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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
The Bay and Paul Foundations Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

13-1991717
B Telephone number (see instructions)

(800) 839-1754
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$52,222J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 177,985 177,985  
4 Dividends and interest from securities... 129,728 129,728  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a 12,990,000
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
77 77  
12 Total. Add lines 1 through 11........ 307,790 307,790  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 29,000 5,510   23,490
14 Other employee salaries and wages...... 331,704 16,585   315,119
15 Pension plans, employee benefits....... 60,618 3,031   57,587
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
20,848 0 0 20,848
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,300 21,300 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
24,107     25,063
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,603      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 6,522 326   6,196
21 Travel, conferences, and meetings....... 349 17   332
22 Printing and publications.......... 314 16   298
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
129,751 1,819   163,519
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 628,116 48,604 0 612,452
25 Contributions, gifts, grants paid....... 15,855,305 20,483,289
26 Total expenses and disbursements. Add lines 24 and 25 16,483,421 48,604 0 21,095,741
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -16,175,631
b Net investment income (if negative, enter -0-) 259,186
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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......... 19,387,085 40,957 40,957
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   8,604    
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.......... 8,145 11,265 11,265
10a Investments—U.S. and state government obligations (attach schedule) 398,916    
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 588,129    
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) 4,875    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,395,754 52,222 52,222
Liabilities 17 Accounts payable and accrued expenses.......... 56,335  
18 Grants payable................. 4,627,984  
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)......... 4,684,319 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........... 15,711,435 52,222
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    
29 Total net assets or fund balances (see instructions)..... 15,711,435 52,222
30 Total liabilities and net assets/fund balances (see instructions). 20,395,754 52,222
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
15,711,435
2
Enter amount from Part I, line 27a .....................
2
-16,175,631
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
516,418
4
Add lines 1, 2, and 3 ..........................
4
52,222
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
52,222
Form 990-PF (2023)
Form 990-PF (2023)
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      
b SECURITY DEPOSIT - WEWORK P 2018-05-16 2023-04-10
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 12,990,000   12,990,000  
b 4,875   4,875  
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a        
b        
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 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  
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 3,603
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 3,603
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 3,603
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 6,446
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 6,446
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 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 2,843
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow2,843 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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 attachment
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 attachment
List of Attached Documents:
// Content
....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
Yes
 
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 arrowNY
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 2023 or the taxable year beginning in 2023? 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
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 arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
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 2023, 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
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Rebecca AdamsonClick to see attachment
List of Attached Documents:
// Content
Dir
2.0 		6,000 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
David BuryClick to see attachment
List of Attached Documents:
// Content
Dir
2.0 		5,000 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Kenneth D HurwitzClick to see attachment
List of Attached Documents:
// Content
Dir, Sec, Treas
2.0 		6,000 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Marilyn ReznickClick to see attachment
List of Attached Documents:
// Content
Dir, Chair
2.0 		6,000 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Gail StoneClick to see attachment
List of Attached Documents:
// Content
Corp Couns, Exec Dir
30.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
William E TerryClick to see attachment
List of Attached Documents:
// Content
Dir
2.0 		6,000 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
GAIL STONE CORP COUNS, EXEC DIR
30.0 		331,704 36,560 0
911 PANORAMA TRAIL S
ROCHESTER,NY146250397
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
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
Foundation Source Administrative 130,224
55 Walls Drive 3rd Fl
Fairfield,CT06824
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
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
3,096,486
b
Average of monthly cash balances.......................
1b
6,214,866
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
9,311,352
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
9,311,352
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
139,670
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
9,171,682
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
458,584
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
458,584
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,603
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,603
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
454,981
4
Recoveries of amounts treated as qualifying distributions................
4
515,305
5
Add lines 3 and 4............................
5
970,286
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
970,286
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
21,095,741
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
21,095,741
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 970,286
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:2021, 2020, 2019  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 3,331,619
b From 2019...... 3,847,779
c From 2020...... 7,259,721
d From 2021...... 10,266,158
e From 2022...... 11,987,799
f Total of lines 3a through e ........ 36,693,076
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 21,095,741
a Applied to 2022, but not more than line 2a  
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 2023 distributable amount..... 970,286
e Remaining amount distributed out of corpus 20,125,455
5 Excess distributions carryover applied to 2023.    
(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 56,818,531
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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 ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		3,331,619
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		53,486,912
10 Analysis of line 9:
a Excess from 2019.... 3,847,779
b Excess from 2020.... 7,259,721
c Excess from 2021.... 10,266,158
d Excess from 2022.... 11,987,799
e Excess from 2023.... 20,125,455
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
NONE
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 (2023)
Form 990-PF (2023)
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

AFFILIATED TRIBES OF NORTHWEST INDIANS

PO BOX 66209
PORTLAND,OR97290 		N/A PC to support annual National and International Tribal climate adaptation planning camps in 2022, 2023, and 2024 677,242

AFRO-LATIN JAZZ ALLIANCE OF NEW YORK INC

215 E 99TH ST STE 012
NEW YORK,NY10029 		N/A PC General & Unrestricted 40,000

ALLIANCE TO COUNTER CRIME ONLINE

4528 VAN NESS ST NW
WASHINGTON,DC20016 		N/A PC General & Unrestricted 100,000

AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC

125 BROAD ST 18TH FLOOR
NEW YORK,NY10004 		N/A PC General & Unrestricted 5,000

AMERICAN INDIAN HIGHER EDUCATION CONSORTIUM

121 ORONOCO ST
ALEXANDRIA,VA22314 		N/A PC Summer Internship Program 360,000

ANTI-DEFAMATION LEAGUE

605 3RD AVE
NEW YORK,NY10158 		N/A PC General & Unrestricted 10,000

ANTIOCH UNIVERSITY - DEVELOPMENT OFFICE

40 AVON ST
KEENE,NH03431 		N/A PC General & Unrestricted 5,000

ART IN THE NEIGHBORHOOD

62 W ST
BRATTLEBORO,VT05301 		N/A PC General & Unrestricted 5,000

ARTS ALIVE INC

15 EAGLE CT
KEENE,NH03431 		N/A PC General & Unrestricted 5,000

ASOCIACION AMBIENTAL BUDI ANUMKA - BUDI ANUMKA ENV

COMUNA DE TEODORO SCHMIDT
TEODORA SCHMIDT,REGION DE LA ARAU  
CI 		N/A PC General & Unrestricted 180,000

ASSOCIATION SHERPA

94 RUE SAINT LAZARE
PARIS   75009
FR 		N/A PC General & Unrestricted 130,000

BIG FLUFFY DOG RESCUE

196 JEFFERSON PIKE
LA VERGNE,TN37086 		N/A PC General & Unrestricted 20,165

BLOOMAGAINBKLYN

495 HENRY ST STE 255
BROOKLYN,NY11231 		N/A PC General & Unrestricted 20,000

BLOOMINGDALE SCHOOL OF MUSIC INC

323 W 108TH ST
NEW YORK,NY10025 		N/A PC To support preparation for and development of a strategic plan and its implementation 135,000

BLOOMINGDALE SCHOOL OF MUSIC INC

323 W 108TH ST
NEW YORK,NY10025 		N/A PC General & Unrestricted 300,000

BROOKLYN ARTS EXCHANGE INC

421 5TH AVE
BROOKLYN,NY11215 		N/A PC General & Unrestricted 300,000

BROOKLYN COLLEGE FOUNDATION INC

2900 BEDFORD AVE INGERSOLL HALL
BROOKLYN,NY11210 		N/A PC Corinne Steel Scholarship Award Fund 3,000

BROOKLYN COMMUNITY FOUNDATION

1000 DEAN ST STE 307
BROOKLYN,NY11238 		N/A PC General & Unrestricted 1,000

BROOKLYN FILMSHOP INC

104 SULLIVAN ST 14
NEW YORK,NY10012 		N/A PC General & Unrestricted 15,000

CAPITAL AREA FOOD BANK

4900 PUERTO RICO AVE NE
WASHINGTON,DC20017 		N/A PC General & Unrestricted 3,000

CARLISLE INDIAN SCHOOL PROJECT

1077 CHERRY ST
POTTSTOWN,PA19464 		N/A PC General & Unrestricted 185,000

CELLOBELLO INC

192 PURITAN RD
SWAMPSCOTT,MA01907 		N/A PC General & Unrestricted 25,000

CENTER FOR CLIMATE AND ENERGY SOLUTIONS

3100 CLARENDON BLVD STE 800
ARLINGTON,VA22201 		N/A PC General & Unrestricted 440,000

CENTER FOR RESOURCE SOLUTIONS

1012 TORNEY AVE
SAN FRANCISCO,CA94129 		N/A PC General & Unrestricted 440,000

CITIZENS FOR RESPONSIBILITY AND ETHICS IN WASHINGT

1331 F ST NW STE 900
WASHINGTON,DC20004 		N/A PC General & Unrestricted 10,000

CLEMMONS FAMILY FARM

2213 GREENBUSH RD
CHARLOTTE,VT05445 		N/A PC General & Unrestricted 300,000

COLLEGE OF THE MENOMINEE NATION

PO BOX 1179
KESHENA,WI54135 		N/A PC To support the general operations of its "Sustainability Development Institute" 335,000

COOL CULTURE INC

80 HANSON PL
BROOKLYN,NY11217 		N/A PC to support implementation of its three-year capacity building initiative to deepen program impact and further incorporate social justice core values throughout the organization 250,000

CSC REPERTORY LTD

136 E 13TH ST
NEW YORK,NY10003 		N/A PC General & Unrestricted 5,000

CULTURAL SURVIVAL INC

2067 MASSACHUSETTS AVE
CAMBRIDGE,MA02140 		N/A PC General & Unrestricted 550,000

DC CENTRAL KITCHEN INC

PO BOX 417406
BOSTON,MA02241 		N/A PC General & Unrestricted 2,500

EDUCATIONAL RESULTS PARTNERSHIP

428 J ST STE 320
SACRAMENTO,CA95814 		N/A PC General & Unrestricted 50,000

EG JUSTICE

103 MARIN DR
CHAPEL HILL,NC27516 		N/A GOV General & Unrestricted 200,000

EKSHEF

16 BLVD VOLTAIRE
PARIS   75011
FR 		N/A PC General & Unrestricted 75,000

EMERGE 125 INC

8 W 126TH ST
NEW YORK,NY10027 		N/A PC General & Unrestricted 600,000

FIRST PEOPLES FUND

PO BOX 2977
RAPID CITY,SD57709 		N/A PC General & Unrestricted 150,000

FRIENDS OF ALICE AUSTEN HOUSE INC

2 HYLAN BLVD
STATEN ISLAND,NY10305 		N/A PC General & Unrestricted 300,000

FRIENDS OF CZECH GREENWAYS INC

515 AVE I 1B
BROOKLYN,NY11230 		N/A PC General & Unrestricted 15,000

FRIENDS OF THE BRATTLEBORO MUSIC CENTER INC

72 BLANCHE MOYSE WAY
BRATTLEBORO,VT05301 		N/A PC Annual Operating Support 7,500

GATEWAYS MUSIC FESTIVAL INC

26 GIBBS ST
ROCHESTER,NY14604 		N/A PC General & Unrestricted 200,000

GINA GIBNEY DANCE INC

890 BROADWAY 5TH FL
NEW YORK,NY10003 		N/A PC General & Unrestricted 25,000

GINA GIBNEY DANCE INC

890 BROADWAY 5TH FL
NEW YORK,NY10003 		N/A PC Moving Toward Justice (MTJ) program 175,000

GLOBAL INVESTIGATIVE JOURNALISM NETWORK

PO BOX 7375
SILVER SPRING,MD20907 		N/A PC General & Unrestricted 750,000

GOOD PEOPLE FUND INC

384 WYOMING AVE
MILLBURN,NJ07041 		N/A PC General & Unrestricted 6,000

GRIST MAGAZINE INC

1501 E MADISON ST SUITE 650
SEATTLE,WA98122 		N/A PC General & Unrestricted 610,000

HONG KONG DEMOCRACY COUNCIL USA

1301 K ST NW UN 300W
WASHINGTON,DC20005 		N/A PC General & Unrestricted 35,000

HOOK ARTS MEDIA INC

480 VAN BRUNT ST
BROOKLYN,NY11231 		N/A PC General & Unrestricted 200,000

HUDSON FESTIVAL ORCHESTRA INC

PO BOX 1095
HUDSON,NY12534 		N/A PC General & Unrestricted 2,500

HUMAN RIGHTS IN CHINA INC

110 WALL ST
NEW YORK,NY10005 		N/A PC General & Unrestricted 180,000

INDIJ PUBLIC MEDIA

PO BOX 929
PHOENIX,AZ85001 		N/A PC General & Unrestricted 100,000

INTERNATIONAL INDIAN TREATY COUNCIL INC

2940 16TH ST STE 305
SAN FRANCISCO,CA94103 		N/A PC To continue its leadership efforts to ensure the inclusion of indigenous peoples' rights in the 30x30 plan 310,000

INTERNATIONAL INDIAN TREATY COUNCIL INC

2940 16TH ST STE 305
SAN FRANCISCO,CA94103 		N/A PC General & Unrestricted 1,000,000

JAZZ AND CLASSICS FOR CHANGE INC

56 FERN HILL RD
GHENT,NY12075 		N/A PC General & Unrestricted 5,000

JAZZ AND CLASSICS FOR CHANGE INC

56 FERN HILL RD
GHENT,NY12075 		N/A PC Annual Operating Support 5,000

JOB PATH INC

256 WEST 38TH ST 2ND FL
NEW YORK,NY10018 		N/A PC General & Unrestricted 10,000

JOURNALISM DEVELOPMENT NETWORK INC

1220 L ST NW STE 100
WASHINGTON,DC20005 		N/A PC General & Unrestricted 100,000

JOY 2 LEARN FOUNDATION

1617 3RD AVE 286403
NEW YORK,NY10128 		N/A PC General & Unrestricted 115,000

KENMORE WEST ALUMNI FOUNDATION INC

33 HIGHLAND PKWY
TONAWANDA,NY14223 		N/A PC General & Unrestricted 15,000

KIMELTUWVN - MAPUCHE COMMUNITY SCHOOL

LLAGUEPULLI MAPUCHE COMMUNITY
TEODORO SCHMIDT,ARAUCANIA REGION  
CI 		N/A PC Support for the third phase of the renovation and expansion of the Kimeltuwvn Mapuche Community School to serve sixth, seventh, and eighth grade students 100,000

KIMELTUWVN - MAPUCHE COMMUNITY SCHOOL

LLAGUEPULLI MAPUCHE COMMUNITY
TEODORO SCHMIDT,ARAUCANIA REGION  
CI 		N/A PC General & Unrestricted 30,000

KINGS MAJESTIC CORPORATION

1000 DEAN ST STE 232
BROOKLYN,NY11238 		N/A PC General & Unrestricted 60,000

KNICKERBOCKER TENNIS FOUNDATION

123 7TH AVE - BOX 142
BROOKLYN,NY11215 		N/A PC General & Unrestricted 2,000

LAW COLLEGE ASSOCIATION OF THE UNIVERSITY OF ARIZO

PO BOX 210176
TUCSON,AZ85721 		N/A PC Proposal for Indigenous People and Protected Areas Study and Media Campaign 285,000

LAW COLLEGE ASSOCIATION OF THE UNIVERSITY OF ARIZO

PO BOX 210176
TUCSON,AZ85721 		N/A PC General & Unrestricted 1,050,670

LOWER EAST SIDE TENEMENT MUSEUM

103 ORCHARD ST 4TH FL
NEW YORK,NY10002 		N/A PC General & Unrestricted 220,000

MAPLE MICRODEVELOPMENT

2175 ONYX ST
EUGENE,OR97403 		N/A PC General & Unrestricted 240,000

MEDECINS SANS FRONTIERES USA INC - DOCTORS WITHOUT

PO BOX 5030
HAGERSTOWN,MD21741 		N/A PC General & Unrestricted 3,000

MERCY SHIPS

PO BOX 1930
LINDALE,TX75771 		N/A PC General & Unrestricted 5,000

NATIONAL FRAGILE X FOUNDATION

1012 14TH ST NW STE 500
WASHINGTON,DC20005 		N/A PC General & Unrestricted 5,000

NEW ISRAEL FUND

235 MONTGOMERY ST STE 920
SAN FRANCISCO,CA94104 		N/A PC General & Unrestricted 50,000

NEW YORK UNIVERSITY

25 W 4TH ST 4TH FL
NEW YORK,NY10012 		N/A PC General Support of Institute for Policy Integrity 40,000

NEW YORK UNIVERSITY - SCHOOL OF LAW

22 WASHINGTON SQ NORTH
NEW YORK,NY10011 		N/A PC Institute for Policy Integrity 10,000

NEXT STAGE ARTS PROJECT INCORPORATED

PO BOX 251
PUTNEY,VT05346 		N/A PC General & Unrestricted 25,000

NORTHERN ARIZONA UNIVERSITY FDN INC

PO BOX 4094
FLAGSTAFF,AZ86011 		N/A PC For the internship program and international activities of its institute for tribal environmental professionals 445,742

OPEN SECRETS (RF) NPC

41 SALT RIVER RD
CAPE TOWN   7925
SF 		N/A PC General & Unrestricted 10,000

OPENSECRETS

1100 13TH ST NW SUITE 800
WASHINGTON,DC20005 		N/A PC General Support 80,000

OPENSECRETS

1100 13TH ST NW SUITE 800
WASHINGTON,DC20005 		N/A PC General & Unrestricted 80,000

PLANNED PARENTHOOD FEDERATION OF AMERICA INC

123 WILLIAMS ST 10TH FL
NEW YORK,NY10038 		N/A PC General & Unrestricted 10,000

PLATEFORME FRANCAISE DE PROTECTION DES LANCEURS D'

16 BLVD VOLTAITE
PARIS   75011
FR 		N/A PC General & Unrestricted 70,000

PROJECT EXPEDITE JUSTICE

74-5617 PAWAI PL 208A
KAILUA KONA,HI96740 		N/A PC General & Unrestricted 1,200,000

PUBLIC EMPLOYEES FOR ENVIRONMENTAL RESPONSIBILITY

962 WAYNE AVE STE 610
SILVER SPRING,MD20910 		N/A PC General & Unrestricted 440,000

QUEENSBOROUGH COMMUNITY COLLEGE FUND INC

222-05 56TH AVE SUITE A-406
BAYSIDE,NY11364 		N/A PC General & Unrestricted 2,000

RAMAZ SCHOOL

60 E 78TH ST
NEW YORK,NY10075 		N/A PC General & Unrestricted 4,000

RAZOM INC

140 2ND AVE STE 305
NEW YORK,NY10003 		N/A PC General & Unrestricted 35,000

READ 718

420 ATLANTIC AVE
BROOKLYN,NY11217 		N/A PC General & Unrestricted 25,000

REMATRIATION INC

102 1/2 CONCORD PL
SYRACUSE,NY13210 		N/A PC General & Unrestricted 300,000

RUFF RESCUERS UNITED FOR FURBABIES

PO BOX 736
PARRISH,AL35580 		N/A PC General & Unrestricted 20,165

SAMUEL FIELD YM & YWHA INC

5820 LITTLE NECK PKWY
LITTLE NECK,NY11362 		N/A PC Food Pantry, CAPE Program, and Respite Program 11,500

SANDGLASS CENTER FOR PUPPETRY & THEATER RESEARCH L

PO BOX 970
PUTNEY,VT05346 		N/A PC General & Unrestricted 25,000

SANTA FE FILM INSTITUTE

418 MONTEZUMA AVE
SANTA FE,NM87501 		N/A PC General & Unrestricted 30,305

SEEK INITIATIVE GEMEINNUTZIGE GMBH

AKAZIENALLE 10
ESSEN,NORDRHEIN-WESTFAL00000
GM 		N/A PC General & Unrestricted 80,000

SERVICES FOR THE UNDERSERVED INC

463 7TH AVE
NEW YORK,NY10018 		N/A PC General & Unrestricted 15,000

SHADOW WORLD INVESTIGATIONS SOUTH AFRICA NPC

2ND FL COMMUNITY HOUSE 41 SALT RIVE
CAPETOWN,WESTERN CAPE7925
SF 		N/A PC General & Unrestricted 75,000

SHELBURNE FARMS

1611 HARBOR RD
SHELBURNE,VT05482 		N/A PC General & Unrestricted 7,000

SOUTHERN AFRICA RESOURCE WATCH NPC

1ST FLR PRESIDENT PL 1 HOOD AVE
ROSEBANK JOHANNESBURG,GAUTENG2196
SF 		N/A PC General & Unrestricted 90,000

ST LUKES CHAMBER ENSEMBLE INC

450 W 37TH ST STE 502
NEW YORK,NY10018 		N/A PC Support of OSL's music education and community engagement programs 250,000

STUDENT LEADERSHIP NETWORK INC

322 8TH AVE FL 4
NEW YORK,NY10001 		N/A PC General & Unrestricted 100,000

SUNDOG THEATER INC

PO BOX 10183
STATEN ISLAND,NY10301 		N/A PC General & Unrestricted 300,000

TEACHING MATTERS INC

475 RIVERSIDE DR STE 1270
NEW YORK,NY10115 		N/A PC General & Unrestricted 25,000

THE BROOKLYN QUEENS CONSERVATORY OF MUSIC

58 7TH AVE
BROOKLYN,NY11217 		N/A PC General & Unrestricted 500,000

THE BROOKLYN QUEENS CONSERVATORY OF MUSIC

58 7TH AVE
BROOKLYN,NY11217 		N/A PC BKCM IT Systems Modernization 100,000

THE HUDSON ATHENS LIGHTHOUSE PRESERVATION COMMITTE

PO BOX 145
ATHENS,NY12015 		N/A PC General & Unrestricted 25,000

THE LAUNDROMAT PROJECT INC

1476 FULTON ST
BROOKYLN,NY11216 		N/A PC To support infrastructure development and general operations, BedSty programs, and artistic development 300,000

THE NEW YORK PUBLIC LIBRARY ASTOR LENOX AND TILDEN

445 FIFTH AVE 4TH FLOOR
NEW YORK,NY10016 		N/A PC for the Performing Arts: Jerome Robbins Dance Division to build capacity in its education coordinator's work over three years by (i) supporting the Dance Division Intergenerational Residency Program and (ii) funding contracted dance teaching artists to enhance the Dance Division Studio expertise in a range of dance styles 330,000

THE NEW YORK PUBLIC LIBRARY ASTOR LENOX AND TILDEN

445 FIFTH AVE 4TH FLOOR
NEW YORK,NY10016 		N/A PC General & Unrestricted 5,000

THE PROJECT ON GOVERNMENT OVERSIGHT INC

PO BOX 34758
WASHINGTON,DC20043 		N/A PC General & Unrestricted 175,000

THE SIGNALS NETWORK INC

151 1ST AVE 214
NEW YORK,NY10003 		N/A PC General & Unrestricted 115,000

THE VOTER PARTICIPATION CENTER

1707 L ST NW STE 700
WASHINGTON,DC20036 		N/A PC General & Unrestricted 10,000

THE YOUNG CENTER FOR IMMIGRANT CHILDRENS RIGHTS

2245 S MICHIGAN AVE
CHICAGO,IL60616 		N/A PC General & Unrestricted 115,000

THEATRE FOR A NEW AUDIENCE INC

154 CHRISTOPHER ST STE 3D
NEW YORK,NY10014 		N/A PC General & Unrestricted 340,000

THINKDANCE INC

235 W 102ND ST SUITE 14T
NEW YORK,NY10025 		N/A PC General & Unrestricted 25,000

THOMAS COLE HISTORIC HOUSE

218 SPRING ST
CATSKILL,NY12414 		N/A PC General & Unrestricted 50,000

TRUSTEES OF THE SMITH COLLEGE

33 ELM ST
NORTHAMPTON,MA01063 		N/A PC for the archive program focused on women and community organizing 40,000

TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA

3451 WALNUT ST 433 FRANKLIN BLDG
PHILADELPHIA,PA19104 		N/A PC General Support/Wharton ESG Lab 760,000

TURTLE BAY TREE FUND INC

208 EAST 51ST ST
NEW YORK,NY10022 		N/A PC General & Unrestricted 5,000

UNITARIAN UNIVERSALIST FELLOWSHIP OF FREDERICKSBUR

25 CHALICE CIR
FREDERICKSBRG,VA22405 		N/A PC General & Unrestricted 14,000

UNIVERSITY OF MICHIGAN

OFC OF FINANCIAL AID 2500 STUDEN
ANN ARBOR,MI48109 		N/A PC University of Michigan's School for the Environment and Sustainability programs 200,000

UNIVERSITY OF MICHIGAN

OFC OF FINANCIAL AID 2500 STUDEN
ANN ARBOR,MI48109 		N/A PC General & Unrestricted 1,000,000

UNIVERSITY OF WASHINGTON FOUNDATION

PO BOX 359505
SEATTLE,WA98195 		N/A PC General & Unrestricted 200,000

US SIF FOUNDATION LTD

1660 L ST NW 306
WASHINGTON,DC20036 		N/A SO II General & Unrestricted 165,000

WOMENS MEDIA CENTER

PO BOX 70967
WASHINGTON,DC20024 		N/A PC General & Unrestricted 45,000

WOOLMAN HILL INC

107 KEETS RD
DEERFIELD,MA01342 		N/A PC General & Unrestricted 10,000
Total .................................right arrow 3a 20,483,289
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
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 ........... 		    14 177,985  
4 Dividends and interest from securities ....     14 129,728  
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 ............ 		         
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aNET FOREIGN TAX REFUND 		    01 77  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   307,790  
13Total. Add line 12, columns (b), (d), and (e)..................
13
307,790
(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 (2023)
Form 990-PF (2023)
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
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Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
The Bay and Paul Foundations Inc
EIN:
13-1991717
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Audit Fees 21,300 21,300    

TY 2023 CompensationExplanation
Name:
The Bay and Paul Foundations Inc
EIN:
13-1991717
Person Name Explanation
Gail Stone *Compensation reported in Part I Line 14 and Part VII Line 2

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TY 2023 DepreciationSchedule
Name:
The Bay and Paul Foundations Inc
EIN:
13-1991717
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 2023 LiquidationExplanationStmt
Name:
The Bay and Paul Foundations Inc
EIN:
13-1991717
Statement:
This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $20,483,289. This amount represents 25% or more of the Foundation's net assets of $20,395,754 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.


TY 2023 LegalFeesSchedule
Name:
The Bay and Paul Foundations Inc
EIN:
13-1991717
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
General Consultations 20,848     20,848


TY 2023 OtherExpensesSchedule
Name:
The Bay and Paul Foundations Inc
EIN:
13-1991717
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 94,900     130,224
Bank Charges 130 130    
Foundation Dues & Memberships 1,500 75   1,425
Indemnification Insurance 5,685 284   5,615
Insurance Premiums 6,644 332   6,361
OFFICE EXPENSES 305 15   290
Postage/Delivery Service 1,910 96   1,814
State or Local Filing Fees 945     945
Storage Fee 4,494 225   4,269
Website Hosting/Support 13,238 662   12,576


TY 2023 OtherIncomeSchedule2
Name:
The Bay and Paul Foundations Inc
EIN:
13-1991717
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Net Foreign Tax Refund 77 77  


TY 2023 OtherIncreasesSchedule
Name:
The Bay and Paul Foundations Inc
EIN:
13-1991717
Description Amount
RETURNED GRANT 515,305
TO REVERSE PRIOR YEAR UNREALIZED LOSSES 1,113


TY 2023 OtherProfessionalFeesSchedule
Name:
The Bay and Paul Foundations Inc
EIN:
13-1991717
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PHILANTHROPIC CONSULTING SRVCS 8,237     8,237
RETIREMENT PLAN CONSULTING 13,645     14,601
PAYROLL PROCESSING FEES 2,225     2,225


TY 2023 TaxesSchedule
Name:
The Bay and Paul Foundations Inc
EIN:
13-1991717
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 3,603