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 CHILDRENS INVESTMENT FUND FOUNDATION
DBA BIG WIN PHILANTHROPY C/O DAY PITNEY
Number and street (or P.O. box number if mail is not delivered to street address)BLUE BACK SQ75 ISHAM RD NO 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WEST HARTFORD, CT061072237
A Employer identification number

04-3632641
B Telephone number (see instructions)

(202) 827-6374
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$176,714,291J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 167 167  
4 Dividends and interest from securities... 2,129,112 2,129,112  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,649,775
b Gross sales price for all assets on line 6a 32,938,470
7 Capital gain net income (from Part IV, line 2)... 1,649,775
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 -981,751 -1,076,273  
12 Total. Add lines 1 through 11........ 2,797,303 2,702,781  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 153,300 30,660   122,640
14 Other employee salaries and wages...... 81,760 0   81,760
15 Pension plans, employee benefits....... 27,701 5,540   22,161
16a Legal fees (attach schedule)......... Click to see attachment 19,458 0   19,458
b Accounting fees (attach schedule)....... Click to see attachment 176,190 52,903   123,287
c Other professional fees (attach schedule).... Click to see attachment 2,616,518 0   2,616,518
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 180,283 52,522   17,576
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,051 0  
20 Occupancy.............. 11,554 0   11,554
21 Travel, conferences, and meetings....... 196,748 9,726   187,022
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 465,223 416,207   47,110
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,929,786 567,558   3,249,086
25 Contributions, gifts, grants paid....... 5,293,503 5,293,503
26 Total expenses and disbursements. Add lines 24 and 25 9,223,289 567,558   8,542,589
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,425,986
b Net investment income (if negative, enter -0-) 2,135,223
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............. 1,090,209 9,190,243 9,190,243
2 Savings and temporary cash investments......... 54,534,951 46,353,665 46,353,665
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,179,788 Click to see attachment554,010 605,876
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).......... 98,035,115 Click to see attachment94,313,599 120,562,586
14 Land, buildings, and equipment: basis bullet17,752
Less: accumulated depreciation (attach schedule) bullet16,130 1,176 Click to see attachment1,622 1,622
15 Other assets (describe bullet) Click to see attachment299 Click to see attachment299 Click to see attachment299
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 156,841,538 150,413,438 176,714,291
Liabilities 17 Accounts payable and accrued expenses.......... 3,683 1,569
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)......... 3,683 1,569
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........... 156,837,855 150,411,869
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 156,837,855 150,411,869
30 Total liabilities and net assets/fund balances (see instructions). 156,841,538 150,413,438
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
156,837,855
2
Enter amount from Part I, line 27a .....................
2
-6,425,986
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
150,411,869
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
150,411,869
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 P 2020-01-01 2020-12-31
b CAPITAL GAIN/LOSS -PARTNERSHIPS P 2020-01-01 2020-12-31
c DISPOSITION -MARATHON-LONDON INTL INVESTMENT P 2017-01-01 2020-12-31
d DISPOSITION -CAPULA GLOBAL VALUE FUND L.P P 2017-01-01 2020-12-31
e DISPOSITION -JCP INVSTMT PARTNERSHIP LP P 2019-01-01 2020-12-31
PARTIAL REDEMPTION -FORT GLOBAL OFFSHORE FUND SPC-CLASS C P 2017-09-01 2020-12-31
PARTIAL REDEMPTION -CF DAVIDSON KEMPNER INTERNATIONAL (BVI) LTD P 2018-01-01 2020-12-31
PARTIAL REDEMPTION -AACP TAX-EXEMPT INVESTORS V LP P 2019-01-01 2020-12-31
REDEMPTION -CF BRIDGEWATER FUND LIMITED S P 2019-01-01 2020-12-31
PARTIAL REDEMPTION -CF DOUBLELINE OPPORTUNISTIC INCOME FUND LTD CL A SER 1 P 2017-09-01 2020-12-31
PARTIAL REDEMPTION -HILLHOUSE FUND IV FEEDER, LP P 2019-01-01 2020-12-31
PARTIAL REDEMPTION -ABDIEL QUALIFIED OFFSHORE PARTNERS LTD CLASS A 2018-01 P 2018-07-01 2020-12-31
PARTIAL REDEMPTION -SOROBAN OPPORTUNITIES CAYMAN FUND LTD-B P 2018-03-22 2020-12-31
PARTIAL REDEMPTION -CF ARROWSTREET GBL ALL COUNTRY ALPHA EXTENSION FD P 2019-01-01 2020-12-31
PARTIAL REDEMPTION -COATUE OFFSHORE FUND LTD P 2019-01-01 2020-12-31
PARTIAL REDEMPTION -HILLHOUSE FOCUSED GROWTH FUND V FEEDER, LP P 2020-01-01 2020-12-31
PARTIAL REDEMPTION -HILLHOUSE VENTURE FUND V FEEDER, LP P 2020-01-01 2020-12-31
PARTIAL REDEMPTION -HILLHOUSE FUND V FEEDER LP P 2020-01-01 2020-12-31
RETURN OF CAPITAL -TIGER GLOBAL LONG OPPORTUNITIES LTD P 2018-10-01 2020-12-31
(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 5,270,679   5,725,438 -454,759
b     365,713 -365,713
c 2,313,046   2,345,962 -32,916
d 5,996,152   5,996,866 -714
e 2,212,123   1,960,041 252,082
5,500,000   5,334,391 165,609
2,585,870   2,589,435 -3,565
8,686   7,818 868
1,445,199   2,000,000 -554,801
1,750,000   1,648,831 101,169
128,391   57,503 70,888
3,000,000   990,610 2,009,390
1,566,989   1,312,500 254,489
110,130   97,502 12,628
195,120     195,120
15,455   15,455 0
27,997   27,997 0
2,633   2,633 0
810,000   810,000 0
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       -454,759
b       -365,713
c       -32,916
d       -714
e       252,082
      165,609
      -3,565
      868
      -554,801
      101,169
      70,888
      2,009,390
      254,489
      12,628
      195,120
      0
      0
      0
      0
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 1,649,775
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 29,680
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 29,680
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 29,680
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 377,034
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.............. 7 377,034
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 347,354
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet347,354 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCT, NY
    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.BIGWIN.ORG
    14
    The books are in care ofbulletANCHIN BLOCK ANCHIN LLP Telephone no.bullet (212) 840-3456

    Located atbullet1375 BROADWAYNEW YORKNY ZIP+4bullet10018
    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
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JAMIE COOPER PRESIDENT AND CHAIR
    20.00     		0 0 0
    C/O THE CHILDRENS INVESTMENT FUND
    BLUE BACK SQUARE 75 ISHAM ROAD
    WEST HARTFORD,CT06107
    MARK DYBUL TRUSTEE
    1.00     		0 0 0
    C/O THE CHILDRENS INVESTMENT FUND
    BLUE BACK SQUARE 75 ISHAM ROAD
    WEST HARTFORD,CT06107
    SUPROTIK BASU TRUSTEE
    1.00     		0 0 0
    C/O THE CHILDRENS INVESTMENT FUND
    BLUE BACK SQUARE 75 ISHAM ROAD
    WEST HARTFORD,CT06107
    MALIK DECHAMBENOIT TRUSTEE
    1.00     		0 0 0
    C/O THE CHILDRENS INVESTMENT FUND
    BLUE BACK SQUARE 75 ISHAM ROAD
    WEST HARTFORD,CT06107
    BILL HANEY TRUSTEE
    1.00     		0 0 0
    C/O THE CHILDRENS INVESTMENT FUND
    BLUE BACK SQUARE 75 ISHAM ROAD
    WEST HARTFORD,CT06107
    NIKOS MAKRIS TRUSTEE
    1.00     		0 0 0
    C/O THE CHILDRENS INVESTMENT FUND
    BLUE BACK SQUARE 75 ISHAM ROAD
    WEST HARTFORD,CT06107
    CHRISTOPHER KLATELL COO AND GENERAL COUNSEL
    24.00     		153,300 0 0
    C/O THE CHILDRENS INVESTMENT FUND
    BLUE BACK SQUARE 75 ISHAM ROAD
    WEST HARTFORD,CT06107
    DZINGAI MUTUMBUKA TRUSTEE
    3.00     		0 0 0
    C/O THE CHILDRENS INVESTMENT FUND
    BLUE BACK SQUARE 75 ISHAM ROAD
    WEST HARTFORD,CT06107
    LUISA DIOGO TRUSTEE
    1.00     		0 0 0
    C/O THE CHILDRENS INVESTMENT FUND
    BLUE BACK SQUARE 75 ISHAM ROAD
    WEST HARTFORD,CT06107
    DR KESETE ADMASU CEO
    5.00     		0 0 0
    C/O THE CHILDRENS INVESTMENT FUND
    BLUE BACK SQUARE 75 ISHAM ROAD
    WEST HARTFORD,CT06107
    MICHELLE HARRISON TRUSTEE
    1.00     		0 0 0
    C/O THE CHILDRENS INVESTMENT FUND
    BLUE BACK SQUARE 75 ISHAM ROAD
    WEST HARTFORD,CT06107
    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
    PAIGE SHOLAR PROGRAM ANALYST
    40.00     		81,760 0 0
    C/O THE CHILDRENS INVESTMENT FUND
    BLUE BACK SQ
    WEST HARTFORD,CT06107
    Total number of other employees paid over $50,000...................bullet 0
    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
    PEMANDU ASSOCIATES TECHNICAL ADVICE - ETHIOPIA YOUTH EMPLOYMENT 885,975
    LEVEL 21 SUNWAY PUTRA TOWER 100
    JALAN PUTRA
    KUALA LUMPUR   50350
    MY
    OESD GHANA EDUCATION CURRICULUM REFORM 387,607
    TENSCHERTSTRASSE 7
    VIENNA   1239
    AU
    ZENYSIS ETHIOPIA YOUTH EMPLOYMENT 304,973
    2325 3RD ST 213
    SAN FRANCISCO,CA94107
    CAMBRIDGE ASSOCIATES LLC INVESTMENT MANAGEMENT 244,313
    125 HIGH STREET
    BOSTON,MA021102112
    NORTHERN TRUST COMPANY INVESTMENT CUSTODIAL 166,924
    PO BOX 803878
    CHICAGO,IL60680
    Total number of others receiving over $50,000 for professional services.............bullet6
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (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
    112,697,748
    b
    Average of monthly cash balances.......................
    1b
    54,940,497
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    167,638,245
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    167,638,245
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,514,574
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    165,123,671
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    8,256,184
    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
    8,256,184
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    29,680
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    32,941
    c
    Add lines 2a and 2b............................
    2c
    62,621
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,193,563
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    8,193,563
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    8,193,563
    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
    8,542,589
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    8,542,589
    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
    8,542,589
    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 8,193,563
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 7,552,417
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 8,542,589
    a Applied to 2019, but not more than line 2a 7,552,417
    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..... 990,172
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 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 ..........     		7,203,391
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    AMERICAN FRIENDS OF LONDON SCHOOL OF HYGIENE & TROPICAL MEDICINE
    C/O CHAPEL YORK LTD 708 THIRD
    AVENUE 6TH FLOOR SUITE 34
    NEW YORK,NY10017     		NONE PC GENERAL PURPOSES 10,000
    AMHARA NATIONAL REGIONAL STATE HEAD OF GOVERNMENT OFFICE
    ADDIS ABABA
    ET     		NONE GOV IMPROVE LIVES OF YOUNG PEOPLE IN ETHIOPIA 27,500
    AMHARA NATIONAL REGIONAL STATE INDUSTRY & INVESTMENT BUREAU ETHIOPIA
    ADDIS ABABA
    ET     		NONE GOV IMPROVE LIVES OF YOUNG PEOPLE IN ETHIOPIA 38,684
    BROWN UNIVERSITY
    121 S MAIN ST
    PROVIDENCE,RI02903     		NONE PC GENERAL PURPOSES 10,000
    EDUCATE
    P O BOX 12302
    DENVER,CO80212     		NONE PC GENERAL PURPOSES 10,000
    EFDA - ETHIOPIA FOOD MEDICINE & HEALTHCARE ADMIN
    AFRICA AVENUE NEAR WOLOSEFER KIRKOS
    SUB CITY 02/03 KEBELLE 02 HOUSE NO
    ADDIS ABABA    
    ET     		NONE GOV FRAMEWORK FOR MANUFACTURING PERSONAL PROTECTIVE EQUIPMENT IN ETHIOPIA 61,222
    ELTON JOHN AIDS FOUNDATION
    584 BROADWAY STE 906
    NEW YORK,NY10012     		NONE PC GENERAL PURPOSES 25,000
    EPHA - ETHIOPIA PUBLIC HEALTH ASSOCIATION
    GABON STREET PO BOX 7117
    ADDIS ABABA    
    ET     		NONE PC CONDUCT BASELINE STUDY OF EARLY CHILDHOOD DEVELOPMENT 99,723
    ETHIOPIA FEDERAL MINISTRY OF HEALTH
    SUDAN STREET
    ADDIS ABABA    
    ET     		NONE GOV REDUCE CHILDHOOD STUNTING IN THE SEQOTA REGION 781,357
    ETHIOPIAN INVESTMENT COMMISSION
    P O 2313 AIRPORT ROAD KIRKOS
    SUB-CITY
    ADDIS ABABA    
    ET     		NONE GOV FOSTER GROWTH OF HIGH-QUALITY PPE 5,250
    ETHIOPIAN RED CROSS SOCIETY
    P O BOX 195 RAS DAMTEW AVENUE
    ADDIS ABABA    
    ET     		NONE NC ECRS - FRC CBHFA PROJECT: TO SUPPORT VULNERABLE POPULATION IMPACTED BY TIGRAY CONFLICT 250,000
    FRIENDS OF THE WORLD FOOD PROGRAM INC WORLD FOOD PROGRAM USA
    1725 I STREET NW NO 510
    WASHINGTON,DC20006     		NONE PC TO ADDRESS FOOD INSECURITY AND VULNERABLE POPULATIONS CAUSED BY CONFLICT AND LOCUSTS 250,000
    GIVE DIRECT INC
    P O BOX 3221
    NEW YORK,NY10008     		NONE PC US COVID CASH RELIEF 100,000
    HAILEMARIAM & ROMAN FOUNDATION
    P O BOX 27858 CODE 1000
    ADDIS ABABA    
    ET     		NONE PC GENERAL PURPOSES 10,000
    HOPEWELL FUND
    1201 CONNECTICUT AVE NW NO 300
    WASHINGTON,DC20036     		NONE PC ELLEN JOHNSON SIRLEAF PRESIDENTIAL CENTER / AMUJAE INITIATIVE 375,000
    INTERNATIONAL COMMITTEE OF THE RED CROSS
    44 MOORFIELDS
    LONDON   EC2Y 9AL
    UK     		NONE PC HUMANITARIAN RESPONSE IN MOZAMBIQUE 100,000
    JOHNS HOPKINS UNIVERSITY
    3910 KESWICK ROAD NO N4327B
    BALTIMORE,MD21211     		NONE PC COVID-19 149,819
    KING BAUDOUIN FOUNDATION US INC
    10 ROCKEFELLER PLAZA 16TH FLOOR
    NEW YORK,NY10020     		NONE PC GENERAL PURPOSES 10,000
    LEAD AFRICA
    222 CENTRAL PARK SOUTH 15
    NEW YORK,NY100191408     		NONE PC MONROVIA FOOTBALL ACADEMY 5,000
    LIBERIA - MINISTRY OF EDUCATION
    PO BOX 10-9012
    MONROVIA    
    LI     		NONE GOV IMPROVE TEACHER PERFORMANCE TO IMPROVE EDUCATIONAL OUTCOMES FOR LIBERIAN CHILDREN. 96,000
    MINISTRY OF EDUCATION GHANA
    MINISTRY BRANCH POST OFFICE PO BOX
    M45
    ACCRA    
    GH     		NONE GOV GHANA EDUCATION CURRICULUM REFORM 914,321
    NEW VENTURES FUND
    1201 CONNECTICUT AVENUE NW SUITE
    300
    WASHINGTON,DC20036     		NONE PC TO SUPPORT THE MIDDLE EAST AFRICA EDUCATION OUTCOMES FUND PROJECT 75,000
    NEW YORK PUBLIC RADIO
    160 VARICK STREET
    NEW YORK,NY10013     		NONE PC WNYC 10,000
    NUTRITION INTERNATIONAL
    180 ELGIN STREET SUITE 300
    ONTARIO   K29 2K3
    CA     		NONE PC SUPPORT AFRICAN DEVELOPMENT BANK WITH NUTRITION PROGRAM 183,591
    OROMIA NATIONAL REGIONAL GOVERNMENT
    OFFICE OF THE PRESIDENT
    ET     		NONE GOV DEVELOPMENT OF IMPLEMENTATION PLAN FOR JOB CREATION 43,000
    P E F ISRAEL ENDOWMENT FUNDS INC
    630 THIRD AVENUE 15TH FLOOR
    NEW YORK,NY10017     		NONE PC TECHNICAL ASSISTANCE FOR SEQOTA PROGRAM 23,997
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    1033 MASSACHUSETTS AVENUE 3RD FLOOR
    CAMBRIDGE,MA02138     		NONE PC HARVARD MINISTERIAL LEADERSHIP PROGRAM, HARVARD KENNEDY SCHOOL, DEAN'S COUNCIL, DEAN'S LEADERSHIP FUND AT THE HARVARD T.H. CHAN SCHOOL OF PUBLIC HEALTH 1,242,212
    STAYING ALIVE FOUNDATION INC
    1515 BROADWAY FLOOR 21
    NEW YORK,NY100364039     		NONE PC GENERAL PURPOSES 5,000
    TEACH FOR ALL INC
    25 BROADWAY 12TH FLOOR
    NEW YORK,NY10004     		NONE PC GENERAL PURPOSES 15,000
    THE AFRICA CENTER
    1280 FIFTH AVENUE
    NEW YORK,NY10029     		NONE PC GENERAL PURPOSES 5,000
    THE BROOKINGS INSTITUTION
    1775 MASSACHUSETTS AVE NW
    WASHINGTON,DC20036     		NONE PC SUPPORT FOR THE CENTER FOR UNIVERSAL EDUCATION (CUE) 5,000
    THE CARTER CENTER INC
    453 JOHN LEWIS FREEDOM PARKWAY
    ATLANTA,GA303071496     		NONE PC GENERAL PURPOSES 5,000
    THE TRUSTEES OF THE SMITH COLLEGE
    COLLEGE HALL 204 10 ELM STREET
    NORTHAMPTON,MA01063     		NONE PC ADVANCE WOMEN IN NON-TRADITIONAL FIELDS 15,000
    THINKPLACE KENYA
    9TH FL UNIT CD FCB MIHRAB BUILDING
    JUNC RING RD PO BOX 66797
    KILMANI,NAIROBI00800
    KE     		NONE NC NAMPULA BASELINE NUTRITION STUDY 36,827
    UNITED STATES ASSOCIATION FOR UNHCR
    1800 MASSACHUSETTS AVE NW SUITE 500
    WASHINGTON,DC20036     		NONE PC HUMANITARIAN RELIEF IN NORTHERN ETHIOPIA 250,000
    WORLD CENTRAL KITCHEN INC
    1342 FLORIDA AVENUE NW
    WASHINGTON,DC20009     		NONE PC GENERAL PURPOSES 50,000
    Total .................................bullet 3a 5,293,503
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		    14 167  
    4 Dividends and interest from securities....     14 2,129,112  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,649,775  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INVESTMENT INCOME     		    14 181,528  
    bOTHER INCOME/LOSS FROM PARTNERSHIPS     14 -1,257,801  
    cPARTNERSHIP INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX 523000 94,522      
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 94,522 2,702,781 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,797,303
    (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

    TY 2020 AccountingFeesSchedule
    Name:
    THE CHILDRENS INVESTMENT FUND FOUNDATION
     
    DBA BIG WIN PHILANTHROPY C/O DAY PITNEY
    EIN:
    04-3632641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING, TAX RETURN PREPARATION & CONSULTING FEES 128,690 52,903   75,787
    AUDIT FEES RELATING TO PREPARATION OF FINANCIAL STATEMENTS & GRANT REVIEW 47,500 0   47,500

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    TY 2020 DepreciationSchedule
    Name:
    THE CHILDRENS INVESTMENT FUND FOUNDATION
     
    DBA BIG WIN PHILANTHROPY C/O DAY PITNEY
    EIN:
    04-3632641
    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
    LAPTOP 2015-12-01 1,230 1,230 SL 3.000000000000 0 0    
    LAPTOP 2017-02-01 1,444 1,444 SL 3.000000000000 0 0    
    LAPTOP 2018-05-01 1,529 1,020 SL 3.000000000000 509 0    
    TECHSOUP 2019-01-01 1,000 334 SL 3.000000000000 333 0    
    WEBSITE DESIGN 2016-02-01 11,052 11,052 SL 3.000000000000 0 0    
    LAPTOP 2020-07-19 1,497   SL 3.000000000000 208 0    

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    TY 2020 ExpenditureResponsibilityStmt
    Name:
    THE CHILDRENS INVESTMENT FUND FOUNDATION
     
    DBA BIG WIN PHILANTHROPY C/O DAY PITNEY
    EIN:
    04-3632641
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    THINKPLACE KENYA
          		9TH FL UNIT CD FCB MIHRAB BUILDING
    JUNC RING RD PO BOX 66797
    KILMANI,NAIROBI00800
    KE     		2019-12-31 203,248 THE PURPOSE OF THE GRANT IS TO SUPPORT THE DEVELOPMENT OF COMMUNITY LABS IN CONNECTION WITH ETHIOPIA'S SEQOTA DECLARATION IN COLLABORATION WITH THE ETHIOPIAN GOVERNMENT.THE TOTAL GRANT OF $203,248 WAS FULLY APPROVED AND SETTLED ON DECEMBER 24, 2019. 27,005 NO DIVERSION OF FUNDS BY GRANTEE 2/14/19, 4/19/19, 7/3/19, 11/6/19    
    THINKPLACE KENYA
          		9TH FL UNIT CD FCB MIHRAB BUILDING
    JUNC RING RD PO BOX 66797
    KILMANI,NAIROBI00800
    KE     		2020-12-31 36,827 THE PURPOSE OF THE GRANT IS TO SUPPORT THE DEVELOPMENT OF THE NAMPULA BASELINE NUTRITION STUDY AND PROGRAM IN CONNECTION WITH ETHIOPIA'S SEQOTA DECLARATION IN COLLABORATION WITH THE ETHIOPIAN GOVERNMENT. 36,827 NO DIVERSION OF FUNDS BY GRANTEE 4/27/20    
    ETHIOPIAN RED CROSS SOCIETY
          		PO BOX 195 RAS DAMTEW AVENUE
    ADDIS ABABA    
    ET     		2020-12-01 250,000 TO SUPPORT VULNERABLE POPULATIONS IMPACTED BY THE CONFLICT IN TIGRAY. 240,464 NO DIVERSION OF FUNDS BY GRANTEE INTERIM REPORT RECEIVED AUGUST 3, 2021   THE ONLY VERIFICATION HAS BEEN BY CORRESPONDENCE; TIGRAY IS A WARZONE AND TRAVEL IS NOT POSSIBLE.

    TY 2020 GeneralExplanationAttachment
    Name:
    THE CHILDRENS INVESTMENT FUND FOUNDATION
     
    DBA BIG WIN PHILANTHROPY C/O DAY PITNEY
    EIN:
    04-3632641
    Identifier Return Reference Explanation
    CONTROLLED FOREIGN PARTNERSHIP REPORTING FORM 990-PF INDIRECT OWNERSHIP INTEREST IN KPS SPECIAL SITUATIONS FUND V (A), LP EIN: 98-1509288THE FOLLOWING OBLIGATIONS WILL BE SATISFIED BY CA RESOURCES FUND (U.S. TAX-EXEMPT), L.P. - SERIES KPS SPECIAL SITUATIONS FUNDS V (A). THE FUND WILL ATTACH FORM 8865 TO ITS FORM 1065 WHICH WILL BE FILED WITH THE INTERNAL REVENUE SERVICE CENTER IN OGDEN, UT 84201-0011.CA RESOURCES FUND (U.S. TAX-EXEMPT), L.P. - SERIES KPS SPECIAL SITUATIONS FUNDS V (A), LP'S TAX IDENTIFICATION NUMBER IS 84-3054793 AND ITS ADDRESS IS:125 HIGH STREETBOSTON, MA 02110

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE CHILDRENS INVESTMENT FUND FOUNDATION
     
    DBA BIG WIN PHILANTHROPY C/O DAY PITNEY
    EIN:
    04-3632641
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MFC ISHARES TRUST US TREASURY 20+ YEAR BD ETF 222,089 214,197
    MFC SPDR GOLD TR GOLD SHS 331,921 391,679

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE CHILDRENS INVESTMENT FUND FOUNDATION
     
    DBA BIG WIN PHILANTHROPY C/O DAY PITNEY
    EIN:
    04-3632641
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AACP TAX EXEMPT INVESTORS V L.P AT COST 479,723 494,300
    ABDIEL QUALIFIED OFFSHORE PRTNR AT COST 3,259,390 10,170,554
    ARROWSTREET CAPITAL GLOBAL ALL COUNTRY AT COST 3,065,766 3,529,984
    ARROWSTREET CAPITAL GLOBAL EQUITY LONG/SHORT FUND LTD AT COST 2,500,000 2,422,207
    ASIA ALTERNATIVES DELAWARE V LP AT COST 50,893 53,624
    BIOMATICS CAPITAL PARTNERS LP AT COST 378,661 456,187
    CA RESOURCES FUND (U.S. TAX-EXEMPT), L.P. - SERIES ADVENT INT'L GPE IX AT COST 339,618 439,965
    CA RESOURCES FUND (U.S. TAX-EXEMPT), L.P. - SERIES KPS SPECIAL SITUATIONS FD AT COST 187,595 190,767
    CAPITAL TODAY EVERGREEN FUND LP AT COST 1,193,470 2,022,223
    CENTERBRIDGE PARTNERS RE FND LP AT COST 642,696 575,967
    CF GOBI INVESTMENT FUND LTD AT COST 1,000,000 1,339,393
    CF SRS PARTNERS LTD CL B AT COST 3,500,000 3,935,728
    CF STC-CTF DURABLE COMPANIES AT COST 2,847,739 3,114,950
    CF THE KILTEARN GLOBAL EQTY FUN AT COST 4,993,945 4,993,954
    COATUE OFFSHORE FUND AT COST 1 1
    DAVIDSON KEMPER INTL (BVI) LTD AT COST 258,587 258,587
    DIAMETER OFFSHORE FUND L.P AT COST 4,000,000 5,717,090
    DOUBLELINE OPPTY INCOME FND L.P AT COST 1,050,067 1,149,317
    ECLIPSE FUND III, LP AT COST 369,426 429,721
    ELLIOT INTERNATIONAL LTD AT COST 419,500 449,592
    FARALLON EQTY PARTNERS INTL LTD AT COST 3,000,000 4,920,590
    FORT GLOBAL OFFSHORE FUNDS AT COST 447,062 502,371
    FORTRESS CREDIT OPPORTUNITIES FUND V (B) LP AT COST 1,072,949 1,172,769
    FORTRESS CREDIT OPPORTUNITIES FUND V EXPANSION (B) LP AT COST 24,750 25,000
    HILLHOUSE FOCUSED GROWTH FUND V FEEDER, LP AT COST 10,795 8,045
    HILLHOUSE FUND IV FEEDER, LP AT COST 1,025,157 1,313,345
    HILLHOUSE FUND V FEEDER LP AT COST 9,163 7,913
    HILLHOUSE VENTURE FUND V FEEDER, LP AT COST 23,253 20,253
    HIMALAYA CAP. INVESTORS (OFF) LP AT COST 5,000,000 7,621,018
    HOLLYPORT SECONDARY FUND LP AT COST 175,000 256,472
    ISAM SYSTEMATIC TREND SPV LTD AT COST 1,808,543 1,975,870
    LAKEWOOD CAP. OFFSHORE FUND LTD AT COST 5,492,529 5,391,959
    MANGROVE PARTNERS FUND (CAYMAN) AT COST 5,000,000 3,697,752
    NITORUM OFFSHORE FUND LTD AT COST 3,748,000 4,735,631
    OVERLOOK PARTNERS FUND LP AT COST 4,491,599 5,928,669
    RENAISSANCE INST EQTY FUND LLC AT COST 3,171,932 3,901,277
    SECTION 32 FUND 3, LP AT COST 123,453 125,871
    SOROBAN OPPTYS CAYMAN FUN LTD AT COST 3,937,500 5,561,120
    SUSTAINABLE ASSET FUND II LP AT COST 425,840 478,069
    THE ENGINE ACCELERATOR FUND L.P AT COST 458,651 620,503
    THE ENGINE FUND II, LP AT COST 12,013 12,500
    TIGER GLOBAL LONG OPPRTY LTD AT COST 5,830,000 9,658,649
    TIGER GLOBAL PRIV. INVSTMNT XI LP AT COST 1,766,550 2,401,667
    TIGER GLOBAL PRIV. INVSTMNT XII LP AT COST 867,070 720,849
    TPG PUBLIC EQUITY PARTNERS LP AT COST 3,500,000 3,379,093
    VERSANT VENTURE CAPITAL LP AT COST 601,397 640,946
    VOR OPPORTUNITIES FUND LTD SER E AT COST 3,000,000 3,353,330
    WHITESPRUCE FUND LTD SHARE CL A SER AT COST 4,000,000 4,493,479
    WNDRCO, LLC AT COST 765,267 562,984
    XIANG HE FUND II, LP AT COST 488,049 476,975
    YIHENG CAP. OFFSHORE PRTNRS LTD AT COST 3,500,000 4,853,506

    TY 2020 LandEtcSchedule2
    Name:
    THE CHILDRENS INVESTMENT FUND FOUNDATION
     
    DBA BIG WIN PHILANTHROPY C/O DAY PITNEY
    EIN:
    04-3632641
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAPTOP 1,230 1,230 0  
    LAPTOP 1,444 1,444 0  
    LAPTOP 1,529 1,529 0  
    TECHSOUP 1,000 667 333  
    WEBSITE DESIGN 11,052 11,052 0  
    LAPTOP 1,497 208 1,289  


    TY 2020 LegalFeesSchedule
    Name:
    THE CHILDRENS INVESTMENT FUND FOUNDATION
     
    DBA BIG WIN PHILANTHROPY C/O DAY PITNEY
    EIN:
    04-3632641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES IN CONNECTION WITH FOUNDATION MATTERS 19,458 0   19,458


    TY 2020 OtherAssetsSchedule
    Name:
    THE CHILDRENS INVESTMENT FUND FOUNDATION
     
    DBA BIG WIN PHILANTHROPY C/O DAY PITNEY
    EIN:
    04-3632641
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT 299 299 299


    TY 2020 OtherExpensesSchedule
    Name:
    THE CHILDRENS INVESTMENT FUND FOUNDATION
     
    DBA BIG WIN PHILANTHROPY C/O DAY PITNEY
    EIN:
    04-3632641
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL FEES 4,206 0   4,206
    OFFICE EXPENSE 17,421 0   17,421
    INVESTMENT MANAGEMENT FEES 411,237 411,237   0
    BANK CHARGES 4,970 4,970   0
    NON-DEDUCTIBLE EXPENSES 1,906 0   0
    IT SUPPORT 5,197 0   5,197
    MISC. EXPENSES 20,286 0   20,286


    TY 2020 OtherIncomeSchedule2
    Name:
    THE CHILDRENS INVESTMENT FUND FOUNDATION
     
    DBA BIG WIN PHILANTHROPY C/O DAY PITNEY
    EIN:
    04-3632641
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVESTMENT INCOME 181,528 181,528 181,528
    OTHER INCOME/LOSS FROM PARTNERSHIPS -1,257,801 -1,257,801 -1,257,801
    PARTNERSHIP INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX 94,522 0 94,522


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE CHILDRENS INVESTMENT FUND FOUNDATION
     
    DBA BIG WIN PHILANTHROPY C/O DAY PITNEY
    EIN:
    04-3632641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OUTSIDE CONTRACT SERVICES 836,468 0   836,468
    PROGRAM CONSULTING/TECHNICAL ADVICE 1,780,050 0   1,780,050


    TY 2020 TaxesSchedule
    Name:
    THE CHILDRENS INVESTMENT FUND FOUNDATION
     
    DBA BIG WIN PHILANTHROPY C/O DAY PITNEY
    EIN:
    04-3632641
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 17,576 0   17,576
    FOREIGN TAXES PAID 52,522 52,522   0
    FEDERAL UNRELATED BUSINESS INCOME TAX 110,000 0   0
    OTHER FEDERAL TAXES 185 0   0