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 07-01-2024 , and ending 06-30-2025
Name of foundation
THE ZABAN FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)CO RCM PO BOX 5016
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY101855016
A Employer identification number

58-6034590
B Telephone number (see instructions)

(212) 549-5544
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$13,255,794
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 3,738 3,738  
4 Dividends and interest from securities... 313,351 302,412  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,314,391
b Gross sales price for all assets on line 6a 5,756,732
7 Capital gain net income (from Part IV, line 2)... 1,314,391
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)....... 4,867 4,867  
12 Total. Add lines 1 through 11........ 1,636,347 1,625,408  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 12,850 9,638   3,212
c Other professional fees (attach schedule).... 98,213 64,668   33,545
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 14,187 3,487   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 4,627 4,552   75
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 129,877 82,345   36,832
25 Contributions, gifts, grants paid....... 638,300 638,300
26 Total expenses and disbursements. Add lines 24 and 25 768,177 82,345   675,132
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 868,170
b Net investment income (if negative, enter -0-) 1,543,063
c Adjusted net income (if negative, enter -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......... 1,455,466 1,296,850 1,296,850
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,024,063 Click to see attachment
List of Attached Documents:
// Content
4,102,631
7,554,943
c Investments—corporate bonds (attach schedule)....... 2,912,911 Click to see attachment
List of Attached Documents:
// Content
3,731,577
3,734,253
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).......... 541,501 Click to see attachment
List of Attached Documents:
// Content
627,059
669,748
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,933,941 9,758,117 13,255,794
Liabilities 17 Accounts payable and accrued expenses.......... 100  
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 100 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 8,933,841 9,758,117
29 Total net assets or fund balances (see instructions)..... 8,933,841 9,758,117
30 Total liabilities and net assets/fund balances (see instructions). 8,933,941 9,758,117
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
8,933,841
2
Enter amount from Part I, line 27a .....................
2
868,170
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
9,802,011
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
43,894
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
9,758,117
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      
b KKR INFRASTRUCTURE CONGLOMERATE P 2024-07-01 2025-06-30
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 5,750,650   4,442,341 1,308,309
b 6,082     6,082
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       1,308,309
b       6,082
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 1,314,391
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 21,449
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 21,449
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 21,449
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 14,838
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 13,500
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 28,338
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 8
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 6,881
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow6,881 Refundedright arrow 11 0
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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowGA
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 instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowROCKEFELLER CAPITAL MANAGEMENT Telephone no.right arrow (212) 549-5544

Located atright arrowPO BOX 5016NEW YORKNY ZIP+4right arrow101855016
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)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 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
JUDY ZABAN CHAIR PERSON/TREASURER
1.00
0 0 0
C/O RCM PO BOX 5016
NEW YORK,NY101855016
STEPHEN M BERMAN SECRETARY
0.50
0 0 0
C/O RCM PO BOX 5016
NEW YORK,NY101855016
CAROL Z COOPER DIRECTOR
1.00
0 0 0
C/O RCM PO BOX 5016
NEW YORK,NY101855016
LAURA Z DINERMAN DIRECTOR
1.00
0 0 0
C/O RCM PO BOX 5016
NEW YORK,NY101855016
SARA Z FRANCO DIRECTOR
1.00
0 0 0
C/O RCM PO BOX 5016
NEW YORK,NY101855016
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position
(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation
(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (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
ROCKEFELLER CAPITAL MANAGEMENT INVESTMENT MANAGEMENT, ADMINISTRATION, TAX 98,213
PO BOX 5016
NEW YORK,NY101855016
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
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
11,394,949
b
Average of monthly cash balances.......................
1b
1,412,345
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
12,807,294
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
12,807,294
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
192,109
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
12,615,185
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
630,759
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
630,759
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
21,449
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
2,087
c
Add lines 2a and 2b............................
2c
23,536
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
607,223
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
607,223
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
607,223
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
675,132
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
675,132
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 7 607,223
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 44,948
f Total of lines 3a through e ........ 44,948
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 675,132
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions).....
0
c Treated as distributions out of corpus (Election
required—see instructions)........
0
d Applied to 2024 distributable amount..... 607,223
e Remaining amount distributed out of corpus 67,909
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 112,857
b Prior years’ undistributed income. Subtract
line 4b from line 2b ..........
0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed......
0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ...........
0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
0
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) .......
0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ...
0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ......
112,857
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 44,948
e Excess from 2024.... 67,909
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).)
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

AMERICAN JEWISH COMMITTEE

3525 PIEDMONT ROAD
ATLANTA,GA30322
  PC ANNUAL GIFT 7,500

AMERICAN RED CROSS

430 17TH ST NW
WASHINGTON,DC20006
  PC ANNUAL GIFT 10,000

ANTI-DEFAMATION LEAGUE

3490 PIEDMONT RD NE SUITE 610
ATLANTA,GA30305
  PC ANNUAL GIFT 7,500

ATL JEWISH FILM SOCIETY

PO BOX 746371
ATLANTA,GA30374
  PC ANNUAL GIFT 5,500

ATLANTA BOTANICAL GARDEN

1345 PIEDMONT AVENUE NE
ATLANTA,GA30309
  PC ANNUAL GIFT 1,500

ATLANTA FOOD BANK

3400 N DESERT DR
EAST POINT,GA30344
  PC ANNUAL GIFT 10,000

ATLANTA HISTORY CENTER

130 WEST PACES FERRY ROAD NW
ATLANTA,GA30305
  PC ANNUAL GIFT 1,000

BIRTHRIGHT ISRAELI FOUNDATION

PO BOX 21615
NEW YORK,NY10087
  PC ANNUAL GIFT 5,000

CALIFORNIA FIRE FOUNDATION

1780 CREAKSIDE OAKS DR
SACRAMENTO,CA95833
  PC ANNUAL GIFT 10,000

CAMP TWIN LAKES INC

1100 SPRING STREET NW 260
ATLANTA,GA30309
  PC ANNUAL GIFT 1,500

CHILDREN'S HEALTHCARE OF ATLANTA

3395 NE EXPRESSWAY SUITE 100
ATLANTA,GA30341
  PC ANNUAL GIFT 2,500

CHILDREN'S HEALTHCARE OF ATLANTA

3395 NE EXPRESSWAY SUITE 100
ATLANTA,GA30341
  PC ANNUAL GIFT 1,500

CHRON'S AND COLITIS FOUNDATION

22751 BUFORD HIGHWAY NE SUITE 780
ATLANTA,GA30324
  PC ANNUAL GIFT 1,000

CREATING CONNECTED COMMUNITIES

PO BOX 500247
ATLANTA,GA31150
  PC ANNUAL GIFT 5,000

EMORY BRIAN HEALTH CENTER

1762 CLIFTON RD NE SUITE 1400
ATLANTA,GA30322
  PC ANNUAL GIFT 2,500

EPSTEIN SCHOOL FOUNDATION

335 COLEWOOD WAY NW
ATLANTA,GA30328
  PC ANNUAL GIFT 5,000

FRIENDS OF ISRAEL DEFENSE FORCE

PO BOX 720556
ATLANTA,GA30358
  PC ANNUAL GIFT 2,000

GEORGIA AQUARIUM

225 BAKER STREET NW
ATLANTA,GA30313
  PC ANNUAL GIFT 2,500

HADASSAH HWZOA

1050 CROWN POINTE PARKWAY SUITE 500
DUNWOODY,GA30338
  PC ANNUAL GIFT 1,000

HILLELS OF GEORGIA INC

1100 SPRING STREET NW 810
ATLANTA,GA30309
  PC ANNUAL GIFT 3,500

HISTORIC OAKLAND FOUNDATION

248 OAKLAND AVENUE SE
ATLANTA,GA30312
  PC ANNUAL GIFT 1,000

JEWISH EDU LOAN FUND

6065 ROSWELL ROAD SUITE 740
ATLANTA,GA30328
  PC ANNUAL GIFT 7,500

JEWISH FAMILY CAREER SERVICES

4549 CHAMBLEE DUNWOODY ROAD
ATLANTA,GA30338
  PC ANNUAL GIFT 11,200

JEWISH FEDERATION OF GREATER ATLANTA

1440 SPRING STREET NW
ATLANTA,GA30309
  PC ANNUAL GIFT 5,000

JEWISH HOME LIFE COMMUNITIES

3150 HOWELL MILL ROAD NW
ATLANTA,GA30327
  PC ANNUAL GIFT 50,000

JEWISH INTEREST FREE LOAN FUND OF ATLANTA

4549 CHAMBLEE DUNWOODY ROAD
ATLANTA,GA30338
  PC ANNUAL GIFT 10,000

LIFELINE FOR THE OLD

PO BOX 494
ENGLEWOOD,NJ07631
  PC ANNUAL GIFT 1,500

MARCUS JEWISH COMMUNITY CENTER

5342 TILLY MILL ROAD
ATLANTA,GA30338
  PC ANNUAL GIFT 30,000

MARCUS JEWISH COMMUNITY CENTER

5342 TILLY MILL ROAD
ATLANTA,GA30338
  PC ANNUAL GIFT 166,000

MARCUS JEWISH COMMUNITY CENTER

5342 TILLY MILL ROAD
ATLANTA,GA30338
  PC ANNUAL GIFT 30,000

MARCUS JEWISH COMMUNITY CENTER

5342 TILLY MILL ROAD
ATLANTA,GA30338
  PC ANNUAL GIFT 166,000

MEALS ON WHEELS

1705 COMMERCE DRIVE NW
ATLANTA,GA30318
  PC ANNUAL GIFT 5,000

MIDTOWN ASSISTANCE CENTER

613 SPRING STREET NW
ATLANTA,GA30308
  PC ANNUAL GIFT 5,000

NATIONAL COUNCIL OF JEWISH WOMEN

2055 L ST NW 650
WASHINGTON,DC20036
  PC ANNUAL GIFT 5,000

OUR HOUSE

173 BOULEVARD NORTHEAST
ATLANTA,GA30312
  PC ANNUAL GIFT 2,500

ROBERT W WOODFRUFF ARTS CENTER INC

1280 PEACHTREE STREET NW
ATLANTA,GA30309
  PC ANNUAL GIFT 2,500

ROBERT W WOODFRUFF ARTS CENTER INC

1280 PEACHTREE STREET NW
ATLANTA,GA30309
  PC ANNUAL GIFT 3,000

ROBERT WOODRUFF ARTS CENTER

1280 PEACHTREE STREET NW
ATLANTA,GA30309
  PC ANNUAL GIFT 2,500

ROBERT WOODRUFF ARTS CENTER

1280 PEACHTREE STREET NW
ATLANTA,GA30309
  PC ANNUAL GIFT 2,500

SHEPERD CENTER INC

2020 PEACHTREE RD NW
ATLANTA,GA30309
  PC ANNUAL GIFT 2,500

SOJOURN

1530 DEKALB AVENUE NE SUITE A
ATLANTA,GA30307
  PC ANNUAL GIFT 5,000

THE BREMAN MUSEUM

1440 SPRING STREET NW
ATLANTA,GA30309
  PC ANNUAL GIFT 3,600

THE DAVIS ACADEMY

8105 ROBERTS DRIVE
ATLANTA,GA30350
  PC ANNUAL GIFT 5,000

WEINSTEIN HOSPICE

3150 HOWELL MILL ROAD NW
ATLANTA,GA30327
  PC ANNUAL GIFT 5,000

THE WEBER SCHOOL

6751 ROSWELL ROAD
ATLANTA,GA30328
  PC ANNUAL GIFT 5,000

ZABAN PARADIES CENTER

1605 PEACHTREE STREET NE 2ND FLOOR
ATLANTA,GA30338
  PC ANNUAL GIFT 20,000
Total .................................right arrow 3a 638,300
bApproved for future payment
Total ................................. right arrow 3b 0
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 3,738  
4 Dividends and interest from securities .... 900099 10,939 14 302,412  
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 .....     14 4,867  
8 Gain or (loss) from sales of assets other than
inventory ............
    18 1,314,391  
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) .. 10,939 1,625,408 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,636,347
(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:
THE ZABAN FOUNDATION INC
EIN:
58-6034590
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 12,850 9,638   3,212

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE ZABAN FOUNDATION INC
EIN:
58-6034590
Name of Bond End of Year Book Value End of Year Fair Market Value
HEWLETT PACKARD ENTERPRISE CO NOTE 299,131 290,804
GOLDMAN SACHS GROUP INC MTN 5.95000% 381 135,553 133,536
PULTE GROUP INC. NOTE CALL MAKE WHOLE 132,812 130,941
VERISIGN INC. SER B NOTE 4.750% 125,894 125,018
BROADCOM CORP. 128,218 127,535
FREEPORT-MCMORAN INC NOTE CALL MAKE 129,184 128,423
DOLLAR TREE INC. NOTE CALL MAKE WHOLE 131,362 128,773
KEURIG DR. PEPPER INC. SER B NOTE 4.5970% 137,340 136,031
PARKER-HANNIFIN CORP. NOTE CALL MAKE 128,767 131,290
CENTENE CORP. DEL SER B NOTE 144,896 141,031
EQUINIX INC. 3.9000% 4/15/2032 128,285 132,597
LOCKHEAD MARTIN CORP NOTE CALL 129,575 134,945
UNITEDHEALTH GROUP INC NOTE 5.3500% 272,674 283,341
TRUIST FINL CORP 4.91600% 7/28/2033 133,085 141,498
ABBVIE INC. 4.5500% 3/15/2035 267,778 266,998
CVS HEALTH CORP NOTE 4.875% 7/20/2035 133,582 134,082
METLIFE INC. 4.600% 05/13/2046 136,816 137,237
S&P GLOBAL INC NOTE 5.25% 134,491 135,005
NASDAQ INC NOTE 5.5% 134,551 135,443
DELL INTL CORP NOTE 5.4% 135,588 132,395
DR HORTON INC 5.000% 141,249 138,410
PEPSICO INC 5.000% 141,164 142,128
TARGET CORP NOTE CALL 5.0000% 214,643 214,665
FOX CORP SER B NOTE 5.476% 134,939 132,127

TY 2024 InvestmentsCorpStockSchedule
Name:
THE ZABAN FOUNDATION INC
EIN:
58-6034590
Name of Stock End of Year Book Value End of Year Fair Market Value
ADOBE INC COM 70,512 82,405
ALPHABET INC CAP STK CL C 37,051 272,648
AMAZON.COM INC 23,012 306,927
APPLE INC COM 15,493 173,779
ASML HOLDING NV EURO 45,274 56,097
BERKLEY W R CORP 71,889 100,507
CBOE GLOBAL MARKETS 99,015 107,043
DANAHER CORPORATION COM 250,656 327,324
EXXON MOBIL 85,606 82,790
HEICO CORP. NEW 41,507 134,480
HOME DEPOT INC. 45,022 155,415
LULULEMON ATHLETICA INC. 74,028 67,235
LVMH MOET HENNESSY VUITTON SE ADR EACH 72,997 144,037
MASTERCARD INCORPORATED CL A 23,703 210,728
MICROSOFT CORP 66,342 215,379
NETFLIX INC. 43,799 132,574
RENTOKIL INITIAL SPON ADS EACH REP5 ORD 116,690 110,280
SALESFORCE INC 113,880 119,984
TAIWAN SEMICONDUCTOR MANUFACTURING SPON 32,364 75,874
TELEDYNE TECHNOLOGIES 115,578 120,393
TJX COMPANIES INC 121,852 137,691
VERISIGN INC. 60,349 85,485
ADOBE INC COM 50,693 64,609
AEROVIRONMENT INC. 13,609 44,452
ARISTA NETWORKS INC. 24,881 68,650
AUTODESK INC, 39,712 51,389
BYD CO UNSP ADR 12,071 24,107
CROWDSTRIKE HLDGS. INC. 17,716 61,627
DASSAULT SYSTEMS SPON ADR 54,145 53,410
KLA CORP COM NEW 9,527 80,617
MERCADOLIBRE INC COM 15,818 78,409
META PLATFORMS INC. 14,501 69,380
METTLER-TOLEDO INTERNATIONAL 54,465 54,037
MONSTER BEVERAGE CORP 41,267 51,114
NIKE INC CLASS B COMMON 19,654 24,438
NVIDIA CORPORATION COM 2,403 92,266
OREILLY AUTOMOTIVE INC. 17,027 27,039
PALO ALTO NETWORKS INC. 21,495 42,156
ROCKWELL AUTOMATION INC 48,017 59,458
SERVICENOW INC COM 13,213 77,106
SITEONE LANDSCAPE SUPPLY 60,076 52,851
STARBUCKS CORP 43,147 41,875
TESLA INC COM 1,521 38,437
VEEVA SYS INC CL A COM 12,562 60,188
VERTEX PHARMACEUTCLS INC 17,769 40,513
ATLAS COPCO AB SP ADR A NEW 63,256 154,090
BAE SYSTEMS PLC 33,503 81,955
BROADCOM INC. COM 27,994 152,434
CHUBB LIMITED COM 61,103 161,953
CONOCOPHILLIPS COM 118,671 109,214
CONSTELLATION BRANDS INC 62,519 61,330
CORNING INC 58,936 101,762
EATON CORP PLC COM 43,397 223,833
EXXON MOBIL 82,618 80,634
FANUC CORPORATION UNSP 77,230 72,272
GOLDMAN SACHS GROUP 101,830 170,568
IDEX CORP COM USD.01 130,061 110,082
JPMORGAN CHASE & CO COM 73,357 225,840
MEDTRONIC PLC 132,754 134,765
MICROSOFT CORP 7,387 115,399
NEXTERA ENERGY INC. COM 89,834 90,107
NOMAD FOODS LIMITED 71,982 69,574
OTIS WORLDWIDE CORP 85,281 85,949
PEPSICO INC 69,588 87,675
PERRIGO COMPANY PLC 102,573 104,128
ROLLS ROYCE HOLDINGS 25,129 77,898
TEXAS INSTRUMENTS INC COM 136,675 200,976
WALMART INC COM 54,181 233,988
SPDR GOLD SHARES 160,864 171,314

TY 2024 InvestmentsOtherSchedule2
Name:
THE ZABAN FOUNDATION INC
EIN:
58-6034590
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ARDENT FINANCIAL FUND IV LP AT COST 112,091 111,307
ARDENT FINANCIAL FUND V LP AT COST 266,987 280,000
KKR INFRASTRUCTURE CONGLOMERATE, AT COST 247,981 278,441

TY 2024 OtherDecreasesSchedule
Name:
THE ZABAN FOUNDATION INC
EIN:
58-6034590
Description Amount
COST BASIS ADJUSTMENTS 43,894


TY 2024 OtherExpensesSchedule
Name:
THE ZABAN FOUNDATION INC
EIN:
58-6034590
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 75 0   75
K-1 DEDUCTIONS 4,552 4,552   0


TY 2024 OtherIncomeSchedule2
Name:
THE ZABAN FOUNDATION INC
EIN:
58-6034590
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
KKR INFRASTRUCTURE 4,867 4,867 4,867


TY 2024 OtherProfessionalFeesSchedule
Name:
THE ZABAN FOUNDATION INC
EIN:
58-6034590
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 64,668 64,668   0
ADMINISTRATION FEES 33,545 0   33,545


TY 2024 TaxesSchedule
Name:
THE ZABAN FOUNDATION INC
EIN:
58-6034590
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 3,487 3,487   0
NET INVESTMENT INCOME TAX 10,700 0   0