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
PROMETHEUS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1157
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CRYSTAL BAY, NV89402
A Employer identification number

27-1456655
B Telephone number (see instructions)

(775) 831-1384
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$71,680,980J 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) 1,402,340
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,580,630 2,548,656  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -10,815,588
b Gross sales price for all assets on line 6a 24,121,264
7 Capital gain net income (from Part IV, line 2)... 0
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
0 -926,677  
12 Total. Add lines 1 through 11........ -6,832,618 1,621,979  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 45,000 2,250   42,750
14 Other employee salaries and wages...... 76,500 765   75,735
15 Pension plans, employee benefits....... 6,230 62   6,168
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
72,088 0   72,088
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
127,688 55,844   71,844
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
374,679 374,679   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
20,524 0   20,524
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 378,099 0   378,099
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
411,058 909   410,150
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,511,866 434,509   1,077,358
25 Contributions, gifts, grants paid....... 7,632,183 4,074,313
26 Total expenses and disbursements. Add lines 24 and 25 9,144,049 434,509   5,151,671
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -15,976,667
b Net investment income (if negative, enter -0-) 1,187,470
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 498,946 258,880 258,880
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 arrow229,023
Less: allowance for doubtful accounts right arrow0 225,000 229,023 229,023
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 530,794 362,889 362,889
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 40,403,381 Click to see attachment
List of Attached Documents:
// Content
48,172,685 		48,172,685
c Investments—corporate bonds (attach schedule)....... 13,949,200 Click to see attachment
List of Attached Documents:
// Content
1,120,900 		1,120,900
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).......... 12,603,033 Click to see attachment
List of Attached Documents:
// Content
21,469,161 		21,469,161
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
18,726 		Click to see attachment
List of Attached Documents:
// Content
67,442 		Click to see attachment
List of Attached Documents:
// Content
67,442
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 68,229,080 71,680,980 71,680,980
Liabilities 17 Accounts payable and accrued expenses.......... 150,272 207,498
18 Grants payable................. 518,294 4,096,164
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)......... 668,566 4,303,662
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........ 67,560,514 67,377,318
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 67,560,514 67,377,318
30 Total liabilities and net assets/fund balances (see instructions). 68,229,080 71,680,980
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
67,560,514
2
Enter amount from Part I, line 27a .....................
2
-15,976,667
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
15,793,471
4
Add lines 1, 2, and 3 ..........................
4
67,377,318
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
67,377,318
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 PASSTHROUGH P   2024-12-31
b PASSTHROUGH P   2024-12-31
c PASSTHROUGH P   2024-12-31
d PASSTHROUGH P   2024-12-31
e PUBLICLY TRADED SECURITIES P   2024-12-31
SALE OF PRIVATE INVESTMENT P   2024-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 54,978     54,978
b 156,511     156,511
c 2,469     2,469
d 15,000     15,000
e 21,492,306   33,207,894 -11,715,588
2,400,000   1,500,000 900,000
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       54,978
b       156,511
c       2,469
d       15,000
e       -11,715,588
      900,000
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -10,586,630
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 16,506
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 16,506
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 16,506
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 160,517
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 160,517
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 144,011
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow144,011 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNV, CA
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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.PROMETHEUSFDN.ORG
14
The books are in care ofright arrowESMOND ASSOCIATES INC Telephone no.right arrow (818) 610-2900

Located atright arrow23901 CALABASAS ROAD SUITE 1010CALABASASCA ZIP+4right arrow913023308
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
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
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
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
CARL B BARNEY DIRECTOR & FOUNDER
5.00 		0 0 0
PO BOX 1157
CRYSTAL BAY,NV89402
C BRADLEY THOMPSON DIRECTOR
0.50 		7,000 0 0
PO BOX 1157
CRYSTAL BAY,NV89402
LEONARD ESMOND DIRECTOR & TREASURER
0.50 		7,000 0 0
PO BOX 1157
CRYSTAL BAY,NV89402
DAVID HARDY DIRECTOR & CHAIRMAN
0.50 		31,000 0 3,946
PO BOX 1157
CRYSTAL BAY,NV89402
CRAIG BIDDLE DIRECTOR
20.00 		52,500 0 0
PO BOX 1157
CRYSTAL BAY,NV89402
ANNIE VINTHER SANZ SECRETARY
20.00 		89,457 0 0
PO BOX 1157
CRYSTAL BAY,NV89402
KEITH ZAKARIN DIRECTOR
0.50 		0 0 0
PO BOX 1157
CRYSTAL BAY,NV89402
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
REMY INVESTORS & CONSULTANTS INC INVESTMENT 374,679
1801 CENTURY PARK E 111
LOS ANGELES,CA90067
ABUNDANCE 360 OUTSIDE CONTRACT SERVICES 205,000
800 CORPORATE POINTE
CULVER CITY,CA90230
ELY LASSMAN OUTSIDE CONTRACT SERVICES 124,908
2 HARTSBOURNE AVENUE
BUSHEY HARTFORDSHIRE   WD231JL
UK
ESMOND AND ASSOCIATES INC BOOKKEEPING AND ACCOUNTING 109,819
23901 CALABASAS ROAD SUITE 1010
CALABASAS,CA91302
BOULT WADE TENNANT OUTSIDE CONTRACT SERVICES 50,538
8 SALISBURY SQUARE
LONDON   EC4Y
UK
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 PROMETHEUS FOUNDATION FUNDS ORGANIZATIONS AND INDIVIDUALS WHO DEMONSTRATE THAT THEY CAN USE FUNDS TO PROMOTE AYN RAND AND ADVANCE OBJECTIVISM INTELLIGENTLY AND EFFECTIVELY. THE FOUNDATION HAS THREE FUNDING PROGRAMS: THE OBJECTIVIST VENTURE FUND, THE SCHOLARSHIPS PROGRAM, AND THE PROTECTIVENESS PROGRAM. 887,395
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
49,735,658
b
Average of monthly cash balances.......................
1b
465,536
c
Fair market value of all other assets (see instructions)................
1c
21,469,063
d
Total (add lines 1a, b, and c).........................
1d
71,670,257
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
71,670,257
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,075,054
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
70,595,203
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,529,760
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
3,529,760
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
16,506
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
16,506
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,513,254
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,513,254
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,513,254
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
5,151,671
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
5,151,671
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 3,513,254
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022...... 1,465,739
e From 2023...... 410,465
f Total of lines 3a through e ........ 1,876,204
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 5,151,671
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 3,513,254
e Remaining amount distributed out of corpus 1,638,417
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,514,621
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		3,514,621
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 1,465,739
d Excess from 2023.... 410,465
e Excess from 2024.... 1,638,417
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).)
CARL B BARNEY
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
GRANTSADMINISTRATORPROMETHEUSFDNORG
PO BOX 1157
CRYSTAL BAY,NV91302
(999) 999-9999
GRANTSADMINISTRATOR@PROMETHEUSFDN.ORG
bThe form in which applications should be submitted and information and materials they should include:
SEE WEBSITE
cAny submission deadlines:
SEE WEBSITE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE WEBSITE
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

ACADEMY OF IDEAS LTD

5-8 THE SANCTUARY
LONDON   SW1P3JS
UK 		NONE NC EDUCATION 4,965

ADAM SMITH INSTITUTE

23 GREAT SMITH STREET
LONDON   SW1P3DJ
UK 		NONE NC EDUCATION 50,000

AMERICA'S FUTURE FOUNDATION

1513 16TH ST NW
WASHINGTON,DC32036 		NONE PC EDUCATION 100,000

ANCYRANUM MEDIA COMM CONSULTANCY

KIZILIRMAK NEXT LEVEL LOFT OFIS
UFUK UNIV
ISTANBUL,ANKARA  
TU 		NONE NC EDUCATION 116,925
ANIS BENHAYYOUN


MARTEN LUTHERWEG 396
AMSTELVEEN NOORDHOLLAND    
NL 		NONE I EDUCATION 45,256

ATLAS NETWORK

TWO LIBERTY CENTER 4075 WILSON BLVD
SUITE 310
ARLINGTON,VA22203 		NONE PC EDUCATION 82,000

AYN RAND CENTER ARMENIA SENGO

RUBINYANTS STR 19/1 FLAT 18
YERVAN   0069
AM 		NONE NC EDUCATION 35,000

AYN RAND CENTER EUROPE

DIMITRIJA TUCOVIA 19
BELGRADE   11000
RI 		NONE NC EDUCATION 434,144

AYN RAND CENTER GEORGIA

BIZINA BARATASHVILI I TURN
TBILSI,TBILISI0131
GG 		NONE NC EDUCATION 84,000

AYN RAND CENTRE UKRAINE

14A BRATIV ZEROVYKH STREET APT 207
KYIV   03037
UP 		NONE NC EDUCATION 246,316

BOAZ JOSEF ARAD - OBJECTIVIST CENTER ISRAEL

HAMITNACHALIM 30
RAMAT HASHARON   4720002
IS 		NONE NC EDUCATION 240,000

CONFERENCES AND IDEAS EHF

HRINGBRAUT 24
REYKJAVIK   101
IC 		NONE NC EDUCATION 1,600

ESZTER NOVAPOLICY CONSULTING

46 BATTHYANY STREET
TALLIN ESTONIA BUDAPEST   15040
HU 		NONE NC EDUCATION 151,650

FOUNDATION FOR ECONOMIC EDUCATION

176 PEACHTREE ROAD NORTHWEST SUITE
710S
ATLANTA,GA30309 		NONE PC EDUCATION 173,864

IDEAS BEYOND BORDERS

244 FIFTH AVENUE SUITE 2594
NEW YORK,NY10001 		NONE PC EDUCATION 49,730
IRAKLI IAGORASHVILI


HAVIRSKA 1189/31 73506
KARVINA    
EZ 		NONE I EDUCATION 11,244
KIYAH WILLIS


NAME AND ADDRESS WITHHELD TO
PROTECT PRIVACY
SEE ABOVE,NV89431 		NONE I EDUCATION 2,000
KURSAT OZBUR OZER


5402 SOKAK CITY LIFE SITESI 2B-7
ANKARA   06370
TU 		NONE I EDUCATION 103,975

LADIES OF LIBERTY ALLIANCE

3910 BELLE VISTA DRIVE E
ST PETE BEACH,FL33706 		NONE PC EDUCATION 4,000
MADDOX JAMES LOCHER


34726 SPANGLE GOLD RD
COARSEGOLD,CA93614 		NONE I EDUCATION 2,000
MAX LEONARD REMKE


FROMMHAGENSTRASSE
STENDAL   39576
GM 		NONE I EDUCATION 9,150

OBJECTIVE STANDARD INSTITUTE

24996 ACACIA LN
LAGUNA HILLS,CA92653 		NONE PC EDUCATION 2,083,824
SIGNE LEVRING


SKOVGARSHAVE 19
HELSINGE   32000
DA 		NONE I EDUCATION 9,870

STUDENTS FOR LIBERTY

2221 S CLARK ST 12TH FLOOR
ARLINGTON,VA22202 		NONE PC EDUCATION 2,800

THOMAS PAINE INSTITUTE

3246 147 CENTENNIAL BLVD
COLORADO SPRINGS,CO80907 		NONE NC EDUCATION 30,000
Total .................................right arrow 3a 4,074,313
bApproved for future payment

AYN RAND CENTER GEORGIA
BIZINA BARATASHVILI I TURN
TBILSI,TBILISI0131
GG 		NONE NC EDUCATION 84,000

AYN RAND CENTER UKRAINE
14A BRATIV ZEROVYKH STREET APT 207
KYIV   03037
UP 		NONE NC EDUCATION 118,808

OBJECTIVE STANDARD INSTITUTE
24996 ACACIA LN
LAGUNA HILLS,CA92653 		NONE PC EDUCATION 3,893,359
Total ................................. right arrow 3b 4,096,167
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 ........... 		         
4 Dividends and interest from securities ....     14 2,580,630  
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 -10,815,588  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 -8,234,958 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
-8,234,958
(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
PROMETHEUS FOUNDATION
 
Employer identification number

27-1456655
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
PROMETHEUS FOUNDATION
  		Employer identification number
27-1456655
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
CARL B BARNEY
PO BOX 1157
 
CRYSTAL BAY, NV89402

$ 1,402,340


(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
PROMETHEUS FOUNDATION
  		Employer identification number

27-1456655
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 10,001 SHARES OF NVIDIA STOCK AT $140.22 PER SHARE $ 1,402,340 2024-12-24
(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
PROMETHEUS FOUNDATION
  		Employer identification number

27-1456655
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:
PROMETHEUS FOUNDATION
EIN:
27-1456655
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 127,688 55,844   71,844

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

TY 2024 ExpenditureResponsibilityStmt
Name:
PROMETHEUS FOUNDATION
EIN:
27-1456655
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
AYN RAND CENTER UKRAINE
  		14A BRATIV ZEROVYKH STREET APT 207
KYIV   03037
UP 		2023-08-01 237,616 CONTINUE TO DISSEMINATE OBJECTIVISM IN UKRAINE BY HOSTING OBJECTIVIST THOUGHT LEADERS PROGRAM, OBJECTIVIST CAMPUS PROGRAMS, AND AN ANNUAL INTELLECTUAL BOOTCAMP CONFERENCE. 237,616 NONE FEBRUARY 1, 2024   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
BOAZ JOSEF ARAD - OBJECTIVIST CENTER ISRAEL
  		HAMITNACHALIM 30
RAMAT HASHARON   4720002
IS 		2022-10-20 240,000 TO EXPAND, ORGANIZE, AND HOST THE ANNUAL AYN RAND ATLAS AWARD PROGRAM FOR BEST ISRAELI START-UP. 240,000 NONE MONTHLY   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
ACADEMY OF IDEAS LTD
  		5-8 THE SANCTUARY
LONDON   SW1P3JS
UK 		2024-09-22 4,965 TO HOST TWO OBJECTIVIST SPEAKERS AT THE ANNUAL BATTLE OF IDEAS IN LONDON IN OCTOBER 2024. 4,965 NONE DECEMBER 19, 2024   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
ADAM SMITH INSTITUTE
  		23 GREAT SMITH STREET
LONDON   SW1P3DJ
UK 		2024-06-16 50,000 ORGANIZE AND HOST THE 12TH ANNUAL AYN RAND LECTURE AT DRAPER'S HALL IN LONDON ON OCT. 22ND. 50,000 NONE NOVEMBER 10, 2024   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
ANIS BENHAYYOUN MARTIN LUTHERWIG 396
AMSTELVEEN NOORDHOLLAND    
NL 		2024-06-04 45,256 FOR THE PURPOSE OF EXTENSIVELY EXPANDING THE PARTICIPATION IN ANIS' READING GROUPS IN THE NETHERLANDS. 45,256 NONE JUNE 30, 2024 AND AUGUST 1, 2024   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
ANCYRANUM MEDIA COMM CONSULTANCY
  		KIZILIRMAK NEXT LEVEL LOFT OFIS
UFUK UNIV
ISTANBUL,ANKARA  
TU 		2024-02-01 116,925 TO FURTHER NURTURE THE OBJECTIVIST COMMUNITY IN TURKEY AND THE MENA REGION (THE MIDDLE EAST AND NORTH AFRICA) THROUGH OBJECTIVIST GATHERINGS, READING GROUPS, CONFERENCES, AND OTHER ACTIVITIES. 116,925 NONE MAY 1, 2024, AUGUST 1, 2024, NOVEMBER 1, 2024, AND FEBRUARY 1, 2025   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
AYN RAND CENTER ARMENIA SENGO
  		RUBINYANTS STR 19/1 FLAT 18
YERVAN   0069
AM 		2024-01-17 35,000 EXPANDING THE PARTICIPATION IN AYN RAND AND LEONARD PEIKOFF READING GROUPS AND TO DEVELOP A HANDBOOK FOR INTRODUCING OBJECTIVISM PRIMARILY TARGETED AT UNIVERSITY STUDENTS. 35,000 NONE MARCH 1, 2024 AND JUNE 1, 2024   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
AYN RAND CENTER EUROPE
  		DIMITRIJA TUCOVIA 19
BELGRADE   11000
RI 		2024-01-17 434,144 CONTINUANCE AND EXPANSION OF JOHN GALT SCHOOL 2024-26 434,144 NONE APRIL 1, 2024, JULY 1, 2024, OCTOBER 1, 2024, AND JANUARY 1, 2025   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
AYN RAND CENTER GEORGIA
  		BIZINA BARATASHVILI I TURN
TBILSI,TBILSI0131
GG 		2024-02-08 168,000 EXPANDING OBJECTIVIST PROGRAMS IN GEORGIA BY ORGANIZING AND HOSTING WEEKLY "RANDEZVOUS", RANDICALS: OBJECTIVISM IN ACTION, AYN RAND SHELVES: PROMOTING OBJECTIVISM THROUGH UNIVERSITY LIBRARIES AND AMERICAN CORNERS, AND AYN RAND ESSAY CONTEST. 84,000 NONE JUNE 30, 2024, DECEMBER 31, 2024 AND JUNE 30, 2025   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
AYN RAND CENTER UKRAINE - YEVHENIIA NAUMUK
  		14A BRATIV ZEROVYKH STREET APT 207
KYIV   03037
UP 		2024-09-18 8,700 ASSIST AYN RAND CENTER UKRAINE WITH MARKETING WHILE STUDYING FOR A MSC IN MARKETING MANAGEMENT. 8,700 NONE MARCH 1, 2025 AND SEPTEMBER 1, 2025   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
CONFERENCES AND IDEAS EHF
  		HRINGBRAUT 24
REYKJAVIK   101
IC 		2024-11-17 1,600 EDUCATION ON OBJECTIVISM. 1,600 NONE     TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
ESZTER NOVAPOLICY CONSULTING
  		46 BATTHYANY STREET
TALLIN ESTONIA BUDAPEST   15040
HU 		2024-09-04 151,650 ORGANIZING AND TEACHING A MINOR IN OBJECTIVISM PROGRAM AT CEVRO UNIVERSITY IN PRAGUE, CZECH REPUBLIC. 151,650 NONE JANUARY 1, 2025 AND JULY 1, 2025   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
IRAKLI IAGORASHVILI HAVIRSKA 1189/31 73506
KARVINA    
EZ 		2024-01-17 11,244 DISSEMINATION OF OBJECTIVISM IN GEORGIA UNDER DIFFICULT CIRCUMSTANCES. 11,244 NONE JANUARY 1, 2025   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
KIYAH WILLIS 1094 ROCK BLVD APARTMENT A
SPARKS,NV89431 		2024-01-11 2,000 CONTINUING A DEEP DIVE INTO STUDYING OBJECTIVISM. 2,000 NONE JANUARY 31, 2024   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
KURSAT OZBUR OZER 5402 SOKAK CITY LIFE SITESI 2B-7
ANKARA   06370
TU 		2024-02-01 103,975 TO FURTHER NURTURE THE OBJECTIVIST COMMUNITY IN TURKEY AND THE MENA REGION (THE MIDDLE EAST AND NORTH AFRICA) THROUGH OBJECTIVIST GATHERINGS, READING GROUPS, CONFERENCES, AND OTHER ACTIVITIES. 103,975 NONE MAY 1, 2024, AUGUST 1, 2024, OCTOBER 1, 2024, AND FEBRUARY 1, 2025   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
MADDOX JAMES LOCHER 34726 SPANGLE GOLD RD
COARSEGOLD,CA93614 		2024-01-10 2,000 CONTINUING A DEEP DIVE INTO STUDYING OBJECTIVISM. 2,000 NONE JANUARY 31, 2024   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
MAX LEONARD REMKE FROMMHAGENSTRASSE
STENDAL   39576
GM 		2024-05-07 9,150 CONTINUING A DEEP DIVE INTO STUDYING HOW OBJECTIVISM CAN BEST BE PROMOTED IN EUROPE. 9,150 NONE AUGUST 1, 2024   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
SIGNE LEVRING SKOVGARSHAVE 19
HELSINGE   3200
DA 		2024-01-10 9,870 APPLY OBJECTIVIST PRINCIPLES TO MONTESSORI TEXTBOOK FOR KIDS AND THEIR PARENTS 9,870 NONE JUNE 1, 2024, DECEMBER 1, 2024, AND JUNE 1, 2025   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.
THOMAS PAINE INSTITUTE
  		3246 147 CENTENNIAL BLVD
COLOARDO SPRINGS,CO80907 		2024-09-09 30,000 CREATE A MARKETING PLAN TO ADVANCE TPI'S MISSION OF LOCATING AND RETAINING INTELLECTUALS WHO AGREE WITH THEIR MISSION OF CREATING A FREE SOCIETY IN A NEW PLACE. 30,000 NONE DECEMBER 25, 2024 AND MARCH 25, 2024   TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED ON THE REPORTS FURNISHED BY THE GRANTEE, NO PART OF THE GRANT HAS BEEN USED FOR ANYTHING OTHER THAN ITS INTENDED PURPOSE.

TY 2024 InvestmentsCorpBondsSchedule
Name:
PROMETHEUS FOUNDATION
EIN:
27-1456655
Name of Bond End of Year Book Value End of Year Fair Market Value
JP MORGAN CHASE 06/30/2026 CUSIP: 48132UES8 QUANTITY 1,000,000 1,120,900 1,120,900

TY 2024 InvestmentsCorpStockSchedule
Name:
PROMETHEUS FOUNDATION
EIN:
27-1456655
Name of Stock End of Year Book Value End of Year Fair Market Value
FIDELITY TREASURY MONEY MARKET FUND 18,716,830 18,716,830
APOLLO GLOBAL MGMT INC COM(APO) QUANTITY 28,524 4,710,967 4,710,967
VANGUARD US GROWTH ADMIRAL (VWUAX) QUANTYTY 20,870 3,861,865 3,861,865
APPLE INC (AAPL) QUANTITY 15,157 3,795,563 3,795,563
DODGE & COX STOCK CL I (DODGX) QUANTITY 13,343 3,431,392 3,431,392
FIDELITY WISE ORIGIN BITCOIN FUND (FBTC) QUANTITY 17,404 1,419,786 1,419,786
NVIDIA CORPORATION COM QUANTITY 10,001 1,343,034 1,343,034
INVESCO EXCHANGE TRADED FD TR AEROSPACE DEFN (PPA) QUANTITY 10,986 1,260,461 1,260,461
BROADCOM INC COM (AVGO) QUANTITY 5,182 1,201,497 1,201,497
RITHM CAPITAL CORP PFD SER A 7.50000% QUANTITY 30,000 764,400 764,400
COMPASS DIVERSIFIED 7.875 CUM PFD C 7.87500% QUANTITY 25,000 618,750 618,750
OLD NATL BANCORP IND DP SH PF C 7.00000% PFD (ONBPO) QUANTITY 20,000 494,000 494,000
ATLANTIC UN BANKSHARES CORP DEP PFD A 6.87500% QUANTITY 19,055 437,884 437,884
TRITON INTL LTD RED PERP PREF SHS SER A QUANTITY 16,000 408,000 408,000
AGNC INVT CORP 6.875 DEP REP D 6.87500% QUANTITY 15,000 382,350 382,350
ABBVIE INC COM QUANTITY 2,136 379,616 379,616
PENNYMAC MTG INVT TR 6.75% RED PFD C (PMTPRC) QUANTITY 20,000 378,000 378,000
LAM RESEARCH CORP COM QUANTITY 5,093 367,831 367,831
BLACKSTONE INC (BX) QUANTITY 2,126 366,606 366,606
WINTRUST FINL CORP 6.875 DP SH PF E 6.87500% PFD QUANTITY 14,569 363,788 363,788
TPG INC COM CL A QUANTITY 5,401 339,392 339,392
TRITON INTL LTD 6.87500 QUANTITY 15,000 336,000 336,000
PENNYMAC MTG INVT TR CUM RED PFD B 8.00000% (PMTPRB) QUANTITY 14,000 323,260 323,260
FEDERAL AGRIC MTG CORP 4.875% PER PFD G QUANTITY 16,000 311,200 311,200
JOHNSON &JOHNSON COM USD1.00(JNJ) QUANTITY 2,126 307,490 307,490
KKR &CO INC COM (KKR) QUANTITY 2,034 300,802 300,802
TRITON INTL LTD 7.37504% QUANTITY 12,000 293,160 293,160
PENNYMAC MTG INVT TR PFD SER A 8.12500% (PMTPRA) QUANTITY 12,000 279,120 279,120
LOWES COMPANIES INC COM QUANTITY 1,040 256,709 256,709
RITHM CAPITAL CORP QUANTITY 8,000 190,080 190,080
PROSPECT CAP CORP CUM PFD A 5.35000% QUANTITY 8,000 141,120 141,120
MORGAN STANLEY COM QUANTITY 1,075 135,211 135,211
RTX CORPORATION COM QUANTITY 1,049 121,433 121,433
BANC OF CALIFORNIA INC DEPOSITARY SHARE 7.75000% PFD QUANTITY 3,925 95,888 95,888
ATLANTIC UN BANKSHARES CORP DEP PFD A 6.87500% QUANTITY 1,000 22,980 22,980
CALAMOS LNG SHR EQT DYNAMIC TR COM QUANTITY 980 16,220 16,220

TY 2024 InvestmentsOtherSchedule2
Name:
PROMETHEUS FOUNDATION
EIN:
27-1456655
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PRIVATE COMPANY INVESTMENT 4 FMV 6,334,867 6,334,867
PRIVATE COMPANY INVESTMENT 3 FMV 1,874,963 1,874,963
PRIVATE COMPANY INVESTMENT 9 FMV 1,819,081 1,819,081
PRIVATE COMPANY INVESTMENT 7 FMV 1,500,000 1,500,000
PRIVATE COMPANY INVESTMENT 8 FMV 1,500,000 1,500,000
PRIVATE COMPANY INVESTMENT 10 FMV 1,499,998 1,499,998
PRIVATE COMPANY INVESTMENT 12 FMV 1,478,221 1,478,221
PRIVATE COMPANY INVESTMENT 5 FMV 1,448,616 1,448,616
PRIVATE COMPANY INVESTMENT 6 FMV 1,231,059 1,231,059
PRIVATE COMPANY INVESTMENT 1 FMV 1,000,000 1,000,000
PRIVATE COMPANY INVESTMENT 2 FMV 1,000,000 1,000,000
PRIVATE COMPANY INVESTMENT 11 FMV 464,667 464,667
PRIVATE COMPANY INVESTMENT 13 FMV 317,689 317,689

TY 2024 LegalFeesSchedule
Name:
PROMETHEUS FOUNDATION
EIN:
27-1456655
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 72,088 0   72,088


TY 2024 OtherAssetsSchedule
Name:
PROMETHEUS FOUNDATION
EIN:
27-1456655
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
OTHER RECEIVABLE 18,726 67,442 67,442


TY 2024 OtherExpensesSchedule
Name:
PROMETHEUS FOUNDATION
EIN:
27-1456655
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATIVE SERVICES 3,240 0   3,240
AWARD COMMITTEE FEES 2,500 0   2,500
OUTSIDE CONTRACT SERVICES 217,558 0   217,558
DIRECTOR OF OPERATIONS 89,457 895   88,563
MARKETING 13,946 0   13,946
OFFICE EXPENSE 39,084 0   39,084
WEBSITE DEVELOPMENT 22,389 0   22,389
WORKERS COMPENSATION INSURANCE 1,436 14   1,422
FOUNDATION MATERIALS 21,448 0   21,448


TY 2024 OtherIncomeSchedule2
Name:
PROMETHEUS FOUNDATION
EIN:
27-1456655
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASS THROUGH ENERGY LP SERIES C 0 9,719 0
PASS THROUGH ENERGY TRANSFER OPERATING LP SERIES D 0 26,323 0
PASS THROUGH NUT TREE ONSHORE FUND LP 0 -619,058 0
PASS THROUGH SHIELD CAPITAL FUND I LP 0 -58,962 0
PASS THROUGH SKYNIGHT CAPITAL FUND IV LP 0 -45,739 0
PASS THROUGH FORESITE CAPITAL FUND VI, L.P. 0 -129,503 0
PASS THROUGH GILLOT EARLY GROWTH FUND II, LP 0 -62,987 0
PASS THROUGH SHIELD CAPITAL FUND II, LP 0 -34,511 0
PASS THROUGH VENBIO GLOBAL STRATEGIC FUND V, LP 0 -11,959 0


TY 2024 OtherIncreasesSchedule
Name:
PROMETHEUS FOUNDATION
EIN:
27-1456655
Description Amount
FMV ADJUSTMENT 15,793,471


TY 2024 OtherProfessionalFeesSchedule
Name:
PROMETHEUS FOUNDATION
EIN:
27-1456655
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVISOR FEES 374,679 374,679   0


TY 2024 SubstantialContributorsSch
Name:
PROMETHEUS FOUNDATION
EIN:
27-1456655
Name Address
CARL B BARNEY PO BOX 1157
CRYSTAL BAY,NV89402


TY 2024 TaxesSchedule
Name:
PROMETHEUS FOUNDATION
EIN:
27-1456655
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAXES 20,524 0   20,524