2025-10-30T12:17:32-05:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 851044989 Lorenzini Family Foundation % Foundation Source LORE 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 Robin Neff Lorenzini President 8008391754 2025-10-25 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X 1678648 X 1653239 6444 6444 20433 20433 45679 806000 45679 3914 3775 1729709 76331 0 1500 1500 700 48115 36724 11391 50315 38224 11391 1406903 1406903 1457218 38224 1418294 272491 38107 0 50687 857763 857763 785567 495506 746488 820885 1331760 1604251 1678648 0 0 X 1331760 1604251 1331760 1604251 1331760 1604251 1331760 272491 1604251 1604251 Publicly-traded Securities 806000 806000 Passthrough K1 Capital Gain/(Loss) 45679 45679 530 530 530 6114 0 6114 X 0 5584 5584 false false false false false false true true true DE true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false false false false false false false false Caden McKinstry Lorenzini Foundation Source 501 Silverside Rd Wilmington DE 198091377 Sec 1.0 0 0 0 Court V Lorenzini Foundation Source 501 Silverside Rd Wilmington DE 198091377 Treas 1.0 0 0 0 Robin Neff Lorenzini Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 1.0 0 0 0 0 201632 820885 1022517 0 1022517 15338 1007179 50359 50359 530 530 49829 49829 49829 1418294 0 0 0 0 1418294 49829 343119 1022281 1484441 1461390 4311231 1418294 49829 1368465 5679696 0 5679696 343119 1022281 1484441 1461390 1368465 Court V Lorenzini Robin Neff Lorenzini X DUKE UNIVERSITY PO BOX 90581 DURHAM NC 27708 N/A PC The Lorenzini Family Scholarship Fund - The Lord 100 Challenge 125000 THE DRAPER RICHARDS KAPLAN FOUNDATION 1600 EL CAMINO REAL STE 155 MENLO PARK CA 94025 N/A PC Fund IV 250000 THE YOUNG MENS CHRISTIAN ASSOCIATION OF GREATER SE 909 4TH AVE SEATTLE WA 98104 N/A PC Heritage Month Events 10000 UNITED STATES OLYMPIC AND PARALYMPIC FOUNDATION 1 OLYMPIC PLZ COLORADO SPRINGS CO 80909 N/A PC Service and Hope Award 100000 UNITED STATES OLYMPIC AND PARALYMPIC FOUNDATION 1 OLYMPIC PLZ COLORADO SPRINGS CO 80909 N/A PC Tech and Innovation Fund 94903 VILLANOVA UNIVERSITY 800 E LANCASTER AVE VILLANOVA PA 19085 N/A PC To Establish the Intergroup Dialogue Center of Diversity, Equity, and Inclusion at Villanova 827000 1406903 14 6444 14 20433 18 45679 K-1 Inc/Loss 525990 2 14 3775 Federal Tax Refund 01 137 2 76468 76470 false false false false false false false false false false X X 1 Court Lorenzini Charitable Lead Tru 3310 97th Ave Mercer Island WA 98040 710287 X 2 Lorenzini Court V 3310 97th Ave Mercer Island WA 98040 942952 X Part XII 990-PF - Undistributed Income Part XII (990-PF) - Undistributed Income In 2024, Lorenzini Family Foundation (the "Foundation") discovered that on its Form 990-PF for taxable year ending December 31, 2023, Parts X and XI were not recorded properly. The Foundation would not have been subject to an underdistribution penalty under 4942 for such taxable year if the average value of the assets had been properly recorded in Part X. Therefore, the Foundation has chosen not to amend Form 990-PF for taxable year ending December 31, 2023. Instead, the Foundation has adjusted the amount reported in Part XII, Line 3e, of Form 990-PF for the taxable year ending December 31, 2024 to reflect the corrected amount. CHINGONA VENTURES II LP 67494 73260 FIRST ROW PARTNERS FUND I, LP 84684 84684 GG GREENHOUSE FUND I, LP 160472 214753 LEGACY VENTURES XI, LLC 227232 238157 PORTFOLIO RISING II 20502 27713 WOCSTAR FUND I LP 186104 182318 As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $1,406,903. This amount represents 25% or more of the Foundation's net assets of $1,470,710 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 11251 11251 K-1 Exp CHINGONA VENTURES II L 7283 7283 K-1 Exp FIRST ROW PARTNERS FUN 351 351 K-1 Exp GG GREENHOUSE FUND I, 10040 10040 K-1 Exp LEGACY VENTURES XI, LL 13088 13088 K-1 Exp PORTFOLIO RISING II 28 28 K-1 Exp WOCSTAR FUND I LP 5934 5934 Postage/Delivery Service 115 115 State or Local Filing Fees 25 25 K-1 Inc/Loss CHINGONA VENTURES II LP 184 184 K-1 Inc/Loss GG GREENHOUSE FUND I, LP 1528 1528 K-1 Inc/Loss LEGACY VENTURES XI, LLC 1848 1846 K-1 Inc/Loss PORTFOLIO RISING II 109 109 K-1 Inc/Loss WOCSTAR FUND I LP 108 108 Federal Tax Refund 137 Investment Management Services 1500 1500 990-PF Estimated Tax for 2024 700