TY 2021 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

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

Name of foundation
THE LU FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)820 S MONACO PKWY 340
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DENVER, CO80224

A Employer identification number

20-4664674

B Telephone number (see instructions)

(303) 898-0287

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

$4,169,682J 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)	109,884
2	Check .............
3	Interest on savings and temporary cash investments	26,599		26,599	26,599
4	Dividends and interest from securities...	40,223		40,223	40,223
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		156,806
b	Gross sales price for all assets on line 6a 375,446
7	Capital gain net income (from Part IV, line 2)...			156,806
8	Net short-term capital gain.........				26,676
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).......		3,940
12	Total. Add lines 1 through 11........	337,452		223,628	93,498
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		2,750	2,750	2,750
c	Other professional fees (attach schedule)....
17	Interest...............	219		219	219
18	Taxes (attach schedule) (see instructions)...		322	322	322
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		15,638	15,638	15,638
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	18,929		18,929	18,929	0
25	Contributions, gifts, grants paid.......	162,500				162,500
26	Total expenses and disbursements. Add lines 24 and 25	181,429		18,929	18,929	162,500
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	156,023
b	Net investment income (if negative, enter -0-)			204,699
c	Adjusted net income (if negative, enter -0-)...				74,569

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.........	1,715,329	1,633,316	1,633,316
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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
	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).......	497,681	571,675	982,024
	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)..........	648,135	812,177	1,554,342
	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)	2,861,145	3,017,168	4,169,682
	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........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	2,861,145	3,017,168
	29	Total net assets or fund balances (see instructions).....	2,861,145	3,017,168
	30	Total liabilities and net assets/fund balances (see instructions).	2,861,145	3,017,168

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

2,861,145

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

156,023

Other increases not included in line 2 (itemize) bullet

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

3,017,168

Decreases not included in line 2 (itemize) bullet

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

3,017,168

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	CHAS SCHWAB LT	P	2001-07-01	2021-12-15
b	CHAS SCHWAB LT	P	2001-07-01	2021-12-15
c	TD AMERITRADE ST COVERED	P	2021-07-01	2021-12-15
d	TD AMERITRADE ST COVERED	P	2001-07-01	2021-12-15
e	Citi - Barclays	P	2021-07-23	2021-10-28
	DGP IV OWNERSHIP OFFSHORE FEEDER FUND LP	P	2021-07-01	2021-12-15
	NGT II OFFSHORE FEEDER FUND LP	P	2021-07-01	2021-12-15
	NGT II OFFSHORE FEEDER FUND LP	P	2001-07-01	2021-12-15
	Capital Gain Dividends

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	13,192	24,089	-10,897
b	37,989	23,231	14,758
c	66,501	61,277	5,224
d	109,937	60,043	49,894
e	50,000	50,000
	16,610		16,610
	4,842		4,842
	7,274		7,274
			69,101

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			-10,897
b			14,758
c			5,224
d			49,894
e
			16,610
			4,842
			7,274

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	156,806
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	26,676

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
3	Add lines 1 and 2...........................	3	2,845
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,845
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	1,617
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	3,700
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	5,317
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
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	2,472
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax2,472	Refunded	11

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

C MIKE LU Telephone no. bullet

(303) 898-0287

Located at bullet

820 S MONACO PKWY UNIT 340DENVERCO ZIP+4 bullet

80224

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)

(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
C MIKE LU	President 1.00	0
820 S MONACO PKWY UNIT 340 DENVER,CO80224	President 1.00	0
C MARIA LU	Secretary 0.00	0
820 S MONACO PKWY UNIT 340 DENVER,CO80224	Secretary 0.00	0
Y JEFF LU	Director 0.00	0
820 S MONACO PKWY UNIT 340 DENVER,CO80224	Director 0.00	0
CONNIE LU	Director 0.00	0
820 S MONACO PKWY UNIT 340 DENVER,CO80224	Director 0.00	0

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

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

2,254,615

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

1,662,278

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

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

3,916,893

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

3,916,893

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

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

58,753

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

3,858,140

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

192,907

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

192,907

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

2,845

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

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

2,845

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

190,062

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

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

190,062

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

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

190,062

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	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7			190,062
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......		162,152
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........
4Qualifying distributions for 2021 from Part
XI, line 4: $ 162,500
a Applied to 2020, but not more than line 2a		162,152
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2021 distributable amount.....			348
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2021.
(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
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........			189,714
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) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......
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)

Page 10

Part XIII

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

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

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

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2021)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ADOPT A FAMILY OF THE PALM BEACHES 1712 SECOND AVENUE NORTH LAKE WORTH,FL33460	NO RELATIONSHIP	NC	CHARITABLE	8,000
FOUNDATION OF NATIONAL PROGRESS 222 SUTTER STREET SUITE 600 SAN FRANCISCO,CA94108	NO RELATIONSHIP	NC	CHARITABLE	13,000
PROJECT ANGEL HEART 4950 WASHINGTON STREET DENVER,CO80216	NO RELATIONSHIP	NC	CHARITABLE	50,000
PROPUBLICA ONE EXCHANGE PLAZA 23RD FLR NEW YORK,NY10006	NO RELATIONSHIP	NC	CHARITABLE	17,000
SAFEHOUSE DENVER INC 1649 DOWNING STREET DENVER,CO80218	NO RELATIONSHIP	NC	CHARITABLE	8,000
DOCTORS WITHOUT BORDERS 333 SEVENTH AVENUE 2ND FLOOR NEW YORK,NY10001	NO RELATIONSHIP	NC	CHARITABLE	22,000
URBAN PEAK 820 S MONOCOA PKWY DENVER,CO80224	NO RELATIONSHIP	NC	CHARITABLE	6,500
STATE INNOVATION EXCHANGE PO BOX 260230 MADISON,WI53726	NO RELATIONSHIP	NC	CHARITABLE	7,000
CHINESE HOSPITAL 845 JACKSON STREET SAN FRANCISCO,CA94133	NO RELATIONSHIP	NC	CHARITABLE	11,000
ACTIVATEIT OF DENVER 1700 LINCOLN ST 17TH FL DENVER,CO80203	NO RELATIONSHIP	NC	CHARITABLE	20,000
Total ................................. 3a				162,500

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 ...........			14	26,599
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 ............				69,101	87,705
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) ..				139,863	87,705

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

227,568

(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:	21013475
Software Version:	2021v4.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

THE LU FOUNDATION

EIN:

20-4664674

Software ID:

21013475

Software Version:

2021v4.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION	2,750	2,750	2,750	0

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

THE LU FOUNDATION

EIN:

20-4664674

Software ID:

21013475

Software Version:

2021v4.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
800 CAL MAINE FOODS	17,971	29,592
300 CORNING INC	2,672	11,169
100 SAP SE	8,008	14,011
250 TEXAS INSTRUMENTS	7,625	47,118
143 AMN HEALTHCARE SERVICES INC	11,274	17,493
336 APPLE INC	9,475	59,663
176 DISCOVER FINL SVCS	9,737	20,339
106 TYSON FOODS INC	4,509	9,239
1100 APPLE HOSPITALITY	20,025	17,765
500 REALTY INCOME CORP	22,675	35,795
400 CHIMERA INVESTMENT	3,102	6,032
301 DELL TECHNOLOGIES	7,882	16,907
15 ALPHABET INC	13,970	43,456
30 MASTERCARD INC
3 BOOKING HOLDINGS INC	5,205	7,198
65 VERISIGN INC	6,834	16,498
603 CARGURUS INC	21,259	20,285
75 WALT DISNEYTENSID TLAW 57
50 WATERS CORP	8,905	18,630
99 MCGRATH RENTCORP
357 ALLISON TRANSMISSION HOLDINGS	12,729	12,977
BLOOMIN BRANDS INC
102 BRUNSWICK CORP	9,406	10,274
77 ENCOMPASS HEALTH CORPORATION
155 EXELON CORPORATION	5,882	8,953
336 IAA INC	16,853	17,008
500 DASSAULT SYSTEM	15,620	29,840
70 AMERISOURCEBERGEN CORPORATION
113 APPLIED MATERIALS INC	9,626	17,782
62 BERKSHIRE HATHAWAY INC	12,193	18,538
99 CHEVRON CORPORATION
93 EMERSON ELECTRIC
152 WINNEBAGO INDUSTRIES INC	10,236	11,388
98 LABORATORY CORP AMER HLDGS	28,722	30,793
52 MCKESSON CORPORATION	6,358	12,925
530 METLIFE INC	18,739	33,120
94 ROGERS CORP
377 PRESTIGE CONSUMER HEALTHCARE	20,951	22,865
81 TARGET CORP
354 TAYLOR MORRISON HOME CORP	6,297	12,376
46 TRAVELERS COMPANIES INC	6,175	7,196
1100 JANUS HENDERSON GP	26,840	46,134
100 JANUS HENDERSON FORTY T	9,984	10,506
100 JANUS GROWTH AND INCOME T	6,528	7,865
150 JANUS HENDERSON VENTURE T	15,615	14,378
380 ALLY FINANCIAL INC	7,934	18,092
80 ARISTA NETWORKS INC	4,408	11,500
160 BRIGHTHOUSE FINL INC	4,738	8,288
245 CANADIAN SOLAR INC	4,717	7,666
180 CARDINAL HEALTH INC
360 CORCEPT THERAPEUTICS INC	5,351	7,128
87 GENERAL DYNAMICS CORP	13,066	18,137
465 HANESBRANDS INC
100 INGREDION INC	8,837	9,664
337 KONTOOR BRANDS INC	6,737	17,271
145 KROGER CO
234 MASCO CORP	12,151	16,431
56 MATCH GROUP INC	4,702	7,406
225 MERITOR INC
65 MIDDLEBY CORP	4,293	12,789
190 MORGAN STANLEY	12,157	18,650
503 PILGRIMS PRIDE CORP	8,122	14,185
185 PVH CORPORATION
119 SLEEP NUMBER CORPORATION
98 SOUTHWEST GAS HOLDINGS INC	6,545	6,865
264 SYNCHRONY FINANCIAL	6,127	12,247
232 TEREX CORP	3,375	10,196
369 THE CHEMOURS COMPANY LLC	6,689	12,384
47 VMWARE INC
72 WORKDAY INC	13,136	19,669
112 ZILLOW GROUP INC
200 TWITTER INC	2,805	8,644
132 VMWARE INC	3,997	15,296
50 ORION OFFICE REIT INC	1,031	933
22 ADOBE INC	10,875	12,475

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

THE LU FOUNDATION

EIN:

20-4664674

Software ID:

21013475

Software Version:

2021v4.0

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
350 JANUS HENDERSON GLOBAL LIFE	FMV	22,394	24,101
7100 JANUS HENDERSON GLOBAL TECH	FMV	192,481	382,974
1000 ISHARES SILVER TRUST	FMV	14,338	21,510
200 ISHARES TIPS BOND ETF	FMV	19,942	25,840
150 ISHARES IBOXX HIGH YIELD	FMV
12 PROSHS ULTRASHORT QQQ NEW	FMV
100 SPDR S&P 500 ETF	FMV	10,233	47,496
122.5985 SCHWAB US TIPS ETF	FMV	6,392	7,710
430 SPDR GOLD SHARES	FMV	38,788	73,513
2998 BLUEROCK RESIDENTIAL GROWTH REIT	FMV	28,873	79,117
650 TAIWAN SEMINCONDUCTOR ADR	FMV	18,648	78,202
340 INVESCO QQQ TRUST	FMV	34,121	135,269
100 SPDR S&P SEMICONDUCTOR ETF	FMV	6,141	24,315

- TIN:

TY 2021 OtherExpensesSchedule

Name:

THE LU FOUNDATION

EIN:

20-4664674

Software ID:

21013475

Software Version:

2021v4.0

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income
AIRFARE & TRAVEL	748	748	748
DOMAIN & EMAIL RENEWAL	188	188	188
DUES & SUBSCRIPTIONS	436	436	436
INVESTMENT FEES	13,584	13,584	13,584
PHONE/CONFERENCING	396	396	396
PO BOX RENTAL	216	216	216
POSTAGE	60	60	60
SOS FILING FEE	10	10	10

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

THE LU FOUNDATION

EIN:

20-4664674

Software ID:

21013475

Software Version:

2021v4.0

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Other Investment Income	3,940

- TIN:

TY 2021 TaxesSchedule

Name:

THE LU FOUNDATION

EIN:

20-4664674

Software ID:

21013475

Software Version:

2021v4.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX	322	322	322