORGE PARK - K1 LTG     18 -28,581  
mHIMALAYA K1 - LTG     18 -169,041  
nHIMALAYA K1 - STG     18 -2,894  
oHIMALAYA PARK K1 - LTG     18 -112,695  
pHIMALAYA PARK K1 - STG     18 -1,929  
qHIMALAYA PCM K1 - LTG     18 -298,635  
rHIMALAYA PCM K1 - STG     18 -5,112  
12 Subtotal. Add columns (b), (d), and (e) .. 4,143 34,038,835  
13Total. Add line 12, columns (b), (d), and (e)..................
13
34,042,978
(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: 23017517
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
 
co ODONOGHUE & LAMB CPAS PLLC
EIN:
13-6085929
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT 41,001 4,101 0 31,185
TAX & ACCOUNTING 115,800 11,580 0 94,386

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

TY 2023 DepreciationSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
 
co ODONOGHUE & LAMB CPAS PLLC
EIN:
13-6085929
Software ID:
23017517
Software Version:
2023v5.1
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
BUILIDING IMPROVEMENTS 2006-09-28 29,650 15,808 SL 30.0000 988      
ELEVATOR IMPROVEMENTS 2012-10-01 355,498 121,462 SL 30.0000 11,850      
LOCAL LAW 11 IMPROVEMENTS 2012-07-01 96,081 33,631 SL 30.0000 3,203      
ELEVATOR IMPROVEMENTS 2013-10-01 30,562 9,426 SL 30.0000 1,019      
LOCAL LAW 11 IMPROVEMENTS 2013-07-01 802,108 253,300 SL 30.0000 26,737      
LOCAL LAW 11 IMPROVEMENT 2014-03-01 119,905 35,307 SL 30.0000 3,997      
BACKFLOW DEVICE 2015-03-31 5,508 1,426 SL 30.0000 184      
STEAM TRAP 2015-03-31 6,147 1,589 SL 30.0000 205      
LOCAL LAW 11 IMPROVEMENTS 2016-10-01 20,882 4,350 SL 30.0000 696      
LOCAL LAW 26 IMPROVEMENTS 2016-10-13 3,500 731 SL 30.0000 117      
LOCAL LAW 11 IMPROVEMENTS 2017-07-01 145,866 26,741 SL 30.0000 4,862      
LOCAL LAW 26 IMPROVEMENTS 2017-07-01 35,553 6,518 SL 30.0000 1,185      
LOCAL LAW 11 IMPROVEMENTS 2018-07-01 248,165 37,224 SL 30.0000 8,272      
AC COMPRESSOR 2018-07-01 6,870 4,415 SL 7.0000 981      
STORAGE TANK 2020-01-01 40,000 17,142 SL 7.0000 5,714      
ELEVATOR DOOR LOCK MONITORING 2020-01-01 5,649 2,421 SL 7.0000 807      
LOCAL LAW 26 IMPROVEMENTS 2020-07-01 66,033 33,017 SL 5.0000 13,207      

TY 2023 InvestmentsCorpBondsSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
 
co ODONOGHUE & LAMB CPAS PLLC
EIN:
13-6085929
Software ID:
23017517
Software Version:
2023v5.1
Name of Bond End of Year Book Value End of Year Fair Market Value
JPM CORE PLUS 144,861 144,861
VANGUARD TOTAL BOND    
VANGUARD TOTAL INTERNATION    
JPM MTGE BACKED SEC FD - R6    
SIX CIRCLES CREDIT OPPORT 140,073 140,073
SIX CIRCLES GLOBAL BOND 1,410,469 1,410,469
VANGUARD TOTAL BOND MARKET 1,608,245 1,608,245
VANGUARD TTL INTL BND-ADM 2,256,226 2,256,226
BARES MID/LARGE CAP SERIES 1,500,755 1,500,755
ALTAROCK PARTNERS SERIES 8,854,463 8,854,463
VALLEY FORGE LARGE CAP 4,459,754 4,459,754
I SHARES 3-7 YEAR TREASURY BO 84,919 84,919
I SHARES TRUST ISHARES 1-5 YEAR 47,686 47,686
VANGUARD SHORT-TERM BOND ETF    
ISHARES 20+ YEAR TREASURY BO 183,620 183,620
ISHARES 7-1O YEAR TREASURY 481,468 481,468
ISHARES MBS ETF 296,352 296,352
JPM CORPORATE BOND FD-USD-R6 53,655 53,655
JPM INCOME FUND -USD-R6 ISIN 84,280 84,280
PIMCO INV GRD CRD BND-INST 80,779 80,779
BLACKROCK HI YLD BND PORT-K 16,792 16,792

TY 2023 InvestmentsCorpStockSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
 
co ODONOGHUE & LAMB CPAS PLLC
EIN:
13-6085929
Software ID:
23017517
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
BERKSHIRE HATHAWAY, INC 2,615,890 2,615,890
DIAGEO PLC 229,851 229,851
NESTLE S A A/D/R 218,541 218,541
ROLLS ROYCE GROUP PLC 2,132,347 2,132,347
JACOBS ENGINEERING GROUP INC 1,431,045 1,431,045
ALPHABET INC 3,631,471 3,631,471
CELANESE CORP    
ORACLE CORP 471,483 471,483
CARMAX 1,262,373 1,262,373
CONSTELLANTION SOFTWARE 2,680,836 2,680,836
LIBERTY MEDIA GROUP 1,832,201 1,832,201
MASTERCARD INC 719,096 719,096
CHARLES SCHWAB CORP 2,316,909 2,316,909
ZOETIS INC 573,360 573,360
CREDIT ACCEPTANCE CORP 1,471,400 1,471,400
BOOKING HOLDINGS 503,705 503,705
BROWN-FORMAN CORP    
COPART INC 276,752 276,752
DOLLAR GENERAL    
FACEBOOK (META PLATFORMS INC) 885,608 885,608
KLA-TENCOR CORP 578,975 578,975
LIBERTY BROADBAND 1,245,588 1,245,588
LINDE 757,760 757,760
EUROFINS SCIENTIFIC 1,628,676 1,628,676
TAIWAN SEMICONDUCTOR 1,619,904 1,619,904
ALCON INC 522,076 522,076
PROSUS NV    
ARTHUR J. GALLAGHER & CO 549,157 549,157
COLGATE-PALMOLIVE CO    
COSTCO WAREHOUSE 431,692 431,692
SMITH A.O.    
UNITEDHEALTH CORP 2,514,947 2,514,947
WAYFAIR INC    
WASTE MANAGEMENT INC 540,882 540,882
AMAZON.COM INC 422,089 422,089
BAXTER INTERNATIONAL INC    
GRACO INC    
INTERCONTINENTAL EXCHANGE IN 3,031,076 3,031,076
NETFLIX    
NIKE INC - CL B 409,743 409,743
PROGRESSIVE CORP 535,818 535,818
STARBUCKS CORP    
THERMO FISHER SCIENTIFIC INC 460,195 460,195
WALT DISNEY CO/THE    
ABBOTT LABORATORIES 414,634 414,634
ANTHEM INC    
MICRON TECHNOLOGY INC    
S&P GLOBAL INC 392,944 392,944
SHERWIN-WILLIAMS CO/THE    
UNIVERSAL MUSIC GROUP NV 2,138,953 2,138,953
ADOBE INC 390,773 390,773
BLACKROCK II-FLOAT RAT-K 143,286 143,286
CAPITAL ONE FINANCIAL CROP 1,653,161 1,653,161
ELEVANCE HEALTH INC 2,294,139 2,294,139
MICROSOFT CORP 751,328 751,328
SAP SE 1,620,423 1,620,423
SIGNATURE BANK    
TEXAS INSTRUMENTS 308,021 308,021
ASHTEAD GROUP PLC 1,172,841 1,172,841
LUMINE GROUP INC 73,197 73,197

TY 2023 InvestmentsOtherSchedule2
Name:
WILLIAM S PALEY FOUNDATION INC
 
co ODONOGHUE & LAMB CPAS PLLC
EIN:
13-6085929
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SELECT EQUITY PARTNERSHIP FMV 33,047,892 33,047,892
HIMALAYA CAPITAL FMV 10,203,806 10,203,806
MOONRISE FMV 2,548,242 2,548,242

TY 2023 LandEtcSchedule2
Name:
WILLIAM S PALEY FOUNDATION INC
 
co ODONOGHUE & LAMB CPAS PLLC
EIN:
13-6085929
Software ID:
23017517
Software Version:
2023v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and Fixtures 10,798 10,798    
Machinery and Equipment 14,640 14,640    
Buildings 379,455 379,455   8,835,495
Improvements 8,225,544 1,391,484 6,834,060 7,164,505
Land 330,445   330,445 9,000,000
Miscellaneous 10,155 10,155    


TY 2023 LegalFeesSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
 
co ODONOGHUE & LAMB CPAS PLLC
EIN:
13-6085929
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATION 80,628 72,813 0 16,999


TY 2023 OtherDecreasesSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
 
co ODONOGHUE & LAMB CPAS PLLC
EIN:
13-6085929
Software ID:
23017517
Software Version:
2023v5.1
Description Amount
NET CHANGE FOR GREENPARK ENDOWMENT 2,374,106
NET CHANGE FOR PALEY CENTER FOR MEDIA ENDOWMENT 7,111,881


TY 2023 OtherExpensesSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
 
co ODONOGHUE & LAMB CPAS PLLC
EIN:
13-6085929
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FILING FEES 1,500      
FOREIGN EXCHANGE 50 50    
GENERAL INSURANCE 24,233 21,018   16,348
PAYROLL PROCESSING FEES 730     730
Rental Expenses 602,042 602,042    
SUPPLIES 2,299     3,239


TY 2023 OtherIncomeSchedule2
Name:
WILLIAM S PALEY FOUNDATION INC
 
co ODONOGHUE & LAMB CPAS PLLC
EIN:
13-6085929
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
BBH ALTAROCK - K1 LTG 2,936 2,936  
BBH ALTAROCK - K1 STG -2,373 -2,373  
BBH ALTAROCK PARK - K1 LTG -1,949 -1,949  
BBH ALTAROCK PARK - K1 STG 2,411 2,411  
BBH ALTAROCK PCM - K1 LTG -6,779 -6,779  
BBH ALTAROCK PCM - K1 STG 8,387 8,387  
BBH BARES - K1 LTG -247,547 -247,547  
BBH BARES PARK - K1 LTG -212,182 -212,182  
BBH BARES PCM - K1 LTG -671,912 -671,912  
BBH VALEY FORGE PCM - K1 LTG -90,506 -90,506  
BBH VALLEY FORGE K1- LTG -33,344 -33,344  
BBH VALLEY FORGE PARK - K1 LTG -28,581 -28,581  
HIMALAYA K1 - LTG -169,041 -169,041  
HIMALAYA K1 - STG -2,894 -2,894  
HIMALAYA PARK K1 - LTG -112,695 -112,695  
HIMALAYA PARK K1 - STG -1,929 -1,929  
HIMALAYA PCM K1 - LTG -298,635 -298,635  
HIMALAYA PCM K1 - STG -5,112 -5,112  
Other Investment Income 9,740 5,597  


TY 2023 OtherLiabilitiesSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
 
co ODONOGHUE & LAMB CPAS PLLC
EIN:
13-6085929
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSITS 37,202 54,220
SEE STATEMENT #20 72,473,010 81,958,997
DEFERRED EXCISE TAX 204,430 502,568


TY 2023 OtherProfessionalFeesSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
 
co ODONOGHUE & LAMB CPAS PLLC
EIN:
13-6085929
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATION 751,602 733,672 0 30,000
ADVISORY & CUSTODY FEES 1,334,895 1,334,895 0 0


TY 2023 TaxesSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
 
co ODONOGHUE & LAMB CPAS PLLC
EIN:
13-6085929
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 740,699      
FOREIGN TAXES 56,103 56,103    
PAYROLL TAXES 11,860 5,930   5,930