JOHN SPERLING FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: JOHN SPERLING FOUNDATION (EIN 32-0284165)
Tax period: 2021-09-01 to 2022-08-31
Filed: 2023-06-29
IRS object ID: 202301819349100200
Schema version: 2021v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Accounting Fees Schedule
Depreciation Schedule
General Explanation Attachment
Investments Corp Stock Schedule
Investments Land Schedule2
Other Assets Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-06-29T23:27:44-05:00	ReturnTs
Tax Period End	2022-08-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	134008324	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	PRICEWATERHOUSECOOPERS LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1850 N CENTRAL AVE STE 700	AddressLine1Txt
City	PHOENIX	CityNm
State Abbreviation	AZ	StateAbbreviationCd
ZIP	850044563	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-09-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	320284165	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JOHN SPERLING FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	JOHN	BusinessNameControlTxt
Phone	6023648000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5115 N DYSART ROAD SUITE 202 305	AddressLine1Txt
City	LITCHFIELD PARK	CityNm
State Abbreviation	AZ	StateAbbreviationCd
ZIP	85340	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DARBY SHUPP	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	6023648000	PhoneNum
Signature	2023-06-29	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	DARBY	PersonFirstNm
Person Last	SHUPP	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CHAD THURSTON	PreparerPersonNm
PTIN	P00806927	PTIN
Phone	6023648000	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$63,403,300	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$266	ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss	$1,821,976	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$1,821,976	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$1,248,350	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$27,828,821	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$1,248,350	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$1,007	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$1,007	OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm	$0	OtherIncomeAdjNetIncmAmt
Total Rev And Expnss	$3,071,599	TotalRevAndExpnssAmt
Total Net Invst Incm	$3,071,333	TotalNetInvstIncmAmt
Total Adj Net Incm	$0	TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$265,000	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$46,500	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm	$0	CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$218,500	CompOfcrDirTrstDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$51,146	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$5,966	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Adj Net Incm	$0	PensionEmplBnftAdjNetIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$45,180	PensionEmplBnftDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$68,750	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$25,000	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$0	AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps	$43,750	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$572,609	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$511,082	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm	$0	OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl	$61,527	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$199,022	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$199,022	TaxesNetInvstIncmAmt
Taxes Adj Net Incm	$0	TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$691	DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm	$0	DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm	$0	DeprecAndDpltnAdjNetIncmAmt
Trav Conf Meeting Rev And Expnss	$4,753	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$0	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Adj Net Incm	$0	TravConfMeetingAdjNetIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$4,753	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$18,854	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$3,514	OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm	$0	OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl	$15,340	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$1,180,825	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$791,084	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$0	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$389,050	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$3,180,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$3,180,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$4,360,825	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$791,084	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$0	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$3,569,050	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$1,289,226	ExcessRevenueOverExpensesAmt
Net Investment Income	$2,280,249	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$133,107	CashBOYAmt
Cash EOY	$165,040	CashEOYAmt
Cash EOYFMV	$165,040	CashEOYFMVAmt
Corporate Stock BOY	$61,523,432	CorporateStockBOYAmt
Corporate Stock EOY	$52,648,438	CorporateStockEOYAmt
Corporate Stock EOYFMV	$52,648,438	CorporateStockEOYFMVAmt
Invst Land Cost Or Other Basis	$4,549	InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation	$3,167	InvstLandAccumDepreciationAmt
Land Bldg Investments EOY	$1,382	LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV	$1,382	LandBldgInvestmentsEOYFMVAmt
Other Assets BOY	$15,631,970	OtherAssetsBOYAmt
Other Assets EOY	$10,588,440	OtherAssetsEOYAmt
Other Assets EOYFMV	$10,588,440	OtherAssetsEOYFMVAmt
Total Assets BOY	$77,288,509	TotalAssetsBOYAmt
Total Assets EOY	$63,403,300	TotalAssetsEOYAmt
Total Assets EOYFMV	$63,403,300	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$77,288,509	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$63,403,300	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$77,288,509	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$63,403,300	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$77,288,509	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$63,403,300	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$77,288,509	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$1,289,226	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$75,999,283	SubtotalAmt
Other Decreases	$12,595,983	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$63,403,300	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (17 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
J.P. MORGAN - 2370 - PUBLICLY TRADED SECURITIES	P	2022-08-31	$1,998,750	$2,280,009	-$281,259	-$281,259
J.P. MORGAN - 2371 - PUBLICLY TRADED SECURITIES	P	2022-08-31	$118,657	$120,361	-$1,158	-$1,158
J.P. MORGAN - 2371 - PUBLICLY TRADED SECURITIES	P	2022-08-31			-$546	-$546
J.P. MORGAN - 2373 - PUBLICLY TRADED SECURITIES	P	2022-08-31			-$211,859	-$211,859
J.P. MORGAN - 2373 - PUBLICLY TRADED SECURITIES	P	2022-08-31	$5,199,699	$5,263,766	$147,792	$147,792
J.P. MORGAN - 2374 - PUBLICLY TRADED SECURITIES	P	2022-08-31			-$42	-$42
J.P. MORGAN - 2374 - PUBLICLY TRADED SECURITIES	P	2022-08-31	$1,333,953	$834,283	$499,712	$499,712
J.P. MORGAN - 2375 - PUBLICLY TRADED SECURITIES	P	2022-08-31			$34,362	$34,362
J.P. MORGAN - 2375 - PUBLICLY TRADED SECURITIES	P	2022-08-31	$1,036,702	$640,416	$361,924	$361,924
J.P. MORGAN - 2376 - PUBLICLY TRADED SECURITIES	P	2022-08-31			-$19,485	-$19,485
J.P. MORGAN - 2376 - PUBLICLY TRADED SECURITIES	P	2022-08-31	$6,341,155	$6,337,123	$23,517	$23,517
J.P. MORGAN - 2377 - PUBLICLY TRADED SECURITIES	P	2022-08-31			-$60,991	-$60,991
J.P. MORGAN - 2377 - PUBLICLY TRADED SECURITIES	P	2022-08-31	$3,812,543	$2,968,272	$905,262	$905,262
J.P. MORGAN - 2378 - PUBLICLY TRADED SECURITIES	P	2022-08-31			-$100,430	-$100,430
J.P. MORGAN - 2378 - PUBLICLY TRADED SECURITIES	P	2022-08-31	$6,978,329	$7,072,382	$6,377	$6,377
J.P. MORGAN - 2379 - PUBLICLY TRADED SECURITIES	P	2022-08-31			-$15,562	-$15,562
J.P. MORGAN - 2379 - PUBLICLY TRADED SECURITIES	P	2022-08-31	$1,009,033	$1,063,859	-$39,264	-$39,264

Field	Value	IRS element (for citing)
Capital Gain Net Income	$1,248,350	CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss	-$374,553	NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$31,695	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$31,695	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$31,695	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$0	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$38,500	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$38,500	TotalPaymentsAndCreditsAmt
Es Penalty	$0	EsPenaltyAmt
Overpayment	$6,805	OverpaymentAmt
Applied To ES Tax	$6,805	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	AZ	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	Yes (1)	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	DARBY SHUPP	IndividualWithBooksNm
Phone	6023648000	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	5115 N DYSART RD STE 202 305	AddressLine1Txt
City	LITCHFIELD PARK	CityNm
State Abbreviation	AZ	StateAbbreviationCd
ZIP	85340	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	0	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	Yes (1)	BusinessHoldingsInd
Excess Business Holdings	0	ExcessBusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
PETER V SPERLING
C/O 5115 N DYSART ROAD SUITE 202	305	LITCHFIELD PARK	AZ	85340	VP & DIRECTOR	1.73	$0	$42,629	$0
TERRI C BISHOP
C/O 5115 N DYSART ROAD SUITE 202	305	LITCHFIELD PARK	AZ	85340	CHAIRMAN & DIRECTOR	10.00	$65,000	$0	$0
DARBY E SHUPP
C/O 5115 N DYSART ROAD SUITE 202	305	LITCHFIELD PARK	AZ	85340	SECRETARY TREASURER DIRECT	38.00	$200,000	$8,517	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
JP MORGAN
560 MISSION STREET SUITE 2400	SAN FRANCISCO	CA	94105	ADVISORY	$480,924
PRICEWATERHOUSECOOPERS
1850 N CENTRAL AVE STE 700	PHOENIX	AZ	850044563	ACCOUNTING	$68,750

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	NONE	Description1Txt
Expenses1	$0	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	NONE	Description1Txt
Expenses1	$0	Expenses1Amt
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$57,481,957	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$159,519	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$13,961,676	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$71,603,152	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$71,603,152	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,074,047	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$70,529,105	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$3,526,455	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$3,526,455	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$31,695	TaxBasedOnInvestmentIncomeAmt
Income Tax	$0	IncomeTaxAmt
Total Tax	$31,695	TotalTaxAmt
Distributable Before Adj	$3,494,760	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$3,494,760	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$3,494,760	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$3,569,050	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$3,569,050	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$3,494,760	DistributableAsAdjustedAmt
Undistributed Income PY	$3,179,453	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$3,569,050	QualifyingDistributionsAmt
Applied To Year1	$3,179,453	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$389,597	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$0	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$3,105,163	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$0	ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
19TH NEWS
3267 BEE CAVES RD SUITE 107-353	AUSTIN	TX	78746	PC	FIRST INSTALLMENT OF A TWO YEAR GRANT FOR GENERAL SUPPORT	$75,000
CENTER FOR SCIENCE IN THE PUBLIC INTEREST
1220 L STREET NW SUITE 300	WASHINGTON	DC	20005	PC	FOR ADVOCACY INITIATIVES. WITH THE OPTION TO USE THE JSF NAME FOR A MATCHING GIFT CHALLENGE	$300,000
EARTHJUSTICE
50 CALIFORNIA STREET SUITE 500	SAN FRANCISCO	CA	94111	PC	FIRST INSTALLMENT OF A THREE YEAR GRANT FOR THE CLIMATE AND ENERGY PROGRAM	$1,000,000
ENVIRONMENTAL WORKING GROUP
1436 U STREET NW SUITE 100	WASHINGTON	DC	20009	PC	FOOD AND AGRICULTURAL POLICY WORK	$300,000
FOOD & WATER WATCH
1616 P ST NW SUITE 400	WASHINGTON	DC	20036	PC	SUPPORT FOR THE PUBLIC WATER FOR ALL CAMPAIGN	$100,000
GAVIOTA COAST CONSERVANCY
POST OFFICE BOX 1099	GOLETA	CA	93116	PC	FOR GENERAL SUPPORT	$25,000
INSTITUTE OF NOETIC SCIENCES
101 SAN ANTONIO ROAD	PETALUMA	CA	94952	PC	FIRST INSTALLMENT OF AN 18 MONTH GRANT FOR THE LUCID DREAMING RESEARCH STUDY	$100,000
JOHN MUIR LAND TRUST
PO BOX 31	MARTINEZ	CA	94533	PC	FAMILY HARVEST FARM	$10,000
MULTIDISCIPLINARY ASSOCIATION FOR PSYCHEDELIC STUDIES
1115 MISSION STREET	SANTA CRUZ	CA	95060	PC	FINAL INSTALLMENT OF A TWO-YEAR GRANT FOR MDMA-ASSISTED THERAPY FOR PTSD: TRAINING AND PATIENT ACCESSIBILITY FOR HEALTH EQUITY	$100,000
NATIONAL FOREST FOUNDATION
27 FOR MISSOULA ROAD SUITE 3	MISSOULA	MT	59804	PC	FIRST INSTALLMENT OF A THREE YEAR GRANT FOR THE BILL WILLIAMS MOUNTAIN RESTORATION: THINNING FORESTS TO PROTECT COMMUNITIES	$100,000
PARK THEATER TRUST
PO BOX 1624 3641 MT DIABLO	LAFAYETTE	CA	94549	PC	FOR THE RESTORATION AND REVITALIZATION OF THE ICONIC PARK THEATER	$5,000	BOULEVARD
WESTERN ENVIRONMENTAL LAW CENTER
208 PASEO DEL PUEBLO SUR 602	TAOS	NM	87571	PC	FIRST INSTALLMENT OF A TWO YEAR GRANT FOR GENERAL SUPPORT TO DEFEND THE PUBLIC LANDS ACROSS THE WESTERN U.S	$500,000
CIVIC NATION
1156 15TH ST NW SUITE 1000	WASHINGTON	DC	20005	PC	FOR WHEN WE ALL VOTE	$250,000
GRANDPAW'S PANTRY
20118 N 67TH AVE STE 300 209	GLENDALE	AZ	85308	PC	FOR GENERAL SUPPORT	$5,000
NEWS LITERACY PROJECT
5335 WISCONSIN AVE NW SUITE 440	WASHINGTON	DC	20015	PC	FOR GENERAL SUPPORT	$15,000
SUSTAINABLE LAFAYETTE
251 LAFAYETTE CIRCLE STE 150	LAFAYETTE	CA	94549	PC	FOR GENERAL SUPPORT OF THE LAFAYETTE COMMUNITY GARDENS	$5,000
ACLU FOUNDATION
125 BROAD STREET 18TH FLOOR	NEW YORK	NY	10004	PC	FOR ADVOCACY WORK RELATED TO REPRODUCTIVE FREEDOM	$250,000
CITIZENS FOR RESPONSIBILITY & ETHICS IN WASHINGTON
1331 F ST NW SUITE 900	WASHINGTON	DC	20004	PC	FOR GENERAL SUPPORT	$15,000
WESTERN RESOURCE ADVOCATES
2260 BASELINE RD UNIT 200	BOULDER	CO	80302	PC	FOR WORK IN THE INTERIOR WEST ASSOCIATED WITH PROTECTING THE COLORADO RIVER	$20,000
IGNITE YOGA FOUNDATION
5110 N DYSART ROAD SUE-A-166	LITCHFIELD PARK	AZ	85340	PC	FOR GENERAL SUPPORT	$5,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$3,180,000	TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
INSTITUTE OF NOETIC SCIENCES
101 SAN ANTONIO ROAD	PETALUMA	CA	94952	PC	SECOND INSTALLMENT OF AN 18 MONTH GRANT FOR THE LUCID DREAMING RESEARCH STUDY	$50,000
NATIONAL FOREST FOUNDATION
27 FOR MISSOULA ROAD SUITE 3	MISSOULA	MT	59804	PC	SECOND AND THIRD INSTALLMENT OF A THREE-YEAR GRANT FOR BILL WILLIAMS MOUNTAIN RESTORATION: THINNING FORESTS TO PROTECT COMMUNITIES	$200,000
19TH NEWS
3267 BEE CAVES RD SUITE 107-353	AUSTIN	TX	78746	PC	SECOND INSTALLMENT OF A TWO YEAR GRANT FOR GENERAL SUPPORT	$75,000
EARTHJUSTICE
50 CALIFORNIA STREET SUITE 500	SAN FRANCISCO	CA	94111	PC	SECOND AND THIRD INSTALLMENT OF A THREE YEAR GRANT FOR THE CLIMATE AND ENERGY PROGRAM	$2,000,000
WESTERN ENVIRONMENTAL LAW CENTER
208 PASEO DEL PUEBLO SUR 602	TAOS	NM	87571	PC	SECOND INSTALLMENT OF A TWO YEAR GRANT FOR GENERAL SUPPORT TO DEFEND THE PUBLIC LANDS ACROSS THE WESTERN U.S	$500,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Apprv Fut	$2,825,000	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1,821,976	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$1,248,350	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDesc	ExclusionExclusionCd	ExclusionExclusionAmt
J.P. MORGAN - 2373	14	$521
HERMES DAEDALUS, LLC K-1	14	$486

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$3,071,333	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$3,071,333	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	JOHN SPERLING REVOCABLE TRUST	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	5115 N DYSART ROAD SUITE 202 305	AddressLine1Txt
City	LITCHFIELD PARK	CityNm
State Abbreviation	AZ	StateAbbreviationCd
ZIP	85340	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$266	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	PRICEWATERHOUSECOOPERS LLP -TAX RETURN & CONSULTING SERVICES	CategoryTxt
Amt	$68,750	Amt
Net Investment Income	$25,000	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$43,750	DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (2 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	Cost Or Other BasisCostOrOtherBasisAmt	Prior Year DepreciationPriorYearDepreciationAmt	Computation MethodComputationMethodTxt	LifeLifeRt	Current Year ExpenseCurrentYearExpenseAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
FURNITURE AND EQUIPMENT	2018-07-20	$2,475	$2,475	SL	3.000000000000	$0	$0	$0
FURNITURE AND EQUIPMENT	2021-08-31	$2,074		SL	3.000000000000	$691	$0	$691

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

Field	Value	IRS element (for citing)
Identifier	DETAILS OF INDIVIDUAL TRANSACTIONS AVAILABLE UPON REQUEST	IdentifierTxt
Form And Line Reference	990-PF PART IV - CAPITAL GAINS AND LOSSES FOR TAX ON INVESTMENT INCOME	FormAndLineReferenceDesc
Medium Explanation	990-PF PART IV - CAPITAL GAINS AND LOSSES FOR TAX ON INVESTMENT INCOMETRANSACTIONAL LEVEL CAPITAL GAIN AND LOSS REPORTS COULD NOT BE ATTACHED TO THE ELETRONIC FILE. CAPITAL GAINS AND LOSSES WERE SUMMARIZED AND REPORTED BY BROKERAGE ACCOUNT. BECAUSE THE IRS E-FILE SYSTEM DOES NOT SUPPORT ATTACHMENTS RELATED TO BROKERAGE STATEMENTS, THEY ARE AVAILABLE UPON REQUEST.	MediumExplanationTxt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
J.P. MORGAN - 2370 - SEE ATTACHED DETAIL	$11,755,439	$11,755,439
J.P. MORGAN - 2371 - SEE ATTACHED DETAIL	$2,686,125	$2,686,125
J.P. MORGAN - 2373 - SEE ATTACHED DETAIL	$15,041,926	$15,041,926
J.P. MORGAN - 2374 - SEE ATTACHED DETAIL	$4,865,103	$4,865,103
J.P. MORGAN - 2375 - SEE ATTACHED DETAIL	$3,315,299	$3,315,299
J.P. MORGAN - 2377 - SEE ATTACHED DETAIL	$2,688,616	$2,688,616
J.P. MORGAN - 2378 - SEE ATTACHED DETAIL	$7,689,986	$7,689,986
J.P. MORGAN - 2379 - SEE ATTACHED DETAIL	$2,685,887	$2,685,887
J.P. MORGAN - 7431 - SEE ATTACHED DETAIL	$1,920,057	$1,920,057

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp

Field	Value	IRS element (for citing)
Category Or Item	FURNITURE AND EQUIPMENT	CategoryOrItemTxt
Cost Or Other Basis	$2,475	CostOrOtherBasisAmt
Accumulated Depreciation	$2,475	AccumulatedDepreciationAmt
Book Value	$0	BookValueAmt
EOYFMV	$0	EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
HERMES DAEDALUS LLC PARTNERSHIP INTEREST	$15,579,000	$10,579,000	$10,579,000
IP - BHL LICENSE	$52,970	$9,440	$9,440

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDesc	AmtAmt
OTHER DECREASE- UNREALIZED G/L	$12,595,497
HERMES DAEDALUS, LLC K-1	$486

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
TELEPHONE EXPENSE	$151	$0	$0	$151
POSTAGE AND DELIVERY	$191	$0	$0	$191
OFFICE SUPPLIES	$293	$0	$0	$293
COMPUTER AND INTERNET EXPENSES	$2,523	$505	$0	$2,018
REGISTRATION FEES	$440	$0	$0	$440
WORKER'S COMPENSATION	$340	$68	$0	$272
PAYROLL ADMIN FEE	$2,290	$458	$0	$1,832
PAYROLL TAXES	$11,894	$2,379	$0	$9,515
DUES AND SUBSCRIPTIONS	$300	$39	$0	$261
CONTINUING EDUCATION	$324	$65	$0	$259
MISCELLANEOUS EXPENSE	$108	$0	$0	$108

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
J.P. MORGAN - 2373	$521	$521	$521
HERMES DAEDALUS, LLC K-1	$486	$486	$486

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
JPM INVESTMENT ADVISORY	$419,397	$419,397	$0	$0
INESTMENT EXPENSE OTHER	$83,095	$83,095	$0	$0
OTHER AGENCY FEES	$8,590	$8,590	$0	$0
JPM ADMIN & SUPPORT CONSULTING	$61,527	$0	$0	$61,527

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FOREIGN TAX EXPENSE	$54,735	$54,735	$0	$0
TAX ON NET INVESTMENT INCOME	$116,285	$116,285	$0	$0
STATE INCOME TAXES - AZ	$28,002	$28,002	$0	$0