TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
The Arnow Family Fund Inc

% FOUNDATION SOURCE

Number and street (or P.O. box number if mail is not delivered to street address)675 Third Avenue 27th Fl
Room/suite

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

A Employer identification number

13-3188773

B Telephone number (see instructions)

(212) 869-9700

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$46,575,791J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	98,140		98,140
4	Dividends and interest from securities...	315,142		315,142
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,244,680
b	Gross sales price for all assets on line 6a 6,333,568
7	Capital gain net income (from Part IV, line 2)...			1,253,305
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	403,371	378,746
12	Total. Add lines 1 through 11........	2,061,333		2,045,333
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	508	0	0	508
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	285,285	267,285		18,000
17	Interest...............	55,599		55,599
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	27,032	1,282
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	445,581	390,727		47,208
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	814,005		714,893	0	65,716
25	Contributions, gifts, grants paid.......	3,178,300				3,178,300
26	Total expenses and disbursements. Add lines 24 and 25	3,992,305		714,893	0	3,244,016
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,930,972
b	Net investment income (if negative, enter -0-)			1,330,440
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	2,236,537	692,186	692,186
	3	Accounts receivable 6,405
		Less: allowance for doubtful accounts	5,644	6,405	6,405
	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)	2,950,060	List of Attached Documents: // Content 3,450,845	3,472,530
	b	Investments—corporate stock (attach schedule).......	5,205,159	List of Attached Documents: // Content 5,313,945	7,550,150
	c	Investments—corporate bonds (attach schedule).......	4,270,357	List of Attached Documents: // Content 2,611,025	2,625,803
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	25,354,833	List of Attached Documents: // Content 26,017,212	32,228,717
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	40,022,590	38,091,618	46,575,791
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	40,022,590	38,091,618
	29	Total net assets or fund balances (see instructions).....	40,022,590	38,091,618
	30	Total liabilities and net assets/fund balances (see instructions).	40,022,590	38,091,618

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

40,022,590

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

-1,930,972

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

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

38,091,618

Decreases not included in line 2 (itemize) right arrow

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

38,091,618

Form 990-PF (2024)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b	Passthrough K1 Capital Gain/(Loss)
c	Sec 751 Gain on Sale of Ptshp Reclass
d	CLEAN ENERGY FUND CLASS C ABSOLUTE SHARES NR U	P	2022-10-28	2024-01-17
e	SUMMIT SUSTAINABLE OPPORTUNITIES L/S FUND LIMITED	P	2022-08-01	2024-04-01

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	5,833,568	5,325,291	508,277
b			696,887
c			-49
d	300,000	269,733	30,267
e	200,000	182,077	17,923

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			508,277
b
c
d			30,267
e			17,923

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	1,253,305
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	18,493
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	18,493
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	18,493
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	36,500
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	2,600
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	39,100
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	20,607
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax20,607	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

Yes

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

Yes

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

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

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

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions Click to see attachment

List of Attached Documents:

// Content

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

Yes

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

Yes

Website address right arrow

The books are in care of right arrow

FOUNDATION SOURCE Telephone no. right arrow

(800) 839-1754

Located at right arrow

501 SILVERSIDE ROAD SUITE 123WILMINGTONDE ZIP+4 right arrow

198091377

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2024)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2024? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2024.) .....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Benjamin Arnow	VP, Dir, Pres 5.0	0	0	0
675 Third Avenue 27th Fl New York,NY10017	VP, Dir, Pres 5.0	0	0	0
Chloe Arnow	Dir 5.0	0	0	0
675 Third Avenue 27th Fl New York,NY10017	Dir 5.0	0	0	0
David Arnow	Dir, Pres 5.0	0	0	0
675 Third Avenue 27th Fl New York,NY10017	Dir, Pres 5.0	0	0	0
Eli Arnow	Dir 5.0	0	0	0
675 Third Avenue 27th Fl New York,NY10017	Dir 5.0	0	0	0
Joshua Arnow	Dir, Sec 5.0	0	0	0
675 Third Avenue 27th Fl New York,NY10017	Dir, Sec 5.0	0	0	0
Leslie Arnow	Dir, VP 1.0	0	0	0
675 Third Avenue 27th Fl New York,NY10017	Dir, VP 1.0	0	0	0
Madeleine J Arnow	Dir, Treas 5.0	0	0	0
675 Third Avenue 27th Fl New York,NY10017	Dir, Treas 5.0	0	0	0
Elyse Arnow Brill	Dir 5.0	0	0	0
675 Third Avenue 27th Fl New York,NY10017	Dir 5.0	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










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

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
CAMBRIDGE ASSOCIATES	INVESTMENT MGMT	183,092
PO BOX 10317 UNIONDALE,NY11555	INVESTMENT MGMT	183,092

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2024)

Page 8

Part IX

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

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

purposes:

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

12,653,904

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

2,139,460

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

31,833,927

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

46,627,291

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

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

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

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

46,627,291

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

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

699,409

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

45,927,882

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

2,296,394

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

2,296,394

Tax on investment income for 2024 from Part V, line 5 .......

18,493

Income tax for 2024. (This does not include the tax from Part V.) ...

317

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

18,810

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

2,277,584

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

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

2,277,584

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

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

2,277,584

Part XI

Qualifying Distributions (see instructions)

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

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

3,244,016

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

3,244,016

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2024
1 Distributable amount for 2024 from Part X, line 7			2,277,584
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......	149,656
b From 2020......	2,273,913
c From 2021......	1,033,337
d From 2022......	1,470,661
e From 2023......	969,177
f Total of lines 3a through e ........		5,896,744
4Qualifying distributions for 2024 from Part
XI, line 4: $ 3,244,016
a Applied to 2023, 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 2024 distributable amount.....			2,277,584
e Remaining amount distributed out of corpus		966,432
5 Excess distributions carryover applied to 2024.
(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		6,863,176
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 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...		149,656
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		6,713,520
10 Analysis of line 9:
a Excess from 2020....	2,273,913
b Excess from 2021....	1,033,337
c Excess from 2022....	1,470,661
d Excess from 2023....	969,177
e Excess from 2024....	966,432

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

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

Part XIV

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

1Information Regarding Foundation Managers:

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

NONE

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

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

Check here right arrow

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2024)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CHAMAH 420 LEXINGTON AVE 300 NEW YORK,NY10170	N/A	PC	General & Unrestricted	25,000
CONFLUENCE PHILANTHROPY INC 215 LEXINGTON AVE 10TH FL NEW YORK,NY10016	N/A	PC	General & Unrestricted	3,300
JEWISH COMMUNAL FUND PO BOX 24134 NEW YORK,NY10087	N/A	PC	General & Unrestricted	2,650,000
JEWISH COMMUNAL FUND PO BOX 24134 NEW YORK,NY10087	N/A	PC	Civic Engagement; General & Unrestricted	300,000
JEWISH COMMUNAL FUND PO BOX 24134 NEW YORK,NY10087	N/A	PC	Safer Future; General & Unrestricted	50,000
P E F ISRAEL ENDOWMENT FUNDS INC 630 THIRD AVE 15TH FLOOR NEW YORK,NY10017	N/A	PC	General & Unrestricted	150,000
Total ................................. 3a				3,178,300

bApproved for future payment

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

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	98,140
4 Dividends and interest from securities ....			14	315,142
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............	525990	-8,625	18	1,253,305
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK-1 Inc/Loss	525990	15,069	14	378,364
bSEC 751 GAIN ON SALE OF PTSHP	525990	49
cFEDERAL TAX REFUND			01	9,507
dINCOME FROM PFICS			01	323
eCLASS ACTION LAWSUIT PROCEEDS			01	59
12 Subtotal. Add columns (b), (d), and (e) ..		6,493		2,054,840

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

2,061,333

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2024)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
General Consultations	508			508

- TIN:

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

TY 2024 DepreciationSchedule

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

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

- TIN:

TY 2024 GeneralExplanationAttachment

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Identifier	Return Reference	Explanation
PART I LINE 6A (990-PF)	PART I LINE 6A (990-PF)	PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $1,253,305 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $(8,625) TOTAL PART I, LINE 6A: $1,244,680 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $5,833,568 BOOK BASIS: $5,325,291 NET GAIN/(LOSS): $508,277 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $696,887 SEC 751 GAIN ON SALE OF PTSHP RECLASS NET GAIN/(LOSS): $(49) SALES OF OTHER ITEMIZED ASSETS GROSS SALES PRICE: $500,000 BOOK BASIS: $451,810 NET GAIN/(LOSS): $48,190
FORM 8865	FORM 8865	The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
FORM 926	FORM 926	The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
FORM 990-PF	FORM 990-PF	One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in Part I but not provided sufficient back-up information to allow the Foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC - 3.200% - 11/21/20	46,278	48,253
AIR PRODUCTS AND CHEMICALS INC	56,064	51,698
ALEXANDRIA REAL ESTATE - 4.900	24,558	24,613
AMAZON - 4.700% - 12/01/1932	75,015	74,566
AMERICAN EXPRESS - 6.338% - 10	45,172	45,557
AMERICAN TOWER CORP - 3.125% -	30,184	29,024
AMGEN INC - 2.200% - 02/21/202	47,711	47,413
ANTHEM INC NOTE - 3.650% - 12/	52,614	48,681
AON CORP - 2.800% - 05/15/2030	32,746	32,073
ASTRAZENECA FINANCE LLC NOTE -	46,530	45,270
AT&T INC - 4.300% - 02/15/2030	45,008	48,448
BANK MONTREAL - 5.370% - 06/04	68,660	67,999
BK OF AMERICA CORP SER N MTN -	67,365	73,532
BRISTOL-MYERS SQUIBB CO - 4.90	48,955	48,212
CANADIAN PAC RY CO - 1.750% -	13,414	14,203
CISCO SYS INC - 4.950% - 02/26	39,942	40,130
CITIGROUP INC NOTE - 4.910% -	66,753	72,539
CITZENS FINANCIAL GROUP - 5.72	49,154	49,182
CNH INDUSTRIAL CAPOTAL LLC - 5	24,816	24,343
COMCAST CORP - 3.300% - 02/01/	94,826	87,597
CONOCOPHILLIPS NOTE CALL MAKE	76,187	74,040
CVS CAREMARK CORP NOTE - 4.300	46,893	48,437
DISNEY WALT CO - 2.000% - 09/0	45,198	48,923
DISNEY WALT CO - 2.950% - 06/1	37,894	38,563
DISNEY WALT CO - 3.350% - 03/2	24,855	24,930
GOLDMAN SACHS - 3.814% - 04/23	44,975	48,097
HEALTHPEAK PROPERTIES INC NT -	19,880	17,988
INTEL CORP - 3.900% - 03/25/20	37,482	37,490
JOHN DEER CAPITAL - 4.700% - 0	39,540	39,894
JOHN DEER CAPITAL - 4.950% - 0	68,385	70,676
JP MORGAN CHASE - 3.125% - 01/	49,845	49,945
JPMORGAN CHASE BK - 5.350% - 0	69,516	75,033
LOCKHEED MARTIN CORP NOTE - 5.	55,980	55,842
MCDONALDS CORP MED TERM NT - 3	38,164	38,958
MEDTRONIC GLOBAL HLDGS S C A N	49,594	49,376
MERCK &CO INC NT - 1.900% - 12	70,947	72,168
METLIFE INC - 6.375% - 06/15/2	84,297	80,732
MORGAN STANLEY - 3.125% - 07/2	38,226	39,071
MORGAN STANLEY SER I MTN CALL	61,787	62,308
NORTHROP GRUMMAN CORP - 3.250%	45,592	47,785
PENN HSG - 4.907% - 10/01/2027	55,000	55,376
PNC FINL SVCS - 5.068% - 01/24	44,219	48,679
PROLOGIS LP - 1.250% - 10/15/2	41,313	40,976
REALTY INCOME CORP - 4.850% -	37,466	36,763
ROYAL BK OF CANADA - 2.050% -	52,455	52,216
TARGET CORP NOTE - 4.500% - 09	72,961	72,559
TRUIST FINL CORP SER G MTN - 1	73,493	74,798
UNITED HEALTH GROUP INC - 5.15	77,398	73,983
UNITEDHEALTH GROUP INC - 3.850	67,796	68,030
VERIZON COMMUNICATIONS INC - 2	61,834	59,789
WASTE MGMT INC - 4.875% - 02/1	46,088	49,045

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M CO	1,297	1,807
ABBOTT LABS	13,655	21,604
ABBVIE INC	19,617	21,502
ADOBE SYSTEMS, INC	54,875	59,142
ADVANCED MICRO DEVICES INC	6,381	8,335
AIRBNB	11,918	11,433
AKAMAI TECH COM STK	9,376	8,130
ALPHABET INC CL A	58,841	68,337
ALPHABET INC CL C	99,773	246,620
AMER INTERNATIONAL GROUP INC	3,174	4,441
AMERICAN EXPRESS CO	6,378	13,652
AMERICAN TOWER REIT INC	5,788	5,135
AMERICAN WATER WORKS COMPANY I	38,613	35,480
AMERIPRISE FINANCIAL INC	24,481	54,840
AMGEN INC	8,765	8,862
AMPHENOL CORPORATION	17,917	40,837
ANALOG DEVICES INC	24,261	43,767
AON PLC CL A	24,345	36,275
APPLE INC	25,909	237,649
APPLIED MATERIALS INC	10,526	14,637
ARCH CAPITAL GROUP LTD	4,528	3,879
ARCHER DANIELS MDLND	9,740	7,022
ARISTA NETWORKS	5,814	15,916
AT&T, INC	17,055	18,216
AUTOMATIC DATA PROCESSING INC	12,286	18,149
BALL CP	31,075	31,920
BANK OF AMERICA CORP	89,729	110,095
BECTON DICKINSON & CO	991	1,134
BLACKROCK INC	6,743	9,226
BOEING CO	6,018	8,142
BOOKING HOLDINGS INC	40,571	104,337
BRISTOL-MYERS SQUIBB CO	4,042	3,790
BROADCOM INC	55,398	232,536
BROWN FORMAN CORP CL B	1,266	874
CADENCE DESIGN SYSTEMS INC	10,829	12,018
CARRIER GLOBAL	26,440	41,707
CBRE GROUP	33,434	48,052
CDW CORP	10,389	11,313
CHARLES SCHWAB CORP	2,746	2,738
CHIPOTLE MEX GRILL	1,525	1,568
CHUBB LIMITED	16,899	21,828
CHURCH & DWIGHT	9,087	9,319
CIGNA CORPORATION	1,350	1,105
CINTAS CRP	13,447	20,462
CISCO SYSTEMS INC	5,510	6,275
CME GROUP, INC	39,373	49,465
COGNIZANT TECHNOLOGY SOLUTIONS	32,006	34,297
COLGATE-PALMOLIVE COMPANY	44,675	49,273
COMCAST CORP	19,387	16,100
CONSTELLATION ENERGY GROUP INC	11,397	31,543
COPART INC	3,381	11,248
CORNING INC	3,066	4,657
COSTAR GROUP, INC	11,634	10,452
COSTCO WHOLESALE CORPORATION	37,902	69,637
CRH PLC	33,338	30,994
CROWDSTRIKE HOLDINGS, INC	2,469	2,737
CSX CORP	3,030	3,162
CUMMINS INC	23,206	46,015
CVS CAREMARK CORP	1,533	1,032
D R HORTON	34,456	29,083
DANAHER CORP	46,133	52,108
DEERE CO	13,636	15,677
DIGITAL RLTY TR INC	25,763	36,885
DOLLAR GENERAL CORP	3,277	1,592
DOLLAR TREE INC	8,681	5,621
DOMINION ENERGY INC	9,473	10,503
DUKE ENERGY CO	11,127	12,498
EATON CORP PLC	12,264	15,930
EBAY INC	17,799	28,249
ECOLAB INC	27,973	38,897
EDWARDS LIFESCIENCES	40,208	38,792
ELEVANCE HEALTH INC	15,061	11,067
ELI LILLY & CO	63,282	105,764
EMERSON ELECTRIC CO	32,970	50,563
EQUINIX, INC	9,056	12,258
EQUITY RESIDENTIAL PPTYS TR	1,383	1,650
ESTEE LAUDER COMPANIES INC	21,489	6,823
EVERSOURCE ENERGYINC	30,810	29,060
FAIR ISSAC & CO INC	7,390	11,946
FIFTH THIRD BANCORP	23,339	39,490
FISERV, INC	18,787	35,332
FORTINET INC	9,527	13,038
FOX CORP CL B	6,316	10,154
GARMIN LTD	1,079	2,269
GARTNER INC	8,924	14,050
GEN DYNAMICS CP	5,399	5,006
GENUINE PARTS COMPANY	4,985	4,087
GILEAD SCIENCES INC	1,420	1,755
GODADDY INC	8,244	11,447
GRAINGER W W INC	4,738	10,541
HCA INC	9,258	9,005
HEWLETT PACKARD ENTERPRISE CO	17,255	23,015
HOLOGIC, INC	28,990	28,403
HOME DEPOT INC	78,967	115,530
HONEYWELL INTL	15,181	17,394
HOWMET AEROSPACE ORD SHS	1,433	3,172
HP INC	4,203	3,818
HUMANA INC	9,216	9,895
IDEXX CORP	4,010	3,308
ILLINOIS TOOL WORKS	13,289	18,510
INTEL CORP	12,161	6,496
INTERCONTINENTAL EXCHANGE, INC	1,148	1,490
INTUIT	38,499	70,392
INTUITIVE SURGICAL	12,715	22,444
JABIL CIRCUIT INC	7,800	8,346
JOHNSON & JOHNSON	41,320	42,808
JP MORGAN CHASE	46,609	70,714
KEYSIGHT TECHNOLOGIES INC	9,190	9,638
KIMBERLY CLARK CORP	5,781	5,373
KLA TENCOR CORP	11,202	11,342
KRAFT HEINZ CO	6,472	6,203
LAM RESEARCH CORP	11,983	10,835
LINDE PLC COM	19,453	39,774
LKQ CORPORATION	4,991	3,749
LOCKHEED MARTIN CORP	7,937	8,747
LOEWS CORP	20,104	26,423
LOWES COMPANIES INC	12,793	15,795
LULULEMON ATHLETICA INC	11,070	10,325
LYONDELLBASELL INDUSTRIES NV	2,463	1,931
MARRIOTT INTERNATIONAL INC. CL	6,265	8,368
MARSH AND MCLENNAN COMPANIES I	713	1,487
MASTERCARD INC	30,637	56,870
MCKESSON CORP	11,314	11,968
MEDTRONIC PLC	6,471	6,390
MERCK & CO INC	83,694	101,868
METLIFE INC	40,547	52,731
MICRON TECHNOLOGY	52,934	38,714
MICROSOFT CORP	200,825	421,921
MONDELEZ INTERNATIONAL INC	29,549	28,730
MONSTER BEVERAGE CORP	3,492	3,574
MORGAN STANLEY	28,459	61,980
MOTOROLA SOLUTIONS INC	9,254	12,480
NETAPP, INC	7,448	9,170
NETFLIX INC	78,171	157,764
NEWMONT GOLDCORP CORPORATION	5,617	3,945
NEWS CORP LTD ADR	7,858	11,198
NEXTERA ENERGY, INC	4,840	4,373
NVIDIA CORP	96,789	386,889
OLD DOMINION FREIGHT LINE	8,469	9,878
ORACLE CORP	21,558	25,163
PACCAR INC	8,312	9,882
PALANTIR TECHNOLOGIES INC	1,414	2,874
PALO ALTO NETWORKS INC	11,668	15,649
PARKER HANNIFIN CP	17,907	22,261
PEPSICO INC	29,863	33,757
PFIZER INC	12,472	10,081
PNC FINANCIAL GROUP INC	1,203	1,929
POOL CORP	6,452	6,478
PROCTER GAMBLE CO	41,827	46,774
PROGRESSIVE CORP OHIO	9,033	16,773
PROLOGIS	31,312	26,425
PUBLIC SVC ENTERPRISE GROUP IN	1,319	1,943
QUALCOMM INC	13,552	17,666
QUANTA SVCS INC	2,965	4,741
RALPH LAUREN CORP	23,692	58,207
RAYTHEON TECHNOLOGIES CORP	10,665	17,474
REGENERON PHARMACEUTICALS INC	24,799	35,617
S&P GLOBAL INC COM	27,779	41,336
SALESFORCE.COM	59,356	81,911
SEAGATE TECHNOLOGY HOLDINGS PL	7,541	7,595
SEMPRA ENERGY COM	14,099	18,421
SERVICE NOW	10,656	23,323
SHERWIN-WILLIAMS CO	4,680	4,759
SPDR BARCLAYS 1 TO 10 YEAR TIP	1,327,667	1,255,026
STEEL DYNAMICS INC	7,037	7,415
STRYKER CORPORATION	10,318	12,962
SUPER MICRO COMPUTER INC	10,818	3,901
SYNOPSYS, INC	12,237	11,649
T-MOBILE US INC	79,425	120,960
TARGET CORPORATION	15,682	12,977
TE CONNECTIVITY LTD	24,515	29,595
TELEDYNE TECH INC	11,537	12,067
TESLA MOTORS INC	57,833	87,633
TEXAS INSTRUMENTS INC	13,156	17,813
THE BLACKSTONE GROUP INC CL A	4,100	6,724
THE COCA-COLA CO	33,818	43,457
THERMO FISHER SCIENTIFIC INC	19,611	21,850
TJX COMPANIES INC	53,526	99,668
TRANE TECHNOLOGIES PLC	3,843	4,802
TRANSDIGM GRP INC	2,550	3,802
TRIMBLE NAV LTD	21,129	25,084
TRUIST FINANCIAL CORPORATION	2,276	3,297
ULTA SALON, COSMETICS & FRAGRA	31,315	33,925
UNION PACIFIC	24,280	24,400
UNITED RENTALS INC	1,274	1,409
US BANCORP	5,352	6,409
VALMONT INDUSTRIES INC	23,989	30,054
VERISIGN INC	20,364	19,040
VERIZON COMMUNICATIONS	22,792	18,795
VERTEX PHARMCTLS INC	34,196	61,613
VERTIV CL A	19,059	35,219
VISA INC	77,520	177,931
WALGREENS BOOTS ALLIANCE	11,499	8,574
WELLTOWER INC.	5,508	6,932
WESTERN DIGITAL CORP	8,050	7,036
WESTINGHOUSE AIR BRAKE TECHNOL	15,914	41,520
XYLEM INC	28,285	34,342
YUM BRANDS INC	7,061	8,318
ZEBRA TECHNOLOGIES CORP	13,891	15,835
ZOETIS INC	5,367	5,051

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

US Government Securities - End of Year Book Value:

2,635,583

US Government Securities - End of Year Fair Market Value:

2,641,008

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

815,262

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

831,522

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Category/ Item	Book Value	End of Year Fair Market Value
AC CARBON LP (AETOS II)	1,481,205	1,664,104
ACRE VENTURE PARTNERS III, L.P	116,723	119,212
AVANATH AFFORDABLE HOUSING IV,	451,722	402,055
AZOLLA VENTURES FULL-CYCLE FUN	52,964	53,728
BETTER VENTURES FUND III, LP	174,075	247,080
BLUE HIGHWAY GROWTH CAPITAL FU	231,517	280,331
BOSTON COMMON INT'L SUSTAINABL	3,179,013	3,848,708
CLEAN ENERGY FUND CLASS C ABSO	234,622	343,052
CLEAN ENERGY VENTURE FUND II,	89,823	90,835
CLEAN GROWTH FUND IV, LP	35,971	72,994
CLEAN GROWTH FUND V, LP	129,699	214,784
ECOSYSTEM INTEGRITY FUND IV, L	149,046	172,991
EIF-V	101,024	111,138
ELEVAR EQUITY IV, LP	277,782	879,793
GENERATION IM ASIA FUND L.P	1,051,774	1,140,025
GENERATION IM SUSTAINABLE SOLU	478,973	473,956
GREENBACKER RENEWABLE ENERGY I	2,000,000	2,175,804
HULL STREET ENERGY PARTNERS I,	98,645	334,890
HULL STREET ENERGY PARTNERS II	387,209	1,008,581
ILLUMEN CAPITAL II, LP	140,540	146,478
ILLUMEN CAPITAL, LP	306,293	357,962
IMPACT ENGINE PRIVATE EQUITY F	209,166	231,575
IMPACTIVECF3E	650,000	633,382
IMPACTIVECF4E	650,000	625,718
INVESTECO SUSTAINABLE FOOD FUN	311,496	1,119,758
LANSDOWNE CLEAN ENERGY FUND IC	497,350	1,079,215
MAJ INVEST GLOBAL VALUE EQUITI	2,674,273	2,915,353
OWNERSHIP CAPITAL GLOBAL EQUIT	2,144,076	2,432,829
PARK STREET CAPITAL NATURAL RE	2,581	1,268
PARK STREET CAPITAL NATURAL RE		1,504
PARK STREET CAPITAL NATURAL RE	34,025	33,949
RETHINK IMPACT III LP	635	38
ROSE AFFORDABLE HOUSING PRESER	79,918	67,562
ROSE AFFORDABLE HOUSING PRESER	191,483	430,317
RRG GLOBAL PARTNERS FEEDER FUN	244,044	195,506
RRG SUSTAINABLE WATER IMPACT F	222,436	299,159
SPRING LANE CAPITAL OFFSHORE F	173,255	159,380
STEWART INVS GEMSL FD (DST)	696,430	672,184
SUMMIT SUSTAINABLE OPPORTUNITI	1,617,923	2,069,460
SUSTAINABLE ASSET FUND II (CAY	370,052	496,680
SUSTAINABLE ASSET FUND III (US	364,761	379,231
SUSTAINABLE ASSET FUND IV (US	12,432
SUSTAINABLE ASSET FUND LP	151,588	125,236
TERRA ALPHA GLOBAL EQUITY FUND	3,079,721	3,482,184
TRUE GREEN CAPITAL FUND III L.	7,468	114,652
WOVENEARTH FUND I, LP	463,479	524,076

- TIN:

TY 2024 OtherExpensesSchedule

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	43,777		43,777
Bank Charges	3	3
Foundation Dues & Memberships	2,500		2,500
K-1 Exp AC CARBON LP (AETOS II	14,891	14,891
K-1 Exp ACRE VENTURE PARTNERS	11,496	11,496
K-1 Exp AVANATH AFFORDABLE HOU	2
K-1 Exp AZOLLA VENTURES FULL-C	10,534	10,534
K-1 Exp BETTER VENTURES FUND I	5,869	5,869
K-1 Exp BLUE HIGHWAY GROWTH CA	8,215	8,215
K-1 Exp BOSTON COMMON INT'L SU	18,280	12,777
K-1 Exp CLEAN ENERGY VENTURE F	12,850	12,850
K-1 Exp CLEAN GROWTH FUND IV,	3,298	3,270
K-1 Exp CLEAN GROWTH FUND V, L	5,664	5,479
K-1 Exp ECOSYSTEM INTEGRITY FU	6,698	6,659
K-1 Exp EIF-V	13,339	13,339
K-1 Exp ELEVAR EQUITY IV, LP	7,062	7,058
K-1 Exp GENERATION IM ASIA FUN	19,918	19,918
K-1 Exp HULL STREET ENERGY PAR	16,892	16,787
K-1 Exp ILLUMEN CAPITAL II, LP	14,678	14,678
K-1 Exp ILLUMEN CAPITAL, LP	16,407	16,129
K-1 Exp IMPACT ENGINE PRIVATE	10,018	10,013
K-1 Exp INVESTECO SUSTAINABLE	3,473	3,473
K-1 Exp MAJ INVEST GLOBAL VALU	22,237	22,237
K-1 Exp OWNERSHIP CAPITAL GLOB	11,725	11,393
K-1 Exp PARK STREET CAPITAL NA	104	104
K-1 Exp PARK STREET CAPITAL NA	664	663
K-1 Exp PARK STREET CAPITAL NA	1,588	1,570
K-1 Exp RETHINK IMPACT III LP	3,355	3,355
K-1 Exp ROSE AFFORDABLE HOUSIN	81	81
K-1 Exp ROSE AFFORDABLE HOUSIN	145	145
K-1 Exp RRG SUSTAINABLE WATER	2,306	2,306
K-1 Exp SPRING LANE CAPITAL OF	13,032	13,032
K-1 Exp STEWART INVS GEMSL FD	7,278	7,278
K-1 Exp SUSTAINABLE ASSET FUND	8,565	8,563
K-1 Exp SUSTAINABLE ASSET FUND	4,665	4,665
K-1 Exp SUSTAINABLE ASSET FUND	7,224	7,223
K-1 Exp SUSTAINABLE ASSET FUND	1,399	1,361
K-1 Exp TERRA ALPHA GLOBAL EQU	43,161	43,161
K-1 Exp TRUE GREEN CAPITAL FUN	4,444	3,345
K-1 Exp WOVENEARTH FUND I, LP	66,813	66,807
State or Local Filing Fees	750		750
Website Hosting/Support	181		181

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Description	Revenue And Expenses Per Books	Net Investment Income
K-1 Inc/Loss AC CARBON LP (AETOS II)	3,638	3,638
K-1 Inc/Loss ACRE VENTURE PARTNERS III, L.P	73	73
K-1 Inc/Loss AVANATH AFFORDABLE HOUSING IV, LLC	-8,499	-8,499
K-1 Inc/Loss AZOLLA VENTURES FULL-CYCLE FUND I, L	751	751
K-1 Inc/Loss BETTER VENTURES FUND III, LP	469	469
K-1 Inc/Loss BLUE HIGHWAY GROWTH CAPITAL FUND, LP	16,239	16,239
K-1 Inc/Loss BOSTON COMMON INT'L SUSTAINABLE CLIM	117,183	117,183
K-1 Inc/Loss CLEAN ENERGY VENTURE FUND II, LP #79	817	817
K-1 Inc/Loss CLEAN GROWTH FUND IV, LP	370	370
K-1 Inc/Loss CLEAN GROWTH FUND V, LP	667	693
K-1 Inc/Loss ECOSYSTEM INTEGRITY FUND IV, L.P	579	541
K-1 Inc/Loss EIF-V	16	16
K-1 Inc/Loss ELEVAR EQUITY IV, LP	20	20
K-1 Inc/Loss GENERATION IM ASIA FUND L.P	29,061	29,061
K-1 Inc/Loss HULL STREET ENERGY PARTNERS II, L.P	16,541	5,642
K-1 Inc/Loss ILLUMEN CAPITAL II, LP	1,009	1,009
K-1 Inc/Loss ILLUMEN CAPITAL, LP	1,437	1,428
K-1 Inc/Loss IMPACT ENGINE PRIVATE EQUITY FUND II	-1,636	958
K-1 Inc/Loss INVESTECO SUSTAINABLE FOOD FUND II,	2,053	2,053
K-1 Inc/Loss MAJ INVEST GLOBAL VALUE EQUITIES FUN	60,624	60,624
K-1 Inc/Loss OWNERSHIP CAPITAL GLOBAL EQUITY (USD	9,393	9,393
K-1 Inc/Loss PARK STREET CAPITAL NATURAL RESOURCE	123	124
K-1 Inc/Loss PARK STREET CAPITAL NATURAL RESOURCE	284	255
K-1 Inc/Loss PARK STREET CAPITAL NATURAL RESOURCE	3,370	2,650
K-1 Inc/Loss ROSE AFFORDABLE HOUSING PRESERVATION	-1	-1
K-1 Inc/Loss ROSE AFFORDABLE HOUSING PRESERVATION	3,869	3,869
K-1 Inc/Loss RRG SUSTAINABLE WATER IMPACT FD B LP	4,746	4,746
K-1 Inc/Loss SPRING LANE CAPITAL OFFSHORE FUND II	5,090	5,090
K-1 Inc/Loss STEWART INVS GEMSL FD (DST)	21,991	21,991
K-1 Inc/Loss SUSTAINABLE ASSET FUND II (CAYMAN) L	13,785	13,785
K-1 Inc/Loss SUSTAINABLE ASSET FUND III (US FEEDE	13,929	13,929
K-1 Inc/Loss SUSTAINABLE ASSET FUND LP	-383	-56
K-1 Inc/Loss TERRA ALPHA GLOBAL EQUITY FUND LP	65,192	65,192
K-1 Inc/Loss TRUE GREEN CAPITAL FUND III L.P	6,323	1
K-1 Inc/Loss WOVENEARTH FUND I, LP	4,310	4,310
Class Action Lawsuit Proceeds	59	59
Federal Tax Refund	9,507
INCOME FROM PFICS	323	323
Sec 751 Gain on Sale CLEAN GROWTH FUND V, LP	5
Sec 751 Gain on Sale PARK STREET CAPITAL NATURAL R	44

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	267,285	267,285
Philanthropic Consulting Srvcs	18,000			18,000

- TIN:

TY 2024 TaxesSchedule

Name:

The Arnow Family Fund Inc

EIN:

13-3188773

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2024	25,500
Foreign Tax Paid	1,282	1,282
State Income Tax 2023	250