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
PRESTON-WERNER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)314 LYTTON AVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PALO ALTO, CA94301
A Employer identification number

83-2899018
B Telephone number (see instructions)

(650) 804-7100
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$67,122,647J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,712,424 1,722,007  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,316,951
b Gross sales price for all assets on line 6a 13,334,533
7 Capital gain net income (from Part IV, line 2)... 1,317,421
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 202 0  
12 Total. Add lines 1 through 11........ 3,029,577 3,039,428  
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)......... Click to see attachment 847 0   847
b Accounting fees (attach schedule)....... Click to see attachment 125,799 62,900   60,353
c Other professional fees (attach schedule).... Click to see attachment 348,519 348,519   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 155,489 33,489   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 106,427 136,702   5,806
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 737,081 581,610   67,006
25 Contributions, gifts, grants paid....... 4,972,295 4,928,560
26 Total expenses and disbursements. Add lines 24 and 25 5,709,376 581,610   4,995,566
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,679,799
b Net investment income (if negative, enter -0-) 2,457,818
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,905,779 372,451 372,451
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.......... 31,343    
10a Investments—U.S. and state government obligations (attach schedule) 7,978,794 Click to see attachment7,308,763 7,308,763
b Investments—corporate stock (attach schedule)....... 41,677,958 Click to see attachment44,675,745 44,675,745
c Investments—corporate bonds (attach schedule)....... 12,037,217 Click to see attachment14,179,845 14,179,845
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 73,980 Click to see attachment585,843 585,843
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) 63,705,071 67,122,647 67,122,647
Liabilities 17 Accounts payable and accrued expenses.......... 16,871 21,944
18 Grants payable.................   43,735
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) Click to see attachment281,000 Click to see attachment198,000
23 Total liabilities (add lines 17 through 22)......... 297,871 263,679
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........... 63,407,200 66,858,968
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 63,407,200 66,858,968
30 Total liabilities and net assets/fund balances (see instructions). 63,705,071 67,122,647
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
63,407,200
2
Enter amount from Part I, line 27a .....................
2
-2,679,799
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,131,567
4
Add lines 1, 2, and 3 ..........................
4
66,858,968
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
66,858,968
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES   2021-01-01 2021-12-31
b ALTERNATIVE INVESTMENTS P 2021-01-01 2021-12-31
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 13,334,063   12,017,112 1,316,951
b 470     470
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,316,951
b       470
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,317,421
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 34,164
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 34,164
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 28,020
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 48,020
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 13,856
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet13,856 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)
    bulletCA
    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 ofbulletAPERCEN PARTNERS LLC Telephone no.bullet (650) 804-7100

    Located atbullet314 LYTTON AVEPALO ALTOCA ZIP+4bullet94301
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    THERESA PRESTON-WERNER CO-PRESIDENT/DIRECTOR
    0.40     		0 0 0
    314 LYTTON AVE
    PALO ALTO,CA94301
    THOMAS PRESTON-WERNER CO-PRESIDENT/DIRECTOR
    0.40     		0 0 0
    314 LYTTON AVE
    PALO ALTO,CA94301
    TOM VAN LOBEN SELS CFO/SECRETARY
    0.10     		0 0 0
    314 LYTTON AVE
    PALO ALTO,CA94301
    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
    GOLDMAN SACHS & CO LLC INVESTMENT MANAGEMENT 348,519
    200 WEST ST
    NEW YORK,NY10282
    APERCEN PARTNERS LLC ACCOUNTING & CONSULTING 96,204
    314 LYTTON AVE
    PALO ALTO,CA94301
    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
    65,434,596
    b
    Average of monthly cash balances.......................
    1b
    774,045
    c
    Fair market value of all other assets (see instructions)................
    1c
    421,025
    d
    Total (add lines 1a, b, and c).........................
    1d
    66,629,666
    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
    66,629,666
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    999,445
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    65,630,221
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,281,511
    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
    3,281,511
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    34,164
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    34,164
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,247,347
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,247,347
    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
    3,247,347
    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 3,247,347
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019...... 361,651
    e From 2020...... 1,487,833
    f Total of lines 3a through e ........ 1,849,484
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 4,995,566
    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..... 3,247,347
    e Remaining amount distributed out of corpus 1,748,219
    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 3,597,703
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		3,597,703
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019.... 361,651
    d Excess from 2020.... 1,487,833
    e Excess from 2021.... 1,748,219
    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).)
    THERESA PRESTON-WERNER
    THOMAS PRESTON-WERNER
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ABORTION FREEDOM PARTNERSHIP
    390 ESPLANADE AVE SUITE 78
    PACIFICA,CA94044     		  PC PROJECT PIGGYBANK 20,000
    AMERICAN FRIENDS OF ZANAAFRICA CORP
    2450 VIRGINIA AVE NW SUITE E309
    WASHINGTON,DC20037     		  PC GENERAL OPERATING SUPPORT 30,000
    AMERICAN UNIVERSITY
    4400 MASSACHUSETTS AVE NW
    WASHINGTON,DC20016     		  PC INSTITUTE FOR CARBON REMOVAL LAW AND POLICY 50,000
    BREACH COLLECTIVE
    PO BOX 5291
    EUGENE,OR97405     		  PC DEVELOPMENT OF ORGANIZING THE GREEN NEW DEAL CURRICULUM 15,000
    CENTER FOR CARBON REMOVAL DBA CARBON180
    1140 3RD ST NE
    WASHINGTON,DC20002     		  PC 1896 PROJECT 100,000
    CENTER FOR COMMON GROUND
    150 SUTTER ST 695
    SAN FRANCISCO,CA94104     		  PC CLIMATE CABINET EDUCATION 50,000
    CENTER FOR THIRD WORLD ORGANIZING
    1438 WEBSTER ST
    OAKLAND,CA94612     		  PC DEFUND CPD 50,000
    CHARITIES AID FOUNDATION AMERICA
    225 REINEKERS LN SUITE 375
    ALEXANDRIA,VA22314     		  PC BLUE VENTURES CONSERVATION 82,000
    CIVIC EDUCATION FUND
    720 THIRD AVE SUITE 1100
    SEATTLE,WA98104     		  PC WORKMONEY 100,000
    COLUMBIA RIVERKEEPER
    407 PORTWAY AVE SUITE 301
    HOOD RIVER,OR97031     		  PC GENERAL SUPPORT 50,000
    COLUMBIA RIVERKEEPER
    407 PORTWAY AVE SUITE 301
    HOOD RIVER,OR97031     		  PC POWER PAST FRACKED GAS COALITION 50,000
    COMMON COUNSEL FOUNDATION
    1624 FRANKLIN ST SUITE 1022
    OAKLAND,CA94612     		  PC M4BL 50,000
    COMMONWEALTH FOUNDATION INC
    1442 A WALNUT ST SUITE 42
    BERKELEY,CA94709     		  PC RICHMOND PROGRESSIVE ALLIANCE 125,000
    DKT INTERNATIONAL INC
    1001 CONNECTICUT AVE NW SUITE 800
    WASHINGTON,DC20036     		  PC GENERAL OPERATING SUPPORT 30,000
    EARTH ISLAND INSTITUTE INC
    2150 ALLSTON WAY SUITE 460
    BERKELEY,CA94704     		  PC WEA ACCELERATOR PROGRAM PROJECT AND WOMEN'S EARTH ALLIANCE 13,100
    EYEBEAM ATELIER INC
    185 WYTHE AVE
    BROOKLYN,NY11249     		  PC OPENAIR 50,000
    FEMHEALTH USA INC DBA CARAFEM
    1001 CONNECTICUT AVE SUITE 805
    WASHINGTON,DC20036     		  PC EXPAND ABORTION SERVICES IN THE UNITED STATES 50,000
    FFWD
    1004A OREILLY AVE SUITE A
    SAN FRANCISCO,CA94129     		  PC GENERAL OPERATING SUPPORT 100,000
    FRIENDS OF ALAMEDA COUNTY CASA INC
    1000 SAN LEANDRO BLVD SUITE 300
    SAN LEANDRO,CA94577     		  PC HELPING CHILDREN IN ALAMEDA COUNTY 10,000
    FRIENDS OF THE EARTH
    1101 15TH ST NW 11TH FLOOR
    WASHINGTON,DC20005     		  PC CLIMATE DISINFORMATION RESPONSE WORK 25,000
    FRIENDS OF THE EARTH
    1101 15TH ST NW 11TH FLOOR
    WASHINGTON,DC20005     		  PC POLICY ADVOCACY WORK FOR SOIL CARBON MARKETS AND SUSTAINABLE AGRICULTURE 50,000
    FRIENDS OF THE EARTH
    1101 15TH ST NW 11TH FLOOR
    WASHINGTON,DC20005     		  PC CLIMATE DISINFORMATION COALITION PROJECT 75,000
    FULLER PROJECT FOR INTERNATIONAL REPORTING INC
    1875 CONNECTICUT AVE NW 10TH FLOOR
    WASHINGTON,DC20009     		  PC REPORTING ON GENDER, SEXUAL AND REPRODUCTIVE HEALTH, AND CLIMATE ACTION 250,000
    HOPEWELL FUND
    1201 CONNECTICUT AVE NW SUITE 300
    WASHINGTON,DC20036     		  PC CONTRACEPTIVE ACCESS INITIATIVE 25,000
    HOPEWELL FUND
    1201 CONNECTICUT AVE NW SUITE 300
    WASHINGTON,DC20036     		  PC THE MOVEMENT INSTITUTE 75,000
    HOPEWELL FUND
    1201 CONNECTICUT AVE NW SUITE 300
    WASHINGTON,DC20036     		  PC GALVANIZE USA 10,000
    HOPEWELL FUND
    1201 CONNECTICUT AVE NW SUITE 300
    WASHINGTON,DC20036     		  PC GALVANIZE USA 75,000
    ID INSIGHT INC
    PO BOX 689
    SAN FRANCISCO,CA94104     		  PC GIVING GREEN 50,000
    INTEGRATE HEALTH INC
    PO BOX 605
    MEDWAY,MA02053     		  PC GENERAL OPERATING SUPPORT 35,000
    IPAS
    PO BOX 9990
    CHAPEL HILL,NC27515     		  PC GENERAL OPERATING SUPPORT 40,000
    JOHNS HOPKINS UNIVERSITY
    111 MARKET PL SUITE 310
    BALTIMORE,MD21212     		  PC JOHNS HOPKINS CENTER FOR COMMUNICATION PROGRAMS - KNOWLEDGE SUCCESS 25,000
    LC AND LILLIE COX HAVEN OF HOPE
    696 SAN RAMON VALLEY BLVD SUITE 194
    DANVILLE,CA94526     		  PC JUST BE 20,000
    LIVING GOODS
    1423 BROADWAY 1054
    OAKLAND,CA94612     		  PC GENERAL OPERATING SUPPORT 100,000
    MARCH FOR OUR LIVES FOUNDATION
    16130 VENTURA BLVD SUITE 320
    ENCINO,CA91436     		  PC GENERAL SUPPORT 25,000
    MARCH ON FOUNDATION
    820 RITCHIE HWY SUITE 250
    SEVERNA PARK,MD21146     		  PC HOUSTON YOUTH CLIMATE STRIKE 3,500
    MARCH ON FOUNDATION
    820 RITCHIE HWY SUITE 250
    SEVERNA PARK,MD21146     		  PC FUTURE COALITION'S CLIMATE WORK CENTERED ON OPERATION TOKALA 25,000
    MORE PERFECT UNION FOUNDATION
    3033 WILSON BLVD PBM 558 SUITE E
    ALEXANDRIA,VA22201     		  PC DEVELOPING PROGRESSIVE POLITICAL ALTERNATIVES 100,000
    MOTHER HEALTH INTERNATIONAL INC
    3004 E FRANKLIN ST
    RICHMOND,VA23223     		  PC REDUCE PERINATAL MORTALITY 50,000
    NEO PHILANTHROPY INC
    45 WEST 36TH ST 6TH FLOOR
    NEW YORK,NY10018     		  PC CIVIC ENGAGEMENT RESEARCH AND DISSEMINATION HUB PROJECT 100,000
    NEW VENTURE FUND
    1201 CONNECTICUT AVE NW SUITE 300
    WASHINGTON,DC20036     		  PC CONVENINGS AND OUTREACH EFFORTS RELATED TO CLEAN ENERGY AND CLIMATE GOVERNANCE 100,000
    ONE WORLD CHILDREN'S FUND
    3108 GLENDALE BLVD SUITE 506
    LOS ANGELES,CA90039     		  PC REACH A HAND UGANDA 20,000
    ONE WORLD CHILDREN'S FUND
    3108 GLENDALE BLVD SUITE 506
    LOS ANGELES,CA90039     		  PC REACH A HAND UGANDA 800
    ONE WORLD CHILDREN'S FUND
    3108 GLENDALE BLVD SUITE 506
    LOS ANGELES,CA90039     		  PC SHARED ACTION AFRICA 44,000
    ONE WORLD CHILDREN'S FUND
    3108 GLENDALE BLVD SUITE 506
    LOS ANGELES,CA90039     		  PC SHARED ACTION AFRICA 1,760
    OUR CLIMATE EDUCATION FUND
    1 THOMAS CIR SUITE 700
    WASHINGTON,DC20005     		  PC NATIONAL FELLOWSHIP PROGRAM & GENERAL SUPPORT 5,000
    PARTNERSHIP PROJECT INC
    PO BOX 65826
    WASHINGTON,DC20035     		  PC CLIMATE ADVOCACY LAB 100,000
    PEOPLE'S ACTION INSTITUTE
    2125 WEST NORTH AVE
    CHICAGO,IL60647     		  PC JUSTICE IS GLOBAL PROJECT 200,000
    PEOPLE'S ACTION INSTITUTE
    2125 WEST NORTH AVE
    CHICAGO,IL60647     		  PC MOVEMENT POLITICS TEAM 100,000
    POPULATION ACTION INTERNATIONAL
    1300 19TH ST NW SUITE 200
    WASHINGTON,DC20036     		  PC WESTERN UGANDA FBO NETWORK HUBS 23,000
    REGENTS OF THE UNIVERSITY OF CALIFORNIA AT BERKELEY
    2121 BERKELEY WAY SUITE 6100
    BERKELEY,CA94720     		  GOV BIXBY CENTER FOR POPULATION, HEALTH AND SUSTAINABILITY 25,000
    ROCKEFELLER FAMILY FUND INC
    475 RIVERSIDE DR SUITE 900
    NEW YORK,NY10115     		  PC EDUCATIONAL AND CONVENING WORK FOR ROBUST FEDERAL CLIMATE AND INFRASTRUCTURE POLICY 50,000
    ROCKEFELLER PHILANTHROPY ADVISORS INC
    6 WEST 48TH ST 10TH FLOOR
    NEW YORK,NY10036     		  PC THE EQUATION CAMPAIGN 65,000
    ROCKEFELLER PHILANTHROPY ADVISORS INC
    6 WEST 48TH ST 10TH FLOOR
    NEW YORK,NY10036     		  PC CARRIZO COMECRUDO TRIBE OF TEXAS 60,000
    SAN FRANCISCO WOMEN AGAINST RAPE
    3543 18TH ST SUITE 7
    SAN FRANCISCO,CA94110     		  PC PROVIDE SERVICES TO SURVIVORS OF SEXUAL ASSAULT 5,000
    SOCIAL GOOD FUND INC
    PO BOX 5473
    RICHMOND,CA94805     		  PC WELCOMING HOME 10,000
    SOUTHERN VISION ALLIANCE
    PO BOX 51698
    DURHAM,NC27717     		  PC SOUTHERN WORKERS ASSEMBLY 100,000
    SOUTHERN VISION ALLIANCE
    PO BOX 51698
    DURHAM,NC27717     		  PC BLACK WORKERS CENTER FOR JUSTICE 100,000
    SUSTAINABLE MARKETS FOUNDATION
    45 WEST 36TH ST 6TH FLOOR
    NEW YORK,NY10018     		  PC DEBT COLLECTIVE 50,000
    THE GOOD FOOD INSTITUTE INC
    1380 MONROE ST NW SUITE 229
    WASHINGTON,DC20010     		  PC GENERAL SUPPORT 100,000
    THE HACK FOUNDATION
    8605 SANTA MONICA BLVD SUITE 86294
    WEST HOLLYWOOD,CA90069     		  PC GENERAL SUPPORT 500,000
    TIDES CENTER
    PO BOX 29907
    SAN FRANCISCO,CA94129     		  PC FIRST EXPOSURES 5,000
    TIDES FOUNDATION
    PO BOX 29903
    SAN FRANCISCO,CA94129     		  PC GREEN NEW DEAL NETWORK 150,000
    TIDES FOUNDATION
    PO BOX 29903
    SAN FRANCISCO,CA94129     		  PC MASS LIBERATION AZ 150,000
    TIDES FOUNDATION
    PO BOX 29903
    SAN FRANCISCO,CA94129     		  PC CENTER FOR WORKING FAMILIES FUND 125,000
    TRANS QUEER PUEBLO - SEMILLA DE LIBERACION
    1726 EAST ROOSEVELT ST
    PHOENIX,AZ85006     		  PC GENERAL OPERATING SUPPORT 100,000
    TRAPPED VOICES INC
    2115 SPARROW RD
    CHESAPEAKE,VA23320     		  PC JAILHOUSE LAWYERS SPEAK 100,000
    TURNOUT ACTIVISM
    35 WALDEN ST
    CAMBRIDGE,MA02140     		  PC AMERICANA 10,000
    UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION
    1995 UNIVERSITY AVE SUITE 401
    BERKELEY,CA94704     		  PC GREATER GOOD SCIENCE CENTER 10,400
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION
    220 MONTGOMERY ST
    SAN FRANCISCO,CA94143     		  PC BIXBY CENTER FOR GLOBAL REPRODUCTIVE HEALTH 55,000
    UNIVERSITY OF CALIFORNIA SANTA BARBARA
    UCSB
    SANTA BARBARA,CA93106     		  GOV ENVIRONMENT AND ENERGY TRANSITIONS (ENVENT) LAB 100,000
    VENTURE STRATEGIES FOR HEALTH AND DEVELOPMENT
    PO BOX 10144
    BERKELEY,CA94709     		  PC GENERAL OPERATING SUPPORT FOR OASIS 25,000
    VENTURE STRATEGIES FOR HEALTH AND DEVELOPMENT
    PO BOX 10144
    BERKELEY,CA94709     		  PC GENERAL OPERATING SUPPORT FOR THE CENTRE FOR GIRLS EDUCATION 50,000
    VIDA VERDE NATURE EDUCATION
    3540 LA HONDA RD
    SAN GREGORIO,CA94074     		  PC PROMOTE EDUCATIONAL EQUITY 10,000
    VILLAGEREACH
    210 S HUDSON ST
    SEATTLE,WA98134     		  PC GENERAL OPERATING SUPPORT 25,000
    WESTERN ORGANIZATION OF RESOURCE COUNCILS EDUCATION PROJECT
    220 S 27TH ST
    BILLINGS,MT59101     		  PC WEST KOOTENAY ECOSOCIETY 75,000
    WIN WITHOUT WAR EDUCATION FUND
    1 THOMAS CIR SUITE 700
    WASHINGTON,DC20005     		  PC DEMOCRATIZING US FOREIGN POLICY 25,000
    WISER INTERNATIONAL INC
    2608 ERWIN RD SUITE 148 - 107
    DURHAM,NC27705     		  PC GENERAL OPERATING SUPPORT 20,000
    WISER INTERNATIONAL INC
    2608 ERWIN RD SUITE 148 - 107
    DURHAM,NC27705     		  PC GENERAL OPERATING SUPPORT 20,000
    WOMEN DELIVER INC
    588 BROADWAY SUITE 905
    NEW YORK,NY10012     		  PC DEEPEN COALITION MOBILIZATION AND ADVOCACY FOR CLIMATE AND SRHR 30,000
    Total .................................bullet 3a 4,928,560
    bApproved for future payment
    RWENZORI CENTER FOR RESEARCH AND ADVOCACY
    PO BOX 599 PLOT 5 KORO RD
    KASESE TOWN    
    UG     		  PC 1,000 WOMEN'S GARDEN PROJECT 43,735
    Total .................................bullet 3b 43,735
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,316,951  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aALTERNATIVE INVESTMENTS     		    14 202  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 3,029,577 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,029,577
    (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
    PRESTON-WERNER INITIATIVES INC 501(C)(4) COMMON CONTROL
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 125,799 62,900   60,353

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Name of Bond End of Year Book Value End of Year Fair Market Value
    3M COMPANY 35,818 35,818
    ADOBE INC 76,732 76,732
    AMERICAN EXPRESS COMPANY 102,894 102,894
    AMERIPRISE FINANCIAL INC 83,486 83,486
    APPLE INC 92,506 92,506
    AT&T INC 26,269 26,269
    AT&T INC 122,088 122,088
    ATMOS ENERGY CORP 164,380 164,380
    AUTOMATIC DATA PROCESSING INC 84,796 84,796
    BANK OF AMERICA CORPORATION 35,125 35,125
    BANK OF AMERICA CORPORATION 193,015 193,015
    BANK OF MONTREAL 168,291 168,291
    BANK OF NEW YORK MELLON CORPORATION 20,519 20,519
    BANK OF NOVA SCOTIA 35,819 35,819
    BLACKROCK INC 10,301 10,301
    BP CAPITAL MARKETS AMERICA 91,852 91,852
    BRISTOL-MYERS SQUIBB COMPANY 256,540 256,540
    BROADCOM INC 83,258 83,258
    CALVERT HIGH YIELD BOND FUND CL I 3,523,523 3,523,523
    CANADIAN IMPERIAL BANK OF COMMERCE 205,689 205,689
    CATERPILLAR FINANCIAL SERVICES 70,669 70,669
    CATERPILLAR FINANCIAL SERVICES 205,469 205,469
    CHARLES SCHWAB CORPORATION 59,222 59,222
    CHEVRON USA INC 121,868 121,868
    CHURCH & DWIGHT CO INC 105,939 105,939
    CITIGROUP INC 60,969 60,969
    CITIGROUP INC 31,330 31,330
    CROWN CASTLE INTERNATIONAL CORP 65,244 65,244
    CVS HEALTH CORPORATION 95,088 95,088
    DEERE & COMPANY 190,844 190,844
    DH EUROPE FINANCE II 30,385 30,385
    DOMINION ENERGY INC 125,572 125,572
    DUKE ENERGY CAROLINAS 30,395 30,395
    FEDERATED HERMES INSTITUTIONAL HIGH YIELD BOND FUND 3,521,265 3,521,265
    FISERV INC 25,863 25,863
    GENERAL MOTORS FINANCIAL COMPANY 85,791 85,791
    HSBC HOLDINGS PLC 136,203 136,203
    JOHN DEERE CAPITAL CORPORATION 73,916 73,916
    JPMORGAN CHASE & CO 81,240 81,240
    JPMORGAN CHASE & CO 129,554 129,554
    JPMORGAN CHASE & CO 61,708 61,708
    KEURIG DR PEPPER INC 181,946 181,946
    KIMCO REALTY CORPORATION 15,239 15,239
    KINDER MORGAN INC 105,641 105,641
    MCDONALD'S CORPORATION 54,803 54,803
    MITSUBISHI UFJ FINANCIAL GROUP 112,246 112,246
    MORGAN STANLEY 72,149 72,149
    NATIONAL RURAL UTILITY COOPERATIVE 55,036 55,036
    NIKE INC 196,111 196,111
    ORACLE CORPORATION 70,288 70,288
    ORACLE CORPORATION 71,531 71,531
    PNC FINANCIAL SERVICES GROUP 83,351 83,351
    PNC FINANCIAL SERVICES GROUP 108,979 108,979
    PRUDENTIAL FINANCIAL INC 75,177 75,177
    ROPER INDUSTRIES INC 25,369 25,369
    ROPER TECHNOLOGIES INC 31,232 31,232
    ROYAL BANK OF CANADA 119,291 119,291
    ROYAL BANK OF SCOTLAND GROUP 124,025 124,025
    S&P GLOBAL INC 31,011 31,011
    SKYWORKS SOLUTIONS INC 75,679 75,679
    SPIRIT REALTY LP 62,074 62,074
    SUMITOMO MITSUI FINANCIAL GROUP 210,135 210,135
    SUNTRUST BANK 78,223 78,223
    SYNCHRONY FINANCIAL 105,521 105,521
    TARGET CORP 26,178 26,178
    TEXAS INSTRUMENTS INC 90,410 90,410
    THE CLOROX COMPANY 101,866 101,866
    THE CLOROX COMPANY 20,228 20,228
    THE HOME DEPOT INC 31,988 31,988
    THE JM SMUCKER COMPANY 30,092 30,092
    THE PROCTER & GAMBLE COMPANY 156,225 156,225
    TORONTO-DOMINION BANK 128,982 128,982
    TOYOTA MOTOR CREDIT CORP 175,028 175,028
    UNILEVER CAPITAL CORPORATION 155,061 155,061
    UNION PACIFIC CORP 26,203 26,203
    US BANCORP 85,386 85,386
    VERIZON COMMUNICATIONS INC 123,180 123,180
    WELLTOWER INC 36,485 36,485
    XILINX INC 160,422 160,422
    XILINX INC 45,619 45,619

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M COMPANY 85,085 85,085
    ABB LTD 22,749 22,749
    ABBOTT LABORATORIES 206,747 206,747
    ABBVIE INC 198,903 198,903
    ACCENTURE PLC 216,810 216,810
    ADIDAS AG 20,444 20,444
    ADOBE INC 223,989 223,989
    ADVANCED MICRO DEVICES INC 144,332 144,332
    ADVANTEST CORPORATION 12,684 12,684
    AENA SME SA 4,893 4,893
    AEON CO LTD 8,398 8,398
    AES CORP 13,948 13,948
    AFLAC INCORPORATED 27,268 27,268
    AGILENT TECHNOLOGIES INC 37,677 37,677
    AGL ENERGY LIMITED 125 125
    AGNICO-EAGLE MINES LIMITED 6,005 6,005
    AIA GROUP LIMITED 56,135 56,135
    AIR LIQUIDE SA 28,769 28,769
    AIR PRODUCTS & CHEMICALS INC 54,158 54,158
    AISIN CORP 8,080 8,080
    AJINOMOTO INC 6,256 6,256
    AKAMAI TECHNOLOGIES INC 13,343 13,343
    AKTIEBOLAGET ELECTROLUX 8,388 8,388
    AKZO NOBEL NV 7,462 7,462
    ALASKA AIR GROUP INC 5,679 5,679
    ALBEMARLE CORP CMN 22,676 22,676
    ALCON INC 19,515 19,515
    ALFA LAVAL AB 10,424 10,424
    ALLIANZ SE 38,491 38,491
    ALLSTATE CORPORATION 28,354 28,354
    ALPHABET INC CL A 724,260 724,260
    ALPHABET INC CL C 671,313 671,313
    AMADEUS IT GROUP SA 11,530 11,530
    AMAZON.COM INC 1,207,031 1,207,031
    AMCOR PLC 14,592 14,592
    AMEREN CORPORATION 19,582 19,582
    AMERICAN AIRLINES GROUP INC 9,986 9,986
    AMERICAN ELECTRIC POWER INC 37,901 37,901
    AMERICAN EXPRESS COMPANY 84,418 84,418
    AMERICAN TOWER CORPORATION 109,395 109,395
    AMERICAN WATER WORKS CO INC 26,252 26,252
    AMERIPRISE FINANCIAL INC 39,819 39,819
    AMERISOURCEBERGEN CORPORATION 16,345 16,345
    AMGEN INC 105,061 105,061
    ANALOG DEVICES INC 78,569 78,569
    ANTHEM INC 93,635 93,635
    AON PUBLIC LIMITED COMPANY 57,407 57,407
    AP MOLLER-MAERSK 10,756 10,756
    APPLE INC 2,298,821 2,298,821
    APPLIED MATERIALS INC 118,492 118,492
    APTIV PLC 35,794 35,794
    ARCELORMITTAL SA 14,196 14,196
    ARCHER-DANIELS-MIDLAND COMPANY 28,793 28,793
    ARISTA NETWORKS INC 27,025 27,025
    ASML HOLDING NV 133,752 133,752
    ASSA ABLOY AB 24,283 24,283
    ASSURANT INC 5,455 5,455
    ASTELLAS PHARMA INC 14,846 14,846
    ASTRAZENECA PLC 79,686 79,686
    AT&T INC 147,994 147,994
    ATLANTIA SPA 3,335 3,335
    ATLAS COPCO CL A 26,749 26,749
    ATLAS COPCO CL B 18,164 18,164
    AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 36,162 36,162
    AUTODESK INC 51,458 51,458
    AVALONBAY COMMUNITIES INC 29,553 29,553
    AXA 21,559 21,559
    BAKER HUGHES CO 16,625 16,625
    BALL CORPORATION 25,126 25,126
    BANCO BILBAO VIZCAYA SA 17,457 17,457
    BANCO SANTANDER SA 25,379 25,379
    BANK OF AMERICA CORPORATION 270,321 270,321
    BANK OF MONTREAL 40,287 40,287
    BANK OF NOVA SCOTIA 46,742 46,742
    BARCLAYS PLC 31,568 31,568
    BARRICK GOLD CORPORATION 17,214 17,214
    BASF SE 16,861 16,861
    BATH & BODY WORKS INC 15,563 15,563
    BAYER AG 16,569 16,569
    BAYERISCHE MOTOREN WERKE AKTIE 10,365 10,365
    BCE INC 2,238 2,238
    BECTON DICKINSON AND COMPANY 59,852 59,852
    BEST BUY CO INC 18,593 18,593
    BHP GROUP LTD 49,547 49,547
    BHP GROUP PLC 69,632 69,632
    BIOGEN INC 29,030 29,030
    BLACKROCK INC 119,023 119,023
    BNP PARIBAS 38,009 38,009
    BOOKING HOLDINGS INC 81,574 81,574
    BORGWARNER INC 5,228 5,228
    BOSTON PROPERTIES INC 14,398 14,398
    BOSTON SCIENTIFIC CORP 49,532 49,532
    BRAMBLES LIMITED 10,944 10,944
    BRIDGESTONES CORP 15,342 15,342
    BRISTOL-MYERS SQUIBB COMPANY 115,160 115,160
    BUREAU VERITAS 1,526 1,526
    CAE INC 6,310 6,310
    CAMPBELL SOUP CO 6,258 6,258
    CANADIAN IMPERIAL BANK OF COMMERCE 27,741 27,741
    CANADIAN NATIONAL RAILWAY CO 40,175 40,175
    CANADIAN PACIFIC RAILWAY LTD 25,539 25,539
    CANON INC 16,979 16,979
    CAP GEMINI 18,625 18,625
    CAPITAL ONE FINANCIAL CORP 53,828 53,828
    CARDINAL HEALTH INC 13,027 13,027
    CARMAX INC 17,581 17,581
    CARNIVAL CORPORATION 14,325 14,325
    CARRIER GLOBAL CORPORATION 39,107 39,107
    CASIO COMPUTER 3,596 3,596
    CATALENT INC 18,052 18,052
    CATERPILLAR INC 95,100 95,100
    CBOE GLOBAL MARKETS INC 13,040 13,040
    CBRE GROUP INC 30,491 30,491
    CELANESE CORPORATION 16,470 16,470
    CELLNEX TELECOM SA 12,688 12,688
    CENTENE CORPORATION 39,387 39,387
    CF INDUSTRIES HOLDINGS, INC 12,670 12,670
    CGI INC 6,195 6,195
    CHARLES SCHWAB CORPORATION 113,535 113,535
    CHUBB LIMITED 72,105 72,105
    CHUGAI PHARMACEUTICAL CO LTD 11,806 11,806
    CHURCH & DWIGHT CO INC 16,810 16,810
    CIGNA CORP CMN 62,919 62,919
    CISCO SYSTEMS INC 222,746 222,746
    CITIGROUP INC 98,496 98,496
    CITIZENS FINANCIAL GROUP INC 15,451 15,451
    CMS ENERGY CORPORATION 16,067 16,067
    CNH INDUSTRIAL NV 9,229 9,229
    COCA-COLA EUROPEAN PARTNERS PLC 4,307 4,307
    COLGATE-PALMOLIVE CO 58,714 58,714
    COLOPLAST AS 5,808 5,808
    COMCAST CORPORATION 189,341 189,341
    COMERICA INCORPORATED 9,135 9,135
    COMMONWEALTH BANK OF AUSTRALIA 66,089 66,089
    COMPAGNIE DE SAINT-GOBAIN 20,404 20,404
    COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN 13,278 13,278
    CONAGRA BRANDS INC 13,489 13,489
    CONTINENTAL AKTIENGESELLSCHAFT 4,236 4,236
    CORTEVA INC 28,699 28,699
    CREDIT SUISSE GROUP 13,535 13,535
    CRH PLC 46,253 46,253
    CSL LIMITED 61,931 61,931
    CSX CORPORATION 69,184 69,184
    CUMMINS INC 24,432 24,432
    CVS HEALTH CORPORATION 113,476 113,476
    DAI NIPPON PRINTING LTD 7,788 7,788
    DAIICHI SANKYO CO LTD 23,064 23,064
    DAIKIN INDUSTRIES LTD 33,531 33,531
    DAITO TRUST CONSTRUCTION CO 9,836 9,836
    DAIWA HOUSE INDUSTRY LTD 17,092 17,092
    DANAHER CORPORATION 173,717 173,717
    DANONE 13,347 13,347
    DASSAULT SYSTEMES 16,061 16,061
    DAVITA INC 5,688 5,688
    DBS GROUP HOLDINGS 55,429 55,429
    DEERE & COMPANY 80,922 80,922
    DELTA AIR LINES INC 20,830 20,830
    DENSO CORP 28,383 28,383
    DENTSU INC 8,474 8,474
    DEUTSCHE BANK AG 10,638 10,638
    DEUTSCHE BOERSE AG 10,037 10,037
    DEUTSCHE POST AG 22,183 22,183
    DEUTSCHE TELEKOM AG 14,402 14,402
    DEUTSCHE WOHNEN AG 13,121 13,121
    DIAGEO PLC 87,836 87,836
    DIGITAL REALTY TRUST INC 39,619 39,619
    DISCO CORP 9,462 9,462
    DISCOVER FINANCIAL SERVICES 27,388 27,388
    DOMINION ENERGY INC 55,620 55,620
    DOW INC 34,769 34,769
    DR HORTON INC 29,498 29,498
    DTE ENERGY COMPANY 19,963 19,963
    DUKE ENERGY CORPORATION 71,857 71,857
    DXC TECHNOLOGY COMPANY 6,535 6,535
    EAST JAPAN RAILWAY COMPANY 20,269 20,269
    EASTMAN CHEMICAL COMPANY 12,696 12,696
    EATON CORP PLC 56,339 56,339
    EBAY INC 33,716 33,716
    ECOLAB INC 47,387 47,387
    EDWARDS LIFESCIENCES CORPORATI 66,848 66,848
    EISAI CO LTD 8,337 8,337
    ELI LILLY & CO 182,305 182,305
    ENBRIDGE INC 42,832 42,832
    ENEL SOCIETA PER AZIONI 28,871 28,871
    ENERGIAS DE PORTUGAL SA 17,529 17,529
    ENGIE 13,764 13,764
    ENTERGY CORPORATION 21,516 21,516
    EON AG 8,555 8,555
    EPIROC AB 9,848 9,848
    EQUINIX INC 62,592 62,592
    EQUITY RESIDENTIAL 25,702 25,702
    ERICSSON AMERICAN 20,316 20,316
    ERSTE GROUP BANK AG 8,229 8,229
    ESSEX PROPERTY TRUST INC 18,316 18,316
    ESSILOR INTERNATIONAL SA 24,913 24,913
    ESTEE LAUDER COMPANIES INC 72,559 72,559
    ETSY INC 23,208 23,208
    EVEREST REAL ESTATE GROUP LTD 8,218 8,218
    EVERSOURCE ENERGY 25,201 25,201
    EXELON CORPORATION 49,500 49,500
    EXPEDITORS INTERNATIONAL OF WASHINGTON 17,323 17,323
    FAST RETAILING CO LTD 17,582 17,582
    FEDERAL REALTY INVESTMENT TRUST 7,907 7,907
    FEDEX CORPORATION 52,504 52,504
    FERGUSON PLC 49,332 49,332
    FERRARI NV 12,682 12,682
    FERROVIAL SA 9,747 9,747
    FIDELITY LARGE CAP VALUE INDEX FUND 1,029,867 1,029,867
    FIFTH THIRD BANCORP 26,086 26,086
    FIRST REPUBLIC BANK 27,672 27,672
    FLEX LTD 9,458 9,458
    FMC CORPORATION 10,440 10,440
    FORD MOTOR COMPANY 69,185 69,185
    FORTESCUE METALS GROUP LTD 15,615 15,615
    FREEPORT-MCMORAN INC 51,620 51,620
    FRESENIUS MEDICAL CARE AG & CO 5,778 5,778
    FRESENIUS SE & CO 3,382 3,382
    FUJIFILM HOLDINGS CORPORATION 12,068 12,068
    FUJITSU LTD 17,305 17,305
    GAP INC 3,053 3,053
    GEBERIT AG 13,904 13,904
    GENERAL ELECTRIC COMPANY 87,007 87,007
    GENERAL MILLS INC 33,420 33,420
    GENERAL MOTORS COMPANY 72,174 72,174
    GILDAN ACTIVEWEAR INC 7,333 7,333
    GILEAD SCIENCES 75,369 75,369
    GIVAUDAN SA 15,778 15,778
    GLOBANT SA 7,852 7,852
    GLOBE LIFE INC 937 937
    GRIFOLS SA 135 135
    GSK PLC 58,741 58,741
    HALLIBURTON COMPANY 18,639 18,639
    HANG LUNG PROPERTIES LIMITED 4,989 4,989
    HARTFORD FINANCIAL SERVICES GROUP 18,986 18,986
    HASBRO INC 9,974 9,974
    HEALTHPEAK PROPERTIES INC 16,818 16,818
    HEIDELBERGCEMENT AG 3,181 3,181
    HEINEKEN HOLDINGS NV 1,753 1,753
    HEINEKEN NV 8,769 8,769
    HENKEL AG AND CO 2,346 2,346
    HEWLETT PACKARD ENTERPRISE CO 15,549 15,549
    HEXAGON AKTIEBOLAG 21,768 21,768
    HILTON WORLDWIDE HOLDINGS INC 34,318 34,318
    HITACHI CONSTR MACHINERY CO LTD 3,985 3,985
    HITACHI LTD 27,267 27,267
    HOLCIM LTD 8,320 8,320
    HOLOGIC INCORPORATED 14,929 14,929
    HONDA MOTOR LTD 27,625 27,625
    HONG KONG EXCHANGES & CLEARING 35,398 35,398
    HONGKONG LAND HOLDINGS LTD 6,708 6,708
    HORMEL FOODS CORPORATION 9,860 9,860
    HOST HOTELS & RESORTS INC 10,417 10,417
    HP INC 35,937 35,937
    HSBC HOLDINGS PLC 55,084 55,084
    HUMANA INC 50,097 50,097
    HUNTINGTON BANCSHARES INC 17,733 17,733
    HUSQVARNA AB 7,839 7,839
    IBERDROLA SOCIEDAD ANONIMA 25,997 25,997
    IHS MARKIT LTD 44,794 44,794
    ILLINOIS TOOL WORKS 57,504 57,504
    ILLUMINA INC 48,696 48,696
    INDUSTRIA DE DISENO TEXTIL 15,054 15,054
    INFINEON TECHNOLOGIES AG 27,858 27,858
    ING GROEP NV 30,443 30,443
    INGERSOLL RAND INC 20,479 20,479
    INTEL CORPORATION 174,276 174,276
    INTERCONTINENTAL HOTELS GROUP 28,497 28,497
    INTERNATIONAL BUSINESS MACHINES CORP 100,245 100,245
    INTERNATIONAL FLAVORS & FRAGRANCE 32,239 32,239
    INTERNATIONAL PAPER CO 16,537 16,537
    INTERPUBLIC GROUP COMPANIES 11,872 11,872
    INTESA SANPAOLO SPA 16,695 16,695
    INVESCO LTD 11,073 11,073
    IRON MOUNTAIN INCORPORATED 12,926 12,926
    ISHARES RUSSELL 2000 SMALL-CAP INDEX FUND K 4,533,653 4,533,653
    ISUZU MOTORS LTD 1,566 1,566
    ITOCHU CORP 23,035 23,035
    JAPAN AIRLINES CO LTD 9,173 9,173
    JOHNSON & JOHNSON 373,788 373,788
    JOHNSON CONTROLS INTERNATIONAL 48,542 48,542
    JPMORGAN CHASE & CO 388,116 388,116
    JSR CORP 3,077 3,077
    KAO CORPORATION 11,238 11,238
    KBC GROUP NV 31,665 31,665
    KDDI CORPORATION 23,561 23,561
    KELLOGG COMPANY 14,881 14,881
    KERING 25,724 25,724
    KESKO OYJ 5,539 5,539
    KEYCORP 18,065 18,065
    KEYSIGHT TECHNOLOGIES INC 30,357 30,357
    KIMBERLY-CLARK CORPORATION 41,018 41,018
    KIMCO REALTY CORPORATION 14,346 14,346
    KINDER MORGAN INC 23,727 23,727
    KINROSS GOLD CORPORATION 5,049 5,049
    KLA CORP 53,764 53,764
    KOMATSU LTD 12,397 12,397
    KONE OYJ 11,972 11,972
    KONINKLIJKE AHOLD NV 12,303 12,303
    KONINKLIJKE PHILIPS NV 16,030 16,030
    KROGER COMPANY 25,527 25,527
    KUBOTA CORP 13,194 13,194
    KUEHNE & NAGEL INTERNATIONAL 6,462 6,462
    KURITA WATER INDUSTRIES LIMITED 1,517 1,517
    LAM RESEARCH CORPORATION 84,141 84,141
    LAS VEGAS SANDS CORP 10,652 10,652
    LEGRAND SA 9,713 9,713
    LEIDOS HOLDINGS INC 9,335 9,335
    LINCOLN NATIONAL CORP INC 11,536 11,536
    LINDE PLC 147,926 147,926
    LIXIL GROUP CORPORATION 5,589 5,589
    LLOYDS BANKING GROUP PLC 33,283 33,283
    LOEWS CORPORATION 8,491 8,491
    LOREAL CO 45,045 45,045
    LOWES COMPANIES INC 149,143 149,143
    LUMEN TECHNOLOGIES INC 9,563 9,563
    LVMH MOET HENNESSY LOUIS VUITTON SA 88,462 88,462
    LYONDELLBASELL INDUSTRIES NV 20,660 20,660
    MANULIFE FINANCIAL CORP 21,473 21,473
    MARATHON PETROLEUM CORPORATION 32,955 32,955
    MARRIOTT INTERNATIONAL INC 37,344 37,344
    MARUBENI CORP 18,666 18,666
    MARUI LTD 6,656 6,656
    MASTERCARD INCORPORATED 262,663 262,663
    MC DONALDS CORP 165,399 165,399
    MCCORMICK & CO 17,293 17,293
    MCKESSON CORPORATION 32,066 32,066
    MEDIOBANCA BANCA DI CREDITO 5,990 5,990
    MEDTRONIC PUBLIC LIMITED COMPANY 116,278 116,278
    MELCO RESORTS & ENTERTAINMENT 1,843 1,843
    MERCEDES-BENZ GROUP AG 31,425 31,425
    MERCK & CO 160,408 160,408
    MERCK KGAA 9,035 9,035
    META PLATFORMS INC 660,928 660,928
    METLIFE INC 40,806 40,806
    METTLER-TOLEDO INTERNATIONAL 33,944 33,944
    MGM RESORTS INTERNATIONAL 14,945 14,945
    MICROCHIP TECHNOLOGY INC 40,309 40,309
    MICRON TECHNOLOGY INC 86,536 86,536
    MICROSOFT CORPORATION 2,095,610 2,095,610
    MINEBEA MITSUMI INC 5,500 5,500
    MITSUBISHI CHEMICAL HOLDINGS 5,475 5,475
    MITSUBISHI ELECTRIC CORP 13,957 13,957
    MITSUBISHI ESTATE LTD 19,981 19,981
    MITSUBISHI UFJ FINANCIAL GROUP 35,517 35,517
    MITSUI & CO LTD 26,489 26,489
    MIZUHO FINANCIAL GROUP INC 13,298 13,298
    MOHAWK INDUSTRIES INC 7,834 7,834
    MOLSON COORS BEVERAGE CO 7,323 7,323
    MONDELEZ INTERNATIONAL INC 76,654 76,654
    MOODY'S CORPORATION 58,587 58,587
    MORGAN STANLEY 129,964 129,964
    MS&AD INSURANCE GROUP HOLDINGS 11,403 11,403
    MSCI INC 45,952 45,952
    MTU AERO ENGINES HOLDINGS AG 7,345 7,345
    MUENCHENER RUECKVERSICHERUNGS 21,329 21,329
    MURATA MANUFACTURING CO LTD 27,037 27,037
    NASDAQ INC 26,041 26,041
    NATIONAL AUSTRALIA BANK LIMITED 37,134 37,134
    NATIONAL GRID PLC 45,779 45,779
    NATWEST GROUP PLC 18,562 18,562
    NESTE OYJ 9,714 9,714
    NESTLE SA 147,979 147,979
    NEWCREST MINING LIMITED 12,655 12,655
    NEWELL BRANDS INC 6,923 6,923
    NEWMONT CORP 40,313 40,313
    NEWS CORPORATION CL A 6,068 6,068
    NEWS CORPORATION CL B 360 360
    NEXI SPA 4,550 4,550
    NIELSEN HOLDINGS PLC 6,604 6,604
    NIKE INC 176,337 176,337
    NIKON CORP 4,566 4,566
    NINTENDO CO LTD 27,022 27,022
    NIPPON TELEGRAPH & TELEPHONE 13,786 13,786
    NISOURCE INC 9,470 9,470
    NISSAN MOTOR CO LTD 8,111 8,111
    NITTO DENKO CORP 8,183 8,183
    NN GROUP NV 11,370 11,370
    NOKIA CORPORATION 15,948 15,948
    NOMURA HOLDINGS INC 11,254 11,254
    NOMURA RESEARCH INSTITUTE LTD 9,814 9,814
    NORDIC SEMICONDUCTOR ASA 8,808 8,808
    NORFOLK SOUTHERN CORP 60,733 60,733
    NORTHERN TRUST CORP 31,577 31,577
    NORTONLIFELOCK INC 11,873 11,873
    NOVARTIS AG 87,907 87,907
    NOVO-NORDISK AS 90,272 90,272
    NOVOZYMES AS 9,199 9,199
    NRG ENERGY INC 8,788 8,788
    NSK LTD 6,768 6,768
    NUTRIEN LTD 22,710 22,710
    NVIDIA CORPORATION 610,278 610,278
    OLYMPUS CORPORATION 15,484 15,484
    OMNICOM GROUP 12,529 12,529
    OMRON CORP 13,435 13,435
    ONEOK INC 22,094 22,094
    ORANGE 12,101 12,101
    ORGANON & CO 5,786 5,786
    ORKLA AS 19,218 19,218
    ORSTED AS 15,069 15,069
    PACCAR INC 26,213 26,213
    PANASONIC CORPORATION 12,918 12,918
    PARKER-HANNIFIN CORP 36,584 36,584
    PEARSON PLC 7,686 7,686
    PENTAIR PLC 8,033 8,033
    PEPSICO INC 196,987 196,987
    PERNOD RICARD 21,406 21,406
    PFIZER INC 274,878 274,878
    PINNACLE WEST CAPITAL CORP 4,588 4,588
    PNC FINANCIAL SERVICES GROUP 70,182 70,182
    PPG INDUSTRIES INC 33,798 33,798
    PPL CORPORATION 18,938 18,938
    PRINCIPAL FINANCIAL GROUP INC 16,491 16,491
    PROLOGIS INC 101,858 101,858
    PRUDENTIAL FINANCIAL INC 43,837 43,837
    PRYSMIAN SPA 6,702 6,702
    PUBLIC SERVICES ENTERPRISE GROUP HOLDING CO 28,294 28,294
    PULTEGROUP INC 13,032 13,032
    PVH CORP 6,292 6,292
    QUALCOMM INC 170,252 170,252
    QUEST DIAGNOSTICS INCORPORATED 16,609 16,609
    RAKUTEN GROUP INC 6,864 6,864
    RALPH LAUREN CORP 4,398 4,398
    RBC EMERGING MARKETS EQUITY FUND 1,911,376 1,911,376
    REALTY INCOME CORPORATION 32,359 32,359
    RECRUIT HOLDINGS CO LTD 48,920 48,920
    RED ELECTRICA CORPORACION SA 1,731 1,731
    REGENCY CENTERS CORPORATION 10,097 10,097
    REGENERON PHARMACEUTICAL INC 54,942 54,942
    REGIONS FINANCIAL CORPORATION 17,309 17,309
    RELX PLC 63,850 63,850
    REPUBLIC SERVICES INC 23,985 23,985
    RESMED INC 31,779 31,779
    RIO TINTO PLC 50,741 50,741
    ROCHE HOLDING AG 107,763 107,763
    ROCKWELL AUTOMATION INC 33,490 33,490
    ROGERS COMMUNICATIONS INC 10,288 10,288
    ROHM CO LTD 3,819 3,819
    ROYAL BANK OF CANADA 78,544 78,544
    ROYAL CARIBBEAN GROUP 14,996 14,996
    ROYAL DSM NV 12,609 12,609
    RWE AG 12,227 12,227
    S&P GLOBAL INC 100,049 100,049
    SALESFORCE INC 206,099 206,099
    SAMPO OYJ 19,040 19,040
    SAND VIK 18,330 18,330
    SANDS CHINA LTD 5,497 5,497
    SANOFI 47,194 47,194
    SANTEN PHARMACEUTICAL CO LTD 7,111 7,111
    SAP SE 56,324 56,324
    SCHLUMBERGER LTD 34,622 34,622
    SCHNEIDER ELECTRIC SE 36,871 36,871
    SEAGATE TECHNOLOGY HOLDING PLC 19,772 19,772
    SECOM LTD 8,253 8,253
    SEIKO EPSON CORPORATION 5,036 5,036
    SEKISUI CHEMICAL CO LTD 7,177 7,177
    SEKISUI HOUSE LTD 9,799 9,799
    SEMPRA ENERGY 34,393 34,393
    SGS SA 10,032 10,032
    SHISEIDO CO LTD 10,973 10,973
    SHOPIFY INC 82,643 82,643
    SIEMENS AKTIENGESELLSCHAFT 48,963 48,963
    SIKA AG 25,871 25,871
    SIMON PROPERTY GROUP INC 46,014 46,014
    SINGAPORE TELECOMMUNICATIONS LTD 13,612 13,612
    SKF AB 7,866 7,866
    SMITH & NEPHEW PLC 16,929 16,929
    SMURFIT KAPPA GROUP PUBLIC LIMITED 14,653 14,653
    SODEXO 7,361 7,361
    SOFTBANK CORP 10,560 10,560
    SOLVAY 3,138 3,138
    SONY GROUP CORPORATION 73,818 73,818
    SOUTH32 LIMITED 8,819 8,819
    SOUTHWEST AIRLINES CO 21,549 21,549
    SPARK NEW ZEALAND LTD 8,526 8,526
    SPOTIFY TECHNOLOGY SA 14,042 14,042
    STANLEY BLACK & DECKER INC 24,898 24,898
    STARBUCKS CORP 113,929 113,929
    STATE STREET CORPORATION 38,688 38,688
    STATE STREET HEDGED INTERNATIONAL DEVELOPED EQUITY INDEX FUND K 6,530,522 6,530,522
    STELLANTIS NV 17,484 17,484
    STORA ENSO OYJ 2,092 2,092
    SUBARU CORP 10,574 10,574
    SUMCO CORPORATION 2,489 2,489
    SUMITOMO CHEMICAL COMPANY LTD 11,014 11,014
    SUMITOMO CORPORATION 13,512 13,512
    SUMITOMO MITSUI FINANCIAL GROUP 24,716 24,716
    SUN HUNG KAI PROP LTD 21,562 21,562
    SUN LIFE FINANCIAL INC 19,492 19,492
    SUZUKI MOTOR CORPORATION 10,615 10,615
    SWEDBANK AB 16,935 16,935
    SWISS RE LTD 10,500 10,500
    SWISSCOM 3,389 3,389
    SYNCHRONY FINANCIAL 21,711 21,711
    SYSMEX CORPORATION 13,098 13,098
    T ROWE PRICE GROUP INC 42,474 42,474
    TAKEDA PHARMACEUTICAL CO LTD 20,145 20,145
    TAPESTRY INC 10,109 10,109
    TARGET CORP 93,502 93,502
    TC ENERGY CORP 26,714 26,714
    TDK CORPORATION 10,995 10,995
    TE CONNECTIVITY LTD 44,530 44,530
    TECK RESOURCES LIMITED 7,291 7,291
    TEIJIN LTD 111 111
    TELEFONICA SA 11,092 11,092
    TELEKOM AUSTRIA AG 1,369 1,369
    TELENOR ASA 22,428 22,428
    TELEPERFORMANCE 12,928 12,928
    TELSTRA CORP 8,798 8,798
    TERNA RETE ELETTRICA NAZIONALE 13,009 13,009
    TEXAS INSTRUMENTS INC 143,614 143,614
    THE BANK OF NY MELLON CORP 48,845 48,845
    THE CLOROX COMPANY 16,913 16,913
    THE COCA-COLA COMPANY 190,715 190,715
    THE HERSHEY COMPANY 22,829 22,829
    THE HOME DEPOT INC 363,549 363,549
    THE JM SMUCKER COMPANY 12,088 12,088
    THE KRAFT HEINZ CO 21,396 21,396
    THE MOSAIC COMPANY 12,023 12,023
    THE PROCTER & GAMBLE COMPANY 328,469 328,469
    THE SOUTHERN CO 63,917 63,917
    THE TRAVELERS COMPANIES INC 31,286 31,286
    THE WALT DISNEY COMPANY 235,123 235,123
    THE WILLIAMS COMPANIES INC 26,352 26,352
    TJX COMPANIES INC 75,920 75,920
    TOKIO MARINE HOLDINGS INC 22,425 22,425
    TOKYO ELECTRON LIMITED 46,621 46,621
    TORAY INDUSTRIES INC 9,591 9,591
    TORONTO-DOMINION BANK 67,862 67,862
    TOSHIBA CORPORATION 9,283 9,283
    TOTO LTD 4,318 4,318
    TOYOTA MOTOR CORPORATION 104,324 104,324
    TRANE TECHNOLOGIES PUBLIC LIMITED 39,800 39,800
    TRUIST FINANCIAL CORPORATION 64,698 64,698
    TYSON FOODS INC 21,703 21,703
    UBS GROUP AG 33,238 33,238
    UMICORE GROUP 8,863 8,863
    UNILEVER PLC 73,101 73,101
    UNION PACIFIC CORP 134,783 134,783
    UNITED AIRLINES HOLDINGS INC 11,996 11,996
    UNITED PARCEL SERVICE INC 129,247 129,247
    UNITEDHEALTH GROUP INCORPORATED 393,176 393,176
    UNIVERSAL MUSIC GROUP NV 9,130 9,130
    UOL GROUP LIMITED 6,521 6,521
    UPM-KYMMENE OYJ 11,263 11,263
    US BANCORP 61,338 61,338
    VENTAS INC 17,330 17,330
    VENTURE CORPORATION LIMITED 5,093 5,093
    VEOLIA ENVIRONNEMENT 15,261 15,261
    VERISK ANALYTICS INC 27,676 27,676
    VERIZON COMMUNICATIONS INC 174,690 174,690
    VESTAS WIND SYSTEMS AS 16,513 16,513
    VF CORP 17,939 17,939
    VIATRIS INC 13,801 13,801
    VINCI SA 27,048 27,048
    VISA INC 300,143 300,143
    VITESCO TECHNOLOGIES GROUP AG 393 393
    VIVENDI 5,111 5,111
    VODAFONE GROUP PLC 33,682 33,682
    VOLKSWAGEN AKTIENGESELLSCHAFT 13,926 13,926
    VOLKSWAGEN AKTIENGESELLSCHAFT 2,939 2,939
    VOLVO AB 24,221 24,221
    VONOVIA SE 23,440 23,440
    WALGREENS BOOTS ALLIANCE INC 31,087 31,087
    WASTE MANAGEMENT INC 55,912 55,912
    WATERS CORPORATION 18,257 18,257
    WEC ENERGY GROUP INC 23,491 23,491
    WELLS FARGO & CO 162,844 162,844
    WELLTOWER INC 31,992 31,992
    WESFARMERS LIMITED 35,224 35,224
    WEST PHARMACEUTICAL SERVICES INC 29,079 29,079
    WESTPAC BANKING CORP 45,227 45,227
    WESTROCK COMPANY 9,848 9,848
    WEYERHAEUSER COMPANY 25,408 25,408
    WHIRLPOOL CORP 11,264 11,264
    WILMAR INTERNATIONAL LIMITED 10,840 10,840
    WOLTERS KLUWER NV 8,365 8,365
    WORLDLINE SA 7,468 7,468
    WPP PLC 26,745 26,745
    WW GRAINGER INC 18,138 18,138
    XCEL ENERGY INC 28,705 28,705
    XYLEM INC 15,710 15,710
    YAMAHA CORPORATION 5,613 5,613
    YASKAWA ELECTRIC CORP 8,914 8,914
    YOKOGAWA ELECTRIC CORPORATION 4,034 4,034
    YUM BRANDS INC 31,244 31,244
    Z HOLDINGS CORPORATION 8,647 8,647
    ZALANDO SE 6,229 6,229
    ZIMMER BIOMET HOLDINGS INC 22,486 22,486
    ZURICH INS GROUP LTD 22,412 22,412

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    US Government Securities - End of Year Book Value:

    7,308,763
    US Government Securities - End of Year Fair Market Value:

    7,308,763
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACCRUED INTEREST FMV 84,741 84,741
    BLUE BEAR CAPITAL PARTNERS II LP FMV 133,368 133,368
    CVI CLEAN ENERGY FUND C LP FMV 271,681 271,681
    G2VP II LLC FMV 73,787 73,787
    POWERPLANT VENTURES III LP FMV 22,266 22,266

    TY 2021 LegalFeesSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 847 0   847


    TY 2021 OtherExpensesSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LICENSES AND FEES 225 0   245
    OTHER EXPENSES 4,800 0   4,800
    BANK FEES 761 0   761
    BOND PREMIUM AMORTIZATION 93,579 93,579   0
    ALTERNATIVE INVESTMENT EXPENSES 0 36,061   0
    OTHER INVESTMENT EXPENSES 7,062 7,062   0


    TY 2021 OtherIncomeSchedule2
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ALTERNATIVE INVESTMENTS 202   202


    TY 2021 OtherIncreasesSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 6,131,567


    TY 2021 OtherLiabilitiesSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE 177,000 6,000
    DEFERRED TAX LIABILITY 104,000 192,000


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 348,519 348,519   0


    TY 2021 TaxesSchedule
    Name:
    PRESTON-WERNER FOUNDATION
    EIN:
    83-2899018
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 122,000 0   0
    FOREIGN TAX 33,489 33,489   0