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
ROYCE FAMILY FUND INC
C/O ROYCE & ASSOCIATES
Number and street (or P.O. box number if mail is not delivered to street address)8 SOUND SHORE DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GREENWICH, CT06830
A Employer identification number

13-3318620
B Telephone number (see instructions)

(203) 869-3541
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$127,593,297J 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... 1,984,094 1,984,094  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,036,132
b Gross sales price for all assets on line 6a 12,565,948
7 Capital gain net income (from Part IV, line 2)... 6,009,566
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 -524,631 -513,841  
12 Total. Add lines 1 through 11........ 8,495,595 7,479,819  
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 1,466 0   1,466
b Accounting fees (attach schedule)....... Click to see attachment 26,235 6,559   19,676
c Other professional fees (attach schedule).... Click to see attachment 100,000 0   100,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 539,788 59,350   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 51,529 2,421   49,108
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 719,018 68,330   170,250
25 Contributions, gifts, grants paid....... 5,470,428 5,470,428
26 Total expenses and disbursements. Add lines 24 and 25 6,189,446 68,330   5,640,678
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,306,149
b Net investment income (if negative, enter -0-) 7,411,489
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......... 1,723,160 2,970,307 2,970,307
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 78,645,753 Click to see attachment78,663,594 90,201,739
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment33,176,522 Click to see attachment34,421,251 Click to see attachment34,421,251
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 113,545,435 116,055,152 127,593,297
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment41,872 Click to see attachment41,872
23 Total liabilities (add lines 17 through 22)......... 41,872 41,872
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 12,188,889 12,188,889
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 101,314,674 103,824,391
29 Total net assets or fund balances (see instructions)..... 113,503,563 116,013,280
30 Total liabilities and net assets/fund balances (see instructions). 113,545,435 116,055,152
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
113,503,563
2
Enter amount from Part I, line 27a .....................
2
2,306,149
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
203,568
4
Add lines 1, 2, and 3 ..........................
4
116,013,280
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
116,013,280
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 CARDIAC ASSIST INC P 2020-01-01 2021-12-31
b LT CAPITAL GAIN DISTRIBUTIONS P 2020-01-01 2021-12-31
c TOTAL SHORT-TERM COMMON TRUST FUND AND PARTNERSHIP P 2021-01-01 2021-12-31
d TOTAL LONG-TERM COMMON TRUST FUND AND PARTNERSHIP P 2020-01-01 2021-12-31
e 90740 SHS BNY MELLON EMERGING MARKETS P 2020-01-01 2021-12-17
104360 SHS ROYCE PREMIER FUND INVESTMENT P 2020-01-01 2021-12-31
75972 SHS ROYCE PREMIER FUND INVESTMENT P 2020-01-01 2021-12-31
128260 SHS OXFORD LANE CAPITAL P 2020-01-01 2021-12-31
OXFORD OXFORD LANE CAPITAL- CASH IN LIEU P 2021-01-01 2021-12-31
GAIN ON DISPOSITION OF KARNAK P 2020-01-01 2021-12-31
(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 20,090     20,090
b 453,976     453,976
c 1,027,309   406,538 620,771
d 5,340,882   620,028 4,720,854
e 1,112,477   792,543 319,934
1,404,347   1,571,269 -166,922
1,095,653   1,177,845 -82,192
1,999,543   1,988,159 11,384
4,343     4,343
107,328     107,328
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       20,090
b       453,976
c       620,771
d       4,720,854
e       319,934
      -166,922
      -82,192
      11,384
      4,343
      107,328
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 6,009,566
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........................... 3 103,020
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- ..... 5 103,020
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 106,719
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 45,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 151,719
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 48,699
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet48,699 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    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)
    bulletCT
    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 instructionsClick to see attachment.................
    12
    Yes
     
    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 ofbulletROYCE FAMILY FOUNDATION INC Telephone no.bullet (203) 869-3541

    Located atbullet8 SOUND SHORE DRIVEGREENWICHCT ZIP+4bullet06830
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CHARLES M ROYCE PRESIDENT AND TREASURER
    2.00     		0 0 0
    C/O ROYCE ASSOC 8 SOUND SHORE DR
    GREENWICH,CT06830
    NICHOLAS MOORE SECRETARY
    2.00     		0 0 0
    C/O ROYCE ASSOC 8 SOUND SHORE DR
    GREENWICH,CT06830
    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
    NICHOLAS C MOORE CONSULTING SERVICES 100,000
    8 SOUND SHORE DRIVE STE 140
    GREENWHICH,CT06830
    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 THE MAINTENANCE OF PREMISES AT 35 RAILROAD FOR USE OF PERFORMING ARTISTS THAT PROVIDE SERVICES FOR CHARITABLE ORGANIZATIONS. 27,253
    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 LOANS MADE TO HUNTER MOUNTAIN FOUNDATION INCONNECTION WITH CHARITABLE PURPOSE. 618,455
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet618,455
    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
    89,585,737
    b
    Average of monthly cash balances.......................
    1b
    800,308
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    90,386,045
    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
    90,386,045
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,355,791
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    89,030,254
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    4,451,513
    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
    4,451,513
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    103,020
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    210,232
    c
    Add lines 2a and 2b............................
    2c
    313,252
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,138,261
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    307,779
    5
    Add lines 3 and 4............................
    5
    4,446,040
    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
    4,446,040
    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 4,446,040
    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...... 4,491,868
    b From 2017...... 3,730,601
    c From 2018...... 3,075,763
    d From 2019...... 2,805,686
    e From 2020...... 2,629,521
    f Total of lines 3a through e ........ 16,733,439
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 6,768,185
    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..... 4,446,040
    e Remaining amount distributed out of corpus 2,322,145
    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 19,055,584
    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) ...     		4,491,868
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		14,563,716
    10 Analysis of line 9:
    a Excess from 2017.... 3,730,601
    b Excess from 2018.... 3,075,763
    c Excess from 2019.... 2,805,686
    d Excess from 2020.... 2,629,521
    e Excess from 2021.... 2,322,145
    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).)
    CHARLES M ROYCE
    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
    564 PARK AVENUE PRESERVATION
    564 PARK AVENUE
    NEW YORK,NY10065     		NONE PC GENERAL PURPOSES 6,000
    ABILIS
    50 GLENVILLE STREET
    GREENWICH,CT06831     		NONE PC GENERAL PURPOSES 1,000
    ALZHEIMER'S DRUG DISCOVERY
    57 W 57TH STREET
    NEW YORK,NY10019     		NONE PC GENERAL PURPOSES 10,000
    AMERICAN FILM INSTITUTE
    2021 NORTH WESTERN AVENUE
    LOS ANGELES,CA900271657     		NONE PC GENERAL PURPOSES 25,000
    AMERICAN FRIENDS ARCHBISHOP CANTERBURY ANGLICAN COMMUNION
    C/O MARION CARR 21 INDIAN CHASE DR
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 10,000
    AMIKIDS INC
    5915 BENJAMIN CENTER DRIVE
    TAMPA,FL33634     		NONE PC GENERAL PURPOSES 50,000
    ANCHOR HEALTH INITIATIVE CORP
    30 MYANO LN STE 16
    STAMFORD,CT06902     		NONE PC GENERAL PURPOSES 50,000
    ANGLICAN COMMUNION COMPASS ROSE
    1225 TEXAS AVENUE
    HOUSTON,TX77002     		NONE PC GENERAL PURPOSES 10,000
    ARTIST'S COOPERATIVE GALLERY OF WESTERLY
    14 RAILROAD AVENUE
    WESTERLY,RI02891     		NONE PC GENERAL PURPOSES 5,000
    ASPCA
    520 8TH AVENUE 7TH FLOOR
    NEW YORK,NY10018     		NONE PC GENERAL PURPOSES 5,000
    AT HOME IN GREENWICH
    139 E PUTNAM AVENUE
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 1,000
    AVON THEATRE FILM CENTER INC
    8 SOUND SHORE DRIVE
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 33,920
    AVONDALE CHAPEL FUND
    16 ELM STREET
    WESTERLY,RI02891     		NONE PC GENERAL PURPOSES 1,000
    BATH & TENNIS EMPLOYEES EASTER FUND
    1170 SOUTH OCEAN BLVD
    PALM BEACH,FL33480     		NONE PC GENERAL PURPOSES 1,000
    B-CC HIGH SCHOOL EDUCATION FOUNDATION
    PO BOX 31209
    BETHESDA,MD20824     		NONE PC GENERAL PURPOSES 1,000
    BERKELEY DIVINITY SCHOOL
    409 PROSPECT STREET
    NEW HAVEN,CT06511     		NONE PC GENERAL PURPOSES 550,000
    BIG BROTHERS BIG SISTERS OF NEW YORK
    40 RECTOR STREET 11TH FLOOR
    NEW YORK,NY10006     		NONE PC GENERAL PURPOSES 1,000
    BOYS AND GIRLS CLUB OF GREENWICH
    4 HORSENECK LANE
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 5,000
    BREAST CANCER ALLIANCE
    48 MAPLE AVENUE
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 1,000
    BREAST CANCER RESEARCH FOUNDATION
    28 W 44TH STREET SUITE 609
    NEW YORK,NY10036     		NONE PC GENERAL PURPOSES 1,000
    BRIDGEPORT RESCUE MISSION
    PO BOX 9057
    BRIDGEPORT,CT06601     		NONE PC GENERAL PURPOSES 1,000
    BROWN UNIVERSITY
    BOX 1822 69 BROWN STREET
    PROVIDENCE,RI02912     		NONE PC GENERAL PURPOSES 685,000
    BRUCE MUSEUM
    ONE MUSEUM DRIVE
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 24,200
    CAPTIVATED INTERNATIONAL
    702 E SIMPSON STREET UNIT 214
    MECHANICSBURG,PA10000     		NONE PC GENERAL PURPOSES 10,000
    CATSKILL MOUNTAIN FOUNDATION
    PO BOX 924
    HUNTER,NY12442     		NONE PC GENERAL PURPOSES 20,000
    CENTER FOR ACTION AND CONTEMPLATION
    1705 5 POINTS ROAD SW
    ALBUQUERGUE,NM87105     		NONE PC GENERAL PURPOSES 27,750
    CENTRAL PARK CONSERVANCY
    14 E 60TH STREET
    NEW YORK,NY10022     		NONE PC GENERAL PURPOSES 2,000
    CHILD GUIDANCE CENTER OF SOUTHERN CONNECTICUT
    103 W BROAD STREET
    STAMFORD,CT06902     		NONE PC GENERAL PURPOSES 1,000
    CHILDREN'S INSTITUTE
    2121 WEST TEMPLE STREET
    LOS ANGELES,CA90026     		NONE PC GENERAL PURPOSES 1,000
    CHILDREN'S LEARNING CENTERS OF FAIRFIELD COUNTY
    64 PALMER HILL ROAD
    STAMFORD,CT06902     		NONE PC GENERAL PURPOSES 1,000
    CHRIST CHURCH GREENWICH
    254 E PUTMAN AVENUE
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 190,279
    CHURCH OF THE HOLY SPIRIT
    4150 OLD POST ROAD
    CHARLESTOWN,RI02813     		NONE PC GENERAL PURPOSES 20,000
    COLONIAL THEATRE
    WILCOX PARK
    WESTERLY,RI02891     		NONE PC GENERAL PURPOSES 29,000
    COLORADE RSVP CLINIC
    3524 S CLARKSON STREET
    ENGLEWOOD,CA80113     		NONE PC GENERAL PURPOSES 500
    COMPASS ROSE SOCIETY
    1225 TEXAS AVENUE
    HOUSTON,TX77002     		NONE PC GENERAL PURPOSES 20,000
    CONNECTICUT FOOD BANK
    229 MOUNTAIN GROVE STREET
    BRIDGEPORT,CT06605     		NONE PC GENERAL PURPOSES 1,000
    CONNECTICUT LANDMARKS
    59 SOUTH PROSPECT STREET
    HARTFORD,CT06106     		NONE PC GENERAL PURPOSES 1,000
    COVENANT HOUSE INTERNATIONAL
    461 8TH AVENUE
    NEW YORK,NY10001     		NONE PC GENERAL PURPOSES 1,000
    DARIEN BOOK AID PLAN INC
    1926 POST ROAD
    DARIEN,CT06820     		NONE PC GENERAL PURPOSES 1,000
    DOCTORS WITHOUT BORDERS
    40 RECTOR STREET 16TH FLOOR
    NEW YORK,NY10006     		NONE PC GENERAL PURPOSES 1,500
    DR JOSEPH A ROMEO SCHOLARSHIP FUND
    1100 GRACE HALL
    NOTRE DAME,IN16556     		NONE PC GENERAL PURPOSES 1,000
    EAST BEACH ASSOCIATION
    PO BOX 1055
    WESTERLY,RI02891     		NONE PC GENERAL PURPOSES 2,000
    EPISCOPAL CHURCH FOUNDATION
    475 RIVERSIDE DRIVE 750
    NEW YORK,NY10115     		NONE PC GENERAL PURPOSES 10,000
    EPISCOPAL CHURCH IN CONNECTICUT
    290 PRATT STREET
    MERIDEN,CT06450     		NONE PC GENERAL PURPOSES 220,000
    EUGENE O'NEILL THEATER CENTER
    305 GREAT NECK ROAD
    WATERFORD,CT06385     		NONE PC GENERAL PURPOSES 5,000
    FAMILY CENTERS
    40 ARCH STREET
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 1,000
    FERNANDO PULLMAN COMMUNITY ARTS CENTER
    3551 W 43RD STREET
    LOS ANGELES,CA90008     		NONE PC GENERAL PURPOSES 10,000
    FLORIDA WILDLIFE FEDERATION
    2545 BLAIRSTONE PINES DRIVE
    TALLAHASSE,FL32301     		NONE PC GENERAL PURPOSES 1,000
    FOCUS
    PO BOX 1027
    NEW CANAAN,CT06840     		NONE PC GENERAL PURPOSES 20,000
    FOOD RESCUE US
    1127 HIGH RIDGE ROAD SUITE 338
    STAMFORD,CT06905     		NONE PC GENERAL PURPOSES 2,500
    FORWARD MOVEMENT
    412 SYCAMORE STREET
    CINCINNATI,OH45202     		NONE PC GENERAL PURPOSES 50,000
    FRENCH HERITAGE SOCIETY
    14 E 60TH STREET
    NEW YORK,NY10022     		NONE PC GENERAL PURPOSES 2,750
    FRICK COLLECTION
    1 E 70TH STREET
    NEW YORK,NY10021     		NONE PC GENERAL PURPOSES 610,000
    FRIENDS OF NATHANIEL WITHERALL INC
    70 PARSONAGE ROAD
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 1,000
    GREENWICH ACADEMY
    220 NORTH MAPLE AVENUE
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 2,500
    GREENWICH ARTS COUNCIL
    299 GREENWICH AVENUE
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 1,000
    GREENWICH COUNTRY DAY SCHOOL
    401 OLD CHURCH STREET
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 2,500
    GREENWICH DEPT OF HUMAN SERVICES FUNDS INC
    101 FIELD POINT ROAD
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 1,000
    GREENWICH GREEN & CLEAN
    113 PEMBERWICK ROAD
    GREENWICH,CT06831     		NONE PC GENERAL PURPOSES 1,000
    GREENWICH HISTORICAL SOCIETY
    47 STRICKLAND ROAD
    COS COB,CT06807     		NONE PC GENERAL PURPOSES 10,000
    GREENWICH LAND TRUST
    370 ROUND HILL ROAD
    GREENWICH,CT06831     		NONE PC GENERAL PURPOSES 5,000
    GREENWICH LIBRARY
    101 W PUTNAM AVENUE
    GREENWICH,CT06831     		NONE PC GENERAL PURPOSES 20,000
    GREENWICH TREE CONSERVANCY
    PO BOX 4315
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 1,000
    GREENWICH UNITED WAY
    500 WEST PUTNAM AVENUE
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 10,000
    HAROLD ROBINSON FOUNDATION
    269 BEVERLY DRIVE 338
    BEVERLY HILLS,CA90212     		NONE PC GENERAL PURPOSES 1,000
    HEART TRUST INC
    355 E 72ND STREET 1214
    NEW YORK,NY10021     		NONE PC GENERAL PURPOSES 1,000
    HILL HOUSE
    101 RIVERSIDE AVENUE
    RIVERSIDE,CT06878     		NONE PC GENERAL PURPOSES 7,000
    HISTORICAL SOCIETY OF PALM BEACH COUNTY
    PO BOX 4364
    WEST PALM BEACH,FL33402     		NONE PC GENERAL PURPOSES 1,000
    HOLY TRINITY EPISCOPAL CHURCH
    211 TRINITY PLACE
    WEST PALM BEACH,FL33401     		NONE PC GENERAL PURPOSES 25,000
    INTERNATIONAL FRIENDS OF THE LONDON LIBRARY
    515 MADISON AVENUE SUITE 725
    NEW YORK,NY10022     		NONE PC GENERAL PURPOSES 5,000
    KIDS IN CRISIS
    1 SALEM STREET
    COS COB,CT06807     		NONE PC GENERAL PURPOSES 1,000
    KITTLE FAMILY FUND
    8 SOUND SHORE DRIVE
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 25,000
    KNICKERBOCKER MUSIC CENTER INC
    35 RAILROAD AVENUE
    WESTERLY,RI02891     		NONE PC GENERAL PURPOSES 67,000
    LAGRUA CENTER
    32 WATER STREET
    STONINGTON,CT06378     		NONE PC GENERAL PURPOSES 1,500
    LAKE ERIE COLLEGE FUND
    391 W WASHINGTON STREET
    PAINESVILLE,OH44077     		NONE PC GENERAL PURPOSES 20,000
    LAWRENCE & MEMORIAL HOSPITAL
    365 MONTAUK AVENUE
    NEW LONDON,CT06320     		NONE PC GENERAL PURPOSES 5,000
    LINCOLN CENTER OF PERFORMING ARTS
    LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE PC GENERAL PURPOSES 3,000
    LITERACY PARTNERS
    75 MAIDEN LANE 1102
    NEW YORK,NY10038     		NONE PC GENERAL PURPOSES 25,000
    MARKART LLC
    414 MCCOSH STREET
    HANOVER,PA17331     		NONE PC GENERAL PURPOSES 5,000
    MEMORIAL SLOAN KETTERING CANCER CENTER
    885 2ND AVENUE 7TH FLOOR
    NEW YORK,NY10017     		NONE PC GENERAL PURPOSES 2,000
    MERRY GO ROUND
    1/2 BOLLING PLACE
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 1,000
    MILL RIVER COLLABORATIVE
    1010 WASHINGTON BLVD
    STAMFORD,CT06901     		NONE PC GENERAL PURPOSES 7,500
    MOUNTAIN TOP ARBORETUM
    PO BOX 379
    TANNERSVILLE,NY12485     		NONE PC GENERAL PURPOSES 1,000
    MOUNTAIN TOP LIBRARY
    6093 MAIN STREET
    TANNERSVILLE,NY12485     		NONE PC GENERAL PURPOSES 7,000
    NATIONAL TRUST FOR HISTORIC PRESERVATION
    2600 VIRGINIA AVENUE SUITE 1100
    WASHINGTON,DC20037     		NONE PC GENERAL PURPOSES 100,000
    NCC FOUNDATION INC
    188 RICHARDS AVENUE
    NORWALK,CT06854     		NONE PC GENERAL PURPOSES 1,000
    NEIGHBOR TO NEIGHBOR
    248 E PUTNAM AVENUE
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 5,000
    NEW ENGLAND SOCIETY OF THE CITY OF NEW YORK
    355 LEXINGTON AVENUE 15TH FLOOR
    NEW YORK,NY10017     		NONE PC GENERAL PURPOSES 1,300
    NEW YORK BOTANICAL GARDEN
    2900 SOUTHERN BOULEVARD
    BRONX,NY10458     		NONE PC GENERAL PURPOSES 400,000
    NEW YORK PUBLIC LIBRARY RADIO GALA
    160 VARICK STREET
    NEW YORK,NY10013     		NONE PC GENERAL PURPOSES 51,000
    NEW YORK YACHT CLUB FOUNDATION
    37 W 44TH STREET
    NEW YORK,NY10036     		NONE PC GENERAL PURPOSES 1,000
    NORTON MUSEUM OF ART
    1450 S DIXIE HIGHWAY
    WEST PALM BEACH,FL33401     		NONE PC GENERAL PURPOSES 2,000
    NYC AUX POLICE FOUNDATION
    120-55 QUEENS BOULEVARD
    KEY GARDENS,NY11424     		NONE PC GENERAL PURPOSES 1,000
    OCEAN COMMUNITY UNITED THEATER
    5 CANAL STREET
    WESTERLY,RI02891     		NONE PC GENERAL PURPOSES 481,934
    OCEAN COMMUNITY YMCA
    95 HIGH STREET
    WESTERLY,RI02891     		NONE PC GENERAL PURPOSES 15,000
    ORDER OF ST JOHN
    1850 M STREET NW SUITE 1070
    WASHINGTON,DC20036     		NONE PC GENERAL PURPOSES 3,500
    PALM BEACH CATS INC
    PO BOX 173
    PALM BEACH,FL33480     		NONE PC GENERAL PURPOSES 1,000
    PALM BEACH ISLAND HOSPICE FOUNDATION
    139 N COUNTY ROAD
    PALM BEACH,FL33480     		NONE PC GENERAL PURPOSES 1,000
    PARK AVENUE ARMORY
    643 PARK AVENUE
    NEW YORK,NY10065     		NONE PC GENERAL PURPOSES 10,000
    PARTNERSHIP SCHOOLS
    101 1ST AVENUE
    NEW YORK,NY10022     		NONE PC GENERAL PURPOSES 50,000
    PEGGY ADAMS RESCUE CENTER
    3200 N MILITARY TRAIL 3100
    WEST PALM BEACH,FL33409     		NONE PC GENERAL PURPOSES 2,500
    PERROT MEMORIAL LIBRARY ASSOCIATION
    90 SOUND BEACH AVENUE
    RIVERSIDE,CT06870     		NONE PC GENERAL PURPOSES 1,000
    PINE POINT SCHOOL
    89 BARNES ROAD
    STONINGTON,CT06378     		NONE PC GENERAL PURPOSES 5,000
    PLANNED PARENTHOOD OF NEW ENGLAND
    345 WHITNEY AVENUE
    NEW HAVEN,CT06511     		NONE PC GENERAL PURPOSES 1,000
    PRESERVATION CONNECTICUT
    940 WHITNEY AVENUE
    NEW HAVEN,CT06511     		NONE PC GENERAL PURPOSES 1,000
    PRESERVATION FOUNDATION OF PALM BEACH
    311 PERUVIAN AVENUE
    PALM BEACH,FL33480     		NONE PC GENERAL PURPOSES 32,000
    PRRESERVATION LEAGUE OF NEW YORK
    44 CENTRAL AVENUE
    ALBANY,NY12206     		NONE PC GENERAL PURPOSES 2,000
    REACH PREP
    1 DOCK STREET
    STAMFORD,CT06902     		NONE PC GENERAL PURPOSES 1,000
    REGINA PACIS ACADEMY
    8 LEONARD STREET
    NORWALK,CT06850     		NONE PC GENERAL PURPOSES 12,000
    RIVER HOUSE
    125 RIVER ROAD EXTENSION
    COS COB,CT06807     		NONE PC GENERAL PURPOSES 1,000
    ROYCECONSLISK FAMILY FUND
    8 SOUND SHORE DRIVE
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 25,000
    ROYCEKITTLE FAMILY FUND
    8 SOUND SHORE DRIVE
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 25,000
    SCENIC HUDSON
    ONE CIVIC CENTER PLAZA
    POUGHKEEPSIE,NY12601     		NONE PC GENERAL PURPOSES 1,000
    SOUND WATERS
    1281 COVE ROAD
    STAMFORD,CT06902     		NONE PC GENERAL PURPOSES 10,000
    SOUP KITCHEN INC
    8655 BOYNTON BEACH
    BOYNTON BEACH,FL33472     		NONE PC GENERAL PURPOSES 1,500
    ST GEORGE'S SCHOOL
    372 PURGATORY ROAD
    MIDDLETOWN,RI02842     		NONE PC GENERAL PURPOSES 13,000
    STONINGTON FREE LIBRARY
    20 HIGH STREET
    STONINGTON,CT06378     		NONE PC GENERAL PURPOSES 30,000
    SYDA FOUNDATION
    PO BOX 600
    SO FALLSBURG,NY12779     		NONE PC GENERAL PURPOSES 50,000
    TELEMACHUS FOUNDATION INC
    11613 LOST TREE WAY
    N PALM BEACH,FL33408     		NONE PC GENERAL PURPOSES 12,500
    THE ACADEMY FOR TEACHERS
    10 WEST 90TH STREET
    NEW YORK,NY10024     		NONE PC GENERAL PURPOSES 2,000
    THE CATSKILL CENTER
    PO BOX 504
    ARKVILLE,NY12406     		NONE PC GENERAL PURPOSES 1,000
    THE CHORUS OF WESTERLY
    119 HIGH STREET
    WESTERLY,RI02891     		NONE PC GENERAL PURPOSES 5,000
    THE DETRIOT INSTITUTE OF RTS
    5220 WOODWARD AVENUE
    DETRIOT,MI48202     		NONE PC GENERAL PURPOSES 1,000
    THE EVERGLADES FOUNDATION
    12001 OLD CUTLER ROAD SUITE 625
    PALMETTO BAY,FL33157     		NONE PC GENERAL PURPOSES 6,000
    THE FOUNDATION FOR LANDSCAPE STUDIES
    7 W 81ST STREET
    NEW YORK,NY10027     		NONE PC GENERAL PURPOSES 1,000
    THE FUND FOR LREI
    40 CHARLTON STREET
    NEW YORK,NY10014     		NONE PC GENERAL PURPOSES 1,000
    THE GARDEN CONSERVANCY
    PO BOX 608
    GARRISON,NY10524     		NONE PC GENERAL PURPOSES 15,000
    THE HUNTER FOUNDATION
    5994 MAIN STREET
    TANNERSVILLE,NY12485     		NONE PC GENERAL PURPOSES 666,158
    THE LIVING CHURCH
    PO BOX 84
    CONGERS,NY10920     		NONE PC GENERAL PURPOSES 25,000
    THE METROPOLITAN MUSEUM OF ART
    100 5TH AVENUE
    NEW YORK,NY10028     		NONE PC GENERAL PURPOSES 10,000
    THE NATURE CONSERVANCY
    4245 N FAIRFAX SUITE 100
    ARLINGTON,VA22203     		NONE PC GENERAL PURPOSES 1,000
    THE NEW YORK PUBLIC LIBRARY
    445 FIFTH AVENUE
    NEW YORK,NY10016     		NONE PC GENERAL PURPOSES 98,390
    THE NEW YORK TIMES NEEDIST CASES
    PO BOX 5193
    NEW YORK,NY10087     		NONE PC GENERAL PURPOSES 10,000
    THE PRASAD PROJECT
    PO BOX 576
    FERNDALE,NY12734     		NONE PC GENERAL PURPOSES 25,000
    THE PRESERVATION SOCIETY OF NEWPORT COUNTY
    423 BELLEVUE AVENUE
    NEWPORT,RI02840     		NONE PC GENERAL PURPOSES 2,500
    THE PUBLIC'S RADIO
    1 UNION STATION
    PROVIDENCE,RI02903     		NONE PC GENERAL PURPOSES 25,000
    THE ROYAL OAK FOUNDATION
    20 W 44TH STREET SUITE 606
    NEW YORK,NY10036     		NONE PC GENERAL PURPOSES 1,000
    THE SOCIETY OF THE FOUR ARTS
    100 FOUR ARTS PLAZA
    PALM BEACH,FL33480     		NONE PC GENERAL PURPOSES 25,000
    THE SOUP KITCHEN
    8655 BOYNTON BEACH
    BOYNTON BEACH,FL33472     		NONE PC GENERAL PURPOSES 1,500
    THE WEEKAPAUG FOUNDATION FOR CONSERVATION
    PO BOX 3067
    WESTERLY,RI02891     		NONE PC GENERAL PURPOSES 2,000
    THE WESTERLY REVOLVING FUND
    43 BROAD STREET 3RD FLOOR
    WESTERLY,RI02891     		NONE PC GENERAL PURPOSES 13,600
    TOWN OF PALM BEACH UNITED WAY
    44 COCOANUT ROAD
    PALM BEACH,FL33480     		NONE PC GENERAL PURPOSES 1,000
    TRINITY REPERTORY COMPANY
    201 WASHINGTON STREET
    PROVIDENCE,RI02903     		NONE PC GENERAL PURPOSES 50,000
    TWO EAST SIXTY SECOND STREET FOUNDATION
    2 E 62ND STREET
    NEW YORK,NY10021     		NONE PC GENERAL PURPOSES 11,000
    WATCH HILL CHAPEL
    5 BLUFF AVENUE
    WESTERLY,RI02891     		NONE PC GENERAL PURPOSES 6,000
    WESTERLY ARMORY
    PO BOX 614
    WESTERLY,RI02891     		NONE PC GENERAL PURPOSES 1,000
    WESTERLY LAND TRUST
    449 WESTERLY BRANFORD ROAD
    WESTERLY,RI02891     		NONE PC GENERAL PURPOSES 92,747
    WIKIMEDIA FOUNDATION INC
    PO BOX 98204
    WASHINGTON,DC20090     		NONE PC GENERAL PURPOSES 1,000
    YALE CENTER FOR FAITH AND CULTURE
    409 PROSPECT STREET
    NEW HAVEN,CT06511     		NONE PC GENERAL PURPOSES 2,500
    YELLOW FARMHOUSE EDUCATION CENTER
    389 N MAIN STREET
    STONINGTON,CT06378     		NONE PC GENERAL PURPOSES 2,400
    YMCA GREENWICH
    50 E PUTNAM AVENUE
    GREENWICH,CT06830     		NONE PC GENERAL PURPOSES 1,000
    YOUNGLIFE
    420 NORTH CASCADE AVENUE
    COLORADO SPRINGS,CO80903     		NONE PC GENERAL PURPOSES 5,000
    Total .................................bullet 3a 5,470,428
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		900001 1,026,566 18 6,009,566  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aLOSS ON INVESTMENT IN LTD PARTNERSHIP     		523000 -33,999 18 -513,841  
    bNONDIVIDEND DISTRIBUTIONS FROM SECURITIES     14 23,209  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 992,567 7,503,028 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    8,495,595
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    ROYCE FAMILY FUND INC
     
    C/O ROYCE & ASSOCIATES
    EIN:
    13-3318620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING & TAX RETURN PREPARATION FEES 26,235 6,559   19,676

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    ROYCE FAMILY FUND INC
     
    C/O ROYCE & ASSOCIATES
    EIN:
    13-3318620
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ROYCE FAMILY INVESTMENTS LLC 45,088,760 54,902,306
    TICC MANAGEMENT 10,698,657 10,698,657
    BOUGANVILLE FUND MANAGEMENT 166,138 173,825
    TOCCATA CAPITAL FUND 547,001 492,044
    EVERSIDE FOUNDERS FUND 2,681,687 2,615,241
    THREE OCEAN PARTNERS LLC 88,345 55,281
    EVERSIDE FUND II 1,265,422 1,455,949
    BROADFIN HEALTHCARE FUND 52,635 97,562
    HELIOS STRATEGIC FUND LLC 3,443,162 3,426,354
    FOURTH SAIL LONG OFFSHORE 1,750,000 2,549,314
    GREENHAVEN ROAD CAPITAL 1,000,000 1,265,051
    MARBLEGATE SPECIAL OPPORTUNITIES FUND 1,200,816 2,494,422
    ROYCE PREMIER FUND 660,010 679,919
    ROYCE FINANICAL SERVICES FUND 1,077,261 1,618,574
    INTERNATIONAL FINE FOODS 276,200 0
    T ROWE PRICE - PRIME RESERVE 1,109 1,109
    ROYCE GLOBAL VALUE TRUST 97,931 105,911
    ROYCE VALUE TRUST INC 985,388 1,545,050
    BNY MELLON EMERGING MARKETS 0 783,282
    ROCKEFELLER CAPITAL MANAGEMENT 92,387 0
    OXFORD SQUARE CAP CORP 2,050,409 1,200,393
    OXFORD LANE CAP CORP 5,302,841 3,904,060
    EVERSIDE FUND III 137,435 137,435

    TY 2021 LegalFeesSchedule
    Name:
    ROYCE FAMILY FUND INC
     
    C/O ROYCE & ASSOCIATES
    EIN:
    13-3318620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES IN CONNECTION WITH FOUNDATION MATTERS 1,466 0   1,466


    TY 2021 OtherAssetsSchedule
    Name:
    ROYCE FAMILY FUND INC
     
    C/O ROYCE & ASSOCIATES
    EIN:
    13-3318620
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    AVON THEATER LLC - PRI 1,650,000 1,650,000 1,650,000
    WESTERLY HIGHER EDUCATION CENTER - PRI 2,344,409 2,389,102 2,389,102
    35 RAILROAD LLC - PRI 2,583,646 2,606,011 2,606,011
    WESTERLY NOTE - WESTERLY LAND TRUST FOUNDATION - PRI 5,882,794 5,882,794 5,882,794
    HUNTER MOUNTAIN FOUNDATION - PRI 18,663,335 19,034,012 19,034,012
    OCEAN COMMUNITY UNITED THEATRE - PRI 1,241,669 1,241,669 1,241,669
    WESTERLY HIGHER EDUCATION - LAND - PRI 446,319 446,319 446,319
    MOUNTAIN BROOK NOTE - PRI 60,000 0 0
    PROMISSORY NOTE - ANCHOR HEALTH INITIATIVE - PRI 300,000 225,000 225,000
    RECEIVABLE - STORAGE 4,350 4,350 4,350
    23 ELM STREET LLC 0 441,994 441,994
    SOUTHEAST ELEVATOR HOLDINGS 0 500,000 500,000


    TY 2021 OtherExpensesSchedule
    Name:
    ROYCE FAMILY FUND INC
     
    C/O ROYCE & ASSOCIATES
    EIN:
    13-3318620
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DIRECT CHARITABLE EXPENSES - SEE PART IX-A 27,253 0   27,253
    INVESTMENT EXPENSES 175 175   0
    INSURANCE 21,855 0   21,855
    BANK FEES 2,246 2,246   0


    TY 2021 OtherIncomeSchedule2
    Name:
    ROYCE FAMILY FUND INC
     
    C/O ROYCE & ASSOCIATES
    EIN:
    13-3318620
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    LOSS ON INVESTMENT IN LTD PARTNERSHIP -547,840 -513,841 -547,840
    NONDIVIDEND DISTRIBUTIONS FROM SECURITIES 23,209   23,209


    TY 2021 OtherIncreasesSchedule
    Name:
    ROYCE FAMILY FUND INC
     
    C/O ROYCE & ASSOCIATES
    EIN:
    13-3318620
    Description Amount
    NET UNREALIZED APPRECIATION ON PASS-THROUGH ENTITIES 203,568


    TY 2021 OtherLiabilitiesSchedule
    Name:
    ROYCE FAMILY FUND INC
     
    C/O ROYCE & ASSOCIATES
    EIN:
    13-3318620
    Description Beginning of Year - Book Value End of Year - Book Value
    OTHER PAYABLES 41,872 41,872


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    ROYCE FAMILY FUND INC
     
    C/O ROYCE & ASSOCIATES
    EIN:
    13-3318620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 100,000 0   100,000


    TY 2021 TaxesSchedule
    Name:
    ROYCE FAMILY FUND INC
     
    C/O ROYCE & ASSOCIATES
    EIN:
    13-3318620
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN WITHOLDING TAXES THROUGH PARTNERSHIPS 59,218 59,218   0
    FEDERAL UBTI TAX 345,438 0   0
    FOREIGN WITHOLDING TAXES THROUGH ROCKFELLER 132 132   0
    CT UBTI TAX 75,000 0   0
    FEDERAL EXCISE TAX ON NET INVESTMENT INCOME 60,000 0   0