Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
 
% ROSEWOOD FAMILY ADVISORS LLP
Number and street (or P.O. box number if mail is not delivered to street address)2475 HANOVER STREET Suite 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PALO ALTO, CA94304
A Employer identification number

20-1922957
B Telephone number (see instructions)

(650) 313-2002
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$4,992,012,019J 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) 264,587,726
2 Check right arrow.............
3 Interest on savings and temporary cash investments 314,908 314,908  
4 Dividends and interest from securities... 52,245,600 52,054,378  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 291,722,336
b Gross sales price for all assets on line 6a 1,263,043,864
7 Capital gain net income (from Part IV, line 2)... 583,101,838
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
List of Attached Documents:
// Content
6,814,775 7,292,763  
12 Total. Add lines 1 through 11........ 615,685,345 642,763,887  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
2,624 1,312 0 1,312
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
631,634 315,817 0 315,817
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
12,865,345 12,817,220    
17 Interest............... 2,135,700 2,056,671    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
15,938,474 3,037,266    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,422,036 1,198,300   196,375
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 32,995,813 19,426,586 0 513,504
25 Contributions, gifts, grants paid....... 276,017,372 276,017,372
26 Total expenses and disbursements. Add lines 24 and 25 309,013,185 19,426,586 0 276,530,876
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 306,672,160
b Net investment income (if negative, enter -0-) 623,337,301
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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............. 107,219 62,802 62,802
2 Savings and temporary cash investments......... 312,021,482 137,874,580 137,874,580
3 Accounts receivable right arrow3,773,572
Less: allowance for doubtful accounts right arrow   756,365 3,773,572 3,773,572
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 776,854,963 Click to see attachment
List of Attached Documents:
// Content
676,893,388 		1,830,254,809
c Investments—corporate bonds (attach schedule)....... 75,599,653 Click to see attachment
List of Attached Documents:
// Content
104,749,679 		91,697,968
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,359,188,682 Click to see attachment
List of Attached Documents:
// Content
2,832,398,421 		2,857,945,499
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
6,214,252 		Click to see attachment
List of Attached Documents:
// Content
70,402,789 		Click to see attachment
List of Attached Documents:
// Content
70,402,789
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,530,742,616 3,826,155,231 4,992,012,019
Liabilities 17 Accounts payable and accrued expenses.......... 3,511,698 0
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 3,511,698 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
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 3,527,230,918 3,826,155,231
29 Total net assets or fund balances (see instructions)..... 3,527,230,918 3,826,155,231
30 Total liabilities and net assets/fund balances (see instructions). 3,530,742,616 3,826,155,231
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
3,527,230,918
2
Enter amount from Part I, line 27a .....................
2
306,672,160
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,833,903,078
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
7,747,847
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,826,155,231
Form 990-PF (2022)
Form 990-PF (2022)
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 PUBLICLY-TRADED SECURITIES P    
b AEOLUS PROPERTY CATASTROPHE KEYSTONE PF FUND PARTIAL REDEMPTION P    
c TYBOURNE EQUITY (OFFSHORE) FUND FINAL REDEMPTION P    
d VOLORIDGE SUSTAINABILITIY FUND LTD REDEMPTION P   2022-07-15
e ANRP II(AIV BEL) LP P    
ANRP II (AIV TW) LP P    
ANRP II 892/TE (CONDUIT AIV P-II) LP P    
CENTERBRIDGE SEAPORT ACQUISITION FUND LP P   2022-05-23
STEADFAST INTERNATIONAL LTD HOLDBACK FROM 2021 LIQUIDATION P   2022-04-26
STARWOOD INT'L OPPORTUNITY FUND X INVESTOR LP - SEC 731A GAIN P    
STARWOOD US OPPORTUNITY FUND X INVESTOR LP - SEC 731A GAIN P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,207,442,185   618,426,628 589,015,557
b 5,354,856   5,762,531 -407,675
c 20,844,888   28,000,000 -7,155,112
d 25,020,583   27,500,000 -2,479,417
e 0   31,129 -31,129
24,816   57,652 -32,836
6,579   28,366 -21,787
1,017,764   135,720 882,044
183,644   0 183,644
13,646   0 13,646
69,628   0 69,628
      458,922
      458,922
      458,922
      458,922
      458,922
      458,922
      458,922
      458,922
      458,922
      458,922
      458,922
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       589,015,557
b       -407,675
c       -7,155,112
d       -2,479,417
e       -31,129
      -32,836
      -21,787
      882,044
      183,644
      13,646
      69,628
       
       
       
       
       
       
       
       
       
       
       
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 2 583,101,838
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 (2022)
Form 990-PF (2022)
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 right arrow 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) 1 8,664,388
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  
3 Add lines 1 and 2........................... 3 8,664,388
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 8,664,388
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 13,032,177
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,032,177
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 4,367,789
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow4,367,789 Refundedright arrow 11  
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? Click to see list of attachments
List of Attached Documents:
// Content
....................
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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 changesClick to see list of attachments
List of Attached Documents:
// Content
....
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.Click to see list of attachments
List of Attached Documents:
// Content
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowCA
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 2022 or the taxable year beginning in 2022? 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 (2022)
Form 990-PF (2022)
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
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowROSEWOOD FAMILY ADVISORS LLP Telephone no.right arrow (650) 313-2002

Located atright arrow2475 HANOVER ST SUITE 100PALO ALTOCA ZIP+4right arrow94304
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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
Yes
 
b
If "Yes," did it have excess business holdings in 2022 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 2022.) .....................
3b
 
No
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
LAWRENCE PAGE DIRECTOR, CHAIRMAN & PRESIDENT
0.25 		0 0 0
2475 HANOVER STREET
PALO ALTO,CA94304
LUCINDA SOUTHWORTH DIRECTOR & CFO
0.25 		0 0 0
2475 HANOVER STREET
PALO ALTO,CA94304
P WAYNE OSBORNE SECRETARY
0.5 		0 0 0
2475 HANOVER STREET
PALO ALTO,CA94304
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
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
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
ROSEWOOD FAMILY ADVISORS LLP TAX & ACCOUNTING 581,634
2475 HANOVER STREET SUITE 100
PALO ALTO,CA94304
ARTISAN PARTNERS LIMITED PARTNERSHIP INVESTMENT MGMT 1,045,468
875 E WISCONSIN AVE SUITE 800
MILWAUKEE,WI53202
MORGAN STANLEY & CO INCORPORATED INVESTMENT MGMT 2,937,917
1585 BROADWAY
NEW YORK,NY10036
BANK OF NEW YORK MELLON CORPORATION INVESTMENT MGMT 352,842
240 GREENWICH STREET
NEW YORK,NY10286
APERIO GROUP LLC INVESTMENT MGMT 624,256
3 HARBOR DR 204
SAUSALITO,CA94965
Total number of others receiving over $50,000 for professional services.............right arrow3
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 SHOO THE FLU IS A PROGRAM TO PREVENT THE FLU BY BRINGING FLU VACCINES AT NO COST TO STUDENTS, WITH OR WITHOUT INSURANCE, IN THE OAKLAND UNIFIED SCHOOL DISTRICT 28,194
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 NONE  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
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
4,107,148,717
b
Average of monthly cash balances.......................
1b
277,673,617
c
Fair market value of all other assets (see instructions)................
1c
1,596,815,423
d
Total (add lines 1a, b, and c).........................
1d
5,981,637,757
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
5,981,637,757
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
89,724,566
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,891,913,191
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
294,595,660
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
294,595,660
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
8,664,388
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,664,388
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
285,931,272
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
285,931,272
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
285,931,272
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
276,530,876
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
276,530,876
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 285,931,272
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 273,045,871
b Total for prior years:2020, 2019, 2018 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 276,530,876
a Applied to 2021, but not more than line 2a 273,045,871
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2022 distributable amount..... 3,485,005
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		282,446,267
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) ....... 		 
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022.... 0
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
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).)
LAWRENCE PAGE
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.
NA
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
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 (2022)
Form 990-PF (2022)
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

NATIONAL PHILANTHROPIC TRUST

165 TOWNSHIP LINE ROAD
SUITE 1200
JENKINTOWN,PA19046 		NONE PC GENERAL CHARITABLE PURPOSE 1,016,372

NATIONAL PHILANTHROPIC TRUST

165 TOWNSHIP LINE ROAD
SUITE 1200
JENKINTOWN,PA19046 		NONE PC GENERAL CHARITABLE PURPOSE 275,000,000

AMERICAN CANCER SOCIETY

PO BOX 7899
SAN FRANCISCO,CA94120 		NONE PC GENERAL CHARITABLE PURPOSE 1,000
Total .................................right arrow 3a 276,017,372
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2022)
Form 990-PF (2022)
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 ........... 		    14 314,908  
4 Dividends and interest from securities .... 901101 191,222 14 52,054,378  
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 ............ 		901101 122,731 18 291,599,605  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		901101 50 19 1,158,073  
bFOREIGN EXCHANGE 901101   18 -208,363  
cSUBPART F INCOME 901101   19 3,260,043  
dSECTION 988 GAIN/LOSS 901101 2,966 18 1,071,970  
ePFIC INCOME 901101   19 3,409,876  
fORDINARY INCOME 901101 -783,955 19 -1,459,421  
gROYALTIES 901101 1,445 15 7,650  
hTAX EXEMPT INCOME 901101   14 300,569  
iRENTAL REAL ESTATE INCOME/ LOSS 901101 -63 16 52,935  
jFEDERAL EXCISE & INCOME TAX REFUND       1,000  
12 Subtotal. Add columns (b), (d), and (e) .. -465,604 351,563,223  
13Total. Add line 12, columns (b), (d), and (e)..................
13
351,097,619
(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 (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
 
Employer identification number

20-1922957
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
  		Employer identification number
20-1922957
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
FLORIDA LLC
2475 HANOVER ST SUITE 100
 
PALO ALTO, CA94304

$ 100,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
FLORIDA LLC
2475 HANOVER ST SUITE 100
 
PALO ALTO, CA94304

$ 164,587,726


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
  		Employer identification number

20-1922957
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 PUBLICLY TRADED SECURITIES SEE SCHEDULE B ATTACHMENT $ 109,458,415 2022-12-19
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 PUBLICLY TRADED SECURITIES SEE SCHEDULE B ATTACHMENT $ 49,294,374 2022-12-20
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 PUBLICLY TRADED SECURITIES SEE SCHEDULE B ATTACHMENT $ 470,709 2022-12-21
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
4
 PUBLICLY TRADED SECURITIES SEE SCHEDULE B ATTACHMENT $ 5,364,228 2022-12-27
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
  		Employer identification number

20-1922957
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
EIN:
20-1922957
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 581,634 290,817   290,817
AUDIT FEES 50,000 25,000   25,000

TY 2022 AllOthProgRltdInvestmentsSch
Name:
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
EIN:
20-1922957
Category Amount
NONE  

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

TY 2022 DepreciationSchedule
Name:
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
EIN:
20-1922957
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

TY 2022 InvestmentsCorpBondsSchedule
Name:
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
EIN:
20-1922957
Name of Bond End of Year Book Value End of Year Fair Market Value
BNY 40302 ATTACHMENT 9-1 104,749,679 91,697,968

TY 2022 InvestmentsCorpStockSchedule
Name:
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
EIN:
20-1922957
Name of Stock End of Year Book Value End of Year Fair Market Value
ALPHABET INC. 676,893,388 1,830,254,809

TY 2022 InvestmentsOtherSchedule2
Name:
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
EIN:
20-1922957
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SSB 2761 - ATTACHMENT 10-1 AT COST 71,928,826 60,830,063
SSB 2762 - ATTACHMENT 10-1 AT COST 118,429,916 121,576,804
SSB 2765 - ATTACHMENT 10-1 AT COST 0 0
SSB 2767 - ATTACHMENT 10-1 AT COST 13,125,012 10,070,360
BNY 40002 - ATTACHMENT 10-1 AT COST 801,782,971 776,382,781
GS 4868 - ATTACHMENT 10-1 AT COST 0 0
8VC CO-INVEST FUND I, LP AT COST 7,847,739 9,247,776
GHF FUND LP AT COST 4,759,670 2,315,484
AEOLUS PROPERTY CASTASTROPHE AT COST 34,544,694 31,192,036
AH PARALLEL V-Q, LP AT COST 1,463,065 4,969,420
AH V-Q LP AT COST 3,573,679 8,654,717
ALKEON GROWTH OFFSHORE FUND AT COST 35,000,000 30,534,739
APOLLO NATURAL RESOURCES AT COST 3,415,245 2,800,719
ARES PRIVATE CREDIT SOLUTIONS AT COST 4,904,685 5,269,559
ASHBRIDGE TRANSFORMATIONAL SEC AT COST 9,709,000 17,159,557
BLUERUNVENTURES VI, LP AT COST 5,466,358 14,955,673
BOSTWICK COMPOUND OFFSHORE LTD AT COST 12,000,000 13,306,607
BRIDGE DEBT STRATEGIES FUND II AT COST 151,980 2,930,095
BRIDGE SENIORS HOUSING & MED AT COST 7,786,126 9,089,642
CANVAS VENTURES 2 LP AT COST 5,373,369 9,078,007
CARLYLE ENERGY MEZZANINE OPP AT COST 762,301 1,207,472
CARLYLE STRUCTURED CREDIT FUND AT COST 179,404 54,601
CIP VI INSTITUTIONAL FEEDER LP AT COST 7,238,967 8,733,099
CO-INVESTMENT FUND IV LP AT COST 1,223,646 541,719
CVRF (CAYMAN) LTD. AT COST 10,291,099 13,695,395
EMPYREAN CAPITAL OVERSEAS AT COST 62,000,000 61,672,929
EMR CAPITAL RESOURCES FUND II AT COST 3,320,453 2,889,476
FARALLON CAPITAL INSTITUTIONAL AT COST 991,810 986,997
H.I.G. BAYSIDE LOAN FUND IV AT COST 2,008,962 1,787,804
H.I.G. WHITEHORSE OFFSHORE AT COST 3,263,382 3,715,276
HG VORA OPPORTUNITY FUND AT COST 54,500,000 58,510,603
KABOUTER INT'L OPPORTUNITIES AT COST 34,000,000 24,866,624
KKR LENDING PARTNERS EUROPE AT COST 6,020,841 3,482,223
ORCHARD LANDMARK LIMITED AT COST 42,000,000 45,640,213
PALMER SQUARE CREDIT FUND LLC AT COST 59,399,014 63,850,748
PALO ALTO HEALTHCARE OFFSHORE AT COST 43,000,000 47,277,073
PETERSHILL II OFFSHORE LP AT COST 5,837,542 6,030,022
SOMA OFFSHORE LTD. AT COST 35,197,822 39,869,126
STARWOOD INT'L OPPORTUNITY X AT COST 0 82,752
STARWOOD US OPPORTUNITY X AT COST 0 1,500,602
TIGER PACIFIC OFFSHORE FUND AT COST 64,500,000 69,817,718
TWIN TREE CAPITAL OFFSHORE AT COST 56,500,000 73,286,737
TYBOURNE EQUITY (OFFSHORE) AT COST 0 0
VALUEACT CAPITAL INTERNATIONAL AT COST 83,196,063 81,033,574
VISTRIA FUND II (FT) LP AT COST 3,033,672 6,075,912
VISTRIA FUND II, LP AT COST 2,376,312 4,759,336
WELLINGTON TRUST COMPANY, NA AT COST 57,565,380 48,967,238
YORK EUROPEAN OPPORTUNITIES UN AT COST 747,914 894,384
H.I.G BAYSIDE LOAN FUND IV AIV AT COST 475,793 428,504
STARWOOD OPPT FUND XI US SAR AT COST 280,647 0
STARWOOD OPPT FUND XI US MAR AT COST 1,191,515 1,864,637
INSIGHT VENTURE PARTNERS X LP AT COST 9,477,138 19,483,285
KKR HEALTH CARE STRATEGIC LP AT COST 7,975,669 10,898,174
ATLAS CAPITAL INVESTORS FUND V AT COST 6,490,615 8,590,751
ATLAS MERCHANT CAPITAL FUND LP AT COST 7,120,175 6,619,565
BAIN CAPITAL - ASIA (A), LP AT COST 8,959,026 10,579,372
BEACON CAPITAL - PARTNERS 8 AT COST 5,999,807 5,853,875
LANDMARK - VIII OFFSHORE AT COST 3,938,585 5,129,960
NH TACTICAL VALUE FUND (AIV) AT COST 3,253,327 4,837,558
NH TV FEEDER FUND LP AT COST 4,461,903 5,249,750
ATLAS COTTON AIV I LP AT COST 0 0
SOF-11 INVESTOR INTERNATIONAL AT COST 3,744,080 3,659,036
BNY 40202 - ATTACHMENT 10-1 AT COST 97,633,764 95,255,259
8VC CO-INVEST FUND I (AIV), LP AT COST 1,675,722 1,974,671
APPIAN NATURAL RESOURCES FUND AT COST 3,926,755 5,557,085
BDT CAPITAL PARTNERS FUND 3 AT COST 8,243,731 8,855,053
MEDALIST PARTNERS OPPORTUNITY AT COST 11,527,855 10,815,015
STARWOOD OPP FUND XI (NRE AT COST 1,945,408 2,895,285
SUN CAPITAL PARTNERS VII LP AT COST 10,679,168 13,058,450
EVERCARE HEALTH FUND FEEDER LP AT COST 1,660,308 1,503,113
FARALLON CAPITAL F5 INVESTORS AT COST 50,099,688 52,467,777
KESTREL COAL GROUP PTY LTD AT COST 3,200,669 4,975,006
MS 8686 - ATTACHMENT 10-1 AT COST 179,138,336 155,236,674
GMO CLIMATE CHANGE R6 AT COST 50,866,815 47,048,528
ASSET RESURGENCE MAURITIUS FUN AT COST 6,245,860 6,350,569
CERBERUS RESIDENTIAL INCOME AT COST 12,426,759 16,105,856
LUGARD ROAD CAPITAL OFFSHORE AT COST 12,000,000 8,781,210
PETRICHOR OPP FUND I AT COST 6,208,348 6,165,223
SEG PARTNERS II LP AT COST 86,148,887 87,242,368
VISTRIA FUND III (FT) LP AT COST 8,273,963 11,817,933
VOLORIDGE SUSTAINABILITY FUND AT COST 0 0
YORK DISTRESSED ASSET FUND IV AT COST 9,923,226 12,247,083
RAVENSWOOD GOLD GROUP PTY LTD AT COST 1,415,118 1,531,177
SILVER POINT CAPITAL FUND LP AT COST 63,960,099 63,591,744
ACIP PARALLEL FUND A LP AT COST 8,059,658 9,045,084
BNY 40302 - ATTACHMENT 10-1 AT COST 0 0
BNY 40402 - ATTACHMENT 10-1 AT COST 30,013,169 30,387,726
29 METALS LIMITED AT COST 29,992 1,598,815
ARA FUND II LP AT COST 8,812,729 12,633,113
BRIDGE WORKFORCE & AFFORDABLE AT COST 12,050,972 13,074,085
FLAGSHIP PIONEERING FUND VII AT COST 3,780,116 5,099,244
G2VP II LLC AT COST 5,555,438 5,542,906
GAIP 2021 (BERMUDA) AIV LP AT COST 2,844,497 2,402,651
GAIP 2021 AIV A LP AT COST 1,619,454 1,795,243
GENERAL ATLANTIC INVESTMENT AT COST 2,329,218 2,448,279
HIMALAYA OFFSHORE LP AT COST 25,000,000 17,744,419
KHOSLA VENTURES VII LP AT COST 16,996,965 20,488,080
KKR HEALTH CARE STRATEGIC SAIL AT COST 27,413 37,587
LOWERCARBON 411.2 LP AT COST 5,887,352 6,310,783
LOWERCARBON 419.1 LP AT COST 8,074,986 8,135,670
LOWERCARBON N20 333.9 LP AT COST 4,909,146 4,888,858
METAVASI FUND LTD. AT COST 25,000,000 17,924,736
OCP ASIA FUND IV LP AT COST 5,066,282 4,793,338
RIBBIT BULLFROG II LP AT COST 5,984,001 3,804,569
SOF-XII US TE/QFPF REIT AT COST 978,931 1,462,232
SOF-XII US TE/NON-US AT COST 2,332,303 2,103,974
STARWOOD OPPORTUNITIES FUND 12 AT COST 133,613 155,206
SUSTAINABLE ASSET FUND III, LP AT COST 8,038,268 9,253,354
TECHNOLOGY IMPACT GROWTH II AT COST 4,704,984 4,708,606
VISTRIA FUND IV (FT) LP AT COST 14,184,212 14,880,835
CIP6 AIV II S.C.A. SICAV-RAIF AT COST 427,935 516,261
BDT CAP PTRNS FUND 3 SPIRITS AT COST 270,000 263,209
DRAGONEER OPPORT. OFFSHORE VI AT COST 2,867,764 1,488,874
LOWERCARBON CH4 1893.4 OPPORT. AT COST 5,060,286 5,059,472
PIMCO TACTICAL OPPORT.OFFSHORE AT COST 30,800,000 30,768,440
RA CAPITAL HEALTHCARE INT'L AT COST 40,000,000 42,040,741
RTW OFFSHORE FUND ONE LTD AT COST 40,000,000 39,251,979
SOF-XII INTERNATIONAL BLOCKER AT COST 960,000 960,014
SOF-XII PUBLIC INVESTMENT FEED AT COST 96,000 95,636
BNY 40002 - ATTACHMENT 10-1 AT COST 38,517,059 38,518,242

TY 2022 LegalFeesSchedule
Name:
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
EIN:
20-1922957
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 2,624 1,312   1,312


TY 2022 OtherAssetsSchedule
Name:
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
EIN:
20-1922957
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDEND RECEIVABLE 270,602 1,062,337 1,062,337
PREPAID CONTRIBUTION - AEOLUS 3,900,000 30,000,000 30,000,000
PREPAID CONTRIBUTION -STARWOOD 810,908 0 0
PREPAID CONTRIBUTION - SOF-11 1,232,742 0 0
PREPAID CONTRIBUTION - PIMCO 0 39,200,000 39,200,000
PREPAID CONTRIBUTION - ATLAS 0 140,452 140,452


TY 2022 OtherDecreasesSchedule
Name:
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
EIN:
20-1922957
Description Amount
UNREALIZED LOSSES 7,747,847


TY 2022 OtherExpensesSchedule
Name:
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
EIN:
20-1922957
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
RRF-1 FEE 1,200     1,200
INSURANCE 157,308     157,308
PROGRAM EXPENSE (SHOO THE FLU) 28,194     28,194
OTHER DEDUCTIONS 1,128,222 1,128,222    
ROYALTY DEDUCTIONS 3,517 3,517    
CHARITABLE DEDUCTIONS 9,653     9,653
CA FEE 20     20
NONDEDUCTIBLE EXPENSES 27,361      
EXCESS BUSINESS INTEREST EXP 66,376 66,376    
FEES AND LICENSES 185 185    


TY 2022 OtherIncomeSchedule2
Name:
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
EIN:
20-1922957
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 1,158,123 1,158,073  
FOREIGN EXCHANGE GAIN(LOSS) -208,363 -208,363  
SUBPART F INCOME 3,260,043 3,260,043  
SECTION 988 GAIN 1,074,936 1,071,970  
PFIC INCOME 3,409,876 3,409,876  
ORDINARY INCOME(LOSS) -2,243,376 -1,459,421  
ROYALTIES 9,095 7,650  
TAX EXEMPT INCOME 300,569 0  
RENTAL REAL ESTATE INCOME(LOSS) 52,872 52,935  
FEDERAL EXCISE & INCOME TAX REFUND 1,000 0  


TY 2022 OtherProfessionalFeesSchedule
Name:
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
EIN:
20-1922957
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 4,615,099 4,615,099    
PORTFOLIO DEDUCTION 8,250,246 8,202,121    


TY 2022 TaxesSchedule
Name:
THE CARL VICTOR PAGE MEMORIAL FOUNDATION
EIN:
20-1922957
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAXES 12,550,000      
FOREIGN TAXES 3,037,921 3,037,266    
STATE TAXES 553      
FEDERAL INCOME TAX (UBTI) 250,000      
CA INCOME TAX (UBTI) 100,000