Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
THE GERSTNER FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)CO BESSEMER TR 222 ROYAL PALM WA
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PALM BEACH, FL334804303
A Employer identification number

20-8559135
B Telephone number (see instructions)

(561) 655-4030
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$193,599,197J 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) 676
2 Check right arrow.............
3 Interest on savings and temporary cash investments 20,118 20,118  
4 Dividends and interest from securities... 3,303,573 3,157,131  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,543,011
b Gross sales price for all assets on line 6a 53,188,689
7 Capital gain net income (from Part IV, line 2)... 1,028,025
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
1,551,437 405,107  
12 Total. Add lines 1 through 11........ 6,418,815 4,610,381  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 470,000 100,000   370,000
14 Other employee salaries and wages...... 317,884 0   317,884
15 Pension plans, employee benefits....... 100,315 0   100,315
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
51,347 0   51,347
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
59,185 0   59,185
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
439,981 345,856   94,125
17 Interest............... 332,691 210,366   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
261,150 7,458   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 5,793 0   5,793
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,242,894 725,845   24,898
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,281,240 1,389,525   1,023,547
25 Contributions, gifts, grants paid....... 6,732,000 6,732,000
26 Total expenses and disbursements. Add lines 24 and 25 11,013,240 1,389,525   7,755,547
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,594,425
b Net investment income (if negative, enter -0-) 3,220,856
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......... 2,703,509 1,389,655 1,389,655
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) 15,886,931 Click to see attachment
List of Attached Documents:
// Content
16,486,405 		18,576,565
b Investments—corporate stock (attach schedule)....... 7,819,300 Click to see attachment
List of Attached Documents:
// Content
8,503,875 		9,334,393
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
10,653,539 		10,759,515
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).......... 135,565,476 Click to see attachment
List of Attached Documents:
// Content
114,443,193 		147,638,720
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
5,900,349 		Click to see attachment
List of Attached Documents:
// Content
5,900,349
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 161,975,216 157,377,016 193,599,197
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
84,315 		Click to see attachment
List of Attached Documents:
// Content
80,540
23 Total liabilities (add lines 17 through 22)......... 84,315 80,540
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........... 161,890,901 157,296,476
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)..... 161,890,901 157,296,476
30 Total liabilities and net assets/fund balances (see instructions). 161,975,216 157,377,016
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
161,890,901
2
Enter amount from Part I, line 27a .....................
2
-4,594,425
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
157,296,476
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
157,296,476
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b THRU K-1 BLACKSTONE REAL ESTATE PARTNERS V L.P. P    
c THRU K-1 BLACKSTONE REAL ESTATE PARTNERS VI.TE.2 L.P. P    
d THRU K-1 BLACKSTONE REAL ESTATE PARTNERS VIII.F (AV-LH) L.P. P    
e THRU K-1 BLACKSTONE REAL ESTATE PARTNERS VIII.F (AV-LH.2) L.P. P    
THRU K-1 BLACKSTONE REAL ESTATE PARTNERS VIII.F (AV-LH.4) L.P. P    
THRU K-1 BLACKSTONE REAL ESTATE PARTNERS VIII.F LP P    
THRU K-1 BLACKSTONE REAL ESTATE PARTNERS VIII.F-NQ (AV-LH.2) L.P. P    
THRU K-1 BLACKSTONE REAL ESTATE PARTNERS VIII.F-NQ (AV-LH.3) L.P. P    
THRU K-1 BLACKSTONE REAL ESTATE PARTNERS VIII.F-NQ (AV-LH.4) L.P. P    
THRU K-1 BLACKSTONE REAL ESTATE PARTNERS IX.F L.P. P    
THRU K-1 CARLYLE GLOBAL PARTNERS MASTER COINVESTMENT CAYMAN, L.P. P    
THRU K-1 CARLYLE GLOBAL PARTNERS MASTER COINVESTMENT, L.P. P    
THRU K-1 FIELDPOINT LLC P    
THRU K-1 BLACKSTONE REAL ESTATE PARTNERS (OFFSHORE) V L.P. P    
THRU K-1 BLACKSTONE REAL ESTATE PARTNERS VIII.F (AIV REIT) L.P. P    
THRU K-1 BLACKSTONE REAL ESTATE PARTNERS VIII.F (AV-LH.3) L.P. P    
THRU K-1 CARLYLE PROPERTY INVESTORS, L.P. P    
THRU K-1 GLOBAL CREDIT OPPORTUNITIES FUND LP P    
THRU K-1 WEST STREET CAP PARTNERS VIII - PARALLEL P    
SPECIAL CREDIT OPPORTUNITIES (OFFSHORE), L.P. P    
THE OBSIDIAN (OFFSHORE) FUND P    
CAPITAL GAINS DIVIDENDS P    
(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 42,217,933   48,087,161 -5,869,228
b       -162,975
c       27
d       -6,166
e       -40
      27,936
      8,067
      1,447
      -2,854
      33,682
      1,793
      1,733,509
      -72,746
      63,418
      -4,379
      -2,187
      203
      98,831
      11,481
      -289
      197,739
8,853,906   6,000,000 2,853,906
2,116,850     2,116,850
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       -5,869,228
b       -162,975
c       27
d       -6,166
e       -40
      27,936
      8,067
      1,447
      -2,854
      33,682
      1,793
      1,733,509
      -72,746
      63,418
      -4,379
      -2,187
      203
      98,831
      11,481
      -289
      197,739
      2,853,906
      2,116,850
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,028,025
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 44,770
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 44,770
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 44,770
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 159,503
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 100,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 259,503
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 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 10 214,733
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow214,733 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowFL, 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 .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowHTTPS://GERSTNER.ORG
14
The books are in care ofright arrowBESSEMER TRUST COMPANY OF FLORIDA Telephone no.right arrow (561) 655-4030

Located atright arrow222 ROYAL PALM WAYPALM BEACHFL ZIP+4right arrow334804303
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2022 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
LOUIS V GERSTNER JR TRUSTEE, CHAIRPERSON
8.00 		0 0 0
C/O BESSEMER TRUST 222 ROYAL PALM
WAY
PALM BEACH,FL334803403
DR ELIZABETH R GERSTNER TRUSTEE, VP OF PROGRAMS
8.00 		80,000 0 0
C/O BESSEMER TRUST 222 ROYAL PALM
WAY
PALM BEACH,FL334803403
BESSEMER TRUST COMPANY OF FLORIDA TRUSTEE
1.00 		0 0 0
C/O BESSEMER TRUST 222 ROYAL PALM
WAY
PALM BEACH,FL334803403
KARA V KLEIN TRUSTEE, EXECUTIVE DIRECTOR
25.00 		390,000 10,500 0
C/O BESSEMER TRUST 222 ROYAL PALM
WAY
PALM BEACH,FL334803403
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
ALICE GOH PROGRAM DIRECTOR
40.00 		178,115 14,400 0
222 ROYAL PALM WAY
PALM BEACH,FL334804303
MOLLY C GELINAS PROGRAM OFFICER
40.00 		102,500 4,800 0
222 ROYAL PALM WAY
PALM BEACH,FL334804303
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
BLACKSTONE REAL ESTATE ADVISORS LP INVESTMENT MANAGEMENT 181,775
345 PARK AVENUE SUITE 1100
NEW YORK,NY10154
THE CARLYLE GROUP INC INVESTMENT MANAGEMENT 85,044
1001 PENNSYLVANIA AVE NW STE 220 S
WASHINGTON,DC20004
PBR EXECUTIVE SEARCH EMPLOYEE RECRUITMENT SERVICES 76,625
1460 BROADWAY
NEW YORK,NY10036
GOLDMAN SACHS & CO LLC INVESTMENT MANAGEMENT 71,192
200 WEST STREET
NEW YORK,NY10282
PKF O'CONNOR DAVIES LLP TAX RETURN PREPARATION AND ACCOUNTING 59,185
245 PARK AVENUE 12TH FLOOR
NEW YORK,NY10167
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
199,893,507
b
Average of monthly cash balances.......................
1b
1,913,785
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
201,807,292
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
201,807,292
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,027,109
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
198,780,183
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
9,939,009
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
9,939,009
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
44,770
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
29,038
c
Add lines 2a and 2b............................
2c
73,808
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
9,865,201
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
9,865,201
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
9,865,201
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
7,755,547
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
7,755,547
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 9,865,201
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019...... 504,716
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........ 504,716
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 7,755,547
a Applied to 2021, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 7,755,547
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 504,716 504,716
(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 .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		1,604,938
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		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....  
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).)
LOUIS V GERSTNER JR
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2022)
Form 990-PF (2022)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ADOPT-A-FAMILY OF THE PALM BEACHES INC

1712 2ND AVENUE NORTH
LAKE WORTH,FL33460 		N/A PC EMERGENCY GRANTS PROGRAM 250,000

AID TO VICTIMS OF DOMESTIC ABUSE INC

PO BOX 6161
DELRAY BEACH,FL33460 		N/A PC EMERGENCY GRANTS PROGRAM 100,000

CATHOLIC CHARITIES OF THE DIOCESE OF PALM BEACH INC

9995 N MILITARY TRAIL
PALM BEACH GARDENS,FL33482 		N/A PC EMERGENCY GRANTS PROGRAM 20,000

CATHOLIC SCHOOL PHILANTHROPY WORKING GROUP (FISCAL SPONSOR OAK ROSE FUND)

2624 S KRAMERIA STREET
DENVER,CO10024 		N/A PC GENERAL SUPPORT 10,000

COALITION FOR THE HOMELESS INC

129 FULTON STREET
NEW YORK,NY10453 		N/A PC EMERGENCY GRANTS PROGRAM 320,000

COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK TRUSTEES OF

630 WEST 168TH STREET
NEW YORK,NY33410 		N/A PC BIOMEDICAL RESEARCH 1,000,000

COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK TRUSTEES OF

635 WEST 165TH STREET
NEW YORK,NY10022 		N/A PC BIOMEDICAL RESEARCH 75,000

CORNELL UNIVERSITY

377 PINE TREE ROAD
ITHACA,NY17940 		N/A PC TRUSTEE GIFT 20,000

CRISTO REY BROOKLYN HIGH SCHOOL

710 E 37TH STREET
BROOKLYN,NY10038 		N/A PC EDUCATION - SCHOLARSHIP PROGRAM 180,000

CRISTO REY NEW YORK HIGH SCHOOL

112 E 106TH STREET
NEW YORK,NY10032 		N/A PC EDUCATION - SCHOLARSHIP PROGRAM 180,000

DIOCESE OF PALM BEACH (OFFICE OF CATHOLIC SCHOOLS)

9995 N MILITARY TRAIL
PALM BEACH GARDENS,FL10601 		N/A PC EDUCATION - SCHOLARSHIP PROGRAM 105,000

DIOCESE OF PALM BEACH (OFFICE OF CATHOLIC SCHOOLS)

9995 N MILITARY TRAIL
PALM BEACH GARDENS,FL11797 		N/A PC EDUCATION - SCHOLARSHIP PROGRAM 297,000

DISASTER SERVICES CORPORATION- SOCIETY OF ST VINCENT DE PAUL USA

511 E JOHN CARPENTER FREEWAY SUITE
500
IRVING,TX10031 		N/A PC EMERGENCY GRANTS PROGRAM 25,000

FAMILY PROMISE INC

71 SUMMIT AVENUE
SUMMIT,NJ11203 		N/A PC EMERGENCY GRANTS PROGRAM 500,000

FAMILYAID BOSTON INC

727 ATLANTIC AVENUE
BOSTON,MA10029 		N/A PC EMERGENCY GRANTS PROGRAM 350,000

FOUNDATIONS AND DONORS INTERESTED IN CATHOLIC ACTIVITIES (FADICA)

4201 CONNECTICUT AVENUE NW
WASHINGTON,DC03755 		N/A PC ANNUAL DUES 10,000

GOOD SHEPHERD SERVICES

305 7TH AVENUE
NEW YORK,NY20008 		N/A PC EMERGENCY GRANTS PROGRAM 200,000

HAVENS RELIEF FUND SOCIETY

475 RIVERSIDE DRIVE
NEW YORK,NY02111 		N/A POF EMERGENCY GRANTS PROGRAM 275,000

HOMESTART INC

105 CHAUNCY STREET
BOSTON,MA02111 		N/A PC EMERGENCY GRANTS PROGRAM 80,000

LEGAL SERVICES OF THE HUDSON VALLEY

90 MAPLE AVENUE
WHITE PLAINS,NY02111 		N/A PC EMERGENCY GRANTS PROGRAM 175,000

MASSACHUSETTS INSTITUTE OF TECHNOLOGY

77 MASSACHUSETTS AVENUE
CAMBRIDGE,MA10001 		N/A PC ENVIRONMENTAL RESEARCH 75,000

MASSACHUSETTS INSTITUTE OF TECHNOLOGY

77 MASSACHUSETTS AVENUE
CAMBRIDGE,MA10115 		N/A PC ENVIRONMENTAL RESEARCH 75,000

METROPOLITAN NEW YORK COORDINATING COUNCIL ON JEWISH POVERTY

77 WATER STREET 26TH FLOOR
NEW YORK,NY02111 		N/A PC EMERGENCY GRANTS PROGRAM 150,000

PART OF THE SOLUTION

2759 WEBSTER AVENUE
BRONX,NY02114 		N/A PC EMERGENCY GRANTS PROGRAM 180,000

PROJECT HOPE BOSTON LITTLE SISTERS OF THE ASUMPTION FAMILY HEALTH SERVICES

550 DUDLEY STREET
ROXBURY,MA10003 		N/A PC EMERGENCY GRANTS PROGRAM 50,000

SAFE HORIZON INC

2 LAFAYETTE STREET
NEW YORK,NY02114 		N/A PC EMERGENCY GRANTS PROGRAM 350,000

SANCTUARY FOR FAMILIES INC

PO BOX 1406
NEW YORK,NY02139 		N/A PC EMERGENCY GRANTS PROGRAM 200,000

SHOREFRONT YM-YWHA OF BRIGHTON- MANHATTAN BEACH INC

3300 CONEY ISLAND AVENUE
BROOKLYN,NY02139 		N/A PC EMERGENCY GRANTS PROGRAM 10,000

ST CHRISTOPHERS CATHOLIC CHURCH

12001 SE FEDERAL HIGHWAY
HOBE SOUND,FL02119 		N/A PC EMERGENCY GRANTS PROGRAM 5,000

THE DOOR

121 AVENUE OF THE AMERICAS
NEW YORK,NY10005 		N/A PC EMERGENCY GRANTS PROGRAM 40,000

THE JEWISH BOARD OF FAMILY AND CHILDREN'S SERVICES INC

135 WEST 50TH STREET 6TH FLOOR
NEW YORK,NY10033 		N/A PC EMERGENCY GRANTS PROGRAM 125,000

TRUSTEES OF DARTMOUTH COLLEGE

6066 DEVELOPMENT OFFICE
HANOVER,NH33410 		N/A PC EMERGENCY GRANTS PROGRAM 1,200,000

WESTCHESTER COMMUNITY COLLEGE

HARTFORD HARTFORD HALL
VALHALLA,NY10458 		N/A PC EMERGENCY GRANTS PROGRAM 100,000
Total .................................right arrow 3a 6,732,000
bApproved for future payment

COLUMBIA UNIVERSITY
635 WEST 165TH STREET
NEW YORK,NY10032 		N/A PC BIOMEDICAL RESEARCH 75,000

DARTMOUTH COLLEGE
6066 DEVELOPMENT OFFICE
HANOVER,NH03755 		N/A PC EDUCATION - SCHOLARSHIP PROGRAM 1,200,000

DIOCESE OF PALM BEACH (OFFICE OF CATHOLIC SCHOOLS)
9995 N MILITARY TRAIL
PALM BEACH GARDENS,FL33410 		N/A PC EDUCATION - SCHOLARSHIP PROGRAM 210,000

DIOCESE OF PALM BEACH (OFFICE OF CATHOLIC SCHOOLS)
9995 N MILITARY TRAIL
PALM BEACH GARDENS,FL33410 		N/A PC EDUCATION - SCHOLARSHIP PROGRAM 198,000

MASSACHUSETTS GENERAL HOSPITAL
125 NASHUA STREET SUITE 540
BOSTON,MA02114 		N/A PC BIOMEDICAL RESEARCH 100,000

MASSACHUSETTS INSTITUTE OF TECHNOLOGY
77 MASSACHUSETTS AVENUE
CAMBRIDGE,MA02139 		N/A PC ENVIRONMENTAL RESEARCH 466,139
Total ................................. right arrow 3b 2,249,139
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 20,118  
4 Dividends and interest from securities .... 901101 146,443 14 3,157,130  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 85,766  
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 474,075 18 1,068,936  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME THRU SCHEDULE K-1S 		901101 1,146,330 14 319,341  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 1,766,848 4,651,291 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
6,418,139
(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:
THE GERSTNER FAMILY FOUNDATION
EIN:
20-8559135
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX RETURN PREPARATION FEES 49,685 0   49,685
AGREED UPON PROCEDURES - CONTROLS REVIEW 9,500 0   9,500

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

TY 2022 ExpenditureResponsibilityStmt
Name:
THE GERSTNER FAMILY FOUNDATION
EIN:
20-8559135
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
HAVENS RELIEF FUND SOCIETY
  		475 RIVERSIDE DRIVE
NEW YORK,NY101150002 		2022-01-11 275,000 HELPING HANDS PROGRAM 275,000 TO THE GRANTOR'S KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED. 04/29/2022, 07/29/2022, 10/28/2022, AND 01/27/2023   N/A

TY 2022 InvestmentsCorpBondsSchedule
Name:
THE GERSTNER FAMILY FOUNDATION
EIN:
20-8559135
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBVIE INC 3.8% 03/15/2025 USD SER WI SR 233,000.000 QTY 224,484 227,273
AERCAP IRELAND CAP/GLOBA 3.5% 01/15/2025 150,000.000 QTY 140,430 142,902
AETNA INC. 2.8% 06/15/2023 SR LIEN 301,000.000 QTY 296,837 297,827
AIR LEASE CORPORATION 3.25% 03/01/2025 275,000.000 QTY 256,710 260,777
ALLY FINANCIAL INC. 5.125% 09/30/2024 USD 303,000.000 QTY 298,064 300,140
ALTRIA GROUP, INC. 4.0% 01/31/2024 USD SR LIEN S&P BBB 334,000.000 QTY 330,440 330,727
AMERICAN TOWER CORP 2.4% 03/15/2025 279,000.000 QTY 257,590 262,533
AUTONATION INC 3.5% 11/15/2024 USD SR LIEN 69,000.000 QTY 66,527 66,255
B.A.T. CAPITAL CORPORATION 3.222% 08/15/2024 USD SR 311,000.000 QTY 296,952 299,574
BANCO SANTANDER, S.A. HYBRID 06/30/2024 USD SR LIEN 200,000.000 QTY 192,136 194,500
BANK OF AMERICA CORPORATION HYBRID MTN 03/05/2024 301,000.000 QTY 298,451 299,928
BARCLAYS PLC 4.375% 09/11/2024 USD 311,000.000 QTY 295,770 303,922
BNP PARIBAS MTN 4.25% 10/15/2024 USD SUB LIEN 301,000.000 QTY 290,739 294,438
CENTERPOINT ENERGY RES 0.7% 03/02/2023 SR LIEN S&P 105,000.000 QTY 103,451 104,243
CITIGROUP INC. HYBRID 05/15/2024 USD SR LIEN CPN 304,000.000 QTY 296,798 299,723
EBAY INC. 1.9% 03/11/2025 USD SR 323,000.000 QTY 297,609 302,525
ENBRIDGE INC 2.5% 01/15/2025 USD SR 318,000.000 QTY 296,713 301,047
FISERV, INC. 2.75% 07/01/2024 USD SR LIEN 310,000.000 QTY 296,611 298,580
FOX CORP 3.05% 04/07/2025 USD SR 316,000.000 QTY 298,276 302,301
GENERAL MOTORS FINANCIAL COMPA 3.8% 04/07/2025 343,000.000 QTY 324,173 331,348
HEWLETT PACKARD ENTERPRISE COM 2.25% 04/01/2023 SR 223,000.000 QTY 220,480 221,336
HSBC HOLDINGS PLC HYBRID 08/17/2024 USD SR 314,000.000 QTY 297,977 302,627
HUMANA INC. 0.65% 08/03/2023 USD SR LIEN S&P BBB+ 309,000.000 QTY 298,318 301,022
JPMORGAN CHASE & CO. HYBRID 03/16/2024 USD SR LIEN 305,000.000 QTY 298,845 301,804
KEYBANK NATIONAL ASSOCIATION HYBRID 06/14/2024 343,000.000 QTY 334,137 334,048
KINDER MORGAN ENERGY PARTNERS, 3.45% 02/15/2023 SR 101,000.000 QTY 100,599 100,782
LLOYDS BANKING GROUP PLC HYBRID 05/11/2024 USD SR 308,000.000 QTY 298,239 302,089
MITSUBISHI UFJ FINANCIAL GROUP HYBRID 09/15/2024 314,000.000 QTY 299,022 303,107
MORGAN STANLEY HYBRID 04/05/2024 USD SR LIEN CPN 306,000.000 QTY 298,601 301,633
NEXTERA ENERGY CAPITAL 0.65% 03/01/2023 SR LIEN S&P 304,000.000 QTY 299,595 301,918
NXP BV/NXP FUNDING LLC 4.875% 03/01/2024 USD SER WI 301,000.000 QTY 297,734 298,791
ORACLE CORPORATION 2.5% 04/01/2025 USD SR 322,000.000 QTY 299,128 303,462
PHILIP MORRIS INTERNATIONAL IN 2.625% 03/06/2023 SR 301,000.000 QTY 298,670 299,829
RELX CAPITAL INC 3.5% 03/16/2023 SR LIEN 300,000.000 QTY 298,170 298,788
ROYAL BANK OF SCOTLAND GROUP P HYBRID 05/22/2024 USD 304,000.000 QTY 296,917 299,391
SABINE PASS LIQUEFACTION, LLC 5.625% 03/01/2025 298,000.000 QTY 296,358 298,551
SANTANDER UK GROUP HLGS PL HYBRID 03/15/2025 312,000.000 QTY 286,697 291,601
SIMON PROPERTY GROUP LP 2.0% 09/13/2024 USD 120,000.000 QTY 112,882 114,026
SOUTHERN COMPANY (THE) STEP 08/01/2024 USD JRSUB 199,000.000 QTY 195,804 196,590
TRANSCANADA PIPELINES LIMITED 3.75% 10/16/2023 USD SR 69,000.000 QTY 68,345 68,289
VODAFONE GROUP PUBLC LTD CO 2.95% 02/19/2023 SR LIEN 300,000.00 QTY 298,260 299,268

TY 2022 InvestmentsCorpStockSchedule
Name:
THE GERSTNER FAMILY FOUNDATION
EIN:
20-8559135
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES CMN (ABT) 1,800.000 SHARES 187,079 197,622
AIR PRODUCTS & CHEMICALS (APD) 800.000 SHARES 219,610 246,608
ALPHABET INC CLASS C (GOOG) 475.000 SHARES 41,985 42,146
AMAZON.COM INC (AMZN) 340.000 SHARES 53,587 28,560
AMEREN CORP (AEE) 220.000 SHARES 17,438 19,562
AMERICAN TOWER CORP (AMT) 884.000 SHARES 206,153 187,284
AMPHENOL CORP (APH) 165.000 SHARES 10,752 12,563
ANTA SPORTS PRODUCTS LTD 1,050 SHARES 13,900 13,771
AON PLC (AON) 43.000 SHARES 11,844 12,906
APPLE INC (AAPL) 435.000 SHARES 50,352 56,519
APTIV PLC (APTV) 85.000 SHARES 12,455 7,916
ASML HOLDING (ASML) 28.000 SHARES 13,616 15,045
AT&T INC. CMN (T) 18,100.000 SHARES 396,354 333,221
AVALONBAY COMMUNITIES INC CMN (AVB) 500.000 SHARES 73,887 80,760
BANK OF AMERICA CORP (BAC) 855.000 SHARES 24,769 28,317
BLACKROCK, INC. CMN (BLK) 400.000 SHARES 259,739 283,452
BLACKSTONE GROUP INC (BX) 105.000 SHARES 6,214 7,789
BRISTOL-MYERS SQUIBB COMPANY CMN (BMY) 5,700.000 SHARES 345,074 410,115
BROOKFIELD ASSET MANAGEMEN (BN) 150 SHARES 7,047 4,719
CANADIAN PACIFIC RAILWAY L 100 SHARES 7,096 7,457
CATERPILLAR INC (DELAWARE) CMN (CAT) 1,300.000 SHARES 246,563 311,428
CISCO SYSTEMS, INC. CMN (CSCO) 8,000.000 SHARES 355,533 381,120
COCA-COLA COMPANY (THE) CMN (KO) 4,000.000 SHARES 188,714 254,440
CONOCOPHILLIPS (COP) 3,020.000 SHARES 292,897 356,360
CONSUMER STAPLES INDEX FD (XLP) 120 SHARES 9,280 8,946
COPART INC (CPRT) 310 SHARES 17,459 18,875
COSTCO WHSL CORP NEW (COST) 11 SHARES 5,477 5,021
CVS HEALTH CORP CMN (CVS) 3,300.000 SHARES 271,656 307,527
DANAHER CORP (DHR) 64.000 SHARES 13,946 16,986
DIGITAL REALTY TRUST, INC. CMN (DLR) 1,000.000 SHARES 100,900 100,270
DOLLAR GENERAL CORP (DG) 49 SHARES 12,253 12,066
EATON CORP PLC (ETN) 1,595.000 SHARES 152,895 250,335
FIDELITY NATL INFO SVCS INC CMN (FIS) 1,500.000 SHARES 126,120 101,775
GILEAD SCIENCES CMN (GILD) 2,300.000 200,215 197,455
HEALTH CARE SELECT SPDR (XLV) 95 SHARES 13,037 12,905
HILTON WORLDWIDE HOLDINGS (HLT) 105.000 SHARES 11,502 13,267
HONEYWELL INTL INC CMN (HON) 1,200.000 SHARES 164,328 257,160
HOWMET AEROSPACE INC (HWM) 450 SHARES 16,297 17,734
INTL BUSINESS MACHINES CORP CMN (IBM) 2,900.000 SHARES 394,866 408,581
IQVIA HOLDINGS INC (IQV) 100.000 SHARES 17,496 20,489
ISHARES CHINA LRGE-CAP ETF (FXI) 240 SHARES 9,059 6,792
JOHNSON & JOHNSON CMN (JNJ) 2,000.000 SHARES 290,661 353,300
JPMORGAN CHASE & CO (JPM) 3,100.000 SHARES 292,893 415,710
JPMORGAN CHASE & CO CMN (JPM) 175.000 SHARES 26,247 23,467
KLA CORP CMN (KLAC) 600.000 SHARES 185,117 226,218
LVMH MOET HENNESSY VUITTON (LVMUY) 25.000 SHARES 14,780 18,129
MC DONALDS CORP CMN (MCD) 1,600.000 SHARES 195,536 295,154
MERCADOLIBRE INC (MELI) 10.000 SHARES 12,694 8,462
MERISOURCE BERGEN CORP (ABC) 105 SHARES 17,754 17,399
META PLATFORMS INC (FB) 75.000 SHARES 20,671 9,025
MICROSOFT CORPORATION CMN (MSFT) 2,508.000 SHARES 508,632 601,468
MOTOROLA SOLUTIONS INC (MSI) 72 17,706 18,555
NEXTERA ENERGY INC (NEE) 2,010 SHARES 171,644 168,036
NORFOLK SOUTHERN CORP CMN (NSC) 1,100.000 SHARES 246,455 271,062
NORTHROP GRUMMAN CORP (NOC) 35.000 SHARES 12,613 19,096
NVIDIA CORP (NVDA) 72.000 SHARES 19,016 10,522
ORACLE CORP (ORCL) 180 SHARES 14,672 14,713
PEPSICO INC (PEP) 125.000 SHARES 17,967 22,582
PIONEER NATURAL RESOURCES (PXD) 50.000 SHARES 5,499 11,419
PROLOGIS INC (PLD) 145 SHARES 19,470 16,345
ROSS STORES INC (ROST) 1,500.000 SHARES 140,904 174,105
S&P 500 DEP RCPTS (SPY) 25 SHARES 10,112 9,560
S&P GLOBAL INC. (SPGI) 57.000 SHARES 21,350 19,091
SALESFORCE INC CMN (CRM) 1,900.000 SHARES 394,719 251,921
SCHLUMBERGER LTD (SLB) 400 SHARES 21,500 21,384
SCHWAB CHARLES CORP NEW (SCHW) 245.000 SHARES 12,489 20,398
SERVICENOW INC (NOW) 23.000 SHARES 11,824 8,930
TAKE-2 INTERACTIVE (TTWO) 140 SHARES 17,889 14,578
TARGET CORPORATION CMN (TGT) 2,100.000 SHARES 433,023 312,984
TEXAS INSTRUMENTS INC (TXN) 2,000.000 SHARES 212,975 330,440
TEXAS INSTRUMENTS INC. CMN (TXN) 120.000 SHARES 19,046 19,826
THERMO FISHER SCIENTIFIC (TMO) 33.000 SHARES 14,454 18,172
TRANSUNION (TRU) 130 SHARES 7,669 7,377
UNION PACIFIC CORP. CMN (UNP) 58.000 SHARES 12,082 12,010
UNITEDHEALTH GROUP INC (UNH) 70.000 SHARES 23,459 37,112
VISA INC (V) 205.000 SHARES 43,404 42,590
VULCAN MATERIALS (VMC) 135.000 SHARES 24,705 23,639
WALMART INC (WMT) 2,110 SHARES 274,802 299,176
XCEL ENERGY INC. CMN (XEL) 1,700.000 SHARES 120,965 119,187
ZOETIS INC (ZTS) 105.000 SHARES 17,033 15,387

TY 2022 InvestmentsGovtObligationsSch
Name:
THE GERSTNER FAMILY FOUNDATION
EIN:
20-8559135
US Government Securities - End of Year Book Value:

16,486,405
US Government Securities - End of Year Fair Market Value:

18,576,565
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2022 InvestmentsOtherSchedule2
Name:
THE GERSTNER FAMILY FOUNDATION
EIN:
20-8559135
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACF VIII EMPLOYEE CO-INVESTMENT (NON-U.S.), L.P. AT COST 1,014,386 1,038,263
ASF VII EMPLOYEE CO-INVESTMENT, LP AT COST 544,670 828,280
BLACKROCK STRATEGIC INCOME OPPORTUNITIES-INST (BSIIX) 514,287.757 SHARES AT COST 5,129,901 4,712,783
BLACKSTONE COMMUNICATIONS PARTNER I L.P. AND AFFILIATES AT COST 11,827 19,153
BLACKSTONE MILEWAY LOGISTICS LP AT COST 771,064 792,153
BLACKSTONE REAL ESTATE PARTNERS IX AND AFFILIATES AT COST 6,267,161 9,272,728
BLACKSTONE REAL ESTATE PARTNERS V AND AFFILIATES AT COST 100,140 6,225
BLACKSTONE REAL ESTATE PARTNERS VI AND AFFILIATES AT COST 50,152 86,855
BLACKSTONE REAL ESTATE PARTNERS VIII AND AFFILIATES AT COST 849,787 5,442,028
CARLYLE GROUP FUNDS AT COST 27,295,316 39,339,902
CARLYLE PROPERTY INVESTORS, LP AT COST 3,710,242 8,353,728
FIELDPOINT LLC AT COST 9,178,754 11,675,622
GLOBAL CREDIT OPPORTUNITIES FUND, L.P. AT COST 3,187,634 2,914,035
MATRIX CAPITAL MANAGEMENT FUND (OFFSHORE) LTD. AT COST 11,000,000 12,052,737
T. ROWE PRICE CAPITAL APPRECIATION FUND I CLASS (TRAIX) 584,681,781 SHARES AT COST 15,349,224 17,376,743
TIGER GLOBAL PRIV INV PARTNERS XV FEEDER, L.P AT COST 824,953 674,721
TIGER GLOBAL, LTD AT COST 4,850,000 7,981,264
VANGUARD DIVIDEND GROWTH FUND (VDIGX) 456,743.232 SHARES AT COST 23,220,328 23,946,123
WEST STREET CAPITAL PARTNERS VIII - PARALLEL, L.P AT COST 293,256 296,883
WEST STREET GLOBAL GROWTH PARTNERS OFFSHORE FEEDER FUND, LLC AT COST 292,500 280,355
WEST STREET STRATEGIC SOLUTIONS OFFSHORE FEEDER FUND I, LLC AT COST 501,898 548,139

TY 2022 LegalFeesSchedule
Name:
THE GERSTNER FAMILY FOUNDATION
EIN:
20-8559135
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL AND ADMINISTRATIVE LEGAL COUNSEL 51,347 0   51,347


TY 2022 OtherAssetsSchedule
Name:
THE GERSTNER FAMILY FOUNDATION
EIN:
20-8559135
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INVESTMENT REDEMPTION RECEIVABLES   5,900,349 5,900,349


TY 2022 OtherExpensesSchedule
Name:
THE GERSTNER FAMILY FOUNDATION
EIN:
20-8559135
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FILING FEES 1,500 0   1,500
INFORMATION TECHNOLOGY 3,657 0   3,657
INSURANCE 12,143 0   12,143
OFFICE AND OTHER EXPENSES 2,610 0   2,610
PAYROLL PROCESSING FEES 4,988 0   4,988
OTHER INVESTMENT EXPENSES 187,031 187,301   0
OTHER DEDUCTIONS THRU SCHEDULE K-1'S 2,030,965 538,544   0


TY 2022 OtherIncomeSchedule2
Name:
THE GERSTNER FAMILY FOUNDATION
EIN:
20-8559135
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INVESTMENT INCOME 85,766 85,766 85,766
OTHER INCOME THRU SCHEDULE K-1S 1,465,671 319,341 1,465,671


TY 2022 OtherLiabilitiesSchedule
Name:
THE GERSTNER FAMILY FOUNDATION
EIN:
20-8559135
Description Beginning of Year - Book Value End of Year - Book Value
INVESTMENT COVERED CALL OPTIONS 84,315 80,540


TY 2022 OtherProfessionalFeesSchedule
Name:
THE GERSTNER FAMILY FOUNDATION
EIN:
20-8559135
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EMPLOYEE RECRUITMENT SERVICES 94,125 0   94,125
INVESTMENT MANAGEMENT AND ADVISORY 345,856 345,856   0


TY 2022 TaxesSchedule
Name:
THE GERSTNER FAMILY FOUNDATION
EIN:
20-8559135
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 175,000 0   0
FEDERAL UNRELATED BUSINESS INCOME TAX 40,000 0   0
STATE UNRELATED BUSINESS INCOME TAX 36,374 0   0
FOREIGN TAXES WITHHELD 3,415 3,415   0
FOREIGN TAXES WITHHELD THRU SCHEDULE K-1'S 6,361 4,043   0