Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
The Francine A LeFrak Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

27-1752212
B Telephone number (see instructions)

(800) 839-1754
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$23,246,367J 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) 4,069,113
2 Check right arrow.............
3 Interest on savings and temporary cash investments 130,532 130,532  
4 Dividends and interest from securities... 258,538 258,538  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 725,305
b Gross sales price for all assets on line 6a 8,845,620
7 Capital gain net income (from Part IV, line 2)... 1,764,050
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,759 10,759  
12 Total. Add lines 1 through 11........ 5,194,247 2,163,879  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 151,030     151,030
15 Pension plans, employee benefits....... 47,019     47,019
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
23,459 0 0 23,459
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,036 0 0 2,036
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
342,836 118,539   224,297
17 Interest............... 6 6    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
28,118 658    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 6,420     6,420
21 Travel, conferences, and meetings....... 20,937     20,937
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
67,523 848   66,675
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 689,384 120,051 0 541,873
25 Contributions, gifts, grants paid....... 517,484 517,484
26 Total expenses and disbursements. Add lines 24 and 25 1,206,868 120,051 0 1,059,357
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,987,379
b Net investment income (if negative, enter -0-) 2,043,828
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.............      
2 Savings and temporary cash investments......... 1,938,149 2,041,437 2,041,437
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) 250,739 Click to see attachment
List of Attached Documents:
// Content
261,400 		256,163
b Investments—corporate stock (attach schedule)....... 11,312,084 Click to see attachment
List of Attached Documents:
// Content
16,026,498 		20,562,740
c Investments—corporate bonds (attach schedule)....... 246,374 Click to see attachment
List of Attached Documents:
// Content
122,528 		124,611
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).......... 833,497 Click to see attachment
List of Attached Documents:
// Content
116,689 		261,416
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 14,580,843 18,568,552 23,246,367
Liabilities 17 Accounts payable and accrued expenses.......... 1,470 1,800
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 1,470 1,800
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 14,579,373 18,566,752
29 Total net assets or fund balances (see instructions)..... 14,579,373 18,566,752
30 Total liabilities and net assets/fund balances (see instructions). 14,580,843 18,568,552
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
14,579,373
2
Enter amount from Part I, line 27a .....................
2
3,987,379
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
18,566,752
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
18,566,752
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 BLACKSTONE REAL ESTATE INCOME TRUST, INC CLASS S P   2024-02-05
c BLACKSTONE REAL ESTATE INCOME TRUST, INC CLASS S P   2024-03-01
d BLACKSTONE REAL ESTATE INCOME TRUST, INC CLASS S P   2024-03-01
e BLACKSTONE REAL ESTATE INCOME TRUST, INC CLASS S P 2022-08-02 2024-03-01
BLACKSTONE REAL ESTATE INCOME TRUST, INC CLASS S P 2022-08-02 2024-03-01
(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 8,042,871   6,388,899 1,653,972
b 705,995   594,044 111,951
c 91,318   92,858 -1,540
d 2,718   2,884 -166
e 8   9 -1
2,710   2,876 -166
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       1,653,972
b       111,951
c       -1,540
d       -166
e       -1
      -166
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,764,050
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 28,409
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  
3 Add lines 1 and 2........................... 3 28,409
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 28,409
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 26,148
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,800
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 28,948
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 26
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 10 513
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow513 Refundedright arrow 11  
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 arrowDE
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 arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
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
Blair Feldman Dir, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Eric Friedberg Dir, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jay Goldberg Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Stephanie Guild Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Sheila Klehm Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Tamara Laine Sec, Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Francine A LeFrak Dir, Pres
30.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jennifer Jordan McCall Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
Kirsten Sonnenberg ADMIN. ASSISTANT
40.0 		89,850 3,888  
FOUNDATION SOURCE
WILMINGTON,DE198091377
Total number of other employees paid over $50,000...................right arrow  
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
BV Strategies MEDIA RELATIONS&CONS 85,000
28 Baraud Road South
Scarsdale,NY10583
UBS Financial Services Investment Mgmt 76,233
299 PARK AVENUE 26TH FLOOR
NEW YORK,NY101710002
ABRAHAMS DEVELOPMENT GROUP LLC Philanthropic cons 80,820
5 Westfield Road Natick
NATICK,MA01760
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
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
17,339,266
b
Average of monthly cash balances.......................
1b
2,736,918
c
Fair market value of all other assets (see instructions)................
1c
346,987
d
Total (add lines 1a, b, and c).........................
1d
20,423,171
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
20,423,171
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
306,348
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
20,116,823
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,005,841
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
1,005,841
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
28,409
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
28,409
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
977,432
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
977,432
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
977,432
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
1,059,357
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
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
1,059,357
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 7 977,432
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...... 193,104
b From 2020......  
c From 2021...... 169,052
d From 2022...... 212,579
e From 2023...... 1,322,897
f Total of lines 3a through e ........ 1,897,632
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,059,357
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..... 977,432
e Remaining amount distributed out of corpus 81,925
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 1,979,557
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 .......... 		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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		193,104
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,786,453
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021.... 169,052
c Excess from 2022.... 212,579
d Excess from 2023.... 1,322,897
e Excess from 2024.... 81,925
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).)
Eric Friedberg
Francine A LeFrak
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

BARNARD COLLEGE

3009 BROADWAY
NEW YORK,NY10027 		N/A PC General & Unrestricted 10,000

BEDLAM INC

603 W 115TH ST BOX 130
NEW YORK,NY10025 		N/A PC the Production 'Music City' fund 75,000

BRIDGE2RWANDA INC

1818 N TAYLOR ST STE B 322
LITTLE ROCK,AR72207 		N/A PC The LeFrak-Friedberg Africa Scholars Program 35,000

BRIDGE2RWANDA INC

1818 N TAYLOR ST STE B 322
LITTLE ROCK,AR72207 		N/A PC the LeFrak-Friedberg Scholars Program 35,000

GRACE INSTITUTE

40 RECTOR ST 14TH FL
NEW YORK,NY10006 		N/A PC General & Unrestricted 100,000

LEAP INC

621 DEGRAW ST
BROOKLYN,NY11217 		N/A PC Francine A LeFrak Foundation Tools of the Trade Fund 100,000

LEAP INC

621 DEGRAW ST
BROOKLYN,NY11217 		N/A PC General & Unrestricted 34,000

MUSEUM OF ARTS AND DESIGN

2 COLUMBUS CIR
NEW YORK,NY10019 		N/A PC Barbie: A Cultural Icon Exhibition 25,000

NEW JERSEY REENTRY

9 BASIN DR STE 190
KEARNY,NJ07032 		N/A PC General & Unrestricted 3,484

THE MILKEN INSTITUTE

1250 FOURTH ST
SANTA MONICA,CA90401 		N/A PC General & Unrestricted 100,000
Total .................................right arrow 3a 517,484
bApproved for future payment
Total ................................. right arrow 3b  
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 ........... 		    14 130,532  
4 Dividends and interest from securities ....     14 269,297  
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 ............ 		    18 725,305  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,125,134  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,125,134
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
The Francine A LeFrak Foundation Inc
 
Employer identification number

27-1752212
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


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

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
The Francine A LeFrak Foundation Inc
  		Employer identification number
27-1752212
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
Carlino Brown Michelle
812 Park Ave
 
New York, NY10021

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
Kornfeld Louise
POB 999
 
Hampton Bays, NY11946

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
LeFrak Francine A
15 East Putnam Avenue 191
 
Greenwich, CT06830

$ 3,920,892


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
Pratt Holdings Inc
510 Meadowland Court
 
Roswell, GA30075

$ 100,000


(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.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
The Francine A LeFrak Foundation Inc
  		Employer identification number

27-1752212
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 ANSYS INC ANSS, 74 sh. $ 24,258 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 BERKLEY W R CP WRB, 611 sh. $ 48,254 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 BRIGHT HORIZONS FAMILY SOLUTIONS, INC BFAM, 70 sh. $ 7,473 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 ALLEGION PLC ALLE, 287 sh. $ 34,823 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 CHARLES RIV LABORATORIES INTL INC CRL, 100 sh. $ 21,548 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 CHEMED CORP CHE, 58 sh. $ 31,811 2024-05-28
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
The Francine A LeFrak Foundation Inc
  		Employer identification number

27-1752212
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 COOPER COMPANIES INC COO, 352 sh. $ 32,699 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 NORDSON CP NDSN, 200 sh. $ 47,175 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 POOL CORP POOL, 127 sh. $ 45,794 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 ROLLINS INC ROL, 942 sh. $ 43,497 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 SITEONE LANDSCAPE SUPPLY INC SITE, 59 sh. $ 9,068 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 SAIA, INC SAIA, 84 sh. $ 33,643 2024-05-28
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
The Francine A LeFrak Foundation Inc
  		Employer identification number

27-1752212
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 HENRY JACK & ASSOC INC JKHY, 244 sh. $ 40,234 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 INTERACTIVE BROKERS GROUP, INC IBKR, 384 sh. $ 49,238 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 ZURN WATER SOLUTIONS ZWS, 1290 sh. $ 40,885 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 ASPEN TECHNOLOGY INC COM AZPN, 192 sh. $ 42,291 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 LPL FINANCIAL HOLDINGS INC LPLA, 198 sh. $ 56,169 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 LENNOX INTL INC LII, 125 sh. $ 63,312 2024-05-28
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
The Francine A LeFrak Foundation Inc
  		Employer identification number

27-1752212
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 DOLBY LABORATORIES DLB, 455 sh. $ 36,127 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 EXPONENT, INC EXPO, 109 sh. $ 10,395 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 FAIR ISSAC & CO INC FICO, 29 sh. $ 39,938 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 EQUIFAX INC EFX, 188 sh. $ 44,672 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 BJ'S WHLSL CLUB INC BJ, 389 sh. $ 33,707 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 BENTLEY SYSTEMS INC CL B BSY, 1252 sh. $ 66,068 2024-05-28
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
The Francine A LeFrak Foundation Inc
  		Employer identification number

27-1752212
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 TERADYNE INC TER, 411 sh. $ 59,506 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 THOR INDS INC THO, 426 sh. $ 40,252 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 WATSCO INC WSO, 111 sh. $ 53,899 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 ZEBRA TECHNOLOGIES CORP ZBRA, 69 sh. $ 22,515 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 ADVANCED MICRO DEVICES INC AMD, 25 sh. $ 4,555 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 AMAZON COM AMZN, 859 sh. $ 168,849 2024-07-11
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
The Francine A LeFrak Foundation Inc
  		Employer identification number

27-1752212
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 PALO ALTO NETWORKS INC PANW, 90 sh. $ 30,167 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 PULTE GROUP INC PHM, 68 sh. $ 7,662 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 QUALCOMM INC QCOM, 21 sh. $ 4,304 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 S&P GLOBAL INC COM SPGI, 67 sh. $ 31,495 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 NRG ENERGY NRG, 45 sh. $ 3,569 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 VISA INC V, 308 sh. $ 80,756 2024-07-11
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
The Francine A LeFrak Foundation Inc
  		Employer identification number

27-1752212
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 ELI LILLY & CO LLY, 36 sh. $ 33,507 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 MICROSOFT CORP MSFT, 502 sh. $ 229,999 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 MICRON TECHNOLOGY MU, 93 sh. $ 12,392 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 ROYAL CARRIBEAN CRUISE RCL, 82 sh. $ 13,162 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 NVIDIA CORP NVDA, 2810 sh. $ 369,796 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 ORACLE CORP ORCL, 160 sh. $ 22,813 2024-07-11
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
The Francine A LeFrak Foundation Inc
  		Employer identification number

27-1752212
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 ADOBE SYSTEMS, INC ADBE, 104 sh. $ 58,745 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 APPLE INC AAPL, 1258 sh. $ 288,183 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 ASML HOLDING NV NY REG SHS ASML, 28 sh. $ 30,403 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 BROADCOM INC AVGO, 206 sh. $ 353,637 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 GRAINGER W W INC GWW, 51 sh. $ 46,471 2024-07-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 META PLATFORMS INC META, 117 sh. $ 61,064 2024-07-11
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
The Francine A LeFrak Foundation Inc
  		Employer identification number

27-1752212
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 GE VERNOVA GEV, 39 sh. $ 12,882 2024-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 AXON ENTERPRISE AXON, 19 sh. $ 11,395 2024-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 NVIDIA CORP NVDA, 1922 sh. $ 261,296 2024-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 SERVICE NOW NOW, 251 sh. $ 266,867 2024-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 NVIDIA CORP NVDA, 2180 sh. $ 296,371 2024-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 CARNIVAL CORP CCL, 302 sh. $ 7,586 2024-12-31
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
The Francine A LeFrak Foundation Inc
  		Employer identification number

27-1752212
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 TRACTOR SUPPLY CO COM TSCO, 200 sh. $ 10,609 2024-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 TESLA MOTORS INC TSLA, 175 sh. $ 72,666 2024-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 TARGA RESOURCES CORP TRGP, 102 sh. $ 18,191 2024-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 UNITED CONTINENTAL HOLDINGS INC UAL, 53 sh. $ 5,148 2024-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
The Francine A LeFrak Foundation Inc
  		Employer identification number

27-1752212
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
The Francine A LeFrak Foundation Inc
EIN:
27-1752212
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX CONSULTING 2,036     2,036

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

TY 2024 DepreciationSchedule
Name:
The Francine A LeFrak Foundation Inc
EIN:
27-1752212
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

TY 2024 InvestmentsCorpBondsSchedule
Name:
The Francine A LeFrak Foundation Inc
EIN:
27-1752212
Name of Bond End of Year Book Value End of Year Fair Market Value
EXXON MOBIL CORP - 2.992% - 03 122,528 124,611

TY 2024 InvestmentsCorpStockSchedule
Name:
The Francine A LeFrak Foundation Inc
EIN:
27-1752212
Name of Stock End of Year Book Value End of Year Fair Market Value
3I GROUP PLC ADR 6,769 7,797
ABBOTT LABS 98,688 117,295
ABBVIE INC 23,633 24,700
ACCENTURE PLC 30,745 55,583
ADOBE SYSTEMS, INC 59,433 68,925
ADVANCED MICRO DEVICES INC 39,165 43,484
ADYEN N.V. 4,811 5,893
ALPHABET INC CL A 134,098 273,160
ALPHABET INC CL C 106,322 202,819
AMAZON COM 452,158 661,022
AMERICAN EXPRESS CO 26,735 30,273
AMERICAN TOWER REIT INC 45,101 34,848
AMERIPRISE FINANCIAL INC 155,712 267,812
AMPHENOL CORPORATION 20,394 35,420
ANALOG DEVICES INC 28,857 30,169
AON PLC CL A 3,241 4,310
APPLE INC 294,604 560,690
ARCH CAPITAL GROUP LTD 5,577 7,388
ARES MANAGEMENT CORPORATION 54,365 83,204
ARISTA NETWORKS 21,925 39,791
ASM INTERNATIONAL NV 3,272 4,553
ASML HOLDING NV NY REG SHS 58,839 51,981
ASTRAZENECA 8,570 8,256
ATLASSIAN CORP CL A 4,585 6,085
AUTODESK, INC 4,774 8,276
AUTOMATIC DATA PROCESSING INC 33,470 37,469
AXON ENTERPRISE 11,395 11,292
BAE SYSTEMS PLC 5,146 5,602
BERKSHIRE HATHAWAY INC. CLASS 20,144 44,875
BLACKROCK INC 75,126 118,913
BLACKSTONE PVT EQT STRATEGIES 1,000,000 1,048,823
BOSTON SCIENTIFIC 25,035 45,821
BROADCOM INC 505,689 782,228
CANADIAN NATURAL RESOURCES LTD 4,641 4,322
CANADIAN PACIFIC RAILWAY LTD 7,452 6,875
CARNIVAL CORP 7,586 7,526
CHEVRON CORP 9,417 12,891
CHIPOTLE MEX GRILL 47,543 61,385
CHUBB LIMITED 23,226 27,354
COMPASS GROUP PLC ADR 4,222 5,139
CONOCOPHILLIPS 80,849 69,915
COSTCO WHOLESALE CORPORATION 15,901 45,814
COUPANG ORD SHS CL A 6,308 6,242
D R HORTON 14,033 10,487
DANAHER CORP 32,743 62,667
DEXCOM, INC 27,796 23,331
DODGE & COX FUNDS INTERNATIONA 32,764 33,551
DOVER CORP 26,161 26,639
EATON CORP PLC 63,316 105,535
EATON VANCE ATLANTA CPTL SMID 39,795 47,068
EATON VANCE SHORT DURATION GOV 2,046,826 2,024,966
ECOLAB INC 37,184 47,801
ELI LILLY & CO 191,810 285,640
EQUINIX, INC 34,717 42,430
EXPERIAN GROUP LTD S/ADR 3,756 4,102
EXXON MOBIL CORP 50,843 48,837
FERGUSON PLC 3,796 4,513
FERRARI NV 4,726 9,771
GALLAGHER ARTHUR J & CO 43,194 53,932
GE VERNOVA 12,882 12,828
GLOBAL X ARTIFICIAL INTELLIGEN 49,895 56,337
GLOBAL X ROBOTICS & ARTIFICIAL 37,218 39,906
GLOBAL X US INFRASTRUCTURE DEV 36,814 39,723
HOME DEPOT INC 77,568 109,306
HONEYWELL INTL 4,421 17,845
ICICI BK LTD ADS 4,400 5,882
ICON PLC - AMERICAN DEPOSITARY 8,672 7,759
INTUIT 35,107 45,252
INTUITIVE SURGICAL 56,739 95,519
INVESCO AI AND NEXT GEN SOFTWA 212,427 209,098
INVESCO QQQ TRUST 36,438 42,943
INVESCO S&P 500 EQUAL WEIGHT E 568,228 597,710
IQVIA HOLDINGS INC 20,135 22,599
ISHARE SP SMALL CAP 600 INDEX 103,694 109,689
ISHARES MSCI GLBL SEL MTLS & M 12,213 10,497
ISHARES MSCI INDIA ETF 17,060 15,792
ISHARES RUSSELL 2000 GROWTH IN 14,527 21,299
ISHARES S&P 500 INDEX FD 158,137 185,434
ISHARES TRUST RUSSELL 1000 GRO 31,493 45,780
ISHARES TRUST RUSSELL 1000 VAL 258,848 309,908
JOHNSON & JOHNSON 33,745 29,647
JP MORGAN CHASE 130,572 224,369
JPMORGAN CORE BD FUND ULTRA 135,000 133,418
KLA TENCOR CORP 10,860 10,712
LAM RESEARCH CORP 62,899 68,619
LINDE PLC COM 51,085 52,334
LVMH MOET HENN UNSP 10,320 16,728
MARSH AND MCLENNAN COMPANIES I 21,795 22,940
MASTERCARD INC 176,011 252,227
MCDONALD'S CORP 23,008 24,061
MEITUAN DIANPING UNSPONSORED A 8,564 7,025
MERCADOLIBRE, INC 4,048 5,101
MERCK & CO INC 11,733 17,210
META PLATFORMS INC 171,785 298,610
MICROCHIP TECHNOLOGY INC 34,008 31,829
MICROSOFT CORP 1,679,183 2,302,232
MITSUBISHI HEAVY INDUSTRIES LT 6,535 7,639
MONDAY.COM LTD 5,182 5,415
MORGAN STANLEY 59,780 68,769
NETFLIX INC 47,285 95,371
NEXTERA ENERGY, INC 108,039 117,357
NORTHEAST UTIL 4,635 4,258
NOVO NORDISK A S 7,603 10,753
NVIDIA CORP 1,344,393 2,322,142
O'REILLY AUTOMOTIVE INC 333,002 428,074
ORACLE CORP 96,506 102,317
PACER BENCHMARK DATA & INFRAST 212,485 228,568
PALO ALTO NETWORKS INC 52,445 76,059
PARKER HANNIFIN CP 28,151 41,342
PEPSICO INC 62,925 63,105
PHILLIPS 66 22,000 20,963
PRINCIPAL MIDCAP FUND; R6 8,880 13,282
PROCTER GAMBLE CO 24,302 25,483
PROGRESSIVE CORP OHIO 49,482 53,673
PROLOGIS 35,435 31,816
QUANTA SVCS INC 43,122 64,790
RBB FUND INC. - WPG PARTNERS S 25,000 24,137
REGENERON PHARMACEUTICALS INC 42,227 39,178
REPUBLIC SVCS INC 55,575 69,809
ROLLS ROYCE GRP PLC S/ADR 8,099 7,812
ROPER INDUSTRIES 8,038 11,957
S&P GLOBAL INC COM 115,943 134,468
SAFRAN SA - UNSPON ADR 8,479 10,028
SALESFORCE.COM 82,153 139,081
SAP AKTIENGESELL ADS 9,997 9,848
SCHNEIDER ELEC UNSP/ADR 3,808 6,006
SEA LTD 6,889 10,080
SELECT SECTOR SPDR ENERGY FUND 757,064 771,711
SELECT SECTOR SPDR INDUSTRIAL 20,406 33,731
SERVICE NOW 318,690 394,365
SHERWIN-WILLIAMS CO 39,433 45,891
SMNEY 5,883 6,851
SPDR S&P 500 ETF TRUST 81,623 97,875
SPOTIFY TECHNOLOGY SA 6,094 9,395
STERIS PLC 6,229 6,167
STRYKER CORPORATION 51,473 86,052
SYNOPSYS, INC 41,736 40,285
SYSCO CORP 8,692 13,228
TAIWAN SEMICONDUCTOR MFG CO LT 49,964 69,516
TARGA RESOURCES CORP 18,191 18,207
TESLA MOTORS INC 72,666 70,672
TEXAS INSTRUMENTS INC 30,414 27,564
THE BLACKSTONE GROUP INC CL A 5,275 15,518
THE COCA-COLA CO 29,262 29,387
THERMO FISHER SCIENTIFIC INC 32,897 31,734
TJX COMPANIES INC 107,254 157,536
TRACTOR SUPPLY CO COM 10,609 10,612
TRANE TECHNOLOGIES PLC 20,758 24,377
TRANSDIGM GRP INC 36,187 39,286
UBER 21,281 18,096
UBS AG 5,338 5,245
UNION PACIFIC 95,553 96,917
UNITED CONTINENTAL HOLDINGS IN 5,148 5,146
UNITED PARCEL SERVICE 18,283 21,815
UNITED RENTALS INC 32,567 42,266
UNITEDHEALTH GROUP INC 137,059 133,041
VANGUARD MID-CAP ETF 72,966 88,748
VANGUARD SM-CAP ETF 71,746 80,254
VANGUARD SMALL-CAP VALUE ETF 24,555 28,340
VERTEX PHARMCTLS INC 27,788 26,981
VISA INC 161,972 237,662
WAL-MART STORES INC 73,287 137,242
WASTE CONNECTIONS 3,417 4,118
WILLIAMS COS 9,821 20,024
XYLEM INC 8,902 20,071
ZOETIS INC 37,105 47,576

TY 2024 InvestmentsGovtObligationsSch
Name:
The Francine A LeFrak Foundation Inc
EIN:
27-1752212
US Government Securities - End of Year Book Value:

 
US Government Securities - End of Year Fair Market Value:

 
State & Local Government Securities - End of Year Book Value:


261,400
State & Local Government Securities - End of Year Fair Market Value:


256,163


TY 2024 InvestmentsOtherSchedule2
Name:
The Francine A LeFrak Foundation Inc
EIN:
27-1752212
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BRIDGE DEBT STRAT. FD III INTL   116,689 261,416

TY 2024 LegalFeesSchedule
Name:
The Francine A LeFrak Foundation Inc
EIN:
27-1752212
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Document Review/Drafting 12,446     12,446
General Consultations 11,013     11,013


TY 2024 OtherExpensesSchedule
Name:
The Francine A LeFrak Foundation Inc
EIN:
27-1752212
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 43,570     43,570
Bank Charges 153 153    
Computers/Electronic Devices 1,870     1,870
Digital Subscriptions 1,127     1,127
Foundation Dues & Memberships 3,800     3,800
Indemnification Insurance 1,169     1,169
K-1 Exp BRIDGE DEBT STRATEGIES 695 695    
Office Supplies 5,566     5,566
Payroll Processing Fees 8,027     8,027
State or Local Filing Fees 25     25
Website Hosting/Support 659     659
DONATION PROCESSING FEES 827     827
CREDIT CARD FEES 35     35


TY 2024 OtherIncomeSchedule2
Name:
The Francine A LeFrak Foundation Inc
EIN:
27-1752212
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 INC/LOSS BRIDGE DEBT STRATEGIES FUN 10,759 10,759  


TY 2024 OtherProfessionalFeesSchedule
Name:
The Francine A LeFrak Foundation Inc
EIN:
27-1752212
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administration of Foundation 42,480     42,480
Investment Management Services 118,539 118,539    
PHILANTHROPIC CONSULTING SRVCS 80,820     80,820
Website Development 345     345
MEDIA RELATIONS & CONS. SRVCS 85,000     85,000
PHOTOGRAPHY SERVICES 500     500
SOCIAL MEDIA MGMT SERVICES 8,437     8,437
EQUIPMENT RENTAL SERVICES 6,715     6,715


TY 2024 TaxesSchedule
Name:
The Francine A LeFrak Foundation Inc
EIN:
27-1752212
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 26,000      
990-PF Extension for 2023 1,100      
Foreign Tax Paid 658 658    
IRS MISCELLANEOUS FEE 360