TY 2024 Form 990PF

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	23,627,165
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

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	332,061
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	332,061
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	332,061
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	331,318
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	56,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............	7	387,318
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	55,257
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax55,257	Refunded	11	0

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
L LINFIELD SIMON	PRESIDENT/DIRECTOR 30.00	160,000	0	0
140 OGDEN STREET NEW HAVEN,CT06511
SUSAN R SIMON	V.P./CLERK/DIRECTOR 8.00	35,000	0	0
140 OGDEN STREET NEW HAVEN,CT06511
CAITLIN J SIMON	TREASURER/DIRECTOR 8.00	35,000	0	0
20 EDGEHILL ROAD NEW HAVEN,CT06511
GREGORY A HUBER	DIRECTOR 8.00	35,000	0	0
20 EDGEHILL ROAD NEW HAVEN,CT06511

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	INVESTMENT IN ELM CITY COMMUNITY MARKET, INC. TO PROVIDE THE MARKET WITH AN OPPORTUNITY TO ACHIEVE SUSTAINABILITY. THE PURPOSE OF THIS INVESTMENT IS TO ENABLE ELM CITY COMMUNITY MARKET, INC. TO PRESERVE JOBS FOR MINORITY AND LOW INCOME NEW HAVEN, CONNECTICUT RESIDENTS, INCLUDING A SUBSTANTIAL NUMBER OF PRISON REENTRY EMPLOYEES IN FURTHERANCE OF THE RISC FOUNDATION'S MISSION OF PROMOTING ECONOMIC DEVELOPMENT, RELIEVING POVERTY AND COMBATING COMMUNITY AND ENVIRONMENTAL DETERIORATION IN ECONOMICALLY DEPRESSED NEW HAVEN, CONNECTICUT.	4,636,000
2	INVESTMENT IN CONNCORP LLC, A 501(C)(3) ORGANIZATION, TO PROVIDE OPPORTUNITIES TO NEW HAVEN, CT'S UNDERSERVED RESIDENTS BY THE ACQUISITION AND REVITALIZATION OF COMMERCIAL PROPERTIES AS WELL AS INVESTMENT IN NEW AND EXISTING LOCAL COMMUNITY-BASED BUSINESSES. IT ALSO SEEKS TO ATTRACT BUSINESSES TO NEW HAVEN, CT AND TO CATALYZE AND SUPPORT A PLACE-BASED IMPACT INVESTING ECOSYSTEM IN THE CITY.	2,885,000
All other program-related investments. See instructions.
3	List of Attached Documents: // Content	34,008,383

3 Grants and Contributions Paid During the Year or Approved for Future Payment
aPaid during the year
COMMUNITY FOUNDATION OF GREATER NEW HAVEN 70 AUDUBON STREET NEW HAVEN,CT06510	N/A	PC	PROGRAM SUPPORT	6,724,996
JACOB'S PILLOW DANCE FESTIVAL INC 358 GEORGE CARTER ROAD BECKET,MA01223	N/A	PC	PROGRAM SUPPORT	50,000
Total ................................. 3a	6,774,996

Category	Amount
INVESTMENT IN THE CONNECTICUT CENTER FOR ARTS AND TECHNOLOGY, A 501(C)(3) ORGANIZATION, TO PROCEED WITH THE CREATION OF A CULINARY ARTS PROGRAM, WHICH, AMONG OTHER THINGS, WAS INTENDED TO PROVIDE JOB TRAINING FOR NEW HAVEN'S MINORITY REENTRY POPULATION.	125,000
INVESTMENT IN CONNCORP HOLDINGS INC, A DISREGARDED ENTITY OF CONNCORP LLC, (A 501(C)(3) ORGANIZATION), TO PROVIDE OPPORTUNITIES TO NEW HAVEN, CT'S UNDERSERVED RESIDENTS BY THE ACQUISITION AND REVITALIZATION OF COMMERCIAL PROPERTIES AS WELL AS INVESTMENT IN NEW AND EXISTING LOCAL COMMUNITY-BASED BUSI	26,916,136
INVESTMENT IN NXTHVN INC, A 501(C)(3) ORGANIZATION, TO PLAY A CENTRAL ROLE IN THE DEVELOPMENT OF THE NEXT GENERATION OF PROFESSIONAL ARTISTS, FOSTER THE RETENTION OF HIGHLY SKILLED PROFESSIONAL ART TALENT, AND SERVE AS A CATALYST IN HELPING NEW HAVEN BECOME A WORLD CLASS SUSTAINABLE ARTS COMMUNITY.	6,967,247

- TIN:

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

TY 2024 ExpenditureResponsibilityStmt

Name:

THE RISC FOUNDATION INC

EIN:

71-1051630

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
THE ELM CITY COMMUNITY MARKET INC	777 CHAPEL STREET NEW HAVEN,CT06510	2024-01-03	475,000	INVESTMENT IN ELM CITY COMMUNITY MARKET, INC. TO PROVIDE THE MARKET WITH AN OPPORTUNITY TO ACHIEVE SUSTAINABILITY IN THE FORM OF A LOAN. THE PURPOSE OF THIS INVESTMENT IS TO ENABLE ELM CITY COMMUNITY MARKET, INC. TO PRESERVE JOBS FOR MINORITY AND LOW INCOME NEW HAVEN, CONNECTICUT RESIDENTS, INCLUDING A SUBSTANTIAL NUMBER OF PRISON REENTRY EMPLOYEES IN FURTHERANCE OF THE RISC FOUNDATION'S MISSION OF PROMOTING ECONOMIC DEVELOPMENT, RELIEVING POVERTY AND COMBATING COMMUNITY AND ENVIRONMENTAL DETERIORATION IN ECONOMICALLY DEPRESSED NEW HAVEN, CONNECTICUT.	475,000	AT THE TIME OF THE GRANT, THE GRANTOR HAD NO KNOWLEDGE OF ANY DIVERSION	NO REPORT AVAILABLE BECAUSE THE RESPONSIBLE OFFICER WAS DISCHARGED FOR CAUSE	THE GRANTOR HAD NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE PRIOR REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
THE ELM CITY COMMUNITY MARKET INC	777 CHAPEL STREET NEW HAVEN,CT06510	2024-04-05	380,000	INVESTMENT IN ELM CITY COMMUNITY MARKET, INC. TO PROVIDE THE MARKET WITH AN OPPORTUNITY TO ACHIEVE SUSTAINABILITY IN THE FORM OF A LOAN. THE PURPOSE OF THIS INVESTMENT IS TO ENABLE ELM CITY COMMUNITY MARKET, INC. TO PRESERVE JOBS FOR MINORITY AND LOW INCOME NEW HAVEN, CONNECTICUT RESIDENTS, INCLUDING A SUBSTANTIAL NUMBER OF PRISON REENTRY EMPLOYEES IN FURTHERANCE OF THE RISC FOUNDATION'S MISSION OF PROMOTING ECONOMIC DEVELOPMENT, RELIEVING POVERTY AND COMBATING COMMUNITY AND ENVIRONMENTAL DETERIORATION IN ECONOMICALLY DEPRESSED NEW HAVEN, CONNECTICUT.	380,000	AT THE TIME OF THE GRANT, THE GRANTOR HAD NO KNOWLEDGE OF ANY DIVERSION	NO REPORT AVAILABLE BECAUSE THE RESPONSIBLE OFFICER WAS DISCHARGED FOR CAUSE	THE GRANTOR HAD NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE PRIOR REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
THE ELM CITY COMMUNITY MARKET INC	777 CHAPEL STREET NEW HAVEN,CT06510	2024-05-03	275,000	INVESTMENT IN ELM CITY COMMUNITY MARKET, INC. TO PROVIDE THE MARKET WITH AN OPPORTUNITY TO ACHIEVE SUSTAINABILITY IN THE FORM OF A LOAN. THE PURPOSE OF THIS INVESTMENT IS TO ENABLE ELM CITY COMMUNITY MARKET, INC. TO PRESERVE JOBS FOR MINORITY AND LOW INCOME NEW HAVEN, CONNECTICUT RESIDENTS, INCLUDING A SUBSTANTIAL NUMBER OF PRISON REENTRY EMPLOYEES IN FURTHERANCE OF THE RISC FOUNDATION'S MISSION OF PROMOTING ECONOMIC DEVELOPMENT, RELIEVING POVERTY AND COMBATING COMMUNITY AND ENVIRONMENTAL DETERIORATION IN ECONOMICALLY DEPRESSED NEW HAVEN, CONNECTICUT.	275,000	AT THE TIME OF THE GRANT, THE GRANTOR HAD NO KNOWLEDGE OF ANY DIVERSION	NO REPORT AVAILABLE BECAUSE THE RESPONSIBLE OFFICER WAS DISCHARGED FOR CAUSE	THE GRANTOR HAD NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE PRIOR REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
THE ELM CITY COMMUNITY MARKET INC	777 CHAPEL STREET NEW HAVEN,CT06510	2024-05-31	315,000	INVESTMENT IN ELM CITY COMMUNITY MARKET, INC. TO PROVIDE THE MARKET WITH AN OPPORTUNITY TO ACHIEVE SUSTAINABILITY IN THE FORM OF A LOAN. THE PURPOSE OF THIS INVESTMENT IS TO ENABLE ELM CITY COMMUNITY MARKET, INC. TO PRESERVE JOBS FOR MINORITY AND LOW INCOME NEW HAVEN, CONNECTICUT RESIDENTS, INCLUDING A SUBSTANTIAL NUMBER OF PRISON REENTRY EMPLOYEES IN FURTHERANCE OF THE RISC FOUNDATION'S MISSION OF PROMOTING ECONOMIC DEVELOPMENT, RELIEVING POVERTY AND COMBATING COMMUNITY AND ENVIRONMENTAL DETERIORATION IN ECONOMICALLY DEPRESSED NEW HAVEN, CONNECTICUT.	315,000	AT THE TIME OF THE GRANT, THE GRANTOR HAD NO KNOWLEDGE OF ANY DIVERSION	NO REPORT AVAILABLE BECAUSE THE RESPONSIBLE OFFICER WAS DISCHARGED FOR CAUSE	THE GRANTOR HAD NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE PRIOR REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
THE ELM CITY COMMUNITY MARKET INC	777 CHAPEL STREET NEW HAVEN,CT06510	2024-07-02	415,000	INVESTMENT IN ELM CITY COMMUNITY MARKET, INC. TO PROVIDE THE MARKET WITH AN OPPORTUNITY TO ACHIEVE SUSTAINABILITY IN THE FORM OF A LOAN. THE PURPOSE OF THIS INVESTMENT IS TO ENABLE ELM CITY COMMUNITY MARKET, INC. TO PRESERVE JOBS FOR MINORITY AND LOW INCOME NEW HAVEN, CONNECTICUT RESIDENTS, INCLUDING A SUBSTANTIAL NUMBER OF PRISON REENTRY EMPLOYEES IN FURTHERANCE OF THE RISC FOUNDATION'S MISSION OF PROMOTING ECONOMIC DEVELOPMENT, RELIEVING POVERTY AND COMBATING COMMUNITY AND ENVIRONMENTAL DETERIORATION IN ECONOMICALLY DEPRESSED NEW HAVEN, CONNECTICUT.	415,000	AT THE TIME OF THE GRANT, THE GRANTOR HAD NO KNOWLEDGE OF ANY DIVERSION	NO REPORT AVAILABLE BECAUSE THE RESPONSIBLE OFFICER WAS DISCHARGED FOR CAUSE	THE GRANTOR HAD NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE PRIOR REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
THE ELM CITY COMMUNITY MARKET INC	777 CHAPEL STREET NEW HAVEN,CT06510	2024-08-01	460,000	INVESTMENT IN ELM CITY COMMUNITY MARKET, INC. TO PROVIDE THE MARKET WITH AN OPPORTUNITY TO ACHIEVE SUSTAINABILITY IN THE FORM OF A LOAN. THE PURPOSE OF THIS INVESTMENT IS TO ENABLE ELM CITY COMMUNITY MARKET, INC. TO PRESERVE JOBS FOR MINORITY AND LOW INCOME NEW HAVEN, CONNECTICUT RESIDENTS, INCLUDING A SUBSTANTIAL NUMBER OF PRISON REENTRY EMPLOYEES IN FURTHERANCE OF THE RISC FOUNDATION'S MISSION OF PROMOTING ECONOMIC DEVELOPMENT, RELIEVING POVERTY AND COMBATING COMMUNITY AND ENVIRONMENTAL DETERIORATION IN ECONOMICALLY DEPRESSED NEW HAVEN, CONNECTICUT.	460,000	AT THE TIME OF THE GRANT, THE GRANTOR HAD NO KNOWLEDGE OF ANY DIVERSION	NO REPORT AVAILABLE BECAUSE THE RESPONSIBLE OFFICER WAS DISCHARGED FOR CAUSE	THE GRANTOR HAD NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE PRIOR REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
THE ELM CITY COMMUNITY MARKET INC	777 CHAPEL STREET NEW HAVEN,CT06510	2024-08-30	380,000	INVESTMENT IN ELM CITY COMMUNITY MARKET, INC. TO PROVIDE THE MARKET WITH AN OPPORTUNITY TO ACHIEVE SUSTAINABILITY IN THE FORM OF A LOAN. THE PURPOSE OF THIS INVESTMENT IS TO ENABLE ELM CITY COMMUNITY MARKET, INC. TO PRESERVE JOBS FOR MINORITY AND LOW INCOME NEW HAVEN, CONNECTICUT RESIDENTS, INCLUDING A SUBSTANTIAL NUMBER OF PRISON REENTRY EMPLOYEES IN FURTHERANCE OF THE RISC FOUNDATION'S MISSION OF PROMOTING ECONOMIC DEVELOPMENT, RELIEVING POVERTY AND COMBATING COMMUNITY AND ENVIRONMENTAL DETERIORATION IN ECONOMICALLY DEPRESSED NEW HAVEN, CONNECTICUT.	380,000	AT THE TIME OF THE GRANT, THE GRANTOR HAD NO KNOWLEDGE OF ANY DIVERSION	NO REPORT AVAILABLE BECAUSE THE RESPONSIBLE OFFICER WAS DISCHARGED FOR CAUSE	THE GRANTOR HAD NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE PRIOR REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
THE ELM CITY COMMUNITY MARKET INC	777 CHAPEL STREET NEW HAVEN,CT06510	2024-09-20	540,000	INVESTMENT IN ELM CITY COMMUNITY MARKET, INC. TO PROVIDE THE MARKET WITH AN OPPORTUNITY TO ACHIEVE SUSTAINABILITY IN THE FORM OF A LOAN. THE PURPOSE OF THIS INVESTMENT IS TO ENABLE ELM CITY COMMUNITY MARKET, INC. TO PRESERVE JOBS FOR MINORITY AND LOW INCOME NEW HAVEN, CONNECTICUT RESIDENTS, INCLUDING A SUBSTANTIAL NUMBER OF PRISON REENTRY EMPLOYEES IN FURTHERANCE OF THE RISC FOUNDATION'S MISSION OF PROMOTING ECONOMIC DEVELOPMENT, RELIEVING POVERTY AND COMBATING COMMUNITY AND ENVIRONMENTAL DETERIORATION IN ECONOMICALLY DEPRESSED NEW HAVEN, CONNECTICUT.	540,000	AT THE TIME OF THE GRANT, THE GRANTOR HAD NO KNOWLEDGE OF ANY DIVERSION	NO REPORT AVAILABLE BECAUSE THE RESPONSIBLE OFFICER WAS DISCHARGED FOR CAUSE	THE GRANTOR HAD NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE PRIOR REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
THE ELM CITY COMMUNITY MARKET INC	777 CHAPEL STREET NEW HAVEN,CT06510	2024-10-04	590,000	INVESTMENT IN ELM CITY COMMUNITY MARKET, INC. TO PROVIDE THE MARKET WITH AN OPPORTUNITY TO ACHIEVE SUSTAINABILITY IN THE FORM OF A LOAN. THE PURPOSE OF THIS INVESTMENT IS TO ENABLE ELM CITY COMMUNITY MARKET, INC. TO PRESERVE JOBS FOR MINORITY AND LOW INCOME NEW HAVEN, CONNECTICUT RESIDENTS, INCLUDING A SUBSTANTIAL NUMBER OF PRISON REENTRY EMPLOYEES IN FURTHERANCE OF THE RISC FOUNDATION'S MISSION OF PROMOTING ECONOMIC DEVELOPMENT, RELIEVING POVERTY AND COMBATING COMMUNITY AND ENVIRONMENTAL DETERIORATION IN ECONOMICALLY DEPRESSED NEW HAVEN, CONNECTICUT.	590,000	AT THE TIME OF THE GRANT, THE GRANTOR HAD NO KNOWLEDGE OF ANY DIVERSION	NO REPORT AVAILABLE BECAUSE THE RESPONSIBLE OFFICER WAS DISCHARGED FOR CAUSE	THE GRANTOR HAD NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE PRIOR REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
THE ELM CITY COMMUNITY MARKET INC	777 CHAPEL STREET NEW HAVEN,CT06510	2024-10-24	78,000	INVESTMENT IN ELM CITY COMMUNITY MARKET, INC. TO PROVIDE THE MARKET WITH AN OPPORTUNITY TO ACHIEVE SUSTAINABILITY IN THE FORM OF A LOAN. THE PURPOSE OF THIS INVESTMENT IS TO ENABLE ELM CITY COMMUNITY MARKET, INC. TO PRESERVE JOBS FOR MINORITY AND LOW INCOME NEW HAVEN, CONNECTICUT RESIDENTS, INCLUDING A SUBSTANTIAL NUMBER OF PRISON REENTRY EMPLOYEES IN FURTHERANCE OF THE RISC FOUNDATION'S MISSION OF PROMOTING ECONOMIC DEVELOPMENT, RELIEVING POVERTY AND COMBATING COMMUNITY AND ENVIRONMENTAL DETERIORATION IN ECONOMICALLY DEPRESSED NEW HAVEN, CONNECTICUT.	78,000	AT THE TIME OF THE GRANT, THE GRANTOR HAD NO KNOWLEDGE OF ANY DIVERSION	NO REPORT AVAILABLE BECAUSE THE RESPONSIBLE OFFICER WAS DISCHARGED FOR CAUSE	THE GRANTOR HAD NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE PRIOR REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
THE ELM CITY COMMUNITY MARKET INC	777 CHAPEL STREET NEW HAVEN,CT06510	2024-01-31	380,000	INVESTMENT IN ELM CITY COMMUNITY MARKET, INC. TO PROVIDE THE MARKET WITH AN OPPORTUNITY TO ACHIEVE SUSTAINABILITY IN THE FORM OF A LOAN. THE PURPOSE OF THIS INVESTMENT IS TO ENABLE ELM CITY COMMUNITY MARKET, INC. TO PRESERVE JOBS FOR MINORITY AND LOW INCOME NEW HAVEN, CONNECTICUT RESIDENTS, INCLUDING A SUBSTANTIAL NUMBER OF PRISON REENTRY EMPLOYEES IN FURTHERANCE OF THE RISC FOUNDATION'S MISSION OF PROMOTING ECONOMIC DEVELOPMENT, RELIEVING POVERTY AND COMBATING COMMUNITY AND ENVIRONMENTAL DETERIORATION IN ECONOMICALLY DEPRESSED NEW HAVEN, CONNECTICUT.	380,000	AT THE TIME OF THE GRANT, THE GRANTOR HAD NO KNOWLEDGE OF ANY DIVERSION	NO REPORT AVAILABLE BECAUSE THE RESPONSIBLE OFFICER WAS DISCHARGED FOR CAUSE	THE GRANTOR HAD NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE PRIOR REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
THE ELM CITY COMMUNITY MARKET INC	777 CHAPEL STREET NEW HAVEN,CT06510	2024-02-28	348,000	INVESTMENT IN ELM CITY COMMUNITY MARKET, INC. TO PROVIDE THE MARKET WITH AN OPPORTUNITY TO ACHIEVE SUSTAINABILITY IN THE FORM OF A LOAN. THE PURPOSE OF THIS INVESTMENT IS TO ENABLE ELM CITY COMMUNITY MARKET, INC. TO PRESERVE JOBS FOR MINORITY AND LOW INCOME NEW HAVEN, CONNECTICUT RESIDENTS, INCLUDING A SUBSTANTIAL NUMBER OF PRISON REENTRY EMPLOYEES IN FURTHERANCE OF THE RISC FOUNDATION'S MISSION OF PROMOTING ECONOMIC DEVELOPMENT, RELIEVING POVERTY AND COMBATING COMMUNITY AND ENVIRONMENTAL DETERIORATION IN ECONOMICALLY DEPRESSED NEW HAVEN, CONNECTICUT.	348,000	AT THE TIME OF THE GRANT, THE GRANTOR HAD NO KNOWLEDGE OF ANY DIVERSION	NO REPORT AVAILABLE BECAUSE THE RESPONSIBLE OFFICER WAS DISCHARGED FOR CAUSE	THE GRANTOR HAD NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE PRIOR REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	259,496		259,496
4	Dividends and interest from securities...	838,531		821,961
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		23,602,668
b	Gross sales price for all assets on line 6a 53,136,773
7	Capital gain net income (from Part IV, line 2)...			23,627,165
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	6,471	6,471
12	Total. Add lines 1 through 11........	24,707,166		24,715,093
13	Compensation of officers, directors, trustees, etc.	265,000		26,500	238,500
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	818,462	749,528	68,934
17	Interest...............	5,866,110		47	5,866,063
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	479,755	49,755	0
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	4,229	0	4,229
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	7,433,556		825,830	6,177,726
25	Contributions, gifts, grants paid.......	6,774,996			6,774,996
26	Total expenses and disbursements. Add lines 24 and 25	14,208,552		825,830	12,952,722
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	10,498,614
b	Net investment income (if negative, enter -0-)			23,889,263
c	Adjusted net income (if negative, enter -0-)...

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.............	59,947	40,986	40,986
	2	Savings and temporary cash investments.........	8,510,310	3,033,159	3,033,159
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	156,703,281	List of Attached Documents: // Content 176,135,403	176,135,403
	c	Investments—corporate bonds (attach schedule).......	0	List of Attached Documents: // Content 18,478,314	18,478,314
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 40,164,179	List of Attached Documents: // Content 81,693,562	List of Attached Documents: // Content 81,693,562
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	205,437,717	279,381,424	279,381,424
	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)......	60,150,654	List of Attached Documents: // Content 114,313,872
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	60,150,654	114,313,872
		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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	145,287,063	165,067,552
	29	Total net assets or fund balances (see instructions).....	145,287,063	165,067,552
	30	Total liabilities and net assets/fund balances (see instructions).	205,437,717	279,381,424

(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	SALE OF PUBLICLY TRADED SECURITIES
b	DISALLOWED WASH SALES
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	53,136,773	29,534,105	23,602,668
b			24,497
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			23,602,668
b			24,497
c
d
e


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
LAGODA INVESTMENT MANAGEMENT LP	INVESTMENT MGMT. SERVICES	633,893
3 COLUMBUS CIRCLE STE 2215 NEW YORK,NY10019	INVESTMENT MGMT. SERVICES	633,893
GELHAUSEN & ASSOCIATES LLC	PHILANTHROPIC DEVELOPMENT CONSULTING	68,934
417 DARROW AVE EVANSTON,IL60202	PHILANTHROPIC DEVELOPMENT CONSULTING	68,934

		(a) Corpus	(b) Years prior to 2023	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7					8,896,566
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......	3,556,977
f Total of lines 3a through e ........		3,556,977
4Qualifying distributions for 2024 from Part
XI, line 4: $ 54,482,105
a Applied to 2023, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2024 distributable amount.....					8,896,566
e Remaining amount distributed out of corpus		45,585,539
5 Excess distributions carryover applied to 2024.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		49,142,516
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
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) .......		0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		49,142,516
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....	3,556,977
e Excess from 2024....	45,585,539

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

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
COMMUNITY FOUNDATION OF GREATER NEW HAVEN 70 AUDUBON STREET NEW HAVEN,CT06510	N/A	PC	PROGRAM SUPPORT	6,724,996
JACOB'S PILLOW DANCE FESTIVAL INC 358 GEORGE CARTER ROAD BECKET,MA01223	N/A	PC	PROGRAM SUPPORT	50,000
Total ................................. 3a				6,774,996

bApproved for future payment

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

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	259,496
4 Dividends and interest from securities ....			14	838,531
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 .....			15	6,471
8 Gain or (loss) from sales of assets other than inventory ............			18	23,602,668
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		24,707,166	0

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

Item No.	1
Lender's Name	MORGAN STANLEY - LINE OF CREDIT
Lender's Title
Relationship to Insider
Original Amount of Loan
Balance Due	114,313,872
Date of Note
Maturity Date
Repayment Terms
Interest Rate
Security Provided by Borrower
Purpose of Loan
Description of Lender Consideration
Consideration FMV

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
PROGRAM-RELATED INVESTMENTS - VARIOUS LOANS	40,164,179	47,810,179	47,810,179
PROGRAM-RELATED INVESTMENT - CONNCORP HOLDINGS INC		26,916,136	26,916,136
PROGRAM-RELATED INVESTMENT - NXTHVN INC		6,967,247	6,967,247

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

Software ID:
Software Version:

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
STATE FILING FEES	269	269
D&O LIABILITY INSURANCE	2,300	2,300
MEMBERSHIP DUES	1,660	1,660

Description	Amount
UNREALIZED GAINS ON INVESTMENTS	9,279,756
REFUND OF DUPLICATE INSURANCE PAYMENT MADE IN PRIOR YEAR	2,119

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	749,528	749,528		0
GELHAUSEN CONSULTING	68,934	0		68,934

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES PAID ON INVESTMENTS	49,755	49,755		0
FEDERAL EXCISE TAXES	430,000	0		0