2026-09-16T11:12:25-04:00 2025-12-31 990PF 2025-01-01 266161911 AMERICAN FRIENDS OF OTZAR HACHESSED AMER 6469323437 1500 BROADWAY 25TH FLOOR NEW YORK NY 100364015 Ronald Samuel officer 6469323437 2026-09-16 2025 X 3021 X 51099 51099 0 0 266 726 992 0 0 0 73283 73283 74275 0 0 73283 -23176 0 0 26197 3021 3021 26197 3021 3021 0 0 X 26197 3021 26197 3021 26197 3021 26197 -23176 3021 3021 0 0 0 0 0 false false false 0 0 0 false false false false false true NY true false false false false true N/A THE FOUNDATION 6469323437 1500 BROADWAY 25TH FLOOR NEW YORK NY 10036 false false false false false false false false false false false false false false false false false false false false false RONALD SAMUEL C/O MAGEN 1500 BROADWAY 25FL NEW YORK NY 10036 GRANTOR/TRUSTEE 5 0 0 0 NONE 0 NONE 0 0 0 0 16412 0 16412 16412 246 16166 808 808 0 0 808 808 808 73283 0 73283 808 2023 2022 2021 58239 123345 316135 817909 211539 1527167 73283 808 72475 0 0 1599642 0 0 0 0 58239 1541403 123345 316135 817909 211539 72475 X VARIOUS CHARITABLE ORGANIZATIONS VARIOUS JERUSALEM JERUSALEM IS 00000 NONE PC HELP SUPPORT POOR AND INDIGENT FAMILIES 73283 73283 0 0 0 0 false false false false false false false false false false X X 1 VALIANT PARIS 2360 NE 211 ST MIAMI FL 33180 16000 X 2 DIKLA E AZOLAY 2545 NE 207TH STREET MIAMI FL 33180 13000 X 3 ASHER REICH 143 LAKEWOOD LAKEWOOD NJ 08701 6300 X 4 GG OPERATIONS LLC 940 LINCOLN RD MIAMI BEACH FL 33139 9000 X REASONABLE CAUSE STATEMENT - LATE FILING OF 2025 FORM 990-PF American Friends of Otzar Hachessed, EIN 26-6161911 1. Reason for the penalty. This return for calendar year 2025 was due May 15, 2026 and is filed late. No Form 8868 extension was filed. The return is complete; the penalty relates to timeliness only. 2. What happened and when. The foundation is a small, volunteer-run private foundation with no employees and no compensated officers. Its sole trustee resides in Israel and administers it without staff. For many years, including tax years 2022 through 2024, the foundation's Forms 990-PF, and the annual Form 8868 extension requests, were prepared and filed by an outside CPA firm in New York; the firm's invoice for the 2024 return expressly lists Form 8868 among the services rendered. The CPA responsible for the account is retiring from practice, and in March 2026 the trustee began transitioning the family's tax matters to a new adviser. During that transition, responsibility for the foundation's 2025 return and extension request was not taken up by either the former or the new adviser, and the trustee, who understood the filing was being handled as in every prior year, did not learn otherwise before the May 15, 2026 due date. 3. How the foundation handled its other affairs. The foundation operated normally and compliantly throughout: its 2024 return was filed timely under extension in November 2025, its bank records were maintained, and in September 2026 the trustee proactively contacted the former CPA firm to confirm the status of the foundation's filings. 4. Action taken once the problem was discovered. On learning on or about September 15, 2026 that no 2025 return or extension had been filed, the trustee engaged an IRS-authorized e-file provider the following day, assembled all thirteen 2025 bank statements and the prior-year return, reconciled the year's activity, prepared this return personally, and transmitted it within days of discovery. 5. Ordinary business care; no willful neglect. The failure was not due to indifference or any attempt to avoid an obligation. No tax is due with this return (the foundation has no net investment income), so the delay caused no underpayment and no loss of revenue to the government. The foundation has filed its annual return for every prior year and has not previously been assessed a late-filing penalty. 6. Steps taken to prevent recurrence. The trustee has (a) taken direct personal responsibility for the foundation's filing calendar, with the May 15 due date and the extension deadline calendared with advance reminders; (b) established an account with an IRS-authorized e-file provider so that the return and, where needed, Form 8868 can be filed directly without depending on a third party; and (c) engaged a new CPA to review the foundation's return each year. For these reasons the foundation respectfully requests that the penalty under section 6652(c) be abated for reasonable cause. Under penalties of perjury, I declare that I have examined this statement and, to the best of my knowledge and belief, it is true, correct, and complete. Ronald Samuel, Trustee