Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 12-01-2017 , and ending 11-30-2018
Name of foundation
HESS FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)4 BECKER FARM ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ROSELAND, NJ07068
A Employer identification number

22-1713046
B Telephone number (see instructions)

(973) 403-7997
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$430,498,893J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 21,547,444
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 7,592,978 7,591,891  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 5,793,294
b Gross sales price for all assets on line 6a 8,973,044
7 Capital gain net income (from Part IV, line 2)... 5,789,384
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -610,369 -556,953  
12 Total. Add lines 1 through 11........ 34,323,347 12,824,322  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 50,000 0   50,000
b Accounting fees (attach schedule)....... Click to see attachment 163,221 48,966   114,255
c Other professional fees (attach schedule).... Click to see attachment 685,462 477,544   207,918
17 Interest............... 40,429 0   40,429
18 Taxes (attach schedule) (see instructions)... Click to see attachment 352,369 291,981   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 4,500 0   4,500
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 406,258 387,192   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,702,239 1,205,683   417,127
25 Contributions, gifts, grants paid....... 27,925,770 27,925,770
26 Total expenses and disbursements. Add lines 24 and 25 29,628,009 1,205,683   28,342,897
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,695,338
b Net investment income (if negative, enter -0-) 11,618,639
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 3,213,565 4,590,427 4,590,427
2 Savings and temporary cash investments......... 174,666 186,074 186,074
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 37,024,326 Click to see attachment37,024,326 346,883,517
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 61,924,846 Click to see attachment55,231,914 78,838,875
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 102,337,403 97,032,741 430,498,893
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 10,000,000  
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 10,000,000 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 92,337,403 97,032,741
30 Total liabilities and net assets/fund balances (see instructions). 102,337,403 97,032,741
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
92,337,403
2
Enter amount from Part I, line 27a .....................
2
4,695,338
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
97,032,741
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
97,032,741
Form 990-PF (2019)
Form 990-PF (2019)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a ASIA FUND (IRELAND) P 2014-12-01 2018-11-30
b COURT SQUARE CAPITAL PARTNERS OFFSHORE II, LP P 2014-12-01 2018-11-30
c DARBY LATIN AMERICAN PRIVATE EQUITY FUND P 2014-12-01 2018-11-30
d DAVIDSON KEMPNER INSTITUTIONAL PARTNERS LP P 2014-12-01 2018-11-30
e DW CATALYST OFFSHORE FUND P 2014-12-01 2018-11-30
GS CAPITAL PARTNERS V INSTITUTIONAL LP P 2014-12-01 2018-11-30
GS CAPITAL PARTNERS VI PARALLEL, LP P 2014-12-01 2018-11-30
GSCP VI PARALLEL AIV LP P 2014-12-01 2018-11-30
HOLOWESKO GLOBAL EQUITY FUND P 2014-12-01 2018-11-30
KKR 2006 FUND (OVERSEAS) P 2014-12-01 2018-11-30
KKR 2006 FUND (SAMSON) LP P 2014-12-01 2018-11-30
KKR 2006 FUND LP P 2014-12-01 2018-11-30
KKR ASIAN FUND P 2014-12-01 2018-11-30
KKR EUROPEAN FUND IV LP P 2014-12-01 2018-11-30
KKR GDG BLOCKER LP P 2014-12-01 2018-11-30
KKR NORTH AMERICA FUND XI LP P 2014-12-01 2018-11-30
KKR REPA AIV-1 P 2014-12-01 2018-11-30
KKR REPA AIV-2 FEEDER L.P P 2014-12-01 2018-11-30
KKR REPA AIV-3 FEEDER L.P P 2014-12-01 2018-11-30
PUBLICLY TRADED SECURITIES      
ROCKEFELLER GA INVESTORS 2007 P 2014-12-01 2018-11-30
SEMPTER VIC PARTNERS P 2014-12-01 2018-11-30
WEST STREET CAPITAL PARTNERS VII - PARALLEL LP P 2014-12-01 2018-11-30
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     95,079 -95,079
b     263,513 -263,513
c     1,371,702 -1,371,702
d 17,635     17,635
e 263,113     263,113
1,077,332     1,077,332
522,280     522,280
    370,471 -370,471
1,146,502     1,146,502
185,512     185,512
    103,466 -103,466
247,711     247,711
136,151     136,151
3,077     3,077
53,575     53,575
374,613     374,613
91,437     91,437
685     685
8,231     8,231
4,506,848   942,580 3,564,268
265,960     265,960
35,353     35,353
180     180
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -95,079
b       -263,513
c       -1,371,702
d       17,635
e       263,113
      1,077,332
      522,280
      -370,471
      1,146,502
      185,512
      -103,466
      247,711
      136,151
      3,077
      53,575
      374,613
      91,437
      685
      8,231
      3,564,268
      265,960
      35,353
      180
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 5,789,384
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2018 34,836,850 437,218,602 0.079678
2017 36,828,087 661,196,370 0.055699
2016 44,117,710 740,986,432 0.059539
2015 35,309,803 870,244,197 0.040575
2014 29,717,467 719,681,845 0.041293
2
Total of line 1, column (d) .....................
2
0.276784
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.055357
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
459,382,275
5
Multiply line 4 by line 3......................
5
25,430,025
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
116,186
7
Add lines 5 and 6........................
7
25,546,211
8
Enter qualifying distributions from Part XII, line 4,.............
8
28,342,897
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 116,186
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 116,186
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 116,186
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 212,819
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 212,819
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 96,633
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet96,633 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE, NJ
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMARTIN PICINICHHESS FOUNDATIONINC Telephone no.bullet (973) 403-7997

    Located atbullet4 BECKER FARM ROADROSELANDNJ ZIP+4bullet07068
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2019?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2019 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2019.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CONSTANCE WILLIAMSCO HESS FOUNDATN DIRECTOR, VICE PRESIDENT
    1.00     		0 0 0
    4 BECKER FARM ROAD
    ROSELAND,NJ07068
    EUGENE WGOODWILLIE JR CO HESS FND DIRECTOR, TREASURER
    2.00     		0 0 0
    4 BECKER FARM ROAD
    ROSELAND,NJ07068
    JOHN B HESS CO HESS FOUNDATION DIRECTOR, PRESIDENT
    5.00     		0 0 0
    4 BECKER FARM ROAD
    ROSELAND,NJ07068
    THOMAS H KEAN CO HESS FOUNDATION DIRECTOR, SECRETARY
    1.00     		0 0 0
    4 BECKER FARM ROAD
    ROSELAND,NJ07068
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    HESS GROUP LLC INV ADV/ADMIN 519,796
    1185 AVENUE OF THE AMERICAS
    NEW YORK,NY10036
    COHNREZNICK LLP ACCOUNTING AND TAX 167,721
    4 BECKER FARM ROAD
    ROSELAND,NJ07068
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    466,088,468
    b
    Average of monthly cash balances.......................
    1b
    289,476
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    466,377,944
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    466,377,944
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    6,995,669
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    459,382,275
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    22,969,114
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    22,969,114
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    116,186
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    116,186
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    22,852,928
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    22,852,928
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    22,852,928
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    28,342,897
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    28,342,897
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    116,186
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    28,226,711
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 22,852,928
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 15,523,872
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 28,342,897
    a Applied to 2018, but not more than line 2a 15,523,872
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2019 distributable amount..... 12,819,025
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2019. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		10,033,903
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016....  
    c Excess from 2017....  
    d Excess from 2018....  
    e Excess from 2019....  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2019, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2019 (b) 2018 (c) 2017 (d) 2016
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACADEMY OF MUSIC
    240 SOUTH BROAD ST
    PHILADELPHIA,PA19102     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    ACADEMY OF NATURAL SCIENCES
    1900 BENJAMIN FRANKLIN PKY
    PHILADELPHIA,PA19103     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    ACCESSMATTERS
    1700 MARKET STREET SUITE 1540
    PHILADELPHIA,PA19103     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    AFRICAN AMERICAN MUSEUM IN PHILADELPHIA
    701 ARCH ST
    PHILADELPHIA,PA19106     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    ALS ASSOCIATION
    1275 K STREET NW
    WASHINGTON,DC20005     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000
    ALZHEIMER'S ASSOCIATION
    1411 BROADWAY
    NEW YORK,NY10018     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000
    AMERICAN CANCER SOCIETY
    PO BOX 22478
    OKLAHOMA CITY,OK73123     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000
    AMERICAN IRISH HISTORICAL SOCIETY
    991 FIFTH AVE
    NEW YORK,NY10028     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000
    AMERICAN MUSEUM OF NATURAL HISTORY
    CENTRAL PARK WEST AT 79TH ST
    NEW YORK,NY10024     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000
    ANTI-DEFAMATION LEAGUE
    605 THIRD AVENUE
    NEW YORK,NY101583560     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    ANTI-DEFAMATION LEAGUE NEW ENGLAND
    40 COURT SUITE 12
    BOSTON,MA02108     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 3,000
    ASHOKA
    1700 NORTH MAIN STREET
    ARLINGTON,VA22209     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    BABY2BABY
    5830 W JEFFERSON BLVD
    LOS ANGELES,CA90016     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 185,000
    BARNARD COLLEGE
    3009 BROADWAY
    NEW YORK,NY10027     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 60,000
    BARNES FOUNDATION
    2025 BENJAMIN FRANKLIN PKY
    PHILADELPHIA,PA19130     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    BARTRAM'S GARDEN
    54TH ST LINDBERGH BLVD
    PHILADELPHIA,PA19143     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    BATES COLLEGE
    2 ANDREWS ROAD
    LEWISTON,ME042406028     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 4,000
    BATES COLLEGE - BOULEY FUND
    2 ANDREWS ROAD
    LEWISTON,ME042406028     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 4,000
    BETH DAVID REFORM SYNAGOGUE
    1130 VAUGHAN LANE
    GLADWYNE,PA19135     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    BICYCLE COALITION OF GREATER PHILADELPHIA
    1500 WALNUT STREET SUITE 1107
    PHILADELPHIA,PA19102     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000
    BROADWAY DREAMS
    8965 BROCKHAM WAY
    ALPHARETTA,GA30022     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    BUCKLEY SCHOOL
    113 EAST 73RD STREET
    NEW YORK,NY10021     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000
    CARON TREATMENT CENTERS
    244 EAST 55TH STREET
    NEW YORK,NY10022     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    CEDARS-SINAI MEDICAL CENTER
    8700 BEVERLY BLVD
    LOS ANGELES,CA90048     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    CENTER FOR INTERNATIONAL HUMANITARIAN COOPERATION
    850 5TH AVE
    NEW YORK,NY10065     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 30,000
    CENTER FOR REPRODUCTIVE RIGHTS
    120 WALL STREET 14TH FLOOR
    NEW YORK,NY10005     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000
    CENTER FOR STRATEGIC & INT'L STUDIES
    1616 RHODE ISLAND AVE NW
    WASHINGTON,DC20036     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 1,000,000
    CHILDREN'S NATIONAL MEDICAL CENTER
    111 MICHIGAN AVENUE NW
    WASHINGTON,DC20010     		  PC SUPPORT OF THE EXPANSION OF THE COMPREHENSIVE PEDIATRIC EPILEPSY PROGRAM (CPEP) 10,000
    CITY HARVEST INC
    6 EAST 32ND STREET 5TH FLOOR
    NEW YORK,NY10016     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 200,000
    COLLEGE OF PHYSICIANS
    195 22ND STREET
    PHILADELPHIA,PA19103     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 1,000,000
    COLLEGE OF PHYSICIANS OF PHILADELPHIA
    19 S 22ND STREET
    PHILADELPHIA,PA19103     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 20,000
    COLUMBIA UNIVERSITY
    116TH ST BROADWAY
    NEW YORK,NY10027     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    COLUMBIA UNIVERSITY - MAILMAN SCHOOL
    722 WEST 168TH STREET 14TH FL
    NEW YORK,NY10032     		  PC THE JUDSON WOLFE FELLOWSHIP 25,000
    DEERFIELD ACADEMY
    PO BOX 306
    DEERFIELD,MA01342     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 1,500,000
    DERBY ACADEMY ANNUAL FUND
    56 BURDITT AVENUE
    HINGHAM,MA02043     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    DOUBLE EDGE THEATRE
    948 CONWAY ROAD
    ASHFIELD,MA013309772     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 112,000
    DUBIN BREAST CENTER
    1176 5TH AVE
    NEW YORK,NY10029     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000
    EDUCATION LAW CENTER
    1315 WALNUT STREET
    PHILADELPHIA,PA19107     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    ELMWOOD PARK ZOO
    1661 HARDING BLVD
    NORRISTOWN,PA19401     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 200,000
    EPISCOPAL ACADEMY
    1785 BISHOP WHITE DRIVE
    NEWTOWN SQUARE,PA19073     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 20,000
    EVERYTOWN FOR GUN SAFETY SUPPORT FUND
    PO BOX 4184
    NEW YORK,NY10163     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 3,000
    FDN FOR ARTS & PRESERVATION IN EMBASSIES
    1725 I STREET NW 300
    WASHINGTON,DC20006     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    FEDERATION EARLY LEARNING SERVICES
    10700 JAMISON AVENUE
    PHILADELPHIA,PA19116     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    FILM SOCIETY OF LINCOLN CENTER INC
    165 WEST 65TH STREET
    NEW YORK,NY10023     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 260,000
    FORD'S THEATRE SOCIETY
    514 TENTH STREET NW
    WASHINGTON,DC20004     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    FRANKLIN INSTITUTE
    222 NORTH 20TH STREET
    PHILADELPHIA,PA19103     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    FREE LIBRARY OF PHILADELPHIA
    1901 VINE STREET SUITE 111
    PHILADELPHIA,PA19103     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 500,000
    FRIENDS OF BATES ATHLETICS
    2 ANDREWS ROAD
    LEWISTON,ME042406028     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 2,000
    FRIENDS OF HOLLY HILL FARM
    236 JERUSALEM ROAD
    COHASSET,MA02025     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 2,000
    FUND FOR THE SCHOOL DISTRICT OF PHILADELPHIA
    30 SOUTH 17TH STREET
    PHILADELPHIA,PA19103     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 320,000
    GOLDEN SLIPPER GEMS
    257 E LANCASTER AVE SUITE 200
    WYNNEWOOD,PA19096     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    GOOD PLUS FOUNDATION INC
    306 W 37TH STREET 8TH FLOOR
    NEW YORK,NY10018     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 15,000
    GREATER PHILADELPHIA CULTURAL ALLIANCE
    1315 WALNUT ST 732
    PHILADELPHIA,PA19107     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    GREENLIGHT FUND
    1501 CHERRY STREET
    PHILADELPHIA,PA19102     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000
    HAITI CARDIAC ALLIANCE
    47 MAPLE ST SUITE 220
    BURLINGTON,VT054014956     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000
    HARLEM CHILDREN'S ZONE INC
    35 EAST 62ND STREET
    NEW YORK,NY10065     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000
    HARVARD BUSINESS SCHOOL
    124 MOUNT AUBURN STREET
    CAMBRIDGE,MA021385762     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 4,600,000
    HARVARD COLLEGE FUND
    124 MOUNT AUBURN STREET
    CAMBRIDGE,MA021385762     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 120,000
    HARVARD MEDICAL SCHOOL
    124 MOUNT AUBURN STREET
    CAMBRIDGE,MA021385762     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000
    HIAS PENNSYLVANIA
    2100 ARCH STREET
    PHILADELPHIA,PA19103     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    HISTIOCYTOSIS ASSOCIATION OF AMERICA
    332 NORTH BROADWAY
    PITMAN,NJ08071     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    ICAHN SCHOOL OF MEDICINE
    1428 MADISON AVE
    NEW YORK,NY10029     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000
    INGLIS
    2600 BELMONT AVENUE
    PHILADELPHIA,PA19131     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    INSTITUTE FOR SPORTS MEDICINE RESEARCH
    57 E 57TH STREET NO 15A
    NEW YORK,NY10022     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000
    INTERFAITH CTR OF GREATER PHILADELPHIA
    100 WOXFORD STREET E-1300
    PHILADELPHIA,PA19122     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    JACKIE ROBINSON FOUNDATION INC
    75 VARICK STREET 2ND FLOOR
    NEW YORK,NY10013     		  PC SPONSORSHIP OF JRF SCHOLAR 80,000
    JEWISH BOARD OF FAMILY & CHILDREN'S SERVICES
    135 W 50TH STREET
    NEW YORK,NY10020     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    JEWISH FAMILY & CHILDREN'S SERVICES
    2100 ARCH STREET
    PHILADELPHIA,PA19103     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000
    JEWISH FEDERATION OF GREATER PHILA
    2100 ARCH STREET
    PHILADELPHIA,PA19103     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    JOHN F KENNEDY CENTER FOR PERFORMING ARTS
    2700 F ST NW
    WASHINGTON,DC20566     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 3,000
    JULES STEIN EYE INSTITUTE
    UNIVERSITY OF CA
    LOS ANGELES,CA900951784     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 200,000
    KIMMEL CENTER INC
    1500 WALNUT STREET 17TH FL
    PHILADELPHIA,PA19102     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    KINGS ACADEMY
    245 PARK AVENUE 39TH FLOOR
    NEW YORK,NY10167     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 600,000
    LINCOLN CENTER FOR THE PERFORMING ARTS INC
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 350,000
    LINCOLN CTR FOR THE PERFORMING ARTS
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 350,000
    LOWER MERION CONSERVANCY
    73 EAST LANCASTER AVENUE
    ARDMORE,PA19003     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    LYFORD CAY FOUNDATION INC
    521 FIFTH AVENUE 10TH FLOOR
    NEW YORK,NY10175     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    LYMPHOMA RESEARCH FOUNDATION
    88 PINE ST SUITE 2400
    NEW YORK,NY10005     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    MAGEE REHABILITATION HOSPITAL
    1513 RACE STREET
    PHILADELPHIA,PA19102     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000
    MAKE-A-WISH FOUNDATION OF AMERICA
    126 SOUTHWEST FREEWAY
    STAFFORD,TX77477     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 70,000
    MATERNITY CARE COALITION
    200 HAMILTON STREET
    PHILADELPHIA,PA19130     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    MCCAIN INSTITUTE FOR INTERNATIONAL LEADERSHIP
    1800 I ST NW SIXTH FLOOR
    WASHINGTON,DC20006     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    MEDICAL MISSIONS FOR CHILDREN INC
    10-G ROESSLER ROAD SUITE 500
    WOBURN,MA01801     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000
    MELANOMA RESEARCH FOUNDATION
    1420 K STREET NW 7TH FLOOR
    WASHINGTON,DC20005     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 225,000
    MERCY CORPS
    45 SW ANKENY STREET
    PORTLAND,OR97204     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,500
    METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVENUE
    NEW YORK,NY10028     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 210,000
    MIDDLEBURY COLLEGE
    14 OLD CHAPEL ROAD
    MIDDLEBURY,VT05753     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    MT SINAI MEDICAL CENTER
    ONE GUSTAVE LLEVY PLBOX 1220
    NEW YORK,NY10029     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000,000
    NATIONAL CONSTITUTION CENTER
    INDEPENDENCE MALL-525 ARCH ST
    PHILADELPHIA,PA19106     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000
    NATIONAL IMMIGRATION LAW CENTER
    3450 WILSHIRE BLVD SUITE 108-62
    LOS ANGELES,CA90010     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 3,000
    NATIONAL PHYSICIANS ALLIANCE
    1455 PENNSYLVANIA AVENUE SUITE 400
    WASHINGTON,DC20004     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    NAT'L MUSEUM OF AMERICAN JEWISH HISTORY
    55 NORTH 5TH STREET
    PHILADELPHIA,PA19106     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 35,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 WEST 20TH STREET 11TH FLOOR
    NEW YORK,NY10011     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    NAVY SEAL FOUNDATION INC
    1619 D STREET
    VIRGINIA BEACH,VA23459     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    NOBLE & GREENOUGH SCHOOL
    10 CAMPUS DRIVE
    DEDHAM,MA02026     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000
    NUCLEAR THREAT INITIATIVE
    1776 EYE STREET NW SUITE 600
    WASHINGTON,DC20006     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    OLD COLONY MONTESSORI SCHOOL
    247 GARDNER STREET
    HINGHAM,MA02043     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 6,000
    PARK AVENUE SYNAGOGUE
    50 EAST 87TH STREET
    NEW YORK,NY10128     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 250,000
    PENNSYLVANIA HORTICULTURAL SOCIETY
    100 N20TH ST 5TH FLOOR
    PHILADELPHIA,PA191031495     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000
    PHILABUNDANCE
    3616 SOUTH GALLOWAY STREET
    PHILADELPHIA,PA19148     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    PHILADELPHIA CITY ROWING
    450 PLYMOUTH ROAD
    PHILADELPHIA,PA19462     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    PHILADELPHIA MURAL ARTS PROGRAM
    1727 MT VERNON STREET
    PHILADELPHIA,PA19130     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 60,000
    PHILADELPHIA MUSEUM OF ART
    PERELMAN BUILDING-PO BOX 7646
    PHILADELPHIA,PA191017646     		  PC IN SUPPORT OF THE CONSTRUCTION OF A NEW AUDITORIUM 2,145,000
    PHILADELPHIA ORCHESTRA
    ONE SOUTH BROAD STREET
    PHILADELPHIA,PA19107     		  PC IN SUPPORT OF THE CONSTRUCTION OF A NEW AUDITORIUM 1,020,000
    PHILADELPHIA SCHOOL PARTNERSHIP
    150 S INDEPENDENCE MALL W NO 1200
    PHILADELPHIA,PA19106     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    PHILADELPHIA ZOO
    3400 W GIRARD AVENUE
    PHILADELPHIA,PA19104     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    PHILLIPS COLLECTION
    1600 21ST STREET NW
    WASHINGTON,DC20009     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 45,000
    PHILLY FIGHTS CANCER
    1086 PENLLYN BLUE
    BLUE BELL,PA19422     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 30,000
    PLANNED PARENTHOOD OF SE PA
    114 LOCUST STREET
    PHILADELPHIA,PA19107     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    PLAY ON PHILLY
    PO BOX 8662
    PHILADELPHIA,PA19101     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    PLEASE TOUCH MUSEUM
    4231 AVENUE OF THE REPUBLIC
    PHILADELPHIA,PA19131     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 200,000
    PREP FOR PREP
    328 W 71ST ST
    NEW YORK,NY10023     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    PRINCETON UNIVERSITY
    PO BOX 5357
    PRINCETON,NJ085435357     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 101,000
    PROJECT CHIMPS
    PO BOX 2140
    BLUE RIDGE,GA30513     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000
    PROJECT HOME
    1515 FAIRMOUNT AVENUE
    PHILADELPHIA,PA191302996     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 150,000
    PUBLIC CITIZENS FOR CHILDREN & YOUTH
    1709 BENJAMIN FRANKLIN PKY 6TH FL
    PHILADELPHIA,PA19103     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 30,000
    RUTGERS UNIVERSITY FOUNDATION-CAWP
    7 COLLEGE AVENUE
    NEW BRUNSWICK,NJ08901     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    RYAN'S CASE FOR SMILES
    295 SWEDESFORD ROAD 396
    WAYNE,PA19087     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    SHERIDAN SCHOOL
    1116 SHERIDAN AVENUE
    BRONX,NY10456     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    SOCIETY OF GENERAL INTERNAL MEDICINE
    1500 KING STREET STE 303
    ALEXANDRIA,VA22314     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 75,000
    SOUTH SHORE NATURAL SCIENCE CENTER
    48 JACOBS LANE
    NORWELL,MA02061     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 1,000
    SOUTHERN POVERTY LAW CENTER INC
    PO BOX 548
    MONTGOMERY,AL36104     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    SPONSORS FOR EDUCATIONAL OPPORTUNITY
    55 EXCHANGE PLACE SUITE 601
    NEW YORK,NY10005     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    ST MARY'S COLLEGE OF MARYLAND
    18952 E FISHER ROAD
    ST MARYS CITY,MD20686     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 1,000
    STEPPINGSTONE FOUNDATION
    1 APPLETON STREET
    BOSTON,MA02116     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 40,000
    STEPPINGSTONE SCHOLARS INC
    1301 CECIL B MOORE AVENUE
    PHILADELPHIA,PA19122     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 250,000
    STUDENT SPONSOR PARTNERS
    424 MADISON AVE 3RD FLOOR
    NEW YORK,NY10017     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    STUDIO MUSEUM IN HARLEM
    429 W 127TH ST
    NEW YORK,NY10027     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    SUPPORT CENTER FOR CHILD ADVOCATES
    1900 CHERRY STREET
    PHILADELPHIA,PA19103     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 15,000
    TEACH FOR AMERICA
    1714 MEMPHIS STREET SUITE C1
    PHILADELPHIA,PA19125     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    TEAM RUBICON
    6171 W CENTURY BLVD SUITE 310
    LOS ANGELES,CA90045     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000
    THE FABRIC WORKSHOP AND MUSEUM
    1214 ARCH ST
    PHILADELPHIA,PA19107     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    THE HISTORYMAKERS
    1900 MICHIGAN AVENUE
    CHICAGO,IL60616     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    THE LENFEST INSTITUTE FOR JOURNALISM
    801 MARKET ST SUITE 300
    PHILADELPHIA,PA19107     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000
    THE MASSACHUSETTS GENERAL HOSPITAL
    55 FRUIT STREET
    BOSTON,MA02114     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    THE TEAK FELLOWSHIP
    16 W 22ND ST
    NEW YORK,NY10010     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000
    THEATRE HORIZON
    401 DEKALB STREET
    NORRISTOWN,PA19401     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    TRUSTEES OF THE UNIVERSITY OF PA
    3451 WALNUT ST/433 FRANKLIN BLDG
    PHILADELPHIA,PA191046205     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 125,000
    UNITED WAY OF SOUTHEASTERN PA
    1709 BENJAMIN FRANKLIN PKY
    PHILADELPHIA,PA19103     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 15,000
    UNIVERSITY OF NC ARTS & SCIENCES FND
    205 SOUTH BUILDING
    CHAPEL HILL,NC275993100     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 250,000
    UNIVERSITY OF PENNSYLVANIA
    2929 WALNUT STREET SUITE 300
    PHILADELPHIA,PA191045099     		  PC THE WILLIAM FELLOWS ENDOWMENT FUND - LDI ACCESS & AFFORDABILITY RESEARCH FUND 1,000,000
    VIA ART FUND INC
    83 NEWBURY STREET 4TH FLOOR
    BOSTON,MA02116     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000
    VOLUNTEER MEDICAL SERVICE CORP OF LMN
    101 SIBLEY AVENUE
    ARDMORE,PA19003     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    WEINBERG FAMILY CEREBRAL PALSY CENTER
    3959 BROADWAY SUITE 803
    NEW YORK,NY10032     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    WHITNEY MUSEUM
    99 GANSEVOORT STREET
    NEW YORK,NY10014     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 1,000,000
    WHITNEY MUSEUM OF AMERICAN ART
    945 MADISON AVENUE
    NEW YORK,NY10021     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 365,270
    WHYY
    150 NORTH SIXTH STREET
    PHILADELPHIA,PA19106     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000
    WISTAR INSTITUTE
    3601 SPRUCE STREET
    PHILADELPHIA,PA19104     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000
    WOMEN'S CANCER RESEARCH FUND
    28 W 44TH STREET SUITE 609
    NEW YORK,NY10036     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000
    WOMEN'S MEDICAL FUND
    PO BOX 248
    MADISON,WI53701     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000
    WXPN
    PO BOX 8419
    PHILADELPHIA,PA191017646     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    YOUTH WORK FOUNDATION
    140 SOUTH BROAD ST
    PHILADELPHIA,PA19102     		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000
    Total .................................bullet 3a 27,925,770
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities.... 523000 1,087 14 7,591,891  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		523000 3,910 18 5,789,384  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCOURT SQUARE CAPITAL PARTNERS OFFSHORE II, LP     		    14 4,123  
    bDARBY LATIN AMERICAN PRIVATE EQUITY FUND     14 -2,443  
    cDAVIDSON KEMPNER INSTITUTIONAL PARTNERS LP     14 -1,073  
    dDW CATALYST OFFSHORE FUND     14 6,995  
    eGS CAPITAL PARTNERS V INSTITUTIONAL LP     14 -22,972  
    fGS CAPITAL PARTNERS VI PARALLEL, LP 523000 -7 14 -36,511  
    gHESS MIDSTREAM PARTNERS LP     14 -72,842  
    hHOLOWESKO GLOBAL EQUITY FUND     14 -239,969  
    iKKR 2006 FUND (OVERSEAS)     14 -4,449  
    jKKR 2006 FUND (SAMSON) LP     14 47  
    kKKR 2006 FUND LP     14 751  
    lKKR ASIAN FUND     14 -25,035  
    mKKR EUROPEAN FUND IV LP 523000 -35,800 14 -105,892  
    nKKR NORTH AMERICA FUND XI LP     14 18  
    oKKR REPA AIV-1     14 -50,050  
    pKKR REPA AIV-2 FEEDER L.P 523000 -7,831 14 -3,719  
    qKKR REPA AIV-3 FEEDER L.P 523000 -9,778 14 584  
    rLEE EQUITY STRATEGIC PARTNERS CAPTIVE AIV LP     14 7  
    sLEE EQUITY STRATEGIC PARTNERS FUND PDR AIV LP     14 2  
    tROCKEFELLER GA INVESTORS 2007     14 131  
    12 Subtotal. Add columns (b), (d), and (e).. -48,419 12,824,322 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    12,775,903
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2019
    Name of the organization
    HESS FOUNDATION INC
     
    Employer identification number

    22-1713046
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2
    Name of organization
    HESS FOUNDATION INC
          		Employer identification number
    22-1713046
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    THE LEON HESS 25-YEAR CHARITABLE LEAD ANNUITY TRUST
     
    1185 AVENUE OF THE AMERICAS
     
    NEW YORK, NY10036

    		$ 21,547,444


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 3
    Name of organization
    HESS FOUNDATION INC
          		Employer identification number

    22-1713046
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 4
    Name of organization
    HESS FOUNDATION INC
          		Employer identification number

    22-1713046
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2017 AccountingFeesSchedule
    Name:
    HESS FOUNDATION INC
    EIN:
    22-1713046
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COHNREZNICK LLP 163,221 48,966   114,255

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2017 GainLossSaleOtherAssetsSch
    Name:
    HESS FOUNDATION INC
    EIN:
    22-1713046
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    HOLOWESKO GLOBAL EQUITY FUND 2014-12 PURCHASED 2018-11   9,188     0 9,188  
    KKR EUROPEAN FUND IV LP 2014-12 PURCHASED 2018-11   4,673     0 4,673  
    KKR NORTH AMERICA FUND XI LP 2014-12 PURCHASED 2018-11     32,939   0 -32,939  
    KKR REPA AIV-2 FEEDER L.P 2014-12 PURCHASED 2018-11   1,721     0 1,721  
    KKR REPA AIV-3 FEEDER L.P 2014-12 PURCHASED 2018-11   20,690     0 20,690  
    ROCKEFELLER GA INVESTORS 2007 2014-12 PURCHASED 2018-11   577     0 577  

    TY 2017 GeneralExplanationAttachment
    Name:
    HESS FOUNDATION INC
    EIN:
    22-1713046
    Identifier Return Reference Explanation
      FORM 990-PF, PART VII-A, LINE 10: HESS FOUNDATION, INC. YEAR ENDED NOVEMBER 30,2018 FORM 990-PF, PART VII-A, LINE 10: CONTRIBUTIONS RECEIVED THE LEON HESS 25-YEAR CHARITABLE LEAD ANNUITY TRUST 1185 AVENUE OF THE AMERICAS NEW YORK, NY 10036 CASH CONTRIBUTIONS 11/30/18WHILE THE AMOUNTS RECEIVED FROM THE HESS 25-YEAR CHARITABLE LEAD ANNUITY TRUST WERE IN EXCESS OF THE AMOUNTS SPECIFIED IN SECTION 507 (D) (2) (A) OF THE CODE, IT IS NOT CLEAR THAT SUCH TRUST IS A SUBSTANTIAL CONTRIBUTOR, AS DEFINED IN THE CODE, SINCE THE PAYMENTS WERE MADE PURSUANT TO THE WILL OF LEON HESS, DECEASED WHO WAS SUBSTANTIAL CONTRIBUTOR.
      FORM 990-PF, PART VII-B, LINE 1A(4): THE HESS GROUP, INC., A DISQUALIFIED PERSON WITH RESPECT TO THE FOUNDATION, RECEIVED COMPENSATION FROM THE FOUNDATION THE YEAR ENDED NOVEMBER 30, 2018 FOR PROFESSIONAL SERVICES RENDERED TO THE FOUNDATION. BECAUSE THE COMPENSATION WAS REASONABLE, IT MEETS THE REQUIREMENTS FOR THE EXCEPTION TO SELF-DEALING UNDER THE REGULATIONS OF INTERNAL REVENUE CODE SECTION 4941.
    EXPENDITURE RESPONSIBILITY STATEMENT PART VII-B, LINE 5C GRANTEE'S NAME : HESS PHILANTHROPIC FUNDGRANTEE'S ADDRESS : C/O TAG ASSOCIATES, 810 SEVENTH AVENUE, 7TH FLOOR NEW YORK, NY 10019GRANT AMOUNT : 10,535,373DATE OF GRANT : 12/31/16AMOUNT EXPENDED : 10,535,373VERIFICATION DATE : 04/26/19PURPOSE OF GRANT : ENDOWMENTDATES OF REPORTS BY GRANTEE : 4/26/19ANY DIVERSION BY GRANTEE : TO OUR KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDSRESULTS OF VERIFICATION : THE ORGANIZATON HAS NO REASON TO BELIEVE THAT ASSETS ARE BEING USED FOR ANY PURPOSES OTHER THAN CHARITABLEGRANTEE'S NAME : HESS PHILANTHROPIC FUNDGRANTEE'S ADDRESS : C/O TAG ASSOCIATES, 810 SEVENTH AVENUE, 7TH FLOOR NEW YORK, NY 10019GRANT AMOUNT : 235006430DATE OF GRANT : 12/31/17AMOUNT EXPENDED : 7,125,007VERIFICATION DATE : 04/26/19PURPOSE OF GRANT : ENDOWMENTDATES OF REPORTS BY GRANTEE : 4/26/19ANY DIVERSION BY GRANTEE : TO OUR KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDSRESULTS OF VERIFICATION : THE ORGANIZATON HAS NO REASON TO BELIEVE THAT ASSETS ARE BEING USED FOR ANY PURPOSES OTHER THAN CHARITABLEGRANTEE'S NAME : HESS PHILANTHROPIC FUNDGRANTEE'S ADDRESS : C/O TAG ASSOCIATES, 810 SEVENTH AVENUE, 7TH FLOOR NEW YORK, NY 10019GRANT AMOUNT : 1,041,359DATE OF GRANT : 1/19/17AMOUNT EXPENDED : 1,041,359VERIFICATION DATE : 04/26/19PURPOSE OF GRANT : ENDOWMENTDATES OF REPORTS BY GRANTEE : 4/26/19ANY DIVERSION BY GRANTEE : TO OUR KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDSRESULTS OF VERIFICATION : THE ORGANIZATON HAS NO REASON TO BELIEVE THAT ASSETS ARE BEING USED FOR ANY PURPOSES OTHER THAN CHARITABLEGRANTEE'S NAME : HESS PHILANTHROPIC FUNDGRANTEE'S ADDRESS : C/O TAG ASSOCIATES, 810 SEVENTH AVENUE, 7TH FLOOR NEW YORK, NY 10019GRANT AMOUNT : 192,803DATE OF GRANT : 10/06/17AMOUNT EXPENDED : 192,803VERIFICATION DATE : 04/26/19PURPOSE OF GRANT : ENDOWMENTDATES OF REPORTS BY GRANTEE : 4/26/19ANY DIVERSION BY GRANTEE : TO OUR KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION OF THE FUNDSRESULTS OF VERIFICATION : THE ORGANIZATON HAS NO REASON TO BELIEVE THAT ASSETS ARE BEING USED FOR ANY PURPOSES OTHER THAN CHARITABLE

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    HESS FOUNDATION INC
    EIN:
    22-1713046
    Name of Stock End of Year Book Value End of Year Fair Market Value
    HESS CORPORATION 37,024,326 346,883,517

    TY 2017 InvestmentsOtherSchedule2
    Name:
    HESS FOUNDATION INC
    EIN:
    22-1713046
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ANCHORAGE CAPITAL FMV 2,100,000 2,646,647
    CANYON VALUE FMV 1,620,349 2,104,968
    COATUE HYBRID OFFSHORE FMV 0 1,337,916
    COATUE KONA II FMV 1,341,440 1,802,211
    COATUE PE FUND II FMV 1,993,583 2,794,129
    COURT SQUARE CAPITAL FMV 1,601,428 1,125,575
    DARBY BBVA FMV 2,000,693 769,966
    DARBY EMERGING MARKETS FMV 72,199 0
    DAVIDSON KEMNPER FMV 2,029,856 2,122,103
    DRT INVESTORS FMV 1,116,423 1,190,542
    DW PARTNERS FMV 276,858 0
    EATON PARK OVERSEAS FUND FMV 0 112,466
    EDGEWOOD GROWTH FUND FMV 3,000,000 4,004,612
    GLOBAL LONG SHORT PARTNERS FMV 0 226,478
    GLOBAL LONG SHORT SPV II FMV 0 45,673
    GQG PARTNERS FMV 1,500,000 1,554,199
    GS CAPITAL PARTNERS V FMV 1,228,201 128,792
    GS CAPITAL PARTNERS VI FMV 811,643 747,328
    GS CASH MANAGEMENT OPTION FMV 282,850 183,097
    GS MEZZANINE PARTNERS FMV 96,535 38,720
    GS VINTAGE FUND VINTAGE FUND LP FMV 0 411,946
    GS VINTAGE FUND VINTAGE FUND VI FMV 194,853 1,393,201
    GS WHITEHALL FMV 0 21,543
    HESS MIDSTREAM PARTNERS FMV 1,987,937 1,884,110
    HOLOWESKO FMV 1,132,705 12,417,267
    KKR 2006 FUND FMV 1,150,284 790,581
    KKR ASIAN FUND FMV 2,873,561 250,943
    KKR ASIAN FUND II FMV 1,920,832 3,468,195
    KKR EUROPEAN FUND FMV 2,125,795 3,157,925
    KKR NORTH AMERICAN FUND FMV 1,305,459 3,484,920
    KKR RE PARTNERS FMV 605,409 929,052
    LEE EQUITY STRATEGIC PARTNERS FMV 1,678,068 0
    NEWPORT ASIA FMV 0 1,895,739
    OAKTREE VALUE FMV 4,000,000 5,221,926
    RENAISSANCE INSTITUTIONAL FMV 2,000,000 2,235,499
    ROCKEFELLER GA INVESTORS LP FMV 2,032,772 1,951,551
    SEMPER VIC PARTNERS FMV 1,976,890 7,801,543
    UBER TECHNOLOGIES AT COST 3,999,975 3,999,975
    WELLINGTON FMV 4,209,588 3,524,733
    WEST ST CAPITAL VI FMV 965,728 1,062,804

    TY 2017 LegalFeesSchedule
    Name:
    HESS FOUNDATION INC
    EIN:
    22-1713046
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SULLIVAN & CROMWELL, LLP 50,000 0   50,000


    TY 2017 OtherExpensesSchedule
    Name:
    HESS FOUNDATION INC
    EIN:
    22-1713046
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEES 25 0   25
    EXPENSES FROM K-1 PASSTHROUGH 406,233 387,192   0


    TY 2017 OtherIncomeSchedule2
    Name:
    HESS FOUNDATION INC
    EIN:
    22-1713046
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    COURT SQUARE CAPITAL PARTNERS OFFSHORE II, LP 4,123 4,123 4,123
    DARBY LATIN AMERICAN PRIVATE EQUITY FUND -2,443 -2,443 -2,443
    DAVIDSON KEMPNER INSTITUTIONAL PARTNERS LP -1,073 -1,073 -1,073
    DW CATALYST OFFSHORE FUND 6,995 6,995 6,995
    GS CAPITAL PARTNERS V INSTITUTIONAL LP -22,972 -22,972 -22,972
    GS CAPITAL PARTNERS VI PARALLEL, LP -36,518 -36,511 -36,518
    HESS MIDSTREAM PARTNERS LP -72,842 -72,842 -72,842
    HOLOWESKO GLOBAL EQUITY FUND -239,969 -239,969 -239,969
    KKR 2006 FUND (OVERSEAS) -4,449 -4,449 -4,449
    KKR 2006 FUND (SAMSON) LP 47 47 47
    KKR 2006 FUND LP 751 751 751
    KKR ASIAN FUND -25,035 -25,035 -25,035
    KKR EUROPEAN FUND IV LP -141,692 -105,892 -141,692
    KKR NORTH AMERICA FUND XI LP 18 18 18
    KKR REPA AIV-1 -50,050 -50,050 -50,050
    KKR REPA AIV-2 FEEDER L.P -11,550 -3,719 -11,550
    KKR REPA AIV-3 FEEDER L.P -9,194 584 -9,194
    LEE EQUITY STRATEGIC PARTNERS CAPTIVE AIV LP 7 7 7
    LEE EQUITY STRATEGIC PARTNERS FUND PDR AIV LP 2 2 2
    ROCKEFELLER GA INVESTORS 2007 131 131 131
    SEMPER VIC PARTNERS (QP) LP 7,628 7,628 7,628
    WEST STREET CAPITAL PARTNERS VII - PARALLEL LP -12,515 -12,515 -12,515
    CLASS ACTION PROCEEDS 231 231 231


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    HESS FOUNDATION INC
    EIN:
    22-1713046
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HESS GROUP 519,796 311,878   207,918
    GOLDMAN SACHS 15,655 15,655   0
    MONTICELLO ASSOCIATES, INCORPORATED 150,000 150,000   0
    WILMINGTON TRUST 11 11   0


    TY 2017 TaxesSchedule
    Name:
    HESS FOUNDATION INC
    EIN:
    22-1713046
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 291,994 291,981   0
    STATE UNRELATED BUSINESS TAXES 31,751 0   0
    EXCISE TAXES 28,624 0   0