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
SUGAR FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 1532 AFT
  Room/suite
City or town
PENNINGTON
State or province
NJ
Country  
ZIP or foreign postal code
08534
A Employer identification number

47-3980241
B Telephone number (see instructions)

8888663275
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$6,958,130J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,999,305
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 178,818 178,807  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,594,853
b Gross sales price for all assets on line 6a 4,978,373
7 Capital gain net income (from Part IV, line 2)... 2,594,853
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 5,772,976 2,773,660  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,250 0 0 1,250
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
47,820 28,692   19,128
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,505 2,261   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
100     100
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 52,675 30,953 0 20,478
25 Contributions, gifts, grants paid....... 1,135,000 1,135,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 1,187,675 30,953 0 1,155,478
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,585,301
b Net investment income (if negative, enter -0-) 2,742,707
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 12,308 5,955 5,955
2 Savings and temporary cash investments......... 143,940 134,743 134,743
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts 0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......   Click to see attachment
List of Attached Documents:
// Content
2,105,836 		2,521,906
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).......... 3,807,034 Click to see attachment
List of Attached Documents:
// Content
4,164,125 		4,295,526
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) 3,963,282 6,410,659 6,958,130
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 3,963,282 6,410,659
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)..... 3,963,282 6,410,659
30 Total liabilities and net assets/fund balances (see instructions). 3,963,282 6,410,659
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
3,963,282
2
Enter amount from Part I, line 27a .....................
2
4,585,301
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,548,583
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
2,137,924
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
6,410,659
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 .048 AMERICAN BOND FD OF AMERICA CL F2   2024-12-31 2025-01-16
b 177.207 INVESCO CORE PLUS BOND FUND CL Y   2024-08-30 2025-03-13
c 5393.282 INVESCO CORE PLUS BOND FUND CL Y   2024-08-30 2025-03-13
d 165.794 INVESCO CORE PLUS BOND FUND CL Y   2024-08-30 2025-03-13
e 1232.362 KOPERNIK GLOBAL ALL CAP FUND INSTL CLASS   2023-05-17 2025-03-13
1321.496 KOPERNIK GLOBAL ALL CAP FUND INSTL CLASS   2021-03-16 2025-03-13
1206.539 KOPERNIK GLOBAL ALL CAP FUND INSTL CLASS   2022-03-09 2025-03-13
2257.678 ARTISAN HIGH INCOME FUND ADV CL   2020-06-01 2025-03-13
53.779 BARON REAL ESTATE FUND CLASS INSTL   2020-06-01 2025-03-13
280.951 BARON REAL ESTATE FUND CLASS INSTL   2021-03-16 2025-03-13
30.484 FULLERTHALER BEHAVIORAL SMALL CAP EQ FD CL INSTL   2021-03-16 2025-03-13
46.342 CREDIT SUISSE STRATEGIC INCOME FUND CL I   2024-07-29 2025-03-13
46.657 CREDIT SUISSE STRATEGIC INCOME FUND CL I   2024-07-29 2025-03-13
1076.874 CREDIT SUISSE STRATEGIC INCOME FUND CL I   2024-07-29 2025-03-13
3929.551 DWS RREEF REAL ASSETS FUND CL INSTL   2022-10-07 2025-03-13
14.086 AMERICAN EUPAC FUND CL F2   2020-02-20 2025-03-13
5309.254 ALPS SMITH TOTAL RETURN BOND FUND CL I   2020-01-07 2025-03-13
13. INVESCO RAFI EMERGING MARKETS ETF   2022-10-07 2025-03-13
717. INVESCO RAFI DEVELOPED MARKETS EX-US ETF   2022-10-07 2025-03-13
612. ISHARES TR CORE MSCI TOTAL INTL STK ETF   2022-10-07 2025-03-13
199. ISH TR CORE DIVID GROWTH ETF   2020-03-12 2025-03-13
7728.728 JP MORGAN CORE PLUS BOND CL I   2024-07-29 2025-03-13
34.995 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2025-02-28 2025-03-13
12.657 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2024-07-31 2025-03-13
123.138 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2024-08-30 2025-03-13
208.906 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2024-06-28 2025-03-13
48.041 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2024-10-31 2025-03-13
42.421 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2025-01-31 2025-03-13
210.671 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2024-07-31 2025-03-13
1048.508 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2023-05-17 2025-03-13
47.09 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2024-11-29 2025-03-13
121.148 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2023-05-31 2025-03-13
41.824 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2024-12-31 2025-03-13
161.43 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2023-06-30 2025-03-13
147.184 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2023-07-31 2025-03-13
158.882 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2023-08-31 2025-03-13
182.644 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2023-09-29 2025-03-13
89.592 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2023-10-04 2025-03-13
213.188 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2023-10-31 2025-03-13
204.425 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2023-11-30 2025-03-13
88.671 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2023-12-26 2025-03-13
206.227 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2023-12-29 2025-03-13
194.964 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2024-01-31 2025-03-13
189.667 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2024-02-29 2025-03-13
2635.754 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2024-03-11 2025-03-13
212.974 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2024-03-28 2025-03-13
203.507 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2024-04-30 2025-03-13
243.534 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2024-05-31 2025-03-13
45.147 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2024-09-30 2025-03-13
59. VANGUARD DIVIDEND APPRECIATION ETF   2020-03-12 2025-03-13
83. WISDOMTREE U.S. QUALITY DIVIDEND GROWTH FUND   2020-03-12 2025-03-13
676.201 EATON VANCE EQUITY STRATEGY FUND CL I   2019-12-13 2025-08-22
2752.454 EATON VANCE EQUITY STRATEGY FUND CL I   2022-03-09 2025-08-22
1126.014 EATON VANCE EQUITY STRATEGY FUND CL I   2020-08-12 2025-08-22
2017.697 EATON VANCE EQUITY STRATEGY FUND CL I   2020-03-12 2025-08-22
483.019 EATON VANCE EQUITY STRATEGY FUND CL I   2025-03-13 2025-08-22
436.621 EATON VANCE EQUITY STRATEGY FUND CL I   2024-03-11 2025-08-22
1119.316 EATON VANCE EQUITY STRATEGY FUND CL I   2023-10-04 2025-08-22
1790.401 EATON VANCE EQUITY STRATEGY FUND CL I   2023-05-17 2025-08-22
2866.738 INVESCO CORE PLUS BOND FUND CL Y   2024-08-30 2025-10-29
81.921 KOPERNIK GLOBAL ALL CAP FUND INSTL CLASS   2023-05-17 2025-10-29
101.248 AMER FUNDS AMCAP FUND CL F2   2019-06-25 2025-10-29
77.045 AMER FUNDS AMCAP FUND CL F2   2019-09-20 2025-10-29
9998.581 ANGEL OAK MULTI STRATEGY INCOME FUND CL INSTL   2023-10-04 2025-10-29
556. CAPITAL GROUP GROWTH ETF SHS   2023-10-04 2025-10-29
132.971 FULLERTHALER BEHAVIORAL SMALL CAP EQ FD CL INSTL   2021-03-16 2025-10-29
59.152 AMERICAN EUPAC FUND CL F2   2020-02-20 2025-10-29
1624.354 ALPS SMITH TOTAL RETURN BOND FUND CL I   2020-01-07 2025-10-29
72. INVESCO RAFI EMERGING MARKETS ETF   2022-10-07 2025-10-29
45. INVESCO RAFI DEVELOPED MARKETS EX-US ETF   2022-10-07 2025-10-29
30. ISHARES TR CORE MSCI TOTAL INTL STK ETF   2022-10-07 2025-10-29
3739.992 JP MORGAN CORE PLUS BOND CL I   2024-07-29 2025-10-29
.056 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2025-09-30 2025-10-29
.058 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2025-06-30 2025-10-29
.06 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2025-07-31 2025-10-29
.062 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2025-08-29 2025-10-29
.066 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2025-05-30 2025-10-29
12.657 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2025-03-31 2025-10-29
.061 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2025-04-30 2025-10-29
1. VANGUARD DIVIDEND APPRECIATION ETF   2020-03-12 2025-10-29
357. VANGUARD INTERNATIONAL DIVIDEND APPRECIATION   2022-03-09 2025-10-29
628. VANGUARD INTERNATIONAL DIVIDEND APPRECIATION   2020-03-12 2025-10-29
41. VANGUARD INDEX TR VANGUARD TOTAL STK MKT VIPERS   2017-12-19 2025-10-29
6. WISDOMTREE U.S. QUALITY DIVIDEND GROWTH FUND   2020-03-12 2025-10-29
47000. AIR LEASE CORP CL A   2010-06-04 2025-11-11
.056 PIMCO MORTGAGE OPPS AND BOND FD CL I2   2025-10-31 2025-11-20
8594.124 INVESCO CORE PLUS BOND FUND CL Y   2024-08-30 2025-12-02
4377.288 AQR DIVERSIFYING STRATEGIES FUND CL I   2025-03-13 2025-12-02
1190.668 GQG PARTNERS US SELECT QUALITY EQ FD CL INSTL   2025-03-13 2025-12-02
697.282 AMER FUNDS AMCAP FUND CL F2   2019-09-20 2025-12-02
2430.368 ANGEL OAK MULTI STRATEGY INCOME FUND CL INSTL   2023-10-04 2025-12-02
3830.803 ARTISAN HIGH INCOME FUND ADV CL   2020-06-01 2025-12-02
163.465 BARON REAL ESTATE FUND CLASS INSTL   2022-03-09 2025-12-02
21.156 BARON REAL ESTATE FUND CLASS INSTL   2023-05-17 2025-12-02
64.646 BARON REAL ESTATE FUND CLASS INSTL   2023-10-04 2025-12-02
58.634 BARON REAL ESTATE FUND CLASS INSTL   2024-07-29 2025-12-02
140.251 BARON REAL ESTATE FUND CLASS INSTL   2021-03-16 2025-12-02
82.095 BARON REAL ESTATE FUND CLASS INSTL   2021-11-24 2025-12-02
353.371 BLACKROCK HEALTH SCIENCE OPPORT PORTF CL INSTL   2025-03-13 2025-12-02
688. CAPITAL GROUP GROWTH ETF SHS   2023-10-04 2025-12-02
564.875 FULLERTHALER BEHAVIORAL SMALL CAP EQ FD CL INSTL   2021-03-16 2025-12-02
1868.238 CREDIT SUISSE STRATEGIC INCOME FUND CL I   2024-07-29 2025-12-02
2522.89 DWS RREEF REAL ASSETS FUND CL INSTL   2022-10-07 2025-12-02
169.328 DWS RREEF REAL ASSETS FUND CL INSTL   2022-12-20 2025-12-02
660.774 DWS RREEF REAL ASSETS FUND CL INSTL   2023-05-17 2025-12-02
115.169 AMERICAN EUPAC FUND CL F2   2020-02-20 2025-12-02
163.414 AMERICAN EUPAC FUND CL F2   2020-06-01 2025-12-02
1015.375 ALPS SMITH TOTAL RETURN BOND FUND CL I   2020-02-20 2025-12-02
5428.906 ALPS SMITH TOTAL RETURN BOND FUND CL I   2020-08-12 2025-12-02
145.833 ALPS SMITH TOTAL RETURN BOND FUND CL I   2020-01-07 2025-12-02
1624.354 ALPS SMITH TOTAL RETURN BOND FUND CL I   2025-11-11 2025-12-02
697.499 HOTCHKIS & WILEY VALUE OPPORTUNITIES FD CL I   2019-06-25 2025-12-02
473.701 HOTCHKIS & WILEY VALUE OPPORTUNITIES FD CL I   2019-09-20 2025-12-02
206. INVESCO RAFI EMERGING MARKETS ETF   2022-10-07 2025-12-02
147. INVESCO RAFI DEVELOPED MARKETS EX-US ETF   2022-10-07 2025-12-02
904. ISHARES TR CORE MSCI TOTAL INTL STK ETF   2022-10-07 2025-12-02
30. ISHARES TR CORE MSCI TOTAL INTL STK ETF   2022-10-07 2025-12-02
430. ISH TR CORE DIVID GROWTH ETF   2020-03-12 2025-12-02
2354.97 JANUS HENDERSON MULTI SECTOR INCOME FUND CL I   2025-10-29 2025-12-02
11278.771 JP MORGAN CORE PLUS BOND CL I   2024-07-29 2025-12-02
10161.105 LORD ABBETT INCOME FUND CL I   2024-07-29 2025-12-02
2498.453 PIMCO LOW DURATION INCOME FUND CL I2   2025-10-29 2025-12-02
515. SCHWAB FUNDAMENTAL INTL EQUITY ETF   2025-10-29 2025-12-02
135. VANGUARD DIVIDEND APPRECIATION ETF   2020-03-12 2025-12-02
197. VANGUARD INTERNATIONAL DIVIDEND APPRECIATION   2022-10-07 2025-12-02
53. VANGUARD INTERNATIONAL DIVIDEND APPRECIATION   2022-03-09 2025-12-02
461.1898 VANGUARD INDEX TR VANGUARD TOTAL STK MKT VIPERS   2017-12-19 2025-12-02
3.8102 VANGUARD INDEX TR VANGUARD TOTAL STK MKT VIPERS   2019-02-13 2025-12-02
370.323 AMERICAN WASHINGTON MUTUAL INV FD CL F2   2019-09-20 2025-12-02
161.59 AMERICAN WASHINGTON MUTUAL INV FD CL F2   2019-12-13 2025-12-02
323. WISDOMTREE U.S. QUALITY DIVIDEND GROWTH FUND   2020-03-12 2025-12-02
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(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   1  
b 1,632   1,664 -32
c 49,672   50,643 -971
d 1,527   1,557 -30
e 15,442   14,591 851
16,558   19,201 -2,643
15,118   15,637 -519
20,455   20,409 46
1,975   1,471 504
10,319   11,637 -1,318
1,247   1,104 143
437   441 -4
440   444 -4
10,155   10,252 -97
46,369   41,968 4,401
783   779 4
51,340   57,818 -6,478
285   216 69
37,491   25,575 11,916
42,796   31,600 11,196
12,065   6,437 5,628
55,879   55,724 155
327   327  
118   121 -3
1,149   1,163 -14
1,949   1,940 9
448   445 3
396   392 4
1,966   2,007 -41
9,783   9,875 -92
439   443 -4
1,130   1,137 -7
390   390  
1,506   1,517 -11
1,373   1,383 -10
1,482   1,487 -5
1,704   1,684 20
836   820 16
1,989   1,925 64
1,907   1,895 12
827   833 -6
1,924   1,938 -14
1,819   1,829 -10
1,770   1,769 1
24,592   24,746 -154
1,987   1,995 -8
1,899   1,872 27
2,272   2,260 12
421   427 -6
11,217   5,983 5,234
6,472   3,156 3,316
13,585   10,873 2,712
55,297   48,994 6,303
22,622   19,626 2,996
40,536   26,876 13,660
9,704   8,409 1,295
8,772   7,488 1,284
22,487   17,987 4,500
35,969   30,025 5,944
26,976   26,919 57
1,380   970 410
5,010   3,239 1,771
3,812   2,492 1,320
87,588   83,288 4,300
25,348   13,466 11,882
6,611   4,816 1,795
3,940   3,270 670
16,000   17,689 -1,689
1,894   1,199 695
2,815   1,605 1,210
2,537   1,549 988
27,489   26,965 524
1   1  
1   1  
1   1  
1   1  
1   1  
119   121 -2
1   1  
218   101 117
31,909   27,264 4,645
56,131   35,212 20,919
13,840   5,661 8,179
539   228 311
3,000,715   865,740 2,134,975
1   1  
80,527   80,699 -172
62,070   56,555 5,515
25,611   25,778 -167
34,195   22,557 11,638
21,266   20,245 1,021
35,167   34,630 537
6,797   5,850 947
880   655 225
2,688   1,904 784
2,438   2,243 195
5,832   5,809 23
3,414   3,262 152
25,998   24,386 1,612
30,406   16,663 13,743
28,046   20,460 7,586
17,505   17,786 -281
31,940   26,944 4,996
2,144   1,886 258
8,365   7,302 1,063
7,508   6,366 1,142
10,653   8,313 2,340
9,941   11,220 -1,279
53,149   63,084 -9,935
1,428   1,588 -160
15,902   17,624 -1,722
29,093   19,181 9,912
19,758   13,306 6,452
5,347   3,430 1,917
9,387   5,243 4,144
75,968   46,677 29,291
2,521   1,549 972
29,795   13,908 15,887
20,677   20,700 -23
82,786   81,320 1,466
25,200   24,895 305
20,762   20,762  
23,150   22,794 356
29,777   13,689 16,088
17,829   12,277 5,552
4,797   4,048 749
154,826   63,679 91,147
1,279   539 740
25,186   17,283 7,903
10,990   7,911 3,079
28,960   12,284 16,676
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
      65,479
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        
b       -32
c       -971
d       -30
e       851
      -2,643
      -519
      46
      504
      -1,318
      143
      -4
      -4
      -97
      4,401
      4
      -6,478
      69
      11,916
      11,196
      5,628
      155
       
      -3
      -14
      9
      3
      4
      -41
      -92
      -4
      -7
       
      -11
      -10
      -5
      20
      16
      64
      12
      -6
      -14
      -10
      1
      -154
      -8
      27
      12
      -6
      5,234
      3,316
      2,712
      6,303
      2,996
      13,660
      1,295
      1,284
      4,500
      5,944
      57
      410
      1,771
      1,320
      4,300
      11,882
      1,795
      670
      -1,689
      695
      1,210
      988
      524
       
       
       
       
       
      -2
       
      117
      4,645
      20,919
      8,179
      311
      2,134,975
       
      -172
      5,515
      -167
      11,638
      1,021
      537
      947
      225
      784
      195
      23
      152
      1,612
      13,743
      7,586
      -281
      4,996
      258
      1,063
      1,142
      2,340
      -1,279
      -9,935
      -160
      -1,722
      9,912
      6,452
      1,917
      4,144
      29,291
      972
      15,887
      -23
      1,466
      305
       
      356
      16,088
      5,552
      749
      91,147
      740
      7,903
      3,079
      16,676
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2,594,853
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ......................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 38,124
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 38,124
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 38,124
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 6,152
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,152
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 31,972
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax0 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
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)
CA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website address  
14
The books are in care ofBANK OF AMERICA NA Telephone no. (888) 866-3275

Located atPO BOX 1532 AFTPENNINGTONNJ ZIP+408534
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
RONALD D SUGAR TRUSTEE
1 		0    
228 COPA DE ORO RD
LOS ANGELES,CA900773804
VALERIE S SUGAR TRUSTEE
1 		0    
228 COPA DE ORO RD
LOS ANGELES,CA900773804
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................  
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
5,140,416
b
Average of monthly cash balances.......................
1b
49,874
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
5,190,290
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
5,190,290
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
77,854
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,112,436
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
255,622
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
255,622
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
38,124
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
38,124
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
217,498
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
217,498
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
217,498
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
1,155,478
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,155,478
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 7 217,498
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 659,710
b From 2021...... 332,989
c From 2022...... 361,499
d From 2023...... 397,800
e From 2024...... 406,619
f Total of lines 3a through e ........ 2,158,617
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,155,478
a Applied to 2024, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 217,498
e Remaining amount distributed out of corpus 937,980
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 3,096,597
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) ... 		659,710
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		2,436,887
10 Analysis of line 9:
a Excess from 2021 .... 332,989
b Excess from 2022 .... 361,499
c Excess from 2023 .... 397,800
d Excess from 2024 .... 406,619
e Excess from 2025 .... 937,980
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2025)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

UNIVERSITY OF SOUTHERN CALIFORNIA

UNIVERSITY PARK
LOS ANGELES,CA900890001 		N/A   UNRESTRICTED GENERAL 695,000

LOS ANGELES PHILHARMONIC ASSOCIATION

151 S GRAND AVENUE
LOS ANGELES,CA900123034 		N/A   UNRESTRICTED GENERAL 70,000

THE UCLA FOUNDATION

10889 WILSHIRE BLVD
LOS ANGELES,CA90024 		N/A   UNRESTRICTED GENERAL 330,000

COMMUNITY PARTNERS

1000 NORTH ALAMEDA STREET
LOS ANGELES,CA90012 		N/A   UNRESTRICTED GENERAL 40,000
Total ................................. 3a 1,135,000
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 178,818  
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 2,594,853  
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) ..   2,773,671  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,773,671
(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
SUGAR FAMILY FOUNDATION
 
Employer identification number

47-3980241
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
SUGAR FAMILY FOUNDATION
  		Employer identification number
47-3980241
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
RONALD AND VALERIE SUGAR
228 COPA DE ORO RD
 
LOS ANGELES, CA900773804

$ 2,999,305


(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
SUGAR FAMILY FOUNDATION
  		Employer identification number

47-3980241
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 47000 AIR LEASE CORP $ 2,999,305 2025-11-10
(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
SUGAR FAMILY FOUNDATION
  		Employer identification number

47-3980241
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:
SUGAR FAMILY FOUNDATION
EIN:
47-3980241
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE 1,250     1,250

TY 2025 InvestmentsCorpStockSchedule
Name:
SUGAR FAMILY FOUNDATION
EIN:
47-3980241
Name of Stock End of Year Book Value End of Year Fair Market Value
808524755 SCHWAB FUNDAMENTAL I 137,143 139,202
46432F834 ISHARES TR CORE MSCI 420,899 512,241
921946810 VANGUARD INTERNATION 128,529 139,827
46138E727 INVESCO RAFI EMERGIN 30,133 37,166
46434V621 ISH TR CORE DIVID GR 135,684 169,894
97717X669 WISDOMTREE U.S. QUAL 132,358 173,354
14020G101 CAPITAL GROUP GROWTH 157,113 185,885
921908844 VANGUARD DIVIDEND AP 133,722 168,974
46138E743 INVESCO RAFI DEVELOP 43,866 57,549
922908769 VANGUARD TOTAL STK M 786,389 937,814

TY 2025 InvestmentsOtherSchedule2
Name:
SUGAR FAMILY FOUNDATION
EIN:
47-3980241
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
921908844 VANGUARD DIVIDEND AP      
29875E100 AMERICAN EUPAC FUND AT COST 116,473 116,159
44134R834 HOTCHKIS & WILEY VAL AT COST 237,464 281,114
00766Y299 KOPERNIK GLOBAL ALL AT COST 40,569 53,472
277902573 EATON VANCE RCHRD BR      
46434V621 ISHARES CORE DIVIDEN      
97717X669 WISDOMTREE US QUALIT      
922908769 VANGUARD TOTAL STOCK      
939330825 AMERICAN WASHINGTON AT COST 172,708 194,124
023375827 AMER FUNDS AMCAP FUN AT COST 175,188 194,368
921946810 VANGUARD INTERNATION      
14064D865 FULLERTHALER BEHAVIO AT COST 130,358 157,356
31761R393 ALPS SMITH TOTAL RET AT COST 494,443 483,767
04314H717 ARTISAN HIGH INCOME AT COST 217,345 217,985
06828M801 BARON REAL ESTATE FU AT COST 113,077 115,204
46432F834 ISHARES CORE MSCI TO      
46138E743 INVESCO FTSE RAFI      
72201U646 PIMCO MORTGAGE      
46138E727 INVESCO FTSE RAFI EM      
25159K705 DWS RREEF REAL ASSET AT COST 231,671 244,636
03463K406 ANGEL OAK MULTI STRA AT COST 121,841 123,719
14020G101 CAPITAL GROUP GROWTH      
00141A479 INVESCO CORE PLUS BO AT COST 476,829 474,867
22540S745 CREDIT SUISSE STRATE AT COST 104,380 103,212
4812C0845 JP MORGAN CORE PLUS AT COST 485,612 486,463
543916670 LORD ABBETT INCOME F AT COST 143,495 144,036
00191K351 AQR DIVERSIFYING STR AT COST 390,555 401,771
47103D512 JANUS HENDERSON MULT AT COST 124,043 124,143
091937540 BLACKROCK HEALTH SCI AT COST 116,700 117,724
00774Q866 GQG PARTNERS US SELE AT COST 147,514 137,546
72201M792 PIMCO LOW DURATION I AT COST 123,860 123,860

TY 2025 OtherDecreasesSchedule
Name:
SUGAR FAMILY FOUNDATION
EIN:
47-3980241
Description Amount
TAX COST ADJUSTMENT 3,968
INCOME ADJUSTMENT 391
TAX TO MARKET ADJUSTMENT 2,133,565


TY 2025 OtherExpensesSchedule
Name:
SUGAR FAMILY FOUNDATION
EIN:
47-3980241
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AG FILING FEE 100 0   100


TY 2025 OtherProfessionalFeesSchedule
Name:
SUGAR FAMILY FOUNDATION
EIN:
47-3980241
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MGMT FEES - BOA 47,820 28,692   19,128


TY 2025 TaxesSchedule
Name:
SUGAR FAMILY FOUNDATION
EIN:
47-3980241
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL ESTIMATES - PRINCIPAL 1,244 0   0
FOREIGN TAXES ON QUALIFIED FOR 1,816 1,816   0
FOREIGN TAXES ON NONQUALIFIED 445 445   0