2025-07-21T14:05:35-05:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 814159057 The Fox Aarons Foundation % Foundation Source FOXA 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 Shelley Fox Aarons President 8008391754 2025-07-12 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X 578693 X 0 X 739 739 79567 79567 -132324 672274 120303 -52018 200609 0 13607 13607 13607 0 13607 655250 655250 668857 0 668857 -720875 200609 0 43747 47978 47978 1184210 459104 530715 1227957 507082 578693 0 0 X 1227957 507082 1227957 507082 1227957 507082 1227957 -720875 507082 507082 Publicly-traded Securities 672274 551971 120303 120303 120303 2788 2788 2788 255 0 2600 2855 X 0 67 67 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 Philip Aarons Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Treas 1.0 0 0 0 Shelley Fox Aarons Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres 1.0 0 0 0 Zachary Aarons Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Sec 1.0 0 0 0 772243 99162 0 871405 0 871405 13071 858334 42917 42917 2788 2788 40129 40129 40129 668857 0 0 0 0 668857 40129 207423 708963 606735 842601 747722 3113444 668857 40129 628728 3742172 0 207423 3534749 708963 606735 842601 747722 628728 Philip Aarons Shelley Fox Aarons X BROOKLYN MUSEUM 200 EASTERN PKWY BROOKLYN NY 11238 N/A PC General & Unrestricted 25000 BROWN UNIVERSITY BOX 1893 PROVIDENCE RI 02912 N/A PC Chair's Discretionary Fund for the Department of Economics 10000 BROWN UNIVERSITY BOX 1893 PROVIDENCE RI 02912 N/A PC Performing Arts Building fund 50000 BROWN UNIVERSITY BOX 1893 PROVIDENCE RI 02912 N/A PC Orlando Bravo Center for Economic Research 40000 FRIENDS OF THE HIGH LINE INC 820 WASHINGTON ST NEW YORK NY 10014 N/A PC High Line Art 50000 FRIENDS OF THE HIGH LINE INC 820 WASHINGTON ST NEW YORK NY 10014 N/A PC High Line Art Program and General Operating fund 120000 INTERNATIONAL SCHOOL OF BROOKLYN 192 LUQUER ST BROOKLYN NY 11231 N/A PC Annual Fund 2023-2024 5500 LOWER EAST SIDE TENEMENT MUSEUM 103 ORCHARD ST 4TH FL NEW YORK NY 10002 N/A PC General & Unrestricted 50000 MUSEUM OF MODERN ART 11 W 53RD ST NEW YORK NY 10019 N/A PC Rare Book Fund 15000 NEW MUSEUM OF CONTEMPORARY ART 235 BOWERY NEW YORK NY 10002 N/A PC General & Unrestricted 96500 NEW MUSEUM OF CONTEMPORARY ART 235 BOWERY NEW YORK NY 10002 N/A PC Friends of the Triennial 15000 PRIMARY INFORMATION INC 232 3RD ST A113 BROOKLYN NY 11215 N/A PC Support of the Torrington Book Project 15000 PRINTED MATTER INC 231 11TH AVE NEW YORK NY 10001 N/A PC General & Unrestricted 25000 PRINTED MATTER INC 231 11TH AVE NEW YORK NY 10001 N/A PC LAABF Committee fund 15000 PS1 CONTEMPORARY ART CENTER INC 2225 JACKSON AVE LONG IS CITY NY 11101 N/A PC General & Unrestricted 123250 655250 14 739 14 79567 18 -132324 -52018 -52018 false false false false false false false false false false PIMCO STOCKPLUS CLASS A 459104 530715 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 $655,250. This amount represents 25% or more of the Foundation's net assets of $1,098,569 (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 13582 13582 State or Local Filing Fees 25 25 We respectfully request that The Fox Aarons Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $2 penalty indicated on Form 2220 be abated because the underpayment in Q4 was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm's software correctly determined that the foundation could pay its Q4 estimate based on prior year tax liability. However, since that liability was under $500, the software incorrectly indicated that no quarterly payment was due. As soon as the error was discovered, the foundation paid the required tax. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules and respectfully request that no 2220 penalty be assessed.