﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2024v5.2" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-11-17T15:59:42-08:00</ReturnTs>
    <TaxPeriodEndDt>2024-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>472202224</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>CHUGH CPAS LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>15925 Carmenita Rd</AddressLine1Txt>
        <CityNm>Cerritos</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>90703</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>823669292</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>INCLUSIVE FOUNDATION ENDOWMENT</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>INCL</BusinessNameControlTxt>
      <PhoneNum>8008391754</PhoneNum>
      <USAddress>
        <AddressLine1Txt>1928 Oak Knoll Dr</AddressLine1Txt>
        <CityNm>Belmont</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>94002</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Ankur Jain</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <SignatureDt>2025-11-17</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>Kislay Banka</PreparerPersonNm>
      <PTIN>P00841347</PTIN>
      <PhoneNum>5622291220</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="8">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="24020490" softwareVersionNum="2024v5.2">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>0</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>7</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>7</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>7</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>14778</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>14778</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>14778</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-3648</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>172108</GrossSalesPriceAmt>
        <NetSTCapitalGainAdjNetIncmAmt>11403</NetSTCapitalGainAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">917</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>917</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>12054</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>15702</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>26188</TotalAdjNetIncmAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">2000</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>2000</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">3031</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>3031</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">300</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>300</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>5331</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>5331</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>45000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>45000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>50331</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>5331</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>45000</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-38277</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>10371</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>26188</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>1066</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>438</SavAndTempCashInvstEOYAmt>
        <CorporateStockBOYAmt>716965</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedule">696127</CorporateStockEOYAmt>
        <OtherInvestmentsBOYAmt>279404</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvestmentsOtherSchedule2">179321</OtherInvestmentsEOYAmt>
        <TotalAssetsBOYAmt>997435</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>875886</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>0</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>156509</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>156509</CapitalStockEOYAmt>
        <RetainedEarningBOYAmt>840926</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>719377</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>997435</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>875886</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>997435</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>875886</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>997435</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-38277</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>959158</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="OtherDecreasesSchedule">83272</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>875886</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>various Alamere K1 STCL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2024-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>21</GrossSalesPriceAmt>
          <GainOrLossAmt>21</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>21</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>various Alamere K1 LTCG</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>1643</GrossSalesPriceAmt>
          <GainOrLossAmt>1643</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1643</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>various Alamere K1 LTCG</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>1</GrossSalesPriceAmt>
          <GainOrLossAmt>1</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>various Alamere K1 LTCG</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>113</GrossSalesPriceAmt>
          <GainOrLossAmt>113</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>113</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>various Charles Schwab K1 ST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2024-01-01</AcquiredDt>
          <SoldDt>2024-01-01</SoldDt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>various Charles Schwab K1 LT</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-01-01</AcquiredDt>
          <SoldDt>2024-01-01</SoldDt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>various Investment in Hijinx</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-02-20</AcquiredDt>
          <SoldDt>2024-04-15</SoldDt>
          <CostOrOtherBasisAmt>25000</CostOrOtherBasisAmt>
          <GainOrLossAmt>-25000</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-25000</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>various Investment in Rucept</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-02-06</AcquiredDt>
          <SoldDt>2024-05-05</SoldDt>
          <CostOrOtherBasisAmt>25000</CostOrOtherBasisAmt>
          <GainOrLossAmt>-25000</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-25000</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>215 SPDR GOLD SHARES ETF: GLD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-03-19</AcquiredDt>
          <SoldDt>2024-01-22</SoldDt>
          <GrossSalesPriceAmt>40304</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>29851</CostOrOtherBasisAmt>
          <GainOrLossAmt>10453</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>10453</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>105 SPDR GOLD SHARES ETF: GLD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-03-19</AcquiredDt>
          <SoldDt>2024-02-29</SoldDt>
          <GrossSalesPriceAmt>19885</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>14578</CostOrOtherBasisAmt>
          <GainOrLossAmt>5307</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5307</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>800 SCHWAB TREASURY OBLIG MO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-01-01</AcquiredDt>
          <SoldDt>2024-03-15</SoldDt>
          <GrossSalesPriceAmt>800</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>800</CostOrOtherBasisAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>225 SPDR GOLD SHARES ETF: GLD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-03-19</AcquiredDt>
          <SoldDt>2024-04-09</SoldDt>
          <GrossSalesPriceAmt>48880</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>31216</CostOrOtherBasisAmt>
          <GainOrLossAmt>17664</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>17664</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>25400 "SCHWAB TREASURY OBLIG MO NEYINV"</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2000-01-01</AcquiredDt>
          <SoldDt>2024-07-10</SoldDt>
          <GrossSalesPriceAmt>25400</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>25400</CostOrOtherBasisAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>15 SPDR GOLD SHARES ETF</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-03-19</AcquiredDt>
          <SoldDt>2024-07-10</SoldDt>
          <GrossSalesPriceAmt>3279</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2081</CostOrOtherBasisAmt>
          <GainOrLossAmt>1198</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1198</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>125 DOCUSIGN INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-06-10</AcquiredDt>
          <SoldDt>2024-08-27</SoldDt>
          <GrossSalesPriceAmt>7402</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8312</CostOrOtherBasisAmt>
          <GainOrLossAmt>-910</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-910</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>125 DOCUSIGN INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-06-10</AcquiredDt>
          <SoldDt>2024-09-27</SoldDt>
          <GrossSalesPriceAmt>7792</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8312</CostOrOtherBasisAmt>
          <GainOrLossAmt>-520</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-520</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1226 "SCHWAB TREASURY OBLIG MO NEYINV"</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2000-01-01</AcquiredDt>
          <SoldDt>2024-12-20</SoldDt>
          <GrossSalesPriceAmt>1226</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1226</CostOrOtherBasisAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>500 HAWAIIAN HOLDINGS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-10-30</AcquiredDt>
          <SoldDt>2024-07-31</SoldDt>
          <GrossSalesPriceAmt>6502</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1990</CostOrOtherBasisAmt>
          <GainOrLossAmt>4512</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4512</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>500 HAWAIIAN HOLDINGS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-10-30</AcquiredDt>
          <SoldDt>2024-08-21</SoldDt>
          <GrossSalesPriceAmt>8860</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1990</CostOrOtherBasisAmt>
          <GainOrLossAmt>6870</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>6870</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-3648</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>11403</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>144</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>144</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>144</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>2900</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>2900</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>2756</OverpaymentAmt>
        <AppliedToESTaxAmt>2000</AppliedToESTaxAmt>
        <RefundAmt>756</RefundAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>CHUGH CPAs</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>8008391754</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>1600 Duane Avenue</AddressLine1Txt>
          <CityNm>Santa Clara</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>95054</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>true</UndistributedIncomePYInd>
        <UndistributedIncomePY1Yr>2023</UndistributedIncomePY1Yr>
        <UndistrIncmSect4942a2NotAppInd>true</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANKUR JAIN</PersonNm>
          <USAddress>
            <AddressLine1Txt>1928 OAK KNOLL DR</AddressLine1Txt>
            <CityNm>BELMONT</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94002</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>None</Description1Txt>
        <Expenses1Amt>0</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>997690</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>37</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>997727</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>997727</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>14966</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>982761</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>49138</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>49138</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>144</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>144</TotalTaxAmt>
        <DistributableBeforeAdjAmt>48994</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>48994</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>48994</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>45000</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>45000</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>48994</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>47202</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>45000</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>45000</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <Taxable2Amt>2202</Taxable2Amt>
        <UndistributedIncomeCYAmt>48994</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ISHA FOUNDATION INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>951 ISHA LN</AddressLine1Txt>
            <CityNm>MCMINNVILLE</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>37110</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL &amp; UNRESTRICTED</GrantOrContributionPurposeTxt>
          <Amt>45000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>45000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>7</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>14778</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <ExclusionAmt>917</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-3648</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>ALAMERE PRIVATE EQUITY K1</Desc>
          <BusinessCd>525990</BusinessCd>
          <ExclusionCd>14</ExclusionCd>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>12054</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>12054</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <InvestmentsCorporateStockGrp>
        <StockNm>BARCLAYS IPATH SHILLER CAPE ETN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COINBASE GLOBAL</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DOCUSIGN INC</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DROPBOX INC</StockNm>
        <EOYBookValueAmt>18967</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EXXON MOBIL CORP</StockNm>
        <EOYBookValueAmt>21209</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FRANCO NEV CORP</StockNm>
        <EOYBookValueAmt>96956</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FRDM</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FRESHWORKS ORD SHARES CLASS A</StockNm>
        <EOYBookValueAmt>15284</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERNATIONAL BUSINESS MACHINES</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES MSCI-JAPAN</StockNm>
        <EOYBookValueAmt>19093</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>IBM CORP</StockNm>
        <EOYBookValueAmt>56719</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KYNDRYL HOLDINGS INC</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PUBMATIC, INC</StockNm>
        <EOYBookValueAmt>71495</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPDR GOLD SHARES</StockNm>
        <EOYBookValueAmt>107516</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ZOOM VIDEO COMMUNICATIONS INC</StockNm>
        <EOYBookValueAmt>26956</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GOLD AND PRECIOUS METALS FUND</StockNm>
        <EOYBookValueAmt>27997</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MARKET VECTORS - GOLD MINERS ETF</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MARKET VECTORS ETF TRJR GOLD MINES ETF</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MATTHEWS INDIA FUND</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SELECT SECTOR SPDR ENERGY FUND</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPDR S&amp;P METALS &amp; MINING ETF</StockNm>
        <EOYBookValueAmt>12943</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WISDOMTREE INDIA</StockNm>
        <EOYBookValueAmt>19847</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WORLD PRECIOUS MINERALS FUND</StockNm>
        <EOYBookValueAmt>38129</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHARLES SCHWAB CORP</StockNm>
        <EOYBookValueAmt>5211</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HAWAIIAN HOLDINGS</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BUNGE GLOBAL SA</StockNm>
        <EOYBookValueAmt>41504</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANECK JUNIOR GOLD</StockNm>
        <EOYBookValueAmt>15560</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANECK GOLD MINERS ETF</StockNm>
        <EOYBookValueAmt>21530</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES 0 TO 3 MNTH</StockNm>
        <EOYBookValueAmt>24334</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ENERGY SELECT SECTOR</StockNm>
        <EOYBookValueAmt>54877</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="24020490" softwareVersionNum="2024v5.2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ALAMERE PRIVATE EQUITY FUND LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>30392</BookValueAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INCLUSIVE FOUNDATION, LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INCL. FOUND LLC-Invstmt. in Rucept,Inc</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INCL. FOUND LLC-Invstmt. in Rikian Pvt L</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>52640</BookValueAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INCL. FOUND LLC-Invstmt. in BeRuhe,Inc</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INCL. FOUND LLC-Invstmt. in Unthink&amp;Unle</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>39645</BookValueAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INCL. FOUND LLC-Invstmt. in Krishi Yog</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>26400</BookValueAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INCL Found LLC investment in HIJINX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Investment in SSJS Institute (India)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>30244</BookValueAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherDecreasesSchedule documentId="OtherDecreasesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherDecreasesDetail>
        <Desc>Market Fluctuations</Desc>
        <Amt>83272</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherExpensesScheduleGrp>
        <Desc>Other expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>300</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>300</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherIncomeDetail>
        <Desc>Other Investment Income</Desc>
        <RevenueAndExpensesPerBooksAmt>917</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>917</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CHUGH</CategoryTxt>
        <Amt>2000</Amt>
        <NetInvestmentIncomeAmt>2000</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <TaxesDetail>
        <CategoryTxt>Foreign Tax Paid Charles Schwab</CategoryTxt>
        <Amt>288</Amt>
        <NetInvestmentIncomeAmt>288</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Inclusive Foundation LLC - Taxes &amp; Regis</CategoryTxt>
        <Amt>443</Amt>
        <NetInvestmentIncomeAmt>443</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Inclusive Foundation LLC - Taxes &amp; Regis</CategoryTxt>
        <Amt>800</Amt>
        <NetInvestmentIncomeAmt>800</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>IRS</CategoryTxt>
        <Amt>1500</Amt>
        <NetInvestmentIncomeAmt>1500</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>