Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
VERA AND JOSEPH DRESNER FOUNDATION
DBA DRESNER FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)6960 ORCHARD LAKE ROAD STE 149
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WEST BLOOMFIELD, MI48322
A Employer identification number

20-5838578
B Telephone number (see instructions)

(248) 785-0299
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$159,976,401J Accounting method:
MODIFIED CASH
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 12,234 12,234 12,234
4 Dividends and interest from securities... 2,979,313 2,979,313 2,979,313
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,887,396
b Gross sales price for all assets on line 6a 17,277,915
7 Capital gain net income (from Part IV, line 2)... 7,887,396
8 Net short-term capital gain......... 1,610
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 2,027,823 1,982,211 2,027,823
12 Total. Add lines 1 through 11........ 12,906,766 12,861,154 5,020,980
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 979,400 439,106   540,294
14 Other employee salaries and wages...... 415,375 107,764   307,611
15 Pension plans, employee benefits....... 344,325 125,827   218,498
16a Legal fees (attach schedule)......... Click to see attachment 7,410     7,410
b Accounting fees (attach schedule)....... Click to see attachment 3,950 988   2,962
c Other professional fees (attach schedule).... Click to see attachment 552,949 409,086   143,863
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 106,107 5,793   314
19 Depreciation (attach schedule) and depletion... Click to see attachment 9,722 4,860  
20 Occupancy.............. 115,619 10,401   105,218
21 Travel, conferences, and meetings....... 4,523 2,681   1,842
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 103,513 17,401   92,658
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,642,893 1,123,907   1,420,670
25 Contributions, gifts, grants paid....... 5,849,805 5,849,805
26 Total expenses and disbursements. Add lines 24 and 25 8,492,698 1,123,907   7,270,475
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,414,068
b Net investment income (if negative, enter -0-) 11,737,247
c Adjusted net income (if negative, enter -0-)... 5,020,980
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............. 53,407 39,371 39,371
2 Savings and temporary cash investments......... 2,226,245 2,121,933 2,121,933
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 93,035,967 Click to see attachment104,560,274 104,560,274
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans............. 1,424,049 1,117,726 1,117,726
13 Investments—other (attach schedule).......... 58,171,604 Click to see attachment50,996,996 50,996,996
14 Land, buildings, and equipment: basis bullet180,208
Less: accumulated depreciation (attach schedule) bullet131,218 58,712 Click to see attachment48,990  
15 Other assets (describe bullet) Click to see attachment849,566 Click to see attachment1,140,101 Click to see attachment1,140,101
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 155,819,550 160,025,391 159,976,401
Liabilities 17 Accounts payable and accrued expenses.......... 5,638  
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)......... 5,638 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 155,813,912 160,025,391
29 Total net assets or fund balances (see instructions)..... 155,813,912 160,025,391
30 Total liabilities and net assets/fund balances (see instructions). 155,819,550 160,025,391
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
155,813,912
2
Enter amount from Part I, line 27a .....................
2
4,414,068
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
160,227,980
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
202,589
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
160,025,391
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 LPL FINANCIAL P 2021-01-01 2021-12-31
b LPL FINANCIAL P 2020-12-01 2021-12-31
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 30,847   29,237 1,610
b 13,518,238   9,361,282 4,156,956
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       1,610
b       4,156,956
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 7,887,396
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 1,610
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........................... 3 163,148
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- ..... 5 163,148
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 106,786
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 106,786
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 56,362
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.DRESNERFOUNDATION.ORG
    14
    The books are in care ofbulletKEVIN FURLONG Telephone no.bullet (248) 785-0299

    Located atbullet6960 ORCHARD LAKE ROAD SUITE 149WEST BLOOMFIELDMI ZIP+4bullet48322
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
    Yes
     
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    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
    LORI DRESNER DIRECTOR/PRE
    40.00     		362,500 67,874 0
    6960 ORCHARD LAKE ROAD SUITE 149
    WEST BLOOMFIELD,MI48322
    KEVIN FURLONG DIRECTOR/CFO
    40.00     		318,250 74,516 0
    6960 ORCHARD LAKE ROAD SUITE 149
    WEST BLOOMFIELD,MI48322
    GARY WEISMAN DIRECTOR/VP
    15.00     		179,250 0 0
    6960 ORCHARD LAKE ROAD SUITE 149
    WEST BLOOMFIELD,MI48322
    MARK S COHN DIRECTOR/SEC
    15.00     		119,400 29,850 0
    6960 ORCHARD LAKE ROAD SUITE 149
    WEST BLOOMFIELD,MI48322
    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
    VIRGINIA ROMANO EXECUTIVE DI
    40.00     		189,760 47,440  
    6960 ORCHARD LAKE ROAD SUITE 149
    WEST BLOOMFIELD,MI48322
    JEFF JOHNSON DIRECTOR OF
    40.00     		122,940 28,785  
    6960 ORCHARD LAKE RD 120
    WEST BLOOMFIELD,MI48322
    ERIN MARIE MCDONALD GRANT/PROGRA
    40.00     		65,025 19,870  
    6960 ORCHARD LAKE RD 149
    WEST BLOOMFIELD,MI48322
    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
    CRUDEN BAY INVESTMENT MGMT LLC INVESTMENT MGMT 363,146
    2945 TOWNSGATE RD
    SUITE 200
    WESTLAKE VILLAGE,CA91361
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    94,216,739
    b
    Average of monthly cash balances.......................
    1b
    2,270,277
    c
    Fair market value of all other assets (see instructions)................
    1c
    61,754,533
    d
    Total (add lines 1a, b, and c).........................
    1d
    158,241,549
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    158,241,549
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,373,623
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    155,867,926
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    7,793,396
    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
    7,793,396
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    163,148
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    163,148
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,630,248
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    306,546
    5
    Add lines 3 and 4............................
    5
    7,936,794
    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
    7,936,794
    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 7,936,794
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 6,220,798
    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$ 7,552,500
    a Applied to 2020, but not more than line 2a 6,220,798
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 1,331,702
    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 ..........     		6,605,092
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    JDRF
    24359 NORTHWESTERN HWY
    SOUTHFIELD,MI48075     		  501(C)(3) PROGRAM SUPPORT 1,000
    WAYNE STATE UNIVERSITY
    PO BOX 674602
    DETROIT,MI48267     		  501(C)(3) PROGRAM SUPPORT 1,000
    DETROIT CRIME COMMISSION
    26211 CENTRAL PARK BLVD
    SUITE 304
    SOUTHFIELD,MI48078     		  501(C)(3) PROGRAM SUPPORT 1,000
    THE MARFAN FOIUNDATION
    22 MANHASSET AVE
    PORT WASHINGTON,NY11050     		  501(C)(3) PROGRAM SUPPORT 1,000
    ORLANDO HEALTH FOUNDATION
    3160 SOUTHGATE COMMERCE
    SUITE 50
    ORLANDO,FL32806     		  501(C)(3) PROGRAM SUPPORT 1,000
    URBAN RENEWAL INITIATIVE FOUNDATION
    PO BOX 36275
    GROSS POINTE,MI48230     		  501(C)(3) PROGRAM SUPPORT 1,000
    ROSE HILL FOUNDATION
    5130 ROSE HILL BLVD
    HOLLY,MI48442     		  501(C)(3) PROGRAM SUPPORT 1,000
    FOLDS OF HONOR
    PO BOX 73
    GRAND HAVEN,MI49417     		  501(C)(3) PROGRAM SUPPORT 2,500
    ORT AMERICA
    6735 TELEGRAPH RD
    SUITE 350
    BLOOMFIELD HILLS,MI48301     		  501(C)(3) GENERAL SUPPORT 2,500
    THE CHAD TOUGH FOUNDATION
    PO BOX 907
    SALINE,MI48176     		  501(C)(3) PROGRAM SUPPORT 2,500
    DEFEAT THE LABEL
    6441 INSKTER RD
    STE 160
    BLOOMFIELD HILLS,MI48135     		  501(C)(3) GENERAL SUPPORT 3,000
    FRIENDS OF THE PENN
    760 PENNIMAN AVE
    PLYMOUTH,MI48170     		  501(C)(3) PROGRAM SUPPORT 5,000
    FRIENDSHIP CIRCLE OF COLORADO
    9950 LONE TREE PARKWAY
    LONE TREE,CO80124     		  501(C)(3) PROGRAM SUPPORT 5,000
    HABIC - CSU FOUNDATION
    1586 CAMPUS DELIVERY
    FORT COLLINS,CO80523     		  501(C)(3) PROGRAM SUPPORT 5,000
    HIGHER HOPES
    8898 COMMERCE RD
    5C
    COMMERCE,MI48382     		  501(C)(3) PROGRAM SUPPORT 5,000
    MADONNA UNIVERSITY
    36600 SCHOOLCRAFT
    LIVONIA,MI48150     		  501(C)(3) PROGRAM SUPPORT 5,000
    UNIVERSITY OF MICHIGAN
    3003 SOUTH STATE ST
    SUITE 9000
    ANN ARBOR,MI48109     		  501(C)(3) PROGRAM SUPPORT 5,000
    FRANKLIN-BINGHAM FARMS POLICE BEN
    PO BOX 20052
    FRANKLIN,MI48025     		  501(C)(3) PROGRAM SUPPORT 5,000
    DETROIT HORSE POWER
    PO BOX 38115
    DETROIT,MI48238     		  501(C)(3) PROGRAM SUPPORT 5,625
    MOSIAC YOUTH THEATER DETROIT
    2251 ANTIETAM AVENUE
    DETROIT,MI48207     		  501(C)(3) PROGRAM SUPPORT 5,625
    RACQUET UP DETROIT
    PO BOX 11404
    DETROIT,MI48211     		  501(C)(3) PROGRAM SUPPORT 5,625
    THE HENRY FORD
    20900 OAKWOOD
    DEARBORN,MI48124     		  501(C)(3) GENERAL SUPPORT 7,500
    BRAIN INJURY ASSOCIATION OF MICHIGA
    8137 WEST GRAND RIVER
    SUITE A
    BRIGHTON,MI48116     		  501(C)(3) GENERAL SUPPORT 10,000
    CARBONDALE CLAY CENTER
    135 MAIN STREET
    CARBONDALE,CO81623     		  501(C)(3) PROGRAMMATIC SUPPORT 10,000
    COUNCIL OF MICHIGAN FOUNDATIONS
    1 S HARBOR DR
    NO 3
    GRAND HAVEN,MI48322     		  501(C)(3) PROGRAM SUPPORT 10,000
    DETROIT DOG RESCUE
    PO BOX 806119
    ST CLAIR SHORES,MI48080     		  501(C)(3) PROGRAM SUPPORT 10,000
    DETROIT2NEPAL FOUNDATION
    2035 BAYOU
    WEST BLOOMFIELD,MI48323     		  501(C)(3) GENERAL SUPPORT 10,000
    EDUCATION EXCELLENCE FUND
    454 SOUTH HARVEY STREET
    PLYMOUTH,MI48170     		  501(C)(3) PROGRAM SUPPORT 10,000
    FAMILY REACH FOUNDATION
    142 BERKELEY ST
    4TH FLOOR
    BOSTON,MA02116     		  501(C)(3) PROGRAM SUPPORT 10,000
    DENVER ART MUSEUM INC
    PO BOX 17765
    DENVER,CO80204     		  501(C)(3) PROGRAM SUPPORT 15,000
    LUBAVITCH FOUNDATION
    14100 W NINE 9 MILE RD
    OAK PARK,MI48237     		  501(C)(3) GENERAL SUPPORT 15,000
    THE MAKE-A-WISH FOUNDATION OF MI
    7600 GRAND RIVER AVE
    BRIGHTON,MI48114     		  501(C)(3) GENERAL SUPPORT 18,500
    ACCOUNTING AID SOCIETY
    3031 W GRAND BLVD
    DETROIT,MI48202     		  501(C)(3) PROGRAM SUPPORT 20,000
    PLATTEFORUM
    2700 ARAPHAOE ST
    SUITE 102
    DENVER,CO80205     		  501(C)(3) PROGRAM SUPPORT 20,000
    STARFISH FAMILY SERVICES
    30000 HIVELY
    INKSTER,MI48141     		  501(C)(3) PROGRAM SUPPORT 20,000
    THE ROCKET GIVING FUND
    303 EAST WACKER DRIVE
    SUITE 2200
    CHICAGO,IL60601     		  501(C)(3) PROGRAM SUPPORT 20,000
    EVANS SCHOLAR FOUNDATION
    ONE BRIAR ROAD
    GOLF,IL60614     		  501(C)(3) PROGRAM SUPPORT 21,750
    ASPEN COMMUNITY FOUNDATION
    110 EAST HALLAN ST
    SUITE 126
    ASPEN,CO81611     		  501(C)(3) PROGRAM SUPPORT 25,000
    BEAUMONT HEALTH FOUNDATION
    26901 BEAUMONT BLVD
    SOUTHFIELD,MI48033     		  501(C)(3) PROGRAM SUPPORT 25,000
    FIGURE SKATING IN DETROIT
    553 E JEFFERSON
    DETROIT,MI48226     		  501(C)(3) PROGRAM SUPPORT 25,000
    DETROIT INSTITUTE OF ARTS
    5200 WOODWARD AVE
    DETROIT,MI48202     		  501(C)(3) PROGRAM SUPPORT 29,211
    FIRST STEP
    44567 PINTREE DR
    PLYMOUTH,MI48170     		  501(C)(3) PROGRAM SUPPORT 30,000
    LIGHTHOUSE MICHIGAN
    46156 WOODWARD AVE
    PONTIAC,MI48342     		  501(C)(3) PROGRAM SUPPORT 33,000
    VISTA MARIA
    20651 W WARREN ST
    DEARBORN HEIGHTS,MI48127     		  501(C)(3) PROGRAM SUPPORT 33,240
    COMMUNITY FOUNDATION OF SE MICHIGAN
    333 W FORT ST
    DETROIT,MI48226     		  501(C)(3) PROGRAM SUPPORT 33,333
    ZAMAN INTERNATIONAL
    26091 TROWBRIDGE ST
    INKSTER,MI48141     		  501(C)(3) PROGRAM SUPPORT 33,500
    JEWISH FEDERATION OF DETROIT
    6735 TELEGRAPH RD
    BLOOMFIELD,MI48303     		  501(C)(3) PROGRAM SUPPORT 37,000
    FOOD GATHERERS
    1 CARROT WAY
    ANN ARBOR,MI48105     		  501(C)(3) PROGRAM SUPPORT 40,000
    MAURICE & JANE SUGAR LAW CENTER
    4605 CASS AVE
    DETROIT,MI48201     		  501(C)(3) PROGRAM SUPPORT 40,000
    OAKLAND LIVINGSTON HUMAN SERVICE
    196 CESAR CHAVEZ AVE
    PONTIAC,MI48343     		  501(C)(3) PROGRAM SUPPORT 48,000
    YPSILANTI MEALS ON WHEELS
    1110 W CROSS ST
    YPSILANTI,MI48197     		  501(C)(3) PROGRAM SUPPORT 50,000
    HONOR COMMUNITY HEALTH
    461 WEST HURON ST
    SUITE 103
    PONTIAC,MI48341     		  501(C)(3) PROGRAM SUPPORT 50,000
    MICHIGAN EDUCATION EXCELLANCE FOUND
    1420 WASHINGTON BLVD
    DETROIT,MI48226     		  501(C)(3) PROGRAM SUPPORT 62,000
    JEWISH FAMILY SERVICES OF CO
    3201 S TAMARAC DRIVE
    SUITE 200
    DENVER,CO80231     		  501(C)(3) PROGRAMMATIC SUPPORT 65,000
    SAMARITAN CENTER
    5555 CONNER ST
    DETROIT,MI48213     		  501(C)(3) PROGRAM SUPPORT 67,640
    MATRIX HUMAN SERVICES
    1400 WOODBRIDGE ST
    DETROIT,MI48207     		  501(C)(3) PROGRAM SUPPORT 75,000
    PRODIGY VENTURES
    3801 E 49TH STREET
    DENVER,CO80205     		  501(C)(3) PROGRAM SUPPORT 75,000
    COLORADO CENTENIAL FUND
    1635 W 13TH AVE
    SUITE 303
    DENVER,CO80204     		  501(C)(3) PROGRAM SUPPORT 75,000
    FOOD BANK OF THE ROCKIES
    10700 E 45TH ST
    DENVER,CO80239     		  501(C)(3) PROGRAM SUPPORT 91,205
    DETROIT FOOD AND ENTREPRENEURSHIP
    4444 2ND AVENUE
    DETROIT,MI48201     		  501(C)(3) PROGRAM SUPPORT 100,000
    WINNINGS FUTURES
    27500 COSGROVE
    WARREN,MI48214     		  501(C)(3) PROGRAM SUPPORT 108,000
    UNIVERSITY OF TEXAS MD ANDERSON CAN
    1515 HOLCOMBE BLVD
    HOUSTON,TX77030     		  501(C)(3) RESEARCH GRANT 116,322
    DETROIT POLICE ATHLETIC LEAGUE
    111 W WILLIS
    DETROIT,MI48201     		  501(C)(3) CAPITAL CAMPAIGN 120,888
    MEMORIAL SLOAN KETTERING CANCER
    1275 YORK AVENUE
    NEW YORK,NY10065     		  501(C)(3) RESEARCH GRANT 125,000
    THE EMPOWERMENT PLAN
    7640 KERCHEVAL AVE
    DETROIT,MI48214     		  501(C)(3) PROGRAM SUPPORT 125,000
    ST JUDE CHILDRENS RESEARCH HOSP
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		  501(C)(3) RESEARCH GRANT 125,000
    GARY BURNSTEIN COMMUNITY HEALTH
    45580 WOODWARD AVE
    PONTIAC,MI48341     		  501(C)(3) PROGRAM SUPPORT 132,500
    DOWNTOWN YOUTH BOXING GYM
    6445 E VERNOR HWY
    DETROIT,MI48207     		  501(C)(3) PROGRAM SUPPORT - TRANSPORTATION 141,993
    826 MICHIGAN
    115 E LIBERTY ST
    ANN ARBOR,MI48104     		  501(C)(3) PROGRAM SUPPORT 150,000
    VISION TO LEARN
    12100 WILSHIRE BLVD
    SUITE 1275
    LOS ANGELES,CA90025     		  501(C)(3) PROGRAM SUPPORT 150,000
    FORGOTTEN HARVEST
    21800 GREENFIELD RD
    OAK PARK,MI48237     		  501(C)(3) PROGRAM SUPPORT 151,500
    MIDNIGHT GOLF PROGRAM
    30100 TELEGRAPH
    SUITE 224
    BINGHAM FARMS,MI48025     		  501(C)(3) PROGRAM SUPPORT 155,000
    THE FRIENDSHIP CIRCLE
    6892 W MAPLE ROAD
    WEST BLOOMFIELD,MI48322     		  501(C)(3) GENERAL SUPPORT 165,000
    NEIGHBORHOOD SERVICE ORGANIZATION
    882 OAKMAN BLVD
    DETROIT,MI48238     		  501(C)(3) PROGRAM SUPPORT 195,000
    BOYS & GIRLS CLUBS OF SE MICHIGAN
    26777 HALSTEAD RD
    FARMINGTON,MI48331     		  501(C)(3) PROGRAM SUPPORT 225,000
    DUMB FRIENDS LEAGUE
    2080 S QUEBEC STREET
    DENVER,CO80231     		  501(C)(3) CAPITAL GRANT 250,000
    THE CLEVELAND CLINIC FOUNDATION
    PO BOX 931531
    CLEVELAND,OH44193     		  501(C)(3) RESEARCH GRANT 250,000
    YALE UNIVERSITY
    333 CEDAR ST
    NEW HAVEN,CT06510     		  501(C)(3) RESEARCH GRANT 250,000
    UNIVERSITY OF PENNSYLVANIA
    3451 WALNUT ST
    5TH FLOOR
    PHILADELPHIA,PA19104     		  501(C)(3) RESEARCH GRANT 250,000
    DETROIT SYMPHONY ORCHESTRA
    3711 WOODWARD AVE
    DETROIT,MI48201     		  501(C)(3) PROGRAM SUPPORT 307,000
    GLEANERS COMMUNITY FOOD BANK
    2131 BEAUFAIT
    DETROIT,MI48207     		  501(C)(3) PROGRAM SUPPORT 432,000
    DETROIT EMPLOYMENT SOLUTIONS CORP
    440 E CONGRESS
    DETROIT,MI48226     		  501(C)(3) YOUTH EMPLOYMENT PROGRAM 484,348
    Total .................................bullet 3a 5,849,805
    bApproved for future payment
    ZAMAN INTERNATIONAL
    26091 TROWBRIDGE ST
    INKSTER,MI48141     		  501(C)(3) PROGRAM SUPPORT 28,500
    COMMUNITY FOUNDATION OF SE MICHIGAN
    333 W FORT ST
    DETROIT,MI48226     		  501(C)(3) PROGRAM SUPPORT 33,333
    DETROIT INSTITUTE OF ARTS
    5200 WOODWARD AVE
    DETROIT,MI48202     		  501(C)(3) PROGRAM SUPPORT 42,010
    YPSILANTI MEALS ON WHEELS
    1110 W CROSS ST
    YPSILANTI,MI48197     		  501(C)(3) PROGRAM SUPPORT 50,000
    JUNIOR ACHIEVEMENT OF SE MICHIGAN
    577 LARNED ST
    DETROIT,MI48226     		  501(C)(3) PROGRAM SUPPORT 75,000
    UNIVERSITY OF TEXAS MD ANDERSON CAN
    1515 HOLCOMBE BLVD
    HOUSTON,TX77030     		  501(C)(3) RESEARCH GRANT 116,322
    FRED HUTCHINSON CANCER RESEARCH
    1100 FAIRVIEW AVE N
    SEATTLE,WA98109     		  501(C)(3) RESEARCH GRANT 125,000
    JOHN HOPKINS UNIVERSITY
    733 N BROADWAY
    BALTIMORE,MD21205     		  501(C)(3) RESEARCH GRANT 125,000
    ST JUDE CHILDRENS RESEARCH HOSP
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		  501(C)(3) RESEARCH GRANT 125,000
    VISION TO LEARN
    12100 WILSHIRE BLVD
    SUITE 1275
    LOS ANGELES,CA90025     		  501(C)(3) PROGRAM SUPPORT 150,000
    FORGOTTEN HARVEST
    21800 GREENFIELD RD
    OAK PARK,MI48237     		  501(C)(3) PROGRAM SUPPORT 225,000
    UNIVERSITY OF PENNSYLVANIA
    3451 WALNUT ST
    5TH FLOOR
    PHILADELPHIA,PA19104     		  501(C)(3) RESEARCH GRANT 250,000
    YALE UNIVERSITY
    333 CEDAR ST
    NEW HAVEN,CT06510     		  501(C)(3) RESEARCH GRANT 250,000
    Total .................................bullet 3b 1,595,165
    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 12,234  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 7,887,396  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aC/R GLOBAL ENERGY & POWER I     		    14 -326  
    bCANYON VALUE REALIZATION FU     14 37,202  
    cCANYON VALUE REALIZATION FU 532000 699      
    dCERBERUS PARTNERS     14 -6,188  
    eCERBERUS PARTNERS II     14 -682  
    fCERBERUS PARTNERS II 532000 -968      
    gD&F INVESTMENTS II, LLC     16 874,236  
    hD&F INVESTMENTS, LLC     16 675,102  
    iERIAL JARVIS, LLC     16 30,107  
    jGLW 130     16 -2,520  
    kR/C GLOBAL E&P CAYMAN     14 -108  
    lR/C GLOBAL E&P IV     14 -1,519  
    mR/C GLOBAL E&P IV (RW) 532000 -615      
    nR/C GLOBAL E&P IV (RW)     14 -421  
    oR/C GLOBAL E&P IV FT 532000 46,496      
    pR/C GLOBAL E&P IV FT     14 -194  
    12 Subtotal. Add columns (b), (d), and (e) .. 45,612 12,861,154  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    12,906,766
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    VERA AND JOSEPH DRESNER FOUNDATION
     
    DBA DRESNER FOUNDATION
    EIN:
    20-5838578
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 3,950 988   2,962

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

    TY 2021 DepreciationSchedule
    Name:
    VERA AND JOSEPH DRESNER FOUNDATION
     
    DBA DRESNER FOUNDATION
    EIN:
    20-5838578
    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
    OFFICE BUILDOUT   101,359 45,611   15.0000 6,757 3,378    
    OFFICE FURNITURE   69,706 66,599   7.0000 2,820 1,410    
    OFFICE EQUIPMENT   22,803 22,659   5.0000 145 72    

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    VERA AND JOSEPH DRESNER FOUNDATION
     
    DBA DRESNER FOUNDATION
    EIN:
    20-5838578
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SCHAWB-T FUND CLASS 1 1,321,558 1,321,558
    SCHWAB-PIMCO FLEX CREDIT 2,687,750 2,687,750
    SCHWAB-STONE RIDGE ALT LEND 3,306,951 3,306,951
    DFIEX-DFA INTL CORE EQUITY 931,456 931,456
    DFLVX-DFA US LARGE CAP VALUE 4,469,708 4,469,708
    DFQTX-DFA US CORE EQUITY 4,795,402 4,795,402
    DFSTX-DFA US SMALL CAP CL I 1,741,846 1,741,846
    DFUSX-DFA US LARGE CO 5,498,726 5,498,726
    DSEEX-DOUBLELINE SHIL ENHANCED CAPE 5,325,481 5,325,481
    DURPX-DFA US HIGH RELATIVE 2,599,579 2,599,579
    DUSLX-DFA US LARGE CAP GROWHT 4,628,145 4,628,145
    EIFAX-EATON VANCE FLOATING 2,024,337 2,024,337
    FIDELITY-CLARKSTON FOUNDERS FUND 4,005,872 4,005,872
    FIDELITY-CLARKSTON PARTNERS FUND 3,925,536 3,925,536
    FTHSX-FULLER & THALER    
    GLYCADIA, INC 652,440 652,440
    IMTM-ISHARES EDGE MSCI INTL MOMENTUM    
    IQLT-ISHARES EDGE MSCI INTL QUALITY 2,794,592 2,794,592
    LAOIX-WESTERNASSET    
    MTUM-ISHARES EDGE MSCI USA MOMENTUM 2,225,370 2,225,370
    NWFFX-NEW WORLD CL F1 973,383 973,383
    PIMIX-PIMCO INCOME INSTL 5,388,476 5,388,476
    PRFRX-T ROWE FLOATING RATE 2,008,151 2,008,151
    PRGTX-T ROWE GLOBAL TECH 1,416,308 1,416,308
    PRGXS-T ROWE GLOBAL STOCK 5,558,826 5,558,826
    PRHSX-T ROWE HEALTH SCIENCES 2,685,090 2,685,090
    PRWCX-T ROWE CP APPREC INVEST 9,546,978 9,546,978
    QUAL-ISHARES EDGE MSCI US QUALITY 7,382,452 7,382,452
    RCTIX-RIVER CANYON TOTAL RETURN BOND 5,115,327 5,115,327
    SGIIX-FIRST EAGLE GLOBAL CL1 3,303,472 3,303,472
    VDIGX-VANGUARD DIVIDEND GR 4,762,175 4,762,175
    VLAIX-VALUE LINE ASSET 2,114,010 2,114,010
    VB-VANGUARD SMALL CAP 1,370,877 1,370,877

    TY 2021 InvestmentsOtherSchedule2
    Name:
    VERA AND JOSEPH DRESNER FOUNDATION
     
    DBA DRESNER FOUNDATION
    EIN:
    20-5838578
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    C/R GLOBAL E&P FUND III FMV 14,245 14,245
    CANYON VALUE REALIZATION FUND, LP FMV 699,040 699,040
    CERBERUS PARTNERS II, LP FMV 1,785,959 1,785,959
    CERBERUS PARTNERS, LP FMV 409,839 409,839
    D&F INVESTMENTS II, LLC FMV 20,670,304 20,670,304
    D&F INVESTMENTS, LLC FMV 23,538,460 23,538,460
    ERIAL-JARVIS, LLC FMV 950,142 950,142
    GLW 130, LLC FMV 1,470,955 1,470,955
    PARA PARTNERS, LP FMV    
    R/C GLOBAL E&P FUND IV FMV 7,658 7,658
    TRIAD-SIOUX FALLS PROP, LLC FMV 1,450,394 1,450,394

    TY 2021 LandEtcSchedule2
    Name:
    VERA AND JOSEPH DRESNER FOUNDATION
     
    DBA DRESNER FOUNDATION
    EIN:
    20-5838578
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE BUILDOUT 101,359 52,369 48,990  
    OFFICE FURNITURE 67,688 67,688    
    OFFICE EQUIPMENT 11,161 11,161    


    TY 2021 LegalFeesSchedule
    Name:
    VERA AND JOSEPH DRESNER FOUNDATION
     
    DBA DRESNER FOUNDATION
    EIN:
    20-5838578
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 7,410     7,410


    TY 2021 OtherAssetsSchedule
    Name:
    VERA AND JOSEPH DRESNER FOUNDATION
     
    DBA DRESNER FOUNDATION
    EIN:
    20-5838578
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CHARITABLE USE ASSETS (GILBERT/MCGRA 849,566 1,131,591 1,131,591
    RIVERSTONE E&P IV   8,510 8,510


    TY 2021 OtherDecreasesSchedule
    Name:
    VERA AND JOSEPH DRESNER FOUNDATION
     
    DBA DRESNER FOUNDATION
    EIN:
    20-5838578
    Description Amount
    UNREALIZED INVESTMENT LOSS 202,589


    TY 2021 OtherExpensesSchedule
    Name:
    VERA AND JOSEPH DRESNER FOUNDATION
     
    DBA DRESNER FOUNDATION
    EIN:
    20-5838578
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    ASSOCIATION DUES 29,204     29,204
    BANK CHARGES 1,449 1,449    
    COMPUTER EXPENSES 30,645 5,572   25,073
    COPIER 3,578 894   2,684
    DUES AND SUBSCRIPTIONS 546 546    
    DOCUMENT SHREDDING 353 88   265
    INSURANCE D&O 10,517 3,902   6,615
    INSURANCE WORKERS COMP 1,520 564   956
    MEETINGS 1,439 720   719
    OFFICE SUPPLY 3,745 448   3,297
    PAYROLL PROCESSING 2,633 977   1,656
    POSTAGE 460 115   345
    TELEPHONE 8,781 2,088   6,693
    WEBSITE 5,174 38   5,136
    ALARM 758     758
    CLEANING 1,900     1,900
    ELEVATOR 797     797
    PEST CONTROL 160     160
    LAWN & SNOW 6,400     6,400
    MOFFIT RECOVERY -6,546      


    TY 2021 OtherIncomeSchedule2
    Name:
    VERA AND JOSEPH DRESNER FOUNDATION
     
    DBA DRESNER FOUNDATION
    EIN:
    20-5838578
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    TRIAD 74,882 74,882 74,882
    MANAGEMENT FEE INCOME 302,640 302,640 302,640
    C/R GLOBAL ENERGY & POWER III -326 -326 -326
    CANYON VALUE REALIZATION FUND 37,202 37,202 37,202
    CANYON VALUE REALIZATION FUND 699   699
    CERBERUS PARTNERS -6,188 -6,188 -6,188
    CERBERUS PARTNERS II -682 -682 -682
    CERBERUS PARTNERS II -968   -968
    D&F INVESTMENTS II, LLC 874,236 874,236 874,236
    D&F INVESTMENTS, LLC 675,102 675,102 675,102
    ERIAL JARVIS, LLC 30,107 30,107 30,107
    GLW 130 -2,520 -2,520 -2,520
    R/C GLOBAL E&P CAYMAN -108 -108 -108
    R/C GLOBAL E&P IV -1,519 -1,519 -1,519
    R/C GLOBAL E&P IV (RW) -615   -615
    R/C GLOBAL E&P IV (RW) -421 -421 -421
    R/C GLOBAL E&P IV FT 46,496   46,496
    R/C GLOBAL E&P IV FT -194 -194 -194


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    VERA AND JOSEPH DRESNER FOUNDATION
     
    DBA DRESNER FOUNDATION
    EIN:
    20-5838578
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING 189,763 45,900   143,863
    INVEST. MANAGEMENT CRUDEN BAY 345,297 345,297    
    INVEST. MANAGEMENT CLARKSTON 40 40    
    INVEST. MANAGEMENT CRUDEN SCHWAB 17,849 17,849    


    TY 2021 TaxesSchedule
    Name:
    VERA AND JOSEPH DRESNER FOUNDATION
     
    DBA DRESNER FOUNDATION
    EIN:
    20-5838578
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 5,418 5,418    
    LICENSE FEE 225     225
    MICHIGAN FILING FEE 145 120   25
    STATE WITHHOLDING 255 255    
    PROPERTY TAX 64     64
    FEDERAL TAX - 990PF 100,000