TY 2020 Form 990PF

- TIN:

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

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
KEREN KESHET - THE RAINBOW FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1015 PARK AVENUE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10028

A Employer identification number

13-4069592

B Telephone number (see instructions)

(212) 396-8850

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$212,036,633J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	81,237		81,237
4	Dividends and interest from securities...	385,981		385,981
5a	Gross rents............	12,995		12,995
b	Net rental income or (loss) -169,823
6a	Net gain or (loss) from sale of assets not on line 10		-2,701,978
b	Gross sales price for all assets on line 6a 11,594,661
7	Capital gain net income (from Part IV, line 2)...			0
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).......		-5,362,629	898,310	0
12	Total. Add lines 1 through 11........	-7,584,394		1,378,523	0
13	Compensation of officers, directors, trustees, etc.	224,171		40,000	0	184,171
14	Other employee salaries and wages......	774,056		0	0	0
15	Pension plans, employee benefits.......	494,007		0	0	0
16a	Legal fees (attach schedule).........		210,886	0	0	210,886
b	Accounting fees (attach schedule).......		68,400	41,040	0	27,360
c	Other professional fees (attach schedule)....		2,743,265	2,515,292	0	227,973
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		187,099	187,099	0	0
19	Depreciation (attach schedule) and depletion...		571,721	0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......	77,508		0	0	77,508
22	Printing and publications..........
23	Other expenses (attach schedule).......		829,271	61,493	0	767,778
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	6,180,384		2,844,924	0	1,495,676
25	Contributions, gifts, grants paid.......	17,724,044				17,268,637
26	Total expenses and disbursements. Add lines 24 and 25	23,904,428		2,844,924	0	18,764,313
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-31,488,822
b	Net investment income (if negative, enter -0-)			0
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	25,521,161	34,839,201	34,839,201
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	11,875,670	12,355,501	12,355,501
	b	Investments—corporate stock (attach schedule).......	25,125,935	22,381,640	22,381,640
	c	Investments—corporate bonds (attach schedule).......	1,041,875	1,028,202	1,028,202
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	126,887,543	115,758,150	115,758,150
	14	Land, buildings, and equipment: basis 33,519,245
		Less: accumulated depreciation (attach schedule) 10,996,676	22,578,752	22,522,569	22,522,569
	15	Other assets (describe )	2,445,371	3,151,370	3,151,370
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	215,476,307	212,036,633	212,036,633
	17	Accounts payable and accrued expenses..........	89,064	172,160
	18	Grants payable.................	127,500	629,000
	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 )
	23	Total liabilities (add lines 17 through 22).........	216,564	801,160
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	213,280,661	209,039,376
	25	Net assets with donor restrictions............	1,979,082	2,196,097
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	215,259,743	211,235,473
	30	Total liabilities and net assets/fund balances (see instructions).	215,476,307	212,036,633

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

215,259,743

Enter amount from Part I, line 27a .....................

-31,488,822

Other increases not included in line 2 (itemize) bullet

27,464,552

Add lines 1, 2, and 3 ..........................

211,235,473

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

211,235,473

Form 990-PF (2020)

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
1 a	BAUPOST VALUE PARTNERS LP IV - ST	P
b	BAUPOST VALUE PARTNERS LP IV - LT	P
c	BERNSTEIN - EMERGING MARKETS VALUE TRUST - ST	P
d	BERNSTEIN - EMERGING MARKETS VALUE TRUST - LT	P
e	BERNSTEIN - GLOBAL STYLE BLEND SERIES - ST	P
	BERNSTEIN - GLOBAL STYLE BLEND SERIES - LT	P
	D. PARTNERS (BVI) LP - LT	P
	D. PARTNERS II (CAYMAN) LP - ST	P
	D. PARTNERS II (CAYMAN) LP - LT	P
	D. PARTNERS II - (CAYMAN) ANNEX FUND LP - ST	P
	D. PARTNERS II - (CAYMAN) ANNEX FUND LP - LT	P
	VIOLA PARTNERS FUND 4 2013 - ST	P
	VIOLA PARTNERS FUND 4 2013 - LT	P
	SANDLER CAPITAL PARTNERS V FTE LP - LT	P
	V PARTNERS III (CAYMAN) LP - ST	P
	V PARTNERS III (CAYMAN) LP - LT	P
	VINTAGE VENTURE PARTNERS LP - LT	P
	PUBLICLY TRADED SECURITIES

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a			896,040
b			1,776,554
c			-6,270
d			-5,006
e			-1,727,242
			-4,068,056
			-11,494
			-108
			15,062
			-616
			-55,097
			-143
			-39,167
			1,098,203
			247
			-7,198
			-97,466
	11,594,661	12,064,882	-470,221

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			896,040
b			1,776,554
c			-6,270
d			-5,006
e			-1,727,242
			-4,068,056
			-11,494
			-108
			15,062
			-616
			-55,097
			-143
			-39,167
			1,098,203
			247
			-7,198
			-97,466
			-470,221

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-2,701,978
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 ...................		3	-1,308,313

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

Form 990-PF (2020)

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	0
c	All other domestic foundations enter 1.39% 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	0
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	0
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	200,000
b	Exempt foreign organizations—tax withheld at source......	6b	0
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	200,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	200,000
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax200,000	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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 Click to see attachment

....

Yes

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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 Click to see attachment

.................

Yes

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

JEFFREY NOVICK Telephone no. bullet

(212) 396-8800

Located at bullet

1015 PARK AVENUENEW YORKNY ZIP+4 bullet

10028

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

16 At any time during calendar year 2020, 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? .................

16Yes

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

IS, SZ

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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 2020?.............

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)):

At the end of tax year 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2020 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 2020.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2020?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
ARTHUR W FRIED	PRESIDENT 20.00	20,000	174,551
1015 PARK AVENUE NEW YORK,NY10028	PRESIDENT 20.00	20,000	174,551
MEM DRYAN BERNSTEIN	VICE-PRES & TREASURER 20.00	20,000	99,771
1015 PARK AVENUE NEW YORK,NY10028	VICE-PRES & TREASURER 20.00	20,000	99,771
LINDA SAKACS	SECRETARY 40.00	184,171	42,945
1015 PARK AVENUE NEW YORK,NY10028	SECRETARY 40.00	184,171	42,945

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
NECHAMA LEIBOWITZ	DIR. OF OPERATIONS 40.00	172,722	56,802	0
1015 PARK AVENUE NEW YORK,NY10028	DIR. OF OPERATIONS 40.00	172,722	56,802	0
BRENDAN DELANY	OFFICE MANAGER 40.00	108,778	25,355	0
1015 PARK AVENUE NEW YORK,NY10028	OFFICE MANAGER 40.00	108,778	25,355	0
ERROL TAFFE	SECURITY MANAGER 40.00	121,297	11,718	0
1015 PARK AVENUE NEW YORK,NY10028	SECURITY MANAGER 40.00	121,297	11,718	0
SOLOMON GARDNER	TRANSPORTATION MGR 20.00	120,097	0	0
1015 PARK AVENUE NEW YORK,NY10028	TRANSPORTATION MGR 20.00	120,097	0	0


Total number of other employees paid over $50,000...................				0

Form 990-PF (2020)

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
PATTERSON BELKNAP WEBB & TAYLOR	LEGAL	210,886
1133 AVE OF AMERICAS NEW YORK,NY10036	LEGAL	210,886
ARI HOFFMAN	CONSULTING	82,500
220 E 57TH STREET NEW YORK,NY10022	CONSULTING	82,500
RUTH R WISSE	CONSULTING	75,000
177 EAST 75TH ST NEW YORK,NY10021	CONSULTING	75,000
BERDON LLP	ACCOUNTING	65,000
360 MADISON AVENUE NEW YORK,NY10017	ACCOUNTING	65,000
UPTIME IT LLC	IT CONSULTING	56,522
9 EISENHOWER ROAD CLOSTER,NJ07624	IT CONSULTING	56,522

Total number of others receiving over $50,000 for professional services............. bullet

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	NONE	0
2


All other program-related investments. See instructions.
3		0

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

81,120,134

Average of monthly cash balances.......................

10,274,165

Fair market value of all other assets (see instructions)................

99,860,909

Total (add lines 1a, b, and c).........................

191,255,208

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

191,255,208

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

2,868,828

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

188,386,380

Minimum investment return. Enter 5% of line 5..................

9,419,319

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part X, line 6....................

9,419,319

Tax on investment income for 2020 from Part VI, line 5......

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

9,419,319

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

9,419,319

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

9,419,319

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

18,764,313

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

18,764,313

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

18,764,313

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 (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					9,419,319
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	2,295,943
b From 2016......
c From 2017......	13,327,228
d From 2018......
e From 2019......	2,326,263
fTotal of lines 3a through e........		17,949,434
4Qualifying distributions for 2020 from Part
XII, line 4: $ 18,764,313
a Applied to 2019, 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 2020 distributable amount.....					9,419,319
e Remaining amount distributed out of corpus		9,344,994
5 Excess distributions carryover applied to 2020.		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		27,294,428
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 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					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 2015 not applied on line 5 or line 7 (see instructions) ...		2,295,943
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		24,998,485
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....	13,327,228
c Excess from 2018....
d Excess from 2019....	2,326,263
e Excess from 2020....	9,344,994

Form 990-PF (2020)

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 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

LINDA SAKACS
1015 PARK AVENUE
NEW YORK,NY10028
(212) 396-8800

bThe form in which applications should be submitted and information and materials they should include:

COMMUNICATION TO BE PRESENTED TO THE BOARD OF DIRECTORS

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

Form 990-PF (2020)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AVI CHAI FOUNDATION 1015 PARK AVENUE NEW YORK,NY10028	N/A	PRIVATE FOUNDATION	ACCOMODATION/ADMIN GRANT	46,093
BRANDEIS MARIN 180 NORTH SAN PEDRO ROAD SAN RAFAEL,CA94903	N/A	PUBLIC CHARITY	OPERATING EXPENSES	130,000
BROOKLYN JEWISH CENTER 667 EASTERN PARKWAY BROOKLYN,NY11213	N/A	PUBLIC CHARITY	CAPITAL CAMPAIGN	20,000
CALIFORNIA PACIFIC MEDICAL CENTER 2015 STEINER STREET SAN FRANCISCO,CA94115	N/A	PUBLIC CHARITY	OPERATING EXPENSES	25,000
CHABAD INTOWN 730 PONCE DE LEON PLACE NE ATLANTA,GA30306	N/A	PUBLIC CHARITY	RESEARCH/WRITING	30,000
CONGREGATION KOI ISREAL 603 ST JOHNS PLACE BROOKLYN,NY11238	N/A	PUBLIC CHARITY	CAPITAL CAMPAIGN	38,000
FEDERATION OF JEWISH COMMUNITIES OF THE CIS 445 PARK AVENUE - 9TH FLOOR NEW YORK,NY10022	N/A	PUBLIC CHARITY	OPERATING EXPENSES	18,000
GATESTONE INSTITUTE 14 EAST 60TH STREET - SUITE 1001 NEW YORK,NY10022	N/A	PUBLIC CHARITY	PROGRAMMING INITIATIVES	10,000
IMAGINATION PRODUCTIONS DBA OPENDOR MEDIA 11110 W OAKLAND PARK BLVD - STE 288 SUNRISE,FL33351	N/A	PUBLIC CHARITY	PROGRAMMING INITIATIVES	25,000
JEWISH COMMUNAL FUND #4681 575 MADISON AVENUE NEW YORK,NY10022	N/A	PUBLIC CHARITY	PROGRAMMING INITIATIVES	1,050,000
JEWISH COMMUNITY HS OF THE BAY 1835 ELLIS STREET SAN FRANCISCO,CA94115	N/A	PUBLIC CHARITY	OPERATING EXPENSES	418,000
JEWISH FUNDERS NETWORK 150 WEST 30TH STREET NEW YORK,NY10001	N/A	PUBLIC CHARITY	PROGRAMMING INITIATIVES	7,500
JEWISH MUSEUM 1109 FIFTH AVENUE NEW YORK,NY10128	N/A	PUBLIC CHARITY	OPERATING EXPENSES	5,000
KEREN KESHET ISRAEL 44 KING GEORGE STREET JERSUSALEM IS	N/A	PRIVATE FOUNDATION-E	OPERATING EXPENSES	1,507,544
MANHATTAN JEWISH EXPERIENCE 131 WEST 86TH STREET NEW YORK,NY10024	N/A	PUBLIC CHARITY	PROGRAMMING INITIATIVES	10,000
METROPOLITAN MUSEUM OF ART 1000 FIFTH AVENUE1048 FIFTH AVENUE NEW YORK,NY10028	N/A	PUBLIC CHARITY	PROGRAMMING INITIATIVES	30,000
NEUE GALERIE ART MUSEUM 1048 FIFTH AVENUE NEW YORK,NY10028	N/A	PUBLIC CHARITY	PROGRAMMING INITIATIVES	2,500
NEW YORK WEILL 525 EAST 68TH STREET BOX 123 NEW YORK,NY10065	N/A	PUBLIC CHARITY	OPERATING EXPENSES	50,000
YARON NISENHOLZ 44 KING GEORGE STREET JERUSALEM IS	NONE	N/A	RESEARCH/WRITING	18,000
RAMAZ SCHOOL 125 EAST 85TH STREET NEW YORK,NY10028	N/A	PUBLIC CHARITY	OPERATING EXPENSES	75,000
START-UP NATION CENTRAL (AMERICAN FRIENDS OF) 40 WEST 57TH STREET - 26TH FLOOR NEW YORK,NY10019	N/A	PUBLIC CHARITY	PROGRAMMING INITIATIVES	50,000
UN WATCH USA PO BOX 5872 FRIENDSHIP POST OFFICE WASHINGTON,DC20016	N/A	PUBLIC CHARITY	OPERATING EXPENSES	5,000
UCSF FOUNDATION PO BOX 45339 SAN FRANCISCO,CA94145	N/A	PUBLIC CHARITY	OPERATING EXPENSES	25,000
VANGUARD CHARITABLE ENDOWMENT PROGRAM PO BOX 9509 WARWICK,RI02889	N/A	PUBLIC CHARITY	GENERAL PURPOSE	13,000,000
YIDDISH BOOK CENTER 1021 WEST STREET AMHERST,MA01002	N/A	PUBLIC CHARITY	OPERATING EXPENSES	18,000
ZAMIR CHORAL FOUNDATION 475 RIVERSIDE DRIVE - SUITE 1948 NEW YORK,NY10115	N/A	PUBLIC CHARITY	OPERATING EXPENSES	10,000
1210 SCOTT STREET INC 1015 PARK AVENUE NEW YORK,NY10028	N/A	PRIVATE FOUNDATION	OPERATING EXPENSES	645,000
Total ................................. 3a				17,268,637

bApproved for future payment
JEWISH COMMUNAL FUND 575 MADISON AVENUE NEW YORK,NY10022	N/A	PUBLIC CHARITY	PTOGRAMMING INITIATIVES	500,000
YARON NISENHOLZ 44 KING GEORGE STREET JERUSALEM IS	NONE	N/A	RESEARCH/WRITING	54,000
START-UP NATION CENTRAL (AMERICAN FRIENDS OF) 40 WEST 57TH STREET - 26TH FLOOR NEW YORK,NY10019	N/A	PUBLIC CHARITY	PROGRAMMING INITIATIVES	50,000
LESS PRIOR YEAR GRANT STILL OUTSTANDING - RABBI JACOB JOSEPH SCHOOL 4240 AMBOY ROAD STATEN ISLAND,NY10308	N/A	PC	GENERAL PURPOSE	-25,000
Total ................................. 3b				579,000

Form 990-PF (2020)

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	(e) Related or exempt function income (See instructions.)
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	81,237
4 Dividends and interest from securities....			14	385,981
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	-169,823
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............	525990	8,410	18	-2,710,388
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFOREIGN CURRENCY GAIN			01	390,593
bMISCELLANEOUS			01	328,185
cFROM PARTNERSHIPS		-242,951	01	-6,187,404
dFEDERAL AND STATE TAX CREDIT/REFUND			01	348,948
e
12 Subtotal. Add columns (b), (d), and (e)..		-234,541		-7,532,671	0

13Total. Add line 12, columns (b), (d), and (e)..................

-7,767,212

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2020)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

KEREN KESHET - THE RAINBOW FOUNDATION

EIN:

13-4069592

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	68,400	41,040	0	27,360

- TIN:

TY 2020 AllOthProgRltdInvestmentsSch

Name:

KEREN KESHET - THE RAINBOW FOUNDATION

EIN:

13-4069592

Category	Amount
NONE	0

- TIN:

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

TY 2020 ExpenditureResponsibilityStmt

Name:

KEREN KESHET - THE RAINBOW FOUNDATION

EIN:

13-4069592

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Dates of Reports By Grantee	Results of Verification
1210 SCOTT STREET INC	1015 PARK AVENUE NEW YORK,NY100280904	2020-12-31	645,000	TO ENSURE THAT JEWISH CULTURE IS PRESERVED AND STRENGTHENED THROUGH STUDY AND PRACTICE	645,000	1/1/2020-12/31/2020	NO KNOWLEDGE THAT THE GRANTEE HAS DIVESTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
KEREN KESHET (ISRAEL)	44 KING GEORGE STREET JERUSALEM 94252 IS	2020-12-31	1,507,544	GENERAL SUPPORT GRANT	1,507,544	1/1/2020-12/31/2020	NO KNOWLEDGE THAT THE GRANTEE HAS DIVESTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
THE AVI CHAI FOUNDATION	1015 PARK AVENUE NEW YORK,NY100280904	2020-12-31	46,093	GRANTS THE USE OF A PROPERTY IN JERUSALEM, TO SUPPORT THE CHARITABLE AND EDUCATIONAL ACTIVITIES.	46,093	1/1/2020-12/31/2020	NO KNOWLEDGE THAT THE GRANTEE HAS DIVESTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.

- TIN:

TY 2020 GeneralExplanationAttachment

Name:

KEREN KESHET - THE RAINBOW FOUNDATION

EIN:

13-4069592

Identifier	Return Reference	Explanation
ADDITIONAL INFORMATION THAT DIDN'T FIT ON FORM	FORM 8886, LINE 7E	TRANSACTIONS PARTNER'S ALLOCABLE SHARE OF RECOGNIZED LOSSES 1 AKEBIA THERAPEUTICS INC (281,851)2 COLONY NORTHSTAR INC-CLASS A (89,271)3 FACEBOOK INC-A (31,158)4 GERONA SECURITIZATION SARL (78,045) 5 S&P500 2200 PUT 4/17/20 (59,407)6 S&P500 2200 PUT 4/30/20 (32,228) 7 S&P500 2200 PUT 4/30/20 (31,322)8 S&P500 2400 PUT 5/15/20 (15,303) 9 S&P500 2400 PUT 5/29/20 (16,886)10 S&P500 2450 PUT 5/29/20 (17,913) 11 S&P500 2500 PUT 5/15/20 (16,039)12 S&P500 2550 PUT 5/15/20 (15,919) 13 S&P500 2550 PUT 6/19/20 (16,138)14 S&P500 2550 PUT 6/30/20 (17,829) 15 S&P500 2550 PUT 12/18/20 (49,078)16 S&P500 2600 PUT 6/19/20 (16,254) 17 S&P500 2600 PUT 6/30/20 (18,104)18 S&P500 2600 PUT 12/18/20 (51,133) 19 S&P500 2650 PUT 12/18/20 (52,425)20 S&P500 2900 PUT 3/20/20 (79,919) 21 S&P500 2950 PUT 3/20/20 (430,268)22 S&P500 2950 PUT 12/18/20 (95,488) 23 S&P500 3000 PUT 9/18/20 (15,916)24 S&P500 3000 PUT 9/18/20 (23,983) 25 S&P500 3000 PUT 10/16/20 (21,727)26 S&P500 3000 PUT 11/20/20 (28,590) 27 S&P500 3000 PUT 12/18/20 (98,113)28 S&P500 3050 PUT 3/31/20 (832,036) 29 S&P500 3050 PUT 9/18/20 (16,501)30 S&P500 3050 PUT 9/18/20 (24,229) 31 S&P500 3050 PUT 10/16/20 (22,446)32 S&P500 3050 PUT 11/20/20 (29,445) 33 S&P500 3050 PUT 12/18/20 (99,121)34 S&P500 3075 PUT 4/17/20 (598,565) 35 S&P500 3100 PUT 3/31/20 (361,331)36 S&P500 3100 PUT 4/17/20 (197,347) 37 S&P500 3100 PUT 9/18/20 (16,892)38 S&P500 3100 PUT 9/18/20 (24,335) 39 S&P500 3100 PUT 10/16/20 (22,904)40 S&P500 3100 PUT 11/20/20 (30,180) 41 S&P500 3125 PUT 4/17/20 (184,167)42 S&P500 3150 PUT 12/31/20 (32,916) 43 S&P500 3200 PUT 12/31/20 (35,149)44 S&P500 3250 PUT 12/31/20 (37,500) 45 TESLA INC (28,493)46 TESLA INC (347,297) TOTAL SECTION 165 LOSS TRANSACTIONS (FOR REFERENCE PURPOSES ONLY) ($4,641,161)

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

KEREN KESHET - THE RAINBOW FOUNDATION

EIN:

13-4069592

Name of Bond	End of Year Book Value	End of Year Fair Market Value
RANGE RES CORP FIXED RT	358,125	358,125
AB BOND INFLATION STRAT	97,452	97,452
AB GLOBAL BOND FUND	468,733	468,733
AB HIGH INCOME	103,892	103,892

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

KEREN KESHET - THE RAINBOW FOUNDATION

EIN:

13-4069592

Name of Stock	End of Year Book Value	End of Year Fair Market Value
BERKSHIRE HATHAWAY	626,049	626,049
SALESFORCE.COM INC	759,940	759,940
AMAZON.COM INC	1,319,057	1,319,057
FTI CONSULTING INC	255,504	255,504
PAYPAL HOLDINGS INC	1,622,772	1,622,772
SQUARE INC - A	798,086	798,086
SPDR S&P SEMICONDUCTOR ETF	282,299	282,299
SAREPTA THERAPEUTICS INC	498,172	498,172
BIO-TECHNE CORP	395,350	395,350
MEDTRONIC PLC	142,325	142,325
LHC GROUP INC	405,735	405,735
BERKSHIRE HATHAWAY INC-CL B	886,439	886,439
BALCHEM CORP	286,783	286,783
NICE SYSTEMS LTD-SPONS ADR	1,100,986	1,100,986
AUTODESK INC	262,592	262,592
MANHATTAN ASSOCIATES INC	352,458	352,458
MICROSFOT CORP	297,820	297,820
TYLER TECHNOLOGIES INC	419,496	419,496
VEEVA SYSTEMS INC-CLASS A	481,338	481,338
APPLE INC	3,491,870	3,491,870
CHECK POINT SOFTWARE TECH	421,856	421,856
ALIBABA GROUP HOLDING LTD	1,487,145	1,487,145
ALHPABET INC-CL C	1,340,188	1,340,188
BAIDU INC - A1	90,821	90,821
FACEBOOK INC-A1	1,016,155	1,016,155
NETFLIX INC	1,370,751	1,370,751
PINTEREST INC-CLASS A	287,126	287,126
TENCENT HOLDINGS LTD-UNS ADR	170,899	170,899
L3HARRIS TECHNOLOGIES INC	8,506	8,506
RAYTHEON COMPANY	3,647	3,647
AUTOMATIC DATA PROCESSING	7,224	7,224
BOOZ ALLEN HAMILTON HOLDINGS	3,923	3,923
PAYPAL HOLDINGS INC	10,071	10,071
UNITED RENTALS INC	6,957	6,957
MAGNA INTERNATIONAL INC	8,000	8,000
EATON CORP PLC	9,011	9,011
AUTOZONE INC	10,669	10,669
HOME DEPOT INC	17,797	17,797
TJX COMPANIES INC	11,268	11,268
DECKERS OUTDOOR CORP	6,022	6,022
NIKE INC-CL B	13,864	13,864
JOHNSON & JOHNSON	14,479	14,479
REGENERON PHARMACEUTICALS	3,865	3,865
ROCHE HLDG LTD SPONSORED ADR	14,594	14,594
VERTEX PHARMACEUTICALS INC	9,926	9,926
ZOETIS INC	9,930	9,930
EDWARDS LIFESCIENCES	8,484	8,484
MEDTRONIC PLC	16,165	16,165
ANTHEM INC	10,917	10,917
UNITED HEALTHCARE INC	24,898	24,898
COMCAST CORP-CLASS A	16,768	16,768
PROCTER & GAMBLE CO/THE	19,201	19,201
COSTCO WHOLESALE CORP	4,145	4,145
WALMART INC	13,694	13,694
AB EMERGING MARKETS PORT	97,490	97,490
BERNSTEIN INTERNATIONAL SMALL CAP PORTFOLIO	69,931	69,931
BERNSTEIN INTERNATIONAL STRATEGIC EQUITIES PORTFOLIO	322,559	322,559
CHEVRON CORP	5,405	5,405
EOG RESOURCES INC	5,236	5,236
AMERICAN CAMPUS COMMUNITIES	4,961	4,961
AMERICOLD REALTY TRUST	4,816	4,816
BANK OF AMERICA CORP	16,216	16,216
CITIGROUP INC	8,756	8,756
CME GROUP INC	7,464	7,464
GOLDMAN SACHS GROUP INC	13,186	13,186
LPL FINANCIAL HOLDINGS INC	6,670	6,670
MID-AMERICA APARTMENT COMM	9,628	9,628
PNC FINANCIAL SERVICES GROUP	7,599	7,599
PROGRESSIVE CORP	8,603	8,603
PROLOGIS INC	3,687	3,687
REINSURANCE GROUP OF AMERICA	5,447	5,447
VISA INC - CLASS A SHARES	23,623	23,623
WELLS FARGO & COMPANY	8,752	8,752
LYONDELLBASELL INDU-CL A	6,050	6,050
WESTLAKE CHEMICAL CORP	5,549	5,549
AB DISCOVERY GROWTH FUND	52,651	52,651
AB DISCOVERY VALUE-ADV	46,873	46,873
AB SMALL CAP CORE PORTFOLIO ADV CL	36,287	36,287
AECOM	7,616	7,616
SOUTHWEST AIRLINES CO	5,407	5,407
CSX CORP	9,438	9,438
NORFOLK SOUTHERN CORP	5,940	5,940
KNIGHT-SWIFT TRANSPORTATION	5,771	5,771
CITRIX SYSTEMS INC	5,855	5,855
ELECTRONIC ARTS INC	12,924	12,924
GENPACT LTD	5,790	5,790
MICROSOFT CORP	54,048	54,048
ORACLE CORP	8,022	8,022
VMWARE INC-CLASS A	3,507	3,507
APPLE INC	36,092	36,092
ADOBE INC	5,001	5,001
HONEYWELL INTERNATIONAL INC	11,060	11,060
NVIDIA CORP	7,833	7,833
NXP SEMICONDUCTORS NV	9,700	9,700
QUALCOMM INC	13,558	13,558
TEXAS INSTRUMENTS INC	11,325	11,325
XILINX INC	6,380	6,380
ALPHABET INC-CL C	38,541	38,541
AMAZON.COM INC	26,055	26,055
CDW COP/DE	6,458	6,458
FACEBOOK INC-A1	27,862	27,862
AMERICAN ELECTRIC POWER	9,326	9,326
NEXTERA ENEERGY INC	11,495	11,495
VERIZON COMMUNICATIONS INC	11,045	11,045
AB ALL MARKET REAL RETURN PORT -ADVISOR CLASS	94,115	94,115

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

KEREN KESHET - THE RAINBOW FOUNDATION

EIN:

13-4069592

US Government Securities - End of Year Book Value:

12,355,501

US Government Securities - End of Year Fair Market Value:

12,355,501

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

KEREN KESHET - THE RAINBOW FOUNDATION

EIN:

13-4069592

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
SANDLER CAPITAL	FMV	99,042	99,042
D. PARTNERS (BVI)	FMV	118,719	118,719
ROUND HILL MUSIC ROYALTY FD II	FMV	5,084,471	5,084,471
VINTAGE VENTURES	FMV	2,147,734	2,147,734
VIOLA PARTNERS FUND 4 2013	FMV	6,025,349	6,025,349
D. PARTNERS II	FMV	752,447	752,447
D PARTNERS II-ANNEX FUND	FMV	288,429	288,429
ROUND HILL MUSIC ROYALTY FUND	FMV	6,215,857	6,215,857
BAUPOST	FMV	74,105,096	74,105,096
V PARTNERS III	FMV	4,438,843	4,438,843
PICTET- #588577	FMV	12,455,497	12,455,497
HUDSON VEGAS INVESTMENT SPV	FMV	178,339	178,339
FABRIC GLOBAL	FMV	50,000	50,000
TAMARIX EQUITY	FMV	270,000	270,000
ROUND HILL MUSIC ROYALTY FD III	FMV	1,978,327	1,978,327
SEVEN OAKS SPONSOR LLC	FMV	1,500,000	1,500,000
VUNIVERSE, INC.	FMV	50,000	50,000

- TIN:

TY 2020 LegalFeesSchedule

Name:

KEREN KESHET - THE RAINBOW FOUNDATION

EIN:

13-4069592

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	210,886	0	0	210,886

- TIN:

TY 2020 OtherAssetsSchedule

Name:

KEREN KESHET - THE RAINBOW FOUNDATION

EIN:

13-4069592

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
PREPAID INSURANCE	101,809	94,933	94,933
ACCRUED INTEREST RECEIVABLE	38,930	39,105	39,105
LOANS RECEIVABLE	64,238	57,137	57,137
INVESTMENT IN FINDLAY PROPERTI	65,529	64,256	64,256
OTHER PREPAID EXPENSES	40,029	17,709	17,709
DB PENSION PLAN	1,341,224	1,739,695	1,739,695
PREPAID TAXES	793,612	1,138,535	1,138,535

- TIN:

TY 2020 OtherExpensesSchedule

Name:

KEREN KESHET - THE RAINBOW FOUNDATION

EIN:

13-4069592

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
INSURANCE	96,090	16,124	79,966
WORKERS COMP INSURANCE & DBL	22,113	0	22,113
STATE FILING FEES	3,715	2,166	1,549
BUILDING MAINTENANCE & REPAIRS	178,688	1,103	177,585
TELEPHONE AND UTILITIES	138,016	42,012	96,004
MISCELLANEOUS EXPENSES	390,649	88	390,561

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

KEREN KESHET - THE RAINBOW FOUNDATION

EIN:

13-4069592

Description	Revenue And Expenses Per Books	Net Investment Income
FROM PARTNERSHIPS		6,366,936
FOREIGN CURRENCY GAIN	390,593	390,593
MISCELLANEOUS	328,185	328,185
FROM PARTNERSHIPS	-6,430,355	-6,187,404
FEDERAL AND STATE TAX CREDIT/REFUND	348,948	0

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

KEREN KESHET - THE RAINBOW FOUNDATION

EIN:

13-4069592

Description	Amount
UNREALIZED GAIN ON INVESTMENTS	27,272,627
UNREALIZED FOREIGN CURRENCY GAIN	191,925

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

KEREN KESHET - THE RAINBOW FOUNDATION

EIN:

13-4069592

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
OTHER PROFESSIONAL FEES	227,973	0	227,973
INVESTMENT MANAGEMENT FEES	2,480,757	2,480,757	0
PROPERTY MANAGEMENT FEES	34,535	34,535	0

- TIN:

TY 2020 TaxesSchedule

Name:

KEREN KESHET - THE RAINBOW FOUNDATION

EIN:

13-4069592

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
REAL ESTATE TAXES	186,295	186,295	0	0
FOREIGN WITHHOLDING TAXES	804	804	0	0