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
SOLON E SUMMERFIELD FOUNDATION INC
C/O INTENTIONAL PHILANTHROPY
Number and street (or P.O. box number if mail is not delivered to street address)4801 HAMPDEN LANE 106
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BETHESDA, MD208142948
A Employer identification number

13-1797260
B Telephone number (see instructions)

(212) 218-7640
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$86,121,961J 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 6,608 6,608  
4 Dividends and interest from securities... 1,377,421 1,493,249  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,844,146
b Gross sales price for all assets on line 6a 13,769,669
7 Capital gain net income (from Part IV, line 2)... 3,732,666
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
0 1,525  
12 Total. Add lines 1 through 11........ 5,228,175 5,234,048  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 30,000 0   30,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
13,020 0   13,020
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
52,486 0   52,486
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,057,759 449,509   608,250
17 Interest...............   10,143    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
23,735 5,580   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 24,646 0   24,646
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
24,500 66,551   22,057
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,226,146 531,783   750,459
25 Contributions, gifts, grants paid....... 8,389,291 8,389,291
26 Total expenses and disbursements. Add lines 24 and 25 9,615,437 531,783   9,139,750
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,387,262
b Net investment income (if negative, enter -0-) 4,702,265
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......... 2,994,756 2,151,710 2,151,710
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) 4,359,529 Click to see attachment
List of Attached Documents:
// Content
6,515,663 		6,334,600
b Investments—corporate stock (attach schedule)....... 5,613,745 Click to see attachment
List of Attached Documents:
// Content
7,107,156 		53,340,321
c Investments—corporate bonds (attach schedule)....... 10,977,161 Click to see attachment
List of Attached Documents:
// Content
8,521,118 		8,422,738
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).......... 7,584,077 Click to see attachment
List of Attached Documents:
// Content
7,249,962 		15,872,592
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 31,529,268 31,545,609 86,121,961
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)    
23 Total liabilities (add lines 17 through 22)......... 0 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........... 31,529,268 31,545,609
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)..... 31,529,268 31,545,609
30 Total liabilities and net assets/fund balances (see instructions). 31,529,268 31,545,609
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
31,529,268
2
Enter amount from Part I, line 27a .....................
2
-4,387,262
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,403,603
4
Add lines 1, 2, and 3 ..........................
4
31,545,609
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
31,545,609
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 THRU SCHEDULE K-1 - ACL ALTERNATIVE FUND SAC LIMITED P    
c THRU SCHEDULE K-1 - RENAISSANCE INSTITUTIONAL EQUITIES FUND LLC P    
d CAPITAL GAINS DIVIDENDS P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 13,764,888   9,925,523 3,839,365
b       -173,792
c       62,312
d 4,781     4,781
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,839,365
b       -173,792
c       62,312
d       4,781
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 3,732,666
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 65,361
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 65,361
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 65,361
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 36,283
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 86,283
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 20,922
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow20,922 Refundedright arrow 11 0
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? ....................
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
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 arrowHTTP://SUMMERFIELDFOUNDATION.ORG/
14
The books are in care ofright arrowINTENTIONAL PHILANTHROPY Telephone no.right arrow (301) 761-4433

Located atright arrow4801 HAMPDEN LANE NO 106BETHESDAMD ZIP+4right arrow208142948
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)
Yes
 
(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)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
CYNTHIA RIVERA WEISSBLUM DIRECTOR, PRESIDENT
5.00 		5,000 0 0
C/O INTENTIONAL PHILANTHROPY 4801
HAMPDEN LANE SUITE 106
BETHESDA,MD208142948
KAREN P BALLIETT DIRECTOR, VICE PRESIDENT
5.00 		5,000 0 0
C/O INTENTIONAL PHILANTHROPY 4801
HAMPDEN LANE SUITE 106
BETHESDA,MD208142948
ANNE E TREEGER DIRECTOR, SECRETARY
5.00 		5,000 0 0
C/O INTENTIONAL PHILANTHROPY 4801
HAMPDEN LANE SUITE 106
BETHESDA,MD208142948
MARK A COGEN DIRECTOR, TREASURER
5.00 		5,000 0 0
C/O INTENTIONAL PHILANTHROPY 4801
HAMPDEN LANE SUITE 106
BETHESDA,MD208142948
ALYSSA N COGEN DIRECTOR
5.00 		5,000 0 0
C/O INTENTIONAL PHILANTHROPY 4801
HAMPDEN LANE SUITE 106
BETHESDA,MD208142948
RANDOLPH MOORE DIRECTOR
5.00 		5,000 0 0
C/O INTENTIONAL PHILANTHROPY 4801
HAMPDEN LANE SUITE 106
BETHESDA,MD208142948
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 (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
INTENTIONAL PHILANTHROPY FOUNDATION ADMINISTRATION AND GRANTS MANAGEMENT 599,750
4801 HAMPDEN LANE SUITE 106
BETHESDA,MD208142948
MORGAN STANLEY PRIVATE WEALTH MANAGEMENT INVESTMENT MANAGEMENT AND ADVISORY 449,509
522 FIFTH AVENUE
NEW YORK,NY100367601
PKF O'CONNOR DAVIES ACCOUNTING AND TAX RETURN PREPARATION 52,486
500 MAMARONECK AVENUE SUITE 301
HARRISON,NY105281648
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  
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 arrow0
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
84,092,400
b
Average of monthly cash balances.......................
1b
2,169,659
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
86,262,059
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
86,262,059
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,293,931
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
84,968,128
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,248,406
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
4,248,406
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
65,361
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
65,361
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,183,045
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,183,045
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
4,183,045
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
9,139,750
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
 
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
9,139,750
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 4,183,045
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 1,246,979
f Total of lines 3a through e ........ 1,246,979
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 9,139,750
a Applied to 2022, 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 2023 distributable amount..... 4,183,045
e Remaining amount distributed out of corpus 4,956,705
5 Excess distributions carryover applied to 2023. 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 6,203,684
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
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) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		6,203,684
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 1,246,979
e Excess from 2023.... 4,956,705
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).)
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

AMERICAN FOUNDATION FOR THE BLIND

1108 3RD AVENUE SUITE 200
HUNTINGTON,WV25701 		N/A PC ENDOWMENT/GENERAL OPERATING SUPPORT 12,479

AMERICAN INDIAN COLLEGE FUND

8333 GREENWOOD BOULEVARD
DENVER,CO80221 		N/A PC PROGRAM SUPPORT - NATIVE PATHWAYS PROGRAM 2,977

AMERICAN INDIAN COLLEGE FUND

8333 GREENWOOD BOULEVARD
DENVER,CO80221 		N/A PC PROGRAM SUPPORT - NATIVE PATHWAYS PROGRAM 101,777

ARAB AMERICAN FAMILY SUPPORT CENTER

150 COURT STREET 3RD FLOOR
BROOKLYN,NY11201 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 166,667

ARBOR RISING

270 WEST 39TH STREET 20TH FLOOR
NEW YORK,NY10018 		N/A PC GENERAL OPERATING SUPPORT 254,442

ARBOR RISING

271 WEST 39TH STREET 20TH FL
NEW YORK,NY10019 		N/A PC GENERAL OPERATING SUPPORT 2,056

AT THE TABLE

609 WARREN STREET
BROOKLYN,NY11217 		N/A PC GENERAL OPERATING SUPPORT 100,000

BOTTOM LINE

44 COURT STREET SUITE 300
BROOKLYN,NY11201 		N/A PC ENDOWMENT 151,838

BOTTOM LINE

44 COURT STREET SUITE 300
BROOKLYN,NY11201 		N/A PC GENERAL OPERATING SUPPORT 152,665

BOY SCOUTS OF AMERICA

1325 WALNUT HILL LANE
IRVING,TX75015 		N/A PC ENDOWMENT/GENERAL OPERATING SUPPORT 12,479

BOYS TOWN (FATHER FLANAGAN'S BOYS' HOME)

14100 CRAWFORD STREET
BOYS TOWN,NE68010 		N/A PC ENDOWMENT/GENERAL OPERATING SUPPORT 12,479

BROOKLYN NAVY YARD

141 FLUSHING AVENUE UNIT 801
BROOKLYN,NY11205 		N/A PC PROGRAM SUPPORT - STEAM CENTER 50,000

CHANGE IMPACT

PO BOX 294
EAST ROCKAWAY,NY11518 		N/A NC PROGRAM SUPPORT - PEER LEARNING PROGRAM 50,000

CHILDREN'S AID SOCIETY

117 WEST 124TH STREET 5TH FLOOR
NEW YORK,NY10027 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 33,776

CODE NATION - NEW YORK

85 BROAD STREET 17TH FLOOR
NEW YORK,NY10004 		N/A PC PROGRAM SUPPORT - NEW YORK 2,977

CODE NATION - NEW YORK

85 BROAD STREET 17TH FLOOR
NEW YORK,NY10004 		N/A PC GENERAL OPERATING SUPPORT 150,000

COMMUNITY FUNDS

909 THIRD AVENUE 22ND FLOOR
NEW YORK,NY10022 		N/A PC PROGRAM SUPPORT - NEW YORK CITY WORKFORCE DEVELOPMENT FUND 50,000

DRIVE CHANGE

630 FLUSHING AVENUE FLOOR 5
BROOKLYN,NY11206 		N/A PC GENERAL OPERATING SUPPORT 100,000

EAST SIDE HOUSE SETTLEMENT

337 ALEXANDER AVENUE
BRONX,NY10454 		N/A PC PROGRAM SUPPORT - POST-SECONDARY PATHWAYS AND COMMUNITY TEACHING KITCHEN 3,994

EAST SIDE HOUSE SETTLEMENT

337 ALEXANDER AVENUE
BRONX,NY10454 		N/A PC PROGRAM SUPPORT - POST-SECONDARY PATHWAYS AND COMMUNITY TEACHING KITCHEN 127,813

EXALT YOUTH

17 BATTERY PLACE SUITE 307
NEW YORK,NY10004 		N/A PC GENERAL OPERATING SUPPORT 2,905

EXALT YOUTH

17 BATTERY PLACE SUITE 307
NEW YORK,NY10004 		N/A PC GENERAL OPERATING SUPPORT 152,665

FJC

225 WEST 39TH STREET 12TH FLOOR
NEW YORK,NY10018 		N/A PC PROGRAM SUPPORT - THE BELL 150,000

FRACTURED ATLAS

228 PARK AVENUE S 56651
NEW YORK,NY10003 		N/A PC PROGRAM SUPPORT - SCOPE OF WORK 125,000

FUND FOR PUBLIC SCHOOLS INC

52 CHAMBERS STREET ROOM 305
NEW YORK,NY10007 		N/A PC PROGRAM SUPPORT - FUTUREREADYNYC 144,620

FUND FOR THE CITY OF NEW YORK

121 AVENUE OF THE AMERICAS 6TH
FLOOR
NEW YORK,NY10013 		N/A PC PROGRAM SUPPORT - STUDENT SUCCESS NETWORK 110,000

FUND FOR THE CITY OF NEW YORK

121 AVENUE OF THE AMERICAS 6TH
FLOOR
NEW YORK,NY10013 		N/A PC PROGRAM SUPPORT - COLLEGE ACCESS: RESEARCH & ACTION 126,244

FUND FOR THE CITY OF NEW YORK

121 AVENUE OF THE AMERICAS 6TH
FLOOR
NEW YORK,NY10013 		N/A PC PROGRAM SUPPORT - COLLEGE ACCESS: RESEARCH & ACTION 150,000

FUND FOR THE CITY OF NEW YORK

121 AVENUE OF THE AMERICAS 6TH
FLOOR
NEW YORK,NY10013 		N/A PC PROGRAM SUPPORT - THE CENTER FOR FAIR FUTURES 230,687

GENESYS WORKS

55 EXCHANGE PLACE SUITE 503
NEW YORK,NY10005 		N/A PC GENERAL OPERATING SUPPORT 2,905

GENESYS WORKS

55 EXCHANGE PLACE SUITE 503
NEW YORK,NY10005 		N/A PC PROGRAM SUPPORT - APPRENTICESHIP PLACEMENTS 25,000

GENESYS WORKS

55 EXCHANGE PLACE SUITE 503
NEW YORK,NY10005 		N/A PC GENERAL OPERATING SUPPORT 127,813

GODDARD RIVERSIDE COMMUNITY CENTER

593 COLUMBUS AVENUE
NEW YORK,NY10024 		N/A PC PROGRAM SUPPORT - OPTIONS CENTER 3,921

GODDARD RIVERSIDE COMMUNITY CENTER

593 COLUMBUS AVENUE
NEW YORK,NY10024 		N/A PC PROGRAM SUPPORT - OPTIONS CENTER 192,902

GREEN CITY FORCE

630 FLUSHING AVENUE 8TH FLOOR
BROOKLYN,NY11206 		N/A PC GENERAL OPERATING SUPPORT 334,410

HEBREW FREE LOAN SOCIETY

675 THIRD AVENUE 19TH FLOOR
NEW YORK,NY10017 		N/A PC ENDOWMENT/GENERAL OPERATING SUPPORT 12,479

HENRY STREET SETTLEMENT

265 HENRY STREET
NEW YORK,NY10002 		N/A PC GENERAL OPERATING SUPPORT 1,200

HENRY STREET SETTLEMENT

265 HENRY STREET
NEW YORK,NY10002 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 100,995

HENRY STREET SETTLEMENT

265 HENRY STREET
NEW YORK,NY10002 		N/A PC PROGRAM SUPPORT - EXPANDED HORIZONS COLLEGE SUCCESS PROGRAM AND COMMUNITY COVID RESPONSE TEAM 280,478

HETRICK-MARTIN INSTITUTE

2 ASTOR PLACE
NEW YORK,NY10003 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 100,995

IMENTOR NEW YORK

199 WATER STREET 8TH FLOOR
NEW YORK,NY10038 		N/A PC GENERAL OPERATING SUPPORT 127,813

JEWISH HOME LIFECARE MANHATTAN

120 WEST 106TH STREET
NEW YORK,NY10025 		N/A PC PROGRAM SUPPORT - SKILLSPRING 152,665

KANSAS UNIVERSITY ENDOWMENT ASSOCIATION

PO BOX 928
LAWRENCE,KS66044 		N/A PC ENDOWMENT/GENERAL OPERATING SUPPORT 20,000

KANSAS UNIVERSITY ENDOWMENT ASSOCIATION

PO BOX 928
LAWRENCE,KS66044 		N/A PC ENDOWMENT/GENERAL OPERATING SUPPORT 125,911

LEGAL OUTREACH

36-14 35TH STREET
QUEENS,NY11106 		N/A PC GENERAL OPERATING SUPPORT 101,777

LIGHTHOUSE GUILD INTERNATIONAL INC

250 WEST 64TH STREET
NEW YORK,NY10023 		N/A PC ENDOWMENT/GENERAL OPERATING SUPPORT 12,479

MENTOR NEWARK

60 PARK PLACE SUITE 601
NEWARK,NJ07102 		N/A PC PROGRAM SUPPORT - COLLEGE BRIDGE 76,588

MT SINAI ADOLESCENT HEALTH CENTER

320 EAST 94TH STREET
NEW YORK,NY10128 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 124,361

NEW YORK SOCIETY FOR THE PREVENTION OF CRUELTY TO CHILDREN

520 EIGHTH AVENUE SUITE 1401
NEW YORK,NY10018 		N/A PC ENDOWMENT/GENERAL OPERATING SUPPORT 12,479

NEWARK OPPORTUNITY YOUTH NETWORK

60 PARK PLACE 14TH FLOOR
NEWARK,NJ07102 		N/A PC PROGRAM SUPPORT - BUILDING ECOSYSTEMS FOR OPPORTUNITY YOUTH. 300,000

NYC HEALTH HOSPITALS

50 WATER STREET 17TH FLOOR
NEW YORK,NY10004 		N/A PC PROGRAM SUPPORT - BEHAVIORAL HEALTH NURSING CAREER LADDER 178,000

ONEGOAL - NEW YORK

55 EXCHANGE PLACE SUITE 503
NEW YORK,NY10005 		N/A PC GENERAL OPERATING SUPPORT 75,000

PHI KAPPA PSI FOUNDATION

5395 EMERSON WAY
INDIANAPOLIS,IN46226 		N/A PC ENDOWMENT/GENERAL OPERATING SUPPORT 12,479

REEL WORKS

540 PRESIDENT STREET SUITE 2F
BROOKLYN,NY11215 		N/A PC PROGRAM SUPPORT - MEDIAMKRS 100,000

RESEARCH FOUNDATION OF CUNY

230 WEST 41ST STREET
NEW YORK,NY10036 		N/A PC PROGRAM SUPPORT - CUNY OFFICE OF K-16 50,000

RESEARCH FOUNDATION OF CUNY

230 WEST 41ST STREET
NEW YORK,NY10036 		N/A PC PROGRAM SUPPORT - CUNY SCHOOL OF PROFESSIONAL STUDIES 500,000

ROUNDABOUT THEATRE

231 WEST 39TH STREET
NEW YORK,NY10018 		N/A PC PROGRAM SUPPORT - THEATRICAL WORKFORCE DEVELOPMENT PROGRAM 76,924

RUTGERS UNIVERSITY FOUNDATION

335 GEORGE STREET
NEW BRUNSWICK,NJ08901 		N/A PC PROGRAM SUPPORT - NEWARK CITY OF LEARNING COLLABORATIVE 97,552

SUMMER SEARCH

1412 BROADWAY SUITE 700
NEW YORK,NY10018 		N/A PC GENERAL OPERATING SUPPORT 122,369

SUNY IMPACT FOUNDATION

353 BROADWAY
ALBANY,NY12207 		N/A PC PROGRAM SUPPORT - ACE 250,000

SUNY IMPACT FOUNDATION

353 BROADWAY
ALBANY,NY12207 		N/A PC PROGRAM SUPPORT - ASAP 250,000

THE DOOR - A CENTER OF ALTERNATIVES INC

121 AVENUE OF THE AMERICAS
NEW YORK,NY10013 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 201,879

THE DOOR - A CENTER OF ALTERNATIVES INC

121 AVENUE OF THE AMERICAS
NEW YORK,NY10013 		N/A PC PROGRAM SUPPORT - CULINARY ARTS TRAINING PROGRAM AND MENTAL HEALTH SERVICES 320,715

THE DREAMYARD PROJECT

1085 WASHINGTON AVENUE
BRONX,NY10456 		N/A PC GENERAL OPERATING SUPPORT 76,924

THE FOSTERING CONNECTION

14-25 PLAZA ROAD SUITE N-27
FAIR LAWN,NJ07410 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 220,000

THE KNOWLEDGE HOUSE

363 RIDER AVENUE 3RD FLOOR
BRONX,NY10451 		N/A PC GENERAL OPERATING SUPPORT 150,000

THE MARCY LAB SCHOOL

882 3RD AVENUE 11TH FLOOR
BROOKLYN,NY11232 		N/A PC GENERAL OPERATING SUPPORT 200,000

THE NEW YORK FOUNDLING

590 AVENUE OF THE AMERICAS
NEW YORK,NY10011 		N/A PC PROGRAM SUPPORT - ROAD TO SUCCESS 334,285

THE NEW YORK TIMES NEEDIEST CASES FUND

PO BOX 5193
NEW YORK,NY10018 		N/A PC ENDOWMENT/GENERAL OPERATING SUPPORT 12,479

THE OPPORTUNITY NETWORK

85 BROAD STREET SIXTH FLOOR
NEW YORK,NY10004 		N/A PC GENERAL OPERATING SUPPORT 76,924

UNITED JEWISH APPEAL FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK

130 EAST 59TH STREET
NEW YORK,NY10022 		N/A PC ENDOWMENT/GENERAL OPERATING SUPPORT 12,479

UNIVERSITY SETTLEMENT SOCIETY OF NEW YORK

184 ELDRIDGE STREET
NEW YORK,NY10002 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 91,092

VNS HEALTH (VISITING NURSE SERVICE OF NEW YORK)

PO BOX 6445
NEW YORK,NY10249 		N/A PC ENDOWMENT/GENERAL OPERATING SUPPORT 12,479
Total .................................right arrow 3a 8,389,291
bApproved for future payment

AMERICAN INDIAN COLLEGE FUND
8333 GREENWOOD BOULEVARD
DENVER,CO80221 		N/A PC PROGRAM SUPPORT - NATIVE PATHWAYS PROGRAM 200,000

ARAB AMERICAN FAMILY SUPPORT CENTER
150 COURT STREET 3RD FLOOR
BROOKLYN,NY11201 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 333,333

BROOKLYN NAVY YARD
141 FLUSHING AVENUE UNIT 801
BROOKLYN,NY11205 		N/A PC PROGRAM SUPPORT - STEAM CENTER 100,000

CHANGE IMPACT
PO BOX 294
EAST ROCKAWAY,NY11518 		N/A NC PROGRAM SUPPORT - PEER LEARNING PROGRAM 100,000

CHILDREN'S AID SOCIETY
117 WEST 124TH STREET 5TH FLOOR
NEW YORK,NY10027 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 66,667

CODE NATION - NEW YORK
85 BROAD STREET 17TH FLOOR
NEW YORK,NY10004 		N/A PC GENERAL OPERATING SUPPORT 300,000

EXALT YOUTH
17 BATTERY PLACE SUITE 307
NEW YORK,NY10004 		N/A PC GENERAL OPERATING SUPPORT 300,000

FUND FOR THE CITY OF NEW YORK
121 AVENUE OF THE AMERICAS 6TH
FLOOR
NEW YORK,NY10013 		N/A PC COLLEGE ACCESS: RESEARCH & ACTION 196,004

FUND FOR THE CITY OF NEW YORK
121 AVENUE OF THE AMERICAS 6TH
FLOOR
NEW YORK,NY10013 		N/A PC THE CENTER FOR FAIR FUTURES 770,000

GREEN CITY FORCE
630 FLUSHING AVENUE 8TH FLOOR
BROOKLYN,NY11206 		N/A PC GENERAL OPERATING SUPPORT 333,333

HENRY STREET SETTLEMENT
265 HENRY STREET
NEW YORK,NY10002 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 100,000

HETRICK-MARTIN INSTITUTE
2 ASTOR PLACE
NEW YORK,NY10003 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 200,000

JEWISH HOME LIFECARE MANHATTAN
120 WEST 106TH STREET
NEW YORK,NY10025 		N/A PC PROGRAM SUPPORT - SKILLSPRING 300,000

LEGAL OUTREACH
36-14 35TH STREET
QUEENS,NY11106 		N/A PC GENERAL OPERATING SUPPORT 100,000

MENTOR NEWARK
60 PARK PLACE SUITE 601
NEWARK,NJ07102 		N/A PC PROGRAM SUPPORT - COLLEGE BRIDGE 213,577

MT SINAI ADOLESCENT HEALTH CENTER
320 EAST 94TH STREET
NEW YORK,NY10128 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 246,667

NEWARK OPPORTUNITY YOUTH NETWORK
60 PARK PLACE 14TH FLOOR
NEWARK,NJ07102 		N/A PC PROGRAM SUPPORT - BUILDING ECOSYSTEMS FOR OPPORTUNITY YOUTH. 300,000

NYC HEALTH HOSPITALS
50 WATER STREET 17TH FLOOR
NEW YORK,NY10004 		N/A PC PROGRAM SUPPORT - BEHAVIORAL HEALTH NURSING CAREER LADDER 372,000

ONEGOAL - NEW YORK
55 EXCHANGE PLACE SUITE 503
NEW YORK,NY10005 		N/A PC GENERAL OPERATING SUPPORT 75,000

REEL WORKS
540 PRESIDENT STREET SUITE 2F
BROOKLYN,NY11215 		N/A PC PROGRAM SUPPORT - MEDIAMKRS 50,000

RESEARCH FOUNDATION OF CUNY
230 WEST 41ST STREET
NEW YORK,NY10036 		N/A PC CUNY SCHOOL OF PROFESSIONAL STUDIES 250,000

RUTGERS UNIVERSITY FOUNDATION
335 GEORGE STREET
NEW BRUNSWICK,NJ08901 		N/A PC NEWARK CITY OF LEARNING COLLABORATIVE 273,460

THE DOOR - A CENTER OF ALTERNATIVES INC
121 AVENUE OF THE AMERICAS
NEW YORK,NY10013 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 400,000

THE FOSTERING CONNECTION
14-25 PLAZA ROAD SUITE N-27
FAIR LAWN,NJ07410 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 440,000

THE KNOWLEDGE HOUSE
363 RIDER AVENUE 3RD FLOOR
BRONX,NY10451 		N/A PC GENERAL OPERATING SUPPORT 300,000

THE MARCY LAB SCHOOL
882 3RD AVENUE 11TH FLOOR
BROOKLYN,NY11232 		N/A PC GENERAL OPERATING SUPPORT 200,000

THE NEW YORK FOUNDLING
590 AVENUE OF THE AMERICAS
NEW YORK,NY10011 		N/A PC PROGRAM SUPPORT - ROAD TO SUCCESS 333,333

THE OPPORTUNITY NETWORK
85 BROAD STREET 6TH FLOOR
NEW YORK,NY10004 		N/A PC GENERAL OPERATING SUPPORT 75,000

UNIVERSITY SETTLEMENT SOCIETY OF NEW YORK
184 ELDRIDGE STREET
NEW YORK,NY10002 		N/A PC PROGRAM SUPPORT - MENTAL HEALTH SERVICES 180,000
Total ................................. right arrow 3b 7,108,374
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 6,608  
4 Dividends and interest from securities ....     14 1,377,421  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 3,844,146  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 5,228,175 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,228,175
(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
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.
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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 (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
SOLON E SUMMERFIELD FOUNDATION INC
 
C/O INTENTIONAL PHILANTHROPY
EIN:
13-1797260
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FINANCIAL STATEMENT AUDIT 28,000 0   28,000
QUARTERLY FINANCIAL STATEMENT COMPILATIONS 14,500 0   14,500
TAX RETURN PREPARATION 9,986 0   9,986

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TY 2023 ExpenditureResponsibilityStmt
Name:
SOLON E SUMMERFIELD FOUNDATION INC
 
C/O INTENTIONAL PHILANTHROPY
EIN:
13-1797260
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
CHANGE IMPACT
  		PO BOX 294
EAST ROCKAWAY,NY11518 		2023-10-10 50,000 PROGRAM SUPPORT - PEER LEARNING PROGRAM 0 TO THE GRANTOR'S KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED FROM THE PURPOSE. PENDING   N/A

TY 2023 InvestmentsCorpBondsSchedule
Name:
SOLON E SUMMERFIELD FOUNDATION INC
 
C/O INTENTIONAL PHILANTHROPY
EIN:
13-1797260
Name of Bond End of Year Book Value End of Year Fair Market Value
AFRICAN DEVELOPMENT BANK, 4.750%, 03/06/2024 (Q0148RAF2) 450,000 QTY 348,244 307,635
AMAZON.COM INC, 3.800%, 12/05/2024 (023135AN6) 100,000 QTY 100,416 99,003
APPLE INC, 3.200%, 05/13/25 (037833BG4) 75,000 QTY 77,085 73,578
ARES CAPITAL CORP, 3.875%, 01/15/2026 (04010LAZ6) 310,000 QTY 314,464 298,318
ASTRAZENECA PLC, 3.125%, 06/12/2027 (046353AN8) 300,000 QTY 280,350 288,681
AT&T INC, 1.700%, 03/25/26 (00206RML3) 100,000 QTY 100,248 93,561
BANK OF AMERICA CORP, 1.319%, 06/19/2026 (06051GJD2) 75,000 QTY 74,511 70,630
BAT CAPITAL CORP, 3.222%, 08/15/2024 (05526DAZ8) 75,000 QTY 75,218 73,834
BLACKSTONE PRIVATE CREDIT FUND, 1.750%, 09/15/2024 (09261HAB3) 350,000 QTY 339,052 339,803
BROADCOM CORP / BROADCOM CAYMAN, 3.875%, 01/15/2027 (11134LAH2) 400,000 QTY 412,843 390,456
CATERPILLAR FINANCIAL SERVICES, 5.400%, 03/10/2025 (14913R3C9) 245,000 QTY 244,949 247,013
CENTENE CORP, 4.250%, 12/15/2027 (15135BAR2) 400,000 QTY 412,808 385,764
CVS HEALTH CORP, 1.300%, 08/21/2027 (126650DM9) 75,000 QTY 72,859 66,692
EUROPEAN INVESTMENT BANK REGS, 0.750%, 11/15/2024 (L32482BX5) 170,000 QTY 237,167 209,510
EUROPEAN INVESTMENT BANK REGS, 3.000%, 05/24/2024 (B3821SZE0) 1,390,000 QTY 358,663 350,058
EUROPEAN INVESTMENT BANK REGS, 4.250%, 06/19/2024 (L32482CT3) 12,000,000 QTY 555,689 687,000
EUROPEAN INVESTMENT BANK, 6.600%, 01/30/2025 (G315BBKA5) 4,000,000,000 QTY 270,836 255,547
FIFTH THIRD BANCORP, 3.950%, 03/14/2028 (316773CV0) 75,000 QTY 71,888 71,980
FISERV INC, 3.500%, 07/01/2029, (337738AU2) 75,000 QTY 75,213 70,683
FORD MOTOR CO, 4.346%, 12/08/2026 (345370CR9) 105,000 QTY 105,229 102,398
GENERAL MOTORS FINANCIAL CO INC, 5.400%, 04/06/2026 (37045XEF9) 150,000 QTY 149,808 150,995
GILEAD SCIENCES INC, 2.950%, 03/01/2027 (375558BM4) 100,000 QTY 100,216 95,307
GLOBAL PAYMENTS INC, 1.200%, 03/01/2026 (37940XAE2) 100,000 QTY 98,351 91,902
INTER-AMERICAN DEVELOPMENT, 5.000%, 02/12/2024 (U4582NKB9) 28,000,000 QTY 349,024 335,702
JOHN DEERE CAPITAL CORP, 5.150%, 09/08/2026 (24422EXD6) 400,000 QTY 398,508 407,624
JPMORGAN CHASE & CO, 3.540%, 05/01/2028 (46647PAF3) 100,000 QTY 98,012 95,641
KEURIG DR PEPPER INC, 3.950%, 04/15/2029 (49271VAP5) 75,000 QTY 70,394 73,201
KRAFT HEINZ FOODS CO, 3.875%, 05/15/2027 (50077LBC9) 100,000 QTY 98,762 98,176
KREDITANSTALT FUER WIEDERAUFBAU, 1.250%, 01/31/2025 (500769JR6) 385,000 QTY 383,452 370,867
LAM RESEARCH CORP, 4.000%, 03/15/2029 (512807AU2) 75,000 QTY 72,621 74,148
MARATHON OIL CORP, 4.400% 07/15/2027 (565849AP1) 400,000 QTY 378,492 390,484
MARSH & MCLENNAN COS INC, 3.875%, 03/15/2024 (571748BF8) 75,000 QTY 75,484 74,727
MPLX LP, 4.125%, 03/01/2027 (55336VAK6) 100,000 QTY 98,538 98,003
OMEGA HEALTHCARE INVESTORS INC, 5.250%, 01/15/2026 (681936BH2) 355,000 QTY 376,414 353,598
ORACLE CORP, 3.400%, 07/08/2024 (68389XAU9) 75,000 QTY 75,916 74,186
ORACLE CORP, 4.500%, 05/06/2028 (68389XCM5) 450,000 QTY 430,065 449,798
OTIS WORLDWIDE CORP, 2.056%, 04/05/25 (68902VAH0) 100,000 QTY 101,060 96,257
PFIZER INC, 3.000%, 12/15/2026 (717081EA7) 100,000 QTY 105,344 96,443
PROVINCE OF ONTARIO CANADA, 2.400%, 06/02/2026 (68323ADM3) 100,000 QTY 78,025 73,222
SHIRE ACQUISITIONS INVESTMENTS, 3.200%, 09/23/2026 (82481LAD1) 100,000 QTY 104,816 96,140
T-MOBILE USA INC, 3.750%, 04/15/2027 (87264ABD6) 100,000 QTY 96,054 97,007
UNION PACIFIC CORP, 3.950%, 09/10/2028 (907818EY0) 75,000 QTY 78,718 74,474
VERIZON COMMUNICATIONS INC, 4.125%, 03/16/2027 (92343VDY7) 75,000 QTY 74,179 73,908
WELLS FARGO & CO, 3.300%, 09/09/2024 (94974BGA2) 100,000 QTY 101,133 98,784

TY 2023 InvestmentsCorpStockSchedule
Name:
SOLON E SUMMERFIELD FOUNDATION INC
 
C/O INTENTIONAL PHILANTHROPY
EIN:
13-1797260
Name of Stock End of Year Book Value End of Year Fair Market Value
ACCENTURE PLC IRELAND CL A (ACN) 3,000.000 SHARES 81,641 1,052,730
ALLSTATE CORP (ALL) 2,803.000 SHARES 3,257 392,364
ALPHABET INC CL A (GOOGL) 10,000.000 SHARES 113,027 1,396,900
ALPHABET INC CL C (GOOG) 10,020.000 SHARES 112,574 1,412,119
AMAZON COM INC (AMZN) 12,000.000 SHARES 102,306 1,823,280
AMGEN INC (AMGN) 2,200.000 SHARES 589,269 633,644
APPLE INC (AAPL) 36,400.000 SHARES 413,574 7,008,092
ARM HOLDINGS PLC ADR (ARM) 3,000.000 SHARES 164,583 225,435
BERKSHIRE HATHAWAY A(HLDG CO) (BRK'A) 12.000 SHARES 11,238 6,511,500
BLACKSTONE GROUP INC (BX) 3,000.000 SHARES 99,615 392,760
CATERPILLAR INC (CAT) 8,547.000 SHARES 5,060 2,527,091
COCA COLA CO (KO) 20,000.000 SHARES 456,724 1,178,600
COSTCO WHOLESALE CORP NEW (COST) 1,200.000 SHARES 640,813 792,096
CSX CORP (CSX) 46,407.000 SHARES 9,668 1,608,931
DUKE ENERGY CORPORATION (DUK) 5,317.000 SHARES 220,692 515,962
ELI LILLY & CO (LLY) 1,300.000 SHARES 524,218 757,796
HOME DEPOT INC (HD) 9,400.000 SHARES 279,682 3,257,570
HONEYWELL INTERNATIONAL INC (HON) 2,200.000 SHARES 95,376 461,362
JPMORGAN CHASE & CO (JPM) 2,000.000 SHARES 175,127 340,200
META PLATFORMS INC CL A (META) 2,500.000 SHARES 706,842 884,900
MICROSOFT CORP (MSFT) 29,530.000 SHARES 771,663 11,104,461
MONDELEZ INTL INC COM (MDLZ) 7,500.000 SHARES 122,204 543,225
NEXTERA ENERGY INC (NEE) 33,720.000 SHARES 271,986 2,048,153
NVIDIA CORPORATION (NVDA) 1,700.000 SHARES 729,448 841,874
ORACLE CORP (ORCL) 11,000.000 SHARES 229,212 1,159,730
PROCTER & GAMBLE (PG) 5,000.000 SHARES 166,972 732,700
TESLA INC (TSLA) 3,000.000 SHARES 3,400 745,440
UNION PACIFIC CORP (UNP) 12,179.000 SHARES 6,985 2,991,406

TY 2023 InvestmentsGovtObligationsSch
Name:
SOLON E SUMMERFIELD FOUNDATION INC
 
C/O INTENTIONAL PHILANTHROPY
EIN:
13-1797260
US Government Securities - End of Year Book Value:

6,515,663
US Government Securities - End of Year Fair Market Value:

6,334,600
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
SOLON E SUMMERFIELD FOUNDATION INC
 
C/O INTENTIONAL PHILANTHROPY
EIN:
13-1797260
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACL ALTERNATIVE FUND SAC LIMITED AT COST 1,067,751 1,565,004
AUSTRALIA GOVERNMENT BOND REGS, 2.250%, 05/21/2028 (Q08184MW2) 105,000 QTY AT COST 79,575 67,832
BRIDGE WORKFORCE AND AFFORDABLE HOUSING FUND II-R, LP AT COST 378,600 319,275
CVI CLEAN ENERGY FUND C II LP AT COST 225,000 234,041
HEDGEPREMIER/MILLENNIUM INTERNATIONAL LTD. AT COST 777,438 2,243,328
IRELAND GOVERNMENT BOND REGS, 1.350%, 03/18/2031 (G4R49GAN3) 125,000 QTY AT COST 133,892 130,133
ISHARES CORE S&P SMALL CAP E (IJR) 22,940.000 SHARES AT COST 494,065 2,483,255
ISHARES RUSSELL 2000 GRWTH ETF (IWO) 750.000 SHARES AT COST 132,514 189,165
ISHARES S&P MIDCAP 400 INDEX (IJH) 20,000.000 SHARES AT COST 1,349,877 5,543,000
IT BUONI POLIENNALI DEL TESORO, 3.450%, 03/01/2048 (T6052BNB0) 150,000 QTY AT COST 217,612 148,705
IT BUONI POLIENNALI DEL TESORO, 3.500%, 03/01/2030 (T6247AP42) 130,000 QTY AT COST 161,093 146,667
MACQUARIE ENERGY SOLUTIONS FUND, LLC AT COST 137,500 138,408
MEXICAN BONOS, 7.750%, 11/23/2034 (P4R07XEY8) 40,000 QTY AT COST 197,742 216,200
NETHERLANDS GOVERNMENT BOND, 2.500%, 01/15/2033 (N0266ZBB1) 90,000 QTY AT COST 97,439 101,359
NORWAY GOVERNMENT BOND, 1.500%, 02/19/2026 (R34155AU6) 1,400,000 QTY AT COST 164,565 132,586
RENAISSANCE INSTITUTIONAL EQUITIES FUND LLC AT COST 1,069,582 1,660,934
REPUBLIC OF AUSTRIA GOV BOND REG, 1.200%, 10/20/2025 (A0654UAF8) 140,000 QTY AT COST 164,543 151,534
SINGAPORE GOVERNMENT BOND, 3.000%, 09/01/2024 (Y7996FQS2) 400,000 QTY AT COST 291,420 301,805
SPAIN GOVERNMENT BOND, 1.450%, 04/30/2029 (E8922AHG8) 95,000 QTY AT COST 109,754 99,361

TY 2023 LegalFeesSchedule
Name:
SOLON E SUMMERFIELD FOUNDATION INC
 
C/O INTENTIONAL PHILANTHROPY
EIN:
13-1797260
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL AND ADMINISTRATIVE LEGAL COUNSEL 13,020 0   13,020


TY 2023 OtherExpensesSchedule
Name:
SOLON E SUMMERFIELD FOUNDATION INC
 
C/O INTENTIONAL PHILANTHROPY
EIN:
13-1797260
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FILING FEES 1,500 0   1,500
INSURANCE EXPENSE 3,538 0   3,538
OFFICE AND OTHER EXPENSES 17,019 0   17,019
OTHER DEDUCTIONS THRU SCHEDULE K-1S 0 64,108   0
OTHER INVESTMENT EXPENSES 2,443 2,443   0


TY 2023 OtherIncomeSchedule2
Name:
SOLON E SUMMERFIELD FOUNDATION INC
 
C/O INTENTIONAL PHILANTHROPY
EIN:
13-1797260
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME THRU SCHEDULE K-1S   1,525  


TY 2023 OtherIncreasesSchedule
Name:
SOLON E SUMMERFIELD FOUNDATION INC
 
C/O INTENTIONAL PHILANTHROPY
EIN:
13-1797260
Description Amount
REALIZED GAIN FROM DONATION OF INVESTMENTS TO GRANTEES 4,403,603


TY 2023 OtherProfessionalFeesSchedule
Name:
SOLON E SUMMERFIELD FOUNDATION INC
 
C/O INTENTIONAL PHILANTHROPY
EIN:
13-1797260
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BOARD RETREAT AND GRANTMAKING EVALUATION CONSULTANTS 33,085 0   33,085
FOUNDATION ADMINISTRATION AND GRANTS MANAGEMENT 575,165 0   575,165
INVESTMENT MANAGEMENT AND ADVISORY 449,509 449,509   0


TY 2023 TaxesSchedule
Name:
SOLON E SUMMERFIELD FOUNDATION INC
 
C/O INTENTIONAL PHILANTHROPY
EIN:
13-1797260
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX PAID 20,000 0   0
FOREIGN TAXES WITHHELD 3,735 3,735   0
FOREIGN TAXES WITHHELD THRU SCHEDULE K-1S 0 1,845   0