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
WALENTAS FOUNDATION LTD
 
Number and street (or P.O. box number if mail is not delivered to street address)1240 MEADOW LANE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SOUTHAMPTON, NY11968
A Employer identification number

45-5331864
B Telephone number (see instructions)

(718) 222-2500
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$0J 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) 3,440,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
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).......      
12 Total. Add lines 1 through 11........ 3,440,000 0  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 48,456 0   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,800 0   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
3,580 0   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,430 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 735,000 0   0
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
116,442 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 913,708 0   0
25 Contributions, gifts, grants paid....... 2,526,292 2,526,292
26 Total expenses and disbursements. Add lines 24 and 25 3,440,000 0   2,526,292
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 0
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 0 0 0
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 0 0
30 Total liabilities and net assets/fund balances (see instructions). 0 0
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
0
2
Enter amount from Part I, line 27a .....................
2
0
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
0
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
0
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
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 0
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 0
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 0
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 0
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 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
 
No
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNY
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
 
 
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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowDAVID C WALENTAS Telephone no.right arrow (718) 407-5109

Located atright arrow1240 MEADOW LANESOUTHAMPTONNY ZIP+4right arrow11968
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)
Yes
 
(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
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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
DAVID C WALENTAS PRESIDENT
5.00 		0 0 0
1240 MEADOW LANE
SOUTHAMPTON,NY11968
JED WALENTAS VICE PRESIDENT
5.00 		0 0 0
45 MAIN STREET 12TH FLOOR
BROOKLYN,NY11201
DAVID C WALENTAS TREASURER
0.00 		0 0 0
1240 MEADOW LANE
SOUTHAMPTON,NY11968
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
0
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
0
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
0
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
0
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
0
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
0
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
0
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
0
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
0
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
0
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
0
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
2,526,292
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,526,292
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 0
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 1,525,082
b From 2020...... 1,132,225
c From 2021...... 2,626,931
d From 2022...... 3,953,200
e From 2023...... 3,088,596
f Total of lines 3a through e ........ 12,326,034
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,526,292
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..... 0
e Remaining amount distributed out of corpus 2,526,292
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 14,852,326
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		1,525,082
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		13,327,244
10 Analysis of line 9:
a Excess from 2020.... 1,132,225
b Excess from 2021.... 2,626,931
c Excess from 2022.... 3,953,200
d Excess from 2023.... 3,088,596
e Excess from 2024.... 2,526,292
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
DAVID C WALENTAS
1240 MEADOW LANE
SOUTHAMPTON,NY11968
(718) 222-2500
bThe form in which applications should be submitted and information and materials they should include:
TYPED, DETAILED ANALYSIS OF PROPOSED USE OF CONTRIBUTION, ANALYSIS OF HISTORIC USE OF CONTRIBUTIONS AND A DETAILED HISTORY OF CHARITABLE ORGANIZATION.
cAny submission deadlines:
CURRENT YEAR CONTRIBUTION APPLICATION MUST BE RECIEVED BY FEBRUARY 28TH
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
QUALIFIED 501(C)(3) ORGANIZATION
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

BROOKLYN CHILDRENS MUSEUM

145 BROOKLYN AVE
BROOKLYN,NY11213 		    ARTS AND CULTURE 15,000

CAUSE LAB LLC

500 EAST 77TH 1608
NEW YORK,NY10162 		    COMMUNITY / CIVIC 20,000

CHASHAMA INC

675 3RD AVE
NEW YORK,NY10017 		    ARTS AND CULTURE 5,000

CHILDHOOD LEUKEMIA FOUNDATION INC

807 MANTOLOKING ROAD
BRICK,NJ08723 		    COMMUNITIES / CIVIC 5,000

CITYARTS INC

77 BLEEKER STREET C2-18
NEW YORK,NY10012 		    ARTS AND CULTURE 5,000

CIVICS NEWS COMPANY

450 7TH AVENUE 32ND FLOOR
NEW YORK,NY10123 		    COMMUNITY / CIVIC 10,000

COLT COEUR ADRIENNE CAMPBELL-HOLT

20 JAY STREET SUITE 208
BROOKLYN,NY11201 		    ARTS AND CULTURE 25,000

COMMITTEE FOR HISPANIC CHILDREN & FAMILIE

75 BROAD STREET
NEW YORK,NY10004 		    COMMUNITY / CIVIC 10,000

COUNSELING IN SCHOOLS INC

505 EIGHTH AVENUE SUITE 12A-06
NEW YORK,NY10018 		    COMMUNITY / CIVIC 35,000

CREATIVE MORNINGS INC

47 BERGEN STREET
BROOKLYN,NY11201 		    COMMUNITY / CIVIC 5,000
DIANNA ROSE


137-42 223 STREET
LAURELTON,NY11413 		  I COMMUNITY / CIVIC 1,708

DOWNTOWN BROOKLYN ARTS ALLIANCE INC

275 PARK AVE STE A
BROOKLYN,NY11205 		    COMMUNITY / CIVIC 5,000

EVERGREEN INC

2 KINGSLAND AVENUE
BROOKLYN,NY11211 		    SCHOOLS 3,000
FELICIA WILSON


1751 UNION STREET APT 2A
BROOKLYN,NY11213 		  I CIVIC PRIZE 1,200

FOOD EDUCATION FUND INC

PO BOX 2173
NEW YORK,NY10101 		    COMMUNITY / CIVIC 7,500

GOOD SHEPHERD SERVICES

305 SEVENTH AVENUE
NEW YORK,NY10001 		    COMMUNITY / CIVIC 30,000

JDRF

200 VESSEY STREET 28TH FLOOR
NEW YORK,NY10281 		    COMMUNITY / CIVIC 10,000

JENNIFER PACKER

1904 S 5TH STREET
PHILADELPHIA,PA19148 		    COMMUNITY / CIVIC 500

JOHNS HOPKINS UNIVERSITY

500 W 3400 NORTH CHARLES STREET
BALTIMORE,MD21211 		    EDUCATION 10,000
KAREN BLONDEL


444 COLUMBIA STREET 1B
BROOKLYN,NY11231 		  I COMMUNITY / CIVIC 100,000

NEW YORKERS FOR PARKS

55 BROAD STREET
NEW YORK,NY10004 		    PARKS 5,000

NORTH BROOKLYN ANGELS

127 KENT STREET
BROOKLYN,NY11222 		    COMMUNITY / CIVIC 8,000

NORTH BROOKLYN NEIGHBORS

240 KENT AVENUE
BROOKLYN,NY11249 		    COMMUNITY / CIVIC 10,000

NORTH BROOKLYN PARKS ALLIANCE

86 KENT AVE
BROOKLYN,NY11249 		    COMMUNITY / CIVIC 25,000

ONE COMMUNITY

13 GREENE AVENUE
BROOKLYN,NY11238 		    COMMUNITY / CIVIC 1,000

OUTFRONT MEDIA LLC

PO BOX 33074
NEWARK,NJ07188 		    COMMUNITY / CIVIC 41,200

PARENTS & TEACHERS ASSOCIATION OF PS 38

37 HICKS STREET
BROOKLYN,NY11201 		    SCHOOLS 20,000

PHONG BUI

95 COMMERCIAL STREET SUITE 2A
BROOKLYN,NY11222 		    COMMUNITY / CIVIC 500

RISEBORO COMMUNITY PARTNERSHIP

565 BUSHWICK AVENUE
BROOKLYN,NY11206 		    COMMUNITY / CIVIC 15,000

SMACK MELLO STUDIO INC

92 PLYMOTH STREET
BROOKLYN,NY11201 		    COMMUNITY / CIVIC 2,000

STREB INC

51 NORTH 1ST STREET
NEW YORK,NY11211 		    COMMUNITY / CIVIC 5,000

SUNSET SPARK INC

PO BOX 320145
BROOKLYN,NY11232 		    COMMUNITY / CIVIC 20,000
TALIA N SCOTT


311 WEST 111TH STREET APT 2D
NEW YORK,NY10026 		  I COMMUNITY / CIVIC 100,000

TARGET ALS FOUNDATION INC

PO BOX 1598
NEW YORK,NY10101 		    COMMUNITY / CIVIC 505,000

THE ABNY FOUNDATION

825 8TH AVE FL 35
NEW YORK CITY,NY10019 		    COMMUNITY / CIVIC 5,000

THE CHINATI FOUNDATION

1 CALVARY ROW
MARFA,TX79843 		    COMMUNITY / CIVIC 10,000

THE FUND FOR PUBLIC SCHOOLS INC

52 CHAMBERS STREET
NEW YORK,NY10007 		    EDUCATION 10,000

THE GREEN-WOOD HISTORIC FUND

500 25TH STREET
BROOKLYN,NY11232 		    COMMUNITY / CIVIC 20,000

THE LEUKEMIA & LYMPHOMA SOCIETY

PO BOX 22468
NEW YORK,NY10087 		    HOSPITALS 1,000

THE LOWER EASTSIDE GIRLS CLUB OF NY

101 AVENUE D
NEW YORK,NY10009 		    COMMUNITY / CIVIC 25,000

THE NEIGHBORHOOD AN URBAN CENTER

54 8TH AVENUE
BROOKLYN,NY11231 		    COMMUNITY / CIVIC 5,000

TRINITY SCHOOL

139 WEST 91ST STREET
NEW YORK,NY10024 		    EDUCATION 10,000

TRUSTEES OF PHILLIPS ACADEMY

180 MAIN STREET
ANDOVER,MA01810 		    UNIVERSITY 15,000

TRUSTEES OF THE UNIVERSITY OF PENN

235 SOUTH 33RD STREET
PHILADELPHIA,PA19104 		    UNIVERSITY 25,000

UNITED COMMUNITY SCHOOLS INC

52 BROADWAY
NEW YORK,NY10004 		    SCHOOLS 10,000

UNITY PREPARATORY CHARTER SCHOOL OF BROOKLYN

432 MONROE STREET 3RD FL
BROOKLYN,NY11221 		    SCHOOLS 25,000

VISUALS BY JANICK LLC

180 PEARSALL DRIVE APT 4E
MOUNT VERNON,NY10552 		    COMMUNITY / CIVIC 4,000

WATERFRONT ALLIANCE

217 WATER STREET 300
NEW YORK,NY10038 		    COMMUNITY / CIVIC 7,500

WORLD JEWISH CONGRESS AMERICAN SECTION

501 MADISON AVENUE
NEW YORK,NY10022 		    COMMUNITY / CIVIC 25,000
ADRIAN CEPEDA


34-06 73RD STREET STE 1A
JACKSON HEIGHTS,NY11372 		  I COMMUNITY / CIVIC 25,000

ALLIED PRINTING SERVICES INC

ONE ALLIED WAY PO BOX 850
MANCHESTER,CT06045 		    COMMUNITY / CIVIC 19,059
AMY SMITH-STUART


28 CROTON LAKE RD
KATONAH,NY10536 		  I COMMUNITY / CIVIC 350
ANDREW GARDNER


504 GRAND STREET D41
NEW YORK,NY10002 		  I COMMUNITY / CIVIC 250
ANDREW SAWYER


1050 PARK PLA 1A
BROOKLYN,NY11213 		  I COMMUNITY / CIVIC 200
ANDREW WOOLBRIGHT


919 LAFAYETTE AVE UNIT 1
BROOKLYN,NY11221 		  I COMMUNITY / CIVIC 2,500

ANIMAL HAVEN

200 CENTRE ST
NEW YORK,NY10013 		    COMMUNITY / CIVIC 6,000
ARVIND SOOKNANAN


2918 KINGSLAND AVENUE
BRONX,NY10469 		  I COMMUNITY / CIVIC 15,000

CITY LORE INC

56 E 1ST STREET
NEW YORK,NY10003 		    COMMUNITY / CIVIC 10,000

COMMUNITY ROOTS CHARTER SCHOOL

51 SAINT EDWARDS ST 3RD FL
BROOKLYN,NY11205 		    COMMUNITY / CIVIC 15,000
DANIEL MING


75 W 119TH ST APT3
NEW YORK,NY10026 		  I COMMUNITY / CIVIC 3,750
DESSANE ANDELAIN-LOPEZ CASSELL


833 MONROE STREET 3N
BROOKLYN,NY11221 		  I COMMUNITY / CIVIC 200
DIANA IMBERT


607 STANDISH ROAD
TEANECK,NJ07666 		  I COMMUNITY / CIVIC 100,000
DIANA MARIE ADAMS


466 8TH STREET APT 1
BROOKLYN,NY11215 		  I COMMUNITY / CIVIC 25,000
DONGHEE EIM


478 SMITH STREET 2A
BROOKLYN,NY11231 		  I COMMUNITY / CIVIC 6,500

DUMBO DISTRICT MANAGEMENT ASSOCIATION INC

20 JAY STREET SUITE 510
BROOKLYN,NY11201 		    COMMUNITY / CIVIC 5,000

DUMBO IMPROVEMENT DISTRICT

20 JAY STREET SUITE 510
BROOKLYN,NY11201 		    COMMUNITY / CIVIC 5,000
EBONY ROBINSON


166 PULASKI STREET 1A
BROOKLYN,NY11206 		  I COMMUNITY / CIVIC 500
ELIZABETH BUHE


3101 VERNON BLVD 606
ASTORIA,NY11106 		  I COMMUNITY / CIVIC 200
ELLEN ALTFEST


240 E 79TH STREET
NEW YORK,NY10075 		  I COMMUNITY / CIVIC 700
ERIKA L BOLL


125 COURT STREET 7SL
BROOKLYN,NY11201 		  I COMMUNITY / CIVIC 3,056
ERIOLA PIRA


8805 3RD AVENUE D3
BROOKLYN,NY11209 		  I COMMUNITY / CIVIC 250

FINAL FIVE VOTING NYC INC

59 ENFIELD PLACE
STATEN ISLAND,NY10306 		    COMMUNITY / CIVIC 25,000
GEE WESLEY


618 4TH AVE APT 2R
BROOKLYN,NY11215 		  I COMMUNITY / CIVIC 200
GREGORY PURNELL


1943 BROADWAY STF 1
BROOKLYN,NY11207 		  I COMMUNITY / CIVIC 100,000

HABITAT FOR HUMANITY-NEW YORK INC

111 JOHN STREET SUITE 770
NEW YORK,NY10038 		    COMMUNITY / CIVIC 25,000
HEATHER HUBBS


573 GRAND STREET D1505
NEW YORK,NY10002 		  I COMMUNITY / CIVIC 250
IAN BENTLEY


205 WATER STREET APT 3F
BROOKLYN,NY11201 		  I COMMUNITY / CIVIC 400

INSTITUTE FOR NONPROFIT NEWS

8549 WILSHIRE BLVD 2294
BEVERLY HILLS,CA90211 		    COMMUNITY / CIVIC 5,000
JAYSON OVERBY JR


710 WEST 173RD ST APT 53
NEW YORK,NY10032 		  I COMMUNITY / CIVIC 250
JIYE SON


251 W 117TH ST APT 13B
NEW YORK,NY10031 		  I COMMUNITY / CIVIC 25,000
JONATHAN RIDER


88 HORATIO STREET APT4A
NEW YORK,NY10014 		  I COMMUNITY / CIVIC 250
JOSEPH FAN


423 OCEAN PARKWAY APT 1A
BROOKLYN,NY11218 		  I COMMUNITY / CIVIC 25,000
JUTHARAT PINYODOONYACHET


39-54 65TH PL
WOODSIDE,NY11377 		  I COMMUNITY / CIVIC 7,500

KELTIE FERRIS INC

282 DEKALB AVE
BROOKLYN,NY11205 		    COMMUNITY / CIVIC 500
KENDRA RUSSELL


16-57 SUMMERFIELD STREET B1
RIDGEWOOD,NY11385 		  I COMMUNITY / CIVIC 700
LINDSEY BERFOND


33 WEST END AVE APT 7E
NEW YORK,NY10023 		  I COMMUNITY / CIVIC 250

LITTLE RED HEN PRODUCTIONS

63 PEARL ST 306
BROOKLYN,NY11201 		    COMMUNITY / CIVIC 1,500

LIVE FROM THE BRONX LLC

749 EAST 133RD STREET
BRONX,NY10454 		    COMMUNITY / CIVIC 2,500
LOUIS BURY


230 W 79TH ST APT15N
NEW YORK,NY10024 		  I COMMUNITY / CIVIC 250
MARCELA GUERRERO


800 OCEAN PARKWAY APT 4D
BROOKLYN,NY11230 		  I COMMUNITY / CIVIC 200
MATTIE RAPOPORT KAHN


585 WEST END AVENUE 6F
NEW YORK,NY10024 		  I COMMUNITY / CIVIC 2,969
MEGHAN JEAN FINN


599 E 7TH ST 2R
BROOKLYN,NY11218 		  I COMMUNITY / CIVIC 100,000
MELANIE KRESS


5101 39TH AVENUE APT S12
SUNNYSIDE,NY11104 		  I COMMUNITY / CIVIC 200
MIJONGLEE DESIGN LLC


265 WEST 37TH STREET 17TH FL
NEW YORK,NY10018 		  I COMMUNITY / CIVIC 100,000
MILDRED VON PLATEN


244 GARFIELD PL APT 8
BROOKLYN,NY11215 		  I COMMUNITY / CIVIC 3,500
MINA PROJECTS LLC


1800 VINE ST
LOS ANGELES,CA90028 		  I COMMUNITY / CIVIC 200
MOMO TAKAHASHI


55-09 32ND AVE
WOODSIDE,NY11377 		  I COMMUNITY / CIVIC 350

MS 442 PARENT TEACHER ASSOCIATION INC

500 19TH ST
BROOKLYN,NY11215 		    COMMUNITY / CIVIC 5,000

NEW CITY PARKS INC

40 W 77TH STREET 3B
NEW YORK,NY10024 		    COMMUNITY / CIVIC 100,000

NEW YORK NARRATIVES LLC

2822 BRIGHTON 8TH ST APT B2
BROOKLYN,NY11235 		    COMMUNITY / CIVIC 25,000

OVERTON STUDIO INC

245 8TH AVENUE 202
NEW YORK,NY10011 		    COMMUNITY / CIVIC 500

PARTNERSHIP FOR NEW YORK CITY INC

ONE BATTERY PARK PLAZA 5TH FLOOR
NEW YORK,NY10004 		    COMMUNITY / CIVIC 25,000

PERUVIAN CIVIC CENTER OF NY

8008 135TH ST APT 410
BRIARWOOD,NY11435 		    COMMUNITY / CIVIC 5,000

PHILANTHROPY NEW YORK

320 E 43RD STREET
NEW YORK,NY10017 		    COMMUNITY / CIVIC 4,100
PORSHA VENABLE


2907 KINGSBRIDGE TERRAC APT 23B
BRONX,NY10463 		  I COMMUNITY / CIVIC 25,000

PS 172 PTA INC

825 4TH AVE
BROOKLYN,NY11232 		    COMMUNITY / CIVIC 15,000
ROSA CHANG


20 PINE STREET 3104
NEW YORK,NY10005 		  I COMMUNITY / CIVIC 25,000

S'COOL SOUNDS

111 2ND PLACE
BROOKLYN,NY11231 		    COMMUNITY / CIVIC 15,000

SOUTHSIDE UNITED HDFC - LOS SURES

434 S5TH STREET
BROOKLYN,NY11211 		    COMMUNITY / CIVIC 5,000

ST STANISLAUS KOSTKA CATHOLIC ACADEMY

12 NEWEL ST
BROOKLYN,NY11222 		    COMMUNITY / CIVIC 2,500

TEACHING MATTERS INC

475 RIVERSIDE DRIVE SUITE 1600
NEW YORK,NY10115 		    COMMUNITY / CIVIC 15,000

TECHNICAL ASSISTANCE COLLABORATIVE INC

15 COURT SQ 11TH FL
BOSTON,MA02108 		    COMMUNITY / CIVIC 10,000

THE IRONMAN FOUNDATION

3407 W DR MARTIN LUTHER KING JR
BLVDSUITE 100
TAMPA,FL33607 		    COMMUNITY / CIVIC 5,000

THE NEW SHUL

15 CHARLES ST STE 7H
NEW YORK,NY10014 		    COMMUNITY / CIVIC 100,000

THE TANK LTD

215 E 95TH ST APT 14E
NEW YORK,NY10128 		    COMMUNITY / CIVIC 100,000
VICTORIA LEE


343 GRAND STREET 3
NEW YORK,NY10002 		  I COMMUNITY / CIVIC 25,000

WORKS IN PROGRESS NYC

59 EAST 4TH STREET
NEW YORK,NY10003 		    COMMUNITY / CIVIC 4,600

YMCA OF GREATER NY

99 MESEROLE AVENUE
BROOKLYN,NY11222 		    COMMUNITY / CIVIC 60,000
YOLANDA JOHNSON


255 MONTAUK AVE 1
BROOKLYN,NY11208 		  I COMMUNITY / CIVIC 25,000
Total .................................right arrow 3a 2,526,292
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....          
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 ............ 		         
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 0 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
0
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
WALENTAS FOUNDATION LTD
 
Employer identification number

45-5331864
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
WALENTAS FOUNDATION LTD
  		Employer identification number
45-5331864
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
DAVID C WALENTAS
 
1240 MEADOW LANE
 
SOUTHAMPTON, NY11968

$ 3,440,000


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

$  


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

$  


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

$  


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

$  


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

$  


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

45-5331864
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
WALENTAS FOUNDATION LTD
  		Employer identification number

45-5331864
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
WALENTAS FOUNDATION LTD
EIN:
45-5331864
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 5,800 0   0

TY 2024 GeneralExplanationAttachment
Name:
WALENTAS FOUNDATION LTD
EIN:
45-5331864
Identifier Return Reference Explanation
  WALENTAS FOUNDATION LTD. FORM 990-PF 2024 THE FOUNDATION PAID ARMS LENGTH RENT OF $735,000 FOR SPACE USED BY QUALIFYING ARTISTS TO 20 JAY, LLC AN ENTITY WHICH THE FOUNDATION'S PRESIDENT DAVID C WALENTAS OWNS A CONTROLLING INTEREST. THE LEASE IS FOR THE TERM NOVEMBER 1, 2023 THROUGH AUGUST 31, 2028. RENT IS $630,000 PER ANNUM.

TY 2024 OtherExpensesSchedule
Name:
WALENTAS FOUNDATION LTD
EIN:
45-5331864
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATIVE EXPENSES 116,442 0   0


TY 2024 OtherProfessionalFeesSchedule
Name:
WALENTAS FOUNDATION LTD
EIN:
45-5331864
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES 3,580 0   0


TY 2024 SubstantialContributorsSch
Name:
WALENTAS FOUNDATION LTD
EIN:
45-5331864
Name Address
DAVID C WALENTAS C/O RSHILL-TWO TREES MGT45 MAIN ST
BROOKLYN,NY11201


TY 2024 TaxesSchedule
Name:
WALENTAS FOUNDATION LTD
EIN:
45-5331864
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 4,430 0   0