﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2024v5.2">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-11-26T14:11:03-06:00</ReturnTs>
    <TaxPeriodEndDt>2024-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Foundation Source</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>3333 New Hyde Park Rd Ste 406</AddressLine1Txt>
        <CityNm>New Hyde Park</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>11042</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>814372103</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>The Rene Kern Family Foundation</BusinessNameLine1Txt>
      </BusinessName>
      <InCareOfNm>% Foundation Source</InCareOfNm>
      <BusinessNameControlTxt>RENE</BusinessNameControlTxt>
      <PhoneNum>8008391754</PhoneNum>
      <USAddress>
        <AddressLine1Txt>Foundation Source 501 Silverside Rd</AddressLine1Txt>
        <CityNm>Wilmington</CityNm>
        <StateAbbreviationCd>DE</StateAbbreviationCd>
        <ZIPCd>198091377</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>RENE KERN</PersonNm>
      <PersonTitleTxt>CO-PRESIDENT</PersonTitleTxt>
      <PhoneNum>8008391754</PhoneNum>
      <SignatureDt>2025-11-18</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>Jeffrey D Haskell</PreparerPersonNm>
      <PTIN>P01345770</PTIN>
      <PhoneNum>8008391754</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplAttach">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>19560928</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>1001814</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>21205</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>21205</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>22765</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>22765</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>387624</NetGainSaleAstRevAndExpnssAmt>
        <CapGainNetIncmNetInvstIncmAmt>387624</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSch2">79262</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>71831</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>1512670</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>503425</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OthProfFeesSch">57000</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesDsbrsChrtblAmt>57000</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">10031</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>1031</TaxesNetInvstIncmAmt>
        <TravConfMeetingRevAndExpnssAmt>716</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingDsbrsChrtblAmt>716</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSch">43627</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>27681</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>15943</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>111374</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>28712</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>73659</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>850000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>850000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>961374</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>28712</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>923659</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>551296</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>474713</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>985001</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>402277</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>402277</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>519201</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestCorpStockSch">1788218</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>1904513</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>517235</CorporateBondsBOYAmt>
        <OtherInvestmentsBOYAmt>8731729</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvOtherSch2">9113967</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>17254138</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>10753166</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>11304462</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>19560928</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>10753166</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>11304462</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>10753166</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>11304462</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>10753166</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>11304462</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>10753166</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>551296</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>11304462</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>11304462</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GAP COINVESTMENTS III, LLC-CAP GAIN</PropertyDesc>
          <GainOrLossAmt>172727</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Passthrough K1 Capital Gain/(Loss)</PropertyDesc>
          <GainOrLossAmt>214897</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>387624</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>6599</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>6599</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>6599</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>16160</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <TotalPaymentsAndCreditsAmt>16160</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <OverpaymentAmt>9561</OverpaymentAmt>
        <AppliedToESTaxAmt>9561</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd referenceDocumentId="BinaryAttach">false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd referenceDocumentId="BinaryAttach">false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd referenceDocumentId="BinaryAttach">false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>DE</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>Foundation Source</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>8008391754</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>501 Silverside Road Suite 123</AddressLine1Txt>
          <CityNm>Wilmington</CityNm>
          <StateAbbreviationCd>DE</StateAbbreviationCd>
          <ZIPCd>198091377</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>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <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>Marie-France Kern</PersonNm>
          <USAddress>
            <AddressLine1Txt>Foundation Source 501 Silverside Rd</AddressLine1Txt>
            <CityNm>Wilmington</CityNm>
            <StateAbbreviationCd>DE</StateAbbreviationCd>
            <ZIPCd>198091377</ZIPCd>
          </USAddress>
          <TitleTxt>Co- Pres, Dir, Sec</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Rene Kern</PersonNm>
          <USAddress>
            <AddressLine1Txt>Foundation Source 501 Silverside Rd</AddressLine1Txt>
            <CityNm>Wilmington</CityNm>
            <StateAbbreviationCd>DE</StateAbbreviationCd>
            <ZIPCd>198091377</ZIPCd>
          </USAddress>
          <TitleTxt>Co- Pres, Dir, Treas</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>Paige MacLean</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>105 Avon Street</AddressLine1Txt>
            <CityNm>New Haven</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06511</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>Philanthropic cons</ServiceTypeTxt>
          <CompensationAmt>57000</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp />
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>1001492</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>860025</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>17254138</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>19115655</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>19115655</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>286735</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>18828920</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>941446</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>941446</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>6599</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>6599</TotalTaxAmt>
        <DistributableBeforeAdjAmt>934847</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>934847</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>934847</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>923659</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>923659</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>934847</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>775467</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>923659</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>775467</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>148192</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>0</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>786655</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
        <ExcessFromCurrentYearAmt>0</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp></PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>Marie-France Kern</ContributingManagerNm>
        <ContributingManagerNm>RENE KERN</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1995 UNIVERSITY AVE STE 400</AddressLine1Txt>
            <CityNm>BERKELEY</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94704</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>THE MARIE-FRANCE KERN AND RENE KERN CHANCELLOR'S CHAIR IN ENTREPRENEURSHIP FUND</GrantOrContributionPurposeTxt>
          <Amt>600000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YEAR UP INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 412812</AddressLine1Txt>
            <CityNm>BOSTON</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02241</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General &amp; Unrestricted</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>850000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>21205</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>22765</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncomeGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>387624</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <OtherRevenueDescribedGrp>
          <Desc>K-1 Inc/Loss</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>65744</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Federal Tax Refund</Desc>
          <ExclusionCd>01</ExclusionCd>
          <ExclusionAmt>7431</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>PFIC INCOME</Desc>
          <ExclusionCd>01</ExclusionCd>
          <ExclusionAmt>6087</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>510856</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>510856</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>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>Kern Rene</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>36 Mayo Avenue</AddressLine1Txt>
          <CityNm>Greenwich</CityNm>
          <StateAbbreviationCd>CT</StateAbbreviationCd>
          <ZIPCd>06830</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>1001814</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>VANGUARD TOTAL STOCK MARKET ETF VTI, 3312 sh.</NoncashPropertyDesc>
        <FairMarketValueAmt>1001814</FairMarketValueAmt>
        <ReceivedDt>2024-12-06</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <DepreciationSchedule documentId="DepreciationSch" />
    <GeneralExplanationAttachment documentId="GeneralExplAttach">
      <GeneralExplanationGrp>
        <IdentifierTxt>FORMS 926</IdentifierTxt>
        <FormAndLineReferenceDesc>FORMS 926</FormAndLineReferenceDesc>
        <MediumExplanationTxt>The Foundation has prepared thESE formS to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.</MediumExplanationTxt>
      </GeneralExplanationGrp>
      <GeneralExplanationGrp>
        <IdentifierTxt>FORMS 5471</IdentifierTxt>
        <FormAndLineReferenceDesc>FORMS 5471</FormAndLineReferenceDesc>
        <MediumExplanationTxt>The Foundation has prepared thESE formS to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.</MediumExplanationTxt>
      </GeneralExplanationGrp>
      <GeneralExplanationGrp>
        <IdentifierTxt>FORM 990-PF</IdentifierTxt>
        <FormAndLineReferenceDesc>FORM 990-PF</FormAndLineReferenceDesc>
        <MediumExplanationTxt>One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in Part I but not provided sufficient back-up information to allow the Foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.</MediumExplanationTxt>
      </GeneralExplanationGrp>
    </GeneralExplanationAttachment>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD TOTAL STOCK MARKET ET</StockNm>
        <EOYBookValueAmt>1653685</EOYBookValueAmt>
        <EOYFMVAmt>1750558</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD TOTAL WORLD STK INDEX</StockNm>
        <EOYBookValueAmt>134533</EOYBookValueAmt>
        <EOYFMVAmt>153955</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GAP COINVESTMENTS III, LLC</CategoryOrItemTxt>
        <BookValueAmt>6918728</BookValueAmt>
        <EOYFMVAmt>16195480</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GAP COINVESTMENTS III, LLC - B</CategoryOrItemTxt>
        <BookValueAmt>2195239</BookValueAmt>
        <EOYFMVAmt>1058658</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>Administrative Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>15918</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>15918</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>K-1 Exp GAP COINVESTMENTS III,</Desc>
        <RevenueAndExpensesPerBooksAmt>27683</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>27680</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>State or Local Filing Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>25</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>1</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>K-1 Inc/Loss GAP COINVESTMENTS III, LLC</Desc>
        <RevenueAndExpensesPerBooksAmt>65744</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>65744</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Federal Tax Refund</Desc>
        <RevenueAndExpensesPerBooksAmt>7431</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>PFIC INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>6087</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>6087</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Philanthropic Consulting Srvcs</CategoryTxt>
        <Amt>57000</Amt>
        <DisbursementsCharitablePrpsAmt>57000</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>990-PF Estimated Tax for 2024</CategoryTxt>
        <Amt>9000</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Foreign Tax Paid</CategoryTxt>
        <Amt>1031</Amt>
        <NetInvestmentIncomeAmt>1031</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>