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
Klaff Family Foundation
c/o Rita Sawyer
% RITA SAWYER
Number and street (or P.O. box number if mail is not delivered to street address)35 E Wacker Dr Suite 2900
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chicago, IL60601
A Employer identification number

61-1480716
B Telephone number (see instructions)

(312) 360-1234
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$326,621,099J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,798,179 1,798,179  
4 Dividends and interest from securities... 58,211,290 58,211,290  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,584,494
b Gross sales price for all assets on line 6a 6,883,037
7 Capital gain net income (from Part IV, line 2)... 1,584,494
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,303,265 1,039,329  
12 Total. Add lines 1 through 11........ 62,897,228 62,633,292  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 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
13,499 13,499 0 0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... 1,328,974 1,278,974   50,000
17 Interest............... 458,056 458,056    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,080,401 2,780    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
734,913 733,592    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,615,843 2,486,901 0 50,000
25 Contributions, gifts, grants paid....... 8,479,057 8,479,057
26 Total expenses and disbursements. Add lines 24 and 25 12,094,900 2,486,901 0 8,529,057
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 50,802,328
b Net investment income (if negative, enter -0-) 60,146,391
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............. 1,761 339,799 339,799
2 Savings and temporary cash investments......... 2,076,881 3,562,840 3,562,840
3 Accounts receivable right arrow284,604
Less: allowance for doubtful accounts right arrow   161,467 284,604 369,630
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 8,301,826 Click to see attachment
List of Attached Documents:
// Content
52,988,525 		243,852,716
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).......... 161,431,724 Click to see attachment
List of Attached Documents:
// Content
165,321,333 		78,465,556
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
30,558 		Click to see attachment
List of Attached Documents:
// Content
30,558
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 171,973,659 222,527,659 326,621,099
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) Click to see attachment
List of Attached Documents:
// Content
248,410 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 248,410 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........... 171,725,249 227,527,659
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)..... 171,725,249 227,527,659
30 Total liabilities and net assets/fund balances (see instructions). 171,973,659 227,527,659
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
171,725,249
2
Enter amount from Part I, line 27a .....................
2
50,802,328
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
82
4
Add lines 1, 2, and 3 ..........................
4
222,527,659
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
222,527,659
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 SHORT-TERM FROM PASS-THROUGHS      
b LONG-TERM FROM PASS-THROUGHS      
c CHARLES SCHWAB #1099 - ST NONCOVERED      
d CHARLES SCHWAB #1099 - LT NONCOVERED      
e FIDELITY INVESTMENTS #1098 - ST COVERED      
FIDELITY INVESTMENTS #0807 - ST COVERED      
MERRILL #2869 - ST NONCOVERED      
US BANK - LT NONCOVERED      
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     231,000 -231,000
b 989,853     989,853
c     23,259 -23,259
d 9,592     9,592
e 6,436,063   5,678,061 758,002
334,763   359,223 -31,731
13,042     13,042
99,169     99,169
      826
      826
      826
      826
      826
      826
      826
      826
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       -231,000
b       989,853
c       -23,259
d       9,592
e       758,002
      -24,460
      13,042
      99,169
       
       
       
       
       
       
       
       
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 1,584,494
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) 1 836,035
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........................... 3 836,035
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- ..... 5 836,035
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,041,519
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 100,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,141,519
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
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 10 305,484
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow305,484 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? Click to see list of attachments
List of Attached Documents:
// Content
....................
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 changesClick to see list of attachments
List of Attached Documents:
// Content
....
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.Click to see list of attachments
List of Attached Documents:
// Content
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 arrowIL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowRITA SAWYER Telephone no.right arrow (312) 360-3144

Located atright arrow35 EAST WACKER DRIVE SUITE 2900ChicagoIL ZIP+4right arrow60601
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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowCJ, VI
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)
 
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Hersch M Klaff Director
1.0 		0 0 0
35 E Wacker Dr Suite 2900
Chicago,IL60601
Avril M Klaff Director
1.0 		0 0 0
35 E Wacker Dr Suite 2900
Chicago,IL60601
Daniel Klaff Director
1.0 		0 0 0
35 E Wacker Dr Suite 2900
Chicago,IL60601
Marissa Klaff Director
1.0 		0 0 0
35 E Wacker Dr Suite 2900
Chicago,IL60601
Zara Klaff Director
1.0 		0 0 0
35 E Wacker Dr Suite 2900
Chicago,IL60601
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
 
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
 
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
197,107,336
b
Average of monthly cash balances.......................
1b
17,366,789
c
Fair market value of all other assets (see instructions)................
1c
108,916,080
d
Total (add lines 1a, b, and c).........................
1d
323,390,205
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
323,390,205
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
4,850,853
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
318,539,352
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
15,926,968
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
15,926,968
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
836,035
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
836,035
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
15,090,933
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
15,090,933
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
15,090,933
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
8,529,057
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
8,529,057
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 15,090,933
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 8,361,730
b Total for prior years:2021, 2020, 2019  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 8,529,057
a Applied to 2022, but not more than line 2a 8,361,730
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..... 167,327
e Remaining amount distributed out of corpus 0
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 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 .......... 		14,923,606
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).)
HERSCH M KLAFF
AVRIL R KLAFF
DANIEL KLAFF
MARISSA KLAFF
ZARA KLAFF
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

CENTROPACENTRAL EUROPE CENTER FOR RESEARCH & DOC

1141 Loxford Terrace
Silver Spring,MD20901 		None PC General 10,000

Jewish United Fund

30 S Wells Street
Chicago,IL60606 		None PC General 154,000

Chabad of Glencoe

976 Oak Drive
Glencoe,IL60022 		None PC General 36,000

WEST POINT JEWISH CHAPEL FUND HON COL MICKEY MARCU

1010 Northview Blvd Suite 400
Great Neck,NY11021 		None PC General 100,000

Israel Guide Dog Center

968 Easton Road-Suite H
Warrington,PA18976 		None PC General 118,000

Crohn's & Colitis Foundation

733 Third Avenue Ste 510
New York,NY10017 		None PC General 5,000

Thresholds

4101 N Ravenswood Ave
Chicago,IL60613 		None PC General 130,000

The Fresh Air Fund

633 Third Avenue 14th Floor
New York,NY10017 		None PC General 120,000

ERIKA'S LIGHTHOUSE

897 1/2 Green Bay Rd
Winnetka,IL60093 		None PC General 10,000

Johannesburg Jewish Helping Hand - US

1 North Jefferson
St Louis,MO63103 		None PC General 275,000

LUBAVITCH CHABAD OF NORTHBROOK

2095 Landwehr Rd
Northbrook,IL60062 		None PC General 25,000

Jewish Telegraphic Agency

520 Eighth Avenue 4th Floor
New York,NY10018 		None PC General 20,000

Hillel International

800 Eighth Street NW
Washington DC,DC20001 		None PC General 528,000

Jewish Women's Foundation

30 S Wells St
Chicago,IL60606 		None PC General 2,000

DANIEL MURPHY SCHOLARSHIP FUND

309 W Washington St STE 700
Chicago,IL60606 		None PC General 30,000

The Chicago High School for the Arts (CHI Arts)

2714 W Augusta Blvd
Chicago,IL60622 		None PC General 25,000

American Jewish Committee

165 E 56th Street
New York,NY10022 		None PC General 100,000

Friends of the United Hatzalah

442 5th Ave Suite 1866
New York,NY10018 		None PC General 50,000

Kindness Initiative

9404 Genesee Ave Suite 200
La Jolla,CA92037 		None PC General 5,000

Hebrew Free Loan of San Diego

9404 Genesee Ave Suite 200
La Jolla,CA92037 		None PC General 0

Hinda Institute

9401 Margail Ave
Des Plaines,IL60016 		None PC General 43,000

Rickhodesorg (American Jewish Joint Distribution

220 East 42nd St Suite 400
New York,NY10017 		None PC General 10,000

The Chicago Help Initiative

440 N Wells Street
Chicago,IL60654 		None PC General 10,000

Friends of Yad Sarah

445 Park Avenue Suite 1702
New York,NY10022 		None PC General 28,000

Evans Scholars Foundation

2501 Patriot Blvd
Glenview,IL600268022 		None PC General 25,000

North Eastern Hebrew CongregationPine Street Shul

PO Box 46080 Orange Grove
Johannesburg   2119
SF 		None PC General 5,000

Community Security Organisation - Johannesburg

2 Elray Street Raedene Estate
Johannesburg   2192
SF 		None PC General 5,000

Hephzibah Children's Association

1144 Lake Street 5th Floor
Oak Park,IL60301 		None PC General 5,000

Highland Park Community Foundation

PO Box 398
Highland Park,IL60035 		None PC General 20,000

NAMI Chicago

1801 W Warner Ave
Chicago,IL60613 		None PC General 5,000

The Rory David Deutsch Foundation

1151 Hilary Lane
Highland Park,IL60035 		None PC General 10,000

Israel Cancer Research Fund

52 Vanderbilt Avenue Suite 1510
New York,NY10017 		None PC General 25,000

The First Tee of Greater Chicago

3701 N Recreation Drive Suite 2
Chicago,IL60613 		None PC General 15,000

The Ark

3100 Dundee Rd Suite 802
Northbrook,IL60062 		None PC General 23,000

Ravinia Festival

418 Sheridan Rd
Highland Park,IL60035 		None PC General 10,000

PEF Israel Endowment Funds Inc

630 3rd Ave 15th Floor
New York,NY10017 		None PC General 50,000

Chicago Botanic Gardens

1000 Lake Cook Road
Glencoe,IL60022 		None PC General 5,000

Jewish Community Foundation San Diego

4950 Murphy Canyon Rd
San Diego,CA92123 		None PC General 1,750,000

ReachingU a Foundation for Uruguay

PO Box 490522
Key Biscayne,FL33149 		None PC General 10,000

Challenged Athletes Foundation

9591 Waples St
San Diego,CA92121 		None PC General 100,000

Hadley School for the Blind

700 Elm Street
Winnetka,IL60093 		None PC General 10,000

Camp For All Kids

PO Box 50194
St Louis,MO63105 		None PC General 15,000

Congregation Ocean Reef Inc

31 Ocean Reef Drive Suite C101 1 10
Key Largo,FL33037 		None PC General 79,000

World Jewish Relief Inc

1350 Avenue of the Americas
New York,NY10019 		None PC General 100,000

Planet Word

925 13th St NW
Washington,DC20005 		None PC General 1,000

Start Early

33 W Monroe Street Suite 1200
Chicago,IL60603 		None PC General 5,000

Friends of United Hatzalah (Eli Beer)

208 East 51st Street Suite 303
New York,NY10022 		None PC General 180,000

JCC Chicago

300 Revere Dr
Northbrook,IL60062 		None PC General 50,000

Elluminate Women

909 3rd Avenue Suite 727
New York,NY10022 		None PC General 500

American Friends of Beit Ruth

150 Greenwich St 29th Floor
New York,NY10007 		None PC General 5,000

Wild Tomorrow Fund

413 W 48th St 33F
New York,NY10036 		None PC General 100,000

Solomon Schecter Day School of Metropolitan Chicag

3210 Dundee Rd
Northbrook,IL60062 		None PC General 5,000

Na'amat USA

10024 Skokie Rd 216
Skokie,IL60077 		None   General 5,000

American Friends of Magen David Adom

20 W 36th Street Suite 1100
New York,NY10018 		None PC General 30,000

Bideawee

410 East 38th Street
New York,NY10016 		None PC General 15,000

Trident Swim Foundation

150 West 55th Street Suite 8A
New York,NY10019 		None PC General 15,000

Environmental Law and Policy Center

35 E Wacker Drive Suite 1600
Chicago,IL60601 		None PC General 10,000

Life Moves

181 Constitution Drive
Menlo Park,CA94025 		None PC General 2,500

Operation Walk USA

9400 W Higgins Road
Rosemont,IL60018 		None PC General 5,000

JBI International (Jewish Braille Institute)

110 East 30th Street
New York,NY10543 		None PC General 5,000

The Good People Fund Inc (Ruca's Farm)

384 Wyoming Avenue
Milburn,NJ070412127 		None PC General 7,500

Jewish Humanitarian Response

2307 South Rural Road
Tempe,AZ85282 		None PC General 54,000

The Growing Season

1633 Orrington Ave 13th Floor
Evanston,IL60201 		None PC General 25,000

Northwestern University

1201 Davis Street
Evanston,IL60208 		None PC General 10,000

Israel Tennis and Education Centers

165 E 56th St 2nd Floor
New York,NY10022 		None PC General 10,000

Neighbors Together

2094 Fulton Street
Brooklyn,NY11233 		None PC General 250

The Jewish Museum

1109 Fifth Ave
New York,NY10128 		None PC General 10,280

American Friends of KZN Jewish Charities Inc

570 Telford Place
Sandy Springs,GA30342 		None PC General 10,000

American Friends of the Tel Aviv University

8 West 40th Street 8th Floor
New York,NY10018 		None PC General 100,000

Mitzvah for Ukraine Inc

7308 18th Avenue
Brooklyn,NY11204 		None PC General 5,000

Sydenham Shul Foundation

Sandton Johannesburg Sea Point
Cape Town    
SF 		None PC General 5,027

Bnei Akiva South Africa

C/O Yeshiva College Long Avenue
Glenhazel,JHB  
SF 		None PC General 10,000

The Children's Hospital Trust

Postnet X18 Suite 259
Rondebosch,Cape Town  
SF 		None PC General 5,000

Friends of Glencoe Golf Club

621 Westly Road
Glencoe,IL60022 		None PC General 50,000

Johannesburg Holocaust & Genocide Center

1 Duncombe Road
Forest Town,Johannesburg2193
SF 		None PC General 10,000

American Endowment Foundation FBO KFF Donor Advise

5700 Darrow Rd Suite 118
Hudson,OH44236 		None PC General 2,000,000

Jewish Agency for Israel - North American Council

633 Third Avenue 21st Floor
New York,NY10017 		None PC General 100,000

Rashi Foundation (Via PEF Israel Endowment Funds)

Rashi Kfar
Hanoar BenSheman Youth Village   73112-00
IS 		None PC General 250,000

Jewish National Fund - USA

42 E 69th Street
New York,NY10021 		None PC General 167,000

The Fallen Heroes Fund (Ner L'Horeinu Inc)

9215 East Fairway Blvd
Sun Lakes,AZ85248 		None PC General 1,000,000

PAWS

PO Box 3771
Seattle,WA98124 		None PC General 10,000

Dementia Society of America

PO Box 600
Doylestown,PA18901 		None PC General 5,000

WTTW

5400 North Saint Louis Ave
Chicago,IL60625 		None PC General 100,000
Total .................................right arrow 3a 8,479,057
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 1,798,179  
4 Dividends and interest from securities ....     14 57,972,092  
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 ..... 523000   14 637,816  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,452,112  
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) ..   61,860,199  
13Total. Add line 12, columns (b), (d), and (e)..................
13
61,860,199
(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


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TY 2023 DepreciationSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
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

TY 2023 InvestmentsCorpStockSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Name of Stock End of Year Book Value End of Year Fair Market Value
GOLUB CAPITAL PARTNERS INT 11 176,761 268,663
GOLUB CAPITAL PARTNERS INT 9 0 0
LAKE SHORE III CORPORATION 16,129 34,361
HPS MEZZ INVESTORS III 326,016 688,636
GOLUB CAPITAL PARTNERS INT II 591,101 677,078
GOLUB CAPITAL PARTNERS INT 12 554,576 696,625
FIDELITY INVESTMENTS 8,115,846 7,823,803
RIVERS INVESTMENTS 5,220,732 6,652,664
ATLAS SPACE OPERATIONS INC 281,788 452,225
AFRESH TECHNOLOGIES, INC. 137,496 137,496
MXP PRIME PLATFORM FKA ELEVATE 281,775 1
ENERGY VAULT HOLDINGS, INC 200,000 46,600
GO(FKA FRANK INNOVATIONS,INC.) 250,000 100,000
GROVARA INC 250,000 250,000
SMART APPLY, INC. 0 0
TZERO GROUP, INC. 500,000 500,000
MORGAN STANLEY (ACI SHARES) 9,153,454 196,487,183
MERRILL LYNCH INVESTMENTS 2,317,672 2,398,503
RVP INVESTMENTS (FIDELITY) 4,062,779 4,193,806
M SQUARE FUND LTD 20,000,000 21,861,819
V3 REALTY PARTNERS OFFSHORE LT 500,000 530,853
GIRAFFE BIOENERGY LTD (CONV N) 52,400 52,400

TY 2023 InvestmentsOtherSchedule2
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
2050 GF INNOVA HOLDINGS, LLC FMV 253,465 250,000
CERBERUS SUPPLY CHAIN FUND, LP FMV 17,497 44,559
PATENT CAPITAL LLC FMV 30,245 28,928
PET CARE INNOVATIONS LLC FMV 200,000 212,000
PETRUS LAND INVESTORS I, LP FMV 20,320 5,433
PETRUS LAND INVESTORS II, LP FMV 91,437 115,500
ROUNDTABLE HEALTHCARE III FMV 913,865 860,004
DEERPATH CAP ADVANTAGE IV FMV 1,018,006 1,000,920
VALOR EQUITY PARTNERS II LP FMV 2,431,144 0
COMMUNITY FINANCIAL FMV 623,959 595,651
INTEGRATED FUNDING LLC FMV 437,240 437,240
CRESCENT COVE CAPITAL II LP FMV 143,517 272,924
UPPER90 OCTANE LLC FMV 3,463 48,233
SILVER POINT SPECIALTY CREDIT FMV 4,227,000 4,090,737
HYDE PARK VENTURE PARTNERS FUN FMV 507,677 736,363
CRESENT COVE CAPITAL FUND B FMV 3,132,101 3,476,923
RE-SOURCING SPV FMV 137,968 209,259
CRH WHISHA, LLC FMV 500,000 500,000
AXIOM EM WORLD EQUITY FUND FMV 0 0
FH GP FUND I (FKA MBM) FMV 365,713 421,625
JACKSON LENDER LLC FMV 0 0
BLF LOAN FUND IV LLC FMV 0 0
CIBC INVESTMENTS (SCHWAB) FMV 1,064,985 1,469,533
FM CIVAN INVESTMENT II LP FMV 248,740 251,788
FORTRESS CREDIT OPPORTUNTIES F FMV 1,395,045 1,417,828
UPPER90 FUND II LP FMV 1,245,253 1,321,454
ABS KLAFF EQUITY LLC FMV 4,735,606 1
ABS OPPORTUNITIES LLC FMV 31,546,133 6,079,837
A-S KLAFF OPPORTUNITIES LLC FMV 32,196,154 6,428,645
BRYANSTON OPPORTUNITES LLC FMV 9,138,196 1,675,955
K-SATURN OPPORTUNITIES LLC FMV 31,473,429 6,644,079
AXIOM INTERNATIONAL SMALL CAP FMV 0 0
OAKTREE OPPORTUNITIES FUND XI FMV 3,085,884 5,035,260
SILVER POINT CAPITAL OFFSHORE FMV 3,000,000 4,663,419
BOREALIS STRATEGIC CAP PARTNER FMV 727,772 819,311
HPS CORE SR LENDING OFFSHORE F FMV 1,063,013 1,036,589
HERON ROCK ACCESS J3 LP FMV 200,000 377,600
INTRINSIC EDGE CAPTURE OFFSHOR FMV 3,053,609 3,987,747
HOMETEAM VENTURES FUND I, LP FMV 91,591 91,994
GOLUB GEMS FUND 5 INTERNATIONA FMV 3,480,170 3,937,721
SYNTERRA SPECIAL OPPORTUNITIES FMV 531,464 531,464
Y-BRUSH (AKA FASTEESH) FMV 261,612 207,221
UNIVERSAL PARTNERS LTD FMV 223,927 245,344
PANDA TECHNOLOGY HOLDINGS LTD FMV 243,610 316,612
UPL (GLENROCK LUX) LP - GRPE1 FMV 1,348,265 1,024,458
PARAFI DIGITAL OPPORTUNITIES I FMV 1,000,000 549,038
STORELIFT FMV 218,415 147,090
SB INVESTMENT GROUP LLC FMV 251,067 37,811
UPL (GLENROCK LUX) LP - GRPE2 FMV 1,296,624 1,020,211
GIRAFFE BIOENERGY LTD FMV 50,000 50,000
PAXIS KEY FOCUS FUND LLC FMV 529,429 581,930
JSA NEWCO LTD (CO-INVESTMENT) FMV 1,349,511 1,439,984
K-SATURN LLC FMV 63,297 1
A-S KLAFF EQUITY LLC FMV 152,861 1
SPIRAL SUN FUND II LP FMV 105,635 152,057
SLOPE FUND I, LP FMV 138,449 142,533
LATITUDE X, LP - MONZO I FMV 298,869 338,620
BUNDLAR, LLC FMV 100,000 25,000
UV ANGEL (UV PARTNERS INC.) FMV 250,000 250,000
LEAP SERVICES INC. FMV 99,978 48,539
DISTELL(GLENROCK LUX - GRPE 3) FMV 92,355 250,000
BREEDR LTD (CONV NOTE) FMV 119,806 176,511
NLCP HOLDINGS LP FMV 16,260 1,885
BREEDR LTD (LOAN) FMV 270,779 270,779
SENTINEL I JUNIOR CAPITAL II FMV 426,234 495,378
MARBLE I SAS FMV 109,199 119,923
RAIL-SPLITTER MICRO-CAP REBOUN FMV 947,982 1,023,813
FS TACTICAL OPPORTUNITIES A FMV 613,652 713,914
VALOR EQUITY PARTNERS VI-B FMV 588,485 683,056
ELSTON CREDIT FUND LLC FMV 2,500,438 2,500,000
OAKTREE FUND XI AIV CAYMAN FMV 1,824,880 0
OAKTREE FUND XI AIV DELAWARE FMV 8,495 0
INTRINSIC EDGE PLUS OFFSHORE FMV 2,500,000 2,569,016
ARENA SPECIAL OPPS CAYMAN FMV 2,057,541 2,057,541
TCI REAL ESTATE PARTNERS IV FMV 932,017 921,402
JAPANESE YEN AT COST 1,000,000 1,029,364

TY 2023 LegalFeesSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 13,499 13,499    


TY 2023 OtherAssetsSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DISTRIBUTION RECEIVABLE 0 30,558 30,558


TY 2023 OtherExpensesSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LICENSES 10 10    
POSTAGE 1 1    
MISCELLANEOUS 129,126 127,805    
FOREIGN TAX PAID 11,057 11,057    
OTHER PORTFOLIO DEDUCTIONS 159,125 159,125    
OTHER PORTFOLIO DEDUCTIONS 2% 434,223 434,223    
BANK FEES 1,371 1,371    


TY 2023 OtherIncomeSchedule2
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Ordinary Business Income 895,618 895,618  
Royalties 11,349 11,349  
Section 1231 Gain/Loss 152,672 152,672  
Other Income 240,051 240,051  
Section 1256 Gain/Loss -46,686 -46,686  
Rental Real Estate Income/Loss 37,970 37,970  
Section 988 Gain/Loss 12,240 12,240  
Section 1296 Gain/Loss 51 51  
UBTI taxed on 990-T 0 -263,936  


TY 2023 OtherIncreasesSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Description Amount
TAX EXEMPT INTEREST INCOME 82


TY 2023 OtherLiabilitiesSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Description Beginning of Year - Book Value End of Year - Book Value
CONTRIBUTIONS PAYABLE 248,410 0


TY 2023 TaxesSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL INCOME TAX 1,077,621 0    
STATE INCOME TAX 2,780 2,780