Form990-PF
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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
CAERUS FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)3100 SANDERS ROAD SUITE 500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NORTHBROOK, IL60062
A Employer identification number

71-0935903
B Telephone number (see instructions)

(847) 559-2000
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$185,100,003J 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) 25,000,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 3,369,532 3,353,549  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 18,496,707
b Gross sales price for all assets on line 6a 49,931,813
7 Capital gain net income (from Part IV, line 2)... 18,494,495
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 -467,103 -643,481  
12 Total. Add lines 1 through 11........ 46,399,136 21,204,563  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 17,210 17,210   0
b Accounting fees (attach schedule)....... Click to see attachment 48,581 24,291   24,290
c Other professional fees (attach schedule).... Click to see attachment 1,607,392 1,015,190   600,394
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 349,808 25,048   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,178 0   2,178
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,640 0   2,640
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,027,809 1,081,739   629,502
25 Contributions, gifts, grants paid....... 18,321,951 16,284,690
26 Total expenses and disbursements. Add lines 24 and 25 20,349,760 1,081,739   16,914,192
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 26,049,376
b Net investment income (if negative, enter -0-) 20,122,824
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............. 5,707,277 2,039,666 2,039,666
2 Savings and temporary cash investments......... 6,057,897 5,686,492 5,686,492
3 Accounts receivable bullet3,348,212
Less: allowance for doubtful accounts bullet   3,303,549 3,348,212 3,348,212
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.......... 899    
10a Investments—U.S. and state government obligations (attach schedule) 1,693,917 0 0
b Investments—corporate stock (attach schedule)....... 13,744,241 0 0
c Investments—corporate bonds (attach schedule)....... 1,874,409 0 0
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 130,377,857 Click to see attachment174,025,633 174,025,633
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 162,760,046 185,100,003 185,100,003
Liabilities 17 Accounts payable and accrued expenses.......... 45,692 37,500
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment8,040,867 Click to see attachment10,078,128
23 Total liabilities (add lines 17 through 22)......... 8,086,559 10,115,628
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 154,673,487 174,984,375
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 154,673,487 174,984,375
30 Total liabilities and net assets/fund balances (see instructions). 162,760,046 185,100,003
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
154,673,487
2
Enter amount from Part I, line 27a .....................
2
26,049,376
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
180,722,863
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
5,738,488
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
174,984,375
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      
b BIOTECHNOLOGY VALUE FUND II, LP STCG P    
c BIOTECHNOLOGY VALUE FUND II, LP LTCG P    
d CONTROLLED ENVIRONMENT FOODS FUND LTCG P    
e LOGAN STONE CAPITAL QP, LP LTCG P    
METHOD ONE, LLC LTCL P    
RMB FIXED INCOME OPPORTUNITIES QP, LLC STCG P    
RMB FIXED INCOME OPPORTUNITIES QP, LLC LTCG P    
RMB FIXED INCOME OPPORTUNITIES QP, LLC_1231 P    
TWIN LAKE TOTAL RETURN PARTNER STCG P    
TWIN LAKE TOTAL RETURN PARTNER LTCG P    
Z CAPITAL LOAN OPPORTUNITY FUND, LP_1231 P    
Z CAPITAL PARTNERS III, LP STCG P    
Z CAPITAL PARTNERS III, LP LTCG P    
LOGAN STONE CAPITAL QP, LP LOSS ON PARTNERSHIP DISPOSITION P    
RMB FIXED INCOME OPPORTUNITIES QP, LLC LOSS ON PARTNERSHIP DISPOSITION P    
RMB JAPAN OPPORTUNITIES FUND, LP GAIN ON PARTNERSHIP DISPOSITION P    
TWIN LAKE TOTAL RETURN PARTNERS QP L.P GAIN ON PARTNERSHIP DISPOSITION P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 40,342,453   31,321,570 9,020,883
b 1,629,705     1,629,705
c 1,527,187     1,527,187
d 375,343     375,343
e 2,176     2,176
    38,343 -38,343
    2,833 -2,833
    15,293 -15,293
    17 -17
46,880     46,880
41,088     41,088
    2 -2
3,779     3,779
868,037     868,037
41,935     41,935
1,984     1,984
    58,941 -58,941
    319 -319
5,051,246     5,051,246
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       9,020,883
b       1,629,705
c       1,527,187
d       375,343
e       2,176
      -38,343
      -2,833
      -15,293
      -17
      46,880
      41,088
      -2
      3,779
      868,037
      41,935
      1,984
      -58,941
      -319
      5,051,246
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 18,494,495
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........................... 3 279,707
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- ..... 5 279,707
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 190,616
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 103,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 293,616
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1,358
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 12,551
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet12,551 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)
    bulletIL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.CAERUSFOUNDATION.ORG
    14
    The books are in care ofbulletCATHY WEREDA Telephone no.bullet (847) 559-2000

    Located atbullet3100 SANDERS ROAD SUITE 500NORTHBROOKIL ZIP+4bullet60062
    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)
    Yes
     
    (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
    Yes
     
    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
     
    No
    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
    J THOMAS HURVIS PRESIDENT/DIRECTOR
    5.00     		0 0 0
    3100 SANDERS ROAD SUITE 500
    NORTHBROOK,IL60062
    SARA H YOUNKIN VP/DIRECTOR
    20.00     		0 0 0
    3100 SANDERS ROAD SUITE 500
    NORTHBROOK,IL60062
    CHRISTINA M HURVIS SECRETARY/DIRECTOR
    20.00     		0 0 0
    3100 SANDERS ROAD SUITE 500
    NORTHBROOK,IL60062
    CONNIE GIAMPAPA ASSISTANT SECRETARY
    1.00     		0 0 0
    3100 SANDERS ROAD SUITE 500
    NORTHBROOK,IL60062
    CATHY WEREDA TREASURER
    1.00     		0 0 0
    3100 SANDERS ROAD SUITE 500
    NORTHBROOK,IL60062
    SARAH BARRY ASSISTANT TREASURER (BEG 2/21)
    1.00     		0 0 0
    3100 SANDERS ROAD SUITE 500
    NORTHBROOK,IL60062
    BRYON STANISLAW ASSISTANT TREASURER (UNTIL 2/21)
    1.00     		0 0 0
    3100 SANDERS ROAD SUITE 500
    NORTHBROOK,IL60062
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    THE HURVIS GROUP PROFESSIONAL FEES 600,000
    3100 SANDERS ROAD SUITE 500
    NORTHBROOK,IL600627155
    WELLS FARGO PROFESSIONAL FEES 144,821
    6325 S RAINBOW BLVD STE 300
    LAS VEGAS,NV89118
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    137,606,585
    b
    Average of monthly cash balances.......................
    1b
    2,904,939
    c
    Fair market value of all other assets (see instructions)................
    1c
    18,084,878
    d
    Total (add lines 1a, b, and c).........................
    1d
    158,596,402
    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
    158,596,402
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,378,946
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    156,217,456
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    7,810,873
    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
    7,810,873
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    279,707
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    33,769
    c
    Add lines 2a and 2b............................
    2c
    313,476
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,497,397
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    7,497,397
    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
    7,497,397
    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 7,497,397
    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...... 21,941,522
    d From 2019...... 9,378,438
    e From 2020...... 9,071,691
    f Total of lines 3a through e ........ 40,391,651
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 16,914,192
    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..... 7,497,397
    e Remaining amount distributed out of corpus 9,416,795
    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 49,808,446
    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) .......     		25,000,000
    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 ......     		24,808,446
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019.... 6,319,960
    d Excess from 2020.... 9,071,691
    e Excess from 2021.... 9,416,795
    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).)
    J THOMAS HURVIS
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    826 VALENCIA
    826 VALENCIA STREET
    SAN FRANCISCO,CA94110     		  PC GENERAL OPERATING SUPPORT 300,000
    826 VALENCIA
    826 VALENCIA STREET
    SAN FRANCISCO,CA94110     		  PC HOLIDAY SUPPORT 10,000
    826CHI
    1276 N MILWAUKEE AVENUE
    CHICAGO,IL60622     		  PC GENERAL OPERATING SUPPORT 45,000
    ALBANY PARK THEATER PROJECT
    PO BOX 25072
    CHICAGO,IL60625     		  PC SUSTAIN AND ENHANCE APTPS SCHOOLBASED PROGRAMS 50,000
    AMERICA SCORES BAY AREA
    C/O IMPACT HUB SF 1885 MISSION
    STREET
    SAN FRANCISCO,CA94103     		  PC SCORES PROGRAMMING 50,000
    AMERICA SCORES CHICAGO
    600 WEST CERMAK RD 204
    CHICAGO,IL60616     		  PC AMERICA SCORES CHICAGO: LITERACY IN ACTION PROGRAMMING 35,000
    ARTS AT LARGE INC
    1100 SOUTH 5TH STREET
    MILWAUKEE,WI53204     		  PC EMERGENCY RESPONSES FUNDS FOR CONTINUED PROGRAMS 10,000
    AUDUBON GREAT LAKES
    17 N STATE STREET SUITE 1650
    CHICAGO,IL60602     		  PC SUPPORT FOR THE WILD INDIGO NATURE EXPLORATIONS 45,000
    BIG BROTHERS BIG SISTERS OF METROPOLITAN CHICAGO
    560 W LAKE ST 5TH FLOOR
    CHICAGO,IL60661     		  PC HOLIDAY SUPPORT 10,000
    BIG BROTHERS BIG SISTERS OF METROPOLITAN CHICAGO
    560 W LAKE ST 5TH FLOOR
    CHICAGO,IL60661     		  PC FOR THE ENGLEWOOD/SOUTH OFFICE 300,000
    BIG CITY MOUNTAINEERS
    710 10TH STREET
    GOLDEN,CO80401     		  PC GENERAL PROGRAM SUPPORT 25,000
    BLACK ENSEMBLE THEATER
    4450 N CLARK STREET
    CHICAGO,IL60640     		  PC GENERAL OPERATING SUPPORT 50,000
    BOTTOM LINE INC
    65 EAST WACKER PLACE SUITE 800
    CHICAGO,IL60601     		  PC FIRST INSTALLMENT FOR COLLEGE SUCCESS PROGRAM 75,000
    BIG BROTHERS BIG SISTERS OF METROPOLITAN CHICAGO
    560 W LAKE ST 5TH FLOOR
    CHICAGO,IL60661     		  PC EMERGENCY SUPPORT FOR MILWAUKEE COMMUNITY 10,000
    BUILD INC
    5100 W HARRISON ST
    CHICAGO,IL60644     		  PC FOR THE COLLEGE ACCESS AND PERSISTENCE ACADEMY (CAPA) 90,132
    BUILD INC
    5100 W HARRISON ST
    CHICAGO,IL60644     		  PC COMMUNITY MENTAL HEALTH SERVICES GRANT 75,000
    BUILD INC
    5100 W HARRISON ST
    CHICAGO,IL60644     		  PC BUILD THE FUTURE CAMPAIGN 1,000,000
    CHIARTS FOUNDATION
    30 N LASALLE STREET SUITE 3000
    CHICAGO,IL60602     		  PC CHIARTS NOVICE ARTS ACCESS AND OUTREACH PROGRAMS 100,000
    CHIARTS FOUNDATION
    30 N LASALLE STREET SUITE 3000
    CHICAGO,IL60602     		  PC VIRTUAL EVENT 5,000
    CHICAGO COMMONS ASSOCIATION
    515 E 50TH STREET SUITE 200
    CHICAGO,IL60651     		  PC COVID-19 EDUCATION AND OUTREACH PROGRAM 25,000
    CHICAGO JAZZ PHILHARMONIC
    1111 NORTH WELLS STREET SUITE 501
    CHICAGO,IL60610     		  PC JAZZ ACADEMY FOR 2021-2022 74,919
    CHICAGO LIGHTS
    126 E CHESTNUT STREET
    CHICAGO,IL60611     		  PC HOLIDAY SUPPORT 10,000
    CHICAGO LIGHTS
    126 E CHESTNUT STREET
    CHICAGO,IL60611     		  PC OUTREACH PROGRAMS 75,000
    CHICAGO SCHOLARS
    247 S STATE STREET SUITE 700
    CHICAGO,IL60604     		  PC INNOVATION AND SUSTAINABILITY SUPPORT OVER 2 YEARS 200,000
    CITY YEAR CHICAGO
    287 COTUMBUS AVE
    BOSTON,MA02116     		  PC SUPPORT FOR CPS SCHOOLS IN ENGLEWOOD 425,000
    COLLEGE POSSIBLE
    215 W SUPERIOR ST SUITE 300
    CHICAGO,IL60654     		  PC NEW PARTNERSHIP WITH BACK OF THE YARDS COLLEGE PREP HS 50,000
    COLLEGE POSSIBLE
    215 W SUPERIOR ST SUITE 300
    CHICAGO,IL60654     		  PC PROMISE SCHOLARS AND HIGH SCHOOL PROGRAM EXPANSION SUPPORT 207,000
    DOCTORS WITHOUT BORDERS USA INC
    40 RECTOR STREET 16TH FLOOR
    NEW YORK,NY10006     		  PC GENERAL OPERATING SUPPORT 650,000
    FIRST GRADUATE
    2973 16TH STREET SUITE 400
    SAN FRANCISCO,CA94103     		  PC GENERAL OPERATING SUPPORT 285,000
    FOREFRONT
    208 SOUTH LASALLE STREET SUITE 1540
    CHICAGO,IL60604     		  PC CAPACITY BUILDING FOR PROFESSIONAL DEVELOPMENT AND RESEARCH 28,600
    FRIENDS OF THE FOREST PRESERVES
    411 S WELLS ST SUITE 300
    CHICAGO,IL60607     		  PC SUPPORT THE NORTH BRANCH CONSERVATION CORPS 100,000
    GATHERING WATERS
    211 SOUTH PATERSON STREET SUITE 270
    MADISON,WI53703     		  PC GENERAL OPERATING SUPPORT 100,000
    GATHERING WATERS
    211 SOUTH PATERSON STREET SUITE 270
    MADISON,WI53703     		  PC PRIORITY PROJECTS FOR WISCONSIN LAND TRUSTS 140,000
    GLOBAL STRATEGIES
    828 SAN PABLO AVENUE SUITE 260
    ALBANY,CA94706     		  PC COMMUNITY PARTNERSHIP FOR IMPROVING HEALTHCARE 400,000
    HALO TRUST USA INC
    1730 RHODE ISLAND AVENUE NW SUITE
    206
    WASHINGTON,DC20036     		  PC 1:1 MATCHING FUNDS FOR NK LANDMINE REMOVAL 524,390
    HALO TRUST USA INC
    1730 RHODE ISLAND AVENUE NW SUITE
    206
    WASHINGTON,DC20036     		  PC CONSERVATION, WOMENSEMPOWERMENT, AND INNOVATION 1,300,000
    HEIFER INTERNATIONAL
    1 WORLD AVENUE
    LITTLE ROCK,AR72202     		  PC LIVING INCOME PROJECTS GLOBALLY 100,000
    HEIFER INTERNATIONAL
    1 WORLD AVENUE
    LITTLE ROCK,AR72202     		  PC EMERGENCY RESPONSE ACTIVITIES IN HAITI 15,000
    HOPE HOUSE OF MILWAUKEE INC
    209 W ORCHARD ST
    MILWAUKEE,WI53204     		  PC EMERGENCY RESPONSE FUNDS FOR CONTINUED PROGRAMS 10,000
    HOWARD AREA COMMUNITY CENTER
    7648 N PAULINA STREET
    CHICAGO,IL60626     		  PC PROMISE SCHOLARS AND COLLEGE AND CAREER COACH SUPPORT 192,402
    HOWARD AREA COMMUNITY CENTER
    7648 N PAULINA STREET
    CHICAGO,IL60626     		  PC GENERAL OPERATING SUPPORT 160,000
    INGENUITY INC CHICAGO
    440 N WELLS SUITE 505
    CHICAGO,IL60654     		  PC GENERAL OPERATING SUPPORT 30,000
    INGENUITY INC CHICAGO
    440 N WELLS SUITE 505
    CHICAGO,IL60654     		  PC VIRTUAL GALA 5,000
    JAMESTOWN COMMUNITY CENTER
    2929 19TH STREET
    SAN FRANCISCO,CA94110     		  PC HOLIDAY SUPPORT 10,000
    JAMESTOWN COMMUNITY CENTER
    2929 19TH STREET
    SAN FRANCISCO,CA94110     		  PC 2021 SUMMER CAMP 60,000
    LAKELAND UNIVERSITY
    W3718 SOUTH DRIVE
    PLYMOUTH,WI53073     		  PC HURVIS SCHOLARS PROGRAM 120,000
    MADISON AUDUBON SOCIETY
    1400 E WASHINGTON STE 170
    MADISON,WI53703     		  PC EDUCATION AND INTERNSHIP PROGRAMS SUPPORT 80,000
    MAG AMERICA
    1776 K STREET NW SUITE 350
    WASHINGTON,DC20006     		  PC MAG'S CAMBODIA PROGRAM 825,000
    MERIT SCHOOL OF MUSIC
    38 S PEORIA STREET
    CHICAGO,IL60607     		  PC SUPPORT FOR 4 PARTNER SITES IN THE MMIC PROGRAM 125,000
    MERIT SCHOOL OF MUSIC
    38 S PEORIA STREET
    CHICAGO,IL60607     		  PC VIRTUAL GALA 10,000
    METRO SQUASH NFP
    6100 S COTTAGE GROVE AVE
    CHICAGO,IL60637     		  PC 2021 SUMMER CAMPS; COLLEGE AND CAREERS PROGRAM 62,000
    MISSION GRADUATES
    3040 16TH STREET
    SAN FRANCISCO,CA94103     		  PC GENERAL OPERATING SUPPORT 575,500
    MISSION GRADUATES
    3040 16TH STREET
    SAN FRANCISCO,CA94103     		  PC PROMISE SCHOLARS PROGRAM MANAGEMENT 178,154
    MISSION GRADUATES
    3040 16TH STREET
    SAN FRANCISCO,CA94103     		  PC PROMISE SCHOLAR PROGRAM GRADUATING STUDENT GIFTS 7,200
    MOUNT MERCY UNIVERSITY
    1330 ELMHURST DRIVE NE WARDE 206A
    CEDAR RAPIDS,IA52402     		  PC HURVIS SCHOLARS PROGRAM 36,000
    MUSIC INSTITUTE OF CHICAGO
    1702 SHERMAN AVE
    EVANSTON,IL60201     		  PC VIRTUAL GALA 10,000
    MUTTVILLE
    PO BOX 410207
    SAN FRANCISCO,CA94141     		  PC SENIORS FOR SENIORS PROGRAM AND HUMANE EDUCATION PROGRAM 30,000
    MUTTVILLE
    PO BOX 410207
    SAN FRANCISCO,CA94141     		  PC 1:1 MATCHING FUNDS FOR MUTTVILLES CAPITAL CAMPAIGN 100,000
    NATIONAL AUDUBON SOCIETY
    225 VARICK ST 7TH FL
    NEW YORK,NY10014     		  PC STRENGTHENING AUDUBON'S NETWORK MOMENTUM 1,031,963
    NATIONAL FISH AND WILDLIFE FOUNDATION
    8011 34TH AVE SOUTH SUITE 242
    BLOOMINGTON,MN55425     		  PC FUNDING COLLABORATION 400,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 W 20TH ST 11TH FL
    NEW YORK,NY10011     		  PC GENERAL SUPPORT IN THE MIDWEST 250,000
    NAVY PIER
    600 E GRAND AVE
    CHICAGO,IL60611     		  PC "SAVE THE PEOPLE'S PIER" CAMPAIGN 250,000
    NORTHWOODS LAND TRUST INC
    PO BOX 321
    EAGLE RIVER,WI54521     		  PC WIDNR LAKE PROTECTION GRANT 50,000
    NORTHWOODS LAND TRUST INC
    PO BOX 321
    EAGLE RIVER,WI54521     		  PC BEAVER CREEK HEMLOCKS PROJECT 100,000
    ONE MILLION DEGREES
    180 N WABASH SUITE 310
    CHICAGO,IL60601     		  PC GENERAL PROGRAM SUPPORT 350,000
    PANZI FOUNDATION
    5185 MACARTHUR BOULEVARD NW 708
    WASHINGTON,DC20016     		  PC SUPPORT MOBILE CLINICS IN THE DRC 58,000
    PARTNERS IN HEALTH
    800 BOYLSTON STREET SUITE 300
    BOSTON,MA02199     		  PC MATERNAL AND CHILD HEALTH CARE INITIATIVES 250,028
    PARTNERS IN HEALTH
    800 BOYLSTON STREET SUITE 300
    BOSTON,MA02199     		  PC EMERGENCY RESPONSE ACTIVITIES IN HAITI 50,000
    PATHFINDERS MILWAUKEE INC
    4200 N HOLTON ST SUITE 400
    MILWAUKEE,WI53212     		  PC EMERGENCY RESPONSE FUNDS FOR CONTINUED PROGRAMS 10,000
    PAWS CHICAGO
    1997 NORTH CLYBOURN AVENUE
    CHICAGO,IL60614     		  PC COMMUNITY OUTREACH PROGRAMS 75,000
    PROJECT EDUCATION PLUS
    HOLY FAMILY LUTHERAN CHURCH 542 W
    HOBBIE ST
    CHICAGO,IL60610     		  PC DIRECT SCHOLARSHIPS AND GENERAL OPERATING SUPPORT 25,000
    ROOM TO READ
    465 CALIFORNIA STREET SUITE 1000
    SAN FRANCISCO,CA94104     		  PC SUPPORTING A PATH TO SCALE GRANT 100,000
    SCHOLARMATCH
    849 VALENCIA STREET
    SAN FRANCISCO,CA94110     		  PC GENERAL OPERATING SUPPORT 100,000
    SKYART
    3026 E 91ST STREET
    CHICAGO,IL60617     		  PC PROJECT IMPACT ART THERAPY SUPPORT 30,000
    SKYART
    3026 E 91ST STREET
    CHICAGO,IL60617     		  PC PROJECT 3RD SPACE 100,000
    STORYCATCHERS THEATRE
    544 W OAK ST STE 1005
    CHICAGO,IL60610     		  PC CHANGING VOICES 50,000
    STORYCATCHERS THEATRE
    544 W OAK ST STE 1005
    CHICAGO,IL60610     		  PC MATCHING FUNDS FOR CHANGING VOICES 50,035
    THE ANTI-CRUELTY SOCIETY
    157 WEST GRAND AVENUE
    CHICAGO,IL60654     		  PC OUTREACH PROGRAMS 50,000
    THE PEOPLE'S MUSIC SCHOOL
    931 W EASTWOOD AVENUE
    CHICAGO,IL60640     		  PC SUPPORT FOR SOUTH SIDE PROGRAMS FOR 2020-2021 250,002
    THE RESURRECTION PROJECT
    1818 S PAULINA
    CHICAGO,IL60608     		  PC OUTRIGHT FUNDS 1,500,000
    THE RESURRECTION PROJECT
    1818 S PAULINA
    CHICAGO,IL60608     		  PC GENERAL OPERATING SUPPORT 1,000,000
    TRICITY FAMILY SERVICES
    1120 RANDALL COURT
    GENEVA,IL60134     		  PC HOLIDAY SUPPORT 10,000
    TRICITY FAMILY SERVICES
    1120 RANDALL COURT
    GENEVA,IL60134     		  PC WILDERNESS CHALLENGE PROGRAM, TREK, AND COMPASS 20,000
    TUTORING CHICAGO
    2145 NORTH HALSTED
    CHICAGO,IL60614     		  PC SUSTAINABILITY GRANT 250,000
    TUTORING CHICAGO
    2145 NORTH HALSTED
    CHICAGO,IL60614     		  PC 1:1 MATCHING FUNDS FOR PROGRAM AND ORGANIZATION SUSTAINABILITY 100,106
    TUTORING CHICAGO
    2145 NORTH HALSTED
    CHICAGO,IL60614     		  PC 1:1 MATCHING FUNDS FOR GENERAL OPERATING SUPPORT 48,259
    UNITED PERFORMING ARTS FUND
    301 W WISCONSIN AVE SUITE 600
    MILWAUKEE,WI53203     		  PC COVID-19 RESPONSE 10,000
    UP ON TOP
    1187 FRANKLIN STREET
    SAN FRANCISCO,CA94109     		  PC COMMUNITY HUB INITIATIVE AND SUMMER PROGRAM 35,000
    WILD SPACE DANCE COMPANY
    PO BOX 511665 820 EAST KNAPP STREET
    MILWAUKEE,WI53203     		  PC EMERGENCY SUPPORT FOR MILWAUKEE COMMUNITY 5,000
    YMCA METROPOLITAN MILWAUKEE
    PO BOX 2174
    MILWAUKEE,WI532012174     		  PC EMERGENCY SUPPORT FOR MILWAUKEE COMMUNITY 10,000
    YOUTH SERVICES OF GLENVIEW-NORTHBROOK
    3080 WEST LAKE AVENUE
    GLENVIEW,IL60026     		  PC HOLIDAY SUPPORT 10,000
    YOUTH SERVICES OF GLENVIEW-NORTHBROOK
    3080 WEST LAKE AVENUE
    GLENVIEW,IL60026     		  PC AFTER-SCHOOL PROGRAMMING 35,000
    Total .................................bullet 3a 16,284,690
    bApproved for future payment
    826 VALENCIA
    826 VALENCIA STREET
    SAN FRANCISCO,CA94110     		  PC GENERAL OPERATING SUPPORT 200,000
    826CHI
    1276 N MILWAUKEE AVE
    CHICAGO,IL60625     		  PC GENERAL PROGRAM SUPPORT 45,000
    AUDUBON GREAT LAKES
    17 N STATE STREET SUITE 1650
    CHICAGO,IL60602     		  PC WILD INDIGO: AMPLIFYING COMMUNITY CONSERVATION ENGAGEMENT ACROSS THE GREAT LAKES REGION 60,000
    AUDUBON GREAT LAKES
    17 N STATE STREET SUITE 1650
    CHICAGO,IL60602     		  PC WILD INDIGO: AMPLIFYING COMMUNITY CONSERVATION ENGAGEMENT ACROSS THE GREAT LAKES REGION 60,000
    BIG BROTHERS BIG SISTERS OF METROPOLITAN CHICAGO
    560 W LAKE ST 5TH FLOOR
    CHICAGO,IL60640     		  PC BIG BROTHERS BIG SISTERS ENGLEWOOD/SOUTH SIDE OFFICE 200,000
    BLACK ENSEMBLE THEATER
    4450 N CLARK ST
    CHICAGO,IL60601     		  PC GENERAL OPERATING SUPPORT 50,000
    BOTTOM LINE INC
    65 E WACKER PL SUITE 800
    CHICAGO,IL60602     		  PC BOTTOM LINE SUCCESS PROGRAM 75,000
    CHIARTS FOUNDATION
    30 N LASALLE ST SUITE 3000
    CHICAGO,IL60654     		  PC 2021-22/2022-23 CHIARTS OUTREACH PROGRAMMING: NOVICE ARTS ACCESS 100,000
    COLLEGE POSSIBLE
    215 W SUPERIOR ST SUITE 300
    CHICAGO,IL60654     		  PC COLLEGE POSSIBLE HIGH SCHOOL PROGRAM EXPANSION AT KELLY AND MATHER 75,000
    COLLEGE POSSIBLE
    215 W SUPERIOR ST SUITE 300
    CHICAGO,IL60654     		  PC PROMISE SCHOLARS - COHORT 10 (3) CLASS OF 2025 44,000
    COLLEGE POSSIBLE
    215 W SUPERIOR ST SUITE 300
    CHICAGO,IL60654     		  PC PROMISE SCHOLARS - COHORT 10 (3) CLASS OF 2025 44,000
    COLLEGE POSSIBLE
    215 W SUPERIOR ST SUITE 300
    CHICAGO,IL60654     		  PC PROMISE SCHOLARS - COHORT 10 (3) CLASS OF 2025 44,000
    DOCTORS WITHOUT BORDERS USA INC
    40 RECTOR ST 16TH FLOOR
    NEW YORK,NY10006     		  PC CLIMATE SMART INITIATIVE AND CLIMATE CHANGE FIELD PROJECTS 100,000
    DOCTORS WITHOUT BORDERS USA INC
    40 RECTOR ST 16TH FLOOR
    NEW YORK,NY10006     		  PC EMERGENCY RESPONSE 500,000
    DOCTORS WITHOUT BORDERS USA INC
    40 RECTOR ST 16TH FLOOR
    NEW YORK,NY10006     		  PC CLIMATE SMART INITIATIVE AND CLIMATE CHANGE FIELD PROJECTS 100,000
    DOCTORS WITHOUT BORDERS USA INC
    40 RECTOR ST 16TH FLOOR
    NEW YORK,NY10006     		  PC EMERGENCY RESPONSE 500,000
    FIRST GRADUATE
    2973 16TH ST SUITE 400
    SAN FRANCISCO,CA94103     		  PC FG- PROMISE SCHOLARS, COHORT 10 44,000
    FIRST GRADUATE
    2973 16TH ST SUITE 400
    SAN FRANCISCO,CA94103     		  PC GENERAL OPERATING SUPPORT 100,000
    FIRST GRADUATE
    2973 16TH ST SUITE 400
    SAN FRANCISCO,CA94103     		  PC FG- PROMISE SCHOLARS, COHORT 10 44,000
    FIRST GRADUATE
    2973 16TH ST SUITE 400
    SAN FRANCISCO,CA94103     		  PC FG- PROMISE SCHOLARS, COHORT 10 44,000
    FOREFRONT
    208 S LASALLE ST SUITE 1540
    CHICAGO,IL60604     		  PC CAPACITY BUILDING FOR PROFESSIONAL DEVELOPMENT AND RESEARCH 28,600
    FRIENDS OF THE FOREST PRESERVES
    411 S WELLS ST SUITE 300
    CHICAGO,IL60607     		  PC NORTH BRANCH CONSERVATION CORPS 2021-2023 130,000
    FRIENDS OF THE FOREST PRESERVES
    411 S WELLS ST SUITE 300
    CHICAGO,IL60607     		  PC NORTH BRANCH CONSERVATION CORPS 2021-2023 130,000
    GATHERING WATERS WISCONSIN'S ALLIANCE FOR LAND TRUSTS
    211 S PATERSON ST SUITE 270
    MADISON,WI53703     		  PC GENERAL OPERATING SUPPORT 100,000
    HOWARD AREA COMMUNITY CENTER
    7648 N PAULINA ST
    CHICAGO,IL60626     		  PC HOWARD AREA PROMISE SCHOLARSHIP (PSP) COHORT 10 44,000
    HOWARD AREA COMMUNITY CENTER
    7648 N PAULINA ST
    CHICAGO,IL60626     		  PC HOWARD AREA PROMISE SCHOLARSHIP (PSP) COHORT 10 44,000
    HOWARD AREA COMMUNITY CENTER
    7648 N PAULINA ST
    CHICAGO,IL60626     		  PC HOWARD AREA PROMISE SCHOLARSHIP (PSP) COHORT 10 44,000
    LAKELAND UNIVERSITY
    W3718 SOUTH DRIVE
    PLYMOUTH,WI53073     		  PC HURVIS SCHOLARS CLASS OF 2026 30,000
    LAKELAND UNIVERSITY
    W3718 SOUTH DRIVE
    PLYMOUTH,WI53073     		  PC HURVIS SCHOLARS CLASS OF 2025 30,000
    LAKELAND UNIVERSITY
    W3718 SOUTH DRIVE
    PLYMOUTH,WI53073     		  PC HURVIS SCHOLARS CLASS OF 2026 30,000
    LAKELAND UNIVERSITY
    W3718 SOUTH DRIVE
    PLYMOUTH,WI53073     		  PC HURVIS SCHOLARS CLASS OF 2025 30,000
    LAKELAND UNIVERSITY
    W3718 SOUTH DRIVE
    PLYMOUTH,WI53073     		  PC HURVIS SCHOLARS CLASS OF 2026 30,000
    LAKELAND UNIVERSITY
    W3718 SOUTH DRIVE
    PLYMOUTH,WI53073     		  PC HURVIS SCHOLARS CLASS OF 2025 30,000
    LAKELAND UNIVERSITY
    W3718 SOUTH DRIVE
    PLYMOUTH,WI53073     		  PC HURVIS SCHOLARS CLASS OF 2026 30,000
    MADISON AUDUBON SOCIETY
    1400 E WASHINGTON SUITE 170
    MADISON,WI53703     		  PC MADISON AUDUBON'S EDUCATION PROGRAM: EMPOWERING KIDS THROUGH DISCOVERY! 80,000
    MAG AMERICA
    1776 K STREET NW SUITE 350
    WASHINGTON,DC20006     		  PC MAG'S CAMBODIA PROGRAM 825,000
    MAG AMERICA
    1776 K STREET NW SUITE 350
    WASHINGTON,DC20006     		  PC MAG'S CAMBODIA PROGRAM 700,000
    MISSION GRADUATES
    3040 16TH STREET
    SAN FRANCISCO,CA94103     		  PC MISSION GRADUATES PARENT PARTNER PROGRAM SUPPORT 70,000
    MISSION GRADUATES
    3040 16TH STREET
    SAN FRANCISCO,CA94103     		  PC ASAP PROGRAM SUPPORT 70,000
    MISSION GRADUATES
    3040 16TH STREET
    SAN FRANCISCO,CA94103     		  PC MG/ASAP- PROMISE SCHOLARS COHORT 10 88,000
    MISSION GRADUATES
    3040 16TH STREET
    SAN FRANCISCO,CA94103     		  PC MG/ASAP- PROMISE SCHOLARS COHORT 10 88,000
    MISSION GRADUATES
    3040 16TH STREET
    SAN FRANCISCO,CA94103     		  PC MG/ASAP- PROMISE SCHOLARS COHORT 10 88,000
    MUTTVILLE
    PO BOX 410207
    SAN FRANCISCO,CA94141     		  PC MUTTVILLE'S SENIORS FOR SENIORS PROGRAM & HUMANE EDUCATION PROGRAM 30,000
    SKYART
    3026 E 91ST ST
    CHICAGO,IL60617     		  PC SKYART PROJECT 3RD SPACE (P3S) TEEN PROGRAM SUPPORT 100,000
    STORYCATCHERS THEATRE
    544 W OAK ST SUITE 1005
    CHICAGO,IL60610     		  PC CHANGING VOICES 50,000
    STORYCATCHERS THEATRE
    544 W OAK ST SUITE 1005
    CHICAGO,IL60610     		  PC CHANGING VOICES 49,965
    THE HALO TRUST USA INC
    1730 RHODE ISLAND AVE NW SUITE 206
    WASHINGTON,DC20036     		  PC SAVING LIVES BY INVESTING IN CONSERVATION, WOMEN?S EMPOWERMENT, AND INNOVATION 1,000,000
    THE PEOPLE'S MUSIC SCHOOL
    931 W EASTWOOD AVE
    CHICAGO,IL60640     		  PC THE PEOPLE'S MUSIC SCHOOL SOUTH SIDE PROGRAMS 150,000
    THE PEOPLE'S MUSIC SCHOOL
    931 W EASTWOOD AVE
    CHICAGO,IL60640     		  PC THE PEOPLE'S MUSIC SCHOOL SOUTH SIDE PROGRAMS 99,998
    THE PRAIRIE ENTHUSIASTS
    PO BOX 824
    VIROQUA,WI54665     		  PC HANLEY FARM AND MUELLER TRACT LAND PROTECTION 150,000
    THE RESURRECTION PROJECT
    1818 S PAULINA
    CHICAGO,IL60608     		  PC SUPPORT FOR KEY LEADERSHIP STAFF, ENHANCED MKT AND COMM, AND ONGOING COMMUNITY PROGRAMS. 1,500,000
    UP ON TOP
    1187 FRANKLIN ST
    SAN FRANCISCO,CA94109     		  PC 2020 COMMUNITY HUB INITIATIVE & COMMUNITY SUMMER PROGRAM 35,000
    YOUTH SERVICES OF GLENVIEW-NORTHBROOK
    3080 W LAKE AVE
    GLENVIEW,IL60026     		  PC AFTER-SCHOOL PROGRAMMING 35,000
    Total .................................bullet 3b 8,368,563
    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 ...........     		         
    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 ............     		901101 2,212 18 18,494,495  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aINCOME FROM PASS-THROUGH INVESTMENTS     		901101 177,451 01 -644,738  
    bCLASS ACTION SETTLEMENTS     01 184  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 179,663 21,219,473 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    21,399,136
    (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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    CAERUS FOUNDATION INC
     
    Employer identification number

    71-0935903
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    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
    Special Rules
    ......... 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
    CAERUS FOUNDATION INC
          		Employer identification number
    71-0935903
    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
    J THOMAS HURVIS
     
    3100 SANDERS ROAD SUITE 500
     
    NORTHBROOK, IL60062

    		$ 25,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    CAERUS FOUNDATION INC
          		Employer identification number

    71-0935903
    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
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    CAERUS FOUNDATION INC
          		Employer identification number

    71-0935903
    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 $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use 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 (c) Use 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 (c) Use 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 (c) Use 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:  

    TY 2021 AccountingFeesSchedule
    Name:
    CAERUS FOUNDATION INC
    EIN:
    71-0935903
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 48,581 24,291   24,290

    TY 2021 GeneralExplanationAttachment
    Name:
    CAERUS FOUNDATION INC
    EIN:
    71-0935903
    Identifier Return Reference Explanation
    CONDUIT ELECTION FORM 990-PF, PART XII THE CAERUS FOUNDATION, INC. ("FOUNDATION") IS TREATING DISTRIBUTIONS AS BEING MADE OUT OF CORPUS FOR PURPOSES OF PERMITTING DONOR(S) TO CLAIM A FULL FAIR MARKET DEDUCTION FOR CONTRIBUTIONS TO THE FOUNDATION IN 2021. CONDUIT TREATMENT OF CONTRIBUTION MADE TO PRIVATE FOUNDATION UNDER IRC SECTION 170(B)(1)(F)(II), TREAS. REGS. 1.170A-9(H) AND IRC SECTION 4942(H)(2)2021 AMOUNTS REQUIRED TO BE DISTRIBUTED UNDER CONDUIT RULES2020 UNDISTRIBUTED INCOME NONE2021 DISTRIBUTABLE AMOUNT $7,497,3972021 NON-CASH (PROPERTY) CONTRIBUTIONS RECEIVED FROM DONOR NONE2021 CASH CONTRIBUTIONS RECEIVED FROM DONOR $25,000,000TOTAL AMOUNT REQUIRED TO BE DISTRIBUTED BEFORE 3/15/2022 UNDER PRIVATE FOUNDATION CONDUIT RULES $32,497,3972021 AMOUNTS DISTRIBUTED OR DEEMED DISTRIBUTEDQUALIFYING DISTRIBUTIONS APPLIED TO DISTRIBUTABLE AMOUNT $7,497,397AMOUNTS TREATED AS DISTRIBUTIONS OUT OFCORPUS TO SATISFY REQUIREMENTS OF IRC SECTION 170(B)(1)(F) AND DISTRIBUTED OUT OF CORPUS $25,000,000AMOUNTS DISTRIBUTED OUT OF CORPUS TO SATISFY REQUIREMENTS OF IRC SECTION 170(B)(1)(F) IN 2022 PRIOR TO 3/15/2022 NONETOTAL AMOUNT DISTRIBUTED FROM CORPUS BEFORE 3/15/2022 IN ACCORDANCE WITH IRC SEC. 170(B)(1)(F)(II), TREAS. REGS. 1.170A-9(H) AND IRC SECTION 4942(H)(2) $32,497,397THE FOUNDATION MEETS THE REQUIREMENTS OF IRC 170(B)(1)(A)(VII), 170(B)(1)(F)(II), AND 4942(H)(2) AND IS NOT SUBJECT TO THE SECTION 170(E)(1)(B)(II) LIMITATIONS, AS A CONDUIT OR PASS-THROUGH FOUNDATION SINCE ALL CONTRIBUTIONS FROM DONOR RECEIVED DURING 2021 WERE DISTRIBUTED OUT OF CORPUS PRIOR TO 3/15/2022. THUS, THE DONATION QUALIFIES AS IF MADE TO A PUBLIC CHARITY WITH REGARD TO THESE CONTRIBUTIONS. SIGNED ______________________ DATE ______________________ NAME/TITLE ______________________
    ELECTION STATEMENT FORM 990-PF, PART XII, LINE 7 ELECTION TO TREAT UNUSED PRIOR YEAR CORPUS DISTRIBUTIONS AS CURRENT YEAR CORPUS DISTRIBUTIONSFOUNDATION NAME: CAERUS FOUNDATION, INC. FEIN: 71-0935903ADDRESS: 3100 SANDERS ROAD, SUITE 500, NORTHBROOK, IL 60062YEAR-END: 12/31/2021PURSUANT TO REG. 53.4942(A)-3( C)(2)(IV), THIS FOUNDATION ELECTS TO TREAT, AS A CURRENT CORPUS DISTRIBUTION, THE FOLLOWING UNUSED PRIOR TAX YEARS' DISTRIBUTIONS THAT WERE TREATED AS CORPUS DISTRIBUTIONS UNDER REG. 53.4942(A)-3(D)(1)(III)IN SUCH PRIOR TAX YEARS:TAX YEAR AMOUNT2018 $21,941,5222019 $3,058,478TOTAL $25,000,000SIGNED ______________________ DATE ______________________ NAME/TITLE ______________________

    TY 2021 InvestmentsOtherSchedule2
    Name:
    CAERUS FOUNDATION INC
    EIN:
    71-0935903
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMERICAN FUNDS INTL GR A FMV 15,784,920 15,784,920
    ARTISAN DEVELOPING WORLD FMV 7,071,580 7,071,580
    ARTISAN MID CAP INSTITUT FMV 10,686,166 10,686,166
    BAIRD CORE PLUS BOND INS FMV 28,162,315 28,162,315
    BAIRD ULTRA SHORT BOND I FMV 7,020,286 7,020,286
    BIOTECHNOLOGY VALUE FUND II FMV 5,382,006 5,382,006
    CONTROLLED ENVIRONMENT FOODS FMV 1,400,050 1,400,050
    DRIEHAUS MICRO CAP GROWTH FMV 2,064,835 2,064,835
    EDGEWOOD GROWTH INSTL #2131 FMV 4,939,581 4,939,581
    FPA NEW INCOME FUND #78 FMV 1,988,018 1,988,018
    FUNDING UNIVERSITY, INC FMV 900,000 900,000
    IMPACT ENGINE VENTURES II, LP FMV 160,125 160,125
    INTEREST RECEIVABLE TO FUNDING UNIVERSITY, INC FMV 9,401 9,401
    ISHARES CORE S & P 500 ETF FMV 2,213,234 2,213,234
    ISHARES RUSSELL MID-CAP ETF FMV 5,875,531 5,875,531
    ISHARES RUSSELL MID-CAP GROWTH FMV 917,151 917,151
    ISHARES S&P 500 GROWTH ETF FMV 4,151,705 4,151,705
    JOHCM INTERNATIONAL SELECT FUND FMV 1,833,532 1,833,532
    LHP ATLAS THREE BRIDGES EUROPE LTD FMV 1,093,335 1,093,335
    LOAN RECEIVABLE TO FUNDING UNIVERSITY, INC FMV 500,000 500,000
    METHOD ONE, LLC FMV 1,143,686 1,143,686
    PATAMAR CAPITAL FMV 690,067 690,067
    PATAMAR FUND II LP FMV 1,453,321 1,453,321
    PRINCIPAL PREFERRED SECURITIES FUND FMV 1,722,881 1,722,881
    RMB FIXED INCOME OPPORTUNITIES QP LLC FMV 58,497 58,497
    ROYCE SPECIAL EQUITY INV FMV 3,831,532 3,831,532
    SPF SECURITIZED PRODUCTS FUND LTD FMV 1,196,602 1,196,602
    T. ROWE PRICE INST INTL FMV 15,733,987 15,733,987
    VANGUARD DIVIDEND GROWTH FMV 15,781,766 15,781,766
    VANGUARD EQUITY-INCOME A FMV 14,380,107 14,380,107
    VANGUARD SMALL CAP GROWT FMV 997,180 997,180
    VANGUARD TOTAL BOND MARKET INDEX FMV 6,431,948 6,431,948
    VIRTUS KAR SMALL-CAP CORE FUND FMV 2,004,066 2,004,066
    Z CAPITAL LOAN OPPORTUNITY FUND, LP FMV 5,940,403 5,940,403
    Z CAPITAL PARTNERS III, LP FMV 505,819 505,819

    TY 2021 LegalFeesSchedule
    Name:
    CAERUS FOUNDATION INC
    EIN:
    71-0935903
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 17,210 17,210   0


    TY 2021 OtherDecreasesSchedule
    Name:
    CAERUS FOUNDATION INC
    EIN:
    71-0935903
    Description Amount
    UNREALIZED LOSS 5,738,488


    TY 2021 OtherExpensesSchedule
    Name:
    CAERUS FOUNDATION INC
    EIN:
    71-0935903
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE EXPENSE 2,447 0   2,447
    SUPPLIES 18 0   18
    LICENSE, PERMIT & FEE EXPENSE 175 0   175


    TY 2021 OtherIncomeSchedule2
    Name:
    CAERUS FOUNDATION INC
    EIN:
    71-0935903
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INCOME FROM PASS-THROUGH INVESTMENTS -467,287 -643,665 -467,287
    CLASS ACTION SETTLEMENTS 184 184 184


    TY 2021 OtherLiabilitiesSchedule
    Name:
    CAERUS FOUNDATION INC
    EIN:
    71-0935903
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED GRANT COMMITMENTS 8,040,867 10,078,128


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    CAERUS FOUNDATION INC
    EIN:
    71-0935903
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    THE HURVIS GROUP 1,435,308 843,500   600,000
    BROKERAGE FEES 171,690 171,690   0
    CONSULTING FEES 394 0   394


    TY 2021 TaxesSchedule
    Name:
    CAERUS FOUNDATION INC
    EIN:
    71-0935903
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 324,760 0   0
    FOREIGN TAXES 25,048 25,048   0