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
Sherman Fairchild Foundation Inc
 
% BONNIE HIMMELMAN
Number and street (or P.O. box number if mail is not delivered to street address)5454 Wisconsin Avenue Ste 1205
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chevy Chase, MD20815
A Employer identification number

13-1951698
B Telephone number (see instructions)

(301) 913-5990
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$1,299,117,020J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 8,587 8,587  
4 Dividends and interest from securities... 1,475,485 1,475,485  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 99,201,700
b Gross sales price for all assets on line 6a 149,867,278
7 Capital gain net income (from Part IV, line 2)... 145,990,076
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 53,092,760 2,918,929  
12 Total. Add lines 1 through 11........ 153,778,532 150,393,077  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,738,280 712,695   1,025,585
14 Other employee salaries and wages...... 256,457 105,147   151,310
15 Pension plans, employee benefits....... 407,444 167,052   240,392
16a Legal fees (attach schedule)......... Click to see attachment 27,565 11,302 0 16,263
b Accounting fees (attach schedule)....... Click to see attachment 190,394 76,158 0 114,236
c Other professional fees (attach schedule).... Click to see attachment 2,315,988 2,067,299   248,759
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 78,916 33,423   45,493
19 Depreciation (attach schedule) and depletion... Click to see attachment 5,299 2,173  
20 Occupancy.............. 106,196 43,540   62,656
21 Travel, conferences, and meetings....... 416 204   212
22 Printing and publications.......... 3,766 1,544   2,222
23 Other expenses (attach schedule)....... Click to see attachment 277,888 113,934   163,954
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,408,609 3,334,471 0 2,071,082
25 Contributions, gifts, grants paid....... 46,139,594 46,139,594
26 Total expenses and disbursements. Add lines 24 and 25 51,548,203 3,334,471 0 48,210,676
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 102,230,329
b Net investment income (if negative, enter -0-) 147,058,606
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......... 51,558,556 88,269,921 88,269,921
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)....... 84,196,500 Click to see attachment110,025,876 120,055,949
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 473,013,340 Click to see attachment515,067,510 1,090,759,298
14 Land, buildings, and equipment: basis bullet281,370
Less: accumulated depreciation (attach schedule) bullet249,518 12,743 31,852 31,852
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 608,781,139 713,395,159 1,299,117,020
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 608,781,139 713,395,159
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)..... 608,781,139 713,395,159
30 Total liabilities and net assets/fund balances (see instructions). 608,781,139 713,395,159
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
608,781,139
2
Enter amount from Part I, line 27a .....................
2
102,230,329
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,383,691
4
Add lines 1, 2, and 3 ..........................
4
713,395,159
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
713,395,159
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 T ROWE PRICE - ST P    
b T ROWE PRICE - LT P    
c SECURITIES, NET HOLDINGS GAINS      
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 1,547,618     1,547,618
b 12,208,645     12,208,645
c 89,322,639   3,877,202 85,445,437
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       1,547,618
b       12,208,645
c       85,445,437
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 2 145,990,076
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 2,044,115
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 2,044,115
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 843,735
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 80,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 923,735
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 894
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,121,274
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? Click to see attachment....................
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 changesClick to see attachment....
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.Click to see attachment
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA, MD, NY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .Click to see attachment
    8b
     
    No
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBONNIE HIMMELMAN Telephone no.bullet (301) 913-5990

    Located atbullet5454 WISCONSIN AVE 1205Chevy ChaseMD ZIP+4bullet20815
    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
     
    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
    BONNIE HIMMELMAN PRESIDENT/DIRECTOR
    0     		530,400 93,119 0
    5454 Wisconsin Avenue Ste 1205
    Chevy Chase,MD20815
    WALTER F BURKE III Chief Invest. Officer/Chairman
    0     		478,400 86,305 0
    5454 Wisconsin Avenue Ste 1205
    Chevy Chase,MD20815
    BRUCE DRESNER DIRECTOR
    0     		59,000 0 0
    5454 Wisconsin Avenue Ste 1205
    SUITE 1205
    Chevy Chase,MD20815
    WILL MCLEAN DIRECTOR
    0     		63,000 0 0
    5454 Wisconsin Avenue Ste 1205
    SUITE 1205
    Chevy Chase,MD20815
    Carol Folt DIRECTOR
    0     		31,000 0 0
    5454 Wisconsin Avenue Ste 1205
    SUITE 1205
    Chevy Chase,MD20815
    DALE KNOBEL DIRECTOR
    0     		57,000 0 0
    5454 Wisconsin Avenue Ste 1205
    SUITE 1205
    Chevy Chase,MD20815
    JEFF HIMMELMAN Vice President/Director
    0     		225,000 78,286 0
    5454 Wisconsin Avenue Ste 1205
    SUITE 1205
    Chevy Chase,MD20815
    Dorothy Kosinski Director
    0     		39,000 0 0
    5454 Wisconsin Avenue Ste 1205
    SUITE 1205
    Chevy Chase,MD20815
    julie mclean treasurer
    0     		220,480 46,210 0
    5454 Wisconsin Avenue Ste 1205
    Chevy Chase,MD20815
    Russel Granet Director
    0     		35,000 0 0
    5454 Wisconsin Avenue Ste 1205
    Chevy Chase,MD20815
    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
    HEATHER BARRY STAFF
    0     		145,000 36,155 0
    5454 WISCONSIN AVENUE
    CHEVY CHASE,MD80215
    PAT WALLIES STAFF
    40.0     		111,457 64,204 0
    5454 WISCONSIN AVENUE
    CHEVY CHASE,MD20815
    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
    BDO USALLP audit & tax services 182,147
    8401 Greensboro Drive Suite 800
    MCLEAN,VA22102
    Barbara Beltz Grants Consultant 88,475
    5454 WISCONSIN AVENUE 1205
    CHEVY CHASE,MD20815
    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
    121,668,834
    b
    Average of monthly cash balances.......................
    1b
    69,914,239
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,089,748,799
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,281,331,872
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    1,281,331,872
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    19,219,978
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    1,262,111,894
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    63,105,595
    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
    63,105,595
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    2,044,115
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,044,115
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    61,061,480
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    61,061,480
    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
    61,061,480
    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 61,061,480
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 45,217,570
    b Total for prior years:2019, 2018, 2017  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020...... 0
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 48,210,676
    a Applied to 2020, but not more than line 2a 45,217,570
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 2,993,106
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		58,068,374
    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 ......     		0
    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.... 0
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    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
    Agnes Scott College
    141 E College Ave
    Decatur,GA30030     		None PC Summer Stipend Program 82,500
    All Souls Church Unitarian
    1500 Harvard St NW
    Washington,DC20009     		None PC Community Service Program 25,000
    Ann & Robert H Lurie Children's Hospital
    225 E Chicago Ave Box 282
    Chicago,IL60611     		None PC Pathogenisis of necrotizing enterocolitis investig 100,000
    Ape Action Africa Inc
    555 Bryant St 862
    Palo Alto,CA94301     		None PC Rescue, rehab,& conservation of primates 25,000
    Association of Religious Communities (ARC)
    24 Delay St Ste 4
    Danbury,CT06810     		None PC Community needs due to pandemic/economy 50,000
    Ballet Theatre Foundation Inc
    890 Broadway
    NY,NY10003     		None PC General Support 25,000
    Bank Street College of Education
    610 W 112th St
    NY,NY10026     		None PC Covid 19 response 50,000
    Baptist Health South Florida Foundation Inc
    6855 Red Road Ste 600
    Coral Gables,FL33143     		None PC NICU 50,000
    The Boys Club of New York
    287 East 10th Street
    New York,NY10009     		None PC HS & College access programs 1,000,000
    A Breeze of Hope Foundation
    10 Scarlet Oak Dr
    Haverford,PA19041     		None PC Child Victims of Sexual Violence healing and justi 25,000
    Building Bridges Across the River
    1901 Mississippi Ave SW 101
    Washington,DC20020     		None PC Pandemic recovery svcs. For Ward 8 100,000
    Cal Ripkin Sr Foundation
    1427 Clarkview Rd Suite 100
    Baltimore,MD21209     		None PC Badges for Baseball Programming 1,000,000
    Cal Ripkin Sr Foundation
    1427 Clarkview Rd Suite 100
    Baltimore,MD21209     		None PC Youth Development Programs 25,000
    California Institute of Technology
    1200 East California Blvd Mail Cod
    Pasadena,CA91125     		None PC Simulation of Extreme Spacetimes (SXS) 1,130,840
    California Institute of Technology
    1200 East California Blvd Mail Cod
    Pasadena,CA91125     		None PC Center for Quantum Precision Measurement 15,000,000
    Capital Area Food Bank
    4900 Puerto Rico Ave NE
    Washington,DC20017     		None PC Covid 19 Food Insecurity 50,000
    Chicago Community Foundation
    225 N Michigan Ave 2200
    Chicago,IL60601     		None PC We Rise Together 75,000
    Childsavers-Memorial Child Guidance Clinic
    200 N 22nd St
    Richmond,VA23223     		None PC Children's mental health 25,000
    The Chrysler Museum Inc
    1 Memorial Place
    Norfolk,VA23510     		None PC Small Museum Conservation - Phase IV 100,000
    The College of New Jersey Foundation Inc
    PO Box 7718
    Ewing,NJ08628     		None PC Summer Stipend Program 82,500
    Community Health Free Clinic
    947 14th Ave SE
    Cedar Rapids,IA52401     		None PC Direct Patient Services 20,000
    The Community Kitchen Inc
    PO Box 1315
    Keene,NJ03431     		None PC Childhood hunger regional svcs 25,000
    Conspiraire Inc
    1812 Centre Creek Dr 110
    Austin,TX78754     		None PC 20-21 Season 20,000
    Cooper Union for the Advancement of Science & Art
    30 Cooper Square 8th Floor
    New York,NY10003     		None PC Arts & Technology-Phase V 140,409
    Corporation of the Fine Arts Museums
    50 Hagiwara Tean Garden Dr
    San Francisco,CA94119     		None PC Arts, Diversity and Technology Initiative 833,333
    The Dallas Institue of Humanities and Culture
    2719 Routh St
    Dallas,TX75201     		None PC Dr. Joanne Stroud memorium 10,000
    Dartmouth College
    14 N Main St
    Hanover,NH03755     		None PC The Friends of E. John Rosenwald, Jr. Fellows Prog 200,000
    DC Greens
    2000 P St NW Ste 240
    Washington,DC20036     		None PC Ward 8 resource hub 50,000
    Deer Lake Conservancy
    PO Box 1139
    St Croix Falls,WI54001     		None PC Improving water quality 30,000
    Democracy Now
    207 West 25th St 11th Floor
    NY,NY10001     		None PC Daily Independent Global News Hour 30,000
    Denison University
    100 W College St
    Granville,OH43023     		None PC Strategic Plan Funding 5,000,000
    Denison University
    100 W College St
    Granville,OH43023     		None PC Dale T & Tina J. Knobel Scholarship Fund 50,000
    Dillard University
    2601 Gentilly Blvd
    New Orleans,LA70122     		None PC Summer Stipend Program 55,000
    Equal Justice Initiative
    122 Commerce St
    Montgomery,AL36104     		None PC General Support 1,000,000
    Equal Justice Initiative
    122 Commerce St
    Montgomery,AL36104     		None PC EJI Art Gallery 250,000
    Fisk University
    1000 Seventeenth Ave North
    Nashville,TN37208     		None PC SEP Phase XV 84,000
    The Frick Collection
    1 East 70th St
    New York,NY10021     		None PC Center for Art Conservation Campaign 1,382,500
    Friends of Montgomery County Animals Inc
    PO Box 386
    Germantown,MD20875     		None PC Animal welfare 50,000
    Fund For Public Schools Inc
    52 Chambers St Room 305
    NY,NY10007     		None PC Harold O Levy Middle School 25,000
    Gateway Community Development Corporation
    4102 Webster St
    N Brentwood,MD20722     		None PC Mentorship towards artist property ownership 30,000
    Greater Chicago Food Depository
    4100 W Ann Lurie Pl
    Chicago,IL60632     		None PC Hunger Relief initiatives 75,000
    Gustavus Adophus College
    800 W College Ave
    Saint Peter,MN56082     		None PC SEP Phase XV 125,000
    Hamilton College
    198 College Hill Rd
    Clinton,NY13323     		None PC Arts & Technology-Pase V 60,951
    Haverford College
    370 Lancaster Ave
    Haverford,PA19041     		None PC Arts & Technology-Pase V 157,901
    Heidelberg University
    310 E Market St
    Tiffin,OH44883     		None PC Jamieson Knobel & Dale Knobel Scholarship 50,000
    Hetrick-Martin Institute Inc
    2 Astor Pl 3rd Fl
    NY,NY10003     		None PC General Support 25,000
    Hispanic Society of America
    613 W 155th Street
    New York,NY10032     		None PC Conservation Lab creation 1,250,000
    Hobart and William Smith Colleges
    300 Pulteney St
    Geneva,NY14456     		None PC Summer Stipend Program 82,500
    Isabella Stewart Gardner Museum
    25 Evans Way
    Boston,MA02115     		None PC Small Museum Conservation-Phase IV 100,000
    Island Safe Harbor Animal Sanctuary Inc
    3620 E State St
    Port Clinton,OH43452     		None PC Care for animals 10,000
    Knox College
    2 East South St
    Galesburg,IL61401     		None PC SEP Phase XV 125,000
    Lakeside Chautauqua
    236 Walnut Ave
    Lakeside,OH43440     		None PC Historic housing preservation 50,000
    Lava Mae
    1015 Fillmore St
    San Francisco,CA94115     		None PC Essential care svcs.to streets by USC 25,000
    Lewis & Clark College
    0615 SW Palatine Hill Rd
    Portland,OR97219     		None PC Pilot Bridge to the Sciences program 17,306
    Medical College of Virginia Foundation
    PO Box 980234
    Richmond,VA23298     		None PC Glioblastoma Multiforme Research 100,000
    Metropolitan Museum of Art
    1000 Fifth Ave
    NY,NY10028     		None PC Education gift 150,000
    Metropolitan Museum of Art
    1000 Fifth Ave
    NY,NY10028     		None PC Conservation Fellows Program 210,000
    Moorhouse College
    830 Westview Drive SW
    Atlanta,GA30314     		None PC Summer Stipend Program 82,500
    The Morgan Library and Museum
    225 Madison Ave
    NY,NY10016     		None PC SFF Fellowships in the Thaw Conservaton 210,000
    My Sisters Place Inc
    1436 U St NW Suite 303
    Washington,DC20009     		None PC Domestic Violence support 25,000
    N Street Village
    1333 N St NW
    Washington,DC20005     		None PC Women's shelter supportive services 25,000
    NAMI Montgomery County
    9210 Corporate Dr
    Rockville,MD20850     		None PC Mental Health support 25,000
    National Links Trust
    331 7th St NE
    Washington,DC20002     		None PC Anacostia Watershed Invasive Vegetarian Project 25,000
    The New 42nd Street Inc
    229 West 42nd St
    NY,NY10036     		None PC New Victory Theatre Programs 1,500,000
    New Mexico Highlands University Foundation Inc
    905 University Ave
    Las Vegas,NM87701     		None PC SEP Phas XV 43,765
    The Nicholson Project
    2310 Nicholson St SE
    Washington,DC20020     		None PC Artist Residency stipends 25,000
    North Carolina Museum of Art Foundation Inc
    2110 Blue Ridge Rd
    Raleigh,NC27607     		None PC Msueum Conservation 100,000
    North East Trees
    570 W Ave 26 Ste 200
    Los Angeles,CA90065     		None PC Ramon Gardens Playground & Lighting Project 50,000
    Northwestern University
    633 Clark St
    Evanston,IL60208     		None PC Two Material Science Projects 1,623,603
    Occidental College
    1600 Campus Rd
    Los Angeles,CA90041     		None PC Summer Stipend Program 82,500
    The Partnership for Inner City Education
    1011 First Ave Suite 1800
    NY,NY10022     		None PC Partnership Schools 500,000
    The Partnership for Inner City Education
    1011 First Ave Suite 1800
    NY,NY10022     		None PC Partnership Schools 50,000
    The Partnership for Inner City Education
    1011 First Ave Suite 1800
    NY,NY10022     		None PC Scholarship Support 50,000
    The Phillips Collection
    1600 21st St NW
    Washington,DC20009     		None PC Education & Commumity Engagement 125,000
    The Phillips Collection
    1600 21st St NW
    Washington,DC20009     		None PC Museum Conservation 100,000
    The Phillips Collection
    1600 21st St NW
    Washington,DC20009     		None PC Digital Art Projections 25,000
    The Phillips Collection
    1600 21st St NW
    Washington,DC20009     		None PC Conservation Fellowship 210,000
    Polaris Project
    1110 Vermont Ave NW 1oth Fl
    Washington,DC20005     		None PC General Support 20,000
    Post Classic Ensemble Inc
    5104 44th St NW
    Washington,DC20016     		None PC General Support 10,000
    ROCK Ride on Center for Kids
    PO Box 2422
    Georgetown,TX78627     		None PC Therapy for kids 20,000
    Rush University Medical Center
    1725 West Harrison St Ste 821
    Chicago,IL60612     		None PC Efficacy of inhibitors in breast cancer mutations 50,000
    Sacred Heart Center Inc
    1400 Perry St
    Richmond,VA23224     		None PC Covid 19 support 25,000
    The Salvation Army Massachusetts Division
    25 Shawmut Rd
    Canton,MA02021     		None PC Emergency Services 250,000
    The Salvation Army Metropolitan Division
    5040 N Pulaski Rd
    Chicago,IL60630     		None PC Emergency Services 250,000
    The Salvation Army National Capital Area Command
    2626 Pennsylvania Ave NW
    Washington,DC20037     		None PC Emergency Services 250,000
    Share Our Strength
    1030 15th St NW
    Washington,DC20005     		None PC No Kid Hungry support 50,000
    Skidmore College
    Office of the President 815 N Broa
    Saratoga Springs,NY12866     		None PC 20-21 general support 191,000
    Spence-Chapin Services to Families and Children
    410 East 92nd St 3rd Fl
    NY,NY10128     		None PC Adoption Services 50,000
    St Ann's Episcopal Church
    167 Ocean Ave
    Kennebunkport,ME04046     		None PC Infrastructure projects 25,000
    St Mary's College of MD Foundation Inc
    18952 E Fisher Rd
    St Marys City,MD20686     		None PC SEP Phase XV 124,583
    St Olaf
    1520 St Olaf Ave
    Northfield,MN55057     		None PC Summer Stipend Program 82,500
    Storahtelling Lab Shul Inc
    131 Varick St Ste 921
    NY,NY10013     		None PC Jewish Community support 25,000
    Sun 24 Inc
    1815 W Jetton Ave
    Tampa,FL33606     		None PC Tongs for Aftrican Women 25,000
    The Salvation Army Greater New York Division
    120 W 14th St
    New York,NY10011     		None PC General Support 600,000
    The Salvation Army Greater New York Division
    120 W 14th St
    New York,NY10011     		None PC Emergency Services 250,000
    The Salvation Army Greater Cleveland Area Services
    2507 East 22nd St
    Cleveland,OH44115     		None PC Emergency Services 250,000
    Thorne Building Community Center Inc
    PO Box 1087
    Millbrook,NY12545     		None PC Repurposing 250,000
    Tougaloo College
    Office of the President 500 W Cou
    Tougaloo,MI39174     		None PC 20-21 general support 124,997
    The University of Arizona
    Center for Creative Photo/1111 N C
    Tuscon,AZ85721     		None PC Small Musuem Conservation - Phase IV 100,000
    The University of California at San Francisco
    Office of the President 513 Parnas
    San Francisco,CA94143     		None PC Alzheimer's & Parkinson's support 2,500,000
    The University of Miami
    1320 S Dixie Hwy Suite 650
    Coral Gables,FL33146     		None PC AI support 100,000
    The University of Southern California
    3551 Trousdale Pkwy Ste 160
    Los Angeles,CA90089     		None PC Int'l Student Engagement & Wellbeing Initiative 50,000
    The University of Southern California
    3551 Trousdale Pkwy Ste 160
    Los Angeles,CA90089     		None PC Arts & Climate Collective 50,000
    The University of Southern California
    3551 Trousdale Pkwy Ste 160
    Los Angeles,CA90089     		None PC Homelessness 25,000
    Virginia Museum of Fine Arts Foundation
    200 N Arthur Ashe Blvd
    Richmond,VA23220     		None PC Goode Conservation Center 25,000
    The Wadsworth Atheneum
    600 Main St
    Hartford,CT06103     		None PC Museum Conservation 100,000
    The Walters Art Gallery
    600 N Charles St
    Baltimore,MD21201     		None PC Museum Conservation 100,000
    Worcester Art Museum
    13406 E Philadelphia St
    Whittier,CA90608     		None PC Arts & Technoligy 100,000
    Yale University
    409 Prospect St
    New Haven,CT06511     		None PC Living Village 4,000,000
    Wesleyan University
    237 High St
    Middletown,CT06459     		None PC Arts & Technology Program - Phase V 171,905
    Whittier College
    13406 EPhiladelphia St
    Whittier,CA90608     		None PC Arts & Technology Program - Phase V 97,501
    Total .................................bullet 3a 46,139,594
    bApproved for future payment
    Agnes Scott College
    141 E College Ave
    Decatur,GA30030     		None PC Summer Stipend Program 247,500
    All Souls Church Unitarian
    1500 Harvard St NW
    Washington,DC20009     		None PC Community Service Program 25,000
    Ann & Robert H Lurie Children's Hospital
    225 E Chicago Ave Box 282
    Chicago,IL60611     		None PC Pathogenisis of necrotizing enterocolitis investig 100,000
    Ape Action Africa Inc
    555 Bryant St 862
    Palo Alto,CA94301     		None PC Rescue, rehab,& conservation of primates 25,000
    Association of Religious Communities (ARC)
    24 Delay St Ste 4
    Danbury,CT06810     		None PC Community needs due to pandemic/economy 50,000
    Ballet Theatre Foundation Inc
    890 Broadway
    NY,NY10003     		None PC General Support 25,000
    Bank Street College of Education
    610 W 112th St
    NY,NY10026     		None PC Covid 19 response 50,000
    Baptist Health South Florida Foundation Inc
    6855 Red Road Ste 600
    Coral Gables,FL33143     		None PC NICU 50,000
    A Breeze of Hope Foundation
    10 Scarlet Oak Dr
    Haverford,PA19041     		None PC Child Victims of Sexual Violence healing and justi 25,000
    Building Bridges Across the River
    1901 Mississippi Ave SW 101
    Washington,DC20020     		None PC Pandemic recovery svcs. For Ward 8 100,000
    Cal Ripkin Sr Foundation
    1427 Clarkview Rd Suite 100
    Baltimore,MD21209     		None PC Youth Development Programs 25,000
    California Institute of Technology
    1200 East California Blvd Mail Cod
    Pasadena,CA91125     		None PC Center for Quantum Precision Measurement 20,000,000
    Capital Area Food Bank
    4900 Puerto Rico Ave NE
    Washington,DC20017     		None PC Covid 19 Food Insecurity 50,000
    Chicago Community Foundation
    225 N Michigan Ave 2200
    Chicago,IL60601     		None PC We Rise Together 75,000
    Childsavers-Memorial Child Guidance Clinic
    200 N 22nd St
    Richmond,VA23223     		None PC Children's mental health 25,000
    The College of New Jersey Foundation Inc
    PO Box 7718
    Ewing,NJ08628     		None PC Summer Stipend Program 247,500
    Community Health Free Clinic
    947 14th Ave SE
    Cedar Rapids,IA52401     		None PC Direct Patient Services 20,000
    The Community Kitchen Inc
    PO Box 1315
    Keene,NJ03431     		None PC Childhood hunger regional svcs 25,000
    Conspiraire Inc
    1812 Centre Creek Dr 110
    Austin,TX78754     		None PC 20-21 Season 20,000
    Corporation of the Fine Arts Museums
    50 Hagiwara Tean Garden Dr
    San Francisco,CA94119     		None PC Arts, Diversity and Technology Initiative 2,500,000
    The Dallas Institue of Humanities and Culture
    2719 Routh St
    Dallas,TX75201     		None PC Dr. Joanne Stroud memorium 10,000
    Dartmouth College
    14 N Main St
    Hanover,NH03755     		None PC The Friends of E. John Rosenwald, Jr. Fellows Prog 200,000
    DC Greens
    2000 P St NW Ste 240
    Washington,DC20036     		None PC Ward 8 resource hub 50,000
    Deer Lake Conservancy
    PO Box 1139
    St Croix Falls,WI54001     		None PC Improving water quality 30,000
    Democracy Now
    207 West 25th St 11th Floor
    NY,NY10001     		None PC Daily Independent Global News Hour 30,000
    Denison University
    100 W College St
    Granville,OH43023     		None PC Dale T & Tina J. Knobel Scholarship Fund 50,000
    Dillard University
    2601 Gentilly Blvd
    New Orleans,LA70122     		None PC Summer Stipend Program 165,000
    Equal Justice Initiative
    122 Commerce St
    Montgomery,AL36104     		None PC EJI Art Gallery 250,000
    Friends of Montgomery County Animals Inc
    PO Box 386
    Germantown,MD20875     		None PC Animal welfare 50,000
    Fund For Public Schools Inc
    52 Chambers St Room 305
    NY,NY10007     		None PC Harold O Levy Middle School 25,000
    Gateway Community Development Corporation
    4102 Webster St
    N Brentwood,MD20722     		None PC Mentorship towards artist property ownership 30,000
    Greater Chicago Food Depository
    4100 W Ann Lurie Pl
    Chicago,IL60632     		None PC Hunger Relief initiatives 75,000
    Heidelberg University
    310 E Market St
    Tiffin,OH44883     		None PC Jamieson Knobel & Dale Knobel Scholarship 50,000
    Hetrick-Martin Institute Inc
    2 Astor Pl 3rd Fl
    NY,NY10003     		None PC General Support 25,000
    Hobart and William Smith Colleges
    300 Pulteney St
    Geneva,NY14456     		None PC Summer Stipend Program 247,500
    Island Safe Harbor Animal Sanctuary Inc
    3620 E State St
    Port Clinton,OH43452     		None PC Care for animals 10,000
    Lakeside Chautauqua
    236 Walnut Ave
    Lakeside,OH43440     		None PC Historic housing preservation 50,000
    Lava Mae
    1015 Fillmore St
    San Francisco,CA94115     		None PC Essential care svcs.to streets by USC 25,000
    Medical College of Virginia Foundation
    PO Box 980234
    Richmond,VA23298     		None PC Glioblastoma Multiforme Research 100,000
    Metropolitan Museum of Art
    1000 Fifth Ave
    NY,NY10028     		None PC Education gift 150,000
    Metropolitan Museum of Art
    1000 Fifth Ave
    NY,NY10028     		None PC Conservation Fellows Program 210,000
    Moorhouse College
    830 Westview Drive SW
    Atlanta,GA30314     		None PC Summer Stipend Program 247,500
    The Morgan Library and Museum
    225 Madison Ave
    NY,NY10016     		None PC SFF Fellowships in the Thaw Conservaton 210,000
    My Sisters Place Inc
    1436 U St NW Suite 303
    Washington,DC20009     		None PC Domestic Violence support 25,000
    N Street Village
    1333 N St NW
    Washington,DC20005     		None PC Women's shelter supportive services 25,000
    NAMI Montgomery County
    9210 Corporate Dr
    Rockville,MD20850     		None PC Mental Health support 25,000
    National Links Trust
    331 7th St NE
    Washington,DC20002     		None PC Anacostia Watershed Invasive Vegetarian Project 25,000
    The New 42nd Street Inc
    229 West 42nd St
    NY,NY10036     		None PC New Victory Theatre Programs 1,500,000
    The Nicholson Project
    2310 Nicholson St SE
    Washington,DC20020     		None PC Artist Residency stipends 25,000
    North Carolina Museum of Art Foundation Inc
    2110 Blue Ridge Rd
    Raleigh,NC27607     		None PC Msueum Conservation 100,000
    North East Trees
    570 W Ave 26 Ste 200
    Los Angeles,CA90065     		None PC Ramon Gardens Playground & Lighting Project 50,000
    Occidental College
    1600 Campus Rd
    Los Angeles,CA90041     		None PC Summer Stipend Program 247,500
    The Partnership for Inner City Education
    1011 First Ave Suite 1800
    NY,NY10022     		None PC Partnership Schools 50,000
    The Partnership for Inner City Education
    1011 First Ave Suite 1800
    NY,NY10022     		None PC Scholarship Support 50,000
    The Phillips Collection
    1600 21st St NW
    Washington,DC20009     		None PC Museum Conservation 100,000
    The Phillips Collection
    1600 21st St NW
    Washington,DC20009     		None PC Digital Art Projections 25,000
    The Phillips Collection
    1600 21st St NW
    Washington,DC20009     		None PC Conservation Fellowship 210,000
    Polaris Project
    1110 Vermont Ave NW 1oth Fl
    Washington,DC20005     		None PC General Support 20,000
    Post Classic Ensemble Inc
    5104 44th St NW
    Washington,DC20016     		None PC General Support 10,000
    ROCK Ride on Center for Kids
    PO Box 2422
    Georgetown,TX78627     		None PC Therapy for kids 20,000
    Rush University Medical Center
    1725 West Harrison St Ste 821
    Chicago,IL60612     		None PC Efficacy of inhibitors in breast cancer mutations 50,000
    Sacred Heart Center Inc
    1400 Perry St
    Richmond,VA23224     		None PC Covid 19 support 25,000
    The Salvation Army Massachusetts Division
    25 Shawmut Rd
    Canton,MA02021     		None PC Emergency Services 250,000
    The Salvation Army Metropolitan Division
    5040 N Pulaski Rd
    Chicago,IL60630     		None PC Emergency Services 250,000
    The Salvation Army National Capital Area Command
    2626 Pennsylvania Ave NW
    Washington,DC20037     		None PC Emergency Services 250,000
    Share Our Strength
    1030 15th St NW
    Washington,DC20005     		None PC No Kid Hungry support 50,000
    Spence-Chapin Services to Families and Children
    410 East 92nd St 3rd Fl
    NY,NY10128     		None PC Adoption Services 50,000
    St Ann's Episcopal Church
    167 Ocean Ave
    Kennebunkport,ME04046     		None PC Infrastructure projects 25,000
    St Olaf
    1520 St Olaf Ave
    Northfield,MN55057     		None PC Summer Stipend Program 247,500
    Storahtelling Lab Shul Inc
    131 Varick St Ste 921
    NY,NY10013     		None PC Jewish Community support 25,000
    Sun 24 Inc
    1815 W Jetton Ave
    Tampa,FL33606     		None PC Tongs for Aftrican Women 25,000
    The Salvation Army Greater New York Division
    120 W 14th St
    New York,NY10011     		None PC General Support 600,000
    The Salvation Army Greater New York Division
    120 W 14th St
    New York,NY10011     		None PC Emergency Services 250,000
    The Salvation Army Greater Cleveland Area Services
    2507 East 22nd St
    Cleveland,OH44115     		None PC Emergency Services 250,000
    Thorne Building Community Center Inc
    PO Box 1087
    Millbrook,NY12545     		None PC Repurposing 250,000
    The University of Miami
    1320 S Dixie Hwy Suite 650
    Coral Gables,FL33146     		None PC AI support 100,000
    The University of Southern California
    3551 Trousdale Pkwy Ste 160
    Los Angeles,CA90089     		None PC Int'l Student Engagement & Wellbeing Initiative 50,000
    The University of Southern California
    3551 Trousdale Pkwy Ste 160
    Los Angeles,CA90089     		None PC Arts & Climate Collective 50,000
    The University of Southern California
    3551 Trousdale Pkwy Ste 160
    Los Angeles,CA90089     		None PC Homelessness 25,000
    Virginia Museum of Fine Arts Foundation
    200 N Arthur Ashe Blvd
    Richmond,VA23220     		None PC Goode Conservation Center 25,000
    The Wadsworth Atheneum
    600 Main St
    Hartford,CT06103     		None PC Museum Conservation 100,000
    The Walters Art Gallery
    600 N Charles St
    Baltimore,MD21201     		None PC Museum Conservation 100,000
    Worcester Art Museum
    13406 E Philadelphia St
    Whittier,CA90608     		None PC Arts & Technoligy 100,000
    Yale University
    409 Prospect St
    New Haven,CT06511     		None PC Living Village 4,000,000
    Total .................................bullet 3b 35,630,000
    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 8,587  
    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 ............     		525990   18 99,201,700  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   153,778,532  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    153,778,532
    (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:
    Sherman Fairchild Foundation Inc
    EIN:
    13-1951698
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT AND TAX PREPARATION 182,147 72,859   109,288
    401K ADMINISTRATION 8,247 3,299   4,948

    TY 2021 ContractorCompensationExpln
    Name:
    Sherman Fairchild Foundation Inc
    EIN:
    13-1951698
    Contractor Explanation
    BDO USA LLP AUDIT AND TAX SERVICES
    Barbara Beltz Grants Consultant

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

    TY 2021 DepreciationSchedule
    Name:
    Sherman Fairchild Foundation Inc
    EIN:
    13-1951698
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2021 ExplnOfNonFilingWithAGStmt
    Name:
    Sherman Fairchild Foundation Inc
    EIN:
    13-1951698
    Statement:
    A COPY OF FORM 990PF HAS NOT BEEN FILED WITH MARYLAND. MARYLAND ONLY REQUIRES THE 990PF BE FILED WHEN THE ORGANIZATION IS FUNDRAISING IN THE STATE.

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Sherman Fairchild Foundation Inc
    EIN:
    13-1951698
    Name of Stock End of Year Book Value End of Year Fair Market Value
    JW CAYMAN THERAPEUTICS CO LTD 11,724 4,920
    CHINA RENAISSANCE HOLDINGS LTD 200,900 120,908
    MEITUAN 5,368,277 4,409,384
    ATLASSIAN CORP PLC 177,284 2,287,740
    AIR BNB INC 3,222,270 2,731,268
    DOORDASH INC 2,014,600 1,489,000
    ACV AUCTIONS INC 41,410 36,681
    AIR BNB INC 58,337 49,448
    BIGCOMMERCE HOLDINGS INC 402,105 243,452
    DADA NEXUS LTD 88,227 86,132
    DOCUSIGN INC 1,132,647 867,101
    META PLATFORMS INC 1,382,910 5,997,121
    GUARDANT HEALTH INC. 766,048 850,170
    MARQETA INC 4,739,042 3,465,267
    1LIFE HEALTHCARE INC 51,337 41,149
    PINDUODUO 8,074,210 4,165,710
    ROBLOX CORP 1,919,627 2,063,200
    SCHOLAR ROCK HOLDING CORP 30,445 21,710
    SERVICENOW INC. 321,950 4,446,404
    TWILIO INC 703,340 544,587
    UIPATH INC 1,095,147 769,914
    UNITY SOFTWARE INC 4,346,456 3,095,734
    VANGUARD INST INDEX FUND INST 13,911,169 24,397,119
    ZOOM VIDEO COMMUNICATIONS INC. 2,709,809 1,298,221
    PIMCO TOTAL RETURN FUND INST 57,256,596 56,413,653
    OTHER   159,956
    ROUNDING 9  

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Sherman Fairchild Foundation Inc
    EIN:
    13-1951698
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SEE ATTACHED AT COST 515,067,510 1,090,759,298

    TY 2021 LegalFeesSchedule
    Name:
    Sherman Fairchild Foundation Inc
    EIN:
    13-1951698
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL-GENERAL 27,565 11,302   16,263


    TY 2021 OtherExpensesSchedule
    Name:
    Sherman Fairchild Foundation Inc
    EIN:
    13-1951698
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TELEPHONE 7,180 2,944   4,236
    POSTAGE/COPYING 7,923 3,248   4,675
    INSURANCE 57,785 23,692   34,093
    COMPUTER EXPENSE 188,776 77,398   111,378
    OTHER EXPENSE 16,224 6,652   9,572


    TY 2021 OtherIncomeSchedule2
    Name:
    Sherman Fairchild Foundation Inc
    EIN:
    13-1951698
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Partnership income(loss)-attachment 17 53,077,648 50,827,824  
    Less: unrelated business income gain   -1,135,631  
    Less non-ubit capital gains on line 7   -46,788,376  
    OTHER INVESTMENT INCOME 15,112 15,112  


    TY 2021 OtherIncreasesSchedule
    Name:
    Sherman Fairchild Foundation Inc
    EIN:
    13-1951698
    Description Amount
    OTHER 2,383,691


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Sherman Fairchild Foundation Inc
    EIN:
    13-1951698
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 2,067,229 2,067,299    
    GRANTS CONSULTANTS 248,759     248,759


    TY 2021 TaxesSchedule
    Name:
    Sherman Fairchild Foundation Inc
    EIN:
    13-1951698
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 77,106 31,613   45,493
    FILING FEES 1,810 1,810