RAY R IRANI AND GHADA RASLAN IRANI FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- RAY R IRANI AND GHADA RASLAN IRANI FOUNDATION (EIN 48-6394885)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202443199349103719
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T13:44:47-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 261518255 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASPIRIANT LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11100 SANTA MONICA BLVD STE 600 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 900253328 | 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 | 486394885 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RAY R IRANI AND GHADA RASLAN IRANI | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RAYR | BusinessNameControlTxt |
| Phone | 3108064000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11100 SANTA MONICA BLVD STE 600 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90025 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KENNETH J ANDERSON | PersonNm |
| Person Title | CO-TRUSTEE | PersonTitleTxt |
| Phone | 3108064000 | PhoneNum |
| Signature | 2024-11-13 | 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 | MITCHELL MAYER | PreparerPersonNm |
| PTIN | P02001101 | PTIN |
| Phone | 3108064000 | PhoneNum |
| Preparation | 2024-11-01 | 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) |
|---|---|---|
| Name Change | Yes (X) | NameChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $22,794,116 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $4,036,424 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $41,919 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $41,919 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $673,809 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $673,809 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $333,523 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,354,708 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,412,852 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $5,085,675 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,128,580 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,337 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,337 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $30,000 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $30,000 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $6,488 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $923 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $200 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $42,025 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $36,260 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $965,830 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $965,830 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,007,855 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $36,260 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $965,830 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,077,820 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,092,320 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $225,073 | CashBOYAmt |
| Cash EOY | $68,748 | CashEOYAmt |
| Cash EOYFMV | $68,748 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $3,292,178 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $3,363,592 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $3,363,592 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $6,520 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $6,000 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $6,000 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $5,125,040 | CorporateStockBOYAmt |
| Corporate Stock EOY | $11,489,947 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $11,489,947 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,214,509 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $2,057,031 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $2,057,031 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $3,634,256 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $5,807,890 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $5,807,890 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $908 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $908 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $14,497,576 | TotalAssetsBOYAmt |
| Total Assets EOY | $22,794,116 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $22,794,116 | TotalAssetsEOYFMVAmt |
| Grants Payable BOY | $945,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $2,420,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $945,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,420,000 | 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 | $13,552,576 | RetainedEarningBOYAmt |
| Retained Earning EOY | $20,374,116 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $13,552,576 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $20,374,116 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $14,497,576 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $22,794,116 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $13,552,576 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,077,820 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,743,720 | OtherIncreasesAmt |
| Subtotal | $20,374,116 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $20,374,116 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|---|
| CHARLES SCHWAB CAP GAIN DISTRIBUTION | P | 2022-01-01 | 2023-12-31 | $12,747 | $12,747 | $12,747 | |
| CHARLES SCHWAB PUBLICLY TRADED SECURITIES - ST | P | 2023-01-01 | 2023-12-31 | $148,062 | -$1,068 | -$1,068 | $149,130 |
| CHARLES SCHWAB PUBLICLY TRADED SECURITIES - LT | P | 2022-01-01 | 2023-12-31 | $740,363 | -$14,970 | -$14,970 | $755,333 |
| UBS PUBLICLY TRADED SECURITIES - ST | P | 2023-01-01 | 2023-12-31 | $312,105 | $312,105 | $312,105 | |
| UBS PUBLICLY TRADED SECURITIES - LT | D | 2022-01-01 | 2023-12-31 | $1,141,431 | $1,104,038 | $1,104,038 | $37,393 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,412,852 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $311,037 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $29,083 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $29,083 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $29,083 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $6,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $27,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $33,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $3,917 | OverpaymentAmt |
| Applied To ES Tax | $3,917 | 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 | 0 | 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 | ASPIRIANT | IndividualWithBooksNm |
| Phone | 3108064000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11100 SANTA MONICA BLVD SUITE 600 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90025 | 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 (3 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 |
|---|---|---|---|---|---|---|---|---|
| DR RAY R IRANI | ||||||||
| 10877 WILSHIRE BLVD SUITE 1104 | LOS ANGELES | CA | 90024 | CO-TRUSTEE | 0.00 | $0 | $0 | $0 |
| KENNETH J ANDERSON | ||||||||
| 10877 WILSHIRE BLVD SUITE 1104 | LOS ANGELES | CA | 90024 | CO-TRUSTEE | 0.00 | $0 | $0 | $0 |
| GHADA RASLAN IRANI | ||||||||
| 10877 WILSHIRE BLVD SUITE 1104 | LOS ANGELES | CA | 90024 | CO-TRUSTEE | 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 |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| 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 | $11,343,667 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,131,557 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $14,475,224 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $14,475,224 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $217,128 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $14,258,096 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $712,905 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $712,905 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $29,083 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $29,083 | TotalTaxAmt |
| Distributable Before Adj | $683,822 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $683,822 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $683,822 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $965,830 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $965,830 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $683,822 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,194,474 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr3 | $1,146,595 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr1 | $1,348,469 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $3,689,538 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $965,830 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $683,822 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $282,008 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $3,971,546 | 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 | $1,194,474 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,777,072 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $1,146,595 | ExcessFromYear3Amt |
| Excess From Year1 | $1,348,469 | ExcessFromYear1Amt |
| Excess From Current Year | $282,008 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | DR RAY R IRANI | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BRENT SHAPIRO FOUNDATION | |||||||
| 10250 CONSTELLATION BLVD 19TH FLOOR | LOS ANGELES | CA | 90067 | NONE | PC | UNRESTRICTED | $100,000 |
| FORD'S THEATRE | |||||||
| 514 TENTH ST NW | WASHINGTON | DC | 20004 | NONE | PC | UNRESTRICTED | $200,000 |
| HOUSE OF LEBANON | |||||||
| 4800 WILSHIRE BLVD | LOS ANGELES | CA | 90010 | NONE | PC | UNRESTRICTED | $50,000 |
| INTERNATIONAL COLLEGE | |||||||
| 305 EAST 47TH STREET 10TH FLOOR | NEW YORK | NY | 10017 | NONE | PC | UNRESTRICTED | $10,000 |
| ISLAMIC CENTER OF SOUTHERN CALIFORNIA | |||||||
| 434 VERMONT AVE | LOS ANGELES | CA | 90020 | NONE | PC | UNRESTRICTED | $50,000 |
| KARAM FOUNDATION | |||||||
| 230 NORTHGATE 742 | LAKE FOREST | IL | 60045 | NONE | PC | UNRESTRICTED | $25,000 |
| MERCY FOR HUMANITY | |||||||
| 14082 KERRY STREET | GARDEN GROVE | CA | 92844 | NONE | PC | UNRESTRICTED | $73,000 |
| THE UCLA FOUNDATION | |||||||
| 10920 WILSHIRE BLVD STE 900 | LOS ANGELES | CA | 90024 | NONE | PC | UNRESTRICTED | $280,000 |
| TOURETTE ASSOCIATION OF AMERICA | |||||||
| 42-40 BELL BOULEVARD SUITE 205 | BAYSIDE | NY | 11361 | NONE | PC | UNRESTRICTED | $25,000 |
| USC UNIVERSITY ADVANCEMENT | |||||||
| 1150 SOUTH OLIVE STREET | LOS ANGELES | CA | 90015 | NONE | PC | UNRESTRICTED | $20,000 |
| ZOE | |||||||
| PO BOX 221510 | SANTA CLARITA | CA | 90024 | NONE | PC | UNRESTRICTED | $10,000 |
| PROSTATE CANCER FOUNDATION | |||||||
| 1250 FOURTH STREET | SANTA MONICA | CA | 90401 | NONE | PC | UNRESTRICTED | $20,000 |
| CALIFORNIA REHABILITATION FOUNDATION | |||||||
| 2070 CENTURY PARK EAST | LOS ANGELES | CA | 90067 | NONE | PC | UNRESTRICTED | $50,000 |
| LIBRARY OF CONGRESS | |||||||
| 101 INDEPENDENCE AVE SE | WASHINGTON | DC | 20540 | NONE | PC | UNRESTRICTED | $50,000 |
| DOCTORS WITHOUT BORDERS | |||||||
| 40 RECTOR ST 16TH FLOOR | NEW YORK | NY | 10006 | NONE | PC | UNRESTRICTED | $630 |
| ST JUDE CHILDREN'S HOSPITAL | |||||||
| 262 DANNY THOMAS PLACE | MEMPHIS | TN | 38105 | NONE | PC | UNRESTRICTED | $500 |
| INTERNATIONAL MEDICAL CORPS | |||||||
| 12400 WILSHIRE BLVD SUITE 1500 | LOS ANGELES | CA | 90025 | NONE | PC | UNRESTRICTED | $500 |
| WORLD FOOD PROGRAM USA | |||||||
| 1750 H ST NW STE 500 | WASHINGTON | DC | 20006 | NONE | PC | UNRESTRICTED | $200 |
| ARAB AMERICAN NATIONAL MUSEUM | |||||||
| 13624 MICHIGAN AVE | DEARBORN | MI | 48126 | NONE | PC | UNRESTRICTED | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $965,830 | 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 |
|---|---|---|---|---|---|---|---|
| KARAM FOUNDATION | |||||||
| 230 NORTHGATE 742 | LAKE FOREST | IL | 60045 | NONE | PC | UNRESTRICTED | $50,000 |
| THE UCLA FOUNDATION | |||||||
| 10920 WILSHIRE BLVD STE 900 | LOS ANGELES | CA | 90024 | NONE | PC | UNRESTRICTED | $530,000 |
| USC UNIVERSITY ADVANCEMENT | |||||||
| 1150 SOUTH OLIVE STREET | LOS ANGELES | CA | 90015 | NONE | PC | UNRESTRICTED | $40,000 |
| WHITE HOUSE HISTORICAL ASSOCIATION | |||||||
| 740 JACKSON PL NW | WASHINGTON | DC | 20006 | NONE | PC | THE PEOPLE'S HOUSE | $1,000,000 |
| FORD'S THEATRE | |||||||
| 514 TENTH ST NW | WASHINGTON | DC | 20004 | NONE | PC | UNRESTRICTED | $800,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $2,420,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $41,919 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $673,809 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $333,523 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,049,251 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,049,251 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | DR RAY R IRANI | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10877 WILSHIRE BLVD SUITE 1104 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90024 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $4,036,424 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | CROWDSTRIKE HLDGS INC STOCK | NoncashPropertyDesc |
| Fair Market Value | $4,036,424 | FairMarketValueAmt |
| Received | 2023-12-31 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $5,337 | Amt |
| Net Investment Income | $5,337 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ASPIRIANT RISK MANAGED TAXABLE | $1,467,891 | $1,467,891 |
| FORD MOTOR CREDIT CO LLC NTS 6.050% | $589,140 | $589,140 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| VANGUARD SMALL CAP VALUE | $36,174 | $36,174 |
| ASPIRIANT DEFENSIVE ALLOCATION | $287,759 | $287,759 |
| ASPIRIANT RISK MANAGED EQUITY | $585,222 | $585,222 |
| DFA EMERGING MARKETS CORE | $36,320 | $36,320 |
| DFA EMERGING MARKETS VALUE | $35,759 | $35,759 |
| DFA INTERNATIONAL CORE EQUITY I | $106,484 | $106,484 |
| DFA INTERNATIONAL SMALL CAP VALUE I | $108,146 | $108,146 |
| VANGUARD DIVIDEND GROWTH | $56,889 | $56,889 |
| CROWDSTRIKE HOLDINGS INC CL A | $10,154,298 | $10,154,298 |
| ISHARES CORE US VALUE | $82,896 | $82,896 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| CLOVER PCO II SECONDARY FEEDER | FMV | $409,573 | $409,573 |
| CLOVER PCO II ORIGINATION FEEDER | FMV | $1,453,802 | $1,453,802 |
| ELLINGTON PRIVATE OPPORTUNITIES FUND II LP | FMV | $319,294 | $319,294 |
| AG CS HOLDINGS FUND II | FMV | $1,249,638 | $1,249,638 |
| MORGAN STANLEY FINANCE COMMODITY BASKET | FMV | $268,125 | $268,125 |
| BLUE OWL TECHNOLOGY | FMV | $2,107,458 | $2,107,458 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCRUED INTEREST | Desc |
| EOY Book Value | $908 | EOYBookValueAmt |
| EOYFMV | $908 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CA ATTORNEY GENERAL'S FEE | Desc |
| Revenue And Expenses Per Books | $200 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CHANGE IN UNREALIZED GAINS | Desc |
| Amt | $2,743,720 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT ADVISORY FEES | CategoryTxt |
| Amt | $30,000 | Amt |
| Net Investment Income | $30,000 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FOREIGN TAXES PAID | $923 | $923 | $0 | $0 |
| IRS 990-PF EXCISE TAX | $5,565 | $0 | $0 | $0 |