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
VITAL PROJECTS FUND INC
 
Number and street (or P.O. box number if mail is not delivered to street address)375 PARK AVE 3601
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10152
A Employer identification number

13-3711340
B Telephone number (see instructions)

(973) 472-6250
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$362,947,737J 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 1,346,277 1,346,277  
4 Dividends and interest from securities... 9,858,440 9,858,440  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 39,055,600
b Gross sales price for all assets on line 6a 45,949,115
7 Capital gain net income (from Part IV, line 2)... 39,055,600
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
11,027 11,027  
12 Total. Add lines 1 through 11........ 50,271,344 50,271,344  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 215,000 107,500   107,500
14 Other employee salaries and wages...... 640,614 320,307   320,307
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
5,452 2,726   2,726
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
55,816 27,908   27,908
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
114,927 114,927   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,032,314 85,907   946,407
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,064,123 659,275   1,404,848
25 Contributions, gifts, grants paid....... 15,025,722 15,142,525
26 Total expenses and disbursements. Add lines 24 and 25 17,089,845 659,275   16,547,373
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 33,181,499
b Net investment income (if negative, enter -0-) 49,612,069
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......... 10,369,328 12,189,309 12,189,309
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) 105,566,289 Click to see attachment
List of Attached Documents:
// Content
74,789,952 		74,789,952
b Investments—corporate stock (attach schedule)....... 223,755,826 Click to see attachment
List of Attached Documents:
// Content
274,544,884 		274,544,884
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)..........      
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
15,674,852 		Click to see attachment
List of Attached Documents:
// Content
1,423,592 		Click to see attachment
List of Attached Documents:
// Content
1,423,592
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 355,366,295 362,947,737 362,947,737
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 166,803 50,000
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
4,268,243 		Click to see attachment
List of Attached Documents:
// Content
3,684,211
23 Total liabilities (add lines 17 through 22)......... 4,435,046 3,734,211
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 350,931,249 359,213,526
29 Total net assets or fund balances (see instructions)..... 350,931,249 359,213,526
30 Total liabilities and net assets/fund balances (see instructions). 355,366,295 362,947,737
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
350,931,249
2
Enter amount from Part I, line 27a .....................
2
33,181,499
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
384,112,748
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
24,899,222
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
359,213,526
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 LONG-TERM GAINS FROM GOLDMAN SACHS P 1981-01-01 2024-12-31
b LONG-TERM GAINS FROM VANGUARD P 2023-01-01 2024-12-31
c SHORT-TERM GAINS FROM VANGUARD P 2024-01-01 2024-12-31
d CAPITAL GAIN P 2023-01-01 2024-12-31
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 45,428,087   6,893,207 38,534,880
b 495,007     495,007
c 26,021     26,021
d     308 -308
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       38,534,880
b       495,007
c       26,021
d       -308
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 39,055,600
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) 1 689,608
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........................... 3 689,608
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- ..... 5 689,608
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 750,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 600,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,350,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 660,392
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow660,392 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 arrowNY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See 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 arrowMCDERMOTT WILL EMERY LLP Telephone no.right arrow (212) 547-5400

Located atright arrow1 VANDERBILT AVE 86TH FLOORNEW YORKNY ZIP+4right arrow100173852
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
 
 
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
DAVID F MENSCHEL PRESIDENT/DIRECTOR/TREASURER
25.00 		100,000 0 0
C/O VITAL PROJECTS 811 SE STARK ST
PORTLAND,OR97214
MARIANNE SAMMARCO ASSISTANT SECRETARY
20.00 		75,000 0 0
375 PARK AVENUE SUITE 3601
NEW YORK,NY10152
JAY RIVLIN DIRECTOR
2.00 		40,000 0 0
1 VANDERBILT AVE 86TH FLOOR
NEW YORK,NY10017
LAUREN E MENSCHEL SECRETARY/DIRECTOR
0.25 		0 0 0
375 PARK AVENUE SUITE 3601
NEW YORK,NY10152
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
NANCY ERTAG-BRAND CFO/CIO
40.00 		270,100 41,804 0
375 PARK AVENUE SUITE 3601
NEW YORK,NY10152
SOPHIE CULL CRIMINAL JUSTICE PRO
40.00 		160,501 27,792 0
3016 DUMAINE STREET
NEW ORLEANS,LA70119
LANEY BETH ELLISOR PROGRAM MANAGER
40.00 		110,021 19,354 0
811 SE STARK STREET
PORTLAND,OR97214
ARIEL JACOBS ASSOCIATE
40.00 		100,000 17,184 0
375 PARK AVENUE SUITE 3601
NEW YORK,NY10152
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
NONE
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 PLEASE NOTE THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT UNDER 0
2 INTERNAL REVENUE CODE SECTION 501(C)(3). 0
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
363,638,931
b
Average of monthly cash balances.......................
1b
1,634,593
c
Fair market value of all other assets (see instructions)................
1c
2,690,767
d
Total (add lines 1a, b, and c).........................
1d
367,964,291
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
367,964,291
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
5,519,464
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
362,444,827
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
18,122,241
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
18,122,241
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
689,608
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
689,608
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
17,432,633
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
17,432,633
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
17,432,633
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
16,547,373
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
16,547,373
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 17,432,633
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 14,179,337
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 16,547,373
a Applied to 2023, but not more than line 2a 14,179,337
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..... 2,368,036
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		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 .......... 		15,064,597
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 ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
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

ABILITY CENTER OF VIRGINIA

5825 ARROWHEAD DR 201
VIRGINIA BEACH,VA23462 		NONE CHARITY GENERAL SUPPORT 15,000

ABOLITIONIST LAW CENTER

PO BOX 8654
PITTSBURGH,PA15221 		NONE CHARITY GENERAL SUPPORT 75,000

ACLU OF MICHIGAN FOUNDATION

2966 WOODWARD AVENUE
DETROIT,MI48201 		NONE CHARITY GENERAL SUPPORT 225,000

ACLU OF NEW JERSEY FOUNDATION

PO BOX 32159
NEWARK,NJ07102 		NONE CHARITY GENERAL SUPPORT 100,000

ADVANCING REAL CHANGE

309 N CHARLES ST
BALTIMORE,MD21201 		NONE CHARITY GENERAL SUPPORT 75,000

ADVERTISING COUNCIL

815 SECOND AVENUE 9TH FLOOR
NEW YORK,NY10017 		NONE CHARITY GENERAL SUPPORT 25,000

ALABAMA APPLESEED

400 S UNION ST
MONTGOMERY,AL36104 		NONE CHARITY GENERAL SUPPORT 80,000

AMERICAN CIVIL LIBERTIES UNION FOUNDATION

125 BROAD STREET 18TH FLOOR
NEW YORK,NY10004 		NONE CHARITY GENERAL SUPPORT 100,000

ARCHIVES OF AMERICAN ART

750 9TH ST NW
WASHINGTON,DC20001 		NONE CHARITY GENERAL SUPPORT 25,000

ARIZONA CAPITAL REPRESENTATION PROJECT

25 S GRANDE AVE
TUCSON,AZ85745 		NONE CHARITY GENERAL SUPPORT 150,000

ASOLO THEATER INC

5555 N TAMIAMI TRAIL
SARASOTA,FL34243 		NONE CHARITY GENERAL SUPPORT 15,000

ATLANTIC CENTER FOR CAPITAL REPRESENTATION

1315 WALNUT ST 1331
PHILADELPHIA,PA19107 		NONE CHARITY GENERAL SUPPORT 110,000

BEAR HUG CATTLE COMPANY

256 EAGLE ROCK AVE
ROSELAND,NJ07068 		NONE CHARITY GENERAL SUPPORT 10,000

BRADY CENTER TO PREVENT GUN VIOLENCE (WAS CENTER TO PREV)

840 FIRST STREET NE SUITE 400
WASHINGTON,DC20002 		NONE CHARITY GENERAL SUPPORT 10,000

BRAIN & BEHAVIOR RESEARCH FDN

747 THIRD AVENUE 33RD FLOOR
NEW YORK,NY10017 		NONE CHARITY GENERAL SUPPORT 125,000

BRIDGEHAMPTON CHAMBER MUSIC FESTIVAL

135 E 57TH STREET 14TH FL
NEW YORK,NY10022 		NONE CHARITY GENERAL SUPPORT 25,000

BRIDGING CULTURAL GAPS

946 INDUSTRY DR
TUKWILA,WA98188 		NONE CHARITY GENERAL SUPPORT 75,000

CAMPAIGN FOR THE FAIR SENTENCING OF YOUTH

1319 F STREET NW SUITE 303
WASHINGTON,DC20004 		NONE CHARITY GENERAL SUPPORT 150,000

CAPITAL APPEALS PROJECT

7214 SAINT CHARLES AVE 9
NEW ORLEANS,LA70118 		NONE CHARITY GENERAL SUPPORT 100,000

CENTER FOR COMMUNITY ALTERNATIVES

25 CHAPEL STREET 7TH FLOOR
BROOKLYN,NY11201 		NONE CHARITY GENERAL SUPPORT 100,000

CERES COMMUNITY PROJECT

PO BOX 1562
SEBASTOPOL,CA95473 		NONE CHARITY GENERAL SUPPORT 75,000

CHEF ANN FOUNDATION

5485 CONESTOGA CT 110F
BOULDER,CO80301 		NONE CHARITY GENERAL SUPPORT 250,000

CITY HARVEST INC

6 EAST 32ND STREET 5TH FLOOR
NEW YORK,NY10016 		NONE CHARITY GENERAL SUPPORT 125,000

COALITION FOR THE HOMELESS

1300 S FOURTH STREET 250
LOUISVILLE,KY40208 		NONE CHARITY GENERAL SUPPORT 50,000

COLUMBIA UNIVERSITY

615 W 131ST ST
NEW YORK,NY10027 		NONE CHARITY GENERAL SUPPORT 50,000

COMMITTEE TO PROTECT JOURNALISTS

PO BOX 2675
NEW YORK,NY10108 		NONE CHARITY GENERAL SUPPORT 20,000

COMMUNITY FUNDS INC

909 3RD AVE FL 22
NEW YORK,NY10022 		NONE CHARITY GENERAL SUPPORT 900,000

DESERVING LIFE

1300G EL PASEO RD UNIT 310
LAS CRUCES,NM880016024 		NONE CHARITY GENERAL SUPPORT 50,000

DONNIE SHELL SCHOLARSHIP FOUNDATION

2945 SHANDON RD
ROCK HILL,SC29730 		NONE CHARITY GENERAL SUPPORT 10,000

DOWNTOWN STREETS TEAM INC

1671 THE ALAMEDA STE 301
SAN JOSE,CA95126 		NONE CHARITY GENERAL SUPPORT 10,000

DRAWBRIDGE

PO BOX 2698
SAN RAFAEL,CA94912 		NONE CHARITY GENERAL SUPPORT 10,000

DUKE UNIVERSITY

ALUMNI DEVELOPMENT
DURHAM,NC27708 		NONE CHARITY GENERAL SUPPORT 340,000

FAMILIES AGAINST MANDATORY MINIMUMS

1100 H STREET NW SUITE 1000
WASHINGTON,DC20005 		NONE CHARITY GENERAL SUPPORT 175,000

FEEDING AMERICA

161 NORTH CLARK STREET SUITE 700
CHICAGO,IL60601 		NONE CHARITY GENERAL SUPPORT 25,000

FELONY MURDER ELIMINATION PROJECT

PO BOX 441
CLAYTON,CA94517 		NONE CHARITY GENERAL SUPPORT 90,000

FOOD BANK FOR NEW YORK CITY

39 BROADWAY
NEW YORK,NY10006 		NONE CHARITY GENERAL SUPPORT 100,000

FOOD BANK OF THE ROCKIES

10700 E 45TH AVENUE
DENVER,CO80239 		NONE CHARITY GENERAL SUPPORT 10,000

FRIENDS OF GEORGICA POND FOUNDATION

PO BOX 1393
WAINSCOTT,NY11975 		NONE CHARITY GENERAL SUPPORT 25,000

GLIDE MEMORIAL METHODIST CHURCH

330 ELLIS ST
SAN FRANCISCO,CA94102 		NONE CHARITY GENERAL SUPPORT 50,000

GUILD HALL OF EAST HAMPTON

158 MAIN ST
EAST HAMPTON,NY11937 		NONE CHARITY GENERAL SUPPORT 25,000

HABITAT FOR HUMANITY NEW YORK CITY

111 JOHN ST 23RD FLOOR
NEW YORK,NY10038 		NONE CHARITY GENERAL SUPPORT 50,000

HEALING ADVOCACY FUND

8110 SE RAMONA ST
PORTLAND,OR972065155 		NONE CHARITY GENERAL SUPPORT 200,000

HENRY STREET SETTLEMENT

265 HENRY ST
NEW YORK,NY10002 		NONE CHARITY GENERAL SUPPORT 15,000

HEROIC HEARTS PROJECT INC

105 W 125TH ST FRNT 1 1258
NEW YORK,NY10027 		NONE CHARITY GENERAL SUPPORT 25,000

HOLY ROSARY CHURCH

2716 N 42ND ST
FAIRMONT CITY,IL622012212 		NONE CHARITY GENERAL SUPPORT 75,000

HOMELESS PRENATAL PROGRAM

2500 18TH ST
SAN FRANCISCO,CA94110 		NONE CHARITY GENERAL SUPPORT 25,000

HOPEWELL FUND

1828 L STREET NW 300-D
WASHINGTON,DC200365109 		NONE CHARITY GENERAL SUPPORT 262,000

HOUR CHILDREN INC

36-11 12TH ST
QUEENS,NY11106 		NONE CHARITY GENERAL SUPPORT 15,000

I HAVE A DREAM FOUNDATION OF BOULDER COUNTY

322 8TH AVENUE SUITE 202
NEW YORK,NY10001 		NONE CHARITY GENERAL SUPPORT 50,000

ILLINOIS PRISON PROJECT

53 W JACKSON SUITE 452
CHICAGO,IL60604 		NONE CHARITY GENERAL SUPPORT 100,000

INVESTIGATIVE REPORTS & EDITORS INC

141 NEFF ANNEX
COLUMBIA,MO65211 		NONE CHARITY GENERAL SUPPORT 175,000

LEWIS & CLARK COLLEGE

615 SW PALATINE HILL RD
PORTLAND,OR97219 		NONE CHARITY GENERAL SUPPORT 96,500

LINCOLN CENTER FOR PERFORMING ARTS-JAZZ AT LINCOLN CENTER

10 COLUMBUS CIR
NEW YORK,NY10023 		NONE CHARITY GENERAL SUPPORT 35,000

LONG HOUSE RESERVE

133 HANDS CREEK RD
EAST HAMPTON,NY11937 		NONE CHARITY GENERAL SUPPORT 50,000

LOOK2JUSTICE

PO BOX 30624
SEATTLE,WA98113 		NONE CHARITY GENERAL SUPPORT 50,000

LOUISIANA PAROLE PROJECT INC

251 FLORIDA STREET SUITE 400
BATON ROUGE,LA70801 		NONE CHARITY GENERAL SUPPORT 550,000

LOYOLA UNIVERSITY NEW ORLEANS

6363 SAINT CHARLES AVE
NEW ORLEANS,LA70118 		NONE CHARITY GENERAL SUPPORT 125,000

MAD AGRICULTURE

728 PEARL ST
BOULDER,CO80302 		NONE CHARITY GENERAL SUPPORT 100,000

MAKE THE ROAD

301 GROVE STREET
BROOKLYN,NY11237 		NONE CHARITY GENERAL SUPPORT 30,000

MARIJUANA POLICY PROJECT FOUNDATION

PO BOX 21824
WASHINGTON,DC20009 		NONE CHARITY GENERAL SUPPORT 25,000

MEDIA MATTERS FOR AMERICA

PO BOX 44811
WASHINGTON,DC20026 		NONE CHARITY GENERAL SUPPORT 25,000

MEL BLOUNT YOUTH HOME OF PA INC

6 MEL BLOUNT DRIVE
CLAYSVILLE,PA15323 		NONE CHARITY GENERAL SUPPORT 65,000

MEMORIAL SLOAN-KETTERING HOSPITAL

1275 YORK AVENUE
NEW YORK,NY10065 		NONE CHARITY GENERAL SUPPORT 50,000

MESTIZO DANCE INC

8520 ELMHURST AVE APT 2F
ELMHURST,NY113733310 		NONE CHARITY GENERAL SUPPORT 50,000

MILE HIGH UNITED WAY

711 PARK AVE W
DENVER,CO80205 		NONE CHARITY GENERAL SUPPORT 75,000

CONGREGATION OF ST JOSEPH MINISTRY AGAINST THE DEATH PENALTY

3009 GRAND RTE ST JOHN 6
NEW ORLEANS,LA70119 		NONE CHARITY GENERAL SUPPORT 75,000

MITCHELL HAMLINE SCHOOL OF LAW

875 SUMMIT AVE
ST PAUL,MN55105 		NONE CHARITY GENERAL SUPPORT 230,000

NATIONAL ADVOCATES FOR PREGNANT WOMEN

575 8TH AVE SUITE 700
NEW YORK,NY10018 		NONE CHARITY GENERAL SUPPORT 225,000

NATIONAL REGISTRY OF EXONERATIONS FOUNDATION

1140 ABBOTT RD 154
EAST LANSING,MI48826 		NONE CHARITY GENERAL SUPPORT 50,000

NATIONAL RELIGIOUS CAMPAIGN AGAINST TORTURE

PO BOX 91820
WASHINGTON,DC20090 		NONE CHARITY GENERAL SUPPORT 105,000

NEIGHBORHOOD RESILIENCE PROJECT

2038 BEDFORD AVE
PITTSBURGH,PA15219 		NONE CHARITY GENERAL SUPPORT 25,000

NEW YORK CITY BALLET

20 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		NONE CHARITY GENERAL SUPPORT 75,000

NEW YORK CITY CENTER

131 W 55TH ST
NEW YORK,NY10019 		NONE CHARITY GENERAL SUPPORT 30,000

NEW YORK COMMON PANTRY

8 E 109TH ST
NEW YORK,NY10029 		NONE CHARITY GENERAL SUPPORT 15,000

NEW YORK FOCUS NEWS

361 WARREN ST
BROOKLYN,NY11201 		NONE CHARITY GENERAL SUPPORT 55,000

NEW YORK PRESBYTERIAN HOSPITAL - WEILL CORNELL MEDICAL SCHOOL

5141 BRAODWAY
NEW YORK,NY10034 		NONE CHARITY GENERAL SUPPORT 25,000

NORTHERN ARIZONA UNIVERSITY

S SAN FRANCISCO ST
FLAGSTAFF,AZ86011 		NONE CHARITY GENERAL SUPPORT 25,000

NURSE FAMILY PARTNERSHIP

1900 GRANT ST 4TH FLOOR
DENVER,CO80203 		NONE CHARITY GENERAL SUPPORT 125,000

NY PRESBYTERIAN - DIVISION OF CARDIOLOGY

5141 BROADWAY
NEW YORK,NY10034 		NONE CHARITY GENERAL SUPPORT 50,000

NYC TOGETHER INC

55 WASHINGTON ST STE 728
BROOKLYN,NY11201 		NONE CHARITY GENERAL SUPPORT 100,000

OUTWARD BOUND BAY AREA

1539 PERSHING DR
SAN FRANCISCO,CA94129 		NONE CHARITY GENERAL SUPPORT 10,000

PAROLE PREPARATION PROJECT INC

135 W 20TH ST SUITE 401
NEW YORK,NY10011 		NONE CHARITY GENERAL SUPPORT 100,000

PART OF THE SOLUTION INC (POTS)

2759 WEBSTER AVE
BRONX,NY10458 		NONE CHARITY GENERAL SUPPORT 15,000

PARTNERS FOR JUSTICE INC

244 5TH AVE STE R277
NEW YORK,NY10001 		NONE CHARITY GENERAL SUPPORT 50,000

PHILLIPS BLACK PROJECT

171 BROADWAY SUITE 201
OAKLAND,CA946122124 		NONE CHARITY GENERAL SUPPORT 150,000

PLAYERS PHILANTHROPY FUND

1122 KENILWORTH DR SUITE 201
TOWSON,MD21204 		NONE CHARITY GENERAL SUPPORT 125,000

PROTEUS FUND

15 RESEARCH DRIVE SUITE B
AMHERST,MA01002 		NONE CHARITY GENERAL SUPPORT 3,496,000

REPRIEVE US

PO BOX 792325
NEW ORLEANS,LA701792325 		NONE CHARITY GENERAL SUPPORT 80,000

RIGHTS BEHIND BARS

416 FLORIDA AVENUE NW 26152
WASHINGTON,DC20001 		NONE CHARITY GENERAL SUPPORT 200,000

RINGLING COLLEGE OF ART AND DESIGN

2700 N TAMIAMI TRL
SARASOTA,FL34234 		NONE CHARITY GENERAL SUPPORT 20,000

SAFE AND JUST MICHIGAN

521 SEYMOUR AVE
LANSING,MI48933 		NONE CHARITY GENERAL SUPPORT 150,000

SCHOOLS THAT CAN

25 BROADWAY 12TH FLOOR
NEW YORK,NY10004 		NONE CHARITY GENERAL SUPPORT 15,000

SCRAP

1736 SW ALDER STREET
PORTLAND,OR97205 		NONE CHARITY GENERAL SUPPORT 15,000

SEATTLE CELEMENCY PROJECT

1126 34TH AVE 309
SEATTLE,WA98122 		NONE CHARITY GENERAL SUPPORT 325,000

SECOND LOOK PROJECT

200 MASSACHUSSETS AVE NW 8TH FLOOR
WASHINGTON,DC20001 		NONE CHARITY GENERAL SUPPORT 125,000

SOCIAL AND ENVIORMENTAL ENTREPRENEURS

23564 CALABASAS ROAD SUITE 201
CALABASAS,CA91302 		NONE CHARITY GENERAL SUPPORT 160,000

SOUTHERN POVERTY LAW CENTER

400 WASHINGTON AVENUE
MONTGOMERY,AL36104 		NONE CHARITY GENERAL SUPPORT 60,000

STATEN ISLAND UNIVERSITY HOSPITAL

475 SEAVIEW AVE
STATEN ISLAND,NY10305 		NONE CHARITY GENERAL SUPPORT 50,000

TEXAS DEFENDER SERVICE

1927 BLODGETT ST
HOUSTON,TX77004 		NONE CHARITY GENERAL SUPPORT 350,000

TEXAS FAIR DEFENSE PROJECT

900 BLACKSON AVE 14541
AUSTIN,TX78752 		NONE CHARITY GENERAL SUPPORT 75,000

TEXAS PUBLIC POLICY FOUNDATION

901 CONGRESS AVE
AUSTIN,TX78701 		NONE CHARITY GENERAL SUPPORT 80,000

THE AHIMSA COLLECTIVE

3308 SCHOOL ST
OAKLAND,CA94602 		NONE CHARITY GENERAL SUPPORT 75,000

THE CAMPAIGN AGAINST HUNGER (TCAH)

2010 FULTON ST
BROOKLYN,NY11233 		NONE CHARITY GENERAL SUPPORT 15,000

THE FILM COLLABORATIVE INC

3405 CAZADOR ST
LOS ANGELES,CA90065 		NONE CHARITY GENERAL SUPPORT 50,000

THE HADANOU COLLECTIVE

3533 N MARION ST
DENVER,CO80205 		NONE CHARITY GENERAL SUPPORT 125,000

THE JUILLIARD SCHOOL

60 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		NONE CHARITY GENERAL SUPPORT 25,000

THE POLITICAL REPORT INC

1250 CONNECTICUT AVE NW STE 700
WASHINGTON,DC200362657 		NONE CHARITY GENERAL SUPPORT 200,000

THERE WITH CARE

2825 WILDERNESS PLACE SUITE 100
BOULDER,CO80301 		NONE CHARITY GENERAL SUPPORT 15,000

TIDES CENTER

PO BOX 889385
LOS ANGELES,CA90088 		NONE CHARITY GENERAL SUPPORT 106,000

TIDES FOUNDATION

1012 TORNEY AVENUE
SAN FRANCISCO,CA941291755 		NONE CHARITY GENERAL SUPPORT 40,000

TRANSFORMATIVE JUSTICE COMMUNITY

5441 S MACADAM AVE STE 4125
PORTLAND,OR97239 		NONE CHARITY GENERAL SUPPORT 30,000

TRUSTEES OF BOSTON UNIVERSITY

881 COMMONWEALTH AVE FL 4
BOSTON,MA02215 		NONE CHARITY GENERAL SUPPORT 121,000

TULANE UNIVERSITY

6823 ST CHARLES AVE
NEW ORLEANS,LA70118 		NONE CHARITY GENERAL SUPPORT 100,000

UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION

1995 UNIVERSITY AVE 401
BERKELEY,CA94704 		NONE CHARITY GENERAL SUPPORT 150,000

UNIVERSITY OF SAN FRANCISCO

2130 FULTON ST
SAN FRANCISCO,CA94117 		NONE CHARITY GENERAL SUPPORT 50,000

URBAN JUSTICE CENTER

40 RECTOR STREET 9TH FLOOR
NEW YORK,NY10006 		NONE CHARITY GENERAL SUPPORT 100,000

UTAH FILM CENTER

375 W 400 N
SALT LAKE CITY,UT84103 		NONE CHARITY GENERAL SUPPORT 150,000

VERMONTERS FOR CRIMINAL JUSTICE REFORM

PO BOX 8753
BURLINGTON,VT05402 		NONE CHARITY GENERAL SUPPORT 75,000

WOMEN IN CALIFORNIA LEADERSHIP INC

1700 TRIBUTE RD STE 201
SACRAMENTO,CA95815 		NONE CHARITY GENERAL SUPPORT 165,000

YALE UNIVERSITY

PO BOX 2038
NEW HAVEN,CT06520 		NONE CHARITY GENERAL SUPPORT 391,000
Total .................................right arrow 3a 15,142,500
bApproved for future payment

SEE ATTACHED VARIOUS ORGANIZATIONS
SEE ATTACHED
SEE ATTACHED,NY10152 		NONE CHARITY GENERAL SUPPORT 50,000
Total ................................. right arrow 3b 50,000
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 1,346,277  
4 Dividends and interest from securities ....     14 9,858,440  
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 .....     01 11,027  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 39,055,600  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 50,271,344 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
50,271,344
(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
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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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with the preparer shown below?
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 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
VITAL PROJECTS FUND INC
EIN:
13-3711340
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SAX LLP 33,000 16,500   16,500
CONDON O'MEARA, MCGINTY 22,816 11,408   11,408

TY 2024 InvestmentsCorpStockSchedule
Name:
VITAL PROJECTS FUND INC
EIN:
13-3711340
Name of Stock End of Year Book Value End of Year Fair Market Value
GOLDMAN SACHS ACCOUNT NO. 6795 181,927,884 181,927,884
FIDELITY ACCOUNT NO. 8141 92,617,000 92,617,000

TY 2024 InvestmentsGovtObligationsSch
Name:
VITAL PROJECTS FUND INC
EIN:
13-3711340
US Government Securities - End of Year Book Value:

74,789,952
US Government Securities - End of Year Fair Market Value:

74,789,952
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 LegalFeesSchedule
Name:
VITAL PROJECTS FUND INC
EIN:
13-3711340
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MCDERMOTT, WILL, & EMERY 5,452 2,726   2,726


TY 2024 OtherAssetsSchedule
Name:
VITAL PROJECTS FUND INC
EIN:
13-3711340
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ETON PARK OVERSEAS FUND LTD 308 0 0
DIVIDEND RECEIVABLE 490,587 436,518 436,518
DUE FROM CHARINA ENDOWMENT FUND 36,869 36,250 36,250
RIGHT TO USE ASSET - LEASE 1,080,880 950,824 950,824
REDEMPTION RECEIVABLE (LONE CASCADE K-1) 14,066,208 0 0


TY 2024 OtherDecreasesSchedule
Name:
VITAL PROJECTS FUND INC
EIN:
13-3711340
Description Amount
UNREALIZED APPRECIATION FROM INVESTMENTS 23,927,899
ADJUSTMENT FOR DEFERRED FEDERAL EXCISE TAXES 914,952
PRIOR YEAR DIFFERENCE 56,371


TY 2024 OtherExpensesSchedule
Name:
VITAL PROJECTS FUND INC
EIN:
13-3711340
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING EXPENSE 258,908 0   258,908
INSURANCE 17,483 0   17,483
MISCELLANEOUS OFFICE EXPENSE 14,117 0   14,117
PAYROLL TAXES AND OTHER PR EXP 251,020 0   251,020
RENT EXPENSE 343,629 85,907   257,722
SUBSCRIPTIONS 16,619 0   16,619
SUPPLIES 7,754 0   7,754
RESEARCH, EDUCATION AND TRAVEL 82,457 0   82,457
GENERAL & ADMINISTRATIVE 2,007 0   2,007
COMPUTERS 1,030 0   1,030
POSTAGE 1,484 0   1,484
SOFTWARE 26,950 0   26,950
TELEPHONE 7,356 0   7,356
FILING FEES 1,500 0   1,500


TY 2024 OtherIncomeSchedule2
Name:
VITAL PROJECTS FUND INC
EIN:
13-3711340
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISC. INCOME 11,027 11,027 11,027


TY 2024 OtherLiabilitiesSchedule
Name:
VITAL PROJECTS FUND INC
EIN:
13-3711340
Description Beginning of Year - Book Value End of Year - Book Value
DUE TO HORACE W. GOLDSMITH FDN 75,737 75,819
DEFERRED FEDERAL EXCISE TAXES 2,762,851 2,291,960
STATE TAXES PAYABLE 585 585
ACCRUED ACCOUNTING FEES 50,000 50,000
ACCOUNTS PAYABLE 11,000 11,000
DUE TO GOLDMAN SACHS 90,667 107,500
RIGHT TO USE - OPERATING LEASE LIABILITY 1,277,403 1,147,347


TY 2024 TaxesSchedule
Name:
VITAL PROJECTS FUND INC
EIN:
13-3711340
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX THRU GOLDMAN SACHS 114,927 114,927   0