Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 12-01-2020 , and ending 11-30-2021
Name of foundation
THE MARIE-JOSEE AND HENRY R KRAVIS
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)CO EAG 505 S FLAGLER DR NO 900
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WEST PALM BEACH, FL33401
A Employer identification number

13-3341521
B Telephone number (see instructions)

(561) 832-9292
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$62,996,727J Accounting method:
modified cash
(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) 99,277,042
2 Check bullet.............
3 Interest on savings and temporary cash investments 4,240 4,240  
4 Dividends and interest from securities... 1,198 55,640  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,982,270
b Gross sales price for all assets on line 6a 101,544,134
7 Capital gain net income (from Part IV, line 2)... 93,771,413
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 23,049 240  
12 Total. Add lines 1 through 11........ 101,287,799 93,831,533  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   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 111,130 0   111,130
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 735,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 498 8,504   498
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 846,628 8,504   111,628
25 Contributions, gifts, grants paid....... 34,374,741 34,299,741
26 Total expenses and disbursements. Add lines 24 and 25 35,221,369 8,504   34,411,369
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 66,066,430
b Net investment income (if negative, enter -0-) 93,823,029
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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......... 18,026,811 59,545,185 59,545,185
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 29,100,507 Click to see attachment5,648,563 3,451,542
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 47,127,318 65,193,748 62,996,727
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 68,800,000 20,800,000
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 68,800,000 20,800,000
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ -21,672,682 44,393,748
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... -21,672,682 44,393,748
30 Total liabilities and net assets/fund balances (see instructions). 47,127,318 65,193,748
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
-21,672,682
2
Enter amount from Part I, line 27a .....................
2
66,066,430
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
44,393,748
5
Decreases not included in line 2 (itemize) bullet
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
44,393,748
Form 990-PF (2020)
Form 990-PF (2020)
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 KKR ASSOCIATES P    
b 502 SHS ANAPLAN INC D 2020-06-29 2021-10-21
c 798 SHS ZILLOW GROUP INC D   2021-10-21
d 787 SHS AIRBNB INC D 2016-08-03 2021-07-16
e 1,691 SHS WYNN RESORTS D   2021-07-16
1,063 SHS WALT DISNEY CO D   2021-07-16
3,631 SHS ANAPLAN INC D   2021-05-21
1,549 SHS EXPEDIA GROUP INC D   2021-10-21
2,510 SHS PELOTON INTERACTIVE D   2021-05-21
1,290 SHS SQUARE INC D   2021-05-21
3,297 SHS LIVE NATION D   2021-07-16
1,691 SHS WALT DISNEY CO D   2021-05-21
1,282 COINBASE GLOBAL INC D   2021-07-29
562 SHS TESLA INC D   2021-05-21
2,118 SHS AIRBNB INC D 2016-08-03 2021-10-21
8,246 SHS ASANA INC D   2021-07-16
3,848 SHS AVALARA INC D   2021-04-14
12,508 UBER D   2021-07-16
37,335 SHS EARGO INC D 2016-12-12 2021-09-13
17,449 SHS INGERSOLL RAND INC D 2013-07-01 2021-07-28
3,348 SHS SEA LTD D   2021-07-16
37,335 SHS EARGO INC D 2016-12-12 2021-07-28
39,759 SHS DATADOG INC D   2021-11-09
27,282 SHS SNOWFLAKE GROUP INC D   2021-11-09
350,000 SHS KKR & CO INC D   2021-11-29
1,000,000 SHS KKR & CO D   2021-02-01
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 9,497   1 9,496
b 32,856   22,007 10,849
c 70,790   71,969 -1,179
d 106,481   36,682 69,799
e 177,641   142,069 35,572
191,743   117,551 74,192
207,736   120,135 87,601
252,811   124,846 127,965
255,215   71,197 184,018
257,873   64,726 193,147
261,619   142,706 118,913
292,139   174,442 117,697
301,018   1,990 299,028
330,161   60,713 269,448
358,681   113,501 245,180
538,541   60,361 478,180
561,690   23,050 538,640
579,366   416,355 163,011
766,550   250,000 516,550
863,408   142,558 720,850
894,499   44,738 849,761
1,281,808   250,000 1,031,808
7,756,922   91,182 7,665,740
10,246,949   97,494 10,149,455
26,842,221   1,330,635 25,511,586
48,105,919   3,801,813 44,304,106
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       9,496
b       10,849
c       -1,179
d       69,799
e       35,572
      74,192
      87,601
      127,965
      184,018
      193,147
      118,913
      117,697
      299,028
      269,448
      245,180
      478,180
      538,640
      163,011
      516,550
      720,850
      849,761
      1,031,808
      7,665,740
      10,149,455
      25,511,586
      44,304,106
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 93,771,413
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  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 1,304,140
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,304,140
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,304,140
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 771,304
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 750,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,521,304
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 3,723
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 213,441
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet213,441 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    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 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    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 (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-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 addressbulletN/A
    14
    The books are in care ofbulletLAURA CLARK CPA Telephone no.bullet (561) 832-9292

    Located atbullet505 S FLAGLER DR STE 900WEST PALM BEACHFL ZIP+4bullet33401
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    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
    ........bullet
    c
    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 2020?.............
    1c
     
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    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
     
     
    .........bullet
    c
    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?..........
    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?.....................
    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?
    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? .................
    Part VIII
    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
    HENRY R KRAVIS CHAIRMAN
    0.00     		0 0 0
    1345 AVENUE OF THE AMERICAS 15TH
    FLOOR
    NEW YORK,NY10105
    MARIE-JOSEE KRAVIS PRESIDENT
    0.00     		0 0 0
    1345 AVENUE OF THE AMERICAS 15TH
    FLOOR
    NEW YORK,NY10105
    LEWIS M EISENBERG TREASURER
    0.00     		0 0 0
    1345 AVENUE OF THE AMERICAS 15TH
    FLOOR
    NEW YORK,NY10105
    JAMES GOLDRICK SECRETARY
    0.00     		0 0 0
    1345 AVENUE OF THE AMERICAS 15TH
    FLOOR
    NEW YORK,NY10105
    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
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    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
    KKR FINANCIAL SERVICES COMPANY LLC ACCOUNTING/TAX SVCS 86,140
    1345 AVENUE OF THE AMERICAS 15TH
    FLOOR
    NEW YORK,NY10105
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-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 IX-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.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    26,652,857
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,952,769
    d
    Total (add lines 1a, b, and c).........................
    1d
    30,605,626
    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
    30,605,626
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    459,084
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    30,146,542
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,507,327
    Part XI
    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 X, line 6....................
    1
    1,507,327
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,304,140
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,304,140
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    203,187
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    203,187
    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 XIII, line 1 ...
    7
    203,187
    Part XII
    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
    34,411,369
    b
    Program-related investments—total from Part IX-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 V, line 8, and Part XIII, line 4
    4
    34,411,369
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    34,411,369
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 203,187
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 61,645,431
    e From 2019...... 24,740,877
    fTotal of lines 3a through e........ 86,386,308
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 34,411,369
    a Applied to 2019, 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)........     		Click to see attachment0
    d Applied to 2020 distributable amount..... 203,187
    e Remaining amount distributed out of corpus 34,208,182
    5 Excess distributions carryover applied to 2020. 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 5 120,594,490
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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) .......     		99,277,042
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		21,317,448
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 21,317,448
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-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 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    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 X, 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 XV
    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).)
    HENRY R KRAVIS
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    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
    ALZHEIMER'S ASSOCIATION
    2290 N FIRST ST SUITE 101
    SAN JOSE,CA95131     		  PC GENERAL PURPOSE 50,000
    AMERICAN FRIENDS OF BILDERBERG
    55 EAST 52ND STREET 38TH FLOOR
    NEW YORK,NY10055     		  POF GENERAL PURPOSE 25,000
    ARTSCONNECTION
    520 8TH AVE STE 321
    NEW YORK,NY10018     		  PC GENERAL PURPOSE 25,000
    ASSOCIATION TO BENEFIT CHILDREN
    419 EAST 86TH ST
    NEW YORK,NY10028     		  PC GENERAL PURPOSE 50,000
    BLK CAPITAL MANAGEMENT CORP
    32 MILL ST
    CAMBRIDGE,MA02138     		  POF GENERAL PURPOSE 50,000
    BONEFISH & TARPON TRUST
    2937 SW 2TH AVE SUITE 203
    MIAMI,FL33133     		  PC GENERAL PURPOSE 10,000
    BRETTON WOODS COMMITTEE
    1701 K ST NW SUITE 950
    WASHINGTON,DC20006     		  PC GENERAL PURPOSE 20,000
    BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDING INC
    1501 BROADWAY SUITE 2300
    NEW YORK,NY10036     		  PC GENERAL PURPOSE 275,000
    CARNEGIE HALL CORPORATION
    881 7TH AVE
    NEW YORK,NY10019     		  PC GENERAL PURPOSE 200,000
    CHEMICAL MARKETING & ECONOMICS
    928 SUMMIT AVENUE
    JERSEY CITY,NJ07307     		  PC GENERAL PURPOSE 9,800
    CHILDRENS ORCHESTRA SOCIETY
    65-03 180TH STREET
    FRESH MEADOWS,NY11365     		  PC GENERAL PURPOSE 25,000
    CLAREMONT MCKENNA COLLEGE
    500 E NINTH STREET
    CLAREMONT,CA91711     		  PC GENERAL PURPOSE 2,500,000
    CODEORG
    1501 FOURTH AVENUE NO 900
    SEATTLE,WA98101     		  PC GENERAL PURPOSE 250,000
    COLUMBIA BUSINESS SCHOOL
    3022 BROADWAY ROOM 607
    NEW YORK,NY10027     		  PC GENERAL PURPOSE 100,000
    CONGREGATION EMANU-EL OF THE CITY OF NEW YORK
    1 E 65TH ST
    NEW YORK,NY10065     		  PC GENERAL PURPOSE 25,000
    COUNCIL ON FOREIGN RELATIONS
    58 EAST 68TH STREET
    NEW YORK,NY10065     		  PC GENERAL PURPOSE 100,000
    DAVID ROCKEFELLER CENTER
    200 LAKE RD
    TARRYTOWN,NY10591     		  PC GENERAL PURPOSE 250,000
    EAGLEBROOK SCHOOL
    271 PINE NOOK ROAD PO BOX 7
    DEERFIELD,MA01342     		  PC GENERAL PURPOSE 71,000
    ENDEAVOR GLOBAL
    900 BROADWAY SUITE 301
    NEW YORK,NY10003     		  PC GENERAL PURPOSE 25,000
    ENTITLEMENTS HOW INC
    2365 HARRODSBURG ROAD NO B230
    LEXINGTON,KY40504     		  PC GENERAL PURPOSE 500,000
    FACE FOUNDATION
    972 FIFTH AVENUE
    NEW YORK,NY10075     		  PC GENERAL PURPOSE 100,000
    FRIENDS OF NOTRE-DAME DE PARIS
    1717 PENNSYLVANIA AVE NW SUITE 425
    WASHINGTON,DC20006     		  PC GENERAL PURPOSE 2,000,000
    FRIENDS OF THE HIGH LINE
    820 WASHINGTON STREET
    NEW YORK,NY10014     		  PC GENERAL PURPOSE 30,000
    GLADES ACADEMY FOUNDATION INC
    ONE NORTH CLEMATIS STREET 200
    WEST PALM BEACH,FL33401     		  PC GENERAL PURPOSE 10,000
    HARLEM CHILDREN'S ZONE
    35 EAST 125TH STREET
    NEW YORK,NY10035     		  PC GENERAL PURPOSE 50,000
    HOSPITAL FOR SPECIAL SURGERY
    535 EAST 70TH STREET
    NEW YORK,NY10021     		  PC GENERAL PURPOSE 25,000
    HUDSON FARM CLUB
    270 STANHOPE SPARTA ROAD
    ANDOVER,NJ07821     		  PC GENERAL PURPOSE 5,000
    HUDSON INSTITUTE
    1201 PENNSYLVANIA AVENUE NW SUITE
    400
    WASHINGTON,DC20004     		  PC GENERAL PURPOSE 250,000
    JAMES B LEE JR SCHOLARSHIP
    PO BOX 1366
    SOUTHAMPTON,NY11969     		  PC GENERAL PURPOSE 25,000
    JEWISH COMMUNITY RELATIONS COUNCIL OF NEW YORK
    225 WEST 34TH STREET STE 1607
    NEW YORK,NY10122     		  PC GENERAL PURPOSE 136,000
    JEWISH FEDERATION OF PALM BEACH
    1 HARVARD CIR 100
    WEST PALM BEACH,FL33409     		  PC GENERAL PURPOSE 5,000
    KENT SCHOOL
    1 MACEDONIA ROAD PO BOX 2006
    KENT,CT06757     		  PC GENERAL PURPOSE 160,000
    LINCOLN CENTER FOR THE PERFORMING ARTS
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC GENERAL PURPOSE 1,000,000
    LINCOLN CENTER THEATER
    150 WEST 65TH STREET
    NEW YORK,NY10023     		  PC GENERAL PURPOSE 25,000
    MEMORIAL SLOAN KETTERING CANCER
    1275 YORK AVENUE
    NEW YORK,NY10065     		  PC GENERAL PURPOSE 13,600,000
    NEW YORK GENOME CENTER INC
    101 AVENUE OF THE AMERICAS 7TH FL
    NEW YORK,NY10013     		  PC GENERAL PURPOSE 500,000
    NEW YORK SHAKESPEARE FESTIVAL
    425 LAFAYETTE STREET
    NEW YORK,NY10003     		  PC GENERAL PURPOSE 100,000
    PALM BEACH CIVIC ASSOCIATION
    139 N COUNTY RD 33
    PALM BEACH,FL33480     		  PC GENERAL PURPOSE 10,000
    PALM BEACH COUNTRY CLUB FOUNDATION
    760 N OCEAN BLVD
    PALM BEACH,FL33480     		  PC GENERAL PURPOSE 1,000
    PALM BEACH POLICE & FIRE FOUNDATION
    139 N COUNTY ROAD SUITE 26
    PALM BEACH,FL33480     		  PC GENERAL PURPOSE 100,000
    PALM BEACH UNITED WAY
    44 COCOANUT ROW SUITE M201
    PALM BEACH,FL33480     		  PC GENERAL PURPOSE 1,500
    PAN MASS CHALLENGE
    77 4TH AVENUE
    NEEDHAM,MA02494     		  PC GENERAL PURPOSE 5,000
    PARTNERSHIP TO END ADDICTION
    711 3RD AVENUE SUITE 500
    NEW YORK,NY10017     		  PC GENERAL PURPOSE 100,000
    PREP FOR PREP
    328 W 71ST ST
    NEW YORK,NY10023     		  PC GENERAL PURPOSE 50,000
    PS1 CONTEMPORARY ART CENTER
    22-25 JACKSON AVE
    QUEENS,NY11101     		  PC GENERAL PURPOSE 100,000
    ROCKEFELLER PHILANTHROPY ADVISORS
    6 W 48TH ST
    NEW YORK,NY10036     		  PC GENERAL PURPOSE 250,000
    SOUTHAMPTON HOSPITAL FOUNDATION
    240 MEETING HOUSE LN
    SOUTHAMPTON,NY11968     		  PC GENERAL PURPOSE 10,000
    SPARKYOUTH NYC
    444 MADISON AVE 6TH FL
    NEW YORK,NY10022     		  PC GENERAL PURPOSE 10,000
    SPONSORS FOR EDUCATIONAL OPPORTUNITY
    55 EXCHANGE PLACE
    NEW YORK,NY10005     		  PC GENERAL PURPOSE 1,719,835
    SUCCESS ACADEMY CHARTER SCHOOL
    95 PINE ST
    NEW YORK,NY10005     		  PC GENERAL PURPOSE 25,000
    TEACH FOR AMERICA
    25 BROADWAY 12TH FLOOR
    NEW YORK,NY10004     		  PC GENERAL PURPOSE 100,000
    THE FRICK COLLECTION
    1 EAST 70TH STREET
    NEW YORK,NY10021     		  PC GENERAL PURPOSE 5,000
    THE FUND FOR PARK AVENUE
    445 PARK AVE 9TH FLOOR
    NEW YORK,NY10022     		  PC GENERAL PURPOSE 2,500
    THE JOHN F KENNEDY CENTER FOR THE PERFORMING ARTS
    2700 F STREET NW
    WASHINGTON,DC20566     		  PC GENERAL PURPOSE 50,000
    THE LOOMIS CHAFFEE SCHOOL
    4 BATCHELDER RD
    WINDSOR,CT06095     		  PC GENERAL PURPOSE 100,000
    THE METROPOLITAN OPERA
    30 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC GENERAL PURPOSE 60,000
    THE MUSEUM OF MODERN ART
    11 WEST 53RD STREET
    NEW YORK,NY10019     		  PC GENERAL PURPOSE 2,633,278
    THE ROCKEFELLER UNIVERSITY
    1230 YORK AVE
    NEW YORK,NY10065     		  PC GENERAL PURPOSE 5,100,000
    THE SHINNECOCK HILLS EDUCATION
    200 TUCKAHOE ROAD
    SOUTHAMPTON,NY11968     		  PC GENERAL PURPOSE 10,000
    THE SOCIETY OF MSK
    PO BOX 27106
    NEW YORK,NY10087     		  PC GENERAL PURPOSE 75,000
    THE SOCIETY OF THE FOUR ARTS
    100 FOUR ARTS PLAZA
    PALM BEACH,FL33480     		  PC GENERAL PURPOSE 10,000
    THE STUDIO MUSEUM IN HARLEM
    144 WEST 125TH STREET
    NEW YORK,NY10027     		  PC GENERAL PURPOSE 100,000
    TROUT UNLIMITED
    PO BOX 7400
    WOOLLY BUGGER,WV25438     		  PC GENERAL PURPOSE 10,000
    TRUSTEES OF DARTMOUTH COLLEGE
    6001 PARKHURST HALL SUITE 207
    HANOVER,NH03755     		  PC GENERAL PURPOSE 50,000
    US SKI & SNOWBOARD FOUNDATION
    1 VICTORY LANE BOX 100
    PARK CITY,UT84060     		  PC GENERAL PURPOSE 50,000
    WEST PALM GOLF COMMUNITY TRUST
    525 OKEECHOBEE BLVD SUITE 1100
    WEST PALM BEACH,FL33401     		  PC GENERAL PURPOSE 1,000,000
    WHITNEY MUSEUM OF AMERICAN ART
    99 GANSEVOORT ST
    NEW YORK,NY10014     		  PC GENERAL PURPOSE 4,828
    YOUNG EISNER SCHOLARS
    3940 LAUREL CANYON BLVD 162
    STUDIO CITY,CA91604     		  PC GENERAL PURPOSE 50,000
    Total .................................bullet 3a 34,374,741
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 4,240  
    4 Dividends and interest from securities....     14 1,198  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,982,270  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aEXCISE TAX REFUND     		    01 1,955  
    bOTHER REFUND     01 21,094  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,010,757 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,010,757
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-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 XVI-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 (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    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
    2020
    Name of the organization
    THE MARIE-JOSEE AND HENRY R KRAVIS
    FOUNDATION
    Employer identification number

    13-3341521
    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, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE MARIE-JOSEE AND HENRY R KRAVIS
    FOUNDATION         		Employer identification number
    13-3341521
    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
    HENRY R KRAVIS
     
    C/O KKR CO 1345 AVENUE OF THE AMERI
     
    NEW YORK, NY10105

    		$ 99,277,042


    (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, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    THE MARIE-JOSEE AND HENRY R KRAVIS
    FOUNDATION         		Employer identification number

    13-3341521
    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
    1
    		 2,905 SHARES AIRBNB INC $ 465,068 2021-10-06
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 4,133 SHARES ANAPLAN INC $ 226,650 2021-10-06
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 8,246 SHARES ASANA INC $ 248,205 2021-04-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 1,282 SHARES COINBASE GLOBAL INC $ 298,924 2021-07-21
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 39,759 SHARES DATADOG INC $ 6,502,386 2021-11-02
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 74,670 SHARES EARGO INC $ 2,132,202 2021-09-08
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    THE MARIE-JOSEE AND HENRY R KRAVIS
    FOUNDATION         		Employer identification number

    13-3341521
    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
    1
    		 1,549 SHARES EXPEDIA GROUP INC $ 261,533 2021-10-06
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 17,449 SHARES INGERSOLL RAND INC $ 828,479 2021-06-15
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 1,350,000 SHARES KKR & CO INC $ 75,387,500 2021-11-23
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 3,297 SHARES LIVE NATION $ 285,520 2021-06-16
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 2,510 SHARES PELOTON INTERACTIVE $ 212,522 2021-05-10
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 3,348 SHARES SEA LTD $ 783,800 2021-04-01
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    THE MARIE-JOSEE AND HENRY R KRAVIS
    FOUNDATION         		Employer identification number

    13-3341521
    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
    1
    		 27,282 SHARES SNOWFLAKE INC $ 9,599,990 2021-11-03
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 1,290 SHARES SQUARE INC $ 287,683 2021-05-10
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 562 SHARES TESLA INC $ 363,237 2021-05-10
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 12,508 SHARES UBER $ 612,642 2021-06-16
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 2,754 SHARES WALT DISNEY CO $ 499,610 2021-06-16
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 1,691 SHARES WYNN RESORTS $ 211,290 2021-06-16
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    THE MARIE-JOSEE AND HENRY R KRAVIS
    FOUNDATION         		Employer identification number

    13-3341521
    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
    1
    		 798 SHARES ZILLOW GROUP INC $ 69,801 2021-10-06
    (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, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE MARIE-JOSEE AND HENRY R KRAVIS
    FOUNDATION         		Employer identification number

    13-3341521
    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, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    THE MARIE-JOSEE AND HENRY R KRAVIS
     
    FOUNDATION
    EIN:
    13-3341521
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 111,130 0   111,130

    TY 2020 DistributionFromCorpusElection
    Name:
    THE MARIE-JOSEE AND HENRY R KRAVIS
     
    FOUNDATION
    EIN:
    13-3341521
    Election:
    SIGNED: TRUST MANAGER

    TY 2020 GeneralExplanationAttachment
    Name:
    THE MARIE-JOSEE AND HENRY R KRAVIS
     
    FOUNDATION
    EIN:
    13-3341521
    Identifier Return Reference Explanation
    LOANS FROM OFFICERS, DIRECTORS, ETC. FORM 990PF, PART II LENDER: HENRY R. KRAVIS, CHAIRMANORIGINAL AMOUNT: 37,500,000BEGINNING BALANCE DUE 68,800,000ENDING BALANCE DUE 20,800,000 ------------TOTAL BEGINNING LOANS FROM OFFICERS, DIRECTORS, ETC. 68,800,000 ------------TOTAL ENDING LOANS FROM OFFICERS, DIRECTORS, ETC. 20,800,000 ------------
      FORM 990PF, PART XII, LINE 7 THE MARIE-JOSEE AND HENRY R. KRAVIS FOUNDATIONEIN: 13-3341521FISCAL YEAR ENDING: NOVEMBER 30, 2021ELECTION UNDER IRC REG. SEC. 53-4942(A)-3(C)(2)THE MARIE-JOSEE AND HENRY R. KRAVIS FOUNDATION HEREBY ELECTS TO TREAT THE PRIOR YEARS' EXCESS DISTRIBUTIONS AS DISTRIBUTIONS OUT OF CORPUS FOR THE CURRENT YEAR TO SATISFY REQUIREMENTS IMPOSED BY SECTION 170(B)(1)(F)(II).EXCESS DISTRIBUTIONS TREATED AS DISTRIBUTIONS OUT OF CORPUS: FROM 2018 61,645,431 FROM 2019 24,740,877 FROM 2020 12,890,734 TOTAL 99,277,042

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE MARIE-JOSEE AND HENRY R KRAVIS
     
    FOUNDATION
    EIN:
    13-3341521
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT IN LION & EAGLE INVESTOR II LLC: GRYPHON PARTNERS II-A LP AT COST 195,130 11,840
    INVESTMENT IN LEEDS EQUITY PRT IV LP AT COST 439,649 1,840
    INVESTMENT IN KKR ASSOCIATES HOLDINGS LP AND AFFILIATES AT COST 4,795,000 3,219,078
    INVESTMENT IN KRH COLORADO PROPERTIES, LLC AT COST 218,784 218,784

    TY 2020 OtherExpensesSchedule
    Name:
    THE MARIE-JOSEE AND HENRY R KRAVIS
     
    FOUNDATION
    EIN:
    13-3341521
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEES 498 0   498
    PORTFOLIO DEDUCTIONS - LION & EAGLE INVESTOR II LLC 0 2,854   0
    PORTFOLIO DEDUCTIONS - LEEDS EQUITY PARTNERS IV LP 0 443   0
    PORTFOLIO DEDUCTIONS - KKR ASSOCIATES RESERVE LLC 0 5,207   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE MARIE-JOSEE AND HENRY R KRAVIS
     
    FOUNDATION
    EIN:
    13-3341521
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    KKR ASSOCIATES 0 240 0
    EXCISE TAX REFUND 1,955   1,955
    OTHER REFUND 21,094   21,094


    TY 2020 TaxesSchedule
    Name:
    THE MARIE-JOSEE AND HENRY R KRAVIS
     
    FOUNDATION
    EIN:
    13-3341521
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX EXPENSE 735,000 0   0