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
WAITT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1397
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NORTH SIOUX CITY, SD57049
A Employer identification number

46-0428166
B Telephone number (see instructions)

(605) 232-9929
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$157,175,219J 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 1,443 1,443  
4 Dividends and interest from securities... 2,389,291 2,389,291  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 3,540,663
b Gross sales price for all assets on line 6a 20,305,942
7 Capital gain net income (from Part IV, line 2)... 7,058,886
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 78,427 320,655  
12 Total. Add lines 1 through 11........ 6,009,824 9,770,275  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 205,595 0   205,595
14 Other employee salaries and wages...... 444,364 0   447,059
15 Pension plans, employee benefits....... 64,855 0   64,855
16a Legal fees (attach schedule)......... Click to see attachment 115 0   115
b Accounting fees (attach schedule)....... Click to see attachment 61,208 0   61,208
c Other professional fees (attach schedule).... Click to see attachment 787,017 366,717   427,812
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 110,264 28,193   45,590
19 Depreciation (attach schedule) and depletion... 52,700 0  
20 Occupancy.............. 179,876 0   167,303
21 Travel, conferences, and meetings....... 126,907 0   126,907
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 156,799 0   169,997
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,189,700 394,910   1,716,441
25 Contributions, gifts, grants paid....... 8,879,416 8,879,416
26 Total expenses and disbursements. Add lines 24 and 25 11,069,116 394,910   10,595,857
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,059,292
b Net investment income (if negative, enter -0-) 9,375,365
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............. 535,496 239,469 239,469
2 Savings and temporary cash investments......... 9,206,828 6,651,401 6,651,401
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 19,462 18,906 18,906
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 33,460,333 Click to see attachment41,722,380 41,722,380
c Investments—corporate bonds (attach schedule)....... 42,845,789 Click to see attachment29,775,374 29,775,374
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 65,851,865 Click to see attachment77,663,496 77,663,496
14 Land, buildings, and equipment: basis bullet336,651
Less: accumulated depreciation (attach schedule) bullet239,229 149,079 Click to see attachment97,422 97,422
15 Other assets (describe bullet) Click to see attachment117,579 Click to see attachment1,006,771 Click to see attachment1,006,771
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 152,186,431 157,175,219 157,175,219
Liabilities 17 Accounts payable and accrued expenses.......... 269,560 278,151
18 Grants payable................. 600  
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)......... 270,160 278,151
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........... 151,916,271 156,897,068
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 151,916,271 156,897,068
30 Total liabilities and net assets/fund balances (see instructions). 152,186,431 157,175,219
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
151,916,271
2
Enter amount from Part I, line 27a .....................
2
-5,059,292
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
10,040,089
4
Add lines 1, 2, and 3 ..........................
4
156,897,068
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
156,897,068
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a CAPITAL GAINS FROM PUBLICLY TRADED SECURITIES   2021-01-01 2021-12-31
b CAPITAL GAINS FROM PARTNERSHIPS P 2021-01-01 2021-12-31
c CAPITAL GAINS FROM SALE OF PTP P 2021-01-01 2021-12-31
d
e
(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 20,305,942   16,763,078 3,542,864
b       3,520,856
c       -4,834
d
e
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       3,542,864
b       3,520,856
c       -4,834
d
e
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 7,058,886
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........................... 3 130,318
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- ..... 5 130,318
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 33,362
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 110,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 143,362
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 13,044
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet13,044 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA, SD
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.WAITTFOUNDATION.ORG
    14
    The books are in care ofbulletJOSH SHERER Telephone no.bullet (605) 232-9929

    Located atbulletPO BOX 1397NORTH SIOUX CITYSD ZIP+4bullet57049
    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)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    HAILEY WAITT DIRECTOR
    0.50     		0 0 0
    7817 IVANHOE AVE SUITE 300
    LA JOLLA,CA92037
    SHANE HARTNETT DIRECTOR
    2.00     		0 0 0
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049
    MAX WAITT DIRECTOR
    0.50     		0 0 0
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049
    MARK DICKEY SECRETARY
    2.00     		0 0 0
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049
    JOSH SHERER TREASURER
    2.00     		0 0 0
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049
    DAVE RUSSELL VICE CHAIRMAN/DIRECTOR
    0.50     		0 0 0
    7817 IVANHOE AVE SUITE 300
    LA JOLLA,CA92037
    THEODORE W WAITT CHAIRMAN/DIRECTOR
    6.00     		0 0 0
    7817 IVANHOE AVE SUITE 300
    LA JOLLA,CA92037
    CHERIE PROTHRO-SHEA MANAGING DIRECTOR
    40.00     		173,944 31,127 524
    7817 IVANHOE AVE SUITE 300
    LA JOLLA,CA92037
    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
    THOMAS GRUESKIN PROGRAM DIRECTOR
    40.00     		185,706 38,776 831
    7817 IVANHOE AVE STE 300
    LA JOLLA,CA92037
    TAMARA MARSHALL OPERATIONS MANAGER
    40.00     		134,864 4,219 24,374
    7817 IVANHOE AVE STE 300
    LA JOLLA,CA92037
    SHAYNA BRODY MEDIA & COMMS DIRECT
    40.00     		103,507 3,142 6,127
    7817 IVANHOE AVE STE 300
    LA JOLLA,CA92037
    JENNIFER AADNES ADMINISTRATIVE ASSIS
    40.00     		96,433 7,398 133
    7817 IVANHOE AVE STE 300
    LA JOLLA,CA92037
    CANON PURDY COMMUNICATIONS SPECI
    40.00     		75,713 2,310 7,162
    7817 IVANHOE AVE STE 300
    LA JOLLA,CA92037
    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
    LA JOLLA LLC RENT 173,610
    1801 W OLYMPIC BLVD
    PASADENA,CA91199
    RSM US LLP AUDIT SERVICES 61,256
    5155 PAYSPHERE CIRCL
    CHICAGO,IL60674
    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
    113,831,669
    b
    Average of monthly cash balances.......................
    1b
    7,322,167
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    121,153,836
    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
    121,153,836
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,817,308
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    119,336,528
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    5,966,826
    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
    5,966,826
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    130,318
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    130,318
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,836,508
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,836,508
    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
    5,836,508
    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 5,836,508
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 3,158,416
    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$ 10,595,857
    a Applied to 2020, but not more than line 2a 3,158,416
    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..... 5,836,508
    e Remaining amount distributed out of corpus 1,600,933
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,600,933
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		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 ......     		1,600,933
    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.... 1,600,933
    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).)
    THEODORE W WAITT
    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 e-mail address of the person to whom applications should be addressed:
    CHERIE PROTHRO-SHEA
    PO BOX 1948
    LA JOLLA,CA92038
    (858) 551-4400
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT APPLICATIONS ARE ACCEPTED FOR WF'S RAPID OCEAN CONSERVATION ('ROC') GRANTS PROGRAM APPLICATIONS MUST BE COMPLETED UTILIZING WF'S PRELIMINARY GRANT REQUEST VIA ITS WEBSITE WAITTFOUNDATION.ORG, AFTER THE GRANT APPLICANT REVIEWS WF'S GRANT GUIDELINES AND GRANTEE REQUIREMENTS ALSO FOUND ON ITS WEBSITE AN APPLICANT MUST PROVIDE ITS US TAX IDENTIFICATION NUMBER AND MUST BE PREPARED TO PROVIDE A CURRENT COPY OF ITS IRS 501(C)(3) DETERMINATION LETTER INTERNATIONAL APPLICANTS OUTSIDE THE US MUST PROVIDE PROOF OF PUBLIC CHARITABLE STATUS EQUIVALENT UNDER US LAWS
    cAny submission deadlines:
    PRELIMINARY GRANT REQUESTS ARE ACCEPTED YEAR-ROUND VIA WF'S WEBSITE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    WAITT FOUNDATION LIMITS ITS GRANTS ACCORDING TO THE CRITERIA DEFINED IN THE GRANTS GUIDELINES AND GRANTEE REQUIREMENTS SECTION ON ITS WEBSITE (WAITTFOUNDATION.ORG). ITS GRANTEES MUST HAVE PROGRAMS THAT ARE PROJECT SPECIFIC WITH TANGIBLE AND MEASURABLE RESULTS. PRIORITY IS GIVEN TO INITIATIVES ADDRESSING WF'S CORE FOCUS, OCEAN CONSERVATION WHILE WF MAY MAKE EXCEPTIONS IN SPECIAL CIRCUMSTANCES, IT GENERALLY DOES NOT SUPPORT PROGRAMS OR ORGANIZATIONS THAT FALL OUTSIDE OF ITS KEY AREAS OF FOCUS, AND DOES NOT ACCEPT PROPOSALS TO SUPPORT INDIVIDUALS, EVENT FUNDRAISERS AND SPONSORHIPS, ENDOWMENTS, OR LOBBYING OF ANY KIND THE MAXIMUM AMOUNT FOR WF ROC GRANT REQUEST IS $15,000
    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
    AMIGOS ISLA DEL COCO FRIENDS OF COCOS ISLAND
    BARRIO ESCALANTE DE LA IGLESIA DE
    SANTA TERESITA 300 METROS NORTA SET
    MIRAFLORES,SAN JOSE  
    CS     		NONE NC OCEAN CONSERVATION 150,000
    BARBUDANGO
    CODRINGTON VILLAGE
    CODRINGTON    
    AC     		NONE NC OCEAN CONSERVATION 30,000
    BERMUDA ZOOLOGICAL SOCIETY
    40 NORTH SHORE ROAD
    BD     		NONE NC RAPID OCEAN CONSERVATION GRANT 10,000
    BIBLE STUDY FELLOWSHIP
    19001 HUEBNER ROAD
    SAN ANTONIO,TX78258     		NONE PC EMPLOYEE MATCH 102
    BISHOP HEELAN CATHOLIC SCHOOLS
    PO BOX 1439
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 500
    BOYS AND GIRLS HOME AND FAMILY SERVICES INC
    1551 INDIAN HILLS DR
    SIOUX CITY,IA51104     		NONE PC EMPLOYEE MATCH 805
    BREN SCHOOL OF ENVIRONMENTAL SCIENCE & MANAGEMENT (UCSB)
    2410 BREN HALL UNIVERSITY OF
    CALIFORNIA
    SANTA BARBARA,CA93106     		NONE PC OCEAN CONSERVATION 788,601
    BUY FRESH BUY LOCAL - SIOUXLAND
    505 5TH STREET
    SIOUX CITY,IA51101     		NONE PC EMPLOYEE MATCH 100
    CENTRE FOR MARINE BIODIVERSITY AND CONSERVATION
    CALLE DEL PIRATA 420
    COL BENITO JUAREZ    
    MX     		NONE NC RAPID OCEAN CONSERVATION GRANT 15,000
    CHURCH WORLD SERVICE INC
    PO BOX 968
    ELKHART,IN46515     		NONE PC EMPLOYEE MATCH 500
    CONSERVATION INTERNATIONAL FOUNDATION
    2011 CRYSTAL DRIVE SUITE 600
    ARLINGTON,VA22202     		NONE PC OCEAN CONSERVATION 432,436
    CRITTENTON CENTER
    PO BOX 295
    SIOUX CITY,IA51106     		NONE PC EMPLOYEE MATCH 2,500
    ELEVATE NEPAL
    PO BOX 391
    FLAGSTAFF,AZ86002     		NONE PC EMPLOYEE MATCH 100
    FOOD BANK OF SIOUXLAND
    PO BOX 985
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 1,950
    FOREVER COSTA RICA
    SABANA NORTE TORRE LA SABANA PISO 5
    SAN JOSE    
    CS     		NONE NC OCEAN CONSERVATION 100,000
    GIVELIGHT FOUNDATION
    1879 LUNDY AVENUE SUITE 226
    SAN JOSE,CA95131     		NONE PC EMPLOYEE MATCH 50
    HER HEALTH WOMEN'S CENTER
    5732 SUNNYBROOK DRIVE
    SIOUX CITY,IA51106     		NONE PC EMPLOYEE MATCH 750
    INTERNEWS NETWORK
    PO BOX 4448
    ARCATA,CA95518     		NONE PC OCEAN CONSERVATION 10,000
    IOWA CONFERENCE THE UNITED METHODIST CHURCH
    2301 RITTENHOUSE STREET
    DES MOINES,IA50321     		NONE PC EMPLOYEE MATCH 500
    IOWA UNITED METHODIST CAMPS
    2301 RITTENHOUSE STREET
    DES MOINES,IA50321     		NONE PC EMPLOYEE MATCH 500
    LEAGUE OF CONSERVATION VOTERS EDUCATION FUND
    740 15TH ST NW STE 700
    WASHINGTON,DC20005     		NONE PC EMPLOYEE MATCH 50
    LEUKEMIA & LYMPHOMA SOCIETY INC
    OFFICE OF DONOR SERVICES 3
    INTERNATIONAL DRIVE
    RYE BROOK,NY10573     		NONE PC EMPLOYEE MATCH 500
    LIVE & LEARN ENVIRONMENTAL EDUCATION SOCIETY COMMITTEE
    INDEPENDENCE PARK
    PORT VILA    
    NH     		NONE NC OCEAN CONSERVATION 40,000
    MARINE MAMMAL CENTER
    2000 BUNKER ROAD FORT CRONKHITE
    SAUSALITO,CA94965     		NONE PC EMPLOYEE MATCH 103
    MENTAL HEALTH ASSOCIATION OF SIOUXLAND
    2401 15TH ST PL
    SIOUX CITY,IA51103     		NONE PC EMPLOYEE MATCH 500
    NATIONAL GEOGRAPHIC SOCIETY
    1145 17TH STREET NW
    WASHINGTON,DC20036     		NONE PC OCEAN CONSERVATION 250,000
    NORM WAITT SR YMCA
    601 RIVERVIEW DRIVE
    SOUTH SIOUX CITY,NE68776     		NONE PC EMPLOYEE MATCH 2,700
    OCEAN CONSERVANCY INC
    1300 19TH STREET NW SUITE 800
    WASHINGTON,DC20036     		NONE PC OCEAN CONSERVATION 191,333
    OCEAN UNITE
    3517 W PLACE NW
    WASHINGTON,DC20007     		NONE PC OCEAN CONSERVATION 90,000
    OCEANS 5
    6 WEST 48TH STREET 10TH FLOOR
    NEW YORK,NY10036     		NONE PC OCEAN CONSERVATION 1,125,000
    ONE FAIR WAGE INC
    45 MT AUBURN STREET
    CAMBRIDGE,MA02138     		NONE PC EMPLOYEE MATCH 50
    SAFEPLACE
    PO BOX 1565
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 100
    SALVATION ARMY OF SIOUX CITY
    1415 VILLA STREET
    SIOUX CITY,IA51103     		NONE PC EMPLOYEE MATCH 100
    SAN DIEGO FOOD BANK CORPORATION
    9850 DISTRIBUTION AVENUE
    SAN DIEGO,CA92121     		NONE PC EMPLOYEE MATCH 100
    SAVE THE WAVES COALITION
    3500 HIGHWAY 1
    DAVENPORT,CA95017     		NONE PC OCEAN CONSERVATION 10,000
    SCRIPPS INSTITUTION OF OCEANOGRAPHY
    8622 KENNEL WAY
    LA JOLLA,CA92037     		NONE PC OCEAN CONSERVATION 250,000
    SEASKETCH
    MARINE SCIENCE INSTITUTE UNIVERSITY
    OF CALIFORNIA
    SANTA BARBARA,CA93106     		NONE PC OCEAN CONSERVATION 799,243
    SHESLER HALL
    1308 NEBRASKA STREET
    SIOUX CITY,IA51105     		NONE PC EMPLOYEE MATCH 1,000
    SIOUXLAND COMMUNITY SOUP KITCHEN INC
    1000 DOUGLAS STREET
    SIOUX CITY,IA51105     		NONE PC EMPLOYEE MATCH 500
    SIOUXLAND HUMANE SOCIETY
    1015 TRI-VIEW AVE
    SIOUX CITY,IA51103     		NONE PC EMPLOYEE MATCH 2,500
    STELLENBOSCH UNIVERSITY
    CNR BANKHOEK AND BOSMAN RD
    STELLENBOSCH,SOUTH AFRICA  
    SF     		NONE NC RAPID OCEAN CONSERVATION GRANT 15,000
    THE BAHAMAS PROTECTED AREAS FUND
    MINISTRY OF THE ENVIRONMENT
    CHARLOTTE HOUSE
    NASSAU    
    BF     		NONE NC OCEAN CONSERVATION 50,000
    THE GOSPEL MISSION
    500 BLUFF STREET PO BOX 3745
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 200
    UNITED WAY OF SIOUXLAND
    701 STEUBEN STREET
    SIOUX CITY,IA51101     		NONE PC EMPLOYEE MATCH 5,500
    WAITT INSTITUTE
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049     		NONE POF OCEAN CONSERVATION 4,400,000
    WAITT INSTITUTE FOR VIOLENCE PREVENTION
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049     		NONE POF COMMUNITY BUILDING 100,000
    WOODBURY COUNTY CONSERVATION
    4500 SIOUX RIVER RD
    SIOUX CITY,IA51109     		NONE PC EMPLOYEE MATCH 100
    YOUTH FOR CHRIST USA INC
    PO BOX 1626
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 443
    Total .................................bullet 3a 8,879,416
    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 1,443  
    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 3,540,663  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP INCOME PER BOOKS     		    14 78,427  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 6,009,824 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,009,824
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 61,208 0   61,208

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    TY 2021 ExpenditureResponsibilityStmt
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    BARBUDANGO
          		CODRINGTON VILLAGE
    CODRINGTON    
    AC     		2021-12-17 30,000 OCEAN CONSERVATION 0 NONE 6/5/21; 3/31/22    
    AMIGOS ISLA DEL COCO FRIENDS OF COCOS ISLAND
          		BARRIO ESCALANTE DE LA IGLESIA DE
    SANTA TERESITA 300 METROS NORTA SET
    MIRAFLORES,SAN JOSE  
    CS     		2021-06-11 150,000 OCEAN CONVERVATION 146,681 NONE 6/30/22    
    LIVE & LEARN ENVIRONMENTAL EDUCATION SOCIETY COMMITTEE
          		INDEPENDENCE PARK
    PORT VILA    
    NH     		2021-12-21 40,000 OCEAN CONVERVATION 0 NONE 1/13/22    
    BERMUDA ZOOLOGICAL SOCIETY
          		40 NORTH SHORE ROAD
    BD     		2021-05-26 10,000 OCEAN CONVERVATION 10,000 NONE 12/3/21    
    CENTER FOR MARINE BIODIVERSITY AND CONSERVATION
          		CALLE DEL PIRATA 420
    COL BENITO JUAREZ    
    MX     		2021-04-27 15,000 OCEAN CONVERVATION 12,500 NONE 1/25/22    
    STELLENBOSCH UNIVERSITY
          		CNR BANKHOEK AND BOSMAN RD
    STELLENBOSCH,SOUTH AFRICA  
    SF     		2021-01-01 15,000 OCEAN CONVERVATION 15,000 NONE 12/1/21    
    FOREVER COSTA RICA
          		SABANA NORTE TORRE LA SABANA PISO 5
    SAN JOSE    
    CS     		2021-12-17 100,000 OCEAN CONSERVATION 0 NONE 12/31/19; 4/16/21    
    THE BAHAMAS PROTECTED AREAS FUND
          		MINISTRY OF THE ENVIRONMENT
    CHARLOTTE HOUSE
    NASSAU    
    BF     		2021-12-17 50,000 OCEAN CONSERVATION 0 NONE 12/31/19; 3/3/21    

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    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    CAPITAL GAINS FROM PARTNERSHIPS 2021-01 PURCHASED 2021-12       COST 0 -3,520,856  
    CAPITAL GAINS FROM SALE OF PTP 2021-01 PURCHASED 2021-12       COST 0 4,834  
    LOSS ON DISPOSALS 2021-01 PURCHASED 2021-12       COST 0 -2,201  

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALPS CORE COMMODITY 3,514,594 3,514,594
    FIXED INCOME FUND - FIRST PACIFIC ADVISORS(FPA) 16,959,930 16,959,930
    FIXED INCOME FUND - METROPLITAN WEST 7,259,964 7,259,964
    FIXED INCOME FUND - PIMCO 2,040,886 2,040,886

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ARTISAN FOCUS FUND 5,048,951 5,048,951
    ARTISAN GROWTH OPP FUND 7,966,248 7,966,248
    ARTISAN SMALL CAP 628,059 628,059
    DODGE & COX 2,958,398 2,958,398
    EQUITIES - RIVER ROAD 4,128,680 4,128,680
    EVERMORE GLOBAL VALUE FUND 1,873,655 1,873,655
    HARDING LOEVNER INTL 2,698,020 2,698,020
    MATHEWS JAPAN 1,153,934 1,153,934
    OPPENHEIMER DEVELOPING MARKETS FUND 3,842,115 3,842,115
    VANGUARD GROWTH ETF 5,981,576 5,981,576
    VANGUARD WINDSOR II ADMIRAL 5,442,744 5,442,744

    TY 2021 InvestmentsOtherSchedule2
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AEQUIM ARBITRAGE FMV 2,000,000 2,000,000
    AG CAPITAL RECOVERY VIII HOLDINGS FMV 59,135 59,135
    AG SUPER FUND INT'L LTD FMV 2,927,906 2,927,906
    AKO LIMITED FUND FMV 4,436,350 4,436,350
    ALKEON GROWTH OFFSHORE FUND FMV 4,467,032 4,467,032
    BLACKSTONE TACTICAL OPPS FUND FMV 1,011,682 1,011,682
    BLACKSTONE TACTICAL OPPS FUND III FMV 832,131 832,131
    CADIAN OFFSHORE FUND FMV 1,385,509 1,385,509
    CANYON LAUREL INVESTMENT FUND FMV 350,298 350,298
    CANYON LAUREL INVESTMENT FUND II FMV 556,084 556,084
    CHARLESBANK EQUITY FUND FMV 2,789,790 2,789,790
    CHILDREN'S INVESTMENT FUND FMV 4,122,684 4,122,684
    CRC GLOBAL STRUCTURED CR FUND FMV 1,559,825 1,559,825
    D.E. SHAW COMPOSITE INT'L FMV 5,558,252 5,558,252
    EMPYREAN CAPITAL FUND FMV 1,912,560 1,912,560
    FARALLON CAPITAL FMV 4,132,652 4,132,652
    FIXED INCOME FUND - COLCHESTER GLOBAL BOND FMV 3,492,720 3,492,720
    FIXED INCOME FUND - OAKTREE ENHANCED INCOME FMV 17,828 17,828
    FOLIUM CAPITAL AGRICULTURE FUND FMV 1,386,655 1,386,655
    FOLIUM CAPITAL TIMBER FUND FMV 1,303,412 1,303,412
    FORWARD VENTURES IV FMV 232,707 232,707
    GENERATION IM GLOBAL EQUITY FUND FMV 3,123,352 3,123,352
    GLOBAL EVENT PARTNERS FMV 4,204,188 4,204,188
    GREENSPRING GLOBAL PARTNERS IX-B FMV 1,241,680 1,241,680
    GREENSPRING GLOBAL PARTNERS V-B FMV 4,199,557 4,199,557
    GREENSPRING GLOBAL PARTNERS VII-B FMV 5,829,528 5,829,528
    NITORUM OFFSHORE FUND FMV 2,176,931 2,176,931
    POMONA CAPITAL FMV 18,002 18,002
    Q-BLK REAL ASSETS LP FMV 154,844 154,844
    TACONIC OPPORTUNITY OFFSHORE FMV 2,876,434 2,876,434
    TYBOURNE EQUITY FUND FMV 1,584,220 1,584,220
    UBS TRUMBULL PROPERTY FMV 1,849,077 1,849,077
    US VENTURE PARTNERS XII FMV 606,912 606,912
    VARDE FUND XII FMV 749,058 749,058
    VARDE FUND XIII FMV 691,664 691,664
    VIVO CAPITAL VIII FMV 1,507,605 1,507,605
    VIVO VENTURES FUND FMV 392,781 392,781
    WAVE EQUITY FUND FMV 1,922,451 1,922,451

    TY 2021 LandEtcSchedule2
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURES & FIXTURES 198,623 124,431 74,192 74,192
    EQUIPMENT 46,632 28,713 17,919 17,919
    LEASEHOLD IMPROVEMENTS 76,199 71,169 5,030 5,030
    SOFTWARE 15,197 14,916 281 281


    TY 2021 LegalFeesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 115 0   115


    TY 2021 OtherAssetsSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LEASE DEPOSIT 12,973 12,973 12,973
    DUE TO/FROM WAITT INSTITUTE 13,988 40,400 40,400
    DISTRIBUTION RECEIVABLE 96,558 1,020,926 1,020,926
    DUE TO/FROM WAITT INSTITUTE FOR VIOLENCE PREVENTION 1,054 0 0
    CREDIT CARD REFUND -6,994 -67,528 -67,528


    TY 2021 OtherExpensesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMMUNICATIONS 70,733 0   70,733
    INFORMATION TECHNOLOGIES 34,246 0   34,278
    INSURANCE 12,388 0   4,422
    OFFICE SUPPLIES 26,924 0   26,924
    OUTSIDE SERVICES 127 0   127
    POSTAGE 1,812 0   1,812
    SUBSCRIPTIONS 6,909 0   6,909
    PERMITS & LICENSES 100 0   100
    MISCELLANEOUS 566 0   22,105
    UTILITIES 2,827 0   2,587
    BANK FEES 167 0   0


    TY 2021 OtherIncomeSchedule2
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME PER SCHEDULE K-1S   320,655  
    PARTNERSHIP INCOME PER BOOKS 78,427   78,427


    TY 2021 OtherIncreasesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Description Amount
    UNREALIZED GAINS/LOSSES 10,040,089


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 261,578 261,578   0
    PROFESSIONAL FEES 308,300 0   315,812
    INVESTMENT MSA FEE 105,139 105,139   0
    ADMIN SERVICES - AVALON 112,000 0   112,000


    TY 2021 TaxesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEES 3,629 0   0
    FEDERAL EXCISE TAX 47,670 0   0
    FOREIGN TAXES 13,375 28,193   0
    PAYROLL TAXES 45,590 0   45,590