TY 2022 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2022

Open to Public Inspection

For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022

Name of foundation
DANIELS FUND

Number and street (or P.O. box number if mail is not delivered to street address)101 MONROE STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DENVER, CO80206

A Employer identification number

84-1393308

B Telephone number (see instructions)

(303) 393-7220

C If exemption application is pending, check here right arrow

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

D 1. Foreign organizations, check here............. right arrow

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

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

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

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

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

$1,529,058,941J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	116,046		116,046
4	Dividends and interest from securities...	3,403,419		3,403,419
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10	List of Attached Documents: // Content	37,460,658
b	Gross sales price for all assets on line 6a
7	Capital gain net income (from Part IV, line 2)...			36,025,373
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).......	List of Attached Documents: // Content	-42,091,051	-43,154,203
12	Total. Add lines 1 through 11........	-1,110,928		-3,609,365
13	Compensation of officers, directors, trustees, etc.	3,130,302		42,347	3,069,806
14	Other employee salaries and wages......	2,723,062		208,636	2,425,010
15	Pension plans, employee benefits.......	1,171,352		33,983	1,122,805
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	75,135	38,848	19,638
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	51,950		51,950
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	1,139,100	665,840	187,900
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	393,843
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	466,253
20	Occupancy..............	773,009		26,046	735,801
21	Travel, conferences, and meetings.......	872,554		137	872,358
22	Printing and publications..........	103,021			103,021
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	85,141		85,141
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	10,984,722		1,015,837	8,673,430
25	Contributions, gifts, grants paid.......	63,247,381			63,585,856
26	Total expenses and disbursements. Add lines 24 and 25	74,232,103		1,015,837	72,259,286
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-75,343,031
b	Net investment income (if negative, enter -0-)			0
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2022)

Form 990-PF (2022)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	100,950	100,950	100,950
	2	Savings and temporary cash investments.........	6,112,304	12,737,887	12,737,887
	3	Accounts receivable 465,191
		Less: allowance for doubtful accounts	99,346	465,191	465,191
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	596,627,585	List of Attached Documents: // Content 486,013,299	631,538,324
	c	Investments—corporate bonds (attach schedule).......	142,435,334	List of Attached Documents: // Content 65,607,185	63,543,807
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	580,314,195	List of Attached Documents: // Content 684,044,215	809,560,347
	14	Land, buildings, and equipment: basis 22,375,750
		Less: accumulated depreciation (attach schedule) 11,263,315	11,327,703	List of Attached Documents: // Content 11,112,435	11,112,435
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,337,017,417	1,260,081,162	1,529,058,941
	17	Accounts payable and accrued expenses..........	803	3,491
	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 )	List of Attached Documents: // Content 1,664,149	List of Attached Documents: // Content 68,237
	23	Total liabilities (add lines 17 through 22).........	1,664,952	71,728
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	1,335,352,465	1,260,009,434
	29	Total net assets or fund balances (see instructions).....	1,335,352,465	1,260,009,434
	30	Total liabilities and net assets/fund balances (see instructions).	1,337,017,417	1,260,081,162

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

1,335,352,465

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

-75,343,031

Other increases not included in line 2 (itemize) right arrow

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

1,260,009,434

Decreases not included in line 2 (itemize) right arrow

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

1,260,009,434

Form 990-PF (2022)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	36,025,373
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Form 990-PF (2022)

Page 4

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	0
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5
6	Credits/Payments:

a	2022 estimated tax payments and 2021 overpayment credited to 2022	6a	465,191
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	465,191
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	465,191
11	Enter the amount of line 10 to be: Credited to 2023 estimated tax0	Refunded	11	465,191

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

Yes

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

Yes

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

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

or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.

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

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

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

Form 990-PF (2022)

Page 5

Part VI-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address right arrow

WWW.DANIELSFUND.ORG

The books are in care of right arrow

DAVID BROWN Telephone no. right arrow

(303) 393-7220

Located at right arrow

101 MONROE STREETDENVERCO ZIP+4 right arrow

80206

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over YesNo

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

16 No

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

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

Yes

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

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

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

that were not corrected before the first day of the tax year beginning in 2022? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2022?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2022 as a result of (1) any purchase by the foundation

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

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

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

if the foundation had excess business holdings in 2022.) .....................

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

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

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..

Form 990-PF (2022)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

Yes

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

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

5a(4)

Yes

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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

Yes

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

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

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation
DAVID BROWN	CFO/TREAS 40.00	300,463	38,003
101 MONROE STREET DENVER,CO80206	CFO/TREAS 40.00	300,463	38,003
HANK BROWN	DIRECTOR 3.00	55,268	0
101 MONROE STREET DENVER,CO80206	DIRECTOR 3.00	55,268	0
BRIAN DEEVY	DIRECTOR 3.00	54,268	0
101 MONROE STREET DENVER,CO80206	DIRECTOR 3.00	54,268	0
JOHN FITZGERALD	DIRECTOR 3.00	56,402	0
101 MONROE STREET DENVER,CO80206	DIRECTOR 3.00	56,402	0
WILLIAM FOWLER	SENIOR VP 40.00	293,719	35,309
101 MONROE STREET DENVER,CO80206	SENIOR VP 40.00	293,719	35,309
NICOLE FRAZIER	SR. VP-8/22 40.00	160,750	16,443
101 MONROE STREET DENVER,CO80206	SR. VP-8/22 40.00	160,750	16,443
FRANCISCO GARCIA	DIRECTOR 3.00	48,902	0
101 MONROE STREET DENVER,CO80206	DIRECTOR 3.00	48,902	0
MARGARET KELLY	DIRECTOR 3.00	52,018	0
101 MONROE STREET DENVER,CO80206	DIRECTOR 3.00	52,018	0
TOM MARINKOVICH	DIRECTOR 3.00	43,902	0
101 MONROE STREET DENVER,CO80206	DIRECTOR 3.00	43,902	0
SUSANA MARTINEZ	DIRECTOR 3.00	46,402	0
101 MONROE STREET DENVER,CO80206	DIRECTOR 3.00	46,402	0
KRISTEN MORGAN	CHF OF STAFF 40.00	258,103	26,657
101 MONROE STREET DENVER,CO80206	CHF OF STAFF 40.00	258,103	26,657
JAMES R NICHOLSON	DIRECTOR 40.00	47,044	0
101 MONROE STREET DENVER,CO80206	DIRECTOR 40.00	47,044	0
BO PERETTO	SENIOR VP 40.00	241,117	15,259
101 MONROE STREET DENVER,CO80206	SENIOR VP 40.00	241,117	15,259
LUKE RAGLAND	SENIOR VP 40.00	308,851	14,469
101 MONROE STREET DENVER,CO80206	SENIOR VP 40.00	308,851	14,469
LAURA RIZZO	SENIOR VP 40.00	289,244	27,278
101 MONROE STREET DENVER,CO80206	SENIOR VP 40.00	289,244	27,278
HANNA SKANDERA	PRES & CEO 40.00	604,551	30,582
101 MONROE STREET DENVER,CO80206	PRES & CEO 40.00	604,551	30,582
JOHN SUTHERS	CHAIR 4.00	0	0
101 MONROE STREET DENVER,CO80206	CHAIR 4.00	0	0
JUNE TRAVIS	DIRECTOR5/22 3.00	15,500	0
101 MONROE STREET DENVER,CO80206	DIRECTOR5/22 3.00	15,500	0
KARREN TURNER	SEC & VP 40.00	150,654	27,204
101 MONROE STREET DENVER,CO80206	SEC & VP 40.00	150,654	27,204
RANDALL WELLS	DIRECTOR 3.00	38,492	0
101 MONROE STREET DENVER,CO80206	DIRECTOR 3.00	38,492	0
LEROY WILLIAMS	DIRECTOR 3.00	64,652	0
101 MONROE STREET DENVER,CO80206	DIRECTOR 3.00	64,652	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
BRUCE WILMSEN	VP MEDIA 40.00	140,410	40,455	900
101 MONROE STREET DENVER,CO80206	VP MEDIA 40.00	140,410	40,455	900
LEAH CURSTINGER	PRGM OFFICER 40.00	155,637	7,178	900
101 MONROE STREET DENVER,CO80206	PRGM OFFICER 40.00	155,637	7,178	900
MATHEW LICHINI	CONTROLLER 40.00	135,344	27,235	900
101 MONROE STREET DENVER,CO80206	CONTROLLER 40.00	135,344	27,235	900
OWEN MCALEER	SR OFFICER 40.00	131,751	25,537	900
101 MONROE STREET DENVER,CO80206	SR OFFICER 40.00	131,751	25,537	900
GADDI LAYDEN	GRANTS MGR 40.00	136,197	4,331	900
101 MONROE STREET DENVER,CO80206	GRANTS MGR 40.00	136,197	4,331	900
Total number of other employees paid over $50,000...................				18

Form 990-PF (2022)

Page 7

Part VII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
MONTICELLO ASSOCIATES INC	ADVISORY SVCS	700,000
ONE TABOR CENTER 1200 17TH ST STE 2600 DENVER,CO80202	ADVISORY SVCS	700,000
JEB DICKEY	ADVISORY SVCS	150,000
101 MONROE STREET DENVER,CO80206	ADVISORY SVCS	150,000
PROSONO LLC	RESEARCH	61,484
1120 LINCOLN ST STE 704 DENVER,CO80203	RESEARCH	61,484
KUNDINGER CORDER & MONTOYA PC	AUDIT & TAX	51,950
475 LINCOLN ST STE 200 DENVER,CO80203	AUDIT & TAX	51,950
RASSMAN DESIGNS LLC	DESIGN SVCS	50,697
2101 W 29TH AVE DENVER,CO80211	DESIGN SVCS	50,697

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

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	DANIELS FUND GRANTS PROGRAM - THE GRANTS PROGRAM PROVIDES GRANTS TO SUPPORT HIGHLY EFFECTIVE NONPROFIT ORGANIZATIONS IN OUR FOUR-STATE REGION, AS WELL AS SOME PROGRAMS WITH A NATIONAL IMPACT. BILL DANIELS PERSONALLY DEFINED THE GEOGRAPHIC AREAS WE SERVE, AS WELL AS OUR GRANT FUNDING AREAS: AGING, AMATEUR SPORTS, DISABILITIES, DRUG AND ALCOHOL ADDICTION, EARLY CHILDHOOD EDUCATION, HOMELESS AND DISADVANTAGED, K-12 EDUCATION REFORM, AND YOUTH DEVELOPMENT.	53,413,185
2	DANIELS FUND SCHOLARSHIP PROGRAM - THE DANIELS FUND SCHOLARSHIP PROGRAM CONSISTS OF TWO DISTINCT COLLEGE SCHOLARSHIP PROGRAMS. THE DANIELS SCHOLARSHIP PROGRAM PROVIDES FOUR-YEAR COLLEGE SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS WHO DEMONSTRATE EXCEPTIONAL CHARACTER, LEADERSHIP, A COMMITMENT TO SERVING THEIR COMMUNITIES, WELL-ROUNDED PERSONALITY, AND EMOTIONAL MATURITY. THE BOUNDLESS OPPORTUNITY SCHOLARSHIP PROGRAM PROVIDES FUNDING TO SELECT COLLEGES AND UNIVERSITIES TO OFFER SCHOLARSHIPS DIRECTLY TO THEIR NON-TRADITIONAL STUDENTS.	18,972,880
3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2022)

Page 8

Part IX

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

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

purposes:

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

1,586,100,282

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

10,174,127

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

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

1,596,274,409

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

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

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

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

1,596,274,409

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

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

23,944,116

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

1,572,330,293

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

78,616,515

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

78,616,515

Tax on investment income for 2022 from Part V, line 5.......

Income tax for 2022. (This does not include the tax from Part V.) ...

389,712

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

389,712

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

78,226,803

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

338,475

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

78,565,278

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

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

78,565,278

Part XI

Qualifying Distributions (see instructions)

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

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

72,259,286

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

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

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

250,985

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

72,510,271

Form 990-PF (2022)

Page 9

Part XII

Undistributed Income (see instructions)

	(c) 2021	(d) 2022
1 Distributable amount for 2022 from Part X, line 7		78,565,278
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......	49,058,437
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2017......
b From 2018......
c From 2019......
d From 2020......
e From 2021......
f Total of lines 3a through e ........
4Qualifying distributions for 2022 from Part
XI, line 4: $ 72,510,271
a Applied to 2021, but not more than line 2a	49,058,437
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2022 distributable amount.....		23,451,834
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2022.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2021. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2022. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2023 ..........		55,113,444
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2017 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2023. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2018....
b Excess from 2019....
c Excess from 2020....
d Excess from 2021....
e Excess from 2022....

Form 990-PF (2022)

Page 10

Part XIII

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

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling ...... right arrow

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

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2022	(b) 2021	(c) 2020	(d) 2019	(e) Total

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 right arrow

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

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

DANIELS FUND GRANTS PROGRAM
101 MONROE STREET
DENVER,CO80206
(303) 393-7220
GRANTSINFO@DANIELSFUND.ORG

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

DANIELS FUND GRANTS BROCHURE AND ADDITIONAL INFORMATION ON THE DANIELS FUND GRANTS PROGRAM IS AVAILABLE ON OUR WEBSITE AT WWW.DANIELSFUND.ORG/GRANTS/GRANT-APPLICATION. PLEASE FEEL FREE TO CONTACT US AT GRANTSINFO@DANIELSFUND.ORG DANIELS FUND SCHOLARSHIP BROCHURE AND ADDITIONAL INFORMATION ON THE DANIELS FUND SCHOLARSHIP PROGRAM IS AVAILABLE ON OUR WEBSITE AT WWW.DANIELSFUND.ORG/SCHOLARSHIPS. DANIELS SCHOLARSHIPS ARE AWARDED IN THE SPRING TO GRADUATING HIGH SCHOOL SENIORS AND ARE SUPPLEMENTAL AFTER OTHER FEDERAL, STATE, INSTITUTIONAL, AND PRIVATE FINANCIAL AID AND SCHOLARSHIPS.

cAny submission deadlines:

NONE. ANNUALLY - MID NOVEMBER

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

THE DANIELS FUND GRANTS PROGRAM SUPPORTS NONPROFIT ORGANIZATIONS IN COLORADO, NEW MEXICO, UTAH, WYOMING, AS WELL AS PROGRAMS WITH A NATIONAL IMPACT. FOR A LIST OF FUNDING AREAS, VISIT OUR WEBSITE AT WWW.DANIELSFUND.ORG/GRANTS/FUNDING-AREAS. STUDENTS MAY USE THEIR SCHOLARSHIP AT ANY TWO- OR FOUR- YEAR ACCREDITED NONPROFIT COLLEGE OR UNIVERSITY IN THE UNITED STATES WITH AN INTENTION TO COMPLETE A BACHELOR'S DEGREE. DANIELS SCHOLARS ARE OUTSTANDING YOUNG PEOPLE WHO POSSESS TREMENDOUS STRENGTH OF CHARACTER, THE PASSION TO SUCCEED, A WILLINGNESS TO WORK HARD, AND A COMMITMENT TO GIVING BACK TO THE COMMUNITY - ALL VALUES THAT DANIELS FUND FOUNDER, BILL DANIELS FELT WERE CRITICAL TO SUCCESS IN LIFE. DANIELS OPPORTUNITY SCHOLARSHIPS ARE DISTRIBUTED TO TWO- AND FOUR-YEAR COLLEGES AND UNIVERSITIES IN COLORADO, NEW MEXICO, UTAH, AND WYOMING THAT PROVIDE SCHOLARSHIPS TO SUPPORT NON-TRADITIONAL STUDENTS INCLUDING ADULTS ENTERING OR RETURNING TO COLLEGE; STUDENTS FORM ALTERNATIVE SCHOOLS, JUVENILE J

Form 990-PF (2022)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
SEE ATTACHED STATEMENT 101 MONROE STREET DENVER,CO80206		PC	SEE ATTACHED STATEMENT	63,585,856
Total ................................. 3a				63,585,856

bApproved for future payment
SEE ATTACHED STATEMENT 101 MONROE STREET DENVER,CO80206	PC	SEE ATTACHED STATEMENT	21,443,795
Total ................................. 3b			21,443,795

Form 990-PF (2022)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	116,046
4 Dividends and interest from securities ....			14	3,403,419
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 ............	523000	1,435,285	18	36,025,373
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER PARTNERSHIP LOSS			14	-43,154,203
bENERVEST 14-UBTI	523000	-556,423
cCHARLESBANK OVER-UBTI	523000	-294,726
dPLATTE RIVER IV-UBTI	523000	-243,795
ePLATTE RIVER III-UBTI	523000	-90,573
fCHARLESBANK 9-UBTI	523000	-87,801
gMADISON VIII-UBTI	523000	-68,449
hDENHAM V-UBTI	523000	-15,096
iAXIOM ASIA IV-UBTI	523000	-8,136
jGENERAL ATLANTIC-UBTI	523000	-3,075
kFORTRESS-UBTI	523000	-1,405
lAXIOM ASIA V-UBTI	523000	-1,364
mPLATTE RIVER IV CO-UBTI	523000	-628
nAXIOM ASIA CO-UBTI	523000	-113
oDENHAM VI-UBTI	523000	96
pEIG XIV-UBTI	523000	301
qBLACKSTONE-UBTI	523000	8,024
rSPINNAKER-UBTI	523000	21,639
sCHARLESBANK 6-UBTI	523000	26,500
tPARTNERSHIP-UBTI	523000	2,378,176
12 Subtotal. Add columns (b), (d), and (e) ..		2,498,437		-3,609,365

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

-1,110,928

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2022)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2022)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2022 AccountingFeesSchedule

Name:

DANIELS FUND

EIN:

84-1393308

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
KUNDINGER, CORDER & MONTOYA, P.C	51,950			51,950

- TIN:

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

TY 2022 DepreciationSchedule

Name:

DANIELS FUND

EIN:

84-1393308

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
DEPRECIATION						466,253

- TIN:

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

TY 2022 GainLossSaleOtherAssetsSch

Name:

DANIELS FUND

EIN:

84-1393308

Name	How Acquired	Gross Sales Price	Basis	Total (net)
SPINNAKER GLOBAL	PURCHASE	1	18,666	-18,665
AXIOM ASIA CO-INVESTMENT I	PURCHASE	674		674
CHARLESBANK 6	PURCHASE	11,949		11,949
CHARLESBANK 9	PURCHASE	37		37
CHARLESBANK 9	PURCHASE	1	5,186	-5,185
CHARLESBANK OVERAGE	PURCHASE	7,162		7,162
GENERAL ATLANTIC 2019	PURCHASE	65,619		65,619
MADISON DEARBORN VI	PURCHASE	360,405		360,405
MADISON DEARBORN VIII	PURCHASE	7,418		7,418
PLATTE RIVER IV	PURCHASE	345		345
EIG ENERGY FUND XIV	PURCHASE	1	55,986	-55,985
EIG ENERGY FUND XV	PURCHASE	1	82,768	-82,767
EIG ENERGY FUND XVI	PURCHASE	1,042,291		1,042,291
VARDE	PURCHASE	103,826		103,826
VARDE	PURCHASE	1	1,840	-1,839

- TIN:

TY 2022 InvestmentsCorpBondsSchedule

Name:

DANIELS FUND

EIN:

84-1393308

Name of Bond	End of Year Book Value	End of Year Fair Market Value
PIMCO SHORT TERM FUND	65,607,185	63,543,807

- TIN:

TY 2022 InvestmentsCorpStockSchedule

Name:

DANIELS FUND

EIN:

84-1393308

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ADAGE CAPITAL PARTNERS	208,890,113	297,972,485
BAKER BROTHERS	40,000,000	24,100,800
DURABLE CAPITAL	30,000,000	31,549,438
GMO EMERGING FUND	29,861,718	22,154,388
GMO QUALITY FUND	35,307,515	36,056,266
HIGHFIELDS CAPITAL
IBEX	945,121	407,587
INDUS ASIA PACIFIC FUND
KYLIN OFFSHORE FUND
NEWPORT ASIA INST FUND	21,095,103	45,786,558
ROCK SPRINGS OFFSHORE FUND	10,000,000	18,753,002
SPINNAKER GLOBAL FUND	52,550,447	50,467,703
VIKING GLOBAL EQUITIES III	4,963,282	37,988,495
VIKING GLOBAL OPPORTUNITES III	22,400,000	45,855,375
WHALE ROCK	30,000,000	20,446,227

- TIN:

TY 2022 InvestmentsOtherSchedule2

Name:

DANIELS FUND

EIN:

84-1393308

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ACTIS EMERGING MARKETS 3	AT COST	1,024,073	142,000
ACTIS EMERGING MARKETS 4	AT COST	6,399,262	8,649,000
AG ENERGY	AT COST	1,501,914	747,197
ANCHORAGE	AT COST	9,721,398	12,531,024
AXIOM ASIA	AT COST		890,626
AXIOM ASIA IV	AT COST	7,545,297	18,042,590
AXIOM ASIA V	AT COST	9,540,808	15,474,701
AXIOM ASIA CO-INVESTMENT I	AT COST	3,883,640	5,735,683
AXIOM ASIA CO-INVESTMENT II	AT COST	3,555,353	4,109,204
BAXTER STREET	AT COST	20,000,000	22,472,348
BLACKSTONE	AT COST	18,604,391	26,659,091
BLUEWATER II	AT COST	39,182,672	39,182,458
CANYON VALUE FUND	AT COST	25,000,000	26,730,290
CEVIAN	AT COST	20,000,000	26,763,964
CHARLESBANK EQUITY VI	AT COST	88,613	434,931
CHARLESBANK IX	AT COST	3,295,426	5,626,984
CHARLESBANK OVERAGE	AT COST	2,680,972	5,368,837
CDR FUND VIII	AT COST	1,063,970	1,858,877
CDR FUND IX	AT COST	10,473,390	26,632,096
DENHAM PARTNERS V	AT COST	920,282	1,967,683
DENHAM PARTNERS VI	AT COST	6,556,677	5,828,662
EIG ENERGY FUND XIV	AT COST	1,891,218	546,485
EIG ENERGY FUND XV	AT COST	3,875,707	1,983,874
EIG ENERGY FUND XVI	AT COST	10,613,479	14,891,683
ENERVEST ENERGY FUND XIV	AT COST	13,181,329	12,876,042
FARALLON CAPITAL PARTNERS	AT COST	43,606,720	43,889,734
FARALLON SPECIAL FUND, LP	AT COST	5,570,518	8,603,712
FARALLON SPECIAL II FUND, LP	AT COST	8,046,528	8,843,409
FORTESS CREDIT FUND	AT COST	5,271,556	550,026
GENERAL ATLANTIC	AT COST	20,235,820	21,835,188
GOLUB 14	AT COST	16,000,000	16,330,174
GREENPARK INVESTORS III	AT COST	1,419,118	39,768
INDUS SELECT	AT COST	20,000,000	25,326,809
IVP 17	AT COST	5,595,532	6,318,258
IVP-AIVEN CO-INVEST	AT COST	94,923	94,812
KING STREET CAPITAL	AT COST	14,118,611	26,141,050
MADISON PARTNERS V	AT COST	960,434	1,230,014
MADISON PARTNERS VI	AT COST	1,437,728	2,275,809
MADISON PARTNERS VII	AT COST	18,953,960	33,118,223
MADISON PARTNERS VIII	AT COST	12,225,509	13,656,104
MADISON VIII-ARDONAGH CO-INVEST	AT COST	6,026,430	6,426,768
MADISON VI SVP	AT COST	545,722	5,331,737
MERITAGE FUND III	AT COST	4,520,805	5,358,674
MHR PARTNERS II	AT COST	2,910,709	2,265,359
MHR PARTNERS III	AT COST	2,382,653	2,435,131
MHR PARTNERS IV	AT COST	12,454,986	19,160,595
MID OCEAN 6	AT COST	1,395,475	1,296,800
MID OCEAN CREDIT	AT COST	13,767,077	13,688,141
MOUNT KELLETT	AT COST	4,036,261	1,335,629
OAKTREE-WLT	AT COST	1,417,471	168,478
OCH-ZIFF 3	AT COST	2,086,738	3,368,901
OCH-ZIFF REAL ESTATE TE FUND	AT COST
OWL ROCK FIRST LIEN FUND	AT COST	13,073,772	13,270,414
OZ OVERSEAS FUND	AT COST	508,781	853,385
PLATTE RIVER III	AT COST	10,651,196	8,006,751
PLATTE RIVER IV	AT COST	8,394,372	10,414,977
PLATTE RIVER CO-INVEST	AT COST	468,019	500,000
SOLE SOURCE CAPITAL 2	AT COST	1,356,999	8,690,595
SPDR GOLD TRUST	AT COST	48,025,179	51,782,610
TIAGA BIOTECHNOLOGIES	AT COST	21,841,119	21,841,119
THOMA BRAVO 14	AT COST	27,944,035	26,760,988
THOMA BRAVO CREDIT II	AT COST	15,000,309	15,837,258
VARDE XIII	AT COST	15,976,507	16,473,245
VERITAS 7	AT COST	13,250,124	19,329,283
VESTAR CAPITAL PARTNERS V	AT COST	29,480	29,484
UBS-ISHARES 500	AT COST	11,717,885	9,573,745
WESTCAP II	AT COST	10,821,833	11,673,044
WHITEWATER II	AT COST	39,292,660	39,277,077
ZAYO GROUP HOLDINGS	AT COST	10,790	10,739

- TIN:

TY 2022 LandEtcSchedule2

Name:

DANIELS FUND

EIN:

84-1393308

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
BUILDING AND BLDG IMPROVEMENTS	13,085,215	7,382,783	5,702,432	5,702,432
FURNITURE AND FIXTURES	1,246,612	1,183,669	62,943	62,943
OFFICE EQUIPMENT	1,084,856	1,044,800	40,056	40,056
COMPUTER EQUIPMENT	1,459,333	1,303,982	155,351	155,351
COMPUTER SOFTWARE	349,696	348,081	1,615	1,615
LAND	5,150,038		5,150,038	5,150,038

- TIN:

TY 2022 LegalFeesSchedule

Name:

DANIELS FUND

EIN:

84-1393308

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
BARTLIT BECK LLP	23,005	15,586	740
DAVIS GRAHAM & STUBBS LLP	5,240		5,240
HAMILTON VOPELAK PC	8,925	3,838	3,443
JOHN R. GARRETT	27,750	19,424
SEYFARTH SHAW LLP	10,215		10,215

- TIN:

TY 2022 OtherExpensesSchedule

Name:

DANIELS FUND

EIN:

84-1393308

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXPENSES
OTHER	85,141			85,141

- TIN:

TY 2022 OtherIncomeSchedule2

Name:

DANIELS FUND

EIN:

84-1393308

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER PARTNERSHIP LOSS	-43,154,203
ENERVEST 14-UBTI	-556,423
CHARLESBANK OVER-UBTI	-294,726
PLATTE RIVER IV-UBTI	-243,795
PLATTE RIVER III-UBTI	-90,573
CHARLESBANK 9-UBTI	-87,801
MADISON VIII-UBTI	-68,449
DENHAM V-UBTI	-15,096
AXIOM ASIA IV-UBTI	-8,136
GENERAL ATLANTIC-UBTI	-3,075
FORTRESS-UBTI	-1,405
AXIOM ASIA V-UBTI	-1,364
PLATTE RIVER IV CO-UBTI	-628
AXIOM ASIA CO-UBTI	-113
DENHAM VI-UBTI	96
EIG XIV-UBTI	301
BLACKSTONE-UBTI	8,024
SPINNAKER-UBTI	21,639
CHARLESBANK 6-UBTI	26,500
PARTNERSHIP-UBTI	2,378,176

- TIN:

TY 2022 OtherLiabilitiesSchedule

Name:

DANIELS FUND

EIN:

84-1393308

Description	Beginning of Year - Book Value	End of Year - Book Value
EXCISE TAX PAYABLE	1,664,149
INCOME TAX PAYABLE		68,237

- TIN:

TY 2022 OtherProfessionalFeesSchedule

Name:

DANIELS FUND

EIN:

84-1393308

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
AMERICAN PREPARATORY ACADEMY	8,500		8,500
DALE BRADLEY	20,623		20,623
COLORADO OUTWARD BOUND SCHOOL	4,000		4,000
SARA CROCKER	1,200		1,200
JEB DICKEY	150,000	105,000
ROBERT E. GRADY	30,000	21,000
DANIEL HELLE	37,500	26,250
BEVERLY KRACHER	5,000		5,000
TIMOTHY MAZUR	12,500		12,500
MARGARET MCENTEE	1,700		1,700
MONTICELLO ASSOCIATES, INC.	700,000	490,000
PROSONO, LLC	61,484		61,484
RASSMAN DESIGN, LLC	50,697		50,697
RICHEY MAY ADVISORY	10,000		10,000
SCOTT SCHOELZEL	30,000	21,000
THE KNASTER TECH GROUP LLC	6,195		6,195
WILLIVER GROUP, LLC	3,700	2,590
YOUSCIENCE	1,695		1,695
ZR DESIGNS, LLC	4,306		4,306

- TIN:

TY 2022 TaxesSchedule

Name:

DANIELS FUND

EIN:

84-1393308

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXCISE TAX	1,130
INCOME TAX	392,713