Form990-PF

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 07-01-2018 , and ending 06-30-2019
Name of foundation
THE SPERRY FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)99 PARK AVENUE NO 2220
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100161601
A Employer identification number

13-6114308
B Telephone number (see instructions)

(212) 370-1165
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$17,548,763J Accounting method:
Modified Cash
(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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 6,848 6,848  
4 Dividends and interest from securities... 308,537 304,314  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 346,346
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 344,237
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 106,336 116,233  
12 Total. Add lines 1 through 11........ 768,067 771,632  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 4,000 0   4,000
14 Other employee salaries and wages...... 40,312 0   40,312
15 Pension plans, employee benefits....... 10,653 0   10,653
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 20,714 0   20,714
c Other professional fees (attach schedule).... Click to see attachment 71,950 14,900   57,050
17 Interest............... 16,339 15,892   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 43,604 11,840   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 201 0   201
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 248,800 217,191   25,818
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 456,573 259,823   158,748
25 Contributions, gifts, grants paid....... 854,038 854,038
26 Total expenses and disbursements. Add lines 24 and 25 1,310,611 259,823   1,012,786
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -542,544
b Net investment income (if negative, enter -0-) 511,809
c Adjusted net income (if negative, enter -0-)...  
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............. 37,372 178,475 178,475
2 Savings and temporary cash investments......... 729,387 368,799 368,799
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).......      
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).......... 17,289,204 Click to see attachment17,001,489 17,001,489
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) 18,055,963 17,548,763 17,548,763
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)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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.................. 18,055,963 17,548,763
25 Temporarily restricted...............    
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)..... 18,055,963 17,548,763
31 Total liabilities and net assets/fund balances (see instructions). 18,055,963 17,548,763
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
18,055,963
2
Enter amount from Part I, line 27a .....................
2
-542,544
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
35,344
4
Add lines 1, 2, and 3 ..........................
4
17,548,763
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
17,548,763
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 SCHEDULE K-1 - PROSPECT CAPITAL PARTNERS P    
b SCHEDULE K-1 - VENTURE INVESTMENT ASSOCIATES, L.P. P    
c SCHEDULE K-1 - VENTURE INVESTMENT ASSOCIATES II, L.P. P    
d SCHEDULE K-1 - VENTURE INVESTMENT ASSOCIATES III, L.P. P    
e SCHEDULE K-1 - VENTURE INVESTMENT ASSOCIATES IV, L.P. P    
(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       359,903
b       9,794
c       -1,388
d       -26,437
e       2,365
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       359,903
b       9,794
c       -1,388
d       -26,437
e       2,365
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 2 344,237
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))
2017 959,199 16,776,424 0.057175
2016 931,380 15,032,122 0.061959
2015 958,411 16,403,572 0.058427
2014 1,062,502 17,014,149 0.062448
2013 993,387 16,008,324 0.062054
2
Total of line 1, column (d) .....................
2
0.302063
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
0.060413
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
16,936,103
5
Multiply line 4 by line 3......................
5
1,023,161
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
5,118
7
Add lines 5 and 6........................
7
1,028,279
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,012,786
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 10,236
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 10,236
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 10,236
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 25,505
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 25,505
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 15,269
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet15,269 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)
    bulletNY
    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 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 ofbulletMAUREEN HOWLEY TREASURER Telephone no.bullet (212) 370-1165

    Located atbullet99 PARK AVENUE 2220NEW YORKNY ZIP+4bullet100161601
    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 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).
    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
    FREDERICK W BEINECKE PRESIDENT & DIRECTOR
    2.00     		0 0 0
    99 PARK AVENUE 2200
    NEW YORK,NY100161601
    JOHN B BEINECKE VICE PRESIDENT & DIRECTOR
    2.00     		0 0 0
    99 PARK AVENUE 2200
    NEW YORK,NY100161601
    R SCOTT GREATHEAD SECRETARY & DIRECTOR
    2.00     		2,000 0 0
    99 PARK AVENUE 2200
    NEW YORK,NY100161601
    SARAH BEINECKE RICHARDSON DIRECTOR
    2.00     		0 0 0
    99 PARK AVENUE 2200
    NEW YORK,NY100161601
    FRANCES G BEINECKE DIRECTOR
    2.00     		0 0 0
    99 PARK AVENUE 2200
    NEW YORK,NY100161601
    MELVYN SHAFFIR DIRECTOR
    2.00     		2,000 0 0
    99 PARK AVENUE 2200
    NEW YORK,NY100161601
    MAUREEN HOWLEY TREASURER
    5.00     		0 0 0
    99 PARK AVENUE 2200
    NEW YORK,NY100161601
    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 (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
    DIANE M FLYNN PROGRAM DIRECTOR FEES 50,000
    15 W 67TH STREET 10RE
    NEW YORK,NY100236226
    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 (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
    16,723,218
    b
    Average of monthly cash balances.......................
    1b
    470,795
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,194,013
    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
    17,194,013
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    257,910
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    16,936,103
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    846,805
    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
    846,805
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    10,236
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
    103
    c
    Add lines 2a and 2b............................
    2c
    10,339
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    836,466
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    836,466
    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
    836,466
    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
    1,012,786
    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
    1,012,786
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,012,786
    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 7 836,466
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 211,491
    b From 2014...... 239,489
    c From 2015...... 154,852
    d From 2016...... 196,177
    e From 2017...... 150,388
    fTotal of lines 3a through e........ 952,397
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,012,786
    a Applied to 2017, but not more than line 2a 0
    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 2018 distributable amount..... 836,466
    e Remaining amount distributed out of corpus 176,320
    5 Excess distributions carryover applied to 2018. 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 1,128,717
    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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    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 2013 not
    applied on line 5 or line 7 (see instructions) ...     		211,491
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		917,226
    10 Analysis of line 9:
    a Excess from 2014.... 239,489
    b Excess from 2015.... 154,852
    c Excess from 2016.... 196,177
    d Excess from 2017.... 150,388
    e Excess from 2018.... 176,320
    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
     
    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
             
    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 e-mail address of the person to whom applications should be addressed:
    THE SPERRY FUND
    ATTN GRANTS ADMINISTRATOR 99 PARK
    AVENUE 2220
    NEW YORK,NY100161601
    (212) 370-1165
    INFO@PROSPECTHILL.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    PLEASE CONTACT INFO@PROSPECTHILL.ORG FOR FULL APPLICATION REQUIREMENTS.
    cAny submission deadlines:
    APPLICATIONS MAY BE SUBMITTED AT ANY TIME.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PLEASE SEE WEBSITE WWW.FDNWEB.ORG/BEINECKE FOR AWARD RESTRICTIONS AND LIMITATIONS.
    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
    ALEXANDER TORRES CO THE REGENTS OF
    18 SPROUL HALL
    BERKELEY,CA94720     		NONE I SCHOLARSHIP 4,000
    AMBER DEJOHN
    C/O UNIVERSITY OF TORONTO 63 ST
    GEORGE ST ROOM 203
    TORONTO,ONTARIOM5S 2Z9
    CA     		NONE I SCHOLARSHIP 4,000
    ANGELA LEOCATA
    C/O STANFORD UNIVERSITY 355 GALVEZ
    STREET
    STANFORD,CA943056106     		NONE I SCHOLARSHIP 4,000
    ANNEE LYONS
    C/O OXFORD UNIVERSITY UNIVERSITY
    OFFICES WELLINGTON SQUARE
    OXFORD   OX1 2JD
    UK     		NONE I SCHOLARSHIP 4,000
    AUDREY DUBOIS
    C/O EMERSON COLLEGE 217 TREMONT
    STREET 4TH FLOOR
    BOSTON,MA02117     		NONE I SCHOLARSHIP 4,000
    BETANYA MAHARY
    C/O LONDON SCHOOL OF ECONOMICS
    HOUGHTON ST HOLBORN
    LONDON   WC2A 2AE
    UK     		NONE I SCHOLARSHIP 4,000
    BROWN UNIVERSITY ITF JOSHUA SCHNELL
    BOX 1867
    PROVIDENCE,RI02912     		NONE PC SCHOLARSHIP 6,000
    CAROLINE RUDD
    C/O HUNTER COLLEGE - CUNY 685 PARK
    AVENUE
    NEW YORK,NY10065     		NONE I SCHOLARSHIP 4,000
    CAROLINE SCHMIDT
    C/O RUTGERS UNIVERSITY 26 BISHOP
    PLACE
    NEW BRUNSWICK,NJ08901     		NONE I SCHOLARSHIP 4,000
    CHELSEA THOMEER
    C/O CORNELL UNIVERSITY 124 CALDWELL
    HALL
    ITHACA,NY148532602     		NONE I SCHOLARSHIP 4,000
    COLUMBIA UNIVERSITY INSTITUTE FOR THE STUDY OF HUMAN RIGHTS
    91 CLAREMONT AVENUE 7TH FLOOR
    NEW YORK,NY10027     		NONE PC 2018 HUMAN RIGHTS ADVOCATES PROGRAM 15,000
    CORNELL UNIVERSITY ITF CHELSEA THOMEER
    125 CALDWELL HALL
    ITHACA,NY148532602     		NONE PC SCHOLARSHIP 7,500
    CORNELL UNIVERSITY ITF SARAH COOMEY
    125 CALDWELL HALL
    ITHACA,NY148532602     		NONE PC SCHOLARSHIP 6,000
    CUNY ITF CELESTE WINSTON
    365 5TH AVENUE
    NEW YORK,NY10016     		NONE PC SCHOLARSHIP 6,000
    DINO KADICH
    C/O UNIVERSITY OF CAMBRIDGE 365 5TH
    AVENUE
    NEW YORK,NY10016     		NONE I SCHOLARSHIP 4,000
    DUKE UNIVERSITY ITF JEREMY SEXTON
    BOX 90061 DUKE UNIVERSITY
    DURHAM,NC27708     		NONE PC SCHOLARSHIP 6,000
    EMERSON COLLEGE ITF AUDREY DUBOIS
    217 TREMONT STREET 4TH FLOOR
    BOSTON,MA02116     		NONE PC SCHOLARSHIP 10,000
    EMMAJEAN HOLLEY
    C/O THE REGENTS OF THE UNIVERSITY
    OF CALIFORNIA BERKELEY 17 CALVIN HA
    IOWA CITY,IA52242     		NONE I SCHOLARSHIP 4,000
    FRANK NAJARRO
    C/O UNIVERSITY OF CHICAGO 1115 EAST
    58TH STREET
    CHICAGO,IL60637     		NONE I SCHOLARSHIP 4,000
    GILLIAN GRAY
    C/O UNIVERSITY OF MICHIGAN 515 E
    JEFFERSON STREET
    ANN ARBOR,MI481091357     		NONE I SCHOLARSHIP 4,000
    HANNAH HOOVER
    C/O UNIVERSITY OF MICHIGAN 2256
    STUDENT ACTIVITIES BUILDING
    ANN ARBOR,MI481091357     		NONE I SCHOLARSHIP 4,000
    HARVARD UNIVERSITY ITF CHARLES TYSON
    350 1350 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA021383846     		NONE PC SCHOLARSHIP 10,000
    HARVARD UNIVERSITY ITF JEFFREY WANG
    350 1350 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA021383846     		NONE PC SCHOLARSHIP 11,000
    HARVARD UNIVERSITY ITF SOPHIE WILKOWSKE
    350 1350 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA021383846     		NONE PC SCHOLARSHIP 6,000
    HAWK MOUNTAIN SANCTUARY ASSOCIATION
    1700 HAWK MOUNTAIN ROAD
    KEMPTON,PA195299379     		NONE PC GRADUATE STUDENT PROGRAM 20,000
    HUNTER COLLEGE ITF CAROLINE RUDD
    695 PARK AVENUE
    NEW YORK,NY10065     		NONE PC SCHOLARSHIP 10,000
    INDIANA UNIVERSITY ITF JOANNA CHROMIK
    400 E SEVENTH ST
    BLOOMINGTON,IN47405     		NONE PC SCHOLARSHIP 7,500
    INDIANA UNIVERSITY ITF MALLORY CARNES
    400 E SEVENTH ST
    BLOOMINGTON,IN47405     		NONE PC SCHOLARSHIP 15,000
    JOHNS HOPKINS UNIVERSITY ITF DAVID WILLIAMS
    3400 N CHARLES STREET
    BALTIMORE,MD21218     		NONE PC SCHOLARSHIP 6,000
    LONDON SCHOOL OF ECONOMICS ITF BETANYA MAHARY
    1280 WEST PEACHTREE ST NW UNIT 3207
    ATLANTA,GA30309     		NONE PC SCHOLARSHIP 15,238
    MALLORY CARNES
    C/O INDIANA UNIVERSITY 1115 EAST
    58TH STREET
    CHICAGO,IL60637     		NONE I SCHOLARSHIP 4,000
    MARGARET FARRELL
    C/O THE REGENTS OF THE UNIVERSITY
    OF CALIFORNIA IRVINE 120 ALDRICH HA
    IRVINE,CA92697     		NONE I SCHOLARSHIP 4,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY ITF HALEY SCHILLING
    77 MASSACHUSETTS AVENUE BLDG 3-138
    CAMBRIDGE,MA02139     		NONE PC SCHOLARSHIP 6,000
    NATIONAL GALLERY OF ART
    2000B SOUTH CLUB DRIVE
    LANDOVER,MA20785     		NONE PC CENTER FOR ADVANCED STUDY IN THE VISUAL ARTS ENDOWMENT 125,000
    NEEL THAKKAR
    C/O PRINCETON UNIVERSITY 102 CLIO
    HALL
    PRINCETON,NJ08544     		NONE I SCHOLARSHIP 4,000
    NEW YORK UNIVERSITY ITF DAVID KANBERGS
    PO BOX 907
    NEW YORK,NY102760907     		NONE PC SCHOLARSHIP 15,000
    NIMA DAHIR
    C/O STANFORD UNIVERSITY 355 GALVEZ
    STREET
    STANFORD,CA943056106     		NONE I SCHOLARSHIP 4,000
    NORTHWESTERN UNIVERSITY ITF SARAH ESTRELA
    633 CLARK STREET
    EVANSTON,IL602081113     		NONE PC SCHOLARSHIP 3,000
    NORTHWESTERN UNIVERSITY ITF SHAWN FOSTER
    633 CLARK STREET
    EVANSTON,IL602081113     		NONE PC SCHOLARSHIP 6,000
    OHIO STATE UNIVERSITY ITF ANGELA ACOSTA
    P O BOX 183248
    COLUMBUS,OH432183248     		NONE PC SCHOLARSHIP 6,000
    OHIO STATE UNIVERSITY ITF CHRISTINA SZUCH
    P O BOX 183248
    COLUMBUS,OH432101132     		NONE PC SCHOLARSHIP 12,000
    OXFORD UNIVERSITY ITF ANNEE LYONS
    WELLINGTON SQUARE
    OXFORD   OX1 2JD
    UK     		NONE PC SCHOLARSHIP 5,060
    OXFORD UNIVERSITY ITF JOANI ETSKOVITZ
    WELLINGTON SQUARE
    OXFORD   OX1 2JD
    UK     		NONE PC SCHOLARSHIP 6,060
    OXFORD UNIVERSITY ITF PASQUALE TOSCANO
    WELLINGTON SQUARE
    OXFORD   OX1 2JD
    UK     		NONE PC SCHOLARSHIP 6,060
    PENNSYLVANIA STATE UNIVERSITY ITF BENJAMIN RANDOLPH
    109 SHIELDS BUILDING
    UNIVERSITY PARK,PA16802     		NONE PC SCHOLARSHIP 5,000
    PRINCETON UNIVERSITY ITF KRISTEN STARKOWSKI
    102 CLIO HALL
    PRINCETON,NJ08544     		NONE PC SCHOLARSHIP 6,000
    PRINCETON UNIVERSITY ITF MARY NAYDAN
    102 CLIO HALL
    PRINCETON,NJ08544     		NONE PC SCHOLARSHIP 6,000
    PRINCETON UNIVERSITY ITF NEEL THAKKAR
    102 CLIO HALL
    PRINCETON,NJ08544     		NONE PC SCHOLARSHIP 10,000
    RUTGERS UNIVERSITY ITF CAROLINE SCHMIDT
    25 BISHOP PLACE
    NEW BRUNSWICK,NJ08901     		NONE PC SCHOLARSHIP 15,000
    SARAH COOMEY
    C/O CORNELL UNIVERSITY 502 MAIN
    BUILDING
    NOTRE DAME,IN46556     		NONE I SCHOLARSHIP 4,000
    SAVANNA MORRISON
    C/O UNIVERSITY OF VIRGINIA PO BOX
    400775
    CHARLOTTESVILLE,VA22904     		NONE I SCHOLARSHIP 4,000
    SERA KWON CO THE REGENTS OF THE UNI
    405 HILGARD AVE
    LOS ANGELES,CA90095     		NONE I SCHOLARSHIP 4,000
    SERGIO INFANTE
    C/O YALE UNIVERSITY 127 WALL STREET
    NEW HAVEN,CT06511     		NONE I SCHOLARSHIP 4,000
    SHAWN FOSTER
    C/O NORTHWESTERN UNIVERSITY 515 E
    JEFFERSON STREET
    ANN ARBOR,MI48109     		NONE I SCHOLARSHIP 4,000
    STANFORD UNIVERSITY ITF ANGELA LEOCATA
    355 GALVEZ STREET
    STANFORD,CA943056106     		NONE PC SCHOLARSHIP 6,000
    STANFORD UNIVERSITY ITF CHARLOTTE HULL
    355 GALVEZ STREET
    STANFORD,CA943056106     		NONE PC SCHOLARSHIP 6,000
    STANFORD UNIVERSITY ITF NIMA DAHIR
    355 GALVEZ STREET
    STANFORD,CA943056106     		NONE PC SCHOLARSHIP 10,000
    THE FLETCHER SCHOOL ITF RAMI BLAIR
    160 PACKARD AVENUE
    MEDFORD,MA02155     		NONE PC SCHOLARSHIP 15,000
    THE UNIVERSITY OF CALIFORNIA BERKELEY ITF EMMA EISENBERG
    318 SPROUL HALL
    BERKELEY,CA94720     		NONE PC SCHOLARSHIP 6,000
    THE UNIVERSITY OF CALIFORNIA BERKELEY ITF JONAS SESE
    318 SPROUL HALL
    BERKELEY,CA94720     		NONE PC SCHOLARSHIP 6,000
    THE UNIVERSITY OF CALIFORNIA BERKELEY ITF SIMON BROWN
    318 SPROUL HALL
    BERKELEY,CA94720     		NONE PC SCHOLARSHIP 6,000
    THE UNIVERSITY OF CALIFORNIA IRVINE ITF MARGARET FARRELL
    120 ALDRICH HALL
    IRVINE,CA94720     		NONE PC SCHOLARSHIP 6,000
    THE UNIVERSITY OF CHICAGO ITF BENJAMIN DIEGO
    1115 EAST 58TH STREET
    CHICAGO,IL60637     		NONE PC SCHOLARSHIP 7,500
    THE UNIVERSITY OF CHICAGO ITF FRANK NAJARRO
    1115 EAST 58TH STREET
    CHICAGO,IL60637     		NONE PC SCHOLARSHIP 15,000
    THE UNIVERSITY OF CHICAGO ITF MARY STONER
    1115 EAST 58TH STREET
    CHICAGO,IL60637     		NONE PC SCHOLARSHIP 6,000
    THE UNIVERSITY OF CHICAGO ITF SAMANTHA GRAY
    1115 EAST 58TH STREET
    CHICAGO,IL60637     		NONE PC SCHOLARSHIP 6,000
    THE UNIVERSITY OF CHICAGO ITF VARSHINI (NINA) NARAYANAN
    1115 EAST 58TH STREET
    CHICAGO,IL60637     		NONE PC SCHOLARSHIP 10,000
    THE UNIVERSITY OF CHICAGO ITF YVONNE GREEN
    1115 EAST 58TH STREET
    CHICAGO,IL60637     		NONE PC SCHOLARSHIP 7,500
    THE UNIVERSITY OF CHICAGO ITF ZOE HIGH
    1115 EAST 58TH STREET
    CHICAGO,IL60637     		NONE PC SCHOLARSHIP 6,000
    THE UNIVERSITY OF TEXAS ITF LAUREN HENLEY
    1 UNIVERSITY STATION G0400
    AUSTIN,TX78712     		NONE PC SCHOLARSHIP 6,000
    UNIVERSITY OF SOUTHERN CALIFONIA ITF DYLAN KAHN
    700 CHILDS WAY JHH 325
    LOS ANGELES,CA900890914     		NONE PC SCHOLARSHIP 7,500
    UNIVERSITY OF ARIZONA ITF AMATA INSHUTI
    1111 NORTH CHERRY
    TUCSON,AZ85721     		NONE PC SCHOLARSHIP 18,000
    UNIVERSITY OF CALIFORNIA LOS ANGELES ITF SERA KWON
    405 HILGARD AVE
    LOS ANGELES,CA90095     		NONE PC SCHOLARSHIP 7,500
    UNIVERSITY OF CALIFORNIA SANTA BARBARA ITF CHRISTIAN BRENDEL
    3117 CHEADLE HALL
    SANTA BARBARA,CA931062070     		NONE PC SCHOLARSHIP 7,500
    UNIVERSITY OF CALIFORNIA SANTA BARBARA ITF NATHANIEL SIMS
    3117 CHEADLE HALL
    SANTA BARBARA,CA931062070     		NONE PC SCHOLARSHIP 6,000
    UNIVERSITY OF CAMBRIDGE ITF DINO KADICH
    23 VINERY RDCAMBRIDGE
    CAMBRIDGESHIRE   CB13DP
    UK     		NONE PC SCHOLARSHIP 7,560
    UNIVERSITY OF CAMBRIDGE ITF JOANNA LAWRENCE
    23 VINERY RD
    CAMBRIDGE CAMBRIDGESHIRE   CB13DP
    UK     		NONE PC SCHOLARSHIP 5,060
    UNIVERSITY OF FLORIDA ITF MARTIAL KIKI
    1523 UNION ROAD
    GAINESVILLE,FL326115500     		NONE PC SCHOLARSHIP 18,000
    UNIVERSITY OF ILLINOIS ITF KATHRYN FUNDERBURG
    501 E DANIEL STREET
    CHAMPAIGN,IL61820     		NONE PC SCHOLARSHIP 15,000
    UNIVERSITY OF IOWA ITF EMMAJEAN HOLLEY
    17 CALVIN HALL
    IOWA CITY,IA52242     		NONE PC SCHOLARSHIP 10,000
    UNIVERSITY OF MICHIGAN ITF CONNER VANDERBEEK
    515 E JEFFERSON STREET
    ANN ARBOR,MI481091357     		NONE PC SCHOLARSHIP 7,500
    UNIVERSITY OF MICHIGAN ITF GILLIAN GRAY
    515 E JEFFERSON STREET
    ANN ARBOR,MI481091357     		NONE PC SCHOLARSHIP 7,500
    UNIVERSITY OF MICHIGAN ITF HANNAH HOOVER
    515 E JEFFERSON STREET
    ANN ARBOR,MI481091357     		NONE PC SCHOLARSHIP 6,000
    UNIVERSITY OF MICHIGAN ITF OLIVIA MENDELSON
    515 E JEFFERSON STREET
    ANN ARBOR,MI481091357     		NONE PC SCHOLARSHIP 6,000
    UNIVERSITY OF MICHIGAN ITF ZOE WALDMAN
    515 E JEFFERSON STREET
    ANN ARBOR,MI481091357     		NONE PC SCHOLARSHIP 5,000
    UNIVERSITY OF NORTH CAROLINA ITF BLAQUE ROBINSON
    450 RIDGE ROAD CB 1400
    CHAPEL HILL,NC275991400     		NONE PC SCHOLARSHIP 7,500
    UNIVERSITY OF NOTRE DAME ITF HEATHER LANE
    502 MAIN BUILDING
    NOTRE DAME,IN46556     		NONE PC SCHOLARSHIP 7,500
    UNIVERSITY OF PENNSYLVANIA ITF EDWARD CHAPPELL
    3401 WALNUT STREET
    PHILADELPHIA,PA191046228     		NONE PC SCHOLARSHIP 7,500
    UNIVERSITY OF TORONTO ITF AMBER DEJOHN
    63 ST GEORGE ST
    TORONTO,ONTARIOM5S 2Z9
    CA     		NONE PC SCHOLARSHIP 15,000
    UNIVERSITY OF TORONTO ITF BRIAN WIMBISH SOPHER
    63 ST GEORGE ST
    TORONTO,ONTARIOM5S 2Z9
    CA     		NONE PC SCHOLARSHIP 6,000
    UNIVERSITY OF VIRGINIA ITF SAVANNA MORRISON
    PO BOX 400775
    CHARLOTTESVILLE,VA22904     		NONE PC SCHOLARSHIP 6,000
    UNIVERSITY OF WISCONSIN ITF ANNALIESE GRANT
    333 EAST CAMPUS MALL 10501
    MADISON,WI537151383     		NONE PC SCHOLARSHIP 6,000
    VARSHINI NINA NARAYANAN
    C/O UNIVERSITY OF CHICAGO 1115 EAST
    58TH STREET
    CHICAGO,IL60637     		NONE I SCHOLARSHIP 4,000
    WASHINGTON UNIVERSITY ITF MATTHEW ABEL
    BOX 1186 ONE BROOKINGS DRIVE
    ST LOUIS,MO631304899     		NONE PC SCHOLARSHIP 6,000
    WILDLIFE CONSERVATION SOCIETY
    2300 SOUTHERN BOULEVARD
    BRONX,NY10460     		NONE PC CAPACITY BUILDING CONSERVATION SUPPORT OF THE GLOBAL CONSERVATION PROGRAM 20,000
    YALE LAW SCHOOL ITF ANDRES BUSTAMANTE
    127 WALL STREET
    NEW HAVEN,CT06511     		NONE PC SCHOLARSHIP 4,000
    YALE LAW SCHOOL ITF DANIEL GRAVES
    127 WALL STREET
    NEW HAVEN,CT06511     		NONE PC SCHOLARSHIP 4,000
    YALE LAW SCHOOL ITF DA'VON BOYD
    127 WALL STREET
    NEW HAVEN,CT06511     		NONE PC SCHOLARSHIP 4,000
    YALE LAW SCHOOL ITF JASON HONG
    127 WALL STREET
    NEW HAVEN,CT06511     		NONE PC SCHOLARSHIP 4,000
    YALE LAW SCHOOL ITF SAM O'DONNELL
    127 WALL STREET
    NEW HAVEN,CT06511     		NONE PC SCHOLARSHIP 4,000
    YALE LAW SCHOOL ITF SARAH WESTON
    127 WALL STREET
    NEW HAVEN,CT06511     		NONE PC SCHOLARSHIP 4,000
    YVONNE GREEN
    C/O UNIVERSITY OF CHICAGO 1115 EAST
    58TH STREET
    CHICAGO,IL60637     		NONE I SCHOLARSHIP 4,000
    Total .................................bullet 3a 854,038
    bApproved for future payment
    COLUMBIA UNIVERSITY INSTITUTE FOR THE STUDY OF HUMAN RIGHTS
    91 CLAREMONT AVENUE 7TH FLOOR
    NEW YORK,NY10027     		NONE PC HUMAN RIGHTS ADVOCATES PROGRAM 15,000
    NATIONAL GALLERY OF ART
    2000B SOUTH CLUB DRIVE
    LANDOVER,MA20785     		NONE PC CENTER FOR ADVANCED STUDY IN THE VISUAL ARTS ENDOWMENT 125,000
    NATIONAL GALLERY OF ART
    2000B SOUTH CLUB DRIVE
    LANDOVER,MA20785     		NONE PC CENTER FOR ADVANCED STUDY IN THE VISUAL ARTS ENDOWMENT 100,000
    WILDLIFE CONSERVATION SOCIETY
    2300 SOUTHERN BOULEVARD
    BRONX,NY10460     		NONE PC ONE-YEAR (FY2020) CAPACITY BUILDING CONSERVATION SUPPORT OF THE GLOBAL CONSERVATION PROGRAM 20,000
    Total .................................bullet 3b 260,000
    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 ...........     		    14 6,848  
    4 Dividends and interest from securities.... 525990 4,223 14 304,314  
    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.....     01 106,336  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 2,109 18 344,237  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aUBI ON OTHER PARTNERSHIP INCOME     		525990 -9,897 01 9,897  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -3,565 771,632 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    768,067
    (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)
     
    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 (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE SPERRY FUND
    EIN:
    13-6114308
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT AND TAX RETURNS PREPARATION 20,714 0   20,714

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE SPERRY FUND
    EIN:
    13-6114308
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PROSPECT CAPITAL PARTNERS FMV 16,798,312 16,798,312
    VENTURE INVESTMENT ASSOCIATES, L.P. FMV 23,802 23,802
    VENTURE INVESTMENT ASSOCIATES II, L.P. FMV 2,875 2,875
    VENTURE INVESTMENT ASSOCIATES III, L.P. FMV 30,964 30,964
    VENTURE INVESTMENT ASSOCIATES IV, L.P. FMV 145,536 145,536

    TY 2018 OtherExpensesSchedule
    Name:
    THE SPERRY FUND
    EIN:
    13-6114308
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PHONE AND COMPUTER EXPENSES 2,800 0   2,800
    SELECTION COMMITTEE FEES 6,000 0   6,000
    FILING FEES 750 0   750
    OFFICE EXPENSE 16,268 0   16,268
    SCHEDULE K-1'S - OTHER EXPENSES 222,982 217,191   0


    TY 2018 OtherIncomeSchedule2
    Name:
    THE SPERRY FUND
    EIN:
    13-6114308
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SCHEDULE K-1 - PROSPECT CAPITAL PARTNERS 103,447 113,028 103,447
    SCHEDULE K-1 - VENTURE INVESTMENT ASSOCIATES, L.P. 2,632 2,632 2,632
    SCHEDULE K-1 - VENTURE INVESTMENT ASSOCIATES II, L.P. -47 16 -47
    SCHEDULE K-1 - VENTURE INVESTMENT ASSOCIATES III, L.P. -80 0 -80
    SCHEDULE K-1 - VENTURE INVESTMENT ASSOCIATES IV, L.P. 384 557 384


    TY 2018 OtherIncreasesSchedule
    Name:
    THE SPERRY FUND
    EIN:
    13-6114308
    Description Amount
    UNREALIZED APPRECIATION OF INVESTMENTS 35,344


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE SPERRY FUND
    EIN:
    13-6114308
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROGRAM DIRECTOR FEES 50,000 0   50,000
    FOUNDATION ADMINISTRATIVE SERVICES 20,450 13,400   7,050
    INVESTMENT CUSTODY FEES 1,500 1,500   0


    TY 2018 TaxesSchedule
    Name:
    THE SPERRY FUND
    EIN:
    13-6114308
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 27,500 0   0
    FEDERAL UNRELATED BUSINESS INCOME TAX 1,000 0   0
    STATE UNRELATED BUSINESS INCOME TAX 3,250 0   0
    SCHEDULE K-1'S - FOREIGN TAXES WITHHELD 11,854 11,840   0