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
VALHALLA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2995 WOODSIDE ROAD 400-560
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WOODSIDE, CA94062
A Employer identification number

20-0478828
B Telephone number (see instructions)

(650) 529-9207
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$602,326,886J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 15,226,323 15,751,928  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 908,579
b Gross sales price for all assets on line 6a 122,248,469
7 Capital gain net income (from Part IV, line 2)... 555,007
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).......      
12 Total. Add lines 1 through 11........ 16,134,902 16,306,935  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
10,855 4,365   6,760
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
60,433 15,108   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
3,675,610 1,805,085   1,826,526
17 Interest............... 24,863 24,863   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,321,681 452,099   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 18,987 0   18,987
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
51,144 84,229   41,061
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,163,573 2,385,749   1,893,334
25 Contributions, gifts, grants paid....... 127,956,635 113,185,411
26 Total expenses and disbursements. Add lines 24 and 25 133,120,208 2,385,749   115,078,745
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -116,985,306
b Net investment income (if negative, enter -0-) 13,921,186
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.............      
2 Savings and temporary cash investments......... 19,408,179 10,837,895 10,837,895
3 Accounts receivable right arrow4,578
Less: allowance for doubtful accounts right arrow   12,205 4,578 4,578
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 arrow277,763
Less: allowance for doubtful accounts right arrow0 559,702 277,763 277,763
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)....... 379,432,407 Click to see attachment
List of Attached Documents:
// Content
355,015,070 		355,015,070
c Investments—corporate bonds (attach schedule)....... 196,445,779 Click to see attachment
List of Attached Documents:
// Content
184,712,228 		184,712,228
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).......... 42,475,652 Click to see attachment
List of Attached Documents:
// Content
51,479,352 		51,479,352
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) 638,333,924 602,326,886 602,326,886
Liabilities 17 Accounts payable and accrued expenses.......... 712,736 729,053
18 Grants payable................. 131,447,676 146,218,900
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
17,695 		Click to see attachment
List of Attached Documents:
// Content
1,169,376
23 Total liabilities (add lines 17 through 22)......... 132,178,107 148,117,329
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........... 506,155,817 454,209,557
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)..... 506,155,817 454,209,557
30 Total liabilities and net assets/fund balances (see instructions). 638,333,924 602,326,886
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
506,155,817
2
Enter amount from Part I, line 27a .....................
2
-116,985,306
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
65,039,046
4
Add lines 1, 2, and 3 ..........................
4
454,209,557
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
454,209,557
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 ST CAPITAL GAIN K-1S P 2023-12-31 2023-12-31
b LT CAPITAL GAIN K-1S P 2022-12-31 2023-12-31
c PUBLICLY TRADED SECURITIES-JPM #5005 P 2023-12-31 2023-12-31
d PUBLICLY TRADED SECURITIES-JPM #5005 P 2022-12-31 2023-12-31
e REALIZED GAIN FROM BOOK P 2022-12-31 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 17,143     17,143
b     486,179 -486,179
c 27,775,047   26,222,275 1,552,772
d 93,547,700   94,076,429 -528,729
e 908,579   908,579 0
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       17,143
b       -486,179
c       1,552,772
d       -528,729
e       0
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 2 555,007
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) 1 193,504
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........................... 3 193,504
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- ..... 5 193,504
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 153,026
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 140,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 293,026
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
8 146
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 99,376
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow99,376 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowVALHALLA.ORG
14
The books are in care ofright arrowALEX TERMAN Telephone no.right arrow (650) 529-9207

Located atright arrow2995 WOODSIDE ROADWOODSIDECA ZIP+4right arrow94062
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
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
Yes
 
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
 
No
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
Yes
 
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
H SIGNE OSTBY BOARD CHAIR
4.00 		0 0 0
2995 WOODSIDE ROAD
WOODSIDE,CA94062
SCOTT D COOK TREASURER
2.00 		0 0 0
2995 WOODSIDE ROAD
WOODSIDE,CA94062
ALEX TERMAN SECRETARY
2.00 		0 0 0
2995 WOODSIDE ROAD
WOODSIDE,CA94062
AMY RODDE INTERIM PRESIDENT
40.00 		0 0 0
2995 WOODSIDE ROAD
WOODSIDE,CA94062
SARA ALLAN PRESIDENT - AS OF DECEMBER 2023
40.00 		0 0 0
2995 WOODSIDE ROAD
WOODSIDE,CA64062
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
THE BRIDGESPAN GROUP PHILANTHROPIC ADVISORY SERVICES 1,771,000
88 KEARNY ST SUITE 200
SAN FRANCISCO,CA94108
MOSS ADAMS LLP ACCOUNTING AND TAX PREPARATION 60,398
101 SECOND STREET SUITE 900
SAN FRANCISCO,CA94105
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 IN 2019 AND 2020, THE FOUNDATION MADE A TOTAL OF $500,000 IN PROGRAM-RELATED INVESTMENT LOANS TO EARLY LEARNING SOLUTIONS, INC. (ELS). UNDER THE TERMS OF THE LOAN AGREEMENT, ELS MAY REQUEST UP TO $1,000,000 IN TOTAL LOAN FUNDING. INTEREST ON OUTSTANDING PRINCIPAL ACCRUES AT AN ANNUAL RATE OF 2.59%. THE CHARITABLE PURPOSE OF THE LOAN IS TO SUPPORT THE PROVISION OF STANDARDS-ALIGNED, EVIDENCE-BASED EARLY LEARNING MATH SOFTWARE, WITH EFFORTS MADE AND DISCOUNTS PROVIDED TO FACILITATE THE IMPLEMENTATION, TRAINING, AND SALE OF THE SOFTWARE AND SOFTWARE-RELATED SERVICES IN SCHOOLS OR EDUCATIONAL FACILITIES WHERE AT LEAST FIFTY PERCENT OF CHILDREN ENROLLED ARE ELIGIBLE FOR FREE OR REDUCED PRICE MEALS. EXPENDITURE RESPONSIBILITY IS BEING CONDUCTED ON THIS LOAN AND REPORTED ON STATEMENT 12. 0
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
552,143,041
b
Average of monthly cash balances.......................
1b
10,831,930
c
Fair market value of all other assets (see instructions)................
1c
51,509,353
d
Total (add lines 1a, b, and c).........................
1d
614,484,324
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
614,484,324
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
9,217,265
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
605,267,059
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
30,263,353
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
30,263,353
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
193,504
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
193,504
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
30,069,849
4
Recoveries of amounts treated as qualifying distributions................
4
340,711
5
Add lines 3 and 4............................
5
30,410,560
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
30,410,560
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
115,078,745
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
115,078,745
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 30,410,560
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...... 26,270,619
b From 2019...... 14,560,293
c From 2020...... 37,170,453
d From 2021...... 25,002,356
e From 2022...... 48,684,348
f Total of lines 3a through e ........ 151,688,069
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 115,078,745
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..... 30,410,560
e Remaining amount distributed out of corpus 84,668,185
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 5 236,356,254
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) ... 		26,270,619
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		210,085,635
10 Analysis of line 9:
a Excess from 2019.... 14,560,293
b Excess from 2020.... 37,170,453
c Excess from 2021.... 25,002,356
d Excess from 2022.... 48,684,348
e Excess from 2023.... 84,668,185
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).)
H SIGNE OSTBY
SCOTT D COOK
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

ALLIANCE FOR EARLY SUCCESS

PO BOX 53036
WASHINGTON,DC20009 		NONE PC SCALING HIGH QUALITY PUBLIC SCHOOLS 850,000

AYUDANDO LATINOS A SONAR

636 PURISSIMA STREET
HALF MOON BAY,CA94019 		NONE PC GENERAL OPERATING SUPPORT - COMMUNITY SUPPORT PROGRAMS 110,000

BABY2BABY

5830 W JEFFERSON BLVD SUITE 200
LOS ANGELES,CA90016 		NONE PC SUPPORT FOR LOW-INCOME FAMILIES WITH YOUNG CHILDREN 50,000

BLUE MERIDIAN PARTNERS

415 MADISON AVE 10TH FLOOR
NEW YORK,NY10017 		NONE PC COLLABORATIVE PHILANTHROPY INITIATIVE 10,000,000

BOYS AND GIRLS CLUB OF THE COASTSIDE

600 CHURCH STREET
HALF MOON BAY,CA94019 		NONE PC GENERAL OPERATING SUPPORT - EDUCATIONAL PROGRAMS 50,000

BOYS HOPE GIRLS HOPE INTERNATIONAL

12120 BRIDGETON SQUARE
BRIDGETON,MO63044 		NONE PC GENERAL OPERATING SUPPORT - EDUCATIONAL PROGRAMS 125,000

CASE METHOD INSTITUTE FOR EDUCATION AND DEMOCRACY

8 STORY STREET SUITE 100
CAMBRIDGE,MA02138 		NONE PC SCALING HIGH SCHOOL CIVICS PROGRAM 1,500,000

CENTER FOR POLICING EQUITY

PO BOX 102845
LOS ANGELES,CA91189 		NONE PC EVIDENCE-BASED APPROACHES TO SOCIAL JUSTICE, CULTURAL, AND POLICY CHANGE 1,000,000

CENTERING HEALTHCARE INSTITUTE

89 SOUTH STREET 404
BOSTON,MA02111 		NONE PC MATERNAL AND EARLY CHILDHOOD HEALTHCARE INITIATIVES 1,534,432

CHARTER SCHOOL GROWTH FUND

10901 W 120TH AVENUE SUITE 450
BROOMFIELD,CO80021 		NONE PC SCALING HIGH QUALITY PUBLIC SCHOOLS 7,000,000

CITY FUND

6312 SEVEN CORNERS CENTER 354
FALLS CHURCH,VA22044 		NONE PC SCALING HIGH QUALITY PUBLIC SCHOOLS 8,333,333

COASTSIDE CHILDREN'S PROGRAMS

225 CABRILLO HWY S SUITE 208D
HALF MOON BAY,CA94019 		NONE PC GENERAL OPERATING SUPPORT - EDUCATIONAL PROGRAMS 110,000

COASTSIDE HOPE

99 AVE ALHAMBRA PO BOX 1089
EL GRANADA,CA94018 		NONE PC GENERAL OPERATING SUPPORT - COMMUNITY PROGRAMS 50,000

CODE FOR AMERICA

972 MISSION STREET 5TH FLOOR
SAN FRANCISCO,CA94103 		NONE PC IMPROVING GOVERNMENT PROGRAMS AND POLICIES 2,000,000

COMMUNITY FOOD BANK OF SOUTHERN ARIZONA

3003 S COUNTRY CLUB ROAD
TUCSON,AZ85713 		NONE PC HUNGER PREVENTION PROGRAMS 300,000

COMMUNITY PARTNERS

1001 N ALAMEDA ST SUITE 240
LOS ANGELES,CA90012 		NONE PC JUST EQUATIONS, A MATH EDUCATION INITIATIVE 256,500

COMPUTER HISTORY MUSEUM

1401 N SHORELINE BLVD
MOUNTAIN VIEW,CA94043 		NONE PC GENERAL OPERATING SUPPORT - EDUCATIONAL PROGRAMS 220,000

CONCORD CONSORTIUM

25 LOVE LANE
CONCORD,MA01742 		NONE PC DATA SCIENCE EDUCATION FIELD-BUILDING INITIATIVES 300,000

CRISIS TEXT LINE

24 WEST 25TH STREET 6TH FLOOR
NEW YORK,NY10010 		NONE PC SCALING MENTAL HEALTH PROGRAMS 2,000,000

DESTINATION HOME

3180 NEWBERRY DRIVE SUITE 200
SAN JOSE,CA95118 		NONE PC HOMELESSNESS PREVENTION PROGRAMS 1,000,000

EARLY LEARNING SOLUTIONS

22 PEARCE MITCHELL PLACE
STANFORD,CA94305 		NONE NC SCALING EARLY CHILDHOOD MATH PROGRAMS 250,000

EASTSIDE COLLEGE PREPARATORY SCHOOL

1041 MYRTLE STREET
EAST PALO ALTO,CA94303 		NONE PC GENERAL SUPPORT - EDUCATIONAL PROGRAMS 175,000

EDUCATE GIRLS

815 BRAZOS STREET
AUSTIN,TX78701 		NONE PC SCALING INTERNATIONAL EDUCATIONAL PROGRAM 1,000,000

ENVIRONMENTAL DEFENSE FUND

257 PARK AVENUE SOUTH
NEW YORK,NY10010 		NONE PC METHANE, AGRICULTURE, AND CLEAN AIR INITIATIVES 11,000,000

FAMILY CONNECTS INTERNATIONAL

3710 UNIVERSITY DRIVE 310
DURHAM,NC27707 		NONE PC SCALING EARLY CHILDHOOD DEVELOPMENT PROGRAMS 350,000

FEEDING AMERICA

161 N CLARK SUITE 700
CHICAGO,IL60601 		NONE PC INITIATIVE TO FEED AMERICA THROUGH FOOD BANKS 100,000

FEEDING SAN DIEGO

9455 WAPLES STREET SUITE 135
SAN DIEGO,CA92121 		NONE PC HUNGER PREVENTION PROGRAMS 550,000

FOUNDATION FOR EXCELLENCE IN EDUCATION

215 SOUTH MONROE STREET 710
TALLAHASSEE,FL32301 		NONE PC DATA SCIENCE EDUCATION FIELD-BUILDING INITIATIVES 740,000

GLOBAL FISHING WATCH

1025 CONNECTICUT AVE NW SUITE 200
WASHINGTON,DC20036 		NONE PC OCEAN CONSERVATION INITIATIVES 2,000,000

HARVARD BUSINESS SCHOOL

SOLDIERS FIELD
BOSTON,MA02163 		NONE PC THE DIGITAL DATA AND DESIGN INSTITUTE AT HARVARD 3,333,334

HARVARD BUSINESS SCHOOL

SOLDIERS FIELD
BOSTON,MA02163 		NONE PC HBS FUND FOR FACULTY AND RESEARCH 550,000

IMAGINE WORLDWIDE

575 MARKET STREET
SAN FRANCISCO,CA94105 		NONE PC SCALING INTERNATIONAL EDUCATIONAL PROGRAMS 1,000,000

INSTITUTE FOR CHILD SUCCESS

613 E MCBEE AVENUE
GREENVILLE,SC29601 		NONE PC EARLY CHILDHOOD DEVELOPMENT FIELD-BUILDING INITIATIVE 250,000

INTERNATIONAL MEDICAL CORPS

12400 WILSHIRE BLVD SUITE 1500
LOS ANGELES,CA90025 		NONE PC UKRAINE HUMANITARIAN RELIEF AND GENERAL OPERATING SUPPORT 1,100,000

INTERNATIONAL REFUGEE ASSISTANCE PROJECT

ONE BATTERY PARK PLAZA 33RD FLOOR
NEW YORK,NY10004 		NONE PC ADVOCACY FOR REFUGEES AND DISPLACED PERSONS 1,666,667

KIPP FOUNDATION

135 MAIN STREET SUITE 1700
SAN FRANCISCO,CA94105 		NONE PC SCALING HIGH QUALITY PUBLIC SCHOOLS 6,000,000

KQED

2601 MARIPOSA STREET
SAN FRANCISCO,CA94110 		NONE PC GENERAL OPERATING SUPPORT - PUBLIC INTEREST MEDIA 10,000

LENA FOUNDATION

5525 CENTRAL AVENUE
BOULDER,CO80301 		NONE PC SCALING EARLY CHILDHOOD DEVELOPMENT PROGRAMS 1,080,000

LIFEMOVES

2550 GREAT AMERICA WAY SUITE 201
SANTA CLARA,CA95054 		NONE PC HOMELESSNESS PREVENTION AND INTERIM SHELTER PROGRAMS 2,750,000

MAYO CLINIC

200 FIRST ST SW
ROCHESTER,MN55905 		NONE PC GENERAL SUPPORT - MEDICAL RESEARCH INITIATIVES 2,000,000

NATIONAL CENTER FOR CIVIC INNOVATION

121 AVENUE OF THE AMERICAS
NEW YORK,NY10013 		NONE PC COURSEKATA, A DATA SCIENCE EDUCATION INITIATIVE 418,000

NEW VENTURE FUND

1828 L STREET NW SUITE 300-A
WASHINGTON,DC20036 		NONE PC CLEAN SLATE INITIATIVE, A SOCIAL JUSTICE PROGRAM 500,000

NEW YORK UNIVERSITY

ONE PARK AVENUE 5TH FLOOR
NEW YORK,NY10016 		NONE PC PARENTCORPS, AN EARLY CHILDHOOD DEVELOPMENT PROGRAM 371,400

NOORA HEALTH

2443 FILLMORE STREET 380-3203
SAN FRANCISCO,CA94115 		NONE PC CARE COMPANION PROGRAMS 166,667

NURSE-FAMILY PARTNERSHIP

1900 GRANT STREET SUITE 400
DENVER,CO80203 		NONE PC SCALING EARLY CHILDHOOD DEVELOPMENT PROGRAMS 1,200,000

ONE ACRE FUND

1954 FIRST STREET 183
HIGHLAND PARK,IL60035 		NONE PC SCALING INTERNATIONAL DEVELOPMENT PROGRAMS 2,960,000

PUENTE DE LA COSTA SUR

620 NORTH STREET
PESCADERO,CA94060 		NONE PC PROMOTING AND ADVOCATING FOR EQUITABLE ACCESS TO EDUCATION, HEALTH, AND ECONOMIC SECURITY 440,000

QUECHUA BENEFIT

11785 SW RIVER ROAD
HILLSBORO,OR97123 		NONE PC GENERAL SUPPORT - SOCIAL JUSTICE PROGRAMS 11,000

ROCKEFELLER PHILANTHROPY ADVISORS

6 WEST 48TH STREET 10TH FLOOR
NEW YORK,NY10036 		NONE PC PROMISE VENTURE STUDIO, AN EARLY CHILDHOOD FIELD-BUILDING INITIATIVE 2,229,000

SAVE THE REDWOODS LEAGUE

111 SUTTER ST 11TH FLOOR
SAN FRANCISCO,CA94104 		NONE PC GENERAL SUPPORT - CONSERVATION INITIATIVES 110,000

SECOND HARVEST OF SILICON VALLEY

750 CURTNER AVENUE
SAN JOSE,CA94125 		NONE PC HUNGER PREVENTION PROGRAMS 1,050,000

SEMPERVIRENS FUND

PO BOX 1417
LOS ALTOS,CA94023 		NONE PC GENERAL SUPPORT - CONSERVATION INITIATIVES 55,000

SILICON SCHOOLS FUND

827 BROADWAY SUITE 300
OAKLAND,CA94607 		NONE PC SCALING HIGH QUALITY PUBLIC SCHOOLS 500,000

SIRUM

3000 EL CAMINO REAL BLDG 4 200
PALO ALTO,CA94306 		NONE PC IMPROVING ACCESS TO MEDICATION 600,000

STANFORD UNIVERSITY

485 LASUEN MALL
STANFORD,CA94305 		NONE PC DATA SCIENCE EDUCATION INITIATIVE 250,000

START EARLY

33 WEST MONROE STREET SUITE 1200
CHICAGO,IL60603 		NONE PC FIRST FIVE YEARS FUND, AN EARLY CHILDHOOD POLICY INITIATIVE 400,000

TALKINGPOINTS

2021 FILLMORE STREET 2124
SAN FRANCISCO,CA94115 		NONE PC SCALING FAMILY ENGAGEMENT TECHNOLOGY PLATFORM 750,000

TEACHERS COLLEGE COLUMBIA UNIVERSITY

525 WEST 120TH STREET BOX 30
NEW YORK,NY10027 		NONE PC BABY'S FIRST YEARS, AN EARLY CHILDHOOD RESEARCH INITIATIVE 700,000

TED FOUNDATION

330 HUDSON STREET 11TH FLOOR
NEW YORK,NY10013 		NONE POF SCALING COLLABORATIVE PHILANTHROPY INITIATIVES 1,000,000

THE BRIDGESPAN GROUP

2 COPLEY PLACE NO 3700B
BOSTON,MA02116 		NONE PC SCALING COLLABORATIVE PHILANTHROPY INITIATIVES 1,000,000

THE HUNT INSTITUTE

4000 CENTREGREEN WAY SUITE 301
CARY,NC27513 		NONE PC EARLY CHILDHOOD FIELD-BUILDING INITIATIVE 400,000

THE LAND TRUST FOR SANTA BARBARA COUNTY

1530 CHAPALA STREET SUITE A
SANTA BARBARA,CA93101 		NONE PC GENERAL SUPPORT - CONSERVATION INITIATIVES 45,000

THE UNIVERSITY OF CHICAGO

5801 SOUTH ELLIS AVENUE
CHICAGO,IL60637 		NONE PC DATA SCIENCE EDUCATION FIELD-BUILDING INITIATIVES 810,000

THINK OF US

700 PENNSYLVANIA AVE SE SUITE 200
WASHINGTON,DC20003 		NONE PC GENERAL SUPPORT - FOSTER YOUTH INITIATIVES 500,000

THIRD SECTOR NEW ENGLAND

89 SOUTH STREET SUITE 700
BOSTON,MA02111 		NONE PC EARLY CHILDHOOD FUNDERS COLLABORATIVE 7,735

THORN

200 PARK AVENUE SOUTH 8TH FLOOR
NEW YORK,NY10003 		NONE PC CHILD ABUSE PREVENTION PROGRAMS 570,000

UC BERKELEY FOUNDATION

1995 UNIVERSITY AVE SUITE 401
BERKELEY,CA94704 		NONE PC INNOVATIVE GENOMICS INSTITUTE 2,000,000

UCSF FOUNDATION

600 W 16TH STREET GENENTECH HALL
S374
SAN FRANCISCO,CA94117 		NONE PC MEDICAL RESEARCH INITIATIVES 6,756,000

UCSF FOUNDATION

600 W 16TH STREET GENENTECH HALL
S374
SAN FRANCISCO,CA94117 		NONE PC MEDICAL RESEARCH FELLOWS PROGRAM 840,000

UNIVERSITY OF CALIFORNIA LOS ANGELES

10889 WILSHIRE BLVD SUITE 700
LOS ANGELES,CA90095 		NONE PC INTRODUCTION TO DATA SCIENCE, A DATA SCIENCE EDUCATION INITIATIVE 410,000

UNIVERSITY OF NEBRASKA MEDICAL CENTER

987835 NEBRASKA MEDICAL CENTER
OMAHA,NE68198 		NONE PC EARLY CHILDHOOD DATA INITIATIVE 82,500

UNIVERSITY OF WISCONSIN FOUNDATION

1848 UNIVERSITY AVE
MADISON,WI53726 		NONE PC SCHOOL OF COMPUTER, DATA & INFORMATION SCIENCES 500,000

VANDERBILT UNIVERSITY

230 APPLETON PL 5721
NASHVILLE,TN37203 		NONE PC PRENATAL-TO-3 POLICY IMPACT CENTER, AN EARLY CHILDHOOD RESEARCH AND POLICY INITIATIVE 500,000

VIDA VERDE NATURE EDUCATION

3540 LA HONDA ROAD
SAN GREGORIO,CA94074 		NONE PC OUTDOOR EDUCATIONAL PROGRAMS 215,000

WATERFORD INSTITUTE

4246 RIVERBOAT ROAD
TAYLORSVILLE,UT84123 		NONE PC SCALING KINDERGARTEN READINESS PROGRAMS 7,299,843

WHITEHEAD INSTITUTE

4246 RIVERBOAT ROAD
TAYLORSVILLE,UT84123 		NONE PC MEDICAL RESEARCH FELLOWS PROGRAM 1,300,000

WIKIMEDIA FOUNDATION

1 MONTGOMERY STREET SUITE 1600
SAN FRANCISCO,CA94104 		NONE PC GENERAL SUPPORT - PUBLIC INTEREST MEDIA 11,000

WILDFLOWER SCHOOLS

1330 LAGOON AVE 4TH FLOOR
MINNEAPOLIS,MN55408 		NONE PC SCALING MONTESSORI EDUCATIONAL PROGRAMS 500,000

WOODSIDE COMMUNITY FOUNDATION

PO BOX 620494
WOODSIDE,CA94062 		NONE PC TRAIL FUND AND CONSERVATION INITIATIVES 22,000

WOODSIDE-PORTOLA VALLEY FIRE PROTECTION FOUNDATION

3111 WOODSIDE ROAD
WOODSIDE,CA94062 		NONE PC FIRE PREVENTION AND CONSERVATION INITIATIVES 11,000

WOODWELL CLIMATE RESEARCH CENTER

149 WOODS HOLE ROAD
FALMOUTH,MA02540 		NONE PC CLIMATE CHANGE RESEARCH INITIATIVES 1,000,000

ZERO TO THREE

2445 M STREET NW
WASHINGTON,DC20037 		NONE PC HEALTHYSTEPS, AN EARLY CHILDHOOD DEVELOPMENT INITIATIVE 2,000,000
Total .................................right arrow 3a 113,185,411
bApproved for future payment

BOYS AND GIRLS CLUB OF THE COASTSIDE
600 CHURCH STREET
HALF MOON BAY,CA94019 		NONE PC GENERAL OPERATING SUPPORT - EDUCATIONAL PROGRAMS 60,000

COASTSIDE HOPE
99 AVE ALHAMBRA PO BOX 1089
EL GRANADA,CA94018 		NONE PC GENERAL OPERATING SUPPORT - COMMUNITY PROGRAMS 60,000

CONCORD CONSORTIUM
25 LOVE LANE
CONCORD,MA01742 		NONE PC DATA SCIENCE EDUCATION FIELD-BUILDING INITIATIVES 50,000

DESTINATION HOME
3180 NEWBERRY DRIVE SUITE 200
SAN JOSE,CA95118 		NONE PC HOMELESSNESS PREVENTION PROGRAMS 1,200,000

GLOBAL FISHING WATCH
1025 CONNECTICUT AVE NW SUITE 200
WASHINGTON,DC20036 		NONE PC OCEAN CONSERVATION INITIATIVES 8,000,000

LEADING EDUCATORS
3014 DAUPHINE ST SUITE L
NEW ORLEANS,LA70117 		NONE PC SCALING TEACHER PROFESSIONAL DEVELOPMENT PROGRAMS 6,150,000

NATIONAL CENTER FOR CIVIC INNOVATION
121 AVENUE OF THE AMERICAS
NEW YORK,NY10013 		NONE PC COURSEKATA, A DATA SCIENCE EDUCATION INITIATIVE 1,000,000

NEW VENTURE FUND
1828 L STREET NW SUITE 300-A
WASHINGTON,DC20036 		NONE PC CLEAN SLATE INITIATIVE, A SOCIAL JUSTICE PROGRAM 5,500,000

REACH OUT AND READ
89 SOUTH STREET SUITE 201
BOSTON,MA02111 		NONE PC SCALING EARLY CHILDHOOD LITERACY PROGRAMS 6,000,000

ROCKEFELLER PHILANTHROPY ADVISORS
6 WEST 48TH STREET 10TH FLOOR
NEW YORK,NY10036 		NONE PC PLATFORM FOR AGRICULTURE AND CLIMATE TRANSFORMATION 9,000,000

SILICON SCHOOLS FUND
827 BROADWAY SUITE 300
OAKLAND,CA94607 		NONE PC SCALING HIGH QUALITY PUBLIC SCHOOLS 500,000

THE UNIVERSITY OF CHICAGO
5801 SOUTH ELLIS AVENUE
CHICAGO,IL60637 		NONE PC DATA SCIENCE EDUCATION RESEARCH INITIATIVE 3,605,000

THINK OF US
700 PENNSYLVANIA AVE SE SUITE 200
WASHINGTON,DC20003 		NONE PC GENERAL SUPPORT - FOSTER YOUTH INITIATIVES 3,500,000

UC BERKELEY FOUNDATION
1995 UNIVERSITY AVE SUITE 401
BERKELEY,CA94704 		NONE PC INNOVATIVE GENOMICS INSTITUTE 13,000,000

UCSF FOUNDATION
600 W 16TH STREET GENENTECH HALL
S374
SAN FRANCISCO,CA94117 		NONE PC MEDICAL RESEARCH FELLOWS PROGRAM 1,680,000

UNIVERSITY OF CALIFORNIA LOS ANGELES
10889 WILSHIRE BLVD SUITE 700
LOS ANGELES,CA90095 		NONE PC INTRODUCTION TO DATA SCIENCE, A DATA SCIENCE EDUCATION INITIATIVE 2,250,000

VANDERBILT UNIVERSITY
230 APPLETON PL 5721
NASHVILLE,TN37203 		NONE PC PRENATAL-TO-3 POLICY IMPACT CENTER, AN EARLY CHILDHOOD RESEARCH AND POLICY INITIATIVE 1,000,000

WOODSIDE COMMUNITY FOUNDATION
PO BOX 620494
WOODSIDE,CA94062 		NONE PC GENERAL SUPPORT - COMMUNITY PROGRAMS 6,000
Total ................................. right arrow 3b 62,561,000
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 ........... 		         
4 Dividends and interest from securities ....     14 15,226,323  
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 ............ 		    18 908,579  
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) .. 0 16,134,902 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
16,134,902
(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

TY 2023 AccountingFeesSchedule
Name:
VALHALLA FOUNDATION
EIN:
20-0478828
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 60,433 15,108   0

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

TY 2023 ExpenditureResponsibilityStmt
Name:
VALHALLA FOUNDATION
EIN:
20-0478828
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
TED FOUNDATION
  		330 HUDSON STREET 11TH FLOOR
NEW YORK,NY10013 		2023-06-16 3,000,000 SCALING COLLABORATIVE PHILANTHROPY INITIATIVES 3,000,000   3/15/2023 2023-03-15 ALL GRANT FUNDS HAVE BEEN EXPENDED. WE RECEIVED THE ANNUAL AND FINAL REPORT FROM THE GRANTEE ON MARCH 31, 2024. THE FOUNDATION CONDUCTED A REVIEW OF THE GRANTEE'S PROGRESS, EXPENDITURES, AND REPORTS, AND FOUND THEM TO BE IN COMPLIANCE WITH THE TERMS OF THE GRANT AGREEMENT. THE FINAL GRANT REPORT WAS MADE AVAILABLE IN 2024.THIS IS YEAR THREE OF A THREE-YEAR GRANT. AS OF 12/31/2023, $3 MILLION HAS BEEN DISBURSED.
EARLY LEARNING SOLUTIONS
  		22 PEARCE MITCHELL PLACE
STANFORD,CA94305 		2023-01-12 250,000 TO SCALE THE MATH SHELF EARLY CHILDHOOD LEARNING PROGRAM FOR LOW INCOME COMMUNITIES. 250,000   4/4/2023, 7/3/2023, 12/20/2023 2023-12-20 ALL GRANT FUNDS HAVE BEEN EXPENDED AND WE HAVE RECEIVED THE FINAL REPORT FROM THE GRANTEE. THE FOUNDATION FOUND THEM TO BE IN COMPLIANCE WITH THE TERMS OF THE GRANT AGREEMENT.
EARLY LEARNING SOLUTIONS
  		22 PEARCE MITCHELL PLACE
STANFORD,CA94305 		2020-09-29 500,000 PRI LOAN (NOT GRANT) PROVIDED TO SCALE THE MATH SHELF EARLY CHILDHOOD LEARNING PROGRAM FOR LOW INCOME COMMUNITIES. REFER TO STATEMENT 14.THIS LOAN TERM ENDS IN 2028 AND ANNUALLY ROLLS UNPAID INTEREST INTO THE LOAN'S PRINCIPAL BALANCE. AS OF 12/31/2023, THE PRINCIPAL BALANCE WAS $247,763.ON 11/3/23, EARLY LEARNING SOLUTIONS REPAID $304,140.60 OF THE PRI LOAN, INCLUDING $295,657.28 OF PRINCIPAL AND $8,483.32 OF ACCRUED INTEREST. 500,000   4/4/2023 2023-04-04 THE FOUNDATION CONDUCTED A REVIEW OF THE BORROWER'S EXPENDITURES AND FINAL REPORT AND FOUND THEM TO BE IN COMPLIANCE WITH THE TERMS OF THE PRI LOAN AGREEMENT. THE BORROWER WILL CONTINUE TO SEND ANNUAL REPORTS UNTIL THE LOAN IS FULLY REPAID.

TY 2023 InvestmentsCorpBondsSchedule
Name:
VALHALLA FOUNDATION
EIN:
20-0478828
Name of Bond End of Year Book Value End of Year Fair Market Value
PIMCO HIGH YIELD FUND-INST 10,933,333 10,933,333
PIMCO LOW DURATION FD-INST 5,880,867 5,880,867
VANGUARD TOTAL BOND MARKET INDEX FUND-ADM 39,458,141 39,458,141
VANGUARD TOTAL INTL BND-ADM 128,439,887 128,439,887

TY 2023 InvestmentsCorpStockSchedule
Name:
VALHALLA FOUNDATION
EIN:
20-0478828
Name of Stock End of Year Book Value End of Year Fair Market Value
FIDELITY 500 INDEX-INST PRM 197,006,144 197,006,144
ISHARES CORE MSCI EAFE ETF 26,604,611 26,604,611
ISHARES CORE MSCI EMERGING 17,815,541 17,815,541
JPM BTABLDRS DEV ASIA X-JPN 7,808,173 7,808,173
JPMORGAN BETABUILDERS CANADA 10,729,584 10,729,584
JPMORGAN BETABUILDERS EUROPE ETF 37,385,844 37,385,844
JPMORGAN BETABUILDERS JAPAN ETF 13,039,403 13,039,403
VANGUARD FTSE EMERGING MARKE 19,011,175 19,011,175
VANGUARD MID-CAP ETF 25,614,595 25,614,595

TY 2023 InvestmentsOtherSchedule2
Name:
VALHALLA FOUNDATION
EIN:
20-0478828
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AT ONE VENTURES II FMV 586,447 586,447
AT ONE VENTURES, LP FMV 3,104,146 3,104,146
DERIVITA FMV 999,999 999,999
JPMORGAN PEG GLOBAL PRIVATE EQUITY X S.A. SICAV-RAIF FMV 9,460,189 9,460,189
MAGNIFY VENTURES FUND I, LP FMV 875,835 875,835
OCTAVE BIOSCIENCE INC FMV 2,583,465 2,583,465
OWL OPPORTUNITY FUND II, LP FMV 1,257,359 1,257,359
OWL VENTURES II, LP FMV 3,668,777 3,668,777
OWL VENTURES III, LP FMV 2,651,830 2,651,830
OWL VENTURES IV LP FMV 3,246,197 3,246,197
OWL VENTURES OPPORTUNITY FUND I LP FMV 1,900,415 1,900,415
OWL VENTURES V, LP FMV 854,100 854,100
PARENTPOWERED FMV 2,516,712 2,516,712
PARENTSQUARE FMV 2,937,921 2,937,921
REACH II, LP FMV 3,102,020 3,102,020
REACH III, LP FMV 1,230,425 1,230,425
REACH IV FMV 509,516 509,516
REACH OPPORTUNITY I, LP FMV 1,651,066 1,651,066
REACH, LP FMV 4,225,368 4,225,368
RETHINK EDUCATION II, LP FMV 3,162,641 3,162,641
THINKCERCA FMV 954,924 954,924

TY 2023 LegalFeesSchedule
Name:
VALHALLA FOUNDATION
EIN:
20-0478828
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 10,855 4,365   6,760


TY 2023 OtherExpensesSchedule
Name:
VALHALLA FOUNDATION
EIN:
20-0478828
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SOFTWARE AND SUBSCRIPTIONS 28,797 0   20,397
MEMBERSHIP DUES 21,947 0   20,664
OTHER PORTFOLIO DEDUCTIONS - K-1S 0 84,229   0
BANK FEES 400 0   0


TY 2023 OtherIncreasesSchedule
Name:
VALHALLA FOUNDATION
EIN:
20-0478828
Description Amount
NET UNREALIZED GAIN 64,993,992
RETURNED GRANT 45,054


TY 2023 OtherLiabilitiesSchedule
Name:
VALHALLA FOUNDATION
EIN:
20-0478828
Description Beginning of Year - Book Value End of Year - Book Value
PROVISION FOR TAXES 17,695 1,169,376


TY 2023 OtherProfessionalFeesSchedule
Name:
VALHALLA FOUNDATION
EIN:
20-0478828
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 1,812,000 0   1,771,000
PORTFOLIO SUPPORT SERVICES 38,188 0   38,188
INVESTMENT MANAGEMENT FEES 1,805,084 1,079,160   0
DEI CONSULTING 10,838 0   10,838
FINANCE AND OPERATIONS CONSULTING 9,500 0   6,500
K-1 - PORTFOLIO EXPENSES 0 725,925   0


TY 2023 TaxesSchedule
Name:
VALHALLA FOUNDATION
EIN:
20-0478828
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAXES 1,321,681 0   0
FOREIGN TAXES 0 452,099   0