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
FOUNDATION FOR INDIVIDUAL LIBERTY
 
Number and street (or P.O. box number if mail is not delivered to street address)56 N HADDON AVENUE FLOOR 3
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HADDONFIELD, NJ08033
A Employer identification number

52-1599160
B Telephone number (see instructions)

(856) 354-2200
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$9,503,435J 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   9,863  
4 Dividends and interest from securities... 241,315 133,961  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -701,767
b Gross sales price for all assets on line 6a 10,172,919
7 Capital gain net income (from Part IV, line 2)... 968,831
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 123,003 752 0
12 Total. Add lines 1 through 11........ -337,449 1,113,407 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 17,080 8,540 0 8,540
c Other professional fees (attach schedule)....   1,343    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 29,050 0 0 29,050
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 3,572 3,479 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 49,702 13,362 0 37,590
25 Contributions, gifts, grants paid....... 439,000 439,000
26 Total expenses and disbursements. Add lines 24 and 25 488,702 13,362 0 476,590
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -826,151
b Net investment income (if negative, enter -0-) 1,100,045
c Adjusted net income (if negative, enter -0-)... 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............. 659,622 3,817,735 3,817,735
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,701,200 Click to see attachment5,104,950 5,104,950
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).......... 2,004,475 Click to see attachment580,750 580,750
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) 8,365,297 9,503,435 9,503,435
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 8,365,297 9,503,435
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)..... 8,365,297 9,503,435
30 Total liabilities and net assets/fund balances (see instructions). 8,365,297 9,503,435
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
8,365,297
2
Enter amount from Part I, line 27a .....................
2
-826,151
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,964,289
4
Add lines 1, 2, and 3 ..........................
4
9,503,435
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
9,503,435
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 BP PLC SPONS ADR P 2021-01-29 2021-12-03
b BARCLAY PLC ADR P 2020-03-24 2021-01-29
c CHEVRON CORPORATION P 2021-02-16 2021-12-03
d CHIMERA INVT CORP NEW P 2020-09-14 2021-08-25
e FIRST EAGLE ALTERNATIVE P 2020-10-23 2021-06-11
GANNET CO INC NEW P 2020-04-24 2021-03-18
OWL ROCK CAP CORP P 2020-12-11 2021-03-17
PENN REAL EST INV TR SBI P 2020-04-24 2021-03-18
SIMON PROPERTY GROUP P 2020-11-11 2021-02-09
TWO HBRS INVT CORP NEW P 2020-11-17 2021-08-25
VEDANTA LTD SPONSORED ADR P 2020-11-17 2021-05-10
WASHINGTON PRIME GROUP P 2020-12-21 2021-06-14
WELLS FARGO & CO NEW P 2020-01-29 2021-01-22
GASLOG PARTNERS LP P 2020-11-18 2021-06-11
GOLAR PARTNERS LPCHG P 2020-05-01 2021-04-16
CREDIT SUSSIE GROUP P 2018-08-21 2021-01-29
FIRST EAGLE ALTERNATIVE P 2017-07-05 2021-06-11
ELLINGTON RESIDENTIAL P 2016-12-27 2021-03-18
GANNET CO INC NEW P 2019-04-24 2021-02-23
INVESCO MORTGAGE CAP INC P 2017-07-03 2021-06-11
MFA FINANCIAL INC P 2017-02-14 2021-06-11
NEW RESIDENTIAL INVT COR P 2016-06-08 2021-03-08
ORCHID ISLAND CAPITAL INC P 2018-03-21 2021-03-18
PENN REAL EST INV TR SBI P 2019-05-30 2021-03-16
VEDANTA LTD SPONSORED ADR P 2019-12-20 2021-05-10
WASHINGTON PRIME GROUP P 2019-04-08 2021-06-14
WELLS FARGO & CO NEW P 2020-02-28 2021-03-18
XINYUAN REAL ESTATE ADR P 2016-12-27 2021-07-20
UBS GROUP AG P 2018-10-23 2021-01-29
GASLOG PARTNERS LP P 2017-05-30 2021-06-11
GOLAR LNG PARTNERS LP UNIT LTD PARTNERSHIP INT P 2016-06-02 2021-04-16
GLOBAL PARTNERS LP P    
PLAINS ALL AMERICAN PIPELINE LP P    
USA COMPRESSION PARTNERS LP P    
USA COMPRESSION PARTNERS LP P    
GENESIS ENERGY LP P    
GENESIS ENERGY LP P    
ALLIANCE RESOURCE PARTNERS LP P    
SUBURBAN PROPANE PARTNERS LP P    
SUBURBAN PROPANE PARTNERS LP P    
ENERGY TRANSFER LP P    
MPLX LP P    
MPLX LP P    
SPRAGUE P    
SPRAGUE P    
WESTERN MIDSTREAM PARTNERS LP P    
WESTERN MIDSTREAM PARTNERS LP P    
ST CAPITAL LOSS FROM LPS P    
LT CAPITAL LOSS FROM LPS P    
SECTION 1231 GAINS LPS P    
BOOK LOSS P    
(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 1,054,349   958,851 95,498
b 184,507   105,460 79,047
c 1,647,892   1,471,357 176,535
d 355,090   261,680 93,410
e 93,722   55,529 38,193
229,426   39,278 190,148
137,183   127,255 9,928
55,492   20,246 35,246
991,910   785,720 206,190
169,541   149,616 19,925
80,594   29,514 51,080
45,433   96,576 -51,143
159,684   238,361 -78,677
77,363   66,981 10,382
88,750   64,898 23,852
197,973   217,114 -19,141
131,750   234,795 -103,045
61,916   61,710 206
237,003   408,437 -171,434
103,993   167,382 -63,389
93,394   152,742 -59,348
56,215   68,506 -12,291
59,491   60,114 -623
107,612   227,687 -120,075
298,479   190,544 107,935
36,330   305,662 -269,332
400,387   390,425 9,962
133,700   256,421 -122,721
294,373   264,814 29,559
76,972   283,081 -206,109
88,493   275,754 -187,261
157,224   87,844 69,380
83,349   105,556 -22,207
73,794   821 72,973
148,794   1,668 147,126
165,124   12,953 152,171
192,199   26,299 165,900
131,045   130,477 568
152,814   93,421 59,393
153,388   135,966 17,422
235,205   224,221 10,984
72,808   39,942 32,866
137,197   97,435 39,762
43,783   32,510 11,273
288,928   178,435 110,493
46,853     46,853
337,896     337,896
16     16
    30 -30
3,485     3,485
      0
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       95,498
b       79,047
c       176,535
d       93,410
e       38,193
      190,148
      9,928
      35,246
      206,190
      19,925
      51,080
      -51,143
      -78,677
      10,382
      23,852
      -19,141
      -103,045
      206
      -171,434
      -63,389
      -59,348
      -12,291
      -623
      -120,075
      107,935
      -269,332
      9,962
      -122,721
      29,559
      -206,109
      -187,261
      69,380
      -22,207
      72,973
      147,126
      152,171
      165,900
      568
      59,393
      17,422
      10,984
      32,866
      39,762
      11,273
      110,493
      46,853
      337,896
      16
      -30
      3,485
      0
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 2 968,831
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 1,345,107
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 15,291
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 15,291
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 29,662
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 29,662
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 14,371
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet14,371 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)
    bulletNJ
    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 addressbulletWWW.UMHOLDINGS.COM/FOUNDATION
    14
    The books are in care ofbulletREBECCA PRICE Telephone no.bullet (856) 354-2200

    Located atbullet56 N HADDON AVENUEHADDONFIELDNJ ZIP+4bullet08033
    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)
    Yes
     
    (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)
    Yes
     
    (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
    Yes
     
    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
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    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
    JOHN AGLIAORO CO-CHAIRMAN/TRUSTEE
    1.00     		0 0 0
    56 N HADDON AVENUE FLOOR 3
    HADDONFIELD,NJ08033
    JOAN CARTER CO-CHAIRMAN/SECRETARY/TRUSTEE
    1.00     		0 0 0
    56 N HADDON AVENUE FLOOR 3
    HADDONFIELD,NJ08033
    ARTHUR W HICKS JR V. PRESIDENT/TREASURER/TRUSTEE
    1.00     		0 0 0
    56 N HADDON AVENUE FLOOR 3
    HADDONFIELD,NJ08033
    JAMES CARLL ASSISTANT SECRETARY/TRUSTEE
    1.00     		0 0 0
    56 N HADDON AVENUE FLOOR 3
    HADDONFIELD,NJ08033
    LIESEL HENDERSON TRUSTEE
    1.00     		0 0 0
    56 N HADDON AVENUE FLOOR 3
    HADDONFIELD,NJ08033
    MARK HENDERSON TRUSTEE
    1.00     		0 0 0
    56 N HADDON AVENUE FLOOR 3
    HADDONFIELD,NJ08033
    JORDAN MERSKY TRUSTEE
    1.00     		0 0 0
    56 N HADDON AVENUE FLOOR 3
    HADDONFIELD,NJ08033
    JUSTIN AGLIALORO TRUSTEE
    1.00     		0 0 0
    56 N HADDON AVENUE FLOOR 3
    HADDONFIELD,NJ08033
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    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
    5,369,528
    b
    Average of monthly cash balances.......................
    1b
    4,026,920
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,396,448
    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
    9,396,448
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    140,947
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    9,255,501
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    462,775
    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
    462,775
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    15,291
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    15,291
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    447,484
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    447,484
    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
    447,484
    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 7 447,484
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:2019, 2018, 2017 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 91,301
    b From 2017...... 141,975
    c From 2018...... 285,092
    d From 2019...... 268,719
    e From 2020...... 142,563
    f Total of lines 3a through e ........ 929,650
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 476,590
    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..... 447,484
    e Remaining amount distributed out of corpus 29,106
    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 5 958,756
    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) ...     		91,301
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		867,455
    10 Analysis of line 9:
    a Excess from 2017.... 141,975
    b Excess from 2018.... 285,092
    c Excess from 2019.... 268,719
    d Excess from 2020.... 142,563
    e Excess from 2021.... 29,106
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACTON INSTITUTE FOR THE STUDY OF RELIGION AND LIBERTY
    98 E FULTON STREET
    GRAND RAPIDS,MI49503     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 3,500
    ALLIANCE FOR DECISION EDUCATION
    401 CITY AVENUE SUITE 915
    BALA CYNWYD,PA19004     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 5,000
    THE OBJECTIVIST CENTER LTD DBA THE ATLAS SOCIETY
    1001 CONNECTICUT AVENUE NW SUITE
    380
    WASHINGTON,DC20036     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 50,000
    THE BARNES FOUNDATION
    2205 BENJAMIN FRANKLIN PARKWAY
    PHILADELPHIA,PA19130     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 50,000
    BECKETT FUND FOR RELIGIOUS LIBERTY
    1200 NEW HAPMPSHIRE AVENUE NW SUITE
    700
    WASHINGTON,DC20036     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 25,000
    CAPE MAY REGIONAL HEALTH SYSTEM
    TWO TONE HARBOR BLVD
    CAPE MAY COURT HOUSE,NJ08210     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 5,000
    CARPENTERS COMPANY OF THE CITY AND COUNTY OF PHILADELPHIA
    320 CHESTNUT STREET
    PHILADELPHIA,PA19106     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 2,500
    CATO INSTITUTE
    1000 MASSACHUSETTS AVE NW
    WASHINGTON,DC20001     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 10,000
    COMMONWEALTH FOUNDATION FOR PUBLIC POLICY ALTERNATIVES
    630 FREEDOM BUSINESS CENTER DR
    SUITE 109
    KING OF PRUSSIA,PA19406     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 20,000
    DAVID HOROWITZ FREEDOM CENTER
    14724 VENTURA BLVD S-820
    SHERMAN OAKS,CA91403     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 5,000
    THE FEDERALIST SOCIETY FOR LAW AND PUBLIC POLICY STUDIES
    1776 I STREET NW SUITE 300
    WASHINGTON,DC20006     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 10,000
    FOUNDATION FOR INDIVIDUAL RIGHTS IN EDUCATION
    510 WALNUT STREET SUITE 1250
    PHILADELPHIA,PA19106     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 10,000
    FREE THE PEOPLE
    611 PENNSYLVANIA AVE SE 259
    WASHINGTON,DC200034303     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 5,000
    FREEDOMWORKS FOUNDATION INC
    400 NORTH CAPITOL NW SUITE 765
    WASHINGTON,DC20001     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 50,000
    FREEDOMS FOUNDATION AT VALLEY FORGE
    PO BOX 67
    VALLEY FORGE,PA19481     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 5,000
    BARRY GOLDWATER INSTITUTE FOR PUBLIC POLICY RESEARCH
    500 EAST CORONADO ROAD
    PHOENIX,AZ85004     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 5,000
    THE HEARTLAND INSTITUTE
    3939 NORTH WILKE ROAD
    ARLINGTON HEIGHTS,IL60004     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 10,000
    INDEPENDENCE HISTORICAL TRUST
    143 SOUTH THIRD STREET
    PHILADELPHIA,PA19106     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 25,000
    INSTITUTE FOR JUSTICE
    901 N GLEBE ROAD SUITE 900
    ARLINGTON,VA22203     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 10,000
    LEGACY FOUNDATION
    401 PLYMOUTH MEETING ROAD UNIT 150
    PLYMOUTH MEETING,PA19462     		NONE PF ASSISTANCE FOR CHARITABLE PURPOSE 2,500
    LOYAL GUARD
    C/O MR D CAGLIOTI41 GROVE STREET
    2ND FLOOR
    HADDONFIELD,NJ08033     		NONE NC ASSISTANCE FOR CHARITABLE PURPOSE 500
    MANHATTAN INSTITUTE FOR POLICY RESEARCH
    52 VANDERBILT AVENUE
    NEW YORK,NY10017     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 5,000
    MARINCE CORPS HERITAGE FOUNDATION
    18900 JEFFERSON DAVIS HIGHWAY
    TRIANGLE,VA22172     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 10,000
    MUSEUMOF THE AMERICAN REVOLUTION
    123 CHESTNUT STREET SUITE 401
    PHILADELPHIA,PA19106     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 50,000
    NATIONAL ITALIAN AMERICAN FOUNDATON
    1860 19TH STREET NW
    WASHINGTON,DC20009     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 2,500
    OPERA PHILADELPHIA
    1420 LOCUST ST SUITE 210
    PHILADELPHIA,PA19102     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 1,000
    ENCORE SERIES INC
    230 SOUTH BROAD STREET SUITE 800
    PHILADELPHIA,PA19102     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 10,000
    THE REASON FOUNDATION
    5737 MESMER AVENUE
    LOS ANGELES,CA90230     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 10,000
    COMMUNITY FOUNDATION OF SOUTH JERSEY
    125 ROUTE 73 NORTH
    WEST BERLIN,NJ08091     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE - SARA TARDITI GALLAGHER MEMORIAL GOLF OUTING 500
    STATE POLICY NETWORK
    1655 NORTH FORT MYER DRIVE
    ARLINGTON,VA22209     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 5,000
    THE UNION LEAGUE LEGACY FOUNDATION
    140 S BROAD STREET
    PHILADELPHIA,PA19102     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE - ABRAHAM LINCOLN FOUNDATION - HERITAGE CAMPAIGN UNION LEAGUE OF PHILADELPHIA 20,000
    VETERASN HAVEN RUN
    217 1/2 ILLINOIS STREET
    LEMONT,IL60439     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 1,000
    YOUNG AMERICANS FOR LIBERTY FOUNDATION
    500 N CAPITAL OF TEXAS HWY BLDG 5
    SUITE 100
    AUSTIN,TX78746     		NONE PC ASSISTANCE FOR CHARITABLE PURPOSE 15,000
    Total .................................bullet 3a 439,000
    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 ............     		523000   18 -701,767  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 -337,449 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -337,449
    (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:
    FOUNDATION FOR INDIVIDUAL LIBERTY
    EIN:
    52-1599160
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 17,080 8,540 0 8,540

    TY 2021 AllOthProgRltdInvestmentsSch
    Name:
    FOUNDATION FOR INDIVIDUAL LIBERTY
    EIN:
    52-1599160
    Category Amount
    NONE 0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    FOUNDATION FOR INDIVIDUAL LIBERTY
    EIN:
    52-1599160
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    LEGACY FOUNDATION
          		401 PLYMOUTH MEETING ROAD UNIT 150
    PLYMOUTH MEETING,PA19462     		2021-12-31 2,500 ASSISTANCE FOR CHARITABLE PURPOSE 2,500 NONE 8/3/22 2022-08-03 NO KNOWN DIVERSION OF FUNDS BY GRANTEE
    LOYAL GUARD
          		41 GROVE STREET 2ND FLOOR
    HADDONFIELD,NJ08033     		2021-12-31 500 ASSISTANCE FOR CHARITABLE PURPOSE/PUBLIC CHARITY STATUS APPLIED FOR 500 NONE 8/3/22 2022-08-03 NO KNOWN DIVERSION OF FUNDS BY GRANTEE

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    FOUNDATION FOR INDIVIDUAL LIBERTY
    EIN:
    52-1599160
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALTRIA GROUP INC 473,900 473,900
    ANNALY CAPITAL MANAGEMENT 234,600 234,600
    APARTMENT INVT & MGMT CO 308,800 308,800
    AT & T INC 369,000 369,000
    BAYER AG 198,900 198,900
    ELLINGTON RESIDENTIAL MORTG. 155,850 155,850
    ENDO INTERNATIONAL PLC ENDP 188,000 188,000
    GANNETT CO (FORMERLY NEW MEDIA) 266,500 266,500
    GEO GRP INC/THE GEO 310,000 310,000
    INTERNATIONAL BUSINESS MACHINE CORP 668,300 668,300
    INVESCO MORTGAGE CAP INC 139,000 139,000
    JUST ENERGY ROUP 42,750 42,750
    METRO BK PLC 63,500 63,500
    MFA FINANCIAL 228,000 228,000
    NEW RESIDENTIAL INVT. 160,650 160,650
    NORDSTROM INC JWN 226,200 226,200
    ORCHID ISLAND CAPITAL 135,000 135,000
    OWL ROCK CAP CORP 212,400 212,400
    PENN REAL EST INV. 204,000 204,000
    VERIZON COMMUNICATIONS 519,600 519,600

    TY 2021 InvestmentsOtherSchedule2
    Name:
    FOUNDATION FOR INDIVIDUAL LIBERTY
    EIN:
    52-1599160
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ENERGY TRANSFER LP FMV 205,750 205,750
    GLOBAL PARNTERS LP FMV 234,900 234,900
    PLAINS ALL AMERICAN PIPELINE FMV 140,100 140,100

    TY 2021 OtherExpensesSchedule
    Name:
    FOUNDATION FOR INDIVIDUAL LIBERTY
    EIN:
    52-1599160
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LP PORTFOLIO DEDUCTIONS 0 3,479 0 0
    MISCELLANEOUS 3,572 0 0 0


    TY 2021 OtherIncomeSchedule2
    Name:
    FOUNDATION FOR INDIVIDUAL LIBERTY
    EIN:
    52-1599160
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER PORTFOLIO INCOME FROM LP 123,003 752 0


    TY 2021 OtherIncreasesSchedule
    Name:
    FOUNDATION FOR INDIVIDUAL LIBERTY
    EIN:
    52-1599160
    Description Amount
    UNREALIZED GAIN/LOSS 1,964,289