2024-10-23T16:31:23-05:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990PF 2023-01-01 133937693 PAUL SIMONS FOUNDATION INC PAUL 6316890619 200 HARBOR ROAD STONY BROOK NY 11790 ELIZABETH WILLIAMSON TREASURER 6316890619 2024-10-23 1 1 SCOTT THOMPSETT P00741490 2125990100 2023 2024-10-15 13:58:12Z X 112077491 X 6100000 916059 916059 0 423184 0 -306171 7016059 1033072 0 0 0 0 0 1636 18 0 1618 22631 2263 0 20368 65000 65000 0 0 44447 25841 0 0 6200 298 0 5902 139914 93420 0 27888 12900000 12900000 13039914 93420 0 12927888 -6023855 939652 0 722944 344593 344593 23665685 9063966 9063966 90362998 102668932 102668932 114751627 112077491 112077491 24000 24000 45509 0 69509 24000 X 0 0 0 0 114682118 112053491 114682118 112053491 114751627 112077491 114682118 -6023855 3395228 112053491 0 112053491 LONG-TERM REALIZED GAIN FROM LPS P 1772514 1772514 SHORT-TERM REALIZED LOSS FROM LPS P -1347406 -1347406 LESS: SHORT-TERM CAPITAL GAIN FROM UBTI P -276 -276 LESS: LONG-TERM CAPITAL LOSS FROM UBIT P 1678 1678 LESS: 1231 GAIN FROM UBTI P -3326 -3326 423184 -1347682 13061 0 13061 0 13061 144807 0 0 0 144807 0 131746 131746 0 0 0 0 0 0 0 0 0 1 1 0 1 1 NY 1 0 0 1 0 1 N/A ELIZABETH WILLIAMSON 6316890619 200 HARBOR ROAD STONY BROOK NY 11790 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 JAMES H SIMONS 200 HARBOR ROAD STONY BROOK NY 11790 PRESIDENT 0.25 0 0 0 MARILYN SIMONS 200 HARBOR ROAD STONY BROOK NY 11790 SECRETARY 0.25 0 0 0 ELIZABETH SIMONS 200 HARBOR ROAD STONY BROOK NY 11790 DIRECTOR 0.25 0 0 0 NATHANIEL SIMONS 200 HARBOR ROAD STONY BROOK NY 11790 DIRECTOR 0.25 0 0 0 KATHERINE GRIFFITHS 200 HARBOR ROAD STONY BROOK NY 11790 ASSISTANT SECRETARY 0.25 0 0 0 ELIZABETH WILLIAMSON 200 HARBOR ROAD STONY BROOK NY 11790 TREASURER 0.25 0 0 0 NONE 0 EUCLIDEAN CAPITAL LLC 160 5TH AVE 9 NEW YORK NY 10010 INVESTMENT SERVICES 65000 0 NONE 0 0 0 92554591 19211517 0 111766108 0 0 111766108 1676492 110089616 5504481 5504481 13061 13061 5491420 0 5491420 0 5491420 12927888 0 12927888 5491420 0 0 1302435 1225465 1244846 5165641 2923918 11862305 12927888 0 0 0 5491420 7436468 0 0 19298773 0 0 0 0 0 0 1302435 17996338 1225465 1244846 5165641 2923918 7436468 JAMES H SIMONS MARILYN SIMONS X AVALON NATURE PRESERVE INC 200 HARBOR ROAD STONY BROOK NY 11790 N/A POF GENERAL OPERATING SUPPORT 12900000 12900000 0 14 916059 900000 1924 18 282278 PORTFOLIO LOSS FROM INVESTMENTS IN LIMITED PARTNERSHIPS 900000 -284202 -282278 1198337 0 916059 0 0 0 0 0 0 0 0 0 0 X X 1 JIM SIMONS 160 FIFTH AVENUE 7TH FLOOR NEW YORK NY 10010 5185000 X 2 MARILYN SIMONS 160 FIFTH AVENUE 7TH FLOOR NEW YORK NY 10010 915000 X GRANT THORNTON LLP 22631 2263 0 20368 NONE 0 AVALON NATURE PRESERVE INC 200 HARBOR ROAD STONY BROOK NY 11790 2023-12-23 12900000 FOR THE PRESERVATION AND MAINTENANCE OF A 216-ACRE NATURE PRESERVE. 12900000 NO DECEMBER 31, 2023 2024-03-31 THE DATES OF THE GRANTS WERE 1/31/23, 2/28/23, 3/31/23, 4/28/23, 5/31/23, 6/30/23, 7/31/23, 8/31/23, 9/29/23, 10/31/23, 11/30/23, 12/22/23. TO THE BEST OF THE FOUNDATION'S KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDS (OR INCOME THEREFROM) FROM THE PURPOSE OF THE GRANT. BOTH THE PAUL SIMONS FOUNDATION AND AVALON NATURE PRESERVE, INC. ARE SUPERVISED BY THE SAME FINANCE TEAM AND THE FOUNDATION HAS ACCESS DAILY TO A DETAILED REPORT OF THE PRESERVE'S EXPENDITURES. THE FOUNDATION HAS NOT UNDERTAKEN AN INVESTIGATION OF THE GRANTEE'S REPORTS BECAUSE IT HAS NO REASON TO BELIEVE THAT THOSE REPORTS ARE OF DUBIOUS ACCURACY. THE GRANTEE HAS CERTIFIED THAT IT HAS EXPENDED, FOR CHARITABLE AND EDUCATIONAL PURPOSES, AN AMOUNT EQUAL TO THE VALUE OF THE GRANT NOT LATER THAN THE END OF THE GRANTEE'S FIRST TAXABLE YEAR AFTER THE TAXABLE YEAR IN WHICH THE GRANT WAS RECEIVED, IN ACCORDANCE WITH THE OUT-OF-CORPUS RULES OF SECTION 4942(G)(3) OF THE CODE. FORM 990-PF, PART XI - QUALIFYING DISTRIBUTIONS THE GRANT OF $12,900,000 TO AVALON NATURE PRESERVE, INC. SHALL BE TREATED AS A QUALIFYING DISTRIBUTION OF THE PAUL SIMON'S FOUNDATION. THIS IS PERMITTED UNDER 53.4942(A)(3)(C)(1) BECAUSE:A. NOT LATER THAN ONE YEAR AFTER THE END OF THE TAX YEAR IN WHICH THE AVALON NATURE PRESERVE, INC. RECEIVED FUNDING FROM THE PAUL SIMONS FOUNDATION, IT MADE A DISTRIBUTION EQUAL TO THE FULL AMOUNT OF THE CONTRIBUTION. THE DISTRIBUTION CONSTITUTES A QUALIFYING DISTRIBUTION THAT IS TREATED AS BEING MADE OUT OF CORPUS (OR WOULD BE TREATED AS SUCH IF AVALON NATURE PRESERVE, INC. WERE A PRIVATE NON-OPERATING FOUNDATION), ANDB. AVALON NATURE PRESERVE, INC. HAS PROVIDED ADEQUATE RECORDS TO THE PAUL SIMONS FOUNDATION THAT IT HAS ACTUALLY PAID OUT THE GRANTED FUNDS TOWARDS EXPENDITURES USED IN FURTHERANCE OF OPERATING THE PRESERVE.AVALON NATURE PRESERVE, INC. IS NOT RECOGNIZING THESE EXPENSES AS QUALIFYING DISTRIBUTIONS ON ITS OWN TAX RETURN. FOR PURPOSES OF SECTION 53.4942(A)(3)(C)(1), EXPENSES INCURRED IN THE FURTHERANCE OF FULFILLING THE PRESERVE'S CHARITABLE MISSION (E.G. OPERATING THE PRESERVE) CONSTITUTE A "PAYOUT" THAT SATISFIES THE QUALIFYING DISTRIBUTION REQUIREMENTS. LIMITED PARTNERSHIPS FMV 75228554 75228554 ALTERNATIVE INVESTMENTS FMV 27440378 27440378 LOEB, BLOCK & PARTNERS LLP 1618 0 0 1618 EUCLIDEAN CAPITAL LLC - LEGAL FEES 18 18 0 0 INSURANCE 3232 0 0 3232 STATE FILING FEES 2468 0 0 2468 BANK FEES 298 298 0 0 OFFICE EXPENSES 202 0 0 202 PORTFOLIO LOSS FROM INVESTMENTS IN LIMITED PARTNERSHIPS 0 -306171 0 UNREALIZED GAIN ON INVESTMENTS 3395228 INVESTMENTS PAYABLE 45509 0 EUCLIDEAN CAPITAL LLC - INVESTMENT SERVICES 65000 65000 0 0 FEDERAL TAX PROVISION 32956 0 0 0 FOREIGN TAXES 0 25841 0 0 STATE UNRELATED BUSINESS INCOME TAX 11491 0 0 0 PSF LEGACY LLC 200 HARBOR ROAD STONY BROOK NY 11790 854101105 TRANSFER TO FUND THE FOUNDATION'S CASH NEEDS. 59896373 8800000 PSF LEGACY LLC 200 HARBOR ROAD STONY BROOK NY 11790 854101105 TRANSFER OF INVESTMENT HOLDINGS. 59896373 59896373