Form990-PF
Click to see attachment
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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
BEN AND CATHERINE IVY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6710 N SCOTTSDALE ROAD 235
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SCOTTSDALE, AZ85253
A Employer identification number

27-3322123
B Telephone number (see instructions)

(480) 659-9621
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$376,919,874J 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) 25,200
2 Check bullet.............
3 Interest on savings and temporary cash investments 121,610 117,110  
4 Dividends and interest from securities... 4,159,875 4,159,875 4,159,875
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 17,972,024
b Gross sales price for all assets on line 6a 58,147,463
7 Capital gain net income (from Part IV, line 2)... 17,972,024
8 Net short-term capital gain......... 7,486
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 170,662 170,662  
12 Total. Add lines 1 through 11........ 22,449,371 22,419,671 4,167,361
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 345,768     345,768
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 13,744     13,744
16a Legal fees (attach schedule)......... Click to see attachment 24,284 254   24,030
b Accounting fees (attach schedule)....... Click to see attachment 16,046     16,046
c Other professional fees (attach schedule).... Click to see attachment 692,788 392,788   300,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 391,974 101,470    
19 Depreciation (attach schedule) and depletion... Click to see attachment 3,812    
20 Occupancy.............. 69,169     69,169
21 Travel, conferences, and meetings....... 9,260     9,260
22 Printing and publications.......... 5,627     5,627
23 Other expenses (attach schedule)....... Click to see list of attachments 166,257 62,636   103,621
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,738,729 557,148   887,265
25 Contributions, gifts, grants paid....... 15,172,254 15,172,254
26 Total expenses and disbursements. Add lines 24 and 25 16,910,983 557,148   16,059,519
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,538,388
b Net investment income (if negative, enter -0-) 21,862,523
c Adjusted net income (if negative, enter -0-)... 4,167,361
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 38,230,691 29,896,827 29,896,827
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.......... 115,504    
10a Investments—U.S. and state government obligations (attach schedule) 98,807 98,807 97,233
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet2,296,477
Less: accumulated depreciation (attach schedule) bullet   2,296,477 Click to see attachment2,296,477 2,296,477
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 256,843,216 Click to see attachment270,844,207 344,611,694
14 Land, buildings, and equipment: basis bullet107,279
Less: accumulated depreciation (attach schedule) bullet92,839 18,252 Click to see attachment14,440 14,440
15 Other assets (describe bullet) Click to see attachment3,203 Click to see attachment3,203 Click to see attachment3,203
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 297,606,150 303,153,961 376,919,874
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) Click to see attachment7,750 Click to see attachment8,178
23 Total liabilities (add lines 17 through 22)......... 7,750 8,178
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........... 297,598,400 303,145,783
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)..... 297,598,400 303,145,783
30 Total liabilities and net assets/fund balances (see instructions). 297,606,150 303,153,961
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
297,598,400
2
Enter amount from Part I, line 27a .....................
2
5,538,388
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
8,995
4
Add lines 1, 2, and 3 ..........................
4
303,145,783
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
303,145,783
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 13914.011 GROWTH FUND OF AMERICA A P 2019-12-31 2021-02-09
b 31167.212 NEW PERSPECTIVE FUND A P 2019-12-31 2021-02-09
c 22967.386 SMALLCAP WORLD FUND P 2019-12-31 2021-02-09
d 32113.038 CAPITAL WORLD GROWTH & INCOME FUND A P 2019-12-31 2021-02-09
e 41186.161 INCOME FUND OF AMERICA P 2019-12-31 2021-02-09
260327.135 INTERMEDIATE BOND FUND P 2021-12-31 2021-12-31
SAGEPOINT FUNDS P 2019-12-31 2021-12-31
Capital Gain Dividends      
(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 1,000,000   626,042 373,958
b 2,000,000   1,284,849 715,151
c 2,000,000   1,098,023 901,977
d 2,000,000   1,509,937 490,063
e 1,000,000   873,986 126,014
3,600,000   3,592,514 7,486
30,938,365   31,190,088 -251,723
      15,609,098
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       373,958
b       715,151
c       901,977
d       490,063
e       126,014
      7,486
      -251,723
       
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 17,972,024
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 7,486
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........................... 3 303,889
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- ..... 5 303,889
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 115,504
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 250,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 365,504
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 61,615
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet61,615 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)
    bulletAZ
    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 .Click to see attachment
    8b
     
    No
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.IVYFOUNDATION.ORG
    14
    The books are in care ofbulletCATHERINE E IVY Telephone no.bullet (480) 659-9621

    Located atbullet6710 N SCOTTSDALE ROAD 235SCOTTSDALEAZ ZIP+4bullet85253
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CATHERINE E IVY President
    60.00     		337,247 8,521  
    6710 N SCOTTSDALE ROAD 235
    SCOTTSDALE,AZ85253
    MEGAN EDWARDS Treasurer
    1.00     		0    
    235 W MAIN ST
    LOS GATOS,CA95030
    STEPHANIE MCRAE ESQ Secretary
    1.00     		0    
    445 N 5TH ST STE 600
    PHOENIX,AZ85004
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    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
    GREENWICH MANAGEMENT INVESTMENT CONSULTING 392,788
    6710 N SCOTTSDALE RD 235
    SCOTTSDALE,AZ85253
    INNER SUNSET LLC SCIENTIFIC MED ADVICE 300,000
    10645 N TATUM BLVD STE C200-501
    PHOENIX,AZ85028
    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  
    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
    328,526,794
    b
    Average of monthly cash balances.......................
    1b
    34,316,743
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,396,477
    d
    Total (add lines 1a, b, and c).........................
    1d
    365,240,014
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    365,240,014
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    5,478,600
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    359,761,414
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    17,988,071
    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
    17,988,071
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    303,889
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    303,889
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    17,684,182
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    17,684,182
    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
    17,684,182
    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 17,684,182
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 15,181,660
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 16,059,519
    a Applied to 2020, but not more than line 2a 15,181,660
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 877,859
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		16,806,323
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    httpwwwivyfoundationorg
    6710 NORTH SCOTTSDALE ROAD 235
    SCOTTSDALE,AZ85253
    (480) 659-9621
    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
    TRANSLATIONAL GENOMICS RESEARCH TGE
    445 N FIFTH ST 600
    PHOENIX,AZ85004     		NONE   NEUROLOGICAL SCIENCES INTERNSHIP PROGRAM AT TGEN DESIGNED TO GIVE HIGH SCHOOL AND UNDERGRADUATE STUDENTS INTENSIVE, HANDS-ON RESEARCH EXPERIENCE WORKING ALONGSIDE A MENTOR-SCIENTIST TO LEARN ABOUT TRANSLATIONAL RESEARCH WHILE INVESTIGATING QUESTIONS WITHIN NEUROLOGICAL SCIENCES. 93,395
    UT SOUTHWESTERN MEDICAL CENTER
    5323 HARRY HINES BLVD
    DALLAS,TX75390     		NONE   PRECLINICAL INVESTIGATION OF FOCUS ULTRASOUND GUIDED DELIVERY TO FACILITATE A LIPOPROTEIN-OMEGA-3 FATTY ACID-BASED BIOLOGICAL THERAPY IN GLIOBLASTOMA. PAYMENT 1 OF 2. 210,430
    NEURO TRIALS LLC
    2910 NORTH THIRD AVENUE
    PHOENIX,AZ85013     		NONE   IVY BRAIN TUMOR CENTER BUILDING EXPANSION. PAYMENT 2. 5,000,000
    AZ CORONA VIRUS RELIEF FUND
    150 NORTH 18TH AVE
    PHOENIX,AZ85007     		NONE   DIRECT COSTS FOR 24/7 VACCINATION POD EFFORTS IN THE STATE OF ARIZONA. 1,000,000
    UNIVERSITY OF TX MD ANDERSON CANCER
    PO BOX 4266
    HOUSTON,TX77210     		NONE   RETURN OF UNUSED FUNDS. -268,349
    SWEDISH MEDICAL CENTER
    747 BROADWAY
    SEATTLE,WA98122     		NONE   RETURN OF UNUSED FUNDS. -313,178
    MAYO CLINIC COLLEGE OF MEDICINE
    200 1ST ST SW
    ROCHESTER,MN55905     		NONE   IMMUNOSTIMULATORY BACTERIAL ANTIGENS EXPRESSED IN ONCOLYTIC VIRAL PLATFORMS WILL BE TESTED IN PRECLINICAL MODELS OF GLIOBLASTOMA TO OVERCOME IMMUNE CHECKPOINT INHIBITOR RESISTANCE. PAYMENT 1 OF 2. 300,000
    EMORY UNIVERSITY
    201 DOWMAN DR
    ATLANTA,GA30322     		NONE   (YEAR 2 OF 2)DR RENEE READ EMERGING LEADER AWARD - USING PRE-CLINICAL EXPERIMENTAL MODELS, GLIOBLASTOMAS TUMORS DISPLAY THERAPEUTIC VULNERABILITY TO PHARMACOLOGIC TREATMENT WITH THE YAP/TAZ INHIBITOR AND PORPHYRIN DERIVATIVE VERTEPORFIN. TESTING OF AN FDA-APPROVED LIPOSOMAL FORMULATION OF VERTEPORFIN IN A PHASE 1/2 CLINICAL TRIALS IN HUMAN GLIOBLASTOMA PATIENTS AND TO IDENTIFY BIOMARKERS PREDICTIVE OF THERAPEUTIC RESPONSE TO THIS DRUG. 250,000
    SOCIETY OF ST VINCENT DE PAUL
    420 W WATKINS RD
    PHOENIX,AZ85003     		NONE   CENTER FOR FAMILY WELLNESS ESTABLISHED TO FOCUS ON THE PREVENTION AND MANAGEMENT OF CHRONIC DISEASES THROUGH NUTRITION, PHYSICAL ACTIVITY AND OVERALL WELLNESS. ITS CULTURALLY GROUNDED BILINGUAL EDUCATION PROGRAMS ENCOURAGE THE WHOLE FAMILY TO PARTICIPATE. PAYMENT #2. 250,000
    FRED HUTCHISON CANCER RESEARCH CENT
    PO BOX 19024 MAIL STOP J6-330
    SEATTLE,WA98109     		NONE   (YEAR 2 OF 2) DR ERIC HOLLAND TRANSLATIONAL GLIOMA AWARD - CO CLINICAL TRIALS FOR GENE FUSION DRIVEN BRAIN TUMORS USING MOUSE MODELS TO INFORM DRUG DEVELOPMENT. 300,000
    ARCS FOUNDATION
    PO BOX 240
    ARTESIA,CA90720     		NONE   ADVANCE SCIENCE AND TECHNOLOGY IN THE UNITED STATES BY PROVIDING AWARDS TO ACADEMICALLY OUTSTANDING US CITIZENS STUDYING TO COMPLETE DEGREES IN SCIENCE, ENGINEERING AND MEDICAL RESEARCH. 8,800
    UNIVERSITY OF MICHIGAN
    500 S STATE ST
    ANN ARBOR,MI48109     		NONE   NEW METHODS WILL BE DEVELOPED TO MEASURE THE ACTIVITY OF TUMOR METABOLIC PATHWAYS IN PATIENTS WITH GLIOBLASTOMA AND TO DETERMINE WHETHER DRUGS DESIGNED TO BLOCK THESE PATHWAYS ARE SUITABLE. PAYMENT 1 OF 2. 300,000
    UNIV OF NEW MEXICO HEALTH SCIENCES
    1021 MEDICAL ARTS AVE NE
    ALBUQUERQUE,NM87102     		NONE   IDENTIFY MECHANISMS UNDERLYING INFLAMMATORY CELL CONTRIBUTION TO THE EMERGENCE OF THE RECURRENT TUMOR BY SINGLE-CELL ANALYSIS OF RESIDUAL DISEASE IN GLIOBLASTOMA PATIENTS. PAYMENT 1 OF 2. 300,000
    REGENTS OF UNIV OF CA UCLA
    300 UCLA MEDICAL PLAZA
    LOS ANGELES,CA90095     		NONE   REFUND OF UNUSED FUNDS. -31,677
    UNIV OF MIAMI MILLER SCHOOL OF MEDI
    1600 NW 10TH AVE 1140
    MIAMI,FL33136     		NONE   USING PATIENT DERIVED ORTHOTOPIC XENOGRAFT MODELS AND A NOVEL IMMUNOCOMPETENT MODEL OF GBM, THE EFFICACY OF A MTl-MMP INHIBITOR IN COMBINATION WITH RADIATION/TMZ WILL BE TESTED TO DETERMINE ITS EFFECTS ON THE IMMUNE COMPONENT OF THE TUMOR MICROENVIRONMENT. PAYMENT 1 OF 2. 300,000
    CITY OF HOPE MEDICAL CENTER
    1500 E DUARTE ROAD
    DUARTE,CA91010     		NONE   ENHANCING CHIMERIC ANTIGEN RECEPTOR (CAR) T CELL THERAPY FOR GLIOBLASTOMA THROUGH THE INDUCTION OF IFN-SIGNALING PATHWAYS. THIS APPROACH AIMS TO ADDRESS TWO OF THE MAJOR CHALLENGES OF IMMUNOTHERAPIES FOR GBM, THE IMMUNOSUPPRESSIVE TUMOR MICROENVIRONMENT (TME) AND THE TUMOR HETEROGENEITY. PAYMENT 2 OF 2. 300,000
    MAYO CLINIC
    4500 SAN PABLO RD S
    JACKSONVILLE,FL32224     		NONE   DEVELOPMENT OF A TRANSCRIPTOMICALLY-GUIDED THERAPEUTIC STRATEGY THAT COMBINES TARGETED THERAPIES THAT BOTH EFFECTIVELY TREAT GLIOBLASTOMA AND PREVENT THE EMERGENCE OF TREATMENT RESISTANCE. PAYMENT 2 OF 2. 300,000
    NOTMYKID
    5230 E SHEA BLVD
    SCOTTSDALE,AZ85254     		NONE   LIFESAVING PROGRAMS, SUPPORT, RESOURCES, AND EDUCATION TO EMPOWER ADN EDUCATE YOUTH, FAMILES, AND COMMUNITIES WITH THE KNOWLEDGE AND COURAGE TO IDENTIFY AND PREVENT NEGATIVE YOUTH BEHAVIOR. 575
    MARICOPA COMMUNITY COLLEGES FOUNDAT
    2419 W 14TH STREET
    TEMPE,AZ85281     		NONE   The foundation actively seeks contributions from a variety of private sources including individuals, corporations, and foundations and believes that everyone has the opportunity to improve their lives through education. MCCCDF works to fulfill this vision with its mission to boldly impact the community through innovative and strategic partnerships for the growth and benefit of the Maricopa Community Colleges, its students, faculty, and staff. 1,000
    DANA-FARBER CANCER INSTITUTE
    44 BINNEY ST
    BOSTON,MA02115     		    RETURN OF UNUSED FUNDS. -610,671
    NEUROTRIALS LLC
    2910 N 3RD AVE 450
    PHOENIX,AZ85013     		NONE   IVY BRAIN TUMOR CENTER. PAYMENTS 4 & 5. 5,152,500
    NEUROTRIALS LLC
    2910 N 3RD AVE 450
    PHOENIX,AZ85013     		NONE   ADVERTISING #3. ADVERTISING AT SKY HARBOR AIRPORT. 494,429
    NEURO TRIALS LLC
    2910 N 3RD AVE 450
    PHOENIX,AZ85013     		NONE   RESTRICTED FUNDS FOR THE PURCHASE OF A LIQUID CHROMATOGRAPHY-TANDEM MASS SPECTROMETRY (LC-MS/MS) 600,000
    NEUROTRIALS LLC
    2910 N 3RD AVE 450
    PHOENIX,AZ85013     		NONE   IVY BRAIN TUMOR CENTER - UNRESTRICTED 25,000
    YALE CANCER CENTER
    333 CEDAR ST
    NEW HAVEN,CT06510     		NONE   USE OF A NOVEL TRANSFORMATIONAL PLATFORM FOR RAPID IDENTIFICATION OF TARGETS AND TREATMENTS TO INHIBIT GROWTH AND INVASION OF GLIOBLASTOMA CELLS BASED ON RAPID PATIENT SAMPLE SCREENING USING NOVEL NANO-ENGINEERING TECHNIQUES. PAYMENT 1 OF 2. 300,000
    H LEE MOFFITT CANCER CENTER
    200 1ST ST SW
    ROCHESTER,MN55905     		NONE   IN EXAMINING THE ROLE OF TUMORS CELLS IN MODULATING BONE MARROW-DERIVED MACROPHAGES AND MICROGLIA, THIS STUDY SEEKS TO TAILOR NOVEL THERAPEUTICS FOR TARGETING OF TUMOR ASSOCIATED MACROPHAGES. PAYMENT 1 OF 2. 300,000
    VIRGINIA TECH
    2 RIVERSIDE CIRCLE
    ROANOKE,VA24016     		NONE   TO INHIBIT TUMOR CELL INVASION AND INVASION, TARGETED THERAPEUTICS WILL BE COUPLED TO BIOMARKER-BASED IMAGING IN PATIENT-SPECIFIC MODELS OF GLIOBLASTOMA. PAYMENT 1 OF 2. 250,000
    VANDERBILT UNIVERSITY
    1161 21ST AVE S D3300
    NASHVILLE,TN37232     		NONE   USING SINGLE-CELL AND SYSTEMS BIOLOGY APPROACHES IN GLIOBLASTOMA, CELL SUBTYPES WILL BE MAPPED TO GLIOBLASTOMA TISSUES AND EXPERIMENTAL MODELS, ENABLING IDENTIFICATION AND PRECLINICAL TARGETING OF INTERACTIONS BETWEEN CANCER CELLS, IMMUNE CELLS, AND LOCATION SPECIFIC RESIDENT BRAIN CELLS. PAYMENT 1 OF 2. 250,000
    DAMON RUNYON CANCER RESEARCH FDN
    55 BROADWAY STE 302
    NEW YORK,NY10006     		NONE   INVESTIGATION OF A BIOMARKER PHASE 2 STUDY TO EVALUATE TARGETED THERAPY HARBORING SPECIFIC GENETIC ALTERATIONS. PAYMENT 2 OF 2 110,000
    Total .................................bullet 3a 15,172,254
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 117,110 4,500
    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 ............     		      15,609,098 2,362,926
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP INCOME (LOSS)     		    14 170,662  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   20,056,745 2,367,426
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    22,424,171
    (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.)
    3 INTEREST ON STATE AND LOCAL BONDS EXCLUDED FROM TAX BY SECTION 103
    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: 21013475
    Software Version: 2021v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    BEN AND CATHERINE IVY FOUNDATION
     
    Employer identification number

    27-3322123
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    BEN AND CATHERINE IVY FOUNDATION
          		Employer identification number
    27-3322123
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    WILLIAM POST
    4235 E CLAREMONT ST
     
    PARADISE VALLEY, AZ85253

    		$ 25,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    BEN AND CATHERINE IVY FOUNDATION
          		Employer identification number

    27-3322123
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    BEN AND CATHERINE IVY FOUNDATION
          		Employer identification number

    27-3322123
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID: 21013475
    Software Version: 2021v4.0

    TY 2021 AccountingFeesSchedule
    Name:
    BEN AND CATHERINE IVY FOUNDATION
    EIN:
    27-3322123
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BOOKKEEPING & ACCOUNTING SERVICES 16,046 0 0 16,046

    TY 2021 ContractorCompensationExpln
    Name:
    BEN AND CATHERINE IVY FOUNDATION
    EIN:
    27-3322123
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Contractor Explanation
    GREENWICH MANAGEMENT INVESTMENT CONSULTING
    INNER SUNSET LLC SCIENTIFIC MEDICAL ADVISOR FOR GRANTS

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

    TY 2021 DepreciationSchedule
    Name:
    BEN AND CATHERINE IVY FOUNDATION
    EIN:
    27-3322123
    Software ID:
    21013475
    Software Version:
    2021v4.0
    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
    LEASEHOLD IMPROVEMENTS 2011-10-01 26,625 17,390 150DB 5.91 % 1,574      
    FURNITURE 2015-12-21 4,286 3,584 200DB 8.73 % 374      
    AWE FURNITURE 2016-06-08 5,734 4,454 200DB 8.92 % 511      
    LEASEHOLD IMPROVEMENTS 2016-01-05 6,177 2,328 150DB 6.23 % 385      
    FURNITURE & FIXTURES 2019-04-24 3,295 1,278 200DB 17.49 % 576      
    COMPUTER 2019-10-08 1,050 546 200DB 19.20 % 202      
    OFFICE FURNITURE 2020-02-18 777 111 200DB 24.49 % 190      

    TY 2021 ExplnOfNonFilingWithAGStmt
    Name:
    BEN AND CATHERINE IVY FOUNDATION
    EIN:
    27-3322123
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Statement:
    NOT REQUIRED

    TY 2021 InvestmentsLandSchedule2
    Name:
    BEN AND CATHERINE IVY FOUNDATION
    EIN:
    27-3322123
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 2,296,477   2,296,477 2,296,477

    TY 2021 InvestmentsOtherSchedule2
    Name:
    BEN AND CATHERINE IVY FOUNDATION
    EIN:
    27-3322123
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    REAL ESTATE RELATED PARTNERSHIPS FMV 100,000 100,000
    SAGEPOINT - MUTUAL FUNDS AT COST    
    AMERICAN FUNDS - MUTUAL FUNDS AT COST 240,997,565 315,080,611
    SCHWAB - MUTUAL FUNDS AT COST 756,656 757,564
    VANGUARD - MUTUAL FUNDS AT COST 28,989,986 28,673,519

    TY 2021 LandEtcSchedule2
    Name:
    BEN AND CATHERINE IVY FOUNDATION
    EIN:
    27-3322123
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 54,015 51,001 3,014 3,014
    Machinery and Equipment 20,462 20,161 301 301
    Improvements 32,802 21,677 11,125 11,125


    TY 2021 LegalFeesSchedule
    Name:
    BEN AND CATHERINE IVY FOUNDATION
    EIN:
    27-3322123
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL ADVICE & COUNSEL 24,284 254 0 24,030


    TY 2021 OtherAssetsSchedule
    Name:
    BEN AND CATHERINE IVY FOUNDATION
    EIN:
    27-3322123
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSITS 3,203 3,203 3,203


    TY 2021 OtherExpensesSchedule
    Name:
    BEN AND CATHERINE IVY FOUNDATION
    EIN:
    27-3322123
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 6,849     6,849
    AUTO 91     91
    BUS. ENT, MEETINGS & CONV 5,769     5,769
    BUSINESS PROMOTION 2,912     2,912
    COMPUTER EXPENSE 4,416     4,416
    DUES & SUBSCRIPTIONS 27,097     27,097
    INSURANCE 8,322     8,322
    LICENSE & FEES 57,590 57,416   174
    OUTSIDE SERVICES 53,086 5,220   47,866
    POSTAGE & DELIVERY 125     125


    TY 2021 OtherIncomeSchedule2
    Name:
    BEN AND CATHERINE IVY FOUNDATION
    EIN:
    27-3322123
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME (LOSS) 170,662    


    TY 2021 OtherIncreasesSchedule
    Name:
    BEN AND CATHERINE IVY FOUNDATION
    EIN:
    27-3322123
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Amount
    UNREALIZED GAIN 8,995


    TY 2021 OtherLiabilitiesSchedule
    Name:
    BEN AND CATHERINE IVY FOUNDATION
    EIN:
    27-3322123
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAXES PAYABLE 7,750 8,178


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    BEN AND CATHERINE IVY FOUNDATION
    EIN:
    27-3322123
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS PROFESSIONAL FEES 692,788 392,788 0 300,000


    TY 2021 TaxesSchedule
    Name:
    BEN AND CATHERINE IVY FOUNDATION
    EIN:
    27-3322123
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 55,436 55,436    
    PROPERTY TAX 46,034 46,034    
    TAX ON INVESTMENT INCOME 290,504