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
ROBERT I SCHATTNER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)11200 ROCKVILLE PIKE 203
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ROCKVILLE, MD208523258
A Employer identification number

52-1800778
B Telephone number (see instructions)

(301) 816-7926
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$203,724,027J 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 1,291,030 1,291,030  
4 Dividends and interest from securities... 3,100,695 3,100,695  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 30,676,519
b Gross sales price for all assets on line 6a 143,659,561
7 Capital gain net income (from Part IV, line 2)... 30,676,519
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 188,913 -5,232,457  
12 Total. Add lines 1 through 11........ 35,257,157 29,835,787  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 343,000 17,150   325,850
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 17,640 882   16,758
c Other professional fees (attach schedule).... Click to see attachment 230,308 230,308   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 172,036 78,831   31,935
19 Depreciation (attach schedule) and depletion... Click to see attachment 7,446 0  
20 Occupancy.............. 44,270 2,213   42,057
21 Travel, conferences, and meetings....... 138 7   131
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,672,643 1,648,549   24,094
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,487,481 1,977,940   440,825
25 Contributions, gifts, grants paid....... 5,949,000 5,949,000
26 Total expenses and disbursements. Add lines 24 and 25 8,436,481 1,977,940   6,389,825
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 26,820,676
b Net investment income (if negative, enter -0-) 27,857,847
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............. 1,741,730 1,610,265 1,610,258
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.......... 118,008 246,001 246,001
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 75,969,835 Click to see attachment98,510,517 117,367,285
c Investments—corporate bonds (attach schedule)....... 4,468,198 Click to see attachment4,819,923 4,799,828
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 71,643,656 Click to see attachment75,582,843 79,692,436
14 Land, buildings, and equipment: basis bullet37,225
Less: accumulated depreciation (attach schedule) bullet29,006 15,665 Click to see attachment8,219 8,219
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 153,957,092 180,777,768 203,724,027
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........... 153,957,092 180,777,768
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)..... 153,957,092 180,777,768
30 Total liabilities and net assets/fund balances (see instructions). 153,957,092 180,777,768
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
153,957,092
2
Enter amount from Part I, line 27a .....................
2
26,820,676
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
180,777,768
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
180,777,768
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES - UBS ST      
b EJF FUNDS - ST      
c EJF FUNDS - LT      
d EJF FUNDS - UNRECAPTURED S1250 GAIN      
e PUBLICLY TRADED SECURITIES - UBS LT      
UBS - CAP GAIN DISTRIBUTIONS      
(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 111,412,834   110,525,770 887,064
b       19,968,724
c       5,838,812
d       89
e 32,246,727   28,265,574 3,981,153
      677
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       887,064
b       19,968,724
c       5,838,812
d       89
e       3,981,153
      677
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 30,676,519
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........................... 3 387,224
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- ..... 5 387,224
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 153,934
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.............. 7 153,934
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 4,504
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 237,794
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
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)
    bulletMD
    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 addressbulletWWW.ROBERTISCHATTNERFOUNDATION.ORG
    14
    The books are in care ofbulletROBERT H SIEVERS Telephone no.bullet (301) 816-7926

    Located atbullet11200 ROCKVILLE PIKE 203ROCKVILLEMD ZIP+4bullet208523258
    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
    Yes
     
    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
     
    No
    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
    SIDNEY BRESLER PRESIDENT
    25.00     		176,000 0 0
    11200 ROCKVILLE PIKE STE 203
    ROCKVILLE,MD20852
    ROBERT H SIEVERS TREASURER
    25.00     		126,000 0 0
    11200 ROCKVILLE PIKE STE 203
    ROCKVILLE,MD20852
    ROBERT T SCHATTNER SECRETARY
    10.00     		41,000 0 0
    11200 ROCKVILLE PIKE STE 203
    ROCKVILLE,MD20852
    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
    BARBARA KRUMSIEK INVESTMENT ADVISORY 75,000
    11200 ROCKVILLE PIKE SUITE 203
    ROCKVILLE,MD20852
    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
    196,315,146
    b
    Average of monthly cash balances.......................
    1b
    1,082,909
    c
    Fair market value of all other assets (see instructions)................
    1c
    251,749
    d
    Total (add lines 1a, b, and c).........................
    1d
    197,649,804
    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
    197,649,804
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,964,747
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    194,685,057
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    9,734,253
    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
    9,734,253
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    387,224
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    947,297
    c
    Add lines 2a and 2b............................
    2c
    1,334,521
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,399,732
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    8,399,732
    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
    8,399,732
    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 8,399,732
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018...... 2,593,052
    d From 2019...... 794,014
    e From 2020......  
    f Total of lines 3a through e ........ 3,387,066
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 6,389,825
    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..... 6,389,825
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 2,009,907 2,009,907
    (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 1,377,159
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		1,377,159
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 583,145
    c Excess from 2019.... 794,014
    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
    A FOUNDATION OF PHILANTHROPIC FUNDS
    520 8TH AVENUE
    NEW YORK,NY10018     		NONE PC GENERAL SUPPORT 25,000
    ALPHA OMEGA DENTAL FRATERNITY
    50 WEST EDMONSTON DR
    ROCKVILLE,MD20852     		NONE PC GENERAL SUPPORT 54,000
    ALZHEIMER'S ASSOCIATION
    225 NMICHIGAN AVE
    CHICAGO,IL60601     		NONE PC CARE AND SUPPORT PROGRAM 75,000
    AMERICAN FRIENDS OF HEBREW UNIVERSITY
    ONE BATTERY PARK PLAZA
    NEW YORK,NY10004     		NONE PC GENERAL SUPPORT 207,000
    AMERICAN FRIENDS OF LIBI
    45 BARTTETT CRESENT ROAD
    BROOKLAND,MA02446     		NONE PC GENERAL SUPPORT 150,000
    AMERICAN KIDNEY FUND
    11921 ROCKVILLE PIKE
    ROCKVILLE,MD20852     		NONE PC GENERAL SUPPORT 200,000
    AN OPEN BOOK
    5901 UTAH AVE
    WASHINGTON,DC20015     		NONE PC GENERAL SUPPORT 30,000
    ANTI-DEFAMATION LEAGUE
    605 THIRD AVENUE
    NEW YORK,NY10158     		NONE PC GENERAL SUPPORT 2,500
    ASSOCIATE ALUMNAE OF DOUGLASS COLLEGE
    181 RYDER LANE
    NEW BRUSWICK,NJ08901     		NONE PC GENERAL SUPPORT 500
    BCC MEALS ON WHEELS
    8814 KENSINGTON PARKWAY
    NORTH CHEVY CHASE,MD20815     		NONE PC GENERAL SUPPORT 10,000
    BIKKUR CHOLIM OF GREATER WASHINGTON DC
    12320 PARKLAWN DRIVE
    ROCKVILLE,MD20852     		NONE PC GENERAL SUPPORT 30,000
    BIRTHRIGHT ISRAEL FOUNDATION
    711 3RD AVENUE
    NEW YORK,NY10027     		NONE PC GENERAL SUPPORT 150,000
    BRAWS
    133 PARK STREET
    VIENNA,VA22180     		NONE PC GENERAL SUPPORT 20,000
    BREAD FOR THE CITY
    1525 7TH STREET
    WASHINGTON,DC20001     		NONE PC GENERAL SUPPORT 80,000
    BUILDING BRIDGES ACROSS THE RIVER
    1901 MISSISSIPPI AVENUE
    WASHINGTON,DC20020     		NONE PC GENERAL SUPPORT 30,000
    CENTER FOR ART IN WOOD
    141 N SRD STREET
    PHILAIDELPHIA,PA19108     		NONE PC GENERAL SUPPORT 15,000
    CHANCE FOR LIFE
    727 N WASHINGTON STREET
    ALEXANDRIA,VA22314     		NONE PC GENERAL SUPPORT 25,000
    CHILDREN'S INN AT NIH
    7 WEST DRIVE
    BETHESDA,MD20814     		NONE PC GENERAL SUPPORT 50,000
    CHILDREN'S HOSPITAL FOUNDATION
    801 ROEDER RD
    SILVER SPRING,MD20910     		NONE PC GENERAL SUPPORT 125,000
    COMMUNITY FOUNDATION OF EASTERN SHORE
    1324 BELMONT AVENUE
    SALISBURY,MD21804     		NONE PC GENERAL SUPPORT 80,000
    DARTMOUTH COLLEGE
    6066 DEVELOPMENT OFFICE
    HANOVER,NH03755     		NONE PC GENERAL SUPPORT 5,000
    DC PUBLIC LIBRARY FOUNDATION
    PO BOX 66012
    WASHINGTON,DC20035     		NONE PC GENERAL SUPPORT 25,000
    DOCTORS WITHOUT BORDERS
    40 RECTOR ST
    NEW YORK,NY10006     		NONE PC GENERAL SUPPORT 5,000
    DR EDWARD B SHILS FUND
    135 DURYEA ROAD
    MELVILLE,NY11747     		NONE PC GENERAL SUPPORT 10,000
    EPISCOPAL SCHOOL IN NEW YORK
    35 E 69TH STRET
    NEW YORK,NY10021     		NONE PC GENERAL SUPPORT 2,500
    EVERYMIND
    1000 TWINBROOK PARKWAY
    ROCKVILLE,MD20851     		NONE PC GENERAL SUPPORT 50,000
    FIDELITY CHARITABLE TRUST
    PO BOX 770001
    CINCINNATI,OH45277     		NONE PC GENERAL SUPPORT 100,000
    FLINT HILL SCHOOL
    3320 JERMANTOWN ROAD
    OAKTON,VA22124     		NONE PC GENERAL SUPPORT 2,500
    FOOD & FRIENDS
    219 RIGGS ROAD NE
    WASHINGTON,DC20011     		NONE PC GENERAL SUPPORT 125,000
    FOOD ON THE STOVE INC
    1026 COOK DRIVE SE
    WASHINGTON,DC20032     		NONE PC GENERAL SUPPORT 150,000
    FRIENDS OF UNITED HATZALAH
    208 E 51ST STREET
    NEW YORK,NY10022     		NONE PC GENERAL SUPPORT 140,000
    FRIENDSHIP PLACE
    3655 CALVERT STREET NW
    WASHINGTON,DC20007     		NONE PC GENERAL SUPPORT 50,000
    GIRL SCOUT COUNCIL OF NATIONS CAPITAL
    4301 CONNECTICUT AVENUE NW
    WASHINGTON,DC20008     		NONE PC GENERAL SUPPORT 32,500
    GIRL SCOUTS OF GREATER NEW YORK
    40 WALL STREET
    NEW YORK,NY10005     		NONE PC SCHOLARSHIP FUND 15,000
    GREATER WASHINGTON COMMUNITY FOUNDATION
    8720 GEORGIA AVENUE
    SILVER SPRING,MD20910     		NONE PC GENERAL SUPPORT 150,000
    HOLTON-ARMS SCHOOL
    7303 RIVER ROAD
    BETHESDA,MD20817     		NONE PC GENERAL SUPPORT 2,500
    HOMELESS CHILDREN'S PLAYTIME PROJECT
    1525 NEWTON STREET NW
    WASHINGTON,DC20010     		NONE PC GENERAL SUPPORT 5,000
    HOPE FOR HENRY FOUNDATION
    2440 WISCONSIN AVENUE NW
    WASHINGTON,DC20007     		NONE PC GENERAL SUPPORT 100,000
    HOUSE OF RUTH
    5 THOMAS CIRCLE NW
    WASHINGTON,DC20005     		NONE PC GENERAL SUPPORT 20,000
    HUNTER COLLEGE
    695 PAR AVE
    NEW YORK,NY10065     		NONE PC GENERAL SUPPORT 5,000
    JEWISH FEDERATION OF GREATER WASHINGTON
    6101 EXECUTIVE BLVD
    NORTH BETHESDA,MD20852     		NONE PC GENERAL SUPPORT 110,000
    JEWISH FOUNDATION FOR GROUP HOMES
    1500 EAST JEFFERSON STREET
    ROCKVILLE,MD20852     		NONE PC GENERAL SUPPORT 70,000
    JEWISH SOCIAL SERVICES AGENCY
    200 WOOD HILL ROAD
    ROCKVILLE,MD20852     		NONE PC GENERAL SUPPORT 50,000
    JOSHUA M FREEMAN FOUNDATION
    31255 AMERICAN PARKWAY
    SELBYVILLE,DE19975     		NONE PC GENERAL SUPPORT 15,000
    JSSA
    200 WOOD HILL ROAD
    ROCKVILLE,MD20850     		NONE PC GENERAL SUPPORT 25,000
    KENNEDY KRIEGER INSTITUTE
    707 NORTH BROADWAY
    BALTIMORE,MD21205     		NONE PC GENERAL SUPPORT 300,000
    LEADERSHIP WASHINGTON INC
    1602 L STREET NW
    WASHINGTON,DC20036     		NONE PC GENERAL SUPPORT 3,500
    LEVINE MUSIC
    2801 UPTON STREET NW
    WASHINGTON,DC20008     		NONE PC GENERAL SUPPORT 10,000
    LITERACY COUNCIL OF MONTGOMERY COUNTY
    21 MARYLAND AVENUE
    ROCKVILLE,MD20850     		NONE PC GENERAL SUPPORT 25,000
    MAKE-A-WISH - MID ATLANTIC
    6555 ROCK SPRING DRIVE
    BETHESDA,MD20817     		NONE PC GENERAL SUPPORT 50,000
    MARY'S CENTER
    2333 ONTARIO ROAD
    WASHINGTON,DC20009     		NONE PC GENERAL SUPPORT 150,000
    MCCP FOUNDATION
    6699 SPRINGFIELD CENTER DRIVE
    SPRINGFIELD,VA22150     		NONE PC GENERAL SUPPORT 100,000
    MIRIAM'S KITCHEN
    2401 VIRGINIA AVE NW
    WASHINGTON,DC20037     		NONE PC GENERAL SUPPORT 85,000
    MISSION OF MERCY
    103 W MIDDLE STREET
    GETTYSBURG,PA17325     		NONE PC GENERAL SUPPORT 20,000
    MONTGOMERY HOUSING PARTNERSHIP
    12200TECH ROAD
    SILVER SPRING,MD20904     		NONE PC GENERAL SUPPORT 500,000
    MUSEUM OF JEWISH HERITAGE
    36 BATTERY PLACE
    NEW YORK,NY10280     		NONE PC GENERAL SUPPORT 1,500
    NAACP LEGAL DEFENSE FUND
    40 RECTOR STREET
    NEW YORK,NY10006     		NONE PC GENERAL SUPPORT 2,500
    NAROPA UNIVERSITY
    2130 ARAPAHOE AVENUE
    BOULDER,CO80302     		NONE PC GENERAL SUPPORT 25,000
    NATIONAL BRAIN TUMOR SOCIETY
    55 CHAPEL STREET
    NEWTON,MA02458     		NONE PC GENERAL SUPPORT 50,000
    NATIONAL CENTER FOR HEBREW LANGUAGE
    729 7TH AVENUE
    NEW YORK,NY10019     		NONE PC GENERAL SUPPORT 50,000
    NAVY-MARINE CORP RELIEF SOCIETY
    845 N RANDOLPH STREET
    ARLINGTON,VA22203     		NONE PC GENERAL SUPPORT 5,000
    NEW YORK UNIVERSITY COURANT INSTITUTE
    PO BOX 6706
    HAGERSTOWN,MD21741     		NONE PC GENERAL SUPPORT 1,000
    NORWOOD SCHOOL
    8821 RIVER ROAD
    BETHESDA,MD20817     		NONE PC GENERAL SUPPORT 2,500
    NYU LANGONE HEALTH
    ONE PARK AVENUE
    NEW YORK,NY10016     		NONE PC GENERAL SUPPORT 1,000,000
    OCEAN CITY RECREATION BOOSTERS
    200 125TH STREET
    OCEAN CITY,MD21842     		NONE PC GENERAL SUPPORT 10,000
    PARKINSON'S FOUNDATION
    200 SE 1ST STREET
    MIAMI,FL33131     		NONE PC GENERAL SUPPORT 50,000
    PATHWAY TO HOUSING
    828 EVARTS STREET
    WASHINGTON,DC20018     		NONE PC GENERAL SUPPORT 30,000
    PRESBYTERIAN CHURCH
    624 N LAFAYETTE STREET
    DENVER,CO80218     		NONE PC GENERAL SUPPORT 5,000
    PENFED FOUNDATION
    2930 EISENHOWER AVENUE
    ALEXANDRIA,VA22314     		NONE PC GENERAL SUPPORT 25,000
    REAL FOOD FOR KIDS
    6166 HARDY DRIVE
    MCLEAN,VA22101     		NONE PC GENERAL SUPPORT 10,000
    SANDER COHEN SCHOLARSHIP FOUNDATION
    2 LAKESTONE COURT
    ROCKVILLE,MD20850     		NONE PC GENERAL SUPPORT 15,000
    SAVE THE CHILDREN
    501 KINGS HIGHWAY EAST
    FAIRFIELD,CT06825     		NONE PC GENERAL SUPPORT 25,000
    SEMPER FI & AMERICAN'S FUND
    825 COLLEGE BLVD
    OCEANSIDE,CA92057     		NONE PC GENERAL SUPPORT 3,000
    SHAMBHALA-NALANDA FOUNDATION
    1345 SPRUCE STREET
    BOULDER,CO80302     		NONE PC GENERAL SUPPORT 2,500
    SKANEATELES ECUMENICAL FOOD PANTRY
    819 W COENESEE ROAD
    SKANEATELES,NY12152     		NONE PC GENERAL SUPPORT 5,000
    SOCIETY FOR SCIENCE & THE PUBLIC
    1719 N STREET NW
    WASHINGTON,DC20036     		NONE PC GENERAL SUPPORT 25,000
    SUITS FOR CHANGE
    1023 15TH STREET NW
    WASHINGTON,DC20005     		NONE PC GENERAL SUPPORT 1,000
    TEACHERS COLLEGE COLUMBIA UNIVERSITY
    525 W 120TH STREET
    NEW YORK,NY10027     		NONE PC GENERAL SUPPORT 2,500
    TEACH FOR AMERICA
    PO BOX 398524
    SAN FRANCISCO,CA94139     		NONE PC GENERAL SUPPORT 5,000
    THE SHEPHERD'S TABLE
    8106 GEORGIA AVENUE
    SILVER SPRING,MD20910     		NONE PC GENERAL SUPPORT 20,000
    THE WORLD VALUES NETWORK
    313 W 71ST STREET
    NEW YORK,NY10023     		NONE PC GENERAL SUPPORT 10,000
    UPAYA FOR CONTEMPLATIVE STUDIES
    942 EVELY AVENUE
    ALBANY,CA94706     		NONE PC UPAYA/KARUNA TRAINING 5,000
    VANDERBILT UNIVERSITY
    2301 VANDERBILT PL
    NASHVILLE,TN37240     		NONE PC GENERAL SUPPORT 5,000
    VETERANS COMMUNITY PROJECT
    8900 TROOST AVENUE
    KANSAS CITY,MO64131     		NONE PC GENERAL SUPPORT 25,000
    VISCARDI CENTER
    201 IU WILLETS ROAD
    ALBERTSON,NY11507     		NONE PC GENERAL SUPPORT 50,000
    VOICES FOR CHILDREN
    1010 GRANDIN AVE
    ROCKVILLE,MD20851     		NONE PC GENERAL SUPPORT 15,000
    WASHINGTON HOUSING CONSERVANCY
    1310 L STREET NW
    WASHINGTON,DC20005     		NONE PC GENERAL SUPPORT 500,000
    WE CARE
    6901 RADNOR ROAD
    BETHESDA,MD20817     		NONE PC GENERAL SUPPORT 100,000
    Total .................................bullet 3a 5,949,000
    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 ...........     		    14 1,291,030  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 30,676,519  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aUBI FROM K-1S     		523000 5,421,370      
    bLESS: UBI FROM PASSTHROUGHS 523000 -5,421,370      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 35,257,157 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    35,257,157
    (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:
    ROBERT I SCHATTNER FOUNDATION
    EIN:
    52-1800778
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 17,640 882   16,758

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

    TY 2021 DepreciationSchedule
    Name:
    ROBERT I SCHATTNER FOUNDATION
    EIN:
    52-1800778
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    DENTAL CABINET 2017-05-11 1,053 765 SL 5.000000000000 211 0    
    OFFICE FURNITURE 2017-10-09 17,636 11,022 SL 5.000000000000 3,527 0    
    PAINTING 2018-03-22 1,400 805 SL 5.000000000000 280 0    
    OFFICE FURNITURE (SOFA) 2018-03-19 1,148 661 SL 5.000000000000 230 0    
    DISPLAY CASE 2018-02-23 1,517 871 SL 5.000000000000 303 0    
    OFFICE FURNITURE 2018-05-29 2,201 1,155 SL 5.000000000000 440 0    
    PAINTING 2018-06-28 9,050 4,751 SL 5.000000000000 1,811 0    
    LEASEHOLD IMPROVEMENTS 2018-07-20 3,220 1,530 SL 5.000000000000 644 0    

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    ROBERT I SCHATTNER FOUNDATION
    EIN:
    52-1800778
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SVB FINANCIAL GROUP NTS 31,975 33,617
    FNMA PL BP5878 25,623 25,192
    FNMA PL FM1090 13,801 13,984
    STANFORD HEALTH CARE B/E 31,511 31,191
    SOUTHERN CALIF EDISON CO 21,165 22,512
    FNMA PL FM1567 26,446 27,322
    FNMA PL FM3463 103,960 103,269
    AMERICAN HOMES 4 RENT L 23,744 23,548
    FNMA PL MA3073 1,875 1,929
    FNMA PL MA4494 77,929 77,485
    ARES CAPITAL CORP NTS 48,357 47,911
    FNMA PL BO8662 6,056 6,122
    AT&T INC B/E 48,317 49,895
    ROYALTY PHARMA PLC B/E 24,391 24,004
    FORD CR FLOORPLAN MAS OWN TR 97,694 96,508
    AUTONATION INC NTS B/E 18,092 17,382
    BANK MONTREAL QUE PFD CL 34,605 34,347
    PRUDENTIAL PLC B/E 15,463 14,958
    GENERAL MOTORS CO B/E 12,250 12,358
    BK OF AMER CORP B/E 23,830 24,278
    PLAINS ALL AMER PIPELINE 37,425 37,322
    FHLMC PL C91993 1,598 1,639
    PHYSICIANS REALTY LP B/E 31,932 31,843
    EAGLE MATERIALS INC B/E 14,044 13,832
    FNMA PL BO7504 103,218 105,449
    FHLMC PL RA5552 192,724 190,300
    ACCRUED INTEREST 0 18,627
    WASTE MGMT INC B/E 15,918 16,734
    ACTIVISION BLIZZARD INC 28,215 28,139
    FHLMC PL RE6066 49,396 48,006
    VERIZON OWNER TRUST 7,731 7,712
    VERIZON COMMUNICATIONS 7,975 8,473
    FHLMC PL ZN1448 7,374 7,587
    VALERO ENERGY CORP NTS 36,879 36,899
    FIDELITY NATL FINANCIAL 18,954 20,078
    UNITED STATES T RATE 1.2500% MATURES 05/15/50 111,633 101,540
    UNITED AIR 2014-2 A PTT 35,602 35,318
    FIRST AMERN FINL CORP 24,916 24,397
    FNMA PL AS6709 4,277 4,417
    U S TREASURY NOTE RATE 1.6250% MATURES 10/31/26 502,499 487,402
    U S TREASURY NOTE RATE 1.6250% MATURES 08/15/29 259,828 253,858
    U S TREASURY NOTE RATE 1.6250% MATURES 05/15/26 214,143 209,566
    U S TREASURY NOTE RATE 1.250% MATURES 06/30/28 371,354 368,499
    U S TREASURY NOTE RATE 0.6250% MATURES 10/15/24 91,005 90,282
    U S TREASURY NOTE RATE 0.250% MATURES 03/15/24 396,266 392,315
    FNMA PL AS8157 4,289 4,424
    FNMA PL BJ9169 7,304 7,501
    FNMA PL BN7664 40,353 41,216
    TANGER PROPERTIES LP NTS 32,300 32,069
    FNMA PL BO1766 20,938 21,325
    SYSCO CORP NTS B/E 15,028 15,585
    BOARDWALK PIPELINES LLC 20,976 21,700
    FHLMC PL RA3606 373,224 360,565
    CITIGROUP INC B/E 39,000 39,000
    HANOVER INSURANCE GROUP 24,119 23,889
    MICRON TECHNOLOGY INC 26,000 26,029
    HARTFORD HEALTHCARE CORP 17,113 18,155
    INTEL CORP B/E 24,284 24,055
    CITIGROUP COMMERCIAL MRTG TR 40,941 39,912
    CITIGROUP INC B/E 17,834 17,712
    BOARDWALK PIPELINES LP 18,322 25,214
    JETBLUE AIRWAYS CORP 29,208 31,335
    MAGELLAN MIDSTREAM 13,157 12,756
    LOWE'S COS INC B/E 34,966 34,652
    JPMORGAN CHASE & CO B/E 48,234 48,712
    HOLLYFRONTIER CORP B/E 49,040 49,591
    JUNIPER NETWORKS NTS B/E 35,932 34,042
    KINDER MORGAN INC NTS 19,646 21,131
    KINROSS GOLD CORP NTS 9,493 9,765
    KOHLS CORP NTS B/E 24,155 24,468
    LEGGETT & PLATT INC NTS 38,885 39,282
    FHLMC PL QA3869 12,516 12,823
    LEAR CORP B/E 11,975 12,666
    MORGAN STANLEY BAML TRUST 20,545 20,407
    CHARTER COMM OPT LLC/CAP 11,902 11,608
    BOEING CO NTS B/E 25,000 25,001
    INVITATION HOMES OP NTS 36,952 36,630
    PACKAGING CORP OF AMER 41,779 41,961
    PACIFICORP 47,569 47,354
    PACIFIC GAS & ELEC NTS 49,150 48,699
    DIAMONDBACK ENERGY INC 28,298 28,631
    BRUNSWICK CORP NTS B/E 23,939 23,039
    OMEGA HEALTHCARE INVS 23,570 23,191
    OLD REP INTL CORP B/E 15,989 17,269
    NORTHWELL HEALTHCARE INC 2,056 2,226
    CARMAX AUTO OWNER TRUST 23,815 24,051
    GOLDMAN SACHS GROUP INC 16,004 16,329
    NEWFIELD EXPLORATION CO 35,226 35,460
    CDW LLC/CDW FIN CORP 40,000 40,969
    CDW LLC/CDW FIN CORP 20,705 20,650
    CHARLES SCHWAB CORP B/E 40,000 40,400
    CVS HEALTH CORP 16,202 18,333

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    ROBERT I SCHATTNER FOUNDATION
    EIN:
    52-1800778
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 256,995 344,954
    KUBOTA CORP ADR JAPAN ADR 86,103 102,559
    LENNAR CORP CL A 127,477 190,038
    LINDE PLC EUR 58,676 76,907
    LONZA GROUP AG ADR 116,715 149,382
    LORD ABBOTT SHORT 3,000,000 2,971,360
    LORD ABBOTT ULTRA SHORT 273,833 272,741
    LOREAL CO ADR FRANCE ADR 184,877 238,359
    LUKOIL PJSC SPON ADR 96,121 111,981
    KOMATSU LTD SPON ADR NEW 72,199 69,619
    MARTIN MARIETTA MATERIALS INC 116,717 189,864
    MEDTRONIC PLC 125,579 121,657
    META PLATFORMS INC CL A 304,541 384,784
    MICHELIN COMPAGNIE GENERALE 130,764 153,424
    MICROCHIP TECHNOLOGY INC 129,241 178,734
    MICROSOFT CORP 188,843 294,616
    MICROSOFT CORP 228,546 355,154
    MITSUBISHI UFJ FINANCIAL GROUP 50,946 64,848
    MSCI INC 68,620 101,094
    MASTERCARD INC CL A 294,985 313,686
    JOHNSON CTLS INTL PLC 109,615 197,990
    ISHARES RUSSELL MID-CAP VALUE ETF 7,241,184 7,656,705
    ISHARES RUSSELL 2000 ETF 3,999,600 4,004,100
    GARTNER INC 85,707 189,894
    GENL DYNAMICS CORP 74,086 104,652
    HAIER SMART HOME CO LTD SPON ADR 65,839 80,479
    HARTFORD MULTIFACTOR DEVELOPED 5,304,819 6,743,225
    HDFC BANK LTD ADR REPSTG 3 ORD 58,079 61,491
    HONEYWELL INTL INC 154,938 144,914
    ICICI BANK LTD SPON ADR 71,698 109,617
    ILLUMINA INC 103,520 115,273
    YANDEX N V CL A EUR 51,789 48,400
    INTUITIVE SURGICAL INC NEW 98,227 140,127
    INVESCO S&P SMALLCAP LOW 2,902,381 3,452,265
    INVESCO SENIOR LN ETF 2,999,973 3,005,246
    ISHARES CORE MSCI EAFE ETF 6,377,962 8,533,442
    ISHARES CORE S&P MIDCAP ETF 3,999,428 4,176,845
    ISHARES MSCI ACWI EX US ETF 11,800,247 12,034,064
    ISHARES MSCI EMERGING MARKETS 1,801,653 1,655,907
    ISHARES MSCI USA MOMENTUM 885,139 1,043,283
    ISHARES MSCI USA QUALITY 6,053,111 9,242,187
    ISHARES MSCI USA VALUE FACTOR 4,790,141 6,041,759
    MULTIFACTOR ETF 2,088,120 2,424,176
    NESTLE S A SPONSORED ADR 125,949 151,459
    NETFLIX INC 159,628 176,515
    NIKE INC CL B 106,295 139,669
    SHIONOGI & CO LTD ADR 77,638 96,062
    SONOVA HLDG AG ADR 55,573 78,520
    SONY CORP ADR NEW JAPAN ADR 128,491 193,392
    STARBUCKS CORP 130,899 162,588
    SUN COMMUNITIES INC 49,060 71,600
    SYMRISE AG ADR 91,669 104,686
    SYSMEX CORP UNSPONSORED ADR 88,530 117,039
    TAIWAN SEMICONDUCTOR MFG CO 188,493 226,664
    TENCENT HLDGS LTD ADR 202,756 179,622
    TWITTER INC 104,462 99,795
    TYSON FOODS INC CL A 76,080 108,601
    UNICHARM CORP SPON ADR 124,783 121,353
    UNILEVER PLC AMER SHS NEW SPON 90,133 83,267
    UNITEDHEALTH GROUP INC 145,538 216,422
    VANGUARD RUSSELL 3000 ETF 13,694,062 19,400,347
    VISA INC CL A 232,875 244,882
    WALGREENS BOOTS ALLIANCE INC 53,688 66,191
    XP INC 65,075 60,210
    XYLEM INC 119,008 156,016
    SGS SA ADR UNSPONSORED 42,157 51,745
    FUCHS PETROLUB AG UNSPONSORED 15,297 12,443
    SERVICENOW INC 178,471 234,329
    SAP SE SPON ADR 163,379 163,648
    NITORI HLDGS CO LTD ADR 96,608 69,515
    NOVOZYMES A/S ADR 42,904 59,846
    NUVEEN PREFERRED 3,000,000 2,953,099
    OSHKOSH CORP 94,733 100,425
    P.T. TELEKOMUNIKASI INDONESIA SPON ADR 64,297 81,172
    PARKER HANNIFIN CORP 127,295 173,375
    PAYPAL HOLDINGS INC 158,836 140,304
    PAYPAL HOLDINGS INC 123,502 110,885
    PHILLIPS 66 58,583 68,692
    PING AN INSURANCE (GROUP) CO OF CHINA LTD REPSTG 79,779 54,449
    PNC FINANCIAL SERVICES GROUP 88,087 141,166
    PROCTER & GAMBLE CO 127,726 152,129
    PUTNAM ULTRA SHORT 213,872 213,237
    QUALCOMM INC 133,526 185,247
    RIO TINTO PLC SPON ADR 113,003 110,183
    ROCHE HLDG LTD SPONS ADR SWITZ 160,967 189,702
    ROYAL DUTCH SHELL PLC ADS 65,042 82,148
    RPM INTL INC (DELA) 120,237 145,541
    SALESFORCE.COM INC 256,601 293,774
    SCHNEIDER ELEC SE UNSPONSORED 133,452 190,129
    FOMENTO ECONOMICO MEXICANO 76,594 87,812
    INFINEON TECHNOLOGIES ADR 164,142 207,736
    CHUBB LTD CHF 73,509 105,934
    CAPITAL ONE FINCL CORP 114,646 175,124
    CDN NATL RAILWAY CO CAD 58,889 67,942
    CHECK POINT SOFTWARE TECH LTD 143,455 138,007
    CHUGAI PHARMACEUTICAL LTD ADR 112,923 77,955
    CINN FINANCIAL CORP 97,190 130,906
    COCA COLA CO COM 114,183 137,959
    COMMERCE BANCSHARES 68,350 81,113
    CONSTELLATION BRANDS INC CL A 100,300 114,944
    BHP GROUP LTD SPON ADR 181,194 149,004
    CORTEVA INC 128,939 176,213
    CROWN CASTLE INTL CORP REIT 129,385 169,914
    CSPS PHARMACEUTICAL GROUP LTF 87,687 78,372
    CULLEN FROST BANKERS INC 78,569 109,429
    DANAHER CORP 194,770 290,187
    DASSAULT SYSTEMS S A SPON ADR 132,319 193,483
    DBS GROUP HLDGS LTD. SPON ADR 142,013 191,410
    DIAGEO PLC NEW GB SPON ADR 58,253 80,131
    DIAMOND HILL SHORT 3,000,000 2,973,503
    COTERRA ENERGY INC 87,807 94,848
    BANCO BILBAO VIZCAYA ARGENTARIA S.A. SPON ADR 65,015 83,712
    AUTODESK INC 203,533 208,924
    ATLAS COPCO AB NEW REPSTG COM 182,363 245,912
    ACCENTURE PLC IRELAND CL A 167,876 282,723
    ADOBE INC. (DELAWARE) 293,155 348,742
    ADOBE INC. (DELAWARE) 215,320 250,073
    ADYEN N V ADR 169,003 210,376
    AIA GROUP LTD SPON ADR 191,455 172,748
    AIR LIQUIDE ADR FRANCE ADR 58,419 63,812
    AIRBNB INC CL A 162,289 181,641
    ALCON INC CHF 75,025 100,972
    ALCON INC CHF 101,470 143,138
    ALFA LAVAL AB SWEDEN ADR 61,953 94,493
    ALIGN TECHNOLOGY INC 83,552 115,664
    ALLIANZ SE ADR 189,035 192,728
    ALPHABET INC CL A 100,340 179,616
    ALPHABET INC CL C 287,065 506,378
    AMAZON.COM INC 557,770 556,835
    AMBEV SA SPON ADR 51,814 53,525
    AMERIPRISE FINANCIAL INC 88,479 149,925
    AMGEN INC 156,148 145,781
    ANSYS INC 184,875 221,017
    DOCUSIGN INC 38,765 37,621
    ECOLAB INC 137,808 151,545
    ZOETIS INC 184,299 276,242
    ELANCO ANIMAL HEALTH INC 92,653 95,924
    EQUITY LIFESTYLE PROPERTIES 48,734 68,988
    FANUC CORP ADR 51,981 52,799
    EPIROC AKTIEBOLAG ADR 78,225 116,941
    ENN ENERGY HOLDINGS LTD SPON ADR 88,908 102,679

    TY 2021 InvestmentsOtherSchedule2
    Name:
    ROBERT I SCHATTNER FOUNDATION
    EIN:
    52-1800778
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    EJF FINANCIAL LONG SHARE O AT COST 26,831,243 29,491,452
    INSIGHT PARTNERS AT COST 1,012,980 1,005,902
    EJF FINANCIAL HEDGE SHARE CLASS E AT COST 15,440,613 16,971,477
    EJF FINANCIAL EQUITIES AT COST 1,328,002 1,328,002
    EJF DEBT OPPORTUNITIES FUND AT COST 21,952,404 21,285,020
    EJF SIDECAR SERIES E AT COST 1,349,216 1,393,651
    COLLER INTERNATIONAL PARTNERS AT COST 804,385 804,385
    COLLER CAPITAL AT COST 1,222,591 1,222,591
    STEPSTONE TACTICALGROWTH AT COST 554,043 554,043
    SOF-XII VIP TE, LP (STARWOOD CAPITAL) AT COST 3,282 0
    ARMADILLO FINCIAL FUND AT COST 236,096 45,243
    CAMBER CREEK AT COST 623,492 623,492
    BRIDGE WORKFORCE AND AFFORDABL HOU FUND-R2 LP AT COST 872,430 1,615,112
    BLACKROCK PRIVATE OPPOR FUND IV (CAYMAN) LP AT COST 1,050,134 1,050,134
    INFRASTRUCTURE INVSTMNTS AT COST 2,000,000 2,000,000
    BLUMBERG CAPITAL AT COST 301,932 301,932

    TY 2021 LandEtcSchedule2
    Name:
    ROBERT I SCHATTNER FOUNDATION
    EIN:
    52-1800778
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    DENTAL CABINET 1,053 976 77  
    OFFICE FURNITURE 17,636 14,549 3,087  
    PAINTING 1,400 1,085 315  
    OFFICE FURNITURE (SOFA) 1,148 891 257  
    DISPLAY CASE 1,517 1,174 343  
    OFFICE FURNITURE 2,201 1,595 606  
    PAINTING 9,050 6,562 2,488  
    LEASEHOLD IMPROVEMENTS 3,220 2,174 1,046  


    TY 2021 OtherExpensesSchedule
    Name:
    ROBERT I SCHATTNER FOUNDATION
    EIN:
    52-1800778
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 266 0   266
    COMPUTER EXPENSE 8,058 0   8,058
    CONSULTING 75,000 71,230   3,770
    INSURANCE 3,034 0   3,034
    INVESTMENT EXPENSES 1,576,898 1,576,898   0
    MEMBERSHIPS 999 0   999
    OFFICE EXPENSE 2,488 126   2,362
    PAYROLL SERVICE 2,652 133   2,519
    TELEPHONE 3,248 162   3,086


    TY 2021 OtherIncomeSchedule2
    Name:
    ROBERT I SCHATTNER FOUNDATION
    EIN:
    52-1800778
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    EJF SPECIALTY FINANCIAL OPP 96 96 96
    EJF DEBT OPP FD 193,532 193,532 193,532
    EJF FINANCIAL SERVICES -5,258 -5,258 -5,258
    LESS: UBI FROM PASSTHROUGHS   -5,421,370  
    STARWOOD CAPITAL 543 543 543
    UBI FROM K-1S 5,421,370   5,421,370
    LESS: UBI FROM PASSTHROUGHS -5,421,370 0 -5,421,370


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    ROBERT I SCHATTNER FOUNDATION
    EIN:
    52-1800778
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 230,308 230,308   0


    TY 2021 TaxesSchedule
    Name:
    ROBERT I SCHATTNER FOUNDATION
    EIN:
    52-1800778
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 61,270 0   0
    FOREIGN TAXES PAID 68,658 68,658   0
    PAYROLL TAXES 24,181 1,209   22,972
    STATES TAXES (MD) 17,927 8,964   8,963