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 11-01-2021 , and ending 10-31-2022
Name of foundation
CRAIN-MALING FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)951 MT VERNON AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAKE FOREST, IL60045
A Employer identification number

20-4310219
B Telephone number (see instructions)

(847) 917-0855
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$34,154,051J 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 92 92  
4 Dividends and interest from securities... 1,898,468 1,898,468  
5a Gross rents............ 40,813    
b Net rental income or (loss) 40,813
6a Net gain or (loss) from sale of assets not on line 10 -517,897
b Gross sales price for all assets on line 6a 9,806,426
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,421,476 1,898,560  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 792,180 79,218   679,832
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 23,525 11,763   11,762
c Other professional fees (attach schedule).... Click to see attachment 314,936 314,936   0
17 Interest............... 3 3   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 35,000 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 250 0  
20 Occupancy.............. 38,682 7,736   30,946
21 Travel, conferences, and meetings....... 1,866 373   1,493
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 30,658 8,501   22,157
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,237,100 422,530   746,190
25 Contributions, gifts, grants paid....... 1,456,500 1,456,500
26 Total expenses and disbursements. Add lines 24 and 25 2,693,600 422,530   2,202,690
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,272,124
b Net investment income (if negative, enter -0-) 1,476,030
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............. 759,241 673,129 673,129
2 Savings and temporary cash investments.........      
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) 5,000 Click to see attachment293,215 293,195
b Investments—corporate stock (attach schedule)....... 26,990,768 Click to see attachment28,715,061 24,154,815
c Investments—corporate bonds (attach schedule)....... 12,721,452 Click to see attachment9,778,203 8,948,262
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 127,183 Click to see attachment130,092 84,650
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet   65,094 0 0
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 40,668,738 39,589,700 34,154,051
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment530,113 Click to see attachment520,052
23 Total liabilities (add lines 17 through 22)......... 530,113 520,052
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...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 40,138,625 39,069,648
29 Total net assets or fund balances (see instructions)..... 40,138,625 39,069,648
30 Total liabilities and net assets/fund balances (see instructions). 40,668,738 39,589,700
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
40,138,625
2
Enter amount from Part I, line 27a .....................
2
-1,272,124
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
203,147
4
Add lines 1, 2, and 3 ..........................
4
39,069,648
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
39,069,648
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 CHICAGO OFFICE SALE P    
b FURNITURE/EQUIPMENT DISPOSITION P    
c PUBLICLY TRADED SECURITIES P    
d GLOBAL PRIVATE LP P    
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 310,000 134,088 222,471 221,617
b   50,530 50,530 0
c 9,496,426   10,233,281 -736,855
d     2,659 -2,659
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       221,617
b       0
c       -736,855
d       -2,659
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 -517,897
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 20,517
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 20,517
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 33,094
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 33,094
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 12,577
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet12,577 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • 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)
    bulletIL, WI
    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 ofbulletMICHAEL MALING Telephone no.bullet (847) 917-0855

    Located atbullet951 MT VERNON AVENUELAKE FORESTIL ZIP+4bullet60045
    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)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    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
     
    No
    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
    MICHAEL S MALING CHAIRPERSON, CEO & DIRECTOR
    40.00     		331,303 98,533 0
    951 MT VERNON AVENUE
    LAKE FOREST,IL60045
    ELISE WILLIAMS CO-PRESIDENT, TREASURER & DIRECTOR
    40.00     		107,287 34,324 0
    1760 GEORGE COURT
    GLENVIEW,IL60025
    MARISSA IANCU CO-PRESIDENT, SECRETARY & DIRECTOR
    40.00     		108,644 81,427 0
    8500 KEELER AVE
    SKOKIE,IL60076
    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
    MID-CONTINENT CAPITAL INVESTMENT MANAGEMENT 314,936
    123 N WACKER DR SUITE 1100
    CHICAGO,IL60606
    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
    39,203,930
    b
    Average of monthly cash balances.......................
    1b
    620,071
    c
    Fair market value of all other assets (see instructions)................
    1c
    5,190,223
    d
    Total (add lines 1a, b, and c).........................
    1d
    45,014,224
    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
    45,014,224
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    675,213
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    44,339,011
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,216,951
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    2,216,951
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    20,517
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    101
    c
    Add lines 2a and 2b............................
    2c
    20,618
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,196,333
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,196,333
    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
    2,196,333
    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 2,196,333
    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...... 139,593
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 139,593
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,202,690
    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..... 2,196,333
    e Remaining amount distributed out of corpus 6,357
    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 5 145,950
    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 ......     		145,950
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 139,593
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021.... 6,357
    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
    ARF - ANIMAL RESCUE FOUNDATION
    531 W ROOSEVELT RD
    WHEATON,IL60189     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    ART INSTITUTE OF CHICAGO
    111 SOUTH MICHIGAN AVENUE
    CHICAGO,IL60603     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 2,500
    ASPCA
    520 EIGHTH AVENUE 7TH FLOOR
    NEW YORK,NY10018     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    ASSOCIATED TALMUD TORAHS
    3531 MADISON ST
    SKOKIE,IL60076     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    AVNER INSTITUTE
    122 VANDERBILT AVE APT 5A
    BROOKLYN,NY11205     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 22,000
    BADER HILLEL ACADEMY
    6401 N SANTA MONICA BLVD
    MILWAUKEE,WI53217     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 15,000
    BAIS AHARON
    905 PARK AVENUE
    LAKEWOOD,NJ08701     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    BAIS CHANA WOMEN INTERNATIONAL
    383 KINGSTON AVENUE SUITE 248
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 120,000
    BAIS SHMUEL CHABAD
    729 EASTERN PKWY
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    BEIS MIDRASH OF QUEENS
    17 FORT GEORGE HL APT 7J
    NEW YORK,NY10040     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    CHABAD JEWISH CENTER OF ARLINGTON HEIGHTS
    1616 PLYMOUTH DR
    ARLINGTON HEIGHTS,IL60004     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    CHABAD LUBAVITCH OF WAUKESHA
    1275 N BARKER RD
    BROOKFIELD,WI53045     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    CHABAD OF CHAMPAIGN URBANA
    509 S 4TH ST
    CHAMPAIGN,IL61820     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    CHABAD OF CLUJ-NAPOCA ROMANIA
    510 CROWN ST APT 2C
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    CHABAD OF ILLINOIS
    2833 HOWARD ST
    CHICAGO,IL60645     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    CHABAD TERROR VICTIMS PROJECT
    885 3RD AVE SUITE BE290
    NEW YORK,NY10022     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    CHAMAH
    420 LEXINGTON AVE 300
    NEW YORK,NY10170     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 18,000
    CHEDER LUBAVITCH HEBREW DAY SCHOOL
    5201 HOWARD ST
    SKOKIE,IL60077     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    CHICAGO JEWISH DAY SCHOOL
    3730 N CALIFORNIA
    CHICAGO,IL60618     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    CHICAGO MEZUZAH AND MITZVAH CAMPAIGN
    2939 W TOUHY AVE
    CHICAGO,IL60645     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 36,000
    CHICAGO SYMPHONY ORCHESTRA
    220 S MICHIGAN AVE
    CHICAGO,IL60604     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 29,500
    CLARION PROJECT INC
    3401 ENTERPRISE PKWY STE 3340
    BEACHWOOD,OH44122     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    COLEL CHABAD
    806 EASTERN PARKWAY
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 2,500
    CONGREGATION HAMERKAZ INC
    211-10 18TH AVE
    BAYSIDE,NY11360     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 27,500
    CONGREGATION YESHIVA YAD MOISHE
    1520 39TH ST
    BROOKLYN,NY11218     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    EDUCATIONAL INST OHOLEI TORAH
    667 EASTERN PARKWAY
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    EZRAT ISRAEL INC
    806 EASTERN PARKWAY
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    FAITH & LEARNING INTERNATIONAL
    209 E LIBERTY DR
    WHEATON,IL60187     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    FEDERATION OF JEWISH COMMUNITY
    1360 N PROSPECT AVE
    MILWAUKEE,WI53202     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    FIDF
    60 EAST 42ND STREET
    NEW YORK,NY10165     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    FREE OF CHICAGO
    191 BETHPAGE-SWEET HOLLOW ROAD
    OLD BETHPAGE,NY11804     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    FRIENDSHIP CIRCLE OF WI
    500 W SILVER SPRING DR
    GLENDALE,WI53217     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    GASTROINTESTINAL RESEARCH FOUNDATION
    70 E LAKE ST
    CHICAGO,IL60601     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 50,000
    HADASSAH
    50 W 58TH ST
    NEW YORK,NY10019     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 18,000
    HEBREW THEOLOGICAL COLLEGE
    7135 CARPENTER RD
    SKOKIE,IL60077     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    HINDA INSTITUTE
    9401 MARGAIL AVE
    DES PLAINES,IL60016     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 20,000
    HYDE PARK DAY SCHOOL
    6254 S ELLIS AVE
    CHICAGO,IL60637     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    IDA CROWN JEWISH ACADEMY
    8233 CENTRAL PARK AVE
    SKOKIE,IL60076     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 18,000
    ILLINOIS STATE UNIVERSITY FOUNDATION
    101 ALUMNI CENTER CAMPUS BOX 8000
    NORMAL,IL61790     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    INSIGHT PROJECT FOR KIDS
    1111 N DEARBORN ST SUITE 519
    CHICAGO,IL60610     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 12,000
    ISRAEL EMERGENCY ALLIANCE DBA STANDWITHUS
    PO BOX 341069
    LOS ANGELES,CA900341069     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    JEWISH BEGINNINGS LUBAVITCH PRESCHOOL INC
    6401 N SANTA MONICA BLVD
    MILWAUKEE,WI53217     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 7,500
    JEWISH EDUCATIONAL MEDIA
    784 EASTERN PARKWAY SUITE 403
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 100,000
    JEWISH ENRICHMENT PROGRAM
    5200 S HYDE PARK BLVD
    CHICAGO,IL60615     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    JEWISH NATIONAL FUND
    42 E 69TH ST
    NEW YORK,NY10021     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 51,000
    JEWISH YOUTH FOUNDATION
    614 E BROWN DEER RD
    MILWAUKEE,WI53217     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    JOAN DACHS BAIS YAAKOV ELEMENTARY HEBREW DAY SCHOOL
    3200 W PETERSON
    CHICAGO,IL60659     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    LEV CHABAD INC
    525 BROOKLYN AVE APT 2
    BROOKLYN,NY11225     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    LUBAVITCH GIRLS HIGH SCHOOL INC
    6350 N WHIPPLE ST
    CHICAGO,IL60659     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    LUBAVITCH MESIVTA OF CHICAGO
    2756 W MORSE AVE
    CHICAGO,IL60645     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    M Y KEREN HASHLUCHIM INC
    398 CROWN ST
    BROOKLYN,NY112253006     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 30,000
    MACHNE ISRAEL
    788 EASTERN PKWY
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 110,000
    MARKLUND CHILDRENS HOME
    1S450 WYATT DRIVE
    GENEVA,IL60134     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    MENACHEM EDUCATION FOUNDATION INC
    411 KINGSTON AVENUE SUITE 300
    BROOKLYN,NY11225     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    MERKOS L INYONEI CHINUCH LUBAVITCH OF INDIANA INC
    1037 GOLF LANE
    INDIANAPOLIS,IN46260     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 100,000
    NCSY
    3200 W TOUHY AVE
    SKOKIE,IL60076     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 50,000
    NEIMUS MOSHE
    54 LARRISON LOOP
    STATEN ISLAND,NY10314     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    NORTH SHORE TORAH CENTER-KOMIMIYUS
    6247 N SACRAMENTO AVE
    CHICAGO,IL60659     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 15,000
    OPENDOR MEDIA
    11110 WEST OAKLAND PARK BLVD SUITE
    288
    SUNRISE,FL33351     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    ORPHANS OF THE STORM
    2200 RIVERWOODS RD
    RIVERWOODS,IL60015     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    PAWS CHICAGO
    1933 N MARCEY
    CHICAGO,IL60614     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    ROFEH CHOLIM CANCER SOCIETY
    762 BEDFORD AVE
    BROOKLYN,NY11205     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    TEN YAD KALLAH GEMACH
    559 EMPIRE BLVD
    BROOKLYN,NY11225     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    THE BINYAMIN FUND INC
    11 BAKER LANE
    SUFFERN,NY10901     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 30,000
    THE CHICAGO CENTER
    6557 LINCOLN AVE
    LINCOLNWOOD,IL60712     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    THE HUMANE SOCIETY OF THE US
    1255 23RD ST NW SUITE 450
    WASHINGTON DC,DC20037     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    THE JEWISH POCET
    8939 KARLOV AVE
    SKOKIE,IL60076     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 35,000
    THE SHUCHIM OFFICE
    816 EASTERN PARKWAY
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 12,000
    THE SHUL AT BAYSIDE
    8825 N LAKE DR
    BAYSIDE,WI53217     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 15,000
    THE WASHINGTON INSTITUTE FOR NEAR EAST POLICY
    1111 19TH STREET NW - SUITE 500
    WASHINGTON,DC20036     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    UNIVERSITY OF CHICAGO
    5801 S ELLIS AVE
    CHICAGO,IL60637     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 50,000
    WTTW
    5400 N ST LOUIS AVE
    CHICAGO,IL60625     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 25,000
    YACHAD BEAHSIYA INC CHICAGO
    1000 W NORTH AVE
    CHICAGO,IL60642     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 3,000
    YALDEI SHLUCHEI HA REBBE
    353 KINGSTON AVE SUITE 302
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    YTTL LUBAVITCHER YESHIVA
    570 CROWN ST
    BROOKLYN,NY11213     		  PC EXEMPT PURPOSE OF THE ORGANIZATION 10,000
    Total .................................bullet 3a 1,456,500
    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 ...........     		    14 92  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 531190 40,813      
    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 -517,897  
    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) .. 40,813 1,380,663 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,421,476
    (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:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 23,525 11,763   11,762

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

    TY 2021 DepreciationSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING 2005-07-01 85,595 85,595 SL 31.000000000000 0 0    
    BUILDING IMPROVEMENTS 2005-07-01 21,840 20,192 SL 31.000000000000 59 0    
    OFFICE REMODELING 2005-07-01 91,497 28,051 SL 40.000000000000 191 0    
    OFFICE FURNITURE 2009-07-01 16,461 16,461 SL 5.000000000000 0 0    
    OFFICE FURNITURE 2018-08-30 11,975   200DB 7.000000000000 0 0    
    OFFICE EQUIPMENT 2018-10-19 9,738   200DB 5.000000000000 0 0    
    OFFICE FURNITURE 2018-11-30 12,356   200DB 7.000000000000 0 0    

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BANK OF AMERICA CALL 03/17/2025 257,570 241,250
    BANK OF AMERICA CALL 09/05/2024 748,168 730,080
    BANK OF AMERICA CALL 7/27/22 500,005 472,500
    CHARLES SCHWAB CORP CALL 06/01/2025 250,000 244,062
    CITIGROUP INC CALL 8/15/2026 849,826 772,080
    CITIGROUP INC CALL 9/12/24 566,873 489,335
    ENBRIDGE ENERGY PARTNERS CALL 03/01/2028 758,575 662,925
    ENBRIDGE INC CALL 01/15/2027 776,054 674,888
    ENTERPRISE PRODUCTS OPER 590,625 486,256
    GOLDMAN SACHS GROUP INC CALL 11/10/26 522,188 469,845
    JP MORGAN CHASE L+3.80% QTRLY RESET 841,662 783,256
    M&T BANK CORPORATION 976,500 871,680
    M&T BANK CORPORATION CALL 02/15/2024 371,537 337,852
    METLIFE INC 445,412 387,603
    ZIONS BANCORPORATION CALL 06/15/2023 795,154 822,150
    ZIONS BANCORPORATION CALL 09/15/2023 528,054 502,500

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AEGON PFD SER X 5.10% 500,901 390,000
    AFFILIATED MANAGERS PFD SER B 4.75% 624,827 427,250
    AGNC INVESTMENT CORP PFD 6.125% 600,189 520,800
    AGNC INVESTMENT CORP PFD 6.875% 1,277,403 1,103,400
    AGNC INVESTMENT CORP PFD 7.75% 236,705 207,800
    ALLSTATE CORP PFD SER H 5.1% 167,134 131,105
    AT&T PFD SER C 4.75% 1,705,938 1,195,080
    B RILEY FINL INC PFD 5.25% 250,152 169,700
    BAC PFD SER K 5.875% 105,603 92,760
    BAC PFD SER L 440,649 348,138
    BAC PFD SER M 5.375% 528,840 428,000
    BAC PFD SER O 4.375% 174,901 121,870
    COMMUNITY HEALTHCARE TRUST INC 427,984 797,530
    DIGITAL REALTY TRUST SER J 5.25% 372,943 298,350
    DIGITAL REALTY TRUST SER L 5.2% 808,435 622,104
    FIFTH THIRD BANCORP 6% 204,803 174,720
    FIRST REPUBLIC BANK PFD SER I 5.50% 54,499 44,230
    HUNTINGTON BANCSHARES 5.7% 250,925 223,700
    ISHARES TR CORE MSCI 145,385 136,479
    JP MORGAN CHASE PFD SER GG 4.75% 603,744 474,240
    KEY PFD SER J 5.65% 200,585 169,120
    KEY PFD SER K 5.625% 1,155,462 951,750
    KKR GROUP FIN CO PFD 4.625% 125,201 87,150
    M&T BK CORP 529,320 500,280
    METLIFE PFD SER F 4.75% 874,650 688,100
    MORGAN STANLEY PFD SER K 5.85% 506,000 458,200
    MORGAN STANLEY PFD SER P 6.5% 599,282 593,340
    SCHWAB CHARLES CORP 473,406 464,630
    SOUTHERN CO PFD SER D 4.95% 1,473,689 1,180,660
    STIFEL FINANCIAL CORP PFD SER B 6.25% 313,111 283,500
    SVB FINL GROUP PFD SER A 5.25% 1,857,651 1,356,000
    TRUIST FINACIAL PFD SER O 5.25% 382,290 316,050
    TRUIST FINANCIAL PFD SER R 4.75% 375,000 284,250
    WELLS FARGO CVT PFD 7.5% 1,971,317 1,748,295
    WELLS FARGO PFD SER Z 4.75% 229,663 180,000
    WINTRUST FIN SER D PFD 6.5% 499,739 491,200
    WINTRUST FIN SER E PFD 6.875% 499,772 506,600
    ACCENTURE PLC IRELAND 295,136 249,832
    ALPHABET INC CAP STK CL C 478,846 340,776
    AMAZON COM INC 663,571 420,004
    AON PLC REGISTERED SHS CL A 228,595 237,015
    APPLE INC COM 485,426 475,354
    BLACKROCK INC COM 236,253 180,855
    COMCAST CORP CL A 122,170 73,319
    CONSTELLATION BRANDS INC CL A 171,572 184,075
    COSTCO WHOLESALE CORP NEW COM 349,613 373,618
    DISNEY WALT CO 175,891 123,054
    ENBRIDGE INC 137,880 120,645
    EDG RES INC 253,906 402,734
    EXXON MOBILE CORP 115,423 132,972
    HOME DEPOT INC COM 212,456 179,159
    HONEYWELL INTL INC COM 158,247 151,995
    INTUIT INCORPORATED COM 150,727 117,563
    JP MORGAN CHASE & CO COM 199,251 166,162
    MARVELL TECHNOLOGY INC 101,462 190,464
    MASTERCARD INC CL A COM 315,756 295,362
    META PLATFORMS INC 330,404 103,408
    MICROSOFT CORP COM 198,104 156,688
    RATHEON TECHNOLOGIES CORP COM 122,474 134,644
    ROPER TECHNOLOGIES INC COM 179,317 161,671
    SALESFORCE.COM INC COM STOCK 87,117 64,223
    THERMO FISHER SCIENTIFIC INC COM 379,625 346,930
    TRADEWEB MKTS INC CL A 181,690 117,596
    ULTA SALON COSMETICS & FRAGRANCE INC 41,702 52,421
    UNITY SOFTWARE INC COM 245,440 62,393
    WALGREENS BOOTS 99,896 100,375
    WORKDAY INC CL A 178,045 114,528
    ZEBRA TECHNOLOGIES CORP CL A 270,968 158,599

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    US Government Securities - End of Year Book Value:

    288,215
    US Government Securities - End of Year Fair Market Value:

    288,411
    State & Local Government Securities - End of Year Book Value:


    5,000
    State & Local Government Securities - End of Year Fair Market Value:


    4,784


    TY 2021 InvestmentsOtherSchedule2
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GLOBAL PRIVATE OPPORTUNITIES PARTNERS OFFSHORE AT COST 100,511 55,069
    BMC WAUKEGAN AT COST 29,581 29,581

    TY 2021 OtherExpensesSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 7,980 1,596   6,384
    OUTSIDE SERVICES 8,315 1,663   6,652
    DEDUCTIONS FROM K-1 INVESTMENTS 3,293 3,293   0
    PAYROLL PROCESSING FEES 2,256 451   1,805
    MARKETING 1,326 0   1,326
    OFFICE EXPENSE 7,488 1,498   5,990


    TY 2021 OtherIncreasesSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Description Amount
    COST BASIS ADUSTMENTS 203,147


    TY 2021 OtherLiabilitiesSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARD PAYABLE 1,123 3,462
    INVESTMENT IN GRAND VIEW COURT 331,212 318,273
    INVESTMENT IN GREENFIELD LP 108,902 120,611
    INVESTMENT IN AURORA MARKETPLACE 88,876 77,706


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 314,936 314,936   0


    TY 2021 TaxesSchedule
    Name:
    CRAIN-MALING FOUNDATION
    EIN:
    20-4310219
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 35,000 0   0