TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
JAMES ANNENBERG LA VEA CHARITABLE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1650 MARKET ST STE 1200
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PHILADELPHIA, PA191037391

A Employer identification number

65-6323823

B Telephone number (see instructions)

(215) 419-6000

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$250,366,601J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	5,361,136		4,267,431
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		22,669,695
b	Gross sales price for all assets on line 6a 66,491,118
7	Capital gain net income (from Part IV, line 2)...			22,669,695
8	Net short-term capital gain.........				0
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).......
12	Total. Add lines 1 through 11........	28,030,831		26,937,126
13	Compensation of officers, directors, trustees, etc.	798,318		466,111		332,208
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		37,110	0	0	37,110
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		10,463	10,463		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		384,014	74,014		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,229,905		550,588	0	369,318
25	Contributions, gifts, grants paid.......	10,128,057				10,128,057
26	Total expenses and disbursements. Add lines 24 and 25	11,357,962		550,588	0	10,497,375
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	16,672,869
b	Net investment income (if negative, enter -0-)			26,386,538
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............		2,000	2,000
	2	Savings and temporary cash investments.........	35,881,625	22,740,177	22,740,177
	3	Accounts receivable 504,556
		Less: allowance for doubtful accounts	204,099	504,556	504,556
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	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).......	0
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	140,138,553	169,316,976	227,119,868
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	176,224,277	192,563,709	250,366,601
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................	9,525,534	10,128,059
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	9,525,534	10,128,059
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	166,698,743	182,435,650
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	166,698,743	182,435,650
	30	Total liabilities and net assets/fund balances (see instructions).	176,224,277	192,563,709

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

166,698,743

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

16,672,869

Other increases not included in line 2 (itemize) bullet

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

183,371,612

Decreases not included in line 2 (itemize) bullet

935,962

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

182,435,650

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	33357.294 INVESCO CONVERTIBLE SECURITIES FUND			2021-02-11
b	6000. ALTRIA GROUP INC		2014-10-04	2021-02-17
c	3000. AMERICAN WATER WORKS CO INC		2014-10-04	2021-02-11
d	2000. AMGEN		2014-10-04	2021-02-17
e	34000. APPLE COMPUTER INC.		2014-10-04	2021-02-11
	5500. BANK OF AMERICA CORP		2014-10-24	2021-02-17
	516273.407 BLACKROCK EVENT DRIVEN EQUITY FUND			2021-02-11
	3000. BRISTOL MYERS SQUIBB CO.		2014-10-04	2021-02-17
	2000. CISCO SYSTEMS		2014-10-04	2021-02-17
	4500. CITIGROUP INC		2014-10-04	2021-02-17
	2000. COMCAST CORP-CL A		2014-10-04	2021-02-17
	2000. WALT DISNEY CO.		2014-10-04	2021-02-17
	2000. META PLATFORMS INC		2014-10-04	2021-02-11
	140. GARRETT MOTION INC		2014-10-04	2021-02-17
	900. GENERAL DYNAMICS CORP.		2014-10-04	2021-02-11
	2000. GOLDMAN SACHS GROUP INC		2014-10-04	2021-02-17
	3000000. HSBC USA INC DTD 3/21/2018 0% 3/22/2021		2018-03-12	2021-03-23
	1400. HOME DEPOT INC.		2014-10-04	2021-02-17
	1400. HONEYWELL INTERNATIONAL INC		2014-10-04	2021-02-17
	24000. INVESCO S&P 500 LOW VOLATILITY PORT		2020-02-27	2021-02-24
	157000. INVESCO S&P 500 LOW VOLATILITY PORT			2021-03-12
	20000. ISHARES MSCI EAFE INDEX FUND		2017-04-27	2021-02-24
	7138. ISHARES TRUST RUSSELL 1000 GROWTH INDEX FUND		2020-02-27	2021-07-23
	13000. ISHARES DJ US HEALTHCARE SEC INDEX FD			2021-02-17
	63300. ISHARES GLOBAL INFRASTRUCTURE ETF		2020-02-07	2021-02-22
	38000. ISHARES MSCI EAFE GROWTH INX		2018-08-31	2021-02-22
	15000. JP MORGAN CHASE & CO		2014-10-04	2021-02-17
	5000. JOHNSON & JOHNSON		2014-10-04	2021-02-17
	5000. ELI LILLY & CO.		2014-10-04	2021-02-11
	1300. LOCKHEED MARTIN CORP.		2014-10-04	2021-02-17
	10000. MASTERCARD INC-CL A		2014-10-04	2021-02-11
	2400. NIKE INC CL B		2014-10-04	2021-02-17
	5000. PFIZER INC.		2014-10-04	2021-02-17
	233. RESIDEO TECHNOLOGIES INC COM		2014-10-04	2021-02-17
	5282. S & P 500 DEPOSITARY RECEIPT		2017-04-27	2021-07-23
	3000. STARBUCKS CORP.		2014-10-04	2021-02-17
	1200. THERMO ELECTRON CORP		2014-10-04	2021-02-11
	2200. 3M CO		2014-10-04	2021-02-17
	35350. VANGUARD MSCI PACIFIC ETF			2021-02-24
	620. VIATRIS INC COM		2014-10-04	2021-02-17
	8000. VISA INC-CLASS A SHARES		2014-10-04	2021-02-11
	50000. WISDOMTREE L/C DIVIDEND FUND			2021-02-22
	454314. CML MEDIA CORP SERIES B		2015-04-06	2021-09-27
	1817256. CML MEDIA CORP PFD SERIES C		2015-04-06	2021-09-27
	722. CHUBB LIMITED		2016-01-15	2021-02-11
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,166,838	750,000	416,838
b	261,888	276,696	-14,808
c	495,522	144,540	350,982
d	470,505	277,568	192,937
e	4,562,907	848,555	3,714,352
	189,168	94,861	94,307
	5,188,548	5,000,000	188,548
	181,392	167,700	13,692
	92,570	50,395	42,175
	291,196	234,973	56,223
	106,275	53,516	52,759
	372,460	176,850	195,610
	540,108	155,030	385,078
	993	1,349	-356
	147,374	111,043	36,331
	625,417	374,880	250,537
	3,508,424	3,000,000	508,424
	393,366	130,664	262,702
	282,426	122,802	159,624
	1,338,012	1,364,760	-26,748
	8,825,726	7,998,968	826,758
	1,526,644	1,276,798	249,846
	2,026,828	1,219,920	806,908
	3,318,350	879,925	2,438,425
	2,764,642	3,115,784	-351,142
	3,945,905	3,059,760	886,145
	2,171,737	906,881	1,264,856
	826,081	524,606	301,475
	1,010,678	327,794	682,884
	437,527	231,605	205,922
	3,405,335	744,250	2,661,085
	345,535	107,604	237,931
	174,053	138,286	35,767
	6,121	3,809	2,312
	2,322,027	1,258,616	1,063,411
	312,885	113,325	199,560
	591,157	144,839	446,318
	389,608	307,940	81,668
	2,946,810	2,516,861	429,949
	11,405	7,622	3,783
	1,669,286	423,645	1,245,641
	5,480,904	4,096,203	1,384,701
	50	500,000	-499,950
	50	500,000	-499,950
	119,661	80,200	39,461
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724
			1,646,724

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			416,838
b			-14,808
c			350,982
d			192,937
e			3,714,352
			94,307
			188,548
			13,692
			42,175
			56,223
			52,759
			195,610
			385,078
			-356
			36,331
			250,537
			508,424
			262,702
			159,624
			-26,748
			826,758
			249,846
			806,908
			2,438,425
			-351,142
			886,145
			1,264,856
			301,475
			682,884
			205,922
			2,661,085
			237,931
			35,767
			2,312
			1,063,411
			199,560
			446,318
			81,668
			429,949
			3,783
			1,245,641
			1,384,701
			-499,950
			-499,950
			39,461

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	22,669,695
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	366,773
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	366,773
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	310,000
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	128,800
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	438,800
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	72,027
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax72,027	Refunded	11	0

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

GLENMEDE TRUST CO NA Telephone no. bullet

(215) 439-6000

Located at bullet

1650 MARKET ST STE 1200PHILADELPHIAPA ZIP+4 bullet

19103

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

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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? .............

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)):

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?....................

If "Yes," list the years bullet

20, 20, 20, 20

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

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
LAWRENCE J MILLER ESQUIRE	CO-TRUSTEE 5	265,256
2101 NW CORPORATE BLVD SUTE 107 BOCA RATON,FL33431	CO-TRUSTEE 5	265,256
GLENMEDE TRUST CO N A	CO-TRUSTEE 40	533,062
1650 MARKET ST STE 1200 PHILADELPHIA,PA19103	CO-TRUSTEE 40	533,062

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
NONE









Total number of other employees paid over $50,000...................				0

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
NONE

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)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

207,761,003

Average of monthly cash balances.......................

34,115,590

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

241,876,593

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

241,876,593

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

3,628,149

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

238,248,444

Minimum investment return. Enter 5% (0.05) of line 5................

11,912,422

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.)

Minimum investment return from Part IX, line 6..................

11,912,422

Tax on investment income for 2021 from Part V, line 5.......

366,773

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

366,773

Distributable amount before adjustments. Subtract line 2c from line 1............

11,545,649

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

11,545,649

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

11,545,649

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

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					11,545,649
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......				10,128,057
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2021:
a From 2016......	0
b From 2017......	0
c From 2018......	0
d From 2019......	0
e From 2020......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2021 from Part
XI, line 4: $ 10,497,375
a Applied to 2020, but not more than line 2a				10,128,057
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2021 distributable amount.....					369,318
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2021.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........					11,176,331
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2017....	0
b Excess from 2018....	0
c Excess from 2019....	0
d Excess from 2020....	0
e Excess from 2021....	0

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 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Big Brothers Big Sisters of Broward Inc 4101 RAVENSWOOD ROAD SUITE 202 Ft Lauderdale,FL33312	NONE	PC	IN HONOR OF JAMES ANNENBERG	405,122
Boy Scouts of America 1325 WEST WALNUT HILL LANE SUM 400 Irving,TX750152079	NONE	PC	IN HONOR OF JAMES ANNENBERG	557,043
Boys and Girls Club of America 1275 PEACHTREE STREET NE Atlanta,GA30309	NONE	PC	IN HONOR OF JAMES ANNENBERG	405,122
Children's Home Society of Florida Inc 5766 SOUTH SEMORAN BOULEVARD Orlando,FL32822	NONE	PC	IN HONOR OF JAMES ANNENBERG	405,122
Childrens Hospital Corporation dba Children's Hospital Boston 401 PARK DRIVE SUITE 602 Boston,MA02215	NONE	PC	IN HONOR OF JAMES ANNENBERG	455,763
Childrens Hunger Fund 13931 BALBOA BLVD Sylmar,CA91342	NONE	PC	IN HONOR OF JAMES ANNENBERG	607,684
Dave Thomas Fund for Adoption 4900 TUTTLE CROSSING BLVD Dublin,OH43016	NONE	PC	IN HONOR OF JAMES ANNENBERG	506,403
Feed the Children Inc 333 N MERIDIAN AVENUE Oklahoma City,OK73107	NONE	PC	IN HONOR OF JAMES ANNENBERG	557,043
Feeding America 161 NORTH CLARK ST SUITE 700 Chicago,IL60601	NONE	PC	IN HONOR OF JAMES ANNENBERG	658,324
Florence Fuller Child Development Foundation 200 NE 14TH ST Boca Raton,FL33432	NONE	PC	IN HONOR OF JAMES ANNENBERG	405,122
Girl Scouts of the USA 420 FIFTH AVENUE 10TH FLOOR New York,NY10018	NONE	PC	IN HONOR OF JAMES ANNENBERG	557,043
Massachusetts General Hospital 125 NASHUA STREET SUITE 540 Boston,MA02114	NONE	PC	SUPPORT THE PEDS	506,403
National Center for Missing and Exploited Children 333 JOHN CARLYLE STREET SUITE 125 Alexandria,VA22314	NONE	PC	IN HONOR OF JAMES ANNENBERG	557,043
Ronald McDonald House Charities Inc 26345 NETWORK PLACE Chicago,IL60673	NONE	PC	IN HONOR OF JAMES ANNENBERG	455,763
Save the Children 501 KINGS HIGHWAY EAST SUITE 400 Fairfield,CT06825	NONE	PC	IN HONOR OF JAMES ANNENBERG	557,043
Teach for America Inc PO BOX 398305 San Francisco,CA94139	NONE	PC	IN HONOR OF JAMES ANNENBERG	405,122
The Seeing Eye Inc PO BOX 375 Morristown,NJ079630375	NONE	PC	FOR GUIDE DOGS RESTRICTED	405,122
The Shriners Hospital for Children 51 BLOSSOM STREET Boston,MA02114	NONE	PC	TO BENEFIT SHRINERS	405,122
United Negro College Fund 1222 S ANDREWS AVE STE 502A Ft Lauderdale,FL33316	NONE	PC	IN HONOR OF JAMES ANNENBERG	405,122
University of Miami 900 NW 17TH STREET Miami,FL33136	NONE	PC	RESEARCH AND TREATMENT OF	455,763
University of Miami PO BOX 016960 R-100 Miami,FL33101	NONE	PC	CHILDREN'S DEAFNESS FUND	455,763
Total ................................. 3a				10,128,057

bApproved for future payment

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

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	22,669,695
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				28,030,831

13Total. Add line 12, columns (b), (d), and (e)..................

28,030,831

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 LegalFeesSchedule

Name:

JAMES ANNENBERG LA VEA CHARITABLE FOUNDATION

EIN:

65-6323823

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA	37,110			37,110

- TIN:

TY 2021 OtherDecreasesSchedule

Name:

JAMES ANNENBERG LA VEA CHARITABLE FOUNDATION

EIN:

65-6323823

Description	Amount
ROUNDING DIFF	2
OTHER ADJUSTMENTS	935,960

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

JAMES ANNENBERG LA VEA CHARITABLE FOUNDATION

EIN:

65-6323823

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CUSTODIAN & MANAGEMENT FEES (A	10,463	10,463

- TIN:

TY 2021 TaxesSchedule

Name:

JAMES ANNENBERG LA VEA CHARITABLE FOUNDATION

EIN:

65-6323823

Category	Amount	Net Investment Income
FEDERAL ESTIMATES - PRINCIPAL	310,000	0
FOREIGN TAXES ON QUALIFIED FOR	63,549	63,549
FOREIGN TAXES ON NONQUALIFIED	10,465	10,465