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
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
Democracy Fund Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)1200 17th St NW No 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Washington, DC20036
A Employer identification number

38-3926408
B Telephone number (see instructions)

(202) 420-7943
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$78,786,166J 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) 75,767,850
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 486,291 486,291 486,291
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -2,294,864
b Gross sales price for all assets on line 6a 73,472,986
7 Capital gain net income (from Part IV, line 2)... 73,472,958
8 Net short-term capital gain......... 0
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).......      
12 Total. Add lines 1 through 11........ 73,959,277 73,959,249 486,291
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 507,631 0 0 507,631
14 Other employee salaries and wages...... 5,093,877 0 0 5,093,877
15 Pension plans, employee benefits....... 698,658 0 0 698,658
16a Legal fees (attach schedule)......... Click to see attachment 97,490 0 0 97,490
b Accounting fees (attach schedule)....... Click to see attachment 133,565 0 0 133,565
c Other professional fees (attach schedule).... Click to see attachment 6,315,994 0 0 6,315,994
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,161,862 0 0 941,862
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 1,700,064 0 0 1,700,064
21 Travel, conferences, and meetings....... 395,438 0 0 395,438
22 Printing and publications.......... 41,586 0 0 41,586
23 Other expenses (attach schedule)....... Click to see attachment 1,976,731 2,979 2,979 1,505,098
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,122,896 2,979 2,979 17,431,263
25 Contributions, gifts, grants paid....... 37,498,303 33,808,197
26 Total expenses and disbursements. Add lines 24 and 25 55,621,199 2,979 2,979 51,239,460
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 18,338,078
b Net investment income (if negative, enter -0-) 73,956,270
c Adjusted net income (if negative, enter -0-)... 483,312
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 60,585,510 76,859,526 76,859,526
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet444
Less: allowance for doubtful accounts bullet   5,145 444 444
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.......... 200,888 176,572 176,572
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet1,723,104
Less: accumulated depreciation (attach schedule) bullet234,584 520,698 1,488,520 1,488,520
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment113,759 Click to see attachment261,104 Click to see attachment261,104
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 61,426,000 78,786,166 78,786,166
Liabilities 17 Accounts payable and accrued expenses.......... 1,923,871 2,510,853
18 Grants payable................. 5,475,000 3,690,106
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment531,783 Click to see attachment751,783
23 Total liabilities (add lines 17 through 22)......... 7,930,654 6,952,742
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 500,448 2,239,286
25 Temporarily restricted............... 52,994,898 69,594,138
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 53,495,346 71,833,424
31 Total liabilities and net assets/fund balances (see instructions). 61,426,000 78,786,166
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 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
53,495,346
2
Enter amount from Part I, line 27a .....................
2
18,338,078
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
71,833,424
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 30 .
6
71,833,424
Form 990-PF (2018)
Form 990-PF (2018)
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 85,625 shares Paypal common stock   1996-05-20 2018-11-19
b 256,875 shares Paypal common stock   1996-05-20 2018-11-20
c 256,875 shares Paypal common stock   1996-05-20 2018-11-21
d 85,625 shares Paypal common stock   1996-05-20 2018-11-23
e 85,625 shares eBay common stock   1996-05-20 2018-11-20
256,875 shares eBay common stock   1996-05-20 2018-11-21
85,625 shares eBay common stock   1996-05-20 2018-11-23
256,875 shares eBay common stock   1996-05-20 2018-11-26
(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 6,869,916   2 6,869,914
b 19,966,501   5 19,966,496
c 20,325,890   5 20,325,885
d 6,730,169   2 6,730,167
e 2,406,676   2 2,406,674
7,326,695   5 7,326,690
2,450,833   2 2,450,831
7,396,306   5 7,396,301
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       6,869,914
b       19,966,496
c       20,325,885
d       6,730,167
e       2,406,674
      7,326,690
      2,450,831
      7,396,301
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 73,472,958
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 0
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))
2017 40,720,542 37,084,891 1.098036
2016 18,353,576 28,708,340 0.639312
2015 11,846,806 20,579,635 0.575657
2014 5,466,956 6,418,681 0.851726
2013      
2
Total of line 1, column (d) .....................
2
3.164731
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
0.791183
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
45,500,062
5
Multiply line 4 by line 3......................
5
35,998,876
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
739,563
7
Add lines 5 and 6........................
7
36,738,439
8
Enter qualifying distributions from Part XII, line 4,.............
8
51,239,460
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 (2018)
Form 990-PF (2018)
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 1 739,563
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........................... 3 739,563
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- ..... 5 739,563
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 16,884
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 760,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 776,884
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 37,321
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet37,321 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 changesClick to see attachment....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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
     
    No
    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)
    bulletDC, DE
    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 2018 or the taxable year beginning in 2018? 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 (2018)
    Form 990-PF (2018)
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.democracyfund.org
    14
    The books are in care ofbulletRobin Thompson Telephone no.bullet (202) 420-7943

    Located atbullet1200 17th St NW Ste 300WashingtonDC ZIP+4bullet20036
    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
    0
    16 At any time during calendar year 2018, 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
     
    No
    .........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). Click to see attachment
    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
    Pierre Omidyar Chairman
    0.75     		0 0 0
    720 University Ave Ste 200
    Los Gatos,CA95032
    Patricia Christen Director
    1.00     		0 0 0
    720 University Ave Ste 200
    Los Gatos,CA95032
    Joseph Goldman President & CEO
    33.00     		349,576 35,557 0
    1200 17th St NW Ste 300
    Washington,DC20036
    Sarah Steven Director
    1.00     		0 0 0
    720 University Ave Ste 200
    Los Gatos,CA95032
    Matthew Deakin Treasurer
    2.00     		0 0 0
    720 University Ave Ste 200
    Los Gatos,CA95032
    Isaiah Castilla Secretary & Senior Counsel
    37.00     		158,055 19,118 0
    1200 17th St NW Ste 300
    Washington,DC20036
    William Fitzpatrick Former Secretary & Director
    1.00     		0 0 0
    720 University Ave Ste 200
    Los Gatos,CA95032
    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
    Srikanth Gopal VP Strategy & Progra
    39.00     		255,836 31,228 0
    1200 17th St NW Ste 300
    Washington,DC20036
    Elisabeth Hawkings Managing Program Dir
    35.00     		236,641 16,237 0
    1200 17th St NW Ste 300
    Washington,DC20036
    Thomas Glaisyer Managing Program Dir
    39.00     		213,626 17,815 0
    1200 17th St NW Ste 300
    Washington,DC20036
    Adam Ambrogi Program Director
    39.00     		198,921 28,809 0
    1200 17th St NW Ste 300
    Washington,DC20036
    Margaret Yao Chief People Officer
    38.00     		201,824 22,758 0
    1200 17th St NW Ste 300
    Washington,DC20036
    Total number of other employees paid over $50,000...................bullet 41
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    SKDKnickerbocker LLC Consulting 555,411
    1150 18th Street NW Ste 800
    Washington,DC20036
    Williams Group Consulting 393,864
    70 Ionia Avenue SW Ste 200
    Grand Rapids,MI49503
    FSG Inc Consulting 365,177
    123 Mission Street FL8
    San Francisco,CA94105
    Organizational Research Services Consulting 243,436
    1100 Olive Way Ste 1350
    Seattle,WA98101
    Arabella Advisors LLC Consulting 220,290
    1201 Connecticut Ave NW Ste 300
    Washington,DC20036
    Total number of others receiving over $50,000 for professional services.............bullet36
    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 Modern Elections & Money in Politics ProgramThrough the Modern Elections & Money in Politics Program, Democracy Fund supports research, promotes dialogue, and highlights ways to improve elections administration and campaign finance. Democracy Fund's aim is to foster a pro-voter election system that serves the needs of the American people and boldly advances the will of voters. We aim to reduce barriers to voting, improve security and trustworthiness of election administration, and reduce the dependency of our leaders on special financial interests. 3,068,072
    2 Vibrant Media & Public Square ProgramThrough the Vibrant Media & Public Square Program, Democracy Fund supports innovations and institutions that are reinventing local media and expanding the public square to ensure that people can access diverse sources of information and different points of view. We seek to support media models that serve the needs and preferences of communities today. We support efforts to combat misinformation, protect press freedom, and ensure newsrooms are as diverse as the communities they serve. 3,155,881
    3 The Principled Leadership & Governance ProgramThrough the Principled Leadership & Governance Program, Democracy Fund works to foster better, more trusting relationships among political leaders to increase their capacity to work together to solve problems. Through collaboration, trainings, and new technology, we seek to create new incentives and tools that help leaders work together. We support efforts to ensure Congress and its staff are as diverse as America and to engage faith leaders in critical conversations about democracy. 1,986,459
    4 Special ProjectsThrough our Special Projects, Democracy Found works to: strengthen investigative journalism and defend the role of a robust, free press in our public square; foster a just and inclusive society and protect those Americans whose civil rights and safety appear to be endangered in this emerging landscape; and ensure government accountability and protect our system of checks and balances. 689,750
    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 (2018)
    Form 990-PF (2018)
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    44,266,316
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,926,640
    d
    Total (add lines 1a, b, and c).........................
    1d
    46,192,956
    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
    46,192,956
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    692,894
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    45,500,062
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,275,003
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
     
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    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
    51,239,460
    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
    51,239,460
    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
    739,563
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    50,499,897
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$  
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2018.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		 
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, enter the date of the ruling....... bullet
    2014-02-11
    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) 2018 (b) 2017 (c) 2016 (d) 2015
    483,312 138,873 7,036 3,440 632,661
    b 85% of line 2a ......... 410,815 118,042 5,981 2,924 537,762
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		51,239,460 41,251,880 18,353,576 12,256,885 123,101,801
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		33,758,197 28,469,350 12,118,125 8,888,250 83,233,922
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		17,481,263 12,782,530 6,235,451 3,368,635 39,867,879
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		1,516,669 1,236,163 956,945 685,988 4,395,765
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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).)
    Pierre Omidyar
    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 (2018)
    Form 990-PF (2018)
    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
    American Press Institute
    4401 Wilson Boulevard Ste 900
    Arlington,VA22203     		N/A SO I Program support for the Trusting News project 150,000
    American Press Institute
    4401 Wilson Boulevard Ste 900
    Arlington,VA22203     		N/A SO I General support 200,000
    American Press Institute
    4401 Wilson Boulevard Ste 900
    Arlington,VA22203     		N/A SO I Program support for research on political information in a healthy democracy 50,000
    American University
    4400 Massachusetts Avenue NW
    Washington,DC20016     		N/A PC Program support for Investigative Reporting Workshop 250,000
    Asian Americans Advancing Justice - Asian Law Caucus
    55 Columbus Avenue
    San Francisco,CA94111     		N/A PC Program support for education and legal services for MASA communities 200,000
    Bipartisan Policy Center Inc
    1225 Eye Street NW
    Washington,DC20005     		N/A PC Program support for research and education to build Congressional capacity 650,000
    Bipartisan Policy Center Inc
    1225 Eye Street NW
    Washington,DC20005     		N/A PC Program support for research and education around election administration 400,000
    Board of Regents of the University of Wisconsin System
    780 Regent Street
    Madison,WI53706     		N/A PC Program support for Project DATA 280,000
    Business Forward Foundation
    1155 Connecticut Avenue NW Ste 1000
    Washington,DC20036     		N/A PC Program support to engage business leaders in creating inclusive communities 170,000
    Business Forward Foundation
    1155 Connecticut Avenue NW Ste 1000
    Washington,DC20036     		N/A PC Program support for protecting the courts project 75,000
    California State University Northridge Foundation
    18111 Nordhoff Street
    Northridge,CA91330     		N/A PC Program support for ethnic media work 70,000
    Center for Civic Design Inc
    5443 Tates Bank Road
    Cambridge,MD21613     		N/A PC General support 150,000
    Center for Democracy and Technology
    1401 K Street NW Suite 200
    Washington,DC20005     		N/A PC Program support for election privacy and security project 100,000
    Center for Election Innovation & Research
    1120 Connecticut Ave NW Ste 1040
    Washington,DC20036     		N/A PC General support 250,000
    Center for Internet Security Inc
    31 Tech Valley Drive Ste 2
    East Greenbush,NY12061     		N/A PC Program support for elections infrastructure security research and trainings 213,000
    Center for Public Integrity
    910 17th Street NW Ste 700
    Washington,DC20006     		N/A PC General support 1,500,000
    Center for Responsive Politics
    1101 14th Street NW Suite 1030
    Washington,DC20005     		N/A PC Program support for the Foreign Lobby Watch Project 100,000
    Center for Strategic and International Studies Inc
    1616 Rhode Island Avenue NW
    Washington,DC20003     		N/A PC Program support for assessing threats to the U.S. judicial system 150,000
    Center for Technology and Civic Life
    233 North Michigan Avenue Ste 1800
    Chicago,IL60601     		N/A PC General support 250,000
    Chalkbeat Inc
    1239 Broadway 703B
    New York,NY10001     		N/A PC General support 250,000
    Chicago Lawyers' Committee for Civil Rights Under Law
    100 North LaSalle Street Ste 600
    Chicago,IL60602     		N/A PC Program support for evaluation of Illinois automatic voter registration 100,000
    City Bureau NFP
    6100 South Blackstone Avenue
    Chicago,IL60637     		N/A PC General support 200,000
    College to Congress
    810 7th Street NE
    Washington,DC20002     		N/A PC General support 100,000
    Committee for a Responsible Federal Budget
    1899 L Street NW Ste 225
    Washington,DC20036     		N/A PC Program support for government transparency and fact checking project 50,000
    Common Cause Education Fund
    1133 19th Street NW 9th Floor
    Washington,DC20036     		N/A PC General support 450,000
    Common Cause Education Fund
    1133 19th Street NW 9th Floor
    Washington,DC20036     		N/A PC Program support for nonpartisan research on automatic voter registration 50,000
    Community Foundation of New Jersey
    35 Knox Hill Road
    Morristown,NJ07963     		N/A PC Program support for the New Jersey news ecosystem project 650,000
    Community Partners
    1000 North Alameda Street Ste 240
    Los Angeles,CA90012     		N/A PC Program support for the Future of California Elections project 75,000
    Community Partners
    1000 North Alameda Street Ste 240
    Los Angeles,CA90012     		N/A PC Program support for Open News' Local Coder Cohort 150,000
    Congressional Management Foundation
    216 7th Street SE 2nd Floor
    Washington,DC20003     		N/A PC General support 250,000
    Congressional Sports for Charity
    104 Hume Avenue
    Alexandria,VA22301     		N/A PC Program support for Congressional baseball game 50,000
    Convergence Center for Policy Resolution
    1133 19th Street NW Ste 410
    Washington,DC20036     		N/A PC Program support to increase Congressional effectiveness 100,000
    Craig Newmark Graduate School of Journalism CUNY Foundation Inc
    219 West 40th Street
    New York,NY10018     		N/A PC Program support for the Center for Community and Ethnic Media 111,000
    Demos A Network for Ideas and Action LTD
    220 Fifth Avenue 2nd Floor
    New York,NY10001     		N/A PC Program support for Motor Voter compliance project 250,000
    E Pluribus Unum Foundation Inc
    513 3rd Avenue
    Nashville,TN37210     		N/A PC General support 50,000
    Edward M Kennedy Institute for the United States Senate Inc
    210 Morrissey Boulevard
    Boston,MA02125     		N/A PC Program support for development of strategic plan for collaboration on civic education 75,000
    Emma L Bowen Foundation for Minority Interests in Media
    30 Rockefeller Plaza 28A42
    New York,NY10112     		N/A PC Program support for diversity in media internship program 250,000
    Ethics and Public Policy Center Inc
    1730 M Street NW Suite 910
    Washington,DC20036     		N/A PC Program support for the Faith Angle Forum 62,500
    Ethics and Religious Liberty Commission of the Southern Baptist Convention
    901 Commerce Street Ste 500
    Nashville,TN37203     		N/A PC Program support for MLK50 Conference 50,000
    Fair Elections Center
    1825 K Street NW
    Washington,DC20006     		N/A PC Program support for workelections.com 75,000
    Faith and Politics Institute
    110 Maryland Avenue NE Ste 504
    Washington,DC20002     		N/A PC General support 125,000
    Faith in Public Life Inc
    1990 M Street NW 740
    Washington,DC20036     		N/A PC Program support for building networks among faith leaders and MASA communities 150,000
    Field Foundation of Illinois
    200 South Wacker Drive Ste 3860
    Chicago,IL60606     		N/A PF Program support for Chicago Local News Field Fund 200,000
    Free Press
    1025 Connecticut Avenue NW Ste 1110
    Washington,DC20036     		N/A PC Program support for the News Voices project 300,000
    Fund for Constitutional Government
    122 Maryland Ave NE
    Washington,DC20002     		N/A PC Program support for Open the Government coalition 250,000
    George Washington University
    2115 G Street NW Suite 440
    Washington,DC20052     		N/A PC Program support for The Monkey Cage 100,000
    Georgetown University
    3700 O Street NW
    Washington,DC20057     		N/A PC Program support for the Resilient Democracy Coalition 190,000
    Georgetown University
    3700 O Street NW
    Washington,DC20057     		N/A PC Program support for Initiative on Catholic Social Thought and Public Life 25,000
    Georgetown University
    3700 O Street NW
    Washington,DC20057     		N/A PC Program support for the Institute for Constitutional Advocacy and Protection 200,000
    Government Accountability Project
    1612 K Street NW Suite 1100
    Washington,DC20006     		N/A PC Program support for whistleblower education 200,000
    Hopewell Fund
    1201 Connecticut Avenue NW Suite
    300
    Washington,DC20036     		N/A PC Program support for Over Zero 100,000
    Human Rights First
    805 15th Street NW Suite 900
    Washington,DC20005     		N/A PC Program support for Veterans for American Ideals project 150,000
    iCivics Inc
    1035 Cambridge Street Suite 21B
    Cambridge,MA02141     		N/A PC Program support for development of strategic plan for collaboration on civic education 57,000
    iCivics Inc
    1035 Cambridge Street Suite 21B
    Cambridge,MA02141     		N/A PC Program support for development of strategic plan for collaboration on civic education 75,000
    Immigrant Legal Resource Center
    1458 Howard Street
    San Francisco,CA94103     		N/A PC Program support for the New Americans Campaign 250,000
    Institute for Nonprofit News
    714 West Olympic Boulevard 931
    Los Angeles,CA90015     		N/A PC General support 300,000
    Institute for Nonprofit News
    714 West Olympic Boulevard Ste 650
    Los Angeles,CA90015     		N/A PC Program support for the News Revenue Hub 50,000
    Institute for Nonprofit News
    714 West Olympic Boulevard Ste 650
    Los Angeles,CA90015     		N/A PC Program support for the American Journalism Project 200,000
    Institute for Social Policy and Understanding
    1110 Vermont Avenue NW Ste 500
    Washington,DC20005     		N/A PC General support 100,000
    Internews
    1133 Fifteenth Street Ste 350
    Washington,DC20005     		N/A PC Program support for the Listening Post Collective 100,000
    Islamic Society of North America
    6555 South County Road 750 E
    Plainfield,IN46168     		N/A PC Program support for Shoulder to Shoulder Islamophobia trainings 40,000
    Issue One
    1401 K Street NW Suite 350
    Washington,DC20005     		N/A PC Program support for the Ethics and Accountability Project 200,000
    Issue One
    1401 K Street NW Suite 350
    Washington,DC20005     		N/A PC General support 200,000
    Jefferson Center for New Democratic Processes
    332 Minnesota Street Suite W1360
    Saint Paul,MN55101     		N/A PC Program support for the Your Voice Ohio project 100,000
    John Fitzgerald Kennedy Library Foundation Inc
    Columbia Point
    Boston,MA02125     		N/A PC Program support for development of strategic plan for collaboration on civic education 43,000
    Journalism & Women Symposium
    2885 Sanford Avenue SW 29226
    Grandville,MI49418     		N/A PC General support 80,000
    Kartemquin Educational Films
    1901 West Wellington Avenue
    Chicago,IL60657     		N/A PC Program support for Represent, an educational film 20,000
    Lawfare Institute
    4401 Brandywine Street NW
    Washington,DC20016     		N/A PC Capacity support for video and podcast production 25,000
    Lawyer's Committee for Civil Rights Under Law
    1401 New York Avenue NW Ste 400
    Washington,DC20005     		N/A PC General support 100,000
    League of Women Voters Education Fund
    1730 M Street NW Suite 910
    Washington,DC20036     		N/A PC Program support for Transformation Roadmap implementation 260,000
    Library of Congress
    101 Independence Avenue SE
    Washington,DC20540     		N/A GOV Program support for Congressional Research Service seminars and trainings 150,000
    Lincoln Network Inc
    10826 Greater Hills Street
    Raleigh,NC27614     		N/A PC Program support for technology resources for Congress 25,000
    Marshall-Wythe School of Law Foundation
    613 South Henry Street
    Williamsburg,VA23185     		N/A PC Program support for Election Law Program 200,000
    Massachusetts Institute of Technology
    30 Wadsworth Street Room 470
    Cambridge,MA02142     		N/A PC Program support for Election Data and Science Lab 200,000
    Millions of Conversations Inc
    513 3rd Avenue S
    Nashville,TN37210     		N/A PC General support 250,000
    MOAA Military Family Initiative
    201 North Washington Street
    Alexandria,VA22314     		N/A PC Program support for the Military Voter Registration Project 250,000
    Montclair State University Foundation Inc
    1 Normal Avenue
    Montclair,NJ07043     		N/A PC Program support for Center for Cooperative Media 250,000
    Mozilla Foundation
    650 Castro Street Ste 300
    Mountain View,CA94041     		N/A PC Program support for the Coral Project 200,000
    MuckRock Foundation Inc
    1151 Massachusetts Avenue
    Cambridge,MA02138     		N/A PC General support 100,000
    NAACP Legal Defense and Educational Fund
    40 Rector Street 5th Floor
    New York,NY10006     		N/A PC Program support for the Policing Reform Campaign 200,000
    NALEO Educational Fund
    1122 West Washington Boulevard 3rd
    Floor
    Los Angeles,CA90015     		N/A PC Program support for ensuring diversity in Congressional staff and promoting civility 100,000
    National Affairs Inc
    1730 M Street NW Suite 910
    Washington,DC20036     		N/A PC Program support for event series promoting democratic institutions and the rule of law 100,000
    National Conference of State Legislatures
    7700 East First Place
    Denver,CO80230     		N/A GOV Program support for research on election administration 140,000
    National Disability Rights Network Inc
    820 1st Street NE Ste 740
    Washington,DC20002     		N/A PC Program support for voter disability access and rights awareness 150,000
    National Governors Association Center for Best Practices
    444 North Capitol Street Suite 267
    Washington,DC20001     		N/A PC Program support for election security governance project 200,000
    National Immigration Law Center
    3435 Wilshire Boulevard Ste 1600
    Los Angeles,CA90010     		N/A PC Program support for litigation and legal services 200,000
    National Press Photographers Foundation Inc
    1175 Huntover Court
    McLean,VA22102     		N/A PC General support 10,000
    National Security Archive Fund Inc
    2130 H Street NW Suite 701
    Washington,DC20052     		N/A PC General support 100,000
    New America Foundation
    740 15th Street NW Suite 900
    Washington,DC20005     		N/A PC Program support for TechCongress initiative 100,000
    New America Foundation
    740 15th Street NW Suite 900
    Washington,DC20005     		N/A PC Program support for Political Reform Project 125,000
    New Venture Fund
    1201 Connecticut Avenue NW Suite
    300
    Washington,DC20036     		N/A PC Program support for the Civic Engagement and Elections Research Collaborative Fund 100,000
    New Venture Fund
    1201 Connecticut Avenue NW Suite
    300
    Washington,DC20036     		N/A PC Program support for the Pluribus Project 100,000
    New Venture Fund
    1201 Connecticut Avenue NW Suite
    300
    Washington,DC20036     		N/A PC Program support for Media Democracy Fund 300,000
    New Venture Fund
    1201 Connecticut Avenue NW Suite
    300
    Washington,DC20036     		N/A PC Program support for the Center for Secure and Modern Elections 100,000
    New Venture Fund
    1201 Connecticut Avenue NW Suite
    300
    Washington,DC20036     		N/A PC Program support for 2020 Census Project 200,000
    New York University
    25 West 4th Street 4th Floor
    New York,NY10012     		N/A PC Program support for GovLab's Congressional CrowdLaw project 151,800
    New York University
    25 West 4th Street 4th Floor
    New York,NY10012     		N/A PC Program support for the Membership Puzzle Project 250,000
    News Revenue Hub
    110 West A Street Ste 650
    San Diego,CA92101     		N/A PC General support 370,000
    Nonprofit Vote
    2464 Massachusetts Avenue Suite 210
    Cambridge,MA02140     		N/A PC Program support for National Voter Registration Day 75,000
    North Carolina Community Foundation Inc
    3737 Glenwood Avenue Ste 460 Ste
    524
    Raleigh,NC27612     		N/A PC Program support for the North Carolina Local News Lab Fund 250,000
    Online News Association
    1111 North Capitol Street NE 6th
    Floor
    Washington,DC20002     		N/A PC Program support for the Challenge Fund for Innovation in Journalism 250,000
    Outlier Media a project of Investigative Reporters and Editors
    141 Neff Annex
    Columbia,MO65211     		N/A NC Program support for Outlier Media's service journalism project 100,000
    Partnership for Public Service Inc
    1100 New York Avenue NW Ste 200
    East
    Washington,DC20005     		N/A PC General support 100,000
    PEN American Center Inc
    588 Broadway Ste 303
    New York,NY10012     		N/A PC Program support for the Press Freedom Initiative Fund 125,000
    Philanthropy for Active Civic Engagement
    1717 Rhode Island Avenue NW Ste 700
    Washington,DC20036     		N/A PC Program support for Faith In/And Democracy's engagement of faith leaders and communities 100,000
    Pillars Fund
    171 North Aberdeen Street Suite 400
    Chicago,IL60607     		N/A PC Program support for project to counter Islamophobia through narrative change 150,000
    Poynter Institute for Media Studies Inc
    801 Third Street South
    St Petersburg,FL33701     		N/A PC Capacity support for strategic planning for the Local Independent Online News Publishers project 25,000
    Poynter Institute for Media Studies Inc
    801 Third Street South
    St Petersburg,FL33701     		N/A PC Program support for independent fact checking 200,000
    Poynter Institute for Media Studies Inc
    801 Third Street South
    St Petersburg,FL33701     		N/A PC Program support for libel and defamation e-learning course 130,000
    Pro Publica Inc
    155 Avenue of the Americas 13th
    Floor
    New York,NY10013     		N/A PC General support 1,500,000
    Protect Democracy Project
    2020 Pennsylvania Avenue NW Ste 163
    Washington,DC20006     		N/A PC General support 500,000
    Proteus Fund
    15 Research Drive Suite B
    Amherst,MA01002     		N/A PC Program support for the Security and Rights Collaborative 300,000
    R Street Institute
    1212 New York Avenue NW Ste 900
    Washington,DC20005     		N/A PC General support 365,000
    Reed Institute
    3203 SE Woodstock Boulevard
    Portland,OR97202     		N/A PC Program support for the Cooperative Congressional Election Study 30,250
    Reporters Committee for Freedom of the Press
    1156 15th Street NW Ste 1250
    Washington,DC20005     		N/A PC General support 400,000
    ReThink Media Inc
    2039 Shattuck Avenue Suite 40
    Berkeley,CA94704     		N/A PC Program support for the Security and Rights Collaborative's communications work 100,000
    ReThink Media Inc
    2039 Shattuck Avenue Suite 40
    Berkeley,CA94704     		N/A PC Program support for the Democracy Collaborative's communication efforts 250,000
    Robert C Maynard Institute for Journalism Education
    2323 Broadway
    Oakland,CA94612     		N/A PC General support 300,000
    Santa Fe Community Foundation
    501 Halona Street
    Santa Fe,NM87505     		N/A PC Program support for the New Mexico Local News Lab Fund 400,000
    Silicon Valley Community Foundation
    2440 West El Camino Real
    Mountain View,CA94040     		N/A PC Program support for ReflectUS 183,500
    Silicon Valley Community Foundation
    2440 West El Camino Real
    Mountain View,CA94040     		N/A PC Program support for the Women Influencers Network 90,000
    Social Science Research Council
    300 Cadman Plaza West 15th Floor
    Brooklyn,NY11201     		N/A PC Program support for the Digital Disinformation Research and Mapping Project 100,000
    Social Science Research Council
    300 Cadman Plaza West 15th Floor
    Brooklyn,NY11201     		N/A PC Program support for the Social Data Initiative 150,000
    Sojourners
    408 C Street NE
    Washington,DC20002     		N/A PC Program support for Matthew 25 Initiative 75,000
    Solutions Journalism Network
    79 Madison Avenue 2nd Floor 224
    New York,NY10016     		N/A PC General support 150,000
    Take Back Our Republic Inc
    246 East Glenn Avneue
    Auburn,AL36830     		N/A PC General support 350,000
    Take The Lead Inc
    322 West 57th Street Ste 45M
    New York,NY10019     		N/A PC Program support for "50 Women Can Change the World in Journalism" 50,000
    Texas Civil Rights Project
    1405 Montopolis Drive Michael Tigar
    Human Rights Center
    Austin,TX78741     		N/A PC Program support for Motor Voter and High School compliance project 390,000
    Texas Civil Rights Project
    1405 Montopolis Drive Michael Tigar
    Human Rights Center
    Austin,TX78741     		N/A PC Capacity support for executive coaching and management training 20,000
    The Aspen Institute Inc
    2300 North Street NW 700
    Washington,DC20037     		N/A PC Program support for the Rodel Fellowships in Public Leadership 125,000
    The Aspen Institute Inc
    2300 North Street NW 700
    Washington,DC20037     		N/A PC Program support for the Socrates project 100,000
    The Aspen Institute Inc
    2300 North Street NW 700
    Washington,DC20037     		N/A PC Program support for Aspen Congressional Program 150,000
    The Brookings Institution
    1775 Massachusetts Avenue NW
    Washington,DC20036     		N/A PC Program support for nonpartisan research on primary elections 100,000
    The Brookings Institution
    1775 Massachusetts Avenue NW
    Washington,DC20036     		N/A PC Program support for Lawfare 100,000
    The Campaign Legal Center Inc
    1411 K Street NW Ste 1400
    Washington,DC20005     		N/A PC General support 325,000
    The Center for Investigative Reporting Inc
    1400 65th Street Suite 200
    Emeryville,CA94608     		N/A PC General support 1,500,000
    The Council of State Governments
    1776 Avenue of the States
    Lexington,KY40511     		N/A PC Program support for election cybersecurity working group 225,000
    The German Marshall Fund of the United States
    1744 R Street NW
    Washington,DC20009     		N/A PC Program support for the Alliance for Securing Democracy project 300,000
    The German Marshall Fund of the United States
    1744 R Street NW
    Washington,DC20009     		N/A PC Program support for Digital Democracy Project 300,000
    The Joint Center for Political and Economic Studies
    633 Pennsylvania Avenue NW
    Washington,DC20004     		N/A PC Program support for the Black Talent Initiative 150,000
    The Lugar Center
    1455 Pennsylvania Avenue Ste 1125
    Washington,DC20004     		N/A PC General support 100,000
    The Miami Foundation Inc
    40 NW 3rd Street suite 305
    Miami,FL33128     		N/A PC Program support for NewsMatch 2018 950,000
    The Miami Foundation Inc
    40 NW 3rd Street Suite 305
    Miami,FL33128     		N/A PC Program support for Legal Clinic Fund 400,000
    The Niskanen Center Inc
    820 First Street NE Suite 675
    Washington,DC20002     		N/A PC General support 100,000
    The Obsidian Collection Archives
    5417 South Michigan Avenue
    Chicago,IL60615     		N/A PC General support 185,000
    The OpenGov Foundation
    1875 Connecticut Avenue NW 10th
    Floor
    Washington,DC20009     		N/A PC General support 125,000
    The Participatory Budgeting Project Inc
    33 Flatbush Avenue 4th Floor
    Brooklyn,NY11217     		N/A PC General support 200,000
    The Pew Charitable Trusts
    1615 L Street NW Suite 800
    Washington,DC20036     		N/A PC Program support for House Chiefs of Staff initiative 75,000
    The Pew Research Center
    901 E Street NW
    Washington,DC20004     		N/A PC Program support for elections survey 150,000
    The Project on Government Oversight Inc
    1100 G Street NW Suite 500
    Washington,DC20005     		N/A PC General support 1,000,000
    The Project on Government Oversight Inc
    1100 G Street NW Suite 500
    Washington,DC20005     		N/A PC Program support for The Constitution Project 125,000
    The Rector and Visitors of the University of Virginia
    210 Sprigg Lane
    Charlottesville,VA22903     		N/A PC Program support for technical advising on ASNE Diversity Survey 45,000
    The Rector and Visitors of the University of Virginia
    210 Sprigg Lane
    Charlottesville,VA22903     		N/A PC Program support for Center for Effective Lawmaking 75,000
    The University of Texas at Austin
    1 University Station A1105
    Austin,TX78712     		N/A GOV Program support for research about trust in elections 99,985
    The University of Texas at Austin
    1 University Station A1105
    Austin,TX78712     		N/A GOV Program support for the Engaging News Project 300,000
    ThinkTennessee
    414 Union Street Suite 1900
    Nashville,TN37219     		N/A PC Program support for education about voter registration modernization in Tennessee 90,739
    Tides Foundation
    1012 Torney Avenue Ste 222
    San Francisco,CA94129     		N/A PC Program support for POPVOX LegiDash Fund 100,000
    Trinity Forum Inc
    1000 Vermont Avenue NW Suite 900
    Washington,DC20005     		N/A PC Program support for research on role of Christian leaders in political life 110,000
    Trustees of Columbia University in City of NY
    729 Seventh Avenue
    New York,NY10019     		N/A PC Program support for Columbia Journalism Review's United States Project -4,538
    Trustees of Tufts College
    169 Holland Street
    Somerville,MA02144     		N/A PC Program support for research on youth electoral participation 100,000
    University of Arizona Foundation
    1111 North Cherry Avenue
    Tucson,AZ85721     		N/A PC Program support for the National Institute for Civil Discourse 250,000
    University of Chicago
    5801 South Ellis Avenue
    Chicago,IL60637     		N/A PC Program support for Bright Line Watch 90,000
    University of Chicago
    5801 South Ellis Avenue
    Chicago,IL60637     		N/A PC Program support for the Project on Political Reform 50,000
    University of Chicago
    5801 South Ellis Avenue
    Chicago,IL60637     		N/A PC Program support for the Project on Political Reform 140,000
    University of Oregon Foundation
    1585 East 13th Avenue
    Eugene,OR97403     		N/A PC Program support for the Agora Journalism Center to provide journalism engagement tools 100,000
    University System of New Hampshire
    73 Main Street Huddleston Hall
    Durham,NC03824     		N/A PC Program support to pilot digital hearings to better engage constituents 40,000
    URI Foundation & Alumni Engagement
    79 Upper College Road
    Kingston,RI02881     		N/A PC Program support for analysis of polling place efficacy 99,961
    Wayne State University
    656 West Kirby 4200 Faculty/Adminis
    ration Building
    Detroit,MI48202     		N/A PC Program support for the Levin Center's research on Congressional oversight 75,000
    William J Brennan Center for Justice Inc
    120 Broadway Suite 1750
    New York,NY10271     		N/A PC Program support for research on executive branch powers 175,000
    Women's Policy Inc
    409 12th Street SW Ste 702
    Washington,DC20024     		N/A PC General support 330,000
    Yale University
    157 Church Street
    New Haven,CT06510     		N/A PC Program support for the Media Freedom and Information Access Clinic 130,000
    Total .................................bullet 3a 33,808,197
    bApproved for future payment
    Bipartisan Policy Center Inc
    1225 Eye Street NW
    Washington,DC20005     		N/A PC Program support for research and education around election administration 25,000
    Center for American Progress
    1333 H Street NW 10th Floor
    Washington,DC20005     		N/A PC Program support for research on generational change and democracy 125,000
    Democracy Works Inc
    20 Jay Street Suite 824
    Brooklyn,NY11201     		N/A PC General support 350,000
    Duke University
    2200 West Main Street Suite 710
    Durham,NC27705     		N/A PC Program support for the News Measures Research Project 120,000
    Former Members of Congress Inc
    1401 K Street NW Suite 503
    Washington,DC20002     		N/A PC General support 175,000
    Georgetown University
    3700 O Street NW
    Washington,DC20057     		N/A PC Program support for Institute of Politics and Public Service Dialogue and Dine series 25,000
    Kennesaw State University Research and Service Foundation Inc
    1000 Chastain Road
    Kennesaw,GA30144     		N/A SO I Program support for the Georgia News Lab 100,000
    Lincoln Network Inc
    10826 Greater Hills Street
    Raleigh,NC27614     		N/A PC Program support for technology resources for Congress 75,000
    Morgan State University Foundation Inc
    1700 East Cold Spring Lane
    Baltimore,MD21251     		N/A PC Program support for the Morgan Initiative 125,000
    National Association of Black Journalists
    1100 Knight Hall Suite 3100
    College Park,MD20742     		N/A PC Capacity support for operations management 100,000
    National Issues Forum Institute
    100 Commons Road
    Dayton,OH45459     		N/A PF Program support for Connecting to Congress project 20,000
    NEO Philanthropy
    45 West 36th Street 6th Floor
    New York,NY10018     		N/A PC Program support for Movement Law Lab 120,000
    New Venture Fund
    1201 Connecticut Avenue NW Suite
    300
    Washington,DC20036     		N/A PC Program support for 2020 Census Project 550,000
    New Venture Fund
    1201 Connecticut Avenue NW Suite
    300
    Washington,DC20036     		N/A PC Program support for The Trust Project 300,000
    New Venture Fund
    1201 Connecticut Avenue NW Suite
    300
    Washington,DC20036     		N/A PC Program support for the Demand Progress Legislative Capacity Project 100,000
    New York University
    25 West 4th Street 4th Floor
    New York,NY10012     		N/A PC Program support for research on misinformation and social media platforms 44,440
    Northeastern University
    360 Huntington Avenue
    Boston,MA02115     		N/A PC Program support for research around the role of misinformation on social media platforms 40,000
    One Voice Inc
    1072 JR Lynch Street
    Jackson,MS39203     		N/A PC Program support for education about voter registration modernization in Mississippi 100,000
    President and Fellows of Harvard College
    1033 Massachusetts Avenue 5th Floor
    Cambridge,MA02138     		N/A PC Program support for the Belfer Center's Defending Digital Democracy Project 100,000
    President and Fellows of Harvard College
    1033 Massachusetts Avenue 5th Floor
    Cambridge,MA02138     		N/A PC Program support for the Ida B. Wells Society of Investigative Reporting 100,000
    President and Fellows of Harvard College
    1033 Massachusetts Avenue 5th Floor
    Cambridge,MA02138     		N/a PC Program support for the Ash Center for Democratic Governance and Innovation 100,000
    Proteus Fund
    15 Research Drive Suite B
    Amherst,MA01002     		N/A PC Program support for the Security and Rights Collaborative 100,000
    ReflectUs
    C/O Ignite 510 16th Street
    Oakland,CA94612     		N/A PC Program support for ReflectUs 250,000
    Rutgers The State University of New Jersey
    311 North 5th Street
    Camden,NJ08102     		N/A PC Program support for platform accountability research 59,208
    The Congressional Institute Inc
    1700 Diagonal Road Suite 730
    Alexandria,VA22314     		N/A NC Program support for the Congressional Reform Project 150,000
    The Ohio State University
    901 Woody Hayes Drive
    Columbus,OH43210     		N/A GOV Program support for Connecting to Congress project 180,000
    The Trustees of the University of Pennsylvania
    202 South 36th Street
    Philadelphia,PA19104     		N/A PC Program support for the Center for High Impact Philanthropy 71,500
    The University of Texas at Austin
    1 University Station A1105
    Austin,TX78712     		N/A GOV Program support for the Engaging News Project 34,958
    Yale University
    157 Church Street
    New Haven,CT06510     		N/A PC Program support for research on digital outage 50,000
    Total .................................bullet 3b 3,690,106
    Form 990-PF (2018)
    Form 990-PF (2018)
    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....     14 486,291  
    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 ............     		    18 -2,294,864  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 -1,808,573 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -1,808,573
    (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 (2018)
    Form 990-PF (2018)
    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)
    Yes
     
    (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
    Yes
     
    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
    1b(4) 88,904 Democracy Fund Voice Inc Reimbursement of shared expenses
    1c 370,569 Democracy Fund Voice Inc Shared paid employees
    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
    Democracy Fund Voice Inc 501 (c) (4) Common Director - Pierre Omidyar
    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 (2018)
    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
    2018
    Name of the organization
    Democracy Fund Inc
     
    Employer identification number

    38-3926408
    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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    Democracy Fund Inc
          		Employer identification number
    38-3926408
    Part I
    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
    Pierre M Omidyar Trust
     
    720 University Avenue Ste 200
     
    Los Gatos, CA95032

    		$ 19,224,525


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Pierre M Omidyar Trust
     
    720 University Avenue Ste 200
     
    Los Gatos, CA95032

    		$ 56,543,325


    (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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    Democracy Fund Inc
          		Employer identification number

    38-3926408
    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
    1
    		 685,000 shares of eBay Inc common stock $ 19,224,525 2018-11-19
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 685,000 shares of Paypal Inc stock $ 56,543,325 2018-11-19
    (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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    Democracy Fund Inc
          		Employer identification number

    38-3926408
    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) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    Democracy Fund Inc
    EIN:
    38-3926408
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Administration 83,565 0 0 83,565
    Accounting and Auditing 50,000 0 0 50,000

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

    TY 2018 ExpenditureResponsibilityStmt
    Name:
    Democracy Fund Inc
    EIN:
    38-3926408
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    The Congressional Institute Inc
          		1700 Diagonal Road Suite 730
    Alexandria,VA22314     		2017-12-01 300,000 Program support for the Congressional Reform Program 133,278 No January 2018, November 2018   N/A
    Field Foundation of Illinois
          		200 South Wacker Drive Suite 3860
    Chicago,IL60606     		2018-12-01 200,000 Program support for Chicago Local News Field Fund 2,500 No January 2019   N/A
    National Issues Forum Institute
          		100 Commons Road
    Dayton,OH45459     		2018-12-01 20,000 Program support for Connecting to Congress project 0 No January 2019   N/A
    Outlier Media a project of Investigative Reporters and Editors Inc
          		141 Neff Annex
    Columbia,MO65211     		2018-12-01 100,000 Program support for Outlier Media's service journalism project 20,000 No January 2019   N/A

    TY 2018 GeneralExplanationAttachment
    Name:
    Democracy Fund Inc
    EIN:
    38-3926408
    Identifier Return Reference Explanation
    In-Kind Services Form 990-PF, PART VII-B, LINE 1a(3) During the period ended December 31, 2018, affiliated entities and related parties provided in-kind services of financial manager fees of $100,000. These contributed services were valued at $100,000 but were not recorded on Form 990-PF.

    TY 2018 LegalFeesSchedule
    Name:
    Democracy Fund Inc
    EIN:
    38-3926408
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 97,490 0 0 97,490


    TY 2018 OtherAssetsSchedule
    Name:
    Democracy Fund Inc
    EIN:
    38-3926408
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Deposits 295 295 295
    Due from Affiliates 110,672 259,618 259,618
    Employee Advances 2,792 1,191 1,191


    TY 2018 OtherExpensesSchedule
    Name:
    Democracy Fund Inc
    EIN:
    38-3926408
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Conference sponsorships 421,205 0 0 421,205
    External Events 748,420 0 0 748,420
    Hosted events - Internal 61,316 0 0 61,316
    Professional development 212,925 0 0 212,925
    Software 177,361 0 0 177,361
    Accrual to cash adjustment 0 0 0 -468,654
    Other Expenses 313,808 0 0 313,808
    Matching Gifts 38,717 0 0 38,717
    Bank Fees 2,979 2,979 2,979 0


    TY 2018 OtherLiabilitiesSchedule
    Name:
    Democracy Fund Inc
    EIN:
    38-3926408
    Description Beginning of Year - Book Value End of Year - Book Value
    Federal excise tax payable 531,783 751,783


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    Democracy Fund Inc
    EIN:
    38-3926408
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Consultants 5,868,914 0 0 5,868,914
    Contracted Services 447,080 0 0 447,080


    TY 2018 TaxesSchedule
    Name:
    Democracy Fund Inc
    EIN:
    38-3926408
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal Excise Taxes 767,000 0 0 547,000
    Payroll Taxes 394,862 0 0 394,862