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 ATLANTIC FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)14 FAIRGROUNDS ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HAMILTON, NJ08619
A Employer identification number

22-6054882
B Telephone number (see instructions)

(609) 689-1040
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$71,880,730J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 72,319 72,319  
4 Dividends and interest from securities... 979,880 979,880  
5a Gross rents............ 6,960 6,960  
b Net rental income or (loss) 6,960
6a Net gain or (loss) from sale of assets not on line 10 7,527,552
b Gross sales price for all assets on line 6a 40,648,266
7 Capital gain net income (from Part IV, line 2)... 7,527,552
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 1,000,000 1,000,000  
12 Total. Add lines 1 through 11........ 9,586,711 9,586,711  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 45,600 22,800   22,800
14 Other employee salaries and wages...... 765,228 306,091   459,137
15 Pension plans, employee benefits....... 151,506 60,602   90,904
16a Legal fees (attach schedule)......... Click to see attachment 66,505 25,801   40,704
b Accounting fees (attach schedule)....... Click to see attachment 38,000 22,800   15,200
c Other professional fees (attach schedule).... Click to see attachment 41,693 37,762   3,931
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 178,283 178,283    
19 Depreciation (attach schedule) and depletion... Click to see attachment 265,999 133,000  
20 Occupancy.............. 223,351 89,341   134,009
21 Travel, conferences, and meetings....... 8,717 3,487   5,230
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 160,430 81,488   78,942
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,945,312 961,455   850,857
25 Contributions, gifts, grants paid....... 7,227,160 7,227,160
26 Total expenses and disbursements. Add lines 24 and 25 9,172,472 961,455   8,078,017
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 414,239
b Net investment income (if negative, enter -0-) 8,625,256
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............. 1,717,832 1,459,356 1,459,356
2 Savings and temporary cash investments......... 7,855,878 1,619,920 1,619,920
3 Accounts receivable bullet35,038
Less: allowance for doubtful accounts bullet   222,040 35,038 35,038
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) bullet500,000
Less: allowance for doubtful accounts bullet     Click to see attachment500,000 500,000
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)....... 43,667,954 Click to see attachment42,756,026 42,756,026
c Investments—corporate bonds (attach schedule)....... 11,549,751 Click to see attachment14,934,828 14,934,828
11 Investments—land, buildings, and equipment: basis bullet6,097,994
Less: accumulated depreciation (attach schedule) bullet3,885,892 2,344,014 Click to see attachment2,212,102 2,212,102
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,387,140 Click to see attachment6,138,420 6,138,420
14 Land, buildings, and equipment: basis bullet6,156,964
Less: accumulated depreciation (attach schedule) bullet3,939,892 2,349,308 Click to see attachment2,217,072 2,217,072
15 Other assets (describe bullet) Click to see attachment20,251 Click to see attachment7,968 Click to see attachment7,968
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 73,114,168 71,880,730 71,880,730
Liabilities 17 Accounts payable and accrued expenses.......... 489,015 261,660
18 Grants payable.................    
19 Deferred revenue................. 1,000,000  
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 attachment5,257 Click to see attachment38
23 Total liabilities (add lines 17 through 22)......... 1,494,272 261,698
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........... 71,619,896 71,619,032
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)..... 71,619,896 71,619,032
30 Total liabilities and net assets/fund balances (see instructions). 73,114,168 71,880,730
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
71,619,896
2
Enter amount from Part I, line 27a .....................
2
414,239
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
671,280
4
Add lines 1, 2, and 3 ..........................
4
72,705,415
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,086,383
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
71,619,032
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 VANGUARD EMERGING MARKETS STK IDX P   2021-01-13
b VANGUARD EMERGING MARKETS STK IDX P   2021-01-13
c VANGUARD ENERGY INDEX P   2021-01-13
d VANGUARD ENERGY INDEX P   2021-01-13
e VANGUARD EUROPEAN STOCK IDX P   2021-01-13
VANGUARD EUROPEAN STOCK IDX P   2021-01-13
VANGUARD INST INDEX P   2021-01-13
VANGUARD INST INDEX P   2021-01-13
VANGUARD INTER-TERM BOND IDX P   2021-01-13
VANGUARD INTER-TERM BOND IDX P   2021-01-13
VANGUARD PACIFIC STOCK IDX P   2021-01-13
VANGUARD PACIFIC STOCK IDX P   2021-01-13
VANGUARD VALUE INDEX P   2021-01-13
VANGUARD VALUE INDEX P   2021-01-13
ISHARES IBOXX HIGH YIELD P   2021-01-19
ISHARES JPMORGAN USD EMERGING MKTS BOND P   2021-01-19
VANGUARD INTER-TERM INVEST-GR P   2021-12-31
VANGUARD INTER-TERM INVEST-GR P   2021-12-31
VANGUARD INTL GROWTH P   2021-12-31
VANGUARD INTL VALUE P   2021-12-31
VANGUARD LONG-TERM INVEST-GR P   2021-12-31
VANGUARD LONG-TERM INVEST-GR P   2021-12-31
VANGUARD SHORT-TERM INVEST-GR P   2021-12-31
VANGUARD SHORT-TERM INVEST-GR P   2021-12-31
VANGUARD STRATEGIC EQUITY P   2021-12-31
VANGUARD TOTAL INTL STOCK IDX P   2021-12-31
VANGUARD TOTAL INTL STOCK IDX P   2021-12-31
VANGUARD TOTAL BOND MARKET IDX P   2021-12-31
VANGUARD TOTAL BOND MARKET IDX P   2021-12-31
VANGUARD TOTAL STOCK MARKET IDX P   2021-12-31
VANGUARD TOTAL STOCK MARKET IDX P   2021-12-31
VANGUARD US GROWTH P   2021-12-31
VANGUARD WINDSOR II P   2021-12-31
VANGUARD EMERGING MKTS STK IDX P   2021-01-13
VANGUARD EMERGING MKTS STK IDX P   2021-01-13
VANGUARD ENERGY INDEX P   2021-01-13
VANGUARD ENERGY INDEX P   2021-01-13
VANGUARD EUROPEAN STOCK IDX P   2021-01-13
VANGUARD EUROPEAN STOCK IDX P   2021-01-13
VANGUARD INST INDEX P   2021-01-13
VANGUARD INST INDEX P   2021-01-13
VANGUARD PACIFIC STOCK IDX P   2021-01-13
VANGUARD PACIFIC STOCK IDX P   2021-01-13
VANGUARD VALUE INDEX P   2021-01-13
VANGUARD VALUE INDEX P   2021-01-13
VANGUARD INTL GROWTH P   2021-12-31
VANGUARD INTL VALUE P   2021-12-31
VANGUARD SHORT-TERM INVEST-GR P   2021-12-31
VANGUARD SHORT-TERM INVEST-GR P   2021-12-31
VANGUARD STRATEGIC EQUITY P   2021-12-31
VANGUARD TOTAL INTL STOCK IDX P   2021-12-31
VANGUARD TOTAL INTL STOCK IDX P   2021-12-31
VANGUARD TOTAL STOCK MKT IDX P   2021-12-31
VANGUARD TOTAL STOCK MKT IDX P   2021-12-31
VANGUARD US GROWTH P   2021-12-31
VANGUARD WINDSOR II P   2021-12-31
VANGUARD CORE BOND P   2021-12-31
VANGUARD INTER-TERM INVEST-GR P   2021-12-31
VANGUARD INTL GROWTH P   2021-12-31
VANGUARD INTL VALUE P   2021-12-31
VANGUARD LONG-TERM INVEST-GR P   2021-12-31
VANGUARD MID CAP GROWTH P   2021-12-31
VANGUARD MID CAP GROWTH P   2021-12-31
VANGUARD REAL ESTATE INDEX P   2021-12-31
VANGUARD SHORT-TERM INVEST-GR P   2021-12-31
VANGUARD STRATEGIC EQUITY P   2021-12-31
VANGUARD TOTAL INTL BOND IDX P   2021-12-31
VANGUARD TOTAL INTL STOCK IDX P   2021-12-31
VANGUARD TOTAL BOND MARKET IDX P   2021-12-31
VANGUARD TOTAL STOCK MARKET IDX P   2021-12-31
VANGUARD US GROWTH P   2021-12-31
VANGUARD WINDSOR II P   2021-12-31
VANGUARD EMERGING MKTS STK IDX P   2021-01-13
VANGUARD EMERGING MKTS STK IDX P   2021-01-13
VANGUARD ENERGY INDEX P   2021-01-13
VANGUARD ENERGY INDEX P   2021-01-13
VANGUARD EUROPEAN STOCK IDX P   2021-01-13
VANGUARD EUROPEAN STOCK IDX P   2021-01-13
VANGUARD INST INDEX P   2021-01-13
VANGUARD INST INDEX P   2021-01-13
VANGUARD PACIFIC STOCK IDX P   2021-01-13
VANGUARD PACIFIC STOCK IDX P   2021-01-13
VANGUARD VALUE INDEX P   2021-01-13
VANGUARD VALUE INDEX P   2021-01-13
VANGUARD INTER-TERM INVEST-GR P   2021-12-31
VANGUARD INTL GROWTH P   2021-12-31
VANGUARD LONG-TERM INVEST-GR P   2021-12-31
VANGUARD SHORT-TERM INVEST-GR P   2021-12-31
VANGUARD SHORT-TERM INVEST-GR P   2021-12-31
VANGUARD TOTAL INTL STOCK IDX P   2021-12-31
VANGUARD TOTAL INTL STOCK IDX P   2021-12-31
VANGUARD TOTAL BOND MKT IDX P   2021-12-31
VANGUARD TOTAL STOCK MKT IDX P   2021-12-31
VANGUARD TOTAL STOCK MKT IDX P   2021-12-31
VANGUARD US GROWTH P   2021-12-31
VANGUARD WINDSOR II P   2021-12-31
VANGUARD EMERGING MKTS STK IDX P   2021-01-13
VANGUARD EMERGING MKTS STK IDX P   2021-01-13
VANGUARD ENERGY INDEX P   2021-01-13
VANGUARD ENERGY INDEX P   2021-01-13
VANGUARD EUROPEAN STOCK IDX P   2021-01-13
VANGUARD EUROPEAN STOCK IDX P   2021-01-13
VANGUARD INST INDEX P   2021-01-13
VANGUARD INST INDEX P   2021-01-13
VANGUARD PACIFIC STOCK IDX P   2021-01-13
VANGUARD PACIFIC STOCK IDX P   2021-01-13
VANGUARD VALUE INDEX P   2021-01-13
VANGUARD VALUE INDEX P   2021-01-13
VANGUARD INTER-TERM INVEST-GR P   2021-12-31
VANGUARD INTERNATIONAL GROWTH P   2021-12-31
VANGUARD INTL VALUE P   2021-12-31
VANGUARD LONG-TERM INVEST-GR P   2021-12-31
VANGUARD SHORT-TERM INVEST-GR P   2021-12-31
VANGUARD SHORT-TERM INVEST-GR P   2021-12-31
VANGUARD STRATEGIC EQUITY P   2021-12-31
VANGUARD TOTAL INTL STK IDX P   2021-12-31
VANGUARD TOTAL INTL STK IDX P   2021-12-31
VANGUARD TOTAL BOND MKT IDX P   2021-12-31
VANGUARD TOTAL STOCK MKT IDX P   2021-12-31
VANGUARD TOTAL STOCK MKT IDX P   2021-12-31
VANGUARD US GROWTH P   2021-12-31
VANGUARD WINDSOR II P   2021-12-31
BERNSTEIN INTER-DURATION BOND P   2021-12-31
ALLIANCE BERNSTEIN GLOBAL CORE EQUITY P   2021-12-31
ALLIANCE BERNSTEIN SUST-INTL THEMATIC P   2021-12-31
ALLIANCE BERNSTEIN RESPONSIBLE EQUITIES P   2021-12-31
BERNSTEIN INTER-DURATION BOND P   2021-12-31
ALLIANCE BERNSTEIN GLOBAL BOND P   2021-12-31
ALLIANCE BERNSTEIN GLOBAL CORE EQUITY P   2021-12-31
ALLIANCE BERNSTEIN SUST INTL THEMATIC P   2021-12-31
ALLIANCE BERNSTEIN RESPONSIBLE EQUITIES P   2021-12-31
BERNSTEIN INTER- DURATION BONDS P   2021-12-31
ALLIANCE BERNSTEIN GLOBAL CORE EQUITIES P   2021-12-31
ALLIANCE BERNSTEIN RESPONSIBLE EQUITIES P   2021-12-31
BERNSTEIN INTER-DURATION BONDS P   2021-12-31
ALLIANCE BERNSTEIN GLOBAL CORE EQUITY P   2021-12-31
ALLIANCE BERNSTEIN RESPONSIBLE EQUITIES P   2021-12-31
ALLIANCE BERNSTEIN RESPONSIBLE EQUITIES P   2021-12-31
ALLIANCE BERNSTEIN RESPONSIBLE EQUITIES P   2021-12-31
(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 21,879   16,964 4,915
b 789,453   612,098 177,355
c 11,663   21,861 -10,198
d 169,470   317,641 -148,171
e 20,166   18,731 1,435
510,647   474,318 36,329
67,383   35,928 31,455
483,204   257,639 225,565
23,653   21,060 2,593
518,462   461,605 56,857
11,512   8,593 2,919
491,673   367,002 124,671
96,290   62,141 34,149
1,969,337   1,270,908 698,429
381,499   379,986 1,513
372,751   379,940 -7,189
12,334   12,697 -363
124,622   130,834 -6,212
112,056   103,625 8,431
99,731   97,611 2,120
3,921   4,272 -351
139,781   150,607 -10,826
5,394   5,392 2
251,592   255,585 -3,993
85,642   79,201 6,441
1,090,639   910,634 180,005
226,226   182,380 43,846
46,420   47,517 -1,097
584,105   604,946 -20,841
1,633,038   1,339,504 293,534
511,696   373,658 138,038
204,715   177,135 27,580
186,211   168,534 17,677
17,934   13,139 4,795
647,131   474,104 173,027
28,604   52,734 -24,130
415,615   766,226 -350,611
17,620   15,985 1,635
446,171   404,786 41,385
22,647   11,843 10,804
411,759   215,319 196,440
8,096   5,837 2,259
345,768   249,290 96,478
125,824   86,180 39,644
2,573,374   1,762,559 810,815
53,111   50,791 2,320
25,707   25,354 353
7,532   7,530 2
2,410   2,431 -21
33,397   31,136 2,261
1,584,067   1,322,302 261,765
91,122   75,000 16,122
2,377,952   1,950,757 427,195
282,035   211,016 71,019
121,932   108,035 13,897
92,696   84,742 7,954
227,046   220,098 6,948
252,723   252,537 186
215,214   98,089 117,125
234,505   192,940 41,565
107,754   105,480 2,274
128,521   91,855 36,666
647,030   465,678 181,352
50,618   42,885 7,733
93,925   93,412 513
143,860   116,940 26,920
217,086   212,940 4,146
289,044   226,935 62,109
218,195   215,509 2,686
464,542   254,788 209,754
115,902   71,812 44,090
341,032   311,388 29,644
9,075   6,649 2,426
327,456   239,902 87,554
11,870   21,884 -10,014
172,479   317,982 -145,503
7,111   6,451 660
180,055   163,354 16,701
17,012   8,896 8,116
309,301   161,741 147,560
6,273   4,523 1,750
267,909   193,156 74,753
51,356   35,175 16,181
1,050,340   719,400 330,940
72,878   76,957 -4,079
7,370   7,048 322
24,721   26,822 -2,101
4,106   4,105 1
56,492   57,413 -921
863,744   721,003 142,741
6,512   5,360 1,152
97,219   101,136 -3,917
1,296,997   1,064,004 232,993
51,172   38,286 12,886
25,435   22,536 2,899
9,512   8,696 816
1,008   739 269
36,384   26,656 9,728
1,319   2,432 -1,113
19,164   35,331 -16,167
790   717 73
20,006   18,151 1,855
1,890   988 902
34,367   17,972 16,395
696   502 194
29,724   21,430 8,294
5,706   3,908 1,798
116,704   79,933 36,771
7,962   8,408 -446
2,270   2,171 99
590   581 9
2,651   2,875 -224
462   461 1
7,151   7,266 -115
953   889 64
96,999   80,972 16,027
3,614   2,975 639
12,383   12,869 -486
145,928   119,715 26,213
11,803   8,831 2,972
5,279   4,677 602
3,491   3,191 300
1,215,170   1,245,870 -30,700
129,440   110,077 19,363
29,295   26,650 2,645
1,492,854   1,316,349 176,505
1,389,100   1,422,920 -33,820
41,735   42,323 -588
223,110   195,963 27,147
81,015   78,540 2,475
1,505,517   1,359,088 146,429
880,612   902,859 -22,247
44,630   39,200 5,430
884,018   796,671 87,347
97,183   99,635 -2,452
27,800   25,460 2,340
108,108   97,785 10,323
652,720   633,276 19,444
12     12
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       4,915
b       177,355
c       -10,198
d       -148,171
e       1,435
      36,329
      31,455
      225,565
      2,593
      56,857
      2,919
      124,671
      34,149
      698,429
      1,513
      -7,189
      -363
      -6,212
      8,431
      2,120
      -351
      -10,826
      2
      -3,993
      6,441
      180,005
      43,846
      -1,097
      -20,841
      293,534
      138,038
      27,580
      17,677
      4,795
      173,027
      -24,130
      -350,611
      1,635
      41,385
      10,804
      196,440
      2,259
      96,478
      39,644
      810,815
      2,320
      353
      2
      -21
      2,261
      261,765
      16,122
      427,195
      71,019
      13,897
      7,954
      6,948
      186
      117,125
      41,565
      2,274
      36,666
      181,352
      7,733
      513
      26,920
      4,146
      62,109
      2,686
      209,754
      44,090
      29,644
      2,426
      87,554
      -10,014
      -145,503
      660
      16,701
      8,116
      147,560
      1,750
      74,753
      16,181
      330,940
      -4,079
      322
      -2,101
      1
      -921
      142,741
      1,152
      -3,917
      232,993
      12,886
      2,899
      816
      269
      9,728
      -1,113
      -16,167
      73
      1,855
      902
      16,395
      194
      8,294
      1,798
      36,771
      -446
      99
      9
      -224
      1
      -115
      64
      16,027
      639
      -486
      26,213
      2,972
      602
      300
      -30,700
      19,363
      2,645
      176,505
      -33,820
      -588
      27,147
      2,475
      146,429
      -22,247
      5,430
      87,347
      -2,452
      2,340
      10,323
      19,444
      12
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 7,527,552
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 3 322,767
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........................... 3 119,891
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- ..... 5 119,891
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 100,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 100000 7 100,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 19,891
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNJ
    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 ofbulletATLANTIC FOUNDATION Telephone no.bullet (609) 689-1040

    Located atbullet14 FAIRGROUNS ROADHAMILTONNJ ZIP+4bullet08619
    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)
    Yes
     
    (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
     
    No
    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
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    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
    JOHN S JOHNSON III CEO
    025.00     		8,600    
    14 FAIRGROUNDS ROAD
    HAMILTON,NJ08619
    MICHAEL GREENLEAF TREASURER
    025.00     		37,000    
    14 FAIRGROUNDS ROAD
    HAMILTON,NJ08619
    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
    MICHAEL UNGER CHIEF ADMINITRATIVE
    040.00     		305,589 21,391  
    14 FAIRGROUNDS RD
    HAMILTON,NJ08619
    CRAIG INGWER CHIEF FINANCIAL OFFI
    040.00     		193,546 13,548  
    14 FAIRGROUNDS RD
    HAMILTON,NJ08619
    BRUCE DANIELS DIRECTOR OF FACILITI
    040.00     		123,806 8,666  
    14 FAIRGROUNDS RD
    HAMILTON,NJ08619
    EMMA CANARICK DIRECTOR OF CAPACITY
    040.00     		100,983 7,069  
    14 FAIRGROUNDS RD
    HAMILTON,NJ08619
    SUZANNE BRUNNENGRABER HR DIRECTOR
    040.00     		98,402 6,888  
    14 FAIRGROUNDS RD
    HAMILTON,NJ08619
    Total number of other employees paid over $50,000...................bullet 2
    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
    PATTERSON BELKNAP WEBB TYLER LEGAL 55,614
    1133 AVENUE OF THE AMERICAS
    NEW YORK,NY10036
    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 Support of Grounds For Sculpture relating top the operations of a sculpture park open to the public. Activities include public tours, membership and admissions programs, various sculpture related events, childrens' programs, artists' lectures and viewing of artwork. 103,154
    2 Support of The Seward Johnson Atelier, a nonprofit organization formed for the purpose of enhancing public awareness pertaining to the appreciation of sculpture through the production of several exhibitions throughout the world and the acquisition of sculpture to display and educate the general puvblic in the arts. 270,753
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    66,633,475
    b
    Average of monthly cash balances.......................
    1b
    1,332,568
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    67,966,043
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    67,966,043
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,019,491
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    66,946,552
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,347,328
    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
    3,347,328
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    119,891
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    119,891
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,227,437
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,227,437
    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
    3,227,437
    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 3,227,437
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 7,557,206
    b From 2017...... 5,193,195
    c From 2018...... 3,016,314
    d From 2019...... 3,123,460
    e From 2020...... 12,176,340
    f Total of lines 3a through e ........ 31,066,515
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 8,078,942
    a Applied to 2020, but not more than line 2a  
    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..... 3,227,437
    e Remaining amount distributed out of corpus 4,851,505
    5 Excess distributions carryover applied to 2021.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 35,918,020
    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 ..........     		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) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		7,557,206
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		28,360,814
    10 Analysis of line 9:
    a Excess from 2017.... 5,193,195
    b Excess from 2018.... 3,016,314
    c Excess from 2019.... 3,123,460
    d Excess from 2020.... 12,176,340
    e Excess from 2021.... 4,851,505
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    HARMONY INSTITUTE
    311 WEST 43RD STREET 12TH FLOOR
    NEW YORK,NY10036     		  PC GENERAL OPERATING SUPPORT 1,798,250
    IMPACT ASSETS
    7615 WISCONSIN AVENUE SUITE 100W
    BETHESDA,MD20814     		  PC GENERAL OPERATING SUPPORT 201,750
    EYEBEAM ATELIER
    34 35TH STTREET 5TH FLOOR
    NEW YORK,NY10032     		  PC GENERAL OPERATING SUPPORT 550,000
    THE SEWARD JOHNSON ATELIER
    14 FAIRGROUNDS ROAD
    HAMILTON,NJ08619     		  POF GENERAL OPERATING SUPPORT 2,825,000
    GROUNDS FOR SCULPTURE
    80 SCULPTORS WAY
    HAMILTON,NJ08619     		  PC GENERAL OPERATING SUPPORT 1,071,525
    AMIGOS OF COSTA RICA INC
    210 L STREET NW SUITE 800
    WASHINGTON,DC20037     		  PC GENERAL OPERATING SUPPORT 187,000
    SCREENWRITERS COLONY
    29 GREENE STREET
    NEW YORK,NY10013     		  PC GENERAL OPERATING SUPPORT 112,000
    ALMANACK ARTS COLONY
    25 ALMANAC POND ROAD
    NANTUCKET,MA02554     		  PC GENERAL OPERATING SUPPORT 100,000
    CENTRO LATINOAMERICANO DE INVESTIGACION
    DEL COLONO 250 MTS ESTE
    GUANACASTE   50201
    CS     		  PC GENERAL OPERATING SUPPORT 100,000
    SHAMBALA USA
    30 CHURCH STREET
    BARNET,VT05821     		  PC GENERAL OPERATING SUPPORT 90,000
    NANTUCKET DREAMLAND FOUNDATION
    PO BOX 989
    NANTUCKET,MA02554     		  PC GENERAL OPERATING SUPPORT 100,000
    NANTUCKET COLLEGE HOSPITAL
    57 PROSPECT STREET
    NANTUCKET,MA02554     		  PC GENERAL OPERATING SUPPORT 50,000
    COOKE SCHOOL AND INSTITUTE
    1713 MADISON AVENUE
    NEW YORK,NY10029     		  PC SUPPORT ANNUAL BENEFIT 25,000
    COUNCIL OF NEW JERSEY GRANTMAKERS
    111 WEST STATE STREET
    TRENTON,NJ08608     		  PC GENERAL OPERATING SUPPORT 6,635
    HAMILTON AREA YMCA
    1315 WHITEHORSE MERCERVILLE ROAD
    HAMILTON,NJ08619     		  PC GENERAL OPERATING SUPPORT 5,000
    STOUTSBURG SOURLAND AFRICAN AMERICAN MUSEUM
    189 HOLLOW ROAD
    SKILLMAN,NJ08558     		  PC GENERAL OPERATING SUPPORT 5,000
    Total .................................bullet 3a 7,227,160
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 72,319  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 6,960  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		         
    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) ..   1,059,159  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,059,159
    (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: 21013554
    Software Version: 21.0.5.0
    Part VI Line 7 - Tax Paid with the Original Return: 100,000


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MATTHEWS CO 38,000 22,800   15,200

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

    TY 2021 DepreciationSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    SEE ATTACHED   12,253,112 7,559,780     265,999 133,000    

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    THE SEWARD JOHNSON ATELIER
          		14 FAIRGROUNDS ROAD
    HAMILTON,NJ08619     		2020-01-02 2,825,000 GENERAL OPERATING SUPPORT 2,825,000   031522    

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    VANGUARD SHORT TERM BOND FUND 1,959,229 1,959,229
    VANGUARD INTERMEDIATE TERM BOND FUND 902,054 902,054
    VANGUARD TOTAL BOND MARKET 2,987,337 2,987,337
    VANGUARD TOTAL INTERNATIONAL BOND FUND 510,564 510,564
    VANGUARD CORE BOND FUND 639,763 639,763
    VANGUARD LONG TERM BOND FUND 856,283 856,283
    BERNSTEIN INTERMEDIATE DURATION PORTFOLIO 3,566,022 3,566,022
    AB GLOBAL BOND FUND 3,513,576 3,513,576

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    VANGUARD US GROWTH FUND 3,619,018 3,619,018
    VANGUARD WINDSOR II FUND 3,759,930 3,759,930
    VANGUARD STRATEGIC EQUITY FUND 1,857,050 1,857,050
    VANGUARD TOTAL STOCK MARKET INDEX 9,578,247 9,578,247
    VANGUARD REIT INDEX 1,307,997 1,307,997
    VANGUARD TOTAL INTERNATIONAL STOCK INDEX 5,583,828 5,583,828
    VANGUARD INTERNATIONAL GROWTH FUND 2,669,630 2,669,630
    VANGUARD INTERNATIONAL VALUE FUND 2,718,893 2,718,893
    AB GLOBAL CORE EQUITY PORTFOLIO 3,341,235 3,341,235
    AB SUSTAINABLE INTL THEMATIC FUND 2,802,174 2,802,174
    AB RESPONSIBLE US EQUITIES 5,518,024 5,518,024

    TY 2021 InvestmentsLandSchedule2
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    SEE ATTACHED SCHEDULE 6,097,994 3,885,892 2,212,102 2,212,102

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LAAB OFFSHORE FUND FMV 4,058,420 4,058,420
    INVESTORS DIVERSIFIED REALTY FMV 2,080,000 2,080,000

    TY 2021 LandEtcSchedule2
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    SEE ATTACHED SCHEDULE 6,156,964 3,939,892 2,217,072 2,217,072


    TY 2021 LegalFeesSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PATTERSON BELKNAP WEBB TYLER 55,614 22,245   33,369
    MORGAN LEWIS BOCKIUS LLP 8,891 3,556   5,335
    POWLEY GIBSON pc 2,000     2,000


    TY 2021 OtherAssetsSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID EXPENSES 9,960 6,640 6,640
    CANVASSES 1,328 1,328 1,328
    PREPAID EXCISE TAXES 8,963    


    TY 2021 OtherDecreasesSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 1,076,383
    PRIOR PERIOD ADJUSTMENT 10,000


    TY 2021 OtherExpensesSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 2,445 2,445    
    COMPUTER NETWORK 102,598 51,299   51,299
    OFFICE EXPENSE 4,564 2,282   2,282
    BOOKS, DUES SUBSCRIPTIONS 16,600 8,300   8,300
    CYBER INSURANCE 1,436 718   718
    DO INSURANCE 16,444 8,222   8,222
    WORKERS COMPENSATION INSURANCE 3,752 1,876   1,876
    AUTO EXPENSE 6,747 3,374   3,373
    EDUCATION SEMINARS 5,744 2,872   2,872
    FILING FEES 100 100    


    TY 2021 OtherIncomeSchedule2
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GAIN ON SALE OF BUILDING- DEFERRED PORTION 1,000,000 1,000,000  


    TY 2021 OtherIncreasesSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Description Amount
    EQUITY INCOME OF SUBSIDIARY 671,280


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL LIABILITIES 5,257 38


    TY 2021 OtherNotesLoansRcvblShortSch2
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Name of 501(c)(3) Organization Balance Due
    GROUNDS FOR SCULPTURE
          		500,000


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 36,341 36,341    
    MATTHEWS CO 1,200 720   480
    PRIMEPOINT 1,752 701   1,051
    PHILLIP ORR 1,200     1,200
    ADAM WEITZ EVENTS 1,200     1,200


    TY 2021 TaxesSchedule
    Name:
    THE ATLANTIC FOUNDATION
    EIN:
    22-6054882
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 177,432 177,432    
    FOREIGN TAX 851 851