Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 07-01-2021 , and ending 06-30-2022
Name of foundation
THE ANNENBERG FOUNDATION TRUST AT
SUNNYLANDS
Number and street (or P.O. box number if mail is not delivered to street address)37977 BOB HOPE DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RANCHO MIRAGE, CA92270
A Employer identification number

25-6774871
B Telephone number (see instructions)

(760) 202-2222
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$573,608,954J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,112
2 Check bullet.............
3 Interest on savings and temporary cash investments 117,201 117,201 117,201
4 Dividends and interest from securities... 4,814,042 6,317,645 6,317,645
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 104,381,170
b Gross sales price for all assets on line 6a 480,984,380
7 Capital gain net income (from Part IV, line 2)... 104,421,243
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances 554,388
b Less: Cost of goods sold.... 268,928
c Gross profit or (loss) (attach schedule)..... Click to see attachment 285,460 285,460
11 Other income (attach schedule)....... Click to see attachment 4,420,113 1,225,475 1,874,258
12 Total. Add lines 1 through 11........ 114,020,098 112,081,564 8,594,564
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,287,281 27,636 27,636 1,259,645
14 Other employee salaries and wages...... 5,885,772 43,009 414,717 5,370,154
15 Pension plans, employee benefits....... 2,087,802 9,221 92,641 1,998,739
16a Legal fees (attach schedule)......... Click to see attachment 52,785 0 0 52,785
b Accounting fees (attach schedule)....... Click to see attachment 110,385 0 0 110,385
c Other professional fees (attach schedule).... Click to see attachment 1,988,070 1,363,418 1,363,418 624,652
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,957,832 21,639 24,566 1,938,095
19 Depreciation (attach schedule) and depletion... Click to see attachment 4,739,907 0 33,758
20 Occupancy.............. 3,497,912 0 0 3,667,357
21 Travel, conferences, and meetings....... 680,103 0 7,419 672,684
22 Printing and publications.......... 26,506 0 0 26,506
23 Other expenses (attach schedule)....... Click to see attachment 2,643,197 0 54,926 2,636,614
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 24,957,552 1,464,923 2,019,081 18,357,616
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 24,957,552 1,464,923 2,019,081 18,357,616
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 89,062,546
b Net investment income (if negative, enter -0-) 110,616,641
c Adjusted net income (if negative, enter -0-)... 6,575,483
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2,571 3,424 3,424
2 Savings and temporary cash investments......... 47,000,974 88,952,860 88,952,860
3 Accounts receivable bullet97,345
Less: allowance for doubtful accounts bullet   2,305 97,345 97,345
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 145,045 163,529 163,529
9 Prepaid expenses and deferred charges.......... 396,395 274,963 274,963
10a Investments—U.S. and state government obligations (attach schedule) 7,396,382 0 0
b Investments—corporate stock (attach schedule)....... 345,317,659 Click to see attachment255,859,619 255,859,619
c Investments—corporate bonds (attach schedule)....... 63,912,591 Click to see attachment5,859,500 5,859,500
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 66,631,782 Click to see attachment93,861,857 93,861,857
14 Land, buildings, and equipment: basis bullet177,786,217
Less: accumulated depreciation (attach schedule) bullet44,900,848 135,422,119 Click to see attachment132,885,369 119,833,234
15 Other assets (describe bullet) Click to see attachment599,721 Click to see attachment8,702,623 Click to see attachment8,702,623
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 666,827,544 586,661,089 573,608,954
Liabilities 17 Accounts payable and accrued expenses.......... 2,262,032 1,787,933
18 Grants payable.................    
19 Deferred revenue................. 2,111  
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment2,447,062 Click to see attachment120,952
23 Total liabilities (add lines 17 through 22)......... 4,711,205 1,908,885
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 662,116,339 584,752,204
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 662,116,339 584,752,204
30 Total liabilities and net assets/fund balances (see instructions). 666,827,544 586,661,089
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
662,116,339
2
Enter amount from Part I, line 27a .....................
2
89,062,546
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
751,178,885
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
166,426,681
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
584,752,204
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a LT PUBLICLY TRADED SECURITIES/OTHER      
b ST PUBLICLY TRADED SECURITIES/OTHER      
c CAPITAL GAIN DISTRIBUTIONS P 2021-07-01 2022-06-30
d CLASS ACTION SETTLEMENT P 2021-07-01 2022-06-30
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 340,677,525   234,874,006 105,803,519
b 137,856,961   141,689,131 -3,832,170
c 2,448,472     2,448,472
d 1,422     1,422
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       105,803,519
b       -3,832,170
c       2,448,472
d       1,422
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 104,421,243
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -3,832,170
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,537,571
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 1,537,571
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 1,482,631
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 150,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,632,631
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 95,060
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet95,060 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA, PA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.SUNNYLANDS.ORG
    14
    The books are in care ofbulletEDWARD DORAN Telephone no.bullet (760) 202-2268

    Located atbullet37977 BOB HOPE DRIVERANCHO MIRAGECA ZIP+4bullet92270
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    WALLIS ANNENBERG TRUSTEE
    1.00     		0 0 0
    2000 AVE OF THE STARS SUITE 1000
    LOS ANGELES,CA90067
    LAUREN A BON TRUSTEE
    1.00     		0 0 0
    2000 AVE OF THE STARS SUITE 1000
    LOS ANGELES,CA90067
    GREGORY WEINGARTEN TRUSTEE
    2.00     		0 0 0
    2000 AVE OF THE STARS SUITE 1000
    LOS ANGELES,CA90067
    CHARLES WEINGARTEN TRUSTEE
    1.00     		0 0 0
    2000 AVE OF THE STARS SUITE 1000
    LOS ANGELES,CA90067
    DIANE DESHONG TRUSTEE
    2.00     		0 0 0
    37977 BOB HOPE DRIVE
    RANCHO MIRAGE,CA92270
    LEONORE DESHONG TRUSTEE
    1.00     		0 0 0
    37977 BOB HOPE DRIVE
    RANCHO MIRAGE,CA92270
    HOWARD DESHONG III TRUSTEE
    2.00     		0 0 0
    37977 BOB HOPE DRIVE
    RANCHO MIRAGE,CA92270
    ELIZABETH R KABLER TRUSTEE
    2.00     		0 0 0
    37977 BOB HOPE DRIVE
    RANCHO MIRAGE,CA92270
    ELIZABETH K SORENSEN TRUSTEE
    2.00     		0 0 0
    37977 BOB HOPE DRIVE
    RANCHO MIRAGE,CA92270
    DAVID J LANE PRESIDENT
    40.00     		484,457 32,137 0
    2000 MASSACHUSETTS AVE NW STE 250
    WASHINGTON,DC20036
    JANICE LYLE CENTER DIRECTOR
    40.00     		192,134 25,383 0
    37977 BOB HOPE DRIVE
    RANCHO MIRAGE,CA92270
    KATHLEEN DOHERTY CSO/CRO
    40.00     		308,120 22,150 0
    2000 MASSACHUSETTS AVE NW STE 250
    WASHINGTON,DC20036
    ROBERT W CARAGHER CFO/CHF ADM OFFICER (THRU 7/22)
    40.00     		163,778 22,552 0
    37977 BOB HOPE DRIVE
    RANCHO MIRAGE,CA92270
    MICHAEL ELLZEY DIR PROPERTY MGMT & DEV
    40.00     		105,715 141 0
    37977 BOB HOPE DRIVE
    RANCHO MIRAGE,CA92270
    ROBERT BELL CHF ADM OFFICER (BEG 4/22)
    40.00     		33,077 5 0
    37977 BOB HOPE DRIVE
    RANCHO MIRAGE,CA92270
    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
    MARISA LUZZATTO DIR-OPERATIONS/PRGMS
    40.00     		168,206 39,561 0
    2000 MASSACHUSETTS AVE
    WASHINGTON,DC20036
    JEFFREY PHILLIPS POLICY DIRECTOR
    40.00     		152,869 40,811 0
    2000 MASSACHUSETTS AVE
    WASHINGTON,DC20036
    ROBERT FALLON POLICY DIRECTOR
    40.00     		156,259 22,825 0
    2000 MASSACHUSETTS AVE
    WASHINGTON,DC20036
    EDWARD DORAN DIRECTOR - FIN & RIS
    40.00     		150,450 23,144 0
    37977 BOB HOPE DRIVE
    RANCHO MIRAGE,CA92270
    KATHLEEN HALL JAMIESON PROGRAM DIRECTOR
    10.00     		135,999 0 0
    37977 BOB HOPE DRIVE
    RANCHO MIRAGE,CA92270
    Total number of other employees paid over $50,000...................bullet 40
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    HAWTHORN FAMILY WEALTH INV CONSULTING 343,776
    1600 MARKET STREET
    PHILADELPHIA,PA19103
    EAGLE CAPITAL MANAGEMENT INVESTMENT MNGT 339,915
    499 PARK AVENUE 17TH FLOOR
    NEW YORK,NY10022
    NEPC LLC INV CONSULTING 337,756
    255 STATE STREET
    BOSTON,MA02109
    SOUTHWEST GROWERS & LANDSCAPING LANDSCAPING 312,087
    27068 LA PAZ ROAD
    ALISO VIEJO,CA92656
    ACORN TECHNOLOGY SERVICES IT SERVICES 287,793
    1960 CHICAGO AVE SUITE E-9
    RIVERSIDE,CA92507
    Total number of others receiving over $50,000 for professional services.............bullet16
    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 RETREATS & OTHER CONVENINGS(SEE STATEMENT 16) 8,554,627
    2 PUBLIC PROGRAMS & EDUCATION(SEE STATEMENT 16) 8,466,238
    3 PUBLIC PROGRAMS ON THE OPEN LAND(SEE STATEMENT 16) 15,479
    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 NONE 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    415,517,462
    b
    Average of monthly cash balances.......................
    1b
    82,471,124
    c
    Fair market value of all other assets (see instructions)................
    1c
    33,568,671
    d
    Total (add lines 1a, b, and c).........................
    1d
    531,557,257
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    531,557,257
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    7,973,359
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    523,583,898
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    26,179,195
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
     
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
     
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
     
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7  
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    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: bullet$ 0
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount.....  
    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 ..........     		 
    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)
    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
    2004-09-21
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
    6,575,483 4,962,313 6,577,314 7,729,765 25,844,875
    b 85% (0.85) of line 2a ......... 5,589,161 4,217,966 5,590,717 6,570,300 21,968,144
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		20,847,210 15,511,092 15,718,437 16,240,781 68,317,520
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		20,847,210 15,511,092 15,718,437 16,240,781 68,317,520
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		17,452,797 15,940,064 14,320,981 14,259,917 61,973,759
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a 0
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 117,201  
    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 ............     		    18 104,381,170  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aGIFT SHOP & CAFE SALES     		453220 109,479 03 97,484 78,497
    bROYALTIES     15 1,287  
    cDEFERRED EXCISE TAX BENEFIT     01 2,313,070  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 109,479 113,181,227 727,280
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    114,017,986
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1 THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS ENGAGES IN INCOME-PRODUCING ACTIVITIES THAT CONTRIBUTE IMPORTANTLY TO THE ACCOMPLISHMENT OF ITS EXEMPT PURPOSES. IN ORDER TO FURTHER ITS EDUCATIONAL PURPOSES, THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS CONDUCTS TOURS THAT ARE OPEN TO THE PUBLIC, WHEREBY MEMBERS OF THE PUBLIC LEARN ABOUT SUCH THINGS AS THE HISTORICAL AND ARCHITECTURAL SIGNIFICANCE OF ITS PROPERTY, THE ARTWORK OF THE "ANNENBERG COLLECTION, AND THE GARDENS AND THE BIRDS LOCATED ON THE GROUNDS. THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS ALSO HAS A GIFT SHOP THAT OFFERS BOOKS AND OTHER EDUCATIONAL ITEMS TO ENHANCE THE PUBLIC'S UNDERSTANDING AND APPRECIATION OF THE VARIOUS EDUCATIONAL ASPECTS OF THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS. IN ORDER FOR VISITORS TO DEVOTE A GREATER PORTION OF THEIR TIME AND ATTENTION TO ITS EDUCATIONAL FACILITIES, THE ANNENBERG FOUNDATION TRUST AT SUNNYLANDS HAS A CAFE THAT IS OPEN TO THE PUBLIC.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE ANNENBERG FOUNDATION TRUST AT
     
    SUNNYLANDS
    EIN:
    25-6774871
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDITING/TAX FEES 110,385 0 0 110,385

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

    TY 2021 DepreciationSchedule
    Name:
    THE ANNENBERG FOUNDATION TRUST AT
     
    SUNNYLANDS
    EIN:
    25-6774871
    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
    LAND   67,315,000     0 % 0 0 0  
    BUILDING AND IMPROVEMENTS   99,390,642 37,446,015   0 % 0 0 0  
    FURNITURE AND EQUIPMENT   9,859,139 7,429,657   0 % 0 0 0  
    LEASEHOLD IMPROVEMENTS   27,927 25,176   0 % 0 0 0  
    CONSTRUCTION IN PROGRESS   1,193,509     0 % 0 0 0  

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE ANNENBERG FOUNDATION TRUST AT
     
    SUNNYLANDS
    EIN:
    25-6774871
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JP MORGAN BASKET NOTE 5,859,500 5,859,500

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE ANNENBERG FOUNDATION TRUST AT
     
    SUNNYLANDS
    EIN:
    25-6774871
    Name of Stock End of Year Book Value End of Year Fair Market Value
    A A R CORP 134,223 134,223
    AERCAP HOLDINGS NV 470,851 470,851
    ALAMOS GOLD INC NEW CLASS A 73,542 73,542
    ALKERMES PLC 78,139 78,139
    ALLETE INC 160,763 160,763
    ALPHABET INC CL A 82,812 82,812
    ALPHABET INC CL C 2,605,253 2,605,253
    AMAZON COM INC 1,733,347 1,733,347
    ANGIODYNAMICS INC 54,993 54,993
    AON PLC SHS CL A 1,262,642 1,262,642
    APOGEE ENTERPRISES INC 179,353 179,353
    APPIAN CORP 41,961 41,961
    ASTEC INDUSTRIES INC 163,976 163,976
    AVISTA CORP 106,034 106,034
    AXON ENTERPRISE INC 1,029,342 1,029,342
    AZENTA INC 576,079 576,079
    AZZ INC 183,772 183,772
    BEACON ROOFING SUPPLY INC 47,457 47,457
    BELDEN INC 234,335 234,335
    BIOCRYST PHARMACEUTICALS INC 117,343 117,343
    BLUEPRINT MEDICINES CORP 36,620 36,620
    BRIGHT HORIZONS FAMILY SOLUT 159,658 159,658
    BUMBLE INC 338,279 338,279
    CAPITAL ONE FINL CORP 446,454 446,454
    CHEGG INC 146,052 146,052
    CIRCOR INTERNATIONAL INC 108,895 108,895
    CITIGROUP INC 1,207,192 1,207,192
    COLUMBUS MCKINNON CORPORATION 66,102 66,102
    COMCAST CORP CLASS A 1,334,199 1,334,199
    COMMUNITY BK SYS INC 123,966 123,966
    COMPASS MINERALS INTERNATIONAL 332,878 332,878
    CONDUENT INC 88,340 88,340
    CONOCOPHILLIPS 307,060 307,060
    COSTAR GROUP INC 1,303,950 1,303,950
    COTY INC COM CL A 520,986 520,986
    COUPA SOFTWARE INC 223,261 223,261
    COUSINS PROPERTIES INC 98,037 98,037
    CSG SYS INTL INC 154,094 154,094
    DIGITALBRIDGE GROUP INC CL A COM 54,963 54,963
    DISH NETWORK CORP CL A 387,898 387,898
    DOMO INC 229,600 229,600
    DRIL QUIP INC 120,331 120,331
    EHEALTH INC 63,519 63,519
    ELEMENT SOLUTIONS INC 119,847 119,847
    ELEVANCE HEALTH INC 775,506 775,506
    EMPIRE STATE REALTY TRUST IN 53,344 53,344
    ENERSYS 136,139 136,139
    ENOVIX CORPORATION 262,667 262,667
    ENPHASE ENERGY INC 897,128 897,128
    ENTERPRISE FINL SVCS 104,290 104,290
    EQUITY COMMONWEALTH 634,511 634,511
    ETSY INC 818,488 818,488
    EVERQUOTE INC CLASS A 156,495 156,495
    EVOLENT HEALTH INC A 621,540 621,540
    EVOLUTION AB A D R 157,015 157,015
    FARO TECHNOLOGIES INC 145,548 145,548
    FIRST WATCH RESTAURANT GROUP I COM 5,263 5,263
    GENERAL ELEC CO 1,078,188 1,078,188
    GENERAL MTRS CO COM 283,394 283,394
    GENIUS SPORTS LIMITED SHS 144,927 144,927
    GILDAN ACTIVEWEAR INC 107,033 107,033
    GLACIER BANCORP INC NEW 142,450 142,450
    GLATFELTER CORPORATION 114,573 114,573
    GLOBANT SA 119,364 119,364
    GOLDMAN SACHS GROUP INC 1,358,272 1,358,272
    GREEN DOT CORP CL A 76,485 76,485
    HAIN CELESTIAL GROUP INC 363,388 363,388
    HARLEY DAVIDSON INC 86,337 86,337
    HEALTHEQUITY INC 510,765 510,765
    HELMERICH PAYNE INC 130,945 130,945
    HILTON WORLDWIDE HLDGS WI 902,998 902,998
    HURON CONSULTING GROUP INC 94,430 94,430
    IAC INTERACTIVECORP NEW 256,399 256,399
    ICU MEDICAL INC 336,178 336,178
    IMMUNOGEN INC 28,026 28,026
    KBR INC 207,690 207,690
    KORNIT DIGITAL LTD 490,558 490,558
    LAKELAND FINANCIAL CORP 55,261 55,261
    LIBERTY BROADBAND C 1,493,028 1,493,028
    LIFE TIME GROUP HOLDINGS INC COMMON 491,140 491,140
    LIQUIDITY SERVICES INC 345,462 345,462
    LIVE PERSON INC 226,339 226,339
    LYONDELLBASELL INDUSTRIES N V SHS A 453,130 453,130
    MAGNITE INC COM 276,807 276,807
    MARRIOTT INTL INC 1,520,728 1,520,728
    MEDNAX INC 104,777 104,777
    MERCURY SYSTEMS INC 243,360 243,360
    META PLATFORMS INC 1,512,364 1,512,364
    MICROSOFT CORP 2,872,900 2,872,900
    MODINE MANUFACTURING CO 88,947 88,947
    MORGAN STANLEY 1,314,469 1,314,469
    NASPERS LTD N SPON A D R 152,099 152,099
    NATIONAL BANK HOLD CL A 210,408 210,408
    NCR CORPORATION 367,160 367,160
    NETFLIX COM INC 1,226,713 1,226,713
    NEW JERSEY RESOURCES CORP 175,938 175,938
    O G E ENERGY CORP 147,762 147,762
    O S I SYS INC 429,080 429,080
    ONESPAWORLD HOLDINGS LTD 156,277 156,277
    ORTHOFIX MEDICAL INC 318,167 318,167
    PACIFIC PREMIER BANCORP INC 113,217 113,217
    PAPA JOHNS INTL INC 35,078 35,078
    PAYCOM SOFTWARE INC 1,280,709 1,280,709
    PAYLOCITY HOLDING CORP 355,294 355,294
    PDC ENERGY INC 96,296 96,296
    PHYSICIANS REALTY TRUST 106,253 106,253
    PNM RESOURCES INC 183,810 183,810
    PORCH GROUP INC COM 183,119 183,119
    PROGRESS SOFTWARE CORP 435,786 435,786
    PROSUS NV SPON ADR A D R 428,344 428,344
    QUANEX BLDG PRODS CORP 142,415 142,415
    QUOTIENT TECHNOLOGY INC 64,609 64,609
    RANGE RESOURCES CORP 96,872 96,872
    REGAL BELOIT CORP 309,115 309,115
    RENASANT CORP 32,584 32,584
    REV GROUP INC 170,148 170,148
    S P X CORP 322,218 322,218
    SAFRAN SA UNSPON A D R 634,284 634,284
    SCHNITZER STEEL INDS INC A 31,198 31,198
    SEACOAST BANKING CORP FL 194,540 194,540
    SHOTSPOTTER INC 172,655 172,655
    SILGAN HLDGS INC 170,817 170,817
    SOUTH STATE CORP 107,856 107,856
    SP PLUS CORP 225,331 225,331
    SPROUT SOCIAL INC CLASS A 160,622 160,622
    SPS COMMERCE INC 1,173,233 1,173,233
    STERLING INFRASTRUCTURE INC 134,940 134,940
    STRATASYS LTD 546,608 546,608
    SUMMIT MATERIALS INC CL A 105,131 105,131
    SURMODICS INC 64,855 64,855
    THE LOVESAV CO 282,480 282,480
    TOAST INC CL A 526,477 526,477
    TREEHOUSE FOODS INC 38,223 38,223
    UMPQUA HOLDINGS CORP 198,372 198,372
    UNDER ARMOUR INC CL A 32,762 32,762
    UNITED COMMUNITY BANKS INC 203,330 203,330
    UNITEDHEALTH GROUP INC COM 1,858,827 1,858,827
    VANGUARD INSTL INDEX INSTL#94 29,943,040 29,943,040
    VICTORY CAPITAL HOLDING A 273,921 273,921
    VISA INC COM CL A 425,873 425,873
    WALT DISNEY CO THE 413,661 413,661
    WELLS FARGO CO NEW COM 907,921 907,921
    WESBANCO INC 114,568 114,568
    WOODWARD INC 508,048 508,048
    WORKIVA INC 401,747 401,747
    ZETA GLOBAL HOLDINGS CORP CL A 317,535 317,535
    ARROWSTREET INT EQ ACWI EX US TRUST 36,139,546 36,139,546
    AXIOM INTL SM CAP EQUITY FD 12,133,951 12,133,951
    JENNISON GLOBAL OPPORTUNITIES FUND 19,912,807 19,912,807
    LORD ABBETT SHORT DURATION TRUST A 19,483,817 19,483,817
    SSGA FTSE RAFI US 1000 INDEX CTF 25,221,363 25,221,363
    SSGA US TIPS INDEX NL CTF 9,015,602 9,015,602
    SSGA US TREASURY INDX NL (CMQZ) 28,063,272 28,063,272
    WTC-CTF OPP FIXED INC 18,273,491 18,273,491

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE ANNENBERG FOUNDATION TRUST AT
     
    SUNNYLANDS
    EIN:
    25-6774871
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HAMILTON LANE MARKET STREET OPPOR FMV 8,368,847 8,368,847
    HUDSON BAY INTERNATIONAL FUND LTD FMV 17,078,728 17,078,728
    STAR MOUNTAIN DIVERSIFIED SMALL B FMV 3,540,238 3,540,238
    FIERA GLOBAL EQTY LONG-ONLY FUND LP FMV 21,952,114 21,952,114
    GCM GROSVENOR ADVANCE FDR FUND LP FMV 3,382,587 3,382,587
    KLCP DOMESTIC FUND III LP FMV 2,116,362 2,116,362
    SPARK CAPITAL GROWTH FUND IV LP FMV 817,250 817,250
    SPARK CAPITAL VII, LP FMV 569,817 569,817
    STAR MTN DIV CREDIT INC III OFF FMV 4,757,547 4,757,547
    VWH PARTNERS III LP FMV 496,515 496,515
    WILLIAM BLAIR EM MKTS GROWTH FD LLC FMV 28,391,304 28,391,304
    WINDROSE HEALTH INVESTORS VI, LP FMV 1,032,702 1,032,702
    YORK CREDIT OPP UNIT TRA7SER2014 FMV 651,067 651,067
    YORK CREDIT OPP UNIT TRCLAU1 FMV 706,779 706,779

    TY 2021 LandEtcSchedule2
    Name:
    THE ANNENBERG FOUNDATION TRUST AT
     
    SUNNYLANDS
    EIN:
    25-6774871
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 67,315,000 0 67,315,000  
    BUILDING AND IMPROVEMENTS 99,390,642 37,446,015 61,944,627  
    FURNITURE AND EQUIPMENT 9,859,139 7,429,657 2,429,482  
    LEASEHOLD IMPROVEMENTS 27,927 25,176 2,751  
    CONSTRUCTION IN PROGRESS 1,193,509 0 1,193,509  


    TY 2021 LegalFeesSchedule
    Name:
    THE ANNENBERG FOUNDATION TRUST AT
     
    SUNNYLANDS
    EIN:
    25-6774871
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL COUNSEL, TRUST LAW 52,785 0 0 52,785


    TY 2021 OtherAssetsSchedule
    Name:
    THE ANNENBERG FOUNDATION TRUST AT
     
    SUNNYLANDS
    EIN:
    25-6774871
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST AND DIVIDENDS 531,359 202,954 202,954
    COPYRIGHTS & TRADEMARKS 68,362 76,623 76,623
    PENDING SALES OF INVESTMENTS   8,423,046 8,423,046


    TY 2021 OtherDecreasesSchedule
    Name:
    THE ANNENBERG FOUNDATION TRUST AT
     
    SUNNYLANDS
    EIN:
    25-6774871
    Description Amount
    NET UNREALIZED LOSS 166,426,681


    TY 2021 OtherExpensesSchedule
    Name:
    THE ANNENBERG FOUNDATION TRUST AT
     
    SUNNYLANDS
    EIN:
    25-6774871
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATIONARY, SUP & POSTAGE 329,012 0 26,296 302,717
    ADVERTISING & PROMOTION 84,864 0 0 84,864
    EMPLOYEE TRNG & RECRUITING 306,979 0 0 306,979
    MEMBERSHIPS & SUBSCRIPTIONS 69,798 0 0 69,798
    PROGRAM & SPECIAL EVENTS 846,113 0 0 846,113
    COMPUTER EQPT & SOFTWARE 144,299 0 0 144,299
    EQUIPMENT 153,338 0 0 153,338
    INSURANCE 544,403 0 0 544,403
    LICENSES & PERMITS 5,807 0 0 5,807
    GENERAL & ADMIN MISC 158,584 0 28,630 178,296


    TY 2021 OtherIncomeSchedule2
    Name:
    THE ANNENBERG FOUNDATION TRUST AT
     
    SUNNYLANDS
    EIN:
    25-6774871
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    STAR MTN DIV SM BUS-SUBPART F 0 753,741 753,741
    HAMILTON LN MKT OFFSHORE-SUBPART F 0 470,447 470,447
    HAMILTON LN/STAR MTN-DISTRB 1,456,973 0 0
    TOURS, EDUC PROGRAMS 551,469   551,469
    TRAVEL EXP REIMB FOR RETREATS 97,314   97,314
    GIFT SHOP & CAFE SALES 0 0 0
    ROYALTIES 1,287 1,287 1,287
    DEFERRED EXCISE TAX BENEFIT 2,313,070   0


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE ANNENBERG FOUNDATION TRUST AT
     
    SUNNYLANDS
    EIN:
    25-6774871
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED TAX LIABILITY 2,356,573 43,502
    ADMIN SVS AGRMT LIAB 90,489 77,450


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE ANNENBERG FOUNDATION TRUST AT
     
    SUNNYLANDS
    EIN:
    25-6774871
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT 1,363,418 1,363,418 1,363,418 0
    IT & SECURITY CONSULTANTS 293,802 0 0 293,802
    CONSULTANTS/PRGM MGMT SVCS 330,850 0 0 330,850


    TY 2021 SalesOfInventoryList 
    Name:
    THE ANNENBERG FOUNDATION TRUST AT
     
    SUNNYLANDS
    EIN:
    25-6774871

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
    CAFE SALES 224,718 127,234 97,484
    GIFT STORE SALES 329,670 141,694 187,976

    TY 2021 TaxesSchedule
    Name:
    THE ANNENBERG FOUNDATION TRUST AT
     
    SUNNYLANDS
    EIN:
    25-6774871
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 21,639 21,639 21,639 0
    SALES AND USE TAX 780 0 0 1,287
    CEMETERY ENDOWMENT TAX 800 0 0 0
    PERSONAL PROPERTY TAXES 425 0 0 425
    REAL ESTATE TAXES 408,781 0 0 408,781
    OTHER TAXES 1,811 0 0 1,811
    NET INV INCOME EXCISE TAX 1,520,669 0 0 1,525,791
    UNRELATED BUSINESS INCOME TAX 2,927 0 2,927 0