Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE APPLEBAUM FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)25 WEST 45TH STREET 504
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10036
A Employer identification number

59-1002714
B Telephone number (see instructions)

(212) 840-1166
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$229,643,281J Accounting method:
modified cash
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 4,461,229 4,495,493  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 12,417,409
b Gross sales price for all assets on line 6a 81,206,079
7 Capital gain net income (from Part IV, line 2)... 12,420,345
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 50,409 50,409  
12 Total. Add lines 1 through 11........ 16,929,047 16,966,247  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 339,747 0   339,747
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 19,264 0   19,264
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 130,167 0   130,167
c Other professional fees (attach schedule).... Click to see attachment 713,226 714,892   4,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 337,355 11,916   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 15,800 0   15,800
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 27,772 21,243   27,772
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,583,331 748,051   536,750
25 Contributions, gifts, grants paid....... 8,042,500 8,042,500
26 Total expenses and disbursements. Add lines 24 and 25 9,625,831 748,051   8,579,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,303,216
b Net investment income (if negative, enter -0-) 16,218,196
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............. 315,012 1,395,390 1,395,390
2 Savings and temporary cash investments......... 14,417,924 4,027,841 4,027,841
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) 8,634,520 Click to see attachment8,964,616 8,964,616
b Investments—corporate stock (attach schedule)....... 129,865,572 Click to see attachment122,992,756 122,992,756
c Investments—corporate bonds (attach schedule)....... 9,461,428 Click to see attachment11,156,951 11,156,951
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,952,271 Click to see attachment81,105,727 81,105,727
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) 165,646,727 229,643,281 229,643,281
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
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........... 165,646,727 229,643,281
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 165,646,727 229,643,281
30 Total liabilities and net assets/fund balances (see instructions). 165,646,727 229,643,281
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
165,646,727
2
Enter amount from Part I, line 27a .....................
2
7,303,216
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
56,693,338
4
Add lines 1, 2, and 3 ..........................
4
229,643,281
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
229,643,281
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 SALE OF PUBLICLY TRADED SECURITIES P    
b THRU CPI (CARLYLE PROPERTY) PRIVATE INVESTORS LLC K-1 P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 80,151,223   68,788,670 11,362,553
b       2,936
c 1,054,856     1,054,856
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       11,362,553
b       2,936
c       1,054,856
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 12,420,345
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........................... 3 225,433
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- ..... 5 225,433
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 210,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 210,000
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 15,433
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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 changesClick to see attachment....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    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 ofbulletTHE FOUNDATION Telephone no.bullet (212) 840-1166

    Located atbullet25 WEST 45TH STREET NO 504NEW YORKNY ZIP+4bullet10036
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JAMES KAUFMAN PRESIDENT
    10.00     		91,667 0 0
    25 W 45TH STREET SUITE 504
    NEW YORK,NY10036
    MICHAEL DOPPELT VP & TREASURER
    3.00     		0 0 0
    25 W 45TH STREET SUITE 504
    NEW YORK,NY10036
    REBECCA LIEBERMAN VP, SECRETARY, EXECUTIVE DIRECTOR
    40.00     		248,080 0 3,066
    25 W 45TH STREET SUITE 504
    NEW YORK,NY10036
    LILLIAN APPLEBAUM DIRECTOR
    1.00     		0 0 0
    25 W 45TH STREET SUITE 504
    NEW YORK,NY10036
    ERIN R BORGER DIRECTOR
    1.00     		0 0 0
    25 W 45TH STREET SUITE 504
    NEW YORK,NY10036
    JUDY FEDER DIRECTOR
    1.00     		0 0 0
    25 W 45TH STREET SUITE 504
    NEW YORK,NY10036
    WARREN A WEISS PRESIDENT & DIRECTOR - TERM END 1/21
    5.00     		0 0 0
    25 W 45TH STREET SUITE 504
    NEW YORK,NY10036
    JANE WEISS TREASURER & DIRECTOR - TERM END 1/21
    3.00     		0 0 0
    25 W 45TH STREET SUITE 504
    NEW YORK,NY10036
    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
    FERGUSON WELLMAN CAPITAL MANAGEMENT INVESTMENT ADVISORY SERVICES 297,216
    888 SW 5TH AVE SUITE 1200
    PORTLAND,OR10017
    JP MORGAN CHASE BANK INVESTMENT MGMT & CUSTODIAN SERVICES 192,474
    270 PARK AVENUE
    NEW YORK,NY10017
    ALLIANCE BERNSTEIN LP INVESTMENT MGMT & CUSTODIAN SERVICES 156,960
    1345 6TH AVENUE
    NEW YORK,NY10105
    FIDUCIARY TRUST COMPANY INTERNATIONAL INVESTMENT MGMT & CUSTODIAN SERVICES 62,576
    280 PARK AVENUE
    NEW YORK,NY10017
    CONDON O'MEARA MCGINTY & DONNELLY LLP AUDIT AND TAX PREPARATION 55,877
    ONE BATTERY PARK PLAZA
    NEW YORK,NY10004
    Total number of others receiving over $50,000 for professional services.............bullet1
    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
    212,771,581
    b
    Average of monthly cash balances.......................
    1b
    6,243,934
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    219,015,515
    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
    219,015,515
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    3,285,233
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    215,730,282
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    10,786,514
    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
    10,786,514
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    225,433
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    225,433
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    10,561,081
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    10,561,081
    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
    10,561,081
    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 10,561,081
    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......  
    b From 2017......  
    c From 2018......  
    d From 2019...... 694,527
    e From 2020......  
    f Total of lines 3a through e ........ 694,527
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 8,579,250
    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..... 8,579,250
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 694,527 694,527
    (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 ..........     		1,287,304
    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
    92ND STREET Y
    1395 LEXINGTON AVENUE
    NEW YORK,NY10128     		N/A PC SPECIAL PURPOSE 50,000
    AMERICAN COMMITTEE FOR THE WEIZMANN INSTITUTE OF SCIENCE
    633 THIRD AVENUE
    NEW YORK,NY10017     		N/A PC RESEARCH 250,000
    AMERICAN FRIENDS OF LEKET ISRAEL
    101 CEDAR LN 306
    TEANECK,NJ07666     		N/A PC GENERAL OPERATING SUPPORT 50,000
    AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE
    220 E 42ND STSUITE 400
    NEW YORK,NY10017     		N/A PC SPECIAL PURPOSE 1,500,000
    ANTI DEFAMATION LEAGUE
    1952 WHITNEY AVENUE
    HAMDEN,CT06517     		N/A PC SPECIAL PURPOSE & GENERAL OPERATING 45,000
    AMERICAN FRIENDS OF BAR ILAN UNIVERSITY
    160 EAST 56TH STREET 5TH FLOOR
    NEW YORK,NY10002     		N/A PC RESEARCH 350,000
    BETH ISRAEL DEACONESS MEDICAL CENTER
    330 BROOKLINE AVENUE
    BOSTON,MA02215     		N/A PC RESEARCH 1,620,000
    CATHOLIC CHARITIES COMMUNITY SERVICES
    80 MAIDEN LANE
    NEW YORK,NY10038     		N/A PC SPECIAL PURPOSE 150,000
    DANA FARBER CANCER INSTITUTE
    10 BROOKLINE PLACE WEST
    BROOKLINE,MA02445     		N/A PC RESEARCH 500,000
    FEEDING AMERICA
    161 NORTH CLARK STREET 700
    CHICAGO,IL60601     		N/A PC GENERAL OPERATING SUPPORT 50,000
    FEEDING WESTCHESTER
    200 CLEARBROOK ROAD
    ELMSFORD,NY10523     		N/A PC GENERAL OPERATING SUPPORT 50,000
    FOOD BANK FOR NYC
    39 BROADWAY
    NEW YORK,NY10006     		N/A PC GENERAL OPERATING SUPPORT 50,000
    GIFT OF LIFE MARROW REGISTRY
    5901 BROKEN SOUND PKWY NW SUITE 600
    BOCA RATON,FL33487     		N/A PC SPECIAL PURPOSE 100,000
    HADAR INSTITUTE
    190 AMSTERDAM AVENUE
    NEW YORK,NY10023     		N/A PC GENERAL OPERATING SUPPORT 100,000
    HADASSAH THE WOMEN'S ZIONIST ORG OF AMERICA
    40 WALLSTREET
    NEW YORK,NY10005     		N/A PC RESEARCH 175,000
    HEART & ARMOR FOUNDATION
    1100 GLENDON AVENUE STE 2000
    LOS ANGELES,CA90024     		N/A PC SPECIAL PURPOSE 50,000
    HEBREW FREE BURIAL ASSOCIATION
    125 MAIDEN LANE UNIT 5B
    NEW YORK,NY10038     		N/A PC SPECIAL PURPOSE 90,000
    HEBREW FREE LOAN SOCIETY
    675 THIRD AVENUE SUITE 1905
    NEW YORK,NY10017     		N/A PC GENERAL OPERATING SUPPORT 50,000
    ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
    ONE GUSTAVE L LEVY PLACE
    NEW YORK,NY10029     		N/A PC RESEARCH 250,000
    INTERNATIONAL RESCUE COMMITTEE
    122 EAST 42ND STREET
    NEW YORK,NY01289     		N/A PC SPECIAL PURPOSE 250,000
    ISRAEL GUIDE DOG CENTER FOR THE BLIND
    968 EASTON RD SUITE H
    WARRINGTON,PA18976     		N/A PC SPECIAL PURPOSE 30,000
    LUCILE PACKARD FOUNDATION FOR CHILDREN'S HEALTH
    400 HAMILTON AVE 340
    PALO ALTO,CA94301     		N/A PC RESEARCH 200,000
    MAYORS FUND TO ADVANCE NYC
    253 BROADWAY 6TH FLOOR
    NEW YORK,NY10007     		N/A PC SPECIAL PURPOSE 150,000
    MEMORIAL SLOAN KETTERING CANCER CENTER
    1275 YORK AVENUE
    NEW YORK,NY10065     		N/A PC RESEARCH 250,000
    METROPOLITAN COUNCIL ON JEWISH POVERTY
    77 WATER STREET 7TH FLOOR
    NEW YORK,NY10005     		N/A PC SPECIAL PURPOSE 150,000
    MIAMI RESCUE MISSION
    3553 NW 50TH STREET
    MIAMI,FL33142     		N/A PC SPECIAL PURPOSE 50,000
    MIRIAM'S KITCHEN
    2401 VIRGINIA AVE NW
    WASHINGTON,DC20037     		N/A PC GENERAL OPERATING SUPPORT 50,000
    NATIONAL COUNCIL OF JEWISH WOMEN NEW YORK
    241 WEST 72ND STREET
    NEW YORK,NY10023     		N/A PC SPECIAL PURPOSE 25,000
    NATIONAL JEWISH OUTREACH PROGRAM (NJOP)
    1311 2ND AVE 2
    NEW YORK,NY10065     		N/A PC GENERAL OPERATING SUPPORT 25,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    733 THIRD AVENUE 3RD FLOOR
    NEW YORK,NY10017     		N/A PC RESEARCH 75,000
    NEW YORK PRESBYTERIAN FUND INC
    850 THIRD AVE 12TH FLOOR
    NEW YORK,NY10022     		N/A PC SPECIAL PURPOSE 150,000
    NYU LANGONE MEDICAL CENTER
    555 MADISON AVENUE
    NEW YORK,NY10022     		N/A PC RESEARCH 200,000
    OHR TORAH STONE
    49 WEST 45TH STREET SUITE 701
    NEW YORK,NY10036     		N/A PC SPECIAL PURPOSE 200,000
    PARKINSON'S FOUNDATION
    200 EAST 1ST STREET SUITE 800
    MIAMI,FL33131     		N/A PC RESEARCH 100,000
    THE PENNYWISE FOUNDATION
    PO BOX 1112
    RICHMOND,VT05477     		N/A PC SPECIAL PURPOSE 22,500
    THE AFYA FOUNDATION INC
    140 SAW MILL RIVER ROAD
    YONERS,NY10701     		N/A PC SPECIAL PURPOSE 75,000
    UJA FEDERATION OF NY
    130 EAST 59TH STREET SUITE 1073
    NEW YORK,NY10022     		N/A PC SPECIAL PURPOSE 250,000
    UPWARDLY GLOBAL
    505 8TH AVENUE 1704
    NEW YORK,NY10018     		N/A PC SPECIAL PURPOSE 225,000
    YESHIVAT CHOVEVEI TORAH
    3700 HENRY HUDSON PARKWAY
    BRONX,NY10463     		N/A PC GENERAL OPERATING SUPPORT 25,000
    YESHIVAT MAHARAT
    3700 HENRY HUDSON PARKWAY
    BRONX,NY10463     		N/A PC GENERAL OPERATING SUPPORT 60,000
    Total .................................bullet 3a 8,042,500
    bApproved for future payment
    AMERICAN COMMITTEE FOR THE WEIZMANN INSTITUTE OF SCIENCE
    633 THIRD AVENUE
    NEW YORK,NY10017     		N/A PC RESEARCH 250,000
    CATHOLIC CHARITIES COMMUNITY SERVICES
    80 MAIDEN LANE
    NEW YORK,NY10038     		N/A PC SPECIAL PURPOSE 300,000
    DANA FARBER CANCER INSTITUTE
    10 BROOKLINE PLACE WEST
    BROOKLINE,MA02445     		N/A PC RESEARCH 1,000,000
    HADAR INSTITUTE
    190 AMSTERDAM AVENUE
    NEW YORK,NY10023     		N/A PC GENERAL OPERATING SUPPORT 200,000
    HEBREW FREE LOAN SOCIETY
    675 THIRD AVENUE SUITE 1905
    NEW YORK,NY10017     		N/A PC GENERAL OPERATING SUPPORT 100,000
    MEMORIAL SLOAN KETTERING CANCER CENTER
    1275 YORK AVENUE
    NEW YORK,NY10065     		N/A PC RESEARCH 500,000
    NEW YORK UNIVERSITY GROSSMAN SCHOOL OF MEDICINE DIVISION OF BIOETHICS
    550 FIRST AVENUE
    NEW YORK,NY10016     		N/A PC RESEARCH 400,000
    PARKINSON'S FOUNDATION
    200 EAST 1ST STREET SUITE 800
    MIAMI,FL33131     		N/A PC RESEARCH 500,000
    YESHIVAT MAHARAT
    3700 HENRY HUDSON PARKWAY
    BRONX,NY10463     		N/A PC GENERAL OPERATING SUPPORT 120,000
    Total .................................bullet 3b 3,370,000
    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 12,420,345  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 16,931,983 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    16,931,983
    (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 AccountingFeesSchedule
    Name:
    THE APPLEBAUM FOUNDATION INC
    EIN:
    59-1002714
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT AND TAX PREPARATION 55,877 0   55,877
    BOOKKEEPING SERVICES 74,290 0   74,290

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE APPLEBAUM FOUNDATION INC
    EIN:
    59-1002714
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC SR BD CALL DTD 5/14/2015 4.5% 5/14/2035 300000 UNITS 359,613 359,613
    ABBVIE INC SR BD CALL DTD 4,5% 5/14/2035 25000 UNITS 29,968 29,968
    ABBVIE INC SR BD CALL DTD 5/14/2035 50000 UNITS 59,936 59,936
    ABBVIE INC SR NT CALL DTD 5/14/2015 3.2% 11/6/2022 150000 UNITS 152,575 152,575
    AMERICAN EXPRESS CO SR BD DTD 12/3/2012 2/25/2031 300000 UNITS 356,326 356,326
    AMERICAN TOWER CORP SR BD CALL DTD 5/7/2015 4% 6/1/2025 100000 UNITS 107,146 107,146
    AMERICAN TOWER CORP SR BD 5/7/2015 4% 6/1/2025 25000 UNITS 26,786 26,786
    AMERICAN TOWER CORP SR BD DTD 5% 2/15/2024 25000 UNITS 26,932 26,932
    AMGEN INC SR BD CALL 300000 UNITS 301,561 301,561
    AMGEN INC SR BD CALL DTD 5/6/2020 2.3% 2/25/2031 150000 UNITS 150,780 150,780
    AMGEN INC SR NT CALL DTD 2.3% 2/25/2031 25000 UNITS 25,130 25,130
    AMGEN INC SR NT CALL DTD 3.625% 5/22/2024 75000 UNITS 79,055 79,055
    BANK OF AMERICA CORP SR NT DTD 4/1/2014 4% 4/1/2024 300000 UNITS 319,041 319,041
    BANK OF AMERICA CORP SR B DTD 1/21/2014 4.125% 1/22/2024 100000 UNITS 106,322 106,322
    BANK OF AMERICA CORP SR B 4.1% 7/24/2023 25000 UNITS 26,295 26,295
    BIOGEN INC SR BD CALL DTD 4/30/2020 2.25% 5/1/2030 275000 UNITS 271,396 271,396
    BIOGEN INC SR BD CALL DTD 4/30/2020 2.25% 5/1/2030 50000 UNITS 49,345 49,345
    BLACKROCK INC SR BD CALL DTD 5/6/2020 1.9% 1/28/2031 75000 UNITS 74,029 74,029
    BLACKROCK INC SR BD CALL 1.9% 1/28/2031 70000 UNITS 69,094 69,094
    BOSTON PROPERTIES LP SR B 3.25% 1/30/2031 350000 UNITS 397,050 397,050
    BOSTON PROPERTIES LP SR B 5/5/2020 3.25% 1/30/2031 100000 UNITS 104,854 104,854
    BOSTON PROPERTIES LP SR B 5/5/2020 3.25% 1/30/2031 25000 UNITS 26,213 26,213
    BOSTON PROPERTIES LP SR B 5/5/2020 3.25% 1/30/2031 75000 UNITS 78,640 78,640
    BURLINGTON NORTHERN SANTA FE LLC DTD 4/13/2007 6.15% 5/1/2037 100000 UNITS 142,992 142,992
    CAPITAL ONE FINANCIAL COR P SR BD CALL DTD 1/30/2018 3.8% 50000 UNITS 54,509 54,509
    CAPITAL ONE FINANCIAL COR P SR BD CALL DTD 6/6/2013 3.5% 275000 UNITS 285,125 285,125
    CISCO SYSTEMS INC SR NT C 9/20/2016 2.5% 9/20/2026 75000 UNITS 78,781 78,781
    CISCO SYSTEMS INC SR NT DTD 11/17/2009 5.5% 1/15/2040 20000 UNITS 27,992 27,992
    COMCAST CORP SR NT CALL D 4.15% 10/15/2028 75000 UNITS 85,174 85,174
    COMCAST CORP SR NT CALL D TD 10/5/2018 4.15% 10/15/2028 100000 UNITS 113,565 113,565
    COMCAST CORP SR NT CALL D TD 4.15% 10/15/2028 300000 UNITS 327,122 327,122
    CVS HEALTH CORP DTD 6/1/2016 5% 12/1/2024 100000 UNITS 109,392 109,392
    GEORGIA POWER CO SRBD DTD 5.65% 3/1/2037 25000 UNITS 31,426 31,426
    GILEAD SCIENCES INC SR BD 9/14/2015 3.65% 3/1/2026 300000 UNITS 323,500 323,500
    GILEAD SCIENCES INC SR BD 9/14/2015 3.65% 3/1/2026 35000 UNITS 37,742 37,742
    GILEAD SCIENCES INC SR BD 9/14/2015 3.65% 3/1/2026 75000 UNITS 80,875 80,875
    GOLDMAN SACHS GROUP INC/THE SR NT DTD 1/26/2017 3.85% 300000 UNITS 322,607 322,607
    GOLDMAN SACHS GROUP INC/T 3/3/2014 4% 3/3/2024 75000 UNITS 79,584 79,584
    GOLDMAN SACHS GROUP INC/T HE SR NT CALL DTD 2/7/2020 2.6% 125000 UNITS 127,283 127,283
    GOLDMAN SACHS GROUP INC/THE SR NT CALL DTD 2.6% 6/30 25000 UNITS 25,457 25,457
    HOME DEPOT INC SR BD CALL DTD 9/10/2010 5.4% 9/15/2040 50000 UNITS 67,959 67,959
    HOME DEPOT INC/THE SR BD CALL DTD 3.3% 4/15/2040 25000 UNITS 27,128 27,128
    HOME DEPOT INC/THE SR NT 12/6/2018 3.9% 12/6/2028 75000 UNITS 84,798 84,798
    HSBC HLDGS PLC SR NT DTD 3/30/2012 4% 3/30/2022 100000 UNITS 100,875 100,875
    HSBC HLDGS PLC SR NT DTD 3/30/2012 4% 3/30/2022 75000 UNITS 75,656 75,656
    INTEL CORP SR BD CALL DTD 11/21/2019 3.25% 11/15/2049 150000 UNITS 158,851 158,851
    INTEL CORP SR BD CALL DTD 11/21/2019 3.25% 11/15/2049 200000 UNITS 211,801 211,801
    INTEL CORP SR BD CALL DTD 3.25% 11/15/2049 40000 UNITS 42,360 42,360
    INTEL CORP SR BD DTD 9/19/2011 4.8% 10/1/2041 25000 UNITS 32,519 32,519
    INTERCONTINENTAL EXC HANGE INC SR BD CALL DTD 5/26/2020 2.1% 250000 UNITS 248,460 248,460
    INTERCONTINENTAL EXCHANGE CALLDTD 5/26/2020 2.1% 6/15/2030 75000 UNITS 74,538 74,538
    JP MORGAN CHASE & CO SR BOND DTD 1/23/2012 4.5% 1/24/20222 25000 UNITS 25,055 25,055
    JP MORGAN CHASE & CO SR BOND DTD 3/23/2016 3.3% 4/1/2026 50000 UNITS 53,375 53,375
    JPMORGAN CHASE & CO SR BOND DTD 3/23/2016 3.3 % 4/1/2026 300000 UNITS 320,250 320,250
    JPMORGAN CHASE & CO SR NT DTD 1/23/2012 4.5% 1/24/2022 50000 UNITS 50,111 50,111
    MCDONALD'S CORP SR BD CALL DTD 3/37/2020 3.6% 7/1/2030 300000 UNITS 331,760 331,760
    MCDONALD'S CORP SR BD CALL DTD 3/16/2018 3.8% 4/1/2028 75000 UNITS 82,523 82,523
    MCDONALD'S CORP SR BD DTD 8/2/2010 4.875% 7/15/2040 150000 UNITS 188,556 188,556
    MEDTRONIC INC SR BD DTD 3/15/2015 4.375% 3/15/2035 10000 UNITS 12,349 12,349
    MORGAN STANLEY SR NT DTD 7/23/2015 4% 7/23/2025 100000 UNITS 108,550 108,550
    MORGAN STANLEY SR NT DTD 7/23/2015 4% 7/23/2025 300000 UNITS 325,651 325,651
    MORGAN STANLEY SR NT DTD 7/23/2015 4% 7/23/2025 25000 UNITS 27,138 27,138
    ORACLE CORP SR BD CALL DTD 11/9/2017 3.8% 11/15/2037 125000 UNITS 130,399 130,399
    PRUDENTIAL FINANCIAL INC NT DTD 12/14/2006 5.7% 12/14/2036 25000 UNITS 33,852 33,852
    PRUDENTIAL FINANCIAL INC NT DTD 12/14/2006 5.7% 12/14/2036 25000 UNITS 33,852 33,852
    SHELL INTERNATIONAL FINAN CE BV SR BD DTD 12/11/2008 6.375% 35000 UNITS 51,307 51,307
    SHELL INTERNATIONAL FINAN CE BV SR BD DTD 12/11/2008 6.375% 10000 UNITS 14,659 14,659
    SOUTHERN POWER CO SR BD CALL DTD 11/17/2015 4.15% 12/1/2025 50000 UNITS 54,439 54,439
    STARBUCKS CORP SR BD DTD 5/13/2019 3.55 % 8/15/2029 125000 UNITS 136,640 136,640
    STARBUCKS CORP SR BD DTD 5/13/2019 3.55% 8/15/2029 75000 UNITS 81,984 81,984
    STARBUCKS CORP SR BD DTD CALL DTD 5/7/2020 2.55% 11/15/2030 300000 UNITS 306,149 306,149
    UNION PACIFIC CORP SR BD CALL DTD 6/8/2018 3.95% 9/10/2028 70000 UNITS 78,646 78,646
    UNION PACIFIC CORP SR BD CALL DTD 6/8/2018 3.95% 9/10/2028 50000 UNITS 56,175 56,175
    UNITEDHEALTH GROUP INC SR NOTE DTD 7/23/2015 3.75% 7/15/2025 100000 UNITS 108,564 108,564
    UNITEDHEALTH GROUP INC SR NOTE DTD 7/23/2015 3.75% 7/15/2025 75000 UNITS 81,423 81,423
    UNITEDHEALTH GROUP INC SR NT CALL DTD 5/18/2020 2% 5/15/2030 250000 UNITS 248,500 248,500
    VERIZON COMMUNICATIONS INC SR BD DTD 8/10/2017 4.5% 8/10/2033 100000 UNITS 117,863 117,863
    VERIZON COMMUNICATIONS INC SR BND DTD 3/16/2017 4.125% 3/16/2027 50000 UNITS 55,650 55,650
    VERIZON COMMUNICATIONS INC SR BND DTD 3/16/2017 5.25% 3/16/2037 70000 UNITS 91,268 91,268
    VERIZON COMMUNICATIONS INC SR NT CALL DTD 2/8/2019 3.875% 300000 UNITS 333,116 333,116
    VISA INC SR NT CALL DTD 12/14/2015 3.15% 12/14/2025 40000 UNITS 42,720 42,720
    WALT DISNEY CO/THE SR BD DTD 5/13/2020 2.65% 1/13/2031 150000 UNITS 156,213 156,213
    WALT DISNEY CO/THE SR BD DTD 5/13/2020 2.65% 1/13/2031 250000 UNITS 260,355 260,355
    WALT DISNEY CO/THE SR BD DTD 5/13/2020 2.65% 1/13/2031 75000 UNITS 78,106 78,106
    WELLS FARGO & CO SR NT CALL DTD 1/24/2019 4.15% 1/24/2029 150000 UNITS 167,865 167,865
    WELLS FARGO & CO SR NT CALL DTD 1/24/2019 4.15% 1/24/2029 300000 UNITS 335,730 335,730

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE APPLEBAUM FOUNDATION INC
    EIN:
    59-1002714
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 1775 SHRS. 249,805 249,805
    ABBOTT LABORATORIES 2370 SHRS. 333,554 333,554
    ABBOTT LABORATORIES 545 SHRS. 76,703 76,703
    ABBVIE INC (ABBV) 3,150 SHRS. 426,510 426,510
    ABBVIE INC 2095 SHRS. 283,663 283,663
    ABBVIE INC 6960 SHRS. 942,384 942,384
    ABBVIE INC 9300 SHRS. 1,259,220 1,259,220
    ADOBE INC (ADBE) 618 SHRS. 350,443 350,443
    AIR LIQUIDE SA UNSPONSORE D ADR 2030 SHRS. 70,786 70,786
    AIR LIQUIDE SA UNSPONSORE D ADR 640 SHRS. 22,317 22,317
    AIR LIQUIDE SA UNSPONSORED ADR 1100 SHRS. 38,357 38,357
    AIR LIQUIDE SA UNSPONSORED ADR 140 SHRS. 4,882 4,882
    ALLEGION PLC (ALLE) 1,230 SHRS. 162,901 162,901
    ALLIANT ENERGY CORP (LNT) 5,877 SHRS. 361,259 361,259
    ALPHABET INC CL A 1220 SHRS. 3,534,389 3,534,389
    ALPHABET INC-CL A (GOOGL) 230 SHRS. 666,319 666,319
    ALPHABET INC-CL C (GOOG) 289 SHRS. 836,248 836,248
    ALTRIA GROUP INC (MO) 3,014 SHRS. 145,546 145,546
    AMAZON.COM INC (AMZN) 256 SHRS. 853,591 853,591
    AMAZON.COM INC 437 SHRS. 1,457,107 1,457,107
    AMDOCS LTD (DOX) 2,003 SHRS. 150,626 150,626
    AMEREN CORPORATION (AEE) 3,496 SHRS. 311,179 311,179
    AMERICAN CAMPUS COMMUNITIES (ACC.99) 1,717 SHRS. 98,367 98,367
    AMERICAN ELECTRIC POWER (AEP) 3,768 SHRS. 335,239 335,239
    AMERIPRISE FINANCIAL INC 1895 SHRS. 571,646 571,646
    AMERIPRISE FINANCIAL INC 580 SHRS. 174,963 174,963
    AMETEK INC NEW 3200 SHRS. 470,528 470,528
    ANALOG DEVICES INC (ADI) 1,594 SHRS. 280,177 280,177
    ANALOG DEVICES INC 1070 SHRS. 188,074 188,074
    ANALOG DEVICES INC 3600 SHRS. 632,772 632,772
    ANALOG DEVICES INC 5385 SHRS. 946,521 946,521
    ANTHEM INC (ELV) 831 SHRS. 385,202 385,202
    AON PLC CL A 130 SHRS. 39,073 39,073
    AON PLC CL A 15 SHRS. 4,508 4,508
    AON PLC CL A 225 SHRS. 67,626 67,626
    AON PLC CL A 80 SHRS. 24,045 24,045
    APPLE INC (AAPL) 7,153 SHRS. 1,270,158 1,270,158
    APPLE INC 18000 SHRS. 3,196,260 3,196,260
    APPLIED MATERIALS INC 4400 SHRS. 692,384 692,384
    ARTHUR J GALLAGHER & CO 1310 SHRS. 222,268 222,268
    ARTHUR J GALLAGHER & CO 400 SHRS. 67,868 67,868
    AT&T INC 17985 SHRS. 442,431 442,431
    AT&T INC 5430 SHRS. 133,578 133,578
    AUTOMATIC DATA PROCESSING (ADP) 1,141 SHRS. 282,534 282,534
    AUTONATION INC 5700 SHRS. 666,045 666,045
    AUTOZONE INC (AZO) 460 SHRS. 964,339 964,339
    AVERY DENNISON CORP 2155 SHRS. 466,708 466,708
    AVERY DENNISON CORP 3435 SHRS. 743,918 743,918
    AVERY DENNISON CORP 650 SHRS. 140,771 140,771
    BEST BUY CO INC 1480 SHRS. 150,368 150,368
    BEST BUY CO INC 4880 SHRS. 495,808 495,808
    BEST BUY CO INC 4900 SHRS. 497,840 497,840
    BLACKROCK INC 201 SHRS. 184,028 184,028
    BLACKROCK INC 655 SHRS. 599,692 599,692
    BLACKSTONE INC 1735 SHRS. 224,492 224,492
    BLACKSTONE INC 3250 SHRS. 420,518 420,518
    BLACKSTONE INC 530 SHRS. 68,577 68,577
    BOOZ ALLEN HAMILTON HOLDINGS (BAH) 3,959 SHRS. 335,684 335,684
    BOSTON PROPERTIES INC 1145 SHRS. 131,881 131,881
    BOSTON PROPERTIES INC 3805 SHRS. 438,260 438,260
    BOSTON PROPERTIES INC 5100 SHRS. 587,418 587,418
    BROADCOM INC (AVGO) 766 SHRS. 509,704 509,704
    BROADCOM INC 1085 SHRS. 721,970 721,970
    BROADCOM INC 2205 SHRS. 1,467,229 1,467,229
    BROADCOM INC 329 SHRS. 218,920 218,920
    BROWN & BROWN INC 7590 SHRS. 533,425 533,425
    CANADIAN NATURAL RESOURCE 1320 SHRS. 55,770 55,770
    CANADIAN NATURAL RESOURCE 3700 SHRS. 156,325 156,325
    CANADIAN NATURAL RESOURCES LTD 2190 SHRS. 92,528 92,528
    CANADIAN NATURAL RESOURCES LTD 260 SHRS. 10,985 10,985
    CANADIAN PACIFIC RAILWAY 1150 SHRS. 82,731 82,731
    CANADIAN PACIFIC RAILWAY 375 SHRS. 26,978 26,978
    CANADIAN PACIFIC RAILWAY LTD 625 SHRS. 44,963 44,963
    CANADIAN PACIFIC RAILWAY LTD 85 SHRS. 6,115 6,115
    CAPITAL ONE FINANCIAL CORP 1660 SHRS. 240,849 240,849
    CAPITAL ONE FINANCIAL CORP 3400 SHRS. 493,306 493,306
    CAPITAL ONE FINANCIAL CORP 500 SHRS. 72,545 72,545
    CARRIER GLOBAL CORP 8970 SHRS. 486,533 486,533
    CARTER'S INC (CRI) 1,289 SHRS. 130,472 130,472
    CDW CORP/DE (CDW) 1,751 SHRS. 358,570 358,570
    CELANESE CORP SER A 1200 SHRS. 201,672 201,672
    CELANESE CORP SER A 365 SHRS. 61,342 61,342
    CHARTER COMMUNICATIONS IN CA 495 SHRS. 322,725 322,725
    CHEVRON CORP 2145 SHRS. 251,716 251,716
    CHEVRON CORP 4120 SHRS. 483,482 483,482
    CHEVRON CORP 7105 SHRS. 833,772 833,772
    CISCO SYSTEMS INC/DELAWARE 12400 SHRS. 785,788 785,788
    CISCO SYSTEMS INC/DELAWARE 15275 SHRS. 967,977 967,977
    CISCO SYSTEMS INC/DELAWARE 4650 SHRS. 294,671 294,671
    CITRIX SYSTEMS INC (CTXS) 1,963 SHRS. 185,680 185,680
    CME GROUP INC (CME) 1,704 SHRS. 394,834 394,834
    COCA-COLA CO/THE (KO) 6,022 SHRS. 356,563 356,563
    COLGATE-PALMOLIVE CO (CL) 1,437 SHRS. 122,634 122,634
    COMCAST CORP-CLASS A (CMCSA) 5,538 SHRS. 278,728 278,728
    COTERRA ENERGY INC CL A 1640 SHRS. 31,160 31,160
    COTERRA ENERGY INC CL A 22700 SHRS. 431,300 431,300
    COTERRA ENERGY INC CL A 5400 SHRS. 102,600 102,600
    DANA INC 20400 SHRS. 465,528 465,528
    DASSAULT SYSTEMES SE SPONSORED ADR 1000 SHRS. 59,680 59,680
    DASSAULT SYSTEMES SE SPONSORED ADR 125 SHRS. 7,460 7,460
    DASSAULT SYSTEMES SE SPONSORED ADR 1800 SHRS. 107,424 107,424
    DASSAULT SYSTEMES SE SPONSORED ADR 575 SHRS. 34,316 34,316
    DBS GROUP HOLDINGS LTD SPONS ADR 1300 SHRS. 126,568 126,568
    DBS GROUP HOLDINGS LTD SPONS ADR 450 SHRS. 43,812 43,812
    DBS GROUP HOLDINGS LTD SPONS ADR 750 SHRS. 73,020 73,020
    DBS GROUP HOLDINGS LTD SPONS ADR 90 SHRS. 8,762 8,762
    DECKERS OUTDOOR CORP (DECK) 784 SHRS. 287,187 287,187
    DEUTSCHE POST AG SPON (ADR) 1020 SHRS. 65,362 65,362
    DEUTSCHE POST AG SPON (ADR) 130 SHRS. 8,330 8,330
    DEUTSCHE POST AG SPON (ADR) 1800 SHRS. 115,344 115,344
    DEUTSCHE POST AG SPON (ADR) 590 SHRS. 37,807 37,807
    DIGITAL REALTY TRUST INC 2690 SHRS. 475,780 475,780
    DIGITAL REALTY TRUST INC 3649 SHRS. 645,399 645,399
    DIGITAL REALTY TRUST INC 822 SHRS. 145,387 145,387
    DOLLAR GENERAL CORP (DG) 453 SHRS. 106,831 106,831
    DOMINION ENERGY INC (D) 2,623 SHRS. 206,063 206,063
    EAST WEST BANCORP INC 2390 SHRS. 188,045 188,045
    EAST WEST BANCORP INC 7900 SHRS. 621,572 621,572
    EATON CORP PLC 970 SHRS. 167,635 167,635
    EATON CORP PLC 3190 SHRS. 551,296 551,296
    ELECTRONIC ARTS INC (EA) 2,093 SHRS. 276,067 276,067
    ELI LILLY & CO (LLY) 1,173 SHRS. 324,006 324,006
    EMERSON ELECTRIC CO 1440 SHRS. 133,877 133,877
    EMERSON ELECTRIC CO 4770 SHRS. 443,467 443,467
    ENTERGY CORP NEW 1610 SHRS. 181,367 181,367
    ENTERGY CORP NEW 3500 SHRS. 394,275 394,275
    ENTERGY CORP NEW 5315 SHRS. 598,735 598,735
    ERSTE GROUP BANK AG SPONSORED ADR 1120 SHRS. 26,768 26,768
    ERSTE GROUP BANK AG SPONSORED ADR 2000 SHRS. 47,800 47,800
    ERSTE GROUP BANK AG SPONSORED ADR 240 SHRS. 5,736 5,736
    ERSTE GROUP BANK AG SPONSORED ADR 3570 SHRS. 85,323 85,323
    EVEREST RE GROUP LTD (RE) 1,028 SHRS. 281,590 281,590
    FERGUSON PLC 1358 SHRS. 243,612 243,612
    FERGUSON PLC 481 SHRS. 86,287 86,287
    FERGUSON PLC 802 SHRS. 143,871 143,871
    FERGUSON PLC 96 SHRS. 17,221 17,221
    FIDELITY NATIONAL INFO SERV (FIS) 2,735 SHRS. 298,525 298,525
    FIRST HORIZON CORP 13965 SHRS. 228,048 228,048
    FIRST HORIZON CORP 30600 SHRS. 499,698 499,698
    FIRST HORIZON CORP 4250 SHRS. 69,403 69,403
    FORTINET INC 3235 SHRS. 1,162,659 1,162,659
    FORTIVE CORP 13670 SHRS. 1,042,884 1,042,884
    GARMIN LTD (GRMN) 1,176 SHRS. 160,136 160,136
    GENERAC HOLDINGS INC (GNRC) 470 SHRS. 165,402 165,402
    GENPACT LTD (G) 6,127 SHRS. 325,221 325,221
    HERBALIFE LTD 4740 SHRS. 194,008 194,008
    HOME DEPOT INC (HD) 1,236 SHRS. 512,952 512,952
    HOME DEPOT INC 1840 SHRS. 763,618 763,618
    HOME DEPOT INC 2300 SHRS. 954,523 954,523
    HOME DEPOT INC 560 SHRS. 232,406 232,406
    HONEYWELL INTERNATIONAL INC 1120 SHRS. 233,531 233,531
    HONEYWELL INTERNATIONAL INC 3690 SHRS. 769,402 769,402
    HONEYWELL INTERNATIONAL INC 3810 SHRS. 794,423 794,423
    HOULIHAN LOKEY INC (HLI) 3,477 SHRS. 359,939 359,939
    HOYA CORP ADR 1200 SHRS. 179,484 179,484
    HOYA CORP ADR 430 SHRS. 64,315 64,315
    HOYA CORP ADR 710 SHRS. 106,195 106,195
    HOYA CORP ADR 80 SHRS. 11,966 11,966
    ING GROEP NV SPONSORED ADR 10500 SHRS. 146,160 146,160
    ING GROEP NV SPONSORED ADR 3740 SHRS. 52,061 52,061
    ING GROEP NV SPONSORED ADR 6220 SHRS. 86,582 86,582
    ING GROEP NV SPONSORED ADR 730 SHRS. 10,162 10,162
    INTERCONTINENTAL EXCHANGE IN (ICE) 2,927 SHRS. 400,326 400,326
    INTERCONTINENTAL HOTELS GRP PLC SPN ADR 1028 SHRS. 67,036 67,036
    INTERCONTINENTAL HOTELS GRP PLC SPN ADR 333 SHRS. 21,715 21,715
    INTERCONTINENTAL HOTELS GRP PLC SPN ADR 516 SHRS. 33,648 33,648
    INTERCONTINENTAL HOTELS GRP PLC SPN ADR 74 SHRS. 4,826 4,826
    JBS SA SPONSORED ADR 3010 SHRS. 41,237 41,237
    JBS SA SPONSORED ADR 5010 SHRS. 68,637 68,637
    JBS SA SPONSORED ADR 580 SHRS. 7,946 7,946
    JBS SA SPONSORED ADR 8500 SHRS. 116,450 116,450
    JOHNSON & JOHNSON (JNJ) 1,637 SHRS. 280,042 280,042
    JOHNSON & JOHNSON 1380 SHRS. 236,077 236,077
    JOHNSON & JOHNSON 4285 SHRS. 733,035 733,035
    JOHNSON & JOHNSON 4580 SHRS. 783,501 783,501
    JOHNSON CONTROLS INTERNATIONAL PLC 2760 SHRS. 224,416 224,416
    JOHNSON CONTROLS INTERNATIONAL PLC 9070 SHRS. 737,482 737,482
    JPMORGAN CHASE & CO (JPM) 3,440 SHRS. 544,724 544,724
    JPMORGAN CHASE & CO 1790 SHRS. 283,447 283,447
    JPMORGAN CHASE & CO 5925 SHRS. 938,224 938,224
    JPMORGAN CHASE & CO 8500 SHRS. 1,345,975 1,345,975
    KINDER MORGAN INC 11615 SHRS. 184,214 184,214
    KINDER MORGAN INC 3520 SHRS. 55,827 55,827
    KINGFISHER PLC SPONSORED ADR 10950 SHRS. 102,218 102,218
    KINGFISHER PLC SPONSORED ADR 3450 SHRS. 32,206 32,206
    KINGFISHER PLC SPONSORED ADR 6080 SHRS. 56,757 56,757
    KINGFISHER PLC SPONSORED ADR 750 SHRS. 7,001 7,001
    KLA CORP (KLAC) 659 SHRS. 283,442 283,442
    KONINKLIJKE AHOLD-SP ADR (ADRNY) 8,045 SHRS. 275,702 275,702
    LEGGETT & PLATT INC 12500 SHRS. 514,500 514,500
    LEGGETT & PLATT INC 1890 SHRS. 77,792 77,792
    LEGGETT & PLATT INC 6240 SHRS. 256,838 256,838
    LEGRAND SA UNSPOSORED ADR 1340 SHRS. 31,302 31,302
    LEGRAND SA UNSPOSORED ADR 2330 SHRS. 54,429 54,429
    LEGRAND SA UNSPOSORED ADR 290 SHRS. 6,774 6,774
    LEGRAND SA UNSPOSORED ADR 4200 SHRS. 98,112 98,112
    LKQ CORP 10100 SHRS. 606,303 606,303
    LOCKHEED MARTIN CORP 140 SHRS. 49,757 49,757
    LOCKHEED MARTIN CORP 455 SHRS. 161,712 161,712
    MACQUARIE GROUP LTD SPONSORED ADR 205 SHRS. 30,773 30,773
    MACQUARIE GROUP LTD SPONSORED ADR 355 SHRS. 53,289 53,289
    MACQUARIE GROUP LTD SPONSORED ADR 45 SHRS. 6,755 6,755
    MACQUARIE GROUP LTD SPONSORED ADR 645 SHRS. 96,821 96,821
    MAGNA INTERNATIONAL INC CL A 1040 SHRS. 84,178 84,178
    MAGNA INTERNATIONAL INC CL A 330 SHRS. 26,710 26,710
    MAGNA INTERNATIONAL INC CLA 580 SHRS. 46,945 46,945
    MAGNA INTERNATIONAL INC CLA 70 SHRS. 5,666 5,666
    MARSH & MCLENNAN COS (MMC) 1,250 SHRS. 217,275 217,275
    MASCO CORP 13570 SHRS. 952,885 952,885
    MASTERCARD INC - A (MA) 889 SHRS. 319,435 319,435
    MASTERCARD INC CL A 1550 SHRS. 556,946 556,946
    MCDONALD'S CORP 1370 SHRS. 367,256 367,256
    MCDONALD'S CORP 415 SHRS. 111,249 111,249
    MEDTRONIC PLC (MDT) 1,388 SHRS. 144,463 144,463
    MEDTRONIC PLC 2575 SHRS. 266,384 266,384
    MEDTRONIC PLC 780 SHRS. 80,691 80,691
    MERCK & CO INC 1740 SHRS. 133,354 133,354
    MERCK & CO INC 5640 SHRS. 432,250 432,250
    MERCK & CO. INC. (MRK) 6,680 SHRS. 516,564 516,564
    META PLATFORMS INC CL A 3475 SHRS. 1,168,816 1,168,816
    META PLATFORMS INC-CLASS A (META) 2,015 SHRS. 677,745 677,745
    METLIFE INC 1100 SHRS. 68,739 68,739
    METLIFE INC 3620 SHRS. 226,214 226,214
    MICROSOFT CORP (MSFT) 7,691 SHRS. 2,586,637 2,586,637
    MICROSOFT CORP 13145 SHRS. 4,420,926 4,420,926
    MICROSOFT CORP 1555 SHRS. 522,978 522,978
    MICROSOFT CORP 510 SHRS. 171,523 171,523
    MORGAN STANLEY 10000 SHRS. 981,600 981,600
    MORGAN STANLEY 2880 SHRS. 282,701 282,701
    MORGAN STANLEY 9480 SHRS. 930,557 930,557
    MOTOROLA SOLUTIONS INC (MSI) 720 SHRS. 196,193 196,193
    MOTOROLA SOLUTIONS INC 3720 SHRS. 1,010,724 1,010,724
    NEXTERA ENERGY INC (NEE) 4,637 SHRS. 432,910 432,910
    NEXTERA ENERGY INC 1170 SHRS. 109,231 109,231
    NEXTERA ENERGY INC 3865 SHRS. 360,836 360,836
    NIKE INC CL B 3600 SHRS. 600,012 600,012
    NORTHROP GRUMMAN CORP (NOC) 1,215 SHRS. 470,290 470,290
    NORTONLIFELOCK INC (NLOK) 16,517 SHRS. 429,112 429,112
    NOVO NORDISK A/S SPONSORED ADR 1100 SHRS. 123,200 123,200
    NOVO NORDISK A/S SPONSORED ADR 410 SHRS. 45,920 45,920
    NOVO NORDISK A/S SPONSORED ADR 680 SHRS. 76,160 76,160
    NOVO NORDISK A/S SPONSORED ADR 80 SHRS. 8,960 8,960
    NUTRIEN LTD 110 SHRS. 8,272 8,272
    NUTRIEN LTD 1600 SHRS. 120,320 120,320
    NUTRIEN LTD 550 SHRS. 41,360 41,360
    NUTRIEN LTD 920 SHRS. 69,184 69,184
    NXP SEMICONDUCTORS NV 220 SHRS. 50,112 50,112
    NXP SEMICONDUCTORS NV 385 SHRS. 87,695 87,695
    NXP SEMICONDUCTORS NV 50 SHRS. 11,389 11,389
    NXP SEMICONDUCTORS NV 690 SHRS. 157,168 157,168
    ORACLE CORP (ORCL) 8,173 SHRS. 712,767 712,767
    O'REILLY AUTOMOTIVE INC (ORLY) 824 SHRS. 581,934 581,934
    ORIX CORP SPONSORED ADR 105 SHRS. 10,687 10,687
    ORIX CORP SPONSORED ADR 1500 SHRS. 152,670 152,670
    ORIX CORP SPONSORED ADR 520 SHRS. 52,926 52,926
    ORIX CORP SPONSORED ADR 860 SHRS. 87,531 87,531
    OSHKOSH CORP (OSK) 1,288 SHRS. 145,170 145,170
    OSHKOSH CORP CL B 5200 SHRS. 586,092 586,092
    PARKER-HANNIFIN CORP 1200 SHRS. 381,744 381,744
    PAYCHEX INC (PAYX) 5,429 SHRS. 741,059 741,059
    PFIZER INC 18620 SHRS. 1,099,511 1,099,511
    PFIZER INC 23440 SHRS. 1,384,132 1,384,132
    PFIZER INC 5660 SHRS. 334,223 334,223
    PHILIP MORRIS INTERNATION 8700 SHRS. 826,500 826,500
    PHILIP MORRIS INTERNATIONAL (PM) 4,754 SHRS. 457,573 457,573
    PHILIP MORRIS INTERNATIONAL INC 1560 SHRS. 148,200 148,200
    PHILIP MORRIS INTERNATIONAL INC 5155 SHRS. 489,725 489,725
    PROCTER & GAMBLE CO 1585 SHRS. 259,274 259,274
    PROCTER & GAMBLE CO/THE (PG) 3,233 SHRS. 528,854 528,854
    PROCTER & GAMBLE CO/THE 2800 SHRS. 458,024 458,024
    PROCTER & GAMBLE CO/THE 5240 SHRS. 857,159 857,159
    PROGRESSIVE CORP (PGR) 4,057 SHRS. 416,451 416,451
    RECRUIT HOLDINGS CO LTD UNSPON ADR 2070 SHRS. 25,213 25,213
    RECRUIT HOLDINGS CO LTD UNSPON ADR 3450 SHRS. 42,021 42,021
    RECRUIT HOLDINGS CO LTD UNSPON ADR 400 SHRS. 4,872 4,872
    RECRUIT HOLDINGS CO LTD UNSPON ADR 5900 SHRS. 71,862 71,862
    REGAL REXNORD CORP (RRX) 914 SHRS. 155,846 155,846
    RELX PLC - SPON ADR (RELX) 5,875 SHRS. 191,584 191,584
    ROCHE HOLDING AG 1490 SHRS. 77,018 77,018
    ROCHE HOLDING AG 220 SHRS. 11,372 11,372
    ROCHE HOLDING AG 3200 SHRS. 165,408 165,408
    ROCHE HOLDING AG 780 SHRS. 40,318 40,318
    ROCHE HOLDINGS LTD-SPONS ADR (RHHBY) 8,416 SHRS. 437,708 437,708
    ROSS STORES INC (ROST) 1,173 SHRS. 134,050 134,050
    ROYAL DUTCH SHELL-SPON ADR-B (RDS/B) 6,142 SHRS. 266,256 266,256
    RWE AG SPONSORED ADR 1480 SHRS. 60,428 60,428
    RWE AG SPONSORED ADR 170 SHRS. 6,941 6,941
    RWE AG SPONSORED ADR 2500 SHRS. 102,075 102,075
    RWE AG SPONSORED ADR 880 SHRS. 35,930 35,930
    S&P GLOBAL INC (SPGI) 1,202 SHRS. 567,260 567,260
    SALESFORCE INC 3115 SHRS. 791,615 791,615
    SCHLUMBERGER LTD 1250 SHRS. 37,438 37,438
    SCHLUMBERGER LTD 15600 SHRS. 467,220 467,220
    SCHLUMBERGER LTD 4120 SHRS. 123,394 123,394
    SERVICENOW INC (NOW) 256 SHRS. 166,172 166,172
    SHERWIN-WILLIAMS CO/THE (SHW) 1,119 SHRS. 394,067 394,067
    SHIN-ETSU CHEMICAL CO LTD UNSP ADR 1020 SHRS. 44,288 44,288
    SHIN-ETSU CHEMICAL CO LTD UNSP ADR 1720 SHRS. 74,682 74,682
    SHIN-ETSU CHEMICAL CO LTD UNSP ADR 200 SHRS. 8,684 8,684
    SHIN-ETSU CHEMICAL CO LTD UNSP ADR 2900 SHRS. 125,918 125,918
    SONIC HEALTHCARE LTD SPONSORED ADR 1330 SHRS. 44,741 44,741
    SONIC HEALTHCARE LTD SPONSORED ADR 420 SHRS. 14,129 14,129
    SONIC HEALTHCARE LTD SPONSORED ADR 730 SHRS. 24,557 24,557
    SONIC HEALTHCARE LTD SPONSORED ADR 90 SHRS. 3,028 3,028
    SONY GROUP CORP AMER SH NEW ADR 1450 SHRS. 183,280 183,280
    SONY GROUP CORP AMER SH NEW ADR 190 SHRS. 24,016 24,016
    SONY GROUP CORP AMER SH NEW ADR 2800 SHRS. 353,920 353,920
    SONY GROUP CORP AMER SH NEW ADR 680 SHRS. 85,952 85,952
    SSE PLC SPONSORED ADR 1320 SHRS. 29,423 29,423
    SSE PLC SPONSORED ADR 2210 SHRS. 49,261 49,261
    SSE PLC SPONSORED ADR 250 SHRS. 5,573 5,573
    SSE PLC SPONSORED ADR 3700 SHRS. 82,473 82,473
    STRYKER CORP 1200 SHRS. 320,904 320,904
    SUN COMMUNITIES INC (SUI) 1,168 SHRS. 246,214 246,214
    T ROWE PRICE GROUP INC (TROW) 852 SHRS. 167,537 167,537
    TAIWAN SEMICONDUCTOR-SP ADR (TSM) 1,504 SHRS. 180,946 180,946
    TECHNIPFMC PLC 2460 SHRS. 14,563 14,563
    TECHNIPFMC PLC 4340 SHRS. 25,693 25,693
    TECHNIPFMC PLC 530 SHRS. 3,138 3,138
    TECHNIPFMC PLC 7820 SHRS. 46,294 46,294
    TEXAS INSTRUMENTS INC (TXN) 1,143 SHRS. 215,421 215,421
    TFI INTERNATIONAL INC 1000 SHRS. 112,110 112,110
    TFI INTERNATIONAL INC 250 SHRS. 28,028 28,028
    TFI INTERNATIONAL INC 490 SHRS. 54,934 54,934
    TFI INTERNATIONAL INC 70 SHRS. 7,848 7,848
    THERMO FISHER SCIENTIFIC INC (TMO) 581 SHRS. 387,818 387,818
    THERMO FISHER SCIENTIFICINC 2095 SHRS. 1,397,868 1,397,868
    TJX COS INC 13100 SHRS. 994,552 994,552
    TJX COS INC/THE 2610 SHRS. 198,151 198,151
    TJX COS INC/THE 790 SHRS. 59,977 59,977
    TORONTO-DOMINION BANK 450 SHRS. 34,506 34,506
    TORONTO-DOMINION BANK 130 SHRS. 9,968 9,968
    TORONTO-DOMINION BANK 1800 SHRS. 138,024 138,024
    TORONTO-DOMINION BANK/THE 860 SHRS. 65,945 65,945
    TOTALENERGIES SE SPONSORED ADR 290 SHRS. 14,343 14,343
    TOTALENERGIES SE SPONSORED ADR 520 SHRS. 25,719 25,719
    TOTALENERGIES SE SPONSORED ADR 70 SHRS. 3,462 3,462
    TOTALENERGIES SE SPONSORED ADR 940 SHRS. 46,492 46,492
    TRUIST FINANCIAL CORP 18380 SHRS. 1,076,149 1,076,149
    TRUIST FINANCIAL CORP 2198 SHRS. 128,693 128,693
    TRUIST FINANCIAL CORP 7220 SHRS. 422,731 422,731
    UNION PACIFIC CORP 1005 SHRS. 253,190 253,190
    UNION PACIFIC CORP 3105 SHRS. 782,243 782,243
    UNION PACIFIC CORP 3630 SHRS. 914,506 914,506
    UNITEDHEALTH GROUP INC (UNH) 1,618 SHRS. 812,463 812,463
    UNITEDHEALTH GROUP INC 215 SHRS. 107,960 107,960
    UNITEDHEALTH GROUP INC 3250 SHRS. 1,631,955 1,631,955
    UNITEDHEALTH GROUP INC 710 SHRS. 356,519 356,519
    UNIVERSAL MUSIC GROUP NV UNSPONSORED ADR 2230 SHRS. 30,997 30,997
    UNIVERSAL MUSIC GROUP NV UNSPONSORED ADR 3940 SHRS. 54,766 54,766
    UNIVERSAL MUSIC GROUP NV UNSPONSORED ADR 500 SHRS. 6,950 6,950
    UNIVERSAL MUSIC GROUP NV UNSPONSORED ADR 7110 SHRS. 98,829 98,829
    US BANCORP (USB) 3,253 SHRS. 184,217 184,217
    VERIZON COMMUNICATIONS INC (VZ) 7,302 SHRS. 379,412 379,412
    VERIZON COMMUNICATIONS INC 11085 SHRS. 575,977 575,977
    VERIZON COMMUNICATIONS INC 3350 SHRS. 174,066 174,066
    VISA INC CL A 3770 SHRS. 816,997 816,997
    VISA INC-CLASS A SHARES (V) 2,170 SHRS. 470,261 470,261
    VOYA FINANCIAL INC 11300 SHRS. 749,303 749,303
    WALMART INC (WMT) 3,796 SHRS. 551,331 551,331
    WALMART INC 3300 SHRS. 477,477 477,477
    WARNER MUSIC GROUP CORP CLA 8700 SHRS. 375,666 375,666
    ZOETIS INC 2600 SHRS. 637,208 637,208

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE APPLEBAUM FOUNDATION INC
    EIN:
    59-1002714
    US Government Securities - End of Year Book Value:

    8,964,616
    US Government Securities - End of Year Fair Market Value:

    8,964,616
    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:
    THE APPLEBAUM FOUNDATION INC
    EIN:
    59-1002714
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AIF VI PRIVATE INVESTORS LLC FMV 12,963 12,963
    BERNSTEIN INTER. DURATION INSTITUTIONAL PORTFOLIO(SIIDX) 397,675.711 SHRS. FMV 6,060,583 6,060,583
    CLARION PRIVATE INVESTORS, LLC FMV 2,384,837 2,384,837
    CPI (CARLYLE PROPERTY) PRIVATE INVESTORS, LLC (ONSHORE INVESTORS) FMV 2,170,494 2,170,494
    ENERGY SELECT SECTOR SPDRFUND 1590 SHRS. FMV 88,245 88,245
    FIDELITY 500 INDEX FUND (FXAIX) 165.32 SHRS. FMV 16,739,411 16,739,411
    FIDELITY INTL INDX-INST PRM (FSPSX) 49.29 SHRS FMV 566,147 566,147
    HARDING LOEVNER INSTL EMERG MKTS PRTFLIO 2815.585 SHRS. FMV 69,151 69,151
    HARDING LOEVNER INSTL EMERG MKTS PRTFLIO 11217.541 SHRS. FMV 275,503 275,503
    HARDING LOEVNER INSTL EMERG MKTS PRTFLIO 22051.502 SHRS. FMV 541,585 541,585
    HARDING LOEVNER INSTL EMERG MKTS PRTFLIO 44297.444 SHRS. FMV 1,087,945 1,087,945
    ISHARES MSCI EAFE SMALL CAP ETF 280 SHRS. FMV 20,465 20,465
    ISHARES MSCI EAFE SMALL-CAP ETF 1130 SHRS. FMV 82,592 82,592
    ISHARES MSCI JAPAN ETF 140 SHRS. FMV 9,374 9,374
    ISHARES MSCI JAPAN ETF 2000 SHRS. FMV 133,920 133,920
    ISHARES MSCI JAPAN ETF 490 SHRS. FMV 32,810 32,810
    ISHARES MSCI JAPAN ETF 930 SHRS. FMV 62,273 62,273
    JPMORGAN BETABUILDERS CANADA (BBCA) 57.20 SHRS. FMV 1,149,187 1,149,187
    JPMORGAN BETABUILDERS DEV ASIA X-JPN (BBAX) 54.11 SHRS FMV 1,012,993 1,012,993
    JPMORGAN BETABUILDERS EUROPE ETF (BBEU) 59.74 SHRS. FMV 2,253,214 2,253,214
    JPMORGAN BETABUILDERS JAPAN ETF (BBJP) 55.08 SHRS FMV 1,566,475 1,566,475
    MATERIALS SELECT SECTOR SPDR TRUST 2870 SHRS. FMV 260,051 260,051
    MATTHEWS PACIFIC TIGER FUND CL IS 10787.209 SHRS. FMV 296,648 296,648
    MATTHEWS PACIFIC TIGER FUND CL IS 1474.66 SHRS. FMV 40,553 40,553
    MATTHEWS PACIFIC TIGER FUND CL IS 18939.161 SHRS. FMV 520,827 520,827
    MATTHEWS PACIFIC TIGER FUND CL IS 8105.068 SHRS. FMV 222,889 222,889
    PIMCO INCOME FUND-INS (PIMIX) 11.94 SHRS FMV 474,148 474,148
    SIX CIRCLES CREDIT OPPORT (CRDOX) 10.28 SHRS FMV 1,123,902 1,123,902
    SIX CIRCLES GLOBAL BOND (CGLBX) 9.87 SHRS FMV 5,469,699 5,469,699
    SIX CIRCLES INTL UNCON EQ (CIUEX) 11.10 SHRS. FMV 4,367,443 4,367,443
    SIX CIRCLES ULTR SHRT DUR (CUSDX) 9.95 SHRS FMV 459,385 459,385
    SIX CIRCLES US UNCONSTR EQ (CUSUX) 15.01 SHRS. FMV 5,491,519 5,491,519
    VANGUARD FTSE ALL WLD EX- US SML-CAP ETF 2260 SHRS. FMV 302,750 302,750
    VANGUARD FTSE ALL WLD EX-US SML-CAP ETF 1140 SHRS. FMV 152,714 152,714
    VANGUARD MORTGAGE-BACKED SEC (VMBS) 52.84 SHRS FMV 559,047 559,047
    VANGUARD SHORT-TERM BOND ETF (BSV) 80.83 SHRS. FMV 3,855,833 3,855,833
    VANGUARD TOTAL BOND MARKET (BND) 84.75 SHRS FMV 1,662,202 1,662,202
    VANGUARD TOTAL INTL BOND ETF (BNDX) 55.16 SHRS FMV 7,739,831 7,739,831
    VARIANT ALTERNATIVE INCOME FUND 4597.279 SHRS. FMV 128,402 128,402
    VARIANT ALTERNATIVE INCOME FUND 7079.808 SHRS. FMV 197,739 197,739
    VERSUS CAP MULTI MGR REAL EST INCOME FD 18794.035 SHRS. FMV 570,399 570,399
    VERSUS CAP MULTI MGR REAL EST INCOME FD 34613.326 SHRS. FMV 1,050,514 1,050,514
    VERSUS CAP MULTI MGR REAL EST INCOME FD 54022.381 SHRS. FMV 1,639,579 1,639,579
    VERSUS CAPITAL MULTI MGR REAL EST INCOME FD 11748.354 SHRS. FMV 356,563 356,563
    VERSUS CAPITAL REAL ASSET 55733.268 SHRS. FMV 1,501,454 1,501,454
    VERSUS CAPITAL REAL ASSETS FUND LLC 11632.57 SHRS. FMV 313,381 313,381
    VERSUS CAPITAL REAL ASSETS FUND LLC 19723.916 SHRS. FMV 531,362 531,362
    VERSUS CAPITAL REAL ASSETS FUND LLC 41162.205 SHRS. FMV 1,108,910 1,108,910
    VINTAGE 2019 PRIVATE INVESTMENTS OFFSHORE SICAV-RAIF S.C.SP. FMV 3,390,293 3,390,293
    VINTAGE 2020 PRIVATE INVESTMENTS OFFSHORE SICAV-RAIF S.C.SP. - CLASS A FMV 666,921 666,921
    VINTAGE 2021 PRIVATE INVESTMENTS OFFSHORE SICAV-RAIF S.C.SP. - CLASS A FMV 330,602 330,602

    TY 2021 OtherExpensesSchedule
    Name:
    THE APPLEBAUM FOUNDATION INC
    EIN:
    59-1002714
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEES 1,500 0   1,500
    OFFICE EXPENSES 20,106 0   20,106
    INSURANCE 2,939 0   2,939
    IT RELATED EXPENSES 1,416 0   1,416
    PAYROLL PROCESSING FEES 1,811 0   1,811
    OTHER PARTNERSHIP EXPENSES 0 21,243   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THE APPLEBAUM FOUNDATION INC
    EIN:
    59-1002714
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVESTMENT INCOME 50,409 50,409 50,409


    TY 2021 OtherIncreasesSchedule
    Name:
    THE APPLEBAUM FOUNDATION INC
    EIN:
    59-1002714
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 19,416,257
    ADJUSTMENT FOR PRIOR YEAR UNREALIZED GAINS 37,277,081


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE APPLEBAUM FOUNDATION INC
    EIN:
    59-1002714
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    IT CONSULTANT 4,000 0   4,000
    INVESTMENT ADVISORY 297,216 297,216   0
    INVESTMENT CUSTODIAN AND MANAGEMENT 412,010 412,010   0
    INVESTMENT MANAGEMENT FEES THRU K-1S 0 5,666   0


    TY 2021 TaxesSchedule
    Name:
    THE APPLEBAUM FOUNDATION INC
    EIN:
    59-1002714
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAXES PAID 325,439 0   0
    FOREIGN TAXES PAID 11,916 11,916   0