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
PETER J KING FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)701 XENIA AVENUE SOUTH SUITE 130
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GOLDEN VALLEY, MN55416
A Employer identification number

26-1600569
B Telephone number (see instructions)

(612) 884-0248
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$94,429,068J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,465,965 1,465,965  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,128,725
b Gross sales price for all assets on line 6a 14,268,502
7 Capital gain net income (from Part IV, line 2)... 2,128,725
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 1,686,119 1,683,813  
12 Total. Add lines 1 through 11........ 5,280,809 5,278,503  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 4,000 1,000   3,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 44,287 44,287   0
c Other professional fees (attach schedule).... Click to see attachment 1,588,979 1,360,282   228,697
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 92,141 28,078   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 661,189 659,726   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,390,596 2,093,373   231,697
25 Contributions, gifts, grants paid....... 4,024,941 4,024,941
26 Total expenses and disbursements. Add lines 24 and 25 6,415,537 2,093,373   4,256,638
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,134,728
b Net investment income (if negative, enter -0-) 3,185,130
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,695,784 1,319,696 1,319,696
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 10,480,494 Click to see attachment11,822,286 13,875,901
c Investments—corporate bonds (attach schedule)....... 12,682,750 Click to see attachment10,951,731 10,042,471
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 43,201,811 Click to see attachment43,832,398 69,191,000
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 69,060,839 67,926,111 94,429,068
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...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 69,060,839 67,926,111
29 Total net assets or fund balances (see instructions)..... 69,060,839 67,926,111
30 Total liabilities and net assets/fund balances (see instructions). 69,060,839 67,926,111
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
69,060,839
2
Enter amount from Part I, line 27a .....................
2
-1,134,728
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
67,926,111
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
67,926,111
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b SHS AB FINANCIAL SERVICES DELAWARE FUND P    
c SHS ELECTRUM STRATEGIC OPPORTUNITIES P    
d SHS AUDAX SENIOR LOAN FUND III, LP P    
e SHS TURNING ROCK FUND I P    
SHS ELECTRUM STRATEGIC OPPORTUNITIES II P    
SHS SCULPTOR REAL ESTATE PARRALLEL FUND IV, A LP P    
SHS FUNDAMENTAL PARTNERS IV LP P    
SHS FORTRESS REAL ESTATE III P    
SHS WEST STREET GLOBAL GROWTH PARTNERS OFFSHORE, LP P    
SHS PANTERA BLOCKCHAIN FUND, LP P    
SHS FORTRESS LENDING FUND I (B-1) P    
SHS FORTRESS CREDIT OPPORTUNITIES FUND V P    
SHS BROADCREST LP P    
SHS GCM GROSVENOR AG NET LEASE P    
SHS FORTRESS REAL ESTATE OPP FUND II P    
SHS MSSBCCP OFFSHROE FEEDER, LP P    
SHS OZRE III ACCESS LP P    
SHS AIM II OFFSHORE US FEEDER, LP P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 13,342,249   12,070,079 1,272,170
b 21,570     21,570
c 162,213     162,213
d     328 -328
e 7,011     7,011
    2,029 -2,029
25,857     25,857
7,246     7,246
109     109
12     12
131,160     131,160
4,059     4,059
65,016     65,016
66,132     66,132
16,211     16,211
138     138
123,883     123,883
15,431     15,431
    67,341 -67,341
280,205     280,205
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,272,170
b       21,570
c       162,213
d       -328
e       7,011
      -2,029
      25,857
      7,246
      109
      12
      131,160
      4,059
      65,016
      66,132
      16,211
      138
      123,883
      15,431
      -67,341
      280,205
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 2,128,725
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 44,273
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 44,273
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 89,580
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 89,580
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 45,307
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet45,307 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)
    bulletMN
    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 addressbulletPJKINGFAMILYFOUNDATION.ORG
    14
    The books are in care ofbulletRUSSELL S KING Telephone no.bullet (612) 884-0248

    Located atbullet701 XENIA AVENUE SOUTH SUITE 130GOLDEN VALLEYMN ZIP+4bullet55416
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
    Yes
     
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    RUSSELL S KING PRESIDENT
    6.00     		0 0 0
    701 XENIA AVENUE SOUTH SUITE 130
    GOLDEN VALLEY,MN55416
    STEPHEN D HIGGINS SECRETARY
    2.00     		0 0 0
    23785 STREHLER ROAD
    LORETTO,MN55357
    JAMES C TEAL OFFICER
    1.00     		2,000 0 0
    9695 GEISLER DRIVE
    EDEN PRAIRIE,MN55347
    JAMES A WEICHERT OFFICER
    1.00     		2,000 0 0
    922 DOUGLAS ROAD
    SAINT PAUL,MN55118
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    KING CAPITAL CORP ADMIN & INVESTMENT 1,372,177
    701 XENIA AVENUE SOUTH SUITE 130
    GOLDEN VALLEY,MN55416
    COPELAND BUHL & CO TAX SERVICES 44,287
    800 EAST WAYZATA BOULEVARD SUITE
    300
    WAYZATA,MN55391
    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
    90,671,319
    b
    Average of monthly cash balances.......................
    1b
    1,659,080
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    92,330,399
    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
    92,330,399
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,384,956
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    90,945,443
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    4,547,272
    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
    4,547,272
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    44,273
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    114,861
    c
    Add lines 2a and 2b............................
    2c
    159,134
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,388,138
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,388,138
    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
    4,388,138
    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 4,388,138
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018...... 73,550
    d From 2019......  
    e From 2020...... 283,825
    f Total of lines 3a through e ........ 357,375
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 4,256,638
    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..... 4,256,638
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 131,500 131,500
    (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 5 225,875
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		225,875
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020.... 225,875
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    180 DEGRESS INC
    1301 EAST 7TH STREET
    ST PAUL,MN55106     		NONE 501(C)(3) GENERAL PURPOSE 4,000
    CHRISTIAN CROSS MINISTRIES
    PO BOX 406
    CAMBRIDGE,MN55008     		NONE 501(C)(3) GENERAL PURPOSE 10,000
    FRASER
    2400 WEST 64TH STREET
    MINNEAPOLIS,MN55423     		NONE 501(C)(3) GENERAL PURPOSE 242,611
    GENERAL ASSISTANCE INC
    18000 WEST NINE MILE ROAD SUITE 550
    SOUTHFIELD,MI48075     		NONE 501(C)(3) GENERAL PURPOSE 191,000
    GLOBAL VOLUNTEERS
    375 LITTLE CANADA RD E
    LITTLE CANADA,MN55117     		NONE 501(C)(3) GENERAL PURPOSE 102,000
    HIGHLAND CATHOLIC SCHOOL
    2017 BOHLAND AVENUE
    ST PAUL,MN55116     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    IRINGA HOPE
    17201 JACKSON TRAIL
    LAKEVILLE,MN55044     		NONE 501(C)(3) GENERAL PURPOSE 344,000
    JEREMIAH PROGRAM
    1510 LAUREL AVENUE
    MINNEAPOLIS,MN55403     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    JUNIOR ACHIEVEMENT OF UPPER MIDWEST
    1800 WHITE BEAR AVENUE
    MAPLEWOOD,MN55109     		NONE 501(C)(3) GENERAL PURPOSE 300,000
    MOBILE HOPE
    7900 MAPLE HILL ROAD
    CORCORAN,MN55340     		NONE 501(C)(3) GENERAL PURPOSE 7,000
    NORTHEAST YOUTH AND FAMILY SERVICE
    3490 LEXINGTON AVENUE NORTH
    SHOREVIEW,MN55126     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    PROJECT SUCCESS
    ONE GROVELAND TERRACE SUITE 300
    MINNEAPOLIS,MN55403     		NONE 501(C)(3) GENERAL PURPOSE 1,040,000
    RIVERWORKS COMMUNITY DEVELOPMENT
    PO BOX 213
    ROCKFORD,MN55373     		NONE 501(C)(3) GENERAL PURPOSE 16,000
    SHARING AND CARING HANDS
    525 NORTH 7TH STREET
    MINNEAPOLIS,MN55405     		NONE 501(C)(3) GENERAL PURPOSE 20,000
    ST PAUL JEWISH COMMUNITY CENTER
    1375 ST PAUL AVENUE
    ST PAUL,MN55116     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    ST TERESA ORPHANS FOUNDATION
    9510 440TH STREET
    RICE,MN56367     		NONE 501(C)(3) GENERAL PURPOSE 4,000
    THE FAMILY PARTNERSHIP
    4123 EAST LAKE STREET
    MINNEAPOLIS,MN55406     		NONE 501(C)(3) GENERAL PURPOSE 600,000
    THE RIVER CHURCH
    N 13205 RICE LAKE ROAD
    MINONG,WI54859     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    THE SANNEH FOUNDATION
    2090 CONWAY STREET
    ST PAUL,MN55119     		NONE 501(C)(3) GENERAL PURPOSE 2,000
    UNIVERSITY OF MN
    420 DELAWARE ST SE MMC 480
    MINNEAPOLIS,MN55456     		NONE 501(C)(3) GENERAL PURPOSE 4,000
    URBAN VENTURES
    2924 FOURTH AVENUE SOUTH
    MINNEAPOLIS,MN55408     		NONE 501(C)(3) GENERAL PURPOSE 337,330
    VISITATION HIGH SCHOOL
    2455 VISITATION DRIVE
    MENDOTA HEIGHTS,MN55120     		NONE 501(C)(3) GENERAL PURPOSE 5,000
    WAKOTA LIFE CARE CENTER
    1140 ROBERT STREET SOUTH
    WEST SAINT PAUL,MN55118     		NONE 501(C)(3) GENERAL PURPOSE 440,000
    YMCA OF THE NORTH
    PO BOX 1450
    MINNEAPOLIS,MN55485     		NONE 501(C)(3) GENERAL PURPOSE 50,000
    YOUTHLINK
    41 NORTH 12TH STREET
    MINNEAPOLIS,MN55403     		NONE 501(C)(3) GENERAL PURPOSE 284,000
    Total .................................bullet 3a 4,024,941
    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 ...........     		         
    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 2,128,725  
    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 5,280,809 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,280,809
    (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:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COPELAND BUHL & CO. 44,287 44,287   0

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SOFTBANK GROUP 6.0 510,292 495,625
    DELPHI FINL (TOKIO MARINE) 7.376 1,688,443 1,758,408
    OAS SA 8.875 1,012,208 49,950
    OCEAN SPRAY 6.25 1,790,000 1,840,000
    DAIRY FARMERS OF AMERICA 7.125 393,500 417,000
    ILFC E-CAPITAL TR 4.78 190,000 206,250
    ILFC E-CAPITAL TR 5.08589 1,599,781 1,385,313
    LAND O' LAKES 7.0 236,875 266,250
    LAND O' LAKES 8.0 1,515,632 1,623,675
    SBL HOLDINGS 7.0 2,015,000 2,000,000

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ASPEN INSURANCE 5.625 445,701 438,770
    ATHENE HOLDING 5.625 222,254 232,599
    BROOKFIELD PROP 5.75 360,180 335,848
    BROOKFIELD PROP 6.50 1,265,283 1,206,510
    BANCORP SOUTH 5.50 142,335 143,798
    CITIZENS FINL GROUP 5.0 275,670 285,558
    CHS INC 6.75 36,205 40,334
    CHS 7.875 193,620 199,150
    FORTRESS TRANS & INFRAS 2,515,986 4,614,099
    FORTRESS TRANSPORTATION 8.25 350,536 349,920
    NEW RESIDENTIAL 6.375 1,380,068 1,279,706
    SOUTH JERSEY IND 5.625 302,962 307,617
    SYNCHRONY FIN 5.625 259,189 269,300
    BANK OF HAWAII 4.375 71,856 73,917
    CARLYLE BANK 4.625 126,280 126,500
    CAPITAL ONE 4.375 125,000 127,100
    FIRST HORIZON 4.70 549,518 554,213
    FIRST REPUBLIC 4.0 311,084 306,250
    GLOBE LIFE 4.25 144,500 149,702
    HUNTINGTON BANCSHARES 4.50 328,074 343,611
    HEARTLAND FINANCIAL USA 7.0 18,020 18,230
    JPM 4.625 99,800 104,440
    KKR REAL ESTATE 6.50 76,930 77,100
    BANK OZK 4.625 250,000 251,400
    REGIONS FINANCIAL 4.45 117,256 119,126
    CHARLES SCHWAB 4.45 175,640 182,770
    STIFEL FINL CORP 4.5 44,700 46,148
    SILVERGATE CAPITAL 5.375 415,499 418,310
    ATT 4.75 63,125 65,650
    TEXAS CAP BANCSHARES 5.75 625,850 675,250
    UNITED COMMUNITY BANKS 6.875 166,040 166,800
    US BANCORP 4.0 363,125 366,175

    TY 2021 InvestmentsOtherSchedule2
    Name:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    JPM CHINA AT COST 0 98,432
    LONDON AT COST 857,991 1,146,521
    POLEN AT COST 1,266,106 2,889,911
    COHESIVE AT COST 91,797 305,896
    S&S AT COST 571,362 956,076
    WCM AT COST 795,119 1,439,510
    GLOVISTA AT COST 295,412 1,267,028
    AB-LARGE CAP AT COST 445,172 5,358,147
    VAUGHAN NELSON INTL SMALL CAP FUND AT COST 572,379 1,106,786
    VAUGHAN NELSON EMERGIN MKTS AT COST 101,292 151,696
    ADVISORY-MID CAP AT COST 1,793 0
    JPM RIVERSTONE V AT COST 407,392 207,108
    UNIPLAN AT COST 392,829 685,655
    CS-HARVEST AT COST 607,242 638,538
    CS-CREDIT VALUE PARTNERS AT COST 178,830 49,646
    AB ABSA AT COST 529,152 780,382
    GCM GROSVENORS AT COST 1,213,771 1,468,901
    JPM DFJ GROWTH AT COST 0 1,070,267
    MILLENNIUM INT'L HEDGEFOCUS 2013 AT COST 461,896 1,457,662
    MILLENNIUM INT'L HEDGEFOCUS 2019 AT COST 51,995 77,959
    SILVER LAKE PARTNERS AT COST 37,931 924,315
    WHITE BOX MULTI STRATEGY FUND AT COST 700,000 1,363,622
    JPM L CAPITAL ASIA AT COST 483,323 235,384
    AIM OFFSHORE II AT COST 350,893 397,651
    ARTISAN AT COST 891,900 1,895,496
    SCHAFER CULLEN AT COST 1,219,593 1,424,972
    VULCAN AT COST 2,375,931 3,037,836
    JPM PROVIDENCE AT COST 75,658 288,805
    JPM WATFORD AT COST 22,500 0
    VIRGO SOCIETAS AT COST 542,364 890,846
    GSO PRIVATE II AT COST 93,938 174,306
    CYPRESS ACQUISITION AT COST 438,549 13,024
    PMC PARTNERS I AT COST 0 129,162
    DIGITAL GROWTH II AT COST 631,316 143,498
    FORTRESS REAL ESTATE AT COST 99,725 135,594
    ENGAGED CAPITAL AT COST 1,000,000 2,138,176
    PETERSHILL II AT COST 549,907 833,550
    PETERSHILL PE AT COST 42,992 109,214
    OCH ZIFF AT COST 205,702 220,814
    MLP CORE GS AT COST 218,459 402,824
    GS PRIVATE OPPORTUNITY PARTNERS II AT COST 196,043 467,030
    ELECTRUM AT COST 244,312 410,403
    GSO ENERGY PRIVATE INVESTORS AT COST 16,008 130,553
    FUNDAMENTAL PARTNERS III AT COST 536,648 977,323
    AUDAX III AT COST 522,843 578,737
    JPM RIVERSTONE VI AT COST 393,979 357,108
    VIRGO FUND IV AT COST 545,766 1,880,958
    FOUNDERS PROPERTIES IV AT COST 726,448 40,846
    JPM HPS MEZZ III AT COST 1,002,124 1,226,994
    APAX IX AT COST 847,126 1,773,133
    TURNING ROCK AT COST 933,753 1,718,726
    AB FINANCIAL SERVICES II AT COST 532,709 654,304
    KKR AMERICAS XII AT COST 765,617 1,570,614
    ELECTRUM II AT COST 367,196 604,069
    GSO CAPITAL SOLUTIONS III AT COST 144,195 247,091
    FORTRESS INTELLECTUAL AT COST 527,308 481,222
    WORLDQUANT MILLENNIUM AT COST 500,000 726,199
    APAX DIGITAL AT COST 540,349 852,715
    TTCP FUND II AT COST 1,223,268 1,409,535
    RIDGE LTD AT COST 500,000 376,114
    FORTRESS LENDING (B1) AT COST 860,284 864,160
    FORTRESS CREDIT AT COST 651,425 862,230
    FORTRESS REAL ESTATE III AT COST 702,751 790,140
    POINT 72 INTL HEDGE FUND AT COST 900,000 1,172,766
    BROADCREST AT COST 794,699 1,156,942
    FOUNDERS PROPERTIES V AT COST 498,148 535,127
    GS PRIVATE TECH OPP I AT COST 160,838 236,087
    MILLENNIUM LTD - GS AT COST 1,500,000 1,999,810
    SCULPTOR REAL ESTATE FUND IV AT COST 132,697 133,466
    NORTH HAVEN RE VIII AT COST 35,436 53,669
    GS GLOBAL ATLANTIC IVY AT COST 448,415 428,937
    ABSA II AT COST 254,466 344,431
    WEST STREET STRATEGIC SOLUTIONS AT COST 355,410 392,823
    FUNDAMENTAL PARTNERS IV AT COST 721,582 818,600
    FORTRESS LENDING II AT COST 365,332 385,401
    KENNEDY LEWIS CAPITAL AT COST 409,267 412,907
    HOLOCENE AT COST 300,000 311,664
    APAX X AT COST 481,828 372,129
    FORTRESS LEGAL ASSETS AT COST 40,674 39,941
    JPM HPS MEZZ AT COST 0 344,385
    JPM KKR XI AT COST 0 375,148
    JPM APAX VIII AT COST 0 234,237
    JPM DFJ GROWTH IV AT COST 89,037 101,190
    GIF V PRIVATE INVESTORS AT COST 0 109,941
    CARRONADE AT COST 1,000,000 1,075,689
    SARISSA CAPITAL AT COST 250,000 240,545
    OPPORTUNITY PARTNERS VI AT COST 49,740 50,000
    BROADCREST COMMITTED CAPITAL AT COST 82,283 84,730
    CREC REAL ESTATE FUND II AT COST 170,185 185,397
    WEST STREET GLOAL GROWTH PARTNERS AT COST 187,828 189,191
    CAPITAL GROUP PCS AT COST 237,237 256,962
    PRETIUM RESIDENTIAL CREDIT AT COST 277,569 281,927
    PANTERA BLOCKCHAIN AT COST 1,210,207 1,180,453
    SEG PARTNERS AT COST 300,000 296,899
    FORTRESS NET LEASE INCOME AT COST 125,000 125,000
    PRIVATE EQUITY CO-INV PART III AT COST 2,035 2,035
    TURNING ROCK II AT COST 201,714 199,486
    ARES DIRECT LENDING AT COST 110,027 108,302
    FORTRESS INTELLECTUAL II AT COST 38,381 39,369

    TY 2021 OtherExpensesSchedule
    Name:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CHARITABLE CONTRIBUTIONS FROM PASSTHROUGH 149 149   0
    INVESTMENT INTEREST FROM PASSTHROUGH 284,104 284,104   0
    NONDEDUCTIBLE EXPENSE FROM PASSTHROUGH 1,463 0   0
    BANK CHARGES 5,708 5,708   0
    OTHER DEDUCTIONS FROM PASSTHROUGHS 358,408 358,408   0
    OFFICE SUPPLIES 3,231 3,231   0
    TRAVEL EXPENSE 526 526   0
    DUES AND SUBSCRIPTIONS 7,600 7,600   0


    TY 2021 OtherIncomeSchedule2
    Name:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PORTFOLIO INCOME FROM PASSTHROUGH 107,673 107,673 107,673
    ORDINARY INCOME FROM PASSTHROUGH 389,636 389,636 389,636
    RENTAL INCOME FROM PASSTHROUGH -121,702 -121,702 -121,702
    OTHER INCOME FROM PASSTHROUGH 1,177,496 1,175,190 1,177,496
    ROYALTY INCOME FROM PASSTHROUGH 2,225 2,225 2,225
    GUARANTEED PAYMENTS FROM PASSTHROUGH 130,791 130,791 130,791


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY FEES 1,360,282 1,360,282   0
    ADMINISTRATION FEES 228,697 0   228,697


    TY 2021 TaxesSchedule
    Name:
    PETER J KING FAMILY FOUNDATION
    EIN:
    26-1600569
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 28,078 28,078   0
    FEDERAL TAXES 64,063 0   0