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
TORTUGA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)CO SACKS PRESS 600 THIRD AVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10016
A Employer identification number

51-0245279
B Telephone number (see instructions)

(212) 682-6640
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$202,923,188J 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) 10,000,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 872,348 872,348  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 22,314,066
b Gross sales price for all assets on line 6a 42,473,548
7 Capital gain net income (from Part IV, line 2)... 22,314,066
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).......      
12 Total. Add lines 1 through 11........ 33,186,414 23,186,414  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 50,000 0   50,000
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 119,770 0   0
b Accounting fees (attach schedule)....... Click to see attachment 5,300 5,300   0
c Other professional fees (attach schedule).... Click to see attachment 1,678,565 1,382,065   296,500
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 343,011 0   4,186
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,748 0   4,748
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 78,389 76,059   2,330
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,279,783 1,463,424   357,764
25 Contributions, gifts, grants paid....... 7,376,250 7,376,250
26 Total expenses and disbursements. Add lines 24 and 25 9,656,033 1,463,424   7,734,014
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 23,530,381
b Net investment income (if negative, enter -0-) 21,722,990
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.............   2,082 2,082
2 Savings and temporary cash investments......... 1,490,030 2,753,615 2,753,615
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)....... 85,147,970 Click to see attachment107,412,684 200,167,491
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 86,638,000 110,168,381 202,923,188
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...........    
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 86,638,000 110,168,381
29 Total net assets or fund balances (see instructions)..... 86,638,000 110,168,381
30 Total liabilities and net assets/fund balances (see instructions). 86,638,000 110,168,381
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
86,638,000
2
Enter amount from Part I, line 27a .....................
2
23,530,381
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
110,168,381
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
110,168,381
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 SECURITIES LITIGATION SETTLEMENT P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 42,470,569   20,159,482 22,311,087
b 2,979     2,979
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       22,311,087
b       2,979
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 22,314,066
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........................... 3 301,950
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- ..... 5 301,950
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 300,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 310,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 610,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 388
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 10 307,662
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet307,662 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletSACKS PRESS LACHER PC Telephone no.bullet (212) 682-6640

    Located atbullet600 THIRD AVENUENEW YORKNY ZIP+4bullet10016
    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)
    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
    MILDRED LIVINGSTON PRES, TRUSTEE
    5.00     		0 0 0
    C/O SACKS 600 THIRD AVE
    NEW YORK,NY10016
    PATRICIA LIVINGSTON SEC'Y, TRUSTEE
    5.00     		0 0 0
    C/O SACKS 600 THIRD AVE
    NEW YORK,NY10016
    ROBERT LIVINGSTON TRUSTEE
    5.00     		0 0 0
    C/O SACKS 600 THIRD AVE
    NEW YORK,NY10016
    PHILIP LIVINGSTON TRUSTEE
    5.00     		0 0 0
    C/O SACKS 600 THIRD AVE
    NEW YORK,NY10016
    DONNA M COLON TREASURER
    5.00     		0 0 0
    C/O SACKS 600 THIRD AVE
    NEW YORK,NY10016
    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
    KAY BROMBERG N/A
    30.00     		50,000 0 0
    217 GARDEN ST
    ROSLYN HEIGHTS,NY11577
    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
    EDGEWOOD MANAGEMENT CO LLC INVESTMENT ADVISORY 1,382,065
    600 STEAMBOAT RD
    GREENWICH,CT06830
    PHILANTHROPIC ADVISORS LLC CONSULTING 175,000
    56 MILLERTON RD
    LAKEVILLE,CT06039
    PATTERSON BELKNAP WEBB & TYLER LLP LEGAL 119,700
    1133 AVENUE OF THE AMERICAS
    NEW YORK,NY10036
    BANK OF NEW YORK CUSTODY AGENT 76,059
    PO BOX 185
    PITTSBURGH,PA15230
    KAREN HARRIS STRATEGY/PROGRAMS 61,500
    534 HAWK PINE RD
    NORWICH,VT05055
    Total number of others receiving over $50,000 for professional services.............bullet1
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    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
    183,450,253
    b
    Average of monthly cash balances.......................
    1b
    3,009,488
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    186,459,741
    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
    186,459,741
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,796,896
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    183,662,845
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    9,183,142
    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
    9,183,142
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    301,950
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    301,950
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,881,192
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    8,881,192
    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
    8,881,192
    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 8,881,192
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018...... 801,715
    d From 2019...... 1,206,090
    e From 2020...... 1,207,813
    f Total of lines 3a through e ........ 3,215,618
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 7,734,014
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 7,734,014
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 1,147,178 1,147,178
    (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 2,068,440
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		2,068,440
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019.... 860,627
    d Excess from 2020.... 1,207,813
    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
    350ORG
    20 JAY STREET
    BROOKLYN,NY11201     		  PC GENERAL CHARITABLE PURPOSES 75,000
    ACTION PROGRAMS FOR ANIMALS
    537 N SOLANO DR
    LAS CRUCES,NM88001     		  PC GENERAL CHARITABLE PURPOSES 25,000
    AIR ALLIANCE HOUSTON
    2520 CAROLINE ST 100
    HOUSTON,TX77004     		  PC GENERAL CHARITABLE PURPOSES 30,000
    ALASKA CENTER EDUCATION FUND
    707 A STREET SUITE 205
    ANCHORAGE,AK99501     		  PC GENERAL CHARITABLE PURPOSES 75,000
    ALASKA PUBLIC INTEREST RESEARCH GRP
    PO BOX 201416
    ANCHORAGE,AK99520     		  PC GENERAL CHARITABLE PURPOSES 75,000
    ALASKA WILDERNESS LEAGUE
    122 C STREET NW
    WASHINGTON,DC20001     		  PC GENERAL CHARITABLE PURPOSES 125,000
    ALLEGHENY-BLUE RIDGE ALLIANCE
    PO BOX 96
    MONTEREY,VA24465     		  PC GENERAL CHARITABLE PURPOSES 35,000
    ALLIANCE FOR A GREEN ECONOMY
    2013 E GENESEE ST
    SYRACUSE,NY13210     		  PC GENERAL CHARITABLE PURPOSES 65,000
    APPALACHIAN MOUNTAIN ADVOCATES INC
    PO BOX 507
    LEWISBURG,WV24901     		  PC GENERAL CHARITABLE PURPOSES 50,000
    BADLANDS CONSERVATION ALLIANCE
    801 N 10TH ST
    BISMARCK,ND58501     		  PC GENERAL CHARITABLE PURPOSES 50,000
    BENNINGTON COLLEGE
    1 COLLEGE DR
    BENNINGTON,VT05201     		  PC GENERAL CHARITABLE PURPOSES 225,000
    BRONX CHILDRENS MUSEUM
    PO BOX 3181
    BRONX,NY10451     		  PC GENERAL CHARITABLE PURPOSES 26,250
    CATSKILL ANIMAL SANCTUARY INC
    316 OLD STAGE ROAD
    SAUGERTIES,NY12477     		  PC GENERAL CHARITABLE PURPOSES 55,000
    CENTER FOR BIOLOGICAL DIVERSITY
    PO BOX 710
    TUCSON,AZ85702     		  PC GENERAL CHARITABLE PURPOSES 50,000
    CENTER FOR BIOLOGICAL DIVERSITY
    PO BOX 710
    TUCSON,AZ857020710     		  PC SAFE CLIMATE TRANSPORT CAMPAIGN 75,000
    CENTER FOR CIVIC POLICY
    625 SILVER AVE SW 320
    ALBUQUERQUE,NM87102     		  PC GENERAL CHARITABLE PURPOSES 50,000
    CENTER FOR CLIMATE INTEGRITY
    2300 WISCONSIN AVE NW
    WASHINGTON,DC20007     		  PC GENERAL CHARITABLE PURPOSES 90,000
    CENTER FOR INTERNATIONAL ENVIRONMENTAL LAW
    1101 15TH STREET NW
    WASHINGTON,DC20005     		  PC GENERAL CHARITABLE PURPOSES 80,000
    CHESAPEAKE CLIMATE ACTION NETWORK
    6930 CARROLL AVE SUITE 720
    TAKOMA PARK,MD20912     		  PC GENERAL CHARITABLE PURPOSES 60,000
    COLUMBIA RIVERKEEPER
    407 PORTWAY AVE 301
    HOOD RIVER,OR97031     		  PC GENERAL CHARITABLE PURPOSES 50,000
    COMMISSION SHIFT
    212 FLORES AVE
    LAREDO,TX78040     		  PC GENERAL CHARITABLE PURPOSES 75,000
    CONGRESSIONAL PROGRESSIVE CAUCUS CENTER
    80 F ST NW
    WASHINGTON,DC20001     		  PC GENERAL CHARITABLE PURPOSES 50,000
    CONSERVATION LANDS FOUNDATION INC
    160 EAST 12TH STREET
    DURANGO,CO81301     		  PC GENERAL CHARITABLE PURPOSES 65,000
    CONSERVATION NORTHWEST
    1829 10TH AVE W SUITE B
    SEATTLE,WA98119     		  PC GENERAL CHARITABLE PURPOSES 20,000
    COWICHE CANYON CONSERVANCY
    302 N 3RD ST 201
    YAKIMA,WA98901     		  PC GENERAL CHARITABLE PURPOSES 25,000
    CRAIG HOSPITAL
    3425 S CLARKSTON ST
    ENGLEWOOD,CO80113     		  PC GENERAL CHARITABLE PURPOSES 215,000
    CT AUDUBON SOCIETY INC
    314 UNQUOWA ROAD
    FAIRFIELD,CT06824     		  PC GENERAL CHARITABLE PURPOSES 150,000
    DELAWARE RIVERKEEPER NETWORK
    925 CANAL ST 3701
    BRISTOL,PA19007     		  PC GENERAL CHARITABLE PURPOSES 50,000
    DOGWOOD ALLIANCE
    1321 W NEW HOPE DRIVE
    CEDAR PARK,TX78613     		  PC GENERAL CHARITABLE PURPOSES 90,000
    ENVIRONMENT AND HUMAN HEALTH INC
    1191 RIDGE ROAD
    NORTH HAVEN,CT06473     		  PC GENERAL CHARITABLE PURPOSES 90,000
    ENVIRONMENTAL ADVOCATES NY
    353 HAMILTON ST
    ALBANY,NY12210     		  PC GENERAL CHARITABLE PURPOSES 60,000
    ENVIRONMENTAL INTEGRITY PROJECT
    1000 VERMONT AVE NW
    WASHINGTON,DC20005     		  PC GENERAL CHARITABLE PURPOSES 100,000
    ENVIRONMENTAL INTEGRITY PROJECT
    1000 VERMONT AVE NW SUITE 1100
    WASHINGTON,DC20005     		  PC GENERAL CHARITABLE PURPOSES 75,000
    ESOPUS CREEK CONSERVANCY
    4 SHADY LN
    SAUGERTIES,NY12477     		  PC GENERAL CHARITABLE PURPOSES 20,000
    FOOD & WATER WATCH
    1616 P STREET NW
    WASHINGTON,DC20036     		  PC GENERAL CHARITABLE PURPOSES 60,000
    FRIENDS OF NEVADA WILDERNESS
    PO BOX 9754
    RENO,NV89507     		  PC GENERAL CHARITABLE PURPOSES 60,000
    FRIENDS OF THE DICKENSON MEMORIAL LIBRARY
    MAIN STREET
    CLINTWOOD,VA24228     		  PC GENERAL CHARITABLE PURPOSES 5,000
    GOVERNMENT ACCOUNTABILITY INSTITUTE
    1414 PIEDMONT DR E
    TALLAHASSEE,FL32308     		  PC GENERAL CHARITABLE PURPOSES 100,000
    GREATER YELLOWSTONE COALITION
    215 SOUTH WALLACE AVE
    BOZEMAN,MT59715     		  PC GENERAL CHARITABLE PURPOSES 50,000
    GUARDIANORG FOUNDATION
    900 17TH ST NW
    WASHINGTON,DC20006     		  PC GENERAL CHARITABLE PURPOSES 50,000
    HUMANE EDUCATION ADVOCATES REACHING TEACHERS
    PO BOX 738
    MAMARONECK,NY10543     		  PC GENERAL CHARITABLE PURPOSES 50,000
    INSTITUTE FOR ENERGY ECONOMICS AND FINANCIAL ANALYSIS
    3430 ROCKY RIVER ROAD
    CLEVELAND,OH44111     		  PC GENERAL CHARITABLE PURPOSES 100,000
    LAND TRUST ALLIANCE INC
    1250 H STREET NW SUITE 600
    WASHINGTON,DC20005     		  PC GENERAL CHARITABLE PURPOSES 50,000
    LEAGUE OF CONSERVATION VOTERS
    740 15TH STREET NW 7TH FL
    WASHINGTON,DC20005     		  PC GENERAL CHARITABLE PURPOSES 75,000
    LIVEABLE ARLINGTON
    PO BOX 14172
    ARLINGTON,TX76094     		  PC GENERAL CHARITABLE PURPOSES 30,000
    LOUISIANNA BUCKET BRIGADE
    2803 SAINT PHILLIP STREET
    NEW ORLEANS,LA70119     		  PC GENERAL CHARITABLE PURPOSES 90,000
    MEALS ON WHEELS PEOPLE
    7710 SW 31ST AVE
    PORTLAND,OR97219     		  PC GENERAL CHARITABLE PURPOSES 25,000
    MOTHERS OUT FRONT
    30 BOW ST
    CAMBRIDGE,MA02138     		  PC GENERAL CHARITABLE PURPOSES 75,000
    MOUNT GRACE LAND CONSERVATION TRUST
    1461 OLD KEENE RD
    ATHOL,MA01331     		  PC GENERAL CHARITABLE PURPOSES 165,000
    NATIVE MOVEMENT
    PO BOX 83467
    FAIRBANKS,AK99708     		  PC GENERAL CHARITABLE PURPOSES 30,000
    NATL PARKS CONSERVATION ASSOC
    777 6TH STREET NW SUITE 700
    WASHINGTON,DC200013723     		  PC GENERAL CHARITABLE PURPOSES 75,000
    NATURE CONSERVANCY-CONNECTICUT
    55 CHURCH STREET
    NEW HAVEN,CT06510     		  PC GENERAL CHARITABLE PURPOSES 190,000
    NEW MEXICO INTERFAITH POWER AND LIGHT
    PO BOX 27162
    ALBUQUERQUE,NM87125     		  PC GENERAL CHARITABLE PURPOSES 100,000
    NEW MEXICO WILDERNESS ALLIANCE
    317 COMMERCIAL ST NE STE 300
    ALBUQUERQUE,NM87102     		  PC GENERAL CHARITABLE PURPOSES 60,000
    NEW VENTURE FUND
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036     		  PC GENERAL CHARITABLE PURPOSES 175,000
    NEW YORK PUBLIC INTEREST RESEARCH
    9 MURRAY STREET
    NEW YORK,NY10007     		  PC GENERAL CHARITABLE PURPOSES 90,000
    NISKANEN CENTER
    820 FIRST ST NE
    WASHINGTON,DC20002     		  PC GENERAL CHARITABLE PURPOSES 60,000
    NORTHERN ALASKA ENVIRONMENTAL CENTER
    830 COLLEGE RD
    FAIRBANKS,AK99701     		  PC GENERAL CHARITABLE PURPOSES 90,000
    OHIO VALLEY ENVIRONMENTAL COALITION
    725 14TH ST W
    HUNTINGTON,WV25704     		  PC GENERAL CHARITABLE PURPOSES 35,000
    OMEGA INSTITUTE FOR HOLISTIC STUDIES INC
    150 LAKE DR
    RHINEBECK,NY12572     		  PC GENERAL CHARITABLE PURPOSES 20,000
    OPEN SPACE INSTITUTE
    1350 BROADWAY
    NEW YORK,NY10018     		  PC GENERAL CHARITABLE PURPOSES 50,000
    OREGON DESERT LAND TRUST
    2843 NW LOLO DR 200
    BEND,OR97703     		  PC GENERAL CHARITABLE PURPOSES 80,000
    OREGON NATURAL DESERT ASSOCIATION
    50 SW BOND AVENUE
    BEND,OR97702     		  PC GENERAL CHARITABLE PURPOSES 75,000
    PARTNERSHIP FOR POLICY INTEGRITY
    54 ARNOLD RD
    PELHAM,MA01002     		  PC GENERAL CHARITABLE PURPOSES 90,000
    PHYSICIANS COMMITTEE FOR RESPONSIBLE MEDICINE
    5100 WISCONSIN AVE NW
    WASHINGTON,DC20016     		  PC GENERAL CHARITABLE PURPOSES 50,000
    PIVOT POINT
    8725 HIGGINGS RD STE 700
    CHICAGO,IL60631     		  PC GENERAL CHARITABLE PURPOSES 75,000
    PLANNED PARENTHOOD FEDERATION OF AMERICA
    1110 VERMONT AVE NW
    WASHINGTON,DC20005     		  PC GENERAL CHARITABLE PURPOSES 265,000
    POMFRET SCHOOL
    398 POMFRET ST
    POMFRET CENTER,CT06259     		  PC GENERAL CHARITABLE PURPOSES 125,000
    POTOMAC CONSERVANCY
    8403 COLESVILLE RD
    SILVER SPRING,MD20910     		  PC GENERAL CHARITABLE PURPOSES 30,000
    PUBLIC EMPLOYEES FOR ENVIRONMENTAL RESPONSIBILITY
    962 WAYNE AV
    SILVER SPRING,MD20910     		  PC GENERAL CHARITABLE PURPOSES 80,000
    PUGET SOUNDKEEPER ALLIANCE
    130 NICKERSON ST 107
    SEATTLE,WA98109     		  PC GENERAL CHARITABLE PURPOSES 20,000
    REAL ORGANIC PROJECT
    82 WILSON RD
    EAST THETFORD,VT05043     		  PC GENERAL CHARITABLE PURPOSES 10,000
    RIVER VALLEY ORGANIZING
    506 WALNUT ST
    EAST LIVERPOOL,OH43920     		  PC GENERAL CHARITABLE PURPOSES 50,000
    ROCKEFELLER FAMILY FUND
    475 RIVERSIDE DR STE 900
    NEW YORK,NY10115     		  PC GENERAL CHARITABLE PURPOSES 150,000
    ROCKEFELLER PHILANTHROPY
    6 WEST 48TH ST 10TH FL
    NEW YORK,NY10036     		  PC GENERAL CHARITABLE PURPOSES 75,000
    SAVE THE SOUND
    900 CHAPEL STREET SUITE 2202
    NEW HAVEN,CT06510     		  PC GENERAL CHARITABLE PURPOSES 100,000
    SCENIC HUDSON
    ONE CIVIC CENTER PLAZA SUITE 200
    POUGHKEEPSIE,NY12601     		  PC GENERAL CHARITABLE PURPOSES 75,000
    SOUTHEASTERN ALASKA CONSERVATION COUNCIL
    224 GOLD ST
    JUNEAU,AK99801     		  PC GENERAL CHARITABLE PURPOSES 100,000
    SOUTHERN ENVIRONMENTAL LAW CTR
    201 WEST MAIN STREET
    CHARLOTTESVILLE,VA22902     		  PC GENERAL CHARITABLE PURPOSES 75,000
    SUSTAINABLE MARKETS FOUNDATION
    45 W 36TH STREET 6TH FLOOR
    NEW YORK,NY10018     		  PC ECO-ACCOUNTABILITY PROJECT 230,000
    TAXPAYERS FOR COMMON SENSE
    651 PENNSYLVANIA AVE SE
    WASHINGTON,DC20003     		  PC GENERAL CHARITABLE PURPOSES 100,000
    TERRACORPS
    116 JOHN STREET
    LOWELL,MA01852     		  PC GENERAL CHARITABLE PURPOSES 80,000
    TEXAS CAMPAIGN FOR THE ENVIRONMENT FDN
    PO BOX 42278
    AUSTIN,TX78704     		  PC GENERAL CHARITABLE PURPOSES 30,000
    THE NATURE CONSERVANCY
    4245 NORTH FAIRFAX DRIVE SUITE 100
    ARLINGTON,VA222031606     		  PC GENERAL CHARITABLE PURPOSES 200,000
    THE NEW YORK COALITION FOR HEALTHY SCHOOL FOOD
    PO BOX 737
    MAMARONECK,NY10543     		  PC GENERAL CHARITABLE PURPOSES 25,000
    TOGETHER NEW ORLEANS
    2721 S BROAD ST
    NEW ORLEANS,LA70125     		  PC GENERAL CHARITABLE PURPOSES 50,000
    TRUSTEES FOR ALASKA
    1026 W 4TH AVE SUITE 201
    ANCHORAGE,AK99501     		  PC GENERAL CHARITABLE PURPOSES 125,000
    TULANE ENVIRONMENTAL LAW CLINIC
    6329 FRERET ST
    NEW ORLEANS,LA70118     		  PC GENERAL CHARITABLE PURPOSES 75,000
    TURTLE SURVIVAL ALLIANCE
    1030 JENKINS RD SUITE D
    CHARLESTON,SC29407     		  PC GENERAL CHARITABLE PURPOSES 25,000
    UNIVERSITY OF WASHINGTON FOUNDATION
    407 GERBERDING HALL
    SEATTLE,WA98195     		  PC GENERAL CHARITABLE PURPOSES 80,000
    UPSTREAM USA
    426 17TH STREET
    OAKLAND,CA94612     		  PC GENERAL CHARITABLE PURPOSES 40,000
    WASHINGTON ENVIRONMENTAL COUNCIL
    1402 3RD AVENUE
    SAN FRANCISCO,WA98101     		  PC GENERAL CHARITABLE PURPOSES 30,000
    WEST VIRGINIA RIVERS COALITION INC
    3501 MACCORKLE AVE SE 129
    CHARLESTON,WV25304     		  PC GENERAL CHARITABLE PURPOSES 50,000
    WILD ARIZONA
    PO BOX 40340
    TUCSON,AZ85717     		  PC GENERAL CHARITABLE PURPOSES 40,000
    WILD EARTH GUARDIANS
    301 N GUADALUPE ST 201
    SANTA FE,NM87501     		  PC GENERAL CHARITABLE PURPOSES 40,000
    WILD VIRGINIA INC
    108 5TH ST SE
    CHARLOTTESVILLE,VA22902     		  PC GENERAL CHARITABLE PURPOSES 35,000
    WILDLIFE CONSERVATION SOCIETY
    2300 SOUTHERN BOULEVARD
    BRONX,NY10460     		  PC GENERAL CHARITABLE PURPOSES 50,000
    WOODSTOCK LAND CONSERVANCY INC
    PO BOX 864
    WOODSTOCK,NY12498     		  PC GENERAL CHARITABLE PURPOSES 50,000
    WYOMING WILDERNESS ASSOCIATION
    811 N MAIN ST
    SHERIDAN,WY82801     		  PC PROTECT WYOMING PUBLIC LANDS 60,000
    WHITMAN WALKER FOUNDATION INC
    1377 R ST NW
    WASHINGTON,DC20009     		  PC RESEARCH AND GENERAL SUPPORT 25,000
    Total .................................bullet 3a 7,376,250
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 22,314,066  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 23,186,414 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    23,186,414
    (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
    TORTUGA FOUNDATION
     
    Employer identification number

    51-0245279
    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
    TORTUGA FOUNDATION
          		Employer identification number
    51-0245279
    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
    ESTATE OF JOAN TWEEDY
     
    C/O SACKS 600 THIRD AVENUE
     
    NEW YORK, NY10016

    		$ 10,000,000


    (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.)
    (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
    TORTUGA FOUNDATION
          		Employer identification number

    51-0245279
    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
    TORTUGA FOUNDATION
          		Employer identification number

    51-0245279
    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:
    TORTUGA FOUNDATION
    EIN:
    51-0245279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 5,300 5,300   0

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    TORTUGA FOUNDATION
    EIN:
    51-0245279
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADOBE SYSTEMS INC-16119 SHS 4,944,046 9,140,440
    ALIGN TECHNOLOGY INC-14662 SHS 3,900,518 9,635,573
    AMAZON.COM INC-1684 SHS 1,250,375 5,615,029
    AMERICAN TOWER CORPORATION-30517 SHS 4,411,425 8,926,223
    CHIPOTLE MEXICAN GRILL INC CL A-4184 SHS 5,562,131 7,314,678
    CME GROUP INC-34443 SHS 5,065,451 7,868,848
    DANAHER CORP-27228 SHS 6,005,736 8,958,284
    EQUINIX, INC.-8350 SHS 2,851,437 7,062,764
    ESTEE LAUDER COMPANIES CLASS A-22557 SHS 4,517,377 8,350,601
    FACEBOOK INC.-27737 SHS 5,012,568 9,329,340
    IHS MARKIT LTD-1548 SHS 109,264 205,760
    ILLUMINA INC-28865 SHS 8,433,100 10,981,401
    INTUIT-16359 SHS 4,697,335 10,522,436
    INTUITIVE SURGICAL INC-24467 SHS 2,560,905 8,790,993
    MATCH GROUP INC-55834 SHS 8,393,625 7,384,047
    MICROSOFT CORPORATION-27578 SHS 4,646,463 9,275,033
    NETFLIX COM INC-16008 SHS 6,183,814 9,643,860
    NIKE INC CLASS B STOCK-48935 SHS 3,299,440 8,155,996
    NVIDIA CORP-36701 SHS 1,448,063 10,794,131
    PAYPAL HOLDINGS, INC.-54885 SHS 6,495,544 10,350,213
    S & P GLOBAL INC.-18136 SHS 3,597,810 8,558,922
    SNAP INC.-237466 SHS 8,006,055 11,168,026
    VISA INC-CLASS A SHRS-55996 SHS 6,020,202 12,134,893

    TY 2021 LegalFeesSchedule
    Name:
    TORTUGA FOUNDATION
    EIN:
    51-0245279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 119,770 0   0


    TY 2021 OtherExpensesSchedule
    Name:
    TORTUGA FOUNDATION
    EIN:
    51-0245279
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CUSTODY FEE 76,059 76,059   0
    ADMINISTRATIVE 2,330 0   2,330


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    TORTUGA FOUNDATION
    EIN:
    51-0245279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEE 1,382,065 1,382,065   0
    PROGRAM/BOARD CONSULTANTS 296,500 0   296,500


    TY 2021 TaxesSchedule
    Name:
    TORTUGA FOUNDATION
    EIN:
    51-0245279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE 338,825 0   0
    PAYROLL 4,186 0   4,186