Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 10-01-2024 , and ending 09-30-2025
Name of foundation
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
 
% JANET L MULLIGAN
Number and street (or P.O. box number if mail is not delivered to street address)360 MADISON AVE FLOOR 7
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10017
A Employer identification number

13-6028788
B Telephone number (see instructions)

(212) 583-1100
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$429,915,546J Accounting method:
MODIFIED CASH
(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) 242,773,037
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 3,494,004 3,494,004  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 82,898,472
b Gross sales price for all assets on line 6a 218,846,132
7 Capital gain net income (from Part IV, line 2)... 82,898,472
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
26,552 -588  
12 Total. Add lines 1 through 11........ 329,192,065 86,391,888  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 331,781     331,781
14 Other employee salaries and wages...... 368,933     368,933
15 Pension plans, employee benefits....... 224,971     224,971
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
101,335 0 0 101,335
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
53,077 26,539 0 26,538
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
567,382 429,633   137,749
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
42,359 359    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
66,397    
20 Occupancy.............. 436,058     436,058
21 Travel, conferences, and meetings....... 243,448     243,448
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
130,065 15,245   114,820
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,565,806 471,776 0 1,985,633
25 Contributions, gifts, grants paid....... 16,857,159 16,857,159
26 Total expenses and disbursements. Add lines 24 and 25 19,422,965 471,776 0 18,842,792
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 309,769,100
b Net investment income (if negative, enter -0-) 85,920,112
c Adjusted net income (if negative, enter -0-)... 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............. 309,707 87,927 87,927
2 Savings and temporary cash investments......... 220,196 124,630 124,630
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 633,257 Click to see attachment
List of Attached Documents:
// Content
108,870 		109,294
b Investments—corporate stock (attach schedule).......      
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).......... 117,836,203 Click to see attachment
List of Attached Documents:
// Content
347,199,445 		428,964,304
14 Land, buildings, and equipment: basis right arrow1,136,714
Less: accumulated depreciation (attach schedule) right arrow687,494 515,617 Click to see attachment
List of Attached Documents:
// Content
449,220 		450,790
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
187,550 		Click to see attachment
List of Attached Documents:
// Content
178,601 		Click to see attachment
List of Attached Documents:
// Content
178,601
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 119,702,530 348,148,693 429,915,546
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 119,702,530 348,148,693
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)..... 119,702,530 348,148,693
30 Total liabilities and net assets/fund balances (see instructions). 119,702,530 348,148,693
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
119,702,530
2
Enter amount from Part I, line 27a .....................
2
309,769,100
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
17
4
Add lines 1, 2, and 3 ..........................
4
429,471,647
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
81,322,954
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
348,148,693
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a SHORT-TERM CAPITAL GAIN THRU PASS-THRU ENTITIES P    
b LONG-TERM CAPITAL GAIN THRU PASS-THRU ENTITIES P    
c PUBLICLY TRADED SECURITIES P    
d PUBLICLY TRADED SECURITIES P    
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     964 -964
b 150,320     150,320
c 20,815,955   18,647,225 2,168,730
d 197,879,857   117,299,471 80,580,386
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       -964
b       150,320
c       2,168,730
d       80,580,386
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 82,898,472
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 1,194,290
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  
3 Add lines 1 and 2........................... 3 1,194,290
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,194,290
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 33,542
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,368,103
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,401,645
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 2,207,355
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow450,000 Refundedright arrow 11 1,757,355
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
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 arrowNY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See 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 arrowJANET L MULLIGAN Telephone no.right arrow (583) 110-0234

Located atright arrow360 MADISON AVE FLOOR 7NEW YORKNY ZIP+4right arrow10017
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)
Yes
 
(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
 
No
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
ANDREW KLINGENSTEIN TRUSTEE, CEO
5.0 		0 0 0
360 MADISON AVE FLOOR 7
NEW YORK,NY10017
NANCY K SIMPKINS VICE PRESIDENT
5.0 		0 0 0
360 MADISON AVE FLOOR 7
NEW YORK,NY10017
SARAH K MARTELL SECRETARY, TRUSTEE
0.5 		0 0 0
360 MADISON AVE FLOOR 7
NEW YORK,NY10017
JULIE KLINGENSTEIN TRUSTEE
5.0 		0 0 0
360 MADISON AVE FLOOR 7
NEW YORK,NY10017
ALAN KLINGENSTEIN TREASURER
0.5 		0 0 0
360 MADISON AVE FLOOR 7
NEW YORK,NY10017
EMMA BROWNSTEIN TRUSTEE
2.0 		0 0 0
360 MADISON AVE FLOOR 7
NEW YORK,NY10017
ELIOT BRENNER EXECUTIVE DIRECTOR, TRUSTEE
30.0 		331,781 69,827 0
360 MADISON AVE FLOOR 7
NEW YORK,NY10017
ALEXANDRA D KLINGENSTEIN TRUSTEE
0.5 		0 0 0
360 MADISON AVE FLOOR 7
NEW YORK,NY10017
GREG BROWNSTEIN TRUSTEE
0.5 		0 0 0
360 MADISON AVE FLOOR 7
NEW YORK,NY10017
ZACHARY TOAL TRUSTEE
0.5 		0 0 0
360 MADISON AVE FLOOR 7
NEW YORK,NY10017
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
KATHLEEN POMERANTZ DIRECTOR
0 		154,770 13,495  
360 MADISON AVE FLOOR 7
NEW YORK,NY10017
JAY ANDREWS PROGRAM OFFICER
0 		156,132 13,346  
360 MADISON AVE FLOOR 7
NEW YORK,NY10017
JINMO KOO PROGRAM ASSISTANT
0 		58,032 4,968  
360 MADISON AVE FLOOR 7
NEW YORK,NY10017
Total number of other employees paid over $50,000...................right arrow  
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
COHEN KLINGENSTEIN LLC INV ADVISORY FEES 429,633
1410 BROADWAY STE 1701
NEW YORK,NY10018
Total number of others receiving over $50,000 for professional services.............right arrow  
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 arrow  
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
377,627,957
b
Average of monthly cash balances.......................
1b
1,241,260
c
Fair market value of all other assets (see instructions)................
1c
2,281,769
d
Total (add lines 1a, b, and c).........................
1d
381,150,986
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
381,150,986
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
5,717,265
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
375,433,721
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
18,771,686
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
18,771,686
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
1,194,290
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,194,290
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
17,577,396
4
Recoveries of amounts treated as qualifying distributions................
4
255
5
Add lines 3 and 4............................
5
17,577,651
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
17,577,651
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
18,842,792
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
18,842,792
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 17,577,651
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 6,430,715
b Total for prior years:2022, 2021, 2020  
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$ 18,842,792
a Applied to 2023, but not more than line 2a 6,430,715
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..... 12,412,077
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		5,165,574
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 ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024.... 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

YALE UNIVERSITY

PO BOX 1873
NEW HAVEN,CT065081873 		NONE PC NEUROSCIENCE 600,000

REGENTS OF THE UNIVERSITY OF CA SAN DIEGO

9500 GILMAN DRIVE
MC-0954
LA JOLLA,CA920930954 		NONE PC NEUROSCIENCE 150,000

THE TRUSTEES OF PRINCETON UNIVERSITY

701 CARNEGIE CENTER
PRINCETON,NJ08540 		NONE PC NEUROSCIENCE 150,000

THE REGENTS OF THE UNIVERSITY OF CA SAN FRANCISCO

PO BOX 748872
LOS ANGELES,CA900744872 		NONE PC NEUROSCIENCE 600,000

CORNELL UNIVERSITY

PO BOX 22
SPONSORED FINANCIAL SERVICES
ITHACA,NY148510022 		NONE PC NEUROSCIENCE 150,000

WASHINGTON UNIVERSITY IN SAINT LOUIS

CURRENT FUNDS
ST LOUIS,MO63112 		NONE PC NEUROSCIENCE 300,000

STOWERS INSTITUTE FOR MEDICAL RESEARCH

1000 EAST 50TH STREET
KANSAS CITY,MO64110 		NONE PC NEUROSCIENCE 150,000

TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NY

OFFICE OF THE CONTROLLER SPONSORED
615 WEST 131 ST
NEW YORK,NY10027 		NONE PC NEUROSCIENCE 350,000

PRESIDENT AND FELLOWS OF HARVARD COLLEGE (OSP)

1033 MASSACHUSETTS AVE
CAMBRIDGE,MA02138 		NONE PC NEUROSCIENCE 450,000

INDIANA UNIVERSITY

501 NORTH MORTON STREET SUITE 109
BLOOMINGTON,IN47404 		NONE PC NEUROSCIENCE 150,000

UT SOUTHWESTERN MEDICAL CENTER

5323 HARRY HINES BLVD
MC 8850
DALLAS,TX753910888 		NONE PC NEUROSCIENCE 300,000

UNIVERSITY OF UTAH GRANTS CONTRACTS

201 S 1460 EAST RM 406
SALT LAKE CITY,UT84112 		NONE PC NUEROSCIENCE 150,000

MASSACHUSETTS INSTITUTE OF TECHNOLOGY

77 MASSACHUSETTS AVE W98-308
CAMBRIDGE,MA02139 		NONE PC NEUROSCIENCE 300,000

CHILDREN'S HOSPITAL CORPORATION GRANT MANAGEMENT

300 LONGWOOD AVE
BCH 3158 OFFICE OF SPONSORED PROGRA
BOSTON,MA02115 		NONE PC NEUROSCIENCE 150,000

UNIVERSITY OF WASHINGTON GRANT AND CONTRACT

12455 COLLECTIONS DRIVE
CHICAGO,IL60693 		NONE PC NEUROSCIENCE 150,000

UNIVERSITY OF FLORIDA

SUITE 1250 EAST CAMPUS OFFICE BUILD
PO BOX 113201
GAINESVILLE,FL32611 		NONE PC NEUROSCIENCE 150,000

ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI

1 GUSTAVE LEVY PLACE
SPONSORED PROJECTS FINANCE
NEW YORK,NY10029 		NONE PC NEUROSCIENCE 150,000

COLD SPRING HARBOR LABORATORY

1 BUNGTOWN ROAD
COLD SPRING HARBOR,NY11724 		NONE PC NEUROSCIENCE 150,000

UNIVERSITY OF OREGON

PO BOX 3237
EUGENE,OR974030237 		NONE PC NEUROSCIENCE 50,000

NEW YORK UNIVERSITY (SPONSORED PROGRAMS ADMIN)

105 EAST 17TH STREET FLOOR 4
SPONSORED PROGRAMS ADMINISTRATION
NEW YORK,NY10003 		NONE PC NEUROSCIENCE 300,000

STANFORD UNIVERSITY-OSR

485 BROADWAY
REDWOOD CITY,CA94063 		NONE PC NEUROSCIENCE 150,000

VANDERBILT UNIVERSITY

2301 VANDERBILT PLACE
NASHVILLE,TN37240 		NONE PC NEUROSCIENCE 150,000

TRUSTEES OF BOSTON UNIVERSITY

PO BOX 28763
NEW YORK,NY100878763 		NONE PC NEUROSCIENCE 75,000

UNIVERSITY OF CALIFORNIA BERKELEY

204 STANLEY HALL 3220
BERKELEY,CA94720 		NONE PC NEUROSCIENCE 75,000

MAX PLANCK FLORIDA CORPORATION

ONE MAX PLANCK WAY
JUPITER,FL334585293 		NONE PC NEUROSCIENCE 150,000

UNIVERSITY OF MICHIGAN

1000 VICTORS WAY SUITE 1A
ANN ARBOR,MI481082744 		NONE PC NEUROSCIENCE 150,000

DANA-FARBER CANCER INSTITUTE INC

450 BROOKLINE AVENUE
BOSTON,MA02215 		NONE PC NEUROSCIENCE 150,000

UNIVERSITY OF COLORADO

13001 EAST 17TH PLACE
AURORA,CO80045 		NONE PC NEUROSCIENCE 300,000

ALLEN INSTITUTE

615 WESTLAKE AVENUE NORTH
SEATTLE,WA98109 		NONE PC NEUROSCIENCE 150,000

THE LENFEST INSTITUTE FOR JOURNALISM LLC

100 SOUTH INDEPENDENCE MALL WEST
PHILADELPHIA,PA19106 		NONE PC NON-PROFIT REPORTING 500,000

NEW YORK UNIVERSITY (SPONSORED PROGRAMS ADMIN)

105 EAST 17TH STREET FLOOR 4
SPONSORED PROGRAMS ADMINISTRATION
NEW YORK,NY10003 		NONE PC ENVIRONMENT 100,000

SMART SURFACES COALITION

1712 CONNETICUT AVE NW FLOOR 2
WASHINGTON,DC20009 		NONE PC ENVIRONMENT 200,000

TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NY

615 W 131ST ST MAIL CODE 8749
NEW YORK,NY10027 		NONE PC ENVIRONMENT 200,000

INTERSTATE RENEWABLE ENERGY COUNCIL

125 WOLF ROAD SUITE 100
COLONIE,NY12205 		NONE PC ENVIRONMENT 150,000

INSTITUTE FOR MARKET TRANSFORMATION

1707 L STREET NW
WASHINGTON,DC20036 		NONE PC ENVIRONMENT 200,000

GEORGETOWN UNIVERSITY

3700 O STREET NORTHWEST
WASHINGTON,DC20057 		NONE PC ENVIRONMENT 200,000

THE FUNDERS NETWORK

2000 PONCE DE LEON BLVD SUITE 500
CORAL GABLES,FL33134 		NONE PC ENVIRONMENT 10,000

CONSULTATIVE GROUP ON BIOLOGICAL DIVERSITY

PO BOX 29361
SAN FRANCISCO,CA94129 		NONE PC ENVIRONMENT 8,600

GRID LAB

2150 ALLSTON WAY SUITE 240
BERKELEY,CA94704 		NONE PC ENVIRONMENT 150,000

EARTHJUSTICE

50 CALIFORNIA ST SUITE 500
SAN FRANCISCO,CA94111 		NONE PC ENVIRONMENT 200,000

AMERICAN COUNCIL FOR AN ENERGY EFFICIENT ECONOMY

529 14TH STREET NORTHWEST SUITE 600
WASHINGTON,DC20045 		NONE PC ENVIRONMENT 150,000

RESOURCES LEGACY FUND

400 CAPITAL MALL SUITE 2150
SACRAMENTO,CA95814 		NONE PC ENVIRONMENT 100,000

ENVIRONMENTAL LAW & POLICY CENTER

35 EAST WACKER DRIVE SUITE 1600
CHICAGO,IL60601 		NONE PC ENVIRONMENT 150,000

BUILDING DECARBONIZATION COALITION

116 FRONT STREET
PO BOX 642
LEWES,DE19958 		NONE PC ENVIRONMENT 150,000

CENTER FOR RURAL AFFAIRS

145 N MAIN STREET
LYONS,NE68038 		NONE PC ENVIRONMENT 150,000

ROCKY MOUNTAIN INSTITUTE

2490 JUNCTION PLACE SUITE 200
BOULDER,CO80301 		NONE PC ENVIRONMENT 150,000

ENVIRONMENTAL LAW INSTITUTE

1730 M STREET NORTHWEST
WASHINGTON,DC20036 		NONE PC ENVIRONMENT 200,000

CONSERVATION LAW FOUNDATION INC

62 SUMMER STREET
BOSTON,MA02110 		NONE PC ENVIRONMENT 150,000

NEW BUILDINGS INSTITUTE INC

151 SW 1ST AVE SUITE 300
PORTLAND,OR972043558 		NONE PC ENVIRONMENT 150,000

THE GREAT PLAINS INSTITUTE FOR SUSTAINABLE DEV

2801 21ST AVE SOUTH
MINNEAPOLIS,MN55407 		NONE PC ENVIRONMENT 175,000

SOUTHERN ENVIRONMENTAL LAW CENTER

120 GARRETT STREET SUITE 400
CHARLOTTESVILLE,VA22902 		NONE PC ENVIRONMENT 150,000

NATIONAL WILDLIFE FEDERATION

11100 WILDLIFE CENTER DRIVE
RESTON,VA20190 		NONE PC ENVIRONMENT 100,000

ANACOSTIA WATERSHED SOCIETY INC

4302 BALTIMORE AVE
THE GEORGE WASHINTON HOUSE
BLADENBURG,MD20710 		NONE PC ENVIRONMENT 215,460

SUSTAINABLE AGRICULTURE & FOOD SYSTEMS FUNDERS

133 EAST DE LA GUERRA 306
SANTA BARBARA,CA93101 		NONE PC ENVIRONMENT 6,050

WORLD ARTS FOCUS

3309 BUNKER HILL ROAD
MOUNT RAINIER,MD20712 		NONE PC ENVIRONMENT 100,000

NEIGHBORHOOD DESIGN CENTER

120 W NORTH AVE 306
BALTIMORE,MD21201 		NONE PC ENVIRONMENT 105,000

CHESAPEAKE BAY FOUNDATION

6 HERNDON AVENUE
ANNAPOLIS,MD21403 		NONE PC ENVIRONMENT 100,000

2020 MOM

5101 SANTA MONICA BOULEVARD SUITE 8
LOS ANGELES,CA90029 		NONE PC EARLY CHILDHOOD PROGRAMS 82,119

STANFORD UNIVERSITY - OSR

420 MONTGOMERY STREET
STANFORD,CA94104 		NONE PC EARLY CHILDHOOD PROGRAMS 200,000

BANK STREET COLLEGE OF EDUCATION

610 WEST 112TH STREET
NEW YORK,NY10025 		NONE PC EARLY CHILDHOOD PROGRAMS 100,000

ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI

ONE GUSTAVE L LEVY PLACE
BOX 1049
NEW YORK,NY10029 		NONE PC EARLY CHILDHOOD PROGRAMS 150,000

LENA FOUNDATION

361 CENTENNIAL PKWY SUITE 100
LOUSVILLE,CO80027 		NONE PC EARLY CHILDHOOD PROGRAMS 250,000

APPLETREE INSTITUTE FOR EDUCATION INNOVATION

1801 MISSISSIPPI AVE SOUTHEAST
WASHINGTON,DC20032 		NONE PC EARLY CHILDHOOD PROGRAMS 100,000

MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT RSO)

77 MASSACHUSETTS AVE
CAMBRIDGE,MA02139 		NONE PC EARLY CHILDHOOD PROGRAMS 200,000

FAMILY CONNECTS INTERNATIONAL

3710 UNIVERSITY DRIVE SUITE 310
DURHAM,NC27707 		NONE PC EARLY CHILDHOOD PROGRAMS 150,000

BIPARTISAN POLICY CENTER

1225 EYE STREET NW SUITE 1000
WASHINGTON,DC20005 		NONE PC EARLY CHILDHOOD POLICY/ADVOCACY 350,000

MAINEAEYC

295 WATER STREET SUITE 10
AUGUSTA,ME043304659 		NONE PC EARLY CHILDHOOD POLICY/ADVOCACY 50,000

CAPITA SOCIAL INC

PO BOX 2734
BLOWING ROCK,NC28605 		NONE PC EARLY CHILDHOOD POLICY/ADVOCACY 100,000

MATERNAL MENTAL HEALTH LEADERSHIP ALLIANCE

3068 NORTH QUINCY STREET
ARLINGTON,VA22207 		NONE PC EARLY CHILDHOOD POLICY/ADVOCACY 100,000

AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC

125 BROAD STREET FLOOR 18
NEW YORK,NY10004 		NONE PC EARLY CHILDHOOD POLICY/ADVOCACY 250,000

VANDERBILT UNIVERSITY

2301 VANDERBILT PLACE
NASHVILLE,TN37240 		NONE PC EARLY CHILDHOOD POLICY/ADVOCACY 200,000

CHAMBER OF MOTHERS INC

60 FADEM ROAD
SPRINGFIELD,NJ07081 		NONE PC EARLY CHILDHOOD POLICY/ADVOCACY 50,000

THE NISKANEN CENTER INC

1201 NEW YORK AVE NW 200B
WASHINGTON,DC20005 		NONE PC EARLY CHILDHOOD POLICY/ADVOCACY 200,000

HEALTH FEDERATION OF PHILADELPHIA

123 S BROAD STREET
PHILADELPHIA,PA19109 		NONE PC EARLY CHILDHOOD POLICY/ADVOCACY 400,000

PRESIDENT AND FELLOWS OF HARVARD COLLEGE (OSP)

1033 MASSACHUSETTS AVE
CAMBRIDGE,MA02138 		NONE PC EARLY CHILDHOOD POLICY/ADVOCACY 200,000

UNITED WAY OF SOUTHERN MAINE

550 FOREST AVE SUITE 100
PORTLAND,ME04101 		NONE PC EARLY CHILDHOOD FUNDING MODELS 3,000

TSNE MISSIONWORKS

89 SOUTH STREET SUITE 700
BOSTON,MA02111 		NONE PC EARLY CHILDHOOD FUNDING MODELS 10,500

CONNECTICUT COUNCIL FOR PHILANTHROPY

75 CARTER OAK AVENUE
HARTFORD,CT06106 		NONE PC EARLY CHILDHOOD FUNDING MODELS 7,500

MATHEMATICA INC

600 ALEXANDER PARK DRIVE
PRINCETON,NJ08540 		NONE PC EARLY CHILDHOOD FUNDING MODELS 150,000

WISCONSIN EARLY CHILDHOOD ASSOCIATION INC

2908 MARKETPLACE DR STE 101
290
FITCHBURG,WI53719 		NONE PC EARLY CHILDHOOD FUNDING MODELS 115,000

INSTITUTE FOR MEDICAL INNOVATION

1250 CONNECTICUT AVE NORTHWEST
SUITE 700PMB 5135
WASHINGTON,DC20036 		NONE PC EARLY CHILDHOOD FUNDING MODELS 100,000

REACH OUT AND READ INC

89 SOUTH STREET SUITE 201
BOSTON,MA021112678 		NONE PC EARLY CHILDHOOD FUNDING MODELS 125,000

CHILD CARE AWARE OF AMERICA

1515 NORTH COURTHOUSE ROAD FLOOR 3
ARLINGTON,VA22201 		NONE PC EARLY CHILDHOOD FUNDING MODELS 200,000

NEW YORK UNIVERSITY NYULMC RESEARCH ACCOUNT

PO BOX 415026
NYU SCHOOL OF MEDECINE-SPONSORED PR
BOSTON,MA02241 		NONE PC EARLY CHILDHOOD FUNDING MODELS 200,000

ZERO TO THREE

2455 M STREET NW SUITE 600
WASHINGTON,DC200371125 		NONE PC EARLY CHILDHOOD FUNDING MODELS 150,000

HEALTH FEDERATION OF PHILADELPHIA

123 S BROAD STREET
PHILADELPHIA,PA19109 		NONE PC EARLY CHILDHOOD FUNDING MODELS 50,000

RELAY GRADUATE SCHOOL OF EDUCATION

25 BROADWAY FLOOR 3
NEW YORK,NY10004 		NONE PC EARLY LITERACY GRANTS 381,000

THE READING LEAGUE INC

103 WYOMING STREET FLOOR 2
SYRACUSE,NY13204 		NONE PC EARLY LITERACY GRANTS 269,500

EDUCATION TRUST INC

1501 K STREET NW
SUITE 200
WASHINGTON,DC20005 		NONE PC EARLY LITERACY GRANTS 75,000

DC EDUCATION FUND

3407 14TH STREET NORTHWEST
WASHINGTON,DC20010 		NONE PC EARLY LITERACY GRANTS 200,000

MINNESOTA PUBLIC RADIO

480 CEDAR STREET
SAINT PAUL,MN55101 		NONE PC EARLY LITERACY GRANTS 200,000

THE ACADEMY AT MANAYUNK DBA AIM ACADEMY

1200 RIVER ROAD
CONSHOHOCKEN,PA19428 		NONE PC EARLY LITERACY GRANTS 250,000

EDUCATE MAINE

482 CONGRESS STREET
SUITE 303
PORTLAND,ME04101 		NONE PC EARLY LITERACY GRANTS 100,000

NATIONAL COUNCIL ON TEACHER QUALITY INC

1032 15TH ST NW SUITE 242
WASHINGTON,DC20005 		NONE PC EARLY LITERACY GRANTS 250,000

BOARD OF TRUSTEES OF THE LEELAND STANFORD JUNIOR U

300 PASTEUR DR
STANFORD,CA94305 		NONE PC EARLY LITERACY GRANTS 250,000

FOUNDATION FOR EXCELLENCE IN EDUCATION INC

215 SOUTH MONROE STREET
SUITE 710
TALLAHASSEE,FL32301 		NONE PC EARLY LITERACY GRANTS 150,000

ASSOCIATION OF SMALL FOUNDATIONS DBA EXPONENT

1720 N ST NW FLOOR 4
WASHINGTON,DC20036 		NONE PC OTHER 830

CANDID

PO BOX 22799
NEW YORK,NY100872799 		NONE PC OTHER 2,000

PHILANTHROPY NEW YORK

320 EAST 43RD ST
NEW YORK,NY10017 		NONE PC OTHER 15,600
Total .................................right arrow 3a 16,857,159
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 3,494,004  
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 82,898,472  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aORDINARY INCOME (LOSS) THRU PASS-THRU ENTITY 		    01 -588  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   86,391,888  
13Total. Add line 12, columns (b), (d), and (e)..................
13
86,391,888
(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
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
 
Employer identification number

13-6028788
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


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

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
  		Employer identification number
13-6028788
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
JOHN PATRICIA KLINGENSTEIN FUND
360 MADISON AVE FLOOR 7
 
NEW YORK, NY10017

$ 48,134,326


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
ESTATE OF PATRICIA KLINGENSTEIN
360 MADISON AVE FLOOR 7
 
NEW YORK, NY10017

$ 194,638,711


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
  		Employer identification number

13-6028788
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 SPDR S&P 500 ETF TR TR UNIT CLOSED END SBI/CBI ETF $ 27,463,347 2024-12-30
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 VANGUARD INDEX FDS SML CP GRW ETF CLOSED END SBI/CBI ETF $ 11,723,439 2024-12-30
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 PORTFOLIO OF PUBLICLY TRADED SECURITIES $ 194,638,711 2024-10-08
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
  		Employer identification number

13-6028788
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
EIN:
13-6028788
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BOOKKEEPING FEES 36,157 18,079   18,078
TAX PREPARATION FEE 16,920 8,460   8,460

TY 2024 ContractorCompensationExpln
Name:
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
EIN:
13-6028788
Contractor Explanation
COHEN KLINGENSTEIN LLC COHEN KLINGENSTEIN LLC PROVIDES INVESTMENT ADVISORY SERVICES RELATING TO THE FOUNDATION'S BROKERAGE ACCOUNT.

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

TY 2024 DepreciationSchedule
Name:
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
EIN:
13-6028788
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
LEASEHOLD 2018-10-31 2,819 1,112 SL 15 188      
LEASEHOLD 2019-01-15 12,247 4,692 SL 15 816      
LEASEHOLD 2019-03-12 33,392 12,429 SL 15 2,226      
LEASEHOLD 2019-04-17 19,114 6,901 SL 15 1,274      
LEASEHOLD 2019-05-07 20,513 7,410 SL 15 1,368      
LEASEHOLD 2019-06-10 7,375 2,624 SL 15 492      
LEASEHOLD 2019-07-01 46,058 16,123 SL 15 3,071      
LEASEHOLD 2019-08-22 136,616 46,299 SL 15 9,108      
LEASEHOLD 2019-10-28 16,054 5,261 SL 15 1,070      
LEASEHOLD 2019-11-01 158,163 51,842 SL 15 10,544      
LEASEHOLD 2019-12-31 5,008 1,586 SL 15 334      
LEASEHOLD 2020-01-15 73,005 23,118 SL 15 4,867      
LEASEHOLD 2020-02-11 22,631 7,042 SL 15 1,509      
LEASEHOLD 2020-03-02 7,457 2,278 SL 15 497      
LEASEHOLD 2020-04-06 29,583 8,874 SL 15 1,972      
LEASEHOLD 2020-06-09 31,424 9,078 SL 15 2,095      
LEASEHOLD 2020-09-16 536 144 SL 15 36      
LEASEHOLD 2020-05-11 4,409 1,298 SL 15 294      
LEASEHOLD 2020-03-09 16,867 5,152 SL 15 1,124      
FURNITURE & EQUIP 2020-03-10 74,993 70,674 M5   4,319      
FURNITURE & EQUIP 2019-10-21 2,169 2,169 M5 3        
FURNITURE & EQUIP 2019-10-24 775 730 M5   45      
FURNITURE & EQUIP 2019-11-07 3,639 3,429 M5   210      
FURNITURE & EQUIP 2019-11-27 14,174 13,358 M5   816      
FURNITURE & EQUIP 2019-12-13 81,767 77,057 M5   4,710      
FURNITURE & EQUIP 2020-01-10 4,743 4,470 M5   273      
FURNITURE & EQUIP 2020-03-31 5,175 4,877 M5   298      
FURNITURE & EQUIP 2020-06-01 133,956 126,241 M5   7,715      
FURNITURE & EQUIP 2020-08-27 1,500 1,414 M5   86      
LEASEHOLD 2021-03-01 47,665 11,122 SL 15 3,178      
WEBSITE & BRANDING 2020-08-01 16,950 10,986 M3 3        
WEBSITE & BRANDING 2020-10-01 62,099 62,099 M3 3        
WEBSITE & BRANDING 2021-09-30 15,900 15,900 M3 3        
LEASEHOLD 2021-11-08 3,346 669 SL 15 223      
LEASEHOLD 2022-11-15 1,421 182 SL 15 95      
LEASEHOLD 2022-11-15 11,900 1,520 SL 15 793      
LEASEHOLD 2023-06-22 10,925 910 SL 15 728      
LEASEHOLD 2023-07-21 345 27 SL 15 23      

TY 2024 InvestmentsGovtObligationsSch
Name:
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
EIN:
13-6028788
US Government Securities - End of Year Book Value:

108,870
US Government Securities - End of Year Fair Market Value:

109,294
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 InvestmentsOtherSchedule2
Name:
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
EIN:
13-6028788
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENT IN PARTNERSHIPS   2,408,956 2,408,955
488,012 SHS SPDR S&P 500   249,122,043 325,103,834
340,876 SHS VANGUARD INDEX FDS   95,668,446 101,451,515

TY 2024 LandEtcSchedule2
Name:
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
EIN:
13-6028788
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LEASEHOLD 2,819 1,300 1,519  
LEASEHOLD 12,247 5,508 6,739  
LEASEHOLD 33,392 14,655 18,737  
LEASEHOLD 19,114 8,175 10,939  
LEASEHOLD 20,513 8,778 11,735  
LEASEHOLD 7,375 3,116 4,259  
LEASEHOLD 46,058 19,194 26,864  
LEASEHOLD 136,616 55,407 81,209  
LEASEHOLD 16,054 6,331 9,723  
LEASEHOLD 158,163 62,386 95,777  
LEASEHOLD 5,008 1,920 3,088  
LEASEHOLD 73,005 27,985 45,020  
LEASEHOLD 22,631 8,551 14,080  
LEASEHOLD 7,457 2,775 4,682  
LEASEHOLD 29,583 10,846 18,737  
LEASEHOLD 31,424 11,173 20,251  
LEASEHOLD 536 180 356  
LEASEHOLD 4,409 1,592 2,817  
LEASEHOLD 16,867 6,276 10,591  
FURNITURE & EQUIP 74,993 74,993    
FURNITURE & EQUIP 2,169 2,169    
FURNITURE & EQUIP 775 775    
FURNITURE & EQUIP 3,639 3,639    
FURNITURE & EQUIP 14,174 14,174    
FURNITURE & EQUIP 81,767 81,767    
FURNITURE & EQUIP 4,743 4,743    
FURNITURE & EQUIP 5,175 5,175    
FURNITURE & EQUIP 133,956 133,956    
FURNITURE & EQUIP 1,500 1,500    
LEASEHOLD 47,665 14,300 33,365  
WEBSITE & BRANDING 16,950 10,986 5,964  
WEBSITE & BRANDING 62,099 62,099    
WEBSITE & BRANDING 15,900 15,900    
LEASEHOLD 3,346 892 2,454  
LEASEHOLD 1,421 277 1,144  
LEASEHOLD 11,900 2,313 9,587  
LEASEHOLD 10,925 1,638 9,287  
LEASEHOLD 345 50 295  


TY 2024 LegalFeesSchedule
Name:
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
EIN:
13-6028788
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 101,335     101,335


TY 2024 OtherAssetsSchedule
Name:
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
EIN:
13-6028788
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
CONFERENCE DEPOSIT 69,362 55,719 55,719
SECURITY DEPOSIT 118,188 118,188 118,188
OTHER ASSETS   4,694 4,694


TY 2024 OtherDecreasesSchedule
Name:
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
EIN:
13-6028788
Description Amount
DONATED STOCKS FAIR MARKET ADJUSTMENT 81,322,954


TY 2024 OtherExpensesSchedule
Name:
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
EIN:
13-6028788
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL FEES 17,785     17,785
IT SERVICES 24,646     24,646
INSURANCE 4,947     4,947
PASS-THRU DEDUCTIONS 15,245 15,245    
OFFICE EXPENSES 67,442     67,442


TY 2024 OtherIncomeSchedule2
Name:
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
EIN:
13-6028788
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
INCOME (LOSS) PASSTHRU ENTITIES 26,296 -588  
EARLY CHILDHOOD GRANT REFUND 239    
DARTMOUTH COLLEGE GRANT REFUND 17    


TY 2024 OtherIncreasesSchedule
Name:
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
EIN:
13-6028788
Description Amount
RECOVERY OF DARTMOUTH COLLEGE GRANT 17


TY 2024 OtherProfessionalFeesSchedule
Name:
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
EIN:
13-6028788
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 70,749     70,749
INVESTMENT ADVISORY FEES 429,633 429,633    
PROFESSIONAL FEES NEUROSCIENCE 18,000     18,000
NEUROSCIENCE HONORARIUM 41,000     41,000
EARLY CHILDHOOD HONORARIUM 8,000     8,000


TY 2024 TaxesSchedule
Name:
THE ESTHER A & JOSEPH KLINGENSTEIN FUND INC
EIN:
13-6028788
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 359 359    
FEDERAL EXCISE TAX 42,000