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 SEALARK FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)CO ROPES GRAY LLP 800 BOYLSTON S
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA021993600
A Employer identification number

13-3747240
B Telephone number (see instructions)

(617) 951-7000
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$139,196,162J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,211,598 2,211,598  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 10,638,461
b Gross sales price for all assets on line 6a 37,116,575
7 Capital gain net income (from Part IV, line 2)... 10,638,461
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).......      
12 Total. Add lines 1 through 11........ 12,850,059 12,850,059  
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 30,608 15,304   15,304
c Other professional fees (attach schedule).... Click to see attachment 683,969 583,969   100,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,650 1,650   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 200 0   200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 721,427 600,923   115,504
25 Contributions, gifts, grants paid....... 6,660,000 6,660,000
26 Total expenses and disbursements. Add lines 24 and 25 7,381,427 600,923   6,775,504
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,468,632
b Net investment income (if negative, enter -0-) 12,249,136
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............. 423,602 254,226 254,226
2 Savings and temporary cash investments......... 2,784,380 2,381,236 2,381,236
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 10,121,065 Click to see attachment10,324,203 10,346,567
b Investments—corporate stock (attach schedule)....... 6,102,292 Click to see attachment5,787,958 11,018,614
c Investments—corporate bonds (attach schedule)....... 12,162,966 Click to see attachment14,956,332 15,007,152
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans............. 3,960,952 142,291 143,037
13 Investments—other (attach schedule).......... 66,069,714 Click to see attachment72,821,296 100,045,330
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) 101,624,971 106,667,542 139,196,162
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
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........ 101,624,971 106,667,542
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 101,624,971 106,667,542
30 Total liabilities and net assets/fund balances (see instructions). 101,624,971 106,667,542
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
101,624,971
2
Enter amount from Part I, line 27a .....................
2
5,468,632
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
107,093,603
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
426,061
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
106,667,542
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 PUBLICLY TRADED SECURITIES BESSEMER TR A/C P    
b PUBLICLY TRADED SECURITIES ROPES & GRAY FIDUCIARY A/C P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 13,196,432   11,858,001 1,338,431
b 19,061,130   14,620,113 4,441,017
c 4,859,013     4,859,013
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,338,431
b       4,441,017
c       4,859,013
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 10,638,461
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........................... 3 170,263
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- ..... 5 170,263
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 97,739
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 150,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 247,739
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 77,476
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet77,476 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE
    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 ofbulletROPES GRAY LLP Telephone no.bullet (617) 951-7000

    Located atbullet800 BOYLSTON STREETBOSTONMA ZIP+4bullet021993600
    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
    JAMES M CLARK JR PRESIDENT
    2.00     		0 0 0
    C/O ROPES GRAY 800 BOYLSTON STREET
    BOSTON,MA021993600
    KATHY M CLARK VICE PRESIDENT
    2.00     		0 0 0
    C/O ROPES GRAY 800 BOYLSTON STREET
    BOSTON,MA021993600
    JAMES RACKLER TREASURER, SECRETARY
    2.00     		0 0 0
    C/O ROPES GRAY 800 BOYLSTON STREET
    BOSTON,MA021993600
    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
    ROPES & GRAY LLP INVESTMENT MANAGEMENT AND TAX PREP 471,286
    800 BOYLSTON ST
    BOSTON,MA02199
    BESSEMER TRUST INVESTMENT MANAGEMENT 105,609
    1002 SEMONTEREY COMMONS
    STUART,FL34996
    ELM RIDGE EXPLORATION CO GRANTMAKING AND ADVISORY SERVICES 100,000
    12225 GREENVILLE AVE STE 950
    DALLAS,TX75243
    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
    135,618,045
    b
    Average of monthly cash balances.......................
    1b
    3,013,723
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    138,631,768
    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
    138,631,768
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,079,477
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    136,552,291
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    6,827,615
    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
    6,827,615
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    170,263
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    170,263
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,657,352
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,657,352
    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
    6,657,352
    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 6,657,352
    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...... 261,317
    b From 2017...... 62,313
    c From 2018......  
    d From 2019...... 361,251
    e From 2020......  
    f Total of lines 3a through e ........ 684,881
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 6,775,504
    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)........     		Click to see attachment0
    d Applied to 2021 distributable amount..... 6,657,352
    e Remaining amount distributed out of corpus 118,152
    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 5 803,033
    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) ...     		261,317
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		541,716
    10 Analysis of line 9:
    a Excess from 2017.... 62,313
    b Excess from 2018....  
    c Excess from 2019.... 361,251
    d Excess from 2020....  
    e Excess from 2021.... 118,152
    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).)
    JAMES M CLARK JR
    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
    BACHMAN LAKE TOGETHER
    9507 OVERLAKE DRIVE
    DALLAS,TX75220     		  PF GENERAL OPERATING FUND SUPPORT 50,000
    BARD COLLEGE AT SIMON'S ROCK
    84 ALFORD RD
    GREAT BARRINGTON,MA01230     		  PC GENERAL OPERATING FUND SUPPORT 2,000,000
    BARD COLLEGE AT SIMON'S ROCK
    84 ALFORD ROAD
    GREAT BARRINGTON,MA01230     		  PC 2020-21 ANNUAL FUND 500,000
    BARD COLLEGE AT SIMON'S ROCK
    84 ALFORD ROAD
    GREAT BARRINGTON,MA01230     		  PC 2020-21 ANNUAL FUND 500,000
    BARD COLLEGE AT SIMON'S ROCK
    84 ALFORD ROAD
    GREAT BARRINGTON,MA01230     		  PC GENERAL OPERATING FUND SUPPORT 500,000
    BAYLOR SCOTT & WHITE FOUNDATION
    3600 GASTON AVE SUITE 100
    DALLAS,TX75246     		  PC GENERAL OPERATING FUND SUPPORT 25,000
    BAYLOR SCOTT & WHITE FOUNDATION
    3600 GASTON AVE SUITE 100
    DALLAS,TX75246     		  PC GENERAL OPERATING FUND SUPPORT 25,000
    BROTHER BILL'S
    3906 N WESTMORELAND RD
    DALLAS,TX75212     		  PC GENERAL OPERATING FUND SUPPORT 10,000
    CAPE COD COMMUNITY COLLEGE ED FOUNDATION
    2240 LYANNOUGH RD
    BARNSTABLE,MA02668     		  PC GENERAL OPERATING FUND SUPPORT 250,000
    CAPE COD HEALTH CARE
    32 MAIN STREET
    HYANNIS,MA02601     		  PC GENERAL OPERATING FUND SUPPORT 25,000
    CATHOLIC CHARITIES
    1421 W MOCKINGBRID LN
    DALLAS,TX75247     		  PC GENERAL OPERATING FUND SUPPORT 10,000
    CHILDCAREGROUP
    DEVELOPMENT OFFICE 1420 WEST
    MOCKINGBIRD LANE SUITE 300
    DALLAS,TX75247     		  PC GENERAL OPERATING FUND SUPPORT 100,000
    COMMIT PARTNERSHIP
    3800 MAPLE AVE STE 800
    DALLAS,TX75219     		  PC GENERAL OPERATING FUND SUPPORT 200,000
    COMMIT2DALLAS
    3800 MAPLE AVE STE 800
    DALLAS,TX75219     		  PC GENERAL OPERATING FUND SUPPORT 100,000
    COMMUNITIES FOUNDATION OF TEXAS - EDUCATE TX
    5500 CARUTH HAVE LN
    DALLAS,TX75225     		  PC GENERAL OPERATING FUND SUPPORT 250,000
    DALLAS CASA
    DEVELOPMENT OFFICE 2757 SWISS AVE
    DALLAS,TX75204     		  PC GENERAL OPERATING FUND SUPPORT 25,000
    DALLAS EDUCATION FOUNDATION
    9400 NORTH CENTRAL EEXPRESWAY STE
    13110 MAILBOX 19
    DALLAS,TX75231     		  PC GENERAL OPERATING FUND SUPPORT 25,000
    FALMOUTH SERVICE CENTER
    PO BOX 208
    FALMOUTH,MA02541     		  PC GENERAL OPERATING FUND SUPPORT 10,000
    FOR OAK CLIFF
    907 E LEDBETTER ST
    DALLAS,TX75216     		  PC GENERAL OPERATING FUND SUPPORT 580,000
    HIGHFIELD HALL & GARDENS
    DEVELOPMENT OFFICE PO BOX 464
    FALMOUTH,MA02541     		  PC GENERAL OPERATING FUND SUPPORT 250,000
    MINNIE'S FOOD PANTRY
    661 18TH ST
    PLANO,TX75074     		  PC GENERAL OPERATING FUND SUPPORT 10,000
    NORTH TEXAS FOOD BANK
    3677 MAPLESHADE LANE
    PLANO,TX75075     		  PC GENERAL OPERATING FUND SUPPORT 25,000
    NORTH TEXAS FOOD BANK
    3677 MAPLESHADE LANE
    PLANO,TX75075     		  PC GENERAL OPERATING FUND SUPPORT 25,000
    OUTWARD BOUND
    PO BOX 69316
    BALTIMORE,MD21264     		  PC GENERAL OPERATING FUND SUPPORT 25,000
    PEROT MUSEUM OF NATURE AND SCIENCE
    DEVELOPMENT OFFICE 2201 N FILED
    STREET
    DALLAS,TX75201     		  PC GENERAL OPERATING FUND SUPPORT 25,000
    SCHOLARSHOTS
    2904 SWISS AVENUE
    DALLAS,TX75204     		  PC SCHOLARSHIP 75,000
    SCOTTISH RITE FOR CHILDREN
    DEVELOPMENT OFFICE 2222 WELBORN
    STREET
    DALLAS,MA75219     		  PC GENERAL OPERATING FUND SUPPORT 25,000
    THE FAMILY PLACE
    PO BOX 7999
    DALLAS,TX75209     		  PC GENERAL OPERATING FUND SUPPORT 15,000
    WOODS HOLE OCEANOGRAPHIC
    DEVELOPMENT OFFICE 266 WOODS HOLE
    RD
    WOODS HOLE,MA02543     		  PC GENERAL OPERATING FUND SUPPORT 1,000,000
    Total .................................bullet 3a 6,660,000
    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 10,638,461  
    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 12,850,059 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    12,850,059
    (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 SEALARK FOUNDATION INC
    EIN:
    13-3747240
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ROPES & GRAY LLP TAX PREPARATION FEES 30,608 15,304   15,304

    TY 2021 DistributionFromCorpusElection
    Name:
    THE SEALARK FOUNDATION INC
    EIN:
    13-3747240
    Election:
    PART XIII, UNDISTRIBUTED INCOME, LINE 4CELECTION UNDER IRC REG. SEC. 53-4942(A)-3(D)(2)PURSUANT TO IRC SECTION 4942 (H)(2) AND REGULATION 53.4942(A)-3(D)(2), THE SEALARK FOUNDATION, INC. HEREBY ELECTS TO TREAT CURRENT YEAR'S QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF CORPUS. SIGNATURE: ____________________________________________ NAME: ____________________________________________

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    THE SEALARK FOUNDATION INC
    EIN:
    13-3747240
    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
    BACHMAN LAKE TOGETHER
          		9507 OVERLAKE DRIVE
    DALLAS,TX75220     		2021-12-16 50,000 SUPPORT FOR THE BACHMAN LAKE COMMUNITY TO FULLY PREPARE CHILDREN FOR KINDERGARTENTO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED FROM THE ORIGINAL PURPOSE OF THE GRANT 50,000   DECEMBER 31, 2021   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE: THEREFORE IT HAS NOT CONDUCTED ANY INDEPENDENT VERFICATION OF THE REPORTS.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE SEALARK FOUNDATION INC
    EIN:
    13-3747240
    Name of Bond End of Year Book Value End of Year Fair Market Value
    95000 ORACLE CORP SR GLBL NT 2.500% DUE 05/15/2022 BAA2/BBB+ 95,225 95,375
    120000 AMERICAN HONDA FINANCE 1.950% DUE 05/20/2022 A3/A- 119,959 120,717
    120000 JABIL INC 4.700% DUE 09/15/2022 BAA3/BBB- 124,337 123,172
    125000 FLORIDA POWER & LIGHT CO 2.750% DUE 06/01/2023 AA2/A+ 125,969 127,390
    65000 CIGNA CORP 3.750% DUE 07/15/2023 BAA1/A- 68,663 67,653
    52000 GOLDMAN SACHS GRP INC FRN 1.123% DUE 07/24/2023 A2/BBB+ 52,000 52,169
    175000 AMERICAN EXPRESS CO 3.700% DUE 08/03/2023 A3/BBB+ 177,313 182,432
    120000 SAN DIEGO G & E 3.600% DUE 09/01/2023 A1/A 126,001 124,374
    110000 HCA INC 5.000% DUE 03/15/2024 BAA3/BBB- 117,555 118,338
    130000 VALERO ENERGY CORP 1.200% DUE 03/15/2024 BAA2/BBB 130,297 129,867
    130000 APPLE INC 3.450% DUE 05/06/2024 AAA/AA+ 128,874 137,501
    105000 PARKER-HANNIFIN CORP 2.700% DUE 06/14/2024 BAA1/BBB+ 104,951 108,506
    115000 AIR LEASE CORP 0.800% DUE 08/18/2024 /BBB 114,305 112,713
    115000 CAPITAL ONE FINANCIAL CO 1.343% DUE 12/06/2024 BAA1/BBB 115,000 115,723
    110000 BROADCOM INC 4.700% DUE 04/15/2025 BAA3/BBB- 122,954 120,296
    110000 ABBVIE INC 3.600% DUE 05/14/2025 BAA2/BBB+ 119,517 116,899
    110000 GENERAL DYNAMICS CORP 3.500% DUE 05/15/2025 A3/A- 114,920 117,721
    115000 MCDONALD'S CORP 3.300% DUE 07/01/2025 BAA1/BBB+ 125,865 122,054
    130000 CHEVRON USA INC 0.687% DUE 08/12/2025 AA2/AA- 129,079 127,409
    49000 HP ENTERPRISE CO 4.900% DUE 10/15/2025 BAA2/BBB 55,341 54,377
    115000 DUPONT DE NEMOURS INC 4.493% DUE 11/15/2025 BAA1/BBB+ 129,087 127,070
    130000 PIONEER NATURAL RESOURCE 1.125% DUE 01/15/2026 BAA2/BBB 130,537 126,447
    115000 BANK OF AMERICA CORP 3.366% DUE 01/23/2026 A2/A- 119,995 121,059
    80000 HP ENTERPRISE CO 1.750% DUE 04/01/2026 BAA2/BBB 80,051 80,011
    110000 LOWE'S COS INC 2.500% DUE 04/15/2026 BAA1/BBB+ 108,112 114,583
    115000 MORGAN STANLEY 2.188% DUE 04/28/2026 A1/BBB+ 115,000 117,247
    117000 COMCAST CORP 2.350% DUE 01/15/2027 A3/A- 124,659 120,989
    125000 VISA INC 1.900% DUE 04/15/2027 AA3/AA- 129,920 127,041
    110000 SOUTHWEST AIRLINES CO 5.125% DUE 06/15/2027 BAA1/BBB 126,383 125,904
    130000 KIMBERLY-CLARK CORP 1.050% DUE 09/15/2027 A2/A 130,379 126,004
    115000 ANTHEM INC 3.650% DUE 12/01/2027 BAA2/A 122,638 126,220
    130000 WASTE MANAGEMENT INC 1.150% DUE 03/15/2028 BAA1/A- 129,672 123,956
    55000 AMAZON.COM INC 1.650% DUE 05/12/2028 A1/AA 54,989 54,957
    110000 UNION PACIFIC CORP 3.950% DUE 09/10/2028 BAA1/A- 128,664 123,479
    110000 PUBLIC STORAGE 1.950% DUE 11/09/2028 A2/A 110,274 109,827
    27000 JPMORGAN CHASE & CO 2.069% DUE 06/01/2029 A2/A- 27,252 26,774
    27000 JPMORGAN CHASE & CO 4.203% DUE 07/23/2029 A2/A- 27,034 30,154
    115000 CONSTELLATION BRANDS INC 3.150% DUE 08/01/2029 BAA3/BBB 125,794 121,150
    120000 ROPER TECHNOLOGIES INC 2.950% DUE 09/15/2029 BAA2/BBB+ 130,309 124,310
    100000 GENERAL DYNAMICS CORP 3.625% DUE 04/01/2030 A3/A- 114,119 111,264
    120000 ESTEE LAUDER CO INC 2.600% DUE 04/15/2030 A1/A+ 130,535 124,403
    125000 MERCK & CO INC 1.450% DUE 06/24/2030 A1/A+ 123,926 119,568
    123000 VERIZON COMMUNICATIONS 1.750% DUE 01/20/2031 BAA1/BBB+ 124,369 116,417
    80,000 MAGNA INTERNATIONAL INC 3.625% DUE 06/15/2024 A3/A- 82,144 84,254
    136000 SUMITOMO MITSUI FINL GRP 2.632% DUE 07/14/2026 A1/A- 136,107 141,037
    95000 BOEING CO NOTE CALL MAKE WHOLE 2.60000% 10/30/2025 (CALL DATE 07/30/25 95,709 97,640
    183000 BOEING CO NOTE CALL MAKE WHOLE 2.19600% 02/04/2026 (CALL DATE 02/04/2 183,000 183,007
    50000 DISCOVERY COMMUNICATIONS LLC 3.62500% 05/15/2030 NOTE CALL MAKE WHOLE 50,000 53,505
    156000 MARSH &MCLENNAN COS INC NOTE 3.87500% 03/15/2024 CALL MAKE WHOLE (CAL 159,054 165,017
    140000 VERIZON COMMUNICATIONS INC 3.55000% 03/22/2051 NOTE CALL MAKE WHOLE ( 138,747 151,330
    770000 UNIFORM MBS POOL #CB1066 2.50000% 07/01/2051 (FACTOR 00.97826188) 787,570 770,391
    155000 DUKE ENERGY CORP NEW NOTE CALL MAKE WHOLE 2.55000% 06/15/2031 (CALL D 154,795 155,358
    195000 CITIGROUP INC NOTE CALL MAKE WHOLE 3.20000% 10/21/2026 (CALL DATE 07/ 198,860 206,755
    390000 UNIFORM MBS POOL #QB0130 2.50000% 06/01/2050 (FACTOR 00.67399654) 276,298 268,565
    122000 WELLS FARGO &CO SER Q MTN 2.57200% 02/11/2031 CALL MAKE WHOLE (CALL D 122,950 124,671
    170000 TOTAL CAP INTL NOTE CALL MAKE WHOLE 2.82900% 01/10/2030 ISIN #US89153 173,049 178,172
    114000 LOWES COS INC NOTE CALL MAKE WHOLE 1.70000% 10/15/2030 (CALL DATE 07/ 113,563 108,431
    154000 VMWARE INC NOTE CALL MAKE WHOLE 2.20000% 08/15/2031 (CALL DATE 05/15/ 153,697 151,200
    159000 ENTERGY MISSISSIPPI LLC BOND 2.85000% 06/01/2028 CALL MAKE WHOLE (CAL 161,612 165,956
    120000 AT&T INC NOTE CALL MAKE WHOLE 4.35000% 03/01/2029 (CALL DATE 12/01/28 128,376 134,905
    172000 COMMONWEALTH EDISON CO SER 125 BOND 3.70000% 08/15/2028 CALL MAKE WHO 182,534 188,844
    112000 APPLE INC NOTE CALL MAKE WHOLE 3.45000% 02/09/2045 ISIN #US037833BA77 118,717 125,397
    125000 SIMON PPTY GROUP LP NOTE CALL MAKE WHOLE 3.75000% 02/01/2024 (CALL DA 127,297 130,890
    85000 VISA INC NOTE CALL MAKE WHOLE 4.30000% 12/14/2045 (CALL DATE 06/14/45) 102,542 107,308
    268000 JPMORGAN CHASE &CO NOTE 3.30000% 04/01/2026 (CALL DATE 01/01/26) 275,055 285,801
    180000 MORGAN STANLEY SER I MTN 2.69900% 01/22/2031 CALL MAKE WHOLE (CALL DA 185,301 184,338
    151000 TEXAS INSTRS INC NOTE CALL MAKE WHOLE 1.37500% 03/12/2025 (CALL DATE 150,775 151,687
    74000 ENTERPRISE PRODS OPER LLC NOTE 5.95000% 02/01/2041 CALL MAKE WHOLE 92,307 98,458
    427000 UNIFORM MBS POOL #MA3937 3.00000% 02/01/2050 (FACTOR 00.30867224) 141,603 136,653
    73000 COSTCO WHOLESALE CORPORATION NOTE 1.37500% 06/20/2027 CALL MAKE (CALL 72,836 72,487
    200000 COMCAST CORP NEW NOTE CALL MAKE WHOLE 3.37500% 02/15/2025 (CALL DATE 203,373 212,286
    77000 CATERPILLAR INC NOTE CALL MAKE WHOLE 2.60000% 04/09/2030 (CALL DATE 01 76,583 80,318
    50000 CATERPILLAR FINL SVCS MTNS BE SER I 2.15000% 11/08/2024 CALL MAKE WHOL 50,078 51,461
    75000 MICROSOFT CORP NOTE CALL MAKE WHOLE 2.52500% 06/01/2050 (CALL DATE 12/ 76,040 73,430
    59000 CIGNA CORP NEW NOTE CALL MAKE WHOLE 2.40000% 03/15/2030 (CALL DATE 12/ 58,901 59,537
    146000 FISERV INC NOTE CALL MAKE WHOLE 2.25000% 06/01/2027 (CALL DATE 04/01/ 145,904 148,635
    122000 WALMART INC NOTE CALL MAKE WHOLE 4.05000% 06/29/2048 (CALL DATE 12/29 143,137 155,600
    1603000 UNIFORM MBS POOL #MA3873 4.00000% 12/01/2049 (FACTOR 00.29688488) 520,889 505,784
    565000 UNIFORM MBS POOL #MA4210 2.50000% 12/01/2050 (FACTOR 00.76604772) 465,519 442,213
    133000 AT&T INC NOTE CALL MAKE WHOLE 4.75000% 05/15/2046 (CALL DATE 11/15/45 147,939 161,116
    285000 BK OF AMERICA CORP MTN 4.12500% 01/22/2024 288,361 302,847
    100000 GILEAD SCIENCES INC NOTE CALL MAKE WHOLE 1.65000% 10/01/2030 (CALL DA 99,761 95,950
    170000 INTERCONTINENTAL EXCHANGE INC NOTE 1.85000% 09/15/2032 CALL MAKE WHOL 169,250 162,722
    101000 RAYTHEON TECHNOLOGIES CORP 3.95000% 08/16/2025 NOTE CALL MAKE WHOLE ( 105,221 109,550
    125000 ANHEUSER BUSCH INBEV FIN INC NOTE 4.90000% 02/01/2046 CALL MAKE WHOLE 145,997 157,409
    72000 DISNEY WALT CO NOTE CALL MAKE WHOLE 2.00000% 09/01/2029 ISIN #US254687 69,796 71,689
    321000 UNIFORM MBS POOL #SD8013 4.50000% 09/01/2049 (FACTOR 00.28573646) 100,294 98,344
    99000 BRISTOL-MYERS SQUIBB CO NOTE 0.75000% 11/13/2025 CALL MAKE WHOLE (CALL 98,840 96,453
    185000 AMERICAN TOWER CORP NOTE CALL MAKE WHOLE 2.70000% 04/15/2031 (CALL DA 184,643 185,771
    65000 SHELL INTERNATIONAL FIN BV NOTE 4.00000% 05/10/2046 CALL MAKE WHOLE 73,550 75,843
    89000 AMGEN INC NOTE CALL MAKE WHOLE 2.45000% 02/21/2030 (CALL DATE 11/21/29 88,969 90,670
    148000 ORACLE CORP NOTE CALL MAKE WHOLE 2.87500% 03/25/2031 (CALL DATE 12/25 147,771 149,107
    52000 COMCAST CORP NEW NOTE CALL MAKE WHOLE 4.70000% 10/15/2048 (CALL DATE 0 63,191 66,437
    115000 GOLDMAN SACHS GROUP INC NOTE 3.85000% 01/26/2027 CALL MAKE WHOLE (CAL 119,040 123,661
    159000 ABBVIE INC NOTE CALL MAKE WHOLE 3.20000% 11/06/2022 (CALL DATE 09/06/ 159,369 161,690
    1000000 UNIFORM MBS POOL #AS7003 3.00000% 04/01/2046 (FACTOR 00.26204807) 280,850 274,878
    306000 TORONTO DOMINION BANK MTN 0.75000% 09/11/2025 CALL MAKE WHOLE 305,146 297,952
    31000 CVS HEALTH CORP NOTE CALL MAKE WHOLE 4.30000% 03/25/2028 (CALL DATE 12 32,798 34,813
    89000 CAPITAL ONE FINL CORP NOTE 3.90000% 01/29/2024 (CALL DATE 12/29/23) 90,531 93,672
    473000 UNIFORM MBS POOL #MA3210 3.50000% 12/01/2047 (FACTOR 00.22527795) 117,047 113,003
    125000 KINDER MORGAN ENERGY PARTNERS NOTE 4.15000% 03/01/2022 CALL MAKE WHOL 125,091 125,693
    150000 GOLDMAN SACHS GROUP INC NOTE 3.50000% 01/23/2025 (CALL DATE 10/23/24) 151,296 158,117
    114000 ADOBE INC NOTE CALL MAKE WHOLE 1.90000% 02/01/2025 (CALL DATE 01/01/2 113,757 116,768
    112000 SHIRE ACQUISITIONS INVESTMENTS IREL 3.20000% 09/23/2026 NOTE CALL MAK 113,991 118,860
    75000 ANALOG DEVICES INC NOTE CALL MAKE WHOLE 2.10000% 10/01/2031 (CALL DATE 74,571 75,259
    1142000 UNIFORM MBS POOL #MA3803 3.50000% 10/01/2049 (FACTOR 00.23649894) 293,373 284,266
    80000 HOME DEPOT INC NOTE CALL MAKE WHOLE 2.75000% 09/15/2051 (CALL DATE 03/ 79,144 79,771

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE SEALARK FOUNDATION INC
    EIN:
    13-3747240
    Name of Stock End of Year Book Value End of Year Fair Market Value
    192 ALPHABET INC CLASS C (GOOG) 132,272 555,569
    139 CHARTER COMMUNICATIONS INC (CHTR) 65,422 90,623
    1020 META PLATFORMS INC (FB) 167,661 343,077
    108 AMAZON.COM INC (AMZN) 91,610 360,108
    890 APTIV PLC (APTV) 134,910 146,805
    1005 HILTON WORLDWIDE HOLDINGS (HLT) 104,063 156,769
    197 HOME DEPOT (HD) 26,662 81,756
    30 MERCADOLIBRE INC (MELI) 46,501 40,452
    1410 NIKE INC CL B (NKE) 82,605 235,004
    955 ROSS STORES INC (ROST) 93,162 109,137
    1025 PEPSICO INC (PEP) 100,520 178,052
    2235 CONOCOPHILLIPS (COP) 98,444 161,322
    410 PIONEER NATURAL RESOURCES (PXD) 75,037 74,570
    225 AON PLC (AON) 48,447 67,626
    5965 BANK OF AMERICA CORP (BAC) 175,877 265,382
    1630 BLACKSTONE INC (BX) 91,499 210,905
    1730 CITIGROUP INC (C) 70,634 104,474
    955 JPMORGAN CHASE & CO (JPM) 149,298 151,224
    174 MSCI INC (MSCI) 76,677 106,608
    296 S&P GLOBAL INC. (SPGI) 96,608 139,691
    2415 SCHWAB CHARLES CORP NEW (SCHW) 126,864 203,101
    675 CATALENT INC (CTLT) 73,217 86,420
    590 DANAHER CORP (DHR) 50,533 194,115
    1040 IQVIA HOLDINGS INC (IQV) 157,100 293,425
    293 THERMO FISHER SCIENTIFIC (TMO) 21,070 195,501
    470 UNITEDHEALTH GROUP INC (UNH) 122,114 236,005
    790 ZOETIS INC (ZTS) 52,688 192,783
    260 CINTAS CORP (CTAS) 42,256 115,224
    955 EATON CORP PLC (ETN) 137,018 165,043
    348 NORTHROP GRUMMAN CORP (NOC) 127,711 134,700
    607 UNION PACIFIC CORP (UNP) 102,688 152,921
    241 ADOBE INC (ADBE) 114,765 136,661
    1515 AMPHENOL CORP (APH) 71,609 132,501
    3245 APPLE INC (AAPL) 96,999 576,214
    2210 MICROSOFT CORP (MSFT) 144,598 743,267
    229 NVIDIA CORP (NVDA) 66,271 67,351
    159 SERVICENOW INC (NOW) 27,196 103,208
    1180 TEXAS INSTRUMENTS INC (TXN) 118,255 222,394
    1430 VISA INC (V) 135,902 309,895
    317 AIR PRODUCTS & CHEMICALS (APD) 74,533 96,450
    735 VULCAN MATERIALS (VMC) 136,417 152,571
    733 AMERICAN TOWER CORP (AMT) 144,155 214,402
    975 AMEREN CORP (AEE) 63,801 86,784
    430 AMERICAN WATER WORKS CO (AWK) 18,016 81,209
    300 SEA LTD ADR (SE) 13,299 67,113
    180 LVMH MOET HENNESSY VUITTON 77,166 148,212
    800 SAFRAN SA 101,541 97,549
    198 ASML HOLDING 95,868 158,481
    576 MATCH GROUP INC 56,120 76,176
    400 ADVANCE AUTO PARTS (AAP) 45,619 95,952
    249 BURLINGTON STORES INC (BURL) 46,820 72,585
    2100 DOLLARAMA INC 67,906 105,031
    107 DOMINOS PIZZA (DPZ) 42,860 60,383
    310 EXPEDIA GROUP INC (EXPE) 50,994 56,023
    545 WYNDHAM HOTELS & RESORTS (WH) 23,085 48,859
    2710 US FOODS HOLDING CORP (USFD) 80,742 94,389
    430 NASDAQ INC. (NDAQ) 41,837 90,304
    233 COOPER COS INC (COO) 58,901 97,613
    187 LAB CORP OF AMER HLDGS NEW (LH) 27,358 58,757
    355 STERIS PLC (STE) 39,460 86,410
    207 TELEFLEX INC (TFX) 62,419 67,995
    280 CARLISLE COS (CSL) 55,313 69,473
    395 DOVER CORP (DOV) 30,085 71,732
    322 EQUIFAX INC (EFX) 43,022 94,278
    195 HEICO CORPORATION (HEI) 26,184 28,122
    1145 IAA INC (IAA) 42,561 57,959
    450 LINCOLN ELEC HLDG (LECO) 60,199 62,761
    665 SMITH A O CORP (AOS) 27,258 57,090
    151 ANSYS INC (ANSS) 30,135 60,569
    410 ASPEN TECHNOLOGY (AZPN) 56,185 62,402
    430 CDW CORP/DE (CDW) 48,781 88,055
    265 NICE LTD ADR (NICE) 46,485 80,454
    144 PAYCOM SOFTWARE INC (PAYC) 53,207 59,787
    805 SS&C TECHNOLOGIES HOLDINGS (SSNC) 51,064 65,993
    231 SYNOPSYS INC (SNPS) 30,629 85,123
    320 WEX INC (WEX) 46,911 44,924
    285 JONES LANG LASALLE INC COM (JLL) 54,259 76,761

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE SEALARK FOUNDATION INC
    EIN:
    13-3747240
    US Government Securities - End of Year Book Value:

    10,324,203
    US Government Securities - End of Year Fair Market Value:

    10,346,567
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE SEALARK FOUNDATION INC
    EIN:
    13-3747240
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    249,926.657 OW CREDIT INCOME FUND (OWCIX) AT COST 2,494,408 2,521,759
    1,072,437.613 OW LARGE CAP STRATEGIES FD (OWLSX) AT COST 12,901,068 20,204,724
    344658769 OW SMALL & MIDCAP STRAT FD (OWSMX) AT COST 4,821,342 6,221,090
    223765.688 ARTISAN INTL SMALL-MID CAP INSTL AT COST 3,264,282 4,647,613
    57952.772 VANGUARD WELLESLEY INCOME ADMIRAL AT COST 4,203,323 4,064,228
    166302.51 EDGEWOOD GROWTH FUND INSTL CL AT COST 5,757,011 10,059,639
    72074.627 VANGUARD SMALL-CAP VALUE INDEX ADMIRAL AT COST 3,342,821 5,536,052
    83006.08 DRIEHAUS EMERGING MKTS GROWTH INSTL AT COST 2,933,273 3,433,131
    200190.703 JPMORGAN HEDGED EQUITY CLASS I AT COST 4,312,446 5,403,147
    149028.003 ARTISAN INTL VALUE FUND INSTL AT COST 5,060,027 6,315,807
    597226.664 GQG PARTNERS US QUALITY SEL EQ INSTL AT COST 8,998,450 10,057,297
    101847.178 SUNBRIDGE EMERGING MARKETS FUND INSTL AT COST 3,774,853 3,008,566
    218934.241 SPYGLASS GROWTH FUND INSTL AT COST 2,416,020 3,914,544
    19194.148 VANGUARD 500 INDEX ADMIRAL AT COST 4,952,252 8,442,162
    224550.96 WCM FOCUSED INTL GROWTH FUND INSTL AT COST 3,589,720 6,215,571

    TY 2021 OtherDecreasesSchedule
    Name:
    THE SEALARK FOUNDATION INC
    EIN:
    13-3747240
    Description Amount
    YE BOOK BASIS TO TAX BASIS ADJUSTMENT 43,561
    OUTSTANDING CHECKS CASHED IN CURRENT YEAR 382,500


    TY 2021 OtherExpensesSchedule
    Name:
    THE SEALARK FOUNDATION INC
    EIN:
    13-3747240
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CSC EXPENSE 200 0   200
    STATE OF DELAWARE 0 0   0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE SEALARK FOUNDATION INC
    EIN:
    13-3747240
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BESSEMER TRUST INVESTMENT MANAGEMENT FEES 105,609 105,609   0
    ROPES & GRAY LLP INVESTMENT MANAGEMENT FEES 440,678 440,678   0
    ELM RIDGE EXPLORATION CO 100,000 0   100,000
    NATIONAL FINANCIAL SERVICES INVESTMENT MANAGEMENT FEES 37,682 37,682   0


    TY 2021 TaxesSchedule
    Name:
    THE SEALARK FOUNDATION INC
    EIN:
    13-3747240
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES AND ADR FEES 1,650 1,650   0
    2021 ESTIMATES 5,000 0   0