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 SANDY HILL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)330 SOUTH STREET SUITE 4
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MORRISTOWN, NJ07960
A Employer identification number

22-2668774
B Telephone number (see instructions)

(973) 290-2333
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$24,000,255J 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) 36,655
2 Check bullet.............
3 Interest on savings and temporary cash investments 252 266  
4 Dividends and interest from securities... 205,510 341,109  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,944,551
b Gross sales price for all assets on line 6a 9,174,931
7 Capital gain net income (from Part IV, line 2)... 4,750,364
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 0 -1,875  
12 Total. Add lines 1 through 11........ 4,186,968 5,089,864  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....   40,622    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 53,268 3,377   156
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 430 0   318
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 53,698 43,999   474
25 Contributions, gifts, grants paid....... 4,209,750 4,209,750
26 Total expenses and disbursements. Add lines 24 and 25 4,263,448 43,999   4,210,224
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -76,480
b Net investment income (if negative, enter -0-) 5,045,865
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............. 952,954 1,180,690 1,180,690
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 15,911,185 Click to see attachment12,456,992 12,456,992
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet777
Less: accumulated depreciation (attach schedule) bullet777      
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,506,277 Click to see attachment10,362,573 10,362,573
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) 25,370,416 24,000,255 24,000,255
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 25,370,416 24,000,255
29 Total net assets or fund balances (see instructions)..... 25,370,416 24,000,255
30 Total liabilities and net assets/fund balances (see instructions). 25,370,416 24,000,255
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
25,370,416
2
Enter amount from Part I, line 27a .....................
2
-76,480
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
25,293,936
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,293,681
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
24,000,255
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 COMPUTERSHARE P   2021-09-23
b BRIDGEWAY BLUE CHIP P 2012-12-24 2021-12-17
c DODGE & COX P 2009-08-10 2021-12-13
d DODGE & COX P 2009-12-23 2021-12-13
e ALIBABA GROUP HLDFG P 2021-03-10 2021-12-14
PERNOD RICARD ORD SHS P 2015-07-14 2021-10-01
ALIBABA GROUP HLDFG P 2021-01-28 2021-12-14
ALIBABA GROUP HLDFG P 2021-01-29 2021-12-14
ANHEUSER BUSCH INBEV SA NV SHS P 2016-09-26 2021-12-15
JP MORGAN CHASE & CO P 2020-03-17 2021-06-08
ALIBABA GROUP HLDFG P 2021-02-26 2021-12-14
ANHEUSER BUSCH INBEV SA NV SHS P 2015-11-05 2021-06-08
ASHTEAD GROUP PLC P 2021-03-17 2021-12-15
HEINEKEN HLDG P 2020-05-21 2021-12-15
PHILIP MORRIS INTL I INC P 2020-08-18 2021-12-14
PERNOD RICARD ORD SHS P 2014-08-26 2021-02-01
MASTERCARD INC CL A P 2011-02-04 2021-02-02
MASTERCARD INC CL A P 2011-02-04 2021-02-04
MASTERCARD INC CL A P 2011-02-07 2021-09-17
JP MORGAN CHASE & CO P 2020-03-12 2021-04-08
PERNOD RICARD ORD SHS P 2015-07-10 2021-10-01
NESTLE SA SPONSORED ADR P 2011-02-04 2021-01-29
BERKSHIRE HATHAWAY P 2011-08-03 2021-01-29
ANHEUSER BUSCH INBEV SA NV SHS P 2018-06-22 2021-12-15
MARTIN MARIETTA MATL S INC COM P 2011-08-02 2021-01-29
ANHEUSER BUSCH INBEV SA NV SHS P 2016-09-26 2021-06-08
ASHTEAD GROUP PLC P 2021-01-29 2021-12-15
ALIBABA GROUP HLDFG P 2021-03-11 2021-12-14
ALIBABA GROUP HLDFG P 2021-07-14 2021-12-14
ANHEUSER BUSCH INBEV SA NV SHS P 2015-11-05 2021-01-29
HEINEKEN HLDG P 2021-11-22 2021-12-15
HEINEKEN HLDG P 2020-05-22 2021-12-15
PHILIP MORRIS INTL I INC P 2013-07-16 2021-10-01
ALIBABA GROUP HLDFG P 2021-03-09 2021-12-14
MASTERCARD INC CL A P 2011-02-04 2021-02-01
JP MORGAN CHASE & CO P 2020-03-17 2021-09-23
PHILIP MORRIS INTL I INC P 2013-07-16 2021-09-23
ALIBABA GROUP HLDFG P 2021-02-05 2021-12-14
ALIBABA GROUP HLDFG P 2021-03-18 2021-12-14
JP MORGAN CHASE & CO P 2020-03-17 2021-10-01
CABLE ONE INC COM P 2020-12-09 2021-12-14
CABLE ONE INC COM P 2021-03-10 2021-12-14
ALIBABA GROUP HLDFG P 2021-04-28 2021-12-14
ALIBABA GROUP HLDFG P 2021-06-01 2021-12-14
MASTERCARD INC CL A P 2011-02-04 2021-02-25
MARTIN MARIETTA MATL S INC COM P 2017-08-02 2021-06-08
CAMPAGNIE FINANCIERE RICHEMONT P 2020-11-30 2021-12-15
PHILIP MORRIS INTL I INC P 2014-06-27 2021-12-14
UNILEVER PLC SPON AD R P 2020-05-21 2021-12-14
PERNOD RICARD ORD SHS P 2014-09-08 2021-02-01
JP MORGAN CHASE & CO P 2020-03-17 2021-12-14
COMCAST CORP CL A P 2020-12-28 2021-12-14
NESTLE SA SPONSORED ADR P 2013-12-27 2021-12-14
JP MORGAN CHASE & CO P 2020-03-17 2021-06-23
HEINEKEN HLDG P 2011-12-19 2021-06-08
HEINEKEN HLDG P 2012-06-28 2021-12-15
MASTERCARD INC CL A P 2011-02-04 2021-03-18
UNILEVER PLC SPON AD R P 2014-10-29 2021-06-08
ALPHABET INC P 2019-09-26 2021-05-12
ANHEUSER BUSCH INBEV SA NV SHS P 2018-05-04 2021-12-15
PERNOD RICARD ORD SHS P 2014-08-31 2021-12-15
ASHTEAD GROUP PLC P 2021-01-05 2021-12-15
MASTERCARD INC CL A P 2011-02-04 2021-04-28
PHILIP MORRIS INTL I INC P 2012-12-17 2021-06-08
UNILEVER PLC SPON AD R P 2014-10-29 2021-10-01
UNILEVER PLC SPON AD R P 2013-12-24 2021-03-10
PERNOD RICARD ORD SHS P 2014-09-08 2021-03-10
ALPHABET INC P 2019-10-28 2021-06-08
UNILEVER PLC SPON AD R P 2020-05-22 2021-12-14
HEINEKEN HLDG P 2011-12-05 2021-06-08
ANHEUSER BUSCH INBEV SA NV SHS P 2017-10-06 2021-12-15
UNILEVER PLC SPON AD R P 2013-12-24 2021-06-08
ALPHABET INC P 2019-12-05 2021-10-01
ALPHABET INC P 2019-12-05 2021-09-23
ALPHABET INC P 2020-06-17 2021-12-14
ALPHABET INC P 2020-01-31 2021-12-14
MASTERCARD INC CL A P 2011-02-04 2021-01-28
MASTERCARD INC CL A P 2011-02-04 2021-03-09
MASTERCARD INC CL A P 2011-02-04 2021-02-11
JP MORGAN CHASE & CO P 2020-03-12 2021-03-15
CORONATION GBL EME MKTS EQUITY CL B P 2015-10-12 2021-08-31
JP MORGAN CHASE & CO P 2020-03-12 2021-06-08
ASHTEAD GROUP PLC P 2021-03-10 2021-12-15
JP MORGAN CHASE & CO P 2020-03-12 2021-05-12
UNILEVER PLC SPON AD R P 2014-10-29 2021-12-14
ALIBABA GROUP HLDFG P 2021-04-08 2021-12-14
CABLE ONE INC COM P 2020-12-22 2021-12-14
CABLE ONE INC COM P 2021-03-17 2021-12-14
CABLE ONE INC COM P 2021-05-21 2021-12-14
CABLE ONE INC COM P 2021-01-20 2021-12-14
UNILEVER PLC SPON AD R P 2016-12-13 2021-12-14
MASTERCARD INC CL A P 2011-02-04 2021-01-04
ASHTEAD GROUP PLC P 2021-01-06 2021-12-15
JP MORGAN CHASE & CO P 2020-03-12 2021-03-16
CIE FINANCIERE RICKE MONT AG ZUG P 2016-07-11 2021-12-15
UNILEVER PLC SPON AD R P 2020-02-05 2021-12-14
PHILIP MORRIS INTL I INC P 2013-07-16 2021-06-08
BERKSHIRE HATHAWAY P 2020-11-16 2021-12-14
BRIDGEWAY BLUE CHIP P 2014-12-17 2021-12-17
ALIBABA GROUP HLDFG P 2021-02-01 2021-12-14
UNILEVER PLC SPON AD R P 2015-10-26 2021-12-14
JP MORGAN CHASE & CO P 2020-03-18 2021-12-14
NESTLE SA SPONSORED ADR P 2013-01-15 2021-12-14
JP MORGAN CHASE & CO P 2020-03-16 2021-06-08
ANHEUSER BUSCH INBEV SA NV SHS P 2018-06-12 2021-12-15
ASHTEAD GROUP PLC P 2021-01-22 2021-12-15
MARTIN MARIETTA MATL S INC COM P 2017-08-14 2021-12-14
PERNOD RICARD ORD SHS P 2015-04-14 2021-06-08
PERNOD RICARD ORD SHS P 2015-04-20 2021-06-08
CIE FINANCIERE RICKE MONT AG ZUG P 2018-08-06 2021-12-15
JP MORGAN CHASE & CO P 2018-03-19 2021-12-14
PHILIP MORRIS INTL I INC P 2015-10-09 2021-12-14
ANHEUSER BUSCH INBEV SA NV SHS P 2015-12-16 2021-06-08
NESTLE SA SPONSORED ADR P 2013-10-28 2021-12-14
MASTERCARD INC CL A P 2011-02-04 2021-04-08
ALPHABET INC P 2019-12-05 2021-06-08
PHILIP MORRIS INTL I INC P 2020-11-10 2021-12-14
PHILIP MORRIS INTL I INC P 2020-11-16 2021-12-14
PHILIP MORRIS INTL I INC P 2013-07-16 2021-12-14
CIE FINANCIERE RICKE MONT AG ZUG P 2016-10-11 2021-12-15
PERNOD RICARD ORD SHS P 2015-07-14 2021-12-15
PHILIP MORRIS INTL I INC P 2020-07-27 2021-12-14
HEINEKEN HLDG P 2017-01-25 2021-12-15
STARBUCKS CORP P 2021-06-11 2021-08-02
MASTERCARD INC CL A P 2011-02-04 2021-01-20
ALPHABET INC P 2020-02-28 2021-12-14
UNILEVER PLC SPON AD R P 2014-01-16 2021-06-08
ANHEUSER BUSCH INBEV SA NV SHS P 2015-11-11 2021-06-08
MASTERCARD INC CL A P 2011-02-04 2021-06-08
SERVICENOW INC P 2021-06-11 2021-07-30
PERNOD RICARD ORD SHS P 2014-09-08 2021-06-08
NESTLE SA SPONSORED ADR P 2015-04-16 2021-12-14
NESTLE SA SPONSORED ADR P 2013-09-16 2021-12-14
UNILEVER PLC SPON AD R P 2014-01-10 2021-06-08
PERNOD RICARD ORD SHS P 2016-06-22 2021-12-15
SPDR SSGE GLOBAL P   2021-12-03
PHILIP MORRIS INTL I INC P 2013-01-15 2021-06-08
CIE FINANCIERE RICKE MONT AG ZUG P 2016-03-18 2021-12-15
CIE FINANCIERE RICKE MONT AG ZUG P 2016-11-18 2021-12-15
CIE FINANCIERE RICKE MONT AG ZUG P 2016-05-26 2021-12-15
ALPHABET INC P 2019-11-15 2021-06-08
ANHEUSER BUSCH INBEV SA NV SHS P 2016-11-18 2021-12-15
ANHEUSER BUSCH INBEV SA NV SHS P 2019-01-14 2021-12-15
BERKSHIRE HATHAWAY P 2020-06-04 2021-12-14
UNILEVER PLC SPON AD R P 2016-12-16 2021-12-14
NESTLE SA SPONSORED ADR P 2014-09-08 2021-12-14
PERNOD RICARD ORD SHS P 2015-10-05 2021-12-15
ZOETIS INC P 2021-06-11 2021-08-06
ALPHABET INC P 2019-12-05 2021-12-14
ALPHABET INC P 2020-02-05 2021-12-14
ALPHABET INC P 2020-04-07 2021-12-14
ALPHABET INC P 2020-05-22 2021-12-14
ALPHABET INC P 2020-01-09 2021-12-14
MARTIN MARIETTA MATL S INC COM P 2017-08-04 2021-12-14
PERNOD RICARD ORD SHS P 2015-07-10 2021-06-08
PERNOD RICARD ORD SHS P 2016-06-08 2021-12-15
NESTLE SA SPONSORED ADR P 2012-11-02 2021-06-08
ADOBE INC P 2021-06-11 2021-09-27
ANHEUSER BUSCH INBEV SA NV SHS P 2015-11-17 2021-06-08
PHILIP MORRIS INTL I INC P 2012-12-13 2021-06-08
VANGUARD P   2021-12-22
UNILEVER PLC SPON AD R P 2016-12-12 2021-12-14
PERNOD RICARD ORD SHS P 2016-04-20 2021-12-15
UNILEVER PLC SPON AD R P 2014-08-26 2021-06-08
HEINEKEN HLDG P 2011-12-19 2021-12-15
ACCENTURE PLC SHS P 2021-06-11 2021-08-06
JP MORGAN CHASE & CO P 2020-03-23 2021-12-14
ALPHABET INC P 2019-12-06 2021-12-14
PHILIP MORRIS INTL I INC P 2015-05-08 2021-12-14
JP MORGAN CHASE & CO P 2020-08-13 2021-12-14
NESTLE SA SPONSORED ADR P 2013-01-15 2021-06-08
ALPHABET INC P 2019-09-26 2021-06-08
PHILIP MORRIS INTL I INC P 2015-04-06 2021-12-14
MARTIN MARIETTA MATL S INC COM P 2011-08-02 2021-06-08
BROWN FORMAN CORP CL A P 2011-02-04 2021-06-08
MARTIN MARIETTA MATL S INC COM P 2017-08-02 2021-12-14
PERNOD RICARD ORD SHS P 2015-02-13 2021-06-08
COMCAST CORP CL A P 2009-09-14 2021-06-08
PHILIP MORRIS INTL I INC P 2011-02-04 2021-06-08
ALPHABET INC P 2020-08-13 2021-12-14
BERKSHIRE HATHAWAY P 2018-01-31 2021-12-14
HEINEKEN HLDG P 2011-02-07 2021-06-08
BERKSHIRE HATHAWAY P 2012-12-13 2021-12-14
CIE FINANCIERE RICKE MONT AG ZUG P 2016-02-01 2021-12-15
BERKSHIRE HATHAWAY P 2020-07-07 2021-12-14
PERNOD RICARD ORD SHS P 2016-05-26 2021-12-15
COMCAST CORP CL A P 2009-09-14 2021-12-14
MASTERCARD INC CL A P 2011-03-09 2021-12-14
HEINEKEN HLDG P 2011-08-24 2021-06-08
CIE FINANCIERE RICKE MONT AG ZUG P 2016-01-27 2021-06-08
JP MORGAN CHASE & CO P 2020-03-13 2021-06-08
MICROSOFT CORP P 2021-06-11 2021-09-27
BROWN FORMAN CORP CL A P 2011-02-04 2021-12-14
NESTLE SA SPONSORED ADR P 2016-12-16 2021-12-14
ALPHABET INC P 2019-10-14 2021-06-08
CIE FINANCIERE RICKE MONT AG ZUG P 2016-02-17 2021-12-15
NESTLE SA SPONSORED ADR P 2013-07-16 2021-12-14
FPA CRESCENT FUND P   2021-06-30
MICROSOFT CORP P 2021-06-11 2021-09-27
META PLATFORMS INC CL A P 2021-06-11 2021-11-09
CIE FINANCIERE RICKE MONT AG ZUG P 2016-02-01 2021-06-08
NESTLE SA SPONSORED ADR P 2017-04-13 2021-12-14
MASTERCARD INC CL A P 2011-03-03 2021-12-14
HEINEKEN HLDG P 2012-06-07 2021-12-15
BERKSHIRE HATHAWAY P 2018-08-06 2021-12-14
MASTERCARD INC CL A P 2011-02-07 2021-12-14
NESTLE SA SPONSORED ADR P 2011-02-04 2021-06-08
BERKSHIRE HATHAWAY P 2011-08-03 2021-12-14
MASTERCARD INC CL A P 2011-02-07 2021-06-08
DODGE & COX P 2010-12-23 2021-12-13
FUTUREFUEL CORP D 2006-07-25 2021-02-03
BRIDGEWAY BLUE CHIP P 2013-12-18 2021-12-17
FUTUREFUEL CORP D 2006-07-25 2021-01-07
DODGE & COX P 2009-12-23 2021-12-13
BERKSHIRE HATHAWAY P 2011-08-03 2021-06-08
FPA CRESCENT FUND P   2021-12-21
SEC 1256 SHORT TERM FROM K-1 P   2021-12-31
BRIDGEWAY BLUE CHIP P 2012-12-24 2021-12-17
BRIDGEWAY BLUE CHIP P   2021-12-16
VULAN VALUE PARNERS FUND CL INSTL P   2021-12-10
FUTUREFUEL CORP D 2006-07-25 2021-02-04
SEC 1256 LONG TERM FROM K-1 P   2021-12-31
FUTUREFUEL CORP D 2008-10-22 2021-02-04
FUTUREFUEL CORP D 2006-07-25 2021-01-25
SHORT TERM G/L FROM K-1 P 2021-01-01 2021-12-31
DODGE & COX P 2010-04-26 2021-12-13
FUTUREFUEL CORP D 2006-07-25 2021-01-20
LONG TERM G/L FROM K-1 P   2021-12-31
FUTUREFUEL CORP D 2006-07-25 2021-01-22
BRIDGEWAY BLUE CHIP P 2012-10-10 2021-06-08
VANGUARD P   2022-12-15
BRIDGEWAY BLUE CHIP P 2012-10-10 2021-12-17
FUTUREFUEL CORP D 2006-07-25 2021-01-20
FUTUREFUEL CORP D 2006-07-25 2021-01-06
FUTUREFUEL CORP D 2006-07-25 2021-01-14
DODGE & COX P 2009-08-10 2021-12-13
(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 10     10
b 17   8 9
c 28   17 11
d 47   30 17
e 377   707 -329
440   241 200
503   1,040 -537
503   1,022 -518
574   1,311 -737
660   372 287
755   1,446 -691
779   1,201 -422
786   596 190
869   775 94
921   791 129
944   580 365
1,005   74 931
1,021   74 947
1,028   75 953
1,084   624 460
1,101   594 507
1,123   543 580
1,143   369 774
1,147   1,984 -837
1,155   283 871
1,168   1,967 -798
1,179   766 413
1,258   2,408 -1,150
1,258   2,118 -860
1,269   2,402 -1,133
1,303   1,319 -16
1,390   1,217 173
1,435   1,353 82
1,510   2,856 -1,346
1,599   124 1,476
1,612   931 681
1,624   1,443 181
1,636   3,449 -1,813
1,636   3,093 -1,457
1,666   931 735
1,707   2,089 -381
1,707   1,835 -128
1,761   3,331 -1,569
1,761   3,075 -1,314
1,783   124 1,659
1,793   1,079 714
1,823     1,823
1,842   1,693 149
1,857   1,697 160
1,889   1,175 714
1,915   1,117 798
1,947   2,046 -99
2,011   1,104 907
2,121   1,303 818
2,138   815 1,322
2,172   1,050 1,122
2,215   148 2,066
2,244   1,423 820
2,244   1,240 1,003
2,294   3,904 -1,610
2,350   1,363 987
2,358   1,452 905
2,374   148 2,226
2,435   2,192 243
2,436   1,731 704
2,465   1,771 694
2,469   1,528 941
2,476   1,293 1,183
2,493   2,253 240
2,545   1,025 1,520
2,581   5,493 -2,911
2,608   1,692 916
2,715   1,327 1,388
2,837   1,327 1,510
2,867   1,449 1,418
2,867   1,436 1,431
2,928   223 2,705
3,030   198 2,832
3,076   223 2,853
3,099   1,783 1,316
3,114   1,663 1,451
3,134   1,694 1,440
3,143   2,327 816
3,304   1,872 1,432
3,342   2,424 919
3,397   6,177 -2,780
3,414   4,486 -1,072
3,414   3,643 -229
3,414   3,545 -131
3,414   4,079 -664
3,448   2,661 787
3,505   247 3,258
3,536   2,237 1,299
3,673   2,139 1,534
3,707   1,434 2,273
3,714   4,165 -451
3,799   3,517 282
3,829   3,025 804
3,859   2,594 1,265
3,900   8,085 -4,185
3,979   3,426 553
3,990   2,166 1,824
4,021   2,007 2,014
4,123   2,257 1,867
4,302   7,336 -3,034
4,322   2,907 1,415
4,333   2,059 2,274
4,389   2,420 1,969
4,389   2,460 1,929
4,449   2,616 1,833
4,469   2,409 2,060
4,604   4,215 389
4,673   7,462 -2,789
4,691   2,571 2,120
4,915   321 4,594
4,951   2,654 2,297
4,973   4,041 932
5,065   4,307 758
5,065   4,960 105
5,190   2,247 2,943
5,404   2,768 2,637
5,525   4,713 812
5,646   4,593 1,053
5,666   5,280 386
5,715   420 5,294
5,734   2,614 3,119
5,761   3,705 2,057
5,841   9,113 -3,272
5,862   396 5,467
5,885   4,933 952
5,925   3,173 2,752
6,702   4,001 2,701
6,702   3,370 3,332
6,974   4,480 2,494
7,049   3,269 3,780
7,067     7,067
7,305   6,677 628
7,414   3,326 4,088
7,414   3,282 4,133
7,414   3,001 4,414
7,427   3,998 3,429
7,457   13,255 -5,798
7,457   9,457 -2,000
7,657   4,972 2,685
7,958   6,010 1,947
8,042   4,605 3,437
8,224   3,737 4,487
8,454   7,576 878
8,600   3,981 4,619
8,600   4,332 4,269
8,600   3,594 5,007
8,600   4,207 4,393
8,600   4,258 4,343
8,666   4,271 4,395
8,778   4,751 4,027
9,399   4,468 4,931
9,483   4,721 4,762
9,670   8,596 1,074
9,735   15,619 -5,884
9,740   8,834 906
10,199     10,199
10,345   7,846 2,499
10,573   5,258 5,315
10,916   7,486 3,430
11,206   5,008 6,198
11,270   9,956 1,314
11,332   5,701 5,631
11,467   5,365 6,102
11,511   10,683 828
11,971   7,665 4,306
12,012   6,357 5,655
12,379   6,201 6,178
12,892   10,985 1,907
12,909   2,551 10,358
12,912   3,147 9,764
12,999   6,472 6,526
13,167   7,148 6,020
13,555   1,979 11,576
13,734   8,256 5,478
14,334   7,602 6,731
14,431   10,498 3,933
14,658   6,469 8,188
14,725   4,468 10,257
14,829   6,516 8,313
15,903   9,810 6,093
16,448   7,734 8,714
16,795   2,845 13,950
17,049   1,248 15,801
17,813   7,094 10,719
18,039   9,016 9,023
18,142   10,671 7,471
18,244   15,920 2,324
18,709   5,036 13,673
18,765   9,866 8,899
19,806   9,766 10,040
20,019   9,113 10,906
20,106   10,199 9,906
20,172     20,172
20,297   17,718 2,579
21,107   20,754 353
21,260   10,751 10,509
23,456   13,310 10,147
23,869   1,747 22,121
28,232   13,261 14,971
32,690   22,908 9,781
33,075   2,429 30,646
34,771   14,942 19,829
38,875   9,737 29,138
43,969   3,005 40,964
49,913   37,562 12,351
56,096   31,416 24,680
58,680   36,019 22,661
68,954   39,096 29,858
69,795   46,436 23,359
79,316   20,285 59,031
85,310     85,310
89,582     89,582
92,609   46,139 46,470
104,307     104,307
113,801     113,801
127,276   71,400 55,876
134,373     134,373
140,823   59,250 81,573
200,075   111,400 88,675
202,083     202,083
348,317   249,993 98,324
358,304   200,000 158,304
379,775     379,775
499,138   280,000 219,138
499,752   273,243 226,509
500,000   495,784 4,216
589,532   304,275 285,257
694,810   387,832 306,978
940,931   524,984 415,947
996,461   562,200 434,261
1,031,896   634,075 397,821
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       10
b       9
c       11
d       17
e       -329
      200
      -537
      -518
      -737
      287
      -691
      -422
      190
      94
      129
      365
      931
      947
      953
      460
      507
      580
      774
      -837
      871
      -798
      413
      -1,150
      -860
      -1,133
      -16
      173
      82
      -1,346
      1,476
      681
      181
      -1,813
      -1,457
      735
      -381
      -128
      -1,569
      -1,314
      1,659
      714
      1,823
      149
      160
      714
      798
      -99
      907
      818
      1,322
      1,122
      2,066
      820
      1,003
      -1,610
      987
      905
      2,226
      243
      704
      694
      941
      1,183
      240
      1,520
      -2,911
      916
      1,388
      1,510
      1,418
      1,431
      2,705
      2,832
      2,853
      1,316
      1,451
      1,440
      816
      1,432
      919
      -2,780
      -1,072
      -229
      -131
      -664
      787
      3,258
      1,299
      1,534
      2,273
      -451
      282
      804
      1,265
      -4,185
      553
      1,824
      2,014
      1,867
      -3,034
      1,415
      2,274
      1,969
      1,929
      1,833
      2,060
      389
      -2,789
      2,120
      4,594
      2,297
      932
      758
      105
      2,943
      2,637
      812
      1,053
      386
      5,294
      3,119
      2,057
      -3,272
      5,467
      952
      2,752
      2,701
      3,332
      2,494
      3,780
      7,067
      628
      4,088
      4,133
      4,414
      3,429
      -5,798
      -2,000
      2,685
      1,947
      3,437
      4,487
      878
      4,619
      4,269
      5,007
      4,393
      4,343
      4,395
      4,027
      4,931
      4,762
      1,074
      -5,884
      906
      10,199
      2,499
      5,315
      3,430
      6,198
      1,314
      5,631
      6,102
      828
      4,306
      5,655
      6,178
      1,907
      10,358
      9,764
      6,526
      6,020
      11,576
      5,478
      6,731
      3,933
      8,188
      10,257
      8,313
      6,093
      8,714
      13,950
      15,801
      10,719
      9,023
      7,471
      2,324
      13,673
      8,899
      10,040
      10,906
      9,906
      20,172
      2,579
      353
      10,509
      10,147
      22,121
      14,971
      9,781
      30,646
      19,829
      29,138
      40,964
      12,351
      24,680
      22,661
      29,858
      23,359
      59,031
      85,310
      89,582
      46,470
      104,307
      113,801
      55,876
      134,373
      81,573
      88,675
      202,083
      98,324
      158,304
      379,775
      219,138
      226,509
      4,216
      285,257
      306,978
      415,947
      434,261
      397,821
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 4,750,364
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 70,138
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 70,138
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 39,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 65,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 104,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 872
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 32,990
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet32,990 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, NJ
    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 ofbulletTHE SANDY HILL FOUNDATION Telephone no.bullet (973) 290-2333

    Located atbullet330 SOUTH STREET-SUITE 4MORRISTOWNNJ ZIP+4bullet07960
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JOSEPH WALSH PRESIDENT
    2.00     		0 0 0
    330 SOUTH STREET SUITE 4
    MORRISTOWN,NJ07960
    FRANK E WALSH JR CHAIRMAN
    10.00     		0 0 0
    3392 BARROW ISLAND ROAD
    JUPITER,FL33477
    JEFFREY R WALSH TREASURER/SECRETARY
    5.00     		0 0 0
    330 SOUTH STREET SUITE 4
    MORRISTOWN,NJ07960
    MARY D WALSH VICE PRESIDENT
    0.00     		0 0 0
    3392 BARROW ISLAND ROAD
    JUPITER,FL33477
    MEGHAN WALSH CIOFFI VICE PRESIDENT
    0.00     		0 0 0
    330 SOUTH STREET SUITE 4
    MORRISTOWN,NJ07960
    FRANK E WALSH III VICE PRESIDENT
    5.00     		0 0 0
    330 SOUTH STREET SUITE 4
    MORRISTOWN,NJ07960
    ROBERT F CIOFFI VICE PRESIDENT
    5.00     		0 0 0
    330 SOUTH STREET SUITE 4
    MORRISTOWN,NJ07960
    KAREN R WALSH VICE PRESIDENT
    0.00     		0 0 0
    330 SOUTH STREET SUITE 4
    MORRISTOWN,NJ07960
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    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
    14,966,543
    b
    Average of monthly cash balances.......................
    1b
    1,940,947
    c
    Fair market value of all other assets (see instructions)................
    1c
    8,421,763
    d
    Total (add lines 1a, b, and c).........................
    1d
    25,329,253
    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
    25,329,253
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    379,939
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    24,949,314
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,247,466
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    1,247,466
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    70,138
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    70,138
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,177,328
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,177,328
    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
    1,177,328
    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 1,177,328
    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...... 1,270,456
    b From 2017...... 3,570,864
    c From 2018...... 2,997,696
    d From 2019...... 3,284,099
    e From 2020...... 3,297,716
    f Total of lines 3a through e ........ 14,420,831
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 4,210,224
    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..... 1,177,328
    e Remaining amount distributed out of corpus 3,032,896
    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 17,453,727
    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) ...     		1,270,456
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		16,183,271
    10 Analysis of line 9:
    a Excess from 2017.... 3,570,864
    b Excess from 2018.... 2,997,696
    c Excess from 2019.... 3,284,099
    d Excess from 2020.... 3,297,716
    e Excess from 2021.... 3,032,896
    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).)
    FRANK E WALSH JR
    MARY D WALSH
    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.
    FRANK E WALSH JR
    MARY D WALSH
    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
    ORDER OF MALTA PILGRIMMAGE FOUNDATION
    1011 FIRST AVENUE SUITE 1350L
    NEW YORK,NY100224112     		  PC GENERAL FUND 1,750
    PALM BEACH DRAMA WORKS
    201 CLEMATIS STREET
    WEST PALM BEACH,FL33401     		  PC GENERAL FUND 20,000
    OVERLOOK HOSPITAL FOUNDATION
    46-48 BEAUVOIR AVENUE
    SUMMIT,NJ07901     		  PC GENERAL FUND 225,000
    OPERATION SMILE INC
    3641 FACULTY BLVD
    VIRGINIA BEACH,VA23453     		  PC GENERAL FUND 5,000
    OCEAN MEDICAL CENTER FOUNDATION
    425 JACK MARTIN BLVD
    BRICK,NJ08724     		  PC GENERAL FUND 110,000
    NOURISH NEW JERSEY
    36 SUSSEX AVENUE
    MORRISTOWN,NJ07960     		  PC GENERAL FUND 10,000
    NATIONAL MEDICAL FELLOWSHIPS
    347 FIFTH AVENUE SUITE 510
    NEW YORK,NY10016     		  PC GENERAL FUND 5,000
    NEW COMMUNITY COPORATION
    233 WEST MARKET STREET
    NEWARK,NJ07103     		  PC GENERAL FUND 5,000
    NATIONAL DOWN SYNDROME SOCIETY
    666 BROADWAY
    NEW YORK,NY100122317     		  PC GENERAL FUND 25,000
    NATIONAL ABILITY CENTER
    1000 ABILITY WAY
    PARK CITY,UT84060     		  PC GENERAL FUND 25,000
    MY CLINIC INC
    411 W INDIANTOWN ROAD
    JUPITER,FL33458     		  PC GENERAL FUND 5,000
    MARKET STREET MISSION
    9 MARKET STREET
    MORRISTOWN,NJ07960     		  PC GENERAL FUND 5,000
    MALTZ JUPITER THEATRE
    1001 EAST INDIANTOWN ROAD
    JUPITER,FL33477     		  PC GENERAL FUND 5,000
    LEHIGH UNIVERSITY
    306 S NEW STREET SUITE 500
    BETHLEHEM,PA180151652     		  PC GENERAL FUND 23,500
    LIVEGIRL
    27 ELM STREET
    NEW CANAAN,CT06840     		  PC GENERAL FUND 10,000
    LITTLE SISTERS OF THE POOR
    140 SHEPHERD LANE
    TOTOWA,NJ07512     		  PC GENERAL FUND 25,000
    KRAVIS CENTER FOR PERFORMING ARTS
    701 OKEECHOBEE BLVD
    WEST PALM BEACH,FL33401     		  PC GENERAL FUND 2,000
    JUPITER MEDICAL CENTER FOUNDATION
    1210 SOUTH OLD DIXIE HIGHWAY
    JUPITER,FL33458     		  PC GENERAL FUND 1,025,000
    INTEGRITY HOUSE
    103 LINCOLN PARK PO BOX 510
    NEWARK,NJ07101     		  PC GENERAL FUND 25,000
    IMMACULATA UNIVERSITY
    1145 KING ROAD PO BOX 733
    IMMACULATA,PA193450733     		  PC GENERAL FUND 30,000
    HOLIDAY EXPRESS
    151 INDUSTRIAL WAY EAST BLDG A
    SUITE A4
    EATONTOWN,NJ07724     		  PC GENERAL FUND 5,000
    HABITAT FOR HUMANITY PALM BEACH
    6758 NORTH MILITARY TRAIL SUITE 301
    WEST PALM BEACH,FL33407     		  PC GENERAL FUND 5,000
    HILLSDALE COLLEGE
    33 EAST COLLEGE STREET
    HILLSDALE,MI49242     		  PC GENERAL FUND 10,000
    GUATAMALA TOMORROW FUND
    PO BOX 3636
    TEQUESTA,FL33469     		  PC GENERAL FUND 5,000
    GREATER NEWARK FRESH AIR FUND
    43 HILL STREET NEWARK DAY CENTER
    NEWARK,NJ07102     		  PC GENERAL FUND 1,000
    FUNSEPA US
    1062 SANBORN AVENUE
    LOS ANGELES,CA90029     		  PC GENERAL FUND 20,000
    FORGOTTEN SOLDIERS OUTREACH
    3550 23RD AVENUE SOUTH SUITE 7
    LAKE WORTH,FL33461     		  PC GENERAL FUND 5,000
    FEEDING SOUTH FLORIDA
    SENECA INDUSTRIAL PARK 2501 SW 32ND
    TERRACE
    PEMBROKE PARK,FL33023     		  PC GENERAL FUND 10,000
    RENEW INTERNATIONAL
    1232 GEORGE STREET
    PLAINFIELD,NJ070621717     		  PC GENERAL FUND 25,000
    FREEDOM HOUSE
    2004 STATE ROUTE 31 SUITE 9
    CLINTON,NJ08809     		  PC GENERAL FUND 10,000
    SISTERS OF CHARITY OF ST ELIZABETH
    PO BOX 476
    COVENT STATION,NJ079610476     		  PC GENERAL FUND 5,000
    ST JOHNS SOUP KITCHEN
    22 MULBERRY STREET
    NEWARK,NJ071025202     		  PC GENERAL FUND 10,000
    POPE JOHN XXIII REGIONAL HIGH SCHOOL
    28 ANDOVER ROAD
    SPARTA,NJ07871     		  PC GENERAL FUND 5,000
    OUR LADY OF THE LAKE PARISH
    294 S SPARTA AVENUE
    SPARTA,NJ07871     		  PC GENERAL FUND 5,000
    CANCER HOPE NETWORK
    2 NORTH ROAD
    CHESTER,NJ07930     		  PC GENERAL FUND 1,000
    COMMUNITY FOUNDATION
    3 KNOX HILL ROAD
    MORRISTOWN,NJ07963     		  PC GENERAL FUND 500,000
    STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION
    PO BOX 96231
    WASHINGTON,DC200906231     		  PC GENERAL FUND 5,000
    SAMARITAN'S PURSE
    PO BOX 3000
    BOONE,NC28607     		  PC GENERAL FUND 5,000
    ROXBURY ARTS ALLIANCE INC
    9 SUMMIT LANE
    SUCCASUNNA,NJ07876     		  PC GENERAL FUND 5,000
    ROWAN UNIVERSITY FOUNDATION
    201 MULLICA HILL ROAD
    GLASSBORO,NJ08028     		  PC GENERAL FUND 6,000
    LEUKEMIA & LYMPHOMA SOCIETY
    3 INTERNATIONAL DRIVE
    RYE BROOK,NY10573     		  PC GENERAL FUND 10,000
    KALEIDOSCOPE OF HOPE FOUNDATION
    PO BOX 1124
    MADISON,NJ07940     		  PC GENERAL FUND 5,000
    INTERNATIONAL MYELOMA FOUNDATION
    12650 RIVERSIDE DRIVE NO 206
    NORTH HOLLYWOOD,CA916073466     		  PC GENERAL FUND 5,000
    HOUSTON FOOD BANK
    535 PORTWALL STREET
    HOUSTON,TX77029     		  PC GENERAL FUND 5,000
    FAITH CENTER FOR THE ARTS
    PO BOX 713
    WHARTON,NJ07885     		  PC GENERAL FUND 5,000
    CHILDREN'S MIRACLE HOSPITAL NETWORK
    205 WEST 700 SOUTH
    SALT LAKE CITY,UT84101     		  PC GENERAL FUND 5,000
    AMERICAN CANCER SOCIETY
    PO BOX 2306
    HAZLETON,PA18201     		  PC GENERAL FUND 4,000
    ST JUDE'S CHILDREN'S RESEARCH HOSPITAL
    PO BOX 1893
    MEMPHIS,TN381019950     		  PC GENERAL FUND 5,000
    ST BRIGID CHURCH
    PO BOX 33
    PEAPACK,NJ07977     		  PC GENERAL FUND 5,000
    SHRINERS CHILDREN'S HOSPITAL
    2900 ROCKY POINT DRIVE
    TAMPA,FL33607     		  PC GENERAL FUND 5,000
    ALS FOUNDATION
    PO BOX 37022
    BOONE,IA500370022     		  PC GENERAL FUND 5,000
    COVENANT HOUSE NEW JERSEY
    330 WASHINGTON STREET
    NEWARK,NJ07102     		  PC GENERAL FUND 235,000
    WOUNDED VETERANS RELIEF FUND
    300 PROSPERITY FARMS ROAD
    NORTH PALM BEACH,FL33408     		  PC GENERAL FUND 25,000
    UNITED WAY OF PALM BEACH COUNTY
    2600 QUATUM BLVD
    BOYNTON BEACH,FL33426     		  PC GENERAL FUND 25,000
    UNIVERSITY OF VERMONT FOUNDATION
    411 MAIN STREET
    BURLINGTON,VT05401     		  PC GENERAL FUND 10,000
    US OLYMPIC COMMITTEE
    1 OLYMPIC PLAZA
    COLORADO SPRINGS,CO80909     		  PC GENERAL FUND 5,000
    UNITED NEGRO COLLEGE FUND
    60 PARK PLACE SUITE 406
    NEWARK,NJ07102     		  PC GENERAL FUND 5,000
    TEAM WALKER
    373 COMMUNIPAW AVENUE
    JERSEY CITY,NJ07304     		  PC GENERAL FUND 50,000
    ST VINCENT DE PAUL SOCIETY
    1701 INDIAN CREEK PARKWAY
    JUPITER,FL33458     		  PC GENERAL FUND 10,000
    SPECIAL OLYMPICS OF FLORIDA
    1915 DON WICKHAM DRIVE
    CLERMONT,FL34711     		  PC GENERAL FUND 5,000
    FRANCISCAN CHARITIES
    355 SOUTH 6TH STREET
    NEWARK,NJ07103     		  PC GENERAL FUND 25,000
    FOUNDATION FOR MORRISTOWN MEDICAL CENTER
    475 SOUTH STREET
    MORRISTOWN,NJ07962     		  PC GENERAL FUND 225,000
    FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC
    5353 PARKSIDE DRIVE
    JUPITER,FL33458     		  PC GENERAL FUND 50,000
    OPPORTUNITY PROJECT INC
    60 EAST WILLOW STREET
    MILBURN,NJ07041     		  PC GENERAL FUND 5,000
    COVENANT HOUSE NEW JERSEY
    330 WASHINGTON STREET
    NEWARK,NJ07102     		  PC GENERAL FUND 10,000
    PALM BEACH DRAMA WORKS
    201 CLEMATIS STREET
    WEST PALM BEACH,FL33401     		  PC GENERAL FUND 10,000
    LIFE CAMP
    53 MAPLE AVENUE
    MORRISTOWN,NJ07960     		  PC GENERAL FUND 5,000
    JUPITER MEDICAL CENTER FOUNDATION
    1210 SOUTH OLD DIXIE HIGHWAY
    JUPITER,FL33458     		  PC GENERAL FUND 10,000
    DIOCESE OF TRENTON
    701 LAWRENCEVILLE RAOD PO BOX 5147
    TRETON,NJ086380147     		  PC GENERAL FUND 5,000
    SETON HALL UNIVERSITY
    120 NORTHFIELD AVENUE
    WEST ORANGE,NJ070524794     		  PC GENERAL FUND 100,000
    COVENANT HOUSE NEW JERSEY
    330 WASHINGTON STREET
    NEWARK,NJ07102     		  PC GENERAL FUND 10,000
    CALDWELL UNIVERSITY
    9 RYERSON AVENUE
    CALDWELL,NJ07006     		  PC GENERAL FUND 3,000
    MICHAEL J FOX FOUNDATION FOR PARKINSON'S RESEARCH
    GRAND CENTRAL STATION PO BOX 4777
    NEW YORK,NY10163     		  PC GENERAL FUND 10,000
    CATHOLIC CHARITIES DIOCESE OF PATERSON
    777 VALLEY ROAD
    CLIFTON,NJ07013     		  PC GENERAL FUND 10,000
    MANHATTAN INSTITUE FORPOLICY RESEARCH
    52 VANDERBILT AVENUE
    NEW YORK,NY10017     		  PC GENERAL FUND 10,000
    TAX FOUNDATION
    1325 G STREET NW SUITE 950
    WASHINGTON,DC20005     		  PC GENERAL FUND 10,000
    ST BENEDICT'S PREPARATORY SCHOOL
    520 DR MARTIN LUTHER KING JR
    BOULEVARD
    NEWARK,NJ07102     		  PC GENERAL FUND 150,000
    GOOD GRIEF
    38 ELM STREET
    MORRISTOWN,NJ07960     		  PC GENERAL FUND 10,000
    THE BANNER LAKE CLUB INC
    12212 SE LANTANA AVENUE
    HOBE SOUND,FL33455     		  PC GENERAL FUND 10,000
    HOGAR MARIA FOUNDATION INC
    PO BOX 3563
    TEQUESTA,FL33469     		  PC GENERAL FUND 1,000
    COVENANT HOUSE NEW JERSEY
    330 WASHINGTON STREET
    NEWARK,NJ07102     		  PC GENERAL FUND 15,000
    SETON HALL PREP
    120 NORTHFIELD AVENUE
    WEST ORANGE,NJ070524794     		  PC GENERAL FUND 100,000
    OUR LADY OF FLORIDA SPITURAL CENTER
    1300 US HIGHWAY ONE
    NORTH PALM BEACH,FL334083294     		  PC GENERAL FUND 10,000
    EVA'S VILLAGE INC
    393 MAIN STREET
    PATERSON,NJ07501     		  PC GENERAL FUND 7,500
    ST BENEDICT'S PREPARATORY SCHOOL
    520 DR MARTIN LUTHER KING JR
    BOULEVARD
    NEWARK,NJ07102     		  PC GENERAL FUND 100,000
    PALM BEACH HARVEST
    4601 S FLAGLER DRIVE
    WEST PALM BEACH,FL33405     		  PC GENERAL FUND 10,000
    THE KENNEDY CENTER
    2700 F STREET NW
    WASHINGTON,DC20566     		  PC GENERAL FUND 38,500
    CAROLYN'S MISSION INC
    15645 118TH TER N
    JUPITER,FL33478     		  PC GENERAL FUND 5,000
    BOYS & GIRLS CLUB OF NEWARK
    1 AVON AVENUE
    NEWARK,NJ07108     		  PC GENERAL FUND 25,000
    DIOCESE OF PALM BEACH
    PO BOX 9995 NORTH MILITARY TRAIL
    PALM BEACH GARDENS,FL334109650     		  PC GENERAL FUND 5,000
    POINTS OF LIGHT
    600 MEANS STREET NW SUITE 210
    ATLANTA,GA30318     		  PC GENERAL FUND 2,500
    BOYS & GIRLS CLUB OF NEWARK
    1 AVON AVENUE
    NEWARK,NJ07108     		  PC GENERAL FUND 10,000
    EMPLOYMENT HORIZONS INC
    10 RIDGEDALE AVENUE
    CEDAR KNOLLS,NJ07927     		  PC GENERAL FUND 10,000
    FOOD FOR THE POOR INC
    6401 LYONS ROAD
    COCONUT CREEK,FL33073     		  PC GENERAL FUND 10,000
    FAIR SHARE HOUSING DEVELOPMENT
    ONE ETHEL LAWRENCE BOULEVARD
    MOUNT LAUREL,NJ08054     		  PC GENERAL FUND 25,000
    EVA'S VILLAGE INC
    393 MAIN STREET
    PATERSON,NJ07501     		  PC GENERAL FUND 50,000
    EL SOL
    106 MILTARY TRAIL
    JUPITER,FL33458     		  PC GENERAL FUND 50,000
    DIOCESE OF PATERSON
    777 VALLEY ROAD
    CLIFTON,NJ07013     		  PC GENERAL FUND 10,000
    CUMAC
    PO BOX 2721
    PATERSON,NJ075092721     		  PC GENERAL FUND 10,000
    CENTER FOR FAMILY SERVICES
    4101 PARKER AVENUE
    WEST PALM BEACH,FL33405     		  PC GENERAL FUND 5,000
    CROHN'S & COLITIS FOUNDATION OF AMERICA
    733 3RD AVENUE SUITE 510
    NEW YORK,NY10017     		  PC GENERAL FUND 1,000
    COLUMBIA UNIVERSITY MEDICAL CENTER
    635 WEST 165TH STREET
    NEW YORK,NY10032     		  PC GENERAL FUND 20,000
    COMMUNITY FOOD BANK
    31 EVANS TERMINAL
    HILLSIDE,NJ07205     		  PC GENERAL FUND 10,000
    CLEVELAND CLINIC
    9500 EUCLID AVENUE/H18
    CLEVELAND,OH44195     		  PC GENERAL FUND 50,000
    CATHOLIC CHARITIES DIOCESE OF PATERSON
    777 VALLEY ROAD
    CLIFTON,NJ07013     		  PC GENERAL FUND 100,000
    CASA
    212 WASHINGTON STREET ROOM 912
    NEWARK,NJ07102     		  PC GENERAL FUND 5,000
    CARE
    151 ELLIS STREET NE
    ATLANTA,GA30303     		  PC GENERAL FUND 5,000
    PROJECT SELF SUFFICIENCY
    127 MILL STREET
    NEWTON,NJ07860     		  PC GENERAL FUND 5,000
    BLOSSOM HILL FOUNDATION
    PO BOX 143
    NEW CANAAN,CT06840     		  PC GENERAL FUND 5,000
    ARCHDIOCESE OF NEWARK
    171 CLIFTON AVENUE PO BOX 9500
    NEWARK,NJ071040500     		  PC GENERAL FUND 10,000
    THE ARC OF THE GLADES
    4250 NW 16TH STREET
    BELLE GLADE,FL33430     		  PC GENERAL FUND 10,000
    AMERICARES
    88 HAMILTON AVENUE
    STAMFORD,CT06902     		  PC GENERAL FUND 25,000
    ADORER MISSIONARY SISTERS OF THE POOR INC
    1701 INDIAN CREEK PARKWAY
    JUPITER,FL33458     		  PC GENERAL FUND 50,000
    OPERATION HOLIDAY
    403 WELSH PLACE
    MORRIS PLAINS,NJ07950     		  PC GENERAL FUND 10,000
    THE SCHOLARSHIP FUND FOR INNER-CITY CHILDREN
    171 CLIFTON AVENUE
    NEWARK,NJ07104     		  PC GENERAL FUND 10,000
    JUNIOR ACHIEVEMENT OF PALM BEACH
    6903 VISTA PARKWAY NORTH SUITE 10
    WEST PALM BEACH,FL334112728     		  PC GENERAL FUND 5,000
    THE BUONICONTI FUND TO CURE PARALYSIS
    1095 NW 14TH TERRACE
    MIAMI,FL33136     		  PC GENERAL FUND 15,000
    HUDSON CATHOLIC HIGH SCHOOL
    790 BERGEN AVENUE
    JERSEY CITY,NJ07306     		  PC GENERAL FUND 5,000
    MATTHEW C SELLITTO FOUNDATION
    PO BOX 1
    NEW VERNON,NJ07976     		  PC GENERAL FUND 1,000
    JL CARES
    16823 CAPTAIN KIRLE DRIVE
    JUPITER,FL33477     		  PC GENERAL FUND 1,000
    TRI-COUNTY SCHOLARSHIP FUND
    FOUR CENTURY DRIVE
    PARSIPPANY,NJ07054     		  PC GENERAL FUND 25,000
    STAR INC
    182 WOLFPIT AVENUE
    NORWALK,CT06851     		  PC GENERAL FUND 5,000
    AVIDD COMMUNITY SERVICES
    92 BROADWAY SUITE 101
    DENVILLE,NJ07834     		  PC GENERAL FUND 5,000
    REV CHARLES C CASSIDY PAROCHIAL SCHOOL
    2 STONEBRIDGE ROAD
    SPARTA,NJ07871     		  PC GENERAL FUND 5,000
    Total .................................bullet 3a 4,209,750
    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 ...........     		    14 252  
    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 3,944,551  
    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 4,150,313 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,150,313
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


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

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

    22-2668774
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    THE SANDY HILL FOUNDATION
          		Employer identification number
    22-2668774
    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
    FRANK E AND MARY D WALSH
    3392 BARROW ISLAND ROAD
     
    JUPITER, FL33477

    		$ 36,655


    (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
    THE SANDY HILL FOUNDATION
          		Employer identification number

    22-2668774
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    THE SANDY HILL FOUNDATION
          		Employer identification number

    22-2668774
    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 InvestmentsCorpStockSchedule
    Name:
    THE SANDY HILL FOUNDATION
    EIN:
    22-2668774
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 61,503 61,503
    ACCENTURE PLC 50,575 50,575
    ADOBE INC. 62,377 62,377
    AIRBNB INC. 32,299 32,299
    ALIGN TECH INC. 20,373 20,373
    ALPHABET INC. - CL C 89,701 89,701
    ALPHABET INC. - CL A 31,867 31,867
    AMAZON 96,696 96,696
    AUTODESK 37,679 37,679
    DOCUSIGN 6,702 6,702
    GARTNER 33,766 33,766
    ILLUMINA 20,544 20,544
    INTUITIVE SURGICAL 24,792 24,792
    MASTERCARD 56,054 56,054
    META PLATFORMS INC. 68,952 68,952
    MICROSOFT 63,564 63,564
    MSCI INC 18,381 18,381
    NETFLIX 31,327 31,327
    NIKE INC 24,834 24,834
    PAYPAL HOLDINGS INC. 24,704 24,704
    SLAESFORCE 52,351 52,351
    SERVICENOW 41,543 41,543
    STARBUCKS 28,892 28,892
    UNITED HEALTH GROUP 38,665 38,665
    VISA 43,775 43,775
    ZOETIS INC. 49,294 49,294
    CORONATION GLOBAL EMERGING MARKETS 1,197,446 1,197,446
    BRIDGEWAY ULTRA LARGE 35 INDEX 649,704 649,704
    DODGE & COX INTERNATIONAL STOCK FUND 454,126 454,126
    FPA CRESCENT FUND 1,017,433 1,017,433
    SPDR SSGA GLOBAL 965,233 965,233
    VANGUARD 500 INDEX FUND 1,490,674 1,490,674
    VULCAN VALUE PARTNERS 1,636,187 1,636,187
    VANGUARD SHORT TERM BOND FUND 3,934,979 3,934,979

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE SANDY HILL FOUNDATION
    EIN:
    22-2668774
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GQG PARTNERS GLOBAL EQ FUND FMV 3,014,162 3,014,162
    LINDSELL TRAIN GLOBAL EQUITY LLC FMV 1,982,680 1,982,680
    MATRIX CAPITAL MGMT FUND (OFFSHORE) FMV 1,297,161 1,297,161
    PARAMETRIC DEFENSIVE EQUITY FUND FMV 4,068,570 4,068,570

    TY 2021 OtherDecreasesSchedule
    Name:
    THE SANDY HILL FOUNDATION
    EIN:
    22-2668774
    Description Amount
    UNREALIZED GAIN/LOSS ON INVESTMENTS 1,293,681


    TY 2021 OtherExpensesSchedule
    Name:
    THE SANDY HILL FOUNDATION
    EIN:
    22-2668774
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER FEES 318 0   318
    PENALTY 112 0   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THE SANDY HILL FOUNDATION
    EIN:
    22-2668774
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME   -1,875  


    TY 2021 TaxesSchedule
    Name:
    THE SANDY HILL FOUNDATION
    EIN:
    22-2668774
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEE 156 0   156
    FOREIGN WITHHOLDING TAX 2,112 3,377   0
    FEDERAL EXCISE TAX 51,000 0   0