Form990-PF
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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
Pathfinder Foundation Inc
 
% 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

27-5487095
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$34,656,247J 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 230 230  
4 Dividends and interest from securities... 99,031 99,031  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,918,699
b Gross sales price for all assets on line 6a 1,235,584
7 Capital gain net income (from Part IV, line 2)... 2,718,434
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 842,117 751,193  
12 Total. Add lines 1 through 11........ 3,860,077 3,568,888  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 4,000     4,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 69,672 33,672   36,000
17 Interest............... 114 114    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 67,117 1,004    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 484,887 381,914   38,236
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 625,790 416,704   78,236
25 Contributions, gifts, grants paid....... 1,440,000 1,440,000
26 Total expenses and disbursements. Add lines 24 and 25 2,065,790 416,704   1,518,236
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,794,287
b Net investment income (if negative, enter -0-) 3,152,184
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......... 483,056 216,451 216,451
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,073,639 Click to see attachment4,391,938 5,523,563
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).......... 22,863,360 Click to see attachment24,855,953 28,916,233
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) 27,420,055 29,464,342 34,656,247
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)   Click to see attachment250,000
23 Total liabilities (add lines 17 through 22)......... 0 250,000
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 27,420,055 29,214,342
29 Total net assets or fund balances (see instructions)..... 27,420,055 29,214,342
30 Total liabilities and net assets/fund balances (see instructions). 27,420,055 29,464,342
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
27,420,055
2
Enter amount from Part I, line 27a .....................
2
1,794,287
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
29,214,342
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
29,214,342
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 ALLOCATED TO ACQUISITION INDEBTEDNESS      
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 1,235,584   914,683 320,901
b       2,401,219
c       -3,686
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       320,901
b        
c       -3,686
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 2,718,434
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 43,815
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 43,815
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 33,144
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 33,144
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 86
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 10,757
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$   (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)
    bulletTN
    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 ROADWilmingtonDE 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)
    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)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    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
     
     
    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
    David A Belitz Dir
    1.0     		2,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    George G Hill Sec, Dir
    1.0     		2,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    T Cartter Lupton II Dir, Pres
    20.0     		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
     
    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
    5,797,446
    b
    Average of monthly cash balances.......................
    1b
    324,367
    c
    Fair market value of all other assets (see instructions)................
    1c
    28,271,392
    d
    Total (add lines 1a, b, and c).........................
    1d
    34,393,205
    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
    34,393,205
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    515,898
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    33,877,307
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,693,865
    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
    1,693,865
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    43,815
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    46,476
    c
    Add lines 2a and 2b............................
    2c
    90,291
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,603,574
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,603,574
    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
    1,603,574
    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 1,603,574
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 1,433,795
    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......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,518,236
    a Applied to 2020, but not more than line 2a 1,433,795
    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..... 84,441
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		1,519,133
    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 ......     		0
    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.... 0
    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).)
    T Cartter Lupton II
    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
    CHARLESTON JUNIOR GOLF FOUNDATION - THE FIRST TEE
    321 WINGO WAY STE 201
    MT PLEASANT,SC29464     		N/A PC General & Unrestricted 30,000
    CHARLESTON MOVES
    57 CANNON ST STE 2
    CHARLESTON,SC29403     		N/A PC General & Unrestricted 30,000
    CHARLESTON ORPHAN HOUSE INC
    5055 LACKAWANNA BLVD
    N CHARLESTON,SC29405     		N/A PC Charleston Youth Development Center 4,000
    CHARLESTON PARKS CONSERVANCY
    PO BOX 31187
    CHARLESTON,SC29417     		N/A PC General & Unrestricted 15,000
    CHARLESTON PROMISE NEIGHBORHOOD
    1834 SUMMERVILLE AVE STE 200
    CHARLESTON,SC29405     		N/A PC General & Unrestricted 30,000
    CHARLESTON WATERKEEPER
    PO BOX 29
    CHARLESTON,SC29402     		N/A PC General & Unrestricted 15,000
    COLAB
    1100 MARKET ST STE 100
    CHATTANOOGA,TN37402     		N/A PC General & Unrestricted 5,000
    COLLEGE OF CHARLESTON FOUNDATION
    66 GEORGE ST
    CHARLESTON,SC29424     		N/A PC Class of '81 Scholarship Fund 4,000
    COMMUNITIES IN SCHOOLS OF THE CHARLESTON AREA INC
    1691 TURNBULL AVE STE 200
    N CHARLESTON,SC29405     		N/A PC General & Unrestricted 15,000
    DOGWOOD ALLIANCE INC
    PO BOX 7645
    ASHEVILLE,NC28802     		N/A PC General & Unrestricted 15,000
    DUCKS UNLIMITED INC
    ONE WATERFOWL WAY
    MEMPHIS,TN38120     		N/A PC South Carolina State Initiative 15,000
    EAST COOPER COMMUNITY OUTREACH
    1145 SIX MILE RD
    MT PLEASANT,SC29466     		N/A PC General & Unrestricted 25,000
    EAST COOPER LAND TRUST
    PO BOX 2495
    MT PLEASANT,SC29465     		N/A PC General & Unrestricted 5,000
    FLORENCE CRITTENTON PROGRAMS OF SOUTH CAROLINA INC
    19 SAINT MARGARET ST
    CHARLESTON,SC29403     		N/A PC General & Unrestricted 2,000
    GREEN HEART PROJECT INC
    759 KING ST APT A
    CHARLESTON,SC29403     		N/A PC Urban Farm Campaign 15,000
    HISTORIC CHARLESTON FOUNDATION
    PO BOX 1120
    CHARLESTON,SC29402     		N/A PC General & Unrestricted 30,000
    INTERNATIONAL AFRICAN AMERICAN MUSEUM
    10 WHARFSIDE ST
    CHARLESTON,SC29401     		N/A PC General & Unrestricted 10,000
    KIDS ON POINT INC
    PO BOX 22731
    CHARLESTON,SC29413     		N/A PC General & Unrestricted 20,000
    LORD BERKELEY CONSERVATION TRUST
    136 E RAILROAD AVE
    MONCKS CORNER,SC29461     		N/A PC General & Unrestricted 15,000
    LOUIES KIDS INC
    PO BOX 21291
    CHARLESTON,SC29413     		N/A PC General & Unrestricted 10,000
    LOWCOUNTRY LAND TRUST INC
    635 RUTLEDGE AVE STE 107
    CHARLESTON,SC29403     		N/A PC General & Unrestricted 30,000
    LOWCOUNTRY LOCAL FIRST
    1859 SUMMERVILLE AVE 800
    CHARLESTON,SC29405     		N/A PC General & Unrestricted 25,000
    METANOIA
    2005 REYNOLDS AVE
    N CHARLESTON,SC29405     		N/A PC General & Unrestricted 25,000
    NATURE CONSERVANCY - CHARLESTON SATELITE OFFICE
    1417 STUART ENGALS BLVD STE 100
    MT PLEASANT,SC29464     		N/A PC General & Unrestricted 30,000
    OPEN SPACE INSTITUTE INC
    1350 BROADWAY RM 201
    NEW YORK,NY10018     		N/A PC Conservation work in South Carolina 20,000
    OPERATION HOME INC
    3973 RIVERS AVE STE 104
    NORTH CHARLESTON,SC29405     		N/A PC General & Unrestricted 10,000
    POLLY BOYD SCHOLARSHIP FUND
    PO BOX 23176
    CHATTANOOGA,TN37422     		N/A PC General & Unrestricted 25,000
    PRESERVATION SOCIETY OF CHARLESTON
    147 KING ST
    CHARLESTON,SC29401     		N/A PC General & Unrestricted 15,000
    SKYUKA HALL
    PO BOX 8567
    CHATTANOOGA,TN37414     		N/A PC General & Unrestricted 50,000
    SOUTH CAROLINA AQUARIUM
    100 AQUARIUM WHARF
    CHARLESTON,SC29401     		N/A PC General & Unrestricted 30,000
    SOUTH CAROLINA COASTAL CONSERVATION LEAGUE INC
    131 SPRING ST STE A
    CHARLESTON,SC29403     		N/A PC Grow Food 200,000
    SOUTH CAROLINA COASTAL CONSERVATION LEAGUE INC
    131 SPRING ST STE A
    CHARLESTON,SC29403     		N/A PC Grow Food Initiative 30,000
    SOUTH CAROLINA ENVIRONMENTAL LAW PROJECT INC
    PO BOX 1380
    PAWLEYS ISL,SC29585     		N/A PC General & Unrestricted 15,000
    SOUTHERN ENVIRONMENTAL LAW CENTER
    201 W MAIN ST STE 14
    CHARLOTTESVILLE,VA22902     		N/A PC General & Unrestricted 30,000
    SUSTAINABILITY INSTITUTE INC
    1850 TRUXTUN AVE
    NORTH CHARLESTON,SC29405     		N/A PC General & Unrestricted 30,000
    THE BAYLOR SCHOOL
    171 BAYLOR SCHOOL RD
    CHATTANOOGA,TN37405     		N/A PC Cartter Scholars Scholarship Fund 475,000
    THE DEE NORTON LOWCOUNTRY CHILDRENS CENTER INC
    1061 KING ST
    CHARLESTON,SC29403     		N/A PC General & Unrestricted 5,000
    THE URBAN LEAGUE OF GREATER CHATTANOOGA INC
    PO BOX 11106
    CHATTANOOGA,TN37401     		N/A PC Minority Business Hub 5,000
    TRIDENT TECHNICAL COLLEGE FOUNDATION INCORPORATED
    PO BOX 61227
    CHARLESTON,SC29419     		N/A PC Scholarship Fund 30,000
    TRIDENT TECHNICAL COLLEGE FOUNDATION INCORPORATED
    PO BOX 61227
    CHARLESTON,SC29419     		N/A PC Student Urgent Needs Fund 15,000
    UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATIO
    1027 BARNWELL ST
    COLUMBIA,SC29208     		N/A PC The Catesby Center 10,000
    WINGS FOR KIDS
    476 MEETING ST STE E
    CHARLESTON,SC29403     		N/A PC General & Unrestricted 10,000
    YO ART INC
    PO BOX 12397
    CHARLESTON,SC29422     		N/A PC General & Unrestricted 5,000
    YOUNG WOMENS LEADERSHIP ACADEMY FOUNDATION INC
    1802 BAILEY AVE
    CHATTANOOGA,TN37404     		N/A PC Montessori Elementary at Highland Park 10,000
    Total .................................bullet 3a 1,440,000
    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 ...........     		    14 230  
    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 200,264 18 2,718,435  
    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 88,706 14 753,411  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 288,970 3,571,107  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,860,077
    (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

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

    TY 2021 DepreciationSchedule
    Name:
    Pathfinder Foundation Inc
    EIN:
    27-5487095
    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:
    Pathfinder Foundation Inc
    EIN:
    27-5487095
    Identifier Return Reference Explanation
    PART I, LINE 6A PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $2,722,120 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $196,579 TOTAL PART I, LINE 6A: $2,918,699 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $1,235,584 BOOK BASIS: $914,683 NET GAIN/(LOSS): $320,901 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $2,401,219 ALLOCATED TO UBTI - ACQUISION INDEBTEDNESS NET GAIN/(LOSS): $3,685
    FORM 8865 FORM 8865 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.
    FORM 990-PF FORM 990-PF One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in Part I but not provided sufficient back-up information to allow the Foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships 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:
    Pathfinder Foundation Inc
    EIN:
    27-5487095
    Name of Stock End of Year Book Value End of Year Fair Market Value
    10X GENOMICS CLASS A 2,979 2,979
    ABBVIE INC 14,328 17,873
    ACCENTURE PLC 12,864 50,575
    ADVANCE AUTO PARTS INC 14,835 23,028
    ADVANCED MEDICAL OPTICS 7,117 7,630
    ADVANCED MICRO DEVICES INC 10,019 15,685
    AECOM TECHNOLOGY CORPORATION 11,439 13,304
    ALEXANDRIA REAL ESTATE EQUITIE 8,059 10,479
    ALLOGENE THERAPEUTICS INC 3,410 1,820
    ALPHABET INC CL A 34,728 55,044
    ALTERYX INC 6,217 3,207
    ALX ONCOLOGY HOLDINGS INC 4,540 1,203
    AMAZON COM 34,381 36,678
    AMERESCO INC CL A 7,775 10,017
    AMERICAN ELECTRIC POWER INC 25,695 25,623
    AMERICAN WATER WORKS COMPANY I 8,658 11,143
    AMERIPRISE FINANCIAL INC 12,034 19,005
    AMETEK INC 16,630 20,880
    AMGEN INC 63,956 57,817
    ANALOG DEVICES INC 65,062 70,484
    ANTERO MIDSTREAM CORPORATION 10,697 8,257
    APPLE INC 44,531 63,570
    APPLIED MATERIALS INC 10,563 16,208
    APTIV PLC 11,682 11,711
    ARENA PHARMACEUTICALS, INC. 2,501 3,346
    ARGENX SE 2,957 3,502
    ASEPN AEROGELS INC 5,556 7,469
    ASTEC INDUSTRIES, INC. 6,075 6,858
    ATRICURE, INC. 4,888 7,092
    AUTOMATIC DATA PROCESSING INC 41,097 52,275
    AVATAR HOLDINGS INC. 16,321 20,480
    AZEK COMPANY INC CL A 4,058 5,364
    BANDWIDTH INC 7,007 2,727
    BIONTECH SE ADR 3,409 3,094
    BLACKROCK INC 37,346 62,258
    BLOOMIN BRANDS INC 7,318 6,986
    BOISE CASCADE COMPANY 5,816 9,114
    BOOKING HOLDINGS INC 8,774 9,597
    BOOZ ALLEN HAMILTON HOLDING CO 19,008 18,484
    BRIGHT HORIZONS FAMILY SOLUTIO 18,237 14,728
    BROADCOM INC 59,327 76,522
    BROOKS AUTOMATION, INC 7,480 10,827
    BURLINGTON STORES, INC 16,087 19,531
    CASTLE BIOSCIENCES INC 4,197 3,001
    CHARLES SCHWAB CORP 6,290 8,158
    CHART INDUSTRIES, INC 8,953 12,600
    CHEGG INC 8,627 3,285
    CHESAPEAKE ENERGY CORPORATION 7,538 7,613
    CHILDREN'S PLACE 5,112 5,233
    CHUBB LIMITED 48,316 66,885
    CHURCHILL DOWNS INC 7,089 8,672
    CISCO SYSTEMS INC 55,373 83,965
    CITIZENS FINANCIAL GROUP, INC 16,055 20,270
    CLEARWATER ANALYTICS HOLDINGS, 2,892 2,827
    COMCAST CORP 60,131 77,156
    CONOCOPHILLIPS 2,396 3,176
    CONSTELLATION BRANDS INC 11,365 13,301
    COOPER COMPANIES INC 4,842 5,865
    CRISPR THERAPEUTICS AG 3,033 1,516
    CURTISS WRIGHT CP 12,961 15,115
    DARDEN RESTAURANTS INC 16,649 21,090
    DAVE AND BUSTERS ENTERTAINMENT 7,376 8,333
    DEXCOM, INC 7,235 9,665
    DIAGEO PLC ADS 37,423 67,583
    DIGITALOCEAN HOLDINGS INC 3,879 7,149
    DISCOVER FINL SVCS COM 42,854 43,219
    DOLLAR GENERAL CORP 10,606 12,027
    EASTMAN CHEMICAL CO 13,494 14,751
    EDWARDS LIFESCIENCES 12,179 15,805
    ENBRIDGE INC 32,640 20,830
    ENLINK MIDSTREAM LLC 27,589 18,941
    ENTEGRIS INC 12,516 16,352
    EOG RESOURCES INC 55,036 62,270
    EPAM SYSTEMS INC 9,626 20,054
    EQUITRANS MIDSTREAM CORPORATIO 24,762 28,363
    ESSENT GROUP LTD 3,296 3,415
    EVERBRIDGE INC 5,555 2,828
    EVOQUA WATER TECHNOLOGIES CORP 7,291 9,023
    F M C CP 15,688 14,945
    FARFETCH LIMITED 4,468 3,811
    FATE THERAPEUTICS INC 3,924 2,457
    FIRST BANCORP 7,260 7,955
    FIRST REPUBLIC BANK 10,482 16,727
    FORTINET INC 6,012 17,251
    FORTIVE CORPORATION 12,399 13,656
    FORWARD AIR CORP 7,150 7,750
    GENERAC HOLDING INC 1,296 2,112
    HENRY JACK & ASSOC INC 6,930 7,348
    HERC HOLDINGS, INC 6,053 14,872
    HOME DEPOT INC 18,538 49,386
    HOULIHAN LOKEY INC 11,777 17,495
    HUBSPOT INC 7,611 11,865
    IAA INC 7,065 5,872
    IGM BIOSCIENCES ORD SHS 4,797 1,642
    INGERSOLL-RAND INC 19,580 24,810
    INSPIRE MEDICAL SYSTEMS 5,909 6,902
    INTELLIA THERAPEUTICS INC 3,723 2,838
    IQVIA HOLDINGS INC 6,243 10,439
    JAMF HOLDING 8,550 8,248
    JAZZ PHARMACEUTICALS INC 12,801 10,574
    JOHNSON & JOHNSON 85,880 101,101
    JP MORGAN CHASE 62,929 86,617
    KEYSIGHT TECHNOLOGIES INC 15,240 19,205
    KURA ONCOLOGY INC 5,241 1,960
    LABORATORY CORP AMER HLDGS 11,679 16,653
    LATTICE SEMICONDUCTOR 5,602 10,326
    LHC GROUP 6,820 4,666
    LINDE PLC COM 38,248 81,065
    LIVEPERSON, INC. 5,041 3,179
    LOCKHEED MARTIN CORP 29,513 48,691
    LOGITECH INTERNATIONAL 7,533 6,928
    MAGENTA THERAPEUTICS INC 1,578 966
    MAGNITE INC 5,359 4,708
    MAINSTAY UNCONSTRAINED BOND A 472,384 475,799
    MARAVAI LIFESCIENCES HOLDINGS 5,870 9,511
    MARQETA ORD SHS CLASS A 5,583 3,863
    MARSH AND MCLENNAN COMPANIES I 20,245 54,058
    MARVELL TECHNOLOGY, INC 5,383 10,149
    MASIMO CORPORATION 8,948 9,662
    MASTEC INC 7,425 10,059
    MATCH GROUP INC 24,376 22,086
    MAXLINEAR INC 6,871 15,153
    MCDONALD'S CORP 51,627 94,360
    MEDPACE HOLDINGS, INC 6,945 10,882
    MEDTRONIC PLC 53,694 69,001
    MEIRAGTX HOLDINGS PLC 1,622 3,110
    META PLATFORMS INC 9,363 11,436
    MICROSOFT CORP 93,689 258,293
    MORGAN STANLEY 41,941 40,246
    NANOSTRING TECHNOLOGIES INC 5,863 3,632
    NEOGENOMICS INC 6,841 4,674
    NETFLIX INC 7,508 9,037
    NEXTERA ENERGY, INC 17,388 31,836
    NIKE INC-CL B 7,512 8,167
    NOVARTIS AG ADR 36,977 36,737
    NURIX THERAPEUTICS, INC 3,963 3,242
    NVIDIA CORP 4,687 10,588
    ON SEMICONDUCTOR 9,185 14,331
    ONEOK INC 78,727 88,963
    PALO ALTO NETWORKS INC 9,484 17,260
    PERFORMANCE FOOD GROUP COMPANY 10,293 10,004
    PHILLIPS 66 35,392 36,592
    PIONEER NAT RES CO 19,999 22,189
    PLANET FITNESS INC 6,598 7,790
    PMV PHARMACEUTICALS INC 3,683 1,802
    PROCTER GAMBLE CO 48,770 70,503
    PURE STORAGE INC 7,681 9,798
    PVH CORP 5,031 5,652
    R1 RMC INC COM 7,855 7,953
    RAPID7 INCORPORATED 6,498 10,592
    RAYTHEON TECHNOLOGIES CORP 63,925 79,089
    REAL INDUSTRY INC 3,395 1,732
    REGAL REXNORD CORP 7,724 11,232
    RELAY THERAPEUTICS INC 3,412 2,088
    REPARE THERAPEUTICS ORD SHS 2,587 1,413
    REPLIGEN CORP 6,631 9,799
    REPUBLIC SVCS INC 26,113 46,019
    ROCKWELL AUTOMATION INC 19,531 42,909
    RPM INTERNATIONAL INC 13,231 15,251
    RYMAN HOSPITALITY PROPERTIES 8,207 11,311
    SALESFORCE.COM 13,098 14,485
    SERVICE CP INTL 10,823 15,334
    SERVICE NOW 13,937 16,877
    SHIFT4 PAYMENTS INC CL A 6,951 6,314
    SHOALS TECHNOLOGIES GROUP 3,425 2,527
    SILK ROAD MEDICAL ORD SHS 6,309 4,559
    SIMPSON MANUFACTURING CO INC 5,223 8,066
    SIX FLAGS ENTERTAINMENT CORPOR 6,496 8,559
    STAAR SURGICAL ORD SHS 4,945 5,661
    STARBUCKS CORP COM 45,975 48,426
    STERLING CHECK ORD SHS 3,730 3,015
    SUMO LOGIC ORD SHS 3,790 1,885
    SURGERY PARTNERS INC COM 7,704 8,332
    TAKE-TWO INTERACTIVE SOFTWARE 26,105 25,592
    TAPESTRY INC 5,355 5,603
    TARGET CORPORATION 7,917 7,406
    TELEFLEX INC 18,171 15,439
    TENABLE HOLDINGS INC 5,866 8,646
    TEREX CORP 7,694 9,757
    TESLA MOTORS INC 9,154 14,795
    TEXAS INSTRUMENTS INC 42,916 64,834
    THE COCA-COLA CO 62,176 82,243
    THE TRADE DESK INC 8,396 8,431
    TIMKEN CO COM 15,265 13,719
    TOPBUILD CORP 7,050 11,588
    TRANSDIGM GRP INC 13,261 13,362
    TRUIST FINANCIAL CORPORATION 62,768 69,792
    UNION PACIFIC 38,545 69,533
    UNITED PARCEL SERVICE 53,566 68,374
    UNITED RENTALS INC 3,131 4,320
    UNITEDHEALTH GROUP INC 56,075 63,772
    UNIVERSAL DISPLAY CORP 17,866 13,532
    V F CORP 45,571 49,863
    VAIL RESORTS INC 14,548 15,411
    VERITEX HOLDINGS INC 7,222 7,956
    VISA INC 23,727 24,272
    VISTEON CORP 7,773 7,002
    VONTIER CORPORATION 12,624 12,138
    VOYA FINANCIAL INC 14,922 16,776
    WEBSTER FINL CORP 6,357 8,599
    WILLIAMS COS 94,297 77,339
    WISDOM TREE EUROPE HEDGED EQUI 455,470 572,822
    WIX COM LTD 5,264 3,156
    XENCOR INC 3,867 3,571
    ZENTALIS PHARMACEUTICALS INC. 3,851 4,119
    ZEVIA PBC 3,711 1,939
    ZSCALER INC 8,838 14,139

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Pathfinder Foundation Inc
    EIN:
    27-5487095
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ENERGY TRANSFER LP   96,287 125,244
    ENTERPRISE PRODUCTS PARTNERS L   56,289 214,483
    GENESIS ENERGY, L.P   1,815 18,400
    HEADLANDS CPTL SECONDARY FD II   575,787 809,271
    JTL PRIVATE EQUITY FUND, L.P   1,335,672 651,919
    LUPTON DOMESTIC EQUITY PARTNER   5,320,833 6,975,054
    LUPTON HEDGE FUND PARTNERSHIP,   10,530,697 12,116,146
    LUPTON INTERNATIONAL EQUITY PA   5,499,676 6,053,994
    LUPTON PRIVATE EQUITY FUND 201   1,220,662 1,622,511
    LUPTON PRIVATE EQUITY FUND GP   33,931 33,943
    MAGELLAN MIDSTREAM PARTNERS LP   63,915 90,651
    MPLX LP   13,371 110,459
    PHILLIPS 66 PARTNERS LP   7,631 14,572
    PLAINS ALL AMERICAN PIPELINE L   42,693 24,377
    SHELL MIDSTREAM PARTNERS LP   49,117 25,033
    WESTERN MIDSTREAM PARTNERS, LP   7,577 30,176

    TY 2021 OtherExpensesSchedule
    Name:
    Pathfinder Foundation Inc
    EIN:
    27-5487095
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 38,216     38,216
    Bank Charges 449 449    
    K-1 Exp ENERGY TRANSFER LP 692 662    
    K-1 Exp ENTERPRISE PRODUCTS PA 35 11    
    K-1 Exp GENESIS ENERGY, L.P 18 3    
    K-1 Exp HEADLANDS CPTL SECONDA 19,883 15,827    
    K-1 Exp JTL PRIVATE EQUITY FUN 17,119 11,666    
    K-1 Exp LUPTON DOMESTIC EQUITY 71,219 68,331    
    K-1 Exp LUPTON HEDGE FUND PART 223,245 176,337    
    K-1 Exp LUPTON INTERNATIONAL E 80,522 77,874    
    K-1 Exp LUPTON PRIVATE EQUITY 33,214 30,534    
    K-1 Exp LUPTON PRIVATE EQUITY 32 32    
    K-1 Exp MAGELLAN MIDSTREAM PAR 24 9    
    K-1 Exp MPLX LP 6      
    K-1 Exp PLAINS ALL AMERICAN PI 192 179    
    K-1 Exp SHELL MIDSTREAM PARTNE 1      
    State or Local Filing Fees 20     20


    TY 2021 OtherIncomeSchedule2
    Name:
    Pathfinder Foundation Inc
    EIN:
    27-5487095
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss ENERGY TRANSFER LP 44 884  
    K-1 Inc/Loss ENTERPRISE PRODUCTS PARTNERS LP -3,703 2  
    K-1 Inc/Loss GENESIS ENERGY, L.P -3,363 72  
    K-1 Inc/Loss HEADLANDS CPTL SECONDARY FD III LP (P 7,848 7,299  
    K-1 Inc/Loss JTL PRIVATE EQUITY FUND, L.P 18,287 8,086  
    K-1 Inc/Loss LUPTON DOMESTIC EQUITY PARTNERSHIP LP 29,600 30,947  
    K-1 Inc/Loss LUPTON HEDGE FUND PARTNERSHIP, LP 596,630 490,501  
    K-1 Inc/Loss LUPTON INTERNATIONAL EQUITY PARTNERSH 195,500 195,500  
    K-1 Inc/Loss LUPTON PRIVATE EQUITY FUND 2019 GP 15,320 17,202  
    K-1 Inc/Loss LUPTON PRIVATE EQUITY FUND GP 1 1  
    K-1 Inc/Loss MAGELLAN MIDSTREAM PARTNERS LP -3,912 5  
    K-1 Inc/Loss MPLX LP -2,180 166  
    K-1 Inc/Loss PHILLIPS 66 PARTNERS LP -914 70  
    K-1 Inc/Loss PLAINS ALL AMERICAN PIPELINE LP -4,901 3  
    K-1 Inc/Loss SHELL MIDSTREAM PARTNERS LP -1,065 455  
    K-1 Inc/Loss WESTERN MIDSTREAM PARTNERS, LP -1,075    


    TY 2021 OtherLiabilitiesSchedule
    Name:
    Pathfinder Foundation Inc
    EIN:
    27-5487095
    Description Beginning of Year - Book Value End of Year - Book Value
    LINE OF CREDIT   250,000


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Pathfinder Foundation Inc
    EIN:
    27-5487095
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administration of Foundation 36,000     36,000
    Investment Management Services 33,672 33,672    


    TY 2021 ReasonableCauseExplanation
    Name:
    Pathfinder Foundation Inc
    EIN:
    27-5487095
    Explanation:
    The Foundation's tax preparer is located in Nassau County, NY, which, per IRS release NY-2021-01 announced on September 9, 2021, is included in the list of localities that constitute a covered disaster area for purposes of Treas. Reg. Sec. 301.7508A-1(d)(2) and are entitled to tax relief due to Hurricane Ida. Additional time was needed to calculate and transmit the tax payment. Therefore, Form 2220 indicates that the Q3 or Q4 estimated tax payment made on or before the extended deadline of February 15, 2022 was, in fact, made timely on the original due date of such payment. We respectfully request that no late payment penalties be assessed in connection with such payment(s) per Treas. Reg. Sec. 301.7508A-1(c)(1).

    TY 2021 TaxesSchedule
    Name:
    Pathfinder Foundation Inc
    EIN:
    27-5487095
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2021 32,700      
    990-PF Extension for 2020 4,800      
    990-T Income Tax for 2020 28,513      
    Foreign Tax Paid 1,004 1,004    
    STATE INCOME TAX FOR 2020 100