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
VOLENTINE FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)19 WEST CARRILLO STREET STE B
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA BARBARA, CA93101
A Employer identification number

77-0203235
B Telephone number (see instructions)

(805) 962-5719
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$32,821,689J 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 13,632 13,632  
4 Dividends and interest from securities... 612,886 612,886  
5a Gross rents............ 58,088 58,088  
b Net rental income or (loss) -11,943
6a Net gain or (loss) from sale of assets not on line 10 2,055,780
b Gross sales price for all assets on line 6a 8,143,249
7 Capital gain net income (from Part IV, line 2)... 2,055,780
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
32,902 1,803  
12 Total. Add lines 1 through 11........ 2,773,288 2,742,189  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 217,000 76,500   128,500
14 Other employee salaries and wages...... 14,721 14,721   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
54,794 38,356   16,438
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
288,019 286,844   1,175
17 Interest............... 6,858 6,858   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
75,113 13,976   11,495
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
60,419 46,820  
20 Occupancy.............. 19,240 9,620   9,620
21 Travel, conferences, and meetings....... 15,924 7,962   7,962
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
78,135 65,618   9,678
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 830,223 567,275   184,868
25 Contributions, gifts, grants paid....... 1,280,000 1,280,000
26 Total expenses and disbursements. Add lines 24 and 25 2,110,223 567,275   1,464,868
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 663,065
b Net investment income (if negative, enter -0-) 2,174,914
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............. 142,594 243,881 243,881
2 Savings and temporary cash investments......... 349,055 1,938,486 1,938,486
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow1,327,650
Less: accumulated depreciation (attach schedule) right arrow536,027 824,555 Click to see attachment
List of Attached Documents:
// Content
791,623 		1,483,878
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 21,438,807 Click to see attachment
List of Attached Documents:
// Content
20,469,987 		27,923,822
14 Land, buildings, and equipment: basis right arrow1,143,833
Less: accumulated depreciation (attach schedule) right arrow487,534 683,492 Click to see attachment
List of Attached Documents:
// Content
656,299 		1,230,137
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
1,485 		Click to see attachment
List of Attached Documents:
// Content
1,485
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,438,503 24,101,761 32,821,689
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) Click to see attachment
List of Attached Documents:
// Content
8,817 		Click to see attachment
List of Attached Documents:
// Content
9,010
23 Total liabilities (add lines 17 through 22)......... 8,817 9,010
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 23,429,686 24,092,751
29 Total net assets or fund balances (see instructions)..... 23,429,686 24,092,751
30 Total liabilities and net assets/fund balances (see instructions). 23,438,503 24,101,761
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
23,429,686
2
Enter amount from Part I, line 27a .....................
2
663,065
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
24,092,751
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
24,092,751
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 GOLDMAN SACHS # 7660 - HARDING (DETAIL UPON REQUEST)   2023-01-01 2024-12-31
b GOLDMAN SACHS #8452 - EQUITIES & FIXED INCOME (DETAIL UPON REQUEST)   2023-01-01 2024-12-31
c GOLDMAN SACHS #8718 - CORPORATE FIXED INCOME (DETAIL UPON REQUEST)   2023-01-01 2024-12-31
d GOLDMAN SACHS #8726 (DETAIL UPON REQUEST)   2023-01-01 2024-12-31
e GOLDMAN SACHS #9921 (DETAIL UPON REQUEST)   2023-01-01 2024-12-31
GOLDMAN SACHS #9939 (DETAIL UPON REQUEST)   2023-01-01 2024-12-31
GOLDMAN SACHS #7347 (DETAIL UPON REQUEST)   2023-01-01 2024-12-31
MONTECITO BANK & TRUST #8459-00 (DETAIL UPON REQUEST)   2023-01-01 2024-12-31
MONTECITO BANK & TRUST #8459-01 (DETAIL UPON REQUEST)   2023-01-01 2024-12-31
NORTHERN TRUST #94797 (DETAIL UPON REQUEST)   2023-01-01 2024-12-31
NORTHERN TRUST #96747 (DETAIL UPON REQUEST)   2023-01-01 2024-12-31
NORTHERN TRUST #6783 (DETAIL UPON REQUEST)   2023-01-01 2024-12-31
NT PRIVATE EQUITY PARTNERSHIP   2023-01-01 2024-12-31
CAPITAL GAINS DIVIDENDS P    
(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 289,365   236,309 53,056
b 290,228   216,910 73,318
c 250,886   260,083 -9,197
d 675,065   531,813 143,252
e 815,960   738,090 77,870
80,839   80,611 228
585,511   473,767 111,744
533,232   292,785 240,447
272,843   271,384 1,459
1,733,244   1,232,805 500,439
1,604,560   1,403,940 200,620
469,406   348,972 120,434
459,705     459,705
82,405     82,405
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       53,056
b       73,318
c       -9,197
d       143,252
e       77,870
      228
      111,744
      240,447
      1,459
      500,439
      200,620
      120,434
      459,705
      82,405
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 2,055,780
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 30,231
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 30,231
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 30,231
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 41,957
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 41,957
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 11,726
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow11,726 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 arrowCA
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 arrowVOLENTINE.ORG
14
The books are in care ofright arrowCLAUDETTE SABIRON Telephone no.right arrow (805) 962-5719

Located atright arrow19 WEST CARRILLO STREETSANTA BARBARACA ZIP+4right arrow93101
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
NANCY K POPENHAGEN PRESIDENT
11.00 		80,000 0 8,545
19 W CARRILLO STREET
SANTA BARBARA,CA93101
DIANE K HAYES VICE PRESIDENT
1.00 		32,000 1,053 1,540
19 W CARRILLO STREET
SANTA BARBARA,CA93101
CLAUDETTE SABIRON SECRETARY
30.00 		65,000 5,419 0
19 W CARRILLO STREET
SANTA BARBARA,CA93101
CATHERINE MACAULAY TREASURER
1.00 		20,000 0 0
19 W CARRILLO STREET
SANTA BARBARA,CA93101
RICHARD A NIGHTINGALE CHIEF FINANCIAL OFFICER
1.00 		20,000 0 0
19 W CARRILLO STREET
SANTA BARBARA,CA93101
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
NORTHERN TRUST INVESTMENT ADVISORY 83,226
1485 EAST VALLEY RD STE 7
SANTA BARBARA,CA93108
GOLDMAN SACHS & CO LLC INVESTMENT ADVISORY 72,758
2121 AVENUE OF THE STARS STE 2600
LOS ANGELES,CA90067
MONTECITO BANK & TRUST INVESTMENT ADVISORY 57,141
1106 COAST VILLAGE RD STE E
SANTA BARBARA,CA93108
HUTCHINSON & BLOODGOOD LLP ACCOUNTING AND TAX SERVICES 54,794
PO BOX 518
EL CENTRO,CA92244
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
24,777,173
b
Average of monthly cash balances.......................
1b
1,234,514
c
Fair market value of all other assets (see instructions)................
1c
5,647,439
d
Total (add lines 1a, b, and c).........................
1d
31,659,126
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
31,659,126
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
474,887
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
31,184,239
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,559,212
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
1,559,212
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
30,231
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
597
c
Add lines 2a and 2b............................
2c
30,828
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,528,384
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,528,384
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
1,528,384
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
1,464,868
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
1,464,868
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 1,528,384
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,463,712
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......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,464,868
a Applied to 2023, but not more than line 2a 1,463,712
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..... 1,156
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		1,527,228
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 ...... 		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....  
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 e-mail address of the person to whom applications should be addressed:
VOLENTINE FAMILY FOUNDATION
19 W CARRILLO STREET STE B
SANTA BARBARA,CA93101
(805) 962-5719
bThe form in which applications should be submitted and information and materials they should include:
SEE WEBSITE FOR REQUIREMENTS AND SUBMISSION OF INITIAL INQUIRY AND DETERMINATION OF QUALIFICATION TO SUBMIT, IF APPROVED, A GRANT APPLICATION AND APPLICABLE SUPPORTING DOCUMENTATION WILL BE REQUESTED.
cAny submission deadlines:
APRIL 20
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
AWARDS IN OUR AREAS OF INTEREST ARE LIMITED TO ORGANIZATIONS OPERATING IN THE FOLLOWING GEOGRAPHICAL AREAS: SANTA BARBARA, CA, AND LOVELAND, CO
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

AGUA FRIA FOOD AND CLOTHING BANK

405 E HARRISON DRIVE
AVONDALE,AZ85323 		NONE PC FAMILY SUPPORT SERVICES 7,500

ANGELS FOSTER CARE OF SANTA BARBARA

3905 STATE STREET STE 7-115
SANTA BARBARA,CA93105 		NONE PC YOUTH SUPPORT SERVICES 10,000

ASSISTANCE LEAGUE

1249 VERONICA SPRINGS ROAD
SANTA BARBARA,CA93105 		NONE PC YOUTH SUPPORT SERVICES 10,000

BOYS & GIRLS CLUB OF LARIMER COUNTY

103 SMOKEY STREET
FORT COLLINS,CO80525 		NONE PC YOUTH SUPPORT SERVICES 20,000

CANCER CENTER OF SANTA BARBARA

300 W PUEBLO STREET
SANTA BARBARA,CA93105 		NONE PC HUMAN HEALTH SERVICESTHE JULIE MAIN ENDOWMENT FUND 2,000

CASA OF LARIMER COUNTY

3105 E HARMONY ROAD
FORT COLLINS,CO80528 		NONE PC CHILD ABUSE TREATMENT AND PREVENTION 15,000

CASA OF SANTA BARBARA COUNTY

118 E FIGUEROA STREET
SANTA BARBARA,CA93101 		NONE PC CHILD ABUSE TREATMENT AND PREVENTION 15,000

CASA SERENA

1515 BATH STREET
SANTA BARBARA,CA93101 		NONE PC ALCOHOL AND DRUG RECOVERY SERVICES 35,000

CHILD ABUSE LISTENING MEDIATION

1236 CHAPALA STREET
SANTA BARBARA,CA93101 		NONE PC CHILD ABUSE TREATMENT AND PREVENTION 15,000

CITY OF GOODYEAR

190 N LITCHFIELD ROAD
GOODYEAR,AZ85338 		NONE PC SHOP WITH A COPPCPBC TOY DRIVE 10,000

COMMUNITY KITCHEN

816 CACIQUE STREET
SANTA BARBARA,CA93103 		NONE PC COMMUNITY SUPPORT SERVICES 7,500

COUNCIL ON ALCOHOLISM & DRUG ABUSE

232 E CANON PERDIDO STREET
SANTA BARBARA,CA93101 		NONE PC ALCOHOL AND DRUG RECOVERY SERVICES 25,000

DIRECT RELIEF

6100 WALLACE BECKNELL ROAD
SANTA BARBARA,CA93117 		NONE PC HURRICANE RELIEF FUND 10,000

DOMESTIC VIOLENCE SOLUTIONS

411 E CANON PERDIDO STREET STE 12
SANTA BARBARA,CA93101 		NONE PC FAMILY SUPPORT SERVICES 20,000

DREAM FOUNDATION

1528 CHAPALA STREET 304
SANTA BARBARA,CA93101 		NONE PC FLOWER EMPOWERFAMILY SUPPORT SERVICES 18,000

ELEVATIONS FOUNDATION (DBA LOCAL CHANGE FOUNDATION)

PO BOX 9004
BOULDER,CO80301 		NONE PC COMMUNITY SUPPORT SERVICES 20,000

FAMILY SERVICE AGENCY

123 W GUTIERREZ STREET
SANTA BARBARA,CA93101 		NONE PC FAMILY SUPPORT SERVICES 15,000

FOLDS OF HONOR FOUNDATION

9500 N 129TH E AVENUE STE 235
OWASSO,OK74055 		NONE PC FAMILY SUPPORT SERVICES 10,000

FOOD FROM THE HEART

PO BOX 3908
SANTA BARBARA,CA93130 		NONE PC FAMILY SUPPORT SERVICES 30,000

FOODBANK OF SANTA BARBARA

4554 HOLLISTER AVENUE
SANTA BARBARA,CA93110 		NONE PC FAMILY SUPPORT SERVICES 30,000

FOUNDATION FOR SBCCPROMISE

721 CLIFF DRIVE
SANTA BARBARA,CA93109 		NONE PC SANTA BARBARA CITY COLLEGE PROMISE PROGRAM 15,000

FOUNDATION FOR SBCCCARE

721 CLIFF DRIVE
SANTA BARBARA,CA93109 		NONE PC EDUCATION 20,000

GIRLS INC OF GREATER SANTA BARBARA

PO BOX 236
SANTA BARBARA,CA93102 		NONE PC YOUTH SUPPORT SERVICES 10,000

HABITAT FOR HUMANITY - SANTA BARBARA COUNTY

PO BOX 176
GOLETA,CA93116 		NONE PC FAMILY SUPPORT SERVICES 30,000

HABITAT FOR HUMANITY - LOVELAND

5250 GARFIELD N HIGHWAY 287
LOVELAND,CO80538 		NONE PC FAMILY SUPPORT SERVICES 15,000

HARMONY FOUNDATION INC

1600 FISH HATCHERY ROAD
ESTES PARK,CO80517 		NONE PC ALCOHOL AND DRUG RECOVERY SERVICES 15,000

HEARTS & HORSES

163 N COUNTY ROAD 29
LOVELAND,CO80537 		NONE PC DISABILITY SUPPORT SERVICES 5,000

HOSPICE OF SANTA BARBARA INC

2050 ALAMEDA PADRE SERRA STE 100
SANTA BARBARA,CA931031704 		NONE PC HUMAN HEALTH SERVICES 15,000

HOUSE OF NEIGHBORLY SERVICE

565 N CLEVELAND AVENUE
LOVELAND,CO80537 		NONE PC FAMILY SUPPORT SERVICES 20,000

KIDS PAK

PO BOX 2078
LOVELAND,CO80539 		NONE PC YOUTH SERVICES 25,000

LOVELAND FOOD BANK

5706 WRIGHT DRIVE
LOVELAND,CO80538 		NONE PC FAMILY SUPPORT SERVICES 30,000

MEALS ON WHEELS SANTA BARBARA

PO BOX 6099
SANTA BARBARA,CA931606099 		NONE PC FAMILY SUPPORT SERVICES 25,000

MEALS ON WHEELS LOVELAND & BERTHOUD

535 N DOUGLAS AVENUE
LOVELAND,CO80537 		NONE PC FAMILY SUPPORT SERVICES 25,000

MOXI THE WOLF MUSEUM OF EXPLORATION INNOVATION

125 STATE STREET
SANTA BARBARA,CA93101 		NONE PC GENERAL FUNDS 10,000

NEW BEGINNINGS COUNSELING CENTER

324 E CARRILLO STREET C
SANTA BARBARA,CA93101 		NONE PC COUNSELNG SERVICES 20,000

NEW HOUSE

2434 BATH STREET
SANTA BARBARA,CA93105 		NONE PC ALCOHOL AND DRUG RECOVERY SERVICES 25,000

ORGANIC SOUP KITCHEN

315 MEIGS ROAD STE A 369
SANTA BARBARA,CA93109 		NONE PC COMMUNITY SUPPORT SERVICES 10,000

PACIFIC PRIDE FOUNDATION

608 ANACAPA STREET STE A
SANTA BARBARA,CA93101 		NONE PC COMMUNITY SUPPORT SERVICES 15,000

PARTNERS IN HOUSING SOLUTIONS INC

210 E CLARK AVENUE
SANTA MARIA,CA93455 		NONE PC FAMILY SUPPORT SERVICES 15,000

POLICE ACTION LEAGUE (PAL)

222 E ANAPAMU STE 24
SANTA BARBARA,CA93190 		NONE PC YOUTH SUPPORT SERVICESGOLD SPONSORSHIP 30,000

PROJECT SELF-SUFFICIENCY

375 W 37TH STREET 150
LOVELAND,CO80538 		NONE PC FAMILY SUPPORT SERVICES 20,000

SALVATION ARMY OF LOVELAND

840 N LINCOLN AVENUE
LOVELAND,CO80537 		NONE PC HOMELESS SUPPORT SERVICES 15,000

SALVATION ARMY SANTA BARBARA

4849 HOLLISTER AVENUE
SANTA BARBARA,CA93111 		NONE PC HOMELESS SUPPORT SERVICES 28,500

SANTA BARBARA ATHLETIC ROUND TABLE

PO BOX 3813
SANTA BARBARA,CA93130 		NONE PC SPONSOR 2024-2025 LUNCHEON 5,000

SANTA BARBARA COTTAGE HOSPITAL FOUNDATION

PO BOX 689
SANTA BARBARA,CA93102 		NONE PC EDUCATIONNURSING BACHELORS DEGREE PROGRAM 42,000

SANTA BARBARA FOUNDATION

1111 CHAPALA STREET 200
SANTA BARBARA,CA93101 		NONE PC SAFETY AND SHELTER PROGRAM 60,000

SANTA BARBARA INTERNATIONAL FILM FESTIVAL

1528 CHAPALA STREET 203
SANTA BARBARA,CA93101 		NONE PC MUSIC AND THE ARTSMIKE'S FIELD TRIP TO THE MOVIES 5,000

SANTA BARBARA NEIGHBORHOOD CLINICS

414 EAST COTA STREET 1ST FLOOR
SANTA BARBARA,CA93101 		NONE PC HUMAN HEALTH SERVICES 30,000

SANTA BARBARA POLICE FOUNDATION

PO BOX 91929
SANTA BARBARA,CA93190 		NONE PC COMMUNITY SUPPORT SERVICES 10,000

SANTA BARBARA PUBLIC LIBRARY FOUNDATION

PO BOX 92137
SANTA BARBARA,CA93190 		NONE PC EDUCATION 10,000

SANTA BARBARA RESCUE MISSION

535 E YANONALI STREET
SANTA BARBARA,CA93103 		NONE PC ALCOHOL AND DRUG RECOVERY SERVICES 20,000

SANTA BARBARA YMCA

36 HITCHCOCK WAY
SANTA BARBARA,CA93105 		NONE PC RECREATION AND SPORTSSUMMER CAMP 5,000

SCHOLARSHIP FOUNDATION OF SANTA BARBARA

PO BOX 3620
SANTA BARBARA,CA93130 		NONE PC EDUCATION 15,000

ST MARY'S FOOD BANK

2831 N 31ST AVENUE
PHOENIX,AZ85009 		NONE PC FAMILY SUPPORT SERVICESWEST VALLEY SERVICE'S 19,000

STORYTELLER

2115 STATE STREET
SANTA BARBARA,CA93105 		NONE PC EDUCATION 20,000

THOMPSON EDUCATION FOUNDATION

800 S TAFT AVENUE
LOVELAND,CO80537 		NONE PC EDUCATIONTEF SCHOLARSHIPS 40,000

TRANSITION HOUSE

425 E COTA STREET
SANTA BARBARA,CA93101 		NONE PC FAMILY SUPPORT SERVICES 35,000

UCSB FOUNDATION

1210 CHEADLE HALL
SANTA BARBARA,CA93106 		NONE PC GUARDIAN SCHOLARS PROGRAM 10,000

UNITED BOYS & GIRLS CLUB OF SANTA BARBARA

PO BOX 1485
SANTA BARBARA,CA93102 		NONE PC YOUTH SUPPORT SERVICES 30,000

UNITED WAY OF SANTA BARBARA

320 E GUTIERREZ STREET
SANTA BARBARA,CA93101 		NONE PC COMMUNITY SUPPORT SERVICESFUN IN THE SUN PROGRAM 25,000

UNITY SHOPPE INC

1401 CHAPALA STREET
SANTA BARBARA,CA93101 		NONE PC FAMILY SUPPORT SERVICES 55,000

VITAMIN ANGELS

6500 HOLLISTER AVENUE STE 130
GOLETA,CA93117 		NONE PC HUMAN HEALTH SERVICES 10,000

WOMEN'S ECONOMIC VENTURES

21 EAST CANON PERDIDO STREET STE
301
SANTA BARBARA,CA93101 		NONE PC COMMUNITY SUPPORT SERVICES 23,500

YOUNG LIFE

123 W PADRE STREET 3
SANTA BARBARA,CA93105 		NONE PC YOUTH SUPPORT SERVICES 5,000

AMERICAN RED CROSS

431 18TH STREET NW
WASHINGTON,DC200065310 		NONE PC HURRICANE RELIEF FUND 10,000

ARIZONA DESERT ELEMENTARY SCHOOL

8803 W VAN BUREN STREET
TOLLESON,AZ83353 		NONE PC EDUCATION 1,000

FRIENDSHIP ADULT DAY CARE

89 EUCALYPTUS LANE
SANTA BARBARA,CA93108 		NONE PC HUMAN HEALTH SERVICES 5,000

LITTLE STAR PONY FOUNDATION

1036 ARBOLADO ROAD
SANTA BARBARA,CA93103 		NONE PC PONY VISIT FOR SPECIAL CHILDEN AND SENIORS IN NEED 1,000

THE MATTHEWS HOUSE

415 MASON COURT 1
FORT COLLINS,CO80524 		NONE PC COMMUNITY SUPPORT SERVICES 25,000
Total .................................right arrow 3a 1,280,000
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 13,632  
4 Dividends and interest from securities ....     14 612,886  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     15 -11,943  
6 Net rental income or (loss) from personal property          
7 Other investment income ..... 523000 31,099 01 1,803  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,055,780  
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) .. 31,099 2,672,158 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,703,257
(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:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 54,794 38,356   16,438

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

TY 2024 DepreciationSchedule
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
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
BUILDING 2001-12-20 752,332 400,437 SL 39.000000000000 19,291 0    
LAND 2001-12-20 112,418   L   0 0    
FMV IN EXCESS OF BASIS 2001-12-20 60,000   L   0 0    
FOUNDATION OFFICE CHAIRS 2004-02-17 3,507 3,507 200DB 7.000000000000 0 0    
CONFERENCE TABLE 2004-02-24 4,254 4,254 200DB 7.000000000000 0 0    
OFFICE FURNITURE 2005-10-27 2,353 2,287 200DB 7.000000000000 0 0    
OFFICE FURNITURE 2006-04-30 1,540 1,540 200DB 7.000000000000 0 0    
HP LASER JET P3015 2011-01-03 795 795 SL 5.000000000000 0 0    
HP LASER JET P3015 2011-06-30 630 630 SL 5.000000000000 0 0    
BUILDING REMODEL 2012-07-01 892,939 263,304 SL 39.000000000000 22,896 0    
DESK 2012-01-25 10,364 10,364 SL 5.000000000000 0 0    
BUILDING REMODEL 2013-07-01 30,678 8,263 SL 39.000000000000 787 0    
REMOVABLE WALL 2013-07-01 19,855 13,902 SL 15.000000000000 1,324 0    
BUILDING REMODEL 2015-07-01 51,305 11,186 SL 39.000000000000 1,316 0    
BUILDING 2001-12-20 335,168 195,582 SL 39.000000000000 8,594 0    
LAND 2001-12-20 50,082   L   0 0    
ELECTRICAL RECONFIGURATION 2014-09-30 5,512 1,304 SL 39.000000000000 141 0    
DELL OFFICE COMPUTER 2014-12-15 2,594 2,594 SL 5.000000000000 0 0    
COPIER 2014-06-06 1,101 1,101 SL 5.000000000000 0 0    
KEYLESS LOCKING SYSTEM 2016-07-12 8,334 4,170 SL 15.000000000000 556 0    
BUILDING REMODEL 2016-11-09 19,546 3,591 SL 39.000000000000 501 0    
HID ACCESS CONTROL SYSTEM 2018-04-05 10,390 3,985 SL 15.000000000000 693 0    
CARPET 2018-03-19 2,560 2,560 SL 5.000000000000 0 0    
MAILBOX 2018-11-29 10,938 10,938 SL 5.000000000000 0 0    
ROOF 2019-09-17 35,443 3,863 SL 39.000000000000 909 0    
AIR CONDITIONING UNITS 2019-09-18 46,845 13,273 SL 15.000000000000 3,123 0    

TY 2024 GeneralExplanationAttachment
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Identifier Return Reference Explanation
PART VII-B, LINE 1A(3): FORM 990-PF THE FOUNDATION UTILIZES THE SERVICES OF THE CPA FIRM H&B FOR TAX RETURN AND ACCOUNTING SERVICES; MS. MACAULAY IS A PARTNER OF THE ACCOUNTING FIRM AND A TREASURER OF THE FOUNDATION. FOR THESE SERVICES THE FOUNDATION PAYS THE USUAL AND CUSTOMARY FEES AS BILLED TO IT BY THIS ENTITY.

TY 2024 InvestmentsLandSchedule2
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING 608,290 335,437 272,853 513,774
LAND 115,700 0 115,700 217,859
REMODEL 571,369 175,914 395,455 744,630
FURNITURE AND FIXTURES 32,291 24,676 7,615 7,615

TY 2024 InvestmentsOtherSchedule2
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
NORTHERN TRUST #4797 AT COST 3,834,428 4,243,965
NORTHERN TRUST - HEDGE FUNDS AT COST 1,000,000 1,274,307
NORTHERN TRUST - PRIVATE EQUITY FUND III AT COST 40,701 148,729
NORTHERN TRUST - PRIVATE EQUITY CORE FUND VI AT COST 1,212,069 2,427,047
MINERAL INTEREST - WATERFLOOD AT COST 8,609 10,025
MINERAL INTEREST - ACKMAN AT COST 327 360
GOLDMAN SACHS #7660 AT COST 532,119 734,596
GOLDMAN SACHS #8452 AT COST 3,428,687 6,676,731
GOLDMAN SACHS #8718 AT COST 2,426,721 2,342,491
MONTECITO BANK & TRUST #8459-00 AT COST 2,140,586 3,413,642
MONTECITO BANK & TRUST #8459-01 AT COST 1,552,264 1,496,547
GOLDMAN SACHS #9921 AT COST 625,807 850,693
GOLDMAN SACHS #7347 AT COST 531,674 594,641
GOLDMAN SACHS #3121 AT COST 1,344 0
NORTHERN TRUST - REAL ESTATE FUNDS AT COST 568,810 571,769
NORTHERN TRUST - FIXED INCOME AT COST 400,446 396,427
NORTHERN TRUST- PRIVATE EQUITY STRATEGIC OPPORTUNITIES FUND IV (OFFSHORE), L AT COST 625,310 901,663
GOLDMAN SACHS #8452 - PARNASSUS CORE EQUITY AT COST 477,728 488,890
MFB NORTHERN FDS U.S. QUALITY ESG FUND AT COST 543,686 683,294
NORTHERN TRUST- WM ALTERNATIVES TPG RISE CLIMATE ONSHORE FEEDER FUND AT COST 518,671 668,005

TY 2024 LandEtcSchedule2
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
FURNITURE AND FIXTURES 46,924 40,524 6,400 6,400
REMODEL 428,611 137,375 291,236 548,387
BUILDING 561,498 309,635 251,863 474,249
LAND 106,800 0 106,800 201,101


TY 2024 OtherAssetsSchedule
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
OTHER RECEIVABLES 0 1,485 1,485


TY 2024 OtherExpensesSchedule
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 12,656 3,635   7,970
AUTO EXPENSE 886 443   443
MISCELLANEOUS INVESTMENT EXPENSES 21,719 21,719   0
OFFICE EXPENSE 2,531 1,266   1,265
RENTAL EXPENSES 36,812 36,812   0
PARTNERSHIP PASSTHROUGH - NON-DEDUCTIBLE EXPENSES 1,788 0   0
PARTNERSHIP PASSTHROUGH - EXPENSES 1,743 1,743   0


TY 2024 OtherIncomeSchedule2
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS INCOME 1,803 1,803 1,803
PARTNERSHIP UNRELATED BUSINESS INCOME/LOSS 31,099 0 31,099


TY 2024 OtherLiabilitiesSchedule
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSITS 3,000 3,000
PAYROLL TAXES PAYABLE 5,817 6,010


TY 2024 OtherProfessionalFeesSchedule
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISOR FEES 286,419 286,419   0
CONSULTING 1,600 425   1,175


TY 2024 TaxesSchedule
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FILING FEES 200 0   200
PAYROLL TAXES 9,324 3,830   5,494
REAL ESTATE TAXES 11,601 5,800   5,801
FOREIGN TAXES ON INVESTMENT INCOME 4,186 4,186   0
MINERAL TAX 160 160   0
CALIFORNIA UBIT 11,642 0   0
FEDERAL TAX 38,000 0   0