Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
CHARINA ENDOWMENT FUND INC
 
Number and street (or P.O. box number if mail is not delivered to street address)RICHARD MENSCHEL 375 PARK AVE 160
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10152
A Employer identification number

13-3675545
B Telephone number (see instructions)

(973) 472-6250
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$412,312,876J 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 6,405 6,405  
4 Dividends and interest from securities... 7,913,606 7,913,606  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 15,044,216
b Gross sales price for all assets on line 6a 20,324,724
7 Capital gain net income (from Part IV, line 2)... 15,044,216
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 20,480 20,480  
12 Total. Add lines 1 through 11........ 22,984,707 22,984,707  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 5,000 0   5,000
b Accounting fees (attach schedule)....... Click to see attachment 41,758 20,879   20,879
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,036,748 93,455   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,447,340 760,730   686,610
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,530,846 875,064   712,489
25 Contributions, gifts, grants paid....... 19,562,903 15,633,000
26 Total expenses and disbursements. Add lines 24 and 25 22,093,749 875,064   16,345,489
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 890,958
b Net investment income (if negative, enter -0-) 22,109,643
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......... 9,236,455 7,018,997 7,018,997
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) 37,349,552 Click to see attachment44,837,844 44,837,844
b Investments—corporate stock (attach schedule)....... 293,469,765 Click to see attachment333,282,336 333,282,336
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment23,423,461 Click to see attachment27,173,699 Click to see attachment27,173,699
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 363,479,233 412,312,876 412,312,876
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 9,118,568 13,398,471
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 attachment3,601,987 Click to see attachment4,427,104
23 Total liabilities (add lines 17 through 22)......... 12,720,555 17,825,575
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 350,758,678 394,487,301
29 Total net assets or fund balances (see instructions)..... 350,758,678 394,487,301
30 Total liabilities and net assets/fund balances (see instructions). 363,479,233 412,312,876
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
350,758,678
2
Enter amount from Part I, line 27a .....................
2
890,958
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
42,837,665
4
Add lines 1, 2, and 3 ..........................
4
394,487,301
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
394,487,301
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 10,000 SHS THE KRAFT HEINS CO CMN P 2016-12-02 2021-04-30
b 130,000 SHS ABBOTT LABORATORIES CMN P 2009-08-28 2021-12-31
c 20,000 SHS WALGREENS BOOTS ALLIANCE, INC. CMN P 2021-04-05 2006-10-20
d LONG TERM CAPITAL GAINS FROM SCHEDULE K-1S P 2017-01-01 2021-12-31
e LONG-TERM CAPITAL GAIN DISTRIBUTIONS FROM GOLDMAN SACHS P 2017-01-01 2021-12-31
SHORT TERM CAPITAL GAINS FROM SCHEDULE K-1S P 2021-01-01 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 414,798   809,636 -394,838
b 16,003,547   3,600,872 12,402,675
c 1,119,599   870,000 249,599
d 2,263,893     2,263,893
e       0
522,887     522,887
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       -394,838
b       12,402,675
c       249,599
d       2,263,893
e       0
      522,887
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 15,044,216
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 307,324
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- ..... 5 307,324
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 290,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 140,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 430,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 2,084
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 10 120,592
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet120,592 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMCDERMOTT WILL EMERY LLP Telephone no.bullet (212) 547-5400

    Located atbullet340 MADISON AVENUENEW YORKNY ZIP+4bullet10173
    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
    RICHARD L MENSCHEL PRESIDENT/TREASURER/DIRECTOR
    0.25     		0 0 0
    375 PARK AVENUE SUITE 1602
    NEW YORK,NY10152
    RONAY MENSCHEL SECRETARY/DIRECTOR
    0.25     		0 0 0
    375 PARK AVENUE SUITE 1602
    NEW YORK,NY10152
    ROBERT B MENSCHEL DIRECTOR
    0.25     		0 0 0
    375 PARK AVENUE SUITE 1602
    NEW YORK,NY10152
    CELENE A MENSCHEL DIRECTOR
    0.25     		0 0 0
    375 PARK AVENUE SUITE 1602
    NEW YORK,NY10152
    CHARIS B DRANT DIRECTOR
    0.25     		0 0 0
    375 PARK AVENUE SUITE 1602
    NEW YORK,NY10152
    SABINA C MENSCHEL DIRECTOR
    0.25     		0 0 0
    375 PARK AVENUE SUITE 1602
    NEW YORK,NY10152
    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 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 PLEASE NOTE THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT UNDER 0
    2 INTERNAL REVENUE CODE SECTION 501(C)(3). 0
    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
    355,144,982
    b
    Average of monthly cash balances.......................
    1b
    10,464,635
    c
    Fair market value of all other assets (see instructions)................
    1c
    25,899,722
    d
    Total (add lines 1a, b, and c).........................
    1d
    391,509,339
    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
    391,509,339
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    5,872,640
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    385,636,699
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    19,281,835
    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
    19,281,835
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    307,324
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    307,324
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    18,974,511
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    18,974,511
    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
    18,974,511
    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 18,974,511
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 15,535,115
    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$ 16,345,489
    a Applied to 2020, but not more than line 2a 15,535,115
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 810,374
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		18,164,137
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    92ND STREET Y
    1395 LEXINGTON AVE
    NEW YORK,NY10128     		NONE CHARITY GENERAL SUPPORT 450,000
    ACLU
    125 BROAD STREET 18TH FLOOR
    NEW YORK,NY10004     		NONE CHARITY GENERAL SUPPORT 1,500,000
    AMERICARES FOUNDATION
    88 HAMILTON AVENUE
    STAMFORD,CT06902     		NONE CHARITY GENERAL SUPPORT 250,000
    BARD COLLEGE
    30 CAMPUS RD
    ANNANDALEONHUDSON,NY12504     		NONE CHARITY GENERAL SUPPORT 150,000
    CITY PARKS FOUNDATION
    830 FIFTH AVENUE
    NEW YORK,NY10065     		NONE CHARITY GENERAL SUPPORT 150,000
    COLUMBIA SCHOOL OF JOURNALISM
    PULLITZER HALL 2950 BROADWAY
    NEW YORK,NY10027     		NONE CHARITY GENERAL SUPPORT 300,000
    COLUMBIA UNIVERSITY - WATCH ART GALLERY
    533 W 218TH ST
    NEW YORK,NY10027     		NONE CHARITY GENERAL SUPPORT 100,000
    CORNELL UNIVERSITY
    616 THURSTON AVE
    ITHACA,NY14850     		NONE CHARITY GENERAL SUPPORT 1,000,000
    CRENULATED COMPANY - DBA NEW SETTLEMENT
    1512 TOWNSEND AVENUE
    BRONX,NY10452     		NONE CHARITY GENERAL SUPPORT 300,000
    DC CENTRAL KITHCEN
    425 2ND ST NW
    WASHINGTON,DC20001     		NONE CHARITY GENERAL SUPPORT 300,000
    EAST BOSTON SOCIAL CENTER
    68 CENTRAL SQUARE
    BOSTON,MA02128     		NONE CHARITY GENERAL SUPPORT 150,000
    FRANKLIN DELANO ROOSEVELT FOUR FREEDOMS P
    1 FDR FOUR FREEDOMS PARK
    ROOSEVELT ISLAND,NY10044     		NONE CHARITY GENERAL SUPPORT 50,000
    GODDARD-RIVERSIDE COMMUNITY CENTER
    593 COLUMBUS AVENUE
    NEW YORK,NY10024     		NONE CHARITY GENERAL SUPPORT 300,000
    GOOD SHEAPARD SERVICE
    305 7TH AVENUE 9TH FLOOR
    NEW YORK,NY10001     		NONE CHARITY GENERAL SUPPORT 200,000
    GRAHAM WINDHAM
    ONE PIERREPONT PLAZA SUITE 901
    BROOKLYN,NY11201     		NONE CHARITY GENERAL SUPPORT 250,000
    HARVARD TH CHAN SCHOL OF PUBLIC HEALTH
    677 HUNTINGTON AVE
    BOSTON,MA02115     		NONE CHARITY GENERAL SUPPORT 750,000
    HOSPITAL FOR SPECIAL SURGERY
    535 EAST 70TH STREET
    NEW YORK,NY10021     		NONE CHARITY GENERAL SUPPORT 1,000,000
    INTERNATIONAL RESCUE COMMITTEE
    122 EAST 42ND STREET
    NEW YORK,NY10168     		NONE CHARITY GENERAL SUPPORT 250,000
    JACOB A RIIS NEIGHBORHOOLD HOUSES
    10-25 41ST AVE
    QUEENS,NY11101     		NONE CHARITY GENERAL SUPPORT 150,000
    LEGAL ACTION CENTER
    225 VARICK ST 4TH FLOOR
    NEW YORK,NY10014     		NONE CHARITY GENERAL SUPPORT 150,000
    MADISON SQUARE CONSERVANCY
    11 MADISON AVENUE 15TH FLOOR
    NEW YORK,NY10010     		NONE CHARITY GENERAL SUPPORT 150,000
    MASS MOCA
    1040 MASS MOCA WAY
    NORTH ADAMS,MA01247     		NONE CHARITY GENERAL SUPPORT 100,000
    MIAMI JEWISH HEALTH SYSTEM FOUNDATION
    MIAMI JEWISH HEALTH 5200 NE 2ND AVE
    MIAMI,FL33137     		NONE CHARITY GENERAL SUPPORT 50,000
    NAACP LEGAL DEFENSE AND EDUCATIONAL FUND
    40 RECTOR STREET 5TH FLOOR
    NEW YORK,NY10006     		NONE CHARITY GENERAL SUPPORT 450,000
    NATIONAL PARKS OF NEW YORK HARBOR CONS
    420 SUMMIT AVENUE
    ST PAUL,MN55102     		NONE CHARITY GENERAL SUPPORT 50,000
    NATIONAL PHILANTHROPIC TRUST
    165 TOWNSHIP LINE ROAD SUITE 1200
    JENKINTOWN,PA19046     		NONE CHARITY GENERAL SUPPORT 1,000,000
    NEW YORK ACADEMY OF MEDICINE
    1216 5TH AVE
    NEW YORK,NY10029     		NONE CHARITY GENERAL SUPPORT 100,000
    NEW YORK LAW SCHOOL
    185 W BROADWAY
    NEW YORK,NY10013     		NONE CHARITY GENERAL SUPPORT 100,000
    NEW YORK LAWYERS FOR THE PUBLIC INTEREST
    151 WEST 30TH STREET 11TH FLOOR
    NEW YORK,NY10001     		NONE CHARITY GENERAL SUPPORT 150,000
    OXFORD UNIVERSITY - BODELEION LIBRARIES
    200 OUS DR
    OXFORD,MS38655     		NONE CHARITY GENERAL SUPPORT 100,000
    PARK AVENUE ARMORY
    643 PARK AVE
    NEW YORK,NY10065     		NONE CHARITY GENERAL SUPPORT 333,000
    PENUMBRA FOUNDATION
    36 E 30TH ST
    NEW YORK,NY10016     		NONE CHARITY GENERAL SUPPORT 75,000
    PUBLICOLOR
    20 W 36TH ST 9TH FLOOR
    NEW YORK,NY10018     		NONE CHARITY GENERAL SUPPORT 100,000
    RESEARCH FOUNDATION OF CUNY
    230 W 41ST ST 7
    NEW YORK,NY10036     		NONE CHARITY GENERAL SUPPORT 500,000
    STORY CORPS
    4716 HAYWOOD DR
    PORTSMOUTH,VA23703     		NONE CHARITY GENERAL SUPPORT 150,000
    STUDENT SPONSOR PARTNERSHIP
    697 3RD AVE SUITE 429
    NEW YORK,NY10017     		NONE CHARITY GENERAL SUPPORT 300,000
    SUNNYSIDE COMMUNITY CENTER
    43-31 39TH STREET SUNNYSIDE
    NEW YORK,NY11104     		NONE CHARITY GENERAL SUPPORT 150,000
    THE BOTTOM LINE
    44 COURT ST 300
    BROOKLYN,NY11201     		NONE CHARITY GENERAL SUPPORT 150,000
    THE COOPER UNION
    30 COOPER SQ
    NEW YORK,NY10003     		NONE CHARITY GENERAL SUPPORT 1,500,000
    THE SHED
    545 W 30TH ST
    NEW YORK,NY10001     		NONE CHARITY GENERAL SUPPORT 500,000
    UNION SETTLEMENT ASSOCIATION
    237 E 104TH ST
    NEW YORK,NY10029     		NONE CHARITY GENERAL SUPPORT 300,000
    UNITED HOSPITAL FUND
    1411 BROADWAY
    NEW YORK,NY10018     		NONE CHARITY GENERAL SUPPORT 100,000
    UNITED NEIGHBORHOOD HOUSES OF NEW YORK
    45 BROADWAY
    NEW YORK,NY10006     		NONE CHARITY GENERAL SUPPORT 75,000
    URBAN PATHWAYS
    575 8TH AVE 16TH FLOOR
    NEW YORK,NY10018     		NONE CHARITY GENERAL SUPPORT 300,000
    VENTOUX PARTNERSHIP NETWORK INC
    230 E 124TH ST APT 4C
    NEW YORK,NY10035     		NONE CHARITY GENERAL SUPPORT 150,000
    VETERANS COMMUNITY PROJECT
    8900 TROOST AVE
    KANSAS CITY,MO64131     		NONE CHARITY GENERAL SUPPORT 100,000
    WGBH
    ONE GUEST STREET
    BOSTON,MA02135     		NONE CHARITY GENERAL SUPPORT 200,000
    YEAR UP
    45 MILK ST 9TH FLOOR
    BOSTON,MA02109     		NONE CHARITY GENERAL SUPPORT 300,000
    COLUMBIA UNIVERSITY
    533 W 218TH ST
    NEW YORK,NY10027     		NONE CHARITY GENERAL SUPPORT 150,000
    MAHLER-LE WITT STUDIOS MAHLER FOUNDATION
    1362 PACIFIC AVE
    SANTA CRUZ,CA95060     		NONE CHARITY GENERAL SUPPORT 50,000
    SCHOLARS AT RISK INC
    411 LAFAYETTE ST FL 3
    NEW YORK,NY10003     		NONE CHARITY GENERAL SUPPORT 150,000
    Total .................................bullet 3a 15,633,000
    bApproved for future payment
    SEE ATTACHED VARIOUS ORGANIZATIONS
    SEE ATTACHED
    SEE ATTACHED,NY10152     		NONE CHARITY GENERAL SUPPORT 13,833,000
    Total .................................bullet 3b 13,833,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 6,405  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 15,044,216  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 22,984,707 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    22,984,707
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    CHARINA ENDOWMENT FUND INC
    EIN:
    13-3675545
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ERNST & YOUNG, LLP 19,600 9,800   9,800
    CONDON, O'MEARA, MCGINTY 22,158 11,079   11,079

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    CHARINA ENDOWMENT FUND INC
    EIN:
    13-3675545
    Name of Stock End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS ACCOUNT 333,282,336 333,282,336

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    CHARINA ENDOWMENT FUND INC
    EIN:
    13-3675545
    US Government Securities - End of Year Book Value:

    44,837,844
    US Government Securities - End of Year Fair Market Value:

    44,837,844
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 LegalFeesSchedule
    Name:
    CHARINA ENDOWMENT FUND INC
    EIN:
    13-3675545
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MCDERMOTT WILL & EMERY 5,000 0   5,000


    TY 2021 OtherAssetsSchedule
    Name:
    CHARINA ENDOWMENT FUND INC
    EIN:
    13-3675545
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ETON PARK OVERSEAS FUND LTD 404 248 248
    WHITEHALL PARALLEL GL RE LP 01 8,256 8,459 8,459
    DIVIDEND RECEIVABLE 437,098 467,996 467,996
    REDEMPTION RECEIVABLE 100,000 0 0
    PREPAID TAXES 6,001 0 0
    LONE CASCADE LP 18,743,593 18,231,868 18,231,868
    BDT CAPITAL PARTNERS FUND 3 LP 4,128,109 8,465,128 8,465,128


    TY 2021 OtherExpensesSchedule
    Name:
    CHARINA ENDOWMENT FUND INC
    EIN:
    13-3675545
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING EXPENSES 32,442 0   32,442
    FOREIGN TAX THRU K-1S 927 927   0
    INFORMATION TECHNOLOGY 51,654 0   51,654
    INSURANCE 11,635 0   11,635
    MISCELLANEOUS OFFICE EXPENSE 362 0   362
    OTHER DEDUCTIONS THRU K-1S 564,377 564,377   0
    ADMINISTRATIVE EXPENSES 367,375 91,844   275,531
    RENT EXPENSE 414,327 103,582   310,745
    SUPPLIES 1,942 0   1,942
    TRAVEL & ENTERTAINMENT 2,299 0   2,299


    TY 2021 OtherIncomeSchedule2
    Name:
    CHARINA ENDOWMENT FUND INC
    EIN:
    13-3675545
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SEC 988 LOSS FROM K-1S 46 46 46
    SEC 987 GAIN FROM K-1S 0 0 0
    RENTAL REAL ESTATE INCOME FROM K-1S -1 -1 -1
    OTHER INCOME FROM K-1S 20,435 20,435 20,435


    TY 2021 OtherIncreasesSchedule
    Name:
    CHARINA ENDOWMENT FUND INC
    EIN:
    13-3675545
    Description Amount
    UNREALIZED APPRECIATION FROM INVESTMENTS 42,294,197
    ADJUSTMENT FOR DEFERRED FEDERAL EXCISE TAXES 543,468


    TY 2021 OtherLiabilitiesSchedule
    Name:
    CHARINA ENDOWMENT FUND INC
    EIN:
    13-3675545
    Description Beginning of Year - Book Value End of Year - Book Value
    DUE TO HORACE W. GOLDSMITH FDN 98,777 380,426
    DEFERRED FEDERAL EXCISE TAXES 3,302,822 3,846,290
    STATE TAXES PAYABLE 585 585
    ACCRUED ACCOUNTING FEES 50,000 50,000
    ACCOUNTS PAYABLE 52,803 52,803
    DUE TO GOLDMAN SACHS 97,000 97,000


    TY 2021 TaxesSchedule
    Name:
    CHARINA ENDOWMENT FUND INC
    EIN:
    13-3675545
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES PAID & DEFERRED 943,293 0   0
    FOREIGN TAX THRU GOLDMAN SACHS 93,455 93,455   0