TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
THE NATHAN SETER FOUNDATION
C/O MILBANK TWEED HADLEY & MCCLOY LLP

Number and street (or P.O. box number if mail is not delivered to street address)1101 NEW YORK AVENUE NW
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20005

A Employer identification number

13-4150736

B Telephone number (see instructions)

(212) 231-4703

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$26,921,473J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	87,166		87,166
4	Dividends and interest from securities...	608,708		608,708
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,005,746
b	Gross sales price for all assets on line 6a 11,867,239
7	Capital gain net income (from Part IV, line 2)...			2,005,746
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	7,851	7,851
12	Total. Add lines 1 through 11........	2,709,471		2,709,471
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).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	42,250	42,250	0
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	26,991	26,991	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	27,645	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	994	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	97,880		69,241	0
25	Contributions, gifts, grants paid.......	2,013,900			2,013,900
26	Total expenses and disbursements. Add lines 24 and 25	2,111,780		69,241	2,013,900
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	597,691
b	Net investment income (if negative, enter -0-)			2,640,230
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1,673,148	448,021	448,041
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	16,151,744	List of Attached Documents: // Content 16,631,180	19,694,411
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	6,530,639	List of Attached Documents: // Content 5,829,021	6,779,021
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	24,355,531	22,908,222	26,921,473
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		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	24,355,531	22,908,222
	29	Total net assets or fund balances (see instructions).....	24,355,531	22,908,222
	30	Total liabilities and net assets/fund balances (see instructions).	24,355,531	22,908,222

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

24,355,531

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

597,691

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

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

24,953,222

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

2,045,000

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

22,908,222

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	ALIBABA GROUP HOLDING-SP ADR	P	2024-01-01	2024-06-26
b	WALT DISNEY CO/THE	P	2024-01-01	2024-06-26
c	US TREAS 3.25% 08/31/24	P	2024-01-01	2024-09-03
d	APPLIED MATERIALS INC	P	2024-01-01	2024-12-30
e	BOOKING HOLDINGS INC	P	2024-01-01	2024-07-15
	BROOKFIELD CORP	P	2024-01-09	2024-06-27
	LINDE PLC	P	2024-09-04	2024-09-18
	LINDE PLC	P	2024-01-01	2024-09-27
	LINDE PLC	P	2024-07-18	2024-10-01
	LINDE PLC	P	2024-07-18	2024-10-02
	LINDE PLC	P	2024-01-01	2024-10-07
	LINDE PLC	P	2024-01-01	2024-10-08
	NESTLE SA-SPONS ADR	P	2023-12-04	2024-02-20
	NESTLE SA-SPONS ADR	P	2024-01-01	2024-02-28
	NIKE INC -CL B	P	2024-01-01	2024-07-15
	SIX CIRCLES US UNCONSTR EQ	P	2023-06-16	2024-01-08
	SIX CIRCLES US UNCONSTR EQ	P	2023-06-16	2024-01-09
	SIX CIRCLES GLOBAL BOND	P	2023-06-16	2024-04-03
	VANGUARD TTL BD MKT IDX-ADM	P	2024-04-03	2024-06-24
	VANGUARD TTL BD MKT IDX-ADM	P	2024-04-03	2024-06-26
	VANGUARD TTL BD MKT IDX-ADM	P	2024-04-03	2024-06-28
	VANGUARD TTL BD MKT IDX-ADM	P	2024-04-03	2024-07-01
	VANGUARD TTL BD MKT IDX-ADM	P	2024-04-03	2024-07-02
	VANGUARD TTL BD MKT IDX-ADM	P	2024-04-03	2024-07-08
	VANGUARD TTL BD MKT IDX-ADM	P	2024-04-03	2024-07-09
	VANGUARD TTL BD MKT IDX-ADM	P	2024-04-03	2024-07-10
	VANGUARD TTL BD MKT IDX-ADM	P	2024-04-03	2024-07-12
	VANGUARD TTL BD MKT IDX-ADM	P	2024-04-03	2024-07-15
	VANGUARD TOTAL BOND MARKET	P	2023-06-16	2024-06-11
	VANGUARD TOTAL INTL BOND ETF	P	2023-06-16	2024-04-18
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-12-31
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-09-30
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-10-04
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-10-09
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-10-10
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-10-10
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-10-11
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-10-14
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-10-15
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-10-21
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-10-22
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-10-22
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-10-23
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-10-28
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-10-31
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-10-31
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-11-01
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-11-01
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-11-06
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-11-06
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-11-06
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-11-08
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-11-08
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-11-11
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-11-12
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-18	2024-11-12
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-11-13
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-11-13
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-11-13
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-11-13
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-11-14
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-11-14
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-11-15
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-11-18
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-11-20
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-11-21
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-11-22
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-11-25
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-11-26
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-11-27
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-12-05
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-12-06
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-12-11
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-12-12
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-12-13
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-12-18
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-12-19
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-12-19
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-12-23
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-12-24
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-12-26
	BERKSHIRE HATHAWAY INC-CL B	P	2020-03-23	2024-12-27
	FIDELITY 500 INDEX FUND	P	2017-12-28	2024-06-20
	FIDELITY 500 INDEX FUND	P	2017-12-28	2024-06-24
	FIDELITY 500 INDEX FUND	P	2017-12-28	2024-06-26
	FIDELITY 500 INDEX FUND	P	2017-12-28	2024-06-28
	FIDELITY 500 INDEX FUND	P	2017-12-28	2024-07-01
	FIDELITY 500 INDEX FUND	P	2017-12-28	2024-07-02
	FIDELITY 500 INDEX FUND	P	2017-12-28	2024-07-08
	FIDELITY 500 INDEX FUND	P	2017-12-28	2024-07-09
	FIDELITY 500 INDEX FUND	P	2017-12-28	2024-07-10
	FIDELITY 500 INDEX FUND	P	2017-12-28	2024-07-15
	FIDELITY 500 INDEX FUND	P	2017-12-28	2024-07-16
	FIDELITY 500 INDEX FUND	P	2018-01-01	2024-07-16
	FIDELITY 500 INDEX FUND	P	2018-06-08	2024-07-18
	FIDELITY 500 INDEX FUND	P	2018-06-08	2024-07-19
	FIDELITY 500 INDEX FUND	P	2018-07-01	2024-07-22
	FIDELITY 500 INDEX FUND	P	2018-12-28	2024-07-23
	FIDELITY 500 INDEX FUND	P	2018-12-28	2024-07-23
	FIDELITY 500 INDEX FUND	P	2018-12-28	2024-07-24
	NESTLE SA-SPONS ADR	P	2022-05-19	2024-02-09
	NESTLE SA-SPONS ADR	P	2022-05-19	2024-02-16
	NESTLE SA-SPONS ADR	P	2022-05-19	2024-02-20
	SIX CIRCLES CREDIT OPPORT	P	2023-01-01	2024-08-15
	SIX CIRCLES GLOBAL BOND	P	2023-01-01	2024-04-03
	SIX CIRCLES GLOBAL BOND	P	2021-10-26	2024-03-18
	SIX CIRCLES GLOBAL BOND	P	2021-10-26	2024-03-27
	SIX CIRCLES GLOBAL BOND	P	2021-10-26	2024-03-28
	SIX CIRCLES US UNCONSTR EQ	P	2018-10-19	2024-01-09
	SIX CIRCLES US UNCONSTR EQ	P	2018-10-19	2024-01-12
	SIX CIRCLES US UNCONSTR EQ	P	2018-10-19	2024-07-26
	SIX CIRCLES US UNCONSTR EQ	P	2018-10-19	2024-08-02
	SIX CIRCLES US UNCONSTR EQ	P	2018-10-19	2024-08-09
	SIX CIRCLES US UNCONSTR EQ	P	2018-10-19	2024-08-13
	SIX CIRCLES US UNCONSTR EQ	P	2019-03-07	2024-08-14
	SIX CIRCLES US UNCONSTR EQ	P	2019-03-07	2024-08-15
	U S A TREAS NOTES	P	2022-09-01	2024-09-03
	VANGUARD MORTGAGE-BACKED SEC	P	2023-01-01	2024-03-04
	VANGUARD TOTAL BOND MARKET	P	2022-03-23	2024-05-17
	VANGUARD TOTAL BOND MARKET	P	2022-03-23	2024-05-21
	VANGUARD TOTAL BOND MARKET	P	2022-03-23	2024-05-24
	VANGUARD TOTAL BOND MARKET	P	2022-08-24	2024-06-05
	VANGUARD TOTAL BOND MARKET	P	2022-08-24	2024-06-11
	VANGUARD TOTAL BOND MARKET	P	2022-10-28	2024-06-14
	VANGUARD TOTAL BOND MARKET	P	2022-10-28	2024-06-18
	VANGUARD TOTAL BOND MARKET	P	2022-10-28	2024-06-20
	VANGUARD TOTAL INTL BOND ETF	P	2020-09-09	2024-04-05
	VANGUARD TOTAL INTL BOND ETF	P	2020-09-09	2024-04-09
	VANGUARD TOTAL INTL BOND ETF	P	2022-08-24	2024-04-10
	VANGUARD TOTAL INTL BOND ETF	P	2022-08-24	2024-04-11
	VANGUARD TOTAL INTL BOND ETF	P	2022-08-24	2024-04-15
	VANGUARD TOTAL INTL BOND ETF	P	2022-08-24	2024-04-17
	VANGUARD TOTAL INTL BOND ETF	P	2022-06-15	2024-04-18
	VANGUARD TTL INTL BND-ADM	P	2023-01-01	2024-04-02
	FIDELITY 500 INDEX FUND	P	2024-07-09	2024-07-16
	FIDELITY 500 INDEX FUND	P	2024-07-09	2024-08-19
	FIDELITY 500 INDEX FUND	P	2024-07-09	2024-09-20
	ISHARES BROAD USD HIGH YIELD	P	2024-07-23	2024-11-25
	ISHARES BROAD USD HIGH YIELD	P	2024-07-23	2024-11-25
	ISHARES BROAD USD HIGH YIELD	P	2024-07-23	2024-11-25
	JPMORGAN BETABUILDERS CANADA	P	2024-07-09	2024-11-25
	JPMORGAN BETABUILDERS CANADA	P	2024-07-09	2024-07-16
	JPMORGAN BETABUILDERS DEVELO	P	2024-07-09	2024-07-16
	JPMORGAN BETABUILDERS EUROPE ETF	P	2024-07-09	2024-11-25
	JPMORGAN BETABUILDERS EUROPE ETF	P	2024-07-09	2024-11-25
	JPMORGAN BETABUILDERS EUROPE ETF	P	2024-07-09	2024-12-17
	JPMORGAN BETABUILDERS EUROPE ETF	P	2024-07-09	2024-07-16
	JPMORGAN BETABUILDERS EUROPE ETF	P	2024-07-09	2024-09-20
	JPMORGAN BETABUILDERS JAPAN ETF	P	2024-07-09	2024-11-25
	JPMORGAN BETABUILDERS JAPAN ETF	P	2024-07-09	2024-11-25
	JPMORGAN BETABUILDERS JAPAN ETF	P	2024-07-09	2024-12-17
	JPMORGAN BETABUILDERS JAPAN ETF	P	2024-07-09	2024-07-16
	SIX CIRCLES INTL UNCON EQ	P	2024-02-28	2024-06-17
	SIX CIRCLES US UNCONSTR EQ	P	2024-02-28	2024-07-16
	SIX CIRCLES US UNCONSTR EQ	P	2024-02-28	2024-09-20
	VANGUARD INT-TERM CORPORATE	P	2024-02-28	2024-05-07
	VANGUARD INT-TERM CORPORATE	P	2024-02-28	2024-05-07
	VANGUARD INT-TERM CORPORATE	P	2023-12-04	2024-07-09
	VANGUARD LONG-TERM TREASURY ETF	P	2024-01-22	2024-11-25
	VANGUARD LONG-TERM TREASURY ETF	P	2024-01-22	2024-07-09
	VANGUARD TOTAL INTL BOND ETF	P	2023-06-16	2024-01-22
	FIDELITY 500 INDEX FUND	P	2017-12-28	2024-01-23
	FIDELITY 500 INDEX FUND	P	2017-12-28	2024-06-17
	ISHARES 7-10 YEAR TREASURY B	P	2022-06-16	2024-01-22
	ISHARES 7-10 YEAR TREASURY B	P	2022-06-16	2024-07-09
	JPMORGAN BETABUILDERS JAPAN ETF	P	2020-06-05	2024-01-23
	PIMCO INCOME FUND-INS	P	2019-06-14	2024-07-09
	SIX CIRCLES CREDIT OPPORT	P	2023-01-01	2024-07-09
	SIX CIRCLES CREDIT OPPORT	P	2023-01-01	2024-11-25
	SIX CIRCLES GLOBAL BOND	P	2021-09-09	2024-02-28
	SIX CIRCLES GLOBAL BOND	P	2021-09-09	2024-04-22
	SIX CIRCLES GLOBAL BOND	P	2021-09-09	2024-07-09
	SIX CIRCLES GLOBAL BOND	P	2021-09-09	2024-08-06
	SIX CIRCLES INTL UNCON EQ	P	2021-04-21	2024-06-17
	SIX CIRCLES INTL UNCON EQ	P	2021-04-21	2024-07-16
	SIX CIRCLES INTL UNCON EQ	P	2021-04-21	2024-09-20
	SIX CIRCLES ULTR SHRT DUR	P	2021-09-09	2024-07-09
	VANGUARD MORTGAGE-BACKED SEC	P	2020-10-29	2024-07-09
	VANGUARD TOTAL BOND MARKET	P	2021-10-26	2024-01-22
	VANGUARD TOTAL BOND MARKET	P	2021-10-26	2024-01-22
	VANGUARD TOTAL BOND MARKET	P	2021-10-26	2024-07-09
	VANGUARD TOTAL BOND MARKET	P	2021-10-26	2024-08-06
	VANGUARD TOTAL INTL BOND ETF	P	2020-10-30	2024-02-28
	VANGUARD TOTAL INTL BOND ETF	P	2020-10-30	2024-11-25
	VANGUARD TOTAL INTL BOND ETF	P	2020-10-30	2024-04-22
	VANGUARD TOTAL INTL BOND ETF	P	2020-10-30	2024-07-09
	VANGUARD TOTAL INTL BOND ETF	P	2020-10-30	2024-08-06
	COLLECTIBLES	P	2022-12-31	2024-02-09
	COLLECTIBLES	P	2022-12-31	2024-05-13
	COLLECTIBLES	P	2022-12-31	2024-02-20

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	16,457	19,984	-3,527
b	18,959	14,893	4,066
c	755,000	755,000	0
d	217,794	271,557	-53,763
e	73,236	65,765	7,471
	10,776	9,997	779
	11,687	11,808	-121
	10,112	9,895	217
	9,971	9,425	546
	9,520	8,976	544
	20,002	19,045	957
	40,184	36,487	3,697
	4,852	4,934	-82
	100,684	109,145	-8,461
	50,424	70,457	-20,033
	26,743	24,454	2,289
	19,106	17,495	1,611
	4,817	4,632	185
	50,000	49,634	366
	50,000	49,842	158
	50,000	50,000	0
	50,000	50,318	-318
	50,000	50,159	-159
	50,000	49,686	314
	50,000	49,738	262
	35,000	34,780	220
	90,000	88,783	1,217
	113,609	112,075	1,534
	5,946	6,038	-92
	3,298	3,308	-10
	11,304	4,097	7,207
	11,407	4,285	7,122
	10,020	3,771	6,249
	11,374	4,285	7,089
	11,371	4,285	7,086
	11,375	4,285	7,090
	11,542	4,285	7,257
	11,530	4,285	7,245
	11,594	4,285	7,309
	11,565	4,285	7,280
	11,525	4,285	7,240
	11,555	4,285	7,270
	11,506	4,285	7,221
	11,422	4,285	7,137
	154,510	58,279	96,231
	99,974	37,710	62,264
	11,346	4,285	7,061
	22,646	8,570	14,076
	23,167	8,570	14,597
	11,680	4,285	7,395
	11,717	4,285	7,432
	11,578	4,285	7,293
	11,639	4,285	7,354
	11,707	4,285	7,422
	11,677	4,285	7,392
	11,681	4,157	7,524
	11,652	4,097	7,555
	11,654	4,097	7,557
	11,695	4,097	7,598
	11,654	4,097	7,557
	11,694	4,097	7,597
	11,715	4,097	7,618
	11,714	4,097	7,617
	11,727	4,097	7,630
	5,629	1,967	3,662
	11,836	4,097	7,739
	11,882	4,097	7,785
	11,979	4,097	7,882
	11,919	4,097	7,822
	12,169	4,097	8,072
	11,758	4,097	7,661
	11,732	4,097	7,635
	11,523	4,097	7,426
	11,501	4,097	7,404
	22,976	8,195	14,781
	11,301	4,097	7,204
	11,311	4,097	7,214
	11,279	4,097	7,182
	11,312	4,097	7,215
	11,429	4,097	7,332
	11,470	4,097	7,373
	11,440	4,097	7,343
	20,304	10,007	10,297
	15,000	7,426	7,574
	20,021	9,857	10,164
	20,000	9,877	10,123
	15,000	7,388	7,612
	15,037	7,361	7,676
	20,000	9,707	10,293
	30,000	14,549	15,451
	40,000	19,201	20,799
	70,000	33,613	36,387
	69,968	33,385	36,583
	49,988	23,122	26,866
	30,000	13,649	16,351
	15,000	6,873	8,127
	35,000	15,722	19,278
	20,000	8,949	11,051
	80,000	36,642	43,358
	14,543	6,695	7,848
	22,265	23,817	-1,552
	15,010	15,878	-868
	10,156	10,508	-352
	80,833	76,309	4,524
	479,014	477,619	1,395
	50,000	58,208	-8,208
	50,000	57,793	-7,793
	50,000	57,528	-7,528
	7,832	5,248	2,584
	10,407	6,922	3,485
	30,000	17,290	12,710
	60,000	35,380	24,620
	24,900	14,683	10,217
	50,346	28,941	21,405
	39,613	22,603	17,010
	56,956	31,961	24,995
	400,000	400,000	0
	76,531	90,586	-14,055
	50,044	55,429	-5,385
	49,937	55,270	-5,333
	49,897	52,583	-2,686
	49,963	51,860	-1,897
	134,044	135,061	-1,017
	49,970	48,555	1,415
	50,573	49,190	1,383
	62,041	60,411	1,630
	99,906	118,433	-18,527
	301,273	333,119	-31,846
	100,086	102,058	-1,972
	99,791	101,761	-1,970
	100,047	102,207	-2,160
	99,969	101,731	-1,762
	85,837	86,427	-590
	41,445	45,951	-4,506
	126,335	124,295	2,040
	101,669	95,232	6,437
	33,066	32,245	821
	37	37	0
	92,182	90,848	1,334
	336	331	5
	11,753	10,328	1,425
	7,406	7,171	235
	6,367	6,221	146
	32,514	33,824	-1,310
	13,845	14,386	-541
	60,975	62,655	-1,680
	33,614	33,170	444
	6,342	6,123	219
	7,204	7,342	-138
	21,875	22,316	-441
	13,609	13,818	-209
	9,260	9,019	241
	14,121	13,387	734
	8,340	7,426	914
	19,250	16,922	2,328
	1,429	1,434	-5
	99,424	98,608	816
	28,291	27,703	588
	164,707	164,944	-237
	30,426	31,093	-667
	11,469	11,432	37
	74,509	41,439	33,070
	81,095	39,969	41,126
	93,605	98,449	-4,844
	13,636	14,522	-886
	4,381	3,832	549
	14,095	15,772	-1,677
	29,979	29,979	0
	108,931	108,467	464
	72,696	86,170	-13,474
	29,022	30,327	-1,305
	126,481	149,189	-22,708
	35,933	41,449	-5,516
	4,059	3,740	319
	6,424	5,768	656
	5,745	5,184	561
	28,883	29,101	-218
	32,410	38,486	-6,076
	27,504	32,191	-4,687
	68,771	80,478	-11,707
	250,086	294,318	-44,232
	30,210	34,831	-4,621
	150,944	181,257	-30,313
	31,245	36,286	-5,041
	59,822	59,822	0
	336,500	403,193	-66,693
	22,340	26,252	-3,912
	850,000	350,000	500,000
	1,615,000	1,100,000	515,000
	330,000		330,000

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			-3,527
b			4,066
c			0
d			-53,763
e			7,471
			779
			-121
			217
			546
			544
			957
			3,697
			-82
			-8,461
			-20,033
			2,289
			1,611
			185
			366
			158
			0
			-318
			-159
			314
			262
			220
			1,217
			1,534
			-92
			-10
			7,207
			7,122
			6,249
			7,089
			7,086
			7,090
			7,257
			7,245
			7,309
			7,280
			7,240
			7,270
			7,221
			7,137
			96,231
			62,264
			7,061
			14,076
			14,597
			7,395
			7,432
			7,293
			7,354
			7,422
			7,392
			7,524
			7,555
			7,557
			7,598
			7,557
			7,597
			7,618
			7,617
			7,630
			3,662
			7,739
			7,785
			7,882
			7,822
			8,072
			7,661
			7,635
			7,426
			7,404
			14,781
			7,204
			7,214
			7,182
			7,215
			7,332
			7,373
			7,343
			10,297
			7,574
			10,164
			10,123
			7,612
			7,676
			10,293
			15,451
			20,799
			36,387
			36,583
			26,866
			16,351
			8,127
			19,278
			11,051
			43,358
			7,848
			-1,552
			-868
			-352
			4,524
			1,395
			-8,208
			-7,793
			-7,528
			2,584
			3,485
			12,710
			24,620
			10,217
			21,405
			17,010
			24,995
			0
			-14,055
			-5,385
			-5,333
			-2,686
			-1,897
			-1,017
			1,415
			1,383
			1,630
			-18,527
			-31,846
			-1,972
			-1,970
			-2,160
			-1,762
			-590
			-4,506
			2,040
			6,437
			821
			0
			1,334
			5
			1,425
			235
			146
			-1,310
			-541
			-1,680
			444
			219
			-138
			-441
			-209
			241
			734
			914
			2,328
			-5
			816
			588
			-237
			-667
			37
			33,070
			41,126
			-4,844
			-886
			549
			-1,677
			0
			464
			-13,474
			-1,305
			-22,708
			-5,516
			319
			656
			561
			-218
			-6,076
			-4,687
			-11,707
			-44,232
			-4,621
			-30,313
			-5,041
			0
			-66,693
			-3,912
			500,000
			515,000
			330,000

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	2,005,746
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	36,699
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	36,699
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	36,699
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	10,702
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	10,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	20,702
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	1,253
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	17,250
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

If "Yes," attach the statement required by General Instruction T.

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

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Website address right arrow

N/A

The books are in care of right arrow

CO MILBANK TWEED HADLEY MCCLOY Telephone no. right arrow

(212) 231-4703

Located at right arrow

1850 K STREET NWWASHINGTONDC ZIP+4 right arrow

20006

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

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)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2024? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2024.) .....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
ROBERT ROSS	PRESIDENT 2.00	0	0	0
C/O MILBANK TWEED AT AL WASHINGTON,DC20006	PRESIDENT 2.00	0	0	0
JONATHAN BLATTMACHR	TREASURER 0.00	0	0	0
C/O MILBANK TWEED AT AL WASHINGTON,DC20006	TREASURER 0.00	0	0	0

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


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









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

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

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

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

purposes:

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

17,789,969

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

1,742,969

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

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

19,532,938

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

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

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

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

19,532,938

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

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

292,994

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

19,239,944

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

961,997

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

961,997

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

36,699

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

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

36,699

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

925,298

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

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

925,298

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

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

925,298

Part XI

Qualifying Distributions (see instructions)

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

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

2,013,900

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

2,013,900

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					925,298
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......	928,493
b From 2020......	476,068
c From 2021......	437,742
d From 2022......	995,254
e From 2023......	1,346,471
f Total of lines 3a through e ........		4,184,028
4Qualifying distributions for 2024 from Part
XI, line 4: $ 2,013,900
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.....					925,298
e Remaining amount distributed out of corpus		1,088,602
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		5,272,630
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) ...		928,493
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		4,344,137
10 Analysis of line 9:
a Excess from 2020....	476,068
b Excess from 2021....	437,742
c Excess from 2022....	995,254
d Excess from 2023....	1,346,471
e Excess from 2024....	1,088,602

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2024)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ACHIEZER 334 CENTRAL AVENUE LAWRENCE,NY11559	NONE		UNRESTRICTED USE OF RECIPIENT	10,000
AMERICAN COMMITTE SZ 55 W 39TH ST NEW YORK,NY10018	NONE		UNRESTRICTED USE OF RECIPIENT	100,000
AMERICAN FRIENDS OF HH 57 WEST 57TH STREET 4TH FLOOR NEW YORK,NY10019	NONE		UNRESTRICTED USE OF RECIPIENT	10,000
AMERICAN FRIENDS OF IDF RABBINATE 1430 BROADWAY NEW YORK,NY10018	NONE		UNRESTRICTED USE OF RECIPIENT	186,000
AMERICAN FRIENDS OF MATAN 18 ORCHARD HILL DRIVE MONSEY,NY10952	NONE		UNRESTRICTED USE OF RECIPIENT	10,000
AMERICAN FRIENDS OF SHALVA 441 LEXINGTON AVE NEW YORK,NY10017	NONE		UNRESTRICTED USE OF RECIPIENT	10,000
AMERICAN FRIENDS OF YE 410 GLENN RD JACKSON,NJ08527	NONE		UNRESTRICTED USE OF RECIPIENT	36,000
AMERICAN FRIENDS TT 2183 78TH ST BROOKLYN,NY11214	NONE		UNRESTRICTED USE OF RECIPIENT	3,600
ANCHOR MENTORING 711 ANNAPOLIS ST FAR ROCKAWAY,NY11691	NONE		UNRESTRICTED USE OF RECIPIENT	3,600
ATIME 4806 13TH AVE 2 BROOKLYN,NY11219	NONE		UNRESTRICTED USE OF RECIPIENT	5,400
BBY 155 OBERLIN AVE N LAKEWOOD,NJ08701	NONE		UNRESTRICTED USE OF RECIPIENT	25,000
BEIT HATALMUD 2127 82ND ST BROOKLYN,NY11214	NONE		UNRESTRICTED USE OF RECIPIENT	3,600
BAICF 606 E 2ND ST BROOKLYN,NY112184966	NONE		UNRESTRICTED USE OF RECIPIENT	1,800
BJX 2915 AVE K BROOKLYN,NY11210	NONE		UNRESTRICTED USE OF RECIPIENT	1,800
CHAI LIFELINE 106 CLIFTON AVE LAKEWOOD,NJ08701	NONE		UNRESTRICTED USE OF RECIPIENT	54,000
CITY LORE 56 E 1ST STREET NEW YORK,NY10003	NONE		UNRESTRICTED USE OF RECIPIENT	5,000
CONGREGATION BS 2710 AVENUE X BROOKLYN,NY11235	NONE		UNRESTRICTED USE OF RECIPIENT	20,000
CONGREGATION YL 1325 44TH STREET BROOKLYN,NY11219	NONE		UNRESTRICTED USE OF RECIPIENT	1,000
CONNECT ISRAEL 10445 WILSHIRE BLVD LOS ANGELES,CA90024	NONE		UNRESTRICTED USE OF RECIPIENT	10,000
CYCLE FOR SURVIVAL 633 THIRD AVE 5TH FLOOR NEW YORK,NY10017	NONE		UNRESTRICTED USE OF RECIPIENT	3,600
DARCHEI TORAH 257 BEACH 17TH ST FAR ROCKAWAY,NY11691	NONE		UNRESTRICTED USE OF RECIPIENT	25,000
FDNY FOUNDATION 9 METROTECH CENTER BROOKLYN,NY11201	NONE		UNRESTRICTED USE OF RECIPIENT	10,000
FISHER HOUSE FOUNDATION 12300 TWINBROOK PKWY SUITE 410 ROCKVILLE,MD20852	NONE		UNRESTRICTED USE OF RECIPIENT	1,000
FRIENDS OF LA PHILHARMONIC 151 S GRAND AVE LOS ANGELES,CA90012	NONE		UNRESTRICTED USE OF RECIPIENT	500
GLAUCOMA EDUCATION AND RESEARCH FUND 251 POST STREET SUITE 600 SAN FRANCISCO,CA94108	NONE		UNRESTRICTED USE OF RECIPIENT	5,000
HALB 523 CHURCH AVENUE WOODMERE,NY11598	NONE		UNRESTRICTED USE OF RECIPIENT	10,000
INJURED MARINE SEMPER FUND BOX 555193 CAMP PENDLETON,CA92055	NONE		UNRESTRICTED USE OF RECIPIENT	1,000
ISRAEL SPECIAL KIDS FUND 505 8TH AVE NEW YORK,NY10018	NONE		UNRESTRICTED USE OF RECIPIENT	1,000
JPC PO BOX 77316 WASHINGTON,DC20013	NONE		UNRESTRICTED USE OF RECIPIENT	10,000
JOHNS HOPKINS UNIVERSITY 3400 N CHARLES ST BALTIMORE,MD21218	NONE		UNRESTRICTED USE OF RECIPIENT	25,000
KEN KLEE MINISTRY 1999 AVENUE OF THE STARS LOS ANGELES,CA90067	NONE		UNRESTRICTED USE OF RECIPIENT	1,800
KEREN OR INC 350 7TH AVE 1004 NEW YORK,NY10001	NONE		UNRESTRICTED USE OF RECIPIENT	2,500
LEUKEMIA & LYMPHOMA SOCIETY 61 BROADWAY NEW YORK,NY10001	NONE		UNRESTRICTED USE OF RECIPIENT	2,500
MIDDLEBURG HUMANE FOUNDATION 5000 CUNNINGHAM FARM DR MARSHALL,VA20115	NONE		UNRESTRICTED USE OF RECIPIENT	1,800
MIR YERUSHALAYIM 5227 NEW UTRECHT AVE BROOKLYN,NY11219	NONE		UNRESTRICTED USE OF RECIPIENT	25,000
MJH 36 BATTERY PL NEW YORK,NY10280	NONE		UNRESTRICTED USE OF RECIPIENT	25,000
NLI 25 WEST 45TH STREET SUITE 701 NEW YORK,NY10036	NONE		UNRESTRICTED USE OF RECIPIENT	125,000
NYU UROLOGY RESEARCH FUND 550 FIRST AVENUE NEW YORK,NY10016	NONE		UNRESTRICTED USE OF RECIPIENT	25,000
PBA WIDOWS 7 CHILDREN FUND 125 BROAD ST 11TH FLR NEW YORK,NY10004	NONE		UNRESTRICTED USE OF RECIPIENT	10,000
PEF ISRAEL ENDOWMENT FUNDS INC 630 3RD AVE RM 1501 NEW YORK,NY100176745	NONE		UNRESTRICTED USE OF RECIPIENT	125,000
RAMBAM 15 FROST LN LAWRENCE,NY11559	NONE		UNRESTRICTED USE OF RECIPIENT	10,000
RCCS 803 BEDFORD AVENUE BROOKLYN,NY11205	NONE		UNRESTRICTED USE OF RECIPIENT	13,600
REGENTS OF CALIFORNIA - RESEARCH 3227 CHEADLE HALL 3RD FLOOR SANTA BARBARA,CA93106	NONE		UNRESTRICTED USE OF RECIPIENT	15,000
REISHIT YERUSHALAYIM PO BOX 489 MARLBORO,NJ07746	NONE		UNRESTRICTED USE OF RECIPIENT	25,000
SELF HELP 520 EIGHTH AVENUE NEW YORK,NY10018	NONE		UNRESTRICTED USE OF RECIPIENT	10,000
SIACH YITZCHOK 10-45 BEACH 9TH ST FAR ROCKAWAY,NY11691	NONE		UNRESTRICTED USE OF RECIPIENT	5,000
SSY 1170 WILLIAM ST HEWLETT,NY11557	NONE		UNRESTRICTED USE OF RECIPIENT	25,000
SPECIAL OPERATION WARRIOR FOUNDATION 1455 PENNSYLVANIA AVENUE NORTHWEST SUITE 400 WASHINGTON,DC20004	NONE		UNRESTRICTED USE OF RECIPIENT	1,000
SSEJ 459 COLUMBUS AVENUE SUITE 316 NEW YORK,NY10024	NONE		UNRESTRICTED USE OF RECIPIENT	25,000
TAG 444 BEACH 6TH ST FAR ROCKAWAY,NY11691	NONE		UNRESTRICTED USE OF RECIPIENT	10,000
THE LAMM LEGACY PROJECT INC 240 HUTCHINSON RD ENGLEWOOD,NJ076314407	NONE		UNRESTRICTED USE OF RECIPIENT	50,000
TY 6 SHOSHANNA DR LAKEWOOD,NJ087013587	NONE		UNRESTRICTED USE OF RECIPIENT	5,000
UNITED HATZALAH 208 EAST 51ST STREET SUITE 303 NEW YORK,NY10022	NONE		UNRESTRICTED USE OF RECIPIENT	100,000
UNITED STATES HOLOCAUST MEMORIAL MUSEUM 100 RAOUL WALLENBERG PLACE SW WASHINGTON,DC200242126	NONE		UNRESTRICTED USE OF RECIPIENT	25,000
WESTCHESTER DAY SCHOOL 856 ORIENTA AVENUE MAMARONECK,NY10543	NONE		UNRESTRICTED USE OF RECIPIENT	10,000
YFR 802 HICKSVILLE RD FAR ROCKAWAY,NY11691	NONE		UNRESTRICTED USE OF RECIPIENT	25,000
YGFT 218 MOSHER AVE WOODMERE,NY11598	NONE		UNRESTRICTED USE OF RECIPIENT	10,000
YILC 8 SPRUCE ST CEDARHURST,NY11516	NONE		UNRESTRICTED USE OF RECIPIENT	90,000
YU 500 W 185TH ST NEW YORK,NY10033	NONE		UNRESTRICTED USE OF RECIPIENT	625,000
IAG 1121 N BETHLEHEM PIKE SUITE 60138 SPRINGHOUSE,PA19477	NONE		UNRESTRICTED USE OF RECIPIENT	1,800
Total ................................. 3a				2,013,900

bApproved for future payment

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

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	87,166
4 Dividends and interest from securities ....			18	608,708
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 .....			18	7,851
8 Gain or (loss) from sales of assets other than inventory ............			18	2,005,746
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		2,709,471	0

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

2,709,471

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
8	GAIN FROM SALE OF NON CASH ITEM

Form 990-PF (2024)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

THE NATHAN SETER FOUNDATION

C/O MILBANK TWEED HADLEY & MCCLOY LLP

EIN:

13-4150736

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	42,250	42,250		0

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

THE NATHAN SETER FOUNDATION

C/O MILBANK TWEED HADLEY & MCCLOY LLP

EIN:

13-4150736

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CORPORATE STOCK	16,631,180	19,694,411

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

THE NATHAN SETER FOUNDATION

C/O MILBANK TWEED HADLEY & MCCLOY LLP

EIN:

13-4150736

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
INVESTMENTS	AT COST	2,406,481	2,406,481
COLLECTIBLE INVESTMENTS	AT COST	2,822,540	2,822,540
JEWELERY	AT COST	200,000	600,000
JEWELERY	AT COST	400,000	950,000

- TIN:

TY 2024 OtherDecreasesSchedule

Name:

THE NATHAN SETER FOUNDATION

C/O MILBANK TWEED HADLEY & MCCLOY LLP

EIN:

13-4150736

Description	Amount
INSIDE GAIN SALE OF ASSETS	2,045,000

- TIN:

TY 2024 OtherExpensesSchedule

Name:

THE NATHAN SETER FOUNDATION

C/O MILBANK TWEED HADLEY & MCCLOY LLP

EIN:

13-4150736

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
STATE FILING FEES	750	0		0
SOFTWARE EXPENSE	244	0		0

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

THE NATHAN SETER FOUNDATION

C/O MILBANK TWEED HADLEY & MCCLOY LLP

EIN:

13-4150736

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ORDINARY INCOME JPM M06317008	6,070	6,070	6,070
ORDINARY INCOME JPM N97107002	1,781	1,781	1,781

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

THE NATHAN SETER FOUNDATION

C/O MILBANK TWEED HADLEY & MCCLOY LLP

EIN:

13-4150736

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES	26,991	26,991		0

- TIN:

TY 2024 TaxesSchedule

Name:

THE NATHAN SETER FOUNDATION

C/O MILBANK TWEED HADLEY & MCCLOY LLP

EIN:

13-4150736

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL INCOME TAX	25,000	0		0
FOREIGN TAX	2,645	0		0