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
BRAVO FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2110 NW 23RD AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MIAMI, FL33142
A Employer identification number

82-3513069
B Telephone number (see instructions)

(415) 363-0378
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$69,799,884J 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) 15,170,500
2 Check right arrow.............
3 Interest on savings and temporary cash investments 3,114 3,114 3,114
4 Dividends and interest from securities... 1,441,351 1,441,351 1,441,351
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,290,858
b Gross sales price for all assets on line 6a 20,118,946
7 Capital gain net income (from Part IV, line 2)... 10,173,101
8 Net short-term capital gain......... 720
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,425,793 644,626 1,425,793
12 Total. Add lines 1 through 11........ 19,331,616 12,262,192 2,870,978
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 484,697 0 0 483,431
14 Other employee salaries and wages...... 491,963 0 0 493,228
15 Pension plans, employee benefits....... 152,310 0 0 152,310
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
42,483 0 0 42,483
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
184,000 0 0 184,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
39,000 0 0 39,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
595,488 12,094 0 388,325
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
20,426 0 90,441
20 Occupancy.............. 108,129 0 0 108,129
21 Travel, conferences, and meetings....... 129,853 0 0 129,853
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
3,879,996 73,544 19,862 3,189,846
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,128,345 85,638 110,303 5,210,605
25 Contributions, gifts, grants paid....... 570,000 570,000
26 Total expenses and disbursements. Add lines 24 and 25 6,698,345 85,638 110,303 5,780,605
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 12,633,271
b Net investment income (if negative, enter -0-) 12,176,554
c Adjusted net income (if negative, enter -0-)... 2,760,675
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............. 696,918 1,463,012 1,463,012
2 Savings and temporary cash investments......... 5,866,272 12,610,056 12,610,056
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,434,435 Click to see attachment
List of Attached Documents:
// Content
981,919 		981,919
b Investments—corporate stock (attach schedule)....... 9,981,066 Click to see attachment
List of Attached Documents:
// Content
22,757,359 		22,757,359
c Investments—corporate bonds (attach schedule)....... 2,016,284 Click to see attachment
List of Attached Documents:
// Content
2,011,122 		2,011,122
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).......... 31,913,262 Click to see attachment
List of Attached Documents:
// Content
28,883,003 		28,883,003
14 Land, buildings, and equipment: basis right arrow735,957
Less: accumulated depreciation (attach schedule) right arrow528,345 331,698 Click to see attachment
List of Attached Documents:
// Content
207,612 		207,612
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
887,421 		Click to see attachment
List of Attached Documents:
// Content
885,801 		Click to see attachment
List of Attached Documents:
// Content
885,801
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 54,127,356 69,799,884 69,799,884
Liabilities 17 Accounts payable and accrued expenses.......... 76,432 57,824
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) Click to see attachment
List of Attached Documents:
// Content
202,654 		Click to see attachment
List of Attached Documents:
// Content
334,235
23 Total liabilities (add lines 17 through 22)......... 279,086 392,059
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 53,848,270 69,407,825
29 Total net assets or fund balances (see instructions)..... 53,848,270 69,407,825
30 Total liabilities and net assets/fund balances (see instructions). 54,127,356 69,799,884
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
53,848,270
2
Enter amount from Part I, line 27a .....................
2
12,633,271
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
9,743,460
4
Add lines 1, 2, and 3 ..........................
4
76,225,001
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
6,817,176
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
69,407,825
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 CHARLES SCHWAB X4158 - PUBLICLY TRADED SECURITIES   2023-03-01 2024-03-06
b CHARLES SCHWAB X4158 - PUBLICLY TRADED SECURITIES   2023-01-24 2024-04-30
c CHARLES SCHWAB X4158 - PUBLICLY TRADED SECURITIES   2018-03-06 2024-04-30
d CHARLES SCHWAB X4158 - PUBLICLY TRADED SECURITIES   2024-04-29 2024-04-30
e CHARLES SCHWAB X4158 - PUBLICLY TRADED SECURITIES   2018-03-13 2024-06-10
CHARLES SCHWAB X4158 - PUBLICLY TRADED SECURITIES   2024-01-01 2024-02-28
CHARLES SCHWAB X4158 - PUBLICLY TRADED SECURITIES   2021-01-01 2024-09-26
CHARLES SCHWAB X4158 - PUBLICLY TRADED SECURITIES   2024-01-29 2024-03-26
CHARLES SCHWAB X4158 - PUBLICLY TRADED SECURITIES   2024-04-22 2024-04-29
CHARLES SCHWAB X4158 - PUBLICLY TRADED SECURITIES   2023-01-24 2024-02-01
CHARLES SCHWAB X7327 - PUBLICLY TRADED SECURITIES   2023-05-02 2024-03-27
THOMA BRAVO CREDIT FUND II FEEDER, L.P. P 2023-01-01 2024-12-31
THOMA BRAVO CREDIT FUND II FEEDER, L.P. P 2024-01-01 2024-12-31
THOMA BRAVO DISCOVER FUND III, L.P. P 2023-01-01 2024-12-31
THOMA BRAVO FUND XIII, L.P. P 2023-01-01 2024-12-31
THOMA BRAVO FUND XIII, L.P. P 2024-01-01 2024-12-31
THOMA BRAVO FUND XIV GLOBAL, L.P. P 2024-01-01 2024-12-31
THOMA BRAVO FUND XIV, L.P. P 2023-01-01 2024-12-31
CHARLES SCHWAB X7327 - PUBLICLY TRADED SECURITIES   2018-01-01 2024-07-30
CHARLES SCHWAB X7327 - PUBLICLY TRADED SECURITIES   2023-10-01 2024-10-10
CHARLES SCHWAB X4158 - PUBLICLY TRADED SECURITIES   2023-12-11 2024-01-11
CHARLES SCHWAB X4158 - PUBLICLY TRADED SECURITIES   2024-02-01 2024-04-02
CHARLES SCHWAB X7327 - PUBLICLY TRADED SECURITIES   2023-10-01 2024-10-22
CHARLES SCHWAB X4158 - PUBLICLY TRADED SECURITIES   2023-10-13 2024-04-18
CHARLES SCHWAB X7327 - PUBLICLY TRADED SECURITIES   2023-01-27 2024-03-27
CHARLES SCHWAB X7327 - PUBLICLY TRADED SECURITIES   2023-05-02 2024-05-30
CHARLES SCHWAB X7327 - PUBLICLY TRADED SECURITIES   2023-05-02 2024-07-30
CHARLES SCHWAB X7327 - PUBLICLY TRADED SECURITIES   2014-12-15 2024-08-15
CHARLES SCHWAB X7327 - PUBLICLY TRADED SECURITIES   2014-12-15 2024-12-04
CHARLES SCHWAB X7327 - PUBLICLY TRADED SECURITIES   2014-12-15 2024-10-04
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 280,123   208,980 71,143
b 1,515   1,516 -1
c 130,000   130,000 0
d 68,485   68,495 -10
e 235,000   235,000 0
673,019   673,058 -39
319,053   343,267 -24,214
280,000   280,056 -56
597,976   597,363 613
357,981   357,945 36
140,386   140,368 18
52,966   28,951 24,015
    4,391 -4,391
    60,042 -60,042
499,636     499,636
4,504     4,504
81     81
305,068     305,068
237,788   237,788 0
650,000   650,000 0
934,000   934,000 0
460,000   460,000 0
2,500,000   2,500,000 0
425,000   425,000 0
859,614   859,700 -86
350,000   349,965 35
400,000   399,960 40
4,821,017     4,821,017
3,463,766     3,463,766
1,068,896     1,068,896
3,072     3,072
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       71,143
b       -1
c       0
d       -10
e       0
      -39
      -24,214
      -56
      613
      36
      18
      24,015
      -4,391
      -60,042
      499,636
      4,504
      81
      305,068
      0
      0
      0
      0
      0
      0
      -86
      35
      40
      4,821,017
      3,463,766
      1,068,896
      3,072
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 10,173,101
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 3 720
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) 1 169,254
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........................... 3 169,254
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- ..... 5 169,254
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 184,021
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 204,021
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 34,767
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow34,767 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA, PR, MN, AL, FL, MA, RI, IA, NY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.BRAVOFAMILYFOUNDATION.ORG
14
The books are in care ofright arrowGSM CAPITAL LLC Telephone no.right arrow (415) 363-0378

Located atright arrow2110 NW 23RD AVENUEMIAMIFL ZIP+4right arrow33142
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)
Yes
 
(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)
Yes
 
(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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
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
ORLANDO BRAVO CHIEF EXECUTIVE OFFICER/DI
1.00 		0 0 0
2110 NW 23RD AVENUE
MIAMI,FL33142
KATHYRN GARRISON BRAVO DIRECTOR
1.00 		0 0 0
2110 NW 23RD AVENUE
MIAMI,FL33142
KYLE KLOPFER SECRETARY/TREASURER
1.00 		0 0 0
2110 NW 23RD AVENUE
MIAMI,FL33142
JENNIFER JAMES DIRECTOR
0.50 		0 0 0
ONE MARKET PLAZA SPEAR TOWER SUITE
2400
SAN FRANCISCO,CA94105
BLANCA SANTOS RODRIGUEZ EXECUTIVE DIRECTOR/CFO
40.00 		280,606 16,527 3,000
3307 ISLA VERDE AVE APT 801
CAROLINA,PR00979
FERNANDO SILVA CARABALLO MANAGING DIRECTOR
40.00 		104,381 19,083 4,080
CALLE 301 HACIENDAS DEL LAGO APT
NO21
SAN JUAN,PR00926
JAIME R MORALES CORDERO MANAGING DIRECTOR
40.00 		99,710 15,609 4,080
PO BOX 2693
MAYAGUEZ,PR006812693
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
ALEJANDRO BRAVO PROJECT MANAGER
30.00 		111,002 12,985 0
1116 NORTH OCEAN BOULEVARD
APARTMENT 702
POMPANO BEACH,FL33062
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
GRAVITAL AGENCY PR LLC SOCIAL MEDIA MGMT, WEBSITE DEVELOPMENT 361,591
2010 CALLE MCLEARY APT 1
SAN JUAN,PR00911
NF SOLUTIONS LLC CONSTRUCTION 214,510
BO SAINT JUST 140B CALLE G TRUJILLO
ALTO,PR00976
FRANCISCO GONZALEZ CHAPARO CONSULTING 160,577
PO BOX 1971
CIDRA,PR00739
JOSE SANTANA CONSULTING 156,392
PO BOX 3685
VEGA ALTA,PR00692
GSM CAPITAL LLC ACCOUNTING 144,000
2110 NW 23RD AVENUE
MIAMI,FL33142
Total number of others receiving over $50,000 for professional services.............right arrow4
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 PUERTO RICO RISING ENTREPRENEURS: A PROGRAM TO PROMOTE BUSINESS CREATION FOR RECENT GRADUATES AND YOUNG PROFESSIONALS BY PROVIDING THE SKILLS, EXPERIENCE AND MENTORSHIP NECESSARY TO BUILD AND SUSTAIN ENTREPRENEURIAL VENTURES. EMPOWER PURPOSE-DRIVEN TECHNOLOGY ENTREPRENEURS WITH KNOWLEDGE, ACCESS AND CAPITAL TO CREATE A MORE INCLUSIVE AND SUSTAINABLE ECOSYSTEM IN PUERTO RICO. INCREASE THE NUMBER OF PEOPLE IN PUERTO RICO WHO START VIABLE AND SUCCESSFUL BUSINESSES AS A RESULT OF PARTICIPATING IN THIS PROGRAM. A COLLABORATIVE LEARNING ENVIRONMENT WITH DIRECT ACCESS TO HIGH QUALITY, MOTIVATED MENTORS. IN DEPTH OPERATIONAL KNOW-HOW AND FINANCIAL SKILLS TO HELP BUILD AND RUN A SUCCESSFUL BUSINESS. 2,738,384
2 PUERTO RICO EXCEPTIONAL COMMUNITY LEADERS PROGRAM, FOCUSED ON RURAL, HIGH-RISK AREAS WHERE GRASSROOTS LEADERS ARE ALREADY MAKING A DIFFERENCE WITH YOUNG PEOPLE. PARTNER WITH SELECTED ORGANIZATIONS TO STRENGTHEN OPERATIONS AND DEVELOP SERVICE-CULTURAL VENTURES. FORGE A NETWORK OF YOUTH WHO LEAD SERVICE-CULTURAL VENTURES CREATED IN PARTNERSHIP WITH NONPROFIT, BUSINESS AND CULTURE EXPERTS TO MATCH THE UNIQUENESS OF EACH SITE. INCREASE THE NUMBER OF YOUTH RUNNING SUCCESSFUL SERVICE-CULTURE VENTURES AS A RESULT OF PARTICIPATING IN THIS PROGRAM. 1,770,421
3 PUERTO RICO YOUTH ENTREPRENEURS: A PROGRAM TO HELP UNDERSERVED YOUTH CULTIVATE AN ENTREPRENEURIAL MINDSET BY PROVIDING HIGH SCHOOL STUDENTS IN PUERTO RICO WITH THE TOOLS, COACHING AND OPPORTUNITIES NEEDED TO DEVELOP AN ENTREPRENEURIAL MINDSET FOCUSED ON TECHNOLOGY. 1,271,800
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
28,125,069
b
Average of monthly cash balances.......................
1b
1,582,158
c
Fair market value of all other assets (see instructions)................
1c
28,883,004
d
Total (add lines 1a, b, and c).........................
1d
58,590,231
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
58,590,231
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
878,853
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
57,711,378
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,885,569
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
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
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
 
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
5,780,605
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
5,780,605
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  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$  
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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 ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
2018-07-09
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
2,760,675 2,382,458 2,078,510 2,299,688 9,521,331
b 85% (0.85) of line 2a ......... 2,346,574 2,025,089 1,766,734 1,954,735 8,093,131
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		5,780,605 5,094,319 5,880,744 4,330,868 21,086,536
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		0 0 754,925 0 754,925
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		5,780,605 5,094,319 5,125,819 4,330,868 20,331,611
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		1,923,713 1,588,305 1,385,673 1,533,125 6,430,816
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) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
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).)
ORLANDO BRAVO
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
BLANCA SANTOS
2110 NW 23RD AVENUE
MIAMI,FL33142
(415) 363-0378
INFO@BRAVOFAMILYFOUNDATION.ORG
bThe form in which applications should be submitted and information and materials they should include:
LETTER FORM
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
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

FRANCISCO LABOY

5 CALLE SAN CARLOS
SAN JUAN,PR00926 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

JOEL OCASIO

425 CARR 693 STE 1 PMB 184
DORADO,PR00646 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 50,000

ELIAS BARBOSA

PO BOX 1313
ANASCO,PR00610 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 50,000

BRYAN GARCIA

PO BOX 8363
BAYAMON,PR00960 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 50,000

VALERIA TRINIDAD

293 LOMAS DE LA SERRANIA
CAGUAS,PR00725 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

EDWIN MORENO

151 CALLE DE SAN FRANCISCO STE 200
PMB 1678
SAN JUAN,PR00901 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

FRANCISCO LABOY

5 CALLE SAN CARLOS
SAN JUAN,PR00926 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

URAYOAN CAMACHO

P O BOX 998
BAYAMON,PR00960 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

JOSUE ROMAN

PO BOX 1166
PENUELAS,PR00624 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

CHRISTIAN ROSADO

1101 C DEL CARMEN
SAN JUAN,PR00925 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

OBETH SOTO

7508 AVE AGUSTIN RAMOS CALERO
ISABELA,PR00662 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

YANMARI ALICEA

PO BOX 51415
TOA BAJA,PR00950 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

ELIAS BARBOSA

PO BOX 1313
ANASCO,PR00610 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

JOEL OCASIO

425 CARR 693 STE 1 PMB 184
DORADO,PR00646 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

EDWIN MORENO

151 CALLE DE SAN FRANCISCO STE 200
PMB 1678
SAN JUAN,PR00901 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

JACOB WLODINGUER

JARDINES DE COUNTRY CLUB C/27 N-5
CAROLINA,PR00983 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

BERNARDO GUERRA

RH1-5 PARKVILLE CT GUAYNABO
SAN JUAN,PR00969 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

YANMARI ALICEA

PO BOX 51415
TOA BAJA,PR00950 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

BRYAN GARCIA

PO BOX 8363
BAYAMON,PR00960 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

ELIAS BARBOSA

PO BOX 1313
ANASCO,PR00610 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

BERNARDO GUERRA

RH1-5 PARKVILLE CT GUAYNABO
SAN JUAN,PR00969 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

CHRISTIAN ROSADO

1101 C DEL CARMEN
SAN JUAN,PR00925 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

JACOB WLODINGUER

JARDINES DE COUNTRY CLUB C/27 N-5
CAROLINA,PR00983 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

EDWIN MORENO

151 CALLE DE SAN FRANCISCO STE 200
PMB 1678
SAN JUAN,PR00901 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

JOEL OCASIO

425 CARR 693 STE 1 PMB 184
DORADO,PR00646 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

VALERIA TRINIDAD

293 LOMAS DE LA SERRANIA
CAGUAS,PR00725 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

URAYOAN CAMACHO

P O BOX 998
BAYAMON,PR00960 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

OBETH SOTO

7508 AVE AGUSTIN RAMOS CALERO
ISABELA,PR00662 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

JOSUE ROMAN

PO BOX 1166
PENUELAS,PR00624 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

BRYAN GARCIA

PO BOX 8363
BAYAMON,PR00960 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000

VALERIA TRINIDAD

293 LOMAS DE LA SERRANIA
CAGUAS,PR00725 		NONE NC: NON-EXEMPT TO SUPPORT YOUNG ENTREPRENEURS WHO HAVE TECHNOLOGY-BASED SOLUTIONS OR INNOVATIVE APPORACHES 15,000
Total .................................right arrow 3a 570,000
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 3,114  
4 Dividends and interest from securities ....     14 1,441,351  
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 ..... 525990   14 4,025  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,290,858  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFROM K-1 - THOMA BRAVO CREDIT FUND II FEEDER, L.P. 		525990 777,133   644,626  
bSALES TAX REFUND 525990        
cFROM K-1 - THOMA BRAVO DISCOVER FUND III-P, L.P. 525990 9      
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 777,142 3,383,974 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,161,116
(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
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Form 990-PF (2024)
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Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
BRAVO FAMILY FOUNDATION
 
Employer identification number

82-3513069
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
BRAVO FAMILY FOUNDATION
  		Employer identification number
82-3513069
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
ORLANDO BRAVO
2110 NW 23RD AVENUE
 
MIAMI, FL33142

$ 4,729,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
ORLANDO BRAVO
2110 NW 23RD AVENUE
 
MIAMI, FL33142

$ 10,441,000


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

$  


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

$  


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

$  


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

$  


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

82-3513069
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 100,000 SHS - DYNATRACE INC $ 4,729,500 2024-06-12
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 200,000 SHS - DYNATRACE INC $ 10,441,000 2024-09-19
(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
 
$    
(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
BRAVO FAMILY FOUNDATION
  		Employer identification number

82-3513069
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:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 40,000 0 0 40,000
GSM SERVICES AND TAX PREP FEES 144,000 0 0 144,000

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

TY 2024 AmortizationSchedule
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
WEBSITE 2019-04-30 30,000 30,000 36.000000000000   0 0 30,000
WEBSITE 2019-11-12 8,350 8,350 36.000000000000   0 0 8,350
DATA EMBASSY PLATFORM 2022-05-26 29,793 15,724 36.000000000000 9,931 0 9,931 25,655
DATA EMBASSY PLATFORM 2022-12-01 29,793 10,759 36.000000000000 9,931 0 9,931 20,690

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

TY 2024 DepreciationSchedule
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
FURNITURE & FIXTURES 2020-04-30 65,692   200DB 5.000000000000 0 0 13,138  
IT EQUIPMENT 2020-04-30 33,123   200DB 5.000000000000 0 0 6,625  
LEASEHOLD IMPROVEMENTS 2020-04-30 258,767   150DB 15.000000000000 0 0 17,251  
OFFICE EQUIPMENT 2020-02-06 12,668   200DB 5.000000000000 0 0 2,534  
IT EQUIPMENT 2021-12-10 41,004   200DB 5.000000000000 0 0 8,201  
OTHER EQUIPMENT 2021-11-30 5,821   200DB 5.000000000000 0 0 1,164  
OFFICE EQUIPMENT 2022-02-04 7,641   200DB 5.000000000000 0 0 1,528  
IT EQUIPMENT 2022-06-08 2,228   200DB 5.000000000000 0 0 446  
IT EQUIPMENT 2022-08-01 90,299   200DB 5.000000000000 0 0 18,060  
IT EQUIPMENT 2023-07-01 92,569 3,703 200DB 5.000000000000 5,924 0 18,514  
OFFICE EQUIPMENT 2023-12-19 4,444 178 200DB 5.000000000000 284 0 889  
IT EQUIPMENT 2024-07-01 14,379   200DB 5.000000000000 9,777 0 1,438  
OFFICE EQUIPMENT 2024-07-01 6,531   200DB 5.000000000000 4,441 0 653  

TY 2024 InvestmentsCorpBondsSchedule
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Name of Bond End of Year Book Value End of Year Fair Market Value
SCHWAB X4158 2,011,122 2,011,122

TY 2024 InvestmentsCorpStockSchedule
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Name of Stock End of Year Book Value End of Year Fair Market Value
SCHWAB X4158 22,757,359 22,757,359

TY 2024 InvestmentsGovtObligationsSch
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
US Government Securities - End of Year Book Value:

981,919
US Government Securities - End of Year Fair Market Value:

981,919
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:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
THOMA BRAVO CREDIT FUND I, LP (OFFSHORE) AT COST 4,854,899 4,854,899
THOMA BRAVO CREDIT FUND II FEEDER, L.P. AT COST 10,239,325 10,239,325
THOMA BRAVO CREDIT FUND III FEEDER, L.P. AT COST 2,217,516 2,217,516
THOMA BRAVO DISCOVER FUND III AT COST 2,184,942 2,184,942
THOMA BRAVO FUND XIII LP AT COST 3,541,998 3,541,998
THOMA BRAVO FUND XIV AT COST 5,844,323 5,844,323

TY 2024 LandEtcSchedule2
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
WEBSITE 30,000 30,000 0  
FURNITURE & FIXTURES 65,692 65,692 0  
IT EQUIPMENT 33,123 33,123 0  
LEASEHOLD IMPROVEMENTS 258,767 258,767 0  
OFFICE EQUIPMENT 12,668 12,668 0  
WEBSITE 8,350 8,350 0  
IT EQUIPMENT 41,004 41,004 0  
OTHER EQUIPMENT 5,821 5,821 0  
OFFICE EQUIPMENT 7,641 7,641 0  
DATA EMBASSY PLATFORM 29,793 25,655 4,138  
DATA EMBASSY PLATFORM 29,793 20,690 9,103  
IT EQUIPMENT 2,228 2,228 0  
IT EQUIPMENT 90,299 90,299 0  
IT EQUIPMENT 92,569 83,682 8,887  
OFFICE EQUIPMENT 4,444 4,017 427  
IT EQUIPMENT 14,379 9,777 4,602  
OFFICE EQUIPMENT 6,531 4,441 2,090  


TY 2024 LegalFeesSchedule
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 42,483 0 0 42,483


TY 2024 OtherAssetsSchedule
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSIT 6,338 6,338 6,338
PREPAID EXPENSES 7,221 38,790 38,790
PREPAID TAX 288,862 332,760 332,760
PROGRAM RELATED INVESTMENT LOANS 585,000 0 0
FELLOWSHIP INVESTMENTS 0 507,913 507,913


TY 2024 OtherDecreasesSchedule
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Description Amount
NET UNREALIZED GAIN/(LOSS) 6,817,176


TY 2024 OtherExpensesSchedule
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK CHARGES & FEES 1,246 1,246 0 0
COMMUNICATIONS 99,753 0 0 99,753
DUES & SUBSCRIPTIONS 27,791 0 0 27,791
EMPLOYEE LEADERSHIP AND WELLNESS PROGRAM 7,310 0 0 7,310
FROM K-1 - THOMA BRAVO CREDIT FUND I FEEDER, L.P. 5,383 5,383 0 0
FROM K-1 - THOMA BRAVO CREDIT FUND II FEEDER, L.P. 2,610 2,610 0 0
FROM K-1 - THOMA BRAVO CREDIT FUND II FEEDER, L.P. 1,455 660 0 0
FROM K-1 - THOMA BRAVO DISCOVER FUND III, L.P. 591 591 0 0
FROM K-1 - THOMA BRAVO DISCOVER FUND III-P,L.P 32 32 0 0
FROM K-1 - THOMA BRAVO DISCOVER FUND III-P,L.P 1,971 0 0 0
FROM K-1 - THOMA BRAVO FUND XIII, L.P. 591 591 0 0
FROM K-1 - THOMA BRAVO FUND XIV, L.P. 870 870 0 0
INSURANCE LIABILITY 4,967 2,484 0 2,484
INVESTMENT ADVISORY FEES 51,818 51,818 0 0
IT SERVICES 14,518 7,259 0 7,259
MEALS 6,398 0 0 6,398
OTHER GENERAL PROGRAM EXPENSES 11,967 0 0 11,967
PR EXCEPTIONAL COMMUNITY LEADERS PROGRAM 1,141,287 0 0 1,141,287
PR RISING ENTREPRENEUR PROGRAM 821,613 0 0 821,613
PR YOUTH ENTREPRENEURS 928,678 0 0 928,678
REGISTERED AGENT FEES 1,010 0 0 1,010
SOCIAL MEDIA AND WEBSITE 122,291 0 0 122,291
UTILITIES 12,005 0 0 12,005
PROGRAM INVESTMENT LOAN LOSS 585,000 0 0 0
FROM K-1 : THOMA BRAVO CREDIT FUND II FEEDER, L.P. 8,979 0 0 0
AMORTIZATION 19,862 0 19,862 0


TY 2024 OtherIncomeSchedule2
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CREDIT CARD REWARDS 3,525 0 3,525
FROM K-1 - THOMA BRAVO CREDIT FUND II FEEDER, L.P. 0 644,626 0
OTHER INCOME 500 0 500
FROM K-1 - THOMA BRAVO CREDIT FUND II FEEDER, L.P. 1,421,759   1,421,759
FROM K-1 - THOMA BRAVO CREDIT FUND II FEEDER, L.P. 1,422,551   1,422,551
FROM K-1 - THOMA BRAVO DISCOVER FUND III-P, L.P. 9   9


TY 2024 OtherIncreasesSchedule
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Description Amount
FROM K-1/1099 - OTHER BOOK/TAX ADJUSTMENT 9,743,460


TY 2024 OtherLiabilitiesSchedule
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Description Beginning of Year - Book Value End of Year - Book Value
CAPITAL ONE CREDIT CARD 1,608 323
PAYROLL LIABILITIES 24,611 25,994
RENT PAYABLE 1,772 0
ACCRUED ACCOUNTING FEES 3,500 8,000
ACCRUED ADVISORY FEES 11,944 13,510
ACCRUED EXPENSES 22,112 17,855
ACCRUED VACATION 58,117 60,649
DEFERRED EXCISE TAXES 78,990 207,904


TY 2024 OtherProfessionalFeesSchedule
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDITING FEES 39,000 0 0 39,000


TY 2024 SubstantialContributorsSch
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Name Address
ORLANDO BRAVO 2110 NW 23RD AVENUE
MIAMI,FL33142
SILICON VALLEY COMMUNITY FOUNDATION 33 NEW MONTGOMERY STREET 19TH FLOOR
SAN FRANCISCO,CA94105


TY 2024 TaxesSchedule
Name:
BRAVO FAMILY FOUNDATION
EIN:
82-3513069
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FILING FEES 76 0 0 76
FEDERAL EXCISE TAXES 298,126 0 0 298,126
PAYROLL TAXES 78,487 0 0 78,487
CA UBTI TAXES 18,738 0 0 0
FEDERAL UBTI TAXES 159,844 0 0 0
AL UBTI TAXES 843 0 0 0
RI UBTI TAXES 400 0 0 0
FOREIGN TAXES 12,094 12,094 0 0
IA UBTI TAXES 336 0 0 0
NY UBTI TAXES 1,339 0 0 0
PROPERTY TAXES 11,636 0 0 11,636
IVU - B2B TAX 342 0 0 0
MA UBTI TAXES 5,629 0 0 0
MN UBTI TAXES 6,678 0 0 0
OTHER TAXES 920 0 0 0