Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE SANDY HILL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)7 GIRALDA FARMS 330
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MADISON, NJ07940
A Employer identification number

22-2668774
B Telephone number (see instructions)

(973) 290-2333
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$25,405,664
J 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) 10,353,156
2 Check right arrow.............
3 Interest on savings and temporary cash investments 9,569 91,196  
4 Dividends and interest from securities... 215,512 336,579  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 351,450
b Gross sales price for all assets on line 6a 2,991,527
7 Capital gain net income (from Part IV, line 2)... 1,604,373
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)....... 0 -1,098  
12 Total. Add lines 1 through 11........ 10,929,687 2,031,050  
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).........        
b Accounting fees (attach schedule)....... 340 170   170
c Other professional fees (attach schedule).... 155 40,080   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 5,155 6,874   80
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 185 0   185
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,835 47,124   435
25 Contributions, gifts, grants paid....... 3,874,000 3,874,000
26 Total expenses and disbursements. Add lines 24 and 25 3,879,835 47,124   3,874,435
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,049,852
b Net investment income (if negative, enter -0-) 1,983,926
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............. 949,396 4,884,352 4,884,352
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,138,579 Click to see attachment
List of Attached Documents:
// Content
12,918,422
12,918,422
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,721,256 Click to see attachment
List of Attached Documents:
// Content
7,602,890
7,602,890
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,809,231 25,405,664 25,405,664
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 16,809,231 25,405,664
29 Total net assets or fund balances (see instructions)..... 16,809,231 25,405,664
30 Total liabilities and net assets/fund balances (see instructions). 16,809,231 25,405,664
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
16,809,231
2
Enter amount from Part I, line 27a .....................
2
7,049,852
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,250,000
4
Add lines 1, 2, and 3 ..........................
4
26,109,083
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
703,419
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,405,664
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 NIKE INC CL B   2024-02-21 2024-07-10
b PAYPAL HOLDINGS INC SHS   2023-06-15 2024-03-05
c PAYPAL HOLDINGS INC SHS   2023-06-15 2024-03-05
d ADOBE INC   2021-06-11 2024-02-21
e ALIGN TECH INC DEL COM   2021-06-11 2024-06-10
ALPHABET INC SHS CL C   2021-06-11 2024-09-09
AMAZON COM INC COM   2021-09-27 2024-11-11
AMAZON COM INC COM   2021-06-11 2024-04-08
AMAZON COM INC COM   2021-06-11 2024-07-09
AMAZON COM INC COM   2021-06-11 2024-11-11
AUTODESK INC DEL PV$0.01   2022-01-14 2024-06-14
AUTODESK INC DEL PV$0.01   2021-09-27 2024-06-14
AUTODESK INC DEL PV$0.01   2021-06-11 2024-06-14
GARTNER INC   2021-06-11 2024-11-20
MICROSOFT CORP   2021-06-11 2024-09-09
NETFLIX COM INC   2022-02-10 2024-05-15
NIKE INC CL B   2021-06-11 2024-07-10
PAYPAL HOLDINGS INC SHS   2022-02-23 2024-03-05
PAYPAL HOLDINGS INC SHS   2022-02-23 2024-03-05
PAYPAL HOLDINGS INC SHS   2021-06-11 2024-03-05
SALESFORCE INC   2022-10-03 2024-08-21
SALESFORCE INC   2021-06-11 2024-07-01
SALESFORCE INC   2021-06-11 2024-08-21
SERVICENOW INC   2021-06-11 2024-02-22
SERVICENOW INC   2021-06-11 2024-11-20
UNITEDHEALTH GROUP INC   2021-06-11 2024-10-29
VULCAN VALUE PARTNERS   2023-12-07 2024-10-08
VULCAN VALUE PARTNERS   2022-12-08 2024-10-08
VULCAN VALUE PARTNERS   2022-12-08 2024-10-08
VULCAN VALUE PARTNERS   2021-12-09 2024-10-08
VULCAN VALUE PARTNERS   2021-12-09 2024-10-08
VULCAN VALUE PARTNERS   2021-05-19 2024-10-08
VANGUARD SHORT-TERM BOND INDEX FUND   2020-01-01 2024-10-11
MERRILL LYNCH- FPA LTCG DISTRIBUTIONS     2024-12-31
MERRILL LYNCH- FPA LTCG DISTRIBUTIONS     2024-12-31
CORONATION P 2014-10-01 2024-01-12
CORONATION P 2014-10-01 2024-11-22
MATRIX CAPITAL MANAGEMENT FUND (OFFSHORE) LTD. P 2020-10-23 2024-09-01
WELLS FARGO SECURITIES LITIGATION P   2024-11-22
CITIBANK ADR SETTLEMENT P   2024-12-10
GQG PARTNERS GLOBAL EQUITY FUND P   2024-12-31
GQG PARTNERS GLOBAL EQUITY FUND P   2024-12-31
LINDSELL TRAIN GLOBAL EQUITY LLC P   2024-12-31
LINDSELL TRAIN GLOBAL EQUITY LLC P   2024-12-31
PARAMETRIC DEFENSIVE FD P   2024-12-31
PARAMETRIC DEFENSIVE FD P   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 7,183   10,494 -3,311
b 3,246   3,486 -240
c 13,113   14,069 -956
d 18,041   18,266 -225
e 7,967   18,900 -10,933
14,672   12,277 2,395
32,191   26,479 5,712
16,881   15,196 1,685
11,605   9,685 1,920
619   501 118
6,357   7,211 -854
4,087   5,297 -1,210
17,710   21,661 -3,951
8,277   3,731 4,546
14,523   9,244 5,279
25,047   16,549 8,498
10,703   19,467 -8,764
4,371   7,562 -3,191
4,017   6,945 -2,928
7,738   35,389 -27,651
9,655   5,501 4,154
24,054   22,494 1,560
14,874   13,640 1,234
21,018   13,320 7,698
14,243   6,907 7,336
12,411   8,703 3,708
1,487   1,193 294
36,307   22,343 13,964
55,930   34,418 21,512
107,291   113,801 -6,510
49,595   52,604 -3,009
409,716   429,099 -19,383
600,000   616,948 -16,948
34,688     34,688
15,754     15,754
669,668   516,696 152,972
5,936     5,936
680,523   520,000 160,523
21     21
7     7
165,518     165,518
755,183     755,183
1,131     1,131
133,384     133,384
    2,477 -2,477
200,184     200,184
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       -3,311
b       -240
c       -956
d       -225
e       -10,933
      2,395
      5,712
      1,685
      1,920
      118
      -854
      -1,210
      -3,951
      4,546
      5,279
      8,498
      -8,764
      -3,191
      -2,928
      -27,651
      4,154
      1,560
      1,234
      7,698
      7,336
      3,708
      294
      13,964
      21,512
      -6,510
      -3,009
      -19,383
      -16,948
      34,688
      15,754
      152,972
      5,936
      160,523
      21
      7
      165,518
      755,183
      1,131
      133,384
      -2,477
      200,184
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Bracket 2 1,604,373
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 27,577
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 27,577
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 27,577
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 34,129
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 40,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 74,129
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 46,552
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow46,552 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDE, NJ
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
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 arrowTHE SANDY HILL FOUNDATION Telephone no.right arrow (973) 290-2333

Located atright arrow7 GIRALDA FARMS SUITE 330MADISONNJ ZIP+4right arrow07940
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
JOSEPH WALSH PRESIDENT
2.00
0 0 0
7 GIRALDA FARMS SUITE 330
MADISON,NJ07940
FRANK E WALSH JR CHAIRMAN
10.00
0 0 0
3392 BARROW ISLAND ROAD
JUPITER,FL33477
JEFFREY R WALSH SECRETARY
5.00
0 0 0
7 GIRALDA FARMS SUITE 330
MADISON,NJ07940
MARY D WALSH VICE PRESIDENT
0.00
0 0 0
3392 BARROW ISLAND ROAD
JUPITER,FL33477
MEGHAN WALSH CIOFFI VICE PRESIDENT
0.00
0 0 0
7 GIRALDA FARMS SUITE 330
MADISON,NJ07940
FRANK E WALSH III VICE PRESIDENT
5.00
0 0 0
7 GIRALDA FARMS SUITE 330
MADISON,NJ07940
MARIA K SAPOL TREASURER
5.00
0 0 0
7 GIRALDA FARMS SUITE 330
MADISON,NJ07940
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position
(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation
(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
7,035,671
b
Average of monthly cash balances.......................
1b
1,790,096
c
Fair market value of all other assets (see instructions)................
1c
8,162,073
d
Total (add lines 1a, b, and c).........................
1d
16,987,840
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
16,987,840
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
254,818
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
16,733,022
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
836,651
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
836,651
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
27,577
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
27,577
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
809,074
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
809,074
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
809,074
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
3,874,435
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
3,874,435
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 7 809,074
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...... 3,284,099
b From 2020...... 3,297,716
c From 2021...... 3,032,896
d From 2022...... 2,223,578
e From 2023...... 2,567,259
f Total of lines 3a through e ........ 14,405,548
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,874,435
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..... 809,074
e Remaining amount distributed out of corpus 3,065,361
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 17,470,909
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) ...
3,284,099
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ......
14,186,810
10 Analysis of line 9:
a Excess from 2020.... 3,297,716
b Excess from 2021.... 3,032,896
c Excess from 2022.... 2,223,578
d Excess from 2023.... 2,567,259
e Excess from 2024.... 3,065,361
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).)
FRANK E WALSH JR
MARY D WALSH
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.
FRANK E WALSH JR
MARY D WALSH
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
aPaid during the year

ADORER MISSIONARY SISTERS OF THE POOR INC

PO BOX 19895
WEST PALM BEACH,FL33416
  PC GENERAL FUND 50,000

AMERICAN CANCER SOCIETY

PO BOX 2306
HAZLETON,PA18201
  PC GENERAL FUND 5,000

AMERICARES

88 HAMILTON AVENUE
STAMFORD,CT06902
  PC GENERAL FUND 10,000

ARCHDIOCESE OF NEWARK

171 CLIFTON AVENUE PO BOX 9500
NEWARK,NJ071040500
  PC GENERAL FUND 10,000

BASECAMP 31

1250 STATE ROUTE 31
LEBANON,NJ088333238
  PC GENERAL FUND 5,000

BENNY'S BODEGA

166 SPRING STREET
NEWTON,NJ07680
  PC GENERAL FUND 5,000

BLOSSOM HILL FOUNDATION

PO BOX 143
NEW CANAAN,CT06840
  PC GENERAL FUND 5,000

BOYS & GIRLS CLUB OF NEWARK

1 AVON AVENUE
NEWARK,NJ07108
  PC GENERAL FUND 25,000

CALDWELL UNIVERSITY

120 BLOOMFIELD AVENUE
CALDWELL,NJ07006
  PC GENERAL FUND 5,000

CARE USA

151 ELLIS STREET NE
ATLANTA,GA30303
  PC GENERAL FUND 5,000

CAROLYN'S MISSION INC

15645 118TH TERRACE NORTH
JUPITER,FL33478
  PC GENERAL FUND 5,000

CASA FOR CHILDREN OF ESSEX COUNTY INC

212 WASHINGTON STREET ROOM 912
NEWARK,NJ07102
  PC GENERAL FUND 5,000

CATHOLIC CHARITIES DIOCESE OF PATERSON

777 VALLEY ROAD
CLIFTON,NJ07013
  PC GENERAL FUND 350,000

CLEVELAND CLINIC

9500 EUCLID AVENUE DV3
CLEVELAND,OH44195
  PC GENERAL FUND 25,000

COLUMBIA UNIVERSITY OPHTHALMOLOGY

PRESBYTERIAN HOSPITAL BLDG 18TH FL
BOX 200
NEW YORK,NY10032
  PC GENERAL FUND 20,000

COMMUNITY FOUNDATION OF NEW JERSEY

35 KNOX HILL ROAD
MORRISTOWN,NJ07960
  PC GENERAL FUND 500,000

COVENANT HOUSE NEW JERSEY

330 WASHINGTON STREET
NEWARK,NJ07102
  PC GENERAL FUND 10,000

COVENANT HOUSE NEW JERSEY

330 WASHINGTON STREET
NEWARK,NJ07102
  PC GENERAL FUND 10,000

CROHN'S & COLITIS FOUNDATION

733 THIRD AVENUE SUITE 510
NEW YORK,NY10017
  PC GENERAL FUND 5,000

DIOCESE OF PALM BEACH

PO BOX 109650 9995 NORTH MILITARY
TRAIL
PALM BEACH GARDENS,FL334109650
  PC GENERAL FUND 20,000

DIOCESE OF TRENTON

701 LAWRENCEVILLE ROAD PO BOX 5147
TRENTON,NJ086380147
  PC GENERAL FUND 5,000

EL SOL

106 MILTARY TRAIL
JUPITER,FL33458
  PC GENERAL FUND 100,000

EMPLOYMENT HORIZONS INC

10 RIDGEDALE AVENUE
CEDAR KNOLLS,NJ07927
  PC GENERAL FUND 10,000

EVA'S VILLAGE INC

393 MAIN STREET
PATERSON,NJ07501
  PC GENERAL FUND 7,500

EVA'S VILLAGE INC

393 MAIN STREET
PATERSON,NJ07501
  PC GENERAL FUND 40,000

FAIR SHARE HOUSING DEVELOPMENT

1 ETHEL LAWRENCE BOULEVARD
MOUNT LAUREL,NJ08054
  PC GENERAL FUND 25,000

FAMILY RESOURCE ASSOCIATES INC

210 NEWMAN SPRINGS ROAD
RED BANK,NJ07701
  PC GENERAL FUND 5,000

FAITH CENTER FOR THE ARTS

PO BOX 713
WHARTON,NJ07885
  PC GENERAL FUND 5,000

FEEDING SOUTH FLORIDA

2501 SW 32 TERRACE
PEMBROKE PARK,FL33023
  PC GENERAL FUND 10,000

FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC

5353 PARKSIDE DRIVE
JUPITER,FL33458
  PC GENERAL FUND 50,000

FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC

5353 PARKSIDE DRIVE
JUPITER,FL33458
  PC GENERAL FUND 50,000

FORGOTTEN SOLDIERS OUTREACH

3550 23RD AVENUE SOUTH SUITE 7
LAKE WORTH,FL33461
  PC GENERAL FUND 5,000

FOUNDATION FOR MORRISTOWN MEDICAL CENTER

310 SOUTH STREET 4TH FLOOR
MORRISTOWN,NJ07960
  PC GENERAL FUND 360,000

FOUNDATION FOR MORRISTOWN MEDICAL CENTER

310 SOUTH STREET 4TH FLOOR
MORRISTOWN,NJ07960
  PC GENERAL FUND 280,000

FRANCISCAN CHARITIES

242 SOUTH 8TH STREET
NEWARK,NJ07103
  PC GENERAL FUND 15,000

FREEDOM HOUSE

2004 STATE ROUTE 31 SUITE 9
CLINTON,NJ08809
  PC GENERAL FUND 10,000

FRIENDS OF MONTCLAIR TOWNSHIP ANIMAL SHELTER

PO BOX 3141
MONTCLAIR,NJ07043
  PC GENERAL FUND 5,000

FRIENDS OF ROXBURY SOCIAL SERVICES

72 EYLAND AVENUE
SUCCASUNNA,NJ07876
  PC GENERAL FUND 5,000

NEWARK DAY CENTER

43 HILL STREET
NEWARK,NJ07102
  PC GENERAL FUND 1,000

HABITAT FOR HUMANITY OF GREATER PALM BEACH COUNTY

6758 NORTH MILITARY TRAIL
RIVIERA BEACH,FL33407
  PC GENERAL FUND 5,000

HEARTSTRINGS INCORPORATED

845 TINTON AVE
TINTON FALLS,NJ07724
  PC GENERAL FUND 7,500

HILLSDALE COLLEGE

33 EAST COLLEGE STREET
HILLSDALE,MI49242
  PC GENERAL FUND 10,000

HOGAR MARIA FOUNDATION INC

PO BOX 3563
TEQUESTA,FL33469
  PC GENERAL FUND 1,000

HOLIDAY EXPRESS

151 INDUSTRIAL WAY EAST SUITE A4
EATONTOWN,NJ07724
  PC GENERAL FUND 5,000

IMMACULATA UNIVERSITY

1145 KING ROAD PO BOX 733
IMMACULATA,PA193450733
  PC GENERAL FUND 1,000

IMMACULATA UNIVERSITY

1145 KING ROAD PO BOX 733
IMMACULATA,PA193450733
  PC GENERAL FUND 500,000

IMMACULATA UNIVERSITY

1145 KING ROAD PO BOX 733
IMMACULATA,PA193450733
  PC GENERAL FUND 30,000

INTERNATIONAL MYELOMA FOUNDATION

440 COLDWATER CANYON AVENUE SUITE
300
STUDIO CITY,CA91604
  PC GENERAL FUND 5,000

INTEGRITY HOUSE

103 LINCOLN PARK
NEWARK,NJ07102
  PC GENERAL FUND 25,000

JONATHAN'S LANDING CARES INC

16823 CAPTAIN KIRLE DRIVE
JUPITER,FL33477
  PC GENERAL FUND 10,000

JUNIOR ACHIEVEMENT OF THE PALM BEACHES & TREASURE COAST

700 S ROSEMARY AVENUE SUITE 204
WEST PALM BEACH,FL33401
  PC GENERAL FUND 5,000

JUPITER MEDICAL CENTER FOUNDATION

1210 SOUTH OLD DIXIE HIGHWAY
JUPITER,FL33458
  PC GENERAL FUND 50,000

KALEIDOSCOPE OF HOPE OVARIAN CANCER FOUNDATION

PO BOX 1124
MADISON,NJ07940
  PC GENERAL FUND 5,000

LEHIGH UNIVERSITY

306 S NEW STREET SUITE 500
BETHLEHEM,PA180151652
  PC GENERAL FUND 23,500

LITTLE SISTERS OF THE POOR

140 SHEPHERD LANE
TOTOWA,NJ07512
  PC GENERAL FUND 25,000

LIVEGIRL

PO BOX 223
NEW CANAAN,CT06840
  PC GENERAL FUND 15,000

MALTZ JUPITER THEATRE FOUNDATION

1001 EAST INDIANTOWN ROAD
JUPITER,FL33477
  PC GENERAL FUND 10,000

MANHATTAN INSTITUE FOR POLICY RESEARCH INC

52 VANDERBILT AVENUE
NEW YORK,NY10017
  PC GENERAL FUND 10,000

MARKET STREET MISSION

9 MARKET STREET
MORRISTOWN,NJ07960
  PC GENERAL FUND 20,000

MARKET STREET MISSION

9 MARKET STREET
MORRISTOWN,NJ07960
  PC GENERAL FUND 5,000

MERCY CENTER (SISTERS ACADEMY OF NEW JERSEY)

1106 MAIN STREET
ASBURY PARK,NJ07712
  PC GENERAL FUND 2,000

MATTHEW C SELLITTO FOUNDATION INC

PO BOX 1
NEW VERNON,NJ07976
  PC GENERAL FUND 1,000

NATIONAL ABILITY CENTER

1000 ABILITY WAY
PARK CITY,UT84060
  PC GENERAL FUND 10,000

NATIONAL DOWN SYNDROME SOCIETY

1155 15TH STREET NW SUITE 540
WASHINGTON,DC20005
  PC GENERAL FUND 10,000

NEW COMMUNITY COPORATION

233 WEST MARKET STREET
NEWARK,NJ07103
  PC GENERAL FUND 5,000

NEW JERSEY PERFORMING ARTS CENTER

1 CENTER STREET
NEWARK,NJ07102
  PC GENERAL FUND 25,000

NOURISHNJ

57 E PARK PLACE
MORRISTOWN,NJ07960
  PC GENERAL FUND 10,000

OCEAN UNIVERSITY MEDICAL CENTER FOUNDATION

343 THORNALL STREET
EDISON,NJ08837
  PC GENERAL FUND 110,000

OPERATION HOLIDAY INC

51 SOUTH STREET SUITE 1
MORRISTOWN,NJ07960
  PC GENERAL FUND 10,000

OPERATION SMILE INC

3641 FACULTY BLVD
VIRGINIA BEACH,VA23453
  PC GENERAL FUND 5,000

OPPORTUNITY PROJECT INC

60 EAST WILLOW STREET
MILBURN,NJ07041
  PC GENERAL FUND 5,000

OUR LADY OF FLORIDA SPIRITUAL CENTER

1300 US HIGHWAY ONE
NORTH PALM BEACH,FL334083294
  PC GENERAL FUND 5,000

OVERLOOK FOUNDATION

46-BEAUVOIR AVENUE
SUMMIT,NJ07901
  PC GENERAL FUND 25,000

PALM BEACH DRAMAWORKS

201 CLEMATIS STREET
WEST PALM BEACH,FL33401
  PC GENERAL FUND 20,000

PALM BEACH HARVEST INC

4601 S FLAGLER DRIVE
WEST PALM BEACH,FL33405
  PC GENERAL FUND 10,000

PAPER MILL PLAYHOUSE

22 BROOKSIDE DRIVE
MILLBURN,NJ07041
  PC GENERAL FUND 10,000

POINTS OF LIGHT

101 MARIETTA STREET SUITE 3100
ATLANTA,GA30303
  PC GENERAL FUND 10,000

POPE JOHN XXIII REGIONAL HIGH SCHOOL

28 ANDOVER ROAD
SPARTA,NJ07871
  PC GENERAL FUND 7,500

PORT MONMOUTH FIRST AID SQUAD

194 WILSON AVENUE PO BOX 113
PORT MONMOUTH,NJ07758
  PC GENERAL FUND 7,500

PROJECT SELF SUFFICIENCY

127 MILL STREET
NEWTON,NJ07860
  PC GENERAL FUND 5,000

PROJECT SELF SUFFICIENCY

127 MILL STREET
NEWTON,NJ07860
  PC GENERAL FUND 7,500

RENEW INTERNATIONAL

1232 GEORGE STREET
PLAINFIELD,NJ070621717
  PC GENERAL FUND 10,000

ROXBURY ART ALLIANCE INC

PO BOX 327
LEDGEWOOD,NJ07852
  PC GENERAL FUND 5,000

SETON HALL UNIVERSITY - PIRATE BLUE ATHLETIC FUND

400 SOUTH ORANGE AVENUE
SOUTH ORANGE,NJ070792691
  PC GENERAL FUND 100,000

SETON HALL UNIVERSITY

457 CENTRE STREET
SOUTH ORANGE,NJ070792691
  PC GENERAL FUND 325,000

SETON HALL PREPARATORY SCHOOL

120 NORTHFIELD AVENUE
WEST ORANGE,NJ07052
  PC GENERAL FUND 5,000

SHRINERS HOSPITALS FOR CHILDREN

2900 ROCKY POINT DRIVE
TAMPA,FL33607
  PC GENERAL FUND 5,000

SISTERS OF CHARITY OF SAINT ELIZABETH

PO BOX 476
CONVENT STATION,NJ079610476
  PC GENERAL FUND 5,000

SOCIETY OF ST VINCENT DE PAUL

1701 INDIAN CREEK PARKWAY
JUPITER,FL33458
  PC GENERAL FUND 10,000

SPECIAL OLYMPICS FLORIDA

1915 DON WICKHAM DRIVE
CLERMONT,FL34711
  PC GENERAL FUND 5,000

ST BRIGID CHURCH

PO BOX 33
PEAPACK,NJ07977
  PC GENERAL FUND 5,000

ST JOHN'S CHURCH

PO BOX 200147
NEWARK,NJ07102
  PC GENERAL FUND 10,000

ST JUDE'S CHILDREN'S RESEARCH HOSPITAL

501 ST JUDE PLACE
MEMPHIS,TN38105
  PC GENERAL FUND 5,000

STAR INC

182 WOLFPIT AVENUE
NORWALK,CT06851
  PC GENERAL FUND 10,000

SUNSET HOUSE INC

8800 SUNSET DRIVE
PALM BEACH GARDENS,FL33410
  PC GENERAL FUND 10,000

SUPPORTERS OF BLOOMFIELD ANIMAL SHELTER

PO BOX 241
BLOOMFIELD,NJ07003
  PC GENERAL FUND 5,000

TAX FOUNDATION

1325 G STREET NW SUITE 950
WASHINGTON,DC20005
  PC GENERAL FUND 10,000

TEAM WALKER INC

373 COMMUNIPAW AVENUE
JERSEY CITY,NJ07304
  PC GENERAL FUND 10,000

THE ALS ASSOCIATION

1300 WILSON BLVD SUITE 600
ARLINGTON,VA22209
  PC GENERAL FUND 5,000

THE ALS ASSOCIATION

1300 WILSON BLVD SUITE 600
ARLINGTON,VA22209
  PC GENERAL FUND 5,000

THE ARC OF PALM BEACH COUNTY INC

1201 AUSTRALIAN AVE
RIVIERA BEACH,FL33404
  PC GENERAL FUND 10,000

THE BANNER LAKE CLUB INC

12212 SE LANTANA AVENUE
HOBE SOUND,FL33475
  PC GENERAL FUND 10,000

THE BUONICONTI FUND TO CURE PARALYSIS

1095 NW 14TH TERRACE
MIAMI,FL33136
  PC GENERAL FUND 15,000

THE GUATEMALAN TOMORROW FUND INC

PO BOX 3636
TEQUESTA,FL33469
  PC GENERAL FUND 5,000

THE JOHN F KENNEDY CENTER FOR THE PERFORMING ARTS

2700 F STREET NW
WASHINGTON,DC20566
  PC GENERAL FUND 35,000

THE LEUKEMIA & LYMPHOMA SOCIETY

3 INTERNATIONAL DRIVE SUITE 200
RYE BROOK,NY10573
  PC GENERAL FUND 10,000

THE MICHAEL J FOX FOUNDATION FOR PARKINSON'S RESEARCH

GRAND CENTRAL STATION PO BOX 4777
NEW YORK,NY10163
  PC GENERAL FUND 5,000

THE RAYMOND F KRAVIS CENTER FOR THE PERFORMING ARTS INC

701 OKEECHOBEE BOULEVARD
WEST PALM BEACH,FL33401
  PC GENERAL FUND 2,000

THE SANDY HOOK FOUNDATION

84 MERCER ROAD
HIGHLANDS,NJ07732
  PC GENERAL FUND 2,500

THE SEEING EYE

PO BOX 375
MORRISTOWN,NJ079630375
  PC GENERAL FUND 5,000

TRI-COUNTY SCHOLARSHIP FUND

14 WEST MAIN STREET
MENDHAM,NJ07945
  PC GENERAL FUND 25,000

TWIN LIGHTS HISTORICAL SOCIETY

2 LIGHT HOUSE ROAD
HIGHLANDS,NJ07732
  PC GENERAL FUND 2,500

UNITED NEGRO COLLEGE FUND

1905 7TH STREET NW
WASHINGTON,DC20001
  PC GENERAL FUND 5,000

UNITED WAY OF PALM BEACH COUNTY

477 SOUTH ROSEMARY AVENUE SUITE 230
WEST PALM BEACH,FL33401
  PC GENERAL FUND 25,000

UNIVERSITY OF VERMONT FOUNDATION

411 MAIN STREET
BURLINGTON,VT05401
  PC GENERAL FUND 10,000

US OLYMPIC & PARALYMPIC FOUNDATION

1 OLYMPIC PLAZA
COLORADO SPRINGS,CO80909
  PC GENERAL FUND 5,000

WOUNDED VETERANS RELIEF FUND

300 PROSPERITY FARMS RD UNIT F
NORTH PALM BEACH,FL33408
  PC GENERAL FUND 25,000
Total .................................right arrow 3a 3,874,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ...........
    14 9,569  
4 Dividends and interest from securities ....     14 215,512  
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 ............
    18 351,450  
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) .. 0 576,531 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
576,531
(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
THE SANDY HILL FOUNDATION
 
Employer identification number

22-2668774
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


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

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
THE SANDY HILL FOUNDATION
 
Employer identification number
22-2668774
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
FRANK E AND MARY D WALSH
3392 BARROW ISLAND ROAD
 
JUPITER, FL33477

$ 93,927


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
2
FRANK E WALSH JR
3392 BARROW ISLAND ROAD
 
JUPITER, FL33477

$ 3,000,000


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
3
FRANK E WALSH JR
3392 BARROW ISLAND ROAD
 
JUPITER, FL33477

$ 7,259,229


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

$  


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

$  


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

$  


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

22-2668774
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
3
1035 SH ADVANCED MICRO DEVICES, INC. (AMD) $ 130,591 2024-12-26
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
3
2204 SH APPLE, INC. (AAPL) $ 570,538 2024-12-26
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
3
1008 SH ARISTA NETWORKS INC. (ANET) $ 115,280 2024-12-26
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
3
5300 SH BROADCOM INC. (AVGO) $ 1,284,932 2024-12-26
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
3
212 SH CADENCE DESIGN SYSTEMS, INC (CDNS) $ 65,265 2024-12-26
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
3
1050 SH CHIPOTLE MEXICAN GRILL, INC. (CMG) $ 64,874 2024-12-26
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
THE SANDY HILL FOUNDATION
 
Employer identification number

22-2668774
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
3
259 SH GE VERNOVA, INC. (GEV) $ 88,669 2024-12-26
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
3
516 SH OF HOWMET AEROSPACE, INC. (HWM) $ 57,704 2024-12-26
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
3
177 SH KLA CORP. (KLAC) $ 114,691 2024-12-26
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
3
857 SH ELI LILLY & CO (LLY) $ 683,633 2024-12-26
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
3
26,020 SH NVIDIA CORP (NVDA) $ 3,624,326 2024-12-26
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
3
502 SH QUANTA SERVICES, INC. (PWR) $ 165,178 2024-12-26
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
THE SANDY HILL FOUNDATION
 
Employer identification number

22-2668774
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
3
433 SH ROYAL CARIBBEAN GROUP (RCL) $ 103,019 2024-12-26
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
3
70 SH SYNOPSYS, INC. (SNPS) $ 34,846 2024-12-26
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
3
215 SH UNITED RENTALS, INC. (URI) $ 155,683 2024-12-26
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE SANDY HILL FOUNDATION
 
Employer identification number

22-2668774
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:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ANTHONY M. CICITTA JR. CPA PC 340 170   170

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

TY 2024 GainLossSaleOtherAssetsSch
Name:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
FURNITURE & FIXTURES 2000-01 PURCHASED 2024-12     777 COST 0   777

TY 2024 InvestmentsCorpStockSchedule
Name:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 44,000 44,000
ACCENTURE PLC 37,993 37,993
ADOBE INC. 42,689 42,689
ADVANCED MICRO DEVICES INC. 125,018 125,018
AIRBNB INC. 35,218 35,218
ALPHABET INC. - CL C 72,939 72,939
AMAZON 141,726 141,726
APPLE, INC. 605,766 605,766
ARISTA NETWORKS INC. 111,414 111,414
BROADCOM INC. 1,228,752 1,228,752
CADENCE DESIGN SYSTEMS, INC. 63,698 63,698
CHIPOTLE MEXICAN GRILL, INC. 63,315 63,315
COSTAR GROUP INC. 16,179 16,179
ELI LILLY & CO 697,116 697,116
GARTNER 16,472 16,472
GE VERNOVA, INC. 85,193 85,193
HOWMET AEROSPACE, INC. 56,435 56,435
KLA CORP. 111,531 111,531
MASTERCARD 57,396 57,396
MICROSOFT 85,986 85,986
MSCI INC. 40,201 40,201
NETFLIX 53,479 53,479
NOVO NORDISK AS ADR 16,430 16,430
NVIDIA CORP. 3,494,226 3,494,226
ORACLE CORP. 58,657 58,657
PAYCOM SOFTWARE INC. 20,292 20,292
QUANTA SERVICES, INC. 158,657 158,657
ROYAL CARIBBEAN GROUP 99,889 99,889
SERVICENOW 57,246 57,246
SHOPIFY INC. CL A 55,292 55,292
SYNOPSYS, INC. 33,975 33,975
THERMO FISHER SCIENTIFIC 43,699 43,699
UNITED HEALTH GROUP 19,729 19,729
UNITED RENTALS, INC. 151,455 151,455
VISA 65,736 65,736
WORKDAY INC. 33,028 33,028
ZOETIS INC. 40,570 40,570
CORONATION GLOBAL EMERGING MARKETS 8 8
FPA CRESCENT FUND 843,484 843,484
VANGUARD 500 INDEX FUND 1,590,359 1,590,359
VANGUARD SHORT TERM BOND FUND 2,343,174 2,343,174

TY 2024 InvestmentsOtherSchedule2
Name:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GQG PARTNERS GLOBAL EQ FUND FMV 2,006,457 2,006,457
LINDSELL TRAIN GLOBAL EQUITY LLC FMV 2,177,981 2,177,981
MATRIX CAPITAL MGMT FUND (OFFSHORE) FMV 657,657 657,657
PARAMETRIC DEFENSIVE EQUITY FUND FMV 2,760,795 2,760,795

TY 2024 OtherDecreasesSchedule
Name:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Description Amount
UNREALIZED GAIN/LOSS ON INVESTMENTS 703,419


TY 2024 OtherExpensesSchedule
Name:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER FEES 125 0   125
BANK FEES 60 0   60


TY 2024 OtherIncomeSchedule2
Name:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 0 -1,098 0


TY 2024 OtherIncreasesSchedule
Name:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Description Amount
PARTNERSHIP DISTRIBUTIONS 2,250,000


TY 2024 OtherProfessionalFeesSchedule
Name:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISOR FEES 155 40,080   0


TY 2024 TaxesSchedule
Name:
THE SANDY HILL FOUNDATION
EIN:
22-2668774
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FILING FEE 80 0   80
FOREIGN WITHHOLDING TAX 75 6,874   0
FEDERAL EXCISE TAX 5,000 0   0