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
TOSA FOUNDATION
C/O TASHIA MORGRIDGE
Number and street (or P.O. box number if mail is not delivered to street address)3130 ALPINE ROAD PMB 705 288
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTOLA VALLEY, CA94028
A Employer identification number

94-3165171
B Telephone number (see instructions)

(650) 851-6922
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$391,617,057J 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) 18,097,244
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,386,580 2,386,554  
4 Dividends and interest from securities... 4,847,060 4,847,060  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 16,697,752
b Gross sales price for all assets on line 6a 34,925,205
7 Capital gain net income (from Part IV, line 2)... 34,799,254
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
10,581,407 10,734,621  
12 Total. Add lines 1 through 11........ 52,610,043 52,767,489  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 30,000 15,000   15,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
78,900 29,588   29,588
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
6,175 0   6,175
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
872,974 197,974   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 49,168 0   49,168
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
43,183 0   43,183
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,080,400 242,562   143,114
25 Contributions, gifts, grants paid....... 129,772,088 102,894,306
26 Total expenses and disbursements. Add lines 24 and 25 130,852,488 242,562   103,037,420
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -78,242,445
b Net investment income (if negative, enter -0-) 52,524,927
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.........   36,918,147 36,918,147
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 24,298,279 Click to see attachment
List of Attached Documents:
// Content
5,031,803 		5,031,803
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 431,805,092 Click to see attachment
List of Attached Documents:
// Content
349,430,770 		349,430,770
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
25,257,337 		Click to see attachment
List of Attached Documents:
// Content
236,337 		Click to see attachment
List of Attached Documents:
// Content
236,337
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 481,360,708 391,617,057 391,617,057
Liabilities 17 Accounts payable and accrued expenses.......... 92,702  
18 Grants payable................. 25,000,000  
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
1,320,796 		Click to see attachment
List of Attached Documents:
// Content
943,525
23 Total liabilities (add lines 17 through 22)......... 26,413,498 943,525
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 454,947,210 390,673,532
29 Total net assets or fund balances (see instructions)..... 454,947,210 390,673,532
30 Total liabilities and net assets/fund balances (see instructions). 481,360,708 391,617,057
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
454,947,210
2
Enter amount from Part I, line 27a .....................
2
-78,242,445
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
25,369,000
4
Add lines 1, 2, and 3 ..........................
4
402,073,765
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
11,400,233
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
390,673,532
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 358,000 SHARES OF CISCO - STOCK SOLD D 2023-01-01 2024-12-31
b MICROVEST II P 2024-01-01 2024-12-31
c MICROVEST II P 2023-01-01 2024-12-31
d LEGACY VENTURE IV P 2024-01-01 2024-12-31
e LEGACY VENTURE IV P 2023-01-01 2024-12-31
LEGACY VENTURE VI (QP) P 2024-01-01 2024-12-31
LEGACY VENTURE VI (QP) P 2023-01-01 2024-12-31
LEGACY VENTURE VII P 2024-01-01 2024-12-31
LEGACY VENTURE VII P 2023-01-01 2024-12-31
LEGACY VENTURE VIII P 2024-01-01 2024-12-31
LEGACY VENTURE VIII P 2023-01-01 2024-12-31
WINDFALL INVESTMENTS P 2024-01-01 2024-12-31
WINDFALL INVESTMENTS P 2023-01-01 2024-12-31
WINDFALL INVESTMENTS SEC 1231 GAIN P 2023-01-01 2024-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 18,265,832   5,578 18,260,254
b 14     14
c     26,252 -26,252
d     12 -12
e     12,746 -12,746
    1,155 -1,155
665,038     665,038
1,651     1,651
840,377     840,377
7,141     7,141
174,204     174,204
1,742,339     1,742,339
13,228,609     13,228,609
    80,208 -80,208
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       18,260,254
b       14
c       -26,252
d       -12
e       -12,746
      -1,155
      665,038
      1,651
      840,377
      7,141
      174,204
      1,742,339
      13,228,609
      -80,208
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 34,799,254
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) 1 730,096
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........................... 3 730,096
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- ..... 5 730,096
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 947,790
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 425,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,372,790
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 10 642,694
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow642,694 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 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 Click to see attachment
List of Attached Documents:
// Content
.............
11
Yes
 
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
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 arrowTOSA FOUNDATION Telephone no.right arrow (650) 851-6922

Located atright arrow3130 ALPINE RD 288 PMB 705PORTOLA VALLEYCA ZIP+4right arrow94028
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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
 
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
 
 
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
TASHIA F MORGRIDGE DIRECTOR/PRES
20.00 		0 0 0
107 MAPACHE DRIVE
PORTOLA VALLEY,CA94028
JOHN P MORGRIDGE DIRECTOR/CFO
20.00 		0 0 0
107 MAPACHE DRIVE
PORTOLA VALLEY,CA94028
JOHN D MORGRIDGE DIRECTOR
2.00 		30,000 0 0
3130 ALPINE ROAD SUITE 288 PMB 705
PORTOLA VALLEY,CA94028
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
FRANK RIMERMAN & CO LLP FINANCIAL ACCOUNTING & TAX PREP 78,900
60 SOUTH MARKET STREET SUITE 500
SAN JOSE,CA95113
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
12,805,519
b
Average of monthly cash balances.......................
1b
5,780,693
c
Fair market value of all other assets (see instructions)................
1c
387,793,119
d
Total (add lines 1a, b, and c).........................
1d
406,379,331
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
406,379,331
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
6,095,690
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
400,283,641
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
20,014,182
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
20,014,182
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
730,096
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
730,096
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
19,284,086
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
19,284,086
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
19,284,086
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
103,037,420
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
103,037,420
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 19,284,086
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...... 11,754,347
b From 2020...... 33,753,593
c From 2021...... 79,374,580
d From 2022...... 19,773,893
e From 2023...... 65,571,245
f Total of lines 3a through e ........ 210,227,658
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 103,037,420
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..... 19,284,086
e Remaining amount distributed out of corpus 83,753,334
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 5 293,980,992
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) ... 		11,754,347
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		282,226,645
10 Analysis of line 9:
a Excess from 2020.... 33,753,593
b Excess from 2021.... 79,374,580
c Excess from 2022.... 19,773,893
d Excess from 2023.... 65,571,245
e Excess from 2024.... 83,753,334
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).)
TASHIA F MORGRIDGE
JOHN P MORGRIDGE
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

PENINSULA HUMANE SOCIETY SPCA

1450 ROLLINS ROAD
BURLINGAME,CA94010 		NONE PC ANIMALS 2,000

WORLD WILDLIFE FUND

1250 24TH STREET NW
WASHINGTON,DC20037 		NONE PC ANIMALS 2,500

LIVING WITH WOLVES

PO BOX 896
SUN VALLEY,ID83353 		NONE PC ANIMALS 1,000

MONTEREY BAY AQUARIUM FOUNDATION

886 CANNERY ROW
MONTEREY,CA93940 		NONE PC ANIMALS 7,500

MARINE MAMMAL CENTER

2000 BUNKER ROAD FORT CRONKHITE
SAUASLITO,CA94965 		NONE PC ANIMALS 10

NEW HAMPSHIRE HUMANE SOCIETY

1305 MEREDITH CENTER ROAD
LACONIA,NH03246 		NONE PC ANIMALS 1,000

NEW HAMPSHIRE PUBLIC RADIO

TWO PILLSBURY STREET 6TH FLOOR
CONCORD,NH03301 		NONE PC ART 3,000

NEW HAMPSHIRE MUSIC FESTIVAL

PO BOX 64
PLYMOUTH,NH03264 		NONE PC ART 25,000

FRIENDS OF WISCONSIN SINGERS

212 W WISCONSIN AVE
MILWAUKEE,WI53203 		NONE PC ART 500

KQED

2601 MARIPOSA STREET
SAN FRANCISCO,CA94110 		NONE PC ART 3,000

WISCONSIN YOUTH SYMPHONY ORCHESTRAS

PO BOX 258039
MADISON,WI53725 		NONE PC ART 100,000

NATIONALS PARK CONSERVATION ASSOCIATION

777 6TH STREET NW 700
WASHINGTON,DC20001 		NONE PC CONSERVATION 500

APPALACHIAN TRAIL CONSERVANCY

799 WASHINGTON STREET PO BOX 807
HARPERS FERRY,WV25425 		NONE PC CONSERVATION 1,000

SQUAM LAKE LOON INITIATIVE

PO BOX 604
MOULTONBOROUGH,NH03254 		NONE PC CONSERVATION 25,000

APPALACHIAN MOUNTAIN CLUB

799 WASHINGTON STREET PO BOX 807
HARPERS FERRY,WV25425 		NONE PC CONSERVATION 2,500

TAHOE FUND

PO BOX 7124
TAHOE CITY,CA96145 		NONE PC CONSERVATION 354

NEW HAMPSHIRE LAKES ASSOCIATION

17 CHENNELL DRIVE SUITE ONE
CONCORD,NH03301 		NONE PC CONSERVATION 2,500

SQUAM LAKES ASSOCIATION

534 US ROUTE 3
HOLDERNESS,NH03245 		NONE PC CONSERVATION 15,000

INTERNATIONL CRANE FOUNDATION

E11376 SHADY LANE ROAD PO BOX 447
BARABOO,WI53913 		NONE PC CONSERVATION 500

YOSEMITE CONSERVANCY

101 MONTGOMERY STREET SUITE 1700
SAN FRANCISCO,CA94104 		NONE PC CONSERVATION 2,500

SAN MATEO COUNTY PARKS AND REC

1701 COYOTE POINT DRIVE
SAN MATEO,CA94401 		NONE PC CONSERVATION 1,000

RAILS TO TRAILS

THE DUKE ELLINGTON BUILDING 2121
WARD COURT NW 5TH FLOOR
WASHINGTON,DC20037 		NONE PC CONSERVATION 1,000

NATURESERVE

2550 SOUTH CLARK STREET
ARLINGTON,VA22202 		NONE PC CONSERVATION 500

PENINSULA OPEN SPACE TRUST

222 HIGH STREET
PALO ALTO,CA94301 		NONE PC CONSERVATION 1,000

PACIFIC CREST TRAIL

2150 RIVER PLAZA DR
SACRAMENTO,CA958333882 		NONE PC CONSERVATION 1,000

FILOLI

86 CANADA ROAD
WOODSIDE,CA94062 		NONE PC CONSERVATION 1,000

SEMPERVIRENS

PO BOX 1417
LOS ALTOS,CA940231417 		NONE PC CONSERVATION 3,000

SQUAM LAKES CONSERVANCY

PO BOX 696
HOLDERNESS,NH03227 		NONE PC CONSERVATION 5,000

LAND TRUST ALLIANCE

1250 H STREET NW 600
WASHINGTON,DC20005 		NONE PC CONSERVATION 500

CALIFORNIA STATE PARKS

33 NEW MONTGOMERY STREET 520
SAN FRANCISCO,CA94105 		NONE PC CONSERVATION 1,000

SQUAM LAKES NATURAL SCIENCE CENTER

PO BOX 173
HOLDERNESS,NH03245 		NONE PC EDUCATION 101,000

FUND FOR WISCONSIN SCHOLARS

PO BOX 5506
MADISON,WI53075 		NONE PC EDUCATION 25,000,000

UNIVERSITY OF WISCONSIN FOUNDATION

163 BASCOM HALL 500 LINCOLN DRIVE
MADISON,WI53706 		NONE PC EDUCATION 26,000,000

EMBARCADERO MEDIA THE ALMANAC

450 CAMBRIDGE AVE
PALO ALTO,CA94603 		NONE PC EDUCATION 1,000

EAST PALO ALTO KIDS

PO BOX 50542
EAST PALO ALTO,CA94303 		NONE PC EDUCATION 5,000

RAVENSWOOD EDUCATION FOUNDATION

PO BOX 396
MENLO PARK,CA94026 		NONE PC EDUCATION 25,000

CALIFORNIA ACADEMY OF SCIENCES

55 MUSIC CONCOURSE DRIVE
SAN FRANCISCO,CA19711 		NONE PC EDUCATION 1,000

VIDA VERDE NATURE EDUCATION

3540 LA HONDA
SAN GREGORIO,CA94074 		NONE PC EDUCATION 5,000

BOYS AND GIRLS CLUB OF THE PENINSULA

401 PIERCE ROAD
MENLO PARK,CA94025 		NONE PC EDUCATION 100,000

AMERICAN INDIAN COLLEGE FUND

8333 GREENWOOD BOULEVARD
DENVER,CO80221 		NONE PC EDUCATION 1,500

POSITIVE COACHING

66 FRANKLIN STREET 300
OAKLAND,CA94607 		NONE PC EDUCATION 1,000

CITY YEAR OF MILWAUKEE

648 NORTH PLANKINTON AVENUE SUITE
190
MILWAUKEE,WI53203 		NONE PC EDUCATION 579,536

MILWAUKEE PUBLIC MUSEUM

800 W WELLS STREET
MILWAUKEE,WI53233 		NONE PC EDUCATION 600,000

CITY YEAR

287 COLUMBUS AVENUE
BOSTON,MA02116 		NONE PC EDUCATION 300,000

CENTER FOR BLACK EXCELLENCE AND CULTURE

PO BOX 259042
MADISON,WI53725 		NONE PC EDUCATION 100,000

ALVERNO COLLEGE

PO BOX 343922
MILWAUKEE,WI53234 		NONE PC EDUCATION 10,000,000

BOOK TRUST

191 UNIVERSITY BLVD SUITE 527
DENVER,CO80206 		NONE PC EDUCATION 813,000

MILWAUKEE PUBLIC SCHOOLS

5225 W VLIET STREET
MILWAUKEE,WI53208 		NONE PC EDUCATION 2,403,213

MOUNT MARY UNIVERSITY

2900 NORTH MENOMONEE RIVER PARKWAY
MILWAUKEE,WI53222 		NONE PC EDUCATION 33,680

PEMI-BAKER LITERACY

258 HIGHLAND STREET SUITE 4
PLYMOUTH,NH03264 		NONE PC EDUCATION 500

USA WATER POLO

6 MORGAN SUITE 150
IRVINE,CA92618 		NONE PC EDUCATION 1,030

BOYS AND GIRLS CLUB OF GREATER MILWAUKEE

1558 N 6TH STREET
MILWAUKEE,WI53212 		NONE PC EDUCATION 1,269,784

PENINSULA BRIDGE

177 BOVET ROAD SUITE 120
SAN MATEO,CA94402 		NONE PC EDUCATION 100,000

BBB WISE GIVING

3033 WILSON BLVD SUITE 710
ARLINGTON,VA22201 		NONE PC GENERAL PURPOSES 250

AMERICAN LEADERSHIP FORUM SILICON VALLEY

1400 PARKMOOR AVE SUITE 280
SAN JOSE,CA95126 		NONE PC GENERAL PURPOSES 25,000

BUSINESS EXECUTIVES FOR NATIONAL SECURITY

1030 15TH STREET NW SUITE 200 EAST
WASHINGTON,DC20005 		NONE PC GENERAL PURPOSES 25,000

MALAWI CHILDREN'S VILLAGE

2105 OTTER STREET
ANCHORAGE,AK99504 		NONE PC INTERNATIONAL 500,000

CENTRAL ASIA INSTITUTE

2409 WEST MAIN STREET SUITE 1
BOZEMAN,MT59718 		NONE PC INTERNATIONAL 5,000

AFRICAN LEADERSHIP FOUNDATION

PO BOX 7408
NEW YORK,NY10150 		NONE PC INTERNATIONAL 5,000,000

INTERNATIONAL RESCUE COMMITTEE

122 EAST 42ND STREET
NEW YORK,NY10168 		NONE PC INTERNATIONAL 5,000

WORLD NEIGHBORS INC

5600 NORTH MAY AVE SUITE 160
OKLAHOMA CITY,OK73112 		NONE PC INTERNATIONAL 5,000

TECHNOSERVE

1777 NORTH KENT STREET SUITE 1100
ARLINGTON,VA22209 		NONE PC INTERNATIONAL 5,000

PLYMOUTH ROTARY FOUNDATION

PO BOX 5401
PLYMOUTH,MI48170 		NONE PC INTERNATIONAL 100,000

SOLAR COOKERS INTERNATIONAL

2400 22ND STREET
SACRAMENTO,CA95818 		NONE PC INTERNATIONAL 2,000

SAVE THE CHILDREN

501 KINGS HIGHWAY EAST SUITE 400
FAIRFIELD,CT06825 		NONE PC INTERNATIONAL 5,000

CHARITY - WATER

40 WORTH STREET STE 829
NEW YORK,NY10013 		NONE PC INTERNATIONAL 10,000

RESURGE INTERNATIONAL

756 N PASTORIA AVE
SUNNYVALE,CA94085 		NONE PC INTERNATIONAL 5,000

LUCILE PACKARD FOUNDATION FOR CHILDREN'S HEALTH

400 HAMILTON AVENUE 340
PALO ALTO,CA94301 		NONE PC MEDICAL 1,250

PLANNED PARENTHOOD OF NORTH NEW ENGLAND

784 HERCULES DRIVE SUITE 110
COLCHESTER,VT05446 		NONE PC MEDICAL 25,000

GARDNER HEALTH SERVICES

PO BOX 1240
ALVISO,CA95002 		NONE PC MEDICAL 1,500

SPEARE MEMORIAL HOSPITAL

16 HOSPITAL ROAD
PLYMOUTH,NH03264 		NONE PC MEDICAL 50,000

MORGRIDGE INSTITUTE FOUNDATION

330 N ORCHARD STREET
MADISON,WI53715 		NONE PC MEDICAL 25,000,000

RAVENSWOOD FAMILY HEALTH

1885 BAY ROAD
EAST PALO ALTO,CA94303 		NONE PC MEDICAL 10,000

FIDELITY CHARITABLE GIFT FUND - TAUPO

PO BOX 770001
CINCINNATI,OH45277 		NONE PC SEE STATEMENT 15 29,346,141

SHINE TOGETHER

508 VALLEY WAY
MILPITAS,CA95035 		NONE PC US AID 2,500

FOOD BANK OF THE ROCKIES

10700 EAST 45TH AVENUE
DENVER,CO80239 		NONE PC US AID 10,000

FEEDING AMERICA

161 NORTH CLARK STREET SUITE 700
CHICAGO,IL60601 		NONE PC US AID 15,000

FOODBANK OF SANTA BARBARA COUNTY

4554 HOLISTER AVENUE
SANTA BARBARA,CA93110 		NONE PC US AID 10,000

FOOD FOR THE POOR INC

6401 LYONS ROAD
COCONUT CREEK,FL33073 		NONE PC US AID 35,000

USO

PO BOX 96860
WASHINGTON,DC20077 		NONE PC US AID 25,000

GRANITE UNITED WAY

22 CONCORD STREET FLOOR 4
MANCHESTER,NH03101 		NONE PC US AID 100,000

TREE HOUSE CHILD AND FAMILY CENTER

W4063 COUNTY ROAD NN
ELKHORN,WI53121 		NONE PC US AID 200,000

GREATER BOSTON FOOD BANK INC

70 S BAY AVENUE
BOSTON,MA02118 		NONE PC US AID 10,000

PLYMOUTH AREA COMMUNITY CLOSET

PO BOX 434
PLYMOUTH,NH03264 		NONE PC US AID 2,500

MAYHEW

611 GRANITE SPRINGS ROAD
YORKTOWN HEIGHTS,NY10598 		NONE PC US AID 5,000

COVENANT HOUSE

461 EIGHTH AVENUE
NEW YORK,NY10001 		NONE PC US AID 976,085

HOMEFIRST SERVICES

507 VALLEY WAY
MILPITAS,CA95035 		NONE PC US AID 25,000

NORTH TEXAS FOOD BANK

3677 MAPLESHADE LANE
PLANO,TX75075 		NONE PC US AID 20,000

RALEIGH RESCUE MISSION INCORPORATED

314 E HARGETT STREET
RALEIGH,NC27601 		NONE PC US AID 25,000

SECOND HARVEST FOOD BANK OF MIDDLE TENNESSEE

331 GREAT CIRCLE ROAD
NASHVILLE,TN37228 		NONE PC US AID 10,000

ST VINCENT DE PAUL SAN MATEO

40 N B ST
SAN MATEO,CA94401 		NONE PC US AID 5,000

WOUNDED WARRIOR PROJECT INC

4899 BELFORT ROAD SUITE 300
JACKSONVILLE,FL32256 		NONE PC US AID 15,000

ECUMENCAL HUNGER

2411 PULGAS AVENUE
PALO ALTO,CA94303 		NONE PC US AID 1,000

CIRCLE PROGRAM

85 MAIN STREE PO BOX 815
PLYMOUTH,NH03264 		NONE PC US AID 10,000

BRIDGE HOUSE HOMELESS SHELTER

200 EAST SANTA CLARA STREET
SAN JOSE,CA95113 		NONE PC US AID 20,000

HANDSON BAY AREA

1504 BRYANT STREET 100
SAN FRANCISCO,CA94103 		NONE PC US AID 2,500

CATHOLIC CHARITIES SANTA CLARA

2050 BALLENGER AVENUE SUITE 400
ALEXANDRIA,VA22314 		NONE PC US AID 10,000

LINCOLN FAMILIES

1266 14TH STREET
OAKLAND,CA94607 		NONE PC US AID 5,000

PIVOTAL CONNECTIONS

75 E SANTA CLARA ST NO 1450
SAN JOSE,CA95113 		NONE PC US AID 5,000

MEALS ON WHEELS SAN FRANCISCO

1375 FAIRFAX AVENUE
SAN FRANCISCO,CA94124 		NONE PC US AID 2,500

CHALLENGED ATHLETES FOUNDATION

9591 WAPLES STREET
SAN DIEGO,CA92121 		NONE PC US AID 2,500

JOBTRAIN

1200 OBRIEN DRIVE
MENLO PARK,CA90425 		NONE PC US AID 5,000

HABITAT FOR HUMANITY

285 PEACHTREE CENTER AVE NE SUITE
2700
ATLANTA,GA30303 		NONE PC US AID 2,500

HIGHER GROUND

4040 AIRPORT BLVD
HOUSTON,TX77047 		NONE PC US AID 2,500

GUIDING EYES FOR THE BLIND

611 GRANITE SPRINGS ROAD
YORKTOWN HEIGHTS,NY10598 		NONE PC US AID 1,500

UNITED SOUTH END SETTLEMENTS

48 RUTLAND STREET
BOSTON,MA02118 		NONE PC US AID 21,255

ST ANTHONY PADUA

3500 MIDDLEFIELD ROAD
MENLO PARK,CA94025 		NONE PC US AID 5,000

HABITAT FOR HUMANITY EAST BAY

513 VALLEY WAY
MILPITAS,CA95035 		NONE PC US AID 10,000

HARBOR CARE

11134 SEPULVEDA BLVD
MISSION HILLS,CA91345 		NONE PC US AID 5,000

AKSHAYA PATRA FOUNDATION

6800 OWENSMOUTH AVENUE SUITE 230
CANOGA PARK,CA91303 		NONE PC US AID 50,000

MAUI FOOD BANK

760 KOLU STREET
WAILUKU,HI96793 		NONE PC US AID 70,000

ALAMEDA COUNTY COMMUNITY FOOD BANK

7900 EDGEWATER DRIVE
OAKLAND,CA94621 		NONE PC US AID 10,000

AVENIDAS

4000 MIDDLEFIELD ROAD BUILDING B
PALO ALTO,CA94303 		NONE PC US AID 1,000

SUICIDE AWARENESS VOICES OF EDUCATION

7900 XERXES AVE S
BLOOMINGTON,MN55431 		NONE PC US AID 250,000

BILL WILSON CENTER

3490 THE ALAMEDA
SANTA CLARA,CA95050 		NONE PC US AID 10,000

MARINES MEMORIAL

609 SUTTER STREET SUITE 2M
SAN FRANCISCO,CA94102 		NONE PC US AID 1,000
Total .................................right arrow 3a 129,772,088
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 2,386,580  
4 Dividends and interest from securities ....     14 4,847,060  
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 531390 -82,656      
bNot debt-financed property.....     16 -37,954  
6 Net rental income or (loss) from personal property     16 120,610  
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 16,697,752  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aLEGACY VENTURE IV LLC 		    16 1,931  
bWINDFALL INVESTMENTS LP     16 10,505,314  
cLEGACY VENTURE VII LLC     16 261,187  
dNON-DEDUCTIBLE EXPENSES FROM PASSTHROUGH     16 -12,611  
eLESS: AMOUNT REPORTED ON 990-T AS UBTI     16 140,603  
fLESS: AMOUNT REPORTED ON 990-T AS UBTI     16 -140,603  
gMICROVEST II LP     16 -2,835  
hLEGACY VENTURE VI (QP) LLC     16 7,056  
iLEGACY VENTURE VIII LLC     16 -58,025  
jK-1 RENTAL INCOME/(LOSS)     16 -120,610  
12 Subtotal. Add columns (b), (d), and (e) .. -82,656 34,595,455 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
34,512,799
(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.
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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
TOSA FOUNDATION
C/O TASHIA MORGRIDGE
Employer identification number

94-3165171
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
TOSA FOUNDATION
C/O TASHIA MORGRIDGE 		Employer identification number
94-3165171
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
JOHN P & TASHIA F MORGRIDGE
 
107 MAPACHE DRIVE
 
PORTOLA VALLEY, CA94028

$ 2,742,744


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
JOHN P & TASHIA F MORGRIDGE
 
107 MAPACHE DRIVE
 
PORTOLA VALLEY, CA94028

$ 4,922,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
JOHN P & TASHIA F MORGRIDGE
 
107 MAPACHE DRIVE
 
PORTOLA VALLEY, CA94028

$ 4,870,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
JOHN P & TASHIA F MORGRIDGE
 
107 MAPACHE DRIVE
 
PORTOLA VALLEY, CA94028

$ 5,562,000


(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
TOSA FOUNDATION
C/O TASHIA MORGRIDGE 		Employer identification number

94-3165171
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
 57,815 SHARES CISCO SYSTEMS, INC. $ 2,742,744 2024-05-22
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 100,000 SHARES CISCO SYSTEMS, INC. $ 4,922,000 2024-08-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 100,000 SHARES CISCO SYSTEMS, INC. $ 4,870,500 2024-09-09
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
4
 100,000 SHARES CISCO SYSTEMS, INC. $ 5,562,000 2024-10-16
(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
TOSA FOUNDATION
C/O TASHIA MORGRIDGE 		Employer identification number

94-3165171
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:
TOSA FOUNDATION
 
C/O TASHIA MORGRIDGE
EIN:
94-3165171
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING SERVICES 78,900 29,588   29,588

TY 2024 GeneralExplanationAttachment
Name:
TOSA FOUNDATION
 
C/O TASHIA MORGRIDGE
EIN:
94-3165171
Identifier Return Reference Explanation
SCHEDULE OF CONTROLLED ENTITY FORM 990-PF, PAGE 4, PART VI-A, LINE 11 TRANSFERS FROM CONTROLLED ENTITIESNAME OF CONTROLLED ENTITY EMPLOYER ID NOWINDFALL INVESTMENTS, LP 20-2356416ADDRESS201 MAIN STREET SUITE 1000 FORTH WORTH, TX 76102DESCRIPTION OF TRANSFER:DISTRIBUTION FROM LP - INCOME REPORTED ON 990-PF AND 990-T (SEE FORMS AND STATEMENTS)SCHEDULE K-1 FILED WITH THE IRS.AMOUNT OF TRANSFER: 75,000,000 ~~~~~~~~~~~~~~TOTAL AMOUNT OF TRANSFERS FROM CONTROLLED ENTITIES: 75,000,000 ~~~~~~~~~~~~~~EXCESS BUSINESS HOLDING [ ] YES [X] NO

TY 2024 InvestmentsCorpStockSchedule
Name:
TOSA FOUNDATION
 
C/O TASHIA MORGRIDGE
EIN:
94-3165171
Name of Stock End of Year Book Value End of Year Fair Market Value
2 SHS OF CISCO SYSTEMS 118 118
5,031,684.65 SHS OF FIMM TREASURY ONLY PORTFOLIO 5,031,685 5,031,685

TY 2024 InvestmentsOtherSchedule2
Name:
TOSA FOUNDATION
 
C/O TASHIA MORGRIDGE
EIN:
94-3165171
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MICROVEST II FMV 5,846 5,846
LEGACY VENTURE IV FMV 1,256,268 1,256,268
WINDFALL INVESTMENTS FMV 348,168,656 348,168,656

TY 2024 OtherAssetsSchedule
Name:
TOSA FOUNDATION
 
C/O TASHIA MORGRIDGE
EIN:
94-3165171
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
EXCISE TAX RECEIVABLE 232,295 232,295 232,295
INTERCOMPANY RECEIVABLE 21,000 0 0
DISTRIBUTION RECEIVABLE - WINDFALL 25,000,000 0 0
DISTRIBUTION RECEIVABLE - OHCP II (CAYMAN) 4,042 4,042 4,042


TY 2024 OtherDecreasesSchedule
Name:
TOSA FOUNDATION
 
C/O TASHIA MORGRIDGE
EIN:
94-3165171
Description Amount
UNREALIZED BOOK LOSS 11,400,233


TY 2024 OtherExpensesSchedule
Name:
TOSA FOUNDATION
 
C/O TASHIA MORGRIDGE
EIN:
94-3165171
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BOOKS, SUBSCRIPTIONS & MEMBERSHIPS 2,290 0   2,290
POSTAGE & SHIPPING 1,773 0   1,773
TELEPHONE 5,794 0   5,794
LICENSE & PERMITS 20 0   20
OTHER EXPENSES 149 0   149
OFFICE SUPPLIES 896 0   896
ADMINISTRATIVE SUPPORT 32,261 0   32,261


TY 2024 OtherIncomeSchedule2
Name:
TOSA FOUNDATION
 
C/O TASHIA MORGRIDGE
EIN:
94-3165171
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
LEGACY VENTURE IV LLC 1,931 1,931 1,931
WINDFALL INVESTMENTS LP 10,505,314 10,505,314 10,505,314
LEGACY VENTURE VII LLC 261,187 261,187 261,187
NON-DEDUCTIBLE EXPENSES FROM PASSTHROUGH -12,611   -12,611
LESS: AMOUNT REPORTED ON 990-T AS UBTI 140,603 140,603 140,603
LESS: AMOUNT REPORTED ON 990-T AS UBTI -140,603   -140,603
MICROVEST II LP -2,835 -2,835 -2,835
LEGACY VENTURE VI (QP) LLC 7,056 7,056 7,056
LEGACY VENTURE VIII LLC -58,025 -58,025 -58,025
K-1 RENTAL INCOME/(LOSS) -120,610 -120,610 -120,610


TY 2024 OtherIncreasesSchedule
Name:
TOSA FOUNDATION
 
C/O TASHIA MORGRIDGE
EIN:
94-3165171
Description Amount
CY ACCRUAL TO CASH ADJUSTMENT 25,369,000


TY 2024 OtherLiabilitiesSchedule
Name:
TOSA FOUNDATION
 
C/O TASHIA MORGRIDGE
EIN:
94-3165171
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED TAX LIABILITY 1,309,000 940,000
ACCRUED EXPENSES 11,796 3,525


TY 2024 OtherProfessionalFeesSchedule
Name:
TOSA FOUNDATION
 
C/O TASHIA MORGRIDGE
EIN:
94-3165171
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROJECT MANAGEMENT FEE 6,175 0   6,175


TY 2024 TaxesSchedule
Name:
TOSA FOUNDATION
 
C/O TASHIA MORGRIDGE
EIN:
94-3165171
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FROM SCHEDULE K-1 - FOREIGN TAXES 197,974 197,974   0
FEDERAL TAXES 675,000 0   0


TY 2024 TransfersFrmControlledEntities
Name:
TOSA FOUNDATION
 
C/O TASHIA MORGRIDGE
EIN:
94-3165171
Name US /
Foreign Address		 EIN Description Amount
WINDFALL INVESTMENTS LP 201 MAIN STREET SUITE 1000
FORTH WORTH,TX76102 		20-2356416 DISTRIBUTION FROM LP-SEE INCOME REPORTED ON 990-PF AND 990-T STATEMENTS(SCH. K-1 FILED WITH THE IRS) 0
Total     75,000,000