Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
The Asha and Sajjan Agarwal Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 33787
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Raleigh, NC27636
A Employer identification number

42-1747195
B Telephone number (see instructions)

(919) 861-2919
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$86,550,901J 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) 13,174,300
2 Check right arrow.............
3 Interest on savings and temporary cash investments 7,066 7,066  
4 Dividends and interest from securities... 1,166,092 1,166,092  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
860,625
b Gross sales price for all assets on line 6a 17,405,425
7 Capital gain net income (from Part IV, line 2)... 842,295
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
-60,820 7,848  
12 Total. Add lines 1 through 11........ 15,147,263 2,023,301  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 76,544 0   76,544
15 Pension plans, employee benefits....... 8,152 0   8,152
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
12,290 5,145   6,145
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
5,472 4,754   718
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
42,834 17,834   0
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
707,528 656,995   10,690
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 852,820 684,728   102,249
25 Contributions, gifts, grants paid....... 3,364,000 3,364,000
26 Total expenses and disbursements. Add lines 24 and 25 4,216,820 684,728   3,466,249
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 10,930,443
b Net investment income (if negative, enter -0-) 1,338,573
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............. 25,365 2,672 2,672
2 Savings and temporary cash investments......... 8,420,280 12,022,728 12,022,728
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right 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)....... 31,001,939 Click to see attachment
List of Attached Documents:
// Content
37,438,186 		37,438,186
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
43,680 		43,680
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).......... 30,553,263 Click to see attachment
List of Attached Documents:
// Content
37,043,635 		37,043,635
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) 70,000,847 86,550,901 86,550,901
Liabilities 17 Accounts payable and accrued expenses.......... 2,296 2,296
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 2,296 2,296
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 69,998,551 86,548,605
29 Total net assets or fund balances (see instructions)..... 69,998,551 86,548,605
30 Total liabilities and net assets/fund balances (see instructions). 70,000,847 86,550,901
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
69,998,551
2
Enter amount from Part I, line 27a .....................
2
10,930,443
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
5,619,611
4
Add lines 1, 2, and 3 ..........................
4
86,548,605
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
86,548,605
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly traded securities      
b Capital gain distributions P    
c Passthrough K-1 capital gain P    
d
e
(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 17,405,425   17,404,955 470
b       212,647
c       629,178
d
e
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       470
b       212,647
c       629,178
d
e
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 2 842,295
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 18,606
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 18,606
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 18,606
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 85,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 85,000
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 66,394
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow30,000 Refundedright arrow 11 36,394
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 arrowNC
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
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 arrowLinwood A Jackson Telephone no.right arrow (919) 861-2919

Located atright arrowPO Box 33787RaleighNC ZIP+4right arrow27636
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
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)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Asha Rani Agarwal President/Director
3.00 		0 0 0
PO Box 33787
Raleigh,NC27636
Ankit Agarwal VP/Director
0.50 		0 0 0
PO Box 33787
Raleigh,NC27636
Rohit Agarwal VP/Director
0.50 		0 0 0
PO Box 33787
Raleigh,NC27636
Richa Deedwania VP/Director
0.50 		0 0 0
PO Box 33787
Raleigh,NC27636
Linwood A Jackson Secretary/Treasurer/Director
1.00 		0 0 0
PO Box 33787
Raleigh,NC27636
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
Delon Fletcher Scholars Program Adm
40.00 		76,544 2,296 0
PO Box 33787
Raleigh,NC27636
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 During 2021, the Foundation started a new Direct Charitable Activity referred to as the Agarwal Scholars Program (the "Program"). The Program provides support to "At Risk Students" (grades 6-12), to ensure all students are provided the opportunity to a quality education, preparing them for post-secondary education and careers. For each student in the Program, an Educational Professional will assess the student's needs, direct resources, and become the advocate of the student with recurring interaction, support and mentoring throughout the entire grant period. The Foundation hired an Educational Professional with specific expertise in serving the target group, developed a student care model, established monitoring controls, developed an independent selection process, and obtained preapproval from the IRS. During 2023, the Foundation served 28 students. 96,104
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
45,543,445
b
Average of monthly cash balances.......................
1b
137,374
c
Fair market value of all other assets (see instructions)................
1c
35,781,635
d
Total (add lines 1a, b, and c).........................
1d
81,462,454
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
81,462,454
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,221,937
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
80,240,517
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,012,026
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
4,012,026
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
18,606
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
18,606
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,993,420
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,993,420
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
3,993,420
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
3,466,249
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
3,466,249
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 3,993,420
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 3,271,578
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,466,249
a Applied to 2022, but not more than line 2a 3,271,578
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..... 194,671
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 .......... 		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 .......... 		3,798,749
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) ... 		0
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....  
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).)
Asha Rani Agarwal
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

Art of Living Foundation

PO Box 2010
Cupertino,CA95015 		N/A PC Educational, charitable and humanitarian projects 50,000

Duke University Health System Inc

300 W Morgan St Ste 1100
Durham,NC27701 		N/A PC Patient care, education, and research 14,000

Global Hindu Federation

20-22 Wenlock Road
London   N1 7GU
UK 		N/A NC Project to research anti-Indic sentiment 125,000

Global Network Foundation

715 Peachtree Street NE Suite 200
Atlanta,GA30308 		N/A PC Education SEALA Scholarship Fund 25,000

Hindu American Foundation

910 17th Street NW Suite 316A
Washington,DC20006 		N/A PC General support 100,000

Hindu Society of NC

309 Aviation Parkway
Morrisville,NC27560 		N/A PC Meet religious, cultural, linguistic and spiritual needs, promote India's rich heritage 100,000

HinduAction

6070 Eaglet Dr
West Chester,OH45069 		N/A PC Education, Advocacy and Leadership 50,000

Raleigh Rescue Mission

PO Box 58634
Raleigh,NC27658 		N/A PC Serving the homeless in the Raleigh community 100,000

Rishihood Foundation

D-11 Second Floor Prashant Vihar
Rohini
Delhi North West   110085
IN 		N/A NC Development & up-fitting of a Student Resident Facility supporting Rishihood University 625,000

Schwab Charitable Fund

211 Main St
San Francisco,CA94105 		N/A PC General support 2,000,000

UNC Gillings School of Global Public Health

135 Dauer Dr
Chapel Hill,NC27599 		N/A PC General support 25,000

Vaishnbav Samaj of RTP Inc

1155 Kildaire Farm Rd Suite 206
Cary,NC27511 		N/A PC Support religious and humantarian activities 50,000

YMCA of the Triangle

801 Corporate Center Dr Ste 200
Raleigh,NC27607 		N/A PC To supplement learning for students who struggle to reach school-system benchmarks 100,000
Total .................................right arrow 3a 3,364,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 7,066  
4 Dividends and interest from securities ....     14 1,166,092  
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 .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990 18,330 18 842,295  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPassthrough K-1 income 		525990 -68,668 14 7,848  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -50,338 2,023,301 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,972,963
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


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

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

42-1747195
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
The Asha and Sajjan Agarwal Foundation
  		Employer identification number
42-1747195
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Agarwal Family Holdings LLC
 
1330 Sunday Drive Suite 105
 
Raleigh, NC27607

$ 10,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
Sajjan & Asha Agarwal
 
2516 Chelmsford Court
 
Cary, NC27518

$ 2,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
Agarwal Charitable Lead Annuity Trust
 
1330 Sunday Drive Suite 105
 
Raleigh, NC27607

$ 1,174,300


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

$  


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

$  


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

$  


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

42-1747195
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
The Asha and Sajjan Agarwal Foundation
  		Employer identification number

42-1747195
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
The Asha and Sajjan Agarwal Foundation
EIN:
42-1747195
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting and tax compliance 12,290 5,145   6,145

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

TY 2023 ExpenditureResponsibilityStmt
Name:
The Asha and Sajjan Agarwal Foundation
EIN:
42-1747195
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
Global Hindu Federation
  		20-22 Wenlock Road
London,EnglandN1 7GU
UK 		2023-03-31 125,000 To provide a non-profit organization resources to perform research for the advancement of Hindu Culture, education and religious spiritual knowledge and to inform, highlight and educate the public about anti-Hindu discrimination. 125,000 No 6/17/24   The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee; therefore, no independent verification was made.
Rishihood Foundation
  		D-11 Second Floor Prashant Vihar
Rohini
Rohini Delhi North West,Delhi110085
IN 		2023-08-31 625,000 To provide support for the development, construction and up-fitting of a student housing facility at a non-profit university located near New Delhi, India. This facility will exclusively house approximately 782 students. 625,000 No 6/4/24   The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee; therefore, no independent verification was made.

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TY 2023 GainLossSaleOtherAssetsSch
Name:
The Asha and Sajjan Agarwal Foundation
EIN:
42-1747195
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
Passthrough ST capital gain UBI OrbiMed Royalty & Credit Opp III LP   Purchased         Cost 0 122  
Passthrough LT capital gain UBI OrbiMed Royalty & Credit Opp III LP   Purchased         Cost 0 1,659  
Passthrough ST capital loss UBI Harbourvest Partners Co-Invest   Purchased         Cost 0 -71  
Passthrough LT capital gain UBI Harbourvest Partners Co-Invest   Purchased         Cost 0 16,620  

TY 2023 InvestmentsCorpBondsSchedule
Name:
The Asha and Sajjan Agarwal Foundation
EIN:
42-1747195
Name of Bond End of Year Book Value End of Year Fair Market Value
Briq Tech - Ser B Jr Loan 13,336 13,336
Cogito Ser C Bridge Loan 30,344 30,344

TY 2023 InvestmentsCorpStockSchedule
Name:
The Asha and Sajjan Agarwal Foundation
EIN:
42-1747195
Name of Stock End of Year Book Value End of Year Fair Market Value
11,100 shs Alibaba Group 860,361 860,361
321 shs Albany Intl Co 31,529 31,529
751 shs API Group Corp 25,985 25,985
0.54 shs Apollo Coml Real Est 6 6
129 shs Applied Indl Tech 22,277 22,277
0.10 shs Aptargroup Inc 13 13
754 shs Azek Co Inc 28,841 28,841
0.11 shs Bank of Hawaii Corp 8 8
5,400 shs Berkshire Hathaway 1,925,964 1,925,964
307 shs Bill Holdings Inc 25,048 25,048
18,498 shs BNY Mellon Global Emer Mkts 370,883 370,883
206 shs Bright Horizon Fam 19,413 19,413
54 shs CACI Inc 17,488 17,488
500 shs Camden Property Trust 49,645 49,645
46,108 shs Carlyle Secd Lending 689,781 689,781
424 shs Casella Waste Systems 36,235 36,235
66 shs Caseys Gen Stores 18,133 18,133
1,288 shs CCC Intelligent Solution 14,670 14,670
165 shs Chart Industries Inc 22,494 22,494
502 shs Ciena Corp 22,595 22,595
1,041 shs Clearwater Analytics Hld 20,851 20,851
19,778 shs Conestoga Small Cap Institutional 1,443,024 1,443,024
784 shs Confluent Inc 18,346 18,346
715 shs Core & Main Inc 28,893 28,893
235 shs Crocs Ing 21,951 21,951
47,079 shs Delaware Emerging Mkts 917,107 917,107
5,049 shs Dodge & Cox Intl Stock Fund 248,220 248,220
3,141 shs Energy Select Sector 263,360 263,360
0.97 shs Evercore Inc 167 167
398 shs First Amer Finl 25,647 25,647
380 shs Freshpet Inc 32,969 32,969
570 shs GE Healthcare Technologies 44,048 44,048
153 shs Generac Holdings Inc 19,774 19,774
1,713 shs General Electric Co 218,585 218,585
0.44 shs Gentex Corp 14 14
19,933 shs Global X MSCI China 350,819 350,819
341 shs Globus Medical Inc 18,172 18,172
34,888 shs Goldman Sachs Emer Mkts Eq 747,651 747,651
405 shs GXO Logistics 24,770 24,770
682 shs Halozyme Therapeutic 25,207 25,207
27,145 shs Harding Loevner Intl Eq 704,422 704,422
15,618 shs Harding Loevner Intl Small Coms 282,367 282,367
629 shs Helmerich & Payne 22,776 22,776
0.57 shs Herc Holdings Inc 84 84
0.11 shs Hexcel Corp 8 8
235 shs Houlihan Lokey Inc 28,179 28,179
0.66 shs Idacorp Inc 65 65
1,537 shs Integral Ad Science Hold 22,117 22,117
7,976 shs Intel Corp 400,819 400,819
160 shs Inter Parfums Inc 23,042 23,042
10,418 shs Invesco Developing Mkts R6 401,824 401,824
4,743 shs Invsc QQQ Trust SRS 1 1,942,452 1,942,452
475 shs Ionis Pharmaceuticals 24,030 24,030
4,205 shs iShares Core S&P 500 2,008,259 2,008,259
4,449 shs iShares Core S&P Mid-Cap 1,233,046 1,233,046
8,791 shs iShares MSCI Emer Mkts 353,499 353,499
7,079 shs iShares Russell 1000 2,146,135 2,146,135
8,923 shs iShares S&P 500 Value 1,551,550 1,551,550
20,040 shs Johcm International Select Inst 464,538 464,538
41,091 shs JHancock Disciplined Value Mid-Cap 1,124,673 1,124,673
11,174 shs Kraneshares CSI China 301,692 301,692
0.24 shs Lennox Interntnl 105 105
0.95 shs Littelfuse Inc 253 253
0.18 shs Louisiana Pac Corp 13 13
1,716 shs LYFT Inc 25,723 25,723
0.14 shs Marriot Vacations 12 12
20,899 shs MFS Value I 994,815 994,815
279 shs MKS Instruments Inc 28,701 28,701
123 shs MYR Group Inc 17,789 17,789
444 shs Natera Inc 27,812 27,812
1,331 shs Neogen Corp 26,766 26,766
16,271 shs New Germany CF 142,209 142,209
643 shs New York Times 31,482 31,482
524 shs Noble Corp PLC 25,236 25,236
44,146 shs Nuance Mid Cap Value Institutional 555,357 555,357
4,712 shs Oakmark Intl Inst 126,145 126,145
1,120 shs Paycor HCM Inc 24,181 24,181
43,939 shs Pear Tree Polaris FGN VAL Small Cap 688,957 688,957
334 shs Planet Fitness Inc 24,382 24,382
0.90 shs Primerica Inc 186 186
471 shs Procore Technologies Inc 32,603 32,603
129 shs Repligen Corp 23,194 23,194
53 shs Saia Inc 23,226 23,226
1,049 shs Seacoast BK Corp Fla 29,855 29,855
8,477 shs Select Sector Health 1,156,084 1,156,084
65 shs Shockwave Medical Inc 12,386 12,386
197 shs Siteone Landscape Supply Inc 32,013 32,013
1,641 shs Sportradar Group AG 18,133 18,133
252 shs SPX Technologies Inc 25,455 25,455
0.45 shs Stepan Co 42 42
6,350 shs T Rowe Price Blue Chip Growth Fund 953,387 953,387
10,901 shs T Rowe Price Intl Discovery Fund 688,492 688,492
5,316 shs T Rowe Price Mid Cap Growth Fund 532,953 532,953
6,305 shs T Rowe Price Small-Cap Value I 327,034 327,034
50,756 shs T Rowe Price Value Fund 2,128,695 2,128,695
294 shs Timken Co 23,589 23,589
370 shs Tootsie Roll Inds 12,299 12,299
90,124 shs Touchstone Sands Capital Select Growth 1,300,492 1,300,492
0.39 shs TTEC Holdings Inc 8 8
44,126 shs Tweedy Browne Intl Value Fund II 750,576 750,576
207 shs UFP Inds Inc 25,989 25,989
0.07 shs Unifirst Corp 13 13
75 shs United Therapeutics 16,492 16,492
28,869 shs Vaneck Morningstar Wide 2,450,073 2,450,073
5,144 shs Vanguard Financials ETF 474,623 474,623
168 shs Visteon Corp 20,983 20,983
372 shs Wayfair Inc 22,952 22,952
9,479 shs Wells Fargo & Co 466,568 466,568
AvantStay, Inc. 749,998 749,998
Briq Technologies Inc-Series B 213,334 213,334
DailyPay, Inc. 500,000 500,000

TY 2023 InvestmentsOtherSchedule2
Name:
The Asha and Sajjan Agarwal Foundation
EIN:
42-1747195
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Harbourvest Ptrs Co-Inv FD IV LP FMV 761,521 761,521
Harbourvest Ptrs Co-Inv FD IV AIV LP FMV 1 1
Harbourvest Access Co-Inv VI LLC FMV 1,084,755 1,084,755
Orbimed Royalty & Credit Opp III LP FMV 236,861 236,861
Strategic Ptnrs Offshore VIII LP FMV 339,514 339,514
West Street Capital Partners VII LP FMV 472,307 472,307
PE Co-Investment Ptnrs II FMV 847,616 847,616
New Mountain Ptnrs VI FMV 423,995 423,995
Vintage VII Offshore FMV 333,457 333,457
PE Managers (2017) Offshore FMV 977,186 977,186
Afore Capital II, LP FMV 613,493 613,493
Afore Capital III, LP FMV 467,299 467,299
Ares Energy Infrastructure Fund V FMV 290,293 290,293
Argosy Credit Partners, L.P. FMV 79,722 79,722
Argosy Real Estate Part III, LLC FMV 2,381,359 2,381,359
Avatar Growth Capital Fund I Ltd FMV 2,779,022 2,779,022
Banneker Partners Fund II, LP FMV 1,400,979 1,400,979
Base10 Wonolo Coinvest I, LLC FMV 500,000 500,000
BREP Asia II FMV 436,518 436,518
DX Jun 2023, a Series of CGF2021 LLC FMV 637,500 637,500
Edison Partners IX, LP FMV 1,716,831 1,716,831
Eniac Special Kappa LLC (XWing) FMV 250,923 250,923
Eniac Ventures V, L.P. FMV 356,333 356,333
Kinderhook Capital Fund VII FMV 1,686,452 1,686,452
New 2nd Capital, LLC FMV 1,113,671 1,113,671
OpenGate Capital Partners III, LP FMV 419,233 419,233
OrbiMed Asia Partners III FMV 1,051,209 1,051,209
Percheron Capital Fund I-A LP FMV 2,243,462 2,243,462
Rel Space -Series D (Tribe IV, Series 6) FMV 1,488,038 1,488,038
REMUS Cap Ser Co-Inv LP (Cogito) FMV 106,000 106,000
Rescale - Republic Master Fund FMV 1,500,000 1,500,000
Saturn Aggregator Holdings LLC (ScioTeq) FMV 1,527,823 1,527,823
SKCP Catalyst Fund II-B, LP FMV 365,833 365,833
SM Fund I,ser Eq Ven (SmartHop) FMV 500,000 500,000
ST Fund I (Strata), a Ser of Abbasi Vent FMV 500,000 500,000
Team8 Capital I, LP FMV 1,442,546 1,442,546
Team 8 Capital II, LP FMV 514,071 514,071
TH Fund I (ThreeFlow), Equal Ventures FMV 750,000 750,000
Tribe Capital Fund II, LP FMV 1,201,990 1,201,990
Veritas Capital Fund VIII, LP FMV 2,649,349 2,649,349
Work-Bench Ventures Select Fund, LP FMV 596,473 596,473

TY 2023 OtherExpensesSchedule
Name:
The Asha and Sajjan Agarwal Foundation
EIN:
42-1747195
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Passthrough K-1 expenses 695,456 655,613   0
Program expenses 9,851 0   9,851
Bank fees 1,382 1,382   0
Telephone expenses 439 0   439
Computer expenses 400 0   400


TY 2023 OtherIncomeSchedule2
Name:
The Asha and Sajjan Agarwal Foundation
EIN:
42-1747195
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Passthrough K-1 income -60,820 7,848 -60,820


TY 2023 OtherIncreasesSchedule
Name:
The Asha and Sajjan Agarwal Foundation
EIN:
42-1747195
Description Amount
Unrealized appreciation in value of investments 5,619,611


TY 2023 OtherProfessionalFeesSchedule
Name:
The Asha and Sajjan Agarwal Foundation
EIN:
42-1747195
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment management fees 4,754 4,754   0
Payroll processing fees 718 0   718


TY 2023 TaxesSchedule
Name:
The Asha and Sajjan Agarwal Foundation
EIN:
42-1747195
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign taxes 17,834 17,834   0
Federal excise tax 25,000 0   0