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
ROYCE FAMILY FUND INC
C/O ROYCE & ASSOCIATES
Number and street (or P.O. box number if mail is not delivered to street address)8 SOUND SHORE DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GREENWICH, CT06830
A Employer identification number

13-3318620
B Telephone number (see instructions)

(203) 869-3541
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$103,952,882J 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 right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,166,888 2,166,888  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -188,403
b Gross sales price for all assets on line 6a 699,211
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)....... Click to see attachment
List of Attached Documents:
// Content
-503,039 -557,375  
12 Total. Add lines 1 through 11........ 1,475,446 1,609,513  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
91,667 0   91,667
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
231,796 37,828   0
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
160,916 240   160,676
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 484,379 38,068   252,343
25 Contributions, gifts, grants paid....... 4,921,002 4,921,002
26 Total expenses and disbursements. Add lines 24 and 25 5,405,381 38,068   5,173,345
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,929,935
b Net investment income (if negative, enter -0-) 1,571,445
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.............      
2 Savings and temporary cash investments......... 2,970,307 1,083,032 1,083,032
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 78,663,594 Click to see attachment
List of Attached Documents:
// Content
77,395,656 		68,884,827
c Investments—corporate bonds (attach schedule).......      
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)..........      
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
34,421,251 		Click to see attachment
List of Attached Documents:
// Content
33,985,023 		Click to see attachment
List of Attached Documents:
// Content
33,985,023
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 116,055,152 112,463,711 103,952,882
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
41,872 		Click to see attachment
List of Attached Documents:
// Content
43,197
23 Total liabilities (add lines 17 through 22)......... 41,872 43,197
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........ 12,188,889 12,188,889
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 103,824,391 100,231,625
29 Total net assets or fund balances (see instructions)..... 116,013,280 112,420,514
30 Total liabilities and net assets/fund balances (see instructions). 116,055,152 112,463,711
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
116,013,280
2
Enter amount from Part I, line 27a .....................
2
-3,929,935
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
337,169
4
Add lines 1, 2, and 3 ..........................
4
112,420,514
5
Decreases not included in line 2 (itemize) right arrow
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
112,420,514
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 LT CAPITAL GAIN DISTRIBUTIONS P 2021-01-01 2022-12-31
b TOTAL SHORT-TERM COMMON TRUST FUND AND PARTNERSHIP P 2022-01-01 2022-12-31
c TOTAL LONG-TERM COMMON TRUST FUND AND PARTNERSHIP P 2021-01-01 2022-12-31
d LOSS ON DISPOSITION OF BROADFIN P 2020-01-01 2022-12-31
e LOSS ON DISPOSITION OF TOCCATA P 2017-01-01 2022-12-31
(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 141,376     141,376
b     802,698 -802,698
c 557,835     557,835
d     3,622 -3,622
e     1 -1
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       141,376
b       -802,698
c       557,835
d       -3,622
e       -1
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 -107,110
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 21,843
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 21,843
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 21,843
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 98,699
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 98,699
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 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 76,856
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow76,856 Refundedright arrow 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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
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 arrowCT
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 instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowROYCE FAMILY FOUNDATION INC Telephone no.right arrow (203) 869-3541

Located atright arrow8 SOUND SHORE DRIVEGREENWICHCT ZIP+4right arrow06830
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
 
No
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
 
 
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
CHARLES M ROYCE PRESIDENT AND TREASURER
2.00 		0 0 0
C/O ROYCE ASSOC 8 SOUND SHORE DR
GREENWICH,CT06830
NICHOLAS MOORE SECRETARY
2.00 		0 0 0
C/O ROYCE ASSOC 8 SOUND SHORE DR
GREENWICH,CT06830
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...................right arrow 0
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
NICHOLAS C MOORE CONSULTING SERVICES 91,667
8 SOUND SHORE DRIVE STE 140
GREENWHICH,CT06830
Total number of others receiving over $50,000 for professional services.............right arrow0
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 THE PURPOSE OF BUILDING AT TOWN CENTER STREET TO BENEFIT THE COMMUNITY. 133,369
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 LOANS MADE TO HUNTER MOUNTAIN FOUNDATION INCONNECTION WITH CHARITABLE PURPOSE. 891,641
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow891,641
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
66,995,868
b
Average of monthly cash balances.......................
1b
571,901
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
67,567,769
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
67,567,769
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,013,517
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
66,554,252
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,327,713
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
3,327,713
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
21,843
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
34,629
c
Add lines 2a and 2b............................
2c
56,472
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,271,241
4
Recoveries of amounts treated as qualifying distributions................
4
1,817,539
5
Add lines 3 and 4............................
5
5,088,780
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
5,088,780
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
5,173,345
b
Program-related investments—total from Part VIII-B..................
1b
891,641
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
489,670
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
6,554,656
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 5,088,780
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017...... 3,730,601
b From 2018...... 3,075,763
c From 2019...... 2,805,686
d From 2020...... 2,629,521
e From 2021...... 2,322,145
f Total of lines 3a through e ........ 14,563,716
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 6,554,656
a Applied to 2021, 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 2022 distributable amount..... 5,088,780
e Remaining amount distributed out of corpus 1,465,876
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 16,029,592
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		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 2017 not
applied on line 5 or line 7 (see instructions) ... 		3,730,601
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		12,298,991
10 Analysis of line 9:
a Excess from 2018.... 3,075,763
b Excess from 2019.... 2,805,686
c Excess from 2020.... 2,629,521
d Excess from 2021.... 2,322,145
e Excess from 2022.... 1,465,876
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).)
CHARLES M ROYCE
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 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

564 PARK AVENUE PRESERVATION FOUNDATION

564 PARK AVENUE
NEW YORK,NY10065 		NONE PC GENERAL PURPOSES 3,500

A ROCHA USA

PO BOX 223
WHEATON,IL60187 		NONE PC GENERAL PURPOSES 1,500

ACADEMY FOR TEACHERS

PO BOX 771
PHILMONT,NY12565 		NONE PC GENERAL PURPOSES 2,000

ACBOW

8 SOUND SHORE DRIVE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 2,000

AJCE

9 SOUND SHORE DRIVE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 25,000

ALLIANCE FRANCAISE OF GREENWICH

299 GREENWICH AVENUE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 5,000

AMERICAN FRIENDS OF ABCACF INC

8 SOUND SHORE DRIVE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 20,000

ANCHOR HEALTH INITIATIVE CORP

30 MYANO LN STE 16
STAMFORD,CT06902 		NONE PC GENERAL PURPOSES 50,000

ANGLICAN COMMUNION COMPASS ROSE

1225 TEXAS STREET
HOUSTON,TX77002 		NONE PC GENERAL PURPOSES 20,000

ANGLICAN DIGEST

805 COUNTY ROAD 102
EUREKA SPRINGS,AR72632 		NONE PC GENERAL PURPOSES 1,000

ASPCA

424 E 92ND STREET
NEW YORK,NY10128 		NONE PC GENERAL PURPOSES 5,000

AVON THEATER FILM CENTER

272 BEDFORD STREET
STAMFORD,CT06901 		NONE PC GENERAL PURPOSES 23,363

AVONDALE CHAPEL

11 AVONDALE ROAD
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 1,000

BERKELEY DIVINITY SCHOOL

409 PROSPECT STREET
NEW HAVEN,CT06511 		NONE PC GENERAL PURPOSES 250,000

BIG BROTHERS BIG SISTERS OF NEW YORK

40 RECTOR ST FLOOR 11
NEW YORK,NY10006 		NONE PC GENERAL PURPOSES 2,500

BOYS & GIRLS CLUB OF GREENWICH

4 HORSENECK LANE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 2,000

BROWN UNIVERSITY

BOX 1822 69 BROWN STREET
PROVIDENCE,RI02912 		NONE PC GENERAL PURPOSES 950,000

BRUCE MUSEUM

ONE MUSEUM DRIVE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 179,050

CARDINAL KUNG ACADEMY

948 NEWFIELD AVENUE
STAMFORD,CT06905 		NONE PC GENERAL PURPOSES 1,000

CATSKILL MOUNTAIN FOUNDATION

PO BOX 924
HUNTER,NY12442 		NONE PC GENERAL PURPOSES 1,500

CENTER FOR ACTION AND CONTEMPLATION

PO BOX 12464
ALBUQUERQUE,NM87195 		NONE PC GENERAL PURPOSES 5,000

CENTRAL PARK CONSERVANCY

14 E 60TH STREET
NEW YORK,NY10022 		NONE PC GENERAL PURPOSES 5,000

CHILD MIND INSTITUTE

101 E 56TH STREET
NEW YORK,NY10022 		NONE PC GENERAL PURPOSES 5,000

CHRIST CHURCH GREENWICH

254 E PUTNAM AVENUE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 107,500

CITY FEST

800 N FRENCH STREET
WILMINGTON,DE19801 		NONE PC GENERAL PURPOSES 5,000

COLONIAL THEATRE

WILCOX PARK
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 35,000

DOCTORS WITHOUT BORDERS

40 RECTOR STREET FLOOR 16
NEW YORK,NY10006 		NONE PC GENERAL PURPOSES 1,500

EPISCOPAL CHARITIES FUND OF RI

275 NORTH MAIN STREET
PROVIDENCE,RI02903 		NONE PC GENERAL PURPOSES 1,000

EPISCOPAL CHURCH FOUNDATION

475 RIVERSIDE DRIVE STE 750
NEW YORK,NY10115 		NONE PC GENERAL PURPOSES 2,500

EPISCOPAL CHURCH OF CONNECTICUT

290 PRATT STREET BOX 52
MERIDEN,CT06450 		NONE PC GENERAL PURPOSES 50,000

EPISCOPAL CHURCH OF CT

291 PRATT STREET BOX 52
MERIDEN,CT06450 		NONE PC GENERAL PURPOSES 70,000

EPISCOPAL CHURCH

815 SECOND AVENUE
NEW YORK,NY10017 		NONE PC GENERAL PURPOSES 2,500

EUGENE O'NEILL THEATER CENTER

305 GREAT NECK ROAD
WATERFORD,CT06385 		NONE PC GENERAL PURPOSES 2,500

FILMMAKERS

145 9TH STREET STE 310
SAN FRANCISCO,CA94103 		NONE PC GENERAL PURPOSES 40,000

FOCUS

PO BOX 1027
NEW CANAAN,CT06840 		NONE PC GENERAL PURPOSES 11,000

FORDHAM UNIVERSITY

441 E FORDHAM ROAD
BRONX,NY10458 		NONE PC GENERAL PURPOSES 50,000

FORTE PREP ACADEMY

51-35 REEDER ST 2ND FLOOR
QUEENS,NY11373 		NONE PC GENERAL PURPOSES 3,000

FRENCH HERITAGE SOCIETY

14 E 60TH STREET STE 605
NEW YORK,NY10022 		NONE PC GENERAL PURPOSES 3,100

FRICK COLLECTION

1 E 70TH STREET
NEW YORK,NY10021 		NONE PC GENERAL PURPOSES 110,850

FRIENDS OF AUTISTIC PEOPLE

974 NORTH STREET
GREENWICH,CT06831 		NONE PC GENERAL PURPOSES 1,000

GREENWHICH HISTORICAL SOCIETY

47 STRICKLAND ROAD
COS COB,CT06807 		NONE PC GENERAL PURPOSES 5,000

GREENWICH COUNTRY DAY SCHOOL

PO BOX 623
GREENWICH,CT06836 		NONE PC GENERAL PURPOSES 500

GREENWICH E-RADIO LLC

71 LEWIS STREET 2ND FLOOR
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 50,000

GREENWICH HISTORICAL SOCIETY

47 STRICKLAND ROAD
COS COB,CT06807 		NONE PC GENERAL PURPOSES 6,000

GREENWICH INTERNATIONAL FILM FESTIVAL

135 E PUTNAM AVENUE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 10,000

GREENWICH LIBRARY

101 W PUTNAM AVENUE
GREENWICH,CT06870 		NONE PC GENERAL PURPOSES 170,000

GREENWICH TOWN PARTY

PO BOX 59
OLD GREENWICH,CT06870 		NONE PC GENERAL PURPOSES 10,400

HAROLD ROBINSON FOUNDATION

269 BEVERLY DRIVE 338
BEVERLY HILLS,CA90212 		NONE PC GENERAL PURPOSES 1,000

HENRI NOUWEN SOCIETY

PO BOX 22052
ST LOUIS,MO63122 		NONE PC GENERAL PURPOSES 1,000

HOLY TRINITY EPISCOPAL CHURCH

211 TRINITY PLACE
WEST PALM BEACH,FL33401 		NONE PC GENERAL PURPOSES 176,000

HUNTER FOUNDATION

5994 MAIN STREET
TANNERSVILLE,NY12485 		NONE PC GENERAL PURPOSES 629,000

INTERNATIONAL FRIENDS OF THE LONDON LIBRARY

515 MADISON AVENUE SUITE 725
NEW YORK,NY10022 		NONE PC GENERAL PURPOSES 5,000

JONNYCAKE CENTER OF WESTERLY

23 INDUSTRIAL DRIVE
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 1,000

KNICKERBOCKER MUSIC CENTER INC

35 RAILROAD AVENUE
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 97,000

LAKE ERIE COLLEGE FUND

391 W WASHINGTON STREET
PAINESVILLE,OH44077 		NONE PC GENERAL PURPOSES 20,000

LAKE ERIE COLLEGE

392 W WASHINGTON STREET
PAINESVILLE,OH44077 		NONE PC GENERAL PURPOSES 20,000

LINCOLN CENTER FOR PERFORMING ARTS

70 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		NONE PC GENERAL PURPOSES 50,000

LIVING CHURCH FOUNDATION

PO BOX 510705
MILWAUKEE,WI53203 		NONE PC GENERAL PURPOSES 25,000

LYRS

8 SOUND SHORE DRIVE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 1,000

MEMORIAL SLOAN KETTERING CANCER CENTER

1275 YORK AVE
NEW YORK,NY10065 		NONE PC GENERAL PURPOSES 2,000

MOUNTAIN TOP ARBORETUM

4 MAUDE ADAMS ROAD
TANNERSVILLE,NY12485 		NONE PC GENERAL PURPOSES 1,000

MOUNTAIN TOP HISTORICAL SOCIETY

21 CHESTNUT STREET
MOUNTAIN TOP,PA18707 		NONE PC GENERAL PURPOSES 2,500

MOUNTAIN TOP LIBRARY

6094 MAIN STREET
TANNERSVILLE,NY12485 		NONE PC GENERAL PURPOSES 32,500

MYSTIC & NOANK LIBRARY

40 LIBRARY STREET
MYSTIC,CT06355 		NONE PC GENERAL PURPOSES 1,000

MYSTIC SEAPORT MUSEUM

75 GREENMANVILLE AVENUE
MYSTIC,CT06355 		NONE PC GENERAL PURPOSES 10,000

NATIONAL TRUST FOR HISTORIC PRESERVATION

2600 VIRGINIA AVENUE SUITE 1100
WASHINGTON,DC20037 		NONE PC GENERAL PURPOSES 100,000

NEW ENGLAND SOCIETY OF THE CITY OF NEW YORK

150 E 55TH ST 3RD FLOOR
NEW YORK,NY10022 		NONE PC GENERAL PURPOSES 1,300

NEW YORK BOTANICAL GARDEN

2900 SOUTHERN BOULEVARD
BRONX,NY10458 		NONE PC GENERAL PURPOSES 300,000

NEW YORK FELLOWSHIP

232 E 32ND STREET
NEW YORK,NY10016 		NONE PC GENERAL PURPOSES 2,500

NEW YORK PUBLIC LIBRARY

445 5TH AVE FRNT 4
NEW YORK,NY10016 		NONE PC GENERAL PURPOSES 148,800

NEW YORK PUBLIC RADIO

160 VARICK STREET FLOOR 9
NEW YORK,NY10013 		NONE PC GENERAL PURPOSES 1,000

NYC AUX POLICE FOUNDATION

120-55 QUEENS BOULEVARD
KEW GARDENS,NY11424 		NONE PC GENERAL PURPOSES 1,000

OCEAN COMMUNITY CHAMBER FOUNDATION

1 CHAMBER WAY
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 5,000

OCEAN COMMUNITY UNITED THEATER

5 CANAL STREET
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 110,000

OCEAN COMMUNITY UNITED THEATER

5 CANAL STREET
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 350,134

OCEAN COMMUNITY YMCA

95 HIGH STREET
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 15,000

ONTEORA CEMETERY ASSOCIATION

1107 CO ROAD 25
TANNERSVILLE,NY12485 		NONE PC GENERAL PURPOSES 25,000

ONTEORA THEATRE

ONTEORA PARK
TANNERSVILLE,NY12485 		NONE PC GENERAL PURPOSES 1,000

OPENING DOORS FOR WESTERLY'S CHILDREN

PO BOX 2955
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 2,000

OPERATION SMILE

3641 FACULTY BOULEVARD
VIRGINIA BEACH,VA23453 		NONE PC GENERAL PURPOSES 4,000

PARK AVENUE ARMORY

643 PARK AVENUE
NEW YORK,NY10065 		NONE PC GENERAL PURPOSES 2,500

PARTNERSHIP SCHOOLS

101 1ST AVENUE
NEW YORK,NY10022 		NONE PC GENERAL PURPOSES 50,000

PRASAD

P O BOX 576
FERNDALE,NY12754 		NONE PC GENERAL PURPOSES 43,000

PRESERVATION FOUNDATION OF PALM BEACH

311 PERUVIAN AVENUE
PALM BEACH,FL33480 		NONE PC GENERAL PURPOSES 24,700

PRESERVATION LEAGUE OF NYS

44 CENTRAL AVENUE
ALBANY,NY12206 		NONE PC GENERAL PURPOSES 2,400

PRESERVATION SOCIETY OF NEWPORT COUNTY

423 BELLEVUE AVENUE
NEWPORT,RI02840 		NONE PC GENERAL PURPOSES 2,500

PRESERVE RHODE ISLAND

957 N MAIN STREET
PROVIDENCE,RI02904 		NONE PC GENERAL PURPOSES 1,000

READY FOR READING

26 PADDOCK FARM LANE
DORSET,VT05251 		NONE PC GENERAL PURPOSES 10,000

RHODE ISLAND FOUNDATION

1 UNION STATION
PROVIDENCE,RI02903 		NONE PC GENERAL PURPOSES 15,000

RHODE ISLAND PHILHARMONIC ORCHESTRA & MUSIC SCHOOL

667 WATERMAN AVENUE
EAST PROVIDENCE,RI02914 		NONE PC GENERAL PURPOSES 50,000

RHODE ISLAND PUBLIC RADIO

1 UNION STATION
PROVIDENCE,RI02903 		NONE PC GENERAL PURPOSES 10,000

ROYAL OAK FOUNDATION

20 W 44TH STREETSTE 606
NEW YORK,NY10036 		NONE PC GENERAL PURPOSES 1,000

SOCIETY OF THE FOUR ARTS

100 FOUR ARTS PLAZA
PALM BEACH,FL33480 		NONE PC GENERAL PURPOSES 25,000

SOUND WATERS

1281 COVE ROAD
STAMFORD,CT06902 		NONE PC GENERAL PURPOSES 10,000

SOUP KITCHEN INC

PO BOX 741155
BOYNTON BEACH,FL33474 		NONE PC GENERAL PURPOSES 1,500

ST GEORGE'S SCHOOL

PO BOX 1910
NEWPORT,RI02840 		NONE PC GENERAL PURPOSES 5,000

ST PAULS CHURCH

42 E MAIN STREET
SALEM,VA24153 		NONE PC GENERAL PURPOSES 2,500

ST PAULS EPISCOPAL CHURCH

42 E MAIN STREET
SALEM,VA24153 		NONE PC GENERAL PURPOSES 2,500

STONINGTON CEMETERY ASSOCIATION

PO BOX 345
STONINGTON,CT06378 		NONE PC GENERAL PURPOSES 1,000

STONINGTON VILLAGE IMPROVEMENT ASSOCIATION

PO BOX 18
STONINGTON,CT06378 		NONE PC GENERAL PURPOSES 1,000

SYDA FOUNDATION

P O BOX 600
SO FALLSBURG,NY12779 		NONE PC GENERAL PURPOSES 25,000

TRINITY FORUM

PO BOX 9464
MCLEAN,VA22102 		NONE PC GENERAL PURPOSES 1,000

TRINITY SCHOOL FOR MINISTRY

311 11TH ST
PENNSYLVANIA,PA15003 		NONE PC GENERAL PURPOSES 1,000

UNITED CHURCH OF STONINGTON

67 MAIN STREET
STONINGTON,CT06378 		NONE PC GENERAL PURPOSES 2,500

UNITED THEATER EDUCATION CENTER

5 CANAL STREET
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 32,500

URBAN RESOURCE INSTITUTE

75 BROAD STREET RM 505
NEW YORK,NY10004 		NONE PC GENERAL PURPOSES 1,500

VERSAILLES FOUNDATION

267 5TH AVE RM 912
NEW YORK,NY10016 		NONE PC GENERAL PURPOSES 1,000

WAGGYTAIL RESCUE

170 NORFOLK STREET APT 10
NEW YORK,NY10002 		NONE PC GENERAL PURPOSES 1,500

WATCH HILL CONSERVANCY

1 BAY STREET
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 8,000

WATCH HILL MEMORIAL LIBRARY & IMPROVEMENT SOCIETY

PO BOX 1451
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 3,000

WEEKAPAUG FOUNDATION FOR CONSERVATION

PO BOX 3067
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 1,000

WESTERLY ARMORY

PO BOX 614
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 5,000

WESTERLY HOSPITAL FOUNDATION

25 WELLS STREET
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 2,500

WESTERLY LAND TRUST

449 WESTERLY BRADFORD ROAD
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 118,405

YALE CENTER FOR FAITH AND CULTURE

409 PROSPECT STREET
NEW HAVEN,CT06511 		NONE PC GENERAL PURPOSES 5,000

YOUNG ARTIST PHILHARMONIC

PO BOX 3301
STAMFORD,CT06905 		NONE PC GENERAL PURPOSES 1,000
Total .................................right arrow 3a 4,921,002
bApproved for future payment
Total ................................. right arrow 3b 0
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 ........... 		         
4 Dividends and interest from securities ....     14 2,166,888  
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 ............ 		900001 30,246 18 -218,649  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aLOSS ON INVESTMENT IN LTD PARTNERSHIP 		523000 54,336 18 -557,375  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 84,582 1,390,864 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,475,446
(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

TY 2022 InvestmentsCorpStockSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Name of Stock End of Year Book Value End of Year Fair Market Value
ROYCE FAMILY INVESTMENTS LLC 42,597,292 36,267,024
TICC MANAGEMENT 10,698,657 10,698,657
BOUGANVILLE FUND MANAGEMENT 168,170 0
EVERSIDE FOUNDERS FUND 2,781,831 3,073,390
THREE OCEAN PARTNERS LLC 94,728 0
EVERSIDE FUND II 1,350,790 1,581,628
HELIOS STRATEGIC FUND LLC 3,205,400 3,070,294
FOURTH SAIL LONG OFFSHORE 1,750,000 2,551,293
GREENHAVEN ROAD CAPITAL 1,000,000 808,715
MARBLEGATE SPECIAL OPPORTUNITIES FUND 1,200,816 2,381,838
ROYCE PREMIER FUND 707,609 574,802
ROYCE FINANICAL SERVICES FUND 1,103,607 1,289,660
INTERNATIONAL FINE FOODS 276,200 0
T ROWE PRICE - PRIME RESERVE 1,125 1,125
ROYCE GLOBAL VALUE TRUST 98,954 69,827
ROYCE VALUE TRUST INC 1,079,250 1,045,807
ROCKEFELLER CAPITAL MANAGEMENT 92,387 0
OXFORD SQUARE CAP CORP 2,023,798 917,948
OXFORD LANE CAP CORP 5,302,841 2,567,261
EVERSIDE FUND III 629,145 752,502
VANTAGEROCKCAPITAL OFFSHORE FUND LTD. 1,233,056 1,233,056

TY 2022 OtherAssetsSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
AVON THEATER LLC - PRI 1,650,000 1,650,000 1,650,000
WESTERLY HIGHER EDUCATION CENTER - PRI 2,389,102 2,676,263 2,676,263
35 RAILROAD LLC - PRI 2,606,011 2,644,552 2,644,552
WESTERLY NOTE - WESTERLY LAND TRUST FOUNDATION - PRI 5,882,794 5,882,794 5,882,794
HUNTER MOUNTAIN FOUNDATION - PRI 19,034,012 18,158,114 18,158,114
OCEAN COMMUNITY UNITED THEATRE - PRI 1,241,669 1,241,669 1,241,669
WESTERLY HIGHER EDUCATION - LAND - PRI 446,319 446,319 446,319
PROMISSORY NOTE - ANCHOR HEALTH INITIATIVE - PRI 225,000 175,000 175,000
RECEIVABLE - STORAGE 4,350 4,350 4,350
23 ELM STREET LLC 441,994 605,962 605,962
SOUTHEAST ELEVATOR HOLDINGS 500,000 500,000 500,000


TY 2022 OtherExpensesSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DIRECT CHARITABLE EXPENSES - SEE PART IX-A 133,369 0   133,369
INVESTMENT EXPENSES 240 240   0
INSURANCE 19,043 0   19,043
MISCELLANEOUS EXPENSES 8,264 0   8,264


TY 2022 OtherIncomeSchedule2
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
LOSS ON INVESTMENT IN LTD PARTNERSHIP -503,039 -557,375 -503,039


TY 2022 OtherIncreasesSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Description Amount
NET UNREALIZED APPRECIATION ON PASS-THROUGH ENTITIES 337,169


TY 2022 OtherLiabilitiesSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Description Beginning of Year - Book Value End of Year - Book Value
OTHER PAYABLES 41,872 41,872
BMF LIQUIDATING FUND US INVESTORS LLC 0 1,325


TY 2022 OtherProfessionalFeesSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES IN CONNECTION WITH FOUNDATION MATTERS 91,667 0   91,667


TY 2022 TaxesSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN WITHOLDING TAXES THROUGH PARTNERSHIPS 37,728 37,728   0
FEDERAL UBTI TAX 123,526 0   0
FOREIGN WITHOLDING TAXES THROUGH ROCKFELLER 100 100   0
CT UBTI TAX 47,296 0   0
FEDERAL EXCISE TAX ON NET INVESTMENT INCOME 21,946 0   0
RI TAXES PAID 1,200 0   0