Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
The Grass Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

04-6049529
B Telephone number (see instructions)

(800) 839-1754
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$27,143,533J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 20,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 3,898 3,898  
4 Dividends and interest from securities... 193,291 193,291  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,061,315
b Gross sales price for all assets on line 6a 11,698,451
7 Capital gain net income (from Part IV, line 2)... 1,056,934
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 720,674 708,880  
12 Total. Add lines 1 through 11........ 1,999,178 1,963,003  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 8,561 0 0 8,561
b Accounting fees (attach schedule)....... Click to see attachment 22,629 0 0 22,629
c Other professional fees (attach schedule).... Click to see attachment 210,602 97,312   113,290
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 15,242 142    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 26,578     26,578
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 212,470 125,717   80,440
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 496,082 223,171 0 251,498
25 Contributions, gifts, grants paid....... 535,715 535,715
26 Total expenses and disbursements. Add lines 24 and 25 1,031,797 223,171 0 787,213
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 967,381
b Net investment income (if negative, enter -0-) 1,739,832
c Adjusted net income (if negative, enter -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 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.............      
2 Savings and temporary cash investments......... 409,995 408,801 408,801
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) bullet134,615
Less: allowance for doubtful accounts bullet   250,000 Click to see attachment134,615 134,615
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).......   Click to see attachment12,154,622 13,578,237
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).......... 23,263,315 Click to see attachment12,194,574 13,021,880
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) 23,923,310 24,892,612 27,143,533
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 FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 23,923,310 24,892,612
29 Total net assets or fund balances (see instructions)..... 23,923,310 24,892,612
30 Total liabilities and net assets/fund balances (see instructions). 23,923,310 24,892,612
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
23,923,310
2
Enter amount from Part I, line 27a .....................
2
967,381
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,921
4
Add lines 1, 2, and 3 ..........................
4
24,892,612
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
24,892,612
Form 990-PF (2020)
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 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c
d
e
(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 11,698,451   11,664,879 33,572
b       1,023,362
c
d
e
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       33,572
b        
c
d
e
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 1,056,934
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 24,184
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  
3 Add lines 1 and 2........................... 3 24,184
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 24,184
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 34,900
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 34,900
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
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 10,716
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet10,716 RefundedBullet 11  
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 the instructions
for the 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletMA
    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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 addressbulletwww.grassfoundation.org
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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 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? .................
    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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 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.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Andrew Blum Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Catherine E Carr Pres
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Victor F Chin Trustee, Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Melissa J Coleman Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Elva Diaz Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Andre Fenton Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Bernice Grafstein VP, Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Henry J Grass Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Joshua Grass Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Ronald R Hoy Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Kamran Khodakhah Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Matthew B McFarlane Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Vanessa Ruta Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Felix E Schweizer Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Steven J Zottoli Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    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
    University of Maryland College Park Admin support reimb 111,857
    1109 Lee Bldg
    COLLEGE PARK,MD20742
    Foundation Source Administrative 73,807
    55 Walls Drive
    Fairfield,CT06824
    Bank of America Investment Mgmt 55,646
    1 Gorham Island Rd
    WESTPORT,CT06880
    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 TO ENCOURAGE INDEPENDENT RESEARCH AT THE MARINE BIOLOGY LAB BY INVESTIGATORS EARLY IN THEIR CAREER TO INCREASE RESEARCH IN NEUROBIOLOGY. AWARDED FELLOWSHIPS MAY VARY ANNUALLY. 1,913
    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.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    10,787,630
    b
    Average of monthly cash balances.......................
    1b
    1,605,472
    c
    Fair market value of all other assets (see instructions)................
    1c
    13,156,495
    d
    Total (add lines 1a, b, and c).........................
    1d
    25,549,597
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    25,549,597
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    383,244
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    25,166,353
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,258,318
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,258,318
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    24,184
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    24,184
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,234,134
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    7,352
    5
    Add lines 3 and 4............................
    5
    1,241,486
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,241,486
    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
    787,213
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    787,213
    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
    787,213
    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)
    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 1,241,486
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 64,318
    c From 2017...... 159,482
    d From 2018...... 132,187
    e From 2019...... 729,659
    fTotal of lines 3a through e........ 1,085,646
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 787,213
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 787,213
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 454,273 454,273
    (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 5 631,373
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		631,373
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 631,373
    e Excess from 2020....  
    Form 990-PF (2020)
    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 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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).)
    NONE
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    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)
    aPaid during the year
    ALAMO COLLEGES FOUNDATION INC
    2222 N ALAMO ST
    SAN ANTONIO,TX78215     		N/A PC Hands-on student lab activities with equipment used in neuroscience, faculty training, and community outreach at Northeast Lakeview College 3,590
    BOWDOIN COLLEGE
    3530 COLLEGE STA
    BRUNSWICK,ME04011     		N/A PC for the Interactive Neurophysiology Workshop to Promote Neuroscience Research in Undergraduate Colleges in Puerto Rico 32,995
    CALIFORNIA STATE UNIVERSITY DOMINGUEZ HILLS FOUNDA
    WELCH HALL 360
    CARSON,CA90747     		N/A PC Course-based undergraduate research experiences through neuroscience aimed at underrepresented STEM majors at California State University, Dominguez Hills 7,319
    MARINE BIOLOGICAL LABORATORY
    7 MBL ST
    WOODS HOLE,MA02543     		N/A PC August Grass Fellowship Program expenses 118,246
    MARINE BIOLOGICAL LABORATORY
    7 MBL ST
    WOODS HOLE,MA02543     		N/A PC Additional April and June Grass Fellowship Program expenses 4,588
    MARINE BIOLOGICAL LABORATORY
    7 MBL ST
    WOODS HOLE,MA02543     		N/A PC Additional June Grass Fellowship Program expenses 7,282
    MARINE BIOLOGICAL LABORATORY
    7 MBL ST
    WOODS HOLE,MA02543     		N/A PC Additional November Grass Fellowship Program expenses 745
    MARINE BIOLOGICAL LABORATORY
    7 MBL ST
    WOODS HOLE,MA02543     		N/A PC July Grass Fellowship Program expenses 4,001
    MARINE BIOLOGICAL LABORATORY
    7 MBL ST
    WOODS HOLE,MA02543     		N/A PC January-March 2020 Grass Fellowship Program Expenses 15,325
    MARINE BIOLOGICAL LABORATORY
    7 MBL ST
    WOODS HOLE,MA02543     		N/A PC Neurobiology and Neural Systems and Behavior courses at the MBL for 2020-2022 162,000
    MARINE BIOLOGICAL LABORATORY
    7 MBL ST
    WOODS HOLE,MA02543     		N/A PC November Grass Fellowship Program expenses 3,164
    MARINE BIOLOGICAL LABORATORY
    7 MBL ST
    WOODS HOLE,MA02543     		N/A PC October Grass Fellowship Program expenses 27,919
    MARINE BIOLOGICAL LABORATORY
    7 MBL ST
    WOODS HOLE,MA02543     		N/A PC to fund the salary and fringe expense of the Grass Fellowship coordinator 31,912
    MARINE BIOLOGICAL LABORATORY
    7 MBL ST
    WOODS HOLE,MA02543     		N/A PC September Grass Fellowship Program expenses 17,121
    UNIVERSITY OF ARIZONA
    SPONSORED PROJECTS SERVICES PO B
    TUCSON,AZ85733     		N/A GOV for the NEURON: Neuroscience Education in Undergraduate Research, Outreach, and Networking Project 32,959
    UNIVERSITY OF ARIZONA
    SPONSORED PROJECTS SERVICES PO B
    TUCSON,AZ85733     		N/A GOV The Grass Foundation Outreach Initiative 13,889
    UNIVERSITY OF ARIZONA FOUNDATION
    1111 N CHERRY AVE
    TUCSON,AZ85721     		N/A PC Neuroscience Hands-On Teaching Workshop 8,520
    UNIVERSITY OF CALIFORNIA IRVINE FOUNDATION
    100 THEORY STE 250
    IRVINE,CA92617     		N/A PC Black in Neuro 2,000
    UNIVERSITY OF THE INCARNATE WORD
    4301 BROADWAY STE 315
    SAN ANTONIO,TX78209     		N/A PC Activities aimed at a low-cost, high impact approach to promote and enrich neuroscience at the University of the Incarnate Word 5,820
    UNIVERSITY OF THE INCARNATE WORD
    4301 BROADWAY STE 315
    SAN ANTONIO,TX78209     		N/A PC the Moving Beyond Access to Promote Student Success in STEM Project 32,993
    URUGUAY CULTURAL FOUNDATION FOR THE ARTS
    1913 EYE ST NW
    WASHINGTON,DC20006     		N/A PC DIY/DIWO/BYOD Neuroscience for All Project 3,327
    Total .................................bullet 3a 535,715
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    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
    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 3,898  
    4 Dividends and interest from securities....     14 193,291  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 4,381 18 1,056,934  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 231 14 674,368  
    bFederal Tax Refund     01 6,029  
    cINTEREST FROM NOTE RECEIVABLE     14 34,615  
    dSFN CONFERENCE REIMBURSEMENT     01 5,431  
    e
    12 Subtotal. Add columns (b), (d), and (e).. 4,612 1,974,566  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,979,178
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


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

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    The Grass Foundation
     
    Employer identification number

    04-6049529
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    The Grass Foundation
          		Employer identification number
    04-6049529
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Loewenstein Birgit Rose
    400 Smoke Trail Lane
     
    Sedona, AZ86336

    		$ 20,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    The Grass Foundation
          		Employer identification number

    04-6049529
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    The Grass Foundation
          		Employer identification number

    04-6049529
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Audit Fees 22,629     22,629

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

    TY 2020 DepreciationSchedule
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2020 GeneralExplanationAttachment
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Identifier Return Reference Explanation
    Part I, Line 6 Form 990-PF, Part I, Line 6a: RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $1,056,934 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $4,381 TOTAL PART I, LINE 6A: $1,061,315 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRADED SECURITIES GROSS SALES PRICE: $11,698,451 BOOK BASIS: $11,664,879 NET GAIN/(LOSS): $33,572 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $1,023,362
    Form 926 Form 926 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2U INC 16,297 26,847
    AAR CORP 3,443 3,513
    ABBOTT LABS 3,910 4,708
    ACCENTURE PLC 8,656 10,710
    ACI WORLDWIDE INC 22,576 29,322
    ADECCO S.A. UNSP/ADR 6,949 7,852
    ADIDAS AG 7,961 9,332
    AERCAP HOLDING N.V 15,898 15,360
    AERIE PHARMACEUTICALS INC 36,815 34,937
    AIA GROUP LTD ADR 23,027 26,972
    AIRBUS GROUP 8,938 7,950
    ALCON INC 22,432 23,885
    ALIBABA GROUP HOLDING LTD 75,274 77,498
    ALIGN TECHNOLOGY, INC 10,744 20,841
    ALLIANZ SE 3,929 5,423
    ALLSTATE CORP 24,701 22,865
    ALPHABET INC CL A 19,642 22,784
    ALPHABET INC CL C 19,659 22,774
    ALTERYX INC 7,323 6,577
    ALTRA HLDGS INC 13,855 19,179
    AMADEUS IT HLDS SA 3,401 3,456
    AMAZON COM 38,044 55,367
    AMBARELLA INC 16,161 32,504
    AMDOCS LIMITED 18,080 17,662
    AMER EQ INV LIFE HLD 8,420 7,717
    AMEREN CORPORATION 5,724 5,386
    AMERICAN CAMPUS COMMUNITIES 9,266 8,468
    AMERICAN ELECTRIC POWER INC 16,939 15,821
    AMERICAN WATER WORKS COMPANY I 12,493 14,273
    AMERICAN WOODMARK CORP 14,562 18,770
    AMERICOLD REALTY TRUST 2,259 2,240
    ANALOG DEVICES INC 16,535 20,830
    ANGLO AM PLC ADR 8,461 10,870
    ANNALY MTG MGMT INC. COM 10,391 8,847
    ANSYS INC 10,660 12,005
    APPLE INC 13,342 21,496
    APTAR GROUP INC 6,262 8,077
    APTIV PLC 9,390 15,114
    ARCH CAPITAL GROUP LTD 19,454 17,386
    ASML HOLDING NV NY REG SHS 11,464 17,070
    ASPEN TECHNOLOGY, INC 11,541 12,244
    AT&T, INC 6,357 4,975
    AUTODESK, INC 28,150 41,221
    AUTOMATIC DATA PROCESSING INC 13,221 13,391
    AVALONBAY CMNTYS INC 3,507 2,567
    AVERY DENNISON CORP 3,501 4,188
    AVISTA CORP 7,830 6,422
    AXOGEN INC COM 20,408 30,663
    BAE SYSTEMS PLC 7,172 5,973
    BAIRD AGGREGATE BOND FUND CLAS 1,983,001 1,978,793
    BAKER HUGHES COMPANY 1,745 1,647
    BANCO BILBAO ARG SA 4,946 4,367
    BAXTER INTERNATIONAL INC 5,221 4,654
    BAYERISCHE MOTOREN WERKE AG AD 5,015 6,340
    BEST BUY INC 8,093 7,484
    BIOMARIN PHARMACEUTICAL INC 6,816 5,086
    BJ'S WHLSL CLUB INC 11,043 10,960
    BLACK HILLS CORP 9,119 6,944
    BLACKROCK INC 7,430 9,380
    BOEING CO 25,272 33,179
    BRAMBLES LTD UNSP AD 5,943 6,412
    BRILLIANCE CHINA AUTOMOTIVE 1,567 1,522
    BRISTOL-MYERS SQUIBB CO 11,157 10,545
    BROADCOM INC 14,347 19,265
    BROADRIDGE FINANCIAL 6,637 8,273
    BROWN & BROWN INC 17,066 17,257
    BUNZL PLC SPONSORED ADR 4,488 5,984
    BURBERRY GROUP PLC 4,711 4,445
    BURLINGTON STORES, INC 16,668 18,309
    CABLE ONE INC 16,070 20,049
    CACTUS, INC. CLASS A 8,470 7,821
    CALRSBERG AS SP ADR REP B 6,442 7,069
    CANADIAN NATL RAILWAY CO 6,838 7,580
    CAP GEMINI SA UNSP/ADR 5,837 7,029
    CARLISLE COS INC 18,165 19,523
    CARPENTER TECH 32,415 31,508
    CATALENT INC 12,618 18,004
    CATCHMARK TIMBER TRUST INC 23,952 21,266
    CBRE GROUP 14,841 17,750
    CDW CORP 19,383 19,769
    CELANESE CORPORATION 6,547 10,525
    CERNER CORPORATION 11,996 12,321
    CHAMPIONX CORP 9,430 7,482
    CHARLES RIV LABORATORIES INTL 1,361 1,999
    CHEESECAKE FACTORY INC 8,210 7,857
    CHEVRON CORP 16,885 13,428
    CHINA GAS HOLDINGS LTD 5,193 5,419
    CHIPOTLE MEX GRILL 10,012 20,801
    CHUBB LIMITED 13,182 12,929
    CISCO SYSTEMS INC 32,296 29,759
    CITRIX SYSTEMS INC 3,981 3,903
    CME GROUP, INC 9,323 8,374
    CMS ENERGY CP 4,455 4,088
    CNOOC LTD ADS 5,022 2,841
    COLGATE-PALMOLIVE COMPANY 10,321 11,629
    COLUMBIA BANKING SYSTEM, INC 11,682 11,452
    COMCAST CORP 17,563 20,279
    COMMVAULT SYSTEMS, INC 12,875 14,175
    COMPAGNIE DE SAINT G 6,174 7,184
    COMPAGNIE FINANCIERE RICHEMONT 5,294 6,292
    CONOCOPHILLIPS 4,863 3,799
    COOPER COMPANIES INC 13,781 14,169
    COPART INC 13,801 17,815
    COSAN LIMITED CL A 5,520 4,497
    COSTAR GROUP, INC 12,187 14,788
    CREDICORP LTD 5,274 4,101
    CROWN CASTLE INTL 4,549 4,457
    CUMMINS INC 3,928 5,450
    CVB FINANCIAL CORPORATION 7,174 6,689
    D R HORTON 7,208 9,373
    DBS GROUP HLDGS SPON ADR 7,081 7,833
    DEERE CO 22,745 36,591
    DENNYS CORPORATION 14,450 11,025
    DEUTSCHE BOERSE ADR 6,814 6,760
    DEUTSCHE POST AG 8,480 10,217
    DEUTSCHE WOHNEN SE UNSPON ADR 5,556 7,046
    DEVON ENERGY CORPORATION 3,674 3,020
    DEXCOM, INC 7,577 11,461
    DIAGEO PLC ADS 7,437 7,464
    DIGITAL RLTY TR INC 7,753 8,371
    DIODES 14,370 18,612
    DISCOVER FINL SVCS COM 4,245 7,152
    DNB NOR ASA SPONSOR ADR 14,380 15,512
    DONALDSON CO. INC 1,544 1,565
    DORMAN PRODUCTS INC 16,620 20,403
    DTE ENERGY CO COM 2,967 3,885
    DUKE ENERGY CO 2,055 2,106
    DYCOM INDS INC 8,299 13,065
    EAGLE MATERIALS INC 7,712 8,919
    EAGLE PHARMACEUTICALS INC 7,857 6,706
    EATON CORP PLC 5,264 6,728
    EBAY INC 7,585 8,291
    ELI LILLY & CO 9,996 11,481
    ENEL SOCIETA PER AZI 4,977 6,882
    ENPRO INDUSTRIES INC 9,510 12,310
    EOG RESOURCES INC 5,953 5,685
    EPAM SYSTEMS INC 20,477 31,535
    EQUINOR ASA 6,162 6,322
    EQUITY LIFESTYLE PRP 2,334 2,281
    ERSTE BK DER OEST SP 4,977 4,169
    EURONET WORLDWIDE INC 26,886 29,564
    EVERSOURCE ENERGYINC 5,618 5,364
    EVO PAYMENTS INC 21,434 22,688
    EXPEDITORS INTL WASH INC 13,993 17,976
    EXTRA SPACE STORAGE 3,543 4,287
    F.N.B CORPORATION 7,934 8,056
    FACEBOOK INC 34,697 44,798
    FACTSET RESH SYST INC 9,990 11,305
    FANUC LIMITED UNSPONSORED 4,964 6,592
    FASTENAL COMPANY 7,072 9,034
    FERRO CORP 7,272 8,778
    FIDELITY NATIONAL INFORMATION 5,130 5,375
    FIFTH THIRD BANCORP 11,497 11,855
    FIRST ENERGY CORP 13,758 8,357
    FIRST FINANCIAL BANCORP 8,594 6,434
    FIRST INDUSTRIAL REALTY TRUST 6,998 6,614
    FIRST INTERSTATE BANCSYSTEM IN 17,103 18,387
    FIRST MIDWEST BANCORP, INC 9,538 8,485
    FIRST TRUST ISE CLOUD COMPUTIN 179,938 301,814
    FIVE BELOW INC 14,143 21,173
    FLIR SYSTEMS INC 5,558 7,188
    FLOOR AND DECOR HOLDINGS 6,976 8,542
    FREEPORT-MCMORAN COPPER & GOLD 2,082 2,212
    FRESH DEL MONTE PROD 9,713 7,173
    FRESHPET INC 8,712 18,175
    G III APPAREL GRP LTD 8,794 8,048
    GALLAGHER ARTHUR J & CO 11,848 13,732
    GEA GROUP AG ADR 6,087 7,255
    GEN DYNAMICS CP 7,138 7,292
    GENERAC HOLDING INC 8,893 17,511
    GENMARK DIAGNOSTICS INC 5,177 16,834
    GILEAD SCIENCES INC 3,384 2,913
    GLATFELTER 10,089 9,517
    GLAUKOS CORP 21,407 27,018
    GLAXOSMITHKLINE PLC 7,173 6,035
    GLOBAL BLOOD THERAPEUTICS INC 22,216 22,521
    GRACO INC 10,275 13,240
    GRAND CANYON EDUCATION, INC 15,416 17,412
    GROUPE DANONE ADS 7,197 6,144
    HARSCO CORP 7,219 8,415
    HDFC BANK LTD ADR 11,100 13,657
    HEALTHCARE REALTY TRUST 11,169 9,324
    HEALTHCARE SVCS GROUP INC 30,076 30,601
    HEARTLAND EXPRESS INC 12,699 11,494
    HEICO CORP 8,710 10,195
    HENRY JACK & ASSOC INC 5,932 5,994
    HESS CORP 3,695 3,326
    HITACHI LTD 7,019 7,384
    HOME DEPOT INC 16,430 18,328
    HONEYWELL INTL 13,806 16,591
    HONG KONG EX&CL UNSP/ADR 5,108 7,664
    HUB GROUP, INC 8,073 8,265
    HUMANA INC 5,577 6,154
    HUNT J B 7,998 9,975
    IBERDROLA ADR 4,912 6,038
    ICICI BK LTD ADS 3,744 3,626
    ICON PLC - AMERICAN DEPOSITARY 13,819 15,403
    IDEX CP 7,423 8,366
    IDEXX CORP 9,928 16,996
    ILLUMINA INC COM 13,431 16,650
    INDEPENDENT BANK GROUP INC 9,561 11,066
    INDUSTRIA DE DISENO 10,035 10,282
    INDUSTRIAL & COM UNSP/ADR 7,774 6,930
    INFINEON TECH ADS 6,255 9,638
    INSULET CORPORATION 12,943 16,360
    INTERNATIONAL BUSINESS MACHINE 16,949 14,602
    INTESA SANPAOLO SPA 4,655 4,995
    INTUITIVE SURGICAL 6,170 9,817
    INVITATION HOMES INC. 13,590 13,246
    ISHARES CORE MSCI EAFE ETF 249,000 280,573
    ISHARES MSCI USA MIN VOLATILIT 265,269 265,410
    ISHARES RUSSELL 2000 222,712 307,225
    ISHARES S&P 500 INDEX FD 1,179,811 1,390,819
    ISHARES TRUST RUSSELL MIDCAP I 533,610 639,433
    ITT INC 17,289 19,255
    JACK IN THE BOX INC 11,677 15,498
    JACOBS ENGINEERING GP 12,399 13,947
    JAZZ PHARMACEUTICALS INC 7,294 8,418
    JD.COM, INC 5,923 6,417
    JELD WEN HOLDING INC 3,299 4,413
    JOHNSON & JOHNSON 25,675 27,069
    JP MORGAN CHASE 31,533 31,259
    JULIUS BAER GROUP LTD 5,928 6,797
    JUNIPER NETWORKS 6,961 6,370
    KANSAS CITY SOUTHERN 10,090 13,064
    KBC GROUP SA UNSP ADR 6,724 7,676
    KEMPER CORP 8,350 8,835
    KEURIG DR PEPPER INC 8,508 9,760
    KEYSIGHT TECHNOLOGIES INC 17,698 23,512
    KIMBERLY CLARK CORP 7,828 7,416
    KITE RLTY GROUP TRUST 4,473 3,994
    KLA TENCOR CORP 9,052 12,946
    KNOLL INC 8,340 5,065
    KNORR BREMSE ADR 5,099 6,214
    KNOWLES CORPORATION 16,576 18,780
    KOMATSU LTD 6,854 7,224
    KONINKLIJKE AHOLD DELHAIZE NV 4,774 5,759
    KONINKLIJKE PHILIPS ELECTRONIC 11,681 12,838
    KORN FERRY INTL 8,603 9,222
    L'AIR LIQUIDE ADR OTC 5,812 6,315
    L3HARRIS TECHNOLOGIES 5,337 5,671
    LAM RESEARCH CORP 11,309 16,057
    LAMB WESTON HOLDINGS INC 19,468 17,559
    LEAR CORP 7,683 10,814
    LIGAND PHARMACEUTICALS INC 17,426 20,188
    LITTELFUSE, INC 14,470 27,249
    LIVERAMP HOLDINGS INC 15,210 28,398
    LKQ CORPORATION 8,209 8,599
    LOCKHEED MARTIN CORP 19,943 16,684
    LOEWS CORP 10,585 8,824
    LONZA GROUP AG UNSP/ADR 5,669 8,074
    LPL FINANCIAL HOLDINGS INC 4,291 4,690
    MARKETAXESS HOLDINGS, INC 6,244 10,270
    MARSH AND MCLENNAN COMPANIES I 12,161 12,285
    MARTIN CURRIE SMA-SHARES SERIE 111,639 150,828
    MASCO CORP 5,537 6,537
    MCDONALD'S CORP 6,717 6,867
    MCGRATH RENTCORP 11,406 9,461
    MEDIA GENERAL CL A 12,894 13,622
    MEDTRONIC PLC 10,485 11,128
    MERCADOLIBRE, INC 4,762 11,727
    MERCK & CO INC 20,026 19,877
    MERCK KGAA SPON ADR EACH REPR 7,410 9,520
    MERCURY COMPUTER SYSTEMS 10,910 12,064
    MICROCHIP TECHNOLOGY INC 14,486 18,231
    MICROSOFT CORP 49,838 59,830
    MID-AMERICA APT COMMUNITIES IN 8,236 7,348
    MINERAL TECH INC 9,785 10,685
    MONDELEZ INTERNATIONAL INC 4,653 4,678
    MONOLITHIC POWER SYSTEMS, INC 12,349 23,805
    MONRO MUFFLER BRAKE, INC 37,174 36,404
    MONSTER BEVERAGE CORP 20,988 27,836
    MOOG INC CL A 11,304 9,833
    MSCI INC 9,450 10,270
    MUELLER WATER PRODUCTS INC 11,599 11,811
    MURATA MFG INC UNSP/ADR 4,816 6,889
    NATIONAL GRID TRANSCO PLC 4,727 4,663
    NATL OILWELL VARCO 5,985 3,446
    NCR CP 17,977 20,776
    NEOGEN CORPORATION 11,372 12,609
    NEOGENOMICS INC 13,229 20,836
    NESTLE S.A 10,610 11,309
    NEUBERGER BERMAN ALTRNTIVE FDS 589,132 651,612
    NEW RELIC INC 12,725 13,865
    NEXTERA ENERGY, INC 6,573 7,561
    NORDEA BANK ABP 6,840 6,414
    NORTHERN TRUST CORPORATION 8,231 8,569
    NORTHROP GRUMMAN CORP 5,693 4,876
    NORTHWESTERN CORP 14,479 11,429
    NOVARTIS AG ADR 25,538 25,685
    NOVO NORDISK A S 6,430 7,055
    NVIDIA CORP 20,377 36,554
    OCADO GROUP PLC 4,234 7,482
    OIL CO LUKOIL PJSC SPON ADR RE 3,475 3,691
    OMNICELL, INC 10,996 15,003
    ORACLE CORP 25,415 29,499
    OXFORD INDUSTRIES 4,726 4,651
    PACIFIC PREMIER BANCORP INC 6,309 10,276
    PACKAGING CORP AMER 7,735 10,343
    PACWEST BANCORP 7,054 4,928
    PARKER HANNIFIN CP 5,701 7,627
    PARSONS ORD SHS 28,256 26,252
    PATTERSON COMPANIES INC COM 8,077 13,363
    PAYCHEX 3,272 4,007
    PAYCOM SOFTWARE 14,147 23,065
    PAYLOCITY CORP 7,363 12,972
    PDC ENERGY INC 3,567 3,572
    PEBBLEBROOK HOTEL TR COM 7,475 6,448
    PENTAIR INC. COM 2,108 3,238
    PEPSICO INC 10,830 11,123
    PERNOD-RECARD SA 8,309 10,431
    PERSHING SQUARE TONTINE HOLDIN 9,010 11,227
    PHIBRO ANIMAL HEALTH CORP 5,907 4,428
    PHILIP MORRIS INTL 8,353 8,031
    PHILLIPS 66 3,594 3,637
    PIEDMONT OFFICE REALTY TRUST I 11,349 8,066
    PIMCO INCOME FUND 311,566 313,892
    PING AN INSURANCE GROUP ADR 9,716 10,168
    PINNACLE FINANCIAL PARTNERS IN 9,501 10,046
    PINNACLE WEST CAPITAL CORP 2,017 2,079
    PLEXUS CORPORATION INC 11,168 11,653
    PNC FINANCIAL GROUP INC 15,048 16,390
    PNM RESOURCES INC 8,263 10,094
    POOL CORP 11,855 19,370
    PORTFOLIO RECOVERY ASSOCIATES, 13,227 13,643
    PPG INDUSTRIES INC 8,317 9,807
    PROCTER GAMBLE CO 13,937 15,723
    PROGRESS SOFTWARE CORP 9,238 9,400
    PROSUS NV ADR 14,055 18,437
    PRUDENTIAL HIGH YIELD FUND CLA 194,438 193,384
    PRUDENTIAL SHORT-TERM CORPOROR 1,121,000 1,133,490
    PS BUSINESS PARKS, INC 13,812 11,161
    PT BANK RAKYAT ADR 5,363 4,781
    PT TELEKOM. IND. TBK ADR 2,868 2,423
    PTC INC 8,352 11,841
    QUALCOMM INC 13,327 21,937
    QUALYS INC COM 6,935 8,531
    RBC BEARINGS INCORPORATED 4,133 4,118
    RECKITT BENCKISER GROUP 5,855 5,998
    REGENERON PHARMACEUTICALS INC 17,492 19,808
    REGIONS FINANCIAL CORP 10,775 10,994
    RENASANT CORPORATION 8,141 9,094
    REPLIGEN CORP 8,599 13,414
    REPUBLIC SVCS INC 17,171 17,045
    RESMED INC 11,592 15,304
    REYNOLDS CONSUMER PRODUCTS INC 16,227 16,192
    RITCHIE BROS AUCTIONEERS 9,649 15,649
    ROCHE HOLDING AG GENUSSCHEIN ( 22,585 33,232
    ROCHE HOLDING LTD ADR 34,534 34,940
    ROCKWELL AUTOMATION INC 7,795 9,531
    ROYAL DUTCH SHELL CL A 7,783 8,398
    RUSH ENTERPRISES, INC 9,961 13,710
    RWE AKTIENGESELLSCHAF 5,743 6,748
    SAIA, INC 11,496 20,069
    SALESFORCE.COM 20,288 28,929
    SANDERSON FARMS INC 10,442 10,179
    SANDS CHINA LTD UNSP ADR 11,027 10,122
    SANDY SPRING BANCORP INC 10,463 9,882
    SANOFI-AVENTIS SPONSORED ADR 6,161 5,879
    SAP AKTIENGESELL ADS 16,305 15,256
    SBERBANK SPONSORED ADR 4,667 4,191
    SCHLUMBERGER LTD 11,273 8,710
    SCHNEIDER ELEC UNSP/ADR 9,381 12,680
    SEA LTD 4,992 5,374
    SEI INVESTMENTS 12,862 11,092
    SELECTIVE INS GROUP INC 16,129 16,142
    SHENKMAN SHORT DURATION HIGH I 310,000 315,865
    SIEMENS AG 10,223 10,625
    SIKA AG BEARER SHS 2,960 4,003
    SILICON LABORATORIES, INC 14,301 17,955
    SIMPSON MANUFACTURING CO INC 9,556 10,560
    SMC CORPORATION 7,425 9,247
    SMITH & NEPHEW PLC ADR 7,129 6,579
    SONOCO PRODUCTS COMPANY 3,669 3,911
    SONY CORP ADR 7,994 11,323
    SOUTH STATE CORPORATION 11,706 11,857
    SOUTHERN COPPER CORP 3,074 5,079
    SOUTHWEST GAS CP 9,665 7,655
    SPDR SER TR S&P OIL & GAS EXPL 1,972 2,633
    STAG INDUSTRIAL INC 11,156 10,555
    STANLEY BLACK & DECKER INC 9,125 11,249
    STARBUCKS CORP COM 16,994 20,219
    SUNNY OPTICAL TECHNOLOGY GROUP 4,790 5,202
    SVENSKA HANDELSBK UNS ADR 4,794 4,702
    SYNOPSYS, INC 12,893 20,998
    T. ROWE PRICE GROUP 7,798 8,781
    TAIWAN SEMICONDUCTOR MFG CO LT 32,979 59,644
    TAKE-TWO INTERACTIVE SOFTWARE 8,496 15,376
    TAKEDA PHARMACEUTICAL COMPANY 6,405 5,879
    TARGET CORPORATION 12,726 18,536
    TE CONNECTIVITY LTD 3,774 5,085
    TECHTRONIC INDS SPD ADR 3,730 5,709
    TELEFONOS DE MEX L 2,427 2,959
    TEMENOS GROUP AG 7,737 7,364
    TENCENT HOLDINGS LIMITED 28,746 38,174
    TEXAS INSTRUMENTS INC 13,357 16,741
    THE HERSHEY COMPANY 4,060 3,961
    TOWNEBANK 9,365 8,852
    TRACTOR SUPPLY CO COM 14,502 15,464
    TRANE TECHNOLOGIES PLC 8,798 12,339
    TRANSUNION COM USD0.01 10,231 10,716
    TREX CO INC 9,085 15,070
    TRI POINTE HOMES INC COM 8,738 8,625
    TRIMAS CORPORATION 8,631 11,116
    TRUEBLUE, INC 6,818 7,457
    TURKCELL ILETISIM HIZMETLERI A 1,838 1,639
    TYLER TECHNOLOGIES, INC 11,136 14,405
    UCB UNSP ADR 6,909 5,967
    UMB FINANCIAL CORPORATION 8,375 9,245
    UMPQUA HOLDINGS CORPORATION 8,593 8,494
    UNDER ARMOUR INC CL A 7,786 8,482
    UNIFIRST CP 12,275 12,701
    UNION PACIFIC 17,609 20,197
    UNITED BANKSHARES, INC 5,964 5,832
    UNITED COMMUNITY BANKS, INC 11,455 12,485
    UNITED PARCEL SERVICE 4,838 7,410
    UNITED RENTALS INC 6,323 9,508
    UNITEDHEALTH GROUP INC 8,876 11,222
    UNIVERSAL HLTH SVC B 9,338 10,863
    US BANCORP 14,053 13,930
    VAIL RESORTS INC 2,381 2,790
    VALERO ENERGY CORP 5,685 4,130
    VEEVA SYSTEMS INC 10,646 16,607
    VERISIGN INC 8,704 10,171
    VERISK ANALYTICS, INC 12,000 14,739
    VERIZON COMMUNICATIONS 10,250 10,281
    VESTAS WIND SYS UNSP/ADR 5,019 10,718
    VISA INC 42,116 45,276
    VULCAN MATERIALS CO 6,076 8,009
    WAL-MART STORES INC 8,255 9,802
    WALT DISNEY HOLDINGS CO 19,792 28,264
    WASTE MANAGEMENT INC 8,620 8,373
    WEC ENERGY GROUP, INC 6,960 6,442
    WESTERN ASSET MACRO OPPORTUNIT 302,930 324,814
    WHITEBREAD PLC AMERICAN 5,496 4,616
    WOLVERINE WORLDWIDE 8,226 8,094
    WORKDAY INC 6,045 10,543
    XCEL ENERGY INC 6,275 6,134
    YUM BRANDS INC 9,491 9,988
    YUM CHINA HOLDINGS INC 20,232 23,921
    ZIMMER BIOMET HOLDINGS 13,342 13,406
    ZIONS BANCORP 5,235 5,082
    ZURICH INS GROU ADR 6,319 7,009

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CFI MULTI-STRATEGY BOND FUND,   4,177,758 3,674,029
    CFI MULTI-STRATEGY EQUITY FUND   7,661,398 8,917,441
    COMMONFUND CAPITAL PARTNERS VI   355,418 430,410

    TY 2020 LegalFeesSchedule
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 8,561     8,561


    TY 2020 OtherExpensesSchedule
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 73,807     73,807
    Bank Charges 92 92    
    Computers/Electronic Devices 1,484     1,484
    Foundation Dues & Memberships 765     765
    Indemnification Insurance 1,786     1,786
    K-1 Exp CFI MULTI-STRATEGY BON 6,781 6,781    
    K-1 Exp CFI MULTI-STRATEGY EQU 98,829 98,829    
    K-1 Exp COMMONFUND CAPITAL PAR 26,308 20,015    
    LATE FEES/PENALTIES 20      
    OFFICE EXPENSE 309     309
    Postage/Delivery Service 184     184
    State or Local Filing Fees 284     284
    Storage Fee 1,634     1,634
    Website Hosting/Support 187     187


    TY 2020 OtherIncomeSchedule2
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss CFI MULTI-STRATEGY BOND FUND, LLC 131,632 131,632  
    K-1 Inc/Loss CFI MULTI-STRATEGY EQUITY FUND, LLC 541,064 541,064  
    K-1 Inc/Loss COMMONFUND CAPITAL PARTNERS VII LP 1,903 1,569  
    Federal Tax Refund 6,029    
    Interest Income from Note Receivable 34,615 34,615  
    SFN Conference Reimbursement 5,431    


    TY 2020 OtherIncreasesSchedule
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Description Amount
    RETURNED GRANTS 1,921


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

    TY 2020 OtherNotesLoansRcvblLongSch
    Name:
    The Grass Foundation
    EIN:
    04-6049529

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    CAVENDISH IMPACT FOUNDATION   250,000 134,615 2018-03 2023-04 INTEREST AND PRINCIPAL DUE AT MATURITY 12 % NONE OPERATING EXPENSES CASH 250,000

    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMIN SUPPORT REIMB & EXP 111,857     111,857
    Investment Management Services 97,312 97,312    
    Philanthropic Consulting Srvcs 500     500
    GRASS FELLOWS PROGRAM STIPENDS 453     453
    Website Development 480     480


    TY 2020 TaxesSchedule
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 15,100      
    Foreign Tax Paid 142 142