Form990-PF
Click to see attachment
Click to see attachmentClick to see attachment

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
KEREN KESHET - THE RAINBOW FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1015 PARK AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10028
A Employer identification number

13-4069592
B Telephone number (see instructions)

(212) 396-8850
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$212,134,789J 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 12,645 12,645  
4 Dividends and interest from securities... 339,956 339,956  
5a Gross rents............ 13,368 13,368  
b Net rental income or (loss) -169,029
6a Net gain or (loss) from sale of assets not on line 10 14,937,659
b Gross sales price for all assets on line 6a 9,823,623
7 Capital gain net income (from Part IV, line 2)... 14,937,659
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 13,618,037 11,902,663 0
12 Total. Add lines 1 through 11........ 28,921,665 27,206,291 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 225,791 40,000 0 185,791
14 Other employee salaries and wages...... 461,864 0 0 0
15 Pension plans, employee benefits....... 1,674,975 0 0 0
16a Legal fees (attach schedule)......... Click to see attachment 82,596 0 0 82,596
b Accounting fees (attach schedule)....... Click to see attachment 76,439 45,863 0 30,576
c Other professional fees (attach schedule).... Click to see attachment 5,514,014 5,216,853 0 297,161
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 683,157 206,849 0 0
19 Depreciation (attach schedule) and depletion... 594,880 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 55,848 0 0 55,848
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 892,426 66,962 0 848,813
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,261,990 5,576,527 0 1,500,785
25 Contributions, gifts, grants paid....... 19,710,775 19,047,142
26 Total expenses and disbursements. Add lines 24 and 25 29,972,765 5,576,527 0 20,547,927
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,051,100
b Net investment income (if negative, enter -0-) 21,629,764
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 34,839,201 37,421,758 37,421,758
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) 12,355,501 Click to see attachment12,472,842 12,472,842
b Investments—corporate stock (attach schedule)....... 22,381,640 Click to see attachment28,374,009 28,374,009
c Investments—corporate bonds (attach schedule)....... 1,028,202 0 0
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 115,758,150 Click to see attachment111,012,056 111,012,056
14 Land, buildings, and equipment: basis bullet33,934,899
Less: accumulated depreciation (attach schedule) bullet11,591,557 22,522,569 22,343,342 22,343,342
15 Other assets (describe bullet) Click to see attachment3,151,370 Click to see attachment510,782 Click to see attachment510,782
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 212,036,633 212,134,789 212,134,789
Liabilities 17 Accounts payable and accrued expenses.......... 172,160 142,206
18 Grants payable................. 629,000 561,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment99,185
23 Total liabilities (add lines 17 through 22)......... 801,160 802,391
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........... 209,039,376 211,332,398
25 Net assets with donor restrictions............ 2,196,097 0
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)..... 211,235,473 211,332,398
30 Total liabilities and net assets/fund balances (see instructions). 212,036,633 212,134,789
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
211,235,473
2
Enter amount from Part I, line 27a .....................
2
-1,051,100
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,504,108
4
Add lines 1, 2, and 3 ..........................
4
211,688,481
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
356,083
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
211,332,398
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 BAUPOST VALUE PARTNERS LP IV - ST P    
b BAUPOST VALUE PARTNERS LP IV - LT P    
c D. PARTNERS (BVI) LP - LT P    
d D. PARTNERS II (CAYMAN) LP - LT P    
e D. PARTNERS II - (CAYMAN) ANNEX FUND LP - LT P    
VIOLA PARTNERS FUND 4 2013 - ST P    
VIOLA PARTNERS FUND 4 2013 - LT P    
ROUND HILL MUSIC ROYALTY FUND - LT P    
V PARTNERS III (CAYMAN) LP - ST P    
V PARTNERS III (CAYMAN) LP - LT P    
VINTAGE VENTURE PARTNERS LP - LT P    
HUDSON VEGAS INVESTMENTS SPV - LT P    
PUBLICLY TRADED SECURITIES - ST P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       127,694
b       1,129,310
c       20,958
d       128,525
e       111,407
      -1,003
      1,086,180
      1,569,931
      269
      8,064,327
      1,651,453
      114,443
9,823,623   8,889,458 934,165
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       127,694
b       1,129,310
c       20,958
d       128,525
e       111,407
      -1,003
      1,086,180
      1,569,931
      269
      8,064,327
      1,651,453
      114,443
      934,165
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 14,937,659
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 1,061,125
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........................... 3 300,654
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- ..... 5 300,654
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 200,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 200,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 1,564
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 102,218
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$ 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 changesClick to see attachment....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment.................
    12
    Yes
     
    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 ofbulletJEFFREY NOVICK Telephone no.bullet (212) 396-8800

    Located atbullet1015 PARK AVENUENEW YORKNY ZIP+4bullet10028
    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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletIS, SZ
    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)
    Yes
     
    (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
    ARTHUR W FRIED PRESIDENT
    20.00     		20,000 176,325 0
    1015 PARK AVENUE
    NEW YORK,NY10028
    MEM DRYAN BERNSTEIN VICE-PRES & TREASURER
    20.00     		20,000 105,733 0
    1015 PARK AVENUE
    NEW YORK,NY10028
    LINDA SAKACS SECRETARY
    40.00     		185,791 47,224 0
    1015 PARK AVENUE
    NEW YORK,NY10028
    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
    NECHAMA LEIBOWITZ DIR. OF OPERATIONS
    40.00     		171,642 63,608 0
    1015 PARK AVENUE
    NEW YORK,NY10028
    BRENDAN DELANY OFFICE MANAGER
    40.00     		98,778 27,294 0
    1015 PARK AVENUE
    NEW YORK,NY10028
    ANA AULL OFFICE ADMIN
    40.00     		23,093 61,388 0
    1015 PARK AVENUE
    NEW YORK,NY10028
    ZHANETTA CHERNYAK BOOKKEEPER
    30.00     		41,610 38,049 0
    1015 PARK AVENUE
    NEW YORK,NY10028
    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
    ARI HOFFMAN CONSULTING 90,000
    220 E 57TH STREET
    NEW YORK,NY10022
    PATTERSON BELKNAP WEBB & TAYLOR LEGAL 82,596
    1133 AVE OF AMERICAS
    NEW YORK,NY10036
    RUTH R WISSE CONSULTING 75,000
    177 EAST 75TH ST
    NEW YORK,NY10021
    BERDON LLP ACCOUNTING 73,039
    360 MADISON AVENUE
    NEW YORK,NY10017
    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 NONE 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    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
    72,059,544
    b
    Average of monthly cash balances.......................
    1b
    11,671,511
    c
    Fair market value of all other assets (see instructions)................
    1c
    101,167,275
    d
    Total (add lines 1a, b, and c).........................
    1d
    184,898,330
    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
    184,898,330
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,773,475
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    182,124,855
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    9,106,243
    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
    9,106,243
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    300,654
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    147,179
    c
    Add lines 2a and 2b............................
    2c
    447,833
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,658,410
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    8,658,410
    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
    8,658,410
    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 8,658,410
    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......  
    b From 2017...... 13,327,228
    c From 2018......  
    d From 2019...... 2,326,263
    e From 2020...... 9,344,994
    f Total of lines 3a through e ........ 24,998,485
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 20,547,927
    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..... 8,658,410
    e Remaining amount distributed out of corpus 11,889,517
    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 36,888,002
    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) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		36,888,002
    10 Analysis of line 9:
    a Excess from 2017.... 13,327,228
    b Excess from 2018....  
    c Excess from 2019.... 2,326,263
    d Excess from 2020.... 9,344,994
    e Excess from 2021.... 11,889,517
    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 e-mail address of the person to whom applications should be addressed:
    LINDA SAKACS
    1015 PARK AVENUE
    NEW YORK,NY10028
    (212) 396-8800
    bThe form in which applications should be submitted and information and materials they should include:
    COMMUNICATION TO BE PRESENTED TO THE BOARD OF DIRECTORS
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    1210 SCOTT STREET INC
    1015 PARK AVENUE
    NEW YORK,NY10028     		N/A PRIVATE FOUNDATION OPERATING EXPENSES 325,000
    AVI CHAI FOUNDATION
    1015 PARK AVENUE
    NEW YORK,NY10028     		N/A PRIVATE FOUNDATION ACCOMODATION/ADMIN GRANT 49,121
    BBYO
    800 EIGTH STREET NW
    WASHINGTON,DC20001     		N/A PUBLIC CHARITY PROGRAMMING INTIATIVES 75,000
    AREIVIM PHILANTHROPIC GROUP
    729 SEVENTH AVE
    NEW YORK,NY10019     		N/A PUBLIC CHARITY RESEARCH/WRITING 50,000
    CALIFORNIA PACIFIC MEDICAL CENTER
    2015 STEINER STREET
    SAN FRANCISCO,CA94115     		N/A PUBLIC CHARITY OPERATING EXPENSES 25,000
    CENTRAL FUND OF ISRAEL
    461 CENTRAL AVE
    CEDARHURST,NY11516     		N/A PUBLIC CHARITY PROGRAMMING INITIATIVES 55,045
    CLUB Z
    1055 RIVERTON DRIVE
    SAN CARLOS,CA94070     		N/A PUBLIC CHARITY PROGRAMMING INITIATIVES 18,000
    CONGREGATION KEHILATH JESHURUN
    125 EAST 85TH STREET
    NEW YORK,NY10028     		N/A PUBLIC CHARITY OPERATING EXPENSES 7,000
    GATESTONE INSTITUTE
    14 EAST 60TH STREET - SUITE 1001
    NEW YORK,NY10022     		N/A PUBLIC CHARITY PROGRAMMING INITIATIVES 10,000
    NEXTBOOK INC
    37 WEST 28TH STREET
    NEW YORK,NY10001     		N/A PUBLIC CHARITY OPERATING EXPENSES 23,240
    JEWISH COMMUNAL FUND #4681
    575 MADISON AVENUE
    NEW YORK,NY10022     		N/A PUBLIC CHARITY PROGRAMMING INITIATIVES 3,000,000
    JEWISH COMMUNITY HS OF THE BAY
    1835 ELLIS STREET
    SAN FRANCISCO,CA94115     		N/A PUBLIC CHARITY OPERATING EXPENSES 218,000
    JEWISH FUNDERS NETWORK
    150 WEST 30TH STREET
    NEW YORK,NY10001     		N/A PUBLIC CHARITY PROGRAMMING INITIATIVES 5,000
    JEWISH MUSEUM
    1109 FIFTH AVENUE
    NEW YORK,NY10128     		N/A PUBLIC CHARITY OPERATING EXPENSES 5,000
    KEREN KESHET ISRAEL
    44 KING GEORGE STREET
      JERSUSALEM  
    IS     		N/A PRIVATE FOUNDATION-E OPERATING EXPENSES 1,802,153
    MANHATTAN JEWISH EXPERIENCE
    131 WEST 86TH STREET
    NEW YORK,NY10024     		N/A PUBLIC CHARITY PROGRAMMING INITIATIVES 10,000
    METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVENUE1048 FIFTH AVENUE
    NEW YORK,NY10028     		N/A PUBLIC CHARITY PROGRAMMING INITIATIVES 5,000
    STUDENTS SUPPORTING ISRAEL
    PO BOX 46282
    MINNEAPOLIS,MN55446     		N/A PUBLIC CHARITY PROGRAMMING INITIATIVES 18,000
    NEW YORK WEILL
    525 EAST 68TH STREET BOX 123
    NEW YORK,NY10065     		N/A PUBLIC CHARITY OPERATING EXPENSES 25,000
    START-UP NATION CENTRAL (AMERICAN FRIENDS OF)
    40 WEST 57TH STREET - 26TH FLOOR
    NEW YORK,NY10019     		N/A PUBLIC CHARITY PROGRAMMING INITIATIVES 50,000
    UCSF FOUNDATION
    PO BOX 45339
    SAN FRANCISCO,CA94145     		N/A PUBLIC CHARITY OPERATING EXPENSES 25,000
    UN WATCH USA
    PO BOX 5872 FRIENDSHIP POST OFFICE
    WASHINGTON,DC20016     		N/A PUBLIC CHARITY OPERATING EXPENSES 5,000
    VANGUARD CHARITABLE ENDOWMENT PROGRAM
    PO BOX 9509
    WARWICK,RI02889     		N/A PUBLIC CHARITY GENERAL PURPOSE 13,000,000
    YARON NISENHOLZ
    44 KING GEORGE STREET
      JERUSALEM  
    IS     		N/A N/A RESEARCH/WRITING 18,000
    RAMAZ SCHOOL
    125 EAST 85TH STREET
    NEW YORK,NY10028     		N/A PUBLIC CHARITY OPERATING EXPENSES 75,000
    ZAMIR CHORAL FOUNDATION
    475 RIVERSIDE DRIVE - SUITE 1948
    NEW YORK,NY10115     		N/A PUBLIC CHARITY OPERATING EXPENSES 25,000
    TRAVELING PRESS FUND INC
    740 4TH STREET NORTH
    ST PETERSBURG,FL33701     		N/A PUBLIC CHARITY OPERATING EXPENSES 50,000
    UNITED CHARITABLE
    44921 GEORGE WASHINGTON BLVD
    ASHBURN,VA20147     		N/A PC OPERATING EXPENSES 18,000
    ZCB MEMORIAL FOUNDATION
    HEILIGKREUZ 6 PO BOX 484 FL 9490
    VADUZ,VADUZ  
    LS     		N/A PRIVATE FOUNDATION-E OPERATING EXPENSES 55,583
    Total .................................bullet 3a 19,047,142
    bApproved for future payment
    RAMAZ SCHOOL
    125 EAST 85TH STREET
    NEW YORK,NY10028     		N/A PUBLIC CHARITY OPERATING EXPENSES 500,000
    Total .................................bullet 3b 500,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 12,645  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -169,029  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 50,502 18 14,887,157  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFOREIGN CURRENCY GAIN     		    01 227,186  
    bMISCELLANEOUS     01 -3,880  
    cFROM PARTNERSHIPS 525990 1,715,374 01 11,679,357  
    dFEDERAL AND STATE TAX CREDIT/REFUND     01    
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 1,765,876 26,973,392 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    28,739,268
    (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:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 76,439 45,863 0 30,576

    TY 2021 AllOthProgRltdInvestmentsSch
    Name:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    Category Amount
    NONE 0

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    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
    1210 SCOTT STREET INC
          		1015 PARK AVENUE
    NEW YORK,NY100280904     		2021-12-31 325,000 TO ENSURE THAT JEWISH CULTURE IS PRESERVED AND STRENGTHENED THROUGH STUDY AND PRACTICE     1/1/2021-12/31/2021   NO KNOWLEDGE THAT THE GRANTEE HAS DIVESTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
    KEREN KESHET (ISRAEL)
          		44 KING GEORGE STREET
    JERUSALEM   94252
    IS     		2021-12-31 1,802,153 GENERAL SUPPORT GRANT     1/1/2021-12/31/2021   NO KNOWLEDGE THAT THE GRANTEE HAS DIVESTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.
    THE AVI CHAI FOUNDATION
          		1015 PARK AVENUE
    NEW YORK,NY100280904     		2021-12-31 49,121 GRANTS THE USE OF A PROPERTY IN JERUSALEM, TO SUPPORT THE CHARITABLE AND EDUCATIONAL ACTIVITIES.     1/1/2021-12/31/2021   NO KNOWLEDGE THAT THE GRANTEE HAS DIVESTED ANY PORTION OF THE FUNDS FROM THE PURPOSE OF THE GRANT.

    TY 2021 GeneralExplanationAttachment
    Name:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    Identifier Return Reference Explanation
    ADDITIONAL INFORMATION THAT DIDN'T FIT ON FORM FORM 8886, LINE 7E TRANSACTIONS PARTNER'S ALLOCABLE SHARE OF RECOGNIZED LOSSES1 ALTA RESOURCES DEVELOPMENT LLC (52,813)2 ATARA BIOTHERAPEUTICS INC (17,197)3 GOLD CALLS 1850 4/6/21 (GS) (48,523)4 GOLD CALLS 1850 4/8/21 (CITI) (47,853)5 GOLD CALLS 1900 4/6/21 (GS) (51,437)6 GOLD CALL 1900 4/8/21 (CITI) (49,500)7 GOLD CALLS 2100 1/11/22 (CITI) (106,048)8 S&P500 2550 PUT 1/15/21 GS (94,192)9 S&P500 2600 PUT 1/15/21 GS (96,439)10 S&P500 2650 PUT 1/15/21 GS (97,211)11 S&P500 2950 PUT 1/15/21 GS (177,000)12 S&P500 3000 PUT 1/15/21 GS (178,579)13 S&P500 3050 PUT 1/15/21 GS (177,340)14 S&P500 3300 PUT 1/15/21 BAML (114,364)15 S&P500 3325 PUT 4/16/21 GS (25,284)16 S&P500 3350 PUT 4/16/21 GS (25,042)17 S&P500 3375 PUT 4/16/21 GS (24,740)18 S&P500 3400 PUT 8/20/21 GS (73,853)19 S&P500 3400 PUT 8/20/21 GS (43,912)20 S&P500 3425 PUT 7/16/21 GS (24,285)21 S&P500 3450 PUT 7/16/21 GS (23,372)22 S&P500 3475 PUT 7/16/21 GS (23,060)23 S&P500 3500 PUT 12/31/21 BAML (57,126)24 S&P500 3550 PUT 1/15/21 GS (35,421)25 S&P500 3550 PUT 12/31/21 BAML (57,231)26 S&P500 3600 PUT 12/31/21 BAML (57,054)27 S&P500 3625 PUT 4/16/21 GS (55,332)28 S&P500 3650 PUT 4/16/21 GS (54,948)29 S&P500 3675 PUT 4/16/21 GS (54,264)30 S&P500 3725 PUT 4/30/21 BAML (31,496)31 S&P500 3750 PUT 4/30/21 BAML (30,703)32 S&P500 3775 PUT 4/30/21 BAML (29,757)33 S&P500 3800 PUT 7/30/21 GS (102,095)34 S&P500 3800 PUT 7/30/21 GS (32,512)35 S&P500 3800 PUT 8/20/21 GS (162,736)36 S&P500 3800 PUT 8/20/21 GS (96,261)37 S&P500 3825 PUT 7/16/21 GS (61,290)38 S&P500 3850 PUT 7/16/21 GS (59,488)39 S&P500 3875 PUT 7/16/21 GS (58,977)40 S&P500 3900 PUT 6/18/21 BAML (61,427)41 S&P500 3900 PUT 6/30/21 GS (86,805)42 S&P500 3975 PUT 5/28/21 BAML (41,682)43 S&P500 4000 PUT 5/28/21 BAML (41,925)44 S&P500 4000 PUT 12/31/21 BAML (124,679)45 S&P500 4025 PUT 5/28/21 BAML (41,333)46 S&P500 4050 PUT 12/31/21 BAML (125,884)47 S&P500 4100 PUT 12/31/21 BAML (126,496)48 S&P500 4150 PUT 11/19/21 GS (47,464)49 S&P500 4150 PUT 12/17/21 GS (33,993)50 S&P500 4200 PUT 11/19/21 GS (47,276)51 S&P500 4200 PUT 12/17/21 GS (34,078)52 S&P500 4250 PUT 11/19/21 GS (47,226) TOTAL SECTION 165 LOSS TRANSACTIONS (FOR REFERENCE PURPOSES ONLY) ($3,469,003)

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BAIDU INC - A1 66,074 66,074
    MEDTRONIC PLC 125,692 125,692
    TENCENT HOLDINGS LTD-UNS ADR 135,933 135,933
    PINTEREST INC-CLASS A 158,377 158,377
    AUTODESK INC 241,823 241,823
    WEIBO CORP- SPON ADR 244,835 244,835
    LHC GROUP INC 261,011 261,011
    BIOGEN INC. 324,132 324,132
    FTI CONSULTING INC 350,872 350,872
    CHECK POINT SOFTWARE TECH 369,961 369,961
    VISA INC - CLASS A SHARES 372,308 372,308
    ADOBE INC 375,961 375,961
    HEALTHCARE CAPITAL CORP-CL A 383,825 383,825
    SHOPIFY INC- CLASS A 389,801 389,801
    GLOBAL X ROBOTICS 390,416 390,416
    SPDR S&P SEMICONDUCTOR ETF 401,927 401,927
    ROBO GLOBAL ROBOTICS AND AUT 405,586 405,586
    SNOWFLAKE INC-CLASS A 416,663 416,663
    BALCHEM CORP 419,645 419,645
    INTUITIVE SURGICAL INC. 426,130 426,130
    WPP PLC-SPONSORED ADR 435,546 435,546
    MICROSFOT CORP 450,332 450,332
    VEEVA SYSTEMS INC-CLASS A 451,689 451,689
    ELBIT SYSTEMS LTD 462,663 462,663
    TYLER TECHNOLOGIES INC 516,970 516,970
    MANHATTAN ASSOCIATES INC 521,047 521,047
    NVIDIA CORP 547,633 547,633
    BLOCK INC. 592,257 592,257
    BIO-TECHNE CORP 644,088 644,088
    ALIBABA GROUP HOLDING LTD 759,068 759,068
    SALESFORCE.COM INC 867,854 867,854
    BERKSHIRE HATHAWAY INC-CL B 1,143,077 1,143,077
    NICE SYSTEMS LTD-SPONS ADR 1,178,879 1,178,879
    BERKSHIRE HATHAWAY 1,219,920 1,219,920
    META PLATFORMS INC-CLASS A 1,251,222 1,251,222
    PAYPAL HOLDINGS INC 1,306,671 1,306,671
    AMAZON.COM INC 1,350,408 1,350,408
    NETFLIX INC 1,527,185 1,527,185
    ALHPABET INC-CL C 2,213,596 2,213,596
    APPLE INC 4,672,932 4,672,932

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    US Government Securities - End of Year Book Value:

    12,472,842
    US Government Securities - End of Year Fair Market Value:

    12,472,842
    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:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    D. PARTNERS (BVI) FMV 29,985 29,985
    ROUND HILL MUSIC ROYALTY FUND FMV 31,068 31,068
    VUNIVERSE, INC. FMV 50,000 50,000
    FABRIC GLOBAL FMV 50,000 50,000
    SANDLER CAPITAL FMV 70,753 70,753
    D PARTNERS II-ANNEX FUND FMV 155,032 155,032
    TAMARIX EQUITY PARTNERS I - LOAN FMV 330,000 330,000
    VINTAGE VENTURES FMV 358,779 358,779
    HUDSON VEGAS INVESTMENT SPV FMV 378,339 378,339
    TAMARIX CAPITAL PARTNERS II FMV 496,566 496,566
    D. PARTNERS II FMV 509,034 509,034
    SEVEN OAKS SPONSOR LLC FMV 1,500,000 1,500,000
    TAMARIX EQUITY FMV 2,149,025 2,149,025
    ROUND HILL MUSIC ROYALTY FD III FMV 2,768,552 2,768,552
    V PARTNERS III FMV 3,361,275 3,361,275
    ROUND HILL MUSIC ROYALTY FD II FMV 4,581,606 4,581,606
    VIOLA PARTNERS FUND 4 2013 FMV 10,736,497 10,736,497
    PICTET- #588577 FMV 11,949,175 11,949,175
    BAUPOST FMV 71,506,370 71,506,370

    TY 2021 LegalFeesSchedule
    Name:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 82,596 0 0 82,596


    TY 2021 OtherAssetsSchedule
    Name:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID INSURANCE 94,933 77,313 77,313
    ACCRUED INTEREST RECEIVABLE 39,105 32,536 32,536
    LOANS RECEIVABLE 57,137 31,777 31,777
    INVESTMENT IN FINDLAY PROPERTI 64,256 62,863 62,863
    OTHER PREPAID EXPENSES 17,709 87,822 87,822
    DB PENSION PLAN 1,739,695 0 0
    PREPAID TAXES 1,138,535 218,471 218,471


    TY 2021 OtherDecreasesSchedule
    Name:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    Description Amount
    UNREALIZED FOREIGN CURRENCY LOSS 356,083


    TY 2021 OtherExpensesSchedule
    Name:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 100,474 16,860 0 106,963
    WORKERS COMP INSURANCE & DBL 6,501 0 0 6,501
    STATE FILING FEES 3,550 2,050 0 1,500
    BUILDING MAINTENANCE & REPAIRS 185,392 1,144 0 184,248
    TELEPHONE AND UTILITIES 153,771 46,808 0 106,963
    MISCELLANEOUS EXPENSES 442,738 100 0 442,638


    TY 2021 OtherIncomeSchedule2
    Name:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FOREIGN CURRENCY GAIN 227,186 227,186 0
    MISCELLANEOUS -3,880 -3,880 0
    FROM PARTNERSHIPS 13,394,731 11,679,357 0


    TY 2021 OtherIncreasesSchedule
    Name:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 1,504,108


    TY 2021 OtherLiabilitiesSchedule
    Name:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED TAXES 0 99,185


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 297,161 0 0 297,161
    INVESTMENT MANAGEMENT FEES 5,193,111 5,193,111 0 0
    PROPERTY MANAGEMENT FEES 23,742 23,742 0 0


    TY 2021 TaxesSchedule
    Name:
    KEREN KESHET - THE RAINBOW FOUNDATION
    EIN:
    13-4069592
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL ESTATE TAXES 197,318 197,318 0 0
    FOREIGN WITHHOLDING TAXES 9,531 9,531 0 0
    FEDERAL TAXES 476,308 0 0 0