Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
The Arnow Family Fund Inc
 
% David Arnow
Number and street (or P.O. box number if mail is not delivered to street address)675 Third Avenue 27th Fl
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
New York, NY10017
A Employer identification number

13-3188773
B Telephone number (see instructions)

(212) 869-9700
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$45,608,333J 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) 23,960,819
2 Check right arrow.............
3 Interest on savings and temporary cash investments 69,763 69,763  
4 Dividends and interest from securities... 375,477 375,477  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 705,261
b Gross sales price for all assets on line 6a 79,474,180
7 Capital gain net income (from Part IV, line 2)... 707,686
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
204,284 202,830  
12 Total. Add lines 1 through 11........ 25,315,604 1,355,756  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
198,978 186,978   12,000
17 Interest............... 3,911      
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
182,193 23,146    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
287,599 228,153   44,766
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 672,681 438,277   56,766
25 Contributions, gifts, grants paid....... 3,600,000 3,600,000
26 Total expenses and disbursements. Add lines 24 and 25 4,272,681 438,277   3,656,766
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 21,042,923
b Net investment income (if negative, enter -0-) 917,479
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,482,379 692,950 692,950
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   36,479    
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 5,424,870 Click to see attachment
List of Attached Documents:
// Content
13,193,016 		13,126,761
b Investments—corporate stock (attach schedule)....... 4,834,558 Click to see attachment
List of Attached Documents:
// Content
5,620,983 		6,660,921
c Investments—corporate bonds (attach schedule)....... 1,904,591 Click to see attachment
List of Attached Documents:
// Content
1,903,619 		1,760,000
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 9,450,008 Click to see attachment
List of Attached Documents:
// Content
21,320,240 		23,367,701
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,132,885 42,730,808 45,608,333
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,445,000 		 
23 Total liabilities (add lines 17 through 22)......... 1,445,000 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 21,687,885 42,730,808
29 Total net assets or fund balances (see instructions)..... 21,687,885 42,730,808
30 Total liabilities and net assets/fund balances (see instructions). 23,132,885 42,730,808
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
21,687,885
2
Enter amount from Part I, line 27a .....................
2
21,042,923
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
42,730,808
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
42,730,808
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c Sec 751 Gain on Sale of Ptshp Reclass      
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 79,474,180   79,261,809 212,371
b       495,776
c       -461
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       212,371
b        
c        
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 707,686
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 12,753
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 12,753
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 12,753
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 23,700
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 23,700
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 3
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 10,944
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow10,944 Refundedright arrow 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowDavid Arnow Telephone no.right arrow (212) 869-9700

Located atright arrow675 Third Avenue 27New YorkNY ZIP+4right arrow10017
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2022 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Benjamin Arnow VP, Dir
5.0 		0 0 0
675 Third Avenue 27th Fl
New York,NY10017
Chloe Arnow Dir
5.0 		0 0 0
675 Third Avenue 27th Fl
New York,NY10017
David Arnow Dir, Pres
5.0 		0 0 0
675 Third Avenue 27th Fl
New York,NY10017
Eli Arnow Dir
5.0 		0 0 0
675 Third Avenue 27th Fl
New York,NY10017
Joshua Arnow Dir, Sec
5.0 		0 0 0
675 Third Avenue 27th Fl
New York,NY10017
Leslie Arnow Dir
1.0 		0 0 0
675 Third Avenue 27th Fl
New York,NY10017
Madeleine J Arnow Dir, Treas
5.0 		0 0 0
675 Third Avenue 27th Fl
New York,NY10017
Talia Arnow Dir
5.0 		0 0 0
675 Third Avenue 27th Fl
New York,NY10017
Elyse Arnow Brill Dir
5.0 		0 0 0
675 Third Avenue 27th Fl
New York,NY10017
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
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
Cambridge Associates Investment Mgmt 76,872
115 Federal Street STE 2600
BOSTON,MA021102112
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
20,704,129
b
Average of monthly cash balances.......................
1b
2,885,030
c
Fair market value of all other assets (see instructions)................
1c
21,308,116
d
Total (add lines 1a, b, and c).........................
1d
44,897,275
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
250,420
3
Subtract line 2 from line 1d.........................
3
44,646,855
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
669,703
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
43,977,152
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,198,858
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
2,198,858
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
12,753
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
12,753
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,186,105
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,186,105
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,186,105
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
3,656,766
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,656,766
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 2,186,105
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......  
b Total for prior years:2020, 2019, 2018  
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019...... 149,656
d From 2020...... 2,273,913
e From 2021...... 1,033,337
f Total of lines 3a through e ........ 3,456,906
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 3,656,766
a Applied to 2021, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2022 distributable amount..... 2,186,105
e Remaining amount distributed out of corpus 1,470,661
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 4,927,567
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
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 ...... 		4,927,567
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019.... 149,656
c Excess from 2020.... 2,273,913
d Excess from 2021.... 1,033,337
e Excess from 2022.... 1,470,661
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2022)
Form 990-PF (2022)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

CHAMAH

473 EMPIRE BLVD
BROOKLYN,NY11225 		N/A PC General & Unrestricted 25,000

JEWISH COMMUNAL FUND

575 MADISON AVE STE 703
NEW YORK,NY10022 		N/A PC General & Unrestricted 3,575,000
Total .................................right arrow 3a 3,600,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 69,763  
4 Dividends and interest from securities ....     14 375,477  
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 ............ 		525990 -2,425 18 707,686  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 -37,948 14 199,212  
bFederal Tax Refund     01 28,394  
cSec 751 Gain on Sale of Ptshp 525990 461      
dSTATE TAX REFUND     01 10,481  
eCLASS ACTION LAWSUIT PROCEEDS     01 158  
fFOREIGN CURRENCY GAIN     01 3,526  
12 Subtotal. Add columns (b), (d), and (e) .. -39,912 1,394,697  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,354,785
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


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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
2022
Name of the organization
The Arnow Family Fund Inc
 
Employer identification number

13-3188773
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) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
The Arnow Family Fund Inc
  		Employer identification number
13-3188773
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
RHA Revocable Trust-Estate of RHA
1114 Avenue of Americas
 
New York, NY10036

$ 23,960,819


(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) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
The Arnow Family Fund Inc
  		Employer identification number

13-3188773
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
1
 INVESTECO SUSTAINABLE FOOD FUND II LP ( $ 109,300 2022-01-01
(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) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
The Arnow Family Fund Inc
  		Employer identification number

13-3188773
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) (2022)
Additional Data


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TY 2022 DepreciationSchedule
Name:
The Arnow Family Fund Inc
EIN:
13-3188773
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2022 GeneralExplanationAttachment
Name:
The Arnow Family Fund Inc
EIN:
13-3188773
Identifier Return Reference Explanation
PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $707,686 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $(2,425) TOTAL PART I, LINE 6A: $705,261 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $79,474,180 BOOK BASIS: $79,261,809 NET GAIN/(LOSS): $212,371 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $495,776 SEC 751 GAIN ON SALE OF PTSHP RECLASS: NET GAIN/(LOSS): $(461)

TY 2022 InvestmentsCorpBondsSchedule
Name:
The Arnow Family Fund Inc
EIN:
13-3188773
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBOTT LABS BOND - 3.750% - 11 39,610 34,114
ABBVIE INC - 3.600% - 05/14/20 39,011 33,947
AIR PRODUCTS AND CHEMICALS INC 56,064 48,949
AMERICAN EXPRESS CO - 2.500% - 30,286 28,863
AMERICAN HONDA FIN CORP - 1.20 35,663 32,030
AMERICAN TOWER CORP - 3.125% - 16,034 13,761
AMGEN INC - 2.200% - 02/21/202 33,824 31,446
ANHEUSER-BUSCH - 3.650% - 02/0 32,210 28,895
ANTHEM INC NOTE - 3.650% - 12/ 38,060 33,081
AON GLOBAL LTD - 3.500% - 06/1 24,434 24,400
ASTRAZENECA FINANCE LLC - 0.70 19,788 18,850
BANK NOVA SCOTIA - 0.550% - 09 54,686 53,276
BANK OF AMERICA - 4.000% - 04/ 65,618 64,228
BANK OF MONTREAL SER F - 0.625 54,995 51,400
BK OF AMERICA CORP SER N MTN - 49,000 45,098
BOSTON PPTYS - 3.800% - 02/01/ 10,429 9,824
CANADIAN PAC RY CO - 1.750% - 13,414 13,386
CARRIER GLOBAL CORP - 2.242% - 20,906 18,855
CATERPILLAR FINL SVCS - 0.650% 55,354 53,888
CITIGROUP INC - 3.200% - 10/21 53,201 50,939
CNH INDUSTRIAL CAPITAL LLC NT 20,497 19,659
COMCAST CORP - 3.300% - 02/01/ 56,144 47,183
CVS HEALTH - 3.875% - 07/20/20 28,148 24,414
DISNEY WALT CO - 1.750% - 01/1 35,382 32,068
EQUINIX INC - 2.900% - 11/18/2 12,988 10,968
GOLDMAN SACHS GROUP - 3.500% - 39,058 32,843
HEALTH CARE REIT - 4.000% - 06 19,447 19,481
HEALTHPEAK PROPERTIES INC NT - 19,880 16,765
INTEL - 3.750% - 08/05/2027 49,948 48,090
INTERCONTINENTAL EXCHANGE INC 37,835 34,103
INTERNATIONAL BK - 0.250% - 11 15,966 15,379
JOHN DEERE CAP CORP - 3.450% - 53,598 49,374
JP MORGAN CHASE - 3.900% - 07/ 80,997 78,211
LOCKHEED MARTIN CORP NOTE - 5. 35,075 35,771
LONGVIEW TX TBLE-REF LTD - 0.7 55,000 51,984
LOWES COS INC NOTE CALL - 2.50 37,299 32,617
MARSH & MCLENNAN COS - 3.875% 38,269 34,526
MICROSOFT CORP - 3.125% - 11/0 15,971 14,504
MORGAN STANLEY SER I MTN CALL 34,728 30,739
NORTHROP GRUMMAN CORP - 2.930% 36,906 33,591
PNC FINL SVCS - 3.500% - 01/23 31,272 29,564
ROYAL BK OF CANADA - 2.050% - 52,455 49,672
SANOFI - 3.375% - 06/19/2023 52,537 49,616
SIMON PPTY GROUP LP - 3.375% - 31,752 29,114
STARBUCKS CORP - 2.450% - 06/1 44,896 41,929
STATE STR CORP NOTE - 2.354% - 50,154 47,673
TORONTO DOMINION BANK - 1.950% 52,433 49,075
UNITEDHEALTH GROUP INC - 3.750 48,333 44,024
VENTURA CNTY CALIF CMNTY COLLE 40,000 38,300
VERIZON COMMUNICATIONS INC - 2 34,064 29,533

TY 2022 InvestmentsCorpStockSchedule
Name:
The Arnow Family Fund Inc
EIN:
13-3188773
Name of Stock End of Year Book Value End of Year Fair Market Value
3M CO 8,760 7,915
ABBOTT LABS 8,198 15,590
ABBVIE INC 35,048 43,311
ADOBE SYSTEMS, INC 58,655 65,287
ADVANCE AUTO PARTS INC 28,198 29,406
ADVANCED MICRO DEVICES INC 8,650 6,088
AGILENT TECHNOLOGIES INC 31,434 55,969
AIR PRODS & CHEM INC 9,780 12,639
AKAMAI TECH COM STK 1,260 1,180
ALBEMARLE CP 1,084 867
ALEXANDRIA REAL ESTATE EQUITIE 1,946 2,185
ALPHABET INC CL C 53,299 122,447
AMER INTERNATIONAL GROUP INC 14,765 17,707
AMERICAN EXPRESS CO 12,076 13,741
AMERICAN TOWER REIT INC 8,151 10,169
AMERICAN WATER WORKS COMPANY I 46,979 59,291
AMERIPRISE FINANCIAL INC 32,724 43,280
AMGEN INC 1,008 1,313
AMPHENOL CORPORATION 22,799 29,009
ANALOG DEVICES INC 17,605 32,806
AON PLC CL A 31,400 66,931
APPLE INC 37,417 175,406
APPLIED MATERIALS INC 30,152 56,286
APTAR GROUP INC 14,646 24,746
APTIV PLC 1,594 1,583
ARCHER DANIELS MDLND 1,535 1,578
ARISTA NETWORKS 13,158 14,319
AT&T, INC 30,144 26,032
AUTOMATIC DATA PROCESSING INC 20,587 26,752
AUTOZONE INC 6,479 7,399
BANK NEW YORK MELLON CORP COM 4,421 5,326
BANK OF AMERICA CORP 29,556 34,147
BECTON DICKINSON & CO 4,486 5,086
BOEING CO 20,968 21,716
BOOKING HOLDINGS INC 59,888 68,520
BRISTOL-MYERS SQUIBB CO 18,784 23,024
BROADCOM INC 15,601 30,193
CAPITAL ONE FINANCIAL CORP 5,211 5,299
CARRIER GLOBAL 35,586 39,188
CDW CORP 24,570 28,216
CHARLES SCHWAB CORP 15,415 20,232
CHUBB LIMITED 27,419 32,869
CIGNA CORPORATION 4,416 9,940
CINTAS CRP 869 2,258
CISCO SYSTEMS INC 36,559 41,780
CITIGROUP INC 30,406 22,977
CME GROUP, INC 65,322 67,600
COGNIZANT TECHNOLOGY SOLUTIONS 24,322 17,500
COLGATE-PALMOLIVE COMPANY 38,720 41,365
COMCAST CORP 34,403 29,445
CONSOLIDATED EDISON INC 57,777 55,661
CONSTELLATION ENERGY GROUP INC 15,583 24,742
COPART INC 7,658 13,518
CORNING INC 841 1,341
CORTEVA INC 15,627 18,633
COSTCO WHOLESALE CORPORATION 55,681 53,411
CROWN CASTLE INTL 866 949
CUMMINS INC 37,863 54,758
D R HORTON 2,378 3,298
DANAHER CORP 56,982 86,262
DEERE CO 13,636 15,864
DEXCOM, INC 1,146 1,359
DOLLAR GENERAL CORP 11,172 12,313
DOLLAR TREE INC 11,310 9,476
DOW INC 1,680 2,973
DU PONT DE NEMOURS 974 2,059
DXC TECHNOLOGY COMPANY 3,205 2,836
EATON CORP PLC 2,313 4,395
EBAY INC 17,799 18,910
ECOLAB INC 55,402 49,782
EDWARDS LIFESCIENCES 12,075 10,072
ELEVANCE HEALTH INC 19,595 22,058
ELI LILLY & CO 25,218 31,096
EMERSON ELECTRIC CO 54,892 71,757
ENPHASE ENERGY ORD SHS 32,518 51,137
EPAM SYSTEMS INC 2,417 2,622
EQUINIX, INC 2,730 3,275
ESTEE LAUDER COMPANIES INC 72,591 88,079
ETSY INC 10,157 12,577
EXELON CORPORATION 4,129 7,349
EXPEDITORS INTL WASH INC 2,468 1,974
FIDELITY NATIONAL INFORMATION 11,736 7,599
FIRST REPUBLIC BANK 615 853
FISERV INC 28,727 26,581
FLEETCOR TECHNOLGIES INC 1,714 1,653
FORD MOTOR COMPANY 20,505 23,260
FORTINET INC 10,253 7,334
FORTIVE CORPORATION 2,368 2,249
GARTNER INC 20,183 26,219
GENERAL ELECTRIC CO 5,356 7,122
GENERAL MILLS INC 1,871 3,019
GLOBAL PAYMENTS INC 989 695
GRAINGER W W INC 17,104 22,250
HEWLETT PACKARD ENTERPRISE CO 2,178 2,043
HILTON WORLDWIDE HOLDINGS, INC 763 1,390
HOME DEPOT INC 82,374 112,446
HP INC 17,102 20,824
HUNT J B 688 1,395
ILLINOIS TOOL WORKS 5,979 9,914
INTERCONTINENTAL EXCHANGE, INC 6,086 5,437
INTUIT 48,189 68,114
INTUITIVE SURGICAL 3,416 5,572
JOHNSON & JOHNSON 32,482 42,396
JP MORGAN CHASE 49,279 40,230
KIMBERLY CLARK CORP 2,791 3,258
KIMCO RLTY CORP 35,433 38,039
KLA TENCOR CORP 955 2,639
KROGER CO 3,124 4,547
L3HARRIS TECHNOLOGIES 2,775 3,540
LAM RESEARCH CORP 2,657 3,362
LAS VEGAS SANDS CORP 7,068 9,614
LENNAR CORP 1,100 2,444
LINDE PLC COM 20,607 33,270
LOCKHEED MARTIN CORP 15,008 16,541
LOWES COMPANIES INC 8,034 7,970
MARSH AND MCLENNAN COMPANIES I 4,890 7,943
MASTERCARD INC 36,022 50,073
MCCORMICK & CO 62,450 59,598
MCKESSON CORP 10,409 12,754
MEDTRONIC PLC 9,468 8,627
MERCK & CO INC 119,604 185,730
METLIFE INC 38,200 49,356
MGM RESORTS INTERNATIONAL 1,437 2,179
MICRON TECHNOLOGY 4,963 4,448
MICROSOFT CORP 213,883 342,224
MODERNA, INC 8,159 8,083
MONDELEZ INTERNATIONAL INC 29,284 44,989
MONSTER BEVERAGE CORP 7,630 10,864
MOODYS CORP 4,894 6,966
MORGAN STANLEY 26,277 47,016
MOTOROLA SOLUTIONS INC 785 1,546
NETAPP, INC 1,415 1,381
NETFLIX INC 102,728 63,399
NEWMONT GOLDCORP CORPORATION 10,671 10,998
NEXTERA ENERGY, INC 31,570 39,292
NORWEGIAN CRUISE LINE HOLDINGS 1,270 1,359
NOVO NORDISK A S 14,559 41,955
NVIDIA CORP 37,922 50,418
O'REILLY AUTOMOTIVE INC 1,720 5,064
OLD DOMINION FREIGHT LINE 8,838 11,635
ON SEMICONDUCTOR 13,468 13,160
PACCAR INC 2,312 3,068
PAYCHEX 14,739 12,712
PAYPAL HOLDINGS, INC 58,961 38,530
PEPSICO INC 28,159 38,300
PFIZER INC 17,785 26,901
PNC FINANCIAL GROUP INC 88,836 103,135
PPG INDUSTRIES INC 903 1,383
PROGRESSIVE CORP OHIO 2,171 5,059
PROLOGIS 14,946 10,258
PUBLIC STORAGE INC 4,888 7,005
PUBLIC SVC ENTERPRISE GROUP IN 816 1,225
QUALCOMM INC 15,849 13,413
QUANTA SVCS INC 666 3,420
QUEST DIAGNOSTICS 21,958 23,153
RALPH LAUREN CORP 45,864 49,876
RAYTHEON TECHNOLOGIES CORP 16,666 25,129
REGENERON PHARMACEUTICALS INC 42,031 72,870
ROPER INDUSTRIES 566 864
ROSS STORES, INC 931 1,509
S&P GLOBAL INC COM 21,346 25,121
SALESFORCE.COM 24,023 20,684
SBA COMMUNICATIONS CORP 1,969 1,962
SEAGATE TECHNOLOGY HOLDINGS PL 6,805 6,261
SEMPRA ENERGY COM 3,994 5,563
SERVICE NOW 21,844 17,084
SHERWIN-WILLIAMS CO 6,686 4,747
SPDR BARCLAYS 1 TO 10 YEAR TIP 1,352,128 1,275,782
STRYKER CORPORATION 1,881 2,689
T-MOBILE US INC 24,323 27,300
T. ROWE PRICE GROUP 806 982
TARGET CORPORATION 53,299 58,871
TE CONNECTIVITY LTD 27,252 27,896
TELEDYNE TECH INC 11,537 10,398
TESLA MOTORS INC 71,945 34,121
TEXAS INSTRUMENTS INC 16,134 23,626
THE COCA-COLA CO 34,827 47,135
THERMO FISHER SCIENTIFIC INC 9,671 15,419
TJX COMPANIES INC 77,354 101,172
TRIMBLE NAV LTD 10,047 6,168
TRUIST FINANCIAL CORPORATION 6,146 5,938
ULTA SALON, COSMETICS & FRAGRA 10,363 13,603
UNION PACIFIC 26,905 24,641
UNITED RENTALS INC 717 3,554
UNITEDHEALTH GROUP INC 34,583 63,622
US BANCORP 9,078 9,856
VERISIGN INC 11,148 10,067
VERIZON COMMUNICATIONS 86,350 69,699
VERTEX PHARMCTLS INC 52,069 68,730
VICI PROPERTIES INC 6,638 6,998
VISA INC 77,322 157,274
VULCAN MATERIALS CO 2,222 4,553
WALGREENS BOOTS ALLIANCE 1,249 1,083
WASTE MANAGEMENT INC 2,302 3,922
WESTERN DIGITAL CORP 12,056 5,742
WESTINGHOUSE AIR BRAKE TECHNOL 34,963 46,012
WEYERHAEUSER CO 57,491 44,795
WILLIS TOWERS WATSON 849 1,223
XYLEM INC 45,048 53,295
YUM BRANDS INC 4,041 7,429
ZEBRA TECHNOLOGIES CORP 15,364 10,769

TY 2022 InvestmentsGovtObligationsSch
Name:
The Arnow Family Fund Inc
EIN:
13-3188773
US Government Securities - End of Year Book Value:

12,646,319
US Government Securities - End of Year Fair Market Value:

12,593,521
State & Local Government Securities - End of Year Book Value:


546,697
State & Local Government Securities - End of Year Fair Market Value:


533,240


TY 2022 InvestmentsOtherSchedule2
Name:
The Arnow Family Fund Inc
EIN:
13-3188773
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AC CARBON LP (AETOS II)   1,490,823 1,408,868
ACRE VENTURE PARTNERS III, L.P   39,379 39,378
AVANATH AFFORDABLE HOUSING IV,   452,437 490,522
BETTER VENTURES FUND III, LP   173,716 389,386
BLUE HIGHWAY GROWTH CAPITAL FU   171,201 169,905
BOSTON COMMON INT'L SUSTAINABL   3,181,791 3,265,769
CLEAN ENERGY FUND CLASS C ABSO   500,000 533,664
CLEAN ENERGY VENTURE FUND II,   17,814 17,230
CLEAN GROWTH FUND IV, LP   69,426 136,040
CLEAN GROWTH FUND V, LP   141,454 263,983
ECOSYSTEM INTEGRITY FUND IV, L   100,673 181,125
ELEVAR EQUITY IV, LP   275,633 990,994
GENERATION IM ASIA FUND L.P   1,236,790 1,237,394
HULL STREET ENERGY PARTNERS I,   241,384 520,283
HULL STREET ENERGY PARTNERS II   34,164 36,496
ILLUMEN CAPITAL II, LP   64,328 61,702
ILLUMEN CAPITAL, LP   235,305 331,657
INVESTECO SUSTAINABLE FOOD FUN   366,939 425,095
LANSDOWNE CLEAN ENERGY FUND IC   438,012 837,466
MAJ INVEST GLOBAL VALUE EQUITI   2,610,047 2,347,000
OWNERSHIP CAPITAL GLOBAL EQUIT   2,238,429 2,231,892
PARK STREET CAPITAL NRF III LP   10,885 7,007
PARK STREET CAPITAL NRF IV LP   17,942 14,989
PARK STREET CAPITAL NRF V LP   46,984 61,420
ROSE AFFORDABLE HOUSING PRESER   215,300 534,867
RRG GLOBAL PARTNERS FEEDER FUN   232,799 281,238
RRG SUSTAINABLE WATER IMPACT F   168,423 203,474
STEWART INVS GEMSL FD (DST)   1,178,532 1,068,171
SUMMIT SUSTAINABLE OPPORTUNITI   1,500,000 1,391,506
SUSTAINABLE ASSET FUND II (CAY   246,543 329,215
SUSTAINABLE ASSET FUND III (US   248,479 231,174
SUSTAINABLE ASSET FUND LP   177,210 156,374
TERRA ALPHA GLOBAL EQUITY FUND   3,002,300 2,748,672
TRUE GREEN CAPITAL FUND III L.   195,098 423,745

TY 2022 OtherExpensesSchedule
Name:
The Arnow Family Fund Inc
EIN:
13-3188773
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 38,361     38,361
Bank Charges 99 99    
Foundation Dues & Memberships 5,500     5,500
K-1 Exp AC CARBON LP (AETOS II 8,949 8,949    
K-1 Exp ACRE VENTURE PARTNERS 8,975 8,975    
K-1 Exp AVANATH AFFORDABLE HOU 362      
K-1 Exp BETTER VENTURES FUND I 6,496 6,496    
K-1 Exp BLUE HIGHWAY GROWTH CA 7,258 7,258    
K-1 Exp BOSTON COMMON INT'L SU 8,868 6,445    
K-1 Exp CLEAN ENERGY VENTURE F 3,465 3,465    
K-1 Exp CLEAN GROWTH FUND IV, 8,544 8,544    
K-1 Exp CLEAN GROWTH FUND V, L 8,503 8,346    
K-1 Exp ECOSYSTEM INTEGRITY FU 6,613 6,580    
K-1 Exp ELEVAR EQUITY IV, LP 7,462 7,462    
K-1 Exp GENERATION IM ASIA FUN 13,740 13,740    
K-1 Exp HULL STREET ENERGY PAR 16,859 16,859    
K-1 Exp ILLUMEN CAPITAL II, LP 10,947 10,947    
K-1 Exp ILLUMEN CAPITAL, LP 17,138 16,900    
K-1 Exp INVESTECO SUSTAINABLE 7,666 7,666    
K-1 Exp MAJ INVEST GLOBAL VALU 14,119 14,119    
K-1 Exp OWNERSHIP CAPITAL GLOB 7,493 7,493    
K-1 Exp PARK STREET CAPITAL NA 525 525    
K-1 Exp PARK STREET CAPITAL NA 1,296 823    
K-1 Exp PARK STREET CAPITAL NA 2,820 2,815    
K-1 Exp ROSE AFFORDABLE HOUSIN 110 110    
K-1 Exp RRG SUSTAINABLE WATER 2,468 2,468    
K-1 Exp STEWART INVS GEMSL FD 7,993 7,993    
K-1 Exp SUSTAINABLE ASSET FUND 8,393 8,393    
K-1 Exp SUSTAINABLE ASSET FUND 776 776    
K-1 Exp SUSTAINABLE ASSET FUND 3,987 3,062    
K-1 Exp TERRA ALPHA GLOBAL EQU 27,832 27,832    
K-1 Exp TRUE GREEN CAPITAL FUN 23,077 13,013    
State or Local Filing Fees 750     750
Website Hosting/Support 155     155


TY 2022 OtherIncomeSchedule2
Name:
The Arnow Family Fund Inc
EIN:
13-3188773
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss AVANATH AFFORDABLE HOUSING IV, LLC -7,050 -7,050  
K-1 Inc/Loss BETTER VENTURES FUND III, LP 387 387  
K-1 Inc/Loss BLUE HIGHWAY GROWTH CAPITAL FUND, LP 8,592 8,592  
K-1 Inc/Loss BOSTON COMMON INT'L SUSTAINABLE CLIM 46,195 46,195  
K-1 Inc/Loss CLEAN ENERGY VENTURE FUND II, LP #79 29 29  
K-1 Inc/Loss CLEAN GROWTH FUND IV, LP -613 893  
K-1 Inc/Loss CLEAN GROWTH FUND V, LP 6,500 6,134  
K-1 Inc/Loss ECOSYSTEM INTEGRITY FUND IV, L.P 149 135  
K-1 Inc/Loss GENERATION IM ASIA FUND L.P 22,637 22,637  
K-1 Inc/Loss HULL STREET ENERGY PARTNERS II, L.P -1,419    
K-1 Inc/Loss ILLUMEN CAPITAL II, LP 237 241  
K-1 Inc/Loss ILLUMEN CAPITAL, LP 836 841  
K-1 Inc/Loss INVESTECO SUSTAINABLE FOOD FUND II, 3,656 3,656  
K-1 Inc/Loss MAJ INVEST GLOBAL VALUE EQUITIES FUN 36,941 36,941  
K-1 Inc/Loss OWNERSHIP CAPITAL GLOBAL EQUITY (USD 4,987 4,987  
K-1 Inc/Loss PARK STREET CAPITAL NATURAL RESOURCE 1,323 1,329  
K-1 Inc/Loss PARK STREET CAPITAL NATURAL RESOURCE 1,615 1,224  
K-1 Inc/Loss PARK STREET CAPITAL NATURAL RESOURCE 7,361 6,158  
K-1 Inc/Loss ROSE AFFORDABLE HOUSING PRESERVATION 8,609 8,609  
K-1 Inc/Loss RRG SUSTAINABLE WATER IMPACT FD B LP 4,771 4,771  
K-1 Inc/Loss STEWART INVS GEMSL FD (DST) 12,036 12,036  
K-1 Inc/Loss SUSTAINABLE ASSET FUND II (CAYMAN) L 9,684 9,684  
K-1 Inc/Loss SUSTAINABLE ASSET FUND III (US FEEDE 4,972 4,972  
K-1 Inc/Loss SUSTAINABLE ASSET FUND LP 19,321 -4,387  
K-1 Inc/Loss TERRA ALPHA GLOBAL EQUITY FUND LP 30,132 30,132  
K-1 Inc/Loss TRUE GREEN CAPITAL FUND III L.P -60,624    
Class Action Lawsuit Proceeds 158 158  
Federal Tax Refund 28,394    
Foreign Currency Gain 3,526 3,526  
Sec 751 Gain on Sale PARK STREET CAPITAL NATURAL R 68    
State Tax Refund 10,481    
SEc 751 gain on sale Park St Cap NRF III 393    


TY 2022 OtherLiabilitiesSchedule
Name:
The Arnow Family Fund Inc
EIN:
13-3188773
Description Beginning of Year - Book Value End of Year - Book Value
LINE OF CREDIT 1,445,000  


TY 2022 OtherProfessionalFeesSchedule
Name:
The Arnow Family Fund Inc
EIN:
13-3188773
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 186,978 186,978    
Philanthropic Consulting Srvcs 12,000     12,000


TY 2022 TaxesSchedule
Name:
The Arnow Family Fund Inc
EIN:
13-3188773
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2022 23,700      
990-PF Excise Tax for 2021 2,247      
990-PF Extension for 2021 8,500      
990-T Extension for 2021 86,600      
Foreign Tax Paid 23,146 23,146    
State Income Tax 2021 38,000