DEFINE AND MUHTAR KENT EDUCATIONAL FOUNDATION: Form 990PF, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- DEFINE AND MUHTAR KENT EDUCATIONAL FOUNDATION (EIN 45-2735138)
- Tax period
- 2025-01-01 to 2025-12-31
- Filed
- 2026-05-08
- IRS object ID
- 202601299349100200
- Schema version
- 2025v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-08T23:26:38-05:00 | ReturnTs |
| Tax Period End | 2025-12-31 | 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 | 2025-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 452735138 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Defne and Muhtar Kent Educational Foundation | BusinessNameLine1Txt |
| Business Name Line2 | Inc | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | DEFN | 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 | Muhtar Kent | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2026-05-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
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 | 2025 | 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 | $27,770,212 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $23,757 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $23,757 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $787,920 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $787,920 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $355,137 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,087,294 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $355,137 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,166,814 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,166,814 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $3,415 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $3,415 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $96,436 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $31,436 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $65,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $16,832 | TaxesRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $48,817 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $48,817 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $65,341 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $65,341 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $230,841 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $31,436 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $182,573 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,057,645 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,057,645 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,288,486 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $31,436 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,240,218 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$121,672 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,135,378 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $881,361 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $432,889 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $432,889 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations EOY | $2,199,883 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $2,202,096 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $19,271,165 | CorporateStockBOYAmt |
| Corporate Stock EOY | $17,467,551 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $25,135,227 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $20,152,526 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,100,323 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $27,770,212 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $20,152,526 | RetainedEarningBOYAmt |
| Retained Earning EOY | $20,100,323 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $20,152,526 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $20,100,323 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $20,152,526 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $20,100,323 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $20,152,526 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$121,672 | ExcessRevenueOverExpensesAmt |
| Other Increases | $69,469 | OtherIncreasesAmt |
| Subtotal | $20,100,323 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $20,100,323 | 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 | $2,087,294 | GrossSalesPriceAmt |
| Cost Or Other Basis | $1,732,157 | CostOrOtherBasisAmt |
| Gain Or Loss | $355,137 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $355,137 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $355,137 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $15,782 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $15,782 | SubtotalAmt |
| Tax Based On Investment Income | $15,782 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $9,100 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $9,100 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $6,682 | TaxDueAmt |
| Refund | $0 | RefundAmt |
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 | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | GA | 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 | Yes (true) | 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 | Yes (true) | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| 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 (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 |
|---|---|---|---|---|---|---|---|---|
| Cem Omer Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
| Defne Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec, Treas | 1.0 | $0 | $0 | $0 |
| Muhtar Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Pres, Dir | 1.0 | $0 | $0 | $0 |
| Selin Ipek Kent | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Walls Drive Ste 302 | AddressLine1Txt |
| City | Fairfield | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Administrative | ServiceTypeTxt |
| Compensation | $63,000 | CompensationAmt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SUMMER SCHOLARSHIP PROGRAM: 10-DAY PROGRAM IN TURKEY WHERE SCHOLARS WOULD TRAVEL TO INTERACT WITH TURKISH HIGH SCHOOL STUDENTS TO SHARE THEIR KNOWLEDGE & HELP WITH STEM PROJECTS. | Description1Txt |
| Expenses1 | $7,056 | Expenses1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $26,581,529 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $842,154 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $27,423,683 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $27,423,683 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $411,355 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $27,012,328 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,350,616 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,350,616 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $15,782 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $15,782 | TotalTaxAmt |
| Distributable Before Adj | $1,334,834 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,334,834 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,334,834 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,240,218 | 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 | $1,240,218 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,334,834 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,236,814 | UndistributedIncomePYAmt |
| Prior Year1 | 2023 | PriorYear1Yr |
| Prior Year2 | 2022 | PriorYear2Yr |
| Prior Year3 | 2021 | PriorYear3Yr |
| Qualifying Distributions | $1,240,218 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,236,814 | AppliedToYear1Amt |
| Applied To Current Year | $3,404 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $1,331,430 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Defne Kent | ContributingManagerNm |
| Contributing Manager | Muhtar Kent | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (53 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | Address Line2RecipientUSAddress/AddressLine2Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A A Adiguzel | |||||||||||||
| ARIZONA STATE UNIVERSITY | PO BOX 870412 | TEMPE | AZ | 85287 | NONE | I | Scholarship Grant | $7,500 | |||||
| H Aksoy | |||||||||||||
| ARIZONA STATE UNIVERSITY | PO BOX 870412 | TEMPE | AZ | 85287 | NONE | I | Scholarship Grant | $10,000 | |||||
| A A Adiguzel | |||||||||||||
| ARIZONA STATE UNIVERSITY | PO BOX 870412 | TEMPE | AZ | 85287 | NONE | I | Scholarship Grant | $7,500 | |||||
| E Inan | |||||||||||||
| BERKLEE COLLEGE OF MUSIC INC | 1140 BOYLSTON ST | BOSTON | MA | 02215 | NONE | I | Scholarship Grant | $20,000 | |||||
| I Turasi | |||||||||||||
| CALIFORNIA INSTITUTE OF TECHNOLOGY | 1200 E CALIFORNIA BLVD M/C 5-32 | PASADENA | CA | 91125 | NONE | I | Scholarship Grant | $2,600 | |||||
| I Turasi | |||||||||||||
| CALIFORNIA INSTITUTE OF TECHNOLOGY | 1200 E CALIFORNIA BLVD M/C 5-32 | PASADENA | CA | 91125 | NONE | I | Scholarship Grant | $2,600 | |||||
| DONOR ADVISED CHARITABLE GIVING | |||||||||||||
| PO BOX 2430 | OMAHA | NE | 68103 | N/A | PC | General & Unrestricted (See General Explanation) | $205,203 | ||||||
| E Ozdemir | |||||||||||||
| DREXEL UNIVERSITY | 3141 CHESTNUT ST | PHILADELPHIA | PA | 19104 | NONE | I | Scholarship Grant | $10,000 | |||||
| A H Cag | |||||||||||||
| DREXEL UNIVERSITY | 3141 CHESTNUT ST | PHILADELPHIA | PA | 19104 | None | I | Scholarship Grant | $13,000 | |||||
| E Ozemek | |||||||||||||
| DUKE UNIVERSITY | PO BOX 90759 | DURHAM | NC | 27708 | NONE | I | Scholarship Grant | $20,000 | |||||
| A K Narn | |||||||||||||
| GEORGIA INSTITUTE OF TECHNOLOGY | 225 NORTH AVE NW | ATLANTA | GA | 30332 | NONE | I | Scholarship Grant | $30,000 | |||||
| M E Tiryaki | |||||||||||||
| JOHNS HOPKINS UNIVERSITY | 3400 N CHARLES ST 146 GARLAND HALL | BALTIMORE | MD | 21218 | NONE | I | Scholarship Grant | $30,000 | |||||
| B Kurnaz | |||||||||||||
| KENYON COLLEGE | 209 CHASE AVE | GAMBIER | OH | 43022 | NONE | I | Scholarship Grant | $15,000 | |||||
| B Kurnaz | |||||||||||||
| KENYON COLLEGE | 209 CHASE AVE | GAMBIER | OH | 43022 | NONE | I | Scholarship Grant | $15,000 | |||||
| B Gorguluarslan | |||||||||||||
| NONE | I | Scholarship Grant | $20,595 | Kings College STRAND CAMPUS | LONDON | Strand, London | UK | WC2R 2LS | |||||
| N A Basciftci | |||||||||||||
| LAFAYETTE COLLEGE | 730 HIGH ST 307 MARKEL HALL | EASTON | PA | 18042 | NONE | I | Scholarship Grant | $30,000 | |||||
| A Yamaner | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | NONE | I | Scholarship Grant | $15,000 | |||||
| D E Yaldiz | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | NONE | I | Scholarship Grant | $16,160 | |||||
| H Rainge | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | NONE | I | Scholarship Grant | $20,000 | |||||
| D Dagdur | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | NONE | I | Scholarship Grant | $10,000 | |||||
| A Yamaner | |||||||||||||
| MICHIGAN STATE UNIVERSITY | SPARTAN WAY 535 CHESTNUT RD RM 300 | EAST LANSING | MI | 48824 | NONE | I | Scholarship Grant | $30,000 | |||||
| D Karalar | |||||||||||||
| MICHIGAN STATE UNIVERSITY | 556 E CIR DR RM 252 | EAST LANSING | MI | 48824 | NONE | I | Scholarship Grant | $30,000 | |||||
| E A Somay | |||||||||||||
| NEW SCHOOL UNIVERSITY | DVLPMNT OFFICE 66 FIFTH AVE 7TH FL | NEW YORK | NY | 10011 | NONE | I | Scholarship Grant | $5,000 | |||||
| E A Somay | |||||||||||||
| NEW SCHOOL UNIVERSITY | DVLPMNT OFFICE 66 FIFTH AVE 7TH FL | NEW YORK | NY | 10011 | NONE | I | Scholarship Grant | $5,000 | |||||
| Y Cinar | |||||||||||||
| NORTHWESTERN UNIVERSITY | 1201 DAVIS ST 3RD FLOOR | EVANSTON | IL | 60208 | NONE | I | Scholarship Grant | $15,000 | |||||
| M A Yalcin | |||||||||||||
| NORTHWESTERN UNIVERSITY | 1201 DAVIS ST 3RD FLOOR | EVANSTON | IL | 60208 | NONE | I | Scholarship Grant | $30,000 | |||||
| H A Ari | |||||||||||||
| NORTHWESTERN UNIVERSITY | 1201 DAVIS ST 3RD FLOOR | EVANSTON | IL | 60208 | NONE | I | Scholarship Grant | $15,000 | |||||
| Y Cinar | |||||||||||||
| NORTHWESTERN UNIVERSITY | 1201 DAVIS ST 3RD FLOOR | EVANSTON | IL | 60208 | NONE | I | Scholarship Grant | $15,000 | |||||
| H A Ari | |||||||||||||
| NORTHWESTERN UNIVERSITY | 1201 DAVIS ST 3RD FLOOR | EVANSTON | IL | 60208 | NONE | I | Scholarship Grant | $15,000 | |||||
| E Cengiz | |||||||||||||
| PENNSYLVANIA STATE UNIVERSITY | 2583 GATEWAY DR STE 130 | STATE COLLEGE | PA | 16801 | NONE | I | Scholarship Grant | $25,000 | |||||
| G Aycicek | |||||||||||||
| PRES FELLOWS MIDDLEBURY COLLEGE | 700 EXCHANGE ST | MIDDLEBURY | VT | 05753 | NONE | I | Scholarship Grant | $15,000 | |||||
| G Aycicek | |||||||||||||
| PRES FELLOWS MIDDLEBURY COLLEGE | 700 EXCHANGE ST | MIDDLEBURY | VT | 05753 | NONE | I | Scholarship Grant | $15,000 | |||||
| A Erefe | |||||||||||||
| PRES FELLOWS MIDDLEBURY COLLEGE | 173 MAIN ST STE 201 | WATERVILLE | ME | 04901 | NONE | I | Scholarship Grant | $20,000 | |||||
| I Yuzcelk | |||||||||||||
| PURDUE UNIVERSITY | 610 PURDUE MALL | WEST LAFAYETTE | IN | 47907 | NONE | I | Scholarship Grant | $30,000 | |||||
| T Kucur | |||||||||||||
| PURDUE UNIVERSITY | 610 PURDUE MALL | WEST LAFAYETTE | IN | 47907 | NONE | I | Scholarship Grant | $15,000 | |||||
| K B Oktay | |||||||||||||
| REGENTS OF UNIV CA BERKELEY | 201 SPROUL HALL 1960 | BERKELEY | CA | 94720 | NONE | I | Scholarship Grant | $15,000 | |||||
| K B Oktay | |||||||||||||
| REGENTS OF UNIV CA BERKELEY | 201 SPROUL HALL 1960 | BERKELEY | CA | 94720 | NONE | I | Scholarship Grant | $15,000 | |||||
| B Ca | |||||||||||||
| REGENTS OF UNIV CA LOS ANGELES | BOX 957089 1125 MURPHY HALL | LOS ANGELES | CA | 90095 | NONE | I | Scholarship Grant | $15,000 | |||||
| B ca | |||||||||||||
| REGENTS OF UNIV CA LOS ANGELES | BOX 957089 1125 MURPHY HALL | LOS ANGELES | CA | 90095 | NONE | I | Scholarship Grant | $15,000 | |||||
| E Turan | |||||||||||||
| STANFORD UNIVERSITY | 326 GALVEZ ST | STANFORD | CA | 94305 | NONE | I | Scholarship Grant | $7,500 | |||||
| M C Yedekci | |||||||||||||
| STANFORD UNIVERSITY | 326 GALVEZ ST | STANFORD | CA | 94305 | NONE | I | Scholarship Grant | $30,000 | |||||
| Y Tur | |||||||||||||
| STANFORD UNIVERSITY | 326 GALVEZ ST | STANFORD | CA | 94305 | NONE | I | Scholarship Grant | $30,000 | |||||
| U Sahmeran | |||||||||||||
| TRUSTEES OF DARTMOUTH COLLEGE | 20 N MAIN ST | HANOVER | NH | 03755 | NONE | I | Scholarship Grant | $3,734 | |||||
| U Sahmeran | |||||||||||||
| TRUSTEES OF DARTMOUTH COLLEGE | 20 N MAIN ST | HANOVER | NH | 03755 | NONE | I | Scholarship Grant | $3,253 | |||||
| Y T Eker | |||||||||||||
| TRUSTEES OF UNIV OF PA | 3451 WALNUT ST FRANKLIN BLDG RM 100 | PHILADELPHIA | PA | 19104 | NONE | I | Scholarship Grant | $3,750 | |||||
| Y T Eker | |||||||||||||
| TRUSTEES OF UNIV OF PA | 3451 WALNUT ST FRANKLIN BLDG RM 100 | PHILADELPHIA | PA | 19104 | NONE | I | Scholarship Grant | $3,750 | |||||
| E Yigit | |||||||||||||
| NONE | I | Scholarship Grant | $15,000 | Univ Cambridge 9-11 ST ANDREWS ST | CAMBRIDGE | UK | CB2 3AA | ||||||
| E Yigit | |||||||||||||
| NONE | I | Scholarship Grant | $15,000 | Univ Cambridge 9-11 ST ANDREWS ST | CAMBRIDGE | UK | CB2 3AA | ||||||
| C Turkay | |||||||||||||
| UNIVERSITY OF ILLINOIS | 620 EAST JOHN ST | CHAMPAIGN | IL | 61820 | NONE | I | Scholarship Grant | $20,000 | |||||
| M Erim | |||||||||||||
| UNIV OF NC CHAPEL HILL | PO BOX 309 | CHAPEL HILL | NC | 27514 | NONE | I | Scholarship Grant | $30,000 | |||||
| O Gokpinar | |||||||||||||
| VA POLYTECHNC INSTITUTE STATE UNI | 800 WASHINGTON ST SW STE 150 | BLACKSBURG | VA | 24061 | NONE | I | Scholarship Grant | $15,000 | |||||
| I E Oz | |||||||||||||
| YALE UNIVERSITY | PO BOX 209010 | NEW HAVEN | CT | 06520 | NONE | I | Scholarship Grant | $30,000 | |||||
| Donor Advised Charitable Giving | |||||||||||||
| PO BOX 2430 | Omaha | NE | 68103 | N/A | PC | General & Unrestricted | $10,500 | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,057,645 | 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 | $23,757 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $787,920 | 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 | $355,137 | 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 | $1,166,814 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,166,814 | 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 |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | In-Kind Grant | 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: $205,203 TOTAL BOOK VALUE OF PROPERTY: $135,735 TOTAL CASH PORTION OF GRANTS: $- TOTAL AMOUNT OF GRANTS: $205,203 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES/DECREASES: $69,469 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: THE COCA-COLA CO UNITS: 2,925 DATE OF DISTRIBUTION: 12/10/2025 GRANT RECIPIENT: DONOR ADVISED CHARITABLE GIVING FMV OF PROPERTY: $205,203 BOOK VALUE OF PROPERTY: $135,735 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $205,203 | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (51 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALTRIA GROUP INC | $58,658 | $75,823 |
| AMERICAN FUNDS NEW PERSPECTIVE | $93,231 | $143,913 |
| AMGEN INC | $70,986 | $100,484 |
| APPLE INC | $122,357 | $272,676 |
| BLACKROCK EMERGING MARKETS FUN | $62,268 | $60,463 |
| CATERPILLAR INC | $35,895 | $123,167 |
| CISCO SYSTEMS INC | $64,507 | $106,918 |
| CONESTOGA SMALL CAP INST | $27,536 | $36,246 |
| COSTCO WHOLESALE CORPORATION | $28,489 | $70,712 |
| DBX ETF TR/X-TRACKERS MSCI EAF | $1,087,884 | $1,529,357 |
| DODGE & COX STOCK | $223,590 | $316,817 |
| ELI LILLY & CO | $40,928 | $183,770 |
| FPA CRESCENT PORTFOLIO | $100,132 | $129,070 |
| GEN DYNAMICS CP | $30,414 | $66,322 |
| HOME DEPOT INC | $77,111 | $87,057 |
| HONEYWELL INTL | $36,480 | $50,528 |
| ILLINOIS TOOL WORKS | $34,007 | $42,856 |
| INFINITY Q DIVERSIFIED ALPHA F | $72,975 | $0 |
| INTERNATIONAL GROWTH AND INCOM | $723,619 | $925,894 |
| ISHARES S&P 500 INDEX FD | $257,809 | $687,680 |
| JOHNSON & JOHNSON | $105,181 | $134,724 |
| KENVUE INC | $6,522 | $5,537 |
| LOCKHEED MARTIN CORP | $61,266 | $75,936 |
| LOWES COMPANIES INC | $41,507 | $64,390 |
| MASTERCARD INC | $36,324 | $63,939 |
| MCDONALD'S CORP | $66,501 | $84,354 |
| MERCK & CO INC | $60,778 | $86,103 |
| MICROSOFT CORP | $168,130 | $360,781 |
| MORGAN STANLEY | $70,464 | $143,977 |
| OAKMARK INTERNATIONAL FUND | $78,526 | $98,718 |
| ORACLE CORP | $56,225 | $149,691 |
| PHILIP MORRIS INTL | $86,291 | $136,500 |
| PIMCO INCOME FUND | $362,374 | $339,429 |
| PROCTER GAMBLE CO | $89,800 | $98,597 |
| QUALCOMM INC | $46,266 | $62,946 |
| SOLSTICE ADVANCED MATERIALS IN | $8,782 | $3,109 |
| T ROWE PRICE CAP APPRECIATION | $81,126 | $87,166 |
| TARGET CORPORATION | $54,279 | $32,746 |
| TEXAS INSTRUMENTS INC | $56,487 | $65,753 |
| THE COCA-COLA CO | $8,175,000 | $12,700,900 |
| THRIVENT SMALL CAP STOCK | $34,303 | $39,905 |
| TWEEDY BROWNE GLOBAL VALUE FUN | $124,250 | $130,186 |
| UNION PACIFIC | $52,045 | $61,531 |
| UNITED PARCEL SERVICE | $44,249 | $29,856 |
| VANGUARD DIVIDEND GROWTH FD | $1,290,773 | $1,375,669 |
| VANGUARD EQUITY INCOME - ADMIR | $1,856,835 | $2,276,777 |
| VANGUARD TOTAL BOND MARKET ETF | $345,435 | $301,317 |
| VANGUARD TOTAL BOND MARKET IND | $60,901 | $56,282 |
| VISA INC | $52,508 | $89,080 |
| WAL-MART STORES INC | $75,685 | $174,468 |
| WISDOMTREE SC DIV | $569,862 | $795,107 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $2,199,883 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $2,202,096 | USGovtObligationsEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Document Review/Drafting | CategoryTxt |
| Legal Fees | $3,415 | LegalFeesAmt |
| Disbursements Charitable Prps | $3,415 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $63,000 | $63,000 |
| Postage/Delivery Service | $806 | $806 |
| State or Local Filing Fees | $35 | $35 |
| Website Hosting/Support | $1,500 | $1,500 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GRANT OF PUBLICLY TRADED SECURITIES | Desc |
| Amt | $69,469 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administration of Foundation | $29,000 | $29,000 | |
| Investment Management Services | $31,436 | $31,436 | |
| Philanthropic Consulting Srvcs | $36,000 | $36,000 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2025 | $9,100 |
| 990-PF Excise Tax for 2024 | $7,732 |