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 SCHERMAN FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)16 EAST 52ND ST 601
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100225306
A Employer identification number

13-6098464
B Telephone number (see instructions)

(212) 832-3086
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$154,968,801J 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 9 9  
4 Dividends and interest from securities... 1,911,706 1,911,172  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 12,675,684
b Gross sales price for all assets on line 6a 32,181,711
7 Capital gain net income (from Part IV, line 2)... 12,623,996
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 797,791 667,846  
12 Total. Add lines 1 through 11........ 15,385,190 15,203,023  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 563,682 66,636   497,046
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 208,387 24,634   183,753
16a Legal fees (attach schedule)......... Click to see attachment 3,915 0   3,915
b Accounting fees (attach schedule)....... Click to see attachment 17,500 0   16,500
c Other professional fees (attach schedule).... Click to see attachment 231,035 144,000   87,035
17 Interest............... 51,977 50,863   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 108,168 103,168   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 141,462 16,723   124,739
21 Travel, conferences, and meetings....... 1,832 0   1,832
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 610,065 559,826   34,908
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,938,023 965,850   949,728
25 Contributions, gifts, grants paid....... 5,706,165 5,706,165
26 Total expenses and disbursements. Add lines 24 and 25 7,644,188 965,850   6,655,893
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,741,002
b Net investment income (if negative, enter -0-) 14,237,173
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............. 129,018 1,290,870 1,290,870
2 Savings and temporary cash investments......... 3,949,316 7,144,021 7,144,021
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 104,896,970 Click to see attachment108,281,415 146,533,910
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) 108,975,304 116,716,306 154,968,801
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........... 108,975,304 116,716,306
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)..... 108,975,304 116,716,306
30 Total liabilities and net assets/fund balances (see instructions). 108,975,304 116,716,306
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
108,975,304
2
Enter amount from Part I, line 27a .....................
2
7,741,002
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
116,716,306
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
116,716,306
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 JPMORGAN STRATEGIC INCOME OPPORTUNITIES FUND P    
b OAKMARK SELECT FUND INVESTOR CLASS P    
c STONERIDGE REINSURANCE RISK PREM INTVL P    
d VANGUARD DEVELOPED MARKETS INDEX FUND ADMIRAL P    
e VANGUARD INTERMEDIATE-TERM BOND INDEX ADMIRAL P    
XTRACKERS MSCI EAFE HEDGED EQUITY ETF P    
TOUCHSTONE LARGE COMPANY GROWTH FUND CLASS INSTITUTIONAL P    
ACCOLADE PARTNERS GROWTH I, L.P. P    
ACCOLADE PARTNERS V, L.P. P    
ACCOLADE PARTNERS VI, L.P. P    
ACCOLADE PARTNERS VII, L.P. P    
ACCOLADE PARTNERS VIII, L.P. P    
AETHER REAL ASSETS II, L.P. P    
AVIVA INVESTORS FUNDS SPC LTD. P    
AXIOM GLOBAL EQUITY FUND P    
BENEFIT STREET PARTNERS P    
DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P. P    
GQG PARTNERS GLOBAL EQUITY FUND P    
LL MORTGAGE FUND, L.P. P    
MERCED PARTNERS IV, L.P. P    
PERMIT CAPITAL MORTGAGE FUND, L.P. P    
ROSE AFFORDABLE HOUSING PERSERVATION FUND IV REIT, L.P. P    
RYDER COURT GLOBAL EMERGING OPPORTUNITIES FUND P    
SOMERSET SMALL MID CAP EM ALL COUNTRY FUND LLC P    
THE HIGHCLERE INTERNATIONAL INVESTORS SMID FUND P    
WELLINGTON CTF EMERGING MARKETS OPPORTUNITIES PORTFOLIO P    
WELLINGTON GLOBAL RESEARCH EQUITY EXTENDED FUND L.P P    
TRUE GREEN CAPITAL LEVERAGED FEEDER FUND III, L.P P    
COATUE GROWTH V OFFSHORE FEEDER FUND LP P    
SOMERSET EMERGING MARKETS SMALL CAP FUND LLC P    
ULTRA CAPITAL SUSTAINABLE INFRASTRUCTURE TE FEEDER FUND II, L.P. 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 1,500     1,500
b 3,750,000   2,040,408 1,709,592
c 287,927   328,287 -40,360
d 3,000,000   2,578,406 421,594
e 2,000,000   1,919,749 80,251
3,715,867   3,407,417 308,450
3,800,000   1,848,411 1,951,589
      66,689
      557,041
      293,468
      61,752
      5,252
      52,044
      113,174
      3,139,660
      -13,719
      338,949
      1,064,369
      45,387
      -230,241
      20,137
      808
      42,347
      168,237
      1,001,851
      667,311
      23,665
202,314   202,314 0
11,240   11,240 0
      12,474
      -7,046
767,771     767,771
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       1,500
b       1,709,592
c       -40,360
d       421,594
e       80,251
      308,450
      1,951,589
      66,689
      557,041
      293,468
      61,752
      5,252
      52,044
      113,174
      3,139,660
      -13,719
      338,949
      1,064,369
      45,387
      -230,241
      20,137
      808
      42,347
      168,237
      1,001,851
      667,311
      23,665
      0
      0
      12,474
      -7,046
      767,771
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 12,623,996
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........................... 3 197,897
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- ..... 5 197,897
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 131,973
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 40,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 171,973
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 53
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 25,977
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see attachment....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.SCHERMAN.ORG
    14
    The books are in care ofbulletCATHERINE PORTER Telephone no.bullet (212) 832-3086

    Located atbullet16 EAST 52ND ST STE 601NEW YORKNY ZIP+4bullet100225306
    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
     
    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
    DR KAREN R SOLLINS DIR, BOARD CHAIR-RESIGNED MAY 2021
    2.00     		0 0 0
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    SUSANNA BERGTOLD DIR, SECRETARY-RESIGNED DECEMBER 2021
    2.00     		0 0 0
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    RINI BANERJEE DIRECTOR, TREASURER
    2.00     		0 0 0
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    AMY BERGTOLD DIRECTOR
    2.00     		0 0 0
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    HILLARY BROWN DIRECTOR
    2.00     		0 0 0
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    MIRIAM BUHL ESQ DIRECTOR
    2.00     		0 0 0
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    STEVEN K CHOI DIRECTOR
    2.00     		0 0 0
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    DAVID R JONES DIRECTOR-RESIGNED DECEMBER 2021
    2.00     		0 0 0
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    MILES S RAPOPORT DIRECTOR
    2.00     		0 0 0
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    MARIANNA SCHAFFER DIR, BOARD CHAIR-ELECTED JUNE 2021
    2.00     		0 0 0
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    DR PETER K SOLLINS DIRECTOR, SECRETARY-ELECTED JUNE 2021
    2.00     		0 0 0
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    JOHN WROCLAWSKI DIRECTOR-RESIGNED JUNE 2021
    2.00     		0 0 0
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    MITCHELL C PRATT PRESIDENT
    40.00     		295,000 78,261 1,200
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    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
    CATHERINE PORTER DIRECTOR OF OPERATIO
    40.00     		111,930 52,715 2,187
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    NAICHE PARKER GRANTS & COMMUNICATI
    40.00     		78,815 21,700 2,032
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    ALEXA AVILES PROGRAM DIRECTOR
    40.00     		51,271 5,808 1,200
    16 E 52ND ST STE 601
    NEW YORK,NY100225306
    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
    CAMBRIDGE ASSOCIATES LLC INVESTMENT ADVISORY FEES 144,000
    125 HIGH STREET
    BOSTON,MA02110
    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
    145,997,659
    b
    Average of monthly cash balances.......................
    1b
    4,123,531
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    150,121,190
    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
    150,121,190
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,251,818
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    147,869,372
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    7,393,469
    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
    7,393,469
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    197,897
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    16,564
    c
    Add lines 2a and 2b............................
    2c
    214,461
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,179,008
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    7,179,008
    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
    7,179,008
    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 7,179,008
    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...... 156,183
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020...... 157,487
    f Total of lines 3a through e ........ 313,670
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 6,655,893
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 6,655,893
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 313,670 313,670
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		209,445
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    DR KAREN R SOLLINS
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    NAICHE PARKER
    16 E 52ND ST STE 601
    NEW YORK,NY10022
    (212) 832-3086
    INFO@SCHERMAN.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    PLEASE SEE OUR GRANT GUIDELINES ON OUR WEBSITE - HTTPS://WWW.SCHERMAN.ORG/HOW-TO-APPLY
    cAny submission deadlines:
    CORE FUND LOIS ARE ACCEPTED ON A ROLLING BASIS AND REVIEWED QUARTERLY
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PLEASE SEE OUR GRANT GUIDELINES ON OUR WEBSITE - HTTPS://WWW.SCHERMAN.ORG/HOW-TO-APPLY
    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
    350ORG
    PO BOX 843004
    BOSTON,MA022843004     		N/A PC GENERAL OPERATING SUPPORT 70,000
    ADVOCATES FOR CHILDREN OF NEW YORK
    151 WEST 30TH STREET 5TH FLOOR
    NEW YORK,NY10001     		N/A PC GENERAL OPERATING SUPPORT 258
    ADVOCATES FOR YOUTH
    1325 G STREET NW SUITE 980
    WASHINGTON,DC20005     		N/A PC GENERAL OPERATING SUPPORT 50,000
    AFRICAN COMMUNITIES TOGETHER
    127 WEST 127TH STREET SUITE 221
    NEW YORK,NY10027     		N/A PC NEW IMMIGRATION BOND CAMPAIGN 95,000
    ALLIANCE FOR JUSTICE
    11 DUPONT CIRCLE NW SUITE 500
    WASHINGTON,DC20036     		N/A PC GENERAL OPERATING SUPPORT 50,000
    ALLIANCE OF FAMILIES FOR JUSTICE
    8 WEST 126TH STREET 3RD FLOOR
    NEW YORK,NY10027     		N/A PC GENERAL OPERATING SUPPORT 50,000
    ALLIANCE OF RESIDENT THEATRESNEW YORK
    520 EIGHTH AVENUE SUITE 319
    NEW YORK,NY10018     		N/A PC GENERAL OPERATING SUPPORT 409
    ALTERNATIVES FOR COMMUNITY AND ENVIRONMENT (ACE)
    2201 WASHINGTON STREET
    ROXBURY,MA02119     		N/A PC GENERAL OPERATING SUPPORT 50,000
    AMERICAN CIVIL LIBERTIES UNION FOUNDATION
    125 BROAD STREET 18TH FLOOR
    NEW YORK,NY10004     		N/A PC REPRODUCTIVE FREEDOM PROJECT 75,000
    APPALACHIAN VOICES
    589 WEST KING STREET
    BOONE,NC28607     		N/A PC GENERAL OPERATING SUPPORT 50,000
    ARAB AMERICAN ASSOCIATION OF NY INC
    7111 5TH AVENUE
    BROOKLYN,NY11209     		N/A PC GENERAL OPERATING SUPPORT 100
    ARTICHOKE DANCE COMPANY
    121 STERLING PLACE
    BROOKLYN,NY11217     		N/A PC GENERAL OPERATING SUPPORT 100
    ARTS ON SITE NYC
    12 ST MARKS PLACE 3F
    NEW YORK,NY10003     		N/A PC GENERAL OPERATING SUPPORT 250
    ASIAN PACIFIC ENVIRONMENTAL NETWORK (APEN)
    426 17TH STREET SUITE 500
    OAKLAND,CA94612     		N/A PC GENERAL OPERATING SUPPORT 70,000
    ASSOCIATION FOR NEIGHBORHOOD & HOUSING DEVELOPMENT (ANHD)
    50 BROAD STREET STE 1402
    NEW YORK,NY10004     		N/A PC RIGHT TO A ROOF 100,000
    ASSOCIATION FOR NEIGHBORHOOD & HOUSING DEVELOPMENT (ANHD)
    50 BROAD STREET SUITE 1402
    NEW YORK,NY10004     		N/A PC GENERAL OPERATING SUPPORT 78
    ATLANTIC THEATER COMPANY
    76 NINTH AVENUE SUITE 313
    NEW YORK,NY10011     		N/A PC GENERAL OPERATING SUPPORT 15,000
    AUDRE LORDE PROJECT
    85 SOUTH OXFORD STREET
    BROOKLYN,NY11217     		N/A PC GENERAL OPERATING SUPPORT 85
    BALLET HISPANICO OF NEW YORK
    167 WEST 89TH STREET
    NEW YORK,NY10024     		N/A PC GENERAL OPERATING SUPPORT 30,000
    BANG GROUP INC
    131 PERRY STREET
    NEW YORK,NY10014     		N/A PC GENERAL OPERATING SUPPORT 250
    BIODIVERSITY FUNDERS GROUP
    PO BOX 29361
    SAN FRANCISCO,CA94129     		N/A PC CLIMATE AND ENERGY FUNDERS GROUP 2,000
    BRANDWORKERS
    PO BOX 1257
    LONG ISLAND CITY,NY11101     		N/A PC GENERAL OPERATING SUPPORT 104
    BRONXWORKS
    60 EAST TREMONT AVENUE
    BRONX,NY10453     		N/A PC GENERAL OPERATING SUPPORT 200
    BVM CAPACITY BUILDING INSTITUTE
    3645 MARKETPLACE BOULEVARD SUITE
    130-209
    EAST POINT,GA30344     		N/A PC GENERAL OPERATING SUPPORT 75,000
    CAAAV ORGANIZING ASIAN COMMUNITIES
    55 HESTER STREET
    NEW YORK,NY10002     		N/A PC GENERAL OPERATING SUPPORT 55,000
    CAMBA
    1720 CHURCH AVENUE
    BROOKLYN,NY11226     		N/A PC GENERAL OPERATING SUPPORT 100
    CENTER FOR CONSTITUTIONAL RIGHTS
    666 BROADWAY 7TH FLOOR
    NEW YORK,NY10012     		N/A PC GENERAL OPERATING SUPPORT 70,000
    CENTER FOR FAMILY LIFE IN SUNSET PARK
    443 39TH STREET
    BROOKLYN,NY11232     		N/A PC GENERAL OPERATING SUPPORT 100
    CENTER FOR POPULAR DEMOCRACY
    449 TROUTMAN ST SUITE A
    BROOKLYN,NY11237     		N/A PC GENERAL OPERATING SUPPORT 100,000
    CENTER FOR POPULAR DEMOCRACY
    449 TROUTMAN STREET SUITE A
    BROOKLYN,NY11237     		N/A PC LOCAL PROGRESS 40,000
    CENTER FOR TRADITIONAL MUSIC AND DANCE
    32 BROADWAY SUITE 1314
    NEW YORK,NY10004     		N/A PC GENERAL OPERATING SUPPORT 25,000
    CERES
    99 CHAUNCY STREET 6TH FL
    BOSTON,MA02111     		N/A PC GENERAL OPERATING SUPPORT 40,000
    CERES
    99 CHAUNCY STREET 6TH FLOOR
    BOSTON,MA02111     		N/A PC GENERAL OPERATING SUPPORT 495
    CHHAYA COMMUNITY DEVELOPMENT CORPORATION
    37-43 77TH STREET
    JACKSON HEIGHTS,NY11372     		N/A PC ADVOCACY AND ORGANIZING 50,000
    CITY LIMITS
    8 WEST 126TH STREET 3RD FLOOR
    NEW YORK,NY10027     		N/A PC GENERAL OPERATING SUPPORT 40,000
    CITY LORE
    56 E FIRST STREET
    NEW YORK,NY10003     		N/A PC GENERAL OPERATING SUPPORT 30,000
    CLIMATE JUSTICE ALLIANCE
    PO BOX 10202
    BERKELEY,CA94709     		N/A PC GENERAL OPERATING SUPPORT 70,000
    COMMON CAUSE EDUCATION FUND
    805 15TH STREET NW SUITE 800
    WASHINGTON,DC20005     		N/A PC GENERAL OPERATING SUPPORT 250
    COMMUNITY DEVELOPMENT PROJECT INC (DBA TAKEROOT JUSTICE)
    123 WILLIAM STREET 16TH FLOOR
    NEW YORK,NY10038     		N/A PC RESEARCH AND POLICY INITIATIVE 50,000
    COMMUNITY FUNDS INC (THE NEW YORK COMMUNITY TRUST)
    909 THIRD AVENUE 22ND FLOOR
    NEW YORK,NY10022     		N/A PC NYC VOTER TURNOUT FUND 50,000
    COMMUNITY VOICES HEARD
    115 EAST 106TH STREET 3RD FLOOR
    NEW YORK,NY10029     		N/A PC GENERAL OPERATING SUPPORT 70,000
    CONCRETE TEMPLE THEATRE
    211 EAST 14TH STREET
    NEW YORK,NY10003     		N/A PC GENERAL OPERATING SUPPORT 100
    CONNECTICUT CITIZEN RESEARCH GROUP INC
    30 ARBOR STREET SUITE 107
    HARTFORD,CT06106     		N/A PC GENERAL OPERATING SUPPORT 2,500
    CONSERVATION LAW FOUNDATION
    62 SUMMER STREET
    BOSTON,MA02110     		N/A PC ENVIRONMENTAL JUSTICE PROGRAM 40,000
    CREATIVE ARTS TEAM INC
    101 WEST 31ST STREET 6TH FLOOR
    NEW YORK,NY10001     		N/A PC GENERAL OPERATING SUPPORT 500
    CREATIVE CAPITAL
    15 MAIDEN LANE 18TH FLOOR
    NEW YORK,NY10038     		N/A PC ARTIST-DRIVEN ENGAGEMENT STRATEGY 102,000
    DANCE SERVICE NEW YORK CITY (DANCENYC)
    218 EAST 18TH STREET GROUND FLOOR
    NEW YORK,NY10003     		N/A PC GENERAL OPERATING SUPPORT 50,000
    DRUM-DESIS RISING UP & MOVING
    72-18 ROOSEVELT AVE
    JACKSON HEIGHTS,NY11372     		N/A PC GENERAL OPERATING SUPPORT 50,000
    EL PUENTE
    211 SOUTH 4TH STREET
    NEW YORK,NY11217     		N/A PC GENERAL OPERATING SUPPORT 50,000
    EN GARDE ARTS
    322 8TH AVENUE 21ST FLOOR
    NEW YORK,NY10001     		N/A PC GENERAL OPERATING SUPPORT 50
    ENCAMPMENT FOR CITIZENSHIP
    PO BOX 1210
    APTOS,CA950011210     		N/A PC GENERAL OPERATING SUPPORT 2,500
    ENVIRONMENTAL ADVOCATES OF NEW YORK
    353 HAMILTON STREET
    ALBANY,NY12210     		N/A PC GENERAL OPERATING SUPPORT 60,000
    ENVIRONMENTAL ADVOCATES OF NEW YORK
    353 HAMILTON STREET
    ALBANY,NY12210     		N/A PC GENERAL OPERATING SUPPORT 1,000
    ENVIRONMENTAL GRANTMAKERS ASSOCIATION (EGA)
    475 RIVERSIDE DRIVE SUITE 960
    NEW YORK,NY10115     		N/A PC GENERAL OPERATING SUPPORT 6,764
    EPIC
    1519 NEW HAMPSHIRE AVE NW
    WASHINGTON,DC20036     		N/A PC GENERAL OPERATING SUPPORT 55,000
    ETHEL'S FOUNDATION FOR THE ARTS
    697 3RD AVENUE 213
    NEW YORK,NY10017     		N/A PC GENERAL OPERATING SUPPORT 20,000
    EVERY VOICE CENTER
    236 9TH STREET SE
    WASHINGTON,DC20003     		N/A PC STATE DEMOCRACY PROJECT 60,000
    EXALT
    17 BATTERY PLACE SUITE 307
    NEW YORK,NY10004     		N/A PC GENERAL OPERATING SUPPORT 500
    FAIR FIGHT ACTION
    1270 CAROLINE STREET SUITE D120-430
    ATLANTA,GA30307     		N/A NC CHARITABLE PRIMARY PURPOSE FUND 75,000
    FIRST NATIONS DEVELOPMENT INSTITUTE
    2432 MAIN STREET 2ND FLOOR
    LONGMONT,CO80501     		N/A PC GENERAL OPERATING SUPPORT 50
    FLORIDA RISING (DBA NEW FLORIDA MAJORITY EDUCATION FUND INC)
    10800 BISCAYNE BLVD STE 1050
    MIAMI,FL331617566     		N/A PC GENERAL OPERATING SUPPORT 100,000
    FUND FOR CONSTITUTIONAL GOVERNMENT
    122 MARYLAND AVENUE NE
    WASHINGTON,DC20002     		N/A PC OPENTHEGOVERNMENT.ORG 50,000
    FUND FOR THE CITY OF NEW YORK
    121 AVENUE OF THE AMERICAS 6TH
    FLOOR
    NEW YORK,NY10013     		N/A PC RIGHT TO COUNSEL NYC COALITION 150,000
    FUNDERS FOR REPRODUCTIVE EQUITY
    PO BOX 750
    ROCKVILLE,MD20848     		N/A PC GENERAL OPERATING SUPPORT 4,000
    GIRLS FOR GENDER EQUITY
    25 CHAPEL STREET
    BROOKLYN,NY11201     		N/A PC GENERAL OPERATING SUPPORT 50,000
    GIRLS FOR GENDER EQUITY
    25 CHAPEL STREET SUITE 1006
    NEW YORK,NY11201     		N/A PC GENERAL OPERATING SUPPORT 50
    GOOD OLD LOWER EAST SIDE (GOLES)
    169 AVENUE B
    NEW YORK,NY10009     		N/A PC GENERAL OPERATING SUPPORT 70,000
    GRANTMAKERS IN THE ARTS
    522 COURTLANDT AVENUE 1ST FLOOR
    BRONX,NY10451     		N/A PC GENERAL OPERATING SUPPORT 550
    GREENPEACE FUND
    702 H ST NW STE 300
    WASHINGTON,DC20895     		N/A PC CLIMATE CAMPAIGN 75,000
    HARLEM STAGE
    150 CONVENT AVENUE
    NEW YORK,NY10034     		N/A PC GENERAL OPERATING SUPPORT 30,000
    HENRY STREET SETTLEMENT
    265 HENRY STREET
    NEW YORK,NY10002     		N/A PC GENERAL OPERATING SUPPORT 100
    HI-ARTS
    215 EAST 99TH STREET
    NEW YORK,NY10029     		N/A PC GENERAL OPERATING SUPPORT 2,500
    HOME FOR CONTEMPORARY THEATRE & ART (DBA HERE)
    145 SIXTH AVENUE
    NEW YORK,NY10013     		N/A PC GENERAL OPERATING SUPPORT 35,000
    HOME FOR CONTEMPORARY THEATRE & ART (DBA HERE)
    145 SIXTH AVENUE
    NEW YORK,NY10013     		N/A PC GENERAL OPERATING SUPPORT 150
    HOUR CHILDREN
    36-11 12TH STREET
    LONG ISLAND CITY,NY11106     		N/A PC GENERAL OPERATING SUPPORT 154
    IFWHENHOW
    1714 FRANKLIN STREET 100-393
    OAKLAND,CA94612     		N/A PC GENERAL OPERATING SUPPORT 50,000
    ISSUE ONE
    1401 K STREET NW
    WASHINGTON,DC20005     		N/A PC GENERAL OPERATING SUPPORT 50,000
    JACK ARTS INC
    18 PUTNAM AVENUE
    BROOKLYN,NY11238     		N/A PC GENERAL OPERATING SUPPORT 100
    JUSTICE COMMITTEE
    3440 79TH STREET SUITE 3G
    JACKSON HEIGHTS,NY11372     		N/A PC GENERAL OPERATING SUPPORT 254
    JUSTICE FOR FAMILIES
    2090 HONEYWELL AVENUE
    BRONX,NY10460     		N/A PC GENERAL OPERATING SUPPORT 50
    KATAL CENTER FOR HEALTH EQUITY AND JUSTICE
    147 PRINCE ST
    BROOKLYN,NY11201     		N/A PC GENERAL OPERATING SUPPORT 50,000
    LA MAMA EXPERIMENTAL THEATRE CLUB INC
    74 EAST 4TH STREET
    NEW YORK,NY10003     		N/A PC GENERAL OPERATING SUPPORT 150
    MAKE THE ROAD NEW YORK
    301 GROVE STREET
    BROOKLYN,NY11237     		N/A PC GENERAL OPERATING SUPPORT 275
    MIDWEST ACADEMY
    53 WEST JACKSON BOULEVARD SUITE
    1634
    CHICAGO,IL60604     		N/A PC GENERAL OPERATING SUPPORT 500
    MONTELLO FOUNDATION
    195 CHRYSTIE STREET SUITE 809H
    NEW YORK,NY10002     		N/A PC GENERAL OPERATING SUPPORT 100
    MORNINGSIDE CENTER FOR TEACHING SOCIAL RESPONSIBILITY
    475 RIVERSIDE DRIVE 550
    NEW YORK,NY10115     		N/A PC GENERAL OPERATING SUPPORT 159
    MOTHERS OUT FRONT
    PO BOX 55071 23686
    BOSTON,MA02205     		N/A PC NEW YORK STATE ORGANIZING 25,000
    MOVEMENT RESEARCH
    150 FIRST AVENUE
    NEW YORK,NY10009     		N/A PC PRE-PRODUCTION RESIDENCY PROGRAM 125,000
    NATIONAL ADVOCATES FOR PREGNANT WOMEN
    875 6TH AVENUE SUITE 1807
    NEW YORK,NY10001     		N/A PC GENERAL OPERATING SUPPORT 60,000
    NATIONAL ASIAN PACIFIC AMERICAN WOMEN'S FORUM
    PO BOX 13255
    CHICAGO,IL60613     		N/A PC GENERAL OPERATING SUPPORT 10,000
    NEIGHBORHOOD FUNDERS GROUP
    300 FRANK H OGAWA PLAZA SUITE 700
    OAKLAND,CA94612     		N/A PC GENERAL OPERATING SUPPORT 5,500
    NEW ECONOMY PROJECT
    121 WEST 27TH STREET SUITE 804
    NEW YORK,NY10001     		N/A PC GENERAL OPERATING SUPPORT 50,000
    NEW ECONOMY PROJECT
    121 WEST 27TH STREET SUITE 804
    NEW YORK,NY10001     		N/A PC PUBLIC BANK NYC 92,000
    NEW IMMIGRANT COMMUNITY EMPOWERMENT (NICE)
    71-29 ROOSEVELT AVENUE 2ND FLOOR
    JACKSON HEIGHTS,NY11372     		N/A PC GENERAL OPERATING SUPPORT 55,000
    NEW VENTURE FUND
    1201 CONNECTICUT AVENUE NW SUITE
    300
    WASHINGTON,DC20036     		N/A PC CLIMATE & CLEAN ENERGY EQUITY FUND 200,000
    NEW YORK COMMUNITIES ORGANIZING FUND INC (NYCOFI)
    470 VANDERBILT 9TH FLOOR
    BROOKLYN,NY11238     		N/A PC GENERAL OPERATING SUPPORT 60,000
    NEW YORK FESTIVAL OF SONG INC
    209 WEST 29TH STREET 6108
    NEW YORK,NY10001     		N/A PC GENERAL OPERATING SUPPORT 20,000
    NEW YORK FOUNDATION
    150 WEST 30TH STREET SUITE 1401
    NEW YORK,NY10001     		N/A PF NEIGHBORHOODS FIRST FUNDERS STAFF HEALING FUND 20,000
    NEW YORK FOUNDATION
    150 WEST 30TH STREET SUITE 1401
    NEW YORK,NY10001     		N/A PF NY CAPACITY BUILDING COLLABORATIVE 10,000
    NEW YORK FOUNDATION
    150 WEST 30TH STREET SUITE 1401
    NEW YORK,NY10001     		N/A PF NEIGHBORHOODS FIRST FUND 75,000
    NEW YORK LAWYERS FOR THE PUBLIC INTEREST
    151 WEST 30TH STREET 11TH FLOOR
    NEW YORK,NY10001     		N/A PC ENVIRONMENTAL JUSTICE PROGRAM 75,000
    NEW YORK LAWYERS FOR THE PUBLIC INTEREST
    151 WEST 30TH STREET 11TH FLOOR
    NEW YORK,NY10001     		N/A PC PEAK ENERGY ALTERNATIVE KILOWATTS (PEAK) 150,000
    NEW YORK PUBLIC INTEREST RESEARCH GROUP FUND (NYPIRG)
    9 MURRAY STREET LOWER LEVEL
    NEW YORK,NY10007     		N/A PC STRAPHANGERS CAMPAIGN 25,000
    NEW YORK STATE YOUTH LEADERSHIP COUNCIL
    168 CANAL STREET 6TH FLOOR
    NEW YORK,NY10013     		N/A PC GENERAL OPERATING SUPPORT 100
    NEW YORK THEATRE WORKSHOP
    79 EAST 4TH STREET
    NEW YORK,NY10003     		N/A PC GENERAL OPERATING SUPPORT 35,000
    NEW YORK WOMEN'S FOUNDATION
    39 BROADWAY 23RD FLOOR
    NEW YORK,NY10006     		N/A PC NYC FUND FOR GIRLS & YOUNG WOMEN OF COLOR 45,000
    NONPROFIT NEW YORK
    320 EAST 43RD STREET 3RD FLOOR
    NEW YORK,NY10017     		N/A PC GENERAL OPERATING SUPPORT 4,000
    NORTH STAR FUND
    520 8TH AVENUE SUITE 1800
    NEW YORK,NY10018     		N/A PC LET US BREATHE FUND 100,000
    NORTH STAR FUND
    520 8TH AVENUE SUITE 1800
    NEW YORK,NY10018     		N/A PC GENERAL OPERATING SUPPORT 100
    NORTH STAR FUND
    520 8TH AVENUE SUITE 1800
    NEW YORK,NY10018     		N/A PC GENERAL OPERATING SUPPORT 500
    NORTHEASTERN UNIVERSITY
    716 COLUMBUS AVENUE
    BOSTON,MA02120     		N/A PC TO SUPPORT PROFESSOR FITZGERALD'S WORK ON ENVIRONMENTAL ACTIVISM AND ITS IMPACT ON CITY PLANNING 5,000
    OPEN CHANNELS NEW YORK INC (DBA DIXON PLACE)
    161A CHRYSTIE STREET GROUND FLOOR
    NEW YORK,NY10002     		N/A PC GENERAL OPERATING SUPPORT 20,000
    OPEN CHANNELS NEW YORK INC (DBA DIXON PLACE)
    161A CHRYSTIE STREET GROUND FLOOR
    NEW YORK,NY10002     		N/A PC GENERAL OPERATING SUPPORT 200
    OPEN COLLECTIVE FOUNDATION
    320 SOUTH LEMON AVENUE 3717
    WALNUT,CA91789     		N/A PC GENERAL OPERATING SUPPORT 1,000
    OPERA AMERICA
    330 7TH AVENUE 8TH FLOOR
    NEW YORK,NY10001     		N/A PC ARTIST DEVELOPMENT GRANTS 100,000
    PERFORMANCE ZONE INC (DBA THE FIELD)
    75 MAIDEN LANE SUITE 906
    NEW YORK,NY10038     		N/A PC GENERAL OPERATING SUPPORT 40,000
    PHILANTHROPY NEW YORK
    320 EAST 43RD STREET
    NEW YORK,NY10017     		N/A PC GENERAL OPERATING SUPPORT 11,050
    PHILANTHROPY NEW YORK
    320 EAST 43RD STREET
    NEW YORK,NY10017     		N/A PC FOUNDATIONS AT CITY HALL 25,000
    PHYSICIANS FOR REPRODUCTIVE HEALTH
    1430 BROADWAY SUITE 1614
    NEW YORK,NY10018     		N/A PC GENERAL OPERATING SUPPORT 50,000
    PRATT INSTITUTE
    200 WILLOUGHBY AVENUE
    BROOKLYN,NY11205     		N/A PC GENERAL OPERATING SUPPORT 1,000
    PROGRESSIVE MULTIPLIER FUND
    713 G ST SE SUITE 200
    WASHINGTON,DC20003     		N/A PC GENERAL OPERATING SUPPORT 100,000
    PROJECT HOSPITALITY
    100 PARK AVENUE
    STATEN ISLAND,NY10302     		N/A PC GENERAL OPERATING SUPPORT 200
    PROJECT PROSPER OF FLORIDA
    13575 58TH STREET N SUITE 107
    CLEARWATER,FL33760     		N/A PC GENERAL OPERATING SUPPORT 50
    PROTECT DEMOCRACY
    2020 PENNSYLVANIA AVENUE NW 163
    WASHINGTON,DC20006     		N/A PC GENERAL OPERATING SUPPORT 75,000
    PUBLIC POLICY AND EDUCATION FUND
    94 CENTRAL AVENUE
    ALBANY,NY12206     		N/A PC NY BUDGET JUSTICE CAMPAIGN 100,000
    PUBLIC POLICY AND EDUCATION FUND
    94 CENTRAL AVENUE
    ALBANY,NY122063002     		N/A PC ALLIANCE FOR QUALITY EDUCATION 50,000
    RAINFOREST ACTION NETWORK
    425 BUSH STREET SUITE 300
    SAN FRANCISCO,CA941083721     		N/A PC CLIMATE AND ENERGY PROGRAM 60,000
    REWIRENEWS
    1765 GREENSBORO STATION PLACE 900
    MCLEAN,VA22102     		N/A PC GENERAL OPERATING SUPPORT 40,000
    RIDERS ALLIANCE
    555 8TH AVENUE SUITE 1803
    NEW YORK,NY10018     		N/A PC GENERAL OPERATING SUPPORT 70,000
    RIDERS ALLIANCE
    555 8TH AVENUE SUITE 1803
    NEW YORK,NY10018     		N/A PC CONGESTION PRICING 25,000
    RIVERSIDE LANGUAGE PROGRAM
    270 WEST 89TH STREET
    NEW YORK,NY10024     		N/A PC GENERAL OPERATING SUPPORT 72
    SEPA MUJER INC
    110 NORTH OCEAN AVENUE
    PATCHOGUE,NY11772     		N/A PC GENERAL OPERATING SUPPORT 50,000
    SIGNATURE THEATRE COMPANY INC
    480 WEST 42ND STREET
    NEW YORK,NY10036     		N/A PC GENERAL OPERATING SUPPORT 30,000
    SOCIETY OF THE EDUCATIONAL ARTS (TEATRO SEA)
    107 SUFFOLK STREET SUITE 202
    NEW YORK,NY10002     		N/A PC GENERAL OPERATING SUPPORT 350
    SOCRATES SCULPTURE PARK
    32-01 VERNON BOULEVARD
    LONG ISLAND CITY,NY11106     		N/A PC GENERAL OPERATING SUPPORT 750
    SOHO REPERTORY THEATRE
    401 BROADWAY SUITE 300
    NEW YORK,NY10013     		N/A PC GENERAL OPERATING SUPPORT 25,000
    SOHO THINK TANK INC (DBA NEW OHIO THEATRE)
    154 CHRISTOPHER STREET SUITE 1E
    NEW YORK,NY10014     		N/A PC GENERAL OPERATING SUPPORT 250
    SOHO THINK TANK INC (DBA NEW OHIO THEATRE)
    154 CHRISTOPHER STREET SUITE 1E
    NEW YORK,NY10014     		N/A PC GENERAL OPERATING SUPPORT 100
    SOUTHSIDE UNITED HDFC
    434 SOUTH 5TH STREET
    BROOKLYN,NY11211     		N/A PC GENERAL OPERATING SUPPORT 100
    ST ANN'S WAREHOUSE
    45 WATER STREET
    BROOKLYN,NY11201     		N/A PC GENERAL OPERATING SUPPORT 50,000
    SUNRISE MOVEMENT EDUCATION FUND
    50 F STREET NW SUITE 700
    WASHINGTON,DC20001     		N/A PC GENERAL OPERATING SUPPORT 70,000
    SUNSET SPARK
    PO BOX 320145
    BROOKLYN,NY11232     		N/A PC GENERAL OPERATING SUPPORT 50
    TARGET MARGIN THEATER
    232 52ND STREET
    BROOKLYN,NY11220     		N/A PC GENERAL OPERATING SUPPORT 100
    THE BOWERY MISSION
    355 LEXINGTON AVENUE 19TH FLOOR
    NEW YORK,NY10017     		N/A PC GENERAL OPERATING SUPPORT 100
    THE CRANE INSTITUTE OF SUSTAINABILITY INC
    1 ELM STREET
    MANCHESTER,MA019441314     		N/A PC INTENTIONAL ENDOWMENTS NETWORK 1,250
    THE DRAMA LEAGUE
    32 AVENUE OF THE AMERICAS
    NEW YORK,NY10013     		N/A PC GENERAL OPERATING SUPPORT 75
    THE INTERNATIONAL RHINO FOUNDATION
    201 MAIN STREET SUITE 2600
    FORT WORTH,TX76102     		N/A PC GENERAL OPERATING SUPPORT 50,000
    THE NEW YORK IMMIGRATION COALITION
    131 WEST 33RD STREET SUITE 610
    NEW YORK,NY10001     		N/A PC GENERAL OPERATING SUPPORT 100,000
    THE NEW YORK IMMIGRATION COALITION
    131 WEST 33RD STREET SUITE 610
    NEW YORK,NY10001     		N/A PC GENERAL OPERATING SUPPORT 1,000
    THE NEW YORK SHAKESPEARE FESTIVAL (DBA THE PUBLIC THEATER)
    425 LAFAYETTE STREET
    NEW YORK,NY10003     		N/A PC GENERAL OPERATING SUPPORT 40,000
    THEATER LABRADOR INC (DBA NEW GEORGES)
    222 BROADWAY 19TH FLOOR
    NEW YORK,NY10038     		N/A PC GENERAL OPERATING SUPPORT 250
    THEATER LABRADOR INC (DBA NEW GEORGES)
    222 BROADWAY 19TH FLOOR
    NEW YORK,NY10038     		N/A PC GENERAL OPERATING SUPPORT 207
    THEATER LABRADOR INC (DBA NEW GEORGES)
    222 BROADWAY 19TH FLOOR
    NEW YORK,NY10038     		N/A PC GENERAL OPERATING SUPPORT 155
    THIRD SECTOR NEW ENGLAND
    365 BROADWAY
    BROOKLYN,NY11211     		N/A PC WORKER'S JUSTICE PROJECT 50,000
    TIDES CENTER
    1012 TORNEY AVENUE
    SAN FRANCISCO,CA94129     		N/A PC GENERAL OPERATING SUPPORT 100
    TIDES FOUNDATION
    1014 TORNEY AVENUE
    SAN FRANCISCO,CA94129     		N/A PC NEW YORK RENEWS 50,000
    TIDES FOUNDATION
    PO BOX 133
    PLAINFIELD,VT05667     		N/A PC RESILIENT DEMOCRACY 50,000
    TRANSPORTATION ALTERNATIVES
    111 JOHN STREET SUITE 260
    NEW YORK,NY10038     		N/A PC GENERAL OPERATING SUPPORT 50,000
    UNION OF CONCERNED SCIENTISTS
    2 BRATTLE SQUARE 6TH FLOOR
    CAMBRIDGE,MA02138     		N/A PC GALVANIZING JUST CLIMATE RESILIENCE IN KEY REGIONS AND STATES 60,000
    UNITED WAY OF NYC
    205 EAST 42ND STREET 12TH FLOOR
    NEW YORK CITY,NY10017     		N/A PC NYC CHANGE CAPITAL FUND 55,000
    UPROSE
    462 36TH STREET 3A
    BROOKLYN,NY11232     		N/A PC GENERAL OPERATING SUPPORT 500
    URGE UNITE FOR REPRODUCTIVE & GENDER EQUITY
    734 15TH STREET NW SUITE 800
    WASHINGTON,DC20005     		N/A PC GENERAL OPERATING SUPPORT 50,000
    VOICES FOR A SUSTAINABLE FUTURE
    PO BOX 5780 6909 LAUREL AVENUE
    TAKOMA PARK,MD20913     		N/A PC LABOR NETWORK FOR SUSTAINABILITY 75,000
    VOICES OF COMMUNITY ACTIVISTS AND LEADERS INC (VOCAL)
    300 DOUGLASS STREET
    BROOKLYN,NY11225     		N/A PC GENERAL OPERATING SUPPORT 60,000
    WHITNEY MUSEUM OF AMERICAN ART
    99 GANSEVOORT STREET
    NEW YORK,NY10014     		N/A PC GENERAL OPERATING SUPPORT 126
    WOMEN EMPOWERMENT COALITION OF NYC
    437 77TH STREET
    BROOKLYN,NY11209     		N/A PC GENERAL OPERATING SUPPORT 95
    Total .................................bullet 3a 5,706,165
    bApproved for future payment
    BRIC
    647 FULTON ST
    BROOKLYN,NY11217     		N/A PC GENERAL OPERATING SUPPORT 40,000
    FORWARD TOGETHER
    300 FRANK H OGAWA PLAZA SUITE 700
    OAKLAND,CA94612     		N/A PC GENERAL OPERATING SUPPORT 50,000
    IN OUR OWN VOICE NATIONAL BLACK WOMEN'S REPRODUCTIVE JUSTICE AGENDA
    601 13TH STREET SUITE 650N
    WASHINGTON,DC20005     		N/A PC GENERAL OPERATING SUPPORT 50,000
    INDIGENOUS ENVIRONMENTAL NETWORK
    PO BOX 485
    BEMIDJI,MN56619     		N/A PC GENERAL OPERATING SUPPORT 22,500
    MANHATTAN GRAPHICS CENTER
    250 WEST 40TH STREET 5TH FLOOR
    NEW YORK,NY100181764     		N/A PC GENERAL OPERATING SUPPORT 20,000
    NEW YORK FOUNDATION FOR THE ARTS
    20 JAY STREET SUITE 740
    BROOKLYN,NY11201     		N/A PC GENERAL OPERATING SUPPORT 50,000
    NORTH STAR FUND
    520 8TH AVENUE SUITE 1800
    NEW YORK,NY10018     		N/A PC COMMUNITIES UNITED FOR POLICE REFORM 60,000
    NORTHWEST BRONX COMMUNITY AND CLERGY COALITION
    103 EAST 196TH STREET
    BRONX,NY10468     		N/A PC GENERAL OPERATING SUPPORT 60,000
    PENNSYLVANIA VOICE
    123 S BROAD STREET STE 630
    PHILADELPHIA,PA19109     		N/A PC GENERAL OPERATING SUPPORT 75,000
    PROGEORGIA STATE TABLE
    151 ELLIS ST NE FL 1
    ATLANTA,GA303032437     		N/A PC GENERAL OPERATING SUPPORT 75,000
    SOCIAL GOOD FUND
    6641 AQUA VISTA COURT
    RICHMOND,CA94805     		N/A PC UNITED FRONTLINE TABLE 100,000
    THE FLEA THEATER
    45 PINEHURST AVE APT 46
    NEW YORK,NY10033     		N/A PC GENERAL OPERATING SUPPORT 50,000
    TRI-STATE TRANSPORTATION CAMPAIGN
    231 W 29TH STREET 904
    NEW YORK,NY10001     		N/A PC ENVIRONMENTAL JUSTICE PROGRAM 70,000
    UNIQUE PROJECTS INC
    160 SIXTH AVENUE 2
    NEW YORK,NY10013     		N/A PC GENERAL OPERATING SUPPORT 50,000
    UPROSE
    462 36TH STREET SUITE 3A
    BROOKLYN,NY11232     		N/A PC GENERAL OPERATING SUPPORT 60,000
    Total .................................bullet 3b 832,500
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 9  
    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 ............     		901101 33,641 18 12,642,043  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER PARTNERSHIP INCOME THRU SCHEDULE K-1'S     		901101 129,945 01 666,652  
    bOTHER INCOME (LOSS)     01 1,194  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 164,120 15,221,070 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    15,385,190
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE SCHERMAN FOUNDATION INC
    EIN:
    13-6098464
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FINANCIAL STATEMENT AUDIT AND TAX RETURN PREPARATION 17,500 0   16,500

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    THE SCHERMAN FOUNDATION INC
    EIN:
    13-6098464
    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
    NEW YORK FOUNDATION
          		150 WEST 30TH STREET SUITE 1401
    NEW YORK,NY10001     		2021-02-22 75,000 NEIGHBORHOODS FIRST FUND 75,000 TO THE KNOWLEDGE OF THE FOUNDATION, THERE HAS BEEN NO DIVERSIONS 9/23/22   N/A
    NEW YORK FOUNDATION
          		150 WEST 30TH STREET SUITE 1401
    NEW YORK,NY10001     		2021-06-03 20,000 NEIGHBORHOODS FIRST FUNDERS STAFF HEALING FUND 20,000 TO THE KNOWLEDGE OF THE FOUNDATION, THERE HAS BEEN NO DIVERSIONS 9/23/22   N/A
    NEW YORK FOUNDATION
          		150 WEST 30TH STREET SUITE 1401
    NEW YORK,NY10001     		2021-06-03 10,000 NYC CAPACITY BUILDING COLLABORATIVE 10,000 TO THE KNOWLEDGE OF THE FOUNDATION, THERE HAS BEEN NO DIVERSIONS 10/3/22   N/A
    FAIR FIGHT ACTION
          		1270 CAROLINE STREET SUITE D120-430
    ATLANTA,GA30307     		2021-06-24 75,000 CHARITABLE PRIMARY PURPOSE FUND 75,000 TO THE KNOWLEDGE OF THE FOUNDATION, THERE HAS BEEN NO DIVERSIONS 10/12/22   N/A

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE SCHERMAN FOUNDATION INC
    EIN:
    13-6098464
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACCOLADE PARTNERS GROWTH I, L.P. AT COST 555,405 936,640
    ACCOLADE PARTNERS GROWTH II, L.P. AT COST 59,530 55,930
    ACCOLADE PARTNERS V, L.P. AT COST 1,205,415 3,576,575
    ACCOLADE PARTNERS VI, L.P. AT COST 950,968 1,739,942
    ACCOLADE PARTNERS VII, L.P. AT COST 614,246 1,255,661
    ACCOLADE PARTNERS VIII, L.P. AT COST 272,701 348,451
    AETHER REAL ASSETS II, L.P. AT COST 989,319 704,767
    ANCHORAGE CAPITAL PARTNERS OFFSHORE, LTD. AT COST 1,693,183 3,174,319
    AXIOM GLOBAL EQUITY FUND AT COST 15,274,111 7,242,666
    BENEFIT STREET PARTNERS AT COST 880,684 1,633,038
    COATUE GROWTH V OFFSHORE FEEDER FUND LP AT COST 965,716 1,119,099
    DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P. AT COST 6,649,015 6,785,344
    DOUBLELINE MORTGAGE OPPORTUNITIES AT COST 603,650 982,662
    ELLIOTT INTERNATIONAL LIMITED AT COST 3,000,000 7,354,452
    GENERATION IM FUND PLC AT COST 3,515,659 17,111,468
    GQG PARTNERS GLOBAL EQUITY FUND AT COST 6,436,462 8,668,957
    JPMORGAN STRATEGIC INCOME OPPORTUNITIES FUND (JSOSX) AT COST 3,047,429 3,058,441
    LL MORTGAGE FUND, L.P. AT COST 3,448,058 3,644,756
    LL PRIVATE LENDING FUND, L.P. AT COST 2,230,011 2,229,726
    MERCED PARTNERS IV, L.P. AT COST 202,837 336,539
    OAKMARK SELECT FUND INVESTOR CLASS (OAKLX) 16,012.574 SHARES AT COST 553,407 1,027,207
    PIMCO TOTAL RETURN FUND INSTITUTIONAL CLASS (PTTRX) 284,154.356 SHARES AT COST 3,135,847 2,918,265
    ROSE AFFORDABLE HOUSING PERSERVATION FUND IV REIT, L.P. AT COST 1,338,465 2,417,344
    ROSE AFFORDABLE HOUSING PERSERVATION FUND V REIT, L.P. AT COST 637,346 622,561
    RYDER COURT GLOBAL EMERGING OPPORTUNITIES FUND AT COST 2,136,177 2,528,627
    SOMERSET SMALL MID CAP EM ALL COUNTRY FUND LLC AT COST 1,486,241 1,623,661
    STONERIDGE REINSURANCE RISK PREM INTVL (SRRIX) 9,398.783 SHARES AT COST 91,869 77,785
    TOUCHSTONE LARGE COMPANY GROWTH INSTITUTIONAL (DSMLX) 66,739.611 SHARES AT COST 2,173,345 3,366,346
    TRUE GREEN CAPITAL LEVERAGED FEEDER FUND III, L.P AT COST 1,193,147 1,900,010
    TWO SIGMA ACTIVE EXTENSION U.S. ALL CAP EQUITY CAYMAN FUND, LTD. AT COST 6,790,409 20,570,335
    TWO SIGMA INTERNATIONAL CORE FUND, L.P. AT COST 9,938,641 9,963,793
    VANGUARD DEVELOPED MARKETS INDEX FUND ADMIRAL (VTMGX) 238,242.022 SHARES AT COST 3,437,102 3,916,699
    VANGUARD EMERGING MARKETS STOCK INDEX FUND (VEMAX) 31,368.607 SHARES AT COST 1,372,523 1,286,113
    VANGUARD INSTITUTIONAL INDEX FUND INSTITUTIONAL (VINIX) 2,799.400 SHARES AT COST 646,946 1,135,968
    VANGUARD INTERMEDIATE-TERM BOND INDEX ADMIRAL (VBILX) 838,817.998 SHARES AT COST 9,898,448 9,973,546
    WELLINGTON CTF EMERGING MARKETS OPPORTUNITIES PORTFOLIO AT COST 5,831,077 6,041,129
    WELLINGTON GLOBAL RESEARCH EQUITY EXTENDED FUND, L.P. AT COST 5,026,026 5,205,088

    TY 2021 LegalFeesSchedule
    Name:
    THE SCHERMAN FOUNDATION INC
    EIN:
    13-6098464
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL AND ADMINISTRATIVE LEGAL COUNSEL 3,915 0   3,915


    TY 2021 OtherExpensesSchedule
    Name:
    THE SCHERMAN FOUNDATION INC
    EIN:
    13-6098464
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMPUTER AND WEBSITE 9,658 1,142   8,516
    DUES AND PUBLICATIONS 2,210 221   1,989
    EQUIPMENT RENTAL 1,707 202   1,505
    FILING FEES 1,500 0   1,500
    INSURANCE 8,587 1,015   7,572
    OFFICE EXPENSE 3,565 178   3,387
    OTHER EXPENSES 10,989 550   10,439
    OTHER INVESTMENT EXPENSES 4,222 4,222   0
    OTHER EXPENSES THRU SCHEDULE K-1'S 567,627 552,296   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THE SCHERMAN FOUNDATION INC
    EIN:
    13-6098464
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER PARTNERSHIP INCOME THRU SCHEDULE K-1'S 796,597 666,652 796,597
    OTHER INCOME (LOSS) 1,194 1,194 1,194


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE SCHERMAN FOUNDATION INC
    EIN:
    13-6098464
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PUBLICATION DESIGN AND EDITING CONSULTING 17,880 0   17,880
    INVESTMENT ADVISORY 144,000 144,000   0
    DIVERSITY, EQUITY, AND INCLUSION CONSULTING 35,750 0   35,750
    STRATEGIC CONSULTING 24,450 0   24,450
    PROGRAMMATIC CONSULTING 8,955 0   8,955


    TY 2021 TaxesSchedule
    Name:
    THE SCHERMAN FOUNDATION INC
    EIN:
    13-6098464
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 5,000 0   0
    FOREIGN TAXES WITHHELD 103,168 103,168   0