Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
The Passport Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

26-1580196
B Telephone number (see instructions)

(800) 839-1754
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$60,185,025J 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) 8,809,877
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,387 1,387  
4 Dividends and interest from securities... 0    
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,198,619
b Gross sales price for all assets on line 6a 1,753,492
7 Capital gain net income (from Part IV, line 2)... 182,695
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
199,020 209,338 16,156
12 Total. Add lines 1 through 11........ 7,811,665 393,420 16,156
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 158,122     158,122
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
19,349 0 0 19,349
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
76,750 0 0 76,750
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
28,750     28,750
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
40,735 35    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 153     153
21 Travel, conferences, and meetings....... 25,436     25,436
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,661,448 1,533,518   125,373
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,010,743 1,533,553 0 433,933
25 Contributions, gifts, grants paid....... 3,710,670 3,710,670
26 Total expenses and disbursements. Add lines 24 and 25 5,721,413 1,533,553 0 4,144,603
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,090,252
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 16,156
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.............      
2 Savings and temporary cash investments......... 96,658 90,220 90,220
3 Accounts receivable right arrow46,645
Less: allowance for doubtful accounts right arrow   294,861 46,645 46,645
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   48,686    
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).......   Click to see attachment
List of Attached Documents:
// Content
18,372 		57,079
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).......... 48,848,529 Click to see attachment
List of Attached Documents:
// Content
51,323,749 		59,991,081
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 49,288,734 51,478,986 60,185,025
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 49,288,734 51,478,986
29 Total net assets or fund balances (see instructions)..... 49,288,734 51,478,986
30 Total liabilities and net assets/fund balances (see instructions). 49,288,734 51,478,986
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
49,288,734
2
Enter amount from Part I, line 27a .....................
2
2,090,252
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
100,000
4
Add lines 1, 2, and 3 ..........................
4
51,478,986
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
51,478,986
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c DISTRIBUTED GLOBAL OFFSHORE FUND II LTD P 2018-02-28 2023-03-31
d DISTRIBUTED GLOBAL OFFSHORE FUND II LTD P 2018-02-28 2023-12-19
e OFFSHORE HEDGE FUND CAPITAL GAIN DISTRIB P    
THERAPYDIA, INC. P 2022-12-06 2023-12-31
THERAPYDIA, INC. P 2014-12-14 2023-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,691,152   410,385 1,280,767
b       -599,993
c 20,581   2,997 17,584
d 2,298   653 1,645
e 39,461     39,461
0   48,686 -48,686
0   508,083 -508,083
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       1,280,767
b        
c       17,584
d       1,645
e       39,461
      -48,686
      -508,083
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 2 182,695
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 0
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 0
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 0
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 102,883
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 102,883
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 10 102,883
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow102,883 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 arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
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). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Ani Arutyunyan Sec, Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
John H Burbank III Dir, Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jim Cunningham Dir, Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Walther Lovato Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Joanne Poile Treas, Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Michelle Ruggeri Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
WILLIAM WALSH EXECUTIVE DIRECTOR
40.0 		158,122    
FOUNDATION SOURCE
WILMINGTON,DE198091377
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
Foundation Source Administrative 116,217
55 Walls Drive 3rd Fl
Fairfield,CT06824
Navolio & Tallman LLP Philanthropic 76,750
2121 N California Blvd Suite 610
Walnut Creek,CA94596
Total number of others receiving over $50,000 for professional services.............right arrow  
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
32,960
b
Average of monthly cash balances.......................
1b
81,366
c
Fair market value of all other assets (see instructions)................
1c
60,061,143
d
Total (add lines 1a, b, and c).........................
1d
60,175,469
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
60,175,469
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
902,632
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
59,272,837
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,963,642
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,963,642
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
0
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
0
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,963,642
4
Recoveries of amounts treated as qualifying distributions................
4
100,000
5
Add lines 3 and 4............................
5
3,063,642
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
3,063,642
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
4,144,603
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,144,603
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 3,063,642
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 3,798,805
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......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,144,603
a Applied to 2022, but not more than line 2a 3,798,805
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 345,798
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		2,717,844
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 ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 0
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).)
John H Burbank III
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

ALASKA COMMUNITY ACTION ON TOXICS

1225 E INTL AIRPORT RD STE 220
ANCHORAGE,AK99518 		N/A PC Communicating Impact of Toxics In the Arctic 50,000

AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC

125 BROAD ST 18TH FLOOR
NEW YORK,NY10004 		N/A PC Employee Matching 250

BAY AREA LEGAL AID

1735 TELEGRAPH AVE
OAKLAND,CA94612 		N/A PC Employee Matching 250

BENNINGTON COLLEGE CORPORATION

ONE COLLEGE DR
BENNINGTON,VT05201 		N/A PC Media Briefings On Plastics Pollution 50,000

BLACK WOMEN FOR WELLNESS

PO BOX 292516
LOS ANGELES,CA90029 		N/A PC Celebrating Black Beauty and Building a Movement to Transform the Toxic Beauty Industry 60,000

BLUEGREEN ALLIANCE FOUNDATION

2701 UNIVERSITY AVE SE STE 209
MINNEAPOLIS,MN55414 		N/A PC True Health Hazard Tool Chemicals 150,000

BREAST CANCER PREVENTION PARTNERS

1388 SUTTER ST STE 901
SAN FRANCISCO,CA94109 		N/A PC Clearya 100,000

BREAST CANCER PREVENTION PARTNERS

1388 SUTTER ST STE 901
SAN FRANCISCO,CA94109 		N/A PC BCPP's work on beauty and personal care product safety 75,000

BUSINESS EXECUTIVES FOR NATIONAL SECURITY

1030 15TH ST NW STE 200 E
WASHINGTON,DC20005 		N/A PC General & Unrestricted 25,000

CENTER FOR INTERNATIONAL ENVIRONMENTAL LAW INC

1101 15TH ST NW 11TH FLOOR
WASHINGTON,DC20005 		N/A PC Plastics Treaty Negotiations 110,000

CENTER FOR SCIENCE IN THE PUBLIC INTEREST

1250 I ST NW STE 500
WASHINGTON,DC20005 		N/A PC Chemical Additives in Food 200,000

COMING CLEAN INC

28 VERNON ST STE 434
BRATTLEBORO,VT05301 		N/A PC Campaign for Healthier Solutions 75,000

DANA FARBER CANCER INSTITUTE INC

10 BROOKLINE PL WEST
BROOKLINE,MA02445 		N/A PC General & Unrestricted 1,530

DEFEND OUR HEALTH

565 CONGRESS ST STE 204
PORTLAND,ME04101 		N/A PC Slashing Human Health Risks from Plastic 200,000

EDGEWOOD CENTER FOR CHILDREN AND FAMILIES

1801 VICENTE ST
SAN FRANCISCO,CA94116 		N/A PC General & Unrestricted 1,000

EDGEWOOD CENTER FOR CHILDREN AND FAMILIES

1801 VICENTE ST
SAN FRANCISCO,CA94116 		N/A PC Employee Matching 5,000

ENVIRONMENTAL DEFENSE FUND INCORPORATED

257 PARK AVE SOUTH
NEW YORK,NY10010 		N/A PC Safe Food For All 200,000

ENVIRONMENTAL PROTECTION NETWORK

2925 LEGATION ST NW
WASHINGTON,DC20015 		N/A PC General Support for EPN's Work to Reduce Exposures to Toxic Chemicals Through Policy, Technical Assistance, and Media 75,000

ENVIRONMENTAL WORKING GROUP

1250 I ST NW STE 1000
WASHINGTON,DC20005 		N/A PC Food Chemicals Campaign 100,000

EQUAL JUSTICE INITIATIVE

122 COMMERCE ST
MONTGOMERY,AL36104 		N/A PC Employee Matching 1,000

GOLDEN STATE WARRIORS COMMUNITY FOUNDATION

1 WARRIORS WAY
SAN FRANCISCO,CA94158 		N/A PC General Support 25,000

GREEN SCIENCE POLICY INSTITUTE

1400 SHATTUCK AVE STE 8
BERKELEY,CA94709 		N/A PC Flame Retardants & PFAS 150,000

HABITABLE

4911 7TH ST NW
WASHINGTON,DC20011 		N/A PC ChemFoward's Safer Chemistry Impact Fund 25,000

HABITABLE

4911 7TH ST NW
WASHINGTON,DC20011 		N/A PC Accelerating Green Chemistry and Safer Products 300,000

HABITABLE

4911 7TH ST NW
WASHINGTON,DC20011 		N/A PC ChemFORWARD 250,000

INNOCENCE PROJECT INC

40 WORTH ST RM 701
NEW YORK,NY10013 		N/A PC Employee Matching 250

INTERNATIONAL POLLUTANTS ELIMINATION NETWORK

BOX 7256
GOTHENBURG   40235
SW 		N/A NC Expenditure Responsibility Grant 100,000

KESHO

397 PIEDMONT RD
COLUMBUS,OH43214 		N/A PC Neema's House Fundraiser 500

MIRACLEFEET

107 CONNOR DR STE 230
CHAPEL HILL,NC27514 		N/A PC General Support for MiracleFeet 500,000

MOLLY SMILES FOUNDATION INC

125 FELIZ CT
DANVILLE,CA94526 		N/A PC Employee Matching 250

PAN-MASSACHUSETTS CHALLENGE INC

77 4TH AVENUE
NEEDHAM,MA02494 		N/A PC Employee Matching 6,000

PATH MINISTRIES INTERNATIONAL

PO BOX 4010
SEAL BEACH,CA90740 		N/A PC General & Unrestricted 10,000

PHYSICIANS FOR SOCIAL RESPONSIBILITY INC

617 SOUTH OLIVE ST
LOS ANGELES,CA90014 		N/A PC Reducing Disparate Health Impacts-Safer Chemistry 200,000

PLANNED PARENTHOOD FEDERATION OF AMERICA INC

123 WILLIAMS ST 10TH FL
NEW YORK,NY10038 		N/A PC Employee Matching 1,000

SAN FRANCISCO AIDS FOUNDATION

1035 MARKET ST SUITE 400
SAN FRANCISCO,CA94103 		N/A PC General & Unrestricted 250

SOCIAL AND ENVIRONMENTAL ENTREPRENEURS

23564 CALABASAS RD
CALABASAS,CA91302 		N/A PC Californians for Pesticide Reform 80,000

SUPPORT FOR FAMILIES OF CHILDREN WITH DISABILITIES

832 FOLSOM ST STE 1001
SAN FRANCISCO,CA94107 		N/A PC Employee Matching 500

THE ARC OF THE UNITED STATES

2000 PENNSYLVANIA AVE SUITE 500
WASHINGTON,DC20006 		N/A PC Project TENDR (Targeting Neuro Developmental RIsks) 60,000

THE DESIGN MUSEUM

224-238 KENSINGTON HIGH ST
KENSINGTON,LondonW8 6AG
UK 		N/A Other General & Unrestricted 12,390

TOXIC-FREE FUTURE

4649 SUNNYSIDE AVE N STE 540
SEATTLE,WA98103 		N/A PC Safer States Chemical and Plastics Campaign 200,000

TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW

722 W 168TH ST 12TH FL
NEW YORK,NY10032 		N/A PC Agents of Change: Protecting Womens Health 160,000

UNIVERSITY OF CALIFORNIA SAN FRANCISCO

PO BOX 45339
SAN FRANCISCO,CA94145 		N/A PC Defending Science and Promoting Evidence-Based Decision Making about Toxic Environmental Chemicals 125,000

YMCA CAMP JONES GULCH

11000 PESCADERO RD
LA HONDA,CA94020 		N/A PC Employee Matching 500

ZOUVES FOUNDATION FOR REPRODUCTIVE MEDICINE

1241 E HILLSDALE BLVD 100
FOSTER CITY,CA94404 		N/A PC Research To Increase Success of IVF Treatment 25,000
Total .................................right arrow 3a 3,710,670
bApproved for future payment
Total ................................. right arrow 3b  
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 1,387  
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990 -62 18 -1,198,557  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 -10,318 14 175,837  
bINTEREST FROM PARTNERSHIPS     14 17,345  
cINTEREST FROM PRI         16,156
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -10,380 -1,003,988 16,156
13Total. Add line 12, columns (b), (d), and (e)..................
13
-998,212
(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.)
11 INTEREST FROM LOAN TO PRACTICE GREENHEALTH TO PROVIDE MANAGEMENT SERVICES FOR ORGANIZATIONS WHO WILL EXCHANGE UNDESIRABLE PRODUCTS FOR PRODUCTS THAT DO NOT POSE INAPPROPRIATE HEALTH RISKS.
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


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

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

26-1580196
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
The Passport Foundation
  		Employer identification number
26-1580196
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
Burbank III John H
122 W Dilido Dr
 
Miami, FL33139

$ 7,006,322


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
Ventures LLC Nimble
122 W Dilido Dr
 
Miami, CA33139

$ 1,803,555


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

$  


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

$  


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

$  


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

$  


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

26-1580196
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
2
 Rigetti Computing Inc RGTI, 109908 sh. $ 64,906 2023-03-14
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 ABAXX TECHNOLOGIES INC ABXXF, 129000 sh. $ 249,305 2023-03-17
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 ABAXX TECHNOLOGIES INC ABXXF, 175250 sh. $ 312,821 2023-03-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 APPLOVIN CORP APP, 5700 sh. $ 158,204 2023-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 APPLOVIN CORP APP, 32000 sh. $ 1,006,400 2023-08-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
The Passport Foundation
  		Employer identification number

26-1580196
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
The Passport Foundation
EIN:
26-1580196
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Audit Fees 76,750     76,750

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

TY 2023 DepreciationSchedule
Name:
The Passport Foundation
EIN:
26-1580196
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

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TY 2023 ExpenditureResponsibilityStmt
Name:
The Passport Foundation
EIN:
26-1580196
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
INTERNATIONAL POLLUTANTS ELIMINATION NET
  		BOX 7256
GOTHENBURG   40235
SW 		2020-06-02 75,000 SUPPORT LEVERAGING DATA ON TOXIC CHEMICALS IN PLASTICS TO ADVANCE ENVIRONMENTAL HEALTH GOALS 75,000 NO 08/30/2021, 5/25/2022, 3/28/2023   NONE NECESSARY
INTERNATIONAL POLLUTANTS ELIMINATION NET
  		BOX 7256
GOTHENBURG   40235
SW 		2022-07-02 100,000 SUPPORT LEVERAGING THE TREATY PROCESS TO ADVANCE ENVIRONMENTAL HEALTH GOALS 100,000 NO 03/28/2023, 05/20/2024   NONE NECESSARY
INTERNATIONAL POLLUTANTS ELIMINATION NET
  		BOX 7256
GOTHENBURG   40235
SW 		2023-10-03 100,000 SUPPORT LEVERAGING THE TREATY PROCESS TO ADVANCE ENVIRONMENTAL HEALTH GOALS 89,139 NO 05/20/2024   NONE NECESSARY

TY 2023 GeneralExplanationAttachment
Name:
The Passport Foundation
EIN:
26-1580196
Identifier Return Reference Explanation
FORM 926 FORM 926 THE FOUNDATION HAS PREPARED THIS FORM TO THE BEST OF ITS ABILITY BASED ON THE LIMITED INFORMATION PROVIDED TO IT BY THE INVESTMENT ON WHICH THE FOUNDATION IS REPORTING AND ON THE BASIS OF HAVING RECEIVED NO INFORMATION TO THE CONTRARY. ANY MISSING OR INCOMPLETE INFORMATION IS DUE TO THE FOUNDATION'S INABILITY TO OBTAIN SUCH INFORMATION AND IS NOT A WILLFUL ATTEMPT TO WITHHOLD SUCH INFORMATION.
FORM 990-PF, PART I, LN 6A PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $(641,788) TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $(62) TOTAL PART I, LINE 6A: $(1,198,619) DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRADED SECURITIES GROSS SALES PRICE: $1,691,152 BOOK BASIS: $1,791,637 NET GAIN/(LOSS): $(100,485) PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $(599,993) SALES OF OTHER ITEMIZED ASSETS GROSS SALES PRICE: $62,340 BOOK BASIS: $560,419 NET GAIN/(LOSS): $(498,079)

TY 2023 InvestmentsCorpStockSchedule
Name:
The Passport Foundation
EIN:
26-1580196
Name of Stock End of Year Book Value End of Year Fair Market Value
THE ONCOLOGY INSTITUTE, INC 18,372 57,079

TY 2023 InvestmentsOtherSchedule2
Name:
The Passport Foundation
EIN:
26-1580196
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
1KX LP   1,060,245 1,159,472
AAF II - YASI VENTURES, L.P   219,022 235,452
ALIGNMENT GROWTH FUND I, LP   407,089 302,946
BIG LEAGUE ADVANCE FUND II, LP   359,765 642,334
BOOST VC ACCELERATOR 3, L.P   286,641 203,979
BUCKLEY VENTURES III, LP   267,693 170,053
BULLPEN CAPITAL IV, L.P   419,535 779,648
CH VENTURES I, L.P   193,919 232,994
CH VENTURES II, L.P   117,527 176,759
CHANGE.ORG GROWTH LLC   7,149  
CIVILIZATION VENTURES II, L.P.   175,482 146,872
CLOCKTOWER CLIMATE AND SUSTAIN   93,859 71,099
CLOCKTOWER LATIN AMERICAN TECH   137,114 145,561
COURTSIDE VENTURES II, L.P   377,240 662,049
COURTSIDE VENTURES III, L.P   669,934 571,929
CRE VENTURE CAPITAL FUND II, L   432,152 847,036
CV 2-KREATE, L.P   186,877 245,747
DISTRIBUTED GLOBAL OFFSHORE FU   29,372 97,653
ELECTRIC CAPITAL PARTNERS FRON     13,193
FMZ VENTURES FUND I, L.P   461,361 410,361
FORMATION8 PARTNERS ENTREPRENE   181,766 611,301
FYRFLY VENTURE PARTNERS FUND I   338,414 424,548
GK VENTURES, LP   69,212 45,182
GLOBAL VENTURES L.P   123,979 180,181
GOVTECH FUND I, L.P   1,181,764 1,810,387
GOVTECH FUND II, L.P   694,774 898,718
HAVENCREST HEALTHCARE PARTNERS   162,243 115,020
HAVENCREST HEALTHCARE PARTNERS   446,424 608,327
HCM V, L.P   758,473 584,287
HEROIC VENTURES, L.P   118,583 868,352
HUAXING CAPITAL PARTNERS II, L   173,463 194,632
HUAXING CAPITAL PARTNERS, LP   363,230 315,840
INNOVATION WORKS DEVELOPMENT F   288,189 428,522
KONVOY VENTURES III LP   69,754 47,415
LEARNSTART I, L.P   172,700 234,768
LEARNSTART II, L.P.   229,412 180,286
LEGACY CAPITAL, LP   947,867 1,238,357
LEGACY HARMONY LTD   742,465 1,114,750
LEVEL EQUITY GROWTH PARTNERS I   490,289 805,454
LJ VENTURES FUND II, L.P   787,346 1,051,180
LJV FUND III, L.P   237,858 226,287
LJV OPPORTUNITY FUND I, L.P   269,274 190,996
MADIBA 6-2 LLC   1,027,744 927,624
MAVEN VENTURES FUND II, L.P   251,053 965,772
MAVEN VENTURES FUND III, L.P   127,272 151,353
MERON II, L.P   205,366 224,565
META STABLE EDGE OFFSHORE FUND     243,953
MITHRIL II LP   826,809 673,141
MORTAR & MASH ONE, LLC   35,063 15,017
MOSAIC GENERAL FUND I, LP (FKA   150,901 134,020
NEW FORM CAPITAL I, L.P.   1,256,514 1,529,945
NEW NORTH VENTURES FUND I, L.P   290,060 207,372
NEXT COAST VENTURES III, L.P   109,668 56,271
NIMBLE PARTNERS FUND I, LP   21,381,254 25,411,549
NIMBLE PARTNERS FUND II, LP   5,308,846 3,889,202
QUIET GROWTH I, L.P   327,452 375,905
REGENERATION.VC FUND 1, LP   134,894 126,503
ROCANA VENTURE PTNRS II (US) L   168,143 306,911
ROGUE CAPITAL PARTNERS, L.P   164,355 193,577
RTW OFFSHORE FUND ONE LTD     49,305
SALT FUND I, L.P.   179,839 216,521
SILVER LAKE WATERMAN FUND, L.P   31,592 11,526
SKY9 CAPITAL FUND III, L.P   681,113 691,335
SKY9 CAPITAL FUND IV, L.P   211,659 266,247
SKY9 CAPITAL MVP FUND, L.P   476,575 342,149
SYBIL CAPITAL FUND I-B FEEDER   850,000 700,041
TANDEM FUND II, LP   248,901 982,321
TFG HOLDING, INC   137,659 191,705
THE CXO FUND, LLC   227,697 319,523
UNIKOINGOLD   303,858 652
VOLTA ENERGY STORAGE FUND I L.   343,867 352,247
WILL VENTURES FUND I, L.P   375,055 518,192
WILL VENTURES FUND II, LP   121,866 87,795
WTI FUND X LLC   619,219 538,915

TY 2023 LegalFeesSchedule
Name:
The Passport Foundation
EIN:
26-1580196
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
General Consultations 19,349     19,349


TY 2023 OtherExpensesSchedule
Name:
The Passport Foundation
EIN:
26-1580196
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 116,217     116,217
Bank Charges 25 25    
Foundation Dues & Memberships 8,697     8,697
K-1 Exp 1KX LP 28,795 28,794    
K-1 Exp AAF II - YASI VENTURES 7,055 7,055    
K-1 Exp ALIGNMENT GROWTH FUND 22,064 22,064    
K-1 Exp BIG LEAGUE ADVANCE FUN 771 765    
K-1 Exp BOOST VC ACCELERATOR 3 11,813 11,813    
K-1 Exp BUCKLEY VENTURES III, 12,449 12,449    
K-1 Exp BULLPEN CAPITAL IV, L. 13,315 13,315    
K-1 Exp CH VENTURES I, L.P 2,780 2,780    
K-1 Exp CH VENTURES II, L.P 8,676 8,676    
K-1 Exp CIVILIZATION VENTURES 5,372 5,372    
K-1 Exp CLOCKTOWER CLIMATE AND 8,532 8,532    
K-1 Exp CLOCKTOWER LATIN AMERI 7,019 7,019    
K-1 Exp COURTSIDE VENTURES II, 11,394 11,394    
K-1 Exp COURTSIDE VENTURES III 30,092 30,092    
K-1 Exp CRE VENTURE CAPITAL FU 13,502 13,502    
K-1 Exp CV 2-KREATE, L.P 5,447 5,447    
K-1 Exp FMZ VENTURES FUND I, L 11,040 11,040    
K-1 Exp FORMATION8 PARTNERS EN 712 712    
K-1 Exp FYRFLY VENTURE PARTNER 9,403 9,403    
K-1 Exp GLOBAL VENTURES L.P 2,903 2,903    
K-1 Exp GOVTECH FUND I, L.P 19,807 19,807    
K-1 Exp GOVTECH FUND II, L.P 18,355 18,355    
K-1 Exp HAVENCREST HEALTHCARE 14,244 14,227    
K-1 Exp HAVENCREST HEALTHCARE 12,216 11,794    
K-1 Exp HCM V, L.P 26,881 26,881    
K-1 Exp HEROIC VENTURES, L.P 1,482 1,482    
K-1 Exp HUAXING CAPITAL PARTNE 2,942 2,942    
K-1 Exp HUAXING CAPITAL PARTNE 7,494 7,494    
K-1 Exp INNOVATION WORKS DEVEL 9,593 9,593    
K-1 Exp KONVOY VENTURES III LP 10,956 10,956    
K-1 Exp LEARNSTART I, L.P 6,713 6,713    
K-1 Exp LEARNSTART II, L.P. 14,336 14,336    
K-1 Exp LEGACY CAPITAL, LP 80,839 80,834    
K-1 Exp LEVEL EQUITY GROWTH PA 18,872 18,334    
K-1 Exp LJ VENTURES FUND II, L 25,965 25,965    
K-1 Exp LJV FUND III, L.P 13,315 13,315    
K-1 Exp LJV OPPORTUNITY FUND I 8,544 8,544    
K-1 Exp MADIBA 6-2 LLC 4,022 4,022    
K-1 Exp MAVEN VENTURES FUND II 11,926 11,926    
K-1 Exp MAVEN VENTURES FUND II 6,851 6,851    
K-1 Exp MERON II, L.P 11,447 11,447    
K-1 Exp MITHRIL II LP 12,048 12,048    
K-1 Exp MORTAR & MASH ONE, LLC 27      
K-1 Exp MOSAIC GENERAL FUND I, 13,377 13,377    
K-1 Exp NEW FORM CAPITAL I, L. 33,709 33,709    
K-1 Exp NEW NORTH VENTURES FUN 15,614 15,614    
K-1 Exp NEXT COAST VENTURES II 8,838 8,838    
K-1 Exp NIMBLE PARTNERS FUND I 624,563 623,022    
K-1 Exp NIMBLE PARTNERS FUND I 164,816 164,816    
K-1 Exp QUIET GROWTH I, L.P 10,670 10,670    
K-1 Exp REGENERATION.VC FUND 1 5,890 5,890    
K-1 Exp ROCANA VENTURE PTNRS I 9,702 9,702    
K-1 Exp ROGUE CAPITAL PARTNERS 13,312 13,312    
K-1 Exp SALT FUND I, L.P. 7,696 7,696    
K-1 Exp SILVER LAKE WATERMAN F 2 2    
K-1 Exp SKY9 CAPITAL FUND III, 21,841 21,841    
K-1 Exp SKY9 CAPITAL FUND IV, 6,574 6,574    
K-1 Exp SKY9 CAPITAL MVP FUND, 5,091 5,091    
K-1 Exp TANDEM FUND II, LP 20 20    
K-1 Exp THE CXO FUND, LLC 1,823 1,823    
K-1 Exp VOLTA ENERGY STORAGE F 11,267 11,267    
K-1 Exp WILL VENTURES FUND I, 11,462 11,462    
K-1 Exp WILL VENTURES FUND II, 12,750 12,750    
K-1 Exp WTI FUND X LLC 5,024 5,024    
POSTAGE/DELIVERY SERVICE 39     39
STATE OR LOCAL FILING FEES 420     420


TY 2023 OtherIncomeSchedule2
Name:
The Passport Foundation
EIN:
26-1580196
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss 1KX LP 13,463 13,446  
K-1 Inc/Loss AAF II - YASI VENTURES, L.P 394 394  
K-1 Inc/Loss ALIGNMENT GROWTH FUND I, LP 551 551  
K-1 Inc/Loss BIG LEAGUE ADVANCE FUND II, LP 8,944 8,944  
K-1 Inc/Loss BOOST VC ACCELERATOR 3, L.P 1,067 1,067  
K-1 Inc/Loss BUCKLEY VENTURES III, LP 1,091 1,091  
K-1 Inc/Loss BULLPEN CAPITAL IV, L.P 14 14  
K-1 Inc/Loss CIVILIZATION VENTURES II, L.P. 302 302  
K-1 Inc/Loss CLOCKTOWER CLIMATE AND SUSTAINABILIT 64 66  
K-1 Inc/Loss CLOCKTOWER LATIN AMERICAN TECHNOLOGI 56 56  
K-1 Inc/Loss COURTSIDE VENTURES II, L.P 473 473  
K-1 Inc/Loss COURTSIDE VENTURES III, L.P 474 474  
K-1 Inc/Loss CRE VENTURE CAPITAL FUND II, L.P 324 324  
K-1 Inc/Loss CV 2-KREATE, L.P 1,379 1,379  
K-1 Inc/Loss FMZ VENTURES FUND I, L.P 179 179  
K-1 Inc/Loss FORMATION8 PARTNERS ENTREPRENEURS FU 279 279  
K-1 Inc/Loss GLOBAL VENTURES L.P 20 20  
K-1 Inc/Loss GOVTECH FUND I, L.P 97 97  
K-1 Inc/Loss GOVTECH FUND II, L.P 11,529 11,529  
K-1 Inc/Loss HAVENCREST HEALTHCARE PARTNERS II, L -734 2,850  
K-1 Inc/Loss HAVENCREST HEALTHCARE PARTNERS, LP -8,242 -28  
K-1 Inc/Loss HCM V, L.P 1,081 1,081  
K-1 Inc/Loss HEROIC VENTURES, L.P 75 75  
K-1 Inc/Loss HUAXING CAPITAL PARTNERS II, LP 1,114 1,114  
K-1 Inc/Loss HUAXING CAPITAL PARTNERS, LP 2,978 2,978  
K-1 Inc/Loss INNOVATION WORKS DEVELOPMENT FUND, L 337 337  
K-1 Inc/Loss LEARNSTART I, L.P 196 196  
K-1 Inc/Loss LEARNSTART II, L.P. 645 645  
K-1 Inc/Loss LEGACY CAPITAL, LP 21,610 21,610  
K-1 Inc/Loss LEVEL EQUITY GROWTH PARTNERS I, LP -4,630 1,221  
K-1 Inc/Loss LJ VENTURES FUND II, L.P 214 214  
K-1 Inc/Loss LJV FUND III, L.P 438 438  
K-1 Inc/Loss LJV OPPORTUNITY FUND I, L.P 240 240  
K-1 Inc/Loss MAVEN VENTURES FUND II, L.P 212 212  
K-1 Inc/Loss MAVEN VENTURES FUND III, L.P 382 382  
K-1 Inc/Loss MERON II, L.P 371 371  
K-1 Inc/Loss MITHRIL II LP 3,258 3,258  
K-1 Inc/Loss MORTAR & MASH ONE, LLC 6,732 750  
K-1 Inc/Loss MOSAIC GENERAL FUND I, LP (FKA MASTR 254 254  
K-1 Inc/Loss NEW FORM CAPITAL I, L.P. 1,229 1,229  
K-1 Inc/Loss NEXT COAST VENTURES III, L.P 1,793 1,793  
K-1 Inc/Loss NIMBLE PARTNERS FUND I, LP 30,025 28,691  
K-1 Inc/Loss NIMBLE PARTNERS FUND II, LP 3,003 3,003  
K-1 Inc/Loss QUIET GROWTH I, L.P 75 75  
K-1 Inc/Loss REGENERATION.VC FUND 1, LP 298 298  
K-1 Inc/Loss ROGUE CAPITAL PARTNERS, L.P 10 10  
K-1 Inc/Loss SALT FUND I, L.P. 194 194  
K-1 Inc/Loss SILVER LAKE WATERMAN FUND, L.P -880 -880  
K-1 Inc/Loss SKY9 CAPITAL FUND IV, L.P 15 15  
K-1 Inc/Loss TANDEM FUND II, LP 24 24  
K-1 Inc/Loss THE CXO FUND, LLC 3,643 3,643  
K-1 Inc/Loss VOLTA ENERGY STORAGE FUND I L.P. 1,352 1,352  
K-1 Inc/Loss WILL VENTURES FUND I, L.P 508 508  
K-1 Inc/Loss WTI FUND X LLC 56,999 56,999  
Interest Income from PRI 16,156 16,156 16,156
Interest from partnerships 17,345 17,345  


TY 2023 OtherIncreasesSchedule
Name:
The Passport Foundation
EIN:
26-1580196
Description Amount
RETURNED GRANT 100,000


TY 2023 OtherProfessionalFeesSchedule
Name:
The Passport Foundation
EIN:
26-1580196
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Philanthropic Consulting Srvcs 15,000     15,000
IT SERVICES 13,750     13,750


TY 2023 TaxesSchedule
Name:
The Passport Foundation
EIN:
26-1580196
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023 40,700      
Foreign Tax Paid 35 35