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
P-Squared Philanthropies Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

83-1042303
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$103,415,799J 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) 14,649,650
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,699 2,699  
4 Dividends and interest from securities... 692,874 692,874  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 773,652
b Gross sales price for all assets on line 6a 21,926,042
7 Capital gain net income (from Part IV, line 2)... 8,378,958
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
237,532 320,932  
12 Total. Add lines 1 through 11........ 16,356,407 9,395,463  
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
7,622 0 0 7,622
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
152,461 3,179   149,282
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
120,150 150    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 13,224     13,224
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
540,471 433,428   81,303
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 833,928 436,757 0 251,431
25 Contributions, gifts, grants paid....... 3,460,844 3,460,844
26 Total expenses and disbursements. Add lines 24 and 25 4,294,772 436,757 0 3,712,275
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 12,061,635
b Net investment income (if negative, enter -0-) 8,958,706
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 376,780 7,563,963 7,563,963
3 Accounts receivable right arrow3,585
Less: allowance for doubtful accounts right arrow     3,585 3,585
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) 3,250,910 Click to see attachment
List of Attached Documents:
// Content
2,839,158 		2,878,126
b Investments—corporate stock (attach schedule)....... 36,509,640 Click to see attachment
List of Attached Documents:
// Content
43,954,812 		38,045,859
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).......... 44,444,088 Click to see attachment
List of Attached Documents:
// Content
49,345,985 		54,839,266
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
85,000 		Click to see attachment
List of Attached Documents:
// Content
85,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 84,581,418 103,792,503 103,415,799
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 Click to see attachment
List of Attached Documents:
// Content
700
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
7,147,654
23 Total liabilities (add lines 17 through 22)......... 0 7,148,354
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 84,581,418 96,644,149
29 Total net assets or fund balances (see instructions)..... 84,581,418 96,644,149
30 Total liabilities and net assets/fund balances (see instructions). 84,581,418 103,792,503
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
84,581,418
2
Enter amount from Part I, line 27a .....................
2
12,061,635
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,096
4
Add lines 1, 2, and 3 ..........................
4
96,644,149
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
96,644,149
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c
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 21,926,042   13,622,377 8,303,665
b       75,293
c
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       8,303,665
b        
c
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 8,378,958
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) 1 124,526
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........................... 3 124,526
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- ..... 5 124,526
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 161,653
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 161,653
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 41
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 37,086
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow37,086 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDE
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 arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
Yes
 
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Deven Parekh Dir, Sec, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Monika Parekh Dir, Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
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
SRT Advising & Consulting LLC Philanthropic 85,132
49 Longview Road
Staten Island,NY10304
pgw Limited Philanthropic 60,150
11 WOOD END LITTLE HORWOOD
MILTON KEYNES   MK17 0PE
UK
Foundation Source Administrative 78,980
55 Walls Drive
FAIRFIELD,CT06824
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 OLD CHESTER FILMS - TO FUND A DOCUMENTARY FILM SPOTLIGHTING THE HOSTORIC MINING TOWN OF CREEDE, CO & HOW ITS RESIDENTS SET AN EXAMPLE OF COEXISTENCE & COMMUNITY IN OUR NATION 85,000
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow85,000
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
34,600,277
b
Average of monthly cash balances.......................
1b
594,225
c
Fair market value of all other assets (see instructions)................
1c
53,368,784
d
Total (add lines 1a, b, and c).........................
1d
88,563,286
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
88,563,286
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,328,449
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
87,234,837
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,361,742
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
4,361,742
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
124,526
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
124,526
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,237,216
4
Recoveries of amounts treated as qualifying distributions................
4
1,096
5
Add lines 3 and 4............................
5
4,238,312
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
4,238,312
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
3,712,275
b
Program-related investments—total from Part VIII-B..................
1b
85,000
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
3,797,275
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 4,238,312
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 3,775,060
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,797,275
a Applied to 2022, but not more than line 2a 3,775,060
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..... 22,215
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		4,216,097
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).)
Deven Parekh
Monika Parekh
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

19TH NEWS

3571 FAR W BLVD 3497
AUSTIN,TX78731 		N/A PC General & Unrestricted 50,000

ADVOCATES FOR YOUTH

1325 G ST NW STE 980
WASHINGTON,DC20005 		N/A PC to support the AMAZE program and unrestricted 100,000

ASIAN AMERICAN WRITERS WORKSHOP INC

112 W 27TH ST STE 600
NEW YORK,NY10001 		N/A PC General & Unrestricted 1,000

BREAKFAST REVOLUTION

234 S HUNTINGTON AVE UNIT 234
BOSTON,MA02130 		N/A PC General & Unrestricted 20,000

BRIGID ALLIANCE INC

PO BOX 58
NEW YORK,NY10024 		N/A PC General & Unrestricted 5,000

CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE

1779 MASSACHUSETTS AV NW
WASHINGTON,DC20036 		N/A PC General & Unrestricted 100,000

CENTER FOR INDEPENDENT DOCUMENTARY INC

55 GREEN ST
NEWTON,MA02458 		N/A PC Grant to support the documentary Cutting through Rocks 10,000

CHICKEN & EGG PICTURES INC

55 WASHINGTON ST STE 307
BROOKLYN,NY11201 		N/A PC General & Unrestricted 5,000

COMMONSENSE CHILDBIRTH INC

213 S DILLARD ST STE 340
WINTER GARDEN,FL34787 		N/A PC In support of "Ancient Song Doula Services" 10,000

COUNCIL ON FOREIGN RELATIONS INC

58 E 68TH ST
NEW YORK,NY10065 		N/A PC General & Unrestricted 100,000

EQUALITY NOW INC

PO BOX 7160
NEW YORK,NY10008 		N/A PC General & Unrestricted 10,000

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

245 SUMMER ST MZ-NM438
BOSTON,MA02210 		N/A PC The Hypothesis Fund 500,000

HEALTHY MOTHERS HEALTHY BABIES COALITION OF GEORGI

2200 CENTURY PKWY NE STE 460
ATLANTA,GA30345 		N/A PC General & Unrestricted 50,000

IF WHEN HOW

1714 FRANKLIN ST 100-393
OAKLAND,CA94612 		N/A PC General & Unrestricted 50,000

JACQUES PEPIN FOUNDATION

56 MIDDLE HWY
BARRINGTON,RI02806 		N/A PC Charitable Event 25,000

JOHNS HOPKINS UNIVERSITY

3910 KESWICK RD N4327B
BALTIMORE,MD21211 		N/A PC To expedite data analyses and time-to-publication of findings in the pursuit of identifying brain changes as a marker for neurologic Lyme disease, under the direction of Dr. Cherie Marvel (Principal Researcher) and ancillary staff (one research assistant) 115,144

JOHNS HOPKINS UNIVERSITY

3400 N CHARLES ST
BALTIMORE,MD21218 		N/A PC Research grant to assist in the funding of a junior research coordinator, per the December 19, 2022 Agreement 20,000

MEETING HOUSE FAMILY CENTER INC

133 E 58TH ST STE 705
NEW YORK,NY10022 		N/A PC General & Unrestricted 2,500

NATIONAL NETWORK OF ABORTION FUNDS

PO BOX 7569
NEW YORK,NY10150 		N/A PC General & Unrestricted 25,000

NEW YORK UNIVERSITY

ONE PARK AVE 5TH FLOOR
NEW YORK,NY10016 		N/A PC The Parekh Family Center for Neuroinflammation, or such other name as may be mutually determined by the parties within 60 days of execution of this Agreement (the "Center") and to support its activities (such establishment and support, the "Program") 1,000,000

NEW YORK UNIVERSITY

ONE PARK AVE 5TH FLOOR
NEW YORK,NY10016 		N/A PC 2024 Support for FACES (Finding a Cure for Epilepsy & Seizures) 25,000

PUBLIC HEALTH INSTITUTE

555 12TH ST 10TH FL
OAKLAND,CA94607 		N/A PC In support of project "Access Bridge". 100,000

PUBLICOLOR INC

20 WEST 36TH ST 9TH FLOOR
NEW YORK,NY10018 		N/A PC Support of Publicolor's 2023 Stir, Splatter + Roll 50,000

RESIST INC

42 SEAVERNS AVE
JAMAICA PLAIN,MA02130 		N/A PC For "Birth Center Equity" 40,000

ROCKEFELLER PHILANTHROPY ADVISORS INC

120 BRAODWAY STE 3475
NEW YORK,NY10271 		N/A PC Collaborative for Gender and Reproductive Equity 500,000

SUNDANCE INSTITUTE

PO BOX 684429
PARK CITY,UT84068 		N/A PC General & Unrestricted 35,000

TEXAS TRIBUNE INC

919 CONGRESS AVE 6TH FL
AUSTIN,TX78701 		N/A PC General & Unrestricted 5,000

THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIO

PO BOX 20466
STANFORD,CA94309 		N/A PC General & Unrestricted 300,000

TISCH MULTIPLE SCLEROSIS RESEARCH CENTER OF NEW YO

521 W 27TH ST 4TH FL
NEW YORK,NY10019 		N/A PC General & Unrestricted 25,000

TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA

3535 MARKET ST SUITE 750
PHILADELPHIA,PA19104 		N/A PC Designation: Council for Discovery Science 50,000

UTAH FILM CENTER

50 W BROADWAY STE 1125
SALT LAKE CITY,UT84101 		N/A PC In support of the film' Plan C' 5,000

UTAH FILM CENTER

50 W BROADWAY STE 1125
SALT LAKE CITY,UT84101 		N/A PC In support of the film 'Plan C' 50,000

VASSAR COLLEGE

124 RAYMOND AVE BOX 725
POUGHKEEPSIE,NY12604 		N/A PC Admissions and Career Center 5,000

VINES FOUNDATION

1420 5TH AVE CO LANE POWELL 42
SEATTLE,WA98101 		N/A PC General & Unrestricted 700

WOMEN MAKE MOVIES INC

231 W 29TH ST STE 1006
NEW YORK,NY10001 		N/A PC Uvalde Untitled documentary 50,000

WOMEN MOVING MILLIONS INC

19 FULTON ST STE 301
NEW YORK,NY10038 		N/A PC PLP (Philanthropic Leadership Program) 1,500

WOMEN MOVING MILLIONS INC

19 FULTON ST STE 301
NEW YORK,NY10038 		N/A PC General & Unrestricted 20,000
Total .................................right arrow 3a 3,460,844
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 2,698  
4 Dividends and interest from securities ....     14 692,875  
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 188 18 773,464  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 -83,607 14 321,139  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -83,419 1,790,176  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,706,757
(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
P-Squared Philanthropies Inc
 
Employer identification number

83-1042303
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
P-Squared Philanthropies Inc
  		Employer identification number
83-1042303
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
Parekh Deven
220 Riverside Blvd 18N
 
New York, NY10069

$ 14,649,650


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
(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
P-Squared Philanthropies Inc
  		Employer identification number

83-1042303
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
1
 DCT INDUSTRIAL TRUST INC DCT, 40086 sh. $ 756,022 2023-02-17
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 MONDAY.COM LTD MNDY, 6973 sh. $ 1,165,537 2023-06-26
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 MONDAY.COM LTD MNDY, 34005 sh. $ 5,683,936 2023-06-26
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 JFROG FROG, 271 sh. $ 7,624 2023-12-04
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 MONDAY.COM LTD MNDY, 39003 sh. $ 7,036,531 2023-12-04
(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
P-Squared Philanthropies Inc
  		Employer identification number

83-1042303
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:  

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TY 2023 DepreciationSchedule
Name:
P-Squared Philanthropies Inc
EIN:
83-1042303
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

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

TY 2023 ExpenditureResponsibilityStmt
Name:
P-Squared Philanthropies Inc
EIN:
83-1042303
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
Old Chester Films LLC
  		120 Walnut Street 2L
Montclair,NJ07042 		2023-12-27 85,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION ATTACHMENT   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

TY 2023 GeneralExplanationAttachment
Name:
P-Squared Philanthropies Inc
EIN:
83-1042303
Identifier Return Reference Explanation
part I line 6A (990-PF) PART I LINE 6A (990-PF) RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $773,464 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $188 TOTAL PART I, LINE 6A: $773,652 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $21,926,042 BOOK BASIS: $21,227,871 NET GAIN/(LOSS): $698,171 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $75,293
Forms 926 Forms 926 The Foundation has prepared these forms to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
Forms 8865 Forms 8865 The Foundation has prepared these forms to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: Old Chester Films LLC DATE OF PRI: 12/27/2023 AMOUNT OF PRI: $85,000 PURPOSE OF PRI: to support the production of an audiovisual project for educational and scientific purposes called American Creede. REPORTS OF AMOUNTS EXPENDED: RECIPIENT HAS SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEARS INDICATED BELOW: DATE OF REPORT: 04/02/2024 FOR FYE 12/31/2023 THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 12/31/2023. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.

TY 2023 InvestmentsCorpStockSchedule
Name:
P-Squared Philanthropies Inc
EIN:
83-1042303
Name of Stock End of Year Book Value End of Year Fair Market Value
HELLOFRESH 10,017,660 1,434,562
ISHARES BARCLAYS US AGGREGATE 3,947,890 4,012,637
JD.COM, INC 3,766,790 3,169,435
JFROG 7,679 18,759
MONDAY.COM LTD 7,043,311 7,346,752
SPDR PORTFOLIO LONG TERM TREAS 1,321,156 1,304,488
UDEMY, INC. 600 884
VANGUARD 500 INDEX FUND ADM 15,915,636 18,926,364
VANGUARD DEVELOPED MARKETS IDX 1,312,578 1,211,967
WISDOMTREE FLOATING RATE TREAS 621,512 620,011

TY 2023 InvestmentsGovtObligationsSch
Name:
P-Squared Philanthropies Inc
EIN:
83-1042303
US Government Securities - End of Year Book Value:

2,839,158
US Government Securities - End of Year Fair Market Value:

2,878,126
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2023 InvestmentsOtherSchedule2
Name:
P-Squared Philanthropies Inc
EIN:
83-1042303
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ARCADIA IREO CO-INVEST I, LLC   83,453 35,000
ARCADIA IREO II INVESTORS, LLC   136,110 82,000
ARCADIA OVATION INVESTORS II,   64,080 22,082
ARCADIA OVATION INVESTORS, LLC   102,673 50,040
ARCADIA TURKEY INVESTORS I, LL   173,245 235,126
ASCENT PRIVATE INV FUND II LP   678,010 990,345
BLOCKCHANGE VENTURES III SER 2   187,020 250,000
BLOCKCHANGE VENTURES III SER 3   180,039 137,289
BLOCKCHANGE VENTURES III SER 4   203,556 204,303
BLOCKCHANGE VENTURES V LP SER5   139,507 132,649
BLOCKCHANGE VENTURES V LP SER6   154,119 153,894
CAELUM BBC (BARRY'S BOOT CAMP)   1,500,000 1,500,000
CASDIN PARTNERS OFFSHORE, LTD   2,000,000 881,984
CONTRARY CAPITAL III, L.P   1,435,904 1,605,448
GROUNDFORCE GROWTH I LP (FKA P   742,431 853,559
INSIGHT PARTNERS FUND X (FOLLO   4,214,916 3,872,159
INSIGHT PARTNERS FUND XI FOLLO   172,076 190,158
INSIGHT PARTNERS OPP FD I (CL   2,279,129 3,210,660
INSIGHT PARTNERS PUBLIC EQUITI   5,000,000 5,138,737
INSIGHT PARTNERS XI (CLASS A),   4,564,425 7,845,492
INSIGHT PARTNERS XII (CLASS A)   5,799,243 5,872,903
INSIGHT PARTNERS XII BUYOUT AN   1,375,112 1,796,671
KA CREDIT ADVISORS HOLDCO, LLC   33,809 192,895
KAYNE ANDERSON BDC,LLC   1,456,871 1,981,752
KAYNE ANDERSON REAL ESTATE DEB   1,427,968 1,409,310
LEGACY PHARMA INVEST LP   1,499,970 1,500,000
LOWERCARBON 411.2 LP   754,222 877,838
LOWERCARBON 419.1 LP   834,054 868,825
LOWERCARBON 421.0, LP   76,759 76,281
LOWERCARBON 7.81, LP   518,184 519,000
LOWERCARBON CH4 1893.4 OPPORTU   408,645 426,767
LOWERCARBON N20 333.9 OPPORTUN   326,137 332,100
LOWERCARBON Q>1 LP   1,467,595 1,470,000
LOWERCARBON SF6 10.99   81,466 80,916
NORTHERN TRACE FD II LLC   1,393,055 1,783,953
RA CAPITAL HEALTHCARE INTERNAT   3,000,000 2,696,537
REDMILE BIOPHARMA INVESTMENTS   595,175 628,412
VIDA VENTURES III   304,884 289,949
VOYAGER PARTNERS FUND I, LP   787,757 903,948
VOYAGER PARTNERS SELECT I, LP   194,386 252,508
AUDAX SENIOR FUND LOAN OFFSH   3,000,000 3,487,776

TY 2023 LegalFeesSchedule
Name:
P-Squared Philanthropies Inc
EIN:
83-1042303
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Document Review/Drafting 7,622     7,622


TY 2023 LoansFromOfficersSchedule
Name:
P-Squared Philanthropies Inc
EIN:
83-1042303

Item No. 1
Lender's Name MONIKA PAREKH PRESDIR
Lender's Title  
Original Amount of Loan 700
Balance Due 700
Date of Note 2023-11
Maturity Date 2024-01
Repayment Terms PRINCIPAL ON MATURITY
Interest Rate 0.
Security Provided by Borrower NONE
Purpose of Loan TO MAKE GRANTS ON BEHALF OF FOUNDATION
Description of Lender Consideration CASH - $700
Consideration FMV  


TY 2023 OtherAssetsSchedule
Name:
P-Squared Philanthropies Inc
EIN:
83-1042303
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PRI - OLD CHESTER FILMS LLC   85,000 85,000


TY 2023 OtherExpensesSchedule
Name:
P-Squared Philanthropies Inc
EIN:
83-1042303
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 78,700     78,700
Bank Charges 4,402 4,402    
Foundation Dues & Memberships 1,500     1,500
K-1 Exp ARCADIA OVATION INVEST 414 242    
K-1 Exp ARCADIA OVATION INVEST 890 508    
K-1 Exp ARCADIA TURKEY INVESTO 49 49    
K-1 Exp ASCENT PRIVATE INV FUN 31,653 31,169    
K-1 Exp BLOCKCHANGE VENTURES I 3,733 3,733    
K-1 Exp BLOCKCHANGE VENTURES I 3,051 3,051    
K-1 Exp BLOCKCHANGE VENTURES I 3,392 3,392    
K-1 Exp BLOCKCHANGE VENTURES V 3,513 3,513    
K-1 Exp BLOCKCHANGE VENTURES V 1,111 1,111    
K-1 Exp CONTRARY CAPITAL III, 104,989 104,989    
K-1 Exp GROUNDFORCE GROWTH I L 45,724 45,724    
K-1 Exp INSIGHT PARTNERS FUND 15,065 13,676    
K-1 Exp INSIGHT PARTNERS FUND 2,630 2,630    
K-1 Exp INSIGHT PARTNERS OPP F 4,019 3,989    
K-1 Exp INSIGHT PARTNERS XI (C 24,231 3,034    
K-1 Exp INSIGHT PARTNERS XII ( 16,376 15,288    
K-1 Exp INSIGHT PARTNERS XII B 8,925 8,158    
K-1 Exp KA CREDIT ADVISORS HOL 165      
K-1 Exp KAYNE ANDERSON REAL ES 4,991 4,991    
K-1 Exp LOWERCARBON 411.2 LP 20,481 20,481    
K-1 Exp LOWERCARBON 419.1 LP 25,954 25,954    
K-1 Exp LOWERCARBON 421.0, LP 694 694    
K-1 Exp LOWERCARBON 7.81, LP 2,637 2,637    
K-1 Exp LOWERCARBON CH4 1893.4 588 588    
K-1 Exp LOWERCARBON N20 333.9 5,332 5,332    
K-1 Exp LOWERCARBON Q>1 LP 2,775 2,775    
K-1 Exp LOWERCARBON SF6 10.99 153 153    
K-1 Exp NORTHERN TRACE FD II L 16,496 16,496    
K-1 Exp REDMILE BIOPHARMA INVE 25,684 25,684    
K-1 Exp VIDA VENTURES III 18,314 18,248    
K-1 Exp VOYAGER PARTNERS FUND 57,482 57,482    
K-1 Exp VOYAGER PARTNERS SELEC 3,255 3,255    
Office Supplies 94     94
Postage/Delivery Service 280     280
State or Local Filing Fees 25     25
Website Hosting/Support 704     704


TY 2023 OtherIncomeSchedule2
Name:
P-Squared Philanthropies Inc
EIN:
83-1042303
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss ARCADIA OVATION INVESTORS II, LLC 10,264 10,057  
K-1 Inc/Loss ARCADIA OVATION INVESTORS, LLC 22,303 22,303  
K-1 Inc/Loss ARCADIA TURKEY INVESTORS I, LLC -3 -3  
K-1 Inc/Loss ASCENT PRIVATE INV FUND II LP 54,114 28,303  
K-1 Inc/Loss BLOCKCHANGE VENTURES III LP (SERIES 383 383  
K-1 Inc/Loss BLOCKCHANGE VENTURES III LP (SERIES 170 170  
K-1 Inc/Loss BLOCKCHANGE VENTURES III LP (SERIES 2,285 2,285  
K-1 Inc/Loss BLOCKCHANGE VENTURES V LP (SERIES 5) 3,409 3,409  
K-1 Inc/Loss BLOCKCHANGE VENTURES V LP (SERIES 6) 1,437 1,437  
K-1 Inc/Loss CONTRARY CAPITAL III, L.P 1,170 1,170  
K-1 Inc/Loss GROUNDFORCE GROWTH I LP (FKA POWERPL 1,546 1,546  
K-1 Inc/Loss INSIGHT PARTNERS FUND X (FOLLOW-ON F 3,065 7,568  
K-1 Inc/Loss INSIGHT PARTNERS FUND XI FOLLOW-ON F 645 645  
K-1 Inc/Loss INSIGHT PARTNERS OPP FD I (CL A), L. -50,430 822  
K-1 Inc/Loss INSIGHT PARTNERS XI (CLASS A), LP -1,056 3,910  
K-1 Inc/Loss INSIGHT PARTNERS XII (CLASS A), LP -27,571 1,968  
K-1 Inc/Loss INSIGHT PARTNERS XII BUYOUT ANNEX FU -25,255 2,950  
K-1 Inc/Loss KA CREDIT ADVISORS HOLDCO, LLC 9,047    
K-1 Inc/Loss KAYNE ANDERSON REAL ESTATE DEBT IV, 134,778 134,778  
K-1 Inc/Loss LEGACY PHARMA INVEST LP 75,422 75,422  
K-1 Inc/Loss LOWERCARBON 411.2 LP 396 396  
K-1 Inc/Loss LOWERCARBON 419.1 LP 2,305 2,305  
K-1 Inc/Loss LOWERCARBON 421.0, LP 503 503  
K-1 Inc/Loss LOWERCARBON 7.81, LP 2,196 2,196  
K-1 Inc/Loss LOWERCARBON CH4 1893.4 OPPORTUNITY F 1,392 1,392  
K-1 Inc/Loss LOWERCARBON N20 333.9 OPPORTUNITY, L 103 103  
K-1 Inc/Loss LOWERCARBON Q>1 LP 3,353 3,353  
K-1 Inc/Loss LOWERCARBON SF6 10.99 469 469  
K-1 Inc/Loss NORTHERN TRACE FD II LLC 9,066 9,066  
K-1 Inc/Loss REDMILE BIOPHARMA INVESTMENTS III, L 1,240 1,240  
K-1 Inc/Loss VOYAGER PARTNERS FUND I, LP 725 725  
K-1 Inc/Loss VOYAGER PARTNERS SELECT I, LP 61 61  


TY 2023 OtherIncreasesSchedule
Name:
P-Squared Philanthropies Inc
EIN:
83-1042303
Description Amount
RETURNED GRANT 1,096


TY 2023 OtherLiabilitiesSchedule
Name:
P-Squared Philanthropies Inc
EIN:
83-1042303
Description Beginning of Year - Book Value End of Year - Book Value
SHORT POSITIONS 0 7,147,654


TY 2023 OtherProfessionalFeesSchedule
Name:
P-Squared Philanthropies Inc
EIN:
83-1042303
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 3,179 3,179    
Philanthropic Consulting Srvcs 145,282     145,282
Website Development 4,000     4,000


TY 2023 TaxesSchedule
Name:
P-Squared Philanthropies Inc
EIN:
83-1042303
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023 119,600      
990-T Income Tax for 2022 400      
Foreign Tax Paid 150 150