TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

Do not enter social security numbers on this form as it may be made public.
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Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021

Name of foundation
TTEES UNIV OF MICHIGAN LAW SCHOOL

Number and street (or P.O. box number if mail is not delivered to street address)388 GREENWICH ST TAX 19TH FL
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10013

A Employer identification number

13-6053039

B Telephone number (see instructions)

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$60,267,383J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	908,611		900,405
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		3,678,641
b	Gross sales price for all assets on line 6a 10,988,179
7	Capital gain net income (from Part IV, line 2)...			3,678,641
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		615,886	613,341
12	Total. Add lines 1 through 11........	5,203,138		5,192,387
13	Compensation of officers, directors, trustees, etc.	87,718		43,859		43,859
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		750	0	0	750
c	Other professional fees (attach schedule)....		30,167	30,167		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		148,862	46,751		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		108,888	100,023		1,500
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	376,385		220,800	0	46,109
25	Contributions, gifts, grants paid.......	2,417,913				2,417,913
26	Total expenses and disbursements. Add lines 24 and 25	2,794,298		220,800	0	2,464,022
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,408,840
b	Net investment income (if negative, enter -0-)			4,971,587
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	5,670,123	6,278,519	6,278,571
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	33,630,105	38,231,832	53,988,812
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	39,300,228	44,510,351	60,267,383
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	39,300,228	44,510,351
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	39,300,228	44,510,351
	30	Total liabilities and net assets/fund balances (see instructions).	39,300,228	44,510,351

Part III

Analysis of Changes in Net Assets or Fund Balances

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

39,300,228

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

2,408,840

Other increases not included in line 2 (itemize) bullet

3,310,136

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

45,019,204

Decreases not included in line 2 (itemize) bullet

508,853

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

44,510,351

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	546. FLIR SYS INC		2020-04-28	2021-01-06
b	427. TAIWAN SEMICONDUCTOR-SP ADR		2013-12-16	2021-01-12
c	565. RIO TINTO		2020-03-13	2021-01-13
d	357. DAIFUKU CO LTD NPV		2018-11-01	2021-01-13
e	10158. MITSUBISHI UFJ FINANCIAL GROUP		2015-08-13	2021-01-13
	394. HEXAGON AB SER'B'NPV		2018-11-20	2021-01-13
	832. PANDORA A/S		2017-05-09	2021-01-13
	452. VIATRIS INC COM		2005-03-04	2021-01-19
	343. DAIFUKU CO LTD NPV		2018-11-01	2021-01-26
	658. HONG KONG EXCHANGES & CLEARIORD		2018-12-12	2021-01-26
	2169. ASTELLAS PHARMA NPV		2017-03-13	2021-01-26
	444. ALEXION PHARMACEUTICALS INC		2020-03-04	2021-01-28
	1056. APPLIED MATERIALS INC		2019-10-10	2021-01-28
	462. FORTUNE BRANDS HOME & SEC IN		2018-10-30	2021-01-28
	1438. PFIZER INC.		2005-03-04	2021-01-28
	472. SEMPRA ENERGY		2020-03-18	2021-01-28
	535. TELADOC HEALTH INC		2020-11-10	2021-01-28
	309. VISA INC-CLASS A SHARES		2013-12-16	2021-01-28
	404. APPLIED MATERIALS INC		2019-10-10	2021-01-29
	1769. FORTUNE BRANDS HOME & SEC IN		2018-10-30	2021-01-29
	783. PFIZER INC.		2005-03-04	2021-01-29
	236. TAIWAN SEMICONDUCTOR-SP ADR		2013-12-16	2021-02-04
	9200. ASAHI KASEI CORP		2018-11-21	2021-02-04
	2539. CAMECO CORP		2014-10-15	2021-02-11
	1826. CAMECO CORP		2020-03-13	2021-02-11
	1098. NEWMONT MNG CORP		2019-03-07	2021-02-11
	1307. XYLEM INC		2019-01-03	2021-02-11
	358. NEWMONT MNG CORP		2019-03-07	2021-02-12
	1263. PACKAGING CORP AMER		2018-10-30	2021-02-12
	692. XYLEM INC		2019-01-03	2021-02-12
	1739. NIPPON TEL & TEL CP		2019-08-21	2021-02-12
	218. BOOZ ALLEN HAMILTON HLDG		2018-06-13	2021-02-17
	352. GENUINE PARTS CO		2012-12-13	2021-02-18
	139. EQUIFAX INC COM		2019-04-05	2021-02-26
	280. EATON VANCE CORP 00		2019-05-03	2021-03-03
	799. XILINX INC		2020-03-04	2021-03-08
	108. XILINX INC		2020-03-04	2021-03-09
	98. BRUKER CORP		2017-06-05	2021-03-10
	22. CHURCHILL DOWNS INC COM		2018-11-27	2021-03-10
	170. APPLE COMPUTER INC		2010-02-02	2021-03-11
	286. HONEYWELL INTERNATIONAL INC		2018-02-06	2021-03-11
	32. UNITEDHEALTH GROUP INC		2019-03-26	2021-03-11
	103. VERTEX PHARMACEUTICALS INC		2020-10-15	2021-03-11
	620. APTIV PLC SHS		2020-02-04	2021-03-11
	134. HESS CORP		2020-12-04	2021-03-12
	380. HESS CORP		2016-01-29	2021-03-12
	393. SONOCO PRODS CO		2012-06-04	2021-03-12
	1533. NISOURCE INC		2019-12-06	2021-03-17
	458. NUTRIEN LTD COM		2020-09-11	2021-03-24
	349. RIO TINTO		2018-03-14	2021-03-25
	951. NIPPON TEL & TEL CP		2019-08-21	2021-03-25
	772. ANGLO AMERICAN PLC		2018-03-14	2021-03-25
	5331. CREDIT SUISSE GROUP AG-REG		2016-03-11	2021-03-31
	67. ALLEGHANY CORP NEW		2018-02-07	2021-04-05
	906. ALLIANT CORP		2021-03-12	2021-04-05
	323. ANALOG DEVICES		2012-02-17	2021-04-05
	267. AVERY DENNISON CORP		2012-02-17	2021-04-05
	1045. BWX TECHNOLOGIES INC		2020-03-23	2021-04-05
	642. BANK HAWAII CORP		2021-03-12	2021-04-05
	537. BOOZ ALLEN HAMILTON HLDG		2018-03-20	2021-04-05
	933. BOSTON SCIENTIFIC CORP		2012-02-17	2021-04-05
	492. BROADRIDGE FINL SOLUTIONS INC		2012-02-17	2021-04-05
	191. BURLINGTON STORES INC		2020-09-03	2021-04-05
	600. CBOE GLOBAL MARKETS. INC.		2021-03-02	2021-04-05
	907. CDK GLOBAL INC		2019-02-07	2021-04-05
	290. CASEYS GEN STORES INC		2017-11-08	2021-04-05
	115. CLOROX CO DEL (DEL)		2012-02-17	2021-04-05
	893. DENTSPLY SIRONA INC		2019-05-09	2021-04-05
	257. DOLLAR GENERAL CP COM USD0.875		2017-04-11	2021-04-05
	562. DONALDSON INC		2020-03-04	2021-04-05
	359. DORMAN PRODUCTS INC		2019-09-13	2021-04-05
	442. ENTERGY CORP (NEW)		2020-03-23	2021-04-05
	152. EPAM SYS INC		2016-11-18	2021-04-05
	305. EXPEDIA GROUP, INC		2021-01-06	2021-04-05
	651. EXPEDITORS INTL WASH INC		2020-03-23	2021-04-05
	1134. FIRST AMERN FINL CORP		2013-07-23	2021-04-05
	549. FIRST REP BK SAN FRAN CALI N		2019-09-16	2021-04-05
	2822. FLUOR CORP NEW		2021-01-19	2021-04-05
	402. GARTNER GROUP INC NEW CL A		2020-03-03	2021-04-05
	543. GLOBE LIFE INC COM		2018-11-19	2021-04-05
	302. HAEMONETICS CORP MASS COM W/RTS EXPIRING		2020-08-18	2021-04-05
	450. HASBRO INC		2012-02-17	2021-04-05
	213. HERSHEY FOODS CORP		2015-11-27	2021-04-05
	1041. HEXCEL CORP NEW		2021-02-25	2021-04-05
	1875. HOST HOTELS & RESORTS INC		2020-05-27	2021-04-05
	275. HUBBELL INC		2019-01-11	2021-04-05
	914. HUDSON PAC PPTYS INC		2021-02-26	2021-04-05
	1294. HUDSON PAC PPTYS INC		2020-03-27	2021-04-05
	2084. HUNTSMAN CORP		2019-01-11	2021-04-05
	142. IAA INC COM		2020-04-07	2021-04-05
	581. IAA INC COM		2019-04-18	2021-04-05
	600. INSPERITY INC		2020-01-16	2021-04-05
	501. LIBERTY BROADBAND CORP		2016-05-04	2021-04-05
	860. LIBERTY MEDIA CORP DELAWARE		2015-06-29	2021-04-05
	80. LIBERTY MEDIA CORP DELAWARE		2020-06-08	2021-04-05
	253. M & T BK CORP		2012-02-17	2021-04-05
	40. MARKEL CORP		2017-10-27	2021-04-05
	875. NUVASIVE INC		2020-03-23	2021-04-05
	388. OLLIES BARGAIN OUTLT HLDGS INC		2020-03-03	2021-04-05
	1244. PORTLAND GENERAL ELEC CO		2020-11-06	2021-04-05
	904. SS&C TECHNOLOGIES HLDGS INC		2020-01-15	2021-04-05
	976. SMITH A O CORP		2019-06-11	2021-04-05
	254. SOLAREDGE TECHNOLOGIES INC		2020-01-27	2021-04-05
	445. SUN COMMUNITIES INC 00		2012-02-17	2021-04-05
	145. UBIQUITI INC COM		2017-09-07	2021-04-05
	168. ULTA BEAUTY, INC		2019-12-04	2021-04-05
	181. WATERS CORP		2019-08-29	2021-04-05
	216. WATSCO INCORPORATED		2020-03-06	2021-04-05
	354. WOODWARD GOVERNOR CO 00		2018-10-18	2021-04-05
	262. XCEL ENERGY, INC.		2021-03-12	2021-04-05
	470. XCEL ENERGY, INC.		2011-09-12	2021-04-05
	367. ZIMMER HOLDINGS INC		2013-01-14	2021-04-05
	136. HELEN OF TROY CORP LTD		2017-01-26	2021-04-05
	506. ACI WORLDWIDE INC		2021-03-10	2021-04-06
	26. ALEXANDER & BALDWIN INC		2021-03-10	2021-04-06
	758. ALEXANDER & BALDWIN INC		2018-01-24	2021-04-06
	9. ARMSTRONG WORLD INDS INC NEWCOM		2021-03-10	2021-04-06
	213. ARMSTRONG WORLD INDS INC NEWCOM		2016-10-11	2021-04-06
	439. ATLANTIC UN BANKSHARES CORP COM		2018-11-27	2021-04-06
	15. ATLANTIC UN BANKSHARES CORP COM		2021-03-10	2021-04-06
	136. BRUKER CORP		2017-06-05	2021-04-06
	578. CANNAE HLDGS INC COM		2021-03-10	2021-04-06
	113. CHURCHILL DOWNS INC COM		2018-12-07	2021-04-06
	269. DRIL-QUIP INC 00		2019-05-03	2021-04-06
	9. DRIL-QUIP INC 00		2021-03-10	2021-04-06
	7. ENERGIZER HLDGS INC NEW		2021-03-10	2021-04-06
	212. ENERGIZER HLDGS INC NEW		2015-09-15	2021-04-06
	419. FIRST INDL RLTY TR INC COM		2012-09-17	2021-04-06
	18. FIRST INDL RLTY TR INC COM		2021-03-10	2021-04-06
	4. GATX CORP COM		2021-03-10	2021-04-06
	130. GATX CORP COM		2016-05-27	2021-04-06
	28. GCP APPLIED TECHNOLOGIES INC		2021-03-10	2021-04-06
	608. GCP APPLIED TECHNOLOGIES INC		2018-04-27	2021-04-06
	1. GRAMHAM HOLDINGS COMPANY		2021-03-10	2021-04-06
	23. GRAMHAM HOLDINGS COMPANY		2019-11-05	2021-04-06
	161. HAEMONETICS CORP MASS COM W/RTS EXPIRING		2021-03-10	2021-04-06
	333. INGEVITY CORP		2020-03-10	2021-04-06
	13. INGEVITY CORP		2021-03-10	2021-04-06
	305. KAMAN CORP CL A		2016-03-07	2021-04-06
	11. KAMAN CORP CL A		2021-03-10	2021-04-06
	242. LANDSTAR SYS INC		2016-10-20	2021-04-06
	10. LANDSTAR SYS INC		2021-03-10	2021-04-06
	180. MANTECH INTL CORP		2021-03-10	2021-04-06
	8. MASONITE INTL CORP NEW		2021-03-10	2021-04-06
	211. MASONITE INTL CORP NEW		2018-07-02	2021-04-06
	14. MATSON INC		2021-03-10	2021-04-06
	287. MATSON INC		2012-09-17	2021-04-06
	510. MOELIS & CO CL A		2020-03-10	2021-04-06
	23. MOELIS & CO CL A		2021-03-10	2021-04-06
	3. NEWMARKET CORP		2021-03-10	2021-04-06
	62. NEWMARKET CORP		2012-09-17	2021-04-06
	386. PENSKE AUTO GROUP INC		2016-09-19	2021-04-06
	13. PENSKE AUTO GROUP INC		2021-03-10	2021-04-06
	179. PRICESMART INC		2012-09-17	2021-04-06
	9. PRICESMART INC		2021-03-10	2021-04-06
	174. QUALYS INC		2021-03-10	2021-04-06
	26. STORE CAP CORP		2021-03-10	2021-04-06
	374. STORE CAP CORP		2020-03-24	2021-04-06
	5. TEJON RANCH CO		2021-03-10	2021-04-06
	203. TEJON RANCH CO		2012-09-17	2021-04-06
	47. TEMPUR SEALY INTERNATIONAL, INC.		2021-03-10	2021-04-06
	1248. TEMPUR SEALY INTERNATIONAL, INC.		2020-03-24	2021-04-06
	8. TREDEGAR CORP		2021-03-10	2021-04-06
	261. TREDEGAR CORP		2012-09-17	2021-04-06
	3. UNIFIRST CORP MASS COM		2021-03-10	2021-04-06
	76. UNIFIRST CORP MASS COM		2019-05-09	2021-04-06
	199. LIVANOVA PLC		2020-03-24	2021-04-06
	14. LIVANOVA PLC		2021-03-10	2021-04-06
	1. WHITE MTNS INS GROUP LTD BERMUDA		2021-03-10	2021-04-06
	23. WHITE MTNS INS GROUP LTD BERMUDA		2020-03-24	2021-04-06
	500. HONEYWELL INTERNATIONAL INC		2018-12-13	2021-04-22
	800. SEMPRA ENERGY		2020-03-18	2021-04-22
	1750. NIPPON TEL & TEL CP		2014-05-02	2021-04-23
	7131. ASTELLAS PHARMA NPV		2014-05-02	2021-04-23
	581. HEXAGON AB SER'B'NPV		2018-11-20	2021-04-23
	5880. AGL ENERGY		2019-08-21	2021-04-23
	1793. VOLVO AKTIEBOLAGET		2018-06-20	2021-05-06
	1011. ANGLO AMERICAN PLC		2019-09-13	2021-05-06
	1108. FOOT LOCKER, INC		2019-02-14	2021-05-07
	474. LABORATORY CORP		2021-01-28	2021-05-07
	418. NORTHROP GRUMMAN CORP		2008-06-09	2021-05-07
	295. FANUC CORP		2020-05-29	2021-05-07
	500. APPLIED MATERIALS INC		2019-02-14	2021-05-18
	745. BAYER AG NPV (BR)		2020-05-28	2021-06-02
	643. SQUARE-ENIX HOLDIN NPV		2021-02-12	2021-06-02
	1760. NIPPON TEL & TEL CP		2014-05-02	2021-06-02
	450. SONY GROUP CORPORATION		2015-10-07	2021-06-02
	1209. ANGLO AMERICAN PLC		2018-02-06	2021-06-02
	3297. HEXAGON AB SER'B'NPV		2018-11-20	2021-06-02
	.4 ORGANON & CO COMMON STOCK		2006-08-23	2021-06-14
	261. THUNGELA RESOURCES NPV (DI)		2020-03-13	2021-06-22
	.7 THUNGELA RESOURCES NPV (DI)		2018-02-06	2021-06-24
	793. ALEXION PHARMACEUTICALS INC		2019-07-25	2021-07-01
	1902. BANK OF AMERICA CORP		2019-01-03	2021-07-01
	292. ORGANON & CO COMMON STOCK		2020-04-03	2021-07-01
	421. VERTEX PHARMACEUTICALS INC		2020-10-15	2021-07-01
	1429. ALEXION PHARMACEUTICALS INC		2019-01-03	2021-07-08
	428. ALEXION PHARMACEUTICALS INC		2020-03-04	2021-07-09
	2298. CISCO SYS INC		2020-04-03	2021-07-29
	537. DARDEN RESTAURANTS INC		2020-08-21	2021-07-29
	107. HUBBELL INC		2020-03-02	2021-07-29
	235. THERMO ELECTRON CORP		2019-09-24	2021-07-29
	791. HUBBELL INC		2020-03-02	2021-07-30
	838. FORTINET INC		2020-03-04	2021-08-12
	1052. BAYER AG NPV (BR)		2020-05-28	2021-08-18
	5000. GALAXY ENTERTAINME		2019-01-11	2021-08-18
	364. NOVO-NORDISK A/S-B		2012-06-22	2021-08-18
	1152. ALIBABA GROUP HLDG USD		2015-08-12	2021-08-18
	340. EUROFINS SCIENTIFI EUR0		2019-11-14	2021-08-18
	84000. WH GROUP LTD		2017-03-13	2021-08-20
	2061. CAMECO CORP		2015-07-09	2021-09-08
	4554. AT&T INC		2018-09-24	2021-09-09
	496. ALLSTATE CORP		2018-02-06	2021-09-09
	376. APPLE COMPUTER INC		2010-02-02	2021-09-09
	225. EUROFINS SCIENTIFI EUR0		2019-11-14	2021-09-13
	1866. UNILEVER PLC ORD GBP0.031111		2019-11-14	2021-09-16
	670. UNILEVER PLC ORD GBP0.031111		2021-01-13	2021-09-16
	1458. DAIWA HOUSE INDS		2019-08-21	2021-09-17
	914. SEVEN & I HOLDINGS		2017-08-25	2021-09-17
	204. HOME DEPOT INC		2020-03-26	2021-10-08
	840. SEMPRA ENERGY		2020-03-18	2021-10-08
	514. APTIV PLC SHS		2020-02-04	2021-10-08
	389. NUTRIEN LTD COM		2020-09-11	2021-10-12
	931. CAMECO CORP		2019-06-04	2021-10-13
	679. KIRKLAND LAKE GOLD LTD COM		2021-02-11	2021-10-18
	1322. KIRKLAND LAKE GOLD LTD COM		2020-08-06	2021-10-18
	410. OMNICELL INC		2020-10-21	2021-10-26
	722. OMNICELL INC		2020-10-21	2021-10-27
	1040. CAMECO CORP		2019-06-04	2021-11-03
	1081. TELADOC HEALTH INC		2021-07-29	2021-11-09
	.65 JACKSON FINANCIAL COM USD0.01 CL A		2014-01-08	2021-11-10
	116. ALLIANZ SE		2017-03-23	2021-11-23
	119. NESTLE SA		2017-11-09	2021-11-23
	273. KONINKLIJKE AHOLD DELHAIZE N		2018-10-02	2021-11-23
	60. BOOKING HLDGS INC COM		2019-05-10	2021-12-02
	75. JACKSON FINANCIAL INC COM CL A		2014-01-08	2021-12-20
	564. SAFRAN EUR0.20		2014-03-03	2021-12-20
	6099. ANRITSU CORP NPV		2021-06-02	2021-12-21
	1. COMMONFUND CAPITAL PRIVATE EQUITY		2018-01-01	2021-12-31
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	28,921	23,250	5,671
b	52,110	7,335	44,775
c	46,788	22,534	24,254
d	45,823	15,358	30,465
e	48,059	66,167	-18,108
	35,652	17,890	17,762
	82,442	94,094	-11,652
	7,821	3,318	4,503
	41,328	14,756	26,572
	45,339	19,312	26,027
	35,891	26,780	9,111
	70,039	42,983	27,056
	107,710	54,283	53,427
	40,349	24,832	15,517
	51,664	23,877	27,787
	58,725	63,247	-4,522
	141,305	92,930	48,375
	61,579	16,086	45,493
	39,497	18,301	21,196
	151,397	77,645	73,752
	28,611	13,001	15,610
	30,085	4,054	26,031
	105,873	112,862	-6,989
	39,626	40,812	-1,186
	28,498	12,014	16,484
	64,328	36,359	27,969
	128,903	83,840	45,063
	20,942	11,855	9,087
	167,816	125,236	42,580
	68,123	44,276	23,847
	46,685	40,962	5,723
	17,565	9,464	8,101
	35,146	22,889	12,257
	22,821	17,179	5,642
	20,440	8,970	11,470
	91,104	66,274	24,830
	12,561	8,958	3,603
	5,981	2,662	3,319
	5,385	1,962	3,423
	20,736	1,188	19,548
	61,147	41,137	20,010
	11,337	8,194	3,143
	22,331	22,415	-84
	94,720	56,518	38,202
	9,726	7,179	2,547
	27,580	15,765	11,815
	24,756	12,664	12,092
	36,157	28,290	7,867
	24,956	17,987	6,969
	25,898	18,317	7,581
	25,426	19,842	5,584
	29,434	19,329	10,105
	56,502	140,991	-84,489
	42,634	37,723	4,911
	49,585	46,369	3,216
	52,709	13,049	39,660
	51,138	8,042	43,096
	70,670	24,780	45,890
	57,886	49,626	8,260
	44,932	20,800	24,132
	36,391	5,653	30,738
	77,658	11,947	65,711
	57,359	38,736	18,623
	60,205	59,202	1,003
	49,256	53,992	-4,736
	63,815	34,443	29,372
	22,336	7,845	14,491
	57,380	43,659	13,721
	53,272	17,763	35,509
	33,024	25,795	7,229
	37,793	27,514	10,279
	44,469	33,527	10,942
	62,098	9,770	52,328
	53,608	44,112	9,496
	71,684	32,137	39,547
	65,359	18,515	46,844
	91,580	52,720	38,860
	64,908	42,644	22,264
	76,097	54,594	21,503
	53,518	46,141	7,377
	34,390	25,903	8,487
	43,121	16,235	26,886
	33,864	18,520	15,344
	59,639	54,891	4,748
	32,066	23,623	8,443
	52,827	28,306	24,521
	25,102	23,831	1,271
	35,539	30,508	5,031
	60,692	40,650	20,042
	7,806	4,110	3,696
	31,938	19,777	12,161
	50,884	52,384	-1,500
	74,639	25,706	48,933
	39,506	24,747	14,759
	3,675	2,038	1,637
	38,743	20,945	17,798
	46,761	37,619	9,142
	56,713	44,865	11,848
	34,672	20,372	14,300
	59,677	55,428	4,249
	64,853	43,519	21,334
	66,094	46,394	19,700
	68,732	24,497	44,235
	67,411	16,104	51,307
	42,230	8,279	33,951
	53,766	36,182	17,584
	53,202	38,524	14,678
	58,152	37,517	20,635
	43,418	19,357	24,061
	17,849	16,359	1,490
	32,019	11,184	20,835
	59,648	22,617	37,031
	29,194	12,631	16,563
	20,075	12,703	7,372
	445	491	-46
	12,981	23,135	-10,154
	863	829	34
	20,430	8,579	11,851
	17,016	16,470	546
	581	588	-7
	9,315	3,695	5,620
	23,472	22,922	550
	26,301	9,945	16,356
	8,715	16,048	-7,333
	292	353	-61
	333	318	15
	10,078	8,643	1,435
	19,747	5,654	14,093
	848	787	61
	381	389	-8
	12,370	6,237	6,133
	724	735	-11
	15,719	19,040	-3,321
	600	594	6
	13,789	14,634	-845
	18,268	15,802	2,466
	24,773	18,636	6,137
	967	987	-20
	16,187	11,921	4,266
	584	603	-19
	40,730	16,412	24,318
	1,683	1,610	73
	15,862	15,334	528
	989	932	57
	26,079	15,009	11,070
	953	1,057	-104
	19,537	6,416	13,121
	29,190	19,541	9,649
	1,316	1,277	39
	1,159	1,203	-44
	23,961	15,475	8,486
	31,536	19,036	12,500
	1,062	1,063	-1
	17,611	13,794	3,817
	885	861	24
	18,483	17,441	1,042
	894	844	50
	12,863	7,198	5,665
	84	87	-3
	3,401	6,032	-2,631
	1,764	1,730	34
	46,838	15,488	31,350
	123	145	-22
	4,002	4,775	-773
	676	761	-85
	17,115	12,444	4,671
	15,363	15,023	340
	1,081	1,097	-16
	1,125	1,176	-51
	25,871	14,457	11,414
	114,856	67,660	47,196
	110,127	107,109	3,018
	44,997	24,804	20,193
	109,916	78,440	31,476
	58,647	26,381	32,266
	40,476	86,393	-45,917
	45,795	29,405	16,390
	45,890	24,956	20,934
	70,000	63,992	6,008
	131,862	104,549	27,313
	154,826	27,014	127,812
	71,819	53,744	18,075
	61,615	20,364	41,251
	46,525	76,259	-29,734
	32,708	44,207	-11,499
	45,259	24,946	20,313
	44,435	11,899	32,536
	55,617	27,692	27,925
	47,484	21,386	26,098
	12	4	8
	576	199	377
		1	-1
	146,726	97,652	49,074
	78,851	48,556	30,295
	8,951	5,198	3,753
	84,916	90,975	-6,059
	261,727	144,209	117,518
	78,468	42,675	35,793
	126,698	105,223	21,475
	80,388	44,443	35,945
	21,194	14,711	6,483
	125,403	47,696	77,707
	156,513	108,752	47,761
	256,204	89,344	166,860
	58,714	72,696	-13,982
	30,081	31,992	-1,911
	37,983	10,147	27,836
	25,092	10,373	14,719
	46,656	17,587	29,069
	59,963	64,827	-4,864
	45,648	29,389	16,259
	125,043	153,514	-28,471
	65,731	32,277	33,454
	58,031	2,627	55,404
	32,460	11,639	20,821
	101,374	106,447	-5,073
	36,399	39,730	-3,331
	51,712	44,422	7,290
	43,870	36,564	7,306
	68,058	38,669	29,389
	104,953	82,699	22,254
	84,271	40,660	43,611
	27,786	15,277	12,509
	23,735	12,568	11,167
	31,036	26,073	4,963
	60,427	56,926	3,501
	70,020	33,720	36,300
	121,396	59,334	62,062
	28,063	11,036	17,027
	155,305	168,842	-13,537
	19		19
	26,430	21,435	4,995
	15,513	9,998	5,515
	9,456	6,087	3,369
	129,591	108,591	21,000
	2,739		2,739
	63,404	39,286	24,118
	92,507	139,288	-46,781
	2,381	2,381
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937
			70,937

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			5,671
b			44,775
c			24,254
d			30,465
e			-18,108
			17,762
			-11,652
			4,503
			26,572
			26,027
			9,111
			27,056
			53,427
			15,517
			27,787
			-4,522
			48,375
			45,493
			21,196
			73,752
			15,610
			26,031
			-6,989
			-1,186
			16,484
			27,969
			45,063
			9,087
			42,580
			23,847
			5,723
			8,101
			12,257
			5,642
			11,470
			24,830
			3,603
			3,319
			3,423
			19,548
			20,010
			3,143
			-84
			38,202
			2,547
			11,815
			12,092
			7,867
			6,969
			7,581
			5,584
			10,105
			-84,489
			4,911
			3,216
			39,660
			43,096
			45,890
			8,260
			24,132
			30,738
			65,711
			18,623
			1,003
			-4,736
			29,372
			14,491
			13,721
			35,509
			7,229
			10,279
			10,942
			52,328
			9,496
			39,547
			46,844
			38,860
			22,264
			21,503
			7,377
			8,487
			26,886
			15,344
			4,748
			8,443
			24,521
			1,271
			5,031
			20,042
			3,696
			12,161
			-1,500
			48,933
			14,759
			1,637
			17,798
			9,142
			11,848
			14,300
			4,249
			21,334
			19,700
			44,235
			51,307
			33,951
			17,584
			14,678
			20,635
			24,061
			1,490
			20,835
			37,031
			16,563
			7,372
			-46
			-10,154
			34
			11,851
			546
			-7
			5,620
			550
			16,356
			-7,333
			-61
			15
			1,435
			14,093
			61
			-8
			6,133
			-11
			-3,321
			6
			-845
			2,466
			6,137
			-20
			4,266
			-19
			24,318
			73
			528
			57
			11,070
			-104
			13,121
			9,649
			39
			-44
			8,486
			12,500
			-1
			3,817
			24
			1,042
			50
			5,665
			-3
			-2,631
			34
			31,350
			-22
			-773
			-85
			4,671
			340
			-16
			-51
			11,414
			47,196
			3,018
			20,193
			31,476
			32,266
			-45,917
			16,390
			20,934
			6,008
			27,313
			127,812
			18,075
			41,251
			-29,734
			-11,499
			20,313
			32,536
			27,925
			26,098
			8
			377
			-1
			49,074
			30,295
			3,753
			-6,059
			117,518
			35,793
			21,475
			35,945
			6,483
			77,707
			47,761
			166,860
			-13,982
			-1,911
			27,836
			14,719
			29,069
			-4,864
			16,259
			-28,471
			33,454
			55,404
			20,821
			-5,073
			-3,331
			7,290
			7,306
			29,389
			22,254
			43,611
			12,509
			11,167
			4,963
			3,501
			36,300
			62,062
			17,027
			-13,537
			19
			4,995
			5,515
			3,369
			21,000
			2,739
			24,118
			-46,781

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	3,678,641
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Form 990-PF (2021)

Page 4

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	69,105
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	69,105
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	78,400
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	8,566
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	86,966
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	17,861
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax17,861	Refunded	11	0

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

The books are in care of bullet

CITIBANK NA Telephone no. bullet

(800) 285-3000

Located at bullet

388 GREENWICH STREET 19TH FLOORNEW YORKNY ZIP+4 bullet

10013

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2021? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2021, did the foundation have any undistributed income (lines 6d

and 6e, Part XII) for tax year(s) beginning before 2021?....................

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2021.) .....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..

Form 990-PF (2021)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
CITIBANK N A	TRUSTEE, AS REQ'D 0	87,718
388 GREENWICH STREET 19TH FLOOR NEW YORK,NY10013	TRUSTEE, AS REQ'D 0	87,718

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









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

Form 990-PF (2021)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2021)

Page 8

Part IX

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

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

purposes:

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

51,222,800

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

5,555,051

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

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

56,777,851

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

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

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

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

56,777,851

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

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

851,668

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

55,926,183

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

2,796,309

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

2,796,309

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

69,105

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

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

69,105

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

2,727,204

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

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

2,727,204

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

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

2,727,204

Part XI

Qualifying Distributions (see instructions)

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

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

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7					2,727,204
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......	0
b From 2017......	0
c From 2018......	0
d From 2019......	331,305
e From 2020......	0
f Total of lines 3a through e ........		331,305
4Qualifying distributions for 2021 from Part
XI, line 4: $ 2,464,022
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.....					2,464,022
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2021.		263,182			263,182
(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		68,123
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 ......		68,123
10 Analysis of line 9:
a Excess from 2017....	0
b Excess from 2018....	0
c Excess from 2019....	68,123
d Excess from 2020....	0
e Excess from 2021....	0

Form 990-PF (2021)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

NONE

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

NONE

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

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2021)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNIVERSITY OF MICHIGAN 500 S STATE ST ANN ARBOR,MI48109	NONE	PC	GENERAL OPERATING	2,417,913
Total ................................. 3a				2,417,913

bApproved for future payment

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

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	3,678,641
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aCOMMONFUND CAPITAL	900099	5,556	1	99,455
bCOMMONFUND CAPITAL	900099	188	1	390,511
cCOMMONFUND CAPITAL	900099	-19	1	-3,903
dCOMMONFUND CAPITAL	900099	-170	1	-144,765
eCOMMONFUND CAPITAL	900099	-4	1	-27,104
fTIFF REALTY OPPORT	900099	-3,006	1	299,147
12 Subtotal. Add columns (b), (d), and (e) ..		2,545		5,200,593

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

5,203,138

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2021)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
SEE ATTACHED SCHEDULE	AT COST	30,763,889	46,520,869
REAL ESTATE - SEE ATTACHED	AT COST	1,025,669	1,025,669
PRIVATE EQUITY - SEE ATTACHED	AT COST	6,442,274	6,442,274

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
ADR FEES	273	273	0
STATE AG FEES	1,500	0	1,500
RELATED REAL ESTATE RECOVERY F	82	82	0
COMMONFUND CAPITAL INTERNATION	41,032	40,550	0
COMMONFUND CAPITAL VENTURE PAR	24,581	24,363	0
COMMONFUND CAPITAL VENTURE PAR	512	512	0
COMMONFUND CAPITAL NATURAL RES	16,426	9,780	0
COMMONFUND CAPITAL PRIVATE EQU	143	124	0
TIFF REALTY OPPORTUNITY FUND	24,339	24,339	0

Description	Revenue And Expenses Per Books	Net Investment Income
COMMONFUND CAPITAL INTERNATIONAL PARTNER	105,011	99,455
COMMONFUND CAPITAL VENTURE PARTNERS IX	390,699	390,511
COMMONFUND CAPITAL VENTURE PARTNERS VI	-3,922	-3,903
COMMONFUND CAPITAL NATURAL RESOURCES PAR	-144,935	-144,765
COMMONFUND CAPITAL PRIVATE EQUITY PARTNE	-27,108	-27,104
TIFF REALTY OPPORTUNITY FUND	296,141	299,147

Description	Amount
UNREALIZED GAIN ON PRIVATE EQUITY	1,387,810
ALTERNATIVE INVESTMENT ADJUSTMENT	1,788,434
TAX LOT ADJUSTMENT	133,892

Category	Amount	Net Investment Income
FOREIGN TAX WITHHELD	46,751	46,751
PY EXCISE TAX	23,711	0
ESTIMATED EXCISE PAYMENTS	78,400	0