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
The Grass 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

04-6049529
B Telephone number (see instructions)

(800) 839-1754
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$24,788,062J 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 right arrow.............
3 Interest on savings and temporary cash investments 8,090 8,090  
4 Dividends and interest from securities... 249,551 249,551  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,051,784
b Gross sales price for all assets on line 6a 3,628,269
7 Capital gain net income (from Part IV, line 2)... 1,043,852
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
555,241 549,220  
12 Total. Add lines 1 through 11........ 1,864,666 1,850,713  
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)....... Click to see attachment
List of Attached Documents:
// Content
24,240 0 0 24,240
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
118,793 110,990   7,803
17 Interest............... 134     134
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
28,700      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 21,219     21,219
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
215,381 137,187   69,680
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 408,467 248,177 0 123,076
25 Contributions, gifts, grants paid....... 936,362 936,362
26 Total expenses and disbursements. Add lines 24 and 25 1,344,829 248,177 0 1,059,438
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 519,837
b Net investment income (if negative, enter -0-) 1,602,536
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.............      
2 Savings and temporary cash investments......... 601,377 477,680 477,680
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 arrow134,615
Less: allowance for doubtful accounts right arrow   134,615 Click to see attachment
List of Attached Documents:
// Content
134,615 		134,615
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)....... 12,506,846 Click to see attachment
List of Attached Documents:
// Content
12,034,626 		11,666,300
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).......... 13,183,735 Click to see attachment
List of Attached Documents:
// Content
14,299,710 		12,509,467
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,426,573 26,946,631 24,788,062
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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...........    
25 Net assets with donor restrictions............    
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 26,426,573 26,946,631
29 Total net assets or fund balances (see instructions)..... 26,426,573 26,946,631
30 Total liabilities and net assets/fund balances (see instructions). 26,426,573 26,946,631
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
26,426,573
2
Enter amount from Part I, line 27a .....................
2
519,837
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
221
4
Add lines 1, 2, and 3 ..........................
4
26,946,631
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
26,946,631
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
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 3,628,269   3,583,160 45,109
b       998,743
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       45,109
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 1,043,852
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 22,275
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 22,275
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 22,275
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 17,136
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 8,900
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 26,036
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
8 211
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 3,550
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow3,550 Refundedright arrow 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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 arrowMA
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 arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
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)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
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)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
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
 
 
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
Catherine E Carr Pres
10.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Victor F Chin Trustee, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Melissa J Coleman Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Kafui Dzirasa Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Andre Fenton Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Bernice Grafstein VP, Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Henry J Grass Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Ronald R Hoy Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Kamran Khodakhah Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Michael A Long Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Matthew B McFarlane Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Felix E Schweizer Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Steven J Zottoli Trustee
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...................right arrow  
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
Bank of America Investment Mgmt. 71,352
701 Brickell Avenue 8th Floor
Miami,FL33131
Foundation Source Administrative Svcs. 60,407
55 Walls Drive 3rd Fl
Fairfield,CT06824
Total number of others receiving over $50,000 for professional services.............right arrow  
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 arrow  
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
12,348,365
b
Average of monthly cash balances.......................
1b
808,011
c
Fair market value of all other assets (see instructions)................
1c
12,644,082
d
Total (add lines 1a, b, and c).........................
1d
25,800,458
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
25,800,458
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
387,007
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
25,413,451
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,270,673
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
1,270,673
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
22,275
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
22,275
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,248,398
4
Recoveries of amounts treated as qualifying distributions................
4
221
5
Add lines 3 and 4............................
5
1,248,619
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
1,248,619
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
1,059,438
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,059,438
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 1,248,619
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......  
b Total for prior years:2020, 2019, 2018  
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019...... 96,953
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........ 96,953
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 1,059,438
a Applied to 2021, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2022 distributable amount..... 1,059,438
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 96,953 96,953
(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  
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		92,228
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 2017 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
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).)
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 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

FOUNDATION FOR THE NATIONAL INSTITUTE OF HEALTH

11400 ROCKVILLE PIKE STE 600
ROCKVILLE,MD20852 		N/A PC To support the participation of Native American students in the National Institute for Neurological Disorders and Stroke (NINDS) Summer Internship Program (SIP). 30,000

FUNDACION BALSIERO

2117 4TH ST
LIVERMORE,CA94550 		N/A PC the Neuroscience Miniscope Workshop in Buenos Aire 5,000

HENRY M JACKSON FOUNDATION

6720 ROCKLEDGE DR STE 100
BETHESDA,MD20817 		N/A PC to support the 14th Teaching Tools Workshop in Africa (TTW) 1,500

INTERNATIONAL SOCIETY FOR NEUROETHOLOGY

C/O ALLEN PRESS 810 E 10TH STREE
LAWRENCE,KS66044 		N/A PC To support travel expenses for graduate students and postdoctoral researchers in developing countries to attend the International Conference for Neuroethology (ICN) 2022 Scientific Program. 3,000

MARINE BIOLOGICAL LABORATORY

7 MBL ST
WOODS HOLE,MA02543 		N/A PC Grass Fellowship Program costs 725,542

MARINE BIOLOGICAL LABORATORY

7 MBL ST
WOODS HOLE,MA02543 		N/A PC To support post-course research opportunities for selected 2022 participants in the Neural Systems and Behavior (NS&B). 6,000

MARINE BIOLOGICAL LABORATORY

7 MBL ST
WOODS HOLE,MA02543 		N/A PC Grass Fellowship Coordinator Support 51,537

SOCIETY FOR NEUROSCIENCE

1121 14TH ST SUITE 1010
WASHINGTON,DC20005 		N/A PC Latin American Training Program (LATP), September-October 2022 1,500

UNIVERSITY OF MARYLAND

1109 LEE BLDG
COLLEGE PARK,MD20742 		N/A GOV Faculty Support 81,783

V DARCY

905 CRESTFIELD DRIVE
ROCKVILLE,MD20850 		NONE I GRASS FELLOWS PROGRAM 10,000

F MARTINEZ-RIVERA

152 EAST 100TH STREET APT 2E
NEW YORK,NY10029 		NONE I GRASS FELLOWS PROGRAM 10,000

S MELTZER

HANNAH GRAY FELLOW HARVORD UNIVERS
BOSTON,MA02115 		NONE I GRASS FELLOWS PROGRAM 1,000

K EICHEL

HHMI Hanna Gray Fellow Stanford Un
SAN FRANCISCO,CA94107 		NONE I GRASS FELLOWS PROGRAM 1,000

H SNELL

Associate Researcher Albert Einste
BRONX,NY10461 		NONE I GRASS FELLOWS PROGRAM 1,000

A JARAMILLO

Postdoctoral Research Instructor V
NASHVILLE,TN37210 		NONE I GRASS FELLOWS PROGRAM 1,000

B DAVIS-REYES

Postdoctoral Fellow Yale Universit
ROCKY HILL,CT06067 		NONE I GRASS FELLOWS PROGRAM 1,000

V TORINI

Yale University
NEW HAVEN,CT06511 		NONE I GRASS FELLOWS PROGRAM 500

M SANTISTEBAN

Weill Cornell Medical College
NEW YORK,NY10065 		NONE I GRASS FELLOWS PROGRAM 500

B JUAREZ

University of Washington Seattle
SEATTLE,WA98118 		NONE I GRASS FELLOWS PROGRAM 500

H WIRTSHAFTER

1464 W Berwyn Apt 3
CHICAGO,IL60640 		NONE I GRASS FELLOWS PROGRAM 500

S AGRAWAL

University of Washington
SEATTLE,WA98103 		NONE I GRASS FELLOWS PROGRAM 500

M GONZALEZ-GONZALEZ

University of Houston
HOUSTON,TX77081 		NONE I GRASS FELLOWS PROGRAM 500

A VLASITS

1121 Leonard Pl Apt 1
EVANSTON,IL60201 		NONE I GRASS FELLOWS PROGRAM 500

T EISSA

1363 York St Apt 201
DENVER,CO80206 		NONE I GRASS FELLOWS PROGRAM 500

L WALKER

University of Pennsylvania
PHILADELPHIA,PA19104 		NONE I GRASS FELLOWS PROGRAM 500

A PARK

13508 Argo Drive
DAYTON,OH21036 		NONE I GRASS FELLOWS PROGRAM 500

Y CARABALLO

2313 25th Ave S
MINNEAPOLIS,MN55406 		NONE I GRASS FELLOWS PROGRAM 500
Total .................................right arrow 3a 936,362
bApproved for future payment
Total ................................. right arrow 3b  
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 8,090  
4 Dividends and interest from securities ....     14 249,551  
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 ............ 		525990 8,906 18 1,042,878  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 5,539 14 547,916 348
bFederal Tax Refund     01 134  
cSec 751 Gain on Sale of Ptshp     01 974  
dFOREIGN TAX REFUND     01 330  
e
12 Subtotal. Add columns (b), (d), and (e) .. 14,445 1,849,873 348
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,864,666
(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.)
11b Tax-Exempt Income
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

TY 2022 AccountingFeesSchedule
Name:
The Grass Foundation
EIN:
04-6049529
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Audit Fees 24,240     24,240

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

TY 2022 DepreciationSchedule
Name:
The Grass Foundation
EIN:
04-6049529
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 2022 GeneralExplanationAttachment
Name:
The Grass Foundation
EIN:
04-6049529
Identifier Return Reference Explanation
Form 926 Form 926 The Foundation has prepared these forms to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
Schedule K-3s Schedule K-3s One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in part I but not provided sufficient back-up information to allow the foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the foundation's inability to obtain such information and is not a willful attempt to withhold such information.

TY 2022 InvestmentsCorpStockSchedule
Name:
The Grass Foundation
EIN:
04-6049529
Name of Stock End of Year Book Value End of Year Fair Market Value
AAR CORP 11,507 12,931
ABBOTT LABS 8,621 7,685
ABBVIE INC 12,053 17,292
ACCENTURE PLC 5,846 7,205
ACI WORLDWIDE INC 29,684 27,301
ADAPTHEALTH 7,494 7,477
ADVANCED DRAINAGE SYSTEMS INC 12,235 8,935
AENA SME S.A. ADR 4,412 3,135
AERCAP HOLDING N.V 18,790 22,978
AIA GROUP LTD ADR 16,195 16,706
AKZO NOBEL NV-ADR 3,595 4,060
ALCON INC 14,109 15,424
ALIBABA GROUP HOLDING LTD 52,766 26,075
ALIGN TECHNOLOGY, INC 15,745 8,647
ALLBIRDS INC 23,148 10,914
ALLSTATE CORP 13,780 15,052
ALPHABET INC CL A 20,032 22,322
ALPHABET INC CL C 17,545 19,609
ALSTOM 3,172 4,662
AMADEUS IT HLDS SA 4,632 5,119
AMAZON COM 40,575 29,820
AMBARELLA INC 12,417 13,568
AMDOCS LIMITED 17,302 21,543
AMER EQ INV LIFE HLD 6,629 9,991
AMEREN CORPORATION 4,457 4,802
AMERICAN ELECTRIC POWER INC 21,793 23,738
AMERICAN WATER WORKS COMPANY I 11,349 12,803
AMERISAFE INC 29,370 25,257
ANALOG DEVICES INC 8,274 10,006
ANHEUSER BUSCH COS INC 1,731 2,282
ANNALY MTG MGMT INC. COM 19,140 13,639
ANSYS INC 13,268 9,664
API GROUP CORPORATION 4,744 4,703
APTAR GROUP INC 4,839 4,949
APTIV PLC 5,542 6,426
ARCELORMITTAL 525 656
ARCH CAPITAL GROUP LTD 13,911 23,480
ARISTA NETWORKS 13,025 12,620
ARK AUTONOMOUS TECHNOLOGY & RO 149,868 80,708
ASML HOLDING NV NY REG SHS 3,247 4,918
ASTRAZENECA 8,093 9,831
AUTODESK, INC 28,862 26,162
AUTOMATIC DATA PROCESSING INC 5,110 7,166
AVALONBAY CMNTYS INC 4,873 3,553
AVERY DENNISON CORP 3,534 4,525
AXA ADS 3,192 4,041
AXIS CAPITAL HOLDINGS LTD 2,608 2,438
AXOGEN INC COM 25,143 23,014
BAIRD AGGREGATE BOND FUND CLAS 2,520,435 2,159,785
BAKER HUGHES COMPANY 5,749 6,733
BANCO BRADESCO S.A. SPONS ADR 286 282
BARCLAYS PLC ADR 4,897 4,118
BAYER A G SPONSORED ADR 3,119 2,379
BAYERISCHE MOTOREN WERKE AG AD 2,634 3,500
BECTON DICKINSON & CO 9,835 9,918
BLACK HILLS CORP 7,027 6,190
BLACKROCK INC 7,221 8,504
BLOCK INC 15,776 8,860
BNP PARIBAS SPONS ADR 1,302 1,708
BOEING CO 39,102 46,099
BOOZ ALLEN HAMILTON HOLDING CO 3,535 3,972
BOSTON BEER CO INC 9,390 9,227
BOSTON PPTYS INC 9,577 8,853
BP PLC SPONSORED ADR 1,950 2,270
BRIDGESTONE CORP UNSP ADR 4,567 4,214
BRISTOL-MYERS SQUIBB CO 5,213 5,900
BRITISH AMERICAN TOBACCO PLC 1,535 1,679
BROADCOM INC 10,429 16,774
BROADRIDGE FINANCIAL 13,745 12,742
BROWN & BROWN INC 13,466 16,236
BUILDERS FIRST SOURCE INC 6,074 7,202
BUNZL PLC SPONSORED ADR 3,576 4,099
BURBERRY GROUP PLC 2,750 2,686
C T S CP 9,223 10,998
CACTUS, INC. CLASS A 8,356 13,470
CADENCE DESIGN SYSTEMS INC 12,421 13,815
CAIXABANK 342 413
CANADIAN NATL RAILWAY CO 7,271 7,371
CARLISLE COS INC 10,066 17,674
CARPENTER TECH 9,166 15,367
CARREFOUR S.A 5,717 5,150
CATALENT INC 9,770 6,797
CBRE GROUP 13,193 18,393
CDW CORP 10,506 13,751
CHAMPIONX CORP 8,423 12,756
CHARLES RIV LABORATORIES INTL 12,448 12,202
CHEESECAKE FACTORY INC 7,939 6,596
CHEVRON CORP 11,437 19,744
CHINA MERCHANTS BANK 9,980 7,181
CHIPOTLE MEX GRILL 7,761 16,650
CHUBB LIMITED 7,944 11,471
CHURCH & DWIGHT 17,272 17,089
CIGNA CORPORATION 7,398 7,952
CISCO SYSTEMS INC 17,083 17,007
CME GROUP, INC 9,254 7,567
CMS ENERGY CP 3,593 3,483
COLUMBIA BANKING SYSTEM, INC 6,822 5,905
COLUMBUS MCKINNON CORPORATION 14,373 10,390
COMCAST CORP 18,394 15,142
COMMVAULT SYSTEMS, INC 10,155 12,757
COMPAGNIE FINANCIERE RICHEMONT 3,377 5,375
COMPASS GROUP PLC ADR 3,872 4,142
CONOCOPHILLIPS 2,764 6,962
COPART INC 11,133 13,883
COSAN ADR REPRESENTING 7,976 6,347
COSTAR GROUP, INC 10,764 11,515
CREDICORP LTD 7,780 5,833
CROWN CASTLE INTL 4,679 3,798
CUMMINS INC 6,182 7,026
CVB FINANCIAL CORPORATION 5,525 6,850
D R HORTON 27,454 29,951
DEERE CO 8,057 14,578
DEFINITIVE HEALTHCARE ORD SHS 9,657 9,561
DENNYS CORPORATION 13,339 6,917
DEUTSCHE TELE AG ADS 3,781 4,116
DEVON ENERGY CORPORATION 2,912 7,935
DEXCOM, INC 9,695 12,683
DIAGEO PLC ADS 4,245 4,811
DIAMONDBACK ENERGY INC 10,744 10,806
DIODES 5,495 6,472
DISCOVER FINL SVCS COM 6,149 8,903
DONALDSON CO. INC 11,301 11,303
DORMAN PRODUCTS INC 8,878 10,432
DOXIMITY ORD SHS CLASS A 9,034 9,195
DTE ENERGY CO COM 2,019 2,938
DUN & BRADSTREET CORP 8,399 6,510
DYCOM INDS INC 6,683 12,823
EAGLE MATERIALS INC 7,861 11,027
EATON CORP PLC 4,563 6,906
ELECTRONIC ARTS 3,485 3,665
ELEVANCE HEALTH INC 9,499 10,259
ELI LILLY & CO 2,741 5,853
ENEL SOCIETA PER AZI 4,716 5,927
ENN ENERGY HOLDINGS LIMITED 4,510 4,172
ENOVIS CORPORATION 6,824 6,476
ENPRO INDUSTRIES INC 6,530 12,282
ENTERGY CORP 4,725 4,725
EOG RESOURCES INC 11,628 23,314
EPAM SYSTEMS INC 15,571 17,698
EQUINOR ASA 1,538 3,295
ERSTE BK DER OEST SP 3,394 3,318
ESCO TECH INC 22,583 26,787
EURONET WORLDWIDE INC 28,199 22,368
EVERSOURCE ENERGYINC 4,339 4,024
EXPEDITORS INTL WASH INC 10,715 14,341
EXXON MOBIL CORP 9,802 15,883
F.N.B CORPORATION 5,762 8,704
FABRINET INC 7,801 10,770
FACTSET RESH SYST INC 10,998 14,042
FANUC LIMITED UNSPONSORED 5,346 5,636
FASTENAL COMPANY 9,125 10,079
FIFTH THIRD BANCORP 7,623 9,810
FIRST ENERGY CORP 19,055 17,237
FIRST FINANCIAL BANCORP 6,647 7,002
FIRST INDUSTRIAL REALTY TRUST 5,475 5,936
FIRST INTERSTATE BANCSYSTEM IN 15,673 15,808
FIRST TRUST NASDAQ CYBERSECURI 150,100 112,646
FIVE BELOW INC 8,069 11,497
FLOOR AND DECOR HOLDINGS 12,101 9,470
FOUR CORNERS PROPERTY TRUST IN 6,161 5,886
FREEPORT-MCMORAN COPPER & GOLD 8,763 10,640
FRESHPET INC 18,879 18,470
G III APPAREL GRP LTD 8,803 4,990
GAMING AND LEISURE PROPERTIES, 10,583 12,293
GATES INDUSTRIAL CORPORATION P 7,611 5,477
GENERAC HOLDING INC 9,547 5,637
GLAUKOS CORP 10,666 10,527
GLOBANT SA 18,066 14,125
GRACO INC 8,759 10,493
GROUPE DANONE ADS 4,746 5,218
GRUPO FIN ADR 4,013 4,120
GSK PLC 4,865 4,533
HARSCO CORP 7,615 3,956
HDFC BANK LTD ADR 13,067 14,024
HEICO CORP 11,424 14,135
HELEN OF TROY LIMITED 4,239 2,440
HELIOS TECHNOLOGIES 14,529 14,808
HENRY JACK & ASSOC INC 12,630 11,411
HESKA CORPORATION 26,015 19,953
HOME DEPOT INC 13,775 17,056
HONEYWELL INTL 11,454 13,715
HOSTESS BRANDS INC 9,052 12,566
HSBC HOLDINGS PLC 4,104 3,739
HUB GROUP, INC 6,938 9,777
HUMANA INC 3,166 4,098
HUNT J B 4,593 6,800
HUNTSMAN CORP 1,683 1,704
IBERDROLA ADR 5,706 5,705
ICICI BK LTD ADS 11,304 14,031
ICON PLC - AMERICAN DEPOSITARY 11,480 12,626
IDEX CP 13,681 15,755
IDEXX CORP 9,882 13,055
ILLUMINA INC COM 18,756 13,345
INDEPENDENT BANK GROUP INC 7,475 8,351
INDUSTRIA DE DISENO 2,744 3,522
INFINEON TECH ADS 3,654 4,281
ING GROUP N V SPONSORED ADR 3,163 3,408
INGERSOLL-RAND INC 11,090 11,965
INSULET CORPORATION 10,111 14,720
INTEGER HOLDINGS CORP 15,308 12,665
INTERNATIONAL BUSINESS MACHINE 10,092 11,130
INTESA SANPAOLO SPA 3,214 3,086
INTUITIVE SURGICAL 7,344 10,879
ISHARES CORE MSCI EAFE ETF 227,053 229,671
ISHARES RUSSELL 2000 234,875 189,181
ISHARES S&P 500 INDEX FD 1,101,909 1,265,971
ISHARES TRUST RUSSELL MIDCAP I 613,583 636,322
JACK IN THE BOX INC 9,956 10,030
JACOBS SOLUTIONS INC 17,081 19,451
JD.COM, INC 9,429 6,736
JFROG 26,583 20,946
JOHNSON & JOHNSON 21,180 24,908
JP MORGAN CHASE 27,991 28,832
JUNIPER NETWORKS 1,968 2,557
KEMPER CORP 10,769 6,839
KEURIG DR PEPPER INC 14,674 16,618
KEYSIGHT TECHNOLOGIES INC 8,502 14,883
KINSALE CAPITAL GROUP INC 7,320 7,323
KITE RLTY GROUP TRUST 9,527 10,609
KLA TENCOR CORP 5,922 10,934
KONINKLIJKE PHILIPS ELECTRONIC 2,875 2,803
KORN FERRY INTL 6,710 8,454
L'AIR LIQUIDE ADR OTC 3,528 3,733
LAM RESEARCH CORP 8,497 7,986
LAMB WESTON HOLDINGS INC 9,019 9,830
LANTHEUS HOLDINGS INC 9,151 17,632
LATTICE SEMICONDUCTOR 7,960 8,759
LEAR CORP 7,387 6,077
LEGG MASON BW GLOBAL OP BD-IS 245,000 243,329
LENDINGCLUB CORPORATION 18,691 10,454
LINDE PLC COM 6,697 7,828
LITTELFUSE, INC 8,575 13,432
LIVERAMP HOLDINGS INC 35,372 19,736
LKQ CORPORATION 16,791 22,592
LOCKHEED MARTIN CORP 7,754 9,243
LOEWS CORP 8,317 8,983
LONZA GROUP AG UNSP/ADR 3,499 3,559
LULULEMON ATHLETICA INC 3,949 3,524
MARSH AND MCLENNAN COMPANIES I 9,254 12,907
MARTIN CURRIE SMA-SHARES SERIE 177,717 155,928
MASONITE INTERNATIONAL CORPORA 3,899 3,950
MASTEC INC 14,269 14,250
MATCH GROUP INC 4,726 4,647
MCDONALD'S CORP 9,781 11,332
MCGRATH RENTCORP 7,161 8,887
MEDTRONIC PLC 12,762 9,715
MEITUAN DIANPING UNSPONSORED A 18,039 9,379
MERCADOLIBRE, INC 2,853 3,385
MERCK & CO INC 12,302 17,086
META PLATFORMS INC 49,618 34,177
MICROCHIP TECHNOLOGY INC 7,522 7,868
MICRON TECHNOLOGY 2,722 2,299
MICROSOFT CORP 43,567 53,240
MINERAL TECH INC 7,742 8,258
MINTH GROUP UNSPONSORED ADR RE 5,201 3,525
MITSUBISHI UFJ FINANCIAL GROUP 3,145 3,835
MONDELEZ INTERNATIONAL INC 8,139 8,864
MONOLITHIC POWER SYSTEMS, INC 5,510 10,255
MONRO MUFFLER BRAKE, INC 21,183 19,572
MONSTER BEVERAGE CORP 20,833 29,241
MONTROSE ENVIRONMENTAL GRP ORD 8,802 12,696
MOOG INC CL A 10,501 10,356
MORGAN STANLEY 6,216 5,186
MSCI INC 12,896 13,025
MUELLER WATER PRODUCTS INC 9,128 8,113
MURATA MFG INC UNSP/ADR 2,699 2,768
NANOSTRING TECHNOLOGIES INC 33,935 10,600
NATIONAL GRID TRANSCO PLC 3,344 3,378
NATIONAL INSTRUMENTS CORPORATI 21,412 22,066
NCR CP 17,299 12,290
NEOGEN CORPORATION 40,773 27,444
NESTLE S.A 6,245 6,459
NETFLIX INC 29,747 28,308
NEUBERGER BERMAN ALTRNTIVE FDS 550,661 564,895
NEXTERA ENERGY, INC 6,313 7,608
NIKE INC-CL B 2,620 3,393
NORTHERN TRUST CORPORATION 6,289 6,460
NORTHROP GRUMMAN CORP 10,343 15,277
NORTHWESTERN CORP 11,080 9,020
NOV INC 4,859 5,975
NOVARTIS AG ADR 24,902 25,583
NOVO NORDISK A S 7,155 13,940
NVENT ELECTRIC PLC 8,437 10,195
NVIDIA CORP 18,338 32,297
O'REILLY AUTOMOTIVE INC 9,815 13,504
OLD NATIONAL BANCORP 7,130 8,541
OMNICELL, INC 32,595 17,647
ON SEMICONDUCTOR 4,325 4,179
ORACLE CORP 23,933 33,922
OXFORD INDUSTRIES 5,180 6,616
PACIFIC PREMIER BANCORP INC 5,122 8,174
PACKAGING CORP AMER 1,983 2,430
PACWEST BANCORP 3,527 2,226
PARKER HANNIFIN CP 6,481 8,148
PARSONS ORD SHS 24,681 33,208
PATRICK IND INC 4,125 4,121
PATTERSON COMPANIES INC COM 5,999 8,801
PAYCOM SOFTWARE 10,078 9,930
PAYPAL HOLDINGS, INC 15,081 9,828
PDC ENERGY INC 2,688 8,506
PEBBLEBROOK HOTEL TR COM 7,250 4,954
PEPSICO INC 6,879 8,672
PERNOD RICARD S A SPONSORED AD 1,658 1,888
PGIM SHORT TERM CORP 407,404 366,080
PHILIP MORRIS INTL 8,461 9,615
PIEDMONT OFFICE REALTY TRUST I 8,788 3,585
PIMCO INCOME FUND 361,565 311,469
PING AN INSURANCE GROUP ADR 13,598 8,377
PINNACLE FINANCIAL PARTNERS IN 11,476 11,891
PLEXUS CORPORATION INC 8,752 12,043
PNC FINANCIAL GROUP INC 12,121 14,215
PNM RESOURCES INC 10,861 11,319
POOL CORP 9,575 12,698
PORTFOLIO RECOVERY ASSOCIATES, 8,066 7,060
PPG INDUSTRIES INC 6,169 5,407
PROCTER GAMBLE CO 15,096 17,733
PROGRESS SOFTWARE CORP 7,300 8,324
PROS HOLDINGS INC 17,068 13,828
PRUDENTIAL HIGH YIELD FUND CLA 400,634 357,967
PRUDENTIAL PLC SC 5,551 7,502
PT BANK RAKYAT ADR 9,397 9,249
PT TELEKOM. IND. TBK ADR 4,353 3,911
PTC INC 6,447 8,043
QUALCOMM INC 12,734 14,402
RBC BEARINGS INCORPORATED 9,536 10,468
RECKITT BENCKISER GROUP 11,588 10,807
RECRUIT HOLDINGS CO 3,085 3,008
REGENERON PHARMACEUTICALS INC 13,030 19,480
REGIONS FINANCIAL CORP 5,648 7,826
RELX PLC 7,987 8,067
RENASANT CORPORATION 6,188 7,894
REPLIGEN CORP 8,100 9,820
REPUBLIC SVCS INC 16,329 20,896
RESMED INC 10,150 11,447
REYNOLDS CONSUMER PRODUCTS INC 18,715 18,977
RIO TINTO PLC SPONSORED ADR 1,812 2,278
RITCHIE BROS AUCTIONEERS 14,282 15,556
ROCHE HOLDING LTD ADR 27,794 25,095
ROLLS ROYCE GRP PLC S/ADR 6,120 7,985
RUSH ENTERPRISES, INC 9,149 15,893
RWE AKTIENGESELLSCHAF 2,651 3,102
RYANAIR HOLDINGS PLC-ADR COM 3,031 3,813
RYMAN HOSPITALITY PROPERTIES 7,315 7,687
SALESFORCE.COM 22,095 18,430
SANDS CHINA LTD UNSP ADR 2,044 2,657
SANDY SPRING BANCORP INC 8,047 8,420
SANOFI-AVENTIS SPONSORED ADR 3,565 4,407
SAP AKTIENGESELL ADS 12,845 10,113
SCHNEIDER ELEC UNSP/ADR 4,355 5,564
SEA LTD 6,911 1,509
SEI INVESTMENTS 13,332 12,126
SELECTIVE INS GROUP INC 11,304 15,152
SHELL ADR EACH REPRESENTING 2 3,264 5,012
SHENKMAN SHORT DURATION HIGH I 249,158 241,952
SHOPIFY INC 15,911 10,239
SIEMENS AG 5,181 4,540
SIKA AG BEARER SHS 2,407 2,392
SILICON LABORATORIES, INC 7,231 9,633
SIMPSON MANUFACTURING CO INC 7,849 8,245
SIX FLAGS ENTERTAINMENT CORPOR 11,911 11,858
SMARTSHEET INC 11,162 13,028
SMC CORPORATION 4,759 3,873
SOLAREDGE TECHNOLOGIES INC 8,552 8,215
SONY CORP ADR - OLD 327 229
SONY GROUP CORP 4,331 4,577
STAG INDUSTRIAL INC 8,837 8,627
STARBUCKS CORP COM 17,152 18,848
SUMITOMO MITSUI FINCL GRP 1,937 2,767
SVENSKA HANDELSBK UNS ADR 3,894 3,650
SWEDBANK AB S/ADR 1,781 2,287
SYNOPSYS, INC 14,304 22,031
TAIWAN SEMICONDUCTOR MFG CO LT 35,183 33,744
TAKEDA PHARMACEUTICAL COMPANY 3,933 4,727
TARGET CORPORATION 6,704 7,005
TELEFLEX INC 8,077 8,987
TENCENT HOLDINGS LIMITED 39,883 29,737
TESCO PLC S ADR 3,849 3,187
TESLA MOTORS INC 37,707 17,122
TEXAS INSTRUMENTS INC 8,053 10,078
THE BLACKSTONE GROUP INC CL A 2,275 2,300
THE COCA-COLA CO 9,234 10,686
THE HAIN CELESTIAL GROUP, INC 7,240 2,977
THE WENDY'S CO 4,909 5,318
TOKYO ELECTRON LTD 1,263 1,316
TORONTO DOMINION 3,600 3,627
TOTALENERGIES SE 1,760 2,235
TOWNEBANK 7,124 9,129
TRACTOR SUPPLY CO COM 7,938 12,598
TRANE TECHNOLOGIES PLC 4,402 7,564
TREX CO INC 7,557 6,519
TRI POINTE HOMES INC COM 8,503 8,979
TRIMAS CORPORATION 6,706 7,573
TRUEBLUE, INC 5,387 6,168
TYLER TECHNOLOGIES, INC 11,662 10,640
UMB FINANCIAL CORPORATION 6,398 8,770
UMPQUA HOLDINGS CORPORATION 4,500 5,891
UNICREDIT SPA 5,859 7,882
UNIFIRST CP 9,588 9,071
UNILEVER PLC AMER 4,333 4,985
UNION PACIFIC 10,805 12,424
UNITED BANKSHARES, INC 4,617 5,709
UNITED COMMUNITY BANKS, INC 8,693 11,593
UNITED PARCEL SERVICE 12,971 14,081
UNITEDHEALTH GROUP INC 10,427 13,785
UNIVERSAL HLTH SVC B 1,761 2,395
US BANCORP 13,520 13,127
VALEO SA SPONS ADR 951 1,085
VALERO ENERGY CORP 11,825 18,268
VERACYTE INC 13,932 13,028
VERIZON COMMUNICATIONS 8,752 5,949
VERRA MOBILITY CORPORATION 25,181 24,355
VERTEX PHARMCTLS INC 16,615 22,814
VESTAS WIND SYS UNSP/ADR 3,613 3,907
VINCI SA ADR 2,362 2,867
VISA INC 45,523 46,954
VISTEON CORP 11,916 13,345
VITAL SIGNS INC. 25,905 23,559
VULCAN MATERIALS CO 18,358 19,262
WAL-MART DE MEX V SP/ADR 5,478 5,169
WAL-MART STORES INC 4,767 5,388
WALT DISNEY HOLDINGS CO 29,277 20,156
WASTE MANAGEMENT INC 6,746 8,942
WATSCO INC 9,248 8,480
WEC ENERGY GROUP, INC 5,339 5,063
WEG SA BRAZIL SPONSORED ADR 6,283 7,787
WELLS FARGO & CO 10,491 9,497
WESTERN ASSET MACRO OPPORTUNIT 347,752 286,894
WILLIAMS SONOMA INC 12,011 8,274
WORKDAY INC 6,712 8,032
WUXI BIOLOGICS INC ADR 5,203 4,054
XCEL ENERGY INC 4,825 4,978
XINYI SOLAR HOLDINGS ADR 4,184 2,899
YUM BRANDS INC 9,601 11,783
YUM CHINA HOLDINGS INC 13,640 16,067
ZIMMER BIOMET HOLDINGS 13,574 11,985
ZIONS BANCORP 2,145 2,458
ZURICH INS GROU ADR 1,616 2,058
ZURN WATER SOLUTIONS 15,524 14,234

TY 2022 InvestmentsOtherSchedule2
Name:
The Grass Foundation
EIN:
04-6049529
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CFI MULTI-STRATEGY BOND FUND,   5,004,652 3,736,430
CFI MULTI-STRATEGY EQUITY FUND   8,204,804 7,116,653
COMMONFUND CAPITAL PARTNERS VI   679,391 1,081,977
COMMONFUND CAPITAL PARTNERS VI   410,863 574,407

TY 2022 OtherExpensesSchedule
Name:
The Grass Foundation
EIN:
04-6049529
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 60,407     60,407
Bank Charges 438 438    
Foundation Dues & Memberships 1,015     1,015
Indemnification Insurance 1,786     1,786
K-1 Exp CFI MULTI-STRATEGY BON 4,801 4,801    
K-1 Exp CFI MULTI-STRATEGY EQU 86,805 86,805    
K-1 Exp COMMONFUND CAPITAL PAR 31,670 27,451    
K-1 Exp COMMONFUND CAPITAL PAR 21,987 17,692    
Miscellaneous 1,732     1,732
Office Supplies 2,293     2,293
State or Local Filing Fees 269     269
Storage Fee 2,178     2,178


TY 2022 OtherIncomeSchedule2
Name:
The Grass Foundation
EIN:
04-6049529
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss CFI MULTI-STRATEGY BOND FUND, LLC 95,329 95,329  
K-1 Inc/Loss CFI MULTI-STRATEGY EQUITY FUND, LLC 442,051 442,051  
K-1 Inc/Loss COMMONFUND CAPITAL PARTNERS VII LP 13,223 8,439  
K-1 Inc/Loss COMMONFUND CAPITAL PARTNERS VIII LP 3,200 3,071  
Federal Tax Refund 134    
Sec 751 Gain on Sale Subject to UBI 974    
Foreign Tax Refund 330 330  


TY 2022 OtherIncreasesSchedule
Name:
The Grass Foundation
EIN:
04-6049529
Description Amount
RETURNED GRANT 221


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TY 2022 OtherNotesLoansRcvblLongSch
Name:
The Grass Foundation
EIN:
04-6049529

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
CAVENDISH IMPACT FOUNDATION   250,000 134,615 2018-03 2023-04 INTEREST & PRINCIPAL DUE AT MATURITY 12 % NONE OPERATING EXPENSES CASH 0 250,000

TY 2022 OtherProfessionalFeesSchedule
Name:
The Grass Foundation
EIN:
04-6049529
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 110,990 110,990    
Philanthropic Consulting Srvcs 7,263     7,263
Website Development 540     540


TY 2022 TaxesSchedule
Name:
The Grass Foundation
EIN:
04-6049529
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2022 14,400      
990-PF Extension for 2021 13,800      
990-T Extension for 2021 500