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 06-01-2021 , and ending 05-31-2022

Name of foundation
THOMAS J WATSON FOUNDATION XXXXX0006

Number and street (or P.O. box number if mail is not delivered to street address)10 S DEARBORN IL1-0111
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603

A Employer identification number

35-7120359

B Telephone number (see instructions)

(800) 496-2583

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

$98,391,234J 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	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	14,541
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	1,278,760		1,278,760
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		7,100,846
b	Gross sales price for all assets on line 6a 28,571,347
7	Capital gain net income (from Part IV, line 2)...			7,100,846
8	Net short-term capital gain.........				0
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).......		4,359,026	3,555,849
12	Total. Add lines 1 through 11........	12,753,173		11,935,455
13	Compensation of officers, directors, trustees, etc.	214,265		84,072		130,193
14	Other employee salaries and wages......	1,272,249		0	0	1,272,248
15	Pension plans, employee benefits.......	500,374		0	0	500,375
16a	Legal fees (attach schedule).........		152,943	0	0	152,943
b	Accounting fees (attach schedule).......		32,876	0	0	32,876
c	Other professional fees (attach schedule)....		160,811	160,811		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		308,268	147,753		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............	251,675				251,675
21	Travel, conferences, and meetings.......	54,399		0	0	54,399
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		851,340			851,340
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	3,799,200		392,636	0	3,246,049
25	Contributions, gifts, grants paid.......	2,380,844				2,380,844
26	Total expenses and disbursements. Add lines 24 and 25	6,180,044		392,636	0	5,626,893
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	6,573,129
b	Net investment income (if negative, enter -0-)			11,542,819
c	Adjusted net income (if negative, enter -0-)...				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.............	105,376	58,347	58,347
	2	Savings and temporary cash investments.........	1,531,791	1,728,420	1,728,420
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	24,090,856	23,947,007	28,855,555
	c	Investments—corporate bonds (attach schedule).......	25,210,568	25,638,653	24,837,127
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,972,389	4,859,222	42,911,784
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	1	1	1
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	53,910,981	56,231,650	98,391,234
	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
		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........	53,910,981	56,231,650
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	53,910,981	56,231,650
	30	Total liabilities and net assets/fund balances (see instructions).	53,910,981	56,231,650

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

53,910,981

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

6,573,129

Other increases not included in line 2 (itemize) bullet

50,694

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

60,534,804

Decreases not included in line 2 (itemize) bullet

4,303,154

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

56,231,650

Form 990-PF (2021)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	7. ARISTA NETWORKS INC		2019-12-13	2021-06-01
b	24. ARISTA NETWORKS INC		2019-12-13	2021-06-01
c	6. ARISTA NETWORKS INC		2019-12-13	2021-06-01
d	37. ARISTA NETWORKS INC		2019-12-13	2021-06-02
e	44. ARISTA NETWORKS INC		2019-12-13	2021-06-02
	72. ARISTA NETWORKS INC		2019-12-13	2021-06-02
	34. ARISTA NETWORKS INC		2019-12-13	2021-06-03
	110. ARISTA NETWORKS INC			2021-06-22
	35. ARISTA NETWORKS INC		2019-12-10	2021-06-22
	58. ARISTA NETWORKS INC		2019-12-10	2021-06-22
	128. ARISTA NETWORKS INC			2021-06-23
	64. ARISTA NETWORKS INC		2019-12-13	2021-06-23
	69. ARISTA NETWORKS INC		2019-12-13	2021-06-23
	39. ARISTA NETWORKS INC			2021-06-24
	10. ARISTA NETWORKS INC		2019-12-10	2021-06-24
	28. ARISTA NETWORKS INC		2019-12-10	2021-06-25
	62. ARISTA NETWORKS INC			2021-06-25
	11. ARISTA NETWORKS INC		2019-12-11	2021-06-25
	56. ARISTA NETWORKS INC		2019-12-11	2021-06-28
	65. ARISTA NETWORKS INC		2019-12-11	2021-06-28
	23. ARISTA NETWORKS INC		2019-12-11	2021-06-29
	89. ARISTA NETWORKS INC			2021-06-29
	13560.365 JPM US LARGE CAP CORE PLUS FD - USD - R6 ISIN US48129C6030		2007-09-07	2021-07-14
	10310.208 VANGUARD TTL INTL BND-ADM		2019-02-27	2021-07-14
	15. ARISTA NETWORKS INC		2019-12-11	2021-07-19
	30. ARISTA NETWORKS INC		2019-12-11	2021-07-19
	79. ARISTA NETWORKS INC			2021-07-19
	134. ARISTA NETWORKS INC		2020-03-11	2021-07-20
	97. ARISTA NETWORKS INC			2021-07-20
	50. ARISTA NETWORKS INC		2019-12-11	2021-07-20
	80. ARISTA NETWORKS INC			2021-07-21
	91. ARISTA NETWORKS INC			2021-07-21
	20. ARISTA NETWORKS INC		2019-12-09	2021-07-21
	60. ARISTA NETWORKS INC		2019-12-09	2021-07-22
	53. ARISTA NETWORKS INC			2021-07-22
	60. ARISTA NETWORKS INC		2019-12-09	2021-07-22
	52. ARISTA NETWORKS INC		2019-12-09	2021-07-22
	3042. ISHARES TR 7-10 YR TREAS INDEX FD			2021-07-27
	31240.96 VANGUARD TTL BD MKT IDX-ADM			2021-07-27
	6267. VANGUARD MORTGAGE-BACKED SEC		2020-10-29	2021-07-27
	234. FIDELITY NATL INFORMATION SVCS INC		2020-07-23	2021-08-02
	38. FIDELITY NATL INFORMATION SVCS INC			2021-08-02
	408. FIDELITY NATL INFORMATION SVCS INC			2021-08-02
	188. FIDELITY NATL INFORMATION SVCS INC		2020-07-22	2021-08-02
	24. FIDELITY NATL INFORMATION SVCS INC		2020-07-22	2021-08-02
	119. HISCOX ORD GBP ISIN BMG4593F1389 SEDOL BVZHXQ9		2010-05-26	2021-08-02
	66. HISCOX ORD GBP ISIN BMG4593F1389 SEDOL BVZHXQ9		2010-05-26	2021-08-02
	125. FIDELITY NATL INFORMATION SVCS INC		2020-07-22	2021-08-03
	66. FIDELITY NATL INFORMATION SVCS INC			2021-08-03
	530. FIDELITY NATL INFORMATION SVCS INC			2021-08-03
	856. FIDELITY NATL INFORMATION SVCS INC			2021-08-03
	2230. HISCOX ORD GBP ISIN BMG4593F1389 SEDOL BVZHXQ9			2021-08-03
	695. HISCOX ORD GBP ISIN BMG4593F1389 SEDOL BVZHXQ9		2010-06-08	2021-08-03
	527. HISCOX ORD GBP ISIN BMG4593F1389 SEDOL BVZHXQ9			2021-08-03
	1542. HISCOX ORD GBP ISIN BMG4593F1389 SEDOL BVZHXQ9			2021-08-04
	719. HISCOX ORD GBP ISIN BMG4593F1389 SEDOL BVZHXQ9		2010-05-25	2021-08-04
	390. HISCOX ORD GBP ISIN BMG4593F1389 SEDOL BVZHXQ9		2010-05-25	2021-08-04
	88715.621 BLCKRCK HI YLD BND PORT-K		2020-04-01	2021-08-16
	14850.205 DODGE & INTERNATIONAL STOCK FUND			2021-08-16
	26339. ISHARES US TREASURY BOND ETF			2021-08-16
	5892. JPMORGAN BETABUILDERS DEVELO			2021-08-16
	14486.288 PIMCO SHORT TERM FUND INSTL			2021-08-16
	30284.064 PIMCO SHORT TERM FUND INSTL		2019-02-27	2021-08-16
	3219. SPDR TR UNIT SER 1			2021-08-16
	93130.678 VANGUARD TTL INTL BND-ADM			2021-08-16
	17364. VANGUARD TOTAL INTL BOND ETF			2021-08-16
	6669. VANGUARD MORTGAGE-BACKED SEC			2021-08-16
	93. ALPHABET INC-CL C		2010-07-16	2021-09-15
	383. ELEVANCE HEALTH INC			2021-09-15
	229. BERKSHIRE HATHAWAY INC DEL CL B			2021-09-15
	687. CARMAX INC			2021-09-15
	818. CARMAX INC		2016-05-18	2021-09-15
	88. CONSTELLATION SOFTWARE INC		2016-06-28	2021-09-15
	22. CREDIT ACCEPTANCE CORP			2021-09-15
	21. CREDIT ACCEPTANCE CORP		2020-12-01	2021-09-15
	20. CREDIT ACCEPTANCE CORP			2021-09-15
	342. DISNEY WALT CO			2021-09-15
	249. DISNEY WALT CO		2020-06-04	2021-09-15
	543. FACEBOOK INC-A			2021-09-15
	37. FACEBOOK INC-A		2018-03-26	2021-09-15
	346. INTERCONTINENTALEXCHANGE GROUP, INC			2021-09-15
	386. INTERCONTINENTALEXCHANGE GROUP, INC		2020-07-23	2021-09-15
	725. JACOBS ENGR GROUP INC			2021-09-15
	246. LIBERTY BROADBAND-A		2018-03-27	2021-09-15
	637. LIBERTY BROADBAND-C			2021-09-15
	2078. LIBERTY MEDIA CORP-LIBERTY-C		2017-01-10	2021-09-15
	303. LIBERTY MEDIA CORP-LIBERTY-A			2021-09-15
	1959. MICRON TECHNOLOGY INC			2021-09-15
	191. NETFLIX.COM INC			2021-09-15
	2093. SCHWAB CHARLES CORP NEW			2021-09-15
	1491. TAIWAN SEMICONDUCTOR MFG CO LTD			2021-09-15
	84. UNITEDHEALTH GROUP INC			2021-09-15
	315. UNITEDHEALTH GROUP INC			2021-09-15
	1206. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3			2021-09-16
	1073. EUROFINS SCIENTIFIC ISIN FR0014000MR3 SEDOL BNDPYV1		2020-01-14	2021-09-16
	48. CREDIT ACCEPTANCE CORP			2021-09-16
	22. CREDIT ACCEPTANCE CORP			2021-09-16
	14. CREDIT ACCEPTANCE CORP			2021-09-16
	3436. VIVENDI UNIVERSAL S A ORD		2020-01-14	2021-09-16
	17594. CEMEX FINANCE LLC 9 1/2% DEC 14 2016 DTD 12/14/2009		2021-01-12	2021-09-16
	35049. CEMEX FINANCE LLC 9 1/2% DEC 14 2016 DTD 12/14/2009			2021-09-16
	34. CREDIT ACCEPTANCE CORP			2021-09-17
	11. CREDIT ACCEPTANCE CORP		2020-11-30	2021-09-17
	11. CREDIT ACCEPTANCE CORP			2021-09-21
	24. CREDIT ACCEPTANCE CORP			2021-09-21
	32. CREDIT ACCEPTANCE CORP		2020-03-24	2021-09-22
	4652. VIVENDI UNIVERSAL S A ORD		2020-01-14	2021-09-22
	412. VIVENDI UNIVERSAL S A ORD		2020-01-14	2021-09-22
	15. CREDIT ACCEPTANCE CORP			2021-09-23
	4307. VIVENDI UNIVERSAL S A ORD			2021-09-23
	668. VIVENDI UNIVERSAL S A ORD			2021-09-23
	44. CREDIT ACCEPTANCE CORP		2017-04-03	2021-09-24
	2582. VIVENDI UNIVERSAL S A ORD			2021-09-24
	717. VIVENDI UNIVERSAL S A ORD		2020-05-25	2021-09-24
	11. CREDIT ACCEPTANCE CORP		2017-04-03	2021-09-27
	6. CREDIT ACCEPTANCE CORP		2017-04-03	2021-09-27
	79. CREDIT ACCEPTANCE CORP		2017-04-03	2021-09-27
	2101. VIVENDI UNIVERSAL S A ORD			2021-09-27
	18. VIVENDI UNIVERSAL S A ORD		2020-05-22	2021-09-27
	24. CREDIT ACCEPTANCE CORP		2017-04-03	2021-09-28
	542. VIVENDI UNIVERSAL S A ORD		2020-05-22	2021-09-28
	24. CREDIT ACCEPTANCE CORP		2017-04-03	2021-09-29
	21. CREDIT ACCEPTANCE CORP		2017-04-03	2021-09-30
	7. CREDIT ACCEPTANCE CORP		2017-04-03	2021-10-04
	76. CREDIT ACCEPTANCE CORP			2021-10-04
	53. CREDIT ACCEPTANCE CORP		2017-03-29	2021-10-04
	21. CREDIT ACCEPTANCE CORP		2017-03-29	2021-10-05
	64. CREDIT ACCEPTANCE CORP		2017-03-22	2021-10-05
	34. CREDIT ACCEPTANCE CORP		2017-03-22	2021-10-05
	15. CREDIT ACCEPTANCE CORP		2017-03-22	2021-10-06
	52. CREDIT ACCEPTANCE CORP		2017-03-22	2021-10-06
	5538. JPMORGAN BETABUILDERS CANADA			2021-10-07
	24282.997 VANGUARD TTL BD MKT IDX-ADM		2021-02-26	2021-11-03
	7. CREDIT ACCEPTANCE CORP		2017-03-22	2021-11-15
	3. CREDIT ACCEPTANCE CORP		2017-03-22	2021-11-15
	5. CREDIT ACCEPTANCE CORP		2017-03-22	2021-11-15
	12. CREDIT ACCEPTANCE CORP		2017-03-22	2021-11-16
	11. CREDIT ACCEPTANCE CORP		2017-03-22	2021-11-16
	2. CREDIT ACCEPTANCE CORP		2017-03-22	2021-11-16
	9. CREDIT ACCEPTANCE CORP		2017-03-22	2021-11-17
	7. CREDIT ACCEPTANCE CORP		2017-03-22	2021-11-17
	15. CREDIT ACCEPTANCE CORP		2017-03-22	2021-11-17
	22. CREDIT ACCEPTANCE CORP		2017-03-22	2021-11-18
	6. CREDIT ACCEPTANCE CORP		2017-03-22	2021-11-18
	22. CREDIT ACCEPTANCE CORP		2017-03-22	2021-11-19
	22. CREDIT ACCEPTANCE CORP		2017-03-22	2021-11-22
	44. CREDIT ACCEPTANCE CORP		2017-03-22	2021-11-23
	34. CREDIT ACCEPTANCE CORP		2017-03-22	2021-11-24
	12. CREDIT ACCEPTANCE CORP			2021-11-26
	13. CREDIT ACCEPTANCE CORP		2017-03-28	2021-11-29
	24. CREDIT ACCEPTANCE CORP		2017-03-28	2021-11-30
	17. CREDIT ACCEPTANCE CORP		2017-03-28	2021-12-01
	16. CREDIT ACCEPTANCE CORP		2017-03-28	2021-12-02
	1101.416 FIDELITY 500 INDEX FUND		2019-08-22	2021-12-10
	8016.682 VANGUARD TTL BD MKT IDX-ADM		2021-02-26	2021-12-10
	1110. VANGUARD BD INDEX FD INC		2021-07-27	2021-12-10
	5. CREDIT ACCEPTANCE CORP		2017-03-28	2022-01-07
	3. CREDIT ACCEPTANCE CORP		2017-03-28	2022-01-10
	3. CREDIT ACCEPTANCE CORP		2017-03-28	2022-01-10
	19105.31 FIDELITY 500 INDEX FUND			2022-01-10
	4870. JPMORGAN BETABUILDERS CANADA		2019-04-04	2022-01-10
	8763. SPDR TR UNIT SER 1			2022-01-10
	3. CREDIT ACCEPTANCE CORP		2017-03-28	2022-01-11
	10. CREDIT ACCEPTANCE CORP		2017-03-28	2022-01-11
	4. CREDIT ACCEPTANCE CORP			2022-01-12
	2. CREDIT ACCEPTANCE CORP		2017-03-24	2022-01-13
	9996.087 DODGE & COX INCOME FUND		2021-08-16	2022-01-26
	409. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3			2022-02-01
	441. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3		2020-06-30	2022-02-01
	651. EUROFINS SCIENTIFIC ISIN FR0014000MR3 SEDOL BNDPYV1		2020-01-14	2022-02-01
	3142. UNIVERSAL MUSIC GROUP NV ISIN NL0015000IY2 SEDOL BNZGVV1		2021-09-21	2022-02-01
	58. ALPHABET INC-CL C		2010-07-16	2022-02-01
	271. ELEVANCE HEALTH INC			2022-02-01
	262. BERKSHIRE HATHAWAY INC DEL CL B		1996-11-04	2022-02-01
	1062. CARMAX INC		2016-05-18	2022-02-01
	54. CONSTELLATION SOFTWARE INC		2016-06-28	2022-02-01
	129. CREDIT ACCEPTANCE CORP		2017-03-24	2022-02-01
	426. DISNEY WALT CO			2022-02-01
	410. FACEBOOK INC-A			2022-02-01
	526. INTERCONTINENTALEXCHANGE GROUP, INC			2022-02-01
	440. JACOBS ENGR GROUP INC		2012-11-02	2022-02-01
	196. LIBERTY BROADBAND-C		2021-02-08	2022-02-01
	340. LIBERTY BROADBAND-C			2022-02-01
	1648. LIBERTY MEDIA CORP-LIBERTY-C		2017-01-10	2022-02-01
	1188. MICRON TECHNOLOGY INC			2022-02-01
	116. NETFLIX.COM INC		2020-10-26	2022-02-01
	1271. SCHWAB CHARLES CORP NEW		2016-06-24	2022-02-01
	271. TAIWAN SEMICONDUCTOR MFG CO LTD			2022-02-01
	783. TAIWAN SEMICONDUCTOR MFG CO LTD			2022-02-01
	282. UNITEDHEALTH GROUP INC			2022-02-01
	480. WAYFAIR INC- CLASS A			2022-02-01
	31934. CEMEX FINANCE LLC 9 1/2% DEC 14 2016 DTD 12/14/2009			2022-02-01
	1698.951 EDGEWOOD GROWTH FUND		2022-01-10	2022-02-16
	339. INVESCO QQQ TRUST SERIES 1		2022-01-10	2022-02-16
	15659.981 VANGUARD TTL BD MKT IDX-ADM		2021-02-26	2022-03-02
	45. DISNEY WALT CO		2020-06-04	2022-03-09
	547. DISNEY WALT CO			2022-03-09
	652. DISNEY WALT CO			2022-03-09
	553. DISNEY WALT CO			2022-03-09
	506. INVESCO QQQ TRUST SERIES 1		2022-01-10	2022-03-09
	262. DISNEY WALT CO			2022-03-10
	17. DISNEY WALT CO			2022-03-10
	258. DISNEY WALT CO		2020-06-29	2022-03-14
	131. DISNEY WALT CO			2022-03-14
	9. DISNEY WALT CO		2020-06-29	2022-03-14
	254. DISNEY WALT CO			2022-03-14
	110. DISNEY WALT CO		2020-06-29	2022-03-14
	606. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3		2021-07-08	2022-03-22
	242. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3			2022-03-22
	592. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3			2022-03-22
	97. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3		2020-03-02	2022-03-22
	346. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3		2020-03-02	2022-03-23
	269. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3		2020-03-02	2022-03-24
	77. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3			2022-03-25
	254. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3			2022-03-25
	129. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3			2022-03-25
	28. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3		2020-02-28	2022-03-25
	52. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3		2020-02-28	2022-03-25
	6682. JPMORGAN BETABUILDERS EUROPE ETF			2022-03-25
	206. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3		2020-02-28	2022-03-28
	36. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3		2020-02-28	2022-03-28
	314. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3		2020-02-28	2022-03-28
	1186. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3			2022-03-29
	183. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3			2022-03-29
	864. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3			2022-03-29
	39. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3		2020-03-17	2022-03-29
	158. PROSUS NV ISIN NL0013654783 SEDOL BJDS7L3			2022-03-29
	2881. SECTOR SPDR TRUST		2022-01-10	2022-04-05
	480. SECTOR SPDR TRUST		2022-01-10	2022-04-05
	622. VANGUARD FINANCIALS VIPERS		2022-01-10	2022-04-14
	3057. VANGUARD FINANCIALS VIPERS		2022-01-10	2022-04-14
	2837. ISHARES MSCI JAPAN ETF			2022-04-26
	3405. VANGUARD FINANCIALS VIPERS		2022-01-10	2022-04-26
	256. UNITEDHEALTH GROUP INC			2022-04-27
	42. UNITEDHEALTH GROUP INC		2020-01-27	2022-04-27
	77. UNITEDHEALTH GROUP INC			2022-04-27
	72. UNITEDHEALTH GROUP INC			2022-04-28
	5166.851 EDGEWOOD GROWTH FUND		2022-01-10	2022-05-26
	1415.966 FIDELITY 500 INDEX FUND		2019-02-27	2022-05-27
	35. ELEVANCE HEALTH INC			2022-05-31
	1. GOLDENTREE OFFSHORE FUND, LTD. NEW ISSUES INELIGIBLE SP 8-1 SIDE		2019-01-01	2022-05-31
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,357	1,350	1,007
b	8,053	4,627	3,426
c	2,021	1,157	864
d	12,337	7,133	5,204
e	14,693	8,483	6,210
	23,996	13,881	10,115
	11,438	6,555	4,883
	40,184	21,200	18,984
	12,777	6,742	6,035
	21,115	11,172	9,943
	46,591	24,646	21,945
	23,348	12,319	11,029
	25,196	13,282	11,914
	14,176	7,498	6,678
	3,636	1,922	1,714
	10,158	5,382	4,776
	22,489	11,892	10,597
	3,983	2,105	1,878
	20,307	10,716	9,591
	23,570	12,438	11,132
	8,351	4,401	3,950
	32,322	17,021	15,301
	384,436	284,395	100,041
	237,032	226,309	10,723
	5,431	2,868	2,563
	10,923	5,737	5,186
	28,607	15,095	13,512
	48,810	25,593	23,217
	35,315	18,514	16,801
	18,213	9,532	8,681
	29,189	15,243	13,946
	33,262	17,327	15,935
	7,325	3,808	3,517
	22,334	11,424	10,910
	19,789	10,091	9,698
	22,424	11,422	11,002
	19,406	9,899	9,507
	357,821	359,202	-1,381
	356,772	354,822	1,950
	335,441	339,233	-3,792
	33,057	34,023	-966
	5,457	5,524	-67
	57,102	59,194	-2,092
	26,469	27,140	-671
	3,458	3,465	-7
	1,401	827	574
	777	459	318
	16,273	18,045	-1,772
	8,604	9,525	-921
	68,966	76,426	-7,460
	111,332	122,813	-11,481
	27,923	15,501	12,422
	8,778	4,829	3,949
	6,721	3,659	3,062
	19,542	10,695	8,847
	9,124	4,974	4,150
	4,963	2,698	2,265
	698,192	579,313	118,879
	723,650	629,761	93,889
	706,635	695,085	11,550
	346,458	334,865	11,593
	142,110	142,545	-435
	297,087	297,087
	1,438,749	710,046	728,703
	2,157,838	2,036,962	120,876
	1,005,713	1,009,585	-3,872
	356,504	360,334	-3,830
	270,199	21,752	248,447
	143,802	146,346	-2,544
	63,783	4,932	58,851
	93,978	94,544	-566
	111,899	41,403	70,496
	151,012	33,761	117,251
	13,330	7,068	6,262
	12,712	6,716	5,996
	12,107	6,394	5,713
	63,092	61,028	2,064
	45,935	30,645	15,290
	203,856	175,454	28,402
	13,891	5,755	8,136
	41,177	40,708	469
	45,938	37,179	8,759
	98,506	28,197	70,309
	42,645	20,427	22,218
	113,379	95,528	17,851
	102,102	51,950	50,152
	13,505	13,792	-287
	144,128	174,292	-30,164
	111,571	94,923	16,648
	149,266	57,139	92,127
	180,903	173,374	7,529
	35,151	33,654	1,497
	131,818	90,462	41,356
	97,135	115,404	-18,269
	154,670	42,265	112,405
	28,838	15,182	13,656
	13,226	6,638	6,588
	8,430	4,204	4,226
	127,375	93,619	33,756
	25,357	26,085	-728
	50,513	279,794	-229,281
	20,317	10,188	10,129
	6,558	3,289	3,269
	6,595	3,283	3,312
	14,389	6,636	7,753
	19,250	8,199	11,051
	58,454	126,750	-68,296
	5,184	11,226	-6,042
	8,914	3,194	5,720
	55,115	101,764	-46,649
	8,531	15,024	-6,493
	26,167	8,679	17,488
	33,092	57,377	-24,285
	9,181	15,831	-6,650
	6,698	2,170	4,528
	3,662	1,183	2,479
	47,637	15,582	32,055
	26,820	46,062	-19,242
	230	388	-158
	14,256	4,734	9,522
	6,781	11,685	-4,904
	14,226	4,734	9,492
	12,459	4,142	8,317
	4,276	1,381	2,895
	45,981	14,602	31,379
	32,305	10,164	22,141
	12,859	4,027	8,832
	39,191	12,125	27,066
	20,834	6,441	14,393
	9,205	2,842	6,363
	31,814	9,852	21,962
	358,722	269,684	89,038
	272,698	274,884	-2,186
	4,717	1,326	3,391
	2,020	568	1,452
	3,372	947	2,425
	8,009	2,273	5,736
	7,358	2,084	5,274
	1,338	379	959
	5,878	1,705	4,173
	4,657	1,326	3,331
	9,800	2,842	6,958
	14,179	4,168	10,011
	3,856	1,137	2,719
	14,155	4,168	9,987
	14,269	4,168	10,101
	28,581	8,336	20,245
	22,052	6,441	15,611
	7,724	2,273	5,451
	8,365	2,461	5,904
	15,086	4,543	10,543
	10,769	3,218	7,551
	10,117	3,028	7,089
	179,894	112,179	67,715
	89,947	90,749	-802
	89,962	91,420	-1,458
	3,179	946	2,233
	1,871	568	1,303
	1,853	568	1,285
	3,096,207	1,864,803	1,231,404
	324,839	236,431	88,408
	4,079,134	1,767,212	2,311,922
	1,853	568	1,285
	6,188	1,893	4,295
	2,458	757	1,701
	1,208	378	830
	137,746	144,244	-6,498
	33,906	38,161	-4,255
	36,559	40,886	-4,327
	64,691	25,643	39,048
	79,976	92,969	-12,993
	157,554	13,566	143,988
	118,086	102,814	15,272
	81,744	5,642	76,102
	117,750	53,754	63,996
	89,858	20,717	69,141
	65,545	24,406	41,139
	61,235	52,418	8,817
	129,150	63,743	65,407
	66,317	50,636	15,681
	57,102	17,110	39,992
	29,203	29,276	-73
	50,658	24,862	25,796
	99,472	41,200	58,272
	97,157	100,710	-3,553
	51,235	56,440	-5,205
	113,113	34,641	78,472
	33,167	31,196	1,971
	95,828	40,099	55,729
	131,695	80,724	50,971
	77,599	137,238	-59,639
	49,416	43,373	6,043
	86,324	95,022	-8,698
	119,915	128,862	-8,947
	167,875	177,271	-9,396
	6,045	5,537	508
	73,330	66,994	6,336
	87,482	79,457	8,025
	74,216	67,361	6,855
	169,502	192,342	-22,840
	34,874	29,242	5,632
	2,258	1,889	369
	33,292	28,669	4,623
	16,942	14,540	2,402
	1,163	999	164
	32,856	28,181	4,675
	14,192	12,203	1,989
	35,185	55,913	-20,728
	14,051	18,612	-4,561
	34,281	43,610	-9,329
	5,633	7,092	-1,459
	18,976	25,297	-6,321
	14,448	19,667	-5,219
	4,089	5,596	-1,507
	13,433	17,841	-4,408
	6,847	8,979	-2,132
	1,487	1,947	-460
	2,712	3,617	-905
	365,249	387,676	-22,427
	10,991	14,327	-3,336
	1,925	2,504	-579
	16,663	21,838	-5,175
	64,195	81,231	-17,036
	9,972	12,115	-2,143
	47,020	51,748	-4,728
	2,112	2,188	-76
	8,621	8,535	86
	291,163	303,355	-12,192
	48,281	50,542	-2,261
	55,775	62,684	-6,909
	274,683	308,079	-33,396
	158,999	191,567	-32,568
	292,139	343,150	-51,011
	132,540	72,744	59,796
	21,675	11,930	9,745
	39,988	21,864	18,124
	37,409	20,263	17,146
	202,386	288,982	-86,596
	204,876	137,830	67,046
	17,924	13,246	4,678
	91,840	12,480	79,360
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715
			116,715

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			1,007
b			3,426
c			864
d			5,204
e			6,210
			10,115
			4,883
			18,984
			6,035
			9,943
			21,945
			11,029
			11,914
			6,678
			1,714
			4,776
			10,597
			1,878
			9,591
			11,132
			3,950
			15,301
			100,041
			10,723
			2,563
			5,186
			13,512
			23,217
			16,801
			8,681
			13,946
			15,935
			3,517
			10,910
			9,698
			11,002
			9,507
			-1,381
			1,950
			-3,792
			-966
			-67
			-2,092
			-671
			-7
			574
			318
			-1,772
			-921
			-7,460
			-11,481
			12,422
			3,949
			3,062
			8,847
			4,150
			2,265
			118,879
			93,889
			11,550
			11,593
			-435

			728,703
			120,876
			-3,872
			-3,830
			248,447
			-2,544
			58,851
			-566
			70,496
			117,251
			6,262
			5,996
			5,713
			2,064
			15,290
			28,402
			8,136
			469
			8,759
			70,309
			22,218
			17,851
			50,152
			-287
			-30,164
			16,648
			92,127
			7,529
			1,497
			41,356
			-18,269
			112,405
			13,656
			6,588
			4,226
			33,756
			-728
			-229,281
			10,129
			3,269
			3,312
			7,753
			11,051
			-68,296
			-6,042
			5,720
			-46,649
			-6,493
			17,488
			-24,285
			-6,650
			4,528
			2,479
			32,055
			-19,242
			-158
			9,522
			-4,904
			9,492
			8,317
			2,895
			31,379
			22,141
			8,832
			27,066
			14,393
			6,363
			21,962
			89,038
			-2,186
			3,391
			1,452
			2,425
			5,736
			5,274
			959
			4,173
			3,331
			6,958
			10,011
			2,719
			9,987
			10,101
			20,245
			15,611
			5,451
			5,904
			10,543
			7,551
			7,089
			67,715
			-802
			-1,458
			2,233
			1,303
			1,285
			1,231,404
			88,408
			2,311,922
			1,285
			4,295
			1,701
			830
			-6,498
			-4,255
			-4,327
			39,048
			-12,993
			143,988
			15,272
			76,102
			63,996
			69,141
			41,139
			8,817
			65,407
			15,681
			39,992
			-73
			25,796
			58,272
			-3,553
			-5,205
			78,472
			1,971
			55,729
			50,971
			-59,639
			6,043
			-8,698
			-8,947
			-9,396
			508
			6,336
			8,025
			6,855
			-22,840
			5,632
			369
			4,623
			2,402
			164
			4,675
			1,989
			-20,728
			-4,561
			-9,329
			-1,459
			-6,321
			-5,219
			-1,507
			-4,408
			-2,132
			-460
			-905
			-22,427
			-3,336
			-579
			-5,175
			-17,036
			-2,143
			-4,728
			-76
			86
			-12,192
			-2,261
			-6,909
			-33,396
			-32,568
			-51,011
			59,796
			9,745
			18,124
			17,146
			-86,596
			67,046
			4,678
			79,360

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	7,100,846
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	160,445
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	160,445
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	134,848
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	105,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	239,848
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	79,403
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax79,403	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

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

Yes

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

Yes

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

or 4942(j)(5) for calendar year 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

WATSONFELLOWSHIP.ORG

The books are in care of bullet

JPMORGAN TRUST COMPANY OF DELAWARE Telephone no. bullet

(800) 496-2583

Located at bullet

10 S DEARBORN IL1-0111CHICAGOIL ZIP+4 bullet

60603

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)

Yes

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

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

1a(5)

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

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

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

1a(6)

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

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

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

Yes

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

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

5a(4)

(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
JPMORGAN TRUST COMPANY OF DELAWARE	TRUSTEE 30	214,265
10 S DEARBORN IL1-0111 CHICAGO,IL60603	TRUSTEE 30	214,265

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
CHRIS KASABACH	DIRECTOR 0	434,167	91,172
233 BROADWAY 27TH FL NEW YORK,NE10279	DIRECTOR 0	434,167	91,172
MICHAEL Z BUBOLO	ASSOC DIRECTOR 0	136,000	46,705
233 BROADWAY 27TH FL NEW YORK,NE10279	ASSOC DIRECTOR 0	136,000	46,705
SNEHA SUBRAMANIAN	ASSOC DIRECTOR 0	97,594	32,433
233 BROADWAY 27TH FL NEW YORK,NE10279	ASSOC DIRECTOR 0	97,594	32,433
SARA NOLFO	ASSOC DIRECTOR 0	156,907	44,237
233 BROADWAY 27TH FL NEW YORK,NE10279	ASSOC DIRECTOR 0	156,907	44,237
SHARON KLOTZ	ASSOC DIRECTOR 0	150,000	47,214
233 BROADWAY 27TH FL NEW YORK,NY10279	ASSOC DIRECTOR 0	150,000	47,214
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
RUANE CUNNIFF & GOLDFARB LP	INVESTMENT MANAGEMEN	160,811
9 WEST 57TH ST 5TH FL NEW YORK,NY10019	INVESTMENT MANAGEMEN	160,811
VICTORIA DIMITRAKOPOULOS	CONSULTING	50,000
234 COLLINGWOOD STREET SAN FRANCISCO,CA94114	CONSULTING	50,000
GTC LAW GROUP PC	LEGAL	169,155
ONE UNIVERSITY AVENUE SUITE 302B WESTWOOD,MA02090	LEGAL	169,155

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

104,273,688

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

5,603,843

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

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

109,877,532

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

109,877,532

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

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

1,648,163

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

108,229,369

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

5,411,468

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

5,411,468

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

160,445

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

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

160,445

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

5,251,023

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

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

5,251,023

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

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

5,251,023

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					5,251,023
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......				4,428,510
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2021:
a From 2016......	0
b From 2017......	0
c From 2018......	0
d From 2019......	0
e From 2020......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2021 from Part
XI, line 4: $ 5,626,893
a Applied to 2020, but not more than line 2a				4,428,510
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.....					1,198,383
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 ..........					4,052,640
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....	0
b Excess from 2018....	0
c Excess from 2019....	0
d Excess from 2020....	0
e Excess from 2021....	0

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).)

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 e-mail address of the person to whom applications should be addressed:

SNEHA SUBRAMANIAN
233 BROADWAY 27TH FL
NEW YORK,NY10279
(215) 245-8859

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

SEE STATEMENT ATTACHED

cAny submission deadlines:

FIRST TUESDAY IN NOVEMBER THE SELECTION COMMITTEE'S NOMINEE INFORMATION SHOULD BE SUBMITTED TO

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

THE FOUNDATION BY THE FIRST TUESDAY OF NOVEMBER.

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
PLEASE SEE ATTACHED PLEASE SEE ATTACHED PLEASE SEE ATTACHED,DE11111	NONE	I	SCHOLARSHIPS	330,196
PLEASE SEE ATTACHED PLEASE SEE ATTACHED PLEASE SEE ATTACHED,DE11111	NONE	PC	SCHOLARSHIPS	2,050,648
Total ................................. 3a				2,380,844

bApproved for future payment

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

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	7,100,846
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK1 UBIT	900099	430,631
bK1 INCOME			15	3,548,211
cDFA PROGRAM INCOME			15	363,553
dCLASS ACTION INCOM			15	7,638
eORDINARY GAIN			15	-378
fOTHER INCOME			15	9,371
12 Subtotal. Add columns (b), (d), and (e) ..		430,631		12,308,001

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

12,738,632

(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

Name of organization THOMAS J WATSON FOUNDATION XXXXX0006

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	STEELCASE INC PO BOX 1967 GRAND RAPIDS, MI495011967	$ 5,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	ROBERT CALVEY 1500 W PRATT BLVD APT 3 CHICAGO, IL60626	$ 6,200	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Name of organization THOMAS J WATSON FOUNDATION XXXXX0006		Employer identification number 35-7120359

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2021)

Name of Bond	End of Year Book Value	End of Year Fair Market Value
258620103 DOUBLELINE TTL RTRN
693390601 PIMCO SHORT-TERM FUN
722005816 PIMCO INV GRD CRD BN
921937603 VANGUARD TOT BD MKT	3,071,093	2,915,221
92203J308 VANGUARD TTL INTL BN
464287440 ISHARES 7-10 YEAR TR
921937827 VANGUARD SHORT-TERM	1,335,537	1,258,009
48121A415 JPM MANAGED INCOME F	16,373,626	16,235,356
09260B614 BLCKRCK HI YLD BND P
464287432 ISHARES 20+ YEAR TRE
4812C0126 JPM HIGH YIELD FD -
0AUDPRCV0 AUSTRALIA DOLLAR
46429B267 ISHARES US TREASURY
92203J407 VANGUARD TOTAL INTL
92206C771 VANGUARD MORTGAGE-BA
0EURPRAA9 EURO PRINCIPAL CURRE
256210105 DODGE & COX INCOME-I	1,111,746	995,409
258620566 DOUBLELINE TTL RTRN	807,422	722,109
693390700 PIMCO TOTAL RETURN F	807,422	712,294
808524870 SCHWAB U.S. TIPS ETF	1,437,532	1,320,616
922020805 VANGUARD SHORT-TERM	694,275	678,113

Name of Stock	End of Year Book Value	End of Year Fair Market Value
02079K107 ALPHABET INC-CL C	91,450	891,785
02079K305 ALPHABET INC-CL A
023135106 AMAZON.COM INC
04314H857 ARTISAN INTL VAL-INS	429,247	696,282
084670108 BERKSHIRE HATHAWAY I
084670702 BERKSHIRE HATHAWAY I	26,661	391,183
143130102 CARMAX INC	345,491	704,321
21037X910 CONSTELLATION SOFTWA	136,964	561,880
225310101 CREDIT ACCEPTANCE CO	163,485	522,087
256206103 DODGE & COX INTL STC
302933502 FMI LARGE CAP FUND-I
30303M102 META PLATFORMS INC-C	473,127	579,371
315911727 FIDELITY INTL INDX-I	1,862,367	1,931,543
315911750 FIDELITY 500 INDEX-I	3,144,891	4,804,306
46434G822 ISHARES MSCI JAPAN E	410,362	449,856
469814107 JACOBS ENGINEERING G	114,185	411,444
48129C603 JPM US L/C CORE PL F
530307107 LIBERTY BROADBAND-A	94,998	139,823
530307305 LIBERTY BROADBAND-C	176,351	304,914
531229854 LIBERTY MEDIA CORP-L	238,225	593,561
531229870 LIBERTY MEDIA CORP-L	60,720	92,943
78462F103 SPDR S&P 500 ETF TRU
808513105 SCHWAB (CHARLES) COR	231,066	594,308
92826C839 VISA INC-CLASS A SHA
G45105924 HISCOX LTD ISIN BMG4
G7630V933 ROLLS-ROYCE HOLDINGS	266,839	232,939
S53435913 NASPERS LTD-N SHS IS
234391910 A2 MILK CO LTD ISIN
789800919 MELROSE INDUSTRIES P
46641Q696 JPMORGAN BETABUILDER
001365923 PROSUS NV ISIN NL001
040413106 ARISTA NETWORKS INC
46641Q720 JPMORGAN BETABUILDER
874039100 TAIWAN SEMICONDUCTOR	343,834	670,340
91324P102 UNITEDHEALTH GROUP I	354,649	712,383
94419L101 WAYFAIR INC- CLASS A	496,828	226,454
F3322K914 EUROFINS SCIENTIFIC
F7063C916 VIVENDI ISIN FR00001
001400944 EUROFINS SCIENTIFIC	171,226	404,297
036752103 ANTHEM INC	614,970	902,010
254687106 WALT DISNEY CO/THE
31620M106 FIDELITY NATIONAL IN
45866F104 INTERCONTINENTAL EXC	569,120	577,582
46434G103 ISHARES CORE MSCI EM	1,603,854	1,411,084
46641Q191 JPMORGAN BETABUILDER	1,022,383	1,045,606
46641Q225 JPMORGAN BETABUILDER
46641Q233 JPM BTABLDRS DEV ASI
595112103 MICRON TECHNOLOGY IN	627,156	585,920
64110L106 NETFLIX INC	754,470	436,540
001506906 UNIVERSAL MUSIC GROU	637,982	504,611
0015A0965 RTS UNIVERSAL MUSIC
0075W0759 EDGEWOOD GROWTH FUND	689,825	493,842
413838574 OAKMARK INTERNATIONA	353,757	314,368
46090E103 INVESCO QQQ TRUST SE	1,290,516	1,046,611
464287598 ISHARES RUSSELL 1000	1,426,466	1,349,464
46429B598 ISHARES MSCI INDIA E	360,766	321,704
46429B671 ISHARES MSCI CHINA E	177,676	133,877
577130818 MATTHEWS CHINA FUND-	448,568	264,807
701769408 PARNASSUS CORE EQUIT	1,610,743	1,414,641
77956H385 T ROWE PRICE NEW ASI	400,000	280,954
81369Y209 HEALTH CARE SELECT S	889,987	874,173
92189F106 VANECK GOLD MINERS E	334,476	260,123
92189H607 VANECK OIL SERVICES	501,326	721,618

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
7Y031R946 GOLDENTREE OFFSHORE
810962910 GOLUB CAPITAL INVEST
35581L916 AG DIRECT LENDING II	AT COST		1,269,094
225154913 JCR INCOME PLUS FUND	AT COST		841,702
25581L917 MCR HOSPITALITY FUND	AT COST		2,373,168
74269A918 PRIVATE ADVISORS SEC	AT COST	662,500	3,176,883
113560916 OTTAWA AVENUE PRIVAT	AT COST		3,735,706
278C6L916 ECHO STREET GOODCO S	AT COST		7,391,536
501L2C919 LCP IX (OFFSHORE), L	AT COST		4,458,525
113T6A912 OTTAWA AVENUE FUND V	AT COST		608,035
953511912 AVENUE AVIATION OPPO
HEBLAAAJ9 BLACKSTONE PARTNERS	AT COST	2,297,409	3,699,869
999645973 VISTA CREDIT PARTNER	AT COST		816,751
544722911 WEST STREET STRATEGI	AT COST		587,088
544971914 ECHO STREET SELECT P	AT COST		3,403,782
HEGTRACN8 GOLDENTREE OFFSHORE
191912708 COHEN & STEERS REAL	AT COST	643,276	582,945
545239915 PA SMALL COMPANY COI	AT COST		1,068,183
545240913 PA SECONDARY FUND VI	AT COST		803,407
715472916 ECHO STREET GOODCO N	AT COST		3,048,724
811093913 OTTAWA AVENUE FUND V	AT COST		728
820029916 GREENSPRING SECONDAR	AT COST		1
820031912 CLEARVIEW CAPITAL FU	AT COST		1
821019916 CLEARVIEW CAPITAL ME	AT COST		1
865950919 SUNRIVER LONG FUND L	AT COST		3,807,996
PEAESAAL3 ARES PCS II PRIVATE	AT COST	1,256,037	1,237,659


Name of organization THOMAS J WATSON FOUNDATION XXXXX0006			Employer identification number 35-7120359
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.) $ Use duplicate copies of Part III if additional space is needed.

Contractor	Explanation
RUANE CUNNIFF & GOLDFARB LP	INVESTMENT MANAGEMENT
VICTORIA DIMITRAKOPOULOS	CONSULTING SERVICES

Description	Amount
CAPITAL TRANS NOT YET REFLECTED IN BASIS	288,926
CHASE LIABILITIES AT 05/31/21	34,768
MUTUAL FUND ADJUSTMENT	575
PARTNERSHIP INCOME ADJUSTMENT	3,978,842
ROUNDING	3
DONATIONS NOT RECEIVED 5/31/22	40

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
DFA EXPENSES	429,895	429,895
OPERATIONAL EXPENDITURES	49,575	49,575
COMPUTER & INTERNET EXPENSE	138,789	138,789
CONSULTANTS	109,022	109,022
MARKETING	5,577	5,577
PROGRAM EVENTS	70,218	70,218
MISCELLANEOUS	12,240	12,240
MEALS & ENTERTAINMENT	27,869	27,869
INSURANCE	8,155	8,155

Description	Revenue And Expenses Per Books	Net Investment Income
DFA INCOME	363,553	0
CLASS ACTION INCOME	7,638	7,638
ORDINARY GAIN	-378	0
PA SECONDARY FUND VI, LP K1 INCOME	51,184	51,184
PA SECONDARY FUND VI, LP UBTI	12,464	0
OTTAWA AVENUE FUND V, LP K1 INCOME	-21,079	-21,079
OTTAWA AVENUE FUND V, LP UBTI	-6,369	0
PA SMALL COMPANY COINVESTMENT FUND II, L	-20,737	-20,737
PA SMALL COMPANY COINVESTMENT FUND II, L	2,562	0
PRIVATE ADVISORS SECONDARY FUND V, LP K1	403,877	403,877
PRIVATE ADVISORS SECONDARY FUND V, LP UB	79,413	0
OTTAWA AVENUE GP INVESTMENT PARTNERS II,	442,585	442,585
OTTAWA AVENUE GP INVESTMENT PARTNERS II,	79,788	0
MCR HOSPITALITY FUND LP K1 INCOME	-20,931	-20,931
VISTA CREDIT PARTNERS FUND III, LP K1 IN	31,147	31,147
VISTA CREDIT PARTNERS FUND III, LP UBTI	37,066	0
ECHO STREET GOODCO SELECT II, LP K1 INCO	2,421,110	2,421,110
JCR INCOME PLUS FUND IV Q, LP K1 INCOME	261,055	261,055
JCR INCOME PLUS FUND IV Q, LP UBTI	225,707	0
OTHER INCOME	9,371	0

Description	Amount
COST BASIS ADJUSTMENTS	30,418
CHASE LIABILITIES AT 05/31/22	17,974
PRIOR YEAR ADJUSTMENT	2,016
DUE FROM FELLOW	75
DUE FROM EMPLOYEES	201
2020 DONATION RECEIVED AT 6/3/21	10

Category	Amount	Net Investment Income
FOREIGN TAXES	132,945	132,945
STATE INCOME TAXES	968	968
FEDERAL TAX PAYMENT - PRIOR YE	80,000	0
FEDERAL ESTIMATES - INCOME	80,515	0
FOREIGN TAXES ON QUALIFIED FOR	10,107	10,107
FOREIGN TAXES ON NONQUALIFIED	3,733	3,733