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
W Clement & Jessie V Stone Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)70 E Lake Street 1020
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chicago, IL60601
A Employer identification number

36-2498125
B Telephone number (see instructions)

(312) 366-2263
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$136,594,815J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,303,728 2,534,774  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 6,475,906
b Gross sales price for all assets on line 6a 42,333,548
7 Capital gain net income (from Part IV, line 2)... 10,567,135
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment 8,609 397,989 0
12 Total. Add lines 1 through 11........ 7,788,243 13,499,898 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 223,848     223,848
14 Other employee salaries and wages...... 317,913     318,638
15 Pension plans, employee benefits....... 214,596     214,169
16a Legal fees (attach schedule)......... Click to see attachment 653 0 0 653
b Accounting fees (attach schedule)....... Click to see attachment 97,140 22,893 0 34,101
c Other professional fees (attach schedule).... Click to see attachment 236,170 236,170 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,745 121,778 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 37,521     37,521
21 Travel, conferences, and meetings....... 9,844     59,007
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 39,065 1,265,267 0 16,357
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,181,495 1,646,108 0 904,294
25 Contributions, gifts, grants paid....... 5,070,517 5,027,950
26 Total expenses and disbursements. Add lines 24 and 25 6,252,012 1,646,108 0 5,932,244
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,536,231
b Net investment income (if negative, enter -0-) 11,853,790
c Adjusted net income (if negative, enter -0-)... 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............. 566,502 566,104 566,104
2 Savings and temporary cash investments......... 3,911,215 3,626,680 3,626,680
3 Accounts receivable bullet201,155
Less: allowance for doubtful accounts bullet   133,450 201,155 201,155
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) bullet0
Less: allowance for doubtful accounts bullet0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 96,928 39,218 39,218
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 27,867,912 Click to see attachment30,196,182 30,196,182
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 87,929,603 Click to see attachment101,965,476 101,965,476
14 Land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 120,505,610 136,594,815 136,594,815
Liabilities 17 Accounts payable and accrued expenses.......... 118,801 79,317
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe bullet) Click to see attachment625,006 Click to see attachment442,187
23 Total liabilities (add lines 17 through 22)......... 743,807 521,504
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........... 119,761,803 136,073,311
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 119,761,803 136,073,311
30 Total liabilities and net assets/fund balances (see instructions). 120,505,610 136,594,815
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
119,761,803
2
Enter amount from Part I, line 27a .....................
2
1,536,231
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
14,842,638
4
Add lines 1, 2, and 3 ..........................
4
136,140,672
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
67,361
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
136,073,311
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 Sales of securities P    
b CAPITAL GAIN FROM SCHEDULES K-1 P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 33,543,340   32,678,929 864,411
b 9,702,724     9,702,724
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a     0 864,411
b     0 9,702,724
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 10,567,135
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 0
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  
3 Add lines 1 and 2........................... 3 164,768
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- ..... 5 164,768
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 157,395
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 167,395
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,627
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet2,627 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletCA, IL
    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.WCSTONEFND.ORG
    14
    The books are in care ofbulletSteven M Stone Telephone no.bullet (312) 366-2263

    Located atbullet70 E LAKE STREET SUITE 1020CHICAGOIL ZIP+4bullet60601
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    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
    SANDRA STONE Board Member, President Emerita
    1.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    STEVEN M STONE JD 1st VP & Treasurer
    6.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    MICHAEL A STONE VP, Asst Treasurer & Secretary
    2.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    Amy Stone President & Chair
    2.000     		0 0 0
    70 E Lake Street
    Suite 1020
    Chicago,IL60601
    CHAD TINGLEY Vice President
    2.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    DAVID STONE Board Member
    1.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    DEBORAH STONE Board Member
    1.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    JEFFREY STONE Board Member
    1.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    JENNIFER STONE Board Member
    1.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    SARA STONE Vice President
    2.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    BARBARA WEST STONE Board Member
    1.000     		0 0 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    SARA R SLAUGHTER EXECUTIVE DIRECTOR
    40.000     		223,848 75,431 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    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
    PAMELA CALVERT DIR. OF FINANCE/OPS.
    40.000     		125,043 40,615 0
    70 E Lake Street
    Chicago,IL60601
    BRANDON THORNE SR. PROGRAM OFFICER
    40.000     		107,172 33,819 0
    70 E Lake Street
    Chicago,IL60601
    BRIAN K DIXON Grant Man/Prgrm Off.
    40.000     		85,845 26,259 0
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    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 INVESTMENT SERVICES 236,168
    2730 SAND HILL ROAD STE 300
    MENLO PARK,CA94025
    Crowe LLP Audit and Tax Services 59,247
    225 West Wacker Drive
    Suite 2600
    Chicago,IL606061224
    Total number of others receiving over $50,000 for professional services.............bullet2
    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
    32,329,075
    b
    Average of monthly cash balances.......................
    1b
    1,827,045
    c
    Fair market value of all other assets (see instructions)................
    1c
    101,034,897
    d
    Total (add lines 1a, b, and c).........................
    1d
    135,191,017
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    135,191,017
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,027,865
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    133,163,152
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    6,658,158
    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
    6,658,158
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    164,768
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    164,768
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,493,390
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    6,493,390
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    6,493,390
    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 6,493,390
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 967,956
    b Total for prior years:2019, 2018, 2017 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 0
    b From 2017...... 0
    c From 2018...... 0
    d From 2019...... 0
    e From 2020...... 0
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 5,932,244
    a Applied to 2020, but not more than line 2a 967,956
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 4,964,288
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021.   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......     		 
    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 ..........     		1,529,102
    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.... 0
    b Excess from 2018.... 0
    c Excess from 2019.... 0
    d Excess from 2020.... 0
    e Excess from 2021.... 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    BRIAN DIXON
    70 E LAKE STREET SUITE 1020
    CHICAGO,IL60601
    (312) 366-2263
    bThe form in which applications should be submitted and information and materials they should include:
    A BUDGET FOR THE ORGANIZATION OR PROJECT; A LIST OF THE BOARD OF DIRECTORS, THEIR TITLE AND EMPLOYER; IRS NOTICE OF TAX-EXEMPT STATUS; IRS NOTICE THAT ORGANIZATION IS A PUBLIC CHARITY UNDER IRS 509 (A) (1); A COPY OF THE ORGANIZATION'S ANNUAL AUDITED FINANCIAL STATEMENTS.
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE RECIPIENT ORGANIZATION MUST BE RECOGNIZED AS A PUBLIC CHARITY UNDER IRC 509(A)(1).
    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
    Accelerate Institute
    833 W Jackson Blvd Suite 800
    Chicago,IL60607     		N/A PC Alain Locke Charter School 10,000
    Acton-Boxborough United Way
    PO Box 2258 537 Massachusetts Avenu
    e
    Acton,MA01720     		N/A PC General Operating Support 2,000
    Advance Illinois
    303 E Wacker Drive Suite 1925
    Chicago,IL60601     		N/A PC General Operating Support 70,000
    Advocate Charitable Foundation
    3075 Highland Parkway Suite 600
    Downers Grove,IL60515     		N/A PC Advocate Healthy Steps Chicago Metro South 60,000
    Advocate Charitable Foundation
    3075 Highland Parkway Suite 600
    Downers Grove,IL60515     		N/A PC Illinois Masonic Medical Center President's fund 3,000
    Alchemy Inc
    PO Box 4041
    Akron,OH44321     		N/A PC General Operating Support 7,500
    All Chicago
    651 W Washington Blvd Suite 504
    Chicago,IL60661     		N/A PC Youth Action Board 50,000
    Aurora University
    347 South Gladstone Avenue
    Aurora,IL60506     		N/A PC George Williams College 1,000
    Bank Street College of Education
    610 W 112th Street
    New York,NY10025     		N/A PC TESOL Residency Program 60,000
    Bend the Arc A Jewish Partnership for Justice
    330 7th Ave 19th Floor
    New York,NY10001     		N/A PC General Operating Support 100,000
    Board Of Trustees Of Illinois State University
    Campus Box 3040
    Normal,IL617903040     		N/A PC Sustaining LEAD Hubs 50,000
    BPE
    27-43 Wormwood Street Suite 110
    Boston,MA02210     		N/A PC General Operating Support 90,000
    California Youth Connection
    1311 63rd Street Suite A
    Emeryville,CA94608     		N/A PC General Operating Support 80,000
    Californians for Justice Education Fund
    1961 Las Plumas Avenue
    San Jose,CA95133     		N/A PC General Operating Support 100,000
    Center for Collaborative Education
    33 Harrison Avenue 6th Floor
    Boston,MA02111     		N/A PC Advocacy Campaign to Support Student-Centered Learning and Assessment in Massachusetts 70,000
    Chicago Freedom School
    719 South State Street 4th Floor
    Chicago,IL60605     		N/A PC NorthStar Liberatory Education Collective 40,000
    Chicago Public Education Fund
    200 West Adams Suite 2150
    Chicago,IL60606     		N/A PC General Operating Support 50,000
    Child Care Services Association
    PO Box 901
    Chapel Hill,NC27514     		N/A PC General Operating Support 50,000
    Children Now
    1404 Franklin Street Suite 700
    Oakland,CA94612     		N/A PC Early Education Advocacy 85,000
    Chinese Progressive Association
    1042 Grant Ave 5th Floor
    San Francisco,CA94133     		N/A PC General Operating Support 10,000
    Coaches Across Continents
    35 Myrtle Street
    Watertown,MA02472     		N/A PC General Operating Support 3,000
    Coleman Advocates for Children & Youth
    459 Vienna Street
    San Francisco,CA94112     		N/A PC Stone Leaders for Change 10,000
    Coleman Advocates for Children & Youth
    459 Vienna Street
    San Francisco,CA94112     		N/A PC General Operating Support 105,000
    Communities United
    4749 N Kedzie Ave
    Chicago,IL60625     		N/A PC Advancing Safe, inclusive, and Supportive Learning Environments in in Chicago Public Schools 20,000
    Communities United
    4749 N Kedzie Ave
    Chicago,IL60625     		N/A PC General Operating Support 150,000
    CORO NEW YORK LEADERSHIP CENTER
    42 Broadway Suite 2001
    NEW YORK,NY100041617     		N/A PC Youth Leadership Development Programs 50,000
    Council for a Strong America
    1212 New York Ave NW Suite 300
    Washington,DC20005     		N/A PC Fight Crime: Invest in Kids and ReadyNation 50,000
    Council for a Strong America
    1212 New York Ave NW Suite 300
    Washington,DC20005     		N/A PC Strategic Communications Campaign 20,000
    DRUM Desis Rising Up and Moving Inc
    72-18 Roosevelt Avenue
    Jackson Heights,NY11372     		N/A PC General Operating Support 60,000
    Educare Central Maine
    56 Drummond Ave
    Waterville,ME04901     		N/A PC General Operating Support 1,500
    Education Law Center
    1800 JFK Boulevard Suite 1900A
    Philadelphia,PA19103     		N/A PC General Operating Support 40,000
    EMBARC Inc
    PO Box 221450
    Chicago,IL60622     		N/A PC General Operating Support 5,000
    Environmental Law and Policy Center of the Midwest
    35 East Wacker Drive
    Chicago,IL60601     		N/A PC General Operating Support 5,000
    Erikson Institute
    451 N LaSalle Street
    Chicago,IL60654     		N/A PC Erikson Institute's Early Teaching and Learning Academy and Policy and Leadership Department 140,000
    Erikson Institute
    451 N LaSalle Street
    Chicago,IL60654     		N/A PC Erikson Institute Multilingual Credential Implementation 20,000
    First Up
    1608 Walnut Street Suite 300
    Philadelphia,PA19103     		N/A PC General Operating Support 50,000
    Forefront
    C/O FBRK Impact House 200 W Madison
    St 2nd Floor
    Chicago,IL60606     		N/A PC General Operating Support 7,150
    Forefront
    C/O FBRK Impact House 200 W Madison
    St 2nd Floor
    Chicago,IL60606     		N/A PC Illinois Black Advocacy Initiative 65,000
    Fund for the City of New York
    520 Eighth Avenue 18th Floor
    New York,NY10018     		N/A PC Youth Justice Board 2021-2022 50,000
    Grantmakers for Education
    861 SW 6th Avenue Suite 350
    Portland,OR97204     		N/A PC General Operating Support 2,200
    Gulf of Maine Research Institute
    350 Commercial Street
    Portland,ME04101     		N/A PC Education Program-Lab Ventures 2,500
    HealthConnect One
    227 W Monroe Street Suite 2100
    Chicago,IL60606     		N/A PC Advocacy for Birth Equity 40,000
    HealthConnect One
    227 W Monroe Street Suite 2100
    Chicago,IL60606     		N/A PC Providing Access to COVID-19 and the Associated Vaccination for Birthing Families 10,000
    Household Goods Acton Massachusetts
    530 Main Street
    Action,MA01720     		N/A PC General Operating Support 2,000
    Hurricane Island Outward Bound School
    PO BOX 800
    Camden,ME04843     		N/A PC Casco Bay High School Leadership Fund 3,500
    Illinois Action for Children
    4753 N Broadway Street Suite 1200
    Chicago,IL60640     		N/A PC General Operating Support 80,000
    Illinois Action for Children
    4753 N Broadway Street Suite 1200
    Chicago,IL60640     		N/A PC Early Childhood Educator Workforce Solutions 20,000
    Internationals Network for Public Schools
    50 Broadway Suite 1601
    New York,NY10004     		N/A PC General Operating Support 120,000
    Internationals Network for Public Schools
    50 Broadway Suite 1601
    New York,NY10004     		N/A PC Recovery and Renewal for Multilingual Learners: Impacts and Innovations to Inform Re-Opening 20,000
    Invisible Institute
    6100 S Blackstone Ave
    Chicago,IL60637     		N/A PC General Operating Support 5,000
    Jumpstart for Young Children
    308 Congress Street 6th Floor
    Boston,MA02210     		N/A PC Building a High-Quality Early Educator Pipeline 40,000
    Juvenile Law Center
    1800 JFK Boulevard Suite 1900B
    Philadelphia,PA19103     		N/A PC Youth Engagement Digital Toolkit 85,000
    Juvenile Protection Association
    1707 N Halsted Street
    Chicago,IL60614     		N/A PC General Operating Support 5,000
    Latino Policy Forum
    180 N Michigan Avenue Ste 1250
    Chicago,IL60601     		N/A PC General Operating Support 60,000
    Learning Policy Institute
    1530 Page Mill Road Suite 200
    Palo Alto,CA94304     		N/A PC For continued development and implementation of the Education Preparatory Laboratory (EdPrepLab) Edu 70,000
    Learning Policy Institute
    1530 Page Mill Road Suite 200
    Palo Alto,CA94304     		N/A PC California Shared Learning Initiative 60,000
    Lymphoma Research Foundation
    Wall Street Plaza 88 Pine Street Su
    ite 2400
    New York,NY10005     		N/A PC General Operating Support 7,000
    Make the Road New York
    301 Grove Street
    Brooklyn,NY11237     		N/A PC General Operating Support 60,000
    Mikva Challenge Grant Foundation Inc
    200 S Michigan Ave Suite 1000
    Chicago,IL60604     		N/A PC Mikva Challenge Citywide Youth Council Program 60,000
    Mikva Challenge Grant Foundation Inc
    200 S Michigan Ave Suite 1000
    Chicago,IL60604     		N/A PC Stone Leaders for Change 10,000
    National Public Education Support Fund
    1900 L Street NW Suite 520
    Washington,DC20036     		N/A PC General Operating Support 5,000
    National Association for the Education of Young Children
    1313 L Street NW Suite 500
    Washington,DC20005     		N/A PC Advancing Early Childhood Higher Education Quality 50,000
    National Center for Family Philanthropy
    1667 K Street NW 550
    Washington,DC20006     		N/A PC General Operating Support 2,400
    National Center for Teacher Residencies
    1332 North Halsted St Suite 304
    Chicago,IL60642     		N/A PC NCTR BEI Research 70,000
    National Economic and Social Rights Initiative
    90 John Street Suite 501
    New York,NY10038     		N/A PC Dignity in Schools Campaign 40,000
    National Equity Project
    1720 Broadway 4th Floor
    Oakland,CA94612     		N/A PC General Operating Support 130,000
    New America Foundation
    740 15th Street NW Suite 900
    Washington,DC20005     		N/A PC General Operating Support 80,000
    New Teacher Center
    110 Cooper Street Suite 500
    Santa Cruz,CA95060     		N/A PC General Operating Support 110,000
    New Venture Fund
    1828 L Street NW Suite 300A
    Washington,DC20036     		N/A PC Child Care for Every Family Network 60,000
    Oakland Kids First
    3700 E 12th Street Suite 3
    Oakland,CA94601     		N/A PC General Operating Support 70,000
    Oakland Kids First
    3700 E 12th Street Suite 3
    Oakland,CA94601     		N/A PC Stone Leaders for Change 10,000
    Olympia Snowe Women's Leadership Institute
    One Canal Plaza Suite 501
    Portland,ME04101     		N/A PC General Operating Support 2,500
    Pan-Mass Challenge
    77 4th Ave
    Needham,MA02494     		N/A PC General Operating Support 3,000
    ParentChild
    163B Mineola Boulevard
    Mineola,NY11501     		N/A PC General Operating Support 60,000
    Partners in School Innovation
    1060 Tennessee Street 2nd Floor
    San Francisco,CA94107     		N/A PC General Operating Support 100,000
    Pennsylvania Partnerships for Children
    200 North Third Street 13th Floor
    Harrisburg,PA171011589     		N/A PC General Operating Support 100,000
    Philadelphia Student Union
    501 S 52nd St Commercial Unit 1
    Philadelphia,PA19143     		N/A PC Fair Funding Campaign Awareness 10,000
    Philadelphia Student Union
    501 S 52nd St Commercial Unit 1
    Philadelphia,PA19143     		N/A PC General Operating Support 60,000
    Philanthropy New York
    320 East 43rd Street
    NEW YORK,NY10017     		N/A PC General Operating Support 1,200
    Philemon Foundation
    480 Avenue of the Americas No 125
    NEW YORK,NY10011     		N/A PC General Operating Support 2,500
    Pristine Mind Foundation
    61 Via Belardo 11
    Greenbrae,CA94904     		N/A PC General Operating Support 5,000
    Public Policy and Education Fund
    94 Central Avenue
    Albany,NY12206     		N/A PC School Funding Accountability 50,000
    Rainforest Foundation US
    1000 Dean Street Suite 430
    Brooklyn,NY11238     		N/A PC General Operating Support 10,000
    Rebuild Foundation
    6918 S Dorchester
    Chicago,IL60637     		N/A PC General Operating Support 10,000
    Regents of the University of California Los Angeles
    11000 Kinross Avenue Suite 102
    Los Angeles,CA90095     		N/A PC Cohort 18-Stone Scholars Scholarship Program 40,000
    Rennie Center for Education Research & Policy
    114 State Street 3rd Floor
    Boston,MA02109     		N/A PC Open Opportunity MA 20,000
    Rennie Center for Education Research & Policy
    114 State Street 3rd Floor
    Boston,MA02109     		N/A PC Advancing Social-Emotional Learning in Boston 70,000
    Research Foundation of the City University of New York
    16 Court Street 31st Floor
    Brooklyn,NY11241     		N/A PC General Operating Support 80,000
    Ryan Licht Sang Bipolar Foundation
    875 N Michigan Avenue Suite 3100
    Chicago,IL60611     		N/A PC General Operating Support 10,000
    RYSE Center
    205 41st Street
    Richmond,CA94805     		N/A PC Stone Leaders for Change 10,000
    RYSE Center
    205 41st Street
    Richmond,CA94805     		N/A PC General Operating Support 60,000
    Start Early
    33 West Monroe Suite 1200
    Chicago,IL60603     		N/A PC General Operating Support 115,000
    Start Early
    33 West Monroe Suite 1200
    Chicago,IL60603     		N/A PC Supporting Early Learning Efforts at the US Department of Education 20,000
    StormStrong Foundation
    55 Sunrise Drive
    Williston,VT05495     		N/A PC General Operating Support 3,000
    Strategies for Children
    400 Atlantic Avenue
    Boston,MA02110     		N/A PC General Operating Support 100,000
    Strategies for Children
    400 Atlantic Avenue
    Boston,MA02110     		N/A PC Speakers' Bureau: In Advocacy, Representation Matters 20,000
    Teach Plus Incorporated
    One Beacon Street 15th Floor Suite
    1500
    Boston,MA02108     		N/A PC General Operating Support 70,000
    The Education Trust
    1501 K Street NW Suite 200
    Washington,DC20005     		N/A PC Addressing Inequities in Massachusetts' School System 70,000
    The Leadership Academy
    45-18 Court Square 2nd Floor
    Long Island City,NY11101     		N/A PC General Operating Support 50,000
    The Regents of the University of California
    1608 Fourth Street Suite 220
    Berkeley,CA94720     		N/A PC General Operating Support 100,000
    Third Sector New England
    89 South Street Suite 700
    Boston,MA02111     		N/A PC General Operating Support 60,000
    US Soccer
    1801 S Prairie Ave
    Chicago,IL60616     		N/A PC U.S. Soccer Development Fund 6,000
    UCSF Foundation
    2001 The Embarcadero 3rd Floor
    San Francisco,CA94133     		N/A PC Infectious Diseases 5,000
    University Community Collaborative
    Temple University Gladfelter Hall R
    oom 428 1115 Pollett Way
    Philadelphia,PA191226089     		N/A PC Youth Leadership Development 40,000
    University of Chicago
    1313 E 60th Street
    Chicago,IL60637     		N/A PC Urban Teacher Education Program 50,000
    University of Colorado Denver
    13001 East 17th Place Room W1124
    Aurora,CO80045     		N/A PC Peer-to-Peer: P-3 in Principal Preparation Programs 50,000
    University of Illinois at Chicago
    1040 West Harrison Street
    Chicago,IL60607     		N/A PC Coaching & Data Systems Support 90,000
    University of Illinois at Chicago
    1040 West Harrison Street
    Chicago,IL60607     		N/A PC Stone Foundation Fellowship in Early Childhood Development Leadership 40,000
    Youth Communication
    242 W 38th St 6th Floor
    New York,NY10018     		N/A PC General Operating Support 50,000
    Youth Leadership Institute
    209 Ninth St Suite 200
    San Francisco,CA94103     		N/A PC Calafia Fellowship 40,000
    Youth Radio
    1701 Broadway Avenue
    Oakland,CA94612     		N/A PC General Operating Support 50,000
    Youth United for Change
    520 N Columbus Blvd Suite 205
    Philadelphia,PA19123     		N/A PC General Operating Support 60,000
    National Public Education Support Fund
    1900 L Street NW Suite 520
    Washington,DC20005     		N/A PC General Operating Support 5,000
    Total .................................bullet 3a 5,027,950
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 6,475,906  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aROYALTIES     		    14 8,609  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 7,788,243 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,788,243
    (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: 21014044
    Software Version: 2021v4.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND AUDIT FEES 64,193 6,419   34,101
    TAX PREPARATION 32,947 16,474    

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

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    SALES OF SECURITIES   P     33,543,340 32,678,929     864,411  
    CAPITAL GAIN FROM SCHEDULES K-1   P     5,611,495       5,611,495  

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Fixed Income Funds 16,758,617 16,758,617
    Mutual Funds 11,368,144 11,368,144
    Global Equity Funds 2,069,421 2,069,421

    TY 2021 InvestmentsOtherSchedule2
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Alternative Investments FMV 101,965,476 101,965,476

    TY 2021 LegalFeesSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal fees 653     653


    TY 2021 OtherDecreasesSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Amount
    Unrealized loss 67,361


    TY 2021 OtherExpensesSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Information Technology 28,131     12,067
    OFFICE SUPPLIES AND POSTAGE 2,288      
    PAYROLL SERVICES 3,528      
    FILING FEES 141      
    INSURANCE 2,994     2,840
    BANK SERVICE CHARGES 534      
    MEMBERSHIP/ASSOCIATIONS 1,449     1,450
    OTHER EXPENSES FROM K-1   1,265,267    


    TY 2021 OtherIncomeSchedule2
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTIES 8,609 8,609  
    PARTNERSHIP INCOME FROM K-1 0 389,380  


    TY 2021 OtherIncreasesSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Amount
    Unrealized gain 14,842,638


    TY 2021 OtherLiabilitiesSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Beginning of Year - Book Value End of Year - Book Value
    Deferred Excise Taxes 625,006 442,187


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 236,170 236,170    


    TY 2021 TaxesSchedule
    Name:
    W Clement & Jessie V Stone Foundation
    EIN:
    36-2498125
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 4,745 121,778