TY 2021 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	98,357
2	Check .............
3	Interest on savings and temporary cash investments	3,528	3,528
4	Dividends and interest from securities...	107,969	107,969
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		80,847
b	Gross sales price for all assets on line 6a 80,847
7	Capital gain net income (from Part IV, line 2)...		80,847
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).......		80,921	80,921	0
12	Total. Add lines 1 through 11........	371,622	273,265	0
	13	Compensation of officers, directors, trustees, etc.	0	0	0	0
14	Other employee salaries and wages......	54,359	0	0	54,359
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		5,863	0	0	5,863
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		201,793	15,396	0	186,397
17	Interest...............	4,911	4,911	0	0
18	Taxes (attach schedule) (see instructions)...		3,735	1,248	0	2,193
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	5,806	2,903	0	2,903
22	Printing and publications..........
23	Other expenses (attach schedule).......		123,760	85,177	0	37,765
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	400,227	109,635	0	289,480
25	Contributions, gifts, grants paid.......	74,717			74,717
26	Total expenses and disbursements. Add lines 24 and 25	474,944	109,635	0	364,197
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-103,322
b	Net investment income (if negative, enter -0-)		163,630
c	Adjusted net income (if negative, enter -0-)...			0

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1,196,423	896,438	896,438
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	4,322,512	4,488,619	4,488,619
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	0	31,996	31,996
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,518,935	5,417,053	5,417,053
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	5,518,935	5,417,053
	29	Total net assets or fund balances (see instructions).....	5,518,935	5,417,053
	30	Total liabilities and net assets/fund balances (see instructions).	5,518,935	5,417,053

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

5,518,935

Enter amount from Part I, line 27a .....................

-103,322

Other increases not included in line 2 (itemize) bullet

1,440

Add lines 1, 2, and 3 ..........................

5,417,053

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

5,417,053

(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
1 a	BREVET DIRECT LENDING - INTERMEDIATE DURATION FUND [47-2551026]	P
b	COVENTURE - CLEARBANC SPECIAL [82-3360601]	P
c	COVENTURE - CLEARBANC SPECIAL [82-3360601]	P
d	WHISKEY CAPITAL FUND - [83-4058199]	P
e	RIVERNORTH INSTITUTIONAL PARTNERS [45-4057547]	P
	RIVERNORTH INSTITUTIONAL PARTNERS [45-4057547]	P

(e) Gross sales price		(h) Gain or (loss) (e) plus (f) minus (g)
a	1,092	1,092
b	22,589	22,589
c	21,578	21,578
d	14,445	14,445
e	3,528	3,528
	17,615	17,615

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			1,092
b			22,589
c			21,578
d			14,445
e			3,528
			17,615

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	80,847
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 ...................		3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	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	2,274
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	2,274
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
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	0
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	7
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	2,281
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax	Refunded	11

(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
PAUL LEVINSOHN	PRESIDENT 1.00	0	0	0
60 WARREN STREET NEW YORK,NY10007
DAVID WARD	DIRECTOR 0.50	0	0	0
150 EAST 52ND ST NEW YORK,NY10022
COURTNEY CARROLL	SECRETARY & TREASURER 30.00	0	0	0
60 WARREN STREET NEW YORK,NY10007

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

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

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7					270,915
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......	46,355
b From 2017......	86,973
c From 2018......	64,152
d From 2019......	11,502
e From 2020......	33,432
f Total of lines 3a through e ........		242,414
4Qualifying distributions for 2021 from Part
XI, line 4: $ 364,197
a Applied to 2020, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2021 distributable amount.....					270,915
e Remaining amount distributed out of corpus		93,282
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		335,696
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) ...		46,355
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		289,341
10 Analysis of line 9:
a Excess from 2017....	86,973
b Excess from 2018....	64,152
c Excess from 2019....	11,502
d Excess from 2020....	33,432
e Excess from 2021....	93,282

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	(e) Total

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

PAUL LEVINSOHN

COURTNEY CARROLL

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:

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BEYOND SPORT LTD PO BOX 1561 NEW YORK,NY10159	NONE	PC	GENERAL OPERATIONS	10,000
CASA OF MORRIS AND SUSSEX COUNTIES INC 18 CATTANO AVENUE MORRISTOWN,NJ07960	NONE	PC	GENERAL OPERATIONS	5,000
MIRACLEFEET 107 CONNER DRIVE SUITE 230 CHAPEL HILL,NC27514	NONE	PC	GENERAL OPERATIONS	5,000
ST LUKE'S SCHOOL 487 HUDSON STREET NEW YORK,NY10014	NONE	PC	GENERAL OPERATIONS	5,000
JEWISH FOUNDATION 80 MAIN ST SUITE 380 WEST ORANGE,NJ07052	NONE	PC	GENERAL OPERATIONS	5,000
GOLDEN GATE WOMEN SOCCER LEAGUE 1230 WHIPPLE AVE REDWOOD CITY,CA94062	NONE	PC	GENERAL OPERATIONS	1,650
BW PLAYER COLLECTIVE 60 WARREN STREET 6 NEW YORK,NY10007	NONE	PC	GENERAL OPERATIONS	500
THE QUAD PREPARATORY SCHOOL 25 PINE ST NEW YORK,NY10005	NONE	PC	GENERAL OPERATIONS	25,000
THE BOWERY MISSION 2355 LEXINGTON AVE NEW YORK,NY10017	NONE	PC	GENERAL OPERATIONS	2,500
FRIENDS OF BOGARDUS PLAZA 5 HUDSON ST NEW YORK,NY10013	NONE	PC	GENERAL OPERATIONS	1,000
AMERICA SCORES BAY AREA 1460 MISSION ST SAN FRANCISCO,CA94103	NONE	PC	GENERAL OPERATIONS	3,512
UPPER 90SOCCER POST 201 PARK AVENUE HICKSVILLE,NY11801	NONE	PC	GENERAL OPERATIONS	975
CAL WOMEN'S SOCCER ALUMNI 60 WARREN STREET 6 NEW YORK,NY10007	NONE	PC	GENERAL OPERATIONS	700
SOUTH BRONX UNITED 192 E 151 STREET BRONX,NY10451	NONE	PC	GENERAL OPERATIONS	1,173
THE SANNEH FOUNDATION 1276 UNIVERSITY AVE W ST PAUL,MN55104	NONE	PC	GENERAL OPERATIONS	2,557
5150 1801 S PRAIRIE AVE CHICAGO,IL60616	NONE	PC	GENERAL OPERATIONS	5,150
Total ................................. 3a				74,717

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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	(e) Related or exempt function income (See instructions.)
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	3,528
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	80,847
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		273,265	0

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization C&P LEVINSOHN FOUNDATION INC

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	PAUL LEVINSOHN 60 WARREN STREET NEW YORK, NY10007	$ 98,357	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)


(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...................				0

bApproved for future payment

Total ................................. 3b				0

Name of organization C&P LEVINSOHN FOUNDATION INC		Employer identification number 45-4057547

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2021)


Name of organization C&P LEVINSOHN FOUNDATION INC			Employer identification number 45-4057547
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
WHISKEY CAPITAL FINANCIAL	AT COST	259,717	259,717
WHITEHAVEN CREDIT OPPORTUNITIES	AT COST	600,000	600,000
CV CLEARBANK FUND	AT COST	303,129	303,129
RADCLIFFE INTERNATIONAL FUND	AT COST	600,000	600,000
RIVERNORTH INSTITUTIONAL FUND	AT COST	670,816	670,816
BREVET DIRECT LANDING SHORT TERM FUND	AT COST	399,230	399,230
LYNX EBO OFFSHORE EFUND	AT COST	450,000	450,000
CLADRIUS INTERNATIONAL LTD	AT COST	250,000	250,000
US BANKCORP FUND	AT COST	300,000	300,000
BREVET DIRECT LANDING INTERMEDIATE FUND	AT COST	373,586	373,586
COURAGE MUSIC PARTNERS LP	AT COST	282,141	282,141

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
BANK CHARGES	1,436	718	718
CV CLEARBANK FUND [82-33606601]	2,629	2,629	0
WHISKEY CAPITAL SECURED FINANCING FUND I [83-4058199]	6,386	6,386	0
RIVERNORTH INSTITUTIONAL PARTNERS LP [27-1087172]	11,361	11,361	0
BREVET DIRECT LENDING - INTERMEDIATE FUND [47-2551026]	13,870	13,870	0
COURAGE MUSIC PARTNERS II, L.P. [83-3398181]	50,213	50,213	0
PAYROLL PROCESSING FEES	2,505	0	2,505
MISCELLANEOUS	1,206	0	388
CONTENT & PROMOTIONS	10,294	0	10,294
COMPUTER & WEBSITE EXPENSES	23,860	0	23,860

Description	Revenue And Expenses Per Books	Net Investment Income
BREVET DIRECT LENDING	58,139	58,139
COVENTURE - CLEARBANK SPECIAL ASSETS FUND LP [82-3360601]	-443	-443
RIVERNORTH INSTITUTIONAL PARTNERS [45-4057547]	577	577
BREVET DIRECT LENDING - INTERMEDIATE DURATION FUND [47-2551026]	-15,191	-15,191
COURAGE MUSIC PARTNERS II, L.P [83-3398181]	36,453	36,453
COURAGE MUSIC PARTNERS II, L.P [83-3398181]	1,386	1,386

Description	Amount
TAX-EXEMPT INCOME VIA PASS-THROUGH	1,329
OTHER INCREASE - SYNDICATION COSTS	111

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OUTSIDE CONTRACT SERVICES	171,001	0	0	171,001
ADVISORY FEE	30,792	15,396	0	15,396

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
EXCISE TAXES	294	0	0
FOREIGN TAXES WITHHELD	1,248	1,248	0
PAYROLL TAXES	2,193	0	2,193

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