Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE WALSH FOUNDATION
C/O MADDEN JIGANTI MOORE & SINARS
Number and street (or P.O. box number if mail is not delivered to street address)190 S LASALLE ST 1700
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603
A Employer identification number

36-3994447
B Telephone number (see instructions)

(312) 346-4101
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$266,515,281J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 3,013 3,013  
4 Dividends and interest from securities... 3,808,164 3,808,164  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 14,148,114
b Gross sales price for all assets on line 6a 44,435,898
7 Capital gain net income (from Part IV, line 2)... 14,148,114
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 48,785 48,785  
12 Total. Add lines 1 through 11........ 18,008,076 18,008,076  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
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 35,125 35,125   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 354,533 121,202   0
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 1,150,678 1,150,678   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,540,336 1,307,005   0
25 Contributions, gifts, grants paid....... 10,743,500 10,743,500
26 Total expenses and disbursements. Add lines 24 and 25 12,283,836 1,307,005   10,743,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,724,240
b Net investment income (if negative, enter -0-) 16,701,071
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............. 8 3 3
2 Savings and temporary cash investments......... 19,870,109 8,617,914 8,617,914
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) bullet8,952,399
Less: allowance for doubtful accounts bullet0 8,952,399 8,952,399 8,952,399
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).......      
c Investments—corporate bonds (attach schedule)....... 40,099,377 Click to see attachment41,402,055 41,174,303
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 105,100,840 Click to see attachment120,784,139 207,770,662
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) 174,022,733 179,756,510 266,515,281
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 attachment40,886 Click to see attachment50,423
23 Total liabilities (add lines 17 through 22)......... 40,886 50,423
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 173,981,847 179,706,087
29 Total net assets or fund balances (see instructions)..... 173,981,847 179,706,087
30 Total liabilities and net assets/fund balances (see instructions). 174,022,733 179,756,510
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
173,981,847
2
Enter amount from Part I, line 27a .....................
2
5,724,240
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
179,706,087
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
179,706,087
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 GS - GANNETT WELSH & KOTLER - STCG      
b GS - GANNETT WELSH & KOTLER - LTCG      
c GS - GANNETT WELSH & KOTLER - LTCG      
d GS - CORPORATE FI - STCG      
e GS - CORPORATE FI - LTCG      
GS - CORPORATE FI - LTCG      
GS - INDEX ORIENTED STRATEGY - STCG      
GS - INDEX ORIENTED STRATEGY - LTCG      
GS - GMS NEUBERGER BERMAN - STCG      
GS - GMS NEUBERGER BERMAN - LTCG      
GS - GMS NEUBERGER BERMAN - LTCG      
GS - S&P GIVI US - STCG      
GS - S&P GIVI US - LTCG      
GS - VAUGHAN NELSON - STCG      
GS - VAUGHAN NELSON - LTCG      
GS - WCM - STCG      
GS - WCM - LTCG      
MERRILL LYNCH - LTCG      
US TRUST - STCG      
US TRUST - LTCG      
WILLIAM BLAIR - 038 - STCG      
WILLIAM BLAIR - 038 - LTCG      
BDT CAPITAL PARTNERS II - LTCG P    
BDT CAPITAL PARTNERS II - STCG P    
GS - NON DISC - GLOBAL LONG SHORT PARTNERS OFFSHORE P    
GS - NON DISC - GLOBAL LONG SHORT PARTNERS SPV II P    
GS - NON DISC - HEDGE FUND SEEDING STRATEGY OFFSHORE P    
GS - NON DISC - MEZZANINE PARTNERS 2006 OFFSHORE P    
GS - NON DISC - MEZZANINE PARTNERS V OFFSHORE P    
GS - NON DISC - VINTAGE VI - LTCG P    
GS - NON DISC - WEST STREET ENERGY PARTNERS LP - LTCG P    
GS - NON DISC - WEST STREET ENERGY PARTNERS LP - STCG P    
GS - NON DISC - WEST STREET ENERGY PARTNERS AIV-1 - LTCG P    
GS - NON DISC - WEST STREET CAPITAL PARTNERS VII - PARALLEL - LTCG P    
GS - NON DISC - WEST STREET CAPITAL PARTNERS VII - PARALLEL - STCG P    
US TRUST - NB PRIVATE MARKETS FUND II - LTCG P    
US TRUST - NB PRIVATE MARKETS FUND III - LTCG P    
WILLIAM BLAIR - CENTRAL PARK GROUP MANAGER ALLIANCE FUND II - LTCG P    
WILLIAM BLAIR - CENTRAL PARK GROUP MANAGER ALLIANCE FUND II - STCG P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 421,131   303,134 117,997
b 1,231,446   705,947 525,499
c 4     4
d 239,191   239,520 -329
e 5,945,696   5,929,047 16,649
380,000   380,000 0
2,279,247   2,299,547 -20,300
4,966,663   2,460,359 2,506,304
723,763   563,325 160,438
3,644,000   1,913,270 1,730,730
21,587   10,613 10,974
3,718,140   3,088,163 629,977
3,733,142   2,439,879 1,293,263
4,764,808   3,560,480 1,204,328
3,572,831   1,827,804 1,745,027
985,338   953,267 32,071
832,700   488,713 343,987
76,330   129,606 -53,276
987,089   899,627 87,462
3,367,753   1,735,917 1,631,836
8,337   4,242 4,095
38,958   21,785 17,173
276,949     276,949
15,904     15,904
14,419     14,419
5,658     5,658
5,030     5,030
5,940   198,276 -192,336
14,591   135,004 -120,413
167,472     167,472
56,171     56,171
883     883
13,521     13,521
75,517     75,517
244     244
902,065     902,065
511,718     511,718
    208 -208
    51 -51
431,662     431,662
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       117,997
b       525,499
c       4
d       -329
e       16,649
      0
      -20,300
      2,506,304
      160,438
      1,730,730
      10,974
      629,977
      1,293,263
      1,204,328
      1,745,027
      32,071
      343,987
      -53,276
      87,462
      1,631,836
      4,095
      17,173
      276,949
      15,904
      14,419
      5,658
      5,030
      -192,336
      -120,413
      167,472
      56,171
      883
      13,521
      75,517
      244
      902,065
      511,718
      -208
      -51
      431,662
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 14,148,114
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 0
3 Add lines 1 and 2........................... 3 232,145
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- ..... 5 232,145
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 182,400
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 325,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 507,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 678
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 274,577
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet274,577 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    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 addressbulletN/A
    14
    The books are in care ofbulletMADDEN JIGANTI MOORE & SINARS LLP Telephone no.bullet (312) 346-4101

    Located atbullet190 S LASALLE SUITE 1700CHICAGOIL ZIP+4bullet60603
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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
     
     
    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
    MATTHEW M WALSH CEO
    0.00     		0 0 0
    11820 PLAINFIELD ROAD
    BURR RIDGE,IL60521
    JOYCE S WALSH TREAS/DIR
    0.00     		0 0 0
    11820 PLAINFIELD ROAD BURR RIDGE IL
    BURR RIDGE,IL60521
    DANIEL J WALSH PRESIDENT
    0.00     		0 0 0
    1130 N LAKE SHORE DRIVE
    CHICAGO,IL60611
    PATRICIA R WALSH SEC/DIR
    0.00     		0 0 0
    1130 N LAKE SHORE DRIVE
    CHICAGO,IL60611
    E BRYAN DUNIGAN DIRECTOR
    0.00     		0 0 0
    646 FAIR OAKS
    OAK PARK,IL60302
    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...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 NONE 0
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    241,932,090
    b
    Average of monthly cash balances.......................
    1b
    14,237,617
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    256,169,707
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    256,169,707
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    9,913,500
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    246,256,207
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    12,312,810
    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
    12,312,810
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    232,145
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    232,145
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    12,080,665
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    12,080,665
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    12,080,665
    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 12,080,665
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 803,325
    b From 2017...... 387,426
    c From 2018......  
    d From 2019...... 463,172
    e From 2020......  
    f Total of lines 3a through e ........ 1,653,923
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 10,743,500
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 10,743,500
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 1,337,165 1,337,165
    (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 5 316,758
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		316,758
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019.... 316,758
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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
    19TH WARD YOUTH & COMMUNITY FOUNDATION
    10402 S WESTERN AVE
    CHICAGO,IL60643     		    GENERAL CHARITABLE PURPOSES 5,000
    ADVOCATE CHARITABLE FOUNDATION
    3075 HIGHLAND PARKWAY SUITE 600
    DOWNERS GROVE,IL60515     		    GENERAL CHARITABLE PURPOSES 10,000
    ALL STARS PROJECT
    543 W 42ND STREET
    NEW YORK,NY10036     		    GENERAL CHARITABLE PURPOSES 15,000
    AMERICA REMEMBERS FUND
    7200 WISCONSIN AVE SUITE 700
    BETHESDA,MD20814     		    GENERAL CHARITABLE PURPOSES 10,000
    AMITA HEALTH SYSTEMS
    2601 NAVISTAR DR
    LISLE,IL60532     		    GENERAL CHARITABLE PURPOSES 100,000
    ASSUMPTION PARISH
    323 W ILLINOIS ST
    CHICAGO,IL60654     		    GENERAL CHARITABLE PURPOSES 10,000
    AUDITORIUM THEATER
    50 E CONGRESS PARKWAY
    CHICAGO,IL60605     		    GENERAL CHARITABLE PURPOSES 10,000
    BEACON MEMORIAL FOUNDATION
    720 PERSIMMON DR
    WEST CHICAGO,IL60185     		    GENERAL CHARITABLE PURPOSES 10,000
    BEVERLY AREA PLANNING ASSOCIATION
    1987 W 111TH STREET
    CHICAGO,IL60643     		    GENERAL CHARITABLE PURPOSES 5,000
    BIG SHOULDERS FUND
    212 W VAN BUREN SUITE 900
    CHICAGO,IL60607     		    GENERAL CHARITABLE PURPOSES 100,000
    BRAIN RESEARCH FOUNDATION
    111 W WASHINGTON SUITE 1460
    CHICAGO,IL60602     		    GENERAL CHARITABLE PURPOSES 5,000
    CATHOLIC EXTENSION SOCIETY
    150 S WACKER DRIVE
    CHICAGO,IL60606     		    GENERAL CHARITABLE PURPOSES 20,000
    CHICAGO JESUIT ACADEMY
    5058 W JACKSON BLVD
    CHICAGO,IL60644     		    GENERAL CHARITABLE PURPOSES 500,000
    CHICAGO JOURNEYMEN PLUBERS LOCAL 130
    1340 W WASHINGTON BLVD
    CHICAGO,IL60607     		    GENERAL CHARITABLE PURPOSES 10,000
    CHILDREN INTERNATIONAL
    1200 E RED BRIDGE ROAD
    KANSAS CITY,MO64131     		    GENERAL CHARITABLE PURPOSES 50,000
    CHILDREN'S MEDICAL RESEARCH
    901 N LINCOLN BLVD SUITE 305
    OKLAHOMA CITY,OK73104     		    GENERAL CHARITABLE PURPOSES 1,000
    CHRIST THE KING PARISH - CULLEN HUGHES MEMORIAL
    9235 S HAMILTON
    CHICAGO,IL60643     		    GENERAL CHARITABLE PURPOSES 10,000
    CHRIST THE KING PARISH
    9235 S HAMILTON
    CHICAGO,IL60643     		    GENERAL CHARITABLE PURPOSES 320,000
    CIRCLE OF FRIENDS
    709 48TH STREET
    WESTERN SPRINGS,IL60558     		    GENERAL CHARITABLE PURPOSES 10,000
    COOK COUNTY HEALTH FOUNDATION
    980 N MICHIGAN AVENUE SUTIE 1400
    CHICAGO,IL60611     		    GENERAL CHARITABLE PURPOSES 5,000
    DEPAUL COLLEGE PREP
    3633 N CALIFORNIA
    CHICAGO,IL60618     		    GENERAL CHARITABLE PURPOSES 10,000
    EDWARD HOSPITAL FOUNDATION
    801 S WASHINGTON ST
    NAPERVILLE,IL60540     		    GENERAL CHARITABLE PURPOSES 25,000
    ELIM CHRISTIAN SCHOOL
    13020 S CENTRAL AVENUE
    CRESTWOOD,IL60418     		    GENERAL CHARITABLE PURPOSES 25,000
    ERICKSON INSTITUTE
    451 N LASALLE ST
    CHICAGO,IL60654     		    GENERAL CHARITABLE PURPOSES 100,000
    FRANCIS XAVIER WARDE SCHOOL
    751 N STATE STREET
    CHICAGO,IL60654     		    GENERAL CHARITABLE PURPOSES 250,000
    GENEVA LAKE CONSERVANCY
    PO BOX 588 398 MILL STREET
    FONTANA,WI53125     		    GENERAL CHARITABLE PURPOSES 2,000
    GENEVA LAKE WATER SAFETY
    PO BOX 548
    WILLIAMS BAY,WI53191     		    GENERAL CHARITABLE PURPOSES 5,000
    INFANT WELFARE SOCIETY
    3600 W FULLERTON AVENUE
    CHICAGO,IL60647     		    GENERAL CHARITABLE PURPOSES 50,000
    INVEST FOR KIDS
    875 N MICHIGAN AVE SUITE 3400
    CHICAGO,IL60611     		    GENERAL CHARITABLE PURPOSES 10,000
    JOHN CARROLL UNIVERSITY
    1 JOHN CARROLL BLVD
    CLEVELAND,OH44118     		    GENERAL CHARITABLE PURPOSES 50,000
    LALUMIERE
    6801 N WILHELM RD
    LAPORTE,IN46350     		    GENERAL CHARITABLE PURPOSES 100,000
    LANDMARK TRUST USA
    707 KIPLING RD
    DUMMERSTON,VT05301     		    GENERAL CHARITABLE PURPOSES 10,000
    LANDMARKS PRESERVATION COUNCIL
    30 N MICHIGAN AVE SUITE 2020
    CHICAGO,IL60602     		    GENERAL CHARITABLE PURPOSES 10,000
    LOYOLA MEDICAL CENTER
    2160 S 1ST AVENUE
    MAYWOOD,IL60153     		    GENERAL CHARITABLE PURPOSES 25,000
    LOYOLA UNIVERSITY SCHOOL OF SOCIAL WORK
    820 N MICHIGAN AVENUE
    CHICAGO,IL60611     		    GENERAL CHARITABLE PURPOSES 50,000
    LURIE CHILDREN'S HOSPITAL - CYSTIC FIBROSIS
    225 E CHICAGO AVE 282
    CHICAGO,IL60611     		    GENERAL CHARITABLE PURPOSES 100,000
    MAKE A WISH FOUNDATION
    1702 E HIGHLAND AVENUE SUITE 400
    PHOENIX,AZ85016     		    GENERAL CHARITABLE PURPOSES 25,000
    MARILLAC ST VINCENT FAMILY SERVICES
    2145 N HALSTED
    CHICAGO,IL60614     		    GENERAL CHARITABLE PURPOSES 1,000,000
    MEALS ON WHEELS
    1550 CRYSTAL DRIVE SUITE 1004
    ARLINGTON,VA22202     		    GENERAL CHARITABLE PURPOSES 5,000
    MERCY HOME FOR BOYS AND GIRLS
    1140 W JACKSON BLVD
    CHICAGO,IL60607     		    GENERAL CHARITABLE PURPOSES 520,000
    MISERICORDIA
    6300 N RIDGE
    CHICAGO,IL60660     		    GENERAL CHARITABLE PURPOSES 1,300,000
    MOTHER MCAULEY HIGH SCHOOL
    3737 W 99TH ST
    CHICAGO,IL60655     		    GENERAL CHARITABLE PURPOSES 500,000
    MOUNT CARMEL HIGH SCHOOL
    6410 S DANTE AVENUE
    CHICAGO,IL60637     		    GENERAL CHARITABLE PURPOSES 10,000
    NAZARETH ACADEMY
    1209 W OGDEN AVENUE
    LAGRANGE PARK,IL60526     		    GENERAL CHARITABLE PURPOSES 425,000
    NORTHWESTERN HEALTH FOUNDATION
    2232 W OAKDALE AVE
    CHICAGO,IL60618     		    GENERAL CHARITABLE PURPOSES 25,000
    OLD ST PAT'S CHURCH
    700 W ADAMS
    CHICAGO,IL60661     		    GENERAL CHARITABLE PURPOSES 25,000
    PEGGY NOTEBAERT NATURE MUSEUM
    2430 N CANON DRIVE
    CHICAGO,IL60614     		    GENERAL CHARITABLE PURPOSES 12,500
    PLEASANTVILLE FIRE DEPARTMENT
    75 WASHINGTON AVENUE
    PLEASANTVILLE,NY10570     		    GENERAL CHARITABLE PURPOSES 5,000
    PURDUE FOUNDATION
    403 W WOOD STREET
    WEST LAFAYETTE,IN47907     		    GENERAL CHARITABLE PURPOSES 150,000
    PURDUE UNIVERSITY
    403 W WOOD STREET
    WEST LAFAYETTE,IN47907     		    GENRAL CHARITABLE PURPOSES 150,000
    REV ANTHONY BARRETT - CATHOLIC DIOCESE OF ALBANY
    40 N MAIN AVENUE
    ALBANY,NY12203     		    GENERAL CHARITABLE PURPOSES 20,000
    ST BARNABAS
    10134 S LONGWOOD DRIVE
    CHICAGO,IL60643     		    GENERAL CHARITABLE PURPOSES 25,000
    ST BENEDICT'S GRAMMAR SCHOOL
    2215 W IRVING PARK
    CHICAGO,IL60618     		    GENERAL CHARITABLE PURPOSES 50,000
    ST GEORGE CORPORATE FOUNDATION
    12251 S 80TH AVE
    PALOS HEIGHTS,IL60463     		    GENERAL CHARITABLE PURPOSES 10,000
    ST GILES SCHOOL
    1030 LINDEN AVENUE
    OAK PARK,IL60302     		    GENERAL CHARITABLE PURPOSES 50,000
    ST IGNATIUS COLLEGE PREP - BILL MADDEN SCHOLARSHIP
    1076 W ROOSEVELT RD
    CHICAGO,IL60608     		    GENERAL CHARITABLE PURPOSES 25,000
    ST IGNATIUS COLLEGE PREP - BOB KRAMER SCHOLARSHIP
    1076 W ROOSEVELT RD
    CHICAGO,IL60608     		    GENERAL CHARITABLE PURPOSES 25,000
    ST IGNATIUS COLLEGE PREP - KATHERINE CHANDLER FUND
    1076 W ROOSEVELT RD
    CHICAGO,IL60608     		    GENERAL CHARITABLE PURPOSES 100,000
    ST IGNATIUS COLLEGE PREP - MARTIN DE PORRES SCHOLARSHIP
    1076 W ROOSEVELT RD
    CHICAGO,IL60608     		    GENERAL CHARITABLE PURPOSES 25,000
    ST IGNATIUS COLLEGE PREP
    1076 W ROOSEVELT RD
    CHICAGO,IL60608     		    GENERAL CHARITABLE PURPOSES 3,000,000
    ST JOHN OF THE CROSS
    5005 WOLF ROAD
    WESTERN SPRINGS,IL60558     		    GENERAL CHARITABLE PURPOSES 275,000
    ST LUKE'S GRAMMAR SCHOOL
    528 LATHROP AVENUE
    RIVER FOREST,IL60305     		    GENERAL CHARITABLE PURPOSES 50,000
    ST MALACHY SCHOOL
    2252 W WASHINGTON BLVD
    CHICAGO,IL60612     		    GENERAL CHARITABLE PURPOSES 10,000
    ST MARY'S COLLEGE
    SR 933
    NOTRE DAME,IN46656     		    GENERAL CHARITABLE PURPOSES 100,000
    ST SABINA PARISH
    1210 W 78TH PLACE
    CHICAGO,IL60620     		    GENERAL CHARITABLE PURPOSES 100,000
    TUTORING CHICAGO
    2145 N HALSTED
    CHICAGO,IL60614     		    GENERAL CHARITABLE PURPOSES 10,000
    UNIVERSITY OF NOTRE DAME
    724 GRACE HALL
    NOTRE DAME,IN46556     		    GENERAL CHARITABLE PURPOSES 428,000
    VILLAGE OF BURR RIDGE
    7660 COUNTY LINE ROAD
    BURR RIDGE,IL60527     		    GENERAL CHARITABLE PURPOSES 5,000
    WBEZ
    848 E GRAND
    CHICAGO,IL60611     		    GENERAL CHARITABLE PURPOSES 25,000
    WELLNESS HOUSE
    131 N COUNTY LINE ROAD
    HINSDALE,IL60521     		    GENERAL CHARITABLE PURPOSES 25,000
    WFMT
    5400 N ST LOUIS
    CHICAGO,IL60625     		    GENERAL CHARITABLE PURPOSES 25,000
    WILLIAM H BROWN SCHOOL
    54 N HERMITAGE
    CHICAGO,IL60625     		    GENERAL CHARITABLE PURPOSES 100,000
    WOMENS CARE CENTERS
    PO BOX 6
    MISHAWAKA,IN46546     		    GENERAL CHARITABLE PURPOSES 5,000
    WTTW
    5400 N ST LOUIS
    CHICAGO,IL60625     		    GENERAL CHARITABLE PURPOSES 75,000
    Total .................................bullet 3a 10,743,500
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		        3,013
    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 ............     		        14,148,114
    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) .. 0 0 18,008,076
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    18,008,076
    (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.)
    3 THESE ITEMS ARE A DIRECT RESULT OF THE FOUNDATION DIRECTORS' INVESTMENT OF THE FOUNDATION ASSETS IN A PRUDENT MANNER WHICH IS CONSISTENT WITH THEIR FIDUCIARY DUTY TO THE FOUNDATION.
    4 THESE ITEMS ARE A DIRECT RESULT OF THE FOUNDATION DIRECTORS' INVESTMENT OF THE FOUNDATION ASSETS IN A PRUDENT MANNER WHICH IS CONSISTENT WITH THEIR FIDUCIARY DUTY TO THE FOUNDATION.
    7 THESE ITEMS ARE A DIRECT RESULT OF THE FOUNDATION DIRECTORS' INVESTMENT OF THE FOUNDATION ASSETS IN A PRUDENT MANNER WHICH IS CONSISTENT WITH THEIR FIDUCIARY DUTY TO THE FOUNDATION.
    8 THESE ITEMS ARE A DIRECT RESULT OF THE FOUNDATION DIRECTORS' INVESTMENT OF THE FOUNDATION ASSETS IN A PRUDENT MANNER WHICH IS CONSISTENT WITH THEIR FIDUCIARY DUTY TO THE FOUNDATION.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 CashDeemedCharitableExplnStmt
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Explanation:
    THE WALSH FOUNDATION ANNUALLY MAKES CASH CHARITABLE CONTRIBUTIONS IN AMOUNTS WHICH ARE INTENDED TO AVOID THE IRC SECTION 4942 TAX FOR FAILURE TO DISTRIBUTE THE MINIMUM INVESTMENT RETURN. ASSETS OTHER THAN CASH BALANCES ARE DEDICATED TO VARIOUS INVESTMENT VEHICLES HAVING VARYING DEGREES OF LIQUIDITY. TO ASSURE ITS ABILITY TO MEET THE CHARITABLE DISBURSEMENT OBJECTIVES, A CASH BALANCE IS MAINTAINED WHICH IS AT LEAST EQUAL TO THE PRIOR YEAR DISTRIBUTIONS. THE 2020DISTRIBUTION AMOUNT WAS $9,913,500.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS - GS GOV/CORP FI 32,002,993 31,945,140
    WILLIAM BLAIR - MUTUAL FUNDS 5,059,280 4,812,205
    GOLDMAN SACHS - TACTICAL TRADING 3,979,782 4,057,774
    US TRUST MASTER ACCOUNT 360,000 359,184

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MERRILL LYNCH FMV 1,159,610 2,882,394
    GOLDMAN SACHS - NEUBERGER BERMAN FMV 7,281,216 11,488,575
    GOLDMAN SACHS - TACTICAL TRADING FMV 1,341,755 4,726,212
    US TRUST MASTER ACCOUNT FMV 3,790,449 5,373,732
    US TRUST ROB-MCV FMV 1,365,990 2,156,436
    US TRUST JAN-MCG FMV 1,063,665 2,121,915
    US TRUST WEL-SCV FMV 787,257 996,757
    WILLIAM BLAIR - CPG BLACKSTONE FMV 66,440 143,301
    WILLIAM BLAIR - MUTUAL FUNDS FMV 4,194,888 5,559,528
    GOLDMAN SACHS - NON-DISC BROKERAGE - MOUNT KELLETT CAPITAL FMV 367,201 155,422
    INVESTMENT IN WF RIC II, LLC FMV 1,722,532 8,763,432
    US TRUST HQC FMV 2,578,643 5,811,635
    GOLDMAN SACHS - NON-DISC BROKERAGE - GROWTH & EMERGING MARKET FMV 661,858 1,615,118
    US TRUST MASTER-EXCELSIOR PRIVATE MARKETS II FMV 1,030,390 906,467
    GOLDMAN SACHS - NON-DISC BROKERAGE - WEST STREET ENERGY PARTNERS (BROAD) FMV 316,298 318,855
    GOLDMAN SACHS - NON-DISC BROKERAGE - WEST STREET ENERGY PARTNERS-AIV-1 FMV 372,889 271,618
    INVESTMENT IN WF RIC II-ADV IND FMV 11,145 136,276
    US TRUST MASTER-EXCELSIOR PRIVATE MARKETS FUND III FMV 928,611 1,563,827
    US TRUST IFE FMV 2,404,509 3,632,776
    GOLDMAN SACHS - GMS GANNETT WELSH & KOTLER FMV 6,330,635 10,223,382
    GOLDMAN SACHS - INDEX ORIENTED STRATEGY FMV 24,830,037 45,723,227
    US TRUST PER-SCG FMV 521,728 807,954
    GS-WCM DYNAMIC EQUITY FMV 6,206,175 10,499,470
    BDT CAPITAL PARTNERS FUND II FMV 5,357,683 7,466,680
    GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2015 FMV 297,790 1,904,774
    GOLDMAN SACHS - S&P GIVI US FMV 19,888,144 33,274,753
    GOLDMAN SACHS - VAUGHAN NELSON FMV 8,651,500 11,331,653
    US TRUST LOO-LCG FMV 524,939 1,278,865
    GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2016 FMV 1,010,963 2,200,755
    GOLDMAN SACHS - NON-DISC BROKERAGE - VINTAGE FUND VII FMV 566,441 1,476,900
    GOLDMAN SACHS - NON-DISC BROKERAGE - WEST STREET CAPITAL PARTNERS VII FMV 709,430 1,180,193
    GOLDMAN SACHS - TACTICAL TRADING - ARTISAN DYNAMIC EQUITY FMV 9,000,000 11,895,271
    GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2017 FMV 1,026,316 2,350,432
    GOLDMAN SACHS - NON-DISC BROKERAGE - VINTAGE FUND VII AIV FMV 91,366 107,119
    GOLDMAN SACHS - NON-DISC BROKERAGE - PETERSHILL FMV 137,500 270,430
    BDT FUND II-A SPIRITS LP FMV 108,137 201,690
    GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2018 FMV 909,940 1,365,065
    GOLDMAN SACHS - NON-DISC BROKERAGE - WEST STREET CAPITAL PARTNERS VII-PARA B FMV 105,939 176,351
    GOLDMAN SACHS - NON-DISC BROKERAGE - RENEWABLE POWER LLC FMV 231,877 335,500
    WILLIAM BLAIR (038) FMV 523,513 840,343
    GOLDMAN SACHS - NON-DISC BROKERAGE - VINTAGE FUND VIII FMV 584,491 1,253,982
    GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2019 FMV 810,450 1,373,259
    GOLDMAN SACHS - NON-DISC BROKERAGE - WS STRATEGIC SOLUTIONS FMV 713,799 806,468
    GOLDMAN SACHS - NON-DISC BROKERAGE - HORIZON E&C SOLUTIONS FEEDER FMV 200,000 175,428
    GOLDMAN SACHS - NON-DISC BROKERAGE - GLOBAL LONG SHORT FMV 0 71,680
    GOLDMAN SACHS - NON-DISC BROKERAGE - VINTAGE VI FMV 0 554,762

    TY 2021 OtherExpensesSchedule
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES FROM INVESTMENT ACCOUNTS 940,036 940,036   0
    INVESTMENT INTEREST EXPENSE FROM PARTNERSHIPS 7,032 7,032   0
    ADVISORY FEES 22,313 22,313   0
    CONSULTING EXPENSES 10,000 10,000   0
    INVESTMENT EXPENSES FROM PARTNERSHIPS 18,348 18,348   0
    PARTNERSHIP DEDUCTIONS 130,041 130,041   0
    MISCELLANEOUS EXPENSES 22,908 22,908   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BLAIR-CPG BLACKSTONE-OTHER INCOME 923 923 923
    BLAIR - CPG BLACKSTONE - SECTION 1256 GAINS -149 -149 -149
    MISCELLANEOUS INCOME 2,534 2,534 2,534
    OTHER INCOME 45,477 45,477 45,477


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL EXCISE TAX PAYABLE 40,886 50,423


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL, ACCOUNTING & TAX COMPLIANCE PROFESSIONAL FEES 35,125 35,125   0


    TY 2021 TaxesSchedule
    Name:
    THE WALSH FOUNDATION
     
    C/O MADDEN JIGANTI MOORE & SINARS
    EIN:
    36-3994447
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TOTAL FOREIGN INCOME TAX WITHHELD 62,834 62,834   0
    ADR FEES 3,792 3,792   0
    RECLAIMABLE FOREIGN TAX 10,345 10,345   0
    MISCELLANEOUS TAX FEES 44,231 44,231   0
    FEDERAL INCOME TAXES 233,331 0   0