TY 2021 Form 990PF

- TIN:

Form990-PF

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
The Francine A LeFrak Foundation Inc

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

27-1752212

B Telephone number (see instructions)

(800) 839-1754

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

$14,123,566J 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	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	1,882,771
2	Check .............
3	Interest on savings and temporary cash investments	373		373
4	Dividends and interest from securities...	177,878		177,878
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,203,284
b	Gross sales price for all assets on line 6a 7,172,634
7	Capital gain net income (from Part IV, line 2)...			2,140,832
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).......		1,003	15
12	Total. Add lines 1 through 11........	3,265,309		2,319,098
13	Compensation of officers, directors, trustees, etc.	243,000				243,000
14	Other employee salaries and wages......	96,360				96,360
15	Pension plans, employee benefits.......	20,721				20,721
16a	Legal fees (attach schedule).........		173	0	0	173
b	Accounting fees (attach schedule).......		15,000	0	0	15,000
c	Other professional fees (attach schedule)....		98,413	82,136		16,277
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		41,897	381
19	Depreciation (attach schedule) and depletion...		4,857	0	0
20	Occupancy..............	2,698				2,698
21	Travel, conferences, and meetings.......	5,381				5,381
22	Printing and publications..........	170				170
23	Other expenses (attach schedule).......		75,809	816		74,993
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	604,479		83,333	0	474,773
25	Contributions, gifts, grants paid.......	285,000				285,000
26	Total expenses and disbursements. Add lines 24 and 25	889,479		83,333	0	759,773
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,375,830
b	Net investment income (if negative, enter -0-)			2,235,765
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.........	302,387	457,443	457,443
	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).......	6,763,993	9,283,289	11,403,844
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)	307,867
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,964,379	1,973,724	2,262,279
	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)	9,338,626	11,714,456	14,123,566
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		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........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	9,338,626	11,714,456
	29	Total net assets or fund balances (see instructions).....	9,338,626	11,714,456
	30	Total liabilities and net assets/fund balances (see instructions).	9,338,626	11,714,456

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) ...............

9,338,626

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

2,375,830

Other increases not included in line 2 (itemize) bullet

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

11,714,456

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 .

11,714,456

Form 990-PF (2021)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b	RE -UNIT #2P 84-19 51ST AVE ELMHURST, NY	P	2019-01-12	2021-07-13
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	6,722,634	4,999,980	1,722,654
b	450,000	31,822	418,178
c
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			1,722,654
b			418,178
c
d
e

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	2,140,832
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
3	Add lines 1 and 2...........................	3	31,077
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	31,077
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	29,900
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	1,900
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	31,800
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	723
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax723	Refunded	11

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

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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?.........

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

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

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

The books are in care of bullet

Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

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)

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)

(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-)
Jill Wierbicki Abrahams	Dir, Sec 55.0	243,000
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Sec 55.0	243,000
Blair Feldman	Dir, Treas 1.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Treas 1.0	0
Eric Friedberg	Dir, VP 1.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, VP 1.0	0
Jay Goldberg	Dir 1.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0
Sheila Klehm	Dir 1.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0
Francine A LeFrak	Dir, Pres 30.0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres 30.0	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
JOSEPH PINO	ENGAGEMENT MANAGER 40.0	73,880	0	0
FOUNDATION SOURCE WILMINGTON,DE198091377	ENGAGEMENT MANAGER 40.0	73,880	0	0








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

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

9,739,806

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

445,225

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

2,440,304

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

12,625,335

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

12,625,335

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

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

189,380

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

12,435,955

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

621,798

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

621,798

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

31,077

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

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

31,077

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

590,721

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

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

590,721

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

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

590,721

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	(d) 2021
1 Distributable amount for 2021 from Part X, line 7			590,721
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:2019, 2018, 2017
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......	221,204
e From 2020......
f Total of lines 3a through e ........		221,204
4Qualifying distributions for 2021 from Part
XI, line 4: $ 759,773
a Applied to 2020, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2021 distributable amount.....			590,721
e Remaining amount distributed out of corpus		169,052
5 Excess distributions carryover applied to 2021.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		390,256
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		390,256
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....	221,204
d Excess from 2020....
e Excess from 2021....	169,052

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).)

Eric Friedberg

Francine A LeFrak

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
BRIDGE2RWANDA INC 1818 N TAYLOR ST STE B 322 LITTLE ROCK,AR72207	N/A	PC	General & Unrestricted	35,000
BRIDGE2RWANDA INC 1818 N TAYLOR ST STE B 322 LITTLE ROCK,AR72207	N/A	PC	Same Sky Scholarship fund at the FAWE School	35,000
FRIENDS OF SEVEN UNITED FOR THE NEEDY INC 51 HIGHLAND ST CAMBRIDGE,MA02138	N/A	SO I	Same Sky University Scholars and General Scholarship fund	10,000
GRACE INSTITUTE 40 RECTOR ST 14TH FL NEW YORK,NY10006	N/A	PC	Reimagining job placement, retention support and alumnae support in a post-covid economy	50,000
LEAP INC 621 DEGRAW ST BROOKLYN,NY11217	N/A	PC	Francine A. LeFrak Foundation Tools of the Trade Microgrant fund	45,000
OPERATION HOPE 191 PEACHTREE ST SUITE 4000 ATLANTA,GA30303	N/A	PC	Charitable Event	25,000
PER SCHOLAS INC 804 E 138TH ST 2ND FL BRONX,NY10454	N/A	PC	Francine A. LeFrak Foundation Women in Tech Scholarship fund	10,000
POINTS OF LIGHT FOUNDATION 600 MEANS ST NW STE 210 ATLANTA,GA30318	N/A	PC	Charitable Event	25,000
WOMEN IN NEED INC 1 STATE ST 18TH FL NEW YORK,NY10004	N/A	PC	the Francine A. LeFrak Computer Training program	50,000
Total ................................. 3a				285,000

bApproved for future payment

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

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	373
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	1,203,284
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aCLASS ACTION LAWSUIT PROCEEDS			01	15
bFederal Tax Refund			01	988
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				1,382,538

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

1,382,538

(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:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Name of the organization

The Francine A LeFrak Foundation Inc

Employer identification number

27-1752212

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (2021)

Schedule B (Form 990) (2021) Page 2

Name of organization The Francine A LeFrak Foundation Inc			Employer identification number 27-1752212

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
1	Andy and Marie Unanue 666 Fifth ave suite 27b New York, NY10103	$ 10,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
2	Carlino Brown Michelle 812 Park Ave New York, NY10021	$ 25,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
3	Carlino Cristina 995 Fifth ave 5S New York, NY10028	$ 25,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
4	Carol M Penn Family Foundation 1010 notre dame ave Belmont, CA94002	$ 5,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
5	Kornfeld Foundation 719 N Ocean Blvd Delray Beach, FL33483	$ 5,100		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
6	LeFrak Francine A 755 Park Avenue 6A New York, NY10021	$ 1,671,451		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Name of organization The Francine A LeFrak Foundation Inc			Employer identification number 27-1752212
Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
7	Loeb John 194 ANDERSON HILL ROAD PURCHASE, NY10577	$ 5,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
8	Pratt Holdings Inc 510 Meadowland Court Roswell, GA30075	$ 100,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
9	Probity International Corp 421 North beverly drive ste 350 Beverly Hills, CA90210	$ 5,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 3

Name of organization The Francine A LeFrak Foundation Inc		Employer identification number 27-1752212

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
6	LOWES COMPANIES INC LOW, 433 sh.	$ 81,491	2021-06-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
6	NORFOLK SOUTHERN CORP NSC, 239 sh.	$ 65,187	2021-06-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
6	VISA INC V, 49 sh.	$ 11,452	2021-06-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
6	APPLE INC AAPL, 544 sh.	$ 70,717	2021-06-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
6	ADOBE SYSTEMS, INC ADBE, 57 sh.	$ 31,414	2021-06-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
6	THERMO FISHER SCIENTIFIC INC TMO, 124 sh.	$ 58,344	2021-06-15
Schedule B (Form 990) (2021)

Name of organization The Francine A LeFrak Foundation Inc		Employer identification number 27-1752212
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
6	BLACKROCK INC BLK, 75 sh.	$ 65,885	2021-06-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
6	MICROSOFT CORP MSFT, 400 sh.	$ 103,534	2021-06-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
6	TARGET CORPORATION TGT, 442 sh.	$ 102,491	2021-06-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
6	DANAHER CORP DHR, 176 sh.	$ 43,344	2021-06-15
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
6	ASML HOLDING NV NY REG SHS ASML, 389 sh.	$ 270,089	2021-06-24
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
6	MORGAN STANLEY INSTI FD INTERNATIONAL O MIOIX, 20867.431 sh.	$ 767,504	2021-12-20
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 4


Name of organization The Francine A LeFrak Foundation Inc			Employer identification number 27-1752212
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (2021)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2021 AccountingFeesSchedule

Name:

The Francine A LeFrak Foundation Inc

EIN:

27-1752212

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
General Consultations	15,000			15,000

- TIN:

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

TY 2021 DepreciationSchedule

Name:

The Francine A LeFrak Foundation Inc

EIN:

27-1752212

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included
BLDG-84-19 51ST 2P	2019-10-12	472,500	217,133	SL	27	4,857	0	0
LAND-84-19 51ST 2P	2019-10-12	52,500		L

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

The Francine A LeFrak Foundation Inc

EIN:

27-1752212

Name of Stock	End of Year Book Value	End of Year Fair Market Value
10X GENOMICS CLASS A	6,580	6,405
2U INC	5,862	3,151
ABBOTT LABS	79,475	123,429
ACCENTURE PLC	14,394	45,601
ADOBE SYSTEMS, INC	127,325	171,819
ADYEN N.V.	6,007	6,475
AIA GROUP LTD ADR	12,034	9,838
AIR PRODS & CHEM INC	28,274	31,947
ALCON INC	31,233	37,984
ALIGN TECHNOLOGY, INC	6,558	25,630
ALLEGION PLC	27,930	27,680
ALPHABET INC CL A	119,455	246,247
ALPHABET INC CL C	59,286	107,063
AMADEUS IT HLDS SA	7,126	6,569
AMAZON COM	300,326	383,448
AMERICAN TOWER REIT INC	26,067	30,420
AMERICAN WATER WORKS COMPANY I	34,371	35,883
AMERIPRISE FINANCIAL INC	58,656	79,337
AMGEN INC	30,011	29,021
ANSYS INC	59,638	68,592
AON PLC CL A	4,809	6,011
APPLE INC	177,600	298,317
APPLIED MATERIALS INC	33,309	41,071
ARTISAN SMALL CAP FUND INST CL	43,847	47,831
ASML HOLDING NV NY REG SHS	12,498	14,331
ASPEN TECHNOLOGY, INC	23,296	24,504
ASTRAZENECA	28,581	33,494
ATLAS COPCO AB A SHS ADR	7,531	8,456
ATLASSIAN CORP PLC	6,239	6,101
AUTODESK, INC	12,617	20,808
AVATAR HOLDINGS INC.	15,294	17,277
BECTON DICKINSON & CO	12,270	19,867
BENTLEY SYSTEMS INC CL B	32,766	29,046
BERKLEY W R CP	30,471	33,038
BERKSHIRE HATHAWAY INC. CLASS	20,144	29,601
BLACKROCK INC	48,941	104,374
BLOCK INC	9,843	9,852
BOOKING HOLDINGS INC	24,732	26,392
BOSTON SCIENTIFIC	33,099	34,409
BRIGHT HORIZONS FAMILY SOLUTIO	26,038	21,022
CANADIAN PACIFIC RAILWAY LTD	10,685	10,000
CAPITAL ONE FINANCIAL CORP	42,927	42,802
CDW CORP	35,266	40,751
CHARLES RIV LABORATORIES INTL	47,493	50,865
CHARLES SCHWAB CORP	34,514	63,075
CHEMED CORP	19,813	22,220
CHEVRON CORP	32,558	35,674
CHUBB LIMITED	20,481	23,391
CHURCH & DWIGHT	7,237	8,200
CINCINNATI FINANCIAL CORP	30,849	31,559
CITIGROUP INC	9,758	8,636
COINBASE GLOBAL	16,198	15,395
COMCAST CORP	39,213	46,656
COMMERCE BANCSHARES, INC	19,131	18,285
CONESTOGA SMALL CAP INST	29,599	35,859
CONOCOPHILLIPS	12,399	24,180
CONSTELLATION BRANDS INC	33,950	41,410
COOPER COMPANIES INC	34,189	35,191
COPART INC	29,098	34,418
CORTEVA INC	36,597	38,108
COSTCO WHOLESALE CORPORATION	44,183	74,936
COTERRA ENERGY INC	23,647	24,339
CRISPR THERAPEUTICS AG	9,507	8,184
CROWN CASTLE INTL	54,543	70,554
CSL LTD	9,864	9,522
CULLEN FROST BANKERS INC	23,292	25,214
DANAHER CORP	101,878	176,349
DCT INDUSTRIAL TRUST INC	16,962	11,562
DEERE CO	20,848	20,573
DOCUSIGN INC	5,216	4,417
DODGE & COX FUNDS INTERNATIONA	56,600	54,927
DOLLAR GENERAL CORP	25,759	29,715
DRAFTKINGS	9,717	5,824
DSV UNSP ADR EACH REPR 0.5 ORD	12,136	11,973
EATON CORP PLC	24,798	27,651
EATON VANCE SHORT DURATION GOV	91,766	90,967
ECOLAB INC	68,419	82,107
EDITAS MEDICINE INC	3,260	2,549
ELANCO ANIMAL HEALTH INCORPORA	45,097	40,101
ELECTRONIC ARTS	13,988	13,850
ELI LILLY & CO	29,720	35,909
EPAM SYSTEMS INC	6,258	8,021
EQUIFAX INC	30,171	38,941
EQUITY LIFESTYLE PRP	12,421	15,954
ESTEE LAUDER COMPANIES INC	29,946	68,117
EVENTIDE HEALTHCARE & LIFE SCI	11,640	13,685
EVOLUTION GAMING GROUP AB ADR	5,481	4,861
EXACT SCIENCES CORPORATION	15,915	11,130
EXPERIAN GROUP LTD S/ADR	9,391	11,834
EXPONENT, INC	17,505	20,311
FAIR ISSAC & CO INC	17,026	14,745
FERRARI NV	6,987	8,800
FIDELITY NATIONAL INFORMATION	43,470	35,365
FORTIVE CORPORATION	12,273	14,495
FRANKLIN INTL GROWTH FD	72,249	73,192
FRANKLIN VALUE SMALL CAP VALUE	42,224	42,693
FREEPORT-MCMORAN COPPER & GOLD	9,804	11,935
GEN DYNAMICS CP	21,200	23,974
HARBOR SMALL CAP VALUE FUND	29,601	34,188
HARDING LOEVNER INTL EQUITY	44,395	46,001
HENRY JACK & ASSOC INC	18,012	18,369
HOME DEPOT INC	59,726	105,413
HONEYWELL INTL	83,259	100,085
ICON PLC - AMERICAN DEPOSITARY	6,992	9,601
IDEXX CORP	10,855	25,680
INSULET CORPORATION	7,388	11,707
INTELLIA THERAPEUTICS INC	5,322	16,199
INTERACTIVE BROKERS GROUP, INC	25,246	28,988
INTERCONTINENTAL EXCHANGE, INC	21,297	29,406
INVESCO OPPENHEIMER DEVELOPING	75,548	71,390
INVITAE CORP	14,957	7,039
IQVIA HOLDINGS INC	17,342	31,035
IRIDIUM COMMUNICATIONS INC	3,329	4,377
ISHARE SP SMALL CAP 600 INDEX	73,041	84,050
ISHARES INTERMEDIATE CREDIT BD	92,803	96,314
ISHARES MSCI EAFE VALUE INX	23,441	22,373
ISHARES MSCI-JAPAN	31,811	33,078
ISHARES RUSSELL 2000 GROWTH IN	14,527	21,686
ISHARES TR S & P MIDCAP 400 IN	6,023	8,492
ISHARES TRUST RUSSELL 1000 VAL	93,088	97,567
JOHNSON CONTROLS INTERNATIONAL	32,340	41,143
JP MORGAN CHASE	60,849	91,368
KEYENCE CORP FIRST SECTION COM	8,891	27,583
LAM RESEARCH CORP	19,106	39,553
LASERTEC ADR	7,663	11,396
LENNAR CORP	36,060	41,469
LENNOX INTL INC	28,689	28,544
LI NING CO	5,647	5,153
LINDE PLC COM	8,059	16,975
LONZA GROUP AG UNSP/ADR	7,339	8,434
LOWES COMPANIES INC	46,953	82,714
LPL FINANCIAL HOLDINGS INC	26,871	30,417
LULULEMON ATHLETICA INC	7,683	8,220
LVMH MOET HENN UNSP	19,297	30,452
MARTIN MARIETTA MATLS INC	30,834	38,325
MASTERCARD INC	92,724	109,952
MATTHEWS JAPAN FUND INSTI CLAS	16,755	17,641
MCDONALD'S CORP	16,736	21,446
MEDTRONIC PLC	31,494	26,587
MERCK & CO INC	11,733	13,259
META PLATFORMS INC	126,905	164,139
METTLER-TOLEDO INTL	6,931	8,486
MICHELIN CIE GEN UNSP/ADR	31,688	33,183
MICROCHIP TECHNOLOGY INC	59,676	81,749
MICROSOFT CORP	311,582	543,828
MITSUBISHI UFJ FINANCIAL GROUP	14,754	14,529
MORGAN STANLEY	29,660	51,338
MORGAN STANLEY INSTI FD INTERN	1,638,564	1,687,983
MSCI INC	37,212	44,114
NESTLE S.A	27,479	36,777
NETFLIX INC	14,433	28,315
NEXTERA ENERGY, INC	49,745	75,622
NIKE INC-CL B	36,435	47,834
NORDSON CP	30,951	36,759
NOVO NORDISK A S	5,418	5,712
NVIDIA CORP	21,285	44,705
O'REILLY AUTOMOTIVE INC	32,752	46,611
OSHKOSH CORP	20,839	22,091
PACIFIC BIOSCIENCES OF CALIF	5,554	4,460
PAGERDUTY ORD SHS	4,560	5,386
PALANTIR TECHNOLOGIES INC	6,905	6,100
PARKER HANNIFIN CP	72,004	79,212
PAYPAL HOLDINGS, INC	43,562	34,887
PEPSICO INC	24,988	33,873
PERNOD RICARD S A SPONSORED AD	5,598	6,012
PHILLIPS 66	19,347	17,970
PIMCO LOW DURATION INSTL	229,265	227,519
PNC FINANCIAL GROUP INC	32,342	35,292
POOL CORP	39,972	53,204
PRINCIPAL FDS, INC. MIDCAP FD	8,880	12,463
PROCTER GAMBLE CO	38,311	47,438
QUALCOMM INC	31,318	41,877
RAYTHEON TECHNOLOGIES CORP	15,108	18,073
REGENERON PHARMACEUTICALS INC	15,198	15,788
REPLIGEN CORP	8,354	23,306
RESMED INC	9,637	10,159
ROBINHOOD	9,684	5,364
ROCKWELL AUTOMATION INC	13,084	18,838
ROKU INC	16,970	15,518
ROLLINS INC	16,868	16,113
ROPER INDUSTRIES	17,303	24,101
RPM INTERNATIONAL INC	25,808	30,098
S&P GLOBAL INC COM	15,537	18,877
SALESFORCE.COM	84,910	110,547
SCOTTS CO. CLASS A	55,675	43,792
SELECT SECTOR SPDR INDUSTRIAL	20,406	27,087
SERVICE NOW	20,409	55,823
SHENZHOU INTL GROUP HOLDINGS A	6,442	4,781
SHERWIN-WILLIAMS CO	25,564	38,385
SHOPIFY INC	22,482	33,057
SIKA AG BEARER SHS	7,157	8,935
SITEONE LANDSCAPE SUPPLY INC	37,199	51,121
SONY GROUP CORP	36,105	43,355
SPOTIFY TECHNOLOGY SA	12,360	10,531
STANLEY BLACK & DECKER INC	12,501	14,147
STARBUCKS CORP COM	13,462	18,130
STERIS PLC	6,229	7,302
STRATASYS, INC	2,608	3,967
STRYKER CORPORATION	26,504	43,857
SUN COMMUNITIES INC	12,823	16,588
SYSCO CORP	8,692	13,589
TAIWAN SEMICONDUCTOR MFG CO LT	28,205	28,393
TELADOC INC	32,091	24,149
TELECOM SAO PAULO	5,888	5,844
TELEDYNE TECH INC	12,949	13,107
TERADYNE INC	35,627	47,097
TESLA MOTORS INC	15,556	23,249
TEXAS INSTRUMENTS INC	49,501	53,337
THE BLACKSTONE GROUP INC CL A	8,454	19,150
THE COCA-COLA CO	27,808	30,730
THERMO FISHER SCIENTIFIC INC	17,960	24,021
THOR INDS INC	36,798	30,301
TJX COMPANIES INC	67,408	84,954
TWILIO INC	13,226	11,324
TWITTER INC	49,561	34,576
TYSON FOODS INC CL A	19,964	22,749
UIPATH ORD SHS CLASS A	9,535	7,763
UNION PACIFIC	77,278	91,703
UNITED PARCEL SERVICE	18,283	37,081
UNITEDHEALTH GROUP INC	46,168	75,321
UNITY SOFTWARE INC	8,058	12,011
VANGUARD FTSE DEVELOPED MARKET	125,911	139,292
VANGUARD FTSE EMERGING MARKETS	90,086	81,906
VANGUARD SMALL-CAP VALUE ETF	24,555	25,576
VERACYTE INC	5,270	4,491
VISA INC	80,776	118,107
WAL-MART STORES INC	32,318	36,607
WALGREENS BOOTS ALLIANCE	13,873	14,083
WALT DISNEY HOLDINGS CO	34,026	39,962
WILLIAMS COS	9,821	9,635
WUXI BIOLOGICS INC ADR	8,085	5,016
XYLEM INC	39,868	53,964
ZEBRA TECHNOLOGIES CORP	50,618	59,520
ZOETIS INC	8,920	30,992
ZOOM VIDEO COMMUNICATIONS INC	18,397	12,322
ZSCALER INC	11,078	12,853

- TIN:

TY 2021 InvestmentsLandSchedule2

Name:

The Francine A LeFrak Foundation Inc

EIN:

27-1752212

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
BLDG-84-19 51ST 2P
LAND-84-19 51ST 2P

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

The Francine A LeFrak Foundation Inc

EIN:

27-1752212

Category/ Item	Book Value	End of Year Fair Market Value
BDS 3 INTL BLOCKER LP	345,863	451,219
BLACKSTONE PRIVATE CREDIT FD	1,071,986	1,109,719
BLACKSTONE REAL ESTATE INCOME	555,875	701,341

- TIN:

TY 2021 LegalFeesSchedule

Name:

The Francine A LeFrak Foundation Inc

EIN:

27-1752212

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
General Consultations	173			173

- TIN:

TY 2021 OtherExpensesSchedule

Name:

The Francine A LeFrak Foundation Inc

EIN:

27-1752212

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	36,374		36,374
Bank Charges	816	816
INTERNET & CELL PHONE EXPENSE	3,611		3,611
Computers/Electronic Devices	5,918		5,918
Equipment/Furniture Purchase	4,670		4,670
EQUIPMENT LEASING	464		464
Foundation Dues & Memberships	780		780
Indemnification Insurance	1,138		1,138
DONATION PROCESSING FEES	1,800		1,800
Office Supplies	3,451		3,451
Payroll Processing Fees	1,728		1,728
Postage/Delivery Service	88		88
State or Local Filing Fees	325		325
Temp Help	13,895		13,895
Website Hosting/Support	751		751

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

The Francine A LeFrak Foundation Inc

EIN:

27-1752212

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Class Action Lawsuit Proceeds	15	15
Federal Tax Refund	988

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

The Francine A LeFrak Foundation Inc

EIN:

27-1752212

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
Administration of Foundation	480		480
Investment Management Services	70,136	70,136
PHILANTHROPIC CONSULTING SRVCS	13,958		13,958
GRAPHIC DESIGN SERVICES	250		250
WEBSITE DEVELOPMENT	270		270
HARD DRIVE DESTRUCTION SRVCS	1,170		1,170
TECHNOLOGY CONSULTING SERVICES	74		74
VIDEO EDITING SERVICES	75		75
PROPERTY SALE CONSULTING	12,000	12,000

- TIN:

TY 2021 TaxesSchedule

Name:

The Francine A LeFrak Foundation Inc

EIN:

27-1752212

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2021	29,900
990-PF Excise Tax for 2020	3,536
990-PF Extension for 2020	8,080
Foreign Tax Paid	381	381