TY 2021 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2021

Open to Public Inspection

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

Name of foundation
PHILIP M FRIEDMANN FAMILY CHARITABLE
TRUST DTD 11/09/98

Number and street (or P.O. box number if mail is not delivered to street address)2430 N LAKEVIEW
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60614

A Employer identification number

36-7252117

B Telephone number (see instructions)

(312) 794-8481

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$34,214,168J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	3,768		3,768
4	Dividends and interest from securities...	583,996		583,951
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,707,139
b	Gross sales price for all assets on line 6a 3,848,618
7	Capital gain net income (from Part IV, line 2)...			2,707,139
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).......		303,798	323,742
12	Total. Add lines 1 through 11........	3,598,701		3,618,600
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).......		4,620	4,620	0
c	Other professional fees (attach schedule)....		12,000	12,000	0
17	Interest...............	4		4	0
18	Taxes (attach schedule) (see instructions)...		60,868	6,786	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		240,301	199,960	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	317,793		223,370	0
25	Contributions, gifts, grants paid.......	1,455,893			1,455,893
26	Total expenses and disbursements. Add lines 24 and 25	1,773,686		223,370	1,455,893
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,825,015
b	Net investment income (if negative, enter -0-)			3,395,230
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	147,056	54,272	54,272
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	23,080,238	24,997,891	34,159,896
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	23,227,294	25,052,163	34,214,168
	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 )	970	824
	23	Total liabilities (add lines 17 through 22).........	970	824
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	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	23,226,324	25,051,339
	29	Total net assets or fund balances (see instructions).....	23,226,324	25,051,339
	30	Total liabilities and net assets/fund balances (see instructions).	23,227,294	25,052,163

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

23,226,324

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

1,825,015

Other increases not included in line 2 (itemize) bullet

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

25,051,339

Decreases not included in line 2 (itemize) bullet

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

25,051,339

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	Echo Street Goodco Select II LP-ST	P	2021-01-01	2021-12-31
b	Echo Street Goodco Select II LP-LT	P	2020-01-01	2021-12-31
c	GoldenTree OffShore Fund-PFIC LT	P	2020-01-01	2021-12-31
d	OCM Opport. Fund VII (Cayman) Ltd-Oaktree Capital Mngmnt LP-PFIC LT	P	2020-01-01	2021-12-31
e	FNZ Trust/State Street#0266-ST	P	2021-01-01	2021-12-31
	FNZ Trust/State Street#0266-LT	P	2020-01-01	2021-12-31
	Adage Capital Partners LP - ST	P	2021-01-01	2021-12-31
	Adage Capital Partners LP - LT	P	2020-01-01	2021-12-31
	Adage Capital Partners LP - 1256 Contracts 40% ST	P	2021-01-01	2021-12-31
	CommonFund Capital Private Equity-ST	P	2021-01-01	2021-12-31
	CommonFund Capital Private Equity-LT	P	2020-01-01	2021-12-31
	CommonFund Capital Private Equity-1231	P	2020-01-01	2021-12-31
	CommonFund Capital Intl Prtnrs VI - LT	P	2020-01-01	2021-12-31
	MREP Global VI LP-LT	P	2020-01-01	2021-12-31
	MREP Global VI LP-Sec 1231	P	2020-01-01	2021-12-31
	Sigular Guff Dist Opp Fund-ST	P	2021-01-01	2021-12-31
	Sigular Guff Dist Opp Fund-LT	P	2020-01-01	2021-12-31
	Strategic Real Estate Fund III LP-Sec 1231	P	2020-01-01	2021-12-31
	Adage Capital Partners LP - 1256 Contracts 60% LT	P	2020-01-01	2021-12-31
	Strategic Real Estate Fund III LP-LT	P	2020-01-01	2021-12-31
	950 shs of Royalty Pharma Stock via Siguler Guff Distressed Oppt Fund III	P	2020-01-01	2021-12-31
	Capital Gains Dividends	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	59,237		59,237
b	184,839		184,839
c	192,144		192,144
d	52		52
e	79,198	77,148	2,050
	1,198,190	1,035,525	162,665
	590,040		590,040
	901,609		901,609
	7,316		7,316
		211	-211
	16,516		16,516
	115		115
	5,850		5,850
	19,919		19,919
	947		947
		7	-7
	18,545		18,545
		357	-357
	10,973		10,973
		542	-542
	30,592	27,689	2,903
	532,536		532,536

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			59,237
b			184,839
c			192,144
d			52
e			2,050
			162,665
			590,040
			901,609
			7,316
			-211
			16,516
			115
			5,850
			19,919
			947
			-7
			18,545
			-357
			10,973
			-542
			2,903
			532,536

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	2,707,139
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Form 990-PF (2021)

Page 4

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	47,194
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	47,194
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	71,507
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	100,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	171,507
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	124,313
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax124,313	Refunded	11	0

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

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

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

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

Yes

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

Yes

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

and addresses. Click to see attachment

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

Yes

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

PHILIP M FRIEDMANN Telephone no. bullet

(312) 794-8481

Located at bullet

2430 N LAKEVIEWChicagoIL ZIP+4 bullet

60614

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2021? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2021, did the foundation have any undistributed income (lines 6d

and 6e, Part XII) for tax year(s) beginning before 2021?....................

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2021.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
PHILIP M FRIEDMANN	TRUSTEE 10.00	0	0	0
2430 N LAKEVIEW CHICAGO,IL60614	TRUSTEE 10.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2021)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2021)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

14,549,695

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

933,167

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

17,163,692

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

32,646,554

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

32,646,554

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

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

489,698

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

32,156,856

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

1,607,843

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

1,607,843

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

47,194

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

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

47,194

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

1,560,649

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

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

1,560,649

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

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

1,560,649

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7				1,560,649
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......			1,333,727
b Total for prior years:2019, 20, 20		13,607
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: $ 1,455,893
a Applied to 2020, but not more than line 2a			1,333,727
b Applied to undistributed income of prior years (Election required—see instructions).....		13,607
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2021 distributable amount.....				108,559
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 ..........				1,452,090
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)

Page 10

Part XIII

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

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

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

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

PHILIP M FRIEDMANN

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2021)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
See attached schedule See attached See Attached,IL60605	None	N/A	GENERAL/UNRESTRICTEDGENERAL/UNRESTRICTED	1,455,893
Total ................................. 3a				1,455,893

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	3,768
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	2,707,139
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		3,598,701	0

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

3,598,701

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2021)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

PHILIP M FRIEDMANN FAMILY CHARITABLE

TRUST DTD 11/09/98

EIN:

36-7252117

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accounting Fees	4,620	4,620		0

- TIN:

TY 2021 AppliedToPriorYearElection

Name:

PHILIP M FRIEDMANN FAMILY CHARITABLE

TRUST DTD 11/09/98

EIN:

36-7252117

Election:

The taxpayer hereby elects, pursuant to Section 4942(h)(2) and Treas. Reg. 53.4942(a)-3(d)(2), to treat $13,607 of qualifying 2021 distribution as made out of the undistributed income of 2019.

- TIN:

TY 2021 GeneralExplanationAttachment

Name:

PHILIP M FRIEDMANN FAMILY CHARITABLE

TRUST DTD 11/09/98

EIN:

36-7252117

Identifier	Return Reference	Explanation
Detailed information regarding Grants and Contributions made in 2021	Form 990-PF Part XV Page 11 Line 3A	Please see details of grants/contributions made in 2021:Date Name Address Amount 02/23/2021 Univ.of Utah Center of Genomic Medicine Salt Lake City, UT 1,000.0003/23/2021 Camera Washington, DC 25,000.0003/25/2021 AJC Chicago, IL 25,000.0004/28/2021 Team Blueline Senoia,GA 1,000.0004/28/2021 Teach for America New York, NY 5,000.0004/28/2021 The Chicago Community Trust Unity Fund Chicago, IL 1,000.0004/28/2021 Guide Dog Foundation Smithtown, NY 1,000.0004/28/2021 Golf Fore Africa Chicago, IL 5,000.0004/28/2021 Tunnel to Towers Philadelphia, PA 10,000.0004/28/2021 The Ark Chicago, IL 1,000.0005/13/2021 Francis W. Parker School Chicago, IL 30,000.0006/10/2021 Judicial Watch Pueblo, CO 25,000.0006/10/2021 Volunteers In Medicine Clinic Alexandria, VA 1,000.0006/10/2021 Manhattan Inst. for Policy Research New York, NY 10,000.0006/10/2021 Coalition to Salute America's Heroes Wilton , CT 5,000.0006/10/2021 Communio Alexandria, VA 500.0006/10/2021 Daniel Murphy Scholorship Foundation Chicago, IL 10,000.0006/10/2021 Shirley Ryan Ability Center Chicago, IL 20,000.0006/10/2021 Capital Research Center Washington, DC 10,000.0006/17/2021 Freedom Center Washington, DC 1,000.0006/17/2021 K9 for Warriors Ponte Vedra Beach, FL 1,000.0006/17/2021 Kids First Chicago Chicago, IL 2,500.0006/17/2021 Pacific Research Institute Pasadena, CA 1,000.0006/17/2021 American Council on Science and Health New York, NY 1,000.0006/17/2021 Clare Boothe Luce Merrifield, VA 15,000.0006/17/2021 Freedom Center Washington, DC 1,000.0006/17/2021 Independent Institute Washington, DC 10,000.0007/14/2021 CFACT Washington, DC 1,000.0007/14/2021 Capital Research Center Washington, DC 1,500.0007/15/2021 Institute for Humane Studies Arlington, VA 10,000.0007/15/2021 BIG Shoulders Fund Chicago, IL 15,000.0007/15/2021 The Amherst Fund Arbor, MI 1,821.0007/26/2021 Project K9 Hero Detroit, MI 100.0007/26/2021 The Heartland Institute Arlington Heights, IL 5,000.0007/26/2021 Disabled American Veterans Defiance, OH 200.0007/26/2021 Israel Cancer Research Fund New York, NY 2,500.0007/26/2021 Mutts with a Mission Ruckersville, VA 1,000.0007/26/2021 Hillel - Fdn for Jewish Life Washington, DC 5,000.0007/26/2021 Simon Wiesenthal Center Los Angeles, CA 25,000.0007/26/2021 Project K9 Hero Detroit, MI 500.0007/26/2021 The Hudson Institute Washington, DC 20,000.0007/26/2021 Paralyzed Veterans of America Washington, DC 1,000.0007/26/2021 Paws of War Nesconset, NY 500.0008/09/2021 GoFundMe Redwood City, CA 5,000.0008/26/2021 Capital Research Center Washington, DC 10,000.0008/26/2021 American Jewish World Service New York, NY 1,000.0008/26/2021 Anti-Defamation League Chicago, IL 20,000.0008/26/2021 Fire Philadelphia, PA 10,000.0008/26/2021 Institute for Justice Arlington, VA 10,000.0008/26/2021 Jennie Litvack Memorial Fund Washington, DC 2,500.0008/26/2021 Lakeview Pantry Chicago, IL 10,000.0008/26/2021 Maywood Fine Arts Maywood, IL 2,500.0008/26/2021 Media Research Center Alexandria, VA 25,000.0008/26/2021 The Nigat Ministry Chicago, IL 1,000.0008/26/2021 Parents Television Council Los Angeles, CA 10,000.0008/26/2021 Partners In Health Boston, MA 5,000.0008/26/2021 Shoah Foundation Institute Los Angeles, CA 10,000.0008/26/2021 Shriners Hospitals for Children Tampa, FL 5,000.0008/26/2021 Stand with Us Los Angeles, CA 20,000.0008/26/2021 Tunnel to Towers Staten Island, NY 10,000.0008/26/2021 Turning Point USA Lemont, IL 25,000.0008/26/2021 World Jewish Congress New York, NY 25,000.0008/26/2021 YMEN Chicago, IL 2,500.0008/26/2021 Zionist Organization of America New York, NY 20,000.0008/26/2021 Leadership Institute Chicago, IL 10,000.0008/26/2021 National Center for Pub. Policy Research Washington, DC 1,000.0008/26/2021 George Mason University Foundation Fairfax, VA 20,000.0008/26/2021 International Fellowship of Christians Chicago, IL 500.0008/26/2021 Evans Scholars Foundation Golf, IL 5,000.0008/26/2021 Camera Washington, DC 5,000.0009/23/2021 The Beverly Caddy Scholarship Fund Chicago, IL 500.0010/04/2021 Mutts with a Mission Ruckersville, VA 1,000.0010/04/2021 US Holocaust Chicago, IL 0.0010/04/2021 George Mason University Foundation Fairfax, VA 10,000.0010/04/2021 US Holocaust Chicago, IL 1,000.0010/04/2021 Paws of War Nesconset, NY 500.0010/04/2021 AJC Chicago, IL 1,000.0010/04/2021 WJC American Section Washington, DC 10,000.0010/04/2021 The Hudson Institute Washington, DC 10,000.0010/04/2021 Claremont Institute Claremont, CA 500.0010/26/2021 American Foundation of Police Washington, DC 500.0010/26/2021 American Indian College Fund Denver, CO 500.0010/26/2021 Brain Research Foundation Chicago, IL 5,000.0010/26/2021 Coalition to Salute America's Heroes Wilton , CT 1,000.0010/26/2021 Doctors Without Borders New York, NY 1,000.0010/26/2021 Foundation for Economic Education Atlanta, GA 5,000.0010/26/2021 Fund for American Studies Washington, DC 5,000.0010/26/2021 Goldwater Institute Phoenix, AZ 2,500.0010/26/2021 Judicial Watch Pueblo, CO 10,000.0010/26/2021 Lakeview Pantry Chicago, IL 1,000.0010/26/2021 Meals on Wheels Chicago Chicago, IL 1,000.0010/26/2021 Memorial Sloan Kettering Cancer Center New York, NY 10,000.0010/26/2021 Marine Corps Scholarship Foundation Alexandria, VA 1,000.0010/26/2021 Ed Choice Indianapolis, Indiana 5,000.0010/26/2021 Operation Homefront San Antonio, TX 500.0010/26/2021 Park City Community Foundation Park City, UT 500.0010/26/2021 William F. Buckley Program New Haven, CT 1,000.0011/18/2021 Oshkosh Lourdes Academy Oshkosh, WI 250.0011/18/2021 Holy Family Congregation Fond Du Lac, WI 250.0011/18/2021 Independent Institute Washington, DC 10,000.0011/18/2021 The Hudson Institute Washington, DC 10,000.0011/18/2021 Greater Chicago Food Depository Chicago, IL 25,000.0011/18/2021 Lincoln Park Conservancy Chicago, IL 2,500.0011/18/2021 Hillel International Washington, DC 2,500.0011/18/2021 George Mason University Foundation Fairfax, VA 20,000.0011/18/2021 Wounded Warrior Project Omaha, NE 1,000.0011/18/2021 Doctors Without Borders New York, NY 1,500.0011/18/2021 Mercatus Center, George Mason University Arlington, VA 10,000.0011/18/2021 Parents Television Council Los Angeles, CA 10,000.0011/18/2021 Ed Choice Indianapolis, Indiana 5,000.0011/18/2021 Clare Boothe Luce Merrifield, VA 1,000.0011/18/2021 Freedom Works Washington, DC 2,500.0011/18/2021 State Policy Network Arlington, VA 5,000.0011/18/2021 Bill of Rights Institute Arlington, VA 2,500.0011/18/2021 Leadership Institute Chicago, IL 10,000.0011/18/2021 The Fund for American Studies Washington, DC 10,000.0011/18/2021 Foundation Fighting Blindness Columbia, MD 1,000.0011/18/2021 Tunnel to Towers Staten Island, NY 10,000.0011/18/2021 Institute for Humane Studies Arlington, VA 10,000.0011/18/2021 Huntsman Cancer Foundation Salt Lake City, UT 1,000.0011/18/2021 SOS Outreach Avon, CO 300.0011/18/2021 Open the Books Chicago, IL 1,000.0011/29/2021 Stand with Us Los Angeles, CA 10,000.0011/30/2021 Access Living Chicago, IL 5,000.0011/30/2021 American Jewish Committee New York, NY 1,000.0011/30/2021 American Enterprise Institute Washington, DC 10,000.0011/30/2021 AJC Chicago, IL 20,000.0011/30/2021 Anti-Defamation League Chicago, IL 10,000.0011/30/2021 Big Brothers & Big Sisters Chicago, IL 5,000.0011/30/2021 BIG Shoulders Fund Chicago, IL 5,000.0011/30/2021 Bright Prospect Pomona, CA 1,000.0011/30/2021 CATO Washington, DC 50,000.0011/30/2021 The Center for Enriched Living Riverwoods, IL 10,000.0011/30/2021 Chicago Jesuit Academy Chicago, IL 15,000.0011/30/2021 Clare Boothe Luce Merrifield, VA 5,000.0011/30/2021 David Horowitz Freedom Center Sherman Oaks, CA 5,000.0011/30/2021 Down Syndrome Assoc. of Orange County Costa Mesa, CA 2,500.0011/30/2021 Field Museum Chicago, IL 5,000.0011/30/2021 Greater Chicago Food Depository Chicago, IL 20,000.0011/30/2021 The Heritage Foundation Washington, DC 25,000.0011/30/2021 Huntsman Cancer Foundation Salt Lake City, UT 1,500.0011/30/2021 Illinois Holocaust Museum and Ed. Ctr. Chicago, IL 5,000.0011/30/2021 Illinois Policy Institute Chicago, IL 5,000.0011/30/2021 The Independent Women's Forum Washington, DC 5,000.0011/30/2021 Lakeview Pantry Chicago, IL 5,000.0011/30/2021 Lincoln Park Zoo Chicago, IL 1,000.0011/30/2021 Manhattan Inst. for Policy Research New York, NY 5,000.0011/30/2021 Maywood Fine Arts Maywood, IL 1,000.0012/01/2021 Jewish United Fund Chicago, IL 972.0012/02/2021 Media Research Center Alexandria, VA 10,000.0012/02/2021 Mercatus Center, George Mason University Arlington, VA 5,000.0012/02/2021 Park City Community Foundation Park City, UT 1,000.0012/02/2021 Temple Sholom Chicago, IL 5,000.0012/02/2021 Atlas Economic Research Fdn. Arlington, VA 0.0012/02/2021 Chicago Youth Programs Chicago, IL 500.0012/02/2021 Ed Choice Indianapolis, Indiana 5,000.0012/02/2021 Golf Fore Africa Chicago, IL 1,000.0012/02/2021 Herobox Tyrone, GA 1,000.0012/02/2021 Homes for Veterans Harrington Park, NJ 1,000.0012/02/2021 International Leadership Council Nyack, NY 25,000.0012/02/2021 Spertus Institute Chicago, IL 1,000.0012/02/2021 Judicial Watch Pueblo, CO 15,000.0012/02/2021 Doctors Without Borders New York, NY 1,000.0012/02/2021 Merit School of Music Chicago, IL 2,000.0012/02/2021 Francis W. Parker School Chicago, IL 1,000.0012/02/2021 Partners In Health Boston, MA 5,000.0012/02/2021 PAWS Chicago Chicago, IL 1,000.0012/02/2021 Prostate Cancer Santa Monica, CA 1,000.0012/02/2021 Wounded Warrior Project Omaha, NE 5,000.0012/02/2021 BIG Shoulders Fund Chicago, IL 5,000.0012/02/2021 Washington Institute Washington, DC 200,000.0012/09/2021 Temple Sholom Chicago, IL 5,000.0012/09/2021 AJC Chicago, IL 5,000.0012/14/2021 Temple Sholom Chicago, IL 0.0012/14/2021 Prager University Foundation Hilmar, CA 1,000.0012/16/2021 Atlas Economic Research Fdn. Arlington, VA 5,000.0012/16/2021 Evans Scholars Foundation Golf, IL 9,000.0012/16/2021 Lakeview Pantry Chicago, IL 10,000.0012/17/2021 Foundation for Neurologic Diseases Brookline, MA 10,000.0012/17/2021 National Abilities Center Park City, UT 1,000.0012/17/2021 Communio Alexandria, VA 1,000.0012/17/2021 Open the Books Chicago, IL 5,000.0012/17/2021 Pacific Garden Mission Chicago, IL 1,000.0012/17/2021 CATO Washington, DC 25,000.0012/28/2021 Project Veritas Mamaroneck, NY 5,000.0012/28/2021 The Salvation Army Chicago, IL 10,000.0012/28/2021 Foundation for Economic Education Atlanta, GA 5,000.0012/28/2021 SGA Youth and Family Services Chicago, IL 5,000.0012/29/2021 Disabled Patriot Fund Orland Park, IL 5,000.0012/29/2021 Montessori School of Englewood Chicago, IL 5,000.00 1,455,893.00

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

PHILIP M FRIEDMANN FAMILY CHARITABLE

TRUST DTD 11/09/98

EIN:

36-7252117

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Vanguard Fund Investments	AT COST	992,607	3,705,070
Commonfund Capital Private Equity Ptnrs Fund VII-via K-1	AT COST	14,175	57,660
State Street-Fixed Income Funds	AT COST	5,456,660	5,461,840
Tiff Multi Asset Fund Thru State Street	AT COST	2,611,616	2,727,946
Commonfund Capital International Ptnrs Fund VI via K-1	AT COST	60,106	99,425
Strategic Real Estate Fund III- via K-1	AT COST	46,203	18,116
State Street-Money Funds	AT COST	193,101	193,101
State Street-Other Equities	AT COST	3,712,124	5,009,261
State Street-Mutual Funds	AT COST	580,565	604,734
Adage Capital Partners via K-1	AT COST	5,658,679	7,981,852
Siguler Guff Distressed Opps Fd III via K-1	AT COST	0	17,687
PFICs (GoldenTree Inv't & Oaktree OCM Opp Fd VII)	AT COST	2,102,420	2,802,163
Spring Health/Windhorse Internationsl LtdWindhorse Internationsl Ltd	AT COST	40,000	40,000
Thirteen Offshore Fund Ltd	AT COST	900,000	1,534,208
Metropolitan Real Estate Partners Global VI	AT COST	144,316	176,022
Siguler Guff Distressed Opps Fd III Receivable	AT COST	106,873	106,873
Strategic Real Estate Fund III Receivable	AT COST	16,154	16,154
Charles Schwab Money Market	AT COST	34,604	34,604
Other Receivable	AT COST	1,868	1,868
Echo Street Goodco II LP	AT COST	1,397,404	2,227,539
Strategic Partners Offshore VIII	AT COST	407,090	822,447
Adage Capital Partners Receivable	AT COST	500,000	500,000
Flexpoint Ford Receivable	AT COST	16,674	16,674
PMF Fam Trust Rec	AT COST	4,652	4,652

- TIN:

TY 2021 OtherExpensesSchedule

Name:

PHILIP M FRIEDMANN FAMILY CHARITABLE

TRUST DTD 11/09/98

EIN:

36-7252117

Description	Revenue and Expenses per Books	Net Investment Income
Investment Advisory Fees-Brownson, Rehmus & Foxworth	80,000	80,000
Strategic Real Estate Fund III-Deductions	1,077	1,077
State Street Fees	6,527	6,527
Commonfund Capital Private Equity Partners Fund VII-Deductions	1,789	1,789
Commonfund Capital International Partners VI-Expenses	779	779
Adage Capital Partners LP-Via K-1-Expenses	85,672	85,672
Bank Charges	295	295
Office Expenses	179	179
Siguler Guff Distressed Opportunities Fund III-Deductions	1,097	1,097
MREP Global VI-Deductions	3,568	3,568
Echo Street Goodco Select II LP	18,962	18,962
AG 990 Filing Fee	15	15
Other Book Adj	40,341	0

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

PHILIP M FRIEDMANN FAMILY CHARITABLE

TRUST DTD 11/09/98

EIN:

36-7252117

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Strategic Real Estate Fund III-Ordinary	58	58	58
Strategic Real Estate Fund III-R/E	-508	-508	-508
Strategic Real Estate Fund III-Other Income	-127	-127	-127
Commonfund Capital Private Equity Partners VII-Other Income	168	168	168
Adage Capital Partners LP-Other Income	18,567	18,567	18,567
Siguler Guff Distressed Opportunities Fund III-N/D Expense	-4	0	-4
Siguler Guff Distressed Opportunities Fund III- Other Income	37	37	37
Commonfund Capital Private Equity Partners Fund VII-N/D Expense	-23	0	-23
Siguler Guff Distressed Opportunities Fund III- Royalty	2	2	2
Commonfund Capital Private Equity Partners Fund VII-Ordinary/Rental	292	292	292
Commonfund Capital International Partners VI-Other Income	-17	-17	-17
MREP Global VI-Other Income	981	981	981
MREP Global VI-Ord/Rental	-827	-827	-827
GoldenTree Offshore Fund	292,123	292,123	292,123
Siguler Guff Distressed Opportunities Fund III- Ord/ Rental	-60	-60	-60
Commonfund Capital Private Equity Partners Fund VII-Royalties	6	6	6
State Street Timing difference	2,790	0	2,790
Echo Street Goodco Select II LP-Other Income	12,786	12,786	12,786
OCM Opport. Fund VII (Cayman) Ltd-Oaktree Capital Mngmnt LP-Ordinary	66	66	66
Commonfund Capital International Partners VI-N/D Expense	-68	0	-68
Other Misc. Income	195	195	195
Siguler Guff Distressed Opportunities Fund III-Book Adj	-22,639	0	-22,639

- TIN:

TY 2021 OtherLiabilitiesSchedule

Name:

PHILIP M FRIEDMANN FAMILY CHARITABLE

TRUST DTD 11/09/98

EIN:

36-7252117

Description	Beginning of Year - Book Value	End of Year - Book Value
Credit Card	970	824

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

PHILIP M FRIEDMANN FAMILY CHARITABLE

TRUST DTD 11/09/98

EIN:

36-7252117

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Consulting Fees	12,000	12,000		0

- TIN:

TY 2021 SubstantialContributorsSch

Name:

PHILIP M FRIEDMANN FAMILY CHARITABLE

TRUST DTD 11/09/98

EIN:

36-7252117

Name	Address
PHILIP M FRIEDMANN	2430 N LAKEVIEW CHICAGO,IL60614

- TIN:

TY 2021 TaxesSchedule

Name:

PHILIP M FRIEDMANN FAMILY CHARITABLE

TRUST DTD 11/09/98

EIN:

36-7252117

Category	Amount	Net Investment Income
State Street Bank-Foreign Taxes Paid	5,327	5,327
Strategic Real Estate Fund III-Foreign Taxes	101	101
Commonfund Capital International VI- Foreign Taxes	9	9
Adage Capital Partners LP- Foreign Tax Paid	941	941
Commonfund Capital Private Equity Partners VII- Foreign Taxes	10	10
Echo Street Goodco Select II LP-Foreign Taxes	393	393
Siguler Guff Distressed Opportunities Fund III-Foreign Tax Paid	5	5
Federal Tax	54,082	0