Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 09-01-2021 , and ending 08-31-2022
Name of foundation
THE LEE AND JULIET FOLGER FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)1320 OLD CHAIN BRIDGE RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MCLEAN, VA22101
A Employer identification number

52-0794388
B Telephone number (see instructions)

(703) 847-1350
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$23,900,385J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 3,614 3,614  
4 Dividends and interest from securities... 449,798 449,798  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,434,770
b Gross sales price for all assets on line 6a 1,944,160
7 Capital gain net income (from Part IV, line 2)... 1,434,770
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).......      
12 Total. Add lines 1 through 11........ 1,888,182 1,888,182  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,334 0   0
b Accounting fees (attach schedule)....... Click to see attachment 2,000 0   0
c Other professional fees (attach schedule).... Click to see attachment 155,220 15,522   139,698
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,989 2,989   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 15,144 13,797   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 177,687 32,308   139,698
25 Contributions, gifts, grants paid....... 619,500 619,500
26 Total expenses and disbursements. Add lines 24 and 25 797,187 32,308   759,198
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,090,995
b Net investment income (if negative, enter -0-) 1,855,874
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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......... 1,408,734 3,042,080 3,042,080
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 6,885,907 Click to see attachment6,348,100 20,159,242
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 181,800 Click to see attachment177,256 699,063
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,476,441 9,567,436 23,900,385
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 bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 8,476,441 9,567,436
29 Total net assets or fund balances (see instructions)..... 8,476,441 9,567,436
30 Total liabilities and net assets/fund balances (see instructions). 8,476,441 9,567,436
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
8,476,441
2
Enter amount from Part I, line 27a .....................
2
1,090,995
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
9,567,436
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
9,567,436
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICALY TRADED SECURITIES      
b TOTAL CAPITAL GAIN DISTRIBUTIONS FROM MUTUAL FUNDS AND ETF'S P    
c TOTAL CAPITAL GAIN DISTRIBUTIONS FROM MUTUAL FUNDS AND ETF'S P    
d TOTAL LONG-TERM COMMON TRUST FUND, PARTNERSHIP, S CORP GAIN OR LOSS P    
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 1,944,160   524,847 1,419,313
b       5,700
c       1,566
d       8,191
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       1,419,313
b       5,700
c       1,566
d       8,191
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,434,770
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 (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 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 25,797
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 25,797
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 49,660
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 49,660
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 23,863
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet23,863 RefundedBullet 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. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDC, VA
    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 2021 or the taxable year beginning in 2021? 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 (2021)
    Form 990-PF (2021)
    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 addressbulletN/A
    14
    The books are in care ofbulletANNE L STONE & ASSOCIATES LLC Telephone no.bullet (703) 847-1350

    Located atbullet1320 OLD CHAIN BRIDGE RD SUITE 425MCLEANVA ZIP+4bullet22101
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    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)
     
    No
    (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
    ........bullet
    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 2021? .............
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    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
    .........bullet
    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
    LEE M FOLGER PRESIDENT
    2.00     		0 0 0
    1320 OLD CHAIN BRIDGE RD 425
    MCLEAN,VA22101
    JULIET C FOLGER TREASURER, SECRETARY, V. P
    2.00     		0 0 0
    1320 OLD CHAIN BRIDGE RD 425
    MCLEAN,VA22101
    CECILY C COLBURN VICE PRESIDENT
    1.00     		0 0 0
    1320 OLD CHAIN BRIDGE RD 425
    MCLEAN,VA22101
    LEITER C COLBURN VICE PRESIDENT
    1.00     		0 0 0
    1320 OLD CHAIN BRIDGE RD 425
    MCLEAN,VA22101
    OLIVIA M COLBURN VICE PRESIDENT
    1.00     		0 0 0
    1320 OLD CHAIN BRIDGE RD 425
    MCLEAN,VA22101
    RORY COLBURN VICE PRESIDENT
    1.00     		0 0 0
    1320 OLD CHAIN BRIDGE RD 425
    MCLEAN,VA22101
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    MOLLY MANDERFIELD GRANT ADMINISTRATION 155,220
    725 FIFTEENTH ST NW 3RD FLOOR
    WASHINGTON,DC20005
    Total number of others receiving over $50,000 for professional services.............bullet0
    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.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    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
    22,904,939
    b
    Average of monthly cash balances.......................
    1b
    2,823,890
    c
    Fair market value of all other assets (see instructions)................
    1c
    609,744
    d
    Total (add lines 1a, b, and c).........................
    1d
    26,338,573
    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
    26,338,573
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    395,079
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    25,943,494
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,297,175
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    1,297,175
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    25,797
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    25,797
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,271,378
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,271,378
    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
    1,271,378
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 1,271,378
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 8,350,424
    b From 2017...... 3,887,347
    c From 2018...... 4,490,793
    d From 2019...... 927,841
    e From 2020...... 4,986,238
    f Total of lines 3a through e ........ 22,642,643
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 759,198
    a Applied to 2020, 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 2021 distributable amount..... 759,198
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 512,180 512,180
    (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 22,130,463
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		7,838,244
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		14,292,219
    10 Analysis of line 9:
    a Excess from 2017.... 3,887,347
    b Excess from 2018.... 4,490,793
    c Excess from 2019.... 927,841
    d Excess from 2020.... 4,986,238
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN FOREIGN POLICY COUNCIL
    509 C STREET NE
    WASHINGTON,DC20002     		NONE PUBLIC CHARITY CHAIRMAN'S DISCRETIONARY FUND 10,000
    AMERICAN RED CROSS
    8550 ARLINGTON BOULEVARD
    FAIRFAX,VA22031     		NONE PUBLIC CHARITY HUMANITARIAN ASSISTANCE FOR UKRANIAN REFUGEES 10,000
    AMERICAN RED CROSS NATIONAL CAPITAL CHAPTER
    8550 ARLINGTON BOULEVARD
    FAIRFAX,VA22031     		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSES 25,000
    AMERICAN RED CROSS NATIONAL CAPITAL CHAPTER
    8550 ARLINGTON BOULEVARD
    FAIRFAX,VA22031     		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSES 10,000
    BATH & TENNIS HISTORIC BUILDING PRESERVATION FOUNDATION INC
    1170 S OCEAN BLVD
    PALM BEACH,FL33480     		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSES 5,000
    BAYLOR SCHOOL
    171 BAYLOR SCHOOL ROAD
    CHATTANOOGA,TN37405     		NONE PUBLIC CHARITY HERBIE OAKES CLASS OF '64 MEMORIAL 50,000
    BOYS AND GIRLS CLUBS OF PALM BEACH COUNTY INC
    800 NORTHPOINTE PKWY SUITE 204
    WEST PALM BEACH,FL33407     		NONE PUBLIC CHARITY GRANT IN SUPPORT OF THE APRIL GALA 50,000
    CENTER FOR STRATEGIC & INTERNATIONAL STUDIES
    1616 RHODE ISLAND AVENUE NW
    WASHINGTON,DC20036     		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSE 15,000
    DULIN UNITED METHODIST CHURCH
    513 E BROAD STREET
    FALLS CHURCH,VA22046     		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSES, IN MEMORY OF DESSAU PAYNE 5,000
    FEDERAL CITY COUNCIL
    1310 L STREET NW SUITE 325
    WASHINGTON,DC20005     		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSES 15,000
    FOLGER SHAKESPEARE LIBRARY AMHERST COLLEGE TRUSTEES
    201 EAST CAPITOL STREET SE
    WASHINGTON,DC20003     		NONE PUBLIC CHARITY DIRECTOR'S CIRCLE 10,000
    FOLGER SHAKESPEARE LIBRARY AMHERST COLLEGE TRUSTEES
    201 EAST CAPITOL STREET SE
    WASHINGTON,DC20003     		NONE PUBLIC CHARITY GRANT IN SUPPORT OF THE 2022 GALA 10,000
    FREE TO CHOOSE NETWORK
    2002 FILMORE AVENUE
    ERIE,PA16506     		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSES 1,000
    FREE TO CHOOSE NETWORK
    2002 FILMORE AVENUE
    ERIE,PA16506     		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSES 5,000
    GEORGE WASHINGTON UNIVERSITY HEART AND VASCULAR INSTITUTE
    2150 PENNSYLVANIA AVE NW SUITE
    4-423
    WASHINGTON,DC20016     		NONE PUBLIC CHARITY PROJECT FOR BLOOD PRESSURE DEVICES 25,000
    GREATER WASHINGTON TELECOMMUNICATIONS ASSOCIATION (WETA)
    3939 CAMPBELL AVENUE
    ARLINGTON,VA22206     		NONE PUBLIC CHARITY PROGRAMS ON TV AND CLASSICAL RADIO 10,000
    HARVARD COLLEGE PRESIDENT AND FELLOWS
    1033 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA02138     		NONE PUBLIC CHARITY DEPARTMENT OF HISTORY IN SUPPORT OF RESEARCH EFFORTS OF DR. ANDREW GORDAN 10,000
    HILLWOOD ESTATE MUSEUM & GARDEN
    4155 LINNEAN AVENUE NW
    WASHINGTON,DC20008     		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSES 5,000
    ICIVICS INC
    1035 CAMBRIDGE STREET SUITE 21B
    CAMBRIDGE,MA02141     		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSES 25,000
    JOHN F KENNEDY CENTER FOR THE PERFORMING ARTS
    2700 F STREET NW
    WASHINGTON,DC20566     		NONE PUBLIC CHARITY BALLET PROGRAM - ABT BALLET PROGRAM 10,000
    JOSEPH ROBERT SHAW FOUNDATION JOEY'S FOUNDATION
    5117 52ND STREET NW
    WASHINGTON,DC20016     		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSES 1,000
    MARATHON INITIATIVE
    1730 RHODE ISLAND AVE NW SUITE 201
    WASHINGTON,DC20036     		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSES 5,000
    MEDSTAR WASHINGTON HOSPITAL CENTER MEDSTAR HEART AND VASCULAR INSTITUTE
    110 IRVING STREET NW
    WASHINGTON,DC20010     		NONE PUBLIC CHARITY CARDIAC CT/MR FELLOWSHIP 50,000
    MEDSTAR NATIONAL REHABILITATION HOSPITAL
    102 IRVING STREET NW
    WASHINGTON,DC20010     		NONE PUBLIC CHARITY NATIONAL REHABILITATION NETWORK , GOOD WORK IN THE GREATER WASHINGTON AREA PROGRA 10,000
    METROPOLITAN CLUB PRESERVATION FOUNDATION
    1700 H STREET NW
    WASHINGTON,DC20006     		NONE PUBLIC CHARITY PRESERVATION PROGRAM SUPPORT 5,000
    MCLEAN PROJECT FOR THE ARTS
    1234 INGLESIDE AVENUE
    MCLEAN,VA22101     		NONE PUBLIC CHARITY OPEN STUDIO PROGRAM 5,000
    NATIONAL GALLERY OF ART
    2000-B SOUTH CLUB DRIVE
    LANDOVER,MD20785     		NONE PUBLIC CHARITY 75TH MELLON MATCHING FUND FOR THE CONSERVATION PROGRAM 100,000
    NORTH SHORE GARDEN CLUB OF MASSACHUSETTS
    PO BOX 315
    WENHAM,MA01984     		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSES, OFFICE SPACE TRANSITION 2,500
    PEABODY ESSEX MUSEUM
    161 ESSEX STREET
    SALEM,MA01970     		NONE PUBLIC CHARITY EXHIBIT/PUBLICATION ON THE POWER AND PERSPECTIVE, EARLY PHOTOGRAPHY OF CHINA 15,000
    PRESERVATION FOUNDATION OF PALM BEACH INC
    311 PERUVIAN AVE
    PALM BEACH,FL33480     		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSES 10,000
    SANTA BARBARA HISTORICAL SOCIETY
    136 EAST DE LA GUERRA
    SANTA BARBARA,CA93101     		NONE PUBLIC CHARITY THE EDWARD BOREIN GALLERY 4,000
    SOCIETY OF THE FOUR ARTS
    100 FOUR ARTS PLAZA
    PALM BEACH,FL33480     		NONE PUBLIC CHARITY SPEAKER PROGRAM AND THE HULITAR GARDEN 10,000
    SOCIETY OF THE FOUR ARTS
    100 FOUR ARTS PLAZA
    PALM BEACH,FL33480     		NONE PUBLIC CHARITY PROJECT TO PURCHASE THE SCULPTURE TITLED ""SPADE"" BY MICHAEL CRAIG-MARTIN 10,000
    ST ANDREW'S DUNE CHURCH
    12 GIN LANE PO BOX 1245
    SOUTHAMPTON,NY11969     		NONE PUBLIC CHARITY GENERAL OPERATING EXPENSES, IN MEMORY OF GEORGE D. GOULD 1,000
    THE FRICK COLLECTION
    1 EAST 70TH STREET
    NEW YORK,NY10021     		NONE PUBLIC CHARITY GARDEN AND CONSERVATION PROGRAMS 20,000
    WASHINGTON NATIONAL CATHEDRAL
    3101 WISCONSIN AVENUE NW
    WASHINGTON,DC20016     		NONE PUBLIC CHARITY DEAN'S PROGRAM FOR THE ANNUAL FUND 30,000
    WASHINGTON NATIONAL CATHEDRAL
    3101 WISCONSIN AVENUE NW
    WASHINGTON,DC20016     		NONE PUBLIC CHARITY FLOWER GUILD PROGRAM 10,000
    WILD ENTRUST INTERNATIONAL
    1919 E LAKE SAMMAMISH PLACE SE
    SAMMAMISH,WA98075     		NONE PUBLIC CHARITY ENTRUST BOTSWANA PREDATORY STUDY 25,000
    Total .................................bullet 3a 619,500
    bApproved for future payment
    ALIBI PRESERVATION FOUNDATION
    1806 I STREET NW
    WASHINGTON,DC20006     		  PUBLIC CHARITY GENERAL OPERATING EXPENSE 15,000
    BERKELEY EARTH
    2831 GARBER STREET
    BERKELEY,CA94705     		  PUBLIC CHARITY RESEARCH SUPPORT OF DR. RICHARD MULLER 5,000
    FEDERAL CITY COUNCIL
    1310 L STREET NW SUITE 325
    WASHINGTON,DC20005     		  PUBLIC CHARITY GENERAL OPERATING EXPENSE 15,000
    ST ALBANS SCHOOL
    MOUNT ST ALBANS 3001 WISCONCIN AVE
    NW
    WASHINGTON,DC20016     		  PUBLIC CHARITY ANNUAL FUND SUPPORT 10,000
    Total .................................bullet 3b 45,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    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 3,614  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,434,770  
    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) .. 0 1,888,182 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,888,182
    (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 (2021)
    Form 990-PF (2021)
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE LEE AND JULIET FOLGER FUND
    EIN:
    52-0794388
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ANNE L STONE & ASSOC. LLC 0 0   0
    C. DAY 2,000 0   0
    CST GROUP 0 0   0

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE LEE AND JULIET FOLGER FUND
    EIN:
    52-0794388
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2580, ABBOTT LABS (ABT) 59,162 264,837
    2789, ABBVIE INC (ABBV) 82,951 375,009
    925, ACCENTURE PLC IRELAND (CAN) 35,774 266,826
    800, ADOBE SYSTEMS (ADBE) 21,937 298,752
    1000, ALPHABET INC CLASS A (NON-VOTING) (GOOG) 10,897 108,220
    2000, ALPHABET INC CLASS C (VOTING) (GOOGL) 22,230 218,300
    3600, ALTABA INC (AABA) 34,005 0
    3000, AMAZON COM INC (AMZN) 4,683 380,310
    5000, AMERICAN MOVIL SAB (AMX) 132,005 85,000
    1690, AMERICAN EXPRESS COMPANY (AXP) 205 256,880
    960, AMERICAN TOWER CORP (AMT) 29,840 243,888
    7000, APPLE INC (APPL) 11,410 1,100,540
    2943, AT&T (T) 96,454 51,620
    7604, BANK OF AMERICA CORP (BAC) 302,156 255,570
    1670, BAXTER INTERNATIONAL INC (BAX) 49,921 95,958
    1500, BCE INC (BCE) 54,677 72,300
    625, BECTON DICKINSON & CO (BDX) 45,866 157,763
    3330, BHP GROUP LTD (BHP) 114,738 182,784
    275, BLACKROCK INC (BLK) 55,977 183,257
    500, BOEING CO (BA) 33,918 80,125
    75, BOOKING HOLDINGS (BKNG) 44,155 140,686
    1050, BOSTON PROPERTIES (BXP) 28,118 83,402
    1755, CAPITAL ONE HOLDINGS (COF) 80,106 185,714
    950, CATERPILLAR INC (CAT) 74,988 175,475
    5030, CISCO SYSTEMS INC (CSCO) 6,526 224,942
    950, CITIGORUP INC (C) 237,058 46,370
    2200, COCA-COLA COMPANY (KO) 75,185 135,762
    2590, COLGATE-PALMOLIVE CO (CL) 59,263 202,564
    4040, COMCAST CORP NEW CL A (CMCSA) 38,031 146,208
    2400, CONOCOPHILLIPS (COP) 62,173 262,680
    1700, CORNING INC (GLW) 20,192 58,344
    615, COSTCO WHSL CORP (COST) 26,739 321,092
    600, CROWN CASTLE (CCI) 30,756 102,498
    2670, CVS HEALTH CORP (CVS) 32,108 262,061
    950, DANAHER CORP (DHR) 26,150 256,415
    3048, DISNEY WALT CO (DIS) 81,624 341,620
    4825, EBAY INC (EBAY) 61,562 212,927
    2335, EMERSON ELECTRIC CO (EMR) 100,764 190,863
    3600, EXXON MOBIL CORP (XOM) 28,672 344,124
    1035, FEDEX CORPORATION (FDX) 37,587 218,188
    3000, FISERV INC (FISV) 26,229 303,570
    250, FORTIVE CORP (FTV) 3,715 15,833
    1941, FOX CORP CL A (FOX A) 79,135 66,343
    5975, FRANKLIN RECOURCES INC (BEN) 84,239 155,768
    1934, GENERAL ELECTRIC COMPANY (GE) 17,958 142,033
    275, GOLDMAN SACHS GROUP INC (GSK) 46,701 91,484
    1520, GSK PLC (GSK) 82,824 49,370
    1900, HALEON PLC (HLN) 18,233 11,362
    2000, HEWLETT PACKARD ENTERPRISE CO (HPE) 28,390 27,200
    710, HOME DEPOT INC (HD) 28,919 204,778
    1115, HONEYWELL INTERNATIONAL (HON) 41,287 211,125
    1500, HP INC (HPQ) 30,886 43,065
    495, ILLUMINA INC (ILMN) 27,322 99,812
    10825, INFOSYS LTD (INFY) 55,811 198,098
    3795, INTEL CORP (INTC) 35,166 121,136
    1835, INTERNATIONAL BUSINESS MACHINE CORP (IBM) 153,015 235,706
    825, INTUITIVE SURGICAL INC (ISRG) 28,556 169,736
    500, ISHARES CHINA LARG CAP (FXI) 11,396 15,105
    200, ISHARES RUSSELL 2000 (IWM) 11,936 36,700
    200, ISHARES CORE S&P MID CAP (IJH) 12,319 48,596
    1800, ISHARES EUROPE (IEV) 67,241 74,826
    3120, ISHARES INC MSCI JAPAN ETF (EWJ) 168,005 167,201
    4230, ISHARES MSCI EMERGING MARKETS ETF (EEM) 111,873 166,789
    2975, ISHARES MSCI PACIFIC (EPP) 93,547 124,147
    1770, ISHARES NASDAQ BIO-TECH (IBB) 37,851 214,984
    1000, ISHARES RUSSELL MIDCAP (IWR) 18,754 68,810
    770, JBG SMITH PROPERTIES (JBGS) 13,668 16,917
    820, JOHNSON & JOHNSON (JNJ) 45,462 132,299
    1630, JPMORGAN CHASE & CO (JPM) 79,323 185,380
    400, KIMBERLYC-CLARK CORP (KMB) 25,382 51,008
    470, LOCKHEED MARTIN CORP (LMT) 36,201 197,452
    3000, LOWES COMPANIES INC (LOW) 32,273 582,420
    750, MCDONALDS CORP (MCD) 46,576 189,210
    1650, MEDTRONIC PLC (MDT) 124,858 145,068
    1840, MERCK & CO INC (MRK) 98,095 157,062
    830, META PLATFORMS INC (META) 21,937 135,232
    250, METTLER-TOLEDO INTL (MTD) 14,031 303,115
    1900, MICROSOFT CORP (MSFT) 6,756 496,793
    2875, NEWS CORP NEW CL A (NWSA) 16,351 48,645
    3000, NIKE INC CLASS B (NKE) 30,220 319,350
    14000, NOKIA CORP (NOK) 239,558 70,700
    1460, NOVARTIS AG (NVS) 68,821 117,559
    2745, ORACLE CORP (ORCL) 36,533 203,542
    1000, PAYPAL HOLDINGS INC (PYPL) 15,822 93,440
    1505, PEPSICO INC (PEP) 54,594 259,266
    4190, PFIZER INC (PFE) 93,518 189,514
    1100, PHILLIPS 66 (PXS) 17,274 98,406
    2575, PROCTER & GAMBLE CO (PG) 5,488 355,196
    1475, QUEST DIAGNOSTICS INC (DG) 83,107 184,832
    1785, RALPH LAUREN CORP (RL) 111,243 163,024
    1255, RAYTHEON TECHNOLOGIES CORP COM (RTX) 20,144 112,636
    700, S&P GLOBAL INC (SPGI) 7,285 246,526
    1095, SAP SE-SPONSORED (SAP) 47,728 93,316
    3665, SAUL CENTERS INC (BFS) 44,223 162,323
    200, SBA COMMUNICATIONS CORP (SBAC) 15,261 65,050
    595, SIMON PROPERTIES GROUP (SPG) 14,774 60,678
    350, SKYWORKS SOLUTIONS INC (SWKS) 12,731 34,493
    800, STARBUCKS CORP (SBUX) 32,622 67,256
    2325, STATE STR CORP (STT) 768 158,914
    830, STRYKER CORP (SYK) 37,678 170,316
    1500, TARGET CORP (TGT) 40,074 240,510
    415, THERMO FISHER SCIENTIFIC INC (TMO) 31,805 226,308
    1220, UNION PACIFIC CORP (UNP) 25,678 273,902
    1100, UNITED PARCEL SERVICES (UPS) 62,803 213,961
    11540, VALE SA (VALE) 129,566 143,327
    1800, VALERO ENERGY CORP (VLO) 67,493 210,816
    150, VANGUARD MID CAP (VO) 14,936 31,418
    150, VANGUARD SMALL CAP (VB) 14,545 28,457
    2400, VERIZON COMMUNICATIONS (VZ) 19,919 100,344
    1500, VF CORP (VFC) 70,533 62,175
    930, VISA INC CLASS A (V) 24,846 184,800
    1710, WALMART INC (WMT) 72,491 226,661
    4500, WILLIAMS COMPANIES (WMB) 90,815 153,135
    1203, WOODSIDE ENEGRY LTD (WDS) 25,889 27,440
    1090, YUM BRANDS INC (YUM) 48,135 121,252
    1475, ZIMMER BIOMET HOLDINGS (ZBH) 106,730 156,822
    500, 3M CO (MMM) 38,736 62,175
    3234.032, TEMPLETON CHINA WORLD (TACWX) 44,379 33,084
    5725, MORGAN STANLEY INDIA (IIF) 196,551 142,266

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE LEE AND JULIET FOLGER FUND
    EIN:
    52-0794388
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DFJ GOTHAM VENTURE FUND II LP AT COST 46,406 239,186
    DFJ DRAGON FUND CHINA II LP AT COST 81,162 364,654
    DFJ FRONTIER FUND II LP AT COST 49,688 95,223

    TY 2021 LegalFeesSchedule
    Name:
    THE LEE AND JULIET FOLGER FUND
    EIN:
    52-0794388
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 2,334 0   0


    TY 2021 OtherExpensesSchedule
    Name:
    THE LEE AND JULIET FOLGER FUND
    EIN:
    52-0794388
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 924 0   0
    LICENSES 423 0   0
    INVESTMENT EXPENSE VIA PTE 13,797 13,797   0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE LEE AND JULIET FOLGER FUND
    EIN:
    52-0794388
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    M MANDERFIELD, GRANT ADMIN. 155,220 15,522   139,698


    TY 2021 TaxesSchedule
    Name:
    THE LEE AND JULIET FOLGER FUND
    EIN:
    52-0794388
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID ON DIVIDENDS 2,989 2,989   0