Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
SERENA FOUNDATION INC
C/O DINSE PC
Number and street (or P.O. box number if mail is not delivered to street address)209 BATTERY STREET PO BOX 988
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BURLINGTON, VT05402
A Employer identification number

27-2994814
B Telephone number (see instructions)

(802) 864-5751
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$48,619,258J Accounting method:
MODIFIED CASH
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,456 1,456  
4 Dividends and interest from securities... 317,121 317,121  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,804,081
b Gross sales price for all assets on line 6a 12,254,011
7 Capital gain net income (from Part IV, line 2)... 2,804,081
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 34,847 34,847  
12 Total. Add lines 1 through 11........ 3,157,505 3,157,505  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 37,500 10,000   27,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 10,256 0   10,256
b Accounting fees (attach schedule)....... Click to see attachment 18,783 1,083   17,700
c Other professional fees (attach schedule).... Click to see attachment 234,927 209,927   25,000
17 Interest............... 166 166   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,950 4,950   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,561 0   2,561
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 97,614 95,262   2,352
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 411,757 321,388   85,369
25 Contributions, gifts, grants paid....... 1,885,000 1,885,000
26 Total expenses and disbursements. Add lines 24 and 25 2,296,757 321,388   1,970,369
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 860,748
b Net investment income (if negative, enter -0-) 2,836,117
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......... 331,155 5,707,108 5,707,108
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)....... 10,948,017 Click to see attachment8,427,109 8,427,109
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).......... 31,429,970 Click to see attachment34,470,968 34,470,968
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment4,844 Click to see attachment14,073 Click to see attachment14,073
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 42,713,986 48,619,258 48,619,258
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........... 42,713,986 48,619,258
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)..... 42,713,986 48,619,258
30 Total liabilities and net assets/fund balances (see instructions). 42,713,986 48,619,258
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
42,713,986
2
Enter amount from Part I, line 27a .....................
2
860,748
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
5,044,524
4
Add lines 1, 2, and 3 ..........................
4
48,619,258
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
48,619,258
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    
b 13,957.63 SH. RADCLIFFE INTERNATIONAL ULTRA SHORT DURATION FUND, LTD. P    
c 113.21 SH. GENERATION IM GLOBAL EQUITY A SHARES P    
d 900.08 SH. GENERATION IM GLOBAL EQUITY A SHARES P    
e THROUGH HIGHCLERE INT'L INVESTORS K-1 D    
THROUGH LEGACY VENTURE IX K-1 P    
THROUGH JMF LIQUIDATING CO. LLC K-1 D    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 10,238,112   7,972,157 2,265,955
b 1,359,476   1,150,000 209,476
c 60,360   23,837 36,523
d 500,000   189,520 310,480
e       -108,312
      -632
      -5,472
96,063     96,063
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       2,265,955
b       209,476
c       36,523
d       310,480
e       -108,312
      -632
      -5,472
      96,063
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 2,804,081
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 39,422
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 39,422
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 39,422
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 7,070
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 37,070
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 2,352
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   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$ 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)
    bulletVT
    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 ofbulletE RUSSELL PEACH IV CO DKM PC Telephone no.bullet (617) 234-2515

    Located atbullet209 BATTERY STREET PO BOX 988BURLINGTONVT ZIP+4bullet05402
    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
    AUSTIN HART CO DINSE PC PRESIDENT
    2.50     		12,500 0 0
    209 BATTERY ST PO BOX 988
    BURLINGTON,VT05402
    WALLACE TAPIA CO DINSE PC TREASURER
    2.50     		12,500 0 0
    209 BATTERY ST PO BOX 988
    BURLINGTON,VT05402
    F RENDOL BARLOW CO DINSE PC SECRETARY
    1.00     		12,500 0 0
    209 BATTERY ST PO BOX 988
    BURLINGTON,VT05402
    E RUSSELL PEACH IV CO DINSE PC ASSISTANT TREASURER
    1.00     		0 0 0
    209 BATTERY ST PO BOX 988
    BURLINGTON,VT05402
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (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
    GENERATION IM FUND PLC INVESTMENT MANAGEMENT FEE 60,360
    GEORGES COURT 54-62 TOWNSEND STREET
    DUBLIN    
    EI
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (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
    27,629,447
    b
    Average of monthly cash balances.......................
    1b
    1,469,767
    c
    Fair market value of all other assets (see instructions)................
    1c
    13,617,495
    d
    Total (add lines 1a, b, and c).........................
    1d
    42,716,709
    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
    42,716,709
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    640,751
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    42,075,958
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,103,798
    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
    2,103,798
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    39,422
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    39,422
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,064,376
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,064,376
    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
    2,064,376
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,970,369
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,970,369
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,970,369
    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 2,064,376
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017...... 8,775
    d From 2018...... 49,715
    e From 2019......  
    fTotal of lines 3a through e........ 58,490
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,970,369
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 1,970,369
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 58,490 58,490
    (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 ..........     		35,517
    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
    FIDELITY CHARITABLE GIFT FUND
    BOX 770001
    CINCINNATI,OH45277     		N/A PC CHARITABLE (UNRESTRICTED) 1,885,000
    Total .................................bullet 3a 1,885,000
    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 1,456  
    4 Dividends and interest from securities.... 525990   14 317,121  
    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..... 525990   14 34,847  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990   18 2,804,081  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 3,157,505 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,157,505
    (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:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PKF O'CONNOR DAVIES, LLP 17,700 0   17,700
    OTHER ACCOUNTING FEES 1,083 1,083   0

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1 SHARE OF MADISON SQUARE GARDEN ENTERTAIMENT CORP 105 105
    1000 SHARES OF EW SCRIPPS CO/THE CL A 15,290 15,290
    1027 SHARES OF ROYAL CARIBBEAN GROUP 76,707 76,707
    1030 SHARES OF COHU INC 39,325 39,325
    1030 SHARES OF CUBIC CORP 63,901 63,901
    1030 SHARES OF NORTHWEST PIPE CO 29,149 29,149
    1030 SHARES OF TUTOR PERINI CORP 13,339 13,339
    1030 SHARES OF UNIVERSAL ELECTRONICS INC 54,034 54,034
    1040 SHARES OF GLOBUS MEDICAL INC 67,829 67,829
    1050 SHARES OF COLUMBIA BANKING SYSTEM INC 37,695 37,695
    1058 SHARES OF QORVO INC 175,914 175,914
    1070 SHARES OF AMERISAFE INC 61,450 61,450
    1100 SHARES OF AMBARELLA INC 101,002 101,002
    1102 SHARES OF BMC STOCK HOLDINGS INC 59,155 59,155
    1140 SHARES OF RUTH'S HOSPITALITY GROUP INC 20,212 20,212
    1150 SHARES OF ATARA BIOTHERAPEUTICS INC 22,575 22,575
    1176 SHARES OF PACIFIC PREMIER BANCORP INC 36,844 36,844
    1240 SHARES OF SAPIENS INTERNATIONAL CORP 37,956 37,956
    1240 SHARES OF SOUTHWEST GAS HOLDINGS INC 75,330 75,330
    1240 SHARES OF STEVEN MADDEN LTD 43,797 43,797
    1260 SHARES OF STAG INDUSTRIAL INC 39,463 39,463
    1260 SHARES OF TENABLE HOLDINGS INC 65,848 65,848
    1270 SHARES OF HILLTOP HOLDINGS 34,938 34,938
    1270 SHARES OF LUMENTUM HOLDINGS INC 120,396 120,396
    1280 SHARES OF COMMUNITY HEALTHCARE TRUST 60,301 60,301
    1280 SHARES OF WSFS FINANCIAL CORP 57,446 57,446
    1300 SHARES OF HERITAGE FINANCIAL CORP 30,407 30,407
    1320 SHARES OF CUBESMART 44,365 44,365
    1330 SHARES OF PATRICK INDUSTRIES 90,906 90,906
    1360 SHARES OF TRICO BANCSHARES 47,981 47,981
    1380 SHARES OF AERIE PHARMACEUTICALS INC 18,643 18,643
    1441 SHARES OF DUCOMMUN INC 77,382 77,382
    1480 SHARES OF SPIRE INC 94,779 94,779
    150 SHARES OF REGENERON PHARMACEUTICALS INC 72,467 72,467
    1510 SHARES OF II-VI INC 114,700 114,700
    1526 SHARES OF VISHAY PRECISION GROUP INC 31,603 31,603
    1560 SHARES OF FORMFACTOR INC 67,111 67,111
    1560 SHARES OF NLIGHT INC 50,934 50,934
    1590 SHARES OF COGNEX CORP 127,653 127,653
    160 SHARES OF SAREPTA THERAPEUTICS INC 27,278 27,278
    1600 SHARES OF KOPPERS HOLDINGS 49,856 49,856
    1640 SHARES OF PERDOCEO EDUCATION CORP 20,713 20,713
    1680 SHARES OF APPLE HOSPITALITY REIT INC 21,689 21,689
    170 SHARES OF SAGE THERAPEUTICS INC 14,707 14,707
    1700 SHARES OF CLOVIS ONCOLOGY INC 8,160 8,160
    1702 SHARES OF TRIMBLE INC 113,643 113,643
    1730 SHARES OF ONTO INNOVATION INC 82,262 82,262
    1738 SHARES OF DISCOVERY INC CL C 45,518 45,518
    1770 SHARES OF ALDER BIOPHARMACEUTICALS 1,558 1,558
    180 SHARES OF HELEN OF TROY LTD 39,994 39,994
    1800 SHARES OF PAR PACIFIC HOLDINGS INC 25,164 25,164
    1840 SHARES OF HARSCO CORP 33,083 33,083
    1850 SHARES OF COLUMBUS MCKINNON CORP 71,114 71,114
    1910 SHARES OF CAE INC 52,983 52,983
    1940 SHARES OF FIRST BUSEY CORP 41,807 41,807
    1953 SHARES OF GREENBRIER COS 71,050 71,050
    205 SHARES OF MADISON SQUARE GARDEN SPORTS CORP CL A 37,741 37,741
    2150 SHARES OF IMMUNOGEN INC 13,868 13,868
    2160 SHARES OF EVOQUA WATER TECHNOLOGIES CORP 58,277 58,277
    2190 SHARES OF G-III APPAREL GROUP 51,991 51,991
    2190 SHARES OF PHYSICIANS REALTY TRUST 38,982 38,982
    2190 SHARES OF SEAWORLD ENTERTAINMENT INC 69,182 69,182
    2220 SHARES OF VERITEX HOLDINGS INC 56,965 56,965
    2240 SHARES OF LIMELIGHT NETWORKS INC 8,938 8,938
    2250 SHARES OF AMYRIS INC 13,894 13,894
    2330 SHARES OF MERCANTILE BANK CORP 63,306 63,306
    240 SHARES OF ROGERS CORP 37,270 37,270
    2440 SHARES OF IRIDIUM COMMUNICATIONS INC 95,953 95,953
    2450 SHARES OF CORBUS PHARMACEUTICALS HOLDINGS INC 3,063 3,063
    2490 SHARES OF FIREEYE INC 57,419 57,419
    250 SHARES OF PTC THERAPEUTICS INC 15,258 15,258
    2523 SHARES OF TEGNA INC 35,196 35,196
    2540 SHARES OF QEP RESOURCES INC 6,071 6,071
    270 SHARES OF CUMMINS INC 61,317 61,317
    2810 SHARES OF BOYD GAMING CORP 120,605 120,605
    2870 SHARES OF LANTHEUS HOLDINGS 38,716 38,716
    290 SHARES OF BIOTELEMETRY INC 20,903 20,903
    290 SHARES OF INTERCEPT PHARMACEUTICALS INC 7,163 7,163
    290 SHARES OF ULTRAGENYX PHARMACEUTICAL INC 40,145 40,145
    2920 SHARES OF DELEK US HOLDINGS 46,924 46,924
    2920 SHARES OF UNITED COMMUNITY BANKS INC/GA 83,045 83,045
    300 SHARES OF WORLD WRESTLING ENTERTAINMENT INC CL A 14,415 14,415
    3013 SHARES OF GRAY TELEVISION INC CL B 53,903 53,903
    3100 SHARES OF FUTUREFUEL CORP 39,370 39,370
    3110 SHARES OF VIAVI SOLUTIONS INC 46,572 46,572
    3178 SHARES OF CATCHMARK TIMBER TRUST INC CL A 29,746 29,746
    3205 SHARES OF MARTEN TRANSPORT 55,222 55,222
    3310 SHARES OF TAYLOR MORRISON HOME CORP 84,902 84,902
    3350 SHARES OF UMH PROPERTIES INC 49,614 49,614
    340 SHARES OF EASTGROUP PROPERTIES INC 46,940 46,940
    340 SHARES OF NOVANTA INC 40,195 40,195
    340 SHARES OF REINSURANCE GROUP OF AMERICA INC 39,406 39,406
    3400 SHARES OF DANA INC 66,368 66,368
    350 SHARES OF IAC/INTERACTIVECORP COMMON STOCK 66,273 66,273
    356 SHARES OF LAM RESEARCH CORP 168,128 168,128
    363 SHARES OF KANSAS CITY SOUTHERN 74,099 74,099
    3800 SHARES OF DIAMONDROCK HOSPITALITY CO 31,350 31,350
    3900 SHARES OF VIAVI SOLUTIONS INC 58,403 58,403
    410 SHARES OF BARRETT BUSINESS SERVICES INC 27,966 27,966
    416 SHARES OF HELMERICH & PAYNE INC 9,635 9,635
    440 SHARES OF FIBROGEN INC 16,320 16,320
    4480 SHARES OF HOSTESS BRANDS INC 65,587 65,587
    4560 SHARES OF BRAEMAR HOTELS & RESORTS INC 21,022 21,022
    4590 SHARES OF TILLYS INC CL A 37,454 37,454
    4650 SHARES OF INVACARE CORP 41,618 41,618
    470 SHARES OF CARTER'S INC 44,213 44,213
    470 SHARES OF RELIANCE STEEL & ALUMINUM CO 56,283 56,283
    478 SHARES OF RAYMOND JAMES FINANCIAL INC 45,730 45,730
    4790 SHARES OF AXT INC 45,840 45,840
    480 SHARES OF TERRENO REALTY CORP 28,085 28,085
    500 SHARES OF MKS INSTRUMENTS, INC 75,225 75,225
    510 SHARES OF AMERICAN FINANCIAL GROUP INC/OH 44,686 44,686
    520 SHARES OF KAISER ALUMINUM CORP 51,428 51,428
    540 SHARES OF ULTRA CLEAN HOLDINGS INC 16,821 16,821
    544 SHARES OF PC CONNECTION INC 25,726 25,726
    546 SHARES OF UNIFI INC 9,686 9,686
    550 SHARES OF ADVANCED ENERGY INDUSTRIES INC 53,334 53,334
    550 SHARES OF INTRA-CELLULAR THERAPIES INC 17,490 17,490
    5530 SHARES OF LEXICON PHARMACEUTICALS INC 18,913 18,913
    555 SHARES OF NORTHRIM BANCORP 18,842 18,842
    5580 SHARES OF MAGNOLIA OIL & GAS CORP 39,395 39,395
    560 SHARES OF INGEVITY CORP 42,409 42,409
    590 SHARES OF SEAGEN INC 103,333 103,333
    593 SHARES OF ROBERT HALF INTERNATIONAL INC 37,051 37,051
    610 SHARES OF AEROVIRONMENT INC 53,009 53,009
    630 SHARES OF JOHN B SANFILIPPO & SON INC 49,682 49,682
    656 SHARES OF HEXCEL CORP NEW 31,809 31,809
    660 SHARES OF COMMVAULT SYSTEMS INC 36,544 36,544
    660 SHARES OF ESPERION THERAPEUTICS INC 17,160 17,160
    6611 SHARES OF PLUG POWER INC 224,179 224,179
    6735 SHARES OF MERCK & CO INC 550,923 550,923
    680 SHARES OF PINNACLE FINANCIAL PARTNERS INC 43,792 43,792
    690 SHARES OF PROTHENA CORP PLC 8,287 8,287
    710 SHARES OF GRAND CANYON EDUCATION INC 66,108 66,108
    720 SHARES OF NEXSTAR MEDIA GROUP INC CL A 78,617 78,617
    730 SHARES OF DIGITAL REALTY TRUST INC 101,842 101,842
    740 SHARES OF ARCOSA INC 40,648 40,648
    75 SHARES OF LIBERTY MEDIA CORP-LIBERTY SIRIUSXM 3,263 3,263
    751 SHARES OF MATCH GROUP INC 113,544 113,544
    780 SHARES OF LIBERTY SIRIUSXM GROUP 33,681 33,681
    790 SHARES OF ENERSYS 65,617 65,617
    8053 SHARES OF ACCO BRANDS CORP 68,048 68,048
    810 SHARES OF CARA THERAPEUTICS INC 12,255 12,255
    810 SHARES OF CYTOKINETICS INC 16,832 16,832
    820 SHARES OF LAS VEGAS SANDS CORP 48,872 48,872
    820 SHARES OF TELOS CORP 27,044 27,044
    840 SHARES OF NATIONAL STORAGE AFFILIATES TRUST 30,265 30,265
    844 SHARES OF SOUTH STATE CORP 61,021 61,021
    850 SHARES OF CASELLA WASTE SYSTEMS INC CL A 52,658 52,658
    850 SHARES OF EMERGENT BIOSOLUTIONS INC 76,160 76,160
    860 SHARES OF CYRUSONE INC 62,909 62,909
    860 SHARES OF STOCK YARDS BANCORP INC 34,813 34,813
    866 SHARES OF COMMUNITY BANK SYSTEM INC 53,960 53,960
    893 SHARES OF IONIS PHARMACEUTICALS INC 50,490 50,490
    910 SHARES OF MALIBU BOATS INC CL A 56,820 56,820
    920 SHARES OF INDEPENDENT BANK GROUP INC 57,518 57,518
    930 SHARES OF FARO TECHNOLOGIES INC 65,686 65,686
    940 SHARES OF MODEL N INC 33,539 33,539
    940 SHARES OF WERNER ENTERPRISES INC 36,867 36,867
    960 SHARES OF MACROGENICS INC 21,946 21,946

    TY 2020 InvestmentsOtherSchedule2
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    112490.5520 SHARES OF ARTISAN INTERNATIONAL VALUE FMV 4,471,499 4,471,499
    12314.322 SHARES OF GENERATION IM GLOBAL EQUITY FUND FMV 8,330,096 8,330,096
    124238.4940 SHARES OF RBC EMERGING MARKETS EQUITY FUND FMV 1,797,731 1,797,731
    12590 SHARES OF VANGUARD S&P 500 FMV 4,327,057 4,327,057
    146421.3700 SHARES OF WCM FOCUSED FMV 3,623,929 3,623,929
    333.33 SHARES OF SUMMIT FMV 1,502,530 1,502,530
    44260.9550 SHARES OF JOHCM INTERNATIONL SMALL CAP EQUITY FMV 574,507 574,507
    68675.5650 SHARES OF DELAWARE EMERGING MARKETS FUND FMV 1,769,083 1,769,083
    83077.8566 SHARES OF HIGHCLERE INTERNATIONAL INVESTORS FMV 3,067,167 3,067,167
    92638.4480 SHARES OF BROWN ADVISORY SUSTAINABLE GROWTH FMV 3,632,354 3,632,354
    JMF LIQUIDATING LLC FMV 150,968 150,968
    LEGACY VENTURE IX, LLC FMV 1,224,047 1,224,047

    TY 2020 LegalFeesSchedule
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DINSE, KNAPP & MCANDREW, P.C. 10,256 0   10,256
    LANGROCK SPERRY & WOOL, LLP 0 0   0


    TY 2020 OtherAssetsSchedule
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    RECEIVABLE FROM BROKER 4,844 14,073 14,073


    TY 2020 OtherExpensesSchedule
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSES THROUGH K-1S 95,131 95,131   0
    FILING FEES 131 131   0
    INSURANCE 1,525 0   1,525
    OFFICE EXPENSES 62 0   62
    MEMBERSHIP DUES 765 0   765


    TY 2020 OtherIncomeSchedule2
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME THROUGH K-1S 18,015 18,015 18,015
    ROYALTIES AND OTHER 16,832 16,832 16,832


    TY 2020 OtherIncreasesSchedule
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 5,044,524


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PATHSTONE FEDERAL STREET ADVISORS 50,000 50,000   0
    OTHER INVESTMENT MANAGEMENT FEES 62,019 62,019   0
    FIDUCIARY TRUST CUSTODIAL FEES 37,548 37,548   0
    OTHER CONSULTING FEES 25,000 0   25,000
    GENERATION INVESTMENT MANAGEMENT FEES 60,360 60,360   0


    TY 2020 TaxesSchedule
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 4,950 4,950   0
    FEDERAL EXCISE TAX PAID 5,000 0   0