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
Klaff Family Foundation
c/o Rita Sawyer
% RITA SAWYER
Number and street (or P.O. box number if mail is not delivered to street address)200 N Lasalle Street Suite 2370
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chicago, IL60601
A Employer identification number

61-1480716
B Telephone number (see instructions)

(312) 360-1234
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$296,478,854J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,203,253 2,203,253  
4 Dividends and interest from securities... 6,590,941 6,590,941  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,770,510
b Gross sales price for all assets on line 6a 12,748,744
7 Capital gain net income (from Part IV, line 2)... 660,634
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
4,121,747 3,790,035  
12 Total. Add lines 1 through 11........ 11,145,431 13,244,863  
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)......... 20,589 20,589    
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... 2,249,074 2,199,074   50,000
17 Interest............... 490,069 490,069    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
195,708 5,708    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 137      
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
729,837 727,598    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,685,414 3,443,038   50,000
25 Contributions, gifts, grants paid....... 15,566,050 15,566,050
26 Total expenses and disbursements. Add lines 24 and 25 19,251,464 3,443,038   15,616,050
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -8,106,033
b Net investment income (if negative, enter -0-) 9,801,825
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............. 339,799 268,100 268,100
2 Savings and temporary cash investments......... 3,562,840 2,277,765 2,277,765
3 Accounts receivable right arrow0
Less: allowance for doubtful accounts right arrow   284,604 0 0
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.......... 0 1,524 1,524
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 52,988,525 Click to see attachment
List of Attached Documents:
// Content
59,455,888 		212,980,161
c Investments—corporate bonds (attach schedule).......      
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).......... 165,321,333 Click to see attachment
List of Attached Documents:
// Content
161,160,891 		80,840,394
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
30,558 		Click to see attachment
List of Attached Documents:
// Content
110,910 		Click to see attachment
List of Attached Documents:
// Content
110,910
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 222,527,659 223,275,078 296,478,854
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
0 		Click to see attachment
List of Attached Documents:
// Content
4,879,664
23 Total liabilities (add lines 17 through 22)......... 0 4,879,664
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........... 222,527,659 218,395,414
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    
29 Total net assets or fund balances (see instructions)..... 222,527,659 218,395,414
30 Total liabilities and net assets/fund balances (see instructions). 222,527,659 223,275,078
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
222,527,659
2
Enter amount from Part I, line 27a .....................
2
-8,106,033
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,007,936
4
Add lines 1, 2, and 3 ..........................
4
218,429,562
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
34,148
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
218,395,414
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 STCG FROM PASS-THROUGH ENTITIES      
b LTCG FROM PASS-THROUGH ENTITIES      
c SCHWAB #1099 STNC - SEE ATTACHED      
d SCHWAB #1099 LTNC - SEE ATTACHED      
e FIDELITY #1098 STC - SEE ATTACHED      
FIDELITY #1098 LTC - SEE ATTACHED      
FIDELITY #0807 STC - SEE ATTACHED      
FIDELITY #0807 LTC - SEE ATTACHED      
MERRILL #2869 STC - SEE ATTACHED      
MERRILL #2869 LTC - SEE ATTACHED      
INTERACTIVE BROKERS #6821 STC - SEE ATTACHED      
MERRILL #2869 STNC - SEE ATTACHED      
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN 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 79,206     79,206
b 0   224,687 -224,687
c     49,804 -49,804
d 111,270     111,270
e 5,173,718   4,831,853 341,865
3,872,019   3,756,157 115,862
972,070   945,893 26,177
511,022   504,877 6,145
1,193,482   1,086,360 107,122
312,374   311,459 915
330,933   272,118 58,815
383,125   298,916 84,125
      3,623
      3,623
      3,623
      3,623
      3,623
      3,623
      3,623
      3,623
      3,623
      3,623
      3,623
      3,623
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       79,206
b       -224,687
c       -49,804
d       111,270
e       341,865
      115,862
      26,177
      6,145
      107,122
      915
      58,815
      84,209
       
       
       
       
       
       
       
       
       
       
       
       
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 2 660,634
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) 1 136,245
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........................... 3 136,245
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- ..... 5 136,245
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 306,310
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 306,310
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 170,065
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow170,065 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? Click to see list of attachments
List of Attached Documents:
// Content
....................
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 changesClick to see list of attachments
List of Attached Documents:
// Content
....
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.Click to see list of attachments
List of Attached Documents:
// Content
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 arrowIL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowRITA SAWYER Telephone no.right arrow (312) 360-1234

Located atright arrow200 N LASALLE STREET STE 2370ChicagoIL ZIP+4right arrow60601
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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowCJ, VI
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
Hersch M Klaff Director
1.0 		0 0 0
200 N Lasalle Street
Chicago,IL60601
Avril M Klaff Director
0 		0 0 0
200 N Lasalle Street
Chicago,IL60601
Daniel Klaff Director
1.0 		0 0 0
200 N Lasalle Street
Chicago,IL60601
Marissa Klaff Director
1.0 		0 0 0
200 N Lasalle Street
Chicago,IL60601
Zara Klaff Director
1.0 		0 0 0
200 N Lasalle Street
Chicago,IL60601
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
 
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
194,975,744
b
Average of monthly cash balances.......................
1b
5,368,423
c
Fair market value of all other assets (see instructions)................
1c
112,903,481
d
Total (add lines 1a, b, and c).........................
1d
313,247,648
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
313,247,648
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
4,698,715
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
308,548,933
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
15,427,447
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
15,427,447
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
136,245
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
136,245
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
15,291,202
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
15,291,202
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
15,291,202
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
15,616,050
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
15,616,050
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 15,291,202
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 14,923,606
b Total for prior years:2022, 2021, 2020  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 15,616,050
a Applied to 2023, but not more than line 2a 14,923,606
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..... 692,444
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 .......... 		 
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 .......... 		14,598,758
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).)
HERSCH M KLAFF
AVRIL R KLAFF
DANIEL KLAFF
MARISSA KLAFF
ZARA KLAFF
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

American Endowment Foundation

5700 Darrow Rd Suite 118
Hudson,OH44236 		None PC General 9,462,433

American Jewish Committee

165 E 56th St 2nd Floor
New York,NY10022 		None PC General 18,000

American Committee for Shaare Zedek Medical Center

1040 Avenue of the Americas 23rd Fl
New York,NY10018 		None PC General 10,300

American Friends of Beit Issie Shapiro

25 W 45th Street Suite 1405
New York,NY10036 		None PC General 10,000

An Achievable Dream Inc

10858 Warwick Blvd Suite A
Newport News,VA23601 		None PC General 10,000

American Society for the Prevention of Cruelty

424 E 92nd St
New York,NY101286804 		None PC General 1,000

Bideawee

152 W 24th St
New York,NY10011 		None PC General 15,000

Chabad of Glencoe

976 Oak Dr
Glencoe,IL60022 		None PC General 36,000

Chabad of Wilmette Center for Jewish Life and Lear

29054 Old Glenview Road
Wilmette,IL60091 		None PC General 185

Challenge Athletes Foundation

9591 Waples St
San Diego,CA92121 		None PC General 100,000

ChiArts

2714 W Augusta Blvd
Chicago,IL60622 		None PC General 10,000

Chicago Botanic Gardens

1000 Lake Cook Road
Glencoe,IL60022 		None PC General 5,500

Chicago Jesuit Academy

5058 W Jackson Blvd
Chicago,IL60644 		None PC General 110,000

City of Hope

1500 E Duarte Road
Duarte,CA91010 		None PC General 5,000

Comic Relief Inc

120 Broadway 22nd Floor
New York,NY10271 		None PC General 2,500

Crohn's & Colitis Foundation

733 Third Ave Suite 510
New York,NY10017 		None PC General 5,000

Daniel Murphy Scholarship Fund

309 W Washington Suite 700
Chicago,IL60606 		None PC General 10,000

First Tee Greater Chicago

3701 N Recreation Drive Suite 2
Chicago,IL60613 		None PC General 5,000

Fractured Atlas Inc

228 Park Ave S 56651
New York,NY100031502 		None PC General 130,000

Friends of Blue and White

401 B Street Suite 1200
San Diego,CA92101 		None PC General 30,000

Friends of Glencoe Golf Club

621 Westly Road
Glencoe,IL60022 		None PC General 50,000

Friends of United Hatzalah (Eli Beer)

442 5th Avenue Suite 1866
New York,NY10018 		None PC General 180,000

Friends of Yad LaKashihLifeline for the Old

PO Box 494
Englewood,NJ07631 		None PC General 18,000

Fundacion Escuela Integral Hebreo Urugaya

3250 NE 188th Ave Unit 204
Aventura,FL33180 		None PC General 333,333

Fundacion Tzedaka USA Inc

18201 Collins Ave Unit 1902
Miami,FL33160 		None PC General 250,000

Gavin Farrell Foundation

140 W 79th PHB
New York,NY10024 		None PC General 1,000

Greater Chicago Food Depository

4100 Ann Lurie Place
Chicago,IL60632 		None PC General 10,000

Grinspoon Hillel at Cornell

PO Box 4150
Ithaca,NY148524150 		None PC General 25,000

Hawaii Army Museum Society

PO Box 8064
Honolulu,HI968300064 		None PC General 1,021

HelpArgentina (PILAS)

16 East 96th Street 4B
New York,NY10128 		None PC General 250,000

HelpArgentina (PILAS) (DAIA)

16 East 96th Street 4B
New York,NY10128 		None PC General 125,000

Highland Park Community Foundation

PO Box 398
Highland Park,IL60035 		None PC General 10,000

Hillel International

800 Eighth Street NW
Washington,DC20001 		None PC General 100,000

Israel Cancer Research Fund

52 Vanderbilt Ave Ste 1510
New York,NY10017 		None PC General 18,000

JBI International (Jewish Braille Institute)

110 E 30th Street
New York,NY10543 		None PC General 100,000

JCC Chicago

300 Revere Dr
Northbrook,IL60062 		None PC General 1,299,998

Jewish Community Foundation San Diego

4950 Murphy Canyon Rd
San Diego,CA92123 		None PC General 33,487

Jewish National Fund - USA

42 E 69th Street
New York,NY10021 		None PC General 333,000

Jewish United Fund

30 S Wells Street
Chicago,IL60606 		None PC General 412,500

Jewish Women's Foundation

30 S Wells Street 3rd Floor
Chicago,IL60606 		None PC General 2,000

Joffrey Ballet

10 E Randolph St
Chicago,IL60601 		None PC General 3,000

Johannesburg Jewish Helping Hand - US

209 E Liberty Dr
Wheaton,IL60187 		None PC General 702,500

JTA (Jewish Telegraphic Agency)

520 Eighth Ave 4th Floor
New York,NY10018 		None PC General 18,000

Lambs Farm

14245 W Rockland Road
Libertyville,IL60048 		None PC General 10,000

Los Angeles Jewish Health

7150 Tampa Ave
Reseda,CA91335 		None PC General 10,000

Machne Israel Inc (Chabad of Kaunas)

770 Eastern Parkway
Brooklyn,NY11213 		None PC General 18,000

Mercy Ships

PO Box 1930
Lindale,TX75771 		None PC General 10,000

Michael J Fox Foundation for Parkinson's Research

Grand Central Station PO Box 4777
New York,NY10163 		None PC General 5,000

Nami Chicago

1801 W Warner Ave
Chicago,IL60613 		None PC General 10,000

Neighbors Together

2914 W Fulton Street
Brooklyn,NY11233 		None PC General 150

Northwestern University

1201 Davis Street
Evanston,IL60208 		None PC General 10,000

Rabinnical College of Telshe Inc (Telshe Yeshiva)

28400 Euclid Ave
Wickliffe,OH44092 		None PC General 18,000

Ravinia Festival

418 Sheridan Road
Highland Park,IL60035 		None PC General 15,000

Southeastern Guide Dogs Inc

4210 77th Street East Palmetto
Palmetto,FL34221 		None PC General 15,000

Start Early

33 W Monroe Street Suite 1200
Chicago,IL60603 		None PC General 833,333

The Ark

3100 Dundee Rd Suite 802
Northbrook,IL60062 		None PC General 10,000

The Chicago High School for the Arts (ChiArts)

2714 W Augusta Blvd
Chicago,IL60622 		None PC General 10,000

The Fresh Air Fund

633 Third Avenue 14th Floor
New York,NY10017 		None PC General 10,000

Thresholds

4101 N Ravenswood Ave
Chicago,IL60613 		None PC General 50,000

UCLA Foundation

10889 Wilshire Boulevard Suite 1000
Los Angeles,CA90024 		None PC General 10,000

UJA Federation of New York

130 East 59th Street
New York,NY10022 		None PC General 16,750

Walk With Me (Network for Good)

13070 Callae Drive
Conifer,CO80433 		None PC General 1,000

West Point Jewish Chapel Fund Inc

1010 Northern Blvd Suite 400
Great Neck,NY11021 		None PC General 100,000

Wolcott School

524 North Wolcott Ave
Chicago,IL60622 		None PC General 50,000

Writers Theatre

325 Tudor Court
Glencoe,IL60022 		None PC General 2,000

WTTW

5400 N St Louis Ave
Chicago,IL60625 		None PC General 100,000
Total .................................right arrow 3a 15,565,990
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 2,203,253  
4 Dividends and interest from securities ....     14 6,590,941  
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 ..... 523000   14 4,121,747  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -1,770,510  
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) ..   11,145,431  
13Total. Add line 12, columns (b), (d), and (e)..................
13
11,145,431
(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


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Form 990PF - Special Condition Description:
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TY 2024 DepreciationSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 InvestmentsCorpStockSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Name of Stock End of Year Book Value End of Year Fair Market Value
GOLUB CAPITAL PARTNERS INT 11 175,883 267,785
LAKE SHORE III CORPORATION 16,129 38,226
HPS MEZZ INVESTORS III 188,965 557,821
GOLUB CAPITAL PARTNERS INT II 589,028 675,005
GOLUB CAPITAL PARTNERS INT 12 552,325 694,374
FIDELITY INVESTMENTS 12,841,483 12,422,749
RIVERS INVESTMENTS 4,876,645 6,511,171
ATLAS SPACE OPERATIONS INC 281,788 452,225
AFRESH TECHNOLOGIES, INC. 137,496 137,496
MXP PRIME PLATFORM FKA ELEVATE 281,775 1
ENERGY VAULT HOLDINGS, INC 200,000 45,600
GO(FKA FRANK INNOVATIONS,INC.) 250,000 90,461
GROVARA INC 250,000 125,000
TZERO GROUP, INC. 500,000 500,000
MORGAN STANLEY (ACI SHARES) 8,397,745 158,259,925
MERRILL LYNCH INVESTMENTS 2,609,302 2,559,684
RVP INVESTMENTS (FIDELITY) 4,452,200 4,809,317
M SQUARE FUND LTD 21,731,716 23,593,535
V3 REALTY PARTNERS OFFSHORE LT 0 0
GIRAFFE BIOENERGY LTD (CONV N) 56,411 56,411
KALAKAU AVENUE (INT BROKERS) 1,066,997 1,183,375

TY 2024 InvestmentsOtherSchedule2
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
2050 GF INNOVA HOLDINGS, LLC FMV 253,225 250,000
CERBERUS SUPPLY CHAIN FUND, LP FMV 217,002 466,521
PATENT CAPITAL LLC FMV 29,661 28,928
PET CARE INNOVATIONS LLC FMV 200,000 200,000
PETRUS LAND INVESTORS I, LP FMV 0 0
PETRUS LAND INVESTORS II, LP FMV 72,686 70,950
ROUNDTABLE HEALTHCARE III FMV 477,614 439,142
DEERPATH CAP ADVANTAGE IV FMV 986,458 969,370
VALOR EQUITY PARTNERS II LP FMV 0 0
COMMUNITY FINANCIAL FMV 612,224 700,870
INTEGRATED FUNDING LLC FMV 437,240 407,240
CRESCENT COVE CAPITAL II LP FMV 104,810 239,943
UPPER90 OCTANE LLC FMV 2,558 49,038
SILVER POINT SPECIALTY CREDIT FMV 4,175,880 4,022,132
HYDE PARK VENTURE PARTNERS FUN FMV 546,289 504,744
CRESENT COVE CAPITAL FUND B FMV 3,182,655 3,665,833
RE-SOURCING SPV FMV 74,872 104,630
CRH WHISHA, LLC FMV 642,857 642,857
FH GP FUND I (FKA MBM) FMV 429,957 553,389
CIBC INVESTMENTS (SCHWAB) FMV 1,109,790 1,762,258
FM CIVAN INVESTMENT II LP FMV 248,447 296,221
FORTRESS CREDIT OPPORTUNTIES F FMV 2,028,605 2,065,127
UPPER90 FUND II LP FMV 1,231,082 1,227,709
ABS KLAFF EQUITY LLC FMV 0 0
ABS OPPORTUNITIES LLC FMV 31,451,617 5,191,652
A-S KLAFF OPPORTUNITIES LLC FMV 32,078,728 5,489,504
BRYANSTON OPPORTUNITES LLC FMV 9,014,546 1,431,120
K-SATURN OPPORTUNITIES LLC FMV 31,343,880 5,673,466
OAKTREE OPPORTUNITIES FUND XI FMV 2,244,143 4,471,740
SILVER POINT CAPITAL OFFSHORE FMV 3,601,475 5,264,894
BOREALIS STRATEGIC CAP PARTNER FMV 209,722 551,836
HPS CORE SR LENDING OFFSHORE F FMV 1,141,515 1,139,433
HERON ROCK ACCESS J3 LP FMV 200,000 377,600
INTRINSIC EDGE CAPTURE OFFSHOR FMV 3,241,898 4,176,243
HOMETEAM VENTURES FUND I, LP FMV 109,648 115,227
GOLUB GEMS FUND 5 INTERNATIONA FMV 2,732,751 3,175,000
SYNTERRA SPECIAL OPPORTUNITIES FMV 510,228 504,241
Y-BRUSH (AKA FASTEESH) FMV 261,612 258,804
UNIVERSAL PARTNERS LTD FMV 223,927 213,003
OCTOBER HEALTH LTD (FKA PANDA) FMV 243,610 316,612
UPL (GLENROCK LUX) LP - GRPE1 FMV 1,342,302 1,079,940
PARAFI DIGITAL OPPORTUNITIES I FMV 1,415,764 964,803
STORELIFT FMV 0 0
SB INVESTMENT GROUP LLC FMV 250,499 37,811
UPL (GLENROCK LUX) LP - GRPE2 FMV 1,286,337 1,075,463
GIRAFFE BIOENERGY LTD FMV 50,000 50,000
PAXIS KEY FOCUS FUND LLC FMV 548,674 704,764
JSA NEWCO LTD (CO-INVESTMENT) FMV 1,437,467 1,745,333
K-SATURN LLC FMV 0 0
A-S KLAFF EQUITY LLC FMV 0 0
SPIRAL SUN FUND II LP FMV 101,343 153,427
SLOPE FUND I, LP FMV 130,390 134,350
LATITUDE X, LP - MONZO I FMV 293,052 342,072
BUNDLAR, LLC FMV 100,000 25,000
UV ANGEL (UV PARTNERS INC.) FMV 250,000 250,000
LEAP SERVICES INC. FMV 99,978 48,539
CAPEVIN (FKA DISTELL GROUP) FMV 76,328 250,000
BREEDR LTD (CONV NOTE) FMV 119,806 176,511
NLCP HOLDINGS LP FMV 16,260 3,157
BREEDR LTD (LOAN) FMV 0 0
SENTINEL I JUNIOR CAPITAL II FMV 798,029 775,281
MARBLE I SAS FMV 93,827 113,877
RAIL-SPLITTER MICRO-CAP REBOUN FMV 925,668 1,092,884
FS TACTICAL OPPORTUNITIES A FMV 955,927 1,083,194
VALOR EQUITY PARTNERS VI-B FMV 1,119,811 1,665,243
ELSTON CREDIT FUND LLC FMV 2,500,187 2,500,000
OAKTREE FUND XI AIV CAYMAN FMV 1,990,857 0
OAKTREE FUND XI AIV DELAWARE FMV 8,427 0
INTRINSIC EDGE PLUS OFFSHORE FMV 0 0
ARENA SPECIAL OPPS CAYMAN FMV 2,152,571 2,145,611
TCI REAL ESTATE PARTNERS IV FMV 1,322,604 1,322,900
JAPANESE YEN AT COST 0 0
GLENROCK INTERNATIONAL 2 SARL FMV 1,112,250 1,112,250
KLAFF FOUNDATION INVS PTY LTD   263,978 263,978
DAISY INC. FMV 250,000 250,000
HYDE PARK VENTURE PARTNERS IV FMV 216,647 211,782
TORCH CAPITAL III LP FMV 14,431 42,041
JU-1214 FUND VI FMV 46,961 14,431
LUBERT-ADLER GH FUND FMV 742,424 685,599
LUBERT-ADLER ENHANCED PRIV FMV 1,049,458 1,015,987
MGG STRUCTURED SOLUTIONS II FMV 169,959 174,936
LB III LP FMV 88,701 87,703
V3 FINAL SPV LP AIV FMV 48,946 57,232
AWARDSPRING EQUITY FMV 100,000 100,000
NEW VINGTAGE PARTNERS FUND I FMV 474,386 492,374
BREEDR IMPACT #2 FMV 375,930 377,644
ATLAS SPACE OPERATIONS LOAN FMV 1,147,500 1,147,500
ODEN TECHNOLOGIES - WARRANTS FMV 0 49,500

TY 2024 OtherAssetsSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DISTRIBUTION RECEIVABLE 30,558 110,910 110,910


TY 2024 OtherDecreasesSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Description Amount
PRIOR PERIOD ADJUSTMENTS 34,148


TY 2024 OtherExpensesSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LICENSES 10 10    
POSTAGE 26 26    
MISCELLANEOUS 4,429 2,190    
FOREIGN TAX PAID 2,237 2,237    
OTHER PORTFOLIO DEDUCTIONS 66,089 66,089    
OTHER PORTFOLIO DEDUCTIONS 2% 655,241 655,241    
BANK FEES 1,805 1,805    


TY 2024 OtherIncomeSchedule2
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Ordinary Business Income 3,939,722 3,939,722  
Royalties 937 937  
Section 1231 Gain/Loss 18,380 18,380  
Other Income 160,810 160,810  
Section 1256 Gain/Loss 23,426 23,426  
Rental Real Estate Income/Loss -70,539 -70,539  
Section 988 Gain/Loss 49,011 49,011  
UBTI taxed on 990-T 0 -331,712  


TY 2024 OtherIncreasesSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Description Amount
TAX EXEMPT INTEREST INCOME 296
UNREALIZED GAIN/LOSS 4,007,640


TY 2024 OtherLiabilitiesSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Description Beginning of Year - Book Value End of Year - Book Value
MS LOC (LINE OF CREDIT - DONATIONS) 0 4,879,664


TY 2024 TaxesSchedule
Name:
Klaff Family Foundation
 
c/o Rita Sawyer
EIN:
61-1480716
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL INCOME TAX 190,000      
STATE INCOME TAX 5,708 5,708