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
THE BOUSTAN CHARITABLE FOUNDATION
FKA THE MATTAR FOUNDATION FKA THE ARMONY
Number and street (or P.O. box number if mail is not delivered to street address)63 BEVERLY ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ARLINGTON, MA02474
A Employer identification number

87-4003533
B Telephone number (see instructions)

(415) 362-5990
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$132,276J 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) 4,503,856
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,179 2,179  
4 Dividends and interest from securities... 63,899 63,899  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -183
b Gross sales price for all assets on line 6a 4,096,488
7 Capital gain net income (from Part IV, line 2)... 1,058,210
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
3 3  
12 Total. Add lines 1 through 11........ 4,569,754 1,124,291  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
32,634 0   32,634
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
396,812 8,457   383,717
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
92,724 0   0
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
402 87   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 522,572 8,544   416,351
25 Contributions, gifts, grants paid....... 6,383,352 6,383,352
26 Total expenses and disbursements. Add lines 24 and 25 6,905,924 8,544   6,799,703
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,336,170
b Net investment income (if negative, enter -0-) 1,115,747
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............. 110,837 71,253 71,253
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) 2,092,758 0 0
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).......... 28,119 Click to see attachment
List of Attached Documents:
// Content
48,404 		0
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
380,099 		Click to see attachment
List of Attached Documents:
// Content
61,023 		Click to see attachment
List of Attached Documents:
// Content
61,023
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,611,813 180,680 132,276
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 2,611,813 180,680
29 Total net assets or fund balances (see instructions)..... 2,611,813 180,680
30 Total liabilities and net assets/fund balances (see instructions). 2,611,813 180,680
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
2,611,813
2
Enter amount from Part I, line 27a .....................
2
-2,336,170
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
275,643
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
94,963
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
180,680
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 US TSY NOTE P 2023-06-01 2024-01-03
b US TSY NOTE P 2023-11-03 2024-01-03
c US TSY NOTE P 2023-11-03 2024-02-13
d US TSY NOTE P 2023-11-03 2024-04-30
e ISHARES S&P 500 VAL ETF P 2012-12-31 2024-03-14
ISHARES S&P 500 VAL ETF P 2013-11-14 2024-03-14
ISHARES S&P 500 VAL ETF P 2015-03-11 2024-03-14
ISHARES S&P 500 VAL ETF P 2016-04-07 2024-03-14
ISHARES S&P 500 VAL ETF P 2016-04-29 2024-03-14
ISHARES S&P 500 VAL ETF P 2016-09-26 2024-03-14
ISHARES S&P 500 VAL ETF P 2016-09-28 2024-03-14
VANGUARD MID CAP VALUE ETF P 2020-03-27 2024-03-14
VANGUARD SM CAP VALUE ETF P 2020-03-27 2024-03-14
VANGUARD SM CAP VALUE ETF P 2020-03-27 2024-03-14
CRV XIX GP, LP P    
CRV XIX GP, LP P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 97,399   97,398 1
b 395,646   395,646 0
c 496,480   496,480 0
d 1,130,000   1,129,999 1
e 610,966   220,501 390,465
54,356   25,012 29,344
52,545   26,604 25,941
78,817   38,678 40,139
181,188   91,634 89,554
221,955   115,327 106,628
212,896   110,808 102,088
250,895   137,357 113,538
155,576   76,012 79,564
157,769   76,766 81,003
      48
      -104
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1
b       0
c       0
d       1
e       390,465
      29,344
      25,941
      40,139
      89,554
      106,628
      102,088
      113,538
      79,564
      81,003
      48
      -104
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,058,210
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 15,509
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 15,509
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 15,509
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 48,800
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 48,800
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 33,291
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow33,291 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMA
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 arrowN/A
14
The books are in care ofright arrowIZHAR ARMONY Telephone no.right arrow (415) 362-5990

Located atright arrow63 BEVERLY ROADARLINGTONMA ZIP+4right arrow02474
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)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
IZHAR ARMONY TRUSTEE
4.00 		0 0 0
63 BEVERLY ROAD
ARLINGTON,MA02474
NOAMIT ARMONY EREL TRUSTEE
4.00 		0 0 0
63 BEVERLY ROAD
ARLINGTON,MA02474
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
KHOULOUD AYUTI PROGRAM SERVICES 134,798
YOHANAN HASSANDLAR 6
BAT YAM   595952
IS
SHAY PERON PROGRAM SERVICES 64,286
HASAVION 10
ORANIT    
IS
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
1,297,699
b
Average of monthly cash balances.......................
1b
1,037,464
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
2,335,163
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
2,335,163
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
35,027
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,300,136
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
115,007
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
115,007
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
15,509
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
15,509
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
99,498
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
99,498
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
99,498
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
6,799,703
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
6,799,703
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 99,498
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......  
b From 2020......  
c From 2021......  
d From 2022...... 324,073
e From 2023...... 3,559,867
f Total of lines 3a through e ........ 3,883,940
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 6,799,703
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..... 99,498
e Remaining amount distributed out of corpus 6,700,205
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 10,584,145
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) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		10,584,145
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 324,073
d Excess from 2023.... 3,559,867
e Excess from 2024.... 6,700,205
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).)
IZHAR ARMONY
NOAMIT ARMONY EREL
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

PLACEIL

16 YAD HAMAAVIR ST
TEL AVIV    
IS 		  PC CORE GRANT FOR THE IMPLEMENTATION OF INTERNSHIP PROGRAM FOR UNDERREPRESENTED COMMUNITIES IN TECH. 100,000

CIVIC FORUM INSTITUTE

AL- FIRDOS STREET SHUFAT
JERUSALEM    
IS 		  PC GRANT FOR AN NGO WHICH SUPERVISES THE IMPLEMENTING THE ESTABLISHING AND OPEARTION OF A REGIONAL GOAT MILK PASTEURIZATION FACILIY. 24,530

THE PORTLAND TRUST

AZRIELI CENTER TRIANGULAR TOWER
35TH FLOOR132 MENAHEM BEGIN RD
TEL AVIV    
IS 		  PC A CORE GRANT FOR THE IMPLEMENTATION OF A TECH EMPLOYMENT PROGRAM FOR THE BEDWIN COMMUNITY IN THE NEGEV 100,000

KANAF GROUP

5 HAMEITAV ST APT 148
TEL AVIV JAFFA    
IS 		  PC GRANT FOR AN ISRAELI NGO PROMOTING AN EQUAL AND LIBERAL SOCIETY IN ISRAEL 106,940

SHAARE ZEDEK MEDICAL CENTER

POB 3235
JERUSALEM    
IS 		  NC PROVIDES FINANCIAL SUPPORT TO FUND SERVICES, CAPITAL PROJECTS, RESEARCH FOR SHAARE ZEDEK MEDICAL CENTER IN JERUSALEM 500,000

AJEEC NISPD

5 YEHUDA HANAHTOM ST
BEER SHEVA    
IS 		  PC GAP YEAR HEBREW COURSES FOR THE ARAB COMMUNITY. 100,000

AROUS ALBAHAR ORGANIZATION

PIER MANDESS FRANCE 19
TEL AVIV JAFFA    
IS 		  PC THE IMPLEMENTATION OF WOMEN'S TRAINING AND FINANCIAL EMPOWERMENT PROGRAM. 154,252

REICHMAN UNIVERSITY

8 HAUNIVERSITA STREET
HERZELIA    
IS 		  NC THE FUNDS WILL BE USED FOR THE AARON INSTITUTE AND WILL BE USED FOR THE IMPLEMENTATION OF THE ARAB SOCIETY RESEARCH CENTER. 99,723

HASOUB

ARARA HASOUB GARAGE
ARARA    
IS 		  PC CAPACITY BUILDING FOR HASOUB (COLLECTIVELY WITH ANY INCOME AND GAINS EARNED THEREON). 100,000

THE ACADEMIC COLLEGE OF TEL- AVIV JAFFA

REBUNA YERUHYAM ST
TEL AVIV JAFFA    
IS 		  PC FOR THE IMPLEMENTATION OF TERRA SANTA PROJECT AND AVINOAM ARMONI SCHOLLARSHIP 100,000

TIKTEK

KEHILAT VILNA 14
RAMAT HASHARON    
IS 		  PC FOR IMPLEMENTING JOINT ARAB AND JEWISH ONLINE TEACHING PROGRAM. 30,000

PEF ISRAEL ENDOWMENT FUNDS INC

630 THIRD AVENUE 15TH FLOOR
NEW YORK,NEW YORK10017
IS 		  PC TO SUPPORT EDUCATIONAL AND CULTURAL INITIATIVES WITHIN THE KIBBUTZ MOVEMENT, ALIGNING WITH THE BROADER OBJECTIVES OF THE KIBBUTZ MOVEMENT TO FOSTER A SHARED COMMUNITY AND CULTURAL IDENTITY. 250,000

AMAL-TIKVA

RIVKA ST 11 ENTRANCE B
JERUSALEM    
IS 		  PC TO SUPPORT FIELDBUILDING360, AMAL-TIKVA'S FLAGSHIP ORGANIZATIONAL DEVELOPMENT PROGRAM, AND THE BROADER FIELDBUILDING ECOSYSTEM, WHICH BOTH DESIGNED TO STRENGTHEN THE ISRAELI-PALESTINIAN PEACEBUILDING FIELD BY BUILDING THE INTERNAL CAPACITY OF PEACEBUILDING NGOS, FOSTERING STRATEGIC COORDINATION, PROMOTING COLLABORATIVE PARTNERSHIPS, AND ENSURING THE LONG-TERM SUSTAINABILITY AND SCALABILITY OF GRASSROOTS PEACE EFFORTS. 30,000

HABAYTA HOMEWARD

HASHLOSHA 2V
TEL AVIV    
IS 		  PC FOR IMPLEMENTING THE EDUCATIONAL PROGRAMS FOR THE SOUTHERN AND NORTHERN COMMUNITIES IN ISRAEL. 4,000,000

QUDRA- ARAB PHILANTHROPY NETWORK

PAUL VI 100 NAZARETH
NAZARETH    
IS 		  PC FOR IMPLEMENTING THE QUDRA PHILANTHROPIC NETWORK PROJECT AND STRATEGIC PLANNING. 100,000

KULANA JERUSALEM

EIN ROGEL 4
JERUSLAM    
IS 		  PC THE GRANT IS INTENDED FOR IMPLEMENTING SPOKEN JERUSALEMITE,THE PROGRAM'S ACTIVITIES IN 2025 AND WILL SERVE AS THE BASIS FOR ITS ADVANCEMENT. 100,000

BEITNA

1 KRUM EL SHARAKEPOB 2087
PKIIN    
IS 		  PC FOR IMPLEMENTING THE YOUTH MOVEMENT PROGRAM 100,580

ELBEIT

BAKA ELGARBIA
ELGARBIA    
IS 		  PC FOR IMPLEMENTING THE YOUTH MOVEMENT PROGRAM. 15,087

MANHIGUT EZRAHIT

SEADYA GAON 26
TEL AVIV YAFO    
IS 		  PC FOR IMPLEMENTING RESOURCE DEVELOPMENT TRAINING PROGRAM 10,058

EQUALIZER- SHAAR SHIVION

6 ITZHAK BEN ZVI
HOD HASHARON    
IS 		  PC FOR SHARED SOCIETY PROGRAMS. 90,000

AMANINA

UM EL-FAHEM
ISRAEL    
IS 		  PC FOR THE IMPLEMENTATION OF MUJTAMAEI BEITI 10,058

DESERT STAR

DESERT STARS CENTER
LAHAV DAROM    
IS 		  NC FOR THE IMPLEMENTATION OF ALUMNI PROGRAM 100,000

FAR BEYOND

RAUL VLENBERG 12
TELAVIV    
IS 		  PC THE PURPOSE OF THE GRANT IS TO PROVIDE SUPPORT FOR AN EDUCATIONAL PROGRAM ADMINISTERED BY THE ORGANIZATION, WHICH IS DESIGNED TO MITIGATE THE UNDER REPRESENTATION AND INSUFFICIENT MEDIA COVERAGE OF MINORITY GROUPS IN ISRAEL. 10,000

MATAN INVESTING IN THE COMMUNITY

ISRAEL
ISRAEL    
IS 		  PC INVEST IN COMMUNITY BY BRIDGING BETWEEN THE BUSINESS WORLD AND SOCIETAL NEEDS. 47,994

AZRIELI ACADEMY

JERUSLAM
JERUSLAM    
IS 		  NC TO MAKE HIGHER EDUCATION, CAREER TRAINING IN ENGINEERING, AND CULTIVATION OF YOUNG LEADERSHIP ACCESSIBLE TO OUR STUDENTS, OVER 50% OF WHOM ARE FIRST GENERATION IN ACADEMIA. 33,463

LAVI ASSOCIATES

JERUSLAM
JERUSLAM    
IS 		  NC FOR IMPLEMENTING ELBASHAYER PROGRAM THROUGH LAVI ASSOCIATION 53,910

AHAVAT HAGALIL

ISRAEL
ISRAEL    
IS 		  NC FOR RENOVATION OF A MUSIC CENTER AND PURCHASE OF EQUIPMENT FOR HERITAGE SITES. 16,757
Total .................................right arrow 3a 6,383,352
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 ........... 		    14 2,179  
4 Dividends and interest from securities ....     14 63,899  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 3  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -183  
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 65,898 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
65,898
(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


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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
THE BOUSTAN CHARITABLE FOUNDATION
FKA THE MATTAR FOUNDATION FKA THE ARMONY
Employer identification number

87-4003533
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
THE BOUSTAN CHARITABLE FOUNDATION
FKA THE MATTAR FOUNDATION FKA THE ARMONY 		Employer identification number
87-4003533
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
IZHAR ARMONY
63 BEVERLY ROAD
 
ARLINGTON, MA02474

$ 2,003,856


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
IZHAR ARMONY
63 BEVERLY ROAD
 
ARLINGTON, MA02474

$ 2,500,000


(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.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE BOUSTAN CHARITABLE FOUNDATION
FKA THE MATTAR FOUNDATION FKA THE ARMONY 		Employer identification number

87-4003533
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 7797 IVE SHARES $ 1,429,349 2024-03-13
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 1678 SHARES OF VOE $ 255,086 2024-03-13
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 1714 SHARES OF VBR $ 319,421 2024-03-13
(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
THE BOUSTAN CHARITABLE FOUNDATION
FKA THE MATTAR FOUNDATION FKA THE ARMONY 		Employer identification number

87-4003533
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


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TY 2024 ExpenditureResponsibilityStmt
Name:
THE BOUSTAN CHARITABLE FOUNDATION
 
FKA THE MATTAR FOUNDATION FKA THE ARMONY
EIN:
87-4003533
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
PLACE-IL
  		16 YAD HAMAAVIR ST
TEL AVIVJAFFA,ISRAEL  
IS 		2024-05-30 100,000 IMPLEMENTATION OF THE INTERNSHIP PROGRAM FOR UNDERREPRESENTED COMMUNITIES IN TECH.   NONE     THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON DEC 31, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
CIVIC FORUM INSTITUE
  		AL FIRDOS STREET 3- SHUFAT ROAD
JERUSLAM,ISRAEL  
IS 		2024-02-20 24,530 GRANT FOR THE OPERATION OF REGIONAL MILK PASTEURIZATION FACILITY.   NONE     THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON FEB 20, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
BEITNA
  		1 KRUM EL SHARAKEPOB 2087
PKIIN,ISRAEL  
IS 		2024-11-30 100,000 THE PURPOSE OF THE GRANT TO IMPLEMENT THE YOUTH MOVEMENT PROGRAM.   NONE     THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON NOV 30, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
ELBEIT
  		BAKA ELGARBIA
  ISRAEL  
IS 		2024-11-30 15,000 THE PURPOSE OF THE GRANT TO IMPLEMENT THE YOUTH TRAINING PROGRAM.   NONE     THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON NOV 30, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
MANHIGUT EZRAHIT
  		SEADYA GAON 26
TEL AVIV YAFO,ISRAEL  
IS 		2024-11-30 10,000 THE PURPOSR OF THE GRANT IS IMPLEMENTING RESOURCE DEVELOPMEMNT TRAINING PROGRAM.   NONE     THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON NOV 30, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
TIKTEK
  		KEHILAT VILNA 14
RAMAT HASHARON,ISRAEL  
IS 		2024-01-31 30,000 THE PURPOSE OF THE GRANT IS IMPLEEMNTING JOINT ARAB AND JEWISH ONLINE TEACHING PROGRAM.   NONE     THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON JAN 31, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
AJEEC NISPED
  		5 YEHUDA HANAHTOM ST
IS 		2024-01-14 100,000 GAP YEAR HEBREW COURSES FOR THE ARAB COMMUNITY         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON JAN 14, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
REICHMAN UNIVERSITY
  		8 UNIVERSITY ST
HERZELIA    
IS 		2024-11-30 100,000 FOR THE IMPLEMENTATION OF THE ARAB SOCIETY RESEARCH CENTER.         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON NOV 30, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
THE PORTLAND TRUST
  		AZRIELI CENTER TRIANGULAR TOWER
35TH FLOOR
TEL AVIV YAFO    
IS 		2024-10-30 100,000 FOR THE IMPLEMENTATION OF SCALE PROGRAM.         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON OCT 30, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
SHAARE ZEDEK MEDICAL CENTER
  		POB 3235
JERUSALEM    
IS 		2024-05-30 500,000 PROVIDES FINANCIAL SUPPORT TO FUND SERVICES, CAPITAL PROJECTS, RESEARCH FOR SHAARE ZEDEK MEDICAL         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON MAY 30, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
KANAF GROUP
  		5 HAMEITAV ST
TEL AVIV YAFO    
IS 		2024-05-30 111,578 GRANT FOR AN ISRAELI NGO PROMOTING AN EQUAL AND LIBERAL SOCIETY IN ISRAEL         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON MAY 30, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
ALBAYADER FOR SOCIO-ECONOMIC DEVELOPMENT LT
  		GAN HATASIA NAZARETH
NAZARETH    
IS 		2024-04-15 154,252 FOR THE IMPLEMENTATION OF THE EDUCATIONAL PROGRAM.         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON APRIL 15, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
HABAYTA HOMEWARD
  		HASHLOSHA 2
TEL AVIV YAFO    
IS 		2024-12-30 4,000,000 FOR IMPLEMENTING THE EDUCATIONAL PROGRAMS FOR THE SOUTHERN AND NORTHERN COMMUNITIES IN ISRAEL.         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON DEC 30, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
EQUALIZER- SHAAR SHIVION
  		6 ITZHAK BEN ZVI
HOD HASHARON    
IS 		2024-10-30 90,000 FOR IMPLEMENTING THE SHARED SOCIETY PROGRAM.         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON OCT 30, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
AMAL-TIKVA
  		RIVKA ST 11 ENTRANCE B
JERUSALEM    
IS 		2024-12-31 30,000 TO SUPPORT FIELDBUILDING360, AMAL-TIKVA'S FLAGSHIP ORGANIZATIONAL DEVELOPMENT PROGRAM, AND THE BROADER FIELDBUILDING ECOSYSTEM, WHICH BOTH DESIGNED TO STRENGTHEN THE ISRAELI-PALESTINIAN PEACEBUILDING FIELD BY BUILDING THE INTERNAL CAPACITY OF PEACEBUILDING NGOS, FOSTERING STRATEGIC COORDINATION, PROMOTING COLLABORATIVE PARTNERSHIPS, AND ENSURING THE LONG-TERM SUSTAINABILITY AND SCALABILITY OF GRASSROOTS PEACE EFFORTS.         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON DEC 31, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
HASOUB
  		ARARA HASOUB GARAGE
ARARA    
IS 		2024-01-15 100,000 FOR THE PROJECT : CAPACITY BUILDING FOR HASOUB.         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON JAN 15, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
QUDRA- ARAB PHILANTHROPY NETWORK
  		PAUL VI 100 NAZARETH
NAZARETH    
IS 		2024-09-16 100,000 FOR IMPLEMENTING THE QUDRA PHILANTHROPIC NETWORK PROJECT AND STRATEGIC PLANNING.         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON SEPT 09, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
THE ACADEMIC COLLEGE OF TEL- AVIV JAFFA
  		REBUNA YERUHYAM ST
TEL AVIV JAFFA    
IS 		2024-01-15 100,000 FOR THE IMPLEMENTATION OF TERRA SANTA PROJECT AND AVINOAM ARMONI SCHOLLARSHIP.         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON JAN 15, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
AMANINA
  		UM EL-FAHEM
IS 		2024-11-30 10,000 FOR THE IMPLEMENTATION OF MUJTAMAEI BEITI.         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON NOV 30, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
KULANA JERUSALEM
  		EIN ROGEL 4
JERUSLAM    
IS 		2024-12-31 100,000 THE GRANT IS INTENDED FOR IMPLEMENTING SPOKEN JERUSALEMITE,THE PROGRAM'S ACTIVITIES.         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON DEC 31, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
FAR BEYOND
  		RAUL VLENBERG 12
TEL AVIV JAFFA,ISRAEL  
IS 		2024-05-02 10,000 THE PURPOSE OF THE GRANT IS TO PROVIDE SUPPORT FOR AN EDUCATIONAL PROGRAM ADMINISTERED BY THE ORGANIZATION, WHICH IS DESIGNED TO MITIGATE THE UNDERREPRESENTATION AND INSUFFICIENT MEDIA COVERAGE OF MINORITY GROUPS IN ISRAEL.         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON DEC 31, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
AHAVAT HAGALIL
  		ISRAEL
ISRAEL,ISRAEL  
IS 		2024-12-31 16,757 THE PURPOSE OF THE GRANT IS TO PROVIDE SUPPORT FOR RENOVATION OF A MUSIC CENTER AND PURCHASE OF EQUIPMENT FOR HERITAGE SITES         THE FOUNDATION RECEIVED A GRANT REPORT FROM THE GRANTEE ON DEC 31, 2024.THE FOUNDATION HAS NOT INDEPENDENTLY VERIFIED THE REPORT BECAUSE IT DOES NOT HAVE ANY REASON TO DOUBT ITS ACCURACY OR RELIABILITY. TO THE KNOWLEDGE OF THE FOUNDATION,THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT

TY 2024 InvestmentsOtherSchedule2
Name:
THE BOUSTAN CHARITABLE FOUNDATION
 
FKA THE MATTAR FOUNDATION FKA THE ARMONY
EIN:
87-4003533
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CRV XIX GP, LP AT COST 36,299 0
CRV SELECT II GP, LP AT COST 12,105 0

TY 2024 LegalFeesSchedule
Name:
THE BOUSTAN CHARITABLE FOUNDATION
 
FKA THE MATTAR FOUNDATION FKA THE ARMONY
EIN:
87-4003533
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES 32,634 0   32,634


TY 2024 OtherAssetsSchedule
Name:
THE BOUSTAN CHARITABLE FOUNDATION
 
FKA THE MATTAR FOUNDATION FKA THE ARMONY
EIN:
87-4003533
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ILS SAVINGS DEPOSIT 380,099 61,023 61,023


TY 2024 OtherDecreasesSchedule
Name:
THE BOUSTAN CHARITABLE FOUNDATION
 
FKA THE MATTAR FOUNDATION FKA THE ARMONY
EIN:
87-4003533
Description Amount
FOREIGN CURRENCY ADJUSTMENT 94,963


TY 2024 OtherExpensesSchedule
Name:
THE BOUSTAN CHARITABLE FOUNDATION
 
FKA THE MATTAR FOUNDATION FKA THE ARMONY
EIN:
87-4003533
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT INTEREST EXP 11 11   0
OTHER PORTFOLIO DEDUCTION 76 76   0
OTHER EXP 169 0   0
WEB SITE EXP 146 0   0


TY 2024 OtherIncomeSchedule2
Name:
THE BOUSTAN CHARITABLE FOUNDATION
 
FKA THE MATTAR FOUNDATION FKA THE ARMONY
EIN:
87-4003533
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 FROM CRV XIX GP, LP 2 2 2
K-1 FROM CRV SELECT II GP,LP 1 1 1


TY 2024 OtherProfessionalFeesSchedule
Name:
THE BOUSTAN CHARITABLE FOUNDATION
 
FKA THE MATTAR FOUNDATION FKA THE ARMONY
EIN:
87-4003533
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTANCY EXP 216,417 0   216,417
TAX PREP FEES 16,915 8,457   8,458
RETREAT EXP 76,949 0   72,311
TRAINING EXP 803 0   803
RENT 2,755 0   2,755
TRAVEL EXP 31,351 0   31,351
EMPLOYEE SERVICE 51,622 0   51,622


TY 2024 TaxesSchedule
Name:
THE BOUSTAN CHARITABLE FOUNDATION
 
FKA THE MATTAR FOUNDATION FKA THE ARMONY
EIN:
87-4003533
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
IRS TAXES 91,759 0   0
MA TAXES 965 0   0