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
PETER ALFOND FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4801 HAMPDEN LANE UNIT 106
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BETHESDA, MD20814
A Employer identification number

22-3267949
B Telephone number (see instructions)

(301) 761-4433
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$86,988,606J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 64,343 64,343  
4 Dividends and interest from securities... 1,558,768 1,828,580  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,318,471
b Gross sales price for all assets on line 6a 19,947,859
7 Capital gain net income (from Part IV, line 2)... 1,304,014
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
24,731 24,840  
12 Total. Add lines 1 through 11........ 2,966,313 3,221,777  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 246,280 0   246,280
15 Pension plans, employee benefits....... 48,290 0   48,290
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
9,146 0   9,146
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
13,335 0   11,135
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
631,397 291,476   339,921
17 Interest...............   1,612    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
26,638 638   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 93,863 0   93,863
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
42,374 36,819   42,374
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,111,323 330,545   791,009
25 Contributions, gifts, grants paid....... 3,047,255 3,047,255
26 Total expenses and disbursements. Add lines 24 and 25 4,158,578 330,545   3,838,264
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,192,265
b Net investment income (if negative, enter -0-) 2,891,232
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............. 970,491 611,224 611,224
2 Savings and temporary cash investments......... 815,685 1,576,839 1,576,839
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).......      
c Investments—corporate bonds (attach schedule)....... 11,201,808 Click to see attachment
List of Attached Documents:
// Content
14,717,627 		14,530,976
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).......... 59,177,192 Click to see attachment
List of Attached Documents:
// Content
53,540,553 		69,532,174
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
200,000 		Click to see attachment
List of Attached Documents:
// Content
737,393 		Click to see attachment
List of Attached Documents:
// Content
737,393
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 72,365,176 71,183,636 86,988,606
Liabilities 17 Accounts payable and accrued expenses..........   10,725
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 10,725
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........... 36,284,539 35,423,244
25 Net assets with donor restrictions............ 36,080,637 35,749,667
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)..... 72,365,176 71,172,911
30 Total liabilities and net assets/fund balances (see instructions). 72,365,176 71,183,636
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
72,365,176
2
Enter amount from Part I, line 27a .....................
2
-1,192,265
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
71,172,911
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
71,172,911
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 SALE OF PUBLICLY TRADED SECURITIES      
b REDCAR FUND I LP P    
c MHS CAPITAL P    
d ALTAS PARTNERS HOLDINGS II LP P    
e PEPPERTREE CAPITAL FUND VIII P    
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 19,915,588   18,629,388 1,286,200
b       -14,315
c       -4
d       23
e       -161
32,271     32,271
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       1,286,200
b       -14,315
c       -4
d       23
e       -161
      32,271
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 1,304,014
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 40,188
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 40,188
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 40,188
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 35,468
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 50,468
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 10,280
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow10,280 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowFL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowHTTPS://PETERALFONDFOUNDATION.ORG/EN/
14
The books are in care ofright arrowINTENTIONAL PHILANTHROPY LLC Telephone no.right arrow (301) 761-4433

Located atright arrow4801 HAMPDEN LANE UNIT 106BETHESDAMD ZIP+4right arrow20814
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
Yes
 
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
Yes
 
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
REBEKAH ALFOND TRUSTEE
5.00 		0 0 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
KYLE ALFOND TRUSTEE
7.00 		0 0 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
DEBORAH ALFOND TRUSTEE
1.00 		0 0 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
JAIRO ESTRADA TRUSTEE (THRU 10/2024)
3.00 		0 0 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
BARBARA CROWLEY TRUSTEE
3.00 		0 0 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
KEVIN MAHANEY TRUSTEE
2.00 		0 0 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
MARIA TAFT TRUSTEE (FROM 10/2024)
3.00 		0 0 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
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
ADAM BURK EXECUTIVE DIRECTOR,
40.00 		136,550 15,234 824
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
KINYTA SMALLS EXECUTIVE DIRECTOR,
27.00 		109,730 13,208 708
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
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
INTENTIONAL PHILANTHROPHY LLC FOUNDATION MANAGEMENT 270,165
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
JP MORGAN CHASE BANK INVESTMENT MGMT FEES 212,274
270 PARK AVE
NEW YORK,NY10017
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 MAINE PEER LEARNING COHORT (MEPLC) THE PETER ALFOND FOUNDATION LEADS THE CONVENING OF NONPROFIT LEADERS IN THE YOUTH DEVELOPMENT FIELD IN MAINE TO SHARE LEARNINGS WITH EACH OTHER AND TO EXPLORE COMMON CHALLENGES AND QUESTIONS TOGETHER. 66,921
2 PUERTO RICO EDUCATION LANDSCAPE (PREL) THE PETER ALFOND FOUNDATION LEADS THE CONVENING OF EXPERTS AND CROSS-SECTOR LEADERS IN PUERTO RICO TO EDUCATE AND IDENTIFY OPPORTUNITIES IN K-12 EDUCATION AND OUT OF SCHOOL TIME. 17,845
3 PUERTO RICO COMPOST (PRC) THE PETER ALFOND FOUNDATION LEADS THE CONVENING OF EXPERTS AND CROSS-SECTOR LEADERS IN PUERTO RICO TO EDUCATE AND IDENTIFY OPPORTUNITIES TO PRODUCE HIGH QUALITY COMPOST ON ISLAND THAT CAN PROVIDE AGRICULTURAL INPUTS IN PLACE OF IMPORTING THEM. 75,607
4 MAINE RECOVERY COUNCIL (MRC) THE PETER ALFOND FOUNDATION WORKS WITH THE MAINE RECOVERY COUNCIL IN SERVICE OF YOUTH DEVELOPMENT AS YOUTH PREVENTION WORK. ACTIVITIES INCLUDE EDUCATION, PRESENTATIONS, CONTRACTING, GRANT ADMINISTRATION, AND REPORTING. 21,953
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 PLATFORM FOR SOCIAL JUSTICE:TO PROVIDE WORKING CAPITAL SUPPORT TO PLATFORM FOR SOCIAL IMPACT, A PUERTO RICO NONPROFIT CORPORATION, TO CARRY OUT ITS CONTRACT WITH THE GOVERNMENT OF PUERTO RICO TO DEVELOP A JOBS AND WORKFORCE AGENDA FOR THE ISLAND. THE FINANCING ENABLES THE ORGANIZATION TO PERFORM AND SCALE THIS INITIATIVE, WHICH PROMOTES EQUITABLE ECONOMIC DEVELOPMENT AND WORKFORCE OPPORTUNITIES ACROSS PUERTO RICO. 505,558
2 PLENITUD:TO PROVIDE WORKING CAPITAL SUPPORT FOR PLENITUD PR, A PUERTO RICO NONPROFIT CORPORATION, TO SUSTAIN THE OWNERSHIP AND OPERATION OF ITS LAS MARIAS, PUERTO RICO PROPERTY. THE INVESTMENT ENABLES PLENITUD PR TO CONTINUE ITS CHARITABLE ACTIVITIES IN SUSTAINABLE COMMUNITY DEVELOPMENT, EDUCATION, AND ENVIRONMENTAL STEWARDSHIP ON THE PROPERTY. 100,000
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow605,558
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
83,110,610
b
Average of monthly cash balances.......................
1b
1,821,741
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
84,932,351
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
84,932,351
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,273,985
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
83,658,366
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,182,918
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
4,182,918
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
40,188
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
40,188
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,142,730
4
Recoveries of amounts treated as qualifying distributions................
4
3,165
5
Add lines 3 and 4............................
5
4,145,895
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
4,145,895
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
3,838,264
b
Program-related investments—total from Part VIII-B..................
1b
605,558
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
4,443,822
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 4,145,895
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...... 1,426,745
b From 2020...... 59,569,893
c From 2021......  
d From 2022...... 647,710
e From 2023...... 836,710
f Total of lines 3a through e ........ 62,481,058
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 4,443,822
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..... 4,145,895
e Remaining amount distributed out of corpus 297,927
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 62,778,985
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) ... 		1,426,745
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		61,352,240
10 Analysis of line 9:
a Excess from 2020.... 59,569,893
b Excess from 2021....  
c Excess from 2022.... 647,710
d Excess from 2023.... 836,710
e Excess from 2024.... 297,927
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

AL SOL DE HOY

38 SECTOR FARALLN
BARRANQUITAS,PR00794 		N/A PC PRE-HURRICANE COMMUNITY GATHERINGS 15,000

APEX YOUTH CONNECTION

PO BOX 783
BIDDEFORD,ME04005 		N/A PC GENERAL OPERATING SUPPORT 30,000

APOYO LEGAL AL EMPRENDIMIENTO COMUNITARIO INC

PO BOX 2000
CAGUAS,PR00726 		N/A PC OPERATIONAL, TECHNICAL, AND LEGAL SUPPORT FOR FARMERS 50,000

AUGUSTA BOYS & GIRLS CLUB

244 WATER STREET
AUGUSTA,ME04330 		N/A PC AUGUSTA TEEN CENTER 30,000

BANGOR HOUSING DEVELOPMENT CORPORATION

161 DAVIS RD
BANGOR,ME04401 		N/A PC FAMILIES FORWARD PROGRAM 50,000

CARAS

PO BOX 443
CATANO,PR00963 		N/A PC GENERAL OPERATING SUPPORT 130,000

CARAS

PO BOX 443
CATANO,PR00963 		N/A PC WELLNESS PROGRAM 200,000

COMPOSTAPR

1888 CALLE 47 FAIRVIEW
SAN JUAN,PR00926 		N/A NC ESTABLISHMENT OF BIO-FERTILIZER PRODUCTION FACILITY (PAYMENT 1 OF 2) 30,000

CONPRMETIDOS CORP

1250 AVE PONCE DE LEON STE 301 PMB
0327
SAN JUAN,PR00907 		N/A PC CONSTRUCTION WORKFORCE TRAINING 2,500

CORPORACION JUVENIL PARA EL DESAROLLO DE COMUNIDADES SOSTENIBLES

20 AVE LUIS MUNOZ MARIN PMB 179
CAGUAS,PR00725 		N/A PC MACHINERY AND EQUIPMENT LENDING PROGRAM 170,000

CORPORACION JUVENIL PARA EL DESAROLLO DE COMUNIDADES SOSTENIBLES

20 AVE LUIS MUNOZ MARIN PMB 179
CAGUAS,PR00725 		N/A PC AGRICULTURE MAPPING TOOL 79,429

CORPORACION JUVENIL PARA EL DESAROLLO DE COMUNIDADES SOSTENIBLES

20 AVE LUIS MUNOZ MARIN PMB 179
CAGUAS,PR00725 		N/A PC PROACTIVE DISASTER RELIEF GRANT 5,000

CULTIVATING COMMUNITY

PO BOX 3792
PORTLAND,ME04104 		N/A PC GENERAL OPERATING SUPPORT 30,000

DOMINICA COFFEE REVITALIZATION INITIATIVE

1735 MILAN ST
NEW ORLEANS,LA70115 		N/A PC FREE UP FARM 5,000

FIDEICOMISO DE CONSERVACION DE PUERTO RICO

155 CALLE TETUAN
SAN JUAN,PR00901 		N/A SOUNK PUERTO RICO CLIMATE CORPS 50,000

FORK FOOD LAB

95 DARLING AVE
SOUTH PORTALND,ME04106 		N/A PC SITE VISIT GRANT 1,000

FRIENDS OF KATHADIN WOODS AND WATERS

PO BOX 18177
PORTLAND,ME04112 		N/A PC KATAHDIN LEARNING PROJECT 30,000

FUNDACION CORTES

210 CALLE SAN FRANCISCO
SAN JUAN,PR00901 		N/A PC EDUCA CORTES 25,000

HAND IN HAND MANO EN MANO

PO BOX 573
MILBRIDGE,ME04658 		N/A PC RAYITOS DE SOL BILINGUAL CHILDCARE 50,000

HEALTHY COMMUNITY COALITION

105 MT BLUE CIRCLE SUITE 1
FARMINGTON,ME04938 		N/A PC YOUTH THRIVING IN PLACE PROJECT 20,000

HEARTY ROOTS

PO BOX 302
BRISTOL,ME04539 		N/A PC GENERAL OPERATING SUPPORT 150,000

HISPANIC FEDERATION INC

55 EXCHANGE PLACE 5TH FLO STE 501
NEW YORK,NY10005 		N/A PC PUERTO RICO AGROIMPULSO INITIATIVE 75,000

HISPANIC FEDERATION INC

55 EXCHANGE PLACE 5TH FLO STE 501
NEW YORK,NY10005 		N/A PC PROACTIVE DISASTER RELIEF GRANT 5,000

JANE STERN DORADO COMMUNITY LIBRARY

PO BOX 609
DORADO,PR00646 		N/A PC GENERAL OPERATING SUPPORT 25,000

JANE STERN DORADO COMMUNITY LIBRARY

PO BOX 609
DORADO,PR00646 		N/A PC COLLEGE PREP & WORKFORCE TRAINING PROGRAMS 2,500

KNOX COUNTY HOMELESS COALITION

PO BOX 1696
ROCKLAND,ME04841 		N/A PC THE LANDING PLACE 30,000

LEAD COLLABORATIVE

800 AVE ROBERTO H TODD
SAN JUAN,PR00907 		N/A PC GENERAL OPERATING SUPPORT (PAYMENT 3 OF 3) 116,610

MAINE INITIATIVES

56 NORTH ST SUITE 100
PORTLAND,ME04101 		N/A PC GENERAL OPERATING SUPPORT 30,000

MAINE INSIDE OUT

PO BOX 1062
LEWISTON,ME04243 		N/A PC GENERAL OPERATING SUPPORT 30,000

MAINEHEALTH INTEGRATIVE AND LIFESTYLE MEDICINE

22 BRAMHALL STREET
PORTLAND,ME04102 		N/A PC INTEGRATIVE & LIFESTYLE MEDICINE GRANT 5,000

MIDCOAST COMMUNITY ALLIANCE DBA MIDCOAST YOUTH CENTER

4 OLD BRUNSWICK RD
BATH,ME04530 		N/A PC GENERAL OPERATING SUPPORT 75,000

MUJERES DE ISLAS

PO BOX 358
CULEBRA,PR00775 		N/A PC EMPOWERING CULEBRA FISHING INDUSTRY 30,216

NIWESKOK

108 KNIGHTS POND ROAD
NORTHPORT,ME04849 		N/A PC GENERAL OPERATING SUPPORT 30,000

NOPI INC (RIVERS AND ROADS)

19 CORN SHOP
FRYEBURG,ME04037 		N/A PC RIVERS AND ROADS GENERAL OPERATING SUPPORT 30,000

NOPI INC (RIVERS AND ROADS)

19 CORN SHOP
FRYEBURG,ME04037 		N/A PC RIVERS & ROADS AMERICORPS 15,000

NUESTRA ESCUELA

352 CALLE SAN CLAUDIO STE 1 PMB 133
SAN JUAN,PR00926 		N/A PC APRENDO HACIENDO - VOCATIONAL SCHOOL 50,000

OLYMPIA SNOWE WOMENS LEADERSHIP INSTITUTE

ONE CANAL PLAZA SUITE 501
PORTLAND,ME04101 		N/A PC GENERAL OPERATING SUPPORT 30,000

OUR PLACE PORTLAND INC

8 THURSTON LANE
SCARBOROUGH,ME04074 		N/A PC GENERAL OPERATING SUPPORT 30,000

OUT MAINE

PO BOX 1723
ROCKLAND,ME04841 		N/A PC GENERAL OPERATING SUPPORT AND FIELD BUILDING (PAYMENT 2 OF 3) 100,000

PARA LA NATURALEZA

155 CALLE TETUAN
SAN JUAN,PR00901 		N/A POF TREE MANAGEMENT AND AGRICULTURAL RESILIENCE 10,000

PLENITUD INICIATIVAS ECO-EDUCATIVAS INC

PO BOX 394
LAS MARIAS,PR00670 		N/A PC GENERAL OPERATING SUPPORT 175,000

PLENITUD INICIATIVAS ECO-EDUCATIVAS INC

PO BOX 394
LAS MARIAS,PR00670 		N/A PC PROACTIVE DISASTER RELIEF GRANT 5,000

PLENITUD INICIATIVAS ECO-EDUCATIVAS INC

PO BOX 394
LAS MARIAS,PR00670 		N/A PC PLENITUD VT MATCHING GRANT 37,500

PORTLAND COMMUNITY SQUASH

66 NOYES ST
PORTLAND,ME04103 		N/A PC PETER ALFOND COMMUNITY COMMONS (PAYMENT 2 OF 2) 100,000

PREBLE STREET

55 PORTLAND STREET
PORTLAND,ME04101 		N/A PC SITE VISIT GRANT 1,000

PRODUCE LLC

HC44 BOX 13470
CAYEY,PR00736 		N/A NC PRODUCE RESEARCH ANALYSIS AND DATA VISUALIZATION & DASHBOARD (PAYMENT 3 OF 3) 61,500

PRODUCTORES DE CAF DE PUERTO RICO INC

PO BOX 945
ADJUNTAS,PR00601 		N/A PC HURRICANE ERNESTO AID: CLEAN 15-17 FARMS 20,000

PRODUCTORES DE CAFE DE PUERTO RICO INC

PO BOX 945
ADJUNTAS,PR00601 		N/A PC STRENGHTENING OF SUSTAINABLE FARMING PRACTICES 100,000

RURAL ASPIRATIONS PROJECT

197 NICKERSON RD
SWANVILLE,ME04915 		N/A PC GENERAL OPERATING SUPPORT 10,000

RURAL YOUTH INSTITUTE

PO BOX 31
YARMOUTH,ME04096 		N/A PC GENERAL OPERATING SUPPORT AND FIELDBUILDING (PAYMENT 2 OF 3) 100,000

STATE STREET BALLET

2285 LAS POSITAS ROAD
SANTA BARBARA,CA93105 		N/A PC IN HONOR OF DR. NICOLE A. CALLAHAN 25,000

SUNRISE COUNTY ECONOMIC COUNCIL

7 AMES WAY
MACHIAS,ME04654 		N/A PC FAMILY FUTURES DOWNEAST GENERAL OPERATING SUPPORT 50,000

TECHNOSERVE

1777 N KENT ST STE 1100
ARLINGTON,VA22209 		N/A PC TECHNICAL ASSISTANCE TO FARMERS, YOUTH PROGRAMMING 50,000

THE STEVE DEANGELIS COMMUNITY FUND

34 STURTEVANT HILL ROAD
READFIELD,ME04355 		N/A PC GENERAL OPERATING SUPPORT 10,000

THE TELLING ROOM

225 COMMERCIAL ST STE 201
PORTLAND,ME04101 		N/A PC GENERAL OPERATING SUPPORT 10,000

TREE STREET YOUTH

144 HOWE ST
LEWISTON,ME04240 		N/A PC GENERAL OPERATING SUPPORT AND FIELD BUILDING (PAYMENT 2 OF 3) 100,000

TREE STREET YOUTH

144 HOWE ST
LEWISTON,ME04240 		N/A PC GENERAL OPERATING SUPPORT- SAMARA STRATEGIES 100,000

TREE STREET YOUTH

144 HOWE ST
LEWISTON,ME04240 		N/A PC SAMARA STRATEGIES INNOVATION FUND 30,000

TREKKERS

325 OLD COUNTY RD
ROCKLAND,ME04841 		N/A PC GENERAL OPERATING SUPPORT 55,000

VIEQUES CONSERVATION & HISTORICAL TRUST

138 CALLE FLAMBOYAN
VIEQUES,PR00765 		N/A PC MANTA EDUCATION PROGRAM 40,000

WABANAKI PUBLIC HEALTH & WELLNESS

PO BOX 1356
BANGOR,ME04402 		N/A PC FOSTERING CONNECTION FOR WABANAKI YOUTH 50,000

WABANAKI YOUTH IN SCIENCE

PO BOX 215
INDIAN ISLAND,ME04468 		N/A PC GENERAL OPERATING SUPPORT 30,000

WESTMINSTER UNIVERSITY

1840 SOUTH 1300 EAST
SALT LAKE CITY,UT84105 		N/A PC PLENITUD NARANJAL 5,000

YELLOW TULIP PROJECT

533 CONGRESS ST
PORTLAND,ME04101 		N/A PC GENERAL OPERATING SUPPORT 10,000
Total .................................right arrow 3a 3,047,255
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
aPRI INTEREST         24,731
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 64,343  
4 Dividends and interest from securities .... 901101 2,099 14 1,556,669  
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 .....     14    
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 20 18 1,318,451  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aORDINARY UBI LOSS THROUGH K-1S 		901101 -72,504 14 72,504  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -70,385 3,011,967 24,731
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,966,313
(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.)
1A THE FOUNDATION EARNED INTEREST INCOME FROM PROGRAM-RELATED INVESTMENT LOANS TO TWO PUERTO RICO NONPROFIT ORGANIZATIONS. THESE PRIS WERE MADE TO FURTHER THE FOUNDATION'S CHARITABLE PURPOSES.
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION SERVICES 13,335 0   11,135

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 ExpenditureResponsibilityStmt
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
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
AGROEMPRESARIAS DE PUERTO RICO
  		PO BOX 1924
LARES   00669
RQ 		2021-08-27 50,000 AIDING FEMALE FARMERS 35,878 N/A 3/18/2025; 10/24/24    
BEAN COUNTERS LLC
  		30 CALLE SURF
RINCON   00677
RQ 		2023-04-10 125,000 SUSTAINABLE FARMING SUPPORT AND HEIRLOOM COFFEE PROPAGATION 88,000 N/A 9/16/2025; 7/30/2024    
COMPOSTAPR LLC
  		1888 CALLE 47 FAIRVIEW
SAN JUAN   00926
RQ 		2024-03-21 30,000 ESTABLISHMENT OF BIO-FERTILIZER PRODUCTION FACILITY (PAYMENT 1 OF 2) 24,142 N/A 2/12/2025    
PARA LA NATURALEZA
  		155 CALLE TETUAN
SAN JUAN   00901
RQ 		2022-07-21 76,000 COMPOSTING PROJECT - REALLOCATED TO FOOD DOCUSERIES IN JULY 2023 69,269 N/A 4/2/2025; 10/24/24    
PARA LA NATURALEZA
  		155 CALLE TETUAN
SAN JUAN   00901
RQ 		2024-11-22 10,000 TREE MANAGEMENT AND AGRICULTURAL RESILIENCE 10,000 N/A 3/31/2025    
PRODUCE LLC
  		HC 44 BOX 13470
CAYEY   00736
RQ 		2024-01-08 61,500 PRODUCE RESEARCH ANALYSIS AND DATA VISUALIZATION & DASHBOARD (PAYMENT 3 OF 3) 61,500 N/A 7/30/2024    

TY 2024 InvestmentsCorpBondsSchedule
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 102,000.00 UNITS 102,000 100,781
ABBOTT LABORATORIES 99,000.00 UNITS 99,000 97,817
ADOBE INC 76,000.00 UNITS 70,877 72,539
ADOBE INC 80,000.00 UNITS 74,607 76,357
ALPHABET INC 82,000.00 UNITS 66,779 68,186
ALPHABET INC 87000 UNITS 70,852 72,344
AMAZON.COM INC 71000 UNITS 64,728 65,719
AMAZON.COM INC 75,000.00 UNITS 76,136 74,558
AMAZON.COM INC 87,000.00 UNITS 75,337 74,306
AMAZON.COM INC 87000 UNITS 75,336 74,306
AMERN EXPRESS CO 115,000.00 UNITS 108,356 109,152
AMERN EXPRESS CO 64000 UNITS 71,572 69,860
AMERN EXPRESS CO 95000 UNITS 92,587 93,344
ANHEUSER-BUSCH CO/INBEV 55,000.00 UNITS 53,866 54,488
ANHEUSER-BUSCH CO/INBEV 76,000.00 UNITS 74,434 75,293
AON CORP 72,000.00 UNITS 63,336 64,155
APPLE INC 110000 UNITS 105,658 105,803
ASTRAZENECA FIN LLC 65,000.00 UNITS 66,875 64,240
ASTRAZENECA FIN LLC 68000 UNITS 69,961 67,205
ASTRAZENECA PLC 88000 UNITS 82,050 85,238
BK OF AMER CORP 129000 UNITS 122,922 126,399
BK OF AMER CORP 54,000.00 UNITS 51,456 52,911
BK OF AMER CORP 61,000.00 UNITS 50,846 52,585
BK OF AMER CORP 93,000.00 UNITS 80,025 84,404
BK OF NY MELLON CORP 50,000.00 UNITS 48,999 48,775
BK OF NY MELLON CORP 88000 UNITS 74,541 74,699
BLACKROCK HIGH YIELD-K 105262.25 UNITS 761,046 747,362
BLACKROCK INC 123,000.00 UNITS 102,851 103,643
BLACKROCK INC 130000 UNITS 108,697 109,542
BP CAP MARKETS AMER 59,000.00 UNITS 50,522 50,486
BROWN-FORMAN CORP 105000 UNITS 106,201 102,405
CISCO SYS INC 60,000.00 UNITS 59,384 59,783
COCA-COLA CO/THE 56,000.00 UNITS 50,252 52,282
COCA-COLA CO/THE 59,000.00 UNITS 51,879 50,197
COCA-COLA CO/THE 81000 UNITS 69,630 68,915
COLGATE-PALMOLIVE CO 42,000.00 UNITS 43,079 42,283
COLGATE-PALMOLIVE CO 99000 UNITS 101,544 99,667
COMCAST CORP 47,000.00 UNITS 49,858 48,162
COMCAST CORP 64,000.00 UNITS 60,856 63,020
COMCAST CORP 68000 UNITS 65,553 66,058
COSTCO WHSL CORP 87000 UNITS 74,759 74,459
COSTCO WHSL CORP 88,000.00 UNITS 75,618 75,315
CSX CORP 55,000.00 UNITS 55,379 55,090
DH EUROPE FIN II 82,000.00 UNITS 73,565 74,163
DODGE & COX INCOME-I 147443.13 UNITS 1,882,369 1,825,346
DUKE ENERGY PROGRESS LLC 49,000.00 UNITS 49,970 49,102
DUKE ENERGY PROGRESS LLC 57000 UNITS 58,128 57,119
ECOLAB INC 79,000.00 UNITS 65,579 65,669
ECOLAB INC 84000 UNITS 69,730 69,825
ELECTR ARTS INC 122000 UNITS 100,607 101,311
ELECTR ARTS INC 98,000.00 UNITS 81,210 81,381
ELEVANCE HEALTH INC 53,000.00 UNITS 50,104 49,006
ELEVANCE HEALTH INC 72000 UNITS 70,268 70,362
ENTERPRISE PRODUCTS OPER 57000 UNITS 58,345 57,452
ENTERPRISE PRODUCTS OPER 58,000.00 UNITS 50,496 52,433
EXXON MOBIL CORP 151000 UNITS 137,791 137,804
EXXON MOBIL CORP 25,000.00 UNITS 22,813 22,815
GILEAD SCIENCES INC 62,000.00 UNITS 50,417 51,853
GOLDMAN SACHS GROUP INC 53,000.00 UNITS 51,385 52,010
GOLDMAN SACHS GROUP INC 55000 UNITS 51,362 51,578
GOLDMAN SACHS GROUP INC 71,000.00 UNITS 63,643 68,162
GOLDMAN SACHS GROUP INC 80,000.00 UNITS 67,911 68,950
HONEYWELL INTL 105,000.00 UNITS 100,890 100,186
HONEYWELL INTL 68000 UNITS 70,833 67,634
ISHARES 7-10 YEAR TREASURY B 19282 UNITS 1,860,100 1,782,621
JOHN DEERE CAP CORP 73,000.00 UNITS 73,722 73,499
KIMBERLY-CLARK CORP 59,000.00 UNITS 60,018 57,399
KIMBERLY-CLARK CORP 69000 UNITS 70,190 67,127
KLA CORP 72000 UNITS 70,508 70,241
LOCKHEED MARTIN CORP 60,000.00 UNITS 63,098 60,635
LOCKHEED MARTIN CORP 63000 UNITS 64,474 63,969
LOCKHEED MARTIN CORP 63000 UNITS 66,340 63,667
LOCKHEED MARTIN CORP 72,000.00 UNITS 73,684 73,107
MARSH & MCLENNAN COS INC 100000 UNITS 105,017 104,335
MARSH & MCLENNAN COS INC 52,000.00 UNITS 50,662 51,510
MASTERCARD INC 144,000.00 UNITS 117,519 119,627
MASTERCARD INC 151000 UNITS 123,257 125,442
META PLATFORMS INC 55,000.00 UNITS 55,469 55,077
MID-AMERICA APARTMENTS 105000 UNITS 100,535 101,133
MID-AMERICA APARTMENTS 111,000.00 UNITS 106,121 106,912
MORGAN STANLEY 52000 UNITS 49,077 50,147
MORGAN STANLEY 64,000.00 UNITS 50,195 53,626
MORGAN STANLEY 67000 UNITS 51,863 55,477
MORGAN STANLEY 80,000.00 UNITS 75,502 77,149
NIKE INC 78,000.00 UNITS 74,044 75,191
NIKE INC 78,000.00 UNITS 74,044 75,191
PEPSICO INC 68,000.00 UNITS 66,509 66,138
PEPSICO INC 72000 UNITS 70,421 70,028
PEPSICO INC 80000 UNITS 67,298 66,529
PEPSICO INC 89,000.00 UNITS 74,869 74,013
PHILIP MORRIS INTL INC 64,000.00 UNITS 64,369 64,154
PIMCO TOTAL RETURN FUND-INST 148215.68 UNITS 1,302,779 1,256,869
PNC FINL SERVICES 55,000.00 UNITS 61,461 60,036
PROCTER & GAMBLE CO/THE 59,000.00 UNITS 51,290 50,701
PROLOGIS LP 111,000.00 UNITS 105,530 107,432
PROLOGIS LP 134000 UNITS 108,682 111,046
PUB SVC CO 103,000.00 UNITS 100,227 99,399
PUB SVC CO 97000 UNITS 94,389 93,609
PUB SVC ELEC 51,000.00 UNITS 50,953 49,351
PUB SVC ELEC 60,000.00 UNITS 60,016 59,759
PUB SVC ELEC 76000 UNITS 75,966 73,543
S&P GLOBAL INC 73,000.00 UNITS 66,469 67,201
S&P GLOBAL INC 78000 UNITS 71,021 71,804
SHELL INTL FIN 50,000.00 UNITS 49,666 48,571
SHELL INTL FIN 59000 UNITS 58,606 57,314
ST STR CORP 51,000.00 UNITS 45,587 48,293
ST STR CORP 84000 UNITS 73,979 75,207
TARGET CORP 80,000.00 UNITS 78,018 79,407
THERMO FISHER SCIENTIFIC 45000 UNITS 45,959 45,339
TOYOTA MTR CR CORP 90000 UNITS 89,117 87,439
UN PAC CORP 53,000.00 UNITS 51,558 50,860
UN PAC CORP 60000 UNITS 58,368 57,577
UNITEDHEALTH GROUP INC 59000 UNITS 58,889 57,825
UNITEDHEALTH GROUP INC 84000 UNITS 71,843 71,426
UTD PARCEL SVC 101000 UNITS 101,838 99,952
UTD PARCEL SVC 102,000.00 UNITS 102,846 100,942
VA ELEC & PWR CO 76000 UNITS 74,657 74,429
VERIZON COMMUNICATIONS 110,000.00 UNITS 102,578 105,832
WALMART INC 139000 UNITS 137,746 136,040
WALMART INC 144,000.00 UNITS 142,701 140,934
WASTE MGMT INC 101000 UNITS 81,901 82,208
WASTE MGMT INC 94,000.00 UNITS 76,292 76,511
WELLS FARGO & CO 54,000.00 UNITS 50,570 52,751
WELLS FARGO & CO 65,000.00 UNITS 65,336 64,277
WELLS FARGO & CO 67000 UNITS 64,224 64,854

TY 2024 InvestmentsOtherSchedule2
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ALTAS PARTNERS HOLDINGS II LP AT COST 878,563 1,321,856
ANGELO GORDON CS HOLDINGS FUND, LP AT COST 16,335 862,953
ARTISAN INTL VAL-INST (APHK) 10,639.735 SHARES AT COST 478,567 500,387
ARTISAN INTL VAL-INST 11326.77 UNITS AT COST 509,345 532,698
BLACKROCK HIGH YIELD-K (BRHY) 98,452.73 SHARES AT COST 711,813 699,015
COHEN & STEERS RL EST-F (CREF) 10,014.00 SHARES AT COST 134,214 172,943
COHEN & STEERS RL EST-F 11650.21 UNITS AT COST 154,861 201,200
CONOCOPHILLIPS CO 78,000.00 SHARES AT COST 74,889 77,660
CONOCOPHILLIPS CO 78,000.00 UNITS AT COST 74,957 77,660
CONSUMER DISCRETIONARY SELT (XLY) 404.000 SHARES AT COST 87,032 90,637
CONSUMER DISCRETIONARY SELT 437 UNITS AT COST 94,141 98,041
CSX CORP 55,000.00 SHARES AT COST 52,789 54,489
DODGE & COX INCOME-I (DODI) 135,585.84 SHARES AT COST 1,716,666 1,678,553
FIDELITY 500 INDEX FUND (FXAI) 40,335.929 SHARES AT COST 5,076,484 8,236,193
FIDELITY 500 INDEX FUND 44273.697 UNITS AT COST 5,452,349 9,040,246
FIDELITY INTL INDX-INST PRM (FSPS) 19,368.218 SHARES AT COST 731,723 920,765
FIDELITY INTL INDX-INST PRM 20984.781 UNITS AT COST 786,151 997,616
FINANCIAL SELECT SECTOR SPDR (XLF) 7,012.000 SHARES AT COST 298,474 338,890
FINANCIAL SELECT SECTOR SPDR 7579 UNITS AT COST 323,444 366,293
GROSVENOR ALTERNATIVE INVESTMENT 3,065.450 SHARES AT COST 3,427,859 4,633,340
GROSVENOR ALTERNATIVE INVESTMENT 3547.23 UNITS AT COST 3,902,128 5,361,536
GROSVENOR ALTERNATIVE INVESTMENT 415000 UNITS AT COST 415,000 415,000
GROSVENOR ALTERNATIVE INVESTMENT 703,000.000 SHARES AT COST 703,000 703,000
HEALTH CARE SELECT SECTOR (XLV) 1,204.000 SHARES AT COST 122,654 165,634
HEALTH CARE SELECT SECTOR 1302 UNITS AT COST 133,402 179,116
INDUSTRIAL SELECT SECT SPDR (XLI) 622.000 SHARES AT COST 86,418 81,955
INDUSTRIAL SELECT SECT SPDR 672 UNITS AT COST 93,365 88,543
INVESCO QQQ TRUST SERIES 1 (QQQ) 2,571.000 SHARES AT COST 712,771 1,314,372
INVESCO QQQ TRUST SERIES 1 2735 UNITS AT COST 753,452 1,398,214
INVESCO S&P 500 EQUAL WEIGHT (RSP) 2,029.000 SHARES AT COST 296,404 355,542
INVESCO S&P 500 EQUAL WEIGHT 2158 UNITS AT COST 315,249 378,146
INVICTUS OPPORTUNITY FUND II LP AT COST 859,530 1,531,261
ISHARES 7-10 YEAR TREASURY B (IEF) 17,835.00 SHARES AT COST 1,715,204 1,648,846
ISHARES CORE MSCI EMERGING (IEMG) 30,756.000 SHARES AT COST 1,590,527 1,606,078
ISHARES CORE MSCI EMERGING 33241 UNITS AT COST 1,657,059 1,735,845
ISHARES CORE S&P MIDCAP ETF (IJH) 8,028.000 SHARES AT COST 419,700 500,225
ISHARES CORE S&P MIDCAP ETF 8153 UNITS AT COST 426,235 508,013
ISHARES GOLD TRUST (IAU) 10,985.000 SHARES AT COST 390,210 543,867
ISHARES GOLD TRUST 12406 UNITS AT COST 441,436 614,221
ISHARES MSCI EUROPE FINANCIA 8025 UNITS AT COST 179,161 186,983
ISHARES MSCI EUROPE FINANCIAL (EUFN) 7,541.000 SHARES AT COST 168,356 175,705
ISHARES MSCI JAPAN ETF (EWJ) 10,265.000 SHARES AT COST 577,446 688,782
ISHARES MSCI JAPAN ETF 11094 UNITS AT COST 619,871 744,407
ISHARES MSCI UNITED KINGDOM (EWU) 4,987.000 SHARES AT COST 170,435 169,059
ISHARES MSCI UNITED KINGDOM 5324 UNITS AT COST 181,952 180,484
JPMORGAN BETABUILDERS CANADA (BBCA) 3,891.000 SHARES AT COST 243,645 274,666
JPMORGAN BETABUILDERS CANADA 4118 UNITS AT COST 257,859 290,690
MHS CAPITAL PARTNERS III, LP AT COST 272,500 357,901
NEUBERGER BERM LNG SHRT-INST 36,783.976 SHARES AT COST 634,156 689,700
NEUBERGER BERM LNG SHRT-INST 40722.154 UNITS AT COST 702,050 763,540
PEG GLOBAL PRIVATE EQUITY IX AT COST 1,448,664 2,253,017
PEG GLOBAL PRIVATE EQUITY X S.A. SICAV-RAIF AT COST 677,876 836,905
PEG GLOBAL PRIVATE EQUITY X SA AT COST 1,581,712 1,952,779
PEG GLOBAL PRIVATE EQUITY XI SCSP AT COST 393,750 476,808
PEG GLOBAL PRIVATE EQUITY XI SCSP AT COST 590,625 715,211
PEPPERTREE CAPITAL FUND VIII QP AT COST 975,253 1,556,156
PHILLIPS 66 63,000.00 SHARES AT COST 62,015 62,821
PHILLIPS 66 71,000.00 UNITS AT COST 69,890 70,799
PIMCO COMMODITYPL STRAT-INS (PCLI) 73,513.318 SHARES AT COST 563,430 488,128
PIMCO COMMODITYPL STRAT-INS 74615.983 UNITS AT COST 547,128 495,450
PIMCO TOTAL RETURN FUND-INST (PTTR) 137,732.12 SHARES AT COST 1,241,470 1,167,968
REDCAR FUND I LP AT COST 980,631 262,809
RMWC DIRECT LENDING OPPORTUNITIES FUND III LP AT COST 347,812 564,479
SPDR EURO STOXX 50 ETF (FEZ) 10,806.000 SHARES AT COST 516,320 520,309
SPDR EURO STOXX 50 ETF 11679 UNITS AT COST 556,358 562,344
VANECK GOLD MINERS ETF (GDX) 5,449.000 SHARES AT COST 189,509 184,776
VANECK GOLD MINERS ETF 6196 UNITS AT COST 215,292 210,106
VANECK OIL SERVICES ETF (OIH) 764.000 SHARES AT COST 176,418 207,220
VANECK OIL SERVICES ETF 773 UNITS AT COST 186,472 209,661
VANECK SEMICONDUCTOR ETF (SMH) 1,115.000 SHARES AT COST 258,549 270,020
VANECK SEMICONDUCTOR ETF 1187 UNITS AT COST 275,262 287,456
VANGUARD FTSE EUROPE ETF (VGK) 7,652.000 SHARES AT COST 458,480 485,672
VANGUARD FTSE EUROPE ETF 8111 UNITS AT COST 485,982 514,805
VERIZON COMMUNICATIONS 65,000.00 UNITS AT COST 63,926 64,869
WISDOMTREE JAPAN HEDGED EQ (DXJ) 2,517.000 SHARES AT COST 276,139 277,600
WISDOMTREE JAPAN HEDGED EQ 2550 UNITS AT COST 279,759 281,240

TY 2024 LegalFeesSchedule
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL SERVICES 9,146 0   9,146


TY 2024 OtherAssetsSchedule
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PROGRAMMATIC LOAN RECEIVABLE 200,000 135,000 135,000
PROGRAM RELATED INVESTMENTS   602,393 602,393


TY 2024 OtherExpensesSchedule
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MEMBERSHIP DUES 19,680 0   19,680
INSURANCE 2,250 0   2,250
OFFICE EXPENSES 16,078 0   16,078
PARTNERSHIP EXPENSES 0 36,819   0
PAYROLL SERVICE FEE 4,366 0   4,366


TY 2024 OtherIncomeSchedule2
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME (LOSS) THROUGH K-1S 0 109 0
PRI INTEREST 24,731 24,731 24,731


TY 2024 OtherProfessionalFeesSchedule
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOUNDATION MANAGEMENT FEES 270,165 0   270,165
INVESTMENT MANAGEMENT FEES 274,194 274,194   0
WEALTH MANAGEMENT CONSULTING 17,282 17,282   0
ECONOMIC AND PLANNING CONSULTING 6,915 0   6,915
PROGRAM MANAGEMENT CONSULTING 8,138 0   8,138
PROGRAM AND IMPACT CONSULTING 23,903 0   23,903
PROGRAM DATA SERVICES 30,800 0   30,800


TY 2024 TaxesSchedule
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 26,000 0   0
FOREIGN TAXES 638 638   0