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
GILBERT FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1074 WOODWARD AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DETROIT, MI482261906
A Employer identification number

81-0810541
B Telephone number (see instructions)

(313) 782-9500
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$122,833,560J 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) 10,822,541
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,245,556 1,497,477  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,470,669
b Gross sales price for all assets on line 6a 38,088,942
7 Capital gain net income (from Part IV, line 2)... 6,256,031
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).......      
12 Total. Add lines 1 through 11........ 20,538,766 7,753,508  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 93,211 0   0
14 Other employee salaries and wages...... 439,569 0   535,115
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 234,703 0   254,508
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 313,574 215,939   335,599
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 55,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,504 0   36
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 344,659 0   120,611
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,482,220 215,939   1,245,869
25 Contributions, gifts, grants paid....... 51,924,116 27,590,787
26 Total expenses and disbursements. Add lines 24 and 25 53,406,336 215,939   28,836,656
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -32,867,570
b Net investment income (if negative, enter -0-) 7,537,569
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............. 450,151 14,437,059 14,437,059
2 Savings and temporary cash investments......... 19,544,491 11,028,695 11,028,695
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.......... 18,534 14,102 14,102
10a Investments—U.S. and state government obligations (attach schedule) 9,464,162 Click to see attachment4,856,226 4,856,226
b Investments—corporate stock (attach schedule)....... 59,360,801 Click to see attachment56,229,980 56,229,980
c Investments—corporate bonds (attach schedule)....... 23,248,502 Click to see attachment7,158,390 7,158,390
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 15,291,333 Click to see attachment29,109,108 29,109,108
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) 127,377,974 122,833,560 122,833,560
Liabilities 17 Accounts payable and accrued expenses.......... 61,949 92,391
18 Grants payable................. 11,554,815 34,197,279
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)......... 11,616,764 34,289,670
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........ 150,000,000 150,000,000
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -34,238,790 -61,456,110
29 Total net assets or fund balances (see instructions)..... 115,761,210 88,543,890
30 Total liabilities and net assets/fund balances (see instructions). 127,377,974 122,833,560
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
115,761,210
2
Enter amount from Part I, line 27a .....................
2
-32,867,570
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
5,650,250
4
Add lines 1, 2, and 3 ..........................
4
88,543,890
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
88,543,890
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 REALIZED GAINS ON PUBLICLY TRADED SECURITIES P    
b
c
d
e
(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 38,088,942   31,832,911 6,256,031
b
c
d
e
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       6,256,031
b
c
d
e
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 6,256,031
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........................... 3 104,772
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- ..... 5 104,772
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 93,812
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 17,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 110,812
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 6,040
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet6,040 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMI
    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
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.GILBERTFAMILYFOUNDATION.ORG
    14
    The books are in care ofbulletMATTHEW RIZIK Telephone no.bullet (313) 782-9500

    Located atbullet1074 WOODWARD AVENUEDETROITMI ZIP+4bullet482261906
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    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
    Yes
     
    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
    DANIEL B GILBERT TRUSTEE
    1.00     		0 0 0
    1074 WOODWARD AVENUE
    DETROIT,MI48226
    JENNIFER GILBERT TRUSTEE
    1.00     		0 0 0
    1074 WOODWARD AVENUE
    DETROIT,MI48226
    MATTHEW RIZIK TREASURER
    1.00     		0 0 0
    1074 WOODWARD AVENUE
    DETROIT,MI48226
    JOYCE KELLER PART YEAR EXECUTIVE DIRECTOR
    40.00     		93,211 0 0
    1074 WOODWARD AVENUE
    DETROIT,MI48226
    LAURA GRANNEMANN EXECUTIVE DIRECTOR
    1.00     		0 0 0
    1074 WOODWARD AVENUE
    DETROIT,MI48226
    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
    YOORI KIM SCIENTIFIC OFFICER
    36.00     		154,741 0 0
    1074 WOODWARD AVENUE
    DETROIT,MI48226
    JAMES GOSS PROJECT MANAGER
    40.00     		80,498 0 0
    1074 WOODWARD AVENUE
    DETROIT,MI48226
    DARNELL ADAMS DIRECTOR OF COMMUNIT
    40.00     		60,173 0 0
    1074 WOODWARD AVENUE
    DETROIT,MI48226
    KAYLEIGH ROY DIRECTOR OF GRANTS
    20.00     		53,113 0 0
    1074 WOODWARD AVENUE
    DETROIT,MI48226
    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
    ARNOLD PORTER KAYE SCHOLER LEGAL SERVICES 256,511
    601 MASSACHUSETTS AVE
    WASHINGTON,DC20001
    UBS FINANCIAL SERVICES INC INVESTMENT MANAGEMENT 215,939
    299 PARK AVENUE 26TH FLOOR
    NEW YORK,NY10171
    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
    97,306,661
    b
    Average of monthly cash balances.......................
    1b
    19,059,668
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    116,366,329
    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
    116,366,329
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,745,495
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    114,620,834
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    5,731,042
    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
    5,731,042
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    104,772
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    104,772
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,626,270
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,626,270
    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
    5,626,270
    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 5,626,270
    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...... 2,601,908
    d From 2019...... 5,193,231
    e From 2020...... 10,451,605
    f Total of lines 3a through e ........ 18,246,744
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 28,836,656
    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..... 5,626,270
    e Remaining amount distributed out of corpus 23,210,386
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 41,457,130
    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 ......     		41,457,130
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 2,601,908
    c Excess from 2019.... 5,193,231
    d Excess from 2020.... 10,451,605
    e Excess from 2021.... 23,210,386
    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
    WAYNE METROPOLITAN COMMUNITY ACTION AGENCY
    7310 WOODWARD SUTIE 800
    DETROIT,MI48202     		N/A NC GENERAL 7,500,000
    COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN
    333 W FORT STREET
    DETROIT,MI48226     		N/A NC GENERAL 5,500,000
    CRANBROOK EDUCATIONAL COMMUNITY
    39221 WOODWARD AVENUE PO BOX 801
    BLOOMFIELD HILLS,MI48303     		BOARD MEMBER PC EDUCATIONAL 3,293,780
    CHILDREN'S HOSPITAL OF PHILADELPHIA
    3401 CIVIC CENTER BLVD
    PHILADELPHIA,PA19104     		N/A PC SCIENTIFIC 2,442,337
    CHILDREN'S HOSPITAL FOUNDATION
    1 INVENTA PLACE 6TH FLOOR
    SILVER SPRING,MD20910     		N/A NC SCIENTIFIC 1,000,000
    JOHNS HOPKINS UNIVERSITY
    12529 COLLECTIONS CENTER DRIVE
    CHICAGO,IL60693     		N/A NC GENERAL 593,872
    BOSTON CHILDREN'S HOSPITAL
    PO BOX 414413
    BOSTON,MA02241     		N/A NC SCIENTIFIC 592,885
    ISACC AGREE DOWNTOWN SYNAGOGUE
    1457 GRISWOLD
    DETROIT,MI48226     		N/A PC GENERAL 250,000
    REGENTS OF THE UNIVERSITY OF MICHIGAN
    3003 S STATE STREET 5000 WOLVERINE
    TOWER
    ANN ARBOR,MI48109     		N/A PC EDUCATIONAL 391,674
    STANFORD UNIVERSITY (VRI)
    485 BROADWAY MAIL CODE 8838
    REDWOOD CITY,CA94063     		N/A PC SCIENTIFIC 352,637
    B FOUNDATION
    101 ROCKLAND CIRCLE
    WILMINGTON,DE19803     		N/A NC GENERAL 171,237
    UNIVERSITY OF WASHINGTON
    3910 MONTIAICE BLVD BOX 354070
    SEATTLE,WA98195     		N/A PC SCIENTIFIC 296,345
    THE SCHEPENS EYE RESEARCH INSTITUTE
    20 STANIFORD STREET
    BOSTON,MA02114     		N/A NC SCIENTIFIC 293,910
    WASHINGTON UNIVERSITY
    700 ROSEDALE AVENUE
    ST LOUISE,MO63112     		N/A NC SCIENTIFIC 274,432
    SHIRLEY RYAN ABILITY LAB
    355 E ERIE STREET
    CHICAGO,IL60611     		N/A PC SCIENTIFIC 105,000
    RECOMBINETICS INC
    1246 UNIVERSITY AVE W STE 301
    SAINT PAUL,MN55104     		N/A PC SCIENTIFIC 208,498
    CHALLENGED ATHLETE'S FOUNDATION
    9591 WAPLES STREET
    SAN DIEGO,CA92121     		N/A NC GENERAL 100,000
    HOLOCAUST MEMORIAL CENTER
    28123 ORCHARD LAKE ROAD
    FARMINGTON HILLS,MI48334     		N/A NC GENERAL 100,000
    WAYNE STATE UNIVERSITY
    5700 CASS AVENUE SUITE 4100 AAB
    DETROIT,MI48202     		N/A NC SCIENTIFIC 100,000
    ALZHEIMER'S ASSOCIATION (MARLENE AND BILL EMERSON)
    25200 TELEGRAPH ROAD SUITE 100
    SOUTHFIELD,MI48033     		N/A NC EDUCATIONAL 80,000
    PARALYSIS RECOVERY FOUNDATION
    PO BOX 618684
    CHICAGO,IL60661     		N/A NC SCIENTIFIC 50,000
    SHAREWELL
    395 SANTA MONICA PLACE SUITE 374
    SANTA MONICA,CA90404     		N/A NC GENERAL 50,000
    UNIVERSITY OF MASSACHUSETTS MEDICAL SCHOOL
    55 LAKE AVE NORTH
    WORCESTER,MA01655     		N/A PC SCIENTIFIC 98,013
    NF FORWARD
    1074 WOODWARD AVENUE
    DETROIT,MI48226     		BOARD MEMBER PC SCIENTIFIC 28,298
    COLLEGE TRACK
    112 LINDEN ST
    OAKLAND,CA94607     		N/A NC EDUCATIONAL 25,000
    NEW YORK UNIVERSITY
    25 WEST 4TH STREET 4TH FLOOR
    NEW YORK,NY10012     		N/A NC SCIENTIFIC 25,000
    MIGHTYCAUSE FOUNDATION
    4428 LAFAYETTE STREET
    MARIANNA,FL32447     		N/A NC GENERAL 22,652
    MAKE A WISH MICHIGAN
    7600 GRAND RIVER AVE SUITE 175
    BRIGHTON,MI48114     		N/A NC GENERAL 18,000
    SAY DETROIT ANNUAL RADIOTHON 2021
    29836 TELEGRAPH ROAD
    SOUTHFIELD,MI48034     		N/A PC GENERAL 15,000
    CHILDREN'S TUMOR FOUNDATION
    120 WALL STREET 16TH FLOOR
    NEW YORK,NY10005     		BOARD MEMBER PC SCIENTIFIC 13,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    29777 TELEGRAPH RD
    SOUTHFIELD,MI48034     		N/A PC SCIENTIFIC 12,500
    CLEVELAND CLINIC
    9500 EUCLID AVENUE
    CLEVELAND,OH44195     		BOARD MEMBER NC GENERAL 10,000
    MICHIGAN FITNESS CLUB ASSOCIATION
    133 W MAIN STREET SUITE 266
    NORTHVILLE,MI48167     		N/A NC GENERAL 10,000
    PELATONIA
    450 W BROAD ST
    COLUMBUS,OH43215     		N/A NC GENERAL 10,000
    SHAMROCK 555 FOUNDATION
    13910 SIMONE DR
    SHELBY TOWNSHIP,MI48315     		N/A NC GENERAL 10,000
    SKY FOUNDATION
    33 BLOOMFIELD HILLS PARKWAY SUITE
    275
    BLOOMFIELD HILLS,MI48304     		N/A NC SCIENTIFIC 10,000
    CROHN'S & COLITIS FOUNDATIONS INC
    733 THIRD AVENUE SUITE 510
    NEW YORK,NY10017     		N/A PC GENERAL 5,000
    HENRY FORD HEALTH SYSTEM
    1 FORD PLACE
    DETROIT,MI48202     		N/A PC GENERAL 5,000
    JDRF
    26 BROADWAY 14TH FLOOR
    NEW YORK,NY10004     		N/A NC GENERAL 5,000
    KARMANOS CANCER FOUNDATION
    4100 JOHN R ST
    DETROIT,MI48201     		N/A NC GENERAL 5,000
    FOUNDATION FIGHTING BLINDNESS
    6925 OAKLAND MILLS ROAD 701
    COLUMBIA,MD21045     		N/A NC GENERAL 2,500
    FRIENDS OF CAMP MAK-A-DREAM
    4301 ORCHARD LAKE ROAD SUITE 180
    WEST BLOOMFIELD,MI48323     		N/A PC EDUCATIONAL 2,500
    FRIENDSHIP CIRCLE
    6892 W MAPLE ROAD
    WEST BLOOMFIELD,MI48322     		N/A PC GENERAL 2,500
    MUSEUM OF CONTEMPORARY ART DETROIT
    4454 WOODWARD AVENUE
    DETROIT,MI48201     		N/A NC EDUCATIONAL 2,500
    NF MICHIGAN
    PO BOX 6026
    GRAND RAPIDS,MI49516     		N/A NC SCIENTIFIC 2,500
    RHONDA WALKER FOUNDATION
    6421 FRENCH ROAD
    DETROIT,MI48213     		N/A NC GENERAL 2,500
    SJOGREN'S SYNDROME FOUNDATION
    10701 PARKRIDGE BLVD SUITE 170
    RESTON,VA20191     		N/A NC SCIENTIFIC 2,500
    WORLD CENTRAL KITCHEN INC
    200 MASSACHUSETTS AVE 7TH FLOOR
    WASHINGTON DC,DC20001     		N/A NC GENERAL 2,021
    FRANKLIN PUBLIC LIBRARY
    32455 FRANKLIN RD
    FRANKLIN,MI48025     		N/A PC GENERAL 1,000
    RACQUET UP DETROIT
    PO BOX 11404
    DETROIT,MI48211     		N/A PC GENERAL 1,000
    COMMUNITY FOUNDATION OF GREATER FLINT
    500 S SAGINAW STREET SUITE 200
    FLINT,MI48502     		N/A PC GENERAL 500
    KIDS KICKING CANCER
    27600 NORTHWESTERN HWY SUITE 220
    SOUTHFIELD,MI48034     		N/A NC GENERAL 500
    NO POOR AMONG US
    1570 E TOMAHAUK DR
    SALT LAKE CITY,UT84103     		N/A PC GENERAL 500
    ART CREATES US (PROJECTART)
    247 WATER STREET SUITE 403
    BROOKLYN,NY11211     		N/A NC GENERAL 500
    GARY SINISE FOUNDATION
    PO BOX 368
    WOODLAND HILLS,CA91365     		N/A NC GENERAL 250
    INTERNATIONAL RHETTS SYNDROME FOUNDATION
    4600 DEVITT DRIVE
    CINCINNATI,OH45246     		N/A PC GENERAL 250
    JEWISH HOSPICE & CHAPLAINCY NETWORK
    6555 WEST MAPLE ROAD
    WEST BLOOMFIELD,MI48322     		N/A NC GENERAL 250
    MICHIGAN STATE UNIVERSITY
    535 CHESTNUT ROAD ROOM 300
    EAST LANSING,MI48824     		N/A PC GENERAL 1,500,000
    WAYNE STATE UNIVERSITY
    5700 CASS AVENUE SUITE 4100 AAB
    DETROIT,MI48202     		N/A NC EDUCATIONAL 800,000
    M1 RAIL
    7520 WOODWARD AVE
    DETROIT,MI48202     		N/A NC GENERAL 750,000
    BEAUMONT
    3711 WEST THIRTEEN MILE
    ROYAL OAK,MI48073     		N/A PC EDUCATIONAL 300,000
    CLEVELAND CLINIC
    9500 EUCLID AVENUE
    CLEVELAND,OH44195     		BOARD MEMBER NC SCIENTIFIC 100,000
    ONCOLOGY ASSOCIATION OF NATUROPATHRIC PHYSICIANS
    5985 SUNSET ST
    JUNEAU,AK99801     		N/A NC SCIENTIFIC 42,446
    Total .................................bullet 3a 27,590,787
    bApproved for future payment
    CRANBROOK EDUCATIONAL COMMUNITY
    39221 WOODWARD AVENUE PO BOX 801
    BLOOMFIELD HILLS,MI48303     		BOARD MEMBER PC EDUCATIONAL 21,875,000
    WAYNE METROPOLITAN COMMUNITY ACTION AGENCY
    7310 WOODWARD SUTIE 800
    DETROIT,MI48202     		N/A NC GENERAL 7,500,000
    CHILDREN'S HOSPITAL OF PHILADELPHIA
    3401 CIVIC CENTER BLVD
    PHILADELPHIA,PA19104     		N/A PC SCIENTIFIC 236,685
    Total .................................bullet 3b 29,611,685
    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 8,470,669  
    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 9,716,225 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    9,716,225
    (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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

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

    81-0810541
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    GILBERT FAMILY FOUNDATION
          		Employer identification number
    81-0810541
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    DANIEL B AND JENNIFER GILBERT
     
    1050 WOODWARD AVE
     
    DETROIT, MI48226

    		$ 10,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    BEDROCK BUILDING SERVICES LLC
     
    630 WOODWARD AVENUE
     
    DETROIT, MI48226

    		$ 443,589


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    BEDROCK MANAGEMENT SERVICES LLC
     
    630 WOODWARD AVENUE
     
    DETROIT, MI48226

    		$ 270,840


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    ROCKET COMMUNITY FUND
     
    1050 WOODWARD AVENUE
     
    DETROIT, MI48226

    		$ 25,212


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    ROCK VENTURES
     
    1074 WOODWARD AVENUE
     
    DETROIT, MI48226

    		$ 78,046


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    GILBERT FAMILY FOUNDATION
          		Employer identification number

    81-0810541
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 SHARES OF STOCK $ 443,589 2021-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    3
    		 SHARES OF STOCK $ 270,840 2021-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    4
    		 SHARES OF STOCK $ 25,212 2021-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    5
    		 SHARES OF STOCK $ 78,046 2021-05-26
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    GILBERT FAMILY FOUNDATION
          		Employer identification number

    81-0810541
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


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    TY 2021 ExpenditureResponsibilityStmt
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    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
    RECOMBINETICS INC
          		1246 UNIVERSITY AVE W STE 301
    SAINT PAUL,MN55104     		2019-01-25 1,194,786 SCIENTIFIC 798,172   9/3/19, 11/11/19, 2/29/20, 8/31/20, 11/16/20, 12/15/20, 2/26/21, 8/25/21 2021-10-01 APPROVED BY SCIENTIFIC OFFICER

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS - 4401 112,028 112,028
    CORPORATE BONDS - 4402 153,935 153,935
    CORPORATE BONDS - 4407 149,870 149,870
    CORPORATE BONDS - 4409 159,205 159,205
    CORPORATE BONDS - 4413 76,388 76,388
    CORPORATE BONDS - 4418 120,145 120,145
    CORPORATE BONDS - 4422 153,897 153,897
    CORPORATE BONDS - 4429 119,683 119,683
    CORPORATE BONDS - 4432 53,757 53,757
    CORPORATE BONDS - 4438 26,312 26,312
    CORPORATE BONDS - 4447 141,518 141,518
    CORPORATE BONDS - 4457 272,333 272,333
    CORPORATE BONDS - 4461 146,387 146,387
    CORPORATE BONDS - 4472 80,069 80,069
    CORPORATE BONDS - 4478 62,257 62,257
    CORPORATE BONDS - 4480 151,264 151,264
    CORPORATE BONDS - 4482 33,346 33,346
    CORPORATE BONDS - 4487 34,416 34,416
    CORPORATE BONDS - 4488 75,960 75,960
    CORPORATE BONDS - 4495 72,183 72,183
    CORPORATE BONDS - 4498 152,167 152,167
    CORPORATE BONDS - 4519 148,749 148,749
    CORPORATE BONDS - 4528 145,035 145,035
    CORPORATE BONDS - 4529 32,741 32,741
    CORPORATE BONDS - 4532 152,226 152,226
    CORPORATE BONDS - 4534 179,616 179,616
    CORPORATE BONDS - 4536 13,476 13,476
    CORPORATE BONDS - 4537 36,545 36,545
    CORPORATE BONDS - 4538 152,970 152,970
    CORPORATE BONDS - 4546 151,820 151,820
    CORPORATE BONDS - 4550 50,481 50,481
    CORPORATE BONDS - 4553 152,629 152,629
    CORPORATE BONDS - 4555 315,997 315,997
    CORPORATE BONDS-4361 150,110 150,110
    CORPORATE BONDS-4369 75,932 75,932
    CORPORATE BONDS-4560 62,130 62,130
    CORPORATE BONDS-4561 150,075 150,075
    CORPORATE BONDS-4562 29,120 29,120
    CORPORATE BONDS-4563 75,548 75,548
    CORPORATE BONDS-4564 143,384 143,384
    CORPORATE BONDS-4566 149,382 149,382
    CORPORATE BONDS-4567 47,150 47,150
    CORPORATE BONDS-4568 44,132 44,132
    CORPORATE BONDS-4571 33,850 33,850
    CORPORATE BONDS-4573 81,661 81,661
    CORPORATE BONDS-4575 57,599 57,599
    CORPORATE BONDS-4576 63,882 63,882
    CORPORATE BONDS-4577 58,378 58,378
    CORPORATE BONDS-4579 64,100 64,100
    CORPORATE BONDS-4580 177,885 177,885
    CORPORATE BONDS-4554 154,043 154,043
    CORPORATE BONDS - 4455 67,478 67,478
    CORPORATE BONDS - 4503 101,482 101,482
    CORPORATE BONDS-4621 240,017 240,017
    CORPORATE BONDS-4 1,251,647 1,251,647

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MUTUAL FUNDS - 1103 33,440,825 33,440,825
    MUTUAL FUNDS - 1105 7,392,724 7,392,724
    MUTUAL FUNDS - 1107 5,567,407 5,567,407
    MUTUAL FUNDS - 1109 9,829,024 9,829,024

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    US Government Securities - End of Year Book Value:

    4,503,179
    US Government Securities - End of Year Fair Market Value:

    4,503,179
    State & Local Government Securities - End of Year Book Value:


    353,047
    State & Local Government Securities - End of Year Fair Market Value:


    353,047


    TY 2021 InvestmentsOtherSchedule2
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALTERNATIVE INVESTMENT FMV 27,993,825 27,993,825
    ASSET BACKED SECURITIES-6613 FMV 120,133 120,133
    ASSET BACKED SECURITIES-6616 FMV 25,019 25,019
    ASSET BACKED SECURITIES-6617 FMV 72,388 72,388
    ASSET BACKED SECURITIES-6618 FMV 81,251 81,251
    ASSET BACKED SECURITIES-6619 FMV 25,627 25,627
    ASSET BACKED SECURITIES-6620 FMV 17,030 17,030
    ASSET BACKED SECURITIES-6621 FMV 5,534 5,534
    ASSET BACKED SECURITIES-6 FMV 768,301 768,301

    TY 2021 LegalFeesSchedule
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL EXPENSE 234,703 0   254,508


    TY 2021 OtherExpensesSchedule
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSES 3,442 0   4,175
    INSURANCE 24,005 0   24,651
    SUBSCRIPTIONS 6,598 0   0
    SOFTWARE AND LICENSING 88,607 0   91,785
    PURCHASE DISCOUNTS 222,007 0   0


    TY 2021 OtherIncreasesSchedule
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Description Amount
    UNREALIZED GAIN 5,650,250


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL EXPENSES 97,635 0   119,660
    BROKERAGE/CUSTODY FEE 215,939 215,939   215,939


    TY 2021 TaxesSchedule
    Name:
    GILBERT FAMILY FOUNDATION
    EIN:
    81-0810541
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAXES 55,000 0   0