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
SUN FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)17600 NEWHOPE STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FOUNTAIN VALLEY, CA92708
A Employer identification number

33-0868088
B Telephone number (see instructions)

(714) 435-2640
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$91,847,351J Accounting method:
Modified Cash
(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) 19,967,705
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,377,299 2,377,299  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,729,634
b Gross sales price for all assets on line 6a 23,878,034
7 Capital gain net income (from Part IV, line 2)... 6,929,465
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).......      
12 Total. Add lines 1 through 11........ 24,074,638 9,306,764  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 14,285 0   14,285
14 Other employee salaries and wages...... 109,036 0   109,036
15 Pension plans, employee benefits....... 29,159 0   29,159
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
3,680 0   3,680
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
69,130 34,565   34,565
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
755,531 722,893   32,638
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
59,643 2,322   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 36,938 18,469   18,469
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
567,330 530,245   37,085
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,644,732 1,308,494   278,917
25 Contributions, gifts, grants paid....... 5,514,250 4,954,250
26 Total expenses and disbursements. Add lines 24 and 25 7,158,982 1,308,494   5,233,167
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 16,915,656
b Net investment income (if negative, enter -0-) 7,998,270
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............. 340,235 885,935 885,935
2 Savings and temporary cash investments......... 5,032,506 8,151,130 8,151,130
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)....... 13,440,754 Click to see attachment
List of Attached Documents:
// Content
51,541,651 		51,541,651
c Investments—corporate bonds (attach schedule)....... 36,995,164 Click to see attachment
List of Attached Documents:
// Content
15,275,503 		15,275,503
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).......... 14,318,786 Click to see attachment
List of Attached Documents:
// Content
15,986,608 		15,986,608
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
47,614 		Click to see attachment
List of Attached Documents:
// Content
6,524 		Click to see attachment
List of Attached Documents:
// Content
6,524
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 70,175,059 91,847,351 91,847,351
Liabilities 17 Accounts payable and accrued expenses.......... 19,125 16,928
18 Grants payable................. 1,290,000 1,850,000
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)    
23 Total liabilities (add lines 17 through 22)......... 1,309,125 1,866,928
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........... 68,865,934 89,980,423
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 68,865,934 89,980,423
30 Total liabilities and net assets/fund balances (see instructions). 70,175,059 91,847,351
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
68,865,934
2
Enter amount from Part I, line 27a .....................
2
16,915,656
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,198,833
4
Add lines 1, 2, and 3 ..........................
4
89,980,423
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
89,980,423
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 AVANTAX INVESTMENTS #8352 ST     2024-12-31
b AVANTAX INVESTMENTS #8352 LT     2024-12-31
c AVANTAX INVESTMENTS #4757 ST     2024-12-31
d AVANTAX INVESTMENTS #4757 LT     2024-12-31
e AVANTAX INVESTMENTS #0208 ST     2024-12-31
AVANTAX INVESTMENTS #0208 LT     2024-12-31
ALTERNATIVE INVESTMENTS P   2024-12-31
CAPITAL GAINS DIVIDENDS P    
(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 10   10 0
b 13,026,433   6,004,971 7,021,462
c 676,701   719,842 -43,141
d 257,407   208,395 49,012
e 51,242   32,278 18,964
9,309,397   9,983,073 -673,676
147,746     147,746
409,098     409,098
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       0
b       7,021,462
c       -43,141
d       49,012
e       18,964
      -673,676
      147,746
      409,098
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 6,929,465
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) 1 111,176
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........................... 3 111,176
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- ..... 5 111,176
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 51,227
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 61,227
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 2,478
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 52,427
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 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, DE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowCBIZ ADVISORS LLC Telephone no.right arrow (949) 236-5600

Located atright arrow600 ANTON BLVD SUITE 1600COSTA MESACA ZIP+4right arrow92626
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
DAVID SUN PRESIDENT & CHAIRMAN
1.00 		0 0 0
17600 NEWHOPE STREET
FOUNTAIN VALLEY,CA92708
DIANA SUN VICE PRESIDENT
1.00 		0 0 0
17600 NEWHOPE STREET
FOUNTAIN VALLEY,CA92708
DARA MULLARKEY TREASURER
1.00 		14,285 0 0
17600 NEWHOPE STREET
FOUNTAIN VALLEY,CA92708
DIANA KONG SECRETARY
1.00 		0 0 0
17600 NEWHOPE STREET
FOUNTAIN VALLEY,CA92708
MEI HUA WONG DIRECTOR
1.00 		0 0 0
17600 NEWHOPE STREET
FOUNTAIN VALLEY,CA92708
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
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  
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
58,989,959
b
Average of monthly cash balances.......................
1b
10,281,550
c
Fair market value of all other assets (see instructions)................
1c
13,534,795
d
Total (add lines 1a, b, and c).........................
1d
82,806,304
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
82,806,304
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,242,095
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
81,564,209
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,078,210
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
4,078,210
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
111,176
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
111,176
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,967,034
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,967,034
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
3,967,034
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
5,233,167
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
5,233,167
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 3,967,034
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...... 496,779
b From 2020...... 3,799,262
c From 2021...... 849,538
d From 2022...... 773,189
e From 2023...... 2,347,819
f Total of lines 3a through e ........ 8,266,587
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 5,233,167
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..... 3,967,034
e Remaining amount distributed out of corpus 1,266,133
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 9,532,720
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) ... 		496,779
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		9,035,941
10 Analysis of line 9:
a Excess from 2020.... 3,799,262
b Excess from 2021.... 849,538
c Excess from 2022.... 773,189
d Excess from 2023.... 2,347,819
e Excess from 2024.... 1,266,133
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

100 BLACK MEN OF ORANGE COUNTY

100 SPECTRUM CENTER DR
IRVINE,CA92618 		  PC YOUTH MENTORING 25,000

ABOVE & BEYOND TEACHING

PO BOX 10162
SAN RAFAEL,CA94912 		  PC 2023-2026 TEACHER LEADERSHIP ACADEMY 160,000

ARTS AND LEARNING CONSERVATORY

151 KALMUS DRIVE SUITE G2 AND G3
COSTA MESA,CA92626 		  PC ARTS EDUCATION 50,000

ASIAN AMERICAN FUTURES

15333 CULVER DR SUITE 340 3181
IRVINE,CA92604 		  PC COMMUNITY SERVICES 10,000

ASIAN AMERICAN SENIOR CITIZEN SERVICE CTR

850 NORTH BIRCH STREET
BREA,CA92701 		  PC SOCIAL 100,000

BOYS AND GIRLS CLUBS OF CENTRAL COAST

17701 COWAN STREET SUITE 110
IRVINE,CA92614 		  PC HUMAN SERVICES 80,000

BRACKEN'S KITCHEN

13941 NAUTILUS DR
GARDEN GROVE,CA92843 		  PC COMMUNITY SERVICES 100,000

BREAKTHROUGH SAN JUAN CAPISTRANO

31641 LA NOVIA AVE
SAN JUAN CAPISTRANO,CA92675 		  PC EDUCATION 120,000

CADENCE PARK PTSA

750 BENCHMARK
IRVINE,CA92618 		  PC EDUCATION 10,000

CASA OC

765 THE CITY DR S SUITE 300
ORANGE,CA92868 		  PC COMMUNITY SERVICES 100,000

CENTER FOR ASIAN AMERICAN IN ACTION

20 TRUMAN STREET SUITE 102
IRVINE,CA92620 		  PC HUMAN SERVICES 25,000

CHILD CREATIVITY LAB

1901 CARNEGIE AVENUE 1A
SANTA ANA,CA92705 		  PC YOUTH DEVELOPMENT 35,000

CHRYSALIS CENTER

522 S MAIN ST
LOS ANGELES,CA90013 		  PC HUMAN SERVICES 70,000

CIELO

16787 BEACH BLVD 233
HUNTINGTON BEACH,CA92647 		  PC HUMAN SERVICES 58,000

COMMUNITY ACTION PARTNERSHIP OF ORANGE COUNTY

11870 MONARCH ST
GARDEN GROVE,CA92841 		  PC COMMUNITY SERVICES 500,000

COUNCIL ON AGING

9 EXECUTIVE CIRCLE SUITE 175
IRVINE,CA92614 		  PC HEALTHCARE 50,000

CRECE URBAN FARMS

20 CIVIC CENTER PLAZA
SANTA ANA,CA92701 		  PC COMMUNITY SERVICES 75,000

DRAGON KIM FOUNDATION

5151 CALIFORNIA AVENUE SUITE 100
IRVINE,CA92617 		  PC EDUCATION 50,000

DREAMS FOR SCHOOLS

4999 CASA LOMA AVE
YORBA LINDA,CA92886 		  PC STEM EDUCATION 100,000

EDUCATE TO EMPOWER

75 VICARAGE ROAD
WEST BROMWICH   B71 1AW
UK 		  PC EDUCATION 25,000

EMPOWERED

3814 KANSAS AVE NW
WASHINGTON,DC20011 		  PC EDUCATION 60,000

ENVIROMENTAL NATURE CENTER

01 E 16TH ST
NEWPORT BEACH,CA92663 		  PC EDUCATION 5,000

EVERY MOTHER COUNTS

333 HUDSON STREET SUITE 1006
NEW YORK,NY10013 		  PC COMMUNITY SERVICES 10,000

GIRLS INC

1801 E EDINGER AVE SUITE 255A
SANTA ANA,CA92705 		  PC COMMUNITY SERVICES 10,000

HIGH SCHOOL INC ACADEMIES

365 CLINTON SUITE B
COSTA MESA,CA92626 		  PC EDUCATION 70,000

INTERNATIONAL TRADE EDUCATION PROGRAMS INC

5000 E SPRING ST SUITE 300
LONG BEACH,CA90815 		  PC COMMUNITY SERVICES 20,000

IRVENE EVERGREEN CHINESE SENIOR ASSOC

20 LAKE ROAD
IRVINE,CA92604 		  PC SOCIAL 20,000

IRVINE PUBLIC SCHOOLS FOUNDATION

1 VENTURE SUITE 230
IRVINE,CA92618 		  PC COMMUNITY SERVICES 2,000

KIDWORKCOMMUNITYDEVELOPMENT

1902 W CHESTNUT AVENUE
SANTA ANA,CA92703 		  PC EDUCATION 100,000

MADISON PARK NEIGHBORHOOD ASSOCIATION

516 E OCCIDENTAL ST
SANTA ANA,CA92707 		  PC COMMUNITY SERVICES 50,000

NONPROFIT FINANCE FUND

5 HANOVER SQ 9TH FL
NEW YORK,NY10004 		  PC COMMUNITY SERVICES 25,000

OC GRANTMAKERS

404 NEWPORT PL
NEWPORT BEACH,CA92660 		  PC COMMUNITY SERVICES 30,000

OCCACC SCHOLARSHIP FOUNDATION

79 BUNSEN ROAD
IRVINE,CA92618 		  PC EDUCATION 100,000

ORANGE COUNTY COMMUNITIES ORGANIZED FOR RESPONSIBLE DEVELOPMENT (OCCORD)

1505 17TH ST 122
SANTA ANA,CA92705 		  PC CITIZENSHIP PROGRAM 120,000

ORANGE COUNTY COMMUNITY FOUNDATION

4041 MACARTHUR BLVD SUITE 510
NEWPORT BEACH,CA92660 		  PC ANNUAL MEETING / POWERING GOOD CAMPAIGN/ EDUCATION 80,750

ORANGE COUNTY FIRE FOUNDATION

1 FIRE AUTHORITY
IRVINE,CA92602 		  PC COMMUNITY SERVICES 10,000

ORANGEWOOD FOUNDATION

1575 EAST 17TH STREET
SANTA ANA,CA92705 		  PC SCHOLARSHIP PROGRAM 100,000

PACIFIC ISLANDERS HEALTH PARTNERSHIP

12912 BROOKHURST STREET 410
GARDEN GROVE,CA92840 		  PC PUBLIC HEALTH 50,000

PAN AMERICAN CHINESE DANCE ALLIANCE

29 WEST 38TH ST 9TH FL
NEW YORK,NY10018 		  PC COMMUNITY SERVICES 9,000

PARENTIS FOUNDATION

24012 CALLE DE LA PLATA
LAGUNA HILLS,CA92653 		  PC COMMUNITY SERVICES 15,000

PROJECT KINSHIP

2215 N BROADWAY 2
SANTA ANA,CA92706 		  PC COMMUNITY SERVICES 100,000

PROJECT SELF SUFFICIENCY

127 MILL ST
NEWTON,NJ07860 		  PC COMMUNITY SERVICES 5,000

SIMON FOUNDATION FOR EDUCATION

620 NEWPORT COAST DRIVE
NEWPORT BEACH,CA92841 		  PF EDUCATION 1,537,000

SOUTH COUNTY OUTREACH

7 WHATNEY BLVD
IRVINE,CA92618 		  PC COMMUNITY SERVICES 50,000

SOUTHERN CALIFORNIA YOUTH CULTURAL ASSOCIATION

15291 NORMANDIE AVE
IRVINE,CA92604 		  PC COMMUNITY SERVICES 500

THE SHADY CANYON GOLF CHARITABLE FDTN

100 SHADY CANYON DR
IRVINE,CA92603 		  PC COMMUNITY SERVICES 25,000

THE WOODEN FLOOR

1810 NORTH MAIN STREET
SANTA ANA,CA92706 		  PC EDUCATION 100,000

THOMAS HOUSE TEMPORARY SHELTER

12601 MORNINGSIDE AVE 6
GARDEN GROVE,CA92843 		  PC MULTI YEAR GRANT #2 & # OF 3 / HUMAN SERVICES 100,000

TIYYA FOUNDATION INC

505 NORTH TUSTIN AVE SUITE 280
SANTA ANA,CA92705 		  PC COMMUNITY SERVICES 150,000

UC IRVINE FOUNDATION

100 THEORY SUITE 250
IRVINE,CA92617 		  PC EDUCATION 252,000

VFW 3670 YOUTH GROUP

12942 DALE STREET
GARDEN GROVE,CA92841 		  PC YOUTH SERVICES 5,000
Total .................................right arrow 3a 4,954,250
bApproved for future payment

ABOVE & BEYOND TEACHING
PO BOX 10162
SAN RAFAEL,CA94912 		  PC 2023-2026 TEACHER LEADERSHIP ACADEMY 180,000

BREAKTHROUGH SAN JUAN CAPISTRANO
31641 LA NOVIA AVE
SAN JUAN CAPISTRANO,CA92675 		  PC EDUCATION 120,000

COMMUNITY ACTION PARTNERSHIP OF ORANGE COUNTY
11870 MONARCH ST
GARDEN GROVE,CA92841 		  PC COMMUNITY SERVICES 500,000

DREAMS FOR SCHOOLS
4999 CASA LOMA AVE
YORBA LINDA,CA92886 		  PC STEM EDUCATION 100,000

TIYYA FOUNDATION INC
505 NORTH TUSTIN AVE SUITE 280
SANTA ANA,CA92705 		  PC COMMUNITY SERVICES 150,000

UC IRVINE FOUNDATION
100 THEORY SUITE 250
IRVINE,CA92617 		  PC EDUCATION 800,000
Total ................................. right arrow 3b 1,850,000
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 ........... 		         
4 Dividends and interest from securities ....     14 2,377,299  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,729,634  
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 4,106,933 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,106,933
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
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
SUN FAMILY FOUNDATION
 
Employer identification number

33-0868088
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
SUN FAMILY FOUNDATION
  		Employer identification number
33-0868088
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
DAVID SUN
 
17600 NEWHOPE STREET
 
FOUNTAIN VALLEY, CA92078

$ 19,967,705


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

$  


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

$  


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

$  


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

$  


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

$  


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

33-0868088
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
 PORTFOLIO OF PUBLICLY TRADED STOCK $ 19,967,705 2024-02-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
SUN FAMILY FOUNDATION
  		Employer identification number

33-0868088
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:
SUN FAMILY FOUNDATION
EIN:
33-0868088
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 69,130 34,565   34,565

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TY 2024 ExpenditureResponsibilityStmt
Name:
SUN FAMILY FOUNDATION
EIN:
33-0868088
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
SIMON FOUNDATION FOR EDUCATION
  		620 NEWPORT COAST DR
NEWPORT BEACH,CA92660 		2023-10-11 1,755,000 EDUCATION   NO 12/31/2023   TO THE KNOWLEDGE OF THE FOUNDATION AND BASED ON THE REPORTS FURNISHED BYTHE GRANTEE, NO PART OF THE GRANT WAS USED FOR OTHER THAN THE INTENDEDPURPOSE.

TY 2024 InvestmentsCorpBondsSchedule
Name:
SUN FAMILY FOUNDATION
EIN:
33-0868088
Name of Bond End of Year Book Value End of Year Fair Market Value
AVANTAX INVESTMENTS #0208 MUTUAL BONDS 15,275,503 15,275,503

TY 2024 InvestmentsCorpStockSchedule
Name:
SUN FAMILY FOUNDATION
EIN:
33-0868088
Name of Stock End of Year Book Value End of Year Fair Market Value
AVANTAX INVESTMENTS # 4757 EQUITIES 3,985,294 3,985,294
AVANTAX INVESTMENTS #0208 FIXED INCOME 1,091,625 1,091,625
AVANTAX INVESTMENTS #0208 EQUITIES 46,464,732 46,464,732

TY 2024 InvestmentsOtherSchedule2
Name:
SUN FAMILY FOUNDATION
EIN:
33-0868088
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BAIN CAPITAL PARTNERSHIP STRATEGIES FUND, LP FMV 3,816,517 3,816,517
SPRINGLAKE UNCONS OPPS FUND II FMV 4,411,819 4,411,819
INFINITY Q VOLATILITY ALPHA FUND FMV 675,417 675,417
FARADAY CAPITAL OFFSHORE FUND FMV 78,565 78,565
ARTISAN CHINA PORT VENTURE FMV 3,091,806 3,091,806
MILL STREET CREDIT OFFSHORE FUND, LTD. FMV 3,287,396 3,287,396
AVANTAX INVESTMENTS #0208 ETF FMV 625,088 625,088

TY 2024 LegalFeesSchedule
Name:
SUN FAMILY FOUNDATION
EIN:
33-0868088
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 3,680 0   3,680


TY 2024 OtherAssetsSchedule
Name:
SUN FAMILY FOUNDATION
EIN:
33-0868088
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
EXCISE TAX RECEIVABLE 47,614 6,524 6,524


TY 2024 OtherExpensesSchedule
Name:
SUN FAMILY FOUNDATION
EIN:
33-0868088
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES AND MEMBERSHIP FEES 4,039 0   4,039
OFFICE EXPENSES 848 0   848
INSURANCE 1,489 0   1,489
BANK CHARGES 43 43   0
STATE FILING FEES 25 0   25
IT FEES AND SUBSCRIPTIONS 29,809 0   29,809
MARKETING AND PROMOTION 875 0   875
ALTERNATIVE INVESTMENT EXPENSES 530,202 530,202   0


TY 2024 OtherIncreasesSchedule
Name:
SUN FAMILY FOUNDATION
EIN:
33-0868088
Description Amount
UNREALIZED GAIN ON INVESTMENTS 4,092,730
RETURN OF PRIOR YEAR GRANT 106,103


TY 2024 OtherProfessionalFeesSchedule
Name:
SUN FAMILY FOUNDATION
EIN:
33-0868088
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 722,893 722,893   0
PHILANTHROPY ADVISOR 32,638 0   32,638


TY 2024 TaxesSchedule
Name:
SUN FAMILY FOUNDATION
EIN:
33-0868088
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX EXPENSE 57,321 0   0
FOREIGN TAX EXPENSE 2,322 2,322   0