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)	2,004,612
2	Check .............
3	Interest on savings and temporary cash investments	94,065	94,065	94,065
4	Dividends and interest from securities...	5,536,260	5,503,623	5,503,623
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		16,960,878
b	Gross sales price for all assets on line 6a 39,499,428
7	Capital gain net income (from Part IV, line 2)...		16,990,432
8	Net short-term capital gain.........			8,598,116
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	9,165,965	9,165,965	9,165,965
12	Total. Add lines 1 through 11........	33,761,780	31,754,085	23,361,769
	13	Compensation of officers, directors, trustees, etc.	1,125,751	0	0	1,125,751
14	Other employee salaries and wages......	4,950,954	83,285	83,285	4,944,608
15	Pension plans, employee benefits.......	1,421,275	0	0	1,479,982
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	72,877	0	0	61,752
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	168,399	17,520	17,520	117,044
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	27,211,116	6,553,855	6,553,855	20,820,726
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	639,862	30,075	30,075	0
19	Depreciation (attach schedule) and depletion...		274,815	0	0
20	Occupancy..............	463,544	6,618	6,618	434,833
21	Travel, conferences, and meetings.......	1,094,947	0	0	1,007,266
22	Printing and publications..........	34,235	0	0	34,235
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	1,062,323	0	0	1,001,924
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	38,520,098	6,691,353	6,691,353	31,028,121
25	Contributions, gifts, grants paid.......	10,743,601			12,103,977
26	Total expenses and disbursements. Add lines 24 and 25	49,263,699	6,691,353	6,691,353	43,132,098
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-15,501,919
b	Net investment income (if negative, enter -0-)		25,062,732
c	Adjusted net income (if negative, enter -0-)...			16,670,416

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.............	4,927,475	3,880,992	3,880,992
	2	Savings and temporary cash investments.........	18,048,157	23,962,614	23,962,614
	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).....	47,783,269	List of Attached Documents: // Content 4,892,167	4,892,167
	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..........	518,746	423,173	423,173
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	66,001,152	List of Attached Documents: // Content 63,844,232	63,844,232
	c	Investments—corporate bonds (attach schedule).......	16,347,221	List of Attached Documents: // Content 28,174,158	28,174,158
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	580,149,753	List of Attached Documents: // Content 600,623,547	600,623,547
	14	Land, buildings, and equipment: basis 5,630,826
		Less: accumulated depreciation (attach schedule) 625,047	5,271,843	List of Attached Documents: // Content 5,005,779	5,005,779
	15	Other assets (describe )	List of Attached Documents: // Content 6,861,615	List of Attached Documents: // Content 954,653	List of Attached Documents: // Content 954,653
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	745,909,231	731,761,315	731,761,315
	17	Accounts payable and accrued expenses..........	2,221,510	2,189,411
	18	Grants payable.................	3,646,459	2,283,146
	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 )	List of Attached Documents: // Content 8,422,061	List of Attached Documents: // Content 7,523,698
	23	Total liabilities (add lines 17 through 22).........	14,290,030	11,996,255
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	301,228,978	314,177,305
	25	Net assets with donor restrictions............	430,390,223	405,587,755
		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).....	731,619,201	719,765,060
	30	Total liabilities and net assets/fund balances (see instructions).	745,909,231	731,761,315

(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	#REORG SPLUNK INC CASH MERGER 03-18-2024	P
b	ACCENTURE PLC CLS A	P
c	ADAMS FUND SERIES LLC - OWNERSHIP SERIES	P
d	ADJUVANT GLOBAL HEALTH TECHNOLOGY FUND LP	P
e	ADR ABB LTD SPONSORED ADR	P
	ADR L OREAL S A ADR	P
	ADR MITSUBISHI UFJ FINL GROUP INC SPONSORED ADR	P
	AIA GROUP LTD NPV	P
	AMAZON COM INC COM	P
	AMER ELEC PWR CO INC COM	P
	AMERICAN EXPRESS CO	P
	ATALAYA ASSET INCOME FUND III LP	P
	ATMOS ENERGY CORP COM	P
	AVERAGE BOOK COST ADJUSTMENT EUR	P
	AVERAGE BOOK COST ADJUSTMENT GBP	P
	AVERAGE BOOK COST ADJUSTMENT HKD	P
	AVERAGE BOOK COST ADJUSTMENT JPY	P
	AVERAGE BOOK COST ADJUSTMENT SEK	P
	BERKSHIRE HATHAWAY INC COM USD0.0033 CLASS'B'	P
	BROADCOM INC COM	P
	CADENCE DESIGN SYS INC COM	P
	CARLYLE PARTNERS VII LP	P
	CF KALORAMA SEP ACC TIGER GBL LONG OPP SEG PORTFOLIO CL SI SH 1/31/24 264128	P
	CF KALORAMA SPTE ACC TIGER GL LG OPP SEG PORT CL SI SHARES 08/31/2023	P
	CF KALORAMA SPTE ACC TIGER GL LG OPP SEG PORT CL SI SHARES 09/30/2022	P
	CF KALORAMA SPTE ACC TIGER GL LG OPP SEG PORT CL SI SHARES 12/31/2023	P
	CHAMPIONX CORPORATION COM USD0.01 WI	P
	CLAYTON, DUBILIER & RICE FUND X	P
	CLAYTON, DUBILIER & RICE FUND XI, LP	P
	COATUE KONA III OFFSHORE FEEDER FUND LP	P
	COGNEX CORP COM	P
	COSTCO WHOLESALE CORP NEW COM	P
	CVS HEALTH CORP COM	P
	DELL TECHNOLOGIES INC COM USD0.01 CL C WI COMMON STOCK	P
	FANUC CORP NPV	P
	FIVERR INTERNATIONAL LTD COM	P
	FRANCO NEV CORP COM STK	P
	GDR NESTLE S A SPONSORED ADR REPSTG REG SH	P
	GEORGETOWN OPPORTUNISTIC SERIES 2016- SUB SERIES 32	P
	H CAPITAL V, LP	P
	H CAPITAL VI LP	P
	ILLUMINA INC COM	P
	IMPINJ INC COM	P
	INTELLIA THERAPEUTICS INC COM	P
	IPI DC PARTNERS FUND I-A, LP	P
	MAPLEBEAR INC COM	P
	MFC ISHARES GOLD TR ISHARES NEW	P
	MFO GMO QUAL FD III	P
	NATERA INC COM	P
	PAINE SCHWARTZ FOOD CHAIN FUND V LP	P
	REGENERON PHARMACEUTICALS INC COM	P
	ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG ORD SH	P
	SANDVIK AB NPV	P
	SILVER LAKE PARTNERS V, LP	P
	SILVER LAKE PARTNERS VI, L.P	P
	SNOWFLAKE INC CL A CL A	P
	SUMITOMO MITSUI FINANCIAL GROUP NPV	P
	TERRENO RLTY CORP	P
	VERIZON COMMUNICATIONS COM	P
	VERTEX PHARMACEUTICALS INC COM	P
	VGP NV NPV	P
	VISA INC COM CL A STK	P
	VISTA EQUITY PARTNERS FUND VI LP	P
	GEORGETOWN OPPORTUNISTIC FUND SERIES LLC - SERIES 2016 SUB SERIES 43 (PRIVA	P
	MISCELLANEOUS ADJUSTMENT (CHEVY CHASE)	P
	#REORG GRUBHUB INC STOCK MERGER JUST EAT 2Y1XA63 06-15-2021	P
	#REORG SPLUNK INC CASH MERGER 03-18-2024	P
	ADR ABB LTD SPONSORED ADR	P
	ADR ASML HLDG NV NY REG 2012 (POST REV SPLIT)	P
	ADR LVMH MOET HENNESSY LOUIS VUITTON ADR	P
	ADR NOVARTIS AG	P
	AIA GROUP LTD NPV	P
	ALPHABET INC CAP STK USD0.001 CL C	P
	AMAZON COM INC COM	P
	AMER ELEC PWR CO INC COM	P
	APPLE INC COM STK	P
	BERKSHIRE HATHAWAY INC COM USD0.0033 CLASS'B'	P
	CADENCE DESIGN SYS INC COM	P
	CHAMPIONX CORPORATION COM USD0.01 WI	P
	COGNEX CORP COM	P
	COSTCO WHOLESALE CORP NEW COM	P
	CVS HEALTH CORP COM	P
	EOG RESOURCES INC COM	P
	FANUC CORP NPV	P
	FIVERR INTERNATIONAL LTD COM	P
	FRANCO NEV CORP COM STK	P
	GDR NESTLE S A SPONSORED ADR REPSTG REG SH	P
	GOLDMAN SACHS GROUP INC COM	P
	ILLUMINA INC COM	P
	IMPINJ INC COM	P
	INDITEX (IND.DE DISENO TEXTIL SA) EUR0.03 (POST SUBD)	P
	INTELLIA THERAPEUTICS INC COM	P
	JPMORGAN CHASE & CO COM	P
	KADANT INC COM	P
	LONDON STOCK EXCHANGE GROUP ORD GBP0.06918604	P
	MFC ISHARES GOLD TR ISHARES NEW	P
	NIKE INC CL B	P
	NVIDIA CORP COM	P
	REGENERON PHARMACEUTICALS INC COM	P
	ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG ORD SH	P
	SANDOZ GROUP AG SPONSORED ADS	P
	SCHLUMBERGER LTD COM COM	P
	SNOWFLAKE INC CL A CL A	P
	SUMITOMO MITSUI FINANCIAL GROUP NPV	P
	TERRENO RLTY CORP	P
	VERIZON COMMUNICATIONS COM	P
	VERTEX PHARMACEUTICALS INC COM	P
	VGP NV NPV	P
	VISA INC COM CL A STK	P
	CF FINANCIAL OPPORTUNITY FUND LTD	P
	CF KALORAMA SEPARATE ACCOUNT TIGER GL LG OPP SEGREGATED PORTFOLIO CL D-33	P
	CF KALORAMA SPECIAL PRODUCTS FUND SPC LTD - SEPARATE ACCOUNT CYRUS	P
	MFO GMO QUAL FD III	P
	SILVER LAKE PARTNERS V, LP	P
	COATUE KONA III OFFSHORE FEEDER FUND LP	P
	PARTNERSHIP K-1 CAPITAL GAINS	P
	PARTNERSHIP K-1 CAPITAL GAINS	P
	PARTNERSHIP K-1 CG-UBI	P
	PARTNERSHIP K-1 CG-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	172,110	111,370	60,740
b	161,010	195,820	-34,810
c	4,708,262		4,708,262
d	10,948		10,948
e	62,728	56,785	5,943
	337,806	328,370	9,436
	350,740	297,683	53,057
	33,702	42,169	-8,467
	259,580	170,564	89,016
	58,160	54,508	3,652
	194,608	179,663	14,945
		26,769	-26,769
	187,777	179,696	8,081
	82		82
	4,973	4,981	-8
	2,066	2,067	-1
	20,662	20,638	24
	5,814	5,836	-22
	17,449	13,786	3,663
	142,718	150,514	-7,796
	36,483	26,857	9,626
	32,357		32,357
	171	170	1
	514	1,042	-528
	6,275	14,972	-8,697
	9,156	9,180	-24
	140,088	139,813	275
	851,716		851,716
	752		752
	55,348		55,348
	118,982	116,465	2,517
	131,638	85,746	45,892
	57,970	73,196	-15,226
	14,109	14,640	-531
	33,454	29,582	3,872
	86,411	116,809	-30,398
	172,238	152,634	19,604
	60,115	66,817	-6,702
	834,042		834,042
		26,776	-26,776
		26,376	-26,376
	100,690	135,166	-34,476
	143,895	89,035	54,860
	21,579	28,315	-6,736
	744,994		744,994
	48,671	51,110	-2,439
	33,529	28,166	5,363
	44,840		44,840
	276,709	199,786	76,923
	167,764		167,764
	45,452	40,168	5,284
	52,822	46,788	6,034
	274,412	266,271	8,141
	305,770		305,770
	23,546		23,546
	79,920	87,134	-7,214
	32,087	26,716	5,371
	52,309	56,814	-4,505
	56,311	49,165	7,146
	34,231	28,149	6,082
	32,164	28,140	4,024
	29,591	28,824	767
	915,468		915,468
		337,656	-337,656
		7,812	-7,812
	560		560
	312,524	206,417	106,107
	483,419	315,001	168,418
	338,992	117,269	221,723
	279,696	105,953	173,743
	253,043	180,423	72,620
	264,331	399,032	-134,701
	239,602	45,127	194,475
	275,396	92,183	183,213
	419,225	298,668	120,557
	327,127	33,966	293,161
	389,234	293,440	95,794
	600,149	278,232	321,917
	228,676	155,851	72,825
	340,237	278,223	62,014
	336,405	218,583	117,822
	244,464	304,750	-60,286
	323,293	117,548	205,745
	380,227	419,675	-39,448
	83,537	198,857	-115,320
	310,969	303,524	7,445
	404,389	385,745	18,644
	521,696	216,839	304,857
	196,652	341,792	-145,140
	506,808	52,666	454,142
	569,017	365,465	203,552
	100,920	108,174	-7,254
	436,259	235,776	200,483
	480,696	255,215	225,481
	396,148	332,584	63,564
	239,689	168,533	71,156
	242,889	168,854	74,035
	574,672	11,330	563,342
	621,125	252,043	369,082
	527,926	328,959	198,967
	13,521	9,952	3,569
	261,365	109,263	152,102
	173,746	182,411	-8,665
	578,974	421,420	157,554
	95,470	55,810	39,660
	349,283	432,460	-83,177
	263,132	200,567	62,565
	342,251	321,248	21,003
	228,119	177,314	50,805
	199,380		199,380
	2,347,685	4,233,640	-1,885,955
	5,152,977	4,392,966	760,011
	171,685		171,685
	165,154	64,430	100,724
	51,110	29,166	21,944
		14,143	-14,143
	3,965,816		3,965,816
			0
			0

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	16,990,432
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	8,598,116

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	348,372
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	348,372
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	348,372
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	300,000
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	300,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content	8	8,400
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9	56,772
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax	Refunded	11

(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
DAVID DANIELS	CEO 40.00	625,760	36,670	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005
MAE CHEUNG	SECRETARY 40.00	203,292	24,495	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005
CHARLES LEDSINGER	DIRECTOR 1.00	0	0	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005
TAMMY MANN	DIRECTOR 1.00	0	0	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005
BROOKE BAINUM	DIRECTOR 1.00	0	0	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005
BARBARA BAINUM	CHAIR 3.00	0	0	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005
FELICIA DEHANEY RUSSELL	DIRECTOR 1.00	0	0	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005
AMANDA MISIKO ANDERE	DIRECTOR 1.00	0	0	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005
SCOTT RENSCHLER	DIRECTOR 1.00	0	0	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005
MICHAEL BRANNAN	CFO 40.00	296,699	40,989	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005


MARICA COX MITCHELL	VICE PRESIDENT,EARLY 40.00	281,830	47,643	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005
REBECCA CISEK	VP, ORG. LEARNING AN 40.00	241,960	25,540	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005
CLARA NORTHINGTON	VICE PRESIDENT, HUMA 40.00	204,674	50,560	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005
ANGELA DEEDS	SR. DIRECTOR, FINANC 40.00	206,944	29,576	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005
RACINE TUCKER-HAMILTON	DIR. OF STRATEGIC CO 40.00	166,895	24,755	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005
Total number of other employees paid over $50,000...................	36


THE ROCK CREEK GROUP	INVESTMENT CONSULTING	628,746
1133 CONNECTICUT AVENUE NW SUITE 810 WASHINGTON,DC20036
KELLY DAVENPORT NOWLIN	PROGRAMMATIC CONSULTING	409,911
10 BLUEBERRY LANE HOPKINTON,MA01748
WAYFINDING PARTNERS	PROGRAMMATIC CONSULTING	354,827
3922 KINCAID TERRACE KENSINGTON,MD20895
LEADERSHIP MONTGOMERY EDUCATIONAL FOUNDATION	PROGRAMMATIC CONSULTING	353,482
6010 EXECUTIVE BLVD SUITE 200 ROCKVILLE,MD20852
BOOTHE COLLABORATIVE LLC	PROGRAMMATIC WORK	275,343
1633 U STREET SE WASHINGTON,DC20020

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
16,670,416	1,670,016	21,417,231	28,355,040	68,112,703
b 85% (0.85) of line 2a .........	14,169,854	1,419,514	18,204,646	24,101,784	57,895,798
c Qualifying distributions from Part XI, line 4 for each year listed .....	43,132,098	39,456,636	35,824,007	28,973,812	147,386,553
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	12,103,977	6,638,305	4,141,507	3,884,927	26,768,716
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	31,028,121	32,818,331	31,682,500	25,088,885	120,617,837
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	23,918,778	25,430,817	26,768,429	22,019,381	98,137,405
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) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

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
ADVENTHEALTH FOUNDATION CENTRAL FLORIDA 800 N MAGNOLIA AVE SIXTH FLOOR ORLANDO,FL32803		PC	TO SERVE AS A WEVISION EARLY ED SOLUTIONS LAB SITE (ECE-CENTER).	550,000
AFRICAN AMERICAN POLICY FORUM 435 WEST 116TH ST NEW YORK,NY10027		PC	GENERAL OPERATING SUPPORT	51
AGA KHAN FOUNDATION 1825 K STREET NW WASHINGTON,DC20006		PC	INTEGRATED ECD INITIATIVE IN BIHAR, INDIA	170,000
AMERICAN ACADEMY OF PEDIATRICS 345 PARK BLVD SUITE 901 ITASCA,IL60143		PC	THRIVE COALITION: BUILDING U.S. GOVERNMENT CHAMPIONS FOR GLOBAL EARLY CHILDHOOD DEVELOPMENT	100,000
AMERICAN FRIENDS OF THE OCEAN CLEANUP FOUNDATION DEPT LA 24875 PASADENA,CA911854875		PC	GENERAL OPERATING SUPPORT	50,000
ART WITH A HEART 3000 FALLS ROAD MILL NO 1 BALTIMORE,MD21211		PC	GENERAL OPERATING SUPPORT	20,000
BALTIMORE COMMUNITY FOUNDATION ATTN ASHLEY MANCINELLI PO BOX 37422 BALTIMORE,MD212973422		PC	MARYLAND TOUGH BALTIMORE STRONG KEY BRIDGE FUND	140,000
BAY AREA COMMUNITY RESOURCES 171 CARLOS DRIVE SAN RAFAEL,CA94903		PC	SUPPORT OF HOME AWAY FROM HOMELESSNESS PROJECT	15,000
BRAC USA 110 WILLIAM STREET 18TH FLOOR NEW YORK,NY10038		PC	BRAC PLAY LAB HOME-BASED DAYCARE PROJECT IN BANGLADESH	214,846
BREAD FOR THE CITY 1525 SEVENTH STREET NW WASHINGTON,DC20001		PC	TO CONTINUE SUPPORT OF THE ANTI-RACIST DC (ARDC) INITIATIVE	75,000
BRYNMOR EARLY EDUCATION & PRESCHOOL 1069 WEST BROAD STREET 805 FALLS CHURCH,VA22043		NC	TO SERVE AS A WEVISION EARLY ED SOLUTIONS LAB SITE	600,000
BRYNMOR EARLY EDUCATION & PRESCHOOL 1069 WEST BROAD STREET 805 FALLS CHURCH,VA22043		NC	TO SERVE AS A WEVISION EARLY ED SOLUTIONS LAB SITE (2ND SITE)	150,000
CATHOLIC RELIEF SERVICES 228 WEST LEXINGTON STREET BALTIMORE,MD21201		PC	CATALYZING QUALITY SUSTAINABLE AND REPLICABLE DAYCARE SERVICES IN LESOTHO	150,000
CENTER FOR RURAL AFFAIRS 145 MAIN ST PO BOX 136 LYONS,NE68038		PC	GENERAL OPERATING SUPPORT	50,000
CHICAGO PARKS FOUNDATION PO BOX 14147 CHICAGO,IL60614		PC	GENERAL OPERATING SUPPORT	51
CHILD CARE AWARE OF WASHINGTON 1001 PACIFIC AVENUE SUITE 400 TACOMA,WA98402		PC	IMPROVING CHILD, FAMILY, AND COMMUNITY OUTCOMES THROUGH RECRUITMENT AND RETENTION OF THE CHILD CARE WORKFORCE	50,000
CHILDREN IN CROSSFIRE 1220 STERLING DRIVE MUNDELEIN,IL60060		PC	GENERAL OPERATING SUPPORT	52
CITY SURF PROJECT 400 TREAT AVENUE SUITE G SAN FRANCISCO,CA94110		PC	GENERAL OPERATING SUPPORT	20,000
CORAL REEF ALLIANCE 548 MARKET ST SUITE 29802 SAN FRANCISCO,CA94104		PC	GENERAL OPERATING SUPPORT	100
DC ACTION FOR CHILDREN 1400 16TH STREET NW SUITE 740 WASHINGTON,DC20036		PC	FY24 FOUNDATION GRANT	800,000
DC DIGITAL COLLECTIVE INC 2413 HILLSDALE PLACE SE WASHINGTON,DC200204450		PC	TO SUPPORT THE NEXT PHASE OF THE W8CED IMPLEMENTATION EFFORTS	100,000
DC EARLY LEARNING COLLABORATIVE INC 700 PENNSYLVANIA AVE SECOND FLOOR WASHINGTON,DC20020		PC	FY24 FOUNDATION GRANT	250,000
DC FISCAL POLICY INSTITUTE 1015 15TH STREET NE 6TH FL WASHINGTON,DC20002		PC	FY24 FOUNDATION GRANT	400,000
DEVELOPING COMMUNITIES 1829 ADAMS STREET ST HELENA,CA94574		PC	GENERAL OPERATING SUPPORT	20,000
DONORSCHOOSE 134 WEST 37TH STREET 11TH FLOOR NEW YORK,NY10018		PC	PROVIDING DC TEACHERS WITH ITEMS FROM THEIR WISH LIST - BFF WILL EXCLUSIVELY SUPPORT THE PRE- K, AND KINDERGARTEN.	229,754
DREAMING OUT LOUD INC C/O WEWORK 80 M STREET SE WASHINGTON,DC20003		PC	BUILD OUT OF THE COMMERCIAL KITCHEN AND MARKET SPACE AND ENGAGING A RETAIL SPECIALIST FOR THE MARION BARRY/DREAMING OUT LOUD MARKET TOWARDS	500,000
EDUCARE DC 640 ANACOSTIA AVE NE WASHINGTON,DC20019		PC	TO SERVE AS A WEVISION EARLY ED SOLUTIONS LAB SITE	650,000
EDUCATION PIONEERS INC 68 HARRISON AVE 605-14991 BOSTON,MA02111		PC	COACHING FOR EXECUTIVE REPRESENTATION PROGRAM	130,000
EL NIDO FAMILY CENTERS 440 SHATTO PLACE SUITE 417 LOS ANGELES,CA90020		PC	GENERAL OPERATING SUPPORT	50,000
EVERGREEN SCHOOL 10700 GEORGIA AVENUE WHEATON,MD20902		PC	SUPPORT OF THE FOREVER FUND, SUPPORTING SILVER SPRING CAMPUS	100
FRIENDS OF THE OAKLAND PUBLIC LIBRARY 721 WASHINGTON STREET OAKLAND,CA94607		PC	GENERAL OPERATING SUPPORT	100
FUSION PARTNERSHIPS INC 1601 GUILFORD AVE 2 SOUTH BALTIMORE,MD21202		PC	FY24 BFF GRANT	240,000
GANNETT COINC 7950 JONES BRANCH DRIVE MCLEAN,VA22107		NC	TO SERVE AS A WEVISION EARLY ED MEDIA PARTNER	150,000
GENERATION HOPE 1401 OKIE STREET NE SUITE 300 WASHINGTON,DC20002		PC	TWO-GENERATIONAL WORK	100,000
GLOBAL CAMPAIGN FOR EDUCATION-US 2316 RHODE ISLAND AVE NE WASHINGTON,DC20018		PC	GENERAL OPERATING SUPPORT	100,000
GLOBAL FUND FOR CHILDREN 1411 K STREET NW SUITE 1200 WASHINGTON,DC20005		PC	SUPPORTING EARLY CHILDHOOD DEVELOPMENT IN HONDURAS (SEED-HN)	150,000
HELP A MOTHER OUT 101 BROADWAY STE 250 OAKLAND,CA94607		PC	GENERAL OPERATING SUPPORT	30,000
HIGH SCOPE 600 NORTH RIVER STREET YPSILANTI,MI48198		PC	TO SERVE AS A WEVISION EARLY ED SOLUTIONS LAB SITE	550,000
HOME GROWN 123 SOUTH BROAD STREET PHILADELPHIA,PA19109		PC	TO SERVE AS A WEVISION EARLY ED SOLUTIONS LAB SITE VIA A NETWORK OF FAMILIES AND TRUSTED CAREGIVERS	500,000
IACT 1732 AVIATION BOULEVARD 138 REDONDO BEACH,CA90278		PC	EARLY CHILDHOOD EDUCATION FOR REFUGEE CHILDREN IN EASTERN CHAD	149,885
IMAGINATION STAGE 4908 AUBURN AVE BETHESDA,MD20814		PC	GENERAL OPERATING SUPPORT	25
IMMIGRATION INSTITUTE OF THE BAY AREA 58 2ND STREET 3RD FLOOR SAN FRANCISCO,CA94105		PC	SUPPORT OF THE DACA EDUCATION PROGRAM IN NAPA COUNTY	65,000
INTERNATIONAL RESCUE COMMITTEE INC 122 E 42ND STREET 12TH FLOOR NEW YORK,NY10168		PC	LEARNING THROUGH PLAY OPPORTUNITIES FOR REFUGEE CHILDREN IN JIJIGA, SOMALI REGION	200,000
INTERNATIONAL SURF THERAPY ORGANIZATION 3117 B MANHATTAN AVE MANHATTAN BEACH,CA90266		PC	GENERAL OPERATING SUPPORT	15,000
KIVA 986 MISSION STREET 4TH FLOOR SAN FRANCISCO,CA94103		PC	GENERAL OPERATING SUPPORT	18
LIFT ORLANDO 710 SOUTH TAMPA AVENUE SUITE 209 ORLANDO,FL32805		PC	GENERAL OPERATING SUPPORT	50,000
LIFT ORLANDO 710 SOUTH TAMPA AVENUE SUITE 209 ORLANDO,FL32805		PC	FOR KNOWLEDGE MANAGEMENT IMPLEMENTATION	138,000
LIGHTHOUSE CENTRAL FLORIDA 2500 KUNZE AVENUE ORLANDO,FL32806		PC	GENERAL OPERATING SUPPORT	50,000
LINCOLN FAMILIES 1266 14TH STREET OAKLAND,CA94607		PC	GENERAL OPERATING SUPPORT	25,000
LIVING CLASSROOMS FOUNDATION 1417 THAMES STREET BALTIMORE,MD21231		PC	SUPPORT OF BALTIMORE URBAN GARDENING WITH STUDENTS (BUGS)	40,000
LOUDOUN EDUCATION FOUNDATION 21000 EDUCATION COURT ASHBURN,VA20148		PC	FUELED FRESH PRODUCE INITIATIVE	23,000
MAMATOTO VILLAGE 4315 SHERIFF RD NE WASHINGTON,DC20019		PC	GENERAL OPERATING SUPPORT	25
MARTHA'S TABLE INC 2375 ELVANS ROAD SE WASHINGTON,DC20020		PC	YEAR 2 COMMUNITY IMPACT FUND	150,000
MAUI UNITED WAY 95 MAHALANI ST SUITE 24 WAILUKU,HI96793		PC	SUPPORT OF MAUI WILDFIRES DISASTER RELIEF - MAE CHEUNG	100
NAPLES ADVENTIST CHRISTIAN SCHOOL 2629 HORSESHOE DR S NAPLES,FL341046122		PC	MATCHING GRANT FOR EXPANSION PROJECT	21,266
NATIONAL ACADEMIES OF SCIENCES ENGINEERING AND MEDICINE 500 5TH STREET NW WASHINGTON,DC20001		PC	STUDY EXAMINING THE IMPACT OF TAX CREDITS ON POVERTY	150,000
NATIONAL ASSOCIATION FOR FAMILY CHILD CARE FOUNDATION 700 12TH STREET NW SUITE 700 WASHINGTON,DC20005		PC	TO SERVE AS A WEVISION EARLY ED SOLUTIONS LAB SITE VIA A NETWORK OF ECE-HOMES.	1,000,000
NATIONAL NEWSPAPER PUBLISHING ASSOCIATION 1816 12TH STREET NW WASHINGTON,DC20009		NC	TO SERVE AS A WEVISION EARLY ED MEDIA PARTNER	100,000
NEW AMERICA 740 15TH STREET NW SUITE 900 WASHINGTON,DC20005		PC	TO SERVE AS WEVISION MEDIA PARTNER	100,000
NEW IMAGE YOUTH CENTER 212 S PARAMORE AVE ORLANDO,FL32805		PC	GENERAL OPERATING SUPPORT	50,000
ONEAMERICA 1225 S WELLER STREET SUITE 430 SEATTLE,WA98144		PC	SUPPORT OF MULTILINGUAL IMMIGRANT FAMILIES IN EARLY LEARNING	50,000
ONESKY FOR ALL CHILDREN 1832 SECOND STREET SUITE K BERKELEY,CA94710		PC	BUILDING BETTER FUTURES, VIETNAM	150,000
OPEN ARMS PERINATAL SERVICES 2524 16TH AVENUE SOUTH SUITE 207 SEATTLE,WA98144		PC	GENERAL OPERATING SUPPORT	25,000
ORLANDO HEALTH FOUNDATION 3160 SOUTHGATE COMMERCE BLVD SUITE 50 ORLANDO,FL32806		PC	GENERAL OPERATING SUPPORT	50
ORLANDO SENTINEL COMMUNICATIONS COMPANY LLC PO BOX 8023 WILLOUGHBY,OH44096		NC	TO SERVE AS A WEVISION EARLY ED MEDIA PARTNER	100,000
PAGE 15 PO BOX 533709 ORLANDO,FL32853		PC	GENERAL OPERATING SUPPORT	50,000
PANCREATIC CANCER NETWORK 1500 ROSENCRANS AVENUE SUITE 200 MANHATTAN BEACH,CA90266		PC	SUPPORT FOR AMBER FRATESI TEAM, PURPLESTRIDE ATLANTA 2024	52
PATH PARTNERSHIPS 321 WALKER DR SUITE 301 WARRENTON,VA20186		PC	TO CONVENE GROUPS TO DISCUSS POLICY ADVOCACY EFFORTS IN THE DMV AREA.	50,000
PATH 2201 WESTLAKE AVENUE SUITE 200 SEATTLE,WA981212767		PC	ECDAN/ARNEC/AFECN COLLABORATION GRANT: BUILDING ECD CAPACITY AT GLOBAL, REGIONAL, AND NATIONAL LEVELS AND EXPANDING INITIATIVES TO ADDRESS THE EFFECTS OF THE CLIMATE AND ENVIRONMENTAL CRISIS ON YOUNG CHILDREN	303,928
PATH 2201 WESTLAKE AVENUE SUITE 200 SEATTLE,WA981212767		PC	DEVELOPING AND TESTING A MODEL FOR IMPROVING CHILDCARE IN GHANA BY STRENGTHENING LINKAGES BETWEEN CHILDCARE AND PRIMARY HEALTHCARE, NUTRITION, AND OTHER RELEVANT SECTORS	78,051
POWERFUL VOICES PO BOX 1557 TACOMA,WA98401		PC	GENERAL OPERATING SUPPORT	25,000
PRO BONO COUNSELING 5900 METRO DRIVE BALTIMORE,MD21215		PC	GENERAL OPERATING SUPPORT	25,000
PROJECT DRAWDOWN PO BOX 25402 NEW YORK,NY100875402		PC	GENERAL OPERATING SUPPORT	75,000
RAMAH JUNIOR ACADEMY 3400 FLORANCE STREET SAVANNAH,GA31405		PC	SUPPORT OF PRISCILLA B. DANIELS WORTHY STUDENT FUND	50
REFUGEE & IMMIGRANT TRANSITIONS 870 MARKET STREET SUITE 558 SAN FRANCISCO,CA94102		PC	GENERAL OPERATING SUPPORT	50,000
RESTORE A CHILD 9672 SANDPIPER LANE WEST PALM BEACH,FL33411		PC	GENERAL OPERATING SUPPORT	20,000
ROCA BALTIMORE 101 PARK STREET CHELSEA,MA02150		PC	A BEHAVIORAL HEALTH INTERVENTION FOR BALTIMORE'S HIGHEST RISK YOUNG FATHERS AND THEIR CHILDREN	40,000
RURAL DOG RESCUE PO BOX 15719 WASHINGTON,DC20003		PC	GENERAL OPERATING SUPPORT	100
SAVE THE REDWOODS LEAGUE 111 SUTTER STREET 11TH FLOOR SAN FRANCISCO,CA94104		PC	GENERAL OPERATING SUPPORT	52
SEWANEE - UNIVERSITY OF THE SOUTH OFFICE OF ADVANCEMENT 735 UNITVERSI Y AVE SEWANEE,TN37383		PC	SUPPORT OF COLLEGE SCHOLARSHIP AND FINANCIAL AID	77
SOCIAL GOOD FUND 12651 SAN PABLO AVENUE 5473 RICHMOND,CA94805		PC	FY24 BFF GRANT	100,000
SOUND CHILD CARE SOLUTIONS 1225 S WELLER STREET SUITE 200 SEATTLE,WA98144		PC	GENERAL OPERATING SUPPORT	50,000
SOUTHEAST CHILDREN'S FUND INC 910 17TH STREET NW 5TH FLOOR WASHINGTON,DC20006		PC	SUPPORT SOUTHEAST CHILDREN'S FUND ORGANIZATIONAL DEVELOPMENT AND EXECUTIVE CAPACITY BUILDING	36,000
SUICIDE AWARENESS VOICES OF EDUCATION 7900 XERXES AVENUE SOUTH SUITE 810 BLOOMINGTON,MN55431		PC	GENERAL OPERATING SUPPORT	50
TOLEDO DAY NURSERY 2211 JEFFERSON AVE TOLEDO,OH43604		PC	TO SERVE AS A WEVISION EARLY ED SOLUTIONS LAB SITE (ECE-CENTER).	550,000
UNICEF USA 125 MAIDEN LANE NEW YORK,NY10038		PC	ADVANCING INTEGRATED EARLY CHILDHOOD CARE AND DEVELOPMENT FOR YOUNG CHILDREN OF CROSS-BORDER AND MARKET TRADERS IN RWANDA	238,041
UNION COLLEGE 3800 SOUTH 48TH STREET LINCOLN,NE68506		PC	SUPPORT OF THE FIT FOR THE FUTURE CAMPAIGN	103
UNIVERSITY OF MARYLAND COLLEGE PARK FOUNDATION 1308 BENJAMIN BUILDING UNIV OF MD COLLEGE PARK,MD20742		PC	LAUNCHING THE TRAUMA SENSITIVE PEDAGOGY TOOLKIT FOR EDUCATORS	55,000
UP ORLANDO 150 W MICHIGAN ST ORLANDO,FL32806		PC	GENERAL OPERATING SUPPORT	50
VENETOULIS INSTITUTE FOR LOCAL JOURNALISM 8171 MAPLE LAWN BLVD SUITE 375 FULTON,MD20759		PC	FOR THE BALTIMORE BANNER TO SERVE AS A WEVISION MEDIA PARTNER	100,000
VOX MEDIA LLC 1701 RHODA ISLAND AVENUE NW WASHINGTON,DC20036		NC	TO SERVE AS A WEVISION MEDIA PARTNER	150,000
WASHINGTON AREA WOMEN'S FOUNDATION 712 H STREET NE SUITE 1099 WASHINGTON,DC20002		PC	STRATEGIC PLANNING AND ORGANIZATIONAL DEVELOPMENT	15,000
WORLD FORUM FOUNDATION 7700 A STREET LINCOLN,NE68510		PC	FUNDING OF 10 GLOBAL LEADERS FROM THE ASIA-PACIFIC REGION IN THE 2024-2025 COHORT	100,000
WU YEE CHILDREN'S SERVICES 827 BROADWAY ST SAN FRANCISCO,CA94133		PC	GENERAL OPERATING SUPPORT	35,000
Total ................................. 3a				12,103,977

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	THE EARLY CHILDHOOD INITIATIVE SUPPORTS CHILDREN'S HEALTHY DEVELOPMENT AND LEARNING FROM BIRTH TO THREE. IN COLLABORATION WITH ITS PRACTICE PARTNERS, THE FOUNDATION ENHANCES THE QUALITY AND SIZE OF EARLY LEARNING PROGRAMS BY SUPPORTING TECHNICAL ASSISTANCE, PROFESSIONAL DEVELOPMENT AND FACILITY ENHANCEMENTS. THESE QUALITY-IMPROVEMENT MEASURES HELP PROGRAMS SECURE OR RETAIN SUSTAINABLE PUBLIC FUNDING. THE FOUNDATION ALSO WORKS WITH ITS PRACTICE PARTNERS TO DESIGN AND IMPLEMENT HEALTH, MENTAL HEALTH AND FAMILY-SUPPORT PROGRAMS PRIORITIZING YOUNG CHILDREN, ESPECIALLY INFANTS AND TODDLERS, AND FAMILIES LIVING IN HISTORICALLY MARGINALIZED AND RESILIENT COMMUNITIES. THE MAJORITY OF THE FOUNDATION'S PRACTICE PARTNERS ARE ANCHORED IN THE COMMUNITIES THEY SERVE. THE FOUNDATION ALSO ENGAGES POLICY AND ADVOCACY PARTNERS TO INCREASE PUBLIC FUNDING FOR PROGRAMS AND SERVICES FOR YOUNG CHILDREN AND FAMILIES. THIS WORK INCLUDES PUBLIC AWARENESS, POLICY IMPLEMENTATION GUIDANCE AND COALITION BUILDING.	28,658,619
2	OUR LEGACY PROGRAMS REFLECT OTHER INTERESTS OF THE BAINUM FAMILY AND, WHILE SUPPORTED BY THE FOUNDATION STAFF, HAVE BEEN SEPARATELY FUNDED BY OUR FOUNDERS AND OTHER BAINUM FAMILY MEMBERS. THESE PROGRAMS INCLUDE (1) SEVENTH-DAY ADVENTIST COMMUNITY, (2) FOOD SECURITY AND (3) FAMILY PHILANTHROPY	8,136,479
3


4

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

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	94,065
4 Dividends and interest from securities ....	900099	32,637	14	5,503,623
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	8,397,248
8 Gain or (loss) from sales of assets other than inventory ............	900099	-29,554	18	16,990,432
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aNOTE RECEIVABLE AND PRI INTEREST INCOME			14	768,717
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		3,083		31,754,085	0

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements
1c	893,557	CHILDREN'S EQUITY FUND (C)(4)	THE FOUNDATION HAS A COST SHARING AGREEMENT WITH THE CHILDREN'S EQUITY FUND. THE AGREEMENT IS TO SHARE OFFICE SPACE, EQUIPMENT, AND PERSONNEL COSTS. ALL SHARED COSTS ARE AT FAIR VALUE.
1b(4)	893,557	CHILDREN'S EQUITY FUND (C)(4)	SHARING OF PAID EMPLOYEES, OFFICE SPACE, EQUIPMENT AND SUPPLIES VIA COST SHARING AGREEMENT

(a) Name of organization	(b) Type of organization	(c) Description of relationship
CHILDREN'S EQUITY FUND	501(C)(4)	BAINUM FAMILY FOUNDATION AND CHILDREN'S EQUITY FUND CONSISTS OF OVERLAPPING BOARD MEMBERS, OFFICERS, AND EMPLOYEES.

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			60,740
b			-34,810
c			4,708,262
d			10,948
e			5,943
			9,436
			53,057
			-8,467
			89,016
			3,652
			14,945
			-26,769
			8,081
			82
			-8
			-1
			24
			-22
			3,663
			-7,796
			9,626
			32,357
			1
			-528
			-8,697
			-24
			275
			851,716
			752
			55,348
			2,517
			45,892
			-15,226
			-531
			3,872
			-30,398
			19,604
			-6,702
			834,042
			-26,776
			-26,376
			-34,476
			54,860
			-6,736
			744,994
			-2,439
			5,363
			44,840
			76,923
			167,764
			5,284
			6,034
			8,141
			305,770
			23,546
			-7,214
			5,371
			-4,505
			7,146
			6,082
			4,024
			767
			915,468
			-337,656
			-7,812
			560
			106,107
			168,418
			221,723
			173,743
			72,620
			-134,701
			194,475
			183,213
			120,557
			293,161
			95,794
			321,917
			72,825
			62,014
			117,822
			-60,286
			205,745
			-39,448
			-115,320
			7,445
			18,644
			304,857
			-145,140
			454,142
			203,552
			-7,254
			200,483
			225,481
			63,564
			71,156
			74,035
			563,342
			369,082
			198,967
			3,569
			152,102
			-8,665
			157,554
			39,660
			-83,177
			62,565
			21,003
			50,805
			199,380
			-1,885,955
			760,011
			171,685
			100,724
			21,944
			-14,143
			3,965,816
			0
			0


(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
MARICA COX MITCHELL	VICE PRESIDENT,EARLY 40.00	281,830	47,643	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005	VICE PRESIDENT,EARLY 40.00	281,830	47,643	0
REBECCA CISEK	VP, ORG. LEARNING AN 40.00	241,960	25,540	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005	VP, ORG. LEARNING AN 40.00	241,960	25,540	0
CLARA NORTHINGTON	VICE PRESIDENT, HUMA 40.00	204,674	50,560	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005	VICE PRESIDENT, HUMA 40.00	204,674	50,560	0
ANGELA DEEDS	SR. DIRECTOR, FINANC 40.00	206,944	29,576	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005	SR. DIRECTOR, FINANC 40.00	206,944	29,576	0
RACINE TUCKER-HAMILTON	DIR. OF STRATEGIC CO 40.00	166,895	24,755	0
1401 H STREET NW SUITE 650 WASHINGTON,DC20005	DIR. OF STRATEGIC CO 40.00	166,895	24,755	0
Total number of other employees paid over $50,000...................				36

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
THE ROCK CREEK GROUP	INVESTMENT CONSULTING	628,746
1133 CONNECTICUT AVENUE NW SUITE 810 WASHINGTON,DC20036	INVESTMENT CONSULTING	628,746
KELLY DAVENPORT NOWLIN	PROGRAMMATIC CONSULTING	409,911
10 BLUEBERRY LANE HOPKINTON,MA01748	PROGRAMMATIC CONSULTING	409,911
WAYFINDING PARTNERS	PROGRAMMATIC CONSULTING	354,827
3922 KINCAID TERRACE KENSINGTON,MD20895	PROGRAMMATIC CONSULTING	354,827
LEADERSHIP MONTGOMERY EDUCATIONAL FOUNDATION	PROGRAMMATIC CONSULTING	353,482
6010 EXECUTIVE BLVD SUITE 200 ROCKVILLE,MD20852	PROGRAMMATIC CONSULTING	353,482
BOOTHE COLLABORATIVE LLC	PROGRAMMATIC WORK	275,343
1633 U STREET SE WASHINGTON,DC20020	PROGRAMMATIC WORK	275,343

bApproved for future payment
AGA KHAN FOUNDATION 1825 K STREET NW SUITE 901 WASHINGTON,DC20006	PC	INTEGRATED ECD INITIATIVE IN BIHAR, INDIA	170,000
AMERICAN ACADEMY OF PEDIATRICS 345 PARK BLVD ITASCA,IL60143	PC	THRIVE COALITION: BUILDING U.S. GOVERNMENT CHAMPIONS FOR GLOBAL EARLY CHILDHOOD DEVELOPMENT	75,000
BRAC USA 110 WILLIAM STREET 18TH FLOOR NEW YORK,NY10038	PC	BRAC PLAY LAB HOME-BASED DAYCARE PROJECT IN BANGLADESH	234,286
BREAD FOR THE CITY 1525 SEVENTH STREET NW WASHINGTON,DC20001	PC	TO CONTINUE SUPPORT OF THE ANTI-RACIST DC (ARDC) INITIATIVE	75,000
CATHOLIC RELIEF SERVICES 228 WEST LEXINGTON STREET BALTIMORE,MD21201	PC	CATALYZING QUALITY SUSTAINABLE AND REPLICABLE DAYCARE SERVICES IN LESOTHO	150,000
GLOBAL CAMPAIGN FOR EDUCATION-US 2316 RHODE ISLAND AVE NE WASHINGTON,DC20018	PC	GENERAL OPERATING SUPPORT	100,000
GLOBAL FUND FOR CHILDREN 1411 K STREET NW SUITE 1200 WASHINGTON,DC20005	PC	SUPPORTING EARLY CHILDHOOD DEVELOPMENT IN HONDURAS (SEED-HN)	150,000
IACT 1732 AVIATION BOULEVARD 138 REDONDO BEACH,CA90278	PC	EARLY CHILDHOOD EDUCATION FOR REFUGEE CHILDREN IN EASTERN CHAD	149,952
INTERNATIONAL RESCUE COMMITTEE INC 122 E 42ND STREET 12TH FLOOR NEW YORK,NY10168	PC	LEARNING THROUGH PLAY OPPORTUNITIES FOR REFUGEE CHILDREN IN JIJIGA, SOMALI REGION	200,000
LIFT ORLANDO 710 SOUTH TAMPA AVENUE SUITE 209 ORLANDO,FL32805	PC	FOR KNOWLEDGE MANAGEMENT IMPLEMENTATION	138,000
NAPLES ADVENTIST CHRISTIAN SCHOOL 2629 HORSESHOE DR S NAPLES,FL341046122	PC	MATCHING GRANT FOR EXPANSION PROJECT	178,734
ONESKY FOR ALL CHILDREN 1832 SECOND STREET SUITE K BERKELEY,CA94710	PC	BUILDING BETTER FUTURES, VIETNAM	150,000
PATH 2201 WESTLAKE AVENUE SUITE 200 SEATTLE,WA981212767	PC	DEVELOPING AND TESTING A MODEL FOR IMPROVING CHILDCARE IN GHANA BY STRENGTHENING LINKAGES BETWEEN CHILDCARE AND PRIMARY HEALTHCARE, NUTRITION, AND OTHER RELEVANT SECTORS	171,949
PATH 2201 WESTLAKE AVENUE SUITE 200 SEATTLE,WA981212767	PC	ECDAN/ARNEC/AFECN COLLABORATION GRANT: BUILDING ECD CAPACITY AT GLOBAL, REGIONAL, AND NATIONAL LEVELS AND EXPANDING INITIATIVES TO ADDRESS THE EFFECTS OF THE CLIMATE AND ENVIRONMENTAL CRISIS ON YOUNG CHILDREN	295,776
UNICEF USA 125 MAIDEN LANE NEW YORK,NY10038	PC	ADVANCING INTEGRATED EARLY CHILDHOOD CARE AND DEVELOPMENT FOR YOUNG CHILDREN OF CROSS-BORDER AND MARKET TRADERS IN RWANDA	44,449
Total ................................. 3b			2,283,146

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.

Name of organization BAINUM FAMILY FOUNDATION

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	ROBERTA BAINUM 1401 H STREET NW SUITE 650 WASHINGTON, DC20005	$ 2,002,823	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)

Name of organization BAINUM FAMILY FOUNDATION		Employer identification number 23-7000192

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
1	846 SHS. OF ISHARES CORE S&P 500 ETF STOCKS	$ 402,823	2023-12-19
(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)


Name of organization BAINUM FAMILY FOUNDATION			Employer identification number 23-7000192
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.) $ Use duplicate copies of Part III if additional space is needed.

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Results of Verification
NATIONAL NEWSPAPER PUBLISHING ASSOCIATION	1816 12TH STREET WASHINGTON,DC20009	2024-03-18	100,000	TO SERVE AS A WEVISION EARLY ED MEDIA PARTNER	0	N/A		THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF WRITTEN REPORTING PROVIDED BY THE GRANTEE SO NO INDEPENDENT VERIFICATION OF THE REPORTS WERE REQUIRED OR MADE.
ORLANDO SENTINEL COMMUNICATIONS COMPANY LLC	PO BOX 8023 WILLOUGHBY,OH44096	2024-03-18	100,000	TO SERVE AS A WEVISION EARLY ED MEDIA PARTNER	56,731	N/A	01/30/2025	THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF WRITTEN REPORTING PROVIDED BY THE GRANTEE SO NO INDEPENDENT VERIFICATION OF THE REPORTS WERE REQUIRED OR MADE.
VOX MEDIA LLC	1701 RHODA ISLAND AVE NW WASHINGTON,DC20036	2024-04-11	150,000	TO SERVE AS A WEVISION MEDIA PARTNER	76,513	N/A		THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF WRITTEN REPORTING PROVIDED BY THE GRANTEE SO NO INDEPENDENT VERIFICATION OF THE REPORTS WERE REQUIRED OR MADE.
GANNETT COINC	7950 JONES BRANCH DRIVE MCLEAN,VA22107	2024-05-29	150,000	TO SERVE AS A WEVISION EARLY ED MEDIA PARTNER	0	N/A		THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF WRITTEN REPORTING PROVIDED BY THE GRANTEE SO NO INDEPENDENT VERIFICATION OF THE REPORTS WERE REQUIRED OR MADE.
BRYNMOR EARLY EDUCATION & PRESCHOOL	1069 WEST BROAD ST 805 FALLS CHURCH,VA22043	2024-04-11	150,000	TO SERVE AS A WEVISION EARLY ED SOLUTIONS LAB SITE	150,000	N/A	09/16/2024	THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF WRITTEN REPORTING PROVIDED BY THE GRANTEE SO NO INDEPENDENT VERIFICATION OF THE REPORTS WERE REQUIRED OR MADE.
BRYNMOR EARLY EDUCATION & PRESCHOOL	1069 WEST BROAD ST 805 FALLS CHURCH,VA22043	2023-06-01	1,200,000	TO SERVE AS A WEVISION EARLY ED SOLUTIONS LAB SITE TO INCREASE ACCESS TO COMPREHE SIVE, HIGH-QUALITY, AFFORDABLE CHILD CARE AND WORK TOWARDS THE DEVELOPMENT OF A MORE EFFICIENT, EFFECTIVE, AND EQUITABLE CHILD CARE SYSTEM.	1,200,000	N/A	09/11/2023, 10/22/2024	THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF WRITTEN REPORTING PROVIDED BY THE GRANTEE SO NO INDEPENDENT VERIFICATION OF THE REPORTS WERE REQUIRED OR MADE.
4P FOODS INC	7120 FARM STATION RD WARRENTON,VA20187	2022-06-25	300,000	TO SUPPORT 4P FOODS, INC. OPERATIONS TO INCREASE ACCESS TO AFFORDABLE, HEALTHY LOCAL FOOD IN LOW-INCOME NEIGHBORHOODS IN DC THROUGH THE DEVELOPMENT OF A MORE EFFICIENT, EFFECTIVE AND EQUITABLE REGIONAL FOOD SYSTEM.	300,000	N/A	05/03/2024,07/08/2024	THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF WRITTEN REPORTING PROVIDED BY THE GRANTEE SO NO INDEPENDENT VERIFICATION OF THE REPORTS WERE REQUIRED OR MADE.

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CORPORATE PREFERRED-DIRECT HOLDINGS	3,430,108	3,430,108
SPDR GOLD TRUST (ETF)	3,995,101	3,995,101
VANGUARD INFLATION PROTECTED	5,284,471	5,284,471
VANGUARD TOTAL BOND MARKET INDEX FUND	15,464,478	15,464,478

Software ID:
Software Version:

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CHEVY CHASE TRUST	1,521,078	1,521,078
CHOICE HOTELS INTERNATIONAL, INC.	31,606,403	31,606,403
GMO CLIMATE CHANGE FUND	10,653,656	10,653,656
GMO QUALITY FUND	7,918,383	7,918,383
INVESCO S&P 500 EQUAL WEIGHT ETF	8,747,910	8,747,910
ISHARES CORE MSCI INTERNATIONAL DEVE. MARKETS ETF	2,933,845	2,933,845
ISHARES CORE S&P 500 ETF	462,957	462,957

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
645 VENTURES IV, LP AND 645 VENTURES SELECT I, LP	FMV	347,707	347,707
ADAMS FUND SERIES LLC-ADAGE SERIES	FMV	34,677,423	34,677,423
ADJUVANT GLOBAL HEALTH TECHNOLOGY FUND, L.P.	FMV	1,382,868	1,382,868
AH BIO FUND II, LP	FMV	3,610,480	3,610,480
AH BIO FUND III, LP	FMV	2,719,316	2,719,316
AH BIO FUND IV LP	FMV	388,409	388,409
AH LSV FUND III LP AND AH FUND VIII LP	FMV	3,864,157	3,864,157
ANDREESEN HOROWITZ FUND V-Q, LP & AH PARALLEL FUND V-Q, LP	FMV	5,736,374	5,736,374
ANDREESSEN HOROWITZ FUND VII LP	FMV	2,131,596	2,131,596
ANDREESSEN HOROWITZ FUND VI-Q, LP	FMV	6,776,401	6,776,401
ANDREESSEN HOROWITZ LSV FUND II LP	FMV	3,311,910	3,311,910
ANDREESSEN HOROWITZ LSV FUND I-Q, LP	FMV	5,065,004	5,065,004
APEEL SCIENCES, INC.	FMV	386,899	386,899
AVENUE AVIATION OPPORTUNITIES FUND II (OFFSHORE), LP	FMV	2,658,716	2,658,716
BAINUM FOUNDATION FUND OF FUNDS	FMV	163,927,546	163,927,546
BDT CAPITAL PARTNERS FUND 4 (INT), LP	FMV	5,673,048	5,673,048
BOND CAPITAL FUND III, LP	FMV	909,156	909,156
BOND CAPITAL FUND, LP	FMV	15,787,854	15,787,854
BOND II, L.P.	FMV	3,910,310	3,910,310
CARE IN HEALTHCARE LLC	FMV	1,435,703	1,435,703
CARE IN HEALTHCARE TWO, LLC (DEVOTED HEALTH)	FMV	503,375	503,375
CARLYLE PARTNERS VII, LP	FMV	3,062,324	3,062,324
CBRE U.S. CORE PARTNERS, LP (KALORAMA CBRE)	FMV	23,194,862	23,194,862
CERES IMAGING, INC.	FMV	428,976	428,976
CLAYTON, DUBILIER & RICE FUND X, L.P.	FMV	2,528,112	2,528,112
CLAYTON, DUBILIER & RICE FUND XI, L.P.	FMV	3,826,590	3,826,590
CLAYTON, DUBILIER & RICE FUND XII, L.P.	FMV	681,940	681,940
CNK FUND III, L.P. (ANDREESSEN HOROWITZ)	FMV	3,039,124	3,039,124
CNK FUND IV, L.P.	FMV	581,958	581,958
CNK SEED I LP** (GT OPPS 2021F SS1)	FMV	187,070	187,070
COATUE GROWTH IV OFFSHORE FEEDER FUND LP	FMV	1,412,148	1,412,148
COATUE GROWTH V-B OFFSHORE FEEDER FUND LP	FMV	309,975	309,975
COATUE GROWTH V OFFSHORE FEEDER FUND LP	FMV	1,200,109	1,200,109
COATUE KONA III OFFSHORE FEEDER FUND L.P.	FMV	1,230,501	1,230,501
CYRUS OPPORTUNITIES FUND II, LTD	FMV	1,912,819	1,912,819
ELLINGTON ENHANCED INCOME FUND, LTD	FMV	6,559,681	6,559,681
ENDURING LOVE LLC & DEVOTED HEALTH, INC.	FMV	1,531,018	1,531,018
FJ CAPITAL FINANCIAL OPPORTUNITY FUND, LTD	FMV	10,238,520	10,238,520
FOUNDATION CAPITAL IX, L.P.	FMV	5,523,961	5,523,961
FOUNDATION CAPITAL LEADERSHIP FUND II, L.P.	FMV	1,902,926	1,902,926
FOUNDATION CAPITAL X, L.P.	FMV	2,330,943	2,330,943
FOUNDATION CAPITAL XI, L.P.	FMV	78,006	78,006
GENERATION IM GLOBAL EQUITY FUND	FMV	11,129,699	11,129,699
GENERATION IM GLOBAL EQUITY FUND, LLC	FMV	21,744,791	21,744,791
GEORGETOWN OPPORTUNISTIC FUND SERIES LLC-SERIES 2016	FMV	72,717	72,717
GEORGETOWN OPPORTUNISTIC FUND SERIES LLC-SERIES 2020	FMV	3,733	3,733
GEORGETOWN OPPORTUNISTIC FUND SERIES LLC-SERIES 2021	FMV	48,472	48,472
GEORGETOWN OPPORTUNISTIC FUND SERIES LLC-SERIES 2022	FMV	1,259	1,259
GOTHAM GREEN HOLDINGS, PBC	FMV	1,026,412	1,026,412
GRAIN COMMUNICATIONS OPPORTUNITY FUND II, L.P.	FMV	4,058,363	4,058,363
GRAIN COMMUNICATIONS OPPORTUNITY FUND III (PARALLEL), L.P.	FMV	2,216,992	2,216,992
GRAIN COMMUNICATIONS OPPORTUNITY FUND IV-C, L.P.	FMV	1,083,698	1,083,698
GRAIN SPECTRUM HOLDINGS III LP	FMV	620,571	620,571
H CAPITAL V, L.P.	FMV	3,583,667	3,583,667
H CAPITAL VI, L.P.	FMV	2,822,800	2,822,800
INOVIA GROWTH FUND II-A, L.P.	FMV	928,504	928,504
INTEGRUM CAPITAL PARTNERS LP	FMV	688,687	688,687
IPI PARTNERS FUND I, LP	FMV	5,088,514	5,088,514
IPI PARTNERS FUND II, LP	FMV	2,419,842	2,419,842
JEN 7 PARALLEL FUND LP	FMV	1,914,156	1,914,156
KLEINER PERKINS CAUFIELD & BYERS XVII, LLC	FMV	2,499,131	2,499,131
KPCB DIGITAL GROWTH FUND III, LLC	FMV	8,519,313	8,519,313
LUMINATE CAPITAL PARTNERS III, LP	FMV	852,922	852,922
MATERIAL IMPACT FUND III, LP	FMV	171,744	171,744
MT NUTRITION II CAYMAN, LP	FMV	1,681,567	1,681,567
NEW ENERGY CAPITAL INFRASTRUCTURE CREDIT FUND II, L.P.	FMV	2,464,214	2,464,214
NGP ETP IV	FMV	609,757	609,757
OBVIOUS GROWTH I, L.P.	FMV	1,102,452	1,102,452
OBVIOUS VENTURES IV, L.P.	FMV	426,095	426,095
OVERLOOK PARTNERS FUND, LP	FMV	16,638,058	16,638,058
OWL VENTURES II, L.P.	FMV	4,087,232	4,087,232
OWL VENTURES III, L.P.	FMV	4,932,968	4,932,968
OWL VENTURES IV, L.P.	FMV	2,053,267	2,053,267
OWL VENTURES OPPORTUNITY FUND I, LP	FMV	922,537	922,537
OWL VENTURES OPPORTUNITY FUND II, LP	FMV	1,126,734	1,126,734
OWL VENTURES PARTNERSHIP HOLDINGS III LLC	FMV	134,085	134,085
OWL VENTURES V, L.P.	FMV	520,961	520,961
PAINE SCHWARTZ PARTNERS FOOD CHAIN FUND V, L.P.	FMV	4,620,090	4,620,090
PROLOGIS TARGETED US LOGISTICS FUND	FMV	9,797,350	9,797,350
QED FUND VIII, LP	FMV	148,330	148,330
RENEGADE PARTNERS II, L.P.	FMV	317,349	317,349
ROCKCREEK IMPACT EM PRIVATES EXTERNAL SUB SERIES	FMV	5,822	5,822
ROSE AFFORDABLE HOUSING PRESERVATION FUND IV, L.P.	FMV	9,123,156	9,123,156
ROSE AFFORDABLE HOUSING PRESERVATION FUND VI REIT, LP	FMV	548,319	548,319
ROSE AFFORDABLE HOUSING PRESERVATION FUND V, L.P.	FMV	5,985,968	5,985,968
RS CO-INVESTMENT III, LP	FMV	947,159	947,159
RS FUND IV, LP	FMV	2,063,926	2,063,926
SILVER LAKE PARTNERS V, L.P.	FMV	2,662,773	2,662,773
SILVER LAKE PARTNERS VI, L.P.	FMV	2,821,082	2,821,082
SILVER LAKE PARTNERS VII, L.P.	FMV	565,119	565,119
SILVER POINT SPECIALTY LENDING FUND, LP	FMV	5,889,673	5,889,673
SOLUM PARTNERS FUND II-A, L.P.** (GT OPPS 2022B, SS1)	FMV	1,495,198	1,495,198
STRIPES VI	FMV	679,769	679,769
TCI REAL ESTATE PARTNERS FUND II, LP	FMV	1,471,890	1,471,890
TIGER GLOBAL LONG OPPORTUNITIES	FMV	6,525,305	6,525,305
TIGER GLOBAL PRIVATE INVESTMENT PARTNERS XI, L.P.	FMV	4,113,279	4,113,279
TIGER GLOBAL PRIVATE INVESTMENT PARTNERS XII, L.P.	FMV	4,274,533	4,274,533
TIGER GLOBAL PRIVATE INVESTMENT PARTNERS XIV, L.P.	FMV	1,847,772	1,847,772
TIGER GLOBAL PRIVATE INVESTMENT PARTNERS XV, L.P.	FMV	1,931,229	1,931,229
TPG GROWTH IV, L.P.	FMV	852,199	852,199
TRUSTBRIDGE PARTNERS VI L.P.	FMV	3,923,088	3,923,088
TURNER-AGASSI CHARTER SCHOOL FACILITIES FUND II, L.P.	FMV	928,236	928,236
UPFRONT VII, L.P.	FMV	444,544	444,544
VIKING GLOBAL OPPORTUNITIES LP	FMV	2,411,320	2,411,320
VIKING GLOBAL OPPORTUNITIES LP (TRANCHE 2)	FMV	2,142,551	2,142,551
VISTA EQUITY PARTNERS FUND VI, L.P.	FMV	5,385,344	5,385,344
VISTA EQUITY PARTNERS FUND VII, L.P.	FMV	3,636,668	3,636,668
VISTA EQUITY PARTNERS FUND VIII, L.P.**	FMV	524,876	524,876
VISTA FOUNDATION FUND III, L.P.	FMV	4,214,107	4,214,107
WESTLAKE BIOPARTNERS FUND III, LP	FMV	94,400	94,400
YC ESP22 LP	FMV	1,152,973	1,152,973
YC II	FMV	52,014,440	52,014,440
YCC20	FMV	3,751,543	3,751,543
YCCG21, L.P.	FMV	1,263,487	1,263,487
YCES20	FMV	3,008,121	3,008,121
YCP24,L.P.	FMV	295,806	295,806
YOSEMITE FUND I, LP	FMV	225,181	225,181
ZEAL CAPITAL PARTNERS FUND I, LP / AUTHENTIC VENTURES II, LP	FMV	1,278,568	1,278,568
ZEAL CAPITAL PARTNERS FUND II, LP	FMV	79,275	79,275

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
FURNITURE AND EQUIPMENT	277,421	194,156	83,265	83,265
LHI/OFFICE EXPANSION	32,950	12,493	20,457	20,457
LAND- NAPLES, FLORIDA	874,057	0	874,057	874,057
BAINUM FOUNDATION FARM, LLC	3,465,000	0	3,465,000	3,465,000
LHI/FARM	215,868	75,661	140,207	140,207
BUILDING FARM LLC	716,355	303,562	412,793	412,793
VEHICLES AND FARM EQUIPMENT	39,175	39,175	0
CONSTRUCTION IN PROGRESS	10,000	0	10,000	10,000

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INTEREST/DIVIDEND RECEIVABLE	251,742	332,916	332,916
OTHER RECEIVABLE	29,159	66,333	66,333
INVESTMENT RELATED RECEIVABLES AND PENDING PURCHASES	5,674,794	218,640	218,640
RIGHT TO USE ASSET	407,200	0	0
DUE FROM AFFILIATE	202,220	211,068	211,068
FEDERAL TAX RECEIVABLE	296,500	0	0
STATE TAX RECEIVABLE	0	125,696	125,696

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
LICENSING, DUES, AND SUBSCRIPTIONS	477,132	494,018
SCHOLARSHIPS	188,896	188,896
OFFICE RELATED EXPENSES	21,492	23,196
INSURANCE	171,978	183,165
EQUIPMENT AND MAINTENANCE	105,189	97,997
FARM EXPENSE	16,173	14,652
PARTNERSHIP INVESTMENT K-1 UBI OTHER LOSS	81,463	0

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
PARTNERSHIP K-1 OTHER INCOME	8,397,248	8,397,248	8,397,248
NOTE RECEIVABLE AND PRI INTEREST INCOME	768,717	768,717	768,717

Description	Beginning of Year - Book Value	End of Year - Book Value
DEFERRED FEDERAL EXCISE TAX PAYABLE	2,655,062	2,818,545
OPERATING LEASE LIABILITY	428,477	0
PARTNER CONTRACTUAL AGREEMENTS	5,338,522	4,705,153

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CONSULTING FEES	4,113,564	19,350	19,350	3,928,804
INVESTMENT FEES K-1	5,382,571	5,382,571	5,382,571	0
INVESTMENT FEES	1,151,934	1,151,934	1,151,934	0
PARTNER AGREEMENTS	16,313,658	0	0	16,865,360
INVESTMENT FEES K-1 UBI	222,194	0	0	0
STAFF RECRUITING	27,195	0	0	26,562

Item No.	1
Borrower's Name	STEWART W BAINUM JR
Borrower's Title
Original Amount of Loan	17267698
Balance Due	0
Date of Note	2014-09
Maturity Date	2023-09
Repayment Terms	ANNUAL INTEREST PAYMENTS, BALLOON PAYMENT AT MATURITY
Interest Rate	2.860000000000
Security Provided by Borrower	PERSONAL GUARANTEE
Purpose of Loan	PURCHASE OF ESTATE ASSETS UNDER EXCEPTION PROVISIONS IN 53.4941(D)-3
Description of Lender Consideration	ESTATE ASSETS
Consideration FMV	0

Item No.	2
Borrower's Name	SCOTT A RENSCHLER
Borrower's Title
Original Amount of Loan	1165050
Balance Due	0
Date of Note	2014-09
Maturity Date	2023-09
Repayment Terms	ANNUAL INTEREST PAYMENTS, BALLOON PAYMENT AT MATURITY
Interest Rate	2.860000000000
Security Provided by Borrower	PERSONAL GUARANTEE
Purpose of Loan	PURCHASE OF ESTATE ASSETS UNDER EXCEPTION PROVISIONS IN 53.4941(D)-3
Description of Lender Consideration	ESTATE ASSETS
Consideration FMV	0

Item No.	3
Borrower's Name	BRUCE D BAINUM
Borrower's Title
Original Amount of Loan	17449670
Balance Due	0
Date of Note	2015-01
Maturity Date	2024-01
Repayment Terms	ANNUAL INTEREST PAYMENTS, BALLOON PAYMENT AT MATURITY
Interest Rate	2.750000000000
Security Provided by Borrower	PERSONAL GUARANTEE
Purpose of Loan	PURCHASE OF ESTATE ASSETS UNDER EXCEPTION PROVISIONS IN 53.4941(D)-3
Description of Lender Consideration	ESTATE ASSETS
Consideration FMV	0

Item No.	4
Borrower's Name	TODD RENSCHLER
Borrower's Title
Original Amount of Loan	540900
Balance Due	0
Date of Note	2015-01
Maturity Date	2024-01
Repayment Terms	ANNUAL INTEREST PAYMENTS, BALLOON PAYMENT AT MATURITY
Interest Rate	2.750000000000
Security Provided by Borrower	PERSONAL GUARANTEE
Purpose of Loan	PURCHASE OF ESTATE ASSETS UNDER EXCEPTION PROVISIONS IN 53.4941(D)-3
Description of Lender Consideration	ESTATE ASSETS
Consideration FMV	0

Item No.	5
Borrower's Name	BRIAN B BAINUM
Borrower's Title
Original Amount of Loan	513855
Balance Due	0
Date of Note	2015-01
Maturity Date	2024-01
Repayment Terms	ANNUAL INTEREST PAYMENTS, BALLOON PAYMENT AT MATURITY
Interest Rate	2.750000000000
Security Provided by Borrower	PERSONAL GUARANTEE
Purpose of Loan	PURCHASE OF ESTATE ASSETS UNDER EXCEPTION PROVISIONS IN 53.4941(D)-3
Description of Lender Consideration	ESTATE ASSETS
Consideration FMV	0

Item No.	6
Borrower's Name	DINWIDDIE FARMS LLC
Borrower's Title
Original Amount of Loan	4356674
Balance Due	0
Date of Note	2015-01
Maturity Date	2024-01
Repayment Terms	ANNUAL INTEREST PAYMENTS, BALLOON PAYMENT AT MATURITY
Interest Rate	2.750000000000
Security Provided by Borrower	CORPORATE OBLIGATION
Purpose of Loan	PURCHASE OF ESTATE ASSETS UNDER EXCEPTION PROVISIONS IN 53.4941(D)-3
Description of Lender Consideration	ESTATE ASSETS
Consideration FMV	0

Item No.	8
Borrower's Name	1587 SPRINGHILL HOLDINGS LLC
Borrower's Title
Original Amount of Loan	4892167
Balance Due	4892167
Date of Note	2022-10
Maturity Date	2029-10
Repayment Terms	ANNUAL INTEREST PAYMENTS, BALLOON PAYMENT AT MATURITY
Interest Rate	6.250000000000
Security Provided by Borrower	CORPORATE OBLIGATION
Purpose of Loan	PURCHASE OF ESTATE ASSETS UNDER EXCEPTION PROVISIONS IN 53.4941(D)-3
Description of Lender Consideration	ESTATE ASSETS
Consideration FMV	0

Category	Amount	Net Investment Income	Adjusted Net Income
FEDERAL EXCISE TAX	444,433	0	0
FOREIGN TAXES K-1 UBI	1,871	0	0
FOREIGN TAXES K-1	30,075	30,075	30,075
DEFERRED INCOME TAX BENEFIT	163,483	0	0