TY 2021 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.
bullet

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

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 04-01-2021 , and ending 03-31-2022

Name of foundation
1848 FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)61 EAST 11TH STREET 10TH FLOOR
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10003

A Employer identification number

06-6302129

B Telephone number (see instructions)

(914) 524-9000

C If exemption application is pending, check here bullet

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............. bullet

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

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

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 ....... bullet

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

$9,631,746J 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
4	Dividends and interest from securities...	157,069		157,069
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		789,523
b	Gross sales price for all assets on line 6a 1,957,183
7	Capital gain net income (from Part IV, line 2)...			789,523
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	946,592		946,592
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		42,900	8,580	34,320
c	Other professional fees (attach schedule)....		118,342	90,262	28,080
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		15,254	254	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	176,496		99,096	62,400
25	Contributions, gifts, grants paid.......	444,000			444,000
26	Total expenses and disbursements. Add lines 24 and 25	620,496		99,096	506,400
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	326,096
b	Net investment income (if negative, enter -0-)			847,496
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	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.............
	2	Savings and temporary cash investments.........	120,187	242,472	242,472
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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)	914,404	1,129,691	1,129,691
	b	Investments—corporate stock (attach schedule).......	7,656,027	7,664,100	7,664,100
	c	Investments—corporate bonds (attach schedule).......	815,765	595,483	595,483
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,506,383	9,631,746	9,631,746
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	9,506,383	9,631,746
	29	Total net assets or fund balances (see instructions).....	9,506,383	9,631,746
	30	Total liabilities and net assets/fund balances (see instructions).	9,506,383	9,631,746

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) ...............

9,506,383

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

326,096

Other increases not included in line 2 (itemize) bullet

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

9,832,479

Decreases not included in line 2 (itemize) bullet

200,733

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

9,631,746

Form 990-PF (2021)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(d) Date sold (mo., day, yr.)
1 a	CASH IN LIEU	P	2022-03-31
b	PUBLICLY TRADED STOCK	P	2022-03-31
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	119		119
b	1,784,237	1,167,660	616,577
c	172,827		172,827
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			119
b			616,577
c			172,827
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	789,523
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 (2021)

Page 4

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	11,780
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	11,780
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	10,253
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	15,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	25,253
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	13,473
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax13,473	Refunded	11	0

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. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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?.........

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

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 2021 or the taxable year beginning in 2021? 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 (2021)

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 bullet

N/A

The books are in care of bullet

MARC R KOPPELMAN CPA CBIZ MARKS Telephone no. bullet

(914) 524-9000

Located at bullet

4 MANHATTANVILLE ROAD SUITE 402PURCHASENY ZIP+4 bullet

10577

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

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

16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo

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

16 No

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

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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)

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

1a(4)

(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........ bullet

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

that were not corrected before the first day of the tax year beginning in 2021? .............

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 2021, did the foundation have any undistributed income (lines 6d

and 6e, Part XII) for tax year(s) beginning before 2021?....................

If "Yes," list the years bullet

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 2021 as a result of (1) any purchase by the foundation

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

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

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

if the foundation had excess business holdings in 2021.) .....................

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 2021? ..

Form 990-PF (2021)

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)

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

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

5a(4)

(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 here ......... bullet

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

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	(e) Expense account, other allowances
ALAN I RITTER	PRESIDENT 2.00	0	0	0
20 EAST 9TH STREET NO 23E NEW YORK,NY10003	PRESIDENT 2.00	0	0	0
BECKY HUBBERT	TREASURER 1.00	0	0	0
61 EAST 11TH STREET 10TH FL NEW YORK,NY10003	TREASURER 1.00	0	0	0
EILEEN S SILVERSTEIN	SECRETARY 1.00	0	0	0
20 EAST 9TH STREET NO 23E NEW YORK,NY10003	SECRETARY 1.00	0	0	0
JONATHAN RITTER	VICE-PRESIDENT 1.00	0	0	0
61 EAST 11TH STREET 10TH FL NEW YORK,NY10003	VICE-PRESIDENT 1.00	0	0	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
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2021)

Page 7

Part VII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
UBS FINANCIAL SERVICES INC	INVESTMENT ADVISORY	83,242
ONE STATE STREET SUITE 1600 HARTFORD,CT061033102	INVESTMENT ADVISORY	83,242
CBIZ MARKS PANETH LLC	ACCOUNTING	78,000
4 MANHATTANVILLE ROAD STE 402 PURCHASE,NY10577	ACCOUNTING	78,000

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

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......................... bullet

Form 990-PF (2021)

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...................

9,754,704

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

279,361

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

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

10,034,065

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.........................

10,034,065

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

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

150,511

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

9,883,554

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

494,178

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..................

494,178

Tax on investment income for 2021 from Part V, line 5.......

11,780

Income tax for 2021. (This does not include the tax from Part V.) ...

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

11,780

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

482,398

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

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

482,398

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

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

482,398

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 ..........

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...............................

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.

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7				482,398
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......			88,421
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2021 from Part
XI, line 4: $ 506,400
a Applied to 2020, but not more than line 2a			88,421
b Applied to undistributed income of prior years (Election required—see instructions).....		0
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2021 distributable amount.....				417,979
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2021.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........				64,419
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....

Form 990-PF (2021)

Page 10

Part XIII

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

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section 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 X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2021	(b) 2020	(c) 2019	(d) 2018	(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).)

ALAN I RITTER

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2021)

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
ACLU FOUNDATION 125 BROAD STREET 18TH FLOOR NEW YORK,NY10004		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	50,000
BREAD AND PUPPET THEATER 753 HEIGHTS ROAD GLOVER,VT05839		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	3,000
BTHS PA 29 FORT GREENE PL BROOKLYN,NY11217		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	3,000
CENTER FOR CHILDREN'S ADVOCACY 65 ELIZABETH STREET HARTFORD,CT06105		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	50,000
CENTER FOR CONSTITUTIONAL RIGHTS 666 BROADWAY 7TH FLOOR NEW YORK,NY10012		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	50,000
CENTRAL AMERICA LEGAL ASSISTANCE 240 HOOPER ST BROOKLYN,NY11211		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	50,000
COALITION FOR THE HOMELESS 129 FULTON STREET NEW YORK,NY10038		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	5,000
COMPASSION AND CHOICES 244 5TH AVENUE NEW YORK,NY10001		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	50,000
COOPERATION JACKSON 939 W CAPITOL ST JACKSON,MS39203		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	3,000
FOUNDATION FOR THE STUDY OF INDEPENDENT SOCIAL IDEAS 310 RIVERSIDE DRIVE NEW YORK,NY10025		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	15,000
GREENWICH VILLAGE SOCIETY 232 EAST 11 STREET NEW YORK,NY10003		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	3,000
LA MAMA ETC 74A EAST 4TH STREET NEW YORK,NY10003		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	1,000
LOCO-MOTION DANCE THEATRE FOR CHILDREN INC 131 EAST 10TH STREET NEW YORK,NY10003		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	3,000
MAKE THE ROAD NY 301 GROVE STREET BROOKLYN,NY11237		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	3,000
NEW YORK LIFE CIVIL LIBERTIES UNION 125 BROAD STREET 19TH FLOOR NEW YORK,NY10004		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	50,000
PLANNED PARENTHOOD OF INDIANA PO BOX 397 INDIANAPOLIS,IN46206		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	5,000
PLANNED PARENTHOOD OF NEW YORK 26 BLEEKER STREET NEW YORK,NY10012		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	50,000
SOUTHERN CENTER FOR HUMAN RIGHTS 83 POPLAR ST NW ATLANTA,GA30303		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	25,000
YALE UNIVERSITY 246 CHURCH STREET NEW HAVEN,CT06520		PC	TO FURTHER DONEE'S CHARITABLE PURPOSE	25,000
Total ................................. 3a				444,000

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(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 ...........
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	789,523
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		946,592	0

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

946,592

(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 (2021)

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 (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

1848 FOUNDATION

EIN:

06-6302129

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING & TAX PREPARATION SERVICES - CBIZ MARKS PANETH LLC	42,900	8,580		34,320

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

1848 FOUNDATION

EIN:

06-6302129

Name of Bond	End of Year Book Value	End of Year Fair Market Value
1000 SHS UNITED TECHNOLOGIES CORP 03.650%	1,013	1,013
37000 SHS NORTHERN STATES PWR-MINN 2.15%	37,008	37,008
30000 SHS UNITED PARCEL SERVICE - 3.40%	30,668	30,668
30000 SHS JOHNSON & JOHNSON COM 2.45%	29,939	29,939
17000 SHS BERSKSHIRE HATHAWAY INC 02.750%	17,215	17,215
36000 SHS FLORIDA POWER & LIGHT CO 3.125%	36,355	36,355
73000 SHS PUBLIC SERVICE ELEC 2.250%	69,912	69,912
32000 SHS WALT DISNEY CO 1.850	30,605	30,605
23000 SHS COCA-COLA B/E 03.45%	23,644	23,644
10000 SHS MIDSMERICAN ENERGY CO 03.65%	10,280	10,280
15000 SHS STATE STREET CORP B/E 03.300%	15,164	15,164
16000 SHS 3M CO B/E 03.050%	15,910	15,910
2000 SHS SUNTRUST BANKS INC 04.050%	2,065	2,065
21000 SHS NATIONAL RURAL UTILS COOP 03.40%	21,286	21,286
16000 SHS SUNTRUST BANKS INC 03.300%	16,111	16,111
9000 SHS ONCOR ELEC DELIVERY CO 03.700%	9,266	9,266
17000 SHS METLIFE INC B/E 4.368%	17,324	17,324
39000 SHS BK OF NY MELLON CORP 1.6%	37,636	37,636
27000 SHS DUKE ENERGY FLORIDA LLC 2.538%	26,402	26,402
19000 SHS JP MORGAN CHASE & CO B/E 4.452%	19,842	19,842
20000 SHS MASTERCARD	20,385	20,385
7000 SHS PEPSICO INC 2.625%	6,862	6,862
30000 SHS US BANKCORP MED TERM NTS 2.95%	30,109	30,109
8000 SHS VISA	7,470	7,470
16000 SHS STATE STREET CORP NTS 2.354%	15,786	15,786
17000 SHS ACE INA HOLDINGS INC B/E 3.350%	17,253	17,253
29000 SHS BK OF AMER CORP B/E 4.271%	29,973	29,973

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

1848 FOUNDATION

EIN:

06-6302129

Name of Stock	End of Year Book Value	End of Year Fair Market Value
829 SHS MERCK & CO INC	68,019	68,019
469 SHS WALT DISNEY CO	64,328	64,328
1985 SHS CISCO SYSTEMS INC	110,684	110,684
1526 SHS COMCAST CORP NEW CL A	71,447	71,447
952 SHS MONDELEZ INTL INC DE	59,767	59,767
164 SHS DIAGEO PLC	33,315	33,315
111 SHS UNION PACIFIC CORP	30,326	30,326
168 SHS REPUBLIC SERVICES INC DE	22,260	22,260
209 SHS MCKEESON CORP	63,981	63,981
169 SHS TEXAS INSTRUMENTS	31,008	31,008
58 SHS GOOGLE INC CL A- ALPHABET INC CL A	161,318	161,318
75000 SHS FNMA PL 3% DUE 11/1/26	4,849	4,849
21514 SHS KEELEY SMALL CAP DIVIDEND VALUE FUND	398,871	398,871
204 SHS MARSH & MCLENNAN COS INC	34,766	34,766
157 SHS MCDONALDS	38,823	38,823
510 SHS MICROSOFT CORP	157,238	157,238
800 SHS COMCAST CORP NEW CL A DE	37,456	37,456
196 SHS ACCENTURE PLC	66,097	66,097
20000 SHS KEYCORP STUDENT LN TR 2004-A SER 2004-A	4,537	4,537
63 SHS HOME DEPOT INC	18,858	18,858
147000 SHS FNMA PL 4% DUE 5/1/24	915	915
117 SHS LINDE PLC EUR	37,373	37,373
67 SHS ROCKWELL AUTOMATION INC NEW DE	18,762	18,762
800 SHS INTERCONTINENTALEXCHANGE INC	105,696	105,696
320 SHS APPLE INC	55,875	55,875
1694 SHS COCA COLA CO COM	105,028	105,028
399 SHS PNC FINANCIAL SERVICES GROUP	73,596	73,596
166 SHS CHUBB LTD	35,507	35,507
217 SHS AMER ELECTRIC POWER CO	21,650	21,650
140 SHS THERMO FISHER SCIENTIFIC INC	82,691	82,691
881 SHS RIO TINTO PLC SPON ADR	70,832	70,832
155 SHS MCDONALDS CORP	38,328	38,328
66 SHS ACCENTURE PLC IRELAND CL A DE	22,257	22,257
1361 SHS JPMORGAN CHASE & CO	185,532	185,532
351 SHS MICROSOFT CORP	108,217	108,217
262 SHS TRAVELERS COS INC	47,875	47,875
200 SHS UNITEDHEALTH GROUP	101,994	101,994
218 SHS NOVARTIS	19,130	19,130
548 SHS VISA INC CL A DE	121,530	121,530
474 SHS AMERICAN ELECTRIC POWER CO	47,291	47,291
2574 SHS CONOCOPHILLIPS	257,400	257,400
3442 SHS AMERICAN FUNDS SMALL CAP WORLD FUND CL A	232,643	232,643
439 SHS JOHNSON & JOHNSON COM	77,804	77,804
40 SHS BLACKROCK INC DE	30,567	30,567
4177 SHS AMERICAN FUNDS NEW WORLD FUND	321,885	321,885
300 SHS ALIBABA GROUP HLDG LTD	32,640	32,640
492 SHS TRUIST FINL CORP	27,896	27,896
344 SHS PEPSICO INC	57,579	57,579
23 SHS GOOGLE INC CL C- ALPHABET INC CL C	64,239	64,239
366 SHS MEDTRONIC INC	40,608	40,608
260 SHS JOHNSON & JOHNSON COM	46,080	46,080
312 SHS MEDTRONIC INC	34,616	34,616
1437 SHS INTEL CORP	71,218	71,218
155 SHS ADOBE SYSTEMS INC	70,621	70,621
1143 SHS RAYTHEON CO NEW	113,237	113,237
215 SHS PROCTER & GAMBLE CO	32,852	32,852
320 SHS VF CORP	18,195	18,195
4301 SHS AMERICAN FUNDS NEW PERSPECTIVE FUND	256,975	256,975
254 SHS JPMORGAN CHASE & CO DE	34,625	34,625
184 SHS NEXTERA ENERGY INC COM DE	15,587	15,587
686 SHS BRISTOL MYERS SQUIBB CO	50,099	50,099
5619 SHS AMERICAN FUNDS EURO PACIPIC GROWTH FUND	319,229	319,229
646 SHS COCA COLA CO	40,052	40,052
6481 SHS AMERICAN FUNDS CAPITAL WORLD GROWTH & INCOME FUND	380,107	380,107
253 SHS HOME DEPOT INC	75,730	75,730
2091 SHS APPLE INC.	365,110	365,110
58 SHS AMAZON	189,077	189,077
750 SHS EDWARDS LIFESCIENCES CORP	88,290	88,290
465 SHS AMERICAN TOWER CORP REIT DEL	116,817	116,817
515 SHS UNITED PARCEL SERVICE INC	110,447	110,447
470 SHS TARGET CORP	99,743	99,743
60 SHS BLACKROCK INC	45,850	45,850
477 SHS CVS	48,277	48,277
804 SHS EMERSON ELECTRIC CO	78,832	78,832
838 SHS GENERAL ELECTRIC	76,677	76,677
428 SHS SALESFORCE.COM INC	90,873	90,873
277 SHS UNION PACIFIC CORP	75,679	75,679
119 SHS AMGEN INC	28,777	28,777
232 SHS ANALOG DEVICES INC	38,322	38,322
129 SHS AUTOMATIC DATA PROCESSING INC	29,353	29,353
692 SHS CISCO SYSTEMS INC	38,586	38,586
280 SHS PHILLIPS 66	24,189	24,189
140 SHS UNITED PARCEL SERVICE INC	30,024	30,024
382 SHS RAYTHEN TECHNOLOGIES CORP	37,844	37,844
1184 SHS WELLS FARGO & CO NEW	57,377	57,377
1530 SHS OVINTIV INC	82,727	82,727
761 SHS ABBVIE INC COM	123,366	123,366
291 SHS AMETEK INC	38,755	38,755
194 SHS EASTMAN CHEMICAL CO	21,740	21,740
249 SHS LINDE PLC EUR	79,538	79,538
143 SHS DISCOVER FINANCIAL SERVICES	15,757	15,757
408 SHS EOG RESOURCES INC	48,646	48,646
154 SHS MORGAN STANLEY	13,460	13,460
260 SHS STARBUCKS CORP	23,652	23,652
71 SHS UNITEDHEALTH GROUP INC	36,208	36,208
47 SHS BROADCOM INC	29,596	29,596

- TIN:

TY 2021 InvestmentsGovtObligationsSch

Name:

1848 FOUNDATION

EIN:

06-6302129

US Government Securities - End of Year Book Value:

1,129,691

US Government Securities - End of Year Fair Market Value:

1,129,691

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2021 OtherDecreasesSchedule

Name:

1848 FOUNDATION

EIN:

06-6302129

Description	Amount
UNREALIZED GAINS (LOSS) ON INVESTMENTS	200,733

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

1848 FOUNDATION

EIN:

06-6302129

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BOOKKEEPING, VARIOUS PLANNING & RELATED ADVISORY SERVICES - CBIZ MP LLC	35,100	7,020		28,080
INVESTMENT MANAGEMENT FEES - UBS FINANCIAL SERVICES, INC.	83,242	83,242		0

- TIN:

TY 2021 TaxesSchedule

Name:

1848 FOUNDATION

EIN:

06-6302129

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	254	254		0
FEDERAL	15,000	0		0