Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 07-01-2024 , and ending 06-30-2025
Name of foundation
THE ANGELL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)11150 W OLYMPIC BLVD 910
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90064
A Employer identification number

01-0789717
B Telephone number (see instructions)

(310) 475-9700
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$165,946,148J 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) 4,380,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 842,332 842,332  
4 Dividends and interest from securities... 2,192,076 2,192,076  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,486,046
b Gross sales price for all assets on line 6a 25,608,318
7 Capital gain net income (from Part IV, line 2)... 5,486,046
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,844    
12 Total. Add lines 1 through 11........ 12,904,298 8,520,454  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 726,000 197,500   528,500
14 Other employee salaries and wages...... 391,250     391,250
15 Pension plans, employee benefits....... 110,492 14,537   95,956
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
90,334 45,167   45,167
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
659,266 592,843   67,872
17 Interest............... 12,591 12,591    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
90,503 89,818   685
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
376    
20 Occupancy.............. 178,605     178,605
21 Travel, conferences, and meetings....... 12,721     12,721
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
311,908 241,534   70,374
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,584,046 1,193,990   1,391,130
25 Contributions, gifts, grants paid....... 6,216,022 6,206,522
26 Total expenses and disbursements. Add lines 24 and 25 8,800,068 1,193,990   7,597,652
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,104,230
b Net investment income (if negative, enter -0-) 7,326,464
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 14,919,465 16,884,689 16,884,689
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 37,407 37,407 37,407
10a Investments—U.S. and state government obligations (attach schedule) 5,262,159 Click to see attachment
List of Attached Documents:
// Content
9,797,444 		9,780,670
b Investments—corporate stock (attach schedule)....... 64,561,065 Click to see attachment
List of Attached Documents:
// Content
67,352,984 		95,562,975
c Investments—corporate bonds (attach schedule)....... 3,518,832 Click to see attachment
List of Attached Documents:
// Content
2,507,749 		2,502,279
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 33,715,255 Click to see attachment
List of Attached Documents:
// Content
28,959,893 		39,483,630
14 Land, buildings, and equipment: basis right arrow125,227
Less: accumulated depreciation (attach schedule) right arrow125,226 376 Click to see attachment
List of Attached Documents:
// Content
1 		1
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,558,143 		Click to see attachment
List of Attached Documents:
// Content
1,694,497 		Click to see attachment
List of Attached Documents:
// Content
1,694,497
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 123,572,702 127,234,664 165,946,148
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 123,572,702 127,234,664
29 Total net assets or fund balances (see instructions)..... 123,572,702 127,234,664
30 Total liabilities and net assets/fund balances (see instructions). 123,572,702 127,234,664
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
123,572,702
2
Enter amount from Part I, line 27a .....................
2
4,104,230
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
11,895
4
Add lines 1, 2, and 3 ..........................
4
127,688,827
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
454,163
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
127,234,664
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 5,000 SHS APPLE INC P 2012-11-27 2024-08-14
b GOLDMAN SACHS CAP GAIN DISTRIB P   2024-12-31
c NET CAP G/L-TIGER GLOBAL VII P   2024-12-31
d 4,000 SHS CITIGROUP P 2011-01-18 2024-11-12
e 30,000 SHS DIREXION DAILY SMALL CAP P   2025-04-07
NET CAP G/L-TIGER GLOBAL IX P   2024-12-31
8,000 SHS BANK OF AMERICA P 2010-01-21 2024-11-12
20,000 SHS DIREXION DAILY SMALL CAP P 2024-03-21 2025-04-07
NET CAP G/L-TIGER GLOBAL X P   2024-12-31
CAP G/L THRU US BK (7-12/24),SCH 1 P   2024-12-31
11,485 SHS UBER TECH P 2021-02-03 2025-05-12
NET CAP G/L-TIGER GLOBAL XI P   2024-12-31
CAP G/L THRU US BK (1-6/25), SCH 2 P   2025-06-30
10,000 SHS VANECK ETF TR GOLD MINERS P 2020-09-02 2025-05-06
NET CAP G/L-TIGER GLOBAL XII P   2024-12-31
CAP G/L THRU CNB 2510, SCH 3 P   2025-06-30
10,000 SHS ISHARES SILVER TR P 2020-09-09 2025-05-06
NET CAP G/L-TIGER GLOBAL XIV P   2024-12-31
CAP G/L THRU CNB 4710, SCH 4 P   2025-06-30
PRIN PMT-ISHARES SILVER TR P   2025-06-30
NET CAP G/L-GMT EXPLORATION P   2024-12-31
110,000 FIDELITY TREASURY P 2018-02-16 2024-07-17
NET CAP G/L-IBEX MICROCAP- LAZARUS P   2024-12-31
NET CAP G/L-CYGNUS PROPERTY VI P   2024-12-31
500,000 FIDELITY TREASURY P 2018-02-16 2024-09-18
NET CAP G/L-IBEX MICROCAP-LAZARUS 2 P   2024-12-31
NET CAP G/L-SUBURBAN PROPANE P   2024-12-31
220,000 FIDELITY TREASURY P 2018-02-16 2024-10-29
NET CAP G/L-IBEX ISRAEL FD P   2024-12-31
NET CAP G/L-OPPEN ACTIVIST PARTNERS P   2024-12-31
250,000 FORD MOTOR CREDIT NT P 2022-09-12 2024-09-20
NET CAP G/L-IBEX INV HLD-DAVLYN P   2024-12-31
NET CAP G/L-IBEX PARTNERS (GLASSBOX) P   2024-12-31
250,000 GOLDMAN SACHS NOTE P 2022-11-07 2024-11-12
NET CAP G/L-IBEX ISRAEL FD I -DAV P   2024-12-31
250,000 WELLS FARGO NOTE P 2022-10-26 2024-10-28
NET CAP G/L-IBEX INV HLD II-DAV P   2024-12-31
5,000 SHS CUSTOMERS BANCORP PFD P 2018-01-25 2025-06-16
NET CAP G/L-IBEX ISRAEL FD-DAV P   2024-12-31
OPPENHEIMER 1731 CAP GAIN DISTRIBTN P   2024-12-31
NET CAP G/L-TIGER GLOBAL V P   2024-12-31
(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 1,103,712   100,388 1,003,324
b 261,231     261,231
c     28,364 -28,364
d 276,565   200,010 76,555
e 688,359   459,992 228,367
    4,360 -4,360
367,463   127,124 240,339
458,906   371,880 87,026
3,351     3,351
6,154,736   4,135,226 2,019,510
999,883   484,251 515,632
12,303     12,303
6,265,193   5,231,252 1,033,941
503,352   385,954 117,398
40,267     40,267
2,111,794   1,335,553 776,241
301,337   249,455 51,882
    12,394 -12,394
3,981,097   4,015,359 -34,262
1,213   1,213  
17,739     17,739
110,000   110,000  
    187,304 -187,304
    30,707 -30,707
500,000   500,001 -1
    255,718 -255,718
26     26
220,000   220,000  
    511,457 -511,457
    220,837 -220,837
250,000   250,000  
15,386     15,386
    49,410 -49,410
250,000   250,000  
    10,510 -10,510
250,000   250,000  
88,381     88,381
125,000   130,778 -5,778
    2,775 -2,775
217,199     217,199
33,825     33,825
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       1,003,324
b       261,231
c       -28,364
d       76,555
e       228,367
      -4,360
      240,339
      87,026
      3,351
      2,019,510
      515,632
      12,303
      1,033,941
      117,398
      40,267
      776,241
      51,882
      -12,394
      -34,262
       
      17,739
       
      -187,304
      -30,707
      -1
      -255,718
      26
       
      -511,457
      -220,837
       
      15,386
      -49,410
       
      -10,510
       
      88,381
      -5,778
      -2,775
      217,199
      33,825
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 5,486,046
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 101,838
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 101,838
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 101,838
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 59,698
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 100,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 159,698
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 57,860
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow57,860 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowANGELLFOUNDATION.ORG
14
The books are in care ofright arrowPERRY ORETZKY Telephone no.right arrow (310) 475-9700

Located atright arrow11150 W OLYMPIC BLVD STE 915LOS ANGELESCA ZIP+4right arrow90064
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
 
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
PERRY ORETZKY PRESIDENT
40.00 		395,000 12,280 0
11150 W OLYMPIC BLVD 915
LOS ANGELES,CA90064
ANGELL ROBERSON DANIELS VICE PRESIDE
50.00 		331,000 9,281 0
11150 W OLYMPIC BLVD 910
LOS ANGELES,CA90064
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
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
CAMBIAR INVESTORS INVESTMENT SERV 232,649
200 COLUMBINE ST 800
DENVER,CO80206
VOYAGER MGMT LLC INVESTMENT SERV 188,036
11111 SANTA MONICA BLVD 1800
SANTA MONICA,CA90025
ARISTOTLE CAPITAL MGMT INVESTMENT SERV 105,383
11111 SANTA MONICA BLVD 1700
SANTA MONICA,CA90025
HYATT GIDLOW & CO CPAS CPA SERVICES 78,694
415 21ST STREET
HUNTINGTON BEACH,CA92648
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
141,839,225
b
Average of monthly cash balances.......................
1b
16,882,448
c
Fair market value of all other assets (see instructions)................
1c
1,658,788
d
Total (add lines 1a, b, and c).........................
1d
160,380,461
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
160,380,461
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,405,707
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
157,974,754
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,898,738
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
7,898,738
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
101,838
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
101,838
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,796,900
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
7,796,900
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
7,796,900
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
7,597,652
b
Program-related investments—total from Part VIII-B..................
1b
 
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
7,597,652
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 7,796,900
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 317,470
b From 2020......  
c From 2021......  
d From 2022...... 882,663
e From 2023...... 356,465
f Total of lines 3a through e ........ 1,556,598
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 7,597,652
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 7,597,652
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024. 199,248 199,248
(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 1,357,350
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		118,222
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,239,128
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 882,663
d Excess from 2023.... 356,465
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

A TINY HOME FOR GOOD

1222 SOUTH AVE
SYRACUSE,NY13207 		NONE PC HELP HOMELESS PEOPLE 5,000

ARTS UP LA

11777 SAN VICENTE STE 502
LOS ANGELES,CA90049 		NONE PC SERVICE ARTISTS W/ DISABILITIES, VA 2,500

ALMA BACKYARD FARMS

453 N ALMA AVE
LOS ANGELES,CA90063 		NONE PC FOOD EQUITY 100,000

ASIAN AMERICANS ADVANCING JUSTICE
SOUTHERN CALIFORNIA
1145 WILSHIRE BLVD
LOS ANGELES,CA90017 		NONE PC JUSTICE 10,000

ASSOC OF BLACK FDN EXCUTIVES

42 BROADWAY 20TH FL
NEW YORK,NY10004 		NONE PC TRANSFORMATIONAL LEADERSHIP 5,000

BARNSTABLE POLICE K-9 FD

P O BOX B
HYANNIS,MA02601 		NONE PC SERVICE DOG TRAINING 8,000

BLUEPATH SERVICE DOGS INC

71 E MAIN ST PO BOX 328
WAPPINGERS FALLS,NY12590 		NONE PC BLIND 2,500

BROTHERHOOD CRUSADE

200 E SLAUSON AVE
LOS ANGELES,CA90011 		NONE PC COMMUNITY SUPPORT 5,000

BOURNE EDUCATION FDN

PO BOX3144
BOURNE,MA02532 		NONE PC EDUCATION AS OPPORTUNITY 1,500

BOYS & GIRLS CLUB OF GREATER
LOS ANGELES
3 GEREMONTY DRIVE
SALEM,NH03079 		NONE PC YOUTH 9,500

BRADY SOCIAL ENTERPRISES

404 SOUTH AVE
SYRACUSE,NY13204 		NONE PC FOOD MARKET 4,500

CENTER FOR NONPROFIT MANAGEMENT

1000 N ALAMEDA ST 250
LOS ANGELES,CA90012 		NONE PC TRANSFORMATIONAL LEADERSHIP 10,000

CHILDREN YOUTH AND FAMILY
COLLABORATIVE
1200 W 37TH PLACE
LOS ANGELES,CA90007 		NONE PC YOUTH 2,500

CLEAR PATH FOR VETERANS

1223 SALT SPRINGS RD
CHITTENANGO,NY13037 		NONE PC VETERAN SUPPORT 3,500

DORCAS INTERNATIONAL

220 ELMWOOD AVE
PROVIDENCE,RI02907 		NONE PC CULTURAL CENTER 3,000

DUTCHESS COUNTY PRIDE CENTER

1085 STATE ROUTE 55 BOX
401
LA GRANGEVILLE,NY12540 		NONE PC COMMUNITY SERVICES 2,000

ELDREDGE PUBLIC LIBRARY

564 MAIN ST
CHATHAM,MA02633 		NONE PC EDUCATION AS OPPORTUNITY 5,000

FOOD FOR FREE

59 INNER BELT ROAD
SOMERVILLE,MA02143 		NONE PC FOOD EQUITY 2,500

FDN FOR CA COMMUNITY COLLEGES

P O BOX 744586
LOS ANGELES,CA90074 		NONE PC EDUCATION AS OPPORTUNITY 25,000

FRIENDS OF KAREN

118 TITICUS ROAD
NORTH SALEM,NY10560 		NONE PC YOUTH 10,000

GWS US FOUNDATION

1258 EAGLE ROAD
NEW HOPE,PA18938 		NONE PC EDUCATION AS OPPORTUNITY 1,500

GUILDING EYES FOR THE BLIND

611 GRANITE SPRINGS RD
YORKTOWN HEIGHTS,NY10598 		NONE PC TRAINING SERVICE DOGS 3,500

HARWICH CONSERVATION TRUST

PO BOX 101
SOUTH HARWICH,MA02661 		NONE PC SAVE LAND 5,000

HERO PUPS

20 PORTSMOUTH AVE 127
STRATHAM,NH03885 		NONE PC TRAINING SERVICE DOGS 7,000

HOMEBOY INDUSTRIES

130 WEST BRUNO ST
LOS ANGELES,CA90012 		NONE PC YOUTH 10,000

HUMANE CNY

4915 W TAFT RD
LIVERPOOL,NY13088 		NONE PC ANIMAL SHELTER 1,000

INSTITUTE FOR NONPROFIT PRACTICE

980 WASHINGTON ST STE 11
DEDHAM,MA02026 		NONE PC TRANSFORMATIONAL LEADERSHIP 5,000

JAPANESE AMERICAN NATIONAL MSEUM

100 N CENTRAL AVE
LOS ANGELES,CA90012 		NONE PC EDUCATION AS OPPORTUNITY 3,000

COMMUNITY PARTNERSLAS FOTOS PROJ

2210 E CESAR E CHAVEZ AVE
LOS ANGELES,CA90033 		NONE PC COMMUNITY SERVICES 7,500

LIBERTY HILL FOUNDATION

6420 WILSHIRE BLVD 700
LOS ANGELES,CA90048 		NONE PC JUSTICE 5,000

PEAR

338 NW 6TH AVE
PORTLAND,OR97209 		NONE PC YOUTH 9,500

PICO UNION PROJECT

1153 VALENCIA ST
LOS ANGELES,CA90015 		NONE PC CULTURAL CENTER 3,000

PLANNED PARENTHOOD LOS ANGELES

400 W 30TH STREET
LOS ANGELES,CA90007 		NONE PC WOMENS HEALTH 15,000

POLO'S PANTRY

4308 BURNS AVE
BURBANK,CA90029 		NONE PC FOOD EQUITY 2,500

PROJECT FREEDOM RIDE

PO BOX 624
EVANS,GA30809 		NONE PC VOTER REGISTRATION 3,500

REACH OUT AND READ ALABAMA

19 S JACKSON ST
MONTGOMERY,AL36104 		NONE PC EDUCATION AS OPPORTUNITY 5,000

REWORK RICHMOND

2123 FAIRMOUNT AVE
RICHMOND,VA23223 		NONE PC JOB DEVELOPMENT 4,000

SELMA DALLAS COUNTY PUBLIC LIBRARY

1103 SELMA AVE
SELMA,AL36701 		NONE PC EDUCATION AS OPPORTUNITY 5,000

SOUTHERN CALIFORNIA GRANTMAKERS

1000 N ALAMEDA ST 230
LOS ANGELES,CA90012 		NONE PC CONFERENCE & PROJECTS 8,022

SUSTAINABLE AGRICULTURE & FOOD SYS

133 E DE LA GUERRA ST 33
SANTA BARBARA,CA93101 		NONE PC FOOD EQUITY 7,500

TEMPLE ISAIAH

10345 W PICO BLVD
LOS ANGELES,CA90064 		NONE PC TRANSFORMATIONAL LEADERSHIP 5,000

THE ART EFFECT

45 PERSHING AVE
POUGHKEEPSIE,NY12601 		NONE PC YOUTH ART PROGRAM 1,500

THE DINNER PARTY

PO BOX 614
SWAMPSCOTT,MA01907 		NONE PC FOOD EQUITY 3,000

THE FAMILY PANTRY-DAMIEN'S PLACE

3065 CRANBERRY HIGHWAY
EAST WAREHAM,MA02538 		NONE PC FOOD EQUITY 3,500

THE SHEPHERD'S PANTRY

1 CHURCH RD
WINDHAM,NH03087 		NONE PC FOOD EQUITY 3,000

THEODORE PAYNE FDN FOR WILD FLOWERS
AND NATIVE PLANTS
10459 TUXFORD ST
SUN VALLEY,CA91352 		NONE PC HARTICULTURE 6,000

TIYYA FOUNDATION

505 N TUSTIN AVE STE 280
SANTA ANA,CA92705 		NONE PC PEOPLE IN NEED 3,000

URBAN FARMING INSTITUTE

487 NORFOLK ST
MATTAPAN,MA02126 		NONE PC FOOD EQUITY 150,000

THE AFRICAN AMERICAN BOARD LEADERSH
INSTITUTE
1000 N ALAMEDA ST 240
LOS ANGELES,CA90012 		NONE PC TRANSFORMATIONAL LEADERSHIP 25,000

THE HOME FOR LITTLE WANDERERS

72-74 E DEDHAM STREET
BOSTON,MA02118 		NONE PC PEOPLE IN NEED 2,500

FOUNDATION FOR LOUISIANA
VOICE VISION VALUE
2022 ST BERNARD AVE 122B
NEW ORLEANS,LA70116 		NONE PC COMMUNITY SERVICES 75,000

WALKGOOD INC

5042 WILSHIRE BLVD
LOS ANGELES,CA90036 		NONE PC JUSTICE 3,000

WOMEN CROSS DMZ

263 WINDSOR PLACE 411
BROOKLYN,NY11218 		NONE PC PEACE IN KOREA 5,000

WORLD CENTRAL KITCHEN

P O BOX 96538
WASHINGTON,DC20090 		NONE PC FOOD EQUITY 5,000

ABOUT FRESH - FRESH TRUCK

57 MAGAZINE ST
BOSTON,MA02119 		NONE PC FOOD EQUITY 100,000

ALLIANCE FOR CHILDREN'S RIGHT

4525 WILSHIRE BLVD
LOS ANGELES,CA90010 		NONE PC EDUCATION AS OPPORTUNITY 200,000

ANTI-RECIDIVISM COALITION

1320 EAST 7TH ST 260
LOS ANGELES,CA90021 		NONE PC EDUCATION AS OPPORTUNITY 100,000

COLLEGE VISIONS

180 WESTMINSTER ST
LONG BEACH,CA90815 		NONE PC EDUCATION AS OPPORTUNITY 40,000

CORO SOUTHERN CALIFORNIA

1000 N ALAMEDA ST 240
LOS ANGELES,CA90012 		NONE PC TRANSFORMATIONAL LEADERSHIP 100,000

FIRST STAR INC

2049 CENTURY PARK EAST
SUITE 4320
LOS ANGELES,CA90067 		NONE PC EDUCATION AS OPPORTUNITY 105,000

CAMPAIGN FOR COLLEGE OPPORTUNITY

1149 HILL ST 925
BOSTON,MA02109 		NONE PC EDUCATION AS OPPORTUNITY 200,000

COLLEGE ACCESS PLAN

871 E WASHINGTON BL 207
PROVIDENCE,RI02903 		NONE PC EDUCATION AS OPPORTUNITY 150,000

EDTRUST-WEST

580 2ND ST 200
OAKLAND,CA94607 		NONE PC EDUCATION AS OPPORTUNITY 100,000

FOURISH AGENDA

1714 FRANKLIN ST 100-321
OAKLAND,CA94612 		NONE PC TRANSFORMATIONAL LEADERSHIP 100,000

HEART OF LOS ANGELES

2701 WILSHIRE BLVD
LOS ANGELES,CA90067 		NONE PC EDUCATION AS OPPORTUNITY 200,000

READY TO SUCCEED

1514 17TH STREET
SAN FRANCISCO,CA94104 		NONE PC EDUCATION AS OPPORTUNITY 150,000

RESILIENT CODERS

1 BROADWAY
CHAPEL HILL,NC27517 		NONE PC EDUCATION AS OPPORTUNITY 60,000

LEADERS UP

P O BOX 862190
PASADENA,CA91105 		NONE PC EDUCATION AS OPPORTUNITY 250,000

SOUTHERN CALIFORNIA PUBLIC RADIO

474 S RAYMOND AVE
PASADENA,CA91105 		NONE PC SPECIAL PROJECTS 125,000

COMMUNITY PARTNERSLA FOOD POLICY
COUNCIL
305 E 1ST ST
LOS ANGELES,CA90012 		NONE PC FOOD EQUITY 135,000

RHODE ISLAND FOOD POLICY COUNCIL

10 DAVOL SQUARE
PROVIDENCE,RI02903 		NONE PC FOOD EQUITY 150,000

SHARE OUR STRENGTH

1030 15TH ST NW 1100W
WASHINGTON,DC20005 		NONE PC FOOD EQUITY 125,000

SOCIAL JUSTICE LEARNING INSTITUTE

600 CENTINELA AVE
INGLEWOOD,CA90302 		NONE PC FOOD EQUITY 100,000

TRUSTEES OF TUFTS UNIVERSITY

136 HARRISON AVE
BOSTON,MA02111 		NONE PC FOOD EQUITY 100,000

SOUTHERN CA GRANTMAKERS

1000 N ALAMEDA ST 230
LOS ANGELES,CA90012 		NONE PC TRANSFORMATIONAL LEADERSHIP 225,000

VERMONT SUSTAINABLE JOBS FUND INC

3 PITKIN COURT 301E
MONTPELIER,VT05602 		NONE PC FOOD EQUITY 50,000

NEO PHILANTHROPY
STATE INFRASTRUCTURE FUND
1001 AVE OF THE AMERICAS
12TH FLOOR
NEW YORK,NY10018 		NONE PC SPECIAL PROJECTS 250,000

SOUTHERN CA GRANTMAKERS
BLACK EQUITY COLLECTIVE
1000 N ALAMEDA ST 230
LOS ANGELES,CA90012 		NONE PC TRANSFORMATIONAL LEADERSHIP 150,000

BOLD (BALCK ORGANIZING FOR
LEADERSHIP AND DIGNITY)
PO BOX 1202
HAWKINSVILLE,GA31036 		NONE PC TRANSFORMATIONAL LEADERSHIP 75,000

BOSTON WOMEN'S FUND

678 MASS AVE 700
CAMBRIDGE,MA02139 		NONE PC TRANSFORMATIONAL LEADERSHIP 100,000

EARTH ISLAND INSTITUTE
CASTANEA FELLOWSHIP
2150 ALLISTON WAY STE 410
BERKELEY,CA94704 		NONE PC TRANSFORMATIONAL LEADERSHIP 150,000

COMMUNITY COALITION LA

8101 S VERMONT AVE
LOS ANGELES,CA90044 		NONE PC TRANSFORMATIONAL LEADERSHIP 75,000

SAN DIEGO FOOD SYSTEM ALLIANCE

P O BOX 3185
SAN DIEGO,CA92163 		NONE PC FOOD EQUITY 100,000

SEE-LA DBA FOOD ACCESS LA

1231 N SPRING ST C-102
LOS ANGELES,CA90012 		NONE PC FOOD EQUITY 75,000

THE BARACK OBAMA FOUNDATION

5235 S HARPER COURT 1140
CHICAGO,IL60615 		NONE PC TRANSFORMATIONAL LEADERSHIP 100,000

THE BOSTON FOUNDATION THE BOSTON
OPPORTUNITY AGENDA
75 ARLINGTON ST
SACRAMENTO,CA95814 		NONE PC EDUCATION AS OPPORTUNITY 75,000

NOURISH CA

1736 FRANKLIN ST 550
OAKLAND,CA94612 		NONE PC FOOD EQUITY 135,000

LIBERTY HILL FOUNDATION

6420 WILSHIRE BLVD 700
LOS ANGELES,CA90048 		NONE PC TRANSFORMATIONAL LEADERSHIP 100,000

NATIONAL GUILD FOR COMMUNITY ARTS
EDUCATION
520 8TH AVE 302
NEW YORK,NY10018 		NONE PC TRANSFORMATIONAL LEADERSHIP 65,000

COMMUNITY PARTNERSNEWGROUND
MUSLIM-JEWISH PARTNERSHIP FOR CHANGE
1000 N ALAMEDA ST 240
LOS ANGELES,CA90012 		NONE PC TRANSFORMATIONAL LEADERSHIP 87,500

NORTH STAR FUND

520 8TH AVE 1800
NEW YORK,NY10018 		NONE PC TRANSFORMATIONAL LEADERSHIP 75,000

ROCKWOOD LEADERSHIP INSTITUTE

548 MARKET ST PMB 47614
SAN FRANCISCO,CA94104 		NONE PC TRANSFORMATIONAL LEADERSHIP 250,000

SOCIAL JUSTICE PARTNERS LA

360 E 2ND ST 800
LOS ANGELES,CA90012 		NONE PC TRANSFORMATIONAL LEADERSHIP 75,000

UNIVERSITY OF SOUTHERN CALIFORNIA

3470 TROUSDALE PARKWAY
LOS ANGELES,CA90089 		NONE PC FOOD EQUITY 100,000

UNIVERSITY OF SAN DIEGO
HORIZON SCHOLARS
5998 ALCALA PARK
SAN DIEGO,CA92110 		NONE PC TRANSFORMATIONAL LEADERSHIP 200,000

COMMONWEALURBAN COLLABORATIVES

P O BOX 316
BOLINAS,CA94924 		NONE PC TRANSFORMATIONAL LEADERSHIP 150,000

WINDCALL INSTITUTE

1624 FRANKLIN ST 1022
OAKLAND,CA94612 		NONE PC TRANSFORMATIONAL LEADERSHIP 75,000

CCF COMMUNITY INITIATIVES FUND

211 S FIGUEROA ST 400
LOS ANGELES,CA90012 		NONE PC COMMUNITY SERVICE 5,000

CROSS MOVEMENT LEGACY INITIATIVE

3100 SE 21ST AVE
PORTLAND,OR97202 		NONE PC JUSTICE 10,000

FRIENDS OF FOSTER CHILDREN

P O BOX 1105
ARCADIA,CA91077 		NONE PC COMMUNITY SERVICE 3,000

FULFILLMENT FUND

6100 WILSHIRE BLVD 600
LOS ANGELES,CA90048 		NONE PC COMMUNITY SERVICE 25,000

FUTURE CHEFS

305 BLUE HILL AVE
BOSTON,MA02121 		NONE PC EDUCATION AS OPPORTUNITY 10,000

HEBREW UNION COLLEGE-JIR

3077 UNIVERSITY AVE
LOS ANGELES,CA90007 		NONE PC EDUCATION AS OPPORTUNITY 10,000

HOLLYWOOD FOOD COALITION

P O BOX 480157
LOS ANGELES,CA90048 		NONE PC FOOD EQUITY 2,500

INT'L DOCUMENTARY ASSOC

3600 WILSHIRE BLVD 1810
LOS ANGELES,CA90010 		NONE PC EQUCATION AS OPPORTUNITY 2,500

JEWISH FAMILY SERVICE OF LA

330 N FAIRFAX AVE
LOS ANGELES,CA90010 		NONE PC COMMUNITY SERVICE 30,000

JEWISH FREE LOAN ASSOCIATION

330 N FAIRFAX AVE
LOS ANGELES,CA90010 		NONE PC PEOPLE IN NEED 30,000

KOREATOWN YOUTH & COMMUNITY
CENTER
3727 W 6TH ST 300
LOS ANGELES,CA90020 		NONE PC COMMUNITY SERVICE 2,500

LOS ANGELES COMMUNITY GARDEN
COUNCIL
1110 N VIRGIL AVE 381
LOS ANGELES,CA90029 		NONE PC COMMUNITY SERVICE 5,000

MEET EACH NEED WITH DIGNITY

10641 N SAN FERNANDO RD
PACOIMA,CA91331 		NONE PC COMMUNITY SERVICE 5,000

MIKE MCNEIL ORGANIZATION

25 LONGWOOD AVE
LONDONDERRY,NH03053 		NONE PN COMMUNITY SERVICE 3,500

NEW LEAF ON LIFE

3870 CRENSHAW BLVD 212
LOS ANGELES,CA90008 		NONE PC HELP PEOPLE WITH DISABILITIES 5,000

PROYECTO PASTORAL

135 N MISSION RD
LOS ANGELES,CA90033 		NONE PC NEIGHBORHOOD EDUCATION & LEADERSHIP 2,500

SAFE PLACE FOR YOUTH

578 WASHINGTON BLVD 398
MARINA DEL REY,CA90292 		NONE PC YOUTH PROGRAM 2,500

SOCIAL JUSTICE LEARNING INSTITUTE

600 CENTINELA AVE
INGLEWOOD,CA90302 		NONE PC JUSTICE 5,000

ST JOSEPH CENTER

204 HAMPTON DR
VENICE,CA90291 		NONE PC SOCIAL SERVICE 5,000

SUPPORT WORKS HOUSING

1900 COOL LANE STE B
RICHMOND,VA23223 		NONE PC HELP HOMELESS PEOPLE 5,500

BEND THE ARC A JEWISH PTRSHIP
FOR JUSTICE
330 SEVENTH AVE 19 FL
NEW YORK,NY10001 		NONE PC TRANSFORMATIONAL LEADERSHIP 100,000
Total .................................right arrow 3a 6,216,022
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		        842,332
4 Dividends and interest from securities ....         2,192,076
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 ............ 		        5,486,046
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMISC INCOME 		        3,844
bK-1 GMT EXPLORATION 211100 -131,316      
cK-1 TIGER GOLBAL PIP XI 523000 -4,377      
dK-1 TIGER GOLBAL PIP XII 523000 -10,956      
eK-1 ASH V4 LLC 236000 -128,346      
fK-1 OAKTREE CAPITAL SERIES 523000 268      
gK-1 SRSC LOTS LLC 236000 -95,056      
hK-1 SUBURBAN PROPANE 211100 3,683      
iK-1 OAKTREE CAPITAL SERIES 523000 265      
jK-1 ASH DIGITAL V 2 211100 -14,040      
kVAR PRTNRSHP LOSS, SEE SCH         -240,366
lMOVE TO FORM 990-T         379,875
mMOVE TO OTHER EXP, LINE23         240,366
12 Subtotal. Add columns (b), (d), and (e) .. -379,875   8,904,173
13Total. Add line 12, columns (b), (d), and (e)..................
13
8,524,298
(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.)
3 SUPPORT GRANT MAKING BY PROVIDING INVESTMENT INCOME
4 SUPPORT GRANT MAKING BY PROVIDING INVESTMENT INCOME
8 SUPPORT GRANT MAKING BY PROVIDING INVESTMENT INCOME
11B SUPPORT GRANT MAKING BY PROVIDING INVESTMENT INCOME
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE ANGELL FOUNDATION
EIN:
01-0789717
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES 90,334 45,167   45,167

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

TY 2024 DepreciationSchedule
Name:
THE ANGELL FOUNDATION
EIN:
01-0789717
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
FURNITURE 2006-06-29 785 785 S/L 7.0000        
FURNITURE 2006-07-25 1,553 1,553 S/L 7.0000        
FURNITURE 2006-10-18 325 325 S/L 7.0000        
FURNITURE 2006-10-18 460 460 S/L 7.0000        
TELEPHONE 2006-09-05 6,533 6,533 S/L 5.0000        
PROJECTOR 2009-12-21 549 549 S/L 7.0000        
SHREDDER 2010-01-21 511 511 S/L 7.0000        
DESKS (2) 2009-12-05 1,612 1,612 S/L 7.0000        
CONF TABLE 2009-12-05 1,097 1,097 S/L 7.0000        
DONF TABLE CHAIRS 2009-12-05 2,616 2,616 S/L 7.0000        
CHAIRS RECEPT 2010-02-23 1,605 1,605 S/L 7.0000        
FRAMING 2010-05-07 1,017 1,017 S/L 7.0000        
SCANNER 2013-07-02 839 839 S/L 5.0000        
OFFICE FURNISHINGS 2015-01-01 56,636 56,636 S/L 5.0000        
OFFICE FURNISHINGS 2016-04-25 2,412 2,412 S/L 5.0000        
OFFICE EQUIPMENT 2016-02-19 2,540 2,540 S/L 5.0000        
OFFICE EQUIPMENT 2016-04-19 754 754 S/L 5.0000        
COMPUTER SOFTWARE 2015-12-11 17,000 17,000 S/L 3.0000        
COMPUTER SOFTWARE 2016-11-22 3,000 3,000 S/L 3.0000        
COMPUTER EQUIPMENT 2017-09-29 699 699 S/L 3.0000        
WEB DESIGN 2018-06-29 20,425 20,425 S/L 3.0000        
COMPUTER EQUIPMENT 2021-11-15 2,261 1,885 S/L 3.0000 376      

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE ANGELL FOUNDATION
EIN:
01-0789717
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 2,507,749 2,502,279

TY 2024 InvestmentsCorpStockSchedule
Name:
THE ANGELL FOUNDATION
EIN:
01-0789717
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE EQUITIES 67,352,984 95,562,975

TY 2024 InvestmentsGovtObligationsSch
Name:
THE ANGELL FOUNDATION
EIN:
01-0789717
US Government Securities - End of Year Book Value:

9,797,444
US Government Securities - End of Year Fair Market Value:

9,780,670
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 InvestmentsOtherSchedule2
Name:
THE ANGELL FOUNDATION
EIN:
01-0789717
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
REAL ESTATE ENTITIES AT COST 1,512,331 2,276,170
OIL AND GAS AT COST 1,958,328 2,825,562
PRIVATE PLACEMENTS AT COST 25,489,234 34,381,898

TY 2024 LandEtcSchedule2
Name:
THE ANGELL FOUNDATION
EIN:
01-0789717
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
OFFICE EQUIPMENT & FURNITURE 125,227 125,226 1 1


TY 2024 OtherAssetsSchedule
Name:
THE ANGELL FOUNDATION
EIN:
01-0789717
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DEPOSITS 14,390 15,022 15,022
LIFE INSURANCE CSV 1,463,687 1,601,134 1,601,134
ARTWORK 50,968 50,968 50,968
MISC 29,098 27,373 27,373


TY 2024 OtherDecreasesSchedule
Name:
THE ANGELL FOUNDATION
EIN:
01-0789717
Description Amount
PARTNERSHIPS NON-DED LOSSES 41,765
FORM 990-T LOSSES 379,875
PENALTIES 32,523


TY 2024 OtherExpensesSchedule
Name:
THE ANGELL FOUNDATION
EIN:
01-0789717
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
OFFICE EXPENSES 17,329     17,329
PARKING 9,240 924   8,316
PARTNERSHIP LOSS 240,366 240,366    
DUES & SUBSCRIPTIONS 33,781     33,781
INSURANCE 2,442 244   2,198
PROF DEVELOPMENT 8,750     8,750


TY 2024 OtherIncomeSchedule2
Name:
THE ANGELL FOUNDATION
EIN:
01-0789717
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISC INCOME 3,844   3,844
K-1 GMT EXPLORATION -131,316   -131,316
K-1 TIGER GOLBAL PIP XI -4,377   -4,377
K-1 TIGER GOLBAL PIP XII -10,956   -10,956
K-1 ASH V4 LLC -128,346   -128,346
K-1 OAKTREE CAPITAL SERIES A 268   268
K-1 SRSC LOTS LLC -95,056   -95,056
K-1 SUBURBAN PROPANE 3,683   3,683
K-1 OAKTREE CAPITAL SERIES B 265   265
K-1 ASH DIGITAL V 2 -14,040   -14,040
VAR PRTNRSHP LOSS, SEE SCH -240,366   -240,366
MOVE TO FORM 990-T 379,875   379,875
MOVE TO OTHER EXP, LINE23 240,366   240,366


TY 2024 OtherIncreasesSchedule
Name:
THE ANGELL FOUNDATION
EIN:
01-0789717
Description Amount
LIFE INSURANCE NT INCOME 11,895


TY 2024 OtherProfessionalFeesSchedule
Name:
THE ANGELL FOUNDATION
EIN:
01-0789717
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BROKERS' FEES 591,492 591,492    
CONSULTING FEES 37,250     37,250
COMPUTER FEES 17,018     17,018
PAYROLL PROCESSING FEES 13,506 1,351   13,604


TY 2024 TaxesSchedule
Name:
THE ANGELL FOUNDATION
EIN:
01-0789717
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES W/H ON DIV/PTRSHIP 82,341 82,341    
PROPERTY TAX & MISC FILING FEES 685     685
NET EXCISE TAXES 7,477 7,477