Form990-PF
Click to see attachment
Click to see attachmentClick to see attachment

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 Arnow Family Fund Inc
 
% David Arnow
Number and street (or P.O. box number if mail is not delivered to street address)675 Third Avenue 27th fl
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
New York, NY10017
A Employer identification number

13-3188773
B Telephone number (see instructions)

(212) 869-9700
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$29,896,599J 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) 4,000,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 438,917 438,917  
4 Dividends and interest from securities... 217,803 217,803  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,894,889
b Gross sales price for all assets on line 6a 4,668,138
7 Capital gain net income (from Part IV, line 2)... 1,551,817
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 171,345 161,478  
12 Total. Add lines 1 through 11........ 6,722,954 2,370,015  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 77,312 72,312   5,000
17 Interest............... 20,693      
18 Taxes (attach schedule) (see instructions)... Click to see attachment 46,149 393    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,000     1,000
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 233,101 185,827   42,094
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 378,255 258,532   48,094
25 Contributions, gifts, grants paid....... 2,140,000 2,140,000
26 Total expenses and disbursements. Add lines 24 and 25 2,518,255 258,532   2,188,094
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,204,699
b Net investment income (if negative, enter -0-) 2,111,483
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,956,089 1,482,379 1,482,379
3 Accounts receivable bullet36,479
Less: allowance for doubtful accounts bullet   2,020 36,479 36,479
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) 1,971,105 Click to see attachment5,424,870 5,439,274
b Investments—corporate stock (attach schedule)....... 4,483,475 Click to see attachment4,834,558 7,468,995
c Investments—corporate bonds (attach schedule)....... 2,225,534 Click to see attachment1,904,591 1,908,998
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 9,389,963 Click to see attachment9,450,008 13,560,474
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,028,186 23,132,885 29,896,599
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) Click to see attachment2,545,000 Click to see attachment1,445,000
23 Total liabilities (add lines 17 through 22)......... 2,545,000 1,445,000
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 17,483,186 21,687,885
29 Total net assets or fund balances (see instructions)..... 17,483,186 21,687,885
30 Total liabilities and net assets/fund balances (see instructions). 20,028,186 23,132,885
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
17,483,186
2
Enter amount from Part I, line 27a .....................
2
4,204,699
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
21,687,885
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
21,687,885
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c Sec 751 Gain on Sale of Ptshp Reclass      
d LNSDWNICAV - LANSDOWNE CLEAN ENERGY FUND ICAV P 2017-04-25 2021-01-04
e NRFIIIAIV - PARK STREET CAPITAL NATURAL RESOURCE FD III AIV LP P 2007-12-31 2021-12-10
NYESLCOF - NYES LEDGE CAPITAL OFFSHORE FUND LTD P 2007-08-31 2021-12-01
ROSESMART - ROSE SMART GROWTH INVESTMENT FUND I LP P 2008-11-05 2021-12-31
(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 3,296,287   2,948,957 347,330
b       580,315
c     1 -1
d 150,000   76,590 73,410
e 305   130 175
1,215,963   611,222 604,741
5,583   59,736 -54,153
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       347,330
b        
c       -1
d       73,410
e       175
      604,741
      -54,153
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 1,551,817
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 29,350
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 29,350
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 18,603
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 8,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 27,103
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,247
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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. Click to see attachment...............................
    10
    Yes
     
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletDavid Arnow Telephone no.bullet (212) 869-9700

    Located atbullet675 Third Avenue 27New YorkNY ZIP+4bullet10017
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Benjamin ArnowClick to see attachment VP
    5.0     		0 0 0
    675 Third Avenue 27th fl
    New York,NY10017
    Chloe ArnowClick to see attachment Dir
    5.0     		0 0 0
    675 Third Avenue 27th fl
    New York,NY10017
    David ArnowClick to see attachment Dir, Pres
    5.0     		0 0 0
    675 Third Avenue 27th fl
    New York,NY10017
    Eli ArnowClick to see attachment Dir
    5.0     		0 0 0
    675 Third Avenue 27th fl
    New York,NY10017
    Joshua ArnowClick to see attachment Dir, Sec
    5.0     		0 0 0
    675 Third Avenue 27th fl
    New York,NY10017
    Kathi ArnowClick to see attachment Dir*
    5.0     		0 0 0
    675 Third Avenue 27th fl
    New York,NY10017
    Leslie ArnowClick to see attachment Dir
    1.0     		0 0 0
    675 Third Avenue 27th fl
    New York,NY10017
    Madeleine J ArnowClick to see attachment Dir, Treas
    5.0     		0 0 0
    675 Third Avenue 27th fl
    New York,NY10017
    Peter ArnowClick to see attachment Dir*
    5.0     		0 0 0
    675 Third Avenue 27th fl
    New York,NY10017
    Ruth ArnowClick to see attachment Dir*
    5.0     		0 0 0
    675 Third Avenue 27th fl
    New York,NY10017
    Talia ArnowClick to see attachment Dir
    5.0     		0 0 0
    675 Third Avenue 27th fl
    New York,NY10017
    Elyse Arnow BrillClick to see attachment Dir
    5.0     		0 0 0
    675 Third Avenue 27th fl
    New York,NY10017
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
     
    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)
    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
    11,415,955
    b
    Average of monthly cash balances.......................
    1b
    824,087
    c
    Fair market value of all other assets (see instructions)................
    1c
    14,632,442
    d
    Total (add lines 1a, b, and c).........................
    1d
    26,872,484
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    1,571,493
    3
    Subtract line 2 from line 1d.........................
    3
    25,300,991
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    379,515
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    24,921,476
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,246,074
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    1,246,074
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    29,350
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    61,967
    c
    Add lines 2a and 2b............................
    2c
    91,317
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,154,757
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,154,757
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    1,154,757
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 1,154,757
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:2019, 2018, 2017  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019...... 149,656
    e From 2020...... 2,273,913
    f Total of lines 3a through e ........ 2,423,569
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,188,094
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 1,154,757
    e Remaining amount distributed out of corpus 1,033,337
    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 3,456,906
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    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 ......     		3,456,906
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019.... 149,656
    d Excess from 2020.... 2,273,913
    e Excess from 2021.... 1,033,337
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    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
    CHAMAH
    473 EMPIRE BLVD
    BROOKLYN,NY11225     		N/A PC General & Unrestricted 10,000
    JEWISH COMMUNAL FUND
    575 MADISON AVE STE 703
    NEW YORK,NY10022     		N/A PC Arnow Family Fund 240,000
    JEWISH COMMUNAL FUND
    575 MADISON AVE STE 703
    NEW YORK,NY10022     		N/A PC General & Unrestricted 1,540,000
    JEWISH COMMUNAL FUND
    575 MADISON AVE STE 703
    NEW YORK,NY10022     		N/A PC Arnow Family Fund 50,000
    UNITED JEWISH APPEAL FEDERATION OF JEWISH PHILANTH
    PO BOX 4227
    NEW YORK,NY10261     		N/A PC General & Unrestricted 300,000
    Total .................................bullet 3a 2,140,000
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		    14 438,917  
    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 ............     		525990 343,073 18 1,551,816  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		525990 -1,860 14 162,083  
    bFederal Tax Refund     01 8,038  
    cSec 751 Gain on Sale of Ptshp 525990 1      
    dSTATE TAX REFUND     01 3,550  
    eCLASS ACTION LAWSUIT PROCEEDS     01 32  
    fFOREIGN CURRENCY GAIN/(LOSS)     01 -499  
    12 Subtotal. Add columns (b), (d), and (e) .. 341,214 2,381,740  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,722,954
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    The Arnow Family Fund Inc
     
    Employer identification number

    13-3188773
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    The Arnow Family Fund Inc
          		Employer identification number
    13-3188773
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    RHA Revocable Trust-Estate of RHA
    1114 Avenue of Americas
     
    New York, NY10036

    		$ 4,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    The Arnow Family Fund Inc
          		Employer identification number

    13-3188773
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    The Arnow Family Fund Inc
          		Employer identification number

    13-3188773
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 CompensationExplanation
    Name:
    The Arnow Family Fund Inc
    EIN:
    13-3188773
    Person Name Explanation
    Kathi Arnow * removed from position in 2021
    Peter Arnow * Removed from position in 2021
    Ruth Arnow * Removed from position in 2021

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

    TY 2021 DepreciationSchedule
    Name:
    The Arnow Family Fund Inc
    EIN:
    13-3188773
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2021 GeneralExplanationAttachment
    Name:
    The Arnow Family Fund Inc
    EIN:
    13-3188773
    Identifier Return Reference Explanation
    Form 8865 Form 8865 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
    PART I LINE 6A (990-PF) PART I LINE 6A (990-PF) PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $1,551,817 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $343,073 TOTAL PART I, LINE 6A: $1,894,889 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $3,296,287 BOOK BASIS: $2,948,957 NET GAIN/(LOSS): $347,330 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $580,315 SALES OF OTHER ITEMIZED ASSETS GROSS SALES PRICE: $1,371,851 BOOK BASIS: $747,679 NET GAIN/(LOSS): $624,172 SEC 751 GAIN ON SALE OF PTSHP RECLASS: -1
    Form 8865 Form 8865 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
    Form 990-PF Form 990-PF One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in Part I but not provided sufficient back-up information to allow the Foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    The Arnow Family Fund Inc
    EIN:
    13-3188773
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS BOND - 3.750% - 11 39,610 38,698
    ABBVIE INC - 3.600% - 05/14/20 39,011 37,113
    AIR PRODUCTS AND CHEMICALS INC 56,064 55,784
    AMAZON COM INC - 1.200% - 06/0 5,075 4,932
    AMERICAN EXPRESS CO - 2.500% - 30,286 31,000
    AMERICAN HONDA FIN CORP - 1.20 35,663 34,879
    AMERICAN TOWER CORP - 3.125% - 16,034 15,713
    ANHEUSER-BUSCH - 3.650% - 02/0 32,210 32,225
    ANTHEM INC NOTE - 3.650% - 12/ 38,060 38,423
    ASTRAZENECA FINANCE LLC - 0.70 19,788 19,845
    AT&T INC - 4.125% - 02/17/2026 41,785 43,650
    BANK NOVA SCOTIA - 0.550% - 09 54,686 54,688
    BANK OF AMERICA - 4.000% - 04/ 65,618 69,109
    BANK OF MONTREAL SER F - 0.625 54,995 54,263
    BK OF AMERICA CORP SER N MTN - 49,000 48,415
    BOSTON PPTYS - 3.800% - 02/01/ 10,429 10,460
    CARRIER GLOBAL CORP - 2.242% - 20,906 20,488
    CATERPILLAR FINL SVCS - 0.650% 55,354 55,001
    CITIGROUP INC - 3.200% - 10/21 38,198 42,411
    CNH INDUSTRIAL CAPITAL LLC NT 20,497 20,260
    COMCAST CORP - 3.300% - 02/01/ 56,144 53,744
    CVS HEALTH - 3.875% - 07/20/20 28,148 26,878
    DISNEY WALT CO - 1.750% - 01/1 35,382 35,383
    DISNEY WALT CO - 2.950% - 06/1 10,709 10,664
    EQUINIX INC - 2.900% - 11/18/2 12,988 12,439
    GENERAL MLS INC NOTE CALL MAKE 36,654 36,638
    GOLDMAN SACHS GROUP - 3.500% - 39,058 37,317
    HEALTHPEAK PROPERTIES INC NT - 19,880 20,028
    HOME DEPOT INC - 2.950% - 06/1 10,734 10,663
    INTERCONTINENTAL EXCHANGE INC 37,835 37,926
    INTERNATIONAL BK - 0.250% - 11 15,966 15,853
    JOHN DEERE CAP CORP - 3.450% - 53,598 52,536
    JP MORGAN CHASE - 3.900% - 07/ 80,996 86,581
    LONGVIEW TX TBLE-REF LTD - 0.7 55,000 54,366
    LOWES COS INC NOTE CALL - 2.50 37,299 36,451
    MARSH & MCLENNAN COS - 3.875% 38,269 37,023
    MCDONALDS CORP MED TERM NT - 3 11,172 10,845
    MICROSOFT CORP - 2.700% - 02/1 46,676 47,129
    MICROSOFT CORP - 3.125% - 11/0 15,971 16,001
    MORGAN STANLEY SER I MTN CALL 34,728 34,645
    NIKE INC - 2.750% - 03/27/2027 54,091 53,003
    NORTHROP GRUMMAN CORP - 2.930% 36,906 36,472
    NOVARTIS CAPITAL CORP - 3.000% 40,110 42,408
    PNC FINL SVCS - 3.500% - 01/23 31,272 31,418
    SANOFI - 3.375% - 06/19/2023 52,537 51,833
    SIMON PPTY GROUP LP - 3.375% - 31,752 31,562
    STARBUCKS CORP - 2.450% - 06/1 44,896 46,521
    STATE STR CORP NOTE - 2.354% - 50,154 51,544
    TEMPLE UNIV OF THE COMWLTH SYS 40,000 40,046
    UNITEDHEALTH GROUP INC - 3.750 48,333 48,813
    VENTURA CNTY CALIF CMNTY COLLE 40,000 40,819
    VERIZON COMMUNICATIONS INC - 2 34,064 34,092

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Arnow Family Fund Inc
    EIN:
    13-3188773
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 63,010 63,947
    ABBOTT LABS 8,198 19,985
    ABBVIE INC 14,445 23,289
    ABIOMED 1,281 1,796
    ADOBE SYSTEMS, INC 59,579 115,680
    ADVANCE AUTO PARTS INC 28,198 47,976
    ADVANCED MICRO DEVICES INC 8,137 22,592
    AGILENT TECHNOLOGIES INC 23,685 50,290
    AKAMAI TECH COM STK 1,260 1,639
    ALEXANDRIA REAL ESTATE EQUITIE 1,946 3,344
    ALIGN TECHNOLOGY, INC 1,247 3,943
    ALPHABET INC CL C 53,299 199,657
    AMERICAN EXPRESS CO 7,078 11,452
    AMERICAN TOWER REIT INC 9,069 15,795
    AMERICAN WATER WORKS COMPANY I 24,193 46,082
    AMERIPRISE FINANCIAL INC 32,724 41,931
    AMGEN INC 8,205 10,124
    AMPHENOL CORPORATION 19,356 31,486
    ANALOG DEVICES INC 17,605 35,154
    ANTHEM INC 1,419 2,781
    AON PLC CL A 12,392 47,188
    APPLE INC 37,417 239,719
    APPLIED MATERIALS INC 17,455 69,710
    APTAR GROUP INC 14,646 27,558
    APTIV PLC 1,594 2,804
    ARCHER DANIELS MDLND 841 1,757
    ARISTA NETWORKS 746 2,300
    AUTODESK, INC 18,443 17,434
    AUTOMATIC DATA PROCESSING INC 16,473 22,932
    BALL CP 873 1,444
    BANK NEW YORK MELLON CORP COM 4,421 6,795
    BANK OF AMERICA CORP 30,361 48,539
    BAXTER INTERNATIONAL INC 1,028 1,116
    BECTON DICKINSON & CO 4,592 5,030
    BIOGEN INC 39,500 33,829
    BOEING CO 8,778 5,838
    BOOKING HOLDINGS INC 50,325 69,578
    BORG WARNER INC 730 1,442
    BOSTON SCIENTIFIC 2,936 4,418
    BRISTOL-MYERS SQUIBB CO 23,794 24,940
    BROADCOM INC 15,601 35,932
    CADENCE DESIGN SYSTEMS INC 21,713 27,393
    CANADIAN PACIFIC RAILWAY LTD 849 1,439
    CAPITAL ONE FINANCIAL CORP 5,211 8,270
    CARNIVAL CORP 731 926
    CARRIER GLOBAL 39,373 60,803
    CATERPILLAR INC 11,374 19,020
    CDW CORP 7,109 11,058
    CERNER CORPORATION 33,368 48,107
    CHARLES SCHWAB CORP 7,701 12,279
    CHUBB LIMITED 4,103 7,732
    CIENA CORP 41,045 71,582
    CIGNA CORPORATION 4,416 6,889
    CINTAS CRP 869 2,216
    CISCO SYSTEMS INC 29,213 45,183
    CITIGROUP INC 87,780 81,345
    CITIZENS FINANCIAL GROUP, INC 4,043 10,726
    CLOROX CO 1,360 1,221
    CME GROUP, INC 21,774 39,752
    COGNIZANT TECHNOLOGY SOLUTIONS 24,322 27,148
    COLGATE-PALMOLIVE COMPANY 38,720 44,804
    COMCAST CORP 17,405 24,158
    CONAGRA FOODS INC 780 956
    CONSTELLATION BRANDS INC 3,939 5,521
    COPART INC 7,658 16,830
    CORNING INC 841 1,564
    CORTEVA INC 1,541 3,262
    CROWN CASTLE INTL 6,186 10,437
    CUMMINS INC 40,616 53,008
    CVS CAREMARK CORP 7,878 10,935
    D R HORTON 1,061 2,603
    DANAHER CORP 43,196 91,465
    DEERE CO 5,678 13,716
    DEXCOM, INC 1,146 1,611
    DISCOVER FINL SVCS COM 879 3,005
    DISCOVERY INC (FORMERLY DISC C 762 895
    DOLLAR GENERAL CORP 4,625 7,547
    DOW INC 1,680 3,346
    DTE ENERGY CO COM 3,514 5,738
    DU PONT DE NEMOURS 974 2,423
    EATON CORP PLC 2,313 4,839
    EBAY INC 11,843 22,211
    ECOLAB INC 25,582 38,238
    EDWARDS LIFESCIENCES 2,034 4,275
    EMERSON ELECTRIC CO 46,773 61,546
    EQUINIX, INC 5,453 8,458
    ESTEE LAUDER COMPANIES INC 23,749 64,415
    ETSY INC 10,299 16,202
    EVERSOURCE ENERGYINC 4,501 5,732
    EXELON CORPORATION 5,868 9,819
    EXPEDIA INC 2,320 5,060
    FASTENAL COMPANY 1,695 3,459
    FIDELITY NATIONAL INFORMATION 9,110 8,077
    FIFTH THIRD BANCORP 1,806 2,526
    FIRST REPUBLIC BANK 615 1,446
    FIRST SOLAR INC 27,242 50,989
    FLEETCOR TECHNOLGIES INC 1,714 2,015
    FORD MOTOR COMPANY 2,802 11,735
    FORTIVE CORPORATION 2,368 2,670
    GARTNER INC 5,309 9,361
    GENERAL MILLS INC 4,676 6,064
    GILEAD SCIENCES INC 4,042 4,357
    GLOBAL PAYMENTS INC 989 946
    GRAINGER W W INC 1,468 3,628
    HANNON ARMSTRONG SUST INFRAST 25,440 62,416
    HCA INC 1,591 5,138
    HILTON WORLDWIDE HOLDINGS, INC 2,498 5,616
    HOME DEPOT INC 51,240 134,047
    HP INC 12,643 28,290
    HUNT J B 2,236 5,314
    ILLINOIS TOOL WORKS 5,979 11,106
    ILLUMINA INC COM 1,804 2,663
    INTERCONTINENTAL EXCHANGE, INC 15,384 20,789
    INTUIT 55,998 126,070
    INTUITIVE SURGICAL 3,416 7,545
    IPG PHOTONICS CORP 13,332 13,083
    JOHNSON & JOHNSON 32,482 41,057
    KB HOME 32,665 33,324
    KELLOGG CO 2,106 2,448
    KIMBERLY CLARK CORP 2,791 3,430
    KIMCO RLTY CORP 35,433 44,271
    KLA TENCOR CORP 955 3,011
    KRAFT HEINZ CO 4,071 6,354
    KROGER CO 3,124 4,617
    L3HARRIS TECHNOLOGIES 2,775 3,625
    LAM RESEARCH CORP 7,566 17,260
    LAS VEGAS SANDS CORP 1,973 1,656
    LENNAR CORP 1,100 3,136
    LINDE PLC COM 17,543 32,218
    LOCKHEED MARTIN CORP 10,591 12,084
    LOEWS CORP 1,924 3,292
    LYONDELLBASELL INDUSTRIES NV 2,401 4,888
    MAGNA INTERNATIONAL INC 39,017 35,209
    MARSH AND MCLENNAN COMPANIES I 4,890 8,343
    MASTERCARD INC 25,889 40,962
    MCCORMICK & CO 39,872 45,020
    MEDTRONIC PLC 9,468 11,483
    MERCK & CO INC 57,293 70,815
    META PLATFORMS INC 68,002 68,279
    METLIFE INC 3,701 8,374
    MGM RESORTS INTERNATIONAL 3,633 6,283
    MICRON TECHNOLOGY 36,891 64,274
    MICROSOFT CORP 38,561 286,880
    MOHAWK INDS INC 19,693 40,080
    MOLSON COOR BREW CO CL B 1,200 927
    MONDELEZ INTERNATIONAL INC 29,284 44,759
    MONSTER BEVERAGE CORP 3,278 5,858
    MOODYS CORP 4,894 9,765
    MORGAN STANLEY 51,102 110,430
    MOTOROLA SOLUTIONS INC 785 1,630
    MSCI INC 1,640 3,676
    NETAPP, INC 1,415 2,116
    NETFLIX INC 78,885 96,993
    NEW YORK TIMES CO CL A 17,563 29,222
    NEWMONT GOLDCORP CORPORATION 7,593 11,350
    NEXTERA ENERGY, INC 24,077 35,197
    NOVO NORDISK A S 19,898 48,720
    NVIDIA CORP 20,403 84,704
    O'REILLY AUTOMOTIVE INC 1,720 4,237
    OLD DOMINION FREIGHT LINE 1,269 4,301
    ORGANON & CO 689 670
    PACCAR INC 2,312 2,736
    PAYPAL HOLDINGS, INC 18,760 31,304
    PEPSICO INC 15,766 24,319
    PFIZER INC 13,550 26,454
    PNC FINANCIAL GROUP INC 43,664 77,000
    PPG INDUSTRIES INC 903 1,897
    PROGRESSIVE CORP OHIO 2,981 5,646
    PRUDENTIAL FINCL INC 4,986 5,953
    PUBLIC STORAGE INC 4,888 9,364
    PUBLIC SVC ENTERPRISE GROUP IN 816 1,335
    PVH CORP 43,642 39,461
    QUALCOMM INC 5,198 17,007
    QUANTA SVCS INC 1,499 6,192
    RAYTHEON TECHNOLOGIES CORP 10,189 15,577
    REGENERON PHARMACEUTICALS INC 33,611 55,574
    ROPER INDUSTRIES 566 984
    ROSS STORES, INC 931 1,486
    S&P GLOBAL INC COM 7,613 16,518
    SALESFORCE.COM 74,959 93,774
    SBA COMMUNICATIONS CORP 7,541 11,671
    SEAGATE TECHNOLOGY HOLDINGS PL 8,614 17,512
    SEMPRA ENERGY COM 3,994 4,762
    SERVICE NOW 19,880 33,105
    SKYWORKS SOLUTIONS, INC 2,675 3,103
    SPDR BARCLAYS 1 TO 10 YEAR TIP 1,352,128 1,460,405
    SPROUTS FARMERS MARKET INC 25,838 27,009
    STARBUCKS CORP COM 9,065 16,142
    STATE STREET CORPORATION 3,193 3,255
    STRYKER CORPORATION 1,881 2,942
    SYNCHRONY FINANCIAL 1,800 2,459
    T-MOBILE US INC 18,858 17,165
    T. ROWE PRICE GROUP 28,056 51,913
    TARGET CORPORATION 33,554 67,580
    TE CONNECTIVITY LTD 11,838 17,102
    TESLA MOTORS INC 43,782 66,577
    TEXAS INSTRUMENTS INC 16,134 26,951
    THE COCA-COLA CO 29,063 38,250
    THE JM SMUCKER COMPANY 1,586 2,037
    THERMO FISHER SCIENTIFIC INC 6,560 15,347
    TJX COMPANIES INC 49,001 64,608
    TOPBUILD CORP 27,390 48,560
    TRACTOR SUPPLY CO COM 720 2,147
    TRAVELERS COMPANIES INC 3,746 4,536
    TRUIST FINANCIAL CORPORATION 6,146 8,080
    TWITTER INC 2,980 4,106
    ULTA SALON, COSMETICS & FRAGRA 888 2,062
    UNDER ARMOUR INC CL A 760 1,759
    UNION PACIFIC 20,085 22,926
    UNITED RENTALS INC 717 3,323
    UNITEDHEALTH GROUP INC 25,998 51,720
    US BANCORP 9,078 12,694
    VERISIGN INC 4,091 5,076
    VERIZON COMMUNICATIONS 86,351 91,917
    VERTEX PHARMCTLS INC 41,522 44,140
    VIACOMCBS INC 983 1,418
    VIATRIS ORD SHS 736 744
    VISA INC 67,759 154,080
    VULCAN MATERIALS CO 2,222 5,397
    WABTEC 34,963 42,463
    WALGREENS BOOTS ALLIANCE 9,003 10,693
    WALT DISNEY HOLDINGS CO 56,000 76,361
    WASTE MANAGEMENT INC 4,604 8,345
    WATERS CORP 18,128 31,671
    WELLTOWER INC. 959 1,544
    WESTROCK COMPANY 735 1,242
    WEYERHAEUSER CO 32,098 34,179
    WILLIS TOWERS WATSON PUBLIC LT 849 1,187
    YUM BRANDS INC 4,041 8,054
    ZEBRA TECHNOLOGIES CORP 15,364 24,998
    ZOETIS INC 3,217 7,565

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    The Arnow Family Fund Inc
    EIN:
    13-3188773
    US Government Securities - End of Year Book Value:

    2,636,769
    US Government Securities - End of Year Fair Market Value:

    2,647,919
    State & Local Government Securities - End of Year Book Value:


    2,788,101
    State & Local Government Securities - End of Year Fair Market Value:


    2,791,355


    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Arnow Family Fund Inc
    EIN:
    13-3188773
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AVANATH AFFORDABLE HOUSING IV,   163,624 170,088
    BETTER VENTURES FUND III, LP   162,938 331,565
    BLUE HIGHWAY GROWTH CAPITAL FU   105,307 103,901
    BOSTON COMMON INT'L SUSTAINABL   1,306,052 1,616,694
    CLEAN GROWTH FUND IV, LP   92,411 191,807
    CLEAN GROWTH FUND V, LP   130,269 250,729
    ECOSYSTEM INTEGRITY FUND IV, L   50,219 91,711
    ELEVAR EQUITY IV, LP   279,219 1,032,120
    GENERATION IM ASIA FUND L.P   1,181,687 1,475,041
    HULL STREET ENERGY PARTNERS I,   282,553 384,415
    ILLUMEN CAPITAL II, LP   33,742 31,454
    ILLUMEN CAPITAL, LP   212,170 318,014
    INVESTECO SUSTAINABLE FOOD FUN   275,364 446,528
    LANSDOWNE CLEAN ENERGY FUND IC   438,012 937,851
    MAJ INVEST GLOBAL VALUE EQUITI   1,103,848 1,252,327
    OWNERSHIP CAPITAL GLOBAL EQUIT   1,090,935 1,684,396
    PARK STREET CAPITAL NATURAL RE   25,090 22,522
    PARK STREET CAPITAL NATURAL RE   37,892 29,940
    PARK STREET CAPITAL NATURAL RE   51,887 60,605
    ROSE AFFORDABLE HOUSING PRESER   223,652 402,891
    RRG GLOBAL PARTNERS FEEDER FUN   148,286 185,209
    RRG SUSTAINABLE WATER IMPACT F   128,979 125,396
    STEWART INVS GEMSL FD (DST)   1,092,706 1,222,762
    SUSTAINABLE ASSET FUND II (CAY   282,338 303,363
    SUSTAINABLE ASSET FUND III (US   31,211 30,509
    SUSTAINABLE ASSET FUND LP   170,907 308,757
    TRUE GREEN CAPITAL FUND III L.   348,710 549,879

    TY 2021 OtherExpensesSchedule
    Name:
    The Arnow Family Fund Inc
    EIN:
    13-3188773
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 36,500     36,500
    Foundation Dues & Memberships 4,500     4,500
    K-1 Exp AVANATH AFFORDABLE HOU 560      
    K-1 Exp BETTER VENTURES FUND I 7,262 7,262    
    K-1 Exp BLUE HIGHWAY GROWTH CA 7,182 7,182    
    K-1 Exp BOSTON COMMON INT'L SU 5,027 3,157    
    K-1 Exp CLEAN GROWTH FUND IV, 11,933 11,880    
    K-1 Exp CLEAN GROWTH FUND V, L 7,512 6,873    
    K-1 Exp ECOSYSTEM INTEGRITY FU 6,415 6,411    
    K-1 Exp ELEVAR EQUITY IV, LP 7,962 7,961    
    K-1 Exp GENERATION IM ASIA FUN 17,953 17,953    
    K-1 Exp ILLUMEN CAPITAL II, LP 2,757 2,757    
    K-1 Exp ILLUMEN CAPITAL, LP 16,962 16,958    
    K-1 Exp INVESTECO SUSTAINABLE 6,221 6,221    
    K-1 Exp MAJ INVEST GLOBAL VALU 8,079 8,079    
    K-1 Exp OWNERSHIP CAPITAL GLOB 45,020 45,020    
    K-1 Exp PARK STREET CAPITAL NA 21 21    
    K-1 Exp PARK STREET CAPITAL NA 541 541    
    K-1 Exp PARK STREET CAPITAL NA 1,429 1,105    
    K-1 Exp PARK STREET CAPITAL NA 3,134 2,703    
    K-1 Exp ROSE AFFORDABLE HOUSIN 115 115    
    K-1 Exp ROSE SMART GROWTH INVE 14      
    K-1 Exp RRG SUSTAINABLE WATER 511 511    
    K-1 Exp STEWART INVS GEMSL FD 5,754 5,754    
    K-1 Exp SUSTAINABLE ASSET FUND 2,903 2,903    
    K-1 Exp SUSTAINABLE ASSET FUND 4,801 4,801    
    K-1 Exp SUSTAINABLE ASSET FUND 6,560 6,426    
    K-1 Exp TRUE GREEN CAPITAL FUN 14,379 13,233    
    State or Local Filing Fees 939     939
    Website Hosting/Support 155     155


    TY 2021 OtherIncomeSchedule2
    Name:
    The Arnow Family Fund Inc
    EIN:
    13-3188773
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss AVANATH AFFORDABLE HOUSING IV, LLC -3,496 -3,496  
    K-1 Inc/Loss BETTER VENTURES FUND III, LP 345 345  
    K-1 Inc/Loss BLUE HIGHWAY GROWTH CAPITAL FUND, LP 3,145 3,145  
    K-1 Inc/Loss BOSTON COMMON INT'L SUSTAINABLE CLIMA 44,961 44,961  
    K-1 Inc/Loss CLEAN GROWTH FUND IV, LP -73 307  
    K-1 Inc/Loss CLEAN GROWTH FUND V, LP -1,045 30  
    K-1 Inc/Loss ECOSYSTEM INTEGRITY FUND IV, L.P 15 15  
    K-1 Inc/Loss ELEVAR EQUITY IV, LP 1,149 1,149  
    K-1 Inc/Loss GENERATION IM ASIA FUND L.P 29,646 29,646  
    K-1 Inc/Loss ILLUMEN CAPITAL, LP 287 287  
    K-1 Inc/Loss INVESTECO SUSTAINABLE FOOD FUND II, L 3,918 3,918  
    K-1 Inc/Loss MAJ INVEST GLOBAL VALUE EQUITIES FUND 19,164 19,164  
    K-1 Inc/Loss OWNERSHIP CAPITAL GLOBAL EQUITY (USD) 3,738 3,738  
    K-1 Inc/Loss PARK STR CAP NAT RES III 483 420  
    K-1 Inc/Loss PARK STR CAP NAT RES IV 606 345  
    K-1 Inc/Loss PARK STR CAP NAT RES V 4,222 3,270  
    K-1 Inc/Loss ROSE AFFORDABLE HOUSING PRESERVATION 8,295 8,295  
    K-1 Inc/Loss ROSE SMART GROWTH INVESTMENT FUND I L -6,501 -6,626  
    K-1 Inc/Loss RRG SUSTAINABLE WATER IMPACT FD B LP 3,622 3,622  
    K-1 Inc/Loss STEWART INVS GEMSL FD (DST) 30,126 30,126  
    K-1 Inc/Loss SUSTAINABLE ASSET FUND II (CAYMAN) LP 19,775 19,775  
    K-1 Inc/Loss SUSTAINABLE ASSET FUND III (US FEEDER 1 1  
    K-1 Inc/Loss SUSTAINABLE ASSET FUND LP 22,298 1,670  
    K-1 Inc/Loss TRUE GREEN CAPITAL FUND III L.P -24,458 -2,162  
    Class Action Lawsuit Proceeds 32 32  
    Federal Tax Refund 8,038    
    Foreign Currency Loss -499 -499  
    Sec 751 Gain on Sale CLEAN GROWTH FUND V, LP 1    
    State Tax Refund 3,550    


    TY 2021 OtherLiabilitiesSchedule
    Name:
    The Arnow Family Fund Inc
    EIN:
    13-3188773
    Description Beginning of Year - Book Value End of Year - Book Value
    LINE OF CREDIT 2,545,000 1,445,000


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Arnow Family Fund Inc
    EIN:
    13-3188773
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 72,312 72,312    
    Philanthropic Consulting Srvcs 5,000     5,000


    TY 2021 SubstantialContributorsSch
    Name:
    The Arnow Family Fund Inc
    EIN:
    13-3188773
    Name Address
    RHA Revocable Trust-Estate of R H A 1114 Avenue of Americas
    New York,NY10036


    TY 2021 TaxesSchedule
    Name:
    The Arnow Family Fund Inc
    EIN:
    13-3188773
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2021 10,400      
    990-PF Excise Tax for 2018 25      
    990-PF Extension for 2020 1,700      
    990-T Extension for 2020 17,200      
    990-T Income Tax for 2020 5,880      
    Foreign Tax Paid 393 393    
    State Income Tax 2020 10,302      
    IRS MISC FEE 249