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
ARISON ARTS FOUNDATION
C/O RICHARD KOHAN AFO LLC
Number and street (or P.O. box number if mail is not delivered to street address)TWO ALHAMBRA PLAZA 1040
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CORAL GABLES, FL33134
A Employer identification number

13-7450689
B Telephone number (see instructions)

(786) 270-3710
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$452,316,322J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 12,037,846 11,414,504  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,702,187
b Gross sales price for all assets on line 6a 116,921,399
7 Capital gain net income (from Part IV, line 2)... 8,702,187
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
603,589 603,589  
12 Total. Add lines 1 through 11........ 21,343,622 20,720,280  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 787,087 280,710   506,377
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
3,825,058 3,825,058   0
17 Interest............... 2,181,258 2,181,258   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
313,857 238,857   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,107,260 6,525,883   506,377
25 Contributions, gifts, grants paid....... 38,751,540 38,751,540
26 Total expenses and disbursements. Add lines 24 and 25 45,858,800 6,525,883   39,257,917
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -24,515,178
b Net investment income (if negative, enter -0-) 14,194,397
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............. 9,755,802 11,922,528 11,922,528
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 11,427,597 Click to see attachment
List of Attached Documents:
// Content
9,133,665 		8,520,669
b Investments—corporate stock (attach schedule)....... 221,790,649 Click to see attachment
List of Attached Documents:
// Content
209,373,375 		256,533,787
c Investments—corporate bonds (attach schedule)....... 94,437,253 Click to see attachment
List of Attached Documents:
// Content
82,493,170 		81,894,276
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).......... 69,466,596 Click to see attachment
List of Attached Documents:
// Content
68,234,672 		93,445,062
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 406,877,897 381,157,410 452,316,322
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 406,877,897 381,157,410
29 Total net assets or fund balances (see instructions)..... 406,877,897 381,157,410
30 Total liabilities and net assets/fund balances (see instructions). 406,877,897 381,157,410
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
406,877,897
2
Enter amount from Part I, line 27a .....................
2
-24,515,178
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
382,362,719
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,205,309
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
381,157,410
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 CAPITAL GAIN DIVIDENDS P 2024-01-01 2024-12-31
b PUBLICLY TRADED SECURITIES - SHORT TERM   2024-01-01 2024-12-31
c PUBLICLY TRADED SECURITIES - LONG TERM   2024-01-01 2024-12-31
d CAXTON GLOBAL INVESTMENTS LIMITED P 2024-01-01 2024-12-31
e HARRISON STREET CORE PROPERTY FUND P 2024-01-01 2024-12-31
MILLENNIUM INTERNATIONAL LTD P 2024-01-01 2024-12-31
POINT72 CAPITAL INTERNATIONAL LTD P 2024-01-01 2024-12-31
PROLOGIS TARGETED US LOGISTICS HOLDINGS, LP P 2024-01-01 2024-12-31
STRATEGIC PARTNERS OFFSHORE FUND IX LP P 2024-01-01 2024-12-31
STRATEGIC PARTNERS OFFSHORE FUND VII LP P 2024-01-01 2024-12-31
PFICS DISPOSITION P 2024-01-01 2024-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,109,070     2,109,070
b 14,963,369   14,110,025 853,344
c 93,822,356   94,109,187 -286,831
d 706,582     706,582
e 128,569     128,569
2,043,308     2,043,308
1,787,242     1,787,242
25,403     25,403
18,497     18,497
450,233     450,233
866,770     866,770
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       2,109,070
b       853,344
c       -286,831
d       706,582
e       128,569
      2,043,308
      1,787,242
      25,403
      18,497
      450,233
      866,770
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 8,702,187
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) 1 197,302
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........................... 3 197,302
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- ..... 5 197,302
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 408,457
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 408,457
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 10 211,155
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow211,155 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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 arrowFL
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 arrowAFO LLC - RICHARD KOHAN Telephone no.right arrow (786) 270-3710

Located atright arrowTWO ALHAMBRA PLAZA SUITE 1040CORAL GABLESFL ZIP+4right arrow33134
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
SARAH ARISON CO AFO LLC PRESIDENT
55.00 		97,500 0 0
TWO ALHAMBRA PLAZA SUITE 1040
CORAL GABLES,FL33134
JOHN J O'NEIL CO AFO LLC AVP/ASSISTANT TREASURER
0.50 		0 0 0
TWO ALHAMBRA PLAZA SUITE 1040
CORAL GABLES,FL33134
RICHARD L KOHAN CO AFO LLC AVP/TREASURER/SECRETARY
1.50 		0 0 0
TWO ALHAMBRA PLAZA SUITE 1040
CORAL GABLES,FL33134
WELLS FARGO BANK NA TRUSTEE
5.00 		689,587 0 0
200 SOUTH BISCAYNE BLVD 15TH FL
MIAMI,FL33131
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
UBS INSTITUTIONAL CONSULTING INVESTMENT MGMT 812,683
3560 LENOX RD NE 28TH FLOOR
ATLANTA,GA30326
THE NORTHERN TRUST COMPANY INVESTMENT MGMT 165,810
1313 N MARKET STREET SUITE 5300
WILMINGTON,DE19801
UBS ASSET MANAGEMENT (AMERICAS) INC INVESTMENT MGMT 92,957
1285 AVENUE OF THE AMERICAS
NEW YORK,NY10019
WASMER SCHROEDER STRATEGIES INVESTMENT MGMT 61,165
600 FIFTH AVENUE S SUITE 210
NAPLES,FL32102
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 NONE 0
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 NONE 0
2  
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
0
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
261,787,088
b
Average of monthly cash balances.......................
1b
10,919,401
c
Fair market value of all other assets (see instructions)................
1c
185,177,557
d
Total (add lines 1a, b, and c).........................
1d
457,884,046
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
457,884,046
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
6,868,261
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
451,015,785
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
22,550,789
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
22,550,789
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
197,302
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
197,302
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
22,353,487
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
22,353,487
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
22,353,487
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
39,257,917
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
39,257,917
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 22,353,487
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...... 152,511
e From 2023...... 8,371,639
f Total of lines 3a through e ........ 8,524,150
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 39,257,917
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..... 22,353,487
e Remaining amount distributed out of corpus 16,904,430
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 25,428,580
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 ...... 		25,428,580
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 152,511
d Excess from 2023.... 8,371,639
e Excess from 2024.... 16,904,430
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or 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

ABRAHAM IN MOTION INC

10 LAFAYETTE AVE 4
BROOKLYN,NY11217 		  PC GENERAL SUPPORT 10,000

ALVIN AILEY DANCE FOUNDATION INC

405 WEST 55TH STREET
NEW YORK,NY10019 		  PC GENERAL SUPPORT 12,000

AMERICAN ACADEMY IN ROME

535 WEST 22ND STREET
NEW YORK,NY10011 		  PC GENERAL SUPPORT 10,000

AMERICAN FEDERATION OF ARTS INC

305 EAST 47TH STREET 10TH FLOOR
NEW YORK,NY10017 		  PC GENERAL SUPPORT 15,000

AMERICAN FRIENDS OF BATSHEVA DANCE COMPANY INC

1201 BROADWAY SUITE 802
NEW YORK,NY10001 		  PC GENERAL SUPPORT 75,000

AMERICANS FOR THE ARTS INC

1000 VERMONT AVENUE NW FLOOR 6
WASHINGTON,DC20005 		  PC GENERAL SUPPORT 100,000

AMERICAS FOUNDATION OF THE SERPENTINE GALLERIES

909 9RD AVENUE FLOOR 15
NEW YORK,NY10022 		  PC GENERAL SUPPORT 65,000

ANDERSON RANCH ARTS FOUNDATION

POST OFFICE BOX 5598
SNOWMASS VILLAGE,CO81615 		  PC GENERAL SUPPORT 73,400

APERTURE FOUNDATION INC

548 WEST 28TH STREET 4TH FLOOR
NEW YORK,NY10001 		  PC GENERAL SUPPORT 2,500

ARS NOVA THEATER I INC

511 W 54TH STREET
NEW YORK,NY10019 		  PC GENERAL SUPPORT 5,000

ART 21 INC

231 WEST 29TH STREET SUITE 706
NEW YORK,NY10001 		  PC GENERAL SUPPORT 50,000

ART AND ADVOCACY SOCIETY

123 LEVERINGTON AVENUE
PHILADELPHIA,PA19127 		  PC GENERAL SUPPORT 100,000

ART COUNCIL INC

111 FRONT STREET SUITE 210
BROOKLYN,NY11201 		  PC GENERAL SUPPORT 30,600

ART PRODUCTION FUND INC

954 LEXINGTON AVENUE 2076
NEW YORK,NY10021 		  PC GENERAL SUPPORT 12,600

ARTISTS AND MOTHERS INCORPORATED

341 EAST 5TH STREET 1R
NEW YORK,NY10003 		  PC GENERAL SUPPORT 25,000

ARTISTS IN RESIDENCE INC

155 PLYMOUTH STREET
BROOKLYN,NY11201 		  PC GENERAL SUPPORT 20,000

ARTISTS SPACE INC

11 CORTLANDT ALY
NEW YORK,NY10013 		  PC GENERAL SUPPORT 30,000

ARTTABLE INC

1 EAST 53RD STREET 5TH FLOOR
NEW YORK,NY10022 		  PC GENERAL SUPPORT 25,000

ASPEN ART MUSEUM

637 EAST HYMAN AVENUE
ASPEN,CO81611 		  PC GENERAL SUPPORT 665,500

AWARE-USA INC

27 EAST 65TH STREET 4EF
NEW YORK,NY10065 		  PC GENERAL SUPPORT 2,000

BAKEHOUSE ART COMPLEX INC

561 NW 32ND STREET
MIAMI,FL33127 		  PC GENERAL SUPPORT 68,000

BALLET THEATRE FOUNDATION INC

890 BROADWAY 3RD FLOOR
NEW YORK,NY10003 		  PC GENERAL SUPPORT 4,800,000

BARYSHNIKOV ARTS CENTER INC

450 WEST 37TH STREET
NEW YORK,NY10018 		  PC GENERAL SUPPORT 1,025,000

BROOKLYN INSTITUTE OF ARTS AND SCIENCES

200 EASTERN PARKWAY
BROOKLYN,NY11238 		  PC GENERAL SUPPORT 372,050

BLANK FORMS INC

468 GRAND AVE 3D
BROOKLYN,NY11238 		  PC GENERAL SUPPORT 25,000

BYRD HOFFMAN WATER MILL FOUNDATION

115 W 29TH STREET 10TH FLOOR
NEW YORK,NY10001 		  PC GENERAL SUPPORT 30,000

CAMERA CLUB OF NEW YORK INC

126 BAXTER STREET
NEW YORK,NY10013 		  PC GENERAL SUPPORT 157,000

CANOPY CANOPY CANOPY INC

264 CANAL STREET 3W
NEW YORK,NY10013 		  PC GENERAL SUPPORT 7,500

CENTER FOR ART RESEARCH AND ALLIANCES INC

225 W 13TH STREET
NEW YORK,NY10011 		  PC GENERAL SUPPORT 10,000

CHARM CITY CULTURAL CULTIVATION INC

354 MAMARONECK ROAD
SCARSDALE,NY10583 		  PC GENERAL SUPPORT 50,000

CHICKEN & EGG PICTURES INC

55 WASHINGTON STREET SUITE 307
BROOKLYN,NY11201 		  PC GENERAL SUPPORT 5,000

CHILDRENS MUSEUM OF MANHATTAN

TISCH BUILDING
NEW YORK,NY10024 		  PC GENERAL SUPPORT 100,000

COMPLEXIONS FOUNDATION

17 LEAVITT LANE
PRINCETON,NJ08540 		  PC GENERAL SUPPORT 100,000

COOL CULTURE INC

80 HANSON PLACE
BROOKLYN,NY11217 		  PC GENERAL SUPPORT 10,000

DANCE ASPEN

406 E HOPKINS AVE UNIT D
ASPEN,CO81611 		  PC GENERAL SUPPORT 5,000

DANSPACE PROJECT INC

ST MARKS CHURCH 131 EAST 10TH
STREET
NEW YORK,NY10003 		  PC GENERAL SUPPORT 23,750

DIA CENTER FOR THE ARTS INC

535 WEST 22ND STREET 6TH FLOOR
NEW YORK,NY10011 		  PC GENERAL SUPPORT 50,000

DRAWING CENTER INC

35 WOOSTER STREET GROUND FLOOR
NEW YORK,NY10013 		  PC GENERAL SUPPORT 15,000

EMORY UNIVERSITY

400 CANDLER LIBRARY
ATLANTA,GA30322 		  PC GENERAL SUPPORT 217,500

EN GARDE ARTS INC

80 HANSON PL 203
BROOKLYN,NY11201 		  PC GENERAL SUPPORT 75,000

FIND YOUR LIGHT FOUNDATION

POST OFFICE BOX 48290
LOS ANGELES,CA90048 		  PC GENERAL SUPPORT 125,000

FRACTURED ATLAS INC

228 PARK AVENUE S 56651
NEW YORK CITY,NY10003 		  PC GENERAL SUPPORT 200,000

FRANKLIN FURNACE ARCHIVE

200 WILLOUGHBY AVENUE
BROOKLYN,NY11205 		  PC GENERAL SUPPORT 10,000

FREE ARTS FOR ABUSED CHILDREN OF NEW YORK CITY

1431 BROADWAY 8TH FLOOR
NEW YORK,NY10018 		  PC GENERAL SUPPORT 50,000

FRIENDS OF THE BASS MUSEUM INC

2100 COLLINS AVENUE
MIAMI BEACH,FL33139 		  PC GENERAL SUPPORT 15,000

FRIENDS OF THE HIGH LINE INC

820 WASHINGTON STREET
NEW YORK,NY10014 		  PC GENERAL SUPPORT 15,000

HALEAKALA INC

163 BANK STREET 4TH FLOOR LOFT
NEW YORK,NY10014 		  PC GENERAL SUPPORT 463,333

HARLEM SCHOOL OF THE ARTS INC

645 SAINT NICHOLAS AVENUE
NEW YORK,NY10030 		  PC GENERAL SUPPORT 100,000

HENRY STREET SETTLEMENT

265 HENRY STREET
NEW YORK,NY10002 		  PC GENERAL SUPPORT 1,000

HUNTER COLLEGE FOUNDATION INC

695 PARK AVENUE HE1313
NEW YORK,NY10065 		  PC GENERAL SUPPORT 2,500

INEVITABLE FOUNDATION

228 PARK AVENUE 15849
NEW YORK,NY10003 		  PC GENERAL SUPPORT 10,000

INSTITUTE OF CLASSICAL ARCHITECTURE AND ART INC

20 WEST 44TH STREET
NEW YORK,NY10036 		  PC GENERAL SUPPORT 20,000

INSTITUTE OF CONTEMPORARY ART MIAMI INC

61 NE 41ST STREET
MIAMI,FL33137 		  PC GENERAL SUPPORT 75,000

INTERNATIONAL COMMUNITY FOUNDATION

2505 N AVENUE
NATIONAL CITY,CA91950 		  PC GENERAL SUPPORT 10,000

ISAMU NOGUCHI FOUNDATION AND GARDEN MUSEUM

3237 VERNON BOULEVARD
LONG ISLAND CITY,NY11106 		  PC GENERAL SUPPORT 10,000

JACOBS PILLOW DANCE FESTIVAL INC

358 GEORGE CARTER ROAD
BECKET,MA01223 		  PC GENERAL SUPPORT 420,833

JONAH BOKAER ARTS FOUNDATION INC

304 BOERUM STREET APT 23
BROOKLYN,NY11206 		  PC GENERAL SUPPORT 5,000

JORGE M PEREZ ART MUSEUM OF MIAMI DADE COUNTY INC

1103 BISCAYNE BOULEVARD
MIAMI,FL33132 		  PC GENERAL SUPPORT 63,000

JOYCE THEATER FOUNDATION INC

175 EIGHTH AVENUE
NEW YORK,NY10011 		  PC GENERAL SUPPORT 30,000

JUILLIARD SCHOOL

OFFICE OF DEVELOPMENT
NEW YORK,NY10023 		  PC GENERAL SUPPORT 60,000

KAATSBAAN INTERNATIONAL DANCE CENTER INC

POST OFFICE BOX 482
TIVOLI,NY12583 		  PC GENERAL SUPPORT 25,000

KATONAH MUSEUM OF ART INC

134 JAY STREET
KATONAH,NY10536 		  PC GENERAL SUPPORT 5,000

LES BALLETS TROCKADERO DE MONTE CARLO INC

PO BOX 1325 GRACIE STATION
NEW YORK,NY10028 		  PC GENERAL SUPPORT 10,000

LINCOLN CENTER FOR THE PERFORMING ARTS INC

70 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		  PC GENERAL SUPPORT 1,275,000

LOCUST PROJECTS INC

3852 N MIAMI AVENUE
MIAMI,FL33127 		  PC GENERAL SUPPORT 20,000

MASSACHUSETTS MUSEUM OF CONTEMPORARY ART FOUNDATION INC

1040 MASS MOCA WAY
NORTH ADAMS,MA01247 		  PC GENERAL SUPPORT 125,000

MEMORIAL SLOAN KETTERING CANCER CENTER

1275 YORK AVENUE
NEW YORK,NY10065 		  PC GENERAL SUPPORT 3,000

MERIDIAN INTERNATIONAL CENTER

1630 CRESCENT PLACE NW
WASHINGTON,DC20009 		  PC GENERAL SUPPORT 24,100

MESERVE-KUNHARDT FOUNDATION INC

48 WHEELER AVENUE
PLEASANTVILLE,NY10570 		  PC GENERAL SUPPORT 40,000

MIAMI CITY BALLET INC

2200 LIBERTY AVENUE
MIAMI BEACH,FL33139 		  PC GENERAL SUPPORT 1,000,000

MIAMI DANCE FUTURES INC

8901 SW 79TH CT
MIAMI,FL33156 		  PC GENERAL SUPPORT 25,000

MOVING THEATER

PO BOX 1449 - FDR STATION
NEW YORK CITY,NY10150 		  PC GENERAL SUPPORT 25,000

MUSEUM ASSOCIATES

5905 WILSHIRE BLVD
LOS ANGELES,CA90036 		  PC GENERAL SUPPORT 12,000

MUSEUMS MOVING FORWARD INC

1525 N ALVARADO ST UNIT 26048
LOS ANGELES,CA90026 		  PC GENERAL SUPPORT 10,000

MUSEUM OF MODERN ART

11 WEST 53 STREET
NEW YORK,NY10019 		  PC GENERAL SUPPORT 1,894,000

MUSIC ASSOCIATES OF ASPEN INC

225 MUSIC SCHOOL ROAD
ASPEN,CO81611 		  PC GENERAL SUPPORT 15,000

MYRIAD USA INC

551 FIFTH AVENUE SUITE 2400
NEW YORK,NY10176 		  PC GENERAL SUPPORT 17,500

NATIONAL DANCE INSTITUTE INC

217 WEST 147TH STREET
NEW YORK,NY10039 		  PC GENERAL SUPPORT 250,000

NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC

2100 BISCAYNE BOULEVARD
MIAMI,FL33137 		  PC GENERAL SUPPORT 5,526,979

NATIONAL YOUNGARTS FOUNDATION SUPPORTING ORGANIZATION

2100 BISCAYNE BOULEVARD
MIAMI,FL33137 		  PC GENERAL SUPPORT 2,590,939

NEW ART PUBLICATIONS INC

80 HANSON PLACE SUITE 703
BROOKLYN,NY11217 		  PC GENERAL SUPPORT 35,000

NEW ORLEANS VIDEO ACCESS CENTER INC

4422 S CARROLLTON AVE
NEW ORLEANS,LA70119 		  PC GENERAL SUPPORT 15,000

NEW WORLD SYMPHONY INC

500 17TH STREET
MIAMI BEACH,FL33139 		  PC GENERAL SUPPORT 10,194,000

NEW YORK FOUNDATION FOR THE ARTS INC

29 W 38TH STREET FLOOR 9
NEW YORK,NY10018 		  PC GENERAL SUPPORT 45,000

NEW YORK LIVE ARTS INC

219 WEST 19TH STREET
NEW YORK,NY10011 		  PC GENERAL SUPPORT 500,000

NEW YORK SHAKESPEARE FESTIVAL

425 LAFAYETTE STREET
NEW YORK,NY10003 		  PC GENERAL SUPPORT 100,000

NU DECO ENSEMBLE INC

2100 BISCAYNE BOULEVARD
MIAMI,FL33137 		  PC GENERAL SUPPORT 106,000

NXTHVN INC

169 HENRY STREET
NEW HAVEN,CT06511 		  PC GENERAL SUPPORT 200,000

OPERALIA FOUNDATION INC

23801 CALABASAS ROAD SUITE 103
CALABASAS,CA91302 		  PC GENERAL SUPPORT 100,000

PARRISH ART MUSEUM INC

279 MONTAUK HIGHWAY
WATER MILL,NY11976 		  PC GENERAL SUPPORT 25,000

PERFORMA INC

100 WEST 23RD STREET FLOOR 5
NEW YORK,NY10011 		  PC GENERAL SUPPORT 25,000

PERFORMANCE SPACE 122 INC

150 FIRST AVENUE
NEW YORK,NY10009 		  PC GENERAL SUPPORT 8,000

PRATT INSTITUTE

200 WILLOUGHBY AVENUE
BROOKLYN,NY11205 		  PC GENERAL SUPPORT 10,000

PROJECT FOR EMPTY SPACE INC

800 BROAD STREET
NEWARK,NJ07102 		  PC GENERAL SUPPORT 100,000

PS1 CONTEMPORARY ART CENTER INC

22-25 JACKSON AVENUE
LONG ISLAND CITY,NY11101 		  PC GENERAL SUPPORT 1,822,118

REBOOT INC

734 LONGMEADOW STREET 103
LONGMEADOW,MA01106 		  PC GENERAL SUPPORT 100,000

RX ART INC

208 FORSYTH STREET
NEW YORK,NY10002 		  PC GENERAL SUPPORT 5,000

SAN FRANCISCO CONSERVATORY OF MUSIC INC

50 OAK STREET
SAN FRANCISCO,CA94102 		  PC GENERAL SUPPORT 250,000

SCULPTURE CENTER INC

44-19 PURVES STREET
LONG ISLAND CITY,NY11101 		  PC GENERAL SUPPORT 15,000

SERAPHIC FIRE INC

2153 CORAL WAY SUITE 401
MIAMI,FL33145 		  PC GENERAL SUPPORT 250,000

SEVENTH REGIMENT ARMORY CONSERVANCY INC

643 PARK AVENUE
NEW YORK,NY10065 		  PC GENERAL SUPPORT 25,000

SILVER ART PROJECTS INC

7 WORLD TRADE CENTER
NEW YORK,NY10007 		  PC GENERAL SUPPORT 5,000

SITE SANTA FE

1606 PASEO DE PERALTA
SANTA FE,NM87501 		  PC GENERAL SUPPORT 50,000

SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE INC

136 WEST 22ND STREET
NEW YORK,NY10011 		  PC GENERAL SUPPORT 15,000

SMITHSONIAN INSTITUTE

600 MARYLAND AVENUE SW
WASHINGTON,DC20024 		  PC GENERAL SUPPORT 77,500

SOURCE STUDIO INC

PO BOX 505
BURNSVILLE,NC28714 		  PC GENERAL SUPPORT 50,000

STEPHEN PETRONIO DANCE COMPANY INC

140 2ND AVENUE SUITE 504
NEW YORK,NY10003 		  PC GENERAL SUPPORT 15,000

STOREFRONT FOR ART AND ARCHITECTURE INC

97 KENMARE STREET
NEW YORK,NY10012 		  PC GENERAL SUPPORT 5,000

SUNDANCE INSTITUTE

POST OFFICE BOX 68442
PARK CITY,UT84068 		  PC GENERAL SUPPORT 100,000

SWISS INSTITUTE

117 2ND AVENUE APT 2
NEW YORK,NY10003 		  PC GENERAL SUPPORT 32,500

THE CARNEGIE HALL CORPORATION

881 SEVENTH AVENUE
NEW YORK,NY10019 		  PC GENERAL SUPPORT 50,000

THE FOUNTAINHEAD RESIDENCY INC

5600 NORTH BAYSHORE DRIVE
MIAMI,FL33137 		  PC GENERAL SUPPORT 25,000

THE METROPOLITAN MUSEUM OF ART

1000 FIFTH AVENUE
NEW YORK,NY10028 		  PC GENERAL SUPPORT 412,338

THE MIAMI FOUNDATION INC

40 NW 3RD STREET 305
MIAMI,FL33128 		  PC GENERAL SUPPORT 105,000

THE MISTY COPELAND FOUNDATION INC

THE INTERCHURCH CENTER
NEW YORK,NY10115 		  PC GENERAL SUPPORT 50,000

THE STUDIO MUSEUM IN HARLEM

310 LENOX AVE FLOOR 3
NEW YORK,NY10027 		  PC GENERAL SUPPORT 200,000

THE YOUNG MENS AND YOUNG WOMENS HEBREW ASSOCIATION

1395 LEXINGTON AVENUE
NEW YORK,NY10128 		  PC GENERAL SUPPORT 125,000

THEATER ET AL

38-33 24TH STREET
LONG ISLAND CITY,NY11101 		  PC GENERAL SUPPORT 2,500

TOUT-MONDE FOUNDATION

1450 STILLWATER DRIVE
MIAMI BEACH,FL33141 		  PC GENERAL SUPPORT 5,000

TRI314 MULTIDISCIPLINARY VISUAL PERFORMANCES INC

153 JEFFERSON AVENUE
BROOKLYN,NY11216 		  PC GENERAL SUPPORT 125,000

TRUSTEES OF RESERVATIONS

200 HIGH STREET 4TH FLOOR
BOSTON,MA02110 		  PC GENERAL SUPPORT 50,000

TURRELL ART FOUNDATION

28 S BEAVER STREET
FLAGSTAFF,AZ86001 		  PC GENERAL SUPPORT 100,000

UNITED STATES ARTISTS INC

200 WEST MADISON STREET FLOOR 3
CHICAGO,IL60606 		  PC GENERAL SUPPORT 65,000

US PRESIDENTIAL SCHOLARS FOUNDATION

163 HIGHLAND AVE
NEEDHAM,MA02494 		  PC GENERAL SUPPORT 10,000

WASSAIC PROJECT INC

PO BOX 220
WASSAIC,NY12592 		  PC GENERAL SUPPORT 15,000

WHITNEY MUSEUM OF AMERICAN ART

99 GANSEVOORT STREET
NEW YORK,NY10014 		  PC GENERAL SUPPORT 25,000

WILLIAM A FARNSWORTH LIBRARY AND ART MUSEUM INC

356 MAIN STREET
ROCKLAND,ME04841 		  PC GENERAL SUPPORT 25,000

WNET

825 8TH AVENUE
NEW YORK,NY10019 		  PC GENERAL SUPPORT 1,000

YOUNG DANCE COLLECTIVE INC

317 15TH STREET
BROOKLYN,NY11215 		  PC GENERAL SUPPORT 2,000

YOUTH AMERICA GRAND PRIX INC

417 5TH AVENUE 5TH FLOOR
NEW YORK,NY10016 		  PC GENERAL SUPPORT 25,000
Total .................................right arrow 3a 38,751,540
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 12,037,846  
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 8,702,187  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INVESTMENT INCOME 		    18 20,231  
bPFIC ORDINARY INCOME     18 576,845  
cFORWARD FX CONTRACTS     18 -8,875  
dSEC. 988 GAIN/LOSS     18 15,101  
eCLASS ACTION SETTLEMENTS     01 287  
12 Subtotal. Add columns (b), (d), and (e) .. 0 21,343,622 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
21,343,622
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AllOthProgRltdInvestmentsSch
Name:
ARISON ARTS FOUNDATION
 
C/O RICHARD KOHAN AFO LLC
EIN:
13-7450689
Category Amount
NONE 0

TY 2024 InvestmentsCorpBondsSchedule
Name:
ARISON ARTS FOUNDATION
 
C/O RICHARD KOHAN AFO LLC
EIN:
13-7450689
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 8,171,848 7,796,419
FIXED INCOME ETF 8,984,227 8,856,000
FUNDS - GOVERNMENT AGENCY 35,380,928 35,145,288
FUNDS-CORP BONDS 29,529,590 29,710,877
GOV MORT. BACKED 291,151 267,218
GOV'T-ISSUED COMMERCIAL MORTGAGE-BACKED 135,426 118,474

TY 2024 InvestmentsCorpStockSchedule
Name:
ARISON ARTS FOUNDATION
 
C/O RICHARD KOHAN AFO LLC
EIN:
13-7450689
Name of Stock End of Year Book Value End of Year Fair Market Value
SECURITIES 209,373,375 256,533,787

TY 2024 InvestmentsGovtObligationsSch
Name:
ARISON ARTS FOUNDATION
 
C/O RICHARD KOHAN AFO LLC
EIN:
13-7450689
US Government Securities - End of Year Book Value:

9,133,665
US Government Securities - End of Year Fair Market Value:

8,520,669
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
ARISON ARTS FOUNDATION
 
C/O RICHARD KOHAN AFO LLC
EIN:
13-7450689
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ALEUTIAN FUND LTD AT COST 3,500,000 3,874,190
BAYVIEW MSR OPPORTUNITY OFFSHORE, L.P. AT COST 4,841,683 5,159,354
BLACKSTONE BIOMED LIFE SCIENCE REAL ESTATE LP AT COST 4,769,317 4,671,418
CAXTON GLOBAL INVESTMENTS LTD AT COST 4,650,000 5,565,832
CLAREN ROAD CREDIT FUND LTD AT COST 3,000,000 3,150,436
CREDIT SUISSE SECURITIZED PROD AT COST 1,472,635 3,898,174
ELAN FEEDER FUND LTD AT COST 3,065,717 3,768,540
GOVERNMENT AGENCIES AT COST 3,957,734 3,962,189
HARRISON STREET CORE PROPERTY AT COST 4,057,617 5,474,628
LINDEN INTERNATIONAL LTD AT COST 3,374,958 4,559,755
MILLENNIUM FUND LIMITED AT COST 5,605,827 6,875,184
MISCELLANEOUS AT COST 104,800 104,800
POINT72 CAPITAL, LP AT COST 3,580,800 7,423,997
PRIME PROPERTY FUND AT COST 4,000,000 5,840,333
PROLOGIS TARGETED US LOGISTICS HOLDINGS, L.P. AT COST 4,906,136 4,931,816
ROKOS GLOBAL MACRO FUND LTD AT COST 1 32,336
SONA CREDIT FUND LIMITED AT COST 3,074,988 4,383,164
STRATEGIC PARTNERS OFFSHORE FUND IX, LP AT COST 4,718,511 5,662,924
STRATEGIC PARTNERS OFFSHORE FUND VII, LP AT COST 1 1,591,942
SYMMETRY INTERNATIONAL FUND LIMITED AT COST 3,172,102 8,222,186
TPG PUBLIC EQUITY PARTNERS-B LP AT COST 1,084,353 2,831,244
VISTA EQUITY PARTNERS FUND VIII-A, LP AT COST 1,297,492 1,460,620

TY 2024 OtherDecreasesSchedule
Name:
ARISON ARTS FOUNDATION
 
C/O RICHARD KOHAN AFO LLC
EIN:
13-7450689
Description Amount
BOOK ADJUSTMENT 1,205,309


TY 2024 OtherIncomeSchedule2
Name:
ARISON ARTS FOUNDATION
 
C/O RICHARD KOHAN AFO LLC
EIN:
13-7450689
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INVESTMENT INCOME 20,231 20,231 20,231
PFIC ORDINARY INCOME 576,845 576,845 576,845
FORWARD FX CONTRACTS -8,875 -8,875 -8,875
SEC. 988 GAIN/LOSS 15,101 15,101 15,101
CLASS ACTION SETTLEMENTS 287 287 287


TY 2024 OtherProfessionalFeesSchedule
Name:
ARISON ARTS FOUNDATION
 
C/O RICHARD KOHAN AFO LLC
EIN:
13-7450689
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES 182,582 182,582   0
AGENCY FEES 127,007 127,007   0
MANAGEMENT AND OTHER FEES 3,515,469 3,515,469   0


TY 2024 TaxesSchedule
Name:
ARISON ARTS FOUNDATION
 
C/O RICHARD KOHAN AFO LLC
EIN:
13-7450689
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 238,857 238,857   0
SECTION 4940 EXCISE TAXES PAID 75,000 0   0