TY 2023 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	1,837,725	2,565,761
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,573,213
b	Gross sales price for all assets on line 6a 15,282,670
7	Capital gain net income (from Part IV, line 2)...		3,225,224
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	982,598	568,427	1,049
12	Total. Add lines 1 through 11........	5,393,536	6,359,412	1,049
	13	Compensation of officers, directors, trustees, etc.	350,000	17,500	0	332,500
14	Other employee salaries and wages......	98,860	9,886	0	88,974
15	Pension plans, employee benefits.......	72,000	7,200	0	64,800
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	84,340	0	0	0
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	312,256	272,256	0	40,000
17	Interest...............		123,451
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	126,700	21,667	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	112,832	11,283	0	101,549
21	Travel, conferences, and meetings.......	8,193	410	0	7,783
22	Printing and publications..........	4,710	235	0	4,475
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	36,710	1,007,626	0	25,841
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,206,601	1,471,514	0	665,922
25	Contributions, gifts, grants paid.......	6,670,000			6,670,000
26	Total expenses and disbursements. Add lines 24 and 25	7,876,601	1,471,514	0	7,335,922
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-2,483,065
b	Net investment income (if negative, enter -0-)		4,887,898
c	Adjusted net income (if negative, enter -0-)...			1,049

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7		2	3,225,224
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................	3	3,225,224

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	67,942
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	67,942
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	67,942
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	140,000
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	140,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.	8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	72,058
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax72,058	Refunded	11	0

(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
RUSSELL P PENNOYER	PRESIDENT/TRUSTEE 3.00	0	0	0
420 LEXINGTON AVENUE NEW YORK,NY10170
TATIANA POUSCHINE	VICE PRESIDENT/TRUSTEE 3.00	0	0	0
420 LEXINGTON AVENUE NEW YORK,NY10170
JOHN N IRWIN III	CHAIRMAN/TRUSTEE 3.00	0	0	0
420 LEXINGTON AVENUE NEW YORK,NY10170
HORACE I CRARY JR	TREASURER/TRUSTEE 3.00	0	0	0
420 LEXINGTON AVENUE NEW YORK,NY10170
GEORGE MCCABE	TRUSTEE 3.00	0	0	0
420 LEXINGTON AVENUE NEW YORK,NY10170
LESLIE LENKOWSKY	TRUSTEE 3.00	0	0	0
420 LEXINGTON AVENUE NEW YORK,NY10170
MAGDALENA ZAVALIA DE MIGUENS	TRUSTEE 3.00	0	0	0
420 LEXINGTON AVENUE NEW YORK,NY10170
OLIVER GRACE	TRUSTEE 3.00	0	0	0
420 LEXINGTON AVENUE NEW YORK,NY10170
JOHN B KRIEGER	EXECUTIVE DIRECTOR/SECRETARY 40.00	350,000	42,000	0
420 LEXINGTON AVENUE NEW YORK,NY10170


PATHSTONE	INV. ADVISORY FEES	193,757
24 FEDERAL STREET 8TH FLOOR BOSTON,MA02110
CONDON O'MEARA MCGINTY & DONNELLY	AUDIT/TAX SERVICES	58,340
1 BATTERY PARK PLAZA 7TH FLOOR NEW YORK,NY10004
FIRST REPUBLIC	INV. ADVISORY FEES	57,629
225 BROADWAY NEW YORK,NY10007

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN BALLET THEATRE 890 BROADWAY NEW YORK,NY100031278	NONE	PC	GENERAL OPERATING SUPPORT	25,000
AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC 1789 MASSACHUSETTS AVENUE NW WASHINGTON,DC20036	NONE	PC	GENERAL OPERATING SUPPORT	1,250
AMERICAN PUBLIC MEDIA 480 CEDAR STREET SAINT PAUL,MN55101	NONE	PC	TO ADAPT THE SOLD A STORY PODCAST INTO SPANISH	50,000
AMERICAN REPERTORY BALLET 301 N HARRISON STREET PRINCETON,NJ08540	NONE	PC	GENERAL OPERATING SUPPORT	25,000
AMERICANS FOR FAIR TREATMENT 225 STATE STREET HARRISBURG,PA17101	NONE	PC	ACTIVITIES IN NEW YORK, NEW JERSEY	25,000
AQUINAS INSTITUTE FOR CATHOLIC LIFE AT PRINCETON UNIVERSITY 134 NASSAU STREET PRINCETON,NJ08542	NONE	PC	PRINCETON INITIATIVE IN CATHOLIC	50,000
ARCHDIOCESE OF NEWARK MERCY HOUSE THE RESPECT LIFE OFFICE NEWARK,NJ07140	NONE	PC	GENERAL OPERATING SUPPORT	25,000
ASSOCIATION OF AMERICAN EDUCATORS 25909 PALA PLACE MISSION VIEJO,CA92691	NONE	PC	NEW JERSEY CHAPTER	25,000
ATLAS NETWORK TWO LIBERTY CENTER 4075 WILSON BOULEVARD SUITE 310 ARLINGTON,VA22203	NONE	PC	GENERAL OPERATING SUPPORT	20,000
BILLION OYSTER PROJECT 10 SOUTH STREET SLIP 7 NEW YORK,NY10004	NONE	PC	GENERAL OPERATING SUPPORT	100,000
BIPARTISAN POLICY CENTER 1225 EYE STREET NW SUITE 1000 WASHINGTON,DC20005	NONE	PC	PRESIDENTIAL LEADERSHIP INITIATIVE	50,000
BOWERY MISSION 90 LAFAYETTE STREET NEW YORK,NY10013	NONE	PC	MONT LAWN CITY CAMP	50,000
BOYS & GIRLS CLUB OF MARTIN COUNTY PO BOX 910 HOBE SOUND,FL33475	NONE	PC	GENERAL OPERATING SUPPORT	10,000
BRAIN INJURY ALLIANCE OF NEW JERSEY 825 GEORGES ROAD NORTH BRUNSWICK,NJ08902	NONE	PC	GENERAL OPERATING SUPPORT	30,000
BRICK PRESBYTERIAN CHURCH 62 EAST 92ND STREET NEW YORK,NH10128	NONE	PC	GENERAL OPERATING SUPPORT	5,000
BRONX SCHOOL FOR MUSIC 3348 PERRY AVENUE BRONX,NY10467	NONE	PC	GENERAL OPERATING SUPPORT	2,000
BROOKLYN BOTANIC GARDEN 1000 WASHINGTON AVENUE BROOKLYN,NY11225	NONE	PC	GENERAL OPERATING SUPPORT	50,000
BROOKLYN HOSPITAL FOUNDATION 121 DEKALB AVENUE BROOKLYN,NY11201	NONE	PC	MEDICAL EQUIPMENT	25,000
BROOKLYN JESUIT PREP 925 EAST 37TH STREET BROOKLYN,NY11210	NONE	PC	GENERAL OPERATING SUPPORT	50,000
BROOKLYN WORKFORCE INNOVATIONS 621 DEGRAW STREET BROOKLYN,NY11217	NONE	PC	GENERAL OPERATING SUPPORT	50,000
BUCKLEY INSTITUTE 234 CHURCH STREET NEW HAVEN,CT06510	NONE	PC	GENERAL OPERATING SUPPORT	50,000
BUILD 1460 BROADWAY NEW YORK,NY10036	NONE	PC	BUILD NYC	25,000
CANCER HOPE NETWORK TWO NORTH ROAD SUITE A CHESTER,NJ07930	NONE	PC	GENERAL OPERATING SUPPORT	30,000
CAPITAL RESEARCH CENTER 1513 - 16TH STREET NW WASHINGTON,DC20036	NONE	PC	GENERAL OPERATING SUPPORT	2,250
CAREGIVER VOLUNTEERS OF CENTRAL JERSEY 201 HOOPER AVENUE TOMS RIVER,NJ08753	NONE	PC	GENERAL OPERATING SUPPORT	25,000
CARINGKIND 360 LEXINGTON AVENUE THIRD FLOOR NEW YORK,NY10017	NONE	PC	MINORITY OUTREACH	50,000
CARNEGIE HALL SOCIETY 881 SEVENTH AVENUE NEW YORK,NY10019	NONE	PC	GENERAL OPERATING SUPPORT	50,000
CARNEGIE HALL SOCIETY 881 SEVENTH AVENUE NEW YORK,NY10019	NONE	PC	MUSICAL CONNECTIONS PROGRAM	25,000
CATHOLIC SCHOOLS FOUNDATION 67 BATTERYMARCH STREET BOSTON,MA02110	NONE	PC	GENERAL OPERATING SUPPORT	20,000
CENTER FOR HEARING AND COMMUNICATION 50 BROADWAY 6TH FLOOR NEW YORK,NY10004	NONE	PC	FAMILY RESOURCE CENTER	50,000
CENTER FOR JEWISH HISTORY 15 WEST 16TH STREET NEW YORK,NY10011	NONE	PC	JEWISH PUBLIC HISTORY FORUM	50,000
CHAMBER MUSIC SOCIETY OF LINCOLN CENTER 70 LINCOLN CENTER PLAZA NEW YORK,NY10023	NONE	PC	GENERAL OPERATING SUPPORT	150,000
CHRISTODORA 1 EAST 53RD STREET NEW YORK,NY10021	NONE	PC	GENERAL OPERATING SUPPORT	12,000
CLARION MUSIC SOCIETY 119 EAST 74TH STREET NEW YORK,NY10021	NONE	PC	GENERAL OPERATING SUPPORT	75,000
CO2 COALITION 1621 NORTH KENT STREET ARLINGTON,VA22209	NONE	PC	GENERAL OPERATING SUPPORT	50,000
COMMITTEE TO PROTECT JOURNALISTS PO BOX 2675 NEW YORK,NY10108	NONE	PC	JOURNALIST ASSISTANCE PROGRAM	50,000
COMMON GOOD INSTITUTE 222 EAST 46TH STREET SUITE 401 NEW YORK,NY10017	NONE	PC	REMOVING PUBLIC UNION CONTROL OVER	50,000
COMMUNITY HELP IN PARK SLOPE 200 FOURTH STREET BROOKLYN,NY11217	NONE	PC	GENERAL OPERATING SUPPORT	2,000
COMMUNITY HELP IN PARK SLOPE 200 FOURTH STREET BROOKLYN,NY11217	NONE	PC	GENERAL OPERATING SUPPORT	2,000
COMPETITIVE ENTERPRISE INSTITUTE 1310 L STREET NW 7TH FLOOR WASHINGTON,DC20005	NONE	PC	GENERAL OPERATING SUPPORT	50,000
CRISTO REY NEW YORK HIGH SCHOOL 112 EAST 106TH STREET NEW YORK,NY10029	NONE	PC	FINANCIAL AID	50,000
CROSSROADS4HOPE 3 CROSSROADS DRIVE BEDMINSTER,NJ07921	NONE	PC	SUPPORT 4 FAMILIES	30,000
CUNY - DEPARTMENT OF POLITICAL SCIENCE 160 CONVENT AVENUE NAC 4/136 NEW YORK,NY10031	NONE	PC	DANIEL PATRICK MOYNIHAN CENTER	75,000
DARTMOUTH NATURAL RESOURCES TRUST 404 ELM STREET DARTMOUTH,MD02748	NONE	PC	GENERAL OPERATING SUPPORT	2,000
DE LA SALLE ACADEMY 332 WEST 43RD STREET NEW YORK,NY10036	NONE	PC	GENERAL OPERATING SUPPORT	50,000
DOCTORS WITHOUT BORDERS USA 40 RECTOR STREET NEW YORK,NY10006	NONE	PC	EARTHQUAKE RELIEF	25,000
DOMINICAN ACADEMY 44 EAST 68TH STREET NEW YORK,NY10065	NONE	PC	SCHOLARSHIPS	50,000
DONORS TRUST & DONORS CAPITAL FUND 1800 DIAGONAL STREET SUITE 280 ALEXANDRIA,VA22314	NONE	PC	THE 1940 FUND	100,000
DRESS FOR SUCCESS CENTRAL NEW JERSEY 3131 PRINCETON PIKE LAWRENCEVILLE,NJ08648	NONE	PC	EMPLOYMENT PROGRAM FOR FEMALE	25,000
ELM PROJECT 88 HAMILTON AVENUE STAMFORD,CT06902	NONE	PC	2023 CAMP AMERIKIDS	30,000
ETHICS AND PUBLIC POLICY CENTER 1730 M STREET NW SUITE 91 WASHINGTON,DC20036	NONE	PC	DAVID NETWORK	50,000
FORT TICONDEROGA PO BOX 390 TICONDEROGA,NY12883	NONE	PC	CENTER FOR DIGITAL HISTORY	25,000
FOUNDATION FOR CULTURAL REVIEW 900 BROADWAY NEW YORK,NY10003	NONE	PC	THE NEW CRITERION	2,000
FOUNDATION FOR CULTURAL REVIEW 900 BROADWAY NEW YORK,NY10003	NONE	PC	THE NEW CRITERION	50,000
FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY 201 WEST FIFTH STREET AUSTIN,TX78701	NONE	PC	CLOSURE OF THE INDIAN POINT NUCLEAR	50,000
FREEDOM HOUSE 1850 M STREET NW WASHINGTON,DC20036	NONE	PC	STOPPING TRANSNATIONAL REPRESSION IN THE UNITED STATES	50,000
FRIENDS OF THE LOBKOWICZ COLLECTIONS PO BOX 814 DOVER,MD02030	NONE	PC	ANTONN DVOK BIRTH HOUSE, MOZART	100,000
FRIENDS OF THE LOBKOWICZ COLLECTIONS PO BOX 814 DOVER,MD02030	NONE	PC	GENERAL OPERATING SUPPORT	2,000
FRIENDS OF UNITED HATZALAH 442 FIFTH AVENUE SUITE 1866 NEW YORK,NY10018	NONE	PC	ISRAEL RELIEF	25,000
FUTURES IN EDUCATION FOUNDATION 243 PROSPECT PARK WEST BROOKLYN,NY11215	NONE	PC	SCHOLARSHIPS	60,000
GILDER LEHRMAN INSTITUTE OF AMERICAN 49 WEST 45TH STREET NEW YORK,NY10036	NONE	PC	GENERAL OPERATING SUPPORT	4,000
GIRLS ON THE RUN NJ EAST PO BOX 896 MILBURN,NY07041	NONE	PC	EVERY GIRL CAN RUN IN NEWARK	20,000
GREENWICH COUNTRY DAY SCHOOL 401 OLD CHURCH ROAD GREENWICH,CT06830	NONE	PC	GENERAL OPERATING SUPPORT	10,000
GREENWICH COUNTRY DAY SCHOOL 401 OLD CHURCH ROAD GREENWICH,CT06830	NONE	PC	GENERAL OPERATING SUPPORT	5,000
HANDS IN 4 YOUTH 256 MACOPIN ROAD WEST MILFORD,NJ07840	NONE	PC	CAMP VACAMAS AND RELATED	30,000
HAPPINESS IS CAMPING 62 SUNSET LAKE ROAD HANDWICK,NJ07825	NONE	PC	2023 SUMMER CAMP	30,000
HARLEM ACADEMY 655 ST NICHOLAS AVENUE NEW YORK,NY10030	NONE	PC	GENERAL OPERATING SUPPORT	50,000
HARLEM EDUCATIONAL ACTIVITIES FUND 2090 SEVENTH AVENUETENTH FLOOR NEW YORK,NY10027	NONE	PC	GENERAL OPERATING SUPPORT	2,000
HEALTHCARE CHAPLAINCY 500 SEVENTH AVENUE NEW YORK,NY10018	NONE	PC	GENERAL OPERATING SUPPORT	50,000
HEARING HEALTH FOUNDATION PO BOX 1397 NEW YORK,NY10018	NONE	PC	GENERAL OPERATING SUPPORT	50,000
HENRY JACKSON SOCIETY MILLBANK TOWER 21-24 MILLBANK,MILLBANK UK	NONE	PC	GENERAL OPERATING SUPPORT	50,000
HETERODOX ACADEMY 82 NASSAU STREET NEW YORK,NY10038	NONE	PC	CAMPUS COMMUNITIES NETWORK AND	100,000
HISTORIC LANDMARKS PRESERVATION CENTER 720 PARK AVENUE NEW YORK,NY10021	NONE	PC	NYC LANDMARKS60 ALLIANCE	25,000
HOLY APOSTLES SOUP KITCHEN 296 NINTH AVENUE NEW YORK,NY10001	NONE	PC	GENERAL OPERATING SUPPORT	25,000
HOSPITAL FOR SPECIAL SURGERY 535 EAST 70TH STREET NEW YORK,NY10021	NONE	PC	RESEARCH ON JUVENILE	150,000
HOSPITALITY PATHWAYS 205 WEST 76TH STREET STATEN ISLAND,NY10023	NONE	PC	GENERAL OPERATING SUPPORT	25,000
HOT BREAD KITCHEN 75 NINTH AVENUE NEW YORK,NY10011	NONE	PC	GENERAL OPERATING SUPPORT	50,000
HOTCHKISS SCHOOL ALUMNI DEVELOPMENT OFFICE LAKEVILLE,CT06039	NONE	PC	GENERAL OPERATING SUPPORT	1,000
HUDSON INSTITUTE 1201 PENNSYLVANIA AVENUE NW SUITE 400 WASHINGTON,DC20004	NONE	PC	GENERAL OPERATING SUPPORT	4,000
HUDSON INSTITUTE 1201 PENNSYLVANIA AVENUE NW SUITE 400 WASHINGTON,DC20004	NONE	PC	RESEARCH AND ACTIVITIES ON RUSSIA AND	125,000
HUDSON INSTITUTE 1201 PENNSYLVANIA AVENUE NW SUITE 400 WASHINGTON,DC20004	NONE	PC	THE STRATEGIC IMPORTANCE OF THE U.S.	125,000
HUDSON LINK FOR HIGHER EDUCATION IN PO BOX 862 OSSINING,NY10562	NONE	PC	GENERAL OPERATING SUPPORT	50,000
HUDSON RIVER COMMUNITY SAILING HUDSON RIVER PARK AT 26TH ST NEW YORK,NY10011	NONE	PC	SAIL ACADEMY	50,000
I CHALLENGE MYSELF 1216 BROADWAY 2ND FLOOR NEW YORK,NY10001	NONE	PC	GENERAL OPERATING SUPPORT	30,000
IDEAS BEYOND BORDERS 244 FIFTH AVENUE NEW YORK,NY10001	NONE	PC	INNOVATION HUB	50,000
INDIANA UNIVERSITY FOUNDATION INSTITUTE FOR THE STUDY OF CONTEMPORARY 1101 EAST THIRD STREET BLOOMINTON,IN47405	NONE	PC	INSTITUTE FOR THE STUDY OF	7,500
INNER-CITY SCHOLARSHIP FUND 1011 FIRST AVENUE SUITE 1800 NEW YORK,NY10022	NONE	PC	SCHOLARSHIPS	50,000
INSTITUTE FOR JUSTICE 901 N GLEBE ROAD ARLINGTON,VA22203	NONE	PC	GENERAL OPERATING SUPPORT	50,000
INTERNATIONAL DOCUMENTARY ASSOCIATION 3600 WILSHIRE BOULEVARD LOS ANGELES,CA90010	NONE	PC	JUICE: POWER, POLITICS AND THE GRID	40,000
ISLAND HEALTH PROJECT PO BOX 344 FISHER ISLAND,NY06390	NONE	PC	GENERAL OPERATING SUPPORT	2,000
JACKSON LABORATORY PO BOX 411423 BOSTON,MD02241	NONE	PC	RARE DISEASE TRANSLATIONAL CENTER	100,000
JOBSFIRSTNYC 11 PARK PLACE NEW YORK,NY10007	NONE	PC	HEALTHCARE SECTOR NETWORK	50,000
JOHN JAY SOCIETY 304 WEST 105TH STREET NEW YORK,NY10025	NONE	PC	GENERAL OPERATING SUPPORT	25,000
JOYCE'S VOICE FOR CATS PO BOX 306 YARDLEY,PA19067	NONE	PC	GENERAL OPERATING SUPPORT	2,000
KENYON COLLEGE GAMBIER OH 43022 GAMBIER,OH43022	NONE	PC	GENERAL OPERATING SUPPORT	5,000
LEGAL INSURRECTION FOUNDATION 18 MAPLE AVENUE BARRINGTON,RI02806	NONE	PC	CRITICALRACE.ORG	50,000
LIBRARY OF AMERICA 14 EAST 60TH STREET NEW YORK,NY10022	NONE	PC	FOR THE PRODUCTION OF TWO BOOKS: JOHN	100,000
LIGHTHOUSE WORKS 1070 MONTAUK AVENUE FISHER ISLAND,NY06390	NONE	PC	GENERAL OPERATING SUPPORT	1,000
LLC INTERNATIONAL FUND PO BOX 101787 PASADENA,CA91189	NONE	PC	PHILANTHROPIA JOURNAL	4,000
LYRIC CHAMBER MUSIC SOCIETY 157 COLUMBUS AVENUE NEW YORK,NY10023	NONE	PC	GENERAL OPERATING SUPPORT	25,000
MAGNUM FOUNDATION 59 EAST 4TH STREET 7W NEW YORK,NY10003	NONE	PC	GENERAL OPERATING SUPPORT	50,000
MAKEHAVEN 770 CHAPEL STREET NEW HAVEN,CT06510	NONE	PC	SCHOLARSHIP PROGRAM	25,000
MANHATTAN INSTITUTE FOR POLICY RESEARCH 52 VANDERBILT AVENUE NEW YORK,NY10017	NONE	PC	ENERGY POLICY	150,000
MANHATTAN INSTITUTE FOR POLICY RESEARCH 52 VANDERBILT AVENUE NEW YORK,NY10017	NONE	PC	GENERAL OPERATING SUPPORT	4,000
MANHATTAN INSTITUTE FOR POLICY RESEARCH 52 VANDERBILT AVENUE NEW YORK,NY10017	NONE	PC	K-12 EDUCATION POLICY	100,000
MANHATTAN INSTITUTE FOR POLICY RESEARCH 52 VANDERBILT AVENUE NEW YORK,NY10017	NONE	PC	POLICING AND PUBLIC SAFETY INITIATIVE	150,000
MANNES SCHOOL OF MUSIC THE NEW SCHOOL 55 WEST 13TH STREET NEW YORK,NY10011	NONE	PC	2023-24 MANNES SOUNDS FESTIVAL	50,000
MARINE PARK ALLIANCE 3000 FILLMORE AVENUE BROOKLYN,NY11234	NONE	PC	GENERAL OPERATING SUPPORT	25,000
MERCY CENTER 1106 MAIN STREET ASBURY PARK,NJ07712	NONE	PC	FOOD PANTRY	25,000
METROPOLITAN MUSEUM OF ART 1000 FIFTH AVENUE NEW YORK,NY10028	NONE	PC	GENERAL OPERATING SUPPORT	50,000
METROPOLITAN OPERA ASSOCIATION 30 LINCOLN CENTER NEW YORK,NY10023	NONE	PC	LINDEMANN YOUNG ARTIST DEVELOPMENT	50,000
MIDDLE EAST FORUM 1650 MARKET STREET PHILADELPHIA,PA19103	NONE	PC	GENERAL OPERATING SUPPORT	50,000
MINT THEATER COMPANY 412 WEST 42ND STREET NEW YORK,NY10036	NONE	PC	GENERAL OPERATING SUPPORT	30,000
MUSEUM OF THE AMERICAN REVOLUTION 101 SOUTH THIRD STREET PHILADELPHIA,PA19106	NONE	PC	PATRIOTS OF COLOR DIGITAL INTERACTIVE	50,000
MYFACE 333 EAST 30TH STREET LOBBY UNIT NEW YORK,NY10016	NONE	PC	CENTER FOR CRANIOFACIAL CARE	50,000
NASAREANORG 112 SOUTH MAIN STREET STOWE,VT05672	NONE	PC	GENERAL OPERATING SUPPORT	4,000
NATIONAL PUBLIC RADIO 1111 NORTH CAPITOL STREET NE WASHINGTON,DC20002	NONE	PC	REPORTING ON UKRAINE	2,000
NATURAL AREAS CONSERVANCY 1234 FIFTH AVENUE NEW YORK,NY10029	NONE	PC	CUNY INTERNSHIP AND STUDENT URBAN	25,000
NAUMBURG ORCHESTRAL CONCERTS 300 CENTRAL PARK WEST APT 18H NEW YORK,NY10024	NONE	PC	SUMMER 2024 SERIES OF CONCERTS IN	25,000
NETWORK FOR TEACHING ENTREPRENEURSHIP 120 WALL STREET 18TH FLOOR NEW YORK,NY10005	NONE	PC	NEW YORK CITY METRO PROGRAMS	25,000
NEW CITY PARKS 1350 BROADWAY NEW YORK,NY10018	NONE	PC	NEW PARKS IN PATERSON AND JERSEY	50,000
NEW CIVIL LIBERTIES ALLIANCE 1225 19TH STREET NW WASHINGTON,WA10056	NONE	PC	GENERAL OPERATING SUPPORT	50,000
NEW JERSEY BALLET COMPANY 7-9 VREELAND ROAD FLORHAM PARK,NJ07932	NONE	PC	GENERAL OPERATING SUPPORT	25,000
NEW YORK CARES 39 BROADWAY NEW YORK,NY10006	NONE	PC	NEW YORK CARES COAT DRIVE	25,000
NEW YORK CITY BALLET DAVID H KOCH THEATER NEW YORK,NY10023	NONE	PC	GENERAL OPERATING SUPPORT	25,000
NEW YORK COMMON PANTRY 8 EAST 109TH STREET NEW YORK,NY10029	NONE	PC	FOOD PANTRY	25,000
NEW-YORK HISTORICAL SOCIETY 170 CENTRAL PARK WEST NEW YORK,NY10024	NONE	PC	TANG ACADEMY OF AMERICAN	200,000
NEW-YORK HISTORICAL SOCIETY 170 CENTRAL PARK WEST NEW YORK,NY10024	NONE	PC	GENERAL OPERATING SUPPORT	2,000
PALM BEACH ATLANTIC UNIVERSITY 901 S FLAGLER DRIVE WEST PALM BEACH,FL33401	NONE	PC	RESTRICTED FUND	10,000
PHIPPS NEIGHBORHOODS 902 BROADWAY NEW YORK,NY10010	NONE	PC	CAREER NETWORK	50,000
PRAGER UNIVERSITY FOUNDATION 15021 VENTURA BOULEVARD SHERMAN OAKS,CA91403	NONE	PC	DOCUMENTARY ON CRIME IN INNER-CITY NEIGHBORHOODS	50,000
PROSPECT PARK ALLIANCE 95 PROSPECT PARK WEST BROOKLYN,NY11215	NONE	PC	GENERAL OPERATING SUPPORT	50,000
PUBLIC THEATER 425 LAFAYETTE STREET NEW YORK,NY10003	NONE	PC	HUNTS POINT CHILDRENS SHAKESPEARE	30,000
READING TEAM 2090 ADAM CLAYTON POWELL JR BOULEVARD NEW YORK,NY10027	NONE	PC	GENERAL OPERATING SUPPORT	25,000
RED BULL THEATER 191 SEVENTH AVENUE NEW YORK,NY10011	NONE	PC	SHAKESPEARE IN SCHOOLS	25,000
ROCKEFELLER UNIVERSITY 1230 YORK AVENUE NEW YORK,NY10021	NONE	PC	RESEARCH OF JIANKUN (JK) LYU, PH.D.	500,000
ROSENWALD PARK CAMPAIGN 19 MAPLEWOOD PARK COURT BETHESDA,MD20814	NONE	PC	JULIUS ROSENWALD & ROSENWALD	5,000
SAINT IGNATIUS SCHOOL 740 MANIDA STREET BRONX,NY10474	NONE	PC	FINANCIAL AID	50,000
SCHOLARSHIP FUND FOR INNER-CITY CHILDREN 171 CLIFTON AVENUE NEWARK,NJ07104	NONE	PC	SCHOLARSHIPS	60,000
SCHOOL OF AMERICAN BALLET 70 LINCOLN CENTER PLAZA NEW YORK,NY10023	NONE	PC	GENERAL OPERATING SUPPORT	25,000
SENIOR CITIZENS ACTIVITIES NETWORK 180 ROUTE 35 SOUTH EATONTOWN,NJ07724	NONE	PC	GENERAL OPERATING SUPPORT	25,000
SISTERS OF LIFE ST PAUL THE APOSTLE CONVENT 586 MCLEAN AVENUE YONKERS,NY10705	NONE	PC	GENERAL OPERATING SUPPORT	2,000
ST JOHN'S BREAD AND LIFE 795 LEXINGTON AVENUE BROOKLYN,NY11221	NONE	PC	GENERAL OPERATING SUPPORT	25,000
STUDENT FREE PRESS ASSOCIATION PO BOX 76 HILLSDALE,MH49242	NONE	PC	GENERAL OPERATING SUPPORT	40,000
STUDENT SPONSOR PARTNERS 90 BROAD STREET NEW YORK,NY10004	NONE	PC	SCHOLARSHIPS	60,000
SYRIAN AMERICAN MEDICAL SOCIETY FOUNDATION 1012 14TH ST NW WASHINGTON,DC20005	NONE	PC	EARTHQUAKE RELIEF	25,000
TEXAS CHRISTIAN UNIVERSITY TCU BOX 298240 FORTH WORTH,TX76129	NONE	PC	GENERAL OPERATING SUPPORT	2,000
THEATER BREAKING THROUGH BARRIERS 400 WEST 43RD STREET NEW YORK,NY10036	NONE	PC	HYBRID PLAYMAKERS INTENSIVE	10,000
TWO RIVER THEATER COMPANY 21 BRIDGE AVENUE RED BANK,NJ07701	NONE	PC	GENERAL OPERATING SUPPORT	25,000
UKRAINIAN MUSEUM 222 EAST 6TH STREET NEW YORK,NY10003	NONE	PC	SAFEGUARDING UKRAINIAN CULTURE	50,000
VAN CORTLANDT PARK ALLIANCE 80 VAN CORTLANDT PARK SOUTH BRONX,NY10463	NONE	PC	GENERAL OPERATING SUPPORT	25,000
VISITING NEIGHBORS 3 WASHINGTON SQUARE VILLAGE NEW YORK,NY10012	NONE	PC	GENERAL OPERATING SUPPORT	25,000
VOICES OF ASCENSION CHORUS & ORCHESTRA 12 WEST 11TH STREET NEW YORK,NY10011	NONE	PC	GENERAL OPERATING SUPPORT	25,000
WALSH PARK BENEVOLENT CORP BOX 684 FISHER ISLAND,NY06390	NONE	PC	GENERAL OPERATING SUPPORT	2,000
WENDE MUSEUM OF THE COLD WAR 10808 CULVER BOULEVARD CULVER CITY,CA90230	NONE	PC	GENERAL OPERATING SUPPORT	25,000
WEST POINT ASSOCIATION OF GRADUATES 698 MILLS ROAD WEST POINT,NY10996	NONE	PC	GENERAL OPERATING SUPPORT	5,000
WILD BIRD FUND 565 COLUMBUS AVENUE NEW YORK,NY10024	NONE	PC	GENERAL OPERATING SUPPORT	3,000
WILD BIRD FUND 565 COLUMBUS AVENUE NEW YORK,NY10024	NONE	PC	GENERAL OPERATING SUPPORT	2,000
YANKEE INSTITUTE FOR PUBLIC POLICY 216 MAIN STREET HARTFORD,CT06106	NONE	PC	CONNECTICUT CENTER FOR EDUCATIONAL	50,000
YELLOWSTONE FOREVER PO BOX 1857 BOZEMAN,MT59771	NONE	PC	GENERAL OPERATING SUPPORT	2,000
YMCA OF MONTCLAIR 25 PARK STREET MONTCLAIR,NJ07042	NONE	PC	BOYS AND YOUNG MEN OF COLOR	25,000
YOUNG VOICES 1701 RHODE ISLAND AVENUE NW WASHINGTON,DC20036	NONE	PC	DISSIDENT PROJECT	35,000
Total ................................. 3a				6,670,000

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	456,367	180,240	180,240
	2	Savings and temporary cash investments.........	2,206,212	1,083,528	1,083,528
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	7,934,416	List of Attached Documents: // Content 7,545,866	7,545,866
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	118,218,211	List of Attached Documents: // Content 128,294,176	128,294,176
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 54,000	List of Attached Documents: // Content 27,000	List of Attached Documents: // Content 27,000
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	128,869,206	137,130,810	137,130,810
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	128,869,206	137,130,810
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	128,869,206	137,130,810
	30	Total liabilities and net assets/fund balances (see instructions).	128,869,206	137,130,810

(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
1 a	PUBLICLY TRADED SECURITIES	P
b	BRIGHTWOOD CAPITAL SBIC II LP	P
c	CYPRIUM INVESTORS IV AIV I LP	P
d	FORWARD VENTURES IV LP	P
e	HIGHCLERE INTERNATIONAL	P
	MCR HOSPITALITY FUND LP	P
	NEW CANAAN FUNDING MEZZANINE V SBIC LP	P
	NEW CANAAN FUNDING MEZZANINE VI SBIC LP	P
	PATHSTONE PMA INC	P
	PRIVATE ADVISORS REAL ASSETS FUND III	P
	PRIVATE ADVISORS SECONDARY FUND V LP	P
	PRIVATE ADVISORS SECONDARY FUND VI LP	P
	RCP SECONDARY OPPORTUNITY FUND II, LP	P
	SEACOAST CAPITAL PARTNERS III	P
	SEACOAST CAPITAL PARTNERS IV LP	P
	TIFF PRIVATE EQUITY PARTNERS 2005	P
	TIFF PRIVATE EQUITY PARTNERS 2006	P
	TIFF PRIVATE EQUITY PARTNERS 2007	P
	TIFF PRIVATE EQUITY PARTNERS 2008	P
	TIFF PRIVATE EQUITY PARTNERS 2009	P
	TIFF PRIVATE EQUITY PARTNERS 2012	P
	TIFF PRIVATE EQUITY PARTNERS 2013	P
	TIFF PRIVATE EQUITY PARTNERS 2014	P
	TIFF PRIVATE EQUITY PARTNERS 2015	P
	TIFF SPECIAL OPPORTUNITIES FUND	P
	VERDAD JAPAN FUND LP	P
	LESS: AMOUNT ATTRIBUTABEL TO UBI	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	15,282,670	12,709,457	2,573,213
b			18,248
c			1,569
d			-89,552
e			-64,372
			52,453
			89,549
			-6,678
			19,919
			30,594
			107,907
			303,273
			20,090
			729
			-178,411
			-40,139
			-53,724
			6,662
			-25,959
			16,949
			68,248
			22,079
			26,927
			350,722
			109,404
			91,974
			-226,450

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			2,573,213
b			18,248
c			1,569
d			-89,552
e			-64,372
			52,453
			89,549
			-6,678
			19,919
			30,594
			107,907
			303,273
			20,090
			729
			-178,411
			-40,139
			-53,724
			6,662
			-25,959
			16,949
			68,248
			22,079
			26,927
			350,722
			109,404
			91,974
			-226,450


(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
VICKI PULUSO	GRANTS MANAGER 40.00	56,156	0	0
420 LEXINGTON AVENUE NEW YORK,NY10170	GRANTS MANAGER 40.00	56,156	0	0








Total number of other employees paid over $50,000...................				0

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
PATHSTONE	INV. ADVISORY FEES	193,757
24 FEDERAL STREET 8TH FLOOR BOSTON,MA02110	INV. ADVISORY FEES	193,757
CONDON O'MEARA MCGINTY & DONNELLY	AUDIT/TAX SERVICES	58,340
1 BATTERY PARK PLAZA 7TH FLOOR NEW YORK,NY10004	AUDIT/TAX SERVICES	58,340
FIRST REPUBLIC	INV. ADVISORY FEES	57,629
225 BROADWAY NEW YORK,NY10007	INV. ADVISORY FEES	57,629

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7					6,521,706
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	489,557
b From 2019......	596,926
c From 2020......	558,556
d From 2021......
e From 2022......	417,573
f Total of lines 3a through e ........		2,062,612
4Qualifying distributions for 2023 from Part
XI, line 4: $ 7,335,922
a Applied to 2022, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....					6,521,706
e Remaining amount distributed out of corpus		814,216
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		2,876,828
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) ...		489,557
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		2,387,271
10 Analysis of line 9:
a Excess from 2019....	596,926
b Excess from 2020....	558,556
c Excess from 2021....
d Excess from 2022....	417,573
e Excess from 2023....	814,216

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

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

bApproved for future payment

Total ................................. 3b				0

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....		81,004	14	738,669
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	981,549
8 Gain or (loss) from sales of assets other than inventory ............		226,450	18	3,364,815
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aINCOME FROM LIMITED PARTNERSHIPS	900099		14
bOTHER INVESTMENT INCOME			14	1,049
cLESS: AMOUNT ATTRIBUTABLE TO UBI
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		307,454		5,086,082	0

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

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
AUDITING AND TAX SERVICES	58,340	0	0	0
BOOKKEEPING SERVICES	26,000	0	0	0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ZIMMER BIOMET HOLDINGS, INC	377,270	377,270
SS&C TECHNOLOGIES HOLDINGS INC	384,993	384,993
LIONS GATE ENTERTAINMENT B	389,258	389,258
LIVENT CORP	115,072	115,072
GRAPHIC PACKAGING HLDG CO	401,795	401,795
GENERAL MOTORS CO	305,320	305,320
SENSATA TECHNOLOGIES	341,887	341,887
ELANCO ANIMAL HEALTH INC	464,880	464,880
DEVON ENERGY CORP	166,115	166,115
MICRON TECHNOLOGY INC	418,166	418,166
MOHAWK INDS INC	366,390	366,390
INFINERA CORP	139,137	139,137
TOPGOLF CALLAWAY BRANDS CORP	321,216	321,216
INTERNATIONAL FLAVORS & FRAGRANCES	132,629	132,629
CARTER'S INC	359,472	359,472
ALPHABET INC	294,543	294,543
URBAN OUTFITTERS INC	124,915	124,915
REGIONS FINL CORP	118,218	118,218
BERKSHIRE HATHAWAY INC CL B	395,893	395,893
BAXTER INTERNATIONAL INC	375,002	375,002
WALT DISNEY CO	322,787	322,787
BANK OF AMERICA CORP	404,040	404,040
AXALTA COATING SYSTEMS LTD	244,584	244,584
CORNING INC	360,833	360,833
AVANTOR INC	221,451	221,451

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
RCP SECONDARY OPPORTUNITY FUND II, LP	FMV	368,806	368,806
SILVER POINT CAPITAL OFFSHORE FUND, LTD.	FMV	4,581,645	4,581,645
SEACOAST CAPITAL PARTNERS IV LP	FMV	1,097,527	1,097,527
RIVERSIDE ACCELERATION CAPITAL FUND II LP	FMV	1,297,673	1,297,673
RBC EMERGING MARKETS	FMV	2,607,570	2,607,570
SEACOAST CAPITAL PARTNERS III	FMV	616,894	616,894
TIFF PRIVATE EQUITY PARTNERS 2009	FMV	81,997	81,997
TIFF PRIVATE EQUITY PARTNERS 2007	FMV	492,733	492,733
TIFF PRIVATE EQUITY PARTNERS 2008	FMV	674,260	674,260
QUINN OPPORTUNITIES OFFSHORE LTD	FMV	1,458,675	1,458,675
TIFF PRIVATE EQUITY PARTNERS 2012	FMV	2,750,134	2,750,134
TIFF PRIVATE EQUITY PARTNERS 2013	FMV	1,567,432	1,567,432
TIFF PRIVATE EQUITY PARTNERS 2014	FMV	1,569,997	1,569,997
TIFF PRIVATE EQUITY PARTNERS 2015	FMV	4,101,562	4,101,562
TIFF SPECIAL OPPORTUNITIES FUND	FMV	908,962	908,962
TOPSPIN PARTNERS III	FMV	1,583,102	1,583,102
VANGUARD SHORT-TERM BOND INDEX	FMV	8,122,015	8,122,015
VERDAD JAPAN FUND LP	FMV	2,423,735	2,423,735
VISTA CREDIT PARTNERS III	FMV	1,555,652	1,555,652
STEELHEAD PATHFINDER FUND LTD	FMV	2,709,281	2,709,281
PRIVATE ADVISORS SECONDARY FUND VI LP	FMV	1,960,026	1,960,026
MCR TEXAS LLC	FMV	533,348	533,348
PRIVATE ADVISORS REAL ASSETS FUND III	FMV	4,393,278	4,393,278
APOLLO EUROPEAN PRINCIPAL FINANCE FUND III	FMV	898,445	898,445
ARES PRIVATE CREDIT SOLUTIONS	FMV	1,823,983	1,823,983
ARKA INDIA FUND	FMV	2,550,860	2,550,860
ARTISAN FUNDS INTL VALUE	FMV	7,103,845	7,103,845
ARTISAN FUNDS SM/MID-INV	FMV	889,017	889,017
BRIGHTWOOD CAPITAL SBIC II LP	FMV	204,181	204,181
BROWN ADVISORY WINSLOW	FMV	4,017,124	4,017,124
CARLYLE INTL ENERGY PARTNERS, LP	FMV	759,652	759,652
CYPRIUM INVESTORS IV AIV I LP	FMV	191,094	191,094
CYPRIUM INVESTORS IV LP	FMV	46,445	46,445
CYPRIUM SBIC I LP	FMV	191,060	191,060
DELAWARE EMERGING MARKETS	FMV	2,841,945	2,841,945
DODGE & COX INCOME FD	FMV	3,217,665	3,217,665
DORCHESTER CAPITAL SECONDARIES	FMV	1,888,210	1,888,210
PRIVATE ADVISORS SECONDARY FUND V LP	FMV	2,387,871	2,387,871
ELLIOTT INTERNATIONAL LIMITED	FMV	7,397,122	7,397,122
HENGISTBURY FUND 2013	FMV	5,405,684	5,405,684
HIGH GROUND INVESTMENT MANAGEMENT LLP	FMV	1,265,959	1,265,959
HIGHCLERE INTERNATIONAL	FMV	998,116	998,116
LCP IX OFFSHORE LP	FMV	3,560,690	3,560,690
MAKIRA OFFSHORE INVESTORS LTD	FMV	10,620,740	10,620,740
MCR HOSPITALITY FUND LP	FMV	1,653,505	1,653,505
WCM FOCUSED INTERNATIONAL GROWTH FUND	FMV	3,241,786	3,241,786
NEW CANAAN FUNDING MEZZANINE V SBIC LP	FMV	1,632	1,632
NEW CANAAN FUNDING MEZZANINE VI SBIC LP	FMV	816,563	816,563
NEW CANAAN FUNDING MEZZANINE VII SBIC LP	FMV	1,834,699	1,834,699
PATHSTONE PMA INC	FMV	2,494,578	2,494,578
PORTOLAN PILOT LONG ONLY FUND LP	FMV	10,333,640	10,333,640
FORWARD VENTURES IV LP	FMV	72,394	72,394
ALLIANCEBERNSTEIN S/M VAL-AD	FMV	2,129,367	2,129,367

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
SUPPLIES	1,623	81	1,542
TELEPHONE	23,999	1,200	22,799
PAYROLL SERVICE	4,188	0	0
OTHER	293	0	0
STATE FILING FEE	1,500	0	1,500
INSURANCE	5,107	0	0
LIMITED PARTNERSHIP EXPENSES	0	1,383,807	0
LESS: AMOUNT ATTRIBUTABLE TO UBIT	0	-377,462	0

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

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Software ID:
Software Version:

Description	Amount
UNREALIZED GAIN ON INVESTMENTS	7,965,096
PARTNERSHIPS UNREALIZED GAINS (LOSSES)	2,779,573

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER PARTNERSHIP INCOME	981,549	890,439	0
LESS: AMOUNT ATTRIBUTABLE TO UBIT	0	-323,061	0
OTHER INVESTMENT INCOME	1,049	1,049	1,049

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	251,386	251,386	0
CUSTODIAL FEES	20,870	20,870	0
CONSULTING FEE	40,000	0	40,000

Category	Amount	Net Investment Income
FOREIGN WITHHOLDING TAXES PAID THROUGH PARTNERSHIPS	0	24,208
STATE UBI TAXES	6,700	6,700
FEDERAL EXCISE TAX	120,000	0
LESS: AMOUNT ATTRIBUTED TO UBI	0	-2,541
LESS: AMOUNT ATTRIBUTED TO UBI	0	-6,700