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 07-01-2024 , and ending 06-30-2025
Name of foundation
ABDOLHOSSEIN AND GUITTY EJTEMAI
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)1921 WOODFORD RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
VIENNA, VA221823729
A Employer identification number

45-4082330
B Telephone number (see instructions)

(703) 915-1577
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$113,730,298J 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) 50,000,500
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,402,538 2,402,538  
4 Dividends and interest from securities... 357,636 354,873  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 139,162
b Gross sales price for all assets on line 6a 318,546
7 Capital gain net income (from Part IV, line 2)... 139,162
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
173,787 163,679  
12 Total. Add lines 1 through 11........ 53,073,623 3,060,252  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
13,258 6,629   6,629
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
100,399 100,399   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
82,443 387   0
19 Depreciation (attach schedule) and depletion...      
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
279,620 278,070   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 475,720 385,485   6,629
25 Contributions, gifts, grants paid....... 1,000,435 1,000,435
26 Total expenses and disbursements. Add lines 24 and 25 1,476,155 385,485   1,007,064
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 51,597,468
b Net investment income (if negative, enter -0-) 2,674,767
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............. 433,911 428,872 428,872
2 Savings and temporary cash investments......... 42,131,477 74,746,626 74,746,626
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)..... 500,000    
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) 0 Click to see attachment
List of Attached Documents:
// Content
1,034,990 		1,042,712
b Investments—corporate stock (attach schedule)....... 8,021,647 Click to see attachment
List of Attached Documents:
// Content
12,155,370 		15,162,307
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
5,348,034 		5,380,264
11 Investments—land, buildings, and equipment: basis right arrow1,595,000
Less: accumulated depreciation (attach schedule) right arrow   1,595,000 1,595,000 1,200,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,759,311 Click to see attachment
List of Attached Documents:
// Content
13,156,526 		14,701,632
14 Land, buildings, and equipment: basis right arrow1,067,885
Less: accumulated depreciation (attach schedule) right arrow   0 1,067,885 1,067,885
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 57,441,346 109,533,303 113,730,298
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   Click to see attachment
List of Attached Documents:
// Content
500,000
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 500,000
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 57,441,346 109,033,303
29 Total net assets or fund balances (see instructions)..... 57,441,346 109,033,303
30 Total liabilities and net assets/fund balances (see instructions). 57,441,346 109,533,303
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
57,441,346
2
Enter amount from Part I, line 27a .....................
2
51,597,468
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
109,038,814
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
5,511
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
109,033,303
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 WILMINGTON TRUST P    
b GLOBAL PARTNERS P    
c CAPITAL GAINS DIVIDENDS P    
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 232,942   179,608 53,334
b       224
c 85,604     85,604
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       53,334
b       224
c       85,604
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 2 139,162
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 37,179
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 37,179
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 37,179
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 53,951
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 13,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 66,951
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 29,772
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow29,772 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
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
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 arrowVA
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
Yes
 
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowABDOLHOSSEIN EJTEMAI Telephone no.right arrow (703) 915-1577

Located atright arrow1921 WOODFORD RDVIENNAVA ZIP+4right arrow22182
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)
Yes
 
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
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
Yes
 
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
Yes
 
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
Yes
 
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
ABDOLHOSSEIN EJTEMAI DIRECTOR
1.00 		0 0 0
1921 WOODFORD RD
VIENNA,VA22182
GUITTY EJTEMAI DIRECTOR
1.00 		0 0 0
1921 WOODFORD RD
VIENNA,VA22182
TINA EJTEMAI DIRECTOR
1.00 		0 0 0
2026 GEORGE WASHINGTON RD
VIENNA,VA22182
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
WILMINGTON TRUST INVESTMENT MANAGEMENT 80,905
1100 NORTH MARKET STREET
WILMINGTON,DE19890
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
15,580,136
b
Average of monthly cash balances.......................
1b
61,311,802
c
Fair market value of all other assets (see instructions)................
1c
15,848,902
d
Total (add lines 1a, b, and c).........................
1d
92,740,840
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
92,740,840
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,391,113
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
91,349,727
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,567,486
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
4,567,486
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
37,179
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
37,179
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,530,307
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,530,307
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
4,530,307
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
1,007,064
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
1,067,885
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
2,074,949
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 4,530,307
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021...... 1,857,989
d From 2022...... 953,891
e From 2023......  
f Total of lines 3a through e ........ 2,811,880
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,074,949
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		Click to see attachment
List of Attached Documents:
// Content
0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 2,074,949
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 2,455,358 2,455,358
(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 5 356,522
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		356,522
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 356,522
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).)
ABDOLHOSSEIN EJTEMAI
GUITTY EJTEMAI
TINA EJTEMAI
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

AFGHAN RELIEF FUND

11501 BULL RUN OVERLOOK CT
MANASSAS,VA20109 		NONE PC UNRESTRICTED GIFT 25,000

AMERICAN HEART ASSOCIATION

PO BOX 78851
PHOENIX,AZ850628851 		NONE PC UNRESTRICTED GIFT 200

ARTS COUNCIL OF THE VALLEY

311 S MAIN ST
HARRISONBURG,VA228013606 		NONE PC UNRESTRICTED GIFT 15,000

ASSOCIATION OF THE FRIENDS OF PERSIAN CULTURE

1233 CENTRAL ST
EVANSTON,IL60201 		NONE PC UNRESTRICTED GIFT 10,000

BAHA'I FUND

7901 OAK ST
DUNN LORING,VA22027 		NONE PC UNRESTRICTED GIFT 60,000

IMPACT NETWORK (BIKE TO THE BEACH)

61 GREENPOINT AVE SUITE 627
BROOKLYN,NY112223894 		NONE PC UNRESTRICTED GIFT 1,000

CHILDREN OF PERSIA

PO BOX 2602
MONTGOMERY VILLAGE,MD208862602 		NONE PC UNRESTRICTED GIFT 16,050

EASTER SEALS

1420 SPRING ST
SILVER SPRING,MD20910 		NONE PC UNRESTRICTED GIFT 10,000

IRAN 1400 INC

8183 CARNEGIE HALL CT APT 102
VIENNA,VA221807357 		NONE PC UNRESTRICTED GIFT 25,000

IRANEMA

PO BOX 812
ASHBURN,VA20146 		NONE PC UNRESTRICTED GIFT 830

JAMES MADISON UNIVERSITY

800 SOUTH MAIN STREET
HARRISONBURG,VA22804 		NONE PC UNRESTRICTED GIFT 12,000

JOURNALISM FOR CHANGE INC

901 NORTH GLEBE RD 5TH FLOOR
ARLINGTON,VA22203 		NONE PC UNRESTRICTED GIFT 15,000

NATIONAL MUTIPLE SCLEROSIS SOCIETY

733 THIRD AVE 3RD FLOOR
NEW YORK,NY100173211 		NONE PC UNRESTRICTED GIFT 500

PARS PLACE

2236-C GALLOWS RD
VIENNA,VA22182 		NONE PC UNRESTRICTED GIFT 15,105

PCMC INC

PO BOX 1433
NORTHAMPTON,MA01061 		NONE PC UNRESTRICTED GIFT 2,000

RAD ARTS FOUNDATION

1180 TROPICAL AVE
PASADENA,CA911071715 		NONE PC UNRESTRICTED GIFT 10,000

ST JUDE CHILDRENS RESEARCH

501 ST JUDE PLACE
MEMPHIS,TN38105 		NONE PC UNRESTRICTED GIFT 100,000

THE WASHINGTON BALLET

3515 WISCONSIN AVE NW
WASHINGTON,DC20016 		NONE PC UNRESTRICTED GIFT 15,000

VIENNA JAMMERS

314 DOMINION RD NE
VIENNA,VA22180 		NONE PC UNRESTRICTED GIFT 1,000

WOMEN GIVING BACK

20 EXPORT DR
STERLING,VA20164 		NONE PC UNRESTRICTED GIFT 4,000

WOMEN ON THE MOVE NETWORK

801 HIBISCUS WAY
PLACENTIA,CA92870 		NONE PC UNRESTRICTED GIFT 5,000

YELLOW BOOMERANG

5704 MOHICAN ROAD
BETHESDA,MD20816 		NONE PC UNRESTRICTED GIFT 5,000

BAHA'I HUQUQULLAH

1233 CENTRAL ST
EVANSTON,VA60201 		NONE PC UNRESTRICTED GIFT 400,000

BAHA'I NATIONAL CENTER

1233 CENTRAL ST
EVANSTON,VA60201 		NONE PC UNRESTRICTED GIFT 250,000

NOVA BAHA'I CENTER

21415 CARDINAL GLEN CIRCLE
STERLING,VA20164 		NONE PC UNRESTRICTED GIFT 650

GREATER VIENNA BAHA'I

8521 LEESBURG PIKE UNIT 320
VIENNA,VA22182 		NONE PC UNRESTRICTED GIFT 2,100
Total .................................right arrow 3a 1,000,435
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 ........... 		    14 2,402,538  
4 Dividends and interest from securities ....     14 357,636  
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 ............ 		    18 139,162  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aCORRECTION PAYMENT - INTEREST 		    01 22,290  
bGLOBAL PARTNERS 525990   14 0  
cGLOBAL PARTNERS - UBI 525990 -1,605 14    
dINTEREST ON PROMISSORY NOTE     14 145,020  
eOTHER INCOME     14 63  
fFEDERAL TAX PAYMENT     01 11,713  
gFEDERAL TAX PAYMENT     01 24  
hELEVATING CAPITAL 525990   14 -3,718  
12 Subtotal. Add columns (b), (d), and (e) .. -1,605 3,074,728 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,073,123
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


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


Software ID:  
Software Version:  


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

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

45-4082330
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
ABDOLHOSSEIN AND GUITTY EJTEMAI
FOUNDATION 		Employer identification number
45-4082330
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
MR AND MRS ABDOLHOSSEIN EJTEMAI
 
1921 WOODFORD RD
 
VIENNA, VA22182

$ 50,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
ABDOLHOSSEIN AND GUITTY EJTEMAI
FOUNDATION 		Employer identification number

45-4082330
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
ABDOLHOSSEIN AND GUITTY EJTEMAI
FOUNDATION 		Employer identification number

45-4082330
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:
ABDOLHOSSEIN AND GUITTY EJTEMAI
 
FOUNDATION
EIN:
45-4082330
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 13,258 6,629   6,629

TY 2024 AppliedToPriorYearElection
Name:
ABDOLHOSSEIN AND GUITTY EJTEMAI
 
FOUNDATION
EIN:
45-4082330
Election:
SEE ATTACHED ELECTION

TY 2024 GeneralExplanationAttachment
Name:
ABDOLHOSSEIN AND GUITTY EJTEMAI
 
FOUNDATION
EIN:
45-4082330
Identifier Return Reference Explanation
  PART VI-A, LINE 11 - CONTROLLED ENTITY THE ORGANIZATION HAS ONE CONTROLLED ENTITY THAT FILES A SEPARATE TAX RETURN, ELEVATING CAPITAL LLC (EIN 99-1273721). THE ENTITY'S ADDRESS IS 2900 TELESTAR CT, FALLS CHURCH, VA 22042. THIS IS NOT AN EXCESS BUSINESS HOLDING. THE ORGANIZATION MADE A CAPITAL CONTRIBUTION TO THE CONTROLLED ENTITY DURING THE TAX YEAR IN THE AMOUNT OF $3,522,700.

TY 2024 InvestmentsCorpBondsSchedule
Name:
ABDOLHOSSEIN AND GUITTY EJTEMAI
 
FOUNDATION
EIN:
45-4082330
Name of Bond End of Year Book Value End of Year Fair Market Value
ENERGY TRANSFER PARTNERS DTD 06/23/2015 4.750% 01/15/2026 CALLABLE 174,844 174,998
VIRGINIA ELECTRIC & POWER COMPANY DTD 01/14/2016 3.150% 01/15/2026 CALLABLE 197,034 198,620
IBM CORP DTD 02/19/2016 3.450% 02/19/2026 197,440 198,672
BRISTOL-MYERS SQUIBB CO DTD 02/22/2024 4.950% 02/20/2026 250,803 250,800
RTX CORPORATION DTD 02/27/2023 5.000% 02/27/2026 CALLABLE 200,454 200,588
AMERICAN TOWER CORP DTD 03/29/2021 1.600% 04/15/2026 CALLABLE 215,928 220,012
EXELON CORP DTD 04/07/2016 3.400% 04/15/2026 CALLABLE 221,369 223,020
T-MOBLILE USA INC DTD 03/23/2021 2.625% 04/15/2026 CALLABLE 146,139 147,669
ABBVIE INC DTD 05/12/2016 3.200% 05/14/2026 CALLABLE 245,585 247,610
SYSCO CORPORATION DTD 04/01/2016 3.300% 07/15/2026 CALLABLE 244,888 247,125
CITIBANK DTD 08/06/2024 43929% 08/06/2026 CALLABLE 250,945 251,715
AMGEN INC DTD 08/19/2016 2.600% 08/19/2026 CALLABLE 193,576 196,308
JPMORGAN CHASE & CO DTD 07/21/2016 2.950% 10/01/2026 CALLABLE 292,566 295,632
DUKE ENERGY PROGRESS LLC DTD 03/06/2025 4.350% 03/06/2027 CALLABLE 369,789 371,761
BANK NEW YORK MELLON CORP DTD 04/22/2025 VAR CPN 04/20/2027 CALLABLE 225,000 225,515
PNC BANK DTD 05/13/2025 VAR CPN 05/13/2027 CALLABLE 250,000 250,125
TOYOTA AUTO RECEIVABLES OWNER ASSET BCKD SEC SER 2025-A CL A2A DTD 01/29/202 299,986 299,802
ASTRAZENECA PLC DTD 08/06/2020 0.700% 04/08/2026 CALLABLE 214,479 218,876
BANK MONTREAL CONVERTIBLE DTD 06/05/2023 5.300% 06/05/2026 226,505 226,933
CANADIAN IMPERIAL BANK CONVERTIBLE DTD 10/03/2023 5.926% 10/02/2026 304,661 305,868
WESTPAC BKG CORP DTD 11/20/2024 4.600% 10/20/2026 300,621 301,935
GLAXOSMITHKLINE CAP PLC DTD 03/13/2025 4.315% 03/12/2027 325,422 326,680

TY 2024 InvestmentsCorpStockSchedule
Name:
ABDOLHOSSEIN AND GUITTY EJTEMAI
 
FOUNDATION
EIN:
45-4082330
Name of Stock End of Year Book Value End of Year Fair Market Value
ALPHABET INC CL C TICKER: GOOG; CUSIP: 02079K107 13,799 91,356
META PLATFORMS, INC-A TICKER: META; CUSIP: 30303M102 25,241 74,547
AMAZON.COM INC TICKER: AMZN; CUSIP: 023135106 52,764 105,526
BOOKING HOLDINGS INC TICKER: BKNG; CUSIP: 09857L108 7,867 40,525
COUPANG LLC TICKER: CPNG: CUSIP: 22266T109 8,363 11,295
HOME DEPOT INC COM TICKER: HD; CUSIP: 437076102 24,998 36,664
MCDONALD'S CORPORATION TICKER: MCD; CUSIP: 580135101 10,064 15,193
TESLA INC. TICKER: TSLA; CUSIP: 88160R101 21,874 35,578
WALT DISNEY CO TICKER: DIS; CUSIP: 254687106 37,430 45,512
COSTCO WHOLESALE CORP COM TICKER: COST; CUSIP: 22160K105 10,527 64,346
PEPSICO INC COM TICKER: PEP; CUSIP: 713448108 7,143 11,884
PHILIP MORRIS INTL INC TICKER: PM; CUSIP: 718172109 16,159 16,756
PROCTOR & GAMBLE CO COM TICKER: PG; CUSIP: 742718109 20,905 20,074
TARGET CORP COM TICKER: TGT; CUSIP: 87612E106 21,839 15,488
CHEVRON CORP TICKER: CVX; CUSIP: 166764100 28,358 30,643
EOG RESOURCES INC COM TICKER: EOG; CUSIP: 26875P101 13,349 31,697
BANK OF AMERICA CORPORATION TICKER: BAC; CUSIP: 060505104 34,283 58,535
BLACKROCK INC TICKER: BLK; CUSIP: 09247X101 12,117 35,675
JPMORGAN CHASE & CO TICKER: JPM; CUSIP: 46625H100 19,381 99,729
MASTERCARD INC CLASS A TICKER: MA; CUSIP: 57636Q104 7,958 56,194
MORGAN STANLEY GROUP INC TICKER: MS: CUSIP: 617446448 18,115 28,031
ABBOTT LABORATORIES TICKER: ABT; CUSIP: 002824100 22,622 31,962
ABBVIE INC TICKER: ABBV; CUSIP: 00287Y109 20,468 25,987
DANAHER CORP COM TICKER: DHR; CUSIP: 235851102 7,960 31,014
ELI LILLY & CO TICKER: LLY: CUSIP: 532457108 46,800 45,213
UNITEDHEALTH GROUP INC TICKER: UNH; CUSIP: 91324P102 36,606 21,838
DEERE & CO COMMON TICKER: DE: CUSIP: 244199105 32,790 41,696
LOCKHEED MARTIN CORPORATION COM TICKER: LMT; CUSIP: 539830109 14,488 19,915
UBER TECHNOLOGIES INC TICKER: UBER; CUSIP: 90353T100 20,094 26,964
UNION PACIFIC CORP COM TICKER: UNP; CUSIP: 907818108 6,390 15,645
ADOBE INC TICKER: ADBE; CUSIP: 00724F101 13,845 15,475
ANALOG DEVICES INC TICKER: ADI; CUSIP: 032654105 8,921 33,561
APPLE INC TICKER: AAPL; CUSIP: 037833100 12,109 133,155
ATLASSIAN CORP PLC CL A TICKER: TEAM; CUSIP: G06242104 5,806 5,483
BROADCOM INC TICKER: AVGO; CUSIP: 11135F101 10,034 93,721
CISCO SYSTEMS INC TICKER: CSCO; CUSIP: 17275R102 7,838 21,300
MICROSOFT CORP TICKER: MSFT; CUSIP: 594918104 33,784 186,031
NVIDIA CORP COM TICKER: NVDA; CUSIP: 67066G104 24,012 171,577
ORACLE CORPORATION COM TICKER: ORCL; CUSIP: 68389X105 5,654 32,794
AIR PRODUCTS & CHEMICALS INC TICKER: APD; CUSIP: 009158106 13,915 13,257
SHERWIN WILLIAMS CO COM TICKER: SHW; CUSIP: 824348106 8,352 22,318
AMERICAN TOWER CORP TICKER: AMT; CUSIP: 03027X100 7,676 21,218
AVALONBAY COMMUNITIES INC TICKER: AVB; CUSIP: 053484101 22,817 25,641
AMERICAN ELECTRIC POWER CO INC TICKER: AEP; CUSIP: 025537101 12,042 19,818
CMS ENERGY CORP COM TICKER: CMS; CUSIP: 125896100 17,083 20,645
HARBOR LARGE-CAP VALUE FUND CLASS RETIREMENT TICKER: HNLVX; CUSIP: 411512478 298,809 332,434
ISHARES CORE S&P 500 ETF TICKER: IVV CUSIP: 464287200 1,784,704 2,097,400
ISHARES CORE MSCI USA QUALITY FACTOR ETF TICKER: QUAL: CUSIP: 46432F339 729,449 781,190
ISHARES RUSSELL 1000 GROWTH ETF TICKER: IWF; CUSIP: 464287614 188,038 266,636
ISHARES RUSSELL 1000 VALUE ETF TICKER: IWD; CUSIP: 464287598 157,895 235,795
SPDR S&P 500 ETF TICKER: SPY; CUSIP: 78462F103 80,840 232,312
T ROWE PRICE LG-CAP GR FD CL I TICKER: TRLGX: CUSIP: 45775L408 312,597 399,442
T ROWE PRICE US EQUITY RESEARCH ETF TICKER: TSPA; CUSIP: 87283Q503 768,675 796,389
WILMINGTON LARGE-CAP STRATEGY FUND INSTITUTIONAL SHARES TICKER: WMLIX; CUSIP 511,752 770,576
ISHARES RUSSELL 2000 ETF TICKER: IWM; CUSIP: 464287655 446,816 552,207
31 GROUP PLC UNSPONS ADR TICKER: TGOPY; CUSIP: 88579N105 8,900 12,399
ACCENTURE PLC CLASS A TICKER: ACN; CUSIP: G1151C101 9,801 17,336
ADYEN NV UNSPONSORED AMERICAN DEPOSITORY RECEIPT TICKER: ADYEY; CUSIP: 00783 7,044 10,400
AON PLC TICKER: AON; CUSIP: G0403H108 5,508 6,422
ARCH CAPITAL GROUP LTD TICKER: ACGL; CUSIP: G0450A105 7,437 9,014
ASM INTERNATIONAL NV SPONSORED AMERICAN DEPOSITORY RECEIPT TICKER: ASMIY; CU 5,012 5,768
ASML HOLDING N.V. AMERICAN DEPOSITORY RECEIPT TICKER: ASML; CUSIP: N07059210 6,852 9,617
ASTRAZENECA GROUP PLC SPONSORED ADR TICKER: AZN; CUSIP: 046353108 7,660 7,547
BAE SYSTEMS PLC SPONSORED ADR TICKER: BAESY; CUSIP: 05523R107 12,305 19,333
CANADIAN NATURAL RESOURCES LTD TICKER: CNQ; CUSIP: 136385101 6,528 6,343
CANADIAN PACIFIC KANSAS CITY TICKER: CP; CUSIP: 13646K108 8,919 10,543
COMPASS GROUP PLC SPONSORED AMERICAN DEPOSITORY RECEIPT TICKER: CMPGY; CUSIP 6,041 7,525
DEUTSCHE BOERSE AG TICKER: DBOEY; CUSIP: 20449X401 7,843 7,964
EXPERIAN GROUP LTD SPONSORED ADR TICKER: EXPGY; CUSIP: 30215C101 5,167 6,934
FERRARI NV TICKER: RACE; CUSIP: N3167Y103 4,644 6,870
ICICI BANK LIMITED SPONSORED ADR TICKER: IBN; CUSIP: 45104G104 6,208 8,881
JOHNSON & JOHNSON TICKER: JNJ; CUSIP: 478160104 12,736 28,729
LINDE PLC TICKER: LIN; CUSIP: G54950103 7,842 9,853
MEITUAN UNSPOS ADR TICKER: MPNGY; CUSIP: 58533E103 11,518 7,788
MERCADOLIBRE INC TICKER: MELI; CUSIP: 58733R102 4,730 7,841
MITSUBISHI HEAVY INDSTRS UNSPONS ADR TICKER: MHVIY; CUSIP: 606793404 7,876 17,026
MONDAY.COM LTD TICKER: MNDY; CUSIP: M7S64H106 5,765 8,176
NINTENDO CO LTD ADR TICKER: NTDOY; CUSIP: 654445303 8,626 10,713
NOVO-NORDISK A/S SPONS ADR TICKER: NVO; CUSIP: 670100205 7,579 7,661
NU HLDGS LTD CL A TICKER: NU; CUSIP: G6683N103 6,507 7,807
NVENT ELECTRIC PLC TICKER: NVT; CUSIP: G6700G107 19,273 16,554
RHEINMETALL AG USPONS ADR TICKER: RNMBY; CUSIP: 775781206 6,010 6,760
ROLLS-ROYCE HOLDINGS-SP ADR TICKER: RYCEY; CUSIP: 775781206 11,054 20,364
SAFRAN SA UNSPONSORED ADR TICKER: SAFRY; CUSIP: 786584102 8,240 14,292
SAP SE SPONS ADR TICKER: SAP; CUSIP: 803054204 13,392 16,421
SEA LTD SPONS ADR TICKER: SE; CUSIP: 81141R100 8,164 19,193
SIEMENS ENERGY AG UNSPONS ADR TICKER: SMNEY; CUSIP: 82621A104 8,440 21,666
SPOTIFY TECHNOLOGY SA TICKER: SPOT; CUSIP: L8681T102 7,717 20,718
STERIS PLC TICKER: STE; CUSIP: G8473T100 1,984 4,084
TAIWAN SEMICONDUCTOR SPON ADR TICKER: TSM; CUSIP:874039100 13,173 20,610
TENCENT HOLDINGS LIMITED TICKER; TCEHY; CUSIP: 88032Q109 8,137 7,998
UBS GROUP AG TICKER: UBS; CUSIP: H42097107 6,369 7,440
WASTE CONNECTIONS INC TICKER: WCN; CUSIP: 94106B101 4,444 5,602
COLUMBIA OVERSEAS VALUE FUND TICKER: COSYX; CUSIP: 19766P868 348,469 447,046
ISHARES CORE MSCI EAFEETF TICKER: IEFA; CUSIP: 46432F842 829,639 981,057
BAILLIE GIFFORD EMERGING MKTS FUND CLASS K TICKER: BGKEX; CUSIP: 056823396 200,289 263,693
ISHARES CORE MSCI EMERGING MARKETS ETF TICKER: IEMG; CUSIP: 46434G103 168,659 199,900
METWEST TOTAL RETURN BOND FUND CLASS INSTITUTIONAL TICKER: MWTIX; CUSIP: 592 508,779 421,578
WILMINGTON BROAD MARKET BOND FUND INSTITUTIONAL SHARES TICKER: WIBMX; CUSIP: 524,238 463,498
AMERICAN BEACON SIM HIGH YIELD OPPORTUNITIES FUND TICKER: SHOIX; CUSIP: 0245 167,787 160,793
WILMINGTON REAL ASSET FUND INSTITUTIONAL SHARES TICKER: WMRIX; CUSIP: 97181C 159,448 171,203
GATEWAY FUND CLASS N TICKER: GTENX; CUSIP: 367829777 187,932 271,031
WILMINGTON GLOBAL ALPHA EQUITIES FUND TICKER: WRAIX; CUSIP: 97181C332 50,581 62,435
EMERSON ELEC CO DISCOUNT COMMERCIAL PAPER DTD 03/06/2025 DUE 07/07/2025 468,201 468,201
PACIFIC LIFE SHORT TERM FDG LLC DISC COMMERCIAL PAPER DTD 10/21/24 DUE 07/16 464,120 464,120
PEPSICO INC DISCOUNT COMMERCIAL PAPER DTD 10/21/24 DUE 07/16/25 465,582 465,582
CHEVRON CORP DISCOUNT COMMERCIAL PAPER DTD 04/22/25 DUE 11/21/25 195,006 195,006
BARON SMALL-CAP FUND INSTITUTIONAL CLASS 12,307 11,550
EATON VANCE NATIONAL MUNICIPAL INCOME FUND CLASS I 16,277 15,726
FMI INTERNATIONAL FUND INSTITUTIONAL CLASS 45,268 53,923
GOLDMAN SACHS INTERNATIONAL SMALL-CAP INSIGHTS FUND 38,138 50,265
NEUBERGER BERGER LARGE-CAP VALUE FUND INSTITUTIONAL CLASS 42,248 47,824
AMERICAN NEW WORLD FUND CLASS F2 43,090 51,599
PARNASSUS MID-CAP FUND INSTITUTIONAL CLASS 34,351 38,033
PRINCIPAL REAL ESTATE SECURITIES FUND INSTITUTIONAL CLASS 35,096 37,462
RUSSELL TAX-EXEMPT BOND FUND CLASS S 21,357 21,050
AMERICAN TAX-EXEMPT BOND FUND OF AMERICA CLASS F2 22,851 22,306
COLUMN SMALL-CAP SELECT FUND 22,196 22,315
VAN ECK CONSTANT MATURITY COMMODITY INDEX FUND CLASS Y 21,564 21,691
ISHARES GOLD TR ISHARES NEW 12,594 21,452
ISHARES INC MSCI EUROZONE ETF 55,423 72,945
ISHARES TR CORE S&P 500 ETF 220,960 309,208
ISHARES TR CORE S&P MID-CAP ETF 40,301 47,135
ISHARES TR CORE S&P SMALL-CAP ETF 10,139 11,038
ISHARES TR NATL MUN BD ETF FD 21,960 21,210
SCHWAB STRATEGIC TR US DIVIDEND EQUITY ETF 40,332 43,884
SCHWAB STRATEGIC TR INTL EQUITY ETF 65,448 82,035
VANGUARD INTL EQUITY INDEX FDS FTSE EMERGING MKTS ETF 30,203 36,600
IDIRECT PRIVATE MARKETS FUND CLASS I 78,431 91,439
AMG PANTHEON FUND LLC CLASS I 76,446 90,425

TY 2024 InvestmentsGovtObligationsSch
Name:
ABDOLHOSSEIN AND GUITTY EJTEMAI
 
FOUNDATION
EIN:
45-4082330
US Government Securities - End of Year Book Value:

1,034,990
US Government Securities - End of Year Fair Market Value:

1,042,712
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
ABDOLHOSSEIN AND GUITTY EJTEMAI
 
FOUNDATION
EIN:
45-4082330
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GLOBAL PARTNERS LP AT COST 6,820 52,730
SKK VENTURES QP, LLC AT COST 232,500 230,000
R4 SPV HOLDINGS LP AT COST 490,868 557,741
ARBORVIEW CAPITAL PARTNERS III LP AT COST 3,909,384 4,896,261
ELEVATING CAPITAL PARTNERS II LLC AT COST 4,148,982 4,216,050
COTA ENTERPRISE VENTURES III, LP AT COST 866,367 1,245,000
COHESITY HOLDINGS SPV LP AT COST 248,918 251,163
PAX RIVER VILLAGE LLC AT COST 1,000,000 1,000,000
PROMISSORY NOTE - SOHEIL AT COST 1,812,687 1,812,687
LOAN RECEIVABLE - UTAB AT COST 440,000 440,000

TY 2024 LoansFromOfficersSchedule
Name:
ABDOLHOSSEIN AND GUITTY EJTEMAI
 
FOUNDATION
EIN:
45-4082330

Item No. 1
Lender's Name ABDOLHOSSEIN EJTEMAI
Lender's Title FOUNDATION DIRECTOR
Original Amount of Loan 500000
Balance Due 500000
Date of Note 2025-03
Maturity Date  
Repayment Terms  
Interest Rate 0.000000000000
Security Provided by Borrower N/A
Purpose of Loan TRANSFER OF PERSONAL FUNDS EXCLUSIVELY FOR CHARITABLE PURPOSES
Description of Lender Consideration N/A
Consideration FMV 500000


TY 2024 OtherDecreasesSchedule
Name:
ABDOLHOSSEIN AND GUITTY EJTEMAI
 
FOUNDATION
EIN:
45-4082330
Description Amount
ADJUSTMENT TO BASIS 5,511


TY 2024 OtherExpensesSchedule
Name:
ABDOLHOSSEIN AND GUITTY EJTEMAI
 
FOUNDATION
EIN:
45-4082330
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR FEES 102 102   0
EXPENSES FROM PASSTHROUGH 277,968 277,968   0
N/D EXPENSES FROM PASSTHROUGH 550 0   0
TAXABLE EXPENDITURE 1,000 0   0


TY 2024 OtherIncomeSchedule2
Name:
ABDOLHOSSEIN AND GUITTY EJTEMAI
 
FOUNDATION
EIN:
45-4082330
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CORRECTION PAYMENT - INTEREST 22,290 22,290 22,290
GLOBAL PARTNERS - UBI -1,605   -1,605
INTEREST ON PROMISSORY NOTE 145,020 145,020 145,020
OTHER INCOME 63 63 63
FEDERAL TAX PAYMENT 11,713   11,713
FEDERAL TAX PAYMENT 24 24 24
ELEVATING CAPITAL -3,718 -3,718 -3,718


TY 2024 OtherProfessionalFeesSchedule
Name:
ABDOLHOSSEIN AND GUITTY EJTEMAI
 
FOUNDATION
EIN:
45-4082330
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 100,399 100,399   0


TY 2024 TaxesSchedule
Name:
ABDOLHOSSEIN AND GUITTY EJTEMAI
 
FOUNDATION
EIN:
45-4082330
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAXES 82,056 0   0
FOREIGN TAXES 387 387   0