TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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 Arnow Family Fund Inc

% David Arnow

Number and street (or P.O. box number if mail is not delivered to street address)675 THIRD AVENUE 27TH FL
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
New York, NY10017

A Employer identification number

13-3188773

B Telephone number (see instructions)

(212) 869-9700

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$46,944,983J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	41,212		41,212
4	Dividends and interest from securities...	456,784		456,784
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		417,981
b	Gross sales price for all assets on line 6a 42,285,822
7	Capital gain net income (from Part IV, line 2)...			398,893
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).......	List of Attached Documents: // Content	184,890	396,935
12	Total. Add lines 1 through 11........	1,100,867		1,293,824
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	153,275	141,275	12,000
17	Interest...............	25,086		25,086
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	30,000
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	1,100			1,100
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	399,624	340,652	48,574
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	609,085		507,013	61,674
25	Contributions, gifts, grants paid.......	3,200,000			3,200,000
26	Total expenses and disbursements. Add lines 24 and 25	3,809,085		507,013	3,261,674
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-2,708,218
b	Net investment income (if negative, enter -0-)			786,811
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	692,950	2,236,537	2,236,537
	3	Accounts receivable 5,644
		Less: allowance for doubtful accounts		5,644	5,644
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	13,193,016	List of Attached Documents: // Content 2,950,060	2,962,195
	b	Investments—corporate stock (attach schedule).......	5,620,983	List of Attached Documents: // Content 5,205,159	6,778,323
	c	Investments—corporate bonds (attach schedule).......	1,903,619	List of Attached Documents: // Content 4,270,357	4,317,696
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	21,320,240	List of Attached Documents: // Content 25,354,833	30,644,588
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	42,730,808	40,022,590	46,944,983
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	42,730,808	40,022,590
	29	Total net assets or fund balances (see instructions).....	42,730,808	40,022,590
	30	Total liabilities and net assets/fund balances (see instructions).	42,730,808	40,022,590

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

42,730,808

Enter amount from Part I, line 27a .....................

-2,708,218

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

40,022,590

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

40,022,590

Form 990-PF (2023)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b	Passthrough K1 Capital Gain/(Loss)
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	42,285,822	41,819,176	466,646
b			-67,753
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	398,893
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	10,937
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	10,937
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	10,937
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	31,444
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	31,444
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	20,507
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax11,000	Refunded	11	9,507

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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 Click to see attachment

List of Attached Documents:

// Content

.................

Yes

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

David Arnow Telephone no. right arrow

(212) 869-9700

Located at right arrow

675 Third Avenue 27New YorkNY ZIP+4 right arrow

10017

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
Benjamin Arnow	VP, Dir 5.0	0	0	0
675 THIRD AVENUE 27TH FL New York,NY10017	VP, Dir 5.0	0	0	0
Chloe Arnow	Dir 5.0	0	0	0
675 THIRD AVENUE 27TH FL New York,NY10017	Dir 5.0	0	0	0
David Arnow	Dir, Pres 5.0	0	0	0
675 THIRD AVENUE 27TH FL New York,NY10017	Dir, Pres 5.0	0	0	0
Eli Arnow	Dir 5.0	0	0	0
675 THIRD AVENUE 27TH FL New York,NY10017	Dir 5.0	0	0	0
Joshua Arnow	Dir, Sec 5.0	0	0	0
675 THIRD AVENUE 27TH FL New York,NY10017	Dir, Sec 5.0	0	0	0
Leslie Arnow	Dir 1.0	0	0	0
675 THIRD AVENUE 27TH FL New York,NY10017	Dir 1.0	0	0	0
Madeleine J Arnow	Dir, Treas 5.0	0	0	0
675 THIRD AVENUE 27TH FL New York,NY10017	Dir, Treas 5.0	0	0	0
Talia Arnow	Dir 5.0	0	0	0
675 THIRD AVENUE 27TH FL New York,NY10017	Dir 5.0	0	0	0
Elyse Arnow Brill	Dir 5.0	0	0	0
675 THIRD AVENUE 27TH FL New York,NY10017	Dir 5.0	0	0	0

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










Total number of other employees paid over $50,000...................

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

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

16,453,262

Average of monthly cash balances.......................

970,899

Fair market value of all other assets (see instructions)................

29,346,067

Total (add lines 1a, b, and c).........................

46,770,228

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

46,770,228

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

701,553

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

46,068,675

Minimum investment return. Enter 5% (0.05) of line 5................

2,303,434

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.)

Minimum investment return from Part IX, line 6..................

2,303,434

Tax on investment income for 2022 from Part V, line 5.......

10,937

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

10,937

Distributable amount before adjustments. Subtract line 2c from line 1............

2,292,497

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

2,292,497

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

2,292,497

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

3,261,674

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

3,261,674

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2023
1 Distributable amount for 2023 from Part X, line 7			2,292,497
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......	149,656
c From 2020......	2,273,913
d From 2021......	1,033,337
e From 2022......	1,470,661
f Total of lines 3a through e ........		4,927,567
4Qualifying distributions for 2023 from Part
XI, line 4: $ 3,261,674
a Applied to 2022, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2023 distributable amount.....			2,292,497
e Remaining amount distributed out of corpus		969,177
5 Excess distributions carryover applied to 2023.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		5,896,744
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		5,896,744
10 Analysis of line 9:
a Excess from 2019....	149,656
b Excess from 2020....	2,273,913
c Excess from 2021....	1,033,337
d Excess from 2022....	1,470,661
e Excess from 2023....	969,177

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 4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CHAMAH 473 EMPIRE BLVD BROOKLYN,NY11225	N/A	PC	General & Unrestricted	35,000
JEWISH COMMUNAL FUND 575 MADISON AVE STE 703 NEW YORK,NY10022	N/A	PC	Arnow Family Fund	610,000
JEWISH COMMUNAL FUND 575 MADISON AVE STE 703 NEW YORK,NY10022	N/A	PC	General & Unrestricted	2,555,000
Total ................................. 3a				3,200,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	41,212
4 Dividends and interest from securities ....			14	456,784
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 ............	525990	19,738	18	398,243
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK-1 Inc/Loss	525990	-221,168	14	384,634
bFederal Tax Refund			01	4,772
cSTATE TAX REFUND			01	4,350
dINCOME FROM PFICS			01	12,208
eCLASS ACTION LAWSUIT PROCEEDS			01	94
12 Subtotal. Add columns (b), (d), and (e) ..		-201,430		1,302,297

13Total. Add line 12, columns (b), (d), and (e)..................

1,100,867

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

TY 2023 GeneralExplanationAttachment

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Identifier	Return Reference	Explanation
PART I LINE 6A (990-PF)	PART I LINE 6A (990-PF)	RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $398,243 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $19,738 TOTAL PART I, LINE 6A: $417,981 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $42,285,822 BOOK BASIS: $41,819,826 NET GAIN/(LOSS): $465,996 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $(67,753)
FORM 990-PF	FORM 990-PF	One or more partnerships in which the foundation was invested in 2023 have provided a Schedule K-1 indicating that a Schedule K-3 would be provided, but it was not provided. As a result, there is insufficient information to allow Foundation Source, as tax preparer, to ascertain whether there is missing information about direct or indirect foreign investments that might have affected any item on this return or required additional forms to be filed. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
FORM 990-PF	FORM 990-PF	One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in Part I but not provided sufficient back-up information to allow the Foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
Form 8865	Form 8865	The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC - 3.200% - 11/21/20	34,918	37,438
AIR PRODUCTS AND CHEMICALS INC	56,064	50,731
AMERICAN EXPRESS - 6.338% - 10	45,172	45,894
AMERICAN EXPRESS CO - 3.950% -	146,473	147,595
AMERICAN HONDA FIN CORP - 1.20	35,663	33,172
AMERICAN TOWER CORP - 3.125% -	30,184	28,373
AMGEN INC - 2.200% - 02/21/202	47,711	46,523
ANTHEM INC NOTE - 3.650% - 12/	52,614	48,431
AON GLOBAL LTD - 3.500% - 06/1	44,113	44,549
ASTRAZENECA FINANCE LLC NOTE -	46,530	45,919
AT&T INC - 4.300% - 02/15/2030	45,008	49,037
BANK AMER CORP - 4.125% - 01/2	148,669	149,878
BK OF AMERICA CORP SER N MTN -	67,365	74,292
BOSTON PPTYS - 3.800% - 02/01/	10,429	9,981
CANADIAN PAC RY CO - 1.750% -	13,414	13,838
CITIGROUP INC BND - 3.300% - 0	145,584	146,509
CITIGROUP INC NOTE - 4.910% -	66,753	73,562
COMCAST CORP - 3.150% - 03/01/	144,741	145,668
COMCAST CORP - 3.300% - 02/01/	94,826	86,880
CVS CAREMARK CORP NOTE - 4.300	46,893	49,210
CVS HEALTH - 3.875% - 07/20/20	146,683	147,431
DISNEY WALT CO - 2.000% - 09/0	45,198	48,821
DISNEY WALT CO - 2.950% - 06/1	141,519	144,041
GOLDMAN SACHS - 3.814% - 04/23	44,975	47,501
HEALTH CARE REIT - 4.000% - 06	19,447	19,634
HEALTHPEAK PROPERTIES INC NT -	19,880	17,575
HOME DEPOT INC - 2.950% - 06/1	137,943	141,133
INTEL - 3.750% - 08/05/2027	49,948	49,012
INTEL CORP - 3.900% - 03/25/20	141,788	145,341
JOHN DEER CAPITAL - 4.950% - 0	68,385	71,830
JP MORGAN CHASE - 3.125% - 01/	145,919	146,865
JPMORGAN CHASE BK - 5.350% - 0	69,516	76,144
LOCKHEED MARTIN CORP NOTE - 5.	55,980	56,800
LONGVIEW TX TBLE-REF LTD - 0.7	55,000	54,048
LOWES COS INC NOTE CALL - 2.50	51,572	47,623
MCDONALDS CORP MED TERM NT - 3	143,535	145,816
MEDTRONIC GLOBAL HLDGS S C A N	49,594	49,838
MERCK &CO INC NT - 1.900% - 12	70,947	72,024
MORGAN STANLEY SER I MTN CALL	61,787	59,916
NORTHROP GRUMMAN CORP - 3.250%	45,592	47,799
PAYPAL HLDGS INC - 1.650% - 06	51,379	52,502
PEPSICO INC - 3.600% - 02/18/2	146,387	146,921
PNC FINL SVCS - 5.068% - 01/24	44,219	49,011
ROYAL BK OF CANADA - 2.050% -	52,455	51,109
STATE STR CORP NOTE - 2.354% -	50,154	48,743
TARGET CORP NOTE - 4.500% - 09	147,797	151,500
TORONTO DOMINION BANK - 1.950%	70,611	69,330
TOYOTA MTR CR CORP SER B MTN C	140,238	143,125
U S BANCORP - 3.150% - 04/27/2	139,605	142,785
UNION PAC CORP NOTE - 4.750% -	45,563	45,295
UNITEDHEALTH GROUP INC - 2.875	136,083	139,223
UNITEDHEALTH GROUP INC - 3.850	67,796	68,520
VENTURA CNTY CALIF CMNTY COLLE	40,000	39,279
VERIZON COMMUNICATIONS INC - 2	61,834	58,852
WASTE MGMT INC - 4.875% - 02/1	46,088	51,094
WELLS FARGO & CO - 3.000% - 04	141,816	143,735

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	8,198	15,630
ABBVIE INC	31,697	34,248
ADOBE SYSTEMS, INC	68,746	110,968
ADVANCED MICRO DEVICES INC	14,427	22,996
AGILENT TECHNOLOGIES INC	19,653	32,533
AIR PRODS & CHEM INC	1,179	1,369
AIRBNB	10,381	11,163
AKAMAI TECH COM STK	16,122	20,593
ALBEMARLE CP	1,266	1,445
ALIGN TECHNOLOGY, INC	3,042	3,836
ALPHABET INC CL C	42,622	141,071
AMER INTERNATIONAL GROUP INC	8,689	11,314
AMERICAN EXPRESS CO	6,378	8,618
AMERICAN TOWER REIT INC	10,335	10,794
AMERICAN WATER WORKS COMPANY I	40,652	40,917
AMERIPRISE FINANCIAL INC	26,313	42,161
AMGEN INC	8,765	9,793
AMPHENOL CORPORATION	19,825	32,515
ANALOG DEVICES INC	13,852	30,975
AON PLC CL A	25,959	40,161
APPLE INC	29,094	204,081
APPLIED MATERIALS INC	32,839	62,235
ARCH CAPITAL GROUP LTD	1,423	1,485
ARCHER DANIELS MDLND	5,157	4,550
ARISTA NETWORKS	4,393	8,007
AT&T, INC	24,197	19,045
AUTOMATIC DATA PROCESSING INC	14,190	17,007
BALL CP	48,712	52,573
BANK OF AMERICA CORP	29,556	34,714
BECTON DICKINSON & CO	991	1,219
BLACKROCK INC	1,297	1,624
BOEING CO	9,095	17,725
BOOKING HOLDINGS INC	47,137	85,133
BRISTOL-MYERS SQUIBB CO	5,249	4,464
BROADCOM INC	72,531	158,507
CADENCE DESIGN SYSTEMS INC	6,050	6,809
CAESARS ENTERTAINMENT INC	5,515	5,391
CARRIER GLOBAL	25,608	36,079
CBRE GROUP	2,659	3,351
CDW CORP	10,389	14,776
CHARLES SCHWAB CORP	2,746	2,546
CHARTER COMMUNICATIONS, INC	11,642	10,494
CHUBB LIMITED	25,162	28,702
CIGNA CORPORATION	736	1,497
CINTAS CRP	17,769	22,298
CISCO SYSTEMS INC	35,282	42,437
CITIGROUP INC	1,361	1,492
CME GROUP, INC	41,744	48,017
COGNIZANT TECHNOLOGY SOLUTIONS	32,006	33,686
COLGATE-PALMOLIVE COMPANY	26,978	27,978
COMCAST CORP	34,403	36,922
CONSTELLATION ENERGY GROUP INC	15,015	21,975
COPART INC	5,450	15,484
CORTEVA INC	10,463	8,721
COSTAR GROUP, INC	4,145	4,719
COSTCO WHOLESALE CORPORATION	56,906	76,569
CSX CORP	6,431	7,211
CUMMINS INC	29,901	42,643
D R HORTON	5,846	7,903
DANAHER CORP	40,833	49,275
DARDEN RESTAURANTS INC	30,029	32,367
DEERE CO	13,636	14,795
DIGITAL RLTY TR INC	26,185	28,531
DOLLAR TREE INC	2,107	2,841
DOW INC	712	1,371
DU PONT DE NEMOURS	974	2,308
EATON CORP PLC	4,608	9,633
EBAY INC	17,799	19,891
ECOLAB INC	29,825	35,108
EDWARDS LIFESCIENCES	21,760	20,969
ELEVANCE HEALTH INC	3,930	3,772
ELI LILLY & CO	63,006	89,770
EMERSON ELECTRIC CO	40,558	52,558
EQUINIX, INC	2,730	4,027
EQUITY RESIDENTIAL PPTYS TR	1,383	1,407
ESTEE LAUDER COMPANIES INC	34,893	20,768
ETSY INC	2,146	1,864
EVERSOURCE ENERGYINC	22,266	22,034
EXELON CORPORATION	899	1,328
FIFTH THIRD BANCORP	25,013	34,524
FISERV, INC	26,324	32,014
FORD MOTOR COMPANY	6,416	6,436
FORTINET INC	9,706	8,311
FORTIVE CORPORATION	1,441	1,546
GARMIN LTD	1,079	1,414
GARTNER INC	8,032	12,180
GE HEALTHCARE TECHNOLOGIES INC	1,433	1,392
GENERAL MILLS INC	987	1,238
GILEAD SCIENCES INC	1,420	1,539
GRAINGER W W INC	5,212	9,116
HEWLETT PACKARD ENTERPRISE CO	27,669	29,291
HILTON WORLDWIDE HOLDINGS, INC	763	2,003
HOLOGIC, INC	25,810	25,436
HOME DEPOT INC	74,893	103,272
HOWMET AEROSPACE ORD SHS	1,433	1,569
HP INC	6,909	5,657
IDEXX CORP	2,898	3,330
ILLINOIS TOOL WORKS	14,207	20,955
INTEL CORP	11,367	15,779
INTERCONTINENTAL EXCHANGE, INC	1,493	1,670
INTUIT	55,973	109,380
INTUITIVE SURGICAL	15,013	19,230
JABIL CIRCUIT INC	10,235	9,810
JOHNSON & JOHNSON	32,482	37,618
JP MORGAN CHASE	58,272	62,257
KIMBERLY CLARK CORP	1,291	1,337
KIMCO RLTY CORP	28,177	30,154
KLA TENCOR CORP	3,254	4,069
KRAFT HEINZ CO	6,472	7,470
L3HARRIS TECHNOLOGIES	1,135	1,474
LAM RESEARCH CORP	1,329	3,133
LAS VEGAS SANDS CORP	1,131	1,575
LINDE PLC COM	19,618	39,428
LKQ CORPORATION	2,923	2,820
LOCKHEED MARTIN CORP	5,378	5,439
LOEWS CORP	17,402	19,137
LOWES COMPANIES INC	13,396	14,911
LULULEMON ATHLETICA INC	2,143	2,556
LYONDELLBASELL INDUSTRIES NV	21,320	22,059
MARRIOTT INTERNATIONAL INC. CL	3,445	4,059
MARSH AND MCLENNAN COMPANIES I	4,890	9,095
MASTERCARD INC	32,432	51,181
MEDTRONIC PLC	5,384	5,519
MERCK & CO INC	81,578	113,490
METLIFE INC	33,108	37,297
MICRON TECHNOLOGY	1,456	2,048
MICROSOFT CORP	201,025	447,863
MONDELEZ INTERNATIONAL INC	38,677	54,830
MONSTER BEVERAGE CORP	5,303	7,028
MORGAN STANLEY	29,685	48,677
NETAPP, INC	1,354	1,940
NETFLIX INC	81,901	90,560
NEWS CORP LTD ADR	7,861	11,445
NEWS CORP LTD CL A	1,318	1,473
NEXTERA ENERGY, INC	5,691	6,013
NVIDIA CORP	68,367	136,186
OLD DOMINION FREIGHT LINE	8,469	11,349
ON SEMICONDUCTOR	5,422	6,766
OTIS WORLDWIDE CORP	12,336	12,705
PACCAR INC	9,831	11,816
PALO ALTO NETWORKS INC	1,974	2,359
PAYPAL HOLDINGS, INC	7,221	6,202
PEPSICO INC	28,343	36,176
PFIZER INC	15,830	14,107
PNC FINANCIAL GROUP INC	1,203	1,549
POOL CORP	6,810	7,974
PPG INDUSTRIES INC	903	1,645
PROCTER GAMBLE CO	33,970	33,118
PROGRESSIVE CORP OHIO	2,171	6,212
PROLOGIS	35,013	36,258
PUBLIC STORAGE INC	4,888	7,625
PUBLIC SVC ENTERPRISE GROUP IN	4,026	4,647
PULTE GROUP INC	1,103	1,548
QUALCOMM INC	15,568	18,802
QUANTA SVCS INC	1,287	1,511
RALPH LAUREN CORP	35,786	53,642
RAYTHEON TECHNOLOGIES CORP	10,495	12,537
REGENERON PHARMACEUTICALS INC	29,458	57,089
ROYAL CARRIBEAN CRUISE	1,430	1,942
S&P GLOBAL INC COM	27,997	37,004
SALESFORCE.COM	18,684	27,630
SEAGATE TECHNOLOGY HOLDINGS PL	3,495	4,610
SEMPRA ENERGY COM	21,585	24,960
SERVICE NOW	10,656	15,543
SHERWIN-WILLIAMS CO	6,686	6,238
SIMON PPTY GROUP INC	1,208	1,569
SPDR BARCLAYS 1 TO 10 YEAR TIP	1,352,128	1,285,460
SPDR S&P 500 ETF TRUST	112,306	115,025
STEEL DYNAMICS INC	14,229	15,589
STRYKER CORPORATION	14,161	14,973
SYNOPSYS, INC	6,500	7,209
T-MOBILE US INC	73,700	85,777
TARGET CORPORATION	14,075	12,106
TE CONNECTIVITY LTD	25,798	30,770
TELEDYNE TECH INC	11,537	11,604
TESLA MOTORS INC	59,150	54,914
TEXAS INSTRUMENTS INC	6,598	9,546
THE BLACKSTONE GROUP INC CL A	6,624	8,248
THE COCA-COLA CO	34,325	41,781
THE MOSAIC CO	1,550	1,644
THERMO FISHER SCIENTIFIC INC	16,000	20,701
TJX COMPANIES INC	59,030	86,774
TRACTOR SUPPLY CO COM	1,389	1,505
TRANSDIGM GRP INC	6,801	8,093
TRIMBLE NAV LTD	23,353	20,322
TRUIST FINANCIAL CORPORATION	1,402	1,883
UNION PACIFIC	26,905	29,229
UNITED RENTALS INC	287	2,294
UNITEDHEALTH GROUP INC	34,795	58,438
US BANCORP	1,373	1,904
VALMONT INDUSTRIES INC	25,738	24,519
VERALTO CORPORATION	1,634	1,481
VERISIGN INC	30,549	28,011
VERIZON COMMUNICATIONS	28,370	22,356
VERTEX PHARMCTLS INC	32,839	62,661
VISA INC	79,180	155,950
WALGREENS BOOTS ALLIANCE	6,437	7,702
WELLTOWER INC.	7,183	8,025
WESTERN DIGITAL CORP	9,446	7,594
WESTINGHOUSE AIR BRAKE TECHNOL	27,170	45,938
XYLEM INC	35,765	43,342
YUM BRANDS INC	4,041	7,578
ZEBRA TECHNOLOGIES CORP	10,204	7,107
ZOETIS INC	5,367	6,118

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

US Government Securities - End of Year Book Value:

2,173,146

US Government Securities - End of Year Fair Market Value:

2,175,147

State & Local Government Securities - End of Year Book Value:

776,914

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

787,048

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Category/ Item	Book Value	End of Year Fair Market Value
AC CARBON LP (AETOS II)	1,480,482	1,908,906
ACRE VENTURE PARTNERS III, L.P	102,080	102,483
AVANATH AFFORDABLE HOUSING IV,	460,223	435,662
AZOLLA VENTURES FULL-CYCLE FUN	32,662	29,536
BETTER VENTURES FUND III, LP	180,172	357,961
BLUE HIGHWAY GROWTH CAPITAL FU	217,884	223,995
BOSTON COMMON INT'L SUSTAINABL	3,132,705	3,657,332
CLEAN ENERGY FUND CLASS C ABSO	504,355	600,993
CLEAN ENERGY VENTURE FUND II,	73,269	72,756
CLEAN GROWTH FUND IV, LP	40,225	70,062
CLEAN GROWTH FUND V, LP	201,862	289,192
ECOSYSTEM INTEGRITY FUND IV, L	126,545	154,866
EIF-V	71,847	80,696
ELEVAR EQUITY IV, LP	274,024	863,849
GENERATION IM ASIA FUND L.P	1,210,939	1,314,950
GENERATION IM SUSTAINABLE SOLU	225,000	177,820
HULL STREET ENERGY PARTNERS I,	83,748	346,919
HULL STREET ENERGY PARTNERS II	286,485	806,773
ILLUMEN CAPITAL II, LP	93,936	95,994
ILLUMEN CAPITAL, LP	272,598	331,591
IMPACT ENGINE PRIVATE EQUITY F	126,921	146,591
INVESTECO SUSTAINABLE FOOD FUN	364,746	715,360
LANSDOWNE CLEAN ENERGY FUND IC	497,350	944,539
MAJ INVEST GLOBAL VALUE EQUITI	2,594,520	2,965,776
OWNERSHIP CAPITAL GLOBAL EQUIT	2,099,042	2,429,539
PARK STREET CAPITAL NATURAL RE	10,364	3,248
PARK STREET CAPITAL NATURAL RE	9,425	5,719
PARK STREET CAPITAL NATURAL RE	40,487	45,397
ROSE AFFORDABLE HOUSING PRESER	202,393	478,825
RRG GLOBAL PARTNERS FEEDER FUN	244,044	274,869
RRG SUSTAINABLE WATER IMPACT F	184,270	233,325
SPRING LANE CAPITAL OFFSHORE F	83,764	78,558
STEWART INVS GEMSL FD (DST)	1,199,769	1,207,310
SUMMIT SUSTAINABLE OPPORTUNITI	1,500,000	1,565,946
SUSTAINABLE ASSET FUND II (CAY	352,233	504,204
SUSTAINABLE ASSET FUND III (US	300,926	276,169
SUSTAINABLE ASSET FUND LP	152,513	126,357
TERRA ALPHA GLOBAL EQUITY FUND	3,000,776	3,229,897
TRUE GREEN CAPITAL FUND III L.	20,249	113,373
GREENBACKER RENEWABLE EN II	2,000,000	2,038,398
IMPACTIVE CAPITAL FUND 3E	650,000	673,501
IMPACTIVE CAPITAL FUND 4E	650,000	665,351

- TIN:

TY 2023 OtherExpensesSchedule

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	42,969		42,969
Foundation Dues & Memberships	4,700		4,700
K-1 Exp AC CARBON LP (AETOS II	12,260	12,260
K-1 Exp ACRE VENTURE PARTNERS	12,308	12,308
K-1 Exp AVANATH AFFORDABLE HOU	5
K-1 Exp AZOLLA VENTURES FULL-C	22,718	22,718
K-1 Exp BETTER VENTURES FUND I	5,743	5,743
K-1 Exp BLUE HIGHWAY GROWTH CA	7,459	7,459
K-1 Exp BOSTON COMMON INT'L SU	15,740	11,426
K-1 Exp CLEAN ENERGY VENTURE F	13,428	13,428
K-1 Exp CLEAN GROWTH FUND IV,	3,326	3,322
K-1 Exp CLEAN GROWTH FUND V, L	9,838	9,743
K-1 Exp ECOSYSTEM INTEGRITY FU	6,855	6,797
K-1 Exp EIF-V	8,229	8,229
K-1 Exp ELEVAR EQUITY IV, LP	7,341	7,340
K-1 Exp GENERATION IM ASIA FUN	14,455	14,455
K-1 Exp HULL STREET ENERGY PAR	13,693	9,089
K-1 Exp ILLUMEN CAPITAL II, LP	11,989	11,989
K-1 Exp ILLUMEN CAPITAL, LP	16,990	16,782
K-1 Exp IMPACT ENGINE PRIVATE	19,258	19,258
K-1 Exp INVESTECO SUSTAINABLE	4,302	4,302
K-1 Exp MAJ INVEST GLOBAL VALU	23,077	23,077
K-1 Exp OWNERSHIP CAPITAL GLOB	11,271	11,019
K-1 Exp PARK STREET CAPITAL NA	348	348
K-1 Exp PARK STREET CAPITAL NA	1,025	811
K-1 Exp PARK STREET CAPITAL NA	1,768	1,400
K-1 Exp ROSE AFFORDABLE HOUSIN	111	111
K-1 Exp RRG SUSTAINABLE WATER	2,053	2,053
K-1 Exp SPRING LANE CAPITAL OF	27,869	27,861
K-1 Exp STEWART INVS GEMSL FD	9,911	9,911
K-1 Exp SUSTAINABLE ASSET FUND	15,004	15,004
K-1 Exp SUSTAINABLE ASSET FUND	4,223	4,223
K-1 Exp SUSTAINABLE ASSET FUND	1,007	1,007
K-1 Exp TERRA ALPHA GLOBAL EQU	40,357	40,357
K-1 Exp TRUE GREEN CAPITAL FUN	7,089	6,822
State or Local Filing Fees	750		750
Website Hosting/Support	155		155

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Description	Revenue And Expenses Per Books	Net Investment Income
K-1 Inc/Loss AVANATH AFFORDABLE HOUSING IV, LLC	-8,280	-8,280
K-1 Inc/Loss AZOLLA VENTURES FULL-CYCLE FUND I, L	330	330
K-1 Inc/Loss BETTER VENTURES FUND III, LP	422	422
K-1 Inc/Loss BLUE HIGHWAY GROWTH CAPITAL FUND, LP	13,792	13,792
K-1 Inc/Loss BOSTON COMMON INT'L SUSTAINABLE CLIM	112,117	112,117
K-1 Inc/Loss CASH MONEY MARKET FUND
K-1 Inc/Loss CLEAN ENERGY FUND CLASS C ABSOLUTE S	2,293	2,293
K-1 Inc/Loss CLEAN ENERGY VENTURE FUND II, LP #79	283	283
K-1 Inc/Loss CLEAN GROWTH FUND IV, LP	-979	392
K-1 Inc/Loss CLEAN GROWTH FUND V, LP	4,007	-1,292
K-1 Inc/Loss ECOSYSTEM INTEGRITY FUND IV, L.P	18	18
K-1 Inc/Loss EIF-V	76	76
K-1 Inc/Loss ELEVAR EQUITY IV, LP	200	200
K-1 Inc/Loss GENERATION IM ASIA FUND L.P	35,242	35,242
K-1 Inc/Loss HULL STREET ENERGY PARTNERS II, L.P	-357,065	4,010
K-1 Inc/Loss ILLUMEN CAPITAL II, LP	222	222
K-1 Inc/Loss ILLUMEN CAPITAL, LP	698	698
K-1 Inc/Loss IMPACT ENGINE PRIVATE EQUITY FUND II	-3,885	-795
K-1 Inc/Loss INVESTECO SUSTAINABLE FOOD FUND II,	2,109	2,109
K-1 Inc/Loss LANSDOWNE CLEAN ENERGY FUND ICAV	31,245	31,245
K-1 Inc/Loss MAJ INVEST GLOBAL VALUE EQUITIES FUN	61,143	61,143
K-1 Inc/Loss OWNERSHIP CAPITAL GLOBAL EQUITY (USD	9,145	9,145
K-1 Inc/Loss PARK STREET CAPITAL NATURAL RESOURCE	341	353
K-1 Inc/Loss PARK STREET CAPITAL NATURAL RESOURCE	1,302	788
K-1 Inc/Loss PARK STREET CAPITAL NATURAL RESOURCE	4,230	1,807
K-1 Inc/Loss ROSE AFFORDABLE HOUSING PRESERVATION	3,561	3,561
K-1 Inc/Loss RRG SUSTAINABLE WATER IMPACT FD B LP	7,740	7,740
K-1 Inc/Loss SPRING LANE CAPITAL OFFSHORE FUND II	5,041	3,527
K-1 Inc/Loss STEWART INVS GEMSL FD (DST)	22,274	22,274
K-1 Inc/Loss SUSTAINABLE ASSET FUND II (CAYMAN) L	8,106	8,106
K-1 Inc/Loss SUSTAINABLE ASSET FUND III (US FEEDE	12,418	12,418
K-1 Inc/Loss SUSTAINABLE ASSET FUND LP	-10,281	889
K-1 Inc/Loss TERRA ALPHA GLOBAL EQUITY FUND LP	59,150	59,150
K-1 Inc/Loss TRUE GREEN CAPITAL FUND III L.P	146,451	650
Class Action Lawsuit Proceeds	94	94
Federal Tax Refund	4,772
Income from PFICs	12,208	12,208
State Tax Refund	4,350

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	141,275	141,275
Philanthropic Consulting Srvcs	12,000			12,000

- TIN:

TY 2023 TaxesSchedule

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023	20,500
990-T Extension for 2022	4,900
STATE INCOME TAX 2022	4,600