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 10-01-2021 , and ending 09-30-2022
Name of foundation
The Herb Block Foundation
 
% THE HERB BLOCK FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)1730 RHODE ISLAND AVE NW Suite 507
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20036
A Employer identification number

26-0008276
B Telephone number (see instructions)

(202) 223-8801
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$42,182,161J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 151 151  
4 Dividends and interest from securities... 955,609 955,609  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,646,135
b Gross sales price for all assets on line 6a 4,500,000
7 Capital gain net income (from Part IV, line 2)... 2,646,135
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 10,095    
12 Total. Add lines 1 through 11........ 3,611,990 3,601,895  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 271,573     271,573
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 28,937     28,937
16a Legal fees (attach schedule)......... Click to see attachment 4,283 0 0 4,283
b Accounting fees (attach schedule)....... Click to see attachment 18,327 8,250 0 10,077
c Other professional fees (attach schedule).... Click to see attachment 299,059 211,389   87,670
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 73,135     73,135
19 Depreciation (attach schedule) and depletion... Click to see attachment 78,301    
20 Occupancy.............. 109,099     109,099
21 Travel, conferences, and meetings....... 7,413     7,413
22 Printing and publications.......... 14,775     14,775
23 Other expenses (attach schedule)....... Click to see list of attachments 694,326 741   693,585
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,599,228 220,380 0 1,300,547
25 Contributions, gifts, grants paid....... 1,818,000 1,818,000
26 Total expenses and disbursements. Add lines 24 and 25 3,417,228 220,380 0 3,118,547
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 194,762
b Net investment income (if negative, enter -0-) 3,381,515
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 24,124 0 0
2 Savings and temporary cash investments......... 663,103 131,330 131,330
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 54,620,995 Click to see attachment41,326,717 41,326,717
14 Land, buildings, and equipment: basis bullet580,309
Less: accumulated depreciation (attach schedule) bullet406,960 179,163 Click to see attachment173,349 173,349
15 Other assets (describe bullet) Click to see attachment617,855 Click to see attachment550,765 Click to see attachment550,765
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 56,105,240 42,182,161 42,182,161
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment180 Click to see attachment372,470
23 Total liabilities (add lines 17 through 22)......... 180 372,470
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........... 56,105,060 41,809,691
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)..... 56,105,060 41,809,691
30 Total liabilities and net assets/fund balances (see instructions). 56,105,240 42,182,161
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
56,105,060
2
Enter amount from Part I, line 27a .....................
2
194,762
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
-14,490,131
4
Add lines 1, 2, and 3 ..........................
4
41,809,691
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
41,809,691
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 1607 CAPITAL DOMESTIC EQUITY FUND      
b 1607 CAPITAL PARTNERS INTERNATIONAL EQUITY      
c FORESTER      
d ORBIS      
e STATE STREET      
METIS      
VULCAN      
(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 616,879   250,000 366,879
b 500,000   151,715 348,285
c 1,250,000   782,307 467,693
d 500,000   401,280 98,720
e 2,000,000   492,380 1,507,620
1,143     1,143
    344,301 -344,301
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       366,879
b       348,285
c       467,693
d       98,720
e       1,507,620
      1,143
      -344,301
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 2,646,135
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 47,003
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 47,003
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 40,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 60,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 12,997
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet12,997 RefundedBullet 11  
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? Click to see attachment....................
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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 changesClick to see attachment....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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.Click to see attachment
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)
    bullet
    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
     
    No
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletHERBBLOCKFOUNDATION.ORG
    14
    The books are in care ofbulletTHE HERB BLOCK FOUNDATION Telephone no.bullet (202) 223-8801

    Located atbullet1730 RHODE ISLAND AVENUE NW SUITEWASHINGTONDC ZIP+4bullet20036
    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)
    Yes
     
    (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
     
    No
    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
     
     
    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
    ROBIN MESZOLY TREASURER
    1.0     		0 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    MARCELA BRANE PRESIDENT
    40.0     		139,369 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    SARAH ALEX EXEC DIRECTOR
    40.0     		132,204 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    ATHELIA KNIGHT DIRECTOR
    1.0     		0 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    JANE ASHER DIRECTOR
    0.5     		0 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    JILL STANLEY CHAIRMAN OF THE BOARD
    1.0     		0 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    DONNA MCNULTY DIRECTOR
    0.5     		0 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    MATTHEW WUERKER DIRECTOR
    1.0     		0 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    CAROLINE LACEY SECRETARY
    1.0     		0 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    CLARENCE PAGE DIRECTOR
    0.5     		0 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    LAURA HUTCHISON DIRECTOR
    0.5     		0 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    LYNDA BONIESKIE DIRECTOR
    0.5     		0 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    DANA PRIEST DIRECTOR
    0.5     		0 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    PAUL DELANEY DIRECTOR
    0.5     		0 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    LAURIE STRAYER DIRECTOR
    0.5     		0 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    ROB ROGERS DIRECTOR
    0.5     		0 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    RUTH MARCUS DIRECTOR
    0.5     		0 0 0
    1730 RHODE ISLAND AVE NW
    WASHINGTON,DC20036
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    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
    CAMBRIDGE ASSOCIATES LLC INVESTMENT MGR 105,500
    PO BOX 83232
    CHICAGO,IL606910232
    INTERNATIONAL SCHOLARSHIP PROCESS SCHOLARSHIPS 536,180
    1321 MURFREESBORO DR 800
    NASHVILLE,TN37217
    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)
    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
    49,273,081
    b
    Average of monthly cash balances.......................
    1b
    637,003
    c
    Fair market value of all other assets (see instructions)................
    1c
    721,008
    d
    Total (add lines 1a, b, and c).........................
    1d
    50,631,092
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    50,631,092
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    759,466
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    49,871,626
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,493,581
    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
    2,493,581
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    47,003
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    47,003
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,446,578
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,446,578
    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
    2,446,578
    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 2,446,578
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:2019, 2018, 2017  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 774,993
    b From 2017...... 319,206
    c From 2018...... 501,892
    d From 2019...... 518,217
    e From 2020...... 438,223
    f Total of lines 3a through e ........ 2,552,531
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,118,547
    a Applied to 2020, but not more than line 2a 0
    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..... 2,446,578
    e Remaining amount distributed out of corpus 671,969
    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 3,224,500
    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 .............     		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) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		774,993
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		2,449,507
    10 Analysis of line 9:
    a Excess from 2017.... 319,206
    b Excess from 2018.... 501,892
    c Excess from 2019.... 518,217
    d Excess from 2020.... 438,223
    e Excess from 2021.... 671,969
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Marcela Brane
    1730 Rhode Island Ave NW STE 507
    Washington,DC20036
    (202) 223-8801
    bThe form in which applications should be submitted and information and materials they should include:
    Letter of Inquiry - Includes statement of issues to be addressed, summary of activities for which requesting support, population targeted, planned start date and duration, funding needed, copy of IRS 501(c)(3) letter, organization's budget and audited financials Full Proposal - Uses the Washington Regional Association of Grantmakers Common Grant Application
    cAny submission deadlines:
    Various depending on the program
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    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
    See Statement
    See Statement
    See Statement,DC20036     		None   General Support 1,818,000
    Total .................................bullet 3a 1,818,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,646,135  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aROYALTIES     		        20
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   3,601,895 10,095
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,611,990
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    The Herb Block Foundation
    EIN:
    26-0008276
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 18,327 8,250   10,077

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

    TY 2021 AmortizationSchedule
    Name:
    The Herb Block Foundation
    EIN:
    26-0008276
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    VIDEO 2009-10-01 198,705 198,705 10.0       198,705
    WEBSITE 2010-10-14 35,800 35,800 5.0       35,800
    DOCUMENTARY FILM 2013-04-23 1,000,000 420,833 20.0 50,000     470,833
    DVD PROD-EXHIBITS 2013-04-02 221,649 188,402 10.0 22,165     210,567
    WEBSITE REFRESH 2016-11-01 19,250 18,929 5.0 321     19,250

    TY 2021 ContractorCompensationExpln
    Name:
    The Herb Block Foundation
    EIN:
    26-0008276
    Contractor Explanation
    CAMBRIDGE ASSOCIATES LLC INVESTMENT MANAGER
    INTERNATIONAL SCHOLARSHIP PROCESS SCHOLARSHIPS - ABOVE AMOUNT INCLUDES SCHOLARSHIP FUNDS

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

    TY 2021 DepreciationSchedule
    Name:
    The Herb Block Foundation
    EIN:
    26-0008276
    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
    FURNITURE & FIXTS 2002-01-04 6,387 6,387 SL 7        
    CONDOMINIUM 2003-09-30 154,687 154,687 SL 40        
    FURNITURE & FIXTS 2003-10-01 38,992 38,992 SL 7        
    CONDO-TRANE RTU 2007-03-12 9,602 9,602 SL 10        
    TRAV EXHIBIT SET 1 2009-10-01 46,638 46,638 SL 3        
    TRAV EXHIBIT 2-4 2010-08-01 76,708 76,708 SL 3        
    TRAV EXHIBIT SET 5 2011-02-15 58,495 58,495 SL 3        
    TV & BLU RAY 2013-01-16 1,001 1,001 SL 7        
    3 COMPUTERS & SFTW 2014-04-15 2,921 2,921 SL 5        
    GIFTS ONLINE SETU 2014-04-01 4,000 4,000 SL 7        
    CONDO-WINDOW 2016-04-19 2,950 801 SL 20 148      
    COMPUTERS 2019-12-28 2,614 915 SL 5 523      
    CONDOMINIUM 2003-09-30 109,313   SL 21 5,144      
    CONDOMINIUM - LAND 2003-09-30 66,000              

    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Herb Block Foundation
    EIN:
    26-0008276
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    1607 CAPITAL INTL EQ   5,196,405 5,196,405
    1607 DOMESTIC EQUITY   3,997,783 3,997,783
    DIMENSION FUNDS   1,809,948 1,809,948
    FORESTER DIV   8,937,465 8,937,465
    GMO CLIMATE CHANGE FUND   1,256,784 1,256,784
    JOHCM FUND   1,550,322 1,550,322
    LAZARD FUND   807,300 807,300
    ORBIS   2,501,741 2,501,741
    PIMCO INCOME INST   1,996,796 1,996,796
    STATE STREET TRUST CO   6,297,673 6,297,673
    VANGUARD   2,192,752 2,192,752
    VULCAN VALUE PTNRS   2,688,182 2,688,182
    METIS GLOBAL PARTNERS   2,093,566 2,093,566

    TY 2021 LandEtcSchedule2
    Name:
    The Herb Block Foundation
    EIN:
    26-0008276
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE & FIXTS 6,387 6,387    
    CONDOMINIUM 154,687 154,687    
    FURNITURE & FIXTS 38,992 38,992    
    CONDO-TRANE RTU 9,602 9,602    
    TRAV EXHIBIT SET 1 46,638 46,638    
    TRAV EXHIBIT 2-4 76,708 76,708    
    VIDEO 198,705 198,705    
    WEBSITE 35,800 35,800    
    TRAV EXHIBIT SET 5 58,495 58,495    
    TV & BLU RAY 1,001 1,001    
    DOCUMENTARY FILM 1,000,000 470,833 529,167  
    DVD PROD-EXHIBITS 221,649 210,567 11,082  
    3 COMPUTERS & SFTW 2,921 2,921    
    GIFTS ONLINE SETU 4,000 4,000    
    CONDO-WINDOW 2,950 949 2,001  
    WEBSITE REFRESH 19,250 19,250    
    COMPUTERS 2,614 1,438 1,176  
    CONDOMINIUM 109,313 5,144 104,169  
    CONDOMINIUM - LAND 66,000   66,000  


    TY 2021 LegalFeesSchedule
    Name:
    The Herb Block Foundation
    EIN:
    26-0008276
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 4,283     4,283


    TY 2021 OtherAssetsSchedule
    Name:
    The Herb Block Foundation
    EIN:
    26-0008276
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT 5,120 10,516 10,516
    DOCUMENTARY FILM, NET 579,167 529,167 529,167
    WEBSITE, NET 321 0 0
    DVD PRODUCTION, NET 33,247 11,082 11,082


    TY 2021 OtherExpensesSchedule
    Name:
    The Herb Block Foundation
    EIN:
    26-0008276
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE AND ADMINISTRATIVE 5,723     5,723
    INSURANCE 14,040     14,040
    AWARDS AND PRIZES 33,810     33,810
    SCHOLARSHIPS 500,000     500,000
    WEBSITE MAINTENANCE 30,918     30,918
    DUES AND SUBSCRIPTIONS 18,041     18,041
    BANK FEE 741 741    
    UTILITIES 4,265     4,265
    POSTAGE AND SHIPPING 4,025     4,025
    TELEPHONE 8,395     8,395
    MEALS AND ENTERTAINMENT 74,368     74,368


    TY 2021 OtherIncomeSchedule2
    Name:
    The Herb Block Foundation
    EIN:
    26-0008276
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CARTOON SALES 10,075    
    Royalties 20    


    TY 2021 OtherIncreasesSchedule
    Name:
    The Herb Block Foundation
    EIN:
    26-0008276
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS -14,490,131


    TY 2021 OtherLiabilitiesSchedule
    Name:
    The Herb Block Foundation
    EIN:
    26-0008276
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARD PAYABLE 180 5,569
    CHECKS WRITTEN IN EXCESS OF CASH BALANCE   366,901


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Herb Block Foundation
    EIN:
    26-0008276
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL FEES 6,276     6,276
    OTHER CONSULTANTS 34,705     34,705
    COMPUTER CONSULTANTS 9,211     9,211
    INVESTMENT MANAGEMENT FEES 211,389 211,389    
    SCHOLARSHIP ADMIN 37,478     37,478


    TY 2021 TaxesSchedule
    Name:
    The Herb Block Foundation
    EIN:
    26-0008276
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 20,725     20,725
    TAXES & LICENSES 816     816
    INCOME TAXES 42,626     42,626
    REAL ESTATE TAX 8,968     8,968