2024-11-15T09:11:38-06:00 2023-12-31 346565596 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE STE 4000 INDIANAPOLIS IN 46204 990PF 2023-01-01 812608588 THE EZRAH CHARITABLE TRUST COHE 9807010934 5970 FAIRVIEW ROAD 705 CHARLOTTE NC 28210 DAVID COHEN TRUSTEE 9807010934 2024-11-14 1 1 JENNIFER D RHODERICK P00395735 3176817000 2024-11-13 2023 2024-10-15 13:58:12Z X 464354632 X 325000 723908 723908 1201802 1201802 20205062 49312920 20205062 6886375 6950749 29342147 29081521 208661 0 208661 489705 420623 69082 50618 25309 25309 264578 92453 172125 97476 31421 0 40708 16341 23362 1151746 586147 498539 8375348 8375348 9527094 586147 8873887 19815053 28495374 64693087 22968606 22968606 9819093 0 7425798 9819093 9218640 188550023 241348466 208876519 193087616 197813505 209703589 10094566 11731666 13587278 463851090 483681336 464354632 0 0 X 0 0 0 0 463851090 483681336 463851090 483681336 463851090 483681336 463851090 19815053 15193 483681336 0 483681336 BTIG - 1567 P 1719953 1031068 688885 688885 BTIG - 1567 P 8865580 10755489 -1889909 -1889909 BTIG - 1567 P 1987921 5195241 -3207320 -3207320 BTIG - ARVR P 689 607 82 82 BTIG - ARVR P 289472 2756393 -2466921 -2466921 NET FX GAIN BTIG - ARVR P 269 269 269 PROJECT GLOBAL P 2023-12-31 2023-12-31 2257573 2257573 2257573 PROJECT OCEAN P 2023-12-31 2023-12-31 160951 160951 160951 PROJECT TOKEN P 2023-12-31 2023-12-31 1686409 1686409 1686409 PROJECT GEMINI P 2023-12-31 2023-12-31 545276 545276 545276 PROJECT OPPORTUNITY P 2023-12-31 2023-12-31 850396 850396 850396 PROJECT CHANCE P 2023-12-31 2023-12-31 374780 374780 374780 PROJECT WAVE P 2023-12-31 2023-12-31 818115 -818115 -818115 PROJECT WRINKLE P 2023-12-31 2023-12-31 1044949 1044949 1044949 PROJECT FRANKLIN P 2023-12-31 2023-12-31 3482857 3482857 3482857 PROJECT MICHAEL P 2023-12-31 2023-12-31 2205204 2205204 2205204 PROJECT EDISON P 2023-12-31 2023-12-31 1263247 1263247 1263247 PROJECT TESLA P 2023-12-31 2023-12-31 20024794 20024794 20024794 PROJECT WATT P 2023-12-31 2023-12-31 1261419 1261419 1261419 PROJECT HERTZ P 2023-12-31 2023-12-31 775225 775225 775225 PROJECT SEA LEVEL P 2023-12-31 2023-12-31 294701 294701 294701 PROJECT ROOFTOP P 2023-12-31 2023-12-31 326 -326 -326 PROJECT HEALTH P 2023-12-31 2023-12-31 39416 -39416 -39416 PROJECT WATCH P 2023-12-31 2023-12-31 6213766 -6213766 -6213766 PROJECT INSIGHT P 2023-12-31 2023-12-31 2291763 -2291763 -2291763 PROJECT LUCKY P 2023-12-31 2023-12-31 176718 176718 176718 PROJECT JUICE P 2023-12-31 2023-12-31 4813 -4813 -4813 PROJECT BIG TRUCK P 2023-12-31 2023-12-31 861 -861 -861 PROJECT ONCE P 2023-12-31 2023-12-31 43945 43945 43945 PROJECT LAW P 2023-12-31 2023-12-31 592 592 592 20205062 396086 0 396086 0 396086 418921 0 10000 0 428921 X 0 32835 32835 0 0 0 0 0 0 0 0 0 1 1 0 1 1 NC 1 0 0 0 1 1 N/A DAVID I COHEN 9807010934 5970 FAIRVIEW ROAD SUITE 705 CHARLOTTE NC 28210 1 IN KS 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 DAVID I COHEN 5970 FAIRVIEW ROAD SUITE 705 CHARLOTTE NC 28210 TRUSTEE 5.00 0 0 0 CHARLENE CHEN 5970 FAIRVIEW ROAD SUITE 705 CHARLOTTE NC 28210 EXECUTIVE DIRECTOR 40.00 288483 0 0 NONE 0 MORRIS JAMES LLP 500 DELAWARE AVENUE SUITE 1500 WILMINGTON DE 19899 LEGAL SERVICES 369793 BROWARD GROVE LLC 5970 FAIRVIEW ROAD SUITE 705 CHARLOTTE NC 28210 PROFESSIONAL SERVICES 184607 KEVIN L MILLER ATTORNEY PLLC 1144 WEST FOURTH STREET WINSTONSALEM NC 27101 LEGAL SERVICES 61645 0 ENZA CAPITAL II LP - PROMOTES ECONOMIC GROWTH IN AFRICA THROUGH INVESTMENTS IN TECHNOLOGY 1761349 ENZA CAPITAL LP - PROMOTES ECONOMIC GROWTH IN AFRICA THROUGH INVESTMENTS IN TECHNOLOGY 378256 113985 2253590 130665680 25863716 283100535 439629931 616989 0 439629931 6594449 433035482 21651774 21651774 396086 396086 21255688 0 21255688 0 21255688 8873887 2253590 11127477 21255688 9698306 0 0 11127477 9698306 0 0 1429171 0 0 0 0 0 0 0 0 19826517 0 0 0 DAVID I COHEN X AMERICAN JEWISH WORLD SERVICES 45 W 36TH ST NEW YORK NY 10018 N/A PC GENERAL SUPPORT TO AMERICAN JEWISH WORLD SERVICE'S MISSION TO BUILD A MORE JUST AND EQUITABLE WORLD. 950000 DIGITAL DIVIDE DATA 266 WEST 37TH STREET SUITE 803 NEW YORK NY 10018 N/A PC GENERAL SUPPORT FOR DDD'S IMPACT SOURCING MODEL, WHICH EMPOWERS INDIVIDUALS AND BUSINESSES TO BREAK DOWN SOCIAL AND ECONOMIC BARRIERS IN UNDERSERVED COMMUNITIES. 250000 FOCUSING PHILANTHROPY INC 1637 16TH STREET SANTA MONICA CA 90404 N/A PC UNDERWRITING THE COST OF ADMINISTERING THE NEW YORK TIMES COMMUNITIES FUND AND KRISTOF 2022 HOLIDAY IMPACT PRIZE, IN ORDER FOR 100% OF DONATIONS TO GO TO CHARITY / FUNDING FOR NICHOLAS KRISTOF'S SELECTION IN HIS ANNUAL HOLIDAY GIVING COLUMN IN THE NEW YORK TIMES 351781 FRIENDS OF PARIVAAR INC 699 ARDSLEY RD SCARSDALE NY 10583 N/A PC GENERAL SUPPORT FOR PARIVAAR'S CARE FOR CHILDREN IN INDIA WHO ARE HIGHLY VULNERABLE TO EXPLOITATION, VICTIMIZATION AND TRAFFICKING. 750000 GENERATION YOU EMPLOYED INC 1200 19TH ST NW 1110 WASHINGTON DC 20036 N/A PC GENERAL SUPPORT FOR GENERATION KENYA'S MISSION TO TRANSFORM EDUCATION TO EMPLOYMENT SYSTEMS TO PREPARE, PLACE AND SUPPORT PEOPLE INTO LIFE-CHANGING CAREERS THAT WOULD OTHERWISE BE INACCESSIBLE. 500000 MYAGRO FARMS 130 7TH AVENUE 160 NEW YORK NY 10011 N/A PC GENERAL SUPPORT TO MYAGRO'S TECH-ENABLED SAVINGS MODEL THAT EMPOWERS SMALLHOLDER FARM FAMILIES TO GROW THEIR WAY OUT OF HUNGER AND POVERTY. 500000 ON HIS PATH PO BOX 157 DANVILLE IA 52623 N/A PC GENERAL SUPPORT TO ON HIS PATH'S MISSION TO ERADICATE UNTREATED CLUBFOOT, PARTICULARLY IN DEVELOPING COUNTRIES 25000 ONE ACRE FUND US 1954 FIRST STREET SUITE 183 HIGHLAND PARK IL 60035 N/A PC GENERAL SUPPORT TO ONE ACRE FUND'S MISSION TO SUPPORT SMALLHOLDER FARMERS ACROSS AFRICA WITH INPUT LOANS, AGRICULTURAL ADVICE, AND MARKET ACCESS/SUPPORT FOR ONE ACRE FUND'S DIGITAL TRANSFORMATION AND FOR SPECIFIC ENDEAVOURS TO UNDERWRITE ONE ACRE FUND'S SELF-INSURANCE FUND IN MALAWI. 3290234 PANORAMA GLOBAL 2101 4TH AVE STE 2100 SEATTLE WA 98121 N/A PC GENERAL SUPPORT TO CASH COALITION'S MISSION TO MAKE REGENERATIVE AGRICULTURE AND CLIMATE ACTION PROFITABLE FOR SMALLHOLDER FARMERS. 150000 ROOT CAPITAL INC 130 BISHOP ALLEN DRIVE 2ND FLOOR CAMBRIDGE MA 02139 N/A PC GENERAL SUPPORT TO ROOT CAPITAL'S WORK IN PROVIDING FINANCING AND TECHNICAL ASSISTANCE TO SMALL AND GROWING AGRICULTURAL BUSINESSES IN DEVELOPING ECONOMIES. 1000000 THE RHODES TRUST CO RHODES HOUSE RHODES HOUSE SOUTH PARKS ROAD OXFORD UK OX1 3RG N/A PC FUNDING TO THE RHODES TRUST FOR THE BENEFIT OF RHODES SCHOLARSHIPS IN AFRICA, WITH A PREFERENCE FOR EAST & WEST AFRICA/PRIZE AND EXPENSE FUNDS FOR THE AANIT PRIZE OF THE MANDELA RHODES FOUNDATION, WHICH SUPPORTS INITIATIVES THAT CAN DELIVER POSITIVE SOCIAL IMPACT FOR AFRICA'S MOST MARGINALIZED POPULATIONS. 433333 VANGUARD CHARITABLE ENDOWMENT PROGRAM PO BOX 3075 SOUTHEASTERN PA 193989917 N/A PC CONTRIBUTION TO THE EZRAH CHARITABLE DAF FOR CHARITABLE DISTRIBUTIONS. 150000 VIA INTERNATIONAL 1955 JULIAN AVENUE SAN DIEGO CA 92113 N/A PC GENERAL SUPPORT TO VIA INTERNATIONAL'S WORK ENGAGING AND SUPPORTING LEADERS IN EMERGING COMMUNITIES. 25000 8375348 0 14 723908 14 1201802 14 20205062 INCOME FROM FLOWTHROUGHS 901101 -64374 01 6916206 OTHER INCOME 01 34543 -64374 29081521 0 29017147 0 0 0 0 0 0 0 0 0 0 X X 1 DAVID COHEN 5970 FAIRVIEW ROAD SUITE 705 CHARLOTTE NC 28210 325000 X ACCOUNTING FEES 50618 25309 25309 SMART HAVENS AFRICA - PROMOTES ECONOMIC GROWTH IN AFRICA THROUGH INVESTMENTS IN PRIVATE BUSINESSES PROVIDING INFRASTRUCTURE AND TECHNOLOGY IMPROVEMENTS 113985 ENZA CAPITAL LP CO OCORIAN CORPORATE SERVICES MAURITIUS LIMITED 6TH FLOOR EBENE MP 2019-05-01 1065458 SEE GENERAL EXPLANATION 1065458 NO 06/05/20, 06/03/21, 07/05/22, 05/19/23, 05/21/24 2024-05-21 SEE GENERAL EXPLANATION ENZA CAPITAL LP CO OCORIAN CORPORATE SERVICES MAURITIUS LIMITED 6TH FLOOR EBENE MP 2020-06-03 1652054 SEE GENERAL EXPLANATION 1652054 NO 06/03/21 , 07/05/22, 05/19/23, 05/21/24 2024-05-21 SEE GENERAL EXPLANATION ENZA CAPITAL LP CO OCORIAN CORPORATE SERVICES MAURITIUS LIMITED 6TH FLOOR EBENE MP 2021-06-30 3219540 SEE GENERAL EXPLANATION 3219540 NO 07/05/22, 05/19/23, 05/21/24 2024-05-21 SEE GENERAL EXPLANATION ENZA CAPITAL LP CO OCORIAN CORPORATE SERVICES MAURITIUS LIMITED 6TH FLOOR EBENE MP 2022-06-30 2349067 SEE GENERAL EXPLANATION 2349067 NO 05/19/23, 05/21/24 2024-05-21 SEE GENERAL EXPLANATION ENZA CAPITAL II LP CO OCORIAN CORPORATE SERVICES MAURITIUS LIMITED 6TH FLOOR EBENE MP 2022-06-30 2702014 SEE GENERAL EXPLANATION 2702014 NO 05/08/23, 05/21/24 2024-05-21 SEE GENERAL EXPLANATION ENZA CAPITAL LP CO OCORIAN CORPORATE SERVICES MAURITIUS LIMITED 6TH FLOOR EBENE MP 2023-06-30 378256 SEE GENERAL EXPLANATION 303509 NO 5/21/2024 2024-05-21 SEE GENERAL EXPLANATION ENZA CAPITAL II LP CO OCORIAN CORPORATE SERVICES MAURITIUS LIMITED 6TH FLOOR EBENE MP 2023-06-30 1761349 SEE GENERAL EXPLANATION 1761349 NO 5/21/2024 2024-05-21 SEE GENERAL EXPLANATION SMART HAVENS AFRICA PLOT 38 WILLIAM ST EQUTORIAL BLDG LEVEL 5 STE 527 PO BOX 33525 KAMPALA UG 2023-06-30 29980 LOAN FOR LOW-INCOME FAMILIES - SEE GENERAL EXPLANATION 29980 NO 8/16/2024 2024-08-16 SEE GENERAL EXPLANATION BXS GROUP LIMITED KALAMU HOUSE GREVILLEA GROVE WESTLANDS PO BOX 47323 00100 NAIROBI KE 2022-06-30 508762 SEE GENERAL EXPLANATION 508762 NO 10/18/2024 2024-10-18 SEE GENERAL EXPLANATION SMART HAVENS AFRICA PLOT 38 WILLIAM ST EQUTORIAL BLDG LEVEL 5 STE 527 PO BOX 33525 KAMPALA UG 2023-06-30 115000 SEE GENERAL EXPLANATION 115000 NO 8/16/2024 2024-08-16 SEE GENERAL EXPLANATION EXPENDITURE RESPONSIBILITY STATEMENT FORM 990-PF, PART VI-B, LINE 5D DURING CALENDAR YEAR 2023, EZRAH CHARITABLE TRUST ("ECT") MADE AN EQUITY INVESTMENT IN ENZA CAPITAL LP ("ENZA") WHICH ECT HAS CLASSIFIED AS A PROGRAM RELATED INVESTMENT ("PRI"). ENZA MAKES DEBT AND EQUITY INVESTMENTS IN PRIVATE BUSINESSES THAT PROVIDE INFRASTRUCTURE, TECHNOLOGY, HEALTH AND EDUCATION IMPROVEMENTS IN AFRICA WITH A FOCUS ON MASS ACCESSIBILITY, ESPECIALLY BY IMPOVERISHED POPULATIONS. THE INVESTMENT IN ENZA IS ONE IN WHICH: 1. THE PRIMARY PURPOSE IS TO ACCOMPLISH ONE OR MORE OF THE EXEMPT PURPOSES OF ECT, 2. PRODUCTION OF INCOME OR APPRECIATION OF PROPERTY IS NOT A SIGNIFICANT PURPOSE, AND 3. INFLUENCING LEGISLATION OR TAKING PART IN POLITICAL CAMPAIGNS ON BEHALF OF CANDIDATES IS NOT A PURPOSE. ECT AND ENZA HAVE AGREED AND DOCUMENTED THAT ECT HAS EXPENDITURE RESPONSIBILITY OVER ITS EQUITY INVESTMENT IN ENZA. AS PART OF THAT AGREEMENT, ECT'S INVESTMENT IN ENZA WAS MADE SUBJECT TO A WRITTEN AGREEMENT SIGNED BY AN APPROPRIATE OFFICER, DIRECTOR, OR TRUSTEE OF ENZA, DATED MAY 1, 2019. FURTHER, ENZA HAS COMMITTED: 1. TO USE ALL AMOUNTS RECEIVED FROM ECT ONLY FOR THE PURPOSES OF THE INVESTMENT AND TO REPAY ANY AMOUNT NOT USED FOR THOSE PURPOSES, 2. TO SUBMIT, AT LEAST ONCE A YEAR, A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT, 3. TO KEEP ADEQUATE BOOKS AND RECORDS AND TO MAKE THEM AVAILABLE TO THE PRIVATE FOUNDATION AT REASONABLE TIMES, AND 4. NOT TO USE ANY OF THE FUNDS TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, CARRY ON VOTER REGISTRATION DRIVES, OR, WHEN THE RECIPIENT IS A PRIVATE FOUNDATION, TO MAKE GRANTS THAT DO NOT COMPLY WITH THE REQUIREMENTS REGARDING GRANTS TO INDIVIDUALS OR EXPENDITURE RESPONSIBILITY. DURING 2023, ECT'S EQUITY INVESTMENTS IN ENZA TOTALED $378,256 AS DESCRIBED FURTHER BELOW. ECT MAINTAINED EXPENDITURE RESPONSIBILITY OVER THE USE OF THOSE FUNDS. ECT REGULARLY MET, AND CONTINUES TO MEET, WITH ENZA, TYPICALLY ON A QUARTERLY BASIS. IN ADDITION TO PROVIDING DETAIL OF EXPENDITURES AND MAKING ALL RECORDS AVAILABLE TO ECT, ENZA DELIVERED A 2023 ANNUAL REPORT ON 4/17/2024. ENZA FURTHER PROVIDED AUDITED FINANCIAL STATEMENTS, DATED 5/21/2024. EXPENDITURES FROM ECT'S CAPITAL INVESTMENT HAVE BEEN VALIDATED BY THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS. TO THE KNOWLEDGE OF EZRAH CHARITABLE TRUST, NO PORTION OF ITS EQUITY INVESTMENT HAS BEEN USED FOR ANY PURPOSE OTHER THAN THE INTENDED PURPOSE, AND ECT HAS VERIFIED THE ENZA REPORTS TO CONFIRM THE SAME. FURTHER, ENZA HAS CONFIRMED, SPECIFICALLY, THAT NONE OF THE FUNDS CONTRIBUTED BY ECT WERE USED TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, OR CARRY ON VOTER REGISTRATION DRIVES. EXPENDITURE RESPONSIBILITY STATEMENT FORM 990-PF, PART VI-B, LINE 5D DURING CALENDAR YEAR 2023, EZRAH CHARITABLE TRUST ("ECT") MADE AN EQUITY INVESTMENT IN ENZA CAPITAL II LP ("ENZA II") WHICH ECT HAS CLASSIFIED AS A PROGRAM RELATED INVESTMENT ("PRI"). ENZA II MAKES DEBT AND EQUITY INVESTMENTS IN PRIVATE BUSINESSES THAT PROVIDE INFRASTRUCTURE, TECHNOLOGY, HEALTH AND EDUCATION IMPROVEMENTS IN AFRICA WITH A FOCUS ON MASS ACCESSIBILITY, ESPECIALLY BY IMPOVERISHED POPULATIONS. THE INVESTMENT IN ENZA II IS ONE IN WHICH: 1. THE PRIMARY PURPOSE IS TO ACCOMPLISH ONE OR MORE OF THE EXEMPT PURPOSES OF ECT, 2. PRODUCTION OF INCOME OR APPRECIATION OF PROPERTY IS NOT A SIGNIFICANT PURPOSE, AND 3. INFLUENCING LEGISLATION OR TAKING PART IN POLITICAL CAMPAIGNS ON BEHALF OF CANDIDATES IS NOT A PURPOSE. ECT AND ENZA II HAVE AGREED AND DOCUMENTED THAT ECT HAS EXPENDITURE RESPONSIBILITY OVER ITS EQUITY INVESTMENT IN ENZA II. AS PART OF THAT AGREEMENT, ECT'S INVESTMENT IN ENZA II WAS MADE SUBJECT TO A WRITTEN AGREEMENT SIGNED BY AN APPROPRIATE OFFICER, DIRECTOR, OR TRUSTEE OF ENZA II, DATED JUNE 3, 2022. FURTHER, ENZA II HAS COMMITTED: 1. TO USE ALL AMOUNTS RECEIVED FROM ECT ONLY FOR THE PURPOSES OF THE INVESTMENT AND TO REPAY ANY AMOUNT NOT USED FOR THOSE PURPOSES, 2. TO SUBMIT, AT LEAST ONCE A YEAR, A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT, 3. TO KEEP ADEQUATE BOOKS AND RECORDS AND TO MAKE THEM AVAILABLE TO THE PRIVATE FOUNDATION AT REASONABLE TIMES, AND 4. NOT TO USE ANY OF THE FUNDS TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, CARRY ON VOTER REGISTRATION DRIVES, OR, WHEN THE RECIPIENT IS A PRIVATE FOUNDATION, TO MAKE GRANTS THAT DO NOT COMPLY WITH THE REQUIREMENTS REGARDING GRANTS TO INDIVIDUALS OR EXPENDITURE RESPONSIBILITY. DURING 2023, ECT'S EQUITY INVESTMENTS IN ENZA II TOTALED $1,761,349 AS DESCRIBED FURTHER BELOW. ECT MAINTAINED EXPENDITURE RESPONSIBILITY OVER THE USE OF THOSE FUNDS. ECT REGULARLY MET, AND CONTINUES TO MEET, WITH ENZA II, TYPICALLY ON A QUARTERLY BASIS. IN ADDITION TO PROVIDING DETAIL OF EXPENDITURES AND MAKING ALL RECORDS AVAILABLE TO ECT, ENZA II DELIVERED A 2023 ANNUAL REPORT ON 4/17/2024. ENZA II FURTHER PROVIDED AUDITED FINANCIAL STATEMENTS, DATED 5/21/2024. EXPENDITURES FROM ECT'S CAPITAL INVESTMENT HAVE BEEN VALIDATED BY THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS. TO THE KNOWLEDGE OF EZRAH CHARITABLE TRUST, NO PORTION OF ITS EQUITY INVESTMENT HAS BEEN USED FOR ANY PURPOSE OTHER THAN THE INTENDED PURPOSE, AND ECT HAS VERIFIED THE ENZA II REPORTS TO CONFIRM THE SAME. FURTHER, ENZA II HAS CONFIRMED, SPECIFICALLY, THAT NONE OF THE FUNDS CONTRIBUTED BY ECT WERE USED TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, OR CARRY ON VOTER REGISTRATION DRIVES. EXPENDITURE RESPONSIBILITY STATEMENT FORM 990-PF, PART VI-B, LINE 5D DURING CALENDAR YEAR 2023, THE EZRAH CHARITABLE TRUST ("ECT") MADE A LOAN TO SMART HAVEN AFRICA LIMITED ("SMART HAVEN AFRICA") WHICH ECT HAS CLASSIFIED AS A PROGRAM RELATED INVESTMENT ("PRI"). SMART HAVEN AFRICA PROVIDES AN AFFORDABLE PATHWAY TO HOME OWNERSHIP FOR LOW-INCOME FAMILIES AND EMPOWER THESE FAMILIES BY PROVIDING DIGNIFIED AND AFFORDABLE HOUSING. IT ALSO PROVIDES EMPLOYMENT AT A LIVABLE WAGE FOR YOUNG WOMEN AND MEN INVOLVED IN THE CONSTRUCTION OF SMART, AFFORDABLE HOMES. THE LOAN TO SMART HAVEN AFRICA IS ONE IN WHICH: 1. THE PRIMARY PURPOSE IS TO ACCOMPLISH ONE OR MORE OF THE EXEMPT PURPOSES OF ECT, 2. PRODUCTION OF INCOME OR APPRECIATION OF PROPERTY IS NOT A SIGNIFICANT PURPOSE, AND 3. INFLUENCING LEGISLATION OR TAKING PART IN POLITICAL CAMPAIGNS ON BEHALF OF CANDIDATES IS NOT A PURPOSE. ECT AND SMART HAVEN AFRICA HAVE AGREED AND DOCUMENTED THAT ECT HAS EXPENDITURE RESPONSIBILITY OVER ITS LOAN TO SMART HAVEN AFRICA. AS PART OF THAT AGREEMENT, ECT'S LOAN TO SMART HAVEN AFRICA WAS MADE SUBJECT TO A WRITTEN AGREEMENT SIGNED BY AN APPROPRIATE OFFICER, DIRECTOR, OR TRUSTEE OF SMART HAVEN AFRICA, DATED AUGUST 1, 2023. FURTHER, SMART HAVEN AFRICA HAS COMMITTED: 1. TO USE ALL AMOUNTS RECEIVED FROM ECT ONLY FOR THE PURPOSES OF THE LOAN AND TO REPAY ANY AMOUNT NOT USED FOR THOSE PURPOSES, 2. TO SUBMIT, AT LEAST ONCE A YEAR, A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE LOAN, 3. TO KEEP ADEQUATE BOOKS AND RECORDS AND TO MAKE THEM AVAILABLE TO THE PRIVATE FOUNDATION AT REASONABLE TIMES, AND 4. NOT TO USE ANY OF THE FUNDS TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, CARRY ON VOTER REGISTRATION DRIVES, OR, WHEN THE RECIPIENT IS A PRIVATE FOUNDATION, TO MAKE GRANTS THAT DO NOT COMPLY WITH THE REQUIREMENTS REGARDING GRANTS TO INDIVIDUALS OR EXPENDITURE RESPONSIBILITY. DURING 2023, ECT'S LOAN TO SMART HAVEN AFRICA TOTALED $29,980 AS DESCRIBED FURTHER BELOW. THIS LOAN WAS REPAID, WITH INTEREST, ON 8/2/2023. ECT MAINTAINED EXPENDITURE RESPONSIBILITY OVER THE USE OF THOSE FUNDS. ECT REGULARLY MET, AND CONTINUES TO MEET, WITH SMART HAVEN AFRICA, TYPICALLY ON A QUARTERLY BASIS. IN ADDITION TO PROVIDING DETAIL OF EXPENDITURES AND MAKING ALL RECORDS AVAILABLE TO ECT, SMART HAVEN AFRICA DELIVERED A 2023 ANNUAL REPORT ON 8/12/2024. SMART HAVEN AFRICA FURTHER PROVIDED AUDITED FINANCIAL STATEMENTS, DATED 8/16/2024. EXPENDITURES FROM ECT'S CAPITAL INVESTMENT HAVE BEEN VALIDATED BY THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS. TO THE KNOWLEDGE OF EZRAH CHARITABLE TRUST, NO PORTION OF ITS LOAN HAS BEEN USED FOR ANY PURPOSE OTHER THAN THE INTENDED PURPOSE, AND ECT HAS VERIFIED THE SMART HAVEN AFRICA REPORTS TO CONFIRM THE SAME. FURTHER, SMART HAVEN AFRICA HAS CONFIRMED, SPECIFICALLY, THAT NONE OF THE FUNDS CONTRIBUTED BY ECT WERE USED TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, OR CARRY ON VOTER REGISTRATION DRIVES. EXPENDITURE RESPONSIBILITY STATEMENT FORM 990-PF, PART VI-B, LINE 5D DURING CALENDAR YEAR 2022 , EZRAH CHARITABLE TRUST ("ECT") MADE AN EQUITY INVESTMENT IN BXS GROUP LIMITED ("BXS") WHICH ECT HAS CLASSIFIED AS A PROGRAM RELATED INVESTMENT ("PRI"). BXS CREATES BUILDINGS THROUGH END TO END DESIGN AND CONSTRUCTION PROCESS WHICH USES LOCAL MATERIALS AND PROMOTES OPPORTUNITIES FOR WOMEN. THE INVESTMENT IN BXS IS ONE IN WHICH:1. THE PRIMARY PURPOSE IS TO ACCOMPLISH ONE OR MORE OF THE EXEMPT PURPOSES OF ECT,2. PRODUCTION OF INCOME OR APPRECIATION OF PROPERTY IS NOT A SIGNIFICANT PURPOSE, AND3. INFLUENCING LEGISLATION OR TAKING PART IN POLITICAL CAMPAIGNS ON BEHALF OF CANDIDATES IS NOT A PURPOSE.ECT AND BXS HAVE AGREED AND DOCUMENTED THAT ECT HAS EXPENDITURE RESPONSIBILITY OVER ITS EQUITY INVESTMENT IN BXS. AS PART OF THAT AGREEMENT, ECT'S INVESTMENT IN BXS WAS MADE SUBJECT TO A WRITTEN AGREEMENT SIGNED BY AN APPROPRIATE OFFICER, DIRECTOR, OR TRUSTEE OF BXS, DATED DECEMBER 21, 2021. FURTHER, BXS HAS COMMITTED:1. TO USE ALL AMOUNTS RECEIVED FROM ECT ONLY FOR THE PURPOSES OF THE INVESTMENT AND TO REPAY ANY AMOUNT NOT USED FOR THOSE PURPOSES,2. TO SUBMIT, AT LEAST ONCE A YEAR, A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT,3. TO KEEP ADEQUATE BOOKS AND RECORDS AND TO MAKE THEM AVAILABLE TO THE PRIVATE FOUNDATION AT REASONABLE TIMES, AND4. NOT TO USE ANY OF THE FUNDS TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, CARRY ON VOTER REGISTRATION DRIVES, OR, WHEN THE RECIPIENT IS A PRIVATE FOUNDATION, TO MAKE GRANTS THAT DO NOT COMPLY WITH THE REQUIREMENTS REGARDING GRANTS TO INDIVIDUALS OR EXPENDITURE RESPONSIBILITY.DURING 2022, ECT'S EQUITY INVESTMENTS IN BXS TOTALED $508,762. ECT MAINTAINED EXPENDITURE RESPONSIBILITY OVER THE USE OF THOSE FUNDS. ECT REGULARLY MET, AND CONTINUES TO MEET, WITH BXS, TYPICALLY ON A QUARTERLY BASIS. IN ADDITION TO PROVIDING DETAIL OF EXPENDITURES AND MAKING ALL RECORDS AVAILABLE TO ECT, BXS DELIVERED A 2023 ANNUAL REPORT ON 10/21/2024. BXS FURTHER PROVIDED UNAUDITED FINANCIAL STATEMENTS, DATED 10/18/2024 (REVIEWED ON 10/23/24). EXPENDITURES FROM ECT'S CAPITAL INVESTMENT HAVE BEEN VALIDATED BY THE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS.TO THE KNOWLEDGE OF EZRAH CHARITABLE TRUST, NO PORTION OF ITS EQUITY INVESTMENT HAS BEEN USED FOR ANY PURPOSE OTHER THAN THE INTENDED PURPOSE, AND ECT HAS VERIFIED THE BXS REPORTS TO CONFIRM THE SAME. FURTHER, BXS HAS CONFIRMED, SPECIFICALLY, THAT NONE OF THE FUNDS CONTRIBUTED BY ECT WERE USED TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, OR CARRY ON VOTER REGISTRATION DRIVES. EXPENDITURE RESPONSIBILITY STATEMENT FORM 990-PF, PART VI-B, LINE 5D DURING CALENDAR YEAR 2023, THE EZRAH CHARITABLE TRUST ("ECT") MADE A LOAN TO SMART HAVEN AFRICA LIMITED ("SMART HAVEN AFRICA") WHICH ECT HAS CLASSIFIED AS A PROGRAM RELATED INVESTMENT ("PRI"). SMART HAVEN AFRICA PROVIDES AN AFFORDABLE PATHWAY TO HOME OWNERSHIP FOR LOW-INCOME FAMILIES AND EMPOWER THESE FAMILIES BY PROVIDING DIGNIFIED AND AFFORDABLE HOUSING. IT ALSO PROVIDES EMPLOYMENT AT A LIVABLE WAGE FOR YOUNG WOMEN AND MEN INVOLVED IN THE CONSTRUCTION OF SMART, AFFORDABLE HOMES. THE LOAN TO SMART HAVEN AFRICA IS ONE IN WHICH: 1. THE PRIMARY PURPOSE IS TO ACCOMPLISH ONE OR MORE OF THE EXEMPT PURPOSES OF ECT, 2. PRODUCTION OF INCOME OR APPRECIATION OF PROPERTY IS NOT A SIGNIFICANT PURPOSE, AND 3. INFLUENCING LEGISLATION OR TAKING PART IN POLITICAL CAMPAIGNS ON BEHALF OF CANDIDATES IS NOT A PURPOSE. ECT AND SMART HAVEN AFRICA HAVE AGREED AND DOCUMENTED THAT ECT HAS EXPENDITURE RESPONSIBILITY OVER ITS LOAN TO SMART HAVEN AFRICA. AS PART OF THAT AGREEMENT, ECT'S LOAN TO SMART HAVEN AFRICA WAS MADE SUBJECT TO A WRITTEN AGREEMENT SIGNED BY AN APPROPRIATE OFFICER, DIRECTOR, OR TRUSTEE OF SMART HAVEN AFRICA, DATED AUGUST 1, 2023. FURTHER, SMART HAVEN AFRICA HAS COMMITTED: 1. TO USE ALL AMOUNTS RECEIVED FROM ECT ONLY FOR THE PURPOSES OF THE LOAN AND TO REPAY ANY AMOUNT NOT USED FOR THOSE PURPOSES, 2. TO SUBMIT, AT LEAST ONCE A YEAR, A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE LOAN, 3. TO KEEP ADEQUATE BOOKS AND RECORDS AND TO MAKE THEM AVAILABLE TO THE PRIVATE FOUNDATION AT REASONABLE TIMES, AND 4. NOT TO USE ANY OF THE FUNDS TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, CARRY ON VOTER REGISTRATION DRIVES, OR, WHEN THE RECIPIENT IS A PRIVATE FOUNDATION, TO MAKE GRANTS THAT DO NOT COMPLY WITH THE REQUIREMENTS REGARDING GRANTS TO INDIVIDUALS OR EXPENDITURE RESPONSIBILITY. DURING 2023, ECT'S LOAN TO SMART HAVEN AFRICA TOTALED $115,000 AS DESCRIBED FURTHER BELOW. ECT MAINTAINED EXPENDITURE RESPONSIBILITY OVER THE USE OF THOSE FUNDS. ECT REGULARLY MET, AND CONTINUES TO MEET, WITH SMART HAVEN AFRICA, TYPICALLY ON A QUARTERLY BASIS. IN ADDITION TO PROVIDING DETAIL OF EXPENDITURES AND MAKING ALL RECORDS AVAILABLE TO ECT, SMART HAVEN AFRICA DELIVERED A 2023 ANNUAL REPORT ON 8/12/2024. SMART HAVEN AFRICA FURTHER PROVIDED AUDITED FINANCIAL STATEMENTS, DATED 8/16/2024. EXPENDITURES FROM ECT'S CAPITAL INVESTMENT HAVE BEEN VALIDATED BY THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS. TO THE KNOWLEDGE OF EZRAH CHARITABLE TRUST, NO PORTION OF ITS LOAN HAS BEEN USED FOR ANY PURPOSE OTHER THAN THE INTENDED PURPOSE, AND ECT HAS VERIFIED THE SMART HAVEN AFRICA REPORTS TO CONFIRM THE SAME. FURTHER, SMART HAVEN AFRICA HAS CONFIRMED, SPECIFICALLY, THAT NONE OF THE FUNDS CONTRIBUTED BY ECT WERE USED TO CARRY ON PROPAGANDA, INFLUENCE LEGISLATION, INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS, OR CARRY ON VOTER REGISTRATION DRIVES. QUANTIMATRIX 34730499 11787991 FIELDSAFE SOLUTIONS 3984385 2938369 QUANTERIX 6647125 7747144 ATYR PHARA 7592774 2926022 COMPOSECURE WT EXP 122726 3018052 763115 ELECO PLC ORD 2299256 2613996 QUANTERIX 4741495 7876162 SMARTRENT CL A 2023992 2552000 WEJO GROUP LIMITED WT EXP 111826 941744 1 ENTREPRENEUR FIRST OPERATIONS LIMITED 2500027 2500027 GROUP ONE HOLDINGS PTE. LTD. 16036989 16036989 LIT LIVE INC 435743 435743 RASPBERRY PI (TRADING) LTD 20000452 20000452 STOMIO INC 200000 200000 F&APP 239430 239430 COMPOSECURE CL A 5098702 4158275 PROCORE TECHNOLOGIES 1775106 2443397 SINGULAR GENOMICS SYSTEMS 497317 50866 PROCORE TECHNOLOGIES 15176420 20398442 PROPERTYGURU GROUP ORD SHS 6088185 4253089 BILL HOLDINGS 4794237 6687198 NAUTTILUS BIOTECHNOLOGY 1667112 856755 SMARTRENT CL A 21802826 8086650 SOMALOGIC CLASS A 26146120 11599506 BIO RAD LABS CL A 7999913 6819437 MATCH GROUP 12029058 12931950 PROJECT GLOBAL 13912573 15277672 PROJECT PORCELAIN 8794519 11563840 PROJECT WAYNE 2500000 2089716 DRC SYSTEMS INDIA LTD 0 27632 INFO EDGE INDIA LTD 7674415 22899643 SUVIDHAA INFOSERVE LTD 0 115010 PROJECT TOKEN AT COST 3403339 5069626 PROJECT GEMINI AT COST 8469244 8469245 PROJECT OPPORTUNITY AT COST 5088972 7075129 PROJECT RIMET AT COST 33668325 33668324 PROJECT VISION AT COST 1164954 1152615 PROJECT LARRY AT COST 163603 824022 PROJECT OPTIMUS AT COST 1204017 2076991 PROJECT CARD AT COST 887728 1092354 PROJECT FRANKLIN AT COST 1315510 1677210 PROJECT MICHAEL AT COST 939529 1122345 PROJECT EDISON AT COST 601890 674413 PROJECT TESLA AT COST 6621805 8459772 PROJECT SEA LEVEL AT COST 18536298 28172960 PROJECT ROOFTOP AT COST 14031694 16768460 PROJECT CARBON AT COST 15427540 15427541 PROJECT BRICK AT COST 30372114 33294673 PROJECT DORA AT COST 4183067 4183065 PROJECT PAID AT COST 5846183 1161036 PROJECT LUCKY AT COST 415565 415565 PROJECT JUICE AT COST 207066 207066 PROJECT BIG TRUCK AT COST 161338 161338 PROJECT ONCE AT COST 1200733 1200733 PROJECT LAW AT COST 1421083 1421083 PROJECT OCEAN AT COST 3888869 3544321 PROJECT CHANCE AT COST 2807975 3510690 PROJECT TIGER AT COST 247119 835226 PROJECT PRINGLE AT COST 96000 199721 PROJECT WINDOW AT COST 727785 457256 PROJECT RIB AT COST 1221797 1210587 PROJECT CARPOOL AT COST 1571023 1571172 PROJECT WATCH AT COST 6148266 1894723 PROJECT INSIGHT AT COST 2195987 695344 PROJECT COUSTEAU AT COST 7284650 7284651 PROJECT WRINKLE AT COST 1022308 1960959 PROJECT GLASSES AT COST 108954 100236 PROJECT WATT AT COST 560340 539495 PROJECT HERTZ AT COST 7811293 8412203 PROJECT METRIC AT COST 6789542 3711439 LEGAL FEES 489705 420623 69082 ENZA CAPITAL (PRI) 7110483 7265035 8934740 BXS (PRI) 508762 508762 508762 ENZA CAPITAL II (PRI) 2475321 3842869 4028776 SMART HAVENS AFRICA (PRI) 0 115000 115000 CUSTODIAN FEES 11649 11649 0 OTHER 4692 4692 0 OTHER - CREDIT CARD 23362 0 23362 MISCELLANEOUS INTEREST CHARGE 1005 0 0 INCOME FROM FLOWTHROUGHS 6851832 6916206 6851832 OTHER INCOME 34543 34543 34543 OTHER ADJUSTMENTS 15193 PROFESSIONAL FEES 264578 92453 172125 EZRAH CHARITABLE TRUST (ECT) IS CLAIMING A 5% BLOCKAGE DISCOUNT FOR ITS INVESTMENT IN QUANTAMATRIX INCORPORATED (QM) STOCK. ECT IS THE LARGEST SINGLE SHAREHOLDER IN QM (BUT LESS THAN 20%). QM IS A PUBLIC COMPANY BUT VERY THINLY TRADED. EZRAH CHARITABLE TRUST'S SHARES ARE A SIGNIFICANT MULTIPLE OVER AVERAGE DAILY TRADING VOLUME. THERE WERE MULTI-YEAR RESTRICTIONS (REDUCED TO ONE YEAR POST IPO) ON ECT'S ABILITY TO SELL THE SHARES SUCH THAT ECT'S SHARES ARE NOT OF THE SAME VALUE AS FREELY-TRADABLE PUBLIC SHARES. US TAX PAYMENTS 66055 0 0 FOREIGN TAX 19369 19369 0 STATE TAX 12052 12052 0