Form990-PF
Click to see attachment
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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
SERENA FOUNDATION INC
C/O DINSE PC
Number and street (or P.O. box number if mail is not delivered to street address)209 BATTERY STREET PO BOX 988
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BURLINGTON, VT05402
A Employer identification number

27-2994814
B Telephone number (see instructions)

(802) 864-5751
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$55,791,869J Accounting method:
MODIFIED CASH
(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 88 88  
4 Dividends and interest from securities... 558,179 558,183  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,426,074
b Gross sales price for all assets on line 6a 6,591,446
7 Capital gain net income (from Part IV, line 2)... 3,426,145
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 44,886 43,525  
12 Total. Add lines 1 through 11........ 4,029,227 4,027,941  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 45,000 12,000   33,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 12,370 0   12,370
b Accounting fees (attach schedule)....... Click to see attachment 17,950 0   16,450
c Other professional fees (attach schedule).... Click to see attachment 334,288 304,288   30,000
17 Interest............... 355 355   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 59,991 7,339   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 119,442 117,074   2,370
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 589,396 441,056   94,190
25 Contributions, gifts, grants paid....... 2,514,286 2,514,286
26 Total expenses and disbursements. Add lines 24 and 25 3,103,682 441,056   2,608,476
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 925,545
b Net investment income (if negative, enter -0-) 3,586,885
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......... 5,707,108 674,558 674,558
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)....... 8,427,109 Click to see attachment8,701,356 8,701,356
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).......... 34,470,968 Click to see attachment46,411,650 46,411,650
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment14,073 Click to see attachment4,305 Click to see attachment4,305
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 48,619,258 55,791,869 55,791,869
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........... 48,619,258 55,791,869
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)..... 48,619,258 55,791,869
30 Total liabilities and net assets/fund balances (see instructions). 48,619,258 55,791,869
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
48,619,258
2
Enter amount from Part I, line 27a .....................
2
925,545
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,247,066
4
Add lines 1, 2, and 3 ..........................
4
55,791,869
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
55,791,869
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 SALES OF PUBLICLY TRADED SECURITIES P    
b 691.948 SH. GENERATION IM GLOBAL EQUITY A SHARES P    
c 162.37 SH. GENERATION IM GLOBAL EQUITY A SHARES P    
d THROUGH JMF LIQUIDATING COMPANY K-1 D    
e THROUGH HIGHCLERE K-1 D    
THROUGH LEGACY VENTURES K-1, NET OF UBI P    
THROUGH CVR PARTNERS K-1 P    
CAPITAL GAINS DIVIDENDS 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 5,032,311   3,559,433 1,472,878
b 500,000   147,417 352,583
c 131,443   34,591 96,852
d       -7,096
e       347,411
      235,824
      1
927,692     927,692
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,472,878
b       352,583
c       96,852
d       -7,096
e       347,411
      235,824
      1
      927,692
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 3,426,145
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 49,858
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 49,858
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 20,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 50,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 34
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 10 108
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet108 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)
    bulletVT
    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 ofbulletE RUSSELL PEACH IV CO DKM PC Telephone no.bullet (617) 234-2515

    Located atbullet209 BATTERY STREET PO BOX 988BURLINGTONVT ZIP+4bullet05402
    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)
     
    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
    AUSTIN HART CO DINSE PC PRESIDENT
    2.50     		15,000 0 0
    209 BATTERY ST PO BOX 988
    BURLINGTON,VT05402
    WALLACE TAPIA CO DINSE PC TREASURER
    2.50     		15,000 0 0
    209 BATTERY ST PO BOX 988
    BURLINGTON,VT05402
    F RENDOL BARLOW CO DINSE PC SECRETARY
    1.00     		15,000 0 0
    209 BATTERY ST PO BOX 988
    BURLINGTON,VT05402
    E RUSSELL PEACH IV CO DINSE PC ASSISTANT TREASURER
    1.00     		0 0 0
    209 BATTERY ST PO BOX 988
    BURLINGTON,VT05402
    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
    GENERATION IM FUND PLC INVESTMENT MANAGEMENT FEE 131,443
    GEORGES COURT 54-62 TOWNSEND STREET
    DUBLIN    
    EI
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    35,947,358
    b
    Average of monthly cash balances.......................
    1b
    1,132,748
    c
    Fair market value of all other assets (see instructions)................
    1c
    16,308,780
    d
    Total (add lines 1a, b, and c).........................
    1d
    53,388,886
    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
    53,388,886
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    800,833
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    52,588,053
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,629,403
    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
    2,629,403
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    49,858
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    49,858
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,579,545
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,579,545
    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
    2,579,545
    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 2,579,545
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 35,517
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,608,476
    a Applied to 2020, but not more than line 2a 35,517
    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..... 2,572,959
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		6,586
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    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
    FIDELITY CHARITABLE GIFT FUND
    BOX 770001
    CINCINNATI,OH45277     		N/A PC CHARITABLE (UNRESTRICTED) 1,500,000
    FIDELITY CHARITABLE GIFT FUND
    BOX 770001
    CINCINNATI,OH45277     		N/A PC CHARITABLE (UNRESTRICTED) (SEE STATEMENT 15) 414,286
    FIDELITY CHARITABLE GIFT FUND
    BOX 770001
    CINCINNATI,OH45277     		N/A PC CHARITABLE (UNRESTRICTED) 600,000
    Total .................................bullet 3a 2,514,286
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 88  
    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 ............     		901101 -70 18 3,426,144  
    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) .. 1,018 4,028,209 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,029,227
    (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:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PKF O'CONNOR DAVIES, LLP 17,950 0   16,450

    TY 2021 GeneralExplanationAttachment
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Identifier Return Reference Explanation
      PART III, LINE 3, NON-TAXABLE GAIN ON GRANT OF SECURITIES GRANT DATE: 12/29/2021DESCRIPTION FAIR VALUE COST NON-TAXABLE GAINS162 SH. VIMEO INC 2,871.45 442.10 2,429.35 510 SH. SEAGEN INC 80,845.20 5,694.81 75,150.39 138 SH. QORVO INC 21,651.51 2,043.43 9,608.08 1,310 SH. PLUG POWER INC 36,668.2 3,734.98 32,933.23 216 SH. MATCH GROUP INC 28,387.80 3,118.05 25,269.75 283 SH. LIBERTY MEDIA 14,325.46 12,336.37 1,989.09 240 SH. LAM RESEARCH 173,311.85 5,394.41 167,917.44 100 SH. IAC/INTERACTIVEC 12,945.25 1,043.39 11,901.86 550 SH. COGNEX CORP 43,279.50 10,282.25 32,997.25 TOTAL 414,286.23 44,089.79 370,196.44 FMV OF GRANT TO FIDELITY CHARITABLE GIFT FUND: $414,286. SEE 990-PF, PAGE 11, PART XIV.

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1 SHARES OF MADISON SQUARE GARDEN ENTERTAIMENT CORP 70 70
    1030 SHARES OF COMMUNITY HEALTHCARE TRUST 48,688 48,688
    1050 SHARES OF PINNACLE FINANCIAL PARTNERS INC 100,275 100,275
    107 SHARES OF DIAMONDBACK ENERGY INC 11,540 11,540
    1070 SHARES OF AMERISAFE INC 57,598 57,598
    1080 SHARES OF LUMENTUM HOLDINGS INC 114,232 114,232
    1100 SHARES OF CYRUSONE INC 98,692 98,692
    11130 SHARES OF BRAEMAR HOTELS & RESORTS INC 56,763 56,763
    11263 SHARES OF ACCO BRANDS CORP 93,032 93,032
    1138 SHARES OF DISCOVERY INC CL C 26,060 26,060
    1170 SHARES OF AERIE PHARMACEUTICALS INC 8,213 8,213
    1182 SHARES OF TRIMBLE INC 103,059 103,059
    1220 SHARES OF MODEL N INC 36,637 36,637
    1270 SHARES OF WERNER ENTERPRISES INC 60,528 60,528
    1290 SHARES OF II-VI INC 88,146 88,146
    130 SHARES OF REGENERON PHARMACEUTICALS INC 82,098 82,098
    1330 SHARES OF FORMFACTOR INC 60,808 60,808
    1330 SHARES OF PATRICK INDUSTRIES 107,318 107,318
    135 SHARES OF MATCH GROUP INC 17,854 17,854
    1350 SHARES OF COLUMBIA BANKING SYSTEM INC 44,172 44,172
    1400 SHARES OF TRICO BANCSHARES 60,144 60,144
    1410 SHARES OF KOPPERS HOLDINGS 44,133 44,133
    1450 SHARES OF CLOVIS ONCOLOGY INC 3,930 3,930
    1465 SHARES OF ATKORE INC 162,893 162,893
    1470 SHARES OF STEVEN MADDEN LTD 68,311 68,311
    1480 SHARES OF INSTEEL INDUSTRIES INC 58,919 58,919
    1516 SHARES OF PACIFIC PREMIER BANCORP INC 60,685 60,685
    1590 SHARES OF ONTO INNOVATION INC 160,956 160,956
    1620 SHARES OF CAE INC 40,889 40,889
    1660 SHARES OF COMPASS DIVERSIFIED HOLDINGS 50,763 50,763
    1700 SHARES OF ARRAY TECHNOLOGIES INC 26,673 26,673
    1770 SHARES OF ALDER BIOPHARMACEUTICALS 1,558 1,558
    1811 SHARES OF DUCOMMUN INC 84,700 84,700
    1830 SHARES OF STAG INDUSTRIAL INC 87,767 87,767
    1870 SHARES OF SEAWORLD ENTERTAINMENT INC 121,288 121,288
    1885 SHARES OF MARTEN TRANSPORT 32,347 32,347
    1910 SHARES OF EVOQUA WATER TECHNOLOGIES CORP 89,293 89,293
    2050 SHARES OF HERITAGE FINANCIAL CORP 50,102 50,102
    2080 SHARES OF IRIDIUM COMMUNICATIONS INC 85,883 85,883
    2090 SHARES OF CORBUS PHARMACEUTICALS HOLDINGS INC 1,287 1,287
    2110 SHARES OF BOYD GAMING CORP 138,353 138,353
    2130 SHARES OF MADIANTINC 37,360 37,360
    2153 SHARES OF TEGNA INC 39,960 39,960
    2162 SHARES OF GREENBRIER COS 99,214 99,214
    2170 SHARES OF COHU INC 82,655 82,655
    2250 SHARES OF NLIGHT INC 53,888 53,888
    2336 SHARES OF BUILDERS FIRSTSOURCES 200,219 200,219
    2360 SHARES OF VERITEX HOLDINGS INC 93,881 93,881
    2380 SHARES OF RUTH'S HOSPITALITY GROUP INC 47,362 47,362
    240 SHARES OF SAREPTA THERAPEUTICS INC 21,612 21,612
    2491 SHARES OF PLUG POWER INC 70,321 70,321
    250 SHARES OF ULTRAGENYX PHARMACEUTICAL INC 21,023 21,023
    2510 SHARES OF G-III APPAREL GROUP 69,376 69,376
    260 SHARES OF INTERCEPT PHARMACEUTICALS INC 4,235 4,235
    2650 SHARES OF VIAVI SOLUTIONS INC 46,693 46,693
    2666 SHARES OF VISHAY INTERTECHNOLOGY INC 58,305 58,305
    2690 SHARES OF APPLE HOSPITALITY REIT INC 43,444 43,444
    270 SHARES OF ARCOSA INC 14,229 14,229
    270 SHARES OF EASTGROUP PROPERTIES INC 61,520 61,520
    2700 SHARES OF DELEK US HOLDINGS 40,473 40,473
    2730 SHARES OF ONESPAWORLD 27,355 27,355
    2780 SHARES OF COLUMBUS MCKINNON CORP 128,603 128,603
    2780 SHARES OF IMMUNOGEN INC 20,628 20,628
    2800 SHARES OF UMH PROPERTIES INC 76,524 76,524
    2810 SHARES OF TELOS CORP 43,330 43,330
    2860 SHARES OF LANTHEUS HOLDINGS 82,625 82,625
    2930 SHARES OF GOLAR LNG 36,303 36,303
    2950 SHARES OF TAYLOR MORRISON HOME CORP 103,132 103,132
    300 SHARES OF IAC/INTERACTIVECORP COMMON STOCK 39,213 39,213
    300 SHARES OF OMNICELL INC 54,132 54,132
    3100 SHARES OF PHYSICIANS REALTY TRUST 58,373 58,373
    3120 SHARES OF MERCANTILE BANK CORP 109,294 109,294
    320 SHARES OF PROTHENA CORP PLC 15,808 15,808
    320 SHARES OF ROGERS CORP 87,360 87,360
    325 SHARES OF MADISON SQUARE GARDEN SPORTS CORP CL A 56,462 56,462
    3330 SHARES OF DANA INC 75,991 75,991
    340 SHARES OF DIGITAL REALTY TRUST INC 60,136 60,136
    340 SHARES OF INOTIV INC 14,304 14,304
    340 SHARES OF NOVANTA INC 59,952 59,952
    350 SHARES OF SAGE THERAPEUTICS INC 14,889 14,889
    3540 SHARES OF UNITED COMMUNITY BANKS INC/GA 127,228 127,228
    356 SHARES OF HELMERICH & PAYNE INC 8,437 8,437
    3690 SHARES OF VIAVI SOLUTIONS INC 65,018 65,018
    370 SHARES OF AMERICAN FINANCIAL GROUP INC/OH 50,808 50,808
    3730 SHARES OF HOSTESS BRANDS INC 76,167 76,167
    380 SHARES OF EMERGENT BIOSOLUTIONS INC 16,519 16,519
    380 SHARES OF INGEVITY CORP 27,246 27,246
    3810 SHARES OF EDGIO INC 13,068 13,068
    3873 SHARES OF GRAY TELEVISION INC CL B 78,080 78,080
    390 SHARES OF MKS INSTRUMENTS, INC 67,926 67,926
    425 SHARES OF PTC THERAPEUTICS INC 16,928 16,928
    430 SHARES OF CERENCE INC 32,955 32,955
    4390 SHARES OF PAR PACIFIC HOLDINGS INC 72,391 72,391
    440 SHARES OF FIBROGEN INC 6,204 6,204
    4530 SHARES OF AMYRIS INC 24,507 24,507
    466 SHARES OF UNIFI INC 10,788 10,788
    470 SHARES OF ADVANCED ENERGY INDUSTRIES INC 42,798 42,798
    470 SHARES OF INTRA-CELLULAR THERAPIES INC 24,600 24,600
    4710 SHARES OF LEXICON PHARMACEUTICALS INC 18,557 18,557
    4790 SHARES OF TILLYS INC CL A 77,167 77,167
    480 SHARES OF RELIANCE STEEL & ALUMINUM CO 77,866 77,866
    491 SHARES OF VIMEO INC 8,818 8,818
    50 SHARES OF HELEN OF TROY LTD 12,224 12,224
    50 SHARES OF NV5 GLOBAL INC 6,906 6,906
    500 SHARES OF SOUTHWEST GAS HOLDINGS INC 35,025 35,025
    510 SHARES OF NORTHWEST PIPE CO 16,218 16,218
    513 SHARES OF ROBERT HALF INTERNATIONAL INC 57,210 57,210
    5190 SHARES OF INVACARE CORP 14,117 14,117
    540 SHARES MILLER INDUSTRIES INC 18,036 18,036
    555 SHARES OF NORTHRIM BANCORP 24,120 24,120
    556 SHARES OF HEXCEL CORP NEW 28,801 28,801
    5660 SHARES OF DIAMONDROCK HOSPITALITY CO 54,393 54,393
    570 SHARES OF COMMVAULT SYSTEMS INC 39,284 39,284
    570 SHARES OF ESPERION THERAPEUTICS INC 2,850 2,850
    570 SHARES OF REINSURANCE GROUP OF AMERICA INC 62,409 62,409
    580 SHARES OF JOHN B SANFILIPPO & SON INC 52,293 52,293
    590 SHARES OF KAISER ALUMINUM CORP 55,425 55,425
    612 SHARES OF RAYMOND JAMES FINANCIAL INT 61,438 61,438
    643 SHARES OF CANADIAN PACIFIC RAILWAY LTD 46,257 46,257
    650 SHARES OF OXFORD INDUSTRIES 65,988 65,988
    650 SHARES OF UNIVERSAL ELECTRONICS INC 26,488 26,488
    670 SHARES OF AEROVIRONMENT INC 41,560 41,560
    670 SHARES OF AMBARELLA INC 135,936 135,936
    673 SHARES OF ORGAN & CO 20,493 20,493
    6735 SHARES OF MERCK & CO INC 516,170 516,170
    690 SHARES OF CARA THERAPEUTICS INC 8,404 8,404
    690 SHARES OF CYTOKINETICS INC 31,450 31,450
    700 SHARES OF LAS VEGAS SANDS CORP 26,348 26,348
    705 SHARES OF QORVO INC 110,255 110,255
    720 SHARES OF NEXSTAR MEDIA GROUP INC CL A 108,706 108,706
    763 SHARES OF IONIS PHARMACEUTICALS INC 23,218 23,218
    7750 SHARES OF MAGNOLIA OIL & GAS CORP 146,243 146,243
    780 SHARES OF TENABLE HOLDINGS INC 42,955 42,955
    800 SHARES OF COGNEX CORP 62,208 62,208
    800 SHARES OF FARO TECHNOLOGIES INC 56,016 56,016
    800 SHARES OF MACROGENICS INC 12,840 12,840
    820 SHARES OF STRATASYS LTD 20,082 20,082
    820 SHARES OF WSFS FINANCIAL CORP 41,098 41,098
    840 SHARES OF INDEPENDENT BANK GROUP INC 60,606 60,606
    840 SHARES OF SUPER MICRO COMPUTER INC 36,918 36,918
    854 SHARES OF SOUTH STATE CORP 68,414 68,414
    860 SHARES OF EW SCRIPPS CO/THE CL A 16,641 16,641
    860 SHARES OF FUTUREFUEL CORP 6,570 6,570
    860 SHARES OF STOCK YARDS BANCORP INC 54,937 54,937
    865 SHARES OF ULTRA CLEAN HOLDINGS INC 49,616 49,616
    867 SHARES OF ROYAL CARIBBEAN GROUP 66,672 66,672
    870 SHARES OF TUTOR PERINI CORP 10,762 10,762
    897 SHARES OF LIBERTY SIRIUSXM GROUP 45,612 45,612
    940 SHARES OF GLOBUS MEDICAL INC 67,868 67,868
    950 SHARES OF CUBESMART 54,065 54,065
    960 SHARES OF BARRETT BUSINESS SERVICES INC 66,298 66,298
    980 SHARES OF ATARA BIOTHERAPEUTICS INC 15,445 15,445
    990 SHARES OF MALIBU BOATS INC CL A 68,043 68,043
    990 SHARES OF NATIONAL STORAGE AFFILIATES TRUST 68,508 68,508

    TY 2021 InvestmentsOtherSchedule2
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    11,460 SHARES OF GENERATION IM GLOBAL EQUITY FUND FMV 9,497,391 9,497,391
    123443 SHARES OF ARTISAN INTERNATIONAL VALUE FMV 5,217,969 5,217,969
    12590 SHARES OF VANGUARD S&P 500 FMV 5,496,416 5,496,416
    127791 SHARES OF RBC EMERGING MARKETS EQUITY FUND FMV 1,718,798 1,718,798
    134261 SHARES OF WCM FOCUSED FMV 3,716,356 3,716,356
    29285 SHARES OF ARTISAN INTERNATIONAL SMALL MID FUND FMV 608,258 608,258
    333.33 SHARES OF SUMMIT FMV 1,608,493 1,608,493
    360744 SHARES OF AMERICAN BEACON SHAPIRO EQUITY FUND INC FMV 5,692,546 5,692,546
    71065 SHARES OF DELAWARE EMERGING MARKETS FUND FMV 1,732,587 1,732,587
    78053 SHARES OF BROWN ADVISORY SUSTAINABLE GROWTH FMV 3,907,347 3,907,347
    82,056 SHARES OF HIGHCLERE INTERNATIONAL INVESTORS FMV 3,319,308 3,319,308
    JMF LIQUIDATING LLC FMV 203,077 203,077
    LEGACY VENTURE IX, LLC FMV 3,693,104 3,693,104

    TY 2021 LegalFeesSchedule
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 12,370 0   12,370


    TY 2021 OtherAssetsSchedule
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    RECEIVABLE FROM BROKER 14,073 4,305 4,305


    TY 2021 OtherExpensesSchedule
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSES THROUGH K-1S 117,072 117,074   0
    INSURANCE 1,525 0   1,525
    OFFICE EXPENSES 65 0   65
    MEMBERSHIP DUES 780 0   780


    TY 2021 OtherIncomeSchedule2
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME THROUGH K-1S 27,190 25,829 27,190
    ROYALTIES AND OTHER 17,696 17,696 17,696


    TY 2021 OtherIncreasesSchedule
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 5,876,870
    NON-TAXABLE GAIN ON GRANT OF SECURITIES (SEE STATEMENT 15) 370,196


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PATHSTONE FEDERAL STREET ADVISORS 50,000 50,000   0
    OTHER INVESTMENT MANAGEMENT FEES 93,603 93,603   0
    FIDUCIARY TRUST CUSTODIAL FEES 29,242 29,242   0
    GRANT PROGRAM CONSULTING FEES 30,000 0   30,000
    GENERATION INVESTMENT MANAGEMENT FEES 131,443 131,443   0


    TY 2021 TaxesSchedule
    Name:
    SERENA FOUNDATION INC
     
    C/O DINSE PC
    EIN:
    27-2994814
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 7,339 7,339   0
    FEDERAL EXCISE TAX PAID 52,352 0   0
    VERMONT UBI TAX 300 0   0