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
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 12-01-2022 , and ending 11-30-2023
Name of foundation
HESS FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)14 SYLVAN WAY 3RD FL
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PARSIPPANY, NJ07054
A Employer identification number

22-1713046
B Telephone number (see instructions)

(973) 403-7997
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$1,073,022,816J 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) 21,547,444
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 12,303,388 12,303,388  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
-12,482,697
b Gross sales price for all assets on line 6a 20,450,591
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
199,597 445,264  
12 Total. Add lines 1 through 11........ 21,567,732 12,748,652  
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
79,869 0   79,869
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
285,596 142,798   142,798
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
934,933 573,760   361,173
17 Interest............... 4,048,312 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
402,745 30,958   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 7,200 0   7,200
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,244,037 2,030,137   1,489
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 8,002,692 2,777,653   592,529
25 Contributions, gifts, grants paid....... 40,981,500 40,981,500
26 Total expenses and disbursements. Add lines 24 and 25 48,984,192 2,777,653   41,574,029
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -27,416,460
b Net investment income (if negative, enter -0-) 9,970,999
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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............. 15,903,824 6,211,414 6,211,414
2 Savings and temporary cash investments......... 3,018 283,979 283,979
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) 0 Click to see attachment
List of Attached Documents:
// Content
9,957,761 		10,281,202
b Investments—corporate stock (attach schedule)....... 43,142,595 Click to see attachment
List of Attached Documents:
// Content
40,208,431 		819,971,534
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).......... 135,385,743 Click to see attachment
List of Attached Documents:
// Content
153,357,135 		235,274,687
14 Land, buildings, and equipment: basis right arrow1,000,000
Less: accumulated depreciation (attach schedule) right arrow   1,000,000 1,000,000 1,000,000
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 195,435,180 211,018,720 1,073,022,816
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
50,000,000 		Click to see attachment
List of Attached Documents:
// Content
93,000,000
23 Total liabilities (add lines 17 through 22)......... 50,000,000 93,000,000
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........... 145,435,180 118,018,720
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 145,435,180 118,018,720
30 Total liabilities and net assets/fund balances (see instructions). 195,435,180 211,018,720
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
145,435,180
2
Enter amount from Part I, line 27a .....................
2
-27,416,460
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
118,018,720
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
118,018,720
Form 990-PF (2022)
Form 990-PF (2022)
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 CIRCLE 9 NON-OPERATED WI FUND I, LP P 2014-12-01 2023-11-30
b DARBY LATIN AMERICAN PRIVATE EQUITY FUND P 2014-12-01 2023-11-30
c GQG PARTNERS EMERGING MARKET EQUITY P 2014-12-01 2023-11-30
d GS CAPITAL PARTNERS VI PARALLEL, LP P 2014-12-01 2023-11-30
e GSP 3.0 FUND, LP P 2014-12-01 2023-11-30
KKR 2006 ALLSTAR BLOCKER LP P 2014-12-01 2023-11-30
KKR 2006 FUND (OVERSEAS) P 2014-12-01 2023-11-30
KKR 2006 FUND LP P 2014-12-01 2023-11-30
KKR ASIAN FUND P 2014-12-01 2023-11-30
KKR EUROPEAN FUND IV LP P 2014-12-01 2023-11-30
KKR NORTH AMERICA FUND XI LP P 2014-12-01 2023-11-30
KKR NORTH AMERICA XI (CAGE) BLOCKER PARENT P 2014-12-01 2023-11-30
KKR NORTH AMERICA XI (INDIGO) BLOCKER PARENT L.P. P 2014-12-01 2023-11-30
KKR NORTH AMERICA XI (POTAMOI) BLOCKER P 2014-12-01 2023-11-30
KKR NORTH AMERICA XI (TRAIN) BLOCKER PARENT P 2014-12-01 2023-11-30
KKR REPA AIV-1 P 2014-12-01 2023-11-30
KKR REPA AIV-2 FEEDER L.P P 2014-12-01 2023-11-30
KKR REPA AIV-3 FEEDER L.P P 2014-12-01 2023-11-30
MANTIS CAPITAL FUND II, LP P 2014-12-01 2023-11-30
NEWPORT ASIA PARTNERS FUND, LP P 2014-12-01 2023-11-30
OAKTREE VALUE EQUITY FUND P 2014-12-01 2023-11-30
PUBLIC TREATED SECURITIES P 2014-12-01 2023-11-30
WEST STREET CAPITAL PARTNERS VII - PARALLEL LP P 2014-12-01 2023-11-30
WEST STREET CAPITAL PARTNERS VIII PARALLEL, L.P. P 2014-12-01 2023-11-30
(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     4,747 -4,747
b     642,219 -642,219
c     545,376 -545,376
d 90,424     90,424
e 630     630
74     74
    22,754 -22,754
163,029     163,029
497     497
349,740     349,740
578,060     578,060
32,741     32,741
939,134     939,134
15,210     15,210
7,024     7,024
190     190
    236 -236
    6,749 -6,749
    733 -733
3,790     3,790
525,204     525,204
17,394,550   31,676,359 -14,281,809
350,294     350,294
    1,154 -1,154
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       -4,747
b       -642,219
c       -545,376
d       90,424
e       630
      74
      -22,754
      163,029
      497
      349,740
      578,060
      32,741
      939,134
      15,210
      7,024
      190
      -236
      -6,749
      -733
      3,790
      525,204
      -14,281,809
      350,294
      -1,154
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 -12,449,736
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  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
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) 1 138,597
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........................... 3 138,597
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- ..... 5 138,597
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 347,898
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 347,898
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 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 10 209,301
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow209,301 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right 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 2022 or the taxable year beginning in 2022? 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
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
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 arrowJOSEPH ARNONE HESS FOUNDATIONINC Telephone no.right arrow (973) 403-7997

Located atright arrow14 SYLVAN WAYPARSIPPANYNJ ZIP+4right arrow07054
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 2022, 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
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
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
Yes
 
b
If "Yes," did it have excess business holdings in 2022 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 2022.) .....................
3b
 
No
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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
CONSTANCE WILLIAMSCO HESS FOUNDATN DIRECTOR, VICE PRESIDENT
1.00 		0 0 0
14 SYLVAN WAY 3RD FLOOR
PARSIPPANY,NJ07054
EUGENE WGOODWILLIE JR CO HESS FND DIRECTOR, TREASURER
2.00 		0 0 0
14 SYLVAN WAY 3RD FLOOR
PARSIPPANY,NJ07054
JOHN B HESS CO HESS FOUNDATION DIRECTOR, PRESIDENT
5.00 		0 0 0
14 SYLVAN WAY 3RD FLOOR
PARSIPPANY,NJ07054
THOMAS H KEAN CO HESS FOUNDATION DIRECTOR, SECRETARY
1.00 		0 0 0
14 SYLVAN WAY 3RD FLOOR
PARSIPPANY,NJ07054
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 (2022)
Form 990-PF (2022)
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
HESS GROUP LLC INV ADV/ADMIN 722,347
1185 AVENUE OF THE AMERICAS
NEW YORK,NY10036
MONTICELLO ASSOCIATES INC INV ADV 150,000
1800 LARIMER STREET SUITE 2100
DENVER,CO80202
COHNREZNICK LLP ACCOUNTING AND TAX 140,896
14 SYLVAN WAY 3RD FLOOR
PARSIPPANY,NJ07054
ANDERSEN TAX LLC ACCOUNTING 89,900
1700 E PUTNAM AVE STE 408
OLD GREENWICH,CT06870
GOLDMAN SACHS INV ADV 62,586
200 WEST STREET
NEW YORK,NY10282
Total number of others receiving over $50,000 for professional services.............right arrow1
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
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
1,076,505,707
b
Average of monthly cash balances.......................
1b
1,563,926
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
1,078,069,633
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
1,078,069,633
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
16,171,044
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,061,898,589
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
53,094,929
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
53,094,929
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
138,597
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
138,597
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
52,956,332
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
52,956,332
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
52,956,332
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
41,574,029
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
41,574,029
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 52,956,332
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019...... 6,213,072
d From 2020...... 20,864,727
e From 2021......  
f Total of lines 3a through e ........ 27,077,799
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 41,574,029
a Applied to 2021, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 41,574,029
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 11,382,303 11,382,303
(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 15,695,496
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		15,695,496
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020.... 15,695,496
d Excess from 2021....  
e Excess from 2022....  
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, 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) 2022 (b) 2021 (c) 2020 (d) 2019
         
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 (2022)
Form 990-PF (2022)
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

50 WAYS FOUNDATION INC

1131 CAMPUS DRIVE
MORGANVILLE,NJ07751 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000

ACADEMY OF MUSIC RESTORATION FUND

ONE SOUTH BROAD STREET 14TH FLOOR
PHILADELPHIA,PA19102 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

ACADEMY OF NATURAL SCIENCES

1900 BENJAMIN FRANKLIN PKY
PHILADELPHIA,PA19103 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000

AFRICAN AMERICAN MUSEUM IN PHILDELPHIA

NW CORNER 7TH ARCH STS
PHILADELPHIA,PA19106 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000

ALS ASSOCIATION

1275 K STREET NW
WASHINGTON,DC20005 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000

AMERICAN MUSEUM OF NATURAL HISTORY

200 CENTRAL PARK WEST
NEW YORK,NY10004 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000

ANIMAL CARE AND CONTROL TEAM

111 W HUNTING PARK AVE
PHILADELPHIA,PA19140 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 150,000

ANTI-DEFAMATION LEAGUE OF NEW ENGLAND

605 THIRD AVENUE
NEW YORK,NY10158 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 15,000

ANTI-DEFAMATION LEAGUE

1500 MARKET STREET SUITE 2415
PHILADELPHIA,PA19102 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 40,000

ART OF THE RURAL

960 W KING STREET
WINONA,MN55987 		  PC LONG MATCH ARTS FUND 4,000

BABY2BABY

6435 WILSHIRE BLVD
LOS ANGELES,CA90048 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 125,000

BARNARD COLLEGE

3009 BROADWAY
NEW YORK,NY10027 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 250,000

BARNES FOUNDATION

2025 BENJAMIN FRANKLIN PKY
PHILADELPHIA,PA19130 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000

BATES COLLEGE

2 ANDREWS ROAD
LEWISTON,ME04240 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

BETH DAVID REFORM CONGREGATION

1130 VAUGHAN LANE
GLADWYNE,PA19135 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 38,000

BETH DAVID REFORM SYNAGOGUE

1130 VAUGHAN LANE
GLADWYNE,PA19135 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000

BRANDYWINE WORKSHOP AND ARCHIVES

730 SOUTH BROAD ST
PHILADELPHIA,PA19146 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

BRIGHAM AND WOMEN'S HOSPITAL

116 HUNTINGTON AVENUE 5TH FLOOR
BOSTON,MA02116 		  PC FUND FOR PLACENTA ACCRETA 1,501,000

BUCKLEY SCHOOL

3900 STANSBURY AVENUE
SHERMAN OAKS,CA91423 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000

CARING FOR FRIENDS

12271 TOWNSEND ROAD
PHILADELPHIA,PA19154 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000

CARON FOUNDATION

PO BOX 150
WERNERSVILLE,PA19565 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000

CENTER FOR REPRODUCTIVE RIGHTS

120 WALL STREET 14TH FLOOR
NEW YORK,NY10005 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 255,000

CENTER FOR STRATEGIC & INTERNATIONAL STUDIES

1616 RHODE ISLAND AVENUE NW
WASHINGTON,DC20036 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 2,000,000

CITY OF HOPE

1500 E DUARTE ROAD
DUARTE,CA91010 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000

COLLEGE OF PHYSICIANS

195 22ND STREET
PHILADELPHIA,PA19103 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 20,000

COLUMBIA UNIVERSITY - MAILMAN SCHOOL

722 WEST 168TH STREET 14TH FL
NEW YORK,NY10032 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000

COLUMBIA UNIVERSITY

2690 BROADWAY
NEW YORK,NY10025 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 200,000

COMMUNITY LEGAL SERVICES

305 S 2ND AVENUE
PHOENIX,AZ85003 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000

CULTURE TRUST - GREATER PHILADELPHIA

1315 WALNUT STREET NO 320
PHILADELPHIA,PA19107 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000

DEERFIELD ACADEMY

PO BOX 306
DEERFIELD,MA01342 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 1,550,000

DEPT OF STATE - DIPLOMATIC RECEPTION ROOM

2201 C STREET NW
WASHINGTON,DC20520 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000

DERBY ACADEMY

56 BURDITT AVENUE
HINGHAM,MA02043 		  PC STEPPINGSTONE SCHOLARS FUND/UNRESTRICTED 265,000

DOUBLE EDGE THEATRE

948 CONWAY ROAD
ASHFIELD,MA013309772 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 41,000

EDUCATION LAW CENTER

1315 WALNUT STREET
PHILADELPHIA,PA19107 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000

EISENHOWER EXCHANGE FELLOWSHIPS

250 S 16TH ST
PHILADELPHIA,PA19102 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 500,000

EJS PRESIDENTIAL FOUNDATION

1100 CONNECTICUT AVE NW SUITE 330
WASHINGTON,DC20036 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 500,000

ELEVATE 215

123 S BROAD ST SUITE 1170
PHILADELPHIA,PA19109 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000

ELMWOOD PARK ZOO

1661 HARDING BLVD
NORRISTOWN,PA19401 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000

EMERGING PUBLIC LEADERS

1401 K STREET NW
WASHINGTON,DC20005 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 15,000

FAIR ELECTIONS CENTER

1825 K ST NW STE 450
WASHINGTON,DC20006 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000

FAMILY PROMISE OF THE MAIN LINE

1449 DEKALB STREET
NORRISTOWN,PA19401 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

FEDERATION EARLY LEARNING SERVICES

10700 JAMISON AVENUE
PHILADELPHIA,PA19116 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000

FILM SOCIETY OF LINCOLN CENTER INC

165 WEST 65TH STREET
NEW YORK,NY10023 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000

FIRST UP

1608 WALNUT STREET SUITE 300
PHILADELPHIA,PA19103 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 30,000

FORD'S THEATRE SOCIETY

514 TENTH STREET NW
WASHINGTON,DC20004 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 20,000

FOUNDATION - ARTS & PRESERVATION IN EMBASSIES

1725 I ST NW STE 300
WASHINGTON,DC20006 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000

FRANKLIN INSTITUTE

222 NORTH 20TH STREET
PHILADELPHIA,PA19103 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000

FRIENDS OF HUDSON RIVER PARK INC

305 7TH AVENUE 12 FLOOR
NEW YORK,NY10001 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 30,000

FUND - SCHOOL DISTRICT OF PHILADELPHIA

30 SOUTH 17TH STREET 11TH FLOOR
PHILADELPHIA,PA19103 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 300,000

GREENLIGHT FUND

1501 CHERRY STREET
PHILADELPHIA,PA19102 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 175,000

HARVARD BUSINESS SCHOOL CLUB

1460 BROADWAY
NEW YORK,NY10036 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 250,000

HARVARD BUSINESS SCHOOL

124 MOUNT AUBURN STREET
CAMBRIDGE,MA021385762 		  PC DEAN'S HONORARY ENDOWMENT FOR BUSINESS AND SOCIETY/FUND FOR LEADERSHIP AND EDUCATION/UNRESTRICTED 5,100,000

HARVARD COLLEGE FUND

124 MOUNT AUBURN STREET
CAMBRIDGE,MA021385762 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000

HARVARD MEDICAL SCHOOL

124 MOUNT AUBURN STREET
CAMBRIDGE,MA021385762 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000

HEIGHTS PHILADELPHIA

123 S BROAD ST SUITE 850
PHILADELPHIA,PA19109 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000,000

HIAS PENNSYLVANIA

2100 ARCH STREET
PHILADELPHIA,PA19103 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 150,000

HISTORIC MORVEN INC

55 STOCKTON STREET
PRINCETON,NJ08540 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 30,000

ICAHN SCHOOL OF MEDICINE

ONE GUSTAVE L LEVY PLACE BOX 1049
NEW YORK,NY10029 		  PC RAQUEL AND JAIME GILLINSKI DEPARTMENT OF OBSTETRICS, GYNECOLOGY AND REPRODUCTIVE SCIENCE 50,000

INGLIS FOUNDATION

2600 BELMONT AVENUE
PHILADELPHIA,PA191312799 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000

JACKSON HEALTH FOUNDATION INC

1500 NW 12TH AVE SUITE 1117 EAST
MIAMI,FL33136 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 500,000

JEWISH FAMILY & CHILDREN'S SERVICES

2100 ARCH STREET
PHILADELPHIA,PA19103 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000

JEWISH FEDERATION OF GREATER PHILA

2100 ARCH STREET
PHILADELPHIA,PA19103 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000

KENYAN SCHOOLS OF HOPE

3 S SCARLET ELM CT
SPRING,TX77382 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000

KIEVE-WAVUS EDUCATION INC

PO BOX 169 42 KIEVE ROAD
NOBLEBORO,ME04555 		  PC FINANCIAL AID 15,000

KIMMEL CULTURAL CAMPUS

300 S BROAD STREET
PHILADELPHIA,PA19102 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

KLEINLIFE

10100 JAMISON AVENUE
PHILADELPHIA,PA19116 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 300,000

KRISTI HOUSE INC

1265 NW 12TH AVENUE
MIAMI,FL33136 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 12,500

LINCOLN CTR FOR THE PERFORMING ARTS

70 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,750,000

LOWER MERION CONSERVANCY

73 EAST LANCASTER AVENUE
ARDMORE,PA19003 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

LOWER MERION LIBRARY FOUNDATION

75 E LANCASTER AVENUE
ARDMORE,PA19003 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

LYFORD CAY FOUNDATION INC

521 5TH AVE 10TH FLOOR
NEW YORK,NY10175 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000

MAGEE REHABILITATION HOSPITAL

1513 RACE STREET
PHILADELPHIA,PA19102 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000

MATERNITY CARE COALITION

2000 HAMILTON STREET STE 205
PHILADELPHIA,PA19130 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000

MEDICAL MISSIONS FOR CHILDREN INC

10-G ROESSLER ROAD SUITE 500
WOBURN,MA01801 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000

METROPOLITAN MUSEUM OF ART

1000 FIFTH AVENUE
NEW YORK,NY10028 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 360,000

MIDDLEBURY COLLEGE

152 MAPLE STREET
MIDDLEBURY,VT05753 		  PC FINANCIAL AID 5,000

MUSEUM ASSOCIATES

5905 WILSHIRE BLVD
LOS ANGELES,CA90036 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 1,110,000

NARBERTH AMBULANCE

101 SIBLEY AVENUE
ARDMORE,PA19003 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

NATIONAL CONSTITUTION CENTER

INDEPENDENCE MALL-525 ARCH ST
PHILADELPHIA,PA19106 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

NATURAL LANDS TRUST INC

1031 PALMERS MILL ROAD
MEDIA,PA19063 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

NEW SANCTUARY MOVEMENT OF PHILADELPHIA

2601 POTTER STREET
PHILADELPHIA,PA19125 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000

NOBLE & GREENOUGH SCHOOL

10 CAMPUS DRIVE
DEDHAM,MA02026 		  PC FINANCIAL AID FOR STEPPINGSTONE SCHOLARS/UNRESTRICTED 10,000

NORTH BENNETT STREET SCHOOL

150 NORTH STREET
BOSTON,MA02109 		  PC NORTHFIELD PROJECT FUND 10,000

NUCLEAR THREAT INITIATIVE

1776 EYE STREET NW SUITE 600
WASHINGTON,DC20006 		  PC ARTIFICIAL INTELLIGENCE AND EMERGING TECHNOLOGY PROGRAMS 187,500

OVERTOWN YOUTH CENTER INC

450 NW 14 STREET
MIAMI,FL33136 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 12,500

PARK AVENUE SYNAGOGUE

50 EAST 87TH STREET
NEW YORK,NY10128 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 2,250,000

PENNSYLVANIA HORTICULTURAL SOCIETY

100 N20TH ST 5TH FLOOR
PHILADELPHIA,PA191031495 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000

PHILABUNDANCE

3616 SOUTH GALLOWAY STREET
PHILADELPHIA,PA19148 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000

PHILADELPHIA CITY ROWING

450 PLYMOUTH ROAD
PHILADELPHIA,PA19462 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000

PHILADELPHIA MURAL ARTS PROGRAM

1727-29 MOUNT VERNON STREET
PHILADELPHIA,PA19130 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000

PHILADELPHIA MUSEUM OF ART

PERELMAN BUILDING-PO BOX 7646
PHILADELPHIA,PA191017646 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 175,000

PHILADELPHIA ORCHESTRA

ONE SOUTH BROAD STREET
PHILADELPHIA,PA19107 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 3,000,000

PHILADELPHIA SKATING CLUB - HUMANE SOCIETY

220 HOLLAND AVENUE
ARDMORE,PA19003 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000

PHILADELPHIA SOCCER 2026

1601 MARKET ST STE 200
PHILADELPHIA,PA19103 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 90,000

PHILADELPHIA ZOO

3400 W GIRARD AVENUE
PHILADELPHIA,PA19104 		  PC COMMUNITY IMPACT FUND/UNRESTRICTED 105,000

PLAYERS PHILANTHROPY FUND

1122 KENILWORTH DRIVE 201
TOWSON,MD21204 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000

PRINCE ALBERT OF MONACO FOUNDATION USA

3901 HENRY AVENUE
PHILADELPHIA,PA19129 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

PRINCETON UNIVERSITY

PO BOX 5357
PRINCETON,NJ085435357 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000

PROJECT CHIMPS

PO BOX 2140
BLUE RIDGE,GA30513 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000

PROJECT HOME

1515 FAIRMOUNT AVENUE
PHILADELPHIA,PA191302996 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 1,100,000

RIVERBEND ENVIRONMENTAL EDUCATION CENTER

1950 SPRING MILL ROAD
GLADWYNE,PA19035 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000

RUTGERS UNIVERSITY FOUNDATION

7 COLLEGE AVENUE
NEW BRUNSWICK,NJ08901 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000

RYAN'S CASE FOR SMILES

295 SWEDESFORD ROAD 396
WAYNE,PA19087 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 250,000

SOCIETY FOR MEDICAL DECISION MAKING

PO BOX 3058
ALPHARETTA,GA30023 		  PC THE SANDY SCHWARTZ YOUNG SCHOLARS AWARD 10,000

SOCIETY OF GENERAL INTERNAL MEDICINE

1500 KING STREET
ALEXANDRIA,VA22314 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000

SPONSORS FOR EDUCATIONAL OPPORTUNITY

55 EXCHANGE PLACE SUITE 601
NEW YORK,NY10005 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 250,000

SQUAM LAKES CONSERVATION SOCIETY

PO BOX 696
HOLDERNESS,NH03245 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000

STEPPINGSTONE FOUNDATION

ONE APPLETON STREET 4TH FL
BOSTON,MA02116 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 398,000

STUDIO MUSEUM IN HARLEM

144 WEST 125TH STREET
NEW YORK,NY10027 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000

SUPPORT CENTER FOR CHILD ADVOCATES

1900 CHERRY STREET
PHILADELPHIA,PA19103 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

TEACH FOR AMERICA

25 BROADWAY 12TH FLOOR
NEW YORK,NY10004 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

TECHTOGETHER INC (KODE WITH KLOSSY)

8 MYRNA STREET
BURLINGTON,MA01806 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 500,000

THE BARACK OBAMA FOUNDATION

5235 SOUTH HARPER COURT NO 1140
CHICAGO,IL60615 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 100,000

THE COMPANY THEATRE INC

30 ACCORD PARK DRIVE
NORWELL,MA02061 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 15,000

THE FABRIC WORKSHOP AND MUSEUM

1214 ARCH STRRET
PHILADELPHIA,PA19107 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000

THE LAB SCHOOL OF WASHINGTON

4759 RESERVOIR RD NW
WASHINGTON,DC20007 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000

THE LENFEST INSTITUTE FOR JOURNALISM

801 MARKET STREET SUITE 300
PHILADELPHIA,PA19107 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000

THE PHILANTHROPY WORKSHOP

110 EAST 25TH STREET 3F
NEW YORK,NY10010 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 12,000

THE PHILLIPS COLLECTION

1600 21ST STREET NW
WASHINGTON,DC20009 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 40,000

THE RENDELL CENTER - CIVICS & ENGAGEMENT

200 SOUTH BROAD STREET SUITE 420
PHILADELPHIA,PA19102 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

THE TEAK FELLOWSHIP

16 WEST 22ND STREET SUITE 300
NEW YORK,NY10010 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 25,000

TROLLEY CAR HELPING HANDS

4701 GERMANTOWN AVE 3RD FLOOR
PHILADELPHIA,PA19144 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

TRUSTEES OF BATES COLLEGE

216 LANE HALL 2 ANDREWS ROAD
LEWISTON,ME04240 		  PC SCHOLARSHIPS 5,000

TRUSTEES OF THE UNIVERSITY OF PA

3451 WALNUT ST/433 FRANKLIN BLDG
PHILADELPHIA,PA191046205 		  PC WILLIAMS FELLOWSHIP/LDI HEALTHCARE ACCESS & AFFORDABILITY RESEARCH FUND/UNRESTRICTED 1,125,000

UNITED WAY OF GREATER HOUSTON

PO BOX 3247
HOUSTON,TX77253 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 500,000

UNITED WAY OF GREATER PHILADELPHIA & SOUTH NJ

1800 JOHN F KENNEDY BLVD 1200
PHILADELPHIA,PA19103 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 15,000

USTA FOUNDATION INCORPORATED

70 W RED OAK LANE
WHITE PLAINS,NY10604 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 1,000,000

VISIONSPRING INC

505 EIGHTH AVENUE NO 12A-07
NEW YORK,NY10018 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 50,000

WASHINGTON INTERNATIONAL SCHOOL

3100 MACOMB ST NW
WASHINGTON,DC20008 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 500,000

WHITNEY MUSEUM OF AMERICAN ART

945 MADISON AVENUE
NEW YORK,NY10021 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 235,000

WHY NOT PROSPER INC

717E CHELTON AVENUE
PHILADELPHIA,PA19144 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

WHYY

150 N 6TH STREET
PHILADELPHIA,PA19106 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 30,000

WOMEN'S WAY

123 S BROAD STREET SUITE 1320
PHILADELPHIA,PA19109 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 10,000

WXPN

PO BOX 8419
PHILADELPHIA,PA191017646 		  PC AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. 5,000

YOUNG AUDIENCES OF NEW JERSEY INC

PO BOX 3175
PRINCETON,NJ08540 		  PC PICASSO PROJECT 25,000
Total .................................right arrow 3a 40,981,500
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities .... 523000 6 14 12,303,382  
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 ............ 		523000 -32,961 18 -12,449,736  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aASPEN CCS LLC 		    14 -435  
bCIRCLE 9 NON-OPERATED WI FUND I, LP 523000 -293,680 14 230,206  
cDARBY LATIN AMERICAN PRIVATE EQUITY FUND (CAYMAN)     14 1,854  
dDAVID KEMPNER OPPURTUNITIES INTERNATIONAL VI (AIV-TE) LP     14 -15  
eGQG PARTNERS EMERGING MARKET EQUITY     14 41,745  
fGS CAPITAL PARTNERS VI PARALLEL, LP 523000 -5 14 308  
gGSP 3.0 FUND, LP 523000 -2,675 14 21,588  
hKKR 2006 FUND (OVERSEAS)     14 -1,499  
iKKR EUROPEAN FUND IV LP     14 91,376  
jKKR REPA AIV-2 FEEDER L.P 523000 -239 14 -83  
kKKR REPA AIV-3 FEEDER L.P 523000 551 14 -177  
lNEWPORT ASIA PARTNERS FUND, LP     14 -3,298  
mOAKTREE VALUE EQUITY FUND     14 8,894  
nTAX REFUND     01 50,381  
oVINTAGE IX B OFFSHORE K-1     14 -199  
pWEST STREET CAPITAL PARTNERS VII - PARALLEL LP     14 17,534  
qWEST STREET CAPITAL PARTNERS VIII PARALLEL, L.P.     14 37,465  
12 Subtotal. Add columns (b), (d), and (e) .. -329,003 349,291 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
20,288
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2022)
Form 990-PF (2022)
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 (2022)
Additional Data


Software ID:  
Software Version:  


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

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
HESS FOUNDATION INC
 
Employer identification number

22-1713046
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
HESS FOUNDATION INC
  		Employer identification number
22-1713046
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
THE LEON HESS 25-YEAR CHARITABLE LEAD ANNUITY TRUST
 
1185 AVENUE OF THE AMERICAS
 
NEW YORK, NY10036

$ 21,547,444


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
HESS FOUNDATION INC
  		Employer identification number

22-1713046
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
HESS FOUNDATION INC
  		Employer identification number

22-1713046
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
HESS FOUNDATION INC
EIN:
22-1713046
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COHNREZNICK LLP 140,896 70,448   70,448
SHEEHAN & COMPANY 54,800 27,400   27,400
ANDERSEN TAX LLC 89,900 44,950   44,950

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

TY 2022 GainLossSaleOtherAssetsSch
Name:
HESS FOUNDATION INC
EIN:
22-1713046
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
KKR REPA AIV-3 FEEDER L.P 2014-12 PURCHASED 2023-11     32,961 COST 0 -32,961  

TY 2022 GeneralExplanationAttachment
Name:
HESS FOUNDATION INC
EIN:
22-1713046
Identifier Return Reference Explanation
  FORM 990-PF, PART VII-B, LINE 1A(3): AS PART OF THEIR DUTIES, BOARD MEMBERS PROVIDE VARIOUS SERVICES TO THE FOUNDATION. BECAUSE THESE SERVICES ARE PROVIDED ON A PRO-BONO BASIS, THEY MEET THE REQUIREMENTS FOR THE EXCEPTION TO SELF-DEALING UNDER THE REGULATIONS OF INTERNAL REVENUE CODE SECTION 4941.
  FORM 990-PF, PART VII-B, LINE 1A(4): THE HESS GROUP, INC., A DISQUALIFIED PERSON WITH RESPECT TO THE FOUNDATION, RECEIVED COMPENSATION FROM THE FOUNDATION THE YEAR ENDED NOVEMBER 30, 2023 FOR PROFESSIONAL SERVICES RENDERED TO THE FOUNDATION. BECAUSE THE COMPENSATION WAS REASONABLE, IT MEETS THE REQUIREMENTS FOR THE EXCEPTION TO SELF-DEALING UNDER THE REGULATIONS OF INTERNAL REVENUE CODE SECTION 4941.

TY 2022 InvestmentsCorpStockSchedule
Name:
HESS FOUNDATION INC
EIN:
22-1713046
Name of Stock End of Year Book Value End of Year Fair Market Value
HESS CORPORATION 33,458,145 817,620,793
JPM HARD ASSETS 6,750,286 2,350,741

TY 2022 InvestmentsGovtObligationsSch
Name:
HESS FOUNDATION INC
EIN:
22-1713046
US Government Securities - End of Year Book Value:

9,957,761
US Government Securities - End of Year Fair Market Value:

10,281,202
State & Local Government Securities - End of Year Book Value:


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


0


TY 2022 InvestmentsOtherSchedule2
Name:
HESS FOUNDATION INC
EIN:
22-1713046
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ASPEN CCS COST FMV 2,020,448 2,101,479
BCI SECURITIES: HESS STOCK COST FMV 3,566,181 87,147,200
BETTOR CAPITAL COST FMV 821,257 879,358
CIRCLE 9 FMV 30,311,190 31,800,000
CIRCLE 9 BISON TECH FMV 3,600,000 3,600,000
COATUE EARLY STAGE FMV 815,970 1,600,685
COATUE GROWTH IV FMV 1,526,011 1,571,968
COATUE GROWTH V OFFSHORE COST FMV 1,543,396 1,149,689
COATUE KONA III FMV 1,337,749 3,289,326
COATUE PE FUND II FMV 100,372 425,547
COATUE VENTURE II COST FMV 1,691,192 1,570,440
COURT SQUARE CAPITAL FMV 1,560,988 89,167
DARBY BBVA FMV 952,885 147,148
DARBY EMERGING MARKETS FMV 380,319 0
DAVIDSON KEMPNER FMV 221,463 0
DAVIDSON KEMPNER OPP INT VI FMV 728,230 705,202
DAVIDSON KEMPNER OPP VI AIV FMV 158,373 142,158
DURABLE CAPITAL OFFSHORE FUND COST FMV 8,000,000 7,477,968
DW PARTNERS FMV 276,858 0
EDGEWOOD GROWTH FUND FMV 12,075,120 15,611,999
FARALLON EQUITY PARTNERS FMV 2,500,000 2,737,206
GQG PARTNERS FMV 5,019,620 5,989,336
GS ALTER INVESTMENTS- VINTAGE IX B FMV 115,931 123,968
GS ALTER INVESTMENTS WEST ST CAPITAL FMV 2,606,781 3,550,672
GS ALTER INVESTMENTS-SELECT FUND FMV 198,314 0
GS CAPITAL PARTNERS V FMV 1,086,370 0
GS CAPITAL PARTNERS VI FMV 500,681 0
GS DRT INVESTORS FMV 232,912 0
GS MEZZANINE PARTNERS FMV 37,532 0
GSP 3.0 FUND FMV 841,571 1,333,822
GSP 3.0 FUND WBG AIV-1 FMV 129,474 171,833
GSP 4.0 FUND FMV 1,398,813 1,342,113
HOLOWESKO GLOBAL EQUITY FMV 821,088 0
HORIZON SURGICAL COST FMV 1,500,000 1,500,000
K5 GLOBAL GOWTH FUND COST FMV 2,500,000 2,014,246
K5 GLOBAL OPPORTUNITY (BORING) FMV 535,000 516,291
K5 GLOBAL VENTURES LP FMV 333,000 321,833
K5 TOKYO BLACK FUND I, LP FMV 600,000 600,000
KKR 2006 FUND FMV 632,006 1,131
KKR ASIAN FUND FMV 2,697,571 0
KKR ASIAN FUND II FMV 524,309 1,413,521
KKR EUROPEAN FUND FMV 1,374,370 2,241,352
KKR NORTH AMERICAN FUND FMV 1,541,282 1,232,567
KKR RE PARTNERS FMV 577,758 138,248
LEE EQUITY STRATEGIC PARTNERS FMV 1,647,865 0
MANTIS CAPITAL COST FMV 809,159 721,316
NEWFLOW AMITY FUND I COST FMV 1,000,000 700,000
NEWPORT ASIA FMV 3,142,228 4,314,215
OAKTREE VALUE FMV 948,809 2,197,560
PALM TREE CREW HOLDINGS LLC FMV 1,000,000 1,000,000
PTC CRYPTO FUND COST FMV 2,000,000 2,457,038
RA CAPITAL COST FMV 5,000,000 4,065,935
ROCKEFELLER GA INVESTORS LP FMV 1,323,813 0
SEMPER VIC PARTNERS-COST FMV 7,153,406 0
SKYE GLOBAL FMV 8,000,000 10,753,480
SOLAMERE CAPITAL FMV 556,184 540,456
SPY GLASS GROWTH FUND COST FMV 5,474,187 3,771,822
THE STANDARD MIAMI COST FMV 702,857 702,857
THRIVE CAPITAL GROWTH B FMV 2,002,417 2,583,420
THRIVE CAPITAL PTR VIII, LP FMV 50,964 56,406
THRIVE CAPITAL PTRS VIII GROWTH COST FMV 792,535 929,172
TQ VENTURES III EARLY COST FMV 137,508 162,664
TQ VENTURES III GROWTH COST FMV 413,230 365,832
TRINITY STREET FMV 2,000,000 2,128,579
WELLINGTON FMV 9,209,588 13,286,462

TY 2022 LegalFeesSchedule
Name:
HESS FOUNDATION INC
EIN:
22-1713046
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SULLIVAN & CROMWELL, LLP 79,869 0   79,869


TY 2022 OtherExpensesSchedule
Name:
HESS FOUNDATION INC
EIN:
22-1713046
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FILING FEES 25 0   25
EXPENSES FROM K-1 PASSTHROUGH 2,242,548 2,030,137   0
BANK CHARGE 675 0   675
AGENT FEES 694 0   694
OTHER EXPENSES 95 0   95


TY 2022 OtherIncomeSchedule2
Name:
HESS FOUNDATION INC
EIN:
22-1713046
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ASPEN CCS LLC -435 -435 -435
CIRCLE 9 NON-OPERATED WI FUND I, LP -63,474 230,206 -63,474
DARBY LATIN AMERICAN PRIVATE EQUITY FUND (CAYMAN) 1,854 1,854 1,854
DAVID KEMPNER OPPURTUNITIES INTERNATIONAL VI (AIV-TE) LP -15 -15 -15
GQG PARTNERS EMERGING MARKET EQUITY 41,745 41,745 41,745
GS CAPITAL PARTNERS VI PARALLEL, LP 303 308 303
GSP 3.0 FUND, LP 18,913 21,588 18,913
KKR 2006 FUND (OVERSEAS) -1,499 -1,499 -1,499
KKR EUROPEAN FUND IV LP 91,376 91,376 91,376
KKR REPA AIV-2 FEEDER L.P -322 -83 -322
KKR REPA AIV-3 FEEDER L.P 374 -177 374
NEWPORT ASIA PARTNERS FUND, LP -3,298 -3,298 -3,298
OAKTREE VALUE EQUITY FUND 8,894 8,894 8,894
TAX REFUND 50,381   50,381
VINTAGE IX B OFFSHORE K-1 -199 -199 -199
WEST STREET CAPITAL PARTNERS VII - PARALLEL LP 17,534 17,534 17,534
WEST STREET CAPITAL PARTNERS VIII PARALLEL, L.P. 37,465 37,465 37,465


TY 2022 OtherLiabilitiesSchedule
Name:
HESS FOUNDATION INC
EIN:
22-1713046
Description Beginning of Year - Book Value End of Year - Book Value
LINE OF CREDIT 50,000,000 93,000,000


TY 2022 OtherProfessionalFeesSchedule
Name:
HESS FOUNDATION INC
EIN:
22-1713046
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
HESS GROUP 722,347 361,174   361,173
MONTICELLO ASSOCIATES, INCORPORATED 150,000 150,000   0
GOLDMAN SACHS 62,586 62,586   0


TY 2022 TaxesSchedule
Name:
HESS FOUNDATION INC
EIN:
22-1713046
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES WITHHELD 30,958 30,958   0
STATE UNRELATED BUSINESS TAXES 787 0   0
EXCISE TAXES 371,000 0   0