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
THIEL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)9200 SUNSET BLVD STE 1110
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WEST HOLLYWOOD, CA90069
A Employer identification number

20-3846597
B Telephone number (see instructions)

(323) 990-2000
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$31,743,585J 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 11 11 11
4 Dividends and interest from securities... 4,811 4,811 4,811
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -2,287,028
b Gross sales price for all assets on line 6a 8,130,245
7 Capital gain net income (from Part IV, line 2)...  
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 11,066,194 9,706,194 11,066,194
12 Total. Add lines 1 through 11........ 8,783,988 9,711,016 11,071,016
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 289,389 15,511   273,878
15 Pension plans, employee benefits....... 26,272 1,421   24,851
16a Legal fees (attach schedule)......... Click to see attachment 10,224 1,467   8,757
b Accounting fees (attach schedule)....... Click to see attachment 102,169 14,661   87,508
c Other professional fees (attach schedule).... Click to see attachment 631,778 90,124   541,654
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 164,512 308    
19 Depreciation (attach schedule) and depletion... Click to see attachment 998    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 49,661     49,661
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 288,307 105,945   182,362
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,563,310 229,437   1,168,671
25 Contributions, gifts, grants paid....... 12,150,000 9,803,000
26 Total expenses and disbursements. Add lines 24 and 25 13,713,310 229,437   10,971,671
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,929,322
b Net investment income (if negative, enter -0-) 9,481,579
c Adjusted net income (if negative, enter -0-)... 11,071,016
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............. 15,723,002 10,064,660 10,064,660
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   1,138,144    
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.......... 2,750 2,888 2,888
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......   Click to see attachment193,149 193,149
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet42,382
Less: accumulated depreciation (attach schedule) bullet38,891 576 Click to see attachment3,491 3,491
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 16,058,514 Click to see attachment21,472,374 21,472,374
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment7,023 Click to see attachment7,023 Click to see attachment7,023
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 32,930,009 31,743,585 31,743,585
Liabilities 17 Accounts payable and accrued expenses.......... 163,937 99,320
18 Grants payable................. 2,912,500 3,359,500
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment2,164 Click to see attachment157,164
23 Total liabilities (add lines 17 through 22)......... 3,078,601 3,615,984
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........... 29,851,408 28,127,601
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)..... 29,851,408 28,127,601
30 Total liabilities and net assets/fund balances (see instructions). 32,930,009 31,743,585
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
29,851,408
2
Enter amount from Part I, line 27a .....................
2
-4,929,322
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3,556,515
4
Add lines 1, 2, and 3 ..........................
4
28,478,601
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
351,000
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
28,127,601
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 MERRILL LYNCH P    
b MERRILL LYNCH LT 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 6,754,283   9,326,357 -2,572,074
b 1,375,962   1,090,916 285,046
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       -2,572,074
b       285,046
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 -2,287,028
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........................... 3 131,794
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- ..... 5 131,794
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 155,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 155,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 2,808
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 20,398
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet20,398 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? ....................
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.THIELFOUNDATION.ORG
    14
    The books are in care ofbulletTHE ORGANIZATION Telephone no.bullet (323) 990-2000

    Located atbullet9200 W SUNSET BLVDSUITE 1110WEST HOLLYWOODCA ZIP+4bullet90069
    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 bulletNZ
    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
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
    Yes
     
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    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
    PETER THIEL CHAIRMAIN OF
    2.00     		0 0 0
    9200 W SUNSET BLVD STE 1110
    WEST HOLLYWOOD,CA90069
    MATTHEW ALEXANDER TREASURER/SE
    1.00     		0 0 0
    9200 W SUNSET BLVD STE 1110
    WEST HOLLYWOOD,CA90069
    AJAY ROYAN DIRECTOR
    1.00     		0 0 0
    9200 W SUNSET BLVD STE 1110
    WEST HOLLYWOOD,CA90069
    SONIA ARRISON DIRECTOR
    1.00     		0 0 0
    9200 W SUNSET BLVD STE 1110
    WEST HOLLYWOOD,CA90069
    JASON CAMM DIRECTOR
    1.00     		0 0 0
    9200 W SUNSET BLVD STE 1110
    WEST HOLLYWOOD,CA90069
    BRIAN ROWEN PRESIDENT
    2.00     		0 0 0
    9200 W SUNSET BLVD STE 1110
    WEST HOLLYWOOD,CA90069
    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
    ALLYSON DIAS PROGRAM MANA
    40.00     		165,000    
    9200 W SUNSET BLVD STE 1110
    WEST HOLLYWOOD,CA90069
    TREVOR MERRILL PROGRAM MANA
    40.00     		90,000    
    9200 W SUNSET BLVD STE 1110
    WEST HOLLYWOOD,CA90069
    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
    BREAKOUT MANAGEMENT LLC CONSULTING SERV 587,967
    1 LETTERMAN DRIVE BLDG C 400
    SAN FRANCISCO,CA94912
    TORCH COMMUNICATIONS LLC MEDIA CONSULTIN 97,137
    9 LAFAYETTE ST 9
    SAN FRANCISCO,CA94103
    WHEELER ACCOUNTANTS LLP ACCOUNTING 85,069
    1475 SARATOGA AVE STE 100
    SAN JOSE,CA95129
    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
    2,551,017
    b
    Average of monthly cash balances.......................
    1b
    12,399,281
    c
    Fair market value of all other assets (see instructions)................
    1c
    19,159,195
    d
    Total (add lines 1a, b, and c).........................
    1d
    34,109,493
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    34,109,493
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    511,642
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    33,597,851
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,679,893
    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
    1,679,893
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    131,794
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    131,794
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,548,099
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,360,000
    5
    Add lines 3 and 4............................
    5
    2,908,099
    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
    2,908,099
    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 2,908,099
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 9,214,409
    b From 2017...... 8,860,419
    c From 2018...... 6,226,513
    d From 2019...... 5,563,506
    e From 2020...... 1,500,560
    f Total of lines 3a through e ........ 31,365,407
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 10,971,671
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 2,908,099
    e Remaining amount distributed out of corpus 8,063,572
    5 Excess distributions carryover applied to 2021.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 39,428,979
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		9,214,409
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		30,214,570
    10 Analysis of line 9:
    a Excess from 2017.... 8,860,419
    b Excess from 2018.... 6,226,513
    c Excess from 2019.... 5,563,506
    d Excess from 2020.... 1,500,560
    e Excess from 2021.... 8,063,572
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AARON HANNON
    QUIGNALEGAN SILGO ROAD
    COUNTY MAYO    
    EI     		NONE INDIVIDUAL FELLOWSHIP 50,000
    ADAM GUILD
    535 EVERETT AVE
    615
    PALO ALTO,CA94301     		NONE INDIVIDUAL FELLOWSHIP 50,000
    ASSOCIATION RECHERCHES MIMETIQUE
    42 RUE DIDEROT
    MONTREUIL   93100
    FR     		NONE NONPROFIT GRANT SUPPORT FOR EDUCATIONAL EVENT 80,000
    BENJAMIN STERN
    1095 N HWY A1A
    UNIT 204
    INDIALANTIC,FL32903     		NONE INDIVIDUAL FELLOWSHIP 50,000
    BENOIT CHANTRE
    42 RUE DIDEROT 93100
    MONTREUIL   93100
    FR     		NONE INDIVIDUAL IMITATIO 80,000
    BLAKE RESNICK
    9312 PROVENCE GARDEN LANE
    LAS VEGAS,NV89145     		NONE INDIVIDUAL FELLOWSHIP 50,000
    BRANDON WANG
    1450 15TH STREET APT206
    SAN FRANCISCO,CA94103     		NONE INDIVIDUAL FELLOWSHIP 50,000
    BRIAN GU
    2198 144TH AVE SE
    BELLEVUE,WA98007     		NONE INDIVIDUAL FELLOWSHIP 50,000
    CORNERSTONE FORUM
    466 FIRST STREET EAST
    SANTA ROSA,CA95405     		NONE C-CORP IMITATIO 65,000
    CYNTHIA HAVEN
    PO BOX 18530
    STANFORD,CA94309     		NONE INDIVIDUAL IMITATIO 7,000
    DLYAN DIAMOND
    4 WHITNEY COURT
    MENLO PARK,CA94025     		NONE INDIVIDUAL FELLOWSHIP 50,000
    DONORS TRUST INC
    4 WHITNEY COURT
    MENLO PARK,CA94025     		NONE PC DONOR ADVISED FUND 4,250,000
    GRIFFIN BARNICUTT
    239 BEECHTREE CRESCENT
    OAKVILLE,ONTARIOL6L 0A5
    CA     		NONE INDIVIDUAL FELLOWSHIP 50,000
    JAMES ALISON
    CALLE DE PELAYO 42 2OR
    MADRID   28004
    SP     		NONE INDIVIDUAL IMITATIO 95,000
    JASMINE WANG
    2330 HAGEN LINK
    EDMONTON,ALBERTAT6R0B2
    CA     		NONE INDIVIDUAL FELLOWSHIP 50,000
    JEAN PIERRE DUPUY
    2 SQUARE DE PORT ROYAL
    PARIS   75013
    FR     		NONE INDIVIDUAL IMITATIO 40,000
    JOSEPH KITONGA
    1200 JEFFERSON AVE
    WOODLYN,PA19094     		NONE INDIVIDUAL FELLOWSHIP 50,000
    KENTA IWASAKI
    FLAT RC FL 52 TOWER 1
    NEPTUNE TERRACE
    NEW TERRITORIES    
    HK     		NONE INDIVIDUAL FELLOWSHIP 50,000
    MARGARET NYAWIRA KARABA
    UTALII HOUSE THRID FLOOR
    ROOM 2
    NAIROBI    
    KE     		NONE INDIVIDUAL FELLOWSHIP 50,000
    MARK ANSPACH
    INTERNO 6 VIA GOITO 8
    BOLOGNA   40126
    IT     		NONE INDIVIDUAL IMITATIO 65,000
    MICHAEL BROUGHTON
    1001 WILSHIRE BLVD
    LOS ANGELES,CA90017     		NONE INDIVIDUAL FELLOWSHIP 50,000
    MICHAEL CHIME
    124 TURNBERRY XING
    BORADVIEW HEIGHTS,OH44147     		NONE INDIVIDUAL FELLOWSHIP 50,000
    ROBERT HAMILTON FERGUSON
    2506/183 KENT ST
    SYDNEY   NSW 2000
    AS     		NONE INDIVIDUAL FELLOWSHIP 50,000
    SCOTT FITSIMONES
    279 DOLORES ST
    SAN FRANCISCO,CA94103     		NONE INDIVIDUAL FELLOWSHIP 50,000
    SHANE CURRAN
    29 FORTFIELD TERRACE
    DUBLIN   D06 N2Y5
    EI     		NONE INDIVIDUAL FELLOWSHIP 50,000
    SHERIDAN CLAYBORNE
    621 STOCKTON ST
    APT 301
    SAN FRANCISCO,CA94108     		NONE INDIVIDUAL FELLOWSHIP 50,000
    STEPHANIE MILLS
    222 CHURCH ST
    NEWMARKET,ONTARIOL3Y4C4
    CA     		NONE INDIVIDUAL FELLOWSHIP 50,000
    THOMAS SUAREZ
    1520 WOLLACOTT ST
    REDONDO BEACH,CA90278     		NONE INDIVIDUAL FELLOWSHIP 50,000
    TONI OLOKO
    800 6TH AVE
    39A
    NEW YORK,NY10001     		NONE INDIVIDUAL FELLOWSHIP 50,000
    XUECHUN PHOEBE YAO
    8145 HALIFAX DRIVE
    SAINT LOUIS,MO63105     		NONE INDIVIDUAL FELLOWSHIP 50,000
    YANLING CHEN
    104 CANONGATE TRAIL
    TORONTO   M1V2Z5
    CA     		NONE INDIVIDUAL FELLOWSHIP 50,000
    ADAM POLLACK
    45 KOENIG DRIVE
    OYSTER BAY,NY11771     		    FELLOWSHIP 25,000
    ANDREI SERBAN
    1 MAPLE STREET
    APT 1310
    REDWOOD CITY,CA94063     		    FELLOWSHIP 25,000
    ANDREW NINH
    16533 SEQUOIA STREET
    FOUNTAIN VALLEY,CA92708     		    FELLOWSHIP 25,000
    CLAIRE CODER
    922 BEXLEY DR
    PERRYSBURG,OH43551     		    FELLOWSHIP 25,000
    DAVIS FOSTER
    2000 WALNUT STREET
    APT 214
    BOULDER,CO80302     		    FELLOWSHIP 25,000
    IIAYDA BUYUKDOGAN
    YENIBOSNA MERKEZ MAH
    ISTANBUL   34197
    TU     		    FELLOWSHIP 25,000
    JACOB HILLARD
    665 MONTE ROSE DRIVE
    APT 914
    MENLO PARK,CA94025     		    FELLOWSHIP 25,000
    JAMIE STEWART MARSHALL
    PO BOX 4938
    RUMFORD,RI02916     		    FELLOWSHIP 25,000
    JOANNE ZICHEN PENG
    3214 E PEYSON BAY
    REGINA,SASKATCHEWANS4V 2W8
    CA     		    FELLOWSHIP 25,000
    JOHN ANDREW ENTWISTLE
    4601 PERALTA LANE
    AUSTIN,TX78735     		    FELLOWSHIP 25,000
    KAI KLOEPFER
    88 AMES STREET 1015
    CAMBRIDGE,MA02142     		    FELLOWSHIP 25,000
    MATTHEW DIMARCANTONIO
    113 BROADWATER
    WILLIAMSBURG,VA23188     		    FELLOWSHIP 25,000
    MELVIN DU
    6850 NORTH BROADWAY
    STE F GNDNT -1629
    DENVER,CO80221     		    FELLOWSHIP 25,000
    PAIGE ELIZABETH BROWN
    562 KENDALL AVE
    APT 29
    PALO ALTO,CA94306     		    FELLOWSHIP 25,000
    PHILLIP CHAO
    300 LENORA ST
    STE 1719
    SEATTLE,WA98121     		    FELLOWSHIP 25,000
    ROHIT G KALYANPUR
    300 N CANAL ST
    APT 3501
    CHICAGO,IL60606     		    FELLOWSHIP 25,000
    SEAN HENRY
    818 ARNOLD MILL ROAD
    WOODSTOCK,GA30188     		    FELLOWSHIP 25,000
    TIESHUN ROQUERRE
    1446 CAMBRIDGE ST
    CAMBRIDGE,MA02139     		    FELLOWSHIP 25,000
    WILL MANIDIS
    1340 SOUTH CONCORD ROAD
    WEST CHESTER,PA19382     		    FELLOWSHIP 25,000
    ZHIHAN EMILY WANG
    465 STEVENSON ROAD
    NEW HAVEN,CT06515     		    FELLOWSHIP 25,000
    EMMANUEL DUBOIS DE PRISQUE
    155 RUE DE ROMAINVILLE
    MONTREUIL   93100
    FR     		    GRANTS 15,000
    GLASS DARKLY FILMS
    710 W GRAND AVE
    UNIT 613
    CHICAGO,IL60654     		    GRANTS 60,000
    WILLIAM JOHNSEN
    1042 LAKESIDE DRIVE SE
    EAST GRAND RAPIDS,MI49506     		    GRANTS 40,000
    THE LUMEN CHRISTI INSTITUTE
    1220 E 58TH STREET
    CHICAGO,IL60637     		    GRANTS 56,000
    STEVE LENZNER
    250 COLLEGE PARK DRIVE
    APT P35
    UPLAND,CA91786     		    GRANTS 50,000
    MERCATUS CENTER INC
    3434 WASHINGTON BLVD
    4TH FLOOR
    ARLINGTON,VA22201     		    GRANTS 250,000
    NEW VENTURE FUND
    21828 L STREET NW
    SUITE 300-A
    WASHINGTON,DC20036     		    GRANTS 3,000,000
    Total .................................bullet 3a 9,803,000
    bApproved for future payment
    CYNTHIA HAVEN
    PO BOX 18530
    STANFORD,CA94309     		NONE INDIVIDUAL IMITATIO 7,000
    EMMANUEL DUBOIS DE PRISQUE
    155 RUE DE ROMAINVILLE
    MONTREUIL   93100
    FR     		    GRANTS 15,000
    STEVE LENZNER
    250 COLLEGE PARK DRIVE
    APT P35
    UPLAND,CA91786     		    GRANTS 50,000
    NATASSIA PONOMARENKO
    20 EAST MAIN STREET
    APT 73
    LOS GATOS,CA95030     		NONE INDIVIDUAL FELLOWSHIP 100,000
    RAINA JAIN
    6 GERALD CT
    RIVERSIDE,CT06878     		NONE INDIVIDUAL FELLOWSHIP 100,000
    TAMARA CHAYO ROMO
    THIERS 273 INT 5 COLONIA
    CDMX    
    MX     		NONE INDIVIDUAL FELLOWSHIP 100,000
    ALEXANDER TAYLOR
    11517 PECK LAKE RD
    LOWELL,MI49331     		NONE INDIVIDUAL FELLOWSHIP 100,000
    ALFONSO DE LOS RIOS VILLAREAL
    LOMA REDONDA 2712 MEXICO
    LOMAS DE SAN FRANCISCO
    MONTEREY   64710
    MX     		NONE INDIVIDUAL FELLOWSHIP 100,000
    ANA CORNELL
    44 HACKBERRY LN
    GLENVIEW,IL60025     		NONE INDIVIDUAL FELLOWSHIP 100,000
    ARIANA SOKOLOV
    1720 AVENIDA DEL MUNDO
    UNIT 804
    CORONADO,CA92118     		NONE INDIVIDUAL FELLOWSHIP 87,500
    BENJAMIN BOTVINICK
    1543 ALMA ST
    PALO ALTO,CA94301     		NONE INDIVIDUAL FELLOWSHIP 100,000
    BENJAMIN NASHMAN
    46 FOREST HILL ROAD
    TORONTO,ONTARIO  
    CA     		NONE INDIVIDUAL FELLOWSHIP 100,000
    DAYTON MILLS
    433 10TH AVE W
    KIRKLAND,WA98033     		NONE INDIVIDUAL FELLOWSHIP 100,000
    EDWARD BECCLE
    THE OLD RECTORY
    20 CHURCH END STANDLAKE
    OXFORDSHIRE   2975G
    UK     		NONE INDIVIDUAL FELLOWSHIP 100,000
    GEFFEN AVRAHAM
    815 OAK STREET
    SAN FRANCISCO,CA94131     		NONE INDIVIDUAL FELLOWSHIP 100,000
    EUN LEE
    EL TAIHUEN E2 DPTO 44
    LO BARNECHEA
    SANTIAGO   8320000
    CI     		NONE INDIVIDUAL FELLOWSHIP 100,000
    JAMES DACOMBE
    5 RIVERLIGHT QUAY
    APT 18
    LONDON    
    UK     		NONE INDIVIDUAL FELLOWSHIP 100,000
    JOHN CIOCCA
    16729 SIESTA DRUM WAY
    BONITA SPRINGS,FL34135     		NONE INDIVIDUAL FELLOWSHIP 100,000
    NIVRITI KIARA NIRGHIN
    459 LAGUNITA DRIVE
    STANFORD,CA94305     		NONE INDIVIDUAL FELLOWSHIP 87,500
    LADA NUZHNA
    OAK ST 815
    SAN FRANCISCO,CA94305     		NONE INDIVIDUAL FELLOWSHIP 100,000
    MICHAEL LEE
    3233 HARMON AVENUE
    AUSTIN,TX78705     		NONE INDIVIDUAL FELLOWSHIP 100,000
    OLIVER EDHOLM
    DRYCKSBOVAGEN 39 122 47
    ENSKEDE
    STOCKHOLM    
    SW     		NONE INDIVIDUAL FELLOWSHIP 100,000
    RACHEL XU
    7414 BRAIDBURN AVENUE
    NEWARK,CA94560     		NONE INDIVIDUAL FELLOWSHIP 100,000
    RYAN PARK
    105-1002 HYUNDAIMORNING
    SIDE1 CHA APT 65
    GWANGJUSI    
    KS     		NONE INDIVIDUAL FELLOWSHIP 100,000
    TEJAS MANOHAR
    2211 MISSION ST
    UNIT B
    SAN FRANCISCO,CA94110     		NONE INDIVIDUAL FELLOWSHIP 100,000
    TYLER BERNSTEIN
    723 GIRARD ST
    NW APT 2
    WASHINGTON,DC20001     		NONE INDIVIDUAL FELLOWSHIP 100,000
    Total .................................bullet 3b 2,347,000
    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 ...........     		        11
    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 -2,287,028  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aGRANT CONVERSION     		        1,360,000
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   7,419,166 1,364,822
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    8,783,988
    (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:
    THIEL FOUNDATION
    EIN:
    20-3846597
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 102,169 14,661   87,508

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

    TY 2021 DepreciationSchedule
    Name:
    THIEL FOUNDATION
    EIN:
    20-3846597
    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
    LAPTOPS FOR LF & JR 2011-08-04 3,116 3,116 S/L 5.0000        
    DOCKING STATION, USP ADAPTER, E/PO: 2011-08-04 535 535 S/L 5.0000        
    DELL USB KEYBOARD, VGA ADAPTER 2011-09-13 99 99 S/L 5.0000        
    BROTHER HL-2240 LASER PRINTER 2011-11-16 130 130 S/L 5.0000        
    LAPTOP FOR IMITATIO BUSINESS 2011-09-02 3,059 3,059 S/L 5.0000        
    APPLE MACBOOK AIR - JK 2012-03-13 1,699 1,699 S/L 5.0000        
    BOOKENDZ DOCKING STATION 2012-03-13 311 311 S/L 5.0000        
    MACBOOK PRO 13'' 2012-08-07 1,499 1,499 S/L 5.0000        
    DELL 23" MONITOR 2012-08-20 181 181 S/L 5.0000        
    COMPUTER FOR LEONORE REISER 2013-02-25 1,633 1,633 S/L 5.0000        
    LAPTOP - MICHELLE KIM-DANLEY 2014-10-14 2,237 2,237 S/L 5.0000        
    APPLE LAPTOP 2015-05-14 2,475 2,475 S/L 3.0000        
    APPLE LAPTOP - 2 2015-08-07 4,115 4,115 S/L 3.0000        
    MONITOR 2015-11-20 1,114 1,114 S/L 3.0000        
    LAPTOP 2015-12-16 3,021 3,021 S/L 3.0000        
    LAPTOP 2015-12-18 3,479 3,479 S/L 3.0000        
    LAPTOP 2015-12-18 2,177 2,177 S/L 3.0000        
    2 LAPTOPS 2016-03-10 2,048 2,048 S/L 3.0000        
    HP PRINTER 2016-04-25 705 705 S/L 3.0000        
    APPLE LAPTOP 2016-11-13 1,519 1,519 S/L 3.0000        
    IPAD 2017-08-23 1,587 1,587 S/L 3.0000        
    COMPUTER DESKS 2017-08-25 1,726 1,150 S/L 5.0000 345      
    APPLE LAPTOP 2021-05-06 1,964   S/L 3.0000 436      
    APPLE LAPTOP 2021-08-19 1,952   S/L 3.0000 217      

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THIEL FOUNDATION
    EIN:
    20-3846597
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORTEXYME INVESTMENT 193,149 193,149

    TY 2021 InvestmentsLandSchedule2
    Name:
    THIEL FOUNDATION
    EIN:
    20-3846597
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 42,382 38,891 3,491 3,491

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THIEL FOUNDATION
    EIN:
    20-3846597
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENTS-UNCONSOLIDATED ENTITIES   21,472,374 21,472,374

    TY 2021 LegalFeesSchedule
    Name:
    THIEL FOUNDATION
    EIN:
    20-3846597
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 10,224 1,467   8,757


    TY 2021 OtherAssetsSchedule
    Name:
    THIEL FOUNDATION
    EIN:
    20-3846597
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    OTHER INVESTMENTS - DOMAIN NAME 5,363 5,363 5,363
    DEPOSITS 1,660 1,660 1,660


    TY 2021 OtherDecreasesSchedule
    Name:
    THIEL FOUNDATION
    EIN:
    20-3846597
    Description Amount
    IN-KIND RENT AND SERVICES 351,000


    TY 2021 OtherExpensesSchedule
    Name:
    THIEL FOUNDATION
    EIN:
    20-3846597
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    COMMUNICATIONS/PR 109,563 19,656   89,907
    REFERENCES MATERIALS 54,306 42,472   11,834
    EQUIPMENT 519 7   512
    UTILITIES 4,460 2,959   1,501
    DUES & SUBSCRIPTIONS 28,321 6,706   21,615
    MEALS & ENTERTAINMENT 22,768 12,741   10,027
    MISCELLANEOUS 26,062 21,404   4,658
    CONFERENCES 42,308     42,308


    TY 2021 OtherIncomeSchedule2
    Name:
    THIEL FOUNDATION
    EIN:
    20-3846597
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
      9,706,194 9,706,194 9,706,194
    GRANT CONVERSION 1,360,000   1,360,000


    TY 2021 OtherIncreasesSchedule
    Name:
    THIEL FOUNDATION
    EIN:
    20-3846597
    Description Amount
    IN-KIND RENT AND SERVICES 351,000
    UNREALIZED GAINS 1,305,515
    GRANTS PAID 2021 AND APPROVED IN 2020 1,900,000


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THIEL FOUNDATION
    EIN:
    20-3846597
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE 2,164 157,164


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THIEL FOUNDATION
    EIN:
    20-3846597
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 575,467 82,580   492,887
    OTHER PROFESSIONAL FEES 50,340 7,224   43,116
    ADP SERVICE FEES 4,295 230   4,065
    HSA/FSA FEES 1,676 90   1,586


    TY 2021 TaxesSchedule
    Name:
    THIEL FOUNDATION
    EIN:
    20-3846597
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LICENSES AND PERMITS 308 308    
    EXCISE TAXES 155,000      
    STATE TAXES 526      
    EXCISE TAX PRIOR YEAR 8,678