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
FULCRUM FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1685 S COLORADO BLVD UNIT S 358
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DENVER, CO80222
A Employer identification number

23-3081735
B Telephone number (see instructions)

(215) 246-2300
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$39,332,804J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,109,807 1,108,488  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 977,441
b Gross sales price for all assets on line 6a 9,906,117
7 Capital gain net income (from Part IV, line 2)... 977,441
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 9,928 5,241  
12 Total. Add lines 1 through 11........ 2,097,176 2,091,170  
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)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 36,425 8,474   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 12,778 12,778   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 49,203 21,252   0
25 Contributions, gifts, grants paid....... 2,255,000 2,255,000
26 Total expenses and disbursements. Add lines 24 and 25 2,304,203 21,252   2,255,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -207,027
b Net investment income (if negative, enter -0-) 2,069,918
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............. 53,067 1,105,673 1,105,673
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 5,183,236 Click to see attachment5,183,236 6,478,510
b Investments—corporate stock (attach schedule)....... 19,774,154 Click to see attachment15,711,374 23,426,060
c Investments—corporate bonds (attach schedule)....... 5,396,601 Click to see attachment8,184,118 8,144,905
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 166,986 Click to see attachment147,810 177,656
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) 30,574,044 30,332,211 39,332,804
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 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 30,574,044 30,332,211
29 Total net assets or fund balances (see instructions)..... 30,574,044 30,332,211
30 Total liabilities and net assets/fund balances (see instructions). 30,574,044 30,332,211
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
30,574,044
2
Enter amount from Part I, line 27a .....................
2
-207,027
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
30,367,017
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
34,806
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
30,332,211
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 2,000 SHS ELAN MICROELECTRON ORD F P 2021-01-08 2021-10-04
b 510 SHS FAIRFAX INDIA HOLDINGS F P 2017-12-14 2021-09-03
c 50 SHS FAIRFAX INDIA HOLDINGS F P 2017-12-14 2021-12-16
d 3,900 SHS HANA MICROELECTRS NEW FUNIT NON VOTING DEP RCPT P 2019-04-04 2021-06-09
e 5,000 SHS KERRY LOGISTICS NE ORDF P 2020-02-10 2021-02-11
6,500 SHS KERRY LOGISTICS NE ORDF P 2017-12-22 2021-08-24
500 SHS KERRY LOGISTICS NE ORDF P 2020-02-10 2021-08-24
3,000 SHS KERRY LOGISTICS NE ORDF P 2020-03-11 2021-08-24
1,901.22 SHS PACIFIC HOSPTL SPL ORDF P 2016-12-01 2021-10-01
1,098.77 SHS PACIFIC HOSPTL SPL ORDF P 2017-12-22 2021-10-01
0.80 SHS KYNDRYL HLDGS INC P 2016-11-30 2021-11-04
62,730 SHS VANGUARD ULTRA-SHORT-TERM B P 2021-03-01 2021-12-06
30,276 SHS JANUS HENDERSON US MANAGED P 2020-12-21 2021-01-05
94,582 SHS JANUS HENDERSON US MANAGED P   2021-01-06
51,541 SHS JANUS HENDERSON US MANAGED P   2021-12-06
73,928 SHS JANUS HENDERSON US MANAGED P   2021-12-06
FROM MARATHON K-1 P   2021-12-31
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 10,387   11,738 -1,351
b 5,524   7,678 -2,154
c 605   753 -148
d 8,421   4,022 4,399
e 15,721   8,230 7,491
20,021   8,999 11,022
1,540   823 717
9,241   4,127 5,114
4,890   4,646 244
2,826   2,814 12
20   27 -7
1,258,980   1,263,991 -5,011
349,980   351,211 -1,231
1,099,980   1,069,015 30,965
686,004   533,529 152,475
983,976   654,235 329,741
4,459     4,459
440,704     440,704
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       -1,351
b       -2,154
c       -148
d       4,399
e       7,491
      11,022
      717
      5,114
      244
      12
      -7
      -5,011
      -1,231
      30,965
      152,475
      329,741
      4,459
      440,704
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 2 977,441
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 28,772
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 28,772
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 20,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 26,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 46,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 17,228
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet17,228 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCO
    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 ofbulletRALPH J ROBERTS JR Telephone no.bullet (215) 246-2300

    Located atbulletPMB 358 1685 S COLORADO BLVD UNIT FDENVERCO ZIP+4bullet802224040
    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
    RALPH J ROBERTS JR TRUSTEE
    0.00     		0 0 0
    PMB 358 1685 S COLORADO BLVD UNIT F
    DENVER,CO802224040
    KIMBERLEY I ROBERTS TRUSTEE
    0.00     		0 0 0
    PMB 358 1685 S COLORADO BLVD UNIT F
    DENVER,CO802224040
    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  
    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.........................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
    38,114,732
    b
    Average of monthly cash balances.......................
    1b
    917,827
    c
    Fair market value of all other assets (see instructions)................
    1c
    172,320
    d
    Total (add lines 1a, b, and c).........................
    1d
    39,204,879
    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
    39,204,879
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    588,073
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    38,616,806
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,930,840
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    1,930,840
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    28,772
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    28,772
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,902,068
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,902,068
    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
    1,902,068
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 1,902,068
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 1,447,017
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,255,000
    a Applied to 2020, but not more than line 2a 1,447,017
    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..... 807,983
    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 ..........     		1,094,085
    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....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    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
    AFRICAN COMMUNITY CENTER
    925 S NIAGARA STREET SUITE 200
    DENVER,CO80224     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 15,000
    AFRICAN SCHOOL ASSISTANCE PROGRAM
    191 UNIVERSITY BLVD 285
    DENVER,CO80206     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 25,000
    ANTI-DEFAMATION LEAGUE
    1120 LINCOLN STREET SUITE 1301
    DENVER,CO80203     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 25,000
    BIG BROTHERS BIG SISTERS OF COLORADO
    750 W HAMPDEN AVE SUITE 450
    ENGLEWOOD,CO80110     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 25,000
    CENTER FOR AMERICAN INDIAN HEALTH
    701 SAINT JOSEPH ST STE 204
    RAPID CITY,SD57701     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 20,000
    CHILDREN'S HOSPITAL FOUNDATION
    13123 E 16TH AVE BOX 045
    AURORA,CO80045     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 25,000
    CLEAN AIR TASK FORCE
    114 STATE STREET 6TH FLOOR
    BOSTON,MA02109     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    CLIMATE EMERGENCY FUND
    8383 WILSHIRE BLVD STE 400
    BEVERLY HILLS,CA90211     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    COALITION FOR RAINFOREST NATIONS
    52 VANDERBILT AVENUE 14TH FLOOR
    NEW YORK,NY10017     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    COLORADO COALITION FOR THE HOMELESS
    2111 CHAMPA STREET
    DENVER,CO80205     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    COLORADO I HAVE A DREAM FOUNDATION
    1836 GRANT ST
    DENVER,CO80203     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 10,000
    CU ANSCHUTZ FUND FOR EXCELLENCE
    1800 GRANT STREET
    DENVER,CO80203     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 25,000
    DELORES PROJECT
    1290 KING STREET
    DENVER,CO80204     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 30,000
    DENVER CHILDREN'S ADVOCACY CENTER
    2149 FEDERAL BLVD
    DENVER,CO80211     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 75,000
    DENVER PUBLIC SCHOOL FOUNDATION
    1860 LINCOLN ST
    DENVER,CO80203     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    DENVER URBAN GARDENS
    1031 33RD ST STE100
    DENVER,CO80205     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 10,000
    DOCTORS WITHOUT BORDERS
    40 RECTOR STREET 16TH FLOOR
    NEW YORK,NY10006     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    ENERGY OUTREACH COLORADO
    225 EAST 16TH AVENUE
    DENVER,CO80203     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 25,000
    FARE STARTCATALYST KITCHENS
    PO BOX 102894
    PASADENA,CA91189     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 20,000
    FEEDING AMERICA
    35 EAST WACKER DRIVE SUITE 2000
    CHICAGO,IL60601     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 150,000
    FLORENCE CRITTENTON SERVICES
    96 SOUTH ZUNI STREET
    DENVER,CO80223     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 25,000
    FOOD BANK OF THE ROCKIES
    10700 EAST 45TH AVE
    DENVER,CO80239     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 150,000
    FORTIFY RIGHTS
    PO BOX 110
    BELFAST,ME04915     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 10,000
    GIVEDIRECTLY
    CHURCH STREET STATION
    NEW YORK,NY10008     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    HELEN KELLER INTERNATIONAL
    ONE DAG HAMMARSKJOLD PLAZA FLOOR 2
    NEW YORK,NY10017     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    HIAS
    1300 SPRING STREET
    SILVER SPRING,MD20910     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 25,000
    INTERNATIONAL RESCUE COMMITTEE
    PO BOX 6068
    ALBERT LEA,MN56007     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 25,000
    JAZZ FOUNDATION OF AMERICA
    247 WEST 37TH STREET
    NEW YORK,NY10018     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 35,000
    LIFE AFTER HATE
    116 W JACKSON BLVD SUITE 109/MB 349
    CHICAGO,IL60604     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 5,000
    LOGAN SCHOOL
    1005 YOSEMITE STREET
    DENVER,CO80230     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 25,000
    MAYO CLINIC
    200 FIRST ST SW
    ROCHESTER,MN55905     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    MILE HIGH UNITED WAY
    711 PARK AVE WEST
    DENVER,CO80205     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    MUSEUM OF CONTEMPORARY ART DENVER
    1485 DELGANEY STREET
    DENVER,CO80202     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 25,000
    NATURE CONSERVANCY
    4245 NORTH FAIRFAX DRIVE ST 100
    ARLINGTON,VA22203     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    NO KID HUNGRY
    1030 15TH ST NW STE 1100
    WASHINGTON,DC20005     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 20,000
    OCEAN CONSERVANCY
    1300 19TH STREET NW
    WASHINGTON,DC20036     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 25,000
    ONE TO ONE
    BOX 1574
    TELLURIDE,CO81439     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 5,000
    PLANNED PARENTHOOD OF THE ROCKY MOUNTAINS
    7155 EAST 38TH AVENUE
    DENVER,CO80207     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    PROJECT ANGEL HEARTS
    4950 WASHINGTON STREET
    DENVER,CO80216     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 5,000
    PROJECT WORTHMORE
    1609 HAVANA STREET
    AURORA,CO80010     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 10,000
    RAICES
    1305 N FLORES STREET
    SAN ANTONIO,TX78212     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    RAINFOREST FOUNDATION US
    1000 DEAN ST 430
    BROOKLYN,NY11238     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    RAINFOREST TRUST
    7200 LINEWEAVER ROAD STE 100
    WARRENTON,VA20187     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    REVISION
    3800 MORRISON ROAD
    DENVER,CO80219     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 25,000
    ROCKY MOUNTAIN IMMIGRATION ADVOCACY CENTER
    3489 W 72ND AVENUE 211
    WESTMINISTER,CO80030     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 10,000
    ROSE COMMUNITY FOUNDATION
    4500 E CHERRY CREEK SOUTH DR STE
    900
    DENVER,CO80246     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 15,000
    SAFEHOUSE DENVER
    1649 DOWNING STREET
    DENVER,CO80218     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 150,000
    SAN MIGUEL RESOURCE CENTER
    PO BOX 3243
    TELLURIDE,CO81435     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 5,000
    SAVE THE CHILDREN
    501 KINGS HIGHWAY EAST SUITE 400
    FAIRFIELD,CT06825     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    SPARKY LATINA SCHOLARSHIP FUND
    PO BOX 4222
    TELLURIDE,CO81435     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 10,000
    TELLURIDE FILM FESTIVAL
    236 W COLORADO AVENUE
    TELLURIDE,CO81435     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 100,000
    THE GATHERING PLACE
    1535 HIGH STREET
    DENVER,CO80218     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 30,000
    THE TRUST FOR PUBLIC LAND
    1410 GRANT STREET
    DENVER,CO80203     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 75,000
    URBAN PEAK
    2100 STOUT STREET
    DENVER,CO80205     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 20,000
    USA FOR UNHRC
    1310 L STREET NEW STE 450
    WASHINGTON,DC20005     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 25,000
    WARREN VILLAGE
    1323 GILPIN STREET
    DENVER,CO80218     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 25,000
    WIKIMEDIA FOUNDATION
    1 MONTGOMERY STREET SUITE 1600
    SAN FRANCISCO,CA94104     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 50,000
    WILD EARTH GUARDIANS
    516 ALTO STREET
    SANTA FE,NM87501     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 40,000
    WOMEN'S WILDERNESS
    1206 EUCLID AVE
    BOULDER,CO80302     		NONE PC TO FUND THE RECIPIENT'S OPERATING BUDGET 5,000
    Total .................................bullet 3a 2,255,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    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 ............     		    18 977,441  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMARATHON EUROPEAN CREDIT OPPORTUNITY FUND     		901101 4,687      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 4,687 2,092,489 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,097,176
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    FULCRUM FOUNDATION
    EIN:
    23-3081735
    Name of Bond End of Year Book Value End of Year Fair Market Value
    406,027 SHS VANGUARD ULTRA-SHORT-TER 8,184,118 8,144,905

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    FULCRUM FOUNDATION
    EIN:
    23-3081735
    Name of Stock End of Year Book Value End of Year Fair Market Value
    510 SHS CITIGROUP INC 26,298 30,799
    9,500 SHS JOHNSON ELEC HLDGS 23,986 20,130
    9,000 SHS FAIRWOOD HLDGS 21,221 17,893
    8,900 SHS HANA MICROELECTRS NEW 8,902 23,579
    8,000 SHS SUNTEC REAL ESTATE 9,053 8,957
    79 SHS FEDEX CORP 11,978 20,433
    780 SHS FANUC LTD JAPAN 14,514 16,606
    1,200 SHS AMADA CO LTD 12,347 11,544
    77 SHS APTIV PLC 3,506 12,701
    7,900 SHS SINGAPORE TECH ENG 20,271 22,026
    7,800 SHS CPALL PUBLIC CO LT 10,811 13,416
    7,000 SHS TAIWAN CEMENT CORP 11,534 12,116
    65 SHS MASTERCARD INC 2,770 23,356
    61 SHS ESTEE LAUDER CO INC 3,925 22,582
    53 SHS BROADCOM INC 6,666 35,267
    70,559 SHS JANUS HENDERSON US MANAG 632,892 754,278
    3,500 STANDARD CHARTERED 26,026 20,763
    51,160 SHS HARDING LOEVNER INTERNAT 1,097,789 1,538,369
    300 SHS OMRON CORP 14,849 29,055
    1,100 SHS KENNEDY WILSON HLDGS 17,662 26,268
    40 SHS BECTON DICKINSON&CO 10,477 10,059
    5,300 SHS BANGKOK BANK PUB C 24,471 18,709
    48,132 SHS COMCAST CORP 1,853,194 2,422,484
    48 SHS VIATRIS INC 734 649
    44,100 SHS AMATA CORP PUBLIC 16,148 27,723
    420 SHS HSBC HLDGS PLC 13,819 12,663
    5,797 SHS PACIFIC HOSPTL SPL 12,838 15,840
    42,965 SHS BARON FIFTH AVENUE GROWTH 493,403 2,387,578
    500 SHS C K HUTCHISON HOLD 5,566 3,226
    372,756.36 SHS GOVT MONEY FUND: SGUXX 372,756 372,756
    360 SHS TAIWAN SEMICONDUCTR 11,877 43,312
    35,273 SHS SCHWAB FUNDAMENTAL INL 999,637 1,146,725
    34,359 SHS SPDR MSCI ACWI EX-US 999,919 1,007,062
    34,000 SHS PACIFIC TEXTILES 21,131 16,048
    300 SHS TENCENT HOLDINGS 1,528 17,577
    390 SHS PFIZER INC 13,492 23,030
    28,811 SHS VANGUARD GLOBAL EQUITY I 706,981 1,108,355
    270 SHS ISHARES MSCI MEXICO ETF 13,297 13,662
    110 SHS LEG IMMOBILIEN AG 9,817 14,883
    23,900 SHS ASCOTT RESIDENCE T 18,477 18,254
    23,000 SHS STARHILL GLOBAL RE 9,803 11,171
    220 SHS MOHAWK INDUSTRIES 25,168 40,080
    210 SHS CROWN HOLDINGS INC 9,607 23,230
    200 SHS KAO CORP 10,555 10,226
    200 SHS DAIFUKU CO LTD 9,757 15,960
    2,400 SHS AIA GROUP LTD 17,167 24,196
    260 SHS HDFC BANK LTD 7,564 16,918
    2,130 SHS C K HUTCHSON HOLDINGS 21,912 13,675
    2,000 SHS KMC KUEI MENG INTL 15,065 14,243
    2,000 SHS ELAN MICROELECTRON 11,728 12,289
    186 SHS MORGAN STANLEY INDIA INV 5,152 4,966
    180 SHS VERALLIA COURBEVOI 6,744 6,338
    180 SHS MERSEN 7,256 7,555
    180 SHS ISHARES TR IS 1 5 YR IN 9,486 9,698
    2,000 SHS LINK REAL ESTATE I 15,912 17,611
    18,000 AIDC/AEROSPACE IND 19,610 19,050
    172 SHS APPLE INC 2,029 30,542
    166,860 SHS SCHWAB FUNDAMENTAL US 5,699,980 9,779,665
    150 SHS STANLEY BLACK & DECK 19,831 28,293
    139 SHS IBM CORP 20,496 18,579
    130 SHS NESTLE S A 9,711 18,248
    13,400 SHS PUREGOLD PRICE CLUB 11,186 10,327
    13,000 SHS FORTUNE REIT 11,847 13,356
    115 SHS MICROSOFT CORP 6,104 38,677
    11,000 SHS KEPPEL REIT 6,919 9,217
    27 SHS KYNDRYL HOLDINGS INC 871 489
    11 SHS ALPHABET INC. 3,213 31,829
    106 SHS DIGITAL REALTY TRUST 13,533 18,748
    1,700 SHS VENTURE CORP LTD 13,543 23,081
    1,500 SHS TECHTRONIC INDUSTR 5,217 29,860
    1,500 SHS NTNL AUSTRALIA BANK 8,072 15,825
    1,300 SHS IFAST CORP LTD 5,712 8,097
    1,297 SHS LIBERTY LATIN AMER 24,052 14,786
    163,564 SHS JANUS HENDERSON US MANAG 2,070,010 1,748,502

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    FULCRUM FOUNDATION
    EIN:
    23-3081735
    US Government Securities - End of Year Book Value:

    5,183,236
    US Government Securities - End of Year Fair Market Value:

    6,478,510
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    FULCRUM FOUNDATION
    EIN:
    23-3081735
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MARATHON EUROPEAN CREDIT OPP FUND II, LP AT COST 147,810 177,656

    TY 2021 OtherDecreasesSchedule
    Name:
    FULCRUM FOUNDATION
    EIN:
    23-3081735
    Description Amount
    TIMING AND OTHER BOOK DIFFERENCES 34,806


    TY 2021 OtherExpensesSchedule
    Name:
    FULCRUM FOUNDATION
    EIN:
    23-3081735
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISC FEES-SCHWAB 0917 0 0   0
    MISC FEES SCHWAB - 2625 60 60   0
    MARATHON EXPENSES 3,879 3,879   0
    MISC FEES-SCHWAB 6971 8,839 8,839   0


    TY 2021 OtherIncomeSchedule2
    Name:
    FULCRUM FOUNDATION
    EIN:
    23-3081735
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MARATHON EUROPEAN CREDIT OPP FUND II, LP 577 577 577
    OTHER INCOME FROM MARATHON SECTION 988 GAIN 4,664 4,664 4,664
    MARATHON EUROPEAN CREDIT OPPORTUNITY FUND 4,687   4,687


    TY 2021 TaxesSchedule
    Name:
    FULCRUM FOUNDATION
    EIN:
    23-3081735
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF TAXES PAID 26,000 0   0
    990-T TAXES PAID 321 0   0
    EXCISE TAX TAXES PAID 1,630 0   0
    FOREIGN TAXES CHARLES SCHWAB - 0917 7,070 7,070   0
    FOREIGN TAXES CHARLES SCHWAB - 2625 0 0   0
    FOREIGN TAXES CHARLES SCHWAB - 6971 1,404 1,404   0