Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 07-01-2021 , and ending 06-30-2022
Name of foundation
THE WINSTON FOUNDATION INC
C/O L IPPOLITO (PAUL WEISS ET AL)
Number and street (or P.O. box number if mail is not delivered to street address)1285 AVENUE OF THE AMERICAS
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10019
A Employer identification number

13-6161672
B Telephone number (see instructions)

(212) 373-3000
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$85,336,523J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,906,516 1,906,516  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,700,360
b Gross sales price for all assets on line 6a 88,349,385
7 Capital gain net income (from Part IV, line 2)... 8,700,360
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 88,583 88,583  
12 Total. Add lines 1 through 11........ 10,695,459 10,695,459  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 96,000 19,200   76,800
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 18,089 0   18,089
b Accounting fees (attach schedule)....... Click to see attachment 35,000 17,500   17,500
c Other professional fees (attach schedule).... Click to see attachment 151,074 151,074   0
17 Interest............... 9,701 9,701   0
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 179,425 36,167   143,258
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 489,289 233,642   255,647
25 Contributions, gifts, grants paid....... 4,851,000 4,851,000
26 Total expenses and disbursements. Add lines 24 and 25 5,340,289 233,642   5,106,647
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,355,170
b Net investment income (if negative, enter -0-) 10,461,817
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,639,652 205,301 205,301
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 4,599,953 0 0
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 4,273,048 0 0
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 73,892,048 Click to see attachment89,407,222 85,131,222
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 84,404,701 89,612,523 85,336,523
Liabilities 17 Accounts payable and accrued expenses.......... 85,894 123,454
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment184,718 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 270,612 123,454
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 84,134,089 89,489,069
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
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)..... 84,134,089 89,489,069
30 Total liabilities and net assets/fund balances (see instructions). 84,404,701 89,612,523
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
84,134,089
2
Enter amount from Part I, line 27a .....................
2
5,355,170
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
89,489,259
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
190
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
89,489,069
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a THROUGH AEGON P    
b THROUGH CALVERT P    
c THROUGH COMMERCE TRUST P    
d THROUGH COMMUNITY CAPITAL P    
e THROUGH DIMENSIONAL P    
THROUGH FARALLON P    
THROUGH FRANKLIN P    
THROUGH HAMILTON P    
THROUGH VANGUARD P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 9,341,607   10,500,000 -1,158,393
b 14,597,647   12,977,501 1,620,146
c 10,682,009   11,387,434 -705,425
d 1,013,179   1,104,554 -91,375
e 26,033,460   24,432,170 1,601,290
12,622     12,622
5,107,055   4,838,448 268,607
154,938   59,806 95,132
21,406,868   14,349,112 7,057,756
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       -1,158,393
b       1,620,146
c       -705,425
d       -91,375
e       1,601,290
      12,622
      268,607
      95,132
      7,057,756
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 8,700,360
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 145,419
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- ..... 5 145,419
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 115,891
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 150,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 265,891
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 644
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 119,828
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet119,828 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletL IPPOLITO PAUL WEISS ET AL Telephone no.bullet (212) 373-3000

    Located atbullet1285 AVE OF THE AMERICASNEW YORKNY ZIP+4bullet10019
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    LAURI LEVITT FRIEDLAND PRESIDENT
    4.00     		35,000 0 0
    C/O PAUL WEISS 1285 6TH AVENUE
    NEW YORK,NY10019
    JAN KRUKOWSKI TREASURER
    4.00     		35,000 0 0
    C/O PAUL WEISS 1285 6TH AVENUE
    NEW YORK,NY10019
    BARBARA RIFKIND SECRETARY
    4.00     		26,000 0 0
    C/O PAUL WEISS 1285 6TH AVENUE
    NEW YORK,NY10019
    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...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    PAUL WEISS ET AL LEGAL AND ADMINISTRATIVE SERVICES 180,885
    1285 AVENUE OF THE AMERICAS
    NEW YORK,NY10019
    CLEARBROOK INVESTMENT CONSULTING LLC INVESTMENT SERVICES 84,466
    152 WEST 57TH STREET
    NEW YORK,NY10019
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    90,505,276
    b
    Average of monthly cash balances.......................
    1b
    1,071,504
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    91,576,780
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    91,576,780
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,373,652
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    90,203,128
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    4,510,156
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    4,510,156
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    145,419
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    145,419
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,364,737
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,364,737
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    4,364,737
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 4,364,737
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    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...... 167,872
    d From 2019......  
    e From 2020...... 760,834
    f Total of lines 3a through e ........ 928,706
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 5,106,647
    a Applied to 2020, but not more than line 2a 0
    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..... 4,364,737
    e Remaining amount distributed out of corpus 741,910
    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 1,670,616
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		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 ......     		1,670,616
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 167,872
    c Excess from 2019....  
    d Excess from 2020.... 760,834
    e Excess from 2021.... 741,910
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A BETTER CHANCE AT WESTPORT
    PO BOX 2153
    WESTPORT,CT06880     		NONE PC GENERAL PURPOSES 5,000
    ACLU FOUNDATION
    125 BROAD STREET 18TH FLOOR
    NEW YORK,NY10004     		NONE PC CIVIL RIGHTS ADVOCACY AND DEFENSE FOR IMMIGRANTS 125,000
    ADAPTIVE TRAINING FOUNDATION
    4125 OLD DENTON ROAD
    CARROLLTON,TX75010     		NONE PC GENERAL PURPOSES 4,000
    ALLIANCE FOR JUSTICE
    11 DUPONT CIRCLE NW
    WASHINGTON,DC20036     		NONE PC GENERAL PURPOSES 75,000
    AMERICAN FOUNDATION FOR THE BLIND
    1401 SOUTH CLARK STREET
    ARLINGTON,VA22202     		NONE PC GENERAL OPERATING SUPPORT 100,000
    BARD COLLEGE
    PO BOX 5000
    ANNANDALEONHUDSON,NY12504     		NONE PC SUPPORT COLLEGE PROGRAMS FOR PRISONERS 10,000
    BAY STREET THEATRE
    PO BOX 810
    SAG HARBOR,NY11963     		NONE PC SUPPORT OF MUSICIANS AND OTHER ARTISTS 70,000
    BENNINGTON COLLEGE
    ONE COLLEGE DRIVE
    BENNINGTON,VT05201     		NONE PC SUPPORT OF THE BEN BELITT LITERARY PROGRAMS 50,000
    BLUEPATH SERVICE DOGS
    8 COUNTRY CLUB ROAD
    HOPEWELL JUNCTION,NY12533     		NONE PC GENERAL PURPOSES 3,000
    BLUEPRINT FOR ACCOUNTABILITY
    84-66 162ND STREET
    JAMAICA,NY11432     		NONE PC FOR CELEBRATION OF THE CONSTITUTION AND NEW PLAY PRODUCTION 80,000
    BOYS TOWN JERUSALEM FOUNDATION OF AMERICA
    1 PENN PLAZA SUITE 6250
    NEW YORK,NY10119     		NONE PC GENERAL PURPOSES 5,000
    BROADWAY CARESEQUITY FIGHTS AIDS
    165 WEST 46TH STREET SUITE 1300
    NEW YORK,NY10036     		NONE PC SUPPORT EFFORTS BY THE ENTERTAINMENT INDUSTRY IN CHARITABLE AND EDUCATIONAL ENDEAVORS 30,000
    BROOKLYN ACADEMY OF MUSIC
    30 LAFAYETTE AVENUE
    BROOKLYN,NY11217     		NONE PC GENERAL PURPOSES 15,000
    CARL SHURZ PARK CONSERVANCY
    PO BOX 20523
    NEW YORK,NY10075     		NONE PC TOWARD SALARY OF THE YEAR ROUND DEDICATED GARDENER 20,000
    CENTER ON WRONGFUL CONVICTIONS
    375 EAST CHICAGO AVENUE
    CHICAGO,IL60611     		NONE PC GENERAL PURPOSES 10,000
    CENTRAL SYNAGOGUE
    123 EAST 55TH STREET
    NEW YORK,NY10022     		NONE PC GENERAL PURPOSES 5,000
    CHILD ADVOCATES OF SW CONNECTICUT
    55 GREEN FARMS ROAD SUITE 200-6
    WESTPORT,CT06851     		NONE PC GENERAL PURPOSES 30,000
    CINEMA ARTS CENTRE
    423 PARK AVENUE
    HUNTINGTON,NY11743     		NONE PC SUPPORT PROGRAMMING OF ARTISTIC AND SMALL DISTRIBUTION FILMS 1,000
    CITY COLLEGE
    160 CONVENT AVENUE
    NEW YORK,NY10031     		NONE PC SUPPORT FOR SIMON H. RIFKIND CENTER 150,000
    CLUTCH PRODUCTIONS
    19 SEAMAN AVENUE 3M
    NEW YORK,NY10034     		NONE PC SUPPORT THEATRE DESIGNERS FOR NEW PLAY DEVELOPMENT 69,000
    CONSERVATIVE SYNAGOGUE OF WESTPORT
    30 HILLSPOINT ROAD
    WESTPORT,CT06880     		NONE PC GENERAL PURPOSES 2,500
    COUNCIL ON FOREIGN RELATIONS
    58 EAST 68TH STREET
    NEW YORK,NY10065     		NONE PC GENERAL PURPOSES 1,000
    EARTH JUSTICE
    48 WALL STREET 15TH FLOOR
    NEW YORK,NY10005     		NONE PC ENVIRONMENTAL LEGAL ADVOCACY 70,000
    ENVIRONMENTAL DEFENSE FUND
    257 PARK AVENUE SOUTH
    NEW YORK,NY10010     		NONE PC GENERAL PURPOSES 25,000
    FILM FORUM
    209 WEST HOUSTON STREET
    NEW YORK,NY10014     		NONE PC GENERAL PURPOSES 15,000
    FLORIDA OCEANOGRAPHIC SOCIETY
    890 NE OCEAN BOULEVARD
    STUART,FL34996     		NONE PC GENERAL PURPOSES 10,000
    FRIENDS OF SHERWOOD ISLAND
    PO BOX 544
    WESTPORT,CT06880     		NONE PC GENERAL PURPOSES 2,500
    GALLERY NORTH
    90 NORTH COUNTRY ROAD
    SETAUKET,NY11733     		NONE PC SUPPORT OF ART EXHIBITIONS AND EDUCATIONAL PROGRAMS 10,000
    GIFFORDS LAW CENTER
    PO BOX 51196
    WASHINGTON,DC20091     		NONE PC TO COMBAT GUN VIOLENCE AND THE PROLIFERATION OF GUNS IN THE US 25,000
    GOATHOUSE GALLERY AND REFUGE
    680 ALTON ALSTON ROAD
    PITTSBORO,NC27312     		NONE PC GENERAL PURPOSES 15,000
    GUIDING EYES FOR THE BLIND
    611 GRANITE SPRINGS ROAD
    YORKTOWN HEIGHTS,NY10598     		NONE PC GENERAL PURPOSES 15,000
    HAMILTON COLLEGE
    198 COLLEGE HILL ROAD
    CLINTON,NY13323     		NONE PC FOR THE ARTHUR LEVITT PUBLIC AFFAIRS CENTER 550,000
    HARVARD COLLEGE LIBRARY
    PO BOX 419209
    BOSTON,MA02241     		NONE PC GENERAL PURPOSES 10,000
    HIBISCUS CHILDREN'S FOUNDATION
    PO BOX 1406
    JENSEN BEACH,FL34958     		NONE PC GENERAL PURPOSES 30,000
    HOMES WITH HOPE
    49 RICHMONDVILLE AVENUE SUITE 212
    WESTPORT,CT06680     		NONE PC GENERAL PURPOSES 6,000
    HOSPITAL FOR SPECIAL SURGERY
    535 EAST 70TH STREET
    NEW YORK,NY10021     		NONE PC GENERAL PURPOSES 435,000
    HUMAN RIGHTS FIRST
    75 BROAD STREET 31ST FLOOR
    NEW YORK,NY10004     		NONE PC FOR INTERNATIONAL HUMAN RIGHTS ADVOCACY AND OTHER GENERAL PURPOSES 50,000
    ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
    ONE GUSTAVE L LEVY PLACE BOX 1049
    NEW YORK,NY10029     		NONE PC SUPPORT HUMAN RIGHTS PROGRAM FOR FACULTY SUPPORT AND PROGRAM DEVELOPMENT 50,000
    INDEPENDENT DIPLOMAT
    45 EAST 20TH STREET
    NEW YORK,NY10003     		NONE PC GENERAL PURPOSES 15,000
    INTERNATIONAL RESCUE COMMITTEE
    122 EAST 42ND STREET
    NEW YORK,NY10168     		NONE PC AID UKRAINIAN REFUGEE CHILDREN AND THEIR FAMILIES 150,000
    JAZZ FOUNDATION OF AMERICA
    247 WEST 37TH STREET SUITE 201
    NEW YORK,NY10018     		NONE PC TO AID MUSICIANS 20,000
    LICK-WILMERDING HIGH SCHOOL
    755 OCEAN AVENUE
    SAN FRANCISCO,CA94112     		NONE PC FINANCIAL AID 40,000
    LINCOLN CENTER THEATER
    150 WEST 65TH STREET
    NEW YORK,NY10023     		NONE PC PRODUCTION OF NEW PLAYS AT THE MITZI NEWHOUSE THEATRE 30,000
    LONG ISLAND CARES
    10 DAVIDS DRIVE HARRY CHAPIN WAY
    HAUPPAUGE,NY11788     		NONE PC TO MAKE AVAILABLE OR DISTRIBUTE EMERGENCY FOOD 15,000
    MARTIN MEMORIAL FOUNDATION
    2135 SOUTHEAST OCEAN BOULEVARD
    STUART,FL34995     		NONE PC FOR THE MARYLIN AND ARTHUR LEVITT ENDOWED CHAIR FUND 400,000
    METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVENUE
    NEW YORK,NY10028     		NONE PC GENERAL PURPOSES 35,000
    NAACP
    4805 MOUNT HOPE DRIVE
    BALTIMORE,MD21215     		NONE PC COMBAT POLICE INTIMIDATION AND RACIAL VIOLENCE BY POLICE 30,000
    NATIONAL CENTER FOR LAW AND ECONOMIC JUSTICE
    275 SEVENTH AVENUE
    NEW YORK,NY10001     		NONE PC GENERAL PURPOSES 20,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    733 THIRD AVENUE 3RD FLOOR
    NEW YORK,NY10017     		NONE PC FOR MS RESEARCH 200,000
    NATIONAL PUBLIC RADIO WSHU
    5151 PARK AVENUE
    FAIRFIELD,CT06825     		NONE PC SUPPORT OF NPR STATION PROGRAMING 20,000
    NATURAL RESOURCE DEFENSE COUNCIL
    40 WEST 20TH STREET
    NEW YORK,NY10011     		NONE PC GENERAL PURPOSES 35,000
    NEW YORK HISTORICAL SOCIETY
    170 CENTRAL PARK WEST
    NEW YORK,NY10024     		NONE PC SUPPORT PROGRAMMING FOR CHILDREN 15,000
    NEW YORK PUBLIC LIBRARY
    FIFTH AVENUE AND 42ND STREET ROOM
    210
    NEW YORK,NY10018     		NONE PC GENERAL OPERATING SUPPORT 75,000
    NEW YORK SOCIETY LIBRARY
    53 EAST 79TH STREET
    NEW YORK,NY10021     		NONE PC GENERAL PURPOSES 15,000
    NYU COLLEGE PREP ACADEMY
    547 LAGUARDIA PLACE
    NEW YORK,NY10012     		NONE PC TO SUPPORT HIGH SCHOOL STUDENTS IN NEED TO SUCCESSFULLY APPLY FOR COLLEGE 100,000
    NYU COURANT
    547 LAGUARDIA PLACE
    NEW YORK,NY10012     		NONE PC GSTEM MENTORING PROGRAM 45,000
    NYU PROGRAM FOR INCLUSION AND NEURODIVERSITY EDUCATION
    547 LAGUARDIA PLACE
    NEW YORK,NY10012     		NONE PC ANNUAL MEMBER SUMMIT 55,000
    NYU SHANGHAI
    547 LAGUARDIA PLACE
    NEW YORK,NY10012     		NONE PC SUPPORT THE ACTIVITIES FOR NEUROECONOMICS RESEARCH 100,000
    NYU STERN SCHOOL OF BUSINESS
    547 LAGUARDIA PLACE
    NEW YORK,NY10012     		NONE PC GENERAL OPERATING SUPPORT 50,000
    PEOPLE FOR THE AMERICAN WAY
    1101 15TH STREET NW SUITE 600
    WASHINGTON,DC20005     		NONE PC CAMPAIGN TO COMBAT VOTING RESTRICTIONS 100,000
    PERFORMANCE SPACES FOR THE 21ST CENTURY
    PO BOX 321
    CHATHAM,NY12037     		NONE PC GENERAL PURPOSES 5,000
    PLANNED PARENTHOOD FEDERATION OF AMERICA
    123 WILLIAM STREET 10TH FLOOR
    NEW YORK,NY10038     		NONE PC GENERAL PURPOSES 10,000
    PROMISE PROJECT
    121 AVENUE OF THE AMERICAS 6TH
    FLOOR
    NEW YORK,NY10013     		NONE PC DELIVERY OF COMPREHENSIVE SERVICES TO DISADVANTAGED CHILDREN LIVING WITH LEARNING DISABILITIES 55,000
    QUEENS COLLEGE - AARON COPLAND SCHOOL
    65-30 KISSENA BOULEVARD
    FLUSHING,NY11367     		NONE PC SIR ROLAND HANNA MEMORIAL SCHOLARSHIP FUND 30,000
    RETT SYNDROME RESEARCH TRUST
    67 UNDER CLIFF ROAD
    TRUMBULL,CT06611     		NONE PC SUPPORT AND STIMULATE NEW RESEARCH STRATEGIES 30,000
    ROBIN HOOD FOUNDATION
    826 BROADWAY 9TH FLOOR
    NEW YORK,NY10003     		NONE PC ACTIVITIES AND PROGRAMS IN THE CORE PROGRAM PORTFOLIO 60,000
    SAVE THE CHILDREN
    501 KINGS HIGHWAY EAST
    FAIRFIELD,CT06825     		NONE PC GENERAL PURPOSES 30,000
    SAVE THE SOUND
    900 CHAPEL STREET UPPER MEZZANINE
    NEW HAVEN,CT06510     		NONE PC GENERAL PURPOSES 5,000
    SCHOLARS AT RISK NETWORK
    194 MERCER STREET ROOM 410
    NEW YORK,NY10012     		NONE PC GENERAL PURPOSES 50,000
    SCIENCE FRIDAY INITIATIVE
    30 BROAD STREET SUITE 801
    NEW YORK,NY10004     		NONE PC SUPPORT PROGRAMMING AND EDUCATIONAL OUTREACH 25,000
    SMITH COLLEGE
    33 ELM STREET
    NORTHAMPTON,MA01063     		NONE PC GENERAL OPERATING SUPPORT OF THE COLLEGE'S PROGRAMS 60,000
    SOUTHERN POVERTY LAW CENTER
    400 WASHINGTON AVENUE
    MONTGOMERY,AL36104     		NONE PC SUPPORT OF SPLC MISSION FOR RACIAL JUSTICE IN THE SOUTH 60,000
    STONY BROOK FOUNDATION
    STONY BROOK HOSPITAL
    STONY BROOK,NY11794     		NONE PC STEM CELL RESEARCH AND MS TEEN ADVENTURE PROGRAM 50,000
    STUDENT ADVOCACY
    3 MAIN STREET SUITE 212
    ELMSFORD,NY10523     		NONE PC GENERAL PURPOSES 1,000
    TEMPLE BEIT HAYAM
    951 SE MONTEREY COMMONS BOULEVARD
    STUART,FL34996     		NONE PC GENERAL PURPOSES 5,000
    TERRANOVA COLLECTIVE
    565 NORTH MADISON STREET
    MARSHALL,MI49068     		NONE PC NEW PLAY PRODUCTION 69,000
    THE 24 HOUR COMPANY
    177 DWIGHT STREET
    BROOKLYN,NY11231     		NONE PC SUPPORT WRITES AND COMPOSERS OF NEW WORK 117,000
    THE BEE AND BUTTERFLY HABITAT FUND
    PO BOX 26793
    SALT LAKE CITY,UT84126     		NONE PC TO HELP RESCUE BEES 5,000
    THE FIELD
    75 MAIDEN LANE SUITE 906
    NEW YORK,NY10038     		NONE PC GENERAL OPERATING SUPPORT TO REALIZE NEW AND ONGOING PROGRAMS 25,000
    THE METROPOLITAN OPERA ASSOCIATION
    30 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		NONE PC GENERAL PURPOSES 15,000
    THE NATURE CONSERVANCY
    4245 NORTH FAIRFAX DRIVE SUITE 100
    ARLINGTON,VA22203     		NONE PC SUPPORT CREATING A NATURAL AND THRIVING ENVIRONMENT 20,000
    THE RAND CORPORATION
    1776 MAIN STREET PO BOX 2138
    SANTA MONICA,CA90407     		NONE PC GENERAL PURPOSES 5,000
    THE SAMUEL WAXMAN CANCER RESEARCH FOUNDATION
    420 LEXINGTON AVENUE SUITE 825
    NEW YORK,NY10170     		NONE PC GENERAL PURPOSES 5,000
    TRUSTEES OF RESERVATIONS
    200 HIGH STREET 4TH FLOOR
    BOSTON,MA02110     		NONE PC PRESIDENT'S CIRCLE ANNUAL SUPPORT AND ACQUISITION AND START-UP COSTS FOR MORAINE FARM 100,000
    UNIVERSITY OF ARIZONA FOUNDATION
    PO BOX 210109
    TUCSON,AR85721     		NONE PC ARCHIVES SPACE AND GRADUATE FELLOWSHIP 25,000
    VERA INSTITUTE OF JUSTICE
    34 35TH STREET SUITE 4-2A
    BROOKLYN,NY11232     		NONE PC ENSURE LEGAL COUNSEL FOR UNDOCUMENTED IMMIGRANTS 40,000
    VIBES FAMILY VIOLENCE & RAPE CRISIS CENTER
    185 OVAL DRIVE
    ISLANDIA,NY11749     		NONE PC GENERAL OPERATING SUPPORT 45,000
    WEILL CORNELL MEDICINE
    1300 YORK AVENUE BOX 314
    NEW YORK,NY10065     		NONE PC FUND FOR THE FUTURE 60,000
    WELLLIFE NETWORK
    142-02 20TH AVENUE 3RD FLOOR
    FLUSHING,NY11351     		NONE PC TO AID INIDIVIDUALS COPING WITH SUBSTANCE ABUSE AND MENTAL HEALTH ISSUES 60,000
    WESTPORT COUNTRY PLAYHOUSE
    25 POWERS COURT
    WESTPORT,CT06880     		NONE PC GENERAL PURPOSES 20,000
    WESTPORT LIBRARY
    20 JESUP ROAD
    WESTPORT,CT06880     		NONE PC GENERAL PURPOSES 10,000
    WESTPORT TEMPLE ISRAEL
    14 COLEYTOWN ROAD
    WESTPORT,CT06880     		NONE PC GENERAL PURPOSES 10,000
    Total .................................bullet 3a 4,851,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 8,700,360  
    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 10,695,459 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    10,695,459
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE WINSTON FOUNDATION INC
     
    C/O L IPPOLITO (PAUL WEISS ET AL)
    EIN:
    13-6161672
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RSM US LLP 35,000 17,500   17,500

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE WINSTON FOUNDATION INC
     
    C/O L IPPOLITO (PAUL WEISS ET AL)
    EIN:
    13-6161672
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    159,156.118 SHRS OF SHORT-TERM INFLATION-PROTECTED SECURITIES INDX FD ADMI AT COST 4,055,363 3,945,480
    612,338.935 SHRS OF TOTAL BOND MARKET INDEX FUND INSTITUTIONAL AT COST 6,122,585 6,068,279
    504,761.381 SHRS OF ESG US STOCK ETF AT COST 36,390,255 33,516,156
    94,552 SHRS OF ESG US CORPORATE BOND ETF AT COST 6,068,071 5,953,363
    461,196.219 SHRS OF ESG INTERNATIONAL STOCK ETF AT COST 24,541,224 22,617,061
    1.21% OWNERSHIP OF CORE PROPERTY INDEX FUND, LLC AT COST 4,000,000 4,000,000
    0.69% OWNERSHIP OF FARALLON CAPITAL F5 INVESTORS I, LP AT COST 5,057,023 6,166,283
    2.00% OWNERSHIP OF HAMILTON LANE PRIVATE EQUITY OFFSHORE FUND VI L.P. AT COST 1,313,068 811,284
    1.09% OWNERSHIP OF ROSE AFFORDABLE HOUSING PRESERVATION FUND V REIT LP AT COST 1,859,633 2,053,316

    TY 2021 LegalFeesSchedule
    Name:
    THE WINSTON FOUNDATION INC
     
    C/O L IPPOLITO (PAUL WEISS ET AL)
    EIN:
    13-6161672
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAUL WEISS ET AL. 18,089 0   18,089


    TY 2021 OtherDecreasesSchedule
    Name:
    THE WINSTON FOUNDATION INC
     
    C/O L IPPOLITO (PAUL WEISS ET AL)
    EIN:
    13-6161672
    Description Amount
    FUND BALANCE ADJUSTMENT 190


    TY 2021 OtherExpensesSchedule
    Name:
    THE WINSTON FOUNDATION INC
     
    C/O L IPPOLITO (PAUL WEISS ET AL)
    EIN:
    13-6161672
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE FEE 162,797 32,559   130,238
    ADVISORY FEES 14,400 2,880   11,520
    NYS DEPARTMENT OF LAW 1,500 0   1,500
    OTHER EXPENSES - FARALLON 551 551   0
    OTHER EXPENSES - ROSE 177 177   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THE WINSTON FOUNDATION INC
     
    C/O L IPPOLITO (PAUL WEISS ET AL)
    EIN:
    13-6161672
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME - HAMILTON 88,583 88,583 88,583


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE WINSTON FOUNDATION INC
     
    C/O L IPPOLITO (PAUL WEISS ET AL)
    EIN:
    13-6161672
    Description Beginning of Year - Book Value End of Year - Book Value
    DUE TO BROKER (BRECKINRIDGE) 184,718 0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE WINSTON FOUNDATION INC
     
    C/O L IPPOLITO (PAUL WEISS ET AL)
    EIN:
    13-6161672
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMMERCE TRUST INVESTMENTS 16,882 16,882   0
    CORE PROPERTY INVESTMENTS 49,726 49,726   0
    CLEARBROOK INVESTMENT CONSULTING LLC 84,466 84,466   0