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 10-01-2021 , and ending 09-30-2022
Name of foundation
THE GROVE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1667
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ALTOS, CA940231667
A Employer identification number

77-0108124
B Telephone number (see instructions)

(650) 523-1300
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$98,856,339J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 3,035,432 2,846,755  
4 Dividends and interest from securities... 147,417 381,228  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,552,476
b Gross sales price for all assets on line 6a 13,730,708
7 Capital gain net income (from Part IV, line 2)... 3,782,596
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 5,288 36,074  
12 Total. Add lines 1 through 11........ 6,740,613 7,046,653  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 45,969 36,131   9,838
b Accounting fees (attach schedule)....... Click to see attachment 38,600 3,860   34,740
c Other professional fees (attach schedule).... Click to see attachment 455,791 398,828   56,963
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 101,052 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 6,201 0   6,201
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 82,557 0   82,557
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 730,170 438,819   190,299
25 Contributions, gifts, grants paid....... 23,508,106 20,282,000
26 Total expenses and disbursements. Add lines 24 and 25 24,238,276 438,819   20,472,299
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -17,497,663
b Net investment income (if negative, enter -0-) 6,607,834
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......... 42,085,727 23,678,661 23,678,661
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) bullet40,000
Less: allowance for doubtful accounts bullet0 40,000 40,000 40,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 32,452,380 Click to see attachment35,397,957 35,397,957
b Investments—corporate stock (attach schedule)....... 7,473,567 Click to see attachment5,973,363 5,973,363
c Investments—corporate bonds (attach schedule)....... 15,138,184 Click to see attachment10,808,684 10,808,684
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,608,090 Click to see attachment9,346,738 13,913,902
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment9,669,951 Click to see attachment9,043,772 Click to see attachment9,043,772
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 115,467,899 94,289,175 98,856,339
Liabilities 17 Accounts payable and accrued expenses.......... 21,024 454
18 Grants payable................. 490,000 3,360,000
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)    
23 Total liabilities (add lines 17 through 22)......... 511,024 3,360,454
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........... 114,956,875 90,928,721
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)..... 114,956,875 90,928,721
30 Total liabilities and net assets/fund balances (see instructions). 115,467,899 94,289,175
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
114,956,875
2
Enter amount from Part I, line 27a .....................
2
-17,497,663
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
30,000
4
Add lines 1, 2, and 3 ..........................
4
97,489,212
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
6,560,491
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
90,928,721
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 PASSTHROUGH CAPITAL GAIN P 2021-09-30 2022-09-30
b PUBLICLY TRADED SECURITIES P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,993,137     3,993,137
b 9,737,571   9,948,112 -210,541
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,993,137
b       -210,541
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,782,596
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 91,849
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 91,849
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 90,095
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 63,000
d Backup withholding erroneously withheld ........... 6d 1,052
7 Total credits and payments. Add lines 6a through 6d.............. 7 154,147
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 357
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 61,941
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet61,941 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)
    bulletCA
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.GROVEFOUNDATION.ORG
    14
    The books are in care ofbulletLESLIE DOROSIN Telephone no.bullet (650) 523-1330

    Located atbulletPO BOX 1667LOS ALTOSCA ZIP+4bullet940231667
    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)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    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
     
    No
    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
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    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
    KAREN GROVE BOARD CHAIR
    8.00     		0 0 0
    PO BOX 1667
    LOS ALTOS,CA94023
    EVA K GROVE SECRETARY
    6.00     		0 0 0
    PO BOX 1667
    LOS ALTOS,CA94023
    LESLIE DOROSIN CO-EXECUTIVE DIRECTOR/CFO
    15.00     		0 0 0
    PO BOX 1667
    LOS ALTOS,CA94023
    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
    CANDIDE GROUP INVESTMENT CONSULTING 76,245
    1721 BROADWAY STE 201
    OAKLAND,CA94612
    LEARNING FOR ACTION PROGRAM CONSULTANT 71,298
    PO BOX 411490
    SAN FRANCISCO,CA94141
    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 INTERNATIONAL RESCUE COMMITTEE, CENTER FOR ECONOMIC OPPORTUNITY 500,000
    2 SOAR FUND CLASS B: THE LOANS ARE DESIGNED TO REACH BUSINESSES AND NONPROFITS WITH 50 OR FEWER FULL-TIME EQUIVALENT EMPLOYEES AND HISTORICALLY UNDERSERVED BUSINESSES, INCLUDING THOSE IN LOW-INCOME AND RURAL COMMUNITIES AND BUSINESSES OWNED BY WOMEN AND PEOPLE OF COLOR. 421,538
    All other program-related investments. See instructions.
    3 Click to see attachment 1,304,450
    Total. Add lines 1 through 3.........................bullet2,225,988
    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
    53,320,750
    b
    Average of monthly cash balances.......................
    1b
    36,138,119
    c
    Fair market value of all other assets (see instructions)................
    1c
    13,913,902
    d
    Total (add lines 1a, b, and c).........................
    1d
    103,372,771
    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
    103,372,771
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,550,592
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    101,822,179
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    5,091,109
    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
    5,091,109
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    91,849
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    91,849
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,999,260
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,354
    5
    Add lines 3 and 4............................
    5
    5,000,614
    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
    5,000,614
    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 5,000,614
    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...... 13,936,042
    b From 2017...... 13,102,677
    c From 2018...... 13,456,111
    d From 2019...... 17,854,351
    e From 2020...... 15,061,374
    f Total of lines 3a through e ........ 73,410,555
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 22,698,287
    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..... 5,000,614
    e Remaining amount distributed out of corpus 17,697,673
    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 91,108,228
    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) ...     		13,936,042
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		77,172,186
    10 Analysis of line 9:
    a Excess from 2017.... 13,102,677
    b Excess from 2018.... 13,456,111
    c Excess from 2019.... 17,854,351
    d Excess from 2020.... 15,061,374
    e Excess from 2021.... 17,697,673
    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).)
    EVA K GROVE
    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
    ABORTION FREEDOM PARTNERSHIP
    14435 C BIG BASIN WAY SUITE 106
    SARATOGA,CA95070     		N/A PC REPROCARE HEALTHLINE 30,000
    ACCESS REPRODUCTIVE JUSTICE
    PO BOX 3609
    OAKLAND,CA946090609     		N/A PC GENERAL SUPPORT 190,000
    ACT FOR WOMEN AND GIRLS
    PO BOX 536
    VISALIA,CA932790536     		N/A PC GENERAL SUPPORT 80,000
    ACTERRA ACTION FOR A HEALTHY PLANET
    3921 E BAYSHORE ROAD
    PALO ALTO,CA94303     		N/A PC CLIMATE RESILIENT COMMUNITIES 25,000
    ACTIVATE 48 EDUCATION FUND
    5716 N 19TH AVENUE
    PHOENIX,AZ85015     		N/A PC GENERAL SUPPORT 100,000
    ADVOCATES FOR YOUTH
    1325 G STREET NW SUITE 980
    WASHINGTON,DC20005     		N/A PC FOSE, WISE 2022-2023 438,000
    AL OTRO LADO INC
    1200 N STATE STREET
    LOS ANGELES,CA90032     		N/A PC BORDER RIGHTS PROJECT 55,000
    ALAMEDA HEALTH SYSTEM FOUNDATION
    350 FRANK H OGAWA PLAZA SUITE 900
    OAKLAND,CA94612     		N/A PC BELOVEDBIRTH BLACK CENTERING 100,000
    ALL-OPTIONS
    PO BOX 28284
    OAKLAND,CA94604     		N/A PC GENERAL SUPPORT 50,000
    AMALGAMATED CHARITABLE FOUNDATION INC
    1825 K STREET NW
    WASHINGTON,DC20006     		N/A PC ABORTION MOVEMENT FUND, BOARD AND STAFF DONOR ADVISED FUND TRANSFER 512,000
    AMERICAN ASSOCIATION OF PEOPLE WITH DISABILITIES
    2020 PENNSYLVANIA AVENUE MAILBOX
    263
    WASHINGTON,DC20006     		N/A PC $30K FOR THE NATIONAL REGISTER, EDUCATE, VOTE, USE YOUR POWER (REV UP) PROGRAM AND $10K FOR THE REV UP NEVADA PROGRAM 40,000
    AMERICAN CIVIL LIBERTIES UNION OF NEVADA FOUNDATION INC
    601 S RANCHO DRIVE SUITE B11
    LAS VEGAS,NV891064896     		N/A PC GENERAL SUPPORT 25,000
    APIARY FOR PRACTICAL SUPPORT
    99 WALL STREET SUITE 1279
    NEW YORK,NY10005     		N/A PC GENERAL SUPPORT 200,000
    ARIZONA CENTER FOR EMPOWERMENT
    5710 NORTH 19TH AVENUE
    PHOENIX,AZ85015     		N/A PC ARIZONA WOMEN'S COLLECTIVE 50,000
    ASIAN AMERICANS ADVANCING JUSTICE-ASIAN LAW CAUCUS
    55 COLUMBUS AVENUE
    SAN FRANCISCO,CA941112101     		N/A PC GENERAL SUPPORT 210,000
    BALLOT INITIATIVE STRATEGY CENTER FOUNDATION
    1660 L STREET NW SUITE 605
    WASHINGTON,DC20036     		N/A PC GENERAL SUPPORT 50,000
    BLACK ORGANIZING FOR LEADERSHIP AND DIGNITY INC
    1330 NE 132ND STREET
    NORTH MIAMI,FL33161     		N/A PC GENERAL SUPPORT 150,000
    BLACK VOTERS MATTER CAPACITY BUILDING INSTITUTE
    3645 MARKETPLACE BOULEVARD SUITE
    130-209
    EAST POINT,GA30344     		N/A PC GENERAL SUPPORT 100,000
    BLACK WOMEN FOR WELLNESS
    PO BOX 292516
    LOS ANGELES,CA900297516     		N/A PC GENERAL SUPPORT 125,000
    BOREALIS PHILANTHROPY
    126 N THIRD STREET SUITE 402
    MINNEAPOLIS,MN554012838     		N/A PC RACIAL EQUITY TO ACCELERATE CHANGE (REACH) FUND 100,000
    CABRILLO COLLEGE FOUNDATION
    6500 SOQUEL DRIVE
    APTOS,CA950033119     		N/A PC HIGH ACHIEVER SCHOLARSHIP FOR CTE STUDENTS 100,000
    CALIFORNIA COLLABORATIVE FOR IMMIGRANT JUSTICE
    1999 HARRISON STREET
    OAKLAND,CA94612     		N/A PC GENERAL SUPPORT 300,000
    CALIFORNIA IMMIGRANT POLICY CENTER
    634 S SPRING STREET SUITE 600A
    LOS ANGELES,CA900143906     		N/A PC GENERAL SUPPORT 120,000
    CALIFORNIA LATINAS FOR REPRODUCTIVE JUSTICE
    PO BOX 861766
    LOS ANGELES,CA90086     		N/A PC GENERAL SUPPORT 50,000
    CARDEA CENTER FOR HEALTH AND HUMAN SERVICES
    614 GRAND AVENUE SUITE 400
    OAKLAND,CA946103562     		N/A PC GENERAL SUPPORT 315,000
    CATCHAFIRE INC
    31 EAST 32ND STREET SUITE 1001
    NEW YORK,NY10016     		N/A NC CATCHAFIRE PLATFORM 94,500
    CENTER FOR CIVIC POLICY
    PO BOX 27616
    ALBUQUERQUE,NM871257616     		N/A PC $100,000 FOR THE CLEAN ENERGY AND CLIMATE JUSTICE WORK AND $75,000 FOR GENERAL SUPPORT 175,000
    CENTER ON RACE POVERTY & ENVIRONMENT
    5901 CHRISTIE AVENUE SUITE 208
    EMERYVILLE,CA94608     		N/A PC GENERAL SUPPORT 450,000
    CENTRAL CALIFORNIA ENVIRONMENTAL JUSTICE NETWORK
    23564 CALABASAS ROAD SUITE 201
    CALABASAS,CA91302     		N/A PC GENERAL SUPPORT 275,000
    CENTRAL VALLEY IMMIGRANT INTEGRATION COLLABORATIVE
    2023 NORTH GATEWAY BOULEVARD SUITE
    101
    FRESNO,CA93727     		N/A PC GENERAL SUPPORT 55,000
    CHINESE FOR AFFIRMATIVE ACTION
    17 WALTER U LUM PLACE
    SAN FRANCISCO,CA941081801     		N/A PC HMONG INNOVATING POLITICS 100,000
    CHINESE PROGRESSIVE ASSOCIATION
    1042 GRANT AVENUE FIFTH FLOOR
    SAN FRANCISCO,CA94133     		N/A PC BLACK FUTURE'S LAB 25,000
    CIVIL RIGHTS EDUCATION AND ENFORCEMENT CENTER
    1245 E COLFAX AVENUE SUITE 400
    DENVER,CO80218     		N/A PC IMMIGRATION DETENTION ACCOUNTABILITY PROJECT 50,000
    COASTSIDE HOPE
    PO BOX 1089
    EL GRANADA,CA940181089     		N/A PC GENERAL SUPPORT 110,000
    COLLECTIVE ACTION FOR SAFE SPACES
    455 MASSACHUSETTS AVENUE PMB 346
    WASHINGTON,DC20001     		N/A PC GENERAL SUPPORT 75,000
    COMMONSENSE CHILDBIRTH
    213 S DILLARD STREET SUITE 340
    WINTER GARDEN,FL34787     		N/A PC GENERAL SUPPORT 100,000
    COMMUNITIES FOR A BETTER ENVIRONMENT
    6325 PACIFIC BOULEVARD SUITE 300
    HUNTINGTON PARK,CA902554100     		N/A PC GENERAL SUPPORT 187,500
    COMMUNITY INITIATIVE
    1000 BROADWAY SUITE 480
    OAKLAND,CA94607     		N/A PC BAY AREA COMMUNITY HEALTH ADVISORY COUNCIL, IMMIGRANTS RISING 262,000
    COMMUNITY LEGAL SERVICES IN EAST PALO ALTO INC
    1861 BAY ROAD
    EAST PALO ALTO,CA94303     		N/A PC GENERAL SUPPORT 235,000
    CORA COMMUNITY OVERCOMING RELATIONSHIP ABUSE
    PO BOX 5090
    SAN MATEO,CA94403     		N/A PC GENERAL SUPPORT 60,000
    DINE CITIZENS AGAINST RUINING OUR ENVIRONMENT
    10A TOWN PLAZA PMB 138
    DURANGO,CO813015104     		N/A PC GENERAL SUPPORT 540,000
    EMERALD CITIES COLLABORATIVE
    1140 CONNECTICUT AVENUE NW
    WASHINGTON,DC200364003     		N/A PC FOR THE FRESNO OPERATIONS OF CALIFORNIA YOUTH LEADERSHIP CORP 50,000
    EYES OPEN IOWA
    4000 WESTOWN PARKWAY SUITE 204
    WEST DES MOINES,IA50266     		N/A PC GENERAL SUPPORT 165,000
    FAITH IN ACTION BAY AREA
    1336 ARROYO AVENUE
    SAN CARLOS,CA940703913     		N/A PC PEOPLE'S ALLIANCE INTEGRATED VOTER ENGAGEMENT WORK 100,000
    FORWARD TOGETHER
    300 FRANK H OGAWA PLAZA STE 700
    OAKLAND,CA94612     		N/A PC GENERAL SUPPORT 200,000
    FREEDOM ROC
    915 E MARKET STREET
    AKRON,OH44305     		N/A PC GENERAL SUPPORT 55,000
    FRIENDS FOR YOUTH
    1741 BROADWAY STREET FIRST FLOOR
    REDWOOD CITY,CA94063     		N/A PC GENERAL SUPPORT 10,000
    FUERTE ART COLLECTIVE
    110 NORTH 9TH AVENUE SUITE 912
    PHOENIX,AZ85007     		N/A PC GENERAL SUPPORT 25,000
    FUNDERS FOR REPRODUCTIVE EQUITY INC
    PO BOX 750
    ROCKVILLE,MD208480750     		N/A PC GENERAL SUPPORT 20,000
    GEORGIA CAMPAIGN FOR ADOLESCENT POWER AND POTENTIAL
    1849 THE EXCHANGE SE SUITE 200
    ATLANTA,GA30339     		N/A PC GENERAL SUPPORT 160,000
    GEORGIA COALITION FOR THE PEOPLES AGENDA
    501 PULLIAM STREET SUITE 410
    ATLANTA,GA30312     		N/A PC GENERAL SUPPORT 75,000
    GRANTMAKERS CONCERNED WITH IMMIGRANTS AND REFUGEES
    PO BOX 2178
    PETALUMA,CA949532178     		N/A PC GENERAL SUPPORT 52,500
    GREATER BIRMINGHAM MINISTRIES
    2304 12TH AVENUE NORTH
    BIRMINGHAM,AL35234     		N/A PC GENERAL SUPPORT 90,000
    GRID ALTERNATIVES
    1171 OCEAN AVENUE STE 200
    OAKLAND,CA946081147     		N/A PC GENERAL SUPPORT 300,000
    GROUNDSWELL FUND
    436 14TH STREET SUITE 723
    OAKLAND,CA946122709     		N/A PC GENERAL SUPPORT 200,000
    HAITIAN BRIDGE ALLIANCE
    4625 FAIRMONT AVENUE SUITE 280
    SAN DIEGO,CA92105     		N/A PC GENERAL SUPPORT 50,000
    HIAS INC
    1300 SPRING STREET SUITE 500
    SILVER SPRING,MD209103634     		N/A PC GENERAL SUPPORT 250,000
    HIGHLANDER CENTER RESEARCH & EDUCATION INC
    1959 HIGHLANDER WAY
    NEW MARKET,TN37820     		N/A PC PEOPLE'S ADVOCACY INSTITUTE 110,000
    HOUSING LEADERSHIP COUNCIL OF SAN MATEO COUNTY
    2905 S EL CAMINO REAL
    SAN MATEO,CA944032730     		N/A PC HOUSING ELEMENT WORK 40,000
    HUMAN INVESTMENT PROJECT INC
    364 SOUTH RAILROAD AVENUE
    SAN MATEO,CA944014024     		N/A PC SELF SUFFICIENCY PROGRAM 100,000
    HUMAN RIGHTS FIRST
    75 BROAD STREET THIRTY-FIRST FLOOR
    NEW YORK,NY10004     		N/A PC REFUGEE PROTECTION 75,000
    IFWHENHOW
    1730 FRANKLIN STREET SUITE 212
    OAKLAND,CA94612     		N/A PC GENERAL SUPPORT 200,000
    IMMIGRANT LEGAL RESOURCE CENTER
    1458 HOWARD STREET
    SAN FRANCISCO,CA941032473     		N/A PC GENERAL SUPPORT, IMMIGRATION TRAINING AND TECHNICAL ASSISTANCE, POLICY ADVOCACY, AND CIVIC ENGAGEMENT, NEW AMERICANS CAMPAIGN 642,500
    IMMIGRATION INSTITUTE OF THE BAY AREA
    2600 MIDDLEFIELD ROAD
    REDWOOD CITY,CA94063     		N/A PC GENERAL SUPPORT 310,000
    INNOVATIONS IN REPRODUCTIVE HEALTH ACCESS
    1001 46TH STREET UNIT 519
    EMERYVILLE,CA94608     		N/A PC RIGHT BY YOU 15,000
    INSTITUTE OF WOMEN AND ETHNIC STUDIES
    2021 LAKESHORE DRIVE SUITE 220
    NEW ORLEANS,LA70122     		N/A PC GENERAL SUPPORT 75,000
    INTERNATIONAL REFUGEE ASSISTANCE PROJECT
    ONE BATTERY PARK PLAZA FOURTH FLOOR
    NEW YORK,NY10004     		N/A PC GENERAL SUPPORT 75,000
    INTERNATIONAL RESCUE COMMITTEE INC
    122 EAST 42ND STREET
    NEW YORK,NY101680002     		N/A PC GENERAL SUPPORT 585,000
    INTER-TRIBAL COUNCIL OF ARIZONA INC
    2214 N CENTRAL AVENUE 100
    PHOENIX,AZ85004     		N/A PC GENERAL SUPPORT 55,000
    JOBTRAIN INC
    1200 O BRIEN DRIVE
    MENLO PARK,CA940251413     		N/A PC GENERAL SUPPORT 125,000
    JUSTICE IN MOTION
    PO BOX 160128
    BROOKLYN,NY11216     		N/A PC GENERAL SUPPORT 50,000
    KENTUCKY HEALTH JUSTICE NETWORK
    PO BOX 4761
    LOUISVILLE,KY40204     		N/A PC GENERAL SUPPORT 50,000
    LEAGUE OF CONSERVATION VOTERS EDUCATION FUND
    740 15TH STREET NW SUITE 700
    WASHINGTON,DC20005     		N/A PC CHISPA NATIONAL, CHISPA TEXAS, CHISPA ARIZONA, AND CHISPA NEVADA 350,000
    LEGAL AID SOCIETY OF SAN MATEO CO
    330 TWIN DOLPHIN DRIVE SUITE 123
    REDWOOD CITY,CA94065     		N/A PC LIBRE PROJECT 150,000
    LIFEMOVES
    181 CONSTITUTION DRIVE
    MENLO PARK,CA94025     		N/A PC GENERAL SUPPORT 120,000
    MAKE THE ROAD NEVADA
    4250 E BONANZA ROAD SUITE 14
    LAS VEGAS,NV89110     		N/A PC UNDERWRITE THE COSTS ASSOCIATED WITH THE NEVADA ENVIRONMENTAL JUSTICE COALITION'S SUMMER RETREAT 25,000
    MARCH ON MARYLAND INC
    215 WATTS BRANCH PARKWAY
    ROCKVILLE,MD20850     		N/A PC THE FUTURE COALITION 200,000
    MI FAMILIA VOTA EDUCATION FUND
    3030 N CENTRAL AVENUE NINTH FLOOR
    SUITE 900
    PHOENIX,AZ85012     		N/A PC FOR THE ARIZONA OPERATIONS 40,000
    NATIONAL CENTER FOR YOUTH LAW
    1212 BROADWAY SUITE 600
    OAKLAND,CA94612     		N/A PC IMMIGRATION 50,000
    NATIONAL IMMIGRATION FORUM INC
    50 F STREET NW SUITE 300
    WASHINGTON,DC200010000     		N/A PC NEW AMERICAN WORKFORCE 75,000
    NATIONAL URBAN INDIAN FAMILY COALITION
    4000 AURORA AVENUE N SUITE 102
    SEATTLE,WA98103     		N/A PC ARIZONA, NEVADA, NEW MEXICO, AND NATIONAL OPERATIONS 170,000
    NATIVE AMERICAN RIGHTS FUND
    1506 BROADWAY
    BOULDER,CO80302     		N/A PC GENERAL SUPPORT 100,000
    NDN COLLECTIVE
    408 KNOLLWOOD DIVE
    RAPID CITY,SD57701     		N/A PC GENERAL SUPPORT 150,000
    NEO PHILANTHROPY INC
    1001 AVENUE OF THE AMERICAS TWELFTH
    FLOOR
    NEW YORK,NY10018     		N/A PC BLACK MIGRANT POWER FUND, FOUR FREEDOMS FUND, REPROJOBS, REPROJOBS REPRO WORKER AID PROGRAM, STATE INFRASTRUCTURE FUND, STATE INFRASTRUCTURE FUND COMMUNITY REDISTRICTING LITIGATION FUND, SILVER STATE VOICES, SILVER STATE VOICES ORGANIZATIONAL DEVELOPMENT PL 1,150,000
    NEW AMERICAN LEADERS
    530 7TH AVENUE FLOOR M1
    NEW YORK,NY10018     		N/A PC FUNDS WILL BE ALLOCATED AS FOLLOWED: 75K FOR THE ARIZONA OPERATIONS AND 75K FOR THE NEVADA OPERATIONS 150,000
    NEW MEXICO BLACK LEADERSHIP COUNCIL
    1258 ORTIZ SE SUITE 304
    ALBUQUERQUE,NM87108     		N/A PC THE NEW MEXICO BLACK VOTERS COLLABORATIVE 60,000
    NEW VENTURE FUND
    1201 CONNECTICUT AVENUE NW SUITE
    300
    WASHINGTON,DC20036     		N/A PC CENSUS EQUITY INITIATIVE PROJECT 30,000
    NORTH COUNTRY PRENATALPERINATAL COUNCIL INC
    200 WASHINGTON STREET SUITE 300
    WATERTOWN,NY13601     		N/A PC 2021-2022 WISE MINI-GRANT 50,000
    NORTH MAIN STREET FUND
    114 NORTH MAIN STREET SUITE 203
    CONCORD,NH03301     		N/A PC SOMOS VOTANTES 100,000
    NORTHWEST ABORTION ACCESS FUND
    4325 COMMERCE STREET SUITE 111-433
    EUGENE,OR97402     		N/A PC GENERAL SUPPORT 50,000
    NUESTRA CASA DE EAST PALO ALTO
    2396 UNIVERSITY AVENUE
    EAST PALO ALTO,CA94303     		N/A PC GENERAL SUPPORT 150,000
    ONE ARIZONA
    345 E PALM LANE
    PHOENIX,AZ85004     		N/A PC GENERAL SUPPORT, ARIZONA FAIR ELECTIONS ACT BALLOT TABLE COORDINATION EFFORTS, INCLUDING COMMUNICATION AND LITIGATION, AZ AANHPI FOR EQUITY COALITION, ARIZONA DEMOCRACY RESOURCE CENTER 340,000
    ONE EAST PALO ALTO
    903 WEEKS STREET
    EAST PALO ALTO,CA94303     		N/A PC GENERAL SUPPORT 75,000
    ONEJUSTICE
    433 CALIFORNIA STREET SUITE 815
    SAN FRANCISCO,CA941042012     		N/A PC GENERAL SUPPORT 100,000
    PANGEA LEGAL SERVICES
    391 SUTTER STREET SUITE 500
    SAN FRANCISCO,CA94104     		N/A PC GENERAL SUPPORT 55,000
    PENINSULA CONFLICT RESOLUTION CENTER
    1670 S AMPHLETT BOULEVARD SUITE 115
    SAN MATEO,CA94402     		N/A PC GENERAL SUPPORT 200,000
    PENINSULA FAMILY SERVICE
    24 SECOND AVENUE
    SAN MATEO,CA944013828     		N/A PC POLICING IN SAN MATEO: DATA, IMPACT, AND DISCUSSION EVENT SERIES 90,000
    PILIPINO BAYANIHAN RESOURCE CENTER
    200 NORTHGATE AVENUE
    DALY CITY,CA94015     		N/A PC GENERAL SUPPORT 10,000
    PLANNED PARENTHOOD MAR MONTE INC
    1691 THE ALAMEDA
    SAN JOSE,CA951262203     		N/A PC GENERAL SUPPORT 200,000
    POWER COALITION FOR EQUITY & JUSTICE
    4930 WASHINGTON AVENUE SUITE E
    NEW ORLEANS,LA70125     		N/A PC GENERAL SUPPORT 13,000
    PRESERVING AFFORDABLE HOUSING LONGTERM
    810 GREEN STREET
    EAST PALO ALTO,CA94303     		N/A PC GENERAL SUPPORT 100,000
    PRO BONO NET INC
    151 W 30TH STREET SIXTH FLOOR
    NEW YORK,NY100014018     		N/A PC IMMIGRATION ADVOCATES NETWORK'S CITIZENSHIP WORKS PROGRAM 100,000
    PROGRESSIVE LEADERSHIP ALLIANCE OF NEVADA
    2330 PASEO DEL PRADO SUITE C109
    LAS VEGAS,NV89102     		N/A PC GENERAL SUPPORT 75,000
    PUBLIC ALLIES INC
    4930 WASHINGTON AVE SUITE E
    NEW ORLEANS,LA70125     		N/A PC POWER COALITION FOR EQUITY AND JUSTICE 160,000
    PUENTE DE LA COSTA SUR
    PO BOX 554
    PESCADERO,CA940600554     		N/A PC GENERAL SUPPORT 110,000
    RAVENSWOOD EDUCATION FOUNDATION
    PO BOX 396
    MENLO PARK,CA940260396     		N/A PC GENERAL SUPPORT 10,000
    RAVENSWOOD FAMILY HEALTH CENTER
    1885 BAY ROAD
    EAST PALO ALTO,CA943031611     		N/A PC GENERAL SUPPORT 120,000
    REBUILDING TOGETHER PENINSULA
    841 KAYNYNE STREET
    REDWOOD CITY,CA940633000     		N/A PC GENERAL SUPPORT AND DEI STAFF TRAINING 100,000
    REDWOOD CITY ELEMENTARY
    750 BRADFORD STREET
    REDWOOD CITY,CA940631727     		N/A GOV REDWOOD CITY COMMUNITY SCHOOLS 150,000
    RURAL ARIZONA ENGAGEMENT
    345 W CENTRAL AVENUE SUITE 4
    COOLIDGE,AZ85128     		N/A PC GENERAL SUPPORT 60,000
    RUTGERS UNIVERSITY FOUNDATION
    335 GEORGE STREET SUITE 4000
    NEW BRUNSWICK,NJ08901     		N/A PC ANSWER'S FOUNDATIONS: CORE SKILLS TRAINING INITIATIVE, ANSWER, RUTGERS UNIVERSITY 150,000
    SAMARITAN HOUSE
    4031 PACIFIC BOULEVARD
    SAN MATEO,CA94403     		N/A PC GENERAL SUPPORT 120,000
    SAN FRANCISCO FOUNDATION
    ONE EMBARCADERO CENTER SUITE 1400
    SAN FRANCISCO,CA94111     		N/A PC STATE HOUSING BOND COALITION 50,000
    SECOND HARVEST OF SILICON VALLEY
    750 CURTNER AVENUE
    SAN JOSE,CA951252113     		N/A PC GENERAL SUPPORT 260,000
    SIECUS
    1012 14TH STREET NW SUITE 1108
    WASHINGTON,DC20005     		N/A PC GENERAL SUPPORT 75,000
    SILICON VALLEY COMMUNITY FOUNDATION
    1001 AVENUE OF THE AMERICAS TWELFTH
    FLOOR
    NEW YORK,NY10018     		N/A PC SAN MATEO COUNTY COVID-19 RECOVERY 50,000
    SOCIAL GOOD FUND
    12651 SAN PABLO AVENUE
    RICHMOND,CA948054099     		N/A PC IMMIGRANT DEFENSE ADVOCATES 55,000
    SOMOS UN PUEBLO UNIDO
    1804 ESPINACITAS STREET
    SANTA FE,NM87505     		N/A PC NEW MEXICO ORGANIZING COLLABORATIVE 200,000
    SOUTHERN POVERTY LAW CENTER INC
    400 WASHINGTON AVENUE
    MONTGOMERY,AL361010548     		N/A PC IMMIGRANT RIGHTS 50,000
    SOUTHWEST ORGANIZING PROJECT
    211 10TH STREET SW
    ALBUQUERQUE,NM87102     		N/A PC FOR THE PUBLIC ACTION ALLIANCE 210,000
    STARVISTA
    610 ELM STREET SUITE 212
    SAN CARLOS,CA940703070     		N/A PC GENERAL SUPPORT 120,000
    STATE VOICES
    1616 P STREET NW SUITE 220
    WASHINGTON,DC20036     		N/A PC GENERAL SUPPORT 40,000
    SUSTAINABLE CONSERVATION
    98 BATTERY STREET SUITE 302
    SAN FRANCISCO,CA94111     		N/A PC GENERAL SUPPORT 150,000
    TAHIRIH JUSTICE CENTER
    6402 ARLINGTON BOULEVARD SUITE 300
    FALLS CHURCH,VA220422333     		N/A PC GENERAL SUPPORT 100,000
    TECHEQUITY COLLABORATIVE
    1120 PINE STREET
    MARTINEZ,CA94553     		N/A PC GENERAL SUPPORT 10,000
    TEEN HEALTH MISSISSIPPI
    125 SOUTH CONGRESS STREET SUITE
    1510
    JACKSON,MS392013301     		N/A PC GENERAL SUPPORT 95,000
    TEWA WOMEN UNITED
    PO BOX 397
    SANTA CRUZ,NM875670397     		N/A PC GENERAL SUPPORT 25,000
    THE FOUNDATION FOR CITY COLLEGE
    160 CONVENT AVENUE SHEPARD 154
    NEW YORK,NY10031     		N/A PC ACRIVOS FELLOWSHIP, A.X. SCHMIDT SCHOLARSHIPS 150,000
    THE NATURE CONSERVANCY
    4245 N FAIRFAX DRIVE
    ARLINGTON,VA222031637     		N/A PC FOR THE CALIFORNIA OPERATIONS 150,000
    THE REGENTS OF THE UNIVERSITY OF CALIFORNIA AT BERKELEY
    101 SPROUL HALL SUITE 4206
    BERKELEY,CA947204206     		N/A PC RICHARD M. SCHEFFLER'S RESEARCH ON HEALTHCARE MARKET 300,000
    THE US CLIMATE ACTION NETWORK
    50 F STREET NW EIGHTH FLOOR
    WASHINGTON,DC20001     		N/A PC ARM IN ARM PROJECT 550,000
    THRIVE ALLIANCE
    330 TWIN DOLPHIN DRIVE SUITE 155
    REDWOOD CITY,CA94065     		N/A PC ELECTION EDUCATION TOOLKIT 40,000
    TIDES CENTER
    PO BOX 889385
    LOS ANGELES,CA900889385     		N/A PC FOR THE HAAS LEADERSHIP INITIATIVES GROVE LEADERPOWER COLLABORATIVE 25,000
    TIDES FOUNDATION
    1012 TORNEY AVENUE
    SAN FRANCISCO,CA941291755     		N/A PC ADVANCE NATIVE POLITICAL LEADERSHIP 70,000
    TO NIZHONI ANI
    PO BOX 657
    KYKOTSMOVI,AZ860390657     		N/A PC GENERAL SUPPORT 270,000
    TRAILHEAD INSTITUTE
    999 BROADWAY SUITE 600
    DENVER,CO80202     		N/A PC GENERAL SUPPORT 165,000
    TRANS QUEER PUEBLO
    1726 E ROOSEVELT STREET
    PHOENIX,AZ85006     		N/A PC GENERAL SUPPORT 75,000
    UNIVERSITY OF CALIFORNIA HASTINGS FOUNDATION
    200 MCALLISTER STREET
    SAN FRANCISCO,CA941024978     		N/A PC THE SOURCE ON HEALTHCARE PRICE AND COMPETITION, A PROJECT OF THE UNIVERSITY OF CALIFORNIA HASTINGS COLLEGE OF LAW 200,000
    UPLIFT FOUNDATION OF NEVADA
    PO BOX 271701
    LAS VEGAS,NV89127     		N/A PC GENERAL SUPPORT 50,000
    VOTE SOLAR
    360 22ND STREET SUITE 730
    OAKLAND,CA946123026     		N/A PC GENERAL SUPPORT 120,000
    WEST FUND
    PO BOX 920088
    EL PASO,TX79902     		N/A PC GENERAL SUPPORT 100,000
    WILD WEST ACCESS FUND OF NEVADA
    561 KEYSTONE AVENUE SUITE 398
    RENO,NV89503     		N/A PC GENERAL SUPPORT 25,000
    WOMEN ENGAGED
    352 UNIVERSITY AVENUE SW SUITE
    N-120
    ATLANTA,GA30310     		N/A PC GENERAL SUPPORT 60,000
    WOMEN'S REFUGEE COMMISSION
    15 W 37TH STREET NINTH FLOOR
    NEW YORK,NY10018     		N/A PC #WELCOMEWITHDIGNITY PROGRAM 50,000
    YES IN MY BACK YARD
    1260 MISSION STREET
    SAN FRANCISCO,CA94103     		N/A PC HOUSING ELEMENT WORK 40,000
    YOUTH LEADERSHIP INSTITUTE
    155 9TH STREET
    SAN FRANCISCO,CA941032620     		N/A PC GENERAL SUPPORT 150,000
    YOUTH UNITED FOR COMMUNITY ACTION
    2135 CLARKE AVENUE
    EAST PALO ALTO,CA94303     		N/A PC GENERAL SUPPORT 75,000
    Total .................................bullet 3a 20,282,000
    bApproved for future payment
    CALIFORNIA IMMIGRANT POLICY CENTER
    634 S SPRING STREET SUITE 600A
    LOS ANGELES,CA900143906     		N/A PC GENERAL SUPPORT 110,000
    CENTRAL CALIFORNIA ENVIRONMENTAL JUSTICE NETWORK
    930 TRUXTUN AVE STE 102
    BAKERSFIELD,CA93301     		N/A GOV GENERAL SUPPORT 225,000
    COASTSIDE HOPE
    PO BOX 1089
    EL GRANADA,CA940181089     		N/A PC GENERAL SUPPORT 100,000
    COMMUNITIES FOR A BETTER ENVIRONMENT
    6325 PACIFIC BOULEVARD SUITE 300
    HUNTINGTON PARK,CA902554100     		N/A PC GENERAL SUPPORT 187,500
    COMMUNITY LEGAL SERVICES IN EAST PALO ALTO INC
    1861 BAY ROAD
    EAST PALO ALTO,CA94303     		N/A PC GENERAL SUPPORT 135,000
    CORA COMMUNITY OVERCOMING RELATIONSHIP ABUSE
    PO BOX 5090
    SAN MATEO,CA94403     		N/A PC GENERAL SUPPORT 60,000
    GEORGIA COALITION FOR THE PEOPLES AGENDA
    501 PULLIAM STREET SUITE 410
    ATLANTA,GA30312     		N/A PC GENERAL SUPPORT 75,000
    INTERNATIONAL REFUGEE ASSISTANCE PROJECT
    ONE BATTERY PARK PLAZA FOURTH FLOOR
    NEW YORK,NY10004     		N/A PC GENERAL SUPPORT 80,000
    INTERNATIONAL RESCUE COMMITTEE INC
    122 EAST 42ND STREET
    NEW YORK,NY101680002     		N/A PC GENERAL SUPPORT, PATHWAYS TO CITIZENSHIP AND STATUS 400,000
    JOBTRAIN INC
    1200 O BRIEN DRIVE
    MENLO PARK,CA940251413     		N/A PC GENERAL SUPPORT 125,000
    LEGAL AID SOCIETY OF SAN MATEO CO
    330 TWIN DOLPHIN DRIVE SUITE 123
    REDWOOD CITY,CA94065     		N/A PC LIBRE PROJECT 157,500
    MARCH ON MARYLAND INC
    215 WATTS BRANCH PARKWAY
    ROCKVILLE,MD20850     		N/A PC THE FUTURE COALITION 200,000
    NEO PHILANTHROPY INC
    1001 AVENUE OF THE AMERICAS TWELFTH
    FLOOR
    NEW YORK,NY10018     		N/A PC FOR THE FOUR FREEDOMS FUND, FOR THE STATE INFRASTRUCTURE FUND 550,000
    ONE EAST PALO ALTO
    903 WEEKS STREET
    EAST PALO ALTO,CA94303     		N/A PC GENERAL SUPPORT 75,000
    ONEJUSTICE
    433 CALIFORNIA STREET SUITE 815
    SAN FRANCISCO,CA941042012     		N/A PC GENERAL SUPPORT 100,000
    PANGEA LEGAL SERVICES
    391 SUTTER STREET SUITE 500
    SAN FRANCISCO,CA94104     		N/A PC GENERAL SUPPORT 55,000
    POWER COALITION FOR EQUITY & JUSTICE
    4930 WASHINGTON AVENUE SUITE E
    NEW ORLEANS,LA70125     		N/A PC POWER COALITION FOR EQUITY AND JUSTICE 100,000
    PUENTE DE LA COSTA SUR
    PO BOX 554
    PESCADERO,CA940600554     		N/A PC GENERAL SUPPORT 100,000
    REDWOOD CITY ELEMENTARY
    750 BRADFORD STREET
    REDWOOD CITY,CA940631727     		N/A GOV REDWOOD CITY COMMUNITY SCHOOLS 150,000
    SOCIAL GOOD FUND
    12651 SAN PABLO AVENUE
    RICHMOND,CA948054099     		N/A PC IMMIGRANT DEFENSE ADVOCATES 50,000
    THE FOUNDATION FOR CITY COLLEGE
    160 CONVENT AVENUE SHEPARD 154
    NEW YORK,NY10031     		N/A PC ACRIVOS FELLOWSHIP, A.X. SCHMIDT SCHOLARSHIPS 150,000
    UPLIFT FOUNDATION OF NEVADA
    PO BOX 271701
    LAS VEGAS,NV89127     		N/A PC GENERAL SUPPORT 50,000
    WOMEN ENGAGED
    352 UNIVERSITY AVENUE SW SUITE
    N-120
    ATLANTA,GA30310     		N/A PC GENERAL SUPPORT 50,000
    YOUTH UNITED FOR COMMUNITY ACTION
    2135 CLARKE AVENUE
    EAST PALO ALTO,CA94303     		N/A PC GENERAL SUPPORT 75,000
    Total .................................bullet 3b 3,360,000
    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 ...........     		    14 3,035,432  
    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 3,552,476  
    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 6,740,613 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,740,613
    (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)
    Yes
     
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
    Yes
     
    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
    1b(6) 1,139,055 GROVE ACTION FUND GROVE ACTION FUND PROVIDES THE FOUNDATION PROFESSIONAL SERVICES, INCLUDING ACCOUNTING, INVESTMENT ADVICE, CONSULTING, INFORMATION TECHNOLOGY, OFFICE MANAGEMENT AND HUMAN RESOURCES, AT NO COST TO THE FOUNDATION.
    1c 288,754 GROVE ACTION FUND GROVE ACTION FUND PROVIDES THE FOUNDATION ACCESS TO THE FUND'S OFFICE SPACE AND OFFICE EQUIPMENT AT NO COST TO THE FOUNDATION.
    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
    GROVE ACTION FUND 501(C)(4) COMMON DIRECTORS
    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 GROVE FOUNDATION
    EIN:
    77-0108124
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 38,600 3,860   34,740

    TY 2021 AllOthProgRltdInvestmentsSch
    Name:
    THE GROVE FOUNDATION
    EIN:
    77-0108124
    Category Amount
    CALIFORNIA REBUILDING FUND: THE CALIFORNIA REBUILDING FUND IS A PUBLIC-PRIVATE PARTNERSHIP THAT ADDRESSES CALIFORNIA'S SMALL BUSINESSES' CAPITAL AND ADVISORY NEEDS AS THEY NAVIGATE POST-COVID RECOVERY. TO SERVE THE SMALLEST OF SMALL BUSINESSES THAT MAKE UP AN ESSENTIAL PART OF CA ECONOMY. 417,560
    GRID ALTERNATIVES: DEVELOP AND IMPLEMENT SOLAR PROJECTS THAT SERVE FRONTLINE COMMUNITIES. UTILIZING A PEOPLE-FIRST MODEL, GRID ALTERNATIVES PARTNERS WITH AFFORDABLE HOUSING ORGANIZATIONS, GOVERNMENT AGENCIES, MUNICIPALITIES, UTILITIES, AND LOCAL COMMUNITIES. 386,890
    PEOPLE'S LAND CAPITAL (DIRT CAPITAL): TO SUPPORT RANCHO CORRALITOS, LLC, WHICH WAS ORGANIZED TO ACQUIRE A 177-ACRE PARCEL OF ORGANIC FARMLAND IN WATSONVILLE, CA, AND TRANSITION OWNERSHIP OF THE PROPERTY OVER TIME TO A GROUP OF FIRST AND SECOND GENERATION IMMIGRANT ORGANIC FARMERS AT A REDUCED COST. 250,000
    INGENUITY POWER: THE WORKING POWER IMPACT FUND IS AN INVESTMENT VEHICLE DEDICATED SOLELY TO FOSTERING SCALED DEPLOYMENT OF COMMUNITY-BASED, CLEAN ECONOMY ASSETS THAT CENTER ECONOMIC EMPOWERMENT, LOCAL OWNERSHIP, & DIRECT COMMUNITY BENEFITS WITHIN ALL ASPECTS OF CONSTRUCTION, OWNERSHIP, & OPERATIONS. 250,000

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    THE GROVE FOUNDATION
    EIN:
    77-0108124
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    ECOTRUST FOREST LLC
          		721 NW NINTH AVENUE SUITE 230
    PORTLAND,OR97209     		2019-10-29 1,500,000 LOAN MADE AT BELOW-MARKET INTEREST RATE TO SUPPORT CONSERVATION-BASED FOREST MANAGEMENT STRATEGIES WITH A KEY AIM BEING TO MITIGATE CLIMATE CHANGE. 1,500,000 NONE 04/30/2020, 05/10/2021, 5/2/2022    
    MISSION DRIVEN FINANCE LLC
          		2245 SAN DIEGO AVENUE 121
    SAN DIEGO,CA92110     		2020-07-31 150,000 LOAN MADE AT BELOW-MARKET INTEREST RATE TO PROVIDE RAPID AND CRITICAL FINANCING TO POST BONDS TO FREE IMMIGRANTS WHO ARE IN IMMIGRATION DETENTION. 150,000 NONE 02/12/2021,3/2/2022,5/31/2022,8/30/2022    
    CALIFORNIA REBUILDING FUND - G-SPV
          		1901 S BASCOM AVE SUITE 105
    CAMPBELL,CA95008     		2020-12-15 500,000 THE CALIFORNIA REBUILDING FUND IS A PUBLIC-PRIVATE PARTNERSHIP THAT ADDRESSES CALIFORNIA'S SMALL BUSINESSES' CAPITAL AND ADVISORY NEEDS AS THEY NAVIGATE POST-COVID RECOVERY. THIS PROGRAM WAS BUILT TO SERVE THE SMALLEST OF SMALL BUSINESSES THAT MAKE UP AN ESSENTIAL PART OF THE CALIFORNIA ECONOMY AND HAS AND WILL CONTINUE TO FOCUS ON HISTORICALLY UNDER-RESOURCED COMMUNITIES AND LEVERAGES THE CAPABILITIES AND EXPERIENCE OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS ACROSS THE STATE. 500,000 NONE 07/16/2021, 9/30/2022    
    CALIFORNIA REBUILDING FUND - B-SPV
          		1901 S BASCOM AVE SUITE 105
    CAMPBELL,CA95008     		2022-09-02 417,560 THE CALIFORNIA REBUILDING FUND IS A PUBLIC-PRIVATE PARTNERSHIP THAT ADDRESSES CALIFORNIA'S SMALL BUSINESSES' CAPITAL AND ADVISORY NEEDS AS THEY NAVIGATE POST-COVID RECOVERY. THIS PROGRAM WAS BUILT TO SERVE THE SMALLEST OF SMALL BUSINESSES THAT MAKE UP AN ESSENTIAL PART OF THE CALIFORNIA ECONOMY AND HAS AND WILL CONTINUE TO FOCUS ON HISTORICALLY UNDER-RESOURCED COMMUNITIES AND LEVERAGES THE CAPABILITIES AND EXPERIENCE OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS ACROSS THE STATE. 417,560 NONE 9/30/2022    
    SOUTHERN OPPORTUNITY AND RESILIENCE (SOAR) FUND CLASS B
          		28 LIBERTY ST
    NEW YORK,NY10005     		2021-05-24 78,462 THE SOUTHERN OPPORTUNITY AND RESILIENCE (SOAR) FUND WAS CREATED BY COMMUNITY LENDERS IN THE SOUTHERN AND SOUTHEASTERN UNITED STATES TO PROVIDE ECONOMIC RECOVERY LOANS AND FREE BUSINESS ASSISTANCE TO SMALL BUSINESSES AND NONPROFITS FACING UNPRECEDENTED HEALTH AND ECONOMIC CHALLENGES. THE LOANS ARE DESIGNED TO REACH BUSINESSES AND NONPROFITS WITH 50 OR FEWER FULL-TIME EQUIVALENT EMPLOYEES AND HISTORICALLY UNDERSERVED BUSINESSES, INCLUDING THOSE IN LOW-INCOME AND RURAL COMMUNITIES AND BUSINESSES OWNED BY WOMEN AND PEOPLE OF COLOR. THROUGH THIS RECOVERY, THESE ORGANIZATIONS ARE CRITICAL TO PROVIDING JOBS AND RESOURCES TO COMMUNITIES ACROSS THE REGION. 78,462 NONE 09/30/2021, 1/11/2022    
    SOUTHERN OPPORTUNITY AND RESILIENCE (SOAR) FUND CLASS B
          		28 LIBERTY ST
    NEW YORK,NY10005     		2021-10-07 421,538 THE SOUTHERN OPPORTUNITY AND RESILIENCE (SOAR) FUND WAS CREATED BY COMMUNITY LENDERS IN THE SOUTHERN AND SOUTHEASTERN UNITED STATES TO PROVIDE ECONOMIC RECOVERY LOANS AND FREE BUSINESS ASSISTANCE TO SMALL BUSINESSES AND NONPROFITS FACING UNPRECEDENTED HEALTH AND ECONOMIC CHALLENGES. THE LOANS ARE DESIGNED TO REACH BUSINESSES AND NONPROFITS WITH 50 OR FEWER FULL-TIME EQUIVALENT EMPLOYEES AND HISTORICALLY UNDERSERVED BUSINESSES, INCLUDING THOSE IN LOW-INCOME AND RURAL COMMUNITIES AND BUSINESSES OWNED BY WOMEN AND PEOPLE OF COLOR. THROUGH THIS RECOVERY, THESE ORGANIZATIONS ARE CRITICAL TO PROVIDING JOBS AND RESOURCES TO COMMUNITIES ACROSS THE REGION. 421,538 NONE 1/11/2022    
    NAVAJO POWER
          		2700 WOODLANDS VILLAGE BLVD SUITE
    300-380
    FLAGSTAFF,AZ86001     		2021-09-30 750,000 FOUNDED IN 2018 AS A MAJORITY NATIVE-OWNED PUBLIC BENEFIT CORPORATION, NAVAJO POWER DEVELOPS UTILITY-SCALE CLEAN ENERGY PROJECTS. ITS PRIMARY FOCUS IN PROJECT DEVELOPMENT IS PRIORITIZING THE NEEDS OF THE TRIBAL COMMUNITIES WHERE IT WORKS, INCLUDING TAKING INTO ACCOUNT TRADITIONAL PRACTICES AND USES OF THE LAND WHEN SITING AND DESIGNING PROJECTS. NAVAJO POWER WORKS PROACTIVELY TO CREATE OPPORTUNITIES FOR TRIBAL MEMBERS TO PARTICIPATE IN THE PROJECT'S FINANCING, DEVELOPMENT, AND OPERATION, BENEFITING DIRECTLY FROM THE JOBS, REVENUE, AND ELECTRICITY THE PROJECTS CREATE. 750,000 NONE 08/13/2021, 11/21/2021, 3/8/2022, 4/11/2022, 5/20/2022    
    RURAL COMMUNITY ASSISTANCE CORP
          		3120 FREEBOARD DR
    WEST SACRAMENTO,CA95691     		2018-09-06 500,000 TO SUPPORT THE RAINMAKERS INVESTMENT COLLABORATIVE, A COORDINATED GROUP OF IMPACT INVESTORS COMMITTED TO INCREASING INVESTMENT IN NATIVE COMMUNITIES IN THE AMERICAN SOUTHWEST. BY SUPPORTING NATIVE ENTREPRENEURS AND INVESTING IN VITAL COMMUNITY DEVELOPMENT PROJECTS, IT AIMS TO STIMULATE ECONOMIC GROWTH, PROMOTE SUSTAINABILITY, AND ADDRESS THE BASIC NEEDS OF TRIBAL COMMUNITIES. 500,000 NONE 9/30/2022, 4/11/2022, 5/9/2022, 5/12/2022, 8/24/2022    
    GRID ALTERNATIVES
          		1171 OCEAN AVE UNIT 200
    OAKLAND,CA94608     		2021-08-20 386,890 DEVELOP AND IMPLEMENT SOLAR PROJECTS THAT SERVE FRONTLINE COMMUNITIES. UTILIZING A PEOPLE-FIRST MODEL, GRID ALTERNATIVES PARTNERS WITH AFFORDABLE HOUSING ORGANIZATIONS, GOVERNMENT AGENCIES, MUNICIPALITIES, UTILITIES, AND LOCAL COMMUNITIES TO BUILD COMMUNITY-POWERED SOLUTIONS TO ADVANCE ECONOMIC AND ENVIRONMENTAL JUSTICE THROUGH RENEWABLE ENERGY. 386,890 NONE 12/3/2021, 5/9/2022, 9/6/2022    
    IRC'S CENTER FOR ECONOMIC OPPORTUNITY
          		PO BOX 152188
    SAN DIEGO,CA92195     		2021-11-15 500,000 FORMED BY A PARTNERSHIP BETWEEN THE INTERNATIONAL RESCUE COMMITTEES CENTER FOR ECONOMIC OPPORTUNITY (IRC-CEO) AND THE REFUGEE INVESTMENT NETWORK (RIN), THE SOCIAL IMPACT FUND PROVIDES FINANCIAL ACCESS AND INCLUSION TO HUNDREDS OF IMMIGRANTS AND REFUGEES ACROSS THE UNITED STATES TO HELP NEW AMERICANS ESTABLISH A FINANCIAL FOOTHOLD. FUNDS WILL HELP BORROWERS SOURCE CREDIT-BUILDING, AUTO, EDUCATION, AND ACCESS ENTREPRENEURIAL CAPITAL TO START SMALL BUSINESSES 500,000 NONE 2/16/2022, 3/23/2022, 5/17/2022    
    PEOPLE'S LAND CAPITAL (DIRT CAPITAL)
          		1428 FRANKLIN STREET
    OAKLAND,CA94612     		2021-12-06 250,000 TO SUPPORT RANCHO CORRALITOS, LLC, WHICH WAS ORGANIZED TO ACQUIRE A 177-ACRE PARCEL OF ORGANIC FARMLAND IN WATSONVILLE, CALIFORNIA, AND TRANSITION OWNERSHIP OF THE PROPERTY OVER TIME TO A GROUP OF FIRST- AND SECOND-GENERATION IMMIGRANT LATINO IMMIGRANT ORGANIC FARMERS AT A REDUCED COST. THIS PROJECT REPRESENTS A UNIQUE OPPORTUNITY TO INCREASE EQUITABLE LAND ACCESS FOR LATINO FARMERS TO HIGH-QUALITY FARMLAND AND PROMOTE LONG-TERM LAND STABILITY IN THE CENTRAL COAST REGION OF CALIFORNIA. 250,000 NONE      
    INGENUITY POWER
          		213 S 24TH STREET
    PHILADELPHIA,PA19103     		2022-07-14 250,000 THE WORKING POWER IMPACT FUND IS AN INVESTMENT VEHICLE DEDICATED SOLELY TO FOSTERING SCALED DEPLOYMENT OF COMMUNITY-BASED, CLEAN ECONOMY ASSETS THAT CENTER ECONOMIC EMPOWERMENT, LOCAL OWNERSHIP, AND DIRECT COMMUNITY BENEFITS WITHIN ALL ASPECTS OF CONSTRUCTION, OWNERSHIP, AND OPERATIONS. 250,000 NONE      
    CATCHAFIRE INC
          		31 EAST 32ND STREET 1001
    NEW YORK,NY10016     		2022-04-05 94,500 FOR THE CATCHAFIRE PLATFORM, AN ONLINE CAPACITY-BUILDING TOOL, THAT CONNECTS NONPROFIT ORGANIZATIONS WITH A NETWORK OF PROFESSIONAL VOLUNTEERS LOOKING TO DONATE THEIR SKILLS. 94,500 NONE 2/9/2022   THE ORGANIZATION USED FUNDS GRANTED FOR THE STATED PURPOSES.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE GROVE FOUNDATION
    EIN:
    77-0108124
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS CO 146,417 146,417
    PUBLIC SERVICE ENTERPRISE GROUP INC 150,579 150,579
    ABBVIE INC 133,209 133,209
    AFRICAN DEVELOPMENT BANK 83,911 83,911
    SALESFORCE.COM INC 134,636 134,636
    SEMPRA ENERGY 136,893 136,893
    WALT DISNEY CO 197,265 197,265
    SIMON PROPERTY GROUP LP 148,115 148,115
    APPLE INC 474,502 474,502
    AON CORP 130,470 130,470
    STARBUCKS CORP 55,971 55,971
    STATE STREET CORP 148,202 148,202
    ALEXANDRIA REAL ESTATE EQUITIES INC 62,596 62,596
    TRUIST FINANCIAL CORP 304,768 304,768
    ANHEUSER-BUSCH INBEV WORLDWIDE INC 132,679 132,679
    AMGEN INC 138,658 138,658
    ALPHABET INC 449,731 449,731
    PROLOGIS LP 120,569 120,569
    AMERICAN TOWER CORP 69,579 69,579
    AMERICAN HONDA FINANCE CORP 140,934 140,934
    TORONTO-DOMINION BANK 152,201 152,201
    VERIZON COMMUNICATIONS INC 128,258 128,258
    AIR PRODUCTS AND CHEMICALS 217,570 217,570
    EUROPEAN INVESTMENT BANK 1,150,918 1,150,918
    PNC FINANCIAL SERVICES GROUP 628,537 628,537
    LOWE'S COS INC 27,955 27,955
    AT&T INC 142,570 142,570
    LOCAL INITIATIVES SUPPORT CORP 397,209 397,209
    LINCOLN NATIONAL CORP 62,595 62,595
    XCEL ENERGY INC 62,034 62,034
    JPMORGAN CHASE & CO FXD 199,803 199,803
    CVS HEALTH CORP 133,027 133,027
    HOME DEPOT INC 330,018 330,018
    ELEVANCE HEALTH INC 99,060 99,060
    EQUINIX INC 62,651 62,651
    COMCAST CORP 208,318 208,318
    MARSH & MCLENNAN COS INC 148,282 148,282
    CARRIER GLOBAL CORP 75,025 75,025
    EVERSOURCE ENERGY 136,482 136,482
    BANK OF AMERICA CORP 191,751 191,751
    BANK OF MONTREAL 226,192 226,192
    BANK OF NEW YORK MELLON CORP FXD 202,363 202,363
    BANK OF NOVA SCOTIA 223,997 223,997
    NORTHROP GRUMMAN CORP 128,738 128,738
    NEXTERA ENERGY CAPITAL HOLDINGS INC 109,039 109,039
    CITIGROUP INC 621,301 621,301
    MORGAN STANLEY 121,198 121,198
    BOSTON PROPERTIES LP 49,472 49,472
    MERCK & CO INC 202,706 202,706
    CALVERT IMPACT CAPITAL INC 1,009,730 1,009,730

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE GROVE FOUNDATION
    EIN:
    77-0108124
    Name of Stock End of Year Book Value End of Year Fair Market Value
    LHC GROUP INC 78,720 78,720
    ORMAT TECHNOLOGIES INC 59,306 59,306
    OMNICELL INC 60,573 60,573
    NXP SEMICONDUCTORS NV 94,259 94,259
    NOVO-NORDISK A S ADR 67,948 67,948
    NIKE INC. CLASS B 51,784 51,784
    NEW YORK TIMES CO-A 63,423 63,423
    MICROSOFT CORP 309,757 309,757
    MERCK & CO INC 86,034 86,034
    MEDTRONIC PLC 57,656 57,656
    MCCORMICK & CO-NON VTG SHRS 65,070 65,070
    MASTERCARD INC-CLASS A 137,621 137,621
    LULULEMON ATHLETICA INC 65,976 65,976
    LPL FINANCIAL HOLDINGS INC 109,022 109,022
    LAMB WESTON HOLDING INC 110,499 110,499
    JONES LANG LASALLE INC 47,285 47,285
    J B HUNT TRANSPORT SERVICES INC 79,774 79,774
    IQVIA HOLDINGS INC 74,086 74,086
    IPG PHOTONICS CORP 44,790 44,790
    INTL FLAVORS & FRAGRANCES 44,416 44,416
    HOME DEPOT INC 112,584 112,584
    HEXCEL CORP 49,341 49,341
    PALO ALTO NETWORKS INC 119,403 119,403
    PAYCOM SOFTWARE INC 47,849 47,849
    PNC FINANCIAL SERVICES GROUP 83,974 83,974
    FIRST SOLAR INC 146,952 146,952
    WOLFSPEED INC COM 70,905 70,905
    WEST PHARMACEUTICAL SVCS INC 35,189 35,189
    WALT DISNEY CO 41,034 41,034
    WABTEC CORP 79,316 79,316
    V.F. CORPORATION 19,651 19,651
    UNITED PARCEL SERVICE-CL B 59,770 59,770
    UNILEVER N V ADR 91,187 91,187
    TRAVELERS COMPANIES INC. 138,646 138,646
    TRANE TECHNOLOGIES PLC 75,591 75,591
    TRACTOR SUPPLY CO 77,326 77,326
    TJX COMPANIES INC 109,455 109,455
    THERMO FISHER SCIENTIFIC INC 72,021 72,021
    TETRA TECH INC 80,845 80,845
    TARGET CORPORATION 75,234 75,234
    TAIWAN SEMICONDUCTOR MFG CO LTD ADR 46,689 46,689
    SVB FINANCIAL GROUP 90,996 90,996
    STRYKER CORPORATION 45,166 45,166
    STARBUCKS CORP 75,665 75,665
    SOLAREDGE TECHNOLOGIES 42,357 42,357
    SBA COMMUNICATIONS CORP 93,935 93,935
    QUEST DIAGNOSTICS INC 61,590 61,590
    PROCTER & GAMBLE CO 105,798 105,798
    PAYPAL HOLDINGS INC 81,680 81,680
    FIRST REPUBLIC BANK 95,954 95,954
    XYLEM INC 69,014 69,014
    AVALONBAY COMMUNITIES INC 64,098 64,098
    ASML HOLDING NV F 66,456 66,456
    BALL CORPORATION 38,124 38,124
    BANK OF AMERICA CORP 123,518 123,518
    APPLE INC 275,709 275,709
    BRIGHT HORIZONS FAMILY SOLUTIONS INC 32,918 32,918
    ANSYS INC 55,647 55,647
    AMERICAN WATER WORKS CO INC 97,880 97,880
    ALPHABET INC CLASS A 327,123 327,123
    COSTCO WHOLESALE CORP 117,595 117,595
    ECOLAB INC 71,343 71,343
    ETSY INC 31,541 31,541
    ACCENTURE PLC CLASS A 100,862 100,862
    ADOBE INC 48,986 48,986
    ELEVANCE HEALTH INC 104,475 104,475
    EATON CORP PLC 109,622 109,622
    AFLAC INCORPORATED 98,125 98,125
    ASTRAZENECA PLC SPONS ADR 106,225 106,225

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE GROVE FOUNDATION
    EIN:
    77-0108124
    US Government Securities - End of Year Book Value:

    25,771,586
    US Government Securities - End of Year Fair Market Value:

    25,771,586
    State & Local Government Securities - End of Year Book Value:


    9,626,371
    State & Local Government Securities - End of Year Fair Market Value:


    9,626,371


    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE GROVE FOUNDATION
    EIN:
    77-0108124
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LBA REALTY FUND IV, LP FMV 114,299 114,299
    LEGACY VENTURE V (QP), LLC AT COST 785,193 1,279,863
    LEGACY VENTURE VI (QP), LLC AT COST 1,034,213 4,728,939
    VENTURE LENDING AND LEASING VII, LLC AT COST 43,693 233,100
    MONTAGE CAPITAL II, L.P. AT COST 473,274 661,635
    MICROVEST FMV 2,149,090 2,149,090
    LBA REALTY FUND II, INC. FMV 542,928 542,928
    BOSTON COMMON INTERNATIONAL SUSTAINABLE CLIMATE FUND LLC FMV 3,521,077 3,521,077
    LBA REALTY FUND III, INC. FMV 529,623 529,623
    LBA REALTY FUND I, INC. FMV 153,348 153,348

    TY 2021 LegalFeesSchedule
    Name:
    THE GROVE FOUNDATION
    EIN:
    77-0108124
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 45,969 36,131   9,838


    TY 2021 OtherAssetsSchedule
    Name:
    THE GROVE FOUNDATION
    EIN:
    77-0108124
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    BLOOMLIFE INC NOTE 150,000 150,000 150,000
    ECOTRUST FOREST, LLC 1,200,000 1,200,000 1,200,000
    GRAY PINE LOAN 2,850,000 0 0
    HOUSING TRUST OF SILICON VALLEY NOTE 2,000,000 2,000,000 2,000,000
    MISSION DRIVEN FINANCE, LLC 109,441 108,426 108,426
    NAVAJO POWER LOAN 562,500 562,500 562,500
    RECOVERABLE GRANT 150,000 233,065 233,065
    RURAL COMMUNITY ASSISTANCE CORPORATION NOTE 450,000 450,000 450,000
    POSIGEN 637,500 675,000 675,000
    SOLAR HOLLER 93,750 93,750 93,750
    CA REBUILDING FUND 250,000 642,292 642,292
    SOAR CLASS A 40,029 306,727 306,727
    SOAR CLASS B 39,231 250,000 250,000
    ADASINA 800,000 800,000 800,000
    COOPERATIVE ENERGY FUTURES CEF 337,500 337,500 337,500
    GRID ALTERNATIVES 0 309,512 309,512
    IRC'S CENTER FOR ECONOMIC OPPORTUNITY 0 400,000 400,000
    DIRT CAPITAL 0 200,000 200,000
    PIGEONLY 0 200,000 200,000
    INGENUITY POWER LLC 0 125,000 125,000


    TY 2021 OtherDecreasesSchedule
    Name:
    THE GROVE FOUNDATION
    EIN:
    77-0108124
    Description Amount
    UNREALIZED GAINS (LOSSES) ON INVESTMENTS 6,560,491


    TY 2021 OtherExpensesSchedule
    Name:
    THE GROVE FOUNDATION
    EIN:
    77-0108124
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MEMBERSHIP DUES 63,920 0   63,920
    POSTAGE & SHIPPING 686 0   686
    SUBSCRIPTIONS 4,683 0   4,683
    WEB HOSTING 343 0   343
    OTHER MISCELLANEOUS 2,326 0   2,326
    TRAINING 10,599 0   10,599


    TY 2021 OtherIncomeSchedule2
    Name:
    THE GROVE FOUNDATION
    EIN:
    77-0108124
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER PARTNERSHIP INCOME 5,288 36,074 5,288


    TY 2021 OtherIncreasesSchedule
    Name:
    THE GROVE FOUNDATION
    EIN:
    77-0108124
    Description Amount
    RETURNED GRANTS 30,000


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE GROVE FOUNDATION
    EIN:
    77-0108124
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 455,791 398,828   56,963


    TY 2021 TaxesSchedule
    Name:
    THE GROVE FOUNDATION
    EIN:
    77-0108124
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 101,052 0   0