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
WILLIAM S PALEY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)3630 HILL BLVD STE 202
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
JEFFERSON VALLEY, NY10535
A Employer identification number

13-6085929
B Telephone number (see instructions)

(914) 769-5005
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$178,754,577J 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 133,323 133,323  
4 Dividends and interest from securities... 2,482,776 2,482,776  
5a Gross rents............ 874,070 874,070  
b Net rental income or (loss) 92,467
6a Net gain or (loss) from sale of assets not on line 10 3,796,810
b Gross sales price for all assets on line 6a 10,669,149
7 Capital gain net income (from Part IV, line 2)... 3,796,810
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
4,096,444 4,088,412  
12 Total. Add lines 1 through 11........ 11,383,423 11,375,391  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 188,726 94,363   94,363
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
40,437 4,044   22,086
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
159,850 15,985   155,937
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,649,973 1,627,223   25,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
321,560 67,946   6,088
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
183,224    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 5,590     4,581
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
798,469 782,076   13,033
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,347,829 2,591,637   321,088
25 Contributions, gifts, grants paid....... 5,660,261 8,239,939
26 Total expenses and disbursements. Add lines 24 and 25 9,008,090 2,591,637   8,561,027
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,375,333
b Net investment income (if negative, enter -0-) 8,783,754
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............. 346,350 321,999 321,999
2 Savings and temporary cash investments......... 39,984,868 7,807,378 7,807,378
3 Accounts receivable right arrow8,618,787
Less: allowance for doubtful accounts right arrow   366,347 8,618,787 8,618,787
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.......... 15,436 9,274 9,274
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 49,855,146 Click to see attachment
List of Attached Documents:
// Content
69,430,470 		69,430,470
c Investments—corporate bonds (attach schedule)....... 21,704,397 Click to see attachment
List of Attached Documents:
// Content
24,931,601 		24,931,601
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).......... 45,799,940 Click to see attachment
List of Attached Documents:
// Content
56,935,068 		56,935,068
14 Land, buildings, and equipment: basis right arrow11,595,426
Less: accumulated depreciation (attach schedule) right arrow1,989,756 7,164,505 Click to see attachment
List of Attached Documents:
// Content
9,605,670 		10,700,000
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 165,236,989 177,660,247 178,754,577
Liabilities 17 Accounts payable and accrued expenses.......... 728,708 614,253
18 Grants payable................. 6,291,720 3,712,042
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
82,515,785 		Click to see attachment
List of Attached Documents:
// Content
92,450,752
23 Total liabilities (add lines 17 through 22)......... 89,536,213 96,777,047
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........... 75,700,776 80,883,200
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)..... 75,700,776 80,883,200
30 Total liabilities and net assets/fund balances (see instructions). 165,236,989 177,660,247
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
75,700,776
2
Enter amount from Part I, line 27a .....................
2
2,375,333
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
12,596,574
4
Add lines 1, 2, and 3 ..........................
4
90,672,683
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
9,789,483
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
80,883,200
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 ARTWORK - NU COUSHE P 1990-10-26 2024-04-25
b 35 ABBOTT LABORATORIES P 2023-01-01 2024-12-31
c 1168 ALCON INC P 2023-01-01 2024-12-31
d 374 ALPHABET INC-CL C P 2023-01-01 2024-12-31
e 16 AMAZON.COM INC P 2024-01-01 2024-12-31
990 ARTHUR J GALLAGHER & CO P 2023-01-01 2024-12-31
312 ASPEN TECHNOLOGY INC P 2024-01-01 2024-12-31
-9 AUTOMATIC DATA PROCESSING P 2024-01-01 2024-12-31
808 BERKSHIRE HATHAWAY INC-CL B P 2023-01-01 2024-12-31
9230.193 BLACKROCK II-FLOAT RAT-K P 2023-01-01 2024-12-31
540.541 BLCKRCK HI YLD BND FUND-K P 2024-01-01 2024-12-31
36 BOOKING HOLDINGS INC P 2023-01-01 2024-12-31
1986 CAPITAL ONE FINANCIAL CORP P 2023-01-01 2024-12-31
16450 CARMAX INC P 2023-01-01 2024-12-31
5648 COPART INC P 2023-01-01 2024-12-31
32 COSTCO WHOLESALE CORP P 2023-01-01 2024-12-31
1578 DIAGEO PLC-SPONSORED ADR P 2023-01-01 2024-12-31
1 HEICO CORP-CLASS A P 2024-01-01 2024-12-31
1857 ISHARES 20+ YEAR TREASURY BD P 2023-01-01 2024-12-31
-588 ISHARES 3-7 YEAR TREASURY BO P 2023-01-01 2024-12-31
4333 ISHARES 7-10 YEAR TREASURY B P 2023-01-01 2024-12-31
2214 ISHARES JP MORGAN USD EMERGI P 2024-01-01 2024-12-31
3150 ISHARES MBS ETF P 2023-01-01 2024-12-31
930 ISHARES TRUST ISHARES 1-5 YEAR P 2023-01-01 2024-12-31
5036 JACOBS SOLUTIONS INC P 2023-01-01 2024-12-31
1215.067 JPM CORPORATE BOND FD - USD - R6 ISIN US46637K5478 SEDOL B99CKM1 5.53% P 2023-01-01 2024-12-31
8112.515 JPM INCOME FUND - USD - R6 ISIN US46637K2160 SEDOL BSL7629 3.58% 5.57% P 2023-01-01 2024-12-31
1980.953 JPM INCOME FUND - USD - R6 ISIN US46637K2160 SEDOL BSL7629 3.58% 6.20% P 2023-01-01 2024-12-31
3061.224 JPM MTGE BACKED SEC FD - R6 FUND 3942 3.60% P 2024-01-01 2024-12-31
1032.277 JPM MTGE BACKED SEC FD - R6 FUND 3942 3.79% P 2024-01-01 2024-12-31
4388.52 JPM MTGE BACKED SEC FD - R6 FUND 3942 4.13% P 2024-01-01 2024-12-31
260 KLA CORP P 2023-01-01 2024-12-31
683 LINDE PLC P 2023-01-01 2024-12-31
3228 LUMINE GROUP INC ISIN CA55027C1068 SEDOL BNKCF01 P 2023-01-01 2024-12-31
560 MASTERCARD INC - A P 2023-01-01 2024-12-31
15 MICROSOFT CORP P 2024-01-01 2024-12-31
1890 NESTLE SA-SPONS ADR P 2023-01-01 2024-12-31
730 NIKE INC -CL B P 2023-01-01 2024-12-31
15 ORACLE CORP P 2023-01-01 2024-12-31
15 OTIS WORLDWIDE CORP P 2024-01-01 2024-12-31
8985.42 PIMCO INV GRD CRD BND-INST P 2023-01-01 2024-12-31
1464 PROGRESSIVE CORP P 2023-01-01 2024-12-31
8182 ROLLS-ROYCE HOLDINGS PLC ISIN GB00B63H8491 SEDOL B63H849 P 2023-01-01 2024-12-31
1076 RTS CONSTELLATION SOFTWARE-RTS ISIN CA21037X1428 SEDOL BR85384 P 2024-01-01 2024-12-31
69 S&P GLOBAL INC P 2023-01-01 2024-12-31
2860 SAP SE ISIN DE0007164600 SEDOL 4846288 P 2023-01-01 2024-12-31
4925.6 SIX CIRCLES CREDIT OPPORT 0.00% P 2023-01-01 2024-12-31
13242.992 SIX CIRCLES GLOBAL BOND 0.00% P 2023-01-01 2024-12-31
5552 TAIWAN SEMICONDUCTOR-SP ADR P 2023-01-01 2024-12-31
8 TEXAS INSTRUMENTS INC P 2024-01-01 2024-12-31
91 THERMO FISHER SCIENTIFIC INC P 2023-01-01 2024-12-31
284 UNITEDHEALTH GROUP INC P 2023-01-01 2024-12-31
1589 UNIVERSAL MUSIC GROUP NV ISIN NL0015000IY2 SEDOL BNZGVV1 P 2023-01-01 2024-12-31
86319.05 VANGUARD TTL BD MKT IDX-ADM P 2023-01-01 2024-12-31
27345.157 VANGUARD TTL INTL BND-ADM P 2023-01-01 2024-12-31
10 WASTE MANAGEMENT P 2024-01-01 2024-12-31
235 ZOETIS INC P 2023-01-01 2024-12-31
(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 79,655   100,000 -20,345
b 3,939   4,327 -388
c 116,797   62,287 54,510
d 61,562   5,312 56,250
e 2,990   2,853 137
287,260   89,249 198,011
76,016   72,768 3,248
2,461   2,423 38
372,480   47,868 324,612
89,619   91,880 -2,261
3,800   3,811 -11
157,896   69,444 88,452
358,656   225,163 133,493
1,334,709   873,692 461,017
308,217   67,317 240,900
28,522   6,533 21,989
202,205   41,857 160,348
209   207 2
176,720   187,156 -10,436
70,302   69,580 722
406,995   423,223 -16,228
200,842   205,354 -4,512
290,230   281,265 8,965
47,634   46,251 1,383
702,356   496,199 206,157
10,000   10,656 -656
67,658   68,605 -947
16,501   16,125 376
30,000   30,888 -888
10,756   10,354 402
43,578   44,192 -614
204,078   83,098 120,980
324,040   111,636 212,404
74,251   55,948 18,303
269,185   154,344 114,841
6,423   6,214 209
197,202   32,334 164,868
56,227   62,879 -6,652
2,540   568 1,972
1,566   1,494 72
81,284   87,518 -6,234
364,253   109,582 254,671
56,960   11,079 45,881
    639 -639
35,329   24,131 11,198
586,495   267,978 318,517
44,133   49,207 -5,074
111,021   131,622 -20,601
1,003,814   278,280 725,534
1,649   1,677 -28
55,732   46,537 9,195
158,061   101,642 56,419
54,119   30,891 23,228
830,167   935,265 -105,098
542,183   619,218 -77,035
2,053   2,095 -42
45,819   9,624 36,195
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       -20,345
b       -388
c       54,510
d       56,250
e       137
      198,011
      3,248
      38
      324,612
      -2,261
      -11
      88,452
      133,493
      461,017
      240,900
      21,989
      160,348
      2
      -10,436
      722
      -16,228
      -4,512
      8,965
      1,383
      206,157
      -656
      -947
      376
      -888
      402
      -614
      120,980
      212,404
      18,303
      114,841
      209
      164,868
      -6,652
      1,972
      72
      -6,234
      254,671
      45,881
      -639
      11,198
      318,517
      -5,074
      -20,601
      725,534
      -28
      9,195
      56,419
      23,228
      -105,098
      -77,035
      -42
      36,195
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 3,796,810
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 -2,626
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) 1 122,094
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........................... 3 122,094
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- ..... 5 122,094
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 40,913
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 125,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 165,913
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 1,969
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 41,850
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow41,850 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNY
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 arrowODONOGHUE & LAMB CPAS PLLC Telephone no.right arrow (914) 769-5005

Located atright arrow3630 HILL BLVD STE 202JEFFERSON VALLEYNY ZIP+4right arrow105351513
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
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)
Yes
 
(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
 
No
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
Yes
 
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
PATRICK S GALLAGHER Executive Dir.
16.00 		188,726    
3630 HILL BLVD STE 202
JEFFERSON VALLEY,NY105351513
HENRY A KISSINGER THRU 1123 CHAIRMAN/DIR
1.00 		0    
3630 HILL BLVD STE 202
JEFFERSON VALLEY,NY105351513
WILLIAM C PALEY Vice President
1.00 		0    
3630 HILL BLVD STE 202
JEFFERSON VALLEY,NY105351513
DANIEL L MOSLEY TREAS&SEC/DIR
1.00 		0    
3630 HILL BLVD STE 202
JEFFERSON VALLEY,NY105351513
FAIZA J SAEED Director
1.00 		0    
3630 HILL BLVD STE 202
JEFFERSON VALLEY,NY105351513
JACQUELINE SCALISI Director
1.00 		0    
3630 HILL BLVD STE 202
JEFFERSON VALLEY,NY105351513
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  
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
RUANE CUNNIFF ADVISORY & CUSTODY 433,701
45 ROCKEFELLER PLAZA
NEW YORK,NY10111
JOHN GALLIN & SON INC CONSTRUCTION 2,420,026
102 MADISON AVE
NEW YORK,NY10016
ZUBATKIN OWNER REPRESENTATION LLC PROJECT MANAGEMENT 182,007
333 WEST 52ND STREET
NEW YORK,NY10019
ODONOGHUE & LAMB CPAS PLLC ACCOUNTING 126,444
3630 HILL BLVD SUITE 202
JEFFERSON VALLEY,NY10535
BROWN BROTHERS HARRIMAN ADVISORY & CUSTODY 164,473
140 BROADWAY
NEW YORK,NY10005
Total number of others receiving over $50,000 for professional services.............right arrow2
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
163,238,068
b
Average of monthly cash balances.......................
1b
239,621
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
163,477,689
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
 
3
Subtract line 2 from line 1d.........................
3
163,477,689
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,452,165
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
161,025,524
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
8,051,276
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
8,051,276
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
122,094
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
122,094
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,929,182
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
7,929,182
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
7,929,182
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
8,561,027
b
Program-related investments—total from Part VIII-B..................
1b
 
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
8,561,027
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 7,929,182
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020...... 1,107,435
c From 2021......  
d From 2022......  
e From 2023...... 30,047,261
f Total of lines 3a through e ........ 31,154,696
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 8,561,027
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 7,929,182
e Remaining amount distributed out of corpus 631,845
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 31,786,541
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
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 ...... 		31,786,541
10 Analysis of line 9:
a Excess from 2020.... 1,107,435
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 30,047,261
e Excess from 2024.... 631,845
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:
PATRICK S GALLAGHER
3630 HILL BOULEVARD SUITE 202
JEFFERSON VALLEY,NY105351513
bThe form in which applications should be submitted and information and materials they should include:
NO PARTICULAR FORM REQUIRED, BUT FULL FINANCIAL INFORMATION SHOULD BE DISCLOSED.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
UNDER THE PROVISION OF THE FOUNDATION'S CHARTER, NO GRANTS MAY BE MADE TO INDIVIDUALS.
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
GREENPARK FOUNDATION


3630 HILL BOULEVARD SUITE 202
JEFFERSON VALLEY,NY10535 		RELATED ENTITY POF PALEY PARK - PROGRAM SUPPORT 1,306,833
CLEAN SOBER STREETS INC


P O BOX 77114
WASHINGTON,DC20013 		NONE PC GENERAL OPERATING SUPPORT 20,000
THE JERUSALEM FOUNDATION


60 EAST 42ND STREET
NEW YORK,NY10165 		NONE PC PALEY ART CENTER 100,000
MADISON SQ BOYS GIRLS CLUB FOUNDATI


250 FIFTH AVENUE
NEW YORK,NY10118 		NONE PC GENERAL OPERATING SUPPORT 50,000
THE METROPOLITAN MUSEUM OF ART


1000 FIFTH AVENUE
NEW YORK,NY10028 		NONE PC GENERAL OPERATING SUPPORT 15,000
THE MUSEUM OF MODERN ART


11 WEST 53RD STREET
NEW YORK,NY10019 		NONE PC GENERAL OPERATING SUPPORT 110,000
THE PALEY CENTER FOR MEDIA


25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC GENERAL OPERATING SUPPORT 3,050,106
THE PALEY CENTER FOR MEDIA


25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC PALEY TELEVISON FESTIVAL 500,000
OXFORD HOUSE


1010 WAYNE AVENUE
SILVER SPRING,MD20910 		NONE PC GENERAL OPERATING SUPPORT 20,000
WASHINGTON PROJECT FOR THE ART


500 SEVENTEENTH STREET NW
WASHINGTON,DC20006 		NONE PC GENERAL OPERATING SUPPORT 20,000
COLUMBIA UNIVERSITY


475 RIVERSIDE DRIVE
NEW YORK,NY10015 		NONE PC DEPT OF OPHTHALMOLOGY 5,000
WEST HILL POND ASSOCIATION


29 WHITE PINE LANE
WEST HARTFORD,CT06107 		NONE PC GENERAL OPERATING SUPPORT 12,500
SO OTHERS MAY EAT


71 O STREET NW
WASHINGTON,DC20001 		NONE PC GENERAL OPERATING SUPPORT 20,000
CENTER FOR STRATEGIC INTERNATIONAL


1616 RHODE ISLAND AVENUE NW
WASHINGTON,DC20036 		NONE PC GENERAL OPERATING SUPPORT 20,000
AMERICAN ACADEMY IN BERLIN


14 EAST 60TH STREET
NEW YORK,NY10022 		NONE PC GENERAL OPERATING SUPPORT 10,000
NATIONAL COALITION FOR HOMELESS VET


333 1/2 PENNSYLVANIA AVENUE SE
WASHINGTON,DC20003 		NONE PC GENERAL OPERATING SUPPORT 20,000
REACH PREP


ONE DOCK STREET
STAMFORD,CT06902 		NONE PC GENERAL OPERATING SUPPORT 40,000
THE ROCKFELLER UNIVERSITY


1230 YORK AVENUE BOX 164
NEW YORK,NY10065 		NONE PC GENERAL OPERATING SUPPORT 20,000
WORLD CENTRAL KITCHEN


655 New York Ave NW 6th Floor
Washington,DC20001 		NONE PC General Operating Support 50,000
TOMLINSON MIDDLE SCHOOL PTA


200 Unquowa Road
Fairfield,CT06824 		NONE PC ART DEPARTMENT 10,000
TRILATERAL COMMISSION NORTH AMERICA


PO BOX 380810
CAMBRIDGE,MA02238 		NONE PC General Operating Support 25,000
THE FOUNDATION FOR CITY COLLEGE


160 CONVENT AVENUE NAC 6/141
NEW YORK,NY10031 		NONE PC General Operating Support 50,000
THE JERUSALEM FOUNDATION


60 EAST 42ND STREET
NEW YORK,NY10165 		NONE PC Innovation 100,000
NEW YORK PRESBYTERIAN


850 THIRD AVENUE 12TH FLOOR
NEW YORK,NY10022 		NONE PC GENERAL OPERATING SUPPORT 10,000
INTERNATIONAL RESCUE COMMITTEE


122 EAST 42ND STREET 11TH FLOOR
NEW YORK,NY10168 		NONE PC GENERAL OPERATING SUPPORT 5,000
SAFE HORIZON INC


2 LAFAYETTE ST 3RD FLOOR
NEW YORK,NY10007 		NONE PC GENERAL OPERATING SUPPORT 2,500
SANTA MONICA TEMPLE ASSOCIATION CON


1827 CALIFORNIA AVE
SANTA MONICA,CA90403 		NONE PC GENERAL OPERATING SUPPORT 50,000
THE JERUSALEM FOUNDATION


60 EAST 42ND STREET
NEW YORK,NY10165 		NONE PC CAPITAL PLEDGE 533,000
THE PALEY CENTER FOR MEDIA


25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC GJG GRANT 2,000,000
VETERANS YOGA PROJECT


PO BOX 6472
ALAMEDA,CA94501 		NONE PC GENERAL OPERATING SUPPORT 5,000
LIBRARY OF CONGRESS


110 INDEPENDENCE AVENUE SE
WASHINGTON,DC20540 		NONE EOF GENERAL OPERATING SUPPORT 25,000
SECOND STAGE


1501 BROADWAY SUITE 518
NEW YORK,NY10036 		NONE PC GENERAL OPERATING SUPPORT 10,000
LONG BEACH ISLAND FOUNDATION


120 LONG BEACH BLVD
LONG BEACH TOWNSHIP,NJ08008 		NONE PC GENERAL OPERATING SUPPORT 25,000
Total .................................right arrow 3a 8,239,939
bApproved for future payment
THE PALEY CENTER FOR MEDIA

25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC PCM 2ND FLOOR THEATRE 1,000,000
NEW YORK PRESBYTERIAN HOSPTIAL

525 EAST 68TH STREET BOX 123
NEW YORK,NY10065 		NONE PC GENERAL OPERATING SUPPORT 10,000
THE PALEY CENTER FOR MEDIA

25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC PALEY TELEVISION FESTIVAL 500,000
THE JERUSALEM FOUNDATION

60 EAST 42ND STREET
NEW YORK,NY10165 		NONE PC GENERAL OPERATING SUPPORT 100,000
THE MUSEUM OF MODERN ART

11 WEST 53RD STREET
NEW YORK,NY10019 		NONE PC GENERAL OPERATING SUPPORT 110,000
THE PALEY CENTER FOR MEDIA

25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC GENERAL PROGRAM 1,283,612
THE PALEY CENTER FOR MEDIA

25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC WSP HOLLYWOOD HISTORIC TRUST - WALK OF FAME 30,000
THE PALEY CENTER FOR MEDIA

25 WEST 52ND STREET
NEW YORK,NY10019 		NONE PC GENERAL OPERATING SUPPORT 678,428
Total ................................. right arrow 3b 3,712,040
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 ........... 		    14 133,323  
4 Dividends and interest from securities ....     14 2,482,776  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 92,467  
6 Net rental income or (loss) from personal property          
7 Other investment income ..... 523000 8,008 18 4,088,412  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 3,796,810  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    14 24  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 8,008 10,593,812  
13Total. Add line 12, columns (b), (d), and (e)..................
13
10,601,820
(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: 24020490
Software Version: 2024v5.2


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
EIN:
13-6085929
Software ID:
24020490
Software Version:
2024v5.2
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT 44,050 4,405 0 44,011
TAX & ACCOUNTING 115,800 11,580 0 111,926

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TY 2024 DepreciationSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
EIN:
13-6085929
Software ID:
24020490
Software Version:
2024v5.2
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 IMPROVEMENTS 2006-09-28 29,650 16,796 SL 30.0000 988      
ELEVATOR IMPROVEMENTS 2012-10-01 355,498 133,312 SL 30.0000 11,850      
LOCAL LAW 11 IMPROVEMENTS 2012-07-01 96,081 36,834 SL 30.0000 3,203      
ELEVATOR IMPROVEMENTS 2013-10-01 30,562 10,445 SL 30.0000 1,019      
LOCAL LAW 11 IMPROVEMENTS 2013-07-01 802,108 280,037 SL 30.0000 26,737      
LOCAL LAW 11 IMPROVEMENTS 2014-03-01 119,905 39,304 SL 30.0000 3,997      
BACKFLOW DEVICE 2015-03-31 5,508 1,610 SL 30.0000 184      
STEAM TRAP 2015-03-31 6,147 1,794 SL 30.0000 205      
LOCAL LAW 11 IMPROVEMENTS 2016-10-01 20,882 5,046 SL 30.0000 696      
LOCAL LAW 26 IMPROVEMENTS 2016-10-13 3,500 848 SL 30.0000 117      
LOCAL LAW 11 IMPROVEMENTS 2017-07-01 145,866 31,603 SL 30.0000 4,862      
LOCAL LAW 26 IMPROVEMENTS 2017-07-01 35,553 7,703 SL 30.0000 1,185      
LOCAL LAW 11 IMPROVEMENTS 2018-07-01 248,165 45,496 SL 30.0000 8,272      
AC COMPRESSOR 2018-07-01 6,870 5,396 SL 7.0000 981      
STORAGE TANK 2020-01-01 40,000 22,856 SL 7.0000 5,714      
ELEVATOR DOOR LOCK MONITORING 2020-01-01 5,649 3,228 SL 7.0000 807      
LOCAL LAW 26 IMPROVEMENTS 2020-07-01 66,033 46,224 SL 5.0000 13,207      
15 TON COMPRESSOR 2024-03-01 16,403   SL 7.0000 1,953      
HOT WATER HEATER 2024-12-09 17,845   SL 7.0000 212      
LOCAL LAW 11 IMPROVEMENTS 2024-09-01 2,596,632   SL 30.0000 28,851      
LOCAL LAW 26 IMPROVEMENTS 2024-09-01 4,987,401   SL 30.0000 55,416      
COMMUNITY ROOM 2024-04-01 510,723   SL 30.0000 12,768      

TY 2024 InvestmentsCorpBondsSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
EIN:
13-6085929
Software ID:
24020490
Software Version:
2024v5.2
Name of Bond End of Year Book Value End of Year Fair Market Value
JPM CORE PLUS 197,953 197,953
JPM MTGE BACKED SEC FD - R6 347,586 347,586
SIX CIRCLES CREDIT OPPORT 466,860 466,860
SIX CIRCLES GLOBAL BOND 1,594,444 1,594,444
VANGUARD TOTAL BOND MARKET 758,748 758,748
VANGUARD TTL INTL BND-ADM 1,789,476 1,789,476
BARES MID/LARGE CAP SERIES    
ALTAROCK PARTNERS SERIES 11,970,911 11,970,911
VALLEY FORGE LARGE CAP 6,486,367 6,486,367
ISHARES 3-7 YEAR TREASURY BO 98,333 98,333
ISHARES TRUST ISHARES 1-5 YEAR    
ISHARES 20+ YEAR TREASURY BO    
ISHARES 7-1O YEAR TREASURY 153,190 153,190
ISHARES MBS ETF    
JPM CORPORATE BOND FD-USD-R6 71,339 71,339
JPM INCOME FUND -USD-R6 ISIN    
PIMCO INV GRD CRD BND-INST    
BLACKROCK HI YLD BND PORT-K 35,502 35,502
ISHARES INTL AGGREGATE BOND 414,286 414,286
ISHARES JP MORGAN USD EMERGI 131,957 131,957
ISHARES US TREASURY BOND ETF 140,477 140,477
VANGUARD I/T INVEST GRD-ADM 160,357 160,357
VANGUARD LONG-TERM CORP BOND 113,815 113,815

TY 2024 InvestmentsCorpStockSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
EIN:
13-6085929
Software ID:
24020490
Software Version:
2024v5.2
Name of Stock End of Year Book Value End of Year Fair Market Value
BERKSHIRE HATHAWAY, INC 2,949,586 2,949,586
DIAGEO PLC    
NESTLE S A A/D/R    
ROLLS ROYCE GROUP PLC 3,916,203 3,916,203
JACOBS ENGINEERING GROUP INC 800,250 800,250
ALPHABET INC 4,840,343 4,840,343
ORACLE CORP 742,714 742,714
CARMAX    
CONSTELLANTION SOFTWARE 3,325,492 3,325,492
LIBERTY MEDIA GROUP 2,685,164 2,685,164
MASTERCARD INC 592,918 592,918
CHARLES SCHWAB 2,492,363 2,492,363
ZOETIS INC 435,023 435,023
CREDIT ACCEPTANCE CORP 1,409,788 1,409,788
BOOKING HOLDINGS 526,653 526,653
COPART INC    
FACEBOOK (META PLATFORMS INC) 1,464,946 1,464,946
KLA-TENCOR CORP 463,768 463,768
LIBERTY BROADBAND 1,154,141 1,154,141
LINDE 486,495 486,495
EUROFINS SCIENTIFIC 1,989,573 1,989,573
TAIWAN SEMICONDUCTOR 1,979,640 1,979,640
ALCON INC 468,168 468,168
ARTHUR J. GALLAGHER & CO 412,150 412,150
COSTCO WAREHOUSE 569,920 569,920
UNITEDHEALTH CORP 2,317,851 2,317,851
WASTE MANAGEMENT INC 622,724 622,724
AMAZON.COM INC 935,260 935,260
INTERCONTINENTAL EXCHANGE IN 3,516,785 3,516,785
NIKE 529,085 529,085
PROGRESSIVE CORP 455,259 455,259
THERMO FISHER SCIENTIFIC INC 403,698 403,698
WALT DISNEY CO/THE    
ABBOTT LABORATORIES 422,127 422,127
ANTHEM INC    
MICRON TECHNOLOGY INC    
S&P GLOBAL INC 409,879 409,879
UNIVERSAL MUSIC GROUP NV 3,382,205 3,382,205
ADOBE INC 642,563 642,563
BLACKROCK II-FLOAT RAT-K 190,971 190,971
CAPITAL ONE FINANCIAL CROP 1,894,115 1,894,115
ELEVANCE HEALTH INC 2,068,791 2,068,791
MICROSOFT CORP 1,281,360 1,281,360
SAP SE 1,878,195 1,878,195
TEXAS INSTRUMENTS 410,459 410,459
ASHTEAD GROUP PLC 1,047,388 1,047,388
LUMINE GROUP INC    
ADVANCED DRAINAGE SYSTEMS IN 113,519 113,519
AMENTUM HOLDINGS INC 231,856 231,856
APPLIED MATERIALS INC 268,827 268,827
APTARGROUP INC 139,662 139,662
ARISTA NETWORKS INC 130,425 130,425
ASPEN TECHNOLOGY INC 53,171 53,171
AUTOMATIC DATA PROCESSING 697,283 697,283
BRIGHT HORIZONS FAMILY SOLUT 63,628 63,628
BROWN & BROWN INC 170,781 170,781
BRUKER CORP 131,954 131,954
CADENCE DESIGN SYS INC 317,286 317,286
CBRE GROUP INC 163,850 163,850
CHARTER COMMUNICATIONS INC 664,288 664,288
DARLING INGREDIENTS INC 110,604 110,604
ENTEGRIS INC 141,161 141,161
GFL ENVIRONMENTAL INC-SUB VT 166,223 166,223
GLOBANT SA 156,312 156,312
GUIDEWIRE SOFTWARE INC 190,495 190,495
GXO LOGISTICS INC 119,103 119,103
HEICO CORP-CLASS A 103,088 103,088
ICON PLC 1,487,473 1,487,473
LPL FINANCIAL HOLDINGS INC 147,909 147,909
MISTER CAR WASH INC 60,434 60,434
NVR INC 57,252 57,252
OTIS WORLDWIDE CORP 398,501 398,501
SHIFT4 PAYMENTS INC-CLASS A 169,992 169,992
SPDR PORTFOLIO S&P 500 ETF 5,928,840 5,928,840
TAKE-TWO INTERACTIVE SOFTWRE 129,592 129,592
TORO CO 74,253 74,253
VULCAN MATERIALS CO 112,924 112,924
WATSCO INC 162,070 162,070
WEST PHARMACEUTICAL SERVICES 82,545 82,545
WILLSCOT HOLDINGS CORP 72,687 72,687
WYNDHAM HOTELS & RESORTS INC 149,774 149,774
ZEBRA TECHNOLOGIES CORP-CL A 148,695 148,695

TY 2024 InvestmentsOtherSchedule2
Name:
WILLIAM S PALEY FOUNDATION INC
EIN:
13-6085929
Software ID:
24020490
Software Version:
2024v5.2
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SELECT EQUITY PARTNERSHIP FMV 27,663,520 27,663,520
HIMALAYA CAPITAL FMV 14,334,864 14,334,864
MOONRISE FMV 3,870,919 3,870,919
SEQUOIA FUND FMV 2,856,779 2,856,779
WISHBONE FMV 8,208,986 8,208,986

TY 2024 LandEtcSchedule2
Name:
WILLIAM S PALEY FOUNDATION INC
EIN:
13-6085929
Software ID:
24020490
Software Version:
2024v5.2
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and Fixtures 10,798 10,798    
Machinery and Equipment 14,640 14,640    
Buildings 379,455 379,455   1,405,670
Improvements 10,849,933 1,574,708 9,275,225 9,605,670
Land 330,445   330,445 2,500,000
Miscellaneous 10,155 10,155    


TY 2024 LegalFeesSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
EIN:
13-6085929
Software ID:
24020490
Software Version:
2024v5.2
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATION 40,437 4,044 0 22,086


TY 2024 OtherDecreasesSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
EIN:
13-6085929
Software ID:
24020490
Software Version:
2024v5.2
Description Amount
NET CHANGE FOR GREENPARK ENDOWMENT 2,442,803
NET CHANGE FOR PALEY CENTER FOR MEDIA ENDOWMENT 7,346,680


TY 2024 OtherExpensesSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
EIN:
13-6085929
Software ID:
24020490
Software Version:
2024v5.2
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FILING FEES 1,500      
FOREIGN EXCHANGE 73 73    
INSURANCE 6,375     4,775
OFFICE EXPENSES 8,118     7,858
PAYROLL PROCESSING FEES 800 400   400
Rental Expenses 781,603 781,603    


TY 2024 OtherIncomeSchedule2
Name:
WILLIAM S PALEY FOUNDATION INC
EIN:
13-6085929
Software ID:
24020490
Software Version:
2024v5.2
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 24    
Other Investment Income 4,096,420 4,088,412  


TY 2024 OtherLiabilitiesSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
EIN:
13-6085929
Software ID:
24020490
Software Version:
2024v5.2
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSITS 54,220 68,998
SEE STATEMENT #20 81,958,997 91,748,480
DEFERRED EXCISE TAX 502,568 633,274


TY 2024 OtherProfessionalFeesSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
EIN:
13-6085929
Software ID:
24020490
Software Version:
2024v5.2
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATION 22,750 0 0 25,000
ADVISORY & CUSTODY FEES 1,627,223 1,627,223 0 0


TY 2024 TaxesSchedule
Name:
WILLIAM S PALEY FOUNDATION INC
EIN:
13-6085929
Software ID:
24020490
Software Version:
2024v5.2
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 247,526      
FOREIGN TAXES 60,830 60,830    
PAYROLL TAXES 12,176 6,088   6,088
UBIT TAXES 1,028 1,028