TY 2021 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	9,515,354
2	Check .............
3	Interest on savings and temporary cash investments	110,567	110,567	110,567
4	Dividends and interest from securities...	158,124	158,124	158,124
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		6,325,551
b	Gross sales price for all assets on line 6a 6,351,764
7	Capital gain net income (from Part IV, line 2)...		6,325,551
8	Net short-term capital gain.........			25,120
9	Income modifications...........
10a	Gross sales less returns and allowances	1,052
b	Less: Cost of goods sold....	33,219
c	Gross profit or (loss) (attach schedule).....		-32,167		-32,167
11	Other income (attach schedule).......		3,731,028	189,835	3,731,028
12	Total. Add lines 1 through 11........	19,808,457	6,784,077	3,992,672
	13	Compensation of officers, directors, trustees, etc.	140,817	0	41,935	98,882
14	Other employee salaries and wages......	4,814,069	0	1,433,488	3,380,581
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		49,581	0	7,283	42,298
b	Accounting fees (attach schedule).......		88,153	0	4,467	83,686
c	Other professional fees (attach schedule)....		994,670	0	59,600	935,070
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		104,060	0	4,032	100,028
19	Depreciation (attach schedule) and depletion...		4,128,024	0	1,229,204
20	Occupancy..............	27,026	0	8,048	18,978
21	Travel, conferences, and meetings.......	101,115	0	19,463	81,652
22	Printing and publications..........
23	Other expenses (attach schedule).......		4,419,452	312,248	1,185,157	2,130,857
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	14,866,967	312,248	3,992,677	6,872,032
25	Contributions, gifts, grants paid.......	4,000,000			4,000,000
26	Total expenses and disbursements. Add lines 24 and 25	18,866,967	312,248	3,992,677	10,872,032
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	941,490
b	Net investment income (if negative, enter -0-)		6,471,829
c	Adjusted net income (if negative, enter -0-)...			0

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	30,454,410	34,171,263	34,171,263
	3	Accounts receivable 179,375
		Less: allowance for doubtful accounts	113,865	179,375	179,375
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............	219,228	203,997	203,997
	9	Prepaid expenses and deferred charges..........	149,971	83,974	83,974
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	6,416,193	7,599,027	7,599,027
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	25,783,955	42,550,865	42,550,865
	14	Land, buildings, and equipment: basis 138,750,947
		Less: accumulated depreciation (attach schedule) 18,635,760	123,104,929	120,115,187	120,115,187
	15	Other assets (describe )	987,648	1,749,799	1,749,799
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	187,230,199	206,653,487	206,653,487
	17	Accounts payable and accrued expenses..........	220,004	183,209
	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 )	3,005,868	2,028,619
	23	Total liabilities (add lines 17 through 22).........	3,225,872	2,211,828
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	183,591,717	204,373,408
	25	Net assets with donor restrictions............	412,610	68,251
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	184,004,327	204,441,659
	30	Total liabilities and net assets/fund balances (see instructions).	187,230,199	206,653,487

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

184,004,327

Enter amount from Part I, line 27a .....................

941,490

Other increases not included in line 2 (itemize) bullet

20,349,597

Add lines 1, 2, and 3 ..........................

205,295,414

Decreases not included in line 2 (itemize) bullet

853,755

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

204,441,659

(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 - FROM PMA 301188	P	2021-01-01	2021-12-31
b	PUBLICLY TRADED SECURITIES - FROM PMA 301188	P	2020-01-01	2021-12-31
c	CAPITAL GAINS DISTRIBUTION	P	2020-01-01	2021-12-31
d	PASSTHROUGH FROM LEGACY VENTURES VI	P	2021-01-01	2021-12-31
e	PASSTHROUGH FROM LEGACY VENTURES VI	P	2020-01-01	2021-12-31
	PASSTHROUGH FROM SILVER LAKE WATERMAN FUND	P	2021-01-01	2021-12-31
	PASSTHROUGH FROM SILVER LAKE WATERMAN FUND	P	2020-01-01	2021-12-31
	PASSTHROUGH FROM BLUE NOTE VENTURES LP	P	2020-01-01	2021-12-31
	PASSTHROUGH FROM SILVER LAKE WATERMAN FUND II	P	2021-01-01	2021-12-31
	PASSTHROUGH FROM SILVER LAKE WATERMAN FUND II	P	2020-01-01	2021-12-31
	PASSTHROUGH FROM LEGACY VENTURES IX	P	2021-01-01	2021-12-31
	PASSTHROUGH FROM LEGACY VENTURES IX	P	2020-01-01	2021-12-31

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	5,212	5,834	-622
b	37,134	20,282	16,852
c	9,762		9,762
d	1,353		1,353
e	929,463		929,463
		97	-97
	690		690
	4,693,048		4,693,048
	4,434		4,434
	623,517		623,517
	20,052		20,052
	27,099		27,099

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			-622
b			16,852
c			9,762
d			1,353
e			929,463
			-97
			690
			4,693,048
			4,434
			623,517
			20,052
			27,099

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	6,325,551
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 ...................		3	25,120

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	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	89,958
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	89,958
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	84,000
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	10,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	94,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	4,042
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax4,042	Refunded	11	0

(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
JOAN KRIENS	PRESIDENT 40.00	77,643	19,403	0
PO BOX 3141 SARATOGA,CA95070
SCOTT KRIENS	VICE PRESIDENT 40.00	63,174	9,414	0
PO BOX 3141 SARATOGA,CA95070
KEN BAKER	TREASURER/ SECRETARY 10.00	0	0	0
PO BOX 3141 SARATOGA,CA95070


(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
FRANK ASHMORE	MANAGING DIRECTOR 40.00	305,910	22,660	0
PO BOX 3141 SARATOGA,CA95070	MANAGING DIRECTOR 40.00	305,910	22,660	0
LARRY MALONEY	DIRECTOR OF FINANCE 40.00	195,170	12,356	0
PO BOX 3141 SARATOGA,CA95070	DIRECTOR OF FINANCE 40.00	195,170	12,356	0
KATHLEEN KENNEDY	EXECUTIVE DIRECTOR 40.00	192,816	5,616	0
PO BOX 3141 SARATOGA,CA95070	EXECUTIVE DIRECTOR 40.00	192,816	5,616	0
KENNY WOODS	EXECUTIVE CHEF 40.00	153,546	8,072	0
PO BOX 3141 SARATOGA,CA95070	EXECUTIVE CHEF 40.00	153,546	8,072	0
ERIK DUBOIS	DIRECTOR OF IT AND A 40.00	151,607	0	0
PO BOX 3141 SARATOGA,CA95070	DIRECTOR OF IT AND A 40.00	151,607	0	0
Total number of other employees paid over $50,000...................				28


FINLAYSON CONSTRUCTION	CONSTRUCTION	998,139
4525 SCOTTS VALLEY DRIVE SCOTTS VALLEY,CA95066
WILLIAM HOOS	CONSULTING	178,090
128 GRAYLYN DR CHAPEL HILL,NC27516
SHIFTIT INSTITUTE LLC	CONSULTING	38,441
12559 NMUD SPRINGS CIRCLE KAMAS,UT84036
ROBIN MERCER	HR CONSULTING	28,914
4491 W 77TH AVE MERRILLVILLE,IN46410
LUCENSCIA LLC	TRAINING	27,506
11151 VALLEY VIEW DR 501 BRISTOW,VA20136

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	OUR EDUCATIONAL FACILITY OPENED AT THE END OF MAY 2017 AND HOSTED OVER 150 PROGRAMS AND CONFERENCES THAT FOCUSED ON WHOLE PERSON AND PROFESSIONAL DEVELOPMENT AS WELL AS HEALTH AND WELLNESS PROGRAMS SERVING OVER 8,000 PEOPLE.	7,769,270
2


3


4

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

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........
4Qualifying distributions for 2021 from Part
XI, line 4: $
a Applied to 2020, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2021 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2021.
(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
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........
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) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....

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	(e) Total
	0	0	3	0	3
b 85% (0.85) of line 2a .........	0	0	3	0	3
c Qualifying distributions from Part XI, line 4 for each year listed .....	11,923,071	15,144,486	7,689,389	25,879,559	60,636,505
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	4,000,000	5,400,000	2,000,000	500,000	11,900,000
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	7,923,071	9,744,486	5,689,389	25,379,559	48,736,505
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	1,898,890	1,379,536	1,422,143	1,479,994	6,180,563
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) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

JOAN KRIENS

SCOTT KRIENS

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:

3 Grants and Contributions Paid During the Year or Approved for Future Payment
aPaid during the year
SILICON VALLEY CHARITABLE FOUNDATION 2440 W EL CAMINO REAL 300 MOUNTAIN VIEW,CA94040	FDTN MGRS ARE DONOR ADVISORS	PC	TO SUPPORT THE SILICON VALLEY COMMUNITY	4,000,000
Total ................................. 3a	4,000,000

Line No.	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.)
1	PROGRAM SERVICE REVENUE SUPPORTED THE CONTINUATION OF HOLDING MULTIPLE WORKSHOPS FOR PERSONAL DEVELOPMENT, HEALTH AND WELLNESS, AND PROFESSIONAL DEVELOPMENT.
10	THE RETAIL STORE SELLS ITEMS DIRECTLY RELATED TO HEALTH AND WELLNESS. THESE ACTIVITIES CONTRIBUTE IMPORTANTLY TO THE ACHIEVEMENT OF THE FOUNDATION'S EXEMPT PURPOSE BY ENHANCING PUBLIC AWARENESS AND APPRECIATION FOR WHOLE PERSON DEVELOPMENT.

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	(e) Related or exempt function income (See instructions.)
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	110,567
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	6,325,551
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory					-32,167
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		6,784,077	3,509,026

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization THE 1440 FOUNDATION

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	SCOTT AND JOAN KRIENS PO BOX 3141 SARATOGA, CA95070	$ 5,300,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	SCOTT AND JOAN KRIENS PO BOX 3141 SARATOGA, CA95070	$ 501,639	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
3	US SMALL BUSINESS ADMINISTRATION 409 3RD ST SW WASHINGTON DC, DC20416	$ 1,970,875	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
4	US SMALL BUSINESS ADMINISTRATION 409 3RD ST SW WASHINGTON DC, DC20416	$ 1,742,840	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Name of organization THE 1440 FOUNDATION		Employer identification number 77-0456449

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
2	CASH VALUE OF LIFE INSURANCE POLICY #6145088 WITH PRINCIPAL NATIONAL LIFE INSURANCE COMPANY	$ 384,404	2021-06-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
2	CASH VALUE OF LIFE INSURANCE POLICY #6145200 WITH PRINCIPAL NATIONAL LIFE INSURANCE COMPANY	$ 117,235	2021-06-15
(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)

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
FINLAYSON CONSTRUCTION	CONSTRUCTION	998,139
4525 SCOTTS VALLEY DRIVE SCOTTS VALLEY,CA95066	CONSTRUCTION	998,139
WILLIAM HOOS	CONSULTING	178,090
128 GRAYLYN DR CHAPEL HILL,NC27516	CONSULTING	178,090
SHIFTIT INSTITUTE LLC	CONSULTING	38,441
12559 NMUD SPRINGS CIRCLE KAMAS,UT84036	CONSULTING	38,441
ROBIN MERCER	HR CONSULTING	28,914
4491 W 77TH AVE MERRILLVILLE,IN46410	HR CONSULTING	28,914
LUCENSCIA LLC	TRAINING	27,506
11151 VALLEY VIEW DR 501 BRISTOW,VA20136	TRAINING	27,506

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
SILICON VALLEY CHARITABLE FOUNDATION 2440 W EL CAMINO REAL 300 MOUNTAIN VIEW,CA94040	FDTN MGRS ARE DONOR ADVISORS	PC	TO SUPPORT THE SILICON VALLEY COMMUNITY	4,000,000
Total ................................. 3a				4,000,000

bApproved for future payment

Total ................................. 3b				0


Name of organization THE 1440 FOUNDATION			Employer identification number 77-0456449
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.) $ Use duplicate copies of Part III if additional space is needed.

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
GLOO HOLDINGS, LLC	FMV	7,999,997	7,999,997
BLUE NOTE VENTURES, LP	FMV	5,035,302	5,035,302
SILVERLAKE WATERMAN FUND, LP	FMV	201,388	201,388
LEGACY VENTURE VI, LP	FMV	2,797,886	2,797,886
SILVERLAKE WATERMAN FUND II, LP	FMV	2,808,708	2,808,708
KNOWLEDGE FACTOR	FMV	244,489	244,489
HEADSPACE	FMV	19,293,750	19,293,750
INTERAXON	FMV	138,992	138,992
MINDSIGHT MEDIA	FMV	991,666	991,666
EDGEWOOD	FMV	30,526	30,526
SPDR S&P	FMV	108,766	108,766
EMINDFUL	FMV	142,615	142,615
MEETMINDFUL	FMV	238,617	238,617
INSIGHT NETWORKS	FMV	375,284	375,284
MINDSIGHT SAFE	FMV	170,000	170,000
MIGHTIER	FMV	150,000	150,000
WAVEPATHS	FMV	50,000	50,000
LEGACY VENTURE IX, LP	FMV	738,621	738,621
FIREBRAND VENTURES II	FMV	752,840	752,840
FIREBRAND VENTURES SPV II, LLC	FMV	75,074	75,074
HENNESSY JAPAN FUND	FMV	15,243	15,243
INVESCO ETF S&P 500	FMV	71,447	71,447
VANGUARD FTSE ALL WORLD	FMV	35,236	35,236
VANGUARD FTSE EMERGING MARKETS	FMV	17,806	17,806
ARTISAN FOCUS FUND	FMV	41,445	41,445
SPYGLASS GROWTH FUND	FMV	8,748	8,748
ARTISAN INTERNATIONAL VALUE FUND	FMV	16,419	16,419

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
LIFE INSURANCE POLICY	0	501,639	501,639
GOBLU INTERNATIONAL NOTE	191,930	150,828	150,828
GLOO HOLDINGS NOTE	0	250,000	250,000
HAPPIFY NOTE	364,337	364,337	364,337
WISDOM LABS NOTE	227,348	227,348	227,348
MIND SIGHT MEDIA NOTE	50,000	50,000	50,000
SOFTWARE	121,444	121,444	121,444
EMINDFUL NOTE	23,214	0	0
INTEREST ACCRUED ON NOTES RECEIVABLE	9,375	19,735	19,735
WEBSITE - CANOPY	0	64,468	64,468

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INSURANCE EXPENSE	199,822	0	58,595	141,227
BANK FEES	6,525	0	1,818	4,707
BOOKS, SUBSCRIPTIONS, AND REFERENCES	49,678	0	14,129	35,549
OFFICE SUPPLIES	89,307	0	27,615	61,692
POSTAGE	5,011	0	608	4,403
PRINTING	11,804	0	3,515	8,289
TELECOMMUNICATIONS	154,102	0	45,434	108,668
REPAIRS & MAINTENANCE	295,573	0	88,013	207,560
UTILITIES	514,939	0	153,414	361,525
REGISTRATION & LICENSE FEES	10,109	0	2,991	7,118
MARKETING	612,928	0	180,087	432,841
CONTRACT LABOR	84,997	0	25,310	59,687
OTHER OPERATING EXPENSES	643,305	0	174,406	468,899
COST OF SALES	325,666	0	96,974	228,692
NET PASSTHRU EXPENSES FROM LEGACY VENTURES VI	20,785	20,785	20,785	0
NET PASSTHRU EXPENSES FROM GLOO HOLDINGS	1,254,323	1,254,323	1,254,323	0
NET PASSTHRU EXPENSES FROM BLUE NOTE VENTURES	43,663	43,663	43,663	0
NET PASSTHRU EXPENSES FROM LEGACY VENTURE IX	15,016	15,016	15,016	0
NET PASSTHRU EXPENSES FROM FIREBRAND VENTURES II	79,401	79,401	79,401	0
NET PASSTHRU EXPENSES FROM NS GROUP HOLDING COMPANY	295	295	295	0
N/D EXPENSES FROM LEGACY VENTURES VI	1	0	0	0
N/D EXPENSES FROM GLOO HOLDINGS	2,175	0	0	0
N/D EXPENSES FROM FIREBRAND VENTURES II	20	0	0	0
N/D EXPENSES FROM NS GROUP HOLDING COMPANY LLC	7	0	0	0
ORDINARY LOSS FROM PASSTHROUGH - UBTI ADJUSTMENT	0	246	246	0
K-1 AT RISK LOSS LIMITATION	0	-1,101,481	-1,101,481	0

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME - LEGACY VENTURES VI	584	584	584
OTHER INCOME - LEGACY VENTURES IX	278	278	278
ORDINARY INCOME - SILVER LAKE WATERMAN	26,752	26,752	26,752
ORDINARY INCOME - SILVER LAKE WATERMAN II	56,280	56,280	56,280
ORDINARY INCOME - NS GROUP HOLDING CO	101	101	101
MANAGEMENT FEES	-11,418	-11,418	-11,418
OTHER INVESTMENT INCOME	119,210	119,210	119,210
INVESTMENT INTEREST EXPENSE	-1,952	-1,952	-1,952
MULTIVERSITY PROGRAM SERVICE REVENUE	3,541,193		3,541,193

Description	Beginning of Year - Book Value	End of Year - Book Value
DEFERRED TAX	233,000	429,000
ACCRUED EXPENSES	294,290	419,490
DEFERRED REVENUE	368,752	1,039,448
DEFERRED REVENUE - GIFT CARDS	138,951	137,802
SHORT TERM DEBT	1,970,875	0
OTHER PAYABLE	0	2,879

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER PROFESSIONAL FEES	499,736	0	59,600	440,136
OTHER PROFESSIONAL FEES - DEVELOPMENT	494,934	0	0	494,934

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