Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
BETH AND RAVENEL CURRY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 2501 WEST 12TH STREET 605
  Room/suite
City or town
ERIE
State or province
PA
Country  
ZIP or foreign postal code
16505
A Employer identification number

23-7411083
B Telephone number (see instructions)

2125837096
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$638,583,048J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 10,000,000
2 Check .................
3 Interest on savings and temporary cash investments 19,210,612 19,210,612 19,210,612
4 Dividends and interest from securities... 3,697,640 3,697,640 3,697,640
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 36,369,033
b Gross sales price for all assets on line 6a 181,967,031
7 Capital gain net income (from Part IV, line 2)... 36,369,033
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 69,277,285 59,277,285 22,908,252
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 247,500 0 0 0
15 Pension plans, employee benefits....... 37,125 0 0 0
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
18,535 0 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
119,348 0 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
589,084 33,185 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 23,742 0 0 0
22 Printing and publications.......... 1,060 0 0 0
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
655,930 621,652 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,692,324 654,837 0 0
25 Contributions, gifts, grants paid....... 55,586,000 55,586,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 57,278,324 654,837 0 55,586,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 11,998,961
b Net investment income (if negative, enter -0-) 58,622,448
c Adjusted net income (if negative, enter -0-)... 22,908,252
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 385,877,800 451,192,714 451,192,714
2 Savings and temporary cash investments.........      
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 72,189,763 Click to see attachment
List of Attached Documents:
// Content
32,885,969 		145,579,066
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 21,198,896 Click to see attachment
List of Attached Documents:
// Content
28,621,632 		41,811,268
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 479,266,459 512,700,315 638,583,048
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe ) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
17
23 Total liabilities (add lines 17 through 22)......... 0 17
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 479,266,459 512,700,298
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 479,266,459 512,700,298
30 Total liabilities and net assets/fund balances (see instructions). 479,266,459 512,700,315
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
479,266,459
2
Enter amount from Part I, line 27a .....................
2
11,998,961
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
21,434,878
4
Add lines 1, 2, and 3 ..........................
4
512,700,298
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
512,700,298
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a ST GAINS P 2025-01-01 2025-12-31
b LT GAINS P 2020-01-01 2025-12-31
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 97,400,523   97,397,880 2,643
b 84,566,508   48,200,118 36,366,390
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,643
b       36,366,390
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 36,369,033
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ......................... 		Bracket 3 2,643
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 814,852
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 814,852
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 814,852
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 440,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 440,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 374,852
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax   Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
NY, PA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressBRCURRYFOUNDATION.ORG
14
The books are in care ofBETH AND RAVENEL CURRY FOUNDATION Telephone no. (212) 583-7096

Located at2501 WEST 12TH STREET SUITE 605ERIEPA ZIP+416505
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
RAVENEL B CURRY III PRESIDENT
2.00 		0 0 0
65 EAST 55TH STREET FL 26
NEW YORK,NY100221240
CAROLINE RIVERS CURRY TRUSTEE
2.00 		0 0 0
65 EAST 55TH STREET FL 26
NEW YORK,NY100221240
KIMBERLY DENNIS TRUSTEE
2.00 		0 0 0
2501 WEST 12TH STREET ST 605
ERIE,PA16505
VANESSA MENDOZA TRUSTEE
2.00 		0 0 0
2501 WEST 12TH STREET ST 605
ERIE,PA16505
TOBY STOCK TRUSTEE
2.00 		0 0 0
2501 WEST 12TH STREET ST 605
ERIE,PA16505
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
EMILY COX EXECUTIVE DIRECTOR
40.00 		247,500 37,125 0
2501 WEST 12TH STREET ST 605
ERIE,PA16505
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
ALTAMONT ADVISORS LLC CONSULTING 119,348
2501 WEST 12TH STREET SUITE 605
ERIE,PA16505
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
165,195,479
b
Average of monthly cash balances.......................
1b
439,198,730
c
Fair market value of all other assets (see instructions)................
1c
27,643,500
d
Total (add lines 1a, 1b, and 1c).......................
1d
632,037,709
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
632,037,709
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
9,480,566
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
622,557,143
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
31,127,857
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
31,127,857
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
814,852
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
814,852
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
30,313,005
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
30,313,005
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
30,313,005
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
55,586,000
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
55,586,000
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 30,313,005
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 1,840,555
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 55,586,000
a Applied to 2024, but not more than line 2a 1,840,555
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 30,313,005
e Remaining amount distributed out of corpus 23,432,440
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 23,432,440
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		23,432,440
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 .... 23,432,440
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
RAVENEL B CURRY III
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2025)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

3DE

3565 PIEDMONT ROAD NORTHEAST BLDG 1
SUITE 460
ATLANTA,GA30305 		    UNRESTRICTED 500,000

ADOPTION SHARE

PO BOX 1532
BRUNSWICK,GA31521 		    UNRESTRICTED 200,000

ALABAMA POLICY INSTITUTE

200 MISSIONARY RIDGE DRIVE SUITE
110
BIRMINGHAM,AL35242 		    UNRESTRICTED 75,000

ALEXANDER HAMILTON SOCIETY

1750 H ST NW SUITE 250
WASHINGTON,DC20006 		    UNRESTRICTED 250,000

AMERICAN ENTERPRISE INSTITUTE

1789 MASSACHUSETTS AVENUE NW
WASHINGTON,DC20036 		    YUVAL CHAIR, STOREY CHAIRS, OTHER PROJECTS 4,991,000

AMERICAN EXCHANGE PROJECT

38 BALCOM RD
SUDBURY,MA01776 		    UNRESTRICTED 400,000

AMERICAN FEDERATION FOR CHILDREN

5950 BERKSHIRE LANE SUITE 325
DALLAS,TX75225 		    UNRESTRICTED 500,000

APPLETREE INSTITUTE FOR EDUCATION

1801 MISSISSIPPI AVE SE THIRD FLOOR
WASHINGTON,DC20020 		    UNRESTRICTED 250,000

ARCHBRIDGE INSTITUTE

1367 CONNECTICUT AVENUE NW SUITE
200
WASHINGTON,DC20036 		    UNRESTRICTED 100,000

ATLAS NETWORK

TWO LIBERTY CENTER 4075 WILSON BLVD
SUITE 310
ARLINGTON,VA22203 		    UNRESTRICTED 400,000

BEACON CENTER OF TENNESSEE

1200 CLINTON ST SUITE 205
NASHVILLE,TN37203 		    UNRESTRICTED 150,000

BETTER TOGETHER

15275 COLLIER BLVD SUITE 201-284
NAPLES,FL34119 		    UNRESTRICTED 200,000

BILL OF RIGHTS INSTITUTE

1310 N COURTHOUSE RD SUITE 620
ARLINGTON,VA22201 		    AMERICA 250 EFFORTS, BRI JR., AND WORK IN PA, NC, VA, AZ, OH, WI, GA, AND NV 1,250,000

BLACK PASTORS UNITED FOR EDUCATION

1501 MARKET STREET
HARRISBURG,PA17103 		    WORK WITH PRIMER IN TX 150,000

BLACK PASTORS UNITED FOR EDUCATION

1501 MARKET STREET
HARRISBURG,PA17103 		    UNRESTRICTED 275,000

BLUE RIDGE CENTER

PO BOX 6186
CHARLOTTESVILLE,VA22906 		    EXPANSION & GEN OPPS 250,000

BUCKEYE INSTITUTE

88 EAST BROAD STREET SUITE 1300
COLUMBUS,OH43215 		    UNRESTRICTED 300,000

BUILDING HOPE

1730 PENNSYLVANIA AVENUE NORTHWEST
SUITE 250
WASHINGTON,DC20006 		    MICROSCHOOL START-UP LOAN FUND 250,000

CALVIN COOLIDGE PRESIDENTIAL FOUNDATION

PO BOX 97
PLYMOUTH,VT05056 		    UNRESTRICTED 100,000

CALVIN COOLIDGE PRESIDENTIAL FUND INC

PO BOX 97
PLYMOUTH,VT05056 		    UNRESTRICTED 100,000

CARDINAL INSTITUTE

PO BOX 11495
CHARLESTON,WV25339 		    UNRESTRICTED 125,000

CATALYZE CHALLENGE

PO BOX 37734
BALTIMORE,MD21297 		    UNRESTRICTED 500,000

CATO INSTITUTE

1000 MASSACHUSETTS AVE NW
WASHINGTON,DC20001 		    UNRESTRICTED 200,000

CENTER FOR TEEN FLOURISHING

PO BOX 524
EDGEMONT,PA19028 		    UNRESTRICTED 500,000

CENTER FOR THE RIGHTS OF ABUSED CHILDREN

3900 E CAMELBACK RD SUITE 300
PHOENIX,AZ85018 		    UNRESTRICTED 125,000

CHANGE SUMMER

119 W 72ND ST 187
NEW YORK,NY10023 		    UNRESTRICTED 250,000

CHARTER SCHOOL GROWTH FUND

1390 LAWRENCE STREET SUITE 200
DENVER,CO80204 		    UNRESTRICTED 5,000,000

CHILDREN'S SCHOLARSHIP FUND

8 W 38TH ST 9TH FLOOR
NEW YORK,NY10018 		    UNRESTRICTED AND FSTC IMPLEMENTATION 350,000

CHILDREN'S SCHOLARSHIP FUND PHILADELPHIA

1500 WALNUT STREET SUITE 1300
PHILADELPHIA,PA19102 		    UNRESTRICTED 200,000

CLEMSON INSTITUTE FOR THE STUDY OF CAPITALISM

110 DANIEL DRIVE
CLEMSON,SC29669 		    SNOW INSTITUTE FOR THE STUDY OF CAPITALISM 200,000

COMMONWEALTH FOUNDATION

225 STATE ST SUITE 502
HARRISBURG,PA17101 		    UNRESTRICTED 300,000

COMPETITIVE ENTERPRISE INSTITUTE

1310 L STREET NW 7TH FLOOR
WASHINGTON,DC20005 		    UNRESTRICTED 200,000

COMPSCI HIGH

447 WALES AVENUE
BRONX,NY10455 		    UNRESTRICTED 150,000

COUNCIL ON FOREIGN RELATIONS

58 E 68TH ST
NEW YORK,NY10065 		    UNRESTRICTED 50,000

CRISTO REY NETWORK

104 S MICHIGAN AVENUE SUITE 500
CHICAGO,IL60603 		    ADVANCING EXCELLENCE INITIATIVE 600,000

CRISTO REY NEW YORK SCHOOL

112 E 106TH ST
NEW YORK,NY10029 		    UNRESTRICTED 50,000

CRISTO REY PHILADELPHIA HIGH SCHOOL

1717 WEST ALLEGHENY AVENUE
PHILADELPHIA,PA19132 		    UNRESTRICTED 50,000

DONORS TRUST

1800 DIAGONAL RD SUITE 280
ALEXANDRIA,VA22314 		    UNRESTRICTED 175,000

DREXEL FUND

424 SOUTH MICHIGAN STREET 1214
SOUTH BEND,IN46601 		    UNRESTRICTED 560,000

ECONOMIC POLICY INNOVATION CENTER

316 PENNSYLVANIA AVENUE SE SUITE
501
WASHINGTON,DC20003 		    UNRESTRICTED 350,000

EDCHOICE

111 MONUMENT CIRCLE SUITE 2650
INDIANAPOLIS,IN46204 		    UNRESTRICTED 150,000

EDUCATION REFORM NOW

4301 50TH ST NW SUITE 300 2028 NW
WASHINGTON,DC20016 		    UNRESTRICTED 250,000

EL EDUCATION

247 WEST 35TH STREET 8TH FLOOR
NEW YORK,NY10001 		    UNRESTRICTED 250,000

EMERGE FELLOWSHIP

11251 NW FWY 330
HOUSTON,TX77092 		    UNRESTRICTED 50,000

EMERGENT ORDER FOUNDATION

4450 FRONTIER TRAIL
AUSTIN,TX78745 		    UNRESTRICTED 500,000

EMPOWER MISSISSIPPI

1000 NORTHPARK DRIVE
RIDGELAND,MS39157 		    UNRESTRICTED 100,000

EXCELNED

PO BOX 10691
TALLAHASSEE,FL32302 		    UNRESTRICTED 250,000

FEDERALIST SOCIETY

1776 I ST NW SUITE 300
WASHINGTON,DC20006 		    UNRESTRICTED 200,000

FIRING LINEWNET

825 EIGHTH AVENUE
NEW YORK,NY10019 		    UNRESTRICTED 100,000

FISCAL LAB

113 EAST GLENDALE AVENUE
ALEXANDRIA,VA22301 		    UNRESTRICTED 100,000

FOUNDATION FOR ECONOMIC EDUCATION

1819 PEACHTREE RD NE SUITE 300
ALANTA,GA30309 		    UNRESTRICTED 100,000

FOUNDATION FOR INDIVIDUAL RIGHTS AND EXPRESSION

510 WALNUT ST SUITE 1250
PHILADELPHIA,PA19106 		    UNRESTRICTED 1,500,000

FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY

201 WEST FIFTH STREET SUITE 1100
AUSTIN,TX78701 		    UNRESTRICTED 75,000

FRANKLIN NEWS FOUNDATION

20 N CLARK ST SUITE 3300
CHICAGO,IL60602 		    UNRESTRICTED 250,000

FRICK COLLECTION

1 E 70TH ST
NEW YORK,NY10021 		    CAMPAIGN FOR THE FRICK 400,000

FRICK COLLECTION

1 E 70TH ST
NEW YORK,NY10021 		    MEMBERSHIP, MUSIC PROGRAM 150,000

FRICK COLLECTION

1 E 70TH ST
NEW YORK,NY10021 		    UNRESTRICTED 250,000

FROST VALLEY YMCA CAMP

2000 FROST VALLEY RD
CLARYVILLE,NY12725 		    UNRESTRICTED 30,000

FUEL OKC

309 NW 13TH STREET
OKLAHOMA CITY,OK73103 		    THE LEARNING LAB AT CROSSROADS 25,000

FURMAN FREE SPEECH ALLIANCE

1202 STONNELL PLACE
ALEXANDRIA,VA22302 		    UNRESTRICTED 75,000

GENESYS WORKS

PO BOX 736133
DALLLAS,TX75373 		    UNRESTRICTED 100,000

GEO ACADEMIES

3145 N MERIDIAN ST
INDIANAPOLIS,IN46208 		    UNRESTRICTED 300,000

GEORGIA CENTER FOR OPPORTUNITY

3847 MEDLOCK BRIDGE ROAD
PEACHTREE CORNERS,GA30092 		    UNRESTRICTED 300,000

GOLDWATER INSTITUTE

500 E CORONADO RD
PHOENIX,AZ85004 		    DEFENDING AZ'S ESA PROGRAM 150,000

GREAT HEARTS ACADEMIES

4801 EAST WASHINGTON STREET SUITE
250
PHOENIX,AZ85034 		    FOR ACADEMICALLY AT-RISK STUDENTS 750,000

GREAT SCHOOLS

66 FRANKLIN STREET SUITE 300
OAKLAND,CA94607 		    UNRESTRICTED 75,000

HETERODOX ACADEMY

82 NASSAU ST 646
NEW YORK,NY10038 		    UNRESTRICTED 1,000,000

HOOVER INSTITUTION

434 GALVEZ MALL
STANFORD,CA94305 		    UNRESTRICTED 50,000

HUDSON INSTITUTE

1201 PENNSYLVANIA AVE NW SUITE 400
WASHINGTON,DC20004 		    WRM'S WORK, POLITICAL STUDIES PROGRAM, GEN OPPS 3,150,000

ILLINOIS POLICY INSTITUTE

300 SOUTH RIVERSIDE PLAZA STE 1650
CHICAGO,IL60606 		    CENTER FOR POVERTY SOLUTIONS 250,000

INSTITUTE FOR FAMILY STUDIES

PO BOX 1502
CHARLOTTESVILLE,VA22903 		    UNRESTRICTED 195,000

INSTITUTE FOR JUSTICE

901 N GLEBE RD SUITE 900
ARLINGTON,VA22203 		    UNRESTRICTED 250,000

INSTITUTE FOR REFORMING GOVERNMENT

11220 WEST BURLEIGH STREET SUITE
100
WAUWATOSA,WI53222 		    UNRESTRICTED 250,000

INSTITUTE FOR RESPONSIBLE CITIZENSHIP

1227 25TH ST NW 6TH FLOOR
WASHINGTON,DC20037 		    STIPENDS AND GEN OPPS 310,000

INSTITUTE FOR THE AMERICAN WORKER

PO BOX 458
HAMILTON,VA20159 		    UNRESTRICTED 50,000

INVEST IN EDUCATION FOUNDATION

PO BOX 38222
ALBANY,NY12203 		    UNRESTRICTED 100,000

JACK MILLER CENTER

3 BALA PLAZA WEST SUITE 401
BALA CYNWYD,PA19004 		    CIVIC THOUGHT AND LEADERSHIP INITIATIVE 100,000

JOHN LOCKE FOUNDATION

4800 SIX FORKS RD SUITE 220
RALEIGH,NC27609 		    UNRESTRICTED 200,000

KHAN ACADEMY

PO BOX 1630
MOUNTAIN VIEW,CA94042 		    UNRESTRICTED 2,000,000

LET GROW

228 PARK AVE S 77212
NEW YORK,NY10003 		    UNRESTRICTED 200,000

LIBERTAS NETWORK

2183 WEST MAIN STREET SUITE A102
LEHI,UT84043 		    UT ESA IMPLEMENTATION, LOW-INCOME CHILDREN IN CHILDREN'S ENTREPRENEURSHIP MARKETS, PRAXIS 300,000

LOVE YOUR SCHOOL

4940 EAST SUNNYSIDE DRIVE
SCOTTSDALE,AZ85254 		    UNRESTRICTED 75,000

MACKINAC CENTER FOR PUBLIC POLICY

140 WEST MAIN STREET
MIDLAND,MI48640 		    COMMUNITY ENGAGEMENT FOR ED REFORM 150,000

MAGPIE LITERACY CO CAMBIAR EDUCATION

17412 VENTURA BOULEVARD 268
ENCINO,CA91316 		    UNRESTRICTED 250,000

MANHATTAN INSTITUTE

52 VANDERBILT AVE
NEW YORK,NY10017 		    UNRESTRICTED 250,000

MERCATUS CENTER

3434 WASHINGTON BOULEVARD
ARLINGTON,VA22201 		    EMERGING SCHOLARS PROGRAM 200,000

NATIONAL ALLIANCE FOR PUBLIC CHARTER SCHOOLS

800 CONNECTICUT AVENUE NW SUITE 300
WASHINGTON,DC20006 		    UNRESTRICTED 350,000

NATIONAL CONSTITUTION CENTER

525 ARCH STREET
PHILADELPHIA,PA19106 		    UNRESTRICTED 500,000

NATIONAL REVIEW INSTITUTE

19 W 44TH ST SUITE 1701
NEW YORK,NY10036 		    UNRESTRICTED 50,000

NATIONAL SUMMER SCHOOL INITIATIVE

147 PRINCE ST 3/54
BROOKLYN,NY11201 		    UNRESTRICTED 300,000

NETWORK FOR TEACHING ENTREPRENEURSHIP

120 WALL ST 18TH FLOOR
NEW YORK,NY10005 		    UNRESTRICTED 75,000

NEW CRITERION

900 BROADWAY SUITE 602
NEW YORK,NY10003 		    UNRESTRICTED 10,000

NEW YORK HALL OF SCIENCE

4701 111TH ST
QUEENS,NY11368 		    UNRESTRICTED 100,000

NEW YORK HISTORICAL SOCIETY

170 CENTRAL PARK WEST AT RICHARD
GILDER WAY
NEW YORK,NY10024 		    UNRESTRICTED 300,000

NPOWER

PO BOX 804
FAIRFIELD,CT06824 		    UNRESTRICTED 100,000

ONE AMERICA MOVEMENT

4450 MITCHELLVILLE ROAD 1021
BOWIE,MD20716 		    UNRESTRICTED 100,000

ONYOURMARK EDUCATION CO CAMBIAR EDUCATION

17412 VENTURA BOULEVARD 268
ENCINO,CA91316 		    UNRESTRICTED 350,000

OPEN TO DEBATE FOUNDATION

105 EAST 52ND STREET 28TH FLOOR
NEW YORK,NY10022 		    UNRESTRICTED 25,000

PACIFIC LEGAL FOUNDATION

555 CAPITOL MALL SUITE 1290
SACRAMENTO,CA95814 		    UNRESTRICTED 200,000

PALMETTO PROMISE INSTITUTE

PO BOX 12676
COLUMBIA,SC29211 		    SC ESA IMPLEMENTATION 50,000

PARTNERSHIP SCHOOLS

450 LEXINGTON AVENUE SUITE 3035
NEW YORK,NY10163 		    UNRESTRICTED 200,000

PELICAN INSTITUTE

400 POYDRAS STREET SUITE 900
NEW ORLEANS,LA70130 		    UNRESTRICTED 150,000

PHILANTHROPY ROUNDTABLE

1120 20TH ST NW SUITE 400N
WASHINGTON,DC20036 		    UNRESTRICTED 350,000

PIONEER INSTITUTE

185 DEVONSHIRE STREET STE 1101
BOSTON,MA02110 		    STEVEN WILSON'S WORK 250,000

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

124 MOUNT AUBURN STREET
CAMBRIDGE,MA02138 		    FOR ARTHUR BROOKS' WORK 100,000

PRIMER FOUNDATION

396 WASHINGTON STREET
WELLESLEY,MA02481 		    TX EXPANSION WORK IN PARTNERSHIP WITH BPUE 480,000

PRIMER FOUNDATION

396 WASHINGTON STREET
WELLESLEY,MA02481 		    UNRESTRICTED 100,000

PROPEL AMERICA

800 BOYLSTON STREET PO BOX 990443
BOSTON,MA02199 		    UNRESTRICTED 150,000

QUEENS UNIVERSITY OF CHARLOTTE

1900 SELWYN AVE
CHARLOTTE,NC28274 		    QUEENS SUMMER RESEARCH PROGRAM ON FREE SPEECH, INTELLECTUAL DIVERSITY, AND CIVIL DISCOURSE 50,000

READWORKS

PO BOX 24673
BROOKLYN,NY11202 		    UNRESTRICTED 15,000

REASON FOUNDATION

5737 MESMER AVENUE
LOS ANGELES,CA90230 		    UNRESTRICTED 10,000

REFORMERS ACADEMY

11 THOMAS BURGIN PARKWAY
QUINCY,MA02169 		    EDUCATION REFORMERS ACADEMY 50,000

ROCKEFELLER UNIVERSITY

1230 YORK AVE BOX 164
NEW YORK,NY100656399 		    CAMPAIGN 2,000,000

ROCKEFELLER UNIVERSITY

1230 YORK AVE BOX 164
NEW YORK,NY100656399 		    UNRESTRICTED 250,000

RONALD REAGAN PRESIDENTIAL FOUNDATION AND INSTITUTE

850 16TH STREET NW
WASHINGTON,DC20006 		    STUDENT PROGRAMS AND ECONOMIC FORUM 100,000

SCHOOLAHOOP

2443 FILLMORE STREET 380-3386
SAN FRANCISCO,CA94115 		    UNRESTRICTED 100,000

SETON EDUCATION PARTNERS

1562 FIRST AVENUE NO 205-2219
NEW YORK,NY10028 		    UNRESTRICTED 500,000

SILICON SCHOOLS FUND

827 BROADWAY SUITE 300
OAKLAND,CA94607 		    UNRESTRICTED 1,000,000

SPARTANBURG ACADEMIC MOVEMENT

101 NORTH PINE STREET SUITE 150
SPARTANBURG,SC29302 		    MOVEMENT 2030 200,000

STAND TOGETHER FOUNDATION

PO BOX 45913
BALTIMORE,MD21297 		    NEXTLADDER VENTURES PARTNERSHIP 2,000,000

STATE POLICY NETWORK

1500 WILSON BLVD SUITE 600
ARLINGTON,VA22209 		    UNRESTRICTED 1,500,000

STEP UP TUTORING

1424 4TH ST STE 214
SANTA MONICA,CA90401 		    UNRESTRICTED 100,000

STUDENT SPONSOR PARTNERS

697 3RD AVE SUITE 429
NEW YORK,NY10017 		    CURRY SCHOLARSHIPS AND MENTORSHIPS 300,000

SUCCESS ACADEMY CHARTER SCHOOLS

95 PINE ST FLOOR 6
NEW YORK,NY10005 		    MOONSHOT CAMPAIGN 1,250,000

SUTHERLAND INSTITUTE

420 EAST SOUTH TEMPLE SUITE 510
SALT LAKE CITY,UT84111 		    WELFARE REFORM & POVERTY ALLEVIATION IN UT 100,000

TALENT MARKET

1633 CONNECTICUT AVE NW SUITE 300
WASHINGTON,DC20009 		    UNRESTRICTED 25,000

TEACH LIKE A CHAMPION

25 BROADWAY 3RD FLOOR
NEW YORK,NY10004 		    HIGH SCHOOL CURRICULUM, IMPLEMENTATION, EXTERNAL REVIEW 110,000

THE 74

222 BROADWAY 19TH FLOOR
NEW YORK,NY10038 		    LITERACY PROJECT AND GEN OPPS 150,000

THE FUND FOR AMERICAN STUDIES

1706 NEW HAMPSHIRE AVE NW
WASHINGTON,DC20009 		    UNRESTRICTED 125,000

THOMAS B FORDHAM INSTITUTE

1015 18TH STREET NW SUITE 902
WASIHNGTON,DC20036 		    UNRESTRICTED 25,000

US CHAMBER OF COMMERCE FOUNDATION

1615 H STREET NORTHWEST
WASHINGTON,DC20062 		    NATIONAL CIVICS BEE 350,000

UNCOMMON CONSTRUCTION

PO BOX 791438
NEW ORLEANS,LA70119 		    FOR EXPANSION EFFORTS 100,000

UNITED STATES MILITARY ACADEMY

698 MILLS ROAD
WEST POINT,NY10996 		    AMERICAN FOUNDATIONS PROGRAM 175,000

UNIVERSITY OF FLORIDA HAMILTON SCHOOL

PO BOX 14425
GAINESVILLE,FL32604 		    UNRESTRICTED 300,000

UNIVERSITY OF NORTH CAROLINA SCHOOL OF CIVIC LIFE AND LEADERSHIP

CAMPUS BOX 3408
CHAPEL HILL,NC27599 		    UNRESTRICTED 250,000

VELA EDUCATION FUND

1320 N COURTHOUSE RD SUITE 500
ARLINGTON,VA22201 		    FOUNDERS WHO FOCUS ON CORE LEARNING, STEM, CAREER AND TECHNICAL EDUCATION, AND ECONOMICS AND ENTREPRENEURSHIP. 2,000,000

VERTEX PARTNERSHIP ACADEMIES

1143 TAYLOR AVENUE
BRONX,NY10472 		    UNRESTRICTED 250,000

VMTS EDUCATION

137 MONTAGUE ST 132
BROOKLYN,NY11201 		    UNRESTRICTED 350,000

WEILL CORNELL MEDICINE

1300 YORK AVE BOX 314
NEW YORK,NY10065 		    UNRESTRICTED 250,000

WILSON SHEEHAN LAB FOR ECONOMIC OPPORTUNITIES

3020 JENKINS NANOVIC HALL
NOTRE DAME,IN46556 		    UNRESTRICTED 250,000

YEAR UP UNITED

45 MILK ST 9TH FLOOR
BOSTON,MA02109 		    UNRESTRICTED 150,000

YOUNG PEOPLE'S CHORUS OF NEW YORK CITY

37 WEST 65TH STREET 2ND FLOOR
NEW YORK,NY10023 		    UNRESTRICTED 325,000

ZETA CHARTER SCHOOLS

652 WEST 187TH STREET
NEW YORK,NY10033 		    UNRESTRICTED 150,000
Total ................................. 3a 55,586,000
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 19,210,612  
4 Dividends and interest from securities ....     14 3,697,640  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 36,369,033  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 59,277,285 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
59,277,285
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
BETH AND RAVENEL CURRY FOUNDATION
 
Employer identification number

23-7411083
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


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

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025) Page 2
Name of organization
BETH AND RAVENEL CURRY FOUNDATION
  		Employer identification number
23-7411083
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
RAVENEL B CURRY III
66 EAST 55TH ST FL 26
 
NEW YORK, NY10022

$ 10,000,000


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

$  


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

$  


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

$  


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

$  


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

$  


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

23-7411083
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
BETH AND RAVENEL CURRY FOUNDATION
  		Employer identification number

23-7411083
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2025 AccountingFeesSchedule
Name:
BETH AND RAVENEL CURRY FOUNDATION
EIN:
23-7411083
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 18,535 0 0 0

TY 2025 InvestmentsCorpStockSchedule
Name:
BETH AND RAVENEL CURRY FOUNDATION
EIN:
23-7411083
Name of Stock End of Year Book Value End of Year Fair Market Value
NEUBERGER 2,486,869 5,717,538
CITI CUSTODY 30,071,312 139,463,797
LUMINAR TECHNOLOGIES, INC. 143,216 143,216
JP MORGAN 184,572 254,515

TY 2025 InvestmentsOtherSchedule2
Name:
BETH AND RAVENEL CURRY FOUNDATION
EIN:
23-7411083
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
EXPLORADOR PANAM HORIZON FUND LP AT COST 1,091,257 1,091,257
CASDIN VENTURE OPPORTUNITIES FUND LP FMV 1,083,410 2,321,809
CASDIN PRIVATE GROWTH EQUITY FUND I, LP FMV 1,638,033 1,465,858
CASDIN PRIVATE GROWTH EQUITY FUND II, LP FMV 720,684 686,883
ALTA GLOBAL URBANIZATION FUND FMV 9,607,663 11,399,803
FALFURRIAS FMV 1,800,157 2,955,487
CASDIN PARTNERS OFFSHORE, LTD AT COST 6,620,040 6,620,040
FALFURRIAS II FMV 514,414 959,147
JP MORGAN - GOLD FMV 5,545,974 14,310,984

TY 2025 OtherExpensesSchedule
Name:
BETH AND RAVENEL CURRY FOUNDATION
EIN:
23-7411083
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL FEES 2,436 0 0 0
PORTFOLIO DEDUCTIONS 489,685 489,685 0 0
DUES 4,549 0 0 0
INSURANCE 6,921 0 0 0
OFFICE EXPENSE 4,303 0 0 0
PROGRAM EXPENSE 16,069 0 0 0
INVESTMENT EXPENSES 131,967 131,967 0 0


TY 2025 OtherIncreasesSchedule
Name:
BETH AND RAVENEL CURRY FOUNDATION
EIN:
23-7411083
Description Amount
UNREALIZED APPRECIATION 21,434,878


TY 2025 OtherLiabilitiesSchedule
Name:
BETH AND RAVENEL CURRY FOUNDATION
EIN:
23-7411083
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT CARD LIABILITY 0 17


TY 2025 OtherProfessionalFeesSchedule
Name:
BETH AND RAVENEL CURRY FOUNDATION
EIN:
23-7411083
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 119,348 0 0 0


TY 2025 TaxesSchedule
Name:
BETH AND RAVENEL CURRY FOUNDATION
EIN:
23-7411083
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 14,725 0 0 0
EXCISE TAXES 539,424 0 0 0
STATE TAXES/REGISTRATIONS 1,750 0 0 0
FOREIGN TAXES 33,185 33,185 0 0