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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 07-01-2021 , and ending 06-30-2022
Name of foundation
THE LIPMAN FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)CO LESTER GREENBERG 1350 BROADWAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10018
A Employer identification number

13-6066963
B Telephone number (see instructions)

(650) 269-5295
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$67,883,688J 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 59 59  
4 Dividends and interest from securities... 512,702 512,702  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,866,976
b Gross sales price for all assets on line 6a 26,817,468
7 Capital gain net income (from Part IV, line 2)... 4,866,976
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 59,126 56,941  
12 Total. Add lines 1 through 11........ 5,438,863 5,436,678  
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)....... Click to see attachment 14,963 2,993   11,970
c Other professional fees (attach schedule).... Click to see attachment 381,636 381,636   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 143,542 3,134   1,500
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 11,553 10,938   615
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 551,694 398,701   14,085
25 Contributions, gifts, grants paid....... 1,758,985 1,758,985
26 Total expenses and disbursements. Add lines 24 and 25 2,310,679 398,701   1,773,070
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,128,184
b Net investment income (if negative, enter -0-) 5,037,977
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 98,068 113,436 113,435
2 Savings and temporary cash investments......... 1,149,765 1,756,609 1,756,609
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)....... 45,444,984 Click to see attachment47,903,548 54,977,710
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)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,526,503 Click to see attachment1,691,234 Click to see attachment11,035,934
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 48,219,320 51,464,827 67,883,688
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) Click to see attachment49,857 Click to see attachment167,180
23 Total liabilities (add lines 17 through 22)......... 49,857 167,180
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 6,626,641 6,626,641
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 41,542,822 44,671,006
29 Total net assets or fund balances (see instructions)..... 48,169,463 51,297,647
30 Total liabilities and net assets/fund balances (see instructions). 48,219,320 51,464,827
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
48,169,463
2
Enter amount from Part I, line 27a .....................
2
3,128,184
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
51,297,647
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
51,297,647
Form 990-PF (2021)
Form 990-PF (2021)
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   2022-06-30
b ARTWORKS D   2022-06-30
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 26,566,918   21,941,492 4,625,426
b 250,550   9,000 241,550
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       4,625,426
b       241,550
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 4,866,976
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 70,028
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 70,028
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 117,990
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.............. 7 117,990
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 47,962
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet47,962 RefundedBullet 11 0
Part VI-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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (650) 269-5295

    Located atbulletC/O LESTER GREENBERG 1350 BROADWAYNEW YORKNY ZIP+4bullet10018
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    BEVERLY S LIPMAN PRESIDENT
    7.00     		0 0 0
    188 FAVONIO ROAD
    PORTOLA VALLEY,CA94028
    PETER W LIPMAN VICE PRESIDENT
    5.00     		0 0 0
    188 FAVONIO ROAD
    PORTOLA VALLEY,CA94028
    TIMOTHY E LIPMAN TREASURER
    1.00     		0 0 0
    188 FAVONIO ROAD
    PORTOLA VALLEY,CA94028
    BENJAMIN H LIPMAN SECRETARY
    1.00     		0 0 0
    188 FAVONIO ROAD
    PORTOLA VALLEY,CA94028
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    EHRENKRANZ PARTNERS INVESTMENT MANAGEMENT 267,205
    375 PARK AVE SUITE 2800
    NEW YORK,NY10152
    NEUBERGER BERMAN BD LLC INVESTMENT CUSTODIAN SERVICES 114,387
    1290 AVENUE OF THE AMERICAS
    NEW YORK,NY10104
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    63,694,933
    b
    Average of monthly cash balances.......................
    1b
    1,400,026
    c
    Fair market value of all other assets (see instructions)................
    1c
    188,434
    d
    Total (add lines 1a, b, and c).........................
    1d
    65,283,393
    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
    65,283,393
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    979,251
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    64,304,142
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,215,207
    Part X
    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 IX, line 6..................
    1
    3,215,207
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    70,028
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    224
    c
    Add lines 2a and 2b............................
    2c
    70,252
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,144,955
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,144,955
    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 XII, line 1 ...
    7
    3,144,955
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 3,144,955
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 6,243,983
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 6,243,983
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,773,070
    a Applied to 2020, 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 2021 distributable amount..... 1,773,070
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 1,371,885 1,371,885
    (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 4,872,098
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		4,872,098
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    ACLU FOUNDATION
    125 BROAD ST 18TH FLOOR
    NEW YORK,NY10004     		NONE PC TO PROTECT ABORTION 5,000
    ACTERRA
    3921 EAST BAYSHORE ROAD
    PALO ALTO,CA94303     		NONE PC TO CREATE LOCAL SOLUTIONS FOR A HEALTHY PLANET 5,000
    ASIAN ART MUSEUM
    200 LARKIN STREET
    SAN FRANCISCO,CA941024734     		NONE PC TO BRING THE DIVERSE CULTURES OF ASIA TO LIFE 1,000
    BAY AREA LYME FOUNDATION
    884 PORTOLA ROAD SUITE A7
    PORTOLA VALLEY,CA94028     		NONE PC TO ACCELERATE MEDICAL BREAKTHROUGHS FOR LYME DISEASE 1,500
    BOXBLUR (IMMERSIVE ART ALLAIANCE)
    1700 SHATTUCK AVENUE 263
    BERKELEY,CA94709     		NONE PC TO SUPPORT AND PRESENT AMBITIOUS WORKS OF PUBLIC ART 2,500
    CA STATE PARKS FOUNDATION
    33 NEW MONTGOMERY STREET 520
    SAN FRANCISCO,CA94105     		NONE PC TO PROTECT AND PRESERVE THE CALIFORNIA STATE PARK SYSTEM 5,000
    CALIFORNIA LEAGUE OF CONSERVATION VOTERS EDUCATION FUND
    3435 WILSHIRE BLVD SUITE 330
    LOS ANGELES,CA90010     		NONE PC TO IMPROVE THE QUALITY OF THE ENVIRONMENT FOR ALL CALIFORNIANS 5,000
    CANTOR ART CENTER (STANFORD)
    328 LOMITA DRIVE AT MUSEUM WAY
    STANFORD,CA943055060     		NONE PC TO PROMOTE ARTS 6,200
    DOCTORS FOR GLOBAL HEALTH--TIM
    PO BOX 1761
    DECATUR,GA30031     		NONE PC TO IMPROVE HEALTH AND FOSTER OTHER HUMAN RIGHTS 10,000
    EARTHJUSTICE
    50 CALIFORNIA ST STE 500
    SAN FRANCISCO,CA94111     		NONE PC TO PROTECT PEOPLES HEALTH, TO PRESERVE MAGNIFICENT PLACES AND WILDLIFE, TO ADVANCE CLEAN ENERGY, AND TOCOMBAT CLIMATE CHANGE 5,000
    ECUMENICAL HUNGER PROGRAM
    2411 PULGAS AVE EAST
    PALO ALTO,CA94303     		NONE PC TO PROMOTE EDUCATION 5,000
    ENVIRONMENTAL DEFENSE FUND
    257 PARK AVENUE SOUTH
    NEW YORK,NY10010     		NONE PC TO MAKE THE ENVIRONMENT SAFER AND HEALTHIER FOR US ALL 5,000
    FINE ARTS MUSEUMS OF SAN FRANCISCO
    50 HAGIWARA TEA GARDEN DR
    SAN FRANCISCO,CA94118     		NONE PC TO PROMOTE ARTS 5,000
    FOR-SITE FOUNDATION
    2 MARINA BLVD BUILDING C
    SAN FRANCISCO,CA94123     		NONE PC TO PROMOTE THE CREATION, UNDERSTANDING, AND PRESENTATION OF ART 20,000
    FRIENDS OF HUDDART & WUNDERLICH PARKS
    2961 WOODSIDE RD
    WOODSIDE,CA94062     		NONE PC TO PRESERVING THE LOCAL ENVIRONMENT AND HISTORIC LEGACIES OF THESE TWO EXCEPTIONAL PARKS IN WOODSIDE, CA 2,000
    FRIENDS OF PORTOLA VALLEY LIBRARY
    765 PORTOLA ROAD
    PORTOLA VALLEY,CA94028     		NONE PC TO PROMOTE AND AUGMENT THE DEVELOPMENT AND USE OF RESOURCES AND SERVICES OF THE PORTOLA VALLEY LIBRARY FOR THE BENEFIT OF LOCAL RESIDENTS 500
    GIVETECH-SUPPLEMENT
    548 MARKET STREET 89706
    SAN FRANCISCO,CA94104     		NONE PC TO IMPROVE THE QUALITY OF LIFE FOR THESE SEVERELY PHYSICALLY DISABLED PEOPLE 10,000
    GRASSROOTS ECOLOGY
    3921 EAST BAYSHORE ROAD
    PALO ALTO,CA94303     		NONE PC TO RESTORE NATURAL FUNCTIONS TO THE ECOSYSTEM 4,120
    GREEN FOOTHILLS
    3921 EAST BAYSHORE ROAD
    PALO ALTO,CA94303     		NONE PC TO PROTECT OPEN SPACE, FARMLAND, AND NATURAL RESOURCES IN SAN MATEO AND SANTA CLARA COUNTIES 4,000
    GREENBELT ALLIANCE
    321 SUTTER STREET SUITE 510
    SAN FRANCISCO,CA94108     		NONE PC TO ENSURE THE BAY AREAS LANDS AND COMMUNITIES ARE RESILIENT TO A CHANGING CLIMATE 3,000
    GSA FOUNDATION
    3300 PENROSE PLACE
    BOULDER,CO80301     		NONE PC TO STRENGTHEN GSA'S MISSION TO BE THE PREMIER GEOLOGICAL SOCIETY SUPPORTING THE GLOBAL COMMUNITY IN SCIENTIFIC DISCOVERY, COMMUNICATIONS, AND APPLICATION OF GEOSCIENCE KNOWLEDGE. 205,000
    HEADWATERS SCIENCE INSTITUTE
    53964 SHERRITT LN
    SODA SPRINGS,CA95728     		NONE PC TOFOSTER CURIOSITY THROUGH SCIENCE 2,000
    HONOLULU CIVIL BEAT
    3465 WAIALAE AVENUE 200
    HONOLULU,HI96816     		NONE PC TOCULTIVATING AN INFORMED BODY OF CITIZENS, ALL STRIVING TO MAKE HAWAII A BETTER PLACE TO LIVE. 500
    INSTITUTE OF CONTEMPORARY ART SAN JOSE
    560 SOUTH FIRST STREET
    SAN JOSE,CA95113     		NONE PC TO SUPPORT THE WORKER OWNERSHIP SECTOR 5,000
    INTERNATIONAL RESCUE COMMITTEE (UKRAINE)
    122 EAST 42ND STREET
    NEW YORK,NY101681289     		NONE PC TO HELP PEOPLE SURVIVE, RECOVER AND REBUILD THEIR LIVES. 15,000
    JOHN MUIR LAND TRUST
    924 MAIN ST
    MARTINEZ,CA94553     		NONE PC TO PROTECT THE PLACES THAT MAKE THE EAST BAY SPECIAL 25,000
    KQED
    2601 MARIPOSA STREET
    SAN FRANCISCO,CA94110     		NONE PC TO SERVE AUDIENCES WITH TRUSTED, QUALITY PROGRAMMING, SO THAT INDIVIDUALS CAN ACHIEVE THEIR FULL POTENTIAL. 5,000
    LAND TRUST OF SANTA CRUZ
    617 WATER STREET
    SANTA CRUZ,CA95060     		NONE PC TO PROTECT, CARE FOR, AND CONNECT PEOPLE TO THE EXTRAORDINARY LANDS THAT MAKE THIS AREA SPECIAL. 4,000
    MEDECINS SAN FRONTIERES
    40 RECTOR ST 16TH FLOOR
    NEW YORK,NY10006     		NONE PC TO PROVIDE IMPARTIAL MEDICAL RELIEF TO THE VICTIMS OF WAR, DISEASE, AND NATURAL OR MAN-MADE DISASTER, WITHOUT REGARD TO RACE, RELIGION, OR POLITICAL AFFILIATION. 5,000
    MOMA (NY)
    11 WEST 53RD STREET
    NEW YORK,NY10009     		NONE PC TO PROMOTE ARTS 550
    NATIONAL PARKS CONSERVATION ASSOCIATION
    6TH STREET NW SUITE 700
    WASHINGTON,DC20001     		NONE PC TO PROTECT AND ENHANCE AMERICA'S NATIONAL PARK SYSTEM FOR PRESENT AND FUTURE GENERATIONS. 5,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 WEST 20TH STREET 11TH FLOOR
    NEW YORK,NY10011     		NONE PC TO SAFEGUARD THE EARTHITS PEOPLE, ITS PLANTS AND ANIMALS, AND THE NATURAL SYSTEMS ON WHICH ALL LIFE DEPENDS 5,000
    NATURE CONSERVENCY
    201 MISSION STREET 4
    SAN FRANCISCO,CA94105     		NONE PC TO CONSERVE THE LANDS AND WATERS ON WHICH ALL LIFE DEPENDS 10,000
    NEVELSON ST PETERS RENOVATION
    719 5TH STREET
    COLUMBUS,IN47201     		NONE PC TO PROMOTE ARTS 15,000
    NM BUREAU GEOLOGY & MINERAL RESOURCES (GEOCHRON LAB)
    801 LEROY PL
    SOCORRO,NM87801     		NONE PC TO CONDUCT RESEARCH AND INTERACT WITH STATE AND FEDERAL AGENCIES AND INDUSTRY TO FACILITATE PRUDENT EXPLOITATION OF THE STATE'S GEOLOGICAL RESOURCES 25,000
    OAKLAND MUSEUM
    1000 OAK ST
    OAKLAND,CA94607     		NONE PC TO INSPIRE ALL CALIFORNIANS TO CREATE A MORE VIBRANT FUTURE FOR THEMSELVES AND THEIR COMMUNITIES. 5,000
    ORINDA INTERMEDIATE SCHOOL (ROWAN)
    80 IVY DRIVE
    ORINDA,CA94563     		NONE PC TO REMIND OUR STUDENTS THAT A COMPLETE EDUCATION INCLUDES A SENSE OF COMMUNITY 2,200
    PALO ALTO ARTS CENTER
    1313 NEWELL RD
    PALO ALTO,CA94303     		NONE PC TO PROMOTE ARTS 5,000
    PENINSULA OPEN SPACE TRUST
    222 HIGH STREET
    PALO ALTO,CA94301     		NONE PC TO PROTECT AND CARE FOR OPEN SPACE, FARMS AND PARKLAND IN AND AROUND SILICON VALLEY 10,000
    PLANNED PARENTHOOD FEDERATION
    123 WILLIAM STREET 10TH FLOOR
    NEW YORK,NY10038     		NONE PC TO IMPROVE OUR COMMUNITIES' SEXUAL AND REPRODUCTIVE HEALTH OUTCOMES THROUGH HEALTH CARE, EDUCATION, AND ADVOCACY. 5,000
    PROPUBLICA
    155 AVENUE OF THE AMERICAS FLOOR 13
    NEW YORK,NY10013     		NONE PC TO EXPOSE ABUSES OF POWER AND BETRAYALS OF THE PUBLIC TRUST BY GOVERNMENT, BUSINESS, AND OTHER INSTITUTIONS 2,000
    ROCKY MOUNTAIN INSTITUTE
    22830 TWO RIVERS ROAD
    BASALT,CO81621     		NONE PC TO CREATE A CLEAN, PROSPEROUS, AND SECURE ENERGY FUTURE 10,000
    SCHREM MUSEUM (WILEY EXHIBITION
    UC DAVIS ONESHIELDS AVENUE
    DAVIS,CA95616     		NONE PC TO PROMOTE ARTS 27,500
    SECOND HARVEST OF SILICON VALLEY
    500-B SPRATT STREET
    CHARLOTTE,NC28206     		NONE PC TO LEAD OUR COMMUNITY TO ENSURE THAT ANYONE WHO NEEDS A HEALTHY MEAL CAN GET ONE 5,000
    SEMPERVIRENS FUND
    419 S SAN ANTONIO RD 211
    LOS ALTOS,CA94022     		NONE PC TO PROTECT AND PERMANENTLY PRESERVE REDWOOD 300,000
    SEQUOIA HOSPITAL FOUNDATION
    170 ALAMEDA DE LAS PULGAS
    REDWOOD CITY,CA94062     		NONE PC TO DEVELOP AND SECURE FUNDING FOR THE BENEFIT OF SEQUOIA HOSPITAL 5,000
    SEVA FOUNDATION (TIM)
    1786 FIFTH ST
    BERKELEY,CA94710     		NONE PC TO RESTORE SIGHT AND PREVENT BLINDNESS 10,000
    SIERRA CLUB FOUNDATION
    2101 WEBSTER STREET SUITE 1250
    OAKLAND,CA94612     		NONE PC TO PROMOTE ENVIRONMENTAL EFFORTS 10,000
    SJMA
    110 SOUTH MARKET STREET
    SAN JOSE,CA95113     		NONE PC TO PROMOTE ARTS 648,215
    STORM KING ART CENTER
    1 MUSEUM RD
    NEW YORK,NY12553     		NONE PC TO PROMOTE ARTS 25,000
    SLEEPY HOLLOW SCHOOL ANNUAL FUND( GRIFFIN)
    20 WASHINGTON LANE
    ORINDA,CA94563     		NONE PC TO DEVELOP STUDENTS WHO ARE RESILIENT AND EQUIPPED WITH THE KNOWLEDGE, SKILLS, AND CHARACTER TO BECOME EMPATHETIC, VISIONARY, AND SOCIALLY RESPONSIBLE CONTRIBUTING MEMBERS OF SOCIETY. 2,200
    SOLSTICE INSTITUTE (STOP INDIA PROJECT)
    302 PEARL STREET
    BOULDER,CO80302     		NONE PC TO EMPOWER LOW-INCOME AND BLACK, INDIGENOUS, PEOPLE OF COLOR COMMUNITIES 30,000
    STANFORD HEALTHCARE PARTNERS
    300 PASTEUR DR
    STANFORD,CA94305     		NONE PC TO HEAL HUMANITY THROUGH SCIENCE AND COMPASSION, ONE PATIENT AT A TIME. 5,000
    STORM KING
    1 MUSEUM ROAD
    NEW WINDSOR,NY12533     		NONE PC TO PROMOTE ARTS 135,000
    TRANSFORM
    560 14TH ST STE 400
    OAKLAND,CA94612     		NONE PC TO PROMOTE WALKABLE COMMUNITIES WITH EXCELLENT TRANSPORTATION CHOICES TO CONNECT PEOPLE OF ALL INCOMES TO OPPORTUNITY, MAKE CALIFORNIA AFFORDABLE, AND HELP SOLVE OUR CLIMATE CRISIS. 19,000
    UNHCR (UKRAINE)
    1310 L ST NW 450
    WASHINGTON,DC20005     		NONE PC TO PROTECT REFUGEES AND EMPOWERS THEM WITH HOPE AND OPPORTUNITY. 10,000
    USGS-STANFORD FELLOWSHIP
    12201 SUNRISE VALLEY DRIVE
    RESTON,VA20192     		NONE PC TO CONDUCT PEER-REVIEWED RESEARCH USING INNOVATIVE TOOLS 4,000
    VERTILE FOUND--SERINA
    6681 ARAPAHOE RD STE 1
    BOULDER,CO80303     		NONE PC TO EMPOWER EACH CHILD WITH OPPORTUNITIES TO ENVISION AND REALIZE A HEALTHY FUTURE 2,000
    VOTE SMART
    1153 24TH STREET
    DES MOINES,IA50311     		NONE PC TO PROVIDE FREE, FACTUAL, UNBIASED INFORMATION ON CANDIDATES AND ELECTED OFFICIALS TO ALL AMERICANS 3,000
    WHITNEY MUSEUM OF AMERICAN ART
    99 GANSEVOORT STREET
    NEW YORK,NY10014     		NONE PC TO PROMOTE ARTS 30,000
    WIKIPEDIA
    149 NEW MONTGOMERY STREET FLOOR 6
    SAN FRANCISCO,CA94105     		NONE PC TO EMPOWER AND ENGAGE PEOPLE AROUND THE WORLD TO COLLECT AND DEVELOP EDUCATIONAL CONTENT UNDER A FREE LICENSE OR IN THE PUBLIC DOMAIN, AND TO DISSEMINATE IT EFFECTIVELY AND GLOBALLY 500
    WOODSIDE FIRE DEPARTMENT FOUNDATION
    3111 WOODSIDE ROAD
    WOODSIDE,CA94064     		NONE   TO PROTECT LIFE, PROPERTY AND THE ENVIRONMENT THROUGH PREVENTION, EDUCATION, PREPAREDNESS 1,500
    WORLD CENTRAL KITCHEN (UKRAINE)
    200 MASSACHUSETTS AVE NW 7TH FLOOR
    WASHINGTON,DC20001     		NONE   TO OFFER ACCESS TO PROFESSIONAL CULINARY TRAINING, AND IMPROVING FOOD SECURITY FOR THE PEOPLE WE SERVE 15,000
    Total .................................bullet 3a 1,758,985
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 59  
    4 Dividends and interest from securities ....          
    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 4,866,976  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPASSTHRU INTEREST     		    14 65  
    bPASSTHRU DIVIDEND     14 4,586  
    cPASSTHRU CAPITAL GAIN   3,064 18 8,321  
    dPASSTHRU OTHER INCOME   -879 14 11,892  
    ePASSTHRU RENTAL     16 108  
    12 Subtotal. Add columns (b), (d), and (e) .. 2,185 5,436,678 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,438,863
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 14,963 2,993   11,970

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 47,903,548 54,977,710

    TY 2021 OtherAssetsSchedule
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    UNSETTLED DIVIDEND 14,703 22,756 22,756
    FINE ARTS 1,511,800 1,502,800 10,847,500
    PENDING TRADE RECEIVABLE   165,678 165,678


    TY 2021 OtherExpensesSchedule
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ART STORAGE 615 0   615
    PASSTHRU INVESTMENT INTEREST 1,029 1,029   0
    PASSTHRU OTHER PORTFOLIO DEDUCTION 9,909 9,909   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    UNSETTLED DIVIDENDS 22,756 22,756 22,756
    LITIGATION PAYMENTS 9,213 9,213 9,213
    PASSTHRU INTEREST 65 65 65
    PASSTHRU DIVIDEND 4,586 4,586 4,586
    PASSTHRU CAPITAL GAIN 11,385 8,321 11,385
    PASSTHRU OTHER INCOME 11,013 11,892 11,013
    PASSTHRU RENTAL 108 108 108


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Description Beginning of Year - Book Value End of Year - Book Value
    PENDING TRADES PAYABLE 49,857 167,180


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 381,636 381,636   0


    TY 2021 TaxesSchedule
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 2,046 2,046   0
    FEDERAL EXCISE TAXES PAID 138,766 0   0
    NEW YORK STATE REGISTRATION 1,500 0   1,500
    PASSTHRU US WITHHOLDING TAX 142 0   0
    PASSTHRU FOREIGN TAX PAID 1,088 1,088   0