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
THE ANNENBERG FOUNDATION TRUST AT
SUNNYLANDS
Number and street (or P.O. box number if mail is not delivered to street address)37977 BOB HOPE DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RANCHO MIRAGE, CA92270
A Employer identification number

25-6774871
B Telephone number (see instructions)

(760) 202-2222
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$745,858,665J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,896,020 2,896,020 2,896,020
4 Dividends and interest from securities... 2,441,674 6,716,596 6,716,596
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 32,992,418
b Gross sales price for all assets on line 6a 113,045,842
7 Capital gain net income (from Part IV, line 2)... 34,252,854
8 Net short-term capital gain......... 2,388,575
9 Income modifications...........  
10a Gross sales less returns and allowances 900,605
b Less: Cost of goods sold.... 464,535
c Gross profit or (loss) (attach schedule)..... Click to see attachment
List of Attached Documents:
// Content
436,070 436,070
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,700,210 6,609,894 7,979,931
12 Total. Add lines 1 through 11........ 40,466,392 50,475,364 20,417,192
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,424,367 37,290 37,290 1,387,077
14 Other employee salaries and wages...... 7,240,232 52,101 662,038 6,534,462
15 Pension plans, employee benefits....... 2,225,125 8,277 128,020 2,092,057
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
504,137 0 0 533,920
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
166,382 62,220 62,220 143,540
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,130,843 1,576,002 1,576,002 554,841
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,422,575 738,638 14,843 945,995
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
5,018,982 0 42,353
20 Occupancy.............. 3,046,667 0 0 3,275,540
21 Travel, conferences, and meetings....... 433,498 0 4,000 444,133
22 Printing and publications.......... 26,810 0 0 26,810
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,847,811 24,163 136,905 3,103,135
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 26,487,429 2,498,691 2,663,671 19,041,510
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 26,487,429 2,498,691 2,663,671 19,041,510
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 13,978,963
b Net investment income (if negative, enter -0-) 47,976,673
c Adjusted net income (if negative, enter -0-)... 17,753,521
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............. 4,009 4,175 4,175
2 Savings and temporary cash investments......... 44,701,363 74,025,184 74,025,184
3 Accounts receivable right arrow1,422
Less: allowance for doubtful accounts right arrow   1,427 1,422 1,422
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.............. 185,149 189,529 189,529
9 Prepaid expenses and deferred charges.......... 132,239 326,224 326,224
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 289,720,130 Click to see attachment
List of Attached Documents:
// Content
288,395,700 		288,395,700
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 189,688,065 Click to see attachment
List of Attached Documents:
// Content
200,852,743 		200,852,743
14 Land, buildings, and equipment: basis right arrow190,410,529
Less: accumulated depreciation (attach schedule) right arrow58,943,440 130,264,085 Click to see attachment
List of Attached Documents:
// Content
131,467,089 		181,598,350
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
501,639 		Click to see attachment
List of Attached Documents:
// Content
465,338 		Click to see attachment
List of Attached Documents:
// Content
465,338
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 655,198,106 695,727,404 745,858,665
Liabilities 17 Accounts payable and accrued expenses.......... 3,586,409 2,218,981
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,096,651 		Click to see attachment
List of Attached Documents:
// Content
2,216,964
23 Total liabilities (add lines 17 through 22)......... 4,683,060 4,435,945
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........... 650,515,046 691,291,459
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)..... 650,515,046 691,291,459
30 Total liabilities and net assets/fund balances (see instructions). 655,198,106 695,727,404
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
650,515,046
2
Enter amount from Part I, line 27a .....................
2
13,978,963
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
26,797,450
4
Add lines 1, 2, and 3 ..........................
4
691,291,459
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
691,291,459
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 LT PUBLICLY TRADED SECURITIES/OTHER P    
b ST PUBLICLY TRADED SECURITIES/OTHER P    
c LT LIMITED PARTNERSHIPS/OTHER P    
d CAPITAL GAIN DISTRIBUTIONS P    
e SALES OF FIXED ASSETS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 101,268,115   71,966,762 29,301,353
b 9,742,026   7,353,451 2,388,575
c 2,035,701   205,561 1,830,140
d       695,486
e       37,300
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       29,301,353
b       2,388,575
c       1,830,140
d       695,486
e       37,300
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 34,252,854
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 2,388,575
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) 1 666,876
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........................... 3 666,876
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- ..... 5 666,876
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 398,144
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 350,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 748,144
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 81,268
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow81,268 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 arrowCA, PA
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
Yes
 
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 instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.SUNNYLANDS.ORG
14
The books are in care ofright arrowALEXA MENDEZ Telephone no.right arrow (760) 202-2271

Located atright arrow37977 BOB HOPE DRIVERANCHO MIRAGECA ZIP+4right arrow92270
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
WALLIS ANNENBERG RETIRED 0625 TRUSTEE
1.00 		0 0 0
2000 AVE OF THE STARS SUITE 1000
LOS ANGELES,CA90067
LAUREN A BON TRUSTEE
1.00 		0 0 0
2000 AVE OF THE STARS SUITE 1000
LOS ANGELES,CA90067
GREGORY WEINGARTEN TRUSTEE
2.00 		0 0 0
2000 AVE OF THE STARS SUITE 1000
LOS ANGELES,CA90067
CHARLES WEINGARTEN TRUSTEE
1.00 		0 0 0
2000 AVE OF THE STARS SUITE 1000
LOS ANGELES,CA90067
DIANE DESHONG TRUSTEE
2.00 		0 0 0
37977 BOB HOPE DRIVE
RANCHO MIRAGE,CA92270
LEONORE DESHONG TRUSTEE
1.00 		0 0 0
37977 BOB HOPE DRIVE
RANCHO MIRAGE,CA92270
HOWARD DESHONG III TRUSTEE
2.00 		0 0 0
37977 BOB HOPE DRIVE
RANCHO MIRAGE,CA92270
ELIZABETH R KABLER TRUSTEE
2.00 		0 0 0
37977 BOB HOPE DRIVE
RANCHO MIRAGE,CA92270
ELIZABETH K SORENSEN TRUSTEE
2.00 		0 0 0
37977 BOB HOPE DRIVE
RANCHO MIRAGE,CA92270
LILY ANNENBERG AS OF 0625 TRUSTEE
1.00 		0 0 0
2000 AVE OF THE STARS SUITE 1000
LOS ANGELES,CA90067
DAVID J LANE PRESIDENT
40.00 		578,989 35,645 0
2000 MASSACHUSETTS AVE NW STE 250
WASHINGTON,DC20036
KATHLEEN DOHERTY CHIEF STRATEGY & RETREATS OFFICER
40.00 		339,290 25,153 0
2000 MASSACHUSETTS AVE NW STE 250
WASHINGTON,DC20036
MICHAEL ELLZEY CHIEF OF ESTATE OPERATIONS
40.00 		257,088 20,185 0
37977 BOB HOPE DRIVE
RANCHO MIRAGE,CA92270
ROBERT BELL CHIEF ADMINISTRATIVE OFFICER
40.00 		249,000 19,141 0
37977 BOB HOPE DRIVE
RANCHO MIRAGE,CA92270
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
MARISA LUZZATTO DIR-OPERATIONS & PRO
40.00 		184,933 38,338 0
2000 MASSACHUSETTS
WASHINGTON,DC20036
DAVID MONTOYA DIR-FACILITIES, OPS
40.00 		176,758 33,738 0
37977 BOB HOPE DRIVE
RANCHO MIRAGE,CA92270
JEFFREY PHILLIPS DIR-POLICY & INTL PA
40.00 		172,723 30,913 0
2000 MASSACHUSETTS
WASHINGTON,DC20036
ROBERT FALLON DIR-STR POLICY, HEAL
40.00 		172,578 23,068 0
2000 MASSACHUSETTS
WASHINGTON,DC20036
ANNE ROWE DIRECTOR, HERITAGE
40.00 		157,477 14,588 0
37977 BOB HOPE DRIVE
RANCHO MIRAGE,CA92270
Total number of other employees paid over $50,000...................right arrow 57
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
DW JOHNSTON CONSTRUCTION INC CONSTRUCTION 2,257,196
71650 SAHARA ROAD SUITE 2
RANCHO MIRAGE,CA92270
VINTAGE ASSOCIATES INC LANDSCAPE CONSTRUCTION 708,997
78-755 DARBY ROAD
BERMUDA DUNES,CA92203
NEPC LLC INV CONSULTING 523,659
9440 W SAHARA
LAS VEGAS,NV89117
BESTOR ARCHITECTURE CONSTRUCTION 376,901
2030 HYPERION AVE
LOS ANGELES,CA90027
UNTITLED EVENTS CATERING 365,347
1062 N MENTOR AVE
PASADENA,CA91104
Total number of others receiving over $50,000 for professional services.............right arrow19
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 PUBLIC PROGRAMS & EDUCATION(SEE STATEMENT 15) 9,086,676
2 RETREATS & OTHER CONVENINGS(SEE STATEMENT 15) 8,685,239
3 PUBLIC PROGRAMS ON THE OPEN LAND(SEE STATEMENT 15) 24,761
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 NONE 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
397,497,476
b
Average of monthly cash balances.......................
1b
64,372,911
c
Fair market value of all other assets (see instructions)................
1c
91,692,746
d
Total (add lines 1a, b, and c).........................
1d
553,563,133
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
553,563,133
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
8,303,447
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
545,259,686
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
27,262,984
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
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
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
19,041,510
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
6,490,119
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
25,531,629
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  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$  
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
2004-09-21
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
17,753,521 9,376,781 5,800,258 6,575,483 39,506,043
b 85% (0.85) of line 2a ......... 15,090,493 7,970,264 4,930,219 5,589,161 33,580,137
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		25,531,629 21,145,117 18,661,168 20,847,210 86,185,124
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		0 0 0 0 0
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		25,531,629 21,145,117 18,661,168 20,847,210 86,185,124
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		18,175,323 16,527,079 15,221,493 17,452,797 67,376,692
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) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
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
Total .................................right arrow 3a 0
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
aTOURS, EDUC PROGRAMS         1,370,037
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 2,896,020  
4 Dividends and interest from securities ....     14 2,441,674  
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 .....     18 233,147 0
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 32,992,418 0
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aGIFT SHOP & CAFE SALES 		459420 190,384 03 245,686  
bROYALTIES     15 1,037  
cNET FED/STATE INC TAX BENEFIT     01 26,362  
dCLASS ACTION SETTLEMENTS     01 69,627  
e
12 Subtotal. Add columns (b), (d), and (e) .. 190,384 38,905,971 1,370,037
13Total. Add line 12, columns (b), (d), and (e)..................
13
40,466,392
(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.)
1 THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS ENGAGES IN INCOME-PRODUCING ACTIVITIES THAT CONTRIBUTE IMPORTANTLY TO THE ACCOMPLISHMENT OF ITS EXEMPT PURPOSES. IN ORDER TO FURTHER ITS EDUCATIONAL PURPOSES, THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS CONDUCTS TOURS AND EDUCATIONAL PROGRAMMING THAT ARE OPEN TO THE PUBLIC, WHEREBY MEMBERS OF THE PUBLIC LEARN ABOUT SUCH THINGS AS THE HISTORICAL AND ARCHITECTURAL SIGNIFICANCE OF ITS PROPERTY, THE ARTWORK OF THE "ANNENBERG COLLECTION, AND THE GARDENS AND THE BIRDS LOCATED ON THE GROUNDS. THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS ALSO HAS A GIFT SHOP THAT OFFERS BOOKS AND OTHER EDUCATIONAL ITEMS TO ENHANCE THE PUBLIC'S UNDERSTANDING AND APPRECIATION OF THE VARIOUS EDUCATIONAL ASPECTS OF THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS. IN ORDER FOR VISITORS TO DEVOTE A GREATER PORTION OF THEIR TIME AND ATTENTION TO ITS EDUCATIONAL FACILITIES, THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS ALSO HAS AN ONSITE CAFE THAT IS AVAILABLE FOR THOSE VISIT
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE ANNENBERG FOUNDATION TRUST AT
 
SUNNYLANDS
EIN:
25-6774871
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDITING/TAX SERVICES 166,382 62,220 62,220 143,540

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

TY 2024 DepreciationSchedule
Name:
THE ANNENBERG FOUNDATION TRUST AT
 
SUNNYLANDS
EIN:
25-6774871
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
LAND   67,315,000     0 % 0 0 0  
BUILDING AND IMPROVEMENTS   102,844,569 50,020,650   0 % 0 0 0  
FURNITURE AND EQUIPMENT   11,873,812 8,921,805   0 % 0 0 0  
LEASEHOLD IMPROVEMENTS   985 985   0 % 0 0 0  
CONSTRUCTION IN PROGRESS   8,376,163     0 % 0 0 0  

TY 2024 GeneralExplanationAttachment
Name:
THE ANNENBERG FOUNDATION TRUST AT
 
SUNNYLANDS
EIN:
25-6774871
Identifier Return Reference Explanation
SUMMARY OF DIRECT CHARITABLE ACTIVITIES PART VIII-A ORGANIZATIONAL BACKGROUND AND PERMITTED PROGRAMS:IN 2001 WALTER AND LEONORE ANNENBERG ESTABLISHED THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS TO "ADDRESS SERIOUS ISSUES FACING THE NATION AND THE WORLD COMMUNITY." SUNNYLANDS IS CHARGED BY ITS DECLARATION OF TRUST TO BRING TOGETHER LEADERS AND EXPERTS FROM AROUND THE GLOBE TO FIND MEANINGFUL SOLUTIONS TO SOME OF THE MOST PRESSING CHALLENGES FACING OUR NATION AND THE WORLD IN CONVENINGS THAT PRODUCE IMPACTFUL POSITIVE OUTCOMES.THE DECLARATION OF TRUST OUTLINES SEVEN CATEGORIES OF PERMITTED PROGRAMS:1. FOR THE PRESIDENT OF THE UNITED STATES AND THE SECRETARY OF STATE OF THE UNITED STATES TO BRING TOGETHER WORLD LEADERS FURTHER PROMOTING WORLD PEACE AND FACILITATING INTERNATIONAL AGREEMENT.2. FOR (I) THE PRESIDENT OF THE UNITED STATES AND THE CABINET, (II) THE UNITED STATES SUPREME COURT, (III) THE LEADERSHIP OF THE UNITED STATES HOUSE OF REPRESENTATIVES OF BOTH THE REPUBLICAN AND DEMOCRATIC PARTIES, AND (IV) THE LEADERSHIP OF THE UNITED STATES SENATE OF BOTH THE REPUBLICAN AND DEMOCRATIC PARTIES, RESPECTIVELY, TO MEET IN ORDER TO FOCUS ON WAYS TO IMPROVE THE FUNCTIONING OF THE THREE BRANCHES OF GOVERNMENT OR OTHER IMPORTANT ISSUES FACING THESE GOVERNMENTAL BODIES.3. FOR LEADERS OF MAJOR SOCIAL INSTITUTIONS, SUCH AS UNIVERSITIES, COLLEGES, PUBLIC SCHOOLS, CHARITIES, GOVERNMENTAL AGENCIES, AND OTHER IMPORTANT PUBLIC BODIES TO MEET FURTHER ADDRESSING AND DETERMINING HOW THESE INSTITUTIONS COULD BETTER SERVE THE PUBLIC AND THE PUBLIC GOOD.4. FOR THE SCHOOLS AND OTHER CHARITABLE OR EDUCATIONAL INSTITUTIONS CREATED OR FUNDED BY THE ANNENBERG FOUNDATION, SUCH AS, BY WAY OF EXAMPLE, THE ANNENBERG SCHOOL FOR COMMUNICATION AT THE UNIVERSITY OF PENNSYLVANIA, THE ANNENBERG SCHOOL FOR COMMUNICATION AT THE UNIVERSITY OF SOUTHERN CALIFORNIA, THE ANNENBERG PUBLIC POLICY CENTER, THE ANNENBERG/CPB PROJECT, AND THE ANNENBERG INSTITUTE FOR SCHOOL REFORM AT BROWN UNIVERSITY, TO CONDUCT PROGRAMS FOCUSING ON THE ADVANCEMENT OF IMPORTANT EDUCATIONAL AND SOCIAL ISSUES.5. TO HOST (I) PROGRAMS OF LEARNED SOCIETIES, I.E., BODIES OF DISTINGUISHED PERSONS, THE HUMANITIES AND SOCIAL SCIENCES, (II) MEETINGS OF LEADERS AND DISTINGUISHED PRACTITIONERS IN EDUCATION, PHILANTHROPY, THE ARTS, AND CULTURE, AND (III) MEETINGS OF LEADERS AND SPECIALISTS IN THE MAJOR MEDICAL AND SCIENTIFIC ASSOCIATIONS AND INSTITUTIONS, RESPECTIVELY, FOR THE PURPOSE OF PROMOTING AND FACILITATING THE EXCHANGE OF IDEAS AMONG LEADERS IN THE FOREGOING FIELDS OF ENDEAVOR AND IN PUBLIC AFFAIRS AND PUBLIC LIFE, SO AS TO PROVIDE THE WIDEST POSSIBLE RANGE OF OPPORTUNITIES FOR HIGH-LEVEL INTERACTION AND COMMUNICATION FOR THE ADVANCEMENT OF SUCH FIELDS OF ENDEAVOR FOR THE COMMON GOOD AND THE PUBLIC INTEREST.6. FOR THE ANNENBERG FOUNDATION TO CONDUCT MEETINGS FOR THE PURPOSE OF FORMULATING POLICIES AND PROGRAMS TO FURTHER ITS CHARITABLE AND OTHER TAX-EXEMPT PURPOSES.7. FOR PUBLIC ACCESS, ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS, TO EDUCATE THE PUBLIC ON THE EDUCATIONAL AND HISTORICAL SIGNIFICANCE OF SUNNYLANDS.IN 2012 WHEN SUNNYLANDS BEGAN HOLDING RETREATS AND MEETINGS, THE BOARD OF TRUSTEES DELINEATED FIVE AREAS OF FOCUS: GLOBAL COOPERATION WITH AN EMPHASIS ON THE GREATER PACIFIC, HEALTH AND SCIENCE, ARTS AND CULTURE, DEMOCRATIC INSTITUTIONS, AND EDUCATION. IN APRIL 2017, WITH THE GOAL OF MAKING A GREATER IMPACT BY NARROWING THE FOCUS, SUNNYLANDS' BOARD OF TRUSTEES APPROVED A STRATEGY TO CONVENE HIGH-LEVEL RETREATS IN THREE IMPORTANT AREAS: GLOBAL COOPERATION WITH AN EMPHASIS ON THE GREATER PACIFIC, DEMOCRATIC INSTITUTIONS, AND GLOBAL HEALTH AND FOOD SECURITY.PART VIII-A, LINE 1: PUBLIC PROGRAMS & EDUCATION AT SUNNYLANDS CENTER & GARDENS:THE SUNNYLANDS CENTER & GARDENS WELCOMED 134,277 VISITORS BETWEEN SEPTEMBER 11, 2024, AND JUNE 1, 2025. THE CENTER CLOSES ANNUALLY DURING SUMMER MONTHS DUE TO EXTREME DESERT HEAT. WHILE THE CENTER & GARDENS WAS OPEN, IT WAS FREE TO THE PUBLIC WEDNESDAYS THROUGH SUNDAYS FROM 8:30 AM TO 4 PM. A VARIETY OF FREE PUBLIC PROGRAMS INCLUDING BIRD WALKS AND TOURS, YOGA, AND TAI CHI, AND OTHER MINDFULNESS PROGRAMS WERE OFFERED ON SITE. AUDIO TOURS, A GARDEN GUIDE WEB APP, AND SELF-GUIDED GARDEN ACTIVITIES WERE ALSO AVAILABLE. PUBLIC EXPERIENCES FOR LARGER GROUPS AT THE CENTER & GARDENS INCLUDED FILMS ON THE GREAT LAWN AND A COACHELLA VALLEY-WIDE PROGRAM CELEBRATING THE DAY OF THE DEAD, ENTITLED CV DAYS OF LOS MUERTOS IN FALL 2024. IN MARCH 2025, WE CELEBRATED OUR LIVE WEEKLY MUSIC SERIES ENTITLED MUSIC IN THE GARDENS. ART WORKSHOPS AND EXPERIENCES ARE HELD THROUGHOUT THE SEASON. A FAMILY DAY CELEBRATING EARTH DAY CALLED IN THE GARDENS WAS HELD IN APRIL. THE CENTER & GARDENS PARTNERED WITH PALM SPRINGS MODERNISM WEEK BY PROVIDING SPECIAL ARCHITECTURE AND DESIGN TOURS FOR BOTH ITS OCTOBER 2024 PREVIEW AND ITS ANNUAL EVENTS IN FEBRUARY 2025. DURING THE SEASON, 30,216 PEOPLE PARTICIPATED IN TOURS OF THE HISTORIC HOUSE AND THE HISTORIC ESTATE. THESE TOURS AND WALKS ARE FACILITATED BY PAID GUIDES. THE TOUR GUIDES WERE PART OF A PAID EDUCATIONAL INTERNSHIP BETWEEN SUNNYLANDS AND LOCAL COLLEGE AND TRADE PROGRAMS WHERE STUDENTS CAN RECEIVE INTERNSHIP CREDIT WHILE ACQUIRING JOB EXPERIENCE AS INTERPRETERS FOR THE PUBLIC.HISTORIC HOUSE TOUR 18,378 VISITORSOPEN AIR TOUR 7,382 VISITORSHISTORIC WALK 4,456 VISITORSOUR FEATURED EXHIBITION WAS CURATING CANOPY: TREES AT SUNNYLANDS. A CATALOG WAS PUBLISHED TO EXTEND THE REACH OF THE EXHIBITION THAT CELEBRATED WALTER AND LEONORE ANNENBERG'S HISTORIC ESTATE, THE VISITORS CENTER AND THE HISTORY OF THE TREES IN THOSE SPACES. THIS WAS A PHOTOGRAPHY EXHIBITION PRODUCED BY PHOTOGRAPHER DAVID LOFTUS. IT WILL REMAIN ON DISPLAY UNTIL JUNE 2027. INFORMATION ON THE ARCHITECTURE, DESIGN, ART, HISTORY, AND ENVIRONMENTAL SUSTAINABILITY AT SUNNYLANDS IS PRESENTED ON GRAPHIC PANELS WITH VIDEO COMPONENTS. OTHER INTERPRETIVE ELEMENTS AT THE CENTER HIGHLIGHT THE HISTORY OF SUNNYLANDS IN A 20-MINUTE FILM (A PLACE CALLED SUNNYLANDS) THAT IS PLAYED EVERY HALF HOUR. A CAFE AND GIFT SHOP ENHANCE THE VISITOR EXPERIENCE. IN ADDITION TO ADVERTISING CAMPAIGNS, SUNNYLANDS ACTIVITIES ARE PUBLICIZED WITH A FREE ELECTRONIC NEWSLETTER, BEHIND THE PINK WALL, WHICH IS SENT MONTHLY WHEN SUNNYLANDS IS OPEN TO 18,036 SUBSCRIBERS. PUBLIC EVENTS ARE POSTED ON THE SUNNYLANDS WEBSITE AS WELL AS ON FACEBOOK AND INSTAGRAM, AND DIGITAL FLYERS ARE SENT TO SCHOOLS TO NOTIFY THEM OF FREE PUBLIC PROGRAMS PROVIDED FOR SCHOOLCHILDREN.PART VIII-A, LINE 2: RETREATS AND OTHER CONVENINGS (2024-2025 SEASON):1) QUANTUM DEVELOPMENT MEETING (JULY 28-30, 2024)FROM JULY 28-30, SUNNYLANDS PARTNERED WITH THE U.S. STATE DEPARTMENT AND NATIONAL SECURITY COUNCIL TO HOST THE QUANTUM DEVELOPMENT GROUP KICK-OFF MEETING. WE CONVENED SENIOR DIPLOMATS AND GOVERNMENT SCIENTISTS FROM NINE COUNTRIES FOR INTENSIVE DISCUSSIONS ON COORDINATING QUANTUM INFORMATION SCIENCE POLICIES.2) U.S.-JAPAN-REPUBLIC OF KOREA TRILATERAL DIALOGUE (SEPTEMBER 6-7, 2024)FROM SEPTEMBER 6-7, 2024, SUNNYLANDS LEADERSHIP PARTICIPATED IN THE SECOND U.S.-JAPAN-REPUBLIC OF KOREA TRILATERAL DIALOGUE IN TOKYO, WHICH CONVENED SENIOR OFFICIALS AND EXPERTS TO ADDRESS REGIONAL SECURITY CHALLENGE. THE MEETING ADVANCED COOPERATION AMONG THE THREE NATIONS AND REINFORCED SUNNYLANDS' ROLE IN FOSTERING DIALOGUE THAT PROMOTES STABILITY AND STRATEGIC ALIGNMENT IN THE INDO-PACIFIC.3) AIM FOR SCALE (SEPTEMBER 9-11, 2024)HELD ON SEPTEMBER 9-11, 2024, IN PARTNERSHIP WITH THE AGRICULTURAL INNOVATION MECHANISM FOR SCALING (AIM FOR SCALE), THIS CONVENING FOCUSED ON BUILDING A GLOBAL PARTNERSHIP TO IMPROVE PRODUCTION AND DISSEMINATION OF FARMER-RELEVANT WEATHER SERVICES, WITH A PARTICULAR FOCUS ON THE NEEDS OF SMALLHOLDER FARMERS. THIS CONVENING ULTIMATELY GENERATED $1 BILLION FROM INTERNATIONAL FINANCIAL INSTITUTIONS AND OTHER DONORS IN COMMITMENTS, WHICH WERE ANNOUNCED AT THE UN'S CLIMATE CONFERENCE (COP29) AND ARE CURRENTLY BEING IMPLEMENTED.4) FOOD FINANCE DINNER (SEPTEMBER 23, 2024)HOSTED IN PARTNERSHIP WITH FOOD SYSTEMS FOR THE FUTURE, THIS DINNER, WHICH INCLUDED SENIOR LEADERS IN AGRICULTURE, FINANCE, AND FOOD SYSTEMS, CONTINUED AN ONGOING SERIES OF DISCUSSIONS FOCUSED ON UNLOCKING PRIVATE FINANCE TO TRANSFORM GLOBAL AGRI-FOOD SYSTEMS. 5) PROPONENT LABS (DECEMBER 4-5, 2024)ON DECEMBER 4-5, 2024, SUNNYLANDS HOSTED THE GATES FOUNDATION AND OTHER PHILANTHROPISTS TO DISCUSS PROMISING SOLUTIONS TO KEY GLOBAL HEALTH AND DEVELOPMENT ISSUES.6) INDO-PACIFIC SECURITY DIALOGUE (DECEMBER 8-10, 2024)IN DECEMBER 2024, SUNNYLANDS CO-HOSTED ITS 4TH INDO-PACIFIC SECURITY DIALOGUE (IPSD) WITH THE HOOVER INSTITUTION AT STANFORD UNIVERSITY. THIS EVENT HELD THIS YEAR AT THE HOOVER BROUGHT TOGETHER SENIOR LEADERS AND SCHOLARS TO STRENGTHEN U.S. COLLABORATION WITH ALLIES AND THE PRIVATE SECTOR ON TECHNOLOGY AND THE DEFENSE INDUSTRIAL BASE. 7) DISRUPTIVE GEOPOLITICAL IMPLICATIONS OF ARTIFICIAL INTELLIGENCE (DECEMBER 12-14, 2024)FROM DECEMBER 12-14, 2024, SUNNYLANDS PARTNERED WITH RAND, A NON-PARTISAN RESEARCH ORGANIZATION WITH EXTENSIVE EXPERTISE ON NATIONAL SECURITY CHALLENGES, TO HOST A RETREAT THAT EXPLORED THE POTENTIALLY DISRUPTIVE GEOPOLITICAL IMPLICATIONS OF ARTIFICIAL INTELLIGENCE.THIS DIALOGUE CONVENED A BIPARTISAN GROUP OF SENIOR NATIONAL SECURITY OFFICIALS, TOP TECHNOLOGY EXECUTIVES FROM LARGE AND SMALL AI ORGANIZATIONS, AND LEADERS FROM ACADEMIA AND THINK TANKS TO EXAMINE AI'S POTENTIAL IMPACT ON NATIONAL AND GLOBAL SECURITY.8) LEADING AMERICA'S RENEWAL THROUGH ENTREPRENEURSHIP (JANUARY 30-FEBRUARY 1, 2025)IN PARTNERSHIP WITH RIGHT TO START, A NONPROFIT DEDICATED TO EXPANDING ENTREPRENEURIAL OPPORTUNI

TY 2024 InvestmentsCorpStockSchedule
Name:
THE ANNENBERG FOUNDATION TRUST AT
 
SUNNYLANDS
EIN:
25-6774871
Name of Stock End of Year Book Value End of Year Fair Market Value
INVESTMENTS - CORPORATE STOCK 288,395,700 288,395,700

TY 2024 InvestmentsOtherSchedule2
Name:
THE ANNENBERG FOUNDATION TRUST AT
 
SUNNYLANDS
EIN:
25-6774871
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ALTERNATIVE INVESTMENTS FMV 200,852,743 200,852,743

TY 2024 LandEtcSchedule2
Name:
THE ANNENBERG FOUNDATION TRUST AT
 
SUNNYLANDS
EIN:
25-6774871
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 67,315,000 0 67,315,000  
BUILDING AND IMPROVEMENTS 102,844,569 50,020,650 52,823,919  
FURNITURE AND EQUIPMENT 11,873,812 8,921,805 2,952,007  
LEASEHOLD IMPROVEMENTS 985 985 0  
CONSTRUCTION IN PROGRESS 8,376,163 0 8,376,163  


TY 2024 LegalFeesSchedule
Name:
THE ANNENBERG FOUNDATION TRUST AT
 
SUNNYLANDS
EIN:
25-6774871
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL SERVICES (GENERAL & TRUST LAW) 504,137 0 0 533,920


TY 2024 OtherAssetsSchedule
Name:
THE ANNENBERG FOUNDATION TRUST AT
 
SUNNYLANDS
EIN:
25-6774871
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INTEREST AND DIVIDENDS 374,169 265,073 265,073
COPYRIGHTS & TRADEMARKS 70,930 68,083 68,083
RIGHT-OF-USE ASSET (EQUIPMT) 56,540 132,182 132,182


TY 2024 OtherExpensesSchedule
Name:
THE ANNENBERG FOUNDATION TRUST AT
 
SUNNYLANDS
EIN:
25-6774871
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TEMPORARY HELP 22,949 0 0 22,949
STATIONARY, SUPP & POSTAGE 117,019 0 47,134 69,885
RESTORATION/CONSERVATION 30,665 0 0 30,665
REPAIRS & MAINTENANCE 290,008 0 0 341,706
RENTALS FOR PROGRAM/OTHER 34,110 0 0 34,110
RECRUITING 1,381 0 0 1,381
PROGRAM & SPECIAL EVENTS 1,064,708 24,163 24,163 1,381,082
PAYROLL/HR SERVICES 48,187 0 0 48,187
MEMBERSHIPS & SUBSCRIPTIONS 48,687 0 0 48,687
LICENSES & PERMITS 6,307 0 0 6,307
INSURANCE 664,862 0 0 664,862
GENERAL & ADMIN MISC 116,442 0 65,608 50,828
EQUIPMENT 134,592 0 0 134,592
EDUCATION/TRAINING 35,119 0 0 35,119
COMPUTER EQPT & SOFTWARE 101,927 0 0 101,927
BANKING FEES 16,058 0 0 16,058
ADVERTISING & PROMOTION 113,905 0 0 113,905
ACQUISITIONS-COLLECTIONS 885 0 0 885


TY 2024 OtherIncomeSchedule2
Name:
THE ANNENBERG FOUNDATION TRUST AT
 
SUNNYLANDS
EIN:
25-6774871
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
LIMITED PARTNERSHIPS (OTHER INC/DED) 0 5,642,598 5,642,598
DIRECT FOREIGN INV #1 34,784 119,638 119,638
DIRECT FOREIGN INV #2 33,863 612,494 612,494
DIRECT FOREIGN INV #3 164,500 164,500 164,500
TOURS, EDUC PROGRAMS 1,370,037   1,370,037
GIFT SHOP & CAFE SALES 0 0 0
ROYALTIES 1,037 1,037 1,037
NET FED/STATE INC TAX BENEFIT 26,362   0
CLASS ACTION SETTLEMENTS 69,627 69,627 69,627


TY 2024 OtherIncreasesSchedule
Name:
THE ANNENBERG FOUNDATION TRUST AT
 
SUNNYLANDS
EIN:
25-6774871
Description Amount
NET UNREALIZED GAIN 26,797,450


TY 2024 OtherLiabilitiesSchedule
Name:
THE ANNENBERG FOUNDATION TRUST AT
 
SUNNYLANDS
EIN:
25-6774871
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED EXCISE TAX LIABILITY 1,020,010 1,392,488
ADMIN SVS AGRMT LIAB 20,101 7,390
EQUIPMENT LEASE LIABILITY 56,540 121,299
FEDERAL EXCISE TAX PAYABLE 0 153,326
INVESTMENT RELATED PAYABLES 0 542,461


TY 2024 OtherProfessionalFeesSchedule
Name:
THE ANNENBERG FOUNDATION TRUST AT
 
SUNNYLANDS
EIN:
25-6774871
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT 1,576,002 1,576,002 1,576,002 0
IT & SECURITY CONSULTANTS 306,753 0 0 306,753
CONSULTANTS/PRGM MGMT SVCS 248,088 0 0 248,088


TY 2024 SalesOfInventoryList 
Name:
THE ANNENBERG FOUNDATION TRUST AT
 
SUNNYLANDS
EIN:
25-6774871

Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
Cost of Goods Sold)
CAFE SALES      
GIFT STORE SALES      

TY 2024 TaxesSchedule
Name:
THE ANNENBERG FOUNDATION TRUST AT
 
SUNNYLANDS
EIN:
25-6774871
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 14,843 738,638 14,843 0
SALES AND USE TAX 579 0 0 865
CEMETERY ENDOWMENT TAX 800 0 0 0
PERSONAL PROPERTY TAXES 46 0 0 46
REAL ESTATE TAXES 422,601 0 0 422,601
OTHER TAXES 2,483 0 0 2,483
CURRENT/DEFERRED EXCISE TAXES 981,223 0 0 520,000