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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
Harry and Masie Masto Foundation
dba masto foundation
% THE FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)58 COLLINGWOOD STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
san francisco, CA94114
A Employer identification number

91-1117863
B Telephone number (see instructions)

(530) 699-0337
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$8,383,899J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 9,895 9,895  
4 Dividends and interest from securities... 134,771 134,771  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 97,716
b Gross sales price for all assets on line 6a 1,109,320
7 Capital gain net income (from Part IV, line 2)... 97,716
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 242,382 242,382  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 191,000     191,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 30,235     30,235
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
15,797 3,949 0 11,848
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
92,619 67,619   25,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
17,581 1,653    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 16,633     16,633
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
46,326 199   38,689
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 410,191 73,420 0 313,405
25 Contributions, gifts, grants paid....... 596,522 545,848
26 Total expenses and disbursements. Add lines 24 and 25 1,006,713 73,420 0 859,253
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -764,331
b Net investment income (if negative, enter -0-) 168,962
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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......... 217,485 224,575 224,575
3 Accounts receivable right arrow4,023
Less: allowance for doubtful accounts right arrow     4,023 4,023
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   100,000    
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 9,948 10,034 10,034
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 6,416,355 Click to see attachment
List of Attached Documents:
// Content
6,710,997 		6,710,997
c Investments—corporate bonds (attach schedule)....... 1,363,162 Click to see attachment
List of Attached Documents:
// Content
1,334,270 		1,334,270
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)..........      
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
297 		Click to see attachment
List of Attached Documents:
// Content
100,000 		Click to see attachment
List of Attached Documents:
// Content
100,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,107,247 8,383,899 8,383,899
Liabilities 17 Accounts payable and accrued expenses.......... 8,653 7,438
18 Grants payable................. 187,888 238,562
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
24,613 		Click to see attachment
List of Attached Documents:
// Content
38,192
23 Total liabilities (add lines 17 through 22)......... 221,154 284,192
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........ 515,416  
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 7,370,677 8,099,707
29 Total net assets or fund balances (see instructions)..... 7,886,093 8,099,707
30 Total liabilities and net assets/fund balances (see instructions). 8,107,247 8,383,899
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
7,886,093
2
Enter amount from Part I, line 27a .....................
2
-764,331
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
977,945
4
Add lines 1, 2, and 3 ..........................
4
8,099,707
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
8,099,707
Form 990-PF (2024)
Form 990-PF (2024)
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
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 1,109,320   1,011,604 97,716
b
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       97,716
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 97,716
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 2,349
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 2,349
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 2,349
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 12,383
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 12,383
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 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 10,034
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow10,034 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA, WA
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 2024 or the taxable year beginning in 2024? 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 arrowwww.mastofoundation.org
14
The books are in care ofright arrowTHE FOUNDATION Telephone no.right arrow (530) 699-0337

Located atright arrow58 COLLINGTON STsan franciscoCA ZIP+4right arrow94114
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 2024, 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 (2024)
Form 990-PF (2024)
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)
Yes
 
(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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Allison Sparks Executive Dir
35.0 		191,000 0 0
58 COLLINGWOOD STREET
san francisco,CA94114
Sherrie Sparks Pres, Trustee
2.0 		0 0 0
58 COLLINGWOOD STREET
san francisco,CA94114
Tiffany Sparks Trustee
1.0 		0 0 0
58 COLLINGWOOD STREET
san francisco,CA94114
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 (2024)
Form 990-PF (2024)
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
Whittier Trust Company inv mgmt & philanthr 101,272
520 Pike St ste 1415
SEATTLE,WA98101
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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
8,068,404
b
Average of monthly cash balances.......................
1b
263,362
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
8,331,766
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
8,331,766
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
124,976
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,206,790
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
410,340
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
410,340
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
2,349
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,349
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
407,991
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
407,991
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
407,991
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
859,253
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
859,253
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 407,991
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020...... 190,765
c From 2021...... 244,692
d From 2022...... 349,005
e From 2023...... 562,137
f Total of lines 3a through e ........ 1,346,599
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 859,253
a Applied to 2023, but not more than line 2a  
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 2024 distributable amount..... 407,991
e Remaining amount distributed out of corpus 451,262
5 Excess distributions carryover applied to 2024.    
(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 1,797,861
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,797,861
10 Analysis of line 9:
a Excess from 2020.... 190,765
b Excess from 2021.... 244,692
c Excess from 2022.... 349,005
d Excess from 2023.... 562,137
e Excess from 2024.... 451,262
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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).)
NONE
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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

ASIAN AMERICAN FUTURES

15333 CULVER DR STE 340 PMB 2181
IRVINE,CA92604 		N/A PC TO SUPPORT ASIAN AMERICAN FUTURES "IMAGINE INITIATIVE" 20,000

ASIAN AMERICAN-PACIFIC ISLANDERS IN PHILANTHROPY

1714 FRANKLIN ST STE 100 PMB 386
OAKLAND,CA94612 		N/A PC AAPIP EXPANDS FUNDING AND SUPPORT FOR AAPI COMMUNITIES THROUGH ADVOCACY, LEADERSHIP AND PHILANTHROPIC COLLABORATION 20,000

ASTRAEA FOUNDATION INC

116 EAST 16TH ST 7TH FL
NEW YORK,NY10003 		N/A PC TO SUPPORT ASTRAEA'S US FUND FOR CRISIS PREPARATION 10,000

CENTER FOR EMPOWERED POLITICS EDUCATION FUND

1212 BROADWAY STE 700
OAKLAND,CA94612 		N/A PC QUEER CRESCENT - SUPPORT OF LGBTQ+ MUSLIMS THROUGH HEALING, ADVOCACY AND EMPOWERMENT 1,250

CHINESE FOR AFFIRMATIVE ACTION

17 WALTER U LUM PL
SAN FRANCISCO,CA94108 		N/A PC FOR LAVENDER PHOENIX'S EFFORTS TO PROMOTE LIBERATION FOR LGBTQ+API COMMUNITIES 16,500

COMMUNITY INITIATIVES

1000 BROADWAY STE 480
OAKLAND,CA94607 		N/A PC TSURU FOR SOLIDARITY DIRECT ACTION PROJECTS WORKING TO END DETENTION SITES AND SUPPORT IMMIGRANTS 16,500

DENSHO

1416 S JACKSON ST
SEATTLE,WA98144 		N/A PC TO SHARE HISTORY OF THE WWII INCARCERATION WITH JAPANESE AMERICANS TO PROMOTE EQUITY AND JUSTICE 15,000

DONORS OF COLOR NETWORK INC

9450 SW GEMINI DR PMB 57981
BEAVERTON,OR97008 		N/A PC TO SUPPORT DOCN'S CROSS-NACIAL NETWORK OF DONORS ADVANCING JUSTICE 10,000

FRIENDS OF MAJAL INC

10733 E HAWK AVE
MESA,AZ85212 		N/A PC TO SUPPORT AN ARAB LANGUAGE PLATFORM AND ONLINE COMMUNITY FOR LGBTQ PEOPLE IN THE MIDDLE EAST 10,000

FRIENDS OF MINIDOKA INC

PO BOX 1085
TWIN FALLS,ID83303 		N/A PC TO ENGAGE IN AND SUPPORT EDUCATION, RESEARCH, AND HISTORIC PRESERVATION OF WWII INCARCERATION 20,000

FUND FOR CONSTITUTIONAL GOVERNMENT

1100 13TH ST NW STE 800
WASHINGTON,DC20005 		N/A PC FOR KESEB'S EFFORTS TO COUNTER AUTHORITARIANISM AND ADVANCE INCLUSIVE AND RESILIENT DEMOCRACIES 21,400

FUNDERS FOR LESBIAN AND GAY ISSUES INC

45 WEST 36TH ST 8TH FLOOR
NEW YORK,NY10018 		N/A PC FUNDING FORWARD 2025 sponsorship 5,000

HORIZONS FOUNDATION

155 SANSOME ST STE 650
SAN FRANCISCO,CA94104 		N/A PC ANNUAL BOARD DISCRETIONARY 10,000

INSIGHT

KASHTANOVA ST 15 APP 33
KIEV,KYIV02225
UP 		N/A PC TO SUPPORT LBQ HUMAN RIGHTS, ADVOCACY, AND SOCIAL SERVICES IN UKRAINE 5,000

JAPANESE AMERICAN CITIZENS LEAGUE

PO BOX 5323
KENT,WA98064 		N/A PC TO SUPPORT CREATION OF THE REMEMBERANCE GALLERY AT THE PUYALLUP 20,000

JAPANESE AMERICAN NATIONAL MUSEUM

100 N CENTRAL AVE
LOS ANGELES,CA90012 		N/A PC TO SUPPORT THE JANM'S IREICHO - (SACRED BOOK OF NAMES) HONORING JAPANESE-AMERICANS INCARCERATED IN WWII 5,000

KULTIVATE LABS

1010 MISSION ST
SAN FRANCISCO,CA94103 		N/A PC TO SUPPORT KOHO - A VIBRANT NEW ARTS AND CULTURE CENTER IN JAPANTOWN 22,223

LILITH FUND

PO BOX 684949
AUSTIN,TX78768 		N/A PC TO SUPPORT FREEDOM AND ACCESS TO ABORTION CARE FOR WOMEN IN TEXAS 10,000

LTSC COMMUNITY DEVELOPMENT CORPORATION

231 E 3RD ST STE G106
LOS ANGELES,CA90013 		N/A PC OKAERI'S COMMUNITY BUILDING EFFORTS FOR LGBTQ+ JAPANESE-AMERICANS, FAMILIES AND ALLIES 5,435

LTSC COMMUNITY DEVELOPMENT CORPORATION

231 E 3RD ST STE G106
LOS ANGELES,CA90013 		N/A PC END OF YEAR MATCH CHALLENGE GRANT FOR OKAERI 11,000

LTSC COMMUNITY DEVELOPMENT CORPORATION

231 E 3RD ST STE G106
LOS ANGELES,CA90013 		N/A PC FOR OKAERI'S SUPPORT FOR LGBTQ+ INDIVIDUALS, THEIR FAMILIES AND LOVED ONES WITHIN THE NIKKEI (JAPANESE-AMERICAN) COMMUNITY 3,227

MAHOGANY PROJECT

9896 BISSONNET ST STE 550
HOUSTON,TX77036 		N/A PC TO SUPPORT WORK THAT REDUCES SOCIAL ISOLATION AND STIGMA FACED BY BLACK TRANSGENDER WOMEN 5,000

MUFG UNION BANK CARES FUND

445 SOUTH FIGUEROA ST SUITE 401
LOS ANGELES,CA90071 		N/A PC TO SUPPORT SAME-SEX MARRIAGE EDUCATION AND ADVOCACY EFFORTS IN JAPAN 52,360

NATIONAL JAPANESE AMERICAN MEMORIAL FOUNDATION

4200 WISCONSIN AVE 106-236
WASHINGTON,DC20016 		N/A PC TO SUPPORT CAPACITY BUILDING AND FUNDRAISING EFFORTS FOR THE JAPANESE-AMERICAN CONFINEMENT SITES CONSORTIUM 20,000

NEW BREATH FOUNDATION

1999 HARRISON ST STE 1800
OAKLAND,CA94612 		N/A PC FOR NEW BREATH FOUNDATION'S COLLECTIVE LIBERATION EVENT 5,000

OUTRIGHT ACTION INTERNATIONAL

216 E 45TH ST FL 17
NEW YORK,NY10017 		N/A PC TO STRENGTHEN THE CAPACITY OF THE LGBTQI RIGHTS MOVEMENT INTERNATIONALLY 20,000

POSSIBILITY LABS

1410 FRANKLIN ST 135
SAN FRANCISCO,CA94109 		N/A PC to SUPPORT the DEVelopment OF THE MOONSOON VENTURE CAPITAL FUND FOR INDIGENOUS WOMEN 26,250

RE POWER FUND

2136 FORD PKWY 5523
ST PAUL,MN55116 		N/A PC TO SUPPORT CAPACITY BUILDING AND TRAINING FOR BIPOC LEADERS AND SOCIAL JUSTICE 15,000

REUNION OF AFRICAN DESCENDANTS INC

2214 8TH AVE 152
NEW YORK,NY10026 		N/A PC ROAD EMPOWERS FORMERLY INCARCERATED INDIVIDUALS LEADERSHIP AND ORGANIZING TO ADVANCE SOCIAL JUSTICE 1,250

SAN DIEGO ALLIANCE FOR ASIAN PACIFIC ISLANDER AMER

3298 GOVERNOR DR
SAN DIEGO,CA92122 		N/A PC TO SUPPORT ASIAN AMERICAN AND PACIFIC ISLANDERS IN HISTORICAL PRESERVATION'S 2024 FORUM 3,000

SAVE OUR SISTERS UNITED

4110 ALMEDA RD UNIT 8471
HOUSTON,TX77288 		N/A PC SOSU SUPPORT OF BLACK TRANSGENDER WOMEN IN HOUSTON THROUGH ADVOCACY AND COMMUNITY BUILDING 5,000

THE FIELD

228 PARK AVE S STE 97217
NEW YORK,NY10003 		N/A PC TO SUPPORT MARSHA'S PLATE WEEKLY PODCAST THAT CENTERS ON BLACK TRANSGENDER WOMEN 1,350

TIDES FOUNDATION

PO BOX 889389
LOS ANGELES,CA90088 		N/A PC FOR EQUALITY WITHOUT BORDERS GRANTEES 36,333

TRANSGENDER LAW CENTER

PO BOX 741803
LOS ANGELES,CA90074 		N/A PC THE BLACK LGBTQIA MIGRANT PROJECT TO BUILD COMMUNITY AT THE INTERSECTION OF BLACK AND MIGRANT EXPERIENCES 1,250

VISIBLE FIGURES

1434 DUKE ST
ALEXANDRIA,VA22314 		N/A PC TO SUPPORT THE COMMUNITY BUILDING AND ADVANCEMENT OF BLACK FEMALE AND NON-BINARY ENTREPRENEURS 7,500

CHINESE FOR AFFIRMATIVE ACTION

17 WALTER U LUM PL
SAN FRANCISCO,CA94108 		n/a PC IN HONOR OF LAVENDER PHOENIX'S 20TH ANNIVERSARY 5,500

HORIZONS FOUNDATION

155 SANSOME ST STE 650
san francisco,CA94104 		n/a PC ANNUAL BOARD DISCRETIONARY 10,000

HORIZONS FOUNDATION

155 SANSOME ST STE 650
san francisco,CA94104 		n/a PC ANNUAL BOARD DISCRETIONARY 10,000

HORIZONS FOUNDATION

155 SANSOME ST STE 650
san francisco,CA94104 		n/a PC FOR HORIZONS FOUNDATION'S ANNUAL GALA 10,000

HORIZONS FOUNDATION

155 SANSOME ST STE 650
san francisco,CA94104 		n/a PC FOR JULY MUNOZ SPIRIT AWARD TO PROMOTE LGBTQ COMMUNITY BUILDING IN THE BAY AREA 10,000

KULTIVATE LABS

1010 MISSION ST
san francisco,CA94103 		n/a PC to support KOHO SPACE RENOVATION 11,000

TIDES FOUNDATION

PO BOX 889389
los angeles,CA90088 		n/a PC FREEDOM TO MARRY GLOBAL'S CAMPAIGN TO ADVANCE MARRIAGE FOR SAME-SEX COUPLES 10,320

VISIBLE FIGURES

1434 DUKE ST
alexandria,VA22314 		n/a PC ADDITIONAL ADD-ON GRANT FOR VISIBLE FIGURES FROM THE TRUST BLACK WOMEN INITIATIVE 20,000

COMMUNITY INITIATIVES

1000 BROADWAY STE 480
OAKLAND,CA94607 		N/A PC TSURU FOR SOLIDARITY KINTSUGI CONFERENCE SPONSORSHIP 2,200
Total .................................right arrow 3a 545,848
bApproved for future payment

CHINESE FOR AFFIRMATIVE ACTION
17 WALTER U LUM PL
San Francisci,CA94108 		n/a PC FOR LAVENDER PHONEIX'S EFFORTS TO PROMOTE LIBERATION FOR LGBTQ+API COMMUNITIES 16,500

DENSHO
1416 S JACKSON ST
Seattle,WA98144 		n/a PC TO SHARE HISTORY OF THE WWII INCARCERATION OF JAPANESE AMERICANS TO PROMOTE EQUITY AND JUSTICE 15,000

KULTIVATE LABS
1010 MISSION ST
San Francisco,CA94103 		n/a PC TO SUPPORT KOHO, A VIBRANT NEW ARTS AND CULTURE CENTER IN JAPANTOWN 22,223

NATIONAL NETWORK OF ABORTION FUNDS - LILITH FUND
po box 684949
Austin,TX78768 		n/a PC TO SUPPORT REPRODUCTIVE FREEDOM AND ACCESS TO ABORTION CARE FOR WOMEN IN TEXAS 20,000

TIDES FOUNDATION
PO BOX 889389
Los Angeles,CA90088 		n/a PC FREEDOM TO MARRY GLOBAL'S CAMPAIGN TO ADVANCE MARRIAGE FOR SAME-SEX COUPLES 30,960

LTSC COMMUNITY DEVELOPMENT CORPORATION
231 E 3RD STREET STE G106
Los Angeles,CA90013 		n/a PC OKAERI'S COMMUNITY BUILDING EFFORTS FOR LGBTQ+ JAPANESE-AMERICANS, FAMILIES, AND ALLIES 16,305

HORIZONS FOUNDATION
155 SANSOME ST STE 650
san francisco,CA94104 		n/a PC for the july MUNOZ SPIRIT AWARD TO PROMOTE LGBTQ COMMUNITY BUILDING IN THE BAY AREA 10,000

RE POWER FUND
2136 FORD PARKWAY 5523
st pau,MN55116 		n/a PC TO SUPPORT CAPACITY BUILDING AND TRAINING FOR BIPOC LEADERS AND SOCIAL JUSTICE 15,000

COMMUNITY INITIATIVES
1000 BROADWAY STE 480
oakland,CA94607 		n/a PC TO SUPPORT TSURU FOR SOLIDARITY DIRECT ACTION PROJECTS WORKING TO END DETENTION SITES AND SUPPORT IMMIGRANTS 16,500

SOUTHWEST INDIGENOUS WOMEN'S coalition
6936 E LOBO AVE
mesa,AZ85209 		n/a PC FOR THE NATIONAL LGBTQ+TWO SPIRIT equity center 57,500

SEATTLE INDIAN HEALTH BOARD
611 12 ave s
seattle,WA98144 		n/a PC TO SUPPORT URBAN INDIAN HEALTH INSTITUTE'S DATA GATHERING AND RESEARCH THAT STRENGTHENS NATIVE COMMUNITIES 11,500

ASIAN AMERICAN WORMEN'S POLITICAL initiative
35 FAYWOOD AVE APT 2
east boston,MA02128 		n/a PC TO SUPPORT THE ONLY POLITICAL LEADERSHIP ORGANIZATION FOR AAPI WOMEN IN THE US 20,000
Total ................................. right arrow 3b 251,488
Form 990-PF (2024)
Form 990-PF (2024)
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 9,895  
4 Dividends and interest from securities ....     14 134,771  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 97,716  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   242,382  
13Total. Add line 12, columns (b), (d), and (e)..................
13
242,382
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
Harry and Masie Masto Foundation
 
dba masto foundation
EIN:
91-1117863
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Tax Return Preparation/Review 15,797 3,949   11,848

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

TY 2024 DepreciationSchedule
Name:
Harry and Masie Masto Foundation
 
dba masto foundation
EIN:
91-1117863
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 GeneralExplanationAttachment
Name:
Harry and Masie Masto Foundation
 
dba masto foundation
EIN:
91-1117863
Identifier Return Reference Explanation
Form 990-PF, Parts I and XIV FORM 990-PF, PARTS I AND XIV TOTAL FORM 990-PF, PART I LINE 25 COLUMN (D) AND PART XIV LN 3A: $545,848 DECREASED BY GRANTS AUTHORIZED IN PRIOR YEAR TO BE PAID IN CURRENT YEAR: $187,888 INCREASED BY GRANTS AUTHORIZED IN CURRENT YEAR TO BE PAID in future years: $251,488 less discount on grants authorized in current year to be paid next year: $12,926 TOTAL FORM 990-PF, PART I LINE 25 COLUMN (A): $596,522
Part XII (990-PF) Undistributed Income Part XII (990-PF) - Undistributed Income The amounts of the excess grants carryover shown in Part XII, Line 3, in respect of the taxable years comprising the "adjustment period", as such term is defined in IRC Section 4942(i)(2), has been corrected to reflect a Program Related Investment made in 2023 in lieu of filing amended returns for such year. The Foundation would not have been subject to any penalties under IRC Section 4942 if the original returns filed for the taxable years comprising the adjustment period had reflected the corrected excess grants carryover amounts.

TY 2024 InvestmentsCorpBondsSchedule
Name:
Harry and Masie Masto Foundation
 
dba masto foundation
EIN:
91-1117863
Name of Bond End of Year Book Value End of Year Fair Market Value
ISHARES ESG AWARE US 623,830 623,830
CALVERT SHORT DURATION INCOME 361,324 361,324
ISHARES TRUST ESG AWARE USD CO 349,116 349,116

TY 2024 InvestmentsCorpStockSchedule
Name:
Harry and Masie Masto Foundation
 
dba masto foundation
EIN:
91-1117863
Name of Stock End of Year Book Value End of Year Fair Market Value
ADVANCED MICRO DEVICES INC 41,552 41,552
ALPHABET INC CL C 392,116 392,116
AMAZON COM 217,854 217,854
AMERICAN EXPRESS CO 70,042 70,042
APPLE INC 458,269 458,269
APPLIED MATERIALS INC 53,180 53,180
BOSTON PPTYS INC 48,557 48,557
CADENCE DESIGN SYSTEMS INC 60,993 60,993
CBRE GROUP 55,798 55,798
CISCO SYSTEMS INC 45,347 45,347
CITIGROUP INC 49,343 49,343
CME GROUP, INC 44,124 44,124
COLGATE-PALMOLIVE COMPANY 32,637 32,637
CUMMINS INC 52,987 52,987
DANAHER CORP 59,913 59,913
DOW INC 37,802 37,802
EATON CORP PLC 152,992 152,992
ECOLAB INC 64,672 64,672
ELEVANCE HEALTH INC 27,668 27,668
ELI LILLY & CO 152,856 152,856
ESTEE LAUDER COMPANIES INC 22,269 22,269
ETSY INC 14,386 14,386
EXELON CORPORATION 31,843 31,843
GENERAL MILLS INC 29,462 29,462
INTEL CORP 24,581 24,581
INTUIT 56,565 56,565
ISHARES MSCI USA ESG ETF 52,405 52,405
ISHARES TRUST ISHARES MSCI EAF 206,339 206,339
JP MORGAN CHASE 223,170 223,170
KIMBERLY CLARK CORP 17,690 17,690
LOWES COMPANIES INC 65,402 65,402
LULULEMON ATHLETICA INC 43,977 43,977
MARSH AND MCLENNAN COMPANIES I 67,546 67,546
MASTERCARD INC 50,024 50,024
MEDTRONIC PLC 35,387 35,387
MERCK & CO INC 64,861 64,861
MICROSOFT CORP 83,457 83,457
MONDELEZ INTERNATIONAL INC 17,083 17,083
NUVEEN ESG MID-CAP GROWTH ETF 1,000,145 1,000,145
NUVEEN ESG SMALL-CAP ETF 462,084 462,084
NVIDIA CORP 512,989 512,989
PAYPAL HOLDINGS, INC 38,664 38,664
PEPSICO INC 32,085 32,085
PROCTER GAMBLE CO 63,539 63,539
QUALCOMM INC 44,703 44,703
RBC EMERGING MARKETS EQUITY I 260,645 260,645
S&P GLOBAL INC COM 97,116 97,116
SALESFORCE.COM 198,926 198,926
SERVICE NOW 71,028 71,028
SPDR TR/SSGA GENDER DIVERSITY 147,644 147,644
STANLEY BLACK & DECKER INC 33,481 33,481
STARBUCKS CORP COM 62,233 62,233
T-MOBILE US INC 27,812 27,812
TARGET CORPORATION 4,866 4,866
TEXAS INSTRUMENTS INC 77,629 77,629
UNITED PARCEL SERVICE 25,346 25,346
UNITED RENTALS INC 65,513 65,513
UNITEDHEALTH GROUP INC 93,584 93,584
VERALTO CORPORATION 8,861 8,861
VERIZON COMMUNICATIONS 18,315 18,315
VISA INC 100,817 100,817
XYLEM INC 37,823 37,823

TY 2024 OtherAssetsSchedule
Name:
Harry and Masie Masto Foundation
 
dba masto foundation
EIN:
91-1117863
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PRI-JUST TRANSITION INT CAP 0%   100,000 100,000


TY 2024 OtherExpensesSchedule
Name:
Harry and Masie Masto Foundation
 
dba masto foundation
EIN:
91-1117863
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 16,401     8,963
EQUIVALENCY DETERMINATION FEES 500     500
Digital Subscriptions 1,596 199   1,397
Foundation Dues & Memberships 18,121     18,121
Indemnification Insurance 750     750
Office Supplies 1,029     1,029
State or Local Filing Fees 110     110
Website Hosting/Support 553     553
PROFESSIONAL DEVELOPMENT 7,266     7,266


TY 2024 OtherIncreasesSchedule
Name:
Harry and Masie Masto Foundation
 
dba masto foundation
EIN:
91-1117863
Description Amount
UNREALIZED CAPITAL GAINS 977,110
TO ADJ PRIOR YR PPD TAXES TO ACTUAL 835


TY 2024 OtherLiabilitiesSchedule
Name:
Harry and Masie Masto Foundation
 
dba masto foundation
EIN:
91-1117863
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED EXCISE TAXES 24,613 38,192


TY 2024 OtherProfessionalFeesSchedule
Name:
Harry and Masie Masto Foundation
 
dba masto foundation
EIN:
91-1117863
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 67,619 67,619    
PHILANTHROPIC SERVICES 25,000     25,000


TY 2024 TaxesSchedule
Name:
Harry and Masie Masto Foundation
 
dba masto foundation
EIN:
91-1117863
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF TAX FOR 2024 2,349      
Foreign Tax Paid 1,653 1,653    
INCR. IN DEFERRED EXCISE TAXES 13,579