Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE BADER FAMILY FOUNDATION
 
% HANS BADER
Number and street (or P.O. box number if mail is not delivered to street address)C/O FLSV LLP1475 FRANKLIN AVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GARDEN CITY, NY11530
A Employer identification number

27-6359747
B Telephone number (see instructions)

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$88,949,989J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 52,588 52,588  
4 Dividends and interest from securities... 1,278,664 1,278,664  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,877,333
b Gross sales price for all assets on line 6a 17,766,381
7 Capital gain net income (from Part IV, line 2)... 1,877,334
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 -28,180 -28,180  
12 Total. Add lines 1 through 11........ 3,180,405 3,180,406  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 56,000      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 49,285 49,285 0 0
c Other professional fees (attach schedule).... Click to see attachment 7,190 7,190    
17 Interest............... 102 102    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 72,088 72,088    
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 377,454 377,454    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 562,119 506,119 0 0
25 Contributions, gifts, grants paid....... 4,746,000 4,746,000
26 Total expenses and disbursements. Add lines 24 and 25 5,308,119 506,119 0 4,746,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,127,714
b Net investment income (if negative, enter -0-) 2,674,287
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............. 6,923,623 7,925,270 7,925,270
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 70,836,505 Click to see attachment67,707,144 79,452,832
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)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,571,887 Click to see attachment1,571,887 Click to see attachment1,571,887
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 79,332,015 77,204,301 88,949,989
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
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 79,332,015 77,204,301
29 Total net assets or fund balances (see instructions)..... 79,332,015 77,204,301
30 Total liabilities and net assets/fund balances (see instructions). 79,332,015 77,204,301
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
79,332,015
2
Enter amount from Part I, line 27a .....................
2
-2,127,714
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
77,204,301
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
77,204,301
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 INTERACTIVE BROKERS ST COVER P    
b INTERACTIVE BROKERS LT COVER P    
c AUERBACH GRAYSON ST COVER P    
d AUERBACH GRAYSON LT COVER P    
e AUERBACH GRAYSON LT NON COVER P    
LSV SPECIAL OPP FUN III LTD P    
475,481 SHS OF PREN P    
EIGHT AFRICA FUND I P    
VISON FCVS PB FUND P    
INTERACTIVE BROKERAS-SEC1256 P    
SIERRA CAPITAL INVESTMENTS LP P    
LSV IV P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,130,231   2,741,513 418,364
b 1,493,771   1,296,877 232,072
c 2,496,056   1,658,983 837,073
d 8,131,689   8,039,278 92,411
e 1,299,164   355,946 943,218
49,231   17,723 31,508
502,699   348,866 153,833
0   75,830 -75,830
1,646   30,702 -29,056
0   340,314 -340,314
41,818   1,047,839 -1,006,021
620,076     620,076
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       388,718
b       196,894
c       837,073
d       92,411
e       943,218
      31,508
      153,833
      -75,830
      -29,056
      -340,314
      -1,006,021
      620,076
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 1,877,334
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  
3 Add lines 1 and 2........................... 3 37,173
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 37,173
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 31,798
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 56,798
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 19,625
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet19,625 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? Click to see attachment....................
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 changesClick to see attachment....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.Click to see attachment
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)
    bulletTX
    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
    Yes
     
    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 addressbulletN/A
    14
    The books are in care ofbulletHANS BADER Telephone no.bullet (516) 874-8800

    Located atbulletC/O FLSV LLP 1475 FRANKLIN AVENUEGARDEN CITYNY ZIP+4bullet11530
    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? .................
    16Yes  
    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
     
     
    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
     
     
    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
     
     
    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
    HANS BADER TRUSTEE
    0     		56,000 0 0
    C/O FLSV LLP
    1475 FRANKLIN AVENUE
    GARDEN CITY,NY11530
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    37,910,509
    b
    Average of monthly cash balances.......................
    1b
    9,768,165
    c
    Fair market value of all other assets (see instructions)................
    1c
    48,039,988
    d
    Total (add lines 1a, b, and c).........................
    1d
    95,718,662
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    95,718,662
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,435,780
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    94,282,882
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    4,714,144
    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
    4,714,144
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    37,173
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    37,173
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,676,971
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    4,676,971
    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
    4,676,971
    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 4,676,971
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 3,669,918
    b Total for prior years:2019, 2018, 2017  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020...... 0
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 4,746,000
    a Applied to 2020, but not more than line 2a 3,669,918
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 1,076,082
    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 ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		3,600,889
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    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.... 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.
    NA
    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:
    LARS BADER
    C/O FLSV LLP 1475 FRANKLIN AVENUE
    GARDEN CITY,NY11530
    (516) 874-8800
    bThe form in which applications should be submitted and information and materials they should include:
    N/A
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    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
    CENTER FOR INDIVIDUAL RIGHTS
    1100 CONNECTICUT AVENUE NW
    SUITE 625
    WASHINGTON,DC20036     		NONE PC GENERAL CHARITABLE CONTRIBUTION 365,000
    COMPETITIVE ENTERPRISE INSTITUTE
    1310 L STREET NW
    7TH FLOOR
    WASHINGTON,DC20005     		NONE PC GENERAL CHARITABLE CONTRIBUTION 21,000
    FOUNDATION FOR INDIVIDUAL RIGHTS IN EDUCATION
    510 WALNUT STREET SUITE 1250
    PHILADELPHIA,PA19106     		NONE PC GENERAL CHARITABLE CONTRIBUTION 225,000
    NATIONAL PARENTS ORGANIZATION
    716 BEACON STREET 590548
    NEWTON CENTRE,MA02459     		NONE PC GENERAL CHARITABLE CONTRIBUTION 255,000
    MOUNTAIN STATES LEGAL FOUNDATION
    2596 SOUTH LEWIS WAY
    LAKEWOOD,CO80227     		NONE PC GENERAL CHARITABLE CONTRIBUTION 40,000
    THE HERITAGE FOUNDATION
    214 MASSACHUSETTS AVENUE NE
    WASHINGTON,DC20002     		NONE PC GENERAL CHARITABLE CONTRIBUTION 60,000
    CENTER FOR EQUAL OPPORTUNITY
    7700 LEESBURG PIKE
    SUITE 231
    FALLS CHURCH,VA22043     		NONE PC GENERAL CHARITABLE CONTRIBUTION 85,000
    PACIFIC LEGAL FOUNDATION
    930 G STREET
    SACRAMENTO,CA95814     		NONE PC GENERAL CHARITABLE CONTRIBUTION 165,000
    MANHATTAN INSTITUTE FOR POLICY RESEARCH
    52 VANDERBILT AVENUE
    NEW YORK,NY10017     		NONE PC GENERAL CHARITABLE CONTRIBUTION 205,000
    AMERICAN ENTERPRISE INSTITUTE
    1150 SEVENTEENTH STREET NW
    WASHINGTON,DC20036     		NONE PC GENERAL CHARITABLE CONTRIBUTION 72,000
    CRIMINAL JUSTICE LEGAL FOUNDATION
    2131 L STREET
    SACRAMENTO,CA95816     		NONE PC GENERAL CHARITABLE CONTRIBUTION 240,000
    NATIONAL ASSOCIATION OF SCHOLARS
    420 MADISON AVENUE
    7TH FLOOR
    NEW YORK,NY10017     		NONE PC GENERAL CHARITABLE CONTRIBUTION 30,000
    PUBLIC INTEREST LEGAL FOUNDATION
    32 E WASHINGTON ST SUITE 1675
    INDIANAPOLIS,IN46204     		NONE PC GENERAL CHARITABLE CONTRIBUTION 25,000
    STUDENT FREE PRESS ASSOCIATION
    PO BOX 76
    HILLSDALE,MI49242     		NONE PC GENERAL CHARITABLE CONTRIBUTION 25,000
    CENTER OF THE AMERICAN EXPERIMENT
    8421 WAYZATA BOULEVARD
    SUITE 110
    GOLDEN VALLEY,MN55462     		NONE PC GENERAL CHARITABLE CONTRIBUTION 30,000
    JAMES G MARTIN CENTER FOR ACADEMIC RENEWAL
    353 E SIX FORKS ROAD
    SUITE 200
    RALEIGH,NC27609     		NONE PC GENERAL CHARITABLE CONTRIBUTION 60,000
    GOLDWATER INSTITUTE
    500 EAST CORONADO ROAD
    PHOENIX,AZ85004     		NONE PC GENERAL CHARITABLE CONTRIBUTION 18,000
    NATIONAL LEGAL AND POLICY CENTER
    107 PARK WASHINGTON COURT
    FALLS CHURCH,VA22046     		NONE PC CHARITABLE CONTRIBUTION 10,000
    PROJECT ON FAIR REPRESENTATION
    2200 WILSON BLVD
    SUITE 102-13
    ARLINGTON,VA22201     		NONE PC GENERAL CHARITABLE CONTRIBUTION 188,000
    SPEECH FIRST
    1300 I ST NW
    SUITE 400E
    WASHINGTON,DC20005     		NONE PC GENERAL CHARITABLE CONTRIBUTION 298,000
    WISCONSIN INSTITUTE FOR LAW AND LIBERTY
    330 EAST KILBOURN AVENUE
    SUITE 725
    MILWAUKEE,WI532023141     		NONE PC GENERAL CHARITABLE CONTRIBUTION 335,000
    BECKET FUND FOR RELIGIOUS LIBERTY
    1200 NEW HAMPSHIRE AVE NW
    SUITE 700
    WASHINGTON,DC20036     		NONE PC CHARITABLE CONTRITBUION 200,000
    ALLIANCE DEFENDING FREEDOM
    15100 N 90TH STREET
    SCOTTSDALE,AZ85260     		NONE PC CHARITABLE CONTRIBUTION 200,000
    CENTER FOR PROSECUTOR INTEGRITY
    PO BOX 1221
    ROCKVILLE,MD20849     		NONE PC CHARITABLE CONTRIBUTION 100,000
    FAMILY REUINION
    10030 SCENIC VIEW TERRACE
    VIENNA,VA22182     		NONE PC CHARITABLE CONTRIBUTION 650,000
    FOUNDATION FOR ECONOMIC EDUCATION
    1819 PEACHTREE ROAD NE
    SUITE 300
    ATLANTA,GA30309     		NONE PC CHARITABLE CONTRIBUTION 10,000
    HAMILTON LINCOLN LAW INSTITUTE
    1629 K STREET NW
    SUITE 300
    WASHINGTON,DC20006     		NONE PC CHARITABLE CONTRIBUTION 267,000
    LIBERTY JUSTICE CENTER
    190 SOUTH LASALLE STREET
    SUITE 1500
    CHICAGO,IL60603     		NONE PC CHARITABLE CONTRIBUTION 52,000
    REAL CLEAR FOUNDATION
    666 DUNDEE ROAD
    SUITE 600
    NORTHBROOK,IL60062     		NONE PC CHARITABLE CONTRIBUTION 25,000
    THOMAS JEFFERSON INSTITUTE FOR PUBLIC POLICY
    7011 DREAMS WAY COURT
    ALEXANDRIA,VA22315     		NONE PC CHARITABLE CONTRIBUTION 50,000
    LEADERSHIP INSTITUTE
    1101 NORTH HIGHLAND STREET
    ARLINGTON,VA22201     		NONE PC CHARITABLE CONTRIBUTION 23,000
    VIRGINIA VICTIM ASSISTANCE NETWORK
    8600 QUIOCCASIN ROAD
    SUITE 206
    RICHMOND,VA23229     		NONE PC CHARITABLE CONTRIBUTION 25,000
    AMERICAN CULTURE FOUNDATION
    190 S LASALLE ST
    NO 1500
    CHICAGO,IL60603     		NONE PC GENERAL CHARITABLE CONTRIBUTION 10,000
    DISCOVERY INSTITUTE
    208 COLUMBIA STREET
    SEATTLE,WA98104     		NONE PC CHARITABLE CONTRIBUTION 18,000
    NEW CIVIL LIBERTIES ALLIANCE
    1225 19TH STREET NW
    SUITE 450
    WASHINGTON,DC20056     		NONE PC CHARITABLE CONTRIBUTION 11,000
    PARENTS DEFENDING EDUCATION
    4532 LEE HWY 119
    ARLINGTON,VA22207     		NONE PC CHARIITABLE CONTRIBUTION 130,000
    SOUTHEASTERN LEGAL FOUNDATION
    560 W CROSSVILLE ROAD
    SUITE 104
    ROSWELL,GA30075     		NONE PC CHARITABLE CONTRIBUTION 70,000
    THE HERITAGE FOUNDATION
    PO BOX 2966
    THOMASVILLE,GA31799     		NONE PC CHARITATBLE CONTRIBUTION 8,000
    THOMAS B FORDHAM INSTITUTE
    1016 16TH STREET NW
    WASHINGTON,DC20036     		NONE PC CHARITABLE CONTRIBUTION 10,000
    UPPER MIDWEST LAW CENTER
    8421 WAYZATA BOULEVARD
    SUITE 300
    GOLDEN VALLEY,MN55426     		NONE PC CHARITABLE CONTRIBUTION 10,000
    THE REASON FOUNDATION
    5737 MESMER AVENUE
    LOS ANGELES,CA90230     		NONE PC CHARITABLE CONTRIBUTION 10,000
    CRACK'S PROJECT PREVENTION
    4311 SCHOOL HOUSE COMMONS BOX 255
    HARRISBURG,NC28075     		NONE PC CHARITABLE CONTRIBUTION 65,000
    GEORGE MASON UNIVERSITY FOUNDATION
    4400 UNIVERSITY DRIVE MSN 1A3
    FAIRFAX,VA22030     		NONE PC CHARITABLE CONTRIBUTION 50,000
    Total .................................bullet 3a 4,746,000
    bApproved for future payment
    Total .................................bullet 3b  
    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 52,588  
    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 1,877,333  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aIRC SECTION 988 GAIN/LOSS     		    18 -28,180  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   3,180,405  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,180,405
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE BADER FAMILY FOUNDATION
    EIN:
    27-6359747
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 49,285 49,285    

    TY 2021 AllOthProgRltdInvestmentsSch
    Name:
    THE BADER FAMILY FOUNDATION
    EIN:
    27-6359747
    Category Amount
    N/A  

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

    TY 2021 DepreciationSchedule
    Name:
    THE BADER FAMILY FOUNDATION
    EIN:
    27-6359747
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE BADER FAMILY FOUNDATION
    EIN:
    27-6359747
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AUERBACH GRAYSON 0015 30,536,508 25,813,129
    EMERGING VALUE OPPORTUNITIES 2,116,901 3,212,829
    LSV SPECIAL OPPORTUNITIES III 165,099 928,615
    ERSTE/BULL AND BEAR 2,253,215 788,249
    DENHOLM RUSSIA CLASS B & C 0 0
    JPMORGAN 1,239,279 0
    LSV SPECIAL OPPO FUND IV CL F 0 892,309
    VISION 30,946 1,002,879
    ADM GALLEUS 788 8,184
    DOUBLEBLUE ARGENTINA CONSUMER 889,013 198,065
    SIERRA CAPITAL INVESTMENTS LP 0 0
    GERIBA CREDIT OPPORTUNITIES 74,443 74,443
    LSV SPEC OPPS FUND V CL C 2,819,697 7,207,157
    LSV SPEC OPPS FUND V CL C JUNE 2,948,011 4,575,354
    LSV SPEC OPPS FUND V CL C FEB 4,444,957 6,722,951
    BTG PRACTUAL 2,308,960 3,344,187
    ANGION BIOMEDICA CORP 700,000 700,000
    STARBOARD SPECIAL SITUATIONS 2,493,582 4,652,481
    NEW GLOBE SCHOOLS 1,354,000 1,354,000
    INTERACTIVE BROKERS LLC 4,557,661 4,240,905
    8 MILES AFRICAN P/E FUND 0 3,566,893
    CAMPOSANTO I LP 147,596 147,596
    THRACIAN CAPITAL MGNT SEZC 74,806 74,806
    OCEAN CAPITAL LLC 2,500,000 2,426,848
    LSV SPEC OPPO FUND VI - CL A 2,513,499 2,774,543
    LSV SPEC OPPO FUND VI - CL Z 3,537,793 4,518,105
    WEISS KOREA OPPORTUNITY FUND 390 228,304

    TY 2021 OtherAssetsSchedule
    Name:
    THE BADER FAMILY FOUNDATION
    EIN:
    27-6359747
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DUE FROM INVESTMENTS 1,571,887 1,571,887 1,571,887


    TY 2021 OtherExpensesSchedule
    Name:
    THE BADER FAMILY FOUNDATION
    EIN:
    27-6359747
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEES 899 899    
    PORTFOLIO DEDUCTION THRU SIERR 1,170 1,170    
    PORTFOLIO DEDUCTION THRU COMPO 123,920 123,920    
    PORTFOLIO DEDUCTION THRU GERIB 11,247 11,247    
    PORTFOLIO DEDUCTION THRU WEISS 1,515 1,515    
    UNITED BANK FEE 610 610    
    ERSTE BANK FEE 1,008 1,008    
    AUERBACH GRAYSON BANK FEE 18,769 18,769    
    MANAGEMENT FEE - THRACIAN 78,000 78,000    
    MANAGEMENT FEE - INTERACTIVE 140,000 140,000    
    LICENSE FEE 316 316    


    TY 2021 OtherIncomeSchedule2
    Name:
    THE BADER FAMILY FOUNDATION
    EIN:
    27-6359747
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NET IRC SECTION 988 GAIN/LOSS -28,180 -28,180  


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE BADER FAMILY FOUNDATION
    EIN:
    27-6359747
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER FEES 7,190 7,190    


    TY 2021 TaxesSchedule
    Name:
    THE BADER FAMILY FOUNDATION
    EIN:
    27-6359747
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHOLDING 72,088 72,088