TY 2021 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	160,026
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	944,767	944,767
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		3,416,890
b	Gross sales price for all assets on line 6a 26,298,547
7	Capital gain net income (from Part IV, line 2)...		3,347,061
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).......		14,421	211,490
12	Total. Add lines 1 through 11........	4,536,104	4,503,318
	13	Compensation of officers, directors, trustees, etc.	30,000			30,000
14	Other employee salaries and wages......	2,003,105			2,003,405
15	Pension plans, employee benefits.......	628,033			587,972
16a	Legal fees (attach schedule).........		64,360			68,087
b	Accounting fees (attach schedule).......		54,525	27,263		27,619
c	Other professional fees (attach schedule)....		903,011	572,482		328,005
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		136,878	7,085		2,309
19	Depreciation (attach schedule) and depletion...		78,362
20	Occupancy..............	200,510			205,340
21	Travel, conferences, and meetings.......	4,274			3,612
22	Printing and publications..........	1,854			1,854
23	Other expenses (attach schedule).......		1,217,839	23,509		1,270,620
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	5,322,751	630,339		4,528,823
25	Contributions, gifts, grants paid.......	6,621,450			6,754,950
26	Total expenses and disbursements. Add lines 24 and 25	11,944,201	630,339		11,283,773
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-7,408,097
b	Net investment income (if negative, enter -0-)		3,872,979
c	Adjusted net income (if negative, enter -0-)...

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	3,959,136	3,705,780	3,705,780
	2	Savings and temporary cash investments.........	21,565,426	3,210,013	3,210,013
	3	Accounts receivable 598
		Less: allowance for doubtful accounts	24,377	598	598
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	17,168	23,316	23,316
	10a	Investments—U.S. and state government obligations (attach schedule)	7,104,307	5,375,625	5,375,625
	b	Investments—corporate stock (attach schedule).......	47,009,881	59,268,459	59,268,459
	c	Investments—corporate bonds (attach schedule).......	11,384,169	13,041,033	13,041,033
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	11,542,222	23,601,422	23,601,422
	14	Land, buildings, and equipment: basis 6,684,825
		Less: accumulated depreciation (attach schedule) 875,272	2,477,620	5,809,553	5,809,553
	15	Other assets (describe )	11,233,641	3,703,837	3,703,837
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	116,317,947	117,739,636	117,739,636
	17	Accounts payable and accrued expenses..........	409,953	427,779
	18	Grants payable.................	1,100,000	966,500
	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 )	417,979	483,999
	23	Total liabilities (add lines 17 through 22).........	1,927,932	1,878,278
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	114,390,015	115,861,358
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		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).....	114,390,015	115,861,358
	30	Total liabilities and net assets/fund balances (see instructions).	116,317,947	117,739,636

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

114,390,015

Enter amount from Part I, line 27a .....................

-7,408,097

Other increases not included in line 2 (itemize) bullet

8,879,440

Add lines 1, 2, and 3 ..........................

115,861,358

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

115,861,358

(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	Sales of Publicly Traded Securities	P	2000-01-01	2021-12-31
b	Capital Gain Distributions	P	2000-01-01	2021-12-31
c	Gain from Investment Psp	P	2000-01-01	2021-12-31
d	Asset Disposal	P	2000-01-01	2021-12-31
e	Capital Gains from Investment Psps	P	2000-01-01	2021-12-31
	Cap Gains fr Psps- Reported on 990-T	P	2000-01-01	2021-12-31

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	25,585,915	22,878,580	2,707,335
b	214,222		214,222
c	428,581		428,581
d		3,077	-3,077
e	69,829		69,829
		69,829	-69,829

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			2,707,335
b			214,222
c			428,581
d			-3,077
e			69,829
			-69,829

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	3,347,061
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 ...................		3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	53,834
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	53,834
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	92,937
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	92,937
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	39,103
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax39,103	Refunded	11

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
L Kleger	Director 3.00	10,000
PO Box 246 Inverness,CA94937
T Sargent	Treasurer 3.00	0
PO Box 246 Inverness,CA94937
S Manu	Director 3.00	10,000
PO Box 246 Inverness,CA94937
D Weeren	Secretary 3.00	10,000
PO Box 246 Inverness,CA94937
M Horn	Board Chair 3.00	0
PO Box 246 Inverness,CA94937


(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
Cleary Vaughan-Lee	Dir. GOP 35.00	147,300	8,781
PO Box 246 Inverness,CA94937	Dir. GOP 35.00	147,300	8,781
Emmanuel Vaughan-Lee	Dir. SE 35.00	162,550	38,962
PO Box 246 Inverness,CA94937	Dir. SE 35.00	162,550	38,962
Zoe Fuller-Rowell	Exec Dir 35.00	172,700	28,009
PO Box 246 Inverness,CA94937	Exec Dir 35.00	172,700	28,009
Sohrob Nabatian	Dir. Grants 35.00	150,000	44,141
PO Box 246 Inverness,CA94937	Dir. Grants 35.00	150,000	44,141
Greg Hagerman	Finance Mgr 35.00	137,500	44,922
PO Box 246 Inverness,CA94937	Finance Mgr 35.00	137,500	44,922
Total number of other employees paid over $50,000...................				17


Studio Airport	Design/Web Dev	231,853
Hooghiemstraplein 73 Utrecht 3514 AX NL
Peter Kingsley	Program Consultant	150,000
Axe View Higher Lane Close Axmout Seaton,DevonEX12 4B UK
Tiedemann Wealth Management	Investment Advisors	175,651
520 Madison Avenue 26th Avenue New York,NY10022
In The Loft Studios	Website Development	141,210
PO Box 29294 Bellingham,WA98228
Boston Trust Walden	Investment Advisors	126,280
One Beacon Street 33rd Floor Boston,MA02108

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	Global Oneness Project, a subsidiary of Kalliopeia, is a limited liability company that produces and offers a free library of multicultural stories and accompanying lesson plans for elementary, middle, and high school classrooms. The collection of films, photo essays, and articles explore cultural, social, and environmental issues with a humanistic lens, and aim to plant seeds of empathy, resilience, and a sacred relationship to our planet.	675,994
2	Spiritual Ecology, a subsidiary of Kalliopeia, is a limited liability company that offers programming and resources in support of building the field of spiritual ecology. Current work includes Emergence Magazine a free online publication exploring the connections between ecology, culture, and spirituality.	1,519,131
3


4

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

		(a) Corpus	(d) 2021
1 Distributable amount for 2021 from Part X, line 7			7,440,262
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2021:
a From 2016......	5,667,807
b From 2017......	6,223,058
c From 2018......	8,305,724
d From 2019......	5,670,003
e From 2020......	5,338,832
f Total of lines 3a through e ........		31,205,424
4Qualifying distributions for 2021 from Part
XI, line 4: $ 11,283,773
a Applied to 2020, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2021 distributable amount.....			7,440,262
e Remaining amount distributed out of corpus		3,843,511
5 Excess distributions carryover applied to 2021.
(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		35,048,935
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
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) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...		5,667,807
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		29,381,128
10 Analysis of line 9:
a Excess from 2017....	6,223,058
b Excess from 2018....	8,305,724
c Excess from 2019....	5,670,003
d Excess from 2020....	5,338,832
e Excess from 2021....	3,843,511

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	(e) Total

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

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:

3 Grants and Contributions Paid During the Year or Approved for Future Payment
aPaid during the year
See Grant Statement See Grant Statement See Grant Statement,CA94915		PC	See Grant Statement	6,754,950
Total ................................. 3a	6,754,950

bApproved for future payment
See Grant Statement See Grant Statement See Grant Statement,CA94915	N/A	PC	See Grant Statement	966,500
Total ................................. 3b	966,500

Line No.	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.)
1a	Program Service Revenue - Global Oneness Project is a limited liability company that produces and offers a free library of multicultural stories and accompanying lesson plans for elementary, middle, and high school classrooms. The collection of films, photo essays, and articles explore cultural, social, and environmental issues with a humanistic lens, and aim to plant seeds of empathy, resilience, and a sacred relationship to our planet.
1b	Program Service Revenue - Spiritual Ecology is a limited liability company that offers programming and resources in support of building the field of spiritual ecology. Current work includes Emergence Magazine, a free online publication and annual print edition featuring stories that explore the threads connecting ecology, culture, and spirituality.
11a	Adjustment to Bad Debt Expense

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	(e) Related or exempt function income (See instructions.)
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 ............	900099	69,829	18	3,347,061
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aBad Debt Expenses Adj					41,692
bMission Related Int			14	194,042
cPartnership Income	900099	-397,086	14	17,448
dRental Income			16	23,950
e
12 Subtotal. Add columns (b), (d), and (e) ..		-327,257		4,527,268	176,067

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Software ID:	21013475
Software Version:	2021v4.1

Name of organization Kalliopeia Foundation

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	B Sargent PO Box 246 Inverness, CA94937	$ 150,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	J Elan PO Box 246 Inverness, CA94937	$ 9,974	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

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
Studio Airport	Design/Web Dev	231,853
Hooghiemstraplein 73 Utrecht 3514 AX NL	Design/Web Dev	231,853
Peter Kingsley	Program Consultant	150,000
Axe View Higher Lane Close Axmout Seaton,DevonEX12 4B UK	Program Consultant	150,000
Tiedemann Wealth Management	Investment Advisors	175,651
520 Madison Avenue 26th Avenue New York,NY10022	Investment Advisors	175,651
In The Loft Studios	Website Development	141,210
PO Box 29294 Bellingham,WA98228	Website Development	141,210
Boston Trust Walden	Investment Advisors	126,280
One Beacon Street 33rd Floor Boston,MA02108	Investment Advisors	126,280

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
See Grant Statement See Grant Statement See Grant Statement,CA94915		PC	See Grant Statement	6,754,950
Total ................................. 3a				6,754,950

Name of organization Kalliopeia Foundation		Employer identification number 94-3270387

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	15.211 Sh CSRSX; 20.013 Sh EOI; 107.148 Sh FCAMX; 9.807 Sh HAIN; 337.65 Sh LHYAX; 6.254 Sh PAK; 150.	$ 9,974	2021-06-23
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2021)


Name of organization Kalliopeia Foundation			Employer identification number 94-3270387
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.) $ Use duplicate copies of Part III if additional space is needed.

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
Buildings	2012-12-12	1,975,861	632,604	SL	39.0000	50,663
Buildings 2018	2018-12-12	40,811	27,161	SL	39.0000	1,046
Machinery & Equip 2018	2018-12-12	35,624	24,740	SL	3.0000	10,884
Furniture 2018	2018-12-12	6,519	1,940	SL	7.0000	931

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
Nicole Silvestri dba Soil Shadow	857 Armour Drive Oakland,CA94611	2020-02-27	105,000	The Spiritual Ecology and Culture Creation Project	105,000	No	6/23/2021	2021-06-23	To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the grant was originally made.
Kate R Weiner dba Loam Living LLC	PO Box 64 Boulder,CO80306	2020-10-13	100,000	Loam Magazine Content Development and Distribution	89,189	No	3/23/22	2022-03-23	To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the grant was originally made.
Thomas Berry Foundation	29 Spoke Drive Woodbridge,CT06525	2020-11-12	100,000	Yale Forum on Religion & Ecology and Journey of the Universe	100,000	No	5/16/22	2022-05-16	To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the grant was originally made.
Luca Oliva Hennelly	223 Beecher Lake Road Livingston Manor,NY12758	2020-11-23	37,000	Reconstitute Capacity and Program Development	34,595	No	4/20/22	2022-04-20	To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the grant was originally made.
Thomas Berry Foundation	29 Spoke Drive Woodbridge,CT06525	2021-11-12	100,000	Yale Forum on Religion & Ecology and Journey of the Universe	9,000	No	5/16/22	2022-05-16	To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the grant was originally made.
Kate R Weiner dba Loam Living LLC	PO BOX 64 Boulder,CO80306	2021-11-05	125,000	Project Support for "Loam Content Development".	32,647	No	3/23/22	2022-03-23	To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the grant was originally made.

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Ecosystem Integrity Fund III, LP	FMV	1,712,115	1,712,115
Ecotrust Forests II, LLC	FMV	2,015,503	2,015,503
Ecotrust Forests III, LLC	FMV	597,414	597,414
Elevar Equity III, LP	FMV	3,643,858	3,643,858
Forterra Strong Communities I, LP	FMV	209,117	209,117
Iroquois Valley Farms REIT, LLC	FMV	673,328	673,328
Low Income Investment Fund	FMV	2,000,000	2,000,000
Rose Affordable Housing Fund IV, LP	FMV	1,611,561	1,611,561
Wastewater Opportunity Fund	FMV	1,632,312	1,632,312
EcoEnterprise Partner III, LP	FMV	251,870	251,870
Grassroots Business Investor Fund I	FMV	66,724	66,724
Tiwa Lending Services	FMV	150,250	150,250
Northwest Native Development Fund	FMV	100,167	100,167
Homewise, Inc.	FMV	357,000	357,000
Rose Affordable Housing Fund V, LP	FMV	498,049	498,049
Illumen Capital, LP	FMV	477,021	477,021
MCE Social Capital	FMV	1,000,000	1,000,000
White Earth Invest. Initiative	FMV	250,417	250,417
First Nations Community Financial	FMV	200,333	200,333
Calvert Impact Capital, Inc.	FMV	2,735,523	2,735,523
RSF Social Finance	FMV	3,146,181	3,146,181
Craft3	FMV	504,266	504,266
Allowance for Bad Debt - Notes	AT COST	231,587	231,587

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Furniture and Fixtures	49,577	35,929	13,648	13,648
Machinery and Equipment	175,773	156,428	19,345	19,345
Buildings	3,487,871	682,915	2,804,956	2,804,956
Land	2,971,604		2,971,604	2,971,604

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
Distribution Receivable		2,526,642	2,526,642
Net Intangible Assets	40,694	40,462	40,462
Security Deposit	1,500	1,500	1,500

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Admin Services	14,728		15,106
Amortization	231
Computer Expenses	1,643		1,643
Dues & Membership	21,560		20,183
Financial Services Fee	23,509	23,509
Global Oneness Project Expenses	137,623		137,497
Insurance	65,897		65,897
Internet & Productivity Applications	40,160		31,252
Licenses, Permits & Filings	4,028		4,028
Office Supplies	17,071		17,071
Postage & Delivery	51,709		51,709
Research Materials	3,087		3,087
Spiritual Ecology Program Expenses	790,823		873,057
Staff Training	2,850		2,850
Telephone Expenses	27,170		27,170
Website/Webhosting	15,750		20,070

Description	Revenue And Expenses Per Books	Net Investment Income
Bad Debt Expenses Adj	41,692
Global Oneness Project	8,252
Mission Related Int	194,042	194,042
Partnership Income	-379,638	17,448
Rental Income	23,950
Spiritual Ecology	126,123

Description	Beginning of Year - Book Value	End of Year - Book Value
Deferred Excise Tax Liability	244,817	321,119
Excise Tax Payable	16,253	162,880
Pension Plan Payable	156,909

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
Admin Consulting	6,000	0	6,000
Investment Advisory Fees	572,482	572,482	0
Other Consulting	80,530	0	80,530
Program Consultants	218,850	0	214,698
Tech & Web Consulting	25,149	0	26,777

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
Excise Tax Provision	127,206
Foreign Taxes on Dividends	7,085	7,085
Other Taxes	2,587		2,309