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 11-01-2021 , and ending 10-31-2022
Name of foundation
The Vijay R Sanghvi Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

46-4108329
B Telephone number (see instructions)

(800) 839-1754
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$10,050,089J 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 4,243 4,243  
4 Dividends and interest from securities... 176,790 176,790  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -143,999
b Gross sales price for all assets on line 6a 9,668,209
7 Capital gain net income (from Part IV, line 2)... 0
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 2,889 2,889  
12 Total. Add lines 1 through 11........ 39,923 183,922  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 86,792 86,792    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 33,276 2,276    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 44,919 556   44,363
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 164,987 89,624   44,363
25 Contributions, gifts, grants paid....... 590,500 590,500
26 Total expenses and disbursements. Add lines 24 and 25 755,487 89,624   634,863
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -715,564
b Net investment income (if negative, enter -0-) 94,298
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.............      
2 Savings and temporary cash investments......... 939,550 928,380 928,380
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) 223,576 Click to see attachment184,026 177,426
b Investments—corporate stock (attach schedule)....... 9,812,951 Click to see attachment9,199,525 8,895,726
c Investments—corporate bonds (attach schedule)....... 106,507 Click to see attachment52,200 48,557
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 18,279 Click to see attachment21,168  
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,100,863 10,385,299 10,050,089
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 11,100,863 10,385,299
29 Total net assets or fund balances (see instructions)..... 11,100,863 10,385,299
30 Total liabilities and net assets/fund balances (see instructions). 11,100,863 10,385,299
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
11,100,863
2
Enter amount from Part I, line 27a .....................
2
-715,564
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
10,385,299
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
10,385,299
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
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 9,668,209   9,812,208 -143,999
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -143,999
b
c
d
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 -143,999
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 1,311
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 1,311
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 4,994
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,994
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 3,683
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet3,683 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? ....................
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 changes....
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.
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, OH
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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)
     
    No
    (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
     
     
    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
    Arun Sanghvi Trustee, Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Rupal Sanghvi Trustee, Pres
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Sejal Sanghvi Trustee, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
    Eyink Leahy Group Investment MGMT 86,792
    5905 E Galbraith Rd STE 7000
    CINCINNATI,OH45236
    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
    10,224,948
    b
    Average of monthly cash balances.......................
    1b
    965,599
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,190,547
    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
    11,190,547
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    167,858
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    11,022,689
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    551,134
    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
    551,134
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    1,311
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,311
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    549,823
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    549,823
    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
    549,823
    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 7 549,823
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 580,164
    b Total for prior years:2019, 2018, 2017  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 634,863
    a Applied to 2020, but not more than line 2a 580,164
    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..... 54,699
    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 ..........     		495,124
    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
     
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    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
    13 HANDS EQUINE RESCUE INC
    50 TUSCAN WAY
    CLINTON CORNERS,NY12514     		N/A PC General & Unrestricted 5,000
    AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC
    125 BROAD ST 18TH FLOOR
    NEW YORK,NY10004     		N/A PC Voting Rights Project 5,000
    ANIMAL LEGAL DEFENSE FUND
    525 E COTATI AVE
    COTATI,CA94931     		N/A PC General & Unrestricted 10,000
    BROOKLYN BRIDGE ANIMAL WELFARE COALITION INC
    PO BOX 22948
    BROOKLYN,NY11202     		N/A PC Brooklyn Cat Cafe 50,000
    CALIFORNIA INSTITUTE OF INTEGRAL STUDIES
    1453 MISSION ST
    SAN FRANCISCO,CA94103     		N/A PC To attract and retain faculty in the Masters in Counseling Psychology with a concentration in Integral Counseling Psychology (ICP) 250,000
    CATSKILL ANIMAL SANCTUARY INC
    316 OLD STAGE RD
    SAUGERTIES,NY12477     		N/A PC General & Unrestricted 10,000
    CHIMP HAVEN INC
    13600 CHIMPANZEE PL
    KEITHVILLE,LA71047     		N/A PC General & Unrestricted 10,000
    FARM SANCTUARY INC
    PO BOX 150
    WATKINS GLEN,NY14891     		N/A PC General & Unrestricted 25,000
    FOOD BANK FOR NEW YORK CITY
    39 BROADWAY 10TH FL
    NEW YORK,NY10006     		N/A PC General & Unrestricted 5,000
    FREESTORE-FOODBANK INC
    1141 CENTRAL PKWY
    CINCINNATI,OH45202     		N/A PC General & Unrestricted 5,000
    FRONT RANGE EQUINE RESCUE
    2185 NW 114TH LOOP
    OCALA,FL34475     		N/A PC General & Unrestricted 5,000
    HOPEKIDS INC
    PO BOX 28471
    SCOTTSDALE,AZ85255     		N/A PC General & Unrestricted 1,000
    HUMANE FARMING ASSOCIATION
    PO BOX 3577
    SAN RAFAEL,CA94912     		N/A PC General & Unrestricted 5,000
    INTERNATIONAL FUND FOR ANIMAL WELFARE INC
    290 SUMMER ST
    YARMOUTH PORT,MA02675     		N/A PC General & Unrestricted 4,000
    MAYORS ALLIANCE FOR NYCS ANIMALS INC
    244 FIFTH AVE SUITE R290
    NEW YORK,NY10001     		N/A PC General & Unrestricted 10,000
    NYU LANGONE MEDICAL CENTER
    ONE PARK AVE 17TH FLOOR
    NEW YORK,NY10016     		N/A PC Dr. Schnabel's Digging Deeper Breast Cancer Research Fund NYU Perlmutter Cancer Center 40,000
    NYU LANGONE MEDICAL CENTER
    ONE PARK AVE 17TH FLOOR
    NEW YORK,NY10016     		N/A PC The NYU Perlmutter Cancer Center's Beatrice W. Welters Breast Health Outreach & Navigation Program 40,000
    THE ELEPHANT SANCTUARY IN TENNESSEE
    PO BOX 393
    HOHENWALD,TN38462     		N/A PC General & Unrestricted 10,000
    THE NEW YORK COMMUNITY TRUST
    909 3RD AVE 22ND FL
    NEW YORK,NY10022     		N/A PC Gabrielle's Wings Fund in the Westchester Community Foundation 5,000
    UNITED ANIMAL NATIONS
    PO BOX 188890
    SACRAMENTO,CA95818     		N/A PC RedRover fund 13,500
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION
    PO BOX 45339
    San Francisco,CA94145     		N/A PC For the research of Dr. Rita Mukhtar 41,000
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION
    PO BOX 45339
    San Francisco,CA94145     		N/A PC For the research of Dr. Jo Chien 41,000
    Total .................................bullet 3a 590,500
    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 ...........     		    14 4,243  
    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 -143,999  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		    14 2,889  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   39,923  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    39,923
    (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

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

    TY 2021 DepreciationSchedule
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    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

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC NOTE CALL - 2.850% 3,080 2,965
    AMAZON COM - 1.000% - 05/12/20 2,889 2,625
    BAT CAP CORP - 3.222% - 08/15/ 3,112 2,867
    CITIGROUP INC NOTE - 0.981% - 5,848 5,550
    CITIGROUP INC NOTE CALL MAKE W 3,899 3,653
    COMCAST CORP - 3.700% - 04/15/ 6,457 5,888
    DOWDUPONT - 4.205% - 11/15/202 6,432 5,935
    FISERV INC - 2.750% - 07/01/20 3,177 2,867
    GOLDMAN SACHS GROUP INC - 3.62 6,336 5,986
    MORGAN STANLEY MTN - 1.164% - 6,825 6,342
    ORACLE CORP - 3.400% - 07/08/2 4,145 3,879

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    Name of Stock End of Year Book Value End of Year Fair Market Value
    10X GENOMICS CLASS A 23,600 4,458
    3M CO 14,245 9,812
    ABBOTT LABS 23,636 21,371
    ABBVIE INC 67,973 67,198
    ACADIA PHARMACEUTICALS INC 3,035 2,517
    ACCENTURE PLC 96,514 98,513
    ACCO BRANDS CORPORATION 2,126 1,132
    ADOBE SYSTEMS, INC 9,195 5,733
    ADVANCE AUTO PARTS INC 7,299 5,888
    AFFIRM HOLDINGS INC CL A 4,942 4,435
    AGILENT TECHNOLOGIES INC 25,603 24,626
    AGILITI ORD SHS 4,546 3,931
    AGILON HEALTH INC 13,263 11,195
    AIR LEASE CORP 2,804 2,470
    AIR PRODS & CHEM INC 32,312 30,048
    ALAMO GP INC 3,069 3,042
    ALCON INC 9,727 7,706
    ALNYLAM PHARMACEUTICALS, INC 817 1,244
    ALTO INGREDIENTS INC 704 479
    AMAZON COM 47,762 30,937
    AMEREN CORPORATION 20,510 19,320
    AMERESCO INC CL A 8,302 5,988
    AMERICAN CAPITAL AGENCY CORP 3,144 2,293
    AMERICAN ELECTRIC POWER INC 21,825 20,222
    AMERICAN EXPRESS CO 53,036 49,582
    AMERICAN TOWER REIT INC 33,642 26,313
    AON PLC CL A 51,956 65,024
    API GROUP CORPORATION 4,624 3,727
    APOLLO COMMERCIAL REAL ESTATE 2,229 1,802
    APPLE INC 172,051 164,841
    APTIV PLC 8,385 5,100
    ASML HOLDING NV NY REG SHS 32,431 22,676
    ASSOCIATED BANC-CORP 2,848 3,336
    ASTRAZENECA 18,905 16,996
    AT&T, INC 20,692 17,975
    ATKORE INTERNATIONAL GROUP INC 3,419 4,003
    ATLASSIAN CORP CL A 8,264 5,676
    AURORA INNOVATION CL A 2,827 925
    AUTOMATIC DATA PROCESSING INC 13,290 14,019
    AVIENT 10,482 7,691
    AXOS FINANCIAL INC 5,562 4,441
    AZENTA INC 3,650 2,930
    BABCOCK & WILCOX ENTERPRISES I 1,244 739
    BAKER HUGHES COMPANY 4,295 4,066
    BALL CP 25,044 13,730
    BAXTER INTERNATIONAL INC 37,646 32,338
    BECTON DICKINSON & CO 36,994 35,160
    BELDEN INC 3,856 5,153
    BERKSHIRE HATHAWAY INC. CLASS 13,679 15,640
    BERRY PETROLEUM CO A 958 1,339
    BILL COM HOLDINGS 36,174 21,604
    BLACKROCK ALLOC TGT SER S PORT 79,275 74,178
    BLACKROCK INC 20,979 21,315
    BLOCK INC 17,241 6,307
    BOSTON SCIENTIFIC 18,916 18,968
    BRISTOL-MYERS SQUIBB CO 16,708 17,353
    BROADCOM INC 47,051 38,080
    BROADRIDGE FINANCIAL 14,578 12,755
    CALLON PETROLEUM CO 2,201 1,934
    CANADA GOOSE HOLDINGS INC 2,373 1,456
    CANADIAN NATL RAILWAY CO 2,756 2,724
    CARVANA CO. 8,347 2,084
    CASELLA WASTE SYSTEMS INC 12,041 12,681
    CBIZ, INC 2,726 4,120
    CELLNEX TELECOM ADR 2,317 1,676
    CENTRAL GARDEN & PET CO 2,411 2,352
    CENTRAL GARDEN AND PET CO - A 3,706 3,092
    CHARLES SCHWAB CORP 62,397 70,269
    CHEGG INC 12,063 7,506
    CHEVRON CORP 33,930 36,723
    CHEWY INC 13,712 11,309
    CHORD ENERGY CORP 3,009 3,980
    CHUBB LIMITED 73,115 95,841
    CI AND T INC 5,163 2,583
    CIGNA CORPORATION 29,193 43,613
    CISCO SYSTEMS INC 27,298 25,350
    CLOUDFLARE, INC. 35,942 26,245
    CME GROUP, INC 24,543 18,716
    CNO FINANCIAL GROUP INC 708 640
    COINBASE GLOBAL 7,912 9,408
    COLGATE-PALMOLIVE COMPANY 14,298 13,587
    COLUMBUS MCKINNON CORPORATION 2,948 1,825
    COMCAST CORP 73,736 55,323
    CONCENTRIX CORP 1,220 1,222
    CONOCOPHILLIPS 12,973 33,918
    CONSTELLATION BRANDS INC 39,756 42,004
    CORE LABORATORIES 11,048 7,745
    COSTCO WHOLESALE CORPORATION 9,722 10,030
    COUPANG ORD SHS CL A 8,940 10,379
    CSW INDUSTRIALS INC 7,883 7,477
    CUMMINS INC 31,292 35,698
    CUSTOM TRUCKS ONE 2,528 2,079
    CVB FINANCIAL CORPORATION 1,109 1,436
    DAIICHI SANKYO CO LTD SPONSORE 3,834 4,768
    DALLAS NEWS CORP 289 221
    DANAHER CORP 59,915 49,579
    DATADOG INC 25,264 17,873
    DEERE CO 12,003 13,854
    DEFINITIVE HEALTHCARE ORD SHS 6,099 4,340
    DELTA AIR LINES INC 31,455 24,226
    DELTA APPAREL INC 1,301 650
    DENNYS CORPORATION 4,905 3,399
    DEVON ENERGY CORPORATION 7,040 24,829
    DEXCOM, INC 10,563 11,595
    DIAGEO PLC ADS 13,635 15,361
    DINEEQUITY INC 5,307 4,614
    DIVERSEY HOLDINGS ORD SHS 1,007 686
    DOLLAR GENERAL CORP 29,910 35,197
    DOMINION ENERGY INC 18,253 16,513
    DOORDASH ORD SHS CLASS A 54,913 13,930
    DOUGLAS DYNAMICS INC 5,052 4,312
    DOXIMITY ORD SHS CLASS A 13,013 5,426
    DRIL QUIP INC 5,213 3,981
    DTE ENERGY CO COM 15,957 15,023
    DU PONT DE NEMOURS 22,374 16,359
    DUKE ENERGY CO 49,640 47,615
    E20PEN PARENT HOLDINGS 1,370 933
    EAGLE MATERIALS INC 10,533 9,173
    EATON CORP PLC 53,794 56,126
    EBIX INC 3,911 1,484
    ECOVYST ORD SHS 2,449 2,547
    ELEMENT SOLUTIONS INC 926 843
    ELEVANCE HEALTH INC 62,705 74,907
    ELI LILLY & CO 16,305 22,450
    ELME COMMUNITIES 2,114 1,890
    EMERSON ELECTRIC CO 15,805 14,982
    ENNIS BUSINESS FORMS 1,736 1,850
    ENOVIS CORPORATION 346 346
    ENSTAR GROUP INC 5,019 4,211
    EOG RESOURCES INC 20,532 30,171
    EPIROC AB 3,817 2,880
    EQUINIX, INC 11,648 9,063
    EQUITY RESIDENTIAL PPTYS TR 31,594 22,813
    EURONET WORLDWIDE INC 913 840
    EXXON MOBIL CORP 54,078 88,980
    FIDELITY NATIONAL INFORMATION 44,810 37,263
    FIFTH THIRD BANCORP 14,184 15,097
    FIRST HAWAIIAN INC 2,051 1,893
    FIRST TRUST NASDAQ CYBERSECURI 208,280 224,483
    FIRSTSERVICE CORP 14,174 13,126
    FORUM ENERGY TECHNOLOGIES INC 166 317
    FRANCHISE GROUP ORD SHS 2,645 1,851
    FRANKLIN ELECTRIC CO., INC 9,233 9,259
    FREEPORT-MCMORAN COPPER & GOLD 20,308 19,331
    GEN DYNAMICS CP 22,489 24,231
    GENENTECH INC COM NEW 8,658 2,408
    GENERAL ELECTRIC CO 49,659 41,239
    GITLAB INC 7,937 6,397
    GLAUKOS CORP 7,272 7,682
    GLOBAL X COPPER MINERS 104,273 111,096
    GLOBAL X LITHIUM ETF 104,165 101,366
    GLOBAL-E ONLINE LTD 2,613 1,998
    GLOBANT SA 10,858 9,434
    GOOSEHEAD INSURANCE INC 2,504 789
    GRAB HOLDINGS 15,971 5,634
    GRAINGER W W INC 9,062 10,518
    GRID DYNAMICS HOLDINGS 3,957 2,790
    GRIFFON CORP 3,341 4,018
    GUARDANT HEALTH INC 9,911 4,208
    GXO LOGISTICS 3,443 2,119
    HAMILTON LANE INC 11,584 6,461
    HANCOCK WHITNEY CORPORATION 2,982 3,799
    HANOVER INS GROUP 4,889 5,127
    HARSCO CORP 1,283 402
    HAWAIIAN ELEC INDS 2,708 2,358
    HELEN OF TROY LIMITED 7,809 3,501
    HEXAGON 2,199 1,473
    HILLENBRAND, INC 1,773 1,856
    HILLMAN SOLUTIONS ORD SHS 3,994 2,804
    HILTON WORLDWIDE HOLDINGS, INC 28,583 27,999
    HOLLEY ORD SHS 4,626 1,536
    HOME DEPOT INC 29,162 23,394
    HONEYWELL INTL 84,786 95,889
    ILLINOIS TOOL WORKS 39,192 44,414
    ILLUMINA INC COM 11,921 10,755
    IMPINJ INC 4,868 6,534
    INDUSTRIA DE DISENO 1,623 1,771
    INFINEON TECH ADS 4,504 3,648
    INNOSPEC INC 11,134 11,499
    INOGEN INC 3,710 2,878
    INSPIRE MEDICAL SYSTEMS 3,138 3,119
    INT'L FLAVORS & FRAGRANCES INC 26,289 19,522
    INTEL CORP 6,957 3,866
    INTELLIA THERAPEUTICS INC 2,277 1,953
    INTESA SANPAOLO SPA 4,918 4,542
    INTUITIVE SURGICAL 11,006 9,119
    INVESTOOLS INC 648 765
    ISHARES BARCLAYS TIPS BOND FUN 16,003 13,478
    ISHARES DOW JONES US CONSUMER 228,225 219,993
    ISHARES PHLX SEMICONDUCTOR ETF 213,076 206,209
    ISHARES US AEROSPACE AND DEFEN 104,220 119,861
    J & J SNACK FOODS CORP 10,250 9,595
    JACK IN THE BOX INC 5,340 4,676
    JACKSON FINANCIAL INC 2,967 2,954
    JANUS INTERNATIONAL GROUP INC 2,359 1,512
    JELD WEN HOLDING INC 1,108 467
    JOHNSON & JOHNSON 56,117 56,018
    JOHNSON CONTROLS INTERNATIONAL 19,447 21,574
    JP MORGAN CHASE 173,334 165,029
    KADANT INC 3,671 3,737
    KERING UNSPON ADR EA REPR 0.1 4,381 4,036
    KEURIG DR PEPPER INC 13,938 15,186
    KKR & CO INC 19,192 14,103
    KLA TENCOR CORP 31,722 28,164
    KONINKLIJKE DSM NV ADR 7,610 5,312
    KORN FERRY INTL 4,405 3,725
    KRATOS DEFENSE & SECURITY SOLU 3,783 1,629
    KYNDRYL HOLDINGS INC 2,848 2,166
    L'AIR LIQUIDE ADR OTC 6,229 5,123
    LIBERTY OILFIELD SVCS INC COM 1,398 1,742
    LINDE PLC COM 59,767 57,389
    LONZA GROUP AG UNSP/ADR 3,245 3,397
    LOWES COMPANIES INC 55,112 57,705
    M&T BANK CORP 14,605 14,817
    MADDEN STEVEN LTD 2,020 1,464
    MAGNOLIA OIL + GAS CORPORATION 2,766 4,494
    MARRIOTT INTERNATIONAL INC. CL 16,689 16,972
    MARSH AND MCLENNAN COMPANIES I 82,012 93,180
    MASTERCARD INC 34,054 32,490
    MATIV HOLDINGS ORD SHS 8,837 5,460
    MATTHEWS INTERNATIONAL CORPORA 426 323
    MAXIMUS INC 3,229 2,343
    MAYVILLE ENGINEERING COMPANY O 1,717 791
    MCDONALD'S CORP 54,706 60,803
    MCKESSON CORP 14,148 29,981
    MEDTRONIC PLC 24,227 20,700
    MERCADOLIBRE, INC 15,280 11,721
    MERCK & CO INC 47,035 60,416
    META PLATFORMS INC 21,456 6,242
    METLIFE INC 16,902 20,133
    MICROSOFT CORP 249,368 195,453
    MIDCAP FINANCIAL INVESTMENT CO 1,794 1,480
    MINERAL TECH INC 924 715
    MODERNA, INC 2,038 1,654
    MONDELEZ INTERNATIONAL INC 74,776 71,440
    MONSTER BEVERAGE CORP 8,202 8,997
    MONTROSE ENVIRONMENTAL GRP ORD 15,539 12,521
    MORGAN STANLEY 61,506 59,327
    MOTOROLA SOLUTIONS INC 36,587 42,700
    MTU AERO ENGINES 2,887 2,514
    MUELLER IND INC 9,518 13,530
    MYERS INDS INC 2,162 2,232
    MYT NETHERLANDS PARENT BV ADS 4,308 1,623
    NASDAQ OMX GROUP 11,055 18,485
    NATERA INC 4,242 2,348
    NATIONAL WESTERN LIFE INSURANC 1,164 990
    NESTLE S.A 27,709 24,895
    NETFLIX INC 16,945 11,383
    NEVRO CORP 13,100 4,524
    NEW MARKET CORP 5,244 4,869
    NEW MOUNTAIN FINANCE 1,978 2,053
    NEW YORK MORTGAGE TRUST INC 2,817 1,980
    NEWMONT GOLDCORP CORPORATION 23,704 18,578
    NEXTERA ENERGY, INC 88,883 87,188
    NIKE INC-CL B 29,496 20,112
    NOMAD FOODS LIMITED 6,368 3,465
    NORDIC AMERICAN TANKER SHIPPIN 932 915
    NORTHERN OIL & GAS, INC 1,119 1,775
    NORTHROP GRUMMAN CORP 33,544 56,548
    NOVANTA INC 4,724 4,525
    NOVO NORDISK A S 5,002 5,551
    NVIDIA CORP 22,797 11,742
    NXP SEMICONDUCTORS 26,486 20,159
    OLD DOMINION FREIGHT LINE 8,483 9,336
    OLLIES BARGAIN OUTLET HOLDINGS 3,511 2,520
    OWENS AND MINOR INC 3,850 1,870
    PACKAGING CORP AMER 20,381 15,748
    PALO ALTO NETWORKS INC 15,915 15,958
    PARKER HANNIFIN CP 17,062 19,472
    PARSONS ORD SHS 1,978 2,578
    PATTERSON COMPANIES INC COM 2,509 2,104
    PATTERSON-UTI ENERGY INC 2,977 5,648
    PAYPAL HOLDINGS, INC 14,423 8,107
    PELOTON INTERACTIVE, INC 5,583 2,024
    PEPSICO INC 66,622 73,177
    PERRIGO CO PLC 2,264 1,974
    PETLQ INC 3,062 715
    PFIZER INC 55,004 54,184
    PHILIP MORRIS INTL 44,569 40,322
    PHILLIPS 66 24,388 27,115
    PIONEER NAT RES CO 25,287 33,333
    PLANET FITNESS INC 7,655 6,090
    PNC FINANCIAL GROUP INC 39,222 43,047
    PPG INDUSTRIES INC 22,998 17,584
    PREMIER INC 1,384 1,395
    PRESTIGE BRAND HLGS 2,882 2,778
    PRIMO WATER CORPORATION 3,320 3,049
    PROASSURANCE CORP 2,432 1,999
    PROCTER GAMBLE CO 31,122 28,819
    PROGRESSIVE CORP OHIO 37,876 49,306
    PROGYNY ORD SHS 3,881 3,913
    PROLOGIS 35,901 35,994
    PRUDENTIAL PLC SC 1,642 1,542
    QUANEX CORP 4,554 4,188
    RAPID7 INCORPORATED 3,411 2,173
    RAYTHEON TECHNOLOGIES CORP 34,021 36,506
    RECRUIT HOLDINGS CO 8,030 4,892
    REGIONS FINANCIAL CORP 13,657 14,399
    RENASANT CORPORATION 2,731 3,068
    RIO TINTO PLC SPONSORED ADR 26,102 18,886
    RIVIAN AUTOMOTIVE INC CL A 6,119 1,923
    ROBLOX ORD SHS CLASS A 32,001 22,325
    ROCHE HOLDING LTD ADR 7,841 6,945
    ROPER INDUSTRIES 34,981 31,505
    ROSS STORES, INC 25,381 24,305
    ROYALTY PHARMA CL A 27,447 27,000
    RPM INTERNATIONAL INC 13,230 13,051
    S&P GLOBAL INC COM 30,307 23,451
    SALESFORCE.COM 14,813 10,568
    SEA LTD 17,817 6,657
    SEACOAST BANKING CORPORATION O 6,916 5,562
    SEMPRA ENERGY COM 17,854 16,754
    SHERWIN-WILLIAMS CO 41,374 32,629
    SHOPIFY INC 53,360 21,291
    SILGAN HOLDINGS, INC 4,568 5,446
    SIMPSON MANUFACTURING CO INC 4,163 3,419
    SITEONE LANDSCAPE SUPPLY INC 14,970 8,922
    SNOWFLAKE INC 43,667 26,930
    SONY GROUP CORP 9,379 6,072
    SOUTH STATE CORPORATION 3,005 3,888
    SOUTHERN CO 23,168 26,978
    SOUTHWESTERN ENERGY CO 3,127 4,338
    SPDR S&P KENSHO CLEAN POWER ET 104,264 101,688
    SPDR S&P SEMICONDUCTOR 208,517 210,219
    SPECTRUM BRANDS HOLDINGS INC 11,005 5,629
    SPLUNK INC 7,854 5,485
    SPS COMMERCE, INC 17,375 14,297
    STANDARD CHARTERED 3,499 2,873
    STANLEY BLACK & DECKER INC 15,935 7,535
    STEPSTONE GROUP ORD SHS CLASS 12,980 8,531
    STEWART INFORMATION SVCS CORP 5,254 3,273
    STRYKER CORPORATION 35,782 34,386
    SUNCOR ENERGY INC 3,588 3,749
    SYNCHRONOSS TECHNOLOGIES, INC 648 301
    TARGET CORPORATION 15,758 15,604
    TE CONNECTIVITY LTD 14,455 11,612
    TECHTARGET 2,021 1,614
    TENCENT HOLDINGS LIMITED 6,339 3,863
    TEXAS INSTRUMENTS INC 82,072 86,258
    THE COCA-COLA CO 25,790 25,676
    THE MOSAIC CO 21,820 20,963
    THE TRADE DESK INC 36,070 24,384
    THERMO FISHER SCIENTIFIC INC 95,402 85,833
    THRYV HOLDINGS 1,758 1,289
    TJX COMPANIES INC 26,549 33,671
    TOOTSIE ROLL INDS INC 1,424 1,858
    TRACTOR SUPPLY CO COM 6,615 6,593
    TRANE TECHNOLOGIES PLC 36,068 43,100
    TRANSCAT INC 5,957 5,545
    TREE.COM, INC 1,454 353
    TRIMAS CORPORATION 4,259 3,085
    TRUIST FINANCIAL CORPORATION 23,697 18,140
    TUPPERWARE CORP 2,945 1,136
    TWO HARBORS INVESTMENT CORP 5,127 2,933
    U.S. PHYSICAL THERAPY INC 3,798 3,019
    UBER 32,158 28,616
    ULTRAGENYX PHARMACEUTICAL INC 3,637 2,306
    UMB FINANCIAL CORPORATION 8,546 7,823
    UNICREDIT SPA 2,874 3,333
    UNION PACIFIC 77,756 74,913
    UNITED CONTINENTAL HOLDINGS IN 19,305 17,275
    UNITED PARCEL SERVICE 23,793 19,629
    UNITEDHEALTH GROUP INC 132,251 154,332
    UNITY SOFTWARE INC 10,177 2,124
    UNIVERSAL FOREST PRODUCTS, INC 3,074 2,707
    UPSTART HOLDINGS ORD SHS 5,951 1,344
    US BANCORP 15,169 10,952
    VANGUARD ENERGY ETF 319,110 534,421
    VANGUARD FIN ETF 252,612 229,636
    VANGUARD HEALTH CARE ETF 216,838 225,289
    VAREX IMAGING CORPORATION 2,793 2,454
    VERIZON COMMUNICATIONS 11,478 8,408
    VERTEX ORD SHS CLASS A 5,667 5,280
    VESTAS WIND SYS UNSP/ADR 3,191 2,178
    VIAD CORP 3,275 2,833
    VISA INC 65,928 63,805
    WAL-MART STORES INC 62,536 60,775
    WALT DISNEY HOLDINGS CO 17,872 12,465
    WASTE CONNECTIONS 24,300 24,667
    WAYFAIR INC 26,434 3,337
    WEC ENERGY GROUP, INC 58,917 52,789
    WELLS FARGO & CO 31,956 29,434
    WERNER ENTERPRISES INC 3,029 2,666
    WESTWOOD HLDGS GRP 838 395
    WINGSTOP INC 1,401 2,217
    WORKDAY INC 9,387 5,921
    XOMETRY INC 2,065 2,462
    YUM BRANDS INC 11,828 10,643
    YUM CHINA HOLDINGS INC 10,378 10,710
    ZIMMER BIOMET HOLDINGS 23,312 22,783
    ZOETIS INC 44,142 31,664
    ZOOMINFO TECHNOLOGIES ORD SHS 14,253 11,756

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    US Government Securities - End of Year Book Value:

    184,026
    US Government Securities - End of Year Fair Market Value:

    177,426
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CAPITAL HOUSING PARTNERS CXII   21,168  

    TY 2021 OtherExpensesSchedule
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 44,070     44,070
    Bank Charges 556 556    
    Postage/Delivery Service 43     43
    State or Local Filing Fees 250     250


    TY 2021 OtherIncomeSchedule2
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss CAPITAL HOUSING PARTNERS CXII 2,889 2,889  


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 86,792 86,792    


    TY 2021 TaxesSchedule
    Name:
    The Vijay R Sanghvi Family Foundation
    EIN:
    46-4108329
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2022 4,200      
    990-PF Extension for 2021 26,800      
    Foreign Tax Paid 2,276 2,276