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
FANNIE E RIPPEL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)14 MAPLE AVENUE 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MORRISTOWN, NJ079605451
A Employer identification number

22-1559427
B Telephone number (see instructions)

(973) 540-0101
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$85,327,309J 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) 63,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 9 9 9
4 Dividends and interest from securities... 722,192 1,123,887 1,123,887
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -2,395,237
b Gross sales price for all assets on line 6a 21,791,401
7 Capital gain net income (from Part IV, line 2)... 1,171,305
8 Net short-term capital gain......... 377,448
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
330,775 297,089 627,864
12 Total. Add lines 1 through 11........ -1,279,261 2,592,290 2,129,208
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 575,961 6,487 6,487 539,615
14 Other employee salaries and wages...... 3,143,873 0 0 2,965,205
15 Pension plans, employee benefits....... 924,978 1,256 1,256 962,560
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
4,703 0 0 5,338
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
50,700 0 0 49,700
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,581,385 528,440 528,440 1,107,430
17 Interest...............   55,870 55,870  
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
20,569 48,150 48,150 31,000
19 Depreciation (attach schedule) and depletion... 13,512 0 0
20 Occupancy.............. 153,491 0 0 145,723
21 Travel, conferences, and meetings....... 280,420 2,804 2,804 277,146
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
424,017 501,503 501,503 426,490
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,173,609 1,144,510 1,144,510 6,510,207
25 Contributions, gifts, grants paid....... 269,700 247,200
26 Total expenses and disbursements. Add lines 24 and 25 7,443,309 1,144,510 1,144,510 6,757,407
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -8,722,570
b Net investment income (if negative, enter -0-) 1,447,780
c Adjusted net income (if negative, enter -0-)... 984,698
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............. 1,190,170 1,220,057 1,220,057
2 Savings and temporary cash investments......... 1,793,460 3,554,008 3,554,008
3 Accounts receivable right arrow49,000
Less: allowance for doubtful accounts right arrow     49,000 49,000
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable................. 2,199,322 828,157 828,157
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.......... 36,583 43,694 43,694
10a Investments—U.S. and state government obligations (attach schedule) 3,518,585 Click to see attachment
List of Attached Documents:
// Content
1,569,958 		1,569,958
b Investments—corporate stock (attach schedule)....... 12,481,358 Click to see attachment
List of Attached Documents:
// Content
13,682,361 		13,682,361
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 61,770,184 Click to see attachment
List of Attached Documents:
// Content
61,932,060 		61,932,060
14 Land, buildings, and equipment: basis right arrow885,342
Less: accumulated depreciation (attach schedule) right arrow864,587 34,267 Click to see attachment
List of Attached Documents:
// Content
20,755 		20,755
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,091,185 		Click to see attachment
List of Attached Documents:
// Content
2,427,259 		Click to see attachment
List of Attached Documents:
// Content
2,427,259
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 84,115,114 85,327,309 85,327,309
Liabilities 17 Accounts payable and accrued expenses.......... 795,102 841,785
18 Grants payable.................   22,500
19 Deferred revenue.................   82,500
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
989,842 		Click to see attachment
List of Attached Documents:
// Content
2,728,600
23 Total liabilities (add lines 17 through 22)......... 1,784,944 3,675,385
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........... 80,186,992 80,823,767
25 Net assets with donor restrictions............ 2,143,178 828,157
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)..... 82,330,170 81,651,924
30 Total liabilities and net assets/fund balances (see instructions). 84,115,114 85,327,309
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
82,330,170
2
Enter amount from Part I, line 27a .....................
2
-8,722,570
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
8,132,785
4
Add lines 1, 2, and 3 ..........................
4
81,740,385
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
88,461
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
81,651,924
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 P    
b ECHO STREET GOODCO SELECT II, LP P    
c GQG PARTNERS INTERNATIONAL EQUITY FUND P    
d INDIA ACORN FUND (CAYMAN) LTD P    
e CORNWALL OFFSHORE LTD P    
LIGHTHOUSE INDIA FUND III, LTD P    
COLCHIS P2P INCOME FUND P    
ORCHARD LIQUID CREDIT FUND P    
YORK EUROPEAN DISTRESSED CREDIT FUND P    
GLOUSTON PRIVATE EQUITY OPPORTUNITIES III P    
WARBURG PINCUS GLOBAL GROWTH (E&P) - 2, LP P    
WARBURG PINCUS PRIVATE EQUITY (E&P) XII (B), LP P    
AIR U.S. LIFE FUND IV, LP P    
AIR U.S. LIFE FUND IV, LP P    
FUNDSMITH EQUITY FUND, LP P    
FUNDSMITH EQUITY FUND, LP P    
GQG PARTNERS INTERNATIONAL EQUITY FUND P    
GAP VI PARALLEL PARTNERS, LP P    
MGG SF EVERGREEN UNLEVERED FUND P    
NEW GENERATION TURNAROUND FUND P    
DALTON INVESTMENTS TRUST-SERIES B P    
DALTON INVESTMENTS TRUST-SERIES B P    
ECHO STREET GOODCO SELECT II, LP P    
FORESITE CAPITAL FUND V, LP P    
FORESITE CAPITAL FUND VI, LP P    
FORESITE CAPITAL OPPORTUNITY FUND V, LP P    
THE OVERLOOK PARTNERS FUND, LP P    
THE OVERLOOK PARTNERS FUND, LP P    
WARBURG PINCUS GLOBAL GROWTH, LP P    
WARBURG PINCUS GLOBAL GROWTH, LP P    
WARBURG PINCUS PRIVATE EQUITY (E&P) XII (B), LP P    
WARBURG PINCUS PRIVATE EQUITY XII L.P. P    
OWLS NEST PARTNERS LONG ONLY FUND, LP P    
OWLS NEST PARTNERS LONG ONLY FUND, LP P    
INNOVATION ENDEAVORS IV, LP P    
MAREN CAPITAL MAREN FUND LP P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 21,791,401   21,571,615 219,786
b       414,718
c       -24,460
d       284,285
e       -5,546
      110,511
      14,031
      -25,627
      -622,542
      -495,277
      325
      1,263
      997
      75,936
      -7,425
      -36,254
      91,146
      -82,619
      18,069
      6,602
      -28,043
      15,550
      1,240,465
      2,726
      170
      3,102
      4,746
      -51,336
      72
      -10,133
      -886
      316,586
      -274,090
      13,630
      -200
      1,027
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       219,786
b       414,718
c       -24,460
d       284,285
e       -5,546
      110,511
      14,031
      -25,627
      -622,542
      -495,277
      325
      1,263
      997
      75,936
      -7,425
      -36,254
      91,146
      -82,619
      18,069
      6,602
      -28,043
      15,550
      1,240,465
      2,726
      170
      3,102
      4,746
      -51,336
      72
      -10,133
      -886
      316,586
      -274,090
      13,630
      -200
      1,027
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 1,171,305
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 3 377,448
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 20,124
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 20,124
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 20,124
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 46,042
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 51,042
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 30,918
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow30,918 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNJ, MA, MO, CO, NY, NH, DE, CA, GA, TX, LA, DC, MI
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
Yes
 
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 arrowWWW.RIPPELFOUNDATION.ORG
14
The books are in care ofright arrowTHE FOUNDATION Telephone no.right arrow (973) 540-0101

Located atright arrow14 MAPLE AVENUE SUITE 200MORRISTOWNNJ ZIP+4right arrow079605451
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)
 
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
EDWARD AHART TRUSTEE/CHAIRMAN OF BOARD
6.00 		6,000 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
DAVID SURRENDA TRUSTEE/SECRETARY
1.50 		6,000 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
CAROLYN BROOKS AS OF 11123 TRUSTEE
1.50 		0 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
ANU GUPTA AS OF 7123 TRUSTEE
1.50 		3,000 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
ELLIOTT FISHER TRUSTEE
1.50 		6,000 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
JAMES SONNEBORN TRUSTEE
1.50 		6,000 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
MICHAEL HARRIS TRUSTEE
1.50 		6,000 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
LYDIA NADEAU TRUSTEE
1.50 		6,000 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
REBECCA PAYNE PRESIDENT/CEO
40.00 		324,365 48,279 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
AUDREY WELLS TREASURER
40.00 		212,596 33,751 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
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
LAURA LANDY PRES EMERITA, SR FEL
40.00 		380,233 99,262 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
ROBERT MILSTEIN DIRECTOR, SYSTEM STR
40.00 		254,612 39,233 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
TERESA WADE DIRECTOR, COMMS & IN
40.00 		187,092 40,025 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
ALAN LIEBER COO & CHIEF HEALTHCA
40.00 		169,186 44,131 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
JANE ERICKSON DIRECTOR, LEARNING &
40.00 		161,184 17,879 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
Total number of other employees paid over $50,000...................right arrow 18
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
THE COLONY GROUP INVESTMENT ADVISOR 408,156
570 LEXINGTON AVENUE 5TH FLOOR
NEW YORK,NY10022
SJK CONSULTING LLC IT CONSULTANT 153,120
4115 HOOVER LANE
WHARTON,NJ07885
SHATTERPROOF AGENCY LLC COMMUNICATIONS CONSULTANT 124,498
PO BOX 703254
DALLAS,TX75370
ANAT GERSTEIN INC COMMUNICATIONS CONSULTANT 121,700
29 WEST 38TH STREET 14TH FLOOR
NEW YORK,NY10018
THIRD PLATEAU SOCIAL IMPACT STRATEGIES ORGANIZATIONAL DEVELOPMENT CONSULTANT 120,000
127 UNIVERSITY AVENUE
BERKELEY,CA94710
Total number of others receiving over $50,000 for professional services.............right arrow8
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 RIPPEL'S KEY INITIATIVE, RETHINK HEALTH, WORKS WITH STEWARDS ON THE GROUND IN ORGANIZATIONS AND COMMUNITIES LOCALLY, STATEWIDE, REGIONALLY, AND NATIONALLY TO HELP THEM THINK ABOUT AND IMPLEMENT NEW WAYS TO IMPROVE POPULATION HEALTH AND WELL-BEING TO HAVE AN IMPACT THAT GOES BEYOND BUSINESS AS USUAL. RETHINK HEALTH PROVIDES REAL-WORLD TOOLS, FRAMEWORKS, AND EXPERTISE THAT HELP INDIVIDUALS, ORGANIZATIONS, AND COMMUNITIES CONSIDER HOW TO MAKE TRANSFORMATIVE, LASTING CHANGE AND SHIFT INVESTMENTS IN MEANINGFUL WAYS THAT SUPPORT THRIVING POPULATIONS. SERVICES OFFERED INCLUDE FREE RESOURCES, MULTI-YEAR PARTNERSHIP ARRANGEMENTS, AND AN ALUMNI NETWORK FOR THOSE ALREADY FAMILIAR WITH RETHINK HEALTH'S APPROACHES WHO WANT TO DEEPEN THEIR KNOWLEDGE AND HAVE OPPORTUNITIES TO LEARN WITH PEERS. ALL OF RETHINK HEALTH'S GUIDANCE AND SUPPORT IS TAILORED TO SUPPORT LOCAL NEEDS AND CONDITIONS. 5,946,799
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
81,059,734
b
Average of monthly cash balances.......................
1b
1,421,005
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
82,480,739
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
82,480,739
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,237,211
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
81,243,528
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,062,176
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
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
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
 
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
6,757,407
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
6,757,407
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  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
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.....  
e Remaining amount distributed out of corpus  
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  
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 .......... 		 
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) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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
2020-01-10
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
984,698 0 0 209,896 1,194,594
b 85% (0.85) of line 2a ......... 836,993 0 0 178,412 1,015,405
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		6,757,407 6,349,221 5,926,119 6,366,509 25,399,256
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		247,200 344,700 209,300 357,700 1,158,900
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		6,510,207 6,004,521 5,716,819 6,008,809 24,240,356
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		2,708,117 2,918,181 3,179,794 2,683,876 11,489,968
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) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
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

SPECTRUM DESIGNS FOUNDATION

382 MAIN STREET PORT WASHINGTON
NEW YORK,NY11050 		N/A PC TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE. 500

PHILANTHROPY NEW YORK

320 E 43RD ST
NEW YORK,NY10017 		N/A PC TO SUPPORT THE ORGANIZATION RECOGNIZED AS THE VOICE FOR PHILANTHROPY IN NEW YORK 50

NORTH SHORE ANIMAL LEAGUE AMERICA INC

16 LEWYT STREET
PORT WASHINGTON,NY11050 		N/A PC TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE. 1,500

COMMUNITY FOUNDATION OF NJ

PO BOX 338
MORRISTOWN,NJ079630338 		N/A PC TO SPONSOR THE ORGANIZATION'S MENTAL HEALTH FIRST AID PROJECT IN MORRIS COUNTY. 25,000

NATIONAL ACADEMY OF SCIENCES

NAS-NRC PROGRAMS PO BOX 931003
ATLANTA,GA311931003 		N/A PC TO SPONSOR THE ROUNDTABLE ON POPULATION HEALTH IMPROVEMENT, WHICH IS ONE OF THE MOST EFFECTIVE ELEMENTS IN INFLUENCING AGENDA NATIONWIDE. 50,000

GRANTMAKERS IN HEALTH

100 CONNECTICUT AVE NW SUITE 1200
WASHINGTON,DC20036 		N/A PC TO SUPPORT FOUNDATIONS STAYING CONNECTED THROUGH GIH'S FUNDING PARTNER CONSTITUENCY TO COORDINATE EFFORTS TO IMPROVE HEALTH 6,150

COUNCIL OF FOUNDATIONS

PO BOX 715674
PHILADELPHIA,PA191715674 		N/A PC TO SUPPORT THE ORGANIZATION IN ENSURING THAT PHILANTHROPY IS A TRUSTED PARTNER IN ADVANCING THE GREATER GOOD. 6,500

HABILITATIVE SYSTEMS

415 KILPATRICK AVE
CHICAGO,IL606444958 		N/A PC TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE. 22,500

PLANNED PARENTHOOD

196 SPEEDWELL AVE
MORRISTOWN,NJ079602934 		N/A PC TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE. 22,500

NJ FUTURE

PO BOX 2485 TRENTON NJ 08607
TRENTON,NJ08607 		N/A PC TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE. 22,500

YWCA BUCKS COUNTY

2425 TREVOSE ROAD
TREVOSE,PA190536526 		N/A PC TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE. 22,500

FOUNDATION FOR MORRISTOWN MEDICAL CENTER

475 SOUTH STREET FIRST FLOOR
MORRISTOWN,NJ07960 		N/A PC TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE. 22,500

NORWESCAP

350 MARSHALL STREET
PHILLIPSBURG,NJ08865 		N/A PC TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE. 22,500

HEALTHIER DEMOCRACY

88 AMES STREET APT 2209
CAMBRIDGE,MA02142 		N/A PC TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE. 22,500
Total .................................right arrow 3a 247,200
bApproved for future payment

ZUFALL HEALTH
4 ATNO AVENUE
MORRISTOWN,NJ07960 		N/A PC TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE. 22,500
Total ................................. right arrow 3b 22,500
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
aCONTRACT INCOME     01   330,775
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 9  
4 Dividends and interest from securities ....     14 722,192  
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 -2,395,237  
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 -1,673,036 330,775
13Total. Add line 12, columns (b), (d), and (e)..................
13
-1,342,261
(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.)
1A THE CONTRACT INCOME IN PART XVI-A IS DERIVED FROM A VARIETY OF ENGAGEMENTS WHERE THE FOUNDATION PROVIDES SERVICES TO OTHER FOUNDATIONS, FOUNDATION-FUNDED INITIATIVES, NATIONAL, STATE OR REGIONAL COLLABORATIVES, HOSPITAL SYSTEMS, ACADEMIC INSTITUTIONS, OR OTHER HEALTH AND WELL-BEING-RELATED ORGANIZATIONS. THESE SERVICES INCLUDE RESEARCH, ANALYSIS, ADVISING, COACHING, MENTORING, MEETING FACILITATION, EDUCATIONAL WORKSHOPS, SCENARIO MODELING, AND TRAINING. EACH ENGAGEMENT IS DESIGNED TO SUPPORT THESE GROUPS IN PURSUING SYSTEMWIDE, TRANSFORMATIVE CHANGES IN HEALTHCARE AND WELL-BEING.
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.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


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

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
FANNIE E RIPPEL FOUNDATION
 
Employer identification number

22-1559427
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
FANNIE E RIPPEL FOUNDATION
  		Employer identification number
22-1559427
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
GROWTH PHILANTHROPY NETWORK
 
1345 AVENUE OF THE AMERICAS 33RD FL
 
NEW YORK, NY10105

$ 50,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
FANNIE E RIPPEL FOUNDATION
  		Employer identification number

22-1559427
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
FANNIE E RIPPEL FOUNDATION
  		Employer identification number

22-1559427
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT AND TAX PREPARATION 50,700 0 0 49,700

TY 2023 InvestmentsCorpStockSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 1,591.0000 SHARES 175,121 175,121
ACCENTURE PLC 585.0000 SHARES 205,282 205,282
ADOBE INC 537.0000 SHARES 320,374 320,374
AERCAP HOLDINGS NV 2,878.0000 SHARES 213,893 213,893
AIRBNB INC 1,456.0000 SHARES 198,220 198,220
ALIGN TECHNOLOGY INC 171.0000 SHARES 46,854 46,854
ALPHABET INC 1,036.0000 SHARES 144,719 144,719
ALPHABET INC 1,520.0000 SHARES 214,214 214,214
ALPHABET INC 2,606.0000 SHARES 367,264 367,264
AMAZON.COM INC 1,295.0000 SHARES 196,762 196,762
AMAZON.COM INC 5,164.0000 SHARES 784,618 784,618
APTIV PLC 1,210.0000 SHARES 108,561 108,561
AUTODESK INC 665.0000 SHARES 161,914 161,914
AVANTOR INC 7,200.0000 SHARES 164,376 164,376
AXALTA COATING SYSTEMS LTD 4,800.0000 SHARES 163,056 163,056
BAKER HUGHES CO 4,266.0000 SHARES 145,812 145,812
BALL CORP 3,125.0000 SHARES 179,750 179,750
BANK OF AMERICA CORP 8,100.0000 SHARES 272,727 272,727
BAXTER INTERNATIONAL INC 7,100.0000 SHARES 274,486 274,486
BERKSHIRE HATHAWAY INC 725.0000 SHARES 258,579 258,579
CARTER'S INC 3,000.0000 SHARES 224,670 224,670
CATALENT INC 2,000.0000 SHARES 89,860 89,860
CLARIVATE PLC 14,616.0000 SHARES 135,344 135,344
CORNING INC 8,975.0000 SHARES 273,289 273,289
DANAHER CORP 857.0000 SHARES 198,258 198,258
DEVON ENERGY CORP 2,500.0000 SHARES 113,250 113,250
ELANCO ANIMAL HEALTH INC 18,300.0000 SHARES 272,670 272,670
ELI LILLY & CO 85.0000 SHARES 49,548 49,548
ENTEGRIS INC 1,537.0000 SHARES 184,163 184,163
EQUINIX INC 118.0000 SHARES 95,036 95,036
FERGUSON PLC 933.0000 SHARES 180,134 180,134
GARTNER INC 268.0000 SHARES 120,897 120,897
GENERAL MOTORS CO 4,500.0000 SHARES 161,640 161,640
GRAPHIC PACKAGING HOLDING CO 11,100.0000 SHARES 273,615 273,615
INFINERA CORP 17,198.0000 SHARES 81,691 81,691
INTERNATIONAL FLAVORS & FRAGRA 1,200.0000 SHARES 97,164 97,164
INTUIT INC 239.0000 SHARES 149,382 149,382
IQVIA HOLDINGS INC 733.0000 SHARES 169,602 169,602
LIONS GATE ENTERTAINMENT CORP 26,700.0000 SHARES 272,073 272,073
LIVENT CORP 4,400.0000 SHARES 79,112 79,112
MARTIN MARIETTA MATERIALS INC 330.0000 SHARES 164,640 164,640
MASTERCARD INC 589.0000 SHARES 251,214 251,214
MICRON TECHNOLOGY INC 3,225.0000 SHARES 275,222 275,222
MICROSOFT CORP 1,309.0000 SHARES 492,236 492,236
MICROSOFT CORP 582.0000 SHARES 218,855 218,855
MOHAWK INDUSTRIES INC 2,125.0000 SHARES 219,938 219,938
NETFLIX INC 551.0000 SHARES 268,271 268,271
NIKE INC 813.0000 SHARES 88,267 88,267
NOVO NORDISK A/S ADR 1,044.0000 SHARES 108,002 108,002
PALO ALTO NETWORKS INC 367.0000 SHARES 108,221 108,221
PAYPAL HOLDINGS INC 2,653.0000 SHARES 162,921 162,921
PAYPAL HOLDINGS INC 2,932.0000 SHARES 180,054 180,054
PROGRESSIVE CORP/THE 972.0000 SHARES 154,820 154,820
REGIONS FINANCIAL CORP 3,600.0000 SHARES 69,768 69,768
SALESFORCE INC 1,021.0000 SHARES 268,666 268,666
SENSATA TECHNOLOGIES HOLDING P 7,300.0000 SHARES 274,261 274,261
SERVICENOW INC 517.0000 SHARES 365,255 365,255
SHERWIN-WILLIAMS CO/THE 617.0000 SHARES 192,442 192,442
SS&C TECHNOLOGIES HOLDINGS INC 4,500.0000 SHARES 274,995 274,995
THERMO FISHER SCIENTIFIC INC 256.0000 SHARES 135,882 135,882
T-MOBILE US INC 814.0000 SHARES 130,509 130,509
TOPGOLF CALLAWAY BRANDS CORP 17,000.0000 SHARES 243,780 243,780
UNITEDHEALTH GROUP INC 329.0000 SHARES 173,209 173,209
URBAN OUTFITTERS INC 1,700.0000 SHARES 60,673 60,673
VISA INC 916.0000 SHARES 238,481 238,481
WALT DISNEY CO/THE 2,400.0000 SHARES 216,696 216,696
WORKDAY INC 435.0000 SHARES 120,086 120,086
ZIMMER BIOMET HOLDINGS INC 2,240.0000 SHARES 272,608 272,608
ZOETIS INC 681.0000 SHARES 134,409 134,409

TY 2023 InvestmentsGovtObligationsSch
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
US Government Securities - End of Year Book Value:

1,569,958
US Government Securities - End of Year Fair Market Value:

1,569,958
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:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AIR US LIFE FUND IV, LP FMV 1,846,090 1,846,090
ASM CONNAUGHT HOUSE FUND III/ARGYLE FMV 1,912,233 1,912,233
BOND CAPITAL FUND L.P. FMV 1,363,886 1,363,886
BOND II, LP FMV 984,126 984,126
BOND III, LP FMV 141,646 141,646
COLCHIS INCOME FUND, LTD FMV 209,970 209,970
DALTON INVESTMENT TRUST SERIES B FMV 2,946,225 2,946,225
DG VALUE PARTNERS OFFSHORE FUND FMV 2,029,843 2,029,843
FHLMC MULTICLASS MTG VAR RT 06/25/2052 238,713.9021 SHARES FMV 235,050 235,050
FNMA GTD REMIC P/T 2.500% 04/25/2050 136,000.0000 SHARES FMV 93,768 93,768
FNMA GTD REMIC P/T 2.500% 09/25/2051 116,000.0000 SHARES FMV 78,346 78,346
FNMA GTD REMIC P/T 3.000% 03/25/2043 77,212.7386 SHARES FMV 62,545 62,545
FNMA GTD REMIC P/T 4.000% 09/25/2052 234,140.6539 SHARES FMV 204,419 204,419
FORESITE CAPITAL FUND V, LP FMV 501,431 501,431
FORESITE CAPITAL FUND VI, LP FMV 129,461 129,461
FORESITE CAPITAL OPPORTUNITY FUND V, LP FMV 121,432 121,432
FUNDSMITH EQUITY FUND, LP FMV 3,278,126 3,278,126
GAP VI PARALLEL PARTNERS, LP FMV 40,022 40,022
GNMA GTD REMIC P/T 2.500% 09/20/2051 200,373.5000 SHARES FMV 125,009 125,009
GNMA GTD REMIC P/T 3.500% 04/20/2052 57,584.8170 SHARES FMV 46,055 46,055
GNMA GTD REMIC P/T 4.000% 03/20/2047 240,925.2590 SHARES FMV 209,766 209,766
GNMA GTD REMIC P/T 4.000% 07/20/2052 240,000.0000 SHARES FMV 213,278 213,278
GNMA GTD REMIC P/T 4.000% 09/20/2052 178,000.0000 SHARES FMV 158,488 158,488
GNMA GTD REMIC P/T 4.500% 04/20/2053 75,000.0000 SHARES FMV 70,915 70,915
GNMA GTD REMIC P/T 4.500% 09/20/2052 211,000.0000 SHARES FMV 201,216 201,216
GNMA GTD REMIC P/T 4.750% 02/20/2053 195,575.6308 SHARES FMV 186,446 186,446
GNMA GTD REMIC P/T 5.000% 01/20/2053 167,488.0352 SHARES FMV 165,497 165,497
GNMA GTD REMIC P/T 5.000% 07/20/2053 101,079.7591 SHARES FMV 97,823 97,823
GNMA GTD REMIC P/T 5.500% 07/20/2053 129,000.0000 SHARES FMV 133,404 133,404
GNMA GTD REMIC P/T VAR RT 01/20/2052 173,288.1290 SHARES FMV 161,092 161,092
GNMA GTD REMIC P/T VAR RT 01/20/2052 367,682.0001 SHARES FMV 330,230 330,230
GNMA GTD REMIC P/T VAR RT 07/20/2051 1,044,398.3950 SHARES FMV 9,744 9,744
GNMA GTD REMIC P/T VAR RT 11/20/2051 538,260.3623 SHARES FMV 499,021 499,021
GQG PARTNERS INTERNATIONAL EQUITY FUND FMV 3,465,265 3,465,265
INDIA ACORN FUND FMV 2,966,765 2,966,765
INNOVATION ENDEAVORS IV, LP FMV 396,864 396,864
LIGHTHOUSE INDIA FUND III LTD FMV 1,466,554 1,466,554
LIGHTHOUSE INDIA FUND IV LTD FMV 376 376
MAINGATE MLP FUND-I 395,059.4020 SHARES FMV 3,132,821 3,132,821
MAREN CAPITAL MAREN FUND LP FMV 4,689,822 4,689,822
MGG SF EVERGREEN UNLEVERED FUND FMV 3,702,632 3,702,632
NEW GENERATION TURNAROUND FUND FMV 88,031 88,031
NOAL SCSP FMV 578,740 578,740
NOVALIS LIFESCIENCES INVESTMENTS II, LP FMV 524,233 524,233
OLEA SPECIAL OPPORTUNITIES FUND FMV 232,210 232,210
ORCHARD LIQUID CREDIT FUND FMV 1,433,552 1,433,552
OWLS NEST PARTNERS LONG ONLY FUND, LP FMV 2,011,321 2,011,321
THE OVERLOOK PARTNERS FUND, LP FMV 2,257,763 2,257,763
THIRD POINT OFFSHORE FUND II (CLASS F SHARES) FMV 2,226,949 2,226,949
THIRD POINT STRUCTURED CREDIT OPPTS OFFSHORE FUND FMV 3,594,489 3,594,489
VANGUARD START INVESTOR CLASS (VGSTX)15,839.767 SHARES FMV 425,298 425,298
WARBURG PINCUS GG 14 FMV 449,937 449,937
WARBURG PINCUS GLOBAL GROWTH L.P. FMV 1,837,526 1,837,526
WARBURG PINCUS XII PRIVATE EQUITY FMV 1,636,234 1,636,234
WOLD WARD FERRY ASIA SMALLER COMPANIES FUND FMV 2,012,437 2,012,437
YORK CREDIT OPPORTUNITIES UNIT TRUST FMV 260,044 260,044
YORK EUROPEAN DISTRESSED ASSET FUND III (CAYMAN), LP FMV 1,440,817 1,440,817
YORK EUROPEAN DISTRESSED ASSET FUND IV (CAYMAN) LIMITED FMV 1,927,421 1,927,421
YORK EUROPEAN DISTRESSED CREDIT FUND II (CAYMAN), LP FMV 387,356 387,356

TY 2023 LandEtcSchedule2
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LEASEHOLD IMPROVEMENTS 793,958 793,958 0  
FURNITURE AND EQUIPMENT 91,384 70,629 20,755 20,755


TY 2023 LegalFeesSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 4,703 0 0 5,338


TY 2023 OtherAssetsSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSIT 15,000 0 0
DUE FROM BROKER 25,471    
CASH PENDING INVESTMENT 500,000 2,000,000 2,000,000
PREPAID FEDERAL EXCISE TAX 6,718 17,149 17,149
RIGHT OF USE ASSET-OPERATING LEASE 543,996 410,110 410,110


TY 2023 OtherDecreasesSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Description Amount
PROVISION FOR DEFERRED EXCISE TAX 88,461


TY 2023 OtherExpensesSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES AND MEMBERSHIPS 13,432 0 0 13,432
INSURANCE 32,538 0 0 32,569
TELEPHONE 12,650 0 0 10,667
BANK FEES 404 404 404 0
OFFICE SERVICES AND EXPENSES 64,995 0 0 67,684
TECHNOLOGY AND SUPPORT 272,528 0 0 274,668
PROFESSIONAL DEVELOPMENT AND TRAINING 27,470 0 0 27,470
OTHER INVESTMENT EXPENSES THROUGH K-1S 0 501,099 501,099 0


TY 2023 OtherIncomeSchedule2
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER PARTNERSHIP INCOME   297,089 297,089
CONTRACT INCOME 330,775   330,775


TY 2023 OtherIncreasesSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Description Amount
UNREALIZED GAIN ON INVESTMENTS 8,132,785


TY 2023 OtherLiabilitiesSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED EXCISE TAX 81,773 170,234
DEFERRED PENSION LIABILITY 364,073 445,736
DUE TO BROKER 0 1,702,520
LEASES PAYABLE 543,996 410,110


TY 2023 OtherProfessionalFeesSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES-PROGRAM CONSULTING 423,713 0 0 436,750
PARTNERSHIP MANAGEMENT FEES 119,284 119,284 119,284 0
ADVISORY FEES 408,156 408,156 408,156 0
CONSULTING: COMMUNICATIONS AND MARKETING 459,301 0 0 477,781
CONSULTING: BUSINESS DEVELOPMENT/STRATEGY 169,931 0 0 192,899
INVESTMENT COMMITTEE CONSULTING 1,000 1,000 1,000 0


TY 2023 TaxesSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 20,569 0 0 31,000
FOREIGN TAXES 0 48,150 48,150 0