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
TARSADIA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)520 NEWPORT CENTER DRIVE 21ST FLO
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEWPORT BEACH, CA92660
A Employer identification number

33-0879062
B Telephone number (see instructions)

(949) 610-8038
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$200,860,544J 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) 2,510,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 693,003 1,061,078  
4 Dividends and interest from securities... 2,457,655 3,449,884  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
-411,380
b Gross sales price for all assets on line 6a 15,705,887
7 Capital gain net income (from Part IV, line 2)... 3,224,247
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,932 -89,202  
12 Total. Add lines 1 through 11........ 5,256,210 7,646,007  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 514,423 0   514,423
14 Other employee salaries and wages...... 293,285 0   293,285
15 Pension plans, employee benefits....... 77,877 0   77,877
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
12,701 0   12,701
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
48,339 0   48,339
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
263,100 236,980   24,475
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
271,270 12,784   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 131,818 0   131,818
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
214,404 238,586   211,518
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,827,217 488,350   1,314,436
25 Contributions, gifts, grants paid....... 9,665,553 12,215,408
26 Total expenses and disbursements. Add lines 24 and 25 11,492,770 488,350   13,529,844
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,236,560
b Net investment income (if negative, enter -0-) 7,157,657
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............. 377,155 285,682 285,682
2 Savings and temporary cash investments......... 25,201,890 13,494,309 13,494,309
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 arrow550,000
Less: allowance for doubtful accounts right arrow0 550,000 550,000 550,000
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)....... 81,254,401 Click to see attachment
List of Attached Documents:
// Content
85,615,338 		85,615,338
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).......... 108,051,857 Click to see attachment
List of Attached Documents:
// Content
100,730,686 		100,730,686
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
712,116 		Click to see attachment
List of Attached Documents:
// Content
184,529 		Click to see attachment
List of Attached Documents:
// Content
184,529
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 216,147,419 200,860,544 200,860,544
Liabilities 17 Accounts payable and accrued expenses.......... 68,575 46,643
18 Grants payable................. 12,878,000 10,322,997
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 12,946,575 10,369,640
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........... 203,200,844 190,490,904
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)..... 203,200,844 190,490,904
30 Total liabilities and net assets/fund balances (see instructions). 216,147,419 200,860,544
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
203,200,844
2
Enter amount from Part I, line 27a .....................
2
-6,236,560
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,204,414
4
Add lines 1, 2, and 3 ..........................
4
198,168,698
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
7,677,794
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
190,490,904
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 TD AMERITRADE P 2023-01-01 2023-12-31
b TD AMERITRADE P 2023-01-01 2023-12-31
c GOLDMAN SACHS 41745 P 2023-01-01 2023-12-31
d GOLDMAN SACHS 41745 P 2023-01-01 2023-12-31
e GOLDMAN SACHS 41745 P 2023-01-01 2023-12-31
GOLDMAN SACHS 52821 P 2023-01-01 2023-12-31
GOLDMAN SACHS 41755 P 2023-01-01 2023-12-31
GOLDMAN SACHS 41745 P 2023-01-01 2023-12-31
GOLDMAN SACHS 52821 P 2023-01-01 2023-12-31
GOLDMAN SACHS 41755 P 2023-01-01 2023-12-31
JP MORGAN P 2023-01-01 2023-12-31
JP MORGAN P 2023-01-01 2023-12-31
CITY NATIONAL BANK P 2023-01-01 2023-12-31
CITY NATIONAL BANK P 2023-01-01 2023-12-31
OTHER P 2023-01-01 2023-12-31
TRAIL MIX VENTURES FUND LP LT CAPITAL LOSS P 2023-01-01 2023-12-31
TCLDS HOLDINGS LP ST CAPITAL GAIN P 2023-01-01 2023-12-31
TCLDS HOLDINGS LP LT CAPITAL GAIN P 2023-01-01 2023-12-31
BLACKSTONE CAPITAL PARTNERS VII (IPO) NQ LP P 2023-01-01 2023-12-31
BLACKSTONE CAPITAL PARTNERS VII NQ-N UPPER AIV L.P. P 2023-01-01 2023-12-31
BLACKSTONE ENERGY PARTNERS Q (PUB) LP P 2023-01-01 2023-12-31
BLACKSTONE ENERGY PARTNERS II LP P 2023-01-01 2023-12-31
CAPITAL GAINS DIVIDENDS P    
(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 3,388,729   2,847,343 541,386
b 196,788   921,008 -724,220
c 99,023   99,818 -795
d 209,324   206,839 2,485
e 20,367   23,791 -3,424
23,406   22,025 1,381
168,833   178,385 -9,552
347,578   352,001 -4,423
340,957   332,225 8,732
1,576,676   1,653,844 -77,168
1,566,085   1,440,458 125,627
3,727,331   3,878,713 -151,382
    19,201 -19,201
    45,294 -45,294
    425,604 -425,604
    35,091 -35,091
3,528,893     3,528,893
77,996     77,996
37,683     37,683
22,683     22,683
3,463     3,463
6,761     6,761
363,311     363,311
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       541,386
b       -724,220
c       -795
d       2,485
e       -3,424
      1,381
      -9,552
      -4,423
      8,732
      -77,168
      125,627
      -151,382
      -19,201
      -45,294
      -425,604
      -35,091
      3,528,893
      77,996
      37,683
      22,683
      3,463
      6,761
      363,311
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 3,224,247
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 99,491
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 99,491
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 99,491
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 46,163
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 76,163
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 2,391
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 25,719
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   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$ 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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
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 arrowWWW.TARSADIAFOUNDATION.ORG
14
The books are in care ofright arrowSHIRISH DAYAL Telephone no.right arrow (949) 610-8038

Located atright arrow520 NEWPORT CENTER DR 21ST FLOORNEWPORT BEACHCA ZIP+4right arrow92660
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)
 
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
BU PATEL DIRECTOR
12.00 		0 0 0
520 NEWPORT CENTER DR 21ST FLOOR
NEWPORT BEACH,CA92660
TUSHAR PATEL DIRECTOR
2.00 		0 0 0
520 NEWPORT CENTER DR 21ST FLOOR
NEWPORT BEACH,CA92660
SHIRISH DAYAL TREASURER, SECRETARY & EXECUTIVE VP
32.00 		205,769 0 0
520 NEWPORT CENTER DR 21ST FLOOR
NEWPORT BEACH,CA92660
MAYA PATEL EXECUTIVE CHAIR & CEO
30.00 		308,654 0 0
520 NEWPORT CENTER DR 21ST FLOOR
NEWPORT BEACH,CA92660
MAYUR PATEL DIRECTOR
2.00 		0 0 0
520 NEWPORT CENTER DR 21ST FLOOR
NEWPORT BEACH,CA92660
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
KATELYN M FAITH VP, IMPACT & MARKETI
40.00 		174,904 0 0
520 NEWPORT CENTER DR 21ST FLOOR
NEWPORT BEACH,CA92660
SHIVANI TARSADIA IMPACT & MARKETING A
40.00 		92,596 0 0
520 NEWPORT CENTER DR 21ST FLOOR
NEWPORT BEACH,CA92660
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  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
65,703,909
b
Average of monthly cash balances.......................
1b
16,644,430
c
Fair market value of all other assets (see instructions)................
1c
123,557,054
d
Total (add lines 1a, b, and c).........................
1d
205,905,393
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
205,905,393
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,088,581
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
202,816,812
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
10,140,841
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
10,140,841
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
99,491
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
18,194
c
Add lines 2a and 2b............................
2c
117,685
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
10,023,156
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
10,023,156
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
10,023,156
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
13,529,844
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
13,529,844
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 10,023,156
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...... 2,345,036
b From 2019...... 1,129,384
c From 2020...... 1,582,478
d From 2021...... 2,213,454
e From 2022...... 4,307,990
f Total of lines 3a through e ........ 11,578,342
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 13,529,844
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..... 10,023,156
e Remaining amount distributed out of corpus 3,506,688
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 15,085,030
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) ... 		2,345,036
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		12,739,994
10 Analysis of line 9:
a Excess from 2019.... 1,129,384
b Excess from 2020.... 1,582,478
c Excess from 2021.... 2,213,454
d Excess from 2022.... 4,307,990
e Excess from 2023.... 3,506,688
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).)
BU PATEL
TUSHAR PATEL
MAYA PATEL
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

DASRA

ONE RIVERWAY SUITE 1900
HOUSTON,TX77056 		  PUBLIC PROGRAM SUPPORT 2,000,000

NEW VENTURE FUND

1201 CONNECTICUT AVE NW SUITE 300
WASHINGTON,DC20036 		  PUBLIC PROGRAM SUPPORT 1,000,000

ENTERTAINMENT INDUSTRY FOUNDATION

10880 WILSHIRE BLVD SUITE 1400
LOS ANGELES,CA90024 		  PUBLIC PROGRAM SUPPORT 650,000

DIVYAJYOTI TRUST

SUTHAR FALIA OPP HANUMAN TEMPLE AT
PO MANDVI
DIST SURAT,GUJARAT394160
IN 		  PUBLIC PROGRAM SUPPORT 500,000

NILUS

NACHMANI ST 14
TEL AVIVYAFO   61000
IS 		  PUBLIC PROGRAM SUPPORT 400,166

GRAMEEN AMERICA INC

150 WEST 30TH STREET 8TH FLOOR
NEW YORK,NY10001 		  PUBLIC PROGRAM SUPPORT 375,000

ORANGE COUNTY UNITED WAY

18012 MITCHELL SOUTH
IRVINE,CA92614 		  PUBLIC PROGRAM SUPPORT 358,334

BABY2BABY

5830 W JEFFERSON BLVD
LOS ANGELES,CA90016 		  PUBLIC PROGRAM SUPPORT 350,000

VIVEKANANDA YOGA UNIVERSITY

15311 PIONEER BLVD
NORWALK,CA90850 		  PUBLIC PROGRAM SUPPORT 350,000

JOY OF SHARING FOUNDATION

15311 PIONEER BLVD
NORWALK,CA90650 		  PUBLIC PROGRAM SUPPORT 300,000

UNIVERSITY OF SOUTHERN CALIFORNIA

1150 S OLIVE STREET 24TH FLOOR
LOS ANGELES,CA90015 		  PUBLIC PROGRAM SUPPORT 260,000

DIWALIBEN TRUST (DUPST)

RTO ROAD AT PO BARDOLI
GUJARAT   394601
IN 		  PUBLIC PROGRAM SUPPORT 250,000

PLANNED PARENTHOOD FEDERATION OF AMERICA

123 WILLIAM STREET
NEW YORK,NY10038 		  PUBLIC PROGRAM SUPPORT 250,000

CENTRAL SQUARE FOUNDATION

301-307- NARAIN MANZIL BARAKHAMBA
ROAD
NEW DELHI   110001
IN 		  PUBLIC PROGRAM SUPPORT 250,000

YEAR UP INC

45 MILK STREET
BOSTON,MA02109 		  PUBLIC PROGRAM SUPPORT 250,000

BIG BROTHERS BIG SISTERS OF OC

1801 E EDINGER SUITE 101
SANTA ANA,CA92705 		  PUBLIC PROGRAM SUPPORT 250,000

CLINTON FOUNDATION

1200 PRESIDENT CLINTON AVENUE
LITTLE ROCK,AR72201 		  PUBLIC PROGRAM SUPPORT 250,000

EMPOWERMENT PLAN

7640 KERCHEVAL AVENUE
DETROIT,MI48214 		  PUBLIC PROGRAM SUPPORT 233,333

HOMIE STREET STORE

21296 BRUNSWICK STREET
FITROY MELBOURNE,VICTORIA3065
AS 		  PUBLIC PROGRAM SUPPORT 225,000

SAGE HILL SCHOOL

20402 NEWPORT COAST DRIVE
NEWPORT COAST,CA92657 		  PUBLIC PROGRAM SUPPORT 225,000

MISSION ASSET FUND

3269 MISSION STREET
SAN FRANCISCO,CA94110 		  PUBLIC PROGRAM SUPPORT 200,000

SKILL UP

548 MARKET ST PMB 63520
SAN FRANCISCO,CA94104 		  PUBLIC PROGRAM SUPPORT 200,000

LOWER EASTSIDE GIRLS CLUB OF NY

101 AVEUNUE D
NEW YORK,NY10009 		  PUBLIC PROGRAM SUPPORT 150,000

BOYS & GIRLS CLUB OC

17701 COWAN SUITE 110
IRVINE,CA92614 		  PUBLIC PROGRAM SUPPORT 150,000

EDIBLE SCHOOLYARD NYC

20 JAY STREET SUITE M9
BROOKLYN,NY11201 		  PUBLIC PROGRAM SUPPORT 150,000

COLETTE'S CHILDREN'S HOME

7372 PRINCE DR SUITE 106
HUNTINGTON BEACH,CA92647 		  PUBLIC PROGRAM SUPPORT 130,000

SOCIAL ENVIRONMENTAL ENTREPRENEURS (SEE)

23564 CALABASAS RD STE 201
CALABASAS,CA91302 		  PUBLIC PROGRAM SUPPORT 125,000

OC HUMAN RELATIONS

1801 E EDINGER AVE SUITE 115
SANTA ANA,CA92705 		  PUBLIC PROGRAM SUPPORT 125,000

ANEKANT COMMUNITY CENTER

PO BOX 167
BUENA PARK,CA90621 		  PUBLIC PROGRAM SUPPORT 121,000

SOUTH ASIAN HELP & REFERRAL AGENCY (SAHARA)

17100 PIONEER BLVD SUITE 260
ARTESIA,CA90701 		  PUBLIC PROGRAM SUPPORT 110,000

SOUTH COUNTY OUTREACH

7 WHATNEY SUITE B
IRVINE,CA92618 		  PUBLIC PROGRAM SUPPORT 100,000

SHRADDHA REHABILITATION FOUNDATION

OFF NEW LINK ROAD
MUMBAI,MAHARASHTRA400103
IN 		  PUBLIC PROGRAM SUPPORT 100,000

VOICE OF SPECIALLY ABLED PEOPLE INC

22734 STAGG ST
WEST HILLS,CA91304 		  PUBLIC PROGRAM SUPPORT 100,000

LESTONNAC FREE CLINIC

1215 EAST CHAPMAN BLVD
ORANGE,CA92866 		  PUBLIC PROGRAM SUPPORT 100,000

KUNDARIA FAMILY RESOURCE INSTITUTE

280 FALCON CREST DR
ARROYO GRANDE,CA934205345 		  PUBLIC PROGRAM SUPPORT 100,000

ENCOMPASS HOUSING

380 ENCINAL ST STE 200
SANTA CRUZ,CA95060 		  PUBLIC PROGRAM SUPPORT 100,000

WORLD CENTRAL KITCHEN INC

ATTN ERIN CORE 1342 FLORIDA AVENUE
NW
WASHINGTON,DC20009 		  PUBLIC PROGRAM SUPPORT 100,000

EKAL VIDYALAYA FOUNDATION OF USA

1712 HWY 6 SOUTH SUITE A
HOUSTON,TX77077 		  PUBLIC PROGRAM SUPPORT 100,000

ILLUMINATION FOUNDATION

1914 W ORANGEWOOD AVENUE SUITE 101
ORANGE,CA92868 		  PUBLIC PROGRAM SUPPORT 100,000

THE RODENBERRY FOUNDATION

15260 VENTURA BLVD STE 1040
SHERMAN OAKS,CA91403 		  PUBLIC PROGRAM SUPPORT 100,000

ORANGE COUNTY COMMUNITY FOUNDATION

4041 MACARTHUR BLVD SUITE 510
NEWPORT BEACH,CA92660 		  PUBLIC PROGRAM SUPPORT 82,500

LEARN TO BE

1268 N LAKEVIEW AVE SUITE 201
ANAHEIM,CA92807 		  PUBLIC PROGRAM SUPPORT 75,000

AKSHAYA PATRA FOUNDATION USA

92 MONTVALE AVENUE SUITE 2500
STONEHAM,MA02180 		  PUBLIC PROGRAM SUPPORT 75,000

FOUNDATION FOR EXCELLENCE INC

1850 WARBURTON AVE
SANTA CLARA,CA95050 		  PUBLIC PROGRAM SUPPORT 64,000

ANOOPAM MISSION MEMORIAL

2120 CLEARVIEW RD
COPLAY,PA18037 		  PUBLIC PROGRAM SUPPORT 51,000

LIFE GLOBAL INC

182 MORNINGSIDE RD
PARAMUS,NJ076521600 		  PUBLIC PROGRAM SUPPORT 51,000

SMART VILLAGE MOVEMENT

11760 CENTRAL AVE SUITE 204
CHINO,CA91710 		  PUBLIC PROGRAM SUPPORT 51,000

BAPS ENDOWMENT INC

81 SUTTONS LN
PISCATAWAY,NJ088545723 		  PUBLIC PROGRAM SUPPORT 51,000

COURT APPOINTED SPECIAL ADVOCATES

1505 E 17TH STREET SUITE 214
SANTA ANA,CA92705 		  PUBLIC PROGRAM SUPPORT 50,000

SITANJALI FOUNDATION

1301 E HUNTER AVE
SANTA ANA,CA92705 		  PUBLIC PROGRAM SUPPORT 50,000

MANAV SADHNA

1916 PASTORAL LANE
HANOVER,IL60133 		  PUBLIC PROGRAM SUPPORT 35,000

MANU FOUNDATION INC

74 CHASMA
IRVINE,CA92618 		  PUBLIC PROGRAM SUPPORT 25,000

NATIONAL JEWISH HEALTH

1400 JACKSON STREET
DENVER,CO80206 		  PUBLIC PROGRAM SUPPORT 25,000

DIRECT RELIEF

520 NEWPORT CENTER DRIVE 21ST FLOOR
NEWPORT BEACH,CA92660 		  PUBLIC PROGRAM SUPPORT 25,000

HARMONY HOUSE INDIA

109 DEFENSE COLONY SECTOR 17A SETOR
17
GURUGRAM HARYANA   122007
IN 		  PUBLIC PROGRAM SUPPORT 25,000

INDIAN AMERICAN HERITAGE FOUNDATION

3818 GLENEAGLES DRIVE
TARZANA,CA91356 		  PUBLIC PROGRAM SUPPORT 25,000

ART OF LIVING FOUNDATION

PO BOX 50003
SANTA BARBARA,CA93150 		  PUBLIC PROGRAM SUPPORT 25,000

SAHAAS

13337 SOUTH ST STE 158
CERRITOS,CA90703 		  PUBLIC PROGRAM SUPPORT 25,000

GRAM JAGAT (BRIDGES FOR CHANGE)

RUKUNPURA BAILEY RD
BIHAR   800014
IN 		  PUBLIC PROGRAM SUPPORT 25,000

NALANDA 20

PO BOX 14841
FREMONT,CA94539 		  PUBLIC PROGRAM SUPPORT 25,000

UNICEF USA

125 MAIDEN LANE 10TH FLOOR
NEW YORK,NY10038 		  PUBLIC PROGRAM SUPPORT 25,000

BABSON COLLEGE

ADVANCEMENT SERVICES PO BOX 57310
BABSON PARK,MA02457 		  PUBLIC PROGRAM SUPPORT 20,000

CHARITABLE VENTURES OF OC

4041 MACARTHUR BLVD SUITE 510
NEWPORT BEACH,CA92660 		  PUBLIC PROGRAM SUPPORT 15,000

NATIONAL CENTER FOR FAMILY PHILANTHROPY

1667 K STREET NW SUITE 550
WASHINGTON,DC20006 		  PUBLIC PROGRAM SUPPORT 15,000

SOLUTIONS FOR URBAN AGRICULTURE

11405 JEFFREY RD
IRVINE,CA92602 		  PUBLIC PROGRAM SUPPORT 10,450

SAI EDUCARE TRUST

NO 10 GANDHI ST NEMILICHERY
CHROMEPET
CHENNAI,TAMIL NADU600044
IN 		  PUBLIC PROGRAM SUPPORT 10,000

PALLIUM INDIA INC

15102 GLENFINNAN DRIVE
CHARLOTTE,NC28277 		  PUBLIC PROGRAM SUPPORT 10,000

ROTARY CLUB OF BAKERSFIELD

2507 TARBERT COURT
BAKERSFIELD,CA93311 		  PUBLIC PROGRAM SUPPORT 10,000

SECOND HARVEST FOOD BANK

8014 MARINE WAY
IRVINE,CA92618 		  PUBLIC PROGRAM SUPPORT 10,000

SOUTHERN CALIFORNIA GRANTMAKERS

1000 N ALAMEDA ST SUITE 230
LOS ANGELES,CA90012 		  PUBLIC PROGRAM SUPPORT 8,000

THE DRAKE GRIVES (THE BEAT)

301 FOREST AVE
LAGUNA BEACH,CA92651 		  PUBLIC PROGRAM SUPPORT 7,500

AARAVS TIME TO SHINE

1791 N BEND DR
SACRAMENTO,CA958351219 		  PUBLIC PROGRAM SUPPORT 5,125

UNDERGROUND GRIT

1914 W ORANGEWOOD AVENUE SUITE 101
ORANGE,CA92868 		  PUBLIC PROGRAM SUPPORT 5,000

ALZHEIMER'S ORANGE COUNTY

2515 MCCABE WAY SUITE 200
IRVINE,CA92614 		  PUBLIC PROGRAM SUPPORT 5,000

EXPONENT PHILANTHROPY

1720 N ST NW
WASHINGTON,DC20036 		  PUBLIC PROGRAM SUPPORT 5,000

AAPIP

3148 FOND DRIVE
ENCINO,CA91436 		  PUBLIC PROGRAM SUPPORT 2,500

PEDIATRIC CANCER RESEARCH FOUNDATION

2151 MICHELSON DRIVE SUITE 180
IRVINE,CA92612 		  PUBLIC PROGRAM SUPPORT 2,500

SRI SHIRDI SAI BABA TEMPLE

12911 BABCOCK RD
SAN ANTONIO,TX78249 		  PUBLIC PROGRAM SUPPORT 1,000
Total .................................right arrow 3a 12,215,408
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 ........... 		    14 693,003  
4 Dividends and interest from securities ....     14 2,457,655  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income ..... 900099 122,292 14    
8 Gain or (loss) from sales of assets other than
inventory ............ 		900099 6,761 18 -418,141  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 129,053 2,732,517 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,861,570
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


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

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

33-0879062
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
TARSADIA FOUNDATION
  		Employer identification number
33-0879062
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
KKSA LEGACY TRUST
 
100 WEST LIBERTY STREET 10TH FLOOR
 
RENO, NV89501

$ 2,500,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
KINGDOM CAPITAL INTERNATIONAL LLC
 
16052 SWINGLEY RIDGE ROAD SUITE 300
 
CHESTERFIELD, MO63017

$ 10,000


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

$  


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

$  


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

$  


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

$  


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

33-0879062
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
TARSADIA FOUNDATION
  		Employer identification number

33-0879062
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:
TARSADIA FOUNDATION
EIN:
33-0879062
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 48,339 0   48,339

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

TY 2023 GainLossSaleOtherAssetsSch
Name:
TARSADIA FOUNDATION
EIN:
33-0879062
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
OTHER 2023-01 PURCHASED 2023-12     3,635,627 COST 0 -3,635,627  

TY 2023 InvestmentsCorpStockSchedule
Name:
TARSADIA FOUNDATION
EIN:
33-0879062
Name of Stock End of Year Book Value End of Year Fair Market Value
TD AMERITRADE 14,260,336 14,260,336
GOLDMAN SACHS & CO. 30,591,978 30,591,978
JP MORGAN 12,720,880 12,720,880
PHIL, INC. 4,500,000 4,500,000
CITY NATIONAL BANK 11,310,934 11,310,934
PETAL CARD 563,382 563,382
AFORE CAPITAL III, L.P. 623,066 623,066
3L CAPITAL II LP 11,039,700 11,039,700
PRISM 5,062 5,062

TY 2023 InvestmentsOtherSchedule2
Name:
TARSADIA FOUNDATION
EIN:
33-0879062
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BLACKSTONE ENERGY PARTNERS LP FMV 726,814 726,814
BLACKSTONE ENERGY PARTNERS II FMV 3,223,508 3,223,508
BLACKSTONE CAPITAL PARTNERS VII L.P. FMV 2,821,939 2,821,939
TRAIL MIX VENTURES FUND, LP FMV 756,273 756,273
FPF II TM HOLDINGS, LLC FMV 9,536,841 9,536,841
TCLDS HOLDINGS, LP FMV 83,665,311 83,665,311

TY 2023 LegalFeesSchedule
Name:
TARSADIA FOUNDATION
EIN:
33-0879062
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 12,701 0   12,701


TY 2023 OtherAssetsSchedule
Name:
TARSADIA FOUNDATION
EIN:
33-0879062
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INTEREST RECEIVABLE 59,636 81,360 81,360
EXCISE TAX RECEIVABLE 652,480 103,169 103,169


TY 2023 OtherDecreasesSchedule
Name:
TARSADIA FOUNDATION
EIN:
33-0879062
Description Amount
IMPAIRMENT LOSS-GAAP PURPOSES 7,677,794


TY 2023 OtherExpensesSchedule
Name:
TARSADIA FOUNDATION
EIN:
33-0879062
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK CHARGES 2,886 2,886   0
DUES & SUBSCRIPTIONS 5,038 0   5,038
OFFICE EXPENSES 1,483 0   1,483
PASSTHRU INVESTMENT INTEREST EXP 0 6,587   0
PASSTHRU PORTFOLIO DEDUCTIONS 0 219,836   0
PASSTHRU OTHER DEDUCTIONS 0 62   0
PROGRAM & GRANT MAKING EXPENSE 42,097 0   42,097
INSURANCE 13,139 0   13,139
PASSTHRU ROYALTY DEDUCTIONS 0 1,038   0
ADVERTISING & MARKETING 130,695 0   130,695
COMPUTER EXPENSES 2,481 0   2,481
CELLPHONE/DATA 2,008 0   2,008
MEALS 14,114 0   14,114
PAYROLL SERVICE FEES 463 0   463
PASSTHRU COST DEPLETION 0 8,177   0


TY 2023 OtherIncomeSchedule2
Name:
TARSADIA FOUNDATION
EIN:
33-0879062
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
BCP VII LP 0 0 0
BLACKSTONE ENERGY PARTNERS II LP 90,442 0 90,442
BLACKSTONE ENERGY PARTNERS LP ORDINARY INCOME 26,533 0 26,533
BLACKSTONE ENERGY PARTNERS Q LP 5,317 -89,202 5,317
BLACKSTONE ENERGY PARTNERS Q LP ORDINARY INCOME   0 312,678
BLACKSTONE ENERGY PARTNERS Q LP RENTAL INCOME   0 1,229
BLACKSTONE ENERGY PARTNERS Q LP SECTION 1231 GAIN   0 6,761
BLACKSTONE ENERGY PARTNERS Q LP INTANGIBLE DRILLING & DEV COSTS   0 -278,346
BLACKSTONE ENERGY PARTNERS Q LP OTHER INCOME   0 82,459
TEN COVES II TM HOLDINGS 0 0 0
TCLDS HOLDINGS LP FOREIGN EARNING DISTRIBUTION 0 0 0
GOLDMAN SACHS 41755 NONDIVIDEND DISTRIBUTIONS 0 0 0
BLACKSTONE FISTERRA II FEEDER FUND (CAYMAN) VII LP DIVIDENDS 0 0 0
BCP VII TUCSON FEEDER (CAYMAN) LP DIVIDENDS 0 0 0
BCP VII FLORA FEEDER (CAYMAN) LP DIVIDENDS 0 0 0
BCP VII MUSTANG FEEDER (CAYMAN) LP DIVIDENDS 0 0 0
BCP VII YORK FEEDER (CAYMAN) LP DIVIDENDS 0 0 0
BCP VII AYM FEEDER (CAYMAN) LP DIVIDENDS 0 0 0
BLACKSTONE JDA FEEDER FUND (CAYMAN) VII LP DIVIDENDS 0 0 0
BLACKSTONE FISTERRA II FEEDER FUND (CAYMAN) BEP II/II.F LP DIVIDENDS 0 0 0
BCP VII COMET FEEDER (CAYMAN) LP DIVIDENDS 0 0 0
BCP VII BLACKJACK FEEDER (CAYMAN) LP DIVIDENDS 0 0 0
BCP VII PI FEEDER (CAYMAN) LP DIVIDENDS 0 0 0
BCP VII PINOT FEEDER (CAYMAN) LP DIVIDENDS 0 0 0
BCP VII PULVER FEEDER (CAYMAN) LP DIVIDENDS 0 0 0
BCP VII ATHENA FEEDER (CAYMAN) LP DIVIDENDS 0 0 0
BLACKSTONE ALT ENERGY FEEDER FUND (CAYMAN) LP DIVIDENDS 0 0 0
BLACKSTONE SICCAR FEEDER FUND (CAYMAN) BEP II/II.F LP DIVIDENDS 0 0 0
BCP VII OPTIMUS FEEDER (CAYMAN) LP DIVIDENDS 0 0 0
BCP VII BRAAVOS FEEDER (CAYMAN) LP DIVIDENDS 0 0 0
BCP VII UNITE FEEDER (CAYMAN) LP DIVIDENDS 0 0 0
OTHER -115,360 0 -115,360
OTHER ADJUSTMENT 0 0 0


TY 2023 OtherIncreasesSchedule
Name:
TARSADIA FOUNDATION
EIN:
33-0879062
Description Amount
UNREALIZED GAIN 1,204,414


TY 2023 OtherProfessionalFeesSchedule
Name:
TARSADIA FOUNDATION
EIN:
33-0879062
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 238,625 236,980   0
CONSULTING FEES 24,450 0   24,450
OTHER 25 0   25


TY 2023 SubstantialContributorsSch
Name:
TARSADIA FOUNDATION
EIN:
33-0879062
Name Address
FALCON TRUST 100 WEST LIBERTY STREET 10TH FLOOR
RENO,NV89501
T-TWELVE LEGACY TRUST 100 WEST LIBERTY STREET 10TH FLOOR
RENO,NV89501
SUNIL AND MAYA PATEL 520 NEWPORT CENTER DRIVE 21ST FLOOR
NEWPORT BEACH,CA92660
BU PATEL 520 NEWPORT CENTER DRIVE 21ST FLOOR
NEWPORT BEACH,CA92660
TUSHAR PATEL 520 NEWPORT CENTER DRIVE 21ST FLOOR
NEWPORT BEACH,CA92660
KKSA HOLDINGS LLC
  		100 WEST LIBERTY STREET 10TH FLOOR
RENO,NV89501
KTT HOLDINGS LLC
  		100 WEST LIBERTY STREET 10TH FLOOR
RENO,NV89501


TY 2023 TaxesSchedule
Name:
TARSADIA FOUNDATION
EIN:
33-0879062
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 255,986 0   0
LLC TAX 2,500 0   0
FOREIGN TAX 12,784 12,784   0