TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 10-01-2021 , and ending 09-30-2022

Name of foundation
THE DORIAN FUND

Number and street (or P.O. box number if mail is not delivered to street address)3963 CESAR CHAVEZ STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
SAN FRANCISCO, CA94131

A Employer identification number

20-6309863

B Telephone number (see instructions)

(650) 516-7136

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

$1,673,945J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	269,552
2	Check .............
3	Interest on savings and temporary cash investments	11		11
4	Dividends and interest from securities...	91,602		91,602
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		35,041
b	Gross sales price for all assets on line 6a 2,000,665
7	Capital gain net income (from Part IV, line 2)...			35,041
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).......
12	Total. Add lines 1 through 11........	396,206		126,654
13	Compensation of officers, directors, trustees, etc.	4,000		2,000	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		8,000	6,000	0
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		831	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		22,009	22,009	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	34,840		30,009	0
25	Contributions, gifts, grants paid.......	16,500			16,500
26	Total expenses and disbursements. Add lines 24 and 25	51,340		30,009	16,500
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	344,866
b	Net investment income (if negative, enter -0-)			96,645
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.........	28,045	499,672	499,672
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........		1,600	1,600
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	0	1,172,673	1,172,673
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,681,405	0	0
	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)	1,709,450	1,673,945	1,673,945
	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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	1,709,450	1,673,945
	29	Total net assets or fund balances (see instructions).....	1,709,450	1,673,945
	30	Total liabilities and net assets/fund balances (see instructions).	1,709,450	1,673,945

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

1,709,450

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

344,866

Other increases not included in line 2 (itemize) bullet

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

2,054,316

Decreases not included in line 2 (itemize) bullet

380,371

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

1,673,945

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	ARK INNOVATION ETF SELL 93 SHARES	2020-05-20	2021-11-26
b	ARK INNOVATION ETF SELL 359 SHARES	2020-06-15	2021-11-26
c	WESTERN ASSET CORE BOND SELL 7.6090 SHARES	2020-06-05	2021-11-26
d	WESTERN ASSET CORE BOND SELL 0.0120 SHARES	2021-10-29	2021-11-26
e	WESTERN ASSET CORE BOND SELL 0.0110 SH	2021-11-30	2021-12-31
	WESTERN ASSET CORE BOND SELL 7453.2990 SHARES	2019-12-09	2022-01-12
	PRINCIPAL MIDCAP FUND SELL 448.8610 SH	2016-12-15	2022-01-13
	HARTFORD STRATEGIC SELL 6173.5200 SH	2021-09-23	2022-01-13
	ARTISAN DEVELOPING SELL 1605.4700 SH	2020-04-07	2022-01-13
	ARTISAN DEVELOPING SELL 2484.558 SHARES	2020-04-07	2022-03-01
	ARTISAN DEVELOPING SELL 356.532 SHARES	2021-11-23	2022-03-01
	PRINCIPAL MIDCAP FUND SELL 1332.881 SHARES	2016-12-20	2022-03-24
	PRINCIPAL MIDCAP FUND SELL 146.149 SHARES	2021-12-13	2022-03-24
	PIMCO INCOME FUND CL 12 SELL 2392.1110 SHARES	2016-12-15	2022-03-28
	GUGGENHEIM TOTAL RETURN SELL 959.6080 SHARES	2017-06-02	2022-03-28
	LORD ABBETT GROWTH SELL 11890.211 SHARES	2016-12-15	2022-04-06
	LORD ABBETT GROWTH SELL 269.3342 SHARES	2021-11-23	2022-04-06
	PERMANENT PORTFOLIO FUND SELL 1259.4370 SHARES	2021-01-04	2022-04-06
	PERMANENT PORTFOLIO FUND SELL 1112.0050 SHARES	2021-06-15	2022-05-05
	POLEN GROWTH FUND SELL 967.7060 SHARES	2020-03-14	2022-05-09
	EATON VANCE FLOATING RATE FD SELL 9933.1120 SHARES	2022-01-12	2022-05-18
	PIONEER STRATEGIC SELL 604.7520 SHARES	2019-08-16	2022-05-18
	HARTFORD STRATEGIC SELL 604.7520 SHARES	2021-09-20	2022-05-18
	PIMCO INCOME FUND CL 12 SELL 614.6990 SHARES	2014-06-05	2022-05-18
	EATON VANCE FLOATING RATE FD SELL 5336.2640 SHARES	2022-01-12	2022-05-19
	EATON VANCE FLOATING RATE FD SELL 12.4060 SHARES	2022-01-24	2022-06-06
	EATON VANCE FLOATING RATE FD SELL 21.7490 SHARES	2022-01-25	2022-06-07
	JP MORGAN EXCHANGE ETF SELL 336.0000 SHARES	2022-03-24	2022-06-10
	ISHARES BLACKROCK ULTRA SHORT SELL 336.0000 SHARES	2022-05-18	2022-06-14
	PIMCO COMMODITY REAL ESTATE SELL 0.7690 SHARES	2022-04-06	2022-07-06
	EATON VANCE FLOATING RATE FD SELL 0.0110 SHARES	2022-06-30	2022-07-06
	LOOMIS SAYLES GROWTH SELL 0.5650 SHARES	2019-03-05	2022-07-06
	SMEAD VALUE FUND SELL 0.2790 SHARES	2021-04-14	2022-07-06
	POLEN GROWTH FUND SELL 0.4190 SHARES	2020-03-24	2022-07-06
	GUGGENHEIM TOTAL RETURN SELL 0.9240 SHARES	2017-05-02	2022-07-06
	NEUBERGER BERMAN LARGE SELL 0.0070 SHARES	2021-09-23	2022-07-06
	COHEN & STEERS REAL SELL 0.8560 SHARES	2022-05-06	2022-07-06
	DWS RREEF REAL ASSETS SELL 0.1060 SHARES	2021-04-14	2022-07-06
	PIMCO INCOME FUND CL 12 SELL 0.0430 SHARES	2016-12-15	2022-07-06
	GS GQG PARTNERS SELL 0.1230 SHARES	2019-12-13	2022-07-06
	PIMCO INCOME FUND CL 12 SELL 0.7390 SHARES	2016-12-15	2022-07-06
	WESTERN ASSET CORE BOND SELL 0.9270 SHARES	2019-12-28	2022-07-07
	EATON VANCE FLOATING RATE FD SELL 0.0200 SHARES	2022-06-30	2022-07-08
	PIONEER STRATEGIC SELL 0.5460 SHARES	2019-08-06	2022-07-08
	GUGGENHEIM TOTAL RETURN SELL 0.7630 SHARES	2015-08-27	2022-07-08
	THORNBURG STRAGEGIC SELL 0.4520 SHARES	2022-05-18	2022-07-08
	COHEN & STEERS REAL SELL 7809 SHARES	2022-05-05	2022-07-27
	GS GQG PARTNERS SELL 7809 SHARES	2019-12-13	2022-07-27
	PIONEER STRATEGIC SELL 9842 SHARES	2019-08-06	2022-07-27
	THORNBURG STRAGEGIC SELL 8332 SHARES	2022-05-18	2022-07-27
	WESTERN ASSET CORE BOND SELL 3 SHARES	2021-10-01	2022-07-27
	ISHARES BLACKROCK ULTRA SHORT SELL 3070 SHARES	2022-03-28	2022-07-27
	MERRILL LYNCH - BASIS CORRECTION AT CLOSING OF ACCOUNT #14508	2022-07-31	2022-07-31
	MERRILL LYNCH - BASIS CORRECTION AT CLOSING OF ACCOUNT #14509	2022-07-31	2022-07-31
	POLEN GROWTH FUND SELL 1347 SHARES	2020-03-24	2022-08-26
	GUGGENHEIM TOTAL RETURN SELL 5984.2090 SHARES	2017-05-02	2022-08-26
	LOOMIS SAYLES GROWTH SELL 2797 SHARES	2019-03-05	2022-08-26
	PIMCO COMMODITY REAL ESTATE SELL 6710 SHARES	2022-04-06	2022-08-26
	PATHSTONE STOCK SALES AUGUST 2022 STOCK SALES-SMALL LOTS	2022-07-01	2022-08-31
	PATHSTONE STOCK SALES SEPTEMBER 2022 STOCK SALES-SMALL LOTS	2022-07-01	2022-09-30
	NEUBERGER BERMAN LARGE SELL 1228.694 SHARES - LONG TERM	2021-09-23	2022-09-30
	NEUBERGER BERMAN LARGE SELL 1678.306 SHARES - SHORT TERM	2022-01-13	2022-09-30
	SMEAD VALUE FUND SELL 743.161 SHARES - LONG TERM	2021-04-15	2022-09-30
	SMEAD VALUE FUND SELL 1156.839 SHARES - SHORT TERM	2021-11-29	2022-09-30

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	9,930	5,756	4,174
b	38,331	23,199	15,132
c	100	101	-1
d			0
e			0
	102,478	107,369	-4,891
	17,887	10,434	7,453
	54,821	57,599	-2,778
	33,875	23,006	10,869
	44,747	46,919	-2,172
	6,421	8,449	-2,028
	48,788	35,072	13,716
	5,390	5,902	-512
	26,887	28,550	-1,663
	25,378	25,727	-349
	41,806	31,695	10,111
	9,470	11,891	-2,421
	62,531	58,556	3,975
	52,954	55,533	-2,579
	36,115	27,967	8,148
	99,430	105,072	-5,642
	5,884	6,556	-672
	83,848	98,987	-15,139
	6,682	7,562	-880
	53,096	56,447	-3,351
	125	132	-7
	219	230	-11
	16,843	16,887	-44
	16,970	16,987	-17
	5	6	-1
			0
	11	9	2
	17	17	0
	16	12	4
	23	25	-2
			0
	8	9	-1
	1	1	0
		1	-1
	2	2	0
	8	9	-1
	10	12	-2
			0
	5	6	-1
	19	20	-1
	5	5	0
	79,886	86,186	-6,300
	96,806	84,563	12,243
	94,090	104,804	-10,714
	93,985	95,068	-1,083
	34	38	-4
	153,665	127,896	25,769
	22,504		22,504
	528		528
	54,244	45,209	9,035
	147,032	165,875	-18,843
	58,615	47,589	11,026
	44,947	49,184	-4,237
	2,918	2,884	34
	24,357	25,058	-701
	47,477	54,603	-7,126
	64,850	76,504	-11,654
	44,434	45,853	-1,419
	69,157	81,591	-12,434

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			4,174
b			15,132
c			-1
d			0
e			0
			-4,891
			7,453
			-2,778
			10,869
			-2,172
			-2,028
			13,716
			-512
			-1,663
			-349
			10,111
			-2,421
			3,975
			-2,579
			8,148
			-5,642
			-672
			-15,139
			-880
			-3,351
			-7
			-11
			-44
			-17
			-1
			0
			2
			0
			4
			-2
			0
			-1
			0
			-1
			0
			-1
			-2
			0
			-1
			-1
			0
			-6,300
			12,243
			-10,714
			-1,083
			-4
			25,769
			22,504
			528
			9,035
			-18,843
			11,026
			-4,237
			34
			-701
			-7,126
			-11,654
			-1,419
			-12,434

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	35,041
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	0
3	Add lines 1 and 2...........................	3	1,343
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	1,343
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	1,600
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	1,600
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	257
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax257	Refunded	11	0

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

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

ROBERT KAHN AND DAVID VALENTINE TR Telephone no. bullet

(650) 516-7136

Located at bullet

3963 CESAR CHAVEZ STREETSAN FRANCISCOCA ZIP+4 bullet

941312003

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-)
ROBERT KAHN	DIRECTOR 8.00	4,000
3963 CESAR CHAVEZ STREET SAN FRANCISCO,CA94131	DIRECTOR 8.00	4,000
DAVID VALENTINE	DIRECTOR 4.00	0
3963 CESAR CHAVEZ STREET SAN FRANCISCO,CA94131	DIRECTOR 4.00	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
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2021)

Page 7

Part VII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

1,515,305

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

113,724

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

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

1,629,029

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

1,629,029

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

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

24,435

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

1,604,594

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

80,230

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

80,230

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

1,343

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

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

1,343

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

78,887

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

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

78,887

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

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

78,887

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	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7					78,887
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......	138,656
b From 2017......	70,642
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........		209,298
4Qualifying distributions for 2021 from Part
XI, line 4: $ 16,500
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.....					16,500
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2021.		62,387			62,387
(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		146,911
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...		76,269
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		70,642
10 Analysis of line 9:
a Excess from 2017....	70,642
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 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 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).)

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 e-mail address of the person to whom applications should be addressed:

ROBERT KAHN AND DAVID VALENTINE
3963 CESAR CHAVEZ STREET
SAN FRANCISCO,CA94131
(650) 516-7136
ROBKAHNCA@GMAIL.COM

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

WRITTEN APPLICATIONS

cAny submission deadlines:

NONE

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

PROJECTS, ACTIVITIES AND SERVICES RELATED TO GAY AND LESBIAN HEALTH CARE ISSUES, INCLUDING BUT NOT LIMITED TO, FUNDING FOR AIDS RESEARCH, HEALTH CARE, EDUCATION AND SUPPORT.

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
MAITRI 401 DUBOCE AVE SAN FRANCISCO,CA94102	NONE	PC	THE GRANT IS FOR CORE/UNRESTRICTED PROGRAM FUNDING TO RESIDENTIAL CARE FACILITY FOR CHRONICALLY ILL PEOPLE LIVING WITH HIV. MAITRI IS ONE OF SAN FRANCISCO'S MOST RESPECTED AND VALUED RESOURCES IN PROVIDING CARE TO PEOPLE SEVERELY DEBILITATED BY AIDS.	15,000
ALTURI 1161 N OGDEN DR 109 WEST HOLLYWOOD,CA90046	NONE	PC	SUPPORT IN CULTURAL RELIGION AND POLITICS DISCRIMINATION AND EQUILITY - HUMAN RIGHTS PROTECTION, SAFETY TRANSGENDER AND INTERSEX ISSUES.	1,500
Total ................................. 3a				16,500

bApproved for future payment

Total ................................. 3b				0

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	11
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	35,041
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		126,654	0

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

126,654

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2021)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

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

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

OMB No. 1545-0047

2021

Name of the organization

THE DORIAN FUND

Employer identification number

20-6309863

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

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

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

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

501(c)(3) taxable private foundation

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

General Rule

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

Special Rules

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

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

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

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

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

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

Schedule B (Form 990) (2021) Page 2

Name of organization THE DORIAN FUND

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	HORIZONS FOUNDATION 550 MONTGOMERY 3700 SAN FRANCISCO, CA94111	$ 269,552	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 3

Name of organization THE DORIAN FUND		Employer identification number 20-6309863

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 THE DORIAN FUND			Employer identification number 20-6309863
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

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

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

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

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

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

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

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

Schedule B (Form 990) (2021)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2021 AccountingFeesSchedule

Name:

THE DORIAN FUND

EIN:

20-6309863

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING AND TAX PREP	8,000	6,000		0

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

THE DORIAN FUND

EIN:

20-6309863

Name of Stock	End of Year Book Value	End of Year Fair Market Value
9229 SH DWA RREEF REAL ASSETS FUND INSTITUTIONAL CLASS	98,658	98,658
13988.573 SH PIMCO INCOME FUND CLASS I-3	143,663	143,663
3067 SH JP MORGAN EXCHANGE TRADED FD TR ULTRA SHORT INCOME ETF	153,841	153,841
4 SH ATLASSIAN CORPORATION PLC C/A ETF 10/3/22	842	842
3 SH ACCENTURE PLC IRELAND CLASS SHS	772	772
2 SH EATON CORPORATION PLC SHS	267	267
4 SH JONSON CONTROLS INTL PLC SHARES	197	197
2 SH LINDE PLC SH	539	539
6 SH MEDTRONIC PLC SHS	485	485
2 SH APTIVE PLC SHS COMMON	156	156
1 SH TRANE TECHNOLOGIES PLC	145	145
2 SH TE CONNECTIVITY LTD REG SHS	221	221
23 SH AT&T INC COM	353	353
3 SH ABBOTT LABS COMMON	290	290
8 SH ABBVIE INC COMMON	1,074	1,074
5 SH ADOBE SYSTEMS INC COMMON	1,376	1,376
3 SH ADVANCED MICRO DEVICES INC COMMON	190	190
2 SH AGILENT TECHNOLOGIES INC COMMON	243	243
1 SH AIR PRODUCTS & CHEAMICALS INC COMMON	233	233
2 SH ALLSTATE CORP COMMON	249	249
21 SH ALPHABET INC CAPITAL STOCK CL C	2,019	2,019
39 SH ALPHABET INC CL A	3,730	3,730
26 SH AMAZON.COM INC COMMON	2,938	2,938
1 SH AMERICAN WATER WORKS CO INC NEW	130	130
8 SH ANALOG DEVICES INC COM	1,115	1,115
32 SH APPLE INC COM	4,422	4,422
4 SH APPLIED MATERIALS INC COMMON	328	328
6 SH AUTODESK INC COMMON	1,121	1,121
2 SH AUTOMATIC DATA PROCESSING INC COMMON	452	452
25 SH BANK AMERICA CORP COMMON	755	755
5 SH BANK NEW YORK MELLON CORP COMMON	193	193
3 SH BAXTER INTL INC COMMON	162	162
2 SH BIO RAD LABORATORIES INC CL A	834	834
11 SH BLACKSTONE INC COMMON	921	921
1 SH BOEING CO COMMN	121	121
7 SH BOSTON SCIENTIFIC CORP COMMON	271	271
10 SH BRISTOL MYERS SQUIBB CO COMMON	711	711
2 SH CBRE GROUP INC CLASS A	135	135
1 SH CIGNA CORP NEW COMMON	277	277
7 SH CSX CORP COMMON	186	186
5 SH CVS HEALTH CORP COMMON	477	477
10 SH CADENCE DESIGN SYSTEM INC COMMON	1,634	1,634
1 SH CHEVRON CORP NEW COMMON	144	144
1 SH CHIPOTLE MEXICAN GRILL INC COMMON	1,503	1,503
19 SH CISCO SYSTEM INC COMMON	760	760
10 SH CITIGROUP INC COMMON NEW	417	417
3 SH COGNIZANT TECHNOLOGY SOLUTIONS CORP CLASS A	172	172
4 SH COLGATE PALMOLIVE CO COMMON	281	281
21 SH COMCAST CORP NEW CLASS A	616	616
5 SH CONOCO PHILLIPS COMMON	512	512
2 SH CONSOLIDATED EDISON INC COMMON	172	172
2 SH CONSTELLATION ENERGY CORP COMMON	166	166
1 SH COPART INC COMMON	106	106
1 SH DTE ENERGY CO COMMON	115	115
8 SH DANAHER CORP COMMON	2,066	2,066
1 SH DEERE & CO COMMON	334	334
2 SH DEVON ENERGY CORP NEW COMMON	120	120
2 SH DEXCON INC COMMON	161	161
6 SH WALT DISNEY CO COMMON	566	566
2 SH DISCOVER FINANCIAL SERVICES COMMON	182	182
32 SH DYNATRACE INC COMMON	1,114	1,114
3 SH EOG RES INC COMMON	335	335
4 SH EBAY INC COMMON	147	147
6 SH ECOLAB INC COMMON	867	867
16 SH EDWARDS LIFESCIENCES CORP COMMON	1,322	1,322
3 SH ENPHASE ENERGY INC COMMON	832	832
2 SH EVERSOURCE ENERGY COMMON	156	156
5 SH EXELON CORP COMMON	187	187
4 SH EXXON MOBIL CORP COMMON	349	349
3 SH META PLATFORMS INC CLASS A	407	407
1 SH FEDEX CORP COMMON	148	148
1 SH FIRST REPUBLIC BANK SAN FRANCISCO NEW COMMON	131	131
16 SH FORTIVE CORP COMMON	933	933
8 SH FREEPORT MCMORAN INC CLASS B.	219	219
3 SH GENERAL MILLS INC COMMON	230	230
2 SH GOLDMAN SACHS GROUP INC COMMON	586	586
7 SH HP INC COMMON	174	174
2 SH HILTON WORLDWIDE HOLDING INC COMMON NEW	241	241
7 SH HOME DEPOT INC COMMON	1,932	1,932
3 SH IDEXX LABS INC COMMON	977	977
2 SH ILLINOIS TOOL WORKS INC COMMON	361	361
14 SH INTEL CORPORATE COMMON	361	361
4 SH INTERNATIONAL BUSINESS MACHINES CORP COMMON	475	475
4 SH INTUIT COMMON	1,549	1,549
11 SH JP MORGAN CHASE & CO COMMON	1,150	1,150
11 SH JOHNSON & JOHNSON COMMON	1,797	1,797
2 SH KIMBERLY-CLARK CORPORATE COMMON	225	225
11 SH KINDER MORGAN INC DEL. COMMON	183	183
4 SH KROGER CO COMMON	175	175
1 SH LAUDER ESTEE COS INC CLASS A	216	216
1 SH LOCKHEED MARTIN CORP COMMON	386	386
3 SH LOWES COS INC COMMON	563	563
3 SH MSCI INC COMMON	1,265	1,265
3 SH MARATHON PETROLEUM CORP COMMON	298	298
3 SH MARSH & MCLENNAN COS INC COMMON	448	448
2 SH MARRIOTT INTL INC NEW CLASS A	280	280
22 SH MARVELL TECHNOLOGY INC COMMON	944	944
11 SH MERCK & CO INC NEW COMMON	947	947
28 SH MICROSOFT CORP COMMON	6,521	6,521
7 SH MONDELEZ INTERNATIONAL INC CLASS A	384	384
3 SH MONOLITHIC POWER SYSTEMS INC COMMON	1,090	1,090
5 SH NEWMONT CORP COMMON	210	210
3 SH NEXTERAL ENERGY INC COMMON	235	235
16 SH NIKE INC CLASS B	1,330	1,330
2 SH NUCOR CORP COMMON	214	214
17 SH NVIDIA CORP COMMON	2,064	2,064
4 SH OCCIDENTAL PETROLEUM CORP COMMON	246	246
3 SH ONEOK INC NEW COMMON	154	154
3 SH ORACLE CORP COMMON	183	183
2 SH PNC FINANACIAL SVCS GROUP INC COMMON	299	299
1 SH PPG INDUSTRIES INC COMMON	111	111
5 SH PAYPAL HOLDINGS INC COMMON	430	430
6 SH PEPSICO INC COMMON	980	980
1 SH PRICE T ROWE GROUP INC COMMON	105	105
2 SH PROCTER & GAMBLE CO COMMON	253	253
3 SH PROGRESSIVE CORP OH COMMON	349	349
2 SH PRUDENTIAL FINANCIAL INC COMMON	172	172
3 SH PUBLIC SERVICES ENTERPRISE GROUP INC COMMON	169	169
3 SH QUALCOMM INC COMMON	339	339
2 SH S&P GLOBAL INC COMMON	611	611
3 SH SALESFORCE INC COMMON	432	432
7 SH SCHLUMBERGER LTD COMMON	251	251
6 SH SCHWAB CHARLES CORP NEW COMMON	431	431
1 SJ SEMPRA COMMON	150	150
3 SH SERVICENOW INC COMMON	1,133	1,133
1 SH SHERWIN-WILLIAMS CO COMMON	205	205
10 SH BLOCK INC CLASS A	550	550
6 SH STARBUCKS CORP COMMON	506	506
3 SH SYSCO CORP COMMON	212	212
6 SH TJX COS INC NEW COMMON	373	373
5 SH TESLA INC COMMON	1,326	1,326
3 SH TEXAS INSTRUMENTS INC COMMON	464	464
4 SH THERMO FISHER SCIENTIFIC INC COMMON	2,029	2,029
3 SH 3M CO COMMON	332	332
5 SH TWITTER INC COMMON	219	219
18 SH UNDER ARMOUR INC CLASS A	120	120
3 SH UNITED PARCEL SERVICE INC CLASS B	485	485
8 SH UNITEDHEALTH GROUP INC COMMON	4,040	4,040
2 SH VALERO ENERGY CORP NEW COMMON	214	214
19 SH VERIZON COMMUNICATIONS INC COMMON	721	721
10 SH VERISK ANALYTICS INC COMMON	1,705	1,705
1 SH VERTEX PHARMACEUTICALS INC COMMON	290	290
11 SH VISA INC COMMON CLASS A	1,954	1,954
55 SH VIRTUS ARTIFICIAL INTELLIGENCE & TECHNOLOGY COMMON	857	857
5 SH WALGREENS BOOTS ALLIANCE INC COMMON	157	157
2 SH WASTE MANAGEMENT INC DEL COMMON	320	320
3 SH WEST PHARMACEUTICAL SERVICES INC COM	738	738
5 SH WILLIAMS COS INC COMMON	143	143
3 SH XCEL ENERGY INC COMMON	192	192
2 SH YUM BRANDS INC COMMON	213	213
9 SH AMERICAN TOWER CORP NEW COMMON	1,932	1,932
3 SH PROLOGIS INC COMMON	305	305
3 SH WELLTOWER INC COMMON	193	193
5 SH WEYERHAEUSER CO COMMON	143	143
627 SH ABERDEEN ASIA PACIFIC INCOME FD INC	1,580	1,580
14 SH ABERDEEN GLOBAL DYNAMIC DIVIDEND FD COMMON	118	118
271 SH ABERDEEN TOTAL DYNAMIC DIVIDEND FD COMMON	1,935	1,935
3 SH ADAM NATIONAL RESERVES FD INC COMMON	58	58
147 SH ADAM DIVERSIFIED EQUITY FUND INC COMMON	2,142	2,142
244 SH ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FD INC COM	2,528	2,528
91 SH ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FD INC COM	808	808
15 SH APOLLO SR FLOATING RATE FUND INC COMMON	188	188
153 SH APOLLO TACTICAL INCOME FD INC COMMON	1,802	1,802
6 SH ARES DYNAMIC CREDIT ALLOCATION FUND INC. COMMON	71	71
370.264 SH ARIEL FUND INSTITUTIONAL CLASS	22,453	22,453
47 SH BNY MELLON STRATEGIC MUNS INC COMMON	286	286
47 SH BNY MELLON MUN INCOME INC COMMON	282	282
9 SH BANCROFT FUND COMMON	150	150
8 SH BARINGS GLOBAL SHORT DURATION HIGH YIELD FUND COMMON	98	98
15 SH BLACKROCK ENHANCED GLOBAL DIVIDEND TR COMMON	132	132
5 SH BLACKROCK MUNI HOLDING FD INC COMMON	56	56
94 SH BLACKROCK MUNIVEST FUND INC COMMON	624	624
68 SH BLACKROCK MUNIYIELD FUND INC COMMON	676	676
374 SH BLACKROCK MUNI INCOME FUND INC COMMON	4,062	4,062
288 SH BLACKROCK MUNIYIELD QUALITY FD III INC COMMON	3,004	3,004
8 SH BLACKSTONE LONG SHORT CR INCOME FD COMMON	87	87
120 SH BLACKSTONE STRATEGIC CR FD COMMON	1,276	1,276
206 SH BLACKROCK CAPITAL ALLOCATION TRUST COMMON	2,804	2,804
200 SH BLACKROCK ESG CAPITAL ALLOCATION TRUST SH BENEFICIAL INT	2,562	2,562
21 SH BNY MELLON STRATEGIC MUN BD FD INC COMMON	119	119
1222.085 SH BOSTON TRUST WALDEN SMID CAP FUND	22,902	22,902
178 SH SRH TOTAL RETURN FUND INC COMMON	1,937	1,937
99 SH BRANDYWINE GLOBAL INCOME OPP FD	754	754
154 SH CBRE GLOBAL REAL ESTATE INCOME FD COMMON	889	889
6934.455 SH CALVERT FLEXIBLE BOND FUND CLASS I	97,637	97,637
4 SH CENTRAL SECS CORP COMMON	135	135
47 SH COHEN STEERS REAL ESTATE OPPORTUNITIES INCOME FD SHS	628	628
16 SH CUSHING NEXTGEN INFRASTRUCTURE INCOME FD COMMON NEW	587	587
226 SH DWS MUNICIPAL TRUST NEW COMMON	1,880	1,880
60 SH DELAWARE IVY HIGH INCOME OPPORTUNITIES FD COMMON	605	605
36 SH DOUBLELINE YIELD OPPORTUNITIES FD COMMON	486	486
16 SH DOUBLELINE INCOME SOLUTIONS FUND COMMON	173	173
123 SH EATON VANCE MUNICIPAL BOND FD COMMON	1,191	1,191
46 SH ELLSWORTH GROWTH & INCOME FUND LTD COMMON	368	368
3190.835 SH FEDERATED HERMES SDG ENGAGEMENT EQUITY FUND CLASS I	33,153	33,153
20 SH FEDERATED HERMES PREMIER MUN INCOME FD COMMON	207	207
10 SH FIRST TRUST HIGH INCOME LONG SHORT FD COMMON	108	108
10 SH FIRST TRUST DYNAMIC EUROPE EQUITY INCOME FD COMMON SHS	95	95
29 SH GENERAL AMERICAN INVS CO INC COMMON	982	982
5430.107 SH HARTFORD SCHRODERS INTERNATIONAL STOCK FUND CLASS I	67,605	67,605
75 SH INVESCO SR INCOME TRUST COMMON	279	279
54 SH INVESCO MUNICIPAL TRUST COMMON	494	494
68 SH INVESCO TRUST INVESTMENT GRADE MUNICPALS COMMON	636	636
37 SH INVESCO MUNICIPAL OPPORTUNITY TRUST COMMON	337	337
87 SH INVESCO QUALITY MUNICIPAL INCOME TRUST COMMON	794	794
275 SH KAYNE ANDERSON NEXTGEN ENERGY & INFRASTRUCTURE INC COMMON	1,944	1,944
139 SH MFS MUNICIPAL INCOME TRUST SH BENEFICIAL INTEREST	673	673
63 SH MACQUARIE GLOBAL INFRASTRUCTURE TOTAL RETURN FD COMMON	1,200	1,200
52 SH MFS HIGH INCOME MUNICIPAL TRUST SHS BENEFICIAL INTEREST	175	175
138 SH MORGAN STANLEY EMERGING MKTS DEBT FUND INC COMMON	850	850
340 SH MORGAN STANLEY EMERGING MKTS DOMESTIC DEBT FUND INC COMMON	1,367	1,367
10 SH NEUBERGER BERMAN MUNICIPAL FD INC COMMON	101	101
41 SH NUVEEN AMT FREE QUALITY MUNICIPAL INCOME FD COMMON	435	435
11 SH NUVEEN SR INCOME FD COMMON	51	51
732 SH NUVEEN CREDIT STRATEGIES INCOME FD COMMON	3,741	3,741
22 SH NUVEEN SHORT DURATION CR OPP FUND COMMON	260	260
55 SH NUVEEN GLOBAL HIGH INCOME FD SHS	580	580
13 SH NUVEEN MULTI ASSET INCOME FD COMMON	148	148
105 SH PILGRIM HIGH YIELD BD FD INC COMMON	1,212	1,212
335 SH PILGRIM GLOBAL HIGH YIELD FD COMMON	3,544	3,544
159 SH PIMCO ENERGY & TACTICAL CREDIT OPPORTUNITIES FD COMMON	2,151	2,151
76 SH PILGRIM SHORT DURATION HIGH YIELD OPPORTUNITIES FD COMMON	1,092	1,092
6 SH PIONEER FLOATING RATE FD INC COMMON	52	52
74 SH PIONEER MUNICIPAL HIGH INCOME OPPORTUNITIES FD INC COMMON	750	750
41 SH PIONEER MUNICIPAL HIGH INCOME ADVANTAGE FD INC COMMON	310	310
115 SH PIONEER MUNICIPAL HIGH INCOME FD INC COMMON	944	944
2702.797 SH BOSTON COMMON ESG IMPACT INTERNATIONAL FUND	67,678	67,678
2749.252 SH RBC MARKETS EQUITY FUND CLASS I	27,822	27,822
20 SH TEMPLETON GLOBAL INCOME FUND COMMON	81	81
12870.819 SH VANGUARD ULTRA SHORT TERM BOND FUND ADMIRAL SHARES	252,912	252,912
171 SH VIRTUS CONV & INCOME FD II COMMON	482	482
127 SH VIRTUS DIVIDEND , INTEREST & PREMIUM STRATEGY FD COMMON	1,356	1,356
195 SH VOYA GLOBAL EQUITY DIVIDEND & PREMIUM OPPORTUNITY FD	975	975
361 SH WESTERN ASSET EMERGING MARKETS DEBT FUND INC COMMON	2,881	2,881
8 SH WESTERN ASSET GLOBAL HIGH INCOME FUND INC COMMON	52	52
99 SH WESTERN ASSET HIGH INCOME OPPORTUNITY FUND INC COMMON	364	364
124 SH WESTERN ASSET MANAGED MUNICIPALS FD INC COMMON	1,203	1,203
20 SH WESTERN ASSET MUNICIPAL PARTNERS FD INC SH BEN INT.	224	224
8 SH WESTERN ASSET MORTGAGE OPPORTUNITY FUND INC COMMON	89	89
55 SH WESTERN ASSET DIVERSIFIED INCOME FUND COMMON SHS BEN INT.	692	692
34 SH WESTERN ASSET INTERMEDIATE MUNI FUND INC SH BENEF. INT	250	250
18 SH INVESCO EXCHANGE TRADED FUND TRUST II SR LOAN ETF	363	363
9 SH ISHARES TRUST COHEN & STEERS REIT ETF	483	483
10 SH ISHARES TR JP MORGAN USD EMERGING MARKETS BD ETF	794	794
26 SH ISHARES TR NATIONAL MUN BD ETF FUND	2,667	2,667
14 SH ISHARES TRUST 1-5 YR INVESTMENT GRADE CORPORATE BD ETF	690	690
16 SH ISHARES TRUST CORE MSCI EAFE ETF	843	843
3 SH ISHARES TRUST CONV BD ETF	207	207
9 SH ISHARES TRUST BROAD USD HIGH YIELD	303	303
3 SH SPDR SERIES BLOOMBERG BARCLAYS US CONV LIQUID BD IDX	190	190
7 SH SSGA ACTIVE ETF TRUST SPDR BLACKSTONE SR LN ETF	286	286
6 SH SPDR SER TR BLOOMBER HIGH YIELD BOND ETF	527	527
23 SH VANGUARD INTL FD FTSE DEVELOPED MARKETS ETF	836	836
9 SH VANGUARD SCOTTSALE FDS VANGUARD SHORT TERM CORP BD IDX	669	669
54 SH VANGUARD MUNI VD FDS TAX EXEMPT BD IDX FUND ETF	2,598	2,598

- TIN:

TY 2021 OtherDecreasesSchedule

Name:

THE DORIAN FUND

EIN:

20-6309863

Description	Amount
UNREALIZED GAIN/LOSS ON INVESTMENTS	380,371

- TIN:

TY 2021 OtherExpensesSchedule

Name:

THE DORIAN FUND

EIN:

20-6309863

Description	Revenue and Expenses per Books	Net Investment Income
MANAGEMENT FEES AND BROKERAGE FEES	21,675	21,675
BANK CHARGES	15	15
DUES AND SUBSCRIPTIONS	216	216
MISCELLANEOUS	103	103

- TIN:

TY 2021 TaxesSchedule

Name:

THE DORIAN FUND

EIN:

20-6309863

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
STATE FILING FEES	50	0		0
FEDERAL TAX	781	0		0