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
HECHT-LEVI FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)1731 HOBAN ROAD NW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC200071036
A Employer identification number

52-6035023
B Telephone number (see instructions)

(202) 338-3339
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$20,347,622J 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) 80,470
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 230,789 226,676  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,163,291
b Gross sales price for all assets on line 6a 3,432,868
7 Capital gain net income (from Part IV, line 2)... 1,163,291
8 Net short-term capital gain......... 0
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 161    
12 Total. Add lines 1 through 11........ 1,474,711 1,389,967  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 4,608 0 0 4,608
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 47,263 44,905   2,358
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 11,504 3,101   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 6,250     6,250
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 69,625 48,006 0 13,216
25 Contributions, gifts, grants paid....... 1,464,833 1,464,833
26 Total expenses and disbursements. Add lines 24 and 25 1,534,458 48,006 0 1,478,049
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -59,747
b Net investment income (if negative, enter -0-) 1,341,961
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 817,976 2,357,256 2,357,256
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,351,052 Click to see attachment861,006 882,830
b Investments—corporate stock (attach schedule)....... 240,948    
c Investments—corporate bonds (attach schedule)....... 599,269 Click to see attachment433,904 448,716
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,013,328 Click to see attachment7,996,620 12,433,977
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,929,057 Click to see attachment2,229,032 Click to see attachment4,224,843
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,951,630 13,877,818 20,347,622
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
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 13,951,630 13,877,818
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)..... 13,951,630 13,877,818
30 Total liabilities and net assets/fund balances (see instructions). 13,951,630 13,877,818
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
13,951,630
2
Enter amount from Part I, line 27a .....................
2
-59,747
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
8
4
Add lines 1, 2, and 3 ..........................
4
13,891,891
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
14,073
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,877,818
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 50000. USA TREASURY BONDS TREASURY INFLATION PR   2015-06-05 2021-01-15
b 45.808 LONG POND OFFSHORE, LTD SERIES C 2014-10   2015-06-29 2021-01-20
c 30.07 FEDERAL HOME LOAN MTG CORP GOLD POOL G18130   2006-07-05 2021-01-31
d 100000. SOUTH DAKOTA HSG DEV AUTH REF-HOMEOW REV   2014-10-24 2021-02-11
e 25.56 FEDERAL HOME LOAN MTG CORP GOLD POOL G18130   2006-07-05 2021-02-28
50000. BANK OF NY MELLON CORP CALL 03/15/2021 @   2017-04-25 2021-03-15
31.77 FEDERAL HOME LOAN MTG CORP GOLD POOL G18130   2006-07-05 2021-03-31
100000. COCA-COLA CO/THE UNSC   2014-09-22 2021-04-05
45.822 LONG POND OFFSHORE, LTD SERIES C 2014-10   2015-06-29 2021-04-20
28.6 FEDERAL HOME LOAN MTG CORP GOLD POOL G18130   2006-07-05 2021-04-30
178.221 PROSPECTOR OPPORTUNITY FUND FUND 1981   2014-12-30 2021-05-19
8175.02 PROSPECTOR OPPORTUNITY FUND FUND 1981   2014-06-16 2021-05-19
466. VANGUARD INDEX FUND ETF   2014-06-16 2021-05-19
775. VANGUARD MID CAP ETF   2014-06-16 2021-05-19
2332. ENBRIDGE INC SEDOL 2478906   2014-06-16 2021-05-28
2772. KINDER MORGAN INC   2014-06-16 2021-05-28
1930. ONEOK INC NEW   2014-06-16 2021-05-28
17.58 FEDERAL HOME LOAN MTG CORP GOLD POOL G18130   2006-07-05 2021-05-31
7.45 FEDERAL HOME LOAN MTG CORP GOLD POOL G18130   2006-07-05 2021-06-30
50000. USA TREASURY BONDS TREASURY INFLATION PR   2014-10-29 2021-07-15
45.822 LONG POND OFFSHORE, LTD SERIES C 2014-10   2015-06-29 2021-07-20
15000. BERKSHIRE HATHAWAY INC SR UNSEC   2012-01-20 2021-08-15
140000. USA TREASURY NOTES 02.125% DUE 08/15/202   2013-04-09 2021-08-15
1. GSE BONDS ANTITRUST LITIGATION MANY CUSIPS   2001-01-01 2021-09-27
45.804 LONG POND OFFSHORE, LTD SERIES C 2014-10   2015-06-29 2021-10-15
155000. SOUTHAMPTON TOWN NY RETIREMENT GO   2014-09-30 2021-11-15
1169.743 BARON DISCOVERY FUND-INST   2018-05-24 2021-11-19
1084.599 BROOKFIELD GLOBAL LISTED INFRASTRUCTURE FUND CLASS I   2021-05-28 2021-11-19
3400.416 SEAFARER OVERSEAS GROWTH & INCOME INSTL CLASS   2014-07-16 2021-11-19
2941.176 GRANDEUR PEAK US STALWARTS FUND   2020-12-04 2021-11-19
5631.211 VULCAN VALUE PART SM CAP-INS   2014-06-16 2021-11-19
3369.272 WCM FOCUSED INTL GROWTH-INS   2014-06-17 2021-11-19
8137.902 MATTHEWS ASIA DIVIDEND FUND CLASS IS FUND 0109   2016-12-16 2021-11-19
2341.598 TOUCHSTONE SANDS EM GR-INST FUND 565   2014-06-16 2021-11-19
135. VANGUARD HIGH DIVIDEND YIELD ETF   2021-05-28 2021-11-19
1620. VANGUARD INDEX FUND ETF   2014-06-16 2021-11-19
180. VANGUARD REAL ESTATE ETF   2021-05-28 2021-11-19
580. VANGUARD MID CAP ETF   2014-06-16 2021-11-19
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN 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 59,500   50,000 9,500
b 63,337   50,000 13,337
c 30   30  
d 100,000   100,000  
e 26   26  
50,000   50,000  
32   32  
107,284   100,000 7,284
70,797   50,015 20,782
29   29  
4,771   3,415 1,356
218,845   171,468 47,377
175,032   82,942 92,090
174,906   90,387 84,519
90,180   81,707 8,473
50,590   68,055 -17,465
101,619   78,923 22,696
18   18  
7   7  
59,459   50,000 9,459
71,953   50,015 21,938
15,000   15,000  
140,000   137,800 2,200
25   25  
69,174   49,995 19,179
155,000   147,104 7,896
45,000   23,524 21,476
15,000   14,534 466
49,000   40,771 8,229
77,000   56,412 20,588
153,000   107,969 45,031
100,000   40,970 59,030
184,730   145,491 39,239
51,000   24,634 26,366
14,721   14,414 307
699,685   288,340 411,345
19,706   17,880 1,826
149,335   67,645 81,690
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
      97,077
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       9,500
b       13,337
c        
d        
e        
       
       
      7,284
      20,782
       
      1,356
      47,377
      92,090
      84,519
      8,473
      -17,465
      22,696
       
       
      9,459
      21,938
       
      2,200
       
      19,179
      7,896
      21,476
      466
      8,229
      20,588
      45,031
      59,030
      39,239
      26,366
      307
      411,345
      1,826
      81,690
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,163,291
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 18,653
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 18,653
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 7,688
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,341
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 28,029
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 9,376
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet9,328 RefundedBullet 11 48
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletPNC BANK NA Telephone no.bullet (410) 237-5551

    Located atbullet116 ALLEGHENY CENTER MALLPITTSBURGHPA ZIP+4bullet15212
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    SANDRA L GERSTUNG PRESIDENT & DIRECTOR
    1     		0    
    1306 WESTELLAN ROAD
    TOWSON,MD212861338
    DR ALEXANDER H LEVI VICE PRESIDENT & DIRECTOR
    1     		0    
    211 CENTRAL PARK WEST APT 2
    NEW YORK,NY10024
    RICHARD H LEVI VICE PRESIDENT/TREASURER & DIRECTOR
    1     		0    
    1731 HOBAN ROAD NW
    WASHINGTON,DC200072036
    KENNETH ANECKSTEIN ESQUIRE SECRETARY & DIRECTOR
    1     		0    
    1212 S EAST AVE
    BALTIMORE,MD21224
    KAREN WEINSTEIN DIRECTOR
    1     		0    
    C/O HECT-LEVI FDN 1731 HOBAN RD NW
    WASHINGTON,DC200071036
    BRETT SIROTA DIRECTOR
    1     		0    
    C/O HECT-LEVI FDN 1731 HOBAN RD NW
    WASHINGTON,DC200071036
    ADRIENNE LEVI ESQUIRE DIRECTOR
    1     		0    
    C/O HECT-LEVI FDN 1731 HOBAN RD NW
    WASHINGTON,DC200071036
    SUSAN PERRY DIRECTOR
    1     		0    
    C/O HECT-LEVI FDN 1731 HOBAN RD NW
    WASHINGTON,DC200071036
    VICTORY LEVI DIRECTOR
    1     		0    
    C/O HECT-LEVI FDN 1731 HOBAN RD NW
    WASHINGTON,DC200071036
    JESSICA LEVI DIRECTOR
    1     		0    
    C/O HECT-LEVI FDN 1731 HOBAN RD NW
    WASHINGTON,DC200071036
    ADAM LEVI DIRECTOR
    1     		0    
    C/O HECT-LEVI FDN 1731 HOBAN RD NW
    WASHINGTON,DC200071036
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    19,585,593
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    19,585,593
    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
    19,585,593
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    293,784
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    19,291,809
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    964,590
    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
    964,590
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    18,653
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    18,653
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    945,937
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    945,937
    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
    945,937
    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 7 945,937
    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...... 842,539
    b From 2017...... 810,302
    c From 2018...... 33,639
    d From 2019...... 325,067
    e From 2020...... 380,914
    f Total of lines 3a through e ........ 2,392,461
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,478,049
    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..... 945,937
    e Remaining amount distributed out of corpus 532,112
    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 2,924,573
    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) ...     		842,539
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		2,082,034
    10 Analysis of line 9:
    a Excess from 2017.... 810,302
    b Excess from 2018.... 33,639
    c Excess from 2019.... 325,067
    d Excess from 2020.... 380,914
    e Excess from 2021.... 532,112
    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 e-mail address of the person to whom applications should be addressed:
    LINDA ANGEVINE
    2 HOPKINS PLAZA
    BALTIMORE,MD21201
    (410) 237-5551
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    FD ATLANTIC CITY FREE PUBLIC LIBRARY
    1 N TENNESSEE AVE
    ATLANTIC CITY,NJ08401     		NONE PC GENERAL OPERATING 3,000
    COLUMBIA UNIVERSITY
    533 W 218TH ST
    NEW YORK,NY10034     		NONE PC GENERAL OPERATING 2,000
    BOSTON UNIVERSITY
    233 BAY STATE ROAD
    BOSTON,MA02215     		NONE PC GENERAL OPERATING 5,000
    SHAKESPEARE THEATRE
    450 7TH STREET NW
    WASHINGTON,DC20004     		NONE PC GENERAL OPERATING 2,500
    UNITED WAY OF CENTRAL MARYLAND
    1800 WASHINGTON BLVD 340
    BALTIMORE,MD21230     		NONE PC GENERAL OPERATING 5,000
    ACLU OF NATIONAL CAPITAL AREA
    1400 20TH ST NW SUITE 11
    WASHINGTON,DC20036     		NONE PC GENERAL SUPPORT 70,000
    AMERICAN VISIONARY ART MUSEUM
    800 KEY HIGHWAY
    BALTIMORE,MD21230     		NONE PC GENERAL SUPPORT 5,000
    BALTIMORE MUSEUM OF ART
    10 ART MUSEUM DRIVE
    BALTIMORE,MD21218     		NONE PC GENERAL SUPPORT 21,000
    BALTIMORE SYMPHONY ORCHESTRA
    1212 CATHEDRAL ST 1
    BALTIMORE,MD21218     		NONE PC GENERAL SUPPORT 275,000
    CENTER STAGE
    700 NORTH CALVERT ST
    BALTIMORE,MD21202     		NONE PC GENERAL SUPPORT 10,000
    CHESAPEAKE BAY FOUNDATION
    212 WEST MAIN STREET SUITE 2
    SALISBURY,MD21801     		NONE PC GENERAL SUPPORT 3,500
    CONSERVATION INTERNATIONAL
    2011 CRYSTAL DRIVE SUITE 500
    ARLINGTON,VA22202     		NONE PC GENERAL SUPPORT 10,000
    CREATIVE ALLIANCE
    3134 EASTERN AVENUE
    BALTIMORE,MD21224     		NONE PC GENERAL SUPPORT 7,500
    EVERYMAN THEATRE
    1727 N CHARLES STREET
    BALTIMORE,MD21201     		NONE PC GENERAL SUPPORT 2,000
    FREER & SACKLER GALLERIES
    1050 INDEPENDENCE AVENUE SW
    WASHINGTON,DC20013     		NONE PC GENERAL SUPPORT 2,500
    FRIENDS SCHOOL OF BALTIMORE
    5114 NORTH CHARLES STREET
    BALTIMORE,MD21210     		NONE PC GENERAL SUPPORT 4,000
    JEWISH MUSEUM OF MARYLAND
    15 LLOYD STREET
    BALTIMORE,MD21202     		NONE PC GENERAL SUPPORT 3,000
    JHU BERMAN INSTITUTE OF BIOETHICS
    1809 ASHLAND AVENUE
    BALTIMORE,MD21205     		NONE PC GENERAL SUPPORT 230,000
    JHU PEABODY INSTITUTE
    1 EAST MOUNT VERNON PLACE
    BALTIMORE,MD21202     		NONE PC GENERAL SUPPORT 256,000
    MARLBORO SCHOOL OF MUSIC
    1616 WALNUT STREET SUITE 160
    PHILADELPHIA,PA19103     		NONE PC GENERAL SUPPORT 67,500
    MARYLAND INSTITUTE COLLEGE OF ART
    1300 MOUNT ROYAL AVENUE
    BALTIMORE,MD21217     		NONE PC GENERAL SUPPORT 5,000
    MARYLAND PUBLIC TELEVISION (MPT)
    FOUNDATION
    11767 OWINGS MILLS BLVD
    OWINGS MILLS,MD21117     		NONE PC GENERAL SUPPORT 2,000
    MARYLAND SCIENCE CENTER
    601 LIGHT STREET
    BALTIMORE,MD21230     		NONE PC GENERAL SUPPORT 3,000
    MONTEFIORE HEADACHE CENTER
    ALBERT EINSTEIN COLLEGE OF MEDICINE
    1165 MORRIS PAK AVENUE
    BRONX,NY10461     		NONE PC GENERAL SUPPORT 3,000
    NATIONAL AQUARIUM
    501 E PRATT STREET
    BALTIMORE,MD21202     		NONE PC GENERAL SUPPORT 8,000
    NATURE CONSERVANCY
    4245 NORTH FAIRFAX DRIVE
    ARLINGTON,VA22203     		NONE PC GENERAL SUPPORT 5,000
    NYU LANGONE MEDICAL CENTER
    ONE PARK AVENUE
    NEW YORK,NY10016     		NONE PC GENERAL SUPPORT 2,000
    PARK SCHOOL OF BALTIMORE
    2425 OLD COURT ROAD
    BALTIMORE,MD21208     		NONE PC GENERAL SUPPORT 343,333
    PLANNED PARENTHOOD
    929 WEST STREET 305
    ANNAPOLIS,MD21401     		NONE PC GENERAL SUPPORT 3,000
    REASON FOUNDATION
    5737 MESMER AVENUE
    LOS ANGELES,CA90230     		NONE PC GENERAL SUPPORT 2,500
    ASSOCIATED JEWISH COMMUNITY
    OF BALTIMORE
    101 WEST MT ROYAL AVENUE
    BALTIMORE,MD21201     		NONE PC GENERAL SUPPORT 75,000
    TREVOR DAY SCHOOL
    11 E 89TH STREET
    NEW YORK,NY10128     		NONE PC GENERAL SUPPORT 2,500
    US LACROSSE FOUNDATION
    113 W UNIVERSITY PARKWAY
    BALTIMORE,MD21210     		NONE PC GENERAL SUPPORT 3,000
    VERDE VALLEY SCHOOL
    3511 VERDE VALLEY SCHOOL RD
    SEDONA,AZ86351     		NONE PC GENERAL SUPPORT 3,000
    WALTER ART MUSEUM
    600 N CHARLES STREET
    BALTIMORE,MD21201     		NONE PC GENERAL SUPPORT 5,000
    GREATER BALTIMORE CULTURAL ALLIANCE
    120 W NORTH AVENUE
    BALTIMORE,MD21201     		NONE PC GENERAL SUPPORT 2,000
    INST FOR ISLAMIC CHRISTIAN AND
    JEWISH STUDIES
    956 DULANEY VALLEY ROAD
    BALTIMORE,MD21204     		NONE PC GENERAL SUPPORT 3,000
    YOUNG AUDIENCES
    2600 NOTH HOWARD ST
    BALTIMORE,MD21218     		NONE PC GENERAL SUPPORT 5,000
    MARYMOUNT MANHATTAN COLLEGE
    221 E 71ST ST
    NEW YORK,NY10021     		NONE PC ACADEMIC ACCESS PROGRAM 5,000
    Total .................................bullet 3a 1,464,833
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,163,291  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    14 161  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   1,394,241  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,394,241
    (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.
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    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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    HECHT-LEVI FOUNDATION INC
     
    Employer identification number

    52-6035023
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    HECHT-LEVI FOUNDATION INC
          		Employer identification number
    52-6035023
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    LEVI FAMILY REV DEED 2007 TR
    DLA PIPER THE MARBURY BLDG
    6225 SMITH AVENUE
    BALTIMORE, MD212093600

    		$ 80,470


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    HECHT-LEVI FOUNDATION INC
          		Employer identification number

    52-6035023
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    HECHT-LEVI FOUNDATION INC
          		Employer identification number

    52-6035023
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    HECHT-LEVI FOUNDATION INC
    EIN:
    52-6035023
    Name of Bond End of Year Book Value End of Year Fair Market Value
    02587DS41 AMERICAN EXPR CENTUR 74,344 75,568
    037833AK6 APPLE INC UNSC 9,987 10,239
    06406FAA1 BANK OF NY MELLON CO    
    084664BT7 BERKSHIRE HATHAWAY F 100,051 100,940
    084670BC1 BERKSHIRE HATHAWAY I    
    191216BE9 COCA-COLA CO/THE UNS    
    2546723U0 DISCOVER BANK INSTL 99,934 104,173
    478160BY9 JOHNSON & JOHNSON CA 50,009 52,170
    742718EP0 PROCTER & GAMBLE CO/ 99,579 105,626

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    HECHT-LEVI FOUNDATION INC
    EIN:
    52-6035023
    Name of Stock End of Year Book Value End of Year Fair Market Value
    682680103 ONEOK INC NEW    
    29250N105 ENBRIDGE INC SEDOL 2    
    49456B101 KINDER MORGAN INC    

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    HECHT-LEVI FOUNDATION INC
    EIN:
    52-6035023
    US Government Securities - End of Year Book Value:

    861,006
    US Government Securities - End of Year Fair Market Value:

    882,830
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2021 InvestmentsOtherSchedule2
    Name:
    HECHT-LEVI FOUNDATION INC
    EIN:
    52-6035023
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    68278852 BARON DISCOVERY FUND-      
    317609295 SEAFARER OVERSEAS GR AT COST 230,775 266,747
    317609360 GRANDEUR PEAK GL OPP AT COST 195,000 199,316
    461418444 WCM FOCUSED INTL GRO AT COST 294,658 631,061
    577130750 MATTHEWS ASIA DIVIDE      
    743588204 PROSPECTOR OPPORTUNI      
    922031711 VANGUARD ULTRA-SHORT AT COST 2,500,000 2,488,834
    922908363 VANGUARD INDEX FUND AT COST 2,194,984 5,122,712
    922908629 VANGUARD MID CAP ETF AT COST 540,575 1,180,859
    05587K741 BNY MELLON INTERNATI AT COST 357,686 599,159
    15202B307 CENTERSTONE INVESTOR      
    31761R153 GRANDEUR PEAK US STA AT COST 144,588 173,187
    31761R211 VULCAN VALUE PART SM AT COST 141,357 144,342
    89154Q562 TOUCHSTONE SANDS EM AT COST 169,207 269,972
    068278852 BARON DISCOVERY FUND AT COST 115,314 170,882
    112740709 BROOKFIELD GLOBAL LI AT COST 183,466 191,544
    589509207 MERGER FUND CLASS I AT COST 380,000 380,880
    66538R680 NORTHERN LIGHTS INVE AT COST 185,217 212,255
    921946406 VANGUARD HIGH DIVIDE AT COST 183,649 192,829
    922908553 VANGUARD REAL ESTATE AT COST 180,144 209,398

    TY 2021 LegalFeesSchedule
    Name:
    HECHT-LEVI FOUNDATION INC
    EIN:
    52-6035023
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 4,608     4,608


    TY 2021 OtherAssetsSchedule
    Name:
    HECHT-LEVI FOUNDATION INC
    EIN:
    52-6035023
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    XXX-XX-XXXX LONG POND OFFSHORE, 400,000 199,975 272,656
    XXX-XX-XXXX GSO CDCG III FEEDER 28,517 28,517 7,074
    XXX-XX-XXXX PLEIADES OFFSHORE FU 500,540 400,540 857,442
    XXX-XX-XXXX VITTORIA OFFSHORE FU 2,000,000 1,600,000 3,087,671


    TY 2021 OtherDecreasesSchedule
    Name:
    HECHT-LEVI FOUNDATION INC
    EIN:
    52-6035023
    Description Amount
    RETURN OF CAPITAL ADJUSTMENT 2,616
    PRIOR YEAR ROC ADJUSTMENT 11,384
    2021 TRANSACTION POSTED IN 2022 48
    ADJUSTMENT TO INCOME 25


    TY 2021 OtherExpensesSchedule
    Name:
    HECHT-LEVI FOUNDATION INC
    EIN:
    52-6035023
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSE (NON-DEDUCTIBLE 6,250 0   6,250


    TY 2021 OtherIncomeSchedule2
    Name:
    HECHT-LEVI FOUNDATION INC
    EIN:
    52-6035023
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 161 0  


    TY 2021 OtherIncreasesSchedule
    Name:
    HECHT-LEVI FOUNDATION INC
    EIN:
    52-6035023
    Description Amount
    2020 TRANSACTION POSTED IN 2021 8


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    HECHT-LEVI FOUNDATION INC
    EIN:
    52-6035023
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PNC AGENT FOR TRUSTEE FEES 23,575 21,217   2,358
    OTHER PROFESSIONAL FEES 23,688 23,688    


    TY 2021 TaxesSchedule
    Name:
    HECHT-LEVI FOUNDATION INC
    EIN:
    52-6035023
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 788 788   0
    FEDERAL TAX PAYMENT - PRIOR YE 747 0   0
    FEDERAL ESTIMATES - PRINCIPAL 7,656 0   0
    FOREIGN TAXES ON QUALIFIED FOR 1,818 1,818   0
    FOREIGN TAXES ON NONQUALIFIED 495 495   0