TY 2021 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	7,430,000
2	Check .............
3	Interest on savings and temporary cash investments	317	317	317
4	Dividends and interest from securities...	367,329	367,329	367,329
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		742,367
b	Gross sales price for all assets on line 6a 2,904,408
7	Capital gain net income (from Part IV, line 2)...		742,367
8	Net short-term capital gain.........			151,322
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).......		100,424	272	100,424
12	Total. Add lines 1 through 11........	8,640,437	1,110,285	619,392
	13	Compensation of officers, directors, trustees, etc.	577,800	28,890	40,835	536,965
14	Other employee salaries and wages......	343,500	5,985	28,454	315,046
15	Pension plans, employee benefits.......	261,550	13,117	22,796	241,065
16a	Legal fees (attach schedule).........		6,788	0	0	6,788
b	Accounting fees (attach schedule).......		43,961	0	0	38,186
c	Other professional fees (attach schedule)....		958,596	72,600	104,356	935,691
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		13,725	256	256	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	228,322	7,802	29,172	170,641
21	Travel, conferences, and meetings.......
22	Printing and publications..........	18,471	699	775	17,696
23	Other expenses (attach schedule).......		45,371	16,021	18,234	26,754
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	2,498,084	145,370	244,878	2,288,832
25	Contributions, gifts, grants paid.......	87,333			4,099,833
26	Total expenses and disbursements. Add lines 24 and 25	2,585,417	145,370	244,878	6,388,665
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	6,055,020
b	Net investment income (if negative, enter -0-)		964,915
c	Adjusted net income (if negative, enter -0-)...			374,514

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	203,941	850,072	850,072
	2	Savings and temporary cash investments.........	2,621,881	160,256	160,256
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................	6,554,819	2,960,000	2,960,000
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	72,626	21,208	21,208
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,530,930	1,481,088	1,481,088
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	13,004,325	21,209,024	21,209,024
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	23,988,522	26,681,648	26,681,648
	17	Accounts payable and accrued expenses..........	183,100	105,077
	18	Grants payable.................	4,586,596	650,000
	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 )	91,122	114,019
	23	Total liabilities (add lines 17 through 22).........	4,860,818	869,096
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	12,147,412	20,091,043
	25	Net assets with donor restrictions............	6,980,292	5,721,509
		Foundations that do not follow FASB ASC 958, check here
		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).....	19,127,704	25,812,552
	30	Total liabilities and net assets/fund balances (see instructions).	23,988,522	26,681,648

(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
1 a	PUBLICLY TRADED SECURITIES (SHORT-TERM)
b	PUBLICLY TRADED SECURITIES (LONG-TERM)
c	THRU SCHEDULE K-1'S (SHORT-TERM)	P
d	THRU SCHEDULE K-1'S (LONG-TERM)	P
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	421,780	367,177	54,603
b	2,482,628	2,146,187	336,441
c			96,719
d			254,604
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			54,603
b			336,441
c			96,719
d			254,604
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	742,367
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 ...................		3	151,322

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	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	13,412
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	13,412
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	17,801
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	17,801
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	4,389
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax4,389	Refunded	11	0

(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
LAWRENCE H LINDEN	TRUSTEE 40.00	0	0	0
156 WEST 56TH ST SUITE 1100 NEW YORK,NY100193879
DANA WECHSLER LINDEN	TRUSTEE 1.00	0	0	0
156 WEST 56TH ST SUITE 1100 NEW YORK,NY100193879
ROGER T ULLMAN	EXECUTIVE DIRECTOR 40.00	577,800	95,101	0
156 WEST 56TH ST SUITE 1100 NEW YORK,NY100193879


ANNA C GIORGI	PROGRAM ASSOCIATE 40.00	130,000	45,648	0
156 W 56TH ST STE 1100 NY,NY100193879
GWENDOLYN P VIRGILE	EXECUTIVE ASSISTANT 40.00	93,800	56,043	0
156 W 56TH ST STE 1100 NY,NY100193879
IGOR GOLDENBERG	DIRECTOR OF FINANCE 24.00	119,700	18,469	0
156 W 56TH ST STE 1100 NY,NY100193879




Total number of other employees paid over $50,000...................	0


SPITFIRE STRATEGIES	STRATEGIC COMMUNICATION PLANNING	492,528
2300 N STREET NW SUITE 610 WASHINGTON,DC200371122
RHODIUM GROUP	US CLIMATE ANALYSIS SERVICES	146,230
5 COLUMBUS CIRCLE SUITE 1801 NEW YORK,NY100191471
CASSIDY & ASSOCIATES	PROGRAM CONSULTANTS	120,000
607 14TH STREET SUITE 400 WASHINGTON,DC200052073
CORRIDOR PARTNERS	PROGRAM PLANNING	60,000
PO BOX 20332 NEW YORK,NY100010007

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	CLIMATE POLICY INITIATIVES: SEEKS TO (1) ENCOURAGE THE ADOPTION OF AN ECONOMY-WIDE, MARKET-BASED SOLUTION TO ADDRESS THE CHALLENGE OF CLIMATE CHANGE AND ADVANCE A CLEAN-ENERGY ECONOMY, AND (2) GAIN THE INCLUSION OF CARBON DIOXIDE REMOVAL, ONE OF THE MAJOR NECESSARY COMPONENTS OF A GLOBAL CLIMATE SOLUTION, IN U.S. CLIMATE POLICY.	2,070,505
2


3


4

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

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........
4Qualifying distributions for 2021 from Part
XI, line 4: $
a Applied to 2020, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2021 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2021.
(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
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......
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....

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	(e) Total
	374,514	292,573	319,714	430,360	1,417,161
b 85% (0.85) of line 2a .........	318,337	248,687	271,757	365,806	1,204,587
c Qualifying distributions from Part XI, line 4 for each year listed .....	6,388,665	6,682,787	8,137,193	7,858,981	29,067,626
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	4,318,161	4,424,442	5,778,058	5,740,465	20,261,126
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	2,070,504	2,258,345	2,359,135	2,118,516	8,806,500
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	564,871	487,039	541,269	613,939	2,207,118
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) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

LAWRENCE H LINDEN

DANA WECHSLER LINDEN

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:

3 Grants and Contributions Paid During the Year or Approved for Future Payment
aPaid during the year
ALLIANCE FOR MARKET SOLUTIONS 325 7TH STREET NW SUITE 820 WASHINGTON,DC200042801	N/A	PC	GENERAL OPERATING SUPPORT	1,250,000
AMERICAN FORESTS 1220 L STREET NW SUITE 750 WASHINGTON,DC200054079	N/A	PC	CARBON DIOXIDE REMOVAL	384,000
BIPARTISAN POLICY CENTER 1225 EYE STREET NW SUITE 1000 WASHINGTON,DC200053914	N/A	PC	CARBON DIOXIDE REMOVAL	400,000
CARBON 180 1111 BROADWAY 3RD FLOOR OAKLAND,CA946074139	N/A	PC	CARBON DIOXIDE REMOVAL	150,000
CLEAN AIR TASK FORCE INC 114 STATE STREET 6TH FLOOR BOSTON,MA021092421	N/A	PC	ADVANCING CARBON DIOXIDE REMOVAL TO ACHIEVE ZERO-CARBON GOALS	100,000
CLIMATE LEADERSHIP COUNCIL 1250 CONNECTICUT AVENUE NW SUITE 625 WASHINGTON,DC200362667	N/A	PC	CARBON DIVIDENDS INITIATIVE	100,000
COALITION FOR RAINFOREST NATIONS SECRETARIAT 52 VANDERBILT AVENUE SUITE 1401 NEW YORK,NY100173836	N/A	PC	GENERAL OPERATING SUPPORT	25,000
COLUMBIA UNIVERSITY 622 W 113TH STREET MC4522 NEW YORK,NY100257982	N/A	PC	CENTER ON GLOBAL ENERGY POLICY	150,000
COLUMBIA UNIVERSITY 622 W 113TH STREET MC4522 NEW YORK,NY100257982	N/A	PC	CENTER FOR ENVIRONMENT, ECONOMY AND SOCIETY (CEES)	25,000
ENERGY FUTURES INITIATIVE INC 900 17TH STREET NW SUITE 1100 WASHINGTON,DC200062592	N/A	PF	CARBON DIOXIDE REMOVAL	44,000
GREAT PLAINS INSTITUTE 2801 21ST AVENUE S SUITE 220 MINNEAPOLIS,MN554071229	N/A	PC	CARBON REMOVAL ALLIANCE	150,000
LEAGUE OF CONSERVATION VOTERS EDUCATION FUND 1920 L STREET NW SUITE 800 WASHINGTON,DC200365045	N/A	PC	VOTER EDUCATION	50,000
MALIASILI INITIATIVES INC PO BOX 293 UNDERHILL,VT054890293	N/A	PC	GENERAL OPERATING SUPPORT	5,000
NATIONAL WILDLIFE FEDERATION 11100 WILDLIFE CENTER DRIVE RESTON,VA201905362	N/A	PC	ADVANCIG CDR	100,000
NATURAL RESOURCES DEFENSE COUNCIL 40 WEST 20TH STREET NEW YORK,NY100114211	N/A	PC	CLIMATE CHANGE	62,500
NISKANEN CENTER 1875 CONNECTICUT AVENUE NW 10TH FLOOR WASHINGTON,DC200096046	N/A	PC	CARBON TAX INITIATIVE 2020-2021	50,000
NISKANEN CENTER 1875 CONNECTICUT AVENUE NW 10TH FLOOR WASHINGTON,DC200096046	N/A	PC	CARBON TAX INITIATIVE 2021	33,333
OPEN SPACE INSTITUTE 1350 BROADWAY SUITE 201 NEW YORK,NY100180983	N/A	PC	GENERAL OPERATING SUPPORT	10,000
OURENERGYPOLICY 529 14TH STREET NW SUITE 1150 WASHINGTON,DC200452121	N/A	PC	GENERAL OPERATING SUPPORT	1,000
RESOURCES FOR THE FUTURE 1616 P STREET NW WASHINGTON,DC200361400	N/A	PC	CLIMATE POLICY INITIATIVE	200,000
RESOURCES FOR THE FUTURE 1616 P STREET NW WASHINGTON,DC200361400	N/A	PC	GENERAL OPERATING SUPPORT	25,000
RHODIUM GROUP 5 COLUMBUS CIRCLE SUITE 1801 NEW YORK,NY100191471	N/A	NC	COMPREHENSIVE QUANTITATIVE ANALYTICAL REPORT 2021	400,000
ROCKEFELLER FAMILY FUND 475 RIVERSIDE DRIVE SUITE 900 NEW YORK,NY101150066	N/A	PC	GENERAL OPERATING SUPPORT	25,000
WILDLIFE CONSERVATION SOCIETY 2300 SOUTHERN BOULEVARD BRONX,NY104601090	N/A	PC	GENERAL OPERATING SUPPORT	10,000
WORLD RESOURCES INSTITUTE 10 G STREET NE SUITE 800 WASHINGTON,DC200024252	N/A	PC	CARBON PRICING MODEL	25,000
WORLD RESOURCES INSTITUTE 10 G STREET NE SUITE 800 WASHINGTON,DC200024252	N/A	PC	CARBON REMOVAL OBJECTIVES AND OPPORTUNITIES	200,000
WORLD RESOURCES INSTITUTE 10 G STREET NE SUITE 800 WASHINGTON,DC200024252	N/A	PC	GENERAL OPERATING SUPPORT	25,000
WORLD WILDLIFE FUND 325 7TH STREET NW SUITE 820 WASHINGTON,DC200042801	N/A	PC	GENERAL OPERATING SUPPORT	100,000
Total ................................. 3a	4,099,833

bApproved for future payment
ALLIANCE FOR MARKET SOLUTIONS 325 7TH STREET NW SUITE 820 WASHINGTON,DC200042801	N/A	PC	GENERAL OPERATING SUPPORT	250,000
BIPARTISAN POLICY CENTER 1225 EYE STREET NW SUITE 1000 WASHINGTON,DC200053914	N/A	PC	CARBON DIOXIDE REMOVAL	100,000
GREAT PLAINS INSTITUTE 2801 21ST AVENUE S SUITE 220 MINNEAPOLIS,MN554071229	N/A	PC	CARBON REMOVAL ALLIANCE	150,000
RESOURCES FOR THE FUTURE 1616 P STREET NW WASHINGTON,DC200361400	N/A	PC	CLIMATE POLICY INITIATIVE	100,000
WORLD RESOURCES INSTITUTE 10 G STREET NE SUITE 800 WASHINGTON,DC200024252	N/A	PC	CDR OBJECTIVES AND OPPERATIONS	50,000
Total ................................. 3b	650,000

Line No.	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.)
11B	LINDEN TRUST FOR CONSERVATION (THE "TRUST") HAS ENTERED INTO A SHARED SERVICES AGREEMENT WITH LTC ACTION, INC. (THE ORGANIZATION"), AN IRS RECOGNIZED ORGANIZATION DESCRIBED UNDER IRS CODE SECTION 501(C)(4), GOVERNING THE ALLOCATED COSTS OF THE ORGANIZATION'S USE OF THE TRUST'S PAID STAFF AND FACILITIES. DURING THE YEAR ENDED DECEMBER 31, 2021, THE ORGANIZATION REIMBURSED THE TRUST $69,217 OF SHARED SERVICE AGREEMENT FEES AND $30,291 OF REIMBURSED EXPENSES.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements
1b(4)	30,291	LTC ACTION INC	LINDEN TRUST FOR CONSERVATION (THE "TRUST") HAS ENTERED INTO A SHARED SERVICES AGREEMENT WITH LTC ACTION, INC. (THE ORGANIZATION"), AN IRS RECOGNIZED ORGANIZATION DESCRIBED UNDER IRS CODE SECTION 501(C)(4), GOVERNING THE ALLOCATED COSTS OF THE ORGANIZATION'S USE OF THE TRUST'S PAID STAFF AND FACILITIES. DURING THE YEAR ENDED DECEMBER 31, 2021, THE ORGANIZATION REIMBURSED THE TRUST $30,291 FOR SHARED COSTS.
1c	69,217	LTC ACTION INC	LINDEN TRUST FOR CONSERVATION (THE "TRUST") HAS ENTERED INTO A SHARED SERVICES AGREEMENT WITH LTC ACTION, INC. (THE ORGANIZATION"), AN IRS RECOGNIZED ORGANIZATION DESCRIBED UNDER IRS CODE SECTION 501(C)(4), GOVERNING THE ALLOCATED COSTS OF THE ORGANIZATION'S USE OF THE TRUST'S PAID STAFF AND FACILITIES. DURING THE YEAR ENDED DECEMBER 31, 2021, THE ORGANIZATION PAID THE TRUST $69,217 FOR SHARING FACILITIES, EQUIPMENT AND PAID EMPLOYEES.

(a) Name of organization	(b) Type of organization	(c) Description of relationship
LTC ACTION INC	501(C)(4)	LINDEN TRUST FOR CONSERVATION (THE "TRUST") HAS ENTERED INTO A SHARED SERVICES AGREEMENT WITH LTC ACTION, INC. (THE ORGANIZATION") GOVERNING THE ALLOCATION OF COSTS AND REIMBURSEMENT OF EXPENSES FROM THE ORGANIZATION FOR THE USE OF THE TRUST'S COMPENSATED STAFF, EQUIPMENT AND FACILITIES. THE ORGANIZATION'S BOARD PRESIDENT ALSO SERVES AS A COMPENSATED OFFICER OF THE TRUST, AND THEREFORE COMMON CONTROL IS PRESENT.

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	(e) Related or exempt function income (See instructions.)
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	317
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	742,367
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INVESTMENT LOSS			14	272
bORGANIZATION ADMINISTRATIVE INCOME					99,508
cMISCELLANEOUS INCOME			14	644
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		1,110,929	99,508

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization LINDEN TRUST FOR CONSERVATION

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	GEORGE LOENING C/O GELLER ADVISORS LLC PO BOX1 510 NEW YORK, NY101591510	$ 10,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	LAWRENCE H LINDEN AND DANA W LINDEN 156 WEST 56TH STREET NEW YORK, NY100193879	$ 7,420,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Name of organization LINDEN TRUST FOR CONSERVATION		Employer identification number 13-3748063

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2021)

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee
ENERGY FUTURES INITIATIVE INC	900 17TH STREET NW SUITE 1100 WASHINGTON,DC200062592	2020-01-09	156,177	CARBON DIOXIDE REMOVAL RD&D INITIATIVE PHASE II: ORPHAN CDR TECHNOLOGIES	156,177	TO THE GRANTOR'S KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED FROM THE PURPOSE OF	12/18/2020
ENERGY FUTURES INITIATIVE INC	900 17TH STREET NW SUITE 1100 WASHINGTON,DC200062592	2020-05-05	50,000	CALIFORNIA CARBON CAPTURE USE AND STORAGE STUDY	50,000	TO THE GRANTOR'S KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED FROM THE PURPOSE OF	12/18/2020
ENERGY FUTURES INITIATIVE INC	900 17TH STREET NW SUITE 1100 WASHINGTON,DC200062592	2021-12-16	44,000	LARGE SCALE CDR AND STORAGE			PENDING
RHODIUM GROUP	5 COLUMBUS CIRCLE SUITE 1801 NEW YORK,NY100191471	2021-02-05	400,000	CLOSING THE GAP			PENDING


(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
ANNA C GIORGI	PROGRAM ASSOCIATE 40.00	130,000	45,648	0
156 W 56TH ST STE 1100 NY,NY100193879	PROGRAM ASSOCIATE 40.00	130,000	45,648	0
GWENDOLYN P VIRGILE	EXECUTIVE ASSISTANT 40.00	93,800	56,043	0
156 W 56TH ST STE 1100 NY,NY100193879	EXECUTIVE ASSISTANT 40.00	93,800	56,043	0
IGOR GOLDENBERG	DIRECTOR OF FINANCE 24.00	119,700	18,469	0
156 W 56TH ST STE 1100 NY,NY100193879	DIRECTOR OF FINANCE 24.00	119,700	18,469	0




Total number of other employees paid over $50,000...................				0

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
SPITFIRE STRATEGIES	STRATEGIC COMMUNICATION PLANNING	492,528
2300 N STREET NW SUITE 610 WASHINGTON,DC200371122	STRATEGIC COMMUNICATION PLANNING	492,528
RHODIUM GROUP	US CLIMATE ANALYSIS SERVICES	146,230
5 COLUMBUS CIRCLE SUITE 1801 NEW YORK,NY100191471	US CLIMATE ANALYSIS SERVICES	146,230
CASSIDY & ASSOCIATES	PROGRAM CONSULTANTS	120,000
607 14TH STREET SUITE 400 WASHINGTON,DC200052073	PROGRAM CONSULTANTS	120,000
CORRIDOR PARTNERS	PROGRAM PLANNING	60,000
PO BOX 20332 NEW YORK,NY100010007	PROGRAM PLANNING	60,000

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ALLIANCE FOR MARKET SOLUTIONS 325 7TH STREET NW SUITE 820 WASHINGTON,DC200042801	N/A	PC	GENERAL OPERATING SUPPORT	1,250,000
AMERICAN FORESTS 1220 L STREET NW SUITE 750 WASHINGTON,DC200054079	N/A	PC	CARBON DIOXIDE REMOVAL	384,000
BIPARTISAN POLICY CENTER 1225 EYE STREET NW SUITE 1000 WASHINGTON,DC200053914	N/A	PC	CARBON DIOXIDE REMOVAL	400,000
CARBON 180 1111 BROADWAY 3RD FLOOR OAKLAND,CA946074139	N/A	PC	CARBON DIOXIDE REMOVAL	150,000
CLEAN AIR TASK FORCE INC 114 STATE STREET 6TH FLOOR BOSTON,MA021092421	N/A	PC	ADVANCING CARBON DIOXIDE REMOVAL TO ACHIEVE ZERO-CARBON GOALS	100,000
CLIMATE LEADERSHIP COUNCIL 1250 CONNECTICUT AVENUE NW SUITE 625 WASHINGTON,DC200362667	N/A	PC	CARBON DIVIDENDS INITIATIVE	100,000
COALITION FOR RAINFOREST NATIONS SECRETARIAT 52 VANDERBILT AVENUE SUITE 1401 NEW YORK,NY100173836	N/A	PC	GENERAL OPERATING SUPPORT	25,000
COLUMBIA UNIVERSITY 622 W 113TH STREET MC4522 NEW YORK,NY100257982	N/A	PC	CENTER ON GLOBAL ENERGY POLICY	150,000
COLUMBIA UNIVERSITY 622 W 113TH STREET MC4522 NEW YORK,NY100257982	N/A	PC	CENTER FOR ENVIRONMENT, ECONOMY AND SOCIETY (CEES)	25,000
ENERGY FUTURES INITIATIVE INC 900 17TH STREET NW SUITE 1100 WASHINGTON,DC200062592	N/A	PF	CARBON DIOXIDE REMOVAL	44,000
GREAT PLAINS INSTITUTE 2801 21ST AVENUE S SUITE 220 MINNEAPOLIS,MN554071229	N/A	PC	CARBON REMOVAL ALLIANCE	150,000
LEAGUE OF CONSERVATION VOTERS EDUCATION FUND 1920 L STREET NW SUITE 800 WASHINGTON,DC200365045	N/A	PC	VOTER EDUCATION	50,000
MALIASILI INITIATIVES INC PO BOX 293 UNDERHILL,VT054890293	N/A	PC	GENERAL OPERATING SUPPORT	5,000
NATIONAL WILDLIFE FEDERATION 11100 WILDLIFE CENTER DRIVE RESTON,VA201905362	N/A	PC	ADVANCIG CDR	100,000
NATURAL RESOURCES DEFENSE COUNCIL 40 WEST 20TH STREET NEW YORK,NY100114211	N/A	PC	CLIMATE CHANGE	62,500
NISKANEN CENTER 1875 CONNECTICUT AVENUE NW 10TH FLOOR WASHINGTON,DC200096046	N/A	PC	CARBON TAX INITIATIVE 2020-2021	50,000
NISKANEN CENTER 1875 CONNECTICUT AVENUE NW 10TH FLOOR WASHINGTON,DC200096046	N/A	PC	CARBON TAX INITIATIVE 2021	33,333
OPEN SPACE INSTITUTE 1350 BROADWAY SUITE 201 NEW YORK,NY100180983	N/A	PC	GENERAL OPERATING SUPPORT	10,000
OURENERGYPOLICY 529 14TH STREET NW SUITE 1150 WASHINGTON,DC200452121	N/A	PC	GENERAL OPERATING SUPPORT	1,000
RESOURCES FOR THE FUTURE 1616 P STREET NW WASHINGTON,DC200361400	N/A	PC	CLIMATE POLICY INITIATIVE	200,000
RESOURCES FOR THE FUTURE 1616 P STREET NW WASHINGTON,DC200361400	N/A	PC	GENERAL OPERATING SUPPORT	25,000
RHODIUM GROUP 5 COLUMBUS CIRCLE SUITE 1801 NEW YORK,NY100191471	N/A	NC	COMPREHENSIVE QUANTITATIVE ANALYTICAL REPORT 2021	400,000
ROCKEFELLER FAMILY FUND 475 RIVERSIDE DRIVE SUITE 900 NEW YORK,NY101150066	N/A	PC	GENERAL OPERATING SUPPORT	25,000
WILDLIFE CONSERVATION SOCIETY 2300 SOUTHERN BOULEVARD BRONX,NY104601090	N/A	PC	GENERAL OPERATING SUPPORT	10,000
WORLD RESOURCES INSTITUTE 10 G STREET NE SUITE 800 WASHINGTON,DC200024252	N/A	PC	CARBON PRICING MODEL	25,000
WORLD RESOURCES INSTITUTE 10 G STREET NE SUITE 800 WASHINGTON,DC200024252	N/A	PC	CARBON REMOVAL OBJECTIVES AND OPPORTUNITIES	200,000
WORLD RESOURCES INSTITUTE 10 G STREET NE SUITE 800 WASHINGTON,DC200024252	N/A	PC	GENERAL OPERATING SUPPORT	25,000
WORLD WILDLIFE FUND 325 7TH STREET NW SUITE 820 WASHINGTON,DC200042801	N/A	PC	GENERAL OPERATING SUPPORT	100,000
Total ................................. 3a				4,099,833


Name of organization LINDEN TRUST FOR CONSERVATION			Employer identification number 13-3748063
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ADOBE INC CMN (ADBE) 85.000 SHARES	48,200	48,200
ALPHABET INC. CMN CLASS A (GOOGL) 49.000 SHARES	141,955	141,955
AMAZON.COM INC CMN (AMZN) 36.000 SHARES	120,036	120,036
AON PUBLIC LIMITED COMPANY CMN (AON) 90.000 SHARES	27,050	27,050
ASTRAZENECA PLC SPONS ADR SPONSORED ADR CMN (AZN) 493.000 SHARES	28,717	28,717
AUTOMATIC DATA PROCESSING INC CMN (ADP) 139.000 SHARES	34,419	34,419
BOSTON SCIENTIFIC CORP. COMMON STOCK (BSX) 733.000 SHARES	31,138	31,138
CHARLES SCHWAB CORPORATION CMN (SCHW) 1,082.000 SHARES	90,996	90,996
FISERV, INC. CMN (FISV) 239.000 SHARES	24,806	24,806
FLEETCOR TECHNOLOGIES, INC. CMN (FLT) 167.000 SHARES	37,381	37,381
GLOBAL PAYMENTS INC. CMN (GPN) 225.000 SHARES	30,416	30,416
INTUIT INC CMN (INTU) 84.000 SHARES	54,030	54,030
KEURIG DR PEPPER INC CMN (KDP) 723.000 SHARES	26,650	26,650
LINDE PLC CMN (LIN) 111.000 SHARES	38,453	38,453
MASTERCARD INCORPORATED CMN CLASS A (MA) 93.000 SHARES	33,417	33,417
META PLATFORMS INC CMN CLASS A (FB) 333.000 SHARES	112,005	112,005
MICROSOFT CORPORATION CMN (MSFT) 551.000 SHARES	185,312	185,312
MONSTER BEVERAGE CORPORATION CMN (MNST) 440.000 SHARES	42,258	42,258
NETFLIX, INC. CMN (NFLX) 91.000 SHARES	54,822	54,822
NEUROCRINE BIOSCIENCES, INC. CMN (NBIX) 299.000 SHARES	25,466	25,466
NVIDIA CORPORATION CMN (NVDA) 183.000 SHARES	53,822	53,822
PAYPAL HOLDINGS, INC. CMN (PYPL) 389.000 SHARES	73,358	73,358
UNITED PARCEL SERVICE, INC. CLASS B CMN (UPS) 203.000 SHARES	43,511	43,511
UNITEDHEALTH GROUP INCORPORATE CMN (UNH) 89.000 SHARES	44,690	44,690
VISA INC. CMN CLASS A (V) 220.000 SHARES	47,676	47,676
ZOETIS INC. CMN CLASS A (ZTS) 125.000 SHARES	30,504	30,504

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
DYNAMIC EQUITY MANAGERS: PORTFOLIO 2 [SERIES]	FMV	1,218,412	1,218,412
DYNAMIC EQUITY MANAGERS: PORTFOLIO 4 [SERIES]	FMV	798,441	798,441
EDGEWATER GROWTH CAPITAL PARTNERS II, L.P.	FMV	106,294	106,294
EDGEWATER GROWTH CAPITAL PARTNERS, L.P.	FMV	118,338	118,338
GLOBAL DISTRESSED OPPORTUNITIES CAYMAN UNIT TRUST	FMV	26,933	26,933
GOLDMAN SACHS CORE FIXED INCOME FUND INST CL P (GSFIX) 61,954.602 SHARES	FMV	674,686	674,686
GOLDMAN SACHS EMERGING MRKTS EQUITY INSIGHTS CL P (GAGPX) 74,194.568 SHARES	FMV	721,171	721,171
GOLDMAN SACHS HIGH YIELD FLOATING RATE INST CL P (GSFRX) 236,672.758 SHARES	FMV	2,217,624	2,217,624
GOLDMAN SACHS HIGH YIELD FUND CL P (GGMPX) 74,821.550 SHARES	FMV	480,354	480,354
GOLDMAN SACHS INTERNATIONAL EQUITY INSIGHTS CL P (GGFPX) 61,534.253 SHARES	FMV	885,478	885,478
GOLDMAN SACHS SHORT DURATION INCOME FUND CL P (GMCPX) 349,019.171 SHARES	FMV	3,528,584	3,528,584
GS MEZZANINE PARTNERS 2006 OFFSHORE, L.P.	FMV	4,822	4,822
SPDR S&P 500 ETF TRUST (SPY) 20,451.000 SHARES	FMV	9,733,005	9,733,005
XTRACKERS MSCI EAFE HEDGED EQUITY ETF (DBEF) 17,695.000 SHARES	FMV	694,882	694,882

Description	Amount
DEFERRED FEDERAL EXCISE TAX EXPENSE	31,000
CHANGE IN DISCOUNT ON GRANTS PAYABLE	75,904
GRANTS RECEIVABLE RESCINDED	677,500

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INSURANCE	9,775	371	371	9,404
OFFICE FURNISHING AND EQUIPMENT	4,663	162	549	4,114
OFFICE EXPENSES	14,630	305	2,131	12,116
MEMBERSHIP DUES	345	0	0	345
FILING FEES	775	0	0	775
BANK FEES	640	640	640	0
OTHER INVESTMENT EXPENSES	14,543	14,543	14,543	0

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INVESTMENT LOSS	272	272	272
ORGANIZATION ADMINISTRATIVE INCOME	99,508		99,508
MISCELLANEOUS INCOME	644		644

Description	Amount
UNREALIZED APPRECIATION OF INVESTMENTS	1,294,051
CHANGE IN DISCOUNT ON CONTRIBUTIONS RECEIVABLE	120,181

Software ID:
Software Version:

Description	Beginning of Year - Book Value	End of Year - Book Value
DEFERRED FEDERAL EXCISE TAX	58,100	89,100
DEFERRED RENT	33,022	24,919

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INFORMATION TECHNOLOGY CONSULTANT	21,164	738	2,494	18,671
INVESTMENT MANAGEMENT AND ADVISORY	71,862	71,862	71,862	0
PROGRAM RELATED CONSULTANTS	865,570	0	30,000	917,020