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
MARK FOUNDATION
C/O BESSEMER TRUST COMPANY
Number and street (or P.O. box number if mail is not delivered to street address)300 CRESCENT COURT 800
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DALLAS, TX752011800
A Employer identification number

27-3024112
B Telephone number (see instructions)

(214) 981-9400
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$80,988,209J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,580,929 1,580,929  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,884,578
b Gross sales price for all assets on line 6a 18,105,451
7 Capital gain net income (from Part IV, line 2)... 3,884,578
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
1,207,196 1,150,593  
12 Total. Add lines 1 through 11........ 6,672,703 6,616,100  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 141,395 35,349   106,046
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 48,833 12,208   36,625
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
12,000 10,800   1,200
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
150,704 150,704   0
17 Interest............... 14,205 14,205   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
119,376 20,629   8,335
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
12,275 11,500  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
431,057 331,921   19,563
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 929,845 587,316   171,769
25 Contributions, gifts, grants paid....... 2,813,500 2,813,500
26 Total expenses and disbursements. Add lines 24 and 25 3,743,345 587,316   2,985,269
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,929,358
b Net investment income (if negative, enter -0-) 6,028,784
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............. 49,318 242,750 242,750
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow117,801
Less: allowance for doubtful accounts right arrow   94,076 117,801 117,801
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)      
b Investments—corporate stock (attach schedule)....... 43,847,949 Click to see attachment
List of Attached Documents:
// Content
46,084,637 		66,226,857
c Investments—corporate bonds (attach schedule).......      
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).......... 7,330,134 Click to see attachment
List of Attached Documents:
// Content
7,835,102 		13,736,083
14 Land, buildings, and equipment: basis right arrow5,151
Less: accumulated depreciation (attach schedule) right arrow2,389 2,337 Click to see attachment
List of Attached Documents:
// Content
2,762 		2,762
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
695,286 		Click to see attachment
List of Attached Documents:
// Content
661,956 		Click to see attachment
List of Attached Documents:
// Content
661,956
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 52,019,100 54,945,008 80,988,209
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) Click to see attachment
List of Attached Documents:
// Content
3,450 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 3,450 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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 52,015,650 54,945,008
29 Total net assets or fund balances (see instructions)..... 52,015,650 54,945,008
30 Total liabilities and net assets/fund balances (see instructions). 52,019,100 54,945,008
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
52,015,650
2
Enter amount from Part I, line 27a .....................
2
2,929,358
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
54,945,008
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
54,945,008
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 SHORT-TERM CAPITAL GAINS - PUBLICLY TRADED SECURITIES      
b LONG-TERM CAPITAL GAINS - PUBLICLY TRADED SECURITIES      
c 28 SHARES - BROADCOM, INC.   2024-07-09 2024-08-30
d 7 SHARES - MCKESSON CORPORATION   2024-06-10 2024-08-30
e 5 SHARES - LVMH MOET HENNESSY   2023-10-09 2024-12-20
SHORT-TERM CAPITAL GAINS - PUBLICLY TRADED SECURITIES      
60 SHARES - CENCORA, INC.   2024-05-15 2024-07-02
150 SHARES - HDFC BANK, LTD.   2024-06-26 2024-08-19
92 SHARES - THERMO FISHER SCIENTIFIC CORPORATION   2024-05-15 2024-07-10
SHORT-TERM CAPITAL GAINS - PUBLICLY TRADED SECURITIES      
SHORT-TERM CAPITAL GAINS - PUBLICLY TRADED SECURITIES      
SHORT-TERM CAPITAL GAINS - PUBLICLY TRADED SECURITIES      
SHORT-TERM CAPITAL GAINS - PUBLICLY TRADED SECURITIES      
FIFTH AVENUE REAL ASSETS 3 LLC - SHORT-TERM GAIN (LOSS_      
FIFTH AVENUE REAL ASSETS 3 LLC - LONG-TERM GAIN (LOSS_      
FIFTH AVENUE REAL ASSETS 4 LLC - LONG-TERM GAIN (LOSS_      
FIFTH AVENUE REAL ASSETS 4 LLC - SHORT-TERM GAIN (LOSS_      
FIFTH AVENUE REAL ASSETS 5 LLC - LONG-TERM GAIN (LOSS_      
FIFTH AVENUE REAL ASSETS 5 LLC - SHORT-TERM GAIN (LOSS_      
FIFTH AVENUE PRIVATE EQUITY 14 LLC - SHORT-TERM GAIN (LOSS_      
FIFTH AVENUE PRIVATE EQUITY 14 LLC - LONG-TERM GAIN (LOSS_      
FIFTH AVENUE PRIVATE EQUITY 15 LLC - SHORT-TERM GAIN (LOSS_      
FIFTH AVENUE PRIVATE EQUITY 15 LLC - LONG-TERM GAIN (LOSS_      
FIFTH AVENUE PRIVATE EQUITY 16 LLC - SHORT-TERM GAIN (LOSS_      
FIFTH AVENUE PRIVATE EQUITY 16 LLC - LONG-TERM GAIN (LOSS_      
FIFTH AVENUE PRIVATE EQUITY 17 LLC - SHORT-TERM GAIN (LOSS_      
FIFTH AVENUE PRIVATE EQUITY 17 LLC - LONG-TERM GAIN (LOSS_      
FIFTH AVENUE REAL ASSETS 3 LLC - SECTION 1231 GAIN (LOSS)      
FIFTH AVENUE REAL ASSETS 4 LLC - SECTION 1231 GAIN (LOSS)      
FIFTH AVENUE REAL ASSETS 5 LLC - SECTION 1231 GAIN (LOSS)      
FIFTH AVENUE REAL ESTATE 6 LLC - SECTION 1231 GAIN (LOSS)      
FIFTH AVENUE PRIVATE EQUITY 14 LLC - SECTION 1231 GAIN (LOSS)      
FIFTH AVENUE PRIVATE EQUITY 15 LLC - SECTION 1231 (LOSS)      
FIFTH AVENUE PRIVATE EQUITY 16 LLC - SECTION 1231 GAIN (LOSS)      
Capital Gains Dividends P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 559,908   572,187 -12,279
b 15,945,367   12,141,506 3,803,861
c 4,544   4,646 -102
d 3,927   3,927 0
e 3,227   3,227 0
626,254   645,209 -18,955
13,272   13,272 0
9,034   9,354 -320
49,054   52,601 -3,547
360,968   343,028 17,940
108,517   116,828 -8,311
87,387   81,338 6,049
225,610   229,848 -4,238
777     777
8,596     8,596
23,590     23,590
1,797     1,797
    3,242 -3,242
    448 -448
119     119
23,140     23,140
1,333     1,333
12,313     12,313
1,853     1,853
12,957     12,957
10,530     10,530
    38 -38
4,381     4,381
5,720     5,720
    167 -167
883     883
7     7
    2 -2
    5 -5
386     386
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       -12,279
b       3,803,861
c       -102
d       0
e       0
      -18,955
      0
      -320
      -3,547
      17,940
      -8,311
      6,049
      -4,238
      777
      8,596
      23,590
      1,797
      -3,242
      -448
      119
      23,140
      1,333
      12,313
      1,853
      12,957
      10,530
      -38
      4,381
      5,720
      -167
      883
      7
      -2
      -5
      386
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 3,884,578
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 83,800
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 83,800
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 83,800
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 125,653
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.............. 7 125,653
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 41,853
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow41,853 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
No
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 arrowTX
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowCO BESSEMER TRUST COMPANY Telephone no.right arrow (214) 981-9400

Located atright arrow300 CRESCENT COURT SUITE 800DALLASTX ZIP+4right arrow75201
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
MARTHA PEAK ROCHELLE DIRECTOR
8.00 		0 0 0
300 CRESCENT COURT SUITE 800
DALLAS,TX75201
LAURA KATHERINE ROCHELLE CEO/DIRECTOR
30.00 		141,395 48,833 0
300 CRESCENT COURT SUITE 800
DALLAS,TX75201
REBECCA ROCHELLE DIRECTOR
2.00 		0 0 0
300 CRESCENT COURT SUITE 800
DALLAS,TX75201
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
BESSEMER TRUST COMPANY NA INVESTMENT MANAGEMENT 150,704
100 WOODBRIDGE CENTER DRIVE
WOODBRIDGE,NJ07095
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 ON FEBRUARY 22, 2013 THE FOUNDATION MADE A LOAN TO THEARMSTRONG COMMUNITY MUSIC SCHOOL OF AUSTIN, TEXAS. THE PURPOSE OF THE LOAN WAS IN FURTHERANCE OF THE CHARITABLE PURPOSE OF THE FOUNDATION. THE LOAN BEARS AN INTERESTRATE OF 0% AND WAS ORIGINALLY DUE ON FEBRUARY 6, 2023. THE ORIGINAL PRINCIPLE AMOUNT OF THE NOTE WAS $1,653,930. THE DUE DATE OF THE NOTE WAS EXTENDED IN 2023 TO JUNE 6, 2043. ON THE DATE OF THE EXTENSION $500,000 OF THE NOTE WAS ALSO FORGIVEN. THE OUTSTANDING BALANCE OF THE NOTE AT DECEMBER 31, 2024 IS $661,956. THE ADDRESS OF ARMSTRONG COMMUNITY MUSIC SCHOOL IS 404 CAMP CRAFT ROAD, AUSTIN, TEXAS 78746. 0
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
74,645,722
b
Average of monthly cash balances.......................
1b
618,259
c
Fair market value of all other assets (see instructions)................
1c
3,995,342
d
Total (add lines 1a, b, and c).........................
1d
79,259,323
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
79,259,323
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,188,890
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
78,070,433
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,903,522
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
3,903,522
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
83,800
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
5,149
c
Add lines 2a and 2b............................
2c
88,949
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,814,573
4
Recoveries of amounts treated as qualifying distributions................
4
33,330
5
Add lines 3 and 4............................
5
3,847,903
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
3,847,903
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
2,985,269
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
2,985,269
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 3,847,903
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,499,546
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......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,985,269
a Applied to 2023, but not more than line 2a 1,499,546
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..... 1,485,723
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		2,362,180
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 ...... 		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....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ALL SAINTS PRESBYTERIAN CHURCH

7808 RIALTO BOULEVARD
AUSTIN,TX78735 		NONE PUBLIC CHARITY ANNUAL CAMPAIGN SUPPORT. 1,000,000

BAYLOR SCOTT & WHITE DALLAS FOUNDATION

301 N WASHINGTON AVENUE
DALLAS,TX75246 		NONE PUBLIC CHARITY NEONATAL INTENSIVE CARE UNIT (NICU) BED SUPPORT. 35,000

BAYLOR SCOTT & WHITE DALLAS FOUNDATION

3600 GASTON AVENUE SUITE 100
DALLAS,TN75246 		NONE PUBLIC CHARITY NEONATAL INTENSIVE CARE UNIT (NICU) BED SUPPORT. 350,000

BNGF KATHERINE & AUSTIN WYKER FUND

100 WOODBRIDGE CENTER DRIVE
WOODBRIDGE,NJ070951162 		NONE PUBLIC CHARITY DONOR ADVISED FUND. 100,000

BNGF KATHERINE & AUSTIN WYKER FUND

100 WOODBRIDGE CENTER DRIVE
WOODBRIDGE,NJ070951162 		NONE PUBLIC CHARITY DONOR ADVISED FUND 50,000

CHILDREN'S MEDICAL CENTER FOUNDATION

2777 N STEMMONS FREEWAY SUITE 1700
DALLAS,TX75207 		NONE PUBLIC CHARITY ANNUAL PROJECT SUPPORT. 30,000

CULVER EDUCATIONAL FOUNDATION

1300 ACADEMY ROAD SUITE 153
CULVER,IN46511 		NONE PUBLIC CHARITY GENERAL SUPPORT - ANNUAL FUND. 10,000

EQUEST WOMEN'S AUXILLARY

P O BOX 171779
DALLAS,TX75217 		NONE PUBLIC CHARITY EQUINE THERAPY PROGRAM SUPPORT. 25,000

HILL HOUSE MINISTRIES

2104 NUECES STREET
AUSTIN,TX78705 		NONE PUBLIC CHARITY GENERAL SUPPORT. 7,500

HILL HOUSE MINISTRIES

2104 NUECES STREET
AUSTIN,TX78705 		NONE PUBLIC CHARITY GENERAL SUPPORT. 7,500

HILL HOUSE MINISTRIES

2104 NUECES STREET
AUSTIN,TX78705 		NONE PUBLIC CHARITY GENERAL SUPPORT. 6,250

HILL HOUSE MINISTRIES

2104 NUECES STREET
AUSTIN,TX78705 		NONE PUBLIC CHARITY GENERAL SUPPORT. 6,250

TEXAS A&M FOUNDATION

401 GEORGE BUSH DRIVE
COLLEGE STATION,TX77840 		NONE PUBLIC CHARITY CONTRUCTION OF THE VETERINARY SCHOOL SMALL ANIMAL HOSPITAL SUPPORT. 600,000

CREATIVE ACTION

P O BOX 66113
AUSTIN,TX78721 		NONE PUBLIC CHARITY GENERAL SUPPORT. 200,000

CRYSTAL CHARITY BALL

3838 OAK LAWN AVENUE SUITE L 150
DALLAS,TX75219 		NONE PUBLIC CHARITY GENERAL SUPPORT. 15,000

DALLAS HOLOCAUST MUSEUM

300 N HOUSTON STREET
DALLAS,TX75202 		NONE PUBLIC CHARITY HOLOCAUST EXHIBITION, PROGRAM, EDUCATION AND RESEARCH SUPPORT. 30,000

FOREFRONT LIVING FOUNDATION

12467 MERIT DRIVE
DALLAS,TX75251 		NONE PUBLIC CHARITY MAKING THE "EXTRAORDINARY" POSSIBLE SUPPORT. 25,000

METHODIST HEALTH SYSTEM FOUNDATION

1441 N BECKLEY AVENUE
DALLAS,TX75203 		NONE PUBLIC CHARITY GENERAL SUPPORT. 30,000

MY SWEET CHARTIY

P O BOX 60001
DALLAS,TX753600001 		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSE SUPPORT. 20,000

PARKLAND HEALTH FOUNDATION

1341 W MOCKINGBIRD LANE
DALLAS,TX75247 		NONE PUBLIC CHARITY COMPASSIONATE AND QUALITY CARE FOR THE COMMUNITY SUPPORT. 30,000

THE CENTER FOR INTEGRATIVE COUNSELING AND PSYCHOLOGY

4305 MACARTHUR AVENUE
DALLAS,TX75209 		NONE PUBLIC CHARITY GENERAL SUPPORT. 30,000

TRAFFICK 911

4575 CLAIRE CHENNAULT
ADDISON,TX75001 		NONE PUBLIC CHARITY VICTIMS OF CHILD SEX TRAFFICKING SUPPORT. 30,000

VOGEL

P O BOX 150948
DALLAS,TX75315 		NONE PUBLIC CHARITY PROGRAM FOR HOMELESS CHILDREN SUPPORT. 30,000

METHODIST HEALTH SYSTEM FOUNDATION

1441 N BECKLEY AVENUE
DALLAS,TX75235 		NONE PUBLIC CHARITY SEXUAL ASSAULT NURSE EXAMINERS (SANE) INITIATIVE SUPPORT. 25,000

HHM HEALTH

P O BOX 741524
DALLAS,TX75374 		NONE PUBLIC CHARITY HEALTHCARE FOR EVERYONE SUPPORT. 30,000

CRYSTAL CHARITY BALL

3838 OAK LAWN AVENUE SUITE L 150
DALLAS,TX75219 		NONE PUBLIC CHARITY GENERAL SUPPORT. 10,000

HIGHLAND PARK PRESBYTERIAN CHURCH DAY SCHOOL

3821 UNIVERSITY BOULEVARD
DALLAS,TX75205 		NONE PUBLIC CHARITY SECURITY GUARD SUPPORT. 50,000

HIGHLAND PARK PRESBYTERIAN CHURCH DAY SCHOOL

3821 UNIVERSITY BOULEVARD
DALLAS,TX75205 		NONE PUBLIC CHARITY PLAYGROUND IMPROVEMENT SUPPORT. 21,000

METHODIST HEALTH SYSTEM FOUNDATION

1441 N BECKLEY AVENUE
DALLAS,TX75235 		NONE PUBLIC CHARITY GENERAL SUPPORT. 10,000
Total .................................right arrow 3a 2,813,500
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,580,929  
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 ..... 211100 56,603 14 1,150,593  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 3,884,578  
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) .. 56,603 6,616,100 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
6,672,703
(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

TY 2024 AccountingFeesSchedule
Name:
MARK FOUNDATION
 
C/O BESSEMER TRUST COMPANY
EIN:
27-3024112
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING AND BOOKKEEPING EXPENSE 12,000 10,800   1,200

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

TY 2024 DepreciationSchedule
Name:
MARK FOUNDATION
 
C/O BESSEMER TRUST COMPANY
EIN:
27-3024112
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
OFFICE EQUIPMENT 2019-12-15 2,059 1,425 SL 5.000000000000 377 0    
COMPUTER EQUIPMENT 2023-04-15 1,892 189 SL 5.000000000000 378 0    
TELEPHONE EQUIPMENT 2024-11-29 1,200   SL 5.000000000000 20 0    

TY 2024 GeneralExplanationAttachment
Name:
MARK FOUNDATION
 
C/O BESSEMER TRUST COMPANY
EIN:
27-3024112
Identifier Return Reference Explanation
ADDENDUM TO JURAT PAGE 10 - SIGNATURE SECTION PURSUANT TO SECTION 7701 (a) (36) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, THE UNDERSIGNED IS CONSIDERED AN INCOME TAX RETURN PREPARER WITH RESPECT TO THE 2023 RETURN OF PRIVATE FOUNDATION (FORM 990-PF) AND THE EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) FOR THE MARK FOUNDATION, THE FEDERAL IDENTIFICATION NUMBER FOR WHICH IS (27-3024112). ACCORDINGLY, AS REQUIRED BY SECTION 6695 (b) AND (c) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, THIS ADDENDUM TO JURAT IS ATTACHED TO AND MADE A PART OF THE ABOVE-MENTIONED FORM 990-PF AND FORM 990-T.UNDER PENALTIES OF PERJURY, I DECLARE THAT I HAVE EXAMINED THIS RETURN, INCLUDING THE ACCOMPANYING SCHEDULES AND STATEMENTS, AND BASED ON ALL INFORMATION OF WHICH I HAVE ANY KNOWLEDGE, IT IS TRUE, CORRECT AND COMPLETE. STEPHEN J. FLANAGAN, CPA 11-10-25 P00548849 ------------------------- ----------- ------------- PREPARER DATE PTIN NUMBER 5033 BRIDGE CREEK DRIVE, PLANO TEXAS 75093 ----------------------------------------------------- FIRM ADDRESS

TY 2024 InvestmentsCorpStockSchedule
Name:
MARK FOUNDATION
 
C/O BESSEMER TRUST COMPANY
EIN:
27-3024112
Name of Stock End of Year Book Value End of Year Fair Market Value
BESSEMER TRUST - MANAGED SECURITIES 46,084,637 66,226,857

TY 2024 InvestmentsOtherSchedule2
Name:
MARK FOUNDATION
 
C/O BESSEMER TRUST COMPANY
EIN:
27-3024112
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
299,251 SHARES - DORCHESTER MINERALS, LP AT COST 5,187,382 9,974,035
FIFTH AVENUE REAL ASSETS 3 LLC AT COST 95,979 190,562
FIFTH AVENUE REAL ASSETS 4 LLC AT COST 374,784 694,208
FIFTH AVENUE REAL ASSETS 5 LLC AT COST 364,411 502,428
FIFTH AVENUE PRIVATE EQUITY 14 LLC AT COST 261,112 445,464
FIFTH AVENUE PRIVATE EQUITY 15 LLC AT COST 418,128 604,327
FIFTH AVENUE PRIVATE EQUITY 16 LLC AT COST 794,555 947,927
FIFTH AVENUE PRIVATE EQUITY 17 LLC AT COST 299,541 325,410
FIFTH AVENUE REAL ASSETS 6 LLC AT COST 39,210 51,722

TY 2024 LandEtcSchedule2
Name:
MARK FOUNDATION
 
C/O BESSEMER TRUST COMPANY
EIN:
27-3024112
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Other 5,151 2,389 2,762  


TY 2024 OtherAssetsSchedule
Name:
MARK FOUNDATION
 
C/O BESSEMER TRUST COMPANY
EIN:
27-3024112
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PROGRAM-RELATED INVESTMENT - ARMSTRONG COMMUNITY MUSIC SCHOOL 695,286 661,956 661,956


TY 2024 OtherExpensesSchedule
Name:
MARK FOUNDATION
 
C/O BESSEMER TRUST COMPANY
EIN:
27-3024112
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FIFTH AVENUE REAL ASSETS 3 LLC - OTHER PORTFOLIO DEDUCTIONS 4,893 4,893   0
FIFTH AVENUE REAL ASSETS 3 LLC - OTHER CONTRIBUTIONS 1 0   0
FIFTH AVENUE REAL ASSETS 3 LLC - ROYALTY DEDUCTIONS 358 358   0
FIFTH AVENUE REAL ASSETS 3 LLC - INTANGIBLE DRILLING COSTS 1,253 14   0
FIFTH AVENUE REAL ASSETS 3 LLC - NONDEDUCTIBLE EXPENSES 492 0   0
FIFTH AVENUE REAL ASSETS 3 LLC - UNRELATED BUSINESS DEDUCTIONS 10,373 0   0
FIFTH AVENUE PRIVATE EQUITY 14 LLC - NONDEDUCTIBLE EXPENSES 131 0   0
FIFTH AVENUE PRIVATE EQUITY 14 LLC - OTHER CONTRIBUTIONS 45 0   0
FIFTH AVENUE PRIVATE EQUITY 14 LLC - ROYALTY DEDUCTIONS 15 15   0
FIFTH AVENUE PRIVATE EQUITY 14 LLC - OTHER PORTFOLIO DEDUCTIONS 7,680 7,680   0
FIFTH AVENUE PRIVATE EQUITY 14 LLC - UNRELATED BUSINESS DEDUCTIONS 34 0   0
FIFTH AVENUE REAL ASSETS 4 LLC - OTHER PORTFOLIO DEDUCTIONS 13,806 13,806   0
FIFTH AVENUE REAL ASSETS 4 LLC - OTHER CONTRIBUTIONS 16 0   0
FIFTH AVENUE REAL ASSETS 4 LLC - INTANGIBLE DRILLING COSTS 6,335 70   0
FIFTH AVENUE REAL ASSETS 4 LLC - ROYALTY DEDUCTIONS 336 336   0
FIFTH AVENUE REAL ASSETS 4 LLC - NONDEDUCTIBLE EXPENSES 1,933 0   0
FIFTH AVENUE REAL ASSETS 4 LLC - UNRELATED BUSINESS DEDUCTIONS 13,584 0   0
FIFTH AVENUE PRIVATE EQUITY 16 LLC - OTHER CONTRIBUTIONS 20 0   0
FIFTH AVENUE PRIVATE EQUITY 16 LLC - OTHER PORTFOLIO DEDUCTIONS 33,915 33,915   0
FIFTH AVENUE PRIVATE EQUITY 16 LLC - NONDEDUCTIBLE EXPENSES 64 0   0
FIFTH AVENUE PRIVATE EQUITY 16 LLC - INTANGIBLE DRILLING COSTS 0 0   0
FIFTH AVENUE PRIVATE EQUITY 16 LLC - UNRELATED BUSINESS DEDUCTIONS 122 0   0
FIFTH AVENUE PRIVATE EQUITY 15 LLC - OTHER PORTFOLIO DEDUCTIONS 13,255 13,255   0
FIFTH AVENUE PRIVATE EQUITY 15 LLC - ROYALTY DEDUCTIONS 3 3   0
FIFTH AVENUE PRIVATE EQUITY 15 LLC - OTHER CONTRIBUTIONS 6 0   0
FIFTH AVENUE PRIVATE EQUITY 15 LLC - INTANGIBLE DRILLING COSTS 0 0   0
FIFTH AVENUE PRIVATE EQUITY 15 LLC - NONDEDUCTIBLE EXPENSES 43 0   0
FIFTH AVENUE PRIVATE EQUITY 15 LLC - UNRELATED BUSINESS DEDUCTIONS 143 0   0
FIFTH AVENUE PRIVATE EQUITY 17 LLC - OTHER CONTRIBUTIONS 21 0   0
FIFTH AVENUE PRIVATE EQUITY 17 LLC - NONDEDUCTIBLE EXPENSES 92 0   0
FIFTH AVENUE PRIVATE EQUITY 17 LLC - OTHER PORTFOLIO DEDUCTIONS 32,657 32,657   0
FIFTH AVENUE PRIVATE EQUITY 17 LLC - UNRELATED BUSINESS DEDUCTIONS 1,403 0   0
DORCHESTER MINERALS LP - ROYALTY DEDUCTIONS 192,698 192,698   0
FIFTH AVENUE REAL ASSETS 5 LLC - OTHER CONTRIBUTIONS 18 0   0
FIFTH AVENUE REAL ASSETS 5 LLC - OTHER PORTFOLIO DEDUCTIONS 12,568 12,568   0
FIFTH AVENUE REAL ASSETS 5 LLC - ROYALTY DEDUCTIONS 8 8   0
FIFTH AVENUE REAL ASSETS 5 LLC - INTANGIBLE DRILLING COSTS 7,824 86   0
FIFTH AVENUE REAL ASSETS 5 LLC - NONDEDUCTIBLE EXPENSES 36 0   0
FIFTH AVENUE REAL ASSETS 5 LLC - UNRELATED BUSINESS DEDUCTIONS 32,306 0   0
FIFTH AVENUE REAL ASSETS 6 LLC - OTHER PORTFOLIO DEDUCTIONS 16,140 16,140   0
FIFTH AVENUE REAL ASSETS 6 LLC - ROYALTY DEDUCTIONS 147 147   0
FIFTH AVENUE REAL ASSETS 6 LLC - UNRELATED BUSINESS DEDUCTIONS 2,834 0   0
FIFTH AVENUE REAL ASSETS 6 LLC - INTANGIBLE DRILLING COSTS 0 0   0
FIFTH AVENUE REAL ASSETS 6 LLC - NONDEDUCTIBLE EXPENSES 5 0   0
ADR FEES 66 66   0
INVESTMENT FEES AND EXPENSES 151 151   0
TELEPHONE EXPENSE 2,029 2,029   0
MEMBERSHIP DUES 16,967 0   16,967
BUSINESS MEALS EXPENSE 1,218 305   304
RETIREMENT PLAN ADMINISTRATION EXPENSE 2,883 721   2,162
REGISTERED AGENT FEE 130 0   130


TY 2024 OtherIncomeSchedule2
Name:
MARK FOUNDATION
 
C/O BESSEMER TRUST COMPANY
EIN:
27-3024112
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
DORCHESTER MINERALS, LP - ROYALTIES 1,152,393 1,152,393 1,152,393
FIFTH AVENUE PRIVATE EQUITY 14 LLC - OTHER INCOME 373 373 373
FIFTH AVENUE PRIVATE EQUITY 14 LLC - ORDINARY INCOME -125 -125 -125
FIFTH AVENUE PRIVATE EQUITY 14 LLC - ROYALTY INCOME 19 19 19
FIFTH AVENUE PRIVATE EQUITY 14 LLC - UNRELATED BUSINESS GAINS (LOSSES) 3,096 0 3,096
FIFTH AVENUE PRIVATE EQUITY 14 LLC - UNRELATED BUSINESS INCOME 296 0 296
FIFTH AVENUE PRIVATE EQUITY 15 LLC - ORDINARY INCOME -423 -423 -423
FIFTH AVENUE PRIVATE EQUITY 15 LLC - OTHER INCOME 143 143 143
FIFTH AVENUE PRIVATE EQUITY 15 LLC - ROYALTY INCOME 3 3 3
FIFTH AVENUE PRIVATE EQUITY 15 LLC - UNRELATED BUSINESS GAINS (LOSSES) 36 0 36
FIFTH AVENUE PRIVATE EQUITY 15 LLC - UNRELATED BUSINESS INCOME -934 0 -934
FIFTH AVENUE PRIVATE EQUITY 16 LLC - ORDINARY INCOME -3,460 -3,460 -3,460
FIFTH AVENUE PRIVATE EQUITY 16 LLC - REAL ESTATE INCOME (LOSS) 0 0 0
FIFTH AVENUE PRIVATE EQUITY 16 LLC - OTHER INCOME 90 90 90
FIFTH AVENUE PRIVATE EQUITY 16 LLC - UNRELATED BUSINESS INCOME -2,449 0 -2,449
FIFTH AVENUE PRIVATE EQUITY 17 LLC - ORDINARY INCOME -3,794 -3,794 -3,794
FIFTH AVENUE PRIVATE EQUITY 17 LLC - REAL ESTATE INCOME 1 1 1
FIFTH AVENUE PRIVATE EQUITY 17 LLC - OTHER INCOME 16 16 16
FIFTH AVENUE PRIVATE EQUITY 17 LLC - UNRELATED BUSINESS INCOME 306 0 306
FIFTH AVENUE PRIVATE EQUITY 17 LLC - UNRELATED BUSINESS GAINS (LOSSES) 88 0 88
FIFTH AVENUE REAL ASSETS 3 LLC - ORDINARY INCOME 1,785 1,785 1,785
FIFTH AVENUE REAL ASSETS 3 LLC - OTHER INCOME 531 531 531
FIFTH AVENUE REAL ASSETS 3 LLC - REAL ESTATE INCOME (LOSS) -197 -197 -197
FIFTH AVENUE REAL ASSETS 3 LLC - ROYALTIES 1,875 1,875 1,875
FIFTH AVENUE REAL ASSETS 3 LLC - UNRELATED BUSINESS GAINS (LOSSES) 466 0 466
FIFTH AVENUE REAL ASSETS 3 LLC - UNRELATED BUSINESS INCOME 32,589 0 32,589
FIFTH AVENUE REAL ASSETS 4 LLC - NET RENTAL REAL ESTATE INCOME (LOSS) -988 -988 -988
FIFTH AVENUE REAL ASSETS 4 LLC - ORDINARY INCOME -1,609 -1,609 -1,609
FIFTH AVENUE REAL ASSETS 4 LLC - OTHER INCOME 1,816 1,816 1,816
FIFTH AVENUE REAL ASSETS 4 LLC - ROYALTIES 2,819 2,819 2,819
FIFTH AVENUE REAL ASSETS 4 LLC - UNRELATED BUSINESS GAINS (LOSSES) 2,703 0 2,703
FIFTH AVENUE REAL ASSETS 4 LLC - UNRELATEED BUSINESS INCOME 15,636 0 15,636
FIFTH AVENUE REAL ASSETS 5 LLC - ORDINARY INCOME -1,237 -1,237 -1,237
FIFTH AVENUE REAL ASSETS 5 LLC - OTHER INCOME 1,397 1,397 1,397
FIFTH AVENUE REAL ASSETS 5 LLC - REAL ESTATE INCOME (LOSS) -2,070 -2,070 -2,070
FIFTH AVENUE REAL ASSETS 5 LLC - ROYALTY INCOME 173 173 173
FIFTH AVENUE REAL ASSETS 5 LLC - UNREALTED BUSINESS INCOME 2,809 0 2,809
FIFTH AVENUE REAL ASSETS 5 LLC - UNRELATED BUSINESS GAINS (LOSSES) 15 0 15
FIFTH AVENUE REAL ASSETS 6 LLC - ROYALTY INCOME 77 77 77
FIFTH AVENUE REAL ESTATE 6 LLC - ORDINARY INCOME -237 -237 -237
FIFTH AVENUE REAL ESTATE 6 LLC - REAL ESTATE NCOME (LOSS) 0 0 0
FIFTH AVENUE REAL ESTATE 6 LLC - OTHER INCOME 1,222 1,222 1,222
FIFTH AVENUE REAL ASSETS 6 LLC - UNRELATED BUSINESS INCOME 1,946 0 1,946


TY 2024 OtherLiabilitiesSchedule
Name:
MARK FOUNDATION
 
C/O BESSEMER TRUST COMPANY
EIN:
27-3024112
Description Beginning of Year - Book Value End of Year - Book Value
INVESTMENT IN FIFTH AVENUE REAL ASSETS 6 LLC 3,450 0


TY 2024 OtherProfessionalFeesSchedule
Name:
MARK FOUNDATION
 
C/O BESSEMER TRUST COMPANY
EIN:
27-3024112
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 150,704 150,704   0


TY 2024 TaxesSchedule
Name:
MARK FOUNDATION
 
C/O BESSEMER TRUST COMPANY
EIN:
27-3024112
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 11,113 2,778   8,335
FOREIGN INCOME TAXES 15,223 15,223   0
FOREIGN INCOME TAXES IN EXCESS OF TREATY AMOUNT 1,459 0   0
FOREIGN INCOME TAXES - FIFTH AVENUE REAL ASSETS 3 LLC 31 31   0
FOREIGN INCOME TAXES - FIFTH AVENUE REAL ASSETS 4 LLC 940 940   0
FOREIGN INCOME TAXES - FIFTH AVENUE REAL ASSETS 5 LLC 9 9   0
FOREIGN INCOME TAXES - FIFTH AVENUE PRIVATE EQUITY 14 LLC 46 46   0
FOREIGN INCOME TAXES - FIFTH AVENUE PRIVATE EQUITY 15 LLC 39 39   0
FOREIGN INCOME TAXES - FIFTH AVENUE PRIVATE EQUITY 16 LLC 5 1   0
STATE INCOME TAXES 1,562 1,562   0
EXCISE TAX 83,800 0   0
BUSINESS INCOME TAX 5,149 0   0