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
Debra and Kenneth Caplan Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

46-5641218
B Telephone number (see instructions)

(800) 839-1754
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$37,865,384J 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) 8,427,080
2 Check right arrow.............
3 Interest on savings and temporary cash investments 8,473 8,473  
4 Dividends and interest from securities... 280,850 280,850  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 609,010
b Gross sales price for all assets on line 6a 2,895,671
7 Capital gain net income (from Part IV, line 2)... 609,010
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........ 9,325,413 898,333  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
77,071 77,071    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
7,708 908    
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
8,082 273   7,809
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 92,861 78,252   7,809
25 Contributions, gifts, grants paid....... 1,061,335 1,061,335
26 Total expenses and disbursements. Add lines 24 and 25 1,154,196 78,252   1,069,144
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 8,171,217
b Net investment income (if negative, enter -0-) 820,081
c Adjusted net income (if negative, enter -0-)... 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......... 121,179 354,029 354,029
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)....... 12,841,855 Click to see attachment
List of Attached Documents:
// Content
20,837,444 		35,551,989
c Investments—corporate bonds (attach schedule)....... 1,761,193 Click to see attachment
List of Attached Documents:
// Content
2,077,462 		1,959,366
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)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 14,724,227 23,268,935 37,865,384
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................   37,950
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 37,950
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 14,724,227 23,230,985
29 Total net assets or fund balances (see instructions)..... 14,724,227 23,230,985
30 Total liabilities and net assets/fund balances (see instructions). 14,724,227 23,268,935
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
14,724,227
2
Enter amount from Part I, line 27a .....................
2
8,171,217
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
335,541
4
Add lines 1, 2, and 3 ..........................
4
23,230,985
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,230,985
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,895,671   2,286,661 609,010
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       609,010
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 609,010
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 11,399
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  
3 Add lines 1 and 2........................... 3 11,399
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 11,399
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 6,956
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,700
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,656
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 10 257
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow257 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 arrowDE
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 arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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
Debra Lynn Caplan Co- Pres, Dir, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Kenneth Alan Caplan Dir, Treas, Co- Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
 
Total number of other employees paid over $50,000...................right arrow  
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
WEIL GROUP Investment Mgmt 77,071
oNE BRYANT PARK 28TH FLOOR
NEW YORK,NY10036
Total number of others receiving over $50,000 for professional services.............right arrow  
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 arrow  
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
28,832,864
b
Average of monthly cash balances.......................
1b
256,070
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
29,088,934
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
29,088,934
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
436,334
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
28,652,600
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,432,630
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
1,432,630
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
11,399
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
11,399
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,421,231
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,421,231
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,421,231
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
1,069,144
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,069,144
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 1,421,231
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 645,453
b Total for prior years:20 , 20, 20  
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 ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,069,144
a Applied to 2023, but not more than line 2a 645,453
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 423,691
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024.    
(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 .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		997,540
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
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.... 0
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).)
Debra Lynn Caplan
Kenneth Alan Caplan
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

18 CORP

650 S ORANGE AVE
LIVINGSTON,NJ07039 		N/A PC General & Unrestricted 20,018

ALI FORNEY CENTER

307 W 38TH ST FL 2
NEW YORK,NY10018 		N/A PC General & Unrestricted 5,000

ALZHEIMERS DISEASE AND RELATED DISORDERS NEW YORK

360 LEXINGTON AVE 3RD FL
NEW YORK,NY10017 		N/A PC Caring To Remember 5,000

ANTI-DEFAMATION LEAGUE

605 3RD AVE
NEW YORK,NY10158 		N/A PC General & Unrestricted 5,000

BRAINUP INC

PO BOX 244
FRANKFORT,IL60423 		N/A PC General & Unrestricted 2,500

BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATI

505 8TH AVENUE 5TH FLOOR
NEW YORK,NY10018 		N/A PC General & Unrestricted 10,000

BREAST CANCER RESEARCH FOUNDATION INC

28 W 44TH ST STE 609
NEW YORK,NY10036 		N/A PC General & Unrestricted 10,000

BROWN UNIVERSITY

BOX 1893
PROVIDENCE,RI02912 		N/A PC General & Unrestricted 100,000

CHABAD OF COLLEGE HILL INC

12 OLIVE ST
PROVIDENCE,RI02906 		N/A PC General & Unrestricted 18,000

CHILD MIND INSTITUTE INC

215 E 50TH ST 5TH FL
NEW YORK,NY10022 		N/A PC Charitable Event 5,000

CITIZENS UNITED FOR RESEARCH IN EPILEPSY

PO BOX 10572
CHICAGO,IL60610 		N/A PC General & Unrestricted 10,000

CITYMEALS-ON-WHEELS

355 LEXINGTON AVE 3RD FL
NEW YORK,NY10017 		N/A PC General & Unrestricted 7,500

COMFORT ZONE CAMP INC

6606 W BROAD ST STE 401
RICHMOND,VA23230 		N/A PC General & Unrestricted 5,000

COREGIVING CO

233 S WACKER DR STE 4700
CHICAGO,IL60606 		N/A PC General & Unrestricted 10,000

CURE BREAST CANCER FOUNDATION INC

1122 CLIFTON AVE
CLIFTON,NJ07013 		N/A PC General & Unrestricted 1,250

EXPERIENCE CAMPS

136 MAIN ST STE 206
WESTPORT,CT06880 		N/A PC General & Unrestricted 500

FAMILY LEGAL CARE INC

55 BROADWAY STE 2002
NEW YORK,NY10006 		N/A PC Charitable Event 25,000

GLOBAL FUND FOR WIDOWS INC

245 W 99TH ST APT 17A
NEW YORK,NY10025 		N/A PC General & Unrestricted 1,000

GOOD GRIEF INC

38 ELM ST
MORRISTOWN,NJ07960 		N/A PC Stronger Together Good Grief Gala 5,000

GREENLIGHT FUND INC

50 MILK ST 16TH FLOOR
BOSTON,MA02109 		N/A PC General & Unrestricted 97,567

HABITAT FOR HUMANITY INTERNATIONAL INC

1900 N FEDERAL HWY
DELRAY BEACH,FL33483 		N/A PC General & Unrestricted 2,000

HILLEL THE FOUNDATION FOR JEWISH CAMPUS LIFE

80 BROWN ST
PROVIDENCE,RI02906 		N/A PC General & Unrestricted 18,000

HUNTSMAN CANCER FOUNDATION

500 S HUNTSMAN WAY
SALT LAKE CTY,UT84108 		N/A SO III FI General & Unrestricted 500

INTERFAITH FOOD PANTRY OF THE ORANGES INC

PO BOX 341
SHORT HILLS,NJ07078 		N/A PC General & Unrestricted 1,500

JEWISH FAMILY SERVICE OF METROWEST NJ A NEW JERSEY

256 COLUMBIA TPKE STE 105
FLORHAM PARK,NJ07932 		N/A PC General & Unrestricted 5,000

JEWISH FEDERATION OF GREATER METROWEST NJ

901 RTE 10
WHIPPANY,NJ07981 		N/A PC General & Unrestricted 41,000

LAWFARE PROJECT INC

633 3RD AVE FL 21
NEW YORK,NY10017 		N/A PC General & Unrestricted 1,000

LETS WIN PANCREATIC CANCER FOUNDATION

422 E 72ND ST APT 9F
NEW YORK,NY10021 		N/A PC General & Unrestricted 5,000

LISA B FISHMAN FOUNDATION INC

11 WEDGEWOOD DR
MONTVILLE,NJ07045 		N/A PC General & Unrestricted 10,000

MEMORIAL SLOAN-KETTERING CANCER CENTER The Societ

PO BOX 27106
NEW YORK,NY10087 		N/A PC General & Unrestricted 1,000

MEMORIES LIVE FOUNDATION

55 UNION PL BOX 164
SUMMIT,NJ07901 		N/A PC General & Unrestricted 500

MENDING KIDS INTERNATIONAL

1101 N PACIFIC AVE STE 200
GLENDALE,CA91202 		N/A PC General & Unrestricted 5,000

METROPOLITAN NEW YORK COORDINATING COUNCIL ON JEWI

1 STATE ST FL 24
NEW YORK,NY10004 		N/A PC General & Unrestricted 5,000

MICHAEL WOLK HEART FOUNDATION INC

876 PARK AVE
NEW YORK,NY10075 		N/A PC General & Unrestricted 5,000

NATIONAL MULTIPLE SCLEROSIS SOCIETY

PO BOX 91891
WASHINGTON,DC20090 		N/A PC General & Unrestricted 2,500

NETWORK FOR GOOD INC

1 THOMAS CIR NW STE 700
WASHINGTON,DC20005 		N/A PC General & Unrestricted 1,000

NEW JERSEY TUTORING CORPS INC

27 LAKE ST
JAMESBURG,NJ08831 		N/A PC General & Unrestricted 25,000

PENCILS OF PROMISE INCORPORATED

1115 BROADWAY STE 1157
NEW YORK,NY10010 		N/A PC General & Unrestricted 15,000

REFLEX SYMPATHETIC DYSTROPHY SYNDROME ASSOCIATION

99 CHERRY ST
MILFORD,CT06460 		N/A PC General & Unrestricted 250

REGENTS OF THE UNIVERSITY OF MICHIGAN

WOLVERINE TOWER 3003 S STATE ST STE
ANN ARBOR,MI48109 		N/A PC General & Unrestricted 51,553

SAN FRANCISCO AIDS FOUNDATION

940 HOWARD ST
SAN FRANCISCO,CA94103 		N/A PC General & Unrestricted 1,000

SHARING NETWORK FOUNDATION INC

691 CENTRAL AVE
NEW PROVIDNCE,NJ07974 		N/A SO II General & Unrestricted 500

TEACHING MATTERS INC

475 RIVERSIDE DR STE 1600
NEW YORK,NY10115 		N/A PC General & Unrestricted 2,500

TEMPLE SHAARAY TEFILA AKA CONGREGATION SHAARAY TEF

250 E 79TH ST
NEW YORK,NY10075 		N/A PC General & Unrestricted 500

THE APOLLO THEATER FOUNDATION INC

253 W 125TH ST
NEW YORK,NY10027 		N/A PC General & Unrestricted 2,500

TOWN OF WESTPORT

110 MYRTLE AVE RM 313
WESTPORT,CT06880 		N/A GOV General & Unrestricted 515

TRUSTEES OF NEWARK ACADEMY

91 S ORANGE AVE
LIVINGSTON,NJ07039 		N/A PC General & Unrestricted 87,074

UNITED JEWISH APPEAL FEDERATION OF JEWISH PHILANTH

PO BOX 4227
NEW YORK,NY10261 		N/A PC General & Unrestricted 101,950

VILLAGE ACADEMIES INC

35 W 124TH ST 5TH FL
NEW YORK,NY10027 		N/A PC General & Unrestricted 25,000

University of Michigan

OFC OF FINANCIAL AID 2500
2500 STUDENT ACTIVITIES
Ann Arbor,MI48109 		N/A PC General & Unrestricted 300,658
Total .................................right arrow 3a 1,061,335
bApproved for future payment
Total ................................. right arrow 3b  
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 8,473  
4 Dividends and interest from securities ....     14 280,850  
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 ............ 		    18 609,010  
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) ..   898,333  
13Total. Add line 12, columns (b), (d), and (e)..................
13
898,333
(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
Debra and Kenneth Caplan Foundation
 
Employer identification number

46-5641218
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
Debra and Kenneth Caplan Foundation
  		Employer identification number
46-5641218
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
Caplan Kenneth Alan
18 Highview Road
 
Short Hills, NJ07078

$ 8,427,080


(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
Debra and Kenneth Caplan Foundation
  		Employer identification number

46-5641218
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
 THE BLACKSTONE GROUP INC CL A BX, 42000 sh. $ 7,927,080 2024-12-16
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(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
Debra and Kenneth Caplan Foundation
  		Employer identification number

46-5641218
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


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TY 2024 DepreciationSchedule
Name:
Debra and Kenneth Caplan Foundation
EIN:
46-5641218
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 GeneralExplanationAttachment
Name:
Debra and Kenneth Caplan Foundation
EIN:
46-5641218
Identifier Return Reference Explanation
PART I LINE 25 AND PART XIV LINE 3A PART I LINE 25 AND PART XIV LINE 3A DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING FMV OF SECURITIES: AVERAGE OF HIGH/LOW ON DATE GRANTED TO CHARITY METHOD OF DETERMINING BOOK VALUE OF SECURITIES: COST OR AVERAGE OF HIGH/LOW ON DATE CONTRIBUTED TO FOUNDATION TOTAL FAIR MARKET VALUE OF PROPERTY: $519,789 TOTAL BOOK VALUE OF PROPERTY: $184,248 TOTAL CASH PORTION OF GRANTS: $- TOTAL AMOUNT OF GRANTS: $519,789 FORM 990-PF, PART III, LINE 3 - OTHER INCREASE: $335,541 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: HILTON WORLDWIDE HOLDINGS, INC UNITS: 252 DATE OF DISTRIBUTION: 2/2/2024 GRANT RECIPIENT: REGENTS OF THE UNIVERSITY OF MICHIGAN FMV OF PROPERTY: $49,143 BOOK VALUE OF PROPERTY: $20,346 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $49,143 DESCRIPTION OF PROPERTY: HILTON WORLDWIDE HOLDINGS, INC UNITS: 485 DATE OF DISTRIBUTION: 6/6/2024 GRANT RECIPIENT: GREENLIGHT FUND INC FMV OF PROPERTY: $97,567 BOOK VALUE OF PROPERTY: $39,159 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $97,567 DESCRIPTION OF PROPERTY: HILTON WORLDWIDE HOLDINGS, INC UNITS: 360 DATE OF DISTRIBUTION: 6/7/2024 GRANT RECIPIENT: TRUSTEES OF NEWARK ACADEMY FMV OF PROPERTY: $72,421 BOOK VALUE OF PROPERTY: $29,066 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $72,421 DESCRIPTION OF PROPERTY: HILTON WORLDWIDE HOLDINGS, INC UNITS: 1185 DATE OF DISTRIBUTION: 12/10/2024 GRANT RECIPIENT: UNIVERSITY OF MICHIGAN FMV OF PROPERTY: $300,658 BOOK VALUE OF PROPERTY: $95,677 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $300,658

TY 2024 InvestmentsCorpBondsSchedule
Name:
Debra and Kenneth Caplan Foundation
EIN:
46-5641218
Name of Bond End of Year Book Value End of Year Fair Market Value
AIR LEASE CORP - 3.625% - 04/0 20,216 21,266
ALPHABET - 0.800% - 08/15/2027 33,797 31,106
AMAZON COM - 4.800% - 12/05/20 45,556 44,886
AMERICAN EXPRESS CO NOTE - 4.9 29,825 29,273
AMERIPRISE FINANCIAL - 2.875% 18,694 19,455
AON CORP - 2.800% - 05/15/2030 34,671 28,510
APPALACHIAN PWR - 2.700% - 04/ 33,080 27,628
ASTRAZENECA - 4.000% - 01/17/2 30,624 28,212
AT&T INC - 4.300% - 02/15/2030 34,523 28,100
AUTOZONE INC - 3.125% - 04/21/ 20,524 21,555
BAT CAPITAL CORP - 7.750% - 10 39,002 37,420
BECTON DICKINSON &CO - 1.957% 40,860 35,822
BP CAP MKTS AMER INC NOTE - 4. 29,743 28,950
CISCO SYSTEMS INC - 5.050% - 0 34,312 33,913
CITIGROUP INC NOTE - 2.561% - 41,859 41,510
COMCAST CORP NOTE - 4.150% - 1 32,553 28,287
CSX CORP - 3.800% - 03/01/2028 30,631 28,183
CVS HEALTH - 3.875% - 07/20/20 33,801 29,808
DEERE JOHN CAPITAL CORP SER H 33,784 28,853
DISNEY WALT CO - 2.000% - 09/0 41,173 39,139
DUKE ENERGY PROGRESSLLC BOND - 26,503 24,636
EATON CORP PLC - 3.103% - 09/1 18,907 19,259
ECOLAB INC NOTE - 4.800% - 03/ 33,646 27,030
ENTERGY CORP - 2.950% - 09/01/ 20,120 21,348
ENTERPRISE PRODS OPER LLC - 2. 32,788 28,032
EQUINIX INC - 1.550% - 03/15/2 40,031 39,631
ERP OPERATING LP BOND - 3.000% 34,307 28,606
EXELON CORP - 3.400% - 04/15/2 33,579 29,504
EXPEDIA GROUP INC SER B NOTE C 40,170 39,638
FEDERATED CAPITAL APPRECIATION 43,609 39,244
FOX CORP - 3.050% - 04/07/2025 49,926 50,755
GENERAL MTRS CO NOTE - 5.600% 32,084 33,301
GOLDMAN SACHS GROUP - 3.500% - 31,547 30,308
HCA INC - 5.600% - 04/01/2034 38,218 37,443
HOME DEPOT INC NOTE - 3.900% - 34,528 28,261
HONDA - 2.967% - 03/10/2023 29,798 28,618
INTERNATIONAL BUSINESS MACHS B 21,459 17,636
KIMBERLY-CLARK CORP - 1.050% - 34,358 31,059
KLA CORP NOTE - 4.700% - 02/01 45,530 45,627
LINCOLN NATL CORP IND - 3.800% 20,065 20,235
LOWES COS INC NOTE CALL MAKE W 21,283 16,677
LYB INTERNATIONAL FIN III LLC 33,251 32,128
MARRIOTT INTL - 2.750% - 10/15 31,788 32,839
NORTHROP GRUMMAN CORP - 3.200% 30,914 30,118
ORACLE CORP NOTE - 6.250% - 11 29,825 31,812
PACCAR FINANCIAL CORP - 5.000% 50,443 50,306
PEPSICO INC NOTE - 3.500% - 07 20,792 19,893
PHILP MORRIS - 5.375% - 02/15/ 31,819 32,070
PRINCIPAL FINANCIAL GROUP - 2. 29,751 24,993
PROGRESSIVE CORP NOTE - 3.000% 30,180 28,115
REALTY INCOME CORP - 3.875% - 19,755 19,951
REPUBLIC SVCS INC - 3.950% - 0 19,856 19,476
RIO TINTO - 5.000% - 03/09/203 31,856 30,975
RTX CORP NOTE - 6.100% - 03/15 36,234 35,811
SHERWIN-WILLIAMS CO - 2.950% - 34,199 28,458
SIMON - 5.500% - 03/08/2033 29,540 29,493
T- MOBILE - 2.700% - 03/15/203 31,303 32,191
TOYOTA MOTOR CREDIT CORP - 2.1 33,273 27,847
UNITED PARCEL SERVICE - 3.400% 27,974 29,432
US BANCORP SER BB NOTE - 4.967 35,184 35,451
VERIZON COMMUNICATIONS INC - 2 40,382 39,640
WASTE MANAGEMENT INC - 1.500% 30,203 25,238
WELLS FARGO CO - 4.100% - 06/0 32,272 29,678
WILLIAMS COS IN - 5.150% - 03/ 44,984 44,727

TY 2024 InvestmentsCorpStockSchedule
Name:
Debra and Kenneth Caplan Foundation
EIN:
46-5641218
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBVIE INC 183,985 173,613
AGNICO EAGLE MINES LTD 60,134 73,752
ALPHABET INC CL A 231,310 358,345
AMAZON COM 186,209 255,589
AMPHENOL CORPORATION 121,011 169,736
APPLE INC 355,260 666,618
BLACKROCK INC 150,405 214,248
BOSTON SCIENTIFIC 120,845 217,405
BROADCOM INC 92,552 244,128
CENCORA INC 82,941 79,087
CONOCOPHILLIPS 48,640 74,080
COSTCO WHOLESALE CORPORATION 136,636 258,388
ELI LILLY & CO 105,634 142,048
ENTERGY CORP 120,034 138,902
EXXON MOBIL CORP 201,443 187,602
FERRARI NV 81,521 114,282
HILTON GRAND VACATIONS INC. 662,156 943,408
HILTON WORLDWIDE HOLDINGS, INC 3,736,176 15,524,860
HOME DEPOT INC 140,738 168,822
HONEYWELL INTL 80,649 85,161
HOWMET AEROSPACE ORD SHS 66,127 119,760
INTERCONTINENTAL EXCHANGE, INC 117,662 113,248
INVITATION HOMES INC. 2,221,817 2,449,286
ISHARES RUSSELL 2000 109,150 143,009
ISHARES TRUST MSCI EAFE INDEX 122,135 138,824
JOHNSON CONTROLS INTERNATIONAL 125,101 129,366
JP MORGAN CHASE 153,103 274,468
KENVUE INC 38,507 41,440
MARTIN MARIETTA MATLS INC 104,542 89,355
MCDONALD'S CORP 115,136 118,565
MICROSOFT CORP 352,068 604,853
NETFLIX INC 82,765 172,025
NVIDIA CORP 187,133 568,181
PALO ALTO NETWORKS INC 80,031 134,650
PARKER HANNIFIN CP 119,632 233,423
PROCTER GAMBLE CO 161,099 165,303
PROGRESSIVE CORP OHIO 81,069 155,747
PROLOGIS 123,601 109,822
ROSS STORES, INC 116,843 134,328
S&P GLOBAL INC COM 173,186 204,192
SCHLUMBERGER LTD 44,695 38,072
SERVICE NOW 100,589 185,521
SPDR S&P 500 ETF TRUST 341,675 685,618
TESLA MOTORS INC 71,793 154,671
THE BLACKSTONE GROUP INC CL A 7,927,079 7,241,640
UNION PACIFIC 75,033 76,621
UNITED RENTALS INC 70,635 102,144
VISA INC 181,574 264,209
WAL-MART STORES INC 149,974 259,214
WELLTOWER INC. 78,877 118,594
WESTERN DIGITAL CORP 124,610 116,338
ZOETIS INC 121,924 119,428

TY 2024 OtherExpensesSchedule
Name:
Debra and Kenneth Caplan Foundation
EIN:
46-5641218
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 7,784     7,784
Bank Charges 273 273    
State or Local Filing Fees 25     25


TY 2024 OtherIncreasesSchedule
Name:
Debra and Kenneth Caplan Foundation
EIN:
46-5641218
Description Amount
GRANTS OF PUBLICLY-TRADED SECURITIES 335,541


TY 2024 OtherProfessionalFeesSchedule
Name:
Debra and Kenneth Caplan Foundation
EIN:
46-5641218
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 77,071 77,071    


TY 2024 TaxesSchedule
Name:
Debra and Kenneth Caplan Foundation
EIN:
46-5641218
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 6,800      
Foreign Tax Paid 908 908