Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE TANG FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)551 FIFTH AVE 33FL
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10176
A Employer identification number

38-3973256
B Telephone number (see instructions)

(646) 701-6084
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$119,569,919J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 154,923 154,923  
4 Dividends and interest from securities... 389,608 389,608  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,097,248
b Gross sales price for all assets on line 6a 5,755,761
7 Capital gain net income (from Part IV, line 2)... 4,097,248
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
3,860 3,860  
12 Total. Add lines 1 through 11........ 4,645,639 4,645,639  
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
7,675 0   0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
89,569 14,569   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
248,004 210,305   7,648
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 345,248 224,874   7,648
25 Contributions, gifts, grants paid....... 7,020,186 7,020,186
26 Total expenses and disbursements. Add lines 24 and 25 7,365,434 224,874   7,027,834
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,719,795
b Net investment income (if negative, enter -0-) 4,420,765
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............. 1,984,818 3,246,742 3,246,742
2 Savings and temporary cash investments.........      
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)....... 34,580 Click to see attachment
List of Attached Documents:
// Content
34,580 		154,700
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).......... 41,970,675 Click to see attachment
List of Attached Documents:
// Content
40,331,931 		116,168,477
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 43,990,073 43,613,253 119,569,919
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 43,990,073 43,613,253
29 Total net assets or fund balances (see instructions)..... 43,990,073 43,613,253
30 Total liabilities and net assets/fund balances (see instructions). 43,990,073 43,613,253
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
43,990,073
2
Enter amount from Part I, line 27a .....................
2
-2,719,795
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,575,460
4
Add lines 1, 2, and 3 ..........................
4
44,845,738
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,232,485
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
43,613,253
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 FAIRMOUNT HEALTHCARE FEEDER FUND LTD P 2018-02-28 2023-10-13
b LIQUIDATION REGIMENT CAPITAL SSF V P    
c GAIN ON EXCESS DISTRIBUTIONS - QVT ROIV HOLDINGS OFFSHORE LTD. P    
d GAIN ON EXCESS DISTRIBUTIONS - QVT FAMILY OFFICE OFFSHORE P    
e LIQUIDATION EIBEITA PARTNERS LP P    
LIQUIDATION MICROLAM PARTNERS LP P    
LIQUIDATION TUCEK PARTNERS LP P    
GAIN ON EXCESS DISTRIBUTIONS - QVT SLV OFFSHORE LTD P    
PASS THRU FROM ASP VII LP P    
PASS THRU FROM ASP VII ALTERNATIVE LP P    
PASS THRU FROM COMMONFUND CAPITAL VENTURES PTRS VI LP P    
PASS THRU FROM COMMONFUND CAPITAL VENTURES PTRS VI LP P    
PASS THRU FROM EINBEITA PARTNERS LP P    
PASS THRU FROM EINBEITA PARTNERS LP P    
PASS THRU FROM ISZO CAPITAL LP P    
PASS THRU FROM ISZO CAPITAL LP P    
PASS THRU FROM MICROLAM PARTNERS LP P    
PASS THRU FROM MICROLAM PARTNERS LP P    
PASS THRU FROM MPM BIOVENTURES LP P    
PASS THRU FROM REGIMENT CAPITAL SSF V LP P    
PASS THRU FROM SAMSARA BIOCAPITAL LP P    
PASS THRU FROM SAMSARA BIOCAPITAL LP P    
PASS THRU FROM SILCHESTER INT'L VALUE EQUITY LP P    
PASS THRU FROM SILCHESTER INT'L VALUE EQUITY LP P    
PASS THRU FROM TAUBENPOST PARTNERS LP P    
PASS THRU FROM TAUBENPOST PARTNERS LP P    
PASS THRU FROM TUCEK PARTNERS LP P    
PASS THRU FROM TUCEK PARTNERS LP P    
PASS THRU FROM ASP VII LP P    
PASS THRU FROM ASP VIII LP P    
CAPITAL GAINS DIVIDENDS 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 1,177,512   500,000 677,512
b 3,582     3,582
c 162,901   16,405 146,496
d 1,846,145   469,973 1,376,172
e     299,888 -299,888
85,081     85,081
1,064,822     1,064,822
4,490     4,490
103,885     103,885
    47,472 -47,472
25     25
    32,010 -32,010
32,825     32,825
103,525     103,525
    126,097 -126,097
    3,160 -3,160
2,909     2,909
197,442     197,442
    1,920 -1,920
    40,064 -40,064
19,600     19,600
382,103     382,103
    1,603 -1,603
12,602     12,602
    115,674 -115,674
140,968     140,968
    4,243 -4,243
381,927     381,927
47     47
    4 -4
33,370     33,370
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       677,512
b       3,582
c       146,496
d       1,376,172
e       -299,888
      85,081
      1,064,822
      4,490
      103,885
      -47,472
      25
      -32,010
      32,825
      103,525
      -126,097
      -3,160
      2,909
      197,442
      -1,920
      -40,064
      19,600
      382,103
      -1,603
      12,602
      -115,674
      140,968
      -4,243
      381,927
      47
      -4
      33,370
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 4,097,248
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 61,449
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 61,449
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 61,449
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 79,335
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 60,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 139,335
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 77,886
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow77,886 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDE
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 arrowCATHERINE L WORNOM Telephone no.right arrow (646) 701-6082

Located atright arrow551 FIFTH AVE 33RD FLOORNEW YORKNY ZIP+4right arrow10176
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
OSCAR L TANG PRESIDENT
2.00 		0 0 0
551 FIFTH AVE 33FL
NEW YORK,NY10176
HSIN-MEI AGNES HSU DIRECTOR/VICE PRESIDENT
1.00 		0 0 0
551 FIFTH AVE 33FL
NEW YORK,NY10176
GWENN S WINKHAUS SECRETARY/TREASURER
1.00 		0 0 0
551 FIFTH AVE 33FL
NEW YORK,NY10176
CATHERINE L WORNOM ASST. SECRETARY
2.00 		0 0 0
551 FIFTH AVE 33FL
NEW YORK,NY10176
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
NONE
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 DIVERSITY AND RACISM AWARENESS 7,050
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
746,242
b
Average of monthly cash balances.......................
1b
4,383,831
c
Fair market value of all other assets (see instructions)................
1c
114,112,493
d
Total (add lines 1a, b, and c).........................
1d
119,242,566
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
119,242,566
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,788,638
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
117,453,928
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
5,872,696
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
5,872,696
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
61,449
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
61,449
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
5,811,247
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
5,811,247
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
5,811,247
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
7,027,834
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
7,027,834
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 5,811,247
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 4,712,544
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 7,027,834
a Applied to 2022, but not more than line 2a 4,712,544
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..... 2,315,290
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
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 .......... 		3,495,957
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 ...... 		0
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
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ADOPT-A-DOG INC

PO BOX 11135
GREENWICH,CT06831 		NONE 501(C)(3) CHARITABLE 2,000

AMERICAN ACADEMY OF ARTS AND SCIENCES

136 IRVING STREET
CAMBRIDGE,MA02138 		NONE 501(C)(3) CHARITABLE 30,000

AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH

1789 MASSACHUSETTS AVENUE NW
WASHINGTON,DC20036 		NONE 501(C)(3) CHARITABLE 4,850

518 ELEVATED

1218 CENTRAL AVENUE SUITE 203
ALBANY,NY12205 		NONE 501(C)(3) CHARITABLE 500

AMERICAN PRAIRIE RESERVE

PO BOX 908
BOZEMAN,MT59771 		NONE 501(C)(3) CHARITABLE 10,000

AMERICAN BALLET THEATRE FOUNDATION INC

890 BROADWAY 3RD FLOOR
NEW YORK,NY10003 		NONE 501(C)(3) CHARITABLE 3,000

AMERICAN SYMPHONY ORCHESTRA LEAGUE

520 8TH AVENUE SUITE 2005
NEW YORK,NY10018 		NONE 501(C)(3) CHARITABLE 2,000

ASIA SOCIETY

725 PARK AVENUE
NEW YORK,NY10021 		NONE 501(C)(3) CHARITABLE 500,000

BROOKLYN PUBLIC LIBRARY

10 GRAND ARMY PLAZA
BROOKLYN,NY11238 		NONE 501(C)(3) CHARITABLE 500

BRYN MAWR COLLEGE

101 NORTH MERION AVENUE
BRYN MAWR,PA19010 		NONE 501(C)(3) CHARITABLE 2,500

BREARLEY SCHOOL

610 EAST 83RD STREET
NEW YORK,NY10028 		NONE 501(C)(3) CHARITABLE 5,000

CENTRAL QUEENS ACADEMY

55-30 JUNCTION BLVD
ELMHURST,NY11373 		NONE 501(C)(3) CHARITABLE 10,000

CHARLES H TAYLOR ARTS CENTER FOUNDATIONTHE HAMPTON ARTS FOUNDATION

125 EAST MELLEN STREET
HAMPTON,VA23663 		NONE 501(C)(3) CHARITABLE 1,000

CITY HARVEST

150 52ND STREET
BROOKLYN,NY11232 		NONE 501(C)(3) CHARITABLE 10,500

CITYMEALS-ON-WHEELS

355 LEXINGTON AVENUE
NEW YORK,NY10017 		NONE 501(C)(3) CHARITABLE 500

COLORADO ROCKY MOUNTAIN SCHOOL

500 HOLDEN WAY
CARBONDALE,CO81623 		NONE 501(C)(3) CHARITABLE 25,000

COMMITTEE OF 100 INC

CHURCH STREET STATION PO BOX 3504
NEW YORK,NY10008 		NONE 501(C)(3) CHARITABLE 103,500

CONCERNED CITIZENS OF MONTAUK INC

PO BOX 915
MONTAUK,NY11954 		NONE 501(C)(3) CHARITABLE 5,000

CHINATOWN HEALTH CLINIC FOUNDATION

268 CANAL STREET 6TH FLOOR
NEW YORK,NY10013 		NONE 501(C)(3) CHARITABLE 5,000

CLEVELAND CLINIC FOUNDATIONJUSTIN T ROGERS HOSPICE CARE CENTER

3358 RIDGEWOOD ROAD
AKRON,OH44333 		NONE 501(C)(3) CHARITABLE 2,000

DANNY & RON'S RESCUE

PO BOX 604
CAMDEN,SC29021 		NONE 501(C)(3) CHARITABLE 500

DUKE UNIVERSITY

PO BOX 90581
DURHAM,NC27701 		NONE 501(C)(3) CHARITABLE 10,000

ENDOMETRIOSIS FOUNDATION OF AMERICA INC

872 FIFTH AVENUE
NEW YORK,NY10065 		NONE 501(C)(3) CHARITABLE 2,500

EAST COAST ASSISTANCE DOGS INC

PO BOX 831
TORRINGTON,CT06790 		NONE 501(C)(3) CHARITABLE 500

EDGE PRINCIPAL INVESTMENTS IV LP

1700 BROADWAY 37TH FLOOR
NEW YORK,NY10019 		NONE 501(C)(3) CHARITABLE 9

ENVIRONMENTAL DEFENSE FUND INC

257 PARK AVENUE SOUTH 17TH FL
NEW YORK,NY10010 		NONE 501(C)(3) CHARITABLE 20,000

FAIRBANKS MUSEUM & PLANETARIUM

1302 MAIN STREET
ST JOHNSBURY,VT05819 		NONE 501(C)(3) CHARITABLE 200,000

FOUNDATION FOR HISTORIC CHRIST CHURCH

PO BOX 24
IRVINGTON,VA22480 		NONE 501(C)(3) CHARITABLE 5,000

JACOB BURNS FILM CENTER

405 MANVILLE ROAD
PLEASANTVILLE,NY10570 		NONE 501(C)(3) CHARITABLE 2,500

GRACE CHURCH SCHOOL

86 FOURTH AVENUE
NEW YORK,NY10003 		NONE 501(C)(3) CHARITABLE 5,000

HARVARD BUSINESS SCHOOL

124 MOUNT AUBURN STREET
CAMBRIDGE,MA02138 		NONE 501(C)(3) CHARITABLE 2,500

MANZANITA OUTREACHTEWA HOLIDAY

PO BOX 371
COTTONWOOD,AZ86326 		NONE 501(C)(3) CHARITABLE 3,000

LINCOLN CENTER FOR THE PERFORMING ARTS INC

70 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		NONE 501(C)(3) CHARITABLE 6,178

JOB PATH INC

256 WEST 38TH STREET 2ND FL
NEW YORK,NY10018 		NONE 501(C)(3) CHARITABLE 1,000

MAD FOUNDATION

100 CROSBY STREET SUITE 301
NEW YORK,NY10012 		NONE 501(C)(3) CHARITABLE 10,000

MESERVE-KUNHARDT FOUNDATIONGORDON PARKS FOUNDATION

48 WHEELER AVENUE
PLEASANTVILLE,NY10027 		NONE 501(C)(3) CHARITABLE 15,000

NEW JERSEY SCHNAUZER RESCUE NETWORK INC

PO BOX 36
FANWOOD,NJ07023 		NONE 501(C)(3) CHARITABLE 500

MILLBROOK SCHOOL

131 MILLBROOK SCHOOL ROAD
MILLBROOK,NY12545 		NONE 501(C)(3) CHARITABLE 2,500

NEW YORK BOTANICAL GARDEN

2900 SOUTHERN BOULEVARD
BRONX,NY10458 		NONE 501(C)(3) CHARITABLE 12,500

OKLAHOMA STATE UNIVERSITY FOUNDATION

400 S MONROE
STILLWATER,OK74074 		NONE 501(C)(3) CHARITABLE 10,000

NEW MUSUEM OF CONTEMPORARY ART

235 BOWERY
NEW YORK,NY10002 		NONE 501(C)(3) CHARITABLE 6,725

NEW-YORK HISTORICAL SOCIETY

170 CENTRAL PARK WEST
NEW YORK,NY10024 		NONE 501(C)(3) CHARITABLE 2,260,950

OPERA LAFAYETTE

921 PENNSYLVANIA AVENUE SE
WASHINGTON,DC20003 		NONE 501(C)(3) CHARITABLE 10,000

NEW YORK PHILHARMONIC

10 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		NONE 501(C)(3) CHARITABLE 1,405,418

NEW YORK UNIVERSITYGALLATIN SCHOOL

25 WEST FOURTH STREET
NEW YORK,NY10012 		NONE 501(C)(3) CHARITABLE 10,000

PTA OF THE HIGH SCHOOL OF MATH SCIENCE AND ENGINEERING

240 CONVENT AVENUE
NEW YORK,NY10031 		NONE 501(C)(3) CHARITABLE 100

ONE TO WORLD INC

307 SEVENTH AVE STE 2003
NEW YORK,NY10001 		NONE 501(C)(3) CHARITABLE 1,000

THE NEW YORK PUBLIC LIBRARY ASTOR LENOX AND TILDEN FOUNDATIONS

270 MADISON AVENUE 12TH FL
NEW YORK,NY10016 		NONE 501(C)(3) CHARITABLE 2,500

POLICE ATHLETIC LEAGUE

34 1/2 EAST 12TH STREET
NEW YORK,NY10003 		NONE 501(C)(3) CHARITABLE 1,500

THE PHILADELPHIA ORCHESTRA ASSOCIATION

300 SOUTH BROAD STREET
PHILADELPHIA,PA19102 		NONE 501(C)(3) CHARITABLE 50,000

STORM KING ART CENTER

1 MUSEUM ROAD
NEW WINDSOR,NY12553 		NONE 501(C)(3) CHARITABLE 2,500

READING PARTNERS

499 7TH AVENUE 20TH FL NORTH TOWER
NEW YORK,NY10018 		NONE 501(C)(3) CHARITABLE 1,500

RECTORY SCHOOL INC

528 POMFRET ST
POMFRET,CT06258 		NONE 501(C)(3) CHARITABLE 505,000

RETHINK FOOD NYC INC

75 BROAD STREET SUITE 707
NEW YORK,NY10004 		NONE 501(C)(3) CHARITABLE 100,000

ST JUDE CHILDREN'S RESEARCH HOSPITAL INC

501 ST JUDE PLACE
MEMPHIS,TN38105 		NONE 501(C)(3) CHARITABLE 200

SKIDMORE COLLEGE

815 NORTH BROADWAY
SARATOGA SPRINGS,NY12866 		NONE 501(C)(3) CHARITABLE 22,500

STATUE OF LIBERTY ELLIS ISLAND FOUNDATION INC

17 BATTERY PLACE SUITE 324
NEW YORK,NY10004 		NONE 501(C)(3) CHARITABLE 50,000

ST JOHNSBURY ACADEMY

1000 MAIN STREET PO BOX 906
ST JOHNSBURY,VT05819 		NONE 501(C)(3) CHARITABLECHARITABLE 2,500

STEAMBOAT MUSEUM AT IRVINGTON INC

PO BOX 132
IRVINGTON,VA22480 		NONE 501(C)(3) CHARITABLE 5,000

STONE BARNS RESTORATION CORP

630 BEDFORD ROAD
POCANTICO HILLS,NY10591 		NONE 501(C)(3) CHARITABLE 5,000

STUDENTS SHOULDER-TO-SHOULDER

PO BOX 4814
EDWARDS,CO81632 		NONE 501(C)(3) CHARITABLE 1,000

SUCCESS ACADEMY CHARTER SCHOOLS

95 PINE STREET 6TH FLOOR
NEW YORK,NY10005 		NONE 501(C)(3) CHARITABLE 25,000

THE BARUCH COLLEGE FUND

1 BERNARD BARUCH WAY
NEW YORK,NY10010 		NONE 501(C)(3) CHARITABLE 200

THE MASTERS SCHOOL

49 CLINTON AVENUE
DOBBS FERRY,NY10522 		NONE 501(C)(3) CHARITABLE 685,390

THE METROPOLITAN MUSEUM OF ART

1000 FIFTH AVENUE
NEW YORK,NY10028 		NONE 501(C)(3) CHARITABLE 14,495

THE ENGLISH CONCERT IN AMERICA INC

PO BOX 1253
NEW CANAAN,CT06840 		NONE 501(C)(3) CHARITABLE 5,000

TRUSTEES OF PHILLIPS ACADEMY

180 MAIN STREET
ANDOVER,MA01810 		NONE 501(C)(3) CHARITABLE 1,000

UNITED ANIMAL NATIONS (RED ROVER)

PO BOX 188890
SACRAMENTO,CA95818 		NONE 501(C)(3) CHARITABLE 1,000

UNITED STATES BOBSLEDSKELETON FOUNDATION

PO BOX 3726
CLARKSVILLE,TN37043 		NONE 501(C)(3) CHARITABLE 35,000

THE TIME IN CHILDREN'S ARTS INITIATIVE

723 HUMBOLDT STREET
BROOKLYN,NY11222 		NONE 501(C)(3) CHARITABLE 5,000

UNIVERSITY SETTLEMENT SOCIETY OF NEW YORK

184 ELDRIDGE STREET
NEW YORK,NY10002 		NONE 501(C)(3) CHARITABLE 500

THE VAIL JAZZ FOUNDATION INC

PO BOX 3035
VAIL,CO81658 		NONE 501(C)(3) CHARITABLE 2,500

VAIL MOUNTAIN SCHOOL

3000 BOOTH FALLS ROAD
VAIL,CO81657 		NONE 501(C)(3) CHARITABLE 329,100

THE SANTA FE OPERA

PO BOX 2408
SANTA FE,NM87504 		NONE 501(C)(3) CHARITABLE 50,000

VAIL VALLEY FOUNDATION

PO BOX 6550
AVON,CO81620 		NONE 501(C)(3) CHARITABLE 45,571

WAYUU TAYA FOUNDATION INC

12021 CINNAMON FERN DRIVE
RIVERVIEW,FL33579 		NONE 501(C)(3) CHARITABLE 110,000

WORLD CENTRAL KITCHEN

PO BOX 96538
WASHINGTON,DC20090 		NONE 501(C)(3) CHARITABLE 2,500

WALKING MOUNTAIN SCIENCE CENTER

318 WALKING MOUNTAINS LANE
AVON,CO81620 		NONE 501(C)(3) CHARITABLE 113,500

YALE UNIVERSITY

PO BOX 2038
NEW HAVEN,CT06521 		NONE 501(C)(3) CHARITABLE 12,500

YOUNG CONCERT ARTISTS INC

1776 BROADWAY SUITE 1500
NEW YORK,NY10019 		NONE 501(C)(3) CHARITABLE 55,500

THE EPISCOPAL DIOCESE OF MASSACHUSETTSST ANDREW'S EPISCOPAL CHURCH

79 DENTON ROAD
WELLESLEY,MA02482 		NONE 501(C)(3) CHARITABLE 1,000

TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK

615 WEST 113TH STREET
NEW YORK,NY10027 		NONE 501(C)(3) CHARITABLE 50,000
Total .................................right arrow 3a 7,020,186
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 ........... 		        154,923
4 Dividends and interest from securities ....         389,608
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 .....         3,860
8 Gain or (loss) from sales of assets other than
inventory ............ 		        4,097,248
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 0 4,645,639
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,645,639
(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.)
3 CHARITABLE CONTRIBUTIONS
4 CHARITABLE CONTRIBUTIONS
7 CHARITABLE CONTRIBUTIONS
8 CHARITABLE CONTRIBUTIONS
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 InvestmentsCorpStockSchedule
Name:
THE TANG FUND
EIN:
38-3973256
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 34,580 154,700

TY 2023 InvestmentsOtherSchedule2
Name:
THE TANG FUND
EIN:
38-3973256
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AMERICAN SECURITIES PARTNERS VII AT COST 66,034 500,673
ISZO CAPITAL PARTNERS LP AT COST 731,730 172,851
QVT OVERSEAS LTD. AT COST 553,853 2,815,943
RTW OFFSHORE FUND ONE LTD AT COST 1,354,616 10,897,883
SILCHESTER INTN'L INVESTORS VALUE EQUITY TRUST AT COST 747,381 2,732,425
TANG CAPITAL PARTNERS INT'L LTD AT COST 4,700,000 54,327,768
TAUBENPOST CAPITAL L.P. AT COST 2,000,000 5,027,727
WYNNEFIELD SMALL CAP VALUE OFFSHORE AT COST 367,143 1,810,203
SAMSARA BIOCAPITAL LP AT COST 2,265,578 4,391,085
TCW DIRECT LENDING VII LLC AT COST 244,269 622,287
AMERICAN SECURITIES PARTNERS VIII AT COST 444,598 680,814
EDGE PRINCIPAL INVESTMENT IV LP AT COST 646,621 1,106,721
CHINA ART INVESTMENT AT COST 25,000,000 28,155,000
RTW VENTURE FUND LTD AT COST 1,210,108 1,877,217
TOQUEVILLE SELECT FUND AT COST 0 651,275
COMMONFUND CAPITAL VENTURES VI LP AT COST 0 1,418
MPM BIOVENTURES IV AT COST 0 32,902
TCW DIRECT LENDING VI LLC AT COST 0 364,285

TY 2023 LegalFeesSchedule
Name:
THE TANG FUND
EIN:
38-3973256
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 7,675 0   0


TY 2023 OtherDecreasesSchedule
Name:
THE TANG FUND
EIN:
38-3973256
Description Amount
PARTNERSHIP ADJUSTMENTS(NET INCOME NOT INCLUDED IN BOOK VALUE-ORIGINAL COST) 1,232,485


TY 2023 OtherExpensesSchedule
Name:
THE TANG FUND
EIN:
38-3973256
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSES 210,305 210,305   0
FILING FEES 598 0   598
ART STORAGE AND INSURANCE FEES 30,051 0   0
DIRECT PROGRAM EXPENSES - YELLOW WHISTLE PROGRAM 7,050 0   7,050


TY 2023 OtherIncomeSchedule2
Name:
THE TANG FUND
EIN:
38-3973256
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MPM BIOVENTURES IV LP 3,581 3,581 3,581
SILCHESTER VALUE EQUITY INT'L 273 273 273
AMERICAN SECURITIES PARTNERS VIII LP 6 6 6


TY 2023 OtherIncreasesSchedule
Name:
THE TANG FUND
EIN:
38-3973256
Description Amount
DISTRIBUTIONS IN EXCESS OF ORIGINAL COST 3,575,460


TY 2023 TaxesSchedule
Name:
THE TANG FUND
EIN:
38-3973256
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 14,569 14,569   0
FEDERAL TAXES 75,000 0   0