CARL C ICAHN FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: CARL C ICAHN FOUNDATION (EIN 13-3913393)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-14
IRS object ID: 202513189349103136
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
Accounting Fees Schedule
Expenditure Responsibility Stmt
General Explanation Attachment
Investments Other Schedule2
Legal Fees Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Professional Fees Schedule
Taxes Schedule
Transfers Frm Controlled Entities
Transfers To Controlled Entities

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-14T12:12:58-06:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	991856619	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GRANT THORNTON ADVISORS LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	757 THIRD AVENUE 3RD FLOOR	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	100172013	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	133913393	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE CARL C ICAHN FOUNDATION	BusinessNameLine1Txt
Business Name Line2	(FKA FNDTN FOR A GREATER OPPORTUNITY)	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	CARL	BusinessNameControlTxt
Phone	3054224100	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	16690 COLLINS AVENUE 12TH FLOOR	AddressLine1Txt
City	SUNNY ISLES BEACH	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33160	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ROWELLA ASUNCION-GUMABONG	PersonNm
Person Title	VP, TREASURER	PersonTitleTxt
Phone	3054224100	PhoneNum
Signature	2025-11-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SCOTT THOMPSETT	PreparerPersonNm
PTIN	P00741490	PTIN
Phone	2125990100	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	$132,398,214	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$0	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$3,912,020	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$3,912,020	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$700,022	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$700,022	DividendsNetInvstIncmAmt
Gross Rents Rev And Expnss	$50,000	GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm	$50,000	GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss	$50,000	NetRentalIncomeOrLossAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$4,662,042	TotalRevAndExpnssAmt
Total Net Invst Incm	$4,662,042	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$0	CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss	$31,981	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$0	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$31,981	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$11,921	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$0	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$11,921	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$4,883	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$0	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$4,883	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$122,000	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$0	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss	$965	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$0	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$965	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$171,750	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$49,750	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$4,369,808	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$4,369,808	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$4,541,558	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$4,419,558	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$120,484	ExcessRevenueOverExpensesAmt
Net Investment Income	$4,662,042	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$127,483	CashBOYAmt
Cash EOY	$170,084	CashEOYAmt
Cash EOYFMV	$170,084	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$66,615,244	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$72,867,263	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$72,867,263	SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl BOY	$32,176	AcctRcvblBOYAmt
Other Investments BOY	$73,238,469	OtherInvestmentsBOYAmt
Other Investments EOY	$65,020,846	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$59,360,867	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$140,013,372	TotalAssetsBOYAmt
Total Assets EOY	$138,058,193	TotalAssetsEOYAmt
Total Assets EOYFMV	$132,398,214	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	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	$140,013,372	RetainedEarningBOYAmt
Retained Earning EOY	$138,058,193	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$140,013,372	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$138,058,193	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$140,013,372	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$138,058,193	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$140,013,372	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$120,484	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$140,133,856	SubtotalAmt
Other Decreases	$2,075,663	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$138,058,193	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$64,802	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$64,802	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$64,802	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$69,132	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$20,000	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$89,132	TotalPaymentsAndCreditsAmt
Es Penalty	$0	EsPenaltyAmt
Overpayment	$24,330	OverpaymentAmt
Applied To ES Tax	$24,330	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	DE	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	ROWELLA ASUNCION-GUMABONG	IndividualWithBooksNm
Phone	3054224100	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	16690 COLLINS AVE 12TH FLOOR	AddressLine1Txt
City	SUNNY ISLES BEACH	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33160	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	Yes (1)	ForeignAccountsQuestionInd
Foreign Country	CA	ForeignCountryCd

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	Yes (1)	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc	0	TransactionsFailToQlfyAsExcInd
Maintained Expenditure Rspns	Yes (1)	MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
CARL C ICAHN
16690 COLLINS AVENUE 12TH FLOOR	SUNNY ISLES BEACH	FL	33160	PRESIDENT, DIRECTOR	1.00	$0	$0	$0
GAIL GOLDEN-ICAHN
16690 COLLINS AVENUE 12TH FLOOR	SUNNY ISLES BEACH	FL	33160	VICE PRESIDENT, DIRECTOR	1.00	$0	$0	$0
ROWELLA ASUNCION-GUMABONG
16690 COLLINS AVENUE 12TH FLOOR	SUNNY ISLES BEACH	FL	33160	VP, TREASURER, SECRETARY	1.00	$0	$0	$0
SUSAN GORDON
16690 COLLINS AVENUE 12TH FLOOR	SUNNY ISLES BEACH	FL	33160	SECRETARY (THRU 07/24)	1.00	$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

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	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$71,391,358	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$62,570,666	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$133,962,024	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$133,962,024	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$2,009,430	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$131,952,594	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$6,597,630	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$6,597,630	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$64,802	TaxBasedOnInvestmentIncomeAmt
Total Tax	$64,802	TotalTaxAmt
Distributable Before Adj	$6,532,828	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$6,532,828	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$6,532,828	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$4,419,558	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$4,419,558	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$6,532,828	DistributableAsAdjustedAmt
Undistributed Income PY	$1,967,331	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$4,419,558	QualifyingDistributionsAmt
Applied To Year1	$1,967,331	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$2,452,227	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	$4,080,601	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)
Contributing Manager	CARL C ICAHN	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
ACADEMY OF MOUNT ST URSULA
330 BEDFORD PARK BLVD	BRONX	NY	10458	N/A	PC	SCHOLARSHIP	$25,600
BREAST CANCER RESEARCH FOUNDATION
28 WEST 44TH STREET SUITE 609	NEW YORK	NY	10036	N/A	PC	BREAST CANCER RESEARCH	$5,000
DOMINICAN ACADEMY OF THE CITY OF NEW YORK
44 EAST 68TH STREET	NEW YORK	NY	10065	N/A	PC	SCHOLARSHIP	$12,150
FORDHAM PREPARATORY SCHOOL
441 E FORDHAM ROAD	BRONX	NY	10458	N/A	PC	SCHOLARSHIP	$110,000
IPAW INC
16690 COLLINS AVENUE PH-1	SUNNY ISLES BEACH	FL	33160	N/A	PF	GENERAL SUPPORT	$4,000,000
LOYOLA SCHOOL
980 PARK AVENUE	NEW YORK	NY	10028	N/A	PC	SCHOLARSHIP	$480
NEW YORK SCHOOL OF INTERIOR DESIGN
170 EAST 70TH STREET	NEW YORK	NY	10021	N/A	PC	GENERAL SUPPORT	$1,000
RYE COUNTRY DAY SCHOOL
3 CEDAR ST	RYE	NY	10580	N/A	PC	SCHOLARSHIP	$15,153
ST CATHARINE ACADEMY
2250 WILLIAMSBRIDGE ROAD	BRONX	NY	10469	N/A	PC	SCHOLARSHIP	$8,000
ST RAYMOND ACADEMY
1725 CASTLE HILL AVENUE	BRONX	NY	10462	N/A	PC	SCHOLARSHIP	$7,400
THE FRESH AIR FUND
633 3RD AVE	NEW YORK	NY	10017	N/A	PC	GENERAL SUPPORT	$2,500
THE TAFT SCHOOL
110 WOODBURY RD	WATERTOWN	CT	06795	N/A	PC	SCHOLARSHIP	$2,525
THE ICAHN MEDICAL RESEARCH FOUNDATION
16690 COLLINS AVENUE PH-1	SUNNY ISLES BEACH	FL	33160	N/A	PC	GENERAL SUPPORT	$80,000
UNIVERSITY OF MIAMI
PO BOX 248073	CORAL GABLES	FL	331241530	N/A	PC	GENERAL SUPPORT	$100,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$4,369,808	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$3,912,020	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$700,022	ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

Field	Value	IRS element (for citing)
Exclusion	16	ExclusionCd
Exclusion	$50,000	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$4,662,042	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$4,662,042	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	GRANT THORNTON	CategoryTxt
Amt	$11,921	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$11,921	DisbursementsCharitablePrpsAmt

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	GrantGrantDt	GrantGrantAmt	Purpose Of GrantPurposeOfGrantTxt	Expended By GranteeExpendedByGranteeAmt	Any Diversion By GranteeAnyDiversionByGranteeTxt	Dates Of Reports By GranteeDatesOfReportsByGranteeTxt	VerificationVerificationDt	Results Of VerificationResultsOfVerificationTxt
IPAW INC
16690 COLLINS AVE 12TH FLOOR	SUNNY ISLES BEACH	FL	33160	2023-03-03	$250,000	GENERAL SUPPORT	$187,910	NO	12/31/2024	2023-12-31	THE FOUNDATION HAS EXERCISED EXPENDITURE RESPONSIBILITY WITH REGARDS TO THIS GRANT AND HAS RECEIVED OR REQUESTED AN ANNUAL REPORT FROM THE GRANTEE. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF ANY REPORTS RECEIVED FROM THE GRANTEE SO NO INDEPENDENT VERIFICATION OF THE REPORTS WAS REQUIRED OR MADE.
IPAW INC
16690 COLLINS AVE 12TH FLOOR	SUNNY ISLES BEACH	FL	33160	2024-12-27	$4,000,000	GENERAL SUPPORT	$0	NO	12/31/2024	2024-12-31	THE FOUNDATION HAS EXERCISED EXPENDITURE RESPONSBILITY WITH REGARDS TO THIS GRANT AND HAS RECEIVED OR REQUESTED AN ANNUAL REPORT FROM THE GRANTEE. THE FOUNDATION HAS NO REASON TO DOUBLE THE ACCURACY OR RELIABILITY OF ANY REPORTS RECEIVED FROM THE GRANTEE SO NO INDEPENDENT VERIFICATION OF THE REPORTS WAS REQUIRED OR MORE.

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	Medium ExplanationMediumExplanationTxt
PART VI-A LINE 11 CONTROLLED ENTITIES	EACH OF THE FOLLOWING ARE DISREGARDED ENTITIES AND NOT EXCESS BUSINESS HOLDINGS1) GREATER OPPORTUNITY, LLC EIN 13-391339316690 COLLINS AVE, 12TH FL SUNNY ISLES BEACH, FL 331602) ADDED OPPORTUNITY, LLC EIN 13-391339316690 COLLINS AVE, 12TH FL SUNNY ISLES BEACH, FL 331603) ADDITIONAL OPPORTUNITY I, LLC EIN 13-391339316690 COLLINS AVE, 12TH FL SUNNY ISLES BEACH, FL 331604) INWOOD OPPORTUNITY, LLC EIN 45-534093616690 COLLINS AVE, 12TH FL SUNNY ISLES BEACH, FL 331605) WEBSTER AVENUE PM, LLC EIN 46-067784016690 COLLINS AVE, 12TH FL SUNNY ISLES BEACH, FL 331606) ICAHN COVID-19 DISASTER RELIEF FUND LLC EIN 13-391339316690 COLLINS AVE, 12TH FL SUNNY ISLES BEACH, FL 33160IN ADDITION, THE FOUNDATION OWNS ONE OFFSHORE FOREIGN BLOCKERCORPORATION, GREATER OPPORTUNITY, LTD. THAT IS A PASSIVE BUSINESSENTERPRISE INSOFAR AS IT DERIVES AT LEAST 95% OF ITS GROSS INCOMEFROM PASSIVE SOURCES.
FORM 990PF, PART XII PASS THROUGH GRANT TREATMENT	STATEMENT REGARDING THE CARL C. ICAHN FOUNDATION'S ELECTION TO TREAT GRANTS TO IPAW, INC. AS PASS-THROUGH GRANTS PURSUANT TO INTERNAL REVENUE CODE SECTION 4942(H)(2) AND TREASURY REGULATION SECTION 53.4942(A)-3(D)(2), THE CARL C. ICAHN FOUNDATION HEREBY ELECTS TO TREAT A SPECIFIC GRANT MADE DURING THE 2024 TAX YEAR AS A QUALIFYING DISTRIBUTION.THE FOUNDATION MADE A QUALIFYING DISTRIBUTION OF $4,000,000 TO IPAW, INC., A RELATED NON-OPERATING FOUNDATION IN CALENDAR YEAR ENDING DECEMBER 31, 2024. 1. NOT LATER THAN ONE YEAR AFTER THE END OF THE TAX YEAR IN WHICH IPAW, INC. RECEIVED THE $4,000,000 CONTRIBUTION, IT MADE A DISTRIBUTION EQUAL TO THE FULL AMOUNT OF THE CONTRIBUTION AND THE DISTRIBUTION IS A QUALIFYING DISTRIBUTION THAT IS TREATED AS BEING MADE OUT OF CORPUS, AND2. THE CARL C. ICAHN FOUNDATION HAS OBTAINED ADEQUATE RECORDS FROM THE DONEE ORGANIZATION SHOWING THAT IPAW, INC. HAS MADE A QUALIFYING DISTRIBUTION OF THE FULL $4,000,000. THE AMOUNT RECEIVED IS TREATED AS BEING MADE OUT OF CORPUS (BY IPAW, INC) BY VIRTUE OF A CONDUIT GRANT ELECTION.

Form And Line ReferenceFormAndLineReferenceDesc

Medium ExplanationMediumExplanationTxt

PART VI-A LINE 11 CONTROLLED ENTITIES

EACH OF THE FOLLOWING ARE DISREGARDED ENTITIES AND NOT EXCESS BUSINESS HOLDINGS1) GREATER OPPORTUNITY, LLC EIN 13-391339316690 COLLINS AVE, 12TH FL SUNNY ISLES BEACH, FL 331602) ADDED OPPORTUNITY, LLC EIN 13-391339316690 COLLINS AVE, 12TH FL SUNNY ISLES BEACH, FL 331603) ADDITIONAL OPPORTUNITY I, LLC EIN 13-391339316690 COLLINS AVE, 12TH FL SUNNY ISLES BEACH, FL 331604) INWOOD OPPORTUNITY, LLC EIN 45-534093616690 COLLINS AVE, 12TH FL SUNNY ISLES BEACH, FL 331605) WEBSTER AVENUE PM, LLC EIN 46-067784016690 COLLINS AVE, 12TH FL SUNNY ISLES BEACH, FL 331606) ICAHN COVID-19 DISASTER RELIEF FUND LLC EIN 13-391339316690 COLLINS AVE, 12TH FL SUNNY ISLES BEACH, FL 33160IN ADDITION, THE FOUNDATION OWNS ONE OFFSHORE FOREIGN BLOCKERCORPORATION, GREATER OPPORTUNITY, LTD. THAT IS A PASSIVE BUSINESSENTERPRISE INSOFAR AS IT DERIVES AT LEAST 95% OF ITS GROSS INCOMEFROM PASSIVE SOURCES.

FORM 990PF, PART XII PASS THROUGH GRANT TREATMENT

STATEMENT REGARDING THE CARL C. ICAHN FOUNDATION'S ELECTION TO TREAT GRANTS TO IPAW, INC. AS PASS-THROUGH GRANTS PURSUANT TO INTERNAL REVENUE CODE SECTION 4942(H)(2) AND TREASURY REGULATION SECTION 53.4942(A)-3(D)(2), THE CARL C. ICAHN FOUNDATION HEREBY ELECTS TO TREAT A SPECIFIC GRANT MADE DURING THE 2024 TAX YEAR AS A QUALIFYING DISTRIBUTION.THE FOUNDATION MADE A QUALIFYING DISTRIBUTION OF $4,000,000 TO IPAW, INC., A RELATED NON-OPERATING FOUNDATION IN CALENDAR YEAR ENDING DECEMBER 31, 2024. 1. NOT LATER THAN ONE YEAR AFTER THE END OF THE TAX YEAR IN WHICH IPAW, INC. RECEIVED THE $4,000,000 CONTRIBUTION, IT MADE A DISTRIBUTION EQUAL TO THE FULL AMOUNT OF THE CONTRIBUTION AND THE DISTRIBUTION IS A QUALIFYING DISTRIBUTION THAT IS TREATED AS BEING MADE OUT OF CORPUS, AND2. THE CARL C. ICAHN FOUNDATION HAS OBTAINED ADEQUATE RECORDS FROM THE DONEE ORGANIZATION SHOWING THAT IPAW, INC. HAS MADE A QUALIFYING DISTRIBUTION OF THE FULL $4,000,000. THE AMOUNT RECEIVED IS TREATED AS BEING MADE OUT OF CORPUS (BY IPAW, INC) BY VIRTUE OF A CONDUIT GRANT ELECTION.

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
LIMITED PARTNERSHIPS	FMV	$41,887,841	$41,887,841
INV IN PRIVATELY HELD CORP STK	FMV	$23,133,005	$17,473,026

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	MORGAN LEWIS & BOCKIUS LLP	CategoryTxt
Legal Fees	$31,981	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$31,981	DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED LOSS ON INVESTMENTS	Desc
Amt	$2,075,663	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

Field	Value	IRS element (for citing)
Desc	FILING FEES	Desc
Revenue And Expenses Per Books	$965	RevenueAndExpensesPerBooksAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$965	DisbursementsCharitablePrpsAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	CONSULTING SERVICES	CategoryTxt
Amt	$4,883	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$4,883	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	FEDERAL EXCISE TAXES	CategoryTxt
Amt	$122,000	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Transfers Frm Controlled Entities TransfersFrmControlledEntities

Transfers From Controlled Ent TransfersFromControlledEntGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GREATER OPPORTUNITY LTD	BusinessNameLine1Txt

Foreign Address ForeignAddress

Field	Value	IRS element (for citing)
Address Line1	27 HOSPITAL ROAD	AddressLine1Txt
City	GEORGETOWN	CityNm
Country	CJ	CountryCd
Foreign Postal	KY1 9001	ForeignPostalCd

Field	Value	IRS element (for citing)
EIN	981309392	EIN
Desc	DISTRIBUTIONS FROM LIMITED PARTNERSHIP INVESTMENTS	Desc
Amt	$0	Amt

Field	Value	IRS element (for citing)
Total	$6,141,960	TotalAmt

Transfers To Controlled Entities TransfersToControlledEntities

Transfers To Controlled Ent TransfersToControlledEntGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	DescDesc	AmtAmt	Address Line1ForeignAddress/AddressLine1Txt	CityForeignAddress/CityNm	Province Or StateForeignAddress/ProvinceOrStateNm	CountryForeignAddress/CountryCd	Foreign PostalForeignAddress/ForeignPostalCd
ICAHN MEDICAL RESEARCH FOUNDATION
16690 COLLINS AVE 12TH FL	SUNNY ISLES BEACH	FL	33160	461404597	GENERAL SUPPORT DONATION.	$80,000
IPAW INC
				922009980	GENERAL SUPPORT DONATION.	$4,000,000	16690 COLLINS AVE 12TH FL	SUNNY ISLES BEACH	FLORIDA	CJ	33160

Field	Value	IRS element (for citing)
Total	$4,080,000	TotalAmt