| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting Fees | 25,860 | 0 | 25,728 |
| Grantee's Name | Grantee's Address | Grant Date | Grant Amount | Grant Purpose | Amount Expended By Grantee | Any Diversion By Grantee? | Dates of Reports By Grantee | Date of Verification | Results of Verification |
|---|---|---|---|---|---|---|---|---|---|
|
Tanzania Early Childhood Development Network |
Box 14658 Dodoma 411015 TZ |
2023-01-25 | 100,000 | Transition Grant - TECDEN | 100,000 | None | 2/25/2025 | Better Way Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)). | |
|
Tanzania Early Childhood Development Network |
PO Box 4104 Dodoma 411015 TZ |
2024-01-10 | 100,000 | Transition Grant - TECDEN | 100,000 | None | 2/25/2025 | Better Way Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)). | |
|
Tumaini Letu |
PO Box 278 Muleba Bukoba 255 TZ |
2024-01-24 | 100,000 | Transition Grant - Tumaini Letu | 100,000 | None | 11/29/2024 | Better Way Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)). |
| Identifier | Return Reference | Explanation |
|---|---|---|
| Form 990-PF, Part VII, Line 1: | Compensation reported on Form 990-PF, Part VII, for Nicholas Banovetz and Kristen Grubb represents compensation paid by GHR Foundation, an unrelated organization, for services provided to Better Way Foundation. Better Way Foundation has an agreement with GHR Foundation for management and philanthropy services. The total amount paid to GHR Foundation during 2024 was $576,883. |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Aperio Equities | 17,902,551 | 17,902,551 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ISHARES CORE US AGGREGATE BOND ETF | FMV | 10,455,861 | 10,455,861 |
| Vanguard Total Bond Market Index Fund | FMV | 2,814,005 | 2,814,005 |
| Siguler Guff Small Business Credit Impact Fund, LP | FMV | 343,654 | 343,654 |
| Carlyle Europe Parts II, L.P. | FMV | 9,204 | 9,204 |
| CIS Catholic Impact Fund II, LP | FMV | 1,417,013 | 1,417,013 |
| CF Private Equity Environmental Solutions Partners II, LP | FMV | 112,095 | 112,095 |
| Adler Asian Private Eqty, LLC | FMV | 19,119 | 19,119 |
| Adler CPV, LLC | FMV | 31,222 | 31,222 |
| Adler Energy Infrastr III, LLC | FMV | 6,472 | 6,472 |
| Adler Energy Infrastr IV, LLC | FMV | 2,499 | 2,499 |
| Adler New Euro Priv Eqty, LLC | FMV | 21,846 | 21,846 |
| Adler Opportunistic Debt, LLC | FMV | 1,284 | 1,284 |
| Adler Energy Finance, LLC | FMV | 7,178 | 7,178 |
| Adler Opportunistic Debt II, L | FMV | 930,575 | 930,575 |
| Adler CPVI, LLC | FMV | 176,005 | 176,005 |
| Adler Energy Infrastr V, LLC | FMV | 39,800 | 39,800 |
| Adler Health Partners III, LLC | FMV | 1,999,046 | 1,999,046 |
| Adler Small Buyout Fund, LLC | FMV | 329,427 | 329,427 |
| Adler Trans Recovery Fd, LLC | FMV | 26,821 | 26,821 |
| Adler Co-invest Opp Fd, LLC | FMV | 198,168 | 198,168 |
| Adler NGP XI, LLC | FMV | 523,831 | 523,831 |
| Adler Energy Finance II, LLC | FMV | 62,608 | 62,608 |
| Adler Opportunistic Debt III | FMV | 676,512 | 676,512 |
| Adler SG Small Buyout Fund III | FMV | 698,436 | 698,436 |
| Adler Cinven VI, LLC | FMV | 384,731 | 384,731 |
| Adler MPE Fund II, LLC | FMV | 805,616 | 805,616 |
| Adler Southfield II, LLC | FMV | 2,961,541 | 2,961,541 |
| Adler Health Partners IV, LLC | FMV | 1,909,698 | 1,909,698 |
| Adler Frontenac XI, LLC | FMV | 2,903,883 | 2,903,883 |
| Adler 2018 Alternative Investments, LLC | FMV | 3,503,898 | 3,503,898 |
| Adler 2019 Alternative Investments, LLC | FMV | 5,717,673 | 5,717,673 |
| Adler Panco Fund IV, LLC | FMV | 1,392,406 | 1,392,406 |
| Adler 2020 Alternative Investments, LLC | FMV | 3,329,100 | 3,329,100 |
| Adler 2022 Alternative Investments, LLC | FMV | 1,206,924 | 1,206,924 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Legal Fees | 973 | 0 | 973 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PRI | 2,500,000 | 2,500,000 | 2,500,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Dues and Subscriptions | 5,547 | 2,200 | 3,347 | |
| Bank Fees | 29,992 | 29,992 | 0 | |
| Miscellaneous | 3,487 | 0 | 3,487 | |
| Pass-Through Portfolio Deductions | 0 | 1,001,381 | 0 | |
| Professional Development | 9,582 | 0 | 9,582 | |
| Insurance | 64 | 0 | 64 | |
| Communications | 25,306 | 0 | 25,529 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Allocated Partnership Income | 991,050 | 0 | 991,050 |
| Allocated Partnership Income | 1,323,219 |
| Description | Amount |
|---|---|
| Unrealized Gain/(Loss) | 2,275,119 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Program Fees | 522,321 | 0 | 522,806 | |
| Consulting Fees | 112,471 | 0 | 99,229 | |
| Investment Management Fees | 59,373 | 59,373 | 0 | |
| Grants Management Fee | 30,202 | 0 | 45,016 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Excise Tax | 130,183 | 0 | 0 | |
| Foreign Tax | 0 | 1,250 | 0 |