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
M AND L HONG FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 1532
 
Room/suite
City or town
PENNINGTON
State or province
NJ
Country  
ZIP or foreign postal code
085340691
A Employer identification number

83-6345283
B Telephone number (see instructions)

8888663275
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)$71,192,934
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,000,000
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,961,913 1,961,780  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,649,476
b Gross sales price for all assets on line 6a 12,522,821
7 Capital gain net income (from Part IV, line 2)... 1,649,476
8 Net short-term capital gain......... 0
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).......      
12 Total. Add lines 1 through 11........ 5,611,389 3,611,256  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 388,692 233,215   155,477
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... 4,095 0 0 4,095
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 106,882 35,708   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... -75     -75
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 499,594 268,923 0 159,497
25 Contributions, gifts, grants paid....... 2,000,000 2,000,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 2,499,594 268,923 0 2,159,497
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,111,795
b Net investment income (if negative, enter -0-) 3,342,333
c Adjusted net income (if negative, enter -0-)... 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............. 315,348 3,115 3,115
2 Savings and temporary cash investments......... 1,164,826 1,182,046 1,182,046
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
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 0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......   Click to see attachment
List of Attached Documents:
// Content
56,152,868
69,665,864
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).......... 53,089,929 Click to see attachment
List of Attached Documents:
// Content
341,909
341,909
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 54,570,103 57,679,938 71,192,934
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
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...........    
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........ 54,570,103 57,679,938
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)..... 54,570,103 57,679,938
30 Total liabilities and net assets/fund balances (see instructions). 54,570,103 57,679,938
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
54,570,103
2
Enter amount from Part I, line 27a .....................
2
3,111,795
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
57,681,898
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
1,960
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
57,679,938
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 470. FIDELITY MSCI UTILITIES INDEX   2023-11-09 2025-01-15
b 546. FIRST TRUST CLOUD COMPUTING ETF   2023-11-09 2025-01-15
c 945. GLOBAL X FUNDS SHS US INFRASTRUCTURE DEVFUND   2023-11-09 2025-01-15
d 297. ISHARES NASDAQ BIOTECHNOLOGY ETF   2023-11-09 2025-01-15
e 812. ISHARES TR U S INFRASTRUCTURE ETF   2023-11-09 2025-01-15
3172. SCHWAB SHORT-TERM U.S. TREASURY ETF   2023-11-09 2025-01-15
341. SELECT SECTOR SPDR TR MATERIALS SHS BEN INT   2023-11-09 2025-01-15
2749. SELECT SECTOR SPDR TR HEALTHCARE SHS BEN INT   2023-11-09 2025-01-15
558. SELECT SECTOR SPDR TR ENERGY SHS BEN INT   2023-11-09 2025-01-15
1898. SELECT SECTOR SPDR TR INDUSTRIAL SHS BEN INT   2023-11-09 2025-01-15
809. STE STRT COMTN SR SLCT SCTR SPDR ETF   2023-11-09 2025-01-15
771. ST STRT REAL ESTATE SLCT SCTR SPDR ETF   2023-11-09 2025-01-15
153. VANECK SEMICONDUCTOR ETF   2023-11-09 2025-01-15
1924. VANGUARD FINANCIALS ETF   2023-11-09 2025-01-15
56. VANGUARD SHORT-TERM CORPORATE BOND   2022-05-11 2025-01-15
29. VANGUARD SHORT-TERM CORPORATE BOND   2022-11-15 2025-01-15
12. VANGUARD SHORT-TERM CORPORATE BOND   2022-12-20 2025-01-15
21. VANGUARD SHORT-TERM CORPORATE BOND   2023-01-18 2025-01-15
960. VANGUARD SHORT-TERM CORPORATE BOND   2023-03-06 2025-01-15
167. VANGUARD SHORT-TERM CORPORATE BOND   2022-03-03 2025-01-15
5. VANGUARD SHORT-TERM CORPORATE BOND   2022-04-12 2025-01-15
359. VANGUARD INTERM-TERM GOVT BD   2023-07-20 2025-01-15
962. VANGUARD SMALL CAP   2023-11-09 2025-01-15
2092. INVESCO PREFERRED ETF   2023-11-09 2025-03-13
55. INVESCO PREFERRED ETF   2023-07-20 2025-03-13
333. INVESCO PREFERRED ETF   2023-08-28 2025-03-13
42. INVESCO PREFERRED ETF   2023-10-18 2025-03-13
18. INVESCO PREFERRED ETF   2022-04-12 2025-03-13
3. INVESCO PREFERRED ETF   2022-12-20 2025-03-13
539. INVESCO PREFERRED ETF   2023-03-06 2025-03-13
42. INVESCO PREFERRED ETF   2023-04-11 2025-03-13
100. INVESCO PREFERRED ETF   2020-11-09 2025-03-13
24. INVESCO PREFERRED ETF   2021-01-12 2025-03-13
3. INVESCO PREFERRED ETF   2021-07-12 2025-03-13
4. INVESCO PREFERRED ETF   2021-10-20 2025-03-13
5. INVESCO PREFERRED ETF   2021-11-17 2025-03-13
285. INVESCO PREFERRED ETF   2022-03-03 2025-03-13
81. INVESCO EMERGING MARKETS SOVEREIGN DEBT ETF   2023-08-28 2025-03-13
345. INVESCO EMERGING MARKETS SOVEREIGN DEBT ETF   2023-03-06 2025-03-13
120. ISHARES EDGE MSCI MIN VOL EMERGING MARKETS ETF   2023-11-09 2025-03-13
2. ISHARES TIPS BOND ETF   2023-11-09 2025-03-13
8. ISHARES TIPS BOND ETF   2023-07-20 2025-03-13
37. ISHARES TIPS BOND ETF   2023-08-28 2025-03-13
2. ISHARES TIPS BOND ETF   2022-04-12 2025-03-13
2. ISHARES TIPS BOND ETF   2023-01-18 2025-03-13
69. ISHARES TIPS BOND ETF   2023-03-06 2025-03-13
9. ISHARES TIPS BOND ETF   2020-11-09 2025-03-13
1. ISHARES TIPS BOND ETF   2021-07-12 2025-03-13
39. ISHARES TIPS BOND ETF   2022-03-03 2025-03-13
4979. ISHARES 20+ YEAR TREASURY BOND ETF   2023-11-09 2025-03-13
14681. ISHARES MBS ETF   2023-11-09 2025-03-13
1173. ISHARES EDGE MSCI MIN VOL EAFE ETF   2024-02-14 2025-03-13
454. ISHARES EDGE MSCI MIN VOL EAFE ETF   2024-10-10 2025-03-13
498. ISHARES EDGE MSCI MIN VOL EAFE ETF   2025-01-15 2025-03-13
10845. ISHARES EDGE MSCI MIN VOL EAFE ETF   2023-11-09 2025-03-13
2840. ISHARES INC CORE MSCI EMERGING MKTS ETF   2023-11-09 2025-03-13
50473. SCHWAB SHORT-TERM U.S. TREASURY ETF   2023-11-09 2025-03-13
396. VANGUARD INTERM-TERM GOVT BD   2023-10-18 2025-03-13
15409. VANGUARD INTERM-TERM GOVT BD   2023-11-09 2025-03-13
745. VANGUARD INTERM-TERM GOVT BD   2023-07-20 2025-03-13
324. VANGUARD INTERM-TERM GOVT BD   2023-08-28 2025-03-13
1108. VANGUARD SMALL CAP   2023-11-09 2025-03-13
66. FIRST TRUST CLOUD COMPUTING ETF   2024-02-14 2025-08-12
840. FIRST TRUST CLOUD COMPUTING ETF   2025-03-13 2025-08-12
2569. FIRST TRUST CLOUD COMPUTING ETF   2023-11-09 2025-08-12
111. INVESCO AEROSPACE AND DEFENSE ETF   2024-09-10 2025-08-12
918. INVESCO KBW BANK ETF   2023-11-09 2025-08-12
1382. ISHARES U.S. HOME CONSTRUCTION ETF   2024-02-14 2025-08-12
69. ISHARES TR CORE MSCI EAF ETF   2022-07-12 2025-08-12
13. ISHARES TR CORE MSCI EAF ETF   2022-11-15 2025-08-12
34. ISHARES TR CORE MSCI EAF ETF   2022-12-20 2025-08-12
214. ISHARES TR CORE MSCI EAF ETF   2023-01-18 2025-08-12
975. ISHARES TR CORE MSCI EAF ETF   2023-03-06 2025-08-12
727. ISHARES TR CORE MSCI EAF ETF   2022-03-03 2025-08-12
2236. ISHARES INC CORE MSCI EMERGING MKTS ETF   2023-11-09 2025-08-12
259. ISHARES TR U S INFRASTRUCTURE ETF   2023-11-09 2025-08-12
2956. SELECT SECTOR SPDR TR HEALTHCARE SHS BEN INT   2023-11-09 2025-08-12
2103. SELECT SECTOR SPDR TR CONS STPLS SHS BEN INT   2023-11-09 2025-08-12
3076. SELECT SECTOR SPDR TR ENERGY SHS BEN INT   2023-11-09 2025-08-12
481. ST STRT REAL ESTATE SLCT SCTR SPDR ETF   2023-11-09 2025-08-12
159. VANGUARD FINANCIALS ETF   2023-11-09 2025-08-12
555. VANGUARD INFORMATION TECH ETF   2023-11-09 2025-08-12
1607. ISHARES 20+ YEAR TREASURY BOND ETF   2023-11-09 2025-11-25
638. ISHARES NASDAQ BIOTECHNOLOGY ETF   2023-11-09 2025-11-25
1528. ISHARES MBS ETF   2023-11-09 2025-11-25
433. ISHARES TR CORE MSCI EAF ETF   2023-11-09 2025-11-25
367. ISHARES TR CORE MSCI EAF ETF   2023-03-06 2025-11-25
14. ISHARES TR CORE MSCI EAF ETF   2023-07-20 2025-11-25
790. ISHARES TR CORE MSCI EAF ETF   2023-08-28 2025-11-25
2741. ISHARES INC CORE MSCI EMERGING MKTS ETF   2023-11-09 2025-11-25
1651. SELECT SECTOR SPDR TR HEALTHCARE SHS BEN INT   2023-11-09 2025-11-25
782. STE STRT COMTN SR SLCT SCTR SPDR ETF   2023-11-09 2025-11-25
877. VANECK SEMICONDUCTOR ETF   2023-11-09 2025-11-25
511. VANGUARD INFORMATION TECH ETF   2023-11-09 2025-11-25
95. VANGUARD SHORT-TERM CORPORATE BOND   2023-11-09 2025-11-25
19. VANGUARD SHORT-TERM CORPORATE BOND   2023-03-06 2025-11-25
78. VANGUARD SHORT-TERM CORPORATE BOND   2023-07-20 2025-11-25
492. VANGUARD SHORT-TERM CORPORATE BOND   2023-08-28 2025-11-25
1036. VANGUARD INTERM-TERM GOVT BD   2023-11-09 2025-11-25
58. VANGUARD INTERMEDIATE FDS VANGUARD INTERME   2023-07-20 2025-11-25
171. VANGUARD INTERMEDIATE FDS VANGUARD INTERME   2023-08-28 2025-11-25
651. VANGUARD INTERMEDIATE FDS VANGUARD INTERME   2023-03-06 2025-11-25
83. VANGUARD INTERMEDIATE FDS VANGUARD INTERME   2022-03-03 2025-11-25
25. VANGUARD INTERMEDIATE FDS VANGUARD INTERME   2022-04-12 2025-11-25
127. VANGUARD INTERMEDIATE FDS VANGUARD INTERME   2022-07-12 2025-11-25
6. VANGUARD INTERMEDIATE FDS VANGUARD INTERME   2022-09-27 2025-11-25
2. VANGUARD INTERMEDIATE FDS VANGUARD INTERME   2022-10-11 2025-11-25
14. VANGUARD INTERMEDIATE FDS VANGUARD INTERME   2022-11-15 2025-11-25
18. VANGUARD INTERMEDIATE FDS VANGUARD INTERME   2022-12-20 2025-11-25
356. VANGUARD SMALL CAP   2023-11-09 2025-11-25
1803. INVESCO PREFERRED ETF   2025-11-26 2025-12-04
911. INVESCO PREFERRED ETF   2025-08-25 2025-12-04
1486. INVESCO PREFERRED ETF   2025-01-15 2025-12-04
529. INVESCO PREFERRED ETF   2024-10-10 2025-12-04
1391. INVESCO PREFERRED ETF   2024-09-10 2025-12-04
2911. INVESCO PREFERRED ETF   2025-08-12 2025-12-04
1156. ISHARES 20+ YEAR TREASURY BOND ETF   2024-02-14 2025-12-04
1087. ISHARES 20+ YEAR TREASURY BOND ETF   2025-11-26 2025-12-04
62. ISHARES NASDAQ BIOTECHNOLOGY ETF   2025-11-26 2025-12-04
332. ISHARES U.S. HOME CONSTRUCTION ETF   2025-11-26 2025-12-04
1110. ISHARES U.S. HOME CONSTRUCTION ETF   2025-01-15 2025-12-04
1301. ISHARES U.S. HOME CONSTRUCTION ETF   2024-09-10 2025-12-04
497. PACER DATA & INFRA REAL ESTATE ETF   2025-11-26 2025-12-04
344. PACER DATA & INFRA REAL ESTATE ETF   2025-08-12 2025-12-04
288. SELECT SECTOR SPDR TR HEALTHCARE SHS BEN INT   2025-11-26 2025-12-04
877. SELECT SECTOR SPDR TR CONS STPLS SHS BEN INT   2025-11-26 2025-12-04
688. SELECT SECTOR SPDR TR CONS STPLS SHS BEN INT   2025-08-25 2025-12-04
241. SELECT SECTOR SPDR TR CONS STPLS SHS BEN INT   2024-10-10 2025-12-04
655. ST STRT REAL ESTATE SLCT SCTR SPDR ETF   2025-11-26 2025-12-04
246. ST STRT REAL ESTATE SLCT SCTR SPDR ETF   2024-10-10 2025-12-04
284. VANGUARD TOTAL INTERNATL BOND ETF   2025-11-26 2025-12-04
262. VANGUARD TOTAL INTERNATL BOND ETF   2024-09-10 2025-12-04
190. VANGUARD TOTAL INTERNATL BOND ETF   2024-10-10 2025-12-04
1515. VANGUARD INTERMEDIATE FDS VANGUARD INTERME   2025-11-26 2025-12-04
83. VANGUARD INTERMEDIATE FDS VANGUARD INTERME   2025-11-26 2025-12-04
CAPITAL GAIN DIVIDENDS P    
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(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 23,283   18,321 4,962
b 66,037   41,824 24,213
c 39,755   28,246 11,509
d 39,610   34,412 5,198
e 38,472   29,264 9,208
76,633   75,985 648
29,520   26,291 3,229
386,059   346,539 39,520
51,435   46,169 5,266
256,963   193,577 63,386
78,341   54,753 23,588
31,117   26,551 4,566
38,243   23,555 14,688
231,874   156,229 75,645
4,371   4,309 62
2,263   2,175 88
937   905 32
1,639   1,604 35
74,926   72,134 2,792
13,034   13,247 -213
390   388 2
20,771   21,052 -281
236,607   175,815 60,792
23,976   22,615 1,361
630   624 6
3,816   3,671 145
481   434 47
206   235 -29
34   35 -1
6,177   6,570 -393
481   486 -5
1,146   1,495 -349
275   353 -78
34   46 -12
46   60 -14
57   74 -17
3,266   3,916 -650
1,640   1,543 97
6,986   6,648 338
6,937   6,379 558
219   208 11
877   858 19
4,054   3,905 149
219   244 -25
219   217 2
7,561   7,444 117
986   1,120 -134
110   128 -18
4,274   4,962 -688
449,342   435,264 14,078
1,367,497   1,301,758 65,739
90,799   79,729 11,070
35,143   34,268 875
38,549   35,069 3,480
839,488   706,921 132,567
153,469   136,242 17,227
1,224,946   1,209,080 15,866
23,383   22,275 1,108
909,876   880,624 29,252
43,991   43,687 304
19,132   18,716 416
242,136   202,498 39,638
7,876   6,238 1,638
100,246   87,041 13,205
306,586   196,785 109,801
16,355   12,184 4,171
67,868   37,013 30,855
144,944   143,177 1,767
5,858   4,001 1,857
1,104   802 302
2,887   2,091 796
18,169   14,284 3,885
82,779   64,760 18,019
61,723   49,505 12,218
137,984   107,267 30,717
13,258   9,334 3,924
386,232   372,633 13,599
173,729   144,077 29,652
261,829   254,508 7,321
19,683   16,565 3,118
20,427   12,911 7,516
388,250   243,434 144,816
145,309   140,484 4,825
109,212   73,922 35,290
146,355   135,487 10,868
37,725   27,955 9,770
31,975   24,376 7,599
1,220   968 252
68,829   52,290 16,539
180,892   131,493 49,399
260,569   208,125 52,444
89,144   52,926 36,218
291,524   135,020 156,504
372,522   224,135 148,387
7,597   7,150 447
1,519   1,428 91
6,237   5,902 335
39,343   37,099 2,244
62,637   59,207 3,430
4,893   4,575 318
14,425   13,274 1,151
54,915   50,706 4,209
7,001   7,331 -330
2,109   2,099 10
10,713   10,243 470
506   453 53
169   150 19
1,181   1,084 97
1,518   1,410 108
90,337   65,063 25,274
20,284   20,333 -49
10,249   10,442 -193
16,718   17,193 -475
5,951   6,512 -561
15,649   16,984 -1,335
32,749   33,154 -405
102,503   107,357 -4,854
96,384   97,748 -1,364
10,637   10,714 -77
34,631   34,173 458
115,784   120,046 -4,262
135,707   153,427 -17,720
14,386   14,468 -82
9,958   10,791 -833
44,330   45,704 -1,374
68,752   68,972 -220
53,936   56,713 -2,777
18,893   19,615 -722
26,968   27,146 -178
10,128   10,590 -462
14,030   14,083 -53
12,943   13,147 -204
9,386   9,485 -99
127,283   127,835 -552
6,973   7,333 -360
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
      1,709
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       4,962
b       24,213
c       11,509
d       5,198
e       9,208
      648
      3,229
      39,520
      5,266
      63,386
      23,588
      4,566
      14,688
      75,645
      62
      88
      32
      35
      2,792
      -213
      2
      -281
      60,792
      1,361
      6
      145
      47
      -29
      -1
      -393
      -5
      -349
      -78
      -12
      -14
      -17
      -650
      97
      338
      558
      11
      19
      149
      -25
      2
      117
      -134
      -18
      -688
      14,078
      65,739
      11,070
      875
      3,480
      132,567
      17,227
      15,866
      1,108
      29,252
      304
      416
      39,638
      1,638
      13,205
      109,801
      4,171
      30,855
      1,767
      1,857
      302
      796
      3,885
      18,019
      12,218
      30,717
      3,924
      13,599
      29,652
      7,321
      3,118
      7,516
      144,816
      4,825
      35,290
      10,868
      9,770
      7,599
      252
      16,539
      49,399
      52,444
      36,218
      156,504
      148,387
      447
      91
      335
      2,244
      3,430
      318
      1,151
      4,209
      -330
      10
      470
      53
      19
      97
      108
      25,274
      -49
      -193
      -475
      -561
      -1,335
      -405
      -4,854
      -1,364
      -77
      458
      -4,262
      -17,720
      -82
      -833
      -1,374
      -220
      -2,777
      -722
      -178
      -462
      -53
      -204
      -99
      -552
      -360
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 1,649,476
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 46,458
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 46,458
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 46,458
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 38,860
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 38,860
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....... 9 7,598
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax0 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. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
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
 
No
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)
CA
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. Click to see attachment
List of Attached Documents:
// Content
...............................
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 address  
14
The books are in care ofBANK OF AMERICA NA Telephone no. (888) 866-3275

Located atPO BOX 1532PENNINGTONNJ ZIP+408534
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)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
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
BANK OF AMERICA N A TRUSTEE
2
388,692    
PO BOX 1532
PENNINGTON,NJ08534
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position
(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation
(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 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
NONE
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.........................  
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
65,737,728
b
Average of monthly cash balances.......................
1b
1,228,072
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
66,965,800
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
66,965,800
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,004,487
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
65,961,313
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
3,298,066
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
3,298,066
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
46,458
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
46,458
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,251,608
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,251,608
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
3,251,608
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
2,159,497
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
2,159,497
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 3,251,608
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 1,802,149
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 0
b From 2021...... 0
c From 2022...... 0
d From 2023...... 0
e From 2024...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 2,159,497
a Applied to 2024, but not more than line 2a 1,802,149
b Applied to undistributed income of prior years
(Election required—see instructions) .....
0
c Treated as distributions out of corpus (Election
required—see instructions) ........
0
d Applied to 2025 distributable amount..... 357,348
e Remaining amount distributed out of corpus 0
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 0
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 ..........
2,894,260
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) .......
0
8 Excess distributions carryover from 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 ......
0
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 0
c Excess from 2023 .... 0
d Excess from 2024 .... 0
e Excess from 2025 .... 0
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

N AMERICAN DIV OF 7TH DAY ADVENTISTS

9705 PATUXENT WOODS DRIVE
COLUMBIA,MD210461565
N/A   UNRESTRICTED GENERAL 400,000

EMPOWER MINISTRY GROUP

800 ROOSEVELT 200
IRVINE,CA926203663
N/A   UNRESTRICTED GENERAL 500,000

ADVENTIST HEALTH INTERNATIONAL

11060 ANDERSON STREET
LOMA LINDA,CA923501736
N/A   UNRESTRICTED GENERAL 100,000

LOMA LINDA KOREAN CHURCH

11487 NEW JERSEY STREET
REDLANDS,CA92373
NONE   GENERAL OPERATING 250,000

PACIFIC UNION CONFERENCE

2686 TOWNSGATE ROAD
WESTLAKE VILLAGE,CA91361
N/A   UNRESTRICTED GENERAL 250,000

SOUTHEASTERN CALIFORNIA CONFERENCE

PO BOX 79990
RIVERSIDE,CA925131990
NONE   GENERAL OPERATING 500,000
Total ................................. 3a 2,000,000
bApproved for future payment
Total ................................. 3b  
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 ...........
         
4 Dividends and interest from securities ....     14 1,961,913  
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 1,649,476  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   3,611,389  
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,611,389
(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 (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
M AND L HONG FOUNDATION
 
Employer identification number

83-6345283
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
M AND L HONG FOUNDATION
 
Employer identification number
83-6345283
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
JUSTIN S KIM ESTATE
PO BOX 1532
 
PENNINGTON, NJ08534

$ 2,000,000


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

$  


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

$  


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

$  


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

$  


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

$  


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

83-6345283
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
M AND L HONG FOUNDATION
 
Employer identification number

83-6345283
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 InvestmentsCorpStockSchedule
Name:
M AND L HONG FOUNDATION
EIN:
83-6345283
Name of Stock End of Year Book Value End of Year Fair Market Value
46138E511 INVESCO PREFERRED ET 304,788 316,912
922908553 VANGUARD REAL ESTATE 61,365 60,085
464288687 ISHARES PREFERRED & 101,737 102,199
92204A405 VANGUARD FINANCIALS 2,223,122 3,478,482
92204A207 VANGUARD CONSUMER ST 141,444 139,630
464287556 ISHARES BIOTECHNOLOG 302,205 430,532
922908751 VANGUARD SMALL CAP 3,276,346 4,233,991
81369Y100 ST STRT MATERIALS SL 260,840 298,403
69374H741 PACER DATA & INFRA R 71,019 76,812
33734X846 FIRST TR NASDAQ CYBE 295,138 292,588
92206C409 VANGUARD SHORT-TERM 4,132,360 4,322,004
316092865 FIDELITY MSCI UTILIT 379,950 449,380
78464A888 STATE STREET SPDR SP 286,906 272,535
464287176 ISHARES TIPS BOND ET 486,710 508,993
81369Y407 STATE STRT CONS DSRY 1,899,991 2,628,692
464288638 ISHARES TR ISHARES 5 134,223 133,838
464288752 ISHARES U.S. HOME CO 173,295 163,517
92206C847 VANGUARD LONG-TERM T 198,950 196,416
92204A504 VANGUARD HEALTH CARE 44,089 44,041
92203J407 VANGUARD TOTAL INTER 990,930 986,356
46435G672 ISHARES INTERNATIONA 36,319 35,207
81369Y860 ST STRT REAL ESTATE 352,565 382,841
92206C706 VANGUARD INTERM-TERM 2,870,375 2,946,998
464288588 ISHARES MBS ETF 4,610,912 4,866,694
808524862 SCHWAB SHORT-TERM U. 1,377,907 1,395,646
46138E628 INVESCO KBW BANK ETF 558,498 910,669
78468R606 STATE STREET SPDR PO 1,374,868 1,392,908
92189F726 VANECK BIOTECH ETF E 23,551 23,090
81369Y209 ST STRT HEALTH CARE 1,272,649 1,539,331
81369Y852 STE STRT COMTN SR SL 1,617,012 2,693,904
81369Y506 ST STRT ENERGY SLCT 246,902 263,074
464287432 ISHARES 20+ YEAR TRE 2,511,813 2,509,249
46435U713 ISHARES TR U S INFRA 381,090 457,163
46137V100 INVESCO AEROSPACE AN 483,403 664,424
92204A702 VANGUARD INFORMATION 4,138,364 6,661,154
81369Y704 ST STRT INDUSTRIAL S 947,810 1,306,266
37954Y673 GLOBAL X FUNDS SHS U 427,293 626,861
92206C870 VANGUARD INTERMEDIAT 3,889,119 4,168,154
92189F676 VANECK SEMICONDUCTOR 1,183,896 2,254,414
81369Y308 ST STRT CONSUMER STA 830,228 910,876
46432F842 ISHARES TR CORE MSCI 7,674,113 9,957,166
46434G103 ISHARES INC CORE MSC 2,391,168 3,165,390
46138E784 INVESCO EMERGING MAR 308,185 354,423
464286533 ISHARES EDGE MSCI MI 879,420 1,044,556

TY 2025 InvestmentsOtherSchedule2
Name:
M AND L HONG FOUNDATION
EIN:
83-6345283
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
33734X192 FIRST TRUST CLOUD CO      
92206C409 VANGUARD SHORT-TERM      
464287556 ISHARES NASDAQ BIOTE      
46434G103 ISHARES CORE MSCI EM      
81369Y407 CONSUMER DISCRETIONA      
922908751 VANGUARD SMALL-CAP E      
92206C870 VANGUARD INTRMDIATE-      
81369Y860 REAL ESTATE SELECT S      
92204A702 VANGUARD INFORMATION      
46138E511 INVESCO PREFERRED ET      
81369Y100 MATERIALS SELECT SEC      
46432F842 ISHARES CORE MSCI EA      
92204A405 VANGUARD FINANCIALS      
37954Y673 GLOBAL X FUNDS SHS U      
464287176 ISHARES TIPS BOND ET      
464288588 ISHARES MBS ETF      
69374H741 PACER BENCHMARK DATA      
81369Y308 CONSUMER STAPLES SEL      
316092865 FIDELITY MSCI UTILIT      
81369Y209 HEALTH CARE SELECT S      
81369Y704 INDUSTRIAL SELECT SE      
46138E784 INVESCO EMERGING MAR      
81369Y852 COMM SERVICES SELECT      
81369Y506 ENERGY SELECT SECTOR      
464287432 ISHARES 20 YEAR TREA      
92189F676 VANECK VECTORS SEMIC      
464286533 ISHARES EDGE MSCI MI      
808524862 SCHWAB SHORT-TERM U.      
46429B689 ISHARES EDGE MSCI MI      
92203J407 VANGUARD TOTAL INTER      
46138E628 INVESCO KBW BANK ETF      
46435U713 ISHARES TR      
92206C706 VANGUARD INTERMEDIAT      
46137V100 INVESCO AEROSPACE &      
464288752 ISHARES U.S. HOME CO      
09248U213 BLACKROCK LIQUIDITY AT COST 341,909 341,909

TY 2025 LegalFeesSchedule
Name:
M AND L HONG FOUNDATION
EIN:
83-6345283
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES - CHARITABLE 4,095     4,095


TY 2025 OtherDecreasesSchedule
Name:
M AND L HONG FOUNDATION
EIN:
83-6345283
Description Amount
MUTUAL FUND TIMING ADJ 1,616
COST BASIS ADJUSTMENT 344


TY 2025 OtherExpensesSchedule
Name:
M AND L HONG FOUNDATION
EIN:
83-6345283
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AG FILING FEE -75 0   -75


TY 2025 SubstantialContributorsSch
Name:
M AND L HONG FOUNDATION
EIN:
83-6345283
Name Address
JUSTIN S KIM ESTATE PO BOX 1532
PENNINGTON,NJ08534


TY 2025 TaxesSchedule
Name:
M AND L HONG FOUNDATION
EIN:
83-6345283
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX - PRIOR YEAR 32,314 0   0
FEDERAL ESTIMATES - PRINCIPAL 38,860 0   0
FOREIGN TAXES ON QUALIFIED FOR 25,375 25,375   0
FOREIGN TAXES ON NONQUALIFIED 10,333 10,333   0