TY 2021 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2021

Open to Public Inspection

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

Name of foundation
Gerald L Lennard Foundation Inc

% Foundation Source

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

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

A Employer identification number

13-3888381

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$57,886,908J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	1,203		1,203
4	Dividends and interest from securities...	936,350		936,350
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,085,020
b	Gross sales price for all assets on line 6a 38,683,631
7	Capital gain net income (from Part IV, line 2)...			1,085,020
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).......		27,546	27,542
12	Total. Add lines 1 through 11........	2,050,119		2,050,115
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		6,695	0	0	6,695
c	Other professional fees (attach schedule)....		353,074	353,074
17	Interest...............	8,748		8,748
18	Taxes (attach schedule) (see instructions)...		19,592	10,292
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		109,085	26,788		82,296
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	497,194		398,902	0	88,991
25	Contributions, gifts, grants paid.......	2,204,834				2,204,834
26	Total expenses and disbursements. Add lines 24 and 25	2,702,028		398,902	0	2,293,825
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-651,909
b	Net investment income (if negative, enter -0-)			1,651,213
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	9,104,153	1,710,868	1,710,868
	3	Accounts receivable 12,997
		Less: allowance for doubtful accounts		12,997	12,997
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	6,566,494	5,842,563	5,825,400
	b	Investments—corporate stock (attach schedule).......	26,576,193	24,679,479	30,930,437
	c	Investments—corporate bonds (attach schedule).......	3,999,262	7,347,227	7,322,786
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	4,841,726	10,842,785	12,084,420
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	51,087,828	50,435,919	57,886,908
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	51,087,828	50,435,919
	29	Total net assets or fund balances (see instructions).....	51,087,828	50,435,919
	30	Total liabilities and net assets/fund balances (see instructions).	51,087,828	50,435,919

Part III

Analysis of Changes in Net Assets or Fund Balances

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

51,087,828

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

-651,909

Other increases not included in line 2 (itemize) bullet

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

50,435,919

Decreases not included in line 2 (itemize) bullet

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

50,435,919

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	Passthrough K1 Capital Gain/(Loss)
c	TALF 2.0 FUND (CAYMAN) LP	P	2020-07-09	2021-01-11
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	38,458,733	37,375,274	1,083,459
b			1,663
c	224,898	225,000	-102
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			1,083,459
b
c			-102
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,085,020
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Form 990-PF (2021)

Page 4

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	22,952
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	22,952
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	18,300
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	5,400
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	23,700
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	748
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax748	Refunded	11

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

Foundation Source Telephone no. bullet

(800) 839-1754

Located at bullet

501 Silverside Road Suite 123WilmingtonDE ZIP+4 bullet

198091377

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

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

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

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

16 No

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

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

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

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

1a(5)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2021)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Donna Lennard	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Stacey Lennard	Dir, Sec 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Sec 1.0	0	0	0
Jennifer Meyerhardt	Dir, VP 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, VP 1.0	0	0	0
Lewis Rubin	Treas, VP 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Treas, VP 1.0	0	0	0
Wendy Rubin	Dir, Pres 5.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres 5.0	0	0	0

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


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










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

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
UBS Financial Services	INVESTMENT MGMT	206,715
7700 Wisconsin Ave Suite 300 Bethesda,MD20814	INVESTMENT MGMT	206,715
Excelsior Wealth Management	INVESTMENT MGMT	115,343
522 5th Ave 15th Fl NEW YORK,NY10036	INVESTMENT MGMT	115,343
Foundation Source	Administrative	81,916
55 Walls Drive 3rd Floor Fairfield,CT06824	Administrative	81,916

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2021)

Page 8

Part IX

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

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

purposes:

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

43,983,565

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

3,773,888

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

10,448,894

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

58,206,347

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

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

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

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

58,206,347

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

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

873,095

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

57,333,252

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

2,866,663

Part X

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

and do not complete this part.)

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

2,866,663

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

22,952

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

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

22,952

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

2,843,711

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

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

2,843,711

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

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

2,843,711

Part XI

Qualifying Distributions (see instructions)

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

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

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7				2,843,711
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......			1,556,025
b Total for prior years:2019, 2018, 2017
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........
4Qualifying distributions for 2021 from Part
XI, line 4: $ 2,293,825
a Applied to 2020, but not more than line 2a			1,556,025
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2021 distributable amount.....				737,800
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2021.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........				2,105,911
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....	0

Form 990-PF (2021)

Page 10

Part XIII

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

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

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

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

NONE

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2021)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
19TH NEWS 3571 FAR W BLVD 3497 AUSTIN,TX78731	N/A	PC	News Desk Support - In support of Women and climate/sustainability, Women and work/childcare, and Women and girls and public education programs	50,000
350ORG PO BOX 843004 BOSTON,MA02284	N/A	PC	Pacific Climate Warriors: Solar Tech Training & general program support	50,000
AFYA FOUNDATION INC 510 NEPPERHAN AVE YONKERS,NY10701	N/A	PC	Deliver medical supplies to Federally Qualified Health centers in NY and rural health facilites in India	75,000
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI 225 N MICHIGAN AVE 17TH FL CHICAGO,IL60601	N/A	PC	General Purpose Grant for the Hudson Valley Chapter	5,000
AMERICAN FARMLAND TRUST 1150 CONNECTICUT AVE NW STE 600 WASHINGTON,DC20036	N/A	PC	General & Unrestricted	10,000
AMERICAN FRIENDS OF COMBATANTS FOR PEACE INC 48 WALL ST STE 1100 NEW YORK,NY10005	N/A	PC	Youth programming, The Freedom Schools in Israel & Palestine, and the Palestinian youth group	25,000
BACKLINE CARE INC PO BOX 13511 PORTLAND,OR97213	N/A	PC	General & Unrestricted	15,000
BARD COLLEGE PO BOX 5000 ANNANDALEONHUDSON,NY12504	N/A	PC	Womens Prison Program and Reentry and Alumni Affairs Program	100,000
BEGINNING WITH CHILDREN FOUNDATION INC 217 HAVENMEYER ST 2ND FL BROOKLYN,NY11211	N/A	PC	New High School Kitchen Build Out Fund	20,000
BELIEVE IN STUDENTS INC 1755 N 13TH ST 295 PHILADELPHIA,PA19122	N/A	PC	Support #RealCollege student story telling initiative and Emergency Relief Funds/Hope Center	75,000
CONNECT TO COMPETE INC 714 W OLYMPIC BLVD STE 924 LOS ANGELES,CA90015	N/A	PC	General Funds and Digital Skills training Program	50,000
CORNELL UNIVERSITY 260 DAY HALL ITHACA,NY14853	N/A	PC	NY FarmNet Program	10,000
DIGDEEP RIGHT TO WATER PROJECT 932 WILSON ST LOS ANGELES,CA90021	N/A	PC	Navajo Water Project and water hauling program	40,000
DREAMYARD PROJECT INC 1085 WASHINGTON AVE BRONX,NY10456	N/A	PC	Dreamyard Prep and Community Center	40,000
EARTH ISLAND INSTITUTE INC 2150 ALLSTON WAY STE 460 BERKELEY,CA94704	N/A	PC	Plastic Pollution Coalition	10,000
EARTH ISLAND INSTITUTE INC 2150 ALLSTON WAY STE 460 BERKELEY,CA94704	N/A	PC	Plastic Pollution Coalition	10,000
EAST SIDE HOUSE INC 337 ALEXANDER AVE BRONX,NY10454	N/A	PC	Post Secondary Pathways Program and Teaching Kitchen Build out Fund	50,000
FEEDING WESTCHESTER INC 200 CLEARBROOK RD ELMSFORD,NY10523	N/A	PC	General & Unrestricted	10,000
FOOD BANK FOR NEW YORK CITY 39 BROADWAY 10TH FL NEW YORK,NY10006	N/A	PC	Mobile Food Pantries Program	75,000
FOOD RECOVERY NETWORK INC 1100 H ST NW STE 520 WASHINGTON,DC20005	N/A	PC	Chapter Recovery Program Farm Link Program Gleaning and Advocacy Program	30,000
FREAKS ACTION NETWORK INC R FELDMAN 865 OLIVER AVE VALLEY STREAM,NY11581	N/A	PC	General & Unrestricted	10,000
FREAKS ACTION NETWORK INC R FELDMAN 865 OLIVER AVE VALLEY STREAM,NY11581	N/A	PC	Live Music Production Support Fund	10,000
GIRL RISING 834 STATE RTE 203 SPENCERTOWN,NY12165	N/A	PC	Future Rising Fellows Program	100,000
GLYNWOOD CENTER INC PO BOX 157 COLD SPRINGS,NY10516	N/A	PC	CSA/SNAP Program and Food Sovereignty Fund	30,000
GRAMEEN AMERICA INC 8211 37TH AVE STE 607 JACKSON HTS,NY11372	N/A	PC	General & Unrestricted	50,000
GREENWAVE ORGANIZATION CORP 315 FRONT ST NEW HAVEN,CT06513	N/A	PC	Shinnecock Project	10,000
GREENWAVE ORGANIZATION CORP 315 FRONT ST NEW HAVEN,CT06513	N/A	PC	Shinnecock Training Program	30,000
GROOVESAFE 14 CROSS ST STOW,MA01775	N/A	PC	General & Unrestricted	5,000
INNOCENCE PROJECT INC 40 WORTH ST RM 701 NEW YORK,NY10013	N/A	PC	General & Unrestricted	10,000
LEAVING A POSITIVE LEGACY INC 2020 NE 35TH ST LIGHTHOUSE PT,FL33064	N/A	PC	General & Unrestricted	5,000
NABU GLOBAL INC 110 E 25TH ST NEW YORK,NY10010	N/A	PC	Program Support	50,000
NATIONAL INDEPENDENT VENUE FOUNDATION 209 W 29TH ST NO 262 NEW YORK,NY10001	N/A	PC	General & Unrestricted	75,000
NATIONAL PHILANTHROPIC TRUST 165 TOWNSHIP LINE RD STE 1200 JENKINTOWN,PA19046	N/A	PC	Climate Collective project	333,334
NEIGHBORS LINK CORP 27 COLUMBUS AVE MOUNT KISCO,NY10549	N/A	PC	General & Unrestricted	2,500
NEW YORK STUDIO SCHOOL OF DRAWING PAINTING & SCULP 8 W 8TH ST NEW YORK,NY10011	N/A	PC	Gerald L. Lennard Scholarship Fund	50,000
NYACK HOMELESS PROJECT LTD PO BOX 164 NYACK,NY10960	N/A	PC	General & Unrestricted	1,500
NYACK PARK CONSERVANCY PO BOX 1014 NYACK,NY10960	N/A	PC	Music on the Hudson	2,500
OPEN DOOR FOUNDATION INC 165 MAIN ST OSSINING,NY10562	N/A	PC	Children's Mental Health and Digital Literacy programs	5,000
PARTNERS IN HEALTH A NONPROFIT CORPORATION PO BOX 996 FREDERICK,MD21705	N/A	PC	University of Global Health Equity (UGHE) - Rwanda	100,000
PHILHARMONIC-SYMPHONY SOCIETY OF NEW YORK INC 10 LINCOLN CENTER PLZ NEW YORK,NY10023	N/A	PC	Annual Educational Programing Support	100,000
PLANNED PARENTHOOD HUDSON PECONIC INC 570 TAXTER RD STE 250 ELMSFORD,NY10523	N/A	PC	General & Unrestricted	10,000
PROJECT DRAWDOWN 3450 SACRAMENTO ST 506 SAN FRANCISCO,CA94118	N/A	PC	Storytelling initiative and General Fund	50,000
PROJECT DRAWDOWN 3450 SACRAMENTO ST 506 SAN FRANCISCO,CA94118	N/A	PC	Storytelling initiative	10,000
RENAISSANCE YOUTH CENTER 3485 3RD AVE BRONX,NY10456	N/A	PC	iBelong Program	5,000
ROBIN HOOD FOUNDATION 826 BROADWAY 9TH FL NEW YORK,NY10003	N/A	PC	ROAR - Relief Opportunities for All Restaurants	10,000
ROOM TO READ 465 CALIFORNIA ST STE 1000 SAN FRANCISCO,CA94104	N/A	PC	Funding Cambodia Girls Education Program	100,000
SAMUEL WAXMAN CANCER RESEARCH FOUNDATION 420 LEXINGTON AVE STE 825 NEW YORK,NY10170	N/A	PC	woman scientist in breast cancer research	50,000
SHARE OUR STRENGTH 1030 15TH ST NW STE 1100W WASHINGTON,DC20005	N/A	PC	school and community meal programs in New York	25,000
SKY HIGH FARM INC 675 HALL HILL RD PINE PLAINS,NY12567	N/A	PC	Farm Fellowship Program Design & Pilot Budget and Finance and Operations Hire	75,000
SKY HIGH FARM INC 675 HALL HILL RD PINE PLAINS,NY12567	N/A	PC	Charitable Event	5,000
SONGWRITINGWITH INC 632 FOGG ST 8 NASHVILLE,TN37203	N/A	PC	General & Unrestricted	5,000
SPECIAL OLYMPICS NEW YORK INC 94 NEW KARNER RD STE 208 ALBANY,NY12203	N/A	PC	General & Unrestricted	5,000
SUNRISE MOVEMENT EDUCATION FUND 50 F ST NW STE 700 WASHINGTON,DC20001	N/A	PC	General & Unrestricted	10,000
SYRACUSE UNIVERSITY 640 SKYTOP RD FL 2 SYRACUSE,NY13244	N/A	PC	General Scholarship Fund	5,000
THE METROPOLITAN MUSEUM OF ART 1000 FIFTH AVE NEW YORK,NY10028	N/A	PC	General & Unrestricted	10,000
V-DAY 4104 24TH ST 4515 SAN FRANCISCO,CA94114	N/A	PC	Safe house Kenya/FGM and program support	100,000
Total ................................. 3a				2,204,834

bApproved for future payment

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

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	1,203
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	1,085,020
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK-1 Inc/Loss			14	27,542
bFederal Tax Refund			01	4
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				2,050,119

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

2,050,119

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2021)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

Gerald L Lennard Foundation Inc

EIN:

13-3888381

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Tax Return Preparation/Review	6,695			6,695

- TIN:

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

TY 2021 DepreciationSchedule

Name:

Gerald L Lennard Foundation Inc

EIN:

13-3888381

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

- TIN:

TY 2021 GeneralExplanationAttachment

Name:

Gerald L Lennard Foundation Inc

EIN:

13-3888381

Identifier	Return Reference	Explanation
Form 8865	Form 8865	The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
Form 926	Form 926	The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

Gerald L Lennard Foundation Inc

EIN:

13-3888381

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE - 3.450% - 03/15/2022	370,310	360,374
ABBVIE INC SER B - 2.800% - 03	236,923	234,329
AMERICAN ELEC PWR - 2.950% - 1	184,233	182,862
AMERICAN EXPRESS CO - 0.000% -	130,004	132,607
APPL - 1.400% - 08/05/2028	154,650	151,995
ARES CAP CORP - 3.500% - 02/10	161,675	161,648
BANK AMER CORP - 4.450% - 03/0	135,756	137,825
BANK OF AMERICA CORP - 2.299%	160,000	157,180
BOEING CO NOTE - 4.508% - 05/0	167,693	166,762
BOEING CO NOTE CALL MAKE WHOLE	150,000	150,086
BUNGE LTD FINANCE CORP SR NT C	125,466	131,923
CELGENE CORP SR UNSECD - 3.875	63,625	63,233
COMCAST CORP SENIOR NOTE - 4.6	149,119	152,566
CVS CAREMARK CORP - 3.500% - 0	384,763	374,136
DISNEY WALT CO - 2.000% - 09/0	121,789	124,467
ENBRIDGE INC - 2.900% - 07/15/	380,970	372,664
EXELON - 4.250% - 06/15/2022	208,370	201,440
FIRSTMERIT CORP - 4.350% - 02/	140,924	139,714
FLEXTRONICS INTL LTD - 5.000%	158,151	156,464
FS INVESTMENT CORP - 4.750% -	389,841	378,956
GOLDMAN SACHS GROUP INC NOTE -	185,000	184,353
HEWLETT PACKARD ENTERPRISE - 2	153,345	152,279
HEWLETT PACKARD ENTERPRISE CO	52,285	51,127
INTERNATIONAL LEASE FIN - 5.87	157,963	157,741
JOHN DEERE - 2.800% - 09/08/20	128,745	132,446
JPMORGAN CHASE & CO SUB BOND -	137,114	140,328
KELLOGG CO - 2.750% - 03/01/20	116,601	114,976
KROGER CO/THE SENIOR BOND - 4.	139,590	144,123
LEGGETT & PLATT INC SR BD - 3.	129,924	131,570
MARRIOTT INTL - 2.300% - 01/15	221,606	219,123
MARRIOTT INTL INC - 3.125% - 0	127,305	129,953
MORGAN STANLEY - 4.350% - 09/0	134,867	138,084
PEACEHEALTH - 1.375% - 11/15/2	125,000	124,297
PHILIP MORRIS INTL INC - 2.875	128,405	130,029
SEMPRA ENERGY COM - 3.250% - 0	128,348	132,530
SHERWIN-WILLIAMS - 2.300% - 05	164,965	164,814
SIMON PPTY GROUP LP - 2.750% -	86,913	86,890
SIMON PROPERTY GROUP LP SENIOR	131,750	134,173
SOUTHERN CO SER - 5.500% - 03/	106,995	105,511
SUTTER HEALTH - 2.294% - 08/15	150,000	150,415
TYSON FOODS INC NOTE - 4.875%	147,635	152,007
VERIZON COMMUNICATIONS - 1.450	124,754	124,481
VIRGINIA ELEC & PWR CO - 3.450	79,630	78,958
WILLIAMS CO - 3.700% - 01/15/2	180,065	178,868
ZOETIS INC - 3.250% - 02/01/20	134,160	132,479

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

Gerald L Lennard Foundation Inc

EIN:

13-3888381

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	139,159	222,088
ABCAM ADR	30,647	33,653
ACCENTURE PLC	232,389	439,423
ACUSHNET HOLDINGS CORP	74,402	125,216
ADIDAS AG	12,327	11,952
ADOBE SYSTEMS, INC	215,907	299,975
ADYEN N.V.	124,047	161,394
AGCO CP	30,478	28,425
AIA GROUP LTD ADR	209,356	195,592
AIR PRODS & CHEM INC	25,239	32,860
AIRBNB	103,263	116,210
AIRBUS GROUP	10,547	12,764
AKAMAI TECH COM STK	7,413	8,193
ALBANY INTERNATIONAL CORP	11,108	12,029
ALBEMARLE CP	15,315	13,792
ALCON INC	218,825	289,848
ALIGN TECHNOLOGY, INC	33,840	74,261
ALPHABET INC CL A	88,652	168,028
ALPHABET INC CL C	171,144	326,976
AMADEUS IT HLDS SA	128,988	118,510
AMAZON COM	399,837	416,793
AMERICAN ELECTRIC POWER INC	29,650	29,449
AMERICAN EXPRESS CO	31,053	39,428
AMERICAN TOWER REIT INC	63,972	76,050
AMERICAN WATER WORKS COMPANY I	21,158	25,685
AMERICAN WELL CORP	34,889	12,473
AMGEN INC	87,281	79,864
ANALOG DEVICES INC	98,809	111,614
ANSYS INC	7,116	9,226
ANTHEM INC	18,576	26,422
AON PLC CL A	73,733	106,398
APPLE INC	40,705	56,290
APTAR GROUP INC	27,676	28,293
APTIV PLC	79,275	99,300
ARCHROCK INC	6,303	5,632
ARROW ELECTRONICS INC	9,257	10,607
ARTISAN PARTNERS ASSET MANAGEM	39,678	51,070
ASML HOLDING NV NY REG SHS	128,883	289,795
ASPEN TECHNOLOGY, INC	89,207	107,149
AT HOME CORP	112,946	38,884
ATLAS COPCO AB A SHS ADR	107,649	173,829
ATLASSIAN CORP CL A	124,725	121,632
ATRION CORPORATION	36,027	35,950
AUTODESK, INC	131,004	168,995
AUTOMATIC DATA PROCESSING INC	48,473	61,645
BANK NEW YORK MELLON CORP COM	13,250	18,411
BANK OF AMERICA CORP	39,511	56,769
BECTON DICKINSON & CO	29,343	29,926
BERKSHIRE HATHAWAY INC. CLASS	16,897	23,322
BIO RAD LABS INC CL A	71,546	83,868
BLACK KNIGHT, INC	8,571	10,113
BLACKROCK INC	45,738	74,160
BLOCK INC	54,993	39,408
BNP PARIBAS SPONS ADR	16,631	16,978
BORG WARNER INC	7,689	7,346
BOSTON COMMON INTERNATIONAL	647,544	655,086
BOSTON PPTYS INC	6,152	6,220
BOX INC	8,163	8,250
BROADCOM INC	69,684	89,830
BRUKER CORPORATION	26,187	32,473
BUNGE LTD	36,577	51,441
BURBERRY GROUP PLC	9,248	9,824
BYD CO LTD UNSP/ADR	26,091	25,178
CABOT CP	5,968	6,013
CADENCE DESIGN SYSTEMS INC	31,223	38,947
CALVERT EMERGING MARKETS EQUIT	468,223	525,667
CALX NETWORKS INC.	26,192	52,060
CANADIAN PACIFIC RAILWAY LTD	151,011	196,396
CAPITAL ONE FINANCIAL CORP	14,671	17,411
CBRE GROUP	14,668	15,517
CELLNEX TELECOM ADR	7,620	7,338
CENTENE CORP	6,565	7,746
CF INDUSTRIES HOLDINGS, INC	43,073	68,373
CHARLES SCHWAB CORP	18,294	28,342
CHARTER COMMUNICATIONS, INC	20,962	22,819
CHINA MENGNIU DAIRY COMPANY AD	43,478	43,949
CHR HANSEN HOLDINGS	27,724	23,872
CHUBB LIMITED	57,510	78,484
CIRRUS LOGIC INC	7,982	9,018
CISCO SYSTEMS INC	95,077	133,584
CITRIX SYSTEMS INC	31,004	33,674
CLEARWATER ANALYTICS HOLDINGS,	34,756	32,034
COHERENT INC CAL	4,614	4,798
COINBASE GLOBAL	20,722	18,423
COMCAST CORP	102,570	114,400
COMPASS GROUP PLC ADR	12,578	13,358
CORP OFFICE PPTY TR	8,401	8,643
CORVEL CORP	67,377	119,392
COURSERA	57,579	32,725
CRACKER BARREL OLD COUNTRY STO	8,071	7,847
CRH PLC - AMERICAN DEPOSITARY	12,877	14,520
CSL LTD	169,140	175,205
D R HORTON	8,117	9,977
DANAHER CORP	95,008	140,816
DARDEN RESTAURANTS INC	6,311	6,628
DASSAULT SYS SA SPN ADR	32,585	44,163
DEERE CO	47,622	56,920
DIAGEO PLC ADS	58,254	80,351
DIGITAL RLTY TR INC	34,261	40,680
DIODES	14,458	15,703
DISCOVER FINL SVCS COM	50,321	50,731
DISH NETWORK CORPORATION	28,394	26,633
DOCUSIGN INC	24,797	24,065
DONALDSON CO. INC	32,392	34,489
DRIL QUIP INC	40,610	19,365
DSV UNSP ADR EACH REPR 0.5 ORD	107,634	210,228
DYNATRACE	30,563	31,201
EASTMAN CHEMICAL CO	6,927	7,617
EATON CORP PLC	26,998	41,131
ECOLAB INC	83,179	91,725
EDISON INTL	17,798	21,089
EDP-ELECTRICIDADE DE PORTUGAL	15,006	15,719
EDWARDS LIFESCIENCES	25,085	32,388
ELASTIC NV	7,886	9,355
EMCOR GROUP INC	79,686	135,416
EMERSON ELECTRIC CO	16,989	20,360
ENPHASE ENERGY ORD SHS	18,040	15,733
EOG RESOURCES INC	63,447	72,841
EPAM SYSTEMS INC	106,165	147,727
ERICSSON L M TEL CO	29,330	25,729
ERSTE BK DER OEST SP	36,477	52,341
ERSTE GROUP BANK AG	46,170	70,286
ESSILOR INTL ADR	6,884	7,163
ETSY INC	19,636	24,083
EVOLUTION GAMING GROUP AB ADR	109,295	91,923
EVOQUA WATER TECHNOLOGIES CORP	32,671	53,248
EXPEDIA INC	25,696	30,903
EXPERIAN GROUP LTD S/ADR	152,158	214,203
FACTSET RESH SYST INC	60,989	103,520
FANUC LIMITED UNSPONSORED	10,847	11,284
FERRARI NV	112,393	164,092
FIRST HAWAIIAN INC	91,935	106,806
FIRSTCASH HOLDINGS INC	10,368	8,977
FLEXTRONICS INTERNATIONAL	42,965	44,359
FORMFACTOR INC.	10,799	11,796
FORTIVE CORPORATION	30,780	33,034
FRANKLIN LIBERTY HIGH YIELD CO	256,454	294,863
FTI CONSULTING INC	108,766	156,335
GALP ENERGIA, SGPS, S.A.	24,515	23,263
GARTNER INC	54,881	122,027
GATX CORP INC	10,611	11,357
GENMAB A/S SPON	41,667	41,854
GIVAUDAN SA UNSP/ADR	9,846	12,589
GRACO INC	80,972	116,254
GROUPE DANONE ADS	65,203	57,675
HDFC BANK LTD ADR	32,815	29,737
HENRY JACK & ASSOC INC	42,159	44,252
HEXCEL CP DELAWARE	34,207	33,929
HOLOGIC, INC	11,431	12,250
HOME DEPOT INC	74,154	114,128
HONEYWELL INTL	13,754	15,638
HORACE MANN EDUCATOR	6,393	6,192
HOULIHAN LOKEY INC	16,047	14,182
HOYA CORP SPONS ADR	13,186	16,453
HUDSON PACIFIC PROPERTIES INC	8,362	8,080
HUNTINGTON INGALLS INDUSTRIES	6,751	6,349
IBERDROLA SA	45,235	40,946
ICON PLC - AMERICAN DEPOSITARY	124,439	191,085
IDEXX CORP	28,042	43,458
ILLINOIS TOOL WORKS	20,641	26,408
ILLUMINA INC COM	62,048	74,186
INDUSTRIA DE DISENO	11,117	11,171
INFINEON TECH ADS	84,827	98,118
INGERSOLL-RAND INC	63,785	80,307
INTUIT	39,468	53,387
INTUITIVE SURGICAL	62,362	90,544
ISHARES IBOXX $ HIGH YIELD COR	250,162	280,607
ISHARES INC ISHARES MSCI EM ES	313,288	347,972
ISHARES JP MORGAN USD EM MKTS	351,501	338,086
ISHARES MSCI KLD 400 SOCIAL IN	1,620,204	2,297,262
ISHARES TRUST ISHARES MSCI EAF	372,284	436,553
JOHNSON & JOHNSON	123,250	140,791
JP MORGAN CHASE	122,840	150,749
JPMORGAN HEDGED EQUITY 3	1,037,665	1,111,323
KBC GROUP SA UNSP ADR	6,237	8,232
KEYCORP	9,593	9,414
KINGSPAN GROUP ORD SHS	41,260	57,960
KNORR BREMSE AG EUR	61,574	49,023
KONINKLIJKE DSM NV ADR	33,913	42,797
KONINKLIJKE PHILIPS ELECTRONIC	50,222	32,502
L'OREAL ADR	14,137	18,893
LABORATORY CORP AMER HLDGS	41,689	53,416
LANDSTAR SYSTEM	105,500	115,647
LASERTEC ADR	107,713	200,414
LCI INDUSTRIES	56,470	57,204
LEGRAND INC	9,706	13,689
LI NING CO	86,625	83,539
LINDE PLC COM	124,057	185,340
LIVANOVA PLC	31,327	41,005
LKQ CORPORATION	24,514	38,959
LOCKHEED MARTIN CORP	68,154	57,932
LONDON STK EXCHANGE GROUP	47,199	40,457
LONZA GROUP AG UNSP/ADR	114,318	155,143
LULULEMON ATHLETICA INC	90,695	146,011
LUMENTUM HOLDINGS INC	45,469	52,250
LVMH MOET HENN UNSP	94,624	165,004
MANHATTAN ASSOCIATES INC	56,239	116,307
MARAVAI LIFESCIENCES HOLDINGS	13,595	17,095
MARSH AND MCLENNAN COMPANIES I	54,289	83,086
MARTIN MARIETTA MATLS INC	11,350	18,942
MARVELL TECHNOLOGY, INC	27,800	40,245
MASTERCARD INC	181,571	201,219
MCDONALD'S CORP	74,097	93,556
MEDTRONIC PLC	88,856	82,036
MERCK & CO INC	12,187	12,339
META PLATFORMS INC	158,345	247,217
METTLER-TOLEDO INTL	77,730	159,538
MICRON TECHNOLOGY	53,792	67,627
MICROSOFT CORP	336,865	581,497
MOELIS AND COMPANY	52,201	84,263
MONOLITHIC POWER SYSTEMS, INC	40,080	45,880
MONOTARO CO., LTD	5,233	4,557
MONTROSE ENVIRONMENTAL GRP ORD	37,591	54,716
MOOG INC CL A	6,812	7,206
MORGAN STANLEY	49,290	47,313
MOTOROLA SOLUTIONS INC	52,947	80,967
MOWI ASA SPONSORED ADR	33,565	33,754
MSCI INC	96,784	143,982
MYRIAD GENETICS, INC	10,424	9,274
NESTLE S.A	138,675	174,901
NETFLIX INC	101,574	113,259
NETWORK INTERNATIONAL HOLDINGS	13,491	9,460
NEXTERA ENERGY, INC	57,977	74,501
NICE SYSTEMS LTD	7,194	7,590
NIDEC CORPORATION ADR	6,368	8,705
NIKE INC-CL B	119,307	167,170
NOVARTIS AG ADR	43,683	43,035
NOVO NORDISK A S	14,118	21,168
NVIDIA CORP	23,467	45,587
NXP SEMICONDUCTORS	46,778	58,084
OCADO GROUP PLC	6,792	4,904
ON SEMICONDUCTOR	21,115	25,130
ORACLE CORP	10,664	14,564
ORASURE TECHNOLOGIES INC	7,009	5,727
ORPEA SA	28,566	30,122
ORSTED A S	23,805	20,297
OTIS WORLDWIDE CORP	15,891	20,810
PAYPAL HOLDINGS, INC	64,759	89,198
PENN NATIONAL GAMING	11,457	8,296
PEPSICO INC	17,980	22,582
PERNOD RICARD S A SPONSORED AD	79,887	109,225
PHILLIPS 66	42,814	44,780
PIMCO INCOME FUND P CLASS	798,274	791,071
PPG INDUSTRIES INC	17,611	22,762
PRICESMART, INC	36,714	39,292
PRIMERICA, INC	96,856	115,566
PRIMO WATER CORPORATION	52,281	56,099
PRINCIPAL REAL ESTATE FUND INS	445,776	596,090
PROCTER GAMBLE CO	81,754	106,327
PROGRESSIVE CORP OHIO	12,693	15,398
PT BK MANDIR PRS UNSP/ADR	63,341	70,938
QUALCOMM INC	16,729	23,224
R L I CP	46,035	58,068
RAYMOND JAMES FINANCIAL INC	10,297	10,341
RAYTHEON TECHNOLOGIES CORP	79,842	92,859
RBC BEARINGS INCORPORATED	65,310	77,960
RECRUIT HOLDINGS CO	38,464	48,342
REGAL REXNORD CORP	61,199	70,625
REINSURANCE GROUP AMER INC	9,708	8,978
RENTOKIL INITIAL PLC SPON ADR	12,153	14,367
REPUBLIC SVCS INC	45,417	64,426
RESMED INC	117,890	182,596
RIGHTMOVE PLC ADR	103,908	128,655
ROCHE HOLDING LTD ADR	37,550	43,626
ROCKWELL AUTOMATION INC	66,304	96,980
ROPER INDUSTRIES	52,916	63,450
RYDER SYSTEM	14,115	13,766
SALESFORCE.COM	143,311	189,073
SALIENT MLP & ENERGY INFRASTRU	167,513	176,543
SANDVIK AB SPONS ADR	8,281	8,776
SBA COMMUNICATIONS CORP	7,901	8,558
SCHNEIDER ELEC UNSP/ADR	27,203	33,877
SEA LTD	6,033	4,922
SEAGEN INC	40,815	39,423
SELECT SECTOR SPDR ENERGY FUND	335,060	492,563
SEMPRA ENERGY COM	39,696	41,139
SERVICE NOW	111,076	184,996
SHENZHOU INTL GROUP HOLDINGS A	98,009	82,982
SHISEIDO CO LTD	10,472	8,939
SHOALS TECHNOLOGIES GROUP	40,920	32,270
SHOPIFY INC	59,657	147,381
SIKA AG BEARER SHS	76,636	161,876
SIMPSON MANUFACTURING CO INC	90,843	143,937
SMC CORPORATION	28,817	31,585
SMITH A O CORP DEL COM	9,318	10,216
SNAP ON INC	8,115	8,615
SNOWFLAKE INC	46,266	55,555
SONOCO PRODUCTS COMPANY	7,195	7,120
SPDR BARCLAYS SHORT TERM HIGH	691,566	691,240
SPECTRIS PLC	63,730	71,610
SPROUTS FARMERS MARKET INC	25,983	30,570
STARBUCKS CORP COM	152,351	187,737
STERICYCLE INC	6,741	6,381
STERIS PLC	124,597	180,367
STERLING BANCORP (N.Y.)	9,232	9,027
SUZANO SA	50,327	52,196
SVB FINANCIAL GROUP	44,892	59,007
SWEETGREEN INC CL A	27,491	23,648
SWITCH INC	13,773	15,408
SYNEOS HEALTH INC	12,381	13,554
T-MOBILE US INC	11,906	11,830
TAIWAN SEMICONDUCTOR MFG CO LT	126,262	243,267
TC ENERGY CORPORATION	16,221	16,336
TE CONNECTIVITY LTD	47,970	68,247
TELEDYNE TECH INC	81,397	89,999
TELEPERFORMANCE SA	10,302	14,698
TEMENOS GROUP AG	7,747	7,143
TETRA TECH INC	29,455	39,224
TEXAS INSTRUMENTS INC	53,086	76,896
THE COCA-COLA CO	89,256	95,920
THERMO FISHER SCIENTIFIC INC	34,495	46,040
THOMSON REUTERS CORPORATION	8,931	13,039
TJX COMPANIES INC	16,786	18,449
TOKYO ELECTRON LTD	3,348	4,893
TOPBUILD CORP	39,873	53,802
TORO CO	78,611	95,114
TORTOISE MLP AND PIPELINE FUND	6,252	6,326
TRAVELERS COMPANIES INC	10,833	13,766
TREX CO INC	39,479	52,527
TRUIST FINANCIAL CORPORATION	75,913	81,385
UNION PACIFIC	40,301	62,983
UNITED PARCEL SERVICE	81,302	108,456
UNITEDHEALTH GROUP INC	214,012	291,241
US BANCORP	10,826	13,874
V F CORP	60,201	58,649
VERISK ANALYTICS, INC	35,762	44,602
VERTIV CL A	19,863	24,745
VESTAS WIND SYS UNSP/ADR	39,300	27,662
VISA INC	233,456	254,201
VMWARE INC	63,092	49,481
WASTE MANAGEMENT INC	44,446	57,914
WATTS WATER TECHNOLOGIES INC	63,910	123,492
WEC ENERGY GROUP, INC	5,091	5,436
WEST PHARMA SVCS INC	23,502	43,149
WOLFSPEED INC	24,744	26,601
WOLVERINE WORLDWIDE	8,558	7,116
WOODWARD INC	7,265	6,896
WORLDLINE	8,630	5,572
WUXI BIOLOGICS INC ADR	112,675	88,509
INPHI CORPORATION	1,716
INTESA SANPAOLO SPA	8,794	8,112
XYLEM INC	23,743	26,262
ZOETIS INC	102,888	177,166

- TIN:

TY 2021 InvestmentsGovtObligationsSch

Name:

Gerald L Lennard Foundation Inc

EIN:

13-3888381

US Government Securities - End of Year Book Value:

3,785,008

US Government Securities - End of Year Fair Market Value:

3,757,769

State & Local Government Securities - End of Year Book Value:

2,057,555

State & Local Government Securities - End of Year Fair Market Value:

2,067,631

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

Gerald L Lennard Foundation Inc

EIN:

13-3888381

Category/ Item	Book Value	End of Year Fair Market Value
ACIP PARALLEL FUND A LP	91,493	85,146
ALKEON GROWTH OFFSHORE FUND, L	975,000	933,767
ALKEON INNOVATION OFFSHORE FUN	222,500	231,770
ALPINVEST CO-INV FD (OFFSHORE	201,606	188,607
BLACKSTONE REAL ESTATE INCOME	1,500,001	1,813,182
BRIDGE WFAH FUND II-R LP	470,941	541,573
COOPER SQUARE OFFSHORE FUND LT	650,000	653,730
COWEN HEALTHCARE INVESTMENTS I	80,088	74,189
EXODUSPOINT PARTNERS INTL FUND	450,000	485,464
FORTRESS LENDING FUND II A LP	579,554	580,453
HARBOURVEST ACCESS - CO-INVEST
MILLENNIUM INTL LTD - HH	1,100,000	1,181,347
NORTH HAVEN REAL ESTATE FD X G	23,964	19,036
PE PREMIER BX GROWTH OFFSHORE	218,098	251,774
PE PREMIER BX SECONDARIES IX O	50,000	73,588
PE PREMIER BX STRATEGIC PARTNE	70,308	93,338
PE PREMIER OAKTREE OPP XI OFFS	229,156	274,106
PETERSHILL IV OFFSHORE FEEDER	87,906	119,045
POINT72 CAPITAL INTERNATIONAL	700,000	854,974
SEG PARTNERS OFFSHORE LTD	575,000	850,488
STARBOARD VALUE AND OPPORTUNIT	700,000	747,254
THIRD POINT OFFSHORE FUND LTD	650,000	783,668
TRUEBRIDGE SELECT FD I (CAYMAN	165,670	196,421
AFTER FREDERIC REMINGTON	1,500	1,500
FERNAND LGER "FEMME COUCHE"	375,000	375,000
GINO SEVERINI - "JOUEUR DE GUI	425,000	425,000
HENRI LAURENS "LA CHEVELURE"	250,000	250,000

- TIN:

TY 2021 OtherExpensesSchedule

Name:

Gerald L Lennard Foundation Inc

EIN:

13-3888381

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	81,916		81,916
Bank Charges	2,636	2,636
K-1 Exp BRIDGE WFAH FUND II-R	16,932	16,931
K-1 Exp COWEN HEALTHCARE INVES	2,687	2,687
K-1 Exp FORTRESS LENDING FUND	120	120
K-1 Exp TRUEBRIDGE SELECT FD I	4,414	4,414
Postage/Delivery Service	157		157
Registered Agent Fee	198		198
State or Local Filing Fees	25		25

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

Gerald L Lennard Foundation Inc

EIN:

13-3888381

Description	Revenue And Expenses Per Books	Net Investment Income
K-1 Inc/Loss FORTRESS LENDING FUND II A LP	27,458	27,458
K-1 Inc/Loss TRUEBRIDGE SELECT FD I (CAYMAN) LP	84	84
Federal Tax Refund	4

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

Gerald L Lennard Foundation Inc

EIN:

13-3888381

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	353,074	353,074

- TIN:

TY 2021 TaxesSchedule

Name:

Gerald L Lennard Foundation Inc

EIN:

13-3888381

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2021	9,300
Foreign Tax Paid	10,292	10,292