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
MORGAN STANLEY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1 NEW YORK PLAZA 5TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10004
A Employer identification number

13-6155650
B Telephone number (see instructions)

(212) 761-4000
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$28,565,518J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 123 123  
4 Dividends and interest from securities... 428,479 428,499  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,177,589
b Gross sales price for all assets on line 6a 23,593,548
7 Capital gain net income (from Part IV, line 2)... 8,197,190
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 7,500 0  
12 Total. Add lines 1 through 11........ 8,613,691 8,625,812  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 13,018 13,018   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 118,421 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......   447    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 131,439 13,465   0
25 Contributions, gifts, grants paid....... 14,642,027 5,780,000
26 Total expenses and disbursements. Add lines 24 and 25 14,773,466 13,465   5,780,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,159,775
b Net investment income (if negative, enter -0-) 8,612,347
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 400,407 4,595,863 4,595,863
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) 1,365,831 Click to see attachment1,049,333 1,049,333
b Investments—corporate stock (attach schedule)....... 12,301,089 Click to see attachment7,425,883 7,425,883
c Investments—corporate bonds (attach schedule)....... 1,045,334 Click to see attachment1,058,262 1,058,262
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 15,217,228 Click to see attachment14,384,721 14,384,721
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment998,663 Click to see attachment51,456 Click to see attachment51,456
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 31,328,552 28,565,518 28,565,518
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 275,000 9,136,277
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 attachment117,073 Click to see attachment41,097
23 Total liabilities (add lines 17 through 22)......... 392,073 9,177,374
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........... 30,936,479 19,388,144
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)..... 30,936,479 19,388,144
30 Total liabilities and net assets/fund balances (see instructions). 31,328,552 28,565,518
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
30,936,479
2
Enter amount from Part I, line 27a .....................
2
-6,159,775
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
77,345
4
Add lines 1, 2, and 3 ..........................
4
24,854,049
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
5,465,905
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
19,388,144
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 SALE OF PUBLICLY TRADED SECURITIES P    
b THRU INVESCO DB BASE METALS FUND K-1 P    
c CAPITAL GAINS DIVIDENDS P    
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 23,249,099   15,415,959 7,833,140
b       19,601
c 344,449     344,449
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       7,833,140
b       19,601
c       344,449
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 8,197,190
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 119,712
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 119,712
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 155,588
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 175,588
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 55,876
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet55,876 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletNY
    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
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletGISELLE G LOPEZ Telephone no.bullet (917) 260-0521

    Located atbullet1 NEW YORK PLAZA 5TH FLOORNEW YORKNY ZIP+4bullet10004
    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)
    Yes
     
    (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
    CRAIG ABRUZZO FINANCE CHAIR, TRUSTEE
    0.50     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    PETER AKWABOAH TRUSTEE AS OF SEPTEMBER 2021
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    CHARLES CHASIN CHAIR, TRUSTEE
    0.50     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    WILLIAM DOTSON TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    JEN EASTERLY TRUSTEE UNTIL SEPTEMBER 2021
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    LISA GOLIA TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    CARLA HARRIS TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    WILLIAM HIRSHORN TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    WESLEY MCDADE TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    ILEANA MUSA TRUSTEE AS OF MARCH 2021
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    JONATHAN PRUZAN TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    SUSAN REID TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    ROSE-ANNE RICHTER TRUSTEE UNTIL DECEMBER 2021
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    TATIANA SEGAL TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    MATTHEW SLOVIK TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    DAVID STARK TRUSTEE
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    VALERIE WONG FOUNTAIN TRUSTEE AS OF JUNE 2021
    0.25     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    JOAN STEINBERG PRESIDENT
    8.00     		0 0 0
    1585 BROADWAY
    NEW YORK,NY100361001
    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 0
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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.........................bullet0
    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
    28,819,236
    b
    Average of monthly cash balances.......................
    1b
    1,960,903
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    30,780,139
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    30,780,139
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    461,702
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    30,318,437
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,515,922
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    1,515,922
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    119,712
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    119,712
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,396,210
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    7,500
    5
    Add lines 3 and 4............................
    5
    1,403,710
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    1,403,710
    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 1,403,710
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 5,881,219
    b From 2017...... 437,159
    c From 2018...... 10,012
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 6,328,390
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 5,780,000
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 1,403,710
    e Remaining amount distributed out of corpus 4,376,290
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 10,704,680
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		5,881,219
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		4,823,461
    10 Analysis of line 9:
    a Excess from 2017.... 437,159
    b Excess from 2018.... 10,012
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021.... 4,376,290
    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
    A BETTER CHANCE INC
    253 W 35TH STREET 15TH FLOOR
    NEW YORK,NY100011907     		N/A PC DIVERSITY SCHOLARSHIPS 300,000
    A BETTER CHANCE INC
    253 W 35TH STREET 15TH FLOOR
    NEW YORK,NY100011907     		N/A PC DIVERSITY SCHOLARSHIPS 150,000
    ALCORN STATE UNIVERSITY FOUNDATION INCORPORATED
    1000 ASU DRIVE NO 810
    LORMAN,MS390967500     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    AMERICA NEEDS YOU
    82 NASSAU ST 60358
    NEW YORK,NY10038     		N/A PC DIVERSITY SCHOLARSHIPS 225,000
    AMERICAN INDIAN COLLEGE FUND
    8333 GREENWOOD BOULEVARD
    DENVER,CO80221     		N/A PC DIVERSITY SCHOLARSHIPS 20,000
    BARUCH COLLEGE FUND
    ONE BERNARD BARUCH WAY BOX A-1603
    NEW YORK,NY10010     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    BOSTON COLLEGE TRUSTEES
    140 COMMONWEALTH AVE CADIGAN ALUMNI
    CENTER
    CHESTNUT HILL,MI024673800     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    BRAVEN INCORPORATED
    100 N LA SALLE ST STE 310
    CHICAGO,IL606022406     		N/A PC DIVERSITY SCHOLARSHIPS 125,000
    BROWN UNIVERSITY
    164 ANGELL STREET BOX 1877
    PROVIDENCE,RI02912     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    CORNELL UNIVERSITY
    APPLICATION PROCESS CENTER
    ITHACA,NY14850     		N/A PC DIVERSITY SCHOLARSHIPS 45,000
    DUKE UNIVERSITY
    BOX 90581 ALUMNI DEVELOPMENT
    RECORDS
    DURHAM,NC27708     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    FEEDING AMERICA
    161 N CLARK SUITE 700
    CHICAGO,IL60601     		N/A PC DISASTER RESPONSE 2,900,000
    FOUNDATION OF CALIFORNIA STATE UNIVERSITY MONTEREY BAY
    100 CAMPUS CTR
    SEASIDE,CA939558000     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK AT BINGHAMTON INC
    PO BOX 6005
    BINGHAMTON,NY139026005     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    HARVARD UNIVERSITY
    124 MOUNT AUBURN STREET - ROOM 430N
    CAMBRIDGE,MA02138     		N/A PC DIVERSITY SCHOLARSHIPS 75,000
    HISPANIC FEDERATION INC
    55 EXCHANGE PLACE 5TH FLOOR
    NEW YORK,NY100053301     		N/A PC DIVERSITY SCHOLARSHIPS 125,000
    HISPANIC FEDERATION INC
    55 EXCHANGE PLACE 5TH FLOOR
    NEW YORK,NY100053301     		N/A PC DIVERSITY SCHOLARSHIPS 500,000
    HOWARD UNIVERSITY
    2225 GEORGIA AVE STE 627
    WASHINGTON,DC20059     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    IMENTOR
    199 WATER STREET 8TH FLOOR
    NEW YORK,NY10038     		N/A PC DIVERSITY SCHOLARSHIPS 530,000
    JOHNS HOPKINS UNIVERSITY
    3910 KESWICK ROAD SUITE N2100
    BALTIMORE,MD21211     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    600 MEMORIAL DRIVE W98-200
    CAMBRIDGE,MA021394822     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    NEW YORK UNIVERSITY FINANCIAL AID OFFICE
    25 WEST 4TH STREET
    NEW YORK,NY10012     		N/A PC DIVERSITY SCHOLARSHIPS 60,000
    OCCIDENTAL COLLEGE
    1600 CAMPUS RD M-45
    LOS ANGELES,CA900413314     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    PREP FOR PREP
    328 WEST 71ST STREET
    NEW YORK,NY10023     		N/A PC DIVERSITY SCHOLARSHIPS 75,000
    SPONSORS FOR EDUCATIONAL OPPORTUNITY
    55 EXCHANGE PLACE SUITE 601
    NEW YORK,NY100053301     		N/A PC DIVERSITY SCHOLARSHIPS 25,000
    STANFORD UNIVERSITY
    326 GALVEZ STREET
    STANFORD,CA943056105     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS
    506 S WRIGHT ST RM 209
    URBANA,IL618013627     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    THE NEW YORK WOMEN'S FOUNDATION
    39 BROADWAY 23RD FLOOR
    NEW YORK,NY10006     		N/A PC DIVERSITY SCHOLARSHIPS 25,000
    TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
    622 WEST 113TH STREET MC 4524
    NEW YORK,NY10025     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    TRUSTEES OF PRINCETON UNIVERSITY
    PO BOX 5357
    PRINCETON,NJ085435357     		N/A PC DIVERSITY SCHOLARSHIPS 45,000
    UNIVERSITY OF CHICAGO
    5235 SOUTH HARPER COURT 4TH FLOOR
    CHICAGO,IL60615     		N/A PC DIVERSITY SCHOLARSHIPS 30,000
    UNIVERSITY OF FLORIDA
    PO BOX 113201
    GAINESVILLE,FL326113201     		N/A GOV DIVERSITY SCHOLARSHIPS 30,000
    UNIVERSITY OF ILLINOIS SYSTEM ( UNIVERSITY OF ILLINOIS AT SPRINGFIELD)
    506 S WRIGHT ST
    URBANA,IL61801     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    UNIVERSITY OF MARYLAND COLLEGE PARK FOUNDATION
    4603 CALVERT ROAD
    COLLEGE PARK,MD20740     		N/A PC DIVERSITY SCHOLARSHIPS 30,000
    UNIVERSITY OF MARYLAND SYSTEM (TOWSON UNIVERSITY)
    8000 YORK ROAD
    BALTIMORE,MD21252     		N/A GOV DIVERSITY SCHOLARSHIPS 30,000
    UNIVERSITY OF MARYLAND SYSTEM (UNIVERSITY OF MARYLAND -BALTIMORE COUNTY)
    1000 HILLTOP CIRCLE
    BALTIMORE,MD21250     		N/A GOV DIVERSITY SCHOLARSHIPS 15,000
    UNIVERSITY OF MICHIGAN
    3003 S STATE ST
    ANN ARBOR,MI48109     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
    OFFICE OF SCHOLARSHIPS AND STUDENT
    AID
    CHAPEL HILL,NC275141080     		N/A PC DIVERSITY SCHOLARSHIPS 45,000
    UNIVERSITY OF PENNSYLVANIA
    2929 WALNUT ST SUITE 300
    PHILADELPHIA,PA191045099     		N/A PC DIVERSITY SCHOLARSHIPS 60,000
    UNIVERSITY OF PITTSBURGH
    PARK PLAZA 128 NORTH CRAIG STREET
    OFFICE OF INSTITUTIONAL ADVANCEMENT
    PITTSBURGH,PA15260     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    UNIVERSITY OF REDLANDS
    1200 E COLTON AVE
    REDLANDS,CA92373     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    1150 S OLIVE STREET
    LOS ANGELES,CA90015     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    WELLESLEY COLLEGE
    106 CENTRAL STREET OFFICE FOR
    RESOURCES
    WELLESLEY,MA02481     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    WESLEYAN UNIVERSITY
    OFFICE OF FINANCIAL AID
    MIDDLETOWN,CT06459     		N/A PC DIVERSITY SCHOLARSHIPS 15,000
    Total .................................bullet 3a 5,780,000
    bApproved for future payment
    A BETTER CHANCE
    253 W 35TH STREET 15TH FLOOR
    NEW YORK,NY100011907     		N/A PC DIVERSITY SCHOLARSHIPS 1,200,000
    AMERICA NEEDS YOU
    82 NASSAU ST 60358
    NEW YORK,NY10038     		N/A PC DIVERSITY SCHOLARSHIPS 1,025,000
    BRAVEN INCORPORATED
    100 N LA SALLE ST STE 310
    CHICAGO,IL606022406     		N/A PC DIVERSITY SCHOLARSHIPS 1,375,000
    HISPANIC FEDERATION INC
    55 EXCHANGE PLACE 5TH FLOOR
    NEW YORK,NY100053301     		N/A PC DIVERSITY SCHOLARSHIPS 2,000,000
    IMENTOR
    199 WATER STREET 8TH FLOOR
    NEW YORK,NY10038     		N/A PC DIVERSITY SCHOLARSHIPS 1,070,000
    SPONSORS FOR EDUCATIONAL OPPORTUNITY
    55 EXCHANGE PLACE SUITE 601
    NEW YORK,NY100053301     		N/A PC DIVERSITY SCHOLARSHIPS 2,580,000
    Total .................................bullet 3b 9,250,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 123  
    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 8,197,190  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aGRANT REFUNDS     		    01 7,500  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 8,633,292 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    8,633,292
    (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 InvestmentsCorpBondsSchedule
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES CPN:3.750% DUE:11/30/2026 (002824BF6) 30000 UNITS 33,166 33,166
    ABBVIE INC CPN:3.200% DUE:11/21/2029 (00287YBX6) 25000 UNITS 26,755 26,755
    ALEXANDRIA REAL ESTATE EQUITIES INC DUE:12/15/2030 (015271AU3) 15000 UNITS 18,036 18,036
    AMERICAN ELECTRIC POWER CO INC DUE:11/1/2025 (025537AR2) 25000 UNITS 24,457 24,457
    AMERICAN TOWER CORP CPN:3.125% DUE:1/15/2027 (03027XAM2) 10000 UNITS 10,475 10,475
    AMGEN INC CPN:2.200% DUE:2/21/2027 (031162CT5) 25000 UNITS 25,605 25,605
    ANHEUSER-BUSCH INBEV WORLDWIDEINC CPN:4.000% (035240AL4) 25000 UNITS 27,828 27,828
    ANTHEM INC CPN:3.650% DUE:12/1/2027 (036752AB9) 20000 UNITS 21,956 21,956
    AON CORP CPN:2.800% DUE:5/15/2030 (037389BE2) 20000 UNITS 20,632 20,632
    AT&T INC CPN:4.125% DUE:2/17/2026 (00206RCT7) 25000 UNITS 27,282 27,282
    BANK OF AMERICA CORP FXD 1.8980% (06051GJF7) 35000 UNITS 33,534 33,534
    BOSTON PROPERTIES LP CPN:2.750% DUE:10/1/2026 (10112RAY0) 10000 UNITS 10,411 10,411
    CARRIER GLOBAL CORP CPN:2.242% DUE:2/15/2025 (14448CAN4) 7000 UNITS 7,171 7,171
    CITIGROUP INC CPN:3.200% DUE:10/21/2026 (172967KY6) 30000 UNITS 31,808 31,808
    COMCAST CORP CPN:3.150% DUE:3/1/2026 (20030NBS9) 35000 UNITS 37,334 37,334
    CONSTELLATION BRANDS INC DUE:12/6/2026 (21036PAQ1) 10000 UNITS 10,808 10,808
    CVS HEALTH CORP CPN:3.250% DUE:8/15/2029 (126650DG2) 30000 UNITS 32,015 32,015
    DOMINION ENERGY INC CPN:3.900% DUE:10/1/2025 (25746UCE7) 30000 UNITS 32,370 32,370
    ENBRIDGE INC CPN: 4.000% DUE:10/1/2023 (29250NAF2) 10000 UNITS 10,442 10,442
    ENTERPRISE PRODUCTS OPERATING LLC DUE:2/15/2024 (29379VBB8) 10000 UNITS 10,502 10,502
    EQUINIX INC CPN:3.200% DUE:11/18/2029 (29444UBE5) 15000 UNITS 15,781 15,781
    EQUINOR ASA CPN:2.450% DUE:1/17/2023 (85771PAG7) 40000 UNITS 40,706 40,706
    EXXON MOBIL CORP CPN:2.992% DUE:3/19/2025 (30231GBH4) 20000 UNITS 21,027 21,027
    GILEAD SCIENCES INC CPN:1.200% DUE:10/1/2027 (375558BX0) 25000 UNITS 24,181 24,181
    GOLDMAN SACHS GROUP INC DUE: 1/22/2023 (38141GRD8) 25000 UNITS 25,748 25,748
    JPMORGAN CHASE & CO FXD 2.5800% DUE:4/22/2032 (46647PCC8) 40000 UNITS 40,560 40,560
    KINDER MORGAN INC CPN:4.300% DUE:6/1/2025 (49456BAF8) 15000 UNITS 16,216 16,216
    LOWE'S COS INC CPN:3.650% DUE:4/5/2029 (548661DR5) 30000 UNITS 32,917 32,917
    MERCK & CO INC CPN:3.400% DUE:3/7/2029 (58933YAX3) 35000 UNITS 38,108 38,108
    MITSUBISHI UFJ FINANCIAL GROUP INC DUE:3/2/2023 (606822AT1) 40000 UNITS 41,208 41,208
    NEXTERA ENERGY CAPITAL HOLDINGS INC DUE:5/1/2027 (65339KAT7) 20000 UNITS 21,675 21,675
    PROLOGIS LP CPN:1.250% DUE:10/15/2030 (74340XBR1) 25000 UNITS 23,276 23,276
    RAYTHEON TECHNOLOGIES CORP CPN:3.650% DUE:8/16/2023 (913017DB2) 2000 UNITS 2,080 2,080
    SCHLUMBERGER INVESTMENT SA DUE:12/1/2023 (806854AH8) 20000 UNITS 20,892 20,892
    SEMPRA ENERGY CPN:3.400% DUE:2/1/2028 (816851BG3) 30000 UNITS 31,959 31,959
    SIMON PROPERTY GROUP LP CPN:3.375% DUE:10/1/2024 (828807CS4) 15000 UNITS 15,781 15,781
    SUMITOMO MITSUI FINANCIAL GROUP INC DUE:10/16/23 (86562MBF6) 45000 UNITS 47,299 47,299
    TORONTO-DOMINION BANK DUE:1/6/2026 (89114QCP1) 40000 UNITS 38,782 38,782
    TRUIST FINANCIAL CORP 1.2670% DUE:3/2/2027 (89788MAD4) 40000 UNITS 39,266 39,266
    VERIZON COMMUNICATIONS INC DUE:1/20/2031 (92343VFR0) 35000 UNITS 33,164 33,164
    VISA INC CPN:3.150% DUE:12/14/2025 (92826CAD4) 9000 UNITS 9,597 9,597
    WELLS FARGO & CO 2.1880% DUE:4/30/2026 (95000U2N2) 25000 UNITS 25,452 25,452

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1-800-FLOWERS.COM INC (FLWS) 507 SHRS. 11,878 11,878
    ACI WORLDWIDE INC (ACIW) 494 SHRS. 17,142 17,142
    ACUITY BRANDS INC (AYI) 49 SHRS. 10,374 10,374
    ADIENT PLC COM (ADNT) 105 SHRS. 5,027 5,027
    ADOBE INC (ADBE) 110 SHRS. 62,377 62,377
    ADVANCED DRAIN SYS INC (WMS) 67 SHRS. 9,121 9,121
    ADVANTEST CORP NEW (ATEYY) 384 SHRS. 36,829 36,829
    ADYEN N V UNSPONSRED ADR (ADYEY) 2342 SHRS. 61,641 61,641
    AIA GROUP LTD SPON ADR (AAGIY) 1031 SHRS. 41,575 41,575
    AIA GROUP LTD SPON ADR (AAGIY) 1234 SHRS. 49,760 49,760
    AIA GROUP LTD SPON ADR (AAGIY) 343 SHRS. 13,831 13,831
    AIR LIQUIDE ADR (AIQUY) 550 SHRS. 19,179 19,179
    ALASKA AIR GROUP INCORPORATED (ALK) 226 SHRS. 11,775 11,775
    ALCON INC (ALC) 194 SHRS. 16,901 16,901
    ALCON INC (ALC) 337 SHRS. 29,359 29,359
    ALCON INC (ALC) 457 SHRS. 39,814 39,814
    ALFA LAVAL AB-UNSPONS ADR (ALFVY) 686 SHRS. 27,666 27,666
    ALIBABA GROUP HLDG LTD (BABA) 146 SHRS. 17,343 17,343
    ALIBABA GROUP HLDG LTD (BABA) 209 SHRS. 24,827 24,827
    ALLEGION PUB LTD CO (ALLE) 88 SHRS. 11,655 11,655
    ALLIANZ SE ADR (ALIZY) 2318 SHRS. 54,728 54,728
    AMBEV S A SPONSORED ADR (ABEV) 6510 SHRS. 18,228 18,228
    AMERIPRISE FINCL INC (AMP) 140 SHRS. 42,232 42,232
    AMGEN INC (AMGN) 161 SHRS. 36,220 36,220
    AMN HEALTHCARE SVCS INC (AMN) 106 SHRS. 12,967 12,967
    AMYRIS INC (AMRS) 614 SHRS. 3,322 3,322
    ANSYS INC (ANSS) 134 SHRS. 53,750 53,750
    ANTERO MIDSTREAM CORP (AM) 981 SHRS. 9,496 9,496
    ARCOSA INC (ACA) 235 SHRS. 12,385 12,385
    ARMADA HOFFLER PROPERTIES INC (AHH) 1237 SHRS. 18,827 18,827
    ARROW ELECTRONICS (ARW) 68 SHRS. 9,130 9,130
    ASML HOLDING NV NY REG NEW (ASML) 102 SHRS. 81,206 81,206
    ASSOC BRITISH FDS PLC ADR-NEW (ASBFY) 629 SHRS. 17,272 17,272
    ATHENE HOLDING LTD CLASS A (ATH-PA) 227 SHRS. 18,916 18,916
    ATLAS COPCO AS A ADR A NEW (ATLKY) 1037 SHRS. 71,874 71,874
    ATMOS ENERGY CP (ATO) 228 SHRS. 23,888 23,888
    ATRICURE INC COM (ATRC) 49 SHRS. 3,407 3,407
    AVERY DENNISON CORPORATION (AVY) 90 SHRS. 19,491 19,491
    AXA ADS (AXAHY) 999 SHRS. 29,740 29,740
    AZENTA INC (AZTA) 211 SHRS. 21,756 21,756
    BADGER METER INC (BMI) 163 SHRS. 17,369 17,369
    BANCO BILBAO VIZ ARG SA ADS (BBVA) 3829 SHRS. 22,476 22,476
    BANK RAKYAT INDONESIA ADR (BKRKY) 740 SHRS. 10,619 10,619
    BARCLAYS PLC ADR (BCS) 4498 SHRS. 46,554 46,554
    BAYER AG SPON ADR (BAYRY) 1570 SHRS. 20,818 20,818
    BOISE CASCADE LLC (BCC) 94 SHRS. 6,693 6,693
    BORG WARNER INC (BWA) 379 SHRS. 17,082 17,082
    BOX,INC. CL A (BOX) 443 SHRS. 11,602 11,602
    BRIGHT HORIZONS FAMILY SOLUT (BFAM) 81 SHRS. 10,196 10,196
    BRIGHTVIEW HLDGS INC (BV) 1037 SHRS. 14,601 14,601
    BRUKER CORPORATION (BRKR) 202 SHRS. 16,950 16,950
    BRUNSWICK CORP (BC) 248 SHRS. 24,981 24,981
    BUILDERS FIRSTSOURCE INC (BLDR) 169 SHRS. 14,485 14,485
    BUNGE LTD (BG) 70 SHRS. 6,535 6,535
    BUREAU VERITAS SA ADR (BVVBY) 518 SHRS. 34,618 34,618
    CADENCE BANK (CADE) 135 SHRS. 4,022 4,022
    CADENCE BANK (CADE) 952 SHRS. 28,360 28,360
    CANADIAN NATL RAILWAY CO (CNI) 171 SHRS. 21,009 21,009
    CAPITAL ONE FINANCIAL CORP (COF) 342 SHRS. 49,621 49,621
    CARDIOVASCULAR SYSTEMS INC (CSII) 156 SHRS. 2,930 2,930
    CARLISLE CO INC (CSL) 111 SHRS. 27,541 27,541
    CARS COM INC (CARS) 241 SHRS. 3,878 3,878
    CASELLA WASTE SYS INC CL A (CWST) 337 SHRS. 28,787 28,787
    CATALENT INC (CTLT) 114 SHRS. 14,595 14,595
    CAVCO INDUSTRIES INC (CVCO) 17 SHRS. 5,400 5,400
    CENTURY ALUMINUM CO (CENX) 288 SHRS. 4,769 4,769
    CHECK POINT SOFTWARE TECH LTD (CHKP) 345 SHRS. 40,213 40,213
    CHEFS' WAREHOUSE INC COM (CHEF) 283 SHRS. 9,424 9,424
    CHEMOURS CO COM (CC) 460 SHRS. 15,438 15,438
    CHINA MERCHANTS BK CO LTD UNSP (CIHKY) 274 SHRS. 10,604 10,604
    CHOICE HOTELS INTL INC NEW (CHH) 44 SHRS. 6,864 6,864
    CHR HANSEN HLDG A/S (CHYHY) 784 SHRS. 15,429 15,429
    CHUBB LTD (CB) 161 SHRS. 31,123 31,123
    CHUGAI PHARMACEUTIC UNSP ADR (CHGCY) 1379 SHRS. 22,560 22,560
    CINCINNATI FINANCIAL OHIO (CINF) 308 SHRS. 35,090 35,090
    CLEAN ENERGY FUELS CORP (CLNE) 338 SHRS. 2,072 2,072
    CLEARWAY ENERGY INC CL C (CWEN) 267 SHRS. 9,620 9,620
    COCA COLA CO (KO) 691 SHRS. 40,914 40,914
    COEUR D'ALENE MINES COR IDAHO (CDE) 724 SHRS. 3,649 3,649
    COLUMBIA SPORTSWEAR CO (COLM) 66 SHRS. 6,431 6,431
    COMMERCE BANCSHARES (CBSH) 355 SHRS. 24,403 24,403
    CONCENTRIX CORP (CNXC) 185 SHRS. 33,045 33,045
    CONSTELLATION BRANDS INC CL A (STZ) 112 SHRS. 28,109 28,109
    CONSTELLIUM SE CL A (CSTM) 219 SHRS. 3,922 3,922
    CONTL AG SPONS ADR (CTTAY) 1885 SHRS. 19,868 19,868
    CORCEPT THERAPEUTICS INC (CORT) 224 SHRS. 4,435 4,435
    CORTEVA INC (CTVA) 924 SHRS. 43,687 43,687
    COSAN S A ADR (CSAN) 769 SHRS. 12,050 12,050
    CREDICORP LTD (BAP) 56 SHRS. 6,836 6,836
    CRH PLC ADR (CRH) 622 SHRS. 32,842 32,842
    CROWN CASTLE INTL CORP (CCI) 235 SHRS. 49,054 49,054
    CULLEN FROST BANKERS INC (CFR) 213 SHRS. 26,853 26,853
    CURTISS WRIGHT CORP (CW) 204 SHRS. 28,289 28,289
    CUSHMAN & WAKEFIELD PLC (CWK) 447 SHRS. 9,941 9,941
    CYRUSONE INC (CONE) 225 SHRS. 20,187 20,187
    DANAHER CORPORATION (DHR) 238 SHRS. 78,304 78,304
    DARLING INGREDIENTS INC (DAR) 71 SHRS. 4,920 4,920
    DASSAULT SYSTEMS SA ADS (DASTY) 980 SHRS. 58,486 58,486
    DBS GROUP HOLDINGS LTD SP (DBSDY) 580 SHRS. 56,469 56,469
    DELIVERY HERO SE ADR (DELHY) 587 SHRS. 6,645 6,645
    DEUTSCHE POST AG SPONSORED ADR (DPSGY) 292 SHRS. 18,711 18,711
    DIAGEO PLC SPON ADR NEW (DEO) 115 SHRS. 25,316 25,316
    DIAGEO PLC SPON ADR NEW (DEO) 193 SHRS. 42,487 42,487
    DOMO INC COM CL B (DOMO) 66 SHRS. 3,274 3,274
    DOUGLAS EMMETT INC (DEI) 155 SHRS. 5,193 5,193
    DYNAVAX TECHNOLOGIES CORP (DVAX) 286 SHRS. 4,024 4,024
    EAST WEST BANCORP (EWBC) 201 SHRS. 15,815 15,815
    EASTGROUP PROPERTIES INC (EGP) 135 SHRS. 30,760 30,760
    EASTMAN KODAK COMPANY (KODK) 553 SHRS. 2,588 2,588
    EBARA CORP ADR (EBCOY) 783 SHRS. 22,041 22,041
    ECOLAB INC (ECL) 187 SHRS. 43,868 43,868
    ELANCO ANIMAL HEALTH INC (ELAN) 986 SHRS. 27,983 27,983
    ELEMENT SOLUTIONS INC (ESI) 844 SHRS. 20,492 20,492
    EMCOR GROUP INC (EME) 203 SHRS. 25,860 25,860
    ENCOMPASS HEALTH CORP (EHC) 197 SHRS. 12,856 12,856
    ENCOMPASS HEALTH CORP (EHC) 211 SHRS. 13,770 13,770
    ENCORE CAP GRP INC (ECPG) 104 SHRS. 6,459 6,459
    ENN ENERGY HOLDINGS LTD UNSPON (XNGSY) 382 SHRS. 29,206 29,206
    ENTEGRIS INC (ENTG) 109 SHRS. 15,105 15,105
    EPAM SYSTEMS (EPAM) 36 SHRS. 24,064 24,064
    EPIROC AKTIEBOLAG ADR (EPOKY) 1347 SHRS. 33,985 33,985
    EQUITY LIFESTYLE PROPERTIES (ELS) 232 SHRS. 20,337 20,337
    EVERCORE INC CLASS A (EVR) 118 SHRS. 16,030 16,030
    EVOQUA WATER TECHNOLOGIES CORP (AQUA) 435 SHRS. 20,336 20,336
    FANUC CORPORATION UNSP ADR (FANUY) 1624 SHRS. 34,575 34,575
    FANUC CORPORATION UNSP ADR (FANUY) 744 SHRS. 15,840 15,840
    FIRST AMERICAN FINL CORP (FAF) 112 SHRS. 8,762 8,762
    FIRST HORIZON CORPORATION (FHN) 1701 SHRS. 27,777 27,777
    FIRST SOLAR INC COM (FSLR) 66 SHRS. 5,753 5,753
    FLOOR & DECOR HLDGS INC CL-A (FND) 48 SHRS. 6,240 6,240
    FMC CORP NEW (FMC) 156 SHRS. 17,143 17,143
    FORWARD AIR CORP (FWRD) 148 SHRS. 17,921 17,921
    FUCHS PETROLUB AG UNSPON ADR (FUPBY) 325 SHRS. 3,647 3,647
    FULLER H B & COMPANY (FUL) 264 SHRS. 21,384 21,384
    GENL DYNAMICS CORP (GD) 154 SHRS. 32,104 32,104
    GEVO INC (GEVO) 794 SHRS. 3,398 3,398
    GLATFELTER CORPORATION (GLT) 445 SHRS. 7,654 7,654
    GMS INC COM (GMS) 132 SHRS. 7,935 7,935
    GOPRO INC CL A (GPRO) 1074 SHRS. 11,073 11,073
    GREEN PLAINS RENEWABLE ENERGY (GPRE) 340 SHRS. 11,818 11,818
    HAIER SMART HOME CO LTD ADR (HSHCY) 1304 SHRS. 22,429 22,429
    HANNON ARMSTRONG SUS INFRA CAP (HASI) 72 SHRS. 3,825 3,825
    HANOVER INSURANCE GROUP INC (THG) 118 SHRS. 15,465 15,465
    HASBRO INC (HAS) 212 SHRS. 21,577 21,577
    HDFC BANK LTD ADR (HDB) 194 SHRS. 12,624 12,624
    HDFC BANK LTD ADR (HDB) 201 SHRS. 13,079 13,079
    HDFC BANK LTD ADR (HDB) 296 SHRS. 19,261 19,261
    HENRY SCHEIN INC (HSIC) 65 SHRS. 5,039 5,039
    HONEYWELL INTL INC (HON) 202 SHRS. 42,119 42,119
    HORACE MANN EDUCATORS CP (HMN) 304 SHRS. 11,765 11,765
    HUNTINGTON BANCSHARES (HBAN) 1320 SHRS. 20,354 20,354
    ICF INTL INC (ICFI) 212 SHRS. 21,741 21,741
    ICICI BANK LTD (IBN) 1601 SHRS. 31,684 31,684
    ICICI BANK LTD (IBN) 925 SHRS. 18,306 18,306
    ICU MEDICAL INC (ICUI) 72 SHRS. 17,088 17,088
    INDEPENDENT BK MASS (INDB) 335 SHRS. 27,313 27,313
    INFINEON TECHNOLOGIES AG (IFNNY) 1287 SHRS. 59,202 59,202
    INFINEON TECHNOLOGIES AG (IFNNY) 655 SHRS. 30,130 30,130
    INFINERA CORP (INFN) 586 SHRS. 5,620 5,620
    INFORMA PLC (IFJPY) 1263 SHRS. 17,884 17,884
    INNOVIVA, INC. (INVA) 418 SHRS. 7,211 7,211
    INSIGHT ENTERPRISES INC (NSIT) 90 SHRS. 9,594 9,594
    IROBOT (IRBT) 64 SHRS. 4,216 4,216
    JABIL CIRCUIT INC (JBL) 208 SHRS. 14,633 14,633
    JANUS HENDERSON GROUP (JHG) 87 SHRS. 3,649 3,649
    JD COM INC SPON ADR CL A (JD) 167 SHRS. 11,702 11,702
    JOHNSON CTLS INTL PLC (JCI) 610 SHRS. 49,599 49,599
    JONES LANG LASALLE INC (JLL) 23 SHRS. 6,195 6,195
    KEMPER CORP DEL COM (KMPR) 96 SHRS. 5,644 5,644
    KOMATSU LTD SPON ADR NEW (KMTUY) 939 SHRS. 21,944 21,944
    KORN FERRY (KFY) 113 SHRS. 8,557 8,557
    KUBOTA CP ADR (KUBTY) 260 SHRS. 29,047 29,047
    L OREAL CO ADR (LRLCY) 283 SHRS. 27,004 27,004
    L OREAL CO ADR (LRLCY) 737 SHRS. 70,325 70,325
    LA Z BOY INCORPORATED (LZB) 554 SHRS. 20,116 20,116
    LANCASTER COLONY CRP (LANC) 102 SHRS. 16,891 16,891
    LANDSTAR SYSTEM INC (LSTR) 40 SHRS. 7,161 7,161
    LEGGETT & PLATT INC (LEG) 367 SHRS. 15,106 15,106
    LEGRAND SA (LGRDY) 878 SHRS. 20,510 20,510
    LENNAR CORPORATION (LEN) 441 SHRS. 51,227 51,227
    LINDE PLC (LIN) 63 SHRS. 21,783 21,783
    LINDE PLC (LIN) 80 SHRS. 27,661 27,661
    LITTELFUSE INC (LFUS) 74 SHRS. 23,286 23,286
    LIVE OAK BANCSHARES INC (LOB) 117 SHRS. 10,213 10,213
    LONZA GROUP AG ZUERICH ADR (LZAGY) 306 SHRS. 25,551 25,551
    LONZA GROUP AG ZUERICH ADR (LZAGY) 537 SHRS. 44,840 44,840
    LVMH MOET HENNESSY LOUIS VUITT (LVMUY) 215 SHRS. 35,583 35,583
    M K S INSTRUMENTS (MKSI) 149 SHRS. 25,951 25,951
    MAGNOLIA OIL & GAS CORP CL A (MGY) 1218 SHRS. 22,984 22,984
    MANHATTAN ASSOC INC (MANH) 69 SHRS. 10,729 10,729
    MANPOWERGROUP INC COM (MAN) 47 SHRS. 4,575 4,575
    MARTIN MARIETTA MATERIALS (MLM) 102 SHRS. 44,933 44,933
    MAXLINEAR INC CLASS A (MXL) 116 SHRS. 8,745 8,745
    MEDTRONIC PLC SHS (MDT) 327 SHRS. 33,828 33,828
    MEITUAN ADR (MPNGY) 362 SHRS. 20,927 20,927
    MERIT MED SYST (MMSI) 198 SHRS. 12,335 12,335
    MERITAGE HOME CORPORATION (MTH) 57 SHRS. 6,957 6,957
    MICHELIN COMPAGNIE GENERALE DE (MGDDY) 1332 SHRS. 43,676 43,676
    MICROCHIP TECHNOLOGY INC (MCHP) 535 SHRS. 46,577 46,577
    MICROSOFT CORP (MSFT) 228 SHRS. 76,681 76,681
    MID AMER APART COMM INC (MAA) 93 SHRS. 21,338 21,338
    MINTH GROUP LTD (MNTHY) 96 SHRS. 8,568 8,568
    MITSUBISHI UFJ FINCL GRP ADS (MUFG) 3236 SHRS. 17,669 17,669
    MODIVCARE INC (MODV) 24 SHRS. 3,559 3,559
    MOWI ASA ADR (MHGVY) 841 SHRS. 19,952 19,952
    NATIONAL VISION HOLDINGS INC (EYE) 93 SHRS. 4,463 4,463
    NATWEST GROUP PLC ADR 2 (NWG) 4286 SHRS. 26,187 26,187
    NCR CORPORATION (NCR) 294 SHRS. 11,819 11,819
    NCR CORPORATION (NCR) 679 SHRS. 27,296 27,296
    NESTLE SPON ADR REP REG SHR (NSRGY) 319 SHRS. 44,778 44,778
    NEWELL BRANDS INC (NWL) 547 SHRS. 11,946 11,946
    NITORI HLDGS CO LTD ADR (NCLTY) 1500 SHRS. 22,290 22,290
    NOVARTIS AG ADR (NVS) 466 SHRS. 40,761 40,761
    NOVOZYMES A/S UNSPONS APR (NVZMY) 201 SHRS. 16,707 16,707
    NOVOZYMES A/S UNSPONS APR (NVZMY) 266 SHRS. 22,110 22,110
    OGE ENERGY CORPORATION (OGE) 546 SHRS. 20,955 20,955
    ONE GAS INC (OGS) 140 SHRS. 10,863 10,863
    ONEMAIN HOLDINGS, INC. (OMF) 66 SHRS. 3,303 3,303
    OVINTIV INC (OVV) 590 SHRS. 19,883 19,883
    PACIRA BIOSCIENCES (PCRX) 111 SHRS. 6,679 6,679
    PAN PAC INTL HLDGS CORP ADR (DQJCY) 1665 SHRS. 22,977 22,977
    PARKER HANNIFIN CORP (PH) 130 SHRS. 41,356 41,356
    PATTERSON -UTI ENERGY INC (PTEN) 488 SHRS. 4,124 4,124
    PAYPAL HLDGS INC COM (PYPL) 160 SHRS. 30,173 30,173
    PEBBLEBROOK HOTEL TR COM (PEB) 641 SHRS. 14,339 14,339
    PENNYMAC FINL SVCS INC (PFSI) 92 SHRS. 6,420 6,420
    PERKIN ELMER INC (PKI) 65 SHRS. 13,069 13,069
    PERRIGO CO LTD (PRGO) 304 SHRS. 11,826 11,826
    PERSIMMON PLC UNSPONS ADR (PSMMY) 222 SHRS. 17,570 17,570
    PHARMACEUTICAL GRP LTD (CSPCY) 5256 SHRS. 22,601 22,601
    PHILLIPS 66 COM (PSX) 337 SHRS. 24,419 24,419
    PING AN INSURANCE ADR (PNGAY) 1044 SHRS. 14,971 14,971
    PING AN INSURANCE ADR (PNGAY) 1342 SHRS. 19,244 19,244
    PING AN INSURANCE ADR (PNGAY) 905 SHRS. 12,978 12,978
    PINNACLE WEST CAPITAL CORP (PNW) 181 SHRS. 12,777 12,777
    PJSC LUKOIL SPONSORED ADR (LUKOY) 122 SHRS. 10,956 10,956
    PLEXUS CORP (PLXS) 157 SHRS. 15,055 15,055
    PNC FINL SVCS GP (PNC) 220 SHRS. 44,114 44,114
    POLARIS INC (PII) 138 SHRS. 15,168 15,168
    PREMIER INC CL A (PINC) 228 SHRS. 9,387 9,387
    PROCTER & GAMBLE (PG) 272 SHRS. 44,494 44,494
    PROGRESS SOFTWARE (PRGS) 155 SHRS. 7,482 7,482
    PROSUS N V SPONSORED ADR (PROSY) 510 SHRS. 8,471 8,471
    PRUDENTIAL PLC ADR (PUK) 882 SHRS. 30,367 30,367
    PT TELEKOMUNIKASI INDONESIA (TLK) 240 SHRS. 6,958 6,958
    PT TELEKOMUNIKASI INDONESIA (TLK) 890 SHRS. 25,801 25,801
    QIAGEN NV (QGEN) 133 SHRS. 7,392 7,392
    QUALCOMM INC (QCOM) 245 SHRS. 44,803 44,803
    QUALYS INC COM (QLYS) 46 SHRS. 6,312 6,312
    R P M INC (RPM) 356 SHRS. 35,956 35,956
    RAMBUS INC (DEL) (RMBS) 269 SHRS. 7,906 7,906
    REALOGY HOLDINGS CORP (RLGY) 466 SHRS. 7,833 7,833
    RECRUIT HOLDINGS CO. LTD. ADR (RCRUY) 5649 SHRS. 68,805 68,805
    REINSURANCE GROUP OF AMERICA (RGA) 86 SHRS. 9,416 9,416
    RELX PLC SPONSORED ADR (RELX) 1193 SHRS. 38,904 38,904
    RIO TINTO PLC SPON ADR (RIO) 478 SHRS. 31,997 31,997
    ROCHE HOLDINGS ADR (RHHBY) 1083 SHRS. 55,980 55,980
    ROCHE HOLDINGS ADR (RHHBY) 955 SHRS. 49,364 49,364
    SANGAMO THERAPEUTICS INC (SGMO) 500 SHRS. 3,750 3,750
    SAP AG (SAP) 353 SHRS. 49,459 49,459
    SAP AG (SAP) 353 SHRS. 49,459 49,459
    SBERBANK RUSSIA SPONSORED ADR (SBRCY) 652 SHRS. 10,269 10,269
    SCHNEIDER ELEC SA UNSP ADR (SBGSY) 1422 SHRS. 55,757 55,757
    SCHNITZER STEEL A (SCHN) 147 SHRS. 7,632 7,632
    SEA LIMITED ADR (SE) 47 SHRS. 10,514 10,514
    SELECT MEDICAL HLDGS CP (SEM) 210 SHRS. 6,174 6,174
    SEMTECH CORP (SMTC) 219 SHRS. 19,476 19,476
    SGS SA ADR (SGSOY) 570 SHRS. 19,277 19,277
    SHIONOGI & CO LTD UNSPONS ADR (SGIOY) 1562 SHRS. 27,593 27,593
    SINCLAIR BROADCAST GP CL A (SBGI) 158 SHRS. 4,176 4,176
    SKYLINE CORP (SKY) 45 SHRS. 3,554 3,554
    SLM CORPORATION (SLM) 1095 SHRS. 21,539 21,539
    SONOVA HLDG AG UNSP ADR (SONVY) 308 SHRS. 24,184 24,184
    SONY GROUP CORPORATION ADR (SONY) 389 SHRS. 49,170 49,170
    SONY GROUP CORPORATION ADR (SONY) 612 SHRS. 77,357 77,357
    SPECTRUM BRANDS HLDGS INC (SPB) 69 SHRS. 7,019 7,019
    SPROUTS FARMERS MARKET INC (SFM) 664 SHRS. 19,708 19,708
    SPS COMMERCE INC COM (SPSC) 47 SHRS. 6,690 6,690
    ST JAMES PLACE PLC (STJPF) 1111 SHRS. 25,333 25,333
    STEEL DYNAMICS INC (STLD) 312 SHRS. 19,366 19,366
    STERIS PLC (STE) 79 SHRS. 19,229 19,229
    STIFEL FINANCIAL CORPORATION (SF) 334 SHRS. 23,520 23,520
    SUN COMMUNITIES INC (SUI) 101 SHRS. 21,207 21,207
    SUNNY OPTICAL TECH GRP CO (SOTGY) 34 SHRS. 10,762 10,762
    SUZUKI MTR CORP ADR (SZKMY) 260 SHRS. 40,066 40,066
    SWEDBANK AB SPONS ADR (SWDBY) 1633 SHRS. 32,856 32,856
    SYMRISE AG UNSPONS ADR (SYIEY) 839 SHRS. 31,102 31,102
    SYNEOS HEALTH INC CL A (SYNH) 314 SHRS. 32,242 32,242
    SYNOVUS FINANCIAL CORP (SNV) 500 SHRS. 23,935 23,935
    SYSMEX CORP UNSPON ADR (SSMXY) 514 SHRS. 34,834 34,834
    TAIWAN SMCNDCTR MFG CO LTD ADR (TSM) 329 SHRS. 39,582 39,582
    TAIWAN SMCNDCTR MFG CO LTD ADR (TSM) 547 SHRS. 65,810 65,810
    TAIWAN SMCNDCTR MFG CO LTD ADR (TSM) 573 SHRS. 68,938 68,938
    TD SYNNEX CORPORATION (SNX) 184 SHRS. 21,042 21,042
    TECHNOPRO HLDGS INC ADR (TCCPY) 10872 SHRS. 67,733 67,733
    TENCENT HLDGS LTD UNSPON ADR (TCEHY) 801 SHRS. 46,698 46,698
    TENCENT HLDGS LTD UNSPON ADR (TCEHY) 919 SHRS. 53,578 53,578
    TERADATA CORP (TDC) 251 SHRS. 10,660 10,660
    THE MOSAIC COMPANY (MOS) 184 SHRS. 7,229 7,229
    THE SIMPLY GOOD FOODS COMPANY (SMPL) 545 SHRS. 22,656 22,656
    TOMRA SYS A/S ADR NEW (TMRAY) 399 SHRS. 28,760 28,760
    TOPCON CP NPV (TOPCF) 2230 SHRS. 32,127 32,127
    TOYOTA INDUSTRIES CORP ADR (TYIDY) 367 SHRS. 28,571 28,571
    TRAVEL PLUS LEISURE CO (TNL) 197 SHRS. 10,888 10,888
    TRIMBLE INC (TRMB) 171 SHRS. 14,909 14,909
    TRONOX HOLDINGS PLC (TROX) 335 SHRS. 8,050 8,050
    TWITTER INC (TWTR) 646 SHRS. 27,920 27,920
    TYSON FOODS INC CL A (TSN) 373 SHRS. 32,511 32,511
    ULTRAGENYX PHARMACEUTICAL INC (RARE) 57 SHRS. 4,793 4,793
    UNDER ARMOUR INC CL A (UAA) 197 SHRS. 4,174 4,174
    UNICHARM CORP UNSPON ADR (UNICY) 4133 SHRS. 36,184 36,184
    UNILEVER PLC (NEW) ADS (UL) 412 SHRS. 22,161 22,161
    UNILEVER PLC (NEW) ADS (UL) 491 SHRS. 26,411 26,411
    UNITED BANKSHARES INC W VA (UBSI) 663 SHRS. 24,054 24,054
    UNITED NAT FOODS INC (UNFI) 432 SHRS. 21,203 21,203
    UNITI GROUP INC (UNIT) 358 SHRS. 5,016 5,016
    UNIVERSAL MUSIC GROUP NV ADR (UNVGY) 2240 SHRS. 31,136 31,136
    US FOODS HOLDING CORP (USFD) 392 SHRS. 13,653 13,653
    VIRTU FINANCIAL INC (VIRT) 267 SHRS. 7,698 7,698
    VOLKSWAGEN AG RP PRF ADR RATE: 0.741% (VWAPY) 1310 SHRS. 26,305 26,305
    VOYA FINL INC (VOYA) 208 SHRS. 13,792 13,792
    WALGREENS BOOTS ALLIANCE INC (WBA) 367 SHRS. 19,143 19,143
    WALKER & DUNLOP INC (WD) 50 SHRS. 7,544 7,544
    WESCO INTL INC (WCC) 134 SHRS. 17,633 17,633
    WESTERN ALLIANCE BANCORP (WAL) 42 SHRS. 4,521 4,521
    WORLD WRESTLING ENTMNT (WWE) 334 SHRS. 16,480 16,480
    XINYI SOLAR HLDGS LTD ADR (XISHY) 178 SHRS. 6,111 6,111
    XP INC (XP) 634 SHRS. 18,221 18,221
    XYLEM INC COM (XYL) 342 SHRS. 41,013 41,013
    YANDEX N.V. A (YNDX) 215 SHRS. 13,008 13,008
    ZURICH INSURANCE GRP LTD ADR (ZURVY) 874 SHRS. 38,456 38,456

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    US Government Securities - End of Year Book Value:

    614,717
    US Government Securities - End of Year Fair Market Value:

    614,717
    State & Local Government Securities - End of Year Book Value:


    434,616
    State & Local Government Securities - End of Year Fair Market Value:


    434,616


    TY 2021 InvestmentsOtherSchedule2
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BLACKROCK STRATEGIC INC OPP I (BSIIX) 177761.312 SHRS. FMV 1,804,277 1,804,277
    ISHARES INC MSCI JAPAN ETF (EWJ) 751 SHRS. FMV 50,287 50,287
    JLL INCOME PROPERTY TRUST CLASS M-I 117709.606 SHRS FMV 1,598,496 1,598,496
    LM MARTIN CURRIE SMASH SER EM (LCSMX) 25451.252 SHRS. FMV 315,087 315,087
    LORD ABBETT SHT DURATION INC F (LDLFX) 1197038.137 SHRS. FMV 4,967,708 4,967,708
    MSIF GROWTH I (MSEQX) 18801.122 SHRS. FMV 1,396,735 1,396,735
    SPDR S&P 500 ETF TRUST (SPY) 3076 SHRS. FMV 1,460,977 1,460,977
    TIAA CREF CORE IMPACT BD ADV (TSBHX) 202083.5 SHRS. FMV 2,134,002 2,134,002
    VAN ECK EMERGING MARKETS Y (EMRYX) 37789.066 SHRS. FMV 657,152 657,152

    TY 2021 OtherAssetsSchedule
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDEND AND INTEREST INCOME RECEIVABLE 14,738 12,583 12,583
    RECEIVABLE DUE FROM CHARITABLE AFFILIATE 908,000    
    PREPAID FEDERAL EXCISE TAX 75,925 38,873 38,873


    TY 2021 OtherDecreasesSchedule
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 5,465,905


    TY 2021 OtherIncomeSchedule2
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GRANT REFUNDS 7,500   7,500


    TY 2021 OtherIncreasesSchedule
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Description Amount
    DEFERRED FEDERAL EXCISE TAX BENEFIT 77,345


    TY 2021 OtherLiabilitiesSchedule
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX LIABILITY 117,073 41,097


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CUSTODIAN FEES 13,018 13,018   0


    TY 2021 TaxesSchedule
    Name:
    MORGAN STANLEY FOUNDATION
    EIN:
    13-6155650
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 118,421 0   0