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
M K Reichert Sternlicht 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

81-0807556
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$72,815,489J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 45,169 45,169  
4 Dividends and interest from securities... 2,089,877 2,089,877  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,649,436
b Gross sales price for all assets on line 6a 19,286,342
7 Capital gain net income (from Part IV, line 2)... 3,884,839
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 20,494 20,247  
12 Total. Add lines 1 through 11........ 5,804,976 6,040,132  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 133,125     133,125
15 Pension plans, employee benefits....... 13,032     13,032
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 42,798 42,798    
17 Interest............... 14     14
18 Taxes (attach schedule) (see instructions)... Click to see attachment 101,800      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 308     308
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 183,889 62,287   120,140
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 474,966 105,085   266,619
25 Contributions, gifts, grants paid....... 3,056,888 3,056,888
26 Total expenses and disbursements. Add lines 24 and 25 3,531,854 105,085   3,323,507
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,273,122
b Net investment income (if negative, enter -0-) 5,935,047
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......... 9,184,953 9,925,275 9,925,275
3 Accounts receivable bullet1,796
Less: allowance for doubtful accounts bullet     1,796 1,796
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) bullet100,000
Less: allowance for doubtful accounts bullet   100,000 Click to see attachment100,000 100,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,706,219 Click to see attachment1,835,019 1,949,677
b Investments—corporate stock (attach schedule)....... 48,409,299 Click to see attachment46,245,089 53,179,657
c Investments—corporate bonds (attach schedule)....... 2,307,326 Click to see attachment5,230,244 5,421,060
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,394,559 Click to see attachment2,038,055 2,238,024
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) 63,102,356 65,375,478 72,815,489
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 63,102,356 65,375,478
29 Total net assets or fund balances (see instructions)..... 63,102,356 65,375,478
30 Total liabilities and net assets/fund balances (see instructions). 63,102,356 65,375,478
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
63,102,356
2
Enter amount from Part I, line 27a .....................
2
2,273,122
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
65,375,478
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
65,375,478
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 19,286,342   15,477,739 3,808,603
b       76,236
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       3,808,603
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 3,884,839
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 82,497
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 82,497
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 82,497
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 126,200
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.............. 7 126,200
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 43,703
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet43,703 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    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)
    bulletDE
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    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
    Miriam Klein Sternlicht Dir, Pres, Sec
    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
    Mr Richard Zimmerman Executive Director
    15.0     		93,750    
    3850 N Wilke Rd
    Arlington Heights,IL60004
    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
    Foundation Source Administrative 117,615
    55 Walls Drive 3rd Floor
    Fairfield,CT06824
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    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
    53,244,738
    b
    Average of monthly cash balances.......................
    1b
    9,846,863
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,312,094
    d
    Total (add lines 1a, b, and c).........................
    1d
    65,403,695
    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
    65,403,695
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    981,055
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    64,422,640
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,221,132
    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
    3,221,132
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    82,497
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    82,497
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,138,635
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,138,635
    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
    3,138,635
    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
    3,323,507
    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
    3,323,507
    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
    3,323,507
    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 3,138,635
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 3,250,032
    b Total for prior years:2018, 2017, 2016  
    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........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,323,507
    a Applied to 2019, but not more than line 2a 3,250,032
    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..... 73,475
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020.    
    (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 ..........     		 
    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 ..........     		3,065,160
    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 ......     		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.... 0
    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).)
    Miriam Klein Sternlicht
    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
    ACUMEN FUND INC
    40 WORTH ST STE 303
    NEW YORK,NY10013     		N/A PC Acumen America fund 25,000
    ACUMEN FUND INC
    40 WORTH ST STE 303
    NEW YORK,NY10013     		N/A PC Acumen America Fund 100,000
    ALLIANCE OF ARTISTS COMMUNITIES
    53 BROAD ST UNIT 23212
    PROVIDENCE,RI02903     		N/A PC Foundation House new Artist Residency Program 1,000
    ALLIANCE OF ARTISTS COMMUNITIES
    53 BROAD ST UNIT 23212
    PROVIDENCE,RI02903     		N/A PC General & Unrestricted 3,000
    AMERICAN FRIENDS OF ALYN HOSPITAL INC
    122 E 42ND ST RM 1519
    NEW YORK,NY10168     		N/A PC General & Unrestricted 5,000
    BAIL PROJECT INC
    PO BOX 102592
    PASADENA,CA91189     		N/A PC General & Unrestricted 10,000
    BIG PICTURE FOUNDATION
    369 ROUND HILL RD
    GREENWICH,CT06831     		N/A PC General & Unrestricted 10,000
    BOREALIS PHILANTHROPY
    126 N 3RD ST STE 500
    MINNEAPOLIS,MN55401     		N/A PC Communities Transforming Policing Fund 10,000
    BOYS CLUB OF NEW YORK INC
    287 E 10TH ST
    NEW YORK,NY10009     		N/A PC General & Unrestricted 5,000
    BROWN UNIVERSITY
    GIFT CASHIER BOX 1877
    PROVIDENCE,RI02912     		N/A PC General & Unrestricted 599,638
    CAPITAL INSTITUTE
    PO BOX 22
    STONINGTON,CT06378     		N/A PC General & Unrestricted 5,000
    CASA NUEVA VIDA INC
    53 GLEN RD
    JAMAICA PLAIN,MA02130     		N/A PC General & Unrestricted 5,000
    CHICAGO CARES INC
    641 W LAKE ST STE 200
    CHICAGO,IL60661     		N/A PC COVID 19 Food Insecurity Program 10,000
    CHILD MIND INSTITUTE INC
    101 E 56TH ST
    NEW YORK,NY10022     		N/A PC General & Unrestricted 5,000
    CITIZENS FOR RESPONSIBILITY AND ETHICS IN WASHINGT
    1101 K ST NW
    WASHINGTON,DC20005     		N/A PC General & Unrestricted 5,000
    COMMUNITY HABILITATION CENTER INC
    11450 SW 79TH ST
    MIAMI,FL33173     		N/A PC General & Unrestricted 5,000
    DEMOCRACY WORKS INC
    20 JAY ST STE 840
    BROOKLYN,NY11201     		N/A PC General & Unrestricted 25,000
    ENTERPRISE COMMUNITY PARTNERS INC
    11000 BROKEN LAND PKWY STE 700
    COLUMBIA,MD21044     		N/A PC General & Unrestricted 75,000
    EQUAL JUSTICE INITIATIVE
    122 COMMERCE ST
    MONTGOMERY,AL36104     		N/A PC General & Unrestricted 25,000
    FAIRFIELD COUNTYS COMMUNITY FOUNDATION INC
    40 RICHARDS AVE
    NORWALK,CT06854     		N/A PC Center for Nonprofit Excellence 10,000
    FAIRFIELD COUNTYS COMMUNITY FOUNDATION INC
    40 RICHARDS AVE
    NORWALK,CT06854     		N/A PC Community Impact Fund 10,000
    FEEDING AMERICA
    161 N CLARK ST SUITE 700
    CHICAGO,IL60601     		N/A PC COVID 19 FUND 10,000
    FEEDING AMERICA
    161 N CLARK ST SUITE 700
    CHICAGO,IL60601     		N/A PC COVID 19 RESPONSE FUND 40,000
    GIVING BACK FUND INC
    5757 W CENTURY BLVD STE 410
    LOS ANGELES,CA90045     		N/A PC Giving Group Community Fund 1,000
    GIVING BACK FUND INC
    5757 W CENTURY BLVD STE 410
    LOS ANGELES,CA90045     		N/A PC Nexus Global Fund 10,000
    GIVING BACK FUND INC
    5757 W CENTURY BLVD STE 410
    LOS ANGELES,CA90045     		N/A PC Peace Department 10,000
    GREENWICH EMERGENCY MEDICAL SERVICE INCORPORATED
    1111 E PUTNAM AVE
    RIVERSIDE,CT06878     		N/A PC General & Unrestricted 10,000
    GREENWICH RIDING & TRAILS ASSOCIATION INC
    PO BOX 1403
    GREENWICH,CT06836     		N/A PC General & Unrestricted 10,000
    HARTFORD FOUNDATION FOR PUBLIC GIVING
    10 COLUMBUS BLVD 8TH FL
    HARTFORD,CT06106     		N/A PC 4-CT Statewide Covid-19 Relief Fund 50,000
    HUMANITY FORWARD FOUNDATION
    PO BOX 15320
    WASHINGTON,DC20003     		N/A PC General & Unrestricted 10,000
    IDEOORG
    444 SPEAR ST
    SAN FRANCISCO,CA94105     		N/A PC General & Unrestricted 10,000
    IMPACTASSETS INC
    4340 EAST WEST HWY STE 210
    BETHESDA,MD20814     		N/A PC M K Reichert Sternlicht Fund 800,000
    ISRAAID US INC
    PO BOX 61227
    PALO ALTO,CA94306     		N/A PC IsraAid Mental Health CoVid 19 initiative 25,000
    ISRAAID US INC
    PO BOX 61227
    PALO ALTO,CA94306     		N/A PC Tech Challenge 25,000
    JEWISH BOARD OF FAMILY & CHILDRENS SERVICES INC
    135 WEST 50TH ST 6TH FLOOR
    NEW YORK,NY10020     		N/A PC Cycle of Support 2,500
    NATIONAL TRUST FOR HISTORIC PRESERVATION IN THE UN
    199 ELM ST
    NEW CANAAN,CT06840     		N/A PC General & Unrestricted 15,000
    NATIONAL TRUST FOR HISTORIC PRESERVATION IN THE UN
    199 ELM ST
    NEW CANAAN,CT06840     		N/A PC Glass House Fund 15,000
    NATURE CONSERVANCY - CONNECTICUT CHAPTER
    55 CHURCH ST FLOOR 3
    NEW HAVEN,CT06510     		N/A PC General & Unrestricted 10,000
    NEW PROFIT INC
    225 FRANKLIN ST SUITE 350
    BOSTON,MA02110     		N/A PC Inclusion Impact Fund 100,000
    NEW PROFIT INC
    225 FRANKLIN ST SUITE 350
    BOSTON,MA02110     		N/A PC Unlocked Futures FUnd 50,000
    NEW PROFIT INC
    225 FRANKLIN ST SUITE 350
    BOSTON,MA02110     		N/A PC General & Unrestricted 150,000
    NO LIMIT GENERATION INC
    3400 PROSPECT ST NW
    WASHINGTON,DC20007     		N/A PC General & Unrestricted 10,000
    OCEANIC GLOBAL FOUNDATION
    160 W 16TH ST APT 5L
    NEW YORK,NY10011     		N/A PC Charitable Event 7,500
    ONEGOAL
    55 EXCHANGE PL STE 503
    NEW YORK,NY10005     		N/A PC General & Unrestricted 75,000
    PEN AMERICAN CENTER INC
    588 BROADWAY RM 303
    NEW YORK,NY10012     		N/A PC Charitable Event 5,000
    PEN AMERICAN CENTER INC
    588 BROADWAY RM 303
    NEW YORK,NY10012     		N/A PC General & Unrestricted 10,000
    PLANNED PARENTHOOD OF SOUTHERN NEW ENGLAND INC
    345 WHITNEY AVE
    NEW HAVEN,CT06511     		N/A PC Charitable Event 10,000
    PRX INCORPORATED
    1380 SOLDIERS FIELD RD STE 2600
    BOSTON,MA02135     		N/A PC 99% Invisible and The Heart fund 3,000
    ROCKEFELLER PHILANTHROPY ADVISORS INC
    6 WEST 48TH ST 10TH FLOOR
    NEW YORK,NY10036     		N/A PC Upstart Co-Lab Fund 50,000
    SAG HARBOR CINEMA ARTS CENTER INC
    PO BOX 152
    SAG HARBOR,NY11963     		N/A PC General & Unrestricted 500
    SAG HARBOR COMMUNITY FOOD PANTRY INC
    PO BOX 1241
    SAG HARBOR,NY11963     		N/A PC General & Unrestricted 250
    SAG HARBOR VOLUNTEER AMBULANCE CORPS
    PO BOX 2725
    SAG HARBOR,NY11963     		N/A PC General & Unrestricted 250
    SAG HARBOR VOLUNTEER FIRE DEPT
    PO BOX 209
    SAG HARBOR,NY11963     		N/A PC General & Unrestricted 250
    SANDY HOOK PROMISE FOUNDATION
    PO BOX 3489
    NEWTOWN,CT06470     		N/A PC General & Unrestricted 5,000
    SEVENTH REGIMENT ARMORY CONSERVANCY INC DBA PARK A
    643 PARK AVE 3RD FL
    NEW YORK,NY10065     		N/A PC General & Unrestricted 50,000
    SEVENTH REGIMENT ARMORY CONSERVANCY INC DBA PARK A
    643 PARK AVE 3RD FL
    NEW YORK,NY10065     		N/A PC Charitable Event 50,000
    SHATTERPROOF A NONPROFIT CORP
    101 MERRITT 7 CORPORATE PARK 1ST FL
    NORWALK,CT06851     		N/A PC General & Unrestricted 10,000
    SHINING HOPE FOR COMMUNITIES INC
    11 PARK PL 3RD FL
    NEW YORK,NY10007     		N/A PC Corona fighting fund 10,000
    SHINING HOPE FOR COMMUNITIES INC
    11 PARK PL 3RD FL
    NEW YORK,NY10007     		N/A PC General & Unrestricted 100,000
    SHINING HOPE FOR COMMUNITIES INC
    11 PARK PL 3RD FL
    NEW YORK,NY10007     		N/A PC Covid-19 Response Fund 50,000
    SOCIAL GOOD FUND
    PO BOX 5473
    RICHMOND,CA94805     		N/A PC Tight Lipped Podcast-Health Issue Awareness 8,000
    SPACE ON THE FARM INC
    PO BOX 699
    NEW YORK,NY10013     		N/A PC General & Unrestricted 5,000
    ST JUDE CHILDRENS RESEARCH HOSPITAL INC
    501 ST JUDE PL
    MEMPHIS,TN38105     		N/A PC General & Unrestricted 5,000
    THE GOOD NATION FOUNDATION INC
    601 W 26TH ST
    NEW YORK,NY10001     		N/A PC One For Democracy Fund 100,000
    THE GREENWICH LAND TRUST INC
    370 ROUND HILL RD
    GREENWICH,CT06831     		N/A PC General & Unrestricted 20,000
    TRUSTEES OF COLUMBIA UNIVERSITY Department of Ped
    516 W 168TH ST FL 3
    NEW YORK,NY10032     		N/A PC General & Unrestricted 50,000
    UJA FEDERATION OF GREENWICH
    1 HOLLY HILL LN
    GREENWICH,CT06830     		N/A PC UJA-JCC GREENWICH Fund 5,000
    UNITED STATES EQUESTRIAN TEAM FOUNDATION INC
    PO BOX 355
    GLADSTONE,NJ07934     		N/A PC General & Unrestricted 10,000
    URBAN JUSTICE CENTER
    40 RECTOR ST 9TH FL
    NEW YORK,NY10006     		N/A PC General & Unrestricted 5,000
    WORLD CENTRAL KITCHEN INCORPORATED
    655 NEW YORK AVE NW 6TH FL
    WASHINGTON,DC20001     		N/A PC General & Unrestricted 50,000
    WORLD CENTRAL KITCHEN INCORPORATED
    655 NEW YORK AVE NW 6TH FL
    WASHINGTON,DC20001     		N/A PC COVID 19 RESPONSE fund 50,000
    Total .................................bullet 3a 3,056,888
    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 45,169  
    4 Dividends and interest from securities....     14 2,089,877  
    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 3,649,436  
    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 -367 14 18,111  
    bINTEREST INCOME FROM NOTES     14 2,750  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -367 5,805,343  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,804,976
    (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

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

    TY 2020 DepreciationSchedule
    Name:
    M K Reichert Sternlicht Foundation
    EIN:
    81-0807556
    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:
    M K Reichert Sternlicht Foundation
    EIN:
    81-0807556
    Identifier Return Reference Explanation
    Form 8865 Explanation Form 8865 - Controlled Foreign Partnership Reporting THE TAXPAYER MAY BE REQUIRED TO FILE U.S. FORM 8865, BUT IS NOT DOING SO UNDER THE CONSTRUCTIVE OWNERSHIP EXCEPTION. THE TAXPAYER HAS AN INTEREST IN MICROVEST SHORT DURATION FUND, LP, 7315 WISCONSIN AVENUE, SUITE 300W BETHESDA, MD 20814 EIN: 27-2981077 WHICH FILED FORM 8865'S OR WAS A PARTNER IN FUNDS THAT FILED FORM 8865'S FOR THE YEAR ENDED 12/31/2020.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    M K Reichert Sternlicht Foundation
    EIN:
    81-0807556
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALLEGION US HOLDING CO - 3.200 85,912 88,649
    ALPHABET INC - 1.100% - 08/15/ 115,197 113,428
    ALTRIA GROUP INC - 4.400% - 02 77,730 77,792
    AMC NETWORK - 5.000% - 04/01/2 19,375 19,309
    AMC NETWORKS INC - 4.750% - 08 64,080 66,093
    AMERICAN TOWER CORP - 3.375% - 11,095 11,234
    AMERICAN TOWER CORP BOND - 4.0 63,259 65,505
    APPLE INC - 2.850% - 02/23/202 169,268 178,425
    ASIAN DEV BK - 1.875% - 08/01/ 89,874 92,386
    AT&T INC - 4.100% - 02/15/2028 29,906 30,567
    ATT INC - 3.800% - 02/15/2027 47,818 48,339
    BANK AMER CORP - 2.456% - 10/2 173,147 181,224
    BANK OF NOVA SCOTIA - 2.375% - 171,326 177,006
    BECTON DICKINSON - 3.363% - 06 17,292 17,393
    BOOKING HOLDINGS INC - 4.100% 54,829 55,570
    BROADCOM CORP/BROADCOM CAYMAN 87,040 93,152
    CARLISLE COS INC NOTE CALL - 3 86,604 89,884
    CDK GLOBAL INC - 4.875% - 06/0 17,213 17,935
    CDK GLOBAL INC - 5.875% - 06/1 58,651 62,945
    CDW CORP - 3.250% - 02/15/2029 73,730 74,438
    CDW LLC / CDW FIN CORP - 4.250 12,653 12,669
    CENTURYLINK INC NOTE - 0.000% 87,290 87,203
    CITIGROUP INC - 1.678% - 05/15 179,453 180,326
    CITRIX SYS INC - 4.500% - 12/0 86,622 94,074
    DISCOVERY COMMUNICATIONS LLC - 86,623 89,470
    DOLLAR TREE INC - 4.200% - 05/ 70,238 77,361
    DUKE ENERGY - 3.350% - 05/15/2 127,006 130,188
    EURO BK RECON & DEV - 0.250% - 314,935 315,090
    EUROPEAN INVESTMENT BANK - 2.5 164,857 178,662
    FISERV INC - 3.200% - 07/01/20 31,256 31,365
    FORTUNE BRANDS HOME & SEC - 4. 37,224 38,135
    HP INC NOTE - 3.000% - 06/17/2 76,086 79,446
    IDAHO ENERGY RES AUTH - 2.297% 81,639 89,116
    IHS MARKIT LTD - 3.625% - 05/0 87,610 90,535
    INTERNATIONAL BK - 0.375% - 07 134,817 134,600
    JUNIPER NETWORKS INC - 3.750% 86,180 93,357
    KLA-TENCOR SR GLBL NT - 4.650% 86,696 88,782
    KOHLS CORP - 4.250% - 07/17/20 94,625 98,402
    KRAFT HEINZ FOODS CO - 3.950% 85,480 89,203
    MASCO CORP NT - 5.950% - 03/15 78,662 77,727
    MICROSOFT TECH - 4.333% - 06/0 87,254 88,718
    MIDAMERICAN ENERGY CO - 3.100% 156,970 179,360
    MOTOROLA SOLUTIONS INC - 4.000 85,962 89,384
    PFIZER INC - 2.625% - 04/01/20 132,208 133,938
    PRICELINE GRP INC NOTE - 0.036 17,998 18,185
    QVC INC - 4.450% - 02/15/2025 86,209 88,627
    QVC INC NOTE - 4.750% - 02/15/ 12,250 15,015
    REYNOLDS AMERICAN - 4.450% - 0 74,038 77,451
    SBA COMMUNICATIONS CORP - 4.87 70,953 70,775
    SERVICE CORP INTL NOTE - 4.625 81,853 83,070
    STARBUCKS CORP - 2.450% - 06/1 116,940 135,082
    TOTAL SYS SVCS - 0.000% - 06/0 86,665 88,721
    TRINITY ACQUISITION PLC - 4.40 61,285 61,750
    UNITED RENTALS - 5.500% - 05/1 80,447 80,250
    UNIVERSITY CALIFORNIA - 3.309% 69,363 79,230
    VERISK ANALYTICS INC - 4.000% 73,589 77,030
    VERIZON - 3.875% - 02/08/2029 135,922 134,963
    VERIZON COMMUNICATIONS INC - 4 87,569 88,402
    WESTERN DIGITAL CORP - 4.750% 85,203 88,400
    WILLIS NORTH AMERICA - 3.600% 26,385 27,298
    ZIMMER BIOMET HLDGS - 3.550% - 77,883 78,426

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    M K Reichert Sternlicht Foundation
    EIN:
    81-0807556
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALLIANCEBERN GLOBAL THEMATIC G 2,000,000 2,868,412
    AMERICAN AIRLINES GROUP INC 6,527,393 2,364,207
    APPLE INC 1,970,700 9,715,031
    ASHMORE EMERGING MARKETS 1,500,000 1,514,019
    BLACKROCK EUROFUND I 1,500,000 1,767,822
    BOSTON COMMON INTERNATIONAL 3,300,000 4,026,173
    BROWN ADVISORY SUSTAINABILITY 2,300,000 2,657,130
    EQUINIX, INC 1,509,385 2,455,351
    ISHARES MSCI EAFE MINIMUM VOLA 1,756,817 1,789,662
    ISHARES MSCI USA MIN VOLATILIT 766,155 1,016,707
    ISHARES S&P GLOBAL I 2,199,338 2,095,064
    MICRON TECHNOLOGY 118,030 166,373
    MORGAN STANLEY ASIA OPPORTUNIT 2,100,000 2,535,668
    PAX WORLD GLOBAL GREEN FD INST 500,000 724,573
    PAX WORLD HIGH YIELD BOND-IN 750,000 767,699
    SLACK TECHNOLOGIES CLASS A ORD 182,829 254,623
    SPOTIFY TECHNOLOGY SA 133,476 285,711
    STARWOOD PROPERTY TRUST INC 14,938,633 13,968,781
    VANGUARD SF REIT ETF 2,192,333 2,206,651

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    M K Reichert Sternlicht Foundation
    EIN:
    81-0807556
    US Government Securities - End of Year Book Value:

    417,861
    US Government Securities - End of Year Fair Market Value:

    444,772
    State & Local Government Securities - End of Year Book Value:


    1,417,158
    State & Local Government Securities - End of Year Fair Market Value:


    1,504,905


    TY 2020 InvestmentsOtherSchedule2
    Name:
    M K Reichert Sternlicht Foundation
    EIN:
    81-0807556
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LEGACY VENTURE IX LLC   370,476 489,619
    LEGACY VENTURE X, LLC   29,049 28,673
    MICROVEST SHORT DURATION FUND,   275,151 262,726
    NEW SUMMIT IMPACT FUND II-B, L   136,517 151,867
    ROSE AFFORDABLE HOUSING PRESER   199,936 159,213
    SKELLIG DST WATER FUND   619,337 707,228
    SOSV IV LP   112,061 129,784
    THE SOCIAL ENTREPRENEURS FUND   103,132 116,518
    THIS BAR SAVES LIVES LLC   192,396 192,396

    TY 2020 OtherExpensesSchedule
    Name:
    M K Reichert Sternlicht Foundation
    EIN:
    81-0807556
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 117,615     117,615
    Bank Charges 2,176 2,176    
    K-1 Exp LEGACY VENTURE IX LLC 24,919 24,919    
    K-1 Exp LEGACY VENTURE X, LLC 951 951    
    K-1 Exp MICROVEST SHORT DURATI 3,872 3,872    
    K-1 Exp NEW SUMMIT IMPACT FUND 9,422 8,045    
    K-1 Exp ROSE AFFORDABLE HOUSIN 64 64    
    K-1 Exp SKELLIG DST WATER FUND 6,698 6,688    
    K-1 Exp SOSV IV LP 4,329 4,329    
    K-1 Exp THE SOCIAL ENTREPRENEU 10,123 10,123    
    K-1 Exp THIS BAR SAVES LIVES L 1,145 1,120    
    PAYROLL PENALTY 50      
    State or Local Filing Fees 25     25
    IRS ADVANCED APPROVAL APP FEE 2,500     2,500


    TY 2020 OtherIncomeSchedule2
    Name:
    M K Reichert Sternlicht Foundation
    EIN:
    81-0807556
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss LEGACY VENTURE IX LLC 124 124  
    K-1 Inc/Loss MICROVEST SHORT DURATION FUND, L.P 18,024 18,024  
    K-1 Inc/Loss NEW SUMMIT IMPACT FUND II-B, L.P 3,170 2,933  
    K-1 Inc/Loss SKELLIG DST WATER FUND 14,754 14,744  
    K-1 Inc/Loss SOSV IV LP 163 163  
    K-1 Inc/Loss THE SOCIAL ENTREPRENEURS FUND III LP 1,155 1,155  
    K-1 Inc/Loss THIS BAR SAVES LIVES LLC -19,646 -19,646  
    Interest Income from Notes 2,750 2,750  


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    TY 2020 OtherNotesLoansRcvblLongSch
    Name:
    M K Reichert Sternlicht Foundation
    EIN:
    81-0807556

    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
    NOTE - LOCAL INITIATIVES SUPPORT CORP   100,000 100,000 2019-04 2026-05   275 %        

    TY 2020 OtherProfessionalFeesSchedule
    Name:
    M K Reichert Sternlicht Foundation
    EIN:
    81-0807556
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 42,798 42,798    


    TY 2020 TaxesSchedule
    Name:
    M K Reichert Sternlicht Foundation
    EIN:
    81-0807556
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 101,800