| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 45,066 | 0 | 45,066 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| AMENDED RETURN | FORM 990-PF, PAGE 1, SECTION B: | DE BEAUMONT FOUNDATION IS FILING THIS 2022 AMENDED FORM 990-PF TO CORRECT THE FAIR MARKET VALUE OF ONE OF ITS INVESTMENTS, NEWBURY EQUITY PARTNERS III, AS OF DECEMBER 31, 2022. THE AMENDED RETURN RESULTS IN AN INCREASE IN THE EXCESS DISTRIBUTIONS CARRYOVER TO 2023 TO $7,898,159. THE ORIGINAL 2022 FORM 990-PF REPORTED THE FAIR MARKET VALUE AS REPORTED ON THE FOUNDATION'S INVESTMENT STATEMENT FOR DECEMBER 31, 2022. THE FAIR MARKET VALUE WAS LATER CORRECTED ON THE JANUARY 31, 2023 INVESTMENT STATEMENT. THE TAX SERVICES TEAM INADVERTENTLY PREPARED THE FORM 990-PF USING THE FAIR MARKET VALUE REPORTED ON THE DECEMBER 31, 2022 INVESTMENT STATEMENT RATHER THAN THE CORRECTED AMOUNT. THE FOLLOWING SECTIONS IN THE TAX RETURN HAVE CHANGED:PAGE 1, PART I - LINE I: FAIR MARKET VALUE OF ALL ASSETS AT END OF YEARSTATEMENT 10: OTHER INVESTMENTS THE FAIR MARKET VALUE OF THE NEWBURY EQ PARTNERS III HAS CHANGED TO $1,995,109.PART II: BALANCE SHEET LINE 13, COLUMN (C)- INVESTMENTS - OTHER AND LINE 16, COLUMN (C) - TOTAL ASSETSPART IX: MINIMUM INVESTMENT RETURN LINES 1C, 1D, 3, 4, 5 AND 6PART X: DISTRIBUTABLE INCOME LINES 1, 3, 5 AND 7PART XII: UNDISTRIBUTED INCOME LINES 1, COLUMN (D), 4(D), COLUMN (D), 4(E), COLUMN (A), 5, COLUMNS (A) AND (D), 6(A), COLUMN (A), 9, COLUMN (A), 10(C) AND 10(E)THIS AMENDMENT ENSURES THE FOUNDATION'S FINANCIAL POSITION PRESENTED IN THE 2022 FORM 990-PF ACCURATELY REFLECTS THE ACTUAL, CORRECTED FAIR MARKET VALUE OF THE INVESTMENTS AS OF THE YEAR ENDED DECEMBER 31, 2022. ALTHOUGH THE AMENDED FORM 990-PF RESULTS IN A CHANGE IN THE EXCESS DISTRIBUTIONS CARRYOVER TO 2023, THERE WAS NO CHANGE IN NET INVESTMENT INCOME OR NET INVESTMENT INCOME TAX FOR TAX YEAR 2022. |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FIDELITY INTERMEDIATE TREASURY BOND | 2,782 | 2,390 |
| FPA CRESCENT PORTFOLIO CI I | 11,016,659 | 11,655,212 |
| ISHARES MSCI ACWI ETF | 18,263,571 | 15,492,722 |
| VANGUARD SHORT TERM TREASURY ADM | 15,064,119 | 13,944,413 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ACCOLADE PARTNERS VII-A LP | AT COST | 1,045,092 | 4,479,921 |
| ACCOLADE PARTNERS VIII-G, L.P. | AT COST | 750,000 | 750,000 |
| ADAMAS OPPORTUNITIES LP - CCA | AT COST | 0 | 157,315 |
| AETHER REAL ASSETS FD III-CCA | AT COST | 1,537,414 | 1,479,807 |
| ALTIMETER GROWTH PART FUND VI | AT COST | 879,689 | 883,293 |
| ALTIMETER PARTNERS FUND LP | AT COST | 10,000,000 | 5,241,690 |
| AMERICAN SECURITIES PARTNER VII LP | AT COST | 2,972,169 | 5,274,370 |
| AMERICAN SECURITIES PARTNER VIII LP | AT COST | 4,255,425 | 4,337,861 |
| ANCHORAGE CAPITAL PARTNERS OFFSHORE | AT COST | 1,609,190 | 2,247,080 |
| ARROWSTREET CAP GLB ALL CTRY AL EX | AT COST | 15,000,000 | 13,590,600 |
| ASPEX GLOBAL FUND | AT COST | 7,000,000 | 6,988,417 |
| AUDAX PRIVATE EQUITY FUND VI-A LP | AT COST | 1,112,248 | 2,860,652 |
| CENDANA CAPITAL V, L.P. | AT COST | 195,000 | 195,000 |
| CENDANA INTERNATIONAL II LP | AT COST | 450,000 | 508,157 |
| DAVIDSON KEMPNER INST PTNRS - CLIENT | AT COST | 5,000,000 | 8,586,745 |
| DRAGONEER GBL OFFSHORE FEEDER II LP | AT COST | 3,414,652 | 2,208,638 |
| DURABLE CAPITAL OFFSHORE FUND LTD | AT COST | 10,000,000 | 8,694,550 |
| EQT INFRA IV (NO. 2) USD SCSP. | AT COST | 2,204,109 | 2,824,352 |
| ETON PARK OVERSEES FUND, LTD. | AT COST | 2,896 | 1,833 |
| GENERATION LM ASIA FUND LP | AT COST | 2,000,000 | 2,008,636 |
| GENERATION LM GLOBAL EQUITY FUND LLC | AT COST | 4,000,000 | 4,284,196 |
| GREENSPRING SECONDARY FUND V CAYMAN | AT COST | 886,600 | 1,308,312 |
| LEGACY VENTURE IX, LLC | AT COST | 2,068,766 | 4,269,517 |
| LEGACY VENTURE VII, LLC | AT COST | 184,466 | 4,517,188 |
| LEGACY VENTURE VIII, LLC | AT COST | 1,855,693 | 5,363,471 |
| LEGACY VENTURE X, LLC | AT COST | 1,150,000 | 1,097,880 |
| LEGACY VENTURE XI, LLC | AT COST | 100,000 | 98,836 |
| LONE PINE CAPITAL LLC | AT COST | 10,000,000 | 7,032,090 |
| NEWBURY EQ PARTNERS III-CCA | AT COST | 150,394 | 1,995,109 |
| ROCK SPRINGS CAP OFFSHORE FD | AT COST | 7,000,000 | 5,467,700 |
| SUMMIT PARTNERS GROWTH EQUITY IX-A | AT COST | 439,016 | 7,919,772 |
| SUMMIT PARTNERS GROWTH EQUITY X-A | AT COST | 1,963,868 | 2,252,631 |
| SUMMIT PARTNERS GROWTH EQUITY XI-A | AT COST | 339,831 | 339,831 |
| TA XIII-B LP | AT COST | 1,867,500 | 3,832,465 |
| TA XIV-B LP | AT COST | 1,740,000 | 1,537,194 |
| TIGER GLOBAL LONG OPPORTUNITIES LTD | AT COST | 10,000,000 | 2,834,472 |
| TRUEBRIDGE GLOBAL PREMIER | AT COST | 415,000 | 415,000 |
| VARDE FUND XIII (B) (FEEDER) LP | AT COST | 2,401,336 | 2,726,088 |
| VARDE INVESTMENT PARTNERS OFFSHORE | AT COST | 1,184,844 | 1,699,873 |
| VIKING GLOBAL OPP III LP | AT COST | 10,000,000 | 9,699,630 |
| WHEELOCK STREET REAL ESTATE FD V LP | AT COST | 344,362 | 1,029,335 |
| WHEELOCK STREET REAL ESTATE FD VI LP | AT COST | 825,370 | 1,084,620 |
| WHI REAL ESTATE PARTNERS IV-TE LP | AT COST | 2,874 | 606,241 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 26,077 | 0 | 26,077 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DEPOSITS | 13,156 | 13,156 | 13,156 |
| DUE FROM VOSE RIVER CHARITABLE FUND | 667,905 | 667,905 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| D&O INSURANCE | 13,099 | 0 | 13,099 | |
| CORPORATE FILING FEES | 622 | 0 | 622 | |
| RESEARCH AND EVALUATION | 340,545 | 0 | 340,545 | |
| DUES AND SUBSCRIPTIONS | 54,182 | 0 | 54,182 | |
| EDUCATION & PROFESSIONAL DEVELOPMENT | 109,501 | 3,833 | 105,668 | |
| INFORMATION TECHNOLOGY | 101,217 | 0 | 101,217 | |
| ACCOUNTING SERVICES | 46,685 | 28,011 | 18,674 | |
| MISCELLANEOUS | 1,743 | 0 | 1,743 | |
| OFFICE EXPENSES | 148,029 | 0 | 148,029 | |
| FINES & PENALTIES | 228 | 0 | 0 | |
| PARTNERSHIP EXPENSES | 0 | 1,236,505 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ROYALTIES | 835 | 835 | 835 |
| OTHER INCOME FROM K-1S | 3,518,412 | ||
| RENTAL LOSS FROM K-1S | -80,834 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO VOSE RIVER CHARITABLE FUND | 56,400 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING FEES | 2,045,530 | 0 | 2,045,530 | |
| INVESTMENT MANAGEMENT FEES | 450,600 | 450,600 | 0 | |
| PAYROLL SERVICE FEES | 33,217 | 0 | 33,217 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BUSINESS INCOME TAX | 40,222 | 0 | 0 | |
| EXCISE TAX | 798,680 | 0 | 0 | |
| FOREIGN TAXES | 0 | 82,141 | 0 | |
| PAYROLL TAXES | 212,586 | 7,441 | 205,145 |