Form990-PF
Click to see attachment
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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 ADVERTISING EDUCATIONAL FOUNDATION
INC
Number and street (or P.O. box number if mail is not delivered to street address)155 EAST 44TH ST 3RD FL
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10017
A Employer identification number

13-3228986
B Telephone number (see instructions)

(212) 986-8060
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$8,590,657J 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) 1,095,849
2 Check bullet.............
3 Interest on savings and temporary cash investments 184 184 184
4 Dividends and interest from securities... 113,942 113,942 113,942
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,105,195
b Gross sales price for all assets on line 6a 37,665,074
7 Capital gain net income (from Part IV, line 2)... 2,105,195
8 Net short-term capital gain......... 1,246,547
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 118,500 60,000 118,500
12 Total. Add lines 1 through 11........ 3,433,670 2,279,321 1,479,173
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 382,835 0 0 382,835
14 Other employee salaries and wages...... 898,112 0 0 766,111
15 Pension plans, employee benefits....... 220,238 0 0 220,238
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 219,684 67,688 67,688 119,565
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 22,433 0 0 22,433
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 33 0 0 33
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 204,898 0 143,662 61,236
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,948,233 67,688 211,350 1,572,451
25 Contributions, gifts, grants paid....... 15,000 15,000
26 Total expenses and disbursements. Add lines 24 and 25 1,963,233 67,688 211,350 1,587,451
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,470,437
b Net investment income (if negative, enter -0-) 2,211,633
c Adjusted net income (if negative, enter -0-)... 1,267,823
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............. 88,874 131,990 131,990
2 Savings and temporary cash investments......... 457,542 59,157 59,157
3 Accounts receivable bullet148,171
Less: allowance for doubtful accounts bullet   66,798 148,171 148,171
4 Pledges receivable bullet168,750
Less: allowance for doubtful accounts bullet   73,450 168,750 168,750
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.......... 36,406 15,405 15,405
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,918,000 Click to see attachment3,643,417 3,643,417
c Investments—corporate bonds (attach schedule)....... 256,950 Click to see attachment4,423,767 4,423,767
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 902,241 0 0
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) 7,800,261 8,590,657 8,590,657
Liabilities 17 Accounts payable and accrued expenses.......... 100,001 195,937
18 Grants payable.................    
19 Deferred revenue................. 42,450 78,900
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 attachment57,982 Click to see attachment76,482
23 Total liabilities (add lines 17 through 22)......... 200,433 351,319
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............ 7,599,828 8,239,338
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)..... 7,599,828 8,239,338
30 Total liabilities and net assets/fund balances (see instructions). 7,800,261 8,590,657
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
7,599,828
2
Enter amount from Part I, line 27a .....................
2
1,470,437
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
39,996
4
Add lines 1, 2, and 3 ..........................
4
9,110,261
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
870,923
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,239,338
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      
b PUBLICLY TRADED SECURITIES      
c
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 33,045,937   32,187,289 858,648
b 4,619,137   3,372,590 1,246,547
c
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       858,648
b       1,246,547
c
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 2,105,195
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 1,246,547
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 30,742
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 30,742
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 8,350
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 8,350
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 22,392
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 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)
    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
    Yes
     
    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 ofbulletCHRISTINE MANNA CO ANA Telephone no.bullet (212) 697-5950

    Located atbullet155 EAST 44TH ST 3RD FLNEW YORKNY ZIP+4bullet10017
    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)
    Yes
     
    (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)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
    Yes
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    MR GORDON MCLEAN PRESIDENT & CEO
    35.00     		302,831 33,766 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS CHRISTINE MANNA PRESIDENT & COO OF ANA
    1.20     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR CHRIS MACDONALD CHAIRMAN
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR DAVID J MOORE TREASURER / VICE CHAIR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS VITA HARRIS VICE CHAIR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR BILL IMADA VICE CHAIR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR PAT LAFFERTY VICE CHAIR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS NANCY RABSTEJNEK NICHOLS VICE CHAIR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS ANN RUBIN VICE CHAIR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR ERIC AUSTIN DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR LOU AVERSANO DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS JUDITH BOOKBINDER DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR DAVID BROT DIRECTOR (THRU AUG 2021)
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR JEFF BUCHAN DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR TIMOTHY CASTELLI DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR DANIEL CHERRY III DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS LISA COLEMAN PH D DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR PETER DENUNZIO DIRECTOR (THRU SEPT 2021)
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS VAL DIFEBO DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR OWEN J DOUGHERTY DIRECTOR (THRU DEC 2021)
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR JOHN DUNLEAVY DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS DAISY EXPOSITO-ULLA DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS NERMIN EYUBOGLU PHD DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS BELLE FRANK DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR VINCE HUDSON DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS CAROLE IRGANG DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR TIM JONES DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS MARLA KAPLOWITZ DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS EILEEN KIERNAN DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR PAUL KURNIT DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR CLARENCE LEE PHD DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS DAWN LERMAN PHD DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR ROBERT D LIODICE DIRECTOR
    1.75     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR JASON LONSDALE DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR PETER J MCGUINESS III DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR DAVID N MECHLIN DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR WILLIAM M O'BARR PHD DIRECTOR - SEE STATEMENT 19
    1.00     		80,004 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS TIFFANY PERKINS-MUNN PHD DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR JEF RICHARDS JD PHD DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR HAYES ROTH DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS CYNTHIA ROUND DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR DAVID RUBIN DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR VAN SAPP DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS JENNIFER SCANLON PHD DIRECTOR (THRU OCT 2021)
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR DENIS SISON DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR ANDREA SPIEGEL DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR ANDREW SUSMAN DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR MARK TRUSS DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR BARRY WACKSMAN DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    PROF WILLIAM H WEINTRAUB DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR CARLOS ZEPEDA DIRECTOR
    1.00     		0 0 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    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
    MS MARNI GORDON SVP, PARTNERSHIPS
    35.00     		185,444 37,804 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MR ELLIOT LUM SVP, TALENT STRATEGY
    35.00     		157,644 11,480 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS SHARON HUDSON VP, PROGRAM MANAGER
    35.00     		110,972 22,257 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS MARCIA SOLING VP, CONTENT MANAGER
    35.00     		107,017 13,687 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    MS SARAH PARRISH VP, PROGRAM MANAGER
    35.00     		66,185 9,519 0
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    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
    EDWARD TIMKE EDITORIAL SERVICES 75,925
    1515 7TH STREET
    MENOMINEE,MI49585
    THE PIERRE NEW YORK CATERING SERVICES 66,576
    BOX 90091 DUKE UNIVERSITY
    DURHAM,NC27708
    DUKE UNIVERSITY EDITORIAL SERVICES 63,492
    BOX 90091 DUKE UNIVERSITY
    DURHAM,NC27708
    ROBERT STEPHENS WEALTH MANAGEMENT INVESTMENT MANAGEMENT 54,307
    201 MISSION ST SUITE 510
    SAN FRANCISCO,CA94105
    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 ACADEMIC PROGRAMS -AEF HAS TWO MAIN ACADEMIC PROGRAMS: ADVERTISING & SOCIETY QUARTERLY (ASQ) AND ADTEXT. ASQ IS A PEER-REVIEWED SCHOLARLY JOURNAL PUBLISHED BY THE AEF AND DISTRIBUTED BY THE JOHNS HOPKINS UNIVERSITY PRESS (JHUP) PROJECT MUSE. AEF ALSO HOLDS AN ANNUAL ASQ COLLOQUIUM THAT GATHERS LEADING SCHOLARS. ADTEXT IS AN ONLINE TEXTBOOK, FOR USE IN WHOLE OR PART, IN COLLEGE COURSES. THE TEXTBOOK EXAMINES THE PLACE OF ADVERTISING IN AMERICAN AND GLOBAL SOCIETY. SINGLE CHAPTERS ON SPECIFIC TOPICS ARE USED AS SUPPLEMENTS IN COURSES ON GENDER, ETHICS, REGIONAL STUDIES, AMERICAN HISTORY, AND GLOBALIZATION. THE FULL SET OF CHAPTERS IS USED AS A MAIN OR SUPPLEMENTARY TEXTBOOK FOR COURSES ON ADVERTISING AND SOCIETY. 221,768
    2 INTERNSHIP PROGRAM -THE MARKETING AND ADVERTISING EDUCATION (MADE) INTERNSHIP PROGRAM WAS LAUNCHED IN 2018. IT PLACES STUDENTS IN PAID SUMMER INTERNSHIPS AND CONNECTS STUDENTS TO THE ADVERTISING AND MARKETING INDUSTRY THROUGH AN ONLINE PLATFORM. ORGANIZATIONS CAN SELECT TOP TALENT FROM A POOL THAT SPANS RACIAL, ETHNIC, GEOGRAPHIC, AND SOCIOECONOMIC GROUPS, RESULTING IN A MORE REPRESENTATIVE INDUSTRY. 18,091
    3 EDUCATIONAL CONFERENCES, MEETING AND EVENTS - AEF HOLDS VARIOUS MEETING AND EVENTS TO ENGAGE: 1) THE MARKETING AND ADVERTISING COMMUNITY, 2) ACADEMIC INSTITUTIONS, 3) PROFESSORS, AND 4) STUDENTS. AEF OFFERS CLASSROOM GUEST SPEAKERS WHO ARE VISITING MARKETING AND ADVERTISING PROFESSIONALS AND ANNUAL VISITING PROFESSOR FELLOWSHIPS THAT PARTNER ACADEMICS WITH AGENCIES AND MARKETING ORGANIZATIONS, COMPELLING THOUGHT LEADERSHIP SYMPOSIA.ALL EDUCATIONAL CONFERENCES, MEETINGS AND EVENTS WERE VIRTUAL AT NO COST. 0
    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
    7,550,801
    b
    Average of monthly cash balances.......................
    1b
    553,670
    c
    Fair market value of all other assets (see instructions)................
    1c
    254,490
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,358,961
    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
    8,358,961
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    125,384
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    8,233,577
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    411,679
    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
     
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
     
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
     
    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  
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$  
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    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
    411,679 146,673 112,584 73,443 744,379
    b 85% (0.85) of line 2a ......... 349,927 124,672 95,696 62,427 632,722
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		1,587,451 1,460,889 1,580,498 1,677,131 6,305,969
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		15,000 0 0 0 15,000
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		1,572,451 1,460,889 1,580,498 1,677,131 6,290,969
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		274,453 238,310 283,913 341,676 1,138,352
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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:
    SHARON HUDSON VP PROGRAM MANAGER
    155 EAST 44TH ST 3RD FL
    NEW YORK,NY10017
    (212) 986-8060
    SH@AEF.COM
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS ARE SENT TO, AND SELECTED BY, A SELECTION COMMITTEE. APPLICATIONS MUST INCLUDE THE FOLLLOWING: - LETTER OF RECOMMENDATION FROM A PROFESSOR AND/OR DEAN - STUDENTS NEED TO SUBMIT A RESUME - STUDENTS NEED TO WRITE A STATEMENT EXPLAINING WHY THEY ARE PASSIONATE ABOUT PURSUING A CAREER IN MARKETING AND ADVERTISING - STUDENTS NEED TO CREATE A 2-MINUTE VIDEO ABOUT THEIR INTERESTS, ACCOMPLISHMENTS, RELATING TO ADVERTISING, MARKETING, ETC.
    cAny submission deadlines:
    JANUARY 15, 2021
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE SCHOLARSHIP WAS GRANTED TO ONLY 6 HBCU STUDENTS WHO ASPIRE TO WORK IN MARKETING, ADVERTISING OR COMMUNICATION INDUSTRY AND WERE IN THEIR SOPHOMORE YEAR, WITH AN EXPECTED GRADUATION DATE OF MAY 2023.
    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
    ALANHA KNIGHT
    2911 HOLLISTER AVE
    NORFOLK,VA23504     		N/A I FINANCIALLY SUPPORT HBCU STUDENTS WHO ASPIRE TO WORK IN MARKETING, ADVERTISING OR COMMUNICATION INDUSTRY 2,500
    BRECHA BYRD
    5538 ROLFE HWY
    ELBERON,VA23846     		N/A I FINANCIALLY SUPPORT HBCU STUDENTS WHO ASPIRE TO WORK IN MARKETING, ADVERTISING OR COMMUNICATION INDUSTRY 2,500
    KAMAURI WINDER
    1309 SHERWOOD AVE
    BALTIMORE,MD21239     		N/A I FINANCIALLY SUPPORT HBCU STUDENTS WHO ASPIRE TO WORK IN MARKETING, ADVERTISING OR COMMUNICATION INDUSTRY 2,500
    KENNEDY SAMPSON
    9078 HANLEY COURT
    WALDORF,MD20603     		N/A I FINANCIALLY SUPPORT HBCU STUDENTS WHO ASPIRE TO WORK IN MARKETING, ADVERTISING OR COMMUNICATION INDUSTRY 2,500
    KRISTEN THOMAS
    1010 RIDGEVIEW LANE
    BISHOP,GA30621     		N/A I FINANCIALLY SUPPORT HBCU STUDENTS WHO ASPIRE TO WORK IN MARKETING, ADVERTISING OR COMMUNICATION INDUSTRY 2,500
    WIDMARK CADET
    14507 GLENMORGAN DR
    CHESTER,VA23831     		N/A I FINANCIALLY SUPPORT HBCU STUDENTS WHO ASPIRE TO WORK IN MARKETING, ADVERTISING OR COMMUNICATION INDUSTRY 2,500
    Total .................................bullet 3a 15,000
    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 ...........     		    14 184  
    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 2,105,195  
    9 Net income or (loss) from special events:     01    
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aROYALTIES     		    15 60,000  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 2,279,321 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,279,321
    (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)
    Yes
     
    (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
    Yes
     
    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
    1b(4) 1,102,159 ASSOCIATION OF NATIONAL ADVERTISERS INC THE ASSOCIATION OF NATIONAL ADVERTISERS, INC. (ANA) PAYS FOR CERTAIN EXPENSES ON BEHALF OF THE AEF. ANA ALSO COLLECTS CONTRIBUTIONS FROM ITS MEMBERS THAT HAVE BEEN DESIGNATED FOR AEF. TOTAL REIMBURSEMENTS PAID DURING THE TAX YEAR WAS $1,102,159.
    1c 374,709 ASSOCIATION OF NATIONAL ADVERTISERS INC THE ASSOCIATION OF NATIONAL ADVERTISERS, INC. (ANA) PROVIDES ADMINISTRATIVE, MANAGEMENT, OPERATIONAL AND SUPPORT ELEMENTS TO AEF AT NO CHARGE. THIS INCLUDES A PROVISION FOR OFFICE SPACE, ADMINISTRATION AND MAINTENANCE OF TELEPHONE AND INTERNET SERVICES, IT SUPPORT AND MAINTENANCE, AUDIT, ACCOUNTING AND LEGAL SERVICES, AND COMMUNICATIONS AND MARKETING. THE ESTIMATED FAIR MARKET VALUE OF SUCH SUPPORT SERVICES PROVIDED DURING THE TAX YEAR WAS $374,709.
    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
    ASSOCIATION OF NATIONAL ADVERTISERS INC 501(C)(6) THE ASSOCIATION OF NATIONAL ADVERTISERS, INC. (ANA) IS THE SOLE MEMBER OF THE AEF.
    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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    THE ADVERTISING EDUCATIONAL FOUNDATION
    INC
    Employer identification number

    13-3228986
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    THE ADVERTISING EDUCATIONAL FOUNDATION
    INC         		Employer identification number
    13-3228986
    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
    BLACKROCK
     
    55 EAST 52ND STREET
     
    NEW YORK, NY10055

    		$ 61,600


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    BANK OF AMERICA
     
    100 FEDERAL STREET
     
    BOSTON, MA02110

    		$ 50,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    MCCANN NEW YORK
     
    622 3RD AVE
     
    NEW YORK, NY10017

    		$ 48,150


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    ABBOTT LABS
     
    100 ABBOTT PARK ROAD
     
    ABBOTT PARK, IL60064

    		$ 46,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    IPG
     
    909 3RD STREET
     
    NEW YORK, NY10022

    		$ 43,800


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    IBM
     
    1 NEW ORCHARD ROAD
     
    ARMONK, NY10504

    		$ 43,400


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Name of organization
    THE ADVERTISING EDUCATIONAL FOUNDATION
    INC         		Employer identification number
    13-3228986
    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
    7
    AMERICAN EXPRESS
     
    200 VESEY STREET
     
    NEW YORK, NY10285

    		$ 34,200


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    FCB
     
    100 WEST 33RD STREET 5TH FLOOR
     
    NEW YORK, NY10001

    		$ 28,400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    DISNEY
     
    77 WEST 66TH STREET
     
    NEW YORK, NY10023

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    UM
     
    100 WEST 33RD STREET
     
    NEW YORK, NY10001

    		$ 22,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    VMLY&R
     
    3 COLUMBUS CIRCLE
     
    NEW YORK, NY10019

    		$ 21,150


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
    DEUTSCH
     
    330 W 34TH STREET
     
    NEW YORK, NY10017

    		$ 19,200


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Name of organization
    THE ADVERTISING EDUCATIONAL FOUNDATION
    INC         		Employer identification number
    13-3228986
    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
    13
    CLOROX
     
    1221 BROADWAY
     
    OAKLAND, CA94612

    		$ 18,800


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    14
    KOHL'S
     
    N95 W18000 APPLETON AVE
     
    MENOMONEE, WI53051

    		$ 18,800


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    15
    STJUDE CHILDREN'S RESEARCH HOSPITAL
     
    501 ST JUDE PLACE
     
    MEMPHIS, TN38015

    		$ 18,800


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    16
    GROUP CONNECT
     
    35 WACKER DRIVE
     
    CHICAGO, IL60601

    		$ 18,750


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    17
    IHEART
     
    125 WEST 55TH STREET
     
    NEW YORK, NY10017

    		$ 18,400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    18
    SEPHORA
     
    1535 BROADWAY
     
    NEW YORK, NY10036

    		$ 18,400


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Name of organization
    THE ADVERTISING EDUCATIONAL FOUNDATION
    INC         		Employer identification number
    13-3228986
    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
    19
    DELOITTE DIGITAL
     
    330 HUDSON STREET
     
    NEW YORK, NY10010

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    20
    HEARST
     
    300 WEST 57TH STREET 12TH FLOOR
     
    NEW YORK, NY10019

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    21
    MEDIALINK
     
    1901 AVE OF THE STARS
     
    LOS ANGELES, CA90067

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    22
    IW GROUP
     
    215 PARK AVE SOUTH
     
    NEW YORK, NY10003

    		$ 13,650


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    23
    VSA PARTNERS
     
    95 MORTON STREET
     
    NEW YORK, NY10014

    		$ 13,650


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    24
    CHOBANI
     
    200 LAFAYETTE STREET
     
    NEW YORK, NY10012

    		$ 13,050


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Name of organization
    THE ADVERTISING EDUCATIONAL FOUNDATION
    INC         		Employer identification number
    13-3228986
    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
    25
    LOREAL
     
    10 HUDSON YARDS
     
    NEW YORK, NY10017

    		$ 13,050


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    26
    BRITEPOOL
     
    31 PENN PLAZA 132 WEST 31ST STREET
     
    NEW YORK, NY10001

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    27
    J WALTER THOMPSON
     
    466 LEXINGTON AVE
     
    NEW YORK, NY10017

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    28
    MASTERCARD
     
    2000 PURCHASE STREET
     
    PURCHASE, NY10577

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    29
    VERIZON
     
    ONE VERIZON WAY
     
    BASKING RIDGE, NJ07920

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    30
    DENTSU
     
    601 WEST 26TH STREET
     
    NEW YORK, NY10014

    		$ 9,400


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Name of organization
    THE ADVERTISING EDUCATIONAL FOUNDATION
    INC         		Employer identification number
    13-3228986
    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
    31
    EOS
     
    19 W44TH ST
     
    NEW YORK, NY10036

    		$ 9,400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    32
    FACEBOOK
     
    225 PARK AVE SOUTH
     
    NEW YORK, NY10003

    		$ 9,400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    33
    FORBES
     
    499 WASHINGTON BLVD
     
    JERSEY CITY, NJ07310

    		$ 9,400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    34
    MCCORMICK
     
    330 WEST 34TH STREET
     
    HUNT VALLEY, MD21031

    		$ 9,400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    35
    NIELSEN
     
    675 AVENUE OF THE AMERICAS
     
    NEW YORK, NY10010

    		$ 9,400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    36
    REAL CHEMISTRY
     
    50 FRANCISCO STREET
     
    SAN FRANCISCO, CA94133

    		$ 9,400


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Name of organization
    THE ADVERTISING EDUCATIONAL FOUNDATION
    INC         		Employer identification number
    13-3228986
    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
    37
    UNILEVER
     
    800 SYLVAN AVENUE
     
    ENGLEWOOD CLIFF, NJ07632

    		$ 9,400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    38
    US BANCORP
     
    200 SOUTH 6TH STREET
     
    MINNEAPOLIS, MN55402

    		$ 9,400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    39
    VIACOMCBS
     
    1515 BROADWAY
     
    NEW YORK, NY10036

    		$ 9,400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    40
    WWE
     
    1266 EAST MAIN ST
     
    STAMFORD, CT06902

    		$ 9,400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    41
    AARP
     
    602 E ST NW
     
    WASHINGTON, DC20049

    		$ 9,200


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    42
    ANHEUSER
     
    125 WEST 24TH STREET
     
    NEW YORK, NY10011

    		$ 9,200


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Name of organization
    THE ADVERTISING EDUCATIONAL FOUNDATION
    INC         		Employer identification number
    13-3228986
    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
    43
    GM
     
    300 RENAISSANCE CENTER
     
    DETROIT, MI48265

    		$ 9,200


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    44
    HEWLETT PACKARD
     
    1501 PAGE MILL ROAD
     
    PAL ALTO, CA94304

    		$ 9,200


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    45
    INVESCO GROUP SERVICES
     
    PO BOX 78367
     
    ATLANTA, GA30357

    		$ 9,200


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    46
    SANOFI
     
    1715 W 38TH STREET
     
    CHATTANOOGA, TN37409

    		$ 9,200


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    47
    MOET HENNESSY
     
    85 10TH AVENUE
     
    NEW YORK, NY10011

    		$ 7,400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    48
    EPSILON
     
    6021 CONNECTION DRIVE
     
    TEXAS, TX75039

    		$ 6,250


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Name of organization
    THE ADVERTISING EDUCATIONAL FOUNDATION
    INC         		Employer identification number
    13-3228986
    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
    49
    D'EXPOSITO & PARTNERS LLC
     
    875 6TH AVENUE
     
    NEW YORK, NY10001

    		$ 5,650


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    50
    DIGITAL ADVERTISING ALLIANCE
     
    315 W 36TH STREET
     
    NEW YORK, NY10018

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    51
    PROTO INNOVATION
     
    3 WORLD TRADE CENTER - 34TH FL
     
    NEW YORK, NY10007

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    THE ADVERTISING EDUCATIONAL FOUNDATION
    INC         		Employer identification number

    13-3228986
    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)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    THE ADVERTISING EDUCATIONAL FOUNDATION
    INC         		Employer identification number

    13-3228986
    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 $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 GeneralExplanationAttachment
    Name:
    THE ADVERTISING EDUCATIONAL FOUNDATION
     
    INC
    EIN:
    13-3228986
    Identifier Return Reference Explanation
    INFORMATION ABOUT OFFICERS AND DIRECTORS FORM 990-PF, PART VIII, LINE 2: THE COMPENSATION INCURRED FOR WILLIAM O'BARR AS THE DIRECTOR FOR EDITORIAL SERVICES WAS $80,004 DURING 2021. THESE SERVICES WERE REASONABLE AND NECESSARY IN CARRYING OUT THE EXEMPT PURPOSES OF THE PRIVATE FOUNDATION.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE ADVERTISING EDUCATIONAL FOUNDATION
     
    INC
    EIN:
    13-3228986
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ETF ISHARES IBOXX $ INVEST 892,257 892,257
    ISHARES 20+ YEAR TREASURY BOND 875,062 875,062
    ISHARES JPM USD EMERGING MARKETS BOND 225,645 225,645
    PIMCO ENHANCED SHORT MATURITY ACTIVE ETF 2,209,342 2,209,342
    SPDR BC HIGH YIELD BOND ETF 113,347 113,347
    VANGUARD TOTAL INTL BD IDX ETF 108,114 108,114

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE ADVERTISING EDUCATIONAL FOUNDATION
     
    INC
    EIN:
    13-3228986
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESCO QQQ TRUST SERIES 1 1,119,948 1,119,948
    ISHARES TR CORE S&P 550,908 550,908
    SPDR S&P 500 ETF 846,912 846,912
    VANGUARD DIVIDEND APPRECIATION ETF 1,125,649 1,125,649

    TY 2021 OtherDecreasesSchedule
    Name:
    THE ADVERTISING EDUCATIONAL FOUNDATION
     
    INC
    EIN:
    13-3228986
    Description Amount
    NET UNREALIZED GAIN/LOSS ON INVESTMENTS 870,923


    TY 2021 OtherExpensesSchedule
    Name:
    THE ADVERTISING EDUCATIONAL FOUNDATION
     
    INC
    EIN:
    13-3228986
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ANNUAL GALA EXPENSES 143,662 0 143,662 0
    WEBSITE 2,707 0 0 2,707
    HOSTING/PROGRAMS 18,091 0 0 18,091
    TALENT PROJECT 87 0 0 87
    OFFICE EXPENSES 4,347 0 0 4,347
    DUES AND SUBSCRIPTIONS 9,424 0 0 9,424
    INSURANCE 1,748 0 0 1,748
    OTHER OPERATING EXPENSES 6,244 0 0 6,244
    BAD DEBT EXPENSES 10,100 0 0 10,100
    ADVERTISING 8,488 0 0 8,488


    TY 2021 OtherIncomeSchedule2
    Name:
    THE ADVERTISING EDUCATIONAL FOUNDATION
     
    INC
    EIN:
    13-3228986
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTIES 60,000 60,000 60,000
    GROSS INCOME FROM SPECIAL FUNDRAISING EVENTS 58,500   58,500


    TY 2021 OtherIncreasesSchedule
    Name:
    THE ADVERTISING EDUCATIONAL FOUNDATION
     
    INC
    EIN:
    13-3228986
    Description Amount
    PRIOR PERIOD ADJUSTMENT 39,996


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE ADVERTISING EDUCATIONAL FOUNDATION
     
    INC
    EIN:
    13-3228986
    Description Beginning of Year - Book Value End of Year - Book Value
    DUE TO AFFILIATE 57,982 76,482


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE ADVERTISING EDUCATIONAL FOUNDATION
     
    INC
    EIN:
    13-3228986
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CITIBANK 7,980 7,980 7,980 0
    FAIRPOINTE CAPITAL INVESTMENT 59,708 59,708 59,708 0
    DUKE UNIVERSITY 64,996 0 0 32,565
    EDWARD TIMKE 75,000 0 0 75,000
    KRISTINA DESROSIERS 12,000 0 0 12,000


    TY 2021 TaxesSchedule
    Name:
    THE ADVERTISING EDUCATIONAL FOUNDATION
     
    INC
    EIN:
    13-3228986
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 22,433 0 0 22,433