Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
BUFFETT EARLY CHILDHOOD FUND
 
Number and street (or P.O. box number if mail is not delivered to street address) 808 CONAGRA DRIVE 200
  Room/suite
City or town
OMAHA
State or province
NE
Country  
ZIP or foreign postal code
68102
A Employer identification number

20-1768874
B Telephone number (see instructions)

4023410933
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$8,026,590J Accounting method:
Modified Cash Basi
(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) 33,838,070
2 Check .................
3 Interest on savings and temporary cash investments 46,698 46,698  
4 Dividends and interest from securities... 218,189 218,189  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 860,387
b Gross sales price for all assets on line 6a 10,862,384
7 Capital gain net income (from Part IV, line 2)... 10,861,919
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
19,035 0  
12 Total. Add lines 1 through 11........ 34,982,379 11,126,806  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 607,862 0   607,862
14 Other employee salaries and wages...... 729,945 0   729,945
15 Pension plans, employee benefits....... 504,191 0   504,191
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
209,613 0   209,613
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
24,261 0   24,261
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
964,981 0   964,981
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
203,108 0   83,108
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 120,214 0   120,214
21 Travel, conferences, and meetings....... 106,342 0   106,342
22 Printing and publications.......... 819 0   819
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
86,089 0   86,089
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,557,425 0   3,437,425
25 Contributions, gifts, grants paid....... 33,363,929 33,363,929
26 Total expenses and disbursements. Add lines 24 and 25 ................ 36,921,354 0   36,801,354
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,938,975
b Net investment income (if negative, enter -0-) 11,126,806
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 401,541 3,275,941 3,275,941
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
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)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 11,912 59,957 59,957
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 8,633,451 Click to see attachment
List of Attached Documents:
// Content
4,690,692 		4,690,692
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis 20,348
Less: accumulated depreciation (attach schedule) 20,348      
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,046,904 8,026,590 8,026,590
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 )    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 9,046,904 8,026,590
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
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)..... 9,046,904 8,026,590
30 Total liabilities and net assets/fund balances (see instructions). 9,046,904 8,026,590
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
9,046,904
2
Enter amount from Part I, line 27a .....................
2
-1,938,975
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
918,661
4
Add lines 1, 2, and 3 ..........................
4
8,026,590
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
8,026,590
Form 990-PF (2025)
Form 990-PF (2025)
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 BERKSHIRE HATHAWAY INC DEL CL B D 2024-04-18 2025-02-03
b BERKSHIRE HATHAWAY INC DEL CL B D 2024-04-18 2025-04-04
c BERKSHIRE HATHAWAY INC DEL CL B D 2024-04-18 2025-11-06
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,065,046   97 2,064,949
b 5,358,004   217 5,357,787
c 3,439,334   151 3,439,183
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,064,949
b       5,357,787
c       3,439,183
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 10,861,919
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 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) 1 154,663
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........................... 3 154,663
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- ..... 5 154,663
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 171,014
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 171,014
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
8 115
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 16,236
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax16,236 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
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)
NE
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 2025 or the taxable year beginning in 2025? 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 addressWWW.BUFFETTEARLY.ORG
14
The books are in care ofSUSAN MULLIN Telephone no. (402) 341-0933

Located at808 CONAGRA DRIVE STE 200OMAHANE ZIP+468102
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
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 ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
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
SUSAN A BUFFETT DIRECTOR & CHAIR
5.00 		0 0 0
808 CONAGRA DRIVE SUITE 200
OMAHA,NE68102
HELEN RAIKES DIRECTOR & TREASURER
5.00 		0 0 0
808 CONAGRA DRIVE SUITE 200
OMAHA,NE68102
WALLACE WEITZ DIRECTOR & SECRETARY
5.00 		0 0 0
808 CONAGRA DRIVE SUITE 200
OMAHA,NE68102
MIKE BURKE VICE-PRESIDENT
40.00 		234,191 85,925 0
808 CONAGRA DRIVE SUITE 200
OMAHA,NE68102
JESSIE RASMUSSEN PRESIDENT
40.00 		373,671 101,547 0
808 CONAGRA DRIVE SUITE 200
OMAHA,NE68102
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
SHANNON COTSORADIS DIRECTOR OF POLICY A
40.00 		193,817 84,456 0
808 CONAGRA DRIVE SUITE 200
OMAHA,NE68102
ERIC BUCHANAN DIRECTOR OF STRATEGI
40.00 		196,986 75,005 0
808 CONAGRA DRIVE SUITE 200
OMAHA,NE68102
SUSAN MULLIN VP, FINANCE AND ADMI
40.00 		174,955 80,223 0
808 CONAGRA DRIVE SUITE 200
OMAHA,NE68102
GLADYS HAYNES DIRECTOR OF NEBRASKA
40.00 		151,249 76,447 0
808 CONAGRA DRIVE SUITE 200
OMAHA,NE68102
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
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
EDUCATION COUNSEL LLC CONSULTING 275,000
1320 MAIN STREET 17TH FL
COLUMBIA,SC29201
CLARITY CHANNELS COMMUNICATIONS COMMUNICATIONS SERVICES 149,935
706 S 94TH AVENUE
OMAHA,NE68114
BAIRD HOLM LEGAL SERVICES 149,613
1700 FARNAM STE 1500
OMAHA,NE68102
KAH CONSULTING LLC CONSULTING 125,000
7272 WISCONSIN AVE 9TH FL
BETHESDA,MD20814
MANATT PHELPS & PHILLIPS LLP CONSULTING 80,000
2049 CENTURY PARK EAST STE 1700
LOS ANGELES,CA90067
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
Form 990-PF (2025)
Form 990-PF (2025)
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
12,505,539
b
Average of monthly cash balances.......................
1b
5,030,171
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
17,535,710
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
17,535,710
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
263,036
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
17,272,674
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
863,634
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
863,634
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
154,663
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
154,663
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
708,971
4
Recoveries of amounts treated as qualifying distributions................
4
19,035
5
Add lines 3 and 4............................
5
728,006
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
728,006
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, line 26, column (d) ..........
1a
36,801,354
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
36,801,354
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 728,006
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 3,397,194
b From 2021...... 7,624,748
c From 2022...... 3,531,039
d From 2023......  
e From 2024...... 864,405
f Total of lines 3a through e ........ 15,417,386
4Qualifying distributions for 2025 from Part
XI, line 4: $ 36,801,354
a Applied to 2024, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		Click to see attachment
List of Attached Documents:
// Content
33,059,659
d Applied to 2025 distributable amount..... 728,006
e Remaining amount distributed out of corpus 3,013,689
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 51,490,734
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		33,059,659
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		18,431,075
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 .... 18,431,075
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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 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, 2b, 2c, and 2d. 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 (2025)
Form 990-PF (2025)
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

ALLIANCE FOR EARLY SUCCESS

PO BOX 3882
WASHINGTON,DC20027 		    STATE BASED EARLY CHILDHOOD EDUCATION SUPPORT 3,000,000

ASHLAND GREENWOOD PUBLIC SCHOOLS FOUNDATION

1842 FURNAS ST
ASHLAND,NE68003 		    EARLY CHILDHOOD INTERNSHIP PILOT PROJECT SUPPORT 10,000

BEFORE RACISM

1041 GRAND AVE 352
SAINT PAUL,MN55105 		    YOUNG HEARTS, OPEN MINDS PROGRAM SUPPORT 100,000

BELMONT COMMUNITY CENTER

3335 NORTH 12TH ST
LINCOLN,NE68521 		    REDEVELOPMENT PLAN PROJECT SUPPORT 5,000

CENTER FOR LAW AND SOCIAL POLICY

1310 L STREET NW STE 900
WASHINGTON,DC20005 		    GENERAL OPERATIONS SUPPORT 300

COMIC RELIEF INC

120 BROADWAY 22ND FLOOR
NEW YORK,NY10271 		    RED NOSE DAY MATCHING GRANT 200,000

EARLY CHILDHOOD IMPACT GROUP

808 CONAGRA DR STE 200
OMAHA,NE68102 		    EDUCARE LEARNING NETWORK PROGRAM SUPPORT 3,608,022

EARLY FUTURES PARTNERSHIP

301 S 13TH STREET STE 600
LINCOLN,NE68508 		    GENERAL OPERATIONS SUPPORT 1,783,800

EDUCARE OF LINCOLN

3435 N 14TH STREET
LINCOLN,NE68521 		    QUALITY EARLY CHILDHOOD PROGRAM OPERATING SUPPORT 2,188,943

EDUCARE OF OMAHA INC

4201 N 34TH AVE
OMAHA,NE68111 		    QUALITY EARLY CHILDHOOD PROGRAM OPERATING SUPPORT 3,717,994

EDUCARE OF WASHINGTON DC

640 ANACOSTIA AVENUE NE
WASHINGTON,DC20019 		    QUALITY EARLY CHILDHOOD PROGRAM OPERATING SUPPORT 711,866

EDUCARE OF WEST DUPAGE

851 PEARL RD
WEST CHICAGO,IL60185 		    GENERAL OPERATIONS SUPPORT 1,000

ERIKSON INSTITUTE

451 NORTH LASALLE ST
CHICAGO,IL60654 		    ANNUAL LUNCHEON SUPPORT 2,500

ESU 3 EDUCATIONAL FOUNDATION

6949 S 110TH ST
LA VISTA,NE68128 		    NEBRASKA CHILD DEVELOPMENT ASSOCIATE NAVIGATOR PROJECT SUPPORT 130,000

FOUNDATION FOR FARMWORKERS

2301 SUGAR BUSH RD STE 400
RALEIGH,NC27612 		    GENERAL OPERATIONS SUPPORT 600

GREATER OMAHA CHAMBER FOUNDATION

808 CONAGRA DR STE 400
OMAHA,NE68102 		    CHILDCARE INITIATIVES PROJECT SUPPORT 40,000

HEALTH FEDERATION OF PHILADELPHIA

123 SOUTH BROAD ST STE 650
PHILADELPHIA,PA19109 		    LA, CA WILDFIRES EMERGENCY SUPPORT 100,000

INSTITUTE FOR CHILD SUCCESS INC

613 E MCBEE AVE
GREENVILLE,SC29601 		    STRONG NATION PROJECT SUPPORT 100,000

IMPACTING FUTURES INC

112 S MARKET ST PMB 1029
INGLEWOOD,CA90301 		    GENERAL OPERATIONS SUPPORT 250,000

LET'S GROW KIDS

3 COURT STREET
MIDDLEBURY,VT05753 		    SHARING VERMONT'S PROGRESS PROJECT SUPPORT 85,000

LINCOLN COMMUNITY FOUNDATION

215 CENTENNIAL MALL S STE 100
LINCOLN,NE68508 		    LINCOLN LITTLES PROGRAM SUPPORT 200,000

NEBRASKA ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN INC

650 J STREET STE 23
LINCOLN,NE68508 		    RESPECT APPRENTICESHIP PROJECT SUPPORT 243,466

NEBRASKA CHILDREN & FAMILIES FOUNDATION

215 CENTENNIAL MALL S STE 200
LINCOLN,NE68508 		    FIRST FIVE NEBRASKA OPERATING SUPPORT, ROOTED IN RELATIONSHIPS, COMMUNITIES 4 KIDS, OUTDOOR SPACE EXPLORATION, DATA PROJECT, AND CHANGEMAKERS PROGRAM SUPPORT 3,995,063

NEBRASKA EARLY CHILDHOOD COLLABORATIVE

3200 N 30TH STREET STE 200
OMAHA,NE68111 		    GENERAL OPERATING SUPPORT 2025 3,954,169

NEXT DOOR FOUNDATION INC

2545 N 29TH STREET
MILWAUKEE,WI53210 		    EDUCARE MILWAUKEE QUALITY EARLY CHILDHOOD PROGRAM SUPPORT 425,000

NORTHERN ILLINOIS UNIVERSITY FOUNDATION

ALTGELD HALL 134
DEKALB,IL60115 		    CENTER FOR EARLY LEARNING FUNDING EQUITY GENERAL OPERATIONS SUPPORT 150,000

PARTNERSHIP 4 KIDS

1004 FARNAM STREET STE 200
OMAHA,NE68102 		    BOOK BUDDY PROGRAM SUPPORT 90,000

PRESIDENT & FELLOWS OF HARVARD COLLEGE

1033 MASSACHUSETTS AVE STE 3
CAMBRIDGE,MA02138 		    CENTER FOR THE DEVELOPING CHILD OPERATING SUPPORT 1,000,453

PROJECT HARMONY CHILD ADVOCACY CENTER

11949 Q STREET
OMAHA,NE68137 		    IMPACT FROM INFANCY PROJECT SUPPORT, ANNUAL LUNCHEON SUPPORT 498,561

ROCKEFELLER PHILANTHROPY ADVISORS INC

120 BROADWAY SUITE 3475
NEW YORK,NY10271 		    ECLOC GENERAL SUPPORT 2,500

SOCIAL & ENVIRONMENTAL ENTREPRENEURS INC

23564 CALABASAS ROAD SUITE 201
CALABASAS,CA91302 		    OPPORTUNITIES EXCHANGE PROJECT SUPPORT 10,000

SPRINGFIELD OPERATIONS ECS INC

1 MONARCH PL STE 1300
SPRINGFIELD,MA01144 		    EDUCARE SPRINGFIELD GENRERAL OPERATIONS SUPPORT 2,000

START EARLY

1 N DEARBORN ST STE 700
CHICAGO,IL60602 		    EDUCARE LEARNING NETWORK SUPPORT, FIRST FIVE YEARS FUND AND PROJECT SUPPORT, AND ANNUAL LUNCHEON SUPPORT 3,746,504

TEACHERS COLLEGE COLUMBIA UNIVERSITY

525 WEST 120TH STREET BOX 306
NEW YORK,NY100276696 		    ECPIHE PROJECT SUPPORT 300,000

UNIVERSITY OF NEBRASKA MEDICAL CENTER

988145 NEBRASKA MEDICAL CENTER
OMAHA,NE68198 		    KIDSIGHT PROJECT SUPPORT, STRATEGIC ADVISOR SUPPORT 156,912

TSNE

89 SOUTH ST STE 700
BOSTON,MA02111 		    ECFC RAISING CHILD CARE FUND, EEIC SUPPORT, BUILD CONFERENCE SPONSORSHIP, RJE PROGRAM SUPPORT 860,000

UNIVERSITY OF NEBRASKA BOARD OF REGENTS

3835 HOLDREGE STREET
LINCOLN,NE68503 		    EDUCARE OF LINCOLN EVALUATION 194,097

UNIVERSITY OF NEBRASKA FOUNDATION

1010 LINCOLN MALL STE 300
LINCOLN,NE68508 		    DEBRA WISNESKI SCHOLARSHIP SUPPORT, UNO CEHHS EC INCLUSIVE FUND 275,000

UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL

103 SOUTH BUILDING CAMPUS BOX 9100
CHAPEL HILL,NC27599 		    FRANK PORTER GRAHAM CHILD DEVELOPMENT - ELN EVALUATION 772,679

VANDERBILT UNIVERSITY PEABODY COLLEGE

PMB 414 230 APPLETON PL
NASHVILLE,TN37203 		    PN-3 PROJECT SUPPORT 250,000

VOICES FOR CHILDREN IN NEBRASKA

319 S 17TH ST STE 212
OMAHA,NE68102 		    RAISE YOUR VOICE 2025 SUPPORT 2,500

NCSL FOUNDATION FOR STATE LEGISLATURES

7700 E 1ST PL
DENVER,CO80230 		    CHILD CARE POLICY PROJECT SUPPORT 200,000
Total ................................. 3a 33,363,929
bApproved for future payment

EARLY CHILDHOOD IMPACT GROUP
808 CONAGRA DR STE 200
OMAHA,NE68103 		    EDUCARE LEARNING NETWORK PROGRAM SUPPORT 218,440

EARLY FUTURES PARTNERSHIP
301 S 13TH STREET STE 600
LINCOLN,NE68508 		    GENERAL OPERATIONS SUPPORT 2,483,252

EDUCARE OF LINCOLN
3435 N 14TH STREET
LINCOLN,NE68521 		    QUALITY EARLY CHILDHOOD PROGRAM OPERATING SUPPORT 1,200,000

NEBRASKA ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN INC
650 J STREET STE 23
LINCOLN,NE68508 		    RESPECT APPRENTICESHIP PROJECT SUPPORT 476,242

NEBRASKA CHILDREN & FAMILIES FOUNDATION
215 CENTENNIAL MALL S STE 200
LINCOLN,NE68508 		    ROOTED IN RELATIONSHIPS PROGRAM SUPPORT 2,380,338

NEXT DOOR FOUNDATION INC
2545 N 29TH STREET
MILWAUKEE,WI53210 		    EDUCARE MILWAUKEE QUALITY EARLY CHILDHOOD PROGRAM SUPPORT 400,000

TEACHERS COLLEGE COLUMBIA UNIVERSITY
525 WEST 120TH STREET BOX 306
NEW YORK,NY100276696 		    ECPIHE PROJECT SUPPORT 300,000

UNIVERSITY OF NEBRASKA MEDICAL CENTER
988145 NEBRASKA MEDICAL CENTER
OMAHA,NE68198 		    KIDSIGHT PROJECT SUPPORT 100,000

TSNE
89 SOUTH ST STE 700
BOSTON,MA02111 		    ECFC RAISING CHILD CARE FUND 250,000

TSNE
89 SOUTH ST STE 700
BOSTON,MA02111 		    EEIC SUPPORT 500,000

TSNE
89 SOUTH ST STE 700
BOSTON,MA02111 		    RJE PROGRAM SUPPORT 100,000

UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
103 SOUTH BUILDING CAMPUS BOX 9100
CHAPEL HILL,NC27599 		    FRANK PORTER GRAHAM CHILD DEVELOPMENT - ELN EVALUATION 1,036,995
Total ................................. 3b 9,445,267
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 46,698  
4 Dividends and interest from securities ....     14 218,189  
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 ............ 		    18 860,387  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRETURNED CONTRIBUTIONS 		        19,035
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,125,274 19,035
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,144,309
(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.)
11A GRANT FUNDS RETURNED PURSUANT TO TERMS OF GRANT AGREEMENTS
Form 990-PF (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
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

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
BUFFETT EARLY CHILDHOOD FUND
 
Employer identification number

20-1768874
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 ......... $  
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. 2025) Page 2
Name of organization
BUFFETT EARLY CHILDHOOD FUND
  		Employer identification number
20-1768874
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
THE SHERWOOD FOUNDATION
 
808 CONAGRA DRIVE SUITE 200
 
OMAHA, NE68102

$ 30,059,659


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
THE REBECCA SUSAN BUFFETT FOUNDATION
 
1016 CHEVY CHASE
 
BEVERLY HILLS, CA90210

$ 3,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
FIDELITY INVESTMENTS CHARITABLE FUND
 
FIDELITY CHARITABLE 245 SUMMER ST
 
BOSTON, MA02210

$ 500,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
UBS OPTIMUS FOUNDATION US INC
 
11 MADISON AVE
 
NEW YORK, NY10010

$ 84,899


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
GEORGE KAISER FAMILY FOUNDATION
 
7030 S YALE AVENUE SUITE 600
 
TULSA, OK74136

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
EDUCARE ARIZONA
 
1300 N 48TH STREET
 
PHOENIX, AZ85008

$ 60,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
BUFFETT EARLY CHILDHOOD FUND
  		Employer identification number
20-1768874
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
7
JW BAGLEY FOUNDATION
 
348 DOGWOOD TRAIL
 
COPPELL, TX75019

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
START EARLY
 
1 NORTH DEARBORN STREET STE 700
 
CHICAGO, IL60602

$ 13,512


(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
BUFFETT EARLY CHILDHOOD FUND
  		Employer identification number

20-1768874
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
 32,190 SHARES OF BERKSHIRE HATHAWAY CL B. $ 14,959,659 2025-08-12
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
BUFFETT EARLY CHILDHOOD FUND
  		Employer identification number

20-1768874
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 2025 AccountingFeesSchedule
Name:
BUFFETT EARLY CHILDHOOD FUND
EIN:
20-1768874
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 24,261 0   24,261

TY 2025 DistributionFromCorpusElection
Name:
BUFFETT EARLY CHILDHOOD FUND
EIN:
20-1768874
Election:
PURSUANT TO IRC SECTION 4942(H)(2) AND REGULATION 53.4942(A)-3(D)(2), THE BUFFETT EARLY CHILDHOOD FUND HEREBY ELECTS TO TREAT $33,059,659OF CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF CORPUS FOR THE FOLLOWING TAX YEARS:2025 TAX YEAR PASSTHROUGH FUNDS: $33,059,659

TY 2025 GeneralExplanationAttachment
Name:
BUFFETT EARLY CHILDHOOD FUND
EIN:
20-1768874
Identifier Return Reference Explanation
PROPERTY DISTRIBUTIONS VALUED AT FAIR MARKET VALUE FORM 990, PART III, LINE 3 DURING 2025, 8 PROPERTY DISTRIBUTION GRANTS WERE MADE TO SEVEN (7) SECTION 501(C)(3) CHARITABLE ORGANIZATIONS. ALL PROPERTY DISTRIBUTIONS WERE OF BERKSHIRE HATHAWAY CLASS B STOCK. THE FAIR MARKET VALUE AND BOOK VALUE OF THE DISTRIBUTED SHARES WAS $9,819,083 AND $9,463,297, RESPECTIVELY. THE DONATED STOCK'S APPRECIATION IN VALUE, $355,786 IS REPORTED ON FORM 990-PF, PART III, LINE 3.

TY 2025 InvestmentsCorpStockSchedule
Name:
BUFFETT EARLY CHILDHOOD FUND
EIN:
20-1768874
Name of Stock End of Year Book Value End of Year Fair Market Value
BERKSHIRE HATHAWAY - CLASS B 4,690,692 4,690,692

TY 2025 LegalFeesSchedule
Name:
BUFFETT EARLY CHILDHOOD FUND
EIN:
20-1768874
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 209,613 0   209,613


TY 2025 OtherExpensesSchedule
Name:
BUFFETT EARLY CHILDHOOD FUND
EIN:
20-1768874
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INTERNET 10 0   10
REPAIRS 604 0   604
POSTAGE 640 0   640
BANK CHARGES 1,993 0   1,993
OFFICE SUPPLIES 7,048 0   7,048
INSURANCE 4,615 0   4,615
TELEPHONE 8,651 0   8,651
MISCELLANEOUS 14,000 0   14,000
EQUIPMENT EXPENSE 48,528 0   48,528


TY 2025 OtherIncomeSchedule2
Name:
BUFFETT EARLY CHILDHOOD FUND
EIN:
20-1768874
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
RETURNED CONTRIBUTIONS 19,035   19,035


TY 2025 OtherIncreasesSchedule
Name:
BUFFETT EARLY CHILDHOOD FUND
EIN:
20-1768874
Description Amount
UNREALIZED GAIN ON SECURITIES 562,875
CHANGE IN VALUE OF DONATED STOCK 355,786


TY 2025 OtherProfessionalFeesSchedule
Name:
BUFFETT EARLY CHILDHOOD FUND
EIN:
20-1768874
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PROFESSIONAL 964,981 0   964,981


TY 2025 TaxesSchedule
Name:
BUFFETT EARLY CHILDHOOD FUND
EIN:
20-1768874
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 83,108 0   83,108
EXCISE TAXES 120,000 0   0