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
The Asha and Sajjan Agarwal Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)1330 Sunday Drive 105
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Raleigh, NC27607
A Employer identification number

42-1747195
B Telephone number (see instructions)

(919) 861-2919
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$52,064,258J 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) 17,374,300
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,071 2,071  
4 Dividends and interest from securities... 416,582 416,582  
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 1,859,538
b Gross sales price for all assets on line 6a 2,783,845
7 Capital gain net income (from Part IV, line 2)... 1,793,805
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 136,423 169,069  
12 Total. Add lines 1 through 11........ 19,788,914 2,381,527  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 38,272 0   38,272
15 Pension plans, employee benefits....... 3,693 0   3,693
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,810 1,905   2,905
c Other professional fees (attach schedule).... Click to see attachment 5,300 4,960   340
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 39,616 9,616   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 248,723 241,400   3,998
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 341,414 257,881   49,208
25 Contributions, gifts, grants paid....... 1,300,500 1,300,500
26 Total expenses and disbursements. Add lines 24 and 25 1,641,914 257,881   1,349,708
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 18,147,000
b Net investment income (if negative, enter -0-) 2,123,646
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,586,006 5,879,623 5,879,623
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 15,881,681 Click to see attachment25,653,300 25,653,300
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 11,030,874 Click to see attachment20,531,335 20,531,335
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 28,498,561 52,064,258 52,064,258
Liabilities 17 Accounts payable and accrued expenses..........   765
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 765
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 28,498,561 52,063,493
29 Total net assets or fund balances (see instructions)..... 28,498,561 52,063,493
30 Total liabilities and net assets/fund balances (see instructions). 28,498,561 52,064,258
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
28,498,561
2
Enter amount from Part I, line 27a .....................
2
18,147,000
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
5,417,932
4
Add lines 1, 2, and 3 ..........................
4
52,063,493
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
52,063,493
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly traded securities      
b Capital gain distribution      
c Passthrough K-1 capital gain      
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,455,108   924,307 530,801
b 717,614     717,614
c 545,390     545,390
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       530,801
b       717,614
c       545,390
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,793,805
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 29,519
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 29,519
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 69,775
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 74,775
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 45,256
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet45,256 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletLinwood A Jackson Telephone no.bullet (919) 861-2919

    Located atbullet1330 Sunday Drive 105RaleighNC ZIP+4bullet276075196
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Asha Rani Agarwal President/Director
    1.00     		0 0 0
    1330 Sunday Drive 105
    Raleigh,NC27607
    Ankit Agarwal VP/Director
    1.00     		0 0 0
    1330 Sunday Drive 105
    Raleigh,NC27607
    Rohit Agarwal VP/Director
    1.00     		0 0 0
    1330 Sunday Drive 105
    Raleigh,NC27607
    Linwood A Jackson Secretary/Treasurer/Dir
    1.00     		0 0 0
    1330 Sunday Drive 105
    Raleigh,NC27607
    Richa Deedwania VP/Director
    1.00     		0 0 0
    1330 Sunday Drive 105
    Raleigh,NC27607
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 During 2021, the Foundation started a new Direct Charitable Activity referred to as the Agarwal Scholars Program (the "Program"). The Program provides support to "At Risk Students" (grades 6-12), to ensure all students are provided the opportunity to a quality education, preparing them for post-secondary education and careers. For each student in the Program, an Educational Professional will assess the needs, direct resources and become the advocate of the student with recurring interaction, support and mentoring throughout the entire grant period. The Foundation hired an Education Professional with specific expertise in serving the target group, developed a student care model, set-up monitoring controls, developed an independent selection process and obtained preapproval from the IRS. During 2021, the Foundation incurred costs in setting up and establishing the Program but did not start the selection process or implement the Program until late February 2022. 43,803
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    24,171,457
    b
    Average of monthly cash balances.......................
    1b
    3,372,635
    c
    Fair market value of all other assets (see instructions)................
    1c
    19,671,779
    d
    Total (add lines 1a, b, and c).........................
    1d
    47,215,871
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    47,215,871
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    708,238
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    46,507,633
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,325,382
    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
    2,325,382
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    29,519
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    3,890
    c
    Add lines 2a and 2b............................
    2c
    33,409
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,291,973
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,291,973
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    2,291,973
    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 2,291,973
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 1,266,139
    b Total for prior years:20, 20, 20 0
    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 ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,349,708
    a Applied to 2020, but not more than line 2a 1,266,139
    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..... 83,569
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		2,208,404
    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....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    Asha Rani Agarwal
    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
    Contemporary Art Museum
    409 West Martin Street
    Raleigh,NC27603     		N/A PC CAM-To-Go 5,000
    Global Network Foundation
    715 Peachtree Street NE Suite 200
    Atlanta,GA30308     		N/A PC India COVID Relief Funds 5,000
    Global Network Foundation
    715 Peachtree Street NE Suite 200
    Atlanta,GA30308     		N/A PC Education SEALA 8 Scholarship Fund 25,000
    Hindu American Foundation
    910 17th Street NW Suite 316A
    Washington,DC20006     		N/A PC Educational and advocacy organization 25,500
    Hindu American Foundation
    910 17th Street NW Suite 316A
    Washington,DC20006     		N/A PC Educational and advocacy organization 75,000
    Hindu Society of NC
    309 Aviation Parkway
    Morrisville,NC27560     		N/A PC Meet religious, cultural, linguistic and spiritual needs, promote India's rich heritage 10,000
    Hindu Society of NC
    309 Aviation Parkway
    Morrisville,NC27560     		N/A PC Spiritual Education Fund 5,000
    Hindu Society of NC
    309 Aviation Parkway
    Morrisville,NC27560     		N/A PC Meet religious, cultural, linguistic and spiritual needs, promote India's rich heritage 50,000
    Hindu Society of NC
    309 Aviation Parkway
    Morrisville,NC27560     		N/A PC Meet religious, cultural, linguistic and spiritual needs, promote India's rich heritage 25,000
    Hindu University of America
    5200 Vineland Rd 125
    Orlando,FL32811     		N/A PC Sustenance Funds for the rejuvenation and revitalization of the University 400,000
    Pratham USA
    9703 Richmond Ave Suite 102
    Houston,TX77042     		N/A PC Education in India 100,000
    Schwab Charitable Fund
    211 Main St
    San Francisco,CA94105     		N/A PC General support 525,000
    YMCA of the Triangle
    801 Corporate Center Dr Suite 200
    Raleigh,NC27607     		N/A PC Supplement learning for students who struggle to reach school-system benchmarks 50,000
    Total .................................bullet 3a 1,300,500
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 2,071  
    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 ............     		523000 65,733 18 1,793,805  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPassthrough K-1 income     		523000 -40,315 14 176,738  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 25,418 2,389,196 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,414,614
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    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
    The Asha and Sajjan Agarwal Foundation
     
    Employer identification number

    42-1747195
    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
    The Asha and Sajjan Agarwal Foundation
          		Employer identification number
    42-1747195
    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
    Agarwal Charitable Lead Annuity Trust
     
    1330 Sunday Drive Suite 105
     
    Raleigh, NC27607

    		$ 1,174,300


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Agarwal Family Holdings LLC
     
    1330 Sunday Drive Suite 105
     
    Raleigh, NC27607

    		$ 15,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    Sajjan & Asha Agarwal
     
    2516 Chelmsford Court
     
    Cary, NC27518

    		$ 1,200,000


    (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
    The Asha and Sajjan Agarwal Foundation
          		Employer identification number

    42-1747195
    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)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    The Asha and Sajjan Agarwal Foundation
          		Employer identification number

    42-1747195
    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:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    The Asha and Sajjan Agarwal Foundation
    EIN:
    42-1747195
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax compliance 5,810 1,905   2,905

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

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    The Asha and Sajjan Agarwal Foundation
    EIN:
    42-1747195
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Harbourvest Ptrs Co-Inv Fd IV LP   Purchased     36,428   Cost 0 36,428  
    OrbiMed Royalty & Credit Opportunities III LP   Purchased     12   Cost 0 12  
    OrbiMed Royalty & Credit Opportunities III LP   Purchased     19,861   Cost 0 19,861  
    Harbourvest Ptrs Co-Investment Fd IV AIV LP   Purchased     9,432   Cost 0 9,432  

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Asha and Sajjan Agarwal Foundation
    EIN:
    42-1747195
    Name of Stock End of Year Book Value End of Year Fair Market Value
    4100 shs Alibaba Group Holding Ltd Spons ADR 487,039 487,039
    .1 shs Apollo Coml Real Est REIT 6 6
    228 shs Aptargroup Inc 27,892 27,892
    648 shs Azek Co Inc Class 29,964 29,964
    .10 shs Bank Of Hawaii Corp 8 8
    5400 shs Berkshire Hathaway Class 1,614,600 1,614,600
    18278 shs BNY Mellon Global Emerging Markets 448,179 448,179
    459 shs Bumble Inc Class 15,542 15,542
    432 shs Casella Waste Systems Inc 36,901 36,901
    708 shs Chemours Co 23,760 23,760
    18872 shs Conestoga Small Cap Growth Fund 1,640,046 1,640,046
    554 shs Cryoport Inc 32,780 32,780
    18544 shs Delaware Emerging Mkts Fund CL I 452,120 452,120
    517 shs Digitalocean Holdings Inc 41,531 41,531
    4825 shs Dodge & Cox Intl Stock Fund 228,179 228,179
    182 shs Euronet Worldwide Inc 21,689 21,689
    238 shs Evercore Inc CL A 32,266 32,266
    187 shs Five9 Inc 25,679 25,679
    1700 shs General Elec Co 160,622 160,622
    584 shs Gentex Corp 20,364 20,364
    408 shs Globus Medical Inc 29,458 29,458
    34338 shs Goldman Sachs Emerging Markets Equity 1,001,632 1,001,632
    263 shs Goosehead Insurance Inc 34,211 34,211
    721 shs Halozyme Therapeutic 28,991 28,991
    22234 shs Harding Loevner Intl Eqty Port Inst 668,589 668,589
    532 shs Healthequity Inc 23,536 23,536
    885 shs Helmerich & Payne 20,984 20,984
    252 shs Herc Holdings Inc 39,527 39,527
    399 shs Hexcel Corp 20,668 20,668
    133 shs Idacorp Inc 15,066 15,066
    98 shs Inspire Medical Systems Inc 22,546 22,546
    10199 shs Invesco Developing Markets Fund 479,356 479,356
    1350 shs iShares Core S&P 500 ETF 643,937 643,937
    4178 shs iShares Core S&P Mid Cap ETF 800,439 800,439
    8354 shs iShares MSCI Emerging Markets ETF 408,136 408,136
    5375 shs iShares S&P 500 Value ETF 841,886 841,886
    41486 shs Johcm International Select Inst 398,032 398,032
    28249 shs John Hancock Disciplined Value Mid Cap 781,936 781,936
    115 shs Jones Lang Lasalle Inc 30,974 30,974
    11000 shs Kraneshares CSI China Internet ETF 401,390 401,390
    76 shs Lennox Interntnl 24,792 24,792
    421 shs Lightspeed Commerce Inc 17,021 17,021
    104 shs Littelfuse Inc 32,594 32,594
    1162 shs Livent Corp 28,330 28,330
    0.1 shs Louisiana Pac Corp 14 14
    239 shs Marriot Vacations Worldwide Corp 40,309 40,309
    325 shs Natera Inc 00500 30,352 30,352
    999 shs Neogenomics Inc 34,086 34,086
    10866 shs New Germany CF 160,918 160,918
    651 shs New York Times Co 31,445 31,445
    39376 shs Nuance Mid Cap Value Institutional 546,151 546,151
    4467 shs Oakmark Intl FD Inst 125,245 125,245
    1626 shs Oatly Group Ab 12,943 12,943
    464 shs Olin Corp 26,689 26,689
    1248 shs Outfront Media Inc REIT 33,471 33,471
    985 shs Paycor HCM Inc 28,378 28,378
    40911 shs Pear Tree Polaris Foreign Value Small Cap 686,899 686,899
    1038 shs Petco Health & Wellness 20,542 20,542
    156 shs Primerica Inc 23,983 23,983
    329 shs Rexford Industrial Realty Inc 26,674 26,674
    108 shs Saia Inc 36,399 36,399
    760 shs Seacoast BK Corp Fla 26,896 26,896
    4305 shs Select Sector Health Care SPDR ETF 606,595 606,595
    256 shs Siteone Landscape Supply Inc 62,024 62,024
    267 shs Sitime Corp 78,108 78,108
    1128 shs Sotera Health Co 26,564 26,564
    .1 shs Stepan Co 54 54
    37972 shs TCG BDC Inc 521,357 521,357
    5163 shs T Rowe Price Blue Chip Growth Fund 920,216 920,216
    9008 shs T Rowe Price Intl Discovery Fund 759,048 759,048
    3711 shs T Rowe Price Mid Cap Growth Fund 435,676 435,676
    31193 shs T Rowe Price Value Fund 1,491,011 1,491,011
    2071 shs Technipfmc LTD 12,260 12,260
    354 shs Timken Co 24,549 24,549
    56484 shs Touchstone Sands Capital Select Growth 1,081,104 1,081,104
    516 shs Ttec Holdings Inc 46,757 46,757
    42614 shs Tweedy Browne Intl Value Fund II 725,307 725,307
    1319 shs Under Armour Inc Class 27,950 27,950
    .1 shs Unifirst Corp Mass 15 15
    118 shs United Therapeutics 25,497 25,497
    932 shs Univar Solutions Inc 26,422 26,422
    24967 shs Vaneck Vectors Morningstar Wide Moat 1,900,251 1,900,251
    4912 shs Vanguard Financials ETF 474,323 474,323
    226 shs Visteon Corp 25,118 25,118
    91 shs WD-40 Co 22,262 22,262
    8984 shs Wells Fargo Bank N A 431,037 431,037
    350 shs Wintrust Finl 31,787 31,787
    644 shs Zurn WTR Solutions Corp 23,442 23,442
    AvantStay, Inc. 1,149,976 1,149,976
    Briq Technologies Inc-Series B 199,998 199,998
    DailyPay, Inc. 500,000 500,000

    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Asha and Sajjan Agarwal Foundation
    EIN:
    42-1747195
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Afore Capital II, LP FMV 360,890 360,890
    Ares Energy Infrastructure Fund V FMV 262,745 262,745
    Argosy Credit Partners, L.P. FMV 262,745 262,745
    Argosy Real Estate Part III, LLC FMV 2,040,492 2,040,492
    Base10 Wonolo Coinvest I, LLC FMV 500,000 500,000
    BREP Asia II FMV 424,049 424,049
    Carlyle Structured Credit Fund LP FMV 283,654 283,654
    Edison Partners IX, LP FMV 1,595,924 1,595,924
    Eniac Special Kappa LLC (XWing) FMV 250,000 250,000
    Eniac Ventures V, L.P. FMV 92,879 92,879
    HarbourVest Partners Co-Inv Fund IV AIV LP FMV 129,354 129,354
    HarbourVest Partners Co-Inv Fund IV FMV 908,120 908,120
    Kayne Anderson Real Estate Debt II FMV 280,490 280,490
    New 2nd Capital, LLC FMV 284,708 284,708
    New Mountain Partners VI Access Offshore FMV 105,850 105,850
    OrbiMed Asia Partners III FMV 874,708 874,708
    OrbiMed Royalty & Credit Opportunities III LP FMV 161,975 161,975
    Percheron Capital Fund I-A LP FMV 930,384 930,384
    Private Equity Co-Investment Partners II FMV 783,370 783,370
    Private Equity Managers (2017) LP FMV 919,042 919,042
    Rel Space -Series D (Tribe IV, Series 6) FMV 1,502,611 1,502,611
    REMUS Cap Ser Co-Inv LP (Cogito) FMV 500,000 500,000
    Rescale - Republic Master Fund FMV 1,500,000 1,500,000
    Saturn Aggregator Holdings LLC FMV 1,000,000 1,000,000
    Strategic Partners Offshore VIII LP FMV 368,612 368,612
    Team8 Capital I, LP FMV 1,178,512 1,178,512
    TH Fund I (ThreeFlow), Equal Ventures FMV 750,000 750,000
    Tribe Capital Fund II, LP FMV 1,191,734 1,191,734
    Vintage VII Offshore FMV 478,224 478,224
    West Street Capital Partners VII LP FMV 610,263 610,263

    TY 2021 OtherExpensesSchedule
    Name:
    The Asha and Sajjan Agarwal Foundation
    EIN:
    42-1747195
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank charges 881 881   0
    Passthrough K-1 expense 243,844 240,519   0
    Telephone expense 126 0   126
    Computer supplies 1,372 0   1,372
    Form 8940 user fee 2,500 0   2,500


    TY 2021 OtherIncomeSchedule2
    Name:
    The Asha and Sajjan Agarwal Foundation
    EIN:
    42-1747195
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Passthrough K-1 income 136,423 169,069 136,423


    TY 2021 OtherIncreasesSchedule
    Name:
    The Asha and Sajjan Agarwal Foundation
    EIN:
    42-1747195
    Description Amount
    Unrealized appreciation in value of investments 5,417,932


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Asha and Sajjan Agarwal Foundation
    EIN:
    42-1747195
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment management fees 4,960 4,960   0
    Payroll processing fees 340 0   340


    TY 2021 TaxesSchedule
    Name:
    The Asha and Sajjan Agarwal Foundation
    EIN:
    42-1747195
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF tax 30,000 0   0
    Foreign tax 9,616 9,616   0