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
MORGAN STANLEY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1221 AVENUE OF THE AMERICAS 3RD FL
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100201001
A Employer identification number

13-6155650
B Telephone number (see instructions)

(212) 761-4000
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$31,328,552J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 45 45  
4 Dividends and interest from securities... 468,308 468,523  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 804,782
b Gross sales price for all assets on line 6a 12,804,414
7 Capital gain net income (from Part IV, line 2)... 801,315
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).......      
12 Total. Add lines 1 through 11........ 1,273,135 1,269,883  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 5,861 5,861   0
17 Interest...............   1    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 78,718 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......   293    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 84,579 6,155   0
25 Contributions, gifts, grants paid....... 1,195,000 1,170,000
26 Total expenses and disbursements. Add lines 24 and 25 1,279,579 6,155   1,170,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,444
b Net investment income (if negative, enter -0-) 1,263,728
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......... 252,116 400,407 400,407
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) 1,339,653 Click to see attachment1,365,831 1,365,831
b Investments—corporate stock (attach schedule)....... 20,333,060 Click to see attachment12,301,089 12,301,089
c Investments—corporate bonds (attach schedule)....... 793,394 Click to see attachment1,045,334 1,045,334
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment15,217,228 15,217,228
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment106,681 Click to see attachment998,663 Click to see attachment998,663
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 22,824,904 31,328,552 31,328,552
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 250,000 275,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment54,493 Click to see attachment117,073
23 Total liabilities (add lines 17 through 22)......... 304,493 392,073
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........... 22,520,411 30,936,479
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)..... 22,520,411 30,936,479
30 Total liabilities and net assets/fund balances (see instructions). 22,824,904 31,328,552
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
22,520,411
2
Enter amount from Part I, line 27a .....................
2
-6,444
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
8,422,512
4
Add lines 1, 2, and 3 ..........................
4
30,936,479
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
30,936,479
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 SALES OF PUBLICLY TRADED SECURITIES P    
b THRU INVESCO DB BASE METALS FUND K-1 P    
c CAPITAL GAINS DIVIDENDS P    
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 12,340,684   11,999,632 341,052
b       -3,467
c 463,730     463,730
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       341,052
b       -3,467
c       463,730
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 2 801,315
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 17,566
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 17,566
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 17,566
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 93,154
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 93,154
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 75,588
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet75,588 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
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)
    bulletNY
    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
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletGISELLE G LOPEZ Telephone no.bullet (212) 762-9626

    Located atbullet1221 AVENUE OF THE AMERICAS 3RD FLNEW YORKNY ZIP+4bullet100201001
    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
    CRAIG ABRUZZO FINANCE CHAIR, TRUSTEE
    0.50     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    CHARLES CHASIN CHAIRPERSON, TRUSTEE
    0.50     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    WILLIAM DOTSON TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    MARYALICE DUNNE TRUSTEE UNTIL DECEMBER 2020
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    JEN EASTERLY TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    LISA GOLIA TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    CARLA HARRIS TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    WILLIAM HIRSHORN TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    WESLEY MCDADE TRUSTEE AS OF JANUARY 2020
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    JONATHAN PRUZAN TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    SUSAN REID TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    ROSE-ANNE RICHTER TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    ANDY SAPERSTEIN TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    TATIANA SEGAL TRUSTEE AS OF DECEMBER 2020
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    MATTHEW SLOVIK TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    DAVID STARK TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    JOAN STEINBERG PRESIDENT
    8.00     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    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
    NONE
    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
    26,214,789
    b
    Average of monthly cash balances.......................
    1b
    296,997
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    26,511,786
    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
    26,511,786
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    397,677
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    26,114,109
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,305,705
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,305,705
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    17,566
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,566
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,288,139
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,288,139
    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
    1,288,139
    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
    1,170,000
    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
    1,170,000
    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
    1,170,000
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,288,139
    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...... 5,016,628
    b From 2016...... 5,881,219
    c From 2017...... 437,159
    d From 2018...... 10,012
    e From 2019......  
    fTotal of lines 3a through e........ 11,345,018
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,170,000
    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..... 1,170,000
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 118,139 118,139
    (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 11,226,879
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		4,898,489
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		6,328,390
    10 Analysis of line 9:
    a Excess from 2016.... 5,881,219
    b Excess from 2017.... 437,159
    c Excess from 2018.... 10,012
    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
    A BETTER CHANCE INC
    253 W 35TH ST FL 6
    NEW YORK,NY10001     		N/A PC SCHOLARSHIP PROGRAM 150,000
    AMERICAN INDIAN COLLEGE FUND
    8333 GREENWOOD BOULEVARD
    DENVER,CO80221     		N/A PC SCHOLARSHIP PROGRAM 20,000
    BABSON COLLEGE
    231 FOREST STREET
    BABSON PARK,MA02457     		N/A PC SCHOLARSHIP PROGRAM 15,000
    BARUCH COLLEGE FUND
    ONE BERNARD BARUCH WAY BOX A-1603
    NEW YORK,NY10010     		N/A PC SCHOLARSHIP PROGRAM 30,000
    BROWN UNIVERSITY
    164 ANGELL STREET BOX 1877
    PROVIDENCE,RI02912     		N/A PC SCHOLARSHIP PROGRAM 15,000
    BRYN MAWR COLLEGE
    101 N MERION AVE DEVELOPMENT
    BRYN MAWR,PA19010     		N/A PC SCHOLARSHIP PROGRAM 15,000
    CARNEGIE MELLON UNIVERSITY
    FINANCIAL AID OFFICE
    PITTSBURGH,PA15213     		N/A PC SCHOLARSHIP PROGRAM 15,000
    CORNELL UNIVERSITY
    341 PINE TREE RD
    ITHACA,NY14850     		N/A PC SCHOLARSHIP PROGRAM 30,000
    DARTMOUTH COLLEGE
    6066 DEVELOPMENT OFFICE
    HANOVER,NH03755     		N/A PC SCHOLARSHIP PROGRAM 15,000
    DUKE UNIVERSITY
    BOX 90581 ALUMNI DEVELOPMENT
    RECORDS
    DURHAM,NC27708     		N/A PC SCHOLARSHIP PROGRAM 15,000
    GEORGIA INSTITUTE OF TECHNOLOGY
    190 NORTH AVENUE
    ATLANTA,GA30313     		N/A GOV SCHOLARSHIP PROGRAM 15,000
    GETTYSBURG COLLEGE
    300 N WASHINGTON STREET BOX 426
    GETTYSBURG,PA17325     		N/A PC SCHOLARSHIP PROGRAM 15,000
    HARVARD UNIVERSITY
    124 MOUNT AUBURN STREET - ROOM 430N
    CAMBRIDGE,MA02138     		N/A PC SCHOLARSHIP PROGRAM 30,000
    HISPANIC FEDERATION INC
    55 EXCHANGE PLACE SUITE 501
    NEW YORK,NY10005     		N/A PC SCHOLARSHIP PROGRAM 125,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    600 MEMORIAL DRIVE W98-200
    CAMBRIDGE,MA02139     		N/A PC SCHOLARSHIP PROGRAM 15,000
    MERCY COLLEGE
    555 BROADWAY
    DOBBS FERRY,NY10522     		N/A PC SCHOLARSHIP PROGRAM 15,000
    NEW YORK UNIVERSITY
    FINANCIAL AID OFFICE - 25 WEST 4TH
    STREET
    NEW YORK,NY10012     		N/A PC SCHOLARSHIP PROGRAM 15,000
    NEW YORK UNIVERSITY
    FINANCIAL AID OFFICE - 25 WEST 4TH
    STREET
    NEW YORK,NY10012     		N/A PC SCHOLARSHIP PROGRAM 15,000
    PREP FOR PREP
    328 WEST 71ST STREET
    NEW YORK,NY10023     		N/A PC SCHOLARSHIP PROGRAM 75,000
    RUTGERS UNIVERSITY
    120 ALBANY STREET PLAZA
    NEW BRUNSWICK,NJ08901     		N/A PC SCHOLARSHIP PROGRAM 15,000
    SPONSORS FOR EDUCATIONAL OPPORTUNITY
    55 EXCHANGE PLACE SUITE 601
    NEW YORK,NY100053301     		N/A PC SCHOLARSHIP PROGRAM 25,000
    STANFORD UNIVERSITY
    326 GALVEZ STREET
    STANFORD,CA94305     		N/A PC SCHOLARSHIP PROGRAM 15,000
    THE NEW YORK WOMEN'S FOUNDATION
    39 BROADWAY 23RD FLOOR
    NEW YORK,NY10006     		N/A PC SCHOLARSHIP PROGRAM 25,000
    THE UNIVERSITY OF ARIZONA
    1303 E UNIVERSITY BLVD BOX 5
    TUCSON,AZ85719     		N/A GOV SCHOLARSHIP PROGRAM 15,000
    TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
    622 WEST 113TH STREET MC 4524
    NEW YORK,NY10025     		N/A PC SCHOLARSHIP PROGRAM 60,000
    TRUSTEES OF TUFTS UNIVERSITY
    80 GEORGE STREET STE 200
    MEDFORD,MA02155     		N/A PC SCHOLARSHIP PROGRAM 30,000
    TRUSTEES OF UNION COLLEGE
    807 UNION ST
    SCHENECTADY,NY12308     		N/A PC SCHOLARSHIP PROGRAM 15,000
    TULANE UNIVERSITY
    PO BOX 61075
    NEW ORLEANS,LA70161     		N/A PC SCHOLARSHIP PROGRAM 15,000
    UNIVERSITY OF FLORIDA
    PO BOX 113201
    GAINESVILLE,FL32611     		N/A GOV SCHOLARSHIP PROGRAM 15,000
    UNIVERSITY OF KANSAS CENTER FOR RESEARCH INC
    2385 IRVING HILL RD
    LAWRENCE,KS66045     		N/A PC SCHOLARSHIP PROGRAM 15,000
    UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC
    620 W LEXINGTON ST
    BALTIMORE,MD21201     		N/A PC SCHOLARSHIP PROGRAM 15,000
    UNIVERSITY OF MARYLAND COLLEGE PARK FOUNDATION
    4603 CALVERT ROAD
    COLLEGE PARK,MD20740     		N/A PC SCHOLARSHIP PROGRAM 30,000
    UNIVERSITY OF MARYLAND SYSTEM (TOWSON UNIVERSITY)
    8000 YORK ROAD
    BALTIMORE,MD21252     		N/A GOV SCHOLARSHIP PROGRAM 15,000
    UNIVERSITY OF MIAMI
    PO BOX 025388
    CORAL GABLES,FL33102     		N/A PC SCHOLARSHIP PROGRAM 15,000
    UNIVERSITY OF MICHIGAN
    3003 S STATE ST
    ANN ARBOR,MI48109     		N/A GOV SCHOLARSHIP PROGRAM 15,000
    UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
    OFFICE OF SCHOLARSHIPS AND STUDENT
    AID
    CHAPEL HILL,NC27514     		N/A GOV SCHOLARSHIP PROGRAM 30,000
    UNIVERSITY OF PENNSYLVANIA
    2929 WALNUT ST SUITE 300
    PHILADELPHIA,PA19104     		N/A PC SCHOLARSHIP PROGRAM 60,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    1150 S OLIVE STREET
    LOS ANGELES,CA90015     		N/A PC SCHOLARSHIP PROGRAM 15,000
    UNIVERSITY OF TEXAS AT SAN ANTONIO
    1 UTSA CIRCLE
    SAN ANTONIO,TX78249     		N/A GOV SCHOLARSHIP PROGRAM 15,000
    UNIVERSITY OF VIRGINIA
    PO BOX 400807
    CHARLOTTESVILLE,VA22904     		N/A GOV SCHOLARSHIP PROGRAM 15,000
    WILLIAMS COLLEGE
    75 PARK STREET
    WILLIAMSTOWN,MA01267     		N/A PC SCHOLARSHIP PROGRAM 30,000
    YALE UNIVERSITY
    PO BOX 2038
    NEW HAVEN,CT06521     		N/A PC SCHOLARSHIP PROGRAM 30,000
    Total .................................bullet 3a 1,170,000
    bApproved for future payment
    A BETTER CHANCE INC
    253 W 35TH ST FL 6
    NEW YORK,NY10001     		N/A PC SCHOLARSHIP PROGRAM 150,000
    HISPANIC FEDERATION INC
    55 EXCHANGE PLACE SUITE 501
    NEW YORK,NY10005     		N/A PC SCHOLARSHIP PROGRAM 125,000
    Total .................................bullet 3b 275,000
    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  
    4 Dividends and interest from securities....     14 468,308  
    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 ............     		    18 804,782  
    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 1,273,135 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,273,135
    (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 InvestmentsCorpBondsSchedule
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Name of Bond End of Year Book Value End of Year Fair Market Value
    10000 QUANTITY OF BOSTON PROPERTIES LP CPN:2.750% DUE:10/1/2026 10,903 10,903
    10000 QUANTITY OF ENBRIDGE INC CPN:4.000% DUE:10/1/2023 10,877 10,877
    10000 QUANTITY OF ENTERPRISE PRODUCTS OPERATING LLC CPN:3.125% DUE:7/31/2029 11,085 11,085
    10000 QUANTITY OF RAYTHEON TECHNOLOGIES CORP CPN:3.125% DUE:5/4/2027 2,156 2,156
    15000 QUANTITY OF SIMON PROPERTY GROUP LP CPN:3.375% DUE:10/1/2024 16,311 16,311
    15000 QUANTITY OF XCEL ENERGY INC CPN: 4.000% DUE:6/15/2028 17,659 17,659
    2000 QUANTITY OF RAYTHEON TECHNOLOGIES CORP CPN:3.650% DUE:8/16/2023 11,217 11,217
    20000 QUANTITY OF ANTHEM INC CPN:3.650% DUE:12/1/2027 23,063 23,063
    20000 QUANTITY OF AON CORP CPN:2.800% DUE:5/15/2030 21,819 21,819
    20000 QUANTITY OF BP CAPITAL MARKETS AMERICA INC CPN:4.234% DUE:11/6/2028 23,902 23,902
    20000 QUANTITY OF EXXON MOBIL CORP CPN:2.992% DUE:3/19/2025 21,890 21,890
    20000 QUANTITY OF NEXTERA ENERGY CAPITAL HOLDINGS INC CPN:3.550% DUE:5/1/27 22,772 22,772
    20000 QUANTITY OF SCHLUMBERGER INVESTMENT SA CPN:3.650% DUE:12/1/2023 21,713 21,713
    25000 QUANTITY OF ANHEUSER-BUSCH INBEV WORLDWIDEINC CPN:4.000% DUE:4/13/2028 29,474 29,474
    25000 QUANTITY OF AT&T INC CPN:4.125% DUE:2/17/2026 28,932 28,932
    25000 QUANTITY OF GENERAL MILLS INC CPN:3.700% DUE:10/17/2023 27,227 27,227
    25000 QUANTITY OF GOLDMAN SACHS GROUP INC/THE CPN:3.625% DUE:1/22/2023 26,678 26,678
    25000 QUANTITY OF HOME DEPOT INC/THE CPN:2.950% DUE:6/15/2029 28,417 28,417
    25000 QUANTITY OF VERIZON COMMUNICATIONS INC CPN:5.150% DUE:9/15/2023 28,171 28,171
    25000 QUANTITY OF WESTPAC BANKING CORP CPN:2.500% DUE:6/28/2022 25,852 25,852
    30000 QUANTITY OF CITIGROUP INC CPN:3.200% DUE:10/21/2026 33,530 33,530
    30000 QUANTITY OF DEERE & CO CPN:2.600% DUE:6/8/2022 30,860 30,860
    30000 QUANTITY OF MORGAN STANLEY CPN:2.750% DUE:5/19/2022 30,982 30,982
    35000 QUANTITY OF BANK OF AMERICA CORP FXD 1.8980% CPN:1.898% DUE:7/23/2031 35,362 35,362
    35000 QUANTITY OF MERCK & CO INC CPN:3.400% DUE:3/7/2029 40,718 40,718
    35000 QUANTITY OF PEPSICO INC CPN:2.750% DUE:3/19/2030 39,189 39,189
    35000 QUANTITY OF UNITEDHEALTH GROUP INC CPN:3.750% DUE:7/15/2025 39,877 39,877
    35000 QUANTITY OF WALT DISNEY CO/THE CPN:2.000% DUE:9/1/2029 36,581 36,581
    45000 QUANTITY OF APPLE INC CPN:2.400% DUE:5/3/2023 47,203 47,203
    45000 QUANTITY OF COMCAST CORP CPN:3.150% DUE:3/1/2026 50,241 50,241
    45000 QUANTITY OF EQUINOR ASA CPN:2.450% DUE:1/17/2023 46,922 46,922
    45000 QUANTITY OF JPMORGAN CHASE & CO CPN:2.950% DUE:10/1/2026 49,925 49,925
    45000 QUANTITY OF MICROSOFT CORP CPN:2.700% DUE:2/12/2025 48,885 48,885
    45000 QUANTITY OF SANOFI CPN:3.375% DUE:6/19/2023 48,264 48,264
    45000 QUANTITY OF WELLS FARGO & CO CPN:2.625% DUE:7/22/2022 46,580 46,580
    9000 QUANTITY OF VISA INC CPN:3.150% DUE:12/14/2025 10,097 10,097

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1008 SHARES OF SONOVA HLDG AG UNSP ADR (SONVY) 33,576 33,576
    102 SHARES OF TETRA TECH INC (TTEK) 15,977 15,977
    1031 SHARES OF RIO TINTO PLC SPON ADR (RIO) 44,100 44,100
    1037 SHARES OF UNITED BANKSHARES INC W VA (UBSI) 8,618 8,618
    105 SHARES OF FIVE9 INC COM (FIVN) 41,775 41,775
    105 SHARES OF IRHYTHM TECHNOLOGIES INC (IRTC) 5,553 5,553
    1063 SHARES OF BANCORPSOUTH INC (BXS) 29,182 29,182
    1079 SHARES OF LONZA GROUP AG ZUERICH ADR (LZAGY) 7,719 7,719
    109 SHARES OF RENEWABLE ENERGY GP INC (REGI) 59,525 59,525
    110 SHARES OF STERIS PLC (STE) 12,370 12,370
    1115 SHARES OF THE REALREAL INC (REAL) 118,536 118,536
    1117 SHARES OF SYSMEX CORP UNSPON ADR (SSMXY) 17,059 17,059
    112 SHARES OF AMEDISYS INC (AMED) 105,384 105,384
    112 SHARES OF M/I HOMES INC COM (MHO) 7,049 7,049
    1121 SHARES OF SGS SA ADR (SGSOY) 24,247 24,247
    11368 SHARES OF RECRUIT HOLDINGS CO. LTD. ADR (RCRUY) 6,913 6,913
    114 SHARES OF AVERY DENNISON CORPORATION (AVY) 30,615 30,615
    114 SHARES OF HANNON ARMSTRONG SUS INFRA CAP (HASI) 8,524 8,524
    114 SHARES OF ZENDESK INC (ZEN) 10,528 10,528
    1140 SHARES OF CHR HANSEN HLDG A/S (CHYHY) 53,116 53,116
    1145 SHARES OF BRIGHTVIEW HLDGS INC (BV) 18,312 18,312
    115 SHARES OF LIVE OAK BANCSHARES INC (LOB) 16,839 16,839
    1155 SHARES OF COMMSCOPE HOLDING COMPANY INC (COMM) 34,927 34,927
    1157 SHARES OF AIR LIQUIDE ADR (AIQUY) 67,188 67,188
    117 SHARES OF LITTELFUSE INC (LFUS) 174,901 174,901
    117 SHARES OF OXFORD INDUSTRIES INC (OXM) 52,509 52,509
    11725 SHARES OF BANCO BILBAO VIZ ARG SA ADS (BBVA) 11,810 11,810
    1175 SHARES OF GLATFELTER CORPORATION (GLT) 27,376 27,376
    118 SHARES OF COLUMBIA SPORTSWEAR CO (COLM) 116,922 116,922
    118 SHARES OF TREX COMPANY INC (TREX) 62,450 62,450
    1201 SHARES OF INFINEON TECHNOLOGIES AG (IFNNY) 57,010 57,010
    1225 SHARES OF CRH PLC ADR (CRH) 12,377 12,377
    124 SHARES OF LIVE PERSON INC (LPSN) 36,922 36,922
    1246 SHARES OF TENCENT HLDGS LTD UNSPON ADR (TCEHY) 129,105 129,105
    125 SHARES OF BRIGHT HORIZONS FAMILY SOLUT (BFAM) 7,239 7,239
    125 SHARES OF CIRRUS LOGIC INC (CRUS) 91,691 91,691
    1253 SHARES OF DEUTSCHE POST AG SPONSORED ADR (DPSGY) 66,156 66,156
    1276 SHARES OF MOWI ASA ADR (MHGVY) 3,965 3,965
    1277 SHARES OF SONY CORP ADR 1974 NEW (SNE) 24,871 24,871
    1283 SHARES OF DBS GROUP HOLDINGS LTD SP (DBSDY) 37,224 37,224
    1286 SHARES OF TWITTER INC (TWTR) 10,451 10,451
    1291 SHARES OF COCA COLA CO (KO) 5,688 5,688
    1298 SHARES OF UNILEVER PLC (NEW) ADS (UL) 32,213 32,213
    130 SHARES OF FRANKLIN ELECTRIC CO (FELE) 14,416 14,416
    1309 SHARES OF TENCENT HLDGS LTD UNSPON ADR (TCEHY) 33,677 33,677
    131 SHARES OF BADGER METER INC (BMI) 41,033 41,033
    131 SHARES OF INPHI CORP (IPHI) 22,789 22,789
    132 SHARES OF LOVESAC CO (LOVE) 4,737 4,737
    132 SHARES OF REYNOLDS CONSUMER PRODS INC (REYN) 80,267 80,267
    1349 SHARES OF JOHNSON CTLS INTL PLC (JCI) 9,235 9,235
    13491 SHARES OF AMBEV S A SPONSORED ADR (ABEV) 89,575 89,575
    135 SHARES OF CHOICE HOTELS INTL INC NEW (CHH) 21,542 21,542
    138 SHARES OF ULTRAGENYX PHARMACEUTICAL INC (RARE) 11,001 11,001
    141 SHARES OF AVERY DENNISON CORPORATION (AVY) 35,875 35,875
    1437 SHARES OF L OREAL CO ADR (LRLCY) 84,948 84,948
    144 SHARES OF CORESITE REALTY CORP (COR) 17,683 17,683
    145 SHARES OF MID AMER APART COMM INC (MAA) 21,022 21,022
    1453 SHARES OF FANUC CORPORATION UNSP ADR (FANUY) 9,879 9,879
    146 SHARES OF COGENT COMM GROUP (CCOI) 25,496 25,496
    147 SHARES OF ALLEGION PUB LTD CO (ALLE) 158,178 158,178
    1476 SHARES OF FUCHS PETROLUB AG UNSPON ADR (FUPBY) 31,582 31,582
    150 SHARES OF REDFIN CORP (RDFN) 29,018 29,018
    151 SHARES OF HILLROM HOLDINGS (HRC) 5,130 5,130
    1510 SHARES OF LONZA GROUP AG ZUERICH ADR (LZAGY) 58,187 58,187
    1513 SHARES OF ALFA LAVAL AB-UNSPONS ADR (ALFVY) 174,682 174,682
    152 SHARES OF QTS RLTY TR INC COM CL A (QTS) 38,763 38,763
    156 SHARES OF SITEONE LANDSCAPE SUPPLY INC (SITE) 27,226 27,226
    159 SHARES OF DINE BRANDS GLOBAL INC (DIN) 51,349 51,349
    1602 SHARES OF TAIWAN SMCNDCTR MFG CO LTD ADR (TSM) 72,067 72,067
    161 SHARES OF CENTURY COMMUNITIES INC (CCS) 7,417 7,417
    161 SHARES OF KEMPER CORP DEL COM (KMPR) 37,019 37,019
    162 SHARES OF CARDIOVASCULAR SYSTEMS INC (CSII) 66,850 66,850
    162 SHARES OF HANOVER INSURANCE GROUP INC (THG) 14,793 14,793
    163 SHARES OF VARONIS SYSTEMS INC (VRNS) 29,856 29,856
    164 SHARES OF ADVANCED DRAIN SYS INC (WMS) 8,782 8,782
    1660 SHARES OF FANUC CORPORATION UNSP ADR (FANUY) 62,892 62,892
    1665 SHARES OF SUNTORY BEVERAGE AND FOOD LTD (STBFY) 33,636 33,636
    168 SHARES OF LIBERTY MEDIA CORP SER C (FWONK) 36,692 36,692
    1703 SHARES OF PRUDENTIAL PLC ADR (PUK) 16,610 16,610
    1756 SHARES OF GLAXOSMITHKLINE PLC ADR (GSK) 27,042 27,042
    179 SHARES OF CARTER'S (CRI) 8,997 8,997
    1791 SHARES OF EBARA CORP ADR (EBCOY) 64,561 64,561
    1820 SHARES OF SYMRISE AG UNSPONS ADR (SYIEY) 24,121 24,121
    1842 SHARES OF NITORI HLDGS CO LTD ADR (NCLTY) 10,860 10,860
    185 SHARES OF FIVE BELOW (FIVE) 75,649 75,649
    1853 SHARES OF ZURICH INSURANCE GRP LTD ADR (ZURVY) 60,542 60,542
    186 SHARES OF ALIBABA GROUP HLDG LTD (BABA) 25,100 25,100
    1867 SHARES OF KOMATSU LTD SPON ADR NEW (KMTUY) 5,772 5,772
    187 SHARES OF 2U INC COM (TWOU) 7,473 7,473
    187 SHARES OF PACIRA BIOSCIENCES (PCRX) 10,275 10,275
    188 SHARES OF ASML HOLDING NV NY REG NEW (ASML) 15,360 15,360
    188 SHARES OF INGREDION INC COM (INGR) 21,235 21,235
    190 SHARES OF FMC CORP NEW (FMC) 23,104 23,104
    192 SHARES OF SAGE THERAPEUTICS INC (SAGE) 60,736 60,736
    1920 SHARES OF ARMADA HOFFLER PROPERTIES INC (AHH) 21,380 21,380
    195 SHARES OF EVERCORE INC CLASS A (EVR) 12,486 12,486
    197 SHARES OF BLUEBIRD BIO INC (BLUE) 95,248 95,248
    198 SHARES OF SCHNITZER STEEL A (SCHN) 42,743 42,743
    1997 SHARES OF ROCHE HOLDINGS ADR (RHHBY) 122,567 122,567
    200 SHARES OF BIOTELEMETRY INC COM (BEAT) 65,755 65,755
    201 SHARES OF IAA INC (IAA) 8,762 8,762
    2025 SHARES OF KASIKORNBANK PUB CO LTD UNSPON (KPCPY) 95,605 95,605
    203 SHARES OF ALLY FINANCIAL INC (ALLY) 18,545 18,545
    205 SHARES OF ARCUS BIOSCIENCES, INC. (RCUS) 19,448 19,448
    206 SHARES OF ONE GAS INC (OGS) 24,907 24,907
    2073 SHARES OF CORTEVA INC (CTVA) 4,960 4,960
    212 SHARES OF SUN COMMUNITIES INC (SUI) 15,815 15,815
    213 SHARES OF CACTUS INC CLASS-A (WHD) 32,853 32,853
    213 SHARES OF EASTGROUP PROPERTIES INC (EGP) 45,092 45,092
    213 SHARES OF LINDE PLC (LIN) 61,576 61,576
    214 SHARES OF LINDE PLC (LIN) 78,347 78,347
    2144 SHARES OF AXA ADS (AXAHY) 32,585 32,585
    2145 SHARES OF AIA GROUP LTD SPON ADR (AAGIY) 56,033 56,033
    2148 SHARES OF SHIONOGI & CO LTD UNSPONS ADR (SGIOY) 8,006 8,006
    2159 SHARES OF ELANCO ANIMAL HEALTH INC (ELAN) 10,643 10,643
    2168 SHARES OF PING AN INSURANCE ADR (PNGAY) 38,823 38,823
    217 SHARES OF IROBOT (IRBT) 10,788 10,788
    217 SHARES OF ONEMAIN HLDGS INC (OMF) 48,331 48,331
    219 SHARES OF MDC HOLDINGS INC (MDC) 12,151 12,151
    221 SHARES OF PENTAIR PLC (PNR) 13,570 13,570
    2210 SHARES OF MAGNOLIA OIL & GAS CORP CL A (MGY) 14,790 14,790
    2250 SHARES OF VALEO SPONSORED ADR (VLEEY) 29,587 29,587
    2287 SHARES OF FIRST HORIZON CORPORATION (FHN) 18,941 18,941
    2289 SHARES OF ATLAS COPCO AS A ADR A NEW (ATLKY) 94,104 94,104
    2320 SHARES OF PING AN INSURANCE ADR (PNGAY) 29,146 29,146
    234 SHARES OF CURTISS WRIGHT CORP (CW) 23,138 23,138
    236 SHARES OF ADOBE INC (ADBE) 65,939 65,939
    236 SHARES OF ENCORE CAP GRP INC (ECPG) 9,741 9,741
    2360 SHARES OF ROCHE HOLDINGS ADR (RHHBY) 26,668 26,668
    2380 SHARES OF TOPCON CP NPV (TOPCF) 20,849 20,849
    2409 SHARES OF PAN PAC INTL HLDGS CORP ADR (DQJCY) 87,548 87,548
    242 SHARES OF BRIGHTHOUSE FINL INC (BHF) 32,870 32,870
    242 SHARES OF TRUPANION INC (TRUP) 54,154 54,154
    2420 SHARES OF MICHELIN COMPAGNIE GENERALE DE (MGDDY) 18,370 18,370
    243 SHARES OF ENTEGRIS INC (ENTG) 7,231 7,231
    247 SHARES OF HASBRO INC (HAS) 20,600 20,600
    2473 SHARES OF VIVENDI SA UNSPON ADR (VIVHY) 79,789 79,789
    248 SHARES OF MARTIN MARIETTA MATERIALS (MLM) 88,805 88,805
    249 SHARES OF ICF INTL INC (ICFI) 13,061 13,061
    2497 SHARES OF RELX PLC SPONSORED ADR (RELX) 103,530 103,530
    251 SHARES OF PLEXUS CORP (PLXS) 60,321 60,321
    257 SHARES OF CARDLYTICS, INC. (CDLX) 80,932 80,932
    26 SHARES OF IGM BIOSCIENCES INC (IGMS) 17,312 17,312
    268 SHARES OF CHILDREN'S PLACE INC (PLCE) 22,665 22,665
    269 SHARES OF FLOOR & DECOR HLDGS INC CL-A (FND) 5,375 5,375
    27 SHARES OF CAVCO INDUSTRIES INC (CVCO) 116,416 116,416
    2706 SHARES OF INFORMA PLC (IFJPY) 9,788 9,788
    272 SHARES OF PARKER HANNIFIN CORP (PH) 35,161 35,161
    273 SHARES OF PREMIER INC CL A (PINC) 10,311 10,311
    274 SHARES OF EDITAS MEDICINE INC (EDIT) 57,922 57,922
    277 SHARES OF DARLING INGREDIENTS INC (DAR) 10,966 10,966
    278 SHARES OF VOYA FINL INC (VOYA) 19,210 19,210
    2786 SHARES OF AIA GROUP LTD SPON ADR (AAGIY) 19,260 19,260
    2796 SHARES OF ST JAMES PLACE PLC (STJPF) 24,206 24,206
    2815 SHARES OF BAYER AG SPON ADR (BAYRY) 12,550 12,550
    287 SHARES OF WYNDHAM HOTELS & RESORTS INC (WH) 28,363 28,363
    2925 SHARES OF EPIROC AKTIEBOLAG ADR (EPOKY) 75,916 75,916
    294 SHARES OF AVIS BUDGET GROUP COM (CAR) 49,419 49,419
    294 SHARES OF CONCENTRIX CORP (CNXC) 21,003 21,003
    294 SHARES OF SYNNEX CORP (SNX) 44,776 44,776
    295 SHARES OF ARENA PHARMA INC (ARNA) 11,949 11,949
    303 SHARES OF GENL DYNAMICS CORP (GD) 31,445 31,445
    308 SHARES OF M K S INSTRUMENTS (MKSI) 40,495 40,495
    310 SHARES OF ARCOSA INC (ACA) 29,589 29,589
    3120 SHARES OF CHUGAI PHARMACEUTIC UNSP ADR (CHGCY) 30,262 30,262
    3123 SHARES OF SCHNEIDER ELEC SA UNSP ADR (SBGSY) 16,349 16,349
    313 SHARES OF PAYPAL HLDGS INC COM (PYPL) 81,989 81,989
    314 SHARES OF CHUBB LTD (CB) 69,142 69,142
    317 SHARES OF EMCOR GROUP INC (EME) 19,247 19,247
    3182 SHARES OF SWEDBANK AB SPONS ADR (SWDBY) 24,746 24,746
    320 SHARES OF ANSYS INC (ANSS) 5,458 5,458
    324 SHARES OF TOLL BROTHERS (TOL) 97,572 97,572
    326 SHARES OF INTERSECT ENT INC (XENT) 30,191 30,191
    335 SHARES OF HYATT HOTELS CORP COM CL A (H) 21,624 21,624
    337 SHARES OF CANADIAN NATL RAILWAY CO (CNI) 44,814 44,814
    3409 SHARES OF ADYEN N V UNSPONSRED ADR (ADYEY) 23,943 23,943
    341 SHARES OF DIAGEO PLC SPON ADR NEW (DEO) 29,553 29,553
    343 SHARES OF ENCOMPASS HEALTH CORP (EHC) 64,621 64,621
    344 SHARES OF AMERIPRISE FINCL INC (AMP) 56,391 56,391
    345 SHARES OF SEMTECH CORP (SMTC) 67,601 67,601
    345 SHARES OF STIFEL FINANCIAL CORPORATION (SF) 51,683 51,683
    351 SHARES OF ADIDAS AG (ADDYY) 33,861 33,861
    352 SHARES OF AMGEN INC (AMGN) 29,795 29,795
    353 SHARES OF RYANAIR HLDGS PLC ADR (RYAAY) 90,411 90,411
    354 SHARES OF ADAPTIVE BIOTECHNOLOGIES CORP (ADPT) 9,808 9,808
    354 SHARES OF ALIBABA GROUP HLDG LTD (BABA) 73,305 73,305
    3541 SHARES OF ICICI BANK LTD (IBN) 28,970 28,970
    355 SHARES OF BANCORPSOUTH INC (BXS) 82,386 82,386
    359 SHARES OF BANKUNITED INC (BKU) 43,288 43,288
    365 SHARES OF PLUG POWER INC (PLUG) 8,741 8,741
    366 SHARES OF ATMOS ENERGY CP (ATO) 40,985 40,985
    368 SHARES OF NATL INSTRUMS CP (NATI) 13,427 13,427
    372 SHARES OF REXFORD INDL REALTY INC (REXR) 18,040 18,040
    374 SHARES OF ALASKA AIR GROUP INCORPORATED (ALK) 118,028 118,028
    377 SHARES OF DOUGLAS EMMETT INC (DEI) 12,322 12,322
    3864 SHARES OF ALLIANZ SE ADR (ALIZY) 130,277 130,277
    396 SHARES OF BRUNSWICK CORP (BC) 21,837 21,837
    3979 SHARES OF CONTL AG SPONS ADR (CTTAY) 56,840 56,840
    400 SHARES OF WOLTERS KLUWER NV SPON ADR (WTKWY) 56,130 56,130
    419 SHARES OF HELLA KGAA HUECK & CO (HLKHF) 100,240 100,240
    420 SHARES OF MEITUAN ADR (MPNGY) 18,269 18,269
    421 SHARES OF BRUKER CORPORATION (BRKR) 41,282 41,282
    425 SHARES OF CLEARWAY ENERGY INC CL C (CWEN) 23,602 23,602
    426 SHARES OF PERSIMMON PLC UNSPONS ADR (PSMMY) 103,462 103,462
    427 SHARES OF SUZUKI MTR CORP ADR (SZKMY) 29,428 29,428
    428 SHARES OF AGIOS PHARMACEUTICALS INC COM (AGIO) 64,229 64,229
    43 SHARES OF BEYOND MEAT INC (BYND) 17,108 17,108
    433 SHARES OF STEEL DYNAMICS INC (STLD) 110,404 110,404
    436 SHARES OF US ECOLOGY INC (ECOL) 20,865 20,865
    437 SHARES OF QTS RLTY TR INC COM CL A (QTS) 62,850 62,850
    443 SHARES OF SANGAMO THERAPEUTICS INC (SGMO) 52,161 52,161
    444 SHARES OF PNC FINL SVCS GP (PNC) 39,014 39,014
    446 SHARES OF FULLER H B & COMPANY (FUL) 44,151 44,151
    4537 SHARES OF INFINEON TECHNOLOGIES AG (IFNNY) 69,637 69,637
    46 SHARES OF NEVRO CORP (NVRO) 14,409 14,409
    461 SHARES OF DIAGEO PLC SPON ADR NEW (DEO) 9,582 9,582
    464 SHARES OF ALCON INC (ALC) 74,096 74,096
    464 SHARES OF PROCTER & GAMBLE (PG) 11,253 11,253
    467 SHARES OF EQUITY LIFESTYLE PROPERTIES (ELS) 79,187 79,187
    471 SHARES OF LEGGETT & PLATT INC (LEG) 46,299 46,299
    473 SHARES OF CHEFS' WAREHOUSE INC COM (CHEF) 17,028 17,028
    473 SHARES OF TRIMBLE INC (TRMB) 17,822 17,822
    4745 SHARES OF CREDIT SUISSE GROUP (CS) 19,631 19,631
    48 SHARES OF U S PHYSICAL THERAPY INC (USPH) 9,222 9,222
    481 SHARES OF MEREDITH CORPORATION (MDP) 13,735 13,735
    484 SHARES OF YANDEX N.V. A (YNDX) 78,234 78,234
    488 SHARES OF BROOKS-AUTOMATION INC (BRKS) 24,977 24,977
    489 SHARES OF THALES SA EUR 3 ORD (THLEF) 43,322 43,322
    490 SHARES OF CULLEN FROST BANKERS INC (CFR) 15,603 15,603
    490 SHARES OF HORACE MANN EDUCATORS CP (HMN) 24,874 24,874
    493 SHARES OF SERVICE CORP INTL (SCI) 30,416 30,416
    497 SHARES OF DANAHER CORPORATION (DHR) 9,194 9,194
    497 SHARES OF SYNEOS HEALTH INC CL A (SYNH) 63,114 63,114
    502 SHARES OF WORLD WRESTLING ENTMNT (WWE) 28,993 28,993
    510 SHARES OF ACADIA PHARMACEUTICALS INC (ACAD) 27,265 27,265
    516 SHARES OF MICROSOFT CORP (MSFT) 28,225 28,225
    518 SHARES OF INDEPENDENT BK MASS (INDB) 52,619 52,619
    532 SHARES OF JPMORGAN CHASE & CO (JPM) 7,785 7,785
    549 SHARES OF NOVOZYMES A/S UNSPONS APR (NVZMY) 15,840 15,840
    56 SHARES OF NORDSON CP (NDSN) 29,161 29,161
    565 SHARES OF ALLEGION PUB LTD CO (ALLE) 56,128 56,128
    571 SHARES OF FRESENIUS MEDICAL CARE AG&CO (FMS) 9,406 9,406
    572 SHARES OF KUBOTA CP ADR (KUBTY) 19,103 19,103
    582 SHARES OF DASSAULT SYSTEMS SA ADS (DASTY) 14,084 14,084
    588 SHARES OF L OREAL CO ADR (LRLCY) 10,295 10,295
    590 SHARES OF COMMERCE BANCSHARES (CBSH) 46,339 46,339
    591 SHARES OF ATHENE HOLDING LTD CLASS A (ATH) 60,174 60,174
    591 SHARES OF PHILLIPS 66 COM (PSX) 7,963 7,963
    593 SHARES OF ALTRA INDL MOTION CORP (AIMC) 53,177 53,177
    595 SHARES OF SYNOVUS FINANCIAL CORP (SNV) 109,428 109,428
    596 SHARES OF CASELLA WASTE SYS INC CL A (CWST) 23,731 23,731
    60 SHARES OF ENPHASE ENERGY (ENPH) 29,169 29,169
    601 SHARES OF CINCINNATI FINANCIAL OHIO (CINF) 96,761 96,761
    602 SHARES OF BORG WARNER INC (BWA) 32,371 32,371
    606 SHARES OF NOVARTIS AG ADR (NVS) 16,170 16,170
    608 SHARES OF WALGREENS BOOTS ALLIANCE INC (WBA) 7,665 7,665
    61 SHARES OF AMERICAS CAR-MART INC (CRMT) 136,876 136,876
    611 SHARES OF HDFC BANK LTD ADR (HDB) 9,108 9,108
    623 SHARES OF TRONOX HOLDINGS PLC (TROX) 73,211 73,211
    628 SHARES OF R P M INC (RPM) 73,561 73,561
    64 SHARES OF LANDSTAR SYSTEM INC (LSTR) 7,089 7,089
    640 SHARES OF PILGRIMS PRIDE CORP NEW COM (PPC) 70,798 70,798
    643 SHARES OF MICROCHIP TECHNOLOGY INC (MCHP) 28,844 28,844
    6511 SHARES OF MITSUBISHI UFJ FINCL GRP ADS (MUFG) 12,101 12,101
    657 SHARES OF CADENCE BANCORPORATION CL A (CADE) 6,700 6,700
    658 SHARES OF QUALCOMM INC (QCOM) 57,225 57,225
    667 SHARES OF CHECK POINT SOFTWARE TECH LTD (CHKP) 21,787 21,787
    67 SHARES OF MARRIOTT VACATIONS WORLDWIDE (VAC) 88,651 88,651
    676 SHARES OF MEDTRONIC PLC SHS (MDT) 114,769 114,769
    678 SHARES OF TCF FINANCIAL CORPORATION (TCF) 33,984 33,984
    680 SHARES OF UNITED NAT FOODS INC (UNFI) 39,909 39,909
    696 SHARES OF NESTLE SPON ADR REP REG SHR (NSRGY) 33,599 33,599
    708 SHARES OF CAPITAL ONE FINANCIAL CORP (COF) 7,717 7,717
    708 SHARES OF XYLEM INC COM (XYL) 11,190 11,190
    721 SHARES OF TYSON FOODS INC CL A (TSN) 12,192 12,192
    736 SHARES OF ACI WORLDWIDE INC (ACIW) 23,352 23,352
    746 SHARES OF REALOGY HOLDINGS CORP (RLGY) 15,477 15,477
    749 SHARES OF ALCON INC (ALC) 86,469 86,469
    75 SHARES OF ADDUS HOMECARE CORP COM (ADUS) 20,932 20,932
    75 SHARES OF INNOVATIVE INDL PPTYS INC CL A (IIPR) 33,111 33,111
    750 SHARES OF TOMRA SYS A/S ADR NEW (TMRAY) 15,965 15,965
    753 SHARES OF RITE AID CORP (RAD) 11,081 11,081
    760 SHARES OF ASSOC BRITISH FDS PLC ADR-NEW (ASBFY) 11,733 11,733
    760 SHARES OF CHEMOURS CO COM (CC) 5,322 5,322
    7779 SHARES OF NATWEST GROUP PLC ADR 2 (NWG) 77,552 77,552
    779 SHARES OF NOVARTIS AG ADR (NVS) 11,920 11,920
    7801 SHARES OF TECHNOPRO HLDGS INC ADR (TCCPY) 100,898 100,898
    787 SHARES OF EAST WEST BANCORP (EWBC) 70,425 70,425
    793 SHARES OF TAIWAN SMCNDCTR MFG CO LTD ADR (TSM) 52,950 52,950
    794 SHARES OF SAP AG (SAP) 6,318 6,318
    81 SHARES OF ACUITY BRANDS INC (AYI) 28,284 28,284
    81 SHARES OF ALBEMARLE CORPORATION (ALB) 13,707 13,707
    81 SHARES OF MSA SAFETY INC (MSA) 7,465 7,465
    817 SHARES OF PEBBLEBROOK HOTEL TR COM (PEB) 17,423 17,423
    84 SHARES OF CRACKER BARREL OLD CTRY STORE (CBRL) 21,871 21,871
    84 SHARES OF LAMB WESTON HLDGS INC COM (LW) 69,986 69,986
    849 SHARES OF OVINTIV INC (OVV) 82,992 82,992
    853 SHARES OF LA Z BOY INCORPORATED (LZB) 2,296 2,296
    865 SHARES OF LENNAR CORPORATION (LEN) 62,242 62,242
    87 SHARES OF WALKER & DUNLOP INC (WD) 66,217 66,217
    875 SHARES OF US FOODS HOLDING CORP (USFD) 29,407 29,407
    88 SHARES OF YETI HOLDINGS INC (YETI) 9,192 9,192
    8858 SHARES OF UNICHARM CORP UNSPON ADR (UNICY) 6,025 6,025
    90 SHARES OF HUB GROUP INC CL A (HUBG) 23,261 23,261
    912 SHARES OF ALCON INC (ALC) 7,157 7,157
    934 SHARES OF TOYOTA INDUSTRIES CORP ADR (TYIDY) 17,409 17,409
    94 SHARES OF MERITAGE HOME CORPORATION (MTH) 18,840 18,840
    940 SHARES OF SAP AG (SAP) 79,383 79,383
    9468 SHARES OF BARCLAYS PLC ADR (BCS) 41,335 41,335
    962 SHARES OF ANTERO MIDSTREAM CORP (AM) 38,054 38,054
    964 SHARES OF UNILEVER PLC (NEW) ADS (UL) 16,316 16,316
    965 SHARES OF THE SIMPLY GOOD FOODS COMPANY (SMPL) 6,614 6,614
    97 SHARES OF LANCASTER COLONY CRP (LANC) 37,835 37,835
    99 SHARES OF ICU MEDICAL INC (ICUI) 18,508 18,508
    9905 SHARES OF ITAU UNIBANCO MULTIPLE ADR (ITUB) 46,461 46,461
    998 SHARES OF SONY CORP ADR 1974 NEW (SNE) 31,331 31,331

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    US Government Securities - End of Year Book Value:

    885,103
    US Government Securities - End of Year Fair Market Value:

    885,103
    State & Local Government Securities - End of Year Book Value:


    480,728
    State & Local Government Securities - End of Year Fair Market Value:


    480,728


    TY 2020 InvestmentsOtherSchedule2
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    12039 SHARES OF SPDR S&P 500 ETF TRUST (SPY) FMV 4,501,141 4,501,141
    125441.308 SHARES OF VAN ECK EMERGING MARKETS Y (EMRYX) FMV 2,675,663 2,675,663
    1469 SHARES OF ISHARES MSCI FRANCE ETF (EWQ) FMV 48,859 48,859
    206133.878 SHARES OF TIAA CREF CORE IMPACT BD ADV (TSBHX) FMV 2,234,491 2,234,491
    52079.135 SHARES OF MSIF GROWTH I (MSEQX) FMV 4,763,678 4,763,678
    95795.158 SHARES OF BLACKROCK STRATEGIC INC OPP I (BSIIX) FMV 993,396 993,396

    TY 2020 OtherAssetsSchedule
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDEND AND INTEREST INCOME RECEIVABLE 14,617 14,738 14,738
    RECEIVABLE DUE FROM CHARITABLE AFFILIATE 0 908,000 908,000
    PREPAID FEDERAL EXCISE TAX 92,064 75,925 75,925


    TY 2020 OtherIncreasesSchedule
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 4,502,160
    ADJUSTMENT FOR PRIOR YEAR UNREALIZED GAIN 3,920,352


    TY 2020 OtherLiabilitiesSchedule
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX LIABILITY 54,493 117,073


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CUSTODIAN FEES 5,861 5,861   0


    TY 2020 TaxesSchedule
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 78,718 0   0