Form990-PF
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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 JAFFE FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)CO JAFFE FAMILY OFFICE PO BOX 535
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
VALLEY COTTAGE, NY10989
A Employer identification number

22-2827692
B Telephone number (see instructions)

(551) 777-6803
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$66,637,091J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 90,056 90,056  
4 Dividends and interest from securities... 1,020,249 1,020,249  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,014,960
b Gross sales price for all assets on line 6a 17,836,736
7 Capital gain net income (from Part IV, line 2)... 4,014,960
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 996,076 903,067 0
12 Total. Add lines 1 through 11........ 6,121,341 6,028,332 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 41,622 9,210 0 32,248
b Accounting fees (attach schedule)....... Click to see attachment 105,625 42,250 0 52,813
c Other professional fees (attach schedule).... Click to see attachment 486,278 367,085 0 88,208
17 Interest............... 43,551 34,349 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 89,927 13,083 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 40,754 4,075 0 36,678
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 344,469 320,882 0 4,628
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,152,226 790,934 0 214,575
25 Contributions, gifts, grants paid....... 2,940,343 2,940,343
26 Total expenses and disbursements. Add lines 24 and 25 4,092,569 790,934 0 3,154,918
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,028,772
b Net investment income (if negative, enter -0-) 5,237,398
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets 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............. 6,507,451 2,600,372 2,600,372
2 Savings and temporary cash investments.........   330,443 330,443
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) 1,548,835 Click to see attachment1,083,673 1,083,673
b Investments—corporate stock (attach schedule)....... 34,013,662 Click to see attachment39,654,647 39,654,647
c Investments—corporate bonds (attach schedule)....... 10,270,071 Click to see attachment8,384,989 8,384,989
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,013,054 Click to see attachment10,182,967 10,182,967
14 Land, buildings, and equipment: basis bullet4,400,000
Less: accumulated depreciation (attach schedule) bullet   4,500,000 4,400,000 4,400,000
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 66,853,073 66,637,091 66,637,091
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 66,853,073 66,637,091
29 Total net assets or fund balances (see instructions)..... 66,853,073 66,637,091
30 Total liabilities and net assets/fund balances (see instructions). 66,853,073 66,637,091
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
66,853,073
2
Enter amount from Part I, line 27a .....................
2
2,028,772
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
68,881,845
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,244,754
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
66,637,091
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 CAPITAL GAIN DISTRIBUTIONS P    
b ST GAIN FROM SALE OF PUBLICLY TRADED SECURITIES P    
c ST LOSS FROM LP INVESTMENTS P    
d LT GAIN FROM SALE OF PUBLICLY TRADED SECURITIES P    
e LT GAIN FROM LP INVESTMENTS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 199,435 0   199,435
b 10,219,038 0 10,092,806 126,232
c       -383,615
d 6,149,781 0 3,345,355 2,804,426
e 1,268,482 0   1,268,482
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       199,435
b       126,232
c       -383,615
d       2,804,426
e       1,268,482
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 4,014,960
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 -257,383
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 72,800
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 72,800
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 59,279
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 84,279
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 11,479
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet11,479 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 ofbulletREBECA GONTARYK Telephone no.bullet (551) 777-6803

    Located atbullet933 MACARTHUR BOULEVARDMAHWAHNJ ZIP+4bullet07430
    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)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    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)
    Yes
     
    (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
    Yes
     
    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
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    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
    RICHARD JAFFE VICE-PRESIDENT
    1.00     		0 0 0
    933 MACARTHUR BLVD
    MAHWAH,NJ07430
    ELLIOT JAFFE PRESIDENT
    1.00     		0 0 0
    933 MACARTHUR BLVD
    MAHWAH,NJ07430
    ELISE JAFFE VICE-PRESIDENT
    1.00     		0 0 0
    933 MACARTHUR BLVD
    MAHWAH,NJ07430
    DAVID JAFFE VICE-PRESIDENT
    1.00     		0 0 0
    933 MACARTHUR BLVD
    MAHWAH,NJ07430
    ROSLYN JAFFE VP, SECRETARY, TREASURER
    1.00     		0 0 0
    933 MACARTHUR BLVD
    MAHWAH,NJ07430
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    53,505,154
    b
    Average of monthly cash balances.......................
    1b
    6,906,155
    c
    Fair market value of all other assets (see instructions)................
    1c
    6,650,323
    d
    Total (add lines 1a, b, and c).........................
    1d
    67,061,632
    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
    67,061,632
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,005,924
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    66,055,708
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,302,785
    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
    3,302,785
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    72,800
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    72,800
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,229,985
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,229,985
    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
    3,229,985
    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 3,229,985
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 1,596,484
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,154,918
    a Applied to 2020, but not more than line 2a 1,596,484
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		Click to see attachment1,000
    d Applied to 2021 distributable amount..... 1,557,434
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,000
    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 ..........     		1,672,551
    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) .......     		1,000
    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).)
    ELLIOT JAFFE
    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 SUPPORT CHARITABLE PURPOSE 5,000
    AMERICAN MUSEUM OF NATURAL HISTORY
    79TH CENTRAL PARK W
    NEW YORK,NY10024     		N/A PC SUPPORT CHARITABLE PURPOSE 425,000
    AMERICAN SCHOOL FOR THE DEAF
    139 NORTH MAIN STREET
    WEST HARTFORD,CT06107     		N/A PC SUPPORT CHARITABLE PURPOSE 500
    AMNESTY INTERNATIONAL
    777 UNITED NATIONS PLAZA 601
    NEW YORK,NY10017     		N/A PC SUPPORT CHARITABLE PURPOSE 1,500
    ANYONE CORPORATION
    41 W 25TH ST 11TH FL
    NEW YORK,NY10010     		N/A PC SUPPORT CHARITABLE PURPOSE 10,000
    ARCHITECTURAL LEAGUE
    594 BROADWAY SUITE 607
    NEW YORK,NY10012     		N/A PC SUPPORT CHARITABLE PURPOSE 147,240
    ASHOKA
    1700 N MOORE ST STE 2000
    ARLINGTON,VA22209     		N/A PC SUPPORT CHARITABLE PURPOSE 100,000
    ATLANTIC CENTER FOR THE ARTS
    1414 ART CENTER AVE
    NEW SMYNA BEACH,FL32168     		N/A PC SUPPORT CHARITABLE PURPOSE 1,000
    AUBIN PICTURES
    138 GRAND STREET
    NEW YORK,NY10013     		N/A PC SUPPORT CHARITABLE PURPOSE 5,000
    BANG ON A CAN
    80 HANSON PL STE 301
    BROOKLYN,NY11217     		N/A PC SUPPORT CHARITABLE PURPOSE 15,000
    BANTAM CINEMA & ARTS CENTER
    115 BANTAM LAKE ROAD
    BANTAM,CT06750     		N/A PC SUPPORT CHARITABLE PURPOSE 500
    BARD GRADUATE CENTER
    18 WEST 86TH ST
    NEW YORK,NY10024     		N/A PC SUPPORT CHARITABLE PURPOSE 1,000
    BELMONT CHAPEL
    30 WARNER STREET
    NEWPORT,RI02840     		N/A PC SUPPORT CHARITABLE PURPOSE 15,000
    BIG BROTHERS BIG SISTERS
    2502 NORTH ROCKY POINT DRIVE SUITE
    550
    TAMPA,FL33607     		N/A PC SUPPORT CHARITABLE PURPOSE 3,000
    BRIDGE FUND OF NEW YORK
    271 MADISON AVE 907
    NEW YORK,NY10016     		N/A PC SUPPORT CHARITABLE PURPOSE 25,000
    BROADWAY MALL ASSOCATION
    2095 BROADWAY SUITE 403
    NEW YORK,NY10023     		N/A PC SUPPORT CHARITABLE PURPOSE 515
    CAPE USA
    360 E 2ND STREET SUITE 800
    LOS ANGELES,CA90012     		N/A PC SUPPORT CHARITABLE PURPOSE 535
    CARAMOOR CENTER OF MUSIC & ARTS
    149 GIRDLE RIDGE ROAD PO BOX 816
    KATONAH,NY10536     		N/A PC SUPPORT CHARITABLE PURPOSE 1,000
    CARVER CENTER
    400 WESTCHESTER AVE
    PORT CHESTER,NY10573     		N/A PC SUPPORT CHARITABLE PURPOSE 750
    CENTRAL PARK CONSERVANCY
    14 EAST 60TH STREET
    NEW YORK,NY10022     		N/A PC SUPPORT CHARITABLE PURPOSE 5,000
    CHURCH OF HEAVENLY REST
    1085 5TH AVE
    NEW YORK,NY10128     		N/A PC SUPPORT CHARITABLE PURPOSE 1,500
    CLIMATE CHANGE FOR ALL EDUCATORS INC
    59 SUMMERSWEET LANE
    NEW CANAAN,CT06840     		N/A PC SUPPORT CHARITABLE PURPOSE 400,000
    CLIMATE EMERGENCY FUND
    C/O MANAGEMENT GROUP 8383 WILSHIRE
    BLVD 400
    BEVERLY HILLS,CA90211     		N/A PC SUPPORT CHARITABLE PURPOSE 1,064
    CLINIC OLE
    911 WASHINGTON ST
    CALISTOGA,CA94515     		N/A PC SUPPORT CHARITABLE PURPOSE 1,000
    COLONIAL DAMES OF AMERICA
    DUMBARTON HOUSE 2715 Q ST NW
    WASHINGTON,DC20007     		N/A PC SUPPORT CHARITABLE PURPOSE 2,000
    COLUMBIA BABIES CARDIAC
    1790 BROADWAY
    NEW YORK,NY10019     		N/A PC SUPPORT CHARITABLE PURPOSE 2,500
    COLUMBIA UNIVERSITY GSAPP
    3022 BROADWAY
    NEW YORK,NY10027     		N/A PC SUPPORT CHARITABLE PURPOSE 20,000
    COLUMBIA UNIVERSITY
    622 W 113 ST MAIL CODE 4524
    NEW YORK,NY10025     		N/A PC SUPPORT CHARITABLE PURPOSE 15,000
    COOPER UNION
    30 COOPER SQUARE 8TH FLOOR
    NEW YORK,VA10003     		N/A PC SUPPORT CHARITABLE PURPOSE 86,000
    COVENANT HOUSE
    550 10TH AVENUE
    NEW YORK,NY10018     		N/A PC SUPPORT CHARITABLE PURPOSE 500
    DOCTORS WITHOUT BORDERS
    333 SEVENTH AVE 2ND FLOOR
    NEW YORK,NY10001     		N/A PC SUPPORT CHARITABLE PURPOSE 5,000
    DOE FUND
    232 EAST 84TH STREET
    NEW YORK,NY10001     		N/A PC SUPPORT CHARITABLE PURPOSE 606
    DONORS CHOOSE
    134 W 37TH ST
    NEW YORK,NY10018     		N/A PC SUPPORT CHARITABLE PURPOSE 1,934
    EB OMWARD VOTES FOR WOMEN- BOSTON PUBLIC LIBRARY
    700 BOYLSTON STREET
    BOSTON,MA02116     		N/A PC SUPPORT CHARITABLE PURPOSE 100
    EDIBLE SCHOOLYARD NYC
    55 WASHINGTON STREET 257
    BROOKLYN,NY11201     		N/A PC SUPPORT CHARITABLE PURPOSE 18,000
    EDIBLE SCHOOLYARD PROJECT
    1517 SHATTUCK AVENUE
    BERKELEY,CA94709     		N/A PC SUPPORT CHARITABLE PURPOSE 10,000
    EWHA WOMEN'S UNIVERSITY
    475 RIVERSIDE DR
    NEW YORK,NY10115     		N/A PC SUPPORT CHARITABLE PURPOSE 5,000
    FAMILY RE-ENTRY
    9 MOTT AVE STE 104
    NORWALK,CT06580     		N/A PC SUPPORT CHARITABLE PURPOSE 250
    FARE
    7923 JONES BRANCH DR SUITE 1100
    MCLEAN,VA22099     		N/A PC SUPPORT CHARITABLE PURPOSE 200,000
    FILM FORUM
    209 WEST HOUSTON STREET
    NEW YORK,NY10014     		N/A PC SUPPORT CHARITABLE PURPOSE 250
    FOOD FOR PRESTON
    PO BOX 1175
    KINGWOOD,WV26537     		N/A PC SUPPORT CHARITABLE PURPOSE 230
    FOOD FOR THE NEEDY
    C/O ERNEST BOGEN 5055 COLLINS AVE
    MIAMI BEACH,FL33140     		N/A PC SUPPORT CHARITABLE PURPOSE 10,000
    FREEDOM OF CHOICE
    1819 PEACHTREE ROAD NE SUITE 300
    ATLANTA,GA30309     		N/A PC SUPPORT CHARITABLE PURPOSE 3,000
    FRESH AIR FUND
    633 THIRD AVENUE
    NEW YORK,NY10017     		N/A PC SUPPORT CHARITABLE PURPOSE 3,500
    FRIENDS OF PORT WASHINGTON LIBRARY
    ONE LIBRARY DRIVE
    PORT WASHINGTON,NY11050     		N/A PC SUPPORT CHARITABLE PURPOSE 10,000
    FUND TEXAS CHOICE
    3005 S LAMAR BLVD SUITE D109 BOX
    111
    AUSTIN,TX78704     		N/A PC SUPPORT CHARITABLE PURPOSE 1,000
    GIVE DIRECTLY
    PO BOX 3221
    NEW YORK,NY10008     		N/A PC SUPPORT CHARITABLE PURPOSE 3,650
    GREY ROOM
    PO BOX 250834
    NEW YORK,NY10025     		N/A PC SUPPORT CHARITABLE PURPOSE 6,000
    GUNN MEMORIAL LIBRARY & MUSEUM
    5 WYKEHAM ROAD
    WASHINGTON,CT06793     		N/A PC SUPPORT CHARITABLE PURPOSE 250
    HARLEM ACADEMY
    655 SAINT NICHOLAS AVE
    NEW YORK,NY10030     		N/A PC SUPPORT CHARITABLE PURPOSE 250
    HARLEM CHILDRENS ZONE
    35 EAST 125TH STREET
    NEW YORK,NY10035     		N/A PC SUPPORT CHARITABLE PURPOSE 20,000
    HARVARD ARNOLD ARBORETUM
    125 ARBORWAY
    BOSTON,MA02139     		N/A PC SUPPORT CHARITABLE PURPOSE 250
    HARVARD GRADUATE SCHOOL OF DESIGN
    48 QUINCY ST
    CAMBRIDGE,MA02138     		N/A PC SUPPORT CHARITABLE PURPOSE 10,000
    HARVARD UNIVERSITY
    14 STORY ST 100
    CAMBRIDGE,MA02138     		N/A PC SUPPORT CHARITABLE PURPOSE 10,000
    HOLLYWOOD FOOD COALIATION
    5939 HOLLYWOOD BLVD
    LOS ANGELES,CA90028     		N/A PC SUPPORT CHARITABLE PURPOSE 1,545
    HOLY APOSTLE SOUP KITCHEN
    296 9TH AVE
    NEW YORK,NY10001     		N/A PC SUPPORT CHARITABLE PURPOSE 1,050
    HORIZONS NATIONAL
    120 POST ROAD W 202
    WESTPORT,CT06880     		N/A PC SUPPORT CHARITABLE PURPOSE 1,000
    HUDSON LINK FOR HIGHER EDUCATION
    23 STATE STREET
    OSSINING,NY10562     		N/A PC SUPPORT CHARITABLE PURPOSE 256
    HUGS FOR USA
    PO BOX 1754
    NEW YORK,NY10101     		N/A PC SUPPORT CHARITABLE PURPOSE 500
    ICAHN SCHOOL OF MEDACINE MT SINAI
    GUSTAVE L LEVY PLACE BOX 1049
    NEW YORK,NY10029     		N/A PC SUPPORT CHARITABLE PURPOSE 100,000
    ICSC FOUNDATION
    1251 AVENUE OF AMERICAS
    NEW YORK,NY10020     		N/A PC SUPPORT CHARITABLE PURPOSE 50,000
    INDEPENDENT RESTAURANT COALITION INC
    147 WEST 40TH STREET
    NEW YORK,NY10018     		N/A 501(C)(6) SUPPORT CHARITABLE PURPOSE 500
    INTERNATIONAL RESCUE COMMITTEE
    122 E 42ND ST
    NEW YORK,NY10168     		N/A PC SUPPORT CHARITABLE PURPOSE 1,000
    JAZZ AT LINCOLN CENTER
    10 COLUMBUS CIR
    NEW YORK,NY10023     		N/A PC SUPPORT CHARITABLE PURPOSE 110,000
    JULLIARD SCHOOL OF MUSIC
    60 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		N/A PC SUPPORT CHARITABLE PURPOSE 1,000
    KAIROS ACADEMY - GIVING FUND
    2315 MIAMI STREET
    ST LOUIS,MO63118     		N/A PC SUPPORT CHARITABLE PURPOSE 2,000
    KHAN ACADEMY
    PO BOX 1639
    MOUNTAIN VIEW,CA94042     		N/A PC SUPPORT CHARITABLE PURPOSE 256
    KING BUDOUIN
    10 ROCKEFELLER PLAZA
    NEW YORK,NY10020     		N/A PC SUPPORT CHARITABLE PURPOSE 20,000
    KIPPS ACADEMY
    1501 BROADWAY AVENUE SUITE 1000
    NEW YORK,NY10036     		N/A PC SUPPORT CHARITABLE PURPOSE 2,000
    KOUNKUEY DESIGN
    309 EAST 8TH STREET 205
    LOS ANGELES,CA90014     		N/A PC SUPPORT CHARITABLE PURPOSE 25,000
    LANDMARK WEST
    45 WEST 67TH STREET 1
    NEW YORK,NY10023     		N/A PC SUPPORT CHARITABLE PURPOSE 100
    LEADING CHANGE NETWORK
    30 BOW STREET
    CAMBRIDGE,MA02138     		N/A PC SUPPORT CHARITABLE PURPOSE 100
    LETS GET READY
    50 BROADWAY
    NEW YORK,NY10004     		N/A PC SUPPORT CHARITABLE PURPOSE 500
    LOS ANGELES HOUSE OF RUTH
    PO BOX 33288
    LOS ANGELES,CA90033     		N/A PC SUPPORT CHARITABLE PURPOSE 1,500
    MEMORIAL SLOAN KETTERING CANCER CTR
    PO BOX 5028
    HAGERSTOWN,MD21741     		N/A PC SUPPORT CHARITABLE PURPOSE 2,000
    MISHKAN ISRAEL DAY CAMP
    785 RIDGE RD
    HAMDEN,CT06517     		N/A PC SUPPORT CHARITABLE PURPOSE 700
    MUSEUM OF MODERN ART
    11 WEST 53 STREET
    NEW YORK,NY10019     		N/A PC SUPPORT CHARITABLE PURPOSE 26,000
    MYSTIC SEAPORT MUSEUM
    75 GREENMANVILLE AVE
    MYSTIC,CT06355     		N/A PC SUPPORT CHARITABLE PURPOSE 3,000
    NATIONAL AUDUBON SOCIETY
    225 VARICK STREET
    NEW YORK,NY06355     		N/A PC SUPPORT CHARITABLE PURPOSE 500
    NATURE CONSERVANCY OF FLORIDA
    1035 S SEMORAN BLVD SUITE 2-1021B
    WINTER PARK,FL32792     		N/A PC SUPPORT CHARITABLE PURPOSE 515
    NETHERLAND AMERICA FOUNDATION
    505 8TH AVENUE SUITE 12A-05
    NEW YORK,NY10018     		N/A PC SUPPORT CHARITABLE PURPOSE 30,000
    NEW CANAAN FOUNDATION
    111 CHERRY STREET
    NEW CANAAN,CT06840     		N/A PC SUPPORT CHARITABLE PURPOSE 500
    NEW CANAAN PUBLIC LIBARAY
    151 MAIN STREET
    NEW CANAAN,CT06840     		N/A PC SUPPORT CHARITABLE PURPOSE 8,000
    NEW CANAAN YMCA
    564 SOUTH AVENUE
    NEW CANAAN,CT06840     		N/A PC SUPPORT CHARITABLE PURPOSE 500
    NEW PROFIT INC
    99 BEDFORD STREET SUITE 500
    BOSTON,MA02111     		N/A PC SUPPORT CHARITABLE PURPOSE 25,000
    NEW YORK LANDMARKS CONSERVANCY
    ONE WHITEHALL STREET 21ST FLOOR
    NEW YORK,NY10004     		N/A PC SUPPORT CHARITABLE PURPOSE 100
    NEW YORK PUBLIC LIBRARY
    476 FIFTH AVENUE
    NEW YORK,NY10018     		N/A PC SUPPORT CHARITABLE PURPOSE 525
    NEW YORK YACHT CLUB FOUNDATION
    37 WEST 44TH STREET
    NEW YORK,NY10036     		N/A PC SUPPORT CHARITABLE PURPOSE 500
    OVERFOOT INC
    455 FDR DRIVE SUITE B902
    NEW YORK,NY10002     		N/A PC SUPPORT CHARITABLE PURPOSE 500
    OXFAM
    266 CAUSEWAY STREET 5TH FL
    BOSTON,MA02114     		N/A PC SUPPORT CHARITABLE PURPOSE 5,000
    PAN MASS CHALLENGE
    77 4TH AVE
    NEEDHAM,MA02494     		N/A PC SUPPORT CHARITABLE PURPOSE 1,025
    PARSONS DANCE FOUNDATION
    229 WEST 42ND STREET SUITE 8
    NEW YORK,NY10036     		N/A PC SUPPORT CHARITABLE PURPOSE 500
    PARTNERS IN HEALTH
    800 BOYLSTON STREET SUITE 1400
    BOSTON,MA02199     		N/A PC SUPPORT CHARITABLE PURPOSE 10,000
    PAUL TAYLOR DANCE FOUNDATION
    551 GRAND STREET
    NEW YORK,NY10002     		N/A PC SUPPORT CHARITABLE PURPOSE 50,000
    PENN CINEMA STUDIES
    209A FISHER-BENNETT HALL 3340
    WALNUT ST
    PHILADELPHIA,PA19104     		N/A PC SUPPORT CHARITABLE PURPOSE 2,500
    PENNQUEST
    200 SPRUCE STREET
    PHILADELPHIA,PA19104     		N/A PC SUPPORT CHARITABLE PURPOSE 1,000
    PERFORMA INC
    100 WEST 23RD STREET
    NEW YORK,NY10011     		N/A PC SUPPORT CHARITABLE PURPOSE 10,000
    PILOBOLUS
    6 KIRBY ROAD - PO BOX 388
    WASHINGTON,CT06793     		N/A PC SUPPORT CHARITABLE PURPOSE 750
    PROVINCETOWN ART ASSOC
    460 COMMERCAL STREET
    PROVINCETOWN,MA02657     		N/A PC SUPPORT CHARITABLE PURPOSE 250
    READ AHEAD
    50 BROAD ST 1720
    NEW YORK,NY10004     		N/A PC SUPPORT CHARITABLE PURPOSE 1,230
    RISE JUSTICE LABS
    PO BOX 90048
    WASHINGTON,DC20090     		N/A PC SUPPORT CHARITABLE PURPOSE 2,350
    RIVERDALE MENTAL HEALTH ASSOC
    72 FORT ADAMS DR
    NEWPORT,RI02840     		N/A PC SUPPORT CHARITABLE PURPOSE 250
    SAIL NEWPORT
    60 FORT ADAMS DRIVE
    NEWPORT,RI02840     		N/A PC SUPPORT CHARITABLE PURPOSE 10,500
    SALVATION ARMY
    440 WEST NYACK ROAD
    WEST NYACK,NY10994     		N/A PC SUPPORT CHARITABLE PURPOSE 260
    SCI-ARC
    960 EAST 3RD STREET
    LOS ANGELES,CA90013     		N/A PC SUPPORT CHARITABLE PURPOSE 5,000
    SHAKESPEARSE PRODUCATIONS THE PUBLIC THEATER
    425 LAFAYETTE STREET
    NEW YORK,NY10003     		N/A PC SUPPORT CHARITABLE PURPOSE 250
    SKYSCRAPER MUSEUM
    39 BATTERY PL
    NEW YORK,NY10280     		N/A PC SUPPORT CHARITABLE PURPOSE 5,000
    STAMFORD HOSPITAL FOUNDATION
    1351 WASHINGTON BLVD STE 202
    STAMFORD,CT06902     		N/A PC SUPPORT CHARITABLE PURPOSE 20,000
    STANFORD GRADUATE SCHOOL OF BUSINESS
    655 KNIGHT WAY
    STANFORD,CA94305     		N/A PC SUPPORT CHARITABLE PURPOSE 10,000
    STEEP ROCK ASSOCIATION
    PO BOX 279 WASHINGTON DT
    WASHINGTON DT,CT06794     		N/A PC SUPPORT CHARITABLE PURPOSE 206
    STEM TEACHERS NYC
    245 WEST 107TH ST 10B
    NEW YORK,NY10025     		N/A PC SUPPORT CHARITABLE PURPOSE 25,000
    STEVEN MYRON HOLL FOUNDATION
    450 WEST 31ST STREET 11TH FLOOR
    NEW YORK,NY10001     		N/A POF SUPPORT CHARITABLE PURPOSE 15,250
    SUCCES ACADEMY CHARTER SCHOOLS
    95 PINE STREET 6TH FLOOR
    NEW YORK,NY10005     		N/A PC SUPPORT CHARITABLE PURPOSE 2,000
    SURFRIDER FOUNDATION
    PO BOX 73550
    SAN CLEMENTE,CA92673     		N/A PC SUPPORT CHARITABLE PURPOSE 100
    SWEET WATER FOUNDATON
    3455 HILLCREST ST
    REDDING,CA96001     		N/A PF SUPPORT CHARITABLE PURPOSE 1,000
    TEACHERS COLLEGE
    525 W 120TH STREET
    NEW YORK,NY10027     		N/A PC SUPPORT CHARITABLE PURPOSE 50,000
    THE COMMONS
    157 EAST 86TH STREET 5TH FLOOR
    NEW YORK,NY10028     		N/A PC SUPPORT CHARITABLE PURPOSE 258
    THE NATURE CONSERVANCY
    4245 NORTH FAIRFAX DRIVE SUITE 100
    ARLINGTON,VA222031606     		N/A PC SUPPORT CHARITABLE PURPOSE 143,000
    THE UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52242     		N/A PC SUPPORT CHARITABLE PURPOSE 500
    THIRTEENWNET
    825 EIGHT AVENUE
    NEW YORK,NY10019     		N/A PC SUPPORT CHARITABLE PURPOSE 30,000
    TOMORROW'S CHILDREN'S FUND
    30 PROSPECT AVENUE
    HACKENSACK,NJ07601     		N/A PC SUPPORT CHARITABLE PURPOSE 1,000
    TUFTS UNIVERSITY
    419 BOSTON AVE
    MEDFORD,MA02155     		N/A PC SUPPORT CHARITABLE PURPOSE 2,000
    UNICEF
    125 MAIDEN LANE
    NEW YORK,NY10038     		N/A PC SUPPORT CHARITABLE PURPOSE 523
    UNITED JEWISH FEDERATION
    130 EAST 59TH STREET
    NEW YORK,NY10022     		N/A PC SUPPORT CHARITABLE PURPOSE 25,000
    UNIVERSITY OF PENNSYLVANIA
    2929 WALNUT ST SUITE 300
    PHILADELPHIA,PA19104     		N/A PC SUPPORT CHARITABLE PURPOSE 208,000
    VISION SPRING INC
    505 8TH AVE 12A07
    NEW YORK,NY10018     		N/A PC SUPPORT CHARITABLE PURPOSE 500
    WASHINGTON SCHOLARSHIP FUND
    PO BOX 243
    WASHINGTON DEPOT,CT06794     		N/A PC SUPPORT CHARITABLE PURPOSE 1,000
    WE CARE SOLAR
    2150 ALLSTON WAY SUITE 340
    BERKELEY,CA94704     		N/A PC SUPPORT CHARITABLE PURPOSE 2,000
    WESTCHESTER LAND TRUST
    11 BABBITT ROAD BEDFORD HILLS
    BEDFORD HILLS,NY10507     		N/A PC SUPPORT CHARITABLE PURPOSE 500
    WGBH
    ONE GUEST STREET
    BOSTON,MA02135     		N/A PC SUPPORT CHARITABLE PURPOSE 162,500
    WHOLE WOMAN'S HEALTH ALLIANCE
    1001 E MARKET STREET SUITE 200
    CHARLOTTESVILLE,VA22902     		N/A PC SUPPORT CHARITABLE PURPOSE 1,000
    WILDLIFE CONSERVATION SOCIETY
    2300 SOUTHER BOULEVARD
    BRONX,NY10460     		N/A PC SUPPORT CHARITABLE PURPOSE 5,000
    WSHU RADIO
    5151 PARK AVENUE
    FAIRFIELD,CT06825     		N/A PC SUPPORT CHARITABLE PURPOSE 120
    YALE UNIVERSITY SCHOOL OF ARCHITECTURE
    180 YORK STREET
    NEW HAVEN,CT06511     		N/A PC SUPPORT CHARITABLE PURPOSE 100,000
    Total .................................bullet 3a 2,940,343
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 90,056  
    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 ............     		523000 37,093 18 3,977,867  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPFIC INCOME     		    01 754,746 0
    bNONDIVEND DISTRIBUTIONS     01 107,187 0
    cINCOME (LOSS) FROM PASS THROUGH ENTITIES   -51,271 01 185,414  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. -14,178 6,135,516 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,121,338
    (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)
    Yes
     
    (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
    1a(1) 500 INDEPENDENT RESTAURANT COALITION INC GRANT MADE TO SUPPORT CHARITABLE PURPOSE
    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 JAFFE FAMILY FOUNDATION
    EIN:
    22-2827692
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BOOKKEEPING/TAX PREPARATION 105,625 42,250 0 52,813

    TY 2021 DistributionFromCorpusElection
    Name:
    THE JAFFE FAMILY FOUNDATION
    EIN:
    22-2827692
    Election:
    ELECTION UNDER REGULATION 53.4942(A)-3(E)(2) QUALIFYING DISTRIBUTIONS TREATED AS DISTRIBUTIONS OUT OF CORPUS.THE JAFFE FAMILY FOUNDATION, ELECTS PURSUANT TO REGULATION 53.4942(A)-3(E)(2) TO TREAT DISTRIBUTIONS OUT OF CORPUS IN ORDER TO SATISFY THE DISTRIBUTION REQUIREMENTS OF IRC 4942(G)(3) FOR THE CURRENT TAX YEAR ENDED DECEMBER 31, 2021.THE FOUNDATION MANAGER DECLARES BELOW THAT THE FOUNDATION IS MAKING THIS ELECTION UNDER REGULATION 53.4942(A)-3(E)(2) AND THE CURRENT YEAR DISTRIUBTION WAS TREATED UNDER REGULATION 53.4942(A)-3(E)(2) AS A DISTRIBUTION OUT OF CORPUS AS FOLLOWS:DISTRIBUTIONS AMOUNTCURRENT YEAR DISTRIBUTION FROM CORPUS 1,000

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    THE JAFFE FAMILY FOUNDATION
    EIN:
    22-2827692
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    STEVEN MYRON HOLL FOUNDATION
          		450 WEST 31ST STREET 11TH FLOOR
    NEW YORK,NY10001     		2021-09-24 15,250 SUPPORT CHARITABLE PURPOSE 20,000 NO ANNUALLY 2022-11-15 FROM THE $30,000 GRANT IN 2020, $10,000 OF THE GRANT WAS EXPENDED FOR CHARITABLE PURPOSES IN 2020. THE REMAINING $20,000 WAS SPENT IN 2021 FOR CHARITABLE PURPOSES. THE $15,250 GRANT IN 2021 WILL BE SPENT IN 2022 FOR CHARITABLE PURPOSES.
    SWEET WATER FOUNDATION
          		3455 HILLCREST ST
    REDDING,CA96001     		2021-12-22 1,000 SUPPORT CHARITABLE PURPOSE 1,000 NO ANNUALLY 2022-11-15 GRANT WAS FULLY EXPENDED FOR CHARITABLE PURPOSES.
    INDEPENDENT RESTAURANT COALITION INC
          		147 WEST 40TH STREET
    NEW YORK,NY10018     		2022-11-15 500 SUPPORT CHARITABLE PURPOSE 500 NO ANNUALLY 2022-11-15 GRANT WAS FULLY EXPENDED FOR CHARITABLE PURPOSES.

    TY 2021 GeneralExplanationAttachment
    Name:
    THE JAFFE FAMILY FOUNDATION
    EIN:
    22-2827692
    Identifier Return Reference Explanation
    BALANCE SHEET ADJUSTMENT FORM 990-PF, PART II THE JAFFE FAMILY FOUNDATION RESTATED IT'S BEGINNING YEAR BALANCES TO ACCOUNT FOR THE ADJUSTMENT IN THEIR NET ASSETS AND RESTATING ACCOUNTS TO FAIR MARKET VALUE.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE JAFFE FAMILY FOUNDATION
    EIN:
    22-2827692
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 8,384,989 8,384,989

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE JAFFE FAMILY FOUNDATION
    EIN:
    22-2827692
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITY SECURITIES 39,654,647 39,654,647

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE JAFFE FAMILY FOUNDATION
    EIN:
    22-2827692
    US Government Securities - End of Year Book Value:

    1,083,673
    US Government Securities - End of Year Fair Market Value:

    1,083,673
    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 JAFFE FAMILY FOUNDATION
    EIN:
    22-2827692
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALTERNATIVE INVESTMENTS FMV 7,298,527 7,298,527
    PARTNERSHIP INVESTMENTS FMV 2,884,440 2,884,440

    TY 2021 LegalFeesSchedule
    Name:
    THE JAFFE FAMILY FOUNDATION
    EIN:
    22-2827692
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOUNDATION OPERATION QUESTIONS 41,622 9,210 0 32,248


    TY 2021 OtherDecreasesSchedule
    Name:
    THE JAFFE FAMILY FOUNDATION
    EIN:
    22-2827692
    Description Amount
    UNREALIZED LOSSES/BOOK ADJUSTMENTS 2,244,754


    TY 2021 OtherExpensesSchedule
    Name:
    THE JAFFE FAMILY FOUNDATION
    EIN:
    22-2827692
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER LP EXPENSES 339,841 320,882 0 0
    INSURANCE EXPENSE 2,112 0 0 2,112
    NYS FILING FEE 1,500 0 0 1,500
    BANK CHARGES 548 0 0 548
    OFFICE EXPENSES 468 0 0 468


    TY 2021 OtherIncomeSchedule2
    Name:
    THE JAFFE FAMILY FOUNDATION
    EIN:
    22-2827692
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PFIC INCOME 754,746 754,746 0
    NONDIVEND DISTRIBUTIONS 107,187 0 0
    INCOME (LOSS) FROM PASS THROUGH ENTITIES 134,143 148,321 0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE JAFFE FAMILY FOUNDATION
    EIN:
    22-2827692
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING AND BOOKKEEPING FEE 176,415 88,208 0 88,208
    INVESTMENT ADVISORY FEE 309,863 278,877 0 0


    TY 2021 TaxesSchedule
    Name:
    THE JAFFE FAMILY FOUNDATION
    EIN:
    22-2827692
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES PAID 72,294 0 0 0
    FOREIGN TAXES PAID 17,633 13,083 0 0