Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
PETER ALFOND FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4801 HAMPDEN LANE UNIT 106
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BETHESDA, MD20814
A Employer identification number

22-3267949
B Telephone number (see instructions)

(301) 761-4433
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$78,628,308J 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) 75,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 9,253 9,253  
4 Dividends and interest from securities... 1,801,756 2,201,841  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -922,844
b Gross sales price for all assets on line 6a 32,200,637
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
List of Attached Documents:
// Content
0 108,541  
12 Total. Add lines 1 through 11........ 963,165 2,319,635  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 166,543 0   166,543
15 Pension plans, employee benefits....... 27,778 0   27,778
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
5,193 0   5,193
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
12,218 0   10,218
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
561,025 262,889   298,136
17 Interest...............   805    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
35,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 83,884 0   83,884
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
44,616 47,320   40,736
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 936,257 311,014   632,488
25 Contributions, gifts, grants paid....... 4,266,710 4,266,710
26 Total expenses and disbursements. Add lines 24 and 25 5,202,967 311,014   4,899,198
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,239,802
b Net investment income (if negative, enter -0-) 2,008,621
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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............. 700,724 440,519 440,519
2 Savings and temporary cash investments......... 1,532,704 1,413,222 1,413,222
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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 right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 77,280,866 Click to see attachment
List of Attached Documents:
// Content
73,543,458 		76,774,567
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
100,000 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 79,614,294 75,397,199 78,628,308
Liabilities 17 Accounts payable and accrued expenses.......... 3,275 25,982
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 3,275 25,982
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 39,731,246 37,843,640
25 Net assets with donor restrictions............ 39,879,773 37,527,577
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 79,611,019 75,371,217
30 Total liabilities and net assets/fund balances (see instructions). 79,614,294 75,397,199
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
79,611,019
2
Enter amount from Part I, line 27a .....................
2
-4,239,802
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
75,371,217
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
75,371,217
Form 990-PF (2022)
Form 990-PF (2022)
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 SALE OF PUBLICLY TRADED SECURITIES P    
b TILDEN PARK OFFSHORE INVESTMENT FUND LTD CLASS A-2 P    
c CAPITAL GAINS THROUGH AG CS HOLDINGS FUND LP P    
d CAPITAL GAINS DIVIDENDS P    
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 31,486,375   32,873,481 -1,387,106
b 239,620   250,000 -10,380
c       19,091
d 474,642     474,642
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -1,387,106
b       -10,380
c       19,091
d       474,642
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 -903,753
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 (2022)
Form 990-PF (2022)
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 right arrow 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) 1 27,920
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 27,920
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 27,920
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 26,394
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 46,394
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 18,474
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow18,474 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowFL
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 2022 or the taxable year beginning in 2022? 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 (2022)
Form 990-PF (2022)
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 addressright arrowHTTPS://PETERALFONDFOUNDATION.ORG/EN/
14
The books are in care ofright arrowINTENTIONAL PHILANTHROPY LLC Telephone no.right arrow (301) 761-4433

Located atright arrow4801 HAMPDEN LANE UNIT 106BETHESDAMD ZIP+4right arrow20814
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
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)
Yes
 
(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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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)
Yes
 
(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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
REBEKAH ALFOND TRUSTEE
7.00 		0 0 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
KYLE ALFOND TRUSTEE
5.00 		0 0 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
SARAH BENSON RESIGNED 1022 TRUSTEE
1.00 		0 0 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
DEBORAH ALFOND TRUSTEE
1.00 		0 0 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
JAIRO ESTRADA TRUSTEE
7.00 		0 0 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
BARBARA CROWLEY TRUSTEE
3.00 		0 0 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
KEVIN MAHANEY TRUSTEE
2.00 		0 0 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
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
KINYTA SMALLS PR EXECUTIVE DIRECTO
40.00 		96,543 11,272 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
ADAM BURK BEGAN 0522 SENIOR PROGRAM DIREC
40.00 		70,000 2,400 0
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
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
INTENTIONAL PHILANTHROPHY LLC FOUNDATION MANAGEMENT 245,136
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
JP MORGAN CHASE BANK INVESTMENT MGMT FEES 204,005
270 PARK AVE
NEW YORK,NY10017
Total number of others receiving over $50,000 for professional services.............right arrow0
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.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
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
82,874,204
b
Average of monthly cash balances.......................
1b
1,986,879
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
84,861,083
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
84,861,083
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,272,916
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
83,588,167
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,179,408
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
4,179,408
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
27,920
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
27,920
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,151,488
4
Recoveries of amounts treated as qualifying distributions................
4
100,000
5
Add lines 3 and 4............................
5
4,251,488
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
4,251,488
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
4,899,198
b
Program-related investments—total from Part VIII-B..................
1b
0
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
4,899,198
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 4,251,488
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018...... 526,061
c From 2019...... 1,426,745
d From 2020...... 59,569,893
e From 2021......  
f Total of lines 3a through e ........ 61,522,699
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 4,899,198
a Applied to 2021, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 4,251,488
e Remaining amount distributed out of corpus 647,710
5 Excess distributions carryover applied to 2022. 0 0
(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 62,170,409
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		62,170,409
10 Analysis of line 9:
a Excess from 2018.... 526,061
b Excess from 2019.... 1,426,745
c Excess from 2020.... 59,569,893
d Excess from 2021....  
e Excess from 2022.... 647,710
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
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 right arrow
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 (2022)
Form 990-PF (2022)
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

A CLIMATE TO THRIVE

PO BOX 75
MOUNT DESDERT,ME04660 		N/A PC MAINE YOUTH FOR CLIMATE JUSTICE 30,000

AL SOL DE HOY

38 SECT FARALLON
BARRANQUITAS,PR00794 		N/A PC HURRICANE FIONA AID 5,000

APEX YOUTH CONNECTION

PO BOX 783
BIDDEFORD,ME04005 		N/A PC GENERAL OPERATING SUPPORT 30,000

APOYO LEGAL AL EMPRENDIMIENTO COMUNITARIO INC

PO BOX 2000
CAGUAS,PR00726 		N/A PC EL JOSCO BRAVO AGROECOLOGIICAL PROJECT 25,000

APOYO LEGAL AL EMPRENDIMIENTO COMUNITARIO INC

PO BOX 2001
CAGUAS,PR00727 		N/A PC EL JOSCO BRAVO COMPOSTING PROJECT 40,000

APOYO LEGAL AL EMPRENDIMIENTO COMUNITARIO INC

PO BOX 2002
CAGUAS,PR00728 		N/A PC IALA HURRICANE FIONA AID 20,000

APOYO LEGAL AL EMPRENDIMIENTO COMUNITARIO INC

PO BOX 2003
CAGUAS,PR00729 		N/A PC EL JOSCO BRAVO HURRICANE FIONA AID 4,000

APOYO LEGAL AL EMPRENDIMIENTO COMUNITARIO INC

PO BOX 2004
CAGUAS,PR00730 		N/A PC BORICUA HURRICANE FIONA AID 10,000

BANGOR HOUSING DEVELOPMENT CORPORATION

161 DAVIS RD
BANGOR,ME04401 		N/A PC FAMILIES FORWARD 50,000

BEAN COUNTERS LLC

30 CALLE SURF
RINCON,PR00677 		N/A NC FORGOTTEN FOREST PROJECT HURRICANE FIONA AID 18,000

BETH ISRAEL CONGREGATION

PO BOX 244
BATH,ME04530 		N/A PC BUILDING RENOVATIONS 100,000

BOYS AND GIRLS CLUB OF AUGUSTA MAINE

22 ARMORY ST
AUGUSTA,ME04330 		N/A PC AUGUSTA TEEN CENTER 250,000

BOYS AND GIRLS CLUB OF BORDER TOWNS

PO BOX 1459
PRESQUE ISLE,ME04769 		N/A PC SUPPORT OF NATIVE CLUBS 30,000

BOYS AND GIRLS CLUB OF PUERTO RICO

PO BOX 79526
CAROLINA,PR00984 		N/A PC SOCIAL-EMOTIONAL LEARNING PROGRAMS 100,000

CARAS CON CAUSA

CARAS 0433 PR
CATANO,PR009630433 		N/A PC GENERAL OPERATING SUPPORT 150,000

CARAS CON CAUSA

CARAS 0433 PR
CATANO,PR009630434 		N/A PC HURRICANE FIONA AID 10,000

CHABAD LUBAVITCH OF PUERTO RICO INC

PMB 122 5900 ISLA VERDE AVE L-2
CAROLINE,PR00979 		N/A PC HURRICANE FIONA AID 1,000

COOPERATIVA MADRE TIERRA

CALLE FERNANDO CALDER 469B URB
ROOSEVELT
SAN JUAN,PR00919 		N/A NC HURRICANE FIONA AID 5,000

CORP DE SERVICIOS DE SALUD Y DESAROLLO SCOCIOECONOMICO DEL OTOA

PO BOX 2113
UTUADO,PR00641 		N/A PC HURRICANE FIONA AID 5,000

CORPORACION JUVENIL PARA EL DESAROLLO DE COMUNIDADES SOSTENIBLES

20 AVE LUIS MUNOZ MARIN PMB 179
CAGUAS,PR00725 		N/A PC PR SMALL FARMER AND RANCHER ASSISTANCE 191,525

CORPORACION JUVENIL PARA EL DESAROLLO DE COMUNIDADES SOSTENIBLES

21 AVE LUIS MUNOZ MARIN PMB 179
CAGUAS,PR00726 		N/A PC HURRICANE FIONA AID 20,000

CULTIVATING COMMUNITY

PO BOX 3792
PORTLAND,ME04104 		N/A PC GENERAL OPERATING SUPPORT 30,000

FIDEICOMISO DE CONSERVACION DE PUERTO RICO

PO BOX 9023554
SAN JUAN,PR00902 		N/A SOUNK PUERTO RICO CLIMATE CORPS 50,000

FINCA SEMILA

SEMILA LLC
BARCELONETA,PR00652 		N/A NC HURRICANE FIONA AID 5,000

FOUNDATION FOR PUERTO RICO

PO BOX 364029
SAN JUAN,PR00936 		N/A PC COMMUNITY LEADERSHIP ACADEMY 265,466

FRIENDS OF KATAHDIN WOODS AND WATERS

PO BOX 18177
PORTLAND,ME04112 		N/A PC KATAHDIN LEARNING PROJECT 30,000

FUNDACION CORTES

PO BOX 363626
SAN JUAN,PR00936 		N/A PC ART OF WELLNESS AND AGROECOLOGY 40,000

GLOBAL EMPOWERMENT MISSION

1810 NW 94 AVE
DORAL,FL33132 		N/A PC BSTRONG CENTER FOR UKRAINIAN EVACUEES 10,000

HAND IN HANDMANO EN MANO

PO BOX 573
MILBRIDGE,ME04658 		N/A PC RAYITOS DE SOL BILINGUAL DAYCARE 50,000

HEARTY ROOTS

PO BOX 302
BRISTOL,ME04539 		N/A PC INTEGRATED SOCIAL WORKER 30,000

HIAS

1300 SPRING ST STE 500
SILVER SPRING,MD20910 		N/A PC UKRAINIAN AID: RIGHT TO PROTECTION 25,000

HISPANIC FEDERATION

55 EXCHANGE PLACE 5TH FLO STE 501
NEW YORK,NY10005 		N/A PC PUERTO RICO GENERAL OPERATING SUPPORT 75,000

HOPE WORLDWIDE

290 INTERSTATE NORTH CIRCLE SE STE
130
ATLANTA,GA30339 		N/A PC UKRAINIAN RELIEF 15,000

INSTITUTO NUEVA ESCUELA

PO BOX 23087
SAN JUAN,PR009313087 		N/A PC NATURE IMMERSION CURRICULUM 50,000

JANE STERN DORADO COMMUNITY LIBRARY INC

PO BOX 609
DORADO,PR006460609 		N/A PC GENERAL OPERATING SUPPORT 10,000

JANE STERN DORADO COMMUNITY LIBRARY INC

PO BOX 610
DORADO,PR006460610 		N/A PC HURRICANE FIONA AID: AC REPAIR 4,276

JANE STERN DORADO COMMUNITY LIBRARY INC

PO BOX 611
DORADO,PR006460611 		N/A PC HURRICANE FIONA AID: NEW FLOORING 60,000

JEWISH AGENCY FOR ISRAEL- NORTH AMERICAN COUNCIL

633 THIRD AVE 21ST FLOOR
NEW YORK,NY10017 		N/A PC AID FOR UKRAINIAN JEWS 15,000

JOBS FOR MAINE'S GRADUATES INC

65 STONE STREET
AUGUSTA,ME04330 		N/A PC BADGING MODEL DEVELOPMENT AND BGC COLLABORATION 200,000

JOHNSON HALL INC

PO BOX 777
GARDINER,ME04345 		N/A PC ARTISTS IN SCHOOLS & SUMMER THEATER 10,000

KNOX COUNTY HOMELESS COALITION

PO BOX 1696
ROCKLAND,ME04841 		N/A PC THE LANDING PLACE 30,000

LA FINCA DE ABUELO MIGUEL

HC 3 BOX 31930
MOROVIS,PR00687 		N/A NC HURRICANE FIONA AID 20,000

LEAD COLLABORATIVE PR INC

800 AVE ROBERTO H TODD
SAN JUAN,PR00907 		N/A PC GENERAL OPERATING SUPPORT 90,000

MAINE AUDUBON SOCIETY

20 GILSLAND FARM RD
FALMOUTH,ME04105 		N/A PC NATURE-BASED EDUCATION CONSORTIUM 30,000

MAINE INITIATIVES

56 NORTH ST SUITE 100
PORTLAND,ME04101 		N/A PC GENERAL OPERATING SUPPORT 50,000

MAINE INSIDE OUT

PO BOX 1062
LEWISTON,ME04243 		N/A PC GENERAL OPERATING SUPPORT 30,000

MAINE MEDICAL CENTER

22 BRAMHALL ST
PORTLAND,ME04102 		N/A PC YOUTH THRIVING IN PLACE PROJECT 30,000

MAINE ORGANIC FARMERS AND GARDNERS ASSOC

PO BOX 170
UNITY,ME04988 		N/A PC AGROECOLOGY CONTINUUM AND ASSESSMENT TOOL 20,000

MAINE ORGANIC FARMERS AND GARDNERS ASSOC

PO BOX 171
UNITY,ME04989 		N/A PC RESILIENCE IN MAINE AGRICULTURE 50,000

MAINE RESILIENCE BUILDING NETWORK

PO BOX 333
MANCHESTER,ME04351 		N/A PC GENERAL OPERATING SUPPORT 100,000

MAINE YOUTH ALLIANCE

78 A MAINE ST
BELFAST,ME04915 		N/A PC THE GAME LOFT 25,000

MIDCOAST COMMUNITY ALLIANCE

4 OLD BRUNSWICK RD
BATH,ME04530 		N/A PC GENERAL OPERATING SUPPORT 30,000

MIDDLEBURY COLLEGE

14 OLD CHAPEL RD
MIDDLEBURY,VT05753 		N/A PC MAHANEY ARTS CENTER 10,000

MONTE AZUL

PO BOX 531
MARICAO,PR00606 		N/A PC HURRICANE FIONA AID 10,000

MONTE AZUL

PO BOX 531
MARICAO,PR00606 		N/A PC YABUCOA SUSTAINABLE AGRICULTURE HUB 30,000

MOUNT DESERT LAND AND GARDEN PRESERVE

PO BOX 208
SEAL HARBOR,ME04675 		N/A PC GENERAL OPERATING SUPPORT 1,000

MUJERES DE ISLAS

PO BOX 358
CULEBRA,PR00775 		N/A PC HURRICANE FIONA AID 4,000

NUESTRA ESCUELA

352 CALLE SAN CLAUDIO STE 1 PMB 133
SAN JUAN,PR00926 		N/A PC HURRICANE FIONA AID: REPAIRS TO EXTERIORS 13,659

OUT MAINE

PO BOX 1723
ROCKLAND,ME04841 		N/A PC GENERAL OPERATING SUPPORT 25,000

PARA LA NATURALEZA

PO BOX 9023554
SAN JUAN,PR00902 		N/A POF COMPOSTING PROJECT 76,000

PARA LA NATURALEZA

PO BOX 9023554
SAN JUAN,PR00903 		N/A POF GASTRONOMY PROJECT 100,000

PLATFORM FOR SOCIAL IMPACT

PO BOX 79526
CAROLINA,PR00984 		N/A PC GENERAL OPERATING SUPPORT 500,000

PLENITUD INICIATIVAS ECO-EDUCATIVAS INC

PO BOX 394
LAS MARIAS,PR00670 		N/A PC SIEMBRA BORICUA PROGRAM 75,000

PLENITUD INICIATIVAS ECO-EDUCATIVAS INC

PO BOX 395
LAS MARIAS,PR00671 		N/A PC SIEMBRA BORICUA PROGRAM IHO KEVIN MAHANEY 75,000

PLENITUD INICIATIVAS ECO-EDUCATIVAS INC

PO BOX 396
LAS MARIAS,PR00672 		N/A PC HURRICANE FIONA AID 6,200

PORTLAND COMMUNITY SQUASH

66 NOYES ST
PORTLAND,ME04103 		N/A PC ANNUAL ACCESS FUND 30,000

PRODUCE LLC

HC44 BOX 13470
CAYEY,PR00736 		N/A NC FOOD INDEX RESEARCH ANALYSIS AND DATA VISUALIZATION 82,500

PRODUCTORES DE CAFE DE PUERTO RICO INC

PO BOX 945
ADJUNTAS,PR00601 		N/A NC HURRICANE FIONA AID: COLLABORATION WITH TECHNOSERVE 2,500

PRODUCTORES DE CAFE DE PUERTO RICO INC

PO BOX 945
ADJUNTAS,PR00601 		N/A NC HURRICANE FIONA AID 19,600

PRODUCTORES DE CAFE DE PUERTO RICO INC

PO BOX 945
ADJUNTAS,PR00601 		N/A NC AGROHUB RESEARCH PROJECT 27,457

PRODUCTORES DE CAFE DE PUERTO RICO INC

PO BOX 945
ADJUNTAS,PR00601 		N/A NC PLANTAINS FOR THE MOUNTAINS PROGRAM 72,758

PUERTO RICO COMMUNITY FOUNDATION

PO BOX 70362
SAN JUAN,PR009368362 		N/A PC LOIZA YOUTH MENTORING PROGRAM 25,000

PUERTO RICO COMMUNITY FOUNDATION

PO BOX 70363
SAN JUAN,PR009368363 		N/A PC COMUNIDAD DE CERCADILLO EN ACCION 1,000

PUERTO RICO EDUCATION FOUNDATION

PO BOX 10050
SAN JUAN,PR00908 		N/A PC CAMINO HACIA LA META 100,000

RAZOM INC

140 2ND AVE STE 305
NEW YORK,NY10003 		N/A PC UKRAINE EMERGENCY RESPONSE 20,000

RURAL ASPIRATIONS PROJECT

197 NICKERSON RD
SWANVILLE,ME04915 		N/A PC GENERAL OPERATING SUPPORT 30,000

SISTEMA UNIVERSITARIO ANA G MENDEZ INC

PO BOX 21345
SAN JUAN,PR00928 		N/A PC KINGBIRD INNOVATION CENTER 1,000

SUNRISE COUNTY ECONOMIC COUNCIL

7 AMES WAY
MACHIAS,ME04654 		N/A PC FAMILY FUTURES DOWNEAST 80,000

TECHNOSERVE

1777 N KENT ST STE 1100
ARLINGTON,VA22209 		N/A PC REVIVAMOS NUESTRO CAFE 20,000

THE TELLING ROOM

225 COMMERCIAL ST STE 201
PORTLAND,ME04101 		N/A PC GENERAL OPERATING SUPPORT 30,000

TREE STREET YOUTH

144 HOWE ST
LEWISTON,ME04240 		N/A PC GENERAL OPERATING SUPPORT 30,000

TREKKERS

325 OLD COUNTY RD
ROCKLAND,ME04841 		N/A PC GENERAL OPERATING SUPPORT 30,000

UNIVERSITY SYSTEM OF NEW HAMPSHIRE

25 CONCORD ROAD DUNLAP CENTER
DURHAM,NH03824 		N/A PC FOOD SOLUTIONS NEW ENGLAND 30,000

VIEQUES CONSERVATION & HISTORICAL TRUST

138 CALLE FLAMBOYAN
VIEQUES,PR00765 		N/A PC MANTA EDUCATION PROGRAM 14,769

WABANAKI PUBLIC HEALTH AND WELLNESS

PO BOX 1356
BANGOR,ME04402 		N/A PC WABANAKI HEALTH AND WELLNESS NEELOON PROJECT 30,000

WABANAKI YOUTH IN SCIENCE

PO BOX 215
INDIAN ISLAND,ME044681254 		N/A PC GENERAL OPERATING SUPPORT 30,000

WHY HUNGER

505 EITH AVE STE 2100
NEW YORK,NY10018 		N/A PC EASTERN WOODLANDS REMATRIATION COLLECTIVE 30,000

YELLOW TULIP PROJECT

533 CONGRESS ST
PORTLAND,ME04101 		N/A PC GENERAL OPERATING SUPPORT 30,000
Total .................................right arrow 3a 4,266,710
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
Form 990-PF (2022)
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 9,253  
4 Dividends and interest from securities .... 901101 1,405 14 1,800,351  
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 .....     14    
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 14 18 -922,858  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aORDINARY UBI LOSS THROUGH K-1S 		901101 -60,655 14 60,655  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -59,236 947,401 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
888,165
(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 (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
PETER ALFOND FOUNDATION
 
Employer identification number

22-3267949
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
PETER ALFOND FOUNDATION
  		Employer identification number
22-3267949
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
KEVIN MAHANEY
PO BOX 508
 
PORTLAND, ME04112

$ 75,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
PETER ALFOND FOUNDATION
  		Employer identification number

22-3267949
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
PETER ALFOND FOUNDATION
  		Employer identification number

22-3267949
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION SERVICES 12,218 0   10,218

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

TY 2022 ExpenditureResponsibilityStmt
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
AGROEMPRESARIAS DE PUERTO RICO
  		PO BOX 1924
LARES,PR00669 		2021-08-27 50,000 AIDING FEMALE FARMERS 10,000   6/3/22 2022-06-03  
LA FINCA DE ABUELO MIGUEL INC
  		HC BOX 31930
MOROVIS,PR00687 		2021-08-27 45,000 ORGANIC FODDER PROJECT AT FINCA PASTOREO 45,000   12/31/2022 2023-10-12  
HACIENDA LA FLORIDA INC
  		HC 1 BOX 4150 CARR 135 RT 548 KM 39
ADJUNTAS,PR00601 		2021-09-02 97,730 FORGOTTEN FOREST PROJECT 97,730   12/31/2022    
PRODUCTORES DE CAFE DE PUERTO RICO INC
  		PO BOX 945
ADJUNTAS,PR00601 		2022-01-11 2,500 HURRICANE FIONA AID: COLLABORATION WITH TECHNOSERVE 2,500   7/14/23 2023-07-14  
MONTE AZUL
  		PO BOX 531
MARICAO,PR00606 		2022-03-23 30,000 YABUCOA SUSTAINABLE AGRICULTURE HUB 30,000   10/26/23 - IN 60 MONTH TERMINATION UNDER SECTION 507(B)(1)(B) 2022-10-26  
PRODUCTORES DE CAFE DE PUERTO RICO INC
  		PO BOX 945
ADJUNTAS,PR00601 		2022-03-29 72,758 PLANTAINS FOR THE MOUNTAINS PROGRAM 72,758   9/25/23    
PARA LA NATURALEZA
  		PO BOX 9023554
SAN JUAN,PR00902 		2022-07-21 76,000 COMPOSTING PROJECT 0   6/2/23 2023-06-02 REALLOCATED TO FOOD DOCUSERIES IN JULY 2023
PRODUCE LLC
  		HC 44 BOX 13470
CAYEY,PR00736 		2022-08-11 82,500 FOOD INDEX RESEARCH ANALYSIS AND DATA VISUALIZATION 6,900   9/25/23 2023-09-25  
FINCA SEMILA
  		SEMILA LLC
BARCELONETA,PR00652 		2022-09-27 5,000 HURRICANE FIONA AID 2,021   9/25/23 2023-09-25  
LA FINCA DE ABUELO MIGUEL
  		HC 3 BOX 31930
MOROVIS,PR00687 		2022-09-30 20,000 HURRICANE FIONA AID 20,000   3/28/23 2023-03-28  
MONTE AZUL
  		PO BOX 531
MARICAO,PR00606 		2022-09-30 10,000 HURRICANE FIONA AID 10,000   10/26/23 - IN 60 MONTH TERMINATION UNDER SECTION 507(B)(1)(B) 2022-10-26  
PRODUCTORES DE CAFE DE PUERTO RICO INC
  		PO BOX 945
ADJUNTAS,PR00601 		2022-09-30 19,600 HURRICANE FIONA AID 19,600   7/14/23 2023-07-14  
COOPERATIVA MADRE TIERRA
  		CALLE FERNANDO CALDER 469B URB
ROOSEVELT
SAN JUAN,PR00919 		2022-10-13 5,000 HURRICANE FIONA AID 5,000   12/12/22 2022-12-12  
PRODUCTORES DE CAFE DE PUERTO RICO INC
  		PO BOX 945
ADJUNTAS,PR00601 		2022-10-13 27,457 AGROHUB RESEARCH PROJECT 0   12/12/22 2022-12-12 REALLOCATED TO CLIMATE SMART PARTNERSHIP IN APRIL 2023
BEAN COUNTERS LLC
  		30 CALLE SURF
RINCON,PR00677 		2022-11-10 18,000 FORGOTTEN FOREST PROJECT HURRICANE FIONA AID 18,000   12/1/22 2022-12-01  
FIDEICOMISO DE CONSERVACION DE PUERTO RICO
  		PO BOX 9023554
SAN JUAN,PR00902 		2022-11-16 50,000 PUERTO RICO CLIMATE CORPS 50,000   12/31/2022 2023-09-26  
PARA LA NATURALEZA
  		PO BOX 9023554
SAN JUAN,PR00903 		2022-12-08 100,000 GASTRONOMY PROJECT 90,954   3/20/23 2023-03-20  

TY 2022 InvestmentsOtherSchedule2
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MHS CAPITAL PARTNERS III, LP AT COST 132,500 126,932
PEG GLOBAL PRIVATE EQUITY IX AT COST 1,014,066 1,339,503
PEG GLOBAL PRIVATE EQUITY X SA AT COST 216,976 189,283
PEPPERTREE CAPITAL FUND VIII QP AT COST 935,000 1,302,556
ALTAS PARTNERS HOLDINGS II LP AT COST 760,019 901,300
RMWC DIRECT LENDING OPPORTUNITIES FUND III LP AT COST 461,829 556,656
REDCAR FUND I LP AT COST 804,191 925,603
INVICTUS OPPORTUNITY FUND II LP AT COST 1,633,573 1,928,018
ANGELO GORDON CS HOLDINGS FUND, LP AT COST 1,553,658 2,127,311
COHEN & STEERS REAL ESTATE-F (CREFX) 276,420.52 SHRS AT COST 4,751,532 4,190,535
DODGE & COX INCOME (DODIX) 142,715.84 SHRS AT COST 2,059,889 1,739,706
DOUBLELINE TTL RTRN BND-R6 (DDTRX) 140,693.06 SHRS AT COST 1,497,970 1,235,285
FIDELITY 500 INDEX-INST PRM (FXAIX) 59,615.22 SHARES AT COST 6,464,819 7,936,107
FIDELITY INTL INDX-INST PRM (FSPSX) 77,891.023 SHRS AT COST 2,848,145 3,208,331
GOSVENOR ALTERNATIVE INVESTMENT 8,629.885 SHRS AT COST 9,525,000 10,523,124
HEALTH CARE SELECT SECTOR (XLV) 15,650 SHRS AT COST 1,624,641 2,126,053
INVESCO QQQ TRUST SERIES 1 (QQQ) 9,981 SHRS AT COST 2,613,659 2,657,741
ISHARES CORE MSCI EMERGING (IEMG) 76,857 SHRS AT COST 4,136,855 3,589,222
ISHARES GOLD TRUST (IAU) 20,540 SHRS AT COST 730,883 710,478
ISHARES MSCI INDIA ETF (INDA) 17,912 SHRS AT COST 525,156 747,647
ISHARES MSCI JAPAN ETF (EWJ) 33,819 SHRS AT COST 1,986,121 1,841,106
ISHARES RUSSELL 1000 VALUE E (IWD) 15,494 SHRS AT COST 2,045,231 2,349,665
JPM MANAGED INCOME FD - USD - L (JMGIX) 254,426.51 SHRS AT COST 2,551,797 2,539,176
OAKMARK INTERNATIONAL-R6 (OAZIX) 71,904.273 SHRS AT COST 1,579,607 1,650,922
PARNASSUS CORE EQUITY-INST (PRILX) 60,324.027 SHRS AT COST 2,871,577 2,837,039
PIMCO COMMODITYPL STRAT-INS (PCLIX) 156,448.001 SHRS AT COST 1,172,882 1,076,362
PIMCO TOTAL RETURN FUND-INST (PTTRX) 91,157.38 SHRS AT COST 979,388 771,784
SCHWAB U.S. TIPS ETF (SCHP) 29,614 SHRS AT COST 1,789,836 1,533,709
T ROWE PRICE NEW ASIA-I (PNSIX) 44,779.486 SHRS AT COST 896,835 712,442
VANECK OIL SERVICES ETF (OIH) 2,591 SHRS AT COST 505,533 787,794
VANGUARD FTSE EUROPE ETF (VGK) 28,732 SHRS AT COST 1,720,791 1,592,902
VANGUARD MID-CAP ETF (VO) 3,873 SHRS AT COST 605,843 789,356
VANGUARD TOT BD MKT IDX-ADM (VBTLX) 601,019 SHRS AT COST 5,841,911 5,697,667
VANGUARD S&P 500 VALUE ETF (VOOV) 10,258 SHARES AT COST 1,294,287 1,436,035
ISHARES MSCI CANADA ETF (EWC) 15,075 SHARES AT COST 498,452 493,405
VANECK GOLD MINERS ETF (GDX) 22,533 SHARES AT COST 919,340 645,796
ISHARES 7-10 YEAR TREASURY B (IEF) 7,024 SHARES AT COST 687,053 672,759
VANGUARD S&P 500 GROWTH ETF (VOOG) 6,093 SHARES AT COST 1,306,613 1,285,257

TY 2022 LegalFeesSchedule
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL SERVICES 5,193 0   5,193


TY 2022 OtherAssetsSchedule
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PROGRAM RELATED INVESTMENT 100,000 0 0


TY 2022 OtherExpensesSchedule
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MEMBERSHIP DUES 25,030 0   25,030
BANKING FEES 110 0   110
OFFICE EXPENSES 15,596 0   15,596
PARTNERSHIP EXPENSES 0 43,440   0
REDCAR FUND I LP - PARTNERSHIP FEE 3,880 3,880   0


TY 2022 OtherIncomeSchedule2
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME (LOSS) THROUGH K-1S 0 108,541 0


TY 2022 OtherProfessionalFeesSchedule
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOUNDATION MANAGEMENT FEE 295,136 0   295,136
INVESTMENT MANAGEMENT FEES 244,466 244,466   0
WEALTH MANAGEMENT CONSULTING 18,423 18,423   0
LEARNING COHORT FEE 3,000 0   3,000


TY 2022 TaxesSchedule
Name:
PETER ALFOND FOUNDATION
EIN:
22-3267949
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 35,000 0   0