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
THE RANDOLPH FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)255 EAST 49TH STREET 23D
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10017
A Employer identification number

47-0892971
B Telephone number (see instructions)

(212) 752-7148
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$63,522,871J Accounting method:
MODIFIED CASH
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 381 381  
4 Dividends and interest from securities... 385,256 345,645  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,293,149
b Gross sales price for all assets on line 6a 10,919,210
7 Capital gain net income (from Part IV, line 2)... 4,823,664
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 -36,536 -36,536  
12 Total. Add lines 1 through 11........ 5,642,250 5,133,154  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 475,000 169,000   306,000
14 Other employee salaries and wages...... 145,524 17,657   127,867
15 Pension plans, employee benefits....... 226,757 32,204   194,553
16a Legal fees (attach schedule)......... Click to see attachment 3,175 0   3,175
b Accounting fees (attach schedule)....... Click to see attachment 68,000 15,200   52,800
c Other professional fees (attach schedule).... Click to see attachment 575,431 535,620   0
17 Interest............... 117,137 93,233   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 816,877 12,869   1,500
19 Depreciation (attach schedule) and depletion... Click to see attachment 29,731 8,919  
20 Occupancy.............. 85,637 25,691   59,946
21 Travel, conferences, and meetings....... 42,121 4,212   37,909
22 Printing and publications.......... 5,033 1,510   3,523
23 Other expenses (attach schedule)....... Click to see attachment 243,642 71,117   173,066
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,834,065 987,232   960,339
25 Contributions, gifts, grants paid....... 1,087,400 1,087,400
26 Total expenses and disbursements. Add lines 24 and 25 3,921,465 987,232   2,047,739
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,720,785
b Net investment income (if negative, enter -0-) 4,145,922
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............. 161,137 283,633 283,633
2 Savings and temporary cash investments......... 6,231,229 6,354,961 6,354,961
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,007,104 Click to see attachment2,019,706 2,019,706
b Investments—corporate stock (attach schedule)....... 13,401,874 Click to see attachment11,084,915 11,084,915
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 37,688,303 Click to see attachment43,345,377 43,345,377
14 Land, buildings, and equipment: basis bullet1,288,717
Less: accumulated depreciation (attach schedule) bullet932,110 386,338 Click to see attachment356,607 356,607
15 Other assets (describe bullet) Click to see attachment3,971 Click to see attachment77,672 Click to see attachment77,672
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 59,879,956 63,522,871 63,522,871
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........... 59,879,956 63,522,871
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)..... 59,879,956 63,522,871
30 Total liabilities and net assets/fund balances (see instructions). 59,879,956 63,522,871
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
59,879,956
2
Enter amount from Part I, line 27a .....................
2
1,720,785
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,922,130
4
Add lines 1, 2, and 3 ..........................
4
63,522,871
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
63,522,871
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 NEW VERNON MATRIX K-1 P    
b ESSEX PRIVATE PLACEMENT K-1 P    
c ESSEX PRIVATE PLACEMENT K-1 UBIT P    
d HARDING LOEVNER-PUBLICLY TRADED SECURITIES P    
e CAPITAL MIDWEST III K-1 & TAX CREDIT P    
CURRENCY GAIN/LOSS P    
RICHARDSON PROPERTIES K-1 P    
RICHARDSON PROPERTIES K-1 UBIT 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 551,667     551,667
b 875,737     875,737
c     304,494 -304,494
d 9,148,170   5,617,319 3,530,851
e 166,870     166,870
    8,742 -8,742
176,766     176,766
    164,991 -164,991
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       551,667
b       875,737
c       -304,494
d       3,530,851
e       166,870
      -8,742
      176,766
      -164,991
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 4,823,664
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 57,628
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 57,628
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 53,276
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 23,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 76,276
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 70
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 18,578
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet18,578 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    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 addressbulletN/A
    14
    The books are in care ofbulletThe Organization Telephone no.bullet (212) 752-7148

    Located atbullet255 EAST 49TH STREET 23DNEW YORKNY ZIP+4bullet10017
    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)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    HEATHER R HIGGINS TRUSTEE/PRESIDENT
    40.00     		340,000 120,475 0
    255 EAST 49TH STREET
    NEW YORK,NY10017
    JAMES E HIGGINS TRUSTEE/TREASURER
    10.00     		135,000 17,550 0
    255 EAST 49TH STREET
    NEW YORK,NY10017
    JOANN BEYER TRUSTEE
    1.00     		0 0 0
    255 EAST 49TH STREET
    NEW YORK,NY10017
    POLLY JACKSON FRIESS TRUSTEE
    1.00     		0 0 0
    255 EAST 49TH STREET
    NEW YORK,NY10017
    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
    PAMELA FRANCO OPERATIONS MANAGER
    40.00     		130,000 69,369 0
    255 EAST 49TH STREET
    NEW YORK,NY10017
    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
    ESSEX CAPITAL MANAGEMENT INVESTMENT ADVISORY - THRU PARTNERSHIP 195,057
    125 HIGH STREET SUITE 1803
    BOSTON,MA02110
    HARDING LOEVNER INVESTMENT ADVISORY 189,660
    400 CROSSING BLVD
    BRIDGEWATER,NJ08807
    NEW VERNON MATRIX INVESTMENT ADVISORY - THRU PARTNERSHIP 62,382
    62 ELM STREET 1ST FLOOR
    MORRISTOWN,NJ07960
    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 PROVIDING ADVICE TO NOT-FOR-PROFIT ORGANIZATIONS THAT ARE RANDOLPH FOUNDATION GRANTEES REGARDING THEIR CHARITABLE PROGRAMS 334,568
    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
    61,530,897
    b
    Average of monthly cash balances.......................
    1b
    226,767
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,200,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    63,957,664
    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
    63,957,664
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    959,365
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    62,998,299
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,149,915
    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
    3,149,915
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    57,628
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    69,910
    c
    Add lines 2a and 2b............................
    2c
    127,538
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,022,377
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,022,377
    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
    3,022,377
    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 3,022,377
    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...... 746,272
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020...... 46,932
    f Total of lines 3a through e ........ 793,204
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,047,739
    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..... 2,047,739
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 793,204 793,204
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		181,434
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    PAMELA FRANCO
    255 EAST 49TH STREET 23D
    NEW YORK,NY10017
    (212) 752-7148
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN PROPOSAL ALONG WITH IRS EXEMPTION LETTER
    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
    Asher House
    P O Box 2159
    Estacada,OR97023     		  PC General Support FGP - Peter Richardson 1,200
    14 Plus Foundation Inc
    14 Wall Street 2nd Floor
    New York,NY10005     		  PC Rise Zambia - Joan Shulman Nursing Scholarship. 1,000
    Alzheimer's New Jersey
    425 Eagle Rock Avenue Suite 203
    Roseland,NJ07068     		  PC Carmen's Walk to Fight Alzheimer's - Raquel's Warriors in honor of Raquel Lopez 500
    American Conservation Coalition Campus (dba The Conservation Coalition)
    P O Box 391
    Appleton,WI54912     		  PC Presidential 5,000
    American Cornerstone Institute
    P O Box 354 611 Pennsylvania Avenue
    SE
    Washington,DC20003     		  PC Presidential 5,000
    American Repertory Theater (ART)
    64 Brattle Street
    Cambridge,MA02138     		  PC DA-JH General Support 5,000
    American Theatre Wing
    230 West 41st Street Suite 1101
    New York,NY10036     		  PC General Support 7,500
    American Theatre Wing
    230 West 41st Street Suite 1101
    New York,NY10036     		  PC In memory of Elaine Getter 2,500
    Americans for Tax Reform Foundation
    722 12th Street NW 4th Floor
    Washington,DC20005     		  PC Presidential 25,000
    Answer the Call (NY Police & Fire Widows' & Children's Benefit Fund (dba An
    156 West 56th Street Suite 901
    New York,NY10019     		  PC DA - JH in honor of Steve Shapiro 1,000
    Arizona Private Education Scholarship Fund
    15900 North 78th Street Suite 210
    Scottsdale,AR85260     		  PC FGP - Polly Friess in honor of Gary Damore. 4,000
    Atlas Network
    Two Liberty Center 4075 Wilson Blvd
    Suite 310
    Arlington,VA22203     		  PC Presidental Grant - for their 2021 YE Match Program 5,000
    Cambodian Living Arts (Living Arts International)
    228 Park Avenue South 49331
    New York,NY10003     		  PC FGP - Catherine MacDonald 2,200
    Capital Research Center
    1513 Sixteenth Street NW
    Washington,DC20036     		  PC Regular Grant - Board Approved 1st installment of a 2-year pledge 50,000
    Capital Research Center
    1513 Sixteenth Street NW
    Washington,DC20036     		  PC Regular Grant - Board Approved 1st installment of a 2-year pledge 50,000
    Carolina Ballet
    3401-131 Atlantic Avenue
    Raleigh,NC27604     		  PC FGP - Alexander Massengale 6,200
    Carolina Tiger Rescue
    1940 Hanks Chapel Road
    Pittsboro,NC27312     		  PC FGP - Laurin Massengale general support 2,500
    City Lights & Company
    130 Elm Steet
    Bridgeport,CT06604     		  PC Support free arts programs for Bridgeport youth and the community. 6,200
    Chief Cornerstone Full Gospel Ministries
    4 Assumption Place
    New Orleans,LA70129     		  PC FGP - Kim Loan Daly Temple 4,000
    Chief Cornerstone Full Gospel Ministries
    4 Assumption Place
    New Orleans,LA70129     		  PC FGP - Spencer Temple 1,000
    Claremont Institute
    1317 West Foothill Blvd Suite 120
    Upland,CA91786     		  PC American Mind Podcast Project 26,000
    Color Us United - Center for Race and Opportunity
    P O Box 314
    Kingston,NJ08528     		  PC Presidential Grant - General Support 25,000
    Color Us United - Center for Race and Opportunity
    P O Box 314
    Kingston,NJ08528     		  PC Director Allocated - James Higgins General Support 500
    Committee to Reduce Infection Deaths
    5 Partridge Hollow Road
    Greenwich,CT06831     		  PC Presidential 5,000
    Community of Jesus
    5 Bayview Drive
    Orleans,MA02653     		  PC FGP - Alexander Pugsley 2,300
    Community Supported Shelters
    1160 Grant Street
    Eugene,OR97402     		  PC General Support 1,300
    Connecticut River Conservancy
    15 Bank Row
    Greenfield,MA01301     		  PC General Support 3,500
    Conservative Coalition for Climate Solutions
    301 Park Avenue Suite 100
    Falls Church,VA22046     		  PC FGP - Rod Richardson 6,200
    Convention of States Foundation
    5850 San Felipe Suite 575
    Houston,TX77057     		  PC Support the Tom Coburn Legacy Fund 5,000
    CORE Community Organized Relief Effort
    6464 Sunset Blvd Ste 530
    Los Angeles,CA90028     		  PC Support work in India - being made at the request of Patricia Velasquez. 2,000
    Crime Prevention Research Center
    P O Box 2293 1100 West Kent Avenue
    Missoula,MT59801     		  PC DA - James Higgins General Support 1,000
    Cystic Fibrosis Foundation
    4550 Montgomery Avenue Suite 1100N
    Bethesda,MD20814     		  PC FGP Patricia Stetson Agnew - Research 3,500
    Cystic Fibrosis Foundation
    4550 Montgomery Avenue Suite 1100N
    Bethesda,MD20814     		  PC FGP - Stuart Daly 3,400
    Daily Caller News Foundation
    1175 Eye Street NW Suite 1150-291
    Washington,DC20006     		  PC General Operating Support - Presidential Grant 25,000
    Diocese of Trenton
    701 Lawrenceville Road
    Trenton,NJ08648     		  PC FGP - Catherine MacDonald 2,000
    Dorothy Day House
    1931 Center Street
    Berkeley,CA94704     		  PC General support. 3,400
    Ethics and Public Policy Center
    1730 M Street NW Suite 910
    Washington,DC20036     		  PC Multi-Year 3-Year Pledge (2021 - 2023) 25,000
    Ethics and Public Policy Center
    1730 M Street NW Suite 910
    Washington,DC20036     		  PC Presidential 50,000
    Fellowship Foundation Inc dba The International Foundation
    P O Box 45960
    Baltimore,MD21207     		  PC FGP - Polly Friess - support the work of OS Guinness 2,200
    Foundation for Cultural Review (The New Criterion)
    900 Broadway
    New York,NY10003     		  PC Presidential grant - General support. Total $15,000 over 3 years. 2021 = $5,000; 2022 = $5,000; 2023 = $5,000. 2021 funding was the 1st payment of the 3-year pledge.Presidential grant - General support. Total $15,000 over 3 years. 2021 = $5,000; 2022 = $5,000; 2023 = $5,000. 2021 funding was the 1st payment of the 3-year pledge. 5,000
    Foundation for Cultural Review (The New Criterion)
    900 Broadway
    New York,NY10003     		  PC Presidential Grant - see worksheet for detail. 25,000
    Freedom Works Foundation
    111 K Street NE Suite 600
    Washington,DC20002     		  PC General Support - Presidential Grant 10,000
    Freedom Works Foundation
    111 K Street NE Suite 600
    Washington,DC20002     		  PC Presidental - pre-payment for 2022 10,000
    Haven The
    P O Box 273
    Charolottesville,VA22902     		  PC General Support FGP David Johnson 6,200
    Helen Keller International
    One Dag Hammarskyold Plaza Floor 2
    New York,NY10017     		  PC FGP - Randy Higgins 1,000
    Hoover Institution
    434 Galvez Mall
    Stanford,CA94305     		  PC Shelby Steele; Payment #3 of 3 25,000
    Hoover Institution
    434 Galvez Mall
    Stanford,CA94305     		  PC Richard Epstein; Payment of #3 of 3 25,000
    Hoover Institution
    434 Galvez Mall
    Stanford,CA94305     		  PC Niall Ferguson; Payment #3 of 3 50,000
    Independent Women's Forum
    4 Weems Lane 312
    Winchester,VA22601     		  PC Support Safe Borders Petition Project 15,000
    Independent Women's Forum
    4 Weems Lane 312
    Winchester,VA22601     		  PC Matching grant program 25,000
    Independent Women's Forum
    4 Weems Lane 312
    Winchester,VA22601     		  PC DA - Joanne Beyer General Support 10,000
    Independent Women's Forum
    4 Weems Lane 312
    Winchester,VA22601     		  PC Presidential - 2021 YE Matching 25,000
    Independent Women's Forum
    4 Weems Lane 312
    Winchester,VA22601     		  PC Presidential 200,000
    Jackson Hole Classical Academy
    P O Box 7466
    Jackson,WY83001     		  PC FGP - Grant General Support 2,500
    Jackson Hole Classical Academy
    P O Box 7466
    Jackson,WY83001     		  PC Director Allocated - Joanne Beyer - General Support 10,000
    Jackson Hole Classical Academy
    P O Box 7466
    Jackson,WY83001     		  PC Presidential Grant 20,000
    Judicial Watch
    425 Third Street SW Suite 800
    Washington,DC20024     		  PC FGP - Catherine MacDonald 2,000
    Just Facts
    3600 FM Road Suite 120 248
    Conroe,TX77384     		  PC Just Facts Videos & Academy 10,000
    Knights The (Music Forward)
    1275 Prospect Avenue
    Brooklyn,NY11218     		  PC DA - James Higgins General Support 1,000
    Ladies' Village Improvement Society of East Hampton Inc
    95 Main Street
    East Hampton,NY11937     		  PC FGP - Delany Higgins 1,000
    Life Network of Southwest Florida Inc (dba My Mentor)
    P O Box 9488
    Naples,FL34101     		  PC Presidential Grant 5,000
    Little Britches Therapuetic Riding Inc
    P O Box 120
    Woodbury,CT06798     		  PC FGP - Nancy Stetson 3,400
    Little Britches Therapuetic Riding Inc
    P O Box 120
    Woodbury,CT06798     		  PC FGP - Nancy Stetson 1,500
    Little Britches Therapuetic Riding Inc
    P O Box 120
    Woodbury,CT06798     		  PC FGP - Jack Daly 1,000
    Maidstone Charitable Trust
    P O Box 5110
    East Hampton,NY11937     		  PC Frank Collins Caddie Scholarship Fund 2,000
    Manhattan Institute for Policy Research Inc
    52 Vanderfilt Avenue
    New York,NY10017     		  PC 2021 Alexander Hamilton Award Dinner; 9/10/21; Dinner Supporter table of 10. 25,000
    Marist College
    3399 North Road
    Poughkeepsie,NY12601     		  PC Student Emergency Relief Fund 6,200
    MCC Theatre
    511 West 52nd Street
    New York,NY10019     		  PC Director Allocated - James Higgins General Support 1,500
    Mount Tabor Center
    P O Box 700
    Orleans,MA02653     		  PC FGP - Sr. Joan Jackson 6,200
    Mount Tabor Center
    P O Box 700
    Orleans,MA02653     		  PC FGP - Sandra Pugsley General Support 4,000
    National Christian Foundation
    11625 Rainwater Drive Ste 500
    Alpharetta,GA30009     		  PC Foster's Outriders Foundation Fund #3741128 10,000
    National Museum of African American History and Culture (Smithsonian Instit
    1400 Constitution Avenue NW MRC
    1400
    Washington,DC20560     		  PC DA - James Higgins general support in memor of Lawrence Otis Graham 2,500
    National Review Institute
    19 West 44th Street Suite 1701
    New York,NY10036     		  PC Presidential Grant - William F. Buckley, Jr. Prize Dinner in Dallas on 10/21/21. 5,000
    Navy SEALS Foundation
    1619 D Street
    Virginia Beach,VA23459     		  PC FGP - Sandra Pugsley General Support 1,100
    New York Bully Crew
    1457 Montauk Highway
    East Patchogue,NY11772     		  PC FGP - Peter Richardson General Support 2,000
    New York City Police Foundation
    555 Fifth Avenue 15th Floor
    New York,NY10017     		  PC General Support 5,000
    North Carolina Museum of Art Foundation
    4630 Mail Service Center
    Raleigh,NC27699     		  PC FGP - Lauren Massengale general support 1,200
    Oceana Inc
    1025 Connecticut Avenue NW Suite
    200
    Washington,DC20036     		  PC FGP - Timothy Daly 4,700
    Omphalos (Human First Coalition)
    P O box 23694
    Chargrin Falls,OH44023     		  PC Presidental Grant - Human First Coalition 10,000
    Planned Parenthood South Atlantic
    100 South Boylan Avenue
    Raleigh,NC27603     		  PC General Support - New in 2021 3,500
    Police Athletic League
    34 1/2 East 12th Street
    New York,NY10003     		  PC DA - James Higgins 1,000
    Project on Fair Representation
    3571 Far West Blvd 17
    Austin,TX78731     		  PC Presidential 25,000
    Public Interest Legal Foundation
    32 East Washington Street Suite
    1675
    Indianapolis,IN46204     		  PC General Support 20,000
    Red Dog Farm Animal Rescue Network
    8653 NC Highway 65
    Stokesdale,NC27357     		  PC FGP - Tyler Richardson General Support 6,200
    Rescue Dogs Rock Inc
    P O Box 101
    New York,NY10028     		  PC DA - James Higgins General Support 2,000
    Riverside Symphony
    225 West 99th Street
    New York,NY10025     		  PC Presidential Grant - HRH 2,500
    Samaritan's Purse
    P O Box 3000
    Boone,NC28607     		  PC FGP - Sandra Pugsley General Support 1,100
    2nd Vote
    P O Box 2916
    Hendersonville,TN37077     		  PC General Support 5,000
    SilverSource Inc
    2009 Summer Street
    Stamford,CT06905     		  PC FGP - Michael Jackson General Support 6,200
    South Dakota Parks and Wildlife Foundation
    523 East Capital Avenue
    Pierre,SD57501     		  PC Custer State Park Bison Center Project 5,000
    Stratford Animal Rescue Society
    P O Box 1371
    Stratford,CT06615     		  PC General Support 1,000
    Stratford Church of God
    P O Box 55157
    Bridgeport,CT06610     		  PC FGP - Kim Loan Daly Temple 2,200
    Sylvan Heights Bird Park (Sylvan Heights Waterfowl Park & Eco-Center)
    P O Box 368
    Scotland,NC27874     		  PC FGP - Laurin Massengale 2,500
    Temple of Understanding
    P O Box 1715
    West Tisbury,MA02575     		  PC FGP - Alison Van Dyk 3,500
    Theatre for a New Audience
    15 Christopher Street Siite 3D
    New York,NY10014     		  PC General Support 3,000
    Think Freely Media
    300 South Riverside Plaza Suite
    1625
    Chicago,IL60606     		  PC Iron Light Labs - Brigh Lights Project 1,000
    Truth in Numbers
    37 Highland Avenue
    Short Hills,NJ07078     		  PC General Support 2,500
    Thulani Senior German Shepherd Rescue
    P O Box 1065
    San Juan Bautista,CA95045     		  PC General Support 500
    Ventoux Partneship Network (dba Vertex Partnership Academies)
    230 East 124th Street Apt 4C
    New York,NY10023     		  PC Presidential 20,000
    Wayuu Taya Foundation
    P O Box 328
    Midland,NJ07481     		  PC DA - JH General Support 2,500
    Wayuu Taya Foundation
    8731 Serene Retreat Lane 206 moved
    from New Jersey
    Tampa,FL33619     		  PC DA - JH General Support 1,000
    Woodstock Farm Sanctuary
    2 Rescue Road
    High Falls,NY12440     		  PC General Support 2,000
    Wounded Warrior Project
    4899 Belfort Road Ste 300
    Jacksonville,FL32256     		  PC General Support FGP -- Kristie Pfeiffer 2,300
    Yaddo The Corporation of
    308 West 46th Street 3rd Floor
    New York,NY10036     		  PC Mansion Restoration Campaign - matching program 1,500
    Yale University
    157 Church Street
    New Haven,CT06510     		  PC Trotman Family Scholarship Fund 10,000
    University of St Andrews American Foundation Inc
    Crawford Building 91 North Street
    St Andrews,ScotlandKY16 9AJ
    UK     		  PC FGP - Delany HigginsFGP - Delany HigginsFGP - Delany Higgins 1,300
    Total .................................bullet 3a 1,087,400
    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 ...........     		    14 381  
    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 ............     		525990 469,485 18 4,823,664  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSILENT CAL PRODUCTIONS     		    14 854  
    bCAPITAL MIDWEST FUND     14 -10,343  
    cNEW VERNON MATRIX     14 -20,958  
    dRICHARDSON PROPERTIES     14 -6,089  
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 509,096 5,133,154 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,642,250
    (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:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OWEN J. FLANAGAN & CO 38,000 15,200   22,800
    PKF O'CONNOR DAVIES 30,000 0   30,000

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

    TY 2021 DepreciationSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    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
    OFFICE CONDOMINIUM 1993-06-29 1,000,295 698,199 SL 39.000000000000 25,649 0    
    LEASEHOLD IMPROVEMENTS 2000-08-01 124,228 66,260 SL 39.000000000000 3,452 0    
    OFFICE EQUIPMENT 2018-01-01 36,493 31,112 SL 5.000000000000 2,691 0    
    OFFICE FURNITURE 2013-01-01 127,701 104,747 SL 7.000000000000 0 0    

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABCAM PLC 11,084,915 11,084,915

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    US Government Securities - End of Year Book Value:

    2,019,706
    US Government Securities - End of Year Fair Market Value:

    2,019,706
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ESSEX PERFORMANCE FUND LP FMV 10,038,446 10,038,446
    RICHARDSON PROPERTIES LLC FMV 473,709 473,709
    MARINER ATLANTIC FMV 11,261,031 11,261,031
    NEW VERNON INDIA FMV 10,257,308 10,257,308
    SILENT CAL PRODUCTIONS FMV 30,548 30,548
    FOREIGN GOVERNMENT OBLIGATIONS FMV 500,223 500,223
    NEW VERNON MATRIX FMV 4,796,228 4,796,228
    CAPITAL MIDWEST FUND III FMV 5,862,884 5,862,884
    CAPITAL MIDWEST FUND IV FMV 125,000 125,000

    TY 2021 LandEtcSchedule2
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE CONDOMINIUM 1,000,295 723,848 276,447  
    LEASEHOLD IMPROVEMENTS 124,228 69,712 54,516  
    OFFICE EQUIPMENT 36,493 33,803 2,690  
    OFFICE FURNITURE 127,701 104,747 22,954  


    TY 2021 LegalFeesSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REED SMITH LLP 3,175 0   3,175


    TY 2021 OtherAssetsSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PROCEEDS FROM PENDING SALES 3,971 77,672 77,672


    TY 2021 OtherExpensesSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE 35,449 10,634   24,815
    COMPUTER SERVICES 105,149 31,545   73,604
    REPAIRS & MAINTENANCE 3,850 1,155   2,695
    POSTAGE 4,811 0   4,811
    PROGRAM RESEARCH 1,494 0   1,494
    OTHER 425 128   298
    MEMBERSHIPS 90,910 27,273   63,637
    DIRECTORS AND OFFICERS INSURANCE 1,554 382   1,712


    TY 2021 OtherIncomeSchedule2
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SILENT CAL PRODUCTIONS 854 854 854
    CAPITAL MIDWEST FUND -10,343 -10,343 -10,343
    NEW VERNON MATRIX -20,958 -20,958 -20,958
    RICHARDSON PROPERTIES -6,089 -6,089 -6,089


    TY 2021 OtherIncreasesSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Description Amount
    UNREALIZED APPRECIATION 1,922,130


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ESSEX PERFORMANCE FUND LP 195,057 155,246   0
    HARDING LOEVNER INVESTMENT ADVISORY 189,660 189,660   0
    JP MORGAN CHASE 19,169 19,169   0
    CAPITAL MIDWEST III FUND 38,347 38,347   0
    RICHARDSON PROPERTIES 802 802   0
    NEW VERNON MATRIX 62,382 62,382   0
    SEI ARCHWAY 20,000 20,000   0
    CAPITAL MIDWEST IV FUND 50,000 50,000   0
    OTHER 14 14   0


    TY 2021 TaxesSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 13,377 12,869   0
    UNRELATED BUSINESS INCOME TAX 733,000 0   0
    EXCISE TAX 69,000 0   0
    FILING FEE 1,500 0   1,500