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 TAFT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)530 FIFTH AVENUE 9TH FL SUITE 805
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10036
A Employer identification number

20-1232852
B Telephone number (see instructions)

(347) 871-4131
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$236,855,985
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,011 1,011  
4 Dividends and interest from securities... 5,862,045 5,895,868  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 14,203,808
b Gross sales price for all assets on line 6a 79,308,064
7 Capital gain net income (from Part IV, line 2)... 14,227,740
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)....... 11,980 85,892  
12 Total. Add lines 1 through 11........ 20,078,844 20,210,511  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 327,429 0   327,429
14 Other employee salaries and wages...... 250,849 0   250,849
15 Pension plans, employee benefits....... 82,149 0   82,149
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... 757,656 721,304   37,348
17 Interest...............   22    
18 Taxes (attach schedule) (see instructions)... 6,339 8,433   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 144,900 0   144,900
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 55,404 5,507   52,595
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,624,726 735,266   895,270
25 Contributions, gifts, grants paid....... 10,643,870 10,643,870
26 Total expenses and disbursements. Add lines 24 and 25 12,268,596 735,266   11,539,140
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,810,248
b Net investment income (if negative, enter -0-) 19,475,245
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............. 1,581,126 1,873,942 1,873,942
2 Savings and temporary cash investments......... 6,206,676 4,470,477 4,470,477
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)....... 40,523,121 Click to see attachment45,029,623 72,122,948
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).......... 123,607,286 Click to see attachment128,354,415 158,388,618
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) 171,918,209 179,728,457 236,855,985
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 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........... 171,918,209 179,728,457
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 171,918,209 179,728,457
30 Total liabilities and net assets/fund balances (see instructions). 171,918,209 179,728,457
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
171,918,209
2
Enter amount from Part I, line 27a .....................
2
7,810,248
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
179,728,457
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
179,728,457
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b THRU OCA CMTG, LLC K-1 P    
c THRU OCA AKO EUROPEAN LONG-ONLY LLC K-1 P    
d THRU OCA ESGS LLC K-1 P    
e THRU JANUS HENDERSON EUROPEAN BEST IDEAS FUND LLC K-1 P    
THRU ENTERPRISE PRODUCTS PARTNERS LP K-1 P    
CAPITAL GAINS DIVIDENDS 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 78,346,443   65,104,256 13,242,187
b       538
c       8,740
d       9,190
e       6,964
      -1,500
961,621     961,621
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       13,242,187
b       538
c       8,740
d       9,190
e       6,964
      -1,500
      961,621
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 14,227,740
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........................... 3 270,706
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- ..... 5 270,706
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 271,224
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 271,224
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 10 518
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet518 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
     
    No
    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)
    bulletFL, DE, NY
    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 addressbulletTHETAFTFOUNDATION.ORG
    14
    The books are in care ofbulletOWEN J FLANAGAN & CO Telephone no.bullet (212) 682-2783

    Located atbullet60 EAST 42ND STREETNEW YORKNY ZIP+4bullet10165
    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)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)
     
    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
    HOWARD ROTHMAN PRESIDENT, BOARD CHAIR, DIR.
    15.00
    87,500 2,625 0
    530 FIFTH AVENUE 9TH FLOOR SUITE
    805
    NEW YORK,NY10036
    PHOEBE BOYER VICE PRESIDENT, SECRETARY, DIR.
    1.00
    0 0 0
    530 FIFTH AVENUE 9TH FLOOR SUITE
    805
    NEW YORK,NY10036
    JOAN ROTHMAN DIRECTOR
    4.00
    0 0 0
    530 FIFTH AVENUE 9TH FLOOR SUITE
    805
    NEW YORK,NY10036
    WILLIAM RUPP VICE PRESIDENT, TREASURER, DIR.
    1.00
    0 0 0
    530 FIFTH AVENUE 9TH FLOOR SUITE
    805
    NEW YORK,NY10036
    NINA BERSHADKER EXECUTIVE DIRECTOR
    40.00
    239,929 11,996 0
    530 FIFTH AVENUE 9TH FLOOR SUITE
    805
    NEW YORK,NY10036
    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
    DEENA SCHAFFER PROGRAM OFFICER
    40.00
    105,181 5,259 0
    530 FIFTH AVE 9TH FLOOR SUITE 805
    NEW YORK,NY10036
    ERIN GONZALEZ PROGRAM OFFICER
    40.00
    85,413 4,271 0
    530 FIFTH AVE 9TH FLOOR SUITE 805
    NEW YORK,NY10036
    ZINA THOMPKINS PROGRAM ASSOCIATE
    40.00
    60,255 3,013 0
    530 FIFTH AVE 9TH FLOOR SUITE 805
    NEW YORK,NY10036
    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
    JPMORGAN CHASE BANK INVESTMENT MANAGEMENT 499,273
    270 PARK AVENUE
    NEW YORK,NY10017
    OFFIT CAPITAL ADVISORS LLC INVESTMENT MANAGEMENT 119,241
    485 LEXINGTON AVENUE 24TH FLOOR
    NEW YORK,NY10017
    MCKINNON WRIGHT WEALTH MANAGEMENT INVESTMENT MANAGEMENT 98,469
    500 W CYPRESS CREEK ROAD SUITE 680
    FORT LAUDERDALE,FL33309
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    222,085,552
    b
    Average of monthly cash balances.......................
    1b
    6,369,695
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    228,455,247
    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
    228,455,247
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    3,426,829
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    225,028,418
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    11,251,421
    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
    11,251,421
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    270,706
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    270,706
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    10,980,715
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    10,980,715
    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
    10,980,715
    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 10,980,715
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 1,295,524
    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$ 11,539,140
    a Applied to 2020, but not more than line 2a 1,295,524
    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..... 10,243,616
    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 ..........
    737,099
    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).)
    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
    ARC BROWARD INC
    10250 NW 53RD ST
    SUNRISE,FL33351
    N/A PC COVID-19 GRANT & EMPLOYMENT AND TRANSITION 525,000
    AUDRE LORDE PROJECT
    85 SOUTH OXFORD STREET
    BROOKLYN,NY112171607
    N/A PC GENERAL OPERATING SUPPORT 5,000
    AUDUBON CONNECTICUT - GREENWICH CHAPTER
    613 RIVERSVILLE ROAD
    GREENWICH,CT06831
    N/A PC GENERAL OPERATING SUPPORT 10,000
    BECCA'S CLOSET
    151 NORTH NOB HILL RD STE 280
    PLANTATION,FL33324
    N/A PC GENERAL OPERATING SUPPORT 10,000
    BEST BUDDIES FLORIDA
    105 E ROBINSON STREET SUITE 540
    ORLANDO,FL32801
    N/A PC JOBS PROGRAM 75,000
    BEST BUDDIES NEW YORK
    1133 AVENUE OF THE AMERICAS SUITE
    3110
    NEW YORK,NY10036
    N/A PC JOBS PROGRAM 75,000
    BOWERY RESIDENT'S COMMITTEE
    131 WEST 25TH STREET 12TH FLOOR
    NEW YORK,NY10001
    N/A PC GENERAL OPERATING SUPPORT 10,000
    BRIDGES FROM SCHOOL TO WORK
    1460 BROADWAY 11TH FLOOR
    NEW YORK,NY10036
    N/A PC NYC EXPANSION 125,000
    BROOKLYN LAW SCHOOL
    250 JORALEMON STREET
    BROOKLYN,NY11201
    N/A PC AIDD LEGAL CLINIC 2018 363,254
    BROWARD CENTER FOR THE PERFORMING ARTS
    201 SW FIFTH AVE
    FORT LAUDERDALE,FL33312
    N/A PC ARTISTIC PROGRAMMING FOR I/DD AUDIENCES 100,000
    BROWARD CHILDREN'S CENTER
    200 SE 19TH AVENUE
    POMPANO BEACH,FL330607543
    N/A PC DAISY VILLAGE 388,700
    CATALYST ACADEMY CHARTER SCHOOL
    6401 PENN AVENUE 3RD FLOOR
    PITTSBURGH,PA15206
    N/A PC GENERAL OPERATING SUPPORT 2,500
    CENTER FOR AN URBAN FUTURE (CUF)
    120 WALL STREET 20TH FLOOR
    NEW YORK,NY10005
    N/A PC COVID-19 EMERGENCY GRANT 20,000
    CENTER FOR REPRODUCTIVE RIGHTS
    199 WATER ST
    NEW YORK,NY10038
    N/A PC GENERAL OPERATING SUPPORT 5,000
    CHILDREN'S AID
    711 THIRD AVENUE SUITE 700
    NEW YORK,NY10017
    N/A PC GENERAL OPERATING SUPPORT 500,000
    CHILDREN'S AID
    711 THIRD AVENUE SUITE 700
    NEW YORK,NY10017
    N/A PC COVID-19 GRANT 125,000
    CHILDREN'S AIDCHILDREN'S AID COLLEGE PREP CHARTER SCHOOL
    711 THIRD AVENUE SUITE 700
    NEW YORK,NY10017
    N/A PC GENERAL OPERATING SUPPORT 10,000
    CHILDREN'S CANCER AND BLOOD FOUNDATION INC
    466 LEXINGTON AVENUE 16TH FLOOR
    NEW YORK,NY10017
    N/A PC GENERAL OPERATING SUPPORT 15,000
    CHILDREN'S CANCER ASSOCIATION (JOYRX)
    1200 NW NAITO PKWY 140
    PORTLAND,OR97209
    N/A PC GENERAL OPERATING SUPPORT 10,000
    CHILDREN'S DIAGNOSTIC & TREATMENT CENTER
    1401 S FEDERAL HWY
    FORT LAUDERDALE,FL33316
    N/A PC TAFT PROGRAM 147,000
    CHILDREN'S RIGHTS INC
    88 PINE STREET SUITE 800
    NEW YORK,NY10005
    N/A PC GENERAL OPERATING SUPPORT 2,500
    CITY HARVEST INC
    6 EAST 32ND STREET 5TH FLOOR
    NEW YORK,NY10016
    N/A PC COVID/GENERAL OPERATING SUPPORT 20,000
    CO LAB THEATER GROUP INC
    PO BOX 727
    NEW YORK,NY10108
    N/A PC GENERAL OPERATING SUPPORT 55,000
    COOKE SCHOOL AND INSTITUTE
    475 RIVERSIDE DRIVE SUITE 730
    NEW YORK,NY10115
    N/A PC TRANSITION TO LIFE 250,796
    DANIEL'S MUSIC FOUNDATION
    1595 LEXINGTON AVENUE 2ND FLOOR
    NEW YORK,NY10029
    N/A PC GENERAL OPERATING SUPPORT 37,500
    DISABILITY INDEPENDENCE GROUP
    2990 SW 35TH AVENUE
    MIAMI,FL33133
    N/A PC GENERAL OPERATING SUPPORT 80,000
    ELS FOR AUTISM FOUNDATION
    18370 LIMESTONE CREEK ROAD
    JUPITER,FL33458
    N/A PC WORK EXPERIENCE & DAY TRAINING 2020 280,000
    EQUINE-ASSISTED THERAPIES OF SOUTH FLORIDA INC
    PO BOX 273542
    BOCA RATON,FL33427
    N/A PC GENERAL OPERATING SUPPORT 75,000
    FEEDING SOUTH FLORIDA
    2501 SW 32 TERRACE
    PEMBROKE PARK,FL33023
    N/A PC GENERAL OPERATING SUPPORT/COVID 15,000
    FLORIDA ATLANTIC UNIVERSITY - ACADEMY FOR COMMUNITY INCLUSION
    777 GLADES ROAD BLDG 47 RM 351
    BOCA RATON,FL33431
    N/A PC ACADEMY FOR COMMUNITY INCLUSION 305,894
    FLORIDA ATLANTIC UNIVERSITY - CARD
    777 GLADES ROAD AD-10 295
    BOCA RATON,FL33431
    N/A PC LITTLE OWLS AND OUTREACH 177,757
    FOOD BANK FOR NYC
    39 BROADWAY 10TH FLOOR
    NEW YORK,NY10006
    N/A PC GENERAL OPERATING SUPPORT/COVID 20,000
    FRIENDS OF KAREN INC
    118 TITICUS ROAD
    NORTH SALEM,NY10560
    N/A PC GENERAL OPERATING SUPPORT 5,000
    FUND FOR THE CITY OF NEW YORKCENTER FOR COURT INNOVATION
    520 EIGHTH AVENUE 18TH FLOOR
    NEW YORK,NY100186645
    N/A PC GENERAL OPERATING SUPPORT 5,000
    GALLOPNYC
    540 PRESIDENT STREET 3RD FLOOR
    BROOKLYN,NY11215
    N/A PC GENERAL OPERATING SUPPORT 150,000
    GIGI'S PLAYHOUSE NYC
    106 117TH STREET
    NEW YORK,NY10026
    N/A PC GENERAL OPERATING SUPPORT 10,000
    GILDA'S CLUB OF SOUTH FLORIDA
    119 ROSE DRIVE
    FT LAUDERDALE,FL33316
    N/A PC GENERAL OPERATING SUPPORT 70,000
    GREELEY SPORTS BOOSTERS
    PO BOX 669
    CHAPPAQUA,NY10514
    N/A PC TRAINING AND DEVELOPMENT FUND 2,000
    HEALEY CENTER FOR ALS AT MASS GENERAL HOSPITAL
    125 NASHUA STREET SUITE 540
    BOSTON,MA021141101
    N/A PC GENERAL OPERATING SUPPORT 5,000
    HEALTHY HUMOR INC
    17 STATE STREET SUITE 4000
    NEW YORK,NY10004
    N/A PC RED NOSE DOCS AT HARLEM, JACOBI, AND BRONXCARE HOSPITALS. 137,500
    HEALTHY HUMOR INC
    17 STATE STREET SUITE 4000
    NEW YORK,NY10004
    N/A PC RED NOSE DOCS AT HARLEM, JACOBI, AND BRONXCARE HOSPITALS. 137,500
    HEARTSHARE HUMAN SERVICES OF NEW YORK
    12 METROTECH CENTER 29TH FLOOR
    BROOKLYN,NY11201
    N/A PC ARTSHARE 150,000
    HEMATH INC
    12516 NOBLE COURT
    POTOMAC,MD20854
    N/A PC GENERAL OPERATING SUPPORT 5,000
    HIGH HOPES FOR THERAPEUTIC RIDING
    36 TOWN WOODS ROAD
    OLD LYME,CT06371
    N/A PC GENERAL OPERATING SUPPORT 2,000
    HIRSHHORN MUSEUM AND SCULPTURE GARDEN AT THE SMITHSONIAN
    1000 JEFFERSON DRIVE S W
    WASHINGTON,DC20560
    N/A PC ARTLAB 5,000
    HORACE GREELEY SCHOLARSHIP FUND
    PO BOX 242
    CHAPPAQUA,NY10514
    N/A PC GENERAL OPERATING SUPPORT 5,000
    INCLUDENYC
    116 EAST 16TH STREET 5TH FLOOR
    NEW YORK,NY10003
    N/A PC YOUTH AND TRANSITION SERVICES 250,000
    JACK & JILL CHILDREN'S CENTER
    1315 WEST BROWARD BLVD
    FORT LAUDERDALE,FL33312
    N/A PC GENERAL OPERATING SUPPORT 100,000
    JAWONIO INC
    260 NORTH LITTLE TOR ROAD
    NEW CITY,NY10956
    N/A PC EARLY INTERVENTION PROGRAM 190,000
    JOB PATH INC
    256 WEST 38TH STREET
    NEW YORK,NY10018
    N/A PC CCE, FIRST STEP, SKILLS BUILD, AND CAPACITY BUILDING 351,630
    JOE DIMAGGIO CHILDREN'S HOSPITAL
    3329 JOHNSON STREET
    HOLLYWOOD,FL33021
    N/A PC ENRICHMENT AND WELLNESS PROGRAM 183,365
    JUVENILE DIABETES RESEARCH FOUNDATION INTERNATIONAL
    3411 NW 9TH AVENUE SUITE 701
    FORT LAUDERDALE,FL33309
    N/A PC GENERAL OPERATING SUPPORT 10,000
    KENTUCKY HEALTH JUSTICE NETWORK
    PO BOX 4761
    LOUISVILLE,KY40204
    N/A PC GENERAL OPERATING SUPPORT 5,000
    KIDS IN CRISIS INC
    1 SALEM ST
    COS COB,CT068072624
    N/A PC GENERAL OPERATING SUPPORT 5,000
    LINCOLN CENTER FOR THE PERFORMING ARTS INC
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023
    N/A PC ACCESS PROGRAMS AND PASSPORT TO THE ARTS 100,000
    MARLENE MEYERSON JCC MANHATTAN
    334 AMSTERDAM AVE
    NEW YORK,NY10023
    N/A PC SILVER CENTER 150,000
    MARLENE MEYERSON JCC MANHATTAN
    334 AMSTERDAM AVE
    NEW YORK,NY10023
    N/A PC LITERACY+ MATH PROGRAMS 50,000
    MAYORS FUND TO ADVANCE NEW YORK CITYEMPOWEREDNYC
    253 BROADWAY 6TH FLOOR
    NEW YORK,NY10007
    N/A PC COVID-19 GRANT, BRIDGE FUNDING 50,000
    MEMORIAL SLOAN-KETTERING CANCER CENTER
    885 SECOND AVENUE
    NEW YORK,NY10017
    N/A PC CHILD LIFE PROGRAM 115,000
    MOMA
    11 W 53 ST
    NEW YORK,NY10019
    N/A PC ACESS PROGRAMS 75,000
    NATIONAL ALLIANCE ON MENTAL ILLNESS OF NEW YORK CITY
    505 8TH AVENUE SUITE 1103
    NEW YORK,NY10018
    N/A PC GENERAL OPERATING SUPPORT 1,100
    NATIONAL ALLIANCE ON MENTAL ILLNESS OF NEW YORK CITY
    505 8TH AVENUE SUITE 1103
    NEW YORK,NY10018
    N/A PC GENERAL OPERATING SUPPORT 33
    NEW YORK CITY CHARTER SCHOOL CENTER
    111 BROADWAY SUITE 604
    NEW YORK,NY10006
    N/A PC GENERAL OPERATING SUPPORT 5,000
    NEW YORK TRANSIT MUSEUM
    130 LIVINGSTON ST 10TH FLOOR
    BROOKLYN,NY11201
    N/A PC ACCESS PROGRAM 40,000
    NICHOLAS CENTER
    382 MAIN STREET
    PORT WASHINGTON,NY11050
    N/A PC WESTCHESTER EXPANSION 100,000
    NICKLAUS CHILDREN'S HOSPITAL
    3100 SW 62ND AVE
    MIAMI,FL33155
    N/A PC VR PROGRAM 120,000
    NSU - MAILMAN CENTER FOR HUMAN DEVELOPMENT
    3305 COLLEGE AVENUE LEO GOODWIN SR
    HALL 120B
    FT LAUDERDALE,FL33312
    N/A PC 2019 DEV ASSESSMENT CLINIC GRANT 127,386
    NSU LAW CENTER
    3305 COLLEGE AVENUE LEO GOODWIN SR
    HALL 120B
    FT LAUDERDALE,FL33312
    N/A PC AIDD CLINIC 2020-2023 278,617
    PALM BEACH MARITIME ACADEMY
    1518 LANTANA ROAD
    LANTANA,FL33462
    N/A PC GENERAL OPERATING SUPPORT 15,000
    POETRY SOCIETY OF AMERICA
    15 GRAMERCY PARK
    NEW YORK,NY10003
    N/A PC GENERAL OPERATING SUPPORT 10,000
    QSAC INC
    253 W 35TH ST 14TH FLOOR
    NEW YORK,NY10001
    N/A PC GENERAL OPERATING SUPPORT 250,000
    RAMAPO FOR CHILDREN INC
    49 WEST 38TH STREET 5TH FLOOR
    NEW YORK,NY10018
    N/A PC STAFF ASSISTANCE EXPERIENCE PROGRAM 190,000
    RED DOOR COMMUNITY
    195 WEST HOUSTON ST
    NEW YORK,NY10014
    N/A PC GENERAL OPERATING SUPPORT 30,000
    RENAISSANCE INTERNATIONAL
    1040 BAYVIEW DRIVE SUITE 317
    FORT LAUDERDALE,FL33304
    N/A PC GENERAL OPERATING SUPPORT 6,000
    RISING TREETOPS AT OAKHURST
    1140 BROADWAY SUITE 903
    NEW YORK,NY10001
    N/A PC GENERAL OPERATING SUPPORT 125,000
    SHINING HOPE FOR COMMUNITIES
    175 VARICK STREET 5TH FLOOR
    NEW YORK,NY10014
    N/A PC GENERAL OPERATING SUPPORT 5,000
    SNACK & FRIENDS INC
    316 EAST 53RD STREET
    NEW YORK,NY10022
    N/A PC GENERAL OPERATING SUPPORT 150,000
    SPECIAL OLYMPICS FLORIDA
    1915 DON WICKHAM DRIVE
    CLERMONT,FL34711
    N/A PC AREA 9 GRANT 290,000
    SPECIAL OLYMPICS NEW YORK
    504 BALLTOWN RD
    SCHENECTADY,NY123042201
    N/A PC NYC SUPPORT 100,000
    ST MARY'S HEALTHCARE SYSTEM FOR CHILDREN
    29-01 216TH STREET
    BAYSIDE,NY11360
    N/A PC COMPLMENTARY CARE 268,750
    SUPPORTED DECISION-MAKING NYHUNTER COLLEGE FOUNDATION
    195 WEST HOUSTON ST
    NEW YORK,NY10065
    N/A PC COVID-19 GRANT, BRIDGE FUNDING 75,000
    TECH KIDS UNLIMITED
    2 METROTECH CENTER 8TH FLOOR
    BROOKLYN,NY11201
    N/A PC GENERAL OPERATING SUPPORT 65,000
    THE ARC WESTCHESTER
    265 SAW MILL RIVER RD
    HAWTHORNE,NY10532
    N/A PC TRANSITION & EMPLOYMENT, VOLUNTEER COORDINATION, AND BEHAVIOR & WELLNESS SERVICES GRANT 390,000
    THE ARC WESTCHESTER
    265 SAW MILL RIVER RD
    HAWTHORNE,NY10532
    N/A PC PREP4SUCCESS TRANSITION PROGRAM 70,000
    THE CENTER FOR DISCOVERY
    PO BOX 840
    HARRIS,NY12742
    N/A PC HEALING ARTS & TRAINING INITIATIVE 542,863
    THE IDEAL SCHOOL OF MANHATTAN
    314 WEST 91ST STREET
    NEW YORK,NY10024
    N/A PC GENERAL OPERATING SUPPORT 5,000
    THE SPRINGBOARD SCHOOL AT LUBAVITCH ON THE PALISADES
    11 HAROLD STREET
    TENAFLY,NJ07670
    N/A PC GENERAL OPERATING SUPPORT 5,000
    THE WOW CENTER
    11450 SW 79TH STREET
    MIAMI,FL33173
    N/A PC GENERAL OPERATING SUPPORT 50,000
    THE WOW CENTER
    11450 SW 79TH STREET
    MIAMI,FL33173
    N/A PC GENERAL OPERATING SUPPORT 50,000
    THEATRE DEVELOPMENT FUND
    520 8TH AVENUE SUITE 801
    NEW YORK,NY10018
    N/A PC AUTISM FRIENDLY PERFORMANCES 125,000
    UNIVERSITY OF MIAMI - CARD
    5665 PONCE DE LEON BLVD
    CORAL GABLES,FL33124
    N/A PC TRANSITION & MULTICULTURAL COLLABORATIVE 198,571
    UNIVERSITY OF MIAMI - MAILMAN CENTER FOR CHILD DEVELOPMENT
    1601 NW 12TH AVE
    MIAMI,FL33136
    N/A PC FAMILY NAVIGATOR PROGRAM 199,317
    VOLUNTEER NEW YORK
    220 WHITE PLAINS ROAD
    TARRYTOWN,NY10591
    N/A PC RISE PROGRAM 160,500
    WESTCHESTER INSTITUTE FOR HUMAN DEVELOPMENT
    20 HOSPITAL OVAL W
    VALHALLA,NY10595
    N/A PC COMMUNITY SUPPORT NETWORK 249,000
    WESTCHESTER JEWISH COMMUNITY SERVICES
    845 NORTH BROADWAY
    WHITE PLAINS,NY10603
    N/A PC TAFT CENTER 101,837
    WOMEN'S HOUSING AND ECONOMIC DEVELOPMENT CORPORATION (WHEDCO
    50 E 168TH ST
    BRONX,NY10452
    N/A PC GENERAL OPERATING SUPPORT 5,000
    YWCA OF WHITE PLAINS & CENTRAL WESTCHESTER
    515 NORTH STREET
    WHITE PLAINS,NY10605
    N/A PC SPECIAL FARE PROGRAM 75,000
    Total .................................bullet 3a 10,643,870
    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 1,011  
    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 14,203,808  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER PARTNERSHIP LOSS
    901101 -278,278 01 278,278  
    bOTHER INCOME     01 11,980  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. -278,278 20,357,122 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    20,078,844
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow
    Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC (ABBV) 10,209.000 SHARES 916,196 1,382,299
    ACCENTURE PLC (ACN) 125.000 SHARES 26,629 51,820
    ADIDAS AG (ADDDF) 100.000 SHARES 31,995 28,976
    ADVANCED MICRO DEVICES (AMD) 7,437.000 SHARES 281,414 1,070,183
    ALIBABA GROUP HOLDING (BABA) 1,033.000 SHARES 92,836 122,710
    ALPHABET INC CL A (GOOGL) 115.000 SHARES 90,726 333,160
    ALPHABET INC CL C (GOOG) 1,137.000 SHARES 1,033,714 3,290,788
    AMAZON COM INC (AMZN) 846.000 SHARES 724,256 2,820,852
    AMGEN INC (AMGN) 110.000 SHARES 25,240 24,747
    APPLE INC (AAPL) 21,412.000 SHARES 852,469 3,802,129
    AT&T (T) 21,000.000 SHARES 565,006 516,600
    AUTODESK INC (ADSK) 1,267.000 SHARES 95,119 356,268
    AUTOMATIC DATA PROCESSING (ADP) 288.000 SHARES 28,514 71,015
    AUTOZONE INC (AZO) 670.000 SHARES 459,789 1,404,581
    BANK OF AMERICA CORP (BAC) 37,206.000 SHARES 1,021,598 1,655,295
    BERKSHIRE HATHAWAY INC-CL B (BRK) 5,027.000 SHARES 1,036,938 1,503,073
    BLACKSTONE GROUP INC (BX) 4,000.000 SHARES 118,679 517,560
    BOEING CO (BA) 4,095.000 SHARES 827,836 824,405
    BRISTOL MYERS SQUIBB CO (BMY) 19,934.000 SHARES 1,242,924 1,242,885
    BOOKING HOLDINGS INC (BKNG) 423.000 SHARES 772,624 1,014,874
    CAPITAL ONE FINANCIAL CORP (COF) 9,310.000 SHARES 705,212 1,350,788
    CHARTER COMMUNICATIONS INC-A (CHTR) 1,171.000 SHARES 725,809 763,457
    CHEVRON CORPORATION (CVX) 4,000.000 SHARES 382,965 469,400
    CITIGROUP INC NEW (C) 4,000 SHARES 272,920 241,560
    CISCO SYSTEMS (CSCO) 2,714.000 SHARES 81,120 171,986
    CONOCOPHILLIPS (COP) 17,242.000 SHARES 987,843 1,244,528
    COLGATE-PALMOLIVE CO (CL) 1,290.000 SHARES 87,510 110,089
    CVS HEALTH CORPORATION (CVS) 5,000.000 SHARES 311,512 515,800
    DEERE & CO (DE) 2,971.000 SHARES 777,291 1,018,726
    DEXCOM INC (DXCM) 1,141.000 SHARES 210,065 612,660
    DISCOVERY INC A (DISCA) 20,000 SHARES 617,022 470,800
    DUPONT DE NEMOURS INC (DD) 4,000.000 SHARES 241,870 323,120
    ENTERPRISE PRODUCTS PARTNERS (EPD) 25,000.000 SHARES 479,713 549,000
    EXPEDITORS INTL WASH INC (EXPD) 1,491.000 SHARES 78,975 200,226
    FACTSET RESEARCH SYSTEMS INC (FDS) 328.000 SHARES 53,286 159,411
    FEDEX CORP (FDX) 3,913.000 SHARES 883,254 1,012,058
    GAP INC (GPS) 30,733.000 SHARES 912,339 542,437
    GLOBAL PAYMENTS INC (GPN) 4,708.000 SHARES 750,872 636,427
    ILLUMINA INC (ILMN) 422.000 SHARES 123,988 160,546
    INGERSOLL RAND INC COMMON STOCK (IR) 12,049.000 SHARES 715,275 745,472
    INTEL CORP (INTC) 625.000 SHARES 606,971 546,673
    INTUITIVE SURGICAL INC (ISRG) 2,895.000 SHARES 242,348 1,040,174
    IONIS PHARMACEUTICALS (IONS) 20,000.000 SHARES 386,139 608,600
    JOHNSON & JOHNSON (JNJ) 3,000.000 SHARES 456,859 513,210
    JPMORGAN CHASE & CO (JPM) 3,245.000 SHARES 189,839 513,846
    KINDER MORGAN INC (KMI) 85,172.000 SHARES 1,248,001 1,350,828
    LAM RESEARCH CORP (LRCX) 1,181.000 SHARES 758,392 849,316
    LOEWS CORP (L) 27,908.000 SHARES 1,091,440 1,611,966
    LUMEN TECHNOLOGIES INC (LUMN) 24,000 SHARES 260,761 301,200
    LOREAL SPONS ADR (LRLCY) 360.000 SHARES 25,327 34,351
    LVMH MOET (LVMHF) 45.000 SHARES 20,218 37,210
    MARTIN MARIETTA MATERIALS (MLM) 1,556.000 SHARES 267,364 685,449
    MASTERCARD INC - A (MA) 3,442.000 SHARES 458,970 1,236,779
    META PLATFORMS INC - CLASS A 1,523.000 SHARES 181,816 512,261
    MERCK & CO INC NEW (MRK) 6,000.000 SHARES 442,876 459,840
    MICROSOFT CORP (MSFT) 11,592.000 SHARES 1,055,574 3,898,621
    MONSTER BEVERAGE CORP (MNST) 2,826.000 SHARES 128,024 271,409
    NESTLE SPONS ADR (NSRGY) 245.000 SHARES 27,376 34,391
    NEWMONT CORP (NEM) 8,000.000 SHARES 469,459 496,160
    NOVARTIS AG-SPONSORED ADR (NVS) 2,530.000 SHARES 197,283 221,299
    NOVO-NORDISK A/S SPONS ADR (NVO) 951.000 SHARES 29,557 106,512
    NVIDIA CORP (NVDA) 2,105.000 SHARES 77,924 619,102
    ORACLE CORP (ORCL) 4,377.000 SHARES 175,527 381,718
    PACKAGING CORP OF AMERICA (PKG) 9,402.000 SHARES 1,138,115 1,280,082
    PAYPAL HOLDINGS INC (PYPL) 3,043.000 SHARES 313,373 573,849
    PFIZER INCORPORATED (PFE) 4,800.000 SHARES 155,694 283,440
    PROCTER & GAMBLE CO/THE (PG) 8,110.000 SHARES 1,020,418 1,326,634
    PUBLIC STORAGE (PSA) 2,192.000 SHARES 405,668 821,036
    QUALCOMM INC (QCOM) 7,307.000 SHARES 658,362 1,336,231
    REGENERON PHARMACEUTICALS (REGN) 1,700.000 SHARES 816,283 1,073,584
    ROCHE HLDG AG SPON ADR (RHHBY) 4,683.000 SHARES 176,839 242,064
    ROYAL CARRIBEAN CRUISES LTD (RCL) 7,500.000 SHARES 413,662 576,750
    SALESFORCE.COM INC (CRM) 1,277.000 SHARES 196,167 324,524
    SANGAMO THERAPEUTICS INC (SGMO) 37,500.000 SHARES 466,303 281,250
    SCHLUMBERGER LTD (SLB) 15,734.000 SHARES 538,323 471,233
    SCHWAB CORP (SCHW) 12,521.000 SHARES 471,648 1,053,016
    SEI INVESTMENTS CO (SEIC) 1,842.000 SHARES 89,912 112,251
    SHAKE SHACK INC CL A (SHAK) 4,000 SHARES 307,980 288,640
    SIMON PROPERTY GROUP REIT INC (SPG) 3,400.000 SHARES 209,604 543,218
    SOUTHWEST AIRLINES CO (LUV) 3,400 SHARES 241,870 257,040
    STARBUCKS CORP (SBUX) 6,263.000 SHARES 601,159 732,583
    T-MOBILE US INC (TMUS) 6,063.000 SHARES 758,670 703,187
    TESLA INC (TSLA) 1,121.000 SHARES 1,157,488 1,184,650
    TJX COMPANIES INC (TJX) 500.000 SHARES 31,359 37,960
    TOYOTA MOTOR CORP (TM) 185.000 SHARES 26,998 34,281
    TRANE TECHNOLOGIES PLC (TT) 3,749.000 SHARES 728,234 757,410
    UNION PACIFIC CORP (UNP) 135.000 SHARES 25,016 34,011
    UNITEDHEALTH GROUP INC (UNH) 2,929.000 SHARES 411,236 1,470,768
    V F CORPORATION (VFC) 8,000 SHARES 607,021 585,760
    VERIZON COMMUNICATIONS (VZ) 12,000.000 SHARES 575,418 623,520
    VERTIX PHARMACEUTICALS INC (VRTX) 996.000 SHARES 196,877 218,722
    VISA INC CL A (V) 2,071.000 SHARES 168,204 448,806
    WALT DISNEY CO (DIS) 4,774.000 SHARES 743,456 739,445
    WEYERHAEUSER CO (WY) 39,281.000 SHARES 1,474,149 1,617,592
    WORKDAY INC (WDAY) 439.000 SHARES 62,045 119,926
    XCEL ENERGY INC (XEL) 13,934.000 SHARES 636,058 943,332
    YUM BRANDS INC (YUM) 872.000 SHARES 55,286 121,086
    YUM CHINA HOLDINGS INC (YUMC) 1,184.000 SHARES 33,027 59,011
    ZEBRA TECHNOLOGIES CORP-CL A (ZBRA) 1,426.000 SHARES 342,277 848,755
    ISHARES RUSSELL 2000 (IWM) 1,500 SHARES 334,036 333,675

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AKRE FOCUS INSTL (AKRIX) 8,494.957 QTY AT COST 307,613 562,281
    ARIEL INTERNATIONAL INSTL (AINIX) 11,422.674 QTY AT COST 157,569 165,515
    ARES PCS II PRIVATE INVESTORS OFFSHORE, L.P. - CLASS A AT COST 186,302 194,623
    CLARKSTON PARTNERS INSTL (CISMX) 24,047.488 QTY AT COST 295,255 383,076
    CREDIT SUISSE STRATEGIC (CSOIX) 50,477.374 QTY AT COST 511,832 510,326
    CD&R XI PRIVATE INVESTORS CAYMAN, L.P. - CLASS A- SECOND CLOSE AT COST 592,737 671,389
    DODGE & COX INCOM (DODIX) 385,099.030 QTY AT COST 5,308,039 5,414,492
    DOUBLELINE TTL RTRN BND (DDTRX) 300,765.730 QTY AT COST 3,247,672 3,127,964
    EDGEWOOD GROWTH INSTL (EGFIX) 10,046.804 QTY AT COST 222,948 607,731
    ETON PARK OVERSEAS FUND, LTD AT COST 329 441
    FIDELITY 500 INDEX INST PRM (FXAIX) 95,764.623 QTY AT COST 8,903,980 15,831,807
    FIDELITY INTL INDX-INST PRM (FSPSX) 156,570.831 QTY AT COST 6,756,359 7,717,376
    GROSVENOR ALTERNATIVE INVESTMENT COMPLETION PORTFOLIO, LTD AT COST 17,242,057 21,159,248
    GSO PRIVATE INVESTORS OFFSHORE III SICAV-RAIF S.C.S AT COST 127,618 169,804
    HEALTH CARE SELECT SECTOR (XLV) 26,033.000 QTY AT COST 2,393,206 3,667,789
    INDUSTRIAL SELECT SECT SPDR (XLI) 16,665.000 AT COST 1,542,154 1,763,324
    INVESCO QQQ TRUST SERIES 1 (QQQ) 15,939.000 QTY AT COST 3,548,707 6,341,331
    ISHARES CORE MSCI EMERGING (IEMG) 106,260.000 QTY AT COST 5,861,289 6,360,724
    ISHARES MSCI CHINA ETF (MCHI) 11,444.000 QTY AT COST 786,586 718,340
    ISHARES MSCI INDIA ETF (INDA) 44,406.000 QTY AT COST 1,211,946 2,035,571
    ISHARES MSCI JAPAN ETF (EWJ) 47,934.000 QTY AT COST 2,687,883 3,209,661
    ISHARES RUSSELL 1000 VALUE E (IWD) 35,684.000 QTY AT COST 4,898,457 5,992,414
    JPM MANAGED INCOME FD (JMGIX) 376,600.69 QTY AT COST 3,684,117 3,676,007
    JPM MANAGED INCOME FD (JMGIX) 170.65 QTY AT COST 1,706 1,707
    LORD ABBETT DEVELOPING GROWTH FUND (LADYX) 13,415.557 QTY AT COST 504,764 466,861
    LORD ABBETT SHORT DURATI (LLDYX) 60,607.033 QTY AT COST 252,748 251,519
    MATTHEWS JAPAN INSTL (MIJFX) 7,141.913 QTY AT COST 149,484 158,051
    NB GREATER CHINA EQUITY INST (NCEIX) 114,820.797 QTY AT COST 1,400,000 1,266,473
    OAKMARK INTERNATIONAL -R6 (OAZIX) 131,618.113 AT COST 3,296,185 3,691,888
    PARNASSUS CORE EQUITY (PRILX) 57,400.968 QTY AT COST 2,381,566 3,647,832
    PGIM GLOBAL REAL ESTATE Q (PGRQX) 149,558.830 QTY AT COST 3,524,359 3,682,138
    PIMCO COMMODITY PL STRAT INS (PCLIX) 319,533.877 QTY AT COST 2,710,361 2,508,341
    PIMCO TOTAL RETURN FUND (PTTRX) 551,688.760 QTY AT COST 5,510,032 5,665,844
    ROYCE VALUE TRUST INC (RVT) 10,000.000 QTY AT COST 111,509 195,900
    SCHWAB US TIPS ETF (SCHP) 84,965.000 QTY AT COST 4,898,562 5,343,449
    SILVER LAKE PARTNERS IV (SLP IV) PRIVATE INVESTORS, LP AT COST 24,671 2,160,369
    SPYGLASS GROWTH INSTL (SPYGX) 19,160.977 QTY AT COST 219,408 342,598
    T ROWE PR JAPAN FUND-I (RJAIX) 98,935.816 QTY AT COST 1,414,782 1,682,898
    T ROWE PRICE NEW ASIA (PNSIX) 83,375.707 QTY AT COST 1,628,608 1,752,557
    VANECK OIL SERVICES ETF (OIH) 7,916.000 QTY AT COST 1,544,499 1,463,193
    VANGUARD 500 INDEX ADMIRAL (VFIAX) 8,405.281 QTY AT COST 1,479,076 3,696,895
    VANGUARD FINANCIALS ETF (VFH) 31,055.000 QTY AT COST 1,935,794 2,998,981
    VANGUARD FTSE EUROPE ETF (VGK) 88,007.000 QTY AT COST 5,480,228 6,005,598
    VANGUARD MID-CAP ETF (VO) 31,055.000 QTY AT COST 985,470 1,638,426
    VANGUARD SHORT-TERM TIPS (VTIP) 36,466.000 QTY AT COST 1,883,527 1,874,352
    VANGUARD TOT BD MKT IX ADM (VBTLX) 1,153,834.570 QTY AT COST 12,452,970 12,911,409
    VANGUARD TOTAL BOND MARKET ET INDEX ADM (VBTLX) 22,737.436 QTY AT COST 266,644 254,432
    WCM FOCUSED INTL GROWTH INSTL (WCMIX) 20,169.260 QTY AT COST 244,245 558,285
    OCA BREDS IV TE LLC AT COST 194,991 213,197
    OCA CMTG LLC AT COST 416,765 368,817
    ALPHAGEN EUROPEAN BEST IDEAS FUND AT COST 338,000 371,850
    BLACKSTONE REAL ESTATE INCOME TRUST AT COST 360,000 360,000
    OCA STRATEGIC ADVISORS AT COST 450,000 601,952
    AKO EUROPEAN LONG ONLY AT COST 260,000 330,997
    OCA ECHO STREET CREDIT AT COST 520,000 612,771
    OCA VIKING GLOBAL AT COST 350,000 339,243
    OCA - CASTLE HOOK PARTNERS AT COST 240,000 240,000
    OCA - PENDULUM OPPORTUNITES AT COST 28,806 28,561
    OCA - SEQUOIA GLOBAL EQUITIES AT COST 420,000 420,000

    TY 2021 OtherExpensesSchedule
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & SUBSCRIPTIONS 18,100 0   18,100
    INSURANCE 8,870 0   8,870
    OFFICE EXPENSE 25,625 0   25,625
    BANK CHARGES 2,809 2,809   0
    OTHER PARTNERSHIP EXPENSES 0 2,698   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER PARTNERSHIP INCOME THRU K-1S   85,892  
    OTHER INCOME 11,980   11,980


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 720,308 721,304   0
    CONSULTING FEES 37,348 0   37,348


    TY 2021 TaxesSchedule
    Name:
    THE TAFT FOUNDATION
    EIN:
    20-1232852
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 6,339 8,433   0