Spaht Family Foundation — Form 990PF, tax year 2024

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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
SPAHT FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)135 MAIN STREET 850
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAN FRANCISCO, CA94105
A Employer identification number

83-2183149
B Telephone number (see instructions)

(415) 361-5944
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$122,077,362J 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) 65,114,167
2 Check right arrow.............
3 Interest on savings and temporary cash investments 165,932 165,932  
4 Dividends and interest from securities... 2,021,395 2,021,395  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,965,685
b Gross sales price for all assets on line 6a 70,034,201
7 Capital gain net income (from Part IV, line 2)... 66,726,076
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
190,896 85,949  
12 Total. Add lines 1 through 11........ 69,458,075 68,999,352  
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
22,788 17,091   5,697
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
211,220 158,415   52,805
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
249,003 170,253   78,750
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,101,377 23,222   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
44,323 42,874   1,013
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,628,711 411,855   138,265
25 Contributions, gifts, grants paid....... 4,724,599 2,729,743
26 Total expenses and disbursements. Add lines 24 and 25 6,353,310 411,855   2,868,008
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 63,104,765
b Net investment income (if negative, enter -0-) 68,587,497
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......... 2,373,755 3,467,251 3,467,251
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)....... 20,610,749 Click to see attachment
List of Attached Documents:
// Content
68,334,171 		68,334,171
c Investments—corporate bonds (attach schedule)....... 8,405,920 Click to see attachment
List of Attached Documents:
// Content
28,572,790 		28,572,790
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).......... 18,256,642 Click to see attachment
List of Attached Documents:
// Content
21,660,963 		21,660,963
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
26,427 		Click to see attachment
List of Attached Documents:
// Content
42,187 		Click to see attachment
List of Attached Documents:
// Content
42,187
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 49,673,493 122,077,362 122,077,362
Liabilities 17 Accounts payable and accrued expenses.......... 77,382 140,330
18 Grants payable................. 3,319,431 5,314,286
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) Click to see attachment
List of Attached Documents:
// Content
94,753 		Click to see attachment
List of Attached Documents:
// Content
193,584
23 Total liabilities (add lines 17 through 22)......... 3,491,566 5,648,200
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........... 46,181,927 116,429,162
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 46,181,927 116,429,162
30 Total liabilities and net assets/fund balances (see instructions). 49,673,493 122,077,362
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
46,181,927
2
Enter amount from Part I, line 27a .....................
2
63,104,765
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
7,142,470
4
Add lines 1, 2, and 3 ..........................
4
116,429,162
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
116,429,162
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 GOLDMAN SACHS X1325 - PUBLICLY TRADED SECURITIES   2013-08-22 2024-12-31
b GOLDMAN SACHS X1416 - PUBLICLY TRADED SECURITIES   2023-01-25 2024-12-31
c GOLDMAN SACHS X1416 - PUBLICLY TRADED SECURITIES   2024-01-01 2024-12-31
d GOLDMAN SACHS X1416 - PUBLICLY TRADED SECURITIES   2023-01-25 2024-12-31
e THOMA BRAVO CREDIT FUND II FEEDER, L.P.   2024-01-01 2024-12-31
THOMA BRAVO CREDIT FUND II FEEDER, L.P.   2023-01-01 2024-12-31
THOMA BRAVO FUND XIII, L.P.   2024-01-01 2024-12-31
THOMA BRAVO FUND XIII, L.P.   2023-01-01 2024-12-31
THOMA BRAVO FUND XIV GLOBAL, L.P.   2024-01-01 2024-12-31
THOMA BRAVO FUND XIV, L.P.   2023-01-01 2024-12-31
THOMA BRAVO FUND XV-A GLOBAL, L.P.   2024-01-01 2024-12-31
THOMA BRAVO FUND XV-A, L.P.   2024-01-01 2024-12-31
(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 66,265,118   350,621 65,914,497
b 1,691,074   1,618,443 72,631
c 1,385,296   1,334,615 50,681
d 75,138     75,138
e     585 -585
7,063   3,861 3,202
2,702     2,702
299,783     299,783
81     81
305,068     305,068
130     130
2,748     2,748
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       65,914,497
b       72,631
c       50,681
d       75,138
e       -585
      3,202
      2,702
      299,783
      81
      305,068
      130
      2,748
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 66,726,076
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) 1 953,366
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........................... 3 953,366
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- ..... 5 953,366
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 967,695
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 992,695
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 39,329
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow39,329 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA, MN, AL, MA, RI, IA, NY
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. 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 arrowGOLDEN GATE ASSOCIATES Telephone no.right arrow (415) 361-5944

Located atright arrow135 MAIN STREET SUITE 850SAN FRANCISCOCA ZIP+4right arrow94105
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
HOLDEN SPAHT PRESIDENT
1.00 		0 0 0
135 MAIN STREET SUITE 850
SAN FRANCISCO,CA94105
CLAIRE SPAHT SECRETARY, TREASURER
1.00 		0 0 0
135 MAIN STREET SUITE 850
SAN FRANCISCO,CA94105
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
GOLDEN GATE ASSOCIATES ACCOUNTING 188,820
135 MAIN ST SUITE 850
SAN FRANCISCO,CA94105
GOLDMAN SACHS INVESTMENT MANAGEMENT 170,253
555 CALIFORNIA STREET 45TH FLOOR
SAN FRANCISCO,CA94104
KOYA LEADERSHIP PARTNERS CONSULTING 78,750
20 N WACKER DRIVE SUITE 622
CHICAGO,IL60606
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
65,246,214
b
Average of monthly cash balances.......................
1b
11,838,188
c
Fair market value of all other assets (see instructions)................
1c
21,660,963
d
Total (add lines 1a, b, and c).........................
1d
98,745,365
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
98,745,365
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,481,180
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
97,264,185
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,863,209
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
4,863,209
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
953,366
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
21,222
c
Add lines 2a and 2b............................
2c
974,588
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,888,621
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,888,621
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
3,888,621
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
2,868,008
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
2,868,008
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 3,888,621
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...... 1,476,083
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 1,476,083
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,868,008
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..... 2,868,008
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 1,020,613 1,020,613
(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 5 455,470
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 ...... 		455,470
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021.... 455,470
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
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).)
HOLDEN SPAHT
CLAIRE SPAHT
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:
HOLDEN AND CLAIRE SPAHT
135 MAIN STREET SUITE 850
SAN FRANCISCO,CA94105
(415) 361-5944
bThe form in which applications should be submitted and information and materials they should include:
LETTER FORM
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION DOES NOT INTEND TO MAKE GRANTS DIRECTLY TO INDIVIDUALS.
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

AMERICAN RED CROSS

431 18TH STREET NW
WASHINGTON,DC20006 		NONE PUBLIC CHARITIES GENERAL SUPPORT AFTER HURRICANES MILTON AND HELENE 10,000

ENVIRONMENTAL WORKING GROUP (EWG)

1250 I STREET NW SUITE 1000
WASHINGTON,DC20005 		NONE PUBLIC CHARITIES GENERAL SUPPORT 5,000

ENVIRONMENTAL WORKING GROUP (EWG)

1250 I STREET NW SUITE 1000
WASHINGTON,DC20005 		NONE PUBLIC CHARITIES GENERAL SUPPORT 61,360

HEADLANDS CENTER FOR THE ARTS

944 FORT BARRY
SAUSALITO,CA94965 		NONE PUBLIC CHARITIES GENERAL SUPPORT 5,000

SCHOOLS OF THE SACRED HEART

2222 BROADWAY
SAN FRANCISCO,CA94115 		NONE PUBLIC CHARITIES GENERAL SUPPORT 10,000

SFFILM

455 9TH ST
SAN FRANCISCO,CA94103 		NONE PUBLIC CHARITIES GENERAL SUPPORT 9,050

ST MARY THE VIRGIN

2325 UNION STREET
SAN FRANCISCO,CA94123 		NONE PUBLIC CHARITIES GENERAL SUPPORT 100,000

WASHINGTON AND LEE UNIVERSITY

204 W WASHINGTON STREET
LEXINGTON,VA244502116 		NONE PUBLIC CHARITIES W&L FUND FOR AREA OF GREATEST NEED 50,000

ACCESS INSTITUTE FOR PSYCHOLOGICAL SERVICES

110 GOUGH STREET SUITE 301
SAN FRANCISCO,CA94102 		NONE PUBLIC CHARITIES GENERAL SUPPORT 1,000

ARTISTS ASSOCIATION OF NANTUCKET

24 AMELIA DRIVE
NANTUCKET,MA02554 		NONE PUBLIC CHARITIES GENERAL SUPPORT 3,000

COMMUNITY INITIATIVES - NORTHERN SIERRA PARTNERSHIP

4338 25TH ST
SAN FRANCISCO,CA94114 		NONE PUBLIC CHARITIES GENERAL SUPPORT 100,000

DOCTORS OUTREACH

2100 WEBSTER ST 302
SAN FRANCISCO,CA94115 		NONE PUBLIC CHARITIES GENERAL SUPPORT 5,000

GOODNESS WEB FOUNDATION

PO BOX 5061
WAYLAND,MA01778 		NONE PUBLIC CHARITIES GENERAL SUPPORT 5,000

GERMAN INTERNATIONAL SCHOOL

1726 W BERTEAU AVE
CHICAGO,IL60613 		NONE PUBLIC CHARITIES GENERAL SUPPORT 2,000

MUSEUM OF MODERN ART

11 WEST 53 STREET
NEW YORK,NY10019 		NONE PUBLIC CHARITIES SUPPORT OF THE MODERN FUND 25,000

SAVE THE REDWOODS

111 SUTTER STREET 11TH FLOOR
SAN FRANCISCO,CA94104 		NONE PUBLIC CHARITIES SUPPORT THE REDWOOD LAND FUND 50,000

SPONSORS FOR EDUCATIONAL OPPORTUNITY

THREE EMBARCADERO CENTER PROMENADE
LEVEL SUITE P-1
SAN FRANCISCO,CA94111 		NONE PUBLIC CHARITIES SCHOLARS SF 2024 ACHIEVEMENT BENEFIT 25,000

SFFILM

455 9TH ST
SAN FRANCISCO,CA94103 		NONE PUBLIC CHARITIES GENERAL SUPPORT 25,000

WESTCHESTER MEDICAL CENTER FOUNDATION

100 WOODS ROAD TAYLOR PAVILLION
VALHALLA,NY10595 		NONE PUBLIC CHARITIES MARIA FARERI CHILDREN'S HOSPITAL 30,000

WHITNEY MUSEUM OF AMERICAN ART

99 GANSEVOORT STREET
NEW YORK,NY10014 		NONE PUBLIC CHARITIES GENERAL SUPPORT 10,000

NANTUCKET SUSTAINABLE DEVELOPMENT CORPORATION

PO BOX 1244
NANTUCKET,MA02554 		NONE PUBLIC CHARITIES GENERAL SUPPORT 10,000

NANTUCKET SUSTAINABLE DEVELOPMENT CORPORATION

PO BOX 1244
NANTUCKET,MA02554 		NONE PUBLIC CHARITIES STUDENT SCHOLARSHIP 5,000

SOUTHERN METHODIST UNIVERSITY

PO BOX 750402
DALLAS,TX752750402 		NONE PUBLIC CHARITIES THE CLAIRE MORRIS SPAHT CHAIR OF ART AND THE SPAHT FAMILY STUDENT IMMERSION FUND 250,000

DARTMOUTH COLLEGE

6066 DEVELOPMENT OFFICE
HANOVER,NH037554400 		NONE PUBLIC CHARITIES SPAHT FAMILY MENTAL HEALTH FUND 83,333

DARTMOUTH COLLEGE

6066 DEVELOPMENT OFFICE
HANOVER,NH037554400 		NONE PUBLIC CHARITIES DARTMOUTH COLLEGE FUND 75,000

DARTMOUTH COLLEGE

6066 DEVELOPMENT OFFICE
HANOVER,NH037554400 		NONE PUBLIC CHARITIES SPAHT FAMILY SENIOR ASSOCIATE DIRECTOR FOR PEAK PERFORMANCE 1,250,000

SCHOOLS OF THE SACRED HEART

2222 BROADWAY
SAN FRANCISCO,CA94115 		NONE PUBLIC CHARITIES SPAHT FAMILY ENDOWMENT FUND TO SUPPORT SCHOOL SPIRIT AND CAPITAL PROJECTS FUND 500,000

NANTUCKET GOLF CLUB FOUNDATION

250 MILESTONE ROAD
SIASCONSET,MA02564 		NONE PUBLIC CHARITIES NANTUCKET SCHOLAR 25,000
Total .................................right arrow 3a 2,729,743
bApproved for future payment

SOUTHERN METHODIST UNIVERSITY
PO BOX 750402
DALLAS,TX752750402 		NONE PUBLIC CHARITIES THE CLAIRE MORRIS SPAHT CHAIR OF ART AND THE SPAHT FAMILY STUDENT IMMERSION FUND 2,000,000

SOUTHERN METHODIST UNIVERSITY - PV DISCOUNT
PO BOX 750402
DALLAS,TX752750402 		NONE PUBLIC CHARITIES THE CLAIRE MORRIS SPAHT CHAIR OF ART AND THE SPAHT FAMILY STUDENT IMMERSION FUND -211,577

DARTMOUTH DP2
6066 DEVELOPMENT OFFICE
HANOVER,NH037554400 		NONE PUBLIC CHARITIES SPAHT FAMILY SENIOR ASSOCIATE DIRECTOR FOR PEAK PERFORMANCE 2,500,000

NANTUCKET GOLF CLUB FOUNDATION
PO BOX 1244
NANTUCKET,MA02554 		NONE PUBLIC CHARITIES NANTUCKET SCHOLAR 75,000

NANTUCKET GOLF CLUB FOUNDATION - PV DISCOUNT
PO BOX 1244
NANTUCKET,MA02554 		NONE PUBLIC CHARITIES NANTUCKET SCHOLAR -1,877

DARTMOUTH - PV DISCOUNT WRITE-DOWN
6066 DEVELOPMENT OFFICE
HANOVER,NH037554400 		NONE PUBLIC CHARITIES SPAHT FAMILY SENIOR ASSOCIATE DIRECTOR FOR PEAK PERFORMANCE 66,012

DARTMOUTH - PV DISCOUNT
6066 DEVELOPMENT OFFICE
HANOVER,NH037554400 		NONE PUBLIC CHARITIES SPAHT FAMILY SENIOR ASSOCIATE DIRECTOR FOR PEAK PERFORMANCE -249,368
Total ................................. right arrow 3b 4,178,190
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 ........... 		    14 165,932  
4 Dividends and interest from securities ....     14 2,021,395  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,965,685  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFROM K-1 - THOMA BRAVO CREDIT FUND II FEEDER, L.P. 		525990 103,617   85,949  
bFROM K-1 - THOMA BRAVO EXPLORE FUND P, L.P. 525990 722      
cPY TAX TRUE-UP 900099     608  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 104,339 4,239,569 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,343,908
(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
SPAHT FAMILY FOUNDATION
 
Employer identification number

83-2183149
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
SPAHT FAMILY FOUNDATION
  		Employer identification number
83-2183149
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
HOLDEN AND CLAIRE SPAHT
135 MAIN STREET SUITE 850
 
SAN FRANCISCO, CA94105

$ 18,556,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
HOLDEN AND CLAIRE SPAHT
135 MAIN STREET SUITE 850
 
SAN FRANCISCO, CA94105

$ 18,318,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
HOLDEN AND CLAIRE SPAHT
135 MAIN STREET SUITE 850
 
SAN FRANCISCO, CA94105

$ 18,268,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
HOLDEN AND CLAIRE SPAHT
135 MAIN STREET SUITE 850
 
SAN FRANCISCO, CA94105

$ 9,972,167


(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
SPAHT FAMILY FOUNDATION
  		Employer identification number

83-2183149
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
 400,000 SHARES OF DYNATRACE, INC. $ 18,556,000 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 400,000 SHARES OF DYNATRACE, INC. $ 18,318,000 2024-05-29
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 400,000 SHARES OF DYNATRACE, INC. $ 18,268,000 2024-05-30
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
4
 217,093 SHARES OF DYNATRACE, INC. $ 9,972,167 2024-06-04
(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
SPAHT FAMILY FOUNDATION
  		Employer identification number

83-2183149
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:
SPAHT FAMILY FOUNDATION
EIN:
83-2183149
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT FEES 22,400 16,800   5,600
ACCOUNTING FEES 188,820 141,615   47,205

TY 2024 InvestmentsCorpBondsSchedule
Name:
SPAHT FAMILY FOUNDATION
EIN:
83-2183149
Name of Bond End of Year Book Value End of Year Fair Market Value
GOLDMAN SACHS X1416 28,572,790 28,572,790

TY 2024 InvestmentsCorpStockSchedule
Name:
SPAHT FAMILY FOUNDATION
EIN:
83-2183149
Name of Stock End of Year Book Value End of Year Fair Market Value
GOLDMAN SACHS X1416 68,334,171 68,334,171

TY 2024 InvestmentsOtherSchedule2
Name:
SPAHT FAMILY FOUNDATION
EIN:
83-2183149
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
THOMA BRAVO CREDIT FUND I FEEDER, L.P. FMV 970,918 970,918
THOMA BRAVO CREDIT FUND II FEEDER, L.P. FMV 1,365,242 1,365,242
THOMA BRAVO FUND XIII, L.P. FMV 2,125,198 2,125,198
THOMA BRAVO EXPLORE FUND FMV 1,805,453 1,805,453
THOMA BRAVO FUND XIV FMV 5,844,323 5,844,323
THOMA BRAVO GROWTH FUND A FMV 590,187 590,187
THOMA BRAVO FUND XV-A FMV 5,407,755 5,407,755
THOMA BRAVO DISCOVER FUND IV-A FMV 1,827,078 1,827,078
VINTAGE VIII OFFSHORE FMV 457,657 457,657
THOMA BRAVO CREDIT FUND III FEEDER, L.P. FMV 1,267,152 1,267,152

TY 2024 LegalFeesSchedule
Name:
SPAHT FAMILY FOUNDATION
EIN:
83-2183149
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 22,788 17,091   5,697


TY 2024 OtherAssetsSchedule
Name:
SPAHT FAMILY FOUNDATION
EIN:
83-2183149
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PREPAID TAXES 26,427 42,187 42,187


TY 2024 OtherExpensesSchedule
Name:
SPAHT FAMILY FOUNDATION
EIN:
83-2183149
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FROM K-1 - THOMA BRAVO CREDIT FUND I FEEDER, L.P. 1,077 1,077   0
FROM K-1 - THOMA BRAVO CREDIT FUND II FEEDER, L.P. 194 88   0
FROM K-1 - THOMA BRAVO CREDIT FUND II FEEDER, L.P. 347 347   0
FROM K-1 - THOMA BRAVO FUND XIII, L.P. 355 355   0
FROM K-1 - THOMA BRAVO EXPLORE FUND, L.P. 323 323   0
FROM K-1 - THOMA BRAVO EXPLORE FUND, L.P. 4,277 4,277   0
FROM K-1 - THOMA BRAVO EXPLORE FUND P, L.P. 330 0   0
FROM K-1 - THOMA BRAVO EXPLORE FUND P, L.P. 1 1   0
FROM K-1 - THOMA BRAVO DISCOVER FUND IV-A, L.P. 7,360 7,360   0
FROM K-1 - THOMA BRAVO DISCOVER FUND IV-A, L.P. 3,740 3,740   0
FROM K-1 - THOMA BRAVO FUND XIV, L.P. 870 870   0
FROM K-1 - THOMA BRAVO FUND XV-A, L.P. 7,831 7,831   0
FROM K-1 - THOMA BRAVO FUND XV-A, L.P. 4,650 4,650   0
FROM K-1 - THOMA BRAVO GROWTH FUND A, L.P. 175 175   0
FROM K-1 - THOMA BRAVO GROWTH FUND A, L.P. 3,386 3,386   0
FROM K-1 - THOMA BRAVO FUND XV-A GLOBAL, L.P. 7,459 7,459   0
WEBSITE DEVELOPMENT 1,013 0   1,013
COMPUTER & SOFTWARE 935 935   0


TY 2024 OtherIncomeSchedule2
Name:
SPAHT FAMILY FOUNDATION
EIN:
83-2183149
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FROM K-1 - THOMA BRAVO CREDIT FUND II FEEDER, L.P. 0 85,949 0
FROM K-1 - THOMA BRAVO CREDIT FUND II FEEDER, L.P. 189,566   189,566
FROM K-1 - THOMA BRAVO EXPLORE FUND P, L.P. 722   722
PY TAX TRUE-UP 608   608


TY 2024 OtherIncreasesSchedule
Name:
SPAHT FAMILY FOUNDATION
EIN:
83-2183149
Description Amount
FOREIGN TAXES PAID NOT RECORDED IN BOOKS 21,605
K-1 BOOK/TAX ADJUSTMENT 2,374,364
CHANGE IN ACCOUNT VALUE 4,746,501


TY 2024 OtherLiabilitiesSchedule
Name:
SPAHT FAMILY FOUNDATION
EIN:
83-2183149
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED FEDERAL EXCISE TAXES 94,753 193,584


TY 2024 OtherProfessionalFeesSchedule
Name:
SPAHT FAMILY FOUNDATION
EIN:
83-2183149
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVISORY FEES 170,253 170,253   0
CONSULTING 78,750 0   78,750


TY 2024 SubstantialContributorsSch
Name:
SPAHT FAMILY FOUNDATION
EIN:
83-2183149
Name Address
HOLDEN AND CLAIRE SPAHT 135 MAIN STREET SUITE 850
SAN FRANCISCO,CA94105


TY 2024 TaxesSchedule
Name:
SPAHT FAMILY FOUNDATION
EIN:
83-2183149
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CA UBTI TAXES 2,423 0   0
FEDERAL UBTI TAXES 21,222 0   0
FEDERAL EXCISE TAXES 953,229 0   0
FOREIGN TAXES 21,605 21,605   0
FOREIGN TAXES VIA TBCF II TAX W/H 1,197 1,197   0
PY TAX TRUE-UP 0 0   0
FILING FEES 420 420   0
AL UBTI TAXES 113 0   0
IA UBTI TAXES 45 0   0
MA UBIT TAXES 745 0   0
MN UBIT TAXES 897 0   0
NY UBTI TAXES 250 0   0
DEFERRED FEDERAL EXCISE TAX 98,831 0   0
RI UBTI 400 0   0