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
DURFEE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)700 S FLOWER ST 560
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90017
A Employer identification number

95-4856207
B Telephone number (see instructions)

(310) 899-5120
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$64,853,465J 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 154 154  
4 Dividends and interest from securities... 100,220 100,220  
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 4,499,081
b Gross sales price for all assets on line 6a 12,473,334
7 Capital gain net income (from Part IV, line 2)... 4,471,718
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 990,075 996,598  
12 Total. Add lines 1 through 11........ 5,589,530 5,568,690  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 430,542 38,431   391,249
14 Other employee salaries and wages...... 171,034 12,966   153,034
15 Pension plans, employee benefits....... 157,107 11,783   145,603
16a Legal fees (attach schedule)......... Click to see attachment 33,046 0   33,046
b Accounting fees (attach schedule)....... Click to see attachment 41,495 37,346   4,149
c Other professional fees (attach schedule).... Click to see attachment 236,924 224,033   13,391
17 Interest............... 3 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 105,147 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 13,661 0  
20 Occupancy.............. 73,275 0   79,397
21 Travel, conferences, and meetings....... 48,591 0   48,591
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 254,343 0   228,715
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,565,168 324,559   1,097,175
25 Contributions, gifts, grants paid....... 3,106,030 2,659,459
26 Total expenses and disbursements. Add lines 24 and 25 4,671,198 324,559   3,756,634
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 918,332
b Net investment income (if negative, enter -0-) 5,244,131
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............. 73,571 270,608 270,606
2 Savings and temporary cash investments......... 179,026 452,558 452,558
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.......... 16,042 6,150 6,150
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,272,343 Click to see attachment3,229,193 3,229,193
c Investments—corporate bonds (attach schedule)....... 2,211,587 Click to see attachment3,171,599 3,171,599
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 55,051,368 Click to see attachment57,629,141 57,629,141
14 Land, buildings, and equipment: basis bullet207,013
Less: accumulated depreciation (attach schedule) bullet112,795 107,879 Click to see attachment94,218 94,218
15 Other assets (describe bullet) Click to see attachment252,983 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 61,164,799 64,853,467 64,853,465
Liabilities 17 Accounts payable and accrued expenses.......... 132,218 124,338
18 Grants payable................. 434,697 881,268
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment119,184 Click to see attachment151,154
23 Total liabilities (add lines 17 through 22)......... 686,099 1,156,760
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........... 60,478,700 63,696,707
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)..... 60,478,700 63,696,707
30 Total liabilities and net assets/fund balances (see instructions). 61,164,799 64,853,467
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
60,478,700
2
Enter amount from Part I, line 27a .....................
2
918,332
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,299,991
4
Add lines 1, 2, and 3 ..........................
4
63,697,023
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
316
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
63,696,707
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 PUBLICLY TRADED SECURITIES   2021-01-01 2021-12-31
b ALTERNATIVE INVESTMENTS P 2021-01-01 2021-12-31
c CAPITAL GAINS DIVIDENDS P    
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 8,460,367   7,974,253 486,114
b 3,820,028     3,820,028
c 165,576     165,576
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       486,114
b       3,820,028
c       165,576
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 4,471,718
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 72,893
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 72,893
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 20,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 100,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 120,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 88
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 47,019
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet47,019 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
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletHTTPS://DURFEE.ORG/
    14
    The books are in care ofbulletCLAIRE PEEPS Telephone no.bullet (310) 899-5120

    Located atbullet700 S FLOWER ST 560LOS ANGELESCA ZIP+4bullet90017
    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)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CAROLINE D AVERY PRESIDENT
    32.00     		152,463 26,000 0
    700 S FLOWER ST SUITE 560
    LOS ANGELES,CA90017
    JONATHAN NEWKIRK VICE PRESIDENT AND TREASURER
    2.00     		5,000 0 0
    700 S FLOWER ST SUITE 560
    LOS ANGELES,CA90017
    DIANA MCKEE SECRETARY
    2.00     		5,000 0 0
    700 S FLOWER ST SUITE 560
    LOS ANGELES,CA90017
    CHRISTOPHER AVERY TRUSTEE
    2.00     		5,000 0 0
    700 S FLOWER ST SUITE 560
    LOS ANGELES,CA90017
    HALINA AVERY TRUSTEE
    2.00     		5,000 0 0
    700 S FLOWER ST SUITE 560
    LOS ANGELES,CA90017
    MICHAEL NEWKIRK TRUSTEE
    2.00     		5,000 0 0
    700 S FLOWER ST SUITE 560
    LOS ANGELES,CA90017
    LESLIE ITO TRUSTEE
    2.00     		5,000 0 0
    700 S FLOWER ST SUITE 560
    LOS ANGELES,CA90017
    THEODORE AVERY TRUSTEE
    2.00     		5,000 0 0
    700 S FLOWER ST SUITE 560
    LOS ANGELES,CA90017
    NIKE IRVIN TRUSTEE
    2.00     		5,000 0 0
    700 S FLOWER ST SUITE 560
    LOS ANGELES,CA90017
    CLAIRE PEEPS EXECUTIVE DIRECTOR
    40.00     		238,079 26,000 0
    700 S FLOWER ST SUITE 560
    LOS ANGELES,CA90017
    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
    STELLA CHUNG PROGRAM MANAGER
    40.00     		86,438 13,500 0
    700 S FLOWER ST SUITE 560
    LOS ANGELES,CA90017
    MARY CRUZ PROGRAM MANAGER
    40.00     		84,596 9,000 0
    700 S FLOWER ST SUITE 560
    LOS ANGELES,CA90017
    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
    ANGELES INVESTMENT ADVISORS INVESTMENT SERVICES 223,883
    429 SANTA MONICA BLVD SUITE 650
    SANTA MONICA,CA90401
    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 SPRINGBOARD PROGRAMS - BRAIN TRUST MEETINGS AND MENTORING FEES. 70,498
    2 SABBATICAL - RETREAT, FACILITATOR FEES, AND AWARD CEREMONY. 40,647
    3 ALL PROGRAMS PROFESSIONAL FUND - UNDERWRITE FELLOWS PARTICIPATION IN TRAININGS AND CONFERENCES. ALSO, HIRING RETREAT FACILITATORS, ENGAGING BOARD CONSULTANTS, ETC. 40,234
    4 STANTON FELLOWSHIP - RETREAT, QUARTERLY MEETINGS, PROGRAM EVALUATION, AND AWARDS CEREMONY. 2,236
    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
    64,460,832
    b
    Average of monthly cash balances.......................
    1b
    733,856
    c
    Fair market value of all other assets (see instructions)................
    1c
    100,368
    d
    Total (add lines 1a, b, and c).........................
    1d
    65,295,056
    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
    65,295,056
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    979,426
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    64,315,630
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,215,782
    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
    3,215,782
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    72,893
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    3,873
    c
    Add lines 2a and 2b............................
    2c
    76,766
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,139,016
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,139,016
    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
    3,139,016
    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 3,139,016
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    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...... 213,214
    d From 2019......  
    e From 2020...... 216,921
    f Total of lines 3a through e ........ 430,135
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,756,634
    a Applied to 2020, but not more than line 2a 0
    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..... 3,139,016
    e Remaining amount distributed out of corpus 617,618
    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 1,047,753
    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 ......     		1,047,753
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 213,214
    c Excess from 2019....  
    d Excess from 2020.... 216,921
    e Excess from 2021.... 617,618
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CLAIRE PEEPS
    700 S FLOWER ST SUITE 560
    LOS ANGELES,CA90017
    (310) 899-5120
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER FORM - GO TO HTTPS://DURFEE.ORG/
    cAny submission deadlines:
    NO
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GO TO HTTPS://DURFEE.ORG/
    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
    ADVANCEMENT PROJECT CALIFORNIA
    PO BOX 39347
    LOS ANGELES,CA90039     		  PC SABBATICAL GRANT 10,000
    ALL PEOPLES COMMUNITY CENTER
    822 EAST 20TH STREET
    LOS ANGELES,CA90011     		  PC FLOW FUNDS GRANT 190,000
    BARRIO ACTION YOUTH & FAMILY CENTER
    4927 HUNTINGTON DRIVE SUITE 200
    LOS ANGELES,CA90032     		  PC SABBATICAL GRANT 190,000
    BLACK COOPERATIVE INVESTMENT FUND
    6080 CENTER DRIVE 6TH FLOOR
    LOS ANGELES,CA90045     		  PC GENERAL OPERATING 100,000
    CALIFORNIA ASSOCIATION OF NONPROFITS
    870 MARKET STREET SUITE 985
    SAN FRANCISCO,CA94102     		  PC GENERAL OPERATING 25,000
    CALIFORNIA COMMUNITY FOUNDATION
    221 S FIGUEROA STREET SUITE 400
    LOS ANGELES,CA90012     		  PC NSI GRANT 25,000
    CALIFORNIA LATINAS FOR REPRODUCTIVE JUSTICE
    PO BOX 861766
    LOS ANGELES,CA90086     		  PC SABBATICAL GRANT 10,000
    CENTER FOR NONPROFIT MANAGEMENT
    1000 N ALAMEDA ST SUITE 250
    LOS ANGELES,CA90012     		  PC GENERAL OPERATING 25,000
    CENTRAL AMERICAN RESOURCE CENTER
    2845 W 7TH STREET
    LOS ANGELES,CA90005     		  PC SABBATICAL GRANT 10,000
    COALITION FOR RESPONSIBLE COMMUNITY DEVELOPMENT
    3101 S GRAND AVENUE
    LOS ANGELES,CA90007     		  PC STANTON FELLOWSHIP 40,775
    COMMUNITY COALITION FOR SUBSTANCE ABUSE PREVENTION AND TREATMENT
    8101 S VERMONT AVENUE
    LOS ANGELES,CA90044     		  PC STANTON FELLOWSHIP AND SABBATICAL GRANT 92,654
    CULTIVALA
    1723 JAMES WOOD BLVD
    LOS ANGELES,CA90015     		  PC SPRINGBOARD FUND 35,000
    EARTHWATCH INSTITUTE
    1380 SOLDIERS FIELD ROAD
    BOSTON,MA02135     		  PC GENERAL OPERATING 148,530
    EL NIDO FAMILY CENTER
    440 W SHATTO PLACE SUITE 417
    LOS ANGELES,CA90020     		  PC SABBATICAL GRANT 10,000
    EMERGING PRACTITIONERS IN PHILANTHROPY
    PO BOX 399385
    SAN FRANCISCO,CA94139     		  PC GENERAL OPERATING 2,500
    ENGAGE
    240 E VERDUGO AVENUE SUITE 100
    BURBANK,CA91502     		  PC SABBATICAL GRANT 10,000
    INCLUSIVE ACTIOIN FOR THE CITY
    2900 E CESAR CHAVEZ AVENUE
    LOS ANGELES,CA90033     		  PC LARK AWARD PILOT PROGRAM AND FLOW FUND GRANT 200,000
    INNER CITY LAW CENTER
    1309 E SEVENTH STREET
    LOS ANGELES,CA90021     		  PC SABBATICAL GRANT 10,000
    KOREATOWN IMMIGRANT WORKERS ALLIANCE
    941 S VERMONT SUITE 301
    LOS ANGELES,CA90006     		  PC FLOW FUNDS GRANT AND SABBATICAL GRANT 200,000
    LA COMPOST
    221 W AVE 45
    LOS ANGELES,CA90065     		  PC LARK AWARD PILOT 10,000
    LA MAS
    2806 CLEARWATER STREET
    LOS ANGELES,CA90039     		  PC LARK AWARD PILOT PROGRAM AND FLOW FUNDS GRANT 200,000
    LA VOICE
    3660 WILSHIRE BOULEVARD SUITE 602
    LOS ANGELES,CA90010     		  PC SABBATICAL GRANT 10,000
    LEADING FROM WITHIN
    PO BOX 806
    SANTA BARBARA,CA93102     		  PC GENERAL OPERATING 25,000
    LEGACY LA YOUTH DEVELOPMENT CORP
    1350 SAN PABLO STREET
    LOS ANGELES,CA90033     		  PC SABBATICAL GRANT 10,000
    LOS ANGELES ALIANCE FOR A NEW ECONOMY
    464 LUCAS AVENUE SUITE 202
    LOS ANGELES,CA90017     		  PC FLOW FUNDS GRANT AND SPRINGBOARD FUND 255,000
    LOS ANGELES COMMUNITY ACTION NETWORK
    456 S MAIN STREET GROUND FLOOR
    LOS ANGELES,CA90013     		  PC FLOW FUNDS GRANT 190,000
    LOST ANGELS CHILDREN'S PROJECT
    45059 TREVOR AVE
    LANCASTER,CA93534     		  PC FLOW FUNDS GRANT AND SPRINGBOARD FUND 240,000
    NATIONAL CENTER FOR FAMILY PHILANTHROPY
    1667 K STREET NW
    WASHINGTON,DC20006     		  PC GENERAL OPERATING 25,000
    PHYSICIANS FOR SOCIAL RESPONSIBILITY - LOS ANGELES
    617 S OLIVE STREET SUITE 1100
    LOS ANGELES,CA90014     		  PC SABBATICAL GRANT 10,000
    PILIPINO WORKERS CENTER OF SOUTHERN CALIFORNIA
    153 GLENDALE BLVD 1ST FLOOR
    LOS ANGELES,CA90026     		  PC FLOW FUNDS GRANT 190,000
    PROJECTQ
    818 N SPRING ST 100
    LOS ANGELES,CA90012     		  PC SPRINGBOARD FUND 50,000
    REGENTS OF THE UNIVERSITY OF CALIFORNIA
    S545 STUDENT SERVICES BLVD MC 1900
    BERKELEY,CA94720     		  PC GENERAL OPERATING 10,000
    SOCIAL & ENVIRONMENTAL ENTREPRENEURS
    23564 CALABASAS SUITE 201
    CALABASAS,CA91302     		  PC STANTON FELLOWSHIP 75,000
    UNITED WAY OF GREATER LOS ANGELES
    1150 S OLIVE STREET SUITE T500
    LOS ANGELES,CA90015     		  PC STANTON FELLOWSHIP 5,000
    UPWARD BOUND HOUSE
    1104 WASHINGTON AVENUE
    LOS ANGELES,CA90403     		  PC SABBATICAL GRANT 10,000
    YWCA GLENDALE AND PASADENA
    735 E LEXINGTON DRIVE
    GLENDALE,CA91202     		  PC SABBATICAL GRANT 10,000
    Total .................................bullet 3a 2,659,459
    bApproved for future payment
    ADVANCEMENT PROJECT CALIFORNIA
    PO BOX 39347
    LOS ANGELES,CA90039     		  PC SABBATICAL GRANT 50,000
    CALIFORNIA LATINAS FOR REPRODUCTIVE JUSTICE
    PO BOX 861766
    LOS ANGELES,CA90086     		  PC SABBATICAL GRANT 50,000
    CENTRAL AMERICAN RESOURCE CENTER
    2845 W 7TH STREET
    LOS ANGELES,CA90005     		  PC SABBATICAL GRANT 50,000
    EL NIDO FAMILY CENTER
    440 W SHATTO PLACE SUITE 417
    LOS ANGELES,CA90020     		  PC SABBATICAL GRANT 50,000
    ENGAGE
    240 E VERDUGO AVENUE SUITE 100
    BURBANK,CA91502     		  PC SABBATICAL GRANT 50,000
    INNER CITY LAW CENTER
    1309 E SEVENTH STREET
    LOS ANGELES,CA90021     		  PC SABBATICAL GRANT 50,000
    KOREATOWN IMMIGRANT WORKERS ALLIANCE
    941 S VERMONT SUITE 301
    LOS ANGELES,CA90006     		  PC SABBATICAL GRANT 50,000
    LA VOICE
    3660 WILSHIRE BOULEVARD SUITE 602
    LOS ANGELES,CA90010     		  PC SABBATICAL GRANT 50,000
    LEGACY LA YOUTH DEVELOPMENT CORP
    1350 SAN PABLO STREET
    LOS ANGELES,CA90033     		  PC SABBATICAL GRANT 50,000
    LOST ANGELS CHILDREN'S PROJECT
    45059 TREVOR AVE
    LANCASTER,CA93534     		  PC SPRINGBOARD FUND 30,000
    PHYSICIANS FOR SOCIAL RESPONSIBILITY - LOS ANGELES
    617 S OLIVE STREET SUITE 1100
    LOS ANGELES,CA90014     		  PC SABBATICAL GRANT 50,000
    PROJECTQ
    818 N SPRING ST 100
    LOS ANGELES,CA90012     		  PC SPRINGBOARD FUND 100,000
    UPWARD BOUND HOUSE
    1104 WASHINGTON AVENUE
    LOS ANGELES,CA90403     		  PC SABBATICAL GRANT 50,000
    YWCA GLENDALE AND PASADENA
    735 E LEXINGTON DRIVE
    GLENDALE,CA91202     		  PC SABBATICAL GRANT 50,000
    Total .................................bullet 3b 730,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 154  
    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 ............     		523000 27,363 18 4,471,718  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aALTERNATIVE INVESTMENTS     		523000 -6,523 14 996,598  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 20,840 5,568,690 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,589,530
    (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:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 41,495 37,346   4,149

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

    TY 2021 DepreciationSchedule
    Name:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    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
    WEBSITE 2016-08-01 72,790 72,790 SL 3.000000000000 0 0    
    COMPUTER 2018-06-06 3,295 1,702 SL 5.000000000000 659 0    
    LAPTOP 2018-06-06 1,795 927 SL 5.000000000000 359 0    
    LAPTOP 2018-06-06 1,795 927 SL 5.000000000000 359 0    
    FURNITURE 2018-12-31 42,024 12,006 SL 7.000000000000 6,003 0    
    LEASEHOLD IMPROVEMENTS 2018-12-31 80,862 10,782 SL 15.000000000000 5,391 0    
    COMPUTER 2020-12-19 4,452   SL 5.000000000000 890 0    

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

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    ALTERNATIVE INVESTMENTS 2021-01 PURCHASED 2021-12   27,363   COST 0 27,363  

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BOND FUNDS 3,171,599 3,171,599

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITY FUNDS 3,229,193 3,229,193

    TY 2021 InvestmentsOtherSchedule2
    Name:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALTERNATIVE INVESTMENTS FMV 57,629,141 57,629,141

    TY 2021 LandEtcSchedule2
    Name:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    WEBSITE 72,790 72,790 0  
    COMPUTER 3,295 2,361 934  
    LAPTOP 1,795 1,286 509  
    LAPTOP 1,795 1,286 509  
    FURNITURE 42,024 18,009 24,015  
    LEASEHOLD IMPROVEMENTS 80,862 16,173 64,689  
    COMPUTER 4,452 890 3,562  


    TY 2021 LegalFeesSchedule
    Name:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 33,046 0   33,046


    TY 2021 OtherAssetsSchedule
    Name:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    REDEMPTION RECEIVABLE 252,983 0 0


    TY 2021 OtherDecreasesSchedule
    Name:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    Description Amount
    BOOK/TAX DIFFERENCES ON K-1'S 316


    TY 2021 OtherExpensesSchedule
    Name:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DIRECT CHARITABLE EXPENSES 215,052 0   189,400
    INSURANCE 5,954 0   5,954
    MISCELLANEOUS 4,760 0   4,760
    OFFICE EXPENSE 11,963 0   11,963
    PARKING 1,158 0   1,182
    POSTAGE 92 0   92
    PROFESSIONAL DEVELOPMENT 8,670 0   8,670
    TELEPHONE 6,694 0   6,694


    TY 2021 OtherIncomeSchedule2
    Name:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ALTERNATIVE INVESTMENTS 990,075 996,598 990,075


    TY 2021 OtherIncreasesSchedule
    Name:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    Description Amount
    UNREALIZED GAINS ON SECURITIES 2,299,991


    TY 2021 OtherLiabilitiesSchedule
    Name:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED EXCISE TAXES 119,184 151,154


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 224,033 224,033   0
    PAYROLL SERVICE 1,830 0   1,830
    TECHNICAL SUPPORT 5,361 0   5,361
    WEBSITE MAINTENANCE 5,700 0   6,200


    TY 2021 TaxesSchedule
    Name:
    DURFEE FOUNDATION
    EIN:
    95-4856207
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 105,147 0   0