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
The Grass Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

04-6049529
B Telephone number (see instructions)

(800) 839-1754
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$30,336,404J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 261 261  
4 Dividends and interest from securities... 228,877 228,877  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,027,766
b Gross sales price for all assets on line 6a 4,304,806
7 Capital gain net income (from Part IV, line 2)... 2,014,911
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 416,545 414,250  
12 Total. Add lines 1 through 11........ 2,673,449 2,658,299  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 232 232 0 0
b Accounting fees (attach schedule)....... Click to see attachment 23,560 0 0 23,560
c Other professional fees (attach schedule).... Click to see attachment 137,248 123,268   13,980
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 12,401      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 18,424     18,424
22 Printing and publications.......... 2,500     2,500
23 Other expenses (attach schedule)....... Click to see attachment 183,185 87,947   84,740
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 377,550 211,447 0 143,204
25 Contributions, gifts, grants paid....... 761,938 761,938
26 Total expenses and disbursements. Add lines 24 and 25 1,139,488 211,447 0 905,142
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,533,961
b Net investment income (if negative, enter -0-) 2,446,852
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 408,801 601,377 601,377
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) bullet134,615
Less: allowance for doubtful accounts bullet0 134,615 Click to see attachment134,615 134,615
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 12,154,622 Click to see attachment12,506,846 14,589,614
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 12,194,574 Click to see attachment13,183,735 15,010,798
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) 24,892,612 26,426,573 30,336,404
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 24,892,612 26,426,573
29 Total net assets or fund balances (see instructions)..... 24,892,612 26,426,573
30 Total liabilities and net assets/fund balances (see instructions). 24,892,612 26,426,573
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
24,892,612
2
Enter amount from Part I, line 27a .....................
2
1,533,961
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
26,426,573
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
26,426,573
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 Passthrough K1 Capital Gain/(Loss)      
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 4,304,806   3,403,269 901,537
b       1,113,374
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        
b        
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 2,014,911
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 34,011
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 34,011
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 23,116
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 13,800
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 36,916
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 169
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,736
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet2,736 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
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)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    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
     
    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
     
     
    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
    Andrew Blum Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Catherine E Carr Pres
    10.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Victor F Chin Trustee, Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Melissa J Coleman Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Elva Diaz Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Kafui Dzirasa Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Andr Fenton Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Bernice Grafstein VP, Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Henry J Grass Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Joshua Grass Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Ronald R Hoy Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Kamran Khodakhah Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Michael A Long Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Matthew B McFarlane Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Vanessa Ruta Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Felix E Schweizer Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Steven J Zottoli Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
    Foundation Source Administrative 79,319
    55 Walls Drive 3rd Fl
    FAIRFIELD,CT06824
    Bank of America Investment Mgmt 78,681
    701 Brickell Avenue 8th Floor
    Miami,FL33131
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    14,432,553
    b
    Average of monthly cash balances.......................
    1b
    522,601
    c
    Fair market value of all other assets (see instructions)................
    1c
    14,972,543
    d
    Total (add lines 1a, b, and c).........................
    1d
    29,927,697
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    29,927,697
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    448,915
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    29,478,782
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,473,939
    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
    1,473,939
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    34,011
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    366
    c
    Add lines 2a and 2b............................
    2c
    34,377
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,439,562
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,439,562
    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
    1,439,562
    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 1,439,562
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:2019, 2018, 2017  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019...... 631,373
    e From 2020......  
    f Total of lines 3a through e ........ 631,373
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 905,142
    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..... 905,142
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 534,420 534,420
    (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 96,953
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		96,953
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019.... 96,953
    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
             
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    GORDON RESEARCH CONFERENCES
    5586 POST RD UNIT 2
    E GREENWICH,RI02818     		N/A PC Charitable Event 2,000
    MARINE BIOLOGICAL LABORATORY
    7 MBL ST
    WOODS HOLE,MA02543     		N/A PC Grass Fellowship Program costs 324,695
    MARINE BIOLOGICAL LABORATORY
    7 MBL ST
    WOODS HOLE,MA02543     		N/A PC Grass Fellowship Coordinator Support 46,450
    MARINE BIOLOGICAL LABORATORY
    7 MBL ST
    WOODS HOLE,MA02543     		N/A PC Neurobiology and Neural Systems and Behavior courses 162,000
    UNIVERSITY OF ARIZONA
    PO BOX 3308
    TUCSON,AZ85733     		N/A GOV The Grass Foundation Outreach Initiative 135,833
    UNIVERSITY OF MARYLAND
    1109 LEE BLDG
    COLLEGE PARK,MD20742     		N/A GOV Faculty support 74,960
    URUGUAY CULTURAL FOUNDATION FOR THE ARTS
    1913 EYE ST NW
    WASHINGTON,DC20006     		N/A PC IBRO-LARC DIY Neuroscience and AI for All Virtual Associate School 2,000
    K Marshall
    889 Date St
    San Diego,CA92101     		None I Grass Fellows Program 500
    K Eichel
    670 De Haro St
    San Francisco,CA94107     		None I Grass Fellows Program 500
    S Agrawal
    948 N 89th St
    Seattle,WA98103     		None I Grass Fellows Program 500
    S Augustin
    5225 Pooks Hill Rd
    Bethesda,MD20814     		None I Grass Fellows Program 500
    J Chapeton
    3000 Connecticut Ave NW
    Washington,DC20008     		None I Grass Fellows Program 500
    Y Cisse
    509 E 35th St
    Baltimore,MD21218     		None I Grass Fellows Program 500
    C Palavicino-Maggio
    11 Sumner Rd
    Cambridge,MA02138     		None I Grass Fellows Program 500
    M Wells
    412 Norfolk St
    Cambridge,MA02139     		None I Grass Fellows Program 500
    N Padilla Coreano
    8554 Villa La Jolla Dr
    La Jolla,CA92037     		None I Grass Fellows Program 10,000
    Total .................................bullet 3a 761,938
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 261  
    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 ............     		525990 12,855 18 2,014,911  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 2,228 14 413,958  
    bFOREIGN TAX REFUND     01 359  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 15,083 2,658,366  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,673,449
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Audit Fees 23,560     23,560

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

    TY 2021 DepreciationSchedule
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2021 GeneralExplanationAttachment
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Identifier Return Reference Explanation
    PART I LINE 6A PART 1 LINE 6A RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $2,014,911 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $12,855 TOTAL PART I, LINE 6A: $2,027,766 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $4,304,806 BOOK BASIS: $3,403,269 NET GAIN/(LOSS): $901,537 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $1,113,374
    FORM 926 FORM 926 The Foundation has prepared these forms to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AAR CORP 10,217 10,265
    ABBOTT LABS 12,293 15,481
    ABBVIE INC 14,321 17,467
    ACCENTURE PLC 8,812 16,997
    ACI WORLDWIDE INC 20,820 25,227
    ADIDAS AG 9,522 8,784
    ADVANCED DRAINAGE SYSTEMS INC 12,235 14,838
    AENA SME S.A. ADR 7,343 6,416
    AERCAP HOLDING N.V 21,440 28,392
    AERIE PHARMACEUTICALS INC 28,300 16,350
    AIA GROUP LTD ADR 27,502 25,724
    AIRBUS GROUP 7,890 8,552
    ALCON INC 19,146 26,920
    ALIBABA GROUP HOLDING LTD 48,173 27,440
    ALIGN TECHNOLOGY, INC 7,296 11,172
    ALLSTATE CORP 10,074 9,647
    ALPHABET INC CL A 18,126 34,764
    ALPHABET INC CL C 18,143 34,723
    ALTRA HLDGS INC 16,369 19,597
    AMADEUS IT HLDS SA 10,337 10,226
    AMAZON COM 33,713 50,015
    AMBARELLA INC 4,708 20,695
    AMDOCS LIMITED 19,376 19,907
    AMER EQ INV LIFE HLD 7,226 9,302
    AMEREN CORPORATION 5,724 6,142
    AMERICAN CAMPUS COMMUNITIES 9,720 11,974
    AMERICAN ELECTRIC POWER INC 21,685 22,065
    AMERICAN WATER WORKS COMPANY I 13,251 18,508
    AMERICAN WOODMARK CORP 16,729 14,996
    AMERISAFE INC 39,546 34,613
    ANALOG DEVICES INC 9,431 13,183
    ANNALY MTG MGMT INC. COM 9,538 8,500
    ANSYS INC 13,268 16,045
    API GROUP CORPORATION 3,875 4,716
    APTAR GROUP INC 5,517 6,369
    APTIV PLC 4,260 9,897
    ARCH CAPITAL GROUP LTD 21,124 23,425
    ARK AUTONOMOUS TECHNOLOGY & RO 149,868 151,556
    ASML HOLDING NV NY REG SHS 6,780 16,719
    ASTRAZENECA 9,710 10,077
    AT&T, INC 6,357 4,256
    AUTODESK, INC 25,456 34,305
    AUTOMATIC DATA PROCESSING INC 13,742 19,480
    AVALONBAY CMNTYS INC 4,909 5,810
    AVERY DENNISON CORP 3,251 5,414
    AVISTA CORP 6,808 5,949
    AXOGEN INC COM 21,611 18,206
    BAE SYSTEMS PLC 8,702 8,162
    BAIRD AGGREGATE BOND FUND CLAS 1,972,576 1,906,229
    BAKER HUGHES COMPANY 1,745 1,901
    BARCLAYS PLC ADR 11,882 14,262
    BAYERISCHE MOTOREN WERKE AG AD 5,015 7,214
    BECTON DICKINSON & CO 7,405 7,293
    BEST BUY INC 14,999 14,021
    BJ'S WHLSL CLUB INC 8,135 14,265
    BLACK HILLS CORP 7,864 6,916
    BLACKROCK INC 7,584 11,902
    BOEING CO 29,669 35,231
    BRIDGESTONE CORP UNSP ADR 7,219 8,323
    BRISTOL-MYERS SQUIBB CO 6,480 6,297
    BROADCOM INC 13,852 27,947
    BROADRIDGE FINANCIAL 11,992 14,991
    BROWN & BROWN INC 17,066 25,582
    BUILDERS FIRST SOURCE INC 5,195 9,942
    BUNZL PLC SPONSORED ADR 8,642 11,619
    BURBERRY GROUP PLC 4,711 4,445
    C T S CP 6,899 8,005
    CACTUS, INC. CLASS A 7,285 9,914
    CADENCE DESIGN SYSTEMS INC 14,987 19,567
    CALRSBERG AS SP ADR REP B 7,943 9,166
    CANADIAN NATL RAILWAY CO 6,772 8,109
    CAP GEMINI SA UNSP/ADR 4,283 8,173
    CARLISLE COS INC 18,625 31,759
    CARPENTER TECH 12,237 16,667
    CATALENT INC 8,094 14,595
    CATCHMARK TIMBER TRUST INC 12,434 10,661
    CBRE GROUP 10,138 22,679
    CDW CORP 10,506 15,768
    CELANESE CORPORATION 5,431 10,588
    CHAMPIONX CORP 7,707 8,569
    CHEESECAKE FACTORY INC 6,849 6,969
    CHEVRON CORP 13,520 15,373
    CHINA MERCHANTS BANK 6,991 6,269
    CHIPOTLE MEX GRILL 7,761 20,979
    CHUBB LIMITED 9,912 12,372
    CHURCH & DWIGHT 12,901 15,478
    CISCO SYSTEMS INC 29,845 39,036
    CME GROUP, INC 9,285 10,509
    CMS ENERGY CP 4,468 4,423
    COLGATE-PALMOLIVE COMPANY 9,262 10,411
    COLUMBIA BANKING SYSTEM, INC 10,339 9,325
    COLUMBUS MCKINNON CORPORATION 10,384 10,131
    COMCAST CORP 17,966 19,629
    COMMVAULT SYSTEMS, INC 10,668 14,680
    COMPAGNIE DE SAINT G 4,357 7,784
    COMPAGNIE FINANCIERE RICHEMONT 5,294 10,510
    COMPASS GROUP PLC ADR 9,309 9,920
    CONOCOPHILLIPS 4,919 6,929
    COOPER COMPANIES INC 12,175 13,825
    COPART INC 11,133 17,285
    COSAN ADR REPRESENTING 7,382 6,910
    COSTAR GROUP, INC 10,088 10,274
    CREDICORP LTD 6,472 4,150
    CROWN CASTLE INTL 5,817 7,306
    CUMMINS INC 6,522 7,417
    CVB FINANCIAL CORPORATION 6,317 6,487
    D R HORTON 26,688 38,500
    DAIMLER AG ADR 5,611 5,945
    DBS GROUP HLDGS SPON ADR 5,522 7,984
    DECKERS OUTDOOR CORPORATION 12,294 12,088
    DEERE CO 14,189 29,489
    DELIVERY HERO 5,051 4,098
    DENNYS CORPORATION 11,978 10,048
    DEUTSCHE POST AG 6,552 9,163
    DEVON ENERGY CORPORATION 2,344 5,903
    DEXCOM, INC 9,695 15,035
    DIAGEO PLC ADS 7,437 10,347
    DIGITAL RLTY TR INC 7,522 10,258
    DIODES 4,327 8,016
    DISCOVER FINL SVCS COM 6,678 11,672
    DIVERSEY HOLDINGS ORD SHS 2,531 2,289
    DNB BANK ASA 5,587 7,321
    DONALDSON CO. INC 10,891 10,845
    DORMAN PRODUCTS INC 12,286 19,890
    DTE ENERGY CO COM 2,510 3,825
    DYCOM INDS INC 7,222 13,970
    EAGLE MATERIALS INC 6,577 12,485
    EAGLE PHARMACEUTICALS INC 6,404 6,009
    EATON CORP PLC 5,117 9,332
    EBAY INC 7,893 9,510
    ELI LILLY & CO 9,092 16,573
    ENPRO INDUSTRIES INC 8,080 15,300
    ENTAIN PLC 8,062 10,470
    ENTERGY CORP 4,538 4,506
    EOG RESOURCES INC 12,912 19,543
    EPAM SYSTEMS INC 13,697 32,754
    EQUINOR ASA 4,221 6,819
    EQUITY LIFESTYLE PRP 1,096 1,490
    ERSTE BK DER OEST SP 4,977 6,573
    ETSY INC 9,898 10,290
    EURONET WORLDWIDE INC 32,487 29,793
    EVERSOURCE ENERGYINC 5,618 5,641
    EVO PAYMENTS INC 48,108 51,021
    EXPEDIA INC 14,426 15,361
    EXPEDITORS INTL WASH INC 10,613 19,203
    EXTRA SPACE STORAGE 3,486 8,162
    EXXON MOBIL CORP 8,672 8,995
    F M C CP 5,537 6,593
    F.N.B CORPORATION 6,734 9,073
    FABRINET INC 7,051 9,478
    FACTSET RESH SYST INC 9,109 15,066
    FANUC LIMITED UNSPONSORED 7,842 8,197
    FASTENAL COMPANY 9,125 13,645
    FERRO CORP 3,696 7,379
    FIFTH THIRD BANCORP 9,427 15,678
    FIRST ENERGY CORP 14,955 12,768
    FIRST FINANCIAL BANCORP 7,471 7,850
    FIRST INDUSTRIAL REALTY TRUST 6,012 8,937
    FIRST INTERSTATE BANCSYSTEM IN 19,620 20,742
    FIRST MIDWEST BANCORP, INC 8,186 9,605
    FIRST TRUST NASDAQ CYBERSECURI 150,100 153,619
    FIVE BELOW INC 7,651 13,241
    FLOOR AND DECOR HOLDINGS 9,236 14,041
    FREEPORT-MCMORAN COPPER & GOLD 7,196 10,140
    FRESENIUS MED CAR AG 7,123 6,297
    FRESH DEL MONTE PROD 8,161 6,983
    FRESHPET INC 7,146 10,003
    G III APPAREL GRP LTD 7,321 7,905
    GATES INDUSTRIAL CORPORATION P 7,492 7,350
    GENERAC HOLDING INC 9,547 19,708
    GLATFELTER 10,089 9,993
    GLAUKOS CORP 17,554 15,376
    GLOBANT SA 8,204 10,993
    GRACO INC 8,759 12,577
    GSK PLC 8,466 8,688
    HARSCO CORP 5,965 6,467
    HDFC BANK LTD ADR 15,161 15,877
    HEALTHCARE REALTY TRUST 9,574 8,574
    HEICO CORP 11,424 13,268
    HELEN OF TROY LIMITED 3,766 4,156
    HESS CORP 3,695 4,664
    HITACHI LTD 5,459 7,911
    HOME DEPOT INC 16,031 27,806
    HONEYWELL INTL 12,931 15,221
    HONG KONG EX&CL UNSP/ADR 5,108 8,295
    HOSTESS BRANDS INC 10,004 12,620
    HUB GROUP, INC 10,235 15,332
    HUMANA INC 12,745 15,307
    HUNT J B 6,696 12,264
    IBERDROLA ADR 14,280 14,210
    ICICI BK LTD ADS 9,693 11,439
    ICON PLC - AMERICAN DEPOSITARY 11,480 20,131
    IDEX CP 13,681 16,306
    IDEXX CORP 6,540 14,486
    ILLUMINA INC COM 14,991 18,261
    INDEPENDENT BANK GROUP INC 8,299 11,111
    INFINEON TECH ADS 6,255 11,500
    INGERSOLL-RAND INC 11,090 14,168
    INSULET CORPORATION 10,111 13,304
    INTEGER HOLDINGS CORP 12,830 12,239
    INTERNATIONAL BUSINESS MACHINE 6,777 7,084
    INTESA SANPAOLO SPA 5,528 6,361
    INTUITIVE SURGICAL 5,659 11,857
    INVITATION HOMES INC. 2,398 4,262
    IRONSOURCE LTD 3,345 2,105
    ISHARES CORE MSCI EAFE ETF 216,503 263,554
    ISHARES RUSSELL 2000 421,428 442,897
    ISHARES S&P 500 INDEX FD 1,129,089 1,629,397
    ISHARES TRUST RUSSELL MIDCAP I 573,610 750,326
    ITT INC 8,202 12,263
    JACK IN THE BOX INC 9,498 12,422
    JACOBS ENGINEERING GP 11,506 16,568
    JD.COM, INC 8,459 7,217
    JELD WEN HOLDING INC 2,908 4,007
    JFROG 19,690 14,939
    JOHNSON & JOHNSON 25,484 29,082
    JP MORGAN CHASE 34,621 41,646
    JULIUS BAER GROUP LTD 5,928 7,832
    JUNIPER NETWORKS 6,371 9,249
    KBC GROUP SA UNSP ADR 6,487 8,663
    KEMPER CORP 11,902 9,112
    KEURIG DR PEPPER INC 15,214 18,467
    KEYSIGHT TECHNOLOGIES INC 10,369 21,890
    KITE RLTY GROUP TRUST 6,354 7,645
    KLA TENCOR CORP 6,725 15,484
    KNORR BREMSE ADR 6,052 5,287
    KNOWLES CORPORATION 15,116 21,692
    KONINKLIJKE PHILIPS ELECTRONIC 11,203 8,770
    KORN FERRY INTL 7,509 14,086
    KORNIT DIGITAL LTD 8,397 7,308
    KUBOTA CORPORATION 5,555 5,474
    KYNDRYL HOLDINGS INC 16 11
    L'AIR LIQUIDE ADR OTC 6,987 7,985
    LAM RESEARCH CORP 7,503 15,821
    LAMB WESTON HOLDINGS INC 26,756 20,535
    LANTHEUS HOLDINGS INC 17,704 31,635
    LATTICE SEMICONDUCTOR 5,361 7,783
    LEAR CORP 13,288 18,844
    LINDE PLC COM 8,323 10,393
    LITTELFUSE, INC 10,229 23,601
    LIVERAMP HOLDINGS INC 35,497 36,250
    LKQ CORPORATION 12,678 20,830
    LOCKHEED MARTIN CORP 8,596 7,464
    LOEWS CORP 9,721 10,397
    LONDON STK EXCHANGE GROUP 8,998 7,761
    LONZA GROUP AG UNSP/ADR 5,669 10,521
    LPL FINANCIAL HOLDINGS INC 8,705 13,127
    MARSH AND MCLENNAN COMPANIES I 12,833 19,120
    MARTIN CURRIE SMA-SHARES SERIE 160,380 195,335
    MASCO CORP 6,468 9,269
    MASTEC INC 11,990 12,919
    MATCH GROUP INC 15,671 12,961
    MCDONALD'S CORP 7,935 9,919
    MCGRATH RENTCORP 8,576 8,588
    MEDTRONIC PLC 12,617 11,586
    MEITUAN DIANPING UNSPONSORED A 21,000 12,892
    MERCADOLIBRE, INC 4,762 9,439
    MERCK & CO INC 13,194 12,952
    MERCK KGAA SPON ADR EACH REPR 4,518 8,753
    META PLATFORMS INC 30,059 47,762
    MICROCHIP TECHNOLOGY INC 11,633 18,457
    MICROSOFT CORP 39,559 71,300
    MINERAL TECH INC 8,366 10,753
    MINTH GROUP UNSPONSORED ADR RE 4,766 5,177
    MONDELEZ INTERNATIONAL INC 5,839 6,565
    MONOLITHIC POWER SYSTEMS, INC 7,790 20,227
    MONRO MUFFLER BRAKE, INC 25,612 29,426
    MONSTER BEVERAGE CORP 18,774 25,835
    MONTROSE ENVIRONMENTAL GRP ORD 8,508 20,307
    MOOG INC CL A 9,497 8,502
    MORGAN STANLEY 10,590 10,209
    MSCI INC 11,051 14,705
    MUELLER WATER PRODUCTS INC 9,931 11,794
    MURATA MFG INC UNSP/ADR 6,364 7,701
    NANOSTRING TECHNOLOGIES INC 21,202 19,637
    NATIONAL GRID TRANSCO PLC 5,742 6,870
    NCR CP 19,112 23,276
    NEOGEN CORPORATION 10,156 12,896
    NEOGENOMICS INC 13,454 13,614
    NESTLE S.A 10,610 13,476
    NEUBERGER BERMAN ALTRNTIVE FDS 633,658 747,751
    NEXTERA ENERGY, INC 6,466 8,963
    NICE SYSTEMS LTD 6,332 6,376
    NORDEA BANK ABP 5,850 8,236
    NORTHERN TRUST CORPORATION 7,928 10,645
    NORTHROP GRUMMAN CORP 12,895 13,547
    NORTHWESTERN CORP 12,393 9,660
    NOV INC 5,119 3,943
    NOVARTIS AG ADR 22,662 21,255
    NOVO NORDISK A S 5,735 10,080
    NVENT ELECTRIC PLC 7,251 9,082
    NVIDIA CORP 15,024 59,116
    OATLY GROUP AB ADS 12,319 11,709
    OIL CO LUKOIL PJSC SPON ADR RE 4,910 6,466
    OMNICELL, INC 7,741 15,879
    ORACLE CORP 23,526 36,803
    OXFORD INDUSTRIES 3,878 5,990
    PACIFIC PREMIER BANCORP INC 5,621 11,529
    PACKAGING CORP AMER 2,599 3,404
    PACWEST BANCORP 4,327 5,375
    PARKER HANNIFIN CP 5,273 8,271
    PARSONS ORD SHS 46,367 42,635
    PATTERSON COMPANIES INC COM 7,091 11,329
    PAYCOM SOFTWARE 12,006 17,023
    PDC ENERGY INC 2,995 7,219
    PEBBLEBROOK HOTEL TR COM 6,172 6,532
    PEPSICO INC 10,380 12,507
    PERNOD-RECARD SA 6,265 9,502
    PERSHING SQUARE TONTINE HOLDIN 10,980 9,406
    PHIBRO ANIMAL HEALTH CORP 4,906 3,900
    PHILIP MORRIS INTL 8,325 9,120
    PHILLIPS 66 3,847 3,985
    PIEDMONT OFFICE REALTY TRUST I 9,657 7,848
    PIMCO INCOME FUND 361,566 359,319
    PING AN INSURANCE GROUP ADR 12,605 8,016
    PINNACLE FINANCIAL PARTNERS IN 11,476 15,471
    PLEXUS CORPORATION INC 9,582 12,274
    PNC FINANCIAL GROUP INC 14,272 21,055
    POOL CORP 9,575 23,772
    PORTFOLIO RECOVERY ASSOCIATES, 11,163 14,561
    PPG INDUSTRIES INC 4,778 5,001
    PROCTER GAMBLE CO 15,979 20,775
    PROGRESS SOFTWARE CORP 7,841 8,544
    PROS HOLDINGS INC 18,419 17,693
    PROSUS NV ADR 5,571 5,199
    PRUDENTIAL HIGH YIELD FUND CLA 244,438 242,775
    PRUDENTIAL SHORT-TERM CORPOROR 1,165,282 1,148,888
    PS BUSINESS PARKS, INC 11,771 13,260
    PT BANK RAKYAT ADR 7,294 6,501
    PT TELEKOM. IND. TBK ADR 3,857 4,146
    PTC INC 8,535 11,025
    QUALCOMM INC 16,647 27,065
    RBC BEARINGS INCORPORATED 9,536 10,099
    RECKITT BENCKISER GROUP 20,714 20,475
    REGENERON PHARMACEUTICALS INC 15,466 22,735
    REGIONS FINANCIAL CORP 8,596 11,816
    RENASANT CORPORATION 7,067 8,994
    REPLIGEN CORP 8,100 15,361
    REPUBLIC SVCS INC 15,890 22,870
    RESMED INC 12,616 18,494
    REYNOLDS CONSUMER PRODUCTS INC 19,069 20,002
    RITCHIE BROS AUCTIONEERS 17,928 20,505
    ROCHE HOLDING LTD ADR 34,911 41,455
    ROYAL DUTCH SHELL CL A 9,173 11,761
    RUSH ENTERPRISES, INC 9,961 18,417
    SALESFORCE.COM 19,540 31,004
    SANDY SPRING BANCORP INC 9,113 12,934
    SAP AKTIENGESELL ADS 17,136 17,374
    SBERBANK SPONSORED ADR 6,219 6,127
    SCHLUMBERGER LTD 10,264 11,082
    SCHNEIDER ELEC UNSP/ADR 9,381 17,174
    SEA LTD 14,012 13,646
    SEI INVESTMENTS 11,693 10,725
    SELECTIVE INS GROUP INC 14,061 17,289
    SHENKMAN SHORT DURATION HIGH I 360,000 366,016
    SIEMENS AG 14,743 16,627
    SIKA AG BEARER SHS 2,960 6,109
    SILICON LABORATORIES, INC 11,626 23,738
    SIMPSON MANUFACTURING CO INC 8,541 14,046
    SMC CORPORATION 8,130 11,048
    SMITH & NEPHEW PLC ADR 10,482 8,620
    SONY GROUP CORP 19,220 28,061
    SOUTH STATE CORPORATION 5,484 6,809
    SOUTHWEST GAS CP 8,101 7,425
    SPDR SER TR S&P OIL & GAS EXPL 3,555 5,944
    SSE PLC SPON ADR 8,747 8,693
    STAG INDUSTRIAL INC 9,599 13,908
    STANLEY BLACK & DECKER INC 17,065 19,994
    STARBUCKS CORP COM 14,869 19,300
    SUNNY OPTICAL TECHNOLOGY GROUP 4,575 6,331
    SVENSKA HANDELSBK UNS ADR 6,760 6,954
    SYNOPSYS, INC 8,596 19,899
    T. ROWE PRICE GROUP 7,383 10,815
    TAIWAN SEMICONDUCTOR MFG CO LT 39,655 65,449
    TARGET CORPORATION 12,113 21,987
    TE CONNECTIVITY LTD 5,545 8,712
    TECHTRONIC INDS SPD ADR 3,237 6,859
    TENCENT HOLDINGS LIMITED 40,350 39,819
    TEXAS INSTRUMENTS INC 12,162 17,339
    THE COCA-COLA CO 11,359 12,316
    THE HAIN CELESTIAL GROUP, INC 3,601 3,579
    THE HERSHEY COMPANY 4,215 5,224
    THE WENDY'S CO 1,946 2,194
    TJX COMPANIES INC 4,752 5,390
    TOWNEBANK 8,010 10,362
    TRACTOR SUPPLY CO COM 12,444 22,190
    TRANE TECHNOLOGIES PLC 8,566 16,566
    TRANSUNION COM USD0.01 13,430 15,890
    TREX CO INC 6,006 16,069
    TRI POINTE HOMES INC COM 7,618 12,132
    TRIMAS CORPORATION 7,323 11,026
    TRUEBLUE, INC 5,779 9,352
    TYLER TECHNOLOGIES, INC 11,662 17,752
    UCB UNSP ADR 9,775 9,211
    UMB FINANCIAL CORPORATION 7,284 12,521
    UMPQUA HOLDINGS CORPORATION 7,530 9,639
    UNIFIRST CP 10,415 10,730
    UNION PACIFIC 17,105 23,681
    UNITED BANKSHARES, INC 5,135 5,660
    UNITED COMMUNITY BANKS, INC 9,988 13,945
    UNITED PARCEL SERVICE 9,655 14,361
    UNITEDHEALTH GROUP INC 16,273 24,605
    UNIVERSAL HLTH SVC B 9,338 10,243
    US BANCORP 15,466 18,424
    VALERO ENERGY CORP 10,730 10,741
    VEEVA SYSTEMS INC 5,094 6,387
    VERACYTE INC 15,726 17,634
    VERISIGN INC 10,298 13,199
    VERIZON COMMUNICATIONS 9,890 8,781
    VERRA MOBILITY CORPORATION 36,967 39,547
    VERTEX PHARMCTLS INC 18,473 20,423
    VESTAS WIND SYS UNSP/ADR 6,146 7,922
    VISA INC 39,564 42,258
    VISTEON CORP 10,001 9,558
    VITAL SIGNS INC. 41,104 37,330
    WAL-MART STORES INC 5,813 6,800
    WALT DISNEY HOLDINGS CO 24,229 28,190
    WASTE MANAGEMENT INC 8,999 12,518
    WEC ENERGY GROUP, INC 6,646 6,504
    WESTERN ALLIANCE BANCORPORATIO 8,383 7,643
    WESTERN ASSET MACRO OPPORTUNIT 362,930 379,077
    WILLIAMS SONOMA INC 12,052 11,670
    WOLVERINE WORLDWIDE 5,830 5,330
    WORKDAY INC 5,663 11,200
    WORLDLINE 8,459 5,180
    XCEL ENERGY INC 6,275 6,228
    XINYI SOLAR HOLDINGS ADR 3,670 3,708
    YUM BRANDS INC 8,440 11,387
    YUM CHINA HOLDINGS INC 20,212 20,733
    ZIMMER BIOMET HOLDINGS 14,372 11,942
    ZIONS BANCORP 3,021 4,358
    ZURICH INS GROU ADR 6,319 7,304

    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CFI MULTI-STRATEGY BOND FUND,   4,834,046 4,242,144
    CFI MULTI-STRATEGY EQUITY FUND   7,574,715 9,407,711
    COMMONFUND CAPITAL PARTNERS VI   539,338 1,012,338
    COMMONFUND CAPITAL PARTNERS VI   235,636 348,605

    TY 2021 LegalFeesSchedule
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 232 232    


    TY 2021 OtherExpensesSchedule
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 79,319     79,319
    Bank Charges 45 45    
    Foundation Dues & Memberships 990     990
    Indemnification Insurance 1,786     1,786
    INSURANCE PREMIUM 78     78
    K-1 Exp CFI MULTI-STRATEGY BON 5,264 5,264    
    K-1 Exp CFI MULTI-STRATEGY EQU 53,296 53,296    
    K-1 Exp COMMONFUND CAPITAL PAR 27,795 23,086    
    K-1 Exp COMMONFUND CAPITAL PAR 12,045 6,256    
    Office Supplies 141     141
    Postage/Delivery Service 168     168
    State or Local Filing Fees 269     269
    Storage Fee 1,989     1,989


    TY 2021 OtherIncomeSchedule2
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss CFI MULTI-STRATEGY BOND FUND, LLC 73,071 73,071  
    K-1 Inc/Loss CFI MULTI-STRATEGY EQUITY FUND, LLC 338,098 338,098  
    K-1 Inc/Loss COMMONFUND CAPITAL PARTNERS VII LP 6,569 2,572  
    K-1 Inc/Loss COMMONFUND CAPITAL PARTNERS VIII LP -1,552 150  
    Foreign Tax Refund 359 359  


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

    TY 2021 OtherNotesLoansRcvblLongSch
    Name:
    The Grass Foundation
    EIN:
    04-6049529

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    CAVENDISH IMPACT FOUNDATION   250,000 134,615 2018-03 2023-04 INTEREST & PRINCIPAL DUE AT MATURITY 12 % NONE OPERATING EXPENSES CASH 250,000

    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 123,268 123,268    
    FDN HISTORY DOCUMENTATION 8,500     8,500
    Website Development 5,480     5,480


    TY 2021 TaxesSchedule
    Name:
    The Grass Foundation
    EIN:
    04-6049529
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2021 12,400      
    1042 PAYMENT FOR 2019 1