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

46-1252608
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$103,185,352J 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) 8,854,935
2 Check right arrow.............
3 Interest on savings and temporary cash investments 461,209 461,209  
4 Dividends and interest from securities... 1,569,320 1,569,320  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,680,861
b Gross sales price for all assets on line 6a 23,468,540
7 Capital gain net income (from Part IV, line 2)... 4,508,619
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
665,743 549,565  
12 Total. Add lines 1 through 11........ 13,232,068 7,088,713  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
5,665 5,665    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
203,381      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
359,593 256,523   99,734
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 568,639 262,188   99,734
25 Contributions, gifts, grants paid....... 2,891,000 2,891,000
26 Total expenses and disbursements. Add lines 24 and 25 3,459,639 262,188   2,990,734
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 9,772,429
b Net investment income (if negative, enter -0-) 6,826,525
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......... 8,312,141 23,207,724 23,207,724
3 Accounts receivable right arrow2,228
Less: allowance for doubtful accounts right arrow   131,255 2,228 2,228
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) 23,839,918 Click to see attachment
List of Attached Documents:
// Content
8,783,587 		8,855,025
b Investments—corporate stock (attach schedule)....... 25,329,864 Click to see attachment
List of Attached Documents:
// Content
32,155,007 		46,374,039
c Investments—corporate bonds (attach schedule)....... 4,351,406 Click to see attachment
List of Attached Documents:
// Content
4,825,314 		4,903,406
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).......... 13,176,370 Click to see attachment
List of Attached Documents:
// Content
15,939,523 		19,767,930
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
75,000 		Click to see attachment
List of Attached Documents:
// Content
75,000 		Click to see attachment
List of Attached Documents:
// Content
75,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 75,215,954 84,988,383 103,185,352
Liabilities 17 Accounts payable and accrued expenses..........    
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)......... 0 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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 75,215,954 84,988,383
29 Total net assets or fund balances (see instructions)..... 75,215,954 84,988,383
30 Total liabilities and net assets/fund balances (see instructions). 75,215,954 84,988,383
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
75,215,954
2
Enter amount from Part I, line 27a .....................
2
9,772,429
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
84,988,383
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
84,988,383
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 Passthrough K1 Capital Gain/(Loss)      
c Sec 751 Gain on Sale of Ptshp Reclass      
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 23,468,540   19,285,000 4,183,540
b       392,431
c       -67,352
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       4,183,540
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 4,508,619
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 94,889
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 94,889
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 94,889
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 87,300
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,900
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 93,200
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 1,689
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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 arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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
Kevin Efrusy Chairman, Treas
5.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Molly Efrusy Dir, Sec, Pres
5.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (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
Foundation Source Administrative 99,709
55 Walls Drive SUITE 302
Fairfield,CT06824
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
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
60,723,693
b
Average of monthly cash balances.......................
1b
10,720,578
c
Fair market value of all other assets (see instructions)................
1c
19,767,930
d
Total (add lines 1a, b, and c).........................
1d
91,212,201
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
91,212,201
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,368,183
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
89,844,018
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,492,201
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
4,492,201
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
94,889
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
9,289
c
Add lines 2a and 2b............................
2c
104,178
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,388,023
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
4,388,023
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
4,388,023
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
2,990,734
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
2,990,734
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 4,388,023
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,148,599
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,990,734
a Applied to 2023, but not more than line 2a 1,148,599
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..... 1,842,135
e Remaining amount distributed out of corpus 0
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 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 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 .......... 		2,545,888
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 ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024.... 0
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).)
Kevin Efrusy
Molly Efrusy
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

AFRICAN LEADERSHIP FOUNDATION

PO BOX 7408
NEW YORK,NY10150 		N/A PC the African Leadership Academy (ALA) ALforGovernance Sector 185,000

AFRICAN LEADERSHIP FOUNDATION

PO BOX 7408
NEW YORK,NY10150 		N/A PC ALA scholarship FUND and AL for GoV FUND 915,000

ANTI-CORRUPTION FOUNDATION INC

85 BROAD ST FL 16 038
NEW YORK,NY10004 		N/A PC ACF Fundraiser fund 40,000

BETTER UTAH INSTITUTE

PO BOX 521855
SALT LAKE CTY,UT84152 		N/A PC Better Boundaries Project 5,000

BRAZIL FOUNDATION

216 E 45TH ST STE 1106
NEW YORK,NY10017 		N/A PC General & Unrestricted 250,000

CHRISTIAN CENTER OF PARK CITY

PO BOX 683480
PARK CITY,UT84068 		N/A PC the Counseling and Wellness Center 60,000

CIYOTA INC

5602 TINKERBELL LN 2411
FORT WORTH,TX76119 		N/A PC General & Unrestricted 30,000

EASTSIDE COLLEGE PREPARATORY SCHOOL INC

1041 MYRTLE ST
E PALO ALTO,CA94303 		N/A PC Scholarship Fund 42,000

EDUCATE

PO BOX 12302
DENVER,CO80212 		N/A PC General & Unrestricted 25,000

EDUCATION FOUNDATION OF BALTIMORE COUNTY PUBLIC

105 W CHESAPEAKE AVE B-1
TOWSON,MD21204 		N/A PC Wayfinder Implementation in Baltimore County Public Schools 50,000

GEORGE WASHINGTON UNIVERSITY

PO BOX 98131
WASHINGTON,DC20090 		N/A PC GW Hillel's mental health and wellness program 15,000

INTERNATIONAL GENEROSITY FOUNDATION TRUST

1901 ULMERTON RD STE 400
CLEARWATER,FL33762 		N/A PC Treeco Fund for secondary school student scholarships in Kenya 12,500

INTERNATIONAL GENEROSITY FOUNDATION TRUST

1901 ULMERTON RD STE 400
CLEARWATER,FL33762 		N/A PC Treeco Fund for Capacity building for local elected leaders and governance benchmarking programs 70,000

INTERNATIONAL JUSTICE MISSION

PO BOX 96961
WASHINGTON,DC20090 		N/A PC Capital Campaign 150,000

LATIN AMERICAN LEADERSHIP FOUNDATION INC

187 STERLING PL APT 2
BROOKLYN,NY11238 		N/A PC the Latin American Leadership Academy (LALA) 50,000

LATIN AMERICAN LEADERSHIP FOUNDATION INC

187 STERLING PL APT 2
BROOKLYN,NY11238 		N/A PC the Latin American Leadership Academy (LALA) 230,000

LITERACY COUNCIL OF NORTHERN VIRGINIA INC

2855 ANNANDALE RD
FALLS CHURCH,VA22042 		N/A PC General & Unrestricted 500

MORE PERFECT UNION FOUNDATION

505 N ANGIER AVE NE 3RD FL
ATLANTA,GA30308 		N/A PC General & Unrestricted 100,000

PARK CITY COMMUNITY FOUNDATION

PO BOX 681499
PARK CITY,UT84068 		N/A PC Youth United and the Community Fund 80,000

PARK CITY COMMUNITY FOUNDATION

PO BOX 681499
PARK CITY,UT84068 		N/A PC Women's Giving Fund 1,000

PARK CITY EDUCATION FOUNDATION

PO BOX 681422
PARK CITY,UT84068 		N/A PC Reaching New Heights Campaign - Preschool Endowment 400,000

STANFORD UNIVERSITY

PO BOX 20466
STANFORD,CA94309 		N/A PC the GSB Bold Fellows and the Efrusy Family Fellowship Fund 100,000

TEACH FOR ALL INC

25 BROADWAY 13TH FL
NEW YORK,NY10004 		N/A PC Let Girls Thrive initiative 30,000

THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIO

PO BOX 20466
STANFORD,CA94309 		N/A PC The Haas Public Service Center Fund 10,000

UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION

2121 BERKELEY WAY RM 5302
BERKELEY,CA94720 		N/A PC The Efrusy Global Health Leadership Initiative Fund 35,000

WASATCH IMMIGRATION PROJECT

PO BOX 681791
PARK CITY,UT84068 		N/A PC General & Unrestricted 5,000
Total .................................right arrow 3a 2,891,000
bApproved for future payment
Total ................................. right arrow 3b  
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 ........... 		    14 461,209  
4 Dividends and interest from securities ....     14 1,569,320  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990 17,587 18 1,663,274  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 48,029 14 550,362  
bSec 751 Gain on Sale of Ptshp 525990 67,352      
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 132,968 4,244,165  
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,377,133
(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:  
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Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
The Efrusy Family Foundation
 
Employer identification number

46-1252608
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
The Efrusy Family Foundation
  		Employer identification number
46-1252608
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
The Efrusy Family Trust
c/o Kevin Efrusy PO Box 4168
 
Park City, UT840604168

$ 8,854,935


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
The Efrusy Family Foundation
  		Employer identification number

46-1252608
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 BOOKING HOLDINGS INC BKNG, 301 sh. $ 1,594,879 2024-12-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 SUNRUN INC RUN, 182752 sh. $ 1,916,155 2024-12-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 UIPATH ORD SHS CLASS A PATH, 30795 sh. $ 446,681 2024-12-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 FRESHWORKS ORD SHARES CLASS A FRSH, 298429 sh. $ 4,897,220 2024-12-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
The Efrusy Family Foundation
  		Employer identification number

46-1252608
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


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TY 2024 DepreciationSchedule
Name:
The Efrusy Family Foundation
EIN:
46-1252608
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

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

TY 2024 ExpenditureResponsibilityStmt
Name:
The Efrusy Family Foundation
EIN:
46-1252608
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
PASSION FEATURES LTD
  		33-34 RATHBONE PLACE
LONDON   W1T 1JN
UK 		2023-11-14 75,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION ATTACHMENT   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

TY 2024 GeneralExplanationAttachment
Name:
The Efrusy Family Foundation
EIN:
46-1252608
Identifier Return Reference Explanation
FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: PASSION FEATURES LTD DATE OF PRI: 11/14/2023 AMOUNT OF PRI: $75,000 PURPOSE OF PRI: TO FUND THE PRODUCTION OF AN EDUCATIONAL DOCUMENTARY RAISING AWARENESS OF EXTRAJUDICIAL KILLINGS REPORTS OF AMOUNTS EXPENDED: RECIPIENT HAS SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEARS INDICATED BELOW: DATE OF REPORT: 03/14/2024 FOR FYE 01/31/2024 THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 12/31/2024. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.
PART I LINE 6A (990-PF) PART I LINE 6A (990-PF) RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $1,663,274 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $17,587 TOTAL PART I, LINE 6A: $1,680,861 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $23,468,540 BOOK BASIS: $22,130,345 NET GAIN/(LOSS): $1,338,195 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $392,431 SEC 751 GAIN ON SALE OF PTSHP RECLASS NET GAIN/(LOSS): $(67,352)

TY 2024 InvestmentsCorpBondsSchedule
Name:
The Efrusy Family Foundation
EIN:
46-1252608
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBVIE INC - 3.800% - 03/15/20 73,052 74,865
AIR LEASE COPR - 5.300% - 06/2 75,827 75,485
AIR LEASE CORP NOTE CALL - 3.2 38,282 39,886
AIR PRODUCTS AND CHEMICALS - 1 46,534 48,816
AMAZON.COM - 3.300% - 04/13/20 95,210 97,611
AMERICAN EXPRESS CO - 3.950% - 147,625 149,398
AMERICAN HONDA FIN CORP MTN - 124,988 124,470
AMPHENOL CORP - 4.750% - 03/30 75,395 75,039
AMPHENOL CORP - 5.050% - 04/05 49,986 50,427
APPLE INC - 3.250% - 02/23/202 57,321 59,276
ASTRAZENECA FINANCE LLC NOTE - 67,180 71,688
AUTOZONE INC - 5.050% - 07/15/ 148,864 150,844
BANK AMER CORP - 3.500% - 04/1 141,855 147,752
BHP BILLTON FIN - 5.250% - 09/ 74,738 75,776
BROADCOM INC SER B NT - 3.459% 96,416 98,102
CATERPILLAR FINL - 5.150% - 08 149,438 150,421
CITIGROUP INC - 3.200% - 10/21 71,440 72,950
CITIGROUP INC BND - 3.300% - 0 76,920 79,614
DISNEY WALT CO - 1.750% - 01/1 92,267 97,326
DISNEY WALT CO - 3.000% - 02/1 62,618 63,980
ECOLAB INC - 1.650% - 02/01/20 69,119 70,680
EOG RESOURCES INC - 3.150% - 0 44,716 44,828
GENERAL MILLS INC - 4.700% - 0 99,737 99,964
GENERAL MOT FIN CO INC NOTE M/ 77,303 79,748
HCA INC - 5.375% - 02/01/2025 148,877 150,029
HOME DEPOT INC - 4.880% - 06/2 94,686 95,911
HUMANA INC - 4.500% - 04/01/20 73,820 74,894
INTUIT NOTE - 5.250% - 09/15/2 124,888 126,330
JP MORGAN CHASE - 3.900% - 07/ 145,693 149,468
LABORATORY CORP OF AMER - 3.60 96,948 99,892
LINDE INC NOTE - 4.700% - 12/0 74,919 75,150
MARCH & MCLENNAN COS INC - 4.5 90,266 89,904
MICROSOFT CORP - 2.700% - 02/1 145,044 149,688
NATIONAL RURAL - 4.450% - 03/1 40,184 39,912
NETFLIX INC - 4.375% - 11/15/2 73,941 74,725
NETFLIX INC - 5.875% - 02/15/2 75,506 75,075
ORACLE CORP NOTE CALL MAKE WHO 70,258 74,569
PACCAR FIN CORP - 4.450% - 08/ 79,894 79,916
PACCAR FINANCIAL CORP - 5.050% 84,958 85,781
PEPSICO INC - 5.250% - 11/10/2 138,276 135,924
PROGRESSIVE CORP - 2.450% - 01 71,753 71,901
QUEST DIAGNOSTICS INC - 4.600% 126,254 124,802
RYDER - 4.625% - 06/01/2025 34,378 34,946
SOUTHERN CALIF EDISON CO SER 2 72,797 74,462
STANLEY BLACK &DECKER INC - 2. 74,094 74,712
SYSCO - 3.300% - 07/15/2026 47,541 48,964
T MOBILE USA - 3.500% - 04/15/ 150,162 154,302
THERMO FISHER SCIENTIFIC INC N 96,290 95,902
TORONTO DOMINION BANK MTN - 3. 72,723 74,721
TOYOTA MTR CR - 4.800% - 01/10 149,027 150,003
UNITEDHEALTH GROUP INC FXD RT 62,891 64,044
VERIZON COMMUNICATIONS - 3.376 72,431 74,850
WASTE MGMT - 3.125% - 03/01/20 111,735 114,669
WELLS FARGO - 4.300% - 07/22/2 68,249 69,014

TY 2024 InvestmentsCorpStockSchedule
Name:
The Efrusy Family Foundation
EIN:
46-1252608
Name of Stock End of Year Book Value End of Year Fair Market Value
ALPHABET INC CL A 809,242 5,815,296
ALPHABET INC CL C 543,057 3,961,152
BILL COM HOLDINGS 900,753 1,131,048
BOOKING HOLDINGS INC 1,594,879 1,495,494
CROWDSTRIKE HOLDINGS, INC 700,351 2,907,334
DATADOG INC 325,620 396,234
DROPBOX INC 2,014,631 2,493,080
FIVERR INTERNATIONAL ORD SHS 960,254 1,149,768
FRESHWORKS ORD SHARES CLASS A 4,897,220 4,825,597
ISHARES RUSSELL 1000 INDEX FD 800,176 768,352
PAGERDUTY ORD SHS 975,853 868,884
ROBLOX ORD SHS CLASS A 1,447,188 2,107,319
SALESFORCE.COM 11,210,848 13,843,602
SUNRUN INC 1,916,155 1,690,456
TWILIO INC 561,890 928,083
UBER 11,275 266,614
UIPATH ORD SHS CLASS A 2,485,615 1,725,726

TY 2024 InvestmentsGovtObligationsSch
Name:
The Efrusy Family Foundation
EIN:
46-1252608
US Government Securities - End of Year Book Value:

8,783,587
US Government Securities - End of Year Fair Market Value:

8,855,025
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 InvestmentsOtherSchedule2
Name:
The Efrusy Family Foundation
EIN:
46-1252608
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACCEL GROWTH FUND INVESTORS 20   681,542 1,415,239
ACCEL GROWTH FUND VI INVESTORS   1,278,985 1,344,807
ACCEL INVESTORS 2016 LLC   346,187 1,064,248
ACCEL LEADERS FUND INVESTORS 2   134,664 1,339,351
ACCEL LONDON VII INVESTORS (20   632,059 696,921
ACCEL XV INVESTORS (2021) L.L.   545,768 638,753
APOLITICAL   99,589 99,589
JUNIPER HILL CAPITAL FUND LP I   11,095,732 12,419,024
PROJECT WAYFINDER   1,124,997 749,998

TY 2024 OtherAssetsSchedule
Name:
The Efrusy Family Foundation
EIN:
46-1252608
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
FELINE - IMPACT PARTNERS - 20%   75,000 75,000


TY 2024 OtherExpensesSchedule
Name:
The Efrusy Family Foundation
EIN:
46-1252608
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 99,709     99,709
K-1 Exp ACCEL GROWTH FUND INVE 1,897 1,897    
K-1 Exp ACCEL GROWTH FUND VI I 1,451 1,451    
K-1 Exp ACCEL INVESTORS 2016 L 1,855 1,855    
K-1 Exp ACCEL LEADERS FUND INV 1,171 1,171    
K-1 Exp ACCEL LONDON VII INVES 1,501 1,501    
K-1 Exp ACCEL XV INVESTORS (20 1,389 1,389    
K-1 Exp JUNIPER HILL CAPITAL F 250,595 247,259    
State or Local Filing Fees 25     25


TY 2024 OtherIncomeSchedule2
Name:
The Efrusy Family Foundation
EIN:
46-1252608
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss ACCEL GROWTH FUND INVESTORS 2016 LLC 3,674 3,674  
K-1 Inc/Loss ACCEL GROWTH FUND VI INVESTORS (2021 1,971 1,971  
K-1 Inc/Loss ACCEL INVESTORS 2016 LLC 291 291  
K-1 Inc/Loss ACCEL LEADERS FUND INVESTORS 2016 LL 340 340  
K-1 Inc/Loss ACCEL LONDON VII INVESTORS (2021) L. 1,421 1,421  
K-1 Inc/Loss ACCEL XV INVESTORS (2021) L.L.C 834 834  
K-1 Inc/Loss JUNIPER HILL CAPITAL FUND LP INV 589,860 541,034  
Sec 751 Gain on Sale JUNIPER HILL CAPITAL FUND LP 67,352    


TY 2024 OtherProfessionalFeesSchedule
Name:
The Efrusy Family Foundation
EIN:
46-1252608
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 5,665 5,665    


TY 2024 TaxesSchedule
Name:
The Efrusy Family Foundation
EIN:
46-1252608
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 87,300      
990-PF Excise Tax for 2023 44,935      
990-PF Extension for 2023 48,600      
990-T Extension for 2023 400      
990-T Income Tax for 2023 22,146