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
THE TREETOPS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)BAKER TILLY ONE PENN PLAZA 3000
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10119
A Employer identification number

13-4093466
B Telephone number (see instructions)

(212) 697-6900
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$19,622,447J 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) 2,780
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 302,436 302,436  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,085,089
b Gross sales price for all assets on line 6a 4,482,034
7 Capital gain net income (from Part IV, line 2)... 1,130,961
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 4,396 9,002  
12 Total. Add lines 1 through 11........ 1,394,701 1,442,399  
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)....... Click to see attachment 79,576 0   79,576
c Other professional fees (attach schedule).... Click to see attachment 186,819 66,819   120,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 91,321 8,216   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 198,537 196,435   1,321
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 556,253 271,470   200,897
25 Contributions, gifts, grants paid....... 875,053 875,053
26 Total expenses and disbursements. Add lines 24 and 25 1,431,306 271,470   1,075,950
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -36,605
b Net investment income (if negative, enter -0-) 1,170,929
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......... 576,403 450,668 450,668
3 Accounts receivable bullet140,250
Less: allowance for doubtful accounts bullet   10,141 140,250 140,250
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)....... 9,243,857 Click to see attachment8,081,172 13,401,109
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).......... 4,115,113 Click to see attachment5,231,894 5,630,420
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,945,514 13,903,984 19,622,447
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment198,595 Click to see attachment193,670
23 Total liabilities (add lines 17 through 22)......... 198,595 193,670
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 13,746,919 13,710,314
29 Total net assets or fund balances (see instructions)..... 13,746,919 13,710,314
30 Total liabilities and net assets/fund balances (see instructions). 13,945,514 13,903,984
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
13,746,919
2
Enter amount from Part I, line 27a .....................
2
-36,605
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
13,710,314
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,710,314
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 1231 GAIN - BASIS ADJUSTMENT D   2021-12-31
b 1256 GAIN - BASIS ADJUSTMENT D   2021-12-31
c ABBVIE INC P   2021-12-31
d ACQUISITION FUND FOUR LP P   2021-12-31
e AERIE PHARMACEUTICALS P   2021-12-31
AERIE PHARMACEUTICALS P   2021-12-31
AES CORP COM P   2021-12-31
ALPHABET INC P   2021-12-31
APPLE INC P   2021-12-31
AXIS CAP HLDGS P   2021-12-31
BERKSHIRE HATHAWAY P   2021-12-31
BLACKSTONE INC COM P   2021-12-31
BRUNSWICK CORP P   2021-12-31
BWX TECHNOLOGIES P   2021-12-31
CITIGROUP INC P   2021-12-31
CITIGROUP INC P   2021-12-31
COMCAST CORP P   2021-12-31
CONCORD ACQUISITION P   2021-12-31
CONCORD ACQUISITION P   2021-12-31
CONCORD ACQUISITION P   2021-12-31
CREDIT SUISSE GRP P   2021-12-31
DELOS INVESTMENT FUND LP P   2021-12-31
DOW INC P   2021-12-31
DOW INC P   2021-12-31
DUPONT DE NEMOURS INC P   2021-12-31
DUPONT DE NEMOURS INC P   2021-12-31
DUPONT DE NEMOURS INC P   2021-12-31
DUPONT DE NEMOURS INC P   2021-12-31
ENERGY TRANSFER LP- 1231 LOSS D   2021-12-31
ENERGY TRANSFER LP- GAIN ON DISPOSITION D   2021-12-31
EXCESS GAIN ON DISTRIBUTION- STRONGHOLD LMP I, LP D   2021-12-31
GENERAL MOTORS CO P   2021-12-31
GENERAL MOTORS CO P   2021-12-31
GRACE(W.R.) & CO P   2021-12-31
GRACE(W.R.) & CO P   2021-12-31
HESS CORPORATION P   2021-12-31
HESS CORPORATION P   2021-12-31
INTEL CORP P   2021-12-31
INTERCONTINENTALEXCHANGE GROUP P   2021-12-31
INTERNATIONAL BUS MACH CORP P   2021-12-31
INTERNATIONAL BUS MACH CORP P   2021-12-31
INTERNATIONAL BUS MACH CORP P   2021-12-31
INTERNATIONAL BUS MACH CORP P   2021-12-31
INTERNATIONAL BUS MACH CORP P   2021-12-31
INTERNATIONAL BUS MACH CORP P   2021-12-31
INTERNATIONAL FLAVORS P   2021-12-31
ISHARES GOLD TR P   2021-12-31
JPMORGAN CHASE & CO P   2021-12-31
JPMORGAN CHASE & CO P   2021-12-31
KYNDRYL HLDGS INC P   2021-12-31
KYNDRYL HLDGS INC P   2021-12-31
LAA ASSOCIATES, LLC - 1231 LOSS D   2021-12-31
LAA STOUGHTON, LLC - 1231 LOSS D   2021-12-31
LATCH INC P   2021-12-31
LHC LIMITED PARTNERSHIP D   2021-12-31
LIVE NATION ENTERTAINMENT P   2021-12-31
LONG TERM CAPITAL GAIN- BASIS ADJUSTMENT D   2021-12-31
LONG TERM CAPITAL GAIN- BASIS ADJUSTMENT D   2021-12-31
LONG TERM CAPITAL GAIN- BASIS ADJUSTMENT D   2021-12-31
LONG TERM CAPITAL GAIN- BASIS ADJUSTMENT D   2021-12-31
MAPLE LEAF FOODS P   2021-12-31
MERCK & CO P   2021-12-31
MERCK & CO P   2021-12-31
MICROSOFT CORP P   2021-12-31
MICROSOFT CORP P   2021-12-31
MICROSOFT CORP P   2021-12-31
MONDELEZ INTL INC P   2021-12-31
NESTLE ADR P   2021-12-31
NOVAGOLD RES INC P   2021-12-31
NOVAGOLD RES INC P   2021-12-31
OAKMARK INTERNATIONAL FUND P   2021-12-31
OVERSEAS ACQUISITION FUND TWO LP P   2021-12-31
PINTEREST INC P   2021-12-31
PRIMO WATER CORPORATION P   2021-12-31
PRIMO WATER CORPORATION P   2021-12-31
PRINCETON LR II, LLC - 1231 GAIN D   2021-12-31
PRINCETON LR II, LLC - LOSS ON DISPOSITION D   2021-12-31
PRINCETON LR, LLC - 1231 GAIN D   2021-12-31
RIVER PARTNERS 2000-3 LLC D   2021-12-31
RIVER PARTNERS 2000-3 LLC D   2021-12-31
RIVER PARTNERS 2000-3 LLC - GAIN ON DISPOSITION D   2021-12-31
RIVER PARTNERS 2000-4 LLC D   2021-12-31
RIVER PARTNERS 2000-4 LLC D   2021-12-31
RIVER PARTNERS 2000-4 LLC - 1256 LOSS D   2021-12-31
RIVER PARTNERS 2001-BBI, LLC D   2021-12-31
RIVER PARTNERS 2001-BBI, LLC D   2021-12-31
RIVER PARTNERS 2002-NCH, LLC D   2021-12-31
RIVER PARTNERS 2002-NCH, LLC - 1231 GAIN D   2021-12-31
RIVER PARTNERS 2002-NCH2, LLC - 1231 GAIN D   2021-12-31
RIVER PARTNERS 2003-NEA, LLC D   2021-12-31
RIVER PARTNERS 2003-NEA, LLC D   2021-12-31
RIVER PARTNERS 2004-BRN D   2021-12-31
RIVER PARTNERS 2004-BRN D   2021-12-31
RIVER PARTNERS 2004-BRN - GAIN ON DISPOSITION D   2021-12-31
RIVER PARTNERS 2005-SAK, LLC D   2021-12-31
RIVER PARTNERS 2006-AF06, LLC D   2021-12-31
RIVER PARTNERS 2006-AF06, LLC D   2021-12-31
RIVER PARTNERS 2006-AF06, LLC - 1231 LOSS D   2021-12-31
RIVER PARTNERS 2006-LS, LLC D   2021-12-31
RIVER PARTNERS 2006-LS, LLC - 1231 GAIN D   2021-12-31
RIVER PARTNERS 2006-OLIF, LLC D   2021-12-31
RIVER PARTNERS 2007-AF07, LLC D   2021-12-31
RIVER PARTNERS 2007-AF07, LLC - 1231 GAIN D   2021-12-31
RIVER PARTNERS 2007-AF07, LLC - 1256 LOSS D   2021-12-31
RIVER PARTNERS 2007-AP, LLC D   2021-12-31
RIVER PARTNERS 2007-AP, LLC D   2021-12-31
RIVER PARTNERS 2007-AP, LLC - 1231 GAIN D   2021-12-31
RIVER PARTNERS 2007-HPC, LLC D   2021-12-31
RIVER PARTNERS 2007-TCG, LLC D   2021-12-31
RIVER PARTNERS 2007-TCG, LLC D   2021-12-31
RIVER PARTNERS 2012-CBX LLC D   2021-12-31
ROCKWELL AUTOMATION INC P   2021-12-31
ROYAL DUTCH SHELL ADR P   2021-12-31
SCHLUMBERGER LTD P   2021-12-31
SECTOR SPDR TR P   2021-12-31
SECTOR SPDR TR P   2021-12-31
SERVICE PPTYS TR SBI P   2021-12-31
SHORT TERM CAPITAL GAIN - BASIS ADJUSTMENT D   2021-12-31
SIMPLY GOOD FOODS P   2021-12-31
STRONGHOLD LMP I, LP P   2021-12-31
SUBURBAN PROPANE D   2021-12-31
SUBURBAN PROPANE - GAIN ON DISPOSITION D   2021-12-31
SUBURBAN PROPANE PARTNERS - 1231 LOSS D   2021-12-31
SUBURBAN PROPANE PARTNERS - 1256 GAIN D   2021-12-31
SUNRUN INC COM P   2021-12-31
TANGER FACTORY OUTLET P   2021-12-31
TINICUM PARALLEL LP D   2021-12-31
TINICUM PARALLEL LP - 1231 GAIN D   2021-12-31
TRILANTIC CAPITAL PARTNERS VI D   2021-12-31
TRULIEVE CANNABIS P   2021-12-31
TS INNOVATION P   2021-12-31
UNITEDHEALTH GROUP INC P   2021-12-31
VOLKSWAGEN AG PFD P   2021-12-31
W P CAREY INC P   2021-12-31
ENERGY TRANSFER LP- BASIS ADJUSTMENT P   2021-12-31
CAPITAL GAINS DIVIDENDS P    
(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 14     14
b 3     3
c 50,863   36,191 14,672
d     12 -12
e 36,922   72,686 -35,764
8,695   25,648 -16,953
56,718   50,698 6,020
20,924   2,378 18,546
112,400   15,318 97,082
63,367   50,413 12,954
16,733   10,298 6,435
59,244   14,552 44,692
181,480   62,465 119,015
23,654   28,813 -5,159
500,522   364,537 135,985
48,252   34,463 13,789
63,387   47,475 15,912
3,783   4,599 -816
10   10 0
148,939   136,637 12,302
43,514   48,430 -4,916
    8,525 -8,525
19,635   15,442 4,193
86,688   70,393 16,295
47,379   44,107 3,272
96,652   103,303 -6,651
91,316   77,411 13,905
21,892   22,661 -769
    4 -4
1,949     1,949
3     3
69,305   44,364 24,941
46,964   26,619 20,345
36,467   21,530 14,937
143,260   127,259 16,001
27,322   15,413 11,909
47,849   20,104 27,745
207,331   169,893 37,438
59,249   50,074 9,175
21,813   20,923 890
47,183   43,477 3,706
9,967   9,511 456
7,257   6,793 464
34,660   33,423 1,237
32,838   32,669 169
40,397   36,432 3,965
18     18
191,846   45,988 145,858
73,030   15,909 57,121
1,024   1,084 -60
1,501   1,629 -128
    2 -2
    1 -1
4,093   3,309 784
1,519     1,519
10,873   3,693 7,180
    2,928 -2,928
78     78
12     12
    98 -98
51,866   49,001 2,865
45,694   47,868 -2,174
36,395   16,689 19,706
36,897   3,381 33,516
40,849   3,750 37,099
76,626   9,405 67,221
69,692   63,605 6,087
4,410   1,773 2,637
26,718   11,962 14,756
7,765   2,988 4,777
75,000   51,875 23,125
    4 -4
49,339   63,199 -13,860
85,003   68,443 16,560
87,968   86,601 1,367
1,351     1,351
    12,134 -12,134
6,725     6,725
10,309     10,309
    9,180 -9,180
20,303     20,303
1,419     1,419
3,120     3,120
    2 -2
2,493     2,493
190     190
933     933
16     16
    408 -408
12     12
97     97
977     977
    88 -88
5,102     5,102
    22 -22
    389 -389
523     523
    14 -14
    1,076 -1,076
1,398     1,398
1     1
976     976
95     95
    3 -3
18,360     18,360
1     1
251     251
4,066     4,066
45,781     45,781
522     522
    199,742 -199,742
61,278   49,920 11,358
42,473   71,046 -28,573
57,633   67,274 -9,641
28,915   16,974 11,941
83,531   59,138 24,393
39,371   67,564 -28,193
389     389
18,650     18,650
3,096     3,096
22,820   52,384 -29,564
52,798     52,798
    38 -38
103     103
23,598   5,637 17,961
33,151   44,552 -11,401
1,698     1,698
10     10
1,850     1,850
40,940   20,134 20,806
7,989   7,726 263
59,624   37,304 22,320
29,051   18,732 10,319
63,267   48,454 14,813
40,966     40,966
28,796     28,796
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       14
b       3
c       14,672
d       -12
e       -35,764
      -16,953
      6,020
      18,546
      97,082
      12,954
      6,435
      44,692
      119,015
      -5,159
      135,985
      13,789
      15,912
      -816
      0
      12,302
      -4,916
      -8,525
      4,193
      16,295
      3,272
      -6,651
      13,905
      -769
      -4
      1,949
      3
      24,941
      20,345
      14,937
      16,001
      11,909
      27,745
      37,438
      9,175
      890
      3,706
      456
      464
      1,237
      169
      3,965
      18
      145,858
      57,121
      -60
      -128
      -2
      -1
      784
      1,519
      7,180
      -2,928
      78
      12
      -98
      2,865
      -2,174
      19,706
      33,516
      37,099
      67,221
      6,087
      2,637
      14,756
      4,777
      23,125
      -4
      -13,860
      16,560
      1,367
      1,351
      -12,134
      6,725
      10,309
      -9,180
      20,303
      1,419
      3,120
      -2
      2,493
      190
      933
      16
      -408
      12
      97
      977
      -88
      5,102
      -22
      -389
      523
      -14
      -1,076
      1,398
      1
      976
      95
      -3
      18,360
      1
      251
      4,066
      45,781
      522
      -199,742
      11,358
      -28,573
      -9,641
      11,941
      24,393
      -28,193
      389
      18,650
      3,096
      -29,564
      52,798
      -38
      103
      17,961
      -11,401
      1,698
      10
      1,850
      20,806
      263
      22,320
      10,319
      14,813
      40,966
      28,796
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 1,130,961
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 16,276
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 16,276
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 20,856
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 35,856
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 19,580
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet19,580 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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
     
    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 ofbulletBAKER TILLY US LLP Telephone no.bullet (212) 697-6900

    Located atbulletONE PENN PLAZA - SUITE 3000NEW YORKNY ZIP+4bullet10119
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    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
    MATTHEW BRONFMAN TRUSTEE
    0.00     		0 0 0
    C/O BT US LLP 1 PENN PLAZA - STE
    3000
    NEW YORK,NY10119
    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
    ALMOG GEVA CONSULTING 120,000
    487 CUMBERLAND AVENUE
    TEANECK,NJ07666
    BAKER TILLY US ACCOUNTING 80,326
    BAKER TILLY ONE PENN PLAZA STE 3000
    NEW YORK,NY10119
    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
    14,458,504
    b
    Average of monthly cash balances.......................
    1b
    689,569
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,975,504
    d
    Total (add lines 1a, b, and c).........................
    1d
    20,123,577
    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
    20,123,577
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    301,854
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    19,821,723
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    991,086
    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
    991,086
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    16,276
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    6,733
    c
    Add lines 2a and 2b............................
    2c
    23,009
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    968,077
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    968,077
    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
    968,077
    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 7 968,077
    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...... 18,269
    b From 2017...... 469,704
    c From 2018...... 580,104
    d From 2019...... 61,736
    e From 2020...... 1,144,514
    f Total of lines 3a through e ........ 2,274,327
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,075,950
    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..... 968,077
    e Remaining amount distributed out of corpus 107,873
    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 2,382,200
    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) ...     		18,269
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		2,363,931
    10 Analysis of line 9:
    a Excess from 2017.... 469,704
    b Excess from 2018.... 580,104
    c Excess from 2019.... 61,736
    d Excess from 2020.... 1,144,514
    e Excess from 2021.... 107,873
    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).)
    MATTHEW BRONFMAN
    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
    92ND STREET Y
    1395 LEXINGTON AVENUE
    NEW YORK,NY10128     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 2,100
    AMERICAN FRIENDS OF THE ISRAEL MUSEUM
    500 FIFTH AVENUE SUITE 2540
    NEW YORK,NY10110     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 26,800
    AMERICAN FRIENDS OF THE OPEN UNIVERSITY OF ISRAEL
    120 EAST 56 STREET SUITE 900
    NEW YORK,NY10022     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 155
    AMERICAN FRIENDS OF THE PHILHARMONIC ORCHESTRA
    122 EAST 42ND STREET SUITE 4507
    NEW YORK,NY10168     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 27,500
    AMERICAN MUESUM OF NATURAL HISTORY
    200 CENTRAL PARK W
    NEW YORK,NY10024     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 15,000
    BEAST PHILANTHROPY
    993B BROMPTON LN
    GREENVILLE,NC27834     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 1,000
    CENTRAL PARK CONSERVANCY
    14 EAST 60TH STREET
    NEW YORK,NY10022     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 10,000
    CHILD MIND INSTITUTE
    101 EAST 56TH STREET
    NEW YORK,NY10022     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 5,000
    COVENANT HOUSE
    461 EIGHTH AVENUE
    NEW YORK,NY10001     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 1,872
    EAGLEBROOK SCHOOL
    271 PINE NOOK RD
    DEERFIELD,MA01342     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 27,500
    FROM PASSTHROUGH ENTITIES
    C/O BAKER TILLY ONE PENN PLAZA -
    SUITE 3000
    NEW YORK,NY10119     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 214
    FSU INT'L FND
    282 CHAMPIONS WAY
    TALLAHASSE,FL32306     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 25,000
    GEORGETOWN UNIVERSITY
    37TH AND O STS NW
    WASHINGTON,DC20007     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 2,500
    GODS LOVE WE DELIVER
    166 AVENUE OF THE AMERICAS
    NEW YORK,NY10013     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 500
    HILLEL INTERNATIONAL
    800 EIGHTH STREET NW
    WASHINGTON,DC20001     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 1,800
    HILLELS THE FOUNDATION FOR JEWISH
    800 EIGHTH STREET NW
    WASHINGTON,DC20001     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 180,000
    MOISE SAFRA CENTER
    130 E 82ND ST
    NEW YORK,NY10028     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 360
    NYU-BRONFMAN CENTER ENDOWMENT FUND
    PO BOX 6706
    HAGERSTOWN,MD21741     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 3,600
    OTS-JEWISH LEARNING CENTER
    49 W 45TH ST
    NEW YORK,NY10036     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 25,000
    PARK AVENUE SYNAGOGUE
    50 EAST 87TH STREET
    NEW YORK,NY10128     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 482,352
    THE ALLEN STEVENSON SCHOOL
    132 EAST 78TH STREET
    NEW YORK,NY10075     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 1,800
    UNITED JEWISH ASSOCIATION FEDERATION OF NY
    130 E 59TH STREET
    NEW YORK,NY10022     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 25,000
    VENETIAN HERITAGE INC
    232 E 59TH ST
    NEW YORK,NY10022     		NONE 501(C)(3) TAX EXEMPT GENERAL CHARITABLE SUPPORT - NO DESIGNATION 10,000
    Total .................................bullet 3a 875,053
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		         
    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 1,085,089  
    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) .. 0 1,391,921 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,391,921
    (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:
    THE TREETOPS FOUNDATION
    EIN:
    13-4093466
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 79,576 0   79,576

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE TREETOPS FOUNDATION
    EIN:
    13-4093466
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADOBE INC 111,366 268,786
    AERIE PHARMACEUTICALS INC 123,914 42,464
    AES CORP 101,459 118,997
    ALGER GROWTH SM CAP FOCUS FD - AGOZX 47,072 58,129
    ALPHABET INC CAP STK CL A 23,861 202,793
    ALPHABET INC CAP STK CL C 21,406 182,296
    ALPHABET INC CL A 189,184 521,467
    AMAZON.COM 54,422 103,365
    AMERICAN TOWER CORP 74,895 84,825
    ANTERO MIDSTREAM CORP 12,249 12,613
    APPLE INC 45,955 465,589
    BANK OF NEW YORK MELLON CORP 134,069 351,384
    BARON SELECT FUNDS EM FD 15,331 17,999
    BARRICK GOLD CORP 54,634 81,700
    BERKSHIRE HATHAWAY INC 31,426 52,923
    BLACKROCK HEALTH SCIENCES OPP 72,776 88,552
    BLACKSTONE GROUP 27,716 129,390
    BMX TECHNOLOGIES INC 14,450 17,811
    BRUNSWICK CORP 29,056 92,269
    CARILLON SER TR 75,767 76,142
    CATERPILLAR INC 38,542 68,844
    CC NEUBERGER PRINCIPAL HOLDINGS 5,370 5,415
    CITIGROUP INC 342,827 454,495
    CITIGROUP INC. 79,792 99,945
    COHEN & STEERS FUNDS LOW DURATION PRF 38,342 37,644
    COHEN & STEERS PFD SECS & INCOME FUND 67,959 74,569
    DANAHER CORP 50,279 129,959
    DUPONT DE NEMOURS INC 20,858 45,479
    EATON VANCE GLOBAL MACRO ABSOLUTE - EIGMX 138,614 134,888
    EMPOWERMENT DE NEMOURS INC 50,200 50,103
    ENERGY SELECT SECTOR SPDR 11,257 11,100
    EQUITY DISTR ACQUISITION CORP 12,318 12,265
    EXCHANGE TRADED CONCEPTS TR EMQQ 22,271 27,885
    FACEBOOK INC 74,058 107,632
    FACEBOOK INC - CLASS A 23,738 58,861
    FIDELITY ADVISOR 27,000 27,649
    FIRST LOW DURATION MTG ETF 50,833 49,990
    GENERAL MOTORS 122,046 198,111
    HESS CORP 37,355 60,408
    HONEYWELL INTL INC 93,979 149,293
    HP PONIT72 LTD 1,000,000 1,180,051
    IGENE BIOTECHNOLOGY 1,358 0
    INTL BUSINESS MACH 90,680 94,765
    INVESCO EMERGING MKTS LOCAL DEBT FD 62,377 61,498
    INVESCO QQQ TR 60,404 149,194
    INVESCO TR S&P 500 14,609 16,275
    ISHARES INC CORE MSCI 110,918 137,678
    ISHARES CORE MSCI EAFE - IEFA 81,737 104,272
    ISHARES CORE MSCI EMERGING - IEMG 246,848 309,536
    ISHARES CORE S&P MIDCAP- IJH 100,384 110,684
    ISHARES EDGE MSCI 157,194 230,565
    ISHARES GOLD TRUSTET ETF 9,328 9,573
    ISHARES MSCI CHINA 59,409 56,493
    ISHARES RUSSELL 2000 ETF - IWM 146,110 235,352
    JANUS HENDERSON GLOBAL TECHNOLOGY FUND 27,419 36,315
    JOHNSON & JOHNSON 105,767 287,398
    JOHNSON & JOHNSON 63,100 171,070
    JP MORGAN 177,356 475,050
    JP MORGAN CHASE & CO 63,638 283,763
    JPMORGAN TR I HEDGED EQUITY FD - JHEQX 51,366 67,550
    KINDER MORGAN INC 86,865 35,304
    LAUDER ESTEE COS 80,145 175,475
    LAZARD FDS INC 38,078 46,389
    LIVE NATION ENTERTAINMENT INC 14,814 44,166
    LONGVIEW ACQUISITIONS CORP II 30,741 30,494
    MAPLE LEAF FOODS INC 31,554 34,700
    MARKEL CORP 43,352 123,400
    MARSH & MCLENNAN 31,610 177,296
    MEDTRONIC 100,061 115,864
    MERCK & CO. INC. 50,067 114,960
    MICROSOFT CORP 100,489 343,046
    MICROSOFT CORP 30,489 333,629
    NCR CORP 90,228 83,134
    NESTLE A SPONSORED ADR 51,958 135,251
    NESTLE SA 4,533 34,185
    O REILLY AUTOMOTIVE INC 77,032 136,302
    OAKMARK INTL FUND 280,975 368,002
    ORGANON & CO 3,344 6,090
    PFIZER INC 45,008 118,159
    PHILLIP MORRIS INTL 72,579 104,500
    PIMCO FUNDS INCOME FD - PIMIX 95,772 97,332
    PINTEREST INC 31,647 35,914
    PIONEER SERIES TR IV - PMFYX 249,554 251,811
    PROTERRA INC 360,000 524,281
    SALESFORCE.COM, INC 224,709 237,612
    SELECT SECTOR SPDR F ETF 9,056 20,444
    SPDR S&P BIOTECH ETF 14,117 22,392
    SPDR S&P REGIONAL BNKG ETF 21,630 28,340
    STARWOOD PROPERTY TRUST INC 49,378 60,750
    THORNBURG INT'L GROWTH FUND 133,413 162,893
    THORNBURG INVT TR INVT INCOME BUILDER FD CL I 47,278 50,784
    TUTOR PERINI CORP 44,552 39,324
    UNITEDHEALTH GROUP INC 92,995 187,298
    VISA INC 165,298 262,653
    VOLKSWAGEN AG PFD 20,083 26,801
    VORNADO RLTY TRUST 59,120 41,023

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE TREETOPS FOUNDATION
    EIN:
    13-4093466
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BHB GE LLC AT COST 68,445 68,445
    BLACK RIFLE COFFEE CO (BRCC) (AUTHENTIC BRANDS) AT COST 340,151 361,046
    BROADSCALE PT INVESTORS LP AT COST 10,640 3,318
    BROOKDALE GLOBAL OPPORTUNITY FUND AT COST 500,000 789,359
    CHARLES LANE HOLDINGS LLC AT COST 124,249 124,249
    DELOS INVESTMENT FUND LP AT COST 165,949 77,184
    DILATION PARTNERS LP AT COST 873,708 919,988
    L & R EXPLORATION VENTURE AT COST 1,250 1,250
    L ONE CANAL PLACE, LLC AT COST 11,900 8,003
    LAA ASSOCIATES, LLC AT COST 15,438 0
    LAT ASSOCIATES, LLC AT COST 12,774 0
    LHC LIMITED PARTNERSHIP AT COST 3,458 1,804
    LOEB HOLDING CORP A AT COST 54,893 54,893
    LOEB HOLDING CORP B AT COST 384,250 384,250
    MUSE CAPITAL LP AT COST 304,981 288,320
    OVERSEAS ACQUISITION FUND TWO LP AT COST 3,144 374
    RIVER PARTNERE 2006 -- OLIF LLC AT COST 35,066 47,416
    RIVER PARTNERS 2000-4 LLC AT COST 8,561 28,277
    RIVER PARTNERS 2001 -- BBI LLC AT COST 96,828 139,739
    RIVER PARTNERS 2002 -- EDGE LLC AT COST 0 1,385
    RIVER PARTNERS 2002 -- NCH LLC AT COST 20,196 18,601
    RIVER PARTNERS 2003 -- NEA LLC AT COST 39,342 57,908
    RIVER PARTNERS 2004 -- CVL LLC AT COST 18,102 19,876
    RIVER PARTNERS 2005 -- NCH2 LLC AT COST 16,889 25,652
    RIVER PARTNERS 2006 -- LS LLC AT COST 40,690 61,823
    RIVER PARTNERS 2006 -- WRIF LLC AT COST 27,424 42,170
    RIVER PARTNERS 2007 -- AP LLC AT COST 45,775 60,351
    RIVER PARTNERS 2007 -- HPC LLC AT COST 1 27,487
    RIVER PARTNERS 2007 -- TCG LLC AT COST 81,319 90,832
    RIVER PARTNERS 2012-CBX LLC AT COST 21,934 21,934
    TCP VI SOLAR AIV LP AT COST 4,609 4,609
    TENE ART LTD AT COST 11,700 11,700
    TINICUM PARALLEL LP AT COST 1,587,972 1,593,680
    TRILANTIC CAPITAL PARTNERS VI (NORTH AMERICA) LP AT COST 300,256 294,497

    TY 2021 OtherExpensesSchedule
    Name:
    THE TREETOPS FOUNDATION
    EIN:
    13-4093466
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 402 0   402
    FROM K-1 ACTIVITIES - NON-DEDUCTIBLE EXP 781 0   0
    OFFICE EXPENSE 169 0   169
    INVESTMENT INCOME/LOSS FROM PASS-THROUGH ENTITIES 196,435 196,435   0
    FILING FEE 750 0   750


    TY 2021 OtherIncomeSchedule2
    Name:
    THE TREETOPS FOUNDATION
    EIN:
    13-4093466
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INVESTMENT INCOME/LOSS FROM PUBLICLY TRADED ENTITIES 4,396 4,396 4,396
    AMOUNT CLASSIFIED AS UBTI FROM PUBLICLY TRADED ENTITIES   -4,756  
    AMOUNT CLASSIFIED AS UBTI FROM PASS-THROUGH ENTITIES   9,362  


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE TREETOPS FOUNDATION
    EIN:
    13-4093466
    Description Beginning of Year - Book Value End of Year - Book Value
    PRESIDENTIAL ESTATES ASSOCIATES 88,664 86,890
    LA STOUGHTON, LLC 40,117 43,077
    PARK HILL LANE ASSOCIATES LP 37,124 36,499
    BGT INVESTORS LLC 21,032 20,344
    RIVER PARTNERS 2006 -- AF06 LLC 6,575 5,098
    RIVER PARTNERS 2007 -- AF07 LLC 2,795 1,683
    ENERGY TRANSFER LP 1,578 0
    RIVER PARTNERS 2000-3 (HIGHFIELDS) LLC 471 0
    RIVER PARTNERS 2007 -- HPC LLC 174 0
    RIVER PARTNERS 2007-RCG LLC 43 26
    RIVER PARTNERS 2004 -- CCH LLC 22 18
    ACQUISITION FUND FOUR LP 0 35


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE TREETOPS FOUNDATION
    EIN:
    13-4093466
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 66,819 66,819   0
    CONSULTING FEES 120,000 0   120,000


    TY 2021 TaxesSchedule
    Name:
    THE TREETOPS FOUNDATION
    EIN:
    13-4093466
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DAVENPORT & CO LLC - 1415 - FOREIGN TAXES 52 52   0
    FIDELITY- FOREIGN TAXES 2,324 2,324   0
    FROM PASS-THROUGH K-1S & PTPS - FOREIGN TAXES 3,847 3,847   0
    WELLS FARGO- FOREIGN TAXES 985 985   0
    FEDERAL TAX 83,105 0   0
    UBS - FOREIGN TAXES 1,008 1,008   0