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
David & Janet Polak Foundation
 
% 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

45-4797578
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$81,278,194J 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) 7,800
2 Check right arrow.............
3 Interest on savings and temporary cash investments 136,837 136,837  
4 Dividends and interest from securities... 1,793,981 1,793,981  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,642,733
b Gross sales price for all assets on line 6a 33,743,486
7 Capital gain net income (from Part IV, line 2)... 1,554,530
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
1,233,708 1,167,235 -31,590
12 Total. Add lines 1 through 11........ 4,815,059 4,652,583 -31,590
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 278,167     278,167
14 Other employee salaries and wages...... 89,500     89,500
15 Pension plans, employee benefits....... 48,257     48,257
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
18,401 2,775 0 15,626
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
583,448 405,628   177,820
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
163,932 15,096    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 69,767     69,767
21 Travel, conferences, and meetings....... 151,171     151,171
22 Printing and publications.......... 9,874     9,874
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
913,261 745,383 2,520 134,517
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,325,778 1,168,882 2,520 974,699
25 Contributions, gifts, grants paid....... 2,334,600 2,334,600
26 Total expenses and disbursements. Add lines 24 and 25 4,660,378 1,168,882 2,520 3,309,299
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 154,681
b Net investment income (if negative, enter -0-) 3,483,701
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......... 5,287,003 4,819,298 4,819,298
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) 23,488,275 Click to see attachment
List of Attached Documents:
// Content
24,996,762 		25,309,163
b Investments—corporate stock (attach schedule)....... 12,039,652 Click to see attachment
List of Attached Documents:
// Content
11,491,674 		14,293,871
c Investments—corporate bonds (attach schedule)....... 1,000,149 Click to see attachment
List of Attached Documents:
// Content
1,000,149 		986,078
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).......... 24,001,746 Click to see attachment
List of Attached Documents:
// Content
23,322,758 		31,391,444
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
4,442,972 		Click to see attachment
List of Attached Documents:
// Content
4,783,837 		Click to see attachment
List of Attached Documents:
// Content
4,478,340
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 70,259,797 70,414,478 81,278,194
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 70,259,797 70,414,478
29 Total net assets or fund balances (see instructions)..... 70,259,797 70,414,478
30 Total liabilities and net assets/fund balances (see instructions). 70,259,797 70,414,478
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
70,259,797
2
Enter amount from Part I, line 27a .....................
2
154,681
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
70,414,478
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
70,414,478
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 Passthrough K1 Capital Gain/(Loss)      
c LATITUDE MGMT REAL ESTATE CAPITAL III INC P 2024-01-02 2024-05-09
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 33,742,952   32,705,776 1,037,176
b       535,520
c 534   18,700 -18,166
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,037,176
b        
c       -18,166
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,554,530
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 48,423
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 48,423
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 48,423
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 58,778
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 58,778
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 10,355
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow10,355 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? Click to see attachment
List of Attached Documents:
// Content
....................
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 changesClick to see attachment
List of Attached Documents:
// Content
....
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.Click to see attachment
List of Attached Documents:
// Content
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, DE
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)
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)
 
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)
Yes
 
(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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
David PolakClick to see attachment
List of Attached Documents:
// Content
Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Janet PolakClick to see attachment
List of Attached Documents:
// Content
Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jeff PolakClick to see attachment
List of Attached Documents:
// Content
Dir, Pres
40.0 		278,167 26,509 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Robert PolakClick to see attachment
List of Attached Documents:
// Content
Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jonathan SeltzerClick to see attachment
List of Attached Documents:
// Content
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
Noreen L Rubio ADMINISTRATIVE ASST
40.0 		89,500 940  
4301 Mandalay Drive
Los Angeles,CA90063
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
polak investors llc Investment Mgmt 388,686
1880 Century Park East Ste 811
Los Angeles,CA90067
POP 403 Productions LLC Philanthropic 120,000
15057 Greenleaf Street
Sherman Oaks,CA91403
Foundation Source Administrative 105,688
55 Walls Drive Suite 302
Fairfield,CT06824
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 AKLA PROGRAM - WILL INTRODUCE PARTICIPANTS TO EXCITING & INSPIRING NEW WAYS OF LOOKING AT THEIR JEWISH VALUES & CONNECT THEM WITHIN THEIR OWN LIVES & LA JEWISH COMMUNITY 315,029
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 PRI TO BRIGHT URO, INC TO FUND RESEARCH AND DEVELOPMENT OF THE GLEAN URODYNAMICS SYSTEM AND RELATED SOFTWARE TO FIND A EFFECTIVE DIAGNOSTIC UROLOGY TOOL 250,000
2 PRI - OCT HEALTH, LLC TO PROMOTE THE HEALTH AND REDUCE THE SUFFERING OF THOSE AFFECTED BY AGE-RELATED MUSCULAR DEGENERATION AND TO ADVANCE RESEARCH IN PUBLIC INTEREST 125,000
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow375,000
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
42,709,914
b
Average of monthly cash balances.......................
1b
3,335,530
c
Fair market value of all other assets (see instructions)................
1c
31,739,621
d
Total (add lines 1a, b, and c).........................
1d
77,785,065
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
77,785,065
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,166,776
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
76,618,289
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,830,914
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
3,830,914
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
48,423
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
15,949
c
Add lines 2a and 2b............................
2c
64,372
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,766,542
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
3,766,542
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
3,766,542
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,309,299
b
Program-related investments—total from Part VIII-B..................
1b
375,000
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
3,684,299
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 3,766,542
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 3,610,646
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$ 3,684,299
a Applied to 2023, but not more than line 2a 3,610,646
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..... 73,653
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		3,692,889
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 ...... 		0
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.... 0
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).)
NONE
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

AMCHA INITIATIVE

PO BOX 408
SANTA CRUZ,CA95061 		N/A PC General & Unrestricted 20,000

AMERICAN FRIENDS OF ISRAELI NAVY SEALS INC

138 W 133RD ST
NEW YORK,NY10030 		N/A PC in support of the education of nine qualified and deserving candidates 35,000

AMERICAN FRIENDS OF NATAL INC

1120 AVE OF THE AMERICAS 4TH FL
NEW YORK,NY10036 		N/A PC General & Unrestricted 5,000

AMERICAN FRIENDS OF SHEBA MEDICAL CENTER INC

6505 WILSHIRE BLVD STE 615
LOS ANGELES,CA90048 		N/A PC General & Unrestricted 25,000

AMERICAN FRIENDS OF THE ISRAEL MUSEUM

545 5TH AVE RM 920
NEW YORK,NY10017 		N/A PC General & Unrestricted 5,000

AMERICAN FRIENDS OF THE ISRAEL PHILHARMONIC ORCHES

122 E 42ND ST RM 4507
NEW YORK,NY10168 		N/A PC General & Unrestricted 9,000

AMERICAN SOCIETY FOR TECHNION- ISRAEL INSTITUTE OF

55 EAST 59TH ST 14TH FL
NEW YORK,NY10022 		N/A PC General & Unrestricted 50,000

AMERICANS FOR BEN-GURION UNIVERSITY INC

1001 AVE OF THE AMERICAS FL 19
NEW YORK,NY10018 		N/A PC General & Unrestricted 56,000

AMERICANS FOR BEN-GURION UNIVERSITY INC

1001 AVE OF THE AMERICAS FL 19
NEW YORK,NY10018 		N/A PC Israel's National Artificial Intelligence Resilien Laboratory 250,000

AYN RAND INSTITUTE THE CENTER FOR THE ADVANCEMENT

6 HUTTON CENTRE DR STE 600
SANTA ANA,CA92707 		N/A PC Free Books to Teachers 25,000

AYN RAND INSTITUTE THE CENTER FOR THE ADVANCEMENT

6 HUTTON CENTRE DR STE 600
SANTA ANA,CA92707 		N/A PC Ayn Rand Center Israel 25,000

BAYIT SHELANU SYNAGOGUE

10825 ASHBY AVE
LOS ANGELES,CA90064 		N/A PC General & Unrestricted 1,800

BEIT TSHUVAH

8831 VENICE BLVD
LOS ANGELES,CA90034 		N/A PC General & Unrestricted 5,000

BROTHERS FOR LIFE

1126 34TH AVE STE 309
SEATTLE,WA98122 		N/A PC General & Unrestricted 5,000

BUCKLEY SCHOOL

3900 STANSBURY AVE
SHERMAN OAKS,CA91423 		N/A PC General & Unrestricted 10,000

CEDARS-SINAI MEDICAL CENTER

6500 WILSHIRE BLVD STE 1600
LOS ANGELES,CA90048 		N/A PC General & Unrestricted 40,000

CEDARS-SINAI MEDICAL CENTER

6500 WILSHIRE BLVD STE 1600
LOS ANGELES,CA90048 		N/A PC In Support of the Board of Governors From Innovation to Impact Campaign 100,000

CENTER DANCE ARTS

135 N GRAND AVE
LOS ANGELES,CA90012 		N/A PC General & Unrestricted 5,000

CENTRAL FUND OF ISRAEL

461 CENTRAL AVE
CEDARHURST,NY11516 		N/A PC Palestinian Media Watch 35,000

CENTRAL FUND OF ISRAEL

461 CENTRAL AVE
CEDARHURST,NY11516 		N/A PC Shurat HaDin 10,000

COMMITTEE FOR ACCURACY IN MIDDLE EAST REPORTING IN

PO BOX 35040
BOSTON,MA02135 		N/A PC General & Unrestricted 20,000

CONCERN FOUNDATION

11111 W OLYMPIC BLVD STE 214
LOS ANGELES,CA90064 		N/A PC General & Unrestricted 7,500

CUFI CHURCH ASSOCIATION

PO BOX 1307
SAN ANTONIO,TX78295 		N/A PC General & Unrestricted 10,000

DAVID HOROWITZ FREEDOM CENTER

28494 WESTINGHOUSE PL STE 212
VALENCIA,CA91355 		N/A PC General & Unrestricted 20,000

ENDOWMENT FOR MIDDLE EAST TRUTH

700 STONINGTON RD
SILVER SPRING,MD20902 		N/A PC General & Unrestricted 20,000

FOUNDATION FOR ECONOMIC EDUCATION INC

1819 PEACHTREE RD NE STE 300
ATLANTA,GA30309 		N/A PC General & Unrestricted 5,000

FOUNDATION FOR INDIVIDUAL RIGHTS AND EXPRESSION IN

510 WALNUT ST STE 900
PHILADELPHIA,PA19106 		N/A PC General & Unrestricted 5,000

FRIENDS OF DUVDEVAN

29155 NORTHWESTERN HWY STE 517
SOUTHFIELD,MI48034 		N/A PC General & Unrestricted 5,000

FRIENDS OF ELNET

5215 OLD ORCHARD RD STE 880
SKOKIE,IL60077 		N/A PC General & Unrestricted 150,000

FRIENDS OF ISRAEL SCI-TECH SCHOOLS INC

477 MADISON AVE 6TH FL
NEW YORK,NY10022 		N/A PC General & Unrestricted 5,000

FRIENDS OF THE ISRAEL DEFENSE FORCES

6505 WILSHIRE BLVD STE 625
LOS ANGELES,CA90048 		N/A PC General & Unrestricted 25,000

FRIENDS OF THE ISRAEL DEFENSE FORCES

6505 WILSHIRE BLVD STE 625
LOS ANGELES,CA90048 		N/A PC Sponsor 20 IMPACT! scholars 100,000

FRIENDS OF THE ISRAEL DEFENSE FORCES

PO BOX 4224
NEW YORK,NY10163 		N/A PC Krav Maga room at Kiryat Ha'Tikshuv Base 50,000

FRIENDS OF UNITED HATZALAH INC

PO BOX 24666
NEW YORK,NY10087 		N/A PC General & Unrestricted 5,000

FUENTE LATINA INC

2031 HARRISON ST
HOLLYWOOD,FL33020 		N/A PC General & Unrestricted 10,000

HAROLD GRINSPOON FOUNDATION

67 HUNT ST STE 100
AGAWAM,MA01001 		N/A SO I General & Unrestricted 25,000

HILLCREST COUNTRY CLUB CHARITABLE FUND

10000 W PICO BLVD
LOS ANGELES,CA90064 		N/A PC General & Unrestricted 1,800

HILLSDALE COLLEGE

33 E COLLEGE ST
HILLSDALE,MI49242 		N/A PC General & Unrestricted 10,000

HOLOCAUST MUSEUM LA

100 THE GROVE DR
LOS ANGELES,CA90036 		N/A PC General & Unrestricted 5,000

HONEST REPORTING COM INC

PO BOX 23858
NEW YORK,NY10087 		N/A PC General & Unrestricted 10,000

IF YOU HEARD WHAT I HEARD INC

3604 HAYVENHURST AVE
ENCINO,CA91436 		N/A PC General & Unrestricted 5,000

ISRAEL TENNIS CENTERS FOUNDATION INC

165 E 56TH ST 2ND FL
NEW YORK,NY10022 		N/A PC General & Unrestricted 5,000

JEWBELONG INC

37 WEST 20TH ST
NEW YORK,NY10011 		N/A PC General & Unrestricted 5,000

JEWISH FEDERATION COUNCIL OF GREATER LOS ANGELES

PO BOX 54269
LOS ANGELES,CA90054 		N/A PC To expand CSI into Santa Barbara, San Gabriel/Pomona Valleys, Palm Desert and Venture 110,000

JEWISH FEDERATION COUNCIL OF GREATER LOS ANGELES

PO BOX 54269
LOS ANGELES,CA90054 		N/A PC General & Unrestricted 20,000

JEWISH NEWS SERVICE INC

9450 SW GEMINI DR PMB 38958
BEAVERTON,OR97008 		N/A PC General & Unrestricted 10,000

JEWISH WOMENS THEATRE

3435 OCEAN PARK BLVD STE 107 PMB 85
SANTA MONICA,CA90405 		N/A PC General & Unrestricted 2,500

LAWFARE PROJECT INC

633 3RD AVE FL 21
NEW YORK,NY10017 		N/A PC General & Unrestricted 10,000

LOS ANGELES BALLET INC

11755 EXPOSITION BLVD
LOS ANGELES,CA90064 		N/A PC General & Unrestricted 10,000

LOS ANGELES JEWISH HOME FOR THE AGING

7150 TAMPA AVE
RESEDA,CA91335 		N/A PC General & Unrestricted 25,000

LOS ANGELES PHILHARMONIC ASSOCIATION

151 S GRAND AVE
LOS ANGELES,CA90012 		N/A PC General & Unrestricted 5,000

LOS ANGELES SHERIFFS FOUNDATION

10960 WILSHIRE BLVD FL 5
LOS ANGELES,CA90024 		N/A PC General & Unrestricted 5,000

MANHATTAN INSTITUTE FOR POLICY RESEARCH INC

52 VANDERBILT AVE
NEW YORK,NY10017 		N/A PC General & Unrestricted 5,000

MASSACHUSETTS INSTITUTE OF TECHNOLOGY

600 MEMORIAL DR BLDG W98-300
CAMBRIDGE,MA02139 		N/A PC MISTI MIT-Israel to support student internships 60,000

MERONA LEADERSHIP FOUNDATION

15910 VENTURA BLVD STE 700
ENCINO,CA91436 		N/A PC General & Unrestricted 10,000

MIDDLE EAST FORUM

1650 MARKET ST STE 3600
PHILADELPHIA,PA19103 		N/A PC General & Unrestricted 50,000

MIDDLE EAST MEDIA AND RESEARCH INSTITUTE INC

PO BOX 27837
WASHINGTON,DC20038 		N/A PC General & Unrestricted 5,000

MOISHE HOUSE

441 SAXONY RD BARN 2
ENCINITAS,CA92024 		N/A PC In support of MHLA - Sherman Oaks 60,000

MOVING PICTURE INSTITUTE

375 GREENWICH ST
NEW YORK,NY10013 		N/A PC General & Unrestricted 10,000

MUSEUM ASSOCIATES

5905 WILSHIRE BLVD
LOS ANGELES,CA90036 		N/A PC General & Unrestricted 5,000

OPENDOR MEDIA INC

11110 W OAKLAND PARK BLVD STE 288
SUNRISE,FL33351 		N/A PC General & Unrestricted 10,000

PACIFIC LEGAL FOUNDATION

555 CAPITOL MALL STE 1290
SACRAMENTO,CA95814 		N/A PC General & Unrestricted 5,000

PARDES INSTITUTE OF JEWISH STUDIES NORTH AMERICA I

228 PARK AVE S STE 35858
NEW YORK,NY10003 		N/A PC General & Unrestricted 5,000

PRAGER UNIVERSITY FOUNDATION

15021 VENTURA BLVD 552
SHERMAN OAKS,CA91403 		N/A PC General & Unrestricted 55,000

PROCLAIMING JUSTICE TO THE NATIONS INC

PO BOX 682711
FRANKLIN,TN37068 		N/A PC General & Unrestricted 10,000

REPORT INC - RESEARCH EVALUATION PROMOTING OR

PO BOX 1670
SOUTHHAMPTON,PA18966 		N/A PC General & Unrestricted 50,000

ROAD RUNNERS CLUB OF AMERICA

9854 NATIONAL BLVD 534
LOS ANGELES,CA90034 		N/A PC Los Angeles Running Club's yearly track permits from the City of Santa Monica 5,000

SIMON WIESENTHAL CENTER INC

1399 ROXBURY DR
LOS ANGELES,CA90035 		N/A PC General & Unrestricted 61,000

STANDWITHUS

6505 WILSHIRE BLVD 5TH FL
LOS ANGELES,CA90048 		N/A PC General & Unrestricted 200,000

STUDENTS RUN AMERICA

5252 CREBS AVE
TARZANA,CA91356 		N/A PC General & Unrestricted 5,000

TALKISRAEL FOUNDATION

15910 VENTURA BLVD STE 700
ENCINO,CA91436 		N/A PC General & Unrestricted 5,000

THE INDEPENDENT INSTITUTE

100 SWAN WAY
OAKLAND,CA94621 		N/A PC General & Unrestricted 5,000

THE JEWISH INSTITUTE FOR NATIONAL SECURITY OF AMER

1101 14TH ST NW STE 1030
WASHINGTON,DC20005 		N/A PC General & Unrestricted 100,000

THE MAPLE COUNSELING CENTER

1945 S LA CIENEGA BLVD
LOS ANGELES,CA90034 		N/A PC General & Unrestricted 5,000

THE OPEN TEMPLE

1422 ELECTRIC AVE
VENICE,CA90291 		N/A PC General & Unrestricted 10,000

TRIBE MEDIA CORP

1880 CENTURY PARK E STE 200
LOS ANGELES,CA90067 		N/A PC General & Unrestricted 50,000

TURNING POINT USA INC

4940 EAST BEVERLY RD
PHOENIX,AZ85044 		N/A PC General & Unrestricted 50,000

UNITED NATIONS WATCH - USA

PO BOX 5872
WASHINGTON,DC20016 		N/A PC General & Unrestricted 10,000

UNITED STATES HOLOCAUST MEMORIAL MUSEUM

100 RAOUL WALLENBERG PL SW
WASHINGTON,DC20024 		N/A PC General & Unrestricted 5,000

UNIVERSITY OF SOUTHERN CALIFORNIA

3551 TROUSDALE PKWY ADM 160
LOS ANGELES,CA90089 		N/A PC USC Center for the Political Future 50,000

WASHINGTON INSTITUTE FOR NEAR EAST POLICY

1111 19TH ST NW STE 500
WASHINGTON,DC20036 		N/A PC General & Unrestricted 5,000

YOUNG AMERICA'S FOUNDATION

11480 COMMERCE PARK DR STE 600
RESTON,VA20191 		N/A PC General & Unrestricted 10,000
Total .................................right arrow 3a 2,334,600
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 ........... 		    14 136,837  
4 Dividends and interest from securities ....     14 1,793,981  
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 ............ 		525990 199,530 18 1,443,203  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 -92,531 14 1,204,901  
bFederal Tax Refund     01 152,157  
cK-1 INC/LOSS PRI - OCTHEALTH LLC         -10,408
dK-1 INC/LOSS PRI - BBI MEDICAL SOLUTIONS         -14,605
eK-1 INC/LOSS PRI - BRYN PHARMA LLC         -2
fK-1 INC/LOSS PRI - YAMO PHARMACEUTICALS LLC         -6,575
gFOREIGN CURRENCY LOSS     01 -5,860  
hCLASS ACTION LAWSUIT PROCEEDS     01 16  
iSTATE TAX REFUND     01 6,615  
12 Subtotal. Add columns (b), (d), and (e) .. 106,999 4,731,850 -31,590
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,807,259
(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.)
11 BBI Medical - loss from program related investment to promote health & reduce suffering of those affected by early state pressure ulcers DURING THE HOSPITAL STAYS and TO ADVANCE SCIENTIFIC UNDERSTANDING THROUGH RESEARCH. Octhealth LLC - loss from program related investment TO PROMOTE THE HEALTH OF PEOPLE WHO ARE AFFECTED BY POLLUTED DRINKING WATER BY FUNDING THE DEVELOPMENT OF A WATER MONITORING SYSTEM. BRYN PHARMA LLC FKA EPI-NOW LLC - loss from program related investment TO FUND TASK 4(A)-STUDY 5 OF THE MRI STATEMENT OF WORK WHICH WILL ASSIST THE COMPANY IN ITS DEVELOPMENT OF AN EPINEPHRINE DELIVERY SYSTEM YAMO PHARMACEUTICALS LLC - loss from program related investment to PROMOTE HEALTH BY FINDING AN EFFECTIVE CURE FOR AUTISM
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
David & Janet Polak Foundation
 
Employer identification number

45-4797578
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
David & Janet Polak Foundation
  		Employer identification number
45-4797578
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
The Sandra Lawrence Post Family F
3275 Old Conejo Rd
 
Thousand Oaks, CA91320

$ 5,000


(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.)
(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
David & Janet Polak Foundation
  		Employer identification number

45-4797578
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
 
$    
(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
 
$    
(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
David & Janet Polak Foundation
  		Employer identification number

45-4797578
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 CompensationExplanation
Name:
David & Janet Polak Foundation
EIN:
45-4797578
Person Name Explanation
Jeff Polak * DAVID POLAK (DIRECTOR), JANET POLAK (DIRECTOR) AND JEFF POLAK PRESIDENT/DIRECTOR/EXECUTIVE DIRECTOR), OF DAVID & JANET POLAK FOUNDATION (THE "FOUNDATION"), ARE PRINCIPALS AT THE INVESTMENT MANAGEMENT FIRM POLAK INVESTORS, LLC, A DISQUALIFIED PERSON WHICH PROVIDES INVESTMENT MANAGEMENT SERVICES TO THE FOUNDATION. IN THE TAXABLE YEAR ENDING DECEMBER 31, 2024, THE FOUNDATION PAID $388,686 FOR INVESTMENT MANAGEMENT SERVICES RENDERED BY SUCH DISQUALIFIED PERSON, AS REPORTED IN PART I, LINE 16C. THE REASONABLENESS OF THE PROFESSIONAL FEES WAS ESTABLISHED BY AN OUTSIDE COMPENSATION COMMITTEE, WHICH REVIEWED THE RATES CHARGED BY COMPARABLE INVESTMENT MANAGEMENT FIRMS.

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

TY 2024 DepreciationSchedule
Name:
David & Janet Polak Foundation
EIN:
45-4797578
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

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

TY 2024 ExpenditureResponsibilityStmt
Name:
David & Janet Polak Foundation
EIN:
45-4797578
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
NEUROVISION IMAGING INC
  		1395 GARDEN HIGHWAY SUITE 250
SACRAMENTO,CA95833 		2014-12-17 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
BBI MEDICAL FKA BRUIN BIOMETRICS LLC
  		10960 WILSHIRE BLVD SUITE 950
LOS ANGELES,CA90024 		2015-05-13 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
BIOP MEDICAL LTD
  		10 OHALIAV ST
RAMAT GAN   5252263
IS 		2017-04-21 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
SIVACEL FKA ONLINE DISRUPTIVE TECH
  		MATAM ADV TECH PK BLD 23 POBX 15050
HAIFA   3190501
IS 		2017-04-21 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
ORGENESIS LTD
  		ARAD STREET 9
TEL AVIV    
IS 		2017-04-21 305,498 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
BRYN PHARMA LLC FKA EPI-NOW LLC
  		518 NORTH HILLCREST ROAD
BEVERLY HILLS,CA90210 		2018-07-13 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
CYWAT TECHNOLOGIES LTD
  		168 JABOTINSKY ST
BNEI BRAK    
IS 		2018-11-26 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
BIO-ACTIVES SYNERYGIO LTD FKA YB MO CHO
  		HITECH VIL 4/9 GIVAT RAM POB 39231
JERUSALEM   9129102
IS 		2018-04-20 250,000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
BIO-ACTIVES SYNERYGIO LTD FKA YB MO CHO
  		HITECH VIL 4/9 GIVAT RAM POB 39231
JERUSALEM   9129102
IS 		2018-07-19 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
MAXQ AI LTD
  		96 YIGAL ALON STREET ENTRANCE A
TEL AVIV   6789140
IS 		2019-03-19 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
EXTHERA MEDICAL CORPORATION
  		757 ARNOLD DRIVE SUITE B
MARTINEZ,CA94553 		2019-12-19 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
YONALINK LTD
  		HADASSAH EIN KEREM HOSP POB 12000
JERUSALEM   9112001
IS 		2019-11-12 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
AMICROBE INC
  		3142 TIGER RUN COURT 103
CARLSBAD,CA92010 		2019-10-31 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
OCTHEALTH LLC
  		1395 GARDEN HIGHWAY SUITE 250
SACRAMENTO,CA95833 		2021-06-08 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
BIO-ACTIVES SYNERGIO LTD
  		HI-TECH VILLAGE UNIT 4/9 POB39231
GIVAT RAM   9129102
IS 		2021-10-12 100,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
CYWAT TECHNOLOGIES LTD
  		168 JABOTINSKY ST
BNEI BRAK    
IS 		2021-06-15 100,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
NEUROVISION IMAGING INC
  		1395 GARDEN HIGHWAY SUITE 250
SACRAMENTO,CA95833 		2022-06-17 250,000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
YAMO PHARMACEUTICALS LLC
  		400 MADISON AVE STE 11A
NEW YORK,NY10017 		2022-07-13 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
BRIGHT URO INC
  		1209 Orange St
Wilmington,DE19801 		2024-01-11 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   NONE NECESSARY
OCT Health LLC
  		1395 Garden Hwy
Sacramento,CA95833 		2024-07-26 125,000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO SEE GENERAL EXPLANATION FOR REPORT DATES   NONE NECESSARY

TY 2024 GeneralExplanationAttachment
Name:
David & Janet Polak Foundation
EIN:
45-4797578
Identifier Return Reference Explanation
Forms 8865 Form 8865 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
PART I LINE 6A (990-PF) PART I LINE 6A (990-PF) RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $1,443,203 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $199,530 TOTAL PART I, LINE 6A: $1,642,733 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $33,742,952 BOOK BASIS: $32,817,103 NET GAIN/(LOSS): $925,849 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $535,520 SALES OF OTHER ITEMIZED ASSETS GROSS SALES PRICE: $534 BOOK BASIS: $18,700 NET GAIN/(LOSS): $(18,166)

TY 2024 InvestmentsCorpBondsSchedule
Name:
David & Janet Polak Foundation
EIN:
45-4797578
Name of Bond End of Year Book Value End of Year Fair Market Value
EDISON INTL BOND PERPETUAL - 5 1,000,149 986,078

TY 2024 InvestmentsCorpStockSchedule
Name:
David & Janet Polak Foundation
EIN:
45-4797578
Name of Stock End of Year Book Value End of Year Fair Market Value
AGNICO EAGLE MINES LTD 735,251 1,228,288
ALGOMA STL GROUP INC 76,925 97,800
ALLIED GOLD CORP 34,816 35,565
AMERICAN AXLE & MFG HOLDINGS I 165,846 105,523
ARCH COAL, INC 25,424 42,366
ARDAGH METAL PACKAGING SA 117,421 60,200
B2 GOLD CORP COM NPV 150,587 102,968
BARRICK GOLD CORPORATION 757,500 387,500
BAYER A G SPONSORED ADR 198,370 39,040
BERRY PLASTICS GROUP INC 215,823 323,350
BLACKSTONE SEC LENDING 315,803 420,030
BLOOM ENERGY CORP 19,368 22,210
CAMECO CORPORATION 19,784 51,390
CENTERRA GOLD INC 88,332 56,900
CENTURY ALUMINUM COMPANY 15,721 18,220
CHENIERE ENERGY INC 201,025 537,175
CITIGROUP INC 248,049 351,950
CLIFFS NATURAL RESOURCES INC. 69,635 37,600
COMPASS MINERALS INTERNATIONAL 160,778 45,000
COMSTOCK RES INC 130,453 346,180
CONSOL ENERGY, INC 53,977 160,020
CONSTELLIUM NV 136,767 61,620
COPA HOLDINGS S.A 99,309 87,880
COTERRA ENERGY INC 425,563 613,318
CVS CAREMARK CORP 233,000 224,450
DANA HOLDING CP 18,142 11,560
ELDORADO GOLD CORP COM NPV 308,509 416,360
ENDEAVOUR MINING CORP 206,264 181,115
FIDELITY CONSERV INC BD FD 9,664 9,700
FIRST MAJESTIC SILVER CORP 142,415 82,350
FLUTTER ENTERTAINMENT ORD SHS 90,356 180,915
G MINING VENTURES CORP 49,888 118,273
GENERAL MOTORS 329,075 479,430
GOLD FIELDS LTD ADS 125,508 290,400
GRAFTECH INTERNATIONAL LTD 427,360 83,040
GRAPHIC PACKAGING CORP COM STK 41,828 81,480
HALLIBURTON COMPANY 226,736 163,140
HESS CORP 190,621 266,020
HOLCIM N 442,464 855,000
HUDBAY MINERALS INC 224,452 497,988
IVANHOE MINES LTD 43,852 260,480
JAPAN SMALLER CAPITALIZATION F 403,984 389,636
JET2 PLC 47,621 99,127
JOHNSON & JOHNSON 48,846 77,516
KAZATOMPROM JSC NAC GDR 147,503 377,500
LIBERTY OILFIELD SVCS INC COM 151,164 238,680
MAGNERA CORP 17,793 25,093
MARKET VECTORS VIETNAM ETF 40,705 22,960
MERCK & CO INC 68,053 149,220
MICRON TECHNOLOGY 300,822 925,760
MONTAGE GOLD CORP 77,026 111,000
NEWMONT GOLDCORP CORPORATION 683,100 734,574
NEXGEN ENERGY LTD 115,963 231,000
NOVAGOLD RESOURCES 108,485 66,600
NUVEEN MLT STR I&G 9,760 7,860
OCEANAGOLD CORPORATION COM 142,250 165,660
ORGANON & CO 18,170 11,936
PFIZER INC 294,452 318,360
PHILIP MORRIS INTL 8,916 12,035
SHELL ADR EACH REPRESENTING 2 155,120 187,950
TEVA PHARMACEUTICAL INDUSTRIES 36,513 22,040
THE MOSAIC CO 306,123 196,640
TOREX GOLD RESOURCES 181,332 295,370
TPG RE FINANCE TRUST INC 2,013 850
TRUIST FINANCIAL CORPORATION 30,848 43,380
UNITED STATES STEEL CORP 50,123 67,980
VALARIS LTD WTS EXP 04/29/2028 220,170 662
VALARIS PLC COM CL A 161,969  
VIATRIS ORD SHS 90,189 80,688

TY 2024 InvestmentsGovtObligationsSch
Name:
David & Janet Polak Foundation
EIN:
45-4797578
US Government Securities - End of Year Book Value:

23,280,042
US Government Securities - End of Year Fair Market Value:

23,590,170
State & Local Government Securities - End of Year Book Value:


1,716,720
State & Local Government Securities - End of Year Fair Market Value:


1,718,993


TY 2024 InvestmentsOtherSchedule2
Name:
David & Janet Polak Foundation
EIN:
45-4797578
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACHIEVE PARTNERS EDTECH BUYOUT   236,446 192,417
AIR U.S. LIFE FUND III, LP   2,205,878 2,173,614
AIR US LIFE FUND IV, LP   1,926,638 2,153,897
ALPHA WAVE (F/K/A FALCON EDGE)   546,775 1,278,748
ALTAIR - PACIFIC COAST CPTL PT   341,064 178,787
ALTAIR DIRECT LENDING FUND, LL   164,837 112,515
ALTAIR EUROPEAN R E OPPORTUNIT   649,216 45,363
ALTAIR SENIOR HOUSING FUND (AE   201,505 321,468
ANAGENESIS CAPITAL PARTNERS SB   1,159,432 1,919,407
ASM CONNAUGHT HOUSE FUND III L   716,908 1,051,089
AVANTE CAPITAL PARTNERS SBIC I   731,180 182,739
BROAD ST REAL ESTATE CREDIT PT   0 30,239
BW GAS & CONVENIENCE ONSHORE F   0 2,913,911
DORCHESTER CAPITAL SECONDARIES   234,240 525,568
DORCHESTER CREDIT SECONDARIES   366,406 497,359
ENLIGHTENMENT CAP SOLUTION III   1,259,513 2,757,856
ENLIGHTENMENT CAPITAL SOLUTION   1,537,489 2,189,841
FIRST EAGLE CLO EQUITY FUND I,   119,457 53,727
FOURTHSTONE SMALL-CAP FINANCIA   418,169 505,985
GOLDMAN SACHS VINTAGE FUND V L   302,066 27,988
GRANITE CREEK FLEXCAP II, L.P   1,271,964 1,513,529
GRANITE CREEK FRLCXAP III LP   499,734 509,875
GS DISTRESSED OPPORTUNITIES FU   133,187 76,129
GSO CAP SOLUTIONS FD II AIV1   0 0
GSO CAP SOLUTIONS FD II AIV2   16,020 0
GSO CAPITAL SOLUTIONS FUND II   260,838 108,854
GSO ENERGY SELECT OPP AIV2   34,582 50,108
GSO ENERGY SELECT OPP AIV3   0 0
GSO ENERGY SELECT OPP AIV5   1,377 2,158
GSO ENERGY SELECT OPPORTUNITIE   42,668 2,505
LATITUDE MGMT REAL ESTATE CAPI   1,180,000 1,173,992
NEBARI NATURAL RESOURCES CREDI   666,324 684,894
PCCP EQUITY VII, LP   1,618,978 1,691,116
PCCP EQUITY VIII, LP   638,714 774,927
QS CAPITAL STRATEGIES II, L.P   950,138 1,065,032
SILVERVIEW CREDIT OPP FD   13,843 18,843
SILVERVIEW CREDIT OPP AIV   966,299 922,452
THE EDGBASTON ASIAN EQUITY TRU   1,633,041 1,422,490
BERNIE L MADOFF - CLAIM RECEIV   277,832 2,262,022

TY 2024 LegalFeesSchedule
Name:
David & Janet Polak Foundation
EIN:
45-4797578
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Document Review/Drafting 9,949     9,949
General Consultations 8,452 2,775   5,677


TY 2024 OtherAssetsSchedule
Name:
David & Janet Polak Foundation
EIN:
45-4797578
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PRI - AMICROBE, INC   250,000 250,000
PRI - BIOP MEDICAL   250,000 250,000
PRI - BRIGHT URO, INC - 200,16   250,000 250,000
PRI - BRYN PHARMA INC (C-CORP)   249,998 249,998
PRI - CYWAT TECH   507,100 507,101
PRI - EXTHERA MEDICAL CORP   250,000 250,000
PRI - MAXQ AI, LTD   250,000 250,000
PRI - MOTHERS CHOICE   250,000 250,000
PRI - MOTHERS CHOICE (2)   250,000 250,000
PRI - NEUROVISION IMAGING, INC   250,000 250,000
PRI - OCT HEALTH, LLC - 6% - 0   125,000 125,000
PRI - ONLINE DISRUPTIVE   250,000 250,000
PRI - ORGENESIS - 32,052 SHARE   294,398 0
PRI - ORGENESIS WTS - 32,052 U   11,100 0
PRI - SER A1 PFD (82,175 UNITS   250,000 250,000
PRI - SER A2 PFD (15,408 UNITS   37,502 37,502
PRI - SYNERGIO BIO ACTIVES LTD   100,000 100,000
PRI - YONALINK LTD   250,000 250,000
PRI - BBI MEDICAL SOLUTIONS   220,828 220,828
PRI - OCTHEALTH LLC   247,030 247,030
PRI - YAMO PHARMACEUTICALS   240,881 240,881


TY 2024 OtherExpensesSchedule
Name:
David & Janet Polak Foundation
EIN:
45-4797578
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 105,030     105,030
Administrative Set-Up Fee 425     425
Bank Charges 607 607    
Cell Phone Expense 808     808
Digital Subscriptions 3,549     3,549
Foundation Dues & Memberships 3,600     3,600
Indemnification Insurance 2,981     2,981
Insurance Premiums 5,834     5,834
K-1 Exp ACHIEVE PARTNERS EDTEC 24,192 24,192    
K-1 Exp AIR U.S. LIFE FUND III 79,133 79,133    
K-1 Exp AIR US LIFE FUND IV, L 128,559 128,559    
K-1 Exp ALPHA WAVE (F/K/A FALC 7,155 7,155    
K-1 Exp ALTAIR - PACIFIC COAST 8,260 7,593    
K-1 Exp ALTAIR DIRECT LENDING 2,288 1,049    
K-1 Exp ALTAIR SENIOR HOUSING 3,713 2,535    
K-1 Exp ANAGENESIS CAPITAL PAR 137,256 120,051    
K-1 Exp AVANTE CAPITAL PARTNER 91,692 86,753    
K-1 Exp BW GAS & CONVENIENCE O 568 132    
K-1 Exp ENLIGHTENMENT CAPITAL 21,452 20,616    
K-1 Exp ENLIGHTENMENT CAPITAL 41,968 40,090    
K-1 Exp FIRST EAGLE CLO EQUITY 5,092 5,092    
K-1 Exp FOURTHSTONE SMALL-CAP 6,539 6,539    
K-1 Exp GRANITE CREEK FLEXCAP 693 10    
K-1 Exp GRANITE CREEK FRLCXAP 66,999 66,956    
K-1 Exp GSO CAPITAL SOLUTIONS 6 6    
K-1 Exp GSO CAPITAL SOLUTIONS 2,099 2,099    
K-1 Exp GSO ENERGY SELECT OPPO 1,730 89    
K-1 Exp GSO ENERGY SELECT OPPO 10 10    
K-1 Exp GSO ENERGY SELECT OPPO 29 29    
K-1 Exp GSO ENERGY SELECT OPPO 1,594      
K-1 Exp PCCP EQUITY VII, LP 27,917 27,885    
K-1 Exp PCCP EQUITY VIII, LP 5,974 5,924    
K-1 Exp PRI - BBI Medical Solu 1 1 1  
K-1 Exp PRI - YAMO PHARMACEUTI 2,544 2,519 2,519  
K-1 Exp QS CAPITAL STRATEGIES 103,120 102,847    
K-1 Exp SILVERVIEW CREDIT OPPO 2,473 2,473    
K-1 Exp THE EDGBASTON ASIAN EQ 5,081 4,439    
Office & Supplies 950     950
Postage/Delivery Service 303     303
Registered Agent Fee 575     575
SOCIAL MEDIA/ADVERTISING EXP 100     100
State or Local Filing Fees 250     250
Storage Fee 1,073     1,073
Website Hosting/Support 624     624
PARKING FEES 8,415     8,415


TY 2024 OtherIncomeSchedule2
Name:
David & Janet Polak Foundation
EIN:
45-4797578
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss ACHIEVE PARTNERS EDTECH BUYOUT FUND, 760 760  
K-1 Inc/Loss AIR U.S. LIFE FUND III, LP 275 275  
K-1 Inc/Loss AIR US LIFE FUND IV, LP 149 149  
K-1 Inc/Loss ALPHA WAVE (F/K/A FALCON EDGE) INDIA 6 6  
K-1 Inc/Loss ALTAIR - PACIFIC COAST CPTL PTNRS EQ 5,825 2,149  
K-1 Inc/Loss ALTAIR DIRECT LENDING FUND, LLC 24 24  
K-1 Inc/Loss ALTAIR SENIOR HOUSING FUND (AEW), LL -12,443 2  
K-1 Inc/Loss ANAGENESIS CAPITAL PARTNERS SBIC FUN 197,206 249,945  
K-1 Inc/Loss AVANTE CAPITAL PARTNERS SBIC III, LP 165,952 161,562  
K-1 Inc/Loss BW GAS & CONVENIENCE ONSHORE FUND, L 1,630 5,159  
K-1 Inc/Loss ENLIGHTENMENT CAPITAL SOLUTIONS FUND 67,619 70,612  
K-1 Inc/Loss ENLIGHTENMENT CAPITAL SOLUTIONS FUND 93,657 77,597  
K-1 Inc/Loss FIRST EAGLE CLO EQUITY FUND I, LP 7,025 7,025  
K-1 Inc/Loss FOURTHSTONE SMALL-CAP FINANCIALS FD 9,319 9,319  
K-1 Inc/Loss GRANITE CREEK FLEXCAP II, L.P 163,103 167,300  
K-1 Inc/Loss GRANITE CREEK FRLCXAP III LP 79,601 79,601  
K-1 Inc/Loss GSO CAPITAL SOLUTIONS FUND II AIV-1 -1,215    
K-1 Inc/Loss GSO CAPITAL SOLUTIONS FUND II AIV-2 227 17  
K-1 Inc/Loss GSO CAPITAL SOLUTIONS FUND II LP 506 506  
K-1 Inc/Loss GSO ENERGY SELECT OPPORTUNITIES FUND 2,632 87  
K-1 Inc/Loss GSO ENERGY SELECT OPPORTUNITIES FUND 91 91  
K-1 Inc/Loss NEBARI NATURAL RESOURCES CREDIT FUND 36,182 36,182  
K-1 Inc/Loss PCCP EQUITY VII, LP -17,068 6,138  
K-1 Inc/Loss PCCP EQUITY VIII, LP -26,782 -7,926  
K-1 Inc/Loss PRI - BBI Medical Solutions -14,605 -14,605 -14,605
K-1 Inc/Loss PRI - BRYN PHARMA LLC -2 -2 -2
K-1 Inc/loss PRI - OCTHEALTH LLC -10,408 -10,408 -10,408
K-1 Inc/Loss YAMO PHARMACEUTICALS LLC -6,575 -6,575 -6,575
K-1 Inc/Loss QS CAPITAL STRATEGIES II, L.P 176,914 176,914  
K-1 Inc/Loss SILVERVIEW CREDIT OPPORTUNITES OFFSH 76,826 76,826  
K-1 Inc/Loss THE EDGBASTON ASIAN EQUITY TRUST 84,349 84,349  
Class Action Lawsuit Proceeds 16 16  
Federal Tax Refund 152,157    
Foreign Currency Loss -5,860 -5,860  
State Tax Refund 6,615    


TY 2024 OtherProfessionalFeesSchedule
Name:
David & Janet Polak Foundation
EIN:
45-4797578
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PHILANTHROPIC CONSULTING SRVCS 140,525     140,525
Investment Management Services 405,628 405,628    
RECRUITING/TEMP AGENCY 2,500     2,500
ENTERTAINMENT FEES 5,500     5,500
PRODUCTION SERVICES 24,745     24,745
TECHNOLOGY SERVICES 3,800     3,800
PHOTOGRAPHY SERVICES 750     750


TY 2024 TaxesSchedule
Name:
David & Janet Polak Foundation
EIN:
45-4797578
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 47,000      
990-PF Extension for 2023 10,300      
990-T Extension for 2023 79,200      
Foreign Tax Paid 15,096 15,096    
State Income Tax 2023 12,336