Zero-Registration Public Source Trail · TY2025 IRS Form 990-PF (Investments Schedule) ← Back to John D. and Catherine T. MacArthur Foundation Profile

John D. and Catherine T. MacArthur Foundation → Activate Capital Partners II, LP

Field-by-field provenance and archived filing evidence for one of the 5 open public preview records on John D. and Catherine T. MacArthur Foundation’s profile — accessible without registration.

Institutional Allocator

John D. and Catherine T. MacArthur Foundation

Private Foundation · Hub: Illinois / Chicago

Reported Carrying / Fair Value

$11.0M

Reported carrying value (Form 990-PF) · As of December 2025

$10,967,274 USD (raw: 10967274)

Strategy & Vintage

Growth Equity

2021 Vintage

Cited Archive Anchor

Foundations_990PF/MacArthur_Foundation_990PF.pdf#page=264

PDF p.264/310 · Printed p.265

Carrying Value Substantiated (990-PF) · Multiples Not Disclosed

Open Cited Filing (projects.propublica.org) Single-Page Excerpt (PDF p.264) Full-Res Image (PDF p.264)

Provenance & Entity Scope Notice

IRS Form 990-PF Carrying / Fair Value Schedule Disclosure (Holding Value — Not Original Commitment)

The cited financial schedule for John D. and Catherine T. MacArthur Foundation reports period-end portfolio fair market value / carrying value or invested cost ($11.0M) rather than original commitment check size. This figure is classified as Reported carrying value (Form 990-PF) (not an original commitment ticket) so GPs do not mistake current holding value for initial fund commitment size.

Field-Level Provenance & Substantiation Breakdown

Each claim is evaluated independently against the cited table’s headers and units. Different fields on a single record may originate from distinct schedules.

Entity Type: Legal Fund Vehicle · As-of 2025-12-31

Record Field	Recorded Value	Value Type	Substantiation Status	Field-Specific Source Citation & Audit Note
Fund / Legal Vehicle	Activate Capital Partners II, LP	Reported	Table-Substantiated	Foundations_990PF/MacArthur_Foundation_990PF.pdf (PDF Page 264 of 310 · Printed Page 265) Matched on cited page in '}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}'. Row excerpt: "ACTIVATE CAPITAL PARTNERS II, LP 10,967,274. 10,967,274."
Disclosed Carrying / Fair Value (Form 990-PF)	$11.0M (raw: 10967274)	Reported	Carrying / Fair Value (990-PF)	Foundations_990PF/MacArthur_Foundation_990PF.pdf (PDF Page 264 of 310 · Printed Page 265) IRS Form 990-PF Part II investment schedules report end-of-year book/fair market carrying value (not original LP commitment check size).
Fund Vintage Year	2021	Reported	Not Yet Page-Verified	Foundations_990PF/MacArthur_Foundation_990PF.pdf (PDF Page 264 of 310 · Printed Page 265) Retained from allocator disclosure / fund vintage registry without substituting filing year.
Net IRR	Not disclosed	Missing / Unverified	Not Yet Page-Verified	Not disclosed Net IRR is not disclosed for this record (never defaulted to 0 or 1.00x).
TVPI / Net Multiple	Not disclosed	Missing / Unverified	Not Yet Page-Verified	Not disclosed TVPI / Net Multiple is not disclosed for this record (never defaulted to 0 or 1.00x).
DPI (Realized Multiple)	Not disclosed	Missing / Unverified	Not Yet Page-Verified	Not disclosed DPI (Realized Multiple) is not disclosed for this record (never defaulted to 0 or 1.00x).

Archived Filing Excerpt — PDF Page 264 of 310 (Printed Page 265)

Table Class: General Text Mention

Archived file MacArthur_Foundation_990PF.pdf · Detected Table Title: }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}} · Table Units: exact_or_unspecified (USD). Full horizontal row highlighting retains surrounding headers, units, and footnotes.

Download Single-Page PDF

Detected Table Columns: Headers not parsed automatically — inspect full page image below

Matched Horizontal Row Text: ACTIVATE CAPITAL PARTNERS II, LP 10,967,274. 10,967,274.

Archived File Integrity Checksum (SHA-256): 94c273b56ccf24e1…de0c2a3f4257 — SHA-256 is a file-byte integrity check confirming the archived file has not changed since retrieval. It does NOT prove factual or extraction accuracy.

Archived filing excerpt from MacArthur_Foundation_990PF.pdf, PDF viewer page 264 (printed page 265), highlighting row for Activate Capital Partners II, LP

All 5 Open Public Source Trails for John D. and Catherine T. MacArthur Foundation

Click any preview record below to inspect its primary source trail without registration

Open Trail #1 of 5 TY2025 IRS Form 990-PF (Investments Schedule) · PDF p.274

Trive Capital Fund IV LP

Buyout · 2025 $27.4M (Holding)

Open Trail #2 of 5 TY2025 IRS Form 990-PF (Investments Schedule) · PDF p.274

Trive Structured Capital Fund I LP

Private Credit · 2025 $13.0M (Holding)

Open Trail #3 of 5 TY2025 IRS Form 990-PF (Investments Schedule) · PDF p.268

GTCR Evergreen Fund I/B, L.P.

Buyout · 2025 $12.6M (Holding)

Open Trail #4 of 5 TY2025 IRS Form 990-PF (Part II Balance Sheet Investments Schedule) · PDF p.42

Rockefeller Foundation Zero Gap Investment Fund LP

Fund of Funds · 2021 $12.1M (Holding)

Open Trail #5 of 5 TY2025 IRS Form 990-PF (Investments Schedule) · PDF p.264

Activate Capital Partners II, LP

Growth Equity · 2021 $11.0M (Holding)

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