TY 2024 Form 990

- TIN:

SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
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Attach to Form 990 or Form 990-EZ.
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Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public
Inspection

Name of the organization

THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST

Employer identification number

04-3828582

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................1

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iii) Type of organization (described on lines 1- 10 above (see instructions))	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN		Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(A) TRUSTEES OF TUFTS COLLEGE	042103634	2	Yes		889,687	0

Total 1					889,687	0

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2024

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf ....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..
6	Public support. Subtract line 5 from line 4.

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
7	Amounts from line 4..
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support. Add lines 7 through 10

Gross receipts from related activities, etc. (see instructions) ..................

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2024 (line 6, column (f) divided by line 11, column (f)) .........

Public support percentage for 2023 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2024. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2023. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2024. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

10%-facts-and-circumstances test—2023. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990) 2024

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2024 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2023 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2024 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2023 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2024. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3 % support tests—2023. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2024

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Yes

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990) 2024

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Yes

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990) 2024

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990) 2024

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2024 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2024	(iii) Distributable Amount for 2024
1 Distributable amount for 2024 from Section C, line 6
2 Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2024:
a From 2019.......
b From 2020.......
c From 2021.......
d From 2022.......
e From 2023.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2024 distributable amount
i Carryover from 2019 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2024 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2024 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2025. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2020.....
b Excess from 2021.....
c Excess from 2022.....
d Excess from 2023.....
e Excess from 2024.....

Schedule A (Form 990) (2024)

Schedule A (Form 990) 2024

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
Schedule A, Part I LINE 11(G)(V) - AMOUNT OF MONETARY SUPPORT	TRUSTEES OF TUFTS COLLEGE (TUFTS), A SUPPORTED ORGANIZATION OF THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST (THE TRUST), PAID OPERATING COSTS FOR THE TRUST TOTALING $735,000 FOR THE YEAR-ENDED JUNE 30, 2025. THE TRUST REIMBURSED TUFTS FOR $775,000 OF THESE COSTS. CONSIDERING THE TIMING OF THE YEAR-END THE TRUST HAD OVERPAID TUFTS BY APPROXIMATELY $40,000 WHICH IS CURRENTLY REFLECTED AS AN ACCOUNT RECEIVABLE TO THE TRUST. THE OPERATING COSTS INCURRED BY THE TRUST INCLUDE SALARIES, BENEFITS AND OTHER GENERAL AND ADMINISTRATIVE COSTS. THE SALARIES AND BENEFITS COSTS ARE ATTRIBUTABLE TO EMPLOYEES OF TUFTS UNIVERSITY WHO MANAGE THE TRUST'S INVESTMENTS. FOR THE YEAR ENDED JUNE 30, 2025, THE TRUST PAID IN CASH $0 OF PREVIOUSLY ACCRUED GRANTS PAYABLE TO TUFTS AND had AN OUTSTANDING GRANT PAYABLE TO TUFTS FOR $1,819,845. THE CASH ASSOCIATED WITH THE GRANT WILL BE TRANSFERRED TO TUFTS IN THE FUTURE BASED ON THE TRUST'S GRANT DISTRIBUTION GUIDELINES. FOR THE YEAR ENDED JUNE 30, 2025 $1,819,845 WILL BE TRANSFERRED TO TUFTS OVER A LONG-TERM BASIS. THE TRUST PAYS INTEREST TO THE UNIVERSITY ON THE NON-CURRENT GRANTS PAYABLE AMOUNT. INTEREST PAYABLE AMOUNTED TO $154,687 AT JUNE 30, 2025. THE TRUST RECEIVED A LINE OF CREDIT OF $10,000,000 FROM TUFTS. THE LINE OF CREDIT IS USED FOR PORTFOLIO MANAGEMENT PURPOSES TO REDUCE THE NEED TO MAKE SHORT-TERM TRADES TO MAINTAIN CASH LEVELS DURING TRANSACTIONS AND MATURES IN SEPTEMBER 2026. THE AVERAGE RATE WAS 5.36% FOR 2025. AS OF JUNE 30, 2025 THE OUTSTANDING BALANCE ON THE LINE OF CREDIT FOR THE TRUST AMOUNTED TO $1,820,000.

Return Reference

Explanation

Schedule A, Part I LINE 11(G)(V) - AMOUNT OF MONETARY SUPPORT

TRUSTEES OF TUFTS COLLEGE (TUFTS), A SUPPORTED ORGANIZATION OF THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST (THE TRUST), PAID OPERATING COSTS FOR THE TRUST TOTALING $735,000 FOR THE YEAR-ENDED JUNE 30, 2025. THE TRUST REIMBURSED TUFTS FOR $775,000 OF THESE COSTS. CONSIDERING THE TIMING OF THE YEAR-END THE TRUST HAD OVERPAID TUFTS BY APPROXIMATELY $40,000 WHICH IS CURRENTLY REFLECTED AS AN ACCOUNT RECEIVABLE TO THE TRUST. THE OPERATING COSTS INCURRED BY THE TRUST INCLUDE SALARIES, BENEFITS AND OTHER GENERAL AND ADMINISTRATIVE COSTS. THE SALARIES AND BENEFITS COSTS ARE ATTRIBUTABLE TO EMPLOYEES OF TUFTS UNIVERSITY WHO MANAGE THE TRUST'S INVESTMENTS. FOR THE YEAR ENDED JUNE 30, 2025, THE TRUST PAID IN CASH $0 OF PREVIOUSLY ACCRUED GRANTS PAYABLE TO TUFTS AND had AN OUTSTANDING GRANT PAYABLE TO TUFTS FOR $1,819,845. THE CASH ASSOCIATED WITH THE GRANT WILL BE TRANSFERRED TO TUFTS IN THE FUTURE BASED ON THE TRUST'S GRANT DISTRIBUTION GUIDELINES. FOR THE YEAR ENDED JUNE 30, 2025 $1,819,845 WILL BE TRANSFERRED TO TUFTS OVER A LONG-TERM BASIS. THE TRUST PAYS INTEREST TO THE UNIVERSITY ON THE NON-CURRENT GRANTS PAYABLE AMOUNT. INTEREST PAYABLE AMOUNTED TO $154,687 AT JUNE 30, 2025. THE TRUST RECEIVED A LINE OF CREDIT OF $10,000,000 FROM TUFTS. THE LINE OF CREDIT IS USED FOR PORTFOLIO MANAGEMENT PURPOSES TO REDUCE THE NEED TO MAKE SHORT-TERM TRADES TO MAINTAIN CASH LEVELS DURING TRANSACTIONS AND MATURES IN SEPTEMBER 2026. THE AVERAGE RATE WAS 5.36% FOR 2025. AS OF JUNE 30, 2025 THE OUTSTANDING BALANCE ON THE LINE OF CREDIT FOR THE TRUST AMOUNTED TO $1,820,000.

Schedule A (Form 990) 2024

Additional Data

Software ID:	24020961
Software Version:	2024v5.1

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
right arrow

Attach to Form 990.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST

Employer identification number

04-3828582

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow

Number of states where property subject to conservation easement is located right arrow

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... right arrow

(ii)

Assets included in Form 990, Part X ............................... right arrow

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... right arrow

Assets included in Form 990, Part X ............................... right arrow

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) (Rev. 1-2025)

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....	88,591,238	93,564,961	102,013,729	99,719,995	82,005,163
b	Contributions ...		0	0	1,547,580	2,875,911
c	Net investment earnings, gains, and losses	-3,381,499	-3,864,256	-7,395,930	3,421,780	30,561,878
d	Grants or scholarships ...		0	0	1,181,588	14,838,921
e	Other expenditures for facilities and programs ...	853,450	990,271	991,543	1,372,587	782,506
f	Administrative expenses ....	107,847	119,196	61,295	121,451	101,530
g	End of year balance ......	84,248,442	88,591,238	93,564,961	102,013,729	99,719,995

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment right arrow

0 %

Permanent endowment right arrow

0 %

Term endowment right arrow

100 %

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....
b	Buildings ....
c	Leasehold improvements
d	Equipment ....
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..

Schedule D (Form 990) (Rev. 1-2025)

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) Closely-held equity interests
(B) Financial derivatives
(C) VENTURE CAPITAL	6,404,956	F
(D) PRIVATE EQUITY	77,807,173	F
(E) PRIVATE REAL ESTATE	2,983,712	F
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	87,195,841

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
Federal Income Taxes
Interest Payable-Related Party	154,687
LINE OF CREDIT	1,820,000






Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	1,974,687
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) (Rev. 1-2025)

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	-3,381,499
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	2,379,227
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ...........	2d	0
e	Add lines 2a through 2d .....................			2e	2,379,227
3	Subtract line 2e from line 1..................			3	-5,760,726
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b	0
c	Add lines 4a and 4b....................			4c	0
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	-5,760,726

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	961,297
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ...........	2d	0
e	Add lines 2a through 2d....................			2e	0
3	Subtract line 2e from line 1...................			3	961,297
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ...........	4b	0
c	Add lines 4a and 4b.....................			4c	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	961,297

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
Schedule D, Part V, Line 4 Intended uses of endowment funds	THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST INTENDS TO USE THE ENDOWMENT FUNDS TO ACHIEVE MISSION RELATED ACTIVITIES BY MAKING INVESTMENTS THAT PROMOTE: ECONOMIC INCLUSION, HEALTH & WELLNESS, REAL ESTATE, EDUCATION, ACCESS TO ENERGY AND NATURAL RESOURCES, AND SOCIAL INSTITUTIONS.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote	The Trust has an exemption from federal and state income tax under Section 501(c)(3) of the Internal Revenue Code and accordingly, no provision for income taxes is included in the financial statements. US GAAP requires the Trust to evaluate tax positions taken by the Trust and recognize a tax liability (or asset) if the Trust has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Trust has analyzed the tax positions taken and has concluded that as of June 30, 2025, there are no significant uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.

Return Reference

Explanation

Schedule D, Part V, Line 4 Intended uses of endowment funds

THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST INTENDS TO USE THE ENDOWMENT FUNDS TO ACHIEVE MISSION RELATED ACTIVITIES BY MAKING INVESTMENTS THAT PROMOTE: ECONOMIC INCLUSION, HEALTH & WELLNESS, REAL ESTATE, EDUCATION, ACCESS TO ENERGY AND NATURAL RESOURCES, AND SOCIAL INSTITUTIONS.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The Trust has an exemption from federal and state income tax under Section 501(c)(3) of the Internal Revenue Code and accordingly, no provision for income taxes is included in the financial statements. US GAAP requires the Trust to evaluate tax positions taken by the Trust and recognize a tax liability (or asset) if the Trust has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Trust has analyzed the tax positions taken and has concluded that as of June 30, 2025, there are no significant uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.

Schedule D (Form 990) (Rev. 1-2025)

Additional Data

Software ID:	24020961
Software Version:	2024v5.1

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SCHEDULE F(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16. Right arrow

Attach to Form 990. Right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization
THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST

Employer identification number

04-3828582

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.

For grantmakers. Does the organization maintain records to substantiate the amount of its grants and

other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(b) Number of offices in the region	(c) Number of employees, agents, and independent contractors in the region	(d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region)	(e) If activity listed in (d) is a program service, describe specific type of service(s) in the region	(f) Total expenditures for and investments in the region
	Central America and the Caribbean	0	0	Program Services	INVESTMENTS	5,507,000
	Europe (Including Iceland and Greenland)	0	0	Program Services	INVESTMENTS	17,585,000
	North America (Canada & Mexico only)	0	0	Program Services	INVESTMENTS	406,000
	Sub-Saharan Africa	0	0	Program Services	INVESTMENTS	3,417,000













3a	Sub-total ....	0	0			26,915,000
b	Total from continuation sheets to Part I ...	0	0			0
c	Totals (add lines 3a and 3b)	0	0			26,915,000

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) (Rev. 1-2025)

Schedule F (Form 990) (Rev. 1-2025)

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

1 (a) Name of organization		(b) IRS code section and EIN (if applicable)	(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of noncash assistance	(h) Description of noncash assistance	(i) Method of valuation (book, FMV, appraisal, other)

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......
3	Enter total number of other organizations or entities .......................

Schedule F (Form 990) (Rev. 1-2025)

Schedule F (Form 990) (Rev. 1-2025)Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance		(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement	(f) Amount of noncash assistance	(g) Description of noncash assistance	(h) Method of valuation (book, FMV, appraisal, other)

Schedule F (Form 990) (Rev. 1-2025)

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) (Rev. 1-2025)

Page 5

Part V

Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.

ReturnReference	Explanation
Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements	CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SUB-SAHARAN AFRICA-Accrual

Schedule F (Form 990) (Rev. 1-2025)

Additional Data

Software ID:	24020961
Software Version:	2024v5.1

- TIN:

Schedule J
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic

Attach to Form 990.
medium right arrow graphic

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST

Employer identification number

04-3828582

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) (Rev. 1-2025)

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1Michael W Howard TRUSTEE	(i) (ii)	0 ------------- 671,420	0 ------------- 0	0 ------------- 28,033	0 ------------- 43,320	0 ------------- 34,873	0 ------------- 777,646	0 ------------- 0
2James M Hurley TRUSTEE - START DATE 1/7/2025, END DATE 6/30/2025	(i) (ii)	0 ------------- 491,176	0 ------------- 0	0 ------------- 29,782	0 ------------- 43,320	0 ------------- 10,610	0 ------------- 574,888	0 ------------- 0
3TRYFAN D EVANS DIRECTOR OF INVESTMENTS- END DATE 12/31/2024	(i) (ii)	0 ------------- 339,804	0 ------------- 0	0 ------------- 31,778	0 ------------- 42,564	0 ------------- 873	0 ------------- 415,019	0 ------------- 0
4Saheba Sahni DIRECTOR OF INVESTMENTS (See Schedule O)	(i) (ii)	0 ------------- 176,798	0 ------------- 0	0 ------------- 91,009	0 ------------- 19,070	0 ------------- 8,245	0 ------------- 295,122	0 ------------- 0
5Craig W Smith Chief Investment Officer	(i) (ii)	0 ------------- 520,706	0 ------------- 0	0 ------------- 874	0 ------------- 43,320	0 ------------- 36,062	0 ------------- 600,962	0 ------------- 0

Schedule J (Form 990) (Rev. 1-2025)

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference

Explanation

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

CRAIG W. SMITH, CHIEF INVESTMENT OFFICER, PARTICIPATED IN AN EMPLOYEE INCENTIVE COMPENSATION PLAN THAT IS BASED OFF OF JOB AND PORTFOLIO PERFORMANCE WHICH ALLOWS FOR UP TO 100% OF BASE SALARY EARNINGS. HE RECEIVED A PAYOUT AMOUNT OF $0 IN 2024. THE TERMS OF THE INCENTIVE PAYOUTS INCLUDE A VESTING SCHEDULE COVERING TWO YEARS WHICH ALLOW FOR 50% IN YEAR ONE AND 50% IN YEAR TWO . THE ACTUAL INCENTIVE PAYOUTS ARE MADE IN THE SECOND FISCAL QUARTER FOLLOWING THE CLOSE OF THE FISCAL YEAR TO WHICH THE INCENTIVE PAYMENT APPLIES. TOTAL CURRENT-YEAR EARNED INCOME DEFERRAL AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN C. TRYFAN D. EVANS, DIRECTOR OF INVESTMENTS - END DATE 12/31/2024, PARTICIPATED IN AN EMPLOYEE INCENTIVE COMPENSATION PLAN THAT IS BASED OFF OF JOB AND PORTFOLIO PERFORMANCE WHICH ALLOW FOR UP TO 96% OF BASE SALARY EARNINGS. HE RECEIVED A PAYOUT AMOUNT OF $0 IN 2024. THE TERMS OF THE INCENTIVE PAYOUTS INCLUDE A VESTING SCHEDULE COVERING TWO YEARS WHICH ALLOW FOR 50% IN YEAR ONE AND 50% IN YEAR TWO . THE ACTUAL INCENTIVE PAYOUTS ARE MADE IN THE SECOND FISCAL QUARTER FOLLOWING THE CLOSE OF THE FISCAL YEAR TO WHICH THE INCENTIVE PAYMENT APPLIES. TOTAL CURRENT-YEAR EARNED INCOME DEFERRAL AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN C. SAHEBA SAHNI, DIRECTOR OF INVESTMENTS, PARTICIPATED IN AN EMPLOYEE INCENTIVE COMPENSATION PLAN THAT IS BASED OFF OF JOB AND PORTFOLIO PERFORMANCE WHICH ALLOW FOR UP TO 96% OF BASE SALARY EARNINGS. SHE RECEIVED A PAYOUT AMOUNT OF $0 IN 2024. THE TERMS OF THE INCENTIVE PAYOUTS INCLUDE A VESTING SCHEDULE COVERING TWO YEARS WHICH ALLOW FOR 50% IN YEAR ONE AND 50% IN YEAR TWO . THE ACTUAL INCENTIVE PAYOUTS ARE MADE IN THE SECOND FISCAL QUARTER FOLLOWING THE CLOSE OF THE FISCAL YEAR TO WHICH THE INCENTIVE PAYMENT APPLIES. TOTAL CURRENT-YEAR EARNED INCOME DEFERRAL AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN C.

Schedule J, Part III SCH J, PART II

THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST (THE TRUST) DOES NOT HAVE ITS OWN EMPLOYEES. THE SALARY EXPENSE, BENEFITS AND PAYROLL TAXES REPORTED WITHIN PART IX, FUNCTIONAL EXPENSES, REPRESENT OPERATING EXPENSE REIMBURSEMENTS TO THE TRUSTEES OF TUFTS COLLEGE (TUFTS) FOR USE OF ITS EMPLOYEES. FURTHER, ANY RELATED ORGANIZATION AMOUNTS LISTED REFLECT INCENTIVE PAYMENTS TIED DIRECTLY TO TUFTS OR THE TRUST INCENTIVE PLANS.

Schedule J (Form 990) (Rev. 1-2025)

Additional Data

Software ID:	24020961
Software Version:	2024v5.1

- TIN:

SCHEDULE O
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public
Inspection

Name of the organization

THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST

Employer identification number

04-3828582

Return Reference	Explanation
MISSION OF ORGANIZATION	The purpose of the fund is to support, benefit, and carry out the purposes of its public charity beneficiaries, including the Trustees of Tufts College, by making investments that have an impact on a range of societal challenges by empowering people to accelerate positive change. During the year ended June 30, 2025, the Omidyar-Tufts Active Citizenship Trust disbursed $4.1 million in investments. At June 30, 2025 the fund had made 40 investments and $209 million in investment commitments since inception. To date, the fund has provided investment capital in North America, Latin America, Africa, Europe and Central Asia. The fund currently has investments in 36 countries. The sectors in which the Trust invests are currently as follows: (a) Economic Inclusion: including, but not limited to, financial inclusion (microfinance, microinsurance, payments & remittances, etc.), enabling small- and medium-sized enterprises, community development, entrepreneurial ecosystems, and economic resilience; (b) Health & Wellness: including, but not limited to, healthcare services & delivery, drug development and biotechnology, wellness & healthy lifestyles, and addressing environmental & social determinants of health; (c) Real Estate: including, but not limited to, affordable housing, workforce housing, and community institutions (e.g., schools; medical facilities); (d) Education: including, but not limited to, early childhood & k-12 education, workforce training, education technology, educator training, student finance, and personalized & adaptive learning; (e) Access to Energy & Natural Resources: including, but not limited to, clean water & water rights, distributed power generation and grid and off-grid energy access. (f) Social Institutions: including, but not limited to, internet privacy & digital rights, technology that increases accountability and transparency, and tools that enable and empower civic engagement.
Form 990, Part V, Line 2a SALARY EXPENSE REIMBURSEMENT TO RELATED ORGANIZATIONS	THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST DOES NOT HAVE ITS OWN EMPLOYEES. THE SALARY EXPENSE REPORTED IN THE STATEMENT OF FUNCTIONAL EXPENSES REPRESENT AN EXPENSE REIMBURSEMENT TO THE TRUSTEES OF TUFTS COLLEGE FOR USE OF ITS EMPLOYEES.
Form 990, Part V, Line 3a UNRELATED BUSINESS INCOME - FOREIGN INVESTMENTS DISCLOSURE	THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST DOES NOT HAVE ANY UNRELATED BUSINESS GROSS INCOME OF $1,000 OR MORE. HOWEVER, IN ORDER TO MEET ITS DISCLOSURE REQUIREMENTS, A FORM 990-T IS FILED WITH THE IRS AS A RESULT OF THE VARIOUS FOREIGN INVESTMENTS HELD DURING THE FISCAL YEAR.
Form 990, Part VI, Line 11b Review of form 990 by governing body	THE TRUSTEES OF TUFTS COLLEGE'S IN-HOUSE TAX DEPARTMENT PREPARED THE TAX RETURN. A COMPREHENSIVE DRAFT FORM 990 WAS SUBMITTED FOR REVIEW BY MANAGEMENT. THE RETURN WAS THEN PROVIDED TO THE FULL GOVERNING BODY PRIOR TO FILING THE RETURN WITH THE IRS.
Form 990, Part VI, Line 12c Conflict of interest policy	THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST (THE TRUST), BEING A RELATED ORGANIZATION OF TRUSTEES OF TUFTS COLLEGE (TUFTS), ADHERES TO THE SAME TUFTS COMPLIANCE POLICY FOR CONFLICTS OF INTEREST DISCLOSURES. REGARDING THE TRUST GOVERNING BODY, ONE OF THE TRUSTEES IS A CURRENT MEMBER OF TUFTS GOVERNING BODY AND TWO TRUSTEES ARE CURRENT OFFICERS OF TUFTS. THE TRUST'S CHIEF INVESTMENT OFFICER AND DIRECTORS OF INVESTMENTS ARE ALSO THE CHIEF INVESTMENT OFFICER AND DIRECTORS OF INVESTMENTS FOR TUFTS. THE CHIEF INVESTMENT OFFICER OF THE TRUST IS ALSO A HIGHLY COMPENSATED EMPLOYEE FOR TUFTS. AFTER THE FISCAL-YEAR END, ALL OFFICERS,HIGHLY COMPENSATED EMPLOYEES, KEY EMPLOYEES AND GOVERNING BOARD MEMBERS ARE PROVIDED WITH AN ELECTRONIC ANNUAL DISCLOSURE QUESTIONNAIRE FORM WHICH IS USED TO REVEAL CONFLICTS OF INTEREST. EACH MEMBER IS REQUIRED, AFTER READING THE CONFLICT OF INTEREST POLICY, TO DISCLOSE ANY POTENTIAL CONFLICTS THAT MAY EXIST WITH THE ORGANIZATION OR A RELATED ORGANIZATION IN A STATEMENT THAT IS ELECTRONICALLY SIGNED AND DATED. ADDITIONALLY, FOR ALL OTHER REMAINING DISCLOSABLE PERSONS, INCLUDING THE OTHER TRUSTEES, THE SAME REQUEST FOR CONFLICTS OF INTEREST DISCLOSURES IS MADE PRIOR TO THE FILING OF THE FORM 990. AS PART OF THE ANNUAL MONITORING PROCESS, CONFLICT DISCLOSURES ARE REPORTED TO THE TUFTS AUDIT COMMITTEE VIA THE TUFTS EXECUTIVE VP OR TUFTS SECRETARY OF THE CORPORATION. THE AUDIT COMMITTEE IS NOTIFIED AND REVIEWS SUCH DISCLOSURES AND ADVISES ANY ACTIONS. THEREAFTER, IF A DISCLOSURE IS DEEMED TO BE A CONFLICT THE INDIVIDUAL WOULD THEN CONFIRM THAT THEY WILL NOT PARTICIPATE IN ANY DECISIONS RELATING TO THE SPECIFIC DISCLOSED CONFLICT.
Form 990, Part VI, Line 15a Process to establish compensation of top management official	IN ADDITION TO THE GOVERNING BOARD OF TRUSTEES, THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST(THE TRUST) HAS TWO KEY EMPLOYEES, TRYFAN EVANS, DIRECTOR OF INVESTMENTS - END DATE 12/31/2024 AND SAHEBA SAHNI, DIRECTOR OF INVESTMENTS , WHO MANAGE THE DAILY INVESTMENT OPERATIONS OF THE TRUST. AS EMPLOYEES OF TRUSTEES OF TUFTS COLLEGE THEIR COMPENSATION IS PAID DIRECTLY BY TRUSTEES OF TUFTS COLLEGE. THE TRUST REIMBURSES TRUSTEES OF TUFTS COLLEGE AS PART OF THE OPERATING COSTS OF THE TRUST. THE PROCESS FOR DETERMINING COMPENSATION INCLUDES USING COMPENSATION SURVEYS AND COMPARABLE LOCAL MARKET DATA WHICH IS MAINTAINED BY HUMAN RESOURCES.
Form 990, Part VI, Line 19 Required documents available to the public	THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. ALL ARE AVAILABLE UPON REQUEST. ADDITIONALLY, THE COMPANY'S AUDITED FINANCIAL STATEMENTS AND ITS CONFLICT OF INTEREST AND BUSINESS CONDUCT POLICIES ARE AVAILABLE UPON REQUEST BY CONTACTING, VIA EMAIL, THE TUFTS UNIVERSITY, EXECUTIVE DIRECTOR OF PUBLIC RELATIONS AT PATRICK.COLLINS@TUFTS.EDU.
Form 990, Part VII, Section A, Line 1a, Column (E) COMPENSATION FROM RELATED ORGANIZATIONS	A)TRUSTEE'S NAME: MICHAEL W. HOWARD B) NAME OF RELATED ORGANIZATION: TRUSTEES OF TUFTS COLLEGE C) RELATIONSHIP BETWEEN ORGANIZATIONS: SUPPORTED ORGANIZATION D) COMPENSATION DESCRIPTION: MICHAEL W. HOWARD IS THE EXECUTIVE VP AT THE TRUSTEES OF TUFTS COLLEGE. HE IS COMPENSATED BY THE TRUSTEES OF TUFTS COLLEGE FOR THAT ROLE. A) KEY EMPLOYEE'S NAME: CRAIG W. SMITH B) NAME OF RELATED ORGANIZATION: TRUSTEES OF TUFTS COLLEGE C) RELATIONSHIP BETWEEN ORGANIZATIONS: SUPPORTED ORGANIZATION D) COMPENSATION DESCRIPTION: CRAIG W. SMITH , THE TRUSTS' CHIEF INVESTMENT OFFICER , IS A FULL TIME EMPLOYEE OF THE TRUSTEES OF TUFTS COLLEGE. HE ALSO SERVES AS THE TRUSTEES OF TUFTS COLLEGE CIO AND IS COMPENSATED BY THE TRUSTEES OF TUFTS COLLEGE FOR THAT ROLE. A)TRUSTEE'S NAME: JAMES M. HURLEY B) NAME OF RELATED ORGANIZATION: TRUSTEES OF TUFTS COLLEGE C) RELATIONSHIP BETWEEN ORGANIZATIONS: SUPPORTED ORGANIZATION D) COMPENSATION DESCRIPTION: JAMES M. HURLEY WAS THE VP OF FINANCE & TREASURER AT THE TRUSTEES OF TUFTS COLLEGE UNTIL JUNE 30, 2025. HE WAS COMPENSATED BY THE TRUSTEES OF TUFTS COLLEGE FOR THAT ROLE. A) KEY EMPLOYEE'S NAME: TRYFAN D. EVANS B) NAME OF RELATED ORGANIZATION: TRUSTEES OF TUFTS COLLEGE C) RELATIONSHIP BETWEEN ORGANIZATIONS: SUPPORTED ORGANIZATION D) COMPENSATION DESCRIPTION: TRYFAN D. EVANS, DIRECTOR OF INVESTMENTS - END DATE 12/31/2024, WORKED FULL TIME ON THE DAILY INVESTMENT OPERATIONS OF THE TRUST. HOWEVER, HE WAS AN EMPLOYEE OF THE TRUSTEES OF TUFTS COLLEGE (TUFTS) AND WAS COMPENSATED BY TUFTS. HE ALSO PARTICIPATED IN AN INCENTIVE PLAN FOR BOTH TUFTS AND THE TRUST. A) KEY EMPLOYEE'S NAME: SAHEBA SAHNI B) NAME OF RELATED ORGANIZATION: TRUSTEES OF TUFTS COLLEGE C) RELATIONSHIP BETWEEN ORGANIZATIONS: SUPPORTED ORGANIZATION D) COMPENSATION DESCRIPTION: SAHEBA SAHNI, DIRECTOR OF INVESTMENTS, WORKS FULL TIME ON THE DAILY INVESTMENT OPERATIONS OF THE TRUST. HOWEVER, SHE IS AN EMPLOYEE OF THE TRUSTEES OF TUFTS COLLEGE (TUFTS) AND IS COMPENSATED BY TUFTS. SHE ALSO PARTICIPATES IN AN INCENTIVE PLAN FOR BOTH TUFTS AND THE TRUST.
Form 990, Part VII, Section A, Line 1a, Column (D) REPORTABLE COMPENSATION FROM THE ORGANIZATION	TRYFAN D. EVANS, THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST DIRECTOR OF INVESTMENTS - END DATE 12/31/2024, WAS COMPENSATED AS AN EMPLOYEE OF THE TRUSTEES OF TUFTS COLLEGE. HOWEVER, HIS SALARY AND BENEFITS HAVE BEEN CHARGED TO THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST AS TRYFAN SERVICED THE TRUST IN A FULL-TIME CAPACITY. HIS COMPENSATION IS ALSO LISTED AS AN OPERATING COST ON PART IX, STATEMENT OF FUNCTIONAL EXPENSES. SAHEBA SAHNI, THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST DIRECTOR OF INVESTMENTS, IS COMPENSATED AS AN EMPLOYEE OF THE TRUSTEES OF TUFTS COLLEGE. HOWEVER, HER SALARY AND BENEFITS HAVE BEEN CHARGED TO THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST AS SAHEBA SERVICES THE TRUST IN A FULL-TIME CAPACITY. HER COMPENSATION IS ALSO LISTED AS AN OPERATING COST ON PART IX, STATEMENT OF FUNCTIONAL EXPENSES.
Form 990, Part VII, Section A, Line 1a, Column (A) Name and Title	Saheba Sahni was the investment officer for Omidyar-Tufts Active Citizenship Trust until 12/31/2024. Her new position, as of 1/1/2025, is now Director of Investments. Thomas L. Pappas' position for Omidyar-Tufts Active Citizenship Trust was Trustee until 1/7/2025. His new role, as of 1/7/2025, is now Trustee & Chairperson.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) (Rev. 1-2025)

Additional Data

Software ID:	24020961
Software Version:	2024v5.1

- TIN:

SCHEDULE R
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public Inspection

Name of the organization

THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST

Employer identification number

04-3828582

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)TRUSTEES OF TUFTS COLLEGE 80 GEORGE STREET MEDFORD,MA02155 04-2103634	EDUCATION	MA	501(c)(3)	2	NA		No
(2)WALNUT HILL PROPERTIES CORP 14 CAPEN STREET MEDFORD,MA02155 04-3419100	REAL ESTATE MANAGEMENT	MA	501(c)(3)	Type I	TRUSTEES OF TUFTS COLLEGE		No
(3)TUFTS SHARED SERVICES INC 171 HARRISON AVE PO BOX 634 BOSTON,MA02111 23-7000827	COORDINATE HEALTH & EDUCATIONAL SERVICES	MA	501(c)(3)	Type I	TRUSTEES OF TUFTS COLLEGE		No
(4)TUFTS VETERINARY (SEE ATTACHED) 200 WESTBOROUGH ROAD NORTH GRAFTON,MA02158 04-3430674	VETERINARY EMERGENCY TREATMENT & CARE	MA	501(c)(3)	10	TRUSTEES OF TUFTS COLLEGE		No
(5)TUFTS UNIVERSITY POST-RETIREMENT PLAN 80 GEORGE STREET MEDFORD,MA02155 04-3236078	VEBA	MA	501(c)(9)		TRUSTEES OF TUFTS COLLEGE		No
(6)TUFTS GLOBAL INC 80 GEORGE STREET MEDFORD,MA02155 47-4543971	FOREIGN OPERATIONS SUPPORT ORGANIZATION	MA	501(c)(3)	Type I	TRUSTEES OF TUFTS COLLEGE		No
(7)CIVIC EDUCATION FOUNDATION 80 GEORGE STREET ATTN TAX DEPT MEDFORD,MA02155 04-6111643	RAISE CIVIC AWARENESS	MA	501(c)(3)	10	TRUSTEES OF TUFTS COLLEGE		No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) (Rev. 1-2025)

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No
(1) JM HOLDINGS INC 80 GEORGE STREET MEDFORD,MA02155 04-3184043	REAL ESTATE DEVELOPMENT	MA	TRUSTEES OF TUFTS COLLEGE	C Corporation					No
(2) PERPETUAL TRUSTS - (7) 80 George Street Medford,MA02155	SUPPORT	MA	TRUSTEES OF TUFTS COLLEGE	Trust					No
(3) CHARITABLE REMAINDER UNITRUSTS - (23) 80 George Street Medford,MA02155	SUPPORT	MA	TRUSTEES OF TUFTS COLLEGE	Trust					No
(4) TUFTS UNIVERSITY CHARITABLE TRUST 80 GEORGE STREET ATTN TAX DEPT MEDFORD,MA02155 51-6581922	SUPPORT		TRUSTEES OF TUFTS COLLEGE	Trust					No
(5) BRAINGATE INC 80 GEORGE STREET MEDFORD,MA02155 47-5489178	PATENT HOLDINGS	MA	TRUSTEES OF TUFTS COLLEGE	C Corporation					No

Schedule R (Form 990) (Rev. 1-2025)

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

Yes

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

Yes

o Sharing of paid employees with related organization(s) ............................

Yes

p Reimbursement paid to related organization(s) for expenses ............................

Yes

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

Yes

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) TRUSTEES OF TUFTS COLLEGE	M	735,000	FAIR MARKET VALUE
(2) TRUSTEES OF TUFTS COLLEGE	P	775,000	FAIR MARKET VALUE
(3) TRUSTEES OF TUFTS COLLEGE	E	1,820,000	FAIR MARKET VALUE
(4) TRUSTEES OF TUFTS COLLEGE	R	237,680	FAIR MARKET VALUE
(5) Trustees of Tufts College	B	1,819,845	fair market value

Schedule R (Form 990) (Rev. 1-2025)

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) (Rev. 1-2025)

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation
Schedule R, Part IV, Column (a) TRUSTS	THE PERPETUAL and CHARITABLE REMAINDER TRUSTS, and Charitable Lead Trusts ARE DOMICILED IN CALIFORNIA, MASSACHUSETTS, NEW JERSEY, AND TEXAS.
Schedule R, Part II, Column (a) TUFTS VETERINARY	TUFTS VETERINARY EMERGENCY TREATMENT & SPECIALTIES INC.
Schedule R, Part V, Line 1b Gift, grant, or capital contribution to related organization(s)	Omidyar-Tufts Active Citizenship Trust has a non-current grant payable to related party, Trustees of Tufts College.

Schedule R (Form 990) (Rev. 1-2025)

Additional Data

Software ID:	24020961
Software Version:	2024v5.1

1	Briefly describe the organization’s mission or most significant activities: PROMOTING EDUCATION THROUGH GRANTS AND MAKING POSITIVE SOCIETAL CHANGES THROUGH INVESTMENTS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	6
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	4
5	Total number of individuals employed in calendar year 2024 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........		0
9	Program service revenue (Part VIII, line 2g) .........		0
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	-1,743,767	-5,760,726
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)		0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	-1,743,767	-5,760,726
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...		0
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	795,455	668,467
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	314,012	292,830
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,109,467	961,297
19	Revenue less expenses. Subtract line 18 from line 12.......	-2,853,234	-6,722,023
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	92,627,703	88,102,191
21	Total liabilities (Part X, line 26).............	4,036,465	3,853,749
22	Net assets or fund balances. Subtract line 21 from line 20.....	88,591,238	84,248,442

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 853,450 including grants of $ ) (Revenue $ -5,760,726 )
	Making investments that have an impact on a range of societal challenges by empowering people to accelerate positive change.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses853,450

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) James M Hurley...................................................................... TRUSTEE - START DATE 1/7/2025, END DATE 6/30/2025	1.0 ................. 40.0	X		0	520,958	53,930
(2) Jeffrey M Moslow...................................................................... TRUSTEE & CHAIRPERSON - END DATE 1/7/2025	1.0 ................. 3.0	X		0	0	0
(3) Michael W Howard...................................................................... TRUSTEE	1.0 ................. 40.0	X		0	699,453	78,193
(4) PIERRE M OMIDYAR...................................................................... TRUSTEE	1.0 ................. 0.0	X		0	0	0
(5) ROBINSON JACOBS...................................................................... TRUSTEE	1.0 ................. 0.0	X		0	0	0
(6) THOMAS L PAPPAS...................................................................... TRUSTEE & CHAIRPERSON ( See Schedule O)	1.0 ................. 0.0	X		0	0	0
(7) Craig W Smith...................................................................... Chief Investment Officer	5.0 ................. 40.0		X	0	521,580	79,382
(8) Saheba Sahni...................................................................... DIRECTOR OF INVESTMENTS (See Schedule O)	30.0 ................. 10.0		X	0	267,807	27,315
(9) TRYFAN D EVANS...................................................................... DIRECTOR OF INVESTMENTS- END DATE 12/31/2024	30.0 ................. 10.0		X	0	371,582	43,437

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	0	2,381,380	282,257

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		0

		Business Code
2a
b
c
d
e
f	All other program service revenue.		0	0	0	0
g	Total. Add lines 2a–2f .....		0

3 Investment income (including dividends, interest, and othersimilar amounts) ......			24,685			24,685
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a
b	Less: rental expenses	6b
c	Rental income or (loss)	6c	0	0
d	Net rental income or (loss).......
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a	10,287,228
b	Less: cost or other basis and sales expenses	7b	16,072,639
c	Gain or (loss)	7c	-5,785,411	0
d	Net gain or (loss).........			-5,785,411			-5,785,411
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..

Business Code
11a
b
c
d	All other revenue ....			0	0	0	0
e	Total. Add lines 11a–11d ......			0
12	Total revenue. See instructions.....			-5,760,726	0	0	-5,760,726

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	578,508	520,657	57,851
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........	89,959	80,963	8,996
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	15,355	15,355
c	Accounting ...........	41,000		41,000
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	83,092	83,092
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	0	0	0	0
12	Advertising and promotion ....
13	Office expenses .......	413	413
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............	328	328
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	152,642	152,642
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..
23	Insurance ...
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a
b
c
d
e	All other expenses	0	0	0	0
25	Total functional expenses. Add lines 1 through 24e	961,297	853,450	107,847	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........				1
2	Savings and temporary cash investments .........			388,581	2	141,188
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			0	4	39,786
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				0	6	0
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......				9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	0
b	Less: accumulated depreciation	10b	0	0	10c	0
11	Investments—publicly traded securities .			0	11
12	Investments—other securities. See Part IV, line 11 .....			91,575,443	12	87,195,841
13	Investments—program-related. See Part IV, line 11 ..			0	13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			663,679	15	725,376
16	Total assets. Add lines 1 through 15 (must equal line 33)...			92,627,703	16	88,102,191

17	Accounts payable and accrued expenses .....	140,005	17	59,217
18	Grants payable ...	1,819,845	18	1,819,845
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
		0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	2,076,615	25	1,974,687
26	Total liabilities. Add lines 17 through 25..	4,036,465	26	3,853,749

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........	88,591,238	28	84,248,442
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	88,591,238	32	84,248,442
33	Total liabilities and net assets/fund balances ........	92,627,703	33	88,102,191

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No