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

13-3318620
B Telephone number (see instructions)

(203) 869-3541
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$97,101,764J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,436,217 2,436,217  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -541,855
b Gross sales price for all assets on line 6a 257,877
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-167,703 -270,549  
12 Total. Add lines 1 through 11........ 1,726,659 2,165,668  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
23,671 0   23,671
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
56,798 14,200   42,598
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
91,667 0   91,667
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
217,604 42,604   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
641,302 190   641,112
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,031,042 56,994   799,048
25 Contributions, gifts, grants paid....... 5,262,154 5,262,154
26 Total expenses and disbursements. Add lines 24 and 25 6,293,196 56,994   6,061,202
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,566,537
b Net investment income (if negative, enter -0-) 2,108,674
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......... 1,083,032 715,747 715,747
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 77,395,656 Click to see attachment
List of Attached Documents:
// Content
75,540,934 		73,544,457
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
33,985,023 		Click to see attachment
List of Attached Documents:
// Content
22,841,560 		Click to see attachment
List of Attached Documents:
// Content
22,841,560
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 112,463,711 99,098,241 97,101,764
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
43,197 		Click to see attachment
List of Attached Documents:
// Content
41,872
23 Total liabilities (add lines 17 through 22)......... 43,197 41,872
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 12,188,889 12,188,889
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 100,231,625 86,867,480
29 Total net assets or fund balances (see instructions)..... 112,420,514 99,056,369
30 Total liabilities and net assets/fund balances (see instructions). 112,463,711 99,098,241
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
112,420,514
2
Enter amount from Part I, line 27a .....................
2
-4,566,537
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
226,951
4
Add lines 1, 2, and 3 ..........................
4
108,080,928
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
9,024,559
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
99,056,369
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 TOTAL SHORT-TERM COMMON TRUST FUND AND PARTNERSHIP P 2023-01-01 2023-12-31
b TOTAL LONG-TERM COMMON TRUST FUND AND PARTNERSHIP P 2022-01-01 2023-12-31
c LT CAPITAL GAIN DISTRIBUTIONS P 2022-01-01 2023-12-31
d PUBLICLY TRADED SECURITIES P 2022-01-01 2023-12-31
e GAIN ON DISPOSITION BMF LIQUIDATING P 2022-01-01 2023-12-31
LOSS ON DISPOSITION THREE OCEAN PARTNERS LLC P 2019-01-01 2023-12-31
LOSS ON DISPOSITION BOUGAINVILLE FUND MGMT LLC P 2020-01-01 2023-12-31
FORGIVENESS OF DEBT- WESTERLY LAND TRUST P 2022-01-01 2023-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     252,859 -252,859
b     214,607 -214,607
c 140,398     140,398
d 57,345     57,345
e 60,134     60,134
    94,728 -94,728
    168,170 -168,170
    47,163 -47,163
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       -252,859
b       -214,607
c       140,398
d       57,345
e       60,134
      -94,728
      -168,170
      -47,163
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 -519,650
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 29,311
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 29,311
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 29,311
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 151,856
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 151,856
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 122,545
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow122,545 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 arrowCT
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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 arrowN/A
14
The books are in care ofright arrowROYCE FAMILY FOUNDATION INC Telephone no.right arrow (203) 869-3541

Located atright arrow8 SOUND SHORE DRIVEGREENWICHCT ZIP+4right arrow06830
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 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
CHARLES M ROYCE PRESIDENT AND TREASURER
2.00 		0 0 0
C/O ROYCE ASSOC 8 SOUND SHORE DR
GREENWICH,CT06830
NICHOLAS MOORE SECRETARY
2.00 		0 0 0
C/O ROYCE ASSOC 8 SOUND SHORE DR
GREENWICH,CT06830
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (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
NICHOLAS C MOORE CONSULTING SERVICES 91,667
8 SOUND SHORE DRIVE STE 140
GREENWHICH,CT06830
ANCHIN BLOCK & ANCHIN LLP ACCOUNTING 56,798
3 TIMES SQUARE
NEW YORK,NY10036
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 THE PURPOSE OF BUILDING AT TOWN CENTER STREET TO BENEFIT THE COMMUNITY. 515,479
2 THE PURPOSE OF BUILDING AT AVON THEATRE LLC IS TO BENEFIT THE COMMUNITY. 95,450
3 THE PURPOSE OF PUBLIC RADIO STATION IS TO BENEFIT THE COMMUNITY. 28,655
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 LOANS MADE TO HUNTER MOUNTAIN FOUNDATION INCONNECTION WITH CHARITABLE PURPOSE. 250,698
2 LOANS MADE TO ANCHOR HEALTH INITIATIVE CORP INCONNECTION WITH CHARITABLE PURPOSE. 50,000
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow300,698
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
72,585,555
b
Average of monthly cash balances.......................
1b
599,999
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
73,185,554
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
73,185,554
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,097,783
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
72,087,771
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,604,389
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
3,604,389
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
29,311
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
24,980
c
Add lines 2a and 2b............................
2c
54,291
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,550,098
4
Recoveries of amounts treated as qualifying distributions................
4
11,347,269
5
Add lines 3 and 4............................
5
14,897,367
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
14,897,367
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
6,061,202
b
Program-related investments—total from Part VIII-B..................
1b
300,698
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
145,387
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
6,507,287
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 14,897,367
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...... 3,075,763
b From 2019...... 2,805,686
c From 2020...... 2,629,521
d From 2021...... 2,322,145
e From 2022...... 1,465,876
f Total of lines 3a through e ........ 12,298,991
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 6,507,287
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..... 6,507,287
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 8,390,080 8,390,080
(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 3,908,911
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 ...... 		3,908,911
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020.... 120,890
c Excess from 2021.... 2,322,145
d Excess from 2022.... 1,465,876
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
 
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).)
CHARLES M ROYCE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (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

564 PARK AVENUE PRESERVATION FOUNDATION

564 PARK AVENUE
NEW YORK,NY10065 		NONE PC GENERAL PURPOSES 1,500

ACADEMY FOR TEACHERS

10 WEST 90TH STREET
NEW YORK,NY10024 		NONE PC GENERAL PURPOSES 1,000

ALLIANCE FRANCAISE OF GREENWICH

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

AMERICAN FILM INSTITUTE

2021 NORTH WESTERN AVENUE
LOS ANGELES,CA900271657 		NONE PC GENERAL PURPOSES 25,000

AMERICAN FRIENDS OF THE ARCHBISHOP OF CANTERBURY'S ACF INC

C/O MARION CARR 21 INDIAN CHASE DR
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 10,000

AMERICAN PROMISE EDUCATION FUND

33 BRADFORD STREET
CONCORD,MA01742 		NONE PC GENERAL PURPOSES 5,000

ASPCA

520 8TH AVENUE 7TH FLOOR
NEW YORK,NY10018 		NONE PC GENERAL PURPOSES 5,000

AVON THEATER FILM CENTER INC

8 SOUND SHORE DRIVE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 54,738

AVON THEATER FILM CENTER INC

8 SOUND SHORE DRIVE
GREENWHICH,CT06830 		NONE PC GENERAL PURPOSES 1,450,000

AYERS FOUNDATION

6 HAVERSHARN ROAD
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 5,000

BACKCOUNTRY JAZZ

15 E PUTNAM AVENUE 397
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 2,500

BATH & TENNIS CLUB INC

1170 SOUTH OCEAN BLVD
PALM BEACH,FL33480 		NONE PC GENERAL PURPOSES 1,000

BERKELEY DIVINITY SCHOOL

409 PROSPECT STREET
NEW HAVEN,CT06511 		NONE PC GENERAL PURPOSES 50,000

BIRDSACRE

PO BOX 484
ELLSWORTH,ME04605 		NONE PC GENERAL PURPOSES 10,000

BREAST CANCER ALLIANCE

48 MAPLE AVENUE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 1,000

BREAST CANCER RESEARCH FOUNDATION

28 W 44TH STREET SUITE 609
NEW YORK,NY10036 		NONE PC GENERAL PURPOSES 1,000

BRIDGEPORT RESCUE MISSION

PO BOX 9057
BRIDGEPORT,CT06601 		NONE PC GENERAL PURPOSES 500

BROWN UNIVERSITY PARENT FUND

BOX 1877
PROVIDENCE,RI02912 		NONE PC GENERAL PURPOSES 15,000

BROWN UNIVERSITY

BOX 1822 69 BROWN STREET
PROVIDENCE,RI02912 		NONE PC GENERAL PURPOSES 435,000

BRUCE MUSEUM

ONE MUSEUM DRIVE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 54,530

CAPTIVATED INTERNATIONAL

702 E SIMPSON STREET UNIT 214
MECHANICSBURG,PA17055 		NONE PC GENERAL PURPOSES 10,000

CATHEDRAL OF ST JOHN THE DIVINE

1047 AMSTERDAM AVE
NEW YORK,NY10025 		NONE PC GENERAL PURPOSES 25,000

CATSKILL MOUNTAIN FOUNDATION

PO BOX 924
HUNTER,NY12442 		NONE PC GENERAL PURPOSES 2,500

CENTER FOR INVESTIGATIVE REPORTING

PO BOX 8307
EMERYVILLE,CA94662 		NONE PC GENERAL PURPOSES 1,000

CENTRAL PARK CONSERVANCY

14 E 60TH STREET
NEW YORK,NY10022 		NONE PC GENERAL PURPOSES 2,500

CHOATE ROSEMARY HALL

333 CHRISTIAN STREET
WALINGFORD,CT06492 		NONE PC GENERAL PURPOSES 10,000

CHRIST CHURCH GREENWICH

254 E PUTNAME AVENUE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 107,000

CHRIST CHURCH WESTERLY

7 ELM STREET
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 20,000

COLONIAL THEATRE

WILCOX PARK
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 40,000

COMPASS ROSE SOCIETY

1225 TEXAS AVENUE
HOUSTON,TX77002 		NONE PC GENERAL PURPOSES 50,000

CONNECTICUT LANDMARKS

59 SOUTH PROSPECT STREET
HARTFORD,CT06106 		NONE PC GENERAL PURPOSES 250

EPISCOPAL CHURCH OF CT

290 PRATT STREET
MERIDEN,CT06450 		NONE PC GENERAL PURPOSES 120,000

FERNANDO PULLMAN COMMUNITY ARTS CENTER

3551 W 43RD STREET
LOS ANGELES,CA90008 		NONE PC GENERAL PURPOSES 5,000

FILMMAKERS

28 GREEN STREET
NEW YORK,NY10013 		NONE PC GENERAL PURPOSES 267,000

FOCUS

PO BOX 1027
NEW CANAAN,CT06840 		NONE PC GENERAL PURPOSES 10,000

FOOD RESCUE US

1127 HIGH RIDGE ROAD SUITE 338
STAMFORD,CT06905 		NONE PC GENERAL PURPOSES 10,000

FRENCH HERITAGE SOCIETY

14 E 60TH STREET
NEW YORK,NY10022 		NONE PC GENERAL PURPOSES 1,000

FRICK COLLECTION

1 E 70TH STREET
NEW YORK,NY10021 		NONE PC GENERAL PURPOSES 229,350

FRIENDS OF AUTISTIC PEOPLE

974 NORTH STREET
GREENWICH,CT06831 		NONE PC GENERAL PURPOSES 2,000

GRACE-BASED FILMS

722 S LONGWOOD AVENUE
LOS ANGELES,CA90005 		NONE PC GENERAL PURPOSES 10,000

GREENWHICH HISTORICAL SOCIETY

47 STRICKLAND ROAD
COS COB,CT06807 		NONE PC GENERAL PURPOSES 8,500

GREENWICH DECORATIVE ARTS SOCIETY

PO BOX 5095
GREENWICH,CT06831 		NONE PC GENERAL PURPOSES 215

GREENWICH INTERNATIONAL FILM FESTIVAL

55 OLD FIELD POINT RD
GREENWHICH,CT06380 		NONE PC GENERAL PURPOSES 10,000

GREENWICH LIBRARY

101 W PUTNAM AVENUE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 20,000

GREENWICH POINT CONSERVANCY

PO BOX 377
OLD GREENWICH,CT06870 		NONE PC GENERAL PURPOSES 7,500

GREENWICH TOWN PARTY

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

GREENWICH UNITED WAY

500 WEST PUTNAM AVENUE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 10,000

HENRI NOUWEN SOCIETY

PO BOX 220522
ST LOUIS,MO63122 		NONE PC GENERAL PURPOSES 5,000

HILL HOUSE

101 RIVERSIDE AVENUE
RIVERSIDE,CT06878 		NONE PC GENERAL PURPOSES 4,000

HOLY TRINITY EPISCOPAL CHURCH

211 TRINITY PLACE
WEST PALM BEACH,FL33401 		NONE PC GENERAL PURPOSES 15,000

HUNTER FOUNDATION

5994 MAIN STREET
TANNERSVILLE,NY12485 		NONE PC GENERAL PURPOSES 728,757

INTERNATIONAL FRIENDS OF THE LONDON LIBRARY

515 MADISON AVENUE SUITE 725
NEW YORK,NY10022 		NONE PC GENERAL PURPOSES 20,000

KNICKERBOCKER MUSIC CENTER INC

35 RAILROAD AVENUE
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 196,349

LAKE ERIE COLLEGE

391 WEST WASHINGTON STREET
PAINSVILLE,OH44077 		NONE PC GENERAL PURPOSES 100,000

LITERACY PARTNERS

75 MAIDEN LANE 1102
NEW YORK,NY10038 		NONE PC GENERAL PURPOSES 22,667

LITERACY VOLUNTEERS OF WASHINGTON COUNTY

PO BOX 245
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 1,500

LIVING CHURCH

PO BOX 84
CONGERS,NY10920 		NONE PC GENERAL PURPOSES 25,000

MARLEY'S MUTTS DOG RESCUE

785 TUCKER RD
THACHAPI,CA93561 		NONE PC GENERAL PURPOSES 1,500

MEMORIAL SLOAN KETTERING CANCER CENTER

885 2ND AVENUE 7TH FLOOR
NEW YORK,NY10017 		NONE PC GENERAL PURPOSES 2,000

METROPOLITAN MUSEUM OF ART

100 5TH AVENUE
NEW YORK,NY10028 		NONE PC GENERAL PURPOSES 4,068

MILL RIVER COLLABORATIVE

1010 WASHINGTON BLVD
STAMFORD,CT06901 		NONE PC GENERAL PURPOSES 19,250

MOCKINGBIRD MINISTRIES

100 W JEFFERSON
ST CHARLOSTTESVILLE,VA22902 		NONE PC GENERAL PURPOSES 2,000

MOUNTAIN TOP ARBORETUM

PO BOX 379
TANNERSVILLE,NY12485 		NONE PC GENERAL PURPOSES 1,500

MOUNTAIN TOP LIBRARY

6093 MAIN STREET
TANNERSVILLE,NY12485 		NONE PC GENERAL PURPOSES 40,000

NEIGHBOR TO NEIGHBOR

248 E PUTNAM AVENUE
GREENWICH,CT06830 		NONE PC GENERAL PURPOSES 2,000

NEW YORK PUBLIC LIBRARY

445 FIFTH AVENUE
NEW YORK,NY10016 		NONE PC GENERAL PURPOSES 150,000

OCEAN COMMUNITY CHAMBER FOUNDATION

1 CHAMBER WAY
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 2,000

OCEAN COMMUNITY UNITED THEATER

5 CANAL STREET
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 194,928

OCEAN COMMUNITY YMCA

95 HIGH STREET
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 40,000

ORDER OF ST JOHN

1850 M STREET NW SUITE 1070
WASHINGTON,DC20036 		NONE PC GENERAL PURPOSES 5,000

PARK AVENUE ARMORY

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

PEGGY ADAMS ANIMAL RESCUE LEAGUE

3200 NORTH MILITARY TRAIL
WEST PALM BEACH,FL33409 		NONE PC GENERAL PURPOSES 7,500

POLICE UNITY TOUR INC

45 HAVERLY MEMORIAL DRIVE
COXSACKIE,NY12051 		NONE PC GENERAL PURPOSES 1,000

PRASAD

PO BOX 576
FERNDALE,NY12734 		NONE PC GENERAL PURPOSES 35,000

PRESERVATION FOUNDATION OF PALM BEACH

311 PERUVIAN AVENUE
PALM BEACH,FL33480 		NONE PC GENERAL PURPOSES 50,000

PRESERVATION SOCIETY OF NEWPORT COUNTY

423 BELLEVUE AVENUE
NEWPORT,RI02840 		NONE PC GENERAL PURPOSES 3,000

PUBLIC'S RADIO

1 UNION STATION
PROVIDENCE,RI02903 		NONE PC GENERAL PURPOSES 50,000

REDNISS & MEAD

22 FIRST STREET
STAMFORD,CT06830 		NONE PC GENERAL PURPOSES 1,960

REHABILITATION THROUGH THE ARTS

735 ANDRESON HILL ROAD
PURCHASE,NY10577 		NONE PC GENERAL PURPOSES 500

RHODE ISLAND FOUNDATION

ONE UNION STATION
PROVIDENCE,RI02903 		NONE PC GENERAL PURPOSES 23,143

RIP MEDICAL DEBT

28-07 JACSKON AVENUE 5TH FLOOR
LONG ISLAND CITY,NY11101 		NONE PC GENERAL PURPOSES 1,500

ROTARY CLUB OF WESTERLY FOUNDATION

PO BOX 407
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 4,720

ROYAL OAK FOUNDATION

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

SHATTERPROOF

101 MERRIT 7
NORWALK,CT06851 		NONE PC GENERAL PURPOSES 1,000

SOCIETY OF THE FOUR ARTS

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

SOUND BEACH VOLUNTEER FIRE SERVICES FOUNDATION

207 SOUND BEACH AVE
OLD GREENWICH,CT06870 		NONE PC GENERAL PURPOSES 500

SOUND WATERS

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

ST JOSEPH'S CATHOLIC SCHOOL

100 ST JOSEPHS DRIVE
GREENVILLE,NC29607 		NONE PC GENERAL PURPOSES 10,000

ST BARNABAS EPSICOPAL CHURCH

954 LAKE AVENUE
GREENWICH,CT06831 		NONE PC GENERAL PURPOSES 15,000

ST GEORGE'S SCHOOL

372 PURGATORY ROAD
MIDDLETOWN,RI02842 		NONE PC GENERAL PURPOSES 10,000

SYDA FOUNDATION

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

THE ENGLISH-SPEAKING UNION

144 EAST 39TH STRET
NEW YORK,NY10016 		NONE PC GENERAL PURPOSES 500

TOWN OF WESTERLY

45 BROAD STREET
WESTERLY,RI02891 		NONE GOVT GENERAL PURPOSES 30,000

TRINITY FORUM

1015 18TH STREET NW SUITE 201
WASHINGTON DC,DC20036 		NONE PC GENERAL PURPOSES 5,000

TRUST FOR PUBLIC LAND

101 WHITNEY AVENUE 2ND FLOOR
NEW HAVEN,CT06510 		NONE PC GENERAL PURPOSES 1,500

TWO EAST SIXTY SECOND STREET FOUNDATION

2 E 62ND STREET
NEW YORK,NY10021 		NONE PC GENERAL PURPOSES 30,000

URBAN RESOURCE INSTITUTE

205 EAST 42 STREET 13TH FLOOR
NEW YORK,NY10017 		NONE PC GENERAL PURPOSES 1,500

WARM CENTER

55 SPRUCE STREET
WESTERLY,CT02891 		NONE PC GENERAL PURPOSES 10,500

WATCH HILL CONSERVANCY

1 BAY STREET
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 5,000

WATCH HILL MEMORIAL LIBRARY & IMPROVEMENT SOCIETY

2 EVERETT AVENUE
WATCH HILL,RI02891 		NONE PC GENERAL PURPOSES 10,000

WESTERLY ARMORY

PO BOX 614
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 1,000

WESTERLY HOSPITAL FOUNDATION

25 WELLS STREET
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 1,000

WESTERLY LAND TRUST

449 WESTERLY BRANFORD ROAD
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 143,329

WESTERLY PUBLIC SCHOOLS

23 HIGHLAND AVENUE
WESTERLY,RI02891 		NONE PC GENERAL PURPOSES 10,000

WYCLIFFE COLLEGE

58 WEST84TH STREET 2F
NEW YORK,NY10024 		NONE PC GENERAL PURPOSES 20,000

YOUNG LIFE

420 NORTH CASCADE AVENUE
COLORADO SPRINGS,CO80903 		NONE PC GENERAL PURPOSES 10,000
Total .................................right arrow 3a 5,262,154
bApproved for future payment
Total ................................. right arrow 3b 0
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 ........... 		         
4 Dividends and interest from securities ....     14 2,436,217  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		900001 -22,205 18 -519,650  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aLOSS ON INVESTMENT IN LTD PARTNERSHIP 		523000 102,846 18 -270,549  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 80,641 1,646,018 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,726,659
(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.
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

TY 2023 AccountingFeesSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING AND TAX RETURN PREPARATION FEES 56,798 14,200   42,598

TY 2023 GeneralExplanationAttachment
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Identifier Return Reference Explanation
  PART I, LINE 25, COL (A) AND COL (D) AVON THEATRE FILM CENTRE, INC.DESCRIPTION OF THE CONTRIBUTED PROPERTY - THEATRE BUILDING, STAMFORD, CONNECTICUTBOOK VALUE - 1,450,000METHOD USED TO DETERMINE BOOK VALUE - COSTMETHOD USED TO DETERMINE FMV - APPRAISALDATE OF THE GIFTS - 8/1/2023

TY 2023 InvestmentsCorpStockSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Name of Stock End of Year Book Value End of Year Fair Market Value
ROYCE FAMILY INVESTMENTS LLC 39,238,490 37,709,968
TICC MANAGEMENT 10,698,627 10,698,627
EVERSIDE FOUNDERS FUND 2,488,686 3,326,544
EVERSIDE FUND II 1,814,888 2,102,844
HELIOS STRATEGIC FUND LLC 3,966,270 3,795,900
FOURTH SAIL LONG OFFSHORE 1,750,000 2,873,217
GREENHAVEN ROAD CAPITAL 1,000,000 923,136
MARBLEGATE SPECIAL OPPORTUNITIES FUND 1,200,816 2,420,844
ROYCE PREMIER FUND 505,864 478,742
ROYCE GLOBAL FINANICAL SERVICES FUND 868,819 1,034,880
INTERNATIONAL FINE FOODS 276,200 0
T ROWE PRICE - PRIME RESERVE 1,179 1,179
ROYCE GLOBAL VALUE TRUST 100,165 78,707
ROYCE VALUE TRUST INC 1,163,640 1,148,742
OXFORD SQUARE CAP CORP 2,369,910 1,285,547
OXFORD LANE CAP CORP 5,302,841 2,784,381
EVERSIDE FUND III 1,364,391 1,453,948
VANTAGEROCKCAPITAL OFFSHORE FUND LTD. 1,233,069 1,220,164
EVERSIDE FUND IV LP 197,079 207,087

TY 2023 LegalFeesSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 23,671 0   23,671


TY 2023 OtherAssetsSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
AVON THEATER LLC - PRI 1,650,000 0 0
WESTERLY HIGHER EDUCATION CENTER - PRI 2,676,263 2,504,569 2,504,569
35 RAILROAD LLC - PRI 2,644,552 2,699,552 2,699,552
WESTERLY NOTE - WESTERLY LAND TRUST FOUNDATION - PRI 5,882,794 5,670,048 5,670,048
HUNTER MOUNTAIN FOUNDATION - PRI 18,158,114 9,489,206 9,489,206
OCEAN COMMUNITY UNITED THEATRE - PRI 1,241,669 1,241,669 1,241,669
WESTERLY HIGHER EDUCATION - LAND - PRI 446,319 446,319 446,319
PROMISSORY NOTE - ANCHOR HEALTH INITIATIVE - PRI 175,000 175,000 175,000
RECEIVABLE - STORAGE 4,350 9,235 9,235
23 ELM STREET LLC 605,962 605,962 605,962
SOUTHEAST ELEVATOR HOLDINGS 500,000 0 0


TY 2023 OtherDecreasesSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Description Amount
REVALUATION OF PROGRAM RELATED INVESTMENTS 9,024,559


TY 2023 OtherExpensesSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DIRECT CHARITABLE EXPENSES - SEE PART IX-A 639,584 0   639,584
INVESTMENT EXPENSES 190 190   0
MISCELLANEOUS EXPENSES 1,528 0   1,528


TY 2023 OtherIncomeSchedule2
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
LOSS ON INVESTMENT IN LTD PARTNERSHIP -167,703 -270,549 -167,703


TY 2023 OtherIncreasesSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Description Amount
NET UNREALIZED APPRECIATION ON PASS-THROUGH ENTITIES 226,951


TY 2023 OtherLiabilitiesSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Description Beginning of Year - Book Value End of Year - Book Value
OTHER PAYABLES 41,872 41,872
BMF LIQUIDATING FUND US INVESTORS LLC 1,325 0


TY 2023 OtherProfessionalFeesSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES IN CONNECTION WITH FOUNDATION MATTERS 91,667 0   91,667


TY 2023 TaxesSchedule
Name:
ROYCE FAMILY FUND INC
 
C/O ROYCE & ASSOCIATES
EIN:
13-3318620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN WITHOLDING TAXES THROUGH PARTNERSHIPS 42,604 42,604   0
FEDERAL UBTI TAX 100,000 0   0
FEDERAL EXCISE TAX ON NET INVESTMENT INCOME 75,000 0   0