GERRI AND RICH WONG FAMILY FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- GERRI AND RICH WONG FAMILY FOUNDATION (EIN 85-3971817)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-10
- IRS object ID
- 202503149349100330
- Schema version
- 2024v5.2
- 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
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Liquidation Explanation Stmt
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-10T08:38:59-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 853971817 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Gerri and Rich Wong Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | GERR | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Geraldine Wong | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2025-11-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | 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 | $12,777,240 | 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 | $6,556,506 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $23,490 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $23,490 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $213,849 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $213,849 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $279,248 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $7,948,187 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $6,852,040 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $7,073,093 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $7,089,379 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $33,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $33,500 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $45,069 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $45,069 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $77,204 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $404 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $32,570 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $37 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $32,533 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $188,343 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $45,510 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $66,033 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,986,409 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,986,409 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,174,752 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $45,510 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,052,442 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,898,341 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $7,043,869 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $223,937 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $204,179 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $204,179 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $99,888 | USGovernmentObligationsBOYAmt |
| Corporate Stock BOY | $7,120,713 | CorporateStockBOYAmt |
| Corporate Stock EOY | $10,618,136 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $12,424,970 | CorporateStockEOYFMVAmt |
| Corporate Bonds EOY | $145,785 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $148,091 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $7,444,538 | TotalAssetsBOYAmt |
| Total Assets EOY | $10,968,100 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $12,777,240 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $7,444,538 | RetainedEarningBOYAmt |
| Retained Earning EOY | $10,968,100 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $7,444,538 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $10,968,100 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $7,444,538 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $10,968,100 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $7,444,538 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,898,341 | ExcessRevenueOverExpensesAmt |
| Other Increases | $625,221 | OtherIncreasesAmt |
| Subtotal | $10,968,100 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $10,968,100 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $7,948,187 | GrossSalesPriceAmt |
| Cost Or Other Basis | $1,096,147 | CostOrOtherBasisAmt |
| Gain Or Loss | $6,852,040 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $6,852,040 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $6,852,040 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $97,910 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $97,910 | SubtotalAmt |
| Tax Based On Investment Income | $97,910 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $47,745 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $52,200 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $99,945 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $2,035 | OverpaymentAmt |
| Applied To ES Tax | $2,035 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | Yes (true) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 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 |
|---|---|---|---|---|---|---|---|---|
| Geraldine Wong | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres | 1.0 | $0 | $0 | $0 |
| Richard Wong | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec, Treas | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $10,456,319 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $556,742 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $11,013,061 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $11,013,061 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $165,196 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $10,847,865 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $542,393 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $542,393 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $97,910 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $97,910 | TotalTaxAmt |
| Distributable Before Adj | $444,483 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $444,483 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $444,483 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,052,442 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $4,052,442 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $444,483 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr4 | $7,151 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $650,547 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $656,163 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,276,866 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,590,727 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,052,442 | QualifyingDistributionsAmt |
| Applied To Current Year | $444,483 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $3,607,959 | RemainingDistriFromCorpusAmt |
| Total Corpus | $6,198,686 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $6,198,686 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $7,151 | ExcessFromYear4Amt |
| Excess From Year3 | $650,547 | ExcessFromYear3Amt |
| Excess From Year2 | $656,163 | ExcessFromYear2Amt |
| Excess From Year1 | $1,276,866 | ExcessFromYear1Amt |
| Excess From Current Year | $3,607,959 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Geraldine Wong | ContributingManagerNm |
| Contributing Manager | Richard Wong | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (15 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ABILITYPATH | |||||||
| 350 TWIN DOLPHIN DR STE 123 | REDWOOD CITY | CA | 94065 | N/A | PC | Fund-a-Future pledge | $10,000 |
| AVALON ACADEMY | |||||||
| 630 N SAN MATEO DR | SAN MATEO | CA | 94401 | N/A | PC | Building Hope Campaign | $10,000 |
| BOYS & GIRLS CLUB OF THE PENINSULA | |||||||
| 401 PIERCE RD | MENLO PARK | CA | 94025 | N/A | PC | To support BGCP's Competitive Sports | $25,000 |
| CASA OF SAN MATEO COUNTY | |||||||
| 330 TWIN DOLPHIN DR STE 139 | REDWOOD CITY | CA | 94065 | N/A | PC | General & Unrestricted | $10,000 |
| CHILDRENS HEALTH COUNCIL INC | |||||||
| 650 CLARK WAY | PALO ALTO | CA | 94304 | N/A | PC | General & Unrestricted | $3,000 |
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND | |||||||
| 245 SUMMER ST MZ NM43A | BOSTON | MA | 02210 | N/A | PC | General & Unrestricted (See In-Kind Grant General Explanation attachment) | $2,988,209 |
| LIFEMOVES | |||||||
| 2550 GREAT AMERICA WAY STE 201 | SANTA CLARA | CA | 95054 | N/A | PC | General & Unrestricted | $25,000 |
| PENINSULA BRIDGE PROGRAM | |||||||
| 177 BOVET RD STE 120 | SAN MATEO | CA | 94402 | N/A | PC | General & Unrestricted | $20,000 |
| PLEDGE 1 PERCENT ORG INC | |||||||
| 1012 TORNEY AVE | SAN FRANCISCO | CA | 94129 | N/A | PC | General & Unrestricted | $50,000 |
| POSITIVE COACHING ALLIANCE | |||||||
| 66 FRANKLIN ST STE 300 | OAKLAND | CA | 94607 | N/A | PC | General & Unrestricted | $10,000 |
| SACRED HEART SCHOOLS ATHERTON | |||||||
| 150 VALPARAISO AVE | ATHERTON | CA | 94027 | N/A | PC | ANNUAL FUND 2023-2024, SOPHIE'S SCHOLARS PROGRAM, EDUCATING FOR A LIFETIME CAMPAIGN, SHP LACROSSE, AUCTION UNDERWRITING | $170,000 |
| SACRED HEART SCHOOLS ATHERTON | |||||||
| 150 VALPARAISO AVE | ATHERTON | CA | 94027 | N/A | PC | ANNUAL FUND 2024-2025, SOPHIE'S SCHOLARS PROGRAM, CAPITAL CAMPAIGN, SHP LACROSSE, SHP PULSE, AUCTION UNDERWRITING | $180,000 |
| SAMARITAN HOUSE | |||||||
| 4031 PACIFIC BLVD | SAN MATEO | CA | 94403 | N/A | PC | General & Unrestricted | $20,200 |
| UNIVERSITY OF CHICAGO | |||||||
| 5235 S HARPER COURT | CHICAGO | IL | 60615 | N/A | PC | IEL/RUSTANDY, ODYSSEY IN SUPPORT OF VETERANS, HARRIS COUNCIL | $415,000 |
| UNIVERSITY OF CHICAGO | |||||||
| 5235 S HARPER COURT 4TH FL | CHICAGO | IL | 60615 | N/A | PC | Chicago Booth - Rustandy Center Civic Chicago Program | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,986,409 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $23,490 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $213,849 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $279,248 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $516,587 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $516,587 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| Wong Family 2006 Trust | ||||||
| 1 | 535 El Arroya Road | Hillsbourogh | CA | 94010 | $1,004,667 | Yes (X) |
| Wong Richard | ||||||
| 2 | 940 West Santa Inez Ave | Hillsborough | CA | 94010 | $5,551,839 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (8 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | NVIDIA CORP NVDA, 1269 sh. | $1,004,667 | 2024-02-29 |
| 2 | CROWDSTRIKE HOLDINGS, INC CRWD, 3011 sh. | $986,524 | 2024-03-21 |
| 2 | CROWDSTRIKE HOLDINGS, INC CRWD, 2572 sh. | $993,388 | 2024-07-03 |
| 2 | FRESHWORKS ORD SHARES CLASS A FRSH, 60680 sh. | $995,759 | 2024-12-06 |
| 2 | CROWDSTRIKE HOLDINGS, INC CRWD, 2728 sh. | $998,803 | 2024-12-06 |
| 2 | FRESHWORKS ORD SHARES CLASS A FRSH, 58800 sh. | $983,136 | 2024-12-12 |
| 2 | CROWDSTRIKE HOLDINGS, INC CRWD, 1469 sh. | $537,514 | 2024-12-13 |
| 2 | CROWDSTRIKE HOLDINGS, INC CRWD, 155 sh. | $56,715 | 2024-12-13 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Audit Fees | CategoryTxt |
| Amt | $33,500 | Amt |
| Disbursements Charitable Prps | $33,500 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Share Out Grants | IdentifierTxt |
| Form And Line Reference | PART I LINE 25 AND PART XIV LINE 3A | FormAndLineReferenceDesc |
| Medium Explanation | PART I LINE 25 AND PART XIV LINE 3A DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING FMV OF SECURITIES: AVERAGE OF HIGH/LOW ON DATE GRANTED TO CHARITY METHOD OF DETERMINING BOOK VALUE OF SECURITIES: COST OR AVERAGE OF HIGH/LOW ON DATE CONTRIBUTED TO FOUNDATION TOTAL FAIR MARKET VALUE OF PROPERTY: $2,988,209 TOTAL BOOK VALUE OF PROPERTY: $2,362,988 TOTAL CASH PORTION OF GRANTS: $- TOTAL AMOUNT OF GRANTS: $2,988,209 FORM 990-PF, PART III, LINE 3 - OTHER INCREASE: $625,221 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: VANGUARD TOTAL BOND MARKET INDEX FD ADMIRAL SHS UNITS: 19,534 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $186,550 BOOK VALUE OF PROPERTY: $179,098 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $186,550 DESCRIPTION OF PROPERTY: ISHARE SP SMALL CAP 600 INDEX FD UNITS: 1,759 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $220,086 BOOK VALUE OF PROPERTY: $187,034 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $220,086 DESCRIPTION OF PROPERTY: ISHARES S&P 100 ETF UNITS: 1,000 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $288,920 BOOK VALUE OF PROPERTY: $181,340 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $288,920 DESCRIPTION OF PROPERTY: FIDELITY LARGE CAP GROWTH INDEX FUND UNITS: 5,998 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $233,922 BOOK VALUE OF PROPERTY: $137,654 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $233,922 DESCRIPTION OF PROPERTY: FIDELITY TOTAL INTL INDEX FD UNITS: 22,115 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $310,937 BOOK VALUE OF PROPERTY: $284,736 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $310,937 DESCRIPTION OF PROPERTY: FIDELITY INTERMEDIATE TREASURY BOND INDEX UNITS: 29,070 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $277,909 BOOK VALUE OF PROPERTY: $269,779 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $277,909 DESCRIPTION OF PROPERTY: FIDELITY 500 INDEX FUND UNITS: 3,821 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $794,921 BOOK VALUE OF PROPERTY: $546,250 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $794,921 DESCRIPTION OF PROPERTY: DOUBLELINE TOTAL RETURN BOND UNITS: 32,258 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $281,612 BOOK VALUE OF PROPERTY: $294,140 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $281,612 DESCRIPTION OF PROPERTY: DFA U S CORE EQUITY 1 PORTFOLIO UNITS: 8,790 DATE OF DISTRIBUTION: 11/12/2024 GRANT RECIPIENT: FIDELITY INVESTMENTS CHARITABLE GIFT FUND FMV OF PROPERTY: $393,353 BOOK VALUE OF PROPERTY: $282,957 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $393,353 | MediumExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MORGAN STANLEY - 3.125% - 07/2 | $71,581 | $73,258 |
| TORONTO DOMINION BANK SER C - | $74,204 | $74,833 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (75 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AFLAC INC | $20,757 | $34,756 |
| ALPHABET INC CL A | $83,846 | $128,913 |
| AMAZON COM | $111,015 | $149,405 |
| AMENTUM HOLDINGS INC | $3,138 | $3,260 |
| AMPHENOL CORPORATION | $92,837 | $170,153 |
| APPLE INC | $104,845 | $193,074 |
| ARES CAPITAL CORPORATION - CLO | $45,260 | $49,603 |
| ARISTA NETWORKS | $45,990 | $165,795 |
| BERKSHIRE HATHAWAY INC. CLASS | $34,379 | $49,861 |
| BLACKROCK INC | $29,534 | $34,854 |
| BLUE OWL CAPITAL | $24,995 | $43,496 |
| BLUE OWL CAPITAL CORPORATION | $59,116 | $60,480 |
| CBRE GROUP | $36,881 | $55,011 |
| CHEVRON CORP | $29,665 | $31,285 |
| COHEN & STEERS LOW DURATION PR | $63,503 | $59,902 |
| COMCAST CORP | $36,825 | $25,520 |
| DANAHER CORP | $33,051 | $31,219 |
| DFA U S CORE EQUITY 1 PORTFOLI | $481,198 | $584,689 |
| DOORDASH ORD SHS CLASS A | $12,068 | $26,001 |
| DOUBLELINE TOTAL RETURN BOND | $763,227 | $753,796 |
| EASTMAN CHEMICAL CO | $45,045 | $32,419 |
| ELEVANCE HEALTH INC | $45,292 | $40,579 |
| ELI LILLY & CO | $46,556 | $52,496 |
| EMERSON ELECTRIC CO | $29,381 | $36,559 |
| ENBRIDGE INC | $31,168 | $33,605 |
| EQUINIX, INC | $18,788 | $21,686 |
| FIDELITY 500 INDEX FUND | $2,667,756 | $2,814,648 |
| FIDELITY INTERMEDIATE TREASURY | $766,493 | $751,973 |
| FIDELITY LARGE CAP GROWTH INDE | $511,192 | $590,538 |
| FIDELITY TOTAL INTL INDEX FD | $916,391 | $887,299 |
| GEN DYNAMICS CP | $26,686 | $33,990 |
| GENERAL MILLS INC | $24,738 | $25,253 |
| HOME DEPOT INC | $31,716 | $38,121 |
| HUBSPOT INC | $25,653 | $34,839 |
| ICON PLC - AMERICAN DEPOSITARY | $80,515 | $70,672 |
| INTUITIVE SURGICAL | $36,151 | $63,157 |
| ISHARE SP SMALL CAP 600 INDEX | $588,061 | $569,532 |
| ISHARES S&P 100 ETF | $319,127 | $443,385 |
| ISHARES TRUST FALLEN ANGELS US | $34,996 | $31,785 |
| JACOBS SOLUTIONS INC | $19,015 | $20,711 |
| JP MORGAN CHASE | $38,370 | $54,414 |
| LOCKHEED MARTIN CORP | $40,555 | $49,566 |
| LORD ABBETT INVESTMENT TRUST S | $33,732 | $31,606 |
| MARRIOTT INTERNATIONAL INC. CL | $26,067 | $42,120 |
| MARTIN MARIETTA MATLS INC | $19,388 | $25,309 |
| MCDONALD'S CORP | $53,345 | $63,486 |
| MICROSOFT CORP | $116,080 | $173,658 |
| NEXTERA ENERGY, INC | $52,724 | $51,688 |
| NIKE INC-CL B | $25,130 | $14,226 |
| NORFOLK SOUTHERN CORP | $32,224 | $27,460 |
| NOVO NORDISK A S | $23,445 | $18,236 |
| NUVEEN PREFERRED SECURITIES FU | $65,000 | $67,207 |
| NVIDIA CORP | $75,548 | $578,790 |
| OCCIDENTAL PETROLEUM CORP | $33,171 | $37,305 |
| ORACLE CORP | $44,928 | $83,820 |
| PEPSICO INC | $35,091 | $35,582 |
| PHILLIPS 66 | $39,697 | $43,977 |
| PRINCIPAL GLOBAL DVRSFD INC FD | $25,627 | $22,688 |
| PROCTER GAMBLE CO | $32,771 | $37,386 |
| PROGRESSIVE CORP OHIO | $58,378 | $121,482 |
| SALESFORCE.COM | $55,849 | $74,556 |
| SERVICE NOW | $74,234 | $152,657 |
| SPDR S&P 500 ETF TRUST | $104,257 | $139,487 |
| THE BLACKSTONE GROUP INC CL A | $27,836 | $43,105 |
| THERMO FISHER SCIENTIFIC INC | $96,110 | $94,682 |
| TJX COMPANIES INC | $17,885 | $30,082 |
| UBER | $29,921 | $37,579 |
| UNITED RENTALS INC | $68,903 | $125,390 |
| VANGUARD TOTAL BOND MARKET IND | $508,331 | $501,733 |
| VERTIV CL A | $23,135 | $26,017 |
| VISA INC | $67,591 | $88,491 |
| WALT DISNEY HOLDINGS CO | $30,871 | $20,934 |
| WELLS FARGO & CO | $36,271 | $38,070 |
| WISDOMTREE FLOATING RATE TREAS | $201,442 | $201,280 |
| WISDOMTREE INTERNATIONAL QUALI | $27,379 | $26,581 |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $3,986,409. This amount represents 25% or more of the Foundation's net assets of $8,477,830 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. | ExplanationTxt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $32,266 | $32,266 | |
| Bank Charges | $37 | $37 | |
| Postage/Delivery Service | $47 | $47 | |
| State or Local Filing Fees | $220 | $220 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GRANT OF PUBLICLY TRADED SECURITIES | Desc |
| Amt | $625,221 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $45,069 | Amt |
| Net Investment Income | $45,069 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2024 | $47,700 | |
| 990-PF Extension for 2023 | $29,100 | |
| Foreign Tax Paid | $404 | $404 |