Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THOMAS L KEMPNER JR FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)26 HILL STREET 340
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SOUTHAMPTON, NY11968
A Employer identification number

13-3407819
B Telephone number (see instructions)

(631) 517-3856
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$306,675,675J 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) 1,750,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 752,668 752,668  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 882,784
b Gross sales price for all assets on line 6a 18,055,858
7 Capital gain net income (from Part IV, line 2)... 4,899,999
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
785,427 8,094,195 0
12 Total. Add lines 1 through 11........ 4,170,879 13,746,862 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 92,000 0 0 92,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 7,330 0 0 7,330
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
25,666 25,666 0 0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
134,901 67,451 0 67,450
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
422,642 307,275 0 115,367
17 Interest............... 20,164 20,164 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,127,169 2,793 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,923 0 0 2,923
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
165,793 151,304 0 14,489
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,998,588 574,653 0 299,559
25 Contributions, gifts, grants paid....... 17,594,561 17,594,561
26 Total expenses and disbursements. Add lines 24 and 25 19,593,149 574,653 0 17,894,120
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -15,422,270
b Net investment income (if negative, enter -0-) 13,172,209
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 179,794 345,003 345,003
2 Savings and temporary cash investments......... 3,737,616 1,718,184 1,718,184
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,485,386 Click to see attachment
List of Attached Documents:
// Content
10,589,344 		10,589,344
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).......... 298,309,399 Click to see attachment
List of Attached Documents:
// Content
294,016,954 		294,016,954
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
44,799 		Click to see attachment
List of Attached Documents:
// Content
6,190 		Click to see attachment
List of Attached Documents:
// Content
6,190
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 307,756,994 306,675,675 306,675,675
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
0 		Click to see attachment
List of Attached Documents:
// Content
871,290
23 Total liabilities (add lines 17 through 22)......... 0 871,290
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 307,756,994 305,804,385
29 Total net assets or fund balances (see instructions)..... 307,756,994 305,804,385
30 Total liabilities and net assets/fund balances (see instructions). 307,756,994 306,675,675
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
307,756,994
2
Enter amount from Part I, line 27a .....................
2
-15,422,270
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
13,469,661
4
Add lines 1, 2, and 3 ..........................
4
305,804,385
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
305,804,385
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b PASSTHROUGH ENTITIES P    
c
d
e
(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 14,038,643   13,155,859 882,784
b 4,017,215     4,017,215
c
d
e
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       882,784
b       4,017,215
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 4,899,999
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 183,094
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........................... 3 183,094
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- ..... 5 183,094
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 312,887
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.............. 7 312,887
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 129,793
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow129,793 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
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 arrowTHOMAS KEMPNER JR Telephone no.right arrow (631) 517-3856

Located atright arrow26 HILL STREET 340SOUTHAMPTONNY ZIP+4right arrow11968
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
THOMAS KEMPNER JR PRESIDENT/TREASURER
2.00 		0 0 0
26 HILL STREET 340
SOUTHAMPTON,NY11968
KATHERYN C PATTERSON VICE PRES/SECRETARY
0.50 		0 0 0
26 HILL STREET 340
SOUTHAMPTON,NY11968
TREVOR KEMPNER DIRECTOR
0.50 		0 0 0
26 HILL STREET 340
SOUTHAMPTON,NY11968
THOMAS N KEMPNER DIRECTOR
0.50 		0 0 0
26 HILL STREET 340
SOUTHAMPTON,NY11968
JESSICA S KEMPNER DIRECTOR
0.50 		0 0 0
26 HILL STREET 340
SOUTHAMPTON,NY11968
HOLLY R RAUB CHIEF ADMINISTRATIVE OFFICER
24.00 		92,000 0 0
26 HILL STREET 340
SOUTHAMPTON,NY11968
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
LANDSEER ADVISORS LLC ADVISORY 295,000
489 5TH AVE FL 31
NEW YORK,NY10017
BRAVE WARRIOR ADVISORS LLC INVESTMENT MANAGEMENT 96,015
12 E 49TH STREET
NEW YORK,NY10017
CITRIN COOPERMAN ACCOUNTING 74,000
180 PARK AVENUE SUITE 200
FLORHAM PARK,NJ07932
COHNREZNICK LLP ACCOUNTING 60,901
1301 6TH AVENUE
NEW YORK,NY10019
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
8,569,271
b
Average of monthly cash balances.......................
1b
385,033
c
Fair market value of all other assets (see instructions)................
1c
295,720,760
d
Total (add lines 1a, b, and c).........................
1d
304,675,064
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
369,517
3
Subtract line 2 from line 1d.........................
3
304,305,547
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
4,564,583
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
299,740,964
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
14,987,048
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
14,987,048
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
183,094
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
220,046
c
Add lines 2a and 2b............................
2c
403,140
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
14,583,908
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
14,583,908
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
14,583,908
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
17,894,120
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
17,894,120
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 14,583,908
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 905,275
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 17,894,120
a Applied to 2022, but not more than line 2a 905,275
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 14,583,908
e Remaining amount distributed out of corpus 2,404,937
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,404,937
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		2,404,937
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 2,404,937
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
THOMAS KEMPNER JR
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ACHIEVEMENT FIRST CHARTER SCHOOL

370 JAMES STREET SUITE 404
NEW HAVEN,CT06513 		  PC CT GENERAL OPERATIONS 250,000

BLETCHLEY PARK

SHERWOOD DR
BLETCHLEY   MK3 6EB
UK 		  PC BLOCK E LEARNING CENTRE 332,208

BOSTON CHILDREN'S HOSPITAL TRUST

401 PARK DR 602
BOSTON,MA02215 		  PC KABUKI SYNDROME RESEARCH 25,000

BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT

PO BOX 3316
REDWOOD CITY,CA94064 		  PC NYC & BAY AREA OPERATIONS 350,000

CENTRAL PARK CONSERVANCY

14 EAST 60TH STREET
NEW YORK,NY10022 		  PC ESSENTIAL CENTRAL PARK FUND 166,666

COLUMBIA UNIVERSITY MEDICAL CENTER

630 WEST 168TH STREET
NEW YORK,NY10032 		  PC VAGELOS COLLEGE EARLY-ONSET OSTEOPOROSIS FUND 879,000

HARVARD BUSINESS SCHOOL

SOLDIERS FIELD
BOSTON,MA02163 		  PC DEAN'S INNOVATION FUND 250,000

JEWISH COMMUNAL FUND

575 MADISON AVENUE 703
NEW YORK,NY10022 		  PC DAF REPLENISHMENT -THOMAS L. KEMPNER JR. FOUNDATION INC. FUND 2,850,000

JUILLIARD SCHOOL

60 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		  PC NUCLEUS FUND PLEDGE 500,000

MOUNT SINAI HOSPITAL

1468 MADISON AVE 3RD FLOOR
NEW YORK,NY10029 		  PC PEDIATRIC CARDIAC INTENSIVE CARE UNIT - PRESIDENT'S STRATEGIC INITIATIVE FUND 2,000,000

STANFORD UNIVERSITY BOARD OF TRUSTEES

450 SERRA MALL
STANFORD,CA94305 		  PC SALLYANNE PAYTON FELLOWSHIP FUND, CENTER FOR RACIAL JUSTICE AND BLSA FUND 45,000

TIDES CENTER

1012 TORNEY AVENUE
SAN FRANCISCO,CA94129 		  PC FAIR AND JUST PROSECUTION 175,000

TRANSPORTATION ALTERNATIVES INC

111 JOHN ST 260
NEW YORK,NY10038 		  PC 3 YEAR GENERAL OPERATING PLEDGE 400,000

WILDLIFE CONSERVATION SOCIETY

2300 SOUTHERN BOULEVARD
BRONX,NY10460 		  PC MARINE STRONGHOLDS/MPA 2030 AND BLUE CARBON 1,250,000

YALE UNIVERSITY

YALE UNIVERSITY
NEW HAVEN,CT06520 		  PC ANNUAL FUND 10,000

PHILHARMONIC-SYMPHONY SOCIETY OF NEW YORK INC

10 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		  PC ORCHESTRA'S EDUCATION PROGRAM GRANT 10,000

PLANNED PARENTHOOD FEDERATION OF AMERICA INC

26 BLEECKER STREET
NEW YORK,NY10012 		  PC PROVIDER RECRUITMENT, PATIENT NAVIGATION & EPIC 1,250,000

ROUNDABOUT THEATRE COMPANY INC

277 W 42ND ST
NEW YORK,NY10036 		  PC GENERAL OPERATIONS GRANT 100,000

HARLEM VILLAGE ACADEMIES

35 WEST 124TH STREET
NEW YORK,NY10027 		  PC ACCELERATED MATHEMATICS PHASE II 819,000

OPEN SPACE INSTITUTE LAND TRUST INC

1350 BROADWAY 201
NEW YORK,NY10018 		  PC ESSEX-HUDSON GREENWAY 338,687

STANFORD UNIVERSITY BOARD OF TRUSTEES

450 SERRA MALL
STANFORD,CA94305 		  PC CRIMINAL JUSTICE CENTER/THREE STRIKES PROJECT 75,000

CENTRAL PARK CONSERVANCY

14 EAST 60TH STREET
NEW YORK,NY10022 		  PC HARLEM MEER POOL AND ICE RINK DEVELOPMENT 5,314,000

YALE UNIVERSITY

YALE UNIVERSITY
NEW HAVEN,CT06520 		  PC KEMPNER FUND FOR YALE SCHOOL OF ENGINEERING & APPLIED SCIENCE 100,000

YALE UNIVERSITY

YALE UNIVERSITY
NEW HAVEN,CT06520 		  PC KEMPNER FUND FOR YALE COLLEGE DEAN'S DISCRETIONARY FUND FOR CIVIC ENGAGEMENT AND DISCOURSE 100,000

HARVARD BUSINESS SCHOOL

SOLDIERS FIELD
BOSTON,MA02163 		  PC ANNUAL FUND 5,000
Total .................................right arrow 3a 17,594,561
bApproved for future payment

YALE UNIVERSITY
YALE UNIVERSITY
NEW HAVEN,CT06520 		  PC KEMPNER FUND FOR YALE SCHOOL OF ENGINEERING & APPLIED SCIENCE 400,000

HARLEM VILLAGE ACADEMIES
35 WEST 124TH STREET
NEW YORK,NY10027 		  PC ACCELERATED MATHEMATICS PHASE II 2,038,000

STANFORD UNIVERSITY BOARD OF TRUSTEES
450 SERRA MALL
STANFORD,CA94305 		  PC CRIMINAL JUSTICE CENTER/THREE STRIKES PROJECT 75,000

AMERICAN MUSEUM OF NATURAL HISTORY
200 CENTRAL PARK WEST
NEW YORK,NY10024 		  PC FUTTER FUND FOR SCIENCE AND SOCIETY 1,000,000

COLUMBIA UNIVERSITY MEDICAL CENTER
630 WEST 168TH STREET
NEW YORK,NY10032 		  PC VAGELOS COLLEGE EARLY-ONSET OSTEOPOROSIS FUND 421,000

ROUNDABOUT THEATRE COMPANY INC
277 W 42ND ST
NEW YORK,NY10036 		  PC 42ND STREET RENOVATION 15,000,000

PARKS & TRAILS
1 STEUBEN PLACE
ALBANY,NY12207 		  PC GREENWAYS ACROSS NEW YORK STATE VIA THE EST 2.0 PROPOSAL 375,000

OPEN SPACE INSTITUTE LAND TRUST INC
1350 BROADWAY 201
NEW YORK,NY10018 		  PC GREENWAY TRAILS ACQUISITION PROGRAM 1,100,000

ACHIEVEMENT FIRST CHARTER SCHOOL
370 JAMES STREET SUITE 404
NEW HAVEN,CT06513 		  PC CT GENERAL OPERATIONS 750,000

YALE UNIVERSITY
YALE UNIVERSITY
NEW HAVEN,CT06520 		  PC KEMPNER FUND FOR YALE COLLEGE DEAN'S DISCRETIONARY FUND FOR CIVIC ENGAGEMENT AND DISCOURSE 400,000
Total ................................. right arrow 3b 21,559,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 752,668  
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 .....     14 785,427  
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 300,432 18 582,352  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 300,432 2,120,447 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,420,879
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


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


Software ID:  
Software Version:  


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

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

13-3407819
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THOMAS L KEMPNER JR FOUNDATION
  		Employer identification number
13-3407819
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
THOMAS L KEMPNER JR
129 HALSEY NECK LANE
 
SOUTHAMPTON, NY11968

$ 1,750,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THOMAS L KEMPNER JR FOUNDATION
  		Employer identification number

13-3407819
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THOMAS L KEMPNER JR FOUNDATION
  		Employer identification number

13-3407819
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
THOMAS L KEMPNER JR FOUNDATION
EIN:
13-3407819
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
RETURN PREPARATION AND TAX COMPLIANCE 134,901 67,451 0 67,450

TY 2023 InvestmentsCorpStockSchedule
Name:
THOMAS L KEMPNER JR FOUNDATION
EIN:
13-3407819
Name of Stock End of Year Book Value End of Year Fair Market Value
JSC HALYK BK SPONSORED GDR REG S (ROBOTTI SECURITIES LLC) 2,367,906 2,367,906
B&M EUROPEAN VALUE RETAIL SA REG (BRAVE WARRIOR) 188,468 188,468
ELEVANCE HEALTH INC COM (BRAVE WARRIOR) 945,478 945,478
APOLLO GLOBAL MGMT INC NEW COM (BRAVE WARRIOR) 479,463 479,463
ASBURY AUTOMOTIVE GROUP INC COM (BRAVE WARRIOR) 56,693 56,693
D R HORTON INC COM (BRAVE WARRIOR) 133,439 133,439
DISCOVER FINL SVCS COM (BRAVE WARRIOR) 337,312 337,312
F&G ANNUITIES & LIFE INC COM (BRAVE WARRIOR) 333,270 333,270
FIDELITY NATL FINL INC NEW FNF GROUP COM (BRAVE WARRIOR) 553,057 553,057
JPMORGAN CHASE & CO COM (BRAVE WARRIOR) 315,876 315,876
LENNAR CORP CL A (BRAVE WARRIOR) 97,472 97,472
LITHIA MTRS INC COM (BRAVE WARRIOR) 312,157 312,157
LOUISIANA-PAC CORP COM (BRAVE WARRIOR) 18,982 18,982
ONEMAIN HLDGS INC COM (BRAVE WARRIOR) 359,652 359,652
PRIMERICA INC COM (BRAVE WARRIOR) 483,742 483,742
RAYMOND JAMES FINL INC COM (BRAVE WARRIOR) 263,586 263,586
AUTONATION INC COM (BRAVE WARRIOR) 21,175 21,175
RTW VENTURE FUND LIMITED - (JPM) 1,235,603 1,235,603
SI BONE INC (JPM) 7,955 7,955
VANGUARD S&P 500 ETF (JPM) 1,659,840 1,659,840
VISTRA CORP (JPM) 376,918 376,918
PROMOTION & DEVELOPMENT MUR (JPM) 41,300 41,300

TY 2023 InvestmentsOtherSchedule2
Name:
THOMAS L KEMPNER JR FOUNDATION
EIN:
13-3407819
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
325 CAPITAL ONSHORE FUND LP FMV 2,379,942 2,379,942
ABRAMS CAPITAL PARTNERS II FMV 145,855 145,855
ACACIA PROPERTY CORPORATION 2020 FMV 1,640,474 1,640,474
ALLEGIANCE PARTNERS B FMV 2,818,986 2,818,986
AMERICAN SECURITIES PARTNERS VI FMV 902,772 902,772
AMERICAN SECURITIES PARTNERS VII LP FMV 1,502,013 1,502,013
AMERICAN SECURITIES PARTNERS VIII LP FMV 4,085,090 4,085,090
AMPLIFY PARTNERS FMV 135,595 135,595
AMPLIFY PARTNERS II FMV 2,101,436 2,101,436
AMPLIFY PARTNERS III FMV 9,611,302 9,611,302
AMPLIFY PARTNERS IV LP FMV 2,154,447 2,154,447
AMPLIFY SELECT FUND IV FMV 1,697,844 1,697,844
AQUILINE FINANCIAL SERVICES FUND FMV 256,724 256,724
ASP FLEETPRIDE CO-INVEST LP FMV 1,288,819 1,288,819
ASPEX GLOBAL FUND FMV 8,288,128 8,288,128
BLUE WATER AGGREGATES FUND LP FMV 4,198,828 4,198,828
CHARLESBANK EXECUTIVES FUND X LP FMV 1,675,248 1,675,248
CREADOR III LP FMV 1,806,257 1,806,257
CREADOR IV LP FMV 4,291,767 4,291,767
CREADOR V LP FMV 1,295,431 1,295,431
CROSSHARBOR INSTITUTIONAL PARTNERS 2014 LP FMV 65,829 65,829
DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP FMV 11,639 11,639
ETON PARK OVERSEAS FMV 100 100
HARBOUR FUND II OFFSHORE LP FMV 131,762 131,762
HARBOUR FUND III OFFSHORE LP FMV 1,236,144 1,236,144
HARVEST MLP INCOME FUND III LLC FMV 9,686,883 9,686,883
HIGHBROOK INCOME PROPERTY FUND FMV 1 1
HIGHBROOK INCOME PROPERTY FUND II FMV 54,256 54,256
HIGHBROOK INCOME PROPERTY FUND III, LP FMV 1,323,081 1,323,081
HIGHBROOK PROPERTY FUND IV (MAIN) LP FMV 1,973,343 1,973,343
HOLT DISTRESSED PROPERTY FUND 2010 FMV 868 868
HOLT OPPORTUNITY IDF, LP FMV 91,539 91,539
HYPERPLANE III LP FMV 1,004,506 1,004,506
HYPERPLANE OPPORTUNITIES I, LP FMV 2,192,931 2,192,931
IVECO FMV 1,000,000 1,000,000
JC FLOWERS III LP FMV 115,103 115,103
LEGALIST DIP FUND I LP FMV 2,990,480 2,990,480
LEGALIST FUND II LP FMV 1,847,612 1,847,612
LEGALIST FUND III, LP FMV 1,116,438 1,116,438
M H DAVIDSON & CO. 520 LP FMV 148,496,939 148,496,939
MAVERICK LIEN FUND IV FMV 643,134 643,134
MAVERICK LIEN FUND V FMV 750,071 750,071
MAVERICK LIEN FUND VI FMV 2,098,023 2,098,023
NCH AGRIBUSINESS PARTNERS FMV 318,118 318,118
NEW CENTURY HOLDINGS XI FMV 13,552 13,552
NOVUM CAPITAL SPECIAL OPPORTUNITIES FUND II FMV 414,991 414,991
ONE EQUITY PARTNERS VI LP FMV 1,066,792 1,066,792
ONE EQUITY PARTNERS VII LP FMV 4,074,348 4,074,348
OXY CAPITAL II FMV 2,203,901 2,203,901
OXY CAPITAL III FMV 2,383,328 2,383,328
PENNYBACKER III EAGLE, LLC FMV 1 1
PENNYBACKER IV FALCON FMV 403,989 403,989
PERRY CREEK CAPITAL FUND I FMV 124,838 124,838
PERRY CREEK CAPITAL FUND II FMV 1,685,530 1,685,530
PERRY CREEK CAPITAL STRATEGIC PARTNERS LP FMV 1,761,260 1,761,260
REYNOLDS CHANNEL PARTNRS LP FMV 1,950,634 1,950,634
ROCK SPRINGS CAPITAL FUND LP FMV 1,543,104 1,543,104
SKYE GLOBAL FUND FMV 3,019,034 3,019,034
SNOW LAKE CHINA OFFSHORE FUND - CLASS C UNRESTRICTED FMV 352,675 352,675
SUNRIDGE AGRIBUSINESS OPPS I LP FMV 1,701,000 1,701,000
SUNRIDGE AGRIBUSINESS OPPS II LP FMV 1,935,000 1,935,000
VALINOR PRIVATE CAPITAL PARTNERS LP FMV 1,046,764 1,046,764
VORTUS FORELAND II CO - INVESTMENT LP FMV 83,721 83,721
VORTUS FORELAND PE, LLC FMV 99,891 99,891
VORTUS INVESTMENTS (CAYMAN) LP FMV 119,171 119,171
VORTUS INVESTMENTS LP FMV 305,234 305,234
WATERLINE VENTURES II LP FMV 2,131,754 2,131,754
WATERLINE VENTURES III LP FMV 1,400,478 1,400,478
WDE TORCSILL COINVEST LLC FMV 728,890 728,890
WHITE DEER ENERGY LP II FMV 680,895 680,895
WHITE DEER ENERGY LP III FMV 2,972,148 2,972,148
WORK-BENCH KELETHIN LLC FMV 288,972 288,972
WORK-BENCH VENTURES III LP FMV 337,152 337,152
WYKEHAM CAPITAL ASIA VALUE FUND LTD - INITIAL FMV 1,844,181 1,844,181
HOLT OPPORTUNITY FUND 2013 LP FMV 34,397 34,397
BRAIDWELL PARTNERS (US) LP FMV 2,970,244 2,970,244
OEP VIII LP FMV 3,764,734 3,764,734
AXIAL READE CAPITAL FUND II LP FMV 799,938 799,938
TENFORE HOLDINGS FUND III LP FMV 653,653 653,653
HIGHBROOK DCLF TEF LP FMV 2,421,046 2,421,046
ACACIA PROPERTY CORPORATION 2022 FMV 457,761 457,761
LEGALIST DIP OFFSHORE FUND II FMV 1,427,831 1,427,831
AMPLIFY PARTNERS V FMV 625,478 625,478
FARO ENERGY HOLDINGS LLC FMV 3,545,113 3,545,113
AMPLIFY PARTNERS SELECT FUND V FMV 436,866 436,866
DAVIDSON KEMPNER CAPITAL MANGAGEMENT FMV 18,031 18,031
DAVIDSON KEMPNER LIQUID GP TOPCO LLC FMV 19,460 19,460
VORTUS NPR CO-INVESTMENT FMV 1 1
HUNTER POINT CAPITAL INVESTORS (ONSHORE) LP FMV 337,486 337,486
BRAIDWELL COMPANION CMV (US) LP FMV 186,381 186,381
CHARTER OAK CARBON FUND I LP FMV 4,008,565 4,008,565
JUNIPER INSURANCE OPPO FUND FMV 3,480,401 3,480,401
MADISON RIVER CAPITAL I-A, LP FMV 1,302,402 1,302,402
AMBERBROOK IX LP FMV 585,046 585,046
OEP VIII PROJECT X-WING CO-INVESTMENT PARTNERS, L.P. FMV 843,132 843,132
WATERLINE VENTURES IV, L.P. FMV 1 1
SUNRIDGE AGRIBUSINESS OPPORTUNITIES III FMV 1 1

TY 2023 LegalFeesSchedule
Name:
THOMAS L KEMPNER JR FOUNDATION
EIN:
13-3407819
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 25,666 25,666 0 0


TY 2023 OtherAssetsSchedule
Name:
THOMAS L KEMPNER JR FOUNDATION
EIN:
13-3407819
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
REDEMPTION PROCEEDS RECEIVABLE 44,799 6,190 6,190


TY 2023 OtherExpensesSchedule
Name:
THOMAS L KEMPNER JR FOUNDATION
EIN:
13-3407819
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 9,145 0 0 9,145
CHARITABLE EXPENSES 273 0 0 273
ADMIN FEE EXPENSES 151,304 151,304 0 0
OFFICE EXPENSES 5,071 0 0 5,071


TY 2023 OtherIncomeSchedule2
Name:
THOMAS L KEMPNER JR FOUNDATION
EIN:
13-3407819
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASS THROUGH INCOME 801,779 8,110,547  
CURRENCY GAIN/LOSS -16,352 -16,352  


TY 2023 OtherIncreasesSchedule
Name:
THOMAS L KEMPNER JR FOUNDATION
EIN:
13-3407819
Description Amount
UNREALIZED GAIN/LOSS - INVESTMENTS 13,469,661


TY 2023 OtherLiabilitiesSchedule
Name:
THOMAS L KEMPNER JR FOUNDATION
EIN:
13-3407819
Description Beginning of Year - Book Value End of Year - Book Value
JPM MARGIN LOAN 0 871,290


TY 2023 OtherProfessionalFeesSchedule
Name:
THOMAS L KEMPNER JR FOUNDATION
EIN:
13-3407819
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 420,064 307,275 0 112,789
PAYROLL PROCESSING FEE 2,578 0 0 2,578


TY 2023 TaxesSchedule
Name:
THOMAS L KEMPNER JR FOUNDATION
EIN:
13-3407819
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX (T) 855,000 0 0 0
STATE TAXES 269,376 0 0 0
FOREIGN TAXES 2,793 2,793 0 0