LOUD HOUND FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: LOUD HOUND FOUNDATION (EIN 81-3588263)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-14
IRS object ID: 202413199349103116
Schema version: 2023v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Legal Fees Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Liabilities Schedule
Other Professional Fees Schedule
Substantial Contributors Sch
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-14T12:33:11-06:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	941341042	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	FRANK RIMERMAN & CO LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1801 PAGE MILL ROAD	AddressLine1Txt
City	PALO ALTO	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94304	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	813588263	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LOUD HOUND FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	LOUD	BusinessNameControlTxt
Phone	4155616540	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1660 BUSH ST SUITE 300	AddressLine1Txt
City	SAN FRANCISCO	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94109	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MELISSA NARULA	PersonNm
Person Title	CEO & ASSISTANT SECRETARY	PersonTitleTxt
Phone	4155616540	PhoneNum
Signature	2024-11-12	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ROBERT N HOFFMAN	PreparerPersonNm
PTIN	P01062419	PTIN
Phone	6508458100	PhoneNum
Preparation	2024-11-12	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$136,139,434	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$2,564	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$103,815	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$220,637	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$244,302	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$2,527,146	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$3,715,561	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$2,413,662	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$18,956	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$24,707	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$2,769,303	TotalRevAndExpnssAmt
Total Net Invst Incm	$2,786,486	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$0	CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss	$2,592	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$0	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$0	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$62,050	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$15,513	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$15,013	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$361,262	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$58,594	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$247,584	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$134,463	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$0	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss	$6,343	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$565,823	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$0	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$566,710	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$639,930	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$262,597	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$5,250,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$9,450,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$5,816,710	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$639,930	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$9,712,597	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$3,047,407	ExcessRevenueOverExpensesAmt
Net Investment Income	$2,146,556	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$8,232,326	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$6,363,266	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$6,363,266	SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl	$493,857	OtherNtsAndLoansRcvblAmt
Other Rcvbl Allwnc Dbtfl Acct	$0	OtherRcvblAllwncDbtflAcctAmt
Other Nts And Loans Rcvbl BOY	$314,302	OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY	$493,857	OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV	$493,857	OtherNtsAndLoansRcvblEOYFMVAmt
Prepaid Expenses BOY	$172,804	PrepaidExpensesBOYAmt
Prepaid Expenses EOY	$77,767	PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV	$77,767	PrepaidExpensesEOYFMVAmt
Corporate Stock BOY	$82,233,546	CorporateStockBOYAmt
Corporate Stock EOY	$64,147,775	CorporateStockEOYAmt
Corporate Stock EOYFMV	$64,147,775	CorporateStockEOYFMVAmt
Other Investments BOY	$53,648,656	OtherInvestmentsBOYAmt
Other Investments EOY	$65,056,769	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$65,056,769	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$144,601,634	TotalAssetsBOYAmt
Total Assets EOY	$136,139,434	TotalAssetsEOYAmt
Total Assets EOYFMV	$136,139,434	TotalAssetsEOYFMVAmt
Accounts Payable EOY	$46,000	AccountsPayableEOYAmt
Grants Payable BOY	$9,400,000	GrantsPayableBOYAmt
Grants Payable EOY	$5,200,000	GrantsPayableEOYAmt
Other Liabilities BOY	$675,291	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$656,335	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$10,075,291	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$5,902,335	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$0	CapitalStockBOYAmt
Capital Stock EOY	$0	CapitalStockEOYAmt
Additional Paid In Capital BOY	$0	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$0	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	$134,526,343	RetainedEarningBOYAmt
Retained Earning EOY	$130,237,099	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$134,526,343	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$130,237,099	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$144,601,634	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$136,139,434	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$134,526,343	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$3,047,407	ExcessRevenueOverExpensesAmt
Other Increases	$11,355,875	OtherIncreasesAmt
Subtotal	$142,834,811	SubtotalAmt
Other Decreases	$12,597,712	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$130,237,099	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (15 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	Cost Or Other BasisCostOrOtherBasisAmt
CAPITAL GROUP CAP GAIN DISTRIBUTION	P	2022-12-30	2023-12-31	$269,219	$269,219	$269,219
FROM K-1: SCHF USTE LP	P	2023-01-01	2023-12-31		-$7,747	-$7,747	$7,747
FROM K-1: SCHF USTE LP	P	2022-12-30	2023-12-31	$1,034,823	$1,034,823	$1,034,823
FROM K-1: SCHF CIF 2017	P	2023-01-01	2023-12-31		-$3	-$3	$3
FROM K-1: SCHF CIF 2017	P	2022-12-30	2023-12-31	$60,974	$60,974	$60,974
FROM K-1: SCHF CIF 2018	P	2022-12-30	2023-12-31	$87,616	$87,616	$87,616
FROM K-1: PARADIGM ONE (US) FEEDER LP	P	2023-01-01	2023-12-31		-$3,287	-$3,287	$3,287
FROM K-1: PARADIGM ONE (US) FEEDER LP	P	2022-12-30	2023-12-31		-$62,717	-$62,717	$62,717
GAIN ON LIQUIDATION OF SPHERE KNOWLEDGE	P	2017-06-07	2023-12-31	$33,819	$33,819	$33,819
LOSS ON LIQUIDATION OF 11 HEALTH & TEACHNOLOGIES LP	P	2016-04-18	2023-12-31		-$387,623	-$387,623	$387,623
MORGAN STANLEY - SEE ATTACHED DETAIL	P	2022-12-30	2023-12-31	$2,224,108	$2,224,108	$2,224,108
FROM K-1: SCHF USTE LP	P	2022-12-30	2023-12-31	$5,002	$5,002	$5,002
FROM K-1: SCHF CIF 2017	P	2022-12-30	2023-12-31		-$341	-$341	$341
FROM K-1: CALIFORNIA FOREVER LP	P	2022-12-30	2023-12-31		-$27,681	-$27,681	$27,681
LOSS ON LIQUIDATION OF 11 HEALTH & TEACHNOLOGIES LP	P	2018-04-13	2023-12-31		-$812,500	-$812,500	$812,500

Field	Value	IRS element (for citing)
Capital Gain Net Income	$2,413,662	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$29,837	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$29,837	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$29,837	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$172,613	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$0	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$172,613	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$142,776	OverpaymentAmt
Applied To ES Tax	$142,776	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	CA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	Yes (1)	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	PACIFIC FOUNDATION SERVICES LLC	IndividualWithBooksNm
Phone	4155616540	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1660 BUSH ST SUITE 300	AddressLine1Txt
City	SAN FRANCISCO	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94109	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	0	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	0	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
WILLIAM MORITZ
1660 BUSH ST SUITE 300	SAN FRANCISCO	CA	94109	PRESIDENT	1.00	$0	$0	$0
MICHAEL MORITZ
1660 BUSH ST SUITE 300	SAN FRANCISCO	CA	94109	SECRETARY; TREASURER	0.00	$0	$0	$0
MELISSA NARULA
1660 BUSH ST SUITE 300	SAN FRANCISCO	CA	94109	CEO & ASSISTANT SECRETARY	2.00	$0	$0	$0
GRETCHEN SELFRIDGE
1660 BUSH ST SUITE 300	SAN FRANCISCO	CA	94109	AUDIT CHAIR	0.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
ARABELLA ADVISORS LLC
1828 L ST NW STE 300	WASHINGTON	DC	20036	PHILANTHROPY ADVISORY SERVICES	$258,333
FRANK RIMERMAN & CO LLP
1801 PAGE MILL ROAD	PALO ALTO	CA	94304	ACCOUNTING SERVICES	$62,050
PACIFIC FOUNDATION SERVICES LLC
1660 BUSH ST SUITE 300	SAN FRANCISCO	CA	94109	PROGRAM & ADMIN SERVICES	$55,419

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$130,744,136	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$2,472,829	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$505,263	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$133,722,228	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$133,722,228	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$2,005,833	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$131,716,395	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$6,585,820	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$6,585,820	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$29,837	TaxBasedOnInvestmentIncomeAmt
Total Tax	$29,837	TotalTaxAmt
Distributable Before Adj	$6,555,983	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$6,555,983	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$6,555,983	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$9,712,597	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$9,712,597	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$6,555,983	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr3	$3,101,498	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$5,264,649	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$3,431,019	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$11,797,166	TotalExcessDistributionCyovAmt
Qualifying Distributions	$9,712,597	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$6,555,983	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$3,156,614	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$14,953,780	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$14,953,780	ExcessDistriCyovToNextYrAmt
Excess From Year3	$3,101,498	ExcessFromYear3Amt
Excess From Year2	$5,264,649	ExcessFromYear2Amt
Excess From Year1	$3,431,019	ExcessFromYear1Amt
Excess From Current Year	$3,156,614	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	WILLIAM MORITZ	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
CIVIC NEWS COMPANY
450 7TH AVENUE 32ND FLOOR	NEW YORK	NY	10123	NONE	PC	GENERAL SUPPORT OF VOTEBEAT'S WORK IN ARIZONA, GEORGIA, NEVADA, PENNSYLVANIA AND WISCONSIN	$500,000
CLIMATE AND CLEAN ENERGY EQUITY FUND
CLIMATE AND CLEAN ENERGY EQUITY	WASHINGTON	DC	20005	NONE	PC	GENERAL SUPPORT FOR INITIATIVES IN ARIZONA, GEORGIA, NEVADA, PENNSYLVANIA AND WISCONSIN	$3,000,000	FUND C/O OPEN GOV HUB 1100 13TH STR
FUND FOR PUBLIC EDUCATION
PO BOX 1048	JACKSON	WY	83001	NONE	PC	MCINTOSH STADIUM PROJECT	$50,000
INTERNEWS NETWORK
PO BOX 4448 SUITE 350	ARCATA	CA	95518	NONE	PC	GENERAL SUPPORT OF LISTENING POST COLLECTIVE IN ARIZONA, GEORGIA, NEVADA, PENNSYLVANIA, WISCONSIN	$400,000
THE MIAMI FOUNDATION
40 NW 3RD STREET SUITE 305	MIAMI	FL	20036	NONE	PC	FOR GENERAL SUPPORT OF NEWSMATCH IN ARIZONA, GEORGIA, NEVADA, PENNSYLVANIA, WISCONSIN	$1,500,000
WAY TO RISE
1825 K STREET W	WASHINGTON	DC	20006	NONE	PC	GENERAL SUPPORT FOR INITIATIVES IN ARIZONA, GEORGIA, NEVADA, PENNSYLVANIA AND WISCONSIN	$4,000,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$9,450,000	TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
CIVIC NEWS COMPANY
450 7TH AVENUE 32ND FLOOR	NEW YORK	NY	10123	NONE	PC	GENERAL SUPPORT OF VOTEBEAT'S WORK IN ARIZONA, GEORGIA, NEVADA, PENNSYLVANIA AND WISCONSIN	$250,000
CLIMATE AND CLEAN ENERGY EQUITY FUND
C/O OPEN GOV HUB 1100 13TH STREET	WASHINGTON	DC	20005	NONE	PC	GENERAL SUPPORT FOR INITIATIVES IN ARIZONA, GEORGIA, NEVADA, PENNSYLVANIA AND WISCONSIN	$1,500,000	NW SUITE 800
INTERNEWS NETWORK
PO BOX 4448 SUITE 350	ARCATA	CA	95518	NONE	PC	GENERAL SUPPORT OF LISTENING POST COLLECTIVE IN ARIZONA, GEORGIA, NEVADA, PENNSYLVANIA, WISCONSIN	$200,000
THE MIAMI FOUNDATION
40 NW 3RD STREET SUITE 305	MIAMI	FL	20036	NONE	PC	FOR GENERAL SUPPORT OF NEWSMATCH IN ARIZONA, GEORGIA, NEVADA, PENNSYLVANIA, WISCONSIN	$750,000
WAY TO RISE
1825 K STREET W	WASHINGTON	DC	20006	NONE	PC	GENERAL SUPPORT FOR INITIATIVES IN ARIZONA, GEORGIA, NEVADA, PENNSYLVANIA AND WISCONSIN	$2,500,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Apprv Fut	$5,200,000	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2,564	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$220,637	ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

Field	Value	IRS element (for citing)
Exclusion	15	ExclusionCd

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$2,527,146	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	FEDERAL EXCISE TAX REFUND	Desc
Exclusion	01	ExclusionCd
Exclusion	$18,956	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$2,769,303	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$2,769,303	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$62,050	Amt
Net Investment Income	$15,513	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$15,013	DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (12 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
BOOM TECHNOLOGY INC.	$4,615,463	$4,615,463
MONZO	$7,943,645	$7,943,645
VIRTA HEALTH CORP	$4,988,377	$4,988,377
DUFFEL TECHNOLOGY INC	$1,017,996	$1,017,996
GENEVA TECHNOLOGIES, INC	$150,581	$150,581
MORGAN STANLEY - PUBLICLY TRADED EQUITY	$15,582,829	$15,582,829
CAPITAL GROUP STOCKS - PUBLICLY TRADED EQUITY	$6,334,542	$6,334,542
MOTTU HOLDINGS LTD	$6,978,444	$6,978,444
OUTSIDE INTERACTIVE, INC.	$10,360,901	$10,360,901
WAVE MONEY MOBILE HOLDINGS, INC.	$2,499,997	$2,499,997
ONX, INC.	$3,500,000	$3,500,000
FORMATION BIO	$175,000	$175,000

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (8 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
SCHF USTE, L.P.	FMV	$36,994,453	$36,994,453
SCHF CIF 2017-A, L.P.	FMV	$5,957,426	$5,957,426
SCHF CIF 2018-A, L.P.	FMV	$897,719	$897,719
CFE HOLDINGS LP	FMV	$5,351,711	$5,351,711
SCHF CIF III LP	FMV	$5,229,618	$5,229,618
SEQUOIA CAPITAL FUND	FMV	$299,590	$299,590
SEQUOIA CAPITAL FUND PARALLEL	FMV	$6,198,130	$6,198,130
PARADIGM ONE	FMV	$4,128,122	$4,128,122

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$2,592	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	PRIOR PERIOD ADJUSTMENT	Desc
Amt	$12,597,712	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FROM K-1: SCHF USTE - OTHER EXPENSES	$0	$291,544	$0
FROM K-1: SCHF CIF 2017 - OTHER EXPENSES	$0	$23,517	$0
FROM K-1: SCHF CIF 2018 - OTHER EXPENSES	$0	$3,656	$0
FROM K-1: CALIFORNIA FOREVER LP - OTHER EXPENSES	$0	$146,752	$0
FROM K-1: SCHF CO-INVESTMENT FUND III, LP - OTHER EXPENSES	$0	$2,311	$0
FROM K-1: PARADIGM ONE (US) FEEDER LP - OTHER EXPENSES	$0	$92,438	$0
FROM K-1: SEQUOIA CAPITAL FUND L.P.	$0	$32	$0
INSURANCE	$1,161	$0	$0
FOREIGN TAXES PAID	$5,182	$5,573	$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (12 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
FROM K-1:SCHF USTE - ORDINARY INCOME (LOSS)	$0	$19,392	$0
FROM K-1:SCHF CIF, LP (2017 SERIES) - ORDINARY INCOME (LOSS)	$0	$6,719	$0
FROM K-1: SCHF USTE - RENTAL INCOME (LOSS)	$0	-$36,139	$0
FROM K-1: CALIFORNIA FOREVER LP - RENTAL INCOME (LOSS)	$0	-$21,154	$0
FROM K-1: SCHF USTE - OTHER NET RENTAL RE	$0	$218	$0
FROM K-1: SCHF USTE - ROYALTY INCOME	$0	$45,348	$0
FROM K-1: SCHF CIF, LP (2017 SERIES) - ROYALTY INCOME	$0	$405	$0
FROM K-1: SCHF USTE - OTHER PORTFOLIO INCOME (LOSS)	$0	$3,521	$0
FROM K-1: SCHF CIF, LP (2017 SERIES) - OTHER PORTFOLIO INCOME (LOSS)	$0	$128	$0
FROM K-1: PARADIGM ONE (US) FE - OTHER PORTFOLIO INCOME (LOSS)	$0	$6,297	$0
FROM K-1: CALIFORNIA FOREVER LP - ROYALTY INCOME	$0	-$28	$0
FEDERAL EXCISE TAX REFUND	$18,956		$18,956

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED GAIN/LOSS	Desc
Amt	$11,355,875	Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

Field	Value	IRS element (for citing)
Desc	DEFERRED EXCISE TAX	Desc
BOY Book Value	$675,291	BOYBookValueAmt
EOY Book Value	$656,335	EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT FEES	$47,510	$47,510	$0
MANAGEMENT FEES	$55,419	$11,084	$33,251
PHILANTHROPY ADVISORS	$258,333	$0	$214,333

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

Field	Value	IRS element (for citing)
Person	WILLIAM MORITZ	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1660 BUSH ST SUITE 300	AddressLine1Txt
City	SAN FRANCISCO	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94109	ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
STATE FILING FEES	$400	$0	$0
STATE TAXES	$16,328	$0	$0
FEDERAL EXCISE TAXES	$117,735	$0	$0