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
ADDITIONAL VENTURES FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)314 LYTTON AVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PALO ALTO, CA94301
A Employer identification number

81-4429034
B Telephone number (see instructions)

(650) 804-7100
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$220,336,715J 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) 16,031,751
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 3,804,097 4,905,949  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 255,170
b Gross sales price for all assets on line 6a 25,705,746
7 Capital gain net income (from Part IV, line 2)... 15,584,895
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
9,045,410 90,667  
12 Total. Add lines 1 through 11........ 29,136,428 20,581,511  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 349,036 0   349,036
14 Other employee salaries and wages...... 946,553 0   919,796
15 Pension plans, employee benefits....... 243,218 0   250,264
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
42,417 0   46,502
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
58,196 29,098   23,966
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,295,153 1,094,038   199,616
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
542,774 81,727   0
19 Depreciation (attach schedule) and depletion... 50,544 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 115,184 0   115,184
22 Printing and publications.......... 3,503 0   3,503
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
950,438 962,007   792,690
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,597,016 2,166,870   2,700,557
25 Contributions, gifts, grants paid....... 14,908,031 17,151,264
26 Total expenses and disbursements. Add lines 24 and 25 19,505,047 2,166,870   19,851,821
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 9,631,381
b Net investment income (if negative, enter -0-) 18,414,641
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.............      
2 Savings and temporary cash investments......... 22,551,298 16,408,811 16,408,811
3 Accounts receivable right arrow4,347
Less: allowance for doubtful accounts right arrow   5,604 4,347 4,347
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.......... 29,968 67,410 67,410
10a Investments—U.S. and state government obligations (attach schedule) 27,762,344 Click to see attachment
List of Attached Documents:
// Content
28,873,718 		28,873,718
b Investments—corporate stock (attach schedule)....... 61,443,142 Click to see attachment
List of Attached Documents:
// Content
74,544,144 		74,544,144
c Investments—corporate bonds (attach schedule)....... 29,855,057 Click to see attachment
List of Attached Documents:
// Content
30,611,142 		30,611,142
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).......... 64,131,914 Click to see attachment
List of Attached Documents:
// Content
68,886,263 		68,886,263
14 Land, buildings, and equipment: basis right arrow13,765
Less: accumulated depreciation (attach schedule) right arrow8,172 929 5,593 5,593
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
303,778 		Click to see attachment
List of Attached Documents:
// Content
935,287 		Click to see attachment
List of Attached Documents:
// Content
935,287
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 206,084,034 220,336,715 220,336,715
Liabilities 17 Accounts payable and accrued expenses.......... 421,335 1,020,453
18 Grants payable................. 17,923,099 15,677,878
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
742,000 		Click to see attachment
List of Attached Documents:
// Content
689,000
23 Total liabilities (add lines 17 through 22)......... 19,086,434 17,387,331
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........... 186,997,600 202,949,384
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)..... 186,997,600 202,949,384
30 Total liabilities and net assets/fund balances (see instructions). 206,084,034 220,336,715
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
186,997,600
2
Enter amount from Part I, line 27a .....................
2
9,631,381
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
6,320,403
4
Add lines 1, 2, and 3 ..........................
4
202,949,384
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
202,949,384
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b ALTERNATIVE INVESTMENTS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 25,705,746   9,024,170 16,681,576
b     1,096,681 -1,096,681
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       16,681,576
b       -1,096,681
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 15,584,895
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) 1 255,964
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 255,964
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 255,964
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 249,835
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 70,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 319,835
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 63,871
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow63,871 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowAPERCEN PARTNERS LLC Telephone no.right arrow (650) 804-7100

Located atright arrow314 LYTTON AVEPALO ALTOCA ZIP+4right arrow94301
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
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). Click to see attachment
List of Attached Documents:
// Content
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
ERIN HOFFMANN PRESIDENT/CHAIRMAN/DIRECTOR
6.00 		0 0 0
314 LYTTON AVE
PALO ALTO,CA94301
MICHAEL SCHROEPFER CFO/DIRECTOR
1.00 		0 0 0
314 LYTTON AVE
PALO ALTO,CA94301
TOM VAN LOBEN SELS SECRETARY
1.00 		0 0 0
314 LYTTON AVE
PALO ALTO,CA94301
KIRSTIE KELLER CEO
40.00 		309,728 39,308 0
314 LYTTON AVE
PALO ALTO,CA94301
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
DIANE PICKLES PROGRAM DIRECTOR
40.00 		235,203 46,507 0
314 LYTTON AVE
PALO ALTO,CA94301
KAITLIN DAVIS SENIOR PROGRAM MANAG
40.00 		159,975 26,627 0
314 LYTTON AVE
PALO ALTO,CA94301
COURTNEY STEGER PROGRAM OFFICER
40.00 		119,151 20,348 0
314 LYTTON AVE
PALO ALTO,CA94301
TAYLOR MACLEAN PROGRAM MANAGER
40.00 		113,442 14,178 0
314 LYTTON AVE
PALO ALTO,CA94301
DANIEL RADECKI PROGRAM OFFICER
40.00 		103,230 24,107 0
314 LYTTON AVE
PALO ALTO,CA94301
Total number of other employees paid over $50,000...................right arrow 2
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
ICONIQ CAPITAL LLC INVESTMENT MANAGEMENT 999,464
50 BEALE ST STE 2300
SAN FRANCISCO,CA94105
GENCOVE INC SEQUENCING PLATFORM/KITS 200,000
30-02 48TH AVE STE 370
LONG ISLAND CITY,NY11101
OUTCOME SCIENCES DBA IQVIA AG PLATFORM DESIGN & BUILD 200,000
201 BROADWAY 5TH FL
CAMBRIDGE,MA02139
WEYMOUTH WATSON LLC EVENT MANAGEMENT 92,746
1110 6TH ST NE UNIT 4
WASHINGTON,DC20002
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 SEE GENERAL EXPLANATION ATTACHMENT 1,905,677
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
125,205,871
b
Average of monthly cash balances.......................
1b
17,464,839
c
Fair market value of all other assets (see instructions)................
1c
70,933,828
d
Total (add lines 1a, b, and c).........................
1d
213,604,538
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
213,604,538
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,204,068
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
210,400,470
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
10,520,024
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
10,520,024
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
255,964
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
255,964
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
10,264,060
4
Recoveries of amounts treated as qualifying distributions................
4
640,259
5
Add lines 3 and 4............................
5
10,904,319
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
10,904,319
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
19,851,821
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
206,495
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
20,058,316
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 10,904,319
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 9,637,094
f Total of lines 3a through e ........ 9,637,094
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 20,058,316
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 10,904,319
e Remaining amount distributed out of corpus 9,153,997
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 18,791,091
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		18,791,091
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 9,637,094
e Excess from 2024.... 9,153,997
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).)
ERIN HOFFMANN
MICHAEL SCHROEPFER
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

BAYLOR COLLEGE OF MEDICINE

ONE BAYLOR PLAZA
HOUSTON,TX77030 		  PC SINGLE VENTRICLE RESEARCH FUND 208,396

BAYLOR COLLEGE OF MEDICINE

ONE BAYLOR PLAZA
HOUSTON,TX77030 		  PC SINGLE VENTRICLE RESEARCH FUND 219,877

BOSTON CHILDREN'S HOSPITAL

300 LONGWOOD AVE
BOSTON,MA02115 		  PC CATALYST TO INDEPENDENCE AWARD 125,444

BOSTON CHILDREN'S HOSPITAL

300 LONGWOOD AVE
BOSTON,MA02115 		  PC SINGLE VENTRICLE RESEARCH FUND 219,901

BOSTON CHILDREN'S HOSPITAL

300 LONGWOOD AVE
BOSTON,MA02115 		  PC FORCE FUND 934,317

CALIFORNIA INSTITUTE OF TECHNOLOGY

1200 E CALIFORNIA BLVD
PASADENA,CA91125 		  PC SINGLE VENTRICLE RESEARCH FUND 220,000

CARNEGIE MELLON UNIVERSITY

5000 FORBES AVE
PITTSBURGH,PA15213 		  PC CURES COLLABORATIVE 493,452

CATHOLIC UNIVERSITY OF LEUVEN

3000 LEUVEN WAAISTRAAT 6 BOX 5105
BE 		  NC SINGLE VENTRICLE RESEARCH FUND 230,000

CENTRE HOSPITALIER UNIVERSITAIRE SAINTE-JUSTINE

3175 CHEM DE LA COTE-SAINTE-CATHERI
E RD
  MONTREALH3T 1C5
CA 		  GOV 2024 WEINSTEIN CONFERENCE 20,000

CHARLES UNIVERSITY

OVOCNY TRH 560/5
  PRAGUE116 36
EZ 		  GOV INTERNATIONAL CARDIOVASCULAR DEVELOPMENT AND REGENERATION MEETING 5,000

CHILDREN'S HOSPITAL LOS ANGELES

4650 SUNSET BLVD
LOS ANGELES,CA90027 		  PC SINGLE VENTRICLE RESEARCH FUND 227,998

CHILDREN'S HOSPITAL MEDICAL CENTER

3333 BURNET AVE
CINCINNATI,OH45229 		  PC SINGLE VENTRICLE RESEARCH FUND 220,000

CHILDREN'S HOSPITAL MEDICAL CENTER

3333 BURNET AVE
CINCINNATI,OH45229 		  PC SINGLE VENTRICLE RESEARCH FUND 220,000

CORNELL UNIVERSITY

373 PINE TREE RD
ITHACA,NY14850 		  PC SINGLE VENTRICLE RESEARCH FUND 220,000

DUKE UNIVERSITY

2200 W MAIN ST STE 820
DURHAM,NC27705 		  PC SINGLE VENTRICLE RESEARCH FUND 220,000

EMORY UNIVERSITY

1599 CLIFTON ROAD THIRD FL
ATLANTA,GA30322 		  PC SINGLE VENTRICLE RESEARCH FUND 220,000

EMORY UNIVERSITY

1599 CLIFTON ROAD THIRD FL
ATLANTA,GA30322 		  PC CURES COLLABORATIVE 302,993

GORDON RESEARCH CONFERENCES

5586 POST RD G02
EAST GREENWICH,RI02818 		  PC CARDIAC ARRHYTHMIA MECHANISMS EVENT 2,500

ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI

1 GUSTAVE LEVY PL
NEW YORK,NY10029 		  PC SINGLE VENTRICLE RESEARCH FUND 218,508

ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI

1 GUSTAVE LEVY PL
NEW YORK,NY10029 		  PC SINGLE VENTRICLE RESEARCH FUND 220,000

ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI

1 GUSTAVE LEVY PL
NEW YORK,NY10029 		  PC CURES COLLABORATIVE 261,404

IMAGINE INSTITUTE

24 MONTPARNASSE
PARIS   75015
FR 		  NC SINGLE VENTRICLE RESEARCH FUND 220,000

IMPERIAL COLLEGE OF SCIENCE TECHNOLOGY AND MEDICINE

LEVEL 5 SHERFIELD BUILDING
EXHIBITION RD
LONDON   SW7 2AZ
UK 		  GOV SINGLE VENTRICLE RESEARCH FUND 264,436

INDIANA UNIVERSITY

400 E SEVENTH ST
BLOOMINGTON,IN47405 		  GOV SINGLE VENTRICLE RESEARCH FUND 220,000

IRCCS AZIENDA OSPEDALIERO UNIVERSITARIA DI BOLOGNA

VIA MASSARENTI 9
BOLOGNA   40138
IT 		  GOV SINGLE VENTRICLE RESEARCH FUND 295,918

LIFE SCIENCES RESEARCH FOUNDATION

3020-I PROSPERITY CHURCH RD STE 267
CHARLOTTE,NC28269 		  PC POSTDOCTORAL AWARD PROGRAM 70,000

MASSACHUSETTS GENERAL HOSPITAL

55 FRUIT ST
BOSTON,MA02114 		  PC SINGLE VENTRICLE RESEARCH FUND 220,000

NATIONWIDE CHILDREN'S HOSPITAL INC

700 CHILDRENS DR
COLUMBUS,OH43205 		  PC SINGLE VENTRICLE RESEARCH FUND 220,000

NATIONWIDE CHILDREN'S HOSPITAL INC

700 CHILDRENS DR
COLUMBUS,OH43205 		  PC CURES COLLABORATIVE 594,872

NEW YORK UNIVERSITY

665 BROADWAY STE 801
NEW YORK,NY10012 		  PC SINGLE VENTRICLE RESEARCH FUND 220,000

NORTH AMERICAN VASCULAR BIOLOGY ORGANIZATION INC

18501 KINGSHILL RD
GERMANTOWN,MD20874 		  PC VASCULAR BIOLOGY 2024 EVENT 10,000

NORTHWESTERN UNIVERSITY

633 CLARK ST
EVANSTON,IL60208 		  PC CATALYST TO INDEPENDENCE AWARD 185,538

REGENTS OF THE UNIVERSITY OF CALIFORNIA AT SAN DIEGO

9500 GILMAN DR
LA JOLLA,CA92093 		  GOV SINGLE VENTRICLE RESEARCH FUND 220,000

REGENTS OF THE UNIVERSITY OF CALIFORNIA AT SAN DIEGO

9500 GILMAN DR
LA JOLLA,CA92093 		  GOV SINGLE VENTRICLE RESEARCH FUND 220,000

REGENTS OF THE UNIVERSITY OF CALIFORNIA SAN FRANCISCO

220 MONTGOMERY ST FL 5
SAN FRANCISCO,CA94104 		  GOV SINGLE VENTRICLE RESEARCH FUND 220,000

REGENTS OF THE UNIVERSITY OF COLORADO

1800 GRANT ST STE 600
DENVER,CO80203 		  GOV SINGLE VENTRICLE RESEARCH FUND 198,578

RENATA MEDICAL INC

4695 MACARTHUR CT STE 440
NEWPORT BEACH,CA92660 		  NC RESEARCH SURROUNDING VIABILITY OF FONTAN GROWTH SHUNT 130,000

RENATA MEDICAL INC

4695 MACARTHUR CT STE 440
NEWPORT BEACH,CA92660 		  NC TRANSCATHETER FONTAN SHUNT DEVELOPMENT 1,100,000

RESEARCH INSTITUTE AT NATIONWIDE CHILDREN'S HOSPITAL

700 CHILDRENS DR
COLUMBUS,OH43205 		  PC SINGLE VENTRICLE RESEARCH FUND 225,412

SANFORD BURNHAM PREBYS MEDICAL DISCOVERY INSTITUTE

10901 NORTH TORREY PINES RD
LA JOLLA,CA92037 		  PC CATALYST TO INDEPENDENCE AWARD 247,933

SEATTLE CHILDREN'S HOSPITAL

1900 NINTH AVE
SEATTLE,WA98101 		  PC SINGLE VENTRICLE RESEARCH FUND 219,095

THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY

485 BROADWAY
REDWOOD CITY,CA94063 		  PC SINGLE VENTRICLE RESEARCH FUND 220,000

THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY

485 BROADWAY
REDWOOD CITY,CA94063 		  PC CURES COLLABORATIVE 233,359

THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY

485 BROADWAY
REDWOOD CITY,CA94063 		  PC CATALYST TO INDEPENDENCE AWARD 241,941

THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY

485 BROADWAY
REDWOOD CITY,CA94063 		  PC CURES COLLABORATIVE 322,050

THE CHANCELLOR MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD

WELLINGTON SQUARE
OXFORD   OX1 2JD
UK 		  PC SINGLE VENTRICLE RESEARCH FUND 198,736

THE CHILDREN'S HOSPITAL OF PHILADELPHIA

3401 CIVIC CENTER BLVD
PHILADELPHIA,PA19104 		  PC SINGLE VENTRICLE RESEARCH FUND 209,923

THE CHILDREN'S HOSPITAL OF PHILADELPHIA

3401 CIVIC CENTER BLVD
PHILADELPHIA,PA19104 		  PC SINGLE VENTRICLE RESEARCH FUND 217,637

THE CHILDREN'S HOSPITAL OF PHILADELPHIA

3401 CIVIC CENTER BLVD
PHILADELPHIA,PA19104 		  PC SINGLE VENTRICLE RESEARCH FUND 220,000

THE CHILDREN'S MERCY HOSPITAL

2401 GILLHAM RD
KANSAS CITY,MO64108 		  PC SINGLE VENTRICLE RESEARCH FUND 216,710

THE GOVERNORS OF THE UNIVERSITY OF ALBERTA

1-560 ENTERPRISE SQUARE 10230
JASPER AVE
EDMONTON,ALBERTAT5J 4P6
CA 		  PC SINGLE VENTRICLE RESEARCH FUND 177,483

THE HOSPITAL FOR SICK CHILDREN

555 UNIVERSITY AVE
TORONTO,ONTARIO  
CA 		  PC SINGLE VENTRICLE RESEARCH FUND 221,200

THE J DAVID GLADSTONE INSTITUTES

1650 OWENS ST
SAN FRANCISCO,CA94158 		  PC CATALYST TO INDEPENDENCE AWARD 145,098

THE J DAVID GLADSTONE INSTITUTES

1650 OWENS ST
SAN FRANCISCO,CA94158 		  PC INNOVATION AWARD 1,200,000

THE MEDICAL COLLEGE OF WISCONSIN INC

8701 WATERTOWN PLANK RD
MILWAUKEE,WI53226 		  PC SINGLE VENTRICLE RESEARCH FUND 191,518

THE RECTOR & VISITORS OF THE UNIVERSITY OF VIRGINIA

1001 N EMMET ST
CHARLOTTESVILLE,VA22903 		  GOV SINGLE VENTRICLE RESEARCH FUND 282,614

THE UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER

5323 HARRY HINES BLVD
DALLAS,TX79530 		  GOV SINGLE VENTRICLE RESEARCH FUND 219,773

TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA

3451 WALNUT ST FRANKLIN BLDG 5TH FL
PHILADELPHIA,PA19104 		  PC CATALYST TO INDEPENDENCE AWARD 130,257

UNIVERSITA DEGLI STUDI DI TORINO

VIA SANTENA 7
TORINO   10126
IT 		  GOV SINGLE VENTRICLE RESEARCH FUND 220,000

UNIVERSITY COLLEGE LONDON

GOWER ST
LONDON   WC1E 6BT
UK 		  GOV SINGLE VENTRICLE RESEARCH FUND 130,081

UNIVERSITY HEALTH NETWORK

190 ELIZABETH ST R FRASER ELLIOT
BLDG 1ST FL
TORONTO,ONTARIOM5G 2C4
CA 		  PC SINGLE VENTRICLE RESEARCH FUND 220,000

UNIVERSITY OF PITTSBURGH

3420 FORBES AVE
PITTSBURGH,PA15260 		  PC SINGLE VENTRICLE RESEARCH FUND 220,000

UNIVERSITY OF SOUTH FLORIDA

3702 SPECTRUM BLVD STE 165
TAMPA,FL33612 		  GOV SINGLE VENTRICLE RESEARCH FUND 220,000

UNIVERSITY OF SOUTHERN CALIFORNIA

3720 S FLOWER ST
LOS ANGELES,CA90089 		  PC SINGLE VENTRICLE RESEARCH FUND 208,162

WASHINGTON UNIVERSITY IN ST LOUIS

ONE BROOKINGS DR
ST LOUIS,MO63130 		  PC SINGLE VENTRICLE RESEARCH FUND 220,000

WASHINGTON UNIVERSITY IN ST LOUIS

ONE BROOKINGS DR
ST LOUIS,MO63130 		  PC CURES COLLABORATIVE 381,383

YALE UNIVERSITY

PO BOX 208239
NEW HAVEN,CT06520 		  PC CURES COLLABORATIVE 150,420

YALE UNIVERSITY

PO BOX 208239
NEW HAVEN,CT06520 		  PC SINGLE VENTRICLE RESEARCH FUND 221,347
Total .................................right arrow 3a 17,151,264
bApproved for future payment

BAYLOR COLLEGE OF MEDICINE
ONE BAYLOR PLAZA
HOUSTON,TX77030 		  PC SINGLE VENTRICLE RESEARCH FUND 451,604

CHILDREN'S HOSPITAL MEDICAL CENTER
3333 BURNET AVE
CINCINNATI,OH45229 		  PC SINGLE VENTRICLE RESEARCH FUND 440,000

CHILDREN'S NATIONAL MEDICAL CENTER
111 MICHIGAN AVE NW
WASHINGTON,DC20010 		  SO III FI 12TH ANNUAL SYMPOSIUM ON PEDIATRIC DEVICE INNOVATION 150,000

ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
1 GUSTAVE LEVY PL
NEW YORK,NY10029 		  PC SINGLE VENTRICLE RESEARCH FUND 441,417

IRCCS AZIENDA OSPEDALIERO UNIVERSITARIA DI BOLOGNA
VIA MASSARENTI 9
BOLOGNA   40138
IT 		  GOV SINGLE VENTRICLE RESEARCH FUND 362,986

MONASH UNIVERSITY
211 WELLINGTON RD
MULGRAVE   3170
AS 		  GOV SINGLE VENTRICLE RESEARCH FUND 546,113

NATIONWIDE CHILDREN'S HOSPITAL INC
700 CHILDRENS DR
COLUMBUS,OH43205 		  PC SINGLE VENTRICLE RESEARCH FUND 440,000

RESEARCH INSTITUTE AT NATIONWIDE CHILDREN'S HOSPITAL
700 CHILDRENS DR
COLUMBUS,OH43205 		  PC SINGLE VENTRICLE RESEARCH FUND 434,588

SANFORD BURNHAM PREBYS MEDICAL DISCOVERY INSTITUTE
10901 NORTH TORREY PINES RD
LA JOLLA,CA92037 		  PC CATALYST TO INDEPENDENCE AWARD 503,608

THE CHILDREN'S HOSPITAL OF PHILADELPHIA
3401 CIVIC CENTER BLVD
PHILADELPHIA,PA19104 		  PC CARDIOLOGY 2025 EDUCATIONAL GRANT 10,000

THE CHILDREN'S HOSPITAL OF PHILADELPHIA
3401 CIVIC CENTER BLVD
PHILADELPHIA,PA19104 		  PC SINGLE VENTRICLE RESEARCH FUND 450,077

THE GOVERNORS OF THE UNIVERSITY OF ALBERTA
1-560 ENTERPRISE SQUARE 10230
JASPER AVE
EDMONTON,ALBERTAT5J 4P6
CA 		  PC SINGLE VENTRICLE RESEARCH FUND 482,223

THE MEDICAL COLLEGE OF WISCONSIN INC
8701 WATERTOWN PLANK RD
MILWAUKEE,WI53226 		  PC SINGLE VENTRICLE RESEARCH FUND 468,482

THE UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER
5323 HARRY HINES BLVD
DALLAS,TX79530 		  GOV SINGLE VENTRICLE RESEARCH FUND 440,227

TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
3451 WALNUT ST FRANKLIN BLDG 5TH FL
PHILADELPHIA,PA19104 		  PC CATALYST TO INDEPENDENCE AWARD 378,854

UNIVERSITY HEALTH NETWORK
190 ELIZABETH ST R FRASER ELLIOT
BLDG 1ST FL
TORONTO,ONTARIOM5G 2C4
CA 		  PC SINGLE VENTRICLE RESEARCH FUND 440,000

UNIVERSITY OF PITTSBURGH
3420 FORBES AVE
PITTSBURGH,PA15260 		  PC SINGLE VENTRICLE RESEARCH FUND 440,000

UNIVERSITY OF SOUTHERN CALIFORNIA
3720 S FLOWER ST
LOS ANGELES,CA90089 		  PC SINGLE VENTRICLE RESEARCH FUND 417,325

WASHINGTON UNIVERSITY IN ST LOUIS
ONE BROOKINGS DR
ST LOUIS,MO63130 		  PC SINGLE VENTRICLE RESEARCH FUND 440,000
Total ................................. right arrow 3b 7,737,504
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 ........... 		         
4 Dividends and interest from securities ....     14 3,804,097  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 255,170  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aALTERNATIVE INVESTMENTS 		901101 -13,617 14 8,273,981  
bEVENTS         144,787
cRETURN OF PRIOR YEAR GRANT/CONTRACT PAYMENTS     01 640,259  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -13,617 12,973,507 144,787
13Total. Add line 12, columns (b), (d), and (e)..................
13
13,104,677
(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.)
11B BIENNIAL CONFERENCE DESIGNED FOR SCIENTISTS AND CLINICIANS WITH
11B INTERESTS IN CARDIOVASCULAR RESEARCH, CARDIOVASCULAR MEDICINE,
11B CLINICAL CARDIOLOGY, BIOMEDICAL ENGINEERING, BIOMECHANICS, COMPUTATION
11B SCIENCE, DEVELOPMENTAL BIOLOGY, GENETICS, FUNCTIONAL GENOMICS,
11B METABOLOMICS, AND PROTEOMICS
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

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

81-4429034
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


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

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
ADDITIONAL VENTURES FOUNDATION
  		Employer identification number
81-4429034
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ERIN HOFFMANN AND MICHAEL SCHROEPFE
314 LYTTON AVE
 
PALO ALTO, CA94301

$ 16,031,751


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
ADDITIONAL VENTURES FOUNDATION
  		Employer identification number

81-4429034
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 PUBLICLY TRADED SECURITIES $ 16,031,751 2024-11-04
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
ADDITIONAL VENTURES FOUNDATION
  		Employer identification number

81-4429034
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
ADDITIONAL VENTURES FOUNDATION
EIN:
81-4429034
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 58,196 29,098   23,966

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

TY 2024 ExpenditureResponsibilityStmt
Name:
ADDITIONAL VENTURES FOUNDATION
EIN:
81-4429034
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
HEART RESEARCH INSTITUTE
  		7 ELIZA ST
NEWTOWN,NSW2042
AS 		2021-06-30 47,776 TOOLS & TECHNOLOGY EXPANSION AWARD 14,201 NONE 6/14/23, 4/17/24, 6/3/24, 8/28/24, 10/16/24, 5/26/25    
IMAGINE INSTITUTE
  		24 MONTPARNASSE
PARIS   75015
FR 		2022-02-18 660,000 SINGLE VENTRICLE RESEARCH FUND 455,419 NONE 3/14/23, 3/15/24, 8/12/24, 2/17/25    
CATHOLIC UNIVERSITY OF LEUVEN
  		3000 LEUVEN WAAISTRAAT 6
BOX    
BE 		2023-05-09 460,000 SINGLE VENTRICLE RESEARCH FUND 263,474 NONE 9/13/24, 9/12/25    
RENATA MEDICAL INC
  		4695 MACARTHUR CT STE 440
NEWPORT BEACH,CA92660 		2023-12-04 263,560 RESEARCH SURROUNDING VIABILITY OF FONTAN GROWTH SHUNT 263,560 NONE 1/3/24, 4/24/24, 6/24/25    
STAR BP INC
  		24 GREENWAY PLAZA STE 2050
HOUSTON,TX77046 		2023-11-15 500,000 PEDIATRIC VENTRICULAR ASSIST DEVICE DESIGN 297,000 NONE 4/22/24    
THE HOSPITAL FOR SICK CHILDREN
  		555 UNIVERSITY AVE
TORONTO,ONTARIO  
CA 		2023-05-01 444,150 SINGLE VENTRICLE RESEARCH FUND 98,278 NONE 4/2/24, 6/25/24, 5/14/25    
RENATA MEDICAL INC
  		4695 MACARTHUR CT STE 440
NEWPORT BEACH,CA92660 		2024-07-26 1,100,000 TRANSCATHETER FONTAN SHUNT DEVELOPMENT 80,541 NONE 6/24/25    

TY 2024 GeneralExplanationAttachment
Name:
ADDITIONAL VENTURES FOUNDATION
EIN:
81-4429034
Identifier Return Reference Explanation
SUMMARY OF DIRECT CHARITABLE ACTIVITIES FORM 990-PF, PART VIII-A ADDITIONAL VENTURES IS BUILDING THE WORLD'S LARGEST GENOMICS DATASET OF SINGLE VENTRICLE PATIENTS AND THEIR IMMEDIATE FAMILY MEMBERS TO FUEL RESEARCH TO DISCOVER THE CAUSES OF SINGLE VENTRICLE HEART DISEASE AS WELL AS THE GENETIC CONTRIBUTORS TO RELATED CO-MORBIDITIES AND COMPLICATIONS. THE DEIDENTIFIED DATA WILL BE MADE AVAILABLE FREE OF CHARGE TO ALL QUALIFIED RESEARCHERS THROUGH A SIMPLE APPLICATION PROCESS. AT LEAST 5,000 SINGLE VENTRICLE PATIENTS AND 5,000 OF THEIR FAMILY MEMBERS WILL BE RECRUITED AND CONSENTED TO PARTICIPATE AND CONTRIBUTE A DNA SAMPLE (CHEEK SWAB) WHICH WILL BE WHOLE GENOME SEQUENCED, AND PATIENTS WILL BE ASKED TO SHARE CARDIAC MEDICAL RECORDS. A WEBSITE PLATFORM ENABLES VIRTUAL RECRUITMENT WITH DNA KITS MAILED TO PARTICIPANTS' HOMES, COMPLEMENTED BY IN-CLINIC RECRUITMENT AT A SMALL NUMBER OF SITES TO INCREASE ENROLLMENT. IN 2024, ADDITIONAL VENTURES PARTNERED WITH IQVIA TO BUILD AND MANAGE THE STUDY SITE PLATFORM, AND WITH GENCOVE AND GENE BY GENE TO CONDUCT SEQUENCING AND DATA PROCESSING. A PILOT STUDY WAS LAUNCHED IN AUGUST, FOLLOWED BY THE FULL STUDY LAUNCH IN DECEMBER 2024.

TY 2024 InvestmentsCorpBondsSchedule
Name:
ADDITIONAL VENTURES FOUNDATION
EIN:
81-4429034
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBVIE INC 441,973 441,973
ALEXANDRIA REAL ESTATE EQUITIES INC 340,242 340,242
ALLSTATE CORP 241,075 241,075
ALLY AUTO 276,246 276,246
AMAZON.COM INC 241,380 241,380
AMERICAN EXPRESS CO 905,004 905,004
AMERICAN HONDA FINANCE CORP 228,648 228,648
AMERICAN TOWER CORP 339,290 339,290
AMGEN INC 212,858 212,858
APPLIED MATERIALS INC 501,650 501,650
ARCHER DANIELS MIDLAND CO 241,653 241,653
AT&T INC 393,080 393,080
BANK OF AMERICA CORP 197,014 197,014
BANK OF MONTREAL 251,923 251,923
BANK OF NEW YORK MELLON CORP 361,684 361,684
BANK OF NOVA SCOTIA 381,171 381,171
BERKSHIRE HATHAWAY INC 246,163 246,163
BOSTON SCIENTIFIC CORP 197,608 197,608
BRISTOL-MYERS SQUIBB CO 484,370 484,370
BURLINGTON NORTHERN SANTA FE 249,000 249,000
CANADIAN IMPERIAL BANK OF COMMERCE 237,915 237,915
CAPITAL ONE FINANCIAL CORP 243,445 243,445
CARMAX AUTO 500,299 500,299
CARVANA AUTO 289,808 289,808
CHARLES SCHWAB CORP 344,220 344,220
CHASE ISSUANCE TRUST 499,359 499,359
CITIBANK 487,652 487,652
CITIGROUP INC 192,376 192,376
COCA-COLA COMPANY 213,198 213,198
COMCAST CORP 381,096 381,096
COMMONWEALTH EDISON CO 241,243 241,243
CONSOLIDATED EDISON INC 243,560 243,560
COOPERATIEVE CENTRALE RAIFFEIS 499,210 499,210
CSX CORP 241,690 241,690
CVS HEALTH CORPORATION 320,360 320,360
DISCOVER BANK 244,388 244,388
DISCOVER CARD 452,295 452,295
DUKE ENERGY 222,513 222,513
EMERSON ELECTRIC CO 451,470 451,470
ERP OPERATING LP 248,590 248,590
FEDEX CORP 244,640 244,640
FIFTH THIRD BANCORP 246,583 246,583
FORD CREDIT 127,385 127,385
GATX CORP 203,263 203,263
GOLDMAN SACHS GROUP INC 221,448 221,448
HARLEY DAVIDSON MOTORCYCLE 304,653 304,653
HEALTHPEAK OP LLC 249,630 249,630
HOME DEPOT INC 239,540 239,540
HONEYWELL INTERNATIONAL INC 325,724 325,724
INTEL CORP 402,575 402,575
INTERCONTINENTAL EXCHANGE INC 496,675 496,675
INTUIT INC 200,398 200,398
JOHN DEERE CAPITAL CORP 273,793 273,793
JOHN DEERE OWNER 509,850 509,850
JOHNSON & JOHNSON 125,828 125,828
JP MORGAN CHASE & CO 498,215 498,215
KEYBANK NATIONAL 348,201 348,201
LAM RESEARCH CORP 486,135 486,135
LOWES COMPANIES INC 238,063 238,063
MASTERCARD INC 211,408 211,408
MEDTRONIC GLOBAL 477,695 477,695
MERCEDES-BENZ AUTO 243,128 243,128
MERCK & CO INC 418,155 418,155
METLIFE INC 353,710 353,710
MORGAN STANLEY 364,973 364,973
NATIONAL RURAL UTILITIES COOPERATIVE 200,713 200,713
NIKE INC 241,003 241,003
NORFOLK SOUTHERN CORP 242,173 242,173
NORTHERN TRUST 444,078 444,078
NUTRIEN LTD 224,923 224,923
PARAMOUNT GLOBAL 197,794 197,794
PFIZER INC 244,038 244,038
PNC FINANCIAL SERVICES GROUP INC 192,948 192,948
PROLOGIS INC 291,281 291,281
PROVIDENCE ST JOSEPH HEALTH 111,664 111,664
REPUBLIC SERVICES INC 202,505 202,505
ROPER TECHNOLOGIES INC 228,395 228,395
ROYAL BANK OF CANADA 189,951 189,951
RTX CORPORATION 204,520 204,520
RYDER SYSTEMS INC 247,548 247,548
SALESFORCE.COM INC 243,453 243,453
SHELL INTERNATIONAL 241,878 241,878
SHERWIN-WILLIAMS CO 229,540 229,540
STATE STREET CORP 475,935 475,935
T MOBILE USA INC 329,347 329,347
TARGET CORP 474,565 474,565
TORONTO DOMINION BANK 330,656 330,656
TOYOTA MOTOR CREDIT CORP 238,410 238,410
UNILEVER CAPITAL CORP 385,084 385,084
UNION PACIFIC CORP 129,495 129,495
UNITEDHEALTH GROUP INC 507,715 507,715
VOLKSWAGEN AUTO LOAN SERVICES 491,689 491,689
WAL-MART INC 244,268 244,268
WALT DISNEY CO 247,503 247,503
WASTE MANAGEMENT INC 192,392 192,392
WELLS FARGO & CO 225,505 225,505
WESTPAC BANKING CORP 450,179 450,179
WORLD OMNI AUTO RECEIVABLES 388,051 388,051
WRKCO INC 223,556 223,556

TY 2024 InvestmentsCorpStockSchedule
Name:
ADDITIONAL VENTURES FOUNDATION
EIN:
81-4429034
Name of Stock End of Year Book Value End of Year Fair Market Value
3M COMPANY 84,038 84,038
ABB LTD 138,894 138,894
ABBOTT LABORATORIES 160,956 160,956
ABBVIE INC 326,257 326,257
ACCENTURE PLC 221,628 221,628
ACS GROUP 51,235 51,235
ADIDAS SALOMON 63,807 63,807
ADOBE SYSTEMS INCORPORATED 204,108 204,108
ADVANCED MICRO DEVICES INC 201,478 201,478
ADVANTEST CORP 34,703 34,703
ADYEN NV 37,823 37,823
AFLAC INC 46,238 46,238
AGILENT TECHNOLOGIES INC 27,405 27,405
AGNICO EAGLE MINES LTD 33,396 33,396
AIA GROUP 94,472 94,472
AIR LIQUIDE 72,800 72,800
AIRBNB 40,606 40,606
AIRBUS SE 111,259 111,259
AKAMAI TECH 95,554 95,554
AKZO NOBEL NV 21,586 21,586
ALBEMARLE 10,760 10,760
ALCON INC 73,600 73,600
ALEXANDRIA REAL ESTATE EQUITIES INC 26,046 26,046
ALIGN TECHNOLOGY INC 20,434 20,434
ALLEGHANY CORP 19,516 19,516
ALLIANZ SE 98,705 98,705
ALLSTATE CORP 69,597 69,597
ALLY FINANCIAL INC 20,382 20,382
ALNYLAM PHARMACEUTICALS 32,237 32,237
ALPHABET INC CL A 1,220,039 1,220,039
ALPHABET INC CL C 973,529 973,529
ALTRIA GROUP INC 65,990 65,990
AMADEUS IT HOLDING 47,685 47,685
AMAZON.COM INC 2,019,046 2,019,046
AMERICAN ELECTRIC POWER CO INC 67,236 67,236
AMERICAN EXPRESS CO 179,261 179,261
AMERICAN INTERNATIONAL GROUP 76,658 76,658
AMERICAN TOWER CORP 88,037 88,037
AMERIPRISE FINANCIAL INC 103,291 103,291
AMGEN INC 114,942 114,942
ANALOG DEVICES INC 57,789 57,789
ANGLO AMERICAN PLC 46,138 46,138
ANHEUSER-BUSCH INBEV 54,576 54,576
ANSYS INC 44,528 44,528
ANZ GROUP HOLDINGS LIMITED 71,732 71,732
AON PLC 80,452 80,452
APOLLO GLOBAL MANAGEMENT INC 85,388 85,388
APPLE INC 3,839,439 3,839,439
APPLIED MATERIALS INC 165,232 165,232
APPLOVIN CORP 75,776 75,776
APTIV PLC 22,801 22,801
ARCHER DANIELS MIDLAND CO 35,869 35,869
ARGENX SE 62,730 62,730
ARISTA NETWORKS INC 143,689 143,689
ARTHUR J GALLAGHER 96,793 96,793
ASAHI KASEI 14,883 14,883
ASHTEAD GROUP 39,854 39,854
ASML HOLDINGS 282,777 282,777
ASSA ABLOY 80,619 80,619
ASSOCIATED BRITISH FOODS 42,006 42,006
ASTELLAS PHARMA 37,036 37,036
ASTRAZENECA 213,333 213,333
AT&T INC 222,349 222,349
ATLAS COPCO AB 51,881 51,881
ATLAS COPCO CL A 43,073 43,073
ATLASSIAN CORPORATION 46,729 46,729
ATMOS ENERGY CORP 21,308 21,308
AUTO TRADER GROUP 88,467 88,467
AUTODESK INC 79,508 79,508
AUTOMATIC DATA PROCESSING INC 91,624 91,624
AUTOZONE INC 64,040 64,040
AVALONBAY COMMUNITIES INC 67,091 67,091
AVANTOR INC COM 31,352 31,352
AVIVA 36,041 36,041
AXA 84,396 84,396
AXON ENTERPRISE INC 84,393 84,393
BAE SYSTEMS 43,956 43,956
BANCO BILBAO VIZCAYA ARGENTARIA SA 61,119 61,119
BANCO SANTANDER SA 61,806 61,806
BANK OF AMERICA CORP 312,924 312,924
BANK OF MONTREAL 86,472 86,472
BANK OF NEW YORK MELLON CORP 93,963 93,963
BANK OF NOVA SCOTIA 74,241 74,241
BARCLAYS PLC 77,560 77,560
BARRICK GOLD CORP 48,949 48,949
BASF SE 44,821 44,821
BAXTER INTERNATIONAL INC 29,189 29,189
BAYER 11,414 11,414
BECTON DICKINSON & CO 70,103 70,103
BEIERSDORF AG 43,316 43,316
BENTLEY SYSTEMS INC 32,690 32,690
BERKSHIRE HATHAWAY INC 569,773 569,773
BEST BUY INC 36,980 36,980
BHP BILLITON LTD 161,432 161,432
BIOMARIN PHARMACEUTICAL INC 22,545 22,545
BLACKROCK INC 89,185 89,185
BLACKSTONE GROUP INC 118,280 118,280
BLOCK INC 57,368 57,368
BNP PARIBAS 64,470 64,470
BOEING CO 97,881 97,881
BOOKING HOLDINGS INC 183,832 183,832
BOSTON SCIENTIFIC CORP 142,376 142,376
BP PLC 74,935 74,935
BRAMBLES LTD 79,964 79,964
BRIDGESTONE 58,344 58,344
BRISTOL-MYERS SQUIBB CO 117,532 117,532
BRITISH AMERICAN TOBACCO 77,543 77,543
BROADCOM INC 1,031,688 1,031,688
BROOKFIELD 94,218 94,218
BUILDERS FIRSTSOURCE INC 47,882 47,882
BURLINGTON STORES 43,614 43,614
BXP INC 10,559 10,559
CADENCE DESIGN SYSTEMS INC 71,509 71,509
CAIXABANK 11,714 11,714
CAMECO CORP 52,521 52,521
CANADIAN NATIONAL RAILWAY CO 70,042 70,042
CANADIAN NATURAL RESOURCES LTD 93,227 93,227
CANADIAN PACIFIC RAILWAY LIMITED 65,712 65,712
CANON 88,644 88,644
CAPITAL ONE FINANCIAL CORP 89,160 89,160
CARLSBERG AS 20,100 20,100
CARMAX INC 28,861 28,861
CARNIVAL CORP 33,667 33,667
CARREFOUR SA 26,265 26,265
CARRIER GLOBAL CORPORATION 92,151 92,151
CATERPILLAR INC 208,224 208,224
CBOE HOLDINGS INC 65,459 65,459
CDW CORP 49,775 49,775
CENOVUS ENRGY 29,376 29,376
CENTENE CORP 48,464 48,464
CENTRAL JAPAN RAILWAY 17,167 17,167
CF INDUSTRIES HOLDINGS INC 37,029 37,029
CGI INC 75,868 75,868
CH ROBINSON WORLDWIDE INC 23,350 23,350
CHARTER COMMUNICATIONS 37,705 37,705
CHECK POINT SOFTWARE TECHNOLOGIES LTD 49,849 49,849
CHENIERE ENERGY INC 60,808 60,808
CHEVRON CORP 256,367 256,367
CHIPOTLE MEXICAN GRILL 93,465 93,465
CHUBB LIMITED 102,784 102,784
CHURCH & DWIGHT INC 51,727 51,727
CIGNA CORP 92,507 92,507
CINCINNATI FINANCIAL CORP 29,315 29,315
CISCO SYSTEMS INC 239,050 239,050
CITIGROUP INC 199,133 199,133
CITIZENS FINANCIAL GROUP 20,042 20,042
CK HUTCHISON 36,496 36,496
CLOUDFARE INC 107,680 107,680
CME GROUP INC 73,385 73,385
COCA-COLA COMPANY 231,545 231,545
COCA-COLA EUROPEAN 62,062 62,062
COGNIZANT TECH SOLUTIONS CORP 74,209 74,209
COINBASE GLOBAL INC 55,868 55,868
COLGATE-PALMOLIVE CO 89,183 89,183
COMCAST CORP 131,918 131,918
COMMONWEALTH BANK OF AUSTRALIA 188,450 188,450
COMPAGNIE DE ST GOBAIN 86,011 86,011
COMPAGNIE FINANCIERE RICHEMONT SA 110,283 110,283
COMPASS GROUP PLC 99,930 99,930
CONAGRA BRANDS INC 18,815 18,815
CONOCOPHILLIPS 120,293 120,293
CONSOLIDATED EDISON INC 71,830 71,830
CONSTELLATION BRANDS INC 55,029 55,029
CONSTELLATION ENERGY 82,549 82,549
CONTINENTAL 16,049 16,049
COPART 75,066 75,066
CORTEVA INC 46,479 46,479
COSTAR GP 27,705 27,705
COSTCO WHOLESALE CORP 377,503 377,503
COTERRA ENERGY INC 48,296 48,296
COVESTRO AG 22,618 22,618
CRH 130,731 130,731
CROWDSTRIKE HOLDINGS 125,915 125,915
CROWN CASTLE 35,941 35,941
CSL LTD 88,873 88,873
CSX CORP 74,641 74,641
CUMMINS INC 74,600 74,600
CVS HEALTH CORPORATION 57,055 57,055
DAI NIPPON PRINTING CO LTD 36,924 36,924
DAIICHI SANKYO CO LTD 61,348 61,348
DAIKIN INDUSTRIES 44,559 44,559
DAITO TRUST CONSTRUCTION CO LTD 34,265 34,265
DAIWA SECURITIES GROUP 11,620 11,620
DANAHER CORP 168,719 168,719
DANONE 71,783 71,783
DARDEN RESTAURANTS INC 53,393 53,393
DASSAULT SYSTEMES 41,569 41,569
DATADOG INC 36,580 36,580
DAYFORCE INC 30,146 30,146
DBS GROUP HOLDINGS 54,289 54,289
DECKERS OUTDOOR CORP 73,112 73,112
DEERE & CO 138,974 138,974
DELL TECHNOLOGIES 37,107 37,107
DENSO 49,250 49,250
DEUTSCHE BANK 61,056 61,056
DEUTSCHE BOERSE AG 45,491 45,491
DEUTSCHE POST AG 44,253 44,253
DEUTSCHE TELEKOM AG 105,341 105,341
DEVON ENERGY CORP 23,762 23,762
DEXCOM INC 34,841 34,841
DIAGEO ADR 58,098 58,098
DIAMONDBACK ENERGY 67,498 67,498
DIGITAL REALTY TRUST INC 51,958 51,958
DISCO CORPORATION 45,063 45,063
DISCOVER FINANCIAL SERVICES 75,009 75,009
DOCUSIGN INC 31,389 31,389
DOLLAR GENERAL CORPORATION 17,514 17,514
DOLLAR TREE INC 18,061 18,061
DOMINION RESOURCES INC 55,799 55,799
DOORDASH INC 34,557 34,557
DOW CHEMICAL 34,351 34,351
DR HORTON INC 67,533 67,533
DSV AS 69,136 69,136
DUKE ENERGY 100,306 100,306
DUPONT DE NEMOURS INC 58,865 58,865
EAST JAPAN RAILWAY CO 19,373 19,373
EASTMAN CHEMICAL CO 16,803 16,803
EATON CORP PLC 139,385 139,385
ECOLAB INC 74,982 74,982
EDENRED 23,541 23,541
EDISON INTERNATIONAL 77,285 77,285
EDWARDS LIFESCIENCES CORPORATION 47,453 47,453
EISAI CO LTD 15,475 15,475
ELECTRONIC ARTS INC 58,374 58,374
ELEVANCE HEALTH INC 83,740 83,740
ELI LILLY & CO 623,776 623,776
EMERSON ELECTRIC CO 98,896 98,896
ENBRIDGE INC 110,021 110,021
ENEL SOCIETA PER AZIONI 88,656 88,656
ENGIE 47,057 47,057
ENPHASE ENERGY INC 12,568 12,568
ENTE NAZIONALE IDROCARBURI SPA 27,579 27,579
ENTERGY CORP 28,812 28,812
EOG RESOURCES INC 71,587 71,587
EPAM SYSTEMS INC 19,875 19,875
EQUIFAX INC 58,870 58,870
EQUINIX INC 94,289 94,289
EQUINOR ASA 35,440 35,440
EQUITABLE HOLDINGS INC 39,151 39,151
EQUITY RESIDENTIAL 60,637 60,637
ERICSSON LM TELECOM CO 39,978 39,978
ERSTE GROUP BANK 51,442 51,442
ESSEX PROPERTY TRUST INC 57,659 57,659
ESSILOR INTERNATIONAL SA 86,762 86,762
ESTEE LAUDER COMPANIES INC 17,995 17,995
EVEREST REINSURANCE GROUP LTD 26,460 26,460
EVERSOURCE ENERGY 49,332 49,332
EVOLUTION GAMING 18,290 18,290
EXACT SCIENCES CORP 18,992 18,992
EXELON CORP 63,687 63,687
EXPEDIA INC 42,111 42,111
EXPEDITORS INTERNATIONAL OF WASHINGTON INC 27,249 27,249
EXPERIAN 65,676 65,676
EXXON MOBIL CORP 481,053 481,053
F5 NETWORKS INC 22,632 22,632
FAIR ISAAC CORP 115,474 115,474
FANUC 36,473 36,473
FAST RETAILING 66,704 66,704
FEDEX CORP 83,836 83,836
FERGUSON ENTERPRISES INC 64,394 64,394
FERRARI NV 84,118 84,118
FIDELITY NATIONAL INFORMATION SERVICES INC 61,143 61,143
FIRST SOLAR INC 25,731 25,731
FISERV INC 146,875 146,875
FLUIDFORM BIO INC 2,340,480 2,340,480
FLUTTER ENTERTAINMENT PLC 55,050 55,050
FORD MOTOR CO 44,144 44,144
FORTESCUE METALS 33,314 33,314
FORTINET INC 59,995 59,995
FORTIVE CORP 37,500 37,500
FOX CORP 24,436 24,436
FRANCO NEVADA CORP 32,690 32,690
FREEPORT MCMORAN COPPER & GOLD 63,213 63,213
FRESENIUS MEDICAL CARE AG 22,142 22,142
FRESENIUS SE & CO 25,725 25,725
FUJITSU LIMITED 69,783 69,783
GAC INC 15,657 15,657
GE AEROSPACE 217,828 217,828
GE HEALTHCARE TECHNOLOGIES INC 36,901 36,901
GE VERNOVA INC 107,231 107,231
GEBERIT AG 44,306 44,306
GEN DIGITAL INC 21,028 21,028
GENERAL MILLS INC 52,355 52,355
GENERAL MOTORS CO 85,765 85,765
GENMAB AS 28,863 28,863
GILDAN ACTIVEWEAR INC 41,969 41,969
GILEAD SCIENCES INC 127,563 127,563
GIVAUDAN 41,449 41,449
GLENCORE INTERNATIONAL 57,522 57,522
GLOBAL PAYMENTS INC 40,230 40,230
GODADDY INC 137,172 137,172
GOLDMAN SACHS GROUP INC 111,661 111,661
GRIFOLS 10,773 10,773
GSK PLC 72,273 72,273
HALLIBURTON CO 40,540 40,540
HANG SENG BANK 29,475 29,475
HANNOVER RUECK SE 60,074 60,074
HCA HOLDINGS INC 61,231 61,231
HEIDELBERG MATERIALS 30,612 30,612
HEINEKEN HOLDINGS NV 32,242 32,242
HEINEKEN NV 39,343 39,343
HENDERSON LAND DEVELOPMENT CO 5,841 5,841
HENKEL AG & CO 111,355 111,355
HENNES & MAURITZ 30,833 30,833
HERMES INTERNATIONAL 62,626 62,626
HESS CORPORATION 44,558 44,558
HEWLETT PACKARD ENTERPRISE CO 55,403 55,403
HILTON WORLDWIDE 105,290 105,290
HITACHI 153,573 153,573
HOLCIM LTD 78,266 78,266
HOLOGIC INC 33,882 33,882
HOME DEPOT INC 304,968 304,968
HONDA MOTOR 36,230 36,230
HONEYWELL INTERNATIONAL INC 79,062 79,062
HONG KONG & CHINA GAS 5,786 5,786
HONG KONG EXCHANGES & CLEARING 61,812 61,812
HOST HOTELS & RESORTS INC 19,097 19,097
HOWMET AEROSPACE INC 87,387 87,387
HOYA CORP 57,908 57,908
HP INC 45,225 45,225
HSBC HOLDINGS PLC 200,016 200,016
HUBSPOT INC 52,955 52,955
HUMANA INC 39,579 39,579
HUNTINGTON BANCSHARES INC 21,802 21,802
IBERDROLA SA 101,127 101,127
IBM CORP 185,317 185,317
IDEX CORP 42,067 42,067
IDEXX LABORATORIES 42,171 42,171
ILLINOIS TOOL WORKS INC 99,903 99,903
ILLUMINA 25,390 25,390
INCYTE CORP 133,749 133,749
INFINEON TECHNOLOGIES AG 52,245 52,245
INFORMA PLC 22,938 22,938
ING GROEP NV 90,071 90,071
INGERSOLL RAND INC 73,634 73,634
INPEX CORP 6,558 6,558
INSULET CORPORATION 30,023 30,023
INTEL CORP 68,030 68,030
INTERCONTINENTAL EXCHANGE INC 88,661 88,661
INTERCONTINENTAL HOTELS GROUP 69,081 69,081
INTERNATIONAL PAPER CO 25,726 25,726
INTESA SANPAOLO SPA 97,155 97,155
INTUIT INC 145,184 145,184
INTUITIVE SURGICAL INC 212,438 212,438
IQVIA HOLDINGS INC 44,018 44,018
ISUZU MOTORS LTD 5,148 5,148
ITOCHU CORP 56,573 56,573
J SAINSBURY 26,258 26,258
JAMES HARDIE INDUSTRIES PLC 32,412 32,412
JAPAN AIRLINES CO 30,541 30,541
JAPAN EXCHANGE GROUP 49,551 49,551
JARDINE MATHESON HOLDINGS LTD 5,325 5,325
JM SMUCKER CO 36,560 36,560
JOHNSON & JOHNSON 299,074 299,074
JOHNSON CONTROLS INTERNATIONAL PLC 60,381 60,381
JP MORGAN CHASE & CO 575,544 575,544
JULIUS BAER GRUPPE 51,147 51,147
JUNIPER NETWORKS INC 16,740 16,740
KAO CORP 22,462 22,462
KBC GROUP 20,905 20,905
KDDI CORP 65,133 65,133
KELLANOVA 105,423 105,423
KEPPEL LTD 4,412 4,412
KERING 22,093 22,093
KEYCORP 21,288 21,288
KINGFISHER 16,277 16,277
KIRIN HOLDINGS COMPANY LTD 22,157 22,157
KKR & CO INC 48,219 48,219
KLA-TENCOR CORP 111,531 111,531
KNIGHT SWIFT TRANSN 24,186 24,186
KNORR BREMSE AG 13,501 13,501
KONE CORPORATION 33,930 33,930
KONINKLIJKE AHOLD NV 61,954 61,954
KONINKLIJKE PHILIPS NV 34,309 34,309
KRAFT HEINZ CO 38,265 38,265
KUBOTA CORP 30,639 30,639
KUBOTA LTD 53,629 53,629
KUEHNE & NAGEL INTERNATIONAL 44,825 44,825
KYOCERA CORP 46,274 46,274
L3HARRIS 54,883 54,883
L'AIR LIQUIDE 87,172 87,172
LAM RESEARCH CORP 127,125 127,125
LAS VEGAS SANDS 28,916 28,916
LASERTEC CORP 14,420 14,420
LENNAR CORP 52,366 52,366
LINDE PLC 185,471 185,471
LIVE NATION INC 62,937 62,937
LLOYDS TSB GROUP 68,517 68,517
LOCKHEED MARTIN CORP 108,851 108,851
LOEWS CORP 35,570 35,570
LOGITECH INTERNATIONAL 26,928 26,928
LONDON STOCK 64,563 64,563
LONZA GROUP 47,142 47,142
LOREAL 68,298 68,298
LOWES COMPANIES INC 138,208 138,208
LULULEMON ATHLETICA 51,243 51,243
LVMH MOET HENNESSY - LOUIS VUITTON 138,793 138,793
LY CORPORATION 66,129 66,129
M&T BANK CORPORATION 43,994 43,994
MACQUARIE GROUP 69,236 69,236
MAGNA INTERNATIONAL 27,958 27,958
MAKITA 29,563 29,563
MANULIFE FINANCIAL CORP 126,126 126,126
MARATHON PETROLEUM CORP 63,054 63,054
MARKETAXESS HOLDINGS 18,761 18,761
MARRIOTT INTERNATIONAL INC 65,272 65,272
MARSH & MCLENNAN COMPANIES INC 101,107 101,107
MARTIN MARIETTA MATERIALS INC 46,485 46,485
MARUBENI CORP 19,091 19,091
MARVELL TECHNOLOGY GROUP LTD 114,868 114,868
MASTERCARD INC 455,483 455,483
MATCH GROUP INC 30,715 30,715
MCCORMICK & CO NV 37,815 37,815
MCDONALDS CORP 148,134 148,134
MCKESSON CORP 84,917 84,917
MEDTRONIC PLC 115,826 115,826
MERCADOLIBRE 93,524 93,524
MERCK & CO INC 265,313 265,313
METLIFE INC 61,656 61,656
METTLER-TOLEDO INTERNATIONAL 29,368 29,368
MICRON TECHNOLOGY INC 113,195 113,195
MICROSOFT CORP 2,942,492 2,942,492
MICROSTRATEGY 48,656 48,656
MITSUBISHI ESTATE LTD 58,074 58,074
MITSUBISHI UFJ FINANCIAL GROUP INC 177,663 177,663
MITSUI & CO LTD 64,968 64,968
MIZUHO FINANCIAL GROUP 99,375 99,375
MODERNA INC 15,717 15,717
MONDELEZ INTERNATIONAL INC 90,371 90,371
MONGODB INC 33,292 33,292
MONSTER BEVERAGE 26,017 26,017
MOODY'S CORP 106,508 106,508
MORGAN STANLEY 162,933 162,933
MOSAIC COMPANY 15,952 15,952
MOTOROLA SOLUTIONS INC 76,730 76,730
MOWI ASA 30,333 30,333
MS & AD INSURANCE GROUP HOLDINGS 19,985 19,985
MSCI INC 64,201 64,201
MUENCHENER RUECKVERSICHERUNGS 110,821 110,821
MURATA MANUFACTURING CO LTD 41,955 41,955
NATIONAL AUSTRALIA BANK LTD 107,296 107,296
NATIONAL GRID GROUP 77,187 77,187
NATWEST GROUP PLC 47,514 47,514
NESTE OYJ 11,644 11,644
NESTLE 210,868 210,868
NETFLIX 411,790 411,790
NEWMONT MINING CORP 71,909 71,909
NEXTERA ENERGY INC 147,180 147,180
NICE SYSTEMS LTD 34,647 34,647
NIDEC CORPORATION 28,009 28,009
NIKE INC 97,085 97,085
NINTENDO LTD 78,783 78,783
NITTO DENKO CORP 35,125 35,125
NOMURA HOLDINGS 53,906 53,906
NORFOLK SOUTHERN CORP 61,491 61,491
NORSK HYDRO ASA 12,313 12,313
NORTHERN TRUST 26,753 26,753
NORTHROP GRUMMAN CORPORATION 88,227 88,227
NOVARTIS AG 202,307 202,307
NOVO NORDISK 305,027 305,027
NOVONESIS 30,418 30,418
NUCOR CORP 38,514 38,514
NUTRIEN LTD 21,391 21,391
NVIDIA CORP 3,315,604 3,315,604
NXP SEMICONDUCTOR NV 69,630 69,630
OCCIDENTAL PETROLEUM CORP 25,594 25,594
OKTA INC 30,890 30,890
OLD DOMINION FREIGHT LINES 46,217 46,217
OLYMPUS CORPORATION 33,301 33,301
OMNICOM GROUP INC 35,707 35,707
OMRON CORP 21,042 21,042
ON SEMICONDUCTOR CORP 31,336 31,336
ONEOK INC 63,252 63,252
OPEN TEXT CORP 40,356 40,356
ORACLE CORP 297,119 297,119
ORANGE SA 36,890 36,890
O'REILLY AUTOMOTIVE INC 77,077 77,077
ORIX CORPORATION 33,781 33,781
ORSTED AS 14,870 14,870
OTSUKA HOLDINGS 13,753 13,753
OVERSEA-CHINESE BANKING CORP 24,786 24,786
PALANTIR TECHNOLOGIES INC 148,386 148,386
PALO ALTO NETWORKS 132,831 132,831
PAN PACIFIC INTERNATIONAL 26,419 26,419
PANASONIC HOLDINGS CORP 54,048 54,048
PANDORA AS 59,241 59,241
PARKER HANNIFIN CORP 132,930 132,930
PAYCOM SOFTWARE INC 30,131 30,131
PAYPAL HOLDINGS INC 91,154 91,154
PEARSON PLC 30,144 30,144
PEPSICO INC 197,678 197,678
PERNOD-RICARD 36,777 36,777
PERSIMMON 4,050 4,050
PFIZER INC 133,287 133,287
PG&E CORP 65,282 65,282
PHILIP MORRIS INTERNATIONAL 178,599 178,599
PHILIPS ELECTRONICS 81,802 81,802
PHILLIPS 66 66,033 66,033
PNC FINANCIAL SERVICES GROUP INC 97,004 97,004
PPG INDUSTRIES INC 45,510 45,510
PPL CORP 49,469 49,469
PROCTER & GAMBLE CO 375,201 375,201
PROGRESSIVE CORP 200,554 200,554
PROLOGIS INC 115,847 115,847
PROSUS NV 83,910 83,910
PRUDENTIAL FINANCIAL INC 103,783 103,783
PTC INC 34,568 34,568
PUBLIC SERVICE ENTERPRISE GROUP 91,165 91,165
PUBLIC STORAGE 129,957 129,957
PULTEGROUP 60,548 60,548
QBE INSURANCE GROUP LTD 44,153 44,153
QUALCOMM 152,545 152,545
RAKUTEN INC 4,428 4,428
RAYMOND JAMES FINANCIAL 48,929 48,929
RB GLOBAL INC 37,708 37,708
REALTY INCOME CORP 61,635 61,635
RECKITT BENCKISER 66,002 66,002
RECRUIT HOLDINGS CO 90,093 90,093
REGENCY CENTERS 40,662 40,662
REGENERON PHARMACEUTICALS 84,055 84,055
REGIONS FINANCIAL CORP 24,884 24,884
RELX PLC 111,006 111,006
RENATA MEDICAL INC 1,999,997 1,999,997
RESMED INC 56,944 56,944
RESTAURANT BRANDS 44,322 44,322
REVVITY INC 29,019 29,019
RIO TINTO PLC 55,693 55,693
ROCHE HOLDING LTD 166,796 166,796
ROCKWELL AUTOMATION INC 32,008 32,008
ROGERS COMMUNICATIONS INC 27,626 27,626
ROKU INC 17,767 17,767
ROLLS-ROYCE HOLDINGS 130,860 130,860
ROSS STORES INC 54,155 54,155
ROYAL BANK OF CANADA 115,690 115,690
ROYAL CARIBBEAN CRUISES LTD 90,200 90,200
RTX CORPORATION 181,449 181,449
RWE AG 32,052 32,052
S&P GLOBAL INC 174,311 174,311
SAFRAN SA 116,576 116,576
SALESFORCE.COM INC 327,643 327,643
SANDOZ GROUP 16,808 16,808
SANDVIK AB 25,955 25,955
SANOFI-AVENTIS 121,154 121,154
SANTOS LTD 28,169 28,169
SAP AG 257,536 257,536
SBA COMMUNICATIONS 35,665 35,665
SCHLUMBERGER LTD 81,511 81,511
SCHNEIDER ELECTRIC 149,764 149,764
SEA LIMITED 51,246 51,246
SECOM CO LTD 33,151 33,151
SEI INVESTMENTS CO 55,674 55,674
SEIKO EPSON CORP 45,828 45,828
SEKISUI HOUSE LTD 7,006 7,006
SEMPRA 152,194 152,194
SERVICENOW INC 208,844 208,844
SEVEN & I HOLDINGS 48,389 48,389
SHELL PLC 197,285 197,285
SHERWIN-WILLIAMS CO 86,342 86,342
SHIMANO INC 30,266 30,266
SHIN-ETSU CHEMICAL CORP 76,322 76,322
SHISEIDO LTD 14,709 14,709
SHOPIFY INC 218,083 218,083
SIEMENS AG 159,039 159,039
SIEMENS HEALTHINEERS AG 21,627 21,627
SIKA AG 39,749 39,749
SIMON PROPERTY GROUP INC 75,084 75,084
SINGAPORE EXCHANGE 30,590 30,590
SINGAPORE TELECOMMUNICATIONS LTD 64,954 64,954
SKF AB 21,223 21,223
SKYWORKS SOLUTIONS INC 25,185 25,185
SMC CORP JAPAN 40,969 40,969
SMURFIT WESTROCK PLC 18,582 18,582
SNAP INC 64,717 64,717
SNOWFLAKE INC 107,315 107,315
SOCIETE GENERALE 22,634 22,634
SOFTBANK 44,988 44,988
SOFTBANK CORP 91,280 91,280
SOLVETUM CORP 10,702 10,702
SONIC HEALTHCARE LTD 22,268 22,268
SONY CORP 122,199 122,199
SOUTH32 LIMITED 40,775 40,775
SOUTHERN COMPANY 109,403 109,403
SPOTIFY TECHNOLOGY SA 56,370 56,370
SSE PLC 27,723 27,723
STANLEY BLACK & DECKER INC 25,131 25,131
STARBUCKS CORP 107,858 107,858
STATE STREET CORP 58,596 58,596
STEEL DYNAMICS INC 37,073 37,073
STELLANTIS NV 31,946 31,946
STERIS PLC 27,956 27,956
STMICROELECTRONICS 17,704 17,704
STORA ENSO 12,974 12,974
STRYKER CORP 123,857 123,857
SUBARU CORP 34,315 34,315
SUMITOMO MITSUI FINANCIAL GROUP INC 131,830 131,830
SUMITOMO MITSUI TRUST GROUP INC 48,631 48,631
SUN COMMUNITIES 33,694 33,694
SUN LIFE FINANCIAL 51,863 51,863
SUNCOR ENERGY INC 70,539 70,539
SUNTORY BEVERAGE & FOOD LIMITED 19,020 19,020
SUPER MICRO COMPUTER INC 39,014 39,014
SUZUKI MOTOR CORP 15,851 15,851
SVENSKA HANDELSBANKEN AB 32,188 32,188
SWIRE PACIFIC LTD 32,340 32,340
SWISS RE LTD 94,946 94,946
SYMRISE AG 32,564 32,564
SYNCHRONY FINANCIAL 73,840 73,840
SYNOPSYS INC 80,570 80,570
SYSCO CORP 47,023 47,023
SYSMEX CORP 27,493 27,493
TAKE TWO INTERACTIVE SOFTWARE 49,333 49,333
TAKEDA PHARMACEUTICAL CO 76,686 76,686
TARGET CORP 74,890 74,890
TC ENERGY 54,068 54,068
TDK CORP 27,605 27,605
TECHTRONIC INDUSTRIES 37,660 37,660
TECK RESOURCES LTD 42,597 42,597
TELEDYNE TECH 27,384 27,384
TELEFONICA SA 22,886 22,886
TELEPERFORMANCE SE 14,624 14,624
TELSTRA 59,407 59,407
TEMENOS AG 9,029 9,029
TERADYNE INC 46,213 46,213
TESCO 14 14
TESLA MOTORS INC 1,135,598 1,135,598
TEXAS INSTRUMENTS INC 165,196 165,196
THE CHARLES SCHWAB CORPORATION 106,352 106,352
THE TJX COMPANIES INC 135,670 135,670
THE TRADE DESK INC 61,468 61,468
THERMO FISHER 171,156 171,156
THOMSON REUTERS CORPORATION 116,596 116,596
T-MOBILE US INC 120,298 120,298
TOKIO MARINE HOLDINGS INC 113,247 113,247
TOKYO ELECTRON LTD 75,188 75,188
TORONTO DOMINION BANK 81,564 81,564
TOTAL SA 142,300 142,300
TOYOTA MOTOR CORP 209,011 209,011
TRACTOR SUPPLY 49,081 49,081
TRANE TECHNOLOGIES PLC 84,951 84,951
TRANSDIGM GROUP 96,313 96,313
TRANSUNION 27,257 27,257
TRASMISSIONE ELETTRICITA 30,225 30,225
TRAVELERS COMPANIES INC 72,749 72,749
TREASURY WINE ESTATES LTD 18,580 18,580
TREND MICRO 6,700 6,700
TRUIST FINANCIAL CORP 71,230 71,230
TWILIO INC 129,804 129,804
TYLER TECHNOLOGIES INC 38,635 38,635
U HAUL HOLDING COMPANY 72,633 72,633
UBER TECHNOLOGIES 94,944 94,944
UBS GROUP 69,736 69,736
UCB SA 70,974 70,974
UDR INC 52,743 52,743
ULTA SALON COSMETICS & FRAGRANCE 29,140 29,140
UNICHARM 24,240 24,240
UNICREDIT SPA 70,090 70,090
UNILEVER 99,735 99,735
UNION PACIFIC CORP 141,841 141,841
UNITED OVERSEAS BANK LTD 56,434 56,434
UNITED PARCEL SERVICE INC 68,472 68,472
UNITED RENTALS INC 85,942 85,942
UNITEDHEALTH GROUP INC 485,626 485,626
UPM-KYMMENE OYJ 38,323 38,323
US BANCORP 83,989 83,989
VALERO ENERGY CORPORATION 26,357 26,357
VEEVA SYSTEMS INC 42,681 42,681
VENTAS INC 45,345 45,345
VEOLIA ENTERTAINMENT 45,634 45,634
VERALTO CORPORATION 24,953 24,953
VERISIGN INC 117,967 117,967
VERISK ANALYTICS INC 42,416 42,416
VERIZON COMMUNICATIONS 173,357 173,357
VERTEX PHARMACEUTICALS INC 128,864 128,864
VERTIVE HOLDINGS CO 53,169 53,169
VESTAS WIND SYSTEMS 18,202 18,202
VIATRIS INC 23,095 23,095
VICI PROPERTIES INC 50,533 50,533
VINCI SA 67,403 67,403
VISA INC 525,575 525,575
VISTRA CORP 42,740 42,740
VIVENDI SA 14,516 14,516
VODAFONE GROUP PLC 31,396 31,396
VOLVO AB 76,869 76,869
VULCAN MATERIALS 35,498 35,498
WABTEC 51,379 51,379
WAL-MART INC 567,579 567,579
WALT DISNEY CO 184,346 184,346
WARNER BROS DISCOVERY INC 37,037 37,037
WASTE CONNECTIONS 77,383 77,383
WASTE MANAGEMENT INC 94,841 94,841
WEC ENERGY GROUP INC 55,954 55,954
WELLS FARGO & CO 252,021 252,021
WELLTOWER INC 75,114 75,114
WESFARMERS LTD 96,008 96,008
WEST JAPAN RAILWAY 23,190 23,190
WEST PHARMACEUTICAL SERVICES 43,238 43,238
WESTERN DIGITAL CORP 25,939 25,939
WHITBREAD 2,846 2,846
WILLIAMS COMPANIES INC 106,725 106,725
WILLIS TOWERS WATSON 88,020 88,020
WIX.COM LTD 86,893 86,893
WOODSIDE PETROLEUM 23,774 23,774
WORKDAY INC 70,958 70,958
WPP PLC 23,541 23,541
XCEL ENERGY INC 73,462 73,462
ZALANDO SE 18,876 18,876
ZEBRA TECHNOLOGIES CORP 36,305 36,305
ZIMMER BIOMET HOLDINGS INC 44,576 44,576
ZOETIS INC 91,241 91,241
ZOOM COMMUNICATIONS INC 26,115 26,115
ZOOMINFO TECHNOLOGIES 9,354 9,354
ZSCALER INC 32,293 32,293
ZURICH INSURANCE 101,659 101,659

TY 2024 InvestmentsGovtObligationsSch
Name:
ADDITIONAL VENTURES FOUNDATION
EIN:
81-4429034
US Government Securities - End of Year Book Value:

23,442,114
US Government Securities - End of Year Fair Market Value:

23,442,114
State & Local Government Securities - End of Year Book Value:


5,431,604
State & Local Government Securities - End of Year Fair Market Value:


5,431,604


TY 2024 InvestmentsOtherSchedule2
Name:
ADDITIONAL VENTURES FOUNDATION
EIN:
81-4429034
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACCRUED INCOME FMV 441,734 441,734
BB HOLDINGS CS FEEDER LP FMV 193,576 193,576
CO-INVESTMENT PORTFOLIO 2020 LP FMV 2,512,614 2,512,614
CO-INVESTMENT PORTFOLIO TE 2021 LP FMV 1,692,723 1,692,723
CO-INVESTMENT PORTFOLIO TE 2022 LP FMV 2,181,924 2,181,924
CO-INVESTMENT PORTFOLIO TE 2023 LP FMV 947,580 947,580
CO-INVESTMENT PORTFOLIO TE 2024 LP FMV 1,189,334 1,189,334
CO-INVESTMENT PORTFOLIO TE 2025 LP FMV 248,195 248,195
EMERGING MARKETS PORTFOLIO FEEDER FUND LP FMV 17,497,450 17,497,450
GLIDE PATH SOLUTIONS 2020 LP FMV 3,709,328 3,709,328
ICONIQ RESIDENTIAL PARTNERS FUND B LP FMV 947,802 947,802
ICONIQ STRATEGIC PARTNERS IV-B LP FMV 1,439,898 1,439,898
ICQ CPE 2019 B LP FMV 2,184,108 2,184,108
ICQ CVC 2019 B LP FMV 688,840 688,840
PRIVATE CREDIT PORTFOLIO TE 2021 LP FMV 557,838 557,838
PRIVATE CREDIT PORTFOLIO TE 2022 LP FMV 766,205 766,205
PRIVATE CREDIT PORTFOLIO TE 2023 LP FMV 203,167 203,167
PRIVATE DIVERSIFIERS PORTFOLIO 2020 LP FMV 880,769 880,769
PRIVATE DIVERSIFIERS PORTFOLIO TE 2021 LP FMV 698,757 698,757
PRIVATE DIVERSIFIERS PORTFOLIO TE 2022 LP FMV 858,286 858,286
PRIVATE DIVERSIFIERS PORTFOLIO TE 2023 LP FMV 636,377 636,377
PRIVATE DIVERSIFIERS PORTFOLIO TE 2024 LP FMV 223,067 223,067
PRIVATE EQUITY PORTFOLIO 2020 LP FMV 2,046,773 2,046,773
PRIVATE EQUITY PORTFOLIO TE 2021 LP FMV 1,204,607 1,204,607
PRIVATE EQUITY PORTFOLIO TE 2022 LP FMV 1,211,806 1,211,806
PRIVATE EQUITY PORTFOLIO TE 2023 LP FMV 109,577 109,577
PROMISSORY NOTE RECEIVABLE FMV 254,631 254,631
PUBLIC EQUITY TAIL HEDGE PORTFOLIO LP FMV 4,526,870 4,526,870
REAL ASSETS PORTFOLIO 2020 LP FMV 774,152 774,152
REAL ASSETS PORTFOLIO TE 2021 LP FMV 634,564 634,564
REAL ASSETS PORTFOLIO TE 2022 LP FMV 779,989 779,989
REAL ASSETS PORTFOLIO TE 2023 LP FMV 373,475 373,475
REAL ASSETS PORTFOLIO TE 2024 LP FMV 170,630 170,630
REAL ESTATE PORTFOLIO 2020 LP FMV 1,080,754 1,080,754
REAL ESTATE PORTFOLIO TE 2021 LP FMV 920,186 920,186
REAL ESTATE PORTFOLIO TE 2022 LP FMV 1,243,542 1,243,542
REAL ESTATE PORTFOLIO TE 2023 LP FMV 452,744 452,744
REAL ESTATE PORTFOLIO TE 2024 LP FMV 277,557 277,557
SECONDARIES PORTFOLIO TE 2023 LP FMV 849,104 849,104
SECONDARIES PORTFOLIO TE 2024 LP FMV 654,267 654,267
TACTICAL OPPORTUNITES PORTFOLIO 2020 LP FMV 5,195,233 5,195,233
TACTICAL OPPORTUNITIES PORTFOLIO TE 2022 LP FMV 2,306,839 2,306,839
VENTURE CAPITAL PORTFOLIO 2020 LP FMV 1,622,637 1,622,637
VENTURE CAPITAL PORTFOLIO TE 2021 LP FMV 558,894 558,894
VENTURE CAPITAL PORTFOLIO TE 2022 LP FMV 757,548 757,548
VENTURE CAPITAL PORTFOLIO TE 2023 LP FMV 174,632 174,632
VENTURE CAPITAL PORTFOLIO TE 2024 LP FMV 5,680 5,680

TY 2024 LegalFeesSchedule
Name:
ADDITIONAL VENTURES FOUNDATION
EIN:
81-4429034
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 42,417 0   46,502


TY 2024 OtherAssetsSchedule
Name:
ADDITIONAL VENTURES FOUNDATION
EIN:
81-4429034
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INTANGIBLE ASSETS 303,778 935,287 935,287


TY 2024 OtherExpensesSchedule
Name:
ADDITIONAL VENTURES FOUNDATION
EIN:
81-4429034
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ALTERNATIVE INVESTMENT EXPENSES 0 828,657   0
BOND PREMIUM AMORTIZATION 104,190 104,190   0
DUES & SUBSCRIPTIONS 43,284 0   15,132
EVENTS 430,717 0   437,778
INSURANCE 22,952 0   22,953
MISCELLANEOUS 107,418 0   116,827
OTHER INVESTMENT EXPENSES 29,160 29,160   0
PLATFORM FEES 212,717 0   200,000


TY 2024 OtherIncomeSchedule2
Name:
ADDITIONAL VENTURES FOUNDATION
EIN:
81-4429034
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ALTERNATIVE INVESTMENTS 8,260,364 90,667 8,260,364
EVENTS 144,787   144,787
RETURN OF PRIOR YEAR GRANT/CONTRACT PAYMENTS 640,259   640,259


TY 2024 OtherIncreasesSchedule
Name:
ADDITIONAL VENTURES FOUNDATION
EIN:
81-4429034
Description Amount
UNREALIZED GAIN ON INVESTMENTS 6,320,403


TY 2024 OtherLiabilitiesSchedule
Name:
ADDITIONAL VENTURES FOUNDATION
EIN:
81-4429034
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED TAX LIABILITY 501,000 681,000
EXCISE TAX PAYABLE 241,000 8,000


TY 2024 OtherProfessionalFeesSchedule
Name:
ADDITIONAL VENTURES FOUNDATION
EIN:
81-4429034
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 1,084,038 1,084,038   0
OTHER FEES 211,115 10,000   199,616


TY 2024 TaxesSchedule
Name:
ADDITIONAL VENTURES FOUNDATION
EIN:
81-4429034
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 464,000 0   0
FOREIGN TAX 78,774 81,727   0