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
TF Educational Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)580 Silver Spur Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Rancho Palos Verdes, CA90275
A Employer identification number

61-1504200
B Telephone number (see instructions)

(313) 265-6873
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$15,383,413J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 244,688 244,688  
4 Dividends and interest from securities... 129,516 129,516  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 623,330
b Gross sales price for all assets on line 6a 9,979,389
7 Capital gain net income (from Part IV, line 2)... 623,330
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-14,399 -14,399 0
12 Total. Add lines 1 through 11........ 983,135 983,135 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
13,627 6,814 0 6,813
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
116,992 116,992 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
24,041 0 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
120 0 0 120
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 154,780 123,806 0 6,933
25 Contributions, gifts, grants paid....... 1,343,354 3,590,500
26 Total expenses and disbursements. Add lines 24 and 25 1,498,134 123,806 0 3,597,433
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -514,999
b Net investment income (if negative, enter -0-) 859,329
c Adjusted net income (if negative, enter -0-)... 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............. 7,288 97,041 97,041
2 Savings and temporary cash investments......... 1,469,759 1,759,842 1,759,842
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 834 0 0
10a Investments—U.S. and state government obligations (attach schedule) 4,970,220 Click to see attachment
List of Attached Documents:
// Content
1,476,736 		1,476,736
b Investments—corporate stock (attach schedule)....... 5,652,656 Click to see attachment
List of Attached Documents:
// Content
6,512,840 		6,512,840
c Investments—corporate bonds (attach schedule)....... 2,098,128 Click to see attachment
List of Attached Documents:
// Content
1,704,717 		1,704,717
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,148,686 Click to see attachment
List of Attached Documents:
// Content
3,832,237 		3,832,237
14 Land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,347,571 15,383,413 15,383,413
Liabilities 17 Accounts payable and accrued expenses.......... 0  
18 Grants payable................. 5,159,172 2,912,026
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
38,363 		Click to see attachment
List of Attached Documents:
// Content
55,570
23 Total liabilities (add lines 17 through 22)......... 5,197,535 2,967,596
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........... 12,150,036 12,415,817
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 12,150,036 12,415,817
30 Total liabilities and net assets/fund balances (see instructions). 17,347,571 15,383,413
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
12,150,036
2
Enter amount from Part I, line 27a .....................
2
-514,999
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
780,780
4
Add lines 1, 2, and 3 ..........................
4
12,415,817
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,415,817
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 PUBLICLY TRADED SECURITIES      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 9,979,389   9,356,059 623,330
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a     0 623,330
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 623,330
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 11,945
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-) Click to see attachment
List of Attached Documents:
// Content
2 0
3 Add lines 1 and 2........................... 3 11,945
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 11,945
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 9,732
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 24,732
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 12,787
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow12,787 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowGARY TURPANJIAN Telephone no.right arrow (313) 265-6783

Located atright arrow580 Silver Spur RdRancho Palos VerdesCA ZIP+4right arrow90275
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Gerald Turpanjian Director, President
4.00 		0 0 0
580 Silver Spur Rd
Rancho Palos Verdes,CA90275
Patricia Turpanjian Director, Vice-President
4.00 		0 0 0
580 Silver Spur Rd
Rancho Palos Verdes,CA90275
Lori Muncherian Director, Secretary, President
4.00 		0 0 0
580 Silver Spur Rd
Rancho Palos Verdes,CA90275
Gary Turpanjian Director, CFO
4.00 		0 0 0
580 Silver Spur Rd
Rancho Palos Verdes,CA90275
Deanna Nazarian Director, Secretary
4.00 		0 0 0
580 Silver Spur Rd
Rancho Palos Verdes,CA90275
Paul Turpanjian Director
4.00 		0 0 0
580 Silver Spur Rd
Rancho Palos Verdes,CA90275
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
 
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
Bank of America Investment management 116,992
114 W 47TH ST
NEW YORK,NY10036
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
15,601,463
b
Average of monthly cash balances.......................
1b
1,212,424
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
16,813,887
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
 
3
Subtract line 2 from line 1d.........................
3
16,813,887
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
252,208
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
16,561,679
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
828,084
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
828,084
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
11,945
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
11,945
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
816,139
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
816,139
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
816,139
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
3,597,433
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
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,597,433
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 7 816,139
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 2021, 2020 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 2,020,902
b From 2020...... 1,752,542
c From 2021...... 4,144,369
d From 2022...... 2,287,866
e From 2023...... 2,735,949
f Total of lines 3a through e ........ 12,941,628
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,597,433
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..... 816,139
e Remaining amount distributed out of corpus 2,781,294
5 Excess distributions carryover applied to 2024.   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 15,722,922
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...... 		 
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) ... 		2,020,902
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		13,702,020
10 Analysis of line 9:
a Excess from 2020.... 1,752,542
b Excess from 2021.... 4,144,369
c Excess from 2022.... 2,287,866
d Excess from 2023.... 2,735,949
e Excess from 2024.... 2,781,294
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or 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

American University of Armenia

300 Lakeside Dr 5th Floor
Oakland,CA94612 		  PC GENERAL OPERATING SUPPORT 1,310,000

Armenian General Benevolent Union

55 East 59th St
New York,NY10022 		  PC GENERAL OPERATING SUPPORT 175,000

Armenian Missionary Association of America

31 W Century Rd
Paramus,NJ07652 		  PC GENERAL OPERATING SUPPORT 80,000

Arpa Foundation for Film Music and Arts

2919 Maxwell St
Los Angeles,CA90027 		  PC GENERAL OPERATING SUPPORT 15,000

Central High School Alumni Association

18335 Rancho St
Tarzana,CA91356 		  PC GENERAL OPERATING SUPPORT 10,000

Knights of Vartan Charitable Fund

38228 Lana Dr
Farmington Hills,MI48335 		  PC GENERAL OPERATING SUPPORT 1,000

Lark Musical Society

543 Arden Ave
Glendale,CA91203 		  PC GENERAL OPERATING SUPPORT 2,500

Nor Or Charitable Foundation Inc

1901 N Allen Ave
Altadena,CA91001 		  PC GENERAL OPERATING SUPPORT 5,000

Saint Peter Armenian Apostolic Church

17231 Sherman Way
Van Nuys,CA91406 		  PC GENERAL OPERATING SUPPORT 1,000

Torrance Memorial Med Ctr Health Care Fdn

3300 Lomita Blvd
Torrance,CA90505 		  PC GENERAL OPERATING SUPPORT 1,030,000

United Armenian congregational Church

3480 Cahuenga Blvd W
Los Angeles,CA90068 		  PC GENERAL OPERATING SUPPORT 6,000

Western Diocese of the Armenian Church

3325 N Glenoaks Blvd
Burbank,CA91504 		  PC GENERAL OPERATING SUPPORT 955,000
Total .................................right arrow 3a 3,590,500
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 ........... 		    14 244,688  
4 Dividends and interest from securities ....     14 129,516  
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 ............ 		    18 623,330  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    14 -14,399  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 983,135 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
983,135
(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: 24020961
Software Version: 2024v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
TF Educational Foundation
EIN:
61-1504200
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING EXPENSE 13,627 6,814 0 6,813

TY 2024 InvestmentsCorpBondsSchedule
Name:
TF Educational Foundation
EIN:
61-1504200
Software ID:
24020961
Software Version:
2024v5.1
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES GLB 0 0
ABBVIE INC 0 0
AERCAP IRELAND CAP/GLOBA COMPANY 0 0
AMGEN INC 0 0
ANTHEM INC 0 0
APPLE INC 0 0
BANK OF NOVA SCOTIA SENIOR UNSECURED 0 0
BARCLAYS PLC 57,070 57,070
CAPITAL ONE FINANCIAL CO 36,141 36,141
CARMAX AUTO OWN ABS 2023 49,027 49,027
CHARLES SCHWAB CORP 20,998 20,998
CHUBB INA HOLDINGS INC 0 0
CITIGROUP INC 0 0
COMCAST CORP 0 0
CONSTELLATION BRANDS INC 0 0
CONSTELLATION BRANDS INC COMPANY 0 0
CVS HEALTH CORP 44,232 44,232
DUKE ENERGY CORP 0 0
ENERGY TRANSFER OPERATNG GLB 0 0
FISERV INC 0 0
FNMA PCB3586 146,404 146,404
FNMA PFS2442 134,366 134,366
FNMA PFS5284 138,936 138,936
FNMA PFS5843 141,586 141,586
FNMA PFS7752 165,159 165,159
FNMA PFS8237 142,461 142,461
FNMA PMA4784 160,707 160,707
GOLDMAN SACHS GROUP INC 63,392 63,392
GOLDMAN SACHS GROUP INC GLB 0 0
HCA INC 35,255 35,255
HOME DEPOT INC 24,662 24,662
JPMORGAN CHASE & CO 48,715 48,715
KROGER CO 33,898 33,898
LYONDELLBASELL IND NV GLB 0 0
MICRON TECHNOLOGY INC 19,520 19,520
MORGAN STANLEY 34,426 34,426
MORGAN STANLEY 0 0
NEXTERA ENERGY CAPITAL COMPANY 49,134 49,134
PARKER-HANNIFIN CORP 14,842 14,842
PHILIP MORRIS INTL INC 20,600 20,600
ROYAL BANK OF CANADA GLB 23,918 23,918
SHIREACQ INVIRELAND DA 0 0
TARGA RESOURCES PARTNERS 15,569 15,569
TORONTO-DOMINION BANK 0 0
UNITED TECHNOLOGIES CORP 0 0
UNITEDHEALTH GROUP INC 14,232 14,232
UNITEDHEALTH GROUP INC 0 0
US BANCORP 0 0
VOLKSWAGEN AUTO ABS 2024 49,459 49,459
WARNER MEDIA HOLDINGS INC 20,008 20,008
WELLS FARGO & COMPANY 0 0
WISCONSIN ENERGY CORP 0 0

TY 2024 InvestmentsCorpStockSchedule
Name:
TF Educational Foundation
EIN:
61-1504200
Software ID:
24020961
Software Version:
2024v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
AIR PRODS & CHEMS INC 0 0
AMPHENOL CORP NEW 175,014 175,014
ANALOG DEVICES INC COM 56,302 56,302
APOLLO GLOBAL MANAGEMENT 41,290 41,290
BOSTON SCIENTIFIC CORP 62,524 62,524
BROADCOM INC 243,432 243,432
CHENIERE ENERGY 51,569 51,569
CHEVRON CORP 96,319 96,319
CONSTELLATION ENERGY 51,453 51,453
CVS HEALTH CORP 0 0
EQUINIX INC 0 0
FREEPORT-MCMORAN INC 75,208 75,208
FULLER & THALER BEHAVIORAL 1,828,215 1,828,215
GE AEROSPACE 30,022 30,022
IDEX CORP 0 0
INTERCONTINENTAL EXCHANGE INC 119,208 119,208
JANUS HENDERSON 1,018,549 1,018,549
JOHN HANCOCK FDS III DISCIPLINED 873,138 873,138
JOHNSON AND JOHNSON COM 31,816 31,816
JP MORGAN CHASE & CO 23,971 23,971
MERCK AND CO INC SHS 84,558 84,558
MICROSOFT CORP 276,083 276,083
MONDELEZ INTERNATIONAL 29,865 29,865
MORGAN STANLEY 0 0
NEXTERA ENERGY INC 100,724 100,724
NORTHROP GRUMMAN CORP 103,244 103,244
NVIDIA 44,316 44,316
PACER US CASH COWS100 429,248 429,248
PALO ALTO NETWORKS INC 36,392 36,392
PROLOGIS INC 0 0
QUANTA SERVICES INC 66,371 66,371
S&P GLOBAL INC 86,159 86,159
SCHWAB US DIVIDEND EQTY 0 0
SEMPRA 52,632 52,632
SERVICENOW INC 42,405 42,405
SIMON PROPERTY GROUP 34,442 34,442
STRYKER CORP 120,617 120,617
THERMO FISHER SCIENTIFIC 83,237 83,237
VERTIV HDLG CO 59,077 59,077
VISA INC CL A COM 0 0
WELLS FARGO & CO 42,144 42,144
WILLIAMS COMPANIES 43,296 43,296

TY 2024 InvestmentsGovtObligationsSch
Name:
TF Educational Foundation
EIN:
61-1504200
Software ID:
24020961
Software Version:
2024v5.1
US Government Securities - End of Year Book Value:

1,476,736
US Government Securities - End of Year Fair Market Value:

1,476,736
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
TF Educational Foundation
EIN:
61-1504200
Software ID:
24020961
Software Version:
2024v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ASML HLDG NV NY REG SHS FMV 62,377 62,377
ASTRAZENECA PLC SPND ADR FMV 32,105 32,105
CAMECO CORP COM FMV 46,251 46,251
EATON CORP PLC FMV 73,011 73,011
GLOBAL X FUNDS GLOBAL X ROBOTICS FMV 367,425 367,425
INVESCO FTSE RAFI US 1000 PORTFOLIO ETF FMV 786,630 786,630
ISHARES BIOTECHNOLOGY ETF FMV 59,495 59,495
ISHARES EDGE MSCI FMV 641,088 641,088
ISHARES MSCI MEXICO FMV 0 0
ISHARES RUSSELL 1000 GROWTH ETF FMV 393,548 393,548
LVMH MOET HENNESSY ADR FMV 58,811 58,811
SPDR GOLD TRUST FMV 1,186,437 1,186,437
SPDR S&P 500 ETF TRUST FMV 0 0
SPDR S&P AEROSPACE & DR S&P AEROSPACE & DEFEN FMV 94,517 94,517
Accrued Income FMV 30,542 30,542

TY 2024 OtherExpensesSchedule
Name:
TF Educational Foundation
EIN:
61-1504200
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE FILING FEES 100 0 0 100
LICENSE EXPENSE 20 0 0 20


TY 2024 OtherIncomeSchedule2
Name:
TF Educational Foundation
EIN:
61-1504200
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INVESTMENT INCOME -14,399 -14,399  


TY 2024 OtherIncreasesSchedule
Name:
TF Educational Foundation
EIN:
61-1504200
Software ID:
24020961
Software Version:
2024v5.1
Description Amount
UNREALIZED GAIN ON INVESTMENTS 780,780


TY 2024 OtherLiabilitiesSchedule
Name:
TF Educational Foundation
EIN:
61-1504200
Software ID:
24020961
Software Version:
2024v5.1
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED TAX LIABILITY 38,363 55,570


TY 2024 OtherProfessionalFeesSchedule
Name:
TF Educational Foundation
EIN:
61-1504200
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 116,992 116,992 0 0


TY 2024 TaxesSchedule
Name:
TF Educational Foundation
EIN:
61-1504200
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 9,216 0 0 0
DEFERRED TAX EXPENSE 14,825 0 0 0