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. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 11-01-2020 , and ending 10-31-2021
Name of foundation
The Vijay R Sanghvi Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

46-4108329
B Telephone number (see instructions)

(800) 839-1754
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$13,252,846J 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 669 669  
4 Dividends and interest from securities... 130,719 130,719  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,414,117
b Gross sales price for all assets on line 6a 10,321,662
7 Capital gain net income (from Part IV, line 2)... 2,414,117
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 4,626 4,311  
12 Total. Add lines 1 through 11........ 2,550,131 2,549,816  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 105,491 95,286   10,205
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 13,702 4,102    
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 36,326 1,242   35,084
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 155,519 100,630   45,289
25 Contributions, gifts, grants paid....... 453,102 453,102
26 Total expenses and disbursements. Add lines 24 and 25 608,621 100,630   498,391
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,941,510
b Net investment income (if negative, enter -0-) 2,449,186
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 650,364 939,550 939,550
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) 446,569 Click to see attachment223,576 222,087
b Investments—corporate stock (attach schedule)....... 7,940,295 Click to see attachment9,812,951 11,986,036
c Investments—corporate bonds (attach schedule)....... 107,903 Click to see attachment106,507 105,173
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 14,222 Click to see attachment18,279 0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,159,353 11,100,863 13,252,846
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 9,159,353 11,100,863
29 Total net assets or fund balances (see instructions)..... 9,159,353 11,100,863
30 Total liabilities and net assets/fund balances (see instructions). 9,159,353 11,100,863
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
9,159,353
2
Enter amount from Part I, line 27a .....................
2
1,941,510
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
11,100,863
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
11,100,863
Form 990-PF (2020)
Form 990-PF (2020)
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 Publicly-traded Securities      
b
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 10,321,662   7,907,545 2,414,117
b
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       2,414,117
b
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 2,414,117
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  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
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 Reserved................................ 1 34,044
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% 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 34,044
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 34,044
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 8,038
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 26,800
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 34,838
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 10 794
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet794 RefundedBullet 11  
Part VII-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 XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA, OH
    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 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    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 (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    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
     
     
    ........bullet
    c
    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 2020?.............
    1c
     
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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?......................
    b
    If "Yes," did it have excess business holdings in 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    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
     
     
    .........bullet
    c
    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?..........
    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?.....................
    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?
    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? .................
    Part VIII
    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
    Arun Sanghvi Trustee, Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Rupal Sanghvi Trustee, Pres
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Sejal Sanghvi Trustee, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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 (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    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
    EYINK Leahy Group Investment Mgmt 95,286
    5905 E Galbraith rd ste 7000
    CINCINNATI,OH45236
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-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 IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    11,533,346
    b
    Average of monthly cash balances.......................
    1b
    1,199,854
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,733,200
    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
    12,733,200
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    190,998
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,542,202
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    627,110
    Part XI
    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 X, line 6....................
    1
    627,110
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    34,044
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    34,044
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    593,066
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    593,066
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    593,066
    Part XII
    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
    498,391
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    498,391
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    498,391
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 593,066
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 485,489
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 498,391
    a Applied to 2019, but not more than line 2a 485,489
    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 2020 distributable amount..... 12,902
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020.    
    (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 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		580,164
    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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    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 X, 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 XV
    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).)
    NONE
    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 (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    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
    ADULT CONGENITAL HEART ASSOCIATION INC
    280 N PROVIDENCE RD STE 6
    MEDIA,PA19063     		N/A PC General & Unrestricted 1,001
    ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI
    60 E 42ND ST STE 2240
    NEW YORK,NY10165     		N/A PC General & Unrestricted 2,001
    AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC
    125 BROAD ST 18TH FLOOR
    NEW YORK,NY10004     		N/A PC General & Unrestricted 48,000
    ANIMAL LEGAL DEFENSE FUND
    525 E COTATI AVE
    COTATI,CA94931     		N/A PC General & Unrestricted 15,000
    CARBON CYCLE INSTITUTE
    245 KENTUCKY ST STE D
    PETALUMA,CA94952     		N/A PC the BIPOC AgroEcology Network fund 50,000
    CATSKILL ANIMAL SANCTUARY INC
    316 OLD STAGE RD
    SAUGERTIES,NY12477     		N/A PC General & Unrestricted 15,000
    CELEBRATION NATION INC
    3031 TISCH WAY 110 PLZ WEST
    SAN JOSE,CA95128     		N/A PC General & Unrestricted 50,000
    CHIMP HAVEN INC
    13600 CHIMPANZEE PL
    KEITHVILLE,LA71047     		N/A PC General & Unrestricted 15,000
    CINCINNATI PUBLIC RADIO INC
    1223 CENTRAL PKWY
    CINCINNATI,OH45214     		N/A PC General & Unrestricted 5,000
    FARM SANCTUARY INC
    PO BOX 150
    WATKINS GLEN,NY14891     		N/A PC General & Unrestricted 20,000
    FREESTORE-FOODBANK INC
    1141 CENTRAL PKWY
    CINCINNATI,OH45202     		N/A PC General & Unrestricted 10,000
    FRONT RANGE EQUINE RESCUE
    2185 NW 114TH LOOP
    OCALA,FL34475     		N/A PC General & Unrestricted 10,000
    HUMANE FARMING ASSOCIATION
    PO BOX 3577
    SAN RAFAEL,CA94912     		N/A PC General & Unrestricted 7,000
    INTERNATIONAL RESCUE COMMITTEE INC
    PO BOX 6068
    ALBERT LEA,MN56007     		N/A PC General & Unrestricted 40,000
    JHANKAR INC
    9166 SOLON DR
    CINCINNATI,OH45242     		N/A PC General & Unrestricted 3,000
    MAYORS ALLIANCE FOR NYCS ANIMALS INC
    244 FIFTH AVE SUITE R290
    NEW YORK,NY10001     		N/A PC General & Unrestricted 10,000
    MEDECINS SANS FRONTIERES USA INC - DOCTORS WITHOUT
    PO BOX 5030
    HAGERSTOWN,MD21741     		N/A PC General & Unrestricted 40,000
    SOGOREA TE LAND TRUST
    2501 HARRISON ST
    OAKLAND,CA94612     		N/A PC General & Unrestricted 50,000
    SPIRIT ROCK MEDITATION CENTER
    PO BOX 169
    WOODACRE,CA94973     		N/A PC General & Unrestricted 12,100
    URBAN TILTH
    323 BROOKSIDE DR
    RICHMOND,CA94801     		N/A PC General & Unrestricted 50,000
    Total .................................bullet 3a 453,102
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-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 ...........     		    14 669  
    4 Dividends and interest from securities....     14 130,719  
    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 2,414,117  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		    14 4,057  
    bFederal Tax Refund     01 315  
    cCLASS ACTION LAWSUIT PROCEEDS     01 254  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   2,550,131  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,550,131
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-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 XVI-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 (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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

    TY 2020 DepreciationSchedule
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    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 2020 InvestmentsCorpBondsSchedule
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC NOTE CALL - 2.850% 4,178 4,114
    AMAZON COM - 1.000% - 05/12/20 3,983 3,966
    BAT CAP CORP - 3.222% - 08/15/ 4,275 4,206
    CITIGROUP INC - 2.876% - 07/24 4,118 4,065
    CITIGROUP INC NOTE - 0.981% - 8,037 7,964
    COMCAST CORP - 3.700% - 04/15/ 8,741 8,532
    DOWDUPONT - 4.205% - 11/15/202 8,691 8,529
    FISERV INC - 2.750% - 07/01/20 5,295 5,219
    GOLDMAN SACHS GROUP INC - 3.62 8,448 8,293
    JPMORGAN CHASE &CO - 3.207% - 8,216 8,088
    MORGAN STANLEY MTN - 2.750% - 10,271 10,130
    ORACLE CORP - 3.400% - 07/08/2 4,305 4,228
    UNITED STATES TREAS SER BF-202 27,949 27,839

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    Name of Stock End of Year Book Value End of Year Fair Market Value
    10X GENOMICS CLASS A 32,130 37,092
    3M CO 11,293 10,363
    A P MOLLAR MAERSK A 19,457 23,171
    ACADIA PHARMACEUTICALS INC 13,229 5,367
    ACCENTURE PLC 40,429 69,964
    ACCO BRANDS CORPORATION 6,501 6,409
    ACCOR SA 9,099 8,838
    ADIDAS AG 9,819 9,659
    ADYEN N.V. 3,858 6,195
    AIA GROUP LTD ADR 8,437 8,188
    AIR LEASE CORP 6,567 5,687
    AIRBNB 34,674 40,788
    AIRBUS GROUP 9,385 13,024
    ALAMO GP INC 7,990 8,165
    ALIBABA GROUP HOLDING LTD 8,473 4,453
    ALLETE INC 8,729 8,062
    ALNYLAM PHARMACEUTICALS, INC 5,464 8,776
    ALTO INGREDIENTS INC 3,596 2,905
    AMERESCO INC CL A 12,116 16,426
    AMERISOURCEBERGEN CORP 14,256 14,520
    ANTHEM INC 10,986 13,054
    AON PLC CL A 54,093 82,219
    API GROUP CORPORATION 16,719 18,143
    APOLLO COMMERCIAL REAL ESTATE 6,293 7,161
    APOLLO INVESTMENT CORP 5,491 5,694
    APRIA ORD SHS 20,240 24,854
    ASHTEAD GROUP PLC 2,533 6,047
    ASML HOLDING NV NY REG SHS 6,322 12,193
    ASSOCIATED BANC-CORP 8,125 9,246
    ASTRAZENECA 7,341 8,421
    ATHENE HOLDING LTD 20,230 34,630
    ATI PHYSICAL THERAPY ORD SHS C 1,897 574
    ATKORE INTERNATIONAL GROUP INC 14,183 22,309
    AVIENT 28,477 33,783
    AXA ADS 13,336 15,743
    AXOS FINANCIAL INC 12,277 14,787
    BABCOCK & WILCOX ENTERPRISES I 3,561 3,654
    BALLY S ORD SHS 4,072 3,573
    BANCO BILBAO ARG SA 17,435 22,095
    BARCLAYS PLC ADR 8,514 11,403
    BASF AG SPONS ADR 13,585 11,900
    BAYERISCHE MOTOREN WERKE AG AD 9,781 11,627
    BELDEN INC 9,418 12,524
    BERKELEY GROUP HLDGS 16,751 16,216
    BERKSHIRE HATHAWAY INC. CLASS 14,453 16,073
    BERRY PETROLEUM CO A 2,183 4,036
    BHP BILLITON LIMITED 32,218 25,391
    BILL COM HOLDINGS 59,548 63,277
    BLACKROCK ALLOC TGT SER S PORT 83,902 83,212
    BLACKROCK INC 15,125 25,473
    BLACKROCK TECHNOLOGY OPPORTUNI 228,643 306,464
    BLOCK INC 63,652 117,070
    BNP PARIBAS SPONS ADR 18,054 21,842
    BOSTON SCIENTIFIC 19,154 25,015
    BP PLC SPONSORED ADR 16,052 19,117
    BRENNTAG AG UNSP ADR 9,201 10,763
    BROADCOM INC 9,261 13,823
    BROOKFIELD ASSET MANAGEMENT CL 7,185 12,803
    BTRS HOLDINGS ORD SHS CLASS 1 5,584 3,393
    BURFORD CAPITAL ORD SHS 9,044 9,786
    CAE INC 4,734 6,621
    CANADA GOOSE HOLDINGS INC 2,709 2,523
    CANADIAN NATL RAILWAY CO 8,966 11,430
    CARNIVAL CORP 24,218 20,166
    CARVANA CO. 40,371 50,631
    CASELLA WASTE SYSTEMS INC 40,405 52,552
    CATERPILLAR INC 22,373 19,585
    CBIZ, INC 10,782 13,693
    CELLNEX TELECOM ADR 7,573 8,521
    CENTRAL GARDEN & PET CO 6,412 8,098
    CENTRAL GARDEN AND PET CO - A 6,169 7,392
    CERENCE INC 26,303 29,752
    CHECK POINT SOFTWARE TECHNOLOG 9,033 8,731
    CHEGG INC 62,759 46,363
    CHOW TAI FOOK 3,149 4,860
    CHR HANSEN HOLDINGS 7,519 5,612
    CHUBB LIMITED 37,742 57,246
    CIGNA CORPORATION 47,779 52,548
    CISCO SYSTEMS INC 25,479 26,866
    CITIGROUP INC 67,510 74,416
    CLOUDFLARE, INC. 69,199 180,894
    CNH INDUSTRIAL NV 5,743 7,220
    CNO FINANCIAL GROUP INC 1,926 1,859
    COCA COLA FEMSA SA 6,628 7,310
    COINBASE GLOBAL 25,425 28,748
    COLGATE-PALMOLIVE COMPANY 24,384 23,390
    COLUMBIA LIMITED DURATION CRED 63,410 63,105
    COLUMBIA TECHNOLOGY FD INC 171,791 307,510
    COLUMBUS MCKINNON CORPORATION 9,599 9,549
    COMCAST CORP 55,275 68,248
    COMERICA INC 22,517 26,633
    COMPAGNIE FINANCIERE RICHEMONT 10,635 13,921
    COMPASS GROUP PLC ADR 19,723 21,400
    COMPASS MINERALS INTERNATIONAL 8,296 8,462
    CONCENTRIX CORP 8,651 11,905
    CONOCOPHILLIPS 13,489 25,699
    CORE LABORATORIES 32,749 26,946
    COUPONS.COM 33,065 33,472
    CROWDSTRIKE HOLDINGS, INC 19,466 25,362
    CSW INDUSTRIALS INC 23,062 25,367
    CUMMINS INC 18,188 16,549
    CUSTOM TRUCKS ONE 3,328 3,982
    CVB FINANCIAL CORPORATION 7,904 7,387
    DAITO TRUST CONST SPON ADR 10,279 10,522
    DALLAS NEWS CORP 237 264
    DANAHER CORP 12,439 29,306
    DATADOG INC 45,089 76,676
    DELTA AIR LINES INC 30,276 25,317
    DELTA APPAREL INC 3,962 3,866
    DENBURY ORD SHS 5,504 10,329
    DENNYS CORPORATION 15,057 16,027
    DEVON ENERGY CORPORATION 12,939 23,647
    DEXCOM, INC 15,213 26,175
    DIAGEO PLC ADS 22,807 33,345
    DINEEQUITY INC 15,680 18,001
    DOCUSIGN INC 35,685 38,961
    DOMINION ENERGY INC 29,725 29,081
    DOORDASH ORD SHS CLASS A 71,822 80,063
    DOUGLAS DYNAMICS INC 15,922 15,693
    DOW INC 27,838 26,026
    DR. REDDY'S LAB LTD 5,967 5,591
    DU PONT DE NEMOURS 16,899 15,242
    DUKE ENERGY CO 42,410 49,169
    EAGLE MATERIALS INC 32,792 40,354
    EATON CORP PLC 35,674 61,950
    EBIX INC 4,276 2,690
    ECOVYST ORD SHS 7,924 6,004
    EDGEWELL PERSONAL CARE COMPANY 4,597 3,954
    ELEMENT SOLUTIONS INC 3,999 4,905
    EMERSON ELECTRIC CO 20,922 22,215
    ENNIS BUSINESS FORMS 6,130 5,701
    ENSTAR GROUP INC 13,082 13,616
    EOG RESOURCES INC 14,708 18,492
    EQT CORPORATION 4,009 3,902
    EQUITABLE HOLDINGS INC 21,254 22,010
    EURONET WORLDWIDE INC 2,027 1,907
    EVERBRIDGE INC 17,098 19,436
    EXPERIAN GROUP LTD S/ADR 8,897 10,762
    EXXON MOBIL CORP 31,065 35,201
    FASTLY INC 23,997 13,159
    FIDELITY ADVISOR HIGH INC ADVA 31,667 33,048
    FIDELITY NATIONAL INFORMATION 22,700 18,937
    FIRST CITIZENS BANCSHARES INC 17,420 18,720
    FIRST HAWAIIAN INC 6,761 6,842
    FIRSTSERVICE CORP 50,496 74,970
    FLUOR CORP 1,819 2,119
    FLUTTER ENTMT PLC ADR 7,757 8,053
    FORUM ENERGY TECHNOLOGIES INC 126 225
    FRANCHISE GROUP ORD SHS 5,309 5,778
    FRANKLIN ELECTRIC CO., INC 27,961 32,306
    FREEPORT-MCMORAN COPPER & GOLD 11,627 13,541
    FRESENIUS MED CAR AG 18,619 14,920
    GDS HOLDINGS LTD 6,662 4,752
    GENERAL ELECTRIC CO 50,983 50,652
    GENERAL MOTORS 17,416 16,383
    GENMAB A/S SPON 3,249 3,973
    GLAUKOS CORP 11,387 5,851
    GLENCORE XSTRATA PLC ADR 25,449 33,830
    GLOBANT SA 23,677 37,984
    GOOSEHEAD INSURANCE INC 10,380 12,121
    GRIFFON CORP 8,378 9,377
    GUARDANT HEALTH INC 21,009 22,774
    HAMILTON LANE INC 28,245 37,624
    HANCOCK WHITNEY CORPORATION 9,861 11,974
    HANOVER INS GROUP 16,541 16,758
    HARSCO CORP 6,152 6,259
    HAWAIIAN ELEC INDS 14,297 16,021
    HDFC BANK LTD ADR 7,725 9,852
    HEALTHCARE SVCS GROUP INC 14,621 9,653
    HEARUSA, INC 15,543 2,314
    HELEN OF TROY LIMITED 24,884 25,869
    HILLENBRAND, INC 2,865 2,955
    HILLMAN SOLUTIONS ORD SHS 12,198 12,221
    HITACHI LTD 12,845 16,091
    HOLCIM LTD SPON ADS 12,048 10,248
    HOLLEY ORD SHS 13,841 13,156
    HONDA MOTOR CO LTD 12,004 12,690
    HONEYWELL INTL 35,721 49,627
    HONG KONG EX&CL UNSP/ADR 9,220 10,082
    HOSTESS BRANDS INC 9,624 12,310
    HOYA CORP SPONS ADR 8,003 10,477
    HYPERMARCAS SA 6,417 4,846
    ICON PLC - AMERICAN DEPOSITARY 8,391 12,618
    ILLINOIS TOOL WORKS 28,692 39,422
    IMPINJ INC 8,688 9,900
    INDUSTRIA DE DISENO 11,726 13,498
    INFINEON TECH ADS 16,038 17,899
    INFOSPACE.COM, INC 8,356 12,401
    ING GROUP N V SPONSORED ADR 4,370 9,063
    INNOSPEC INC 37,646 34,885
    INPEX HOLDINGS INC 6,990 7,832
    INTEL CORP 24,247 19,502
    INTERNATIONAL BUSINESS MACHINE 23,164 20,266
    INTESA SANPAOLO SPA 10,373 15,066
    INTUITIVE SURGICAL 26,012 37,919
    INVESTOOLS INC 6,269 3,711
    ISHARES BARCLAYS TIPS BOND FUN 63,022 67,407
    ISHARES PHLX SEMICONDUCTOR ETF 222,323 457,432
    ISHARES S&P GSTI SOF 260,368 477,851
    ITAU UNIBANCO HOLDING S.A 6,212 4,172
    J & J SNACK FOODS CORP 35,523 33,789
    JACK IN THE BOX INC 17,096 16,822
    JACKSON FINANCIAL INC 7,726 7,796
    JANUS INTERNATIONAL GROUP INC 7,058 7,586
    JAPAN AIRLINES 7,726 8,328
    JARDINE CYCLE & CARRIAGE LTD A 7,285 7,041
    JELD WEN HOLDING INC 2,867 2,933
    JOHNSON & JOHNSON 58,169 67,432
    JP MORGAN CHASE 112,667 148,144
    JULIUS BAER GROUP LTD 6,094 7,167
    KADANT INC 10,821 15,771
    KBC GROUP SA UNSP ADR 9,186 11,390
    KERRY GROUP PLC 7,735 7,677
    KEURIG DR PEPPER INC 10,832 11,368
    KIMBERLY CLARK CORP 24,564 23,956
    KKR & CO INC 13,441 17,368
    KONINKLIJKE PHILIPS ELECTRONIC 8,352 7,418
    KORN FERRY INTL 11,508 16,523
    KORNIT DIGITAL LTD 4,229 10,873
    KRATOS DEFENSE & SECURITY SOLU 3,783 3,144
    L'AIR LIQUIDE ADR OTC 9,902 9,892
    LIBERTY OILFIELD SVCS INC COM 1,393 1,654
    LINCOLN NATIONAL CORP 16,461 18,975
    LIVEPERSON, INC. 9,112 7,417
    LLOYDS BANKING GROUP PLC 4,333 4,461
    LOCKHEED MARTIN CORP 20,469 19,275
    LONDON STK EXCHANGE GROUP 9,783 8,875
    LOWES COMPANIES INC 20,203 31,332
    LVMH MOET HENN UNSP 5,246 8,812
    LYONDELLBASELL INDUSTRIES NV 17,307 15,315
    MADDEN STEVEN LTD 6,729 7,893
    MAGNOLIA OIL + GAS CORPORATION 10,538 17,936
    MARRIOTT INTERNATIONAL INC. CL 33,423 37,925
    MARSH AND MCLENNAN COMPANIES I 21,851 35,528
    MARUBENI CORP ADR CNV INTO 10 10,232 10,395
    MATTHEWS INTERNATIONAL CORPORA 2,358 2,406
    MAXIMUS INC 9,802 10,487
    MAYVILLE ENGINEERING COMPANY O 1,717 2,113
    MCDONALD'S CORP 16,222 17,189
    MCKESSON CORP 16,963 24,946
    MEDIA GENERAL CL A 36,741 49,699
    MEDTRONIC PLC 36,095 42,430
    MELCO RESORTS AND ENTERTAINMEN 12,496 7,841
    MERCK & CO INC 48,173 53,975
    METLIFE INC 20,098 20,536
    METSO OUTOTEC ADR 9,095 8,151
    MINERAL TECH INC 1,789 1,986
    MODERNA, INC 13,135 24,165
    MONDELEZ INTERNATIONAL INC 16,415 16,339
    MONGODB INC CL A 18,866 33,363
    MORGAN STANLEY 44,286 57,660
    MTU AERO ENGINES 6,635 5,905
    MUELLER IND INC 29,713 39,533
    MYERS INDS INC 7,388 7,656
    MYT NETHERLANDS PARENT BV ADS 25,443 20,962
    NASDAQ OMX GROUP 20,280 41,554
    NATERA INC 47,596 59,806
    NATIONAL WESTERN LIFE INSURANC 2,710 2,580
    NATUS MEDICAL INC 5,005 5,110
    NEENAH PAPER INC 18,257 16,779
    NEOGENOMICS INC 7,078 6,164
    NESTLE S.A 50,220 59,978
    NETGEAR INC 5,056 3,690
    NEVRO CORP 45,003 32,530
    NEW MARKET CORP 18,249 16,320
    NEW MOUNTAIN FINANCE 5,377 6,524
    NEW YORK MORTGAGE TRUST INC 8,205 8,433
    NEWCREST MINING LTD-SPON ADR 5,368 4,988
    NEWMONT GOLDCORP CORPORATION 17,708 15,930
    NICE SYSTEMS LTD 9,754 10,755
    NINTENDO CO LTD ADR UNSPON 5,699 4,531
    NN, INC 1,714 1,532
    NOMAD FOODS LIMITED 18,863 19,524
    NORDIC AMERICAN TANKER SHIPPIN 2,122 1,589
    NORTHERN OIL & GAS, INC 1,154 1,297
    NORTHROP GRUMMAN CORP 42,635 47,867
    NOVANTA INC 17,717 20,707
    NOVARTIS AG ADR 6,814 6,207
    NOVO NORDISK A S 8,150 13,105
    NUTRIEN LTD 13,177 16,988
    NVIDIA CORP 41,066 68,008
    NXP SEMICONDUCTORS 13,404 24,505
    OKTA INC 22,296 23,482
    OLLIES BARGAIN OUTLET HOLDINGS 49,541 38,025
    OPEN TEXT CORP 4,968 5,941
    OWENS AND MINOR INC 14,562 15,931
    PACK 8,736 10,304
    PAGSEGURO DIGITAL LTD. 6,892 4,996
    PARKER HANNIFIN CP 14,935 13,940
    PARSONS ORD SHS 10,667 9,942
    PATTERSON COMPANIES INC COM 8,943 8,972
    PATTERSON-UTI ENERGY INC 6,137 7,918
    PAYLOCITY CORP 43,357 68,351
    PEPSICO INC 16,955 21,170
    PERRIGO CO PLC 8,781 8,895
    PERSHING SQUARE TONTINE HOLDIN 11,725 9,036
    PETLQ INC 5,662 4,409
    PFIZER INC 22,370 24,713
    PHILLIPS 66 17,654 16,003
    PIMCO LOW DURATION INCOME FUND 63,592 63,081
    PINTEREST INC 57,802 35,533
    PIONEER NAT RES CO 18,099 24,868
    PLANET FITNESS INC 9,681 10,898
    PNC FINANCIAL GROUP INC 35,883 52,546
    POSCO 9,484 9,426
    PPG INDUSTRIES INC 13,210 21,195
    PREMIER INC 4,462 5,102
    PRESTIGE BRAND HLGS 7,604 10,678
    PRIMO WATER CORPORATION 12,102 11,750
    PROASSURANCE CORP 6,854 6,369
    PROCTER GAMBLE CO 28,657 29,170
    PROGRESSIVE CORP OHIO 45,165 44,973
    PROGYNY ORD SHS 43,002 59,096
    PROLOGIS 9,389 12,756
    QUANEX CORP 13,381 11,272
    RAPID7 INCORPORATED 4,845 8,884
    RAYTHEON TECHNOLOGIES CORP 25,789 27,191
    REGIONS FINANCIAL CORP 17,598 19,962
    RENASANT CORPORATION 10,069 10,437
    RIO TINTO PLC SPONSORED ADR 25,826 21,069
    ROBLOX ORD SHS CLASS A 86,468 92,926
    ROCHE HOLDING LTD ADR 11,778 12,614
    ROYAL DUTCH SHELL CL A 10,461 11,618
    ROYAL GOLD INC COM 5,821 5,248
    ROYALTY PHARMA CL A 72,374 60,046
    SANOFI-AVENTIS SPONSORED ADR 13,071 13,566
    SAP AKTIENGESELL ADS 8,586 8,832
    SCHNEIDER ELEC UNSP/ADR 12,133 13,624
    SCHWEITZER MAUDIT 11,488 9,929
    SEA LTD 35,406 52,910
    SEACOAST BANKING CORPORATION O 7,966 8,015
    SEMRUSH HOLDINGS ORD SHS CLASS 2,056 4,098
    SENSATA TECHNOLOGIES HOLDINGS 11,937 11,681
    SHINHAN FINL GROUP CO LTD 6,255 6,626
    SHOPIFY INC 86,467 149,606
    SIGNATURE BANK 25,691 43,482
    SILGAN HOLDINGS, INC 23,054 24,200
    SIMPSON MANUFACTURING CO INC 10,472 10,821
    SITEONE LANDSCAPE SUPPLY INC 38,082 55,216
    SMITH & NEPHEW PLC ADR 6,911 5,525
    SNAP INC. 61,637 86,967
    SNOWFLAKE INC 113,602 148,613
    SONY CORP ADR - OLD 8,369 13,084
    SOUTH STATE CORPORATION 10,838 11,167
    SOUTHERN CO 44,054 46,927
    SOUTHERN COPPER CORP 21,878 19,257
    SOUTHWESTERN ENERGY CO 7,542 8,735
    SPDR S&P 600 SMALL CAP VALUE 223,753 285,894
    SPECTRUM BRANDS HOLDINGS INC 29,394 32,906
    SPOTIFY TECHNOLOGY SA 48,436 55,854
    SPS COMMERCE, INC 34,126 40,015
    STANDARD CHARTERED 12,762 12,186
    STANLEY BLACK & DECKER INC 32,281 38,642
    STEPSTONE GROUP ORD SHS CLASS 28,582 38,336
    STEWART INFORMATION SVCS CORP 15,029 19,643
    SYNCHRONOSS TECHNOLOGIES, INC 1,911 1,529
    TABULA RASA HEALTHCARE 13,648 8,824
    TAIWAN SEMICONDUCTOR MFG CO LT 7,973 8,755
    TECHNIPFMC PLC 3,894 3,840
    TENCENT HOLDINGS LIMITED 6,124 5,532
    TEXAS INSTRUMENTS INC 30,884 47,807
    THE TRADE DESK INC 59,825 60,527
    THERMO FISHER SCIENTIFIC INC 33,053 50,646
    TOOTSIE ROLL INDS INC 4,313 4,368
    TOTAL FINA ELF S.A 19,323 21,347
    TRANE TECHNOLOGIES PLC 10,323 19,721
    TRAVELSKY TECHNOLOGY LTD 13,587 11,451
    TREASURY WINE ESTATES ADR 5,530 6,710
    TREE.COM, INC 14,971 8,876
    TRIMAS CORPORATION 15,083 15,408
    TRUIST FINANCIAL CORPORATION 23,697 25,705
    TUPPERWARE CORP 13,645 10,319
    TWILIO INC 67,252 65,556
    TWITTER INC 87,514 95,141
    TWO HARBORS INVESTMENT CORP 14,027 14,272
    UBS AG 8,875 10,491
    ULTRAGENYX PHARMACEUTICAL INC 6,180 6,042
    UMB FINANCIAL CORPORATION 23,767 29,547
    UNICHARM CORP - SPN ADR 7,816 7,477
    UNION PACIFIC 39,003 52,142
    UNITED CONTINENTAL HOLDINGS IN 23,204 19,333
    UNITED RENTALS INC 13,714 15,544
    UNITED STATES STEEL CORP 11,985 12,509
    UNITY SOFTWARE INC 53,370 76,260
    UNIVERSAL FOREST PRODUCTS, INC 2,771 3,028
    US BANCORP 19,798 21,431
    UTZ BRANDS 6,881 4,786
    VANGUARD ENERGY ETF 406,391 467,826
    VANGUARD FIN ETF 411,051 469,849
    VANGUARD INFORMATION TECHNOLOG 233,161 319,107
    VAREX IMAGING CORPORATION 4,482 6,176
    VEEVA SYSTEMS INC 55,281 61,183
    VERTEX ORD SHS CLASS A 22,823 19,488
    VIAD CORP 10,822 11,669
    VINCI SA ADR 5,303 6,554
    VODAFONE GROUP PLC 9,937 8,671
    VOLKSWAGEN AG ADR 12,705 16,089
    WASH REAL EST INV TR MARYLAND 5,726 6,794
    WAYFAIR INC 59,805 53,557
    WERNER ENTERPRISES INC 9,882 10,469
    WESTWOOD HLDGS GRP 2,616 2,314
    WHITING PETROLEUM CORP 5,572 11,789
    WIENERBERGER BAUSTOFF ADR 6,528 6,585
    WINGSTOP INC 5,151 6,726
    WUXI BIOLOGICS INC ADR 4,177 4,931
    XP INC CL A 947 755
    ZILLOW GROUP, INC (CL C) 60,280 58,655
    ZIONS BANCORP 10,726 12,157
    ZOOM VIDEO COMMUNICATIONS INC 113,300 81,571

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    US Government Securities - End of Year Book Value:

    223,576
    US Government Securities - End of Year Fair Market Value:

    222,087
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CAPITAL HOUSING PARTNERS CXII   18,279 0

    TY 2020 OtherExpensesSchedule
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 34,849     34,849
    Bank Charges 1,242 1,242    
    State or Local Filing Fees 235     235


    TY 2020 OtherIncomeSchedule2
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss CAPITAL HOUSING PARTNERS CXII 4,057 4,057  
    Class Action Lawsuit Proceeds 254 254  
    Federal Tax Refund 315    


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 95,286 95,286    
    Philanthropic Consulting Srvcs 10,205     10,205


    TY 2020 TaxesSchedule
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2021 8,000      
    990-PF Extension for 2020 1,600      
    Foreign Tax Paid 4,102 4,102