# IRS Form 990 / 990-PF — Dalton Investments references

Most-recent available return for each organization. Files are the **raw IRS e-file XML**
(root `<Return xmlns="http://www.irs.gov/efile">`), pulled from the GivingTuesday 990 Data Lake
(`https://gt990datalake-rawdata.s3.amazonaws.com/EfileData/XmlFiles/<object_id>_public.xml`),
which mirrors the IRS Modernized e-File set. Object IDs were taken from ProPublica Nonprofit
Explorer (they equal the IRS OBJECT_ID). Direct ProPublica PDF/XML download endpoints are behind
a JS "Security Check" WAF and could not be scraped with curl; the raw XML is the authoritative
equivalent and is what ProPublica itself displays.

| Org | EIN | File | Return | Tax year | Period end | Object ID | Bytes |
|---|---|---|---|---|---|---|---|
| YMCA Retirement Fund (Young Mens Christian Association Retirement Fund) | 13-5562401 | `YMCARetirementFund_990.xml` | 990 | FY2024 | 2025-06-30 | 202513179349310251 | 1,160,792 |
| Louis & Anne Abrons Foundation | 13-6061329 | `LouisAnneAbronsFoundation_990.xml` | 990-PF | FY2024 | 2024-12-31 | 202503149349100230 | 267,326 |
| Rita Allen Foundation | 13-6116429 | `RitaAllenFoundation_990.xml` | 990-PF | FY2024 | 2024-12-31 | 202513089349100231 | 195,909 |
| Fannie E. Rippel Foundation | 22-1559427 | `FannieERippelFoundation_990.xml` | 990-PF | FY2024 | 2024-12-31 | 202543029349101219 | 90,431 |
| Schwab Charitable / DAFgiving360 (Donor Advised Charitable Giving Inc) | 31-1640316 | `SchwabCharitable_DAFgiving360_990.xml` | 990 | FY2023 | 2024-06-30 | 202541069349300729 | 25,546,752 |

## Where "Dalton Investments" appears

### YMCA Retirement Fund — 13-5562401 (DIRECT, two places)
- **Form 990 Part VII / Schedule of Independent Contractors** — `ContractorCompensationGrp`:
  **DALTON INVESTMENTS LLC**, services = **"INVESTMENT MANAGEMENT"**, compensation = **$2,133,361**.
  (One of the Fund's five highest-paid independent contractors.)
- **Schedule L (Transactions with Interested Persons)** — `BusTrInvolveInterestedPrsnGrp`:
  **Dalton Investments LLC** listed as an interested person, relationship =
  **"SUBSTANTIAL CONTRIBUTOR"**, transaction amount **$2,133,361**.
  This is a related-party / governance disclosure: Dalton is simultaneously the Fund's paid
  investment manager and a flagged interested person.

### Louis & Anne Abrons Foundation — 13-6061329 (DIRECT, investment holding)
- **990-PF Part II line 13 (Other investments)** — `InvestmentsOtherGrp`:
  **"DALTON INVESTMENTS TRUST SERIE[S]"**, Book value **$3,637,034**, end-of-year FMV **$5,089,704**.
- Also flows through Part I: **"K-1 Inc/Loss Dalton Investments Trust Series B"** (other income)
  and **"K-1 Exp Dalton Investments Tru[st]"** (other expenses).

### Rita Allen Foundation — 13-6116429 (DIRECT, investment holding)
- **990-PF Part II (Other investments)** — `InvestmentsOtherGrp`:
  **"DALTON ASIA PACIFIC"**, Book value & FMV **$2,941,200**.
- **990-PF Part IV (Capital gains/losses for tax on investment income)** — `CapGainsLossTxInvstIncmGrp`:
  **"DALTON INVESTMENTS TRUST - SERIES B"**, gain reported (acquired "P" / purchased).

### Fannie E. Rippel Foundation — 22-1559427 (DIRECT, investment holding)
- **990-PF Part II (Other investments)** — `InvestmentsOtherGrp`:
  **"DALTON INVESTMENT SERIES B ASIA"**, Book value & FMV **$3,050,082**.
- **990-PF Part IV (Capital gains/losses)** — `CapGainsLossTxInvstIncmGrp`: two
  **"DALTON INVESTMENTS TRUST-SERIES B"** lots (one loss -$34,114, one gain +$263,447).

### Schwab Charitable / DAFgiving360 — 31-1640316 (NO Dalton Investments tie)
- The string "Dalton" appears 5x but **all are false positives**: grantee names
  ("DALTON SCHOOL INC", "DALTON STATE COLLEGE FOUNDATION INC", "FIRST BAPTIST CHURCH OF DALTON")
  and grant-recipient street addresses / cities named Dalton (Dalton GA; Dalton PA; "236 Dalton Circle";
  "1805 Dalton Avenue"). **No Dalton Investments / investment-management relationship is disclosed**
  in the Schwab return.

## Summary of the Dalton thread
Four of the five orgs have a **direct Dalton Investments financial relationship**: the YMCA
Retirement Fund pays Dalton Investments LLC ~$2.13M/yr to manage money (and flags it on Sch. L),
while the three private foundations (Abrons, Rita Allen, Rippel) each hold **Dalton-managed
trust/fund interests** ("Dalton Investments Trust Series B", "Dalton Asia Pacific" / "Dalton
Investment Series B Asia") worth ~$3.0M–$5.1M apiece. Schwab Charitable shows no such tie.

## Misses
None — all 5 returns retrieved as valid raw IRS e-file XML and EIN-verified.