TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 10-01-2021 , and ending 09-30-2022

Name of foundation
SHU-TUNG AND ALICE LI FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)8 VAN VOOREN DR
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
OAKLAND, NJ07436

A Employer identification number

81-4754976

B Telephone number (see instructions)

(201) 465-4336

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$54,217,599J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	1,095,952		1,095,952	1,095,952
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		211,148
b	Gross sales price for all assets on line 6a 29,709,659
7	Capital gain net income (from Part IV, line 2)...			211,148
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).......		74,415	74,415	74,415
12	Total. Add lines 1 through 11........	1,381,515		1,381,515	1,170,367
13	Compensation of officers, directors, trustees, etc.	302,772		36,750	36,750	137,554
14	Other employee salaries and wages......	381,436				333,203
15	Pension plans, employee benefits.......	42,237		238	238	28,908
16a	Legal fees (attach schedule).........		19,930			19,475
b	Accounting fees (attach schedule).......		17,822	6,238	6,238	8,020
c	Other professional fees (attach schedule)....		275,913	274,417	274,417	1,023
17	Interest...............	122		122	122
18	Taxes (attach schedule) (see instructions)...		64,052	8,403	3,403	40,462
19	Depreciation (attach schedule) and depletion...		109,575	884	884
20	Occupancy..............	77,483				62,761
21	Travel, conferences, and meetings.......	5,690				2,347
22	Printing and publications..........	168				168
23	Other expenses (attach schedule).......		126,233			109,733
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,423,433		327,052	322,052	743,654
25	Contributions, gifts, grants paid.......	0				0
26	Total expenses and disbursements. Add lines 24 and 25	1,423,433		327,052	322,052	743,654
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-41,918
b	Net investment income (if negative, enter -0-)			1,054,463
c	Adjusted net income (if negative, enter -0-)...				848,315

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	120,545	77,896	77,896
	2	Savings and temporary cash investments.........	1,147,076	1,792,420	1,789,420
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,503,981
	b	Investments—corporate stock (attach schedule).......	45,407,550	45,987,133	51,463,370
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 1,046,307
		Less: accumulated depreciation (attach schedule) 185,946	577,810	856,789	856,789
	15	Other assets (describe )	30,056	30,124	30,124
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	48,787,018	48,744,362	54,217,599
	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 )	36,507	39,201
	23	Total liabilities (add lines 17 through 22).........	36,507	39,201
		Foundations that follow FASB ASC 958, check here
		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
		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	48,750,511	48,705,161
	29	Total net assets or fund balances (see instructions).....	48,750,511	48,705,161
	30	Total liabilities and net assets/fund balances (see instructions).	48,787,018	48,744,362

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

48,750,511

Enter amount from Part I, line 27a .....................

-41,918

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

48,708,594

Decreases not included in line 2 (itemize) bullet

3,433

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

48,705,161

Form 990-PF (2021)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	400SH PALO ALTO NETWORKS INC	P	2021-07-07	2021-10-01
b	5000SH FLEXION THERAPEUTICS INC	P	2021-05-21	2021-10-11
c	500SH COMCAST CORP	P	2019-12-09	2021-10-13
d	100SH PALO ALTO NETWORKS INC	P	2021-08-10	2021-10-15
e	2000SH FLEXION THERAPEUTICS INC	P	2021-08-13	2021-10-21
	2000SH OCCIDENTIAL PETE CORP	P	2021-05-17	2021-10-21
	3000SH FLEXION THERAPEUTICS	P	2021-08-13	2021-11-03
	1000SH PFIZER INC	P	2020-02-11	2021-11-11
	100SH PALO ALTO NETWORKS INC	P	2021-08-19	2021-11-19
	1000SH OCCIDENTAL PETE CORP	P	2021-08-10	2021-11-29
	3002.8SH HUNTINGTON BANCSHARES INC	P	2021-02-02	2021-12-23
	2499.2SH HUNTINGTON BANCSHARES INC	P	2020-01-28	2021-12-23
	100SH LOCKHEED MARTIN CORP	P	2021-01-20	2022-01-06
	100SH LOCKHEED MARTIN CORP	P	2020-12-07	2022-01-20
	150SH BECTON DICKINSON CO	P	2019-11-05	2022-02-23
	100SH BECTON DICKINSON CO	P	2020-11-18	2022-02-25
	200SH INTERNATIONAL BUSINESS MACHINES	P	2020-11-16	2022-03-02
	1000SH OCCIDENTAL PETE CORP	P	2021-08-23	2022-03-02
	3000SH ANDIANT INC	P	2021-09-29	2022-06-15
	2000SH MANDIANT INC	P	2021-10-06	2022-03-29
	2000SH PARAMOUNT GLOBAL	P	2021-10-28	2022-03-29
	2000SH MANDIANT INC	P	2022-01-03	2022-04-07
	2000SH MANDIANT INC	P	2021-11-24	2022-04-21
	1000SH MANDIANT INC	P	2021-11-24	2022-04-25
	500SH STATE STR CORP	P	2019-10-18	2022-04-27
	250SH BECTON DICKINSON CO	P	2020-03-18	2022-05-11
	1000SH WELLS FARGO CO	P	2020-04-24	2022-05-11
	500SH CSX CORPORATION	P	2020-04-24	2022-06-13
	1000SH KRAFT HEINZ CO	P	2020-04-16	2022-06-13
	500SH VERIZON COMMUNICATIONS INC	P	2022-05-17	2022-06-30
	500SH ALPHABET INC	P	2020-12-28	2022-07-28
	300SH ALIBABA GROUP HLDG LTM	P	2021-07-26	2021-11-19
	160SH KYNDRYL HLDGS INC	P	2020-11-16	2021-11-29
	1000SH ATT INC	P	2021-01-22	2021-12-03
	500SH VERIZON COMMUNICATIONS	P	2021-01-22	2021-12-03
	500SH VERIZON COMMUNICATIONS	P	2021-08-05	2021-12-03
	2000SH ATT INC	P	2021-10-13	2021-12-16
	2000SH VIACOMCBS INC	P	2021-05-07	2021-12-16
	500SH VANGUARD TOTAL BOND MKT	P	2020-02-13	2022-01-28
	300SH BOEING CO	P	2021-01-20	2022-02-02
	2000SH MANDIANT INC	P	2021-08-05	2022-02-04
	3000SH MANDIANT INC	P	2021-09-23	2022-02-08
	1000SH MEREK COMPANY	P	2020-07-23	2022-02-23
	.68SH WARNER BROS DISCOVERY INC	P	2021-11-02	2022-04-21
	967SH WARNER BROS DISCOVERY INC	P	2022-02-08	2022-05-26
	1500SH PALANTIR TECHNOLOGIES INC	P	2021-12-06	2022-06-01
	1500SH PALANTIR TECHNOLOGIES INC	P	2021-05-20	2022-06-01
	2000SH VIATRIS INC	P	2021-01-28	2022-06-15
	1000SH GILEAD SCIENCES INC	P	2020-01-17	2022-06-15
	1000SH ROBLOX CORP	P	2022-02-16	2022-04-27
	1000SH ROBLOX CORP	P	2022-02-25	2022-06-16
	200SH SALES FORCE INC	P	2022-04-21	2022-06-21
	1000SH VERIZON COMMUNICATIONS INC	P	2021-09-17	2022-06-30
	1000SH VERIZON COMMUNICATIONS INC	P	2021-09-23	2022-06-30
	500SH VERIZON COMMUNICATIONS INC	P	2021-09-29	2022-06-30
	500SH VERIZON COMMUNICATIONS INC	P	2021-10-06	2022-06-30
	3000SH PARAMOUNT GLOBAL	P	2022-02-04	2022-06-30
	200SH BOEING COMPANY	P	2021-12-31	2022-07-01
	500SH ISHARES TR RUS MD CP GR ETF	P	2021-02-24	2022-07-01
	500SH VERIZON COMMUNICATIONS INC	P	2021-02-03	2022-07-08
	500SH VERIZON COMMUNICATIONS INC	P	2021-10-15	2022-07-08
	500SH VERIZON COMMUNICATIONS INC	P	2021-11-02	2022-07-08
	500SH MEDTRONIC PLC SHS	P	2020-06-10	2022-08-17
	1000SH CITIGROUP INC	P	2021-12-23	2022-08-17
	2000SH ATT INC	P	2021-08-24	2021-12-06
	1000SH ATT INC	P	2020-05-12	2021-12-03
	1000SH ATT INC	P	2020-11-04	2021-12-06
	413SH ISHARES CORE MSCI EMERGING	P	2020-10-21	2021-10-26
	68SH ISHARES CORE MSCI EMERGING	P	2020-10-21	2021-10-26
	19SH ISHARES CORE MSCI EMERGING	P	2020-10-21	2021-10-26
	736SH ISHARES CORE MSCI EMERGING	P	2020-10-21	2021-10-26
	498SH ISHARES CORE MSCI EMERGING	P	2020-10-21	2021-10-26
	1079SH ISHARES CORE MSCI EMERGING	P	2020-10-21	2021-10-26
	633SH ISHARES CORE MSCI EMERGING	P	2020-10-21	2021-10-26
	23996.22SH PIMCO HIGH YIELD FUND-INST	P	2020-03-27	2022-02-08
	150SH ISHARES CORE MSCI EUROPE ETF	P	2020-01-16	2022-05-27
	1305SH ISHARES CORE MSCI EUROPE ETF	P	2020-04-01	2022-05-27
	5363.71SH FIDELITY 500 INDEX FUND	P	2019-11-18	2022-09-26
	479SH ISHARES MSCI JAPAN ETF	P	2021-01-25	2021-10-21
	719SH ISHARES MSCI JAPAN ETF	P	2021-01-25	2021-10-21
	1413SH VANGUARD SHORT-TERM BOND ETF	P	2021-07-23	2022-01-26
	1279SH VANGUARD SHORT-TERM BOND ETF	P	2021-07-23	2022-01-26
	506.262SH FIDELITY 500 INDEX-INST PRM	P	2022-01-26	2022-05-27
	130SH VANGUARD FTSE EUROPE ETF	P	2021-10-21	2022-05-27
	1336SH VANGUARD FTSE EUROPE ETF	P	2021-10-21	2022-05-27
	50SH VANGUARD FTSE EUROPE ETF	P	2021-10-21	2022-05-27
	1565SH VANGUARD SHORT-TERM BOND ETF	P	2021-07-23	2022-06-17
	41385.859SH PGIM HIGH YIELD-R6	P	2022-06-01	2022-07-06
	1500SH ISHARES MSCI PACIFIC EX JAPAN	P	2021-01-25	2022-07-06
	1217SH VANGUARD SHORT-TERM COVERED	P	2021-07-23	2022-07-06
	1982SH ISHARES MSCI JAPAN ETF	P	2021-06-01	2022-07-06
	336SH VANGUARD FTSE EUROPE ETF	P	2021-10-21	2022-07-06
	4789SH VANGUARD FTSE EUROPE ETF	P	2021-06-01	2022-07-06
	1688.775SH FIDELITY INTL INDX-INST PRM	P	2021-12-23	2022-08-12
	13409.843SH FIDELITY INTL INDX-INST PRM	P	2021-06-01	2022-08-12
	46SH INTERNATIONAL BUSINESS MACHINE CORP	P	2020-01-21	2021-10-04
	4SH INTERNATIONAL BUSINESS MACHINE CORP	P	2019-10-17	2021-10-04
	150SH INTERNATIONAL BUSINESS MACHINE CORP	P	2020-01-13	2021-10-04
	2000SH RUNWAY GROWTH FINANCE CORP	P	2021-10-22	2021-11-26
	4000SH DUCKHORN PORTFOLIO INC	P	2021-11-24	2021-12-13
	200SH COROX CO	P	2021-09-24	2021-12-15
	500SH GLAXOSMITHKLINE PLC	P	2020-02-19	2021-11-03
	500SH GLAXOSMITHKLINE PLC	P	2020-08-24	2022-01-18
	100SH QUALCOMM INC	P	2019-10-31	2022-02-02
	250SH DUKE ENERGY CORP	P	2020-08-26	2022-02-10
	2000SH RUNWAY GROWTH FINANCE CORP	P	2022-01-28	2022-02-17
	2000SH RUNWAY GROWTH FINANCE CORP	P	2021-10-22	2022-02-17
	32SH GENERAL DYNAMICS CORP	P	2020-01-07	2022-03-08
	68SH GENERAL DYNAMICS CORP	P	2020-02-03	2022-03-08
	200SH GENERAL DYNAMICS CORP	P	2020-02-03	2022-03-23
	32SH GENERAL DYNAMICS CORP	P	2019-12-09	2022-03-07
	168SH GENERAL DYNAMICS CORP	P	2020-01-07	2022-03-07
	169SH BRISTOL MYERS SQUIBB CO	P	2020-12-17	2022-03-15
	169SH BRISTOL MYERS SQUIBB CO	P	2020-02-27	2022-03-15
	500SH DUKE ENERGY CORP	P	2020-08-26	2022-03-23
	3000SH DUCKHORN PORTFOLIO INC	P	2022-03-08	2022-04-26
	500SH BRISTOL MYERS SQUIBB CO	P	2021-02-24	2022-05-20
	500SH BRISTOL MYERS SQUIBB CO	P	2020-12-17	2022-05-20
	100SH NETFLIX INC	P	2022-01-28	2022-07-05
	500SH PAYPAL HOLDINGS INC	P	2022-02-02	2022-07-05
	24SH ORGANON CO	P	2020-02-27	2022-07-06
	.917SH WARNER BROS DISCOVERY INC	P	2021-09-24	2022-04-08
	241SH WARNER BROS DISCOVERY INC	P	2021-09-24	2022-07-06
	2000SH BROOKFIELD INFRASTRUCTURE	P	2021-05-17	2021-10-12
	3000SH HUDSON PACIFIC PROPERTIES INC	P	2021-11-04	2021-12-28
	50000 HYATT HOTELS CORP	P	2020-11-16	2021-10-15
	53000 SYCHRONY BK RETAIL	P	2020-09-16	2021-11-04
	75000 ROYAL BANK OF CANADA	P	2020-02-03	2021-11-23
	20000 GOLDMAN SACHS BK USA NY	P	2020-09-16	2021-12-20
	100000 JPMORGAN CHASE BK NA	P	2019-12-16	2021-12-01
	87000 JPMORGAN CHASE CO	P	2020-07-30	2021-12-13
	250000 JPMORGAN CHASE BK NA	P	2021-01-21	2021-12-23
	50000 BMO HARRIS BK NA	P	2021-05-18	2021-11-30
	75000 ROYAL BANK OF CANADA	P	2019-10-16	2022-03-08
	30000 COMENITY CAP BK	P	2021-03-24	2022-01-27
	125000 WELLS FARGO BK NA	P	2021-11-04	2022-03-29
	10256.41SH PUTNAM FDS TR	P	2019-10-22	2022-04-27
	45000 MAINE ST TPK AUTH REV	P	2021-01-27	2022-05-23
	50000 PORT AUTH NY NJ	P	2020-06-03	2022-05-23
	60000 PORT AUTH NY NJ	P	2020-04-02	2022-05-23
	15000 NEW JERSEY ST TPK AUTH	P	2022-09-15	2022-05-23
	50000 MORGAN STANLEY	P	2019-11-27	2022-05-23
	54000 JEFFERIES GROUP LLC	P	2020-12-09	2022-05-23
	50000 MORGAN STANLEY FINANCE LLC	P	2019-10-18	2022-05-23
	50000 DIME CMNTY BANCSHARES	P	2020-06-02	2022-05-23
	100000 WELLS FARGO BK NA	P	2021-01-21	2022-07-01
	4000 BANK OF AMERICA	P	2022-01-27	2022-07-05
	2000 RIVERNORTH FLEXIBLE	P	2021-02-24	2022-07-05
	100000 CITI GROUP INC	P	2021-02-22	2022-07-05
	35000 BANK OF CANADA	P	2021-04-20	2022-07-05
	150000 GOLDMAN SACHS BK USA	P	2021-07-07	2022-07-05
	75000 UBS AG	P	2021-05-18	2022-07-05
	75000 BOFA FIN LLC	P	2021-09-28	2022-07-05
	100000 WELLS FARGO BK NA	P	2020-02-24	2022-07-06
	90000 BARCLAYS BANK PLC	P	2021-05-18	2022-07-06
	75000 B OF A FINANCE LLC	P	2021-01-26	2022-07-27
	150000 GREAT SOUTHERN BK FSB	P	2019-10-31	2022-09-26
	15000 BMW BANK OF NA	P	2021-01-21	2022-09-26
	70000 SALLIE MAE BK	P	2020-09-24	2022-09-26
	100000 MORGAN STANLEY BK	P	2020-11-16	2022-09-26
	100000 BMW BK NA	P	2021-09-24	2022-09-27
	LORD ABBETT SHORT DURATION	P	2022-04-01	2022-05-23
	LORD ABBETT SHORT DURATION	P	2020-05-01	2022-05-23
	100000 B OF A FINANCE LLC	P	2020-12-23	2022-07-05
	21000 GOLDMAN SACHS BK	P	2022-04-01	2022-05-23
	US TREASURY NOTE	P	2021-09-08	2021-11-01
	339.778SH POLEN GROWTH FD	P	2019-12-17	2021-11-10
	500SH VANGUARD TOTAL STOCK MARKET	P	2019-12-17	2021-11-10
	36728.396SH EATON VANCE ATL CAPITAL	P	2020-02-18	2022-06-30
	38157.695SH EATON VANCE ALT CAPITAL	P	2020-01-21	2022-06-30
	41590.326SH EATON VANCE ATL CAPITAL	P	2019-12-17	2022-06-30
	1338SH INVESCO PREFERRED	P	2019-12-17	2022-06-30
	1829SH INVESCO PREFERRED	P	2021-09-08	2022-06-30
	916SH INVESCO PREFERRED	P	2021-05-28	2022-06-30
	1268SH INVESCO PREFERRED	P	2020-02-14	2022-06-30
	1309SH INVESCO PREFERRED	P	2020-01-16	2022-06-30
	4000SH INVESCO VARIABLE RATE	P	2022-06-30	2022-08-30
	18000SH ISHARES CORE US AGGREGATE BOND	P	2022-06-01	2022-08-30
	1274SH ISHARES IBOXX	P	2021-09-08	2022-06-01
	639SH ISHARES IBOXX	P	2021-05-28	2022-06-01
	860SH ISHARES IBOXX	P	2020-02-14	2022-06-01
	931SH ISHARES IBOXX	P	2020-01-16	2022-06-01
	937SH ISHARES IBOXX	P	2019-12-17	2022-06-01
	787SH ISHARES IBOXX HIGH YIELD	P	2021-09-08	2022-06-30
	395SH ISHARES IBOXX HIGH YIELD	P	2021-05-28	2022-06-30
	552SH ISHARES IBOXX HIGH YIELD	P	2020-02-14	2022-06-30
	565SH ISHARES IBOXX HIGH YIELD	P	2020-01-16	2022-06-30
	568SH ISHARES IBOXX HIGH YIELD	P	2019-12-17	2022-06-30
	2173SH ISHARES MBS ETF	P	2021-09-08	2022-06-01
	1090SH ISHARES MBS ETF	P	2021-05-28	2022-06-01
	1508SH ISHARES MBS ETF	P	2020-02-14	2022-06-01
	1571SH ISHARES MBS ETF	P	2020-01-16	2022-06-01
	1574SH ISHARES MBS ETF	P	2019-12-17	2022-06-01
	5000SH ISHARES SHORT-TERM NATL MUNI BD ETF	P	2022-06-30	2022-08-30
	686SH ISHARES TIPS BOND ETF	P	2019-12-17	2022-08-30
	320SH ISHARES TIPS BOND ETF	P	2020-02-14	2022-08-30
	680SH ISHARES TIPS BOND ETF	P	2020-01-16	2022-08-30
	438SH ISHARES 3-7 YEAR TREASURY BOND ETF	P	2021-05-28	2022-08-30
	873SH ISHARES 3-7 YEAR TREASURY BOND ETF	P	2021-09-08	2022-08-30
	599SH ISHARES 3-7 YEAR TREASURY BOND ETF	P	2020-02-14	2022-08-30
	633SH ISHARES 3-7 YEAR TREASURY BOND ETF	P	2020-01-16	2022-08-30
	637SH ISHARES 3-7 YEAR TREASURY BOND ETF	P	2019-12-17	2022-08-30
	17789.59SH LAZARD DEVELOPING MARKETS EQUITY	P	2020-02-18	2022-05-27
	16294.881SH LAZARD DEVELOPING MARKETS EQUITY	P	2020-01-21	2022-05-27
	44.737SH LAZARD DEVELOPING MARKETS EQUITY	P	2019-12-23	2022-05-27
	17325017SH LAZARD DEVELOPING MARKETS EQUITY	P	2019-12-17	2022-05-27
	23113.585SH MFS INTERNATIONAL DIVERS FD	P	2020-02-18	2022-06-30
	24407.195SH MFS INTERNATIONAL DIVERS FD	P	2020-01-21	2022-06-30
	1.076SH MFS INTERNATIONAL DIVERS FD	P	2019-12-26	2022-06-30
	273.87SH MFS INTERNATIONAL DIVERS FD	P	2019-12-26	2022-06-30
	367.983SH MFS INTERNATIONAL DIVERS FD	P	2019-12-26	2022-06-30
	25724.997SH MFS INTERNATIONAL DIVERS FD	P	2019-12-19	2022-06-30
	2000SH PIMCO 2-5 YEAR H/Y CORP	P	2022-06-30	2022-08-30
	1242SH VANECK JP MORGAN EM	P	2021-09-08	2022-06-30
	623SH VANECK JP MORGAN EM	P	2021-05-28	2022-06-30
	883SH VANECK JP MORGAN EM	P	2020-02-14	2022-06-30
	886SH VANECK JP MORGAN EM	P	2020-04-16	2022-06-30
	890SH VANECK JP MORGAN EM	P	2019-12-17	2022-06-30
	8300SH VANGUARD DIVIDEND APPRECIATION	P	2020-02-18	2022-09-23
	8392SH VANGUARD DIVIDEND APPRECIATION	P	2020-01-21	2022-09-23
	9135SH VANGUARD DIVIDEND APPRECIATION	P	2019-12-19	2022-09-23
	1500SH VANGUARD EMERGING MARKET GOVT BD ETF	P	2022-06-30	2022-08-30
	2176SH VANGUARD INTERMEDIATE TERM BD ETF	P	2019-12-17	2022-06-01
	2970SH VANGUARD INTERMEDIATE TERM BD ETF	P	2021-09-08	2022-06-01
	1490SH VANGUARD INTERMEDIATE TERM BD ETF	P	2021-05-28	2022-06-01
	2023SH VANGUARD INTERMEDIATE TERM BD ETF	P	2020-02-14	2022-06-01
	2161SH VANGUARD INTERMEDIATE TERM BD ETF	P	2020-01-16	2022-06-01
	1492SH VANGUARD SHORT TERM BOND	P	2020-01-16	2022-06-30
	1489SH VANGUARD SHORT TERM BOND	P	2019-12-17	2022-06-30
	2059SH VANGUARD SHORT TERM BOND	P	2021-09-08	2022-06-30
	1033SH VANGUARD SHORT TERM BOND	P	2021-05-28	2022-06-30
	1427SH VANGUARD SHORT TERM BOND	P	2020-02-14	2022-06-30
	6475SH VANGUARD TOTAL STK MKT	P	2019-12-17	2022-09-23
	6284SH VANGUARD TOTAL STK MKT	P	2020-02-18	2022-09-23
	6408SH VANGUARD TOTAL STK MKT	P	2020-01-21	2022-09-23
	SHORT TERM PORTION OF 1256 GAIN FROM PTP	P	2021-10-01	2021-12-31
	LONG TERM PORTION OF 1256 GAIN FROM PTP	P	2020-10-01	2021-12-31
	SHORT TERM GAIN FROM PTP	P	2021-10-01	2021-12-31
	LONG TERM LOSS FROM PTP	P	2020-10-01	2021-12-31

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	189,539	157,904	31,635
b	45,083	37,250	7,833
c	25,804	22,473	3,331
d	50,440	38,481	11,959
e	18,265	10,306	7,959
	64,555	52,981	11,574
	27,338	15,459	11,879
	49,462	36,687	12,775
	51,610	36,959	14,651
	29,627	26,743	2,884
	45,262	40,369	4,893
	37,672	26,655	11,017
	35,187	34,897	290
	37,061	36,809	252
	39,323	37,643	1,680
	26,680	24,127	2,553
	24,312	23,086	1,226
	48,359	23,783	24,576
	64,876	53,489	11,387
	43,716	35,463	8,253
	75,170	74,257	913
	44,074	35,286	8,788
	43,461	34,470	8,991
	21,549	17,235	4,314
	33,183	32,182	1,001
	61,841	56,524	5,317
	42,191	27,637	14,554
	14,517	10,742	3,775
	35,666	29,844	5,822
	25,059	25,020	39
	56,450	45,170	11,280
	41,560	58,382	-16,822
	2,628	3,697	-1,069
	22,926	29,469	-6,543
	25,130	29,334	-4,204
	25,138	28,192	-3,054
	46,804	51,425	-4,621
	58,963	80,189	-21,226
	40,849	43,275	-2,426
	60,929	67,663	-6,734
	29,085	41,144	-12,059
	45,329	55,924	-10,595
	75,103	75,355	-252
	16	17	-1
	16,755	23,420	-6,665
	12,611	28,728	-16,117
	12,611	31,182	-18,571
	20,885	28,613	-7,728
	57,374	65,499	-8,125
	30,043	78,907	-48,864
	23,865	50,175	-26,310
	32,945	39,930	-6,985
	50,376	55,113	-4,737
	50,356	55,393	-5,037
	25,024	27,782	-2,758
	25,054	27,642	-2,588
	73,978	103,971	-29,993
	26,892	40,813	-13,921
	39,046	55,224	-16,178
	24,792	27,844	-3,052
	24,802	26,703	-1,901
	24,802	26,899	-2,097
	46,561	49,557	-2,996
	52,650	60,971	-8,321
	45,947	55,855	-9,908
	22,909	29,591	-6,682
	22,973	27,641	-4,668
	26,313	22,843	3,470
	4,361	3,761	600
	1,211	1,051	160
	46,940	40,709	6,231
	31,733	27,545	4,188
	68,729	59,644	9,085
	40,329	34,985	5,344
	208,527	187,598	20,929
	7,665	7,500	165
	66,659	65,085	1,574
	682,854	583,250	99,604
	32,543	33,297	-754
	48,795	49,981	-1,186
	113,011	116,383
	102,300	105,322	-2,984
	73,251	76,435	-3,184
	7,781	8,911	-1,130
	79,893	91,579	-11,686
	2,992	3,427	-435
	119,235	128,782	-9,547
	190,789	204,860	-14,071
	61,735	75,428	-13,693
	93,502	99,750	-6,248
	104,439	118,687	-14,248
	17,283	23,037	-5,754
	246,329	319,780	-73,451
	71,925	82,598	-10,673
	571,125	576,543	-5,418
	6,628	6,393	235
	576	534	42
	21,613	20,307	1,306
	27,470	25,299	2,171
	88,080	76,640	11,440
	35,187	32,776	2,411
	21,692	21,775	-83
	23,360	20,155	3,205
	18,768	8,020	10,748
	26,047	19,899	6,148
	26,650	25,500	1,150
	26,650	25,298	1,352
	7,767	5,765	2,002
	16,506	12,022	4,484
	48,041	35,360	12,681
	8,053	5,868	2,185
	42,279	30,268	12,011
	11,759	10,522	1,237
	23,032	20,014	3,018
	53,177	39,799	13,378
	58,005	55,050	2,955
	37,869	31,262	6,607
	37,869	31,130	6,739
	18,390	37,736	-19,346
	35,279	66,965	-31,686
	800	925	-125
	22	25	-3
	3,437	6,467	-3,030
	51,299	50,000	1,299
	76,769	75,000	1,769
	50,000	50,418	-418
	53,047	53,061	-14
	72,294	75,000	-2,706
	20,000	20,000
	100,000	100,000
	87,000	87,640	-640
	250,000	254,222	-4,222
	50,000	50,000
	77,263	75,208	2,055
	29,994	30,039	-45
	125,000	126,545	-1,545
	100,000	103,990	-3,968
	45,019	45,146	-127
	50,000	50,026	-26
	60,000	60,020	-20
	15,041	15,062	-21
	32,019	35,617	-3,598
	38,874	40,157	-1,283
	42,244	50,000	-7,756
	49,732	49,881	-149
	90,194	107,289	-17,095
	84,837	100,000	-15,163
	28,989	39,554	-10,565
	82,744	102,131	-19,387
	13,522	35,000	-21,478
	137,279	149,625	-12,346
	23,169	75,000	-51,831
	43,082	72,973	-29,891
	89,494	104,422	-14,928
	65,514	90,726	-25,212
	67,344	75,000	-7,656
	146,094	150,000	-3,906
	14,889	15,031	-142
	69,224	70,339	-1,115
	94,894	99,059	-4,165
	97,024	99,663	-2,639
	3,014	3,108	-94
	494,902	508,612	-13,710
	89,114	100,000	-10,886
	20,962	21,000	-38
	200,000	200,011	-11
	175,000	104,660	70,340
	119,717	81,330	38,387
	993,136	1,062,553	-69,417
	1,031,784	1,086,731	-54,947
	1,124,602	1,135,000	-10,398
	16,567	19,997	-3,430
	22,646	27,703	-5,057
	11,342	13,801	-2,459
	15,700	19,299	-3,599
	16,208	19,851	-3,643
	91,638	88,724	2,914
	1,820,748	1,851,824	-31,076
	144,558	171,576	-27,018
	72,506	84,274	-11,768
	97,582	112,686	-15,104
	105,638	119,903	-14,265
	106,319	120,022	-13,703
	58,052	69,091	-11,039
	29,137	34,470	-5,333
	40,717	48,795	-8,078
	41,676	49,940	-8,264
	41,898	50,005	-8,107
	213,835	235,901	-22,066
	107,262	118,097	-10,835
	148,396	163,852	-15,456
	154,595	170,058	-15,463
	154,890	169,682	-14,792
	520,338	523,650	-3,312
	78,844	80,006	-1,162
	36,778	37,950	-1,172
	78,154	79,806	-1,652
	51,727	57,301	-5,574
	103,099	114,476	-11,377
	70,740	76,352	-5,612
	74,756	79,922	-5,166
	75,228	80,087	-4,859
	233,044	255,814	-22,770
	213,463	239,372	-25,909
	586	645	-59
	226,958	250,000	-23,042
	521,749	546,818	-25,069
	487,656	520,117	-32,461
	22	23	-1
	5,472	5,765	-293
	7,352	7,746	-394
	513,985	550,000	-36,015
	180,506	177,420	3,086
	30,466	37,372	-6,906
	15,282	19,285	-4,003
	21,660	27,149	-5,489
	21,733	27,352	-5,619
	21,831	27,217	-5,386
	1,153,531	1,082,640	70,891
	1,166,317	1,079,010	87,307
	1,269,579	1,134,998	134,581
	93,133	91,930	1,203
	170,812	189,929	-19,117
	233,140	268,577	-35,437
	116,962	133,349	-16,387
	158,802	180,036	-21,234
	169,635	189,686	-20,051
	114,643	120,478	-5,835
	114,412	119,993	-5,581
	158,210	169,119	-10,909
	79,374	85,105	-5,731
	109,648	115,715	-6,067
	1,191,360	1,053,224	138,136
	1,156,217	1,076,638	79,579
	1,179,032	1,079,171	99,861
	17,263		17,263
	25,895		25,895
	40,874		40,874
		3,305	-3,305

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			31,635
b			7,833
c			3,331
d			11,959
e			7,959
			11,574
			11,879
			12,775
			14,651
			2,884
			4,893
			11,017
			290
			252
			1,680
			2,553
			1,226
			24,576
			11,387
			8,253
			913
			8,788
			8,991
			4,314
			1,001
			5,317
			14,554
			3,775
			5,822
			39
			11,280
			-16,822
			-1,069
			-6,543
			-4,204
			-3,054
			-4,621
			-21,226
			-2,426
			-6,734
			-12,059
			-10,595
			-252
			-1
			-6,665
			-16,117
			-18,571
			-7,728
			-8,125
			-48,864
			-26,310
			-6,985
			-4,737
			-5,037
			-2,758
			-2,588
			-29,993
			-13,921
			-16,178
			-3,052
			-1,901
			-2,097
			-2,996
			-8,321
			-9,908
			-6,682
			-4,668
			3,470
			600
			160
			6,231
			4,188
			9,085
			5,344
			20,929
			165
			1,574
			99,604
			-754
			-1,186

			-2,984
			-3,184
			-1,130
			-11,686
			-435
			-9,547
			-14,071
			-13,693
			-6,248
			-14,248
			-5,754
			-73,451
			-10,673
			-5,418
			235
			42
			1,306
			2,171
			11,440
			2,411
			-83
			3,205
			10,748
			6,148
			1,150
			1,352
			2,002
			4,484
			12,681
			2,185
			12,011
			1,237
			3,018
			13,378
			2,955
			6,607
			6,739
			-19,346
			-31,686
			-125
			-3
			-3,030
			1,299
			1,769
			-418
			-14
			-2,706


			-640
			-4,222

			2,055
			-45
			-1,545
			-3,968
			-127
			-26
			-20
			-21
			-3,598
			-1,283
			-7,756
			-149
			-17,095
			-15,163
			-10,565
			-19,387
			-21,478
			-12,346
			-51,831
			-29,891
			-14,928
			-25,212
			-7,656
			-3,906
			-142
			-1,115
			-4,165
			-2,639
			-94
			-13,710
			-10,886
			-38
			-11
			70,340
			38,387
			-69,417
			-54,947
			-10,398
			-3,430
			-5,057
			-2,459
			-3,599
			-3,643
			2,914
			-31,076
			-27,018
			-11,768
			-15,104
			-14,265
			-13,703
			-11,039
			-5,333
			-8,078
			-8,264
			-8,107
			-22,066
			-10,835
			-15,456
			-15,463
			-14,792
			-3,312
			-1,162
			-1,172
			-1,652
			-5,574
			-11,377
			-5,612
			-5,166
			-4,859
			-22,770
			-25,909
			-59
			-23,042
			-25,069
			-32,461
			-1
			-293
			-394
			-36,015
			3,086
			-6,906
			-4,003
			-5,489
			-5,619
			-5,386
			70,891
			87,307
			134,581
			1,203
			-19,117
			-35,437
			-16,387
			-21,234
			-20,051
			-5,835
			-5,581
			-10,909
			-5,731
			-6,067
			138,136
			79,579
			99,861
			17,263
			25,895
			40,874
			-3,305

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	211,148
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 ...................		3	-264,107

Form 990-PF (2021)

Page 4

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	14,657
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	14,657
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	4,577
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	23,750
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	28,327
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	168
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	13,502
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax13,502	Refunded	11

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Yes

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

www.thelifoundation.org

The books are in care of bullet

TINA LI Telephone no. bullet

(201) 465-4336

Located at bullet

8 VAN VOOREN DROAKLANDNJ ZIP+4 bullet

07436

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

31,351

16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2021? .............

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)):

At the end of tax year 2021, did the foundation have any undistributed income (lines 6d

and 6e, Part XII) for tax year(s) beginning before 2021?....................

Yes

If "Yes," list the years bullet

2018, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2021.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

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).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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 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
SHU-TUNG LI	TRUSTEE 040.00	175,000	138
644 NAVAHO TRAIL DRIVE FRANKLIN LAKES,NJ07417	TRUSTEE 040.00	175,000	138
ALICE LI	TRUSTEE 005.00	0
644 NAVAHO TRAIL DRIVE FRANKLIN LAKES,NJ07417	TRUSTEE 005.00	0
TINA LI	TRUSTEE 040.00	127,772	4,403
295 GLEN PLACE FRANKLIN LAKES,NJ07417	TRUSTEE 040.00	127,772	4,403
PEGGY HANSEN	TRUSTEE 001.00	0
9 BIRCH ROAD MAHWAH,NJ07430	TRUSTEE 001.00	0

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
WEI CHANG	SCIENTIST 040.00	84,833	2,999
20-16 CALYNE DR FAIR LAWN,NJ07410	SCIENTIST 040.00	84,833	2,999
NAHID OKANOVIC	FACILITY MANAGER 040.00	101,923	3,001
295 GLEN PLACE FRANKLIN LAKES,NJ07417	FACILITY MANAGER 040.00	101,923	3,001
KEVIN CAPARINO	SCIENTIST 040.00	73,395	2,249
919 BOULEVARD APT A NEW MILFORD,NJ07646	SCIENTIST 040.00	73,395	2,249




Total number of other employees paid over $50,000...................

Form 990-PF (2021)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation

Total number of others receiving over $50,000 for professional services............. bullet

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	THE SHU-TUNG AND ALICE LI FOUNDATION, LABORATORY FOR TISSUE ENGINEERING RESEARCH, IS DEDICATED TO THE RESEARCH AND TRANSLATIONAL DEVELOPMENT OF TISSUE EQUIVALENT PRODUCTS TO ADVANCE REGENERATIVE TREATMENT OF DIFFICULT TO HEAL TISSUES AND ORGANS.	743,654
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	NONE
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2021)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

51,463,370

Average of monthly cash balances.......................

1,468,248

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

52,931,618

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

52,931,618

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

793,974

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

52,137,644

Minimum investment return. Enter 5% (0.05) of line 5................

2,606,882

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.)

Minimum investment return from Part IX, line 6..................

Tax on investment income for 2021 from Part V, line 5.......

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:2018, 20, 20			13,639
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........
4Qualifying distributions for 2021 from Part
XI, line 4: $
a Applied to 2020, 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 2021 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2021.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....

Form 990-PF (2021)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total
	848,315	648,946	499,145		1,996,406
b 85% (0.85) of line 2a .........	721,068	551,604	424,273		1,696,945
c Qualifying distributions from Part XI, line 4 for each year listed .....	971,014	556,135	642,016		2,169,165
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 ....	971,014	556,135	642,016		2,169,165
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......	54,221,171	51,425,849	49,485,684		155,132,704
(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 ..	1,737,921	1,668,995	1,701,829		5,108,745
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2021)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a

bApproved for future payment

Total ................................. 3b

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			14	211,148
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INVESTMENT INCOME			14		74,415
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				211,148	1,170,367

13Total. Add line 12, columns (b), (d), and (e)..................

1,381,515

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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.)
4	ALL INVESTMENT INCOME IS ALLOCATED TO THE FOUDATIONS EXEMPT FUNCTION OF TISSUE ENGINEERING.
8	ALL INVESTMENT INCOME IS ALLOCATED TO THE FOUDATIONS EXEMPT FUNCTION OF TISSUE ENGINEERING.
11	ALL INVESTMENT INCOME IS ALLOCATED TO THE FOUDATIONS EXEMPT FUNCTION OF TISSUE ENGINEERING.

Form 990-PF (2021)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:	21013554
Software Version:	21.0.5.0
Part VI Line 7 - Tax Paid with the Original Return:	28,327

Form 990PF - Special Condition Description:

Special Condition Description

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
OFFICE CLEANING AND SUPPLIES	4,420	3,580
OFFICE SUPPLIES EXPENSES	6,269	4,075
REPAIRS AND MAINTENANCE	8,933	7,236
COMPUTER SOFTWARE	59
WEBSITE AND INTERNET SERVICES	3,381	2,198
SUPPLIES	4,932	3,206
TELEPHONE	7,658	4,978
VIDEO CONFERENCING	320	208
POSTAGE AND MAILING	54
COMPUTER ACCESSORIES	794
INSURANCE	14,007	11,346
PERMITS	90
NJ ANNUAL REPORT FEES	30
LAB SAFETY MATERIALS	1,242	1,242
LAB CHEMICALS	15,396	15,396
LAB RAW MATERIALS	1,313	1,313
LAB SMALL TOLLS	6,028	6,028
LAB EQUIPMENT RENTALS	2,360	2,330
LAB ACCESSORIES	10,230	10,230
LAB SUPPLIES	7,502	7,502
DUES AND MEMBERSHIPS	1,113	1,113
AMORTIZATION	1,962	1,962
UTILITIES	10,446	8,461
CASH REWARDS - CREDIT CARD	-5,732
MEALS	7,631	4,960
MOVING EXPENSES	3,058	1,988
SECURITY	450	365
EQUIPMENT RENTAL AND MAINTENANCE	996
TRASH AND RECYCLING	869	565
SUNDRY EXPENSES	2,175	1,414
GIFTS	210
LAB EQUIPMENT REPAIRS	2,500	2,500
LAB SOFTWARE	369	369
TRAINING AND EDUCATION	5,168	5,168

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Section 1231 Loss from PTP	-104	-104	-104
Other investiment Income from PTP	61,921	61,921	61,921
Operting Loss Income from PTP	-2,895	-2,895	-2,895
Section 751 Gain from PTP	15,493	15,493	15,493

Description	Beginning of Year - Book Value	End of Year - Book Value
CREDIT CARD PAYABLE	19,106	19,538
PAYROLL TAXES PAYABLE	17,401	19,663

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES	274,394	274,394	274,394
ADR FEES	23	23	23
RETIREMENT PLAN ACTUARY	1,496			1,023

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PAYROLL TAXES	58,808	3,159	3,159	40,462
FEDERAL INCOME TAX	5,000	5,000
FOREIGN TAXES PAID ON DIVIDENDS	244	244	244