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 12-01-2021 , and ending 11-30-2022
Name of foundation
The Tepper Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)Co Appaloosa 51 JFK Pkwy 250B
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Livingston, NJ07078
A Employer identification number

22-3500313
B Telephone number (see instructions)

(973) 701-7000
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$1,022,586,136J 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) 9,700
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,434,163 2,434,163  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 13,981,021
b Gross sales price for all assets on line 6a 24,347,464
7 Capital gain net income (from Part IV, line 2)... 16,458,601
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 89,360 89,360  
12 Total. Add lines 1 through 11........ 16,514,244 18,982,124  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 195,833 0   195,833
14 Other employee salaries and wages...... 511,080 0   511,080
15 Pension plans, employee benefits....... 236,205 0   236,205
16a Legal fees (attach schedule)......... Click to see attachment 4,348 0   4,348
b Accounting fees (attach schedule)....... Click to see attachment 33,300 0   33,300
c Other professional fees (attach schedule).... Click to see attachment 247,711 0   247,711
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 303,076 0   59,577
19 Depreciation (attach schedule) and depletion... Click to see attachment 39,715 0  
20 Occupancy.............. 43,533 0   43,533
21 Travel, conferences, and meetings....... 2,524 0   2,524
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 123,162 0   123,162
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,740,487 0   1,457,273
25 Contributions, gifts, grants paid....... 58,453,464 58,453,464
26 Total expenses and disbursements. Add lines 24 and 25 60,193,951 0   59,910,737
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -43,679,707
b Net investment income (if negative, enter -0-) 18,982,124
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............. 43,664 96,755 96,755
2 Savings and temporary cash investments......... 11,368,988 5,442,838 5,442,838
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)....... 104,351,985 Click to see attachment74,247,287 94,034,826
c Investments—corporate bonds (attach schedule)....... 600,000 Click to see attachment600,000 728,000
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 488,336,546 Click to see attachment486,186,899 921,533,717
14 Land, buildings, and equipment: basis bullet39,715
Less: accumulated depreciation (attach schedule) bullet39,715      
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment750,000 Click to see attachment750,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 604,701,183 567,323,779 1,022,586,136
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) Click to see attachment15,075 Click to see attachment15,075
23 Total liabilities (add lines 17 through 22)......... 15,075 15,075
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........ 604,686,108 567,308,704
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 604,686,108 567,308,704
30 Total liabilities and net assets/fund balances (see instructions). 604,701,183 567,323,779
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
604,686,108
2
Enter amount from Part I, line 27a .....................
2
-43,679,707
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,302,303
4
Add lines 1, 2, and 3 ..........................
4
567,308,704
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
567,308,704
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 Columbus Hill-Series 2 P 2007-01-01 2022-01-01
b Brookfield Renewable Partners L.P. P 2019-01-31 2022-05-18
c Brookfield Renewable Partners L.P. P 2019-01-30 2022-11-16
d Publicly traded securities      
e Publicly traded securities      
(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 15,000,000   2,741,898 12,258,102
b 18,319   7,775 10,544
c 22,362   10,915 11,447
d 2,574,255   333,785 2,240,470
e 6,732,528   4,794,490 1,938,038
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       12,258,102
b       10,544
c       11,447
d       2,240,470
e       1,938,038
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 16,458,601
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........................... 3 263,852
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- ..... 5 263,852
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 234,711
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 60,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 294,711
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 30,859
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet30,859 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)
    bulletNJ
    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 ofbulletDavid A Tepper Telephone no.bullet (973) 701-7000

    Located atbulletC/o Appaloosa 51 JFK Parkway Ste250BLivingstonNJ ZIP+4bullet07078
    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)
     
    No
    (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
     
     
    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
    David A Tepper President & CEO
    2.00     		0 0 0
    C/o Appaloosa 51 JFK Parkway Ste
    250B
    Livingston,NJ07078
    Randi Tepper Vice President & COO
    40.00     		195,833 0 0
    C/o Appaloosa 51 JFK Parkway Ste
    250B
    Livingston,NJ07078
    Larry Rogers Treasurer
    10.00     		0 0 0
    C/o Appaloosa 51 JFK Parkway Ste
    250B
    Livingston,NJ07078
    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
    Shelley Skinner Program Director
    40.00     		183,333 0 0
    C/o Appaloosa 51 JFK Parkway Ste
    250B
    Livingston,NJ07078
    Katlin Stansfield Administration
    40.00     		98,500 0 0
    C/o Appaloosa 51 JFK Parkway Ste
    250B
    Livingston,NJ07078
    Gerard Green Analyst
    40.00     		89,667 0 0
    C/o Appaloosa 51 JFK Parkway Ste
    250B
    Livingston,NJ07078
    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
    Marian Stern Consulting 130,289
    308 East 79th Street APT132
    New York,NY10075
    River Crossing Strategy Group Consulting 65,000
    128 West State Street 3rd Floor
    Trenton,NJ08608
    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
    130,392,278
    b
    Average of monthly cash balances.......................
    1b
    9,663,032
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,087,461,432
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,227,516,742
    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
    1,227,516,742
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    18,412,751
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    1,209,103,991
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    60,455,200
    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
    60,455,200
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    263,852
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    263,852
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    60,191,348
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    60,191,348
    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
    60,191,348
    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 60,191,348
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 12,684,234
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 59,910,737
    a Applied to 2020, but not more than line 2a 12,684,234
    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..... 47,226,503
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		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 ..........     		12,964,845
    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) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    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).)
    David A Tepper
    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
    Action Pathways Inc
    316 Green Street
    Fayetteville,NC28301     		N/A Other Public Charity General Support 65,700
    Affordable Housing Alliance
    3535 Route 66 Ste 4
    Neptune,NJ07753     		N/A Other Public Charity General Support 25,000
    AHS Hospital Corp
    475 South St Acctg 920
    Morristown,NJ07960     		N/A Other Public Charity General Support 50,000
    American Committee for the Weizmann Institute
    633 Third Avenue 20th Fl
    New York,NY10017     		N/A Other Public Charity General Support 1,200,000
    American Forests
    1220 L St NW Suite 750
    Washington DC,DC20005     		N/A Other Public Charity General Support 250,000
    American Friends Service Center
    89 Market Street 8th Floor
    Newark,NJ07102     		N/A Other Public Charity General Support 800,000
    Anti Defamation League
    605 Third Ave
    New York,NY10158     		N/A Other Public Charity General Support 1,500,000
    Atlantic City Rescue Mission
    2009 Bacharach Blv
    Atlantic City,NJ08401     		N/A Other Public Charity General Support 25,000
    Atrium Health Foundation
    208 East Blvd
    Charlotte,NC28203     		N/A Other Public Charity General Support 400,000
    Blue Meridian
    415 Madison Avenue
    New York,NY10017     		N/A Other Public Charity General Support 35,217,240
    Carnegie Mellon University
    5000 Forbes Avenue
    Pittsburgh,PA15213     		N/A Other Public Charity General Support 1,350,000
    Cathedral Soup Kitchen Inc
    1514 Federal Street
    Camden,NJ08105     		N/A Other Public Charity General Support 50,000
    Center for Food Action
    192 W Demarest Ave
    Englewood,NJ07631     		N/A Other Public Charity General Support 50,000
    Community Food Bank of NJ
    31 Evans Terminal
    Hillside,NJ07205     		N/A Other Public Charity General Support 750,000
    Covenant House New Jersey Inc
    330 Washington St
    newark,NJ07102     		N/A Other Public Charity General Support 50,000
    CUMACECHO Inc
    PO Box 2721
    Paterson,NJ07509     		N/A Other Public Charity General Support 75,000
    Elizabeth Coalition to House the Homeless Inc
    118 Division St
    Elizabeth,NJ07201     		n/A Other Public Charity General Support 25,000
    Eva's Village Inc
    393 Main St
    Paterson,NJ075012815     		N/A Other Public Charity General Support 75,000
    Family Promise of Gloucester County
    206 Ellis St
    Glassboro,NJ08028     		N/A Other Public Charity General Support 15,000
    Feeding America
    35 East Wacker Drive Suite 2000
    Chicago,IL60601     		N/A Other Public Charity General Support 417,366
    Feeding South Florida
    2501 SW 32 Terrace
    Pembroke Park,FL33023     		N/A Other Public Charity General Support 125,000
    Feeding the Carolinas
    6255 Towncenter Drive Suite 803
    Clemmons,NC27012     		N/A Other Public Charity General Support 10,000
    Food Bank of Albemarle
    PO box 1704
    Elizabeth City,NC27906     		N/A Other Public Charity General Support 49,600
    Food Bank of Central and Eastern NC
    1924 Capital Boulevard
    Raleigh,NC27604     		N/A Other Public Charity General Support 149,500
    Food Bank of South Jersey
    1501 John Tipton Blvd
    Pennsauken,NJ08110     		N/A Other Public Charity General Support 150,000
    Foundation for the Carolinas
    220 N Tryon Street
    Charlotte,NC28202     		N/A Other Public Charity General Support 50,000
    Fulfill
    3300 Route 66
    Neptune,NJ07753     		N/A Other Public Charity General Support 150,000
    Golden Harvest Food Bank
    3310 Commerce Dr
    Augusta,GA30909     		N/A Other Public Charity General Support 45,500
    Grameen America Inc
    82-11 37th Avenue Suite 607
    Jackson Heights,NY11372     		N/A Other Public Charity General Support 350,000
    Greater Pittsburgh Community Food Bank
    1 N Linden Street
    Duquesne,PA15110     		N/A Other Public Charity General Support 125,000
    Harvest Hope Food Bank
    PO Box 451
    Columbia,SC29202     		N/A Other Public Charity General Support 90,600
    Hillel The Fdn for Jewish Campus Life
    800 8th St NW
    Washington DC,DC20001     		N/A Other Public Charity General Support 250,000
    Homefront Inc
    1880 Princeton Ave
    Lawrenceville,NJ08648     		N/A Other Public Charity General Support 75,000
    Interfaith Food Pantry
    2 Executive Drive
    Morris Plains,NJ07950     		N/A Other Public Charity General Support 75,000
    Interfaith Food Shuttle
    1001 Blair Drive
    Raliegh,NC27603     		N/A Other Public Charity General Support 52,300
    International Refugee Assistance
    One Battery Park Plaza 4th Floor
    New York,NY10004     		N/A Other Public Charity General Support 330,000
    Israel on Campus Coalition
    PO Box 34640
    Washington DC,DC20043     		N/A Other Public Charity General Support 250,000
    Jewish Federation of Metrowest
    901 Route 10 PO Box 929
    Whippany,NJ07981     		N/A Other Public Charity General Support 100,000
    Jewish Federation of North America
    25 Broadway 17th Floor
    New York,NY10004     		N/A Other Public Charity General Support 5,000
    Love Ministries Outreach International
    1 Bentwood Dr
    Westampton,NJ08060     		N/A Other Public Charity General Support 15,000
    Low Country Food Bank
    2864 Azalea Drive
    North Charlestown,SC29405     		N/A Other Public Charity General Support 73,700
    Lunch Break
    PO Box 2215
    Red Bank,NJ07701     		N/A Other Public Charity General Support 325,000
    Manna Food Bank
    7829 Hwy 294
    Murphy,NC28906     		N/A Other Public Charity General Support 64,800
    McLean Hospital - Tepper Charitable Fdn Scholarship Program
    115 Mill Street
    Belmont,MA02478     		N/A Other Public Charity General Support 250,000
    Mercer Street Friends
    151 Mercer St
    Trenton,NJ08611     		N/A Other Public Charity General Support 75,000
    Norwescap
    350 Marshall St
    Phillipsburg,NJ08865     		N/A Other Public Charity General Support 75,000
    Parents Engaging Parents
    11 Commerce Drive
    Cranford,NJ07016     		N/A Other Public Charity General Support 200,000
    Rescue Mission of Trenton
    PO Box 790 98 Carroll Street
    Trenton,NJ086050790     		N/A Other Public Charity General Support 50,000
    Robin Hood Foundation
    826 Broadway 9th floor
    New York,NY10003     		N/A Other Public Charity General Support 1,300,000
    Rutgers University
    335 George St
    New Brunswick,NJ08907     		N/A Other Public Charity General Support 250,000
    Second Harvest Food Bank of Metrolina Inc
    500 B Spratt Street
    Charlotte,NC28206     		N/A Other Public Charity General Support 175,000
    Second Harvest Food Bank of Northwest NC
    3655 Reed Street
    WinstonSalem,NC27107     		N/A Other Public Charity General Support 108,500
    St Joseph Social Service Center
    118 Division St
    Elizabeth,NJ07201     		N/A Other Public Charity General Support 50,000
    Task Inc
    72 Escher Street
    Trenton,NJ08609     		N/A Other Public Charity General Support 75,000
    Tricounty Community Action Agency
    110 Cohansey St
    Bridgeton,NJ08302     		N/A Other Public Charity General Support 40,000
    United Jewish Charities Greater Charlotte
    5007 Providence Rd Suite 101
    Charlotte,NC28226     		N/A Other Public Charity General Support 50,000
    United Way
    701 N Fairfax Street
    Alexandria,VA22314     		N/A Other Public Charity General Support 400,000
    Upstream USA Inc
    426 17th Street NO 200
    Oakland,CA94612     		N/A Other Public Charity General Support 600,000
    Victory Assembly of God
    4 East Finley Road
    Bridgeton,NJ08302     		N/A Other Public Charity General Support 15,000
    Virtua Health Foundation
    303 Lippincott Drive 4th Floor
    Marlton,NJ08053     		N/A Other Public Charity General Support 50,000
    Vision to Learn
    11611 San Vicente Boulevard 500
    Los Angeles,CA90049     		N/A Other Public Charity General Support 80,000
    Volunteer Lawyers for Justice
    PO Box 32040
    Newark,NJ07102     		N/A Other Public Charity General Support 150,000
    WNET
    825 Eighth Avenue
    New York,NY10019     		N/A Other Public Charity General Support 200,000
    York Street Project
    89 York Street
    Jersey City,NJ07302     		N/A Other Public Charity General Support 25,000
    American Jewish Committee
    165 E 56th St
    New york,NY10022     		N/A Other Public Charity General Support 170,000
    American Jewish Join Dist Committee
    PO Box 4124
    New york,NY10163     		N/A Other Public Charity General Support 1,250,000
    American National Red Cross
    430 17th Street NW
    Washington,DC20006     		N/A Other Public Charity General Support 200,000
    Banco De Alimentos De Puerto Rico
    Urb Country Club Industrial Park
    C/272 Ic4
    Carolina,PR00982     		N/A Other Public Charity General Support 100,000
    Catholic Charities Archdiocese of Newark
    590 N 7th St
    Newark,NJ07107     		N/A Other Public Charity General Support 50,000
    Chapel Hill Memorial Park
    12905 Wild Acres Rd
    Largo,FL33773     		N/A Other Public Charity General Support 5,000
    Charlotte Mecklenberg Library
    310 N Tryon St
    Charlotte,NC28202     		N/A Other Public Charity General Support 1,875,000
    Choose Love Inc
    45 W 36th St 6th Fl
    New York,NY10018     		N/A Other Public Charity General Support 200,000
    College of New Jersey Fdn
    2000 Pennington Rd
    Ewing,NJ08618     		N/A Other Public Charity General Support 250,000
    Communites of Faith for Housing
    300 Bloomfield St
    Hoboken,NJ07030     		N/A Other Public Charity General Support 25,000
    Cooperman Barnabas Medical Center
    94 Old Short Hills Rd
    Livingston,NJ07039     		N/A Other Public Charity General Support 25,000
    Creo Family office Syndicate
    156 5th Ave
    New york,NY10010     		N/A Other Public Charity General Support 12,500
    Family Promise of Hunterdon Cty
    10 E Main St
    Flemington,NJ08822     		N/A Other Public Charity General Support 15,000
    Feeding Florida
    1493 Market St
    Tallahassee,FL32312     		N/A Other Public Charity General Support 150,000
    Feeding Kentucky
    106 Progress Dr
    Frankfort,KY40601     		N/A Other Public Charity General Support 62,500
    HIAS
    411 5th Ave Floor 10
    New york,NY10016     		N/A Other Public Charity General Support 450,000
    Ironbound Community Corp
    317 Elm St
    Newark,NJ07105     		N/A Other Public Charity General Support 50,000
    Jewish Federation of Palm Beach
    1 Harvard Circle Suite 100
    West Palm Beach,FL33409     		N/A Other Public Charity General Support 60,000
    Jewish Federation of Southern NJ
    1301 Springdale Rd
    Cherry Hill,NJ08003     		N/A Other Public Charity General Support 25,000
    Mercy Center
    377 E 145th St
    Bronx,NY10454     		N/A Other Public Charity General Support 50,000
    Montclair Foundation
    21 Van Vleck St
    Montclair,NJ07042     		N/A Other Public Charity General Support 50,600
    Montclair State University
    1 Normal Ave
    Montclair,NJ07043     		N/A Other Public Charity General Support 50,000
    New Jersey Together Inc
    Po Box 136
    Jersey City,NJ073030136     		N/A Other Public Charity General Support 75,000
    New Jersey YMCA State Alliance
    1 N Johnston Ave
    Hamilton Square,NJ08609     		N/A Other Public Charity General Support 5,000
    Newark Emergency Family Services
    982 Broad St
    Newark,NJ07102     		N/A Other Public Charity General Support 25,000
    NJ Council of County Colleges
    330 W State St
    Trenton,NJ08618     		N/A Other Public Charity General Support 43,000
    Nourish NJ
    36 Sussex Ave
    Morristown,NJ07960     		N/A Other Public Charity General Support 175,000
    Palm Beach United Way
    477 S Rosemary Ave Ste 230
    West Palm Beach,FL33401     		N/A Other Public Charity General Support 2,000
    REFED Inc
    2701 Queens Plz N Ste 12
    Long Island,NY11101     		N/A Other Public Charity General Support 375,000
    Spread the vote
    8601 Lincoln Blvd Suite 180/569
    Los angeles,CA90045     		N/A Other Public Charity General Support 150,000
    ST Louis Area Food Bank
    70 Corporate Woods Dr
    Bridgeton,MO63044     		N/A Other Public Charity General Support 62,500
    Sunset Park Health Council
    514 49TH St 1ST Floor
    BROOKYLN,NY11220     		N/A Other Public Charity General Support 100,000
    The Community Fdn of West Kentucky
    333 Broadway St Ste 530
    Paducah,KY42001     		N/A Other Public Charity General Support 90,000
    The Greenlight Fund
    50 Milk St
    Boston,MA02109     		N/A Other Public Charity General Support 300,000
    The Jewish Community Center Manhattan
    15 W 65th St
    New york,NY10023     		N/A Other Public Charity General Support 70,000
    The Nature Conservancy
    322 8th Ave
    New york,NY10001     		N/A Other Public Charity General Support 250,000
    Toni's Kitchen
    73 S Fullerton Ave
    Montclair,NJ07042     		N/A Other Public Charity General Support 50,000
    University of Miami
    5555 Ponce De Leon Blvd
    Coral Gables,FL33146     		N/A Other Public Charity General Support 10,000
    University of Pittsburgh
    200 Lothrop St Ste A610
    Pittsburgh,PA15213     		N/A Other Public Charity General Support 200,000
    World Central Kitchen Inc
    200 Massachusetts Ave NW
    Washington,DC20001     		N/A Other Public Charity General Support 1,400,000
    Jewish Family Service Atlantic Cape May
    607 N Jerome Ave
    Margate,NJ08402     		N/A Other Public Charity General Support 558
    Jewish Family Service of Atlantic County
    607 N Jerome Ave
    Margate,NJ08402     		N/A Other Public Charity General Support 25,000
    National Wildlife Federation
    PO Box 1583
    Merrifield,VA221161583     		N/A Other Public Charity General Support 250,000
    Operation Warm Inc
    50 Applied Bank Blvd Ste 204
    Glen Mills,PA19342     		N/A Other Public Charity General Support 100,000
    Jewish Family Services Metrowest
    256 Columbia Turnpike Ste 105
    Florham Park,NJ07932     		N/A Other Public Charity General Support 50,000
    Total .................................bullet 3a 58,453,464
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		         
    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 13,981,021  
    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 16,504,544 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    16,504,544
    (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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    The Tepper Foundation
     
    Employer identification number

    22-3500313
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    The Tepper Foundation
          		Employer identification number
    22-3500313
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    David A Tepper
    C/o Appaloosa 51 JFK Parkway Ste 25
     
    Livingston, NJ07078

    		$ 9,700


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    The Tepper Foundation
          		Employer identification number

    22-3500313
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    The Tepper Foundation
          		Employer identification number

    22-3500313
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    The Tepper Foundation
    EIN:
    22-3500313
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 33,300 0   33,300

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

    TY 2021 DepreciationSchedule
    Name:
    The Tepper Foundation
    EIN:
    22-3500313
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Operating System 2022-09-30 39,715   200DB 3.000000000000 39,715 0    

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    The Tepper Foundation
    EIN:
    22-3500313
    Name of Bond End of Year Book Value End of Year Fair Market Value
    1,000,000 Russian Federation 600,000 728,000

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Tepper Foundation
    EIN:
    22-3500313
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Conseco Inc/CNO Financial Group Inc 927,712 1,125,138
    Walter Energy Inc/New WEI Inc 1,609,404 0
    Bank of America 3,512,774 4,857,972
    Fifth Third Bancorp 6,463,412 7,874,340
    SunTrust Banks Inc/ Truist Financial Corp 6,536,120 6,534,556
    Citigroup Inc 7,018,745 4,554,316
    Mueller Water Products 445,279 348,786
    SPDR S&P 500 ETF Trust 32,603,090 45,135,068
    Atlantica Yield PLC/ Atlantica Sustainable Infrastr 288,367 554,768
    Invesco QQQ Trust ETF 14,842,384 23,049,882

    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Tepper Foundation
    EIN:
    22-3500313
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Columbus Hill Overseas LTD AT COST 7,018,655 38,201,245
    Palomino-Series 0102/0717/1218 AT COST 456,610,268 848,462,211
    Brookfield Renewable Partners LP AT COST 155,785 359,542
    Cowen Sustainable Offshore I AT COST 2,403,716 2,305,076
    Epic Games Inc AT COST 10,000,000 13,900,000
    Pony Master LLC AT COST 9,998,475 18,305,643

    TY 2021 LegalFeesSchedule
    Name:
    The Tepper Foundation
    EIN:
    22-3500313
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal fees 4,348 0   4,348


    TY 2021 OtherAssetsSchedule
    Name:
    The Tepper Foundation
    EIN:
    22-3500313
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Due from Affiliate 0 750,000 750,000


    TY 2021 OtherExpensesSchedule
    Name:
    The Tepper Foundation
    EIN:
    22-3500313
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Workers comp insurance 4,565 0   4,565
    Payroll Fees 13,326 0   13,326
    Conventions 2,938 0   2,938
    Equipment 6,755 0   6,755
    Logo 4,750 0   4,750
    Meals 1,780 0   1,780
    Office supplies 3,314 0   3,314
    Registrations 249 0   249
    Search Firm 65,624 0   65,624
    Subscriptions 11,980 0   11,980
    Tech Support 377 0   377
    Telephone 5,878 0   5,878
    Transportation 1,626 0   1,626


    TY 2021 OtherIncomeSchedule2
    Name:
    The Tepper Foundation
    EIN:
    22-3500313
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Discount Income 571 571 571
    Ordinary Income -Brookfield Renewable Partners LP 13,781 13,781 13,781
    Cowen Sustainable Offshore I 75,008 75,008 75,008


    TY 2021 OtherIncreasesSchedule
    Name:
    The Tepper Foundation
    EIN:
    22-3500313
    Description Amount
    Appreciated/Depreciated gain/loss 6,302,293
    Prior Period adjustment 10


    TY 2021 OtherLiabilitiesSchedule
    Name:
    The Tepper Foundation
    EIN:
    22-3500313
    Description Beginning of Year - Book Value End of Year - Book Value
    Due to Appaloosa Management 15,075 15,075


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Tepper Foundation
    EIN:
    22-3500313
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Outside contractors- Committee members 40,000 0   40,000
    Consulting 207,711 0   207,711


    TY 2021 TaxesSchedule
    Name:
    The Tepper Foundation
    EIN:
    22-3500313
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal Taxes 240,000 0   0
    Payroll Taxes 59,577 0   59,577
    Reclaimable Tax 3,499 0   0