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 10-01-2024 , and ending 09-30-2025
Name of foundation
THE GROVE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1667
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ALTOS, CA940231667
A Employer identification number

77-0108124
B Telephone number (see instructions)

(650) 464-4336
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$73,491,158J 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) 1,386,065
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,608,514 2,517,199  
4 Dividends and interest from securities... 145,187 203,214  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 365,750
b Gross sales price for all assets on line 6a 4,791,974
7 Capital gain net income (from Part IV, line 2)... 479,811
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 74,398  
12 Total. Add lines 1 through 11........ 4,505,516 3,274,622  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 238,223 0   238,223
14 Other employee salaries and wages...... 671,240 0   671,240
15 Pension plans, employee benefits....... 228,075 0   228,075
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
7,090 0   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
47,100 7,065   40,035
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
203,998 186,074   50,890
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
74,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 18,786 0   18,786
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
112,507 0   112,507
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,601,019 193,139   1,359,756
25 Contributions, gifts, grants paid....... 42,446,878 34,315,000
26 Total expenses and disbursements. Add lines 24 and 25 44,047,897 193,139   35,674,756
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -39,542,381
b Net investment income (if negative, enter -0-) 3,081,483
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......... 52,256,944 33,687,713 33,687,713
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 28,343,515 Click to see attachment
List of Attached Documents:
// Content
21,049,804 		21,049,804
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 10,179,212 Click to see attachment
List of Attached Documents:
// Content
6,184,560 		6,184,560
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).......... 3,768,159 Click to see attachment
List of Attached Documents:
// Content
1,847,301 		5,819,192
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
8,399,286 		Click to see attachment
List of Attached Documents:
// Content
6,749,889 		Click to see attachment
List of Attached Documents:
// Content
6,749,889
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 102,947,116 69,519,267 73,491,158
Liabilities 17 Accounts payable and accrued expenses.......... 832 1,104
18 Grants payable................. 2,063,000 8,565,000
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)......... 2,063,832 8,566,104
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........... 100,883,284 60,953,163
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 100,883,284 60,953,163
30 Total liabilities and net assets/fund balances (see instructions). 102,947,116 69,519,267
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
100,883,284
2
Enter amount from Part I, line 27a .....................
2
-39,542,381
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
61,340,903
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
387,740
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
60,953,163
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 CAPITAL GAIN P 2024-09-30 2025-09-30
b PUBLICLY TRADED SECURITIES P    
c BOSTON COMMON INTERNATIONAL SUSTAINABLE CLIMATE FUND LLC P 2024-09-30 2025-09-30
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 129,190     129,190
b 4,662,784   4,863,614 -200,830
c 2,520,776   1,969,325 551,451
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       129,190
b       -200,830
c       551,451
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 479,811
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 42,833
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 42,833
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 42,833
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 42,601
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 27,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 69,601
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 26,768
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow26,768 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
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see attachment
List of Attached Documents:
// Content
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
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 arrowWWW.GROVEFOUNDATION.ORG
14
The books are in care ofright arrowLESLIE DOROSIN Telephone no.right arrow (650) 464-4336

Located atright arrowPO BOX 1667LOS ALTOSCA ZIP+4right arrow940231667
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)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
KAREN GROVE BOARD CHAIR
8.00 		0 0 0
PO BOX 1667
LOS ALTOS,CA94023
LESLIE DOROSIN TREASURER/CFO
15.00 		25,994 5,836 0
PO BOX 1667
LOS ALTOS,CA94023
BLANCH VANCE SECRETARY
20.00 		14,644 3,532 0
PO BOX 1667
LOS ALTOS,CA94023
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
CANDIDE GROUP INVESTMENT CONSULTING 66,937
1721 BROADWAY STE 201
OAKLAND,CA94612
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  
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
34,016,263
b
Average of monthly cash balances.......................
1b
45,961,958
c
Fair market value of all other assets (see instructions)................
1c
5,906,135
d
Total (add lines 1a, b, and c).........................
1d
85,884,356
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
85,884,356
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,288,265
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
84,596,091
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,229,805
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
4,229,805
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
42,833
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
42,833
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,186,972
4
Recoveries of amounts treated as qualifying distributions................
4
237,374
5
Add lines 3 and 4............................
5
4,424,346
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
4,424,346
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
35,674,756
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
35,674,756
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 4,424,346
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...... 17,854,351
b From 2020...... 15,061,374
c From 2021...... 17,697,673
d From 2022...... 14,151,895
e From 2023...... 14,373,584
f Total of lines 3a through e ........ 79,138,877
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 35,674,756
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..... 4,424,346
e Remaining amount distributed out of corpus 31,250,410
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 5 110,389,287
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) ... 		17,854,351
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		92,534,936
10 Analysis of line 9:
a Excess from 2020.... 15,061,374
b Excess from 2021.... 17,697,673
c Excess from 2022.... 14,151,895
d Excess from 2023.... 14,373,584
e Excess from 2024.... 31,250,410
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

ADVOCATES FOR YOUTH

1325 G STREET NW SUITE 980
WASHINGTON,DC20005 		N/A PC GENERAL SUPPORT, WISE 1,900,000

AL OTRO LADO

511 E SAN YSIDRO BOULEVARD SUITE
333
SAN YSIDRO,CA92173 		N/A PC GENERAL SUPPORT 115,000

ALIENTO EDUCATION FUND

4747 N 32ND STREET
PHOENIX,AZ85018 		N/A PC GENERAL SUPPORT 65,000

AMALGAMATED FOUNDATION

1825 K STREET NW
WASHINGTON,DC20006 		N/A PC BOARD DONOR ADVISED FUND, STAFF DISCRETIONARY FUND 402,000

AMERICAN ASSOCIATION OF PEOPLE WITH DISABILITIES

2020 PENNSYLVANIA AVENUE MAILBOX
263
WASHINGTON,DC20006 		N/A PC NATIONAL, ARIZONA, AND NEVADA OPERATIONS OF THE REGISTER, EDUCATE, VOTE, USE YOUR POWER (REV UP) PROGRAM 90,000

AMERICAN CIVIL LIBERTIES UNION OF NEVADA FOUNDATION INC

4362 W CHEYENNE AVENUE
NORTH LAS VEGAS,NV89032 		N/A PC GENERAL SUPPORT 150,000

APIARY FOR PRACTICAL SUPPORT

99 WALL STREET SUITE 1279
NEW YORK,NY10005 		N/A PC GENERAL SUPPORT 250,000

ARIZONA CENTER FOR EMPOWERMENT

5710 NORTH 19TH AVENUE
PHOENIX,AZ85015 		N/A PC WOMEN'S COLLECTIVE 100,000

ARIZONA COALITION FOR CHANGE

1241 E WASHINGTON ST SUITE 103
PHOENIX,AZ85034 		N/A PC GENERAL SUPPORT 240,000

ASYLUM SEEKER ADVOCACY PROJECT INC

228 PARK AVENUE S SUITE 84810
NEW YORK,NY10003 		N/A PC GENERAL SUPPORT 70,000

BISC FOUNDATION

1319 F ST NW STE 301 238
WASHINGTON,DC20004 		N/A PC GENERAL SUPPORT 100,000

BLACK FREEDOM FUND

2440 W EL CAMINO REAL SUITE 300
MOUNTAIN VIEW,CA940401498 		N/A PC GENERAL SUPPORT 300,000

BLACK FUTURES LAB

436 14TH STREET
OAKLAND,CA94612 		N/A PC GENERAL SUPPORT 150,000

BLACK WOMEN FOR WELLNESS

PO BOX 292516
LOS ANGELES,CA900297516 		N/A PC GENERAL SUPPORT 250,000

BOREALIS PHILANTHROPY

126 N 3RD ST STE 402
MINNEAPOLIS,MN554012838 		N/A PC GENERAL SUPPORT 30,000

CABRILLO COLLEGE FOUNDATION

THE SESNON HOUSE 6500 SOQUEL DRIVE
APTOS,CA950033119 		N/A PC GRANT FUNDS WILL SUPPORT THE CABRILLO COLLEGE CAREER TECHNICAL EDUCATION HIGH ACHIEVER SCHOLARSHIP PROGRAM 250,000

CALIFORNIA COLLABORATIVE FOR IMMIGRANT JUSTICE

1999 HARRISON STREET
OAKLAND,CA94612 		N/A PC GENERAL SUPPORT 220,000

CALIFORNIA IMMIGRANT POLICY CENTER

634 S SPRING STREET SUITE 600A
LOS ANGELES,CA900143906 		N/A PC CO-LAB: NATIONAL IMMIGRATION NARRATIVE CONVENING, GENERAL SUPPORT 185,000

CALIFORNIA LATINAS FOR REPRODUCTIVE JUSTICE

PO BOX 861766
LOS ANGELES,CA90086 		N/A PC GENERAL SUPPORT 300,000

CAPACITY SHOP

850 LAUREL STREET
ALAMEDA,CA94501 		N/A PC GENERAL SUPPORT 100,000

CARDEA

614 GRAND AVENUE SUITE 400
OAKLAND,CA946103562 		N/A PC GENERAL SUPPORT 750,000

CASA

8151 15TH AVENUE
HYATTSVILLE,MD20783 		N/A PC GENERAL SUPPORT 330,000

CATCHAFIRE FOUNDATION

885 MISSION STREET SUITE D2
SAN FRANCISCO,CA94103 		N/A PC GROVE CATCHAFIRE COHORT 2025-2027 270,000

CENTER FOR CIVIC POLICY

PO BOX 27616
ALBUQUERQUE,NM871257616 		N/A PC GENERAL SUPPORT 350,000

CENTER FOR CIVIC POLICY (NEW MEXICO DREAM TEAM)

PO BOX 27616
ALBUQUERQUE,NM871257616 		N/A PC NEW MEXICO DREAM TEAM 200,000

CENTRAL VALLEY IMMIGRANT INTEGRATION COLLABORATIVE

5014 E UNIVERSITY AVENUE SUITE 101
FRESNO,CA93727 		N/A PC GENERAL SUPPORT 125,000

CHICAGO VOLUNTEER DOULAS

PO BOX 5851
CHICAGO,IL60680 		N/A PC GENERAL SUPPORT 75,000

CHINESE FOR AFFIRMATIVE ACTION (HMONG INNOVATING POLITICS)

17 WALTER U LUM PLACE
SAN FRANCISCO,CA941081801 		N/A PC HMONG INNOVATING POLITICS 200,000

CLIMATE RESILIENT COMMUNITIES

3921 EAST BAYSHORE ROAD
PALO ALTO,CA94303 		N/A PC ORGANIZATIONAL EFFECTIVENESS, GENERAL SUPPORT 315,000

COALITION FOR HUMANE IMMIGRANT RIGHTS

2533 W 3RD STREET SUITE 101
LOS ANGELES,CA90057 		N/A PC GENERAL SUPPORT 180,000

COASTSIDE HOPE

248 MAIN STREET SUITE 200
HALF MOON BAY,CA94019 		N/A PC GENERAL SUPPORT 900,000

COMMON DEFENSE EDUCATION FUND

251 W 30TH STREET
NEW YORK,NY10001 		N/A PC GENERAL SUPPORT 10,000

COMMUNITY LEGAL SERVICES IN EAST PALO ALTO INC

1861 BAY ROAD
EAST PALO ALTO,CA94303 		N/A PC GENERAL SUPPORT 120,000

COMMUNITY SPONSORSHIP HUB

PMB 453 1360 UNIVERSITY AVENUE W
SUITE 104
SAINT PAUL,MN55104 		N/A PC GENERAL SUPPORT 100,000

COMUNIDADES INDIGENAS EN LIDERAZGO CORP

4318 S MAIN STREET
LOS ANGELES,CA90037 		N/A PC GENERAL SUPPORT 60,000

CORAZON

1918 W VAN BUREN STREET
PHOENIX,AZ85009 		N/A PC GENERAL SUPPORT 100,000

DC ABORTION FUND

PO BOX 65061
WASHINGTON,DC20035 		N/A PC GENERAL SUPPORT 50,000

DISABILITY LAW UNITED

1245 E COLFAX AVENUE SUITE 400
DENVER,CO80218 		N/A PC GENERAL SUPPORT 425,000

EYES OPEN IOWA

4000 WESTOWN PARKWAY SUITE 204
WEST DES MOINES,IA50266 		N/A PC GENERAL SUPPORT 750,000

FAITH IN ACTION BAY AREA

820 CASSIA STREET
REDWOOD CITY,CA94063 		N/A PC LOW-INCOME FAMILIES FROM SAN MATEO COUNTY AFFECTED BY IMMIGRATION DETENTION OR DEPORTATION, GENERAL SUPPORT 575,000

FAITH ORGANIZING ALLIANCE

1024A W OWENS AVENUE
LAS VEGAS,NV89106 		N/A PC GENERAL SUPPORT 137,500

FUERTE ART COLLECTIVE

110 NORTH 9TH AVENUE SUITE 912
PHOENIX,AZ85007 		N/A PC GENERAL SUPPORT 100,000

GEORGIA CAMPAIGN FOR ADOLESCENT POWER AND POTENTIAL

1849 THE EXCHANGE SE SUITE 200
ATLANTA,GA30339 		N/A PC GENERAL SUPPORT 725,000

GEORGIA COALITION FOR THE PEOPLES AGENDA

501 PULLIAM STREET SUITE 410
ATLANTA,GA30312 		N/A PC GENERAL SUPPORT 100,000

GRANTMAKERS CONCERNED WITH IMMIGRANTS AND REFUGEES

PO BOX 2178
PETALUMA,CA949532178 		N/A PC GENERAL SUPPORT 300,000

GREATER BIRMINGHAM MINISTRIES

2304 12TH AVENUE NORTH
BIRMINGHAM,AL35234 		N/A PC GENERAL SUPPORT 225,000

GROUNDSWELL FUND

436 14TH STREET STE 723
OAKLAND,CA946122709 		N/A PC GENERAL SUPPORT 500,000

HAITIAN BRIDGE ALLIANCE

4625 FAIRMONT AVENUE SUITE 280
SAN DIEGO,CA92105 		N/A PC GENERAL SUPPORT 120,000

HOPEWELL FUND (DIGITAL DEFENSE FUND)

1201 CONNECTICUT AVE NW STE 300
WASHINGTON,DC200362656 		N/A PC DIGITAL DEFENSE FUND 25,000

HOUSING LEADERSHIP COUNCIL OF SAN MATEO COUNTY

2905 S EL CAMINO REAL
SAN MATEO,CA944032730 		N/A PC GENERAL SUPPORT 300,000

HUMAN INVESTMENT PROJECT INC

364 SOUTH RAILROAD AVENUE
SAN MATEO,CA944014024 		N/A PC CAPITAL CAMPAIGN, GENERAL SUPPORT 300,000

HUMAN RIGHTS FIRST

121 W 36TH STREET PMB 520
NEW YORK,NY10018 		N/A PC REFUGEE PROTECTION 465,000

HUMAN RIGHTS FIRST (WELCOME WITH DIGNITY)

121 W 36TH STREET PMB 520
NEW YORK,NY10018 		N/A PC WELCOME WITH DIGNITY CAMPAIGN 500,000

IMMIGRANT LEGAL RESOURCE CENTER

1458 HOWARD STREET
SAN FRANCISCO,CA941032473 		N/A PC GENERAL SUPPORT, NEW AMERICANS CAMPAIGN, UNITED COALITION FOR IMMIGRANT SERVICES 1,035,000

IMMIGRATION INSTITUTE OF THE BAY AREA

2600 MIDDLEFIELD ROAD
REDWOOD CITY,CA94063 		N/A PC GENERAL SUPPORT 150,000

IMPACT FUND

2080 ADDISON STREET SUITE 5
BERKELEY,CA947041692 		N/A PC IMMIGRATION LITIGATION 75,000

INSTITUTE FOR A PROGRESSIVE NEVADA

2657 WINDMILL PARKWAY SUITE 619
HENDERSON,NV890743384 		N/A PC GENERAL SUPPORT, CIVIC ENGAGEMENT TABLE'S STRATEGIC PLANNING EFFORTS 175,000

INSTITUTO LAB

221 E INDIANOLA AVENUE
PHOENIX,AZ85012 		N/A PC GENERAL SUPPORT 100,000

INTERNATIONAL REFUGEE ASSISTANCE PROJECT

ONE BATTERY PARK PLAZA 4TH FLOOR
NEW YORK,NY10004 		N/A PC GENERAL SUPPORT 85,000

INTERNATIONAL RESCUE COMMITTEE - NORTHERN CALIFORNIA

440 GRAND AVENUE SUITE 500
OAKLAND,CA94610 		N/A PC NORTHERN CALIFORNIA OPERATIONS 925,000

INTERNATIONAL RESCUE COMMITTEE INC

122 EAST 42ND STREET
NEW YORK,NY101680002 		N/A PC PATHWAYS TO CITIZENSHIP AND STATUS, GENERAL SUPPORT 400,000

INTER-TRIBAL COUNCIL OF ARIZONA INC

2214 N CENTRAL AVENUE 100
PHOENIX,AZ85004 		N/A PC NATIVE VOTE FELLOW AT THE INDIAN LEGAL CLINIC, ARIZONA STATE UNIVERSITY 75,000

JUSTICE ACTION CENTER

PO BOX 27280
LOS ANGELES,CA90077 		N/A PC GENERAL SUPPORT 75,000

JUSTICE IN MOTION

PO BOX 160128
BROOKLYN,NY11216 		N/A PC GENERAL SUPPORT 350,000

LAWYERS COMMITTEE FOR CIVIL RIGHTS OF THE SAN FRANCISCO BAY AREA

11 STEUART STREET SUITE 405
SAN FRANCISCO,CA94105 		N/A PC IMMIGRATION LITIGATION AND LEGAL SERVICES 75,000

LEADING FOR CHANGE INC

55 E VERNON AVENUE
PHOENIX,AZ85004 		N/A PC GENERAL SUPPORT AND LEADERS FELLOWS 105,000

LEGACY GLOBAL PROGRAMS (GRATITUDE IMPACT FOUNDATION)

4435 E HOLMES AVE SUITE 200
MESA,AZ85206 		N/A PC GRATITUDE IMPACT FOUNDATION 15,000

LEGAL AID SOCIETY OF SAN MATEO CO

330 TWIN DOLPHIN DRIVE SUITE 123
REDWOOD CITY,CA94065 		N/A PC LIBRE PROJECT 170,000

MAKE THE ROAD NEVADA

4250 E BONANZA ROAD SUITE 14
LAS VEGAS,NV89110 		N/A PC NEVADA ENVIRONMENTAL JUSTICE COALITION 35,000

MI FAMILIA VOTA EDUCATION FUND

3030 N CENTRAL AVENUE NINTH FLOOR
SUITE 900
PHOENIX,AZ85012 		N/A PC FOR THE ARIZONA OPERATIONS 50,000

MIDWEST ACCESS COALITION

PO BOX 408363
CHICAGO,IL60640 		N/A PC FUND LATER CARE 500,000

MOVEMENT STRATEGY CENTER

1625 CLAY ST FLOOR 6
OAKLAND,CA94612 		N/A PC BELOVEDBIRTH COLLECTIVE 500,000

NAEVA

PO BOX 35698
ALBUQUERQUE,NM871765698 		N/A PC GENERAL SUPPORT 180,000

NATIONAL CENTER FOR YOUTH LAW

1212 BROADWAY SUITE 600
OAKLAND,CA94612 		N/A PC GENERAL SUPPORT 60,000

NATIONAL IMMIGRATION LAW CENTER

3435 WILSHIRE BOULEVARD SUITE 2850
LOS ANGELES,CA900101938 		N/A PC GENERAL SUPPORT 1,000,000

NATIONAL IMMIGRATION PROJECT

2201 WISCONSIN AVE NW SUITE 200
WASHINGTON,DC20007 		N/A PC GENERAL SUPPORT 70,000

NATIONAL NETWORK OF ABORTION FUNDS (REPROCARE)

42 SEAVERNS AVE
BOSTON,MA021302884 		N/A PC REPROCARE 100,000

NATIONAL PARTNERSHIP FOR NEW AMERICANS

1818 S PAULINA ST
CHICAGO,IL606082719 		N/A PC READY TO STAY LEGAL SERVICES COLLABORATIVE 75,000

NATIONAL URBAN INDIAN FAMILY COALITION

4000 AURORA AVENUE N SUITE 102
SEATTLE,WA98103 		N/A PC CIVIC ENGAGEMENT EFFORTS IN ARIZONA, NEVADA, AND NEW MEXICO 300,000

NEO PHILANTHROPY (SILVER STATE VOICES)

1001 AVENUE OF THE AMERICAS 12TH
FLOOR
NEW YORK,NY10018 		N/A PC SILVER STATE VOICES 300,000

NEO PHILANTHROPY INC

1001 AVENUE OF THE AMERICAS 12TH
FLOOR
NEW YORK,NY10018 		N/A PC FOR SILVER STATE VOICES IN SUPPORT OF THE LAS VEGAS CHAPTER OF THE NAACP, FOUR FREEDOMS FUND, BLACK MIGRANT POWER FUND, FOUR FREEDOMS FUND, GENERAL SUPPORT 775,000

NEO PHILANTHROPY INC (PATIENT FORWARD)

1001 AVENUE OF THE AMERICAS 12TH
FLOOR
NEW YORK,NY10018 		N/A PC PATIENT FORWARD 150,000

NEO PHILANTHROPY INC (STATES AT THE CENTER)

1001 AVENUE OF THE AMERICAS 12TH
FLOOR
NEW YORK,NY10018 		N/A PC STATES AT THE CENTER 75,000

NUESTRA CASA DE EAST PALO ALTO

2396 UNIVERSITY AVENUE
EAST PALO ALTO,CA94303 		N/A PC GENERAL SUPPORT 187,500

OLE EDUCATION FUND

411 BELLAMAH NW
ALBUQUERQUE,NM87102 		N/A PC GENERAL SUPPORT 175,000

ONE ARIZONA

345 E PALM LANE
PHOENIX,AZ85004 		N/A PC MASS LIBERATION ARIZONA EDUCATION FUND, GENERAL SUPPORT, ARIZONA DEMOCRACY RESOURCE CENTER 525,000

ONE EAST PALO ALTO

903 WEEKS STREET
EAST PALO ALTO,CA94303 		N/A PC GENERAL SUPPORT 460,000

ONEJUSTICE

433 CALIFORNIA STREET SUITE 815
SAN FRANCISCO,CA941042012 		N/A PC GENERAL SUPPORT 100,000

PANGEA LEGAL SERVICES

391 SUTTER ST SUITE 500
SAN FRANCISCO,CA94104 		N/A PC GENERAL SUPPORT 63,000

PEAK GRANTMAKING

1701 PENNSYLVANIA AVE NW SUITE 200
WASHINGTON,DC20006 		N/A PC GENERAL SUPPORT 30,000

PENINSULA CONFLICT RESOLUTION CENTER

1670 S AMPHLETT BOULEVARD SUITE 115
SAN MATEO,CA94402 		N/A PC GENERAL SUPPORT, POWER BUILDING CONVENING SMC 310,000

PREGNANCY JUSTICE

575 8TH AVE SUITE 700
NEW YORK,NY10018 		N/A PC GENERAL SUPPORT 75,000

PROGEORGIA

151 ELLIS STREET NE
ATLANTA,GA30303 		N/A PC GENERAL SUPPORT 375,000

PROGRESSNOW AZ INSTITUTE

345 E PALM LN
PHOENIX,AZ85004 		N/A PC GENERAL SUPPORT 100,000

PROGRESSNOW NEW MEXICO EDUCATION FUND

625 SILVER AVENUE SUITE 320
ALBUQUERQUE,NM87102 		N/A PC GENERAL SUPPORT 150,000

PUBLIC INTEREST PHILANTHROPY

40 WEST 37TH ST SUITE 1000
NEW YORK,NY100187311 		N/A PC GENERAL SUPPORT 25,000

PUENTE DE LA COSTA SUR

PO BOX 554
PESCADERO,CA940600554 		N/A PC GENERAL SUPPORT, CAPITAL CAMPAIGN 1,000,000

RAVENSWOOD FAMILY HEALTH CENTER

1885 BAY ROAD
EAST PALO ALTO,CA943031611 		N/A PC GENERAL SUPPORT 375,000

REDWOOD CITY ELEMENTARY

750 BRADFORD STREET
REDWOOD CITY,CA940631727 		N/A GOV REDWOOD CITY COMMUNITY SCHOOLS 150,000

RESIST INC (BIRTH CENTER EQUITY)

PO BOX 301240
BOSTON,MA02130 		N/A PC BIRTH CENTER EQUITY 750,000

RESTORATIVE JUSTICE FOR OAKLAND YOUTH

1733 BROADWAY
OAKLAND,CA94612 		N/A PC GENERAL SUPPORT 500,000

ROCKEFELLER PHILANTHROPY ADVISORS

120 BROADWAY STE 3475
NEW YORK,NY102713401 		N/A PC ABUNDANT FUTURES FUND, EMERGENCY RESPONSE LITIGATION INITIATIVE 300,000

RUTGERS UNIVERSITY

57 US HIGHWAY 1
NEW BRUNSWICK,NJ089018554 		N/A PC ANSWER, RUTGERS UNIVERSITY 300,000

SAN FRANCISCO FOUNDATION

ONE EMBARCADERO CENTER SUITE 1400
SAN FRANCISCO,CA94111 		N/A PC DEFEND CALIFORNIA POOLED FUND 100,000

SECOND HARVEST OF SILICON VALLEY

750 CURTNER AVE
SAN JOSE,CA951252113 		N/A PC GENERAL SUPPORT 750,000

SOCIAL GOOD FUND

12651 SAN PABLO AVENUE
RICHMOND,CA948054099 		N/A PC IMMIGRANT DEFENSE ADVOCATES, UNITED STATELESS 165,000

SOMOS UN PUEBLO UNIDO

1804 ESPINACITAS STREET
SANTA FE,NM87505 		N/A PC GENERAL SUPPORT 170,000

STATE VOICES

1616 P STREET NW SUITE 220
WASHINGTON,DC20036 		N/A PC GENERAL SUPPORT 80,000

TAHIRIH JUSTICE CENTER

6400 ARLINGTON BOULEVARD SUITE 300
FALLS CHURCH,VA220422333 		N/A PC GENERAL SUPPORT 200,000

TEEN HEALTH MISSISSIPPI

125 SOUTH CONGRESS STREET SUITE
1510
JACKSON,MS392013301 		N/A PC GENERAL SUPPORT 80,000

TEWA WOMEN UNITED

PO BOX 397
SANTA CRUZ,NM875670397 		N/A PC GENERAL SUPPORT 125,000

THE FOUNDATION FOR CITY COLLEGE

160 CONVENT AVENUE SHEPARD 154
NEW YORK,NY10031 		N/A PC ACRIVOS FELLOWSHIP, A.X. SCHMIDT SCHOLARSHIPS 600,000

THE SEMILLA PROJECT

3700 LA HACIENDA DRIVE NE
ALBUQUERQUE,NM87110 		N/A PC GENERAL SUPPORT 175,000

THE UCLA FOUNDATION

10920 WILSHIRE BOULEVARD SUITE 900
LOS ANGELES,CA90024 		N/A PC THE CENTER FOR IMMIGRATION LAW AND POLICY AT THE UCLA SCHOOL OF LAW 100,000

THRIVE ALLIANCE

REDWOOD SHORES 330 TWIN DOLPHIN
DRIVE SUITE 155
REDWOOD CITY,CA94065 		N/A PC GENERAL SUPPORT 250,000

TIDES CENTER

PO BOX 889385
LOS ANGELES,CA900889385 		N/A PC LISTEN4GOOD GROVE COHORT, CALIFORNIA COALITION FOR REPRODUCTIVE FREEDOM, STRONG FAMILIES NM 650,000

TIDES FOUNDATION

1012 TORNEY AVENUE
SAN FRANCISCO,CA941291755 		N/A PC MAKE IT WORK EDUCATION FUND, GENERAL SUPPORT, ADVANCE NATIVE POLITICAL LEADERSHIP EDUCATION FUND, FOR THE ARIZONA OPERATIONS OF PODER LATINX COLLECTIVE FUND 410,000

TRAILHEAD INSTITUTE

999 BROADWAY SUITE 600
DENVER,CO80202 		N/A PC YOUTH SEXUAL HEALTH PROGRAM 175,000

TRANS QUEER PUEBLO

1726 E ROOSEVELT STREET
PHOENIX,AZ85006 		N/A PC GENERAL SUPPORT 100,000

UC HASTINGS FOUNDATION

200 MCALLISTER STREET
SAN FRANCISCO,CA941024978 		N/A PC UC COLLEGE OF THE LAW, SAN FRANCISCOS CENTER FOR GENDER AND REFUGEE STUDIES 165,000

UFW FOUNDATION

PO BOX 23400
LOS ANGELES,CA90023 		N/A PC GENERAL SUPPORT 50,000

UNITED WE DREAM NETWORK INC

1900 L ST NW STE 900
WASHINGTON,DC200365005 		N/A PC GENERAL SUPPORT 100,000

UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION (UC BERKELEY)

MCLAUGHLIN HALL 1722
BERKELEY,CA947201722 		N/A PC TO SUPPORT THE BERKELEY ENGINEERING FUND 120,000

WILD WEST ACCESS FUND OF NEVADA

561 KEYSTONE AVENUE SUITE 398
RENO,NV89503 		N/A PC GENERAL SUPPORT 125,000

WOMEN ENGAGED

352 UNIVERSITY AVENUE SW SUITE
N-120
ATLANTA,GA30310 		N/A PC GENERAL SUPPORT 150,000

WORKER POWER INSTITUTE

1021 S 7TH AVENUE
PHOENIX,AZ85007 		N/A PC GENERAL SUPPORT 70,000

WORKMONEY FOUNDATION INC

790 N MILWAUKEE STREET SUITE 300
MILWAUKEE,WI53202 		N/A PC GENERAL SUPPORT 150,000

YOUTH LEADERSHIP INSTITUTE

155 9TH STREET
SAN FRANCISCO,CA941032620 		N/A PC GENERAL SUPPORT 375,000
Total .................................right arrow 3a 34,315,000
bApproved for future payment

BLACK FUTURES LAB
436 14TH STREET
OAKLAND,CA94612 		N/A PC BLACK FUTURE'S LAB 70,000

ONE ARIZONA
345 E PALM LANE
PHOENIX,AZ85004 		N/A PC MASS LIBERATION ARIZONA EDUCATION FUND, GENERAL SUPPORT 1,075,000

GREATER BIRMINGHAM MINISTRIES
2304 12TH AVENUE NORTH
BIRMINGHAM,AL35234 		N/A PC GENERAL SUPPORT 200,000

GEORGIA COALITION FOR THE PEOPLES AGENDA
501 PULLIAM STREET SUITE 410
ATLANTA,GA30312 		N/A PC GENERAL SUPPORT 325,000

WOMEN ENGAGED
352 UNIVERSITY AVENUE SW SUITE
N-120
ATLANTA,GA30310 		N/A PC GENERAL SUPPORT 150,000

MAKE IT WORK EDUCATION FUND
801 S LAS VEGAS BLVD
LAS VEGAS,NV89101 		N/A PC MAKE IT WORK EDUCATION FUND 75,000

ALIENTO EDUCATION FUND
4747 N 32ND STREET
PHOENIX,AZ85018 		N/A PC GENERAL SUPPORT 75,000

CAPACITY SHOP
850 LAUREL STREET
ALAMEDA,CA94501 		N/A PC GENERAL SUPPORT 400,000

CENTER FOR CIVIC POLICY
PO BOX 27616
ALBUQUERQUE,NM871257616 		N/A PC GENERAL SUPPORT 400,000

FAITH ORGANIZING ALLIANCE
1024A W OWENS AVENUE
LAS VEGAS,NV89106 		N/A PC GENERAL SUPPORT 137,500

INSTITUTE FOR A PROGRESSIVE NEVADA
2657 WINDMILL PARKWAY SUITE 619
HENDERSON,NV890743384 		N/A PC GENERAL SUPPORT 150,000

INSTITUTO LAB
221 E INDIANOLA AVENUE
PHOENIX,AZ85012 		N/A PC GENERAL SUPPORT 150,000

MAKE THE ROAD NEVADA
4250 E BONANZA ROAD SUITE 14
LAS VEGAS,NV89110 		N/A PC NEVADA ENVIRONMENTAL JUSTICE COALITION 65,000

STATE VOICES
1616 P STREET NW SUITE 220
WASHINGTON,DC20036 		N/A PC GENERAL SUPPORT 90,000

WORKER POWER INSTITUTE
1021 S 7TH AVENUE
PHOENIX,AZ85007 		N/A PC GENERAL SUPPORT 70,000

NATIONAL URBAN INDIAN FAMILY COALITION
4000 AURORA AVENUE N SUITE 102
SEATTLE,WA98103 		N/A PC CIVIC ENGAGEMENT EFFORTS IN ARIZONA, NEVADA, AND NEW MEXICO 400,000

FUERTE ART COLLECTIVE
110 NORTH 9TH AVENUE SUITE 912
PHOENIX,AZ85007 		N/A PC GENERAL SUPPORT 75,000

PROGRESSNOW AZ INSTITUTE
345 E PALM LN
PHOENIX,AZ85004 		N/A PC GENERAL SUPPORT 115,000

ARIZONA COALITION FOR CHANGE
1241 E WASHINGTON ST SUITE 103
PHOENIX,AZ85034 		N/A PC GENERAL SUPPORT 210,000

CORAZON
1918 W VAN BUREN STREET
PHOENIX,AZ85009 		N/A PC GENERAL SUPPORT 125,000

TIDES FOUNDATION (PODER LATINX COLLECTIVE FUND)
1012 TORNEY AVENUE
SAN FRANCISCO,CA941291755 		N/A PC ARIZONA OPERATIONS 120,000

AL OTRO LADO
511 E SAN YSIDRO BOULEVARD SUITE
333
SAN YSIDRO,CA92173 		N/A PC GENERAL SUPPORT 200,000

CENTRAL VALLEY IMMIGRANT INTEGRATION COLLABORATIVE
5014 E UNIVERSITY AVENUE SUITE 101
FRESNO,CA93727 		N/A PC GENERAL SUPPORT 250,000

HAITIAN BRIDGE ALLIANCE
4625 FAIRMONT AVENUE SUITE 280
SAN DIEGO,CA92105 		N/A PC GENERAL SUPPORT 240,000

IMMIGRATION LEGAL RESOURCE CENTER
1458 HOWARD STREET
SAN FRANCISCO,CA941032473 		N/A PC NEW AMERICANS CAMPAIGN, GENERAL SUPPORT 1,345,000

IMMIGRATION INSTITUTE OF THE BAY AREA
2600 MIDDLEFIELD ROAD
REDWOOD CITY,CA94063 		N/A PC GENERAL SUPPORT 300,000

NEO PHILANTHROPY INC
1001 AVENUE OF THE AMERICAS 12TH
FLOOR
NEW YORK,NY10018 		N/A PC BLACK MIGRANT FUND, FOUR FREEDOMS FUND 515,000

SOCIAL GOOD FUND
12651 SAN PABLO AVENUE
RICHMOND,CA948054099 		N/A PC UNITED STATELESS 200,000

TAHIRIH JUSTICE CENTER
6400 ARLINGTON BOULEVARD SUITE 300
FALLS CHURCH,VA220422333 		N/A PC GENERAL SUPPORT 200,000

UC HASTINGS FOUNDATION
200 MCALLISTER STREET
SAN FRANCISCO,CA941024978 		N/A PC UC COLLEGE OF THE LAW, SAN FRANCISCOS CENTER FOR GENDER AND REFUGEE STUDIES 330,000

UNITED WE DREAM NETWORK INC
1900 L ST NW STE 900
WASHINGTON,DC200365005 		N/A PC GENERAL SUPPORT 200,000

NUESTRA CASA DE EAST PALO ALTO
2396 UNIVERSITY AVENUE
EAST PALO ALTO,CA94303 		N/A PC GENERAL SUPPORT 187,500
Total ................................. right arrow 3b 8,445,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 2,608,514  
4 Dividends and interest from securities ....     14 145,187  
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 ............ 		    18 365,750  
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 3,119,451 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,119,451
(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
Yes
 
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
1c 170,959 GROVE ACTION FUND GROVE ACTION FUND PROVIDES THE FOUNDATION ACCESS TO THE FUND'S OFFICE SPACE AND OFFICE EQUIPMENT AT NO COST TO THE FOUNDATION.
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
GROVE ACTION FUND 501(C)(4) COMMON DIRECTORS
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


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


Software ID:  
Software Version:  


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

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
THE GROVE FOUNDATION
 
Employer identification number

77-0108124
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


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

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
THE GROVE FOUNDATION
  		Employer identification number
77-0108124
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
ANDREW A GROVE AND EVA KASTEN GROVE
PO BOX 1667
 
LOS ALTOS, CA94023

$ 1,386,065


(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
THE GROVE FOUNDATION
  		Employer identification number

77-0108124
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
 INTEREST IN LBA REALTY FUNDS, RECOMPOSE, AND KPCB PANDEMIC $ 981,674 2025-06-30
(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
THE GROVE FOUNDATION
  		Employer identification number

77-0108124
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
THE GROVE FOUNDATION
EIN:
77-0108124
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 47,100 7,065   40,035

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

TY 2024 ExpenditureResponsibilityStmt
Name:
THE GROVE FOUNDATION
EIN:
77-0108124
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
ECOTRUST FOREST LLC
  		721 NW NINTH AVENUE SUITE 230
PORTLAND,OR97209 		2019-10-29 1,500,000 LOAN MADE AT BELOW-MARKET INTEREST RATE TO SUPPORT CONSERVATION-BASED FOREST MANAGEMENT STRATEGIES WITH A KEY AIM BEING TO MITIGATE CLIMATE CHANGE. 1,500,000 NONE 04/30/20, 05/10/21, 5/2/22, 4/18/23, 8/15/23, 2/20/24, 6/7/24, 7/22/24, 8/15    
MISSION DRIVEN FINANCE LLC
  		2245 SAN DIEGO AVENUE 121
SAN DIEGO,CA92110 		2020-07-31 150,000 LOAN MADE AT BELOW-MARKET INTEREST RATE TO PROVIDE RAPID AND CRITICAL FINANCING TO POST BONDS TO FREE IMMIGRANTS WHO ARE IN IMMIGRATION DETENTION. 150,000 NONE 02/12/21, 3/2/22, 5/31/22, 8/30/22, 3/21/23, 9/11/23, 11/30/23, 12/21/23, 11    
CALIFORNIA REBUILDING FUND - G-SPV
  		1901 S BASCOM AVE SUITE 105
CAMPBELL,CA95008 		2020-12-15 500,000 THE CALIFORNIA REBUILDING FUND IS A PUBLIC-PRIVATE PARTNERSHIP THAT ADDRESSES CALIFORNIA'S SMALL BUSINESSES' CAPITAL AND ADVISORY NEEDS AS THEY NAVIGATE POST-COVID RECOVERY. THIS PROGRAM WAS BUILT TO SERVE THE SMALLEST OF SMALL BUSINESSES THAT MAKE UP AN ESSENTIAL PART OF THE CALIFORNIA ECONOMY AND HAS AND WILL CONTINUE TO FOCUS ON HISTORICALLY UNDER-RESOURCED COMMUNITIES AND LEVERAGES THE CAPABILITIES AND EXPERIENCE OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS ACROSS THE STATE. 500,000 NONE 07/16/21, 9/30/22, 9/30/23, 11/22/23, 12/5/23, 6/10/24, 8/30/24, 9/25/24, 11    
CALIFORNIA REBUILDING FUND - B-SPV
  		1901 S BASCOM AVE SUITE 105
CAMPBELL,CA95008 		2022-09-02 417,560 THE CALIFORNIA REBUILDING FUND IS A PUBLIC-PRIVATE PARTNERSHIP THAT ADDRESSES CALIFORNIA'S SMALL BUSINESSES' CAPITAL AND ADVISORY NEEDS AS THEY NAVIGATE POST-COVID RECOVERY. THIS PROGRAM WAS BUILT TO SERVE THE SMALLEST OF SMALL BUSINESSES THAT MAKE UP AN ESSENTIAL PART OF THE CALIFORNIA ECONOMY AND HAS AND WILL CONTINUE TO FOCUS ON HISTORICALLY UNDER-RESOURCED COMMUNITIES AND LEVERAGES THE CAPABILITIES AND EXPERIENCE OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS ACROSS THE STATE. 417,560 NONE 9/30/23, 11/22/23, 12/5/23, 6/10/24, 8/30/24, 11/20/24, 12/26/24, 01/27/25,    
CALIFORNIA REBUILDING FUND - B-SPV
  		1901 S BASCOM AVE SUITE 105
CAMPBELL,CA95008 		2022-09-13 274,298 THE CALIFORNIA REBUILDING FUND IS A PUBLIC-PRIVATE PARTNERSHIP THAT ADDRESSES CALIFORNIA'S SMALL BUSINESSES' CAPITAL AND ADVISORY NEEDS AS THEY NAVIGATE POST-COVID RECOVERY. THIS PROGRAM WAS BUILT TO SERVE THE SMALLEST OF SMALL BUSINESSES THAT MAKE UP AN ESSENTIAL PART OF THE CALIFORNIA ECONOMY AND HAS AND WILL CONTINUE TO FOCUS ON HISTORICALLY UNDER-RESOURCED COMMUNITIES AND LEVERAGES THE CAPABILITIES AND EXPERIENCE OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS ACROSS THE STATE. 274,298 NONE 9/14/23, 11/22/23, 12/5/23, 6/10/24, 8/30/24, 11/20/24, 12/26/24, 01/27/25,    
SOUTHERN OPPORTUNITY AND RESILIENCE (SOAR) FUND CLASS B
  		28 LIBERTY ST
NEW YORK,NY10005 		2021-05-24 78,462 THE SOUTHERN OPPORTUNITY AND RESILIENCE (SOAR) FUND WAS CREATED BY COMMUNITY LENDERS IN THE SOUTHERN AND SOUTHEASTERN UNITED STATES TO PROVIDE ECONOMIC RECOVERY LOANS AND FREE BUSINESS ASSISTANCE TO SMALL BUSINESSES AND NONPROFITS FACING UNPRECEDENTED HEALTH AND ECONOMIC CHALLENGES. THE LOANS ARE DESIGNED TO REACH BUSINESSES AND NONPROFITS WITH 50 OR FEWER FULL-TIME EQUIVALENT EMPLOYEES AND HISTORICALLY UNDERSERVED BUSINESSES, INCLUDING THOSE IN LOW-INCOME AND RURAL COMMUNITIES AND BUSINESSES OWNED BY WOMEN AND PEOPLE OF COLOR. THROUGH THIS RECOVERY, THESE ORGANIZATIONS ARE CRITICAL TO PROVIDING JOBS AND RESOURCES TO COMMUNITIES ACROSS THE REGION. 78,462 NONE 09/30/21, 1/11/22,6/30/23, 9/12/23, 12/14/23, 3/15/24, 4/29/24, 6/17/24, 9/1    
SOUTHERN OPPORTUNITY AND RESILIENCE (SOAR) FUND CLASS B
  		28 LIBERTY ST
NEW YORK,NY10005 		2021-10-07 421,538 THE SOUTHERN OPPORTUNITY AND RESILIENCE (SOAR) FUND WAS CREATED BY COMMUNITY LENDERS IN THE SOUTHERN AND SOUTHEASTERN UNITED STATES TO PROVIDE ECONOMIC RECOVERY LOANS AND FREE BUSINESS ASSISTANCE TO SMALL BUSINESSES AND NONPROFITS FACING UNPRECEDENTED HEALTH AND ECONOMIC CHALLENGES. THE LOANS ARE DESIGNED TO REACH BUSINESSES AND NONPROFITS WITH 50 OR FEWER FULL-TIME EQUIVALENT EMPLOYEES AND HISTORICALLY UNDERSERVED BUSINESSES, INCLUDING THOSE IN LOW-INCOME AND RURAL COMMUNITIES AND BUSINESSES OWNED BY WOMEN AND PEOPLE OF COLOR. THROUGH THIS RECOVERY, THESE ORGANIZATIONS ARE CRITICAL TO PROVIDING JOBS AND RESOURCES TO COMMUNITIES ACROSS THE REGION. 421,538 NONE 1/11/22, 6/30/23, 9/12/23, 12/14/23, 4/29/24, 06/10/24, 8/30/24, 12/23/24, 2    
NAVAJO POWER
  		2700 WOODLANDS VILLAGE BLVD SUITE
300-380
FLAGSTAFF,AZ86001 		2021-09-30 750,000 FOUNDED IN 2018 AS A MAJORITY NATIVE-OWNED PUBLIC BENEFIT CORPORATION, NAVAJO POWER DEVELOPS UTILITY-SCALE CLEAN ENERGY PROJECTS. ITS PRIMARY FOCUS IN PROJECT DEVELOPMENT IS PRIORITIZING THE NEEDS OF THE TRIBAL COMMUNITIES WHERE IT WORKS, INCLUDING TAKING INTO ACCOUNT TRADITIONAL PRACTICES AND USES OF THE LAND WHEN SITING AND DESIGNING PROJECTS. NAVAJO POWER WORKS PROACTIVELY TO CREATE OPPORTUNITIES FOR TRIBAL MEMBERS TO PARTICIPATE IN THE PROJECT'S FINANCING, DEVELOPMENT, AND OPERATION, BENEFITING DIRECTLY FROM THE JOBS, REVENUE, AND ELECTRICITY THE PROJECTS CREATE. 750,000 NONE 08/13/21, 11/21/21, 3/8/22, 4/11/22, 5/20/22, 3/7/23, 12/13/23, 6/28/24, 9/3    
IRC'S CENTER FOR ECONOMIC OPPORTUNITY
  		PO BOX 152188
SAN DIEGO,CA92195 		2021-11-15 500,000 FORMED BY A PARTNERSHIP BETWEEN THE INTERNATIONAL RESCUE COMMITTEES CENTER FOR ECONOMIC OPPORTUNITY (IRC-CEO) AND THE REFUGEE INVESTMENT NETWORK (RIN), THE SOCIAL IMPACT FUND PROVIDES FINANCIAL ACCESS AND INCLUSION TO HUNDREDS OF IMMIGRANTS AND REFUGEES ACROSS THE UNITED STATES TO HELP NEW AMERICANS ESTABLISH A FINANCIAL FOOTHOLD. FUNDS WILL HELP BORROWERS SOURCE CREDIT-BUILDING, AUTO, EDUCATION, AND ACCESS ENTREPRENEURIAL CAPITAL TO START SMALL BUSINESSES 500,000 NONE 2/16/22, 3/23/22, 5/17/22, 5/23/23, 8/18/23, 1/5/24, 2/16/, 8/16/24, 9/20/24    
PEOPLE'S LAND CAPITAL (DIRT CAPITAL)
  		1428 FRANKLIN STREET
OAKLAND,CA94612 		2021-12-06 250,000 TO SUPPORT RANCHO CORRALITOS, LLC, WHICH WAS ORGANIZED TO ACQUIRE A 177-ACRE PARCEL OF ORGANIC FARMLAND IN WATSONVILLE, CALIFORNIA, AND TRANSITION OWNERSHIP OF THE PROPERTY OVER TIME TO A GROUP OF FIRST- AND SECOND-GENERATION IMMIGRANT LATINO IMMIGRANT ORGANIC FARMERS AT A REDUCED COST. THIS PROJECT REPRESENTS A UNIQUE OPPORTUNITY TO INCREASE EQUITABLE LAND ACCESS FOR LATINO FARMERS TO HIGH-QUALITY FARMLAND AND PROMOTE LONG-TERM LAND STABILITY IN THE CENTRAL COAST REGION OF CALIFORNIA. 250,000 NONE 6/9/23, 12/13/23, 6/18/24, 12/13/23, 6/28/24, 9/30/24, 11/8/24, 12/17/24, 06    
INGENUITY POWER
  		213 S 24TH STREET
PHILADELPHIA,PA19103 		2022-07-14 250,000 THE WORKING POWER IMPACT FUND IS AN INVESTMENT VEHICLE DEDICATED SOLELY TO FOSTERING SCALED DEPLOYMENT OF COMMUNITY-BASED, CLEAN ECONOMY ASSETS THAT CENTER ECONOMIC EMPOWERMENT, LOCAL OWNERSHIP, AND DIRECT COMMUNITY BENEFITS WITHIN ALL ASPECTS OF CONSTRUCTION, OWNERSHIP, AND OPERATIONS. 250,000 NONE 8/15/23, 11/16/23, 2/16/24, 5/13/24, 12/13/23, 6/28/24, 9/30/24, 12/17/24, 0    
WORKING POWER IMPACT FUND
  		213 S 24TH STREET
PHILADELPHIA,PA19103 		2022-07-14 500,000 THE WORKING POWER IMPACT FUND IS AN INVESTMENT VEHICLE DEDICATED SOLELY TO FOSTERING SCALED DEPLOYMENT OF COMMUNITY-BASED, CLEAN ECONOMY ASSETS THAT CENTER ECONOMIC EMPOWERMENT, LOCAL OWNERSHIP, AND DIRECT COMMUNITY BENEFITS WITHIN ALL ASPECTS OF CONSTRUCTION, OWNERSHIP, AND OPERATIONS. 500,000 NONE 8/15/23, 11/16/23, 2/16/24, 5/13/24, 12/13/23, 6/28/24, 9/30/24, 12/17/24, 0    
NEXLEGACY
  		201 TAYLOR ST SUITE E
HUTTO,TX78634 		2023-01-09 750,000 NEXLEGACY IS A CONSTRUCTION COMPANY THAT PROVIDES SERVICES TO COMMUNITIES IN THE DEEP SOUTH IMPACTED BY NATURAL DISASTERS, SPECIALIZING IN RESIDENTIAL AND COMMERCIAL RECONSTRUCTION. MANY OF THE COMMUNITIES AFFECTED BY CLIMATE CHANGE IN THE US ARE PRIMARILY BLACK AND BROWN NEIGHBORHOODS, AND IT IS NEXLEGACY'S MISSION TO BRING THAT REPRESENTATION TO THE RECONSTRUCTION AND RECOVERY EFFORTS IN HISTORICALLY EXTRACTED AREAS. 750,000 NONE 12/13/23, 6/18/24, 12/13/23, 6/28/24, 9/30/24, 12/17/24, 06/11/25    

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE GROVE FOUNDATION
EIN:
77-0108124
Name of Bond End of Year Book Value End of Year Fair Market Value
ALEXANDRIA REAL ESTATE EQUITIES INC 67,106 67,106
AMERICAN HONDA FINANCE 157,157 157,157
AMERICAN TOWER CORP 59,595 59,595
AMGEN INC 151,628 151,628
AON CORP 147,268 147,268
APPLE INC 498,217 498,217
ASTRAZENECA FINANCE LLC 148,726 148,726
AT&T INC 156,259 156,259
BANK OF AMERICA CORP 188,362 188,362
BLACKROCK FUNDING INC 160,155 160,155
BRISTOL-MYERS SQUIBB CO 133,148 133,148
CITIGROUP INC 155,879 155,879
CNH INDUSTRIAL CAPITAL LLC 83,405 83,405
COMCAST CORP 121,351 121,351
DTE ELECTRONIC CO 92,507 92,507
ELEVANCE HEALTH INC 100,508 100,508
EQUINIX INC 70,771 70,771
EUROPEAN INVESTMENT BANK 600,407 600,407
EVERSOURCE ENERGY 101,278 101,278
FIFTH THIRD BANCORP 150,861 150,861
GOLDMAN SACHS GROUP INC 165,789 165,789
HOWARD UNIVERSITY 37,579 37,579
JPMORGAN CHASE & CO FXD 160,577 160,577
LOCAL INITIATIVES SUPPORT CORP 958,754 958,754
LOCKHEED MARTIN CORP 158,317 158,317
MORGAN STANLEY 157,815 157,815
NEXTERA ENERGY CAPITAL HOLDINGS INC 122,018 122,018
PNC FINANCIAL SERVICES GROUP 156,483 156,483
SEMPRA ENERGY 148,048 148,048
TRUIST FINANCIAL CORP 465,585 465,585
VERIZON COMMUNICATIONS INC 149,425 149,425
WASTE MANAGEMENT INC 159,582 159,582

TY 2024 InvestmentsGovtObligationsSch
Name:
THE GROVE FOUNDATION
EIN:
77-0108124
US Government Securities - End of Year Book Value:

13,359,251
US Government Securities - End of Year Fair Market Value:

13,359,251
State & Local Government Securities - End of Year Book Value:


7,690,553
State & Local Government Securities - End of Year Fair Market Value:


7,690,553


TY 2024 InvestmentsOtherSchedule2
Name:
THE GROVE FOUNDATION
EIN:
77-0108124
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
KPCB PANDEMIC FMV 30,177 30,177
LBA REALTY FUND I, INC. FMV 80,864 80,864
LBA REALTY FUND II, INC. FMV 101,286 101,286
LBA REALTY FUND IV, LP FMV 51,501 51,501
LEGACY VENTURE V (QP), LLC AT COST 534,607 854,799
LEGACY VENTURE VI (QP), LLC AT COST 564,735 3,878,529
MICROVEST FMV 13,371 13,371
MONTAGE CAPITAL II, L.P. AT COST 470,760 808,665

TY 2024 LiquidationExplanationStmt
Name:
THE GROVE FOUNDATION
EIN:
77-0108124
Statement:
THE FOUNDATION HAD UNDERGONE SUBSTANTIAL CONTRACTION DURING THE FILING PERIOD. ON JUNE 11, 2026 THE FOUNDATION'S BOARD ADOPTED A RESOLUTION TO WIND DOWN OPERATIONS, DISTRIBUTE THE FOUNDATION'S ASSETS AND DISSOLVE THE FOUNDATION DURING FISCAL YEAR ENDING 9/30/2029.


TY 2024 LegalFeesSchedule
Name:
THE GROVE FOUNDATION
EIN:
77-0108124
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 7,090 0   0


TY 2024 OtherAssetsSchedule
Name:
THE GROVE FOUNDATION
EIN:
77-0108124
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
BLOOMLIFE INC NOTE 362,537 362,537 362,537
ECOTRUST FOREST, LLC 1,350,000 1,350,000 1,350,000
HOUSING TRUST OF SILICON VALLEY NOTE 2,000,000 2,000,000 2,000,000
MISSION DRIVEN FINANCE, LLC 90,733 0 0
NAVAJO POWER LOAN 600,000 525,000 525,000
GENBIOPRO, INC. RECOVERABLE GRANT 100,752 0 0
POSIGEN 675,000 0 0
SOLAR HOLLER 112,500 100,000 100,000
CA REBUILDING FUND 536,838 450,000 450,000
SOAR CLASS A 62,831 50,812 50,812
COOPERATIVE ENERGY FUTURES CEF 315,000 225,000 225,000
IRC'S CENTER FOR ECONOMIC OPPORTUNITY 450,000 450,000 450,000
DIRT CAPITAL 225,000 200,000 200,000
PIGEONLY 200,000 0 0
INGENUITY POWER LLC 175,000 175,000 175,000
WORKING POWER IMPACT FUND LLC 375,000 350,000 350,000
NEXLEGACY 487,500 300,000 300,000
MDF SUBORDINATION 280,595 211,540 211,540
RECOMPOSE 0 0 0


TY 2024 OtherDecreasesSchedule
Name:
THE GROVE FOUNDATION
EIN:
77-0108124
Description Amount
UNREALIZED GAINS (LOSSES) ON INVESTMENTS 387,740


TY 2024 OtherExpensesSchedule
Name:
THE GROVE FOUNDATION
EIN:
77-0108124
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MEMBERSHIP DUES 101,500 0   101,500
SUBSCRIPTIONS 5,847 0   5,847
WEB HOSTING 927 0   927
OTHER MISCELLANEOUS 4,233 0   4,233


TY 2024 OtherIncomeSchedule2
Name:
THE GROVE FOUNDATION
EIN:
77-0108124
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER PARTNERSHIP INCOME 0 74,398 0


TY 2024 OtherProfessionalFeesSchedule
Name:
THE GROVE FOUNDATION
EIN:
77-0108124
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PROFESSIONAL FEES 203,998 186,074   50,890


TY 2024 TaxesSchedule
Name:
THE GROVE FOUNDATION
EIN:
77-0108124
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 74,000 0   0