JOHN SPERLING FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: JOHN SPERLING FOUNDATION (EIN 32-0284165)
Tax period: 2023-09-01 to 2024-08-31
Filed: 2025-07-15
IRS object ID: 202531969349100918
Schema version: 2023v6.0
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
Depreciation Schedule
General Explanation Attachment
Investments Corp Stock Schedule
Investments Land Schedule2
Legal Fees Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-07-15T14:05:30-05:00	ReturnTs
Tax Period End	2024-08-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	920460586	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	PWC US TAX LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4300 E CAMELBACK RD SUITE 475	AddressLine1Txt
City	PHOENIX	CityNm
State Abbreviation	AZ	StateAbbreviationCd
ZIP	85018	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-09-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	320284165	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JOHN SPERLING FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	JOHN	BusinessNameControlTxt
Phone	6023648000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5115 N DYSART RD SUITE 202 PMB 30	AddressLine1Txt
City	LITCHFIELD PARK	CityNm
State Abbreviation	AZ	StateAbbreviationCd
ZIP	85340	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DARBY SHUPP	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	6023648000	PhoneNum
Signature	2025-07-10	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	CHAD THURSTON	PreparerPersonNm
PTIN	P00806927	PTIN
Phone	6023648000	PhoneNum

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$80,243,940	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$2,223,400	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$2,223,400	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$259,289	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$29,653,965	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$259,462	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$232,743	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$232,743	OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm	$0	OtherIncomeAdjNetIncmAmt
Total Rev And Expnss	$2,715,432	TotalRevAndExpnssAmt
Total Net Invst Incm	$2,715,605	TotalNetInvstIncmAmt
Total Adj Net Incm	$0	TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$317,655	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$56,465	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm	$0	CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$261,190	CompOfcrDirTrstDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$51,258	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$6,081	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Adj Net Incm	$0	PensionEmplBnftAdjNetIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$45,177	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$513	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$513	LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm	$0	LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl	$0	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$52,500	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$0	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$0	AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps	$52,500	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$661,452	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$585,439	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm	$0	OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl	$76,013	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$313,456	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$313,456	TaxesNetInvstIncmAmt
Taxes Adj Net Incm	$0	TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$746	DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm	$0	DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm	$0	DeprecAndDpltnAdjNetIncmAmt
Trav Conf Meeting Rev And Expnss	$2,581	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$0	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Adj Net Incm	$0	TravConfMeetingAdjNetIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$2,581	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$21,766	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$4,196	OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm	$0	OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl	$17,570	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$1,421,927	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$966,150	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$0	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$455,031	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$3,755,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$3,755,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$5,176,927	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$966,150	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$0	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$4,210,031	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$2,461,495	ExcessRevenueOverExpensesAmt
Net Investment Income	$1,749,455	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$211,803	CashBOYAmt
Cash EOY	$268,882	CashEOYAmt
Cash EOYFMV	$268,882	CashEOYFMVAmt
Corporate Stock BOY	$73,382,026	CorporateStockBOYAmt
Corporate Stock EOY	$79,972,556	CorporateStockEOYAmt
Corporate Stock EOYFMV	$79,972,556	CorporateStockEOYFMVAmt
Invst Land Cost Or Other Basis	$2,729	InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation	$227	InvstLandAccumDepreciationAmt
Land Bldg Investments BOY	$692	LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY	$2,502	LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV	$2,502	LandBldgInvestmentsEOYFMVAmt
Total Assets BOY	$73,594,521	TotalAssetsBOYAmt
Total Assets EOY	$80,243,940	TotalAssetsEOYAmt
Total Assets EOYFMV	$80,243,940	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$73,594,521	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$80,243,940	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$73,594,521	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$80,243,940	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$73,594,521	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$80,243,940	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$73,594,521	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$2,461,495	ExcessRevenueOverExpensesAmt
Other Increases	$9,115,299	OtherIncreasesAmt
Subtotal	$80,248,325	SubtotalAmt
Other Decreases	$4,385	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$80,243,940	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (17 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	SoldSoldDt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt
J.P. MORGAN - 1152 - PUBLICLY TRADED SECURITIES	P	2024-08-31	-$29,949	-$29,949
J.P. MORGAN - 1152 - PUBLICLY TRADED SECURITIES	P	2024-08-31	$6,559	$6,559	$5,869,521	$5,892,912
J.P. MORGAN - 2370 - PUBLICLY TRADED SECURITIES	P	2024-08-31	$5,551	$5,551
J.P. MORGAN - 2370 - PUBLICLY TRADED SECURITIES	P	2024-08-31	-$445,250	-$445,250	$2,809,397	$3,249,096
J.P. MORGAN - 2371 - PUBLICLY TRADED SECURITIES	P	2024-08-31	$99,950	$99,950	$5,378,106	$5,278,156
J.P. MORGAN - 2373 - PUBLICLY TRADED SECURITIES	P	2024-08-31	-$15,999	-$15,999
J.P. MORGAN - 2373 - PUBLICLY TRADED SECURITIES	P	2024-08-31	$482,207	$482,207	$2,526,472	$2,060,263
J.P. MORGAN - 2374 - PUBLICLY TRADED SECURITIES	P	2024-08-31	-$32,710	-$32,710
J.P. MORGAN - 2374 - PUBLICLY TRADED SECURITIES	P	2024-08-31	-$30,119	-$30,119	$1,692,882	$1,755,711
J.P. MORGAN - 2375 - PUBLICLY TRADED SECURITIES	P	2024-08-31	$15,014	$15,014
J.P. MORGAN - 2375 - PUBLICLY TRADED SECURITIES	P	2024-08-31	$141,263	$141,263	$1,174,381	$1,018,104
J.P. MORGAN - 2377 - PUBLICLY TRADED SECURITIES	P	2024-08-31	$528	$528
J.P. MORGAN - 2377 - PUBLICLY TRADED SECURITIES	P	2024-08-31	$188,183	$188,183	$1,276,943	$1,088,232
J.P. MORGAN - 2378 - PUBLICLY TRADED SECURITIES	P	2024-08-31	-$13,831	-$13,831
J.P. MORGAN - 2378 - PUBLICLY TRADED SECURITIES	P	2024-08-31	-$88,093	-$88,093	$7,097,264	$7,199,187
J.P. MORGAN - 2379 - PUBLICLY TRADED SECURITIES	P	2024-08-31	-$6,307	-$6,307
J.P. MORGAN - 2379 - PUBLICLY TRADED SECURITIES	P	2024-08-31	-$17,535	-$17,535	$1,828,999	$1,852,842

Field	Value	IRS element (for citing)
Capital Gain Net Income	$259,462	CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss	$22,247	NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$24,317	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$24,317	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$24,317	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$45,094	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	$45,094	TotalPaymentsAndCreditsAmt
Es Penalty	$0	EsPenaltyAmt
Overpayment	$20,777	OverpaymentAmt
Applied To ES Tax	$20,777	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	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	AZ	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	Yes (1)	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	DARBY SHUPP	IndividualWithBooksNm
Phone	6023648000	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	5115 N DYSART RD SUITE 202 PMB 305	AddressLine1Txt
City	LITCHFIELD PARK	CityNm
State Abbreviation	AZ	StateAbbreviationCd
ZIP	85340	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	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	Yes (1)	BusinessHoldingsInd
Excess Business Holdings	0	ExcessBusinessHoldingsInd
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	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
PETER V SPERLING
C/O 5115 N DYSART ROAD SUITE 202	PMB 305	LITCHFIELD PARK	AZ	85340	VP & DIRECTOR	1.73	$0	$41,707	$0
TERRI C BISHOP
C/O 5115 N DYSART ROAD SUITE 202	PMB 305	LITCHFIELD PARK	AZ	85340	CHAIRMAN & DIRECTOR	10.00	$70,655	$0	$0
DARBY E SHUPP
C/O 5115 N DYSART ROAD SUITE 202	PMB 305	LITCHFIELD PARK	AZ	85340	SECRETARY TREASURER DIRECT	38.00	$247,000	$9,551	$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 (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
JP MORGAN
560 MISSION STREET SUITE 2400	SAN FRANCISCO	CA	94105	ADVISORY	$634,954
PWC US TAX LLP
4300 E CAMELBACK RD SUITE 475	PHOENIX	AZ	85018	ACCOUNTING	$52,500

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

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	NONE	Description1Txt
Expenses1	$0	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	NONE	Description1Txt
Expenses1	$0	Expenses1Amt
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$75,885,739	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$194,353	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$76,080,092	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$76,080,092	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,141,201	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$74,938,891	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$3,746,945	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$3,746,945	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$24,317	TaxBasedOnInvestmentIncomeAmt
Total Tax	$24,317	TotalTaxAmt
Distributable Before Adj	$3,722,628	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$3,722,628	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$3,722,628	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$4,210,031	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$4,210,031	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$3,722,628	DistributableAsAdjustedAmt
Undistributed Income PY	$1,928,666	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$4,210,031	QualifyingDistributionsAmt
Applied To Year1	$1,928,666	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$2,281,365	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$0	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$1,441,263	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$0	ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
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 Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
ISRAAID
PO BOX 61227	PALO ALTO	CA	94306	PC	FOR CRISIS RELIEF EFFORTS	$100,000
WORLD CENTRAL KITCHEN
200 MASSACHUSETTS AVE NW 7TH FLOOR	WASHINGTON	DC	20001	PC	FOR CRISIS RELIEF EFFORTS	$100,000
CENTER FOR HUMANE TECHNOLOGY
77 VAN NESS AVE 101-1601	SAN FRANCISCO	CA	94102	PC	FOR SUPPORT OF ELECTION INTEGRITY AND AI WORK	$100,000
CENTER FOR SCIENCE IN THE PUBLIC INTEREST
1250 I STREET NW SUITE 500	WASHINGTON	DC	20005	PC	FIRST INSTALLMENT OF A TWO YEAR GRANT FOR ADVOCATING FOR A SAFER AND MORE TRANSPARENT FOOD SYSTEM	$300,000
EARTHJUSTICE
50 CALIFORNIA STREET SUITE 500	SAN FRANCISCO	CA	94111	PC	THIRD INSTALLMENT OF A THREE YEAR GRANT FOR THE CLIMATE AND ENERGY PROGRAM	$1,000,000
AMERICAN CIVIL LIBERTIES UNION FOUNDATION
125 BROAD ST FL 18	NEW YORK	NY	100042454	PC	PROTECT ABORTION AND REPRODUCTIVE HEALTH CARE	$500,000
AMERICAN CIVIL LIBERTIES UNION FOUNDATION
125 BROAD ST FL 18	NEW YORK	NY	100042454	PC	VOTING RIGHTS PROJECT	$500,000
FOOD & WATER WATCH
1616 P ST NW SUITE 400	WASHINGTON	DC	20036	PC	PROTECT CALIFORNIA'S WATER CAMPAIGN	$100,000
ARIZONA COMMUNITY FOUNDATION
2201 E CAMELBACK RD STE 405B	PHOENIX	AZ	850163431	PC	TO SUPPORT THE ENVIRONMENTAL INITIATIVE	$50,000
GAVIOTA COAST CONSERVANCY
POST OFFICE BOX 1099	GOLETA	CA	93116	PC	FOR GENERAL SUPPORT	$45,000
INSTITUTE OF NOETIC SCIENCES
7250 REDWOOD BLVD SUITE 208	NOVATO	CA	94945	PC	FOR GENERAL SUPPORT	$15,000
JOHN MUIR LAND TRUST
PO BOX 31	MARTINEZ	CA	94553	PC	RESTRICTED TO SUPPORT THE FAMILY HARVEST FARM	$10,000
LOS PADRES FORESTWATCH
PO BOX 831	SANTA BARBARA	CA	93102	PC	FIRST INSTALLMENT OF A TWO YEAR GRANT TO PROTECT THE PUBLIC LANDS OF THE CENTRAL COAST OF CALIFORNIA	$100,000
MULTIDISCIPLINARY ASSOCIATION FOR PSYCHEDELIC STUDIES
3141 STEVEN CREEK BLVD 40563	SAN JOSE	CA	95117	PC	SECOND INSTALLMENT OF A TWO YEAR GRANT FOR CONSCIOUSNESS WITHOUT CRIMINALIZATION: PSYCHEDELIC DRUG POLICY REFORM AND SENTENCING REFORM	$125,000
WEST VALLEY ARTS COUNCIL
16126 N CIVIC CENTER PLZ	SURPRISE	AZ	853747495	PC	FOR GENERAL SUPPORT	$20,000
NATIONAL FOREST FOUNDATION
27 FORT MISSOULA ROAD SUITE 3	MISSOULA	MT	59804	PC	THIRD INSTALLMENT OF A THREE YEAR GRANT FOR PINE CANYON RESTORATION AND WATERSHED PROTECTION PROJECT	$100,000
SUSTAINABLE LAFAYETTE
10 ALLENDALE CT WALNUT	CREEK	CA	94549	PC	FOR LAFAYETTE COMMUNITY GARDEN	$15,000
WESTERN ENVIRONMENTAL LAW CENTER
120 SHELTON MCMURPHEY BLVD SUITE	EUGENE	OR	97401	PC	FIRST INSTALLMENT OF A TWO YEAR GRANT FOR DEFENDING PUBLIC LANDS ACROSS THE WESTERN U.S	$500,000	340
WESTERN RESOURCE ADVOCATES
2260 BASELINE RD UNIT 200	BOULDER	CO	80302	PC	SECOND INSTALLMENT OF A TWO YEAR GRANT FOR PROTECTIONS OF THE COLORADO RIVER	$75,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$3,755,000	TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
CENTER FOR SCIENCE IN THE PUBLIC INTEREST
1250 I STREET NW SUITE 500	WASHINGTON	DC	20005	PC	SECOND INSTALLMENT OF A TWO YEAR GRANT ADVOCATING FOR A SAFER AND MORE TRANSPARENT FOOD SYSTEM	$300,000
LOS PADRES FORESTWATCH
PO BOX 831	SANTA BARBARA	CA	93102	PC	SECOND INSTALLMENT OF A TWO YEAR GRANT PROTECTING THE PUBLIC LANDS OF THE CENTRAL COAST OF CALIFORNIA	$100,000
WESTERN ENVIRONMENTAL LAW CENTER
120 SHELTON MCMURPHEY BLVD SUITE	EUGENE	OR	97401	PC	SECOND INSTALLMENT OF A TWO YEAR GRANT DEFENDING PUBLIC LANDS ACROSS THE WESTERN U.S	$500,000	340

Field	Value	IRS element (for citing)
Total Grant Or Contri Apprv Fut	$900,000	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2,223,400	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$259,462	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

DescDesc	ExclusionExclusionCd	ExclusionExclusionAmt
J.P. MORGAN - 2373, 2377, 2378, 2379 & 1152	14	$169,272
HERMES DAEDALUS, LLC K-1	14	$4,385
BHL IP ROYALTIES	15	$59,086

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$2,715,605	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$2,715,605	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	PWC US TAX LLP - TAX RETURN & CONSULTING SERVICES	CategoryTxt
Amt	$52,500	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$52,500	DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (2 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	Cost Or Other BasisCostOrOtherBasisAmt	Prior Year DepreciationPriorYearDepreciationAmt	Computation MethodComputationMethodTxt	LifeLifeRt	Current Year ExpenseCurrentYearExpenseAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
FURNITURE AND EQUIPMENT	2018-07-20	$2,475	$2,475	SL	3.000000000000	$0	$0	$0
FURNITURE AND EQUIPMENT	2021-08-31	$2,239	$746	SL	3.000000000000	$746	$0	$746

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

Field	Value	IRS element (for citing)
Identifier	DETAILS OF INDIVIDUAL TRANSACTIONS AVAILABLE UPON REQUEST	IdentifierTxt
Form And Line Reference	990-PF PART IV - CAPITAL GAINS AND LOSSES FOR TAX ON INVESTMENT INCOME	FormAndLineReferenceDesc
Medium Explanation	990-PF PART IV - CAPITAL GAINS AND LOSSES FOR TAX ON INVESTMENT INCOMETRANSACTIONAL LEVEL CAPITAL GAIN AND LOSS REPORTS COULD NOT BE ATTACHED TO THE ELETRONIC FILE. CAPITAL GAINS AND LOSSES WERE SUMMARIZED AND REPORTED BY BROKERAGE ACCOUNT. BECAUSE THE IRS E-FILE SYSTEM DOES NOT SUPPORT ATTACHMENTS RELATED TO BROKERAGE STATEMENTS, THEY ARE AVAILABLE UPON REQUEST.	MediumExplanationTxt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
J.P. MORGAN - 1152 - SEE ATTACHED DETAIL	$10,737,615	$10,737,615
J.P. MORGAN - 2370 - SEE ATTACHED DETAIL	$15,461,819	$15,461,819
J.P. MORGAN - 2371 - SEE ATTACHED DETAIL	$1,155,279	$1,155,279
J.P. MORGAN - 2373 - SEE ATTACHED DETAIL	$17,809,100	$17,809,100
J.P. MORGAN - 2374 - SEE ATTACHED DETAIL	$6,573,952	$6,573,952
J.P. MORGAN - 2375 - SEE ATTACHED DETAIL	$5,912,803	$5,912,803
J.P. MORGAN - 2377 - SEE ATTACHED DETAIL	$3,697,074	$3,697,074
J.P. MORGAN - 2378 - SEE ATTACHED DETAIL	$10,865,136	$10,865,136
J.P. MORGAN - 2379 - SEE ATTACHED DETAIL	$7,759,778	$7,759,778

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (2 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt	Book ValueBookValueAmt
FURNITURE AND EQUIPMENT	$2,475	$2,475	$0
FURNITURE AND EQUIPMENT	$2,239	$1,492	$747

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	FARELLA, BRAUN + MARTEL LLP	CategoryTxt
Legal Fees	$513	LegalFeesAmt
Net Investment Income	$513	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	HERMES DAEDALUS, LLC K-1	Desc
Amt	$4,385	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
PAYROLL TAXES	$14,195	$2,839	$0	$11,356
PAYROLL ADMIN FEE	$2,530	$506	$0	$2,024
COMPUTER AND INTERNET EXPENSES	$3,573	$715	$0	$2,858
POSTAGE AND DELIVERY	$127	$0	$0	$127
REGISTRATION FEES	$487	$0	$0	$487
OFFICE SUPPLIES	$173	$0	$0	$173
WORKER'S COMPENSATION	$357	$71	$0	$286
CONTINUING EDUCATION	$324	$65	$0	$259

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
J.P. MORGAN - 2373, 2377, 2378, 2379 & 1152	$169,272	$169,272	$0
HERMES DAEDALUS, LLC K-1	$4,385	$4,385	$0
BHL IP ROYALTIES	$59,086	$59,086	$0

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDesc	AmtAmt
OTHER INCREASE- UNREALIZED G/L	$8,115,299
OTHER INCREASE - PROCEEDS FROM SALE OF ASSETS	$1,000,000

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
JPM INVESTMENT ADVISORY	$558,941	$558,941	$0	$0
JPM ADMIN & SUPPORT CONSULTING	$76,013	$0	$0	$76,013
INESTMENT EXPENSE OTHER	$25,562	$25,562	$0	$0
OTHER AGENCY FEES	$936	$936	$0	$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (4 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
STATE INCOME TAXES - AZ	$44,428	$44,428	$0	$0
TAX ON NET INVESTMENT INCOME	$211,400	$211,400	$0	$0
TAX PENALTIES, INTEREST & FEES	$38,178	$38,178	$0	$0
FOREIGN TAX EXPENSE	$19,450	$19,450	$0	$0