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
GRANTHAM FOUNDATION FOR THE PROTECTION
OF THE ENVIRONMENT
Number and street (or P.O. box number if mail is not delivered to street address)CO JEREMY GRANTHAM 40 ROWES WHARF
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02110
A Employer identification number

04-6856456
B Telephone number (see instructions)

(617) 346-7500
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$1,061,499,692J 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) 81,525,504
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,193 2,193  
4 Dividends and interest from securities... 2,856,161 2,851,576  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 120,130,723
b Gross sales price for all assets on line 6a 219,159,742
7 Capital gain net income (from Part IV, line 2)... 161,715,668
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 5,943,219 2,021,675  
12 Total. Add lines 1 through 11........ 210,457,800 166,591,112  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 36,161 0   36,161
b Accounting fees (attach schedule)....... Click to see attachment 78,000 39,000   39,000
c Other professional fees (attach schedule).... Click to see attachment 9,946,001 9,275,751   0
17 Interest............... 1,375,027 1,375,027   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,958,197 457,197   1,000
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 195,556 0   30,291
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 13,588,942 11,146,975   106,452
25 Contributions, gifts, grants paid....... 35,114,310 35,114,310
26 Total expenses and disbursements. Add lines 24 and 25 48,703,252 11,146,975   35,220,762
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 161,754,548
b Net investment income (if negative, enter -0-) 155,444,137
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 58,579,429 188,601,844 188,601,772
3 Accounts receivable bullet2,991,438
Less: allowance for doubtful accounts bullet   821,072 2,991,438 2,991,438
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) bullet1,317,384
Less: allowance for doubtful accounts bullet0 1,192,967 1,317,384 1,317,384
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)....... 29,915,874 Click to see attachment29,999,017 32,489,600
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).......... 318,650,688 Click to see attachment360,628,732 834,541,080
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment7,538,436 Click to see attachment1,558,418 Click to see attachment1,558,418
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 416,698,466 585,096,833 1,061,499,692
Liabilities 17 Accounts payable and accrued expenses.......... 301,872 1,352,343
18 Grants payable.................   250,000
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) Click to see attachment2,907,222 Click to see attachment8,250,570
23 Total liabilities (add lines 17 through 22)......... 3,209,094 9,852,913
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 413,489,372 575,243,920
29 Total net assets or fund balances (see instructions)..... 413,489,372 575,243,920
30 Total liabilities and net assets/fund balances (see instructions). 416,698,466 585,096,833
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
413,489,372
2
Enter amount from Part I, line 27a .....................
2
161,754,548
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
575,243,920
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
575,243,920
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 BAUPOST K-1 STCG UBTI P 2021-12-31 2021-12-31
b BAUPOST K-1 LTCG UBTI P 2021-12-31 2021-12-31
c ENCAP FLATROCK MIDSTREAM LTCG- UBTI P 2021-12-31 2021-12-31
d SUSTAINABLE ASSET FUND SECTION 1231- UBTI P 2021-12-31 2021-12-31
e SAF HOLDINGS LLC SECTION 1231- UBTI P 2021-12-31 2021-12-31
BAUPOST K-1 SECTION 1231- UBTI P 2021-12-31 2021-12-31
ENCAP FLATROCK MIDSTREAM SECTION 1231-UBTI P 2021-12-31 2021-12-31
LEGACY K-1 SECTION 1231- UBTI P 2021-12-31 2021-12-31
LTCG FROM MORGAN STANLEY STOCK SALES   2021-12-31 2021-12-31
GMO SPECIAL OPPORTUNITIES FD VI   2021-12-31 2021-12-31
MORGAN STANLEY FUTURES -1256 LOSS P 2021-12-31 2021-12-31
ZOOX INC P 2021-12-31 2021-12-31
ELLIOTT REDEMPTION P 2021-12-31 2021-12-31
CHALKSTREAM P 2021-12-31 2021-12-31
ELLIOTT REDEMPTION P 2021-12-31 2021-12-31
ADJUSTMENT FOR UNREALIZED GAIN ON DONATED STOCK   2021-12-31 2021-12-31
SAGACIA FUND STCG P 2021-12-31 2021-12-31
ACCOMPLICE STCG P 2021-12-31 2021-12-31
HIGHLAND EUROPE GROWTH II LP STCG P 2021-12-31 2021-12-31
UNDERSCORE LP STCG P 2021-12-31 2021-12-31
THRIVE VI GROWTH LP STCG P 2021-12-31 2021-12-31
THRIVE VI LP STCG P 2021-12-31 2021-12-31
THRIVE III K-1 STCG P 2021-12-31 2021-12-31
THRIVE CAPITAL V K-1 STCG P 2021-12-31 2021-12-31
THRIVE CAPITAL IV LP STCG P 2021-12-31 2021-12-31
THIRD ROCK V K-1 STCG P 2021-12-31 2021-12-31
THIRD ROCK IV K-1 STCL P 2021-12-31 2021-12-31
TECHNOLOGY IMPACT FUND K-1 STCG P 2021-12-31 2021-12-31
SUSTAINABLE ASSET FUND STCG P 2021-12-31 2021-12-31
RIEFF K-1 STCL P 2021-12-31 2021-12-31
OVERLOOK PARTNERS K-1 STCG P 2021-12-31 2021-12-31
LUX VENTURES VI K-1 STCG P 2021-12-31 2021-12-31
LUX VENTURES V K-1 STCG P 2021-12-31 2021-12-31
LUX VENTURES IV K-1 STCL P 2021-12-31 2021-12-31
LSVP SELECT II LP STCL P 2021-12-31 2021-12-31
LSVP XI K-1 STCL P 2021-12-31 2021-12-31
LSVP SELECT K-1 STCL P 2021-12-31 2021-12-31
LSVP X K-1 STCL P 2021-12-31 2021-12-31
LEGACY STCG P 2021-12-31 2021-12-31
ICON VENTURES V K-1 STCG P 2021-12-31 2021-12-31
HV HOLTZBRINCK VII K-1 STCG P 2021-12-31 2021-12-31
HV HOLTZBRINCK CO INVEST FEEDER STCL P 2021-12-31 2021-12-31
HV HOLTZBRINCK VI K-1 STCG P 2021-12-31 2021-12-31
HV HOLTZBRINCK VENTURE V K-1 STCL P 2021-12-31 2021-12-31
HILLHOUSE FUND IV K-1 STCG P 2021-12-31 2021-12-31
GREYCROFT IV K-1 STCG P 2021-12-31 2021-12-31
FOUNDER FUND VI STCG P 2021-12-31 2021-12-31
FOUNDERS FUND V K-1 STCG P 2021-12-31 2021-12-31
FOUNDATION CAPITAL K-1 STCG P 2021-12-31 2021-12-31
FORMATION8 PARTNERS II K-1 STCL P 2021-12-31 2021-12-31
FIRSTMARK CAPITAL OF III K-1 STCG P 2021-12-31 2021-12-31
FLAGSHIP VENTURE V K-1 STCL P 2021-12-31 2021-12-31
ENCAP ENERGY K-1 STCG P 2021-12-31 2021-12-31
DOEMMEKRAFT K-1 STCL P 2021-12-31 2021-12-31
DISCERENE K-1 STCL P 2021-12-31 2021-12-31
DENHAM K-1 STCL P 2021-12-31 2021-12-31
BAUPOST K-1 STCG P 2021-12-31 2021-12-31
BATTERY XI-A LP K-1 STCG P 2021-12-31 2021-12-31
BATTERY VENTURE X LP STCG P 2021-12-31 2021-12-31
ATLAS VENTURE FUND X K-1 STCG P 2021-12-31 2021-12-31
ATLAS VENTURE IX K-1 STCG P 2021-12-31 2021-12-31
ARCH VENTURE FUND IX K-1 STCG P 2021-12-31 2021-12-31
ARC ENERGY K-1 STCG P 2021-12-31 2021-12-31
ANNAPOLIS VII K-1 STCL P 2021-12-31 2021-12-31
ANNAPOLIS VI K-1 STCG P 2021-12-31 2021-12-31
ACRE VENTURE PARTNERS II LP STCL P 2021-12-31 2021-12-31
HIGHLAND EUROPE GROWTH III LP STCG P 2021-12-31 2021-12-31
SAGACIA FUND LTCG P 2021-12-31 2021-12-31
HIGHLAND EUROPE GROWTH III LP LTCG P 2021-12-31 2021-12-31
HIGHLAND EUROPE GROWTH II LP LTCG P 2021-12-31 2021-12-31
ENCAP FLATROCK MIDSTREAM III K-1 LTCL P 2021-12-31 2021-12-31
BAUPOST K-1 LTCG P 2021-12-31 2021-12-31
XPV WATER K-1 LTCG P 2021-12-31 2021-12-31
UNDERSCORE LP LTCL P 2021-12-31 2021-12-31
TRIBECA II K-1 LTCL P 2021-12-31 2021-12-31
TRIBECA FUND I LP LTCG P 2021-12-31 2021-12-31
THRIVE VI GROWTH LP LTCG P 2021-12-31 2021-12-31
THRIVE VI K-1 LTCG P 2021-12-31 2021-12-31
THRIVE III K-1 LTCG P 2021-12-31 2021-12-31
THRIVE CAPITAL V K-1 LTCG P 2021-12-31 2021-12-31
THRIVE CAPITAL IV K-1 LTCG P 2021-12-31 2021-12-31
THIRD ROCK V K-1 LTCG P 2021-12-31 2021-12-31
THIRD ROCK IV K-1 LTCG P 2021-12-31 2021-12-31
THIRD ROCK III K-1 LTCG P 2021-12-31 2021-12-31
TECHNOLOGY IMPACT FUND K-1 LTCG P 2021-12-31 2021-12-31
SUSA VENTURES II K-1 LTCG P 2021-12-31 2021-12-31
SUSTAINABLE ASSET FUND II K1 LTCG P 2021-12-31 2021-12-31
SUSTAINABLE ASSET FUND I K-1 LTCG P 2021-12-31 2021-12-31
SAF II INTERESTS LLC K-1 LTCG P 2021-12-31 2021-12-31
SAF HOLDINGS LLC K-1 LTCL P 2021-12-31 2021-12-31
SILVERLAKE KRAFTWERK LP K1 LTCG P 2021-12-31 2021-12-31
SILVERLAKE CAYMAN K-1 LTCG P 2021-12-31 2021-12-31
RINCON K-1 LTCG P 2021-12-31 2021-12-31
REAF II LP K-1 LTCL P 2021-12-31 2021-12-31
RIEFF K-1 LTCG P 2021-12-31 2021-12-31
PACIFIC ROAD K-1 LTCL P 2021-12-31 2021-12-31
OWL VENTURES K-1 LTCG P 2021-12-31 2021-12-31
OVERLOOK 3G K-1 LTCG P 2021-12-31 2021-12-31
OVERLOOK PARTNERS K-1 LTCG P 2021-12-31 2021-12-31
MUCKER K-1 LTCL P 2021-12-31 2021-12-31
LUX VENTURES V K-1 LTCG P 2021-12-31 2021-12-31
LUX VENTURES IV K-1 LTCL P 2021-12-31 2021-12-31
LUX VENTURES III K-1 LTCL P 2021-12-31 2021-12-31
LONGWOOD II K-1 LTCG P 2021-12-31 2021-12-31
LSVP SELECT K-1 LTCL P 2021-12-31 2021-12-31
LSVP XI K-1 LTCG P 2021-12-31 2021-12-31
LSVP SELECT K-1 LTCL P 2021-12-31 2021-12-31
LSVP X K-1 LTCG P 2021-12-31 2021-12-31
LEGACY LTCG P 2021-12-31 2021-12-31
LAKESTAR K-1 LTCG P 2021-12-31 2021-12-31
SINOVATION IV K-1 LTCL P 2021-12-31 2021-12-31
INNOVATION WORKS II K-1 LTCG P 2021-12-31 2021-12-31
SINOVATION FUND III K-1 LTCL P 2021-12-31 2021-12-31
ICON VENTURES V K-1 LTCL P 2021-12-31 2021-12-31
HV HOLTZBRINCK VII K-1 LTCG P 2021-12-31 2021-12-31
HV HOLTZBRINCK CO INVEST FEEDER LTCG P 2021-12-31 2021-12-31
HV HOLTZBRINCK VI K-1 LTCL P 2021-12-31 2021-12-31
HV HOLTZBRINCK VENTURE V K-1 LTCG P 2021-12-31 2021-12-31
ALEPH II K-1 LTCG P 2021-12-31 2021-12-31
HILLHOUSE FUND IV K-1 LTCG P 2021-12-31 2021-12-31
HIGHLAND EUROPE GROWTH K-1 LTCG P 2021-12-31 2021-12-31
GREYCROFT IV K-1 LTCG P 2021-12-31 2021-12-31
GREYCROFT III K-1 LTCG P 2021-12-31 2021-12-31
GEF AFRICA K-1 LTCL P 2021-12-31 2021-12-31
FOUNDERS FUND VII K-1 LTCG P 2021-12-31 2021-12-31
FOUNDERS FUND VI K-1 LTCG P 2021-12-31 2021-12-31
FOUNDER FUND V LTCG P 2021-12-31 2021-12-31
FOUNDATION CAITAL LTCG P 2021-12-31 2021-12-31
FORMATION8 PARTNERS II K-1 LTCG P 2021-12-31 2021-12-31
FORMATION8 PARTNERS I K-1 LTCL P 2021-12-31 2021-12-31
FLAGSHIP VENTURE V K-1 LTCL P 2021-12-31 2021-12-31
FIRSTMARK OF II K-1 LTCG P 2021-12-31 2021-12-31
FIRSTMARK CAPITAL IV K-1 LTCG P 2021-12-31 2021-12-31
FIRSTMARK CAPITAL III K-1 LTCG P 2021-12-31 2021-12-31
ENCAP ENERGY K-1 LTCG P 2021-12-31 2021-12-31
ECLIPSE FUND II K-1 LTCL P 2021-12-31 2021-12-31
DOEMMEKRAFT K-1 LTCG P 2021-12-31 2021-12-31
DISCERENE K-1 LTCG P 2021-12-31 2021-12-31
THRESHOLD VENTURE II K-1 LTCG P 2021-12-31 2021-12-31
THRESHOLD VENTURE I K-1 LTCG P 2021-12-31 2021-12-31
DENHAM K-1 LTCL P 2021-12-31 2021-12-31
BIOTRACK CAPITAL K-1 LTCG P 2021-12-31 2021-12-31
BATTERY VENTURES XI-A LP LTCG P 2021-12-31 2021-12-31
BATTERY VENTURES XI-A SIDE FUND LTCG P 2021-12-31 2021-12-31
BATTERY VENTURES XI-A SIDE FUND AIV LTCL P 2021-12-31 2021-12-31
BATTERY VENTURES XI-A AIV LTCL P 2021-12-31 2021-12-31
BATTERY X SIDE FUND K-1 LTCG P 2021-12-31 2021-12-31
BATTERY VENTURES X K-1 LTCG P 2021-12-31 2021-12-31
ATLAS VENTURES FUND X K-1 LTCG P 2021-12-31 2021-12-31
ATLAS VENTURE IX K-1 LTCG P 2021-12-31 2021-12-31
ARCH VENTURE FUND X OVERAGE K-1 LTCL P 2021-12-31 2021-12-31
ARCH VENTURE FUND X LP K-1 LTCL P 2021-12-31 2021-12-31
ARCH VENTURE IX LP K-1 LTCG P 2021-12-31 2021-12-31
ARC ENERGY K-1 LTCL P 2021-12-31 2021-12-31
ANNAPOLIS VII K-1 LTCG P 2021-12-31 2021-12-31
ANNAPOLIS VI K-1 LTCG P 2021-12-31 2021-12-31
ALPINA K-1 LTCG P 2021-12-31 2021-12-31
ALEPH LP K-1 LTCG P 2021-12-31 2021-12-31
AIRDRIE LP K-1 LTCG P 2021-12-31 2021-12-31
ACCOMPLICE LTCG P 2021-12-31 2021-12-31
SUSTAINABLE ASSET FUND SECTION 1231 GAIN P 2021-12-31 2021-12-31
BATTERY VENTURES XI-A SIDE FUND SECTION 1231 P 2021-12-31 2021-12-31
NCH NEW EUROPE SECTION 1231 GAIN P 2021-12-31 2021-12-31
LEGACY VENTURES SECTION 1231 LOSS P 2021-12-31 2021-12-31
ENCAP FLATROCK MIDSTREAM III K-1 SECTION 1231 P 2021-12-31 2021-12-31
ENCAP ENERGY SECTION 1231 LOSS P 2021-12-31 2021-12-31
BAUPOST SECTION 1231 GAIN P 2021-12-31 2021-12-31
BATTERY XI-A LP SECTION 1231 P 2021-12-31 2021-12-31
SAF HOLDINGS LLC SECTION 1231 P 2021-12-31 2021-12-31
SUSTAINABLE ASSET FUND II SECTION 1256 GAIN P 2021-12-31 2021-12-31
SAF II INTERESTS LLC K-1 SECTION 1256 P 2021-12-31 2021-12-31
AETOS CAPITAL K-1 SECTION 1256 P 2021-12-31 2021-12-31
BAUPOST K-1 SECTION 1256 P 2021-12-31 2021-12-31
DISCERENE K-1 SECTION 1256 P 2021-12-31 2021-12-31
(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 3,168   3,168 0
b 10,922   10,922 0
c 61,012   61,012 0
d 26,118,634   26,118,634 0
e 1,115,772   1,115,772 0
320,966   320,966 0
144,940   144,940 0
5,228   5,228 0
107,410,039     107,410,039
68,805     68,805
      -25,121,658
95,668     95,668
5,206,126     5,206,126
179,255     179,255
383,397     383,397
      0
      -420
38,490     38,490
1,008,610     1,008,610
2,707     2,707
424     424
875     875
2     2
634     634
671     671
672,112     672,112
      -36,087
278,028     278,028
91,547     91,547
      -435,490
95,928     95,928
3,308     3,308
4,661     4,661
      -11
      -169
      -12
      -583
      -803
2,815     2,815
22,260     22,260
453     453
      -58,164
13,761     13,761
      -20,211
43,135     43,135
1,056     1,056
3,388     3,388
374,636     374,636
631,793     631,793
      -1,859
20,141     20,141
      -5
201     201
      -272,629
      -174,877
      -865
39,764     39,764
68     68
60,827     60,827
18,736     18,736
61,277     61,277
8,142     8,142
3,317     3,317
      -2,672
337,140     337,140
      -685
103,886     103,886
25,139     25,139
194,007     194,007
4,462,668     4,462,668
89,122     89,122
614,337     614,337
4,806     4,806
      -208,405
      -519,788
2,968,331     2,968,331
10,538     10,538
7,021     7,021
281,747     281,747
138,410     138,410
69,352     69,352
319,270     319,270
2,559,481     2,559,481
866,501     866,501
664,191     664,191
140,529     140,529
847,529     847,529
7,581     7,581
364,357     364,357
      -5,380
867,729     867,729
2,690     2,690
4,902,153     4,902,153
      -49,780
452,754     452,754
      -200,067
4,503,216     4,503,216
167,647     167,647
1,818,358     1,818,358
      -48,846
27,220     27,220
      -1,590
      -1,009
1,151,342     1,151,342
      -18,707
787,772     787,772
      -1,787
1,089,793     1,089,793
2,074,705     2,074,705
2,091,565     2,091,565
      -69,806
582,974     582,974
      -86,951
      -313,858
80,762     80,762
3,473,714     3,473,714
      -108,409
11,963,931     11,963,931
73,223     73,223
208,688     208,688
1,258,120     1,258,120
259,338     259,338
286,479     286,479
      -58,915
18,945     18,945
282,316     282,316
2,366,827     2,366,827
3,095,468     3,095,468
185,107     185,107
      -102,112
      -180,681
496,958     496,958
118,358     118,358
1,981,632     1,981,632
83,720     83,720
      -29,552
6     6
94,204     94,204
229,143     229,143
473,874     473,874
      -1,290
132,456     132,456
1,142,243     1,142,243
882,986     882,986
      -449
      -553
104,428     104,428
469,718     469,718
66,295     66,295
3,455,359     3,455,359
      -9,605
      -5,370
929,166     929,166
      -1,339,477
57,231     57,231
2,040,951     2,040,951
322,775     322,775
499,505     499,505
130,887     130,887
97,771     97,771
732,484     732,484
      -7
185,946     185,946
      -5,229
211,426     211,426
      -102,545
309,093     309,093
      -8
459     459
21,065     21,065
9,056     9,056
      -66,056
101,728     101,728
2,341     2,341
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       0
b       0
c       0
d       0
e       0
      0
      0
      0
      107,410,039
      68,805
      -25,121,658
      95,668
      5,206,126
      179,255
      383,397
      0
      -420
      38,490
      1,008,610
      2,707
      424
      875
      2
      634
      671
      672,112
      -36,087
      278,028
      91,547
      -435,490
      95,928
      3,308
      4,661
      -11
      -169
      -12
      -583
      -803
      2,815
      22,260
      453
      -58,164
      13,761
      -20,211
      43,135
      1,056
      3,388
      374,636
      631,793
      -1,859
      20,141
      -5
      201
      -272,629
      -174,877
      -865
      39,764
      68
      60,827
      18,736
      61,277
      8,142
      3,317
      -2,672
      337,140
      -685
      103,886
      25,139
      194,007
      4,462,668
      89,122
      614,337
      4,806
      -208,405
      -519,788
      2,968,331
      10,538
      7,021
      281,747
      138,410
      69,352
      319,270
      2,559,481
      866,501
      664,191
      140,529
      847,529
      7,581
      364,357
      -5,380
      867,729
      2,690
      4,902,153
      -49,780
      452,754
      -200,067
      4,503,216
      167,647
      1,818,358
      -48,846
      27,220
      -1,590
      -1,009
      1,151,342
      -18,707
      787,772
      -1,787
      1,089,793
      2,074,705
      2,091,565
      -69,806
      582,974
      -86,951
      -313,858
      80,762
      3,473,714
      -108,409
      11,963,931
      73,223
      208,688
      1,258,120
      259,338
      286,479
      -58,915
      18,945
      282,316
      2,366,827
      3,095,468
      185,107
      -102,112
      -180,681
      496,958
      118,358
      1,981,632
      83,720
      -29,552
      6
      94,204
      229,143
      473,874
      -1,290
      132,456
      1,142,243
      882,986
      -449
      -553
      104,428
      469,718
      66,295
      3,455,359
      -9,605
      -5,370
      929,166
      -1,339,477
      57,231
      2,040,951
      322,775
      499,505
      130,887
      97,771
      732,484
      -7
      185,946
      -5,229
      211,426
      -102,545
      309,093
      -8
      459
      21,065
      9,056
      -66,056
      101,728
      2,341
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 2 161,715,668
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 2,160,674
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 2,160,674
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 1,678,438
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,000,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,678,438
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 10 517,764
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet517,764 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    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.GRANTHAMFOUNDATION.ORG
    14
    The books are in care ofbulletJEREMY GRANTHAM Telephone no.bullet (617) 346-7500

    Located atbullet40 ROWES WHARFBOSTONMA ZIP+4bullet02110
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
    Yes
     
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JEREMY GRANTHAM TRUSTEE
    5.00     		0 0 0
    C/O GMO 40 ROWES WHARF
    BOSTON,MA02110
    HANNELORE GRANTHAM TRUSTEE
    5.00     		0 0 0
    71 MT VERNON STREET
    BOSTON,MA02108
    OLIVER GRANTHAM TRUSTEE
    0.10     		0 0 0
    1644 GREAT HIGHWAY
    SAN FRANCISCO,CA94122
    RUPERT GRANTHAM TRUSTEE
    0.10     		0 0 0
    16N MULLEN HILL ROAD
    WESTPORT,MA02790
    ISABEL GRANTHAM RAPPOPORT TRUSTEE
    0.10     		0 0 0
    42 IVALOO STREET
    SOMERVILLE,MA02143
    RAMSAY RAVENEL PRESIDENT
    40.00     		0 0 0
    C/O GMO 40 ROWES WHARF
    BOSTON,MA02110
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    CAMBRIDGE ASSOCIATES CONSULTING 1,690,409
    100 SUMMER STREET
    BOSTON,MA02110
    RAPHAEL AND RAPHAEL LLP ACCOUNTING AND TAX SERVICES 78,000
    52 CHURCH STREET
    BOSTON,MA02116
    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
    11,470,842
    b
    Average of monthly cash balances.......................
    1b
    133,374,147
    c
    Fair market value of all other assets (see instructions)................
    1c
    859,813,672
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,004,658,661
    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
    1,004,658,661
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    15,069,880
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    989,588,781
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    49,479,439
    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
    49,479,439
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    2,160,674
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,160,674
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    47,318,765
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    47,318,765
    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
    47,318,765
    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 47,318,765
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 33,984,254
    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......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 35,220,762
    a Applied to 2020, but not more than line 2a 33,984,254
    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..... 1,236,508
    e Remaining amount distributed out of corpus 0
    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 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 ..........     		46,082,257
    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).)
    JEREMY GRANTHAM
    HANNELORE GRANTHAM
    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
    350 ORG
    20 JAY STREET SUITE 732
    BROOKLYN,NY11201     		N/A PC CLIMATE & ENERGY OUTREACH 300,000
    ACADIA CENTER
    8 SUMMER STREET
    ROCKPORT,ME04856     		N/A PC CLIMATE & ENERGY POLICY 8,000
    ADVANCED ENERGY ECONOMY
    1010 VERMONT AVE NW SUITE 1050
    WASHINGTON DC,DC20005     		N/A PC PUBLIC UNTILITY COMMISSIONER ID AND EDUCATION 250,000
    AMERICAN ACADEMY OF ARTS
    136 IRVING ST
    CAMBRIDGE,MA02138     		N/A PC COMMISSION ON ACCELERATING ACTION ON CLIMATE CHANGE 250,000
    CALIFORNIA INSTITUTE OF TECHNOLOGY
    1200 E CALIFORNIA BLVD
    PASADENA,CA91125     		N/A PC JESS ADKINS CARBON MINERALIZATION PROJECT 2,000,000
    CAMBRIDGE IN AMERICA
    PO BOX 9123 JAF BLG
    NEW YORK,NY10087     		N/A PC CLIMATE SCIENCE & POLICY RESEARCH 166,667
    CARBON MAPPER
    12 S RAYMOND AVE SUITE B
    PASADENA,CA91105     		N/A PC NASA-JPL/PLANET HIGH RES METHANE MONITORING 2,000,000
    CARBON TRACKER INITIATIVE
    300 PARK AVENUE 12TH FLOOR
    NEW YORK,NY10022     		N/A PC CLIMATE & ENERGY TRANSITION RESEARCH AND ANALYSIS TARGETING CAPITAL MARKET AUDIENCES 400,000
    CERES INC
    99 CHAUNCY STREET 6TH FLOOR
    BOSTON,MA02111     		N/A PC CLIMATE & ENERGY OUTREACH 215,000
    CLIENTEARTH USA INC
    125 PARK AVENUE 26TH FLOOR
    NEW YORK,NY10017     		N/A PC CLIMATE SMART AGRICULTURE POLICY IN EU AND ENERGY TRANSITION IN ASIA 2,500,000
    CLIMATE CENTRAL
    ONE PALMER SQUARE STE 402
    PRINCETON,NJ08542     		N/A PC CLIMATE SCIENCE & POLICY RESEARCH ON EXTREME WEATHER EVENT ATTRIBUTION 50,000
    CLIMATE SCIENCE LEGAL DEFENSE FUND
    475 RIVERSIDE DRIVE SUITE 244
    NEW YORK,NY10115     		N/A PC CLIMATE & ENERGY OUTREACH 10,000
    CLIMATEWORKS FOUNDATION
    235 MONTGOMERY ST STE 1300
    SAN FRANCISCO,CA94104     		N/A PC CLIMATE & ENERGY POLICY 1,425,000
    COLORADO STATE UNIVERSITY
    POBOX 1870
    FORT COLLINS,CO80523     		N/A UNIVERSITY MICROBIAL ENHANCEMENT OF SOIL CARBON SEQUESTRATION 750,000
    COLUMBIA UNIVERSITY
    622 WEST 113TH STREET MAIL CODE
    4524
    NEW YORK,NY10025     		N/A PC JAMES HANSEN INSTITUTE ON CLIMATE SCIENCE & POLICY RESEARCH. 90,000
    COMMUNITY FOUNDATION OF SOUTHEASTERN MA
    128 UNION STREET SUITE 403
    NEW BEDFORD,MA02740     		N/A PC COMMUNITY ENVIRONMENTAL PROGRAMS 15,000
    CONSERVATION LAW FOUNDATION
    62 SUMMER STREET
    BOSTON,MA02110     		N/A PC CLIMATE & ENERGY POLICY 250,000
    DUKE UNIVERSITY
    ALUMNI DEVELOPMENT RECORDS
    DURHAM,NC27708     		N/A UNIVERSITY PEAT FOREST CARBON SEQUESTRATION RESEARCH 175,000
    EARTH INNOVATION INSTITUTE
    PO BOX 2739
    BERKELEY,CA94702     		N/A PC GUIDING BRAZILIAN GOVERNMENT ON AMAZON CONSERVATION 100,000
    ENERGY FOUNDATION
    301 BATTERY STREET 5TH FLOOR
    SAN FRANCISCO,CA94111     		N/A PC CLIMATE & ENERGY OUTREACH 759,259
    ENVIRONMENTAL DEFENSE FUND INCORPORATED
    257 PARK AVENUE SOUTH 17TH FLOOR
    NEW YORK,NY10010     		N/A PC MOMS CLEAN AIR FORCE 1,200,000
    ENVIRONMENTAL LEAGUE OF MASSACHUSETTS INC
    15 COURT SQUARE SUITE 1000
    BOSTON,MA02108     		N/A PC CLIMATE & ENERGY POLICY 70,000
    GLOBAL WITNESS
    1100 17TH STREET NW SUITE 501
    WASHINGTON,DC20036     		N/A PC FOSSIL FUEL INVESTIGATIVE WORK ON CORRUPTION 250,000
    GREENPEACE
    3804 SE BELMONT STREET
    PORTLAND,OR97214     		N/A PC ASIA CLIMATE PROGRAM AND GENERAL SUPPORT 400,000
    HEALTH IN HARMONY INC
    3804 SE BELMONT STREET
    PORTLAND,OR97214     		N/A PC RAINFOREST CONSERVATION IN BORNEO VIA COMMUNITY HEALTH CARE ACCESS 100,000
    INDIAN INSTITUTE OF SCIENCE
    897 INDEPENDENCE AVE STE 4C
    MOUNTAIN VIEW,CA94043     		N/A PC CLIMATE SCIENCE & POLICY RESEARCH. 600,000
    INNOVATION NETWORK
    156 GROVER LANCE
    TAMWORTH,NH03886     		N/A PC BOSTON GREEN RIBBON COMMISSION PROGRAM SUPPORT 50,000
    LINDEN TRUST FOR CONSERVATION
    156 WEST 56TH STREET SUITE 1100
    NEW YORK,NY10019     		N/A POF CLIMATE & ENERGY POLICY ON CARBON TAX 887,500
    LOST LIGHTS PROJECTS INC
    16 COURT STREET SUITE 2307
    BROOKLYN,NY11241     		N/A PC ENVIRONMENTAL MEDIA 300,000
    MERIDIAN INSTITUTE
    PO BOX 1829
    DILLON,CO80435     		N/A PC CLIMATE FOOD AND AG DIALOGUE 50,000
    METAFOUNDATION
    8726 S SEPULVEDA BOULEVARD SUITE D
    612
    LOS ANGELES,CA90045     		N/A PC POST-CARBON INSTITUTE RESEARCH AND OUTREACH 85,000
    NATIONAL ACADEMY OF MEDICINE
    500 FIFTH STREET NW
    WASHINGTON DC,DC20001     		N/A PC GRAND CHALLENGE ON HUMAN HEALTH AND CLIMATE CHANGE 250,000
    NEW ENGLAND FORESTRY FOUNDATION
    32 FOSTER STREET
    LITTLETON,MA01460     		N/A PC BUILD WOOD CAMPAIGN 50,000
    NEXTGEN CLIMATE AMERICAN INC
    111 SUTTER STREET 10TH FLOOR
    SAN FRANCISCO,CA94104     		N/A PC YOUTH VOTER REGISTRATION 200,000
    OXFAM AMERICA INC
    226 CAUSEWAY STREET 5TH FLOOR
    BOSTON,MA02114     		N/A PC CLIMATE & ENERGY POLICY ON ALTERNATIVES TO COAL 50,000
    POTENTIAL ENERGY COALITION
    477 MADISON AVE
    NEW YORK,NY10022     		N/A PC CLIMATE & ENERGY OUTREACH 750,000
    PUBLIC HEALTH WATCH
    52 WHITE MAGNOLIA CIR
    AUSTIN,TX78734     		N/A PC HEALTH EDUCATION 50,000
    RAINFOREST ACTION NETWORK
    425 BUSH STREET STE 300
    SAN FRANCISCO,CA94108     		N/A PC CLIMATE & ENERGY OUTREACH 50,000
    RENSSELEAR POLYTECHNIC INSTITUTE
    110 8TH ST
    TROY,NY12180     		N/A PC SUSTAINABILITY RESEARCH ON CONTRACEPTIVE VACCINE 350,000
    ROCKEFELLER FAMILY FUND (DAF)
    475 RIVERSIDE DRIVE SUITE 900
    NEW YORK,NY10115     		N/A PC CLIMATE & ENERGY OUTREACH 1,500,000
    RODALE INSTITUTE
    611 SIEGFRIEDALE RD
    KUTZTOWN,PA19530     		N/A PC RESEARCH ON HEALTH BENEFITS OF ORGANIC FOOD 250,000
    SIERRA CLUB
    2101 WEBSTER STREET SUITE 1300
    OAKLAND,CA94612     		N/A PC CLIMATE & ENERGY OUTREACH 100,000
    STICHTING EUROPEAN CLIMATE FOUNDATION
    RIVIERVISMARKT 52513 AM
    DEN HAAG   2513 AM
    NL     		N/A FOREIGN CHARITY CLIMATE & ENERGY OUTREACH 900,000
    STICHTING SED FUND
    FLUWELEN BURGWAL 58
    CJ DEN HAAG   2511
    NL     		N/A FOREIGN CHARITY CLIMATE & ENERGY OUTREACH ON INDIA CLIMATE 2,866,667
    STITCHING SOIL HEROES FOUNDATION
    STOUGJESDIJK 168
    MIJNSHEERENLAND   3271
    NL     		N/A FOREIGN CHARITY REGENERATIVE AGRICULTURE AND PODCASTING 39,367
    THE RESEARCH FOUNDATION
    2316 E MEYER BOULEVARD
    KANSAS CITY,MO64132     		N/A PC HEALTH EDUCATION 1,600,000
    UNION OF CONCERNED SCIENTISTS INC
    2 BRATTLE SQUARE 6TH FLOOR
    CAMBRIDGE,MA02138     		N/A PC CLIMATE ACCOUNTABILITY PROGRAM 750,000
    UNIVERSITY OF BRITISH COLUMBIA
    2386 EAST MALL
    VANCOUVER,BRITISH COLUMBIA  
    CA     		N/A FOREIGN UNIVERSITY CLIMATE SCIENCE & POLICY RESEARCH 900,000
    UNIVERSITY OF CALIFORNIA LOS ANGELES
    5151 STATE UNIVERSITY DRIVE ADM 809
    LOS ANGELES,CA90032     		N/A PC SINGLE STEP CARBON SEQUESTRATION AND STORAGE PROJECT, SEAWATER MINERALIZATION, AND FOREST CARBON MONITORING AND VERIFICATION 3,985,000
    UNIVERSITY OF GLASGOW
    1725 I ST NW SUITE 300
    WASHINGTON DC,DC20006     		N/A FOREIGN UNIVERSITY MISSION ZERO TECHNOLOGIES AND LOW ENERGY CATALYTIC DAC PROJECT 132,017
    UNIVERSITY OF MICHIGAN
    500 S STATE ST
    ANN ARBOR,MI48109     		N/A UNIVERSITY CARBON REMOVAL AND UTILIZATION 300,000
    UNIVERSITY OF SHEFFIELD
    WESTERN BANK
    SHEFFIELD,SOUTH YORKSHIRES10 2TN
    UK     		N/A FOREIGN UNIVERSITY GRANTHAM CENTRE FOR SUSTAINABLE FUTURES 1,101,616
    VIRGINIA ORGANIZING
    703 CONCORD AVENUE
    CHARLOTTESVILLE,VA22903     		N/A PC ENVIRONMENTAL EDUCATION 37,880
    WGBH EDUCATIONAL FOUNDATION
    ONE GUEST STREET
    BOSTON,MA02135     		N/A PC ENVIRONMENTAL JOURNALISM 50,000
    WHITEHEAD INSTITUTE
    9 CAMBRIDGE CENTER
    CAMBRIDGE,MA02142     		N/A PC BIOLOGICAL RESEARCH ON PLANT ROOTS AND CARBON SEQUESTRATION 1,250,000
    WILD AID
    44 MONTGOMERY STREET SUITE 300
    SAN FRANCISCO,CA94111     		N/A PC ENVIRONMENTAL MEDIA ON ENVIRONMENTAL PUBLIC SERVICE ANNOUCEMENTS IN CHINA AND NIGERIA 500,000
    WOODWELL CLIMATE RESEARCH
    149 WOODS HOLE ROAD
    FALMOUTH,MA02540     		N/A PC CLIMATE SCIENCE & POLICY RESEARCH 20,000
    WORLD MEDIA
    PO BOX 990007 PRUDENTIAL STATION
    BOSTON,MA02199     		N/A PC ENVIRONMENTAL JOURNALISM 70,000
    YALE UNIVERSITY DEVELOPMENT
    POBOX 2038
    NEW HAVEN,CT06521     		N/A PC CLIMATE DEVELOPMENT AND RESEARCH VIA WASTEWATER MINERALIZATION AND DAC TESTING 1,100,000
    YALE UNIVERSITY
    POBOX 2038
    NEW HAVEN,CT06521     		N/A UNIVERSITY CLIMATE & ENERGY OUTREACH 200,000
    Total .................................bullet 3a 35,108,973
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 2,193  
    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 ............     		900001 27,780,642 14 92,350,081  
    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) .. 31,706,771 97,225,525 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    128,932,296
    (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
    GRANTHAM FOUNDATION FOR THE PROTECTION
    OF THE ENVIRONMENT
    Employer identification number

    04-6856456
    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
    GRANTHAM FOUNDATION FOR THE PROTECTION
    OF THE ENVIRONMENT         		Employer identification number
    04-6856456
    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
    R JEREMY GRANTHAM
    71 MOUNT VERNON STREET
     
    BOSTON, MA02108

    		$ 81,225,504


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    ARJUN DIVECHA
    1612 BRET HARTE ROAD
     
    BERKELEY, CA94708

    		$ 300,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    GRANTHAM FOUNDATION FOR THE PROTECTION
    OF THE ENVIRONMENT         		Employer identification number

    04-6856456
    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
    1
    		 DONATION OF 3,227,133 SHARES IN QUANTUMSCAPE CORP $ 81,225,504 2021-05-17
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    GRANTHAM FOUNDATION FOR THE PROTECTION
    OF THE ENVIRONMENT         		Employer identification number

    04-6856456
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 78,000 39,000   39,000

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BERKELEY ENERGY WIND MAURITIUS LTD 2,452,453 364,029
    CHALKSTREAM INVESTMENT FUND (INTERNATIONAL),LTD 1,104,016 3,136,125
    ELLIOTT INTERNATIONAL LIMITED 2,203,366 8,649,544
    INDIGO TECHNOLOGIES INC 2,250,000 2,250,000
    LILAC SOLUTIONS INC 1,699,990 1,699,990
    NUCLEUS SCIENTIFIC 6,064,219 6,064,219
    OAKTREE POWER OPPORTUNITIES FUND III (CAYMAN), L.P. 1,500,552 72,662
    ORION MINE FINANCE (BERMUDA) FUND I LP 4,025,220 4,149,489
    SBC CAYMAN FUND II, LP 4,535,275 483,509
    VIR BIOTECHNOLOGY INC 23,494 218,603
    QUANTUMSCAPE CORP 3,769,481 3,328,500
    ACV AUCTIONS INC 10,883 742,880
    BEIGENE LIMITED 127,651 97,059
    RECURSION PHARMACEUTICALS 43,277 1,043,851
    HB11 ENERGY 189,140 189,140

    TY 2021 InvestmentsOtherSchedule2
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACCOMPLICE FUND I LP AT COST 3,247,800 15,826,498
    ACRE VENTURE PARTNERS II LP AT COST 1,759,106 3,110,889
    ACRE VENTURE PARTNERS SPV LP AT COST 2,044,106 3,068,627
    AFRICA FORESTRY FUND II LIMITED AT COST 323,102 339,144
    AFRICA SUSTAINABLE FORESTRY PARTNERS II LLC AT COST 46,932 46,932
    AIRDRIE PARTNERS I LP AT COST 16,232,381 1,205,558
    ALEPH LP AT COST 2,565,151 7,385,437
    ALEPH II LP AT COST 3,020,159 8,217,232
    ALEPH III LP AT COST 2,049,163 2,515,020
    ALPINA PARTNERS FUND LP AT COST 1,722,175 2,064,751
    ANNAPOLIS INVESTMENT (US) LIMITED PARTNERSHIP VI AT COST 5,101,073 1,603,487
    ANNAPOLIS INVESTMENT (US) LIMITED PARTNERSHIP VII AT COST 2,386,012 2,100,621
    ARC ENERGY FUND 7 US LIMITED PARTNERSHIP AT COST 5,238,144 8,890,609
    ARCH VENTURE FUND IX LP AT COST 3,090,881 10,591,549
    ARCH VENTURE FUND X LP AT COST 1,111,754 2,930,408
    ARCH VENTURE FUND X OVERAGE LP AT COST 1,213,313 3,168,802
    ARTIMAN VENTURES 2014 LP AT COST 2,917,800 9,863,139
    ARTIMAN VENTURES SELECT 2014 LP AT COST 1,530,702 1,758,519
    ARTIMAN VENTURES SPECIAL OPPORTUNITIES FUND LP AT COST 1,683,904 0
    ASF BELGIUM SPRL AT COST 5,621,414 5,621,414
    ATLAS VENTURE FUND IX LP AT COST 3,654,342 15,102,765
    ATLAS VENTURE FUND X LP AT COST 4,058,522 11,248,559
    BATTERY VENTURES X LP AT COST 2,134,108 5,274,986
    BATTERY VENTURES X AIV I LP AT COST 142,412 352,019
    BATTERY VENTURES X SIDE FUND LP AT COST 673,493 1,111,894
    BATTERY VENTURES X SIDE FUND AIV I LP AT COST 136,708 225,696
    BATTERY VENTURES XI-A LP AT COST 2,610,689 10,597,714
    BATTERY VENTURES XI-A SIDE FUND AIV LP AT COST 314,119 1,883,367
    BATTERY VENTURES XI-A AIV LP AT COST 1,074,796 4,362,356
    BATTERY VENTURES XI-A SIDE FUND LP AT COST 1,016,495 6,097,002
    BAUPOST VALUE PARTNERS, L.P. - III AT COST 4,809,102 5,661,099
    BIOTRACK CAPITAL FUND I LP AT COST 2,325,256 3,581,503
    CLEAN ENERGY VENTURE FUND I LP AT COST 817,550 1,291,683
    CRITERION AFRICA PARTNERS AT COST 1,000,033 1,000,003
    DEEP VALLEY PARTNERS LP AT COST 699,974 679,813
    DENHAM COMMODITY PARTNERS FUND VI-A LP AT COST 3,383,301 3,087,286
    THRESHOLD VENTURES I LP (DFJ VENTURE XI, L.P.) AT COST 1,982,207 10,239,096
    THRESHOLD VENTURES II (DFJ VENTURE XII, L.P.) AT COST 2,275,827 9,368,192
    DOEMMEKRAFT FUND LP AT COST 9,885,328 8,490,804
    ECLIPSE CONTINUITY FUND I, LP AT COST 741,151 1,803,340
    ECLIPSE FUND II, LP AT COST 1,583,316 5,077,295
    ECLIPSE FUND III LP AT COST 1,760,684 4,656,323
    ENCAP ENERGY CAPITAL FUND IX, LP AT COST 2,919,072 3,631,244
    ENCAP FLATROCK MIDSTREAM FUND III, LP AT COST 2,509,321 6,932,560
    FIRST MARK CAPITAL III LP AT COST 3,125,414 21,042,948
    FIRST MARK CAPITAL IV LP AT COST 1,875,335 8,390,450
    FIRST MARK CAPITAL V LP AT COST 1,123,778 1,779,249
    FIRSTMARK CAPITAL OF II, LP AT COST 2,135,522 8,144,823
    FIRSTMARK CAPITAL OF III, LP AT COST 1,042,419 1,574,193
    FLAGSHIP VENTURES FUND V, L.P. AT COST 4,282,393 18,557,692
    FLAGSHIP PIONEERING FUND VI LP AT COST 3,779,865 19,042,947
    FLAGSHIP PIONEERING FUND VII LP AT COST 464,981 718,239
    FORMATION8 PARTNERS FUND I LP AT COST 2,366,381 6,953,773
    FORMATION8 PARTNERS FUND II LP AT COST 3,167,074 11,101,778
    FOUNDATION CAPITAL VIII LP AT COST 2,542,883 28,836,585
    THE FOUNDERS FUND V, LP AT COST 3,404,139 17,547,858
    THE FOUNDERS FUND VI, LP AT COST 4,932,445 17,867,061
    THE FOUNDERS FUND VII LP AT COST 3,978,621 8,302,121
    GEF AFRICA SUSTAINABLE FORESTRY FUND, LP AT COST 1,457,132 1,539,757
    GENAGRO LTD AT COST 222,566 0
    GMO MUTUAL FUNDS AT COST 284,576 286,070
    GREYCROFT PARTNERS III, LP AT COST 1,417,631 8,292,091
    GREYCROFT PARTNERS IV, LP AT COST 2,661,860 10,178,032
    HIGHLAND EUROPE TECHNOLOGY GROWTH LP AT COST 4,343,768 13,941,807
    HIGHLAND EUROPE TECHNOLOGY GROWTH II LP AT COST 3,131,877 14,310,854
    HIGHLAND EUROPE TECHNOLOGY GROWTH III LP AT COST 2,614,635 5,395,806
    HILLHOUSE FUND IV LP AT COST 1,944,290 2,687,950
    HV HOLTZBRINCK VENTURES FUND VII FEEDER LIMITED AT COST 1,701,557 4,102,885
    HV HOLTZBRINCK VENTURES FUND V FEEDER LIMITED AT COST 8,155,042 5,711,264
    HV HOLTZBRINCK VENTURES CO-INVEST I FEEDER LIMITED AT COST 2,654,212 2,248,021
    HV HOLTZBRINCK VENTURES FUND VI SCS AT COST 3,460,273 7,213,266
    ICON VENTURES V, L.P. AT COST 1,895,616 3,381,309
    INNOVATION WORKS DEVELOPMENT FUND II, L.P. AT COST 2,461,841 5,700,911
    LAKESTAR II LP AT COST 3,742,155 13,640,803
    LEGACY VENTURE IV, LLC AT COST 2,453,228 5,024,790
    LIGHTSPEED VENTURE PARTNERS XI LP AT COST 2,780,835 10,038,827
    LIGHTSPEED VENTURE PARTNERS SELECT, L.P. AT COST 878,322 3,266,671
    LIGHTSPEED VENTURE PARTNERS X, LP AT COST 3,523,864 22,026,950
    LIGHTSPEED VENTURE PARTNERS SELECT II, L.P AT COST 805,110 2,252,789
    LONGWOOD FUND III LP AT COST 1,949,857 1,983,189
    LONGWOOD FUND II LP AT COST 686,780 1,109,086
    LUX VENTURES III, LP AT COST 1,272,577 5,464,821
    LUX VENTURES IV LP AT COST 3,347,252 13,384,604
    LUX VENTURES V LP AT COST 3,494,831 11,853,466
    LUX VENTURES VI LP AT COST 3,241,140 4,733,307
    MISSIONPOINT AEROFARMS COINVEST FUND, LP AT COST 464,604 2,201,597
    MP STARLING IMPACT HOLDINGS LLC AT COST 200,260 200,260
    MUCKER III, L.P. AT COST 2,036,453 13,799,927
    NCH NEW EUROPE PROPERTY FUND II, L.P. AT COST 11,038,233 6,366,095
    OVERLOOK 3G INVESTMENTS, L.P. AT COST 2,891,387 4,553,738
    THE OVERLOOK PARTNERS FUND L.P. AT COST 7,559,392 10,627,609
    OWL VENTURES AT COST 2,088,316 13,293,823
    PACIFIC ROAD RESOURCES FUND II L.P. AT COST 2,997,661 1,647,444
    PATAGONIA SUR LLC AT COST 108,456 108,451
    RENEWABLE ENERGY ASIA FUND LP AT COST 1,284,893 273,678
    RENEWABLE ENERGY ASIA FUND II LP AT COST 2,639,878 3,283,193
    RINCON VENTURE PARTNERS III, L.P. AT COST 2,309,069 7,560,093
    RIVA CAPITAL PARTNERS II LP AT COST 6,854 0
    SAF II INTERESTS LLC AT COST 855,862 1,026,263
    SINOVATION FUND III, L.P. AT COST 2,787,646 9,179,247
    SINOVATION FUND IV, L.P. AT COST 3,862,147 6,793,073
    SILVER LAKE KRAFTWERK FUND, L.P. AT COST 1,297,383 1,130,137
    SILVER LAKE KRAFTWERK FUND CAYMAN, L.P. AT COST 1,484,723 1,653,563
    SUSA VENTURES I, L.P. AT COST 876,232 1,709,999
    SUSA VENTURES II, L.P. AT COST 2,465,547 10,055,432
    SUSA VENTURES III, L.P. AT COST 1,457,048 2,839,317
    SUSTAINABLE ASSET FUND I LP AT COST 13,666,743 31,882,498
    SUSTAINABLE ASSET FUND II LP AT COST 1,985,673 2,389,361
    TARA INDIA FUND III, LLC AT COST 5,165,065 85,565
    TECHNOLOGY IMPACT FUND LP AT COST 3,874,239 13,106,246
    THE ENGINE ACCELERATOR FUND I, L.P. AT COST 1,448,759 3,881,707
    THIRD ROCK VENTURES III, L.P. AT COST 2,362,540 3,987,046
    CA RESOURCES FUND (US TAX EXEMPT) LP THIRD ROCK IV AT COST 3,274,567 5,391,318
    CA RESOURCES FUND- SERIES THIRD ROCK VENTURES V AT COST 2,532,495 2,673,987
    THRIVE CAPITAL PARTNERS III, L.P. AT COST 1,870,953 12,602,631
    THRIVE CAPITAL PARTNERS IV AND SUPPLEMENTAL FUND, LP AT COST 2,449,278 18,877,869
    THRIVE CAPITAL PARTNERS V, L.P. AT COST 2,814,840 8,935,944
    THRIVE CAPITAL PARTNERS VI L.P. AT COST 924,506 2,693,874
    THRIVE CAPITAL PARTNERS VI GROWTH LP AT COST 1,833,778 3,660,724
    TRIBECA VENTURE FUND I, L.P. AT COST 1,638,361 3,825,904
    TRIBECA VENTURE FUND II, L.P. AT COST 2,602,739 8,025,704
    UNDERSCORE.VC FUND I, L.P. AT COST 2,071,874 4,207,817
    XPV WATER FUND II LIMITED PARTNERSHIP AT COST 1,536,829 5,520,961
    ENCAP FLATROCK MIDSTREAM FUND III (CAYMAN) LP AT COST 290,209 290,209
    AETOS CAPITAL OPPORTUNUTIES FUND AT COST 11,881,537 16,717,982
    LOWERCARBON 419.1 LP AT COST 209,616 209,012
    LOWERCARBON 411.2 LP AT COST 775,499 812,299
    TECHNOLOGY IMPACT GROWTH FUND II DIRECT STRATEGIES AT COST 4,000,000 3,997,515
    HILLHOUSE CLIMATE FUND LP AT COST 619,394 606,592
    THE ENGINE FOLLOW-ON FUND I LP AT COST 673,653 673,636
    KALEIDOSCOPE FRACTUAL OFFSHORE FUND AT COST 16,000,000 15,418,114
    TECHOLOGY IMPACT GROWTH FUND II LP AT COST 664,265 653,391
    CARBON MINERALS AT COST 1,500,000 1,500,000
    SAGACIA FUND LP AT COST 1,017,229 1,019,349
    RENAISSANCE INSTITUTIONAL EQUITIES FUND LLC AT COST 15,047 896,563
    SAF HOLDINGS LLC AT COST 45 45

    TY 2021 LegalFeesSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 36,161 0   36,161


    TY 2021 OtherAssetsSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DISTRIBUTION RECEIVABLE FROM LIMITED PARTNERSHIPS 7,460,753 0 0
    ACCRUED INTEREST ON PROMISSORY NOTE 77,683 140,291 140,291
    WITHHOLDING RECEIVABLE   1,218,127 1,218,127
    RECEIVABLE FROM RELATED PARTY   200,000 200,000


    TY 2021 OtherExpensesSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS 188 0   0
    NONDEDUCTIBLE EXPENSES FROM PASSTHROUGH ENTITIES 165,077 0   0
    PATENT EXPENSE 30,291 0   30,291


    TY 2021 OtherIncomeSchedule2
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME FROM PASSTHROUGH ENTITIES 2,021,084 2,021,084 2,021,084
    UBI FROM PASSTHROUGH ENTITIES 3,921,544 0 3,921,544
    MISCELLANEOUS INCOME 591 591 591


    TY 2021 OtherLiabilitiesSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Description Beginning of Year - Book Value End of Year - Book Value
    OPEN TRADE EQUITY -FUTURES ACCOUNTS 2,907,222 6,768,973
    ANNAPOLIS PAYABLE 0 1,481,597


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY FEES 1,828,859 1,828,859   0
    PORTFOLIO FEES FROM K-1 INVESTMENTS 8,117,142 7,446,892   0


    TY 2021 TaxesSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX EXPENSE 1,500,000 0   0
    FOREIGN TAXES FROM PASSTHROUGH ENTITIES 428,665 428,665   0
    FOREIGN TAXES 28,532 28,532   0
    ANNUAL FEES 1,000 0   1,000