Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
Sherman Fairchild Foundation Inc
 
% BONNIE HIMMELMAN
Number and street (or P.O. box number if mail is not delivered to street address)5454 Wisconsin Avenue Ste 1205
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chevy Chase, MD20815
A Employer identification number

13-1951698
B Telephone number (see instructions)

(301) 913-5990
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$1,005,288,454J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,172,718 1,172,718  
4 Dividends and interest from securities... 1,968,914 1,968,914  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 20,119,135
b Gross sales price for all assets on line 6a 55,274,092
7 Capital gain net income (from Part IV, line 2)... 50,352,956
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
35,275,497 3,621,664  
12 Total. Add lines 1 through 11........ 58,536,264 57,116,252  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,834,880 752,301   1,082,579
14 Other employee salaries and wages...... 294,351 120,684   173,667
15 Pension plans, employee benefits....... 425,825 174,588   251,237
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
74,438 30,520 0 43,918
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
203,858 81,578 0 122,280
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,755,880 2,274,499   481,381
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
83,072 36,317   46,755
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
3,098 3,098  
20 Occupancy.............. 214,390 87,900   126,490
21 Travel, conferences, and meetings....... 173,773 71,247   102,526
22 Printing and publications.......... 2,649 1,086   1,563
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
243,977 100,030   143,947
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,310,191 3,733,848 0 2,576,343
25 Contributions, gifts, grants paid....... 58,109,385 58,109,385
26 Total expenses and disbursements. Add lines 24 and 25 64,419,576 3,733,848 0 60,685,728
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,883,312
b Net investment income (if negative, enter -0-) 53,382,404
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 88,269,921 71,255,563 71,255,563
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 110,025,876 Click to see attachment
List of Attached Documents:
// Content
126,340,054 		104,869,716
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 515,067,510 Click to see attachment
List of Attached Documents:
// Content
514,341,282 		826,632,912
14 Land, buildings, and equipment: basis right arrow281,099
Less: accumulated depreciation (attach schedule) right arrow255,452 31,852 25,647 25,647
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
2,504,616 		Click to see attachment
List of Attached Documents:
// Content
2,504,616
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 713,395,159 714,467,162 1,005,288,454
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,504,616 		Click to see attachment
List of Attached Documents:
// Content
2,504,616
23 Total liabilities (add lines 17 through 22)......... 2,504,616 2,504,616
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 713,395,159 711,962,546
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 713,395,159 711,962,546
30 Total liabilities and net assets/fund balances (see instructions). 715,899,775 714,467,162
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
713,395,159
2
Enter amount from Part I, line 27a .....................
2
-5,883,312
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,450,699
4
Add lines 1, 2, and 3 ..........................
4
711,962,546
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
711,962,546
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a T ROWE PRICE - ST      
b T ROWE PRICE - LT      
c SECURITIES, NET HOLDINGS GAINS      
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     3,365,903 -3,365,903
b     335,635 -335,635
c 25,040,272   1,219,598 23,820,674
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -3,365,903
b       -335,635
c       23,820,674
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 50,352,956
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 742,015
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........................... 3 742,015
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- ..... 5 742,015
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 2,175,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,175,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 1,432,985
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow1,432,985 Refundedright arrow 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA, MD, NY
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowBONNIE HIMMELMAN Telephone no.right arrow (301) 913-5990

Located atright arrow5454 WISCONSIN AVE 1205Chevy ChaseMD ZIP+4right arrow20815
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2022 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
BONNIE HIMMELMAN PRESIDENT/DIRECTOR
0 		530,400 96,655 0
5454 Wisconsin Avenue Ste 1205
Chevy Chase,MD20815
WALTER F BURKE III Chief Invest. Officer/Chairman
0 		478,400 84,999 0
5454 Wisconsin Avenue Ste 1205
Chevy Chase,MD20815
BRUCE DRESNER DIRECTOR
0 		59,000 0 0
5454 Wisconsin Avenue Ste 1205
SUITE 1205
Chevy Chase,MD20815
WILL MCLEAN DIRECTOR
0 		63,000 0 0
5454 Wisconsin Avenue Ste 1205
SUITE 1205
Chevy Chase,MD20815
CAROL FOLT DIRECTOR
0 		39,000 0 0
5454 Wisconsin Avenue Ste 1205
SUITE 1205
Chevy Chase,MD20815
DALE KNOBEL DIRECTOR
0 		65,000 0 0
5454 Wisconsin Avenue Ste 1205
SUITE 1205
Chevy Chase,MD20815
JEFF HIMMELMAN Vice President/Director
0 		275,000 87,719 0
5454 Wisconsin Avenue Ste 1205
SUITE 1205
Chevy Chase,MD20815
DOROTHY KOSINSKI Director
0 		47,000 0 0
5454 Wisconsin Avenue Ste 1205
SUITE 1205
Chevy Chase,MD20815
JULIE MCLEAN TREASURER
0 		231,080 49,480 0
5454 Wisconsin Avenue Ste 1205
Chevy Chase,MD20815
RUSSEL GRANET Director
0 		47,000 0 0
5454 Wisconsin Avenue Ste 1205
Chevy Chase,MD20815
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
HEATHER BARRY STAFF
0 		155,000 39,807  
5454 WISOONSON AVENUE
CHEVY CHASE,MD20215
PAT WALLIES STAFF
0 		117,029 61,288  
5454 WISCONSIN AVENUE
CHEVY CHASE,MD20815
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
BDO USALLP audit & tax services 200,373
8401 Greensboro Drive Suite 800
MCLEAN,VA22102
Barbara Beltz Grants Consultant 93,783
5454 WISCONSIN AVENUE 1205
CHEVY CHASE,MD20815
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
104,869,716
b
Average of monthly cash balances.......................
1b
76,762,742
c
Fair market value of all other assets (see instructions)................
1c
826,632,912
d
Total (add lines 1a, b, and c).........................
1d
1,008,265,370
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
1,008,265,370
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
15,123,981
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
993,141,389
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
49,657,069
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
49,657,069
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
742,015
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
742,015
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
48,915,054
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
48,915,054
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
48,915,054
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
60,685,728
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
60,685,728
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 48,915,054
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 58,068,374
b Total for prior years:2020, 2019, 2018  
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 60,685,728
a Applied to 2021, but not more than line 2a 58,068,374
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2022 distributable amount..... 2,617,354
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		46,297,700
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022.... 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2022)
Form 990-PF (2022)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

The Metropolitan Museum of Art

1000 Fifth Avenue
New York,NY10028 		None PC Imaging and Conservation 15,000,000

University of North Carolina Chapel Hill

PO Box 309
Chapel Hill,NC27514 		None PC Chancellor's Science Scholars Program 7,500,000

California Institute of Technology

1200 East California Blvd Mail Cod
Pasadena,CA91125 		None PC SXS Program 7,357,480

California Institute of Technology

1200 East California Blvd Mail Cod
Pasadena,CA91125 		None PC Center for Quantum Precision Measurement 5,000,000

University of Southern California

3551 Trousdale Pkwy Suite 110
Los Angeles,CA90089 		None PC High-Tech Scholar Program 5,000,000

The Apollo Theater Foundation Inc

253 West 125th St
New York,NY10027 		None PC Multi-Year Program Support 2,000,000

The Frick Collection

1 East 70th St
New York,NY10021 		None PC Center for Art Conservation Campaign 1,382,500

Central Park Conservancy

14 East 60th St
New York,NY10022 		None PC Institute for Urban Parks/Capital Projects 1,000,000

Equal Justice Initiative

122 Commerce St
Montgomery,AL36104 		None PC General Support 1,000,000

California Institute of Technology

1200 East California Blvd Mail Cod
Pasadena,CA91125 		None PC SXS Computer Resources 850,000

Corporation of the Fine Arts Museums

50 Hagiwara Tean Garden Dr
San Francisco,CA94119 		None PC Arts, Diversity and Technology Initiative 833,333

Buffalo State College Foundation Inc

1300 Elmwood Ave
Buffalo,NY14222 		None PC Conservation Training Initiative 790,000

Institute of Fine Arts

1 East 78th St
New York,NY10075 		None PC Conservation Training Initiative 790,000

University of Delaware

303 Old College
Newark,DE19716 		None PC Conservation Training Initiative 790,000

The Salvation Army Territorial Headquarters

120 West 14th St
New York,NY10011 		None PC General Support 600,000

The Boys Club of New York

287 East 10th Street
New York,NY10009 		None PC HS & College access programs 500,000

The Partnership for Inner City Education

1011 First Ave Suite 1800
NY,NY10022 		None PC Partnership Schools 500,000

The Phillips Collection

1600 21st St NW
Washington,DC20009 		None PC Makeba Clay Diversity Fellowship 500,000

La Casa Norte

3533 W North Ave
Chicago,IL60647 		None PC Technololy Platform Update 301,000

The Metropolitan Museum of Art

1000 Fifth Avenue
New York,NY10028 		None PC Education in Museums 300,000

The Salvation Army

5040 North Pulaski Rd
Chicago,IL60630 		None PC Emergency Services 250,000

The Salvation Army Territorial Headquarters

25 Shawmut Rd
Canton,MA02021 		None PC Emergency Services 250,000

The Salvation Army Territorial Headquarters

2300 Martin Luther King Jr Ave SE
Washington,DC20020 		None PC Emergency Services 250,000

The Salvation Army Territorial Headquarters

120 West 14th St
New York,NY10011 		None PC Emergency Services 250,000

The Salvation Army Territorial Headquarters

2507 E 22nd St
Cleveland,OH44115 		None PC Emergency Services 250,000

NXTHVN Inc

169 Henry St
New Haven,CT06511 		None PC Stipends for Studio and Curatorial Fellows 225,000

Lafayette College

307 Markle Hall 730 High Street
Easton,PA18042 		None PC A&T Phase VI 206,770

Bates College

2 Andrews Rd
Lewiston,ME04240 		None PC A&T Phase VI 193,200

Building One Community Corp

75 Selleck St
Stamford,CT06902 		None PC Immigration Services 175,000

Wesleyan University

237 High St
Middletown,CT06459 		None PC Arts & Technology Program - Phase V 158,945

Lewis and Clark College

615 S Palatine Hill Rd
Portland,OR97219 		None PC A&T Phase VI 158,704

Beloit College

700 College St
Beloit,WI53511 		None PC A&T Phase VI 156,747

Cooper Union for the Advancement of Science & Art

30 Cooper Square 8th Floor
New York,NY10003 		None PC Arts & Technology-Phase V 140,409

Gustavus Adophus College

800 W College Ave
Saint Peter,MN56082 		None PC SEP Phase XV 125,000

Knox College

2 East South St
Galesburg,IL61401 		None PC SEP Phase XV 125,000

Tougaloo College

Office of the President 500 W Cou
Tougaloo,MI39174 		None PC 20-21 general support 125,000

St Mary's College of MD Foundation Inc

18952 E Fisher Rd
St Marys City,MD20686 		None PC SEP Phase XV 124,583

New Mexico Highlands University Foundation Inc

905 University Ave
Las Vegas,NM877014072 		None PC SEP Phas XV 106,095

Portland Art Museum

1219 Park Ave
Portland,OR97205 		None PC Small Museum Conservation - Phase IV 100,000

Rushmore Music Festival

PO Box 734
Rapid City,SD57709 		None PC Chamber Music Instruction for Teenagers 100,000

Haverford College

370 Lancaster Ave
Haverford,PA19041 		None PC Arts & Technology-Pase V 97,000

Whittier College

13406 EPhiladelphia St
Whittier,CA90608 		None PC Arts & Technology Program - Phase V 96,654

The Phillips Collection

1600 21st St NW
Washington,DC20009 		None PC Dorothy Kosinski Fund for Innovation 88,890

Agnes Scott College

141 E College Ave
Decatur,GA30030 		None PC Summer Stipend Program 82,500

The College of New Jersey Foundation Inc

PO Box 7718
Ewing,NJ08628 		None PC Summer Stipend Program 82,500

Hobart and William Smith Colleges

300 Pulteney St
Geneva,NY14456 		None PC Summer Stipend Program 82,500

Moorhouse College

830 Westview Drive SW
Atlanta,GA30314 		None PC Summer Stipend Program 82,500

Occidental College

1600 Campus Rd
Los Angeles,CA90041 		None PC Summer Stipend Program 82,500

St Olaf

1520 St Olaf Ave
Northfield,MN55057 		None PC Summer Stipend Program 82,500

Skidmore College

Office of the President 815 N Broa
Saratoga Springs,NY128661632 		None PC 20-21 general support 75,300

Building Bridges Across the River (THEARC)

1901 Mississippi Ave SE
Washington,DC20020 		None PC General Support 75,000

Hamilton College

198 College Hill Rd
Clinton,NY13323 		None PC Arts & Technology-Pase V 61,775

Dillard University

2601 Gentilly Blvd
New Orleans,LA70122 		None PC Summer Stipend Program 55,000

Airlink Inc

1023 15th St NW
Washington,DC20005 		None PC Ukraine Humanitarian Aid 50,000

Casa 0101 Inc

2102 E 1st St
Los Angeles,CA90033 		None PC General Support 50,000

Casa Familia Inc

1550 Douglas Rd Suite 280
Coral Gables,FL33134 		None PC Housing for Disabled Adults 50,000

Conspiraire Inc

1812 Centre Creek Dr Suite 110
Austin,TX78754 		None PC Musical Responses to Today's World 50,000

Deer Lake Conservancy Inc

PO Box 1139
St Croix Falls,WI54001 		None PC Operations 50,000

Feeding America

161 North Clark St Suite 700
Chicago,IL60601 		None PC USA Hunger 50,000

First United Methodish Church

410 E University Ave
Georgetown,TX78626 		None PC UMCOR-Ukraine 50,000

Friends of Catherine and Channel Lakes

3216 N Hoyne Ave
Chicago,IL60618 		None PC Improve/Maintain Water Quality Natural Ecosystem 50,000

Gala Inc Groupo De Artistas Latinoamericanos

2437 15th St NW
Washington,DC20009 		None PC GALA Hispanic Theatre 50,000

Hubbard Street Dance Chicago Inc

1658 N Milwaukee Ave 100-25838
Chicago,IL60647 		None PC General Support 50,000

Hudson Valley Shakespeare Festival Inc

PO Box 125
Garrison,NY10524 		None PC Theatre Campus 50,000

Medecins Sans Frontiers USA Inc

40 Rector St 16th Floor
New York,NY10006 		None PC Emergency Relief Fund 50,000

Museum of Fine Arts Boston

465 Huntington Ave
Boston,MA02115 		None PC Conservation Fellowship 50,000

New Mexico Highlands University Foundation Inc

Box 9000
Las Vegas,NM87701 		None PC Student Emergency Fund 50,000

Orlando Union Rescue Mission

PO Box 2791
Orlando,FL32802 		None PC Academic Support for Homeless Children 50,000

Richmond Ballet

407 E Canal St
Richmond,VA23219 		None PC General Support 50,000

Room to Read

465 California St Suite 1000
San Francisco,CA94104 		None PC Education in Historically Low-Income Communities 50,000

Spence-Chapin Services to Families and Children

410 E 92nd St 3rd Floor
New York,NY10128 		None PC Adoption services 50,000

University of Southern California

3551 Trousdale Pkwy Suite 110
Los Angeles,CA90089 		None PC Youth Violence Prevention Project 50,000

University of Southern California

3551 Trousdale Pkwy Suite 110
Los Angeles,CA90089 		None PC Peace Garden Project 50,000

University of Southern California

3551 Trousdale Pkwy Suite 110
Los Angeles,CA90089 		None PC Health Protect Project 50,000

University of Southern California

3551 Trousdale Pkwy Suite 110
Los Angeles,CA90089 		None PC The Sympothizer Trilogy 50,000

University of Southern California

3551 Trousdale Pkwy Suite 110
Los Angeles,CA90089 		None PC Virtual Production Wall 50,000

Woolly Mammoth Theatre Co

641 D Street NW
Washington,DC20004 		None PC 2022-2023 Season 50,000

Cal Ripkin Sr Foundation Inc

1427 Clarkview Rd Suite 100
Baltimore,MD21209 		None PC Youth Development Programs 30,000

Ride On Center for Kids (ROCK)

PO Box 2422
Georgetown,TX78627 		None PC Miracles in the Direct Campaign 30,000

Share Our Strength

1030 15th St NW Suite 1100 W
Washington,DC20005 		None PC No Kid Hungry Campaign 30,000

St Ann's Episcopal Church

167 Ocean Ave
Kennebunkport,ME04046 		None PC Preservation fund 30,000

Bank Street College of Education

610 W 112th St
New York,NY10025 		None PC School for Children support 25,000

Better Housing Coalition

PO Box 12117
Richmond,VA23241 		None PC Gain and Maintain Housing Stability 25,000

Dreaming Out Loud Foundation

80 M St SE
Washington,DC20003 		None PC Black Food Fund Initiative 25,000

Free Minds Book Club and Writing Workshop

1816 12th St NW
Washington,DC20009 		None PC Pre and Post Release Services Expansion 25,000

Lift Inc

999 N Capitol St NE Suite 310
Washington,DC20002 		None PC Long-Term Income Strategy 25,000

Mission Wolf

80 Sheep Creek Rd PO Box 1211
Westcliffe,CO81252 		None PC General Support 25,000

Storahtelling Lab Shul Inc

131 Vairck St Suite 921
New York,NY10013 		None PC General Support 25,000

World Learning Inc

1 Kipling Rd
Brattleboro,VT05301 		None PC Hubert Decleer Fellowship Fund 25,000

YMCA of Greater Richmond

2 W Franklin St
Richmond,VA23220 		None PC Out-of-School Time Programs 25,000

The Nicholson Project

2310 Nicholson St SE
Washington,DC20020 		None PC DC Arts Fellowship 15,000

Georgetown Caring Place

PO Box 1215
Georgetown,TX78627 		None PC Housing Assistance Program 10,000

Living Grace Canine Ranch

723 W University Ave Suite 110
Georgetown,TX78626 		None PC Senior Canine Dental Health 10,000

Onegoal

180 N Wabash Ave
Chicago,IL60601 		None PC Closing the degree divide in MA 10,000

Post Classical Ensemble Inc

5104 44th St NW
Washington,DC20016 		None PC General Support 10,000
Total .................................right arrow 3a 58,109,385
bApproved for future payment

University of Southern California
3551 Trousdale Pkwy Suite 110
Los Angeles,CA90089 		None PC High-Tech Scholar Program 0

The Apollo Theater Foundation Inc
253 West 125th St
New York,NY10027 		None PC Multi-Year Program Support 0

The Frick Collection
1 East 70th St
New York,NY10021 		None PC Center for Art Conservation Campaign 0

Equal Justice Initiative
122 Commerce St
Montgomery,AL36104 		None PC General Support 0

Corporation of the Fine Arts Museums
50 Hagiwara Tean Garden Dr
San Francisco,CA94119 		None PC Arts, Diversity and Technology Initiative 0

The Partnership for Inner City Education
1011 First Ave Suite 1800
NY,NY10022 		None PC Partnership Schools 0

Beloit College
700 College St
Beloit,WI53511 		None PC A&T Phase VI 0

Lewis and Clark College
615 S Palatine Hill Rd
Portland,OR97219 		None PC A&T Phase VI 0

Bates College
2 Andrews Rd
Lewiston,ME04240 		None PC A&T Phase VI 0

Lafayette College
307 Markle Hall 730 High Street
Easton,PA18042 		None PC A&T Phase VI 0

Skidmore College
Office of the President 815 N Broa
Saratoga Springs,NY128661632 		None PC 20-21 general support 0

Gustavus Adophus College
800 W College Ave
Saint Peter,MN56082 		None PC SEP Phase XV 0

Knox College
2 East South St
Galesburg,IL61401 		None PC SEP Phase XV 0

Tougaloo College
Office of the President 500 W Cou
Tougaloo,MI39174 		None PC 20-21 general support 0

Agnes Scott College
141 E College Ave
Decatur,GA30030 		None PC Summer Stipend Program 0

The College of New Jersey Foundation Inc
PO Box 7718
Ewing,NJ08628 		None PC Summer Stipend Program 0

Hobart and William Smith Colleges
300 Pulteney St
Geneva,NY14456 		None PC Summer Stipend Program 0

Moorhouse College
830 Westview Drive SW
Atlanta,GA30314 		None PC Summer Stipend Program 0

Occidental College
1600 Campus Rd
Los Angeles,CA90041 		None PC Summer Stipend Program 0

St Olaf
1520 St Olaf Ave
Northfield,MN55057 		None PC Summer Stipend Program 0

Dillard University
2601 Gentilly Blvd
New Orleans,LA70122 		None PC Summer Stipend Program 0

St Mary's College of MD Foundation Inc
18952 E Fisher Rd
St Marys City,MD20686 		None PC SEP Phase XV 0
Total ................................. right arrow 3b 13,100,486
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 1,172,718  
4 Dividends and interest from securities ....     14 1,968,914  
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 ..... 525990   14 35,275,497  
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990   18 20,119,135  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   58,536,264  
13Total. Add line 12, columns (b), (d), and (e)..................
13
58,536,264
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
Sherman Fairchild Foundation Inc
EIN:
13-1951698
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT AND TAX PREPARATION 200,373 80,149   120,224
401K ADMINISTRATION 3,485 1,429   2,056

TY 2022 ContractorCompensationExpln
Name:
Sherman Fairchild Foundation Inc
EIN:
13-1951698
Contractor Explanation
BDO USA LLP AUDIT AND TAX SERVICES
Barbara Beltz GRANTS CONSULTANT

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

TY 2022 DepreciationSchedule
Name:
Sherman Fairchild Foundation Inc
EIN:
13-1951698
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2022 ExplnOfNonFilingWithAGStmt
Name:
Sherman Fairchild Foundation Inc
EIN:
13-1951698
Statement:
A COPY OF FORM 990PF HAS NOT BEEN FILED WITH MARYLAND. MARYLAND ONLY REQUIRES THE 990PF BE FILED WHEN THE ORGANIZATION IS FUNDRAISING IN THE STATE.

TY 2022 InvestmentsCorpStockSchedule
Name:
Sherman Fairchild Foundation Inc
EIN:
13-1951698
Name of Stock End of Year Book Value End of Year Fair Market Value
JW CAYMAN THERAPEUTICS CO LTD 0 0
CHINA RENAISSANCE HOLDINGS LTD 200,900 66,352
MEITUAN 7,375,867 4,924,311
NU HOLDINGS LTD/CAYMAN ISLANDS 1,915,705 1,677,829
ATLASSIAN CORP PLC 177,284 772,080
AIR BNB INC 1,641,678 714,609
DOORDASH INC 2,014,600 488,200
TANSDIGM GROUP INC 309,290 312,936
ADVANCED DRAINAGE SYSTEMS INC 63,555 36,723
AIR BNB INC 9,422,728 6,495,008
ALECTOR INC 13,156 14,242
BIGCOMMERCE HOLDINGS INC 334,805 50,089
CONFLUENT INC 108,978 94,075
CROWDSTRIKE HOLDINGS INC 74,117 32,535
DOCUSIGN INC 1,132,647 315,506
DOORDASH INC. 584,648 334,759
DUOLINGO INC 197,956 137,992
FLYWIRE CORP 99,788 107,986
META PLATFORMS INC 1,382,910 2,145,662
GUARDANT HEALTH INC. 766,048 231,200
MARQETA INC 4,739,042 1,233,126
PINDUODUO INC. 9,140,982 7,515,893
ROBLOX CORP 1,919,627 569,200
SCHOLAR ROCK HOLDING CORP 30,445 7,910
SENTINELONE INC 159,799 49,898
SERVICENOW INC. 305,500 2,523,755
SNOWFLAKE INC 843,144 614,925
SUMO LOGIC INC 59,618 56,878
TELADOC HEALTH INC 39,111 21,971
UIPATH INC 1,204,390 334,095
VANGUARD INST INDEX FUND INST 14,115,347 19,509,095
VANGUARD RUSSELL 1000 2,999,984 3,308,560
VANGUARD RUSSELL 2000 3,000,000 3,215,702
ZOOM VIDEO COMMUNICATIONS INC. 2,709,809 478,177
PIMCO TOTAL RETURN FUND INST 57,256,596 46,471,227
OTHER 0 7,210
ACV AUCTIONS INC 0 0
DADA NEXUS LTD 0 0
1LIFE HEALTHCARE INC 0 0
UNITY SOFTWARE INC 0 0
TWILIO INC 0 0
ROUNDING 0 0

TY 2022 InvestmentsOtherSchedule2
Name:
Sherman Fairchild Foundation Inc
EIN:
13-1951698
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SEE ATTACHED AT COST 514,341,282 826,632,912

TY 2022 LegalFeesSchedule
Name:
Sherman Fairchild Foundation Inc
EIN:
13-1951698
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL-GENERAL 74,438 30,520   43,918


TY 2022 OtherAssetsSchedule
Name:
Sherman Fairchild Foundation Inc
EIN:
13-1951698
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
RIGHT OF USE ASSET 0 2,504,616 2,504,616


TY 2022 OtherExpensesSchedule
Name:
Sherman Fairchild Foundation Inc
EIN:
13-1951698
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TELEPHONE 8,263 3,388   4,875
POSTAGE/COPYING 12,615 5,172   7,443
INSURANCE 60,110 24,645   35,465
COMPUTER EXPENSE 145,791 59,774   86,017
OTHER EXPENSE 17,198 7,051   10,147


TY 2022 OtherIncomeSchedule2
Name:
Sherman Fairchild Foundation Inc
EIN:
13-1951698
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Partnership income(loss)-attachment 17 35,273,770 34,155,023  
Less: unrelated business income gain 0 -301,266  
Less non-ubit capital gains on line 7 0 -30,233,820  
OTHER INVESTMENT INCOME 1,727 1,727  


TY 2022 OtherIncreasesSchedule
Name:
Sherman Fairchild Foundation Inc
EIN:
13-1951698
Description Amount
OTHER 4,450,699


TY 2022 OtherLiabilitiesSchedule
Name:
Sherman Fairchild Foundation Inc
EIN:
13-1951698
Description Beginning of Year - Book Value End of Year - Book Value
LEASE LIABILITY 2,504,616 2,504,616


TY 2022 OtherProfessionalFeesSchedule
Name:
Sherman Fairchild Foundation Inc
EIN:
13-1951698
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 2,274,499 2,274,499    
GRANTS CONSULTANTS 481,381     481,381


TY 2022 TaxesSchedule
Name:
Sherman Fairchild Foundation Inc
EIN:
13-1951698
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 79,246 32,491   46,755
FILING FEES 3,826 3,826