Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE SAMUEL AND JEAN FRANKEL
HEALTH AND RESEARCH FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)273 LAKEWOOD DR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BLOOMFIELD HILLS, MI48304
A Employer identification number

30-0095044
B Telephone number (see instructions)

(248) 645-1307
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$23,749,616J 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 159,741 159,741  
4 Dividends and interest from securities... 678,113 647,992  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 499,119
b Gross sales price for all assets on line 6a 2,570,190
7 Capital gain net income (from Part IV, line 2)... 499,119
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).......      
12 Total. Add lines 1 through 11........ 1,336,973 1,306,852  
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).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 69,353 0   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 18,586 0   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 2,228 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 90,167 0   0
25 Contributions, gifts, grants paid....... 1,026,000 1,026,000
26 Total expenses and disbursements. Add lines 24 and 25 1,116,167 0   1,026,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 220,806
b Net investment income (if negative, enter -0-) 1,306,852
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.............   6,676 6,676
2 Savings and temporary cash investments......... 854,325 1,494,437 1,494,437
3 Accounts receivable bullet7,111
Less: allowance for doubtful accounts bullet   8,496 7,111 7,111
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) 2,254,378 Click to see attachment1,732,881 1,984,239
b Investments—corporate stock (attach schedule)....... 1,863,688 Click to see attachment1,669,855 3,692,208
c Investments—corporate bonds (attach schedule)....... 4,414,774 Click to see attachment3,885,259 4,042,676
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,979,973 Click to see attachment11,509,578 12,522,263
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment-122,295 Click to see attachment6 Click to see attachment6
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,253,339 20,305,803 23,749,616
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 20,253,339 20,305,803
29 Total net assets or fund balances (see instructions)..... 20,253,339 20,305,803
30 Total liabilities and net assets/fund balances (see instructions). 20,253,339 20,305,803
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
20,253,339
2
Enter amount from Part I, line 27a .....................
2
220,806
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
20,474,145
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
168,342
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
20,305,803
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 IVA WORLDWIDE FUND 75 SHS P 2020-12-16 2021-03-15
b PIMCO INCOME FUND 14450 SHS P 2014-07-28 2021-01-20
c IVA WORLDWIDE FUND 7916 SHS P 2012-12-13 2021-03-15
d AQR STYLE PREMIA 8466 SHS P 2018-12-20 2021-01-20
e NW OHIO LCL SD CLARK 100000 SHS P 2011-10-17 2021-04-12
OREGON ST DPT 200000 SHS P 2010-04-08 2021-11-15
ANNE ARUNDLE CNTY 200000 SHS P 2010-09-22 2021-04-22
HSBC HLDGS 3000 SHS P 2010-05-20 2021-01-13
IVA WORLDWIDE FUND 14390 SHS P 2011-12-14 2021-03-15
BLACKROCK 2022 GLOBAL 846 SHS P 2021-06-29 2021-12-29
B RILEY FINANCIAL 4000 SHS P 2020-05-07 2021-07-26
DOMINION ENERGY INC 6000 SHS P 2016-07-12 2021-08-31
JP MORGAN CHASE 8000 SHS P 2015-05-29 2021-06-01
BLACKROCK 2022 GLOBAL 14357 SHS P 2018-01-17 2021-12-29
SX5E LIRN ISSUER WFC 20000 SHS P 2018-03-28 2021-03-26
AMERICAN EXPRESS CO 100000 SHS P 2015-04-09 2021-11-15
METLIFE INC 28000 SHS P 2016-09-16 2021-06-15
RIVERNORTH/DOUBLELINE P 2021-09-08 2021-09-17
BLACKROCK 2022 GLOBAL LIQ DIST P 2018-06-08 2021-12-29
CZECH II SENIOR LOAN TRUST K1 P 2010-01-01 2021-12-29
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,316   1,245 71
b 175,000   179,855 -4,855
c 138,702   133,344 5,358
d 57,235   83,807 -26,572
e 100,000   100,000 0
200,000   200,000 0
200,000   200,000 0
75,000   60,919 14,081
252,113   213,638 38,475
1,145     1,145
100,000   88,997 11,003
150,000   150,000 0
200,000   200,000 0
34,697   36,007 -1,310
245,797   200,000 45,797
100,000   103,380 -3,380
28,000   28,561 -561
52     52
88,064   88,064 0
    3,254 -3,254
423,069     423,069
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       71
b       -4,855
c       5,358
d       -26,572
e       0
      0
      0
      14,081
      38,475
      1,145
      11,003
      0
      0
      -1,310
      45,797
      -3,380
      -561
      52
      0
      -3,254
      423,069
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 2 499,119
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 18,165
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 18,165
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 24,362
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 14,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 38,362
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 20,197
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet20,197 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)
    bulletMI
    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
     
    No
    Website addressbulletN/A
    14
    The books are in care ofbulletJO ELYN NYMAN Telephone no.bullet (248) 645-1307

    Located atbullet273 LAKEWOODBLOOMFIELD HILLSMI ZIP+4bullet48304
    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
    BRUCE FRANKEL PRESIDENT AND TRUSTEE
    2.00     		0 0 0
    700 ARDMOOR DRIVE
    BLOOMFIELD,MI48301
    JO ELYN NYMAN VICE PRESIDENT, TREASURER,
    4.00     		0 0 0
    273 LAKEWOOD
    BLOOMFIELD HILLS,MI48304
    GEORGE NYMAN SECRETARY AND TRUSTEE
    2.00     		0 0 0
    273 LAKEWOOD
    BLOOMFIELD HILLS,MI48304
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    19,830,696
    b
    Average of monthly cash balances.......................
    1b
    1,177,719
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    21,008,415
    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
    21,008,415
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    315,126
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    20,693,289
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,034,664
    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
    1,034,664
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    18,165
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    18,165
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,016,499
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,016,499
    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
    1,016,499
    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 1,016,499
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 278,373
    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$ 1,026,000
    a Applied to 2020, but not more than line 2a 278,373
    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..... 747,627
    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 ..........     		268,872
    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).)
    BRUCE FRANKEL
    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
    AFMDA
    20 W 36TH STREET 1100
    NEW YORK,NY10018     		NONE 501(C)(3) NATIONAL AMBULANCE, BLOOD-SERVICE AND DISASTER-RELIEF ORGANIZATION 50,000
    ALZHEIMERS DISEASE RESEARCH
    22512 GATEWAY CENTER DR
    CLARKSBURG,MD20871     		NONE 501(C)(3) ALZHEIMERS RESEARCH 5,000
    AMERICAN DIABETES ASSOCIATION
    1701 NORTH BEAUREGARD STREET
    ALEXANDRIA,VA22311     		NONE 501(C)(3) MEDICAL RESEARCH 50,000
    BEAR HUG FOUNDATION
    139 W MAPLE SUITE F
    BIRMINGHAM,MI48009     		NONE 501(C)(3) OUTDOOR EDUCATIONAL AND RECREATIONAL ACTIVITIES FOR FOSTER CHILDREN 12,000
    CAMP MAK-A-DREAM (FRIENDS OF CHILDRENS ONCOLOGY)
    121 W LONG LAKE ROAD
    BLOOMFIELD HILLS,MI48304     		NONE 501(C)(3) ASSISTANCE FOR CHILDREN AND YOUNG ADULTS WITH CANCER 5,000
    CARE HOUSE OF OAKLAND COUNTY
    44765 WOODWARD AVENUE
    PONTIAC,MI48341     		NONE 501(C)(3) ASSISTANCE FOR ABUSED AND NEGLECTED CHILDREN 100,000
    CHRONS & COLITIS FOUNDATION
    25882 ORCHARD LAKE ROAD SUITE 102
    FARMINGTON HILLS,MI48336     		NONE 501(C)(3) MEDICAL RESEARCH 50,000
    DETROIT RESCUE MISSION
    150 STIMSON ST
    DETROIT,MI48201     		NONE 501(C)(3) REHABILITATION FACILITY 5,000
    FAR CONSERVATORY
    1669 WEST MAPLE ROAD
    BIRMINGHAM,MI48009     		NONE 501(C)(3) ASSISTANCE FOR PEOPLE WITH DISABILITIES 60,000
    HOSPICE OF MICHIGAN (STATE OF MICHIGAN)
    43097 WOODWARD AVE SUITE 102
    BLOOMFIELD HILLS,MI48302     		NONE 501(C)(3) END OF LIFE CARE AND SUPPORT PROGRAMS 300,000
    JARC
    30301 NORTHWESTERN HIGHWAY SUITE
    100
    FARMINGTON HILLS,MI48334     		NONE 501(C)(3) ASSISTANCE FOR PEOPLE WITH DISABILITIES 25,000
    JEWISH FAMILY SERVICES
    6555 W MAPLE RD
    WEST BLOOMFIELD TWP,MI48322     		NONE 501(C)(3) FAMILY SERVICES & SUPPORT GROUPS 5,000
    JEWISH SR LIFE
    6710 W MAPLE RD
    WEST BLOOMFIELD TWP,MI48322     		NONE 501(C)(3) SENIOR HOUSING 25,000
    KADIMA MENTAL HEALTH SERVICES
    15999 W TWELVE MILE RD
    SOUTHFIELD,MI48076     		NONE 501(C)(3) RESIDENTIAL, THERAPEUTIC AND SOCIAL SERVICES FOR PEOPLE WITH MENTAL HEALTH 10,000
    KARMANOS CANCER INSTITUTE
    31995 NORTHWESTERN HIGHWAY
    FARMINGTON HILLS,MI48334     		NONE 501(C)(3) CANCER RESEARCH 5,000
    KIDS KICKING CANCER
    27600 NORTHWESTERN HIGHWAY
    SOUTHFIELD,MI48034     		NONE 501(C)(3) PROVIDES THE NEEDS OF CHILDREN WITH ILLNESS 5,000
    LIGHT HOUSE
    46156 WOODWARD AVE
    PONTIAC,MI48342     		NONE 501(C)(3) EMERGENCY HOUSING AND FOOD BANK 5,000
    MICHIGAN LEAGUE FOR PUBLIC POLICY
    1223 TURNER STREET STE G1
    LANSING,MI48906     		NONE 501(C)(3) ECONOMIC SECURITY AND WELL-BEING FOR PEOPLE IN MICHIGAN 25,000
    PLANNED PARENTHOOD
    PO BOX 3673
    ANN ARBOR,MI48106     		NONE 501(C)(3) SEXUAL AND REPRODUCTIVE HEALTH 25,000
    PROSTATE CANCER FOUNDATION
    1250 FOURTH STREET
    SANTA MONICA,CA90401     		NONE 501(C)(3) PROSTATE CANCER RESEARCH 5,000
    RONALD MCDONALD HOUSE
    4707 SAINT ANTOINE
    DETROIT,MI48201     		NONE 501(C)(3) HOUSING FOR FAMILY OF HOSPITAL PATIENTS 1,000
    SALVATION ARMY
    615 SLATERS LANE
    ALEXANDRIA,VA22314     		NONE 501(C)(3) PROVIDES CARE FOR ALL HUMAN NEEDS 1,000
    SANCTUM HOUSE
    200 W 2ND ST
    ROYAL OAK,MI48068     		NONE 501(C)(3) SAFE HOME FOR SURVIVORS OF HUMAN TRAFFICKING 25,000
    ST JUDES CHILDRENS RESEARCH
    32121 WOODWARD AVE 350
    ROYAL OAK,MI48073     		NONE 501(C)(3) CHILDHOOD CANCER RESEARCH AND TREATMENT 2,000
    YAD EZRA
    2850 W 11 MILE RD
    BERKLEY,MI48072     		NONE 501(C)(3) FOOD BANK 10,000
    BRILLANT DETROIT
    5675 LARKINS STREET
    DETROIT,MI48210     		NONE 501(C)(3) COMMUNITY REHAB OF HOUSING AND FAMILIES 100,000
    BIG BROTHER BIG SISTER
    2502 N ROCKY POINT DR
    TAMPA,FL33607     		NONE 501(C)(3) MENTORING NETWORK 1,000
    JEWISH FEDERATION OF METRO DETROIT
    6735 TELEGRAPH RD
    BLOOMFIELD HILLS,MI48301     		NONE 501(C)(3) HOUSING AND FOOD FOR THE JEWISH COMMUNITY 25,000
    AMERICAN LUNG ASSOCIATION
    1475 E 12 MILE RD
    MADISON HEIGHTS,MI48071     		NONE 501(C)(3) CANCER RESEARCH 5,000
    DETROIT INSTITUTE FOR CHILDREN
    2075 E WEST MAPLE RD
    WALLED LAKE,MI48390     		NONE 501(C)(3) COMMUNITY OUTREACH FOR CHILDREN WITH SPECIAL NEEDS 5,000
    ORT AMERICA
    6735 TELEGRAPH RD
    BLOOMFIELD HILLS,MI48301     		NONE 501(C)(3) EDUCATION SUPPORT 1,000
    HABITAT FOR HUMANITY
    150 OSMUN ST
    PONTIAC,MI48342     		NONE 501(C)(3) HOUSING ORGANIZATION 2,000
    UNIVERSITY OF MICHIGAN
    1230 HUBBARD ST
    ANN ARBOR,MI48109     		NONE 501(C)(3) EDUCATION SUPPORT 40,000
    HADASSAH
    5030 ORCHARD LAKE RD
    WEST BLOOMFIELD,MI48323     		NONE 501(C)(3) JEWSIH COMMUNITY SUPPORT 1,000
    PARKINSON'S FOUNDATION
    PO BOX 61420
    STATEN ISLAND,NY10306     		NONE 501(C)(3) PATIENT SERVICE, AWARENESS AND SUPPORT 5,000
    MEMORIAL SLOAN KETTERING CANCER CENTER
    1275 YORK AVENUE
    MANHATTAN,NY10065     		NONE 501(C)(3) CANCER PATIENT SUPPORT AND RESEARCH 5,000
    HAVEN OF OAKLAND COUNTY
    801 VANGUARD DR
    PONTIAC,MI48341     		NONE 501(C)(3) SEXUAL ASSULT SURVIOR SUPPORT 5,000
    PROJECT HEALTHY COMMUNITY
    18100 MEYERS RD
    DETROIT,MI48235     		NONE 501(C)(3) NUTRITION EDUCATION 15,000
    ORCHARDS CHILDREN SERVICES
    24901 NORTHWESTERN HWY
    SOUTHFIELD,MI48075     		NONE 501(C)(3) FOSTER CARE 5,000
    Total .................................bullet 3a 1,026,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 159,741  
    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 ............     		    14 499,119  
    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 1,336,973 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,336,973
    (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 InvestmentsCorpBondsSchedule
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Name of Bond End of Year Book Value End of Year Fair Market Value
    100000 SHS BANK OF AMERICA 113,272 109,497
    100000 SHS JP MORGAN 107,276 105,500
    100000 SHS PNC FINANCIAL SRV 113,355 99,510
    123000 SHS GENERAL ELEC CAP CORP 107,932 122,385
    2000 SHS FIRST MIDWEST BANCORP 50,000 56,280
    250000 SHS WELLS FARGO & CO 280,255 273,125
    3000 SHS AIR LEASE CORP 75,000 77,880
    4000 SHS ALABAMA POWER CO 100,000 103,360
    4000 SHS ARCH CAPITAL GROUP 100,000 102,880
    4000 SHS BERKLEY WR CORP 100,000 106,800
    4000 SHS CITIZENS FINANCIAL GROUP 100,000 110,280
    4000 SHS ENSTAR GROUP 98,131 118,240
    4000 SHS GABELLI GLOBAL SMALL CAP 98,831 100,640
    4000 SHS SYNCHRONY FINANCIAL 100,000 107,720
    4000 SHS WELLS FARGO 100,000 102,560
    5000 CHARLES SCHWAB CORP 125,000 127,400
    5000 SHS ALLSTATE CORP 125,000 131,650
    57000 SHS JPMORGAN CHASE & CO 67,117 57,285
    6000 SHS AFFILLATED MANAGERS GROUP 150,000 157,920
    6000 SHS AMERICAN FNCL GROUP 150,000 162,000
    6000 SHS BANK OF AMERICA CORP 150,000 157,980
    6000 SHS BANK OF AMERICA CORP HH 150,000 159,480
    6000 SHS CHS INC 150,000 170,880
    6000 SHS FEDERAL AGRICULTURE 150,000 162,429
    6000 SHS FIRST REPUBLIC BANK 150,000 161,820
    6000 SHS JPMORGAN CHASE & CO 150,000 161,280
    6000 SHS SEMPRA ENERGY 150,000 164,040
    6000 SHS SVB FINANCIAL GROUP 150,000 161,220
    77000 SHS GENERAL ELECTRIC 77,968 76,615
    8000 SHS FANNIE MAE NEW MONEY 45,200 19,600
    8000 SHS THE GABELLI MLT MEDIA 200,000 211,200
    1000 SHS QURATE RETAIL INC 100,922 103,220

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1000 SHS EMERSON ELEC CO 44,240 92,970
    1000 SHS GENERAL MOTORS CO 36,325 58,630
    1000 SHS SIEMENS AG 56,817 86,600
    1200 SHS NESTLE S A REP 52,152 168,444
    1500 SHS WASTE MANGEMENT 47,441 250,350
    1500 SHS ZURICH INSURANCE GROUP 45,239 66,000
    2000 SHS COCA COLA 50,156 118,420
    2000 SHS MICROSOFT CORP 51,018 672,640
    2000 SHS RAYONIER INC 65,465 80,720
    2000 SHS UNILEVER PLC 51,538 107,580
    20000 SHS INTL BKT STEPUP 200,000 266,800
    20000 SHS SP500 CLIRNS ISSUER BNS 200,000 255,200
    10000 SHS SX5E LIRN ISSUER WFC 100,000 134,800
    22500 SHS DJIA CLIRNS ISSUERS 225,000 246,960
    3000 SHS INTEL CORP 59,310 154,500
    3000 SHS WEYERHAUEUSER 91,200 123,540
    500 SHS UNITED PARCEL SVC 50,276 107,170
    6000 SHS NISOURCE INC 39,438 165,660
    700 SHS CATERPILLAR 55,916 144,718
    850 SHS DIAGEO PLC SPSD 50,222 187,119
    850 SHS JOHNSON AND JOHNSON 50,633 145,409
    900 SHS KELLOGG CO 47,469 57,978

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

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


    1,732,881
    State & Local Government Securities - End of Year Fair Market Value:


    1,984,239


    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    10756 SHS BLACKROCK CAP ALLOCATION AT COST 208,121 225,557
    11707 SHS OAKMARK GLOBAL SELECT AT COST 204,082 265,861
    10732 SHS NUVEEN TAXABLE MUNI AT COST 198,659 243,616
    12207 VULCAN VALUE PARTNERS AT COST 271,057 348,024
    12041 SHS DOUBLELINE INCOME SOLUTION AT COST 254,398 194,112
    12514 SHS ASHMORE EMERGING AT COST 93,628 80,963
    12269 SHS THE MERGER FUND CL AT COST 194,421 212,498
    14949 SHS DAVIS NEW YORK VENTURE AT COST 502,038 447,561
    12853 SHS PIMCO LOW DURATION FD AT COST 109,383 110,795
    13572 SHS INVESCO HIGH INCOME AT COST 133,910 127,171
    22314 SHS T ROWE PRICE RETIREMENT BALANCED FUND AT COST 352,449 338,281
    17083 SHS ROYCE GLOBAL VALUE AT COST 166,377 224,129
    1433 SHS SPROTT GOLD FUND AT COST 75,000 69,802
    15788 SHS HARTFORD BALANCED INCOME AT COST 220,748 252,925
    14945 SHS NEUBERGER BERMAN LONG SHORT AT COST 175,911 267,518
    1500 SHS BNY MELLON ALCENTRA AT COST 150,000 153,945
    15864 SHS NUVEEN PREFERRED AT COST 255,006 279,674
    16846 SHS COHEN & STEERS AT COST 197,500 202,326
    16060 SHS DOUBLELINE LOW DURATION AT COST 154,960 158,669
    18906 SHS COLUMBIA FLEXIBLE CAPITAL INCOME AT COST 234,911 291,722
    19735 SHS FPA CRESCENT PORT AT COST 554,447 730,410
    18294 SHS SHENKMAN SHORT DURATION AT COST 185,274 183,854
    21043 SHS PRINCIPAL GLOBAL DIVERSIFIED INCOME AT COST 279,754 291,454
    20730 SHS JOHN HANCOCK STRATEGIC INCOME AT COST 227,000 231,137
    20668 SHS JPMORGAN STRATEGIC INCOME AT COST 237,831 237,894
    24683 SHS TORTOISE RESEARCH MLP & ENERGY INCOME AT COST 201,110 161,178
    23074 SHS JP MORGAN INCOME BUILDER AT COST 243,750 257,741
    22306 SHS ANGEL OAK AT COST 242,140 229,304
    25815 SHS EATON VANCE RCHRD BRSTN AT COST 353,175 499,256
    8824 SHS PIMCO INCOME FUND AT COST 105,406 105,360
    24891 SHS ALLSPRING ABSOLUTE RETURN AT COST 258,138 261,111
    171 SHS PMF TEI FUND AT COST 17,060 23,853
    26252 SHS PIMCO SHORT TERM AT COST 253,914 256,478
    3301 SHS FIRST EAGLE GOLD FUND AT COST 77,211 78,365
    4287 SHS MATTHEWS ASIA DIVIDEND AT COST 73,426 81,189
    38052 SHS VIRTUS MULTI SECTOR AT COST 180,542 179,606
    38573 SHS LORD ABBETT SHORT DURATION AT COST 156,425 160,079
    39651 SHS EATON VANCE SHT DURT STRATEGIC INCOME AT COST 299,819 282,321
    44081 SHS PIMCO ALL ASSET AT COST 428,471 364,112
    39170 SHS T ROWE PRICE SHORT TERM AT COST 188,425 187,233
    4531 SHS JENSEN QUALITY GROWTH AT COST 190,089 305,680
    7371 SHS NUVEEN REAL ASSET INC AT COST 174,218 177,415
    5000 SHS RIVERNORTH/DOUBLELINE AT COST 88,823 71,000
    5362 SHS NUVEEN PFD AT COST 132,474 131,735
    5836 SHS KINETICS PARADIGM FUND AT COST 206,319 410,995
    6270 SHS COLUMBIA DIVIDEND INCOME AT COST 158,283 198,251
    6688 SHS PIMCO ENERGY AT COST 111,059 86,144
    7635 SHS MATTHEWS JAPAN FUND AT COST 155,471 168,973
    7508 SHS LYRICAL US VALUE EQUITY AT COST 126,232 172,676
    8486 SHS DOUBLELINE YIELD OPP AT COST 167,643 158,697
    8809 SHS FIRST EAGLE GLOBAL AT COST 460,619 571,340
    10615 SHS BLACKROCK CAP ALLOCATION AT COST 212,836 206,464
    6037 SHS NUVEEN REAL ASSET INCOME AT COST 94,169 97,315
    10538 SHS PIMCO DYNAMIC AT COST 210,908 206,126
    7749 SHS BLACKROCK INNOVATION AT COST 154,558 112,668
    7500 SHS GUGGENHEIM AT COST 150,000 149,700

    TY 2021 OtherAssetsSchedule
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    BASIS ADJUSTMENTS - OTHER INVESTMENTS 76,961 6 6
    BASIS ADJUSTMENT - CZECH II -220,250 0 0
    BASIS ADJUSTMENT - PMF 20,994    


    TY 2021 OtherDecreasesSchedule
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Description Amount
    CZECH II BASIS ADJUSTMENTS 168,342


    TY 2021 OtherExpensesSchedule
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEE 20 0   0
    BOND PREMIUM AMORTIZATION 2,208 0   0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT AND ADVISORY FEES 69,353 0   0


    TY 2021 TaxesSchedule
    Name:
    THE SAMUEL AND JEAN FRANKEL
     
    HEALTH AND RESEARCH FOUNDATION
    EIN:
    30-0095044
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD 3,586 0   0
    FEDERAL EXCISE TAX 15,000 0   0