| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 330,065 | 165,033 | 165,033 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| SCHEDULE OF CONTROLLED ENTITIES | FORM 990-PF, PART VI-A, LINE 11: | NAME OF CONTROLLED ENTITY:TREVILLE SPECIAL OPPORTUNITIES FUND II LPEMPLOYER ID NO:87-2766533ADDRESS: 437 MADISON AVENUE, STE #2001, NEW YORK, NY 10022EXCESS BUSINESS HOLDING: NOAMOUNT TRANSFERRED TO CONTROLLED ENTITY:$30,117,168AMOUNT TRANSFERRED FROM CONTROLLED ENTITY:$22,140,026 |
| FORM 990-PF, PART VI-A, LINE 11: | NAME OF CONTROLLED ENTITY: FIFTH STAR LLCEMPLOYER ID NO:93-3228655ADDRESS:301 WEST GRAND AVENUE, #358, CHICAGO, IL 60654EXCESS BUSINESS HOLDING:NOAMOUNT TRANSFERRED TO CONTROLLED ENTITY:$28,000,000AMOUNT TRANSFERRED FROM CONTROLLED ENTITY:$0 | |
| SCHEDULE OF CONTROLLED ENTITIES | FORM 990-PF, PART VI-A, LINE 11: | NAME OF CONTROLLED ENTITY: 786 PARTNERS LPEMPLOYER ID NO:87-4647536ADDRESS: 2600 ISLAND BLVD, SUITE 405, AVENTURA, FL 33160EXCESS BUSINESS HOLDING: NOAMOUNT TRANSFERRED TO CONTROLLED ENTITY:$0AMOUNT TRANSFERRED FROM CONTROLLED ENTITY:$0 |
| FORM 990-PF, PART XI, LINE 3B: | REQUIRED STATEMENT PURSUANT TO TREASURY REGULATION SECTION 53.4942(A)-3(B)(7)(II)(A)-(E):(A-C) THE ORGANIZATION IS NOT SETTING ASIDE ANY FUNDS IN 2024.(D) A STATEMENT SHOWING THE DISTRIBUTABLE AMOUNTS DETERMINED UNDER SECTION 4942(D) FOR ANY PAST TAXABLE YEARS IN THE PRIVATE FOUNDATION'S START-UP AND FULL-PAYMENT PERIODS.THE TAX YEAR ENDING DECEMBER 31, 2024 IS THE FIFTH YEAR IN THE INSTITUTE'S START-UP PERIOD. THEREFORE, THERE ARE FOUR PAST TAXABLE YEARS IN THE INSTITUTE'S START-UP PERIOD.THE FOLLOWING SCHEDULE IDENTIFIES THE DISTRIBUTABLE AMOUNT AS DETERMINED UNDER IRC SECTION 4942(D) FOR ANY PAST TAXABLE YEARS IN THE INSTITUTE'S START UP AND FULL-PAYMENT PERIODS:YEAR ENDED 12/31/2020: $ 0YEAR ENDED 12/31/2021: $ 16,824,877YEAR ENDED 12/31/2022: $ 35,776,752YEAR ENDED 12/31/2023: $ 59,893,487YEAR ENDED 12/31/2024: $100,675,931TOTAL: $213,171,047(E) STATEMENT SHOWING THE AGGREGATE AMOUNT OF ACTUAL PAYMENTS MADE IN CASH FOR CHARITABLE PURPOSES DURING EACH TAXABLE YEAR IN THE FOUNDATION'S START-UP AND FULL-PAYMENT PERIOD. THIS STATEMENT SHOULD INCLUDE A DETAILED DESCRIPTION OF ANY PAYMENTS THAT ARE TO BE TREATED AS DISTRIBUTED DURING A TAXABLE YEAR PRIOR TO THE TAXABLE YEAR IN WHICH SUCH PAYMENTS WERE ACTUALLY MADE AND, IN ADDITION, SHOULD EXPLAIN THE CIRCUMSTANCES THAT JUSTIFY THE APPLICATION OF THOSE RULES. EACH TAXABLE YEAR IN THE INSTITUTE'S START-UP PERIOD AND THE ACTUAL PAYMENTS MADE IN CASH FOR CHARITABLE PURPOSES DURING SUCH YEARS ARE IDENTIFIED IN THE BELOW SCHEDULE:YEAR ENDED 12/31/2020: $ 1,420,332YEAR ENDED 12/31/2021: $ 24,585,880YEAR ENDED 12/31/2022: $ 11,282,272YEAR ENDED 12/31/2023: $ 5,370,421YEAR ENDED 12/31/2024: $173,859,727TOTAL: $216,518,632PURSUANT TO TREASURY REGULATION SECTION 53.4942(A)-3(B)(4)(IV), THE INSTITUTE INTENDS TO TREAT THE DISTRIBUTION MADE DURING 2020, THE TAXABLE YEAR IN WHICH THE INSTITUTE WAS CREATED, AS A DISTRIBUTION ACTUALLY MADE DURING THE START-UP PERIOD.IN THE TAXABLE YEAR ENDING DECEMBER 31, 2024, THE INSTITUTE MADE PAYMENTS TOTALING $76,500,000 IN SATISFACTION OF SET-ASIDES THAT WERE PREVIOUSLY APPROVED AND TREATED AS QUALIFYING DISTRIBUTIONS UNDER INTERNAL REVENUE CODE SECTION 4942(G)(2). SPECIFICALLY, THE $76,500,000 WAS SPENT IN CONNECTION WITH THE COMPUTE CLUSTER PROGRAM SET-ASIDE. THESE SET-ASIDES WERE ORIGINALLY ESTABLISHED AND REPORTED AS QUALIFYING DISTRIBUTIONS IN TAX YEARS 2020, 2021, AND 2022 PURSUANT TO THE CASH DISTRIBUTION TEST AND IN ACCORDANCE WITH THE REQUIREMENTS OF TREASURY REGULATION SECTION 53.4942(A)-3(B).THE PAYMENTS MADE DURING THE CURRENT YEAR REPRESENT THE FULFILLMENT OF THE INSTITUTE'S OBLIGATION TO DISBURSE THE SET-ASIDE AMOUNTS FOR ONE OF THE CHARITABLE PURPOSES SPECIFIED IN THE ORIGINAL SET-ASIDE REQUESTS.THESE PAYMENTS ARE NOT INCLUDED IN THE CURRENT YEAR'S QUALIFYING DISTRIBUTIONS, AS THE QUALIFYING DISTRIBUTION WAS RECOGNIZED IN THE YEAR THE SET-ASIDE WAS ESTABLISHED. THE INSTITUTE'S BOOKS AND RECORDS REFLECT THE REDUCTION OF THE SET-ASIDE OBLIGATION UPON PAYMENT, AND THE PAYMENTS ARE IDENTIFIED IN THE BELOW SCHEDULE, WHICH DETAILS THE ORIGINAL SET-ASIDE AMOUNTS, THE YEAR(S) IN WHICH THEY WERE APPROVED, AND THE PAYMENTS MADE IN SATISFACTION OF THOSE SET-ASIDES.YEAR SET-ASIDE ORIGINAL SET-ASIDE AMOUNT AMOUNT PAID IN 20242020: $ 312,500 $ 312,5002021: $31,500,000 $31,500,0002022: $48,345,649 $44,687,500TOTAL: $80,158,149 $76,500,000 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABERDEEN STF GOLD ETF TR PHYSCL GOLD | 27,935,436 | 27,935,436 |
| FIDELITY 500 INDEX FUND | 71,795,979 | 71,795,979 |
| JANUS HENDERSON GLOB TECH & INNOV T | 24,591,001 | 24,591,001 |
| SHELTON NASDAQ 100 INDEX | 32,630,912 | 32,630,912 |
| VICTORY 500 INDEX FUND MEMBER CLASS SHARES | 32,326,074 | 32,326,074 |
| NVIDIA CORPORATION COM | 230,348,063 | 230,348,063 |
| ARK TR ARK SPACE EXPL | 35,082,398 | 35,082,398 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| SWIM PARTNERS LP | FMV | 68,550,488 | 68,550,488 |
| TERVIVA BIOENERGY | FMV | 42,830,000 | 42,830,000 |
| GREENLEA LANE CAPITAL PARTNERS, LP | FMV | 33,071,954 | 33,071,954 |
| SPACEFUND TWO LP | FMV | 2,276,609 | 2,276,609 |
| SV ANDROMEDA FUND, LP | FMV | 5,309,123 | 5,309,123 |
| PUNCH CARD CAPITAL, L.P. | FMV | 75,135,027 | 75,135,027 |
| D1 CAPITAL PARTNERS ONSHORE LP | FMV | 235,483,422 | 235,483,422 |
| FIREFLY AEROSPACE | FMV | 114,830,000 | 114,830,000 |
| SCI-FOUNDER FELLOWSHIP I, A SERIES OF SCIFOUNDERS, LP | FMV | 1,677,262 | 1,677,262 |
| COVENTURE - AMZN CREDIT OPPORTUNITIES FUND LP | FMV | 45,526,807 | 45,526,807 |
| 786 PARTNERS LP | FMV | 16,155,604 | 16,155,604 |
| ASTRO INVESTMENT | FMV | 135,120 | 135,120 |
| TREVILLE CREDIT FUND LP | FMV | 12,789,256 | 12,789,256 |
| VOYAGER PARTNERS | FMV | 7,596,914 | 7,596,914 |
| OPEN AI | FMV | 567,147,219 | 567,147,219 |
| TREVILLE SPECIAL OPPORTUNITIES FUND II LP | FMV | 512,942,585 | 512,942,585 |
| GORDIAN BIOTECHNOLOGY | FMV | 3,224,654 | 3,224,654 |
| FIFTH STAR LLC | FMV | 37,999,813 | 37,999,813 |
| GEN. INTELLIGENT | FMV | 236,240,000 | 236,240,000 |
| ASTRA SPACE OP. | FMV | 12,785,503 | 12,785,503 |
| B.NEXT, INC | FMV | 4,917,000 | 4,917,000 |
| VIBE BIO | FMV | 750,036 | 750,036 |
| KRAKEN - ETH | FMV | 21,912,285 | 21,912,285 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 572,685 | 286,342 | 286,342 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| CLOSING COSTS | 13,615 | 13,615 | 13,615 |
| DOMAIN NAMES | 105,439 | 105,439 | 105,439 |
| SECURITY DEPOSITS | 0 | 28,130 | 28,130 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 55,759 | 3,415 | 52,344 | |
| OFFICE EXPENSES | 136,753 | 0 | 136,753 | |
| RESEARCH EXPENSE | 146,265 | 0 | 146,265 | |
| ADVERTISING & PROMOTION | 81,811 | 0 | 81,811 | |
| INFORMATION TECHNOLOGY | 3,699,104 | 0 | 3,699,104 | |
| LICENSES AND PERMITS | 2,223 | 0 | 2,223 | |
| PASSTHROUGH DEDUCTIONS | 292,235 | 11,493,778 | 0 | |
| CONTINUING EDUCATION | 6,744 | 0 | 6,744 | |
| DUES AND SUBSCRIPTION | 9,297 | 0 | 9,297 | |
| AUTOMOBILE EXPENSE | 80 | 0 | 80 | |
| EQUIPMENT RENTAL | 1,732 | 0 | 1,732 | |
| OTHER EXPENSES | 56,624 | 0 | 51,648 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER PASSTHROUGH INCOME | 35,257,634 | ||
| TAX REFUNDS | 9,169,749 | 9,169,749 |
| Description | Amount |
|---|---|
| UNREALIZED GAINS ON INVESTMENTS | 650,939,467 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACTORS | 1,962,365 | 0 | 1,962,365 | |
| PAYROLL PROCESSING FEES | 9,028 | 0 | 9,028 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL UBI TAXES | 7,750,941 | 0 | 0 | |
| STATE UBI TAXES | 1,215,150 | 0 | 0 |