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 01-01-2021 , and ending 12-31-2021
Name of foundation
Builders Initiative Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1860
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BENTONVILLE, AR72712
A Employer identification number

82-1503941
B Telephone number (see instructions)

(479) 464-1570
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$1,251,993,054J 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) 47,030,100
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 23,225,429 23,225,429  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 16,459,098
b Gross sales price for all assets on line 6a 475,382,857
7 Capital gain net income (from Part IV, line 2)... 63,374,333
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment 47,170 -82,697 0
12 Total. Add lines 1 through 11........ 86,761,797 86,517,065 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 87,681 0 0 87,681
b Accounting fees (attach schedule)....... Click to see attachment 38,074 0 0 38,074
c Other professional fees (attach schedule).... Click to see attachment 8,775,259 7,473,639 0 1,301,620
17 Interest............... 41,325 41,325    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,309,023 1,959,023 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 284     284
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,263,172 2,238,992 0 24,100
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,514,818 11,712,979 0 1,451,759
25 Contributions, gifts, grants paid....... 28,391,344 28,391,344
26 Total expenses and disbursements. Add lines 24 and 25 46,906,162 11,712,979 0 29,843,103
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 39,855,635
b Net investment income (if negative, enter -0-) 74,804,086
c Adjusted net income (if negative, enter -0-)... 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............. 117,701 274,682 274,682
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) bullet2,750,000
Less: allowance for doubtful accounts bullet0 1,000,000 Click to see attachment2,750,000 2,750,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 754,100 Click to see attachment754,100 753,258
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 991,073,895 Click to see attachment1,028,858,651 1,248,215,114
14 Land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 992,945,696 1,032,637,433 1,251,993,054
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe bullet) Click to see attachment163,898 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 163,898 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 992,781,798 1,032,637,433
29 Total net assets or fund balances (see instructions)..... 992,781,798 1,032,637,433
30 Total liabilities and net assets/fund balances (see instructions). 992,945,696 1,032,637,433
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
992,781,798
2
Enter amount from Part I, line 27a .....................
2
39,855,635
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,032,637,433
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
1,032,637,433
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 325,000 SHARES OF PUBLICLY TRADED SECURITIES D    
b NORTHERN TRUST CASH ACCOUNT - VARIOUS STOCKS P    
c NORTHERN TRUST CASH ACCOUNT - CAPITAL GAIN DISTRIBUTIONS P    
d NORTHERN TRUST CASH ACCOUNT - VARIOUS STOCKS P    
e NORTHERN TRUST WORLD EX - VARIOUS STOCKS P    
NORTHERN TRUST WORLD EX - CAPITAL GAIN DISTRIBUTIONS P    
NORTHERN TRUST WORLD EX - VARIOUS STOCKS P    
NORTHERN TRUST R1000 - VARIOUS STOCKS P    
NORTHERN TRUST R1000 - CAPITAL GAIN DISTRIBUTIONS P    
NORTHERN TRUST R1000 - VARIOUS STOCKS P    
NORTHERN TRUST TIAA BONDS - VARIOUS STOCKS P    
NORTHERN TRUST TIAA BONDS - CAPITAL GAIN DISTRIBUTIONS P    
PASS-THROUGH GAIN/LOSS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 45,800,569   114,865 45,685,704
b 45,044,851   45,845,069 -800,218
c 90,608   0 90,608
d 181,955,216   181,661,714 293,502
e 25,783,013   22,683,334 3,099,679
72,021   0 72,021
28,395,794   26,782,075 1,613,719
38,891,011   32,630,465 6,260,546
60,682   0 60,682
22,092,164   16,354,605 5,737,559
85,880,467   85,936,397 -55,930
68   0 68
1,316,393   0 1,316,393
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     0 45,685,704
b     0 -800,218
c     0 90,608
d     0 293,502
e     0 3,099,679
    0 72,021
    0 1,613,719
    0 6,260,546
    0 60,682
    0 5,737,559
    0 -55,930
    0 68
    0 1,316,393
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 63,374,333
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 0
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  
3 Add lines 1 and 2........................... 3 1,039,777
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,039,777
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 843,853
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 550,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,393,853
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 10 354,076
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet354,076 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
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)
    bulletDE, AR
    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 ofbulletKARI HARRIS Telephone no.bullet (479) 464-1570

    Located atbulletPO BOX 1860BENTONVILLEAR ZIP+4bullet72712
    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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletIS, JA, NL, BE, UK, CA, DA, FR, GM
    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)
    Yes
     
    (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
     
    No
    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)
    Yes
     
    (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
     
    No
    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
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    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
    ROBERT A SMITH TREASURER
    1.000     		0 0 0
    PO BOX 1860
    BENTONVILLE,AR72712
    LUKAS WALTON DIRECTOR, CO-CHIEF OFFICER, CHAIRMAN
    10.000     		0 0 0
    PO BOX 1860
    BENTONVILLE,AR72712
    Samantha Walton DIRECTOR, CO-CHIEF OFFICER, CHAIRMAN
    5.000     		0 0 0
    PO BOX 1860
    BENTONVILLE,AR72712
    BRUCE McNAMER PRESIDENT
    10.000     		0 0 0
    PO BOX 1860
    BENTONVILLE,AR72712
    LISA FORBES SECRETARY
    5.000     		0 0 0
    PO BOX 1860
    BENTONVILLE,AR72712
    MATT KNOTT DIRECTOR
    2.000     		0 0 0
    PO BOX 1860
    BENTONVILLE,AR72712
    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
     
    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
    BUILDERS VISION LLC INVESTMENT MANAGEMENT SERVICES 7,770,491
    PO BOX 1860
    Bentonville,AR72712
    NORTHERN TRUST INVESTMENT MANAGEMENT 738,632
    50 SOUTH LASALLE STREET
    CHICAGO,IL60603
    WALTON ENTERPRISES LLC MANAGEMENT SERVICES 269,643
    PO BOX 1860
    BENTONVILLE,AR72712
    SPITFIRE STRATEGIES LLC CONSULTING 63,000
    2300 N STREET NW
    SUITE 610
    WASHINGTON,DC20037
    LUTMAN & ASSOCIATES LLC CONSULTING 60,000
    1161 SELBY AVE 1
    SAINT PAUL,MN55104
    Total number of others receiving over $50,000 for professional services.............bullet1
    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 The purpose of the Loan to Reharvest Partnerts II, LLC is (i) to enable the Company to foster environmental conservation and protection and rural economic development through investment in the SWOF program, which promotes adoption of sustainable agriculture practices to mitigate climate change and bolster declining farmer incomes, and (ii) to demonstrate market acceptance of a financial model that has the potential to scale widespread adoption of sustainable agricultural practices, in furtherance of the Lender's exempt purposes, as described in Sections 501(c)(3) and 170(c)(2)(B) of the Code and the regulations thereunder, of economic development and protection of the natural environment for the benefit of the public. 1,000,000
    2 The purpose of the Program Related Investment (PRI) loan to Pashko is to foster economic empowerment and job creation for skilled craftspeople in the United States whose industries have been decimated by the automation and overseas transfer of manufacturing and production and who are predominantly low-income, female and/or people of color and to demonstrate market acceptance of a new model that starts with the well-being of the Maker, who in turn boosts the local economy, community connectivity, and consumer appetite for supporting local economies, thereby generating wealth for such individuals and their households and contributing to the economic revitalization of the distressed communities in which they live by improving prospects for economic advancement, all in furtherance of relieving poverty and distress and combatting community deterioration. 750,000
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet1,750,000
    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
    1,167,670,711
    b
    Average of monthly cash balances.......................
    1b
    13,699,156
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,181,369,867
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,181,369,867
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    17,720,548
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    1,163,649,319
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    58,182,466
    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
    58,182,466
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    1,039,777
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,039,777
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    57,142,689
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    2,203
    5
    Add lines 3 and 4............................
    5
    57,144,892
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    57,144,892
    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 57,144,892
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 18,786,580
    b Total for prior years:20, 2018, 2017 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 0
    b From 2017...... 0
    c From 2018...... 0
    d From 2019...... 0
    e From 2020...... 0
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 31,593,103
    a Applied to 2020, but not more than line 2a 18,786,580
    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..... 12,806,523
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021.   0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    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 ..........     		44,338,369
    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) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017.... 0
    b Excess from 2018.... 0
    c Excess from 2019.... 0
    d Excess from 2020.... 0
    e Excess from 2021.... 0
    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).)
    LUKAS T WALTON
    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
    Academy for Global Citizenship Charter School
    4647 W 47th Street
    Chicago,IL60632     		  PC Annual General Support 40,000
    Advocates for Urban Agriculture
    PO Box 168083
    Chicago,IL60616     		  PC Water Rights for Urban Farms 72,260
    America Online Giving Foundation
    40 East Main Street Suite 887
    Newark,NJ19711     		  PC Support for the Charitable Match Program 120,834
    Animal Protective Assn
    2914 N Elston Avenue
    Chicago,IL60618     		  PC to support general operations 5,000
    Anticruelty Society
    157 West Grand Avenue
    Chicago,IL60654     		  PC This grant will support low-cost to no-cost veterinary services to families on the South and West sides of Chicago 110,000
    Aquarium of the Pacific
    100 Aquarium Way
    Long Beach,CA90802     		  PC Cutting the Blue Tape, Aquaculture in CA 171,922
    Austin Coming Together
    5049 W Harrison St
    Chicago,IL60644     		  PC Austin Fresh Year 2 83,250
    BUILD Incorporated
    5100 W Harrison Street
    Chicago,IL60644     		  PC BUILD Kitchen 310,000
    Best Friends Animal Society
    5001 Angel Canyon Road
    Kanab,UT84741     		  PC to support the Cat Resource Center pilot project 244,315
    Best Friends Animal Society
    5001 Angel Canyon Road
    Kanab,UT84741     		  PC To support operations and staff costs leading up to the opening of the Pet Resource Center 470,000
    Best Friends Animal Society
    5001 Angel Canyon Road
    Kanab,UT84741     		  PC to support the costs of a fundraising position and funds associated with fundraising 142,500
    Best Friends Animal Society
    5001 Angel Canyon Road
    Kanab,UT84741     		  PC for Pet Resource Center construction 2,000,000
    BISSELL Pet Foundation
    2345 Walker Ave NW
    Grand Rapids,MI49544     		  POF to support the Helena/West Helena Spay/Neuter Clinics 75,000
    Black Women in Ecology Evolution and Marine Science
    11216 Southwest 63rd Terrace
    Miami,FL33173     		  PC BWEEMs Network Support 125,000
    Block Club Chicago NFP
    233 North Michigan Avenue
    Chicago,IL60601     		  PC Block Club Support 100,000
    Board of Trustees of the Leland Stanford Junior University (Stanford)
    450 Jane Stanford Way
    Stanford,CA94305     		  PC Communications & Engagement for Blue Food 300,000
    Buckminster Fuller Institute
    2261 Market Street 469
    San Francisco,CA94114     		  PC ReefGen Autonomous Coral Planting Robot 297,850
    Cascade County Council of the Society of St Vincent de Paul
    426 Central Avenue West
    Great Falls,MT59404     		  PC 2021 Holiday Grant 20,000
    Center for Cultural Innovation
    244 San Pedro Street 401
    Los Angeles,CA90012     		  PC AmbitioUS Participation - New Economy 250,000
    Changing Tastes
    1916 Delancey Place
    Philadelphia,PA19103     		  POF If More By Sea Research, Activation, Coali 642,000
    Chicago Community Foundation
    225 North Michigan Avenue
    Chicago,IL60601     		  PC Art Works Fund: General Operations Fund 150,000
    Chicago Fund for Aging & Disability DBA Meals on Wheels Chicago
    314 West Superior Street Suite 300
    Chicago,IL60654     		  PC Holiday Gift Program 25,000
    Chicago Public Media Inc
    848 E Grand Ave
    Chicago,IL60611     		  PC Chicago Public Radio WEBZ 125,000
    Coastal Quest
    2625 Alcatraz Ave 609
    Berkeley,CA94705     		  PC Seafood and Gender Equality (SAGE) 100,000
    Companion Animal Alliance
    2550 Gourrier Avenue
    Baton Rouge,LA70820     		  PC to support keeping families together through the Pets for Life Program 150,000
    Conservation International Foundation
    2011 Crystal Drive Suite 600
    Arlington,VA22202     		  PC Kelp for Climate Change Mitigation 79,686
    Coral Reef Alliance
    1330 Broadway Suite 600
    Oakland,CA94612     		  PC Climate Adaptation for Coral Reefs 150,000
    CREO Family Office Syndicate
    156 Fifth Avenue Suite 804
    New York,NY10010     		  PC 2022-2024 Impact Growth Strategy 1,500,000
    CREO Family Office Syndicate
    156 Fifth Avenue Suite 804
    New York,NY10010     		  PC Oceans/Aquaculture Investor Network 127,746
    Dalhousie University
    PO Box 850
    New York,NY10116     		  PC Creative Disruption Labs 100,000
    Dalhousie University
    PO Box 850
    New York,NY10116     		  PC Shimrit Perkol-Finkel Memorial Scholarship 10,000
    Dalhousie University Foundation Inc
    PO Box 850
    New York,NY10116     		  PC Ocean School Capacity Building 150,000
    Department of Public Transformation
    726 Prentice Street
    Granite Falls,MN56241     		  PC Connect + Cultivate Initiatives 95,000
    Dishroulette Kitchen NFP
    4252 N Cicero Ave
    Chicago,IL60641     		  PC Microgrants & DRK Growth Program 100,000
    Economic Security Project Inc
    51 East 12th Street second floor
    New York,NY10003     		  PC to support a Guaranteed Income Artist Fellowship Program Design Phase 250,000
    Elevate Energy
    322 South Green Street Ste 300
    Chicago,IL60607     		  PC Justice40 Pre-Development Fund 500,000
    Enactus
    1959 E Kerr Street
    Springfield,MO658034775     		  PC 1 Race 4 Oceans Year 3 and 4 500,000
    Enrich Chicago
    208 S La Salle St
    Chicago,IL60609     		  PC General Operations Training and Programing 25,000
    Envest Inc
    7721 SE 58th Street
    Mercer Island,WA98040     		  POF Catalyst Sponsorship 100,000
    Environment Colorado Research and Policy Center Inc
    1543 Wazee St Ste 400
    Denver,CO80202     		  PC Annual General Support 10,000
    Environmental Defense Fund Incorporated
    257 Park Avenue South
    New York,NY10010     		  PC US Fisheries Data Modernization EM/ER Coalition (EDF/OC/TNC) 81,250
    Environmental Defense Fund Incorporated
    257 Park Avenue South
    New York,NY10010     		  PC Advancing climate-resilient fisheries and coastal communities 450,000
    Environmental Law and Policy Center of the Midwest
    35 East Wacker Drive Suite 1600
    Chicago,IL60601     		  PC Midwest Solar Initiative 350,000
    Experimental Station
    6100 S Blackstone Avenue
    Chicago,IL60637     		  PC LinkUp Illinois 2022 75,000
    Firebird Community Arts
    2651 W Lake St
    Chicago,IL60612     		  PC Mutual Care 120,000
    Floating Museum
    7208 S Merrill Ave
    Chicago,IL60649     		  PC Critical Distance 50,000
    Food for Climate League Inc
    2030 Maple Avenue
    Evanston,IL60201     		  PC Blue Foods Narrative Strategy Development 123,960
    ForeFront
    208 S LaSalle Suite 1540
    Chicago,IL60604     		  PC Austin Fresh 500,000
    Foundation for A Strong Maine Economy (Focus Maine)
    128 State Street
    Augusta,ME04330     		  PC Focus Maine Workforce 181,323
    Friends of Big Marsh
    11599 S Stony Island
    Chicago,IL60633     		  PC Big Hill 200,000
    Friends of the Chicago River
    411 S Wells St Suite 800
    Chicago,IL60607     		  PC Annual General Support 20,000
    GAP Community Center
    2100 N KILDARE AVE
    Chicago,IL60639     		  PC Chiquitos in the Kitchen 14,860
    Garfield Park Conservatory Alliance
    300 North Central Park Avenue
    Chicago,IL60624     		  PC Children's Play Garden 250,000
    Gary Comer Youth Center
    7200 S INGLESIDE AVE
    Chicago,IL60619     		  PC Pathways in Greater Grand Crossing 250,000
    Grantmakers in the Arts
    522 Courtlandt Avenue 1st Floor
    Bronx,NY10451     		  PC Creative Economy Mission Investing Institute 83,333
    Greater Chicago Food Depository
    4100 W ANN LURIE PLACE
    Chicago,IL60632     		  PC Benefits Outreach Center of Expertise 154,291
    GreenWave Organization Corp
    315 Front St
    New Haven,CT06513     		  PC Online Platform Regenerative Ocean Farming 200,000
    Grow Greater Englewood
    6620 S Union Ave
    Chicago,IL60621     		  PC Englewood Village Farms Support 137,850
    Growing Home Inc
    825 W 69th Street 2nd Floor
    Chicago,IL60621     		  PC Closing the Food Gap in Englewood 140,000
    Gulf of Maine Research Institute
    350 Commercial Street
    Portland,ME04101     		  PC Offshore Aquaculture Feasibility 100,000
    Heaven on Earth Society for Animals Inc
    7342 Fulton Avenue
    Los Angeles,CA91605     		  PC to support the Keeping Families Together project 150,000
    Hubbs Seaworld Research Institute
    2595 Ingraham Street
    San Diego,CA92109     		  PC Integrated Multi-Trophic Aquaculture 212,113
    IFF
    333 S Wabash Ave Ste 2800
    Chicago,IL60604     		  PC America's Cultural Treasures 250,000
    Illinois Stewardship Alliance
    230 Broadway Ste 200
    Springfield,IL62701     		  PC Development Needs 75,000
    Inner-City Muslim Action Network
    2744 W 63rd St
    Chicago,IL60629     		  PC Go Green on Racine: Fresh Market Co-op 50,000
    International Community Foundation
    2505 N Ave
    National City,CA91950     		  PC Annual General Support 50,000
    Island Institute
    PO Box 648
    Rockland,ME04841     		  PC Leadership Framework for Disruptive Times 94,050
    Lawndale Christian Health Center
    3860 West Ogden Ave
    Chicago,IL60623     		  PC Farm on Ogden's VeggieRx expansion 200,000
    Little Village Environmental Justice Organization
    2445 S Spaulding Ave
    Chicago,IL60623     		  PC Chicago Frontline Funding Initiative 675,000
    Maine Coast Fishermens Association
    93 Pleasant Street
    Brunswick,ME04011     		  PC Building Healthy and Resilient Fishing Communities 122,038
    Maine Community Foundation
    245 Main Street
    Ellsworth,ME04605     		  PC Coastal Climate Capacity 250,000
    Metropolitan Family Services
    One North Dearborn Suite 1000
    Chicago,IL60602     		  PC Holiday Gift Program 15,000
    Mission Investors Exchange
    105 West 86th Street 358
    New York,NY10024     		  PC Creative Economy Mission Investing Institute 83,334
    Montana Healthcare Foundation
    777 E Main St Ste 206
    Bozeman,MT59715     		  PC Native American-Led Food Efforts for COVID 300,000
    National Public Housing Museum
    625 N KINGSBURY ST
    Chicago,IL60654     		  PC Supporting General Operations 100,000
    NeighborSpace
    445 N Sacramento Blvd Suite 204
    Chicago,IL60612     		  PC Austin Fresh Austin Community Gardens Support 99,900
    NeighborSpace
    445 N Sacramento Blvd Suite 204
    Chicago,IL60612     		  PC General Operating Support 100,000
    New England Aquarium Corporation
    New England Aquarium Central Wharf
    Boston,MA02110     		  PC Blue Swell Accelerator with Sea Ahead 250,000
    Newberry Library
    60 W Walton St
    Chicago,IL60610     		  PC Expanding Technology 50,000
    Ocean Conservancy Inc
    1300 19th Street NW 8th Floor
    Washington,CT20036     		  PC Financing Innovation for Oceans Plastics 230,442
    Ocean Conservancy Inc
    1300 19th Street NW 8th Floor
    Washington,CT20036     		  PC US Fisheries Data Modernization EM/ER Coalition (EDF/OC/TNC) 73,832
    Ocean Discovery Institute
    4255 Thorn Street
    San Diego,CA92105     		  PC Young Lives Transformed Through Science 200,000
    Ocean Strategies Inc
    1122 E Pike St 761
    Seattle,WA98122     		  POF Advance Aquaculture Policy: National and WA 258,500
    Ocean Unite
    3517 West Place Northwest
    Washington,DC20007     		  PC Financial Tools for Climate Resilience 188,293
    Oceans Vision Inc
    311 Ferst Drive NE
    Atlanta,GA30318     		  PC Ocean Solutions Network 150,000
    Only One Inc
    888 7th Ave c/o Sessa Capital 30th
    FL 10106
    New York,NY10106     		  PC SeaLegacy and the Only One Platform 200,000
    Operation Warm Inc
    6 Dickinson Drive Suite 314
    Chadds Ford,PA19317     		  PC Holiday Gift Program 15,000
    Pacific Coast Shellfish Growers Association
    120 State Avenue Northeast
    Olympia,WA98501     		  NC Social License for Shellfish Aquaculture in WA and OR 200,000
    PCC Community Wellness Center
    14 Lake St
    Oak Park,IL60302     		  PC Austin Veggie Rx Program 145,000
    Pennsylvania State University
    201 Old Main
    University Park,PA16802     		  PC Seaweed Methane Research Gift 120,000
    Plant Chicago NFP
    4459 S Marshfield Ave
    Chicago,IL60609     		  PC Annual General Support 100,000
    Public Media Institute
    960 W 31st St
    Chicago,IL60608     		  PC MDW Alliance and Fair 50,000
    Public Media Institute
    960 W 31st St
    Chicago,IL60608     		  PC General Operating Support 100,000
    Puget Sound Restoration Fund
    8001 Northeast Day Road West Ste B
    Bainbridge Island,WA98110     		  PC Puget Sound Oyster, Seaweed and Kelp Projects 156,788
    Rare Inc
    1310 N Courthouse Road Suite 110
    Arlington,VA22201     		  PC Make It Personal Program Support 1,000,000
    Rare Inc
    1310 N Courthouse Road Suite 110
    Arlington,VA22201     		  PC Reef Conservation & Restoration 151,216
    Reader Institute for Community Journalism
    2930 South Michigan Avenue
    Chicago,IL60616     		  PC General Operations Support 100,000
    Resilient Cities Catalyst Inc
    315 Clinton Ave Apt 2 Brooklyn
    Brooklyn,NY11205     		  PC Resilient Cities Catalyst - Coastal Design 74,238
    Rockefeller Philanthropy Advisors
    30 Rockefeller Plaza Suite 5600
    New York,NY101120002     		  PC Creative Economy Mission Investing Institute 83,333
    Rockefeller Philanthropy Advisors
    30 Rockefeller Plaza Suite 5600
    New York,NY101120002     		  PC Upstart CoLab 100,000
    San Diego Unified Port District
    3165 Pacific Highway
    San Diego,CA92101     		  GOV Native Oyster Shoreline and Ocean Farming 430,669
    Seafood Nutrition Partnership
    1001 19th St N
    Arlington,VA22209     		  PC National Seafood Campaign 500,000
    SECORE International Inc
    4673 Northwest Parkway
    Hilliard,OH43026     		  PC Improving Coral Restoration Efficiency 349,994
    SECORE International Inc
    4673 Northwest Parkway
    Hilliard,OH43026     		  PC 2021-2023 Strategic Plan 80,000
    Sixty Inches from Center
    436 East 47th Street
    Chicago,IL60653     		  PC Supporting Sixty's Growth Plan 30,000
    Skyart Nfp
    3026 E 91st St
    Chicago,IL60617     		  PC SkyArt West - Humboldt Park Expansion 150,000
    Social Good Fund
    12651 San Pablo Ave 5473
    Richmond,CA94805     		  PC Design Trust Chicago Launch 75,000
    South East Chicago Commission
    1511 East 53rd Street
    Chicago,IL60615     		  PC Arts and Culture Capital Lab Infrastructure 82,000
    South Side Community Arts Center
    3831 S Michigan Ave
    Chicago,IL60653     		  PC Artist + Community Engagement Capacity Building 90,000
    Southern Maine Conservation Collaborative
    217 Commercial Street
    Portland,ME04101     		  PC Community Intertidal Data Portal 39,985
    Spay Arkansas Inc
    1909 West Huntsville Ave
    Springdale,AR72762     		  PC to support the spay and neuter efforts in Benton County 218,284
    Springboard for the Arts
    262 University Ave W
    St Paul,MN55103     		  PC Rural Regenerators Fellowship 375,000
    Stronger America Through Seafood Inc (SATS)
    1209 Orange Street
    Wilmington,DE19801     		  NC Aquaculture Media Strategy 103,680
    Sweetwater Foundation Inc
    5749 S Perry Ave
    Chicago,IL60621     		  PC Civic Arts Church Infrastructure Security 120,000
    Teamwork Englewood
    815 W 63rd St Ste 2
    Chicago,IL60621     		  PC E.G. Woode staffing 100,000
    Teton Science Schools
    700 Coyote Canyon Rd
    Jackson,WY83001     		  PC Place Network Expansion 215,000
    The Firehouse Community Arts Center
    2111 S Hamlin Avenue
    Chicago,IL60623     		  PC General Operating Support 100,000
    The Minneapolis Foundation
    80 South 8th Street
    Minneapolis,MN55402     		  PC Midwest Environmental Justice Network 500,000
    The National Museum of Puerto Rican Arts and Culture
    3015 West Division Street
    Chicago,IL60622     		  PC General Operating Support 60,000
    The Nature Conservancy
    4245 N Fairfax Drive Suite 100
    Arlington,VA22203     		  PC Market-Based Solutions for Kelp Recovery 500,000
    The Nature Conservancy
    4245 N Fairfax Drive Suite 100
    Arlington,VA22203     		  PC US Fisheries Data Modernization EM/ER Coalition (EDF/OC/TNC) 94,917
    The Nature Conservancy
    4245 N Fairfax Drive Suite 100
    Arlington,VA22203     		  PC Restorative Aquaculture Science 189,760
    The Nature Conservancy
    4245 N Fairfax Drive Suite 100
    Arlington,VA22203     		  PC Mangroves as a Coastal Resilience Tool 300,000
    The Nature Conservancy
    4245 N Fairfax Drive Suite 100
    Arlington,VA22203     		  PC Restorative Seaweed Aquaculture in Washington 202,970
    TMA BlueTech
    2877 Historic Decatur Road
    San Diego,CA92106     		  NC TMA Blue Tech Week Sponsorship 5,000
    Tree House Humane Society
    7225 N Western Ave
    Chicago,IL60645     		  PC to support the Chicago Humane Coalitions foundational development 50,000
    Tree House Humane Society
    7225 N Western Ave
    Chicago,IL60645     		  PC to support Tree House Humane Society's general operations between 2022 and 2024 in accordance with the strategic plan 100,000
    UC San Diego Foundation
    9500 Gilman Drive MC 0940
    La Jolla,CA92093     		  PC startBlue Accelerator 50,000
    United Nations Foundation Inc
    1750 Pennsylvania Ave NW
    Washington,DC20006     		  PC Oceans and Climate Work 25,000
    United States Artists Inc
    200 W Madison Street Floor 3
    Chicago,IL60606     		  PC 2022 Fellowship 260,000
    University of California at Santa Barbara
    3227 Cheadle Hall
    Santa Barbara,CA931062050     		  PC Financial Tools for Resilient Fisheries 232,695
    University of Maine Foundation
    2 Alumni Place
    Orono,ME04573     		  PC Climate Hub Coordination 100,000
    University of Southern Mississippi Research Foundation
    118 College Dr 8959
    Hattiesburg,MS39406     		  PC Gulf Blue Accelerator 150,000
    University of Washington
    4333 Brooklyn Avenue Northeast
    Seattle,WA98105     		  PC Restorative Aquaculture in Washington and the Pacific 200,000
    Urban Ecology Center Inc
    1500 E Park Place
    Milwaukee,WI53211     		  PC Annual General Support 50,000
    Urban Ecology Center Inc
    1500 E Park Place
    Milwaukee,WI53211     		  PC Chrysalis Campaign Support 200,000
    Urban Growers Collective Inc
    1200 W 35th St Box 118
    Chicago,IL60609     		  PC General Operating Support 250,000
    Urban Growers Collective Inc
    1200 W 35th St Box 118
    Chicago,IL60609     		  PC Fresh Moves & Access 250,000
    Urban Juncture Foundation
    300 E 51st St
    Chicago,IL60615     		  PC Creative Incubator at The Forum 150,000
    Washington Maritime Blue
    3303 Monte Villa Parkway Ste 340
    Bothell,WA98021     		  PC Youth Maritime Collaborative 200,000
    Westside Health Authority
    5053 W Chicago Ave
    Chicago,IL60651     		  PC Austin Grocery Initiative 500,000
    WILDCOAST
    925 Seacoast Drive
    Imperial Beach,CA91932     		  PC San Diego County Blue Carbon Innovation Program 125,500
    World Wildlife Fund Inc
    1250 24th St NW
    Washington,DC20037     		  PC Seaweed and Molluscs Aquaculture 268,583
    Wormfarm Institute Incorporated
    28 East Main St
    Reedsburg,WI53959     		  PC Test Plots Development + Farm/Art Dtour 110,000
    Young Womens Christian Association of Metropolitan Chicago
    1 N LaSalle Ste 1150 Suite 1150
    Chicago,IL60602     		  PC YWomen Grow Urban Farm Support 75,000
    Total .................................bullet 3a 28,391,344
    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 ...........     		         
    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 16,459,098  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOther Pass Through Income/Loss     		523600 129,867 18 52,250  
    bRecoveries of Prior Year Grants         2,203
    cNorthern Trust - Other Income/(Loss)     18 -137,150  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 129,867 39,599,627 2,203
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    39,731,697
    (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.)
    11b AMOUNT REPRESENTS REFUNDS OF UNUSED GRANT FUNDS TREATED AS QUALIFYING DISTRIBUTIONS IN PRIOR YEARS.
    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)
    Yes
     
    (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
    1a(1) 200,000 PACIFIC COAST SHELLFISH GROWERS ASSOCIATION SOCIAL LICENSE FOR SHELLFISH AQUACULTURE IN WA AND OR
    1a(1) 103,680 STRONGER AMERICA THROUGH SEAFOOD INC AQUACULTURE MEDIA STRATEGY
    1a(1) 5,000 TMA BLUETECH TMA BLUE TECH WEEK SPONSORSHIP
    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: 21014044
    Software Version: 2021v4.2


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    Builders Initiative Foundation
     
    Employer identification number

    82-1503941
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    Builders Initiative Foundation
          		Employer identification number
    82-1503941
    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
    LUKAS T WALTON
     
    PO BOX 1860
     
    BENTONVILLE, AR72712

    		$ 47,030,100


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    Builders Initiative Foundation
          		Employer identification number

    82-1503941
    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
    1
    		 325,000 SHARES OF PUBLICLY TRADED SECURITIES $ 47,030,100 2021-12-16
    (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)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    Builders Initiative Foundation
          		Employer identification number

    82-1503941
    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 $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID: 21014044
    Software Version: 2021v4.2

    TY 2021 AccountingFeesSchedule
    Name:
    Builders Initiative Foundation
    EIN:
    82-1503941
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 38,074     38,074

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    Builders Initiative Foundation
    EIN:
    82-1503941
    Software ID:
    21014044
    Software Version:
    2021v4.2
    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 Date of Verification Results of Verification
    ENVEST INC
          		7721 SE 58TH STREET
    MERCER ISLAND,PA980404804     		2020-08-21 100,000 CATALYST LEVEL SPONSORSHIP FOR ENVEST - AN INVESTOR MEMBERSHIP ORGANIZATION CONNECTING TOP ENVIRONMENTAL INVESTORS 100,000 NONE 01/29/21, 02/28/22 2022-02-28 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT; THEREFORE, NO FURTHER VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
    BISSELL Pet Foundation
          		2345 Walker Ave NW
    Grand Rapids,MI49544     		2021-06-04 75,000 to support the Helena/West Helena Spay/Neuter Clinics 31,384 NONE 04/13/21 2021-04-13 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT; THEREFORE, NO FURTHER VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
    Changing Tastes
          		1916 Delancey Place
    Philadelphia,PA19103     		2021-06-11 642,000 More if by Sea Research and Activation Coalition 523,403 NONE 02/21/22 2022-02-21 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT; THEREFORE, NO FURTHER VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
    Envest Inc
          		7721 SE 58th Street
    Mercer Island,WA98040     		2021-09-01 100,000 Catalyst Sponsorship 100,000 NONE 02/28/22 2022-02-28 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT; THEREFORE, NO FURTHER VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
    Ocean Strategies Inc
          		1122 E Pike St 761
    Seattle,WA98122     		2021-10-18 258,500 Advance Aquaculture Policy: National and WA 66,300 NONE 03/16/22 2022-03-16 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT; THEREFORE, NO FURTHER VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
    Pacific Coast Shellfish Growers Association
          		120 State Avenue Northeast
    Olympia,WA98501     		2021-12-10 200,000 Social License for Shellfish Aquaculture in WA and OR 0 NONE 04/01/22 2022-04-01 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT; THEREFORE, NO FURTHER VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
    Stronger America Through Seafood Inc
          		1209 Orange Street
    Wilmington,DE19801     		2021-02-05 103,680 Aquaculture Media Strategy 103,680 NONE 03/15/22 2022-03-15 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT; THEREFORE, NO FURTHER VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
    TMA BlueTech
          		2877 Historic Decatur Road
    San Diego,CA92106     		2021-10-15 5,000 TMA Blue Tech Week Sponsorship 5,000 NONE 03/01/22 2022-03-01 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT; THEREFORE, NO FURTHER VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
    Paskho Inc
          		222 Simons Road Ancram
    Ancram,NY12502     		2021-02-03 750,000 A program related investment (PRI) of a convertible promissory note in Paskho Inc. is being made to foster economic empowerment and job creation for skilled craftspeople in the United States whose industries have been decimated by the automation and overseas transfer of manufacturing and production. 750,000 NONE 08/09/22 2022-08-09 THE BORROWER HAS PROVIDED THE FOUNDATION WITH A REPORT STATING THAT IT HAS COMPLIED WITH THE TERMS OF THE FOUNDATION'S LOAN THROUGH ITS MOST RECENT YEAR-ENDING DECEMBER 31, 2021. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE ABOVE REPORTS; THEREFORE, FURTHER VERIFICATION BY THE FOUNDATION WAS DEEMED UNNECESSARY.
    Reharvest Partners II
          		6410 Ruffin Road
    Chevy Chase,MD20815     		2021-12-17 1,000,000 A program related investment (PRI) of a promissory note in Reharvest Partners II is being made to provide working capital funds to pay farmers for environmental outcomes (CO2e reduced and sequestered and reduced nitrogen and phosphorus runoff) associated with the implementation of new conservation practices. 50,514 NONE 10/31/22 2022-10-31 THE BORROWER HAS PROVIDED THE FOUNDATION WITH A REPORT STATING THAT IT HAS COMPLIED WITH THE TERMS OF THE FOUNDATION'S LOAN THROUGH ITS MOST RECENT YEAR-ENDING DECEMBER 31, 2021. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE ABOVE REPORTS; THEREFORE, FURTHER VERIFICATION BY THE FOUNDATION WAS DEEMED UNNECESSARY.

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    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    Builders Initiative Foundation
    EIN:
    82-1503941
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    325,000 SHARES OF PUBLICLY TRADED SECURITIES   D     45,800,569 47,030,100     -1,229,531  
    NORTHERN TRUST CASH ACCOUNT - VARIOUS STOCKS   P     45,044,851 45,845,069     -800,218  
    NORTHERN TRUST CASH ACCOUNT - CAPITAL GAIN DISTRIBUTIONS   P     90,608 0     90,608  
    NORTHERN TRUST CASH ACCOUNT - VARIOUS STOCKS   P     181,955,216 181,661,714     293,502  
    NORTHERN TRUST WORLD EX - VARIOUS STOCKS   P     25,783,013 22,683,334     3,099,679  
    NORTHERN TRUST WORLD EX - CAPITAL GAIN DISTRIBUTIONS   P     72,021 0     72,021  
    NORTHERN TRUST WORLD EX - VARIOUS STOCKS   P     28,395,794 26,782,075     1,613,719  
    NORTHERN TRUST R1000 - VARIOUS STOCKS   P     38,891,011 32,630,465     6,260,546  
    NORTHERN TRUST R1000 - CAPITAL GAIN DISTRIBUTIONS   P     60,682 0     60,682  
    NORTHERN TRUST R1000 - VARIOUS STOCKS   P     22,092,164 16,354,605     5,737,559  
    NORTHERN TRUST TIAA BONDS - VARIOUS STOCKS   P     85,880,467 85,936,397     -55,930  
    NORTHERN TRUST TIAA BONDS - CAPITAL GAIN DISTRIBUTIONS   P     68 0     68  
    PASS-THROUGH GAIN/LOSS   P     1,316,393 0     1,316,393  

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Builders Initiative Foundation
    EIN:
    82-1503941
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Publicly Traded Securities 4,100 3,258
    Carbon Counts Tech PBC - Preferred Stock 750,000 750,000

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Builders Initiative Foundation
    EIN:
    82-1503941
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    NT - Investment Account AT COST 260,830,445 289,169,978
    NT - R1000 Account AT COST 201,746,483 318,051,675
    NT - EAFE Account AT COST 0 0
    NT - World Ex Account AT COST 333,129,372 406,314,073
    NT - TIAA Bonds Account AT COST 232,367,950 232,672,693
    Closed Loop Ventures LP AT COST 784,401 2,006,695

    TY 2021 LegalFeesSchedule
    Name:
    Builders Initiative Foundation
    EIN:
    82-1503941
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 87,681     87,681


    TY 2021 OtherExpensesSchedule
    Name:
    Builders Initiative Foundation
    EIN:
    82-1503941
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Miscellaneous 24,100     24,100
    Pass-through - Other Deductions 2,239,060 2,238,992    
    Pass-through - Nondeductible Expenses 12      


    TY 2021 OtherIncomeSchedule2
    Name:
    Builders Initiative Foundation
    EIN:
    82-1503941
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Recoveries of Prior Year Grants 2,203    
    Pass-through - Other income/(loss) 182,117 54,453  
    Northern Trust - Other Income/(Loss) -137,150 -137,150  


    TY 2021 OtherLiabilitiesSchedule
    Name:
    Builders Initiative Foundation
    EIN:
    82-1503941
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Beginning of Year - Book Value End of Year - Book Value
    Book/Tax Differences 163,898 0


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    TY 2021 OtherNotesLoansRcvblLongSch
    Name:
    Builders Initiative Foundation
    EIN:
    82-1503941
    Software ID:
    21014044
    Software Version:
    2021v4.2

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    Coral Vita Inc - Convertible Promissory Note None 1,000,000 1,000,000 2020-08 2022-08 Following the second anniversary of the initial closing 600 % None To protect, sustain, and preserve the natural environment by supporting coral reef restoration. Cash 1,000,000
    Reharvest Partners II LLC None 1,000,000 1,000,000 2021-12 2026-12 PRINCIPAL AND INTEREST DUE AND PAYABLE AT MATURITY 100 % None TO FOSTER ENVIRONMENTAL CONSERVATION AND PROTECTION AND RURAL ECONOMIC DEVELOPMENT. Cash 1,000,000
    Pashko None 750,000 750,000 2021-02 2024-02 Following the third anniversary of the initial closing 200 % None TO FOSTER ECONOMIC EMPOWERMENT AND JOB CREATION FOR SKILLED CRAFTSPEOPLE IN THE UNITED STATES . Cash 750,000

    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Builders Initiative Foundation
    EIN:
    82-1503941
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrator & Management Fees 1,166,026     1,166,026
    Investment Management Fees 7,473,639 7,473,639    
    Consulting Fees 133,594     133,594
    Professional Services 2,000     2,000


    TY 2021 TaxesSchedule
    Name:
    Builders Initiative Foundation
    EIN:
    82-1503941
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Tax 5,350,000      
    Northern Trust - Foreign Taxes 1,959,023 1,959,023