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      <GeneralExplanationGrp>
        <FormAndLineReferenceDesc>FORM 990-PF: PAGE 7, PART VIII-A, LINE 1</FormAndLineReferenceDesc>
        <MediumExplanationTxt>STATEMENT OF ACTIVITIES:IN 2024, THE FRK FOUNDATION (FRKF) CONTINUED ITS MISSION TO PROMOTE AND SUPPORT THE ARTS AND HUMANITIES THROUGH PERFORMANCE, PRESERVATION, EDUCATION, AND MEANINGFUL PARTNERSHIPS. REFLECTING THE ENDURING LEGACY OF FREDERICK R. KOCH, THE FOUNDATION'S U.S. PROGRAMMING THIS YEAR SPANNED CLASSICAL MUSIC, ARCHITECTURE, VISUAL ARTS, AND CULTURAL HISTORY, THROUGH EVENTS, COLLABORATIONS, AND ENGAGEMENT AT OUR HISTORIC VENUES IN NEW YORK AND PENNSYLVANIA.SUMMARY OF EVENTS:6 E 80TH STREET, NEW YORKCLASSICAL MUSIC AND EDUCATION:FRKF OFFERED ITS TOWNHOUSE IN MANHATTAN AS AN INTIMATE CULTURAL SALON, PRESENTING DIVERSE MUSICAL PROGRAMS IN PARTNERSHIP WITH LEADING INSTITUTIONS DEDICATED TO THE CULTIVATION OF YOUNG TALENT AND CONTEMPORARY EXPRESSION.NOTABLE EVENTS IN 2024 INCLUDED:AMERICAN YOUTH ORCHESTRA - FEBRUARY 7 &amp; JULY 2, 2024HIGH SCHOOL MUSICIANS FROM THE ORCHESTRATING DREAMS PROGRAM PERFORMED STUDENT-COMPOSED WORKS, GERSHWIN, AND LIN-MANUEL MIRANDA ARRANGEMENTS FOR AN AUDIENCE OF 36. A DIGITAL "VALENTINE" FEATURING THE RECORDED AUDIO WAS CREATED AS A FOLLOW-UP.YOUNG CONCERT ARTISTS - FEBRUARY 5 &amp; OCTOBER 26, 2024TWO PERFORMANCES HOSTED FOR THIS ESTEEMED PLATFORM FOR EMERGING CLASSICAL MUSICIANS, WITH POST-PERFORMANCE RECEPTIONS.CHAMBER MUSIC SOCIETY OF LINCOLN CENTREA CELEBRATED ENSEMBLE RETURNED TO PRESENT A CURATED EVENING OF CLASSICAL REPERTOIRE FOR A PRIVATE AUDIENCE.METLIVEARTS &amp; THE METROPOLITAN MUSEUM OF ART - FEBRUARY 15 &amp; 17, 2024A POST-PERFORMANCE RECEPTION WAS HELD FOLLOWING HANDEL: MADE IN AMERICA, FOSTERING CONVERSATION AMONG PERFORMERS, PATRONS, AND CURATORS. ARCHITECTURE AND CULTURAL HERITAGE:NEW YORK LANDMARK CONSERVANCY - JANUARY 17, 2024TOUR AND RECEPTION HOSTED AT THE TOWNHOUSE TO CELEBRATE NEW YORK'S ARCHITECTURAL LEGACY, WITH PARTICIPATION FROM LEADING PRESERVATIONISTS.AUSTRIAN CULTURAL FORUM NY - JUNE 18, 2024CULTURAL DIPLOMACY THROUGH MUSIC AND PERFORMANCE, ENHANCING THE FOUNDATION'S ONGOING RELATIONSHIP WITH AUSTRIAN ARTS INSTITUTIONS.ELM COURT, BUTLER, PENNSYLVANIACOMMUNITY ENGAGEMENT AND CULTURAL EXCHANGE:THE HISTORIC ELM COURT ESTATE SERVED ONCE AGAIN AS A REGIONAL CULTURAL BEACON. EVENTS PRIORITISED INCLUSIVITY, MUSIC EDUCATION, AND CIVIC PARTNERSHIPS:BIDWELL TRAINING CENTRE LUNCHEON - MAY 22, 2024CULINARY STUDENTS PRESENTED A SPECIALLY CURATED MENU FOR A FOUNDATION-HOSTED LUNCHEON, PROMOTING WORKFORCE TRAINING AND HOSPITALITY ARTS.PITTSBURGH BOTANIC GARDEN TOUR &amp; LUNCH - SEPTEMBER 18, 2024FRKF WELCOMED 20-25 GARDEN MEMBERS FOR A GUIDED TOUR AND LOCALLY-SOURCED LUNCH, REINFORCING OUR COMMITMENT TO LANDSCAPE AND GARDEN DESIGN.CHATHAM BAROQUE - OCTOBER 26, 2024EARLY MUSIC ENSEMBLE PERFORMANCE, DEEPENING COMMUNITY ACCESS TO HISTORICALLY INFORMED PERFORMANCE.BUTLER BAR ASSOCIATION ANNUAL EVENT - DECEMBER 6, 2024AN ANNUAL GATHERING HOSTED AT ELM COURT WITH LIVE MUSIC AND REFRESHMENTS, SUPPORTING CIVIC ENGAGEMENT. A $2,500 DONATION SUPPORTED ACCESS TO THE SPACE.ARTISTIC COLLABORATIONS:WQED PITTSBURGH MAINTAINED INTEREST IN BROADCASTING OR DOCUMENTING SELECT CULTURAL PROGRAMS AT ELM COURT, FURTHER BROADENING FRKF'S AUDIENCE REACH THROUGH RADIO AND DIGITAL CONTENT.STRATEGIC INITIATIVES AND COLLECTION STEWARDSHIPIN ADDITION TO ITS PUBLIC PROGRAMMING, THE FOUNDATION CONTINUES TO PURSUE BEHIND-THE- SCENES INITIATIVES VITAL TO ITS LONG-TERM MISSION:STEWARDSHIP OF THE FREDERICK R. KOCH COLLECTIONTHE FOUNDATION PRIORITIZES THE CONSERVATION AND ASSESSMENT OF KEY COLLECTIONS IN ITS HOLDINGS, INCLUDING FINE ART, DECORATIVE ARTS, AND RARE BOOKS, WITH A VIEW TOWARD FUTURE EDUCATIONAL DISPLAY AND INSTITUTIONAL LENDING TO QUALIFIED NONPROFIT ARTS PARTNERS.VENUE ACCESS AND PUBLIC USE FRAMEWORKSIN 2024, PROGRESS WAS MADE TOWARD STANDARDIZING EVENT PLANNING PROCEDURES, RATE STRUCTURES, AND VENDOR PROTOCOLS ACROSS FOUNDATION PROPERTIES. THIS FRAMEWORK IS DESIGNED TO FACILITATE RESPONSIBLE THIRD-PARTY USE OF THE SPACES, WHILE PRESERVING THE CHARACTER AND INTEGRITY OF FRKF VENUES. THE FOUNDATION WILL CONTINUE TO PURSUE AVENUES FOR SHARING THE SPACES AND COLLECTIONS IN ORDER TO SUPPORT OTHER NON-PROFIT ARTS ORGANIZATIONS AND THE GENERAL PUBLIC. INTERNATIONAL CULTURAL HERITAGE SUPPORTTHROUGH COORDINATION WITH ITS AUSTRIAN COUNTERPART, FRKF (US) MAINTAINS AN ADVISORY AND SUPPORTIVE ROLE IN THE CARE, INTERPRETATION, AND PROGRAMMING OF SCHLOSS BLHNBACH, FURTHERING THE SITE'S CHARITABLE AND CULTURAL POTENTIAL AS A VENUE FOR MUSIC, SCHOLARSHIP, AND CROSS-CULTURAL DIALOGUEKEY PARTNERSHIPS AND COLLABORATIONSIN 2024, FRKF PARTNERED WITH OVER 10 ORGANIZATIONS, INCLUDING:1. YOUNG CONCERT ARTISTS2. AMERICAN YOUTH ORCHESTRA / ORCHESTRATING DREAMS3. CHAMBER MUSIC SOCIETY OF LINCOLN CENTRE4. METLIVEARTS AND THE METROPOLITAN MUSEUM OF ART5. AUSTRIAN CULTURAL FORUM NEW YORK6. NEW YORK LANDMARK CONSERVANCY7. BIDWELL TRAINING CENTER8. CHATHAM BAROQUE9. PITTSBURGH BOTANIC GARDEN10. BUTLER BAR ASSOCIATION11. WQEDTHESE COLLABORATIONS SUPPORTED FRKF'S MISSION TO CELEBRATE ARTISTIC EXCELLENCE, HERITAGE PRESERVATION, AND EMERGING CREATIVE VOICES.</MediumExplanationTxt>
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      <GeneralExplanationGrp>
        <FormAndLineReferenceDesc>FORM 990-PF: PAGE 2, PART III, LINES 1-4</FormAndLineReferenceDesc>
        <MediumExplanationTxt>FOR THE 2023 TAX PERIOD, THE ORGANIZATION PREPARED ITS FORM 990-PF USING THE MODIFIED ACCRUAL METHOD OF ACCOUNTING. FOR THE 2024 TAX PERIOD, THE ORGANIZATION CHANGED ITS ACCOUNTING METHOD TO THE ACCRUAL METHOD. THIS CHANGE WAS MADE TO MORE ACCURATELY REFLECT THE ORGANIZATION'S FINANCIAL POSITION AND RESULTS OF OPERATIONS IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES.AS A RESULT OF THIS CHANGE IN ACCOUNTING METHOD, THE 2024 FINANCIAL STATEMENTS REFLECT CERTAIN PRIOR PERIOD ADJUSTMENTS THROUGH BEGINNING NET ASSETS. SPECIFICALLY, THE ORGANIZATION RECOGNIZED CONTRIBUTION RECEIVABLE OF $79,588,797 AS A PRIOR PERIOD ADJUSTMENT, UNDER GAAP CONTRIBUTIONS SHOULD BE RECOGNIZED AS INCOME WHEN THEY ARE PROMISED. THE RECEIVABLE HAS SINCE BEEN RELIEVED WHEN THE PROCEEDS WERE RECEIVED FROM THE ESTATE IN OCTOBER OF 2024. THIS ADJUSTMENT WAS MADE TO PROPERLY RECOGNIZE REVENUE IN ACCORDANCE WITH THE ACCRUAL METHOD, WHICH RECORDS INCOME WHEN IT IS EARNED RATHER THAN WHEN IT IS RECEIVED.ADDITIONALLY, CHANGES IN CASH AND ACCOUNTS PAYABLE WERE RECORDED AS PRIOR PERIOD ADJUSTMENTS. THESE CHANGES RESULTED FROM AN OVERSIGHT IN REPORTING UNDER THE PREVIOUS ACCOUNTING METHOD AND HAVE BEEN CORRECTED IN THE CURRENT PERIOD TO ENSURE THE ACCURACY OF THE ORGANIZATION'S FINANCIAL STATEMENTS.NO CHANGE IN INCOME FOR THE 2023 TAX PERIOD IS REFLECTED AS A RESULT OF THIS ACCOUNTING METHOD CHANGE. THE ADJUSTMENTS DESCRIBED ABOVE ARE PRESENTED AS CHANGES IN BEGINNING NET ASSETS IN THE 2024 FINANCIAL STATEMENTS AND ARE REPORTED IN PART III, ANALYSIS OF CHANGES IN NET ASSETS OR FUND BALANCES, OF FORM 990-PF.</MediumExplanationTxt>
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        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
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        <Desc>RECEIVABLE FROM THE ESTATE OF FREDERICK R KOCH</Desc>
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        <Desc>COLLECTIBILES</Desc>
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        <Desc>PRIOR PERIOD ADJUSTMENT - FINANCIAL STATEMENT LIABILITIES: ACCOUNTS PAYABLE</Desc>
        <Amt>440243</Amt>
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        <Desc>INSURANCE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>48896</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>48896</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>32804</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
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        <Desc>IT &amp; WEBSITE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>1530</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1530</DisbursementsCharitablePrpsAmt>
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        <Desc>GENERAL ADMINISTRATIVE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>30522</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>30522</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>1</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1</DisbursementsCharitablePrpsAmt>
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        <Desc>STORAGE CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>95158</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>SECURITY</Desc>
        <RevenueAndExpensesPerBooksAmt>961</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
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        <RevenueAndExpensesPerBooksAmt>53410</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
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        <Amt>79598269</Amt>
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    </OtherIncreasesSchedule>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilitiesDetail>
        <Desc>SECURITY DEPOSIT</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>300000</EOYBookValueAmt>
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    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CONSULTING FEES</CategoryTxt>
        <Amt>23005</Amt>
        <NetInvestmentIncomeAmt>5751</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>17254</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>REAL ESTATE TAXES</CategoryTxt>
        <Amt>110720</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>110720</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>