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 Joseph H Flom Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)One Manhattan West 35th Floor
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
New York, NY100018602
A Employer identification number

13-3499384
B Telephone number (see instructions)

(212) 735-2525
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$6,836,169J 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) 567,082
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 253,654 253,654  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,494,000
b Gross sales price for all assets on line 6a 10,547,500
7 Capital gain net income (from Part IV, line 2)... 2,494,000
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... 0 0 0
12 Total. Add lines 1 through 11........ 3,314,736 2,747,654 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 48,000     48,000
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... Click to see attachment 6,790 3,395 0 0
c Other professional fees (attach schedule).... Click to see attachment 42,800 42,800 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 750 0 0 750
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 0 0 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 98,340 46,195 0 48,750
25 Contributions, gifts, grants paid....... 9,543,485 2,995,985
26 Total expenses and disbursements. Add lines 24 and 25 9,641,825 46,195 0 3,044,735
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,327,089
b Net investment income (if negative, enter -0-) 2,701,459
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......... 539,065 511,971 511,971
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) bullet0
Less: allowance for doubtful accounts bullet0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 14,345,928 Click to see attachment6,324,198 6,324,198
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 0 0
14 Land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 14,884,993 6,836,169 6,836,169
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
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........... 14,884,993 6,836,169
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)..... 14,884,993 6,836,169
30 Total liabilities and net assets/fund balances (see instructions). 14,884,993 6,836,169
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
14,884,993
2
Enter amount from Part I, line 27a .....................
2
-6,327,089
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,557,904
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,721,735
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,836,169
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 VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND P 2015-06-22 2021-03-26
b VANGUARD SMALL-CAP INDEX FUND P 2020-03-10 2021-03-26
c VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND P 2018-06-22 2021-03-26
d EUROPACIFIC GROWTH FUND P 2019-12-20 2021-03-26
e COHEN & STEERS INSTL REALTY SHARES P 2020-08-06 2021-03-26
WESTWOOD INCOME OPPORTUNITY INSTITUTIONAL P 2019-12-31 2021-03-26
VANGUARD INDEX FUND 500 INDEX ADMIR P 2015-12-21 2021-06-18
EUROPACIFIC GROWTH FUND P 2020-11-30 2021-06-18
BAIRD INTERMEDIATE BD-INSTL P 2016-10-28 2021-06-18
VANGUARD INDEX FUND 500 INDEX ADMIR P 2016-10-28 2021-10-04
VANGUARD SMALL-CAP INDEX FUND P 2020-11-30 2021-10-04
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND P 2020-09-21 2021-10-04
EUROPACIFIC GROWTH FUND P 2020-11-30 2021-10-04
COHEN & STEERS INSTL REALTY SHARES P 2020-08-06 2021-10-04
BAIRD INTERMEDIATE BD-INSTL P 2016-10-28 2021-10-04
VANGUARD INDEX FUND 500 INDEX ADMIR P 2016-10-28 2021-12-22
VANGUARD SMALL-CAP INDEX FUND P 2020-11-30 2021-12-22
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND P 2020-11-30 2021-12-22
ADVISORS INNER CIRCLE FD WW INCMOPT INSTL P 2020-11-30 2021-12-22
EUROPACIFIC GROWTH FUND P 2020-11-30 2021-12-22
COHEN & STEERS INSTL REALTY SHARES P 2020-08-06 2021-12-22
BAIRD INTERMEDIATE BD-INSTL P 2016-10-28 2021-12-22
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,590,000   803,688 786,312
b 1,006,500   612,941 393,559
c 1,283,000   972,997 310,003
d 2,043,000   1,450,803 592,197
e 690,000   595,585 94,415
1,635,000   1,709,030 -74,030
100,000   47,767 52,233
100,000   93,003 6,997
450,000   436,614 13,386
300,000   147,384 152,616
100,000   82,693 17,307
150,000   122,946 27,054
60,000   57,395 2,605
100,000   76,734 23,266
390,000   380,828 9,172
125,000   56,706 68,294
40,000   32,571 7,429
35,000   32,099 2,901
25,000   26,686 -1,686
25,000   25,562 -562
30,000   21,379 8,621
270,000   268,089 1,911
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     0 786,312
b     0 393,559
c     0 310,003
d     0 592,197
e     0 94,415
    0 -74,030
    0 52,233
    0 6,997
    0 13,386
    0 152,616
    0 17,307
    0 27,054
    0 2,605
    0 23,266
    0 9,172
    0 68,294
    0 7,429
    0 2,901
    0 -1,686
    0 -562
    0 8,621
    0 1,911
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 2,494,000
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 0
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  
3 Add lines 1 and 2........................... 3 37,550
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 37,550
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 33,889
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 11,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 44,889
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 7,339
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet7,339 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$   (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)
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletHUANG YU Telephone no.bullet (212) 735-2525

    Located atbullet360 HAMILTON AVE 3RD FLOORWhite PlainsNY ZIP+4bullet106011811
    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)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ROBERT C SHEEHAN PRESIDENT AND DIRECTOR
    1.000     		0 0 0
    One Manhattan West 35th Floor
    New York,NY100018602
    ERIC J FRIEDMAN VICE PRESIDENT AND DIRECTOR
    1.000     		0 0 0
    One Manhattan West 35th Floor
    New York,NY100018602
    EARLE YAFFA TREASURER AND DIRECTOR
    1.000     		0 0 0
    One Manhattan West 35th Floor
    New York,NY100018602
    RONALD J WEISS SECRETARY, Assistant Treasurer, and DIRECTOR
    1.000     		0 0 0
    One Manhattan West 35th Floor
    New York,NY100018602
    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
     
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    8,830,849
    b
    Average of monthly cash balances.......................
    1b
    900,378
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,731,227
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    9,731,227
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    145,968
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    9,585,259
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    479,263
    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
    479,263
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    37,550
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    37,550
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    441,713
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    441,713
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    441,713
    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 7 441,713
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:2019, 2018, 2017 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 18,614,960
    b From 2017...... 3,424,824
    c From 2018...... 4,175,948
    d From 2019...... 3,923,750
    e From 2020...... 3,734,513
    f Total of lines 3a through e ........ 33,873,995
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,044,735
    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..... 441,713
    e Remaining amount distributed out of corpus 2,603,022
    5 Excess distributions carryover applied to 2021.   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 36,477,017
    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......     		 
    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) ...     		18,614,960
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		17,862,057
    10 Analysis of line 9:
    a Excess from 2017.... 3,424,824
    b Excess from 2018.... 4,175,948
    c Excess from 2019.... 3,923,750
    d Excess from 2020.... 3,734,513
    e Excess from 2021.... 2,603,022
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    American Jewish Committee
    165 E 56th Street
    New York,NY10022     		NONE PC To support the Learned Hand Event. 25,000
    The Armory Foundation
    216 Fort Washington Avenue
    New York,NY10032     		NONE PC To support programs that help students develop a lifelong love of, and commitment to both exercise and learning. 150,000
    Association To Benefit Children
    419 East 86th Street
    New York,NY10028     		NONE PC Support of early childhood mental health. To support ABC's Camp Calvin that will be open this summer for in-person, fun filled activities for children in East Harlem. 128,000
    Bank Street College of Education
    610 West 112th Street
    New York,NY10025     		NONE PC In support of Bank Street's Center on Culture, Race & Equity projects. 100,000
    Book Trust
    191 University Blvd Suite 527
    Denver,CO80206     		NONE PC To support programs that allow low income students to select free books to take home and keep. 122,985
    Brooklyn Botanic Garden Corporation
    1000 Washington Avenue
    Brooklyn,NY11225     		NONE PC In support of BBG's Project Green Reach. 25,000
    Brooklyn Jesuit Prep
    560 Sterling Place
    Brooklyn,NY11238     		NONE PC Second annual payment to support the renovation of the building that will serve as the school's new home. 5,000
    Chances For Children - NY Inc
    1178 Anderson Avenue SB
    Bronx,NY10452     		NONE PC For general operating support. 100,000
    Citizens' Committee for Children of New York Inc
    14 Wall Street Suite 4E
    New York,NY10001     		NONE PC For General Support. 100,000
    The Dream Yard Project Inc
    1085 Washington Avenue Ground Floor
    Bronx,NY10456     		NONE PC To support the annual virtual benefit event. 25,000
    ELEM Youth in Distress Inc
    270 Madison Avenue Suite 1501
    New York,NY10016     		NONE PC In support of general operating expenses. 10,000
    Excellence Community Schools Inc
    2090 Seventh Avenue Suite 605
    New York,NY10027     		NONE PC In support of community initiatives. 25,000
    Extreme Kids and Crew Inc
    71 Sullivan Street
    Brooklyn,NY11231     		NONE PC In support of its ongoing virtual arts, play and learning programs for children with disabilities. 5,000
    Fencers Club
    229 West 28th Street 2nd Floor
    New York,NY10001     		NONE PC In support of general operating expenses. 25,000
    Fordham University Law School
    150 West 62nd Street 7th Floor
    New York,NY10023     		NONE PC To support The Feerick Center for Social Justice's work at the Texas Family Detention Center for Unaccompanied Immigrant Families Project 25,000
    Friends of Bronx Lab Inc
    800 East Gun Hill Road
    Bronx,NY10467     		NONE PC To support programs for under-served students that will provide them with the same college-and-career access, and opportunities, as children of better means. 40,000
    The GO Project
    50 Cooper Square 3rd Floor
    New York,NY10003     		NONE PC To support the GO Project's Literacy Elevation Program 100,000
    Grand Street Settlement
    80 Pitt Street
    New York,NY10002     		NONE PC General Support of Grand Street's "Let's Pretend Ball" 10,000
    Harlem Academy
    1330 Fifth Avenue
    New York,NY10026     		NONE PC To support the completion of the construction of the new school campus. 100,000
    Harlem RBI Incorporated dba DREAM
    1991 Second Avenue
    New York,NY10029     		NONE PC To support the continued development of DREAM High School 200,000
    Horizons New York City Inc
    326 State Street
    B Brooklyn,NY11201     		NONE PC Support to enable Horizons to continue to offer its academic summer programming during the pandemic. 100,000
    Icahn School of Medicine at Mount Sinai
    Box 1049
    New York,NY10029     		NONE PC To support the 36th Annual Mount Sinai Health System Crystal Party. In support of President's Fund. In support of President's Fund. 100,000
    Job Path Inc
    22 West 38u 1 Street l lu 1 Floor
    New York,NY10018     		NONE PC For general support. 100,000
    Kingsbridge Heights Community Center Inc
    3101 Kingsbridge Terrace
    Bronx,NY10463     		NONE PC To support the after-school program for young people with special needs, 25,000
    The Legal Aid Society
    199 Water Street
    New York,NY10038     		NONE PC In support of Kathryn A. McDonald Education Advocacy Project for special education of children in foster care. 50,000
    Literacy INC (LINC)
    5030 Broadway Suite 641
    New York,NY10034     		NONE PC To promote literacy development. To reflect changes to LINC's original programming in light of the current COVI019-related crisis. 125,000
    Mobilization For Justice Inc
    100 William Street 6th Floor 6th Fl
    oor
    New York,NY10038     		NONE PC To support general operations of MJF 100,000
    My Money Workshop Inc
    1202 Lexington Avenue Suite 212
    New York,NY10028     		NONE PC In support of continuing financial literacy programs. 60,000
    Nantucket Cottage Hospital
    57 Prospect Street
    Nantucket,MA02554     		NONE PC For general support. 10,000
    NoSilenceNoViolence Inc
    630 Gardenia
    Glen Escondido,CA92025     		NONE PC For general administrative support For general administrative support 60,000
    Publicolor Inc
    20 West 36th Street 9th Floor
    New York,NY10016     		NONE PC Support the 25th Anniversary Virtual Gala Support of the Summer Design Studio Program. 75,000
    READ Alliance
    80 Maiden Lane 11th Floor
    New York,NY10038     		NONE PC To support READ's efforts to improve the educational outcomes for higher needs students in underserved communities. 100,000
    The Reading Team Inc
    2090 Adam Clayton Powell Jr Blvd Su
    ite 100
    New York,NY10027     		NONE PC To support Literacy Mentors who will work with two-to three-year olds twice a week for 30 minutes and four-year olds for an hour twice a week to surmount obstacles to early literacy. 100,000
    Room To Grow National Inc
    3 West 30th Street 3rd Floor
    New York,NY10001     		NONE PC To enable RtG to continue to meet the needs of their increased client enrollment while ensuring the quality and fidelity of the program curriculum whether in person or remote. 100,000
    Rosenthal Center For Addiction Studies Inc
    118 East 28th Street Suite 708
    New York,NY10028     		NONE PC For general support. 10,000
    The Skadden Foundation
    360 Hamilton Avenue
    White Plains,NY10601     		NONE PF To support additional Skadden Fellowship. 75,000
    Springboard Collaborative
    1500 John F Kennedy Blvd Suite 1160
    Philadelphia,PA19102     		NONE PC Support for summer and after-school programs preventing learning loss by students. 100,000
    Stella & Charles Guttman Comm College Fdn
    50 West 40th
    New York,NY10018     		NONE PC In support of tutoring program 75,000
    StreetSquash Inc
    40 West 116th
    New York,NY10026     		NONE PC In support of general operating expenses. 25,000
    Tech Kids Unlimited Inc
    261 Broadway Suite 8D
    New York,NY10007     		NONE PC To support expanded remote offerings in response to the pandemic. 75,000
    Theatre Development Fund Inc
    520 Eight Avenue
    New York,NY10018     		NONE PC To support the Autism Theatre Initiative of Theatre Development Fund, Inc. (TDF) 25,000
    Tufts University
    169 Holland Street
    Somerville,MA02144     		NONE PC To support diversity, equity and inclusion outreach programs of the Tufts Entrepreneurship Center (ELP). 25,000
    Turnaround For Children
    25 West 45UI Street 6UI Floor
    New York,NY10036     		NONE PC Support to continue and expand programs that build adult knowledge about the science of leaning and development. 75,000
    UJA- Federation of New York
    130 East 59th
    New York,NY10022     		NONE PC In support of the upcoming Banking and Finance division event honoring Alan Hartman with the 2021 Pillar of the Community Award. 30,000
    Union Settlement Association Inc
    237 East 104th Street
    New York,NY10029     		NONE PC To support hiring of a Licensed Clinical Social Worker with a "Seminar in Field Instruction" certification who would provide supervision to up to six MSW students during the academic year. 20,000
    Volunteers of Legal Service Inc
    40 Worth Street Room 820
    New York,NY10013     		NONE PC General Support. 25,000
    YM & YWHA of Washington Heights and Inwood
    54 Nale Avenue
    New York,NY10040     		NONE PC To support the organization's COVID relief efforts. 10,000
    Jewish Communal Fund
    575 MADISON AVENUE SUITE 703
    NEW YORK,NY10022     		None PC General Support. 3,487,334
    VANGUARD CHARITABLE
    PO BOX 3075
    SOUTHEASTERN,PA193989917     		None PC General Support. 1,543,832
    NATIONAL PHILANTHROPIC TRUST
    165 TOWNSHIP LINE ROAD SUITE 1200
    JENKINTOWN,PA19046     		NONE PC General Support. 1,516,334
    Total .................................bullet 3a 9,543,485
    bApproved for future payment
    StreetSquash Inc
    40 West 116th
    New York,NY10026     		NONE PC General support 25,000
    Fencers Club
    229 West 28th Street 2nd Floor
    New York,NY10001     		NONE PC Support of public school program 25,000
    Icahn School of Medicine at Mount Sinai
    Box 1049
    New York,NY10029     		NONE PC Support of Crystal Party 25,000
    The Skadden Foundation
    360 Hamilton Avenue
    White Plains,NY10601     		NONE PF Support of a two-year fellowship with Bob Sheehan. Total approved is $150,000; $75,000/ea. in two payments of $37,500. First payment Fall 2021. 37,500
    NAACP Legal Defense Fund
    40 Rector Street 5th Floor
    New York,NY10006     		NONE PC Support of National Equal Justice Awards Dinner 50,000
    Citizens' Committee for Children of New York Inc
    14 Wall Street Suite 4E
    New York,NY10001     		NONE PC General operating support 40,000
    DREAM (FKA Harlem RBI Incorporated)
    1991 Second Avenue
    New York,NY10029     		NONE PC Support of Dream School high school project. Support of the Capital Campaign for the new building 200,000
    The Legal Aid Society
    199 Water Street
    New York,NY10038     		NONE PC Support of the Kathryn A. McDonald Education Advocacy Project 50,000
    VOLS
    40 Worth Street Room 820
    New York,NY10013     		NONE PC Support of immigration program: Defending New York's Dreamers 15,000
    Brooklyn Jesuit Prep
    560 Sterling Place
    Brooklyn,NY11238     		NONE PC Three-year grant @ $5,000/yr in support of renovation of new school bldg - 2nd payment 5,000
    The Skadden Foundation
    360 Hamilton Avenue
    White Plains,NY10601     		NONE PF Support of a two-year fellowship with E. Friedman. Total approved is $150,000; $75,000/ea. in two payments of $37,500. First payment Fall 2021. 37,500
    Job Path Inc
    22 West 38u 1 Street l lu 1 Floor
    New York,NY10018     		NONE PC Emergency Grant 100,000
    Extreme Kids and Crew Inc
    71 Sullivan Street
    Brooklyn,NY11231     		NONE PC General support 5,000
    Brooklyn Botanic Garden Corporation
    1000 Washington Avenue
    Brooklyn,NY11225     		NONE PC Support of Project Green Reach 25,000
    NoSilenceNoViolence Inc
    630 Gardenia
    Glen Escondido,CA92025     		NONE PC Administrative support. Second grant. 25,000
    Icahn School of Medicine at Mount Sinai
    Box 1049
    New York,NY10029     		NONE PC Support of Crystal Party 25,000
    Tufts U Entrepreneurship Center
    169 Holland Street
    Somerville,MA02144     		NONE PC Support of the Tufts Venture Accelerator for 10 years via a single grant. 800,000
    Association to Benefit Children
    419 EAST 86TH STREET
    NEW YORK,NY10028     		NONE PC SUPPORT EARLY CHILDHOOD MENTAL HEALTH CONSULTING AND TREATMENT FOR CHILDREN FROM BIRTH UNTIL EIGHT YEARS OF AGE. 100,000
    BANK STREET - CCRE
    610 WEST 112TH STREET
    NEW YORK,NY10025     		NONE PC SUPPORT BANK STREET'S CENTER ON CULTURE, RACE & EQUITY'S PROJECT TO ELIMINATE THE PRE-SCHOOL TO PRISON PIPELINE. 50,000
    READING TEAM INC
    2090 ADAM CLAYTON POWELL JR BLVD
    NEW YORK,NY10007     		NONE PC TO SUPPORT THE EXPANSION OF THEIR PRESCHOOL SATELLITE PROGRAM. 75,000
    ROOM TO GROW INC
    7 WEST 30TH STREET 3RD FLOOR
    NEW YORK,NY10001     		NONE PC TO ENABLE RTG TO EXPAND ITS CASELOAD CAPACITY & STAFF TRAINING, TO CONNECT WITH BRONX COMMUNITY PARTNERS AND TO MAINTAIN STRONG FAMILY CONNECTIONS 75,000
    Total .................................bullet 3b 1,790,000
    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 2,494,000  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 2,747,654 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,747,654
    (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: 21014044
    Software Version: 2021v4.2


    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
    The Joseph H Flom Foundation
     
    Employer identification number

    13-3499384
    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
    The Joseph H Flom Foundation
          		Employer identification number
    13-3499384
    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
    ESTATE OF JOSEPH H FLOM CO SKADDEN ARPS SLATE MEAGHER & FLOM LLP
     
    ONE MANHATTAN WEST
     
    NEW YORK, NY10001

    		$ 567,082


    (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
    The Joseph H Flom Foundation
          		Employer identification number

    13-3499384
    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
    The Joseph H Flom Foundation
          		Employer identification number

    13-3499384
    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: 21014044
    Software Version: 2021v4.2

    TY 2021 AccountingFeesSchedule
    Name:
    The Joseph H Flom Foundation
    EIN:
    13-3499384
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 6,790 3,395    

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    The Joseph H Flom Foundation
    EIN:
    13-3499384
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    THE SKADDEN FOUNDATION
          		360 HAMILTON AVENUE
    WHITE PLAINS,NY10601     		2020-12-01 150,000 TO SUPPORT AN ADDITIONAL SKADDEN FELLOWSHIP 75,000 0 12/29/20, 10/27/21   To the knowledge of the Foundation and based on the reports furnished by the grantee, no part of the grant was used for other than the intended purposes and no verification efforts have been considered necessary.

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Joseph H Flom Foundation
    EIN:
    13-3499384
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Vanguard Index 500 Admiral 1,363,826 1,363,826
    Vanguard Small Cap Index 408,416 408,416
    Vanguard Total International 307,197 307,197
    EuroPacific Growth Fund 240,572 240,572
    Baird Intermediate Fund 3,388,009 3,388,009
    Westwood Inc Opportunity Fund 0 0
    Cohen & Steer Instit Realty 372,690 372,690
    Advisors Inner Circle Fund WW 243,488 243,488

    TY 2021 OtherDecreasesSchedule
    Name:
    The Joseph H Flom Foundation
    EIN:
    13-3499384
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Amount
    Unrealized Loss 1,721,735


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Joseph H Flom Foundation
    EIN:
    13-3499384
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT CONSULTING 35,000 35,000 0 0
    CUSTODIAN FEES 2,881 2,881 0 0
    INSURANCE FEES 4,919 4,919 0 0


    TY 2021 TaxesSchedule
    Name:
    The Joseph H Flom Foundation
    EIN:
    13-3499384
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NY State Filing Fee 750     750