TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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 07-01-2024 , and ending 06-30-2025

Name of foundation
BHP FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1455 PENNSYLVANIA AVE NW
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20004

A Employer identification number

61-1714573

B Telephone number (see instructions)

(202) 383-4443

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$185,422,036J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	49,359		49,359
4	Dividends and interest from securities...	7,728,598		7,728,598
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-476,167
b	Gross sales price for all assets on line 6a 81,212,859
7	Capital gain net income (from Part IV, line 2)...			0
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).......	List of Attached Documents: // Content	10,036	10,036
12	Total. Add lines 1 through 11........	7,311,826		7,787,993
13	Compensation of officers, directors, trustees, etc.	36,031		0	36,031
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)....	List of Attached Documents: // Content	2,273,383	219,037	2,030,399
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	106,000	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	350,196		0	340,552
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	173,572	0	169,331
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	2,939,182		219,037	2,576,313
25	Contributions, gifts, grants paid.......	74,992,509			75,642,509
26	Total expenses and disbursements. Add lines 24 and 25	77,931,691		219,037	78,218,822
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-70,619,865
b	Net investment income (if negative, enter -0-)			7,568,956
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1,602,011	906,721	906,721
	2	Savings and temporary cash investments.........	3,381,390	7,091,407	7,091,407
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	131,128,702	List of Attached Documents: // Content 105,305,223	105,305,223
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......	100,663,181	List of Attached Documents: // Content 70,761,274	70,761,274
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	10,912,396	0	0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 2,422,712	List of Attached Documents: // Content 1,357,411	List of Attached Documents: // Content 1,357,411
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	250,110,392	185,422,036	185,422,036
	17	Accounts payable and accrued expenses..........	276,667	304,854
	18	Grants payable.................	650,000
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	926,667	304,854
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	249,183,725	185,117,182
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		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).....	249,183,725	185,117,182
	30	Total liabilities and net assets/fund balances (see instructions).	250,110,392	185,422,036

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

249,183,725

Enter amount from Part I, line 27a .....................

-70,619,865

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

6,553,322

Add lines 1, 2, and 3 ..........................

185,117,182

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

185,117,182

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
1 a	PUBLICLY TRADED SECURITIES	P
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	81,211,091	81,689,026	-477,935
b	1,768		1,768
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			-477,935
b			1,768
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-476,167
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	105,208
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	105,208
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	105,208
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	111,506
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	111,506
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	6,298
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax6,298	Refunded	11	0

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

Yes

If "Yes," attach the statement required by General Instruction T. Click to see list of attachments

List of Attached Documents:

// Content

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

TX, DC

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

HTTPS://WWW.BHP-FOUNDATION.ORG/EN/

The books are in care of right arrow

PAULA GAUDIELLO Telephone no. right arrow

(202) 383-4443

Located at right arrow

1455 PENNSYLVANIA AVE NWWASHINGTONDC ZIP+4 right arrow

20004

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

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? .................

16Yes

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

Yes

If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment

List of Attached Documents:

// Content

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
VANDITA PANT	CHAIR 4.00	0
1455 PENNSYLVANIA AVE NW WASHINGTON,DC20004	CHAIR 4.00	0
KRISTEN RAY	PRESIDENT/EXECUTIVE OFFICER 40.00	0
1455 PENNSYLVANIA AVE NW WASHINGTON,DC20004	PRESIDENT/EXECUTIVE OFFICER 40.00	0
NATALIE EASTON	TREASURER (THRU 12/09/24) 7.00	0
1455 PENNSYLVANIA AVE NW WASHINGTON,DC20004	TREASURER (THRU 12/09/24) 7.00	0
SARAH COSTELLO	TREASURER (BEGAN 12/09/24) 4.00	0
1455 PENNSYLVANIA AVE NW WASHINGTON,DC20004	TREASURER (BEGAN 12/09/24) 4.00	0
HELEN DRANSFIELD	SECRETARY 24.00	0
1455 PENNSYLVANIA AVE NW WASHINGTON,DC20004	SECRETARY 24.00	0
CARLOS AVILA	DIRECTOR 2.50	0
1455 PENNSYLVANIA AVE NW WASHINGTON,DC20004	DIRECTOR 2.50	0
JAMES WILLIAM AGAR	DIRECTOR 2.50	0
1455 PENNSYLVANIA AVE NW WASHINGTON,DC20004	DIRECTOR 2.50	0
HEATHER ANNE BROWN	DIRECTOR 2.50	0
1455 PENNSYLVANIA AVE NW WASHINGTON,DC20004	DIRECTOR 2.50	0
BRONWYN ANNE WILKINSON	DIRECTOR (BEGAN 10/31/24) 2.50	0
1455 PENNSYLVANIA AVE NW WASHINGTON,DC20004	DIRECTOR (BEGAN 10/31/24) 2.50	0
JP MORGAN TRUST COMPANY OF DELAWARE	TRUSTEE OF VALDIVIAN TRUST 1.00	36,031
1455 PENNSYLVANIA AVE NW WASHINGTON,DC20004	TRUSTEE OF VALDIVIAN TRUST 1.00	36,031

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

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
RAND CORPORATION	STRATEGIC ADVISORY	391,356
PO BOX 2138 SANTA MONICA,CA904072138	STRATEGIC ADVISORY	391,356
POLLINATION FOUNDATION LIMITED	CLIMATE COUNSELING	303,209
LEVEL 10 185 CLARENCE STREET SYDNEY,NSW2000 AS	CLIMATE COUNSELING	303,209
ECOADVISORS INC	STRATEGIC ADVISORY	212,748
1758 HENRY STREET HALIFAX,NSB3H 3K6 CA	STRATEGIC ADVISORY	212,748
BANK OF AMERICA PRIVATE BANK	INVESTMENT MANAGEMENT	198,447
PO BOX 830269 DALLAS,TX75283	INVESTMENT MANAGEMENT	198,447
HUGH FOLEY ADVISORY SERVICES PTY LTD	STRATEGIC ADVISORY	174,735
179 BARKLY ST FITZROY NORTH,VICTORIA3068 AS	STRATEGIC ADVISORY	174,735

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	SUSTAINABLE IMPACT - SEE STATEMENT 14	698,908
2	IPLC - SEE STATEMENT 15	507,408
3	EDUCATION - SEE STATEMENT 16	49,114
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)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

219,803,763

Average of monthly cash balances.......................

10,919,824

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

230,723,587

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

230,723,587

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

3,460,854

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

227,262,733

Minimum investment return. Enter 5% (0.05) of line 5................

11,363,137

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.)

Minimum investment return from Part IX, line 6..................

11,363,137

Tax on investment income for 2024 from Part V, line 5 .......

105,208

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

105,208

Distributable amount before adjustments. Subtract line 2c from line 1............

11,257,929

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

11,257,929

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

11,257,929

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

78,218,822

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

78,218,822

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					11,257,929
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......	27,223,029
b From 2020......	38,936,143
c From 2021......	40,183,891
d From 2022......	33,154,335
e From 2023......	45,877,112
f Total of lines 3a through e ........		185,374,510
4Qualifying distributions for 2024 from Part
XI, line 4: $ 78,218,822
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.....					11,257,929
e Remaining amount distributed out of corpus		66,960,893
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		252,335,403
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) ...		27,223,029
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		225,112,374
10 Analysis of line 9:
a Excess from 2020....	38,936,143
b Excess from 2021....	40,183,891
c Excess from 2022....	33,154,335
d Excess from 2023....	45,877,112
e Excess from 2024....	66,960,893

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ABORIGINAL AND TORRES STRAIT ISLANDER MATHEMATICS ALLIANCE (ATSIMA) 67 FLINDERS DRIVE VALLEY VIEW,SOUTH AUSTRALIA5093 AS	N/A	PC	DESIGN GRANT	207,491
AUSTRALIAN INDIGENOUS GOVERNANCE INSTITUTE (AIGI) 5 SULLIVANS CREEK ROAD CANBERRA,AUSTRALIAN CAPITA2601 AS	N/A	NC	SUPPORTING SELF-DETERMINED GOVERNANCE FOR INDIGENOUS DEVELOPMENT OUTCOMES - PHASE 2	1,390,518
AUSTRALIAN LAND CONSERVATION ALLIANCE LEVEL 3 349 COLLINS STREET MELBOURNE,VICTORIA3000 AS	N/A	NC	PRIVATE LANDS CONSERVATION (PLC) CONFERENCE	105,009
AUSTRALIAN NATIONAL UNIVERSITY (ANU) BUILDING 71T 28 BALMAIN CRESCENT CANBERRA,AUSTRALIAN CAPITA2600 AS	N/A	PC	CENTRE FOR INDIGENOUS ECONOMIC TRANSFORMATION	234,654
BAN KI-MOON CENTRE 112 EAST 71ST STREET APT 2 NEW YORK,NY10021	N/A	PC	LEADERSHIP DEVELOPMENT FOR NATIVE AND INDIGENOUS YOUTH IN THE AMERICAS (FELLOWSHIP PROGRAM) WITH BAN KI MOON CENTRE	250,000
BROOKINGS INSTITUTION 1775 MASSACHUSETTS AVENUE NW WASHINGTON,DC20036	N/A	PC	GLOBAL COLLABORATION TO ADVANCE ANTI-CORRUPTION	2,413,130
CENTRE FOR INDIGENOUS ENVIRONMENTAL RESOURCES (CIER) PO BOX 26092 PRO MARYLAND WINNIPEG,MANITOBAR3G 3R3 CA	N/A	PC	CONSENT-BASED WATER GOVERNANCE	1,114,230
COLLEGES & INSTITUTES CANADA (CI-CAN) 1 RUE RIDEAU STREET SUITE 701 OTTAWA,ONTARIOK1N 8S7 CA	N/A	PC	"MAMAWI" STRENTHENING INDIGENOUS ENTERPRISE DEVELOPMENT	180,000
CONSERVATION INTERNATIONAL FOUNDATION 2011 CRYSTAL DRIVE SUITE 600 ARLINGTON,VA22202	N/A	PC	ALTO MAYO PROJECT SEEKS TO PROMOTE A SUSTAINABLE LANDSCAPE MODEL WHERE LIVELIHOODS ARE IMPROVED THROUGH SIMULTANEOUSLY PROMOTING CONSERVATION AND SUSTAINABLE PRODUCTION, RESILIENT TO CLIMATE CHANGE.	1,200,000
CSIRO LIMESTONE AVENUE CAMPBELL CANBERRA,AUSTRALIAN CAPITA2612 AS	N/A	PC	STEM CHAMPIONS PROJECT (2022 - 2026)	3,678,822
DUKE UNIVERSITY 2200 W MAIN STREET DURHAM,NC27705	N/A	PC	INTERNET OF WATER (IOW)	669,784
ECOAGRICULTURE INTERNATIONAL INC 2961-A HUNTER MILL ROAD SUITE 647 OAKTON,VA22124	N/A	PC	INTEGRATION OF IPLC VALUES AND VOICE IN LANDSCAPE FINANCE	500,000
EDUCATION ENDOWMENT FOUNDATION 17TH FLOOR MILLBANK TOWER 21-24 MILLBANK,LONDONSW1P4QP UK	N/A	NC	BUILDING A GLOBAL EVIDENCE ECOSYSTEM FOR LEARNING	622,631
EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE (EITI) RADHUSGATA 26 3RD FLOOR OLSO151 NO	N/A	NC	EITI: OPENING OWNERSHIP IN THE EXTRACTIVE INDUSTRIES	785,539
EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE (EITI) RADHUSGATA 26 3RD FLOOR OLSO151 NO	N/A	PC	EITI: OPENING OWNERSHIP IN THE EXTRACTIVE INDUSTRIES	2,250,000
FUNDACION ACCION COLECTIVA LOS MILITARES 5620 OFFICE 905 FLOOR 9 SANTIAGO,REGION METROPOLIT7561155 CI	N/A	PC	NORTH THAT INSPIRES: LOCAL COMMUNITIES DRIVING THEIR FUTURE	60,000
FUNDACION CAPITAL AZUL MARCO POLO 1111 APARTMENT 64 LAS CONDES,SANTIAGO7550479 CI	N/A	PC	COASTAL COMMUNITIES PROGRAM - RESILIENCE NETWORK	540,881
FUNDACION CHILE AVENIDA PARQUE ANTONIO RABAT SUR 6165 SANTIAGO,VITACURA7660118 CI	N/A	PC	PROGRAMA LEGADO	15,000
FUNDACION CHILE AVENIDA PARQUE ANTONIO RABAT SUR 6165 SANTIAGO,VITACURA7660118 CI	N/A	PC	SUMAR SABERES - SMALL GRANT	260,000
FUNDACION CHILE AVENIDA PARQUE ANTONIO RABAT SUR 6165 SANTIAGO,VITACURA7660118 CI	N/A	PC	COASTAL COMMUNITIES PROGRAM - RESILIENCE NETWORK	400,000
FUNDACION ENCUENTROS DEL FUTURO SANTA LUCIA 110 DP 68 REGION METROPOLITANA,SANTIAGO8320222 CI	N/A	PC	2025 FUNDACION ENCUENTROS DEL FUTURO - SMALL GRANT	460,000
FUNDACION PARA LA INCLUSION TECNOLGICA KODEA EVARISTO LILLO 178 OFICINA 25 LAS CONDES,SANTIAGO7850110 CI	N/A	PC	DIGITAL SKILLS FOR THE XXI CENTURY	549,082
FUNDACION PARA LA INCLUSION TECNOLGICA KODEA EVARISTO LILLO 178 OFICINA 25 LAS CONDES,SANTIAGO7850110 CI	N/A	PC	LOS CREADORES HAS STRENGTHENED ITS DYNAMICS AS AN AWARD AND ADDED AN EDUCATIONAL PROGRAM THAT ON 2022 BECAME THE ESCUELA DE CREADORES (SCHOOL OF CREATORS), MAKING AN EDUCATIONAL PATH AVAILABLE WITH ONLINE AND IN-PERSON MEETINGS WHICH	150,000
FUNDACION RE-IMAGINA CRISTAL DE ABELLI 3051 LAS CONDES,SANTIAGO DE CHILE7591644 CI	N/A	PC	DIGITAL EDUCATION KNOWLEDGE - CONSORTIUM 21ST CENTURY EDUCATION CHILE)	1,577,461
FUNDACION TIERRA AUSTRAL (FTA) AVENIDA VITACURA 3585 DEPTO 702 VITACURA7630532 CI	N/A	PC	CONSERVATION CORRIDOR CHILE - PHASE 2	600,000
FUNDACION TIERRA AUSTRAL (FTA) AVENIDA VITACURA 3585 DEPTO 702 VITACURA7630532 CI	N/A	PC	CONSERVATION CORRIDOR CHILE - PHASE 2 SUSTAINABLE EXIT GRANT	2,000,000
GLOBAL IMPACT FOR OPEN OWNERSHIP 1199 NORTH FAIRFAX STREET SUITE 300 ALEXANDRIA,VA22314	N/A	PC	AMPLIFYING BOT IMPACT PROJECT - OPEN OWNERSHIP	1,000,000
GREAT BARRIER REEF FOUNDATION LEVEL 13300 ANN STRATEET BRISBANE,QUEENSLAND4000 AS	N/A	PC	RESILIENT REEFS INITIATIVE - PHASE 2 SCALING	7,119,258
INDIGENOUS DESERT ALLIANCE (IDA) 76 WITTENOOM STREET PERTH,WESTERN AUSTRALIA6004 AS	N/A	PC	KEEPING THE DESERTS CONNECTED - PHASE 2	3,398,820
INTERNATIONAL FINANCE CORPORATION 2121 PENNSYLVANIA AVENUE NW WASHINGTON,DC20433	N/A	PC	WORLD BANK: FROM DISCLOSURE TO DEVELOPMENT - PHASE 1	190,000
INTERNATIONAL INSTITUTE FOR SUSTAINABLE DEVELOPMENT (IISD) 111 LOMBARD AVENUE SUITE 325 WINNIPEG,MANITOBAR3B 0T4 CA	N/A	PC	MAINSTREAMING NATURAL INFRASTRUCTURE ON THE CANADIAN PRAIRIES	495,588
LANDESA 1424 FOURTH AVE SUITE 300 SEATTLE,WA98101	N/A	PC	COMMUNITY SMART CONSULTATION AND CONSENT + ALTO MAYO - CARBON PROJECT	2,020,669
MAKEWAY FOUNDATION 400 - 163 WEST HASTINGS STREET VANCOUVER,BCV6B 1H5 CA	N/A	PC	NWT ON THE LAND YOUTH COLLABORATIVE (DONOR COLLABORATIVE FUND)	6,451,477
NATIONAL ABORIGINAL COMMUNITY CONTROLLED HEALTH ORGANISATION PO BOX 299 CANBERRA,AUSTRALIAN CAPITA2601 AS	N/A	PC	NATIONAL ABORIGINAL COMMUNITY CONTROLLED HEALTH ORGANISATION YOUTH CONFERENCE	189,870
NATURE FOR JUSTICE 2235 MERIDIAN STREET FALLS CHURCH,VIRGINIA22046 CA	N/A	PC	FIRST 30X30 PROGRAM AND INDIGENOUS-LED CONSERVATION IN CANADA	35,000
OPEN CONTRACTING PARTNERSHIP (OCP) 121 AVENUE OF THE AMERICAS 6TH FLOOR NEW YORK,NY10013	N/A	PC	PROMOTING SOCIAL INCLUSION & ENVIRONMENTAL SUSTAINABILITY IN RESOURCE-RICH COUNTRIES - PHASE 2	1,000,000
PACIFIC INSTITUTE 344 20TH STREET OAKLAND,CA94612	N/A	PC	ADVANCING WATER EQUITY AND RESILIENCE	1,301,375
POLLINATION FOUNDATION 185 CLARENCE STREET LEVEL 10 SYDNEY,NEW SOUTH WALES2000 AS	N/A	PC	STRATEGY REFRESH - SMALL DESIGN GRANT	209,044
POLLINATION FOUNDATION 185 CLARENCE STREET LEVEL 10 SYDNEY,NEW SOUTH WALES2000 AS	N/A	PC	IPLC NATURE MARKETS CREDITS	265,000
RAINFOREST ALLIANCE (RA) 233 BROADWAY 28TH FLOOR NEW YORK,NY10279	N/A	PC	LANDSCALE (RA)	2,000,000
RECONCILIATION AUSTRALIA KING GEORGE TERRACE PARKEST,AUSTRALIAN CAPITA2600 AS	N/A	PC	INDIGENOUS GOVERNANCE PROGRAM - PHASE 2	519,072
RECONCILIATION AUSTRALIA KING GEORGE TERRACE PARKEST,AUSTRALIAN CAPITA2600 AS	N/A	PC	NARRAGUNNAWALI: RECONCILIATION IN SCHOOLS AND EARLY LEARNING - PHASE 2	1,533,351
RESULTS FOR DEVELOPMENT INSTITUTE INC 1111TH ST NW SUITE 700 WASHINGTON,DC20036	N/A	PC	GOVERNANCE ACTION HUB	1,778,833
SMARTICE SEA MONITORING & INFORMATION INC 340 LEMARCHANT ROAD ST JOHNS,NLA1E 1R2 CA	N/A	PC	ICE NAVIGATION, ECONOMIC SELF DETERMINATION AND CULTURE PRESERVATION FOR INUIT YOUTH AND COMMUNITIES	2,506,579
THE NATURE CONSERVANCY (TNC) 4245 FAIRFAX DR 100 ARLINGTON,VA22203	N/A	PC	COASTAL COMMUNITIES PROGRAM - RESILIENCE NETWORK	250,000
THE NATURE CONSERVANCY (TNC) 4245 FAIRFAX DR 100 ARLINGTON,VA22203	N/A	PC	BOREAL - FOREST CONSERVATION	1,500,000
THE NATURE CONSERVANCY (TNC) 4245 FAIRFAX DR 100 ARLINGTON,VA22203	N/A	PC	VALDIVIAN COASTAL RESERVE - ANNUAL DISBURSEMENT AND TRAVEL REIMBURSEMENT	11,483,513
UNIVERSITY OF ALBERTA (UOFA) CILLDI OFFICE OF THE VICE-PROVOST 2-40 SOUTH ACADEMIC BLDNG EDMONTON,ALBERTAT6G 2M7 CA	N/A	PC	INDIGENOUS YOUTH THROUGH EDUCATION	1,389,654
UNIVERSITY OF SYDNEY (THE MATILDA CENTRE) F23 ADM BLDG LEVEL 3 CORNER OF EASTERN AVE CITY ROAD CAMPERDOWN,NEW SOUTH WALES2006 AS	N/A	PC	MENTALLY HEALTHY FUTURE	3,137,246
UNIVERSITY OF SYDNEY BRAIN AND MIND CENTRE (BMC) F23 ADM BLDG LEVEL 3 CORNER OF EASTERN AVE CITY ROAD CAMPERDOWN,NEW SOUTH WALES2006 AS	N/A	PC	RIGHT CARE, FIRST TIME, WHERE YOU LIVE YOUTH MENTAL HEALTH	3,553,928
US AGENCY FOR INTERNATIONAL DEVELOPMENT 1300 PENNSYLVANIA AVENUE NW WASHINGTON,DC20523	N/A	GOV	IN SUPPORT OF A PROGRAM RUN BY USAID SAFEGUARDING CARBON MARKETS CHALLENGE (SCM CHALLENGE)	100,000
Total ................................. 3a				75,642,509

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	49,359
4 Dividends and interest from securities ....			14	7,728,598
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	-476,167
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFX MISC INCOME			01	10,036
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		7,311,826	0

13Total. Add line 12, columns (b), (d), and (e)..................

7,311,826

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 DissolutionStmt

Name:

BHP FOUNDATION

EIN:

61-1714573

Dissolution Name	Dissolution Address	Explanation	Dissolution Amount
SEE PART XIV LINE 3 FOR LIST OF GRANTS PAID	1455 PENNSYLVANIA AVE NW WASHINGTON,DC20004	CASH	75,642,509

- TIN:

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

TY 2024 ExpenditureResponsibilityStmt

Name:

BHP FOUNDATION

EIN:

61-1714573

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	Results of Verification
AUSTRALIAN INDIGENOUS GOVERNANCE INSTITUTE (AIGI)	5 SULLIVANS CREEK ROAD CANBERRA,AUSTRALIAN CAPITA2601 AS	2023-02-23	1,274,984	SUPPORTING SELF-DETERMINED GOVERNANCE FOR INDIGENOUS DEVELOPMENT OUTCOMES THROUGH A NEW PRACTICE SET THAT BUILDS AND DISSEMINATES BEST PRACTICE TOOLS, RESEARCH AND TRAINING, AND DISRUPTS SYSTEMS TO ESTABLISH A STRENGTH-BASED POLICY FRAMEWORK FOR INDIGENOUS LED NATION BUILDING.	1,274,984	NONE	8/26/2024 AND 6/30/2025
AUSTRALIAN INDIGENOUS GOVERNANCE INSTITUTE (AIGI)	5 SULLIVANS CREEK ROAD CANBERRA,AUSTRALIAN CAPITA2601 AS	2024-09-26	1,390,518	SUPPORTING SELF-DETERMINED GOVERNANCE FOR INDIGENOUS DEVELOPMENT OUTCOMES - PHASE 2	1,390,518	NONE	6/30/2025
AUSTRALIAN LAND CONSERVATION ALLIANCE	LEVEL 3 349 COLLINS STREET MELBOURNE,VICTORIA3000 AS	2024-11-06	204,159	DEVELOPMENT AND IMPLEMENTATION OF A LONGER TERM STRATEGY AND VISION FOR SUSTAINABLE DELIVERY OF ALCAS PRIVATE LANDS CONSERVATION CONFERENCES IN A WAY THAT INCREASES REACH AND EMPHASIZES INDIGENOUS LEADERSHIP	151,252	NONE	6/30/2025
AUSTRALIAN LAND CONSERVATION ALLIANCE	LEVEL 3 349 COLLINS STREET MELBOURNE,VICTORIA3000 AS	2025-08-01	105,009	PRIVATE LANDS CONSERVATION (PLC) CONFERENCE	0	NONE	REPORT PENDING
AUSTRALIAN RED CROSS	23-47 VILLIERS ST VICTORIA,NORTH MELBOURNE3051 AS	2022-04-28	1,414,600	FLOOD RELIEF	1,228,257	NONE	7/31/2023, 8/7/2024 AND 7/31/2025
CENTRE FOR INDIGENOUS ENVIRONMENTAL RESOURCES (CIER)	PO BOX 26092 PRO MARYLAND WINNIPEG,MANITOBAR3G 3R3 CA	2021-09-20	938,325	SUPPORTING CONSENT BASED WATER GOVERNANCE FOR LOCAL AND INDIGENOUS COMMUNITIES	938,325	NONE	3/15/2024 AND 7/31/2024	REPORTING SATISFIED AS EQIVALENCY DETERMINATION WAS PUT IN PLACE 8/21/2024 AND WILL REMAIN LISTED UNTIL FULLY EXPENDED.
EDUCATION ENDOWMENT FOUNDATION	17TH FLOOR MILLBANK TOWER 21-24 MILLBANK,LONDONSW1P4QP UK	2024-08-13	622,631	BUILDING A GLOBAL EVIDENCE ECOSYSTEM FOR LEARNING	622,631	NONE	9/1/2025
EDUCATION ENDOWMENT FOUNDATION	17TH FLOOR MILLBANK TOWER 21-24 MILLBANK,LONDONSW1P4QP UK	2022-06-13	2,265,862	DEVELOPING THE TEACHING AND LEARNING TOOLKIT. WHICH IDENTIFIES ACROSS COUNTRIES WHAT WORKS, FOR WHICH STUDENTS, IN WHICH CIRCUMSTANCES. BUILDING EVIDENCE HUBS WITH LOCAL EDUCATION JURISDICTIONS TO SUPPORT INNOVATION IN FUTURE TEACHING AND LEARNING.	2,265,862	NONE	3/6/2024 AND 9/1/2025
EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE (EITI)	RADHUSGATA 26 3RD FLOOR OLSO151 NO	2021-01-01	926,909	ADDRESS GAP BETWEEN EITI STANDARD REQUIREMENTS AND COUNTRIES CAPACITY TO IMPLEMENT. BUILD EVIDENCE BASE TO DEMONSTRATE EFFECTIVE PUBLISHING AND USE OF BENEFICIAL OWNERSHIP DATA - PROVIDE TECHNICAL SUPPORT TO THOSE IMPLEMENTING THE DATA STANDARD.	926,909	NONE	8/24/2024 AND 1/31/25
EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE (EITI)	RADHUSGATA 26 3RD FLOOR OLSO151 NO	2025-01-07	785,539	EITI: OPENING OWNERSHIP IN THE EXTRACTIVE INDUSTRIES	0	NONE	REPORT PENDING
FUNDACION ENCUENTROS DEL FUTURO	SANTA LUCIA 110 DP 68 REGION METROPOLITANA,SANTIAGO8320222 CI	2024-01-16	140,000	2024 FUNDACION ENCUENTROS DEL FUTURO SUMMIT SUPPORTING THE FREE DISSEMINATION OF KNOWLEDGE IN SCIENCE, TECHNOLOGY AND ART.	140,000	NONE	09/12/2024 AND 08/07/2025
FUNDACION PARA LA INCLUSION TECNOLGICA KODEA	EVARISTO LILLO 178 OFICINA 25 LAS CONDES,SANTIAGO7850110 CI	2021-01-01	1,461,265	TO INTEGRATE COMPUTATIONAL THINKING AND PROGRAMMING SKILLS INTO CHILE'S SCHOOL CURRICULUM AS A NECESSARY TOOL FOR THE DEVELOPMENT OF 21ST CENTURY SKILLS.	1,461,265	NONE	11/30/2022, 8/31/2023, 7/31/2024 AND 2/28/2025	REPORTING SATISFIED AS EQIVALENCY DETERMINATION WAS PUT IN PLACE 10/29/2022 AND WILL REMAIN LISTED UNTIL FULLY EXPENDED.
FUNDACION PUERTO DE IDEAS	AV PROVIDENCIA 1208 OF 1407 SANTIAGO7550232 CI	2024-05-24	160,000	SUPPORT 2024 FESTIVAL, A SUMIT OF NATIONAL AND INTERNATIONAL VOICES OF THINKERS, SCIENTISTS, AUTHORS AND ARTISTS, THAT WILL ADDRESS, IN A MULTIDISCIPLINARY LANGUAGE, INVESTIGATIONS, IDEAS, INITIATIVES AND PROJECTS TO ALLOW THE PUBLIC A BETTER COMPREHENSION OF OUR ENVIRONMENT AND THE SOCIAL AND ENVIRONMENTAL.	160,000	NONE	10/31/2024
FUNDACION TIERRA AUSTRAL (FTA)	AVENIDA VITACURA 3585 DEPTO 702 VITACURA7630532 CI	2021-12-23	1,170,000	ADVANCE THE TRANSFORMATIONAL LAND CONSERVATION OF THE MEDITERRANEAN VEGETATION HABITAT IMPLEMENTING CHILE'S LANDMARK CONSERVATION, THE DERECHO REAL DE CONSERVACION AT 5 SITES TO PERMANENTLY PROTECT THEM.	1,170,000	NONE	8/30/2025	REPORTING SATISFIED AS EQIVALENCY DETERMINATION WAS PUT IN PLACE 7/19/2024 AND WILL REMAIN LISTED UNTIL FULLY EXPENDED.
GREAT BARRIER REEF FOUNDATION	LEVEL 13300 ANN STREET BRISBANEQLD 4000 AS	2022-03-23	1,254,375	IMPROVE OUTCOMES FOR THE WORLDS CORAL REEFS DEPENDENT COMMUNITIES BY BUILDING RESILIENCE TO CLIMATE CHANGE THROUGH LOCAL ACTION. ESTABLISH DEMONSTRATION SITES (SIGNIFICANT CORAL REEFS) DEVELOP A CLIMATE RESILIENCE PLAN, IMPLEMENT PRIORITY ACTIONS.	1,254,375	NONE	11/14/23, 4/28/23, 5/31/24, 5/318/25 AND 8/31/25	REPORTING SATISFIED AS EQIVALENCY DETERMINATION WAS PUT IN PLACE 11/15/2023 AND WILL REMAIN LISTED UNTIL FULLY EXPENDED.
GREAT BARRIER REEF FOUNDATION	LEVEL 13300 ANN STREET BRISBANE,QUEENSLAND4000 AS	2022-03-23	1,153,288	IMPROVE OUTCOMES FOR THE WORLDS CORAL REEFS DEPENDENT COMMUNITIES BY BUILDING RESILIENCE TO CLIMATE CHANGE THROUGH LOCAL ACTION AND CLIMATE RESILIENCE PLANS.	166,857	NONE	11/14/23, 4/28/23, 5/31/24 AND 5/31/25	REPORTING SATISFIED AS EQIVALENCY DETERMINATION WAS PUT IN PLACE 11/15/2023 AND WILL REMAIN LISTED UNTIL FULLY EXPENDED.
INTERNATIONAL INSTITUTE FOR SUSTAINABLE DEVELOPMENT	111 LOMBARD AVENUE SUITE 325 WINNIPEG,MANITOBAR3B 0T4 CA	2023-04-17	810,721	ENHANCE UNDERSTANDING AND USE OF NATURAL INFRASTRUCTURE IN THE CANADIAN PRAIRIES TO MEET LONG-TERM WATER NEEDS AND BUILD LONG-TERM RESILIENCE BY PILOTING, TESTING AND SCALING (IF SUCCESSFUL) THE MAINSTREAM USE.	810,721	NONE	12/31/2022, 4/3/2023, 6/30/2023, 4/20/2024 AND 8/26/2024	REPORTING SATISFIED AS IRS LETTER WAS RECEIVED AND WILL REMAIN LISTED UNTIL FULLY EXPENDED.
POLLINATION FOUNDATION	185 CLARENCE STREET LEVEL 10 SYDNEY,NEW SOUTH WALES2000 AS	2024-03-20	105,000	SUPPORT INDIGENOUS LEADERS CARBON EXCHANGE ON FPIC AND OTHER MEASURES TO ENSURE FAIR AND EQUITABLE PRACTICES IN CARBON PROJECTS AND EXAMPLE OF BEST PRACTICE.	94,528	NONE	12/31/2024	REPORTING SATISFIED AS EQIVALENCY DETERMINATION WAS PUT IN PLACE 4/10/2024 AND UNSPENT AMOUNT HAS BEEN ALLOCATED TO A NEW PROGRAM WITH POLLINATION FOUNDATION.
RECONCILIATION AUSTRALIA	KING GEORGE TERRACE PARKEST,AUSTRALIAN CAPITA2600 AS	2023-02-16	480,483	THE INDIGENOUS GOVERNANCE PROGRAM SUPPORTS A NEW PRACTICE SET THAT BUILDS AND DISSEMINATES BEST PRACTICE TOOLS, RESEARCH AND TRAINING, AND DISRUPTS SYSTEMS TO ESTABLISH A STRENGTH-BASED POLICY FRAMEWORK FOR INDIGENOUS LED NATION BUILDING.	480,483	NONE	9/17/23 AND 9/3/2025
RECONCILIATION AUSTRALIA	KING GEORGE TERRACE PARKEST,AUSTRALIAN CAPITA2600 AS	2022-06-30	1,739,851	THE NARRAGUNNAWALI PROGRAM SUPPORTS AUSTRALIAN SCHOOLS AND EARLY LEARNING SERVICES TO FOSTER A HIGHER LEVEL OF KNOWLEDGE AND PRIDE IN ABORIGINAL AND TORRES STRAIT ISLANDER HISTORIES, CULTURES AND CONTRIBUTIONS.	1,739,851	NONE	8/23/23, 8/19/24, 8/29/24 AND 8/19/25
SMARTICE SEA MONITORING & INFORMATION INC	340 LEMARCHANT ROAD ST JOHNS,NLA1E 1R2 CA	2023-08-14	184,101	ICE NAVIGATION, ECONOMIC SELF DETERMINATION AND CULTURE PRESERVATION FOR INUIT YOUTH AND COMMUNITIES	184,101	NONE	8/11/2025
SOUTH AFRICA CENTER FOR EVIDENCE	16 BAKER STREET ROSEBANK,JOHANNESBURK2196 SF	2023-06-16	186,615	SUPPORT THE AFRICA EVIDENCE YOUTH LEAGUE AS A PILOT TO ESTABLISH THE VIABILITY OF CONVENING SUCH YOUTH LEAGUES AS AN APPROACH TO TRANSFORMING THE PRACTICE OF USING EVIDENCE FOR EDUCATION DECISION MAKING.	186,615	NONE	1/31/24 AND 11/30/2024
THE MELBOURNE UNIVERSITY	BUILDING 161 THE UNIVERSITY OF MELBOURNE VICTORIA3010 AS	2020-07-16	1,590,157	AMSI "CHOOSE MATHS" PROGRAM TO INCREASE THE NUMBER OF GIRLS STUDYING MATHS; IMPROVE ACHIEVEMENT IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATHS (STEM) EDUCATION; AND INCREASE FEMALE REPRESENTATION IN STEM-RELATED PROFESSIONS.	1,590,157	NONE	7/31/2021, 6/30/2022, 6/30/2023 AND 9/2/2025
TRANSPARENCY INTERNATIONAL	ALT-MOABIT 96 BERLIN10559 GM	2022-01-07	678,000	RISE UKRAINE SUPPORTS UKRAINE'S LEADING GOOD GOVERNANCE AND OPEN PUBLIC DATA CIVIC, GOVERNMENT AND BUSINESS INSTITUTIONS TO EMBED GOOD GOVERNANCE AND OPEN DATA PRINCIPLES INTO UKRAINE'S RECONSTRUCTION	314,386	NONE	12/31/2022, 1/31/2024 AND 1/31/2025
UNIVERSITY OF SYDNEY BRAIN AND MIND CENTRE (BMC)	F23 ADM BLDG LEVEL 3 CORNER OF EASTERN AVE CITY ROAD NSW,CAMPERDOWN2006 AS	2021-01-18	2,096,600	TO ESTABLISH A NOVEL YOUTH MENTAL HEALTH DECISION-SUPPORT ECOSYSTEM BY STRENGTHENING AND COORDINATING DELIVERY OF MENTAL HEALTH CARE THROUGH TOOLS AND TECHNOLOGY.	2,096,600	NONE	9/30/2021, 12/31/2021, 3/31/2022, 6/30/2022, 12/31/2022, 1/31/2024 AND 1/31/	REPORTING SATISFIED AS EQIVALENCY DETERMINATION WAS PUT IN PLACE 2/28/2023 AND WILL REMAIN LISTED UNTIL FULLY EXPENDED.

- TIN:

TY 2024 GeneralExplanationAttachment

Name:

BHP FOUNDATION

EIN:

61-1714573

Identifier	Return Reference	Explanation
DIRECT CHARITABLE ACTIVITIES	PART VIII-A, LINE 1	SUSTAINABLE IMPACTTHE SUSTAINABLE IMPACT PORTFOLIO CONSISTS OF PROJECTS THAT DO NOT ALIGN WITH THE IP&LC AND EDUCATION THEMES AND/OR THE GEOGRAPHIC FOCUS OF REVISED STRATEGY. SUPPORT IS FOCUSSED ON IMPACT AND SUSTAINABLE EXIT FROM THE BHP FOUNDATION PORTFOLIO.
DIRECT CHARITABLE ACTIVITIES	PART VIII-A, LINE 2	IPLCTHE IPLC PROGRAM AIMS TO PARTNER WITH OTHERS TO CONTRIBUTE TO GREATER EQUALITY AND SELF-DETERMINATION FOR INDIGENOUS PEOPLES AND LOCAL COMMUNITIES THROUGH INVESTMENTS THAT INTERSECT GOVERNANCE AND LEADERSHIP, CULTURE AND WELLBEING, ECONOMIC EQUITY AND LAND AND SEA. THESE EFFORTS ARE FOCUSED IN AUSTRALIA, CANADA AND CHILE.
DIRECT CHARITABLE ACTIVITIES	PART VIII-A, LINE 3	EDUCATIONTHE EDUCATION PROGRAM AIMS TO PREPARE UNDERREPRESENTED CHILDREN AND YOUNG PEOPLE TO PARTICIPATE IN THE ECONOMY OF THE FUTURE THROUGH INVESTMENTS FOCUSED ON THE SKILLS FOR THE FUTURE AND SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS.

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

BHP FOUNDATION

EIN:

61-1714573

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AERCAP IRELAND CAP 02.450% OCT 29 2026	4,281,963	4,281,963
AMERICAN TOWER 03.550% JUL 15 2027	3,587,475	3,587,475
AMGEN INC 05.150% MAR 02 2028	3,315,611	3,315,611
BANK OF NOVA 01.350% JUN 24 2026	4,794,303	4,794,303
CAPITAL ONE MUL 03.490%MAY15 27	2,902,421	2,902,421
CATERPILLAR FINL 04.350% MAY 15 2026	4,612,627	4,612,627
CSX CORP 03.800% MAR 01 2028	3,235,125	3,235,125
GOLDMAN SACHS GROUP GYM0GLB VAR%OCT 21 2027	3,858,516	3,858,516
HOME DEPOT INC 04.875% JUN 25 2027	954,814	954,814
JOHN DEERE CAPITAL 04.750% JAN 20 2028	4,550,829	4,550,829
KEY BANK 04.150% AUG 08 2025	674,501	674,501
LOWE'S COS INC 03.350% APR 01 2027	3,506,956	3,506,956
MORGAN STANLEY 03.625% JAN 20 2027	807,983	807,983
NEXTERA ENERGY 01.875% JAN 15 2027	2,965,346	2,965,346
ORACLE 05.800% NOV 10 2025	2,016,072	2,016,072
PIONEER NATURAL 01.125% JAN 15 2026	3,414,605	3,414,605
PNC BANK 03.250% JAN 22 2028	4,663,177	4,663,177
REPUBLIC SERVICES INC 03.950% MAY 15 2028	3,545,084	3,545,084
RYDER SYSTEM INC 02.850% MAR 01 2027	3,204,524	3,204,524
TORONTO-DOMINION 01.250% SEP 10 2026	5,138,570	5,138,570
USD ROYAL BK CANAD 5.200% JUL 20 2026	4,730,772	4,730,772

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

BHP FOUNDATION

EIN:

61-1714573

US Government Securities - End of Year Book Value:

105,305,223

US Government Securities - End of Year Fair Market Value:

105,305,223

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2024 LiquidationExplanationStmt

Name:

BHP FOUNDATION

EIN:

61-1714573

Statement:

DURING 2024, THE FOUNDATION'S BOARD UNANIMOUSLY APPROVED THAT THE FOUNDATION WOULD BE VOLUNTARILY DISSOLVED BY JUNE 30, 2028. IN CONNECTION THEREWITH, THE FOUNDATION HAS MADE DISTRIBUTIONS IN EXCESS OF 25% OF THE FAIR MARKET VALUE OF IT'S NET ASSETS AT THE BEGINNING OF THE TAX YEAR, WHICH IS DEEMED A "SUBSTANTIAL CONTRACTION" AS PER FORM 990-PF INSTRUCTIONS.

- TIN:

TY 2024 OtherAssetsSchedule

Name:

BHP FOUNDATION

EIN:

61-1714573

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
TRADE AND OTHER RECEIVABLES	9,644	0	0
INTEREST RECEIVABLE	2,413,068	1,357,411	1,357,411

- TIN:

TY 2024 OtherExpensesSchedule

Name:

BHP FOUNDATION

EIN:

61-1714573

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
TRAINING AND EDUCATION	46,507	46,507
INFORMATION MANAGEMENT	1,872	1,872
OFFICE & ADMIN EXPENSES	118,522	118,522
MISCELLANEOUS EXPENSE	6,671	2,430

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

BHP FOUNDATION

EIN:

61-1714573

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
FX MISC INCOME	10,036	10,036	10,036

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

BHP FOUNDATION

EIN:

61-1714573

Description	Amount
UNREALIZED GAIN ON INVESTMENTS	6,553,322

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

BHP FOUNDATION

EIN:

61-1714573

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
PROGRAM CONSULTING	1,480,122	0	1,441,664
GENERAL & ADMINISTRATIVE CONSULTING	574,224	0	588,735
INVESTMENT MANAGEMENT AND ADVISORY	219,037	219,037	0

- TIN:

TY 2024 TaxesSchedule

Name:

BHP FOUNDATION

EIN:

61-1714573

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAX PAID	106,000	0		0