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

94-3368338
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$6,366,609J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 4,880 4,880  
4 Dividends and interest from securities... 62,966 62,965  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 178,390
b Gross sales price for all assets on line 6a 1,113,194
7 Capital gain net income (from Part IV, line 2)... 178,390
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
7,461 37,376  
12 Total. Add lines 1 through 11........ 253,697 283,611  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 117,072     117,072
15 Pension plans, employee benefits....... 9,627     9,627
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
23,074 7,371   15,703
17 Interest............... 9,962 9,962    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,231 331    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
92,808 42,682   49,344
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 255,774 60,346   191,746
25 Contributions, gifts, grants paid....... 1,158,600 1,158,600
26 Total expenses and disbursements. Add lines 24 and 25 1,414,374 60,346   1,350,346
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,160,677
b Net investment income (if negative, enter -0-) 223,265
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 142,779 82,013 82,013
3 Accounts receivable right arrow16,717
Less: allowance for doubtful accounts right arrow   7,505 16,717 16,717
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)....... 2,777,547 Click to see attachment
List of Attached Documents:
// Content
1,911,240 		3,555,427
c Investments—corporate bonds (attach schedule)....... 580,960 Click to see attachment
List of Attached Documents:
// Content
559,559 		561,515
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).......... 1,737,169 Click to see attachment
List of Attached Documents:
// Content
1,515,754 		2,150,937
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,245,960 4,085,283 6,366,609
Liabilities 17 Accounts payable and accrued expenses..........    
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 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 5,245,960 4,085,283
29 Total net assets or fund balances (see instructions)..... 5,245,960 4,085,283
30 Total liabilities and net assets/fund balances (see instructions). 5,245,960 4,085,283
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
5,245,960
2
Enter amount from Part I, line 27a .....................
2
-1,160,677
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,085,283
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,085,283
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c CAPITAL ROYALTY PARTNERS II (CAYMAN) LP P 2011-08-16 2024-09-30
d RAINETH HOUSING FUND IV, LP P 2014-05-28 2024-12-31
e SCP REAL ASSETS FND (A) LP P 2010-12-31 2024-12-12
UNION BAY CAPITAL PARTNERS I, LLC P 2013-05-23 2024-07-24
DISTRIBUTIONS IN EXCESS OF BASIS      
(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 1,109,112   892,894 216,218
b       -15,249
c     6,292 -6,292
d     1,104 -1,104
e 1,366     1,366
2,716   19,825 -17,109
      560
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       216,218
b        
c       -6,292
d       -1,104
e       1,366
      -17,109
       
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 2 178,390
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 3,103
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 3,103
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,103
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 4,100
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 400
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,500
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 1,397
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow1,397 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
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 arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Steven P Westly Chairman, Dir, Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Anita W Yu Sec, Dir, Treas
20.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
JESSICA GARCIA-KOHL Executive Director
35.0 		117,072 627  
2700 YGNACIO VALLEY ROAD
WALNUT CREEK,CA94598
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
 
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
4,245,716
b
Average of monthly cash balances.......................
1b
203,753
c
Fair market value of all other assets (see instructions)................
1c
2,161,315
d
Total (add lines 1a, b, and c).........................
1d
6,610,784
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
6,610,784
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
99,162
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,511,622
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
325,581
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
325,581
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
3,103
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,103
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
322,478
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
322,478
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
322,478
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,350,346
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,350,346
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 7 322,478
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:2022, 2021, 2020  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 604,981
b From 2020...... 799,793
c From 2021...... 578,291
d From 2022...... 856,669
e From 2023...... 789,047
f Total of lines 3a through e ........ 3,628,781
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,350,346
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 322,478
e Remaining amount distributed out of corpus 1,027,868
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 4,656,649
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		604,981
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		4,051,668
10 Analysis of line 9:
a Excess from 2020.... 799,793
b Excess from 2021.... 578,291
c Excess from 2022.... 856,669
d Excess from 2023.... 789,047
e Excess from 2024.... 1,027,868
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).)
Anita W Yu
Steven P Westly
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 e-mail address of the person to whom applications should be addressed:
FOUNDATION SOURCE
55 Walls Drive Suite 302
FAIRFIELD,CT06824
(800) 839-1754
bThe form in which applications should be submitted and information and materials they should include:
WESTLY.ORG
cAny submission deadlines:
WESTLY.ORG
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
WESTLY.ORG
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

ALAMEDA EMERGENCY FOOD

PO BOX 2167
ALAMEDA,CA94501 		N/A PC General & Unrestricted 100

BEYOND BARRIERS ATHLETIC FOUNDATION

50 WOODSIDE PLZ STE 426
REDWOOD CITY,CA94061 		N/A PC General & Unrestricted 25,000

BIG BROTHERS BIG SISTERS OF CENTRAL CALIFORNIA

4047 N FRESNO ST
FRESNO,CA93726 		N/A PC Funding to Support Two "Little-Bigs" Programs 25,000

BREAKING THE CHAINS 23

3014 W MCKINLEY AVE
FRESNO,CA93722 		N/A PC Crisis intervention and support for trafficked juveniles 25,000

Brittan Acres Elementary

2000 BELLE AVE
San Carlos,CA94070 		N/A GOV Teacher Art Grant: Creativity Through TK Art 500

Brittan Acres Elementary

2000 BELLE AVE
San Carlos,CA94070 		N/A GOV Bringing Art Outside TK 500

CALIFORNIA HEALTH COLLABORATIVE

1680 W SHAW AVE
FRESNO,CA93711 		N/A PC KITT PROJECT: Youth Testing & Treatment 25,000

CAREERVILLAGE INC

1875 MISSION ST STE 237
PALO ALTO,CA94103 		N/A PC General & Unrestricted 25,000

CENTRAL VALLEY LATINO LEADERSHIP ACADEMY

2037 W BULLARD AVE 393
FRESNO,CA93711 		N/A PC General & Unrestricted 12,500

Clifford Elementary

225 CLIFFORD AVE
Redwood City,CA94062 		N/A GOV 4th Grade Art Program: Shannon Cody & Stephanie Eaton's class 1,000

COLLEGE POSSIBLE

755 PRIOR AVE N STE 210
SAINT PAUL,MN55104 		N/A PC General & Unrestricted 25,000

COMMUNITY INITIATIVES

1000 BROADWAY STE 480
OAKLAND,CA94607 		N/A PC Service expansion to girls of color and growth into the Inland Empire 25,000

COMMUNITY INITIATIVES

1000 BROADWAY STE 480
OAKLAND,CA94607 		N/A PC PRE-HEALTH DREAMERS: GENERAL PURPOSE GRANT TO MAINAIN 2023 SERVICE DELIVERY LEVELS 25,000

DIGITAL NEST INC

1961 MAIN ST
WATSONVILLE,CA95076 		N/A PC General & Unrestricted 25,000

EAST PALO ALTO ACADEMY FOUNDATION

PO BOX 50803
PALO ALTO,CA94303 		N/A PC to purchase Art Studio Supplies for East Palo Alto Academy Foundation 500

EAST PALO ALTO TENNIS AND TUTORING

PO BOX 60597
PALO ALTO,CA94306 		N/A PC General & Unrestricted 25,000

El Granada Elementary

400 SANTIAGO ST
Half Moon Bay,CA94019 		N/A GOV Fall 2024 Mural Project 1,500

HOLTZS HEROES FOUNDATION INC

9630 CLAYMOUNT LN
FISHERS,IN46037 		N/A PC General & Unrestricted 250

IMMIGRATION PROJECT INC

2039 KALA BAGAI WAY AVE 500
BERKELEY,CA94704 		N/A PC Mobile Pathways/Hola Asistente 25,000

IMPROVE YOUR TOMORROW

1901 ROYAL OAKS BLVD
SACRAMENTO,CA95815 		N/A PC Central Valley staff salaries fund 25,000

KIND INC

PO BOX 27839
WASHINGTON,DC20038 		N/A PC Staff Attorney position support at the Central Valley office 50,000

KQED INC

2601 MARIPOSA ST
SAN FRANCISCO,CA94110 		N/A PC General & Unrestricted 75,000

LUCILE PACKARD FOUNDATION FOR CHILDRENS HEALTH

400 HAMILTON AVE SUITE 340
PALO ALTO,CA94301 		N/A PC Mobile Clinic Program via 2024 Summer Scamper 40,000

MAGNOLIA GLOBAL ACADEMY FOR LEADERS-MGAL

1410 NEOTOMAS AVE STE 200
SANTA ROSA,CA95405 		N/A PC Support Launch into Six Middle Schools in West Sonoma county 25,000

METHOW CONSERVANCY

PO BOX 71
WINTHROP,WA98862 		N/A PC Match to the Campaign for Southern M Ranch 750

MILTON ACADEMY

151 MOUNTAIN SCHOOL RD
VERSHIRE,VT05079 		N/A PC General & Unrestricted 200

MINDFUL LIFE PROJECT

1001 CANAL BLVD STE A-0
RICHMOND,CA94804 		N/A PC Expansion in the Central Valley 25,000

MUTTVILLE

255 ALABAMA ST
SAN FRANCISCO,CA94103 		N/A PC General & Unrestricted 300

PTA CALIFORNIA CONGRESS OF PARENTS TEACHERS & STUD

750 DARTMOUTH AVE
SAN CARLOS,CA94070 		N/A PC Tierra Linda Middle School Jazz Band Synthesizer Cart & Custom Bass Drum 500

PUENTE DE LA COSTA SUR

620 NORTH ST
PESCADERO,CA94060 		N/A PC Stipends for Youth Program Participants 25,000

REDWOOD DAY SCHOOL

3245 SHEFFIELD AVE
OAKLAND,CA94602 		N/A PC General & Unrestricted 3,000

RESOURCE AREA FOR TEACHING

1355 RIDDER PARK DR
SAN JOSE,CA95131 		N/A PC STEAM Education for 100 TK-3 students 25,000

RussoMcEntee Academy

2851 GAY AVE
San Jose,CA95127 		N/A GOV Reinforcing fine motor skills and creativity through arts and crafts for students with autism 500

RussoMcEntee Academy

2851 GAY AVE
San Jose,CA95127 		N/A GOV Insect Investigations 500

SAN FRANCISCO FORTY NINERS FOUNDATION

4949 MARIE P DEBARTOLO WAY
SANTA CLARA,CA95054 		N/A PC General & Unrestricted 25,000

SANDY HOOK PROMISE FOUNDATION

PO BOX 3489
NEWTOWN,CT06470 		N/A PC Expansion of "See Something, Say Something" in Central CA 25,000

SECOND HARVEST OF SILICON VALLEY

4001 N 1ST ST
SAN JOSE,CA95134 		N/A PC General & Unrestricted 50,000

SHINE TOGETHER INC

508 VALLEY WAY
MILPITAS,CA95035 		N/A PC Central Valley Parent Advocate Salaries and Program Education & Marketing Materials 25,000

SOCCER WITHOUT BORDERS

3700 EASTERN AVE
BALTIMORE,MD21224 		N/A PC Girls Soccer League Activity 25,000

UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION

1995 UNIVERSITY AVE STE 400
BERKELEY,CA94704 		N/A PC General Purpose Grant for the Berkeley Basic Needs Fund 200,000

UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION

501 CANAL BLVD STE E LOCKBOX 45339
RICHMOND,CA94804 		N/A PC Westly Foundation Endowed Scholarship Fund 25,000

UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION

501 CANAL BLVD STE E LOCKBOX 45339
RICHMOND,CA94804 		N/A PC Doctors Academy: Teacher & Student Stipends 25,000

UNIVERSITY OF NOTRE DAME

OFC OF RESEARCH
NOTRE DAME,IN46556 		N/A PC General & Unrestricted 1,000

VISION TO LEARN

12100 WILSHIRE BLVD STE 1275
LOS ANGELES,CA90025 		N/A PC Service Expansion in Riverside County or Central Valley 25,000

Federation of American Scientists

1112 16th Street NW Suite 600
Washington,DC20036 		none NC GRAND PRIZE WINNER 5,000

Mercy Oladipo

7554 W Bryn Mawr Ave
Chicago,IL60631 		none I GRAND PRIZE WINNER 20,000

Ijeoma Uche

1517 H St APT 435
Sacramento,CA95814 		none I GRAND PRIZE WINNER 20,000

Scott Hickmann

225 Oak Park Drive
San Francisco,CA94131 		none I Grand Prize Winner 20,000

Jason Lin

735 greenview pl
los altos,CA94024 		none I GRAND PRIZE WINNER 20,000

Arpad Kovesdy

5211 Pacific Concourse Dr
APT 1221
LOS ANGELES,CA90045 		none I GRAND PRIZE WINNER 20,000

Mateo Abascal

639 South Spring Street
Apt 6A
Los Angeles,CA90014 		none I GRAND PRIZE WINNER 20,000

The Youth Power Project

9802 Patrice Drive
Apt 6A
Austin,TX78750 		none NC GRAND PRIZE WINNER 5,000

Brain Exercise Initiative

4985 Maynard St
Apt 6A
San Diego,CA92122 		none NC GRAND PRIZE WINNER 5,000

Trojan Awareness Combatting Overdose (TACO) Inc

20 Lower Lake Road
Lake Sherwood,CA91361 		none NC GRAND PRIZE WINNER 5,000

Wave Learning Festival

370 Edlee Ave
Palo Alto,CA94306 		none NC GRAND PRIZE WINNER 5,000
Total .................................right arrow 3a 1,158,600
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 4,880  
4 Dividends and interest from securities ....     14 62,966  
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 ............ 		    18 178,390  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 -35,964 14 36,106  
bFederal Tax Refund     01 6,049  
cCLASS ACTION LAWSUIT PROCEEDS     01 1,270  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -35,964 289,661  
13Total. Add line 12, columns (b), (d), and (e)..................
13
253,697
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

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

TY 2024 DepreciationSchedule
Name:
Westly Foundation
EIN:
94-3368338
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 GeneralExplanationAttachment
Name:
Westly Foundation
EIN:
94-3368338
Identifier Return Reference Explanation
Form 990-PF Form 990-PF One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in Part I but not provided sufficient back-up information to allow the Foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

TY 2024 InvestmentsCorpBondsSchedule
Name:
Westly Foundation
EIN:
94-3368338
Name of Bond End of Year Book Value End of Year Fair Market Value
APPLE INC - 1.125% - 05/11/202 20,395 21,725
EUROPEAN INVT BK 144A NOTE - 3 54,386 53,169
IBRD - 2.500% - 11/22/2027 37,614 37,038
INTER-AMERICAN DEVELOPMENT BAN 7,652 7,994
INTERNATIONAL BK - 0.375% - 07 59,482 63,534
INTERNATIONAL BK - 1.625% - 11 98,597 95,121
INTERNATIONAL BK FORRECON&DEV 36,939 36,626
INTERNATIONAL BK FORRECON&DEV 59,000 61,647
INTERNTNL BK F - 1.125% - 09/1 66,216 66,498
MORGAN STANLEY - 3.950% - 04/2 10,681 10,778
NEW YORK NEW Y C - 1.890% - 05 39,279 41,220
PNC FINL - 5.354% - 12/02/2028 22,377 22,311
ROYAL BANK OF CANADA - 4.650% 21,130 18,974
VIRGINIA ST HSG - 1.600% - 03/ 25,811 24,880

TY 2024 InvestmentsCorpStockSchedule
Name:
Westly Foundation
EIN:
94-3368338
Name of Stock End of Year Book Value End of Year Fair Market Value
ACCENTURE PLC 4,687 14,072
ADOBE SYSTEMS, INC 12,343 11,117
ALPHABET INC CL A 19,002 30,288
AMAZON COM 79,440 197,450
APPLE INC 41,237 162,772
BECTON DICKINSON & CO 3,539 6,806
BERKSHIRE HATHAWAY INC. CLASS 46,338 73,885
BIOGEN INC 6,762 4,588
C H ROBINSON WORLDWIDE INC 7,181 9,815
CISCO SYSTEMS INC 2,627 6,394
COGNIZANT TECHNOLOGY SOLUTIONS 2,657 6,383
COLGATE-PALMOLIVE COMPANY 3,532 4,091
GEN DYNAMICS CP 7,056 12,911
HOME DEPOT INC 13,735 19,450
INT'L FLAVORS & FRAGRANCES INC 8,912 7,187
INVESCO QQQ TRUST 187,314 644,472
JOHNSON & JOHNSON 15,872 15,764
MEDTRONIC PLC 18,438 18,053
MICROSOFT CORP 35,506 95,259
NIKE INC-CL B 6,815 7,718
NOVO NORDISK A S 3,241 13,247
ORACLE CORP 5,680 30,162
PROCTER GAMBLE CO 2,856 5,868
RAYTHEON TECHNOLOGIES CORP 11,309 22,565
RECKITT BENCKISER GROUP 5,227 4,003
ROCHE HOLDING LTD ADR 11,928 10,464
STARBUCKS CORP COM 7,163 9,673
UNILEVER PLC AMER 18,679 19,902
VANGUARD TOTAL STOCK MARKET ET 1,281,270 2,035,045
VISA INC 10,813 15,486
WAL-MART STORES INC 3,524 16,263
WALT DISNEY HOLDINGS CO 26,557 24,274

TY 2024 InvestmentsOtherSchedule2
Name:
Westly Foundation
EIN:
94-3368338
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BREVET DIRECT LENDING - SHORT     75,436
CAPROCK BREP VI, LLC   19,439 6,754
COLUMBIA PACIFIC 2016 ACQUISIT   172,574  
GREENBACKER RENEWABLE ENERGY C   339,800 391,793
KAIROS CREDIT STRATEGIES REIT,   99,479 99,808
KIMPACT EVERGREEN R E INV FD,     258,260
NORTHGATE IV, LP   40,584 24,740
OAKTREE PRIVATE INVESTMENT FUN   225,244 238,992
TCG PRIVATE SELECT PARTNERS LP   267,854 668,137
TCG PRIVATE SELECT PTNRS III,   183,439 278,494
TRILINC GLOBAL IMPACT FUND, LL   167,341 108,523

TY 2024 OtherExpensesSchedule
Name:
Westly Foundation
EIN:
94-3368338
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 46,552     46,552
Bank Charges 47 47    
Indemnification Insurance 1,163     1,163
K-1 Exp CAPITAL ROYALTY PARTNE 2,012 2,012    
K-1 Exp CAPROCK BREP VI, LLC 1,297 1,297    
K-1 Exp COLUMBIA PACIFIC 2016 2,184 2,180    
K-1 Exp GREENBACKER RENEWABLE 959 959    
K-1 Exp KIMPACT EVERGREEN R E 1,494 1,488    
K-1 Exp NORTHGATE IV, LP 955 950    
K-1 Exp OAKTREE PRIVATE INVEST 3,329 3,329    
K-1 Exp RAINETH HOUSING FUND I 12,573 11,983    
K-1 Exp TCG PRIVATE SELECT PAR 8,831 8,698    
K-1 Exp TCG PRIVATE SELECT PTN 9,429 9,385    
K-1 Exp UNION BAY CAPITAL PART 354 354    
Payroll Processing Fees 1,559     1,559
State or Local Filing Fees 70     70


TY 2024 OtherIncomeSchedule2
Name:
Westly Foundation
EIN:
94-3368338
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss CAPITAL ROYALTY PARTNERS II (CAYMAN) 2 2  
K-1 Inc/Loss CAPROCK BREP VI, LLC 28 -78  
K-1 Inc/Loss COLUMBIA PACIFIC 2016 ACQUISITION II -19,735 2,295  
K-1 Inc/Loss GREENBACKER RENEWABLE ENERGY CORP 9 9  
K-1 Inc/Loss KIMPACT EVERGREEN R E INV FD, LP -13,086 1,708  
K-1 Inc/Loss NORTHGATE IV, LP 881 784  
K-1 Inc/Loss OAKTREE PRIVATE INVESTMENT FUND 2012 19,361 19,361  
K-1 Inc/Loss SCP REAL ASSETS FND (A) LP 288 288  
K-1 Inc/Loss TCG PRIVATE SELECT PARTNERS LP 3,763 2,957  
K-1 Inc/Loss TCG PRIVATE SELECT PTNRS III, LP 1,336 1,485  
K-1 Inc/Loss TRILINC GLOBAL IMPACT FUND, LLC 7,203 7,203  
K-1 Inc/Loss UNION BAY CAPITAL PARTNERS I, LLC 92 92  
Class Action Lawsuit Proceeds 1,270 1,270  
Federal Tax Refund 6,049    


TY 2024 OtherProfessionalFeesSchedule
Name:
Westly Foundation
EIN:
94-3368338
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 7,371 7,371    
WESTLY PRIZE ADMIN. SERVICES 12,870     12,870
Website Development 2,833     2,833


TY 2024 TaxesSchedule
Name:
Westly Foundation
EIN:
94-3368338
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 2,900      
Foreign Tax Paid 331 331